REGISTERED COMPANY NUMBER: 08085673 (England Wales) REGISTERED CHARITY NUMBER: 1148502 Mon CF REPORT OF THE TRUSTEES AND CONSOLJDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CYMUNEDAU'N YI¥TLAEf4 MON COMMUNITEES FORWARD Luilliomsdenton
ClTrfUNEDAU'N YMLAEN MON COMMuNrriES FORWARD co]YrEiYfs OF THE C0Tr4SOLIDATED FINANCIAL STATEMENTS FOR TFtE YEAR ETr4DED 31 MARCH 2024 P8g¢ Report of the Truite I to 7 Report of the IndepeDdent AditsrJ 8 to 11 Sl%tement of CoDsolldated Flnsn¢f81 ActSvi¢ies 12 C•nMlldated BAIxD¢¢ Skeel 13 Charfitable Cornpny Balance Sheet 14 Consolldated Cash F1Dw Statement 15 Notes to the Consomdatsd Cash Flow Statement 16 Noles ts the Consolldatsd FIR*nclal Statements 17 to 36
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Th¢ trustees who are also d1ctorS of ihe chariiy for the purposes of the Companies Act 21M)6, PTe5ent iheir r¢port with the financial statements of the charity for the year eThded 31 MaT¢h 2024. The trustees have adopted the provisions of Accounling ond Reponin& by Charilie5.' Stat¢ment of Re£0mended Practice applicabl¢ to ¢haTities preparing their accounls in accordance with the Financial Reporting StandaTd applicable ill the UK and Republic of Ireland (FRS 102) (eff¢dive l January 2019). OBJECTIVES AND ACTIVITIES Objective5 and aims issÉott Slatement To b¢wm¢ tbe gu to organisation Supporting the people and businesses of Angle$ey to Teach iheir full economi¢ pot¢ntial. ObJectlve5 and Alms Based within the local community we aim to alleviate the effects of poverty by supporting people to improve their skills and h¢lp them on their joutney back into cmploymcnL education or training. The COmpanS aims and objectives are set out in the Memoranthjm and Articles as follows: To support thc tnost di.sadvantsged people in the mo$t deprived areas of Anglesey with thc airn of contributing to Icviating persistent poverty. focussed Im community supported actions, working alongside other programmes to narrow the education. skills, economic and health gaps b¢tw¢en the most deprived and more affluent areas. Significant Actlvltles Continuing to deliver cmployment gupport, in work support & training following k¢y themes as p¢r fimdin8 requiremcnts and securing additional funding stream$ to support delivery. Publlc benefit Our main activities and whom we ty to help are d¢suibed below. All our charitsble activilies focus on helping Iwal people of all ages to improve their skills and life ¢hanc¢s and to work with them to b¢¢orne work ready, supporting th¢m to obtsin employment. The trnst¢¢5 bav¢ paid due regard to th¢ Charity Cornn]i55ion's guidance on public benefil in d¢¢iding th¢ adiviti¢s undertaken during the year. The tn151ees are sati$fi¢d that th¢ infoTm#tion provided in th¢ report and ae¢ounts rneets the publi¢ Iwiefit reponing requir¢rnents. Volunteers The trustees of the charity are all unpaid volunteers. The chariry heavily relies on the support of the tr8t¢cl for the strategic guidance for th¢ running and direction the ¢harity takcs with its objects'v¢s. Pag¢ I
CYMUNEDAU'N YMLAEN MON COMMiJNITIES FORWARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities- How 0r aetiritles dellver PlIe bemefit Commvnltles for Work Pllli Communities for Work plus is a Welsh Government fi]nded employment support programme whi¢h support5 individuals and families living within Anglesey, who Deed w to return to work, cmployment or training or those in work who are underemployed. During the last financial year, the Commurjiiies for Work pllls programme has supported a total of 295 pcoplc tnto employment of over 16 hours or more. 168 people a¢hieved qualification$ and a totoj of 540 participants wcrc engag on the project. "In Work" The in-woJ* support service, wljich is suptrf)rted by the Europ¢aD So¢ial Fund througb ibe Welsh GovemmcnL is available to employed individuals living on Anglesey who are facing one or moT¢ barriers (¢.g. ¢hild¢are. transport or a work-limtiing health condition) which prevent them from fvifilling their eaming poienlial. Expanding Mon's Horizons, will also work with employers. specifically foctjsing on 14xal stn411 and medium-sized enterpTises. to help them embTace or improve their existing Equality and Diversity strate81¢S. The project aimed to support 450 umderemployed participants. alld 250 mirro, small aDd m¢dium sized entejprises (SMES) in Ynys Mon. The project came to an end in October 2023 - it achi¢ved 998 parti¢ipant5 engaged. 487 pwple with improved laix)ur market circumstances. 351 enterprises sw)ported & 339 enterpTi$es teporting having improved ¢quality and div¢TSity strategies and monitoring systems. S¢rco Restart The Restart Scheme is a mandatory programme aimed ai supportirtg claimants in the tntensive Work Search regim¢ lo over¢ome barriers to work and to find employmenl. 112 people were supported on Restart. 42 entered employment. 9 people entered self-employment and 83 8ained a qualificalion. Shared PrNperity FuDd Th¢ UK Shar¢d Prosperity Fund (UKSPF) is a UK 8ovemment program that aims to support local investhient and irnprove lif¢ chath¢¢s across the UK. The fund is a key part of the UK government's Levelling Up agenda. Outcornes for th¢ projcct include.. SPF Employment Sppport- Mon Yml•¢n 2 92 Econornically Inactive p¢opl¢ engag, 32 of those moving into employmenl 38 gaining a qualifieatio 41 Long Temj Unemploycd cngagod, 17 gaining ernployrn¢nt, 41 gaining a qualification 274 cmployed people eT]gaged, 102 with improvcd labour market Situations, 80 gaining a qualification 49 people gaining a licence (SIA, Lantra & CSCS} SPF Buslness Support- Cefnogl Busltteis 2 453 small business engagcd, 28 pcoplc taking part in paid work placements, 160 people wanting to move into self-employment supported, 186small grant distributed to srnall busin¢ss¢s, 32 ncw set up businesses supported, 32 jobs created, and 24 new soeial plaOrnIs and webgitcs creat¢d. Multlply (Jan 24- March 24) A program tbai aims io improve numeracy skills in adults 8g¢d 19 and over. Numerncy is the ability to use and undersiand math in daily life. at work and at home. 50 people engaged, 5 g&ining a qualification. 8 gaining up to level 2 Essenti Skills in Maths Page 2
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 21124 Trainlng Th¢ training centre delivers a wide rnnge of courses and has been going rhrough SI]ficant chang¢s and d¢Yelopment during this year. 108 courses were delivere(L 1420 people att¢nd¢d training Th¢5e included Health & Sdfety, Manual Handling, Fire Safety Awareness, Mental Health First Aid, Paediatri¢ First Aid. EFAW. The centre is registered with and 4pprov¢d a5 a centre for Qualsafe Awards, LANTRA, Agored Cymrn and IOSH. FINANCIAL REVIEW Flnattcial p•sAtlon During the year both the Reslricted and Unrestricted Fund5 have increased. The restrictcd ¢lcm¢nt has in¢rcascd from £1,535,762 in March 23 to £2,042,797 in March 2024. The Unrestricted Resetves bave InaSed from £697.551 in March 23 to £843,497 An March 2024. Prlncipal funding sourees The principal funding source$ for the company were by way of grants from the Welsh GoY¢rnmcn( WEFO. UK Government and Serco Restart. Contlnuation of fvndlng The Welsh Govemment Funding CtW+ will continue to M8r¢h 26 $ubject to an annual applicalion to WG thi8 represents the core of Mon L'F. Shar¢d Prosperity Funding will continuc wjtil Mawh 2025 Levelling Up Funding has been extend to S¢piembeT 2025 Serco Rcstart has also been extended to Jwi¢ 2027 Ihvestment polley and objectives Funds ieceivcd and not required for eurrent expenditure are deposited in a Current bank a¢¢ount. Reserves p&liey The Trustees have examined thc charity's requirements for reserves in light of ihe main risks to th¢ organisation. It h&5 established 8 policy wheTeby the unrcslricted funds not committed or invested in fixed ass¢ts h¢ld by the ¢haiity should be benvcen 3 and 6 months of expendittwe. The present level of the gen¢ral fimd rneets this eriria. The charitable ¢ompany'5 ability to continue ro provide ¢urr¢n¢ $erviees Es largely dependent on fjjndmg from Welsh and National govcrnment and various agencies. If les5 fvnding is available, the T¢S will need to Curtail activities in order to remain within bud8eL This would inevitably impact on ¢h¢ s¢rvi¢e provlded to the public. FUTURE PLANS Th¢ charity plans to continue with the a¢iivities outlined above in the forthcoming years subje¢t to satisfadory funding arrange]n¢nts. STRUCTURE, GOVERNANCE AND MANAGEMENT GoverlliDg document Th¢ organisation is a charitabl¢ ¢urnpany IiTllited by guarantee and gov¢m¢d by its Memorandum of Association dated 28 May 2012 and amended on 8 Mh 2019. It was registered with th¢ Charity Cornmission on 09 AguSt 2012. In the event of the company b¢ing wound up members are required to contribute an amount not cxecedirtg £10. Page 3
