REGISTERED CHARITY1¥4UMBER: 1081441 REPORT OF THE TRUSTEES AND UNAUDITED FINANCTAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR TRIMSARAN FORUM / PENTREF TRIMSARAN Clay Shaw Butler 24 IAMDW Strt SA313AL
TRIMSARAN FORUM I PENTREF TIUMSARAN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustee8 Tnd¢peDdent Examlllerl8 Report Statement of FIMAnelal Aetlvid Bilanee Sheet Notes to the Flnand•l Stitements
TRIMSARAYL FORUM / PENTREF TRIMSARAN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their ryort with the financial ststements of the charity for the year ended 31 March 2024. The tru8t¢es have adopted the provisions of Accounting and Reporting by Cherities: Statemenl of RenIrnended Practice applicable to charitics preparing their accounts in accordance with the Financiat Rq)orting Standard applicable in the UK and Repub]ic of Ireland (FRS 102) (effective l January 2019). The trustees confirni that they have con¥lied with their duty under section 17(5) of thc Charities Act 2011 to have due regard to public benefit guidance published by the Charity ConJmi88ion. Significant activities that weTr undertaken during the year demonstrate publiG bcn¢fit and are 8et out in the following pages. OBJECTIVKS AND AcfIviTIES ObJeetlv¢i and almi The objects" of the cljarity are to adva¢ education and provide facilities An the intere8ts of s17 welfare for recreation and leisure tiDK occupation, to benefit the residents of TrinL8rn and the surrounding neighbourhoods. The ForLlln is to maintain and Malge a Coti]nty Centre in fiwtherance of the8e objects. Voluntse Tell volunteeTh have assistoa at the Charity during the year. ACHIEVEMEP4T AND PERFORMANCE Charltable A¢lfjvltles The trustees are please to report that tbis year ha8 seen a return to pre covid levels of engag¢menL with additiojjal group8 usin8 the faGilitie4 some of which are free for attendees. The centre is a community hub, facilitsting fd wide range of facilities and services e8 8POrts hall, function roo conrrity café, Doctorfs wery. Ulcer clinic, community Family ¢entre, ond free wifi and a pubJiG acce8S computer to name a few. There have been challeD8es with significath inrn8ed costs in utilities and 8taffin8. We have reviewed utilitie8 aad have Worfd to reduce and repury)08e sports knll lightins to LED to reduce these costs. We are 8rntefid for help from Williams Browthill for their contributi(n to this cost. The cost of living cri81¥ has impa¢ted on our Cornm1ty, we have low coht and no cost events along with the café being led as a warni hub to help alleviate this. We also pmvided a meals on 8ervices to a number of elderly r¢8idents through this year. Working WAth the community council a nndti use gamcs rn was completed,. This is free to use and is a fantastic resoUe for the community. Special thanks to Asda foundation for their support. T])Ènks a180 to The National Lottery awards for all for their continued 8UPPOrt in funding a numb of project8. The centre has ambitious plans going forward to restore the old miners hall to be able to PTovide additional for FThANC REEw FIDAnclal poBItAoD At 31 MarGh 2024 thc Chwity had total funds of £766,211 of which £496,817 were restricted and £269,394 were unrestri¢t¢d. Th¢rc were free reservds of fA6.665. Reserves polley It is the policy of the charity to maintsin unrestriGtsd free reserves of the charity. at a level that equate8 to approximately six months unrcstrACted expenditure. This provides sufficient fimth to cover managemen¢ administration and SUprt costs. Unrestricted flu& fell below this level during the year. however the Intee8 con8ider that the charity 1$ f4 going concem with the ongoing support of Trin)srn Con]murrity CounciL STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The chwity 18 controlled by its govern doCunnI a deed of trust and constitutes an unincoor8ted charity. Pagc I
