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← Tylorstown Welfare Hall Limited

2025-03-31-accounts

Company Registration Number: 08339362

Charity Registration Number: 1151259

Tylorstown Welfare Hall Limited

Company Limited by Guarantee

Trustees Annual Report and Financial Statements

for the Year Ended 31 March 2025

Tylorstown Welfare Hall Limited

Contents

Page
Information 1
Trustees' Report 2 - 5
Independent Examiners' Report 6
Statement of Financial Activities 7
Balance Sheet 8 - 9
Notes to the Financial Statements 10 - 19

Tylorstown Welfare Hall Limited

Reference and Administrative Information

Company Registration Number 08339362 Charity Registration Number 1151259

The Trustees who served in office throughout the year were as follows -

Ashar Smith (Appointed 1 August 2025) Bryn Williams Ceri Hunt Dawn Berrington (Resigned 1 August 2025) Eva Mary Thomas Joshua Vaughan (Appointed 1 August 2025) Lynsey Holley Matthews Samuel Stensland Sharon Berrington (Appointed 1 August 2025) Wayne Carter (Appointed 1 August 2025) William Richards Manager Rebecca Sullivan Website https://www.tylorstownwelfarehall.co.uk/ Registered Office Tylorstown Welfare Hall Ltd East Road Tylorstown Ferndale CF43 3DA Independent Examiner R. H. Jeffs & Rowe Ltd Chartered Accountants 27/28 Gelliwastad Road Pontypridd CF37 2BW Bankers Barclays Bank UK PLC 1 Churchill Place London E14 5HP

Page 1

Tylorstown Welfare Hall Limited

Trustees' Annual Report for the Year Ended 31st March 2025

The Trustees (who are also Directors of the charitable company for the purposes of company law) present their annual report together with the financial statements of Tylorstown Welfare Hall Limited ('the Charity') for the Year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 10 and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP FRS 102) and the Companies Act 2006. This report also represents the Directors' Report as required by company law. The Charity continues to manage Tylorstown Welfare Hall ('the Hall') which is the building standing at the registered address noted in this report.

Chair's Introduction

The year 2024-2025 has been incredibly significant for Tylorstown Welfare Hall, with a rising number and variety of accessible, enriching, and enjoyable activities being made available to local people through a growing range of local and regional connections and partnerships.

Through the year, we've built on our solid foundation of regular community activities - welcoming coffee mornings, exercise classes, well-attended family prize bingo, plays, choir performances, pantomimes, and parent and toddler sessions - to branch out into new exciting opportunities for local people. From live wrestling to live musical performances from the likes of rising local star Otto Aday, and Welsh-Arabic songwriter Hemes, through to diverse theatre groups and musicians, this growing programme of activity is helping to secure our Hall on the map of South Wales' cultural scene. Positive experiences enjoyed by the over 1000 monthly visitors and growing range of hiring organisations has helped the space become host to larger-scale community events including Rhondda Arts Festival.

This year saw the Hall continue to progress through the Development Phase of a planned refurbishment at pace, working alongside the National Lottery Heritage Fund, RIBA-certified architects Thread, and key local partners to map out a sustainable future for the Hall. In Summer 2024, in partnership with community and heritage specialists Gareth Kiddie Associates, we held an open and far-reaching community consultation, speaking with hundreds of local people to understand how they use their facility, and how they'd like to see it improve in future. This resulted in the production of a detailed Activity Plan to underpin our ambitions for the coming 5 years. This period has laid the foundation for the incredibly exciting task of renovating and equipping the Hall to secure a more accessible, welcoming, multi-use future for this vital community asset.

Structure Governance and Management

The Charity is a charitable company limited by guarantee and governed by its Articles of Association. All Members of the Board are independent unremunerated trustees. During this period the Board appointed a new Trustee to improve its diversity of experience and skills. We employ a Project Director ('the Manager') to undertake the day-to-day management, liaise with the community, and develop and nurture relationships with current and prospective funders. Their work is supported by the efforts of many local volunteers who help to run the Hall's events and activities.

Volunteers

The Trustees appreciate the contribution of all volunteers who have given time for the Hall during the year. Without them, our regular offering of accessible and inclusive activities would not be possible.

