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2024-08-31-accounts

Glamorgan Family

Cymdeithas Hanes Teuluol Morgannwg

History Society FexZz

Glamorgan Family History Society

Unaudited Financial Statements to

31 August 2024

CHARITY REGISTRATION NUMBER: 1059537

Page 1 of 16

Glamorgan Family | By History Society SO eae

Cymdeithas Hanes Teuluol Morgannwg

Trustees' Annual Report

Year ended 31 August 2024

The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.

Reference and administrative details:

Registered charity name Glamorgan Family History Society Charity registration number 1059537 Principal office United Kingdom The Trustees Susan Hamer (Chair) Nancy Thomas (Vice Chair) Anouska Osborne Guy Bevan (Treasurer) Billie McNamara Janet Neilson Penny Williams (Secretary) Jean Fowlds Pat Rees Ian Black Susan Tiller Carolyn Jacob Jane Jones Meic Jones Independent Examiner Diana Hughes Charlton Baker 130 High Street Marlborough Wiltshire SN8 1LZ

Structure, governance and management

The Society is administered by the Executive Committee which consists of four elected Officers (Chairman, Vice Chairman, Secretary and Treasurer); five Executive Committee Members and six Branch Trustees. Branch Trustees are elected at the Branch Annual General Meetings. The Society Officers and Committee Members are elected at the Annual General Meeting. All Trustees hold office for one year only but can be re-elected. The four Society Officers can hold office for a maximum of five consecutive years.

The Executive Committee meets a minimum of four times a year in January, April, July and October. Additional sub-committees meet as required and report to the quarterly Executive Committee meetings.

Society's Objectives

As a registered charity the main objective of the Glamorgan Family History Society is to encourage and stimulate research into genealogy and allied subjects with particular reference to the historic county of Glamorgan; to assist members in their private research; encourage the transcription and preservation of records of family history and the deposit of original documents of value in approved repositories; publish papers of genealogical value and interests; establish, to mutual advantage, relations with other organisations interested in genealogy and allied subjects; maintain a library and to publish a journal regularly.

Page 2 of 16

Glamorgan Family History Society ms

Cymdeithas Hanes Teuluol Morgannwg

Trustees' Annual Report (continued)

Year ended 31 August 2024

Achievements and performance

During the last financial year our Resource Centre at Aberkenfig opened two Wednesdays and one Saturday a month but received very few visitors. A different weekday will be trialled from January 2025. Some of our branches also report low attendance and have tried different times and days as well as external visits to stimulate interest. The Online Branch meetings via Zoom continued to be popular. Some of our Branch Committees, as well as the Resource Centre, are struggling to get volunteers, although the Society successfully fielded volunteers at the week-long Eisteddfod in Pontypridd in August as well as at the Family History Show in Malvern in March.

The income from the Membership Subscriptions was £18,292 (last year £16,409) an increase of £1,883. Many of the subscriptions are gift aided, totalling £1,633 (last year £1,577). Total primary income is £21,182 (last year £19,075). The secondary income, generated from the sale of the Society's publications and the royalties derived from the use of our online indexes on Find My Past, is £4,478 (last year £4,010). Total income from all sources was £25,659 (last year £23,086), an increase of £2,573.

The costs of producing the 500+ publications was £1,377, an increase of £408 from the previous year mainly due to the change to downloads. Journal costs of £7,433 have fallen by £434, reflecting reduced membership and more members opting for an online journal only.

The main expenses this year were:

The main expenses this year were:
Production of the Quarterly Journal 7,433
Rent and running cost of the Resource Centre Rent and running cost of the Resource Centre
9,122
Support and Administration Costs 4,429
Others 6,808
Total 27,792

The annual accounts include the summaries of the Society’s Branch Accounts and this year their combined net costs were £485.

Rental of the Resource Centre was £6,620 (last year £6,194), which is included in the Total Resource Centre costs of £9,122 (last year £8,947). Overall Support Costs of £4,429 (last year £5,154) were down by £725.

Our gross publication stocks stand at £14,008. This figure includes books for resale and our set of Master Copies. Further titles were made available for sale this year as downloads. The Society retains a provision of £2,000 against this Gross Stock Balance to allow for any future write-down of paper publications. The net stocks therefore stand at £12,008.

As in previous years we would encourage members to use the Society’s online indexes on Find My Past, as that increases our income via royalties and help us to reduce financial and administrative costs by using the Society website to renew membership and by participating in the various projects to increase our resources. We would also ask those members who pay income tax to also consider gift aiding their membership subscription.

Development of the Society’s website is being discussed by the Website team.

An annual deficit of £2,133 is shown in the Society’s accounts. This negative result is principally due to expenses of attending the Eisteddfod (£2,241) and a bad debt provision (£697), partly offset by improved income.

