AZETS Column House London Road Shrewsbury Shropshire SY2 6NN T.. +441011743 273 999 azets.co.uk strlctly Prlvate and Confidentlal Cefn Mawr Rhosymedre & Newbridge Community Association Llmi The Old Canteen Activity Centre Plas Kynaston Lane Cefn Mawr Wrexham LL14 3AT Our refr. TG53441124fJ)965 18 December 2023 Dear Directors Cefn Mawr Rhos rnedre & Newbrid e Communl Assoclatlon Ltd Further to your diKu55ions with Ingrld, l enc105e the finalised accounts for the company for the year ended 31" March 2023. The accounts are in the statutory format and I would be grateful If Kris could please sign the Trustees. Report and the Balance Sheet on the accounts. Please email me the accounts back duly slgned and dated. If you have any queries. please do not hesltate to contact me. Please can you email the Signed accounts back a5 soon as posslble as In8rld and I wlll be away from our desks from Thursday. Yours sincerely RALPH HARVE -ROBSON Enc We are.w actntIng, tax. IlIt. advisory and bjsiness servicès th6t dor8 & PWson81 expon¢8 both dlgitallyaThJ at yrdOOr. Accounting l Tax l Audlt l AdvLqory l TKhMJfogy R4¢tstorgdotlc2nd Fknr.ftÈ91XM&SK1ty l¥Ist. LQrthThE¢4RgWRelbYtr I10ftPrVJCcOnt4fttYkn rnweofknvwErn•nlbJs•ks&tI trétom)YOAfd DIrt0 rsfériog$18tytwdllOr4d¢3IofIh0CQ0ThYats Inckth1rft•rffl P4rtnw'or'DIKtor'or 'LkerÉ4 aretrewo9tUryd1fetsr0McwOftyQrW6t¢JtMY
Charlty reglstrdtlon number 1122422 Comp•ny rggistratlon nUMr 04593860 (England and WalM} CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs l 8 Jones Mrs KM Morrison rs S Pugh Mrs G M Buffey Reverend P Day Mrs JA Hurst Mr N Pugh Mrs P J Wlliams SocreLIry Mrs K M Mothson Charlty numbèr 1122422 Company numbor 04593880 Reglstered offlce The Old Canteen Actlvily Centre Plas Kynaslon Lane Cefn Mawr exham Clwyd United lfjwdom LL14 3AT Accountants A2ets Column Housg London Road Shrewsbury Shropshire United Kingdom SY2 6NN
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED CONTENTS Pag• Trustees, report A¢countants' r8p)rt Stslemenl of financial ac*vities 8al8n¢e sheet Note5 to the finand81 statements 6-11
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The tNstees psent thgir annual report and financlal sLitemenls for the year endod 31 March 2023. The flnanclal slatemÈnt$ have been prepared in accordanc8 with the accounting pdicies set out in note 1 to the financial stslemenls and Gomply with the charlty's govemlng document. the Companies Act 2006 and 'Accounting and Reporting by Charities.. Ststem8nl of Recommended Pra¢tice applicable to charib'es weparing their accounts In ae£ordanGe with the Financial Reporung Stsndard apICable in UK and Republic of Ireland {FRS 102) leffectfve 1 J8nusry 20191" Obl¢¢tlves and actlvltl•s The charity's objects are to prornole for the benefit of the residents within the tx)undarles of Cefn Mawr. Rhosymedre and Newbrldge and the neighbourhood lo advarte education and to provide facilities in the interests of social wemare for reereation leisure time with the objective of improvlng the condition of life lor the residents. The poliues adopted in fvrtherance of these 0"ects are lo estsbli$h aTrJ maintain a community centre for actlvlti88 omoted by the tharty and ther8 has bean no change in these during the year. Th8 Irustaès have paid due regard to guidance issued by the Charfty Commission in dea'ding what activities the charity should undertake. Publlc bènèfit 8tat8ment The Iruslees believe that services provided by are compliant with the Charity Commission guidaw on Public Benefit and the public benefit is further exemplified in the following statements of Achievements and Perfomiance and Plans for Future Periods. Achlevements and perfornianco Cefn Mawr, Rhosymedre and Newbridge Communlty AssocIaln eonlinugs lo benefft from the supwt of loyal service users, eommitted staff and a hard working management eommittee. The a$xvation has CtinUed to develop a wide programme of well attended recreational. learning and leisure opportuniti$$ for the community. The pLaygroup ayS an important rde ythIn the communty and provision continues lo meet the needs of p8rents. Flnanclal revlew 11 is the policy of the charlty that Unrended funds which have not been designated for a speofic use should be maintained at a levd equivalent to befven three and six month's expend5tu. The trustees consider that reserves at this level will ensu that. in the event of a signlflcanl drcp in funding, they will be able to continue the charity's current &twitios while consideration Is glven to ways in whith additional funds may be raised. Thi8 level of reseNes has beèn maintain8d Ihroughoul the year. Rlsk management The trustses have 8ssewd the major risks lo ¥thich the charty Is exposed, and are satisfied that Systems are in place to mitigat8 exposu to the majof ii8k8. Plan$ lor future pfrriod• Plans for future perlod8 The associatlon wll contlnue lo promote activilre8 for the benefft of the communty. to encourage c(weration ¥Mthin the communty. promote voluntegring and organlse a¢livlles. The dlrectors look fOard to r*w opportunities arKI plans for tho prowsi?n of improved ¢ommunrty seNi¢e5 arKI facilities in the future.