Risk Management

We ensure there is always effective communication between Trustees, the Manager and volunteers, with regular Trustee meetings alongside operational subgroups to provide strategic oversight on key decision-making procedures. We have a staff handbook, policies and procedure which are regularly reviewed. All Trustees, the Manager and volunteers have a Disclosure and Barring Service check where required.

Page 2

Tylorstown Welfare Hall Limited

Trustees' Annual Report for the Year Ended 31st March 2025

Principal risks include:

No major governance or financial control issues were identified during the year.

Objectives and Activities for Public Benefit

The Charity is a limited company and registered charity, and the Trustees have regard for the Charity Commission's guidance on public benefit. The values of those responsible for the Hall's development are based around the desire to provide accessible and affordable opportunities for economic activity, self-improvement and self-reliance by creating a local centre run by local people for local people. The Charity's mission is to achieve this through:

Future Plans

The following plans are critical to the future of the Charity:

Page 3

Tylorstown Welfare Hall Limited

Trustees' Annual Report for the Year Ended 31st March 2025

Financial Review

This year has presented both challenges and opportunities for Tylorstown Welfare Hall. While we experience a modest financial deficit, mainly due to a reduction in grants and donations, we increased our income generated from hosted events and activities.

The pursuance of major capital and revenue grant funding will significantly enhance our facilities and community impact; mindful that future renovations will be designed to minimize the disruption to current users. This will enable the hall to utilise its resources effectively, increasing the level of income it is able to generate.

For the Year ended 31 March 2025 the Charity had total income of £232,557 (2024 : £251,885). £156,169 of this came from grants and donations (2024 : £179,784) whilst most of the remaining income came from charitable activities such as hall hire and the sale of goods within the building, and interest received. These totalled £76,388 (2024 : £72,101). Total expenditure came to £276,589 (2024 : £240,227).

Therefore the charity made a deficit for the year of £44,032 for the year having made a surplus of £11,658 in 2024.

At 31 March 2025 the Charity had total net assets of £31,130 (2024 : £75,162) having decreased from last year by the deficit from the Income & Expenditure account. £24,538 of these net assets relate to Restricted Funds (2024 : £34,694) leaving Unrestricted Funds of £6,592 (2024 : £40,468).

Reserves Policy

The Trustees aim to maintain unrestricted reserves equivalent to at least three months of core operating costs (approximately £25,000) to ensure stability during income fluctuations. At 31 March 2025, unrestricted reserves were £6,592, below the target level.

The Trustees are actively pursuing sustainable income streams and cost efficiencies to rebuild reserves in 2025–26.

Going Concern

The Trustees have considered the Charity’s financial position and future funding. Following receipt of additional National Lottery Heritage funding post year-end and ongoing community support, the Trustees consider the Charity to be a going concern for at least 12 months from the approval date of these financial statements.

Post Balance Sheet Events

Subsequent to the year end, legal title to Tylorstown Welfare Hall was transferred from Tylorstown Welfare Hall & Institute to the Charity. This represents a significant step toward securing the Hall’s long-term future and will be recognised in the 2026 accounts.

Statement of Trustees' Responsibilities

The Trustees (who are also the Directors for the purpose of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees must prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

Page 4

Tylorstown Welfare Hall Limited

Trustees' Annual Report for the Year Ended 31st March 2025

In preparing the financial statements the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees confirm that so far as they are aware, there is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the charitable company's auditors are unaware. They have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.

The report has been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

This report was approved by the Board of Trustees on 11 December 2025 and signed on its behalf by:

Bryn Williams Trustee

Page 5

Independent Examiner's Report to the Trustees of Tylorstown Welfare Hall Limited

I report to the Trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Tylorstown Welfare Hall Limited (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity's Trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and Basis of Report

As the Trustees of a charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the financial statements of the charitable 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 the charitable company's financial statements carried out under section 145 of the Charities Act 2011 ('the 2011 Act') and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.

Independent Examiner's Statement

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:

a) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

b) the financial statements do not accord with those records; or

c) the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair view which is not a matter considered as part of an independent examination; or

d) the financial statements 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 financial statements to be reached.

