REGISTERED COMPANY NUMBER.. 01215997 IEngland and Walesl REGISTERED CHARITY NUMBER. 502742 REPORT OF TrIE TRUSTEES AND CONSOLIDATED FINAPKIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR ELIDYR COMMUNITIES TRUST LTD Bevan BurJEland LLP Chartered Accountants And Statutory Audito Ground Floor Cariligan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
ELIDYR COMMUtr4nES TRUST LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2024 Pag• Report (rf the Trustees Report of the Independent Auditofs Consolidated Slatement of Financial Activit*s Charity Statement of Financial Activi5 10 Consolidatèd Balanc• Shèèt Charity Balance Sheet 12 Consolidated Cash Flowstatement 13 Notes to the Cash Flow Statement 14 Notes to the Flnanclal Statements 15 10 29 Detailed Consolidated Statement of Financial Activities 30 to 31
ELIOYR COMAIUNITIES TRUST LTO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 EVENTS SINCE THE END OF THE YEAR ,Inlormation relating to èvènts since the ènd dthe year ts 9n in the notes to tlle financial statements STRUCTURE, GOVERNANCE AND MANAGEMENT Governing durnent Elidyr Comrnunities Trust is a company limrted by guarantee go¥emed by its Artides of AsscKiation dated 13th March 2020. It Wa5 registered as a charity wrth The Charty Commission on the 9th January 1976. In Ihe event of the Cornpany being wound up. rnernts rnay be required to contribute an arnount not exedIng £1. Towy Valley Care was incorporated on 16th Septernber 2013 and is a lirnrted eornpany and trading subsKliary being 100% owned by the charity. Recruitrnent and appointment of new Tntstees Norninations for new Trustees are m&Je prior to or at the AGM. A nomination is proposed and seconded by existing Trustees and approval for any nominalH)n sought at the AGM. The Tru5tee5 may. ty ordinary re501ution. appoint a person who is willing to act as a Trustee. either to fill a vacancy as an addrtional Trustee in betsveen AGMS. Induction and tralning of new Trustees New Trustees undergo orienlalion lo brEf them on Iheir legal oblpjations under Charity and Company Law, the content of the Memorandum and Arte$ ol Asswath)n. the commrttee and decision-making processes. the business plan and recent financial performan of the chanty and trTh) subsKliary. Trustees have a speafic training plan whth ks reviewed annualty to facilitate ts undertaking ol their ro. Organisational struclure The Board of Trustees administer ihe Charty. The th"rectors of Towy Val* ca meet sepaTalety. The Board meets at least five times a yeaf and degate responsibilrty lor day4oQay management lo the CEO and Leadehip Team who take responsibility for and report on issues such as finance. care. hurnan resources, educational and training needs. The Drreclots of Twry Valky Care delegate authorty for crf)erath)nal rnaIle to the Care Manager. Risk management The Truslee5 Of the charty have eStal5hed a business visk assessment comprises.. an annual re¥rew of the risks the chaity may face." the establishment of systems and pr(edureS lo mitKJate those risks identrfied in the plan". and the irnplernent8tion of proodures desgned to rninimise any potential impact on the thatty should those risks rnaterialise. The business risk assessment ts reviewed n line with the Twstees quality impro¥ement cycle OBJECTIVES AND ACTIVITIES Objectives and airns The objects of the charity are.. "For the public benefit. the relief and a$5islance of people wth arnIng disabilities in particular. but not exclusivety. by supptying thern with education, training, wo. personal care and accomrnojation" Achievwnent arKI perfarrnae Elidyr Communrties Trust Ichartyl and Towy ValY Care Ltd (trading sUbSl3ryI Combine lo form the group. Towy Valky ca Ltd was incorporated •) September 2013 aThJ began trading in January 2014. It is regulated by the Care Inspectorate Vvales ICIW) and rts prirnary puryjose s to provKle drynriliary care SeN1$. The ITadin9 sUbslary is lulty owned by Elidyr Cornmunrties Trust. The charity operations are run frorn three localion5. all of which are regislefedwith the CW. The Rhandirrnwyn campu5 is a speualist provision wlh education being ddNered through CO Elidyr and an Indusive LNes prOvlon for developing lrfe skn'lLs. The Victoria House comrnunty in Uangado3 a resKlential care hcffie for adults with a focus on independent INing skills with integration into the widei eornrnurtity. GarnIyd Bams. a brand new resvjential caTe provision from Elidyr commUnrts Tnjst-ollerw a s2k reswjential service to adutts addrtional leamrng needs The crrent year prodUd a group suuS of £360.497 1S.VA of lotal incoming soUrces) £28.622 ofthis restrted and £331,875 unrestricted. The group splrt ts a surplus for the chanty of £342.002 vthh Tow Valley Care reporting a profil after tax d £18,495. Cash at bank at the eThJ ol the year for the group was £2.306,734. The charity general fund now stan¢Js at £1,832,892. pe1
ELIDYR COPAMUNMES TRLLST LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 OBJECTIVES AND ACTIVITIES Achievement and perfom)ance IconTrl Woth has continued nurtufing existing and creating new collaborative partnerships. This has included partnerships with the National Autist &)cEty. Career5 Wales. Carmarthenshire Action for Vduntary Seis. The Down Syndrome Assoaation, Carmarthenshire County Cwncl. National Assouation cl Speualist Coles aThY WorfdSkn'II5. The Trustee numbers al the end of the peri¢)d were 6 in Ihe charity and 3 in the trading subsidiary. remain focused on increasing the srLe of the thaiity board not onty rn number but also in the speofie areas of expertise that have identified as a result of a-skills1experlen gap anatysis- This anatysis, In conjunction wlh the development and use ol a lulty documenle(I recwitment prOS$. will ensure continue(I fO(S on this important area of our work. The Trustees were able to fulfil all of their meeting commitmenis through a combination ol ¥irtual and in person meetings to provkye leadership in what Con'nueS to te a challenging econom environrnenl vthere the irnportan of ensuring the flnancial security of the charity as a viable sustainable busines5 VAI remw an important focu5 other key aspects of the charity. The Trustees, focus for the next financial year wyll be to worf( towards the objectives set Lyrt in Ihe slralegic plan 202>28 whilst supporting the Leadership Team v posilNe challenge both generalty and wilhin our defined aligned areas. This ill involve both formal aThJ infomial meetsngs avj structured sie visits. The YS lor the Towy Vaky Care Directors N te to increase the numter of serMce users as well as nurturing rts status as a pferred supplier vthh the bcal authority. Trustee meetings are planned %%ll in advance and structured to ensuce that we a able to mtsnittsr the performance tsf the business. We hold a minimum of 5 meetings each year- one al the end of each finanaal quarter and an additional budget meeting speuficalty to ensure that we are fvlty versed wlh the projected finan$. Additional rneetings are Iled as and when they are identif*d as being ne$Sary to resolve specrfic i551Ae5. FINANCIAL REVIEW Principal tunding sources The principal funds of the charty are derived from fee income vthich is received in exchange for servi9 provKled tts educational arnets. inclusive li¥es and residents. At the en¢J of Juty 2024 the number ol amerS and residents was 53 with the lead funding for the year being.. Local Authority 76Yo, Welsh Government 12Y., Hearth 10V., Education and s.11$ Funding Agency 1 Yo and Pnvale 1%. The principal funds of ihe trading 5ubskYiary are receNed for 5erMces to seNi sers. At the end of Jufy 2024 the number of see users was 5 wth the bead funding from Soual Services. Reserves policy Reserves are required to fund investment as %SEII as to cover any emergency situalions. The Trustees consider the larget level ol Ie reserves of the charrty to be in the range of £1.394,(X)o to £1.909.000. The current Ie reserves of £1,809,580 are wthin the reserves rwrfJe as defined in our policy. As an indicator this OUnts to 3.5 months of expenditufe. 