Company No. 4668297 ( England & Wales) Charity Registration Number : 1106479 ## **CRICKHOWELL RESOURCE & INFORMATION CENTRE LIMITED** ( A Company Limited by Guarantee ) FINANCIAL STATEMENTS & REPORT FOR THE YEAR ENDED 31st DECEMBER 2024 ## **CRICKHOWELL RESOURCE & INFORMATION CENTRE LIMITED** The Directors present their report and accounts for the year ending 31[st] December 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Statndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 Januray 2015)' ## **CHARITY’S OBJECTS** The Charity’s main objects are to offer training in all matters relating to information technology to support charitable groups in furthering their objectives and to promote rural regeneration locally. ## **REVIEW OF DEVELOPMENTS DURING THE YEAR** CRiC's walking festival volunteer committee once again organised a programme of 80 walks at the beginning of March and although it turned out to be the wettest yet the programme of walks, talks and events was enjoyed as was the now popular TM5 (Table Mountain walk or run x 5). The festival's photographic competition continued to be popular with participants. The oriel cric gallery's programme of changing exhibitions continued throughout the year supporting local and emerging artists. The Open Studios event and the Open Art (OA) competition were highlights for visitors during the year, also bringing economic benefits to businesses across town. CRiC is grateful to its patrons for their financial contributions towards prizes for the OA competition. CRiC continued to support local producers and to seek out new for the retail area with the centre's sustainability becoming more and more dependent on these sales as well as the fees obtained from room hire. This income contribtues towards the organisation's provision of hub services, facilities and information to visitors and the local community. The website shop was regularly updated to reflect the range of the items offered within the centre and resulted in small online sales. Support for local businesses and community group members of CRiC continued with business pages on the visitcrickhowell.wales website, digital advertising and promotional support throughout the year. Friends of CRiC were invited to 2 exclusive preview events in the centre. The Crickhowell Volunteer Bureau vacated their ground floor office in CRiC to relocate to alternative office space and following a period of re-organisation and re-decoration, CRiC's staff team relocated to the ground floor and the first floor admin office was offered as workspace to rent. A new tenant moved into the first floor office in September. Thanks to Crickhowell Town Council's application to the Brilliant Basics fund CRiC benefited from new led energy saving lighting throughout. Solar panels were installed on the rear of the building and the town's public toilets which CRiC manage on behalf of the town council were fitted with water saving flushes and waterless urinals. Our ageing volunteer base and the lack of new volunteers with regular time to give mean that the organisation has barely enough volunteers to keep the centre open 10-5 on six days of the week CRiC supported the Brecon & District Mind charity during the year ## T **RUSTEES / DIRECTORS** The Trustee Directors who served throughout the year were as follows Andy Johns James Suter William Chase Austin Leirvik Lara Ellis Paul Sheffield ## **PRINICPAL ADVISORS** Bank - LLoyds Solictors - Gabb and Co Crickhowell Independent Examiner - Vaughan Bennett, Retired Accountant **CRICKHOWELL RESOURCE AND INFORMATION CENTRE STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) YEAR ENDED 31ST DECEMBER 2024** ## **Notes** |**INCOMING RESOURCES**
Donations and Gifts
2
Gift Aid Received on Donations
**ACTIVITIES IN FURTHERANCE OF**
**THE CHARITY'S OBJECTS**
Photocopying, Internet use , Office etc
3
**ACTIVITIES FOR GENERATING**
**FUNDS:**
Tourism
4
Room Lettings
Coffee Shop
Art Gallery Commissions
Public Toilets Service Agreement
Open Studios
Raffles
Other Project Income