TRIMSARAN FORUM I PENTREF TRIMSARAN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTUR& GOVERNANCE AND MANAGEMENT ReerultD)enl aDd v4ppointment of neiv trustees Trusttts are elwted by trustees. Word of mouth reffliitment is prefeffed and involvement with the organi88tions activities for a minimum of six nthS prior to fonnal election is also preferred. Two refuence8 are requirt one from a previou8 employer and anot1 as a character referw¢. The Governing I)ocument and the Cbarlty Commission booklet on bOrning a truslee llre made available for consultstion. A forn1 invitstion to become a Trustee is made at a Trus*e8 meeting, and election takes place on accept. REFERENCE AND ADMINISTRATIVE DETAtLS Reglstered Charlty number 1081441 PrlDelpal addre Canolfan Plas y Sarn Heol Llanelli Kidwelly SA17 4AA Truit¢e• Miss B Jones Mrs C M Lloyd-Jenkins Mr6 B Walters Dr K Broom A M Davie8 (appointed 22.9.23) M5 N J Wilmot (appointed 22.9.23) Independent Examlner Clay Sbaw Buder 24 Lammas Street Carmartbenshire SA313AL Approved by order of the board of trn8tee8 on ......... and sAd on its behf by.. Dr K Br(. TTrte¢ Page 2
INDEPEIYDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRIMSARAN FORUM / PENTREF TRIMSARAN IndependeDt examlner'8 report to tbe trustees of Trlnllaran Fornm I Pentref Trimsaran I Teport to the charity trnstees on my examination of the accounts of Trimsaran Fonull I Pcntrcf TrinLsaran (the Trnst) for tbe year ended 31 March 2024. ResponslbllllAe8 and ba¥18 of report As the charity trus*es of the Trust you are reBponsibJe for the preparation of the accounts in accordallcc with the requirements of the Charitie8 Act 2011 Ctbe knt,). I report in respect of my examination of the Trnsvs accounts carried out under Section 145 of the Act and in carrylng out my exaMition I have followed all applicable Directions giv¢n by th¢ Charity con]n$10n under Section l45(5)(b) of the ACL Independent eXAntr,8 8tatemeDt I have completed my examition. I CODfirni that no material matters have Come to my attention in ¢onnKtion with the exainination giving me ciuse to bejieve that in any n)aterAal respett.. accounting recoriL% w¢r¢ not kcpt in rcspect of the TTht 88 re41r by Section 130 of the Act; or the account¥ do not aOrd with th08e records; or the accounts do not comply with the applicable requirem8 conc£rning the forn) and content of accounts set out in the ChaTiti¢s (Accounts and Reports) Regulations 2008 other than any requirement that th¢ arwunts give a true and fair view which is no¢ a matter considered a8 part of an independent examination. I have no concerns and hfive come acros8 no other matters in connection WAth the examination to which attention sId be drawn in this report in order to enable a proper understanding of the acoounts to be reached. Mark Jone8 Bsc FCA Clay Shaw Butler 24 Lamllw Street SA313AL Page 3
TRIMSARAN FORUM / PENTREF TRIMSARAN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total Unrtstrictcd Restricted Notes INCOME AND ENDOWMENTS FROM Donatiow and legacies 35.626 14.627 50,253 69,371 Charltsble aellvltle$ 55.611 55,611 38,639 Other trading activities Investment income Other income 78,870 681 20 78,870 681 20 71,710 93 Totsi 170,808 14,627 185,435 179,813 EXPENDITURE ON Raising fund8 72.378 72J78 88,977 Charltable actlvlde8 Ixisure Centre 109,536 49,555 159.091 83230 Total 181,914 49,555 231,469 172207 IYET ll¥COMEI(EXPEF4DITURE) TrAn8fer8 between fundi (11,106) 3,051 (34,928) (3,051) (46,034) 7,606 13 Net movement ID fvndi (8,055) (37,979) (46,034) 7,606 RECONCIUATION OF FUNDS Totsl fiJnd8 brought fonvard 278,896 533,349 812245 804.639 TOTAL FUNDS CARRIED FORWARD 270,841 495,370 766.211 812,245 The notss forni part of these financial Statements Page 4
