REGISTERED COMPANY NUMBER: 04712426

REGISTERED CHARITY NUMBER: 1101211

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

WILLOWS CENTRE TROEDYRHIW

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

22

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 August 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 2019).

This annual report includes the directors' report as required by company law.

OBJECTIVES AND ACTIVITIES

Objectives and aims

Promote the benefit of the inhabitants of Troedyrhiw and the neighbourhood together defined by the Plymouth Ward (hereinafter called "the area of benefit") without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.

Establish, or secure the establishment of, a Community Centre, maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of the Objects.

Promote such other charitable purposes as may from time to time to determined.

The Charity shall be non-party in politics and non-sectarian in religion.

Significant activities

Five session a week youth provision

Troedyrhiw Early Days Support (TEDS)

Troedyrhiw Vintage ladies.

Leisure Activities

Fitness Classes for Adults and Young People

Ynysowen RFC & Ynysowen Mini & Junior Section

Dog Ring Craft

Heatbeat 95 & NHS classes

ITEC

Public benefit

The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with S17 Charities Act 2011 when considering, planning and implementing the activities of the charity. As Trustees, we believe that the aims of our organisation are charitable and for the public benefit. Furthermore, in our view, no detriment or harm arises from our Charity carrying out its work and we are not aware of any widespread views among others that such detriment or harm might arise.

Grantmaking

Non-applicable

Volunteers

The centre has a volunteer's policy in place and aims to recruit and encourage volunteering in all sectors of its work.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Summary of the main achievements during the year:

Partnership working with MTCBC to provide a five session a week youth provision

Partnership working with Ynysowen Rugby Club

Increase of organisations hiring the facility

Young people supported with employability skills and training

Youth Club Health & Wellbeing Project

Increase of fitness class for both adult and young people

Street Games Project

Performance achieved in charitable activities against objectives set

We operated a varied programme of activities accessible for all community members, extending our provision and services to meet community need.

Any other factors relevant to achieving objectives

Partnership working with MTCBC

Partnership work and offering support and guidance with local voluntary organisations

Grant funders as stated

Fundraising activities

Community Events

Room Hire

Investment performance achieved against performance set:

All previous fundraising activities are active.

All set community outcomes were met.

FINANCIAL REVIEW

Principal funding sources

MTCBC Service Level of Agreements (SLA)

Grant giving organisations

Hire charges

Investment policy and objectives

We aim to build our contingency fund to cover at least six month running costs.

Relationship between expenditure and the charities key objectives

Core staff salaries.

Building maintenance and running costs.

Reserves policy

The company is working towards setting up a contingency fund, if funding allows, to cover 6 months running costs. The current targeted reserves is therefore £109,772.

Free reserves have been used over this financial period to fund essential core staff salaries and running costs, however, at the end of the year free reserves showed a balance of £134,164 (2024: £118,328) which is in excess of this target.

The trustees will continue monitoring costs and attempt to increase core hall hire income together with attempting to identify further sources of funding for the future and increase free reserves to the targeted level.

Principal financial management policies

All finances are recorded using the QuickBooks Accounting package & Sage Payroll.

All expenditure over £100 must be passed by the committee.

All cheques must have 2 signatures of 3 people designated by the Management Committee.

Funds in deficit

There are no funds materially in deficit.

Going Concern

The Charity has secured a Service Level Agreement up until the 31st March 2027 and the Charity would like to thank Merthyr Tydfil County Borough Council for their continued support.

The Charity has also secured funding for various project throughout the year and has also increased hire costs and maintained current users, while securing new users.

As a result, these accounts will be prepared on a going concern basis.

FUTURE PLANS

Meet the outcomes of our Business Plan, together with meeting the needs of the community.

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.

The Willows Centre Troedyrhiw is a Private Company Limited by Guarantee with Charitable Status, registered in England & Wales.

Recruitment and appointment of new trustees

The Willows Centre Troedyrhiw offers all organisations using the building the opportunity to nominate a person to sit on the management board.

Open A.G.M where individuals may be proposed.

A vote at the A.G.M is then taken to accept a new trustee.

(All applicants have a criminal records check, owing to the high volume of children's organisations using the premises).

Organisational structure

Management Committee/ Directors

Staff

Volunteers

Induction and training of new trustees

Relevant training providers are assessable.

Linked Charity

The Charity Commission directed that as of the 6th September 2019 the charity called The Troedyrhiw Boys and Girls Club (524194) ('the linked charity') shall be treated as forming part of the charity called Willows Centre Troedyrhiw (1101211)('the reporting charity') for the purposes of Part 4 (registration) and Part 8 (accounting) of the Charities Act 2011.