CITrIUNEDAU'N YMLAEN MON COMMUIYITIES FORWARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 TrL4RCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMEL¥T Recrui¢ment and appointment of neiy trustees Cymunedau'n Ymlaen Mon CommuThities Forward is made up from the ¢ommunitylststutory and businesslvolulltary sector representatives The process of appointing trusteesldirector$ has been set out in the Memordndum and Articles and is as follows.. The chaTity may by ordinary resolution appoint a person who is w18 to act to be tn]steeldirector and detemine thr rotation in which any additional tNsteesldireciors are to retire. No person other than a trnsteeldirector retiring by rotation may be appointed a trustccldircclor at any general meeting unless he or she is recommended for re-election by the trusteesldirecloTS, or not Icss than foulleen ntsr moTe than thirty.five clear days before the date of the meeting, the chaTity ig given a noti¢¢ that is sign¢d by a member entitled to votc at thc meeting, states the MeMbeS ini¢ntiort to propos¢ th¢ appointment of a person as a Inlec1d7rect0r, ¢OTJtains thc dctsils thal, if the person were to be appointed, th¢ ¢harity would have lo file at Companics House, and ts signed by the person who is to be pro]x)se41 to show his or her willingness to be appointed. All members who aTe entitled to receive notice of a general meeting must be given not less than seven nor more than twenty eight days ¢leaT notice of any resolution to be put to the meeting to appoint a director other than a director who is to retire by Toiation. The trusteesldirectors m&y appoint a person who is willin8 to act to be a tNsteeldire¢l(Trr. A trusteeJdirector appointed by a resoluiion of the other trustee51diTectors must let1 at the next annual generdl meeting and must not be taken into account in deterniining the ttusteesldirectors which aTe to retire by rotation. The appointment of a directOT, whether by the Charity in general meeting or by th¢ other directors, must not cause the number of directors to exceed any number fixed as tlje maximu]n number of dir¢dors. A trusteeldirector musi be a natural person aged 16 years 01 older. No olle be appointed a trusteeldirector if he or the would be disqualified from acting under the provisions of article 39. The nuTnb¢r of tTU5t¢e51dire¢tors shall be a minirnum of S but (unless otherwise deterniined by ordinary resolution) and shall b¢ subj¢ct to a maximum of 9. The rSt tTUSt¢¢sldire¢tors shall be those persons notified to Compallies House as the fitst trust¢¢sldirectors of the thariry. A trnsteeldire¢lor nY JKIt apwint an altemate trusfeeldiTeCtor OT anyone to a¢t on his or her behalf at meetings of the INsteesldirectors. OrganisationAI 5tru¢tsTe The Cymun¢dau'n Ymla¢n Mon Communiiies Fonyard lTras a Board of Directors rrTUStees of at l¢ast 5 members who meet a rninimum of four times a year and are reswnsible for the strategie direction and policy of th¢ charitable company. The Chief Exccutive OffJ¢er also sits on the Board bui has no voting rights. The Senior Managcmcnt team ar¢ re5pon5ibl¢ for the day-to4lay operational management includtng individual supervision of thc stsff icarn and al80 for ¢n8uring that the team continue to develop their skills and working pr&cticcs in line wilh good practicc. Th¢ Scnior Management team is responsible for ensuring the delivery of the services speeifi¢d and ihat kcy pcrforman¢¢ indiutoTs are mct. The Sellior Management team are line managed by Chief Ex¢cutive Officer. Page 4
CIThIUNEDAU'N YMLAEN MON cOMNITIEs FORWARD REPORT OF THE TRVSTEES FOR THE YEAR ENDED 31 MARCH 21124 STRUCTURE, GOVERNANCE AND MANAGEMENT Indu£¢knn and trilnlng of new trustees Existing tnJste¢s are already lamiliar with the practical WOTk of the clwity having been members of the charity and attended most meetin8s. All new llstees are offered r¢l¢vant and SPEcific training. Addilionally, new trusttts are invited alld encouTaged to attend training sessions to familiarise th¢m8¢1ves with the charity and th¢ context within which it operates. Trustees should luok to develop arrangements which ¢Dable pPIc from all sections of the communty to be actively involved in the selection and JEgular renewal of their rnemberskn"p. Trustees should also help to prepare, with the a5Si5t3n¢e if need be of external supp)rt organisations (e.g. the Ltsea] Auihority, th¢ County Voluntary Council) a nstitUtIon and rules of conduct for consideration and approval by the charity. TnJs¢e¢s should provide sUPPOrt (o local colljmunity OrganisationgroupS to cnable them to join the charity and Contribute to its work. Key Jnanag¢men¢ remuneratlol The r¢muneration of paid staff is set by reference to noTmS in the volwitary sector. Related parties Du¢ to the nature of the ¢harity's operations and the cotnw)sitiot) of the board of trustees it is inevitsble thai iransactions will tak¢ place with organisations in which a member may have an inrer¢st. All transactions involving organisations in which a trust¢¢ may have an interest are condu¢ted at arnj's length. The Charity has ll policy thai all trnstees must declare an inteiest if a ielated paty transaction occurs. Detiil$ of any related PaTry transactions, including trnstee remuncrati¢m, b¢ncfits and expenses are disclosed in the note5 to the accounts. The Charitable Company has a wholty owned tiading subsidiary'ynys Trdding Ltd.. Risk m#n#gement A scheme of delega(ioo is in place and day to day responsibility for th¢ provision of Ihe services rest with th¢ Chief Executive Officer and Management Team. The Chief ExUtiVe Officcr 18 resw)nsible for ensuring that the Charity d¢livers the services SCtf1¢d and that key p¢rfom)ance indicator3 Ar¢ met. The Chief Executive Officer i responsibility for the day to day operational manag¢m¢nt of the Charity. individual supervision of thc staff team and also ensuring that the ieaTn coniinue to develop their ski115 and WOTking PTactices in line with good pradi¢e. The Senior Managcment Team has conthicted a rcvicw of the eompany's policies. Where appTopriate, systems and procedures have been established to manage th¢ ¢ompany's finances. Significant cxtcrnal risks to funding will lead tr) the d¢velopmertt of a strategic plan which wtll allow for the diversification of fimding and actiysties. Internal control risks are TnÈnimised by the implementation of procedurcs for authorising of all transactions and pioject In ordtr kn fttrther ensure that th¢ risk faced by th¢ Chariry on new projects are minimised the company has adopt¢d a ncw procedure of Assumptions B&scd Risk Assessment in which ihe Scnior Manage]nent Team and Project Leads ¢aTry out a risk assessment on the prOp0d project through the assumptions made in Teltttion to the projeci and ensuring the risk of the assumptions not being are reduced thrnugh implcmcnting controls. All applications for finan¢ial resources where it is proposefj thai t]re is an impact on th¢ staffing stru¢tur¢, assets or financial resour5 of the Chariry are tsken to the Ex¢clltiv¢ Commiltee for approval prior to submission. The t$1¢¢$ have a duty to identify and rwew the risks io which the charity is ¢xpoKd and to ensure appropriate contro15 ar¢ in place to provide reasonabl¢ 05suran againsi fraud and error. Page 5
CYMUNEDAUIN YML4EN MON COMMUNITIES FORWARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 202A RKFERENCE AND ADMINISTRATIVE DETAILS Reglsttred Compsny number 08085673 (England alld Wales) Registered Charity llurnber 1148502 RegAstered office 63 Market Street Holyhead Ynys Mon LL65 IUN Trustees Mrs A Kennedy Mrs S F Williams Dr W H Roberts Mr R Jones Mr l A Hughcs Mr C A WaikinsoD (appointed 30.1.24) Company Secretary Ms E G Leathcr-Barrow Audltors Williams Denlon Cyf Chartered Certified AOnthts Statutory Auditors Gl&slyn Ffordd y PaT¢ PaTC M¢nai BangoT Gwyncdd LL57 4FE Sollcltors T R Evans Hughe$ & Co 6 Victoria ChambeTS Holyhead LL65 IUR M*nagement Personn Rita Lyon Alun Roberts Colin Lyon Cassandra JoDes Rhys Roberts Marcus G¢urtjens i¢f Ex¢wtiv¢ Offi¢er Bu5in¢5s D¢v¢lopEnent Manager Deyelopment l HR MaDag¢r Finallce Manager Delivery Manager SHEQ Manager Pag¢ 6
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES, RESPOIYSIBILITIES The trustees (who ore also the directors of Cymunedaukn Yrnla¢n Mon Communities Forward for the purposes of company law) ar¢ responsible for pieparing the Report of the Trustees and the fancial slaternents in acrordance with applicable law and United Kingdom AccountiA]g Standards (United Kingdom Generally Accepted Accounting Practice) including Financial R¢portillg Startdard 102 'The Finan¢ial Reporting Standard applicable itl the UK and Rq)ublic ef Ircland" Company law requires the thjstees to prepare financial statements for each financial year which give a trne and fair view of the Stale of affairs of the charitable company and of th¢ incoming resources and application of resources, includit)g the income and expenditure. of the ¢haritabl¢ company for that period. In preparing those financial statements, the trustees are required io Selt Suitable accouttting policies and then apply them consist¢ntly- observe the m¢thods and principles in the Charity SOBF; make judgements aud esti]Dates tbat are reasonable and prud¢nt' prepare the f1thcial slaleTnent$ on the going concern basis unless it is inappropriate to presume that the charitsbk company will CQDtiuue in bwincss. The trustees are re5wn5ible for keeping proper accounting records which disclose with r&isonabl¢ a¢CUTacy at any tim¢ the financial position of the charitable company and to enable them to ensure that the financial staternents comply with the Comp¥nie5 Act 2006. They are also responsible for safeguarding the assets of the charitablc c¢)mpany and h¢n¢c for taking reasonable steps for the prevention and dctcdion of fraud and other ittegularities. In so far as the trustce$ ate aware: there is no relevant audit inforntIon of thich the charitable companys auditors arc unawar¢' and the trusttts have taken all steps that thcy ought to have taken to make themselves awore of any relevant audit InforatiOn and to establish that thc auditors are aware of that ittfomiariotj. AUDITORS The auditors, William$ Dton Cyf, will be proposed for re-appointment at the forthcoming Annual Gtn¢ral Meeting. 2L . and signed on its b¢half by.. Approved by order of thc board of Stee5 Ort ................ Mr.% A Kennedy- T ee Page 7