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Strn¢tur•p governance and managem•nt The charity Is a company limited by guaraniee not having a share prtaI and consequently the liability of memb8rs is limited, subleet to an undortaking by each member lo contribute to the net assets or liaLNlities of the company on winding up such amounts as may required not exceeding £1. The Iruslees, who ara also the directLVS for the Purpose of company law. and seJ during the year and up to the dale of gnatUre of the financial statèments w8r8'. Mrs l B Jones Mrs K M Morrison Mrs S Pugh Mrs G M Buffey Reverend P Day Mrs J AHurst Mr N Pugh Mrs P J Williarr The directors are also Charrty Trustees for the purposes of charity law. Committee mgmbers a drawn from local business professionals. representatlves from aduk education dasses and members of the Iccal communty. The ommrrtee, who meet trequently, is responsible for monitoring the petlormanee and stral¢gK ilreclion of the charity. The trustees, report was approved by the Board of Trustee8. Mrs K M Morrison Trusteg
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED FOR THE YEAR ENDED 31 MARCH 2023 In order to asslsl you to fulfil your dulles under the CompanSes Aet 2(K6, we have prepared for your approval the nancial statements of C8fn Mawf, Rhosymedre & Nevttjridge Communty Association Limrted for the year ended 31 March 2023, which comprise the statement of finarla1 acllvrtles and the related note8 from the charty's accounting records and from Snfomiation and explanations ycu have given us. This report 18 made lo the th8rty's trustees. as a body, in accordarte wrth Ihg term$ of our engernent letter dat 27 September 2010. Our work has been undertaken solety lo wepare lor your approv81 the financial 5tat8ments of C8fn Mawr, Rhosymedre & Newbridge CommunityAssoaalion Llmrted and Slate those matter5 that we have agreed to state to the charitys trustees, as a body, in thi5 report in accordance ICAEW Technlcal Release 07116 MF. To the fiJlle81 extent permitted by law. we do not accept or assume responsibility to anyone other ltron Cefn Mawr, Rhosym8dre & Newbrldge Community As50ciallon Llmited and the chanty's trustee$ as a body, for our wt)rk or for this rep.ort. It is yow duty to ensura that Cefn Mw, Rhosymedre & Newbridgo Communlly A880clation Limited has kept adequate accounting records and to prepare statLrtory financial st*ements that glve a Iwe and fair view of the assets, liabilities, finamal position and deficlt of Cefn Mawr, Rhosymedr8 & Newbn"dge Communty Assoaation Limited. You consider that Cefn Mawr, Rhosymedre & Newbridge Communlty A&sooation Limited is exempt from the statutory audrt requ1ment for the year, and is not required to obtain an independatt examiner's report. We have not been inStrLted lo cary out an audit or a review of the finanoal statements of Cefn Mawr, Rhosymedre & NevA)ridge Communty Association Limited. For this reason, we have not verified the accuracy or completeness of the aCUnting records gr infom)ation and explanations you have given lo us and we do not, theretore, express any opinion on the ststutory financial statements. Column Hou8e London Roa Shrewsbury Shropshiie SY2 6NN United Kingdom
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcled Unrestrfctsd funds funds 2023 2022 Notes In¢om8 from: Donalons and legacies Charitsble activitias Investments 22.630 3,297 15.965 4.361 Total Income 25,931 20.327 Ex ndlture Charitable ath"vllles 31,954 24.528 Net expendlture for the y•arl Ngt movemènt In lunds 16,023) {4.2011 Fund balances at 1 Aprfl 2022 7,779 11.980 Fund balances at 31 March 2023 1,756 7.779 The statement of financial acbvrbos incjudes all gains and105ses recognised In the year. All incom8 and expenditure derive from continulng actmtles. The statement of financlal aCtItieS also complies vAh the requirements for an income and expenditure account under th8 CompaniesAct 2C¥)6.
