DARRAN LAS COMMUNITY IIL.ILDINGS A COMPANY LIMITED BY GUARAYTEE REPORT AND FINANCIAL STATEMENTS YEAR ENDING 31ST. MARCH 2024 CHARITY NUMIIER: 1122396 COMPANY NUMBER: 06442559
DARRAN LAS COIVLTrtUNITY BUILDILNG Contents Trustees Annual Report Independent Examiner's Report Statement of Financial Activities (including the income and expenditure &CCOLlflt) Balance Sheet Notes to the Financial Statements
DARRÉIN LAS COMMUIYITY BlJllLDING TRUS"I'ELS AuAL REPORT FOR THE YLAR ENDED 31 MARCH 2024. The trustees are pleased to present their annual dir¢ctor's report, together with the independently examined financial statements of the Charity for the year ended 3 l&t March 2024 which are also prepared to meet the requirements of a directors, report and accounts for Companies Act purposes. The financial Statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and cornply with the Charity's governing document, the Charities Act 201 l and Accounting & Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable iii the UK & Rcpublic of Ireland published in October 2019. istered Chaiit Name Darran Las Community Building Charit Re istration Number 1123696 Com an Number 06442559 (England & Wales) istered Offic¢ Training Centre Glamorgan Street, Perthcelyn, Mountain Ash, Rhonda Cynon Taff......CF45 3R3. Place o Business Darranlas Community Buildin Aberdare Road, Mountain Ash, Rhondda Cynon Taff......CF45 3PT. The Trustees The trustees who served the charity dLlI'ing the year were as follows:. R.A. Walters J. Hughes D.C. O'mahony A. Morgan Accountants Barlow, Mendham & Co. Glandover House, 67, Butc Street, ABERDARE.....CF44 7LD. Page I
DARRAN LAS COMLktUNrrY BUILDIIYG TRUSTEES ANNUAL REPORT FOR cont HE YEAR ENDED 31 . MARCH 2024. ST STRUCTURE GOVERNANCE AND MANAGEMENr The company was incorporated in England & Wales as a company limited by guarantee on 315t December 2007 and obtained charitable status on 16th April 2008, It is a privat¢ company governed by its Memorandum and Articles of Association. The induction and training of our trustees is carried out in association with other voliintary organisations. The tTUStee5 are members of the organisation and can volunteer or may be appointed at the Annual General Meeting. The trustees have delegated authority for the day-to-day running of the organisation to the Communities First Coordinator, assisted by key members of staff. The trustees have implemented relevant policies and procedures which are adhered to at all times. OBJECTIVES AND ACTIVITIES The charity was set up to promote the benefits of thc inhabitants of tlie Mountain Ash area by worlcing in association with the local authorities, voluntccring organisations and inhabitants in a common effort to advance education and to provide facilitics in the inteilst of social welfai'¢ for recreation and leisiire time occupation with the object of improving the condition5 of life for the said inhabitants. To establ ish a community facility to deliv¢r ediicational training, health projects, activities and initiatives, to enable socially excluded membci3 of the community to develop the skills and confidence to participate in community life. This will work towards a positive improvement on their lives and the area they live in. In shaping our objective and planning our activities, the trustees has considered the Charity Commission's guidance on Pliblic benefit. ACHIEVLI MENTS & PERFORMANCE The Darran Las Community Building has now been open for over 17 years and our aims to provide a safe and secure environment for the local and wider community have not changed. We are continuing to support local groups, through training, general support and advice. We continue to deliver activities for the wider conimunity, from Mother & Toddler Groups, childreii daiice classes, church group to local Choral Society which is mainly atlended by the older members of the community. TRAINING Also. we are continuing to run traiiiing courses through Adult Education and Adult Learning Wales, these courses are designed to support individuals to acquire qiialification giving them a better Ghance of gaining employment and increase theii. life skills. ADUI,T ACTIVITIEI S Commiinities for Work Plus continuc to work with other service providers to deliver a vai'iety of activities and coiirses delivering