Charity Accounts Intelreading the accounts so you don’t have to

TYDDYN MON

Registered charity 1072035 · accounts filings on the Charity Commission register

Get email alerts for this charity

Latest income
£2.8m
Latest spending
£2.7m
Registered
1998
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity generated a net income of £122,756 for the year ended 31 March 2023, with total incoming resources of £2,433,722. The trustees report that free reserves of £2,663,806 provide 25 weeks of operating costs, meeting their stated policy target of 3 to 6 months of expenditure. However, the going concern basis relies on the assumption that adequate funding from local authorities and government agencies will continue to be available.

What the accounts disclose

Reserves policy: three to six months of expenditure (held: £2.7m)
“The Board has examined the Charitable Company's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the Charitable Company should be between 3 and 6 months of the expenditure.” — page 10
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The group and parent charitable company's survival is largely dependent on funding from local authorities and government agencies. The financial statements have been prepared on the assumption that adequate funding will be available in the future and therefore the trustees consider it appropriate to prepare the financial statements on a going concern basis.” — page 23
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Mr J.G.P. Webster and Ms T.A. Davies are paid remuneration in relation to the work that they undertake for the Charitable Company as a support worker and housing manager. They are not paid for their posts as trustees.
“The trustees Mr J.G.P. Webster and Ms T.A. Davies are paid remuneration in relation to the work that they undertake for the Charitable Company as a support worker and housing manager. They are not paid for their posts as trustees.” — page 27
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: Tyddyn Mon Trading Ltd
“The Charitable Company has a wholly owned trading subsidiary 'Tyddyn Mon Trading Ltd'.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Williams Denton Cyf. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.8m
Total spending
£2.7m
Cost of raising funds
£105k
Reserves (reported)
£1.3m
Employees
65

Reported reserves equal ~6.0 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Isle Of Anglesey

Income and spending

Financial year endIncomeSpending
31/03/2025£2.8m£2.7m
31/03/2024£2.5m£2.4m
31/03/2023£2.4m£2.3m
31/03/2022£2.1m£2.0m
31/03/2021£1.9m£1.7m

Common questions

Is TYDDYN MON financially healthy?

The accounts state that the charity generated a net income of £122,756 for the year ended 31 March 2023, with total incoming resources of £2,433,722. The trustees report that free reserves of £2,663,806 provide 25 weeks of operating costs, meeting their stated policy target of 3 to 6 months of expenditure. However, the going concern basis relies on the assumption that adequate funding from local authorities and government agencies will continue to be available. Its FY2023 accounts were audited by Williams Denton Cyf.