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Fix•d assets Tanglble ass6t$ 11 474 Currant ass•ts Debtors C8sh at bank and In hand 12 1,010 1,219 8.926 2,229 7,888 Crvdltor4'. amounts falllng du¢ wlthln one year 13 1947} (1,(h39) Net current assets 1,282 8,819 Total assèts less cuff•nt liabllltles 1,756 7,779 Income fund¥ Unrestricted fund3 1,756 7,779 1,758 7,779 The CoMpY 1$ entitled to the exemption from the audit requiremenl ¢onlain8d in seetton 477 of the Companies A¢t 2006, for the year ended 31 March 2023. The directors acknedge their responslbilth.es for complying with the requirements of the Companies Act 20C 7Mth respect to a¢¢ounling r8cords and the preparation ol finandal statements. The members have not required th8 company lo cl)tain an autht of its flnarKI81 statements for the year In question in aCdance wtth section 476. These finanual slalements hav6 been prepared in accordance YAlh the provi8icns 8pplicablg to companies subject to the small ¢ompanies regime. The financial statements were approved by thg Trustees on......................... Mrs K M Morrison Trustee Company reglstratknn number 04693860
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcl•¥ Charlty Inft)rniatlon Celn Mawr, Rhosymedre & Newbridge Community Association Limited is a private company limited by guarantee ineorporaled in England and Wdle¥. The registered office is The Old Canteen Activity Centre, Plas Kynaston Lane, Cefn Mawr, eXh&m, Clwyd, LL14 3AT, Un¢ted Kingdom. 1.1 Accounting conventlon The financial stslements have been prepared in acCOrd8n wlh the charlV¥ tgoveming ¢kicumentl. tr Companies Act 2006, FRS 102 "The Finanal Reporting Stsndard applicable in the UK and Republic of Irdand. I'FRS 102.1 and the Charities SORP 'Accounb'ng and Reporb'ng by Charities.. Statement of Recommended prac1 applicable to charities preparing thgir occounts in a¢cordance with the Financkgr Reporting Standard applicable in the UK and Republic of IreLgTrd IFRS 1021" {effeclive 1 January 2019). The charfty Is a Public Benefit Entity as defill by FRS 102. The charity has taken ad¥ts9e of the provi$iffis in the SORP for charities not to prepare a Statanent of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetsry amounts in Ihese financial statements are rounded lo the nearest £. The financlal statements have been prepared under the historlcal ¢ost convention. [mcdified to include Ihe revaluation of freehold properties and lo indude investment properties and certain financial instrents at fair valueJ. The principal accountirwJ polia8$ adopted are set out below. 1.2 Gtyng concern Al the time of approving the financial statements, the trustees have a reasonable expectslion that the charity has adequate resources to contlnue in operational existence for the loreseeable future. Thus the trtee3 continue to adopt the going concem basis of accounting in preparlng the financial statements. 1.3 CharStsbl• funds Unr8slricted fiJrKls are available fcf use at the distretion of the trustee5 in furtherance of their charitable objectives. Restricted funds are subject to specffic condition5 by donors as to how they may to used. The purposes and uses of the restrithd fvnds are set out in the not8s lo the flnancial statement5. Endowment fvnds are subject to speafic GorKlilions by don(xs that the capital must be maintained by lfr charty. 1.4 In¢omg Income 1$ recognised when the charty is legally entitled lo it after any p8rf¢ymanc8 condlth)ns have been met, the amounts can be measured lIablY. and il is probable that incomg will be received. Ca3h donatlon8 are recognised on receipt. Other donatlons are recognise(l once the ¢h?rty has been notifd of the donation, unless perfomiance condilbns require deferral of the amount. In¢ome lax recoverable in relation to donations received under GiftAid or deed8 of covenant 18 recognised at the time of the dCation. L8gacies are reoignised on rec•ipt OT otherwlse rf the d)arity ha5 been notrfied of an Impending dIstrOtitin, the amount is knovm, and receipt is expecled. If the amount 15 not known, the lego¢y is treated as a contingent asset.