71.5Yo of the Chaty reserwes are made up of propeity assets and to this effect are allocated lo the fred asset designated and Garnlwd Barns re5erves_ In addition lo this there are other separatety entirEd designated and restricted Tèsee$ have sèt aside Ilrture developments_ Note 20 detaiL% the alk)cation of the funds. STRATEGIC REPORT Principal risks and uncèrtainties Risk Management The twstees ol the group have estat4ished a busww risk assessment vthich compri5es.' -an annual review of the risks the group may fa., -the establishment ol systems and proureS to mitigate those risks ideTrirfd in the plan.. and -the irnplernentation of procedures designed to minimise any w)tentkAI impact the group should those rkS rnalerialise The business risk assessment s revie in line %%ith the Trustees Qualty Improvemenl Cyde Page 2
ELIDYR COMMUNMES TRUST LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 FUTURE DEVELOPMENTS The key developments whilst embedding and surwrting a cutture of continuous prOvernent throughout all areas of the charity and trading subsidiary are to.. Coniinue to give appropriale suw)ori to Ihe CEO and Leailer5hy Team in achn9 continual bmprovemenl across the charty Klenljfied via.. the developmenl and re¥ of the business rtsk assessment, slrategic plan 2024 to 2028, estates plan. WOrtfor development and quality improvement plans Recruit Trustees and en$ their Inv0Ment with aligned areas ol responstjility Support the Lea¢Jership Team in SpOnding to. and managing the implications of legislatwe changes impacting core business such a5 the Additional Leaming Needs refowm Continue lo develop opportunrties to fulty util'se exisling assets as vftll as ilentfying poten(ial grthvth opportunilEs such as Pawc Dewi Sanl E*velop IT 5yslerns lo manage the e¥er4ncreasing numbei and 50phi5tication ol exlemal threat5 Seek and create relationship5 in order to maxirnise extemal fundraising polenlial Faolilate staff wellbeing and make ECT a great place to work Continue to work th our existing partnets and to nurture new ones STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity i5 controlled by rts governing dcujmenl. a deed of Irust. and constitules a limited company. limited guarantee. as defined by the Companies Ad 20Cfj. REFERENCE AND ADMINISTRATIVE DETAILS RegiSted Company number 01215997 IEngland and Wales Registered Charity number 502742 Registered office Rhandimwyn Llandovery Cam)arthenshire SA20 ONL Trustees Mts V J Davies Mrc Maclnty Mr W Lleweltyn Mr R Macey I$Jne{1d.1O.22I Mts J Hamitton MrG P Graham Mrs L Hughe5 Mts A Roger5 lapwinted 15.12.221 Auditors Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Pad( Swansea SA7 9LA P¥3
ELIDYR COMMUNITIES TRUST LTD REPORT OF TrIE TRUSTEE5 FOR THE YEAR ENDED 31 JULY 2024 Bankers Metro Bank One Southampton Row London WC1B5HA Solicitors Dougla5-Jones & Mercer Axis Court 16 Mallaid Way Swansea Vale Swansea SA7 OAJ STATEME OF TRUSTEES. RESPoNSIBILlEs e trustees Iwho ale also the directors of Elidyr Communrts TnJst Ltd for the purposes of Company lawl are responsible for prepaiing the Report of the Trustees and the financial statements in accordance wtth applicable law and Unrted bQ"ngdom Accounting Standard5 (United TrQ"ngdom Generalty Accepted Accounting Practi) including Financial ReportirrtJ Standard 102 Tr Financial Rètxjrting Standard aprAb in thè UK and Republic of Iieland". Company law requires the trustees to prepare financkil statements for each ffinancial year lch grye a true and fair view of the stsle of affair5 of the Charrtab company and of the incoming iesources and application of re50urce5. including the incorne and expendrture. of the tha11tab company for Ihat riod. In preparing those finanryal stalernents. the trusteès are reqUId to select suitable accounting policie5 and then appty them consistenty., observe the methods and principles in the Charity SORP. make judgements and eslimales that are reasonable and prudent.. ppa the finanaal statements on the going concem basis unless it is inappropriate to Psume that the charitab company will continue in busines5. The Iruslees a sponsible for keeping properaccounting records which disdose with asOnable accuracy at any time the financial position of the charitable company and to enab them to ensure that the financial slalements compty with the Companies Act 2006. They are also responsib for safeguarding the a5sels of the charrtaty company and hence for taking reasonable steps lor the prevention and detectson of fraud and other irregularrts. In so far as the trustees are aware.. there Is no ielevanl audrt inforniation of which the charitable company's audrtors aTe unaware". and the INstees have taken all steps that they ought lo have taken to make themselves aware of any vant audit inforrnation and to establish thal Ihe audrtors are awaie of that inforrnatson. AUOITORS The auditors. an 8uekland LLP. Vlill be proposed for Te-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on ._ - and syned on its bèhalf by. MrsVJ' vies-Trustee Page4
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ELIDYR COMMUNITIES TRUST LTD Opinion We have audited the finan¢ial stalernenls of EIKtyr C¢JmmunitEs Trust Ltd {Ihe parent company'l 8nd it5 subsidiary Ithe group) for the year ended 31 July 2024 which comprise the Consolidated & Charrty Statement ol Financial Activilles, the Consolidated & Challty Balance Sheet, the Consclwjated Cash Flow Statement and notes to the financial statements, induding a summary of signffjnt accounting pol$. finanual porting framewoth that has been applied in their preparation LS applicable law and Unite(l Trfjngdom Accountmg siandaids (Unrted lQngdom (kneiaty Accepted Accounting PKaclrEI, including Finanrial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republicof Ireland.. In our opinion the financrdl statements". give a true and fair vW ol the state ol Ihe group and parenl chanty chantable company affairs as at 31 July 2024 and of rts incoming resou$ and application of 0Yr¢e5. induding rt5 incorne and expendrture. for the year then ended." have been property prepared in accordance wrth Unrte(I lQ"ngdryn Generalty A¢¢epled Accounting Practice. including Financial Reporting Slandaril 102 The Financk31 ReporfirKJ Slandaril appltsbk in the UK and Republic d Ireland,; and have been ppared in arKdan vthh Ihe requirernents of the GcnpanE5 Act 20C6. Basls lor oplnlon We conducted our audit in accordance with Intemational Standards on AuditiThJ {UKI IISAS IUKII and applicable Law. Our responsibilities undef those standa(ds are further descnbed in the Auditors, responsibilit for the audit of the financial statements section ol O¢Jf report. V¥È are Indepentjent of the charitable company in accordan with the ethical requirements that a relevant lo our audrt (O the financial statemeTrls in the UK. including the FRC s Ethical Standard, and we have fulfilled our other ethical responsibilrtEs accordance wilh Ihe5e