TRIMSARAN FORUM / PENTREF TRIMSARAN BALANCE SHEET 31 MARCH 2024 31.3.24 Total 31.3.23 Total fimds Unre8trRCted funds RestrACted funds FJXED ASSETS Tangibl¢ as8¢ts 222,729 485.355 708,084 732,075 CURRENT ASSETS Stocks DebtOT5 Cash at bank and in hand 10 11 1,047 1.673 52,594 1,047 1.673 62,609 I,(M)o 586 84,655 10,015 55,314 10,015 65.329 86241 CREDITORS Amounts falling due within one year 12 (7202) (7,202) (6,071) NET CURRENT ASSETS 48,112 10,013 58,127 80,170 TOTAL ASSETS LESS CURREIYT LIABILITIES 270,841 495.370 766211 812,245 NET ASSETS 270,841 495,370 766,211 812245 13 Unrejtricted fund8 Re8trACted funds 270,841 495J70 278,896 533,349 TOTAL FUNDS 766211 812,245 The financial ststements were approv&a by the Board of TnLqtees and authorA8ed for i88ue . and We signed on its behalf by.. Dr K Broom . TnL8tee The llotes forni part of these financial statements Page 5
TRIMSARAN FORUM / PENTREF TRIMSARAN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity, which is a public benefit entity under FRS 102. bave been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of ReConended Practice 4)plicable to charities preparing their accOuS in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irejand, and thc Charities Act 2011. The financial ststenMIts bave been prepared under the historical cost conventio The trustees nsider that the chlty 18 a going concern with the ongoing Support of Trim8aran Conllnurrity Council. llYCOME All in¢ott is reco8ni8ed in the Ststement ot binanciat Acts'vitses once the charity ha8 entidement to the fimd8, it is probable that the income WAll be received and the amount Gan bc measured reliably. ExPENDURE Liabilities att reLognised as expenditure a8 800n a8 there is a legal oi consiructive obligation cornrnittin8 the c]lty to that expenditure. it 18 probable that a transfer of economic benefits will be required in Bettlement and the amowit of the obligation can be measurnl reliably. Expendituro is arcounted for on an accruals basis and has been classified under headings that a8gre8ats all cost related to the category. Wher¢ oosts Gaonot be directly attributed to particular headings they have been allocated to activities on a ba818 con8iStent with the use of Grants offered 8ubiect to Conditions wlll'ch have not been at the year end date are noted as a commitment but not ac¢nd as expenditurn. TANGIBLE FIXED ASSETS Depreciation is provided at the following an1 r8t¢8 in ord¢r to wri* off each as8¢t over its estinted usefi lif Freehold propety Plant and macbinery -2% on cogt -25% on ¢ost STOCKS Stock8 are vdued at the lower of ¢08t and net realisfvble value, after njaking due allowance for obsolete and slow moving items. TAXATtON The charity is exempt from on its charitsble activities. FUND ACCOUNTllYG Unrestricted fimds call be used in 8rdance vrith the charitable objectives at the di8cr¢tion of the trustees. Restricted fimds can only be u8ed for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or wllen funds are raised for p8rtscular re8tri¢ted purposes. PENSION COSTS AND OTHER POST-RETIREMENT BENEFTTS The charity operates a defined contribution pension scheme. Contributions payable to the cl)aritg8 pension Schen are charged to the Statement of Financial Activities in the period to wbieh tlry Telate. Page 6
TRIMSARAN FORUM / PENTREF TRIMSARAN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 FutidraisAng events Gorden and black bags Gymnasium subscriptions Food & drink sale8 . Cafe Beca Sunbed PhotOCOPyiDg incon 2,898 1.198 3.005 72,076 643 248 3,697 65.983 668 162 78,870 71,710 INVFSTMENT INCOME 31.3.24 31.3.23 Deposit account int¢r¢st 681 93 CHARITABLE ACTIvrrIES COSTS Support Costs (see note 5) Direct C06ts fimding of activities Total8 130,018 25,000 4,073 159,091 SUPPORT COSTS Governance Leisure Centre 4,073 TRUSTEK8' REMUNERATION AND BENEFrrs Th¢ were no tsustee8' mnuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES, EXPENSES Ther¢ w¢r¢ no tru8t¢e8' expens¢s paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 7 continued...
