DARRAN LAS COMMUNITY BUILDINGS A COMPANY LIMITED BY GUARANTEE I PORT AND FINANCIAL STATEMENTS YEAR ENDING 31ST. MARCH 2023 CHAKITY NUMBbK: 1122396 COMPANY NUMBER: 06442559
DARRAN LAS COMMUNITY BUILDING Contents Trustees Annual Report Ind¢pendent Examiner's R¢port Statement of Financial Activities (including the income and expenditure account) Balance Sheet Notes to the Financial Statements
DARRAN LAS COMMUNITY BUILDING TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31sf MARCH 2023. The trustees are pleased to present their annual director's report, together with the independently examined financial statements of the CharÉty for the year ended 31 51 March 2023 which are also prepared to meet the requiremet)ts of a dii'ectors, report and accounts for Companies Act purposes. The financial Statements have been prepared in accordance with the accounting policies set out in tlie notes to the accounts and coinply with the Charity's governing document, the Charities Act 2011 and Accounting & Reportkng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK & Republic of Ireland published in October 2019. istered Charit Name Darran Las Community Building Charit Re istration Number 1123696 Com Number 06442559 (England & Wale5) Traintng Centre Glamorgan Street, Perthcelyn, Mountain Ash, Rhonda Cynon Taff......CF45 3RJ. Pla¢¢ of Business Darranlas Community Building, Aberdare Road, Mountain Ash, Rhondda Cynon Taff..,,..CF45 3PT, The Trustees Th¢ trustees who served the charity during the year were as follows:_ R,A, WalteiE J. Hughe5 D.C. O'mahony A, Morgan Accountants Barlow, Mendham & Co. Glandover Hous¢, 67, Bute Street, ABEIU)ARE.....CF44 7LD. Page I
DARRAN LAS OMMUNITY BUILDING TRUSTEES ANNUAL REI PORT FOR TIIEI YEAR EI NDED 31-. MARCH 2023. eont STRUCTURE GOVERNANCE Af4D MANAGEMENT The company was incorporated in England & Wales as a company limited by guarantee on 31 December 2007 and Dbtained charitable status on 16th April 2008. It is a private company govert)ed by its Memordndum and Articles of Association. The induction and training of our trustees is carried out in association with other voluntai'y organisations. The trustees are members of the organisation and can volunlcer oi. may be appointed at the Annual General Mccting. The truslees have delegated authority for the day~to-day running of the organisation to Éhe Communities First Coordinator, assisted by key members of staff. The trustees have implemented relevant policies and procedures whi¢h are adhered to at all times, OBJECTIVL&i AND ACTIVI'I'IES The charity was set up to promote the benefits of the inhabitants of the Mountain Ash area by working in association with tlie local authorities, volunteerii)g organisation8 and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life foi. the said inhabitants. To establish a community facility to deliver educational training, health priijects, activities and initiatives, to enable socially excluded members of the community lo develop the skills and confidence to participate in community life. This will work towai'ds a positive improvement on their lives and the area they live in. In shaping oui. objective and planning our activities, the trustees has considered the C'harity Commission's guidance on public benetit. ACHIEVEMENTS & PERFORMANCE The Darran Las Community Building has now been open for over 16 years and our aims to provide a safe and secure environment for the local and wider coinmunity have not changed. The accounting year 202212023 has improved on the 202112022 perfftod due to thc ¢ovid r¢striction being lifted last year. We aiE continuing to 5UPPOrt IocÉil gruups, through training, general sUPPOrt and advic¢. W¢ continue to deliver activities for the wider community, from Mother & Toddler Groups, childi'en dancc classcs, church group to local Choral So¢iety which is mainly attended by the older members of the community. TRAINING Also, we are continuing to run training couiTes through Adult Education and Adult Learning Wales, these courses are designed to support individuals to acquire qualification giving them a better chance of gaining employtn¢nt and increase theii. life skills. ADULT ACTIVITIES Communities foi. Woi'k Plus continue to work with other service providers to deliver a variety of activities and courses delivering something for evei'yon¢ to try. These include local community gi'oups such as the Choral Society, the kitchen is used to deliver cookery classes foi. a vai'iety of community groups. A local bl'anch of the veterans meets weekly and are being supported by the Local Authority. The Cynon Valley Ladies Group continues to meet with numbei's growing and includes members from the local and outside the local area. The Men's gi'oup meets weekly and the attendance is growing steadily. They are a Peer led group and offei. suppoi't and advice to each other. They also arrange activities and invite outside oi'ganisations to come along and give ptysenlations etc. Page 2