Mr. R E Thomas BSc FCA For and on Behalf of R. H. Jeffs & Rowe Ltd Chartered Accountants 27/28 Gelliwastad Road Pontypridd Date: 9 January 2026

Page 6

Tylorstown Welfare Hall Limited

Statement of Financial Activities for the Year Ended 31 March 2025

Total Total
Year to Year to
Notes Unrestricted Restricted 31/03/25 31/03/24
£ £ £ £
Income & Endowments
Voluntary Income:
Grants & Donations 2 1,502 154,667 156,169 179,784
Activities for Generating Funds:
Charitable Activities 2 76,373 - 76,373 72,101
Other Income:
Interest Received 2 15 - 15 -
Total Income & Endowments 77,890 154,667 232,557 251,885
Expenditure
Charitable Activities 3 110,206 164,823 275,029 238,847
Governance Costs 3 1,560 - 1,560 1,380
Total Expenditure 111,766 164,823 276,589 240,227
Movement in Total Funds for the Year:
Net Income/(Expenditure) for the Year (33,876 ) (10,156 ) (44,032 ) 11,658
Fund Balances Brought Forward 40,468 34,694 75,162 63,504
Fund Balances Carried Forward 6,592 24,538 31,130 75,162

The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

Page 7

Tylorstown Welfare Hall Limited

Balance Sheet as at 31st March 2025

Notes
Fixed Assets
Tangible Assets
7
Current Assets
Stocks
Debtors
8
Cash at Bank and in Hand
Creditors: Amounts Falling Due
Within One Year
9
Net Current Assets
Total Assets Less Current Liabilities
Net Assets
Funds
Restricted Funds
11
Unrestricted Funds
11
Total Funds		 2025
£
3,033
13,251
14,321
30,605
)
(39,669		 £
40,194
)
(9,064
31,130
31,130
24,538
6,592
31,130		 2024
£
3,020
13,251
28,275
44,546
)
(15,327		 £
45,943
29,219
75,162
75,162
34,694
40,468
75,162

Page 8

Tylorstown Welfare Hall Limited

Balance Sheet (continued) as at 31 March 2025

Directors' Statements Required by Sections 475 (2) and (3)

For the Year ended 31 March 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 in accordance with section 476 of he Companies Act 2006; and

The Board of Trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Under Companies Act 2006, S454, on a voluntary basis, the trustees can amend these financial statements if they subsequently prove to be defective.

The notes on pages 10 - 19 form part of these accounts.

These accounts were approved by the Board of Trustees on 11 December 2025, and are signed on their behalf by:

Bryn Williams

Trustee

Company Registration Number 08339362

The notes on pages 10 to 19 form an integral part of these financial statements.

Page 9

Tylorstown Welfare Hall Limited

Notes to the Financial Statements for the Year Ended 31st March 2025

Statutory Information

Tylorstown Welfare Hall Limited is a registered charity and private company limited by guarantee having no share capital. The company is incorporated in Wales in the United Kingdom. The registered office is East Road, Tylorstown, Rhondda, CF45 3DA. The nature of the Charity's operations and principal activities is disclosed within the Trustees Report.

The financial statements are presented in Sterling (£), the Charity's functional currency, and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1. Accounting Policies

1.1. Basis of Preparation and Assessment of Going Concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard, applicable in the United Kingdom and Republic of Ireland (FRS 102); and the Charities Act 2011.

The Charity constitutes a public benefit entity as defined by FRS 102.

1.2. Going Concern

Having considered the year ahead, the Trustees consider that there are no material uncertainties about the Hall's ability to continue as a going concern. This is due to the funding received from Heritage Lottery Fund and additional new funding received post year end.

1.3. Taxation

The Charity, being registered, is exempt from Corporation Tax.

1.4. Fund Accounting

The unrestricted funds of the Charity comprise those monies which are available to be used towards the meeting of the charitable objectives of the charity at the discretion of the Trustees.

The restricted funds are monies raised or received for a specific purpose and accounted for in accordance with the donors' imposed conditions.

1.5. Volunteers

The Welfare Hall could not exist without the services of the many volunteers that help throughout the year. The value of services provided by volunteers is not incorporated into these financial statements.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Furniture & Equipment:

Page 10

Tylorstown Welfare Hall Limited

Notes to the Financial Statements

for the Year Ended 31st March 2025

1.7. Income & Endowments

All incoming resources are included in the Statement of Financial Activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

1.8. Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Expenditure includes any value added tax (VAT) which cannot be fully recovered.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and costs linked to the strategic management of the Charity.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

1.9. Stock

Stock is calculated at the lower of cost and net realisable value for each item of stock held at the period end date.

