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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 2024

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 2024










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 2024



TRUSTEES R Benyon
C R Gilliard
B N Murray
Ms P A Evans
J A Bebb
M D Mills
P J Webber


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 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 31 July 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
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 2024


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

We have achieved Programme Success for 23/24 for SAW of 86% and Coleg Cambria of 84%. Timely success rate for SAW at 28½% and Coleg Cambria at 48%.

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

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

Policies and procedures were updated in January 2024.

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

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

We have further developed qualification portfolios in L2 Warehousing & Storage, and L2 and L3 Business Improvement Techniques (BIT).

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

Green Dragon L2 Environmental Standard retained.

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

Our Investor in People (IiP) Standard has been retained.

Supported MWMG running events at schools and companies during Wales Apprenticeship week. We have supported Newtown High School at their year 6 transition days where they welcome future new pupils to the school by providing STEM activities.

Wales 'Have A Go' STEM kits have been successfully applied for and received (as the 'Have A Go' programme is no longer funded). The STEM kits include LEGO mindstorm and electronic building kits.

Solar Panels fitted onto roof of Myrick House and 400mm deep insulation fitted throughout the building roof space (grant funded).

FINANCIAL REVIEW
Financial position
The Statement of Financial Activities shows a net surplus from ordinary activities for the year of £49,140 (2023 deficit of £969) and reserves now stand at £482,841 (2023 £433,701).

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.


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

Report of the Trustees
for the Year Ended 31 July 2024


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

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

Free reserves which equate to net assets (excluding restricted funds) amount to £218,147 (2023 £174,923).

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

FUTURE PLANS
To retain and increase our sub-contract provision with our 2 existing providers for the new Work-Based Learning contract term. Including working with our contractors to understand and maximise the new scope of MEDR who will control all post-16 education within Wales from August.

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

Embed the relationship between both organisations to support companies in the region. This includes continuing the delivery of Teaching Assistant (TA) Mathematics training throughout Powys, including ongoing online training to TA's in Sharepoint/Outlook/Excel/Word and Powerpoint.

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

To further improve the building efficiency by installing LED lighting throughout Myrick House, utilising the recently installed solar panels.

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

To plan for future staff retirements, ensuring smooth handover to new assessor(s).

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.


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

Report of the Trustees
for the Year Ended 31 July 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
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.

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 8 April 2025 and signed on its behalf by:





B N Murray - 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 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
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

8 April 2025

Mid and North Wales Training Group
Limited

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 July 2024

31.7.24 31.7.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities 3
Training 429,614 10,204 439,818 341,657

Investment income 2 1,124 - 1,124 605
Other income 3,360 - 3,360 3,531
Total 434,098 10,204 444,302 345,793

EXPENDITURE ON
Charitable activities 4
Training 392,627 2,535 395,162 346,762

NET INCOME/(EXPENDITURE) 41,471 7,669 49,140 (969 )
Transfers between funds 18 7,669 (7,669 ) - -
Other recognised gains/(losses)
Gains on revaluation of fixed assets - - - 88,925
Net movement in funds 49,140 - 49,140 87,956

RECONCILIATION OF FUNDS
Total funds brought forward 433,701 - 433,701 345,745

TOTAL FUNDS CARRIED FORWARD 482,841 - 482,841 433,701

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

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 11 264,694 258,778
Investments 12 - -
264,694 258,778

CURRENT ASSETS
Debtors 13 46,058 31,686
Cash at bank and in hand 223,548 216,765
269,606 248,451

CREDITORS
Amounts falling due within one year 14 (48,299 ) (67,877 )

NET CURRENT ASSETS 221,307 180,574

TOTAL ASSETS LESS CURRENT
LIABILITIES

486,001

439,352

CREDITORS
Amounts falling due after more than one year 15 (3,160 ) (5,651 )

NET ASSETS 482,841 433,701
FUNDS 18
Unrestricted funds 482,841 433,701
TOTAL FUNDS 482,841 433,701

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.


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

Balance Sheet - continued
31 July 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 8 April 2025 and were signed on its behalf by:





B N Murray - Trustee

Mid and North Wales Training Group
Limited

Notes to the Financial Statements
for the Year Ended 31 July 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, 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 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 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
31.7.24 31.7.23
£    £   
Deposit account interest 1,124 605

3. INCOME FROM CHARITABLE ACTIVITIES
31.7.24 31.7.23
Activity £    £   
Grants Training 10,204 -
Training Income Training 355,942 258,428
Courses Training 73,672 83,229
439,818 341,657

Grants received, included in the above, are as follows:
31.7.24 31.7.23
£    £   
Ecodyfi Wales 10,204 -


Mid and North Wales Training Group
Limited

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
£    £    £   
Training 353,088 42,074 395,162

5. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.7.24 31.7.23
£    £   
Staff costs 193,152 191,526
Telephone 4,306 4,484
Stationery & Advertising 6,848 3,163
External Training Costs 135,257 102,448
Seminars & Staff Training 1,587 -
Travelling Expenses 1,575 970
Motor Servicing & Repairs 6,429 6,630
Postage 199 75
Motor Licence & Insurance 2,177 1,538
Subscriptions 1,558 1,475
353,088 312,309

6. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Training 34,828 7,246 42,074

Support costs, included in the above, are as follows:
31.7.24 31.7.23
Total
Training activities
£    £   
Rates and water 1,709 1,527
Insurance 4,215 3,036
Light, heat & cleaning 7,090 4,970
Sundries 2,104 1,598
Renewal & Maintenance Expenses 6,241 3,664
Computer software and support 10,781 7,532
Depreciation of tangible and heritage
assets

2,195

2,327

Interest payable and similar charges 493 788
Accountancy fees 2,606 3,110
Legal & professional fees 3,230 4,581
Independent examination fees 1,410 1,320
42,074 34,453


Mid and North Wales Training Group
Limited

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


7. NET INCOME/(EXPENDITURE)

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

31.7.24 31.7.23
£    £   
Depreciation - owned assets 2,194 2,327

8. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


9. STAFF COSTS
31.7.24 31.7.23
£    £   
Wages and salaries 178,974 178,546
Social security costs 8,524 7,451
Other pension costs 5,654 5,529
193,152 191,526

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

31.7.24 31.7.23
Direct charitable 7 8
Administration 2 2
9 10

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 2024 were £73,192 (2023 £73,845).


Mid and North Wales Training Group
Limited

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Training 341,657 - 341,657

Investment income 605 - 605
Other income 3,531 - 3,531
Total 345,793 - 345,793

EXPENDITURE ON
Charitable activities
Training 346,762 - 346,762

NET INCOME/(EXPENDITURE) (969 ) - (969 )
Other recognised gains/(losses)
Gains on revaluation of fixed assets 88,925 - 88,925
Net movement in funds 87,956 - 87,956

RECONCILIATION OF FUNDS
Total funds brought forward 345,745 - 345,745

TOTAL FUNDS CARRIED FORWARD 433,701 - 433,701

11. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 August 2023 247,000 3,000 34,450
Additions - 8,110 -
At 31 July 2024 247,000 11,110 34,450
DEPRECIATION
At 1 August 2023 - - 33,134
Charge for year - - 329
At 31 July 2024 - - 33,463
NET BOOK VALUE
At 31 July 2024 247,000 11,110 987
At 31 July 2023 247,000 3,000 1,316

Mid and North Wales Training Group
Limited

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


11. TANGIBLE FIXED ASSETS - continued
Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 24,720 85,973 395,143
Additions - - 8,110
At 31 July 2024 24,720 85,973 403,253
DEPRECIATION
At 1 August 2023 24,720 78,511 136,365
Charge for year - 1,865 2,194
At 31 July 2024 24,720 80,376 138,559
NET BOOK VALUE
At 31 July 2024 - 5,597 264,694
At 31 July 2023 - 7,462 258,778

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
31.7.24
Year ended
31.7.23
£    £   

Income statement
Income 304,320 228,334
Expenditure -259,078 -169,417
Tax on surplus -2,819 -
Surplus for the period 42,423 58,917
Balance sheet

Assets 274,014 227,450
Liabilities -70,074 -65,933
Reserves 203,940 161,517

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 2024


13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 32,635 30,337
Prepayments and accrued income 13,423 1,349
46,058 31,686

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 16) 2,629 2,629
Trade creditors 9,539 4,083
Social security and other taxes 2,658 1,617
Other creditors - 13,698
Accrued expenses 33,473 45,850
48,299 67,877

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 16) 3,160 5,651

16. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
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 2,629
Amounts falling due between two and five years:
Other loans - 2-5 years 531 3,022

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 2024


17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.7.24 31.7.23
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Fixed assets 264,694 - 264,694 258,778
Current assets 269,606 - 269,606 248,451
Current liabilities (48,299 ) - (48,299 ) (67,877 )
Long term liabilities (3,160 ) - (3,160 ) (5,651 )
482,841 - 482,841 433,701

18. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.8.23 in funds funds 31.7.24
£    £    £    £   
Unrestricted funds
General fund 433,701 41,471 7,669 482,841

Restricted funds
Ecodyfi - 7,669 (7,669 ) -

TOTAL FUNDS 433,701 49,140 - 482,841

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 434,098 (392,627 ) 41,471

Restricted funds
Ecodyfi 10,204 (2,535 ) 7,669

TOTAL FUNDS 444,302 (395,162 ) 49,140


Comparatives for 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

Mid and North Wales Training Group
Limited

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


18. MOVEMENT IN FUNDS - continued

Comparative 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

19. EMPLOYEE BENEFIT OBLIGATIONS

During the year £5,653 (2023 £7,451) was charged to pension contributions. At the year end no amounts were outstanding (2023 nil).

20. RELATED PARTY DISCLOSURES

During the year Myrick Training Services provided training workshops for Mid Wales Manufacturing Group in various numeracy courses along with course accreditation, guidance & verification to the value of £28,800 to support delivery of the Expanding Numeracy in Employed Adults Project.

WPG provided marketing materials to the value of £374.

EOM Installed Solar PV & associated works to the value of £8,110.

Myrick Training Services provided training courses to EOM to the value of £145.

Myrick Training Services provided training courses to Nibs to the value of £2,796.

Myrick Training Services provided training courses to Carpenter & Paterson to the value of £1,665.

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