TRIMSARAN FORUM / PENTREF TRIMSARAN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS 31.3.24 31.3.23 Wages and salaries othcr pU10ll Gosts 82.068 1.052 71,855 1.091 83,120 72.946 Th¢ totsl employee benefits (including gross 8alary> employer national insurance contributions and employer pension contrlbutions) of the key management peTSODnel of the Charity were £25,075. The avcragc monthly number of employee8 during the year was &8 follows: 31.3.24 31.3.23 Lei8ur¢ Centre Staff No employees received emoluments in ex¢e8s of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restri¢tsd Total INCOME AIYD ENDOWMENTS FROM I)onations and legacies 39,462 29,909 69,371 Charltable actIlIe9 38,639 38.639 Other troding activities Investment iticon 71,710 93 71,710 93 Totsl 149.904 29909 179,813 EXPENDTfuRE ON Raising funds 88,977 88,977 Charltable a¢llvltle8 60,958 22,272 83.230 Totsl 149.935 22.272 172207 NET INCOMFJ(ExPENDURE) Transfers behveen funds (31) 644 7,637 (644) 7,606 Iyet movement in fundj 613 6,993 7,606 RECOIIICILIATIOFI OF FUNDS Totsl fiuKls brought forward 278.283 526.356 804,639 Page 8
TIUMSARAN FORUM / PENTREF TRIMSARAN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES . eontinued Unrestricted Reslricted Total TOTAL FUNDS CARRIED FORWARD 278,896 533,349 812245 TANGIBLE FIXED ASSETS Freehold propety Plant and Totsls COST At l April 2023 Dispos8 1,100,323 129,516 (7.388) 1,229,839 (7,388) At 31 March 2024 1.100.323 122.128 1,222,451 DEPRECIATION At l April 2023 ChaT8e for year Eliminated on disposal 373.587 22,006 124,177 1,834 (7.237) 497,764 23,840 (7,237) At 31 March 2024 395,393 118.774 514,367 NET BOOK VALUE At 31 Ma 2024 704,730 3.354 708,084 At 31 March 2023 726.736 5,339 732,075 An assessment of the valu¢ of the freehold propety bas been und¢rtakn by the Trnstees, and it ig their view that th¢ n¢t re1¥able value 18 ater than the net book value. 10. STOCKS 31.3.24 31.3.23 Stocks 1,047 1,000 ii. DEBTORS: Amou[s FALLllYG DUE wrriiIN ONE YEAR 31.3.24 31.3.23 Trade debtors 957 716 64 522 1.673 586 Page 9
TRIMSARAN FORUM / PENTREF TRIMSARAN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. CREDITORS: AMOUNTS FALLINGDUE WITHIIY OIYE YEAR 31.3.24 31.3.23 Trade Creditors Social Security atul other tsxes 1,109 1.515 I,089 lJ92 91 3,499 Accrued expcnses 4,577 7.202 6,071 13. MOVEMEiYT IN FUNDS N¢t DveM¢llt in fimds between At 31.324 At 1.4.23 Unre8trlcted fund 278,896 {11,106) 3,051 270,841 Restrleted fundi Propety fund Connecting the Eeneralions fid Lottery. Awards for All fimd Lottery- Luncheon & Youth Club Asda Foundation - Investing in Spaces and Places Grant ttery- T[Imw Youth Club Pje¢l Fund Swansea Bay grant 502.598 2.504 (17,243) (900) 1245 485,355 (1.604) 1,245 1,447 (1,447) 20,(MIO (20,000) 6,800 (2,563) 4,533 4237 4,533 533,349 (34,928) (3,051) 495,370 TOTAL FUNDS 812245 (46,034) 766,211 Page 10
TRIMSARAN FORUM / PENTREF TRIMSARAN NOTES TO WHE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued Net movement ID funds. included in the above are as follows: Incoming Resources Movement Unrestrlcted fund8 General fillKI 170,808 (181,914) (11,106) Restrleted fundB Property fund Connecting the 8eneratioDS fund Lotttty. Awards for All fund Asda Foundation- Investing in Spaces and Places Grant Lottery- Trimsaran Youth Club Project Fund Swattsea Bay grant Williams Brown Hill (17.243} (9¢J)) (2,448) (17243) (900) 1,245 3.693 5,000 (25,000) (20.000) (2.563) (401) {1,0} (2J63) 4.533 4,934 i.(H)O 14,627 (49.555) (34,928) TOTAL FUNDS 185,435 (231,469) (46,034) Comparadves for movement ID fun Net movement in fimd8 Trmsfers between At 31.3.23 At 1.4.22 Unrestrleted fund General fund 278283 (31) 644 278,896 ReBtrAtted fuDd8 Propety fund 519.841 3.492 343 78 2.602 (17243) (988) 502.598 2,504 LL)ttery- Avrnrd8 for All fund CAVS - Games & Gardening project ttery- Luncheon & Youth Club A8da Foundation - Inve8ting in Spaces and Places Grant Ixfvttery- Trimsrn Youth Club Project Fund IL)ttery. Queen'8 Platinum Jubilee Celebration8 (343) 221 (345) (299) (810) 1.447 20,000 20,000 6,80CI 6,800 177 (177) 526.356 7,637 (644) 533349 TOTAL FUNDS 804,639 7,606 812245 Page 11 continued..
