DARRAN LAS CO.MMUNITY BUILDING A COMPANY LIMITED BY GUARAIN I'LE RFPORT AND FINANCIAL STATEMENI"S YEAR ENDING 31ST. MARCH 202$ CHARITY NUMBER: 1122396 COMPANY NUMBLR: 06442559
DARRAN LAS COMMUNITY BUILDING Contents Ti'ustees Annual Report Independent Examiner's Report Statement of Financial Activities (including the income and expeiiditure account) Balance Sheet Notes to the Financial Statements
DARRAN LAS COMMUNITY BUILDING TRUSTEES ANNLTAI. REPORT FOR THE YEAR ENDED 31ST MARCH 2025. The trustees are pleased to pr¢sent their annual director's repoit. together with the independently examined financial statements of the Charity for the year ended 3 1st March 2025 which are also prepared to meet the requirements of a directors, report and accounts foi. Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity's govei'ning document, the Charities Act 2011 and Accounting & Reportiiig by Charities: Statement of Recommended Practice applicable to chai'ities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK & Republic of Ireland published in October 2019. Darran Las Community Building istei'ed Charit Name Charit Re istration Number 1123696 Com an Numb 06442559 (England & Wales) Office Training Centre Glamorgan Street, Perthcelyn, Mountain Ash, Rhonda Cynon Taff......CF45 3RJ. Place of Business Darranlas Community Building> Aberdare Road, Mountain Ash, Rhondda Cynon Taff......CF45 3PT. The Trustees The trustees who seived the charity during the year were as follows:. R.A. Walters J. Hughes D.C. O'mahony A. Morgan Accountants Barlow, Mendham & Co. Glandover House, 67, Bute Street, ABERDARE.....CF44 7LD. Page I
DARRAN LAS COMMUNITY BUILDING TRUSTFF.8 ANThUAL REPORT cont FOR'I'HE YEARENDED 31 . MARCH 202 ST STRUCTURE GOVERNANCE AND MANAGEMENT The company was incorporated in England & Wales as a company limited by guarantee on 31 December 2007 and obtsined charitable status on 16th April 2008. It is a private company governed by its Memorandum and Articles of Association. The induction and training of our trustees is carried out in association with other voluntai'y organisations. The truste¢s 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 oi'ganisation to the Cominunities First Coordinator, assisted by key members of staff. The trustees have implemented relevant policies and proceduies which are adhered to at all times. st OBJECTIVES ANI) ACTIVITIES The charity was set up lo promote the benefits of the inhabitants of the Mountain Ash aira by working in association with the local authorities, volunteering organisations and inhabitants in a common effort to advance education and to provide facilities in the interest ofsocial welfare for recreation and leisure time occupation with the object of improving the coiiditions of life for th¢ said inhabitants. To establish a community facility to deliver educational training, health projects, activities and initiatives, to enable socially excluded members of the community to develop the skills and confidence to participate in community life. This will work towards a positive improvement on theii. 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 public benefit. ACHIEVF.MENTS & PERFORMANCE The Darran Las Coininunity Building has now been open for over 18 years and our aims to provide a safe and secure environment for the local and wider community have not changed. We are continuiiig to support local gi'oups, through training, general support and advice. We continue to deliver activities for the wider community, from Mother & Toddler Groups, children dance classes, church gi'oup to local Choral Society which is mainly attended by the oldei. members of the cominunity. TRAINING Also, w¢ are continuing to run training courses through Adult Education and Adult Learning Wales, these coui'ses al'e desigined to support individuals to acquire qualification giving them a belter chance of giiinin8 cmployment and increase their life skills. ADULT ACTIVITIES Communities for Work Plus continue to work with other service providers to deliver a variety of activities and courses delivei'ing something for everyone to try. These include local community groups such as the Choral Society, the kitchen is used to delivei. cookei'y classes for a vai'iety of commiinity groups. A local branch of the veterans meets weekly and are being suppoited by the Local Authoi'ity. The Cyiion Valley Ladies Group continues to meet with numbers glowing and includes membei's from the local and outside the local arca. The Men's group meets weekly and the attendancc is gi"owing steadily. They are a Peer led group and offer support and advice to each other. They also arrange activities and invite outside organisations to come along and give presentations etc. Page 2
