REGISTERKD COMPANY NUMBER: 11321698 (England and Wales) RKGISTERED CHARITY NUhlBER: 1189927 rt ftb Tr ste¢s gD Unaudlted Fin8neial Statement for the Yta ed3 for Cambrlan Villa e Trust L4mlted Curtis Bowden & Thomas Liinited Chartered Certified Accounlanls 101 Diinraven Street Tonypandy CF40 IAR
Cambrlan Vl]IA e Trust Llmlted Contents of the FlnanclAI Statements for the Year En ed l Mareh 2024 Page R¢)r* of tlit Trustees Independent Examiner's Report St#ttment of FinanciAI A¢tivities Balan¢e Sheet Notes to the Flnaiiclal Statements 6 to 11 Delalled Statement &f Flnallclal ActlYltle8 12 to 13
CgmbrÉan Vill e Trust Limlted Rt ort of the Trustees for the YtAr Ended 31 March 2024 The trustees who are also directors of the charity for Ihe purpos¢8 of the Coinpanies AGt 21K>6, present their report with the financial stat¢n)¢nts of the charily for the y¢ar ended 31 March 2024. The trnste65 have adopted the provisions of Accounting and R¢porting by Charilies.. Staiem¢nt of R¢¢oniillended Practice applicable to charities preparing their Accounts in ACrdanC¢ with ihe Financial Reporling Standard applicable in the UK and Republic of Irelhnd (FRS 102) {effeclive l January 2019). Stru¢ture govern4nce and management Governlng dDeumenl The charily is Lonlrvlled by its governing docuinent, A deed of trust. and constitutes a IEnlited company, limited by guarant¢e, as defiThed by the Con)panies Ael 2006. Rtferen¢e Admllllstratlve detaU$ Regi$l¢red Cvmp#ny number I 1321698 IEiigl&ud and Wales) Registered Cbrity rtumber 1189927 Reglstered offi¢¢ Cambrian Lok¢sid¢ Buildings Cout)tysid¢ Clydach Vale Tonypandy CF40 2XX Trustee8 M A Norris J Williams S Joncs M C Davies J W Hughes Ms K Roberts K Jenkins a Davies M J S Wilsoth (resigned 6.5.23) Comparty Seeyetary Independent Ex%mi*er SteplieD J Sniitli FCCA Ciirtis Bowden & Thomas LAmited Chartered Certified A¢count&nts 101 Dunrav¢h Street Tonypandy CF40 IAR Approved by order of the board of truslees on 14 July 2024 and signed oll ils behalf by.. Pag¢ I
endent Examiner's Re ort to the Tr Cambrian Villa Trust Limited Independent exlmlner's report to the truf tets of CJJnbri4n Vlllage Trust Limlt¢d ('th¢ Comp#rty') I reporl to the cliarity trustees on my examination of tlie accounts of tl)e Company for th¢ y¢ar ¢nd¢d 31 March 2024. Respon$ibilitie$ and b*sis of yeport As the charity's trustees of the Coinpany {and olso its directors for the purposes of ¢oinpBny Iiw} you ar¢ r¢sponsible for the prepiraliotl Df the accounts in accordance with the requireinents of the Companies Act 20061'lhe 2006 A¢t'). Havtng satisfied myself that the accounts of the Coinpany are not required to be audiled under Part 16 of tlie 2(M)6 A¢1 and are eligibl¢ for ind¢pendcnt eKamiiialion, I report in respect of my examination of your ch8rity's a¢counts as ¢arri¢d out under Seclioii 145 of tl)e Charities Act 2011 ¢tl)e 2011 Act,). In carrying out my examinbtion I llave follow¢d th¢ Directions gsvcn by the Charity Commission under Section 145(5) (b) of the 2011 Act. Irtdepend¢nt exAminer'$ statement Since youi chfjrity's gross income exceeded £250,000 your txaininer must be a Ineinber of a listed body. I con confirn) thai l am qualif&ed to uiid¢rlake tlie examination be¢ause l ain a meniber of the Association of Cliartered Certified Accounlants, which is on¢ of the listed bodies. I have compleled my exatllit)ation. I confirni tliat no matters have come to my attention in connection with tl)e exainination giving me cau$¢ lo b¢li¢v¢'. aecounting records were Thol k¢pt in itspccl of the Coiknpany as reqIred by Sectiojj 386 of the 2006 Act. or the accounts do not ac¢ord will) tliose records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement thal the accoullls give a true and fair view which is not a matter considered as part of indepet)det)l examinalion; or tl)e accounts h8ve not been pr¢pared in a¢¢ord&nce with the methods and principles of tl)e Si&teinent of Recoinmended Practice for