something for evei'yone to try. These incliide local coininlinity groiips SiLch as the Choral Society, the kitchen is Lised to deliver cookery classes for a variety of coinmunity groLlPS. A local branch of the veterans meets weekly and are being supported by the Local Aiithority. The Cynon Valley Ladies GroLlP continues to tneet with niimbers 0wIng and incliides members fi'om thc local and outside the local area. The Men's gi'oiip Ineets weekly and the attendance is growing steadily. They arc a Peer led group and offer siipport and advicc to each othei.. They also ari'ange activities and invite outside organ isations to come along and give presentations ctc. Page 2
DARRA LAS COMMUNITY BUILDING TRUSTEES ANNUAL REPORT cont FOR THE YEAR ENDED 31-. MARCH 2024. CHILDREN & YOUNG PF,OPLES ACTIVRTIES Drop-in for I I to 19 yedr olds runs once a week. A local dance group hold weekly classes for children aged between 3 - 16 years. Rooms are available for th¢ 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. ANCIAL VIEW For this year the Charity'5 income from room hire was £4,013. The Charity received grnnts of £53,100 And dorLations of £500. Expenditure ITr relation to the a¢tiviti&s of the Ch8rity was £42,277, which included building maintenance and repair costs of £3,377. Bxpenditure of a capit81 natur4 included as a&8cts on the Charity's balance sheeL of £37,937 w&s incui'red during the Yr. At the year end, the Ch&rily's net assets were £56,165, which are all included as unrestricted funds. This represents an increas¢ in nel assets of £15,336 over the previous year's funds. RESERVES POLICY ThL truslres of Darran Los CommLbnity Building have considered the reserves of the organisation and have adopted the following policy: The trustees consider that the level of res¢rves sh)uld b¢ set at a level to ensure thal the charity can meet the li8bilities and contractual obli8ations of the organisation, should it ce&se to exist. The r&8erves of the organisation are lo be held in an gccount as determined by the Communities First Coordin8tor fit the time. STATEMCI NT OF TRUSTEES, RESPONSIBILITIES The trustees (who al'e also directors ofDarran Las Community Building) aT¢ Kswnsible for preparing the Trustees Report and the financial staternents in acwrd8nce with applicable law and Lnited Kingdom Accounling Standards (United Kingdom Generglly Accepted A¢counting Practice), Company law requires the trustees lo prepwe financiol statements for eaoh financi81 year which give a Irue and fair view of the slate of affairs of the charitable ¢omp3ny and of the incoming resources and ftpplication of resources, including the incom¢ 8nd expenditure, of the chai'ilable company for the year. In preparing these financi&l statements, the trustee5 8re required io: Sclect suitable accounling policies and then apply them consistently, Observe the method5 and principl&8 in the ChariCie5 SORP. Make jiidgemenls and estimates thal are reasonable and prudent, State whether applicabl¢ UK Accounting Standards have been follo.wed, subject to any malerial depftrtui'es disclosed and explained in the financial statements. Prepare the finan¢i81 slalements on the goin8 concem basis unless it is inappropriate to presume that the charitable company will continue in oper8tion, The trustees al'e responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the eharitmble wmpany and enable them to ensure thAt Ihe financial statements comply wilh the Compftnies Act 2006. They are a150 responsible for saf¢8U8rdin8 the assets of tlie charitable company and h¢n¢e foi. t8kin8 reasonable steps for the prevention and detection of (rnud and other irre8ularitie5. The Trustees Report has been prepared having taken advant8gc of the small companies ¢KemptioTh in the Companies Act 2006. Signed by the order of the Trustees A Morgan- Directorrrrus Date: q/ii/ioTr Page 3