DARRAN LAS COMMUNITY BUILDING TRUSTEES ANNUAL REI PORT cont FOR THE YEAR ENDED 31 . MARCH 2025. ST CHILDREN & YOUNG PEOPLES ACTIVITIES Drop-iii for I I to l9 year olds runs once a week. A local dance group hold weekly classes for children aged between 3 - 16 years. Rooms are available for the community to hire for birthday parties and similai. events. All the activities that are run out of the bullding are open to the wider community. FINANCIAL REVIEW For this year the Charity's income from room hire was £13,030. The Charity received grants of £162,974 and donations of £1.717. Expenditure in relation lo the activities of the Charity was £168.375, which included building refurbishment costs of £96,932. Expenditure of a capital nature, included as assets on the Charily'5 balance sheet, of £4,200 was incuri'ed dui'ing the year. At the year end, the Charily's nel assets were £65,511, which are all included as uni'estricted funds, This represents an increase in net assets of £9,346 over the previous year's funds. ES POI,ICY The IrustLLS of Darran Las Community Building h8ve considered the reserves of the organisation and have adopted the following policy: The trustees consider th&t the level of reserves should be set at a Icvel to ¢nsure that the ¢hArity can me¢t the Ilabilities and contractual obligations of the organisation, should it cease lo exist. The res¢iwes of the organtsation are to be held in an aG¢ount &8 determined by the Communilies First Coordinator at Ihe time. STATEME T OF TRUSTEES, RESPONSIBILITIES The ti'ustees (who are also directors of Darran Community Building) are responsible for preparing the Ti'ustees Report and the financial statements in accoi'dance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounttng Praclice). Company law requires the Iruslees to prepare finan¢ial slatemenls for each financial year which give a true and fair view of Ihe slate of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of ih¢ charitable company for the year. In preparing Ihese financial statements, the truslees are required io: Select suilable accounting policies and then apply them consi51ently, Observe the methods and principles in the Charities SORP: Make judgement9 2nd estimates that are reasonable and prudent, State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalemenls. Prepare the financial slalements on Ihe going concern basis unless it is inappropriate to presume ihat the charitable company will continue in operation. The trustees are responsible for keeptng proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable eompany and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding Ilie assetg of IhL Lharitable ¢ompany and hence for taking reasonable steps for the prevention 4nd detection of fraud and olh¢r irregulariti£s. The Trustees Report has been prepared having taken advantage of the small wmpanie5 exemption in the Companies A 2006. Signed by the ordei. of the Trustees A Morgan- Directorrrrustee Date: Page 3
