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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 2328631(England and Wales) REGISTERED CHARITY NUMBER: 701163

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MENTER FACHWEN

MENTER FACHWEN

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18 to 19

MENTER FACHWEN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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 period ended 31 March 2024. 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's stated aims are to work with people with disabilities. Specifically, Menter Fachwen seeks to ensure that people with learning disabilities are given opportunities to become valued members of their communities, gain respect, self-confidence and have opportunities to develop and increase their skills.

To deliver this aim, the charity runs several small businesses where people both deliver a service to the community and gain skills in the process. The small business employs a supervisor to provide day to day support to beneficiaries, and specialist support workers to deliver specific skills-based training.

In addition, Menter provides support for people who are learning new skills to enable them to live fulfilling lives in their local community.

Menter Fachwen is engaged in life-skills training, which are run from six separate independent life skills bases.

The 2021-25 Strategic Plan emphasised the following:

  1. Restructure businesses so that they had greater relevance to local communities, relocate the existing office headquarters to the old school in Cwm y Glo, establish a new retail base in Cwm y Glo and relocate the Café, Vintage Shop and the Walk and Discover Project. This facility will focus on community involvement.

  2. Continue expansion of the core work by developing a base in Deiniolen and Fachwen for outdoor based activities. This will be called the MENTRO ALLAN Project and will be available to all staff, volunteers, and beneficiaries.

Public benefit

The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding the activities undertaken by Menter Fachwen during the period. The trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements.

Volunteers

There are eleven regular volunteers working throughout the organisation who have contributed over 1,100 hours of their time volunteering.

Other volunteers take part on a regular basis to gain different skills and experiences. We have close ties and connections with local schools and colleges, this has led to many volunteering opportunities for young adults looking to gain experience in the workplace and in the health and social care sector.

ACHIEVEMENT AND PERFORMANCE

Charitable activities - How our activities deliver public benefits

Menter Fachwen continues to provide high quality day and work opportunities for fifty people with learning disabilities. We take every opportunity to develop people’s potential in our community based social enterprises. These enterprises provide opportunities for the charity beneficiaries as well as a social benefit for the wider community.

We work closely with other organisations to ensure we provide the best possible experience. Our activities are always person centred and focused on community participation in ordinary places.

We employ 25 staff who benefit from competitive wages and good working terms and conditions.

Our main source of income comes from our Service Level Agreement with Gwynedd Council’s Social Services Department. Given the current economic situation, the Council’s finances are under significant scrutiny and 2023/24 was a challenging financial year.

Page 1

MENTER FACHWEN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Financial position

The unrestricted funds have risen to £722,153 from £714,094 in 2023. During the year the investment property was sold for £200,000, and part of the income received from the sale was used to clear the mortgage of £72,205 and the remaining amount was unspent at the year-end which increased our bank balance to £352,919 from £229,171 in 2023, which is an increase of £123,748.

Principal funding sources

During the period, the main source of income was from the Local Authority.

FINANCIAL REVIEW

Reserves policy

The charity recognises and accepts its responsibilities as a charity, limited company, and employer to protect the financial viability and continuation of the organisation. In accordance with good practice, it is agreed that monies are allocated towards a reserve. The purpose of maintaining adequate reserves is:

  1. To ensure cash flow (e.g. cover delays in revenue funding)

  2. To cover unforeseen circumstances.

  3. To provide the opportunity to attract/identify alternative funding should existing funds be subject to cutbacks.

  4. To ensure that should funding cease, the organisation would be able to fulfil all its financial and legal obligations when winding up.

The Board has examined the Charitable Company’s requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the Charitable Company should be between 3 and 6 months of the expenditure. The target at the end of the current financial year is £210,000 (for 3 months operating costs) or £420,000 (for 6 months) available in free reserves. We will continue to look for opportunities to build reserves for the future.

FUTURE PLANS

We have a responsibility to look after and improve the value of our assets. We have been improving all our properties, and this will continue in the coming years. Consolidating our existing properties and land has been the priority and will continue to be for the foreseeable future.