Page 3 of 16

Cymdeithas Hanes Teuluol Morgannwg

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----- Start of picture text -----
Glamorgan Family
History Society Cicniae®,
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Trustees' Annual Report (continued)

Year ended 31 August 2024

Financial review

Use of Reserves in the coming year:

In the short term – we will continue to:

In the medium term:

In the longer term:

The trustees' annual report was approved on 29[th] January 2025 and signed on behalf of the board of trustees by:

Sue Hamer, Chairman

Page 4 of 16

Glamorgan Family

Cymdeithas Hanes Teuluol Morgannwg

History Society eo a

Independent Examiner's Report to the Trustees of Glamorgan Family History Society

Year ended 31 August 2024

Report to the trustees of Glamorgan Family History Society On accounts for the year to 31[st ] August 2024 Charity no 1059537 Set out on pages Six to Sixteen Inclusive

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2024.

Responsibilities and basis of As the charity's trustees, you are responsible for the preparation of the accounts in report accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's I have completed my examination. I confirm that no material matters have come to my statement attention in connection with the examination which gives 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 accounts to be reached.

Signed: Date:[3 March 2025 ] ~~iS es |~~ Name: Diana Hughes, Charlton Baker, 130 High Street Marlborough, SN8 1LZ Professional qualification: FCCA, FMAAT ~~PC~~

Page 5 of 16

Glamorgan Family History Society

Cymdeithas Hanes Teuluol Morgannwg

Year ended 31 August 2024
Income and Endowments See Note:
~~—~~
2024
£
~~LI]~~
~~ ~~
Donations and Legacies
Other TradingActivities
~~ee~~
4
5
~~e~~e
21,181
4,478
~~ee~~
~~ ~~
Total Income
Expenditure
~~Po~~
25,659
~~[
~~ ~~[~~
Expenditure on raising funds:
Costs of raising donations and legacies 6 3961 538
Costs of other trading activities 7 10,280 9,875
Expenditure on charitable activities 8,9,10,11 13,551 14,100
Total Expenditure
Net expenditure and net movement in funds
Reconciliation of Funds
~~PT~~
~~[OT~~
27,792
-2,133
~~a~~
~~[
~~ ~~[~~
[
Total Funds Brought Forward
Total Funds Carried Forward
~~P
~~ 73,487
71,354
~~—_~~
74,915
73,487
~~—~~

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. All Society Funds are Unrestricted.

Page 6 of 16

Glamorgan Family

Cymdeithas Hanes Teuluol Morgannwg

==> picture [202 x 29] intentionally omitted <==

----- Start of picture text -----
History Society
‘~
----- End of picture text -----

Statement of Financial Accounts

See Note:
Fixed Assets
Tangible Assets
13
Current Assets
~~oy~~
~~OO~~
See Note:
Fixed Assets
Tangible Assets
13
Current Assets
~~oy~~
~~OO~~
Year ended
2024
£
688
~~=~~
31 August 2024 2023
£
70
Stocks
14
12,008 12,931
Debtors
15
3,486 4,424
Cash at bank and in hand 57,057 57,599
Total Current Assets 72,551 74,954
Creditors: amounts fallingdue within oneyear
16
Net Current Assets
Total Assets less Current Liabilities
Net Assets
Total Funds of the Charity
17
~~ee~~
~~CF~~
~~ee~~
~~CF~~
~~a~~
-1,885
70,666
71,354
71,354
71,354
~~—~~
~~—~~
-1,537
73,417
73,487
73,487
73,487
~~=~~
~~—~~

These financial statements were approved by the Board of Trustees and authorised for issue and are signed on behalf of the Board by:

Penny Williams

Society Secretary

02.03.25

Page 7 of 16

Glamorgan Family History Society

Cymdeithas Hanes Teuluol Morgannwg

Statement of Cash Flows

Year ended 31 August 2024
See Note:
2024
£
~~—~~
~~LI]~~
~~ ~~
Cash Flows from operating activities:
Net Expenditure
Current Year Depreciation of Tangible Fixed Assets
~~a~~
~~a~~
10 -2,133
70
~~
~~
~~
~~ -1,428
70
~~[
Changes in:
Stocks 923 274
Trade and other Debtors 938 120
Trade and other Creditors 348 899
Cash Generated(Used) by Operations
Cash Flows from Investing Activities:
(Purchase) /Disposal or Write-off of tangible assets
~~a~~
~~ee ~~
10
~~e~~e
146
-688
~~
~~
~~ee~~
-65
0
~~Ld]~~
~~
Net Cash from Investments
Net increase/ (decrease) in cash and cash equivalents
~~a~~
~~a~~
-688
-542
~~
~~ 0
-65
~~[
~~
~~[~~
Cash and Cash Equivalents Brought Forward 57,599 57,664
Cash and Cash Equivalents Carried Forward 57,057 57,599
Cash Movement -542 -65

Page 8 of 16

Glamorgan Family | By History Society SO eae

Cymdeithas Hanes Teuluol Morgannwg

Notes to the Financial Statements

Year ended 31 August 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is in the United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties regarding the charity's ability to continue its activities.