Bank Interest
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
_Costs of generating funds_
Tourism
4
Coffee Shop
Open Studios
Other Project Expense
_Charitable expenditure_
Management and Administration
5
Movement in Funds
Balance as at 1st January 2024
Balance as at 31st December 2024
10|**2024**
**£**
20,731
992
3,129
100,232
19,153
5,339
35,834
22,943
5,304
1,818
7
969
£216,451
51,672
2,124
3,297
210
165,173
£222,476
(6,025)
75,396
£69,371|**2023**
**£**
20,446
4,472
2,931
98,574
21,663
5,424
36,178
20,305
5,842
0
3,296
1,296| |---|---|---| |||£220,427| |||51,896
1,348
4,294
3,296
166,438| |||£227,272| |||(6,845)
82,241| |||£75,396| The accompanying notes form part of these financial statements. All of the above results are derived from continuing operations. ## **CRICKHOWELL RESOURCE AND INFORMATION CENTRE BALANCE SHEET AS AT 31ST DECEMBER 2024** |**Notes**
**FIXED ASSETS**
7
**CURRENT ASSETS**
Debtors
8
Stock on hand ( Retail and Publications)
Cash at Bank and in Hand
Cash at Bank - Restricted Fund
**CREDITORS**: Amounts falling due within
one year
9
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
10
Deferred Income - Capital Grants
Donation - Restricted Fund|15,483
18,436
63,916
30,785|**2024**
£
609,962
100,155|11,233
16,775
77,702
32,231|**2023**
£
626,641
107,627| |---|---|---|---|---| ||128,620
28,465||137,941
30,314|| |||||| |||£710,117||£734,268| |||69,371
609,961
30,785||75,396
626,641
32,231| |||£710,117||£734,268| The notes on the following pages form part of these financial statements Approved by the Board of Directors on 8th April 2025 and signed on its behalf. By ## J Suter Chairman/Director ## **CRICKHOWELL RESOURCE & INFORMATION CENTRE LTD.** ## **NOTE TO THE FINANCIAL STATEMENTS FOR THE** ## **YEAR ENDED 31st DECEMBER 2024** ## **1. ACCOUNTING POLICIES** ## **Company Information** Crickhowell Resource & Information Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is CRIC Beaufort Street, Crickhowell, NP8 1BN. ## **1.1 Accounting convention** . These accounts have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland ' ('FRS102')., 'Accounting and Reporting by Charities' the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and Uk Generally Accepted Accounting Practice as it applies from 1 January 2015. The Charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in sterling which is the functional currency of the Charity. Monetary amounts in these accounts are rounded to the nearest £. The accounts have been prepared on the historic cost convention. The principal accounting policies are set out below. ## **1.2 Going Concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **1.3 Incoming resources** Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other related taxes. ## **1.4 Resources Expended** All expenditure is accounted for on an accruals 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 use of the resources. Support costs are those directly in support of expenditure on the Objects of the Charity. ## **1.5 Tangible Fixed Assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation. |Computer Equipment|33%|Straight line| |---|---|---| |Office Equipment|25%|Straight line| |Fixtures & Fittings|25%|Straight line| |Building|2%|Straight line| ## **1.6 Capital Grants** Capital grants are treated as deferred income and released to the Income& Expenditure Account over the useful life of the assets consistent with the depreciation policy. **CRICKHOWELL RESOURCE AND INFORMATION CENTRE NOTES TO THE ACCOUNTS ( continued )** |**2**
**DONATIONS and GIFTS**
**2024**
£
Capital grants Released
16,679
Small Donations
3,592
BB Grant
460
£20,731
**3**
**ACTIVITIES IN FURTHERANCE OF THE CHARITY'S OBJECTS**
Photocopying
1,724
Use of Computers
0
Digital Advertising
460
Work Done
392
Other
553
£3,129
**4**
**TOURISM**
**Income:-**
Grants / Service agreement
0
CBMT
3,875
Walking Festival
9,795
Sales - Publications & Retail
86,562
£100,232
**Expenses:-**
CBMT
0
Walking Festival
3,322
Publications & Retail
48,350
£51,672
**Net Profit - Tourism**
£48,560