accountkng and reporting by charities (#pph"¢able io charities preparing their accounts in accordance willi Ilie FItne1&[ Reporting Slandard applicable in the UK at Republic of Irelatjd (FRS 1021). I have no eoneerns and have conie across t]0 olh¢r inall¢rs ill conn¢ction with the 6xan)ination to whicli attention should b¢ drawn in tliis report in order to engble a proper und¢r8landing of the accounis to be reaclied. Stephcn I Smith FCCA The A$sociotion of Cliart¢red Certified Accountants Cui1is Elowden & Thoinas Limil¢d ehartcred Ccrtificd Accountants 101 Dunraven Str¢¢t Tonypandy CF40 IAR 14 Jiily 2024 Page 2
b Ifiii Vllla e Trust Llmlted tAt¥ent ofFln#n¢lAI Attivilles f r th Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Utir¢stri¢t¢d nds Restrieted fund Nol¢s Ineome and endowments from Donations and leg&oies 109,022 54,137 163,159 113,771 Charitsble actlvltles Cambrian Healthy LiviAg Schools Project Pitch Siire Coacl)ing fees RCT CBC Passport to Su¢¢ess RCT CBC Play Servic¢s TFW Green Rools Project H¢ritag¢ Lottery Breaking Barriers HAF Be-A¢tive Coalfields R¢ngetteration Sensory Garden VAMT Den)enlia Project RHA Homcgrown Project AP Cymw Kickstart Project RCT CBC Shar¢d Prosperity Ftsnding Alternative Education Ih¢oine FAW Solar Panels Rcf CBC What's Cooking Project Nalional Lottery PeopSe & Plsces National Lottery Award 4 All Interlink Slop Slarl Up PYW SignAge~ Memorial South Wales Mtners- Signag¢ Meinorial Trivalts Slop Start Up 69.000 69.000 21.5RO 70,741 1,888 69,000 7,578 84,735 7,646 20,030 31,956 11,261 32,500 6,420 7,000 14,100 5,000 5,172 11,273 21,510 70,741 1,888 5,650 5,650 6,365 6,365 54,305 54,305 25,200 2,000 5,499 19,360 1,000 10,000 1,000 250 25,200 2,(XlO 5,499 19,360 1,000 10,000 1,000 250 Tot41 257 466 199461 456,927 427,442 Expenditure on Raisin¥ fullds 4,757 4,757 6,960 ChRritable aetlvitie$ Charitabl¥ a¢tiviti¢s 243,849 156585 400 434 353,267 Tot&1 248.606 156 585 405 191 360,227 NEf INCOME S,860 42,876 51,736 67,215 Reeonclllgtlon of lunds Totftl fijnds brought forward 439,351 (33,103) 406.248 339,034 Tot#1 funds eArried fonvard 448,211 457 984 406 249 The notes fom) part of tl)¢3¢ financial slateinents Pag¢ 3
Cambrlgn Vllla e Trust Llmlled Balance Shee¢ JI March 21124 31.3.24 Total fiindg 31.3.23 Total funds Unrestricted nds Reglrieled fiind Noles Flxed assets Tangtble assets 22,490 237,697 260,187 234,125 Cmrrenl assets Debtors Cash at bank and in hand 73,681 261912 73,681 261912 67,254 306 076 335,593 335,593 373,330 Creditors Amoiints falliThg due within one year {17,436) 1112,697) {130,1331 1188,511) Net turrent Assets 318 157 112,6971 205,460 184 819 Tot418s*et$ le#5 £urrertt Ilabllatles 340,647 125,000 465,647 418,943 Creditors Amout)ts falling dE]e after nior¢ than one y¢gr (7,663) (7,6631 (12,695) NET AETs 332,984 125,000 457 984 406 249 F¥nds Unre51rieted funds R¢slrieled llds 10 448,211 9,773 330,523 75,726 Total funds 457,984 406,249 The ch8rilabl¢ ¢otnpany is entitled to ¢xemption froni &iidit iind¢r Section 477 of the Compknies A¢t 2006 foT th¢ y¢ar ended 31 M8rch 2024. Tlie Inembers liave not required the company ¢0 obtain an audit of it8 financial stat¢ment$ for the year ended 31 March 2024 in accoidanee wtth Section 476 of th¢ Con)pJni¢s Act 2006. Tlie trnslees acknowledge their responstbilities for (#} ensuring thot the chai'itable coiiipally k¢¢ps 4¢coJnting rtwrds that comply with sli0n8 386 and 387 of the Coii)pgni¢s Act 2006 and preparing fit]ancial statements wliicl) give a tru¢ 8nd fair view of tlie state of affairs of the ¢haritable coinp&ny a5 at the end of each financial yeui. and of tts suiplus or d¢fi¢it for each financial yeJr in accordance witl) the requirements of Sections 394 and 395 alld wliicli otherwise ¢owply with Ili¢ r¢quir¢Ell¢nts of the Companies Act 2006 relotitig to financial statements, 80 far as applicabl¢ lo th¢ charit4ble company, (b) Tli¢ notes form part of these finattcial stateinents Page 4 continved...
