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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 2023


for



Mid and North Wales Training Group
Limited



Mid and North Wales Training Group



Limited



Contents of the Financial Statements

for the Year Ended 31 July 2023












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



Notes to the Financial Statements  

10


to


18



Mid and North Wales Training Group



Limited



Reference and Administrative Details

for the Year Ended 31 July 2023





TRUSTEES

R Benyon


C R Gilliard


B N Murray


Ms C A Smith (resigned 12.8.22)


Ms P A Evans


J A Bebb


M D Mills


P J Webber


Ms H Barrett (resigned 30.1.23)




COMPANY SECRETARY

J Engleheart




REGISTERED OFFICE

Myrick House


Hendomen


Montgomery


Powys


SY15 6EZ




REGISTERED COMPANY

NUMBER

01484530 (England and Wales)




REGISTERED CHARITY

NUMBER

510108




INDEPENDENT EXAMINER

Morgan Griffiths LLP


Chartered Accountants


Cross Chambers


9 High Street


Newtown


Powys


SY16 2NY




SENIOR MANAGEMENT

N Jones


A Ellis



Mid and North Wales Training Group



Limited (Registered number: 01484530)



Report of the Trustees

for the Year Ended 31 July 2023




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 2023. 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.



Mid and North Wales Training Group



Limited (Registered number: 01484530)



Report of the Trustees

for the Year Ended 31 July 2023



ACHIEVEMENT AND PERFORMANCE

Charitable activities

The company has sustained its position as a provider to 3 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 22/23 of 92%, a substantial increase on the previous year. Timely completions for 22/23 is 63%, a substantial increase on the previous years across all contracts.

5 learners have progressed from level 2 to level 3, and 1 learner from level 3 to level 4 in 22/23 contract year.

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 & procedures were updated January 2023.

We have attended careers events at Powys High schools, colleges and North Shropshire College.

We have supported Llanfyllin High School with IQA support and Guidance for their aim to deliver qualifications
.
Developed qualification portfolio to include Level 2 Warehousing and Level 2 Business Improvement Techniques.

Defibrillator has been installed outside of the building.

Green Dragon Level 2 Environmental Standard achieved.

Additional 5% cost of living rise received from Welsh Government for Work Based Learning.

Retained Investor in People Standard.

Supported MWMG & Makefast running factory tours to Newtown High School pupils during Apprenticeship Week.

Toilet cisterns upgraded.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities shows a net deficit from ordinary activities for the year of £969 (2022 surplus of £29,625) and reserves now stand at £433,701 (2022 £345,745).


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.

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.



Mid and North Wales Training Group



Limited (Registered number: 01484530)



Report of the Trustees

for the Year Ended 31 July 2023



FINANCIAL REVIEW

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 £174,923 (2022 £173,565).

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 two existing providers for the new Work based learning contract term.


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.


Improve building efficiency.


Provide defibrillator training in the community.


Train an additional 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'.


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:
- The obligations of Trustees,
- The operational framework of the charity, particularly in relation to the Memorandum and Articles,
- Resourcing of the charity's activities and the current financial position,
- Future plans and objectives.



Mid and North Wales Training Group



Limited (Registered number: 01484530)



Report of the Trustees

for the Year Ended 31 July 2023



STRUCTURE, GOVERNANCE AND MANAGEMENT

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 25 March 2024 and signed on its behalf by:






R Benyon - Trustee


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 2023.


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


25 March 2024



Mid and North Wales Training Group



Limited



Statement of Financial Activities

(Incorporating an Income and Expenditure Account)

for the Year Ended 31 July 2023



31.7.23


31.7.22


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Charitable activities

3

Training

341,657


-


341,657


378,190



Investment income

2

605


-


605


30


Other income

3,531


-


3,531


5,035


Total

345,793


-


345,793


383,255



EXPENDITURE ON

Charitable activities

4

Training

346,762


-


346,762


353,630



NET INCOME/(EXPENDITURE)

(969

)

-


(969

)

29,625


Other recognised gains/(losses)

Gains on revaluation of fixed assets

88,925


-


88,925


-


Net movement in funds

87,956


-


87,956


29,625



RECONCILIATION OF FUNDS

Total funds brought forward

345,745


-


345,745


316,120



TOTAL FUNDS CARRIED FORWARD

433,701


-


433,701


345,745




Mid and North Wales Training Group



Limited (Registered number: 01484530)



Balance Sheet

31 July 2023



31.7.23


31.7.22


Notes

£   

£   


FIXED ASSETS


Tangible assets

11

258,778


172,180


Investments

12

-


-


258,778


172,180



CURRENT ASSETS


Debtors

13

31,686


52,697


Cash at bank and in hand

216,765


194,732


248,451


247,429



CREDITORS


Amounts falling due within one year

14

(67,877

)

(57,341

)


NET CURRENT ASSETS

180,574


190,088



TOTAL ASSETS LESS CURRENT

LIABILITIES

439,352


362,268



CREDITORS


Amounts falling due after more than one year

15

(5,651

)

(16,523

)


NET ASSETS

433,701


345,745


FUNDS

18

Unrestricted funds

433,701


345,745


TOTAL FUNDS

433,701


345,745



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(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 year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 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.



