R•gi$torgd numbor: 12286046 Charlty number: 1204737 HWB YR ORSEDD LIMITED (A company Ilmlted by guarantse UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
HW8 YR ORSEDD LIMITED (A company Ilmlted by guarantso) CONTENTS Page Ref•r•nc• and admlnlstratFve d•tall$ of th• Companyi Its Trustees and advlsern Trusto0s' roport Ind•p•nd•nt •x•mln•rfs rop¢)rt 8tatgmont of financlal actlvltles 2-10 13 Balance sheet 14-15 Not•8 to tho flnand•l ¥tatement• 16-30
HWB YR ORSEDD LIMITED (A company Ilmit•d by guarantsel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADV18ERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Trustee• C Guest W Pace. Secr8lary H Maurice-Jones K Champaneria P Morris Ireslgned 26 Juné 20251 P Douglas J Lee Ire8lgned 26 June 202fj1 C Morgan, Chair of Tnjslees A Morfey lappoinled 18 September 2025} Comp•ny roglst•r•d nurnbar 12286046 Charlty reglstsr•d numbgr 1204737 Rogl¥tored office The Green Rossett Wrexham LL12 ODS Company s&cr•tsry Wendy Pace Chl•f •xgoutlv• offlcer Chris Guost countants WR Partners Charterèd A¢¢ounlanls Belmont House Shrewsbury Business Park Shrewsbury Shrop5hi18 SY2 6LG Bankors Natwest Bank PLC 33 Lord Slrg91 Wrexham LL111LP Page 1
HWB YR ORSEDD LIMITED {A Company Ilmited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Trustees prasenl their annual report together wslh the financial stalemenls of th8 charitable company for the year 1 October 2024 10 30 September 2025. The AnnLJal rgport serv8s thè purposes of both a Trustees, report and a dire¢lors' ret)ort under company law. Thg Trustees confimi that the Annual report and financial stalements of the charitable company comply with the current slalulory requiremenis, the requirements of the charitable compan¥s governing document and the provisions of the Slatgment of Recommended Practice ISORPI applicable lo Chare$ ptyparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Reptsblic of Ireland IFRS1021 (effective 1 January 20191. Since the Company qualifies as small under section 382 of the Companies Act 2006. the Strategic report required ol medium and large companie5 under the Companies Act 2006 Istralfjgic Report and Directors, Report) Regulations 2013 has been omitted. Oblectlves and activities Pollclès and obJe¢tlv•s The Charitls objectives remain the establishment and operation of a cornmunity hub in the centre of Rossett which provides an inclusive. welcoming and accessible space for the benefit of the local community. The Hwb exists lo.. Reduce social isolation and loneliness. Promote community wellbeing 8nd inclusion. Provide opportunities for volunteering and community participation. Encourage inl8rgeneralional activities and engagement. Provide affordable food and refreshments ¥Mlhin a welcoming environment. . Support kxal inib'ativgs and community partnerships. The Hwb aims lo be a focal w)inl for community lrfe within Rossett and the surrounding area. In setting objectives and planning for aclivltigs. the Trustees have given due consideration to general guidanc8 published by the Charity Commission relating lo public benefit, including the guidance 'Publlc benefit.. runnlng a charily IPB21'. b. Strategies for achioving obj8ctlvos The Trustees. strategy during the year focused on successfully launching and operating the Community hub followng complglion of the construction phase. This has included.. Establishing and operating the community café. Recruiting, supporting and developing volunteers. Developing operational proce(lures and governance arrangements. Building partn8rships with community organisations and local councils. Delivering activities and initialives thal support community wellbeing. Promoting the Hwb as an inclusive space accessible lo all sections of Ihg community. The Trustees have continued lo review operalional performance regularly lo ensure the long-temi sustainability of the organisalion. Page 2
HWB YR ORSEDD LIMITED {A company limited by guaranteel TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Obloctlvos and actlvltlos Icontlnuedl ¢. A¢tlvltles undertaken to achl8v• oblg¢tlv¢s The main activity during the year has been the successful opening and operation of the Hwb communty café and hub facilities. Key activities undertaken during the year included.. Opening the Hwb lo the public in October 2024. Operating the café five days per week Delivering the Warm Spaces initiative during the wnler months. Supporting community events and seasonal activities including Sl David's Day and local events such as Picnic in the Park. Providing volunteering opportunities for local r8sidents. Delivering community @ngagemenl and partnership working with Rossett Cornmunity Council and other organisations. Developing operational systèms, training and pro¢gdures. Providing food, refreshments. companionship and support lo rnembers of th8 community. The Hwb has rapidly become an established and valued part of