1.10. Debtors

Trade debtors and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any discounts due.

1.11. Creditors

Creditors are recognised where the Charity has a present 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 reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 11

Tylorstown Welfare Hall Limited

Notes to the Financial Statements for the Year Ended 31st March 2025

1.12. Concessionary Loans

Concessionary loans are loans made or received by the charity to further its charitable purposes at below-market rates of interest. They are initially recognised at the amount paid or received and adjusted for repayments and any impairment losses. Interest, if charged, is recognised on an accruals basis. Loans are not held for investment return but to advance the charity’s aims.

1.13. Financial Instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. Income & Endowments

Included within Income & Endowments for the Year are:

Income & Endowments
Included within Income & Endowments for the Year are:
Total Total
2025 2024
£ £
Grants & Donations:
Rhondda Cynon Taff County Borough Council 30,939 9,218
Coalfields Regeneration Trust - 960
National Lottery Heritage Fund 123,728 167,502
Other Grants 800 -
Donations 702 2,104
156,169 179,784
Charitable Activities:
Hall Hire and Tickets 34,317 28,171
Bar Income 10,649 15,392
Bingo and Raffle 12,798 14,020
Shop Sales 8,991 7,367
Coffee Shop Sales 9,618 7,151
76,373 72,101
Other Income:
Bank Interest Received 15 -
15 -
Total Income & Endowments 232,557 251,885

Grants - National Lottery Heritage Fund

Money has been granted to the charity towards the project for the restoration of the Welfare Hall building.

Page 12

Tylorstown Welfare Hall Limited

Notes to the Financial Statements

for the Year Ended 31st March 2025

3.
Expenditure
Basis of Administration
Allocation
Costs
£
Costs Directly Allocated to Activities
Wages & Salaries including Taxes
Direct
60,970
Bar & Shop Purchases
Direct
-
Bingo Costs
Direct
-
Events
Direct
-
Total Costs Directly Allocated to Activities
60,970
Support Costs Allocated to Activities
Equipment Costs
Direct
1,139
Licences
Direct
1,186
Insurance
Direct
6,073
Water, Light and Heat
Direct
12,832
Cleaning
Direct
238
Repairs and Maintenance
Direct
2,527
Printing, Postage and Stationery
Direct
960
Telephone
Direct
2,051
Computer Costs
Direct
3,496
Legal and Professional Fees
Direct
-
Independent Examiner Fees
Direct
-
Accountancy and Payroll Fees
Direct
552
Bank Charges
Direct
2,561
General Expenses
Direct
1,046
Charitable donations
Direct
-
Depreciation on Fixtures & Equipment
Direct
-
Other Expenses
Direct
-
Total Support Costs Allocated to Activities
34,661
Total Expenditure
95,631		 Bar &
Shop
£
-
14,370
-
-
14,370
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
14,370		 Entertainment Refurbishment
Other
Governance
Total
Total
Bingo
and Events
Project
Costs
Costs
2025
2024
£
£
£
£
£
£
£
-
-
-
-
-
60,970
58,081
-
-
-
-
-
14,370
17,518
9,045
-
-
-
-
9,045
9,755
-
11,584
-
-
-
11,584
11,429
9,045
11,584
-
-
-
95,969
96,783
-
-
-
-
-
1,139
958
-
-
-
-
-
1,186
990
-
-
-
-
-
6,073
5,977
-
-
-
-
-
12,832
15,401
-
-
-
-
-
238
229
-
-
-
-
-
2,527
11,857
-
-
-
-
-
960
442
-
-
-
-
-
2,051
2,051
-
-
-
-
-
3,496
3,119
-
-
119,327
19,323
-
138,650
90,936
-
-
-
-
1,560
1,560
1,380
-
-
-
-
-
552
383
-
-
-
-
-
2,561
1,949
-
-
-
-
-
1,046
881
-
-
-
-
-
-
164
-
-
-
5,749
-
5,749
6,502
-
-
-
-
-
-
225
-
-
119,327
25,072
1,560
180,620
143,444
9,045
11,584
119,327
25,072
1,560
276,589
240,227		 Entertainment Refurbishment
Other
Governance
Total
Total
Bingo
and Events
Project
Costs
Costs
2025
2024
£
£
£
£
£
£
£
-
-
-
-
-
60,970
58,081
-
-
-
-
-
14,370
17,518
9,045
-
-
-
-
9,045
9,755
-
11,584
-
-
-
11,584
11,429
9,045
11,584
-
-
-
95,969
96,783
-
-
-
-
-
1,139
958
-
-
-
-
-
1,186
990
-
-
-
-
-
6,073
5,977
-
-
-
-
-
12,832
15,401
-
-
-
-
-
238
229
-
-
-
-
-
2,527
11,857
-
-
-
-
-
960
442
-
-
-
-
-
2,051
2,051
-
-
-
-
-
3,496
3,119
-
-
119,327
19,323
-
138,650
90,936
-
-
-
-
1,560
1,560
1,380
-
-
-
-
-
552
383
-
-
-
-
-
2,561
1,949
-
-
-
-
-
1,046
881
-
-
-
-
-
-
164
-
-
-
5,749
-
5,749
6,502
-
-
-
-
-
-
225
-
-
119,327
25,072
1,560
180,620
143,444
9,045
11,584
119,327
25,072
1,560
276,589
240,227
96,783
958
990
5,977
15,401
229
11,857
442
2,051
3,119
90,936
1,380
383
1,949
881
164
6,502
225
143,444
240,227