DARRAN LAS COMMUNITY BUILDING CHARITY NO: 1123696 COMPANY NO: 06442559 land & Wales INDEPEI¥DENT EXAMINER'S IITr PORT TO THE TRUSTEI ES OF DARRAN LAS COMmUy BLULDING l i'eport to the charity trustees on my examination of the accounts of the company for the year ended 3 K, March 2024 which set out on pages 5 (0 10. Responsibilities and basis of report As the charity trustees of the company (and also its directors for Ihe purposes of cotnpany 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 under Part 16 of the 2006 Act and arL cligible for independent examination, I report in respect of my examination of your coinpany, s accounts as carried out under section 145 of the Charities Act 2011 ('the 201 l Act,). In can'ying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act. Independent examiner's statement I have completed iny examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe that in any matei'ial respect: accounting records were not kept in re5PeCt of the company as UIred by swtion 386 of the 2006 Act; or 2. the accounts do not accord with those record5; or the account5 do not comply with the accounting reqUents of section 396 of the 2006 Act other than gny requireinent that the accounts give a 'truc and fair view, which is not a matter considei'ed &$ part of an independent examination; or 4. the accounts have not l%en wepared in accordance with the methods and principl&8 of the Statement of Recornmended Practice for accoiinting and reporting by charitie5 [applicable to chai'ities preparing their 8ccounts in accordance with the Financial ReFK)rting Standard applicable in the UK and Republic of Ereland (FRS 102)]. I have no concei'ns and have come across no other niatters in connection with the examination to which attention should b¢ drawn tn this report in order to ¢nable a prop¢r underst8nding of the accounts to be reached. Signed: Dale: W, P. Bai'low FCCA Barlow Mendham & Co Accountants Glandover House 67 BLlte Sti'eel Abei'dare CF44 7LD Page 4
DAIIRAN LAS COMTrtUMTY BUILDING COMPANY NUMBER: 6442559 STATEMENT OF FINANCIAL AcfIviTIES Income & TrJX enditure Account FOR THE YEAR ENDED 31sr MARCH 2024. includin tbe Unrestricted Fund5 Restricted Total Total Funds Funds Funds 2024 2023 Notes Income Grants received 53.100 53.100 23,359 Income from Charitable Activities: Roorn Hire Income Donationslcontributions for Community events 4,013 4.013 3,862 500 500 750 Total Income £57,613 £57,613 £27,97l enditure EKpenditui'e on Chw'itable Aclivitics: Community Building & Community Events Expenditure 42,277 42,277 27,599 Tot81 Ex enditure £42,277 £42,277 £27,599 Net Income/(Expenditure) and net movement in funds for the year 15,336 15,336 372 Transfer between fvnds 15.336 15,336 372 Reciinciliation of Funds Total funds bi'ought forward 40.829 40,829 40,457 Total funds carried forward £56,165 £56,165 £40,829 The Statcment of Financial Activiti¢s include all gains and losses rewgnised in the year. All inGome and expenditure derives from continuing activities. The notes on pages 6 to l O form part of these financial statements Page 5
DARRAN LAS COMMUNITY BUILDING BALANCE SHF.ET AS AT 31". MARCH 2024. Notes 2024 2023 FIXED ASSETS Tangible Assets 44.146 12,360 CURRENT AssKrs Debtors Cash al Bank and In Hand 990 14,657 1.916 28,247 15,647 30,163 CREDITORS: Amounts falling due within one yedr 3,628 1.694 NET CURRENT ASS TS 12,019 28.469 TOTAL ASSETS LESS CURRENT LIABILITIES 56,165 40,829 T ASSETS £56,165 £40,829 THE FUNDS F THE CHARITY Restricted incoine funds Unresti'icted income fLinds 56.165 40,829 TOTAL ARLT UNDS £56,165 £40,829 The company was entitled to exemption from audit under S477 of the Companies Act 2006 relating to small companies. The inembers have not required the company to obtain an audit in accordanc¢ with Section 476 of the Companies Act 2006. The diitctors, as trustees, acknowledge their responsibilities for complying with the Itquirenient of the Companies Act 2006 wilh respect to accounting re¢ords and th¢ prepai'ation of accounts. These accouiits have been preparcd in accordance with the piY)visions applicable to small companies subject lo the small Lompanies regime and in accordance with FRS 102 SORP and conslittite the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. Iq | I LIt4JIY and sign¢d on theii. bchalf by:_ These Accounts wei'e approved by the trustees on A Morgan - TrusteelDirector Page 6