community life within Rossell and surrounding villages. During the year, the Hwb welcomed thousand5 of visitors from Rossett and the Surrounding communities, providing not only food and refreshments but also an important social space that has helped reduce isolation, improve wellbeing and strengthen comrnunity connections. The Trustees are particularfy pleased with the positive impact the Hwb has had on bringing people together and creating a welcomin9 environment lor all mernbers of the community. d. Volunteers Volunlgers continue lo play a vital role in the success and operation of the Hwb. The organisab'on has experienced significant growth in volunteer involvement during the year, with volunteers SuppO.n9 all aspects of the café and community hub includin9: Front of house operations. Food preparation. Events and activities. Adminislralion and organisation. . Community engagement. The Trustees recognise that the success of the Hwb is directly atlributabl8 to thg commitment, enthusiasm and dedication of ils volunteers. Collectively, volunteers have contributed many thousands of hours throughout the year. enabling the Charity lo deliver Services and aotivities that would otherwise not have been possiblg. The Trustees would like lo place on record their sincere appro¢iab'on for the generosity, hard work and community spirit shown by all volunteer5 throughout the year. The Hwb continues to benefit from a strong volunteer cuiture and community ethos which remains central to the organisalion's success. Page 3
HWB YR ORSEDD LIMITED (A company Ilmlt•d by gu•rnnto•) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 ObJoctlv•s and actlvltle$ IntInU•d) •. Maln a¢tlvltl•s und•rt4k•n to further the Charwg purposes for thé publlc b•n•fit All activitigs undertaken durlng the year hav8 b&8n ¢arri8d out for th8 publlc benefit and In furtherance of the Charitys objectives. The Trustees confirm that they have complied with their duty under Section 17 of the Charities Aol 2011 to have dL¢e regard to public benefit guidance published by the Charity Commission. Th6 Hwb has providgd: • A welcoming and inclusive Community space. . Opportunilles for social interaction and volunt88ring. . Affordable food and refreshments. . Support to r8duc8 isolation and Smprove wellbelng. . Comrnunlty-led aclivitt88 and events. The Warm Sp8ees iniliative in particular provided signlficanl ben8fll to local r8sSdenls during Ihg Wlntgr period by offering companionship. support and access lo affordable food and drink. Page 4
HWB YR ORSEDD LIMITED IA company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Achlovefflents and p8rformanc8 . Main achl•v8m•nts of th¢ Charity The principal achl8v&menl during the year was the successful establishmgnt of the Hwb as a thriving community hub at the heart of Rosseti. The Tiuslees are delighted with the level of supwjrt received from volunteers, customers. local organisations and the wider ¢ommunity. During ils first full year of operation, the Hwb has developed into a valued local asset providing affordable food and refreshments, OPPDrtunities lor volunteering, cornmunily events and social inleraclion. In addition lo the successful operation of the café, the Charrty dolivered a number of community inilialivès in¢luding the Warrn Spaces programm8, St DaVd,$ Day celebrations and support for local community events. These activities have helped strengthen community cohesion and provided opportunities for residents of all ages to come tog8th8r. The popularity of the café and community hub &xcggded expectslions during the year. with trading levels increasing lo the extent that the organisalion became required to register for Value Added Tax IVATI. Whilst this created additional administrative responsibilities, il reflects the significant level ol community support and usage achieved during the Hwb's first year of operation Key achievements included.. Successfully opening and operating the community hub. Building a strong and committed VDlunteer team. Delivering a successful Warm Spa¢es programme. Hosting and supporting ¢ommunily events and initiatives. Sèrving over 25,000 drinks and over 13,000 meals and sandwi¢hes during the year. Developing partnerships with Rossett Comrnunity Council and other local organisations. Becorning VAT registered as trading activity exceeded the slalulory registration threshold. Establishing the Hwb as a recognised and valued community asset within Rossett and surroundlng villages. The organisalion has also slrenglhen8d relationships with community partnors and local organisalions throughout the year and is well positioned for future growth and devolopmgnt. b. Key performance Indlcators The Trustees monitor sgveral operational indicators including.. Vi511or and customer numbers. Volunteer recruitment and ratenlion. Community participation and engagernenl. Café incom& and expenditure performance. Delivery of community initiatives and events. Tho Trustees are pleased with the level of community usage atKJ engagement achieved during the first operational year. Page S