**5**
**MANAGEMENT & ADMINISTRATION**
Staff costs - Note 6
95,268
Accountancy Fees
600
Photocopier Charges inc. lease
1,204
Lighting,heating & Water
9,586
Insurances
3,385
Telecommunications
1,704
Printing, Postage & Stationery
1,823
Repairs & maintenance
4,840
Toilet Cleaning , Utilities etc
22,283
Miscellaneous
85
Marketing & Promotion
1,471
Payroll Costs
468
Credit Card Charges
2,937
Professional Fees
717
Bank Charges
468
FTC Expenses
280
Depreciation
16,679
Donations paid
1,375
£165,173|**2023**
£
16,679
3,767
0| |---|---| ||£20,446| ||2,038
0
0
190
703| ||£2,931| ||0
3,940
12,165
82,469| ||£98,574| ||190
4,696
47,010| ||£51,896| ||£46,678| ||94,446
805
1,781
10,443
3,011
5,358
1,331
4,995
20,282
100
1,200
529
2,396
0
440
0
19,321
0| ||£166,438| ## **CRICKHOWELL RESOURCE AND INFORMATION CENTRE NOTES TO THE ACCOUNTS** |**6**
**STAFF COSTS**
Wages and Salaries
Pension Cost
Social Security Costs
Job retention Grant|**2024**
£
88,853
4,174
2,241
0
£95,268|**2023**
£
88,043
4,117
2,286
0| |---|---|---| |||£94,446| The average number of full-time equivalent employees (including casual and part-time staff) during the year was two. **7 TANGIBLE FIXED ASSETS** |**COST**
At 1st January 2024
Additions
Disposals
At 31st December 2024
**DEPRECIATION**
At 1st January 2024
Disposals
Charge for year
At 31st December 2024
**NET BOOK VALUE**
31st December 2024
31st December 2023
**8**
**DEBTORS**
Trade Debtor
Prepayments
**9**
**CREDITORS: Amounts falling due within 1 year**
Trade Creditors
Grants held over
VAT Payable
Accruals and sundry Creditors
**10**
**STATEMENT OF FUNDS**
At 1st January 2024
Income
Expenditure
At 31st December 2024|**Leasehold**
**Construction**
**Land**
**Costs**
80,000
833,937
0
0|**Office**
**Total**
**Equipment**
66,124
980,061
0
0
0| |---|---|---| ||£80,000
£833,937|£66,124
£980,061| ||0
287,296
0
16,679|66,124
353,420
0
0
16,679| ||£0
£303,975|£66,124
£370,099| ||**£80,000**
**£529,962**|**£0**
**£609,962**| ||£80,000
£546,641|£0
£626,641| ||**2024**
4,546
10,937
£15,483
3,346
500
5,746
18,873
£28,465
**Unrestricted**
**Funds**
75,396
216,451
(222,476)
£69,371|**2023**
4,281
6,952
£11,233
3,702
500
6,034
20,078
£30,314
**Unrestricted**
**Funds**
82,241
220,427
(227,272)
£75,396| The Unrestricted Fund represents free funds of the Charity which are not designated for particular purposes. ## CRICKHOWELL RESOURCE & INFORMATION CENTRE ## Reserves Policy The Trustees have formulated a reserves policy which ensures : The ability to provide a fund for unplanned / urgent capital expenditure and major revenue repairs to the building and also to provide a buffer in the event of losing major funding streams enabling the business to continue operating whilst alternatives sources of income are developed. Based on a risk analysis of income streams the Trustees have formulated a target level of reserves at approximately £54,000 . Reserves being defined as total accumulated reserves less that represented by fixed assets and any restricted funds ( funds provided by donation that have been ringfenced for specific projects ) At the end of 2024 the Trustees report adjusted reserves at just over £50,000 and just above the target level. The Trustees continue to monitor Reserves policy and levels on a regular basis. ## **REPORT TO THE TRUSTEES/DIRECTORS OF** ## **Crickhowell Resource & Information Centre** ## **Charity No: 1106479 Company No: 4668297** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024 ## **Responsibilities and basis of report** As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”) Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 ACT”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that: - accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - the accounts do not accord with such records; or - the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or - the accounts have not been prepared in accordance with the Charities SORP (FRS 102). 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. Vaughan I Bennett, Accountant Crickhowell, POWYS Dated: 27th April 2025