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 2025 FOR MENTER FACHWEN
MENTER FACHWEN
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |
|---|---|
| Reportofthe Trustees | lto4 |
| Independent Examiner's Report | 5 |
| Statement ofFinancial Activities | 6 |
| Balance Sheet | 7108 |
| Cash Flow Statement | 9 |
| Notes to the Cash Flow Statement | 10 |
| Notes to the Financial Statements | I] to 17 |
| DetailedStatementofFinancialActivities | 18to19 |
MENTER FACHWEN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
eS
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 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 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects are: meetingTo promote and assist the general reliefof all people with disability in Wales and such other area or locality as the members in a general specify and without limitation and delineation by providing and assisting in the provision of training opportunities and employment for people with disabilities without distinction as to race. age or sex, or political, retigious or other opinions. Specifically, the charity aims to ensure that peopie with learning disabilities are supported to be valued members of their communities. to build their self-confidence and to develop and expand their skills.
To achieve these objectives, Menter Fachwen operates several small, community-focused businesses. These enterprises provide both valuable services to the local community and structured opportunities for beneficiaries to develop practical and vocational skills. Each business employs dedicated specialist support workers who deliver skills-based training tailored to the needs and aspirations of the individuals we support. Training is available through the enterprises in retail, catering. hospitality, making items for sale in the shop. grounds management, joinery, horticulture and online sales,
In addition to vocational training, Menter Fachwen supports individuals in pursuing what matters to them, whether that involves personal goals, community involvement or the development of independent living skills. Our person-centred service operates from six independent centres situated within local communities in Cwm y Glo. Deiniolen, Llanberis. and Fachwen, offering a variety of opportunities designed to promote independence, build confidence and enable individuals to live fulfilling lives in their local communities.
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.
ACHIEVEMENT AND PERFORMANCE
Charitable activities - How our activities deliver public benefits
Menter Fachwen continues to provide high-quality day and work opportunities for forty-two people with learning disabilities. We take every opportunity to develop people’s potential through our community-based social enterprises. These enterprises provide opportunities for charity beneficiaries and social benefits 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 members who benefit from good working terms. conditions and training and development opportunities. The charity also offers a wide range of volunteering opportunities for local people and college learners.
Our main source of income comes from our Service Level Agreement with Gwynedd Council’s Social Services Department.
During the year, we launched a new enterprise operating under a contract with the local council. The service delivers and maintains specialised chairs for people in our communities who require postural support, helping them live more comfortably. Beneficiaries are involved in managing the service and have received training on cleaning and maintaining the chairs. They also had opportunities to participate in running a community hub in Cwm y Glo. which has expanded over the year.
Beneficiaries also had the chance to participate in new wellbeing activities both on and off-site and some successfully completed an externally assessed art course.
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MENTER FACHWEN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Financial position
The unrestricted funds have risen to £923,957 from £722,153 in 2024. During the year a donation of £124,410 was reccived from the Estate of the Late Derek Jones.
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 ofmaintaining adequate reserves is:
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To ensure cash flow (e.g. cover delays in revenue funding) 2. To cover unforeseen circumstances.
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To provide the opportunity to attract/identify alternative funding shouid existing funds be subject to cutbacks. 4, To ensure that should funding cease, the organisation would be able to fulfil all its financial and legat 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 £196,500 (for 3 months of operating costs) or £393.000 (for 6 months), available in free reserves. The current level ofunrestricted funds is sufficient to maintain six months of operating expenditure.
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 YGLO
We have two sites in Cwm y Glo. The offices and Caban y Cwm are situated at London House, which also hosts an online vintage shop and a small hub. Additionally, we run a joinery workshop and horticulture service at another site in Cwm y Glo, where we produce quality benches for local areas and the public. as wel! as hanging baskets for residents and community spaces. Menter Fachwen has shown interest in Ysgol Cwm y Glo. We have prepared a business plan to support our Expression of Interest (EOI). The aim is 10 relocate all activities from London House to the school and create more opportunities for the people we support to participate in workbased training and community activities. We plan to move the office, expand the Vintage Shop, and develop new community enterprises. The site will also feature a coffee shop offering homemade food. high-quality hot and cold drinks and a community space for meetings. There will be a designated area for a permanent exhibition showcasing the history of the quarries within the building. Engagement with stakeholders will take place. and we will seek grant funding to improve the building and create accessible facilities upon receiving a lease.
DEINIOLEN
In 2021, EB’s in Deiniolen changed its daily activities. All three floors are now fully utilised as independent tiving 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 functions as a community venue and hosts events related to the World Heritage status of the Quarries in Dinorwig. Community members regularly use the space for talks and exhibitions. The exterior will require repainting in the coming year.
