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2025-07-31-accounts

REGISTERED COMPANY NUMBER: 01484530 (England and Wales) REGISTERED CHARITY NUMBER: 510108

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Mid and North Wales Training Group Limited

Morgan Charter Cross C 9 High Newtown Powys SY16 2N

Griffiths LLP ed Accountants hambers Street

Y

Mid and North Wales Training Group Limited

Contents of the Financial Statements for the Year Ended 31 July 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 20

Mid and North Wales Training Group Limited

Reference and Administrative Details for the Year Ended 31 July 2025

TRUSTEES R Benyon
C R Gilliard
B N Murray
Ms P A Evans (resigned 16.9.24)
J A Bebb
M D Mills
P J Webber
M D Miles
Dr J Jones
COMPANY SECRETARY Mrs S C Stephens
REGISTERED OFFICE Myrick House
Hendomen
Montgomery
Powys
SY15 6EZ
REGISTERED COMPANY 01484530 (England and Wales)
NUMBER
REGISTERED CHARITY 510108
NUMBER
INDEPENDENT EXAMINER Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY
SENIOR MANAGEMENT N Jones
A Ellis

Page 1

Mid and North Wales Training Group Limited (Registered number: 01484530)

Report of the Trustees for the Year Ended 31 July 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's object and principal activity continues to be that of the advancement of theoretical and practical education and training of persons engaged in industry and commerce.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning their future activities.

The charity offers the building free of charge for public events for the local community and public bodies.

The charity offers free courses, wherever possible, to learners undertaking Frameworks as part of their Apprenticeships. These are offered commercially to other learners. An example of these free courses are First Aid at Work and Health and Safety training.

The building and computer assets are also available to learners whenever the need requires e.g. when a learner cannot afford a computer for his work.

Page 2

Mid and North Wales Training Group Limited (Registered number: 01484530)

Report of the Trustees for the Year Ended 31 July 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The company has sustained its position as a provider to 2 main contractors and has satisfied and succeeded all quality and quantity targets set by the contractor and Welsh Government for attainment rates in apprenticeship delivery.

We have achieved Programme Success for 24/25 for SAW of 100% and Coleg Cambria of 83%. Timely success rate for SAW at 33% and Coleg Cambria at 25%.

Apprentices have progressed from level 2 to 3, and 3 to 4 in both engineering and management disciplines.

All awarding body certification has been held in place and the company is rated as a low risk centre. Cyber Essentials and Cyber Essentials Plus accreditation was retained.

Policies and procedures were updated in January 2025.

We have attended Careers events at Powys High Schools, Powys & Shropshire Colleges and at Careers Wales events. (including in Ceredigion).

We have supported Llanfyllin High School with IQA support and guidance for their EAL qualification delivery carried out at the school.

Free defibrillator training and First Aid Training has been provided to a number of local communities/organisations. Myrick's own defibrillator is available for public use and remains located outside the Myrick building.

Green Dragon L2 Environmental Standard and Investors in People standard has been retained.

We successfully secured "Have a Go" careers inspire equipment from Welsh Government. This equipment is available for use by local schools and organisations. Montgomery Robotics Club have utilised 4 Lego Robotics kits for their Institute of Engineering & Technology National First Lego League Challenge Competition. We also built and provided 2 tables for their use.

We have supported Newtown High School with loan of Have A Go equipment, provided STEM sessions at local primary schools including Buttington Trewern "Inventors day" activities, Leighton "Maths Inspire Morning".

Sponsorship and support has been provided to a number of local organisations including sponsoring the Charity/Social Enterprise Award at Powys Business Awards, sponsoring the World Championships for Town Criers in Montgomery, and sponsoring the Rising Star award at Game Change Project Awards.

Merlin Smout of Invertek won the Partners Apprentice of the Year award at Coleg Cambria awards. Kieran Peel of Kiernan Steel was "Highly Commended" in the UK Metals Industry Apprentice of the Year Award.

Improvements continue to be made to the Myrick building with fluorescent lights replaced by LED lighting.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities shows a net surplus from ordinary activities for the year of £36,670 (2024 surplus of £49,140) and reserves now stand at £519,511 (2024 £482,841).

The charity's funds have all been applied in accordance with its objectives and the charity's assets are all being maintained in the furtherance of these objectives.

Principal funding sources

The principal funding source for the charity is income generated from training activities.

Page 3

Mid and North Wales Training Group Limited (Registered number: 01484530)

Report of the Trustees for the Year Ended 31 July 2025

FINANCIAL REVIEW

Investment policy and objectives

Under the memorandum and articles of association, the charity has the power to make investments which the trustees see fit. The assets of the charity are available and adequate to meet its obligations for the foreseeable future.

