Charity number: 1145741 Company number: 07775159 (England and Wales) The Queens Hall, Narberth Report of the Trustees and Unaudited Financial Statements For the year ended 05 April 2025 The Queens Hall, Narberth Contents Page For the year ended 05 April 2025 |Report of the Trustees|1 to 2| |---|---| |Independent Examiner's Report to the Trustees|3| |Statement of Financial Activities|4| |Statement of Financial Position|5| |Notes to the Financial Statements|6 to 12| |Detailed Statement of Financial Activities|13 to 14| ## The Queens Hall, Narberth Report of the Trustees For the year ended 05 April 2025 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 05 April 2025. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Chair's report** Once again, it is my privilege to introduce this report as the chairman of Trustees of The Queens Hall, Narberth. 2025 has been a year not without its challenges. Like many other charities across the UK, we have had to knuckle down and deal with a very different kind of business post pandemic. This we have done.Admiraly. The team of staff, volunteers, and Trustess of The Queens Hall, Narberth, have had to be flexible in their approach to their work to ensure that the best experience is achieved for all. Our tenants left early, due in part to the reduction in the available disposable income in the county. We will shortly be opening the restuarant area as a music bar, which we hope will compliment our presence in the area and enhance our offerings here at teh Queens Hall. We are in a strong position, and this will continue with teamwork and positive management. I am proud of my position, and my friends and colleagues for the faith they have in me, and of course, The Queens Hall, Narberth. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity's objectives are set out in it's Articles of Association, which is its governing document. The object of the charity is to further benefit the residents of Narberth, in the community of Pembrokeshire, without distinction of gender, sexual orientation, age, marriage or civil partnership status, race or of political, religious or other opinions by associating together the said residents and local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for artistic activity including visual arts, music and theatre and recreation leisure time occupation with the objective of improving the conditions of life for the residents. The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **FINANCIAL REVIEW** ## **Significant events** The bar continues to contribute to the charitable aims. This year has been a particular difficult one, with the country's economic downturn, meaning people have less disposable income to attend events, along with the tenants leaving early from the restaurant downstairs. It has definitely been a challenge. But we are still here, and will shortly open the restauraunt area as a music bar, which should compliment the Queens Hall. The Charity now enjoys a high standard of management and an great team, which I am sure is capable of providing strong results in the years to come. ## **Going concern** The Trustees are confindent that the charity is capable of continuing even after the large cash loss in the year. Steps have been undertaken during the summer of 2023 which significantly improves the spread of responisibility throughout the organisation. These steps have redued the opportunity in those cash losses arising again. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity was previously known as the Queens Hall, Narberth. On 15th September 2011 Queens Hall Narberth was incorporated as a charitable company, limited by guarantee. On 1st January 2012 the activities of the unincorporated charity were transferred into the charitable company. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** The Queens Hall, Narberth **Charity registration number** 1145741 **Company registration number** 07775159 **Principal address** Queens Hall High Street Narberth 1 of 14 The Queens Hall, Narberth Report of the Trustees Continued For the year ended 05 April 2025 ||Pembrokeshire| |---|---| ||SA67 7AS| |**Trustees**|| |The trustees and officers serving during the year and since the year|| ||Mr C D Goldthorpe| ||Ms G G Cole| ||John Crisp| ||Ian Gravell| |**Independent examiners**|A S Harries| ||2nd Floor| ||9 Victoria Place| ||Haverfordwest| ||Pembrokeshire| ||SA61 2JX| |**Solicitors**|Martin Everitt| ||Darwin Bowie Ltd| ||24 High Street| ||Narberth| ||Pembrokeshire| ||SA67 7AR| |Approved by the Board of Trustees and signed on its behalf by|| |.............................................................................