FACHWEN
Bryn Peris is an eight-acre site with a workshop, cottage and log cabin. The site needs investment, particularly the lower part of this land, where the log cabin is located, which requires major repairs. The trustees will meet to decide on the future of this area.
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 need investment and improvements.
One of our nine-seater vehicles, used to transport beneficiaries 10 and from the service, will need to be replaced in the coming year.
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 2025 a
Recruitment and appointment of new trustees Trustees are recruited from the local community. the 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 mectings, 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 2 months 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. Ilealth 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 ofinformation 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 ofpaid staff is set by reference to norms in the voluntary sector.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Wider network
Menter Fachwen works within the ficld 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
London House
Cwm Y Glo Caernarfon Gwynedd LL.55 4DT
Trustees
B Jones — Chair & Health & Safety
Ms N Oliver- Vice Chair & Finance
Ms K Bardsley - Parent Representative Ms G Wheldon - Parent Representative D A Pritchard - Company Secretary & Personnel
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MENTER FACHWEN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
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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 LLSS5 1AB
Approved by order of the board of trustees on 10 December 2025 and signed on its behalf by:
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B Jot Se
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MENTER FACHWEN a
| report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025. 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. | 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 J 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. | confirm that 1 am qualified to undertake the examination because | 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. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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=" accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or = the accounts do not accord with those accounting records; or « 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
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= 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)].
|] 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: so fi2 fo 2
Page 5
MENTER FACHWEN
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| 31.03.25 | 31.03.24 | ||
|---|---|---|---|
| Totalfunds _—Total funds | |||
| Notes | £ | £ | |
| INCOMEAND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 126,631 | 1,104 |
| Charitable activities | |||
| Training | 4 | 861,012 | 842,760 |
| Othertrading activities | 3 | - | 3,805 |
| Total | 987,643 | 847,669 | |
| EXPENDITURE ON | |||
| Charitable activities | 5 | ||
| Training | 785,839 | 839,610 | |
| NET INCOME/(EXPENDITURE) | 201,804 | 8,059 | |
| NETMOVEMENT INFUNDS | 201,804 | 8,059 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 722,153 | 714,094 | |
| TOTAL FUNDS CARRIED FORWARD | 923,957 | 722,153 | |
| CONTINUING OPERATIONS | |||
| Allincomeandexpenditurehavearisenfromcontinuingactivities. |
The notes form part of these financial statements
Page 6
MENTER FACHWEN BALANCE SHEET AT 31 MARCH 2025
NN
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||||||||||
|---|---|---|---|---|---|---|---|---|
|31.03.25|31.03.24|
|Total|funds|=|Tota! funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible assets|11|406,552|421,992|
|406,552|421,992|
|CURRENT ASSETS|
|Stocks|12|4,974|6,520|
|Debtors|13|144,680|21,639|
|Cash|at|bank|452,137|352,919|
|601,791|381,078|
|CREDITORS|
|Amounts|falling|due|within|one|year|14|(84,386}|(80,917)|
|NET CURRENT ASSETS/ (LIABILITIES)|517,405|300,161|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|923,957|722,153|
|NET ASSETS|15|923,957|722,153|
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The notes form part of these financial statements
a Page 7 continued...
MENTER FACHWEN BALANCE SHEET - CONTINUED AT 31 MARCH 2025
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.
Thein members have not required the charitable company to obtain an audit ofits financial statements for the period ended 31 March 2025 accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial period and ofits surplus or deficit for each financial period in accordance with the requiremenis ofSections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial! statements. so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions ofPart 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the Board ofTrustees on 10 December 2025 and were signed on its behalf by:
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BTM stee
SA
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N Oliver - tee
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The notes form part of these financial statements
Page 8
MENTER FACHWEN
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| 31.03.25 | 31.03.24 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities: | |||
| Cash generated from operations | 1 | 99.218 | 22.293 |
| Interest paid | - | (1.840) | |
| Net cash provided by (used in) operating activities | 99.218 | 20,453 | |
| Cash flows from investing activities: | |||
| Sale ofinvestment property | - | 200.000 | |
| Purchase offixed assets | - | (24,500) | |
| Net cash provided by (used in) investing activities | - | 175,500 | |
| Cash flows from financing activities: | |||
| Loan repayments in period | - | (72,205) | |
| Net cash provided by (used in) financing activities | - | (72.205) | |
| Change in cash and cash equivalents in the reporting | |||
| period | 99.218 | 123.748 | |
| Cash and cash equivalents at the beginning ofthe | |||
| reporting period | 2 | 352,919 | 229.171 |
| Cash and cash equivalents at the end of the reporting | |||
| period | 2 | 452,137 | 352.919 |
The notes form part of these financial statements
Page 9
MENTER FACHWEN
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 31.03.25 | 31.03.24 | |
|---|---|---|
| £ | £ | |
| Net income/(expenditure) for the reporting period (as per the statementof | ||
| financial activities) | 201,804 | 8.059 |
| Adjustments for: | ||
| Depreciation charges and loss on disposal | 15,440 | 17.895 |
| Interest paid | - | 1.840 |
| (Increase)/Decrease in stock | 1,546 | (350) |
| (Increase)/Decrease in debtors | (123,041) | (8,095) |
| Increase/( Decrease) in creditors | 3,469 | 2.944 |
| Net cash provided by (used in) operating activities | 99,218 | 22,293 |
| ANALYSIS OFCASH AND CASH EQUIVALENTS | ||
| 31.03.25 | 31.03.24 | |
| £ | £ | |
| Notice deposits (less than 3 months) | 452,137 | 352,919 |
| Totalcashandcashequivalents | 452,137 | 352.919 |
Page 10
MENTER FACHWEN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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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 Financia) 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
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.