CWM Y GLO

We have two sites in Cwm y Glo. The offices and Caban y Cwm are located at London House. We also have a joinery workshop and horticulture service that creates quality benches for local areas and the public, as well as hanging baskets for local residents and public spaces. Menter Fachwen has expressed an interest in Ysgol Cwm y Glo. We have prepared a business plan to reinforce our EOI. The aim is to relocate all activities from London House to the School and provide opportunities for the people we support to participate in more work-based training and community activities. We will relocate the office base and develop the Vintage Shop. The site will include a Coffee Shop selling homemade food, good quality hot and cold drinks, and a community meeting place. The Walk & Discover Centre would have a permanent base on site and a permanent exhibition of the history of the quarries would be housed in that building. The Independent Living Skills bases 1 & 2 would be more accessible to wheelchair users. Community engagement will take place if we are granted a lease, and grant funding will be sought to improve the building and development of accessible facilities.

DEINIOLEN

In 2021 EB’s in Deiniolen changed its day-to-day activities. All three floors are now fully utilised as independent living skills bases. We have worked with the community and offer access to both the kitchen and the café space for community use. The building now serves as a community venue hosting events connected to the World Heritage status of the Quarries in Dinorwig. Members of the community regularly use the building to attend various talks and exhibitions, where refreshments are available for their use.

FACHWEN

Bryn Peris is an eight-acre site with a workshop, cottage, and log cabin. The lower part of this site needs investment and major repairs, particularly to the log cabin and surrounding area. The electricity supply to the log cabin has perished and needs repair and upgrading. The pump to the septic tank is broken, which means the toilets cannot be used, and the site needs fencing due to petty vandalism. We shall be seeking grant funding to help us achieve this goal.

LLANBERIS

The charity manages a shop called Caxton House on the High Street in Llanberis. The shop sells the products of local artists, as well as jams, chutneys, homemade cakes, and items for both locals and tourists. People receive work-based training at the shop. The upper floors of the building will require further investment.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

Page 2

MENTER FACHWEN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Recruitment and appointment of new trustees

Trustees are recruited from the local community, Community of interest or have specific skills sought by the organisation. The current Board of Directors has identified areas of skill and knowledge in their policies and actively recruits to meet needs, whilst being mindful to maintain a representative mix of people. The process of recruitment involves informal meetings, visits to meet staff and beneficiaries and then a formal voting procedure at the Board itself.

Organisational structure

The Board of Directors meet approximately every six weeks to discuss a set agenda. There is also a sub-committee that deals specifically with Finance. The main Board receives reports on Finance, Staffing, Strategic and Forward Planning, Beneficiary matters, Health and Safety and activities carried out on a day-to-day basis. There are 5 Directors with specific briefs: Chair, Finance, Personnel, Health and Safety, Parent /Carer representative.

Induction and training of new trustees

New trustees are given a pack of information containing company policies and a briefing on ethos, aims and objectives as well as the Memorandum and Articles. Prospective trustees are also given Charity Commission guidance relating to the position’s responsibilities. Prospective trustees must attend at least two board meetings before they are formally accepted into the role.

Key management remuneration

The remuneration of paid staff is set by reference to norms in the voluntary sector.

STRUCTURE, GOVERNANCE AND MANAGEMENT Wider network

Menter Fachwen works within the field of the local community and the Community of Interest (disability) in Gwynedd.

Related parties

Where a member of the Board has an interest in any area where transactions take place, they will declare their interest and take no part in that element of the meeting.

The Charity has a policy that all trustees declare their interests in a related party transaction.

Risk management

The trustees have identified and reviewed the major risks to which the charity is exposed and established systems to mitigate these risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

2328631 (England and Wales)

Registered Charity number

701163

Registered office

Bryn Peris Fachwen Caernarfon Gwynedd

Trustees

B Jones – Chair & Health & Safety Ms N Oliver- Vice Chair & Finance

Ms K Bardsley - Parent Representative Ms M Edwards -Personnel (resigned 25 March 2024) Ms G Wheldon - Parent Representative D A Pritchard - Company Secretary A Sharratt – General (resigned 28 November 2023)

Page 3

MENTER FACHWEN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Senior Management Team

Catherine M Toms - Chief Executive Officer (to 26 July 2024) Dr Michelle Freeman - Chief Executive Officer (from 26 July 2024) Iddon Williams - Finance Manager

Company Secretary

Alan Pritchard

Independent examiner

D A Chidley FCA CTA W J Matthews & Son Chartered Accountants 11-15 Bridge Street Caernarfon Gwynedd LL55 1AB

Approved by order of the board of trustees on 03 December 2024 and signed on its behalf by:

............................................. B Jones - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MENTER FACHWEN

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024, which are set out on pages 6 to 17.