Mid and North Wales Training Group



Limited (Registered number: 01484530)



Balance Sheet - continued

31 July 2023


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




The financial statements were approved by the Board of Trustees and authorised for issue on 25 March 2024  and were signed on its behalf by:






R Benyon - Trustee



Mid and North Wales Training Group



Limited



Notes to the Financial Statements

for the Year Ended 31 July 2023



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.



Financial reporting standard 102 - reduced disclosure exemptions


The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':




the requirements of Section 7 Statement of Cash Flows.



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.



Mid and North Wales Training Group



Limited



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023



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 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.

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.

INVESTMENT INCOME


31.7.23


31.7.22

£   

£   



Deposit account interest

605


30




3.

INCOME FROM CHARITABLE ACTIVITIES


31.7.23


31.7.22


Activity

£   

£   



Training Income

Training

258,428


316,795




Courses

Training

83,229


61,395



341,657


378,190




4.

CHARITABLE ACTIVITIES COSTS


Direct

Support



Costs (see

costs (see



note 5)

note 6)

Totals

£   

£   

£   



Training

312,309


34,453


346,762






Mid and North Wales Training Group



Limited



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023



5.

DIRECT COSTS OF CHARITABLE ACTIVITIES


31.7.23


31.7.22

£   

£   



Staff costs

191,526


161,481




Telephone

4,484


5,918




Stationery & Advertising

3,163


3,946




External Training Costs

102,448


112,652




Seminars & Staff Training

-


98




Travelling Expenses

970


542




Motor Servicing & Repairs

6,630


4,921




Postage

75


193




Motor Licence & Insurance

1,538


1,407




Subscriptions

1,475


382




Management charge

-


9,200



312,309


300,740




6.

SUPPORT COSTS


Governance



Management


costs


Totals

£   

£   

£   



Training

25,442


9,011


34,453





Support costs, included in the above, are as follows:



31.7.23


31.7.22


Total


Training


activities

£   

£   



Rates and water

1,527


1,561




Insurance

3,036


3,449




Light, heat & cleaning

4,970


4,838




Sundries

1,598


1,305




Renewal & Maintenance Expenses

3,664


15,593




Computer software and support

7,532


11,120




Depreciation of tangible and heritage

assets

2,327


8,985




Interest payable and similar charges

788


641




Accountancy fees

3,110


3,312




Legal & professional fees

4,581


766




Independent examination fees

1,320


1,320



34,453


52,890






Mid and North Wales Training Group



Limited



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023



7.

NET INCOME/(EXPENDITURE)



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




31.7.23


31.7.22

£   

£   



Depreciation - owned assets

2,327


8,985




8.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.



Trustees' expenses


There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.


9.

STAFF COSTS


31.7.23


31.7.22

£   

£   



Wages and salaries

178,546


150,061




Social security costs

7,451


6,581




Other pension costs

5,529


4,839



191,526


161,481





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



31.7.23


31.7.22


Direct charitable

8


8




Administration

2


1



10


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 2023 were £73,845 (2022 £66,886).



Mid and North Wales Training Group



Limited



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023



10.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Charitable activities


Training

378,190


-


378,190




Investment income

30


-


30



Other income

5,035


-


5,035



Total

383,255


-


383,255




EXPENDITURE ON


Charitable activities


Training

322,304


31,326


353,630




NET INCOME/(EXPENDITURE)

60,951


(31,326

)

29,625





RECONCILIATION OF FUNDS


Total funds brought forward

284,794


31,326


316,120




TOTAL FUNDS CARRIED FORWARD

345,745


-


345,745



11.

TANGIBLE FIXED ASSETS


Improvements


Fixtures


Freehold


to


and


property


property


fittings

£   

£   

£   



COST OR VALUATION


At 1 August 2022

180,000


3,000


69,645




Disposals

-


-


(35,195

)



Revaluations

67,000


-


-




At 31 July 2023

247,000


3,000


34,450




DEPRECIATION


At 1 August 2022

20,425


1,500


67,908




Charge for year

-


-


422




Eliminated on disposal

-


-


(35,196

)



Charge written back

(20,425

)

(1,500

)

-




At 31 July 2023

-


-


33,134




NET BOOK VALUE


At 31 July 2023

247,000


3,000


1,316




At 31 July 2022

159,575


1,500


1,737





Mid and North Wales Training Group



Limited



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023



11.