HWB YR ORSEDD LIMITED IA company limited by guarantee} TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Achlevèments and performance Icontlnuedl c. Ravlaw of a¢llvltl8s The Trustees have overseen the operational developrnent of the Hwb throughout the year through regular Board meetings ongoing management oversight. Particular focus has been given lo.. Financial suslainabilily. . Volunteer support and wellbèing. Operational systems and procedures. Community engagement. Staffing and operational structure. Health and safety and compliance requirements. The Truste8s ¢ontsnue lo rewew and adapt the operational model to ensure th& k)ng-t8rm sustainability of the organisalion. d. Fundra5slng activities and Income generatlon Income generalion during the year has primarily been through café trading activities 109elher with community fundraising and donations. The Charity has also continued to work closely wlh local organis8trons and community partnerg to support future funding opportunities and Collaborative projects. Fundraising activities and community events have contributed both financialty and socially to the success of th8 Hwb. Paga 6
HWB YR ORSEDD LIMITED {A company Ilmlted by guaranteel TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Flnanclal r•vS•w Going concern After making appropriate enquiries, the Trustees have a reasonable expectslion that the Charity has adequate resources lo continue in operational existence for the foreseeable futur&. The financial 51alements have therefore been prepared on a going concem basis. Whilst the organisation has experienced operational losses during its first trading year, this was anticipated as part of the eslablishmenl and growth phase of the organisalion. The Trustees have continued to Teview staffing arrangements, operating costs and income generation opportunities in order lo improve financial sustainability whilst maintaining the charitable objectives of the organisalion. The Trustees reTTSain encouraged by the level of community support received, the growth in trading activity and the increasing engagement of volunteers and community pathers. b. Reserves polloy The Trustees rgcognise the importance of malnlainlng appropriate serveS lo support the ongoing optrralion and financial stability of the Charity. As the organisalion moves beyond its initial establishment phase, the Trustees will continue to remew reserve levels in line wth operational requirements and financial performance. Unrestricted funds stand al £682,540 {202S.. £ 609.7191- The Chanty inlends to build up these funds and maintain them at such a lav81 which is appropriatè to th@ risks which the Charity facgs, in ord8r to provid8 prot8Ction for tha Charity against unforseen adverse financial cir¢um51an¢es. Reslricled funds sland at £NIL 12025.. £75,519) Al present the free reserves amount lo £13.015 {2025.. £7,498) which is considered by the Trustees lo be sufficient lo cover ongoin9 costs lo maintain the activities of the Charity and they aro committed lo keeping il at this level. ¢. Prfnclpal rlsks and uncertalntles The principal risks faced by the Charity during the year have included.. Financial prèssLJr8s asso¢iat8d wth operating costs. Inflationary increases affecting utilities and supplies. Reliance on volunteer capacity. Maintaining lon9-lerm financial sustainability. Operational and staffing pressures during perlods of hlgh demand. The Trustee5 regularfy Tgviaw op9ralional and financial risks and implement mitigation measures where appropriate, Page 7
HWB YR ORSEDD LlhllTED (A company Ilmlted by 9uarantsel TRUSTeES' REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 d. Flnanclal r18k manag•m•nt obJ•ctlv•8 and pollcl•s Th• Trusl•8s continuè to opèratè robust financial Contro15 incding.. Regular budget monltorfng.. Flnanclal reportlng lo the Board. Revlew of operat¢on81 costs 8nd income. Approval pro¢edures for expenditure. The Truslegs continue to review the operatlonal model lo strengthen long-lerm flnanclal resSllence. e. Principal fundlng The Charivs principal sources of incomg during the yg8r have been.. Café tradlng Income. Donations and communty fundraising. . Grant funding and community support inibatives. The Trustees contlnue to explore addltlonal fundlng opportunllle8 and partnershlp worklng arrangements. Paga 8
