2023-08-31-accounts

							Page
Trustees'	annual report (incorporating			the	director's	report)
Independent auditor's		report to	the members
Statement	offinancial	activities	(including		income and
expenditure account)							16
Statement	offinancial	position					17
Statement	offinancial	position - Charity					18
Statement	ofcash flows						19
Notes to the financial		statements					20

Reference		snd administrative	snd administrative	snd administrative	details
Registered		charity	name		Coleg Llanymddyfri
Charity registration			number		1149946
Company		registration		number	08133485
Principal	office and		registered		The Bursary
office					Llandovery College
					Llandovery
					Carmarthenshire
					SA20 0EE
The trustees
					Mr D R Rees-Evans
					Mr D H Jones —Resigned		31/1	2/2022
					Mr G Stroud
					Mr J Gravell
					Mrs R E Williams
Auditor					James & Uzzell	Ltd
					Chartered Certified Accountants			&Statutory	Auditor
					Axis 15,Axis Court
					Mallard Way
					Riverside Business Park
					Swansea
					SA7 OAJ

==> picture [427 x 84] intentionally omitted <==

==> picture [206 x 40] intentionally omitted <==

								Period from
								1 Sep 21 to
					Year	to 31Aug	23	30Aug 22
					Unrestricted	Restricted
				Note	funds 6	funds 6	Total funds f	Total funds f
Income and endowments
Donations	and legacies			4	46,953		46,953	175,311
Charitable Investment	activities income			5 6	4557540 1,254		4,557,540 1,254	3,860,310 50
Other income				7	161,197		161,197	93,613
Total income					4,766,944		4,766,944	4,129,284
Expenditure
Expenditure	on raising funds:
Costs	of trading activities			9	90,161		90,161	37,854
Expenditure	on charitable		activities	9,10	4,512,047	12,561	4,524,607	4,139,105
Total expenditure					4,602,208	12,561	4,614,768	4,176,959
Net income/(expenditure)			and net
movement	in funds				164,736	(12,561)	152,176	(47,675)
Reconciliation offunds
Total funds	brought	forward			4,940,113	262,429	5,202,542	5,250,217
Total funds	carried	forward			5,104,849	249,868	5,354,717	5,202,542

31August	202	3
					Note	2023 6	2022 f
Fixed assets
Tangible fixed assets Investments					15 16	7,631,717 3,905	6,769,119 3,905
						7,635,622	6,773,024
Current assets
Stocks					17	47,407	54,069
Debtors					18	1,455,851	296,268
Cash at bank	and	in hand				866,691	711,940
						2,369,949	1,062,277
Creditors: amounts			falling	due within one year	20	3,805,929	2,405,263
Net current	liabilities					1,435,980	1,342,986
Total assets	less	current		liabilities		6,199642	5,430,038
Creditors: amounts			falling	due after more than one year	21	844,924	227,496
Net assets						5,354,718	5,202,542
Funds ofthe charity Restricted funds						249,868	262,429
Unrestricted	funds					5,104,850	4,940,113
Total charity	funds				24	5,354,718	5,202,542

			30Aug 23	31 Aug 22
			6
Fixed assets
Investments
Current assets
Debtors Cash at bank and in	hand		141,860 20,575	141,860 20,575
			162,435	162,435
Creditors: amounts	falling due within one year
Net current assets			162,428	162,428
Total assets less current liabilities			162,430	162,430
Funds ofthe charity
Unrestricted funds			162,430	162,430
Total charity funds		24	162,430	162,430

Coleg Llanymddyfri Company Limited by Guarantee Statement ofCash Flows Year ended 31 August 2023
		Note	2023 f	2022
Cash flows from operating activities Net income/(expenditure)			152,176	(47,675)
Adjustments for: Depreciation oftangible fixed assets Other interest receivable and similar income			91,920 (1,254)	74,775 (50)
Interest payable and similar charges			17,498	28,221
Chengesin: Stocks			6,662	(1)
Trade and other debtors			(1,159,583)	(255,529)
Trade and other creditors			1,419,341	663,964
Cash generated from operations			526,760	463,705
Interest paid Interest received			(17,498) 1,254	(28,221) 50
Net cash from operating activities			510,516	435,534
Cash flows from investing activities Purchase oftangible assets			'(954,518)	(573,633)
Net cash used in investing activities			(954,518)	(573,633)
Cash flows from financing activities Proceeds from borrowings Payments offinance lease liabilities			614,373 (15,642)	(80,353) (12,402)
Net cash from/(used in) financing activities			598,731	(92,755)
Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning	equivalents ofyear		154,729 711,828	(230,854) 942,682
Cash and cash equivalents at end ofyear		19	866,557	711,828