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 report

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

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.

D A Chidley FCA CTA

W J Matthews & Son Chartered Accountants 11-15 Bridge Street Caernarfon Gwynedd LL55 1AB

Date:

Page 5

MENTER FACHWEN

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

31.03.24 31.03.23
Total funds Total funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 1,104 23,264
Charitable activities
Training 4 842,760 781,935
Other trading activities 3 3,805 8,910
______ ______
Total 847,669 814,109
EXPENDITURE ON
Charitable activities 5
Training 839,610 770,917
______ ______
NET INCOME/(EXPENDITURE) 8,059 43,192
NET MOVEMENT IN FUNDS 8,059 43,192
RECONCILIATION OF FUNDS
Total funds brought forward 714,094 670,902
TOTAL FUNDS CARRIED FORWARD 722,153 714,094
====== ======

CONTINUING OPERATIONS

All income and expenditure have arisen from continuing activities.

The notes form part of these financial statements

Page 6

MENTER FACHWEN BALANCE SHEET AT 31 MARCH 2024

31.03.24 31.03.23
Total funds Total funds
Notes £ £
FIXED ASSETS
Tangible assets 11 421,992 415,387
Investment property 12 - 200,000
_ _
421,992 615,387
CURRENT ASSETS
Stocks 13 6,520 6,170
Debtors 14 21,639 13,544
Cash at bank 352,919 229,171
_ _
381,078 248,885
CREDITORS
Amounts falling due within one year 15 (80,917) (92,973)
_ _
NET CURRENT ASSETS/(LIABILITIES) 300,161 155,912
TOTAL ASSETS LESS CURRENT LIABILITIES 722,153 771,299
CREDITORS
Amounts falling due after
more than one year 16 - (57,205)
_ _
NET ASSETS 19 722,153 714,094
=======
 =======

The notes form part of these financial statements

continued...

Page 7

MENTER FACHWEN BALANCE SHEET - CONTINUED AT 31 MARCH 2024

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the charitable company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the Board of Trustees on 03 December 2024 and were signed on its behalf by:

............................................. B Jones -Trustee

............................................. N Oliver -Trustee

The notes form part of these financial statements

Page 8

MENTER FACHWEN

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

31.03.24 31.03.23
Notes £ £
Cash flows from operating activities:
Cash generated from operations 1 22,293 42,653
Interest paid (1,840) (4,556)
Net cash provided by (used in) operating activities 20,453 38,097
Cash flows from investing activities:
Sale of investment property 200,000 -
Purchase of fixed assets (24,500) (29,750)
Net cash provided by (used in) investing activities 175,500 (29,750)
Cash flows from financing activities:
Loan repayments in period (72,205) (14,979)
Net cash provided by (used in) financing activities (72,205) (14,979)
Change in cash and cash equivalents in the reporting
period 123,748 (6,632)
Cash and cash equivalents at the beginning of the
reporting period 2 229,171 235,803
Cash and cash equivalents at the end of the reporting
period 2 352,919 229,171

The notes form part of these financial statements

Page 9

MENTER FACHWEN

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.03.24 31.03.2 3
£ £
Net income/(expenditure) for the reporting period (as per the statement of
financial activities) 8,059 43,192
Adjustments for:
Depreciation charges and loss on disposal 17,895 14,374
Interest paid 1,840 4,556
(Increase)/Decrease in stock (350) (510)
(Increase)/Decrease in debtors (8,095) (8,125)
Increase/(Decrease) in creditors 2,944 (10,834)
Net cash provided by (used in) operating activities 22,293 42,653
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.03.24 31.03.23
£ £
Notice deposits (less than 3 months) 352,919 229,171
Total cash and cash equivalents 352,919 229,171

2. ANALYSIS OF CASH AND CASH EQUIVALENTS

Page 10

MENTER FACHWEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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 2015)', 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.

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.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until those conditions are met.

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

Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities or estimated usage.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is not charged on freehold land. Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life.