Reserves policy

The trustees and directors have established a policy whereby the unrestricted funds not committed or invested in tangible or intangible fixed assets (i.e free reserves) held by the charity should be equivalent to six month operating costs.

Free reserves which equate to net assets (excluding restricted funds) amount to £256,034 (2024: £218,147).

The Financial Risk Management policy is reviewed annually and the level of reserves is reviewed by the trustees on an ongoing basis.

FUTURE PLANS

To retain and increase our sub-contract provision with our 2 existing providers for the new Work-Based Learning contract term. Including working with our contractors to understand and maximise the scope of MEDR who control all post-16 education within Wales, insuring we understand fully and recognise changes to working practices to be introduced by MEDR.

To further improve the success rates of learners achieving, and improve the rate of learners completing on or before their expected end dates.

Embed the relationship between both organisations to support companies in the region.

To develop our STEM delivery using the 'Have A Go' kits and continue to provide this to local schools.

To monitor and record the building efficiency improvements that have been made to the building that have included in recent years: LED lighting, solar panels, increased loft installation, new uPVC window frames and glass panels.

To re-purpose Myrick's downstairs 'BTEC Electronics' room to a usable Have A Go kit assembly/storage area.

To provide ongoing defibrillator training and support to local community groups.

To increase our nvq qualification provision to local companies, by offering installation and commissioning as an additional engineering pathway.

To increase our First Aid training provision to local companies by including accredited mental health courses to our delivery.

To ensure staff retirement(s) are planned for and carried out, allowing a smooth handover to new assessor(s).

To train an additional 2 members of staff to IQA.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

This charity is also known as 'Myrick Training Services'.

Page 4

Mid and North Wales Training Group Limited (Registered number: 01484530)

Report of the Trustees for the Year Ended 31 July 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The Board has the power to appoint additional trustees as it considers fit to do so. All directors of the company are also trustees of the charity and there are no other trustees. All of the trustees named above served throughout the year unless appointed or resigned as shown.

Organisational structure

The charity is organised so that the trustees meet regularly to manage its affairs. There are ten full time or part time employees who manage the day to day administration for the charity, and organised the various educational and training courses operated during the year.

Induction and training of new trustees

The familiarisation of new trustees with the charity and the context within which it works takes the form of:

Related parties

Since March 2021 the Charity has been the sole member, and thus controlling party, of Mid Wales Manufacturing Group Ltd (MWMG).

MWMG is a not-for-profit company limited by guarantee, founded in 1994 with objects including promoting the manufacturing industry in Wales, improving the success, quality, profitability and efficiency in manufacturers in Wales and promoting and enhancing the education, training and skills of persons in Wales.

The two organisations' close cooperation includes the sharing of skills, resources, knowledge and joint ventures to the mutual benefit of both parties, in ways that are deemed by the Trustees to be beneficial to the Charity in furtherance of its objects.

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

Approved by order of the board of trustees on 20 April 2026 and signed on its behalf by:

B N Murray - Trustee

Page 5

Independent Examiner's Report to the Trustees of Mid and North Wales Training Group Limited

Independent examiner's report to the trustees of Mid and North Wales Training Group Limited ('the Company')

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

Responsibilities and basis of report

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

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

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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

Thomas Landers BA FCA

Morgan Griffiths LLP Chartered Accountants Cross Chambers 9 High Street Newtown Powys SY16 2NY

20 April 2026

Page 6

Mid and North Wales Training Group Limited

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 July 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Training
Investment income
3
Other income
Total
EXPENDITURE ON
Charitable activities
5
Training
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.7.25
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
11,847
-
11,847
522,404
-
522,404
1,002
-
1,002
3,360
-
3,360
538,613
-
538,613
501,943
-
501,943
36,670
-
36,670
482,841
-
482,841
519,511
-
519,511		 31.7.24
Total
funds
£
-
439,818
1,124
3,360
444,302
395,162
49,140
433,701
482,841

The notes form part of these financial statements

Page 7

Mid and North Wales Training Group Limited (Registered number: 01484530)

Balance Sheet 31 July 2025

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
19
Unrestricted funds
TOTAL FUNDS		 31.7.25
£
263,477
-
263,477
39,908
328,668
368,576
(111,923)
256,653
520,130
(619)
519,511
519,511
519,511		 31.7.24
£
264,694
-
264,694
46,058
223,548
269,606
(48,299)
221,307
486,001
(3,160)
482,841
482,841
482,841

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 8

continued...

