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2024-03-31-accounts

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

TRUSTEE'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

Eliezer Limited

Bryn Bedw, Llanybydder, Carmarthenshire, SA40 9QZ Tel: 01570 481570 Fax: 01570 481570

email: eliezer_ltd@btinternet.com

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

FOR THE YEAR ENDED 31st MARCH 2024

CONTENTS

Page
Legal and Administrative Information 1
Examiners Report 2
Report of the Trustees 3 & 4
Balance Sheet 5
Income and Expenditure Statement 6
Analysis of Movement of Funds 7
Notes to the Accounts 8 - 12

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

FOR THE YEAR ENDED 31st MARCH 2024

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Number: 1092027 Chairperson: Emma Price Vice Chair: Ruth Lewis Treasurer: Fioled Jones Trustees: Christine Harrison Secretary: Mary Thomason Registered Office: Yr Hen Gapel Pencader Carmarthenshire SA39 9BP Accountants: Eliezer Limited Bryn Bedw Llanybydder Carmarthenshire SA40 9QZ Bankers: Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT

Page 1

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

FOR THE YEAR ENDED 31st MARCH 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

We report on the financial statements which are set out on pages 5 to 10.

Respective responsibilities of the Trustees and the Examiner

The Charity's Trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993, as amended by section 28 of the Charities Act 2006) and that an Independent Examination is needed.

It is our responsibility to:

Basis of the Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

…Eliezer Limited………… Eliezer Limited Bryn Bedw Llanybydder Carmarthenshire SA40 9QZ

Dated:..….

Page 2

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

FOR THE YEAR ENDED 31st MARCH 2024

REPORT OF THE TRUSTEES

The Trustees present their Report with the Financial Statements of the Charity for the year ended 31st March 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charity's trust deed, applicable law, and the requirements of the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in 2005.

Principle activities and objectives of the Charity

The object of the Charity is the provision of a family centre for children aged 0 - 11 years olde and their families families. The centre provides stimulating play for the children and resources and advice for parents.

Organisation

A board of Trustees administers the Charity.

Risk Policy

The Trustees have examined the major strategic, business, and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Development, activities, and achievements

Pencader Family Centre is now in its twenty second year and continues to thrive in the local community where it provides a safe stimulating environment for families.

Our thanks to our staff for their consistent hard work,

Financial Review

The statement of financial activities shows:

Net Income
Net Expenditure
Surplus/(Deficit) for the year		 2024
76,738
51,874
24,864		 2023
23,658
60,586
(36,928)

Plans for the Future

The continued provision of family services, and to expand and develop our services allowing us to give help and support to the wider community.

Page 3

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

FOR THE YEAR ENDED 31st MARCH 2024

REPORT OF THE TRUSTEES (Continued)

Accounting and Reporting responsibilities

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its financial position at the end of that year. In preparing those financial statements the Trustees are required to:

select suitable accounting policies and apply them consistently

make judgements and estimates that are reasonable and prudent

state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements

and

prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in existence.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 27/11/2024 And signed on their behalf by:

…E Price…….

Trustee

Page 4

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

BALANCE SHEET AS AT 31st MARCH 2024

Note
Fixed Assets
Equipment
2
Current Assets
Bank Account & Petty cash
Current Liabilities
Amounts falling due within 1 year
3
Net Current Assets
Total Net Assets
Capital Funds
Restricted funds
Unrestricted funds
Total Funds
5		 £
£
0
55,269
325
54,944
54,944
45,163
10,431
55,594
2024		 £
£
0
31,055
325
30,730
30,730
20,127
10,603
30,730
2023

Approved by the Trustees on 27/11/24 And signed on their behalf by:

…E Price…..

Trustee

Page 5

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2024

Note
Income
Voluntary Income
Activities for generating Income
Total Income
Resources Expended
Cost of generating funds
Charitable activities
Governance Costs
Total Expenditure
Net Movement in Funds
Total Funds brought forward
Transfer of funds
Total Funds carried forward		 Unrestricted Restricted Total Funds
Funds
Funds
2024
£
£
£
82
76,364
76,446
292
0
292
374
76,364
76,738
556
0
556
0
47,796
47,796
0
3,522
3,522
556
51,318
51,874
(182)
25,046
24,864
10,613
20,117
30,730
0
0
0
10,431
45,163
55,594		 Total Funds
2023
£
23,065
593
23,658
556
56,758
3,272
60,586
(36,928)
67,658
0
30,730

