CANOLFAN HAMDDEN
BEAUMARIS A’R CYLCH
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
COMPANY NUMBER: 08330057
CHARITY NUMBER: 1154384
Page 1
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
CONTENTS OF THE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| COMPANY / CHARITY DETAILS DIRECTORS’ / TRUSTEES’ REPORT INDEPENDENT EXAMINER’S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS DETAILED INCOME AND EXPENDITURE ACCOUNT |
Page |
|---|---|
| 2 3 5 6 7 8 11 |
Page 2
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
COMPANY / CHARITY DETAILS
Name – Canolfan Hamdden Beaumaris a’r Cylch
Charity Number – 1154384
Company Number – 08330057
Registered Office and operaWonal address – Canolfan Beaumaris, RaWng Row, Beaumaris, Ynys Môn, LL58 8AL
Chair – J Alwyn Rowlands MBE
Independent Examiner – Caron Williams
Bankers – Nat West
Page 3
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
DIRECTORS’ / TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Board presents its directors’ report and financial statements for the year ended 31 March 2024.
1. ObjecWves and acWviWes
The company’s objecWves as set out in the memorandum and arWcles of associaWon are to:
-
provide and maintain a leisure centre (the Canolfan) for the use of inhabitants of Beaumaris and District, including use for meeWngs, lectures, classes and other forms of recreaWon and leisure-Wme occupaWon so as to improve the condiWons of life for the inhabitants; and
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to provide the community with a service that will create greater cohesion between its people and underpin the social fabric of the area.
The trustees have had regard to the guidance issued by the Charity Commission on public benefit.
2. Structure, governance and management
The company is a company limited by guarantee governed in accordance with its Memorandum and ArWcles of AssociaWon and a registered charity.
The board of directors / trustees comprised the following:
Alwyn Rowlands MBE (Chair) Mark Creegan Robert Grant Andrew Reid Roger Thomas Steve MacVicar Frank Carr Shan MacVicar Eurfryn Davies Annege Jones (from December 2023) Carys Thornton Karen Begley
The directors / trustees are recruited from inhabitants of the Canolfan Beaumaris catchment area and are of various professional and related backgrounds. The Board meets at regular intervals to monitor operaWons and to consider strategic magers.
The day-to-day running of the Canolfan is in the hands of the Manager, Warren Jones, and accounts are prepared by the Treasurer, Dafydd Jones FCA.
3. Achievements, performance, and plans for the future
At the beginning of the year we were looking for funding to finance our proposed extension to the building. Unfortunately, while some funders were responsive to our applicaWons, SPF funding was rejected. This has leh us in the posiWon of having to rethink our plans, which we are currently doing.
Being posiWve about our future we have employed extra staff and built upon projects that have shown growth, such as Pickleball , Rollerblading, and the very successful Day Camp courses.
We have decided to on some improvements, with new lighWng in the Main Hall and upgrading the Gym, including employing a Registered Trainer to assist people with the new equipment.
As normal we are confident that we will grow the business, but maybe taking a while longer than iniWally planned.
Page 4
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
DIRECTORS’ / TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
4. Risk Management
The Trustees have idenWfied the major risks to which the charity is exposed and has established systems to miWgate those risks. Financial risk is managed primarily by the formulaWon of a business plan incorporaWng detailed budgets against which performance is regularly monitored.
5. Reserves Policy
At 31 March 2024 the charity’s unrestricted funds amounted to £280933. Of this amount, £60679 was invested in fixed assets and £110000 was designated towards major repair and development project expenditure. This leaves free reserves of £110254, and the trustees consider that reserves of at least this amount are required in order to ensure conWnuaWon or an orderly reducWon of operaWons given the unpredictability of future funding and costs.
6. Small Company ExempWon
In preparing this report the directors have taken advantage of the special exempWons applicable to small companies.
7. Statement of Directors’ / Trustees’ ResponsibiliWes
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
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select suitable accounWng policies and then apply them consistently;
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make judgements and esWmates that are reasonable and prudent;
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state whether applicable accounWng standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will conWnue in business.
The directors are responsible for keeping proper accounWng records which disclose with reasonable accuracy at any Wme the financial posiWon of the company and to 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 prevenWon and detecWon of fraud and other irregulariWes.
By order of the Board
J Alwyn Rowlands
Canolfan Beaumaris
Director
Beaumaris
14 November 2024
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CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
I report to the charity trustees on my examinaWon of the accounts of the company for the year ended 31 March 2024, which are set out on pages 6 to 11.