HWB YR ORSEDD LIMITED {A company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEM8ER 2025 Structure, governance and manag•mont Constitution Hwb Yr Orsedd Limited wa5 a charitable company limitad by guarantee govtsrned by its Memorandum and Articles of Association. During the year, the Trustges commenced work lo transition the organisation to a Charitsble Incorporatsd Organisation ICIOI slructure. This change is intended lo simplify governance arrangements and provide a more appropriate legal structure to support the lulure developmenl and long-lerm suslainabilily of the ¢harity. The transfer to Ihe CIO structure was completed on 26th January 2026. and all assets and liabilities transferred to the CIO on that dale. b. Methods Of appointment or aloctlon of Trust&a$ The management of the Charity is the restK>nsibilily of the Trustees. who ar8 e19Ctgd and co-opted under the terms of the governing do¢urnent. c. Organlsatlonal structure and declslonwmaking pollcles The charitable company is governed by a Board ol Trustees responsible for strategic direction, governance. financial oversight and major Dpgralional decisions. Operational mallers ar8 managed through delegated responsibilities supported by volunteers and staff where appropriate. The Trustees meet regularly throughout the year. d. Pollcles adopted for the induction and training of Trustees The Charity continues to support Iruslee development and training where appropriate. Trustees and volunteers have undertaken training in areas including.. Safeguarding. Food hygiene. • Healih and safety. First aid. Equality and inclusion. Further governance and operational training opportunities continue to be reviewed.. e. Pay pollcy for key managèment personnèl The Trustees review staffing arrangements and remun8ration levels as part of the ongoing operational and financial management of the organisalion. The Charity seeks to ensu that staffing costs remain proportionate and sustainable whilst supporting effective setvice delivery. Page 9
HWB YR ORSEDD LWITED IA company Ilmlted by guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2026 Ststsment of Tw•teeJ' rnsponslbllities The Trustees <vtho are also tho dir8clors of the Company for the purposes ol company lawl aro responsible for pr8p8ring the Trustees, report and the financlal 5taternerts in accordan(% wlh appli¢able law and United Kingdom Acco(mling Standards Iunlled Kingdom Generalty Accepted Accounting Pr8cticel. Company law requlres the Truslees lo prepare financial statements Iof eath financlal year. Under company law, th8 Trust88s musl not approve the financi31 stalemonts unless they are satisfied that they gwe a true and fair ew of the stsle of affairs of the Company and ol 115 incoming resources and appiicalior of resources, induding its income and expenditure, for that period. In preparing these financial stalemenls. the Tmstees are required to= 5818cI suitabkg attounting policies and then apptythem consistent, obseNe the methods and principles of the Charities SORP {FRS 1021-, rnake judgments and acrAiunling e$limates that are reasonable and prudent., slate wther applicable UK Accounting Standards (FRS 1021 have been followed. Subject lo any mat8dal departures disc1059d and gxpl#ingd in the financial $talernents', prep8rè thÈ finana statements on the going concern basls unless it18 Inapproprfate to prosum8 Ihat the Company will continue in busin8SS. The Trustees are responsiblo for keeping adequate attounting records that are sufficient lo sh)w and explain the Compan*s transactions and disdose with reasonable accuracy at any lime the financial po8rtion of the Ctrmpany and enable them to ensure thal the financAal stalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and h8nce for takn'ro reasonabl8 Steps for the preventlon and deledon of fraud and cAher irregulariles. oproved by order ofthe mgmbgrs ol brArd of Truslèas Sigrd on their bèhalf by.. C Moryan Chair of Trustees Date: Page 10
HWB YR ORSEDD LIMITED (A company Ilmlted by guarants•} INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Independent Ex•mln•rfs Report to thè Trustees of Hwb Yr Ornedd Limited Ilho Charlty) I report to the charity Truste88 on my oxaminalion of the ac¢oun15 Qf the Charity for the year ended 30 September 2025. R•sponslbllltle$ and 8asls of R•port As the Truste&8 of the Charfty18nd Its directors for tho purpos88 of company law} you are r8sponslbl8 for the preparation of the a¢counls In accordance with the requirements of the Companies Act 20061'lhe 2006 Acfl. Having satisfied myself that the accoLsnts of the Charity are not requlred lo be audilgd undgr Part 16 of th8 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitys accounts carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Act'l- In carrying out my examination I havg followed Ihg Directions given by the Charity Commisslon under sects'on 14515llbl of the 2011 Act. P8g611