requirements. We believe that the audit evidence we have obtained sufficienl and appropriate lo provKle a basis forour opinion. Conclusions relating to going concem In audrting the financial statemenls. we have conduded Ihat Il Irustees. use of the goiThJ concern basis of a¢¢ounting in the pparatIOn of the ffinancial statements Is appfopr4te. Based on the work we have perfoffted. we have nrA Klenti[d any rnaleiial unortainlies relating lo even15 Qr condrtions that. indivKlualty or collectivety. may ¢35t SWJnCanI doubt on the Charitab cornpany's abilty lo continue as a going concem for a period ol at least tWee months from when Ihe financial statemenls are authorised for issue. Our responsibilitEs and the respon5ibilths of the Irustees with re5pert to gcAng CCern are descrited in the re¥&nI 5e¢lws d this report. Other infomiation The trustees are responsible for the other inloTmation. The othei InfomiatK)n compnses the infomiation included in the Annual Report, other than the financial statements an¢J our Rèport of the Indepèndènt Auditors thereon. Our opinion on the financial statements ¢Jcs cover the othef infom)atKfft and, except to the extent otherwise explicit stated in our report, we do not express any lom7 cl assurance condusion thereon. In connection with our audit cl the finanual statements. our responsibilty is to read the olher information and, in doing 50, consider whether the other informalK)n Materia inconsistent w.rth the financial statements or our kedge obtained in the audrt or otherwse appears to be materialty misstated. If Klentrfy such material inconsistencs or apparent material misslalemenls, we are requi to detemiine whelher this grve5 rise lo a material misstalemenl in the financial statements themsefves. If, based on the work we have perfomied, we conclude that there s a material misstatement ol this other infomiation. we are requireil to port thal fa¢* Vve have nothing to report in this regar(l. Oprnion3 on other matters Fescribed by the Cornpanies Act 2000 In our ¢)pinion, based on the work undertaken the wurse of the audrt". the Information given in the Report of the Trustees for the finantial year the fjnancial statements a prepared is consistent wth the finanual statements." and the Report ofthe Trust$ has been pwared in acCoanCe with applble legal requ1mentS. Page S
REPORT OF THE INDEPENDEPU AU0ORs TO THE MEMBERS OF ELIDYR COMMUNrriES TRUST LTD Matters on which we are required to report by èxcéption In the light ol the knowledge and undetstanding ol the charitable company and ts environment obtained in the course of the audit. we have not entified material misstalements in the Report of the Truslee5. We have nothing to report res¢1 of the followng matter5 where the Companie5 Act 2C(6 requires us lo report to you il, in our opinion-. adequate accounting records have not teen kept or retums adequate for Ouf audit have not been received from branches not visited by us." or the financial slalements afe not in agreement with the accounting records and retums. or rtain di5cIosures of trustees. rernuneration spett by law afe not mle.' or we have not ed all the inlomiation and explanatwns we Ul foi our audt 01 the tfustees were not entit to take advantage of the small companies exempt40n from the requirement to prepare Strategic Report or in preparing the Report of the Trustees. Responsibilities ot trustees As explained more fulty in the Slatement of Tnjstees, Responsibililies. the Ifustees Iwho are also the directors of the charitable company for the purposes of ccthpany lawl are responsible for the preparation of the financial stalemenls and for being satisfied that they gNe a true and fair VEW. and for such intemal control as the trustees deterrnine is ne$sary to enable the preparation of financial statements that are Ir& from material rni%statement. whethei due to fraud or EOr. In pparing the financial ststemenls. the trustees are responsib ts asse551ng t1 charitabk companys ability to continue a5 a gcAng concern. disd05ing. as applicable. mallws related to going concem and usiry the going COnM basis of accounting unless tite trustees èther IntefKI to INuidate the chatitable ctsmpany or to cease opeiabons. 01 have no realistic aernative but to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about vthether Ihe finanaal statements as a whok are free frcn rnaterial misstatement. whether lo fray or error. lo issue a Report of b Independent Auditors that Includes our opinion. Reasonab assurance s a hp of assurance. tmrt is not a guarantee that an aLxJrt condLJCted in accordance 1th ISAS IUKI VA aVayS detect a material misstatement when rt exists. Misstatements can arise fraud or error and are Conside material rf. IndMIualty or in the aggfegate. they couhj reasonably be exFected to influen the econcmnic decisions of u5W5 t*en on the bas rf trE5e fjnancial statement5. The extent to which our prOdureS are Capab of detecting irregukriiies. incbJding fraud is detailed below.. Extent to which the audit wa5 Gonsidered wable of detecting irregularitie& in¢luding fraud We identify and asse55 Ihe risks of mateiial mi5Statement of the Financial Statement5. whethei due to fraud or error. and then. design and perforrn audrt procedu5 responsive to those risk5. including obtaining audrt evidence that 15 5ufficvenl and apprq)riate to provKle a basis lor our opinion. È discussed our audit Independen compIng wrth the Revised Ethical Standard 2019 wilh the engagernent team mernbers whilst planning the audrt and continuaty monrtored our Independen throughout the pro$5. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ELIDYR COthIUNITIES TRUST LTD Identifying and assessing potential r$ related to irregulaiities In identifying an¢J assessing risks of material misstatement in SpeCt of irregularilies, including fraud and non-complian with laws and wulations, our prOce(lu9 induded thef011ing." enquiring of management. including obtaining and reviwng supporting documentation. conceming the charity'5 policies and procedures relating to". identifying. evaluating 8j ¢omrAying wilh law5 a1 re9ulations and vthether they weie aware of any instances of non-cornpliance", detecting and responding to the iisks of fraud arld whether they have knowwe of any actual. su$cted or alged fraud", the inlemal Controls established to mitlgate risk5 related to fraud 01 n0n-cornpl1an wth laws and regula150ll5," discussing alnong the engagernent team and where mvJht occui in the Financial Statements and any potential indicatots of fraud. As part of this discussion. we Klentsffed potential for fraud in the followng areas- Management override of controls obtaining an understanding of the kgal and wulatory fiamewoths that the charity operates in, focusing on those laws and regulations that had a direcl effecl on the Financial Statements that had a fundamental effect on the operations of the charity. The key laws arKI Te9ulatK)ns we ry)rtsKlered in this ry)ntext induded the UK CA)mpanies Ad and relevant tax legislatson. Audit response to risk5 identir In addition to the abo¥e, our prOdreS to respond to risks Klentrfd inclu¢Jed the following.. reviewing the financial statement disd05ures and testing to supporting documentab.on to assess cCmplian wth relevant laws and regulations", enfwiring of management conceming adual and potential lthgation and clains- perloming anatytical prdU$ to identify any unusual or unexpected relationships that may indirale risks of rnatefial mtsstaternent due to fraud- reading minutes of meetings of those charged with governance and in addre551ng the n5k of frnud through management override ol ¢ontro15. testing the appropriateness of journal entries and tsther adjustments, assessing whether the Judgements made in making accounting eslinales are indicalNe of a potential bias.. and evaluating the busirss ralionale of any stgnificant transactions that are unusual or oUtse Ihe nomial course of business. We also communicated relevant Identif laws and regulatn9 and potential fraud risks to all engagement team mernbers and remained alert to any mdications of fraud or non-compliance with laws and regulations throughout the audit. A further descripknon of our responsibilrties for the audit of the finanual statements is located on the Financial Reporting Council's web5rte al www.frG.org.uklauditorsre5ponsibilities. Thi5 description forms part ol our Reporl of the Independent Auditors. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ELIOYR COWIUNITIES TRUST LTD Use of our report This report is made solety to charitable company's members, as a body. in accordan wilh Chapter 3 of Part 16 of the Companies Ad 20ffi. Our audrt work has twn undertaken so that VOE mvjht State to charitable company's members those matters we a iequired to state to them an audrtors, report and for no other purpose. To the fullest extent permitted ty law. we do not accept or assume responsibilty to anyone other than the charitabbe company and the charitsble ccrfnpany s memters as a body, for audrt knrk, for this repcrt or for the cynion5 we have fomed. ael Jones Isenior Ststutory Audrtorl for and on behalf of 8evan Bu¢*land LLP Chartered Accountants And Statutory Auditor5 Ground Floor Cardigan House Castle Courl Swansea Enterprise Park Swansea SA7 9LA Date.. Page 8
ELIDYR COMMUNITIES TRUST LTD CONSOLIDATED STATEMENT OF FINANQAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THEYEAR ENDED 31 JULY 2024 2024 Totsl ftjnds 2023 Total fvnds Unrestricted Restrrcted runds nds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2.457 214,606 217,063 1,658,091 Charltable actlvltles Resident Serwces 6.455.235 6.455.235 5.723,352 Other trading activities Investment income Other income 278,543 46.957 278,543 46,957 237,876 15.854 Totsl 6.783.192 214.606 6.997.798 7,634,611 EXPENDITURE ON Charitable activities Resident Services Trading Company Costs 6.326.721 126.711 185,984 6.512.705 126,711 5.784, 152 106.689 Total Expenditure 6.453.432 185.984 6.639.416 5,890,841 NET INCOME BEFORE TAXATION 329.760 28.622 358.382 1.743,770 Taxation 2.115 2,115 {1.7851 NET INCOME 331,875 28.622 360.497 1.741.985 Transfers between funds 21 Net movement in funds 331,875 28.622 360.497 1,741,985 RECONCILIATION OF FUNDS Total funds brought forward 5.487.015 1.559,586 7.046.601 5,304.616 TOTAL FUNDS CARFUED FORWARD 5.818.890 1,588.208 7.407,098 7,046,601 The notes fomi parf of thesefinancial slatemenls Page 9
ELIDYR COMMUNITIES TRUST LTD CHARITY STATEMENT OF FINANCIAL ACTIVITIES flNCORPOFIA TING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENOED 31 JULY 2024 2024 Total funds 2023 Total funds Unfestncted funds Restricted funds Notes INCOME AND ENOOWMENTS Fthl Donations and legacies 22.457 214,606 237.063 1,674,986 Charitsble a¢tivi¢ies Residenl Servis 6.455.235 6.455.235 5.723.352 Other trading actNit Investment income Other income 142.965 46.957 142.965 46,957 104.950 15,854 Total 6.667.614 214.606 6.882.220 7.518.580 EXPENDITUREON Charitsble activities Resident Serwces 6.326.721 185.984 6.512.705 5,784,152 NET INCOME 340.893 28,622 369.515 1,734,428 RECONCILIATION OF FUNDS Total funds brcoJ9ht fotwarrl 5.419.097 1.559.586 6,978.683 5,244,255 TOTAL FUNOS CARRIED FORWARO 5.759,99) 1.588.208 7.348.198 6.978.683 The noles form part of Ihe5e finanaal statemenls Page 10
ELIDYR COMMUNITIES TRUST LTO CONSOLIDATED BALANCE SHEET 31 JULY 2024 2024 Totsl fijnds 2023 Total fund5 Unrestri(led funds Restred funds Notss FIXED ASSETS Tangible assets 12 4.292.862 1,520,000 5.812,862 5.886.816 4.292.862 1.520.000 5.812.862 5.886.816 CURRENT ASSETS Stock5 Debtors Cash at bank 14 15 8.737 248.526 2.238.526 8,737 248.526 2.306.734 9.804 281.677 1,878,309 68.208 2.495,789 68.208 2.563.997 2,169.790 CREDITORS Amounts falling due Mthin ce year 16 1478,9961 1478.9961 1506.4491 NET CURRENT ASSETS 2.016,793 68.208 2.085.001 1.663.341 TOTAL ASSETS LESS CURRENT LIABILITIES 6.309.655 1.588.208 7.897,863 7.550,157 CREDITORS Amounts fallirvJ due after more fhan one year 17 1490,7651 1490,7651 1503,5561 NET ASSETS 5.818.890 1.588,208 7.407.098 7.046.601 FUNDS Unrestricted funds Reslri¢led funds 20 5.818.890 1.588.208 5,487,015 1.559,586 TOTAL FUNDS 7 407,098 7.046.601 The financi statements were approved by the Board of Trustees and authorised for issue and signed ¢Jn ts beham ty." J Oavres- Twstee The notes fomi part of these financial statnen[S Page 11
ELIOYR COMMUNtriES TRUST LTD BALANCE SHEET 31 JULY 2024 2024 Total funds 2023 Tolal fvnds Unrestricted funds Restnthd funds Ncrtes FIXED ASSETS Tangible assets Investments 12 13 4.292.862 1.520.000 5,812,862 5.886.816 4.292.863 1.520.IJJO 5.812.863 5,886.817 CURRENT ASSETS Stocks Debtors Cash at bank 14 15 8.737 239,900 2.182.513 8,737 239.900 2.250.721 9.804 271,496 1.811.243 68.208 2.431,150 68.208 2.499.358 2.092.543 CRECITORS Amounts falling dve wTrthin one year 16 1473.2S81 1473.2581 1497,1211 NET CURRENT ASSETS 1.957.892 68,208 2,026,100 1.595.422 TOTAL ASSETS LESS CURREPff LIABiunES 6.250.755 1,588,208 7,838.963 7.482.239 CREDITORS Amounts falling due after more than one year 17 1490.7651 1490,755 1503,5561 NET ASSETS 5,759.990 1.588.208 7,348 198 6.978.683 FUNOS Unrestricted funds Restricted funds 20 5.759.990 1,588,208 5.419.097 1.559.586 TOTAL FUNDS 7,348,198 6,978,683 The financi statements We apN)ioved by the Board of Twstees and athhorised for r35ue on . and were signed on rts behaff by". Mrs V J Oaviès- Trustée The nL4es fi)mi part dlhese financial stslernents Page 12
ELIDYR COMMUNtTES TRUST LTD CONSOUDATED CASH FLOW STATEMENT FOR THE YEAR ENDEO 31 JULY 2024 2024 2023 Ncles Cash fflows from operatlng activities Cash generated frorn operations Tax Paij 499,304 1.185 2,251,980 Net cash provkyed by operaling aCtI¥eS 499 304 2 251 980 Cash flovts Irorn investbng activities Purchase of tartgib fixed assets Sale of tangib fixed assets 158.0881 11.564.481 Nel cash used in investin9 aCtivitEs 58,088 1.564.481 Cash flo from financlng actlvltles Loan repayments in year 12.791 Net cash used in finanang activit*s 12,791 13,468 Change in cash and cash equivalents in the reporting period Cash and cash equlvalents at the beginning of the reporting period 428.425 674.031 1.878.309 1.204.278 Cash and cash equivalènts at th• end of th• rertIng pèritid 2.306.734 1.878.309 The notes fom part ofthesefinancial statements Page 13
ELIDYR COWIUNMES TRUST LTD NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2024 RECONCILIA TION OF NET INCOME TO NET CASH FLOW FROM OPERATrIG ACTIVITIES 2024 2023 Net income for the reporting period {as perthe Staternent of FinclaI Activities) Adlustmonts for. Depreciati charges Lossllprofitl on disposal of fixed assets Decrease In stocks Oecrease In debtors InCase/1decre3sel in credrfor5 360,497 1.743,770 132.042 133.765 15621 4.329 286,160 83.394 1.067 33.151 26.2681 Net cash provided by operations 499.304 2.251.980 ANALYSIS OF CHANGES IN NET FUNDS At 1.8.23 Cash flow At 31.7.24 Net cash Cash al bank 1.878.309 428.425 2.306.734 1.878,309 428.425 2.306.734 Debt Debts falling due within 1 year Debts falling due after 1 year 125.0001 503.556 125,0001 490.765 12.791 528,556 12.791 Tot 1.349.753 441.216 1,790.969 The notes fomi part of Ihese financial statements Pa9e 14