ResponsibiliWes and basis of report
As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparaWon of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having saWsfied 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 examinaWon, I report in respect of my examinaWon of your charity’s accounts as carried
out under secWon 145 of the ChariWes Act 2011 (the ‘2011 Act’). In carrying out my examinaWon I have followed the DirecWons given by the Charity Commission under secWon 145(5)(b) of the 2011 Act.
Independent examiner’s report
I have completed my examinaWon. I confirm that no magers have come to my agenWon in connecWon with the examinaWon giving me cause to believe:
(1) accounWng records were not kept in respect of the company as required by secWon 386 of the 2006 Act; or
(2) the accounts do not accord with those accounWng records; or
(3) the accounts do not comply with the accounWng requirements of secWon 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a mager considered as part of an independent examinaWon; or
(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended pracWce for accounWng and reporWng by chariWes [applicable to chariWes preparing their accounts in accordance with the Financial ReporWng Standard applicable in the UK and Republic of Ireland (FRS 102].
I have no concerns and have come across no other magers in connecWon with the examinaWon to which agenWon should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Caron Williams
Carreg y Garth Isaf
Rhiwlas
Bangor
14 November 2024
Page 6
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| 2023 4557 19997 188387 21251 650 5522 240364 11279 211775 2100 225154 15210 15210 228378 £ 243588 |
INCOME Donations Charitable activities - Grants - Fees for using Canolfan and Car Park - Events and other fundraising Bank interest Other TOTAL INCOME EXPENDITURE Events and fundraising Other charitable activities Other - Governance TOTAL EXPENDITURE NET INCOME / (EXPENDITURE) NET MOVEMENT IN FUNDS Funds brought forward Total funds brought forward |
Note 2 2 3 3 |
UNRESTRICED INCOME FUND Total 71455 71455 10000 10000 161908 161908 17314 17314 2208 2208 2621 2621 265506 265506 4244 4244 222217 222217 1700 1700 228161 228161 37345 37345 37345 37345 243588 243588 £ 280933 £ 280933 |
|---|---|---|---|
| £ |
Page 7
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
BALANCE SHEET AS AT 31 MARCH 2024
| £ £ |
2023 66736 --- 66736 9450 203794 213244 32180 32180 181064 247800 4212 --- 243588 90000 153588 243588 |
Note FIXED ASSETS Tangible Assets 7 110179 Investments 7 1 110180 CURRENT ASSETS Debtors and Prepayments 8 22262 Cash at Bank and in Hand 255839 278101 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR Sundry Creditors 9 33048 33048 NET CURRENT ASSETS 245053 355233 CREDITORS: AMOUNTS DUE AFTER MORE THAN ONE YEAR Loans 10 --- Deferred Grants 74300 £ 280933 UNRESTRICTED INCOME FUND Designated funds 11 110000 General funds 11 170933 £ 280933 |
|
|---|---|---|---|
For the year ended 31 March 2024 the company was enWtled to exempWon from audit under secWon 477 of the Companies Act 2006 relaWng to small companies.
Directors responsibiliWes:
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(1) The members have not required the company to obtain an audit of its accounts for the year in quesWon in accordance with secWon 476,
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(2) The directors acknowledge their responsibiliWes for complying with the requirements of the Act with respect to accounWng records and the preparaWon 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 by the board of directors on 14 November 2024 and signed on its behalf by:
J Andrew Reid
Company N[o] 08330057
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CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. AccounWng Policies
(a) DuraWon
The financial statements are prepared for the year ended 31 March 2024. The comparaWve figures are for the year ended 31 March 2022.
(b) Basis of accounWng
The financial statements have been prepared under the historical cost convenWon, and in accordance with FRS 102 (secWon 1A), the ChariWes SORP (FRS 102), and the Companies Act 2006 and where applicable the ChariWes Act 2011.
(c) Fund accounWng
Unrestricted funds are available for use at the discreWon of the trustees in furtherance of the general objecWves of the charity. Designated funds are unrestricted funds earmarked by the Board for parWcular purposes. Restricted funds are funds received for specified purposes only.
d) Incoming resources
DonaWons, income from charitable acWviWes and other generated funds are revenue in nature and are recognised when they become receivable. Grants are treated likewise unless they relate to capital expenditure, in which case they are deferred and recognised as income in line with the depreciaWon policy outlined in part f.
e) Resources expended
Expenditure is recognised in the financial statements on an accrual basis as a liability is incurred, and includes irrecoverable VAT.
Governance costs comprise professional fees incurred in meeWng the statutory requirements of the charity.
f) Fixed assets
The new heaWng system is depreciated on a straight-line basis over a period of 10 years from 1 April 2016. DepreciaWon is provided at the rate of 30% (reducing balance) per annum on other equipment in order to write off the cost of each item over its expected useful life. Solar Panels are depreciated on a straight-line basis over a period of 25 years from 1 April 2015. Expenditure on the planning and design of the proposed Extension has been capitalised and will be depreciated upon compleWon of the project.
g) Pension scheme
ContribuWons in respect of the charity’s defined contribuWon pension scheme are charged in the year which they are payable to the scheme.