Page 13

Tylorstown Welfare Hall Limited

Notes to the Financial Statements for the Year Ended 31st March 2025

Legal and Professional Fees

The legal and professional fees incurred during the year relate primarily to the planned restoration and redevelopment of Tylorstown Welfare Hall. These costs comprise professional services provided by planning consultants, architects, and structural engineers, engaged to undertake feasibility studies, planning applications, and structural assessments as part of the National Lottery Heritage Fund–supported capital development programme.

Page 14

Tylorstown Welfare Hall Limited

Notes to the Financial Statements for the Year Ended 31st March 2025

4. Staff and Trustee Costs

The average number of paid employees during the Year was 3 (2024 : 3).

Other than as disclosed in note 5, the Trustees received no remuneration or benefit in connection with the performance of their duties as trustees.

No Trustees' expenses occured during the year.

Volunteers play a crucial role in the running of the Hall and without their time and effort the Hall would not have been able to run the way it has done in the last few years.

No employee was paid £60,000 or more during the Year (2024 : Nil).

The Charity operates a defined contribution pension scheme for eligible employees in accordance with the requirements of the auto-enrolment legislation. Contributions are paid into employees’ individual pension plans with a registered provider. The Charity’s contributions during the year totalled £2,995 (2024 : £2,818).

Total Total
2025 2024
£ £
Net Wages Paid (Key Management) 44,071 40,366
Other Wages Paid 5,360 5,360
PAYE & Employees National Insurance 8,544 9,537
Pension Costs 2,995 2,818
Total Wages Costs 60,970 58,081

5. Related Party Transactions

Dawn Berrington, a Trustee of the charity, was paid a salary of £20,160 (2024 : £19,664) for working in the Hall thoroughout the period. Whenever her role or pay was discussed by the Trustees, she was excused from the meeting for the duration of the discussion and any votes about those matters. No remuneration was paid for her role as a trustee.

Page 15

Tylorstown Welfare Hall Limited

Notes to the Financial Statements for the Year Ended 31st March 2025

6. Comparatives for the Statement of Financial Activities

Total
Unrestricted Restricted 2024
£ £ £
Income and Endowments
Voluntary Income:
Grants & Donations 2,104 177,680 179,784
Activities for Generating Funds:
Charitable Activities 72,101 - 72,101
Other Income:
Total Income and Endowments 74,205 177,680 251,885
Expenditure
Charitable Activities 79,411 159,436 238,847
Governance Costs 1,380 - 1,380
Total Expenditure 80,791 159,436 240,227
Movement in Total Funds for the Year:
Net Income/Expenditure for the Year (6,586 ) 18,244 11,658
Fund Balances Brought Forward 47,054 16,450 63,504
Fund Balances Carried Forward 40,468 34,694 75,162