ELIDYR COMMUNITIESTRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES Basis of Preparing the financial ststements The financial statements of the charitabk company, which 1$ a publ benefit entity undef FRS 102, have been prepath in accordance with the Chanties SORP IFRS 1021 'Accounting and Reporting by Charities Statement of Recommende(I Practice applble to charrties pparing their accounts n accordance wrth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporling Standard 102 'The Finanrial Reporting Standard applicable in the UK and Repubh"c of Ireland, and the Companies Ad 20[. The financial statements have been prepad un¢Jer the historicalcost conventitsn. Basis of Consolidation The consolidated finanual statements incoOrate the fana81 statements of the charty and all group undertakings. These are adjusted where appropriate to confom to group accounting policies. As a ConsoJaIed profit and loss account is published, a sepafate profit and loss account for the pant is omrtled from the group financial statements by virtue of section 408 of the Companies Act 20(6. Related Party Exemption The charity has taken advantage of exemption under the temis of Financial Reporting Standard 102 'The Finanual Reporting Standard applicable in the UK and Republic cl Ireland., not lo disclose related party transactions with Whol owned subsNJiaries wthin the group. Transadions befv the group entrtEs vthKh have been eliminated on Gonsolidation are not disGlosed within the financial 5tatement5. In¢ome Incorne is COgnised when the charty has entrtlement to the funds. any perfomanee conditions attached to the itemlsl of income have IRen mel. il is probable that the income will be receNed, and Ihe amount can be rneasured reliabty. Sludenl fee and resident fee income is accounted for on a accrual basis and is fecognised in the period of residency. Income frc¥n govemment and other grants. whether 'capital' grants or 'revenue' grants, is recognised when the charity has enlillemenl lo the fvnds, any perf0mlan conditions attached lo the grants have been mel, it is probable that the income WIN be received. and the amount can be measured reliabty and not deferred. Donations are recognised when the Charrty has been notified in writing d both the amount and Settment dale. In the event that a donation is subjed to condrtions that requre a Ve1 of rErformance fOre the tharity i4 entitled to ttE fund5, ts inwme is delerred * nol recDgllised until erther those condrtions are fulty rTEt. or I fuifilment of those con¢Jitions is wholly within tt control of chanty. a1 rt ts probable that those condrtions wll be fulfilkd in the reporting pirod. Income generated from the subsidiary is recognised th1¢h the period it Is reNed. This income represents nel invoiced sales of rvices, exduding value added tax. whiGh ts rectyjnised when the services are piovided. Expenditu Li8"11t1es are recogni5ed a5 expenditure as soon as there a legal or GonstnJGtNe obli9ation wmrnitting the charty to that expenditure, it ts prtsbab that a transfer economic benefits will required in seltletnent and the amount of the obligation can be measure(1 reliabty. Expenditure is accounted lor tsn an accruals basis and has been classifd under headings Ihat agggate all cost related to the category. ere costs cannot be directly attributed to particular heading5. they have been allocated to activrties on a basis Gonsi5tentwilh the use of resources. Allocation of support costs Support costs ale those functions that assist the woth of Ihe charity but do nol directty undertake charitab activities_ Support costs include back office costs. financè. tsonnel. payroll and govèmancè costs which support the Trusts artistic programmes and activrt*s. T costs have allocated belween cost of raising funds and expenrtU tharitab actwities. Tangible fixed assets Depfecialion ts provKled at Ihe following annual rates in orderto wnte off each asset over its estimated useful life. Freehold prop and fawm buildings Plant & machinery. farm equipment 2% on cost Straight line over4- 20 years Page15 continued...
EUDYR COMMUNtrES TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES- continued Related party exemption The charitable company has ten Jvantage of exemption, urKler the tenns of Financial Reporting Standard 102 The Financial Reporfvng Standard applicable in the UK and Republic of Irelanrf. not lo disdose related paty transactions with wholly owned subsKsrS within the 9roup. Taxation The charity is exempt frryn corporation tax ts charitable actNrtE5. Fund a¢¢ounting Unrestrided luThls can be used in a¢dance wlh the cknarrtab c)Jectives at the ¢JiscretK)n cl the trustees. Restricted fUS can onfy be used for particular restricted purrM%es within the objects of the charity. Restrictions arise when stecifpd by Ihe donor or when luThYs are raised for p8rlKular ie5tricted purposes. Designated funds are unfestricted lunds but are hekl for speufied purposes. Further explanation of the nature and purpose ofeath fuTrJ is Ind in the notes lo the finanaal stalernents_ Debtors Trade and other debtors are recc¥Jnised at the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaKI net of any tr&Je discounts due. Cash at bank and in hand Cash at bank aThJ cash in hand indLKles cash and short tem) h$hty 1v4u investments with a short maturity of three months or le55 from the date of acquisition oropening of the deposit or similar account. Credittits and provisians Credrtors antj provisions are recognised where the charity has a present oblKJation resutting from a past event Ihal will probably result in the transfer of funds to a third paty and the arnounl due to settle the oblatIon can be rneasured or estimated reliabty. Credrtors and provisions are nomialty reCniSed at their settlement amount after allow.ng for any trje di%counts due. The charity only has financial assets and financial Irabilities of a kind th qualify a5 basic financial instrument5. Basic financial in5trumenls are inrtialty recogni5ed al Iransaction value and subsequently rneasured at their Settment value wrth the exception ol bank loans which are subsequently measured at amoth.sed cost using the effective inleresl method. Pension costs and ather p)st-retirement beneffts The charitable company operates a defined contribution pension scheme. Contribuljons payable to the Charitab company's pension scheme are charged to Statement of Financial Aciivrties in the period to which they rel81e. Irrecoverable VAT Irrecoverab VAT is charged aga$t the expenditure heling for vthich it was incurred. Legal status of the Charity The Charity is a company limited by guarantee aThJ has no Sha capital. In the event of the chafity being wound . Ihe liabilty in resrxt of Ihe guarantee i5 l¥nrtaY kn £1 ter member of the charity. Interests in subsidiaries Intests in subsidiaries are inrtialty measured at cost aThJ subsequenlfy measured at cost less any accumulated impairment 10$5es. The investments are a5se55ed for wnpairrnent at eath reporting date and any irnpaiimenl losses or reversals of impairment bosses are recognised immediatety in profit loss. A subsKliary is an entity contrtslled ty the charitable company. Control ts the powei to govem the financial and operating poliaes ol the entity so as to obtain benefits from its activities Page 16 continued...