DARRAN LAS COMMUNITY BUILDING TRUSTEI ES ANNUAL REPORT cont ST FOR THE YEAR EI NDED 31 . MARCH 2023. HILDREN & YOUNG PEOPLES ACTIVITIES Drop-in for I I to 19 year olds runs onL¥ a week. A local dance group hold weekly ¢18sses for children aged between 3- 16 years. Rooms al'e av&ilable for the community to hire for birthday parties and similar events. All the activities that are run out of the building are open to the wider community. INANCJAI, RFVlle For this year the Charity's income fn)m room hire was £3,862. The Charity r¢ceived gratEts of £23,359 and donations of £750. Expenditure tn relation to the activilie5 of the Charity was £27,599, which included building mainlenance and repair costs of £14,865. Expenditur¢ of a Capital nature, in¢lud¢d as assets on the Charity's balance sheet. of £5,882 was incurred during th¢ y¢aT. At the y¢ar end, the Charity's net assets were £40,457, which are all included as unrestricted funds. This represetst5 an Èncrease in net Asset5 of £372 over Éh¢ previous y¢ar's funds. RESERVES POLICY The trustees ol'Darran LAS Community Building have ¢on$id¢r¢d the reserves of the orgjnisation and have adopted the followin8 policy.. Th¢ truste¢s ¢onsÉder that th¢ l¢v¢l of reserves should be set At a level to etksure that the Charity can meet th¢ liabilitÈes and contfactual obligations of the organisation, should it ceas¢ to exist. The reserves of ihe organisation are to be held in an account as deterjnined by the Communities First Coordinator at the time. TATCI MENT OF TRVSTEESY RESPONSIBILITIES Th¢ Irubteeb {whu lire alsv dir¢¢lors of Darraji Las Community Building) arc resTK>nsible for prepaiing the Trustees Report and the financial statements in accordancc with applicable law attd United Kingdom Accounting Standards (United Kiftgdom Generally Accepted Accounting Practice). Lompany law requires the trustees to prepare fillanci&l statements for ¢a¢h fInan¢ial year wbich give a true and fail. view of the statc of affairs of the ¢haritahle cthmp&ny and of the incoming re5011rces artd application nf re%tsurces, including thc incomc and ¢xp¢ndityr¢, of the charitable tompany for thc year. In pr¢paring these financial stat¢m¢nts, th¢ tivstccs air rcquiiEd to.. select sItable accoullting policios and thcn apply thcrn consist¢ntly, Ubserve the methods and principles the Ch&i'itie5 SORP., judgements attd estimates that are reasoiiable and prudent, Stal¢ whvthrx applivablv Lll( Accounting Standards have been followed, subject to any material dq>8rturcs disclostd and explained in the financial statements; Prepare the fEnancial stat¢men15 on thr guing CDn¢eTn basis ullless it is itJappropriat¢ to presume that the ¢harilable company will conttnue in operation. The trustees ar¢ responsible for keeping proper accounting re£ords which disclose with rea50llablB accuracy at any time th¢ financial position of the charitable cornpany and ¢nable them to ensure that the financial %tatemenL8 comply with the Companies A¢t 2006. They al'e &180 resw)nsiblc for safc8uardiThg thc asscts of thc charitable company and hetkC¢ for taking rcasonablc sleps for thc prcvcntion and detection of fraud and other irregulayities. The Trustees Report has been prepared having tgk¢n advantage Of the small companies exemption in the Companies Act 2006. Signed by the ordei. of the Trustees A Morgan- Director/Trusle¢ Date: Page 3