Judgements and key sources of estimation uncertainty

There were no judgements, estimates or assumptions involved in the preparation of the financial statements other than those disclosed under the fixed assets policy note and under note 10 regarding a Stock Provision and a Provision for Doubtful Debt.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

The Society currently has no Designated or Restricted Funds. All Society Funds are Unrestricted.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Page 9 of 16

Glamorgan Family | By History Society SO eae

Cymdeithas Hanes Teuluol Morgannwg

Notes to the Financial Statements (continued)

Year ended 31 August 2024

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

All fixed assets are initially recorded at cost. Only items costing £100 or more are capitalised, with any items below that limit written off to P&L.

Depreciation

Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset at 20% per annum on a Straight-Line Basis.

Page 10 of 16

Glamorgan Family | By History Society SO eae

Cymdeithas Hanes Teuluol Morgannwg

Notes to the Financial Statements (continued)

Year ended 31 August 2024

3. Accounting policies (continued)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Page 11 of 16

Glamorgan Family

Cymdeithas Hanes Teuluol Morgannwg

History Society ‘~

Notes to the Accounts (Continued)

Year ended
See Note:
~~——~~
~~L~~
Year ended
See Note:
~~——~~
~~L~~
Year ended
See Note:
~~——~~
~~L~~
Year ended
See Note:
~~——~~
~~L~~
Year ended
See Note:
~~——~~
~~L~~
2024
£
31 August 2024 2023
£
4. Donations and Legacies
Donations
Gift Aid Donations (incl Interest) 1,633 1,577
Non Gift Aid Donations 268 142
Donations via ARC 0 0
Sponsorship/ Advertising Income
Subscriptions - Membership Fees
~~a~~
~~ee~~
0
18,292
75
16,408
Other Donations and Legacies
Income from Branch Activities 988 873
SocietySupport Income 0 0
Total Donations and Legacies
~~ee~~
21,181
~~—~~
19,075
~~a~~

A Gift Aid Claim included above of £1,633 covers the year ended 31st August 2024 (last year £1,577).

Page 12 of 16

Glamorgan Family History Society

Cymdeithas Hanes Teuluol Morgannwg

Notes to the Accounts (Continued)

Year ended 31 August 2024
See Note:
~~—~~
2024
£
~~L_d~~
~~ ~~
5. Other Trading Activities
Merchandise Sales
Fairs Income
Royalties from use of Historic Records
ARC- Printing and Internet
SWAG
~~mT~~
2,994
271
1,141
72
0
2,506
0
1,267
76
161
~~£~~
6. Costs of raising donations and legacies 4,478
~~[
~~ ~~[~~
Room Hire
934
Other Sundry Costs
0
Grants to Branches
0
Speakers
785
Venue Hire Costs
0
Travel, Accomodation and sundry
0
Sundry Fair Costs
0
Eisteddfod Costs
2241
3960
~~POU~~
495
0
0
43
0
0
0
0
538
7. Costs of other trading activities
Merchandise Production costs
Shop Costs - other office costs
Website Costs
SocietyLibrary
~~a ~~
9,405
8,470
613
1,078
262
196
0
131
~~e~~e~~e~~
8. Expenditure on Charitable activities by fund type 10,280
~~[
~~ ~~[~~
Resource Centre 8a 9,122 8,947
Support Costs 8b 4,429 5,154
13,551 14,101

Page 13 of 16

Glamorgan Family History Society

Cymdeithas Hanes Teuluol Morgannwg

Notes to the Accounts (Continued)

Year ended 31 August 2024
See Note:
~~—~~
2024
£
~~L_]~~
2023
£
~~
8a. Resource Centre Costs
ARC Rent 6,620 6,195
Computer Costs 1,620 1,721
Statutory Maintenance Checks 178 238
Telephone & Broadband (Incl Smarty mobile) 640 479
Other 64 314
~~L~~ 9,122
~~
~~

Computer Costs of £1,620 includes Zoom Licences of £487 in the current year.

