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2023-03-31-accounts

Charity registration number 1057083 (England and Wales)

NEATH ROUND TABLE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

NEATH ROUND TABLE

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Trustees Giles Payne Mathew Davies Darren Davies Charity number (England and Wales) 1057083 Principal address Neath Cricket Club Neath SA11 3AW Independent examiner Richard Chapple The Third Floor Langdon House, Langdon Road SA1 Swansea Waterfront Swansea Wales SA1 8QY

NEATH ROUND TABLE

CONTENTS

Page
Trustees report 1
Independent examiner's report 2
Statement of financial activities 3
Balance sheet 4
Notes to the financial statements 5 - 6

NEATH ROUND TABLE

TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The Charity trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The objects of the Charity are for such charitable purpose or purposes according to the laws of England and Wales for the benefit of such one or more individuals, charitable bodies, trusts, associations, institutions or organisations established for such charitable purposes.

Public benefit

The Trustees are aware of their responsibilities in ensuring that Charity delivers identifiable benefits to the public in accord with established objectives and permitted activities. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims, objectives and activities.

Achievements and performance

The Charity had a satisfactory year, with net income of £4,039

At the end of the year the reserves of the Charity were £38,183

The funds of the Charity are unrestricted.

Financial review

The Trustees aim to maintain its level of reserves in future years to enable it to effectively undertake the Charity's objectives in accordance with the Trust Deed.

The financial position of the Charity is satisfactory at 31 March 2023.

Structure, governance and management

Neath Round Table is governed by Trust Deed dated 28 March 1996.

Trustees

Giles Payne Mathew Davies Darren Davies

The Trustees report was approved by the Board of Charity Trustees.

Mathew Davies

17 June 2025

NEATH ROUND TABLE

INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF NEATH ROUND TABLE

I report to the Charity trustees on my examination of the financial statements of Neath Round Table for the year ended 31 March 2023 which are set out on pages 3 to 5.

Responsibilities and basis of report

As the Charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed ag the applicable Directions given by the Charity Commission under section 145(51(b) of the 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 that in any material respect:

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 financial statements to be reached.

Richard Chapple

17 June 2025

NEATH ROUND TABLE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted Unrestricted
funds funds
2023 2022
Notes £ £
Income from:
Donations and legacies 2 - 3,274
Charitable activities 3 61,619 -
Total income 61,619 3,274
Expenditure on:
Charitable activities
Fundraising costs 4 57,580 1,265
Total expenditure 57,580 1,265
Net income and movement in funds 4,039 2,009
Reconciliation of funds:
Fund balances at 1 April 2022 34,144 32,135
Fund balances at 31 March 2023 38,183 34,144

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

NEATH ROUND TABLE

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Current assets
Cash at bank and in hand
Net current assets
The funds of the
Unrestricted funds		 2023
£
38,183		 £
38,183
38,183
38,183		 2022
£
34,144		 £
34,144
34,144
34,144

The financial statements were approved by the Charity trustees on 17 June 2025

Mathew Davies

NEATH ROUND TABLE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Neath Round Table is a charity registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are contained in the trustees report.

1.1 Accounting convention

The financial statements have been prepared in accordance with the 's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The is a Public Benefit Entity as defined by FRS 102.

The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Charity trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount.

Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 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 costs 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.

NEATH ROUND TABLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.6 Taxation

The charity is exempt from tax on its charitable activities.

1.7 Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts - 3,274
3 Income from charitable activities
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Income from events 61,619 -
4 Expenditure on charitable activities
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising costs
Advertising 2,925 200
Carnival expenditure 49,817 368
Donations 4,132 697
Bank charges 706 -
57,580 1,265

5 Charity Trustees

None of the Charity trustees (or any persons connected with them) received any remuneration or benefits from the during the year.

6 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.