Freehold property - 1% on reducing balance Motor vehicles - 25% on reducing balance Equipment – 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is recognised in the statement of financial activities.

The property is reviewed for impairment each period by the trustees

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Page 11

MENTER FACHWEN NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES – continued

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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.

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.

Going concern

The charitable company's survival is largely dependent on funding from the local authority. The financial statements have been prepared on the assumption that adequate funding will be received in the future and therefore the trustees consider it appropriate to prepare the financial statements on a going concern basis.

2. DONATIONS AND LEGACIES

Donations
3.
OTHER TRADING ACTIVITIES
Rent and room hire		 31.03.24
£
1,104
1,104
31.03.24
£
3,805		 31.03.23
£
23,264
23,264
31.03.23
£
8,910

Page 12

MENTER FACHWEN

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

4. INCOME FROM CHARITABLE ACTIVITIES

Activity
Care income
Training
Beneficiary transport to work
Training
Sundry income
Training
Businesses income
Training		 31.03.24
£
760,697
5,424
35,190
41,449
842,760		 31.03.23
£
721,614
4,891
8,250
47,180
781,935

Sundry income includes funding from the following sources:

WG Health and Social Care Regional Integration Fund – During the year Menter Fachwen received £18,500 for the purchase of a portacabin.

Mantell Gwynedd: Voluntary Sector Grant (Shared Prosperity Fund) - Funding for £10,000 was received towards new storage heaters at Ty Elidir, Deiniolen, which is a community building that is also used by Menter Fachwen.

5. CHARITABLE ACTIVITIES COSTS

Direct costs
Support costs
(See note 6)
£
£
Training
785,247
54,363
SUPPORT COSTS
Other
Governance
costs
£
£
Training
52,893
1,470
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.03.24
£
Depreciation - owned assets
17,816		 Totals
£
839,610
Totals
£
54,363
31.03.23
£
14,374		 Totals
£
54,363

6.

7. NET INCOME/(EXPENDITURE)

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

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.

Page 13

MENTER FACHWEN NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.03.24
£
569,102
42,779
23,297
635,178		 31.03.23
£
523,954
41,790
22,037
587,781

The average monthly number of full-time equivalent employees during the period was as follows:

31.03.24 31.03.23
Charitable operations 20 18
Management and central services 2 2
22 20

No employees received emoluments in excess of £60,000.

The charity considers its key management personnel comprise the Trustees, Chief Executive Officer, Finance Manager and Supervisors. Total emoluments, including employer pension contributions, of the key management personnel were £176,466 (2023 - £186,683)

The charity operates a defined contribution pension scheme for its employees and the charity made pension contributions for 26 (2023 -24) staff members.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total funds
funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 23,264 - 23,264
Charitable activities
Training 781,935 - 781,935
Other trading activities 8,910 - 8,910
Total 814,109 - 814,109
EXPENDITURE ON
Charitable activities
Training 770,917 - 770,917
Total 770,917 - 770,917
NET INCOME/(EXPENDITURE) 43,192 - 43,192
RECONCILIATION OF FUNDS
Total funds brought forward 670,902 - 670,902
TOTAL FUNDS CARRIED FORWARD 714,094 - 714,094

Page 14

MENTER FACHWEN

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

11. FIXED ASSETS

Freehold
Property
Equipment

£
£
COST
At 1 April 2023
623,942
-
Additions
-
18,500
Disposals
_
_

At 31 March 2024
623,942
18,500
_
_

DEPRECIATION
At 1 April 2023
240,042
-
Charge for the period
3,839
4,625
Dep’n on Disposal
_
_
At 31 March 2024
243,881
4,625
_
_

NET BOOK VALUE
At 31 March 2024
380,061
13,875
======
======
At 31 March 2023
383,900
-
======
======
12.
INVESTMENT PROPERTY
MARKET VALUE
At 1 April 2023
Revaluation
Disposal
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
The investment property was sold in June 2023 for £200,000.
13.
STOCKS
Stocks		 Motor
Vehicles
Total
£
£
84,575
708,517
6,000
24,500
(17,355)
(17,355)
73,220
715,662
_
_
53,088
293,130
9,352
17,816
(17,276)
(17,276)
45,164
293,670
_
_
28,056
421,992
======
======
31,487
415,387
======
======
£
200,000
-
(200,000)
-
200,000
31.03.24
31.03.23
£
£
6,520
6,170