All funds and assets of the Troedyrhiw Boys & Girls Club are separately identified as a restricted fund.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A small contingency fund has been set up, which needs to be increased to an appropriate amount as and when our finances allow. Recorded monthly financial reports are reviewed in management meetings to continually assess funds.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04712426 (Not specified/Other)

Registered Charity number

1101211

Registered office

The Willows

Bridge Street

Troedyrhiw

Merthyr Tydfil

Trustees

A Bishop Chairperson

D Bulford Treasurer

P Howells Company Secretary

S Hagerty

D Games Co-opted member (resigned 10.4.25)

Independent Examiner

Richard I. Knoyle ACA FCCA

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

Organisation Manager

The day to day running of the centre is undertaken by Committee Members.

Bankers - Santander

Approved by order of the board of trustees on 29 April 2026 and signed on its behalf by:

A Bishop - Trustee

Independent examiner's report to the trustees of Willows Centre Troedyrhiw ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

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.

Richard I. Knoyle ACA FCCA

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

29 April 2026

2025

2024

The

Troedyrhiw

Boys &

Unrestricted

Restricted

Girls

Total

Total

funds

funds

Club

funds

funds

Notes

£

£

£

£

£

INCOME AND

ENDOWMENTS FROM

Donations and legacies

2

-

151,425

-

151,425

148,343

Charitable activities

Hire Premises

84,966

1,670

-

86,636

67,452

Other trading activities

3

-

-

-

-

740

Total

84,966

153,095

-

238,061

216,535

EXPENDITURE ON

Raising funds

4

1,567

-

-

1,567

1,500

Charitable activities

Youth Activities

66,722

138,317

-

205,039

216,309

Capital Project

185

9,918

2,834

12,937

11,717

Total

68,474

148,235

2,834

219,543

229,526

NET INCOME/(EXPENDITURE)

16,492

4,860

(2,834

)

18,518

(12,991

)

Transfers between funds

14

(841

)

826

15

-

-

Net movement in funds

15,651

5,686

(2,819

)

18,518

(12,991

)

RECONCILIATION OF

FUNDS

Total funds brought forward

119,561

336,723

284,427

740,711

753,702

TOTAL FUNDS CARRIED FORWARD

135,212

342,409

281,608

759,229

740,711

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

10

523,944

536,881

CURRENT ASSETS

Debtors

11

12,548

12,137

Cash at bank and in hand

228,285

197,046

240,833

209,183

CREDITORS

Amounts falling due within one year

12

(5,548

)

(5,353

)

NET CURRENT ASSETS

235,285

203,830

TOTAL ASSETS LESS CURRENT LIABILITIES

759,229

740,711

NET ASSETS

759,229

740,711

FUNDS

14

Unrestricted funds

135,212

119,561

Restricted funds

624,017

621,150

TOTAL FUNDS

759,229

740,711

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.

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 29 April 2026 and were signed on its behalf by:

A Bishop - Trustee

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.

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.

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.

The following specific policies are applied:

Voluntary income

Income received by way of grants, gifts or donation is included in full on receipt unless it is subject to a condition when it is treated as deferred income.

Deferred income

Income or grants received in advance are held as deferred income and carried forward to future accounting periods to be released when the defined purposes of the work or project have been completed, approved or certified.

Gifts in kind

Gifts in kind are included in the income and expenditure account where they are applied in carrying out charitable activities, where the company would otherwise have to purchase the donated facility and the benefit is both quantifiable and material. The quantifiable benefit is shown as both incoming and expended resources within the appropriate funds. Where the gift is an asset it is treated as income and taken to stock or fixed assets as appropriate.

The value of services provided by volunteers is not quantified.

Investment income

Investment income is included when receivable.

Trading income

Trading income is recognised when earned.

Government Grant Income comprises specific project related direct support. see note 9, Incoming Resources, for amounts.

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.

Freehold property improvements

-

at varying rates on cost

Land & Buildings (TB&GC)

-

2% on cost

Plant and machinery

-

at variable rates on reducing balance

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.

Designated funds are those unrestricted funds set aside for a specific purpose by the Board.

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.

Organisational status

The organisation is a company limited by guarantee and a registered charity. The directors are the trustees, and are set out within the Trustees Annual Report, they form a board of trustees which is the executive body of the charity, the aims and objectives and rules for governance are set out in the charitable company's Memorandum and Articles of Association.

Tangible fixed assets

Tangible fixed assets are included in the balance sheet at historic cost less accumulated depreciation. grant receipts which fund fixed asset acquisitions are taken to restricted funds and the appropriate depreciation charge is made against those funds over the expected useful life of the asset.

Leased assets

Fixed assets acquired under finance leases are included in the balance sheet at historic cost less accumulated depreciation. The present value of future rentals is shown as a liability. Interest payable in each period is charged as an expended resource in proportion to the amount outstanding under the lease. Operating lease rentals are charged as expended resources as incurred.

