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REGISTERED COMPANY NUMBER: 06221374 (England and Wales)
REGISTERED CHARITY NUMBER: 1169422




REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED (REGISTERED NUMBER: 06221374)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH APRIL 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 year ended 30th April 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 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide the area known as Maes y Pant/Hollowfield in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances or for the public at large with the object of improving their conditions of life.

Significant activities
The board of Maes y Pant Action Group continues to meet 4 times per year to oversee and review the activities taking place to ensure they meet our principal objectives to provide an area for recreation in the interests of social welfare and secondly to promote conservation, protection and improvement of the natural environment.

Volunteer sessions have remained very successful throughout the period, occurring every month on the second Saturday. Between 15 and 25 people attend the sessions. MyPAG supported 6 young people who attended as volunteers as part of their Duke of Edinburgh Bronze award, and we have been delighted that all of them have chosen to continue volunteering after achieving that goal. Amongst a wide range of tasks, the volunteers have maintained and repaired fences, gates, and paths, planted trees and carried out recommended safety work around the base of some large trees. We're extremely grateful for their help.

The 'Friends of Maes y Pant' group has remained active during the period, and we have continued to keep them informed with a monthly e-newsletter and quarterly articles in the local 'Essentials' magazine.

Engagement with the wider community has continued, with visits from Coed Lleol (Small Woods Wales), Wrexham Forest Group, local Brownies and Guides as well as both local primary schools.

Maes y Pant was awarded a Green Flag Community Award by Keep Wales Tidy, for the 8th year in succession. We fly the flag on our temporary flagpole during volunteer sessions and other events.

Public benefit
To promote for the benefit of the public the conservation protection and improvement of the physical and natural environment by promoting biological diversity of the area known as Maes y Pant/Hollowfield.

FINANCIAL REVIEW
Reserves policy
The trust's aim is to achieve net incoming resources before depreciation, together with a net current asset position. Any surplus of funds will be used to further the aims and objectives of the trust and its future sustainability and successful outcome.

Total reserves as at 30th April 2024 were £244,977 (2023: £247,916) of which £40,657 (2023: £37,992) is restricted. The level of general reserves available to the charity was £204,320 (2023: £209,924) as detailed in the notes to the accounts.

FUTURE PLANS
There are two main activities planned for the coming year. Firstly, to replace the two 10' storage containers with one 40' container. The existing units are difficult to open, both suffer badly from condensation, and both are full. Secondly, we will continue the project to improve the wildlife pond, with the aim of reinstating it to the original planned size and depth. We are considering a bore hole to provide a more reliable and sustainable source of water, and we have commissioned a hydrogeological survey to assess the feasibility of that. Grant funding will be required, with an estimated budget of £20-£25,000.


MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED (REGISTERED NUMBER: 06221374)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH APRIL 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Trust is a charity and a company limited by guarantee, as defined by the Companies Act 2006. The governing documents are its Memorandum and Articles of Association, which were last amended at the Board Meeting of the members of the company on the 23rd September 2016.

Recruitment and appointment of new trustees
Any trustee is invited to nominate a potential new trustee that is personally known to and recommended by them. The nominee must be accepted by the majority of existing trustees.

The nominated person must be a permitted person as defined by the Charities Act and of relevant skill or knowledge to the benefit of the charity. Trustees are personally responsible for ensuring their skills and knowledge are maintained to a standard which encompasses changes in legislation impacting on the operational activities of the trust.

In accordance with the memorandum of association of the charity, A Bailey, R Hennessey and J O'Keeffe will retire at the forthcoming annual general meeting, and, being eligible, will stand for re-election.

Organisational structure
The trustee board retains authority for the overall strategy and policy of the charity.

Induction and training of new trustees
New trustees undergo a training process to explain to them their statutory obligations under charity and company law, the Memorandum and Articles of Association, the organisational structure and decision making process. Trustees are encouraged to attend suitable external events, where these will enhance the substance and quality of their role. All trustees, both existing and newly appointed, are required to confirm that they have read and understood, the Charity Commission booklet CC3A, "The essential trustee" and CC3 "The essential trustee, what you need to know".

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06221374 (England and Wales)

Registered Charity number
1169422

Registered office
25 Grosvenor Road
Wrexham
LL11 1BT

Trustees
J H Adams
J Ashley
A C Bailey
S Bentley
T J Britton (resigned 9.10.23)
G L Caswell-Jones
K Clements
T Dillon
M J Edwards
I R Happs
R J Hennessey
A J Lewis
J O'Keeffe


MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED (REGISTERED NUMBER: 06221374)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH APRIL 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
National Westminster Bank plc
33, Lord Street
Wrexham
LL11 1LP

Approved by order of the board of trustees on 14th October 2024 and signed on its behalf by:





I R Happs - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

Independent examiner's report to the trustees of Maes-y-Pant/Hollowfield Action Group Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th April 2024.

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
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.