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Page [1
MENTER FACHWEN FORNOTES THE TO THEYEAR FINANCIAL ENDED 31 MARCH STATEMENTS2025 - CONTINUED
|
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.
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DONATIONS AND LEGACIES
| 31.03.25 | 31.03.24 | |
|---|---|---|
| £ | £ | |
| Donations | 126,631 | 1,104 |
| 126,631 | 1,104 | |
| During the year a donation for£124.410 was received from the Estate ofthe Late Derck Jones. | ||
| OTHERTRADINGACTIVITIES |
| 31.03.25 | 31.03.24 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Rent | and | room | hire | - | 3,805 |
Page 12
MENTER FACHWEN
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025
ISL
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4. INCOME FROM CHARITABLE ACTIVITIES
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| 31.03.25 | 31.03.24 | ||
|---|---|---|---|
| Activity | £ | £ | |
| Care income Beneficiary transport towork Sundry income Businesses income |
Training Training Training Training |
802,352 §,205 17,208 36,247 |
760,697 5,424 35.190 41,449 |
| 861,012 | 842.760 |
| 5. | CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|---|
| Direct costs | Support costs | Totals | ||
| (See note 6) | ||||
| £ | £ | £ | ||
| Training | 731,252 | §4,587 | 785,839 | |
| 6. | SUPPORT COSTS | |||
| Governance | ||||
| Other | costs | Totals | ||
| £ | £ | £ | ||
| Training | 53,117 | 1,470 | 54,587 | |
| 7. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 31.03.25 | 31.03.24 | |||
| £ | £ | |||
| Depreciation -owned assets | 15,440 | 17.895 | ||
| 8. | TRUSTEES' REMUNERATION AND BENEFITS | |||
| There were no trustees’ remuneration or other benefits for the year ended 31 March2025 nor for the period ended | ||||
| 31March2024. |
Trustees' expenses There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024.
nT
Page 13
MENTER FACHWEN NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025
eee
9, STAFF COSTS
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||||||
|---|---|---|---|---|
|31.03.25|31.03.24|
|£|£|
|Wages and|salaries|§57,923|$69,102|
|Social|security|costs|36,881|42,779|
|Other|pension|costs|25,139|23,297|
|619,943|635,178|
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The average monthly number of full-time equivalent employees during the period was as follows:
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|||||||
|---|---|---|---|---|---|
|31.03.25|31.03.24|
|Charitable|operations|20|20|
|Management|and|central|services|2|2|
|22|22|
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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 £155,689 (2024 - £176,466)
The charity operates a defined contribution pension scheme for its employces. and the charity made pension contributions for 25 (2024 -26) staff members.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|funds|
|funds|funds|
|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacics|1,104|-|1.104|
|Charitable|activities|
|Training|842,760|-|842,760|
|Other|trading|activities|3,805|-|3.805|
|Total|847,669|-|847,669|
|EXPENDITURE|ON|
|Charitable|activities|
|Training|839,610|-|839,610|
|Total|839,610|-|839.610|
|NET|INCOME/(EXPENDITURE)|8,059|-|8.059|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|714,094|-|714,094|
|TOTAL FUNDS CARRIED FORWARD|722,153|-|722,153|
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Page 14
MENTER FACHWEN
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025
a
| 11. | FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Freehold | Motor | ||||
| Property | Equipment | Vehicles | Total | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 April2024 | 623,942 | 18,500 | 73,220 | 715,662 | |
| Additions | - | - | - | - | |
| Disposals | |||||
| At31 March 2025 | 623,942 | 18,500 | 73,220 | 715,662 | |
| DEPRECIATION | |||||
| At 1 April 2024 | 243,881 | 4,625 | 45,164 | 293,670 | |
| Charge for the period | 3,801 | 4,625 | 7,014 | 15,440 | |