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollclgs IContinu•d) 1.0 EXndtturQ Exp6ndllure is re¢ognised once there Is a legal or constfuctive ot4igalion to transfer eOMiC benefft to a Ihifd paty. it is probable that a transfer of eGoncffiic beneflts woll te required in settlem8nt. and the amount of the obligation Gan be mfrasured reliably. Expenditure Is classified by activity. The costs of each activrty are made up of the total of diwt costs and shared costs. Including support costs Invow In undertaking each activty. Direct costs attribulat4e to a single activity are all(xated direttly lo that actlty. Shared costs thich contribute lo more than tsne acb'vty and support costs whi¢h are not attributsble to a single activity are apwrtioned betrtsen those activities on a basis con$l$lenl wth the use of resources. Central staff costs are allOted on the basls of time snI, and depreoation charge5 are all¢xated on the portion o1th8 asset's use. 1.6 Tanglble flxed aMets Tangible fixed assets are inrti81ty measured at eLst and subsequently measured at cost or v81ution, net of deprerAation and any impairment losse5. Depreclauon is rewnised so a5 to wrilg off the cost or Vall110 of assets less their residual valu88 over thelr U8eful Ilves on the fdlowing ba80S'. Lgasehold improvements Plant and equipment Fixtures and fittings Computers Straight1Sne over the lrfe of the lease 20OA slraighl line 2¢YA straight line 33% Stratght Ilne The gain or loss arising on the disposal of an asset is delemilnèd as the difference between the sale proceeds and the carrying value ol the asset, and is recognised In the statement of financlal activities. 1.7 Impalm*nt of fixed ass•ts At 8ath reporting end date, the charfty reviews the carrying amounts of ils tangible assets to deterniine whether Ihere is any indication that those a$set5 have suffered an impairynent loss. If any suth indulion exists. the rectherab19 amount of the aet is estima In order to detemiine the extent of the impaimient It)ss Irf any}. 1.8 Cash and ea$h equlval•nts Cash and cash equlvalents indude ¢8sh in hand, depostts held at caN with banks, other $htyt-tem) liquid investment5 With original malurilies of thr8e months less. and bank overdr8fis. Bank overdrafts afe shown within torrcpwings in current liabilitias. 1.9 Flnanclal Instruments The charity h8s elected lo appty the provi5i0ns of Sectlon 11 'Basic Finanaal In8tnJments' and Section 12 'othei Financial Inslrumonls Issues, of FRS 102 to all of its financial instruments. Flnancial instruments are recognised in the charity'8 balance sheet when the charity becomes paty to the eontraclual provisions of the instrument. Flnancial assets and liabilrties are offset, wth the net amounts presented in th8 flnanaal statements, there is a legally errforceable right to sel off the r8cognised amounts and there Is an inlenlron to settle on a n&t b8815 or to realise the asset and settle the liabilty SimultaneouY.