HWB YR ORSEDD LIMITED IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Independent Examiner's Statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Acl-, or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of secb'on 396 01 the 2006 Act other than any requirement that the a¢counts give a 'lrue and fairf view which is not a maller 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 Practy'ce for accounting and reporting by charities lapplicable to charities preparing their ac¢ounts in a¢¢ordance with the Financial Reporting Standard applicab in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of ihe accounts lo be reached. This report is made solely to the CompanV5 Trustees, a5 a body. in a¢¢ord8nce with Part 4 of th8 Charities IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might stsle lo the Companrfs Trustees those matters l am required to slate to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Company's Trustees as a body, for my work or for this report. Signed.. Dated.. IL* LU S J Tweedle BSC FCA DChA WR Partners Belmont HoLJse Shrewsbury 8u5iness Park Shrew5bury SY2 6LG Page 12
HWB YR ORSEDD LIMrrED {A Company Ilmited by guarantee} STATEMENT OF FINANCIALACTIVITIES (INCORPORATING INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unr8Striet8d funds 202$ R•striet•d funds 2025 Total funds 2025 Total funds 2024 Nots Income from.. Donations and legacies Charitable activit'es Other trading aclivitles 310 124,110 30,111 30.421 124.110 681, 774 630 Total incom• 124,420 30,111 154,531 682,404 Expenditure on.. Raising funds Charitsble activities 695 3,031 134,535 22.694 157,229 Total exp•nditur• 134,535 22,694 1 S7,229 3, 726 Net lÈxpendltureifincome bofore not galns on Investments {10,11S1 7,417 12.6981 678,678 Net ltrxpendlturelllncome Transfers between funds 110,1151 82,936 7,417 182,9361 12.698} 678.678 15 Nel movomont In fund8 72,821 175,5191 {2,6981 678.6T8 Re¢on¢lllation of funds: Total funds brought forward Nel movement in funds 609,719 72,821 75,519 175,5191 685,238 12,6981 6,560 678,678 Total funds carried forward 682,540 682,540 685,238 The Slalemenl of Financial Activities indudes all gains and losses recognised in the year. The notes on pages 16 to 30 form part of these financial slalemenls. Page 13
HWB YR ORSEDD LIMITED {A company Ilmlted by guarantsel REGISTERED NUMBER: 12286046 BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Not• Flx•d assets Tanglbl& as80ts 12 669,525 602,221 669.525 602,221 Current ass0ts Debtors Cash at bank and in harKI 13 2.373 25.228 85.606 27,601 85,606 Curr•nt Ilabllltle• Creditors.. amounts falling due within one year 14 114.5861 (2,589) Net current u•ets 13.015 83.017 Totsl a$sets less curront Ilabllitie# 682.540 685.238 Total net assets 682,540 685.238 Pag9 14
HW8 YR ORSEDD LIMITED IA company limifvd by guaranlo91 REGISTERED NUMBER: 12286046 BALANCE SHEET ICONTINUEDI AS AT 30 SEPTEMBER 2025 2025 2024 Nots Gharfty fund8 Restrided fvnds Unro8lrlcted funds 15 15 75,519 609,719 682,$40 Total funds 682.540 685,238 The Company was enlrfjod lo exelnpt fiom audit under s9Ction 477 of thè Cornpani8s Act 2006. The members have Mt requlred the company lo obtain an audit for the ye8f in question in Jccordance with saction 476 of Companies Act 2006. The Trustee5 acknowfedge their responsitililies fLY eomptywig wrth the requir6m8llt5 of th8 AGI with respect to accountiry records and preparalK)n of finanGial sialemetts. The financial statements have been prepad in accordance with the pr¢w$ions applicable to enttties subject lo Ihe srnall companies regime. The financ statemen15 were apwov8d and athised for issue by the Trustees and signed on thelr behalf by. C Morgan Chalr ol Trustees Dole.. 11klL6 The nDles on pages 16 10 30 form part of these finanLa81 statements. Page15
HWB YR ORSEDD LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 General information Hwb Yr Orsedd Limited is gIStered as a charitsble company limited by guarantee and was set up by Memorandum and Articles of Association. 11 Iransilioned lo a Charitable Incorporated organisalion post year end126 January 20261 Accounting pollel•s 2.1 Basis of preparation of financial statements The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021 A¢¢ounling and Reporting by Charities.. Slalemenl of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102118ff&ctlVo 1 January 20191. the Financial Roporting Standard applicable in Ihe UK and Republic of Irgland IFRS 1021 and the Companies Act 2006. Hwb Yr Orsedd Limited meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are iriilially recognised al historical cost or transaction value unless olherwise stated in the relevant accounting policy. 2.2 Going concern After making appropriate enquiries, the Trustees have a reasonable expe¢tslion that the Charity has adequate resources to ¢onliniJe in operational existen¢& for the foreseeable future. For this reason, they continue to adopt the going concern basis in preapring the financial statements. 