Page 6

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

ANALYSIS OF MOVEMENTS IN FUNDS FOR THE YEAR ENDED 31st MARCH 2024

General Fund
Balance brought forward
(Deficit)/Surplus for the year
Transfer of funds
Restricted Funds
Balance brought forward
Incoming Resources
Resources Expended
Transfer of funds
Total Funds at 31st March		 £
£
10,613
104
0
10,717
20,117
76,364
(51,604)
0
44,877
55,594
2024		 £
£
10,433
180
0
10,613
57,225
22,932
(60,040)
0
20,117
30,730
2023

Page 7

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

NOTE TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

1 Accounting policies

The financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) issued in March 2005, applicable UK Accounting Standards and the Charities Act 1993.

Income

All income is included in Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Expenditure

All expenditure is accounted for on an accrual 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 the resources.

Depreciation

Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Premises costs - not depreciated

Fixtures and Equipment - 15% per annum

Grants Received

Grants related to Capital Expenditure on tangible assets are credited to the Statement of Financial activities at the same rate as the depreciation on the assets to which the grants relate.

Page 8

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

NOTE TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

2 Tangible fixed assets

Costs:
As at 1st April 2023
Additions
As at 31st March 2024
Depreciation:
As at 1st April 2023
Charge for year
As at 31st March 2024
Net book value as at 31st March 2024
Net book value as at 31st March 2023
Creditors
Amounts falling due within one year:
Accruals		 Premises
Costs
£
0
0
0
0
0
0
0		 Fixtures &
Equipment
£
3,028
0
3,028
3,028
0
3,028
0
0
.
2024
£
325		 Total
£
3,028
0
3,028
3,028
0
3,028
0
0
2023
£
325

3 Creditors

4 Trustees and Staff Costs

Trustees

Trustees do not receive any remuneration for their services, nor have any travel expenses been claimed or paid.

Staff

The average number of staff employed during the year was 3.

Page 9

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

NOTE TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

5 Total Funds

Unrestricted Funds
General Reserves
Restricted Funds
Awards for All
CFW Dr Dewi Davies Fund
Families First
Tesco
Garfield Western
Trusthouse
Foyles
Brechfa Wind Farm 2023-24
Enterprise
Postcode Lottery
Statkraft		 Balance
B/f
10,613
10,613
14
5,383
5
0
1,467
0
0
6,806
718
5,706
18
20,117
30,730		 Income
374
374
4,500
1,000
15,000
5,000
31,864
0
18,500
500
76,364
76,738		 Expenditure
(556)
(556)
(6,023)
(3,333)
(286)
(1,280)
(32,080)
(410)
(7,406)
(500)
(51,318)
(51,874)		 Transfers
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Balance
C/f
10,431
10,431
14
(640)
1,172
714
187
15,000
5,000
6,590
308
16,800
18
45,163
55,594

Page10

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

NOTE TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

Incoming Resources

Voluntary Income
Families First Grant
Foyles
Trusthouse
CFW Dr Dewi Davies Fund
Statkraft
Tesco
Brechfa Wind Farm Fund 2023-24
Postcode Lottery
Activities for generating funds
Operating Activities
Donations
Total Incoming Resources		 2024
4,500
5,000
15,000
0
500
1,000
31,864
18,500
292
82		 2024
76,364
374
76,738		 2023
2,000
0
0
5,000
0
0
15,932
0
22,932
593
133
726
23,658

Page11

CANOLFAN DEULUOL PENCADER FAMILY CENTRE

NOTE TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

Expenditure

Salaries & wages (including NI Costs)
Training costs
Expenses
Rent & Rates
Heat & Light
Maintenance Costs
Vehicle Costs
Furniture & Equipment
Events
IT, Printing, postage & stationery
Subscriptions/CRB Checks
Telephone costs
Insurance
Cost of generating Funds
Governance costs
Accountancy fees
Payroll costs
Consultancy
Surplus/(Deficit)		 2024
38,103
0
73
3,358
1,918
263
0
176
370
94
95
566
2,805
531
325
350
2,847		 2024
48,352
3,522
24,864		 2023
45,213
0
104
2,937
1,878
408
0
2,004
868
133
0
497
2,716
556
57,314
325
350
2,597
3,272
(36,928)

Page 12