REPORT OF THE IPIDEPENDENT AUDITORS TO THE MEMBERS OF CYMUNEDAU'N YIKLAEN MON COMMUNITIES FORWARD Opinion We have audit¢d th¢ f]Dary¢ial statements of Cymunedaukn Ymlaen Mon Communities Fonvgrd (the 'parent charitable ¢ornpauy'} and it5 subsidiary (th¢ group) for the year ended 31 Mah 2024 which eompri&e the S¢at¢m¢nt of Financial Activities, the B4lwn¢e Sheet, the Cash Flow Statement and notes io the finan¢ial stst¢rnent5, including a summary of Significant accowjting policies. The financia] reporting framework that has b¢¢n applied ill their prePar{On is applicable law and UDkied Kingdom Accounting Stsndards (Uftited Kingdorn Generally A¢¢ept¢d A¢counting Practice). including Financial Reporting Standard 102 The Financial Reporting Standard applicabl¢ in the UK aThJ Republic of Ireland,. In our opinion the financial statem¢nts'. give a true and fair eW of tb¢ state of the group and parent charitable companYs affaits &5 at 31 March 2024 and of it5 1cOlning resources and application of resources, including its income and expenditure, for th¢ y¢ar then ¢nd¢d- have been PToperly prepared in a¢¢ordaryce with United Kingdom Generally Accepted Accounting Practice, including FiThaucial Reporting Standard 102'The Financial Reporting Standard applicable in th¢ UK and Republic of Ircland,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We coduCted our audit in accordance with International Standards on Auditing (UK) (ISA5 IUK)) and applicabl¢ law. Our responsibiliti&s under those 5tandard5 are further described in the Auditors, responsibilities for the audil of the financial statemcnts section of our rqrt. We are independent of the group and parent charitable company in accordance with thc ¢thical requircrnents that are relevant to our audit of the financial statements in the UK, includins the FRC'S Ethical Srandard. ad we havc fulfilled our other ¢thical responsibilities in accordance with these requirements. We bclieve that the audit cvidence we havc obtsined is wffi¢ient and appropriate to provide a basis for our opinion. Conclu$lons reliting to going eoncern In auditing the financial siatcments, we have concluded that the trust¢¢s' of the going concern basis of accountllJ8 in the preparation of the finaJKial stsiements is appropTiate. Based on the work we have perfornied. we have not idcntified any mat¢rio1 uncertainties relating to events or conditions thaL indivithially or collectively, may cast signifieani doubt oft the group or par¢nt ¢haritable company's abiliry to continu¢ as a going concern for a period of at leasi twelve months from when th¢ fIn¢la[ ststements are authorised for issue. Our r¢sponsibilities and the responsibilities of the trustees wth r¢sp¢¢t to going wncern are described in the relewdDt s¢¢tions of this r¢porL Other lllffrrm#ti•n The tStee5 aTe Tesponsible for the other inforn]ation. The other infomiation eompTises the inforniation included in the Annual RepoTL other than the financial statements and our Report of the Jndependent Auditor5 ther¢on. Our opinion 0]] ihe finamctal stateTnents docs not ¢ov¢r the other InfornOn and, except to the exteTrt otherwise expliciily ststed in our report, we do not express any forni of Ossuran conclusion thereoll. In connection with our audit of the finacial stat¢m¢nls, our T¢sponsibility is to read the other inforniation an4 doing so, consider whether the other infolrnation is n)ateria]ly inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appeaTS to be materiylly misststed. If we identify such material inconsistcncies or apparent material misslatements, we are required io det¢rmin¢ wh¢th¢T this gives rise to a materiaI misstaiement in th¢ fancIal statements themselves. If, based OD the WQTk we hav¢ p¢rfom]¢d, we cOlUde thai there is a m2teri#l 111155tat¢ment of this other infom)ation, we are reqll]r to pOrt that fad. We have nothing to report in this regard. OpiDions other matters preserlbed by tIAt CompaDiei Act 21106 In our opinion, based on the work undertakeAJ in the course of the audit.. the informats.on giv¢n in the Report of the Trnstees for the financial year fw whith th¢ fjnancial statements are pr¢par¢d 1$ consistent witb th¢ financial staiements. and th¢ R¢port (Trf the Twst¢es has been prepared in accordance witb applicable l¢gal r¢quir¢m¢nts. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CYMUNEDAU'N YMLAEN MON COMMUI¥ITILS FORWARD M&tter5 on whieh we are requlr¢d to report by exeeption In th¢ light of the knowledge and understanding of the group and parent charitable wmpany and its ¢nvfftrOnMt obtain¢d in the course of ihe audiL we have not identified mateTial misstatements in the Report of the Trustees. We have nothing to reprt in respect of the following matt¢rs where the Companies Act 2006 requires us to Tq)Ort to you if. in our opinion.. adequale a¢¢ounting records have not been kept or returns adequate for our audit have not been received from bTanches not visiled by us,. or the financial ststements are not in agreement with the accounting records and rebjrns. or certain di$¢losuTes of ttU5tees' remuneration specified by law are not made. or we hav¢ not received all the infomialion and explanations we requiTe for our audit,. or the trnste¢s were not entitled to take advantage of ihf small compsnie5 exemption from thc requirement to prepare a Strategic Report or in prepating the Report of thc Trustees. Responslbilities ol trusteeg As explained more fully in the Statement of Trustees, Responsibilitic5, the trnstees (who are also the directors of the haritable company for the purposes of wmpatjy lawl arc responsible for the preparation of the fi4¢141 sratements and for being satisfjcd tbat they give a trne and fair view. and for such internal control as the tsijstees detemiine is necessary to enable the preparation of financial statemenls that are free from mat¢rial mi5sts1emenL wheiher due to fraud or error. In prcpanng the financial statements, the tte¢S arc rcsp(miible for assessing the group thd parent Charitsble cnmpany's ability to continue as a going concern, disclosing, as applicable. matters relaced io going ci)nccrn and using the going concern b&4is of accounting unless the tTU$tecs either intend to liquidate the group and part ¢haritsbl¢ company or to c¢a5c operdtions. or have no Tealistlc 01ternative but to do so. Page 9
REPORT OF THE INDEPENDENT AIJDITORS TO THE MEMBERS OF CYMUNEDAV'N YMLAEN MON COMMiJF41TIES FORWARD Our responslbll1t1 for the gudit of th¢ fin4ncial 5¢atsments Our objectives are to obtain reasonabl¢ assurance about wbether the financial siatements as a whol¢ ar¢ fr¢e from material misstatement, whether due to fraud or error, and to issue a Report of the Independeni Auditors that includes our opinion. Reasonable aSSUT3n¢¢ is a high level of assurance, but is nol a guarattttt thai an audit conducted in accordance with ISAS (UK) will always detxt a material misslatement when it exists. Misstatem¢nts can arise from fraud or error and are consid¢r¢d material if, individually or in the agwgate, they cod reasonably be expe¢ted to influence the economic decisions of useTS taken on the basis of these fmancial statements. The extent to wthich our procedures are capabl¢ of det¢¢ting iTregularitie5, including fraud is detsiled below: Based on our understandirlg of the group and parent charitable compally and the environment ill which it operates, we consideicd thc risk of tteis by the group and parent charitable company that were contrary to applicable lawy and regulations. includin8 frau(L and dcsi8ncd audit predUreS in response to this risk. We focussed on laws and regulation5 which could give rise to a n)atcrial n3isslat¢ment in the linancial ststements. in¢ludiDg, but not limited to, Companies Aci 2006 and Charilies Act 2011. Our tests ineluded.. - enquiring with maA&g¢ment of any known or suspccted irregularities, includiog fraud. evaluating the adequllcy of int¢rn&l Controls dcsigned to detect or prevent irregularities. including the risk of management override. - agreeing the amounts and diselogures in the financial statements to undcrlying Ripi)orting documentation. - testing journal entries to identify unusual transaetions. - evaluating whetber there was evidencc of rnanagcmcnt bi&$ on key judgcmcnts and accountit]g esiimates. - Teading the minutes of meeÈings of those charged with governance" and - enquiring of management as to actual orpotential litigation and claims. There are inhereni limitations in the dit predureS dcscribed &bove. The morc removed thal financial transa105 are from the laws and regulations, the less likely it is that wc would becomc awatt of non-complia¢¢. Auditing standards also limit the audit procedures required to iikntify non-compltan¢e with laws and regulations to ewuiry of tnteeS and mallagement, and th¢ insp¢¢tion of r¢guialory and Icgal corrcsp)ndence. if any. Material misststementS that axise due to fraud ¢an be harder to detect than those resulting from errors. as ftzud may involve deliberaie concealment or collusioll. A further description of our r¢sponsiTr)Alilies for the audit of the financial statements is localed on the Financial Reporting Council's websit¢ at www.fr¢.org.uklauditorSTesponsibilities. This descriptiot) fomis part of our Report of the Ind¢pendent AuditOTS. Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CIThIUNEDAU'N YMLAEN MON COMMUNITIES FORWARD Use of report This report is made solely to the group and parent chariiable company's members, as a body, in a¢cordan¢¢ with Chapter 3 of Part 16 of the Companies Act 2006. Out audit work has been undertaken so that we might state to th¢ group and parellt charitable company's members those atters wt are required to state to them in an auditors, Teport and for no other purpose. To the fvllest ¢xt¢nl perniitted by law, we do not accept or assume responsibility to anyone other than the group and pdrent charitable company al the group and parent chatitable company's members as a body, for our audit worK for this repo¢ or for the opinion¥ w¢ haye fonned. Colin Bell FCCA (Senior statOry A for and on behalf of Williams Denton Cyf Chartered Certitied Accountants Statutory Auditors Glaslyn Ffordd y Parc Parc Meuai Bangor Gw¢dd LL57 4FE 2oUr Pag¢ 11