ELIOYR COMMUNMES TRUST LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES- contlnued Financlal InslTuments Basic financial assèts, whh indude debtors and cash and bank balances. afe inilialty rneasuied at transaction price induding transadion G05t5 and are 5ubsequenlty caffled at amorrised cost using the effectwe interest methc¥J unless the arrangement constrtutes a finanung transaction. Whe the transaction ts measured at the present value of the future eIptS discounted al a market fate of iterest. Finanual assets cLassified as receivable within one year are not amortised. Basic financial lia.1leS. induding creditc¥s. bank loans and loans from lellow gioup companies that are dassified as debt. are inrtialty recognised at transaction price unless the arrangement constitutes a finanang transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of inieresL Finanryal liabilths das5ified as payab within one year are not arnortised. EÈbt instruments (other than those wholty repayable oc receivable wrthin one yearl, induding loans and other accounts reIv?b1e and payab, are inrtialty rneasu al presenl val(E of the future cash Ilows and subsequenlty at amortised cost using the effective interest method. tkbl instruments that are payable or receivab within one year, typicalty trade deblors and credit015. ale rneasured. ini¢ialty and 5ub5equently. al Ihe undi5eounted arnount of the cash or other cOnseratioN expected to be paid recewed. Howèvèi, rf thè arrangements of a short-lerm instrument constrtute a finanang transaction. like the payment of a trade debt deferred beyond nomial business terms or In case crf an outright short-term ban thal i5 noi at market rate, Ihe nanGial a$5et or liability i5 measured. Initial at Ihe present vue of future Cash fl¢)w5 d15counled al a market rate of interest for a similar debt in5trurnent and subsequentty at am(yb5ed c05t. Un$5 rt qualrfies a5 a loan frorn a director in the case of a smal company, or a benefit entty concessionary loan. Finanaal assets that a measured at cost aThJ amortsed cost are assesse(l at the end of each reporting date. pa 17 continwl...
ELIDYR COIIIMUNITIES TRLIST LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 DONATIONS AND LEGACIES 2024 2023 Donations 217.063 1.658.091 OTHER TRADING ACTIVITIES 2024 2023 Fami income Other income Property rental income Agricultural grants 323 34,502 80,985 19.642 105 16.500 59,594 21.225 CHARITY- OTHER TRADING ACTMTIES 135.452 97.424 Support Inccthe- Ttr•ry Valley ca Limited 143 091 GROUP- OTHER TRADING ACTIVITIES INVESTMENT INCOME 2024 2023 Deposrt Ace¢yJnt Inte$1 46.957 15.854 INCOME FROM CHARITABLE AcnviTIES 2024 2023 Slu¢Jent fees and lated income Grants ResK*nl Ser¥ Reskyent SeNr 6,455.235 5.713.352 10,000 6,455,235 5,723.352 Grants rwEi¥ed, incknyed in Ihe above. are as follNIs." 2024 2023 Beatre Laing 10.000 10.000 CHARITABLE ACTMTIES COSTS Sjpport costs (see nole 71 Direcl Costs Totats Resident SerVe5 Towy Valky Care Cost5 6.260.240 123.209 252,465 3,502 6,512,705 126.711 Pajè 18 continued...
ELIDYR CCYaMUNmES TRUST LTD NOTES TO THE FINANCIAL STATEMENTS - ¢ontÉnu FOR THE YEAR ENDED 31 JULY 2024 SUPPORT COSTS Support costs have been included wthin OUrceS expended on charitsb activrtE5_ During the year £255.967 12023 £252.7371 was spent on support C051s. An anaty5is of support cosls are as follows."- Support Costs Tolal 2024 Total 2023 Information Technology 53,743 47.824 Professional fees 54.639 77.884 Auditors remuneration 13,950 11.280 Bank charges 5.018 5,344 off expenses & Advertising 91,687 77.423 eank loan inleresl 36.930 32,982 TOTAL 255.967 252.737 NET INCOMEIIEXPENDITUREI Net incomellexpendrturel s stated after chargingl(credth"n91'. 2024 2023 Auditors. rwnuneration DeprerJatK)n - owned assets (Defi'citllsurplus on disposal of fixed assels 13,950 132.042 13,224 133.765 562 TRUSTEES, REMUNERATION AND BENEFITS There were rrf) Iru5tee5' remuner*K)n or other benefrt5 for the year ended 31 Juty 2024 nor for the yoar ended 31 2023. Trustees. expenses During the year. trustees. Iravelling expenses of £1.990 paid12023'. £1.8141. 10. STAFF COSTS Group 2024 Charity 2024 2023 2023 Gross Salaries Social Security Costs Pension 4.063.801 350.330 157,120 4.571.251 3.749.780 309.310 123.295 3.896.035 3.961,422 341.982 156.613 4,460.017 3,667,998 302,206 122.429 4,092,633 The average rnonthty nurnber of employees during the year was as follows.. Group Charity 2024 2024 2023 2023 Ernployed staff 181 181 177 177 Page 19 continued...
ELIDYR COMMUhlTIES TRUST LTO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 10. STAFF COSTS- continued The number ofemployee5 vAM)se employee tenefits (excluding empkryèr pènsx>n costs) èxceeded t60.000 was." Group Charity 2024 2024 2023 2023 Hhest pa employees £70.001- £80.000 The total employee trEnefrts rÈ¢eNed during Ihè year of thè management personnel (rf the charty was £195.717 12023. £266.9521_ 11. COMPARATIVES FOR THE CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES Unresincled Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM DonatK)ns and legacEs 620 1.657.471 1.658,091 Charitablé activitit5 ResKlent Services 5.723.352 5.723.352 Othef trading adllieS Investment Income Other income 237.876 15.854 5621 237.876 15,854 5621 Total 5,977.140 1,657,471 7.634.611 EXPENDITURE ON Charitable activities Resident ServrEs Tr3ding Company Costs 5.68B.072 106.689 96,080 5,784,152 106 689 Total Expenditure 5.794.761 96.080 5.890,841 NET INCOME BEFORE TAXATION 182,379 1.1.391 1,743,770 Taxatk)n 11.7851 11,7851 NET INCOME 180.594 1,561,391 1,741.985 Transfers between lunds 10.(X)O 10.0001 Net movement in funds 190.594 1.551.391 1.741.985 RECONCILIAnON OF FUNDS Total funds brought forward 5.296.421 8.195 5,304.616 TOTAL FUNDS CARRIED FORWARD 5.487.015 1.559.586 7.046.601 Page 20 continued...
ELIDYR CCWIAUNITIES TRUST LTO NOTES TO THE FINANCIAL STATEMENTS- contind FOR THE YEAR ENDED 31 JULY 2024 12. TANGIBLE FIXED ASSEfs- GROUP AND CHARwrY Freehol pr(w and farm buiklings Planl & machinery, farm equipment Tota15 COST At 1 August 2023 ditions 7.592.200 1,166,355 58.088 8,758,555 58.088 At 31 July 2024 7.592,200 1.224.443 8 816.643 DEPRECIATION At 1 August 2023 Charye for year 1.821.008 99.341 1,050.731 32.701 2,871,739 At 31 Juty 2024 1.920.349 1.083.432 3 003,781 NET BOOK VALUE At 31 ju 2024 5.671.851 141.011 5,812,862 At 31 July 2023 5,771,192 115.624 5.886.816 13. FIXED ASSETINVESTMENTS- CHARrrY Sha$ in group undertakin95 MARKET VALUE At 1 August 2023 and 31 Juty 2024 NEf BOOK VALUE At 31 Juty 2024 At 31 Juty 2023 The were no investment asset5 Outside the UTrQ The cornpany's inveslmèntS at the balan¢È sheet date in the sha wital of ¢omp3niès indude thè following". Towy Valley Care Limiled Re9islered offe.. EIKtyrCommunrtE5 Tw5t. RhandIrM¥n. Llandovery. Wales. SA20 ONL Naturè ofbu5ines5". Provision of Ca se@5 Clas5 Of share.. Ordinary holding 100 2024 2023 Aggregatè capital and reseryes Profit for the year 58,990 10.982 67.919 24.452 Page 21 conbnued...