Stock

Stock is included in the balance sheet at the lower of cost or net realisable value, provisions being made as appropriate against any obsolete or slow moving items. Where stock is held for a specific restricted purpose the relevant incoming resources are held as balances on restricted funds.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Going concern

The financial statements have been prepared on a going concern basis. See Note 18 for further information.

Branch Accounting

These accounts include the activity of the Troedyrhiw Boys and Girls Club a linked charity. Branch accounting has been adopted for this arrangement.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

-

125

Grants

47,153

51,139

Service Level Agreement

104,272

97,079

151,425

148,343

Grants received, included in the above, are as follows:

2025

2024

£

£

National Lottery

20,000

-

MTCBC

6,500

18,370

Merthyr Valley Homes

653

2,132

Voluntary Action Merthyr Tydfil

-

10,637

Garfield Western

20,000

20,000

47,153

51,139

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Membership

-

740

4.	RAISING FUNDS

Raising donations and legacies

2025

2024

£

£

Staff costs

1,567

1,500

5.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

12,937

11,717

Accountancy & Independent Examiners Fee

2,832

2,832

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

There are no high paid staff earning over £60,000.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

7.	STAFF COSTS

2025

2024

£

£

Wages and salaries

104,780

109,189

Other pension costs

2,356

2,563

107,136

111,752

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

2025

2024

Youth activities - full time equivalent

8

9

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

Included in the above is employers national insurance contributions amounting to £1,929 (2024: £1,246).

The key management of the charity comprises the Directors/Trustees. The total benefits of the the key management personnel of the charity was £Nil.

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

The

Troedyrhiw

Boys &

Unrestricted

Restricted

Girls

Total

funds

funds

Club

funds

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

125

148,218

-

148,343

Charitable activities

Hire Premises

67,452

-

-

67,452

Other trading activities

740

-

-

740

Total

68,317

148,218

-

216,535

EXPENDITURE ON

Raising funds

1,500

-

-

1,500

Charitable activities

Youth Activities

63,774

152,535

-

216,309

Capital Project

218

8,665

2,834

11,717

Total

65,492

161,200

2,834

229,526

NET INCOME/(EXPENDITURE)

2,825

(12,982

)

(2,834

)

(12,991

)

Transfers between funds

1,865

(1,865

)

-

-

Net movement in funds

4,690

(14,847

)

(2,834

)

(12,991

)

RECONCILIATION OF FUNDS

Total funds brought forward

114,870

351,570

287,262

753,702

TOTAL FUNDS CARRIED FORWARD

119,560

336,723

284,428

740,711

9.	CHARITABLE ACTIVITY COSTS

Activity

Direct costs

Support costs

Total

£

£

£

Youth activities

194,924

10,115

205,039

Capital projects

6,252

6,685

12,937

201,176

16,800

217,976

Support costs are allocated against the activities of the organisation on a percentage of activity basis as follows:

Allocation Basis

Capital Equipment

Management

Finance

Governance

Total

Activities

Youth activities

-

4,790

2,493

2,832

10,115

Capital projects

6,685

-

-

-

6,685

6,685

4,790

2,493

2,832

16,800

Governance:

Independent Exam. Fee

2,832

10.	TANGIBLE FIXED ASSETS

Freehold

Land &

property

Buildings

Plant and

improvements

(TB&GC)

machinery

Totals

£

£

£

£

COST

At 1 September 2024 and 31 August 2025

452,022

233,687

26,624

712,333

DEPRECIATION

At 1 September 2024

138,276

11,340

25,836

175,452

Charge for year

9,314

2,835

788

12,937

At 31 August 2025

147,590

14,175

26,624

188,389

NET BOOK VALUE

At 31 August 2025

304,432

219,512

-

523,944

At 31 August 2024

313,746

222,347

788

536,881

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

12,548

12,137

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

972

512

Other creditors

-

1

Pension creditor

533

451

Net Wages

1,211

1,236

Accrued expenses

2,832

3,153

5,548

5,353

13.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

The balances on restricted funds are represented by the following underlying assets:

Unrestricted funds

Restricted funds

Total Funds 2025

Total Funds 2024

£

£

£

£

Fixed assets

1,048

522,896

523,944

536,881

Net Current Assets

134,164

101,121

235,285

203,830

135,212

624,017

759,229

740,711

Analysis of Reserves:

Amounts set aside to write down fixed assets

1,048

522,896

523,944

536,881

Other designated and restricted funds

-

101,121

101,121

85,502

Free Reserves

134,164

-

134,164

118,328

135,212

624,017

759,229

740,711