CYNfUNEDAU'N YMLAEN MON COMMUNITIES FORWARD STATEMENT OF CONSOLIDATED FINANCIAL ACTIVITIES UNCORPORATITrIG AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl 2023 Totsl funds Unrestricted fuT]d5 Restricted Notes INCOME AND ENDOWMENTS FROM Donations Ind l¢ga¢ies 167 Charitsble Aetlvfitles Commut]ity regeneratiofy employnwit SllPPOrt and training 3,47112(K 3,470,2 2.966.310 Other trading auivities 213 736 213 736 145 550 Ttst*l 213 736 3.470.21KI 3 112027 EXPENDITURE ON Raising fvnds 2S,920 25,920 14,917 Charltsble aetlvltles Ci)mmuniry regeneratio ernploymeDt support and training 99J68 2,163,669 2,263.037 2,234,509 To¢ 133 679 2.444.060 Net 8ainsl(losses) on investm¢nts 69 653 663,951) 733,604) NET INCOME TraDSfers between funds 10,402 642J79 135 135 544 44) 652,981 667,967 21 Ne¢ movement In fud$ A45,946 $07,035 652.981 667,967 RECONCILIATION OF FUNDS Total fvnds brought forward 697,S51 1,535,762 2233J13 1,565,346 TOTAL FUNDS CARRIED FORWARD 2.IM2.797 2 886 294 2233 313 The notes fomi part of the finan¢ial statm¢nts Page 12
CYMUNEDAU'N YMLAEN MOI4 COMMUNfrIES FORWARD CONSOLIDATED BALANCE SHKET 31 MARCH 2024 21124 Total funds 2023 Total ffijnds Unrestrict¢d funds Restricted fund6 Notes FIXED ASSETS Tangiblc assets Investment propety 185,284 481,814 427.044 612J28 1.155 807 677.411 418,473 067,IVJ8 1.101,1137 1,76&135 1,095,884 CURRENT ASSETS Debtors Cash at bank and in hand 15 208,652 722,860 931,512 801 352 617 72 264,381 1076 936 657,407 1,075,477 1,732,884 1,341,317 CREDITORS Alnounts fallin8 due within one year 16 (263,800) 1133,717) (397A17) {77,4781 F4ET CVRRENT A&SETS 3SJ67 1263 839 TOTAL ASSETS LESS CURRENT LIABILITIES ,060,7115 2.042,797 3,103502 2,359.723 CREDITORS Amounts falling due after more than one year 17 (217,208) {217208) {126,410) NET ASSETS 843,497 2,042,797 2,881294 2,233,313 FUNDS Unresirictcd n5 Restricted funds 21 843,497 2 042 797 697,551 1535 762 TOTAL FUNDS 2 886 294 2233313 These fman¢ial stat¢ments have been prepared in accordance with th¢ provisioDS t4pplicable lo charitable eompani&% subjeci to the small CoPaleS regime. cia] steMents were approved by the Board of Tntstees and authoris¢d foT issue on .ts.ts....... and were signed on its behalf by: Mr I A Hu8hes- Trus1¢¢ dy- TDJSte¢ notes forni part of these fityancial sthiements Page 13 ¢ontinued...
CIWIUNEDAU'N YMLAEN MON COMMUNITILS FORWARD CHARITABLE COMPANY BALAL¥CE SHEET 31 MARCH 2024 2024 TDt*l funds 2023 Total fidS Unr¢$tricted fund5 Restricted funds Notes FIXED ASSETS Tangible assets Investments Invcsm]ents Inveslment PTOPCrty 13 185284 427,044 612a28 677,411 14 14 481,814 673,993 1.155,807 418,473 667,099 1,101,1137 1,76&136 1,095.885 CURREiYf ASSETS Dcbtors Cash at bank and in knd 15 213,652 410,952 722,860 352,617 93&S12 76Y,56Y 264,353 1.071,883 630,604 1,075.477 1,706,081 1.336,236 CREDITORS Arnounts falling due within onc year 16 {23(293) (133,717) (37O,01(1) (71.714) NET CURRENT ASSETS 394Jll 3&071 1264 522 TOTAL ASSETS LESS CURREiYr LIABILITIES 1,061,410 2,042,797 3,IIMJ07 2,360,407 CREDITORS Amounts falling due aftermore than one y¢aT 17 {217208) (217208) (126,410) NET ASSETS 2,IM2 797 999 2233.997 Unrestricted fijnds Restricted fjjnds 844202 1042.797 698.235 1.535.762 TOTAL FUNDS 2,233,997 These fanCIal statements have been prepared in aceordance with the provisions appli¢able lo charirable companies subject to th¢ small Companies regime. The filiancal 5tat¢ments were approved by the Board of Trnsttts and authorised for issue on . and were signed on its behalf by.. Mr l A Hughes- Trustce nnedy- TTUStee The notes forni part of th¢se finan¢] $tstments Pag¢ 14
CYMUNEDAUW YML4EN MON COMMUNITIES FORWARD CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 21)24 2023 Notes Cash IIow5 from opertln% attivities Cash g¢n¢rdted from operats.ons Interest paid ,059,263 7.973 951,990 Net cash PTovid¢d by (TrpeTating activities 1051290 Casb flows from Investing adiildes Purchase of tangible fixed assets Purchase of inv¢stm¢nt propeTty {8J91) 1408 938 (34,744) 82,957 Net cath used in investing &¢tivitie8 IA17J29 117701 C#$b flows frDtD fithnelD8 #etlvltle5 New loans in year Loan r¢p?yment5 in year 100.000 9.52SI Net cash provided by/lused in) financing activities Change in clskn and ¢8$h tqllfv&lettts fin the reportlng period Cash and cash equTv4lents at tbe beginning of the reportlng perlod (275JfA) 818,211 1076936 258,725 C#$h #nd cash equivAlettts ¥t th¢ end of tbe reporting peTiod 801 1.076,936 The notes forn) part of th¢ financial statements Pag¢ 15
cyNEDAUYN YMLAEN MON COMMUNITIES FORWARD NOTES TO TFtE CONSOLJDATED CASH FLOW STATEMENr FOR THE YEAR ENDED 31 MARCH 21124 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEK4TING ACTIVITIES 2024 2023 N¢t incorne for the reporting period {as per the Sts¢ement of Financial A£tiviti¢s) AdJustrneDts for: Depreciati¢)n ¢harges Losses on inve8¢m¢nt$ Interest paid lrnpainnenl of assets Oncrewydecrease in debtors Increasel(decrease} in creditOTS 652,981 667,967 3,083 733.604 7973 8,391 (667,131) 320.362 3,170 6,107 194,634 165,799 Net Cash provided by operatloDS 63 951.990 ANALYSIS OF CHANGES IN NET FUIYDS At 1.4.23 C&th l]ow At 3JJ.24 Net cash Cash at bank and in halld 1.07&936 275 564) 801,372 936 275 801372 Debt Debts falling due within l year Debts falling thie aft l year (11.075) 126AI 323 {10.752) 217.2081 1374851 227960) Totsl 939 451 36 039 573 412 Th¢ not¢s forni port of th¢s¢ financial stst¢m¢nts Page 16
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD OTES TO THE CONSOLIDATED FII¥ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICtES Basis of preparlng the flnanci815tstem)ents The financial statements of the charitable cornpally, whj'th is a public benefit entity under FRS 102, have been prep4Lred in a¢¢ordance with the ChaTiti¢$ SORP (FRS 102) 'Arcounting and Reporting by Charitie5'. Statement of R¢Coended Prdciice applicable to charities piepatillg their a¢counts in o¢cordancc with the Fsnancial Reporting Stsndard applicabl¢ in the UK and Republic of Ireland {fRS 102) {effe£tive l January 2019}'. Financial Reporting S¢andard 102 'The Financial R¢portTng Standard applicablc in the UK and Republic of Irelattd, amd the Companies Act 2006. The financial statements have been prtpartd under the historical c05t convention. Prep•ratfion of the financial 5t8t¢m¢nts %oitt% eoncern bASiS The charitable COMpanS survival is largely dependent on funding for government, Ial auihorities other grdnl making or8anisations. The financial statetnents have b¢en prepared on the assumpti(Trn that adequate funding will be available in the trITe and therefore the trustees consider it appropnate to prepare the finoncial $t3t¢ments on a going concem basis. Income from grants and contracts, fees and rents.. including Capital grants, 1$ recOlScd once the ¢h4rity has entitlement to the in¢om¢, it is probablc that the income will be received and the arnount of incorne receivable can be measurcd rcliably except for.. When it is specified that incom¢ from gT8nts and contracts e1Ved by the chaTitable COMpY are to be used in furnre periods, then the incimc li deferred until that period. When Conditions are imw>sed which have to be lfIll before the ¢haritable compally become$ entitled to use such income, the in¢ome is dcfcTred and not included in incoming reSOUTC¢S until the pr¢-conditions for use Ive been mei. When specified, in¢oTn¢ including capithl grants. is for a particular r¢stricted puTrose, which does not amouni to preknconditions r¢8arding entitlement, this income 15 in¢lud¢d in i]Jcoming resources of restricted funds when receivable. Donations aTC recoyiised when the charity ha5 been notified in writing of boih the amolmi and settlement date. In the event that a donatioT] is gubject to Conditions that require a l¢vel ot. perf0Mnce before the charity is entitl¢d to th¢ fillkd$, the income is deferred and not r¢co8ni5ed unlil those conditions are met. Expendlture Liabilities are reColSed as expenditure as soon as there is a legal or ¢onslructtve obligation committing the ¢harity to thar expenditure, it is probable that a transfer of economic b¢nefits will be required in 5cttlement and the amount of the obligation ¢an be measured reliably. Expenditure is aOnt for on an accruals basis and has b¢en classified under headings that a8gtegate all ¢ost related to th¢ cat¢gory. Where costs cannot be directly attrsbuted to particulai headings they have bccn allocated to activities on a b&4is consistent with the use of resources. Ailoca¢lon and apportiontnent of costs Certain ¢xpendiLure is directly attributable to SlfIe activities at)d beell included in those cost categories. Certaitl oth¢r Costs, which are attributsble lo more than one activity. are ¥pportioncd across cosi ¢at¢gories on th¢ basis of an estimate of the pioEK)rtion of tim¢ sp¢nt by stsff ot) those activities or estin)ated usage. Pe 17 continued...