DARRAN LAS COMMUNITY BUILDING CHARITY NO: 1123696 COMPANY NO: 06442S59 I n land & Wales IIYDEPEI NDENT EXAMIIYER'S Rfi PORT TO THEI TRUSTEES OF DARRAN LAS COMMUNITY BUILDING I report to the charity Injslees on my examination of the accounts of the company for the year ended 31 March 2023 which are set out on pages 6 10 10. Responslbllitl88 and basls of report As the Lharity ti'usletts ofthe cvmpany (alld also ils directors for the purpDses 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 ihat the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible foi. indendent examination, I report in respect of my examination of your company's accounts as carried out under scction 145 of tlie Charitics Act 2011 ('tlJe 2011 Act'}. In cavrying out my examination I have followed Ihe Directions given by the Chayity Commission under section 145(5Xb) of the 2011 Act. Independent examiner's statement I have Mpleted my examination. I confirni that no mallers have come to my attention in connection with the examination giving me cause to believe tliat iti any material respect.. accounting records were not kept in respect ofthe company as quild by scctioii 386 ofthe 2006 Act; or 2. accounls do not a¢¢oAI with those recorts. or 3. tk accounts do not comply withihe accounting requirements of section 396 ofthe 2(M)6 Act otha. than any requirement thatthe a¢eounts give a'tnK and fair view, which is not a matter considered as part of an Ilependent examination. ov 4. aceoui)Is have not been PJEpaJEd in accordance with t1 methods and prÈncipleg of the Statementof Recommeiided Practice for accounling and ]Eporting by charities [applicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no oiher matters in connection with (he examination to which attention should be drawn in this report in ordei. to enable 3 proper understanding of the accounts to be reached. Signed. LA,eiL Dale.. 19 7wLF W. P. Barlow FCCA Barlow Mendham & Co Accountants Glandov¢r House 67 Bute Street Aberdare CF44 7LD Page 4
DARRAN LAS C.OMMIJNITY BUILDIN COMPANY NUMBER: 6442559 STATEMENT OF FINANCIAL ACTIVITIES incllldin the Ineoiije & Ei x enditure Accounl FOR THf YEAR ENDED 31ST. MARCH 2023. Restricted Total Tolal Funds Funds Funds 2023 2022 Notes Funds lTh¢ome Grants I'eceived 23,359 23,359 2,000 Income from Charitable Activities.. Room Hire Income Donationslcontributions for Community events 3,862 3,862 4,479 750 750 1,249 Total lllcome £27,Yll £27,971 £7,728 endlture Expenditure gn CharitAble Aclivitics.. Community Building & Community Events Expenditure 27,599 27,599 10,201 Total Ex ndit £27,599 £27,599 £10,201 Nct Incomcl(F.xp¢nditure} and net movement in funds for the year 372 372 (2,473) Transfer b¢twe¢n funds 372 372 (2,473) Reeoneiliatioll of Funds Total funds brought fonvard 40,457 40,757 42.930 Total fvnds carried forward £40,829 £40,829 £40,457 The Statement of Financial Activities include all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The not¢s on pages 6 to l O fonn part of these financial statements Page 5
DARRAN LAS COMMUNITY BUILDING BALAIYCE liHLlI T si. AS AT 31 . MARCH 202 Notes 2023 2022 FIXED ASSETS Tangible Assets 12,360 9,047 CURRENT ASSE Debtors Cash at Bank and In Hand 1,916 28,247 1,098 33,324 30,163 34,422 CREDITORS: Amounts falling due within one year 1,694 3,012 NET CURRENT ASSET 28,469 31,410 TOTAL ASSETS LJABILITIES RRENT 40,829 40.457 NET ASSETS £40,829 £40,457 THE FUNDS OF THF. CHA liestri¢ted income funds Unrestricted income funds 40,829 40,457 TOTAL CHARITY FUNDS £40,829 £40,457 The company was enlitled to exemption from audit under S477 of the Companies Act 2006 relating lo small companies. The members have not required the company to obtain an audtt in accordance with Section 476 of the Companies Act 2006. The directors, as trustees, acknowledge their responsibilities for complying with the requirement of Ihe Companies Act 2006 with respect to accounting I'ecords and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small compallies subject to the small companies regime and in aordanCe with FRS 102 SORP and constitute the annual a¢counts required by the Companies A¢1 2006 and are for circulation lo members of the company. Th&8e A¢¢ounls were approved by the trustees on li and signed on their beELalf by:_ A Morgan - Tmstee/Director Page 6
DARRAN LAS COIIthIUNITY BUILDING NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAII ENDLD 31ST MARCH 2023. I.ACCOUNTING POLlCtES The principal accounting puliuies adopted in the preparation of the financial stalemenls are os follows'.