Finance Score: -12

Governance Score: 6

Support Score: 5

Deficit on unrestricted reserves: -2
Pension deficit: -5
Accounts overdue -5

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +5

Overall GiG Score: -1

MERTHYR TYDFIL LEISURE TRUST LIMITED

Operate Cultural and Leisure Venues in Merthyr Tydfil providing access to a range of cultural and active recreation opportunities to benefit the Health and Wellbeing of the Community of Merthyr Tydfil. The venues include Libraries, Park, Castle, Museum, Theatre and Arts Venue, Leisure Centres and Community Centres. In addition a range of events delivered via the venues.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition
This charity is based in an area of high deprivation

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

There was a deficit on unrestricted reserves of £2,550,686 at the last year end after deducting the value of own use assets
There is a pension deficit of £3,344,000
Latest accounts are overdue for filing

Established: 9 years

01685725253

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/22	*	£4,203	£4,511	£-308	£0	£-2,182	£-2,551	-6.8	177	10
31/03/21		£4,334	£3,872	£462	£0	£-3,501	£-3,863	-12	103	0
31/03/20		£4,236	£4,873	£-637	£0	£-2,780	£-3,049	-7.5	148	26
31/03/19		£4,603	£4,739	£-135	£0	£-1,472	£-1,748	-4.4	159	26
31/03/18		£4,752	£5,017	£-265	£0	£-1,646	£-1,646	-3.9	142	26
31/03/17		£4,834	£4,986	£-151	£0	£19	£-1	-0	101	0
31/03/16	*	£4,694	£4,523	£171	£0	£171	£171	0.5	100	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 36%
Liabilities/Income: 16%
Unrestricted Funds/Total Funds: 117%
Reserves/Spending: -6.8 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.4

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Disability
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
Recreation
The Advancement Of Health Or Saving Of Lives

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Throughout Wales,

This charity is based in an area of high deprivation

Who it helps

Children/Young People
Elderly/Old People
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
The General Public/Mankind

Who works here?

177 employees
10 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
National Lottery Community Fund - Affordable sessions at Kent Equine Facilitated Learning
£9,960	28/04/2023	The funding will be used to provide equine learning sessions for young people that are experiencing poor mental health in the Kent area. The project aims to provide access to therapy sessions to ....more The funding will be used to provide equine learning sessions for young people that are experiencing poor mental health in the Kent area. The project aims to provide access to therapy sessions to support the needs of individual participants and work with them to address the challenges that they are experiencing.
National Lottery Community Fund - Access for all at Kent Equine Facilitated Learning
£95,000	16/02/2023	The funding will be used to improve the project's site to provide a space accessible for all. The project uses horse therapy to improve mental and physical health in neurodivergent young people.
Dunhill Medical Trust - ARTiculate
£18,524	10/12/2018 12	A series of creative writing workshops for older people
Dunhill Medical Trust - ARTiculate
£18,524	30/11/2018	A series of creative writing workshops for older people
National Lottery Community Fund - Shed Time
£4,472	18/03/2017 12	Merthyr Tydfil Leisure Trust Ltd will use the grant to provide new activities and sub-groups for older members of the local community to learn new skills and have the opportunity to socialise. This ....more Merthyr Tydfil Leisure Trust Ltd will use the grant to provide new activities and sub-groups for older members of the local community to learn new skills and have the opportunity to socialise. This grant for Â£4,472 will fund sessional worker fees and equipment.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Based on 7/8 persons

Age Range of Trustees: 37-68

JUSTIN MARK SMITH Appointed: 2022

MATTHEW WILLIAM ALYN GRIFFITHS Appointed: 2022, Occupation: Welfare And Education Executiv

MICHELLE ELLEN JONES Appointed: 2021

PROFESSOR ALED GRUFFYDD JONES Appointed: 2017, Occupation: Retired Academic

DAVID ANDREW LEWIS Appointed: 2019, Occupation: Accountant

HANNAH LOUISA KESTER Appointed: 2017, Occupation: Head Of Operations Threatre/Entertainment

JEREMY CHARLES ASHDOWN Appointed: 2019, Occupation: Hr & Organisational Dev.

SHERIDAN METHUEN Appointed: 2019, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 18/03/2015, number: 1160964
Registered at Companies House on 12/08/2014, number: 09172730

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

7 returns made; AR22: 62 days late, AR16: 0 days late,

Main office

Merthyr Tydfil Central Library
High Street
Merthyr Tydfil
CF47 8AF

Objectives

THE OBJECTS OF THE CHARITY (THE OBJECTS) ARE:1) TO PROVIDE OR ASSIST IN THE PROVISION OF BOTH INDOOR AND OUTDOOR FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE; 2) TO PROMOTE COMMUNITY PARTICIPATION IN HEALTHY RECREATIONAL ACTIVITIES;3) TO PROVIDE OR ASSIST IN THE PROVISION OF COMMUNITY FACILITIES TO BE AVAILABLE TO ALL SECTIONS OF THE COMMUNITY WITHOUT DISTINCTION, INCLUDING USE FOR MEETINGS, LECTURES AND CLASSES AND/OR OTHER FORMS OF RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR ALL THOSE WHO USE THE FACILITIES;4) TO ADVANCE EDUCATION IN THE ARTS BY THE ESTABLISHMENT AND MAINTENANCE OF AN ART GALLERY AND/OR MUSEUM;5) TO ADVANCE THE EDUCATION OF THE PUBLIC THROUGH THE PROVISION OF A LIBRARY;6) TO PROVIDE, MAINTAIN AND EQUIP PARKS WITH THE OBJECT OF ADVANCING PUBLIC EDUCATION, WITH PARTICULAR REGARD TO HORTICULTURE, ARBORICULTURE, WILD PLANTS AND WILDLIFE;7) TO PROMOTE THE ADVANCEMENT OF THE PHYSICAL EDUCATION AND HEALTHY RECREATION AMONGST YOUNG PEOPLE NOT UNDERGOING FORMAL EDUCATION;8) TO PURSUE SUCH OTHER CHARITABLE PURPOSES ANALOGOUS TO ANY OF THE ABOVE AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION SHALL DETERMINE (TOGETHER THE OBJECTS)FOR THE BENEFIT OF THE PUBLIC (AND IN PARTICULAR, BUT NOT LIMITED TO, THE PEOPLE OF MERTHYR TYDFIL COUNTY BOROUGH COUNCIL)

Data Sources