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlny polici•$ (Contlnued) Bask flnancial assets Basi¢ finanaal assets, which Indude debtors and Gash ar¢d bank balae$, are initially measured at Iran$action price including transaction costs and are $ubs8qugntly carried al amortised cost using the effectlve Interest method unless the arrangement constitirtes a finanurKJ transaction, ere the Iransacaion is measured at the present value of the fvture recelpts discounlgd al a market ra18 of inlerest. Financial assets das¥ifi8d a5 receivable wrthin one year are not aMCsed. Bosic flnancial liabilitios Basic financlal liabilrties, including Creditors and bank loans are initially recognlsed at transaction price unless the arrangemenl constitutes a financing Iransaction, where the debt instrument Os measured at th8 present value of the fulure payments discounted al a market rate of int8r8St. Flnancial labilities dossrfied a5 payable wlthin one year are not amotlsed. Debt In$truments ar& subsequenUy carried at amcrtised cost. uslng the effects've interest rate me1hod. Trade credllors are obligations lo pay for goods or seNces that have be8n acquired in the ordin¥y Gourse of operatlons from suppliers. Amounts payab are dassffiefj as current liabilities if payment is due within one year or less. If not, they are presented as noTrcurrenl liabilities. Trade ereditDrs are reMgnised initially at transaction price and subsequentty me88ured al amortised co81 u81ng the effeGtive interest melhtyj. Dereeogftition of financlal IlabiTliti•s Financial liabilitie$ are derecognlsed %then the charty's contractual 0[gatiOnS expire or are thsd)arged or eanc&lled. 1.10 Employee benellts The cost of any unusgd holiday entitlement 15 recognised In the perd in *iCh the employee'8 8eMGe$ a received. Tem)inat4on benefits ale recogni8ed Immedialdy as an expense vrt)en thè thorty is demOnstratY committgd to terminate the emOyMent of an employee or lo Fyovide termln8tron beneffts. Crttital accountlng estimatss and Judg•ments In Iha application of the dnty'S accountSng polityes, the trustees are roquired to make judgements, estimates and 86SUmPtions about the carrylng 8mount of assets and liablllties that are not readily apparent from olhgr source$. The estimates and as60Giated assumptions are based on historical experien and other factwJ th8t are considgred to be relevant. A¢tual results may dlffer ftom these estimates. eslimales and underlying assumptions are reviewed on an ongc4ng basis. Revisions to accwntirKJ estimates are reccgnlsed in the period in Yrfhich the estimate is revised where the re7$10n affects lY that period, or in the period of the revision aThJ ftrture periods where the revision affects both current and future pgri¢>as.
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and hgacles Unrestrlcled Unrnstrlctod funds funds 2023 2022 Donab'ons and gifts Grant5 receivable 2,201 20,429 1,230 14,735 22.630 15.965 Gmnts recelvable for core actlvlll•s Other 20.429 14,735 20,429 14,735 Charitable actlvltles Communlty Communlty activitie* actlvltles 2022 2023 Sales within charitable ath'viti'es 3,297 4.361 Investm•nts Unregtrictsd Unrgstrlctod funds funds 2023 2022 Interest receNable
CEFN MAWR, RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Charitable acti¥itie8 ComrnunSty Communlty a¢tlvltl•s 2022 2023 Depreciab'on and impaiment Project expenses Offio rent Rates and water Consumables and cleaning 77 13.002 100 330 1.102 718 12.518 100 1,1 1.371 E- li Power, light and heal Propety rep8lrs and maintenance Insurance Hire of equipment Accounlaney Bank charges PrintiThJ and 8tstionery Telecommunlcations Sundry expenses 2,127 10,443 1,832 499 672 1,842 458 693 69 83 590 197 580 291 31,954 24,528 31,954 24,528 Descvlption of charltable activttios Commun Running and providing activrti8s in the community including a luncheon club and supportlng the playgroup, early years and flying start programmes. Maintslning L¥Jilding facilities for community hire in ts Cefn Mawr, Rhosymedre and Nridge area. Tru8tees None of the trustees lor any persons nnected with them) reeelved any remunerati or tenefits from thè charity durlng the year. Employ088 The average monthly number of employees during th8 ygar was.. 2023 Numbgr 2022 Numbèr Total There were no èmploy893 whose annual remuneration was mcfe than £60,000. 10-
CEFN MAWR. RHOSYMEDRE & NEWBRIDGE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 10 Taxation The charty is exempt from lax on income and gains falling within section 505 of the TaxesAca 1988 or secti 252 of the Taxatlonof Chargeable GainsAd 1992 to the ex1enl that these are applied lo tts ch8rilabte objects. 11 Tangible fixed assets Lwehold Plantand FluTeS and Comwrte fittings Cost Al 1 April 2022 Addlllons 1.142 5,582 9,860 4,647 21,231 290 At 31 March 2023 1.142 5,582 4.937 21.521 D•pro¢latlon and Impalrmgnt At 1 April 2022 Depreciati charged in the year 1,070 5.162 140 9,617 243 4.422 321 20.271 776 At 31 March 2023 1,142 5,302 9,860 4,743 21,047 Canylng amount At 31 Marth 2023 280 474 At 31 Marth 2022 73 420 243 224 12 Debtorn 2023 2022 Amounts falllng due within one year. Prepayments and aeerued income 1,010 962 13 Crodltors: amounts falllng due wlthln on• yr 2023 2022 Trade creditors Accruals and deferred income 347 1,069 14 Related party trdn¥actlons Th6re were no disclosable rèlatèd party Iransadions during Iho yeaf12023- nor*, 2022- none) 11