CYMUNEDAU'N YMLAEf4 MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINAI¥CIAL STATEMENTS- ¢ODtiDued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - ¢omtlttu¢d Tangible fixed w$s¢ts Depreciation is provid¢d at th¢ following annual rdtes in order to write off each dsset over ils ¢stinwtl useful life. Tanglble fixed *ssets Freehold PTopety Plant and machinery Motor vehiclcs Computer equiprnent n(Trt provided 25 /0 on cost 2510 on reducing b4lanc¢ 25/v on ¢osl Individual a55et5 Costing le55 thath £l,IKK) ar¢ included in the Statement of Financial Activilies in the y¢ar that they are incutTed. Individual assets gr¢at¢r thall £l.000 are included in the balance sheet at cost and ar¢ depreciated as above. Freehold propety 15 Teviewed for impainnent eath year by the Trnstees. Investments Investment property ig shown at most recent valuation. Any aggregate surplw or deficit arising from change5 in market value is rccognised in the $tatCTnent of financial activities. Thc propcty is reviewed for impairrnent cach year by the trustees. Inve5tm¢nts in the subsidiary company are stated in the accounts of the parent company at cost. T4xi¢lon The charity 15 exempt from corporation tax on its charitablc activitie5. Unr¢stri¢t¢d fvnds ¢gn be used in accordance with the eharirable objectives at th¢ dis¢retion of the tTUStees. Restri¢frd funds can only be used for particular restricted purposcs within the objects of the Charity. R¢stri¢tions arise when specified by the donoror when fund5 arc rdised for particular restricted pwposes. Further explanation of th¢ naftjre Jnd pUose of each fund is included in the notes io ih¢ financial $tat¢ments. RelAted partie4 Due to the nabjre of the clwity's (Trperalions and composition of the board of ttustees it is incvitable that transactions will take place with organisations in which a member may have an inieresi. All transadions involving organisatioJ]s in which s ttusttt may have an int¢rest are conducted at arn]'s length. The Charsty has a policy that all tneS musi deelare an interest if a related paty transaction o¢aws. CoTrsolldatlon The financial statements consolidate th¢ results of th¢ ¢haTitable company and its wholly owned subsidiary Ynys Trading Limited on a line4)y-line basis. A separate Stst¢ment of Financial Activities and tncome and Expenditure Account for the charltsble compally ha5 noi b¢en pres¢Ut¢d because the charitable company bas tsk¢n advantage of the exemption afforded by section 408 of th¢ Collwani¢s Act 2006. L¢4¥ing commltrnent5 Rentals paid under operating leases are charged the Statement of Finan¢ial Activities on a slTaight line basis ov¢r the period of the lease. Pag¢ 18 continu¢d...
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CoNSOLATED FINANCIAL STATE,MENTS- ¢oDtltt¢d VOR THE YEAR EP4DED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations 167 OTHER TRADING ACTIVITIES 2024 2023 Rental income Oth¢r income Trading subsidiary 44,599 111.085 159052 33.941 38.274 73.335 145 550 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 A¢tivity Community regeneration. employment support and training Grants athd contracts 3,47112IMI 2.966,310 Grants and contracts received, inrluded iD the aknve, are as follows- 2024 2023 C4)mmunities For Work (Welsh GovcTDm¢nt) People Healih Tr$1 Active inclusion (Welsh Europ¢an Funding Office) Communities for Work Plus (Welsh Government) Community Facility & A¢tiviti¢s ProgATn (Welsh Govcmm¢nt) ESF (Welsh Europ¢an Funding OffLee} Legacy (Welsh Gov¢rnment) Kicksiart (DWP) Employer Inc¢ntive CCG National Iwelsh Govcrnrnent) CRF Employment Support (Ynys Mon County Council) S¢lf Employment (Ynys Mim County Coun¢ill Place Making Grant (Ythys Mon County Council) Ser¢0 {DWP) Young Person's GuaT8niee Funding ( Welsh GovetrLtn¢llt) Lcvclling up fulld (UK Government) Shared PTh)sperity Fund (UK Government) 109,354 125,93Q 452,765 224,329 278.000 366.030 130.046 48.295 2.000 96.400 213,843 179,931 731,518 236,215 35,000 298.379 438,121 158,505 142,761 1,057,420 J 063 363 3 470 200 2 966310 Page 19 continued...
CYMUNEDAU'N YMLAEN MON COMMiJNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENfs- conthued FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNDS Other trading a¢tlvl¢ies 2024 2023 Rcntal expcnses Trading subsidiary 94 3,517 CHARITABLE ACTIVITIES COSIS Support costs (see ote 71 Direct Costs Totals Community regeneration, employment pport al training 12 250012 25 2263,037 SUPPORT COSTS Governan¢c ¢osts Community regeneration, emplo)rynent support alld trnining 12.22S OTHER 2024 2023 Impaim)ent losses 194 634 NET INCOMEIIEXPENDITURE) Net incomel(expellditur¢} is stated after Char81(CredItIng)- 2024 2023 AuditOTS' rcn]uneratio Audittsrs, ren]uneration for non 8udit work Depre¢iatJon- owned a55ets 7,1111 6.900 3.083 6,540 6.450 Page 20 continued...
CYMUNLDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 io. TRUSTEKS, REMUNERA TION AND BENEFJTS Th¢r¢ were no tnwte¢s' r¢muneration or other benefits for the yr ended 31 MaTrh 2024 nor foT tILe year ended 31 MaTch 2023. Trustees expenses There were no tnees, expenses paid for ihe year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 31J.24 31.3.23 Wages and salaries Social security costs Other pension costs 1532,182 1,434.351 141.054 124,704 54,liO 47,995 1727.346 1,607 050 The average monthly numbcr of full time equivaleDt ¢JIlOYeeS duTillg the year was as follows.. 31J.24 31J.Z3 1.00 3J3 4.00 2.00 25.58 Chief Executive Officer Development Financc Trainers Mcntory Youth Administration ApprenticesfTrainees 2.83 24.58 0.0 5.00 4.33 1.75 42.49 43.82 The nwnber of employe¢s whose ¢mployment benefits (excludlng employers pension costs) exceeded £60,000 31.324 31.3.23 £60.1)01- £70,000 £70,IM)1- £80,000 The charity coDsiders its key management persom)el comprise the Trustees, Chief Executive Officer, Business Ikvelopment Manager, Drvelopmenl Monas¢r, D¢livery Mattager, Finance Manager and SHEQ Manager. Total ¢moluments. including employer pension contributions, of th¢ kcy management personnel were £316.259 (2023 - £282,066) The chaTity operates a defined contiibution pension s¢b¢m¢ for its ¢mploy¢¢s and ih¢ charity ma0¢ pension contributious for 48 (2023 - 44) $taff members . Page21 continued...
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- contiDueil FOR THE YEAR ENDED 31 MARCH 21124 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted Tothl fund5 INCOME AND ENDOWMENTS FROM DoJ]ations and legacies 167 167 ChArlt*ble a¢tivitles Community regeneraiion, employment supw)rt and training 2.964,310 1966,310 Other trading activiti¢s 145,550 145 550 Totsl 147717 2 964 307 3 112027 KXPENDITURE ON Rai%ing ndS 14,917 14.917 Chthrltable artlvlties Community rcgcnerdiion. employment support and training 81,047 2.153.462 2,234,509 Other 167 634 194634 Total 263 $98 2 180462 2 444 060 NET INCOMEI(EXPENDITURE) Transfers betsyeen flld$ (115.878) 165399 783.845 1165,399) 667.967 Net movement In funds 49.521 618,446 667967 RECONCILIATION OF FUTrIDS Total funds broughi forward 648.030 917J16 1.56S.346 TOTAL FUNDS CARRIED FORWARD 697551 1535 762 2 233 313 Pag¢ 22 continued...
CITrIUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE COI¥SOLIDATED FINANCIAL STATEMENTS- CODtinwed FOR THE YEAR ENDED 31 MARCH 2024 13. TANGIBLE FIXED ASSETS Group and eharftable eompany Freehold properry Plant and machinery Motor vchiclcs Computer equipment Totals COST OR VALUATION At l April 2023 Additions Re¢lassifscation 673.540 8J91 62.000 73,038 10,500 11.984 769.062 8,391 62.lJOO At 31 March 2024 019 931 iu,soo 11,984 715.453 DEPRECIATION Ar l April 2023 Charge for year ljnpairtnents 70218 2,820 9,449 263 11,984 91.651 3,083 At 31 Mah 2024 8.391 11.984 103.125 NET BOOK VALUE At 31 March 21)24 612.328 At 31 March 2023 673.540 677411 Cosl or valuatlOD at 31 March 2024 is represented by. Frtthold property Plant and rnachinery Motor vehleles Compuler equipment Tota15 Valuati(m in 2019 Valuation in 2020 ValuatlOA in 2021 Valuation in 2022 Valuatiorl in 2023 Valuation in 2024 Cost {203090) (50,000) {22,066) (73,631) (194,634) {8J91) ,172O43 1203.890) (50,000) (22,0601 (73,631) {194,6341 (&391) 1368,065 73,038 iojoo 11,984 619,931 73,038 IJO 11,984 715,453 Included within frc¢hold properry are four buildings. 63 MaJ*et Strcct, Holyhead, was valued at Diarket Yalu¢ (£250,000) on 28th November 2019 by Jones Peckover Eslate Agents who are independent of the charity. The Tru51e¢s are of the opinion that there has been no further impairnient in th¢ year to 31 March 2024. 61 Market Street. Holyhead. was valued at markel value (£201.540) on 16th October 2020 by Jones Peekover Estat¢ Ag¢nts who are itidependent of the ¢harity. Th¢ TrLLslees are of the opitiion that there has been no fiuther impalTmI in the year to 31 March 2024. 17-21 Salem Stree( Amlwth, w&5 valu¢d at urket value (£160,000) on 7th November 2022 by Jones Peckover Estate Agents who are ind¢pend¢nr o( ¢be charity. An unpairnient has been re¢ognis¢d in this y¢2rs a¢Unts to r¢duce the carrying value to that of Drket value. Thc Tntslees are of the opinion that no fvrth¢r impwrm¢nts Sre r¢ouired. Page 23 ¢onlinued...
CYMUNEDAU'IY YMLAEP4 MON COMMUNITIES FORWèlRD NOTES TO THE CONSOLIDATED FINATr4CIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 21124 13. TANGIBLE FIXED ASSETS- eontinued Included in fr¢ehold property are 2 buildings from where the charity carry out their opcrations but also commercially l¢t part of the building to ihird parties. It is not possible to split the valuation foT the comrnercial element of the buildings and as such the whole value is held in freehold PTopety- 14. INVESTMENT PROPERTY Group charitable company COST OR FAIR VALUE At l April 2023 Additions Impaim)ents Reclassification 418,473 1,408.938 (733.604) 62,0011 At 31 Mareh 2024 1.155 807 NET BOOK VALUE Ai 31 Mawh 2024 1155 807 At 31 March 2023 418473 Included within investment properties are five freehold prop¢rti¢s. Bryn Annex was valued at matket value (£52,000) OD 12 October 2021 by Jon¢s P¢¢kover Estate Agents who are Jndependent of the chaTity. The TtU5tees are of the opiDion that ther¢ has b¢en no further impairn)ent in the year to 31 March 2024. Cybi Building was revalued at market Value (£167,500) on 16 February 2022 by Jon¢$ Peckover Estate Agents who ar¢ indcpcndcnt of the charity. The Tntstees are of the opinion that thcr¢ ha5 IKen no further impairment in the year to 31 March 2024. GaTages are valued at cost (£4.324} which the Trustees are ofthe opinion 15 their fair valu¢. The Stanley Street propcrtics wcrc purchased in Febnwy 2022 with a view to a complete refurbishment and the net book va¢ in these accounts rcprcscnts the original acquisition costs with any refurbishment ¢08ts being written off in the year thai they arc undertskcn. which in the opinion of the Trustees is fair. Once the refurbishmeni has taken place a forn)al valuaiiotj will be undertaken. 4 Market Buildingg, Holyhe•d. was purchased in Avgust 2021 and is held in thc accounts &$ at 31 Mareh 2024 at mark¢t value (£62,(K)O) as valued on 7th November 2022 by Joncs Pcckover Estate Agents who arc independent to the ¢harity. The Tnthe8 are of the opinion that tbere has been no further impaimieni in thc ycar ts) 31 March 2024. The HSBC Buildingg prorry was pur¢has¢d in May 2023 with a view to a complete refurbishment and the net book value in these arcoullts T¢pt$ th¢ original acquisition costs with any refuTbishment costs bcing written off in the yeaT that they are ulldutak¢n. whith in th¢ opinion of the TTUStee5 is fair. Once the refud)ishment h8S taken place a fomial valuatign will b¢ uud¢rtaken. The Centtal Buildings pTop¢rty was purchu¢d in August 2023 with a view to a complete refurbishment and the net book value in these ar¢ounts r¢pr¢g¢nts the original acquisition Costs WLth ally refurbishment costs being ryiiien off in the year that they aT¢ und¢rtak¢n, which in the opinion of the Tne¢S is fair. Once the re[bIShment has thken place a fornthl valuation WRII b¢ und¢rtak¢n. Pag¢ 24 conlitiued...
CYNIUNEDAUIN YMLAEN MON COMMUNITIES FORWARD NOTES TO THE C0Tr4SOLIDATED FIP4ANCIAL STA TEMEiwfs- eontinued FOR THE YEAR ENDED 31 MARCH 2024 14. INVESTMENT PROPERTY- continued The 24 Markei Strect properties were purchased in Mar¢h 2024 with a view to a complete refvrbishmen1 and the net book value in thes¢ accounts represents the original acquisition w5ts with any refurbishment eosts bcing WTittell off in the ycar that they are undertaken, which in the opinion of the Tnjstees is fait. Onct the refurbishment has taken placc a f¢)Tmal Yaluation will be undertaken. Fair value at 31 March 2024 is rcpreseAted by.. Valuation in 2019 Valuation in 2021 Valuation in 2022 Valuation in 2024 Cost 605 6,1100 27,500 {733.604) 55 FIXED ASSET INVESTMENTS Charltable iompany obly Ar cost 31J.24 31.3.23 l(K)% ordinary share Capital of Ynys Trading Lid Ynys Trading Ltd is registered in England and Wales 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group ritaHe cOmpY 31J24 31.3.23 31324 31.3.23 Debtors Otherdebtors Prepaynrnis AnDunt5 owed by group undertaking$ 925952 SS60 264301 936512 263,419 854 12 264.353 931512 264,381 936 16. CREDrroRS: AMOVNTS FALLING DUE WITHIN OI¥E YEAR Group 31.3.24 31.3.23 Cha]ItaNe 31.3.24 31.3.23 Bank loans and ov¢rdraftg (see note 18) Creditors VAT Ottr creditors AccrLHIs Deferred i0 10,752 6,958 2115,359 2.016 147,952 24,480 397J17 11,075 10,752 961 204,415 2,1116 145,823 11,075 3,936 59,553 2,914 3,432 57, 154 53 71,714 3711,01 Page 25 continued...
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 17. CREDrroRS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Gr•up and charit*ble eompany 2024 2023 Bank loans (see note 18) 217 208 126.410 18. LOANS An analysis of ih¢ matiuity of loyns is given below: 2024 2023 Aniounts falling due within one yeaT OD devtwid.. Bank loans Amounts falling between onc and hvo years: Bank loans- 1-2 years Amounts falling du¢ between Iwo and five yeaTS: BaDk loans- 2-5 years 33,225 Amounts falling due in moT¢ than fiv¢ y¢ars'. Repayable by iugtsltets'. Bank loans more 5 yr by instal 182,711 82.110 19. LEASING AGREEMENTS Group and elLArit#ble eompatty Minimum lease payments under non-callcellable operdting leas¢s fall due as follows- 2024 2023 Wilhin on¢ y¢ar Betwc¢n onc and fJv¢ years 22221 29 17.481 211. SECURED DEBTS The followin8 secured debts are in¢]ud¢d within ¢T¢ditors: 2024 2023 Bank loans 227,96(1 137,485 Naiwest Bank PIC have a fixed ¢haTg¢ ovet the Properties and a floetlng ¢harg¢ over the remaining 8ss¢ls of the company as secutity for tbe bank loan. Welsh Governent aDd Ynys Mon cOty Council have fjxed charges ov¢r the proNties 05 S¢CUtity foT grants awarded to the charity. Pag¢ 26 ntinued...
CTrNUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 IURCH 2024 21. MOVEMENT IN FUNDS Group ¢h4ritsble eomp8lly N¢t Transfers between funds rnovement in fiwds Ai 31.3.24 At 1.4.23 Unrestricted funds General fund Designated Fix¢d Asset - Cybi Buildin8 Designated Fund- Conting¢ncy Designated Fix¢d Asset - 61 Market Street Designated Fixed Asset - 9 Sianley Street Designated Fixed Asset - 12114 Stanley Street Designated Fixed Asset - Central Buildings Designaled Fixed Ass¢t - HSBC Builditigs Designated Fixed Ass¢ts- 24 Market Street 150.063 98,803 262.562 118.677 29,022 83,677 {9,fJ521 5,880 60,718 5,085 (15,7011) 224.688 104.683 323,280 120,141 2,182 {3,621> {11,140) 15,553 11.156 11.715 {1,958 {427) {56,129) 111,927) {9,915) 1118,970 1,668 814 64,556 697.551 IOA02 135,544 843,497 Restrlrted fuDd5 Fixed assets Fixed assets (Plas Cybi) People Health Trust Fixed Asset - 63 M)rk¢t Street Communities for WoTk Plus A.050 56J24 37.605 250,IKIO (203) 787 56J24 {23,515) 114,090) 250,000 IlJ39 IlJ39 33,432 (5,782) ESF 88,022 15,828 160,IV)O 16,894 350,213 62,1100 75,787 117,322 288,736 15,981 {121,454) Moondance Fixed A5sets- Salem Street Fixed Asset$- 61 Market Strttt Serco R¢start SCh¢t Fixed A55¢ts- 4 Market Buildings Fixed Ass¢l- 12114 Stanley Street Fixed Asset- 9 Stanley Street Fixed Ass¢st- Central Buildings FiY¢d A55¢t$- HSBC Buildin8S Mu]tiply SPF Business Support SPF Employrnent Support Fixed Assets- 24 Market Street 10,046 160,IMO 16.256 452252 02,000 55,548 84,703 465,597 285.446 16,192 41,609 39,698 (638) 102,1139 (20,239) (32,619) 176,861 269,465 16.192 41.61VJ 3Y,698 35,0110 1.535.762 J35 44 2 042.797 TOTAL FUNDS 2 886 294 Pag¢ 27 continucd...