2.3 Income l income is recognised once the Charity has entsllemenl lo the income, il is probable that the income will bè received and the amount of incorne receivable can be measured reliably. Granis are included in the Stalemenl of financial activities on a receivable basis. The balance of incotne received lor specific purposes bul not expended during the period is Shown in the relevant fund5 on the Balance sheet. Where income is received in advance of antiuement ol recgipt, ils recognition is delerred and included in creditors as deferred income. Where 8ntillemenl occurs before income is 1ved, the income is accrued. 2.4 Expenditure Expanditure is racognised on¢e there is a legal or constructive obligation lo transfer economic benefit lo a third party, il 15 probable that a transfer of econornic b8nelils will be requir@d in settl8mgnt and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of th8 lolal of direel costs and shared costs, including sUPPOrt costs involv8d in undertaking each acts'vily. Direct costs attributable to a single activity are allocaled directly lo that aclivily. Shared costs which contribute to more Ihan one activity and support costs which are not attributable to a single acliwty are apportioned between those activities on a basis consislenl with the usé of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charity lo raise funds for ils charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Pag8 16
HWB YR ORSEDD LIMITED IA company Ilmltgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies {continu8d) 2.4 Expenditure Icontlnu¢d} Expenditure on Charitable activities is incurred on dI¢11Y undertaking the activities which further the Charitys objectives, as well as any associated support costs. All expanditur@ is inclusSve of irwcoverable VAT. 2.5 Govemrnent grants Grants that are not subject lo performance-related ¢ondilion5 are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior ID the revenue recognition criteria being satisfied are recognised as a liability. 2.6 Tangibl• fixèd a$$ets and depreciation Tangible fixed 8ssets costs'ng £200 or more a capilalised and recognised when future e¢onomi¢ benefits are probable and the cosl or value of the asset can be measured reliably. Tangiblg fixed assets are initially recognisgd al cost. After rècognition, under the cost model, tangible fixed 85sets are measured at cosl less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its int8nded working condition should be included in the measurement of cost. Depreciation will be charged so as to allocate the cost of tangible fixed assets less their residual value over their eslimaled usgful lives, using the slraighl-line method. Depreciation is provided on the following basis.. Long-term leasehold propety Plant and machinery FixlLJres and fillings Office equipment Computer aquipmgnt 2V 25°/v 10Vo 25VD 25Y• 2.7 Debtors Trade and other debtors are recognised al the settlement amount after any trad& discount offered. Prepaymgnts aro valued al the amount prepaid nel of any Irade discounts due. 2.8 Cash at bank and in hand Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity of three monlhs or less from the dale of acquisition or opening of the deposit or simiL4r account. Pagè 17
HWB YR ORSEDD LIMITED {A Company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Icontinuedl 2.9 Liabilitias and provisions Liabilities are recognised when there is an obligation al the Balance she81 dale as a result of a pasl event, il is probable that a transfer of economic benefit will be required in selllement, and the amount of the sèttlamant can be eslimaled reliably. Liabilities arg re¢ognisèd al the amount that the Charity anli¢ipates it will pay to settle the debt or the amount it h89 received as advanced payTnents for the goods or services il musl provide. Provisions are measured al the best 8slimate of the amounts required lo settle the obligation. Where the effect of the lime value ol money is material, the provision is based on the present value ol those amounts, discounted al the pre-tax discount rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Siatemenl of financial activities as a finance cost. 2.10 Flnan¢lal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrumenls are initially recognised at transaction value and subsequently measured al their 5ettlervienl value with the exception of bank loans which arè subseqLJ8ntly measured al amortised cost using the effective interest method. 2.11 Penslon$ The Charity operates a defined contribution pension scheme and the pension charge represonts the amounts payable by the Charity lo the fund in respect of the year. 2.12 Fund a¢¢ountlng General funds are unreslricled funds which are available for use 81 the discreb.on of the Trusteès in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific reslriclions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged agalnsl the speciflc fund. The aim and use of each reslricl8d fund is sel out in the notes lo the financial slalements. Page 18