01 October 2025|| |Ian Gravell|| The trustees and officers serving during the year and since the year end were as follows: 2 of 14 ## The Queens Hall, Narberth Independent Examiners Report to the Trustees For the year ended 05 April 2025 I report to the trustees on my examination of the accounts of the charitable company for the year ended 05 April 2025. ## **Responsibilities and basis of report** As the charity Trustees, who are also directors for the purposes of company law, 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 are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiners statement - matter of concern identified** Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their 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 other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Prior to September 2023 there were issues with cash controls and a lack of recording was present. I am satisfied that from September 2023 that the cash controls in place are working and that correct recording is being made of all accounting transactions. The controls for the year ended 5th April 2025 appear much stronger and are under constant review. This should avoid any issues going forward. A S Harries 2nd Floor 9 Victoria Place Haverfordwest Pembrokeshire SA61 2JX 01 October 2025 3 of 14 ## The Queens Hall, Narberth ## Statement of Financial Activities (including Income and Expenditure Account) For the year ended 05 April 2025 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Other trading activites
3
Fund raising events
Shop income
Sponsorship
Miscellaneous Income
Investments
4
Income from investment
properties
**Total**
**Expenditure on:**
Raising funds
5
Costs of generating donations
and legacies
Charitable activities
6/7
Miscellaneous Income
Raising funds
**Total**
Net gains/(losses) on investments
**Other recognised gains/losses**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
59,988
58,966
194,754
85
70,394
29,936
**414,123**
)
(950
)
(7,353
)
(323,301
**)**
**(331,604**
-
**82,519**
454,767
**537,286**|**Restricted**
**funds**
**£**
97,423
-
-
-
-
-
**97,423**
-
-
)
(97,423
**)**
**(97,423**
-
**-**
47,040
**47,040**|**2025**
**£**
157,411
58,966
194,754
85
70,394
29,936
**511,546**
)
(950
)
(7,353
)
(420,724
**)**
**(429,027**
-
**82,519**
501,807
**584,326**|**2024**
**£**
20,068
64,737
314,522
16
60,589
33,805
**493,737**
)
(900
)
(9,764
)
(451,479
**)**
**(462,143**
)
(35,970
**)**
**(4,376**
506,183
**501,807**| |---|---|---|---|---| 4 of 14 Registered Number : 07775159 ## The Queens Hall, Narberth Statement of Financial Position As at 05 April 2025 |**Notes**
**Fixed assets**
Tangible assets
12
**Current assets**
13
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within one year**
14
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
15
**Net assets**
**The funds of the charity**
Restricted income funds
16
Unrestricted income funds
16
**Total funds**|**£**
**2025**
555,175
**555,175**
26,266
50,280
**76,546**
)
(37,253
**39,293**
**594,468**
)
(10,142
**584,326**
47,040
537,286
**584,326**|**£**
**2024**
506,581
**506,581**
24,706
32,797
**57,503**
)
(45,474
**12,029**
**518,610**
)
(16,803
**501,807**
47,040
454,767
**501,807**| |---|---|---| For the year ended 05 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 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, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with 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. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mr C D Goldthorpe Trustee 01 October 2025 5 of 14 The Queens Hall, Narberth Notes to the Financial Statements For the year ended 05 April 2025 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. The Queens Hall, Narberth meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |Plant and Machinery|20 Reducing balance| |---|---| |Computer Equipment|20 Reducing balance| |Motor Vehicles|25 Reducing balance| |Fixtures and Fittings|20 Reducing balance| ## **2. Income from donations and legacies** |Donations received
Grants received|**Unrestricted**
**funds**
**£**
2,033
57,955
**59,988**|**Restricted**
**funds**
**£**
-
97,423
**97,423**|**2025**
**£**
2,033
155,378
**157,411**|**2024**
**£**
10,598
9,470
**20,068**| |---|---|---|---|---| ## **3. Income earned from other activities** |**Unrestricted funds**
Hire of Hall
Shop income
Sponsorships