Page 15

MENTER FACHWEN

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors
Prepayments
VAT
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 18)
Creditors
Credit card
Social security and other taxes
Accruals and deferred income
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 18)
17.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Mortgage
Amounts falling due in more than five years:
Repayable by instalments:
Mortgage
18.
SECURED DEBTS
The following secured debts are included within creditors:
Mortgage		 31.03.24
£
5,816
15,793
30
21,639
31.03.24
£
-
2,483
999
12,230
65,205
80,917
31.03.24
£
-
31.03.24
£
-
-
-
31.03.24
£
-
-		 31.03.23
£
12,983
561
-
13,544
31.03.23
£
15,000
4,254
286
10,884
62,549
92,973
31.03.23
£
57,205
31.03.23
£
15,000
15,000
57,205
31.03.23
£
72,205
72,205

The mortgage on Caxton House, 52 High Street, Llanberis has been cleared.

Page 16

MENTER FACHWEN

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

19 . MOVEMENT IN FUNDS

Net Movement
At 01.04.23 in funds At 31.03.24
£ £ £
Unrestricted funds
General fund 714,094 8,059 722,153
====== ====== ======
Net movement in funds, included in the above are as follows:
Net Current Long
Tangible Fixed Assets/ Term Total
Assets (Liabilities) Liabilities Funds
£ £ £ £
Unrestricted Funds 421,992 300,161 (-) 722,153
====== ====== ====== ======

During the year the charitable company received a grant from the WG Health and Social Care RIF Fund for £18,500 towards the purchase of a Portacabin. As the restriction has been met the funds have been recognised within unrestricted reserves at the year end.

Net Movement
At 01.04.22 in funds At 31.03.23
£ £ £
Unrestricted funds
General fund 670,902 43,192 714,094
====== ====== ======
Net movement in funds, included in the above are as follows:
Net Current Long
Tangible Fixed Assets/ Term Total
Assets (Liabilities) Liabilities Funds
£ £ £ £
Unrestricted Funds 615,387 155,912 (57,205) 714,094
====== ====== ====== ======

20. RELATED PARTY DISCLOSURES

Due to the nature of the charity’s operations and the composition of the board of trustees it is inevitable that transactions will take place with organisations in which a member may have an interest. All transactions involving organisations in which a trustee may have an interest are conducted at arm’s length.

The Charity has a policy that all trustees must declare an interest if a related party transaction occurs.

Page 17

MENTER FACHWEN

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Rent and room hire
Charitable activities
Care income
Beneficiary transport to work
Sundry income
Businesses income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Agencies
Insurance
Specific projects
Motor costs
Repairs and renewals
Travelling expenses
Beneficiary costs
Training
Wages for workers with a disability
IT costs
Legal & professional fees
Businesses costs
Carried forward		 31.03.24
£
1,104
1,104
3,805
760,697
5,424
35,190
41,449
842,760
847,669
569,102
42,779
23,297
12,925
18,515
22,143
24,286
17,587
2,265
12,931
545
3,504
5,217
7,175
19,637
781,908		 31.03.23
£
23,264
23,264
8,910
721,614
4,891
8,250
47,180
781,935
814,109
523,954
41,790
22,037
12,181
18,070
4,011
23,292
15,252
1,289
13,219
612
3,196
4,928
5,787
23,181
712,799

This page does not form part of the statutory financial statements

Page 18

MENTER FACHWEN

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Charitable activities
Brought forward
Mortgage interest
Bank charges
Support costs
Other
Water rates
Telephone
Printing & stationery
Sundry expenses
Heat, light & power
Depn - Freehold property
Depn - Motor vehicles
Depn – Equipment
MV – Loss on disposal
Governance costs
Accountancy
Total resources expended
Net income		 31.03.24
£
781,908
1,840
1,499
785,247
2,578
8,839
2,859
2,710
18,012
3,839
9,352
4,625
79
52,893
1,470
839,610
8,059		 31.03.23
£
712,799
4,556
1,605
718,960
1,936
12,206
1,769
2,631
17,661
3,878
10,496
-
-
50,577
1,380
770,917
43,192

This page does not form part of the statutory financial statements

Page 19