8b. Support Costs

Mileage and Motor Expenses 170 138
General Office Costs 850 2,462
Insurance 1,274 1,249
Officer's Internet Costs 12 800 600
Fixed Asset Write-off 10&11 0 0
Annual Depreciation 10&11 70 70
Others 35 35
Debtor Balance Written Back -67 0
Provision for Doubtful Debt (Merthyr Leisure Centre) 697 0
Independent Examination Fee 600 600
4429
~~Ld~~
5154
~~Ld~~

9. Expenditure on charitable activities by type

Resource Centre Support Costs £ £ Activities Undertaken ~~a~~ 9,122 4429 13551 ~~Ld~~ 14,101 10. Net Expenditure See Note: ~~[~~ Depreciation of tangible fixed assets. 8 & 8b 70 70 Change in Provision for Reduction in Stocks. 7 0 0 Fixed Assets Additions 688 0 Provision for Doubtful Debt. ~~-—~~ 697 ~~BE~~ 0 In the current year No fixed assets were written off (last year nil). Depreciation in the current year includes an annual charge of £70. However, a recategorisation of £422 between Cumulative Depreciation and Fixed Assets is included to correct a previous error. This adjustment has no net effect on the Society's Accounts or Net Assets.

Provision for Doubtful Debt: In 2020 the Society paid £697 to Wellbeing Merthyr, being 50% deposit on the rent of a hall for a History Fair. The event was cancelled due to Covid. Up to and including last year's accounts the Society has been satisfied by correspondance that the amount would be repaid or compensated. In the current financial year, despite many attempts to gain repayment no response has been forthcoming. It is understood that Wellbeing Merthyr has had issues. Although the Society will continue attempting to resolve this it is deemed prudent to fully provide for a write-off of the pre-payment, which adversely impacts the Profit and Loss Account by £697. Page 14 of 16

Glamorgan Family History Society

Cymdeithas Hanes Teuluol Morgannwg

Notes to the Accounts (Continued)

Year ended 31 August 2024
See Note:
~~—~~
2024
£
~~Ld~~
2023
£
~~
11. Independent Examination Fee 8
~~a~~
600
~~ae~~
600
~~[
12. Trustee Remuneration 8
~~[
~~

£291 was paid to five Trustees to reimburse neceesary general and travel expenses. In addition, £800 was paid to five Trustees to cover broadband (Last Year a total of £600 to three Officers).

No remuneration, Honorariums or other benefits from employment with the Charity or any related entity were paid to the Trustees. 13. Tangible Fixed Assets

13. Tangible Fixed Assets 13. Tangible Fixed Assets
Equipment
Total
£
£
~~
~~
~~
Cost
As At 1st September 2023
10,332
Additions / (Disposals)
10
688
Prior Year Adjustment
-422
At 31st August 2024
10,598
~~PP~~
10,332
688
-422
10,598
~~Ge~~
Depreciation
As At 1st September 2023
10,262
Prior Year Adjustment
-422
Charge/ (Write-Back) for the year
10
70
At 31st August 2024
9,910
~~PR~~
10,262
-422
70
9,910
~~GE~~
Carried Forward
As At 1st September 2023
70
Net Prior Year Adjustment
0
Year's Additions, less Year's Depreciation
10
618
At 31st August 2024
688
~~Po~~
~~RB~~
70
0
618
688
~~GE~~
14. Stocks
2024
2023
£
£
~~
Gross Finished Goods and Goods for Resale
14,008
14,931
Provision for Reduction of Stocks
-2000
-2000
Net Finished Goods and Goods for Resale
12,008
12,931
~~==~~
~~GE~~

Page 15 of 16

Glamorgan Family History Society

Cymdeithas Hanes Teuluol Morgannwg

Notes to the Accounts (Continued)

Year ended 31 August 2024 31 August 2024 31 August 2024
2024
£
~~_~~
2023
£
~~J~~
15. Debtors
Trade Debtors 324 340
Prepayments and Accrued Income Gift Aid 1,609 1,577
ARC Rent 1,088 1,326
Merthyr Leisure Centre 697 697
Other Incl Insurance 465 524
Sub Total
Provision for Doubtful Debt
10
Total Debtors
16. Creditors: Amounts falling due within one year.
Accrued Costs
Other Creditors
~~re ~~ee
~~oT~~
4,183
-697
3,486
1,400
485
~~LL~~
~~ee~~
~~tL~~
4,464
0
4,464
1,200
337
~~[
17. Analysis of Charitable Funds B/F
01/09/2023
£
~~
~~ 1,885
1,537
C/F
Income
Costs
31/08/2024
£
£
£
~~L
~~
~~[
Unrestricted Funds
73,487
25,659
27,792
71,354
~~CO~~
~~
~~
18. Analysis of Net Assets Between Funds 2024
£
~~_~~
2023
£
~~J~~
Total Fixed Assets
Current Assets
Current Liabilities
~~fs~~
688
72,551
-1,885
~~
~~
Total Unrestricted Funds
~~Po~~
71,354
~~[
~~

Page 16 of 16