ELIDYR COIIIMUNMES TRUST LTD NOTES TO THE FINANCIAL STA TEMENTS - continued FOR TklE YEAR ENDED 31 JULY 2024 14. STOCKS- GROUP AND CHARITY 2024 2023 Fami stock Oiher stock 1.464 7.273 1.233 8.737 15. DEBTORS: AMOUNTS FALLkYG DUE MTHIN ONE YEAR Group 2024 Ctharity 2023 2024 2023 Trade debtors Amounts owed by group undertakings Othei debto Prepayments 139.248 177.482 129,261 1.361 10.149 99.129 167,058 243 811 103,384 10,149 99.129 811 103.384 248.526 281.677 239.900 271.496 Included in debtors is an amount due from ts subsKliary totaning £1,361 12023 £2431. 16. CREDITORS.. AhlOUNTS FALLING DUE WH1N ONE YEAR Group Ctharity 2024 2023 2024 2023 Bank loans and overdrafts notè 181 Trade creditors Soaal security and other taxes Other credrtors Accrued expenses 25.000 195.383 81.521 116.226 60.866 25.000 213.$42 84.301 123.456 60.150 25.000 193,322 79,836 114.234 60.866 25,000 212.782 77,647 123,456 58.236 478. 5fxf.449 473.258 497.121 17. CREDITORS.. AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR- GROUP AND CHARITY 2024 2023 Bank loans15ee noie 181 490.765 503.556 LOANS An analys of the maturrty of kjans is gwen bekAv_" 2024 2023 Amounts lalling due within one year on dema1". Bank overdrafts and loans 25,000 25,000 Arnounts falling been one and Yea.. Bank loans - 1-2 years 25,000 25,000 Arnounts falh.ng due befvRen arKI fve yea". Bank loans - 2-5 yea 87.000 87.000 Arnounts fa15ng due in rn0 Ihan five year5.. Repayable by instalments" Bank loans more S yr by instal 378.765 391,556 Page 22 continued...
ELIDYR COMMUNITIES TrUST LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 19. SECURED DEBTS The following secured debls are included wfthin rxedrtots". 2024 2023 Bank loans 515.765 528.556 The Royal Bank ol Scotland PLC has a fr<ed and Iloating charge over the freehokl prope known as NantgM¥yn. 20. MOVEMENT IN FUNOS - CONSOUDATED Net movement in fund5 Transfe between funds At 31.7.24 At 1.8.23 Unrestricted funds General fvnd General fund- Towy ValY Care Limited Designated fvnds - Fixed asset5 Oesignated nd$- Care H(e Capftal Re-Developmenl 1,456,416 92.339 3.838.260 1LKJ.(K)O 313.380 18.495 11.262 1,781,058 110,834 3.776.998 150,000 161.2621 50.000 5,487.015 331.875 5,818,890 Restricted funds Parents Associa*"on Restricted- GarnId Bams Victoria House Mary Hornlray Restricted Asset- GamIryd Bam 15,136 22.279 71 20,385 19,6921 19.929 12.0001 35.521 12,587 20,0(KJ 1.520.100 1.520.100 1,559.586 28,622 1,588,208 TOTAL FUNDS 7.046.601 360.497 7,407.098 Net movement in funds, inclu¢Jed in the above are as follows". Incoming resources Resources expended Mcwement in funds Unrèstrict funds General fvnd General lund- Tobty ValY Care Linrted 6,640.101 143.091 {6.326,7211 1124,5961 313,380 18,495 Rèstrict•d furbds PaTents Assooation Restricted - GarnlNvyd Bams Restricted - VKtoria House Restricted- Mary Homfray 20,38S 174.221 20.1X)O 20,385 19,6921 19,929 12.0001 1183,9131 12,0001 TOTAL FUNDS 6.997.798 6.637.301 360,497 Page 23 continued...
ELIDYR COMMUNITES TRUST LTD NOTES TO THE FIK4NCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024 20. MOVEMENT IN FUNDS - continutd Comparatives forrno¥ement in funds Net meMent In funds Transfers belween funds Al At 1_8.22 UnStricted funds General fund Geneial fvnd- Towy Valley Care Limiled Designated funds- Fixed assets DeswJnated fund- Respitality 1.321,422 60.361 3,914,638 148.616 31.978 113,6221 1.456,416 92.339 3.838.260 100000 176.3781 5.296.421 180.594 10.Tr)0 5.487,015 Restricted funds Parents Association Restricted- Garnd Barns Educalion Hub Victoria House Mary Homfrdy Restricted Asset- GarnWy Barns 8.095 100 7.041 22.279 10,000 71 15,136 22.279 11001 110.0001 71 2.000 1.520,100 1.520.000 100 1 561.391 10.000 TOTAL FUNDS 5,304.616 1,741,985 7,04S.601 ComparalNe net movement in hjnds. inc*Jded in the above are as follows InGomirvJ resou$ Resource5 expended Movement In funds Unrestricted funds General fund General lund- Towy Valey Care Limited 5,836,688 140,452 15.688,0721 1108,4741 148.616 31.978 Restricted funds Parents Assouation Restricted - Gamlw Barns Education Hub Vtoria House Mary Hc¥nfray Re51ricted Asset- Gamwd Bams 10,471 114.000 10,000 13.4301 191.7211 7.041 22,279 10.OCK) 71 2,000 1,520.0(K) 19291 2,000 1.520.000 TOTAL FUNDS 7.634.611 5.892.626> 1.741.985 Page 24
ELIDYR cmUNITIEs TRUST LTD )TES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 JULY 2024 20. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as folltrs_" Transfers between fund5 movement funds At 31.7.24 At 1.8.22 Unrestricted funds GerEral fund Gereral fund- Towy Valley Care Limited Designaled funds- Fixed assets DeSnated fund- Care Hc¥ne Capital Re-Development 1.321.422 60.361 3.914.638 461, 50,473 12.3601 1.781.058 110,834 3.776,998 150,000 1137,6401 150.000 5.296.421 512,469 10.000 5.818.890 Rèstrict•d funds Parents Association Reslricled- Gam11 Barns Education Hub ctona House Mary Homfray Restricted Asset- Gam1 8ams 8.095 100 27.426 12.587 10,000 20.000 35.521 12.587 11001 110.orx)I 20.000 1.520.000 11X) 1.520,100 8,195 1.59).013 10.000 1 588.208 TOTAL FUNDS 5.304.616 2,102.482 7,407.098 A current year 12 months and prior year 12 monlhs con)ined nel mo¥enEnt in fund5. induded in the above are as follows". Incoming resour5 Resources expended Movernent in funds Unstricted funds Gener31 fund General lund- Towry Valky Care Limite(I 12.476.789 283.543 112.014.7931 1233,0701 461.996 50,473 Restricted fvnds Parents A550ci3110n Restricte¢J- Garnllvryd Bams EduCatn Hub Victoria House Mary Homfrsy Restricted Asset- GarnlW 8arns 30.856 288.221 10.0(X) 21.OLNJ 2,000 1 520 000 13,4301 1275.6341 27.426 12.587 10.000 20.0 11.0001 12.0001 1 520 000 1.872.077 282.0641 1.590.013 TOTAL FUNDS 14.532.409 12.529.927 2.102,482 Page 25