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUM)S- continued Group and eharffitable c•mpany Net Anovement in fuD(L8. iDcluded in the above ar¢ ag follows: Incomit)g resources Resources exp¢nded Gains and losses Movement in ttds Unrestrleted funds General fjjnd Designated Fixed Asset- 61 Market Street Designated Fixed Asset- 9 Stattley Street Designaied Fixed Asset- 12114 Startley Street Designaied Fixed Asset- Central Buildin8S Designaied Fixed Asset- HSBC Buildings Stena 16&079 (82,4021 {3.621} 83,677 {3,621) (11,140) (11,140) (1,958) {427) (56,1241) {lJ58) (427) (56,129) 47,656 213.734 {133.679} (69.653) 10,402 Restrlded fund$ Fixed assets People Health frnst Communitie5 for Work Plus ESF Moondanee Fixed Assets- 61 Markct Strect ScrcTr Restart Scheme Fixcd Asset- 12114 Stanley Street Fixcd Assei- 9 Stanley Street Fixcd Assest- Central Buildings Fixed Assets- HSBC Buildings Multiply SPF Busincss Support SPF Employment Support Fixed Assets- 24 Market Street (263) (71.818) 1720,178) {202.783) (5.782) (638) {196J39) (263) (23JlS} IlJ39 33,432 (5,782) (638) 102,039 (20,239) (32,619) 176,861 269,465 16,192 41,609 39,698 48,303 731,517 236,215 298J78 24,731 193,762 321,269 517,657 121,914 505,948 375,503 (44.970) (226J8J} (144AIJ81 (248,192} (J05,722) (524J39} (335I05} 3 470 199 2 163.669 663 642 TOTAL FUNDS 2297J48 733.604 652 3.683.933 81 Page 28 continued...
CYMiJI¥EDAU'N YMLAEN MON Com[UNITIEs FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- tondnued FOR THE YEAR KNDED 31 MARCH 2024 21. MOVEMENf IN FUNDS_ continued Group Ind cb4rttabl¢ ¢ompny Comparatlves for movement in fuDds Nct movement in funtLs Transfers At 31.3.23 At 1.4.22 funds Unre%trleted funds Geueral fund D&%ignated Fixed Asset- Cybi Building Duignated Fund- Contingency Designated Fixed Asset- 61 Market Street De5iBnated Fixed Assct- 9 Stanley Street Designated Fixed Asset- Salem StTect Designated Fixed Asset- 12114 Stanley Stieet Designated Fixed Asset- C¢ntral Buildings D&iEnatcd Fixcd Asset- HSBC Buildings 152,597 93,117 118,227 116.574 22.149 132,890 53.938 (56.472) 5,686 144,335 4,285 6,873 34,744 150,063 98,803 262,562 118,677 29,022 {2,182) (167.634) 12,476 3,077 11.156 11.715 15.553 11,156 11,715 648,030 (115,878) 165,399 697.551 Restricted funds Magnox Fixed assets Fixed assets (Plas Cybi) People Health Tnt Communities For WoTk Active Inclusion Fixed Asset- 63 MaTket Str¢¢t Communities for WoTk Plus Community Facility & Aeiivities Proarn Ovelsh Government) ESF Waterloo in Work Driving Communities for Work Plus - Covid Kickstart Moondanc¢ Fixed Assets- Salem Sttttt Fixcd Assets- 61 Market Street CRF Employmeni Suppon S¢rco Restart SChee Fixed Assets- 4 Marke¢ Buildings Fixed Asset- 12114 Stanley Str¢et Fixed Assei- 9 Stsnley Street L¢velling up fi)nd Fixed Assest- Ceniral Buildings Fixed Assets- HSBC Buildin85 15.221 1.401 56.324 6,526 {15.221) (351) 1.050 56,324 37,605 36,479 6,811 71.933 (5,400) (6.811) (71.933) 250,000 250.000 (80} 80 278.(K>O 66.698 (3,700) {190} (4.509} {415} (27,000} (639} 15.592 202,457 {278.000) 21,324 3,700 88.022 190 (49,409) 53.918 16,243 187.000 17,533 1,303 147,756 62,000 29,037 48,030 15,828 160,000 16,894 (16.895) 350,213 62,000 75,787 117,322 46.750 69,293 (142,760) 288.736 15.981 142,760 288,736 917,316 783,845 1535 762 TOTAL FUNDS 1.565,346 667,967 2233,313 Page 29 continucd...
CYMUNEDAU'N YMLAEN MON COMMUNrriES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT JN FUNDS- continued Group and eharitable company Comparative net movement in funds, in¢lud¢d in the above aT¢ as follows: Incoming resources Resources expended Movement ID lld8 Uthrts¢rleted funds Gcncral fund Designatcd Fixcd Asset- 61 Market Strcct Designaicd Fixcd A5t- Salem Street 147.721 (93,783) {2,182) 167,634 53.938 (2.182) 167.634) 147,720 (263,598) (115,878) Rc5tr1rted funds Fixed assets People Health Tnt Communities For Work Active Inclusion Communities for Work Plus Community Facility & Activities Program (Welsh Government} ESF Legacy Waterloo in Work Driving Communities for Work Plus - Covid Kickstart Moondance Fixed A8sets- Salem Street Fixed Assets- 61 Market Strttt CCG National - C4W+ & Legacy CRF Employm¢nt Support CRF Self Employment Support Scrco Restart Scheme Fixcd Asset- 9 Stanley Street Young Pcrson's Guaranlee Funding Lcvelling up fund (351) 189,450) 1102,543) 1380,832) 1224,409) (3511 36,479 6,811 71,933 (80) 125,929 109,354 452,765 224,329 278,000 366,031 130,046 278.000 66,698 {299,333) {130,046) (3,7(K)) (190) (52,804) (415) (27,000) (639) (96,400) (198,251) (179,931) (235,664) (3,71XII (190) 14,509) (415) {27,000) (639) 48,295 96,4 213,843 179,931 438,121 15,592 202,457 158,505 142 760 (158,505) 2 180462) TOTAL FUNDS 3112027 12 444 060 Page 30 continued...
CYMLll¥EDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMEp¥fs- contiDued FOR THE YEAR KNDED 31 MARCH 2024 2]. MOVEMENT IN FUNDS- ¢OD¢iDued Charitable company ottly Nct movement ID fund8 Trdnsfcrs between fun(L8 At 31.3.24 At 1.4.23 UDrestricted fvnds Gen¢rai fund D¢signated Fixed Asset- Cybi Building Designated Fund- Contingcncy Designated Fixed Asset - 61 Market Street Designated Fixed Asset- 9 Stanley Street Designated Fix¢d Asset- 12114 Stanley Sircct Designated Fi%¢d Ass¢t- Central Buildings Designated Fixed Asset- HSBC Building Designated Fixed Ass¢t8- 24 Market Street 1SlJ,747 98003 262362 118,677 29,1122 83,698 (9,052) 5,8811 60,718 5,085 (15,700) 225,393 IIH.683 323,2811 120,141 1182 (3,621) {11,140) 15153 AI,156 11,715 (1,958) (427) 156,129) (11,927) (9,915) JO8,970 1,668 814 04,556 698235 JO,423 135,544 844,202 Restricted fvnds Fixed assets Fixed &%sets {Plas Cybi) Pe(Jple Health Tn)si Fixed asset- 63 Market Strcct Communities for Work Plus ESF Moondance Fixed Ass¢t8- Salcm Street Fixed Assets- 61 Mark¢t Stre¢t Sercn Restart Seheme Fix¢d AsS¢t$- 4 Mark¢t Buildings Fixed Ass¢l- 12114 Stanl¢y Stre¢t Fixed A5S¢t- 9 Stanl¢y Street Fixed Ass¢¢- C¢ntrdl Buildings Fixed Ass¢t- HSBC Building Multiply SPF Business Support SPF Employment Support Fixed Asset- 2-4 Maiket Street 1.050 56J24 37,605 2SO.000 (263) 787 5fi324 {23JlS) (14,090 250,00 11,339 IlJ39 33,432 15.782) 88.022 IS,828 160.000 16.894 350,213 62,000 75,787 117J22 288.736 15,981 112JA54) 10,046 160,000 16,256 452,252 62,00 55,548 84,703 405,597 285,446 16.192 41.609 39.698 (638) 102,1139 (20239) (32,619) 176,861 269,465 16,192 41,609 39.698 1535 762 135 642 $79 4} TOTAL FUNDS 33 7 653 0112 Page31 continued...
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- eontlnued FOR ThE YEAR ENDED 31 ThL4RCH 2024 22. MOVEMENT IN FUNDS_ eotttined Charltablt cothpatty only Net movement iti fimds, included in the above are as follows.. Incoming resourccs Rcsources cxpcnded Gaitts and losses Movemrnt in fund5 Unrutricted fvnds General fijnd DesIgned Fixed Asset- 61 Market Street Designated Fixed Ass¢t- 9 Stanley Street Designated Fixed A$set- 12/14 Stanley Street Designated Fixed Asset- Central Buildings Dcsignated Fixed Asset- HSBC Building Stena 154,085 (70,987) (3,621) 83,098 (3,621) (11,140) (11,140) (1,958) (427) ($6,129) (1,9S8) (427) (56,129) 47,056 47,65 202J40 {122.264} {69,653) 10,423 Restrleted fvnds Fixed &sscts People Health TnL4t Communities foT Work Plus ESF Moondance Fixed Assets - 61 MaTkct Strcct Serco Restart Schernc Fixed Asset- 12114 Stanley Street Fixed Assei- 9 Stanley Strcet Fixed Assei- Central Buildings Fixed Asset- HSBC Building lultiply SPF Business Support SPF Employment Suppon Fixed Asset- 2-4 Market Street {263) (71.818) (720.178) (202.783) {5,782) {038) (J96J39) (263) (23,515) 11,339 33,432 {5,782) (638) 102,039 (20.239) (32,619) 176,861 269A65 16,192 41,609 39,698 35,lJOO 48,303 731,517 236,215 298J78 24,731 193,762 321,269 517,657 121,914 565,948 375.503 (44,970) (226,381) (144,408> (248,192) (105.722) (524J39) {3350051 ,163,669 663 951 642,579 TOTAL FUNDS 3.672.S39 2.285.933 733.604 653,002 Page 32 continued...
CYMUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINAf4CIAL STATEMENTS- ¢QDti#ued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT JN FUNDS - eontlnued Pur se of R¢stri¢ted Funds M•gnox Funding received from Magnox to set up and an accredited tr4iniDg ¢¢ntre. Flxed Asse1$ This fund includes fixed a5%ets. other ihan fre¢hold propcrtieg, purchased from restticted income. FlIed Assets (Plaj Cybi) This tiind includcs fixed assets transferred from Plos Cybi Partn(Yship, namely the freehold property Bry Annex and garag&s. People Health Trust Funding from P¢ople Health Tru to make Holyhead a tttcr place io be for the local comJnuoity- CommuD?ties For Work Funding from Wcl.4h Govemmeni to deliver employment wpport. Active IDeluslon Funding frorn Welsh Europeat) Funding Office secured to offer both employment support rnentoring and job placemeni oppornjnities to individuals a¢roH Anglcsey. Fixed Asset- 63 Market Street This fund represents the Market Street property puwhased and develOd from restricted grant fiuKling from Welsh GovernmenL Communltles For Work Plu5 Communities for Wthk plus is a Welsh Government funded employment support programme whi¢h supports individua15 and families IiviDg within Angl¢s¢y. who n¢ed support to return to work, employmenl or training or thos¢ in WOTk who are underemployed. ESF (Welsh EuropeD Fundlng Off*e) FwJdin8 from Welsh European Funding Offi¢¢ for our iti-work support service, which is availabl¢ to ¢mploy¢d individuals living on Anglesey who are facing one or more barriers {e.g. d)ildcare, transport or a work-litniting h¢alth condiiionl which prevent th¢m from fulfilling their earning potential. Alw supports SME'S on Anglesey wiib Equality and Diversity. Legaey Funding from W¢lsh fjovemmeni following the ¢los¢ of the Cornmunitie5 First PrograTn]ne. Mon CF utilise the funding to fLd the core infrastructure of the Charitable company. This allows the other programmes to deliver with an Ov¢r9bIng slructurc. W4¢erloD- In Work Dr5vlllg Support Funding from Waterloo Foundation to $upport the costs of the Drtving Project which PTovidcs support lowards the4)ry tests ind driving lessons and tests wh¢r¢ the inability to drive is identificd as a barrier to se¢uring an improvd ernployment circumstancc for those already employed l underemploycd. Fixed Asset- CFAP Tkns fijnd reprcs¢nts assets purchased from restricted grant funding from Community Facility & Aetiviiies Program. Page 33 continued...
CITrqUNEDAU'N YMLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- eontlmued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUNDS- conthiued Communitle5 For Work PlS cOd Fwiding from Welsh Governmeni &4 an adaptation to Comrnunities for Work Plus. specifically for those effected by Coyid. Kickart Fund?ng s¢heme from DWP for 16-24 year olds for job placerneDts. Moondgnce Funding from Moondance Foundation for work on 61 Market Street and participant training. Fixed Aswt- Salem Strett This fund Tepresents the Amlwch propety purchased and developed frorn r¢8tricted grant fimding provided by Targ¢t¢d Regeneration Investment (Welsh Goverllment) and Magnox. Fixed A$5et- 61 Market Street BuSidlng This rcptEsent$ thc MaTk¢t Street properry developed from restricted fvnds from Moondance Foundatioo. Chlldren and Communities Grant National Under5pcnd from Welsh Goycrnment fimding- Applications were made uttder BL8]r Support Community Renewal Fund Employment Support Funding from UK Government to support a pilot to test new approach¢$ kn wpport local cnoMic growth, prior io the introduction of the UK Sharcd Prosperity Fund. Communlty Renew&l Fund Self Employment Support Funding from UK Government to support a pilot to test new approaches to sUprt local ecoDom?c growth for self eTnployrnen( prior to the introduction of the UK Shared Prosperiry Fund. Leyelmng Up Fuod Funding from UK Government for investing in capital infrastrnctte that Improv ¢very day life and has a langible i]ll1 on local places. Funds are transferred to the Tespe¢tiv¢ restr]d fixed asset fund in the year of r¢¢eipL Serco Restart S¢heme CAEHRS DWP Proj¢ct frojn the UK Government to suppon employment. Fixed As$et- 4 Market Bwi]ding$ Thi5 rcpreseDts th¢ Mark¢t Buildings property developed from restricted fimds provid by Targeted Regeneration InvestEneJJt {Welsh Government) and Ffiws. Flxed Asset- 12114 Stxnley Street This represent5 the Stanley Street property developed from restricted ftmds provided by Place Making Grant (Ynys Mon County Council) and the Lev¢lling up Fund (UK Government). Fixed Asset- 9 Stsnley Street This rq)rescnrs the Stanley Strcct property developd from TeSln'¢ted fiwds provided by Place Making fjrant (Ynys Mon County CouMeil} and the LcYelliDg up Fund (UK Gov¢rnment). YTrung Person'g Guar*ntee Funding with the putyos¢ to increase engagcmcnts with 16-24 yw olds. Fixed Asset- HSBC Buildlngs This represents the HSBC property develop¢d from r¢strict¢d funds provided by Levelling Up Funding (UK Govemment) PaBe 34 continued...
CYMUNEDAU'N YMLAEN MOTr1 COMMUIYITIES FORWARD NOTES TO THE CONSOLtDATED FINANCIAL STATEMENTS- contfinued FOR THE YEAR ENDED 31 MARCH 21124 21. MOVEMENT IN FUNDS- eontlnued Flxtd Asset- Central Buildings Thi8 represents ihe Cenrr&l Buildings property develop from r¢stri¢t¢d funth providd by Levelling Up FundTng (l Government) Flxed Asset- 24 Marke¢ Street This represents 24 Market Str¢¢t prop¢rties developed from restricted fid5 piovided by Place Making GTant (Ynys Mon County Cowicill. MtIplY Funding to increase participants confidence with numbers and to support adults over the age of 19 to achieve a ath5 qualificaiion up to and including level 2 Ishated Prosperity Fund). SPF BuslTress Support Shared Prosperity Fund is funded by the UK GtrvernmenL this proj¢ct is to help sUPPOrt pcople wanting to go self-employed and established businesses acros$ Anglesey. There is a pot of funding in this project administer business grants of up to £2k to new and established busine&$ (Shared Prosperity Fund). SPF Employment Support Shared Prosperity Fund 15 funded by the UK Government to SUPPOrt those who are in WOTk help tmprovc their labouT markel situation. The project also target$ thosc who are long-temi unemployed and economica]ly inactive who face complex baniers. which include social isolation, low tonfidence and no fonnal qualificatiffl]s (Shared Prosperity Fund). Pur $e of desi ated funds Fixed Asset- Cybi Bvildlng This TreSentS the Cybi Building property PUT¢has¢d and developed from w]re5tricted funds and bank loan. Designated Fvnd- CoDtiDgeney This d¢si8nated fund represents a rethindancy payment ¢ontingency fimd. FiAtd Asset- 61 Mlrket Street Buildlng This represents thc 61 Market Str¢¢t PFoperry purchased and developed from unr¢strict¢d funds and bank loall. Fixed Asset- 9 S¢&nlÈy Street This represents the am(Trunt of unrt%tricted resetves used towards th¢ pur¢hpse and development of the 9 Stanley Strcct Building properry. Fixed Asset- 12114 Stanley Street This ieprescnts the amount of unrestricted res¢rv¢s used towards ihe purchase and development of the 12114 Stanley Stre¢t Buildin8 property. Fiyed Asset- HSBC Building This r¢presents the amount of unr¢stti¢ted r¢$¢tves used towards th¢ purch&se and developtnent of the HSBC Building property. Flxed Asset- CeDtr*l BlIdIng% This represents the amount of UnTestricted reserves used towards the purchaK and dcvelopmcllt of the Central Building property. Pagc 35 contmued...
CYMUNEDAU'N YfvtLAEN MON COMMUNITIES FORWARD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CODtiDued FOR THE YEAR EP4DED 31 MARCH 21124 21. MOVEMENT tN FUNDS- contiDved Fixed As5et- 24 Mgrket Street Thi5 represents the amount of unrestricted reserves used towards The purchage and dev¢lopm¢nt of the 24 Market Street properti¢s. 22. RELATED PARTY DISCLOSURES There were no relaltd party transactions for the ye4r ended 31 Mah 2024. 23. GOING CONCERN The Welsh GoveTnment have awarded fundiDg for th¢ Communities for Work Plus programme and the Shared prosperity funding is SCCUTed to March 2025. Levelling Up Funding has been extendcd to September 2025. A8 a resul¢ of these funding streams and along with other funding already Secured and oihcrs awailing confirnjaijon. the trustees coijsider it appropriate to prepare the financial statements on a going concetn b&sis &8 thcy are confJde¢yt suificient funding will be secured to ¢nabte the rnpanY to continue as a going concern. Page 36