| Dep’n on Disposal | |||||
| At31 March 2025 | 247,682 | 9,250 | 52,178 | 309,110 | |
| NET BOOK VALUE | |||||
| At 31 March 2025 | 376,260 | 9,250 | 21,042 | 406,552 | |
| At31March2024 | 380,061 | 13,875 | 28,056 | 421,992 |
- STOCKS
Stocks
| 31.03.25 | 31.03.24 |
|---|---|
| £ | £ |
| 4,974 | 6,520 |
a
Page 15
MENTER FACHWEN
NOTES TO THE FINANCIAL STATEMENTS —- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025
omeee
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.03.25 | 31.03.24 | ||
|---|---|---|---|
| £ | £ | ||
| Debtors | 14,404 | 5,816 | |
| Prepayments | §,571 | 15,793 | |
| VAT | 295 | 30 | |
| Other Debtor | 124,410 | - | |
| 144,680 | 21,639 | ||
| 14, | CREDITORS: AMOUNTS FALLINGDUEWITHIN ONE YEAR | ||
| 31.03.25 | 31.03.24 | ||
| £ | £ | ||
| Creditors | 2,758 | 2.483 | |
| Credit card | 420 | 999 | |
| Social security and othertaxes | 9,680 | 12,230 | |
| Accruals and deferred income | 71,528 | 65.205 | |
| 84,386 | 80,917 |
Page 16
MENTER FACHWEN
NOTES TO THE FINANCIAL STATEMENTS ~— CONTINUED FOR THE YEAR ENDED 31 MARCH 2025
a
| is. | MOVEMENT INFUNDS | ||||
|---|---|---|---|---|---|
| Net Movement | |||||
| At 01.04.24 | in funds | At 31.03.25 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 722,153 | 201,804 | 923,957 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Net Current | Long | ||||
| Tangible Fixed Assets |
Assets/ (Liabilities) |
Term Liabilities |
Total Funds |
||
| £ | £ | £ | £ | ||
| Unrestricted Funds | 406,552 | 517,405 | (-) | 923,957 | |
| 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: | |||||
| NetCurrent | Long | ||||
| Tangible Fixed | Assets/ | Term | Total | ||
| Assets | (Liabilities) | Liabilities | Funds | ||
| £ | £ | £ | £ | ||
| UnrestrictedFunds | 421,992 | 300,161 | (-) | 722,153 |
- RELATED PARTY DISCLOSURES
Que 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 ifa related party transaction occurs.
a
Page 17
MENTER FACHWEN
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.03.25 | 31.03.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 126,631 | 1,104 |
| 126,631 | 1,104 | |
| Other trading activities | ||
| Rent and room hire | - | 3.805 |
| Charitable activities | ||
| Care income | 802,352 | 760.697 |
| Beneficiary transport to work | 5,205 | 5,424 |
| Sundry income | 17,208 | 35,190 |
| Businesses income | 36,247 | 41,449 |
| 861,012 | 842.760 | |
| Total incoming resources | 987,643 | 847.669 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | §57,923 | 569,102 |
| Social security Pensions |
36,881 25,139 |
42.779 23,297 |
| Agencies | 2,680 | 12,925 |
| Insurance | 17,394 | 18,515 |
| Specific projects | 3,723 | 22.143 |
| Motor costs | 28,703 | 24.286 |
| Repairs and renewals | 11,550 | 17,587 |
| Travelling expenses | 2,440 | 2,265 |
| Beneficiary casts | 12,155 | 12.931 |
| Training | 976 | 545 |
| Wages for workers with a disability | 3,472 | 3,504 |
| IT costs | §,948 | 5.217 |
| Legal & professional fees | 6,239 | 7.175 |
| Businesses costs | 15,087 | 19,637 |
| Carriedforward | 730,310 | 781.908 |
This page does not form part of the statutory financial statements
Page [8
MENTER FACHWEN
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.03.25 | 31.03.24 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 730,310 | 781.908 |
| Mortgage interest | - | 1.840 |
| Bank charges | 942 | 1.499 |
| 731,252 | 785,247 | |
| Support costs | ||
| Other | ||
| Water rates | 2,563 | 2,578 |
| Telephone | 6,144 | 8.839 |
| Printing& stationery | 1,079 | 2,859 |
| Sundry expenses | 1,031 | 2.710 |
| Heat. light& power | 26,860 | 18.012 |
| Depn - Freehold property | 3,801 | 3,839 |
| Depn - Motor vehicles | 7,014 | 9,352 |
| Depn— Equipment | 4,625 | 4,625 |
| MV — Losson disposal | - | 79 |
| 53,117 | 52.893 | |
| Governance costs | ||
| Accountancy | 1,470 | 1.470 |
| Total resources expended | 785,839 | 839,610 |
| Netincome | 201,804 | 8.059 |
This page does not form part of the statutory financial statements
Page 19