DARRAN LAS COMMUNITY BUILDING CHARITY NO: 1123696 COMPANY NO: 06442559 land & Wales INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DARRAN LAS CoMMU,1Ty BUILDING I report to the charity trustees on my examination of the accounts of the company for the year ended 31" Mailh 2025 which set out on pages 5 to 10. Responslbilities and basis of report As the charity ti'ustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounls in accordance with the requirements of ihe Companies Act 2006 ('the 2006 Acl,). Having satisfied inyself that the accounts of the company are not required to be audited undei. Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charitiei Act 2011 ('the 201 l Act,). In carrying out my Cxamination I have followed the Direclions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any maiei'ial respect: accounting records were not kt in t of the company as wu1] by section 386 of the 2006 Act. or 2, the accounts do not accord with tkM)se records; or the accounts do not comply with the accounling requiremenls of section 396 of the 2006 Ad other than any requireinent that the accounts give a '1 and fair view, which is not a mattel. coitsideiEd as oran independent ex¢unination' . 4. the accounts have not been prepad in accordance with the methods and principles of the Statement of Recommended 'actiCe tor accounting and reporting by charities [appli¢able to ehajities preparing their accounts in accoitlance with the Financial ReFK)rting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concei'ns and have come across no other malters in connection with the exainination to which attention should be drawn in this report in order to enable a proper undersianding of the accounts to be reached. Signed,. Date: W. P. Barlow FCCA Bai'low Mendham & Co Accountants Glandover House 67 Bute Street Aberdai'e CF44 7LD Page 4
DARRAN LAS COMMUNITY BUILDING COMPANY NUIVIBER: 64425S9 STATEMF,NT OF FINANCIAL AcfKvITIEi S Income & Ex cnditure Account FOR TIIE YEAR ENDED 31ST MARCH 2025. includin the Unresti'icted Funds Restricied Total Totaj Funds Funds Funds 2025 2024 Notes Income Grants received 162,974 162,974 53,100 Income from Charitable Activities: Room Hire Income Donations/contributions for Community events 13,030 13,030 4,013 1,717 1,717 500 Total Income £177,721 £177,721 £57,613 endilure Expenditure on Charitable Activities.. Community Building & Community Events Expenditure 168,375 168,375 42,277 Total Ex enditure £168,375 £168,375 £42,277 Net Income/(Expcnditure) and nel movement in fund5 for the year 9,346 9,346 15,336 Transfer between funds 9,346 9.346 15,336 Reconciliation of Funds Total funds brought forwaiyl 56,165 56,165 40,829 Total funds carried forward £65.511 £65,511 £56,165 The Statement of Financial Activities include all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes on pages 6 to l O form part of these financial statem¢nts Page 5
DARRAN LAS COMMUNITY BUILDING BALANCE SHEET AS AT 31".-MARCH 2025. Notes 2025 2024 FIXED ASSETS Tangible Assets 41,963 44,146 URRENT ASSETS Debtors Cash at Bank and In Hand 763 25,585 990 14,657 26.348 15,647 CREDITORS., Amounts falling due within one year 2,800 3,628 NET CUIiRENT ASSETS 23,548 12,019 TOTAL ASSETS LESS CURRENT IABILITIES 65,51 56,165 NET ASS £65,511 £56,165 THE FUNDS OF THE Restricted income funds Unrestricted incoine funds TY 65,511 56,165 TOTAL CHARITY FUNDS £65,511 £56,165 The company was entitled to exemption from audit under S477 of the Companies Act 2006 relating to small ompanies. The members have not required the company io obiain an audit in accordance with Section 476 of tl)e Companies Act 2006. The directors, as ti'ustees, acknowledge their responsibilities for complying with Ihe requiiEment of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable tr) small companies subject to the small companies regime and in accordance with FRS 102 SORP and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. and signed on iheii. behalf by:" These Accounts were approved by the trustees on A Morgan - Tiustee/Dii'ector Page 6
DARRAN LAS COMMUNITY BUILDING NOTES FORMIINC PART OF THE FINANCIAL STATEMENTS FOR THE YLAR LLNDED 31ST. MARCH 2025. I.ACCOUNTTNG POLICIES The principal accounting policies adopted in the preparation of the financial statements are as follows:. a) Basis of re aration & eneral inforn]ation The Charity constitutes a public benefil entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IIEland issued in October 2019, the Financial Reporting Staiidard applicable in the United Kingdom and Republic of Iirland (FRS102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial slatements are presented in sterling which is the functional currency of the Charity and rounded to the nearest £1. Donations are ¢redit¢d