TRIMSARAN FORUM I PENTREF TRIMSARAN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - eonthilled Conwarative net movement in fid& included in the above as follows: Incornin8 Resources Movement expended iti fill UDrestrlcted fundi 149,904 (149,935) (31) Reltrleted fund• Propety fund Comjecting the 8enerntion8 fimd CAVS - Games & Gardening projecl L£)ttery. L4llth & Youth Club Asda Foundation. Investing in Spaces and Places Grallt IL)ttery. TrInaran Youth Club Proj (17,243) (988) (299) (810) (17243) (988) (299) (810) 20,000 20.000 6,800 6,800 Lottery- Queen's Platinum Jubilee Celebration8 Iaith Gwaith (2.467) (465) 177 465 29,909 (22,272) 7,637 TOTAL FUNDS 179,813 (172.207) 7,606 Prop¢ty fund - This consists of restricted inrorne u8¢d to bw'ld the hall. Th¢ balancc mfiects th¢ n¢t book value of freehold propety at 31 March 2023 excludin8 capitsj costs incwjrd on the extension. A restriction still exist on thi8 asset. Connecting the Generations Ilmd - Tl)is ¢on8i8ts of income re¢eived from We8t Wale8 Care Paerthp - West Wales in Kind- Investment fund. Lottery Amrds for All fimd - This ¢onsi8t8 of funding from the Natio to pmvide events for children and families. CAVS . This ¢onsists of fiu]ding from Carnmrthenshire A&8ociation of Voluntary Services from The Cannarthenshire Connected Communitie8 Fund which ha8 been funded by the Welsh GoVernttnt to support l(Kal orgaaisations and individuals across CarnJarthensbl in tsckling lone]iness and social isolatioD, building Lottery - Lh¢O11 & Youth Club funding . Thi8 ¢OJ18ists of fimding from the National Lottery to assist with providing meals on wheels and Youth Club activities for people in the local area and enabling the interaction between the two. Asda Foundation. Inv¢8ting in spa and Pl Grant fund. This Gon8ists of funding from A8da Foundation to create an all weather outdoor play area. inttery . Trinjsrn Youth Club Project FuThd . This consists of fimding from the National Community Fund towards the Staff Costs and activity costs of the youth club. Swansea Bay. This consists of fimding received from the Swansea Bay Foundation to support the Youth Club. Page 12 continued...
TIUMSARAN FORUM / PENTREF TRIMSARAN NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS . conthiued TRANSFERS BITWEEN FUNDS Transfer8 were made from the following funds to the general fimd in tespect of fund und¢rspends/(overspends): Cormecting the generntAoll8 fund 1,604 1,604 14. RELATED PARTY DISCLOSURES Trim8aran Community Council is a related party due to common control. During the year, Trlmsaran cOnllty Council donated £33,280 (2023: £36.718) to the charity. There were no conditionB attathed to the8e donation8. ULTIMATE CONTIiOLLING PARTY 15. Ultimate control 18 exercised by the Board of Tn. Page 13