Miscellaneous Income|**2025**
**£**
58,966
194,754
85
70,394
**324,199**|**2024**
**£**
64,737
314,522
16
60,589
**439,864**| |---|---|---| 6 of 14 ## The Queens Hall, Narberth Notes to the Financial Statements Continued For the year ended 05 April 2025 ## **4. Investment income** |**Unrestricted funds**
Income from investment
properties
**Expenditure on generating donations and legacies**
**Unrestricted funds**
Support costs
**Costs of charitable activities by fund type**
Raising funds
Support costs
**Costs of charitable activities by activity type**
**Grant funding of activities**
Miscellaneous Income
Raising funds
**Analysis of support costs**
Governance costs|**Unrestricted**
**funds**
**£**
323,301
7,353
**330,654**
**Activities**
**undertaken**
**directly**
**£**
-
420,724
**420,724**|**Restricted**
**funds**
**£**
97,423
-
**97,423**
**Grant**
**funding of**
**activities**
**£**
-
-
**-**|**2025**
**£**
29,936
**29,936**
**2025**
**£**
950
**950**
**2025**
**£**
420,724
7,353
**428,077**
**2025**
**£**
7,353
420,724
**428,077**
**2025**
**£**
8,303|**2024**
**£**
33,805
**33,805**
**2024**
**£**
900
**900**
**2024**
**£**
451,479
9,764
**461,243**
**2024**
**£**
9,764
451,479
**461,243**
**2024**
**£**
10,664| |---|---|---|---|---| ## **5. Expenditure on generating donations and legacies** ## **6. Costs of charitable activities by fund type** ## **7. Costs of charitable activities by activity type** ## **8. Analysis of support costs** 7 of 14 The Queens Hall, Narberth Notes to the Financial Statements Continued For the year ended 05 April 2025 ## **9. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Accountancy fees|950|900| ## **10. Staff costs and emoluments** Total staff costs for the year ended 05 April 2025 were: |Salaries and wages
Administrative|**2025**
**£**
153,015
**153,015**
**2025**
10
**10**|**2024**
**£**
139,476
**139,476**
**2024**
5
**5**| |---|---|---| 8 of 14 ## The Queens Hall, Narberth Notes to the Financial Statements Continued For the year ended 05 April 2025 ## **11. Comparative for the Statement of Financial Activities** |**Income and endowments from:**
Donations and legacies
Other trading activites
Investments
**Total**
**Expenditure on:**
Charitable activities
**Total**
Net gains/(losses) on investments
**Other recognised gains/losses**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
10,598
439,864
33,805
**484,267**
)
(455,105
**)**
**(455,105**
)
(35,970
**)**
**(6,808**
462,475
**455,667**|**Restricted**
**funds**
**£**
9,470
-
-
**9,470**
)
(6,138
**)**
**(6,138**
-
**3,332**
43,708
**47,040**|**2024**
**£**
20,068
439,864
33,805
**493,737**
)
(461,243
**)**
**(461,243**
)
(35,970
**)**
**(3,476**
506,183
**502,707**| |---|---|---|---| ## **12. Tangible fixed assets** |**Cost or valuation**
At 06 April 2024
Additions
Disposals
At 05 April 2025
**Depreciation**
At 06 April 2024
Charge for year
At 05 April 2025
**Net book values**
At 05 April 2025
At 05 April 2024|**Land and**
**Buildings**
**£**
407,828
-
-
**407,828**
-
-
**-**
**407,828**
**407,828**|**Plant and**
**Machinery**
**£**
49,609
2,211
)
(461
**51,359**
6,872
6,673
**13,545**
**37,814**
**42,737**|**Fixtures and**
**Fittings**
**£**
256,917
52,722
-
**309,639**
204,957
-
**204,957**
**104,682**
**51,960**|**Computer**
**Equipment**
**£**
4,056
795
-
**4,851**
-
-
**-**
**4,851**
**4,056**|**Total**
**£**
718,410
55,728
)
(461
**773,677**
211,829
6,673
**218,502**
**555,175**| |---|---|---|---|---|---| ||||||**506,581**| The depreciation charge for the year is £(793) in respect of assets leased under finance leases or hire purchase contracts. 9 of 14 ## The Queens Hall, Narberth Notes to the Financial Statements Continued For the year ended 05 April 2025 ## **13. Debtors** |**Amounts due within one year:**
Trade debtors
Other debtors
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income
**Creditors: amounts falling due after more than one year**
Loans and overdrafts|**2025**
**£**
26,248
18
**26,266**
**2025**
**£**
37,021
)
(2,178
2,410
**37,253**
**2025**
**£**
10,142
**10,142**|**2024**
**£**
24,706
-
**24,706**
**2024**
**£**
31,033
12,406
2,035
**45,474**
**2024**
**£**
16,803
**16,803**| |---|---|---| ## **14. Creditors: amounts falling due within one year** ## **15. Creditors: amounts falling due after more than one year** ## **16. Movement in funds** ## **Unrestricted Funds** |_General_
General|**Balance at**