Property	not depreciated	not depreciated	and revalued	by trustees	on an annual	basis
Land and buildings	2% straight	line
Plant and machinery	20% straight		line
Fixtures and fittings	20% straight		line
Motor vehicles	20% straight		line
Works of art	not depreciated		end revalued	by trustees	on an annual	basis

						Unrestricted	Unrestricted	Unrestricted	Total	Funds	Unrestricted	Total Funds
								Funds		2023	Funds	2022
										6	6	F
	Donations
	Donations	and gifts						15,597		15,597	175,311	175,311
	Legacies Legacies							31,356		31,356
								46,953		46,953	175,311	175,311
5.	Charitable	activities
	Fees receivable			consist	of:
											2023	2022
												6
	Gross fees										6,139,850	5,232,874
	Less: total	scholarships,			bursaries	and remissions					(1,582,310)	(1,372,564)
	Net Fees										4,557,540	3,860,310
	Gross Fees		receivable		may be	analysed	by	the following:			2023	2022
											6	6
	Boarders										2,999,276	2,611,145
	Day pupils Music and	drama		tuition							2,652,785 37,956	2,235,450 27,274
	Other fee income										449,833	359,005
											6,139,850	5,232,874
	Charity					Unrestricted				Total	Funds Total	Funds
							Funds Restricted				2023	2022
							f					6
	Licences						12,000				12,000	12,000
6.	Investment		income
							Unrestricted		Total	Funds	Unrestricted	Total Funds
								Funds f		2023	Funds	2022 f
	Bank interest receivable							1,254		1,254	50	50

Other inc	ome
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds F	2023 f	Funds 6	2022 6
Insurance	claims		116,882	116,882	4,670	4,670
Trading company		income	44,315	44,315	88,943	88,943
			161,197	161,197	93,613	93,613

Expendit	ure on charitable activit	ies by fund type
		Unrestricted	Restricted	Total Funds
		Funds f	Funds 5	2023 6
Teaching		2,018,901		2,018,901
Welfare		767,677		767,677
Premises		344,224		344,224
Support	costs	1,381,245	12,561	1,393,805
		4,512,047	12,561	4,524,607
		Unrestricted	Restncted	Total Funds
		Funds f	Funds F	2022 5
Teaching		2,059,457		2,059,457
Welfare		655,931		655,931
Premises		418,025		418,025
Support	costs	1,005,692		1,005,692
		4,139,105		4,139,105

Expenditure	on charitable a	ctivities by activity typ	e
		Activities
		undertaken		Totalfunds	Total fund
		directly	Support costs	2023	2022
		5	5	6
Teaching		2,018,901	1,373,087	3,244,671	3,046,188
Welfare Premises		767,677 344,224		767,677 344,224	655,931 418,025
Governance	costs			20,718	18,961
Trading Expenses		99,864		99,864	97,888
		3,220,963	1,393,805	4,614,768	4,176,959

Analysis ofsupp	ort costs
		Support costs	Total 2023	Total 2022
		F	8
Staff costs		825,835	825,835	636,301
Communications	and IT	16,768	16,768	16,268
General office		1,293	1,293	2,025
Finance costs		17,498	17,498	28,221
Marketing Licenses and insurance		1,081 130,876	1,081 130,876	1,366 113,312
Printing and office Professional fees		94,487 40,242	94,487 40,242	75,657 37,194
Bad debts		147,317	147,317
Depreciation Penalties and surcharges		91,920 5,770	91,920 5,770	67,782 1,612
		1,373,087	1,373,087	979,738