Cambrlan VIIIA e Tru8t Llmited Balance Sheet- eontjnlled 31 March 2024 Tliese financtal statements have been prepared An accordance with tlie provisioDS applicable to charitable ¢omp&nies subject to the small coinpgnies regime. The financial statements were &pproved by the Board of Trustees at)d 8Uthoris¢d for issue on 14 July 2024 and were signed on its behalf by.. M A Norris- Trnstee The iiotes fon)I patt of these fit)aneial 5tatein¢nls Page 5
Cambrlan Vllla e Trus¢ Llmlted Notes to the Flninfl41 Statements for (he Year Ended 31 tVJarcb 2024 Acfolltttig polkies Bg$is of prep2ting the fiDRnclal statements The fInan¢i81 statein¢nts of the Charilable rompany> which is a public benefit entity under FRS 102, liave been prepared in accordanc¢ witl) Ilie Cl)aritits SORP IFRS 102) 'Accountit)8 and Repoiling by Charities.. Ststemenl of Recommend¢d Practice applicable to charities preparing Ilieir accounts in accordattce wilh tlie Financial Reporling Standard applicable itt the UK and Rq>ublic of 1velat (FRS 1021 {effeotiYr l January 2019),, FinAncial Rcporling Standard 102 'The Fiiiancial Reporting Slandard applicable in the UK and Republi¢ of Ireland, and the Companieg Act 2006. Thc financial statements h&ve been prepared under th¢ histQTi¢al ¢ost convenÉkOII. Ineomt All incomt i& fEcogni5ed in the Slal¢m¢EII of Fiuan¢ial Ac¢ivili¢$ gn¢¢ th¢ ¢l)arily lias enlitl¢m¢nt to th¢ funds, it is probable thal the income will be TtiVed and th¢ amount C4n be m¢a8ured r¢liably. ExpeThdlture Liabilities are recognised as ¢xp¢nditure as soon as Iliere 18 a legal or constru¢tive obligation committing the l)arity to ihat eXpendire, it Is probable tl)ot a transfer of econoinic benefits will be required in settlement and the Hmount gf th¢ oblig3tigD Can be nieasured reliably. Expenditur¢ is ac¢oiinted foi an accru&ly basis and has b¢¢n ¢lassifid under l)¢adings that aggr¢gate all ¢051 r¢lated lo the ¢ategory. Wher¢ $tS cannot be direcily altTibulcd to parli¢ular h¢adings they liave been allocated to activities on a basis consistent with the use of resoiiwes. Tangible fixed assets Depreciation is provided al the following anniial rates in order to write off each &&8et over its estllnated usefvl life. Plant and mJchin¢ry Computer equipi))ent 250/0 on reducing balance 25D/o on reducing balance Taxatlon The eharity is exempt from corporation tax on its charitable activities. Fund accountlng Unre$trieted funds can be used in accordance witli the eharitsble objectives At the discretion of tlie tnlSt¢es. Restricted fund8 can only be used for parti¢ular Testricted purposes within tlje objeots of tl* charity. Reslriclions arise when speeified by the donor or when fimds are raised for particular restricted purposex. Further explanation of the nature and pU08t of each is included in the notes to tl)e fmanei#l 8tateiiients. Net irttomel(expendKture) Net ittcome/(exp¢ttditurc) is sthted after chargikngl(¢rediting): 31.3.24 31.3.23 Dq>reciation- owned assets Pa8e 6 cotstinued...