HWB YR ORSEDD LIMITED (A company Ilmlt¢d by guarants• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Incomg from donatlons and lega¢le8 Unrestrlcted Re8trlcted fund• funds 202S 2025 Total funds 202S Total funds 2024 Donations Government grants 310 310 30.111 3,877 677,897 30,111 310 30,111 3Q.421 681, 774 Total 2024 3,877 677,897 681, 774 In¢om• from Charitab activltl•$ Unrnstrlctèd funds 2025 Total funds 2025 Tot81 funds 2024 Income from charllable activities 124.110 124,110 P8ge 19
HWB YR QRSEDD LIMITED (A Company Ilmtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from other trading activtties Incom• from fundralslng events Unrestrlcted funds 202S Totsl funds 2025 Total funds 2024 Fundraising 630 Exp•ndlture on ral8lng fund$ Costs of ral$lng voluntary Income Unrostrlct•d funds 2025 Total funds 2025 Tolal funds 2024 Costs of raising voluntary income 695 Analysls of •xp•ndlturo on charitablo activiti•s Summary bylund typo Unrostrl¢tod Restrlcted funds fund$ 2025 2025 Total 202S Tot81 2024 Dlrect Costs 134,535 22.694 157,229 3.031 Total 2024 2,922 109 3,031 Page 20
HWB YR ORSEDD LIMITED (A Gompany Ilmlt•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analysls of expendlturfr by a¢tivitle4 Actlvltl•* undertakgn dlrectly 2025 Support costs 2025 Total fundi 202S Tot81 funds 2024 DirgGI costs 116,212 41,017 157.229 3.031 Tof812024 898 2, 133 3,031 Anal18 of dlrnct cost• Total funds 2025 Total nds 2024 Actlvltles 2025 Staff costs Food & drink Warm spaces Function costs SDD expenditure Agency staff wages Consullan¢y Dojo ¢ard processing fees 65,584 33,526 1.485 246 100 6.600 6.300 2,371 65,584 33,526 1,485 246 100 6,600 ,300 2,371 T89 109 116.212 11fj,212 898 Page 21
HWB YR ORSEDD LIMITED IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analysis of expendltur¢ by a¢tivities Icontinuedl Analy$ls of support costs Total funds 2025 Total funds 2024 Activities 2025 Food & drink Waste disposal 2,008 7,498 621 11,842 1,850 321 3,191 1,611 28 2.008 7.498 621 203 Office costs Hub I cafe consumables Repalrs & maintenance Volunteer expenses Professional fees Insurance Training Depiecialion Advertising & marketing Mis¢8llaneous 11,842 1,850 321 3,191 1,611 28 11,196 633 24 1.813 11,196 633 218 48 218 41,017 41,017 2,Y33 Independent examiner's remunaratlon The independent gxamlner's remunèration amounts to an independent èxaminer fee of £975 (2024 - £750). and accounts Preparation of £97512024- £7501. 10. Stsff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension scheme5 64,322 730 59 1,262 65,584 789 Page 22
HWB YR ORSEDD LIMITED IA company Ilmlted by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 10. Staff costs IntInu•d) The avelage number of persons employed by the Company during the year was as follows.. 2025 No. 2024 No. Employees No empk)yee recelved remuneration amounting to more than £60,000 in etther year. 11. Trustee8' remunerntlon and expon$o$ Durfng the year. no Trustees recelved any remuneration or other benefils (2024- £NIL). During the year ended 30 Septemb8r 2025, no Trustee expen8è8 have been incurred (2024- £NIL). Pag8 23
HWB YR ORSEOD LIMITED {A company Ilmlted by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 12. Tangible flxed assets Long48rm leasehold Plant and Fixtures Office Computer property machlnery and flttln9$ equlpment •qulpm•nt Totsl Cost or valuation Al 1 October 2024 Additions 589,049 60,182 5,713 6,208 7,459 4,480 602,221 78,500 297 7.333 AI 30 September 2025 649,231 11,921 11,939 297 7.333 680,721 Depre¢latlon Charge for the year 6,351 2,601 355 1,821 11,196 AI 30 September 2025 6,351 2,601 355 68 1,821 11,196 Net book value AI 30 September 2025 642,8BO 9,320 11,584 229 5,512 669,525 At 30 Sept8mbgr 2024 589,049 5, 713 T,459 602,221 13. Debtors 2025 2024 Du? withln ong year Trade debtors Prepayrnenls and accrugd income 384 1,989 2,373 Pagè 24
HW8 YR ORSEDD LIMITED (A company Ilmlt•d by guarnnteè? NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDeD 30 SEPTEMBER 2025 14. ¢r•dltors: Amount¥ falllng due wwhln one year 2025 2024 Tradg credltors Other laxatfon and social SaCLtrity Other creditors Accruals and daferred income 3.026 T30 59 9,200 2,300 1,800 14,580 2,589 Page 25
HWB YR ORSEDD LIMITED (A company Ilmlted by guarantsel NOTES TO THE FINANCIAL STATE141ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2Q25 15. Statement of funds Stat•ment of funds - current year Balance at 30 Transfgrs Soptombor Inlout 2015 Balan¢e at 1 Octobor 2024 Incomo Expondlturo Unra8trlct•d funds General Funds 809,719 128.415 1134,535) 78,941 682,540 809,719 124.420 1134,5351 82,936 682,540 R•strl¢ted funds Shared Prosperity Fund Community Facilities Programme Wami Spaces 37,449 26.116 (19,0801 {44A851 38.070 13,6141 134,4561 13,9951 3,995 75,519 30,111 122.694) 182.9361 Tolal of funds 685,238 154,531 1157,229} 682.540 Page 26