	Net income/(expe	nditure)	is stated after charging/(crediting):
				2023	2022 f
	Depreciation of	tangible	fixed assets	91,920	74,775
12.	Auditors remuneration
				2023	2023
	Auditors fees			20,720	18,959
	Other assurance	work
				20,720	18,959

full-time equivalent	employ	ees	during the year	is analysed as follows:
					2023	2022
					No.	No.
Teaching staff Support staff					48 46	47 49
					94	96
The number ofemployees		whose remuneration		for the year fell within the	following 2023	bands, were: 2022
					No.	No.
F60,000to F69,999					2	2
f70,000tof79,000					2
F.120,000 to F129,999					1
			29

tes to the F ar ended 31	inancial Statement August 2023	s &vananvedj
The aggregate	payroll costs incurred	during the year, relating to the above, were:
		2023	2022 f
Wages and salaries		2,296,957	2,194,142
Social security	costs	~202 508	~18 471

				Fixtures,
	Property Improvements F	Land & Property F.	Plant and machinery f	fittings and equipmentf	Motor vehicles f	Works ofart f	Total f
Cost
At 31 Aug 2022 Additions	1,394,970 892,949	5,165,000	298,693	613,795 61,569	36,990	100,000	7,609,448 954,518
At 31Aug 2023	2,287,919	5,165,000	298,693	675,364	36,990	100,000	8,563,966
Deprsciatio
ii
At 31 Aug 2022	94,168		212,704	496,467	36,990		840,329
Charge for the year	32,667		24,448	34,805			91,920
At
31 Aug 2023	126,835		237,152	531,272	36,990		932,249
Carrying
amount
At 31 Aug 2023	2,161,084	5,165,000	61,541	144,092		100,000	7,631,717
At 30Aug 2022	1,300,802	5,165,000	85,989	117,328		100000	6769119

Investments
			Listed
			investments
Cost or valuation
At 31August	2022 and 31August 2023		3,905
Impairment
At 31August	2022 and 31August 2023
Carrying amount
At 31August	2023		3,905
At 30August	2022		3,905
All investments	shown above are held at valuation.
The company	has the following	subsidiaries:

A summary ofthe results is shown below:
	2023	2022
Summary Profit and Loss
Income
Summary ofbalance sheet Total assets Amounts falling due within one year	50,011 ~1	50,010 ~1
Total Assets less liabilities	50,010	50,009
Capital and reserves
Called up share capital Reserves	1 50009	1 Sl}008
Total Equity

		2023	2022
			8
Summary Profit and Loss
Income Cost ofsales		1,060 (1,068)	36,268 (6,577)
Administrative expenses		{6655	{447585
Operating profit		(663)	(17,893)
Covernant to Coleg Llanymddyfri
Other income
Results for the year		663	17893
Statement ofchanges in equity
Balance brought forward		(61,725)	(38,191)
Profit and total comprehensive	income for the period	~663	~17893
Balance carried forward Summary ofbalance sheet		{6623 8'}	L55084)
Total assets		64,950	70,598
Amounts falling due within one	year	(127,338)	(126,683)
Total Assets less liabilities Capital and reserves			{SQlgd)
Profit and loss reserves Total Equity		(62,388) 5245$	(56,084)

A summary ofthe results is shown below:	A summary ofthe results is shown below:
		2023	2022
		8	8
Summary Profit and Loss Income		55,254	63,629
Cost ofsales		(59,127)	(50,673)
Administrative expenses		{337971	~17319
Oprerating profit		(41,844)	(4,363)
Covernant to Coleg Llanymddyfri
Results for the year		~41 844	{44363
Statement ofchanges in equity Balance brought forward		(530)	3,833
Profit and total comprehensive	income for the period	~41 844	~4363
Balance carried forward		~42 374	(553}
Summary ofbalance sheet
Total assets		968,164	129,287
Amounts falling due within one	year	(1,010,538)	(129,817)
Total Assets less liabilities
Capital and reserves
Called up share capital Profit and loss reserves		1 (42,375)	1 (531)
Total Equity

A summary ofthe results is shown below:
	2023	2022
	8
Summary Profit and Loss
Total Income	4,782,629	4,112,341
Total expenditure	(4,587,940)	(4,209,938)
Net expenditure		~97597
Summary ofbalance sheet
Total assets	3,780,668	2,220,590
Total Liabilities Net liabilities	(5,772,443) @R&MK	(4,407,054) Q@M6$
The funds ofthe charity
Unrestricted funds caried forward	(2,241,642)	(2,448,893)
unrestricted funds carried forward	249,868	262,429
Total Charity funds

