2026-03-31-accounts - Guilsfield Community Centre

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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- MARCH 2026

GUILSFIELD COMMUNITY CENTRE PROFfl AND LOSS ACCOUNT FOR TKE YEAR ENDED 315f MARCH 2026 2026 2025 COME Grants received from PCC re school use and village hall graats AtTiliation fees and hire Bank Interest Re¢eived Bank Compensation From Tennis Club From NFU 9,639 17,802 48 70 9,468 10,013 4,754 27 559 EXPENDITURE Coretsk¢r ¢harg¢s Insurallc¢ PCC charges- water, light and heat Post and stationery Rq)airs and Renewa]s PCC aunual premises iicence Gifis AGcouDtattGy Profe&sional Fees Grass Cutting Ballk Charges 4.775 1.824 8,158 72 5,410 70 4,456 1,644 8,960 81 6,585 140 50 1.670 900 1.440 350 13 NET (LOSS)IPROFrr W¢ hav¢ pr¢pwed th¢ a¢¢ots for the y¢ar ended 31. Mar¢h 2026. without ¢arryiDg oui an audil from the accounting records and from inforn]ation and explanations supplied to us. Cadwallader & Co LLP 24th June 2026 Eagle House 25 Severn Street Welshpool Powys SY217AD

GUIiSFIELD COmIUNy CENTRE BALANCE SHEET 31- MARCH 2026 2026 2025 Nots FIXED ASSETS Tanyl)le assets 480,528 480,528 CURRENT ASSETS Debtors & prepayments Cash at bank alld tn hand Trasfer to Successor CIO 764 43,596 10,827 CURRENT LIABILITIES Creditors- amounts fliftg- Due within onc year Creditors- arnollnts fling- Dlle aftcr morc than one year Receipt in Advance 6,620 10,915 4,000 ET ASSETS 514881 FINANCED BY CAPITAL ACCOUNT 509 973

GUILSFIELD COMMUNrrY CENTRE NOTES TO THE FINANCIAL STATEMEf4TS FOR THE YEAR ENDFD 31- MARCH 2026 I. TAJY IBLE FIXED ETS A¢¢ess Ro4d A]1 Wether Area COST At 31 March 2025 116 14ET BOOK VALUE At 31° March 2026 At 31° March 2025 21 Tollets & Changkng Rooms Storlge Art Car park Totals COST Ai 3191 March 2025 L¥ET BOOK VALUE At 31" Mwch 2026 At 3151 March 2025 2. CAPAL ACCOUNT 2026 2025 Brought forward Add Net Profit 509,973 503,178 514 881 S09 973

Guilsfield Community Centre Trust

Minutes of The Annual General Meeting

5[th] November 2025 at 19:30

Community Centre

Attending

Trevor Trevor (TT) - Chair Malcolm Graham (MRG) – Guilsfield ADS – Secretary Graeme Harkness (GH) - Treasurer Edward Davies (ED) – Guilsfield Cricket Club Richard Davies (RD) – Guilsfield Football Club Penny Jones (PJ) – Montgomeryshire Youth Theatre Chris Roach (CR) – Bookings Coordinator *Alison Heyes (AH) – Guilsfield Tennis Club * Philip Heyes (PH) – Bowls Club Ian Harrison (IH) – County Councillor John Points (JP) – Bowls Club Liz Harding (LH) – Guilsfield Football Club

Apologies

Lucy Rooke – Tennis Club Tesni Jones – Guilsfield YFC

*Denotes Trustee

Business Transacted

1./ Welcome. The Chairman welcomed those who had attended the meeting.

2./ Minutes of Previous AGM 6[th] November 2024. These were accepted as a true record. There were no matters arising that were not covered by the Agenda.

3./ Chairman’s Comments and Annual Summary. A copy of the report is appended to the minutes, but in summary :-

a./The new CIO to take over the whole of the activities of the Trust is now fully formed. Some further work is required to regularise various aspects

b./ The troublesome VAT scheme is now wound up with the immediate effect being a 20% reduction in hire charges to users of Trust / CIO facilities.

c./ A number of issues were highlighted with regard to solar panels, water / plumbing upgrade, stage lighting safety were flagged up.

d./ A successful sub committee has been launched in order for all the users of outdoor sports facilities to collectively manage the facilities day to day.

e./ PCC will not renew the lease for the Community Centre itself from 1[st] April 2026.

f./ Thanked everyone who had worked hard and contributed to the running of the Centre and the restructuring of the outside sports arrangements.

4./ Treasurer’s Report. The Treasurer’s Report is summarised below and the annual accounts for Year ending 31[st] March 2025 are appended to these Minutes.

a./ The Treasurer is new in his post but pointed out the accounts to the end of March 2025 had been provided by the Accountants. They show that the Trust / CIO is solvent. It is noteworthy that the surplus can be explained by one off income from a generous grant from NFU and the transfer of funds that had been held by the Tennis Club after the regularisation of affairs with regard to responsibility for the Outdoor Sports facilities. Without these exceptional items the deficit of income over outgoings would have been significant. This is the root of lack of agreement on lease renewal with PCC.

b./ In the current financial year strides are being made with regard to income and expenditure within the subcommittee of outdoor facilities users.

c./ The current finances remain solvent. For now.

d./ Ending of the lease for the Centre brings a set of challenges that are evolving at the current time.

ED proposed and MG seconded that the accounts should be ADOPTED by the Trust. This was unanimously agreed by the Trustees present.

TT thanked GH for stepping into the breach as both a new Trustee and Treasurer. He brings considerable experience to the role.

5./ Election of Officers. The Secretary reported that in accordance with the Notice of Annual General Meeting no additional nominations for the elected officers had been received so they would remain in place for the coming year. The following were reconfirmed in their roles. This was unanimously confirmed by those Trustees present

a./ Chairman – Mr Trevor Trevor
b./ Vice-Chairman – Mr Edward Davies
c./ Treasurer – Mr Graeme Harkness

6./ Other Matters

There was some discussion involving questions and suggestions raised from the floor by IH & JP in particular. A lot of this concerned the latest development with regard to the non-renewal of the Centre Lease. No definitive answers were available. However in summary a./ The CIO would continue to run both the owned and leased outside sports facilities, at present using the current subcommittee structure. b./ The flexible CIO structure could then be used with regard to any future indoor or outdoor facilities that may become available or be developed. c./ PCC have stated that they intend to continue to offer the Community Centre to non-school users in future.

The meeting was closed at 8:20 pm.

Date of next AGM – TBC as the new CIO structure may not require one

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- MARCH 2026