ELIDYR C(WUNITIES TRUST LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EMDED 31 JULY 2024 20. MOVEMENT IN FUNDS-CHARITY Nèt movement in funds Transfer5 between funds At 31.7.24 At 1_8.23 Unrestrlcted funds General lund tksignated funds - Fixeil assets Cksignated- Care Home Capital Re4)eveloF¥nenl 1.480,837 3.838.260 100.000 340.893 11.262 161,2621 50.000 1.832.992 3,776,998 150,000 5.419.097 340.893 5.759.990 Restrlcted funds Parents A55oGialion Restricted- Gam LW Bains Restricted Asset- GaMId Barn Restricted- Victoria House Reslricled- Mary Hcmnlray 15.136 22.279 1.520.100 71 20.385 19,6921 35,521 12.587 1.520,100 20,LX)O 19.929 2.000 1.559.586 28.622 1.588,208 TOTAL FUNDS 6.978.683 369.515 7.348.198 Net movement in lund5. induded in the above are as loJk)w5'. IncomiThJ rÈsOUrte5 Reswrces expended ovement in funds unrestrict funds General fund 6.667.614 16,326.7211 340,893 Restricted ftjnds Parents Association Reslricled- Garn LW 8ams Reslricled- Victoria House ReStrted - Mary Hcmnlray 20.385 174,221 20,LI)O 20.385 19.6921 19.929 2.0001 1183.9131 2,0001 214.606 185.9841 28.622 TOTAL FUNDS 6.882.220 6,512.705 369,515 Compardtlves for movement In filnds Translers between funds movement in funds At 31.7.23 At 1.8.22 Unrestricted funds General fund DespJnated lunds - Fixed assets Designated - Care H¢Jme Capital Re-Developrnenl 1.321.422 3.914.638 173.037 113.6221 176,3781 100.000 1.480.837 3.838.260 100.000 5,236.C60 173,037 10.000 5.419,097 Restricted fvnds Education Hub Parents Association Restricted - Gam Ld Barns Re5tncted Asset - Gamlwd Bam Restricted - Victoria House Restrthd- Mary Hcmfray 10,000 7.041 22.279 1.S20,000 71 2,000 110.0001 8,095 100 15.136 22,279 1,520.1CM) 71 2,000 11001 100 8195 1 561,391 10,000 TOTAL FUNDS 5.244.255 1 734 428 6 978.683 P>¥ 26
EUDYR COMMUhmES TRUST LTD NOTES TO THE FINANCIAL STATEMENTS- continuad FOR THE YEAR ENDED 31 JULY 2024 20. MOVEMENT IN FUNDS - continued C(parate nel Movent in funds. included Ihe above are as folows". Incorning resources Resources expended MovÈmÈnl in funds Unrpstrieted fvnds General fund 5.861,109 15,688,072) 173,037 Re5tri¢ted fund5 Education Hub Parents Association Resliicted- Garn Llwyd Barns Restricted Asset- Gamlwd Bam Restricted - VOria House Reslricle(l- Mary H(faY 10,000 10.471 114.000 1.520.000 1.000 10.000 7.041 22,279 1,520.000 71 13.4301 {91.7211 19291 1.657.471 1.561.391 TOTAL FUNDS 7.518.580 5,784.152 1.734.428 A current year 12 month5 aThl prNy year 12 month5 c(ynbined positk)n i5 as follows". Net Movent in fvnds Transfers bethen fund5 At 31.7.24 At 1.8.22 Unrestri¢ted funds General fund Designated funds- FLxed assels Designated- Cale Horre Capital Re-Development 1.321.422 3.914.638 513.930 12,3601 1137.6401 150,000 1.832,992 3.776,998 150.000 5.236.060 513,930 10.000 5.759.990 Restricted funds Education Hub Parents Association Restricted- Gam Ld Bams Restricled Asset- Garnlwd Bam Restricted- Victoria House 10,000 27,426 12.587 1.520.000 20.000 110,0001 8,095 11XJ 35.521 12.587 1.520.100 20,000 11001 100 8,195 1,590.013 10.000 1,588,208 TOTAL FUNDS 5.244.255 2.103,943 7.348.198 Pa9e 27
EUDYR COMMUNITIES TRUST LTD NOTES TO THE FINANCIAL STATEMENTS- contbnuèd FOR THE YEAR ENOED 31 JULY 2024 20. hlOVEMENT IN FUNDS - continuéd A ujrnt year 12 months and or year 12 months combined net movement in funds, included in the above are as follows". Incoming restyjrces ReSoUrS expended Movement in funds Unrestri¢ted lund5 General lund 12.528.723 {12.014,7931 513,930 Re5tri¢ted fvn(ts Educalion Hub Parents Assooation Restrrted - Garn Lwd Barns Reslricted Asset- GarnId 8am Restricted- Victoria House Restricte(l- Mary Homfray 10,000 30.856 288.221 1.520.000 21.000 2.000 10,000 27,426 12.587 1,520.000 20,000 13.4301 1275.6341 11,0001 2.0001 1.590.013 TOTAL FUNDS 14.400.800 I12,2,857) 2.103.943 21. RELATED PARTY DISCLOSURES Included thin the travel aThJ coach hife expenses inoJrred ty ihe Charty are amjnIS paid to the Trustees of £1. 12023 £1.8141 for miage eXnSes. Two trustees have a child who was a resKlent dunn9 the year. Howe¥er. the f&s are set an Individual basis. depending on Ihe chikl's needs aThJ are onty negotiated wrth the reSent'S Local Authorrty. The Irustees have no Influen on this. 22. DESIGNATED FUNOS Thete are 2 designated funds %b7th a balance at the year end. Fixed a55ets - this repSentS the NBV of Ihe fixed as5els 55 assets under C)nstruCJn at the year end, less any oulslanding loan balan felatry to frA&J assets- £3.776.998 Care Home Capltal Re-Development- ihe Charty's contrl)ution towards the care hthi)e capital redevelopment at the srte of Rhandim)vtyn -£150.000 Page 28
EUDYR COMMUNITIES TRUST LTO NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 23. RESTRICTED RESERVES There a 4 reslricted funds vthth balances at the year end. aThJ 6 being utih'sed during the year. they relate lo donations and grants being recei¥ed in thts year or last year to fund 5pwfic actNitEs aThY expenditure. The restricted funds are". Garnllwryd 8ams To cover the mnning and relurt)ishment costs of the prcyerty. Gamtrwyd Bams Parents Association Funds held on behaw ofthe Pare1 AsscKialion. Tr use of the funds is the approval of the Associath"on. Education Hub l Big Lottery This relates to grantldonattons recepied for the devdopmenl of Ihe Community Educational Hub. The income related to capital expenditure which has ncrw L*en compkted the Community Educational Hub ncw cyen. Victoria House Grants recewed from The Wa CharifatAe Tru51 forlhe installation of a lfft at vora House. Mary Homfray Funds hekl for the purtha5e ol Duke of Edirtjurgh campry equipment. Restricted Asset- Garnllwyd Bams A special trust in which the chafity is the trustee. This indudes donations and a donated property which is Controlled by the charity to enable the charity to furlher its charrtable aims 24. SHARE CAPITAL The company is limited by guaranteè and as there is no share capital. Thè mèmbèrs are limited to a liabilty of £1 In Ihe event the oornpany is wound (. Page 29