DARRAN LAS COMMUNITY BUILDING NOTES FORMING PART OF THE FlliANCIAL STATE11 NTS li FOR THE YF,AR ELNDED 31sf MARCH 2024. I.ACCOUNTtNG POLICIES The princip&l accounting policies adopted in the preparation of the financial statements are as follows:. a) Basis of aration & enerdl information The Charity constitute5 a public benefit entity as defined by FRS 102. The financial statem¢nts have been prepared in accordanc¢ with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 201 I, the Compani¢5 Act 2006 and UK Generally Accepted Accounting Practice. The financial 8tatements are prepaffd on a going concern b&8is under the historical Cost convention. The financial statements are prcseThted in sterling which is the funclional currency of the Charity and rounded to the nearest £ l. b) Donations Donations are credited to the income and expenditure account in the year in which they are iiotified to the charity. c) Grant Income Grants reccivLd are credited to the accounts in the year to which they relate. d) Room Hire Income Income derived from the hire of rooms at the Community Building is cr¢dited to the accounts for the year to which the room hire rclates. nditure Expenditure is included in the statement of financial activiti&8 on the accruals basis. All Fixed Assets are initially recorded at cost. reciation Deprcciation is calculated so as to writ¢ off the cost of an asseL less ils estimated residual value, over the useful economic life of that asset as follows:_ Fixtures & Fittings & Equipment Solar PV System & Lighting 25 % reductng balance basis 80/0 sts'aight line basis ebto Trade and other debtors are recognised at the invoiced amounl there being no trade discounts offered. Prepayments are valued at the atnount prepaid after taking into account any trade discounts due. Page 7
DARRAN LAS COMMUNITY BUILDING NOTES FORMING PART OF THE FINANCIAL STATEI LMENTS ST FOR THE YEAR ENDED 31 . MARCH 2024. i) Creditors and Provisions Creditors and provisions are recognised when the charity has a presènt obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated rel iably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2, ANALYSIS OF EXPENDITIJRE ON CHARITAIILE ACTIVITIES Community DLveloprnent Officer costs C.arelakers & Cleaners wages Light & Heat Rates & Water Licences & Insurances Repairs & Renewals Depreciation of Tangible Fixed Assets Governance Costs- Accounts preparation costs Commuiiity Events expenditure Sundry Costs 2024 Total 19,818 1,258 5,099 311 910 3.377 6.150 1,200 3,645 509 1,453 4,167 652 1,090 14,865 2,569 998 1,755 50 £42,277 £27,599 3, NET INcoMEXPENDITuRE FOR THE YEAR This is stated after charging: 2024 2023 Depreciation Accountancy Services - Accounts piEparatio 6,150 1,200 2,569 998 Page 8
DARRAN LAS COMMUNITY BUILDING NOTEI S FORMING PART OF THE FINANCIAL STA'I'Tr MENrs FOR THE YEAR ENDED 31sf MARCH 2024 4. ANALYSIS OF STAFF WAGES & TRu%fcE REMUNERATION & EXPENSES 2024 2023 Caretaker Costs 1.258 1,453 £1,258 £1,453 The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023 £Nil) neither were they reimbursed expenses during the year (2023 £Nil). No charity trustee received payin¢nt for professional or other services supplied to the charity (2023 £Nil). S. STAFF NUMBERS The average nuinber of ¢rnployees during the year, calculated on the basis of full-time equivalents, was as follows:. 2024 2023 Cdretakerlcleaner 6. CORPORATION AX The charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the ¢xt¢nt that these are applied to the charitable objects. Page 9
DARRAN LAS COMMUNITY BUILDINGS NOTES FORMING PART OF THE FINANCIAL STATEMEINTS FOR THE YEAR ENI IDEI D 315f MARCH 2024. Solar PV Fixtures stem & Fittin htin 7. FIXED ASSETS - TANGIBLE otal Cost At 1.4,23 Additions Disposals l2,128 20,252 25,006 17,685 37,134 37,937 At 31,3.24 £32,380 £42,691 £75,071 i'eciation At 1.4.23 Charge for period On disposals 5.820 2,590 18.954 3.561 24,774 6,151 At 31,3.24 £8,410 £22,515 £30,925 Net Book Value At 31.3.24 £23,970 £20,176 £44,146 At 31.3.23 £6,308 £6,052 £12,360 8. Df,BTORS rior Room Hir Prepayments 2024 250 740 2023 1,216 700 £990 £1,916 9. CREDITORS Amoiints falling due wiihiii one year- A¢¢ountancy Fees Accruals For Events Costs Foi. C&retak¢r Costs 2,200 836 167 425 1,384 310 £3,628 £1,694 10. IiELATED PARTY TRANSAl0s There wei'e no related party transactions dui'ing the year. I I. GRANT INCOME Grant incoine is coinprised of amounts received via the local authority (Rhondda Cynon Taff County Boioiigh Council), which has been used to fund eXndItUre on facilitie5, quipment piirchases, towards various conimunity events and towdrds the cost of a community developiiient officer (via the local authority). Page 10