THE WESTEI¥DERS TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 THE WESTENDERS I1￿￿x TO THE FINANCIAL STATEMENTS for the year ended 31 May 2024 Page Reference and administrative inforniation Report of the Trustees Report of the Independent Examiner Receipls and payments account Statement of assets and liabilities THE WESTENDERS REFERENCE AND ADMINISTRATIVE INFORMATIOIY Trustees: Chair Mike Charles Vice Chair Steve Bradshaw Secretary Michelle Davies Treasurer Paul Ashton Other Trustees Diana Altmeyer Tina Barker Dean Cole Brian Newman Paul Bowen Angela Williams Brydie Dickinson-jones Kate Dickinson-Jones Julie Jones Roger Smith (appointed 2315123) Joan Manley (appointed 23/5123) Robin Thompson (appointed 2315123) Honorary President Angela M J Williams Viee Presidents: Gaynor Barker Eirlys Cole Paul Cole Clifford I Joseph Brian Ne￿rynall Gerwyn Rees Joy Waghorn Honorary Members: Christine Evans Owen Williams Address of the Trustees: 16 Camden Crescent Brecon Powys LD3 9DR THE WESTENDERS REFERENCE AND ADMINISTRATIVE INFORMATION (Continued) Registered charity number: 1082950 Independent Examiner: Mr N J Morrell B.Com., FCA Bishop House 10 Wheat Street Brecon P0￿yS LD3 7DG Bankers: HSBC Bank PIC 127-128 High Street Merthyr Tydfil Mid Glamorgan CF47 8DN National Westminster Bank PIC 27 High Street Brecon P0￿S LD3 7LF THE WESTENDERS REPORT OF THE TRUSTEES for the year ended 31 May 2024 Legal and administrative details The Westenders charity (number 1082950) was registered with the Charity Commission on 19 October 2000, and is governed by its Constitution which was adopted on 6 July 1998 and amended on 19 September 2000. The chariiy's obj¢Ltive is to promote for the benefit of the inhabitants of Brecon and the neighbourhood thereof, without distinction of sex, sexual Orientatio￿ race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities. voluntary and other organisations in a common effort to advance education and to providc facilities in the interests of social welfare for recrcation and other leisure-time occupations with the object of improving the conditions of life for the said inhabitants. And to establish or secure the establishment of a Community Centre and to manage and maintain the same in the furtherance of the above objectives. Adivities and achievements In line with the constitution's objectives the charity n]ns a community centre known as 'The Westenders Hall" which is hired out to various local groups. The charity also raises funds with an annual pantomime as well as other theatrical productions. The trustees have built up cash reserves with a view to having sutTicient funds to meet at least 24 months operating expenditure for the hall. The charity has set aside funds to meet present and fijture building and renovation works of the hall, these reserve funds are invested with Nat West and HSBC banks. The charity continues to be on a voluntary basis; without the contribution of the volunteers the effective running of the chaTity would not be possible. Damage to the hall has greatly impacted lettings, after extensive repairs to the hall in the summer, lettings have not yet recovered. Energy costs have risen dramatically, unfortunately energy contracts for the hall expired and needed to be renewed while energy prices were higty also drying out the hall has consumed more energy than usual, in addition insurance costs have also risen. On a positive note, Autumn saw the successful production of "Dirty Ilabits 2" once again at Brecon Guildhall. The Westenders, 75 annivcrsary pantomime "Cinderella" was staged in January 2024 at Theatr Brychieniog to rccord audiences. The incoTne from "Dity Habits 2" was £6,389.21 and income from "Cinderella" including subs, clothing sales and merchandise was £49,441.78 making a total from both shows of £55.170.96. Taking into account the £12,600 deposit paid for Cinderella's coach hire on 18 May 2023 (which is not in thi8 financial year) total expenditure for both shows was £37,176.91. giving a profit on both productions of £17.994.05, assuming all merchandise was sold. However, income for the financial year, minus our overall expenditure during the financial year (£57,173.21- £46,617.00) gave an operating surplus of £10,556.21. THE WESTENDERS Independent Examiner's report to the Trustees of The Westenders I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31 May 2024 which are set out on pages 5 to 6. Responsibilities Ydnd basis of report As the charity trustees of the Trusl you are rcsponsible for the preparation of thc accounts in accordance with thc requirements of the Charities Act 2011 ('ttbe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and, in carrying out my examination, E have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect: accounting records were not kwt in accordancc with Kction 130 of the Act. or the accounts do not accord with the accounting records. I have no concerns, and have come across no other matters, in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date:...... I.I.Ol51 &DXIt.............. N J MO￿11 B.Com., FCA Bishop House l O Wheat Street Brecon Powys LD3 7DG THE WESTENDERS RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31 May 2024 Unrestricted Funds 2024 Total 2023 Receipts Membership fees Operating activities to further charity's objects Hire of hall and costumes Investment income Grant Donations 660 55,519 310 3.080 662 34,264 1,350 1,072 500 685 Total Receipts 60,254 37,848 Payments Cost of fund raising Running costs of hall Insurance DBS Checks and course fee Bank charges Miscellaneous costs Hall development costs 24,577 13,672 2,865 330 62 179 4,932 25,087 3,078 2,558 253 64 35 712 Total Payments 46,617 31,787 Net receipts 13,637 6,061 Cash funds at 31 May 2023 122,302 I 16,241 Cash funds at 31 May 2024 135,939 122,302 THE WESTENDERS STATEMENT OF ASSETS AJryD LIABILITIES at31 May 2024 Unrestricted Funds 2024 Total 2023 General Cash Funds HSBC Community Account 1,953 (405) Building Casb fullds HSBC Community Savings Account NatWe8t Current Account Nalwest Liquidity Managcr Account 46,181 3,079 84,726 39,903 629 82,175 133,986 122,707 Totsl cash funds 135,939 122,302 Assets retained for the charity's oivn use Propety - Community Centre, Newmarch Street, Brecon 2,500 2,500 138,439 124,802 Approved by the Board of Trustees on and signed on its behalf: ..2.oIc)d2L52 Mr Mike Charles Date