R Godfrey FCA



14th October 2024

MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30TH APRIL 2024

30.4.24 30.4.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 2,888 3,500 6,388 24,686

Other trading activities 3 387 - 387 266
Investment income 4 484 - 484 1
Total 3,759 3,500 7,259 24,953

EXPENDITURE ON
Raising funds 209 - 209 214

Charitable activities
Upkeep of quarry 9,154 835 9,989 9,350
Total 9,363 835 10,198 9,564

NET INCOME/(EXPENDITURE) (5,604 ) 2,665 (2,939 ) 15,389


RECONCILIATION OF FUNDS
Total funds brought forward 209,924 37,992 247,916 232,527

TOTAL FUNDS CARRIED FORWARD 204,320 40,657 244,977 247,916

MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED (REGISTERED NUMBER: 06221374)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 172,162 37,157 209,319 213,132

CURRENT ASSETS
Debtors 9 705 - 705 450
Cash at bank and in hand 31,453 3,500 34,953 34,334
32,158 3,500 35,658 34,784

NET CURRENT ASSETS 32,158 3,500 35,658 34,784

TOTAL ASSETS LESS CURRENT
LIABILITIES

204,320

40,657

244,977

247,916

NET ASSETS 204,320 40,657 244,977 247,916
FUNDS 10
Unrestricted funds 204,320 209,924
Restricted funds 40,657 37,992
TOTAL FUNDS 244,977 247,916

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.


MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED (REGISTERED NUMBER: 06221374)

BALANCE SHEET - continued
30TH APRIL 2024

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


The financial statements were approved by the Board of Trustees and authorised for issue on 14th October 2024 and were signed on its behalf by:





A J Lewis - Trustee

MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 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 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.

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.

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.

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


Pathways & fencing - 2% on cost
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

No depreciation is provided in respect of freehold land.

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

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

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

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


MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. DONATIONS AND LEGACIES
30.4.24 30.4.23
£    £   
Friends of MyPAG 2,310 2,525
Donations 3,500 500
Gift aid 578 604
Harvesting income - 21,057
6,388 24,686

3. OTHER TRADING ACTIVITIES
30.4.24 30.4.23
£    £   
Fundraising events 387 266

4. INVESTMENT INCOME
30.4.24 30.4.23
£    £   
Deposit account interest 484 -
Tax interest - 1
484 1

5. NET INCOME/(EXPENDITURE)

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

30.4.24 30.4.23
£    £   
Depreciation - owned assets 3,813 3,736

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th April 2024 nor for the year ended 30th April 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30th April 2024 nor for the year ended 30th April 2023.



MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 24,686 - 24,686

Other trading activities 266 - 266
Investment income 1 - 1
Total 24,953 - 24,953

EXPENDITURE ON
Raising funds 214 - 214

Charitable activities
Upkeep of quarry 7,915 1,435 9,350
Total 8,129 1,435 9,564

NET INCOME/(EXPENDITURE) 16,824 (1,435 ) 15,389


RECONCILIATION OF FUNDS
Total funds brought forward 193,100 39,427 232,527

TOTAL FUNDS CARRIED FORWARD 209,924 37,992 247,916

8. TANGIBLE FIXED ASSETS
Freehold Pathways Plant and Computer
land & fencing machinery equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 and
30th April 2024

75,474

158,510

8,715

4,529

247,228

DEPRECIATION
At 1st May 2023 - 22,572 8,238 3,286 34,096
Charge for year - 3,170 176 467 3,813
At 30th April 2024 - 25,742 8,414 3,753 37,909
NET BOOK VALUE
At 30th April 2024 75,474 132,768 301 776 209,319
At 30th April 2023 75,474 135,938 477 1,243 213,132


MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Credit card - (256 )
Tax 578 604
Prepayments 127 102
705 450

10. MOVEMENT IN FUNDS
Net
movement At
At 1.5.23 in funds 30.4.24
£    £    £   
Unrestricted funds
General fund 209,924 (5,604 ) 204,320

Restricted funds
Restricted 37,992 2,665 40,657

TOTAL FUNDS 247,916 (2,939 ) 244,977

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,759 (9,363 ) (5,604 )

Restricted funds
Restricted 3,500 (835 ) 2,665

TOTAL FUNDS 7,259 (10,198 ) (2,939 )


Comparatives for movement in funds

Net
movement At
At 1.5.22 in funds 30.4.23
£    £    £   
Unrestricted funds
General fund 193,100 16,824 209,924

Restricted funds
Restricted 39,427 (1,435 ) 37,992

TOTAL FUNDS 232,527 15,389 247,916

MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

10. 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 24,953 (8,129 ) 16,824

Restricted funds
Restricted - (1,435 ) (1,435 )

TOTAL FUNDS 24,953 (9,564 ) 15,389

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.5.22 in funds 30.4.24
£    £    £   
Unrestricted funds
General fund 193,100 11,220 204,320

Restricted funds
Restricted 39,427 1,230 40,657

TOTAL FUNDS 232,527 12,450 244,977

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 28,712 (17,492 ) 11,220

Restricted funds
Restricted 3,500 (2,270 ) 1,230

TOTAL FUNDS 32,212 (19,762 ) 12,450


MAES-Y-PANT/HOLLOWFIELD ACTION GROUP
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

11. CAPITAL COMMITMENTS
30.4.24 30.4.23
£    £   
Contracted but not provided for in the financial statements - -

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th April 2024.

13. GUARANTEE BY MEMBERS

The company is limited by guarantee, and at the year-end had 12 members (2023: 13). Each member has undertaken to pay £10 to the company in the event that it is wound up. The value of the guarantee at 30th April 2024 is, therefore, £120 (2023: £130).