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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Charitable activities
Other trading activities
**4**
**EXPENDITURE ON:**
Charitable activities:
**6**
Charitable activities
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**16**|**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**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Charitable activities
**EXPENDITURE ON:**
Charitable activities:
**6**
Charitable activities
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**16**|**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**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**10**
**CURRENT ASSETS**
Stocks
**11**
Debtors
**12**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**13**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than One**
**Year**
**14**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**16**|**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**
|Donations and gifts
Grants
Donations and gifts
Grants|**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**
4. **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**
|**Cost**
As at 1 April 2024
Additions
As at 31 March 2025
**Depreciation**
As at 1 April 2024
Provided during the period
As at 31 March 2025
**Net Book Value**
As at 31 March 2025
As at 1 April 2024
1.
**Stocks**
Stock
2.
**Debtors**
**Due within one year**
Amounts owed by participating interests|**Leasehold**
**£**
708,194
285,667|**Plant &**
**Machinery**
**£**
44,893
6,960|**Fixtures &**
**Fittings**
**£**
112,799
-|**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**
|Pennant Walters
RCTCBC - Welsh Church Act Fund
**Total restricted funds**
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Cambrian Healthy Living
TFW Green Roots Project
RHA Homegrown Project
FAW
RCTCBC What's Cooking Project
National Lottery - People & Places
National Lottery - Award 4 All
Interlink Siop Start Up
PYW Signage - Memorial
South Wales Miners - Signable Memorial
Trivalis Siop Start Up
Restricted funds
**Total restricted funds**
**Total funds**|-
-|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