Cambrlgn Vllla e Trust Llmlted Notes to the ttinanelal Statements eonlitiued for the Year Ended 31 March 2024 Trusteu, remuneration benefit5 There w¢re no trustees, rcmunerstion or oiher benefit5 for the year cnded 31 March 2024 nor for the year ended 31 Mar¢h 2023. Tru$tses' expenses Tl)¢r¢ were no 31 March 2023. trustees, ¢xpens¢s ld for d)e y¢ar ended 31 Mhrch 2024 nor for the year ended Comparatlves the statemet orrinaThelal aetivitles Unreslricted nds ReElri¢ted fijud Total funds ltt¢•me gnd endojymenls from Donations Atjd lega¢i¢s 59,989 53,782 113,771 Charltable activltles Cainbrian He%Jllhy Living Scliools Project Pitch liitre Coaching fee5 Rcf CBC Passport to Success RCT CBC Play Services TFW Green Roots Project Hilge Lolt¢ry Breaking Barriers HAF Be-Activ¢ Coalfields R¢ngeneraliot) Settsory Garden VAMT Delentia Project RHA Hginegrown Project AP Cyjntv Kickstart Project RCT CBC Shared Progperity Funding 69,000 69,000 7,578 84,735 7,646 20,030 31,956 11,261 32,500 6,420 7,000 14,100 5,000 5,172 11,273 7,578 84,735 7,646 20.030 31,956 11,261 32,500 6,420 7,000 14,100 5,000 5,172 11,273 Total 267 494 Expellditure on Raising tsd8 6,960 6,960 Charlt*ble Activltles Charitsble activilies 150,816 202,451 Total 157,776 202.451 360,227 r4ET INCOME 2,172 65,043 67,215 Recoiielllatloii of fund$ TotAI funds btrouglil fonvard 437,179 {98,145) 339,034 Total funds ¢grried forwArd 439,351 33,102) 406,249 Page 7 continued...
Cambrlan Villa e Trust Llmlled Notes to the Trinancial Statements- c&ntinued for the Year Ended 31 March 21124 Tangible fixed Assets Improvements to property Fixtures &nd fittings Plant and machinery Coinput¢r equipment Totals Cost At l AptMI 2023 Additions 622,034 44,335 558 111,912 887 4,497 782,778 At 31 March 2024 708 194 112799 4.497 870 383 Depreeitl&n At l April 2023 Charge for year 447,025 46.470 23,188 5,422 76,883 8,916 1,557 735 548,659 61,543 At 31 March 2024 493 495 610,196 Net book value Ai 31 M&rch 2024 214,699 16,283 2,205 260 187 At 31 Mareh 2023 175,009 21,147 35,029 234,125 Debtors., amotsnts falllrtg d¢ wlthln one year 31.3.24 31.3.23 Owed froin Cambrian Lakeside Ltd Other debior5 73,681 57,360 73,681 67,254 Creditor5: mount$ falling due within one yefir 31.3.24 31.3.23 Bank loans And overdrafts (see noto 91 Social security and other taxes Otber creditors Aceruals and deferred incom¢ Acerued expenses 4.074 5,311 5,508 112,697 2,543 4,075 5,185 9,876 166,S33 2,543 130 133 188 512 Page 8 otttinued...
Cambrian Villa e Trust Umlted Notes to the Financial St&t¢ments continued for the Yegr Ended 31 March 2024 Credlt&Ys'. amounts falling due after more than one year 31.3.24 31.3.23 Bank loans (see note 9} LOA An analysis of the ittathrity ofioans is given below.. 31.3.24 31.3.23 Amounts falling due witliin one ye4T on den)and.. Bounce Back Loan 4,074 Amounts falling due ID more thatt five y¢aT$'. Repayable by instaln)ent$'. Bounct Back Loan 7,663 12,695 io. Movement In funds Net moveinent in t)d8 At 31.3.24 Ai 1.4,23 Unrestricted fund$ General fvnd 330,523 117,688 448211 Restritted fiirtd$ Rcstrictcd fiirkds 75.726 {65,953) 9,773 TOTAL Fuf4DS 406,249 51,735 457 984 Net movement in funds. Incli¢d itt tlie above are as follows.. Incoining resoiii'¢¢s R¢sourc¢s ¢xpend¢d Moven?ent in fiinds Unrestrleled funds Gencral fund 257,466 {248,606) 8,860 Restrlcted fund5 Reslri¢ted funds 199,461 (156,585) 42,876 TOTAL FUNDS 456,927 405,191) Pag¢ 9 coJ]tinued...