Mid and North Wales Training Group Limited (Registered number: 01484530)

Balance Sheet - continued 31 July 2025

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

The financial statements were approved by the Board of Trustees and authorised for issue on 20 April 2026 and were signed on its behalf by:

B N Murray - Trustee

The notes form part of these financial statements

Page 9

Mid and North Wales Training Group Limited

Cash Flow Statement for the Year Ended 31 July 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 31.7.25
£
107,544
(471)
107,073
(415)
1,002
587
(2,540)
(2,540)
105,120
223,548
328,668		 31.7.24
£
16,754
(493)
16,261
(8,110)
1,124
(6,986)
(2,492)
(2,492)
6,783
216,765
223,548

The notes form part of these financial statements

Page 10

Mid and North Wales Training Group Limited

Notes to the Cash Flow Statement for the Year Ended 31 July 2025

1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW
Net income for the reporting period (as per the Statement
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Debt
Debts falling due within 1 year
Debts falling due after 1 year
Total		 FROM OPERATING ACTIVITIES
31.7.25
31.7.24
£
£
of
36,670
49,140
1,631
2,195
(1,002)
(1,124)
471
493
6,150
(14,372)
63,624
(19,578)
107,544
16,754
At 1.8.24
Cash flow
At 31.7.25
£
£
£
223,548
105,120
328,668
223,548
105,120
328,668
(2,629)
-
(2,629)
(3,160)
2,541
(619)
(5,789)
2,541
(3,248)
217,759
107,661
325,420

The notes form part of these financial statements

Page 11

Mid and North Wales Training Group Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Mid and North Wales Training Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income

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

Interest receivable

Interest on funds held on deposit in included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank.

Expenditure

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

Allocation and apportionment of costs

Support costs have been apportioned to the activity - 'Training' in full.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Motor vehicles - 20% on cost Computer equipment - 25% on reducing balance

No depreciation is provided on freehold land.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 12

continued...

Mid and North Wales Training Group Limited

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investment in subsidiaries

Investment in subsidiaries are recorded at cost less impairment.

2. DONATIONS AND LEGACIES

Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Training
Training Income
Training
Courses
Training
Grants received, included in the above, are as follows:
Ecodyfi Wales		 31.7.25
£
11,847
31.7.25
£
1,002
31.7.25
£
-
469,450
52,954
522,404
31.7.25
£
-		 31.7.24
£
-
31.7.24
£
1,124
31.7.24
£
10,204
355,942
73,672		 31.7.24
£
-
439,818
31.7.24
£
10,204

Page 13

continued...

Mid and North Wales Training Group Limited

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

5. CHARITABLE ACTIVITIES COSTS

5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£
Training
460,295
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Telephone
Stationery & Advertising
External Training Costs
Seminars & Staff Training
Travelling Expenses
Motor Servicing & Repairs
Postage
Motor Licence & Insurance
Subscriptions
7.
SUPPORT COSTS
Management
£
Training
35,064
Support costs, included in the above, are as follows:
Rates and water
Insurance
Light, heat & cleaning
Sundries
Renewal & Maintenance Expenses
Computer software and support
Depreciation of tangible and heritage
assets
Interest payable and similar charges
Accountancy fees
Legal & professional fees
Independent examination fees		 Support
costs (see
note 7)
£
41,648
31.7.25
£
237,872
4,672
11,630
188,848
458
1,101
7,949
17
2,464
5,284
460,295
Governance
costs
£
6,584
31.7.25
Training
£
1,917
6,202
4,987
1,576
5,304
12,976
1,631
471
3,654
1,850
1,080
41,648		 Totals
£
501,943
31.7.24
£
193,152
4,306
6,848
135,257
1,587
1,575
6,429
199
2,177
1,558
353,088
Totals
£
41,648
31.7.24
Total
activities
£
1,709
4,215
7,090
2,104
6,241
10,781
2,195
493
2,606
3,230
1,410
42,074

Page 14

continued...

Mid and North Wales Training Group Limited

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.7.25 31.7.24
£ £
Depreciation - owned assets 1,632 2,194

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.7.25
£
217,217
14,246
6,409
237,872		 31.7.24
£
178,974
8,524
5,654
193,152

The average monthly number of employees during the year was as follows:

Direct charitable
Administration		 31.7.25
7
2
9		 31.7.24
7
2
9

The charity considers its key management personnel comprise the senior management listed on page 1. The total employment benefits including employer pension contributions of the key management personnel for the year ended 31 July 2025 were £85,375 (2024 £73,192).

Page 15

continued...