- a) Basi5 of re aration & eneral information The Churily Lonstitules a public benetit entity as defined by FRS 102. The financial statements have been prepared in accord]ce with Accounting and Reporting by Charities.. Statement of Recommended Practice app]ib]e lo charilies preparing their accounts in accordance witli the Financial Rey>rting Standard applicable in the UK and Kepublic of Ireland issued in October 2019, the Financial Rcporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, the Compantes Act 2006 and UK Generally Accepted Accounting Practice. The financial stalemenls 'e prepared on a going concem basis under the historical cost conventioll. The financial statements al'e presented in sterling which is the functional currency of the Charity and rounded to the near¢st £1. b) Donations Donations are crediled to the income and expenditure account in th¢ year in which they are notified to the charity. c) Grant Income Gi'ants received are credited to the accounts in the year to which ihey relate. d) Room Hire Income Incole derived from the hire of moms at the Community Building is credited to the accounts for the year to which the room hire relafr8. endittEre Bxpendttsire is included in the statement of financial activities on the a¢cruals b&sis, All Fixed Assets are initially recorded at cost. g} De i'eciation Depi'ecialion is calculated so as to write off the cost of an asset, less its eslini8ted residual value, over the useful economic life of that asset as follows:. Fixtures & Fittings & Equipment Solar PV Systeni & Lighting 250/0 iEdueing balance basis 80/0 Straight line basis btors Trade and other debtors are i'ecogiiised at the invoiced amount th¢r¢ being no trade discounts offered. Prepayments are valued at the amount prepaid aftei. taking into account any trade discounts due. Page 7
DARRAN LAS COMMUNITY BUILDI OTES FORMING PART OF THEt FINANCIAL STATEMENTS FOR THC YEAR ENDED 31". MARCH 2023. i) Credttors and Provisions Creditors and provisions al'e recognised when the charity has a present obligation resulting from a past event that will piobably result in the transfer of fund8 to a third party and the amount due to settle the obligation can be mcasuird or estimated reliably. c.reditors and provisions are normally recognised at their settlement amount after allowing for any ti'ade dis¢ounts due. 2. ANALYSIS OF EXPII NDITURK ON CIIARITABLE ACTIVITIES Laretakers & Lleaners wages Light & Heat Rates & Water Licences & Insurances RepaiiE & Renewals Depreciation of Tangible Fixed Assets Governance Costs- Accouiits preparation costs Community Events expenditure Sundry Costs 2023 Total 1,453 4,167 652 1,090 14,865 2,569 998 1,755 50 2020 Total 730 3,565 187 997 1,297 1,557 384 1,484 £27,599 £10,201 3. NET INCOMEIEXPENDITURE FOR THI YEA This is slated after charging: 23 2022 Deprectation Accountancy Service8- Accounts preparation 2,569 998 1,557 384 Page 8
DARRAN LAS COMMUNITY BUILDING NOTES FORMING PART OF THE FINANCIAL STATELKENTS DOR THE YEAR ENDED 31ST. MARCH 2023 4. ANALYSIS OF STAFF WAGES & TRUSTCI E REMUNERATION & EXPENSEI S 2023 2022 Caretaker Cost& 1,453 730 £1,453 £730 The charity trustees wer¢ not paid or received any other benefits from employment with the charity in the year (2022 £Nil) neither were they reimbursed expenses during the year (2022 £Nil). No charity IrLJSte¢ received payment for professional or other services supplied to the charity (2022 £Nil). 5. STAFF NUMBERS The average nuTnber of employees during the year, calculated on the b85is of full-titne equivalents, was as follow.s'.- 2023 2022 Caretaker/Cleanei' 6. CORPORATION TAX The charity is exeinpt from tsx on income and gains falling within Section 505 of the Taxcs Act 1988 or Section 252 of the TaxatiOETr of Chdrg¥uble Gains Act 1992 to the extent that ihese are applied to the chaiitsble objccls. Page 9
DARRAN LAS COMMUNITY BUILDINGS NOTES FORMING PART OF THF FINANC.IAL ST ATEMENTS FOR THE YEAR ENDED 31. . MARCkl 2023. Solar PV S stem & Li htixj Fixtures ttin 7. FIXED ASSETS- TANGIBLE ui Total Cost At 1.4.22 Additions Disposals 12.128 19,124 S,882 31,252 5,882 At 31.3.23 £12,128 £25,006 £37,134 reciation At 1.4.22 Charge for period On disposals 4,850 970 17,355 1,599 22,205 2,569 At 31.3.23 £5,820 £18.954 £24,774 Net Book Value At 31.3.23 £6,308 £6,052 £12,360 At 31.3.22 £7,278 £1,769 £9,047 8. Dll BTORS bor lioom Hire Prepaymenls 2023 1,216 700 2022 398 700 £1,916 £1,098 9. CREDITORS Amounts falling due within one year- Accountancy Fees A¢cruals For Repairs and Fixtures & Fittings 1,384 310 386 171 2,455 £1,694 £3,012 10. RELATF.D PARTY TRAN'SACTIONS There wei'e no related party transactions during the year, I I. C.RANT INCOMCI Graiit incomc is compi'iged of amounts received via the lo¢al authority (Rhondda Cynon Taff County Borough CouilCtI), which has been used to fuTxi expet]diture on facilities, equipment purchases and towards various community events. Page 10