A summary ofthe results is shown below:
	2023	2022
Summary Protit and Loss
Total Income	60,000	60,000
Total expenditure	(60,008)	(60,008)
Net expenditure	(8)	(8)
Summary ofbalance sheet
Total assets	6,609,069	6,357,081
Total Liabilities	(252,000)
Net Assets
The funds ofthe charity
Unrestricted funds
Fixed asset reserve	5,215,000	5,215,000
General reserve	1,142,069	1,142,081
Total Charity funds

A summary	ofthe results is shown below:
		2023	2022
Summary	Profit and Loss
Total income
Total expenditure
Net expenditure
Summary	ofbalance sheet
Total assets		103,905	103,905
Net Assets
The funds	ofthe charity
Unrestricted	funds caried forward

17.	Stocks
					2023	2022 f
	Raw materials	and consumables			47,407	54,069
18.	Debtors
					2023	2022 f
	Trade debtors				1,353,143	229,941
	Prepayments and accrued income Other debtors				54,557 48,151	41,722 24,605
					1,455,851	296,268
19.	Cash and cash equivalents
	Cash and cash	equivalents	comprise the following:
					2023 8	2022 f
	Cash at bank and in hand				866,691	711,940
	Bank overdrafts				(134)	(112)
					866,557	711,828
20.	Creditors: amounts falling		due within one year
					2023	2022
						5
	Bank loans and overdrafts				57,841	73,332
	Trade creditors				446,968	262,431
	Accruals and deferred income				92,335	246,885
	Social security and other taxes Obligations under finance leases and hire purchase Other creditors			contracts	88,961 10,810 3,109,014	88,929 13,994 1,719,692
					3,805,929	2,405,263

Creditors:	amounts falling due after more than o	ne year
			2023	2022 f
Bank loans	and overdrafts		830,267	200,381
Obligations	under finance leases and hire purchase	contracts	14,657	27,115
			844,924	227,496

The total f as follows:	utur	e minimum lease payments under finance l	eases and hire purchase co	ntracts are
			2023	2022
				f
Not later than		1 year	25,467	13,994
Later than	1 year and not later than 5years			27,115
			25,467	41,109

Analysis ofc	haritable funds
Unrestricted	funds
		At				At
		31 August 20		31August		20
		22 F	Income f	Expenditure f	f	23
General funds		4,940,113	4,766,944	(4,602,208)	5,104,849
		At				At
		1 September			30August	20
		2021 f	Income F.	Expenditure f	F	22
General funds		4,987,788	4,129,284	(4,176,959)	4,940,113
Restricted funds
		At				At
		31 August 20		31August		20
		22 f	Income f	Expenditure f	f	23
Car park		262,429		(12,561)	249,868
		At				At
		1 September			30August	20
		2021 F	Income f	Expenditure F	f	22
Car park		262,429			262,429

		1	September			30	August	20
			2022 f	Income f	Expenditure f		f	23
General	funds		162,430	12,000	(12,000)		162,430
			At					At
		1	September			31	August	20
			2021 f	Income	Expenditure f		f	22
General	funds		162,430	12,000	(12,000)		162,430

Analysis ofnet assets	between funds
		Unrestricted	Restricted	Total Funds
		Funds F	Funds		2023 f
Tangible fixed assets Fixed asset investments		7,381,849 3,905	249,868		7,631,717 3,905
Current assets		2,369,949			2,369,949
Creditors less than 1 year Creditors greater than 1 year		(3,805,929) (844,924)		(3,805,929) (844,924)
Net assets		5,104,850	249,868		5,354,718
		Unrestdicted	Restricted	Total Funds
		Funds	Funds		2022
		f	f
Tangible fixed assets Fixed asset investments		6,506,690 3,905	262,429		6,769,119 3,905
Current assets		1,062,277			1,062,277
Creditors less than 1 year Creditors greater than 1 year		(2,405,263) (22 7,496)		(2,405,263) (227,496)
Net assets		4,940,113	262,429		5,202,542
Analysis ofchanges	in net debt
		At			At
		31 Aug 2022 f	Cash cows f	31	Aug 2023 f
Cash at bank and in hand		711,940	154,751		866,691
Bank overdralts		(112)	(22)		(134)
Debt due within one year Debt due after one year		(87,214) (227,496)	18,697 (617,428)		(68,517) (844,924)
		397,118	(444,002)		(46,ee4)