**06/04/2024**
**£**
454,767
**454,767**|**Incoming**
**resources**
**£**
414,123
**414,123**|**Outgoing**
**resources**
**£**
)
(331,604
**)**
**(331,604**|**Gains and**
**losses**
**£**
-
**-**|**Balance at**
**05/04/2025**
**£**
537,286
**537,286**| |---|---|---|---|---|---| 10 of 14 ## The Queens Hall, Narberth Notes to the Financial Statements Continued For the year ended 05 April 2025 ## **Unrestricted Funds - Previous year** |_General_
General
**Restricted Funds**
Grant funding
**Restricted Funds - Previous year**
Grant funding
**Purpose of restricted funds**|**Balance at**
**06/04/2023**
**£**
462,475
**462,475**|**Incoming**
**resources**
**£**
484,267
**484,267**
**Balance at**
**06/04/2024**
**£**
47,040
**47,040**
**Balance at**
**06/04/2023**
**£**
43,708
**43,708**|**Outgoing**
**resources**
**£**
)
(456,005
**)**
**(456,005**
**Incoming**
**resources**
**£**
97,423
**97,423**
**Incoming**
**resources**
**£**
9,470
**9,470**|**Gains and**
**losses**
**£**
)
(35,970
**)**
**(35,970**
**Outgoing**
**resources**
**£**
)
(97,423
**)**
**(97,423**
**Outgoing**
**resources**
**£**
)
(6,138
**)**
**(6,138**|**Balance at**
**05/04/2024**
**£**
454,767
**454,767**
**Balance at**
**05/04/2025**
**£**
47,040
**47,040**
**Balance at**
**05/04/2024**
**£**
47,040
**47,040**| |---|---|---|---|---|---| ## Grant funding The general funds are held for general charitable purposes as deemed appropriate by the Trustee's. ## **17. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Restricted funds**
Grant funding|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
555,175
35,961
)
(10,142
580,994
-
3,332
-
3,332
**555,175**
**39,293**
**)**
**(10,142**
**584,326**| |---|---| 11 of 14 ## The Queens Hall, Narberth Notes to the Financial Statements Continued For the year ended 05 April 2025 ## **Previous year** |**Unrestricted funds**
_General_
General
**Restricted funds**
Grant funding|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
506,581
8,697
)
(16,803
498,475
-
3,332
-
3,332
**506,581**
**12,029**
**)**
**(16,803**
**501,807**| |---|---| 12 of 14 ## The Queens Hall, Narberth Detailed Statement of Financial Activities For the year ended 05 April 2025 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Queens Hall Grants
**Other trading activities**
Hire Of Hall
Queen'S Hall Events
Bar Income
Payphone And Photocopying
Income From Miscellaneous Income
**Investments**
Rents Received
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Staff Costs - Wages & Salaries (Raising Funds)
Light, Heat And Water Charges (Raising Funds)
Telephone (Raising Funds)
Postage And Stationery (Raising Funds)
Sundries (Raising Funds)
Repairs & Renewals (Raising Funds)
Licences & Permits (Raising Funds)
Adverts (Raising Funds)
Queens Hall Event Expenses (Raising Funds)
Bad Debts Written Off (Raising Funds)
Bar Costs (Raising Funds)
Bar Wages (Raising Funds)
Cost Of Grant Funded Charitable Activity
(Raising Funds)
**SUPPORT COSTS**
**Governance costs**
Accountancy Fees
Household & Cleaning (Miscellaneous Income)
Interest Payable (Miscellaneous Income)
Bank Charges (Miscellaneous Income)
**Total resources expended**
**NET INCOME BEFORE GAINS AND LOSSES**
**Other recognised gains and losses**|**£**
**2025**
2,033
155,378
**157,411**
58,966
63,084
131,670
85
70,394
**324,199**
29,936
**29,936**
**511,546**
)
(153,016
)
(22,887
)
(1,522
)
(3,345
)
(7,216
)
(14,845
)
(9,141
)
(9,126
)
(89,373
)
(12,740
)
(80,875
)
(16,638
-
**)**
**(420,724**
)
(950
)
(3,185
)
(793
)
(3,375
**)**
**(8,303**
**)**
**(429,027**|**£**
**2024**
10,598
9,470
**20,068**
64,737
211,961
102,561
16
60,589
**439,864**
33,805
**33,805**| |---|---|---| |||**493,737**
)
(139,476
)
(36,385
)
(1,246
)
(2,503
)
(11,508
)
(13,729
)
(6,353
)
(9,653
)
(169,505
-
)
(38,760
)
(9,288
)
(13,073
**)**
**(451,479**
)
(900
)
(3,365
)
(454
)
(5,945
**)**
**(10,664**| |||**)**
**(462,143**| 13 of 14 This page does not form part of the statutory financial statements ## The Queens Hall, Narberth Detailed Statement of Financial Activities Continued For the year ended 05 April 2025 Unauthorised Cash Withdrawal **Net income before gains and losses** ## **Net Income** |-
**-**
**-**
**82,519**|)
(35,970| |---|---| ||**)**
**(35,970**| ||**)**
**(35,970**
**)**
**(4,376**| 14 of 14 This page does not form part of the statutory financial statements