Page 16

Tylorstown Welfare Hall Limited

Notes to the Financial Statements for the Year Ended 31st March 2025

7. Tangible Fixed Assets

Tangible Fixed Assets
Furniture & Total
Equipment 2025
£ £
Cost
At 1 April 2024 76,087 76,087
At 31 March 2025 76,087 76,087
Depreciation
At 1 April 2024 30,144 30,144
Charge for the Year 5,749 5,749
At 31 March 2025 35,893 35,893
Net book values
At 31 March 2025 40,194 40,194
At 31 March 2024 45,943 45,943

Use of Premises

The charity occupies the property known as Tylorstown Welfare Hall, which is owned by Tylorstown Welfare Hall and Institute, a Friendly Society registered with the Financial Conduct Authority. The premises are provided to the charity rent-free.

Post Balance Sheet Event

Subsequent to the year end, legal title to the property was transferred from the society to the charity. No amounts have been recognised in these financial statements in respect of this arrangement.

8. Debtors

Owed by Tylorstown Welfare Hall & Institute 2025
£
13,251
13,251		 2024
£
13,251
13,251

Owed by Tylorstown Welfare Hall & Institute - amounts incurred on behalf and owed to the Charity by the seperate holding entity which that owns the Hall.

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Tylorstown Welfare Hall Limited

Notes to the Financial Statements for the Year Ended 31st March 2025

9. Creditors: Amounts Falling Due Within One Year

Creditors: Amounts Falling Due
Within One Year
Other Loan
Taxation and Social Security
Accruals
Other Creditors		 2025
£
20,000
2,040
3,408
14,221
39,669		 2024
£
-
2,509
3,933
8,885
15,327

Other Loan

During the year, the charity received an unsecured, interest-free loan of £20,000 from CISWO. The loan is repayable in full on or before 1 May 2025. If the loan is not repaid by this date, interest will become payable at 2% above the Bank of England base rate from the due date until repayment. There are no other covenants or conditions attached to the loan.

10. Analysis of Net Assets Between Funds

Analysis of Net Assets Between Funds
Total
**Unrestricted ** Restricted 2025
£ £ £
Tangible Fixed Assets 3,752 36,442 40,194
Net Current Assets 2,840 (11,904 ) (9,064 )
6,592 24,538 31,130

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Tylorstown Welfare Hall Limited

Notes to the Financial Statements for the Year Ended 31st March 2025

11. Movement in Funds

Movement in Funds
At Incoming Outgoing At
01/04/24 Resources Resources 31/03/25
£ £ £ £
Restricted Funds
Restoration Projects-
National Lottery Heritage Fund 14,738 123,728 (136,349 ) 2,117
10K Target - Towards Refurbishment 7,910 - - 7,910
Other Projects-
SW Miners Grant Assistance 2,684 - (403 ) 2,281
Hall4All Oral History Project 1,061 - (308 ) 753
Coalfields Regeneration Trust 2,382 - (523 ) 1,859
Rhondda Cynon Taff 5,919 30,939 (27,240 ) 9,618
Total Restricted Funds 34,694 154,667 (164,823 ) 24,538
Unrestricted Funds
General Fund 40,468 77,890 (111,766 ) 6,592
Total Unrestricted Funds 40,468 77,890 (111,766 ) 6,592
Total Funds 75,162 232,557 (276,589 ) 31,130

Restoration Project

Money has been granted to the charity towards the project for the restoration of the Welfare Hall building. Some of this has been spent on capital expenditure items which will be depreciated from the fund in line with the figures going through the accounts each year.

South Wales Miners Grant Assistance

Funding secured towards replacing the windows at the Hall. This work has been done and the cost will be depreciated from the fund in line with the figures going through the accounts each year.

A Hall4All Project

15-minute Heritage fund is an oral history project that aims to capture the memories of local people surrounding the hall, working in partnership with the Archives Dept at Swansea University. The funding will pay for equipment, time and an Evalution in the form of a podcast.

Coalfields Regeneration Trust

Money provided for staging upgrades. This has been spent and is being depreciated from the fund in line with the figures going through the accounts each year.

Rhondda Cynon Taff

Money provided to improve our regular community activities, including new furniture, EPOS cash register and other equipment for activities.

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