CambrlAn Vllla e Trust L5mlted Note$ to the Financlal Statements- contlnued for the Year Endtd 31 tvlarch 2024 Movement fundi- eomtinued Comp*ratlves for m(trvement irt funds Net movejnent in fullds At 31.3.23 At 1.4.22 Unrcstrleted fundi General ftind 328,351 2,172 330,523 Restritted fund$ Restrictcd funds 10.683 65,043 75,726 TOTAL FUNDS 339 034 67,215 406.249 CoinpAritive net moveniellt in fund5, included in the above are as follows,. Incoining resources Resources expended Movemet)t in funds Uni'estrleted funds General fund 159,947 (157,776} 2,171 Restricted funds Restricted funds 267,493 (202,451) 65,042 TOTAL FUNDS 427.440 360,227) 67,213 A current ye&r 12 montl)s and prior year 12 inontl)s cotnbincd position is as follows-. Net mov¢thenl in funds At 31.3.24 At 1.4,22 UDrestYficted funds General fund 328,351 119,860 448,211 Restrlcted fu]bds Restricted funds 10.683 {910) 9,773 TOTAL FUNDS 339,034 118,950 457 984 Pag¢ 10 continued...
C*mbrign Villa e Trllit Llmlted Not S to the Tr'inAnelal Statements- eDJltithued for the Year Endod 31 M4reh 2024 io. Movement ith funds- etsntinu¢d A cunent year 12 months and prior year 12 months combirted net n]oven]enl in funds, included in the above ar¢ as follows.. In¢oming r¢souT¢es Resources expended Mov¢m¢nt in fun(ts Unrestricted funds General fund 417,413 {406,381} 11,032 Restrlcted fiinds Restricted thnds 466,954 (359,036) 107,918 TOTAL FUNDS 884,367 765,417) 118.950 ii. Relthted p•rty disclosure$ There wer¢ no related party transactions for the year end¢d 31 March 2024. 12. Restrict¢d Income fund$ OrgaEiisalion Pag611
Cambrian Vill# e Trn5t Llmited Detalled Statement of FiJJgn¢ial Aelivltles for the Year nded JI Morcli 21124 31.3.24 31.3.23 Income and endowments Donatlons and legaeles DonatÉOll5 Grants 32,881 130278 36,214 77,SS5 163,159 113.769 Charitable Acttvities Cambriaii Lakeside Healtliy Living Sdiools Proje¢l Gcheral 3¢livities 123,305 21,510 76,324 70,741 1,888 69,000 7,578 144,712 84,735 Coaching f¢¢s 293,768 313 671 Total ineoming rt$our£es 456,927 427,440 Expendituwe Other trading #ctivliles Piirchascs 4,757 6,960 Ch•ritoble 9etlvltles Repairs to propcrfy Conipiiter consumables Accoiintancy Room hir¢ Rates Insurance Light and lieal Wages PensiDns Hir¢ of plant and machinery Telephone Prillting and ationery AdYErt15ing Trav¥llii)g Motor expenses SpDris kit and eqiiipin¢tst Uniforni Equipnient Houseliold and cleatting Traitiing 3G piteli IaInleilance Waste manageinent Siindry ¢xpeMses Legal aiid piDfessiot]al fees Carried forward 9,200 435 2,531 1,718 1,137 5,911 13,788 534 2,442 1,219 3,134 5,859 183,809 1,580 260 3.750 660 26.994 1,105 872 591 662 10,134 342 479 19,200 3,080 4,192 795 42,741 2,161 1,301 791 16,879 281 3,124 10,990 355 32 6,516 338,563 1,505 4,180 283,220 TlJis page does not forn) part of Ibe slatulory financial slalenients Page 12
Camb I n Vili* eTrustLlmlted DetallL'd Statement of Fin8nclal A¢tlvKties lortb,Y r Ended 31 Mareh 2024 31.3.24 31.3.23 Charitable actlvltles Brought forward Bat]k loan interest Donations Depr¢ciation 338,563 329 283,220 68 7,322 61,542 400 434 353,266 Total resoui'ces expended 405,191 360,226 Net Income This page do¢$ not forjll part of Ilie stattilory financial stalenienls Page 13
TFW- Green R¢)Ots Project RCTCBC-SLA FAW- Solar Panels RHA- Homegrown Project RCT CBC- What's Cooking Project TFW Natlonal Lottery People & Places National Lottery- Award 4 All Interllnk- Sltsp Start Up PYW- Signage- Memorlal South Wales Miners- Slgnage- Memorial Trivalis- Slop Start Up 11261 11261 69000 25200 69000 25200 6365 6365 2000 2000 5650 5650 5499 5499 19360 iooo 19360 ioooo iooo 250 156585 iooo 250 145324 11261