Mid and North Wales Training Group Limited

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Training
429,614
10,204
Investment income
1,124
-
Other income
3,360
-
Total
434,098
10,204
EXPENDITURE ON
Charitable activities
Training
392,627
2,535
NET INCOME
41,471
7,669
Transfers between funds
7,669
(7,669)
Net movement in funds
49,140
-
RECONCILIATION OF FUNDS
Total funds brought forward
433,701
-
TOTAL FUNDS CARRIED FORWARD
482,841
-
12.
TANGIBLE FIXED ASSETS
Improvements
Freehold
to
property
property
£
£
COST OR VALUATION
At 1 August 2024
247,000
11,110
Additions
-
-
At 31 July 2025
247,000
11,110
DEPRECIATION
At 1 August 2024
-
-
Charge for year
-
-
At 31 July 2025
-
-
NET BOOK VALUE
At 31 July 2025
247,000
11,110
At 31 July 2024
247,000
11,110		 Total
funds
£
439,818
1,124
3,360
444,302
395,162
49,140
-
49,140
433,701
482,841
Fixtures
and
fittings
£
34,450
-
34,450
33,463
234
33,697
753
987

Page 16

continued...

Mid and North Wales Training Group Limited

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

12. TANGIBLE FIXED ASSETS - continued

COST OR VALUATION
At 1 August 2024
Additions
At 31 July 2025
DEPRECIATION
At 1 August 2024
Charge for year
At 31 July 2025
NET BOOK VALUE
At 31 July 2025
At 31 July 2024		 Motor
vehicles
£
24,720
-
24,720
24,720
-
24,720
-
-		 Computer
equipment
£
85,973
415
86,388
80,376
1,398
81,774
4,614
5,597		 Totals
£
403,253
415
403,668
138,559
1,632
140,191
263,477
264,694

The freehold property was valued by Morris Marshall And Poole, Chartered Surveyors, on an open market basis on the 29th November 2023 for £250,000. The historical cost is £57,650. The property is maintained to the highest standard and therefore the freehold property is not being depreciated.

13. FIXED ASSET INVESTMENTS

The charity controls Mid Wales Manufacturing Group Limited, a company limited by guarantee. Its results and financial position are as follows:

Year ended
31.7.25		 Year ended
31.7.24
£ £
Income statement
Income 394,289 304,320
Expenditure -343,449 -259,078
Tax on surplus -15,005 -2,819
Surplus for the period 35,835 42,423
Balance sheet
Assets 266,833 224,014
Liabilities -27,058 -70,074
Reserves 239,775 203,940

This company holds shares in Myrick Training Services Limited, a dormant company that has not traded since 31st March 1997.

Page 17

continued...

Mid and North Wales Training Group Limited

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 17)
Trade creditors
Social security and other taxes
Accrued expenses
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 17)
17.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years

Page 18

continued...

Mid and North Wales Training Group Limited

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
263,477
Current assets
368,576
Current liabilities
(111,923)
Long term liabilities
(619)
519,511
19.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
At 1.8.23
£
Unrestricted funds
General fund
433,701
Restricted funds
Ecodyfi
-
TOTAL FUNDS
433,701		 Restricted
funds
£
-
-
-
-
-
At 1.8.24
£
482,841
482,841
Incoming
resources
£
538,613
538,613
Net
movement
in funds
£
41,471
7,669
49,140		 31.7.25
Total
funds
£
263,477
368,576
(111,923)
(619)
519,511
Net
movement
in funds
£
36,670
36,670
Resources
expended
£
(501,943)
(501,943)
Transfers
between
funds
£
7,669
(7,669)
-		 31.7.24
Total
funds
£
264,694
269,606
(48,299)
(3,160)
482,841
At
31.7.25
£
519,511
519,511
Movement
in funds
£
36,670
36,670
At
31.7.24
£
482,841
-
482,841

Page 19

continued...

Mid and North Wales Training Group Limited

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Ecodyfi
TOTAL FUNDS		 Incoming
resources
£
434,098
10,204
444,302		 Resources
expended
£
(392,627)
(2,535)
(395,162)		 Movement
in funds
£
41,471
7,669
49,140

20. EMPLOYEE BENEFIT OBLIGATIONS

During the year £6,143 (2024 £5,653) was charged to pension contributions. At the year end £555 was outstanding (2024 nil).

21. RELATED PARTY DISCLOSURES

During the year Myrick Training Services provided training workshops for Mid Wales Manufacturing Group in various courses along with course accreditation, guidance & verification to the value of £17,700 to support delivery of UKSPF Projects. They also delivered Teaching Assistant Training to the value of £39350.

WPG provided marketing materials to the value of £243.40

Myrick Training Services provided training courses to NIBS to the value of £215

Myrick Training Services provided training courses to Carpenter & Paterson to the value of £1,495

For each of the organisations listed, they have trustees/directors in common with the charity.

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