TANGIBLE FIXED ASSETS - continued


Motor


Computer



vehicles


equipment


Totals

£   

£   

£   



COST OR VALUATION


At 1 August 2022

24,720


97,858


375,223




Disposals

-


(11,885

)

(47,080

)



Revaluations

-


-


67,000




At 31 July 2023

24,720


85,973


395,143




DEPRECIATION


At 1 August 2022

24,720


88,490


203,043




Charge for year

-


1,905


2,327




Eliminated on disposal

-


(11,884

)

(47,080

)



Charge written back

-


-


(21,925

)



At 31 July 2023

24,720


78,511


136,365




NET BOOK VALUE


At 31 July 2023

-


7,462


258,778




At 31 July 2022

-


9,368


172,180




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.

12.

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

31.7.23


Period

1.4.21 to

31.7.22




£   


£   





Income statement




Income


228,334


259,345




Expenditure


-169,417


-226,423





Surplus for the period


58,917


32,922





Balance sheet





Assets


227,450


121,179




Liabilities


-65,933


-18,579





Reserves


161,517


102,600





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



Mid and North Wales Training Group



Limited



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023



13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.7.23


31.7.22

£   

£   



Trade debtors

30,337


48,388




Other debtors

-


158




Prepayments and accrued income

1,349


4,151



31,686


52,697




14.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.7.23


31.7.22

£   

£   



Other loans (see note 16)

2,629


2,629




Trade creditors

4,083


9,998




Social security and other taxes

1,617


-




Other creditors

13,698


-




Accrued expenses

45,850


44,714



67,877


57,341




15.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


31.7.23


31.7.22

£   

£   



Other loans (see note 16)

5,651


16,523




16.

LOANS



An analysis of the maturity of loans is given below:



31.7.23


31.7.22

£   

£   



Amounts falling due within one year on demand:


Other loans

2,629


2,629




Amounts falling between one and two years:


Other loans - 1-2 years

2,629


3,494




Amounts falling due between two and five years:


Other loans - 2-5 years

3,022


7,839




Amounts falling due in more than five years:



Repayable by instalments:


Other loans more 5yrs instal

-


5,190





On the 26th April 2023 the second loan from WCVA was paid off in full before the scheduled repayments were due.




Mid and North Wales Training Group



Limited



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023



17.

ANALYSIS OF NET ASSETS BETWEEN FUNDS


31.7.23


31.7.22


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds

£   

£   

£   

£   



Fixed assets

258,778


-


258,778


172,180




Current assets

248,451


-


248,451


247,429




Current liabilities

(67,877

)

-


(67,877

)

(57,341

)



Long term liabilities

(5,651

)

-


(5,651

)

(16,523

)


433,701


-


433,701


345,745




18.

MOVEMENT IN FUNDS


Net




movement


At



At 1.8.22


in funds


31.7.23


£   

£   

£   



Unrestricted funds


General fund

345,745


87,956


433,701





TOTAL FUNDS

345,745


87,956


433,701





Net movement in funds, included in the above are as follows:



Incoming


Resources


Gains and


Movement



resources


expended


losses


in funds


£   

£   

£   

£   



Unrestricted funds


General fund

345,793


(346,762

)

88,925


87,956





TOTAL FUNDS

345,793


(346,762

)

88,925


87,956






Comparatives for movement in funds



Net




movement


At



At 1.8.21


in funds


31.7.22


£   

£   

£   



Unrestricted funds


General fund

284,794


60,951


345,745





Restricted funds


Big Lottery Fund

5,376


(5,376

)

-




WCVA

25,950


(25,950

)

-



31,326


(31,326

)

-




TOTAL FUNDS

316,120


29,625


345,745





Mid and North Wales Training Group



Limited



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023



18.

MOVEMENT IN FUNDS - continued



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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

383,255


(322,304

)

60,951





Restricted funds


Big Lottery Fund

-


(5,376

)

(5,376

)



WCVA

-


(25,950

)

(25,950

)


-


(31,326

)

(31,326

)



TOTAL FUNDS

383,255


(353,630

)

29,625




19.

EMPLOYEE BENEFIT OBLIGATIONS



During the year £7,451 (2022 £6,581) was charged to pension contributions.  At the year end no amounts were outstanding (2022 nil).


20.

RELATED PARTY DISCLOSURES


During the year Myrick Training Services provided training workshops for Mid Wales Manufacturing Group covering First Aid Awareness and Basic Engineering Maths to the value of £1,470. STEM Delivery Support Sessions were also delivered to the value of £645. Myrick Training Services provided course accreditation, guidance & verification to the value of £7,000 for Mid Wales Manufacturing Group to support the Numeracy Project Delivery. Myrick Training Services sponsored the Powys Business Awards (run by Mid Wales Manufacturing Group) Social Enterprise/Charity Category to the value of £3,600.