HWB YR ORSEDD LIMITED (A company Ilmlted by guarants•l NOTES TO THE FINANCIAL STATeMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 15. Stat•ment of fund¥ {contlnuedl Statsment of funds - prlor year Balanog al Balanoe al l November 2023 Transfers inl¢X41 September 2024 Incom8 Expenditure Unrestrlcted funds General Funds 6,560 4.507 f3,61TJ 602.269 609, T19 Re8trlct•d fund¥ Shared Prosperity Fund Community Facilities Programme 547.897 15tO,448) 37,449 t30,000 {109) (91,821) 38,070 677.897 {109) (602,269) 75,519 Total of fund• 6,560 682,404 (3, 726) 685,238 Page 27
HWB YR ORSEDO LIMITED IA company Ilmlt•d by gu•rante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR eND£D 30 SEPTEMBER 2025 16. Analysls of net a*$ets betwe•n funds AnalysiB of ngt assets botween fund8 - curr•nt year Unrostrlctod fund$ 2025 Total funds 2025 Tanglble flxed 8888ls Currant assgts Crgdilors due thIn one year 669.525 27,601 114,586} 669.525 27.601 114,586) Total 682,540 682.540 Analysis of n•t assets betw••n funds - prlor y•ar unstriCted funds 2024 Restricted ftjnds 2024 Tol81 funds 2024 Tangible fixed assets Current assets Creditors due thIn one year 602.221 10,087 f2.589J 602,221 85,606 (2,589) 75,519 Total 609, 719 75,519 685,238 Page 28
HWB YR ORSEDD LIMITED IA ¢ompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 17. Funds deserlption Unrestricted funds represent income which is available for use at the descrelion of the Trustees in furtherance of the general objectives of the Charity. These funds may be used to meet both support and charitable expenditure. Restricted funds comprise income received for specffic purposes as defined by the donor or funder. These funds may only be applied in accordance with the stipulated t8m)s and conditions and cannot be used for the general purposes of the charity. Shared Prosperity Fund The UK Shargd Prosperity Fund is a UK govornmenl prograrnme designed to support local economic grovAh, strengthen communities, and improve opportunities by investing in projects that enhance places, support businesses, and boost skills. Al Hwb Yr Orsgdd, the fund has been used lo transform a disused public to11 site in Rossett, Clwyd into a café and community hub. This project directly supports the fund's aims by irnproving a local place, crealing a welcoming communily spaco, encouraging social interaction, and supporting local economic aclivty through a new small bLJsiness facilty. Communiliy Facllities Programme The Community Facilities Programme is a Welsh Government grant scheme that supports community-lod projects lo improve, create, or redevelop local facilities, enabling pèople to come together and access services that benefit their wellbeing and local ar8a. Al Hwb Yr Orsedd, the funding supports the redevelopment of a disused public toilet sile in Rossett, Clwgd into a café and community hub. This aligns with the programme's aims by bringing an unused silè back into productivo use. creating a sustainable community 8S5et, improwng local wellbeing, and providing an inclusive space for social and community aclivilies. Warm Spaces Grant The Warm Spaces grant is funding received lo support the deliv8ry of a warm, welcorning community spa¢e during the wnter period, providing access to heat, refrgshments and social support. The funding has been usod lo support the operation of th8 communlty hub and related activities, and is restricted lo costs incurred in delivering these sgrvices. Application of restricted ftjnds and transfers between funds During th8 year, the charity did not separately record expenditure bebNeen reslriclèd and unreslricled funds wlhin its accounting cordS. Expenditure incurred during the year relates lo activities that further both the general objectives of the charlly and the specific projects for which restricted funding was received, in¢luding the Shared Prosperity Fund and the Community Facilities Programme. As expenditure was not analysed between funds al the point of recognition, it has been presgnled within unrestricted expenditure in the Slalement of Financial Activities. Th8 Trustees have reviewed the natur8 of the expenditure incurrod durln9 the year and are satisfied that reslricled funds have been applied in accordanco wlh their intended purposes. Accordingly, transfers have en made from restricted funds to unreslricled funds to reflect the utilisalion of restricted income on the relevant charitable activities and lo present an appropriate cbsing position lor Page 29
HW8 YR ORSEDD LIMITED (A Company Ilmlttd by guarant90} NOTES TO THE FINANCIAL STATeMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 each fund. Thi$ approach ensure5 that the financial statements fair refl1 Ihg substsnce of the transactions and th8 application of funds during the year, notWTth5tanding the absence of detailed fund-level expenditure analysis within the undgdyng accounting records. 18. Related party Iransactlons The charitable company has not entered into any related paty transaction during the year, nor are th*r8 any outstandlng balances owing betsveen rel8ted parties and the chatable Company at 30 September 2025. Pagè 30