Company Number 7595694 Charlty Number 1144202 PRESTEIGNE YOUTH PROJECT LIMITED (A company limlted by guarantee and not havlng a share capltal) REPORT OF THE DIREcfoRS & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" March 2025 Page | I
. PRESTEIGNE YOUTH PROJE LIMITED (A company limsted by guarantee and not havin8 a share capltall 'CONTENTS OF THE FINANCIAL STATEMENTS For the Year Ended 31" March 2025 Company Informatlon Page 2 Report of the Trustees Page 3 Income and Expendlture Account Page 4 Balance Sheet Page 5 Notes to the flnanclal statements Page 6 Inspectorfs report Page 7 COMPANY INFORMATION For the Year Ended 31" March 2025 Re8lstered Charlty Name: Presteigne Youth Project Limited Trustees: the trustees, who are a150 dlrectors for the purposes of company law, who served during the year were as follows: Mrs D M King, OBE Ms C E Powell T S Wells Secretary: Mrs D M Klng, OBE Company Number: 7595694 Charlty Number; 1144202 Prlnclpal Offlce: The Cotta8e, 5cottleton Street, Presteigne, Powys LD8 2BL Pagel 2
PRESTEIGNE YOUTH PROJECT LIMITED (A company limited by guarantee and not havlng a share capltal) REPORT OF THE DIREcfoRS For the Year Ended 31" March 2025 The trustees of the Charity, (who are also directors of Prestelgne Youth Project Limited for the purposes of company law), present their report with the financial statements of the company for the year ended 31" March 2025. The company is incorporated as a company limited byguarantee and not having a share capltal and istherefore governed by its memorandum and articles. The liability of its members is limited by its Articles of Association. The charity's objects areto advance in life and help young people who live in Presteigne and the surrounding area through: (l) The provision of recreational and leisure time activities provided In the interest of social welfare, designed to improve their conditions of life. {21 Providing support and actlvities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. PRINCIPAL ACTIVITIES The principal artivity of the company is the provision and maintenance of a youth centre and all associated actlvltles. FINANCIAL REVIEW The results forthe year are set out on page 3, There ha5 been substantial expenditure on refurblshment and maintenance of the building made possible with receipt of 8rants from National Lottery and Wales government. Work will continue into the next financial year and so there are reserved funds of £12370. The trustees considerthat the unreserved balance on the Accumulated Fund, an aggregate surplus on 31, March 2025 of £6824 achieved on the activities of the company to that date is adequate and the present level of funding Is adequate to support the regular planned activlties of the company. Further external funding will be needed to continue with bullding Improvements, Trustees have agreed to amend the financlal year to be I, April through to 31, March, also to move from accruals to cash based accounting wlth effect from the start of thi5 year of accounting. DIRECTORS The trustees who are also directors named on page two served durlng the year. SMALL COMPANY RULES Thls report has been prepared in accordance with the special provisions for small Companles under Part 15 of the Companies Act 2006. Signed on behalf the board T. g uZLL.£ Director Date Page13
PRESTEIGNE YOUTH PROJECT LIMITED (A company limited by guarantee and not havfng a share capital) STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31" March 2025 2025 2024 INCOME Hall Hire Income Town Council Grant lannuall Gift Aid Grants (not annuall Membership Subscriptions Donations Youth club income Isubscriptlons and calél Miscellaneou5 5ncome Café Takings TOTAL INCOME 5927 iooo 6177 iooo 26484 loo 199 427 237 33838 7476 DIRECT EXPENSES Café Stocking Cost5 Computer Set Up Costs Youth workers Licences- PPL and PRS Trip5 and Events Equipment Misc youth club expenditure TOTAL DIREcf EXPENSES 138 30 1385 170 1400 521 125 1723 2046 TOTAL SURPLUS OVER DIRECT EXPENSES 32115 5430 INDIREcf EXPENSES Insurances Electricitv Cleanlng Miscellaneous Broadband Funded improvements Water Office Costs Building Maintenance Equipment Bank Charges TOTAL INDIREcf EXPENSES 1526 2078 755 1486 2170 320 2559 338 352 14115 261 206 250 346 64 7,526 72 19746 14476 SURPLUS (LOSS) FOR YEAR 12369 -9247 The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to contlnuing activltles. The accounts for 2025 have been prepared on a cash basis. Page14
PRESTEIGNE YOUTH PROJEcf LIMITED (A company limited by guarantee and not havlng a share capltal) BALANCE SHEEr As at 31" March 2025 2025 2024 Flxed assets Current assets Debtor5 Cash at Bank and PYC Prepayments Total assets 310 6825 19194 19194 7135 Current Llabilities Credit notes held by hirers Hlre fees received in advance Credltors: amounts due within one year Total Ilabllltles -1831 -1831 Total assets less current liabllitles 19194 5304 Capltal and reserves General reserves brought forward Income and Expenditure Account 6824 14588 12370 -9247 19194 12370 5341 Reserved Donations Total reserves carrled lonvard 6824 5341 For the year endln8 31" March 2025, the company was entltled to exemptlon from audlt under sectlon 477 of the Companies Act 2006 (the "ACV'I relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. The trustees acknowledgetheir responsibilities for complying with the requlrements of section 386 ofthe Act wlth respect to accounting records and the preparation of accounts, These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These flnancial statements have been prepared In accordance w5th the speclal provlslons of the Act relating to small companies and the Financial Reporting Standard for Smaller Entitles {effectlve January 2015) and were approved by the board on 19 D er I b-ÈLK Date: *January 2026 nd signed on its ehal Dlrector The notes oft po9e 6form part ol thestfvnoneiol stotements. Page | 5
PRESTEIGNE YOUTH PROJECT LIMITED (A company Ilmlted by guarantee and not havlng a share capltal) NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31" March 2025 I. ACCOUNTING POLICIES Basls of Accounting The financial statements have been prepared under the cash basis convention and include the results of the company's operations which are described in the Directors, Report and all of which are Contlnulng. The financial statements have been prepared with the Financial Reporting Standard for Smaller Entities (effective January 20151. Value Added Tax Is not recoverable by the company, and a5 such is included in costs in the Statement of Flnancial Activitles. 2. SHARE CAPITAL The company is limited by guarantee without a share capital. Every member of the company undertakes to contribute such amounts not exceeding £1 as may be required to the compan¢s assets if it be wound up while they are a member or within one year after they cease to be a member, for payment of the company's debts and liabllities contracted before they cease to be a member and the costs, char8es and expenses of winding up, and for the adjustments of the rights of the contributories themselves. 3. INCOMING RESOURCES AND RESTRicfED FUNDS Any restricted incoming resources are accounted for separately. The respective balances on restricted and unrestricted funds are as follows; 2025 2024 Restrlcted Income Funds Unrestricted Income Funds Total Funds 12370 6824 19194 5341 5341 Pagel 6
PRESTEIGNE YOUTH PROJECT LIMITE[) (A company Ilmited by guarantee and not havlng a share capltal) Report to the members on the unaudited accounts Year ended 31" March 2025 I have inspected the accounts for the year ending 31, March 2025 and, in my opinion, they meet the bookkeeping requlrements set out in the Companies Act of 2006 section 386. The records show and explain the business transactions for the period and accurately disclose the financial position of the company at the said date. Name: Date: Pagel 7