2025-03-31-accounts - The Cambrian Village Trust Limited

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Company registration number: 11321698 Charity registration number: 1189927

CAMBRIAN VILLAGE TRUST LIMITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Cambrian Village Trust Limited Contents

	Page
Trustees' Report	1—2
Independent Examiner's Report	3
Statement of Financial Activities (including Income and Expenditure Account)	4
Comparative Statement of Financial Activities (including Income and Expenditure Account)	5
Balance Sheet	6
Statement of Cash Flows	7
Notes to the Statement of Cash Flows	8
Notes to the Financial Statements	9—13

Cambrian Village Trust Limited Company No. 11321698 Trustees' Report For The Year Ended 31 March 2025

The trustees present their report and the financial statements for the year ended 31 March 2025.

Objectives and Activities

Aims and Objectives

We are a charitable company which follows the community development model of working, encouraging, engagement, participation and progression.

We are based on the banks of Cwmclydach Country Park, an ideal position to engage in teh beautiful natural environment. We are already making a real and positive difference to the aspirations and health gains of the individuals living in the RCT area by offering health and wellbeing, sports and outdoor learning in schools at our facility.

Public Benefit

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Structure, Governance and Management

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Reference and Administrative Details

Trustees

Mr Mark Stevenson Mr Michael Davies Mr Keith Jenkins Mr Mark Norris Ms Karen Roberts Mr Graham Davies Mr Jeff Hughes Mr Selwyn Jones Mr John Williams

Charity Number

1189927

Company Number

11321698

Registered Office

Cambrian Lakeside Buildings Cambrian Countryside Park Clydach Vale Tonypandy CF40 2XX

Independent Examiner

MWR Accountants Chartered Certified Accountants David House Mill Road Pontypool NP4 6NG

Page 1

Cambrian Village Trust Limited Trustees' Report (continued) For The Year Ended 31 March 2025

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Date

Page 2

Cambrian Village Trust Limited Independent Examiner's Report to the Trustees of Cambrian Village Trust Limited For The Year Ended 31 March 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date David House Mill Road Pontypool NP4 6NG

Page 3

Cambrian Village Trust Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

Unrestricted funds £ 157,127 273,166 20,655	Restricted funds £ - 530,744 -	2025 Total funds £ 157,127 803,910 20,655	2024 Total funds £ 163,159 293,768 -
450,948	530,744	981,692	456,927
(290,186)	(335,861)	(626,047)	(405,191)
160,762	194,883	355,645	51,736
160,762 332,984	194,883 125,000	355,645 457,984	51,736 406,247
493,746	319,883	813,629	457,983

The notes on pages 8 to 13 form part of these financial statements.

Page 4

Cambrian Village Trust Limited Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

Unrestricted funds £ 109,022 148,444	Restricted funds £ 54,137 145,324	2024 Total funds £ 163,159 293,768
257,466	199,461	456,927
(194,469)	(210,722)	(405,191)
62,997	(11,261)	51,736
62,997 269,986	(11,261) 136,261	51,736 406,247
332,983	125,000	457,983

The notes on pages 8 to 13 form part of these financial statements.

Page 5

Cambrian Village Trust Limited Balance Sheet As At 31 March 2025

Unrestricted funds £ 25,276	Restricted funds £ 393,377	2025 Total funds £ 418,653	2024 Total funds £ 260,187
25,276 300 125,516 344,683	393,377 - - -	418,653 300 125,516 344,683	260,187 - 73,681 261,911
470,499 (18,849)	- (56,674)	470,499 (75,523)	335,592 (130,133)
451,650	(56,674)	394,976	205,459
476,926	336,703	813,629	465,646
-	-	-	(7,663)
476,926	336,703	813,629	457,983
		319,883 493,746	125,000 332,983
		813,629	457,983

For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Date

The notes on pages 8 to 13 form part of these financial statements.

Page 6

Cambrian Village Trust Limited Statement of Cash Flows For The Year Ended 31 March 2025

Notes Cash flows from operating activities Net cash generated from operations 1 Interest paid Net cash generated from operating activities Cash flows from investing activities Purchase of tangible assets Cash flows from financing activities Proceeds from new bank borrowings Repayment of bank borrowings Net cash (used in)/generated from financing activities Increase in cash and cash equivalents Cash and cash equivalents at beginning of year 2 Cash and cash equivalents at end of year 2	2025 £ 383,993 (178) 383,815 (295,809) - (5,234) (5,234) 82,772 261,911 344,683	2024 £ 165,985 (329)
		165,656
		(87,605)
		11,737 -
		11,737

		89,788 -
		89,788

Page 7

Cambrian Village Trust Limited Notes to the Statement of Cash Flows For The Year Ended 31 March 2025

1. Reconciliation of income to cash generated from operations

. Reconciliation of income to cash generated from operations
Net income Adjustments for: Interest expense Depreciation of tangible assets Movements in working capital: Increase in stocks Increase in trade and other debtors (Decrease)/increase in trade and other creditors Net cash generated from operations	2025 £ 355,645 178 137,344 (300) (51,835) (57,039) 383,993	2024 £ 51,736 329 61,542 - (73,681) 126,059
		165,985

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

Cash at bank and in hand . Analysis of changes in net funds Cash at bank and in hand Debts falling due within one year Debts falling due after more than one year	As at 1 April 2024 £ 261,911 (4,074) (7,663)		2025 £ 344,683 Cash flows £ 82,772 (2,429) 7,663	2024 £ 261,911
				As at 31 March 2025 £ 344,683 (6,503) -
	250,174		88,006	338,180

3. Analysis of changes in net funds

Page 8

Cambrian Village Trust Limited Notes to the Financial Statements For The Year Ended 31 March 2025

1. General Information

Cambrian Village Trust Limited is a company limited by guarantee, incorporated in England & Wales, registered number 11321698 and registered charity number 1189927. The registered office is Cambrian Lakeside Buildings, Cambrian Countryside Park, Clydach Vale, Tonypandy, CF40 2XX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds are to be used for specific purposes as laid down by the donor.