to the incomc and expenditure account in the year in which they are notified to the charity. c) Grant Income Grants received al'e credited to ihe accounls in the year to which they relate. d) Room Hire Income Income derived from the hire of rooms at the Community Building is credited to the accounts for the year to which the room hire IElates. enditure Expenditure is included in the statement of financial activities on the acci'uals basis. Fixed A.8sets All Fixed Assets are initially recorded at cost. ciation Depreciation is calculated so as lo write off the cost of an a&sel less its estimated residual value, over the useful economic life of that asset as follows:_ Fixtures & Fittings & Equipment Solar PV System & Lighting 25L/lo reducing balance basis 80/0 Straight line basis h) Debtoi8 Ti'ade and otlier debtors are recognised at the invoiced amount there being no trade discounts offered. Pitpayments are valued at the amount pitpaid after taking into account any trade discounts due, Page 7
DARRAN LAS COMMUNITY BUILDING NOTES FORMING PART OF THE FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 , MARCH 2025. i) Creditors and Provisions Creditors and provisions are recognised when the charity has a piEsent obligation resulting from a past event that will probably result in the transfer of funds to a third party and thc amount due to settle the obligation can be measured or estimated reliably, Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2. ANALY81S OF EXPENDITURE ON CHARITABLE ACTIVITIES Building repair% / returbishment Community Development Officer costs Caretakers & Cleaners wages Ltght & Heat Rates & Water Licences & Insuranc Repairs & Renewals Depi'eciation of Tangible Fixed Assets Governance Costs - Accounts prepai?tion costs Community Events expenditure Sundry Costs 2025 2024 96,932 37,173 1,759 8,785 4lO 1,115 1,553 6,383 1,220 12,295 750 19,818 1,258 5,099 311 910 3,377 6,150 1,200 3.645 509 £168,375 £42,277 3. NET INCOMEIEXPEND This is stated after charging: R THE YEAR 02 2024 Depreciation Accountancy Services- Accounts preparation 6,383 1,220 6,150 1,200 Page 8
DARRAN LAS COMMUNITY BUILDING NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 4. ANALYSIS OF STAFF WAGES & TRU&iTE£ REMUNLIiATION & EXPENSES 2025 2024 Caretaker Costs 1,759 1,285 £1,759 £1,285 The charity trustees were not paid or received any other benefits from employment with the chai'ity in the year (2024 £Nil) neither were they reimbursed expenses during the year (2024 £Nil). No charity li'ustee received payment for profo8sional oi. othei, services suppl i¢d to the charily (2024 £Nil). . STAFF NUMBERS The av¢i'age numbei. of employees during the year, calculated on the basis of full-time equivalents, was as follows:. 2025 024 Caretaker/Cleaner . CORPORATION TAX The chai'ity is exernpt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or 8ection 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to the chai'ilable objects. Page 9
DARRAN LAS COMMUNITY BUILDING NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARC112024. Solar PV Fixtures S stem & Fittin htin 7. FIXED ASSETS- TANGIBLE ui Total Cost At 1,4.23 Addilions Disposals 32,380 42,691 4,200 75,071 4,200 At 31.3.24 £32,380 £46,891 £79,271 De At 1,4.23 Charge for period On disposals I'eciation 8,410 2,590 22,515 3,793 30,925 6,383 At 31,3.24 £1 1,000 £26,308 £37,308 Net Book V At 31.3.25 £21,380 £20,583 £41963 At 31.3.24 £23,970 £20,176 £44,146 8. DEBTORS For Rooin Hire Pi'epayments 2025 2024 250 740 763 £763 £990 9. CRFDITORS Amounts falling due within one year- Accountancy Fees Acci'uals For Events Costs For Caretaker Costs 1,200 1,150 2200 836 167 425 450 £2,800 £3,628 10. RELATED PARTY TRANSACTIONS There were no related paity transactions during the year. 11. C.RANT INCOME Grant income is comprised of amounls received via the l(Kal authority (Rhondda Cynon Tatycounty Borough Council), which has been used to fund expenditure on facilities, equipment purchases, towards various community events aiid towards the cost of a community development officer (via the local authoi'ity).A grant was also received from the Coalfields Regcneration Trust. Page 10