2.3. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amounts can be measured reliably.

2.4. Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measuired reliably. Expenditure is accounted for an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.6. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

3. Income from Donations and Legacies

Unrestricted funds £ - 157,127	Restricted funds £ - -	2025 Total funds £ - 157,127
157,127	-	157,127
Unrestricted funds £ 32,881 76,141	Restricted funds £ - 54,137	2024 Total funds £ 32,881 130,278
109,022	54,137	163,159

Page 9

Cambrian Village Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Income from Other Trading Activities

. Income from Other Trading Activities
	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Income from other trading activities	20,655	-

5. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

Depreciation of tangible fixed assets - owned . Analysis of Expenditure Charitable activities Charitable activities . Support Costs Employee costs Premises expenses General administration Depreciation Interest payable Employee costs Premises expenses General administration	Activities undertaken directly £ 59,470	2025 £ 137,344	2024 £ 61,542 2025 Total £ 626,047 2024 Total £ 405,191 2025 Charitable activities £ 264,509 87,809 76,737 137,344 178 566,577 2024 Charitable activities £ 234,850 23,681 80,032 ...CONTINUED
		Support costs (see note 7) £ 566,577
	Activities undertaken directly £ 4,757	Support costs (see note 7) £ 400,434

6. Analysis of Expenditure

7. Support Costs

Page 10

Cambrian Village Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Depreciation Interest payable	61,542 329
	400,434

8. Staff Costs

Staff costs were as follows:

taff costs were as follows:
	2025	2024
	£	£
Wages and salaries	224,035	227,473

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

9. Average Number of Employees

Average number of employees during the year was: 16 (2024: 16)

10. Tangible Assets

Land & Property

Leasehold £ 708,194 285,667	Plant & Machinery £ 44,893 6,960	Fixtures & Fittings £ 112,799 -	Computer Equipment £ 4,497 3,182	Total £ 870,383 295,809
993,861	51,853	112,799	7,679	1,166,192
493,495 124,232	28,610 5,810	85,798 6,750	2,292 552	610,195 137,344
617,727	34,420	92,548	2,844	747,539
376,134	17,433	20,251	4,835	418,653
214,699	16,283	27,001	2,205	260,188
			2025 £ 300 2025 £ 125,516	2024 £ -
				2024 £ 73,681

11. Stocks

12. Debtors

Page 11

Cambrian Village Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

13. Creditors: Amounts Falling Due Within One Year

2025
£
Bank loans and overdrafts
6,503
Other creditors
5,508
Taxation and social security
6,837
Accruals and deferred income
56,675
75,523
14.
Creditors: Amounts Falling Due After More Than One Year
2025
£
Bank loans
-
15.
Loans
An analysis of the maturity of loans is given below:
2025
£
Amounts falling due within one year or on demand:
Bank loans
6,503
2025
£
Amounts falling due between one and five years:
Bank loans
-
16.
Movement in Funds
As at 1 April
2024
Income
Expenditure
£
£
£
Unrestricted funds
General:
General unrestricted fund
332,984
450,948
(290,186)
Restricted funds
RCTCBC - SLA
-
69,000
(48,841)
FAW
-
240,908
(60,227)
National Lottery - People & Places
-
105,726
(102,581)
Restricted funds
125,000
-
(58,565)
RCTCBC - SPF
-
13,722
(10,460)
VAMT
-
19,478
(9,359)
HLF
-
32,460
(24,468)
Police Youth Trust
-
8,200
-

2024
£
4,074
5,508
5,311
115,240
130,133
2024
£
7,663
2024
£
4,074
2024
£
7,663
As at 31
March 2025
£
493,746
20,159
180,681
3,145
66,435
3,262
10,119
7,992
8,200
...CONTINUED

Page 12

Cambrian Village Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

- -	16,250 25,000	(15,110) (6,250)	1,140 18,750
125,000	530,744	(335,861)	319,883

457,984	981,692	(626,047)	813,629
As at 1 April 2023 £ 269,986 - 11,261 - - - - - - - - - 125,000	Income £ 257,466 69,000 5,650 6,365 25,200 2,000 5,499 19,360 1,000 10,000 1,000 250 54,137	Expenditure £ (194,469) (69,000) (16,911) (6,365) (25,200) (2,000) (5,499) (19,360) (1,000) (10,000) (1,000) (250) (54,137)	As at 31 March 2024 £ 332,983 - - - - - - - - - - - 125,000
136,261	199,461	(210,722)	125,000

406,247	456,927	(405,191)	457,983

17. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

18. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.

19. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 13