2. Income
| Income includes: Grants - Beaumaris Town Council and Other Community Councils - Other DonaWons - Friends of Canolfan - Masnach Canolfan Cyf - Others |
2024 £ 10000 --- 7000 60843 3612 |
2023 £ 10000 9997 --- --- 4557 |
|---|---|---|
A capital grant of £49500 was also received from the NaWonal Logery during the year.
| 3. | Resources expended on charitable acWviWes and governance costs Expenditure on charitable acWviWes includes - DepreciaWon Governance costs include – Accountancy and Independent ExaminaWon |
2024 £ 13603 1700 |
2023 £ 14714 2100 |
|---|---|---|---|
Page 9
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
4. Staf costs
| Wages and salaries Pension Costs £ |
2024 116691 4121 120812 £ |
2023 99975 3813 |
|
|---|---|---|---|
| 103788 |
No employee received emoluments of more than £60000.
The average number of full and part-Wme employees during the year was 14 (2023: 13).
5. Trustee remuneraWon and related party transacWons
No members of the board received any remuneraWon during the year.
No trustee or other person related to the charity had any personal interest in any contract or transacWon entered into by the charity during the period.
6. TaxaWon
As a not-for-profit organisaWon and a charity, Canolfan Hamdden Beaumaris a’r Cylch is exempt from tax on income and gains to the extent that these are applied to its charitable objects.
7. Fixed Assets
| COST As at 01.04.23 Additions Disposals As at 31.03.24 DEPRECIATION As at 01.04.23 Charge for the Period Disposals As at 31.03.24 NET BOOK VALUE As at 31.03.24 £ As at 31.03.23 £ |
EXTENSION EQUIPMENT --- 179417 63419 --- --- 13008 63419 166409 --- 134306 --- 12112 --- 6635 --- 139783 63419 £ 26626 --- £ 45111 |
SOLAR PANELS 32373 --- --- 32373 10748 1491 --- 12239 £ 20134 £ £ 21625 £ |
TOTAL 211790 63419 13008 |
|---|---|---|---|
| 262201 | |||
| 145054 13603 6635 |
|||
| 152022 | |||
| 110179 | |||
| 66736 |
Page 10
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
8. Debtors and Prepayments
| 9. 10. |
Creditors: Amounts falling due within one year Loans Grants receivable Charges for use of Canolfan Masnach Canolfan Cyf Sundry Debtors Prepayments £ Taxation and social security Other creditors and accruals £ Bank loans (unsecured) £ |
||
|---|---|---|---|
11. Movement in funds
| At 01.04.23 Unrestricted funds: General 153588 Designated major repair fund 10000 Designated development project fund 80000 £ 243588 |
Net incoming resources 37345 --- --- £ 37345 £ |
Transfers At 31.03.24 (20000) 170933 --- 10000 20000 100000 --- £ 280933 |
At 31.03.24 | |
|---|---|---|---|---|
| £ | ||||
| 170933 10000 100000 |
12. Limited by guarantee
The company is limited by guarantee.
Page 11
CANOLFAN HAMDDEN BEAUMARIS A’R CYLCH
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 MARCH 2024
| 2023 123827 20795 10000 8497 1500 210 4557 --- 456 64560 5312 650 --- 240364 103788 10603 15266 1999 3401 3215 3207 64 1244 1821 17100 2896 7656 10035 5717 669 3491 5210 180 1264 2320 2100 3863 300 577 2454 14714 225154 |
Income Fees for using Canolfan 159743 Events and New Activities 14022 Grants - Beaumaris Town Council and other Community Councils 10000 - Kickstart --- - Other --- Membership --- Donations 64455 Friends of Canolfan 7000 Fundraising 3292 Car Parking 2165 Feed-In Tariff 2621 Interest 2208 Sundry --- 265506 Less: Expenditure Staff Costs 120812 Gas 10812 Electricity 14236 Water 1915 Insurance 3423 Telephone and Internet 2587 Office Costs 2811 Advertising 1163 Goods for Resale 1995 External Coaches and Instructors 2695 Repairs, Maintenance and Cleaning 21847 Car Parking --- Library Expenses 312 Events and New Activities 2249 Uniforms and Consumables 1994 Waste Collection 710 Health and Safety 5203 Studio and Hire 3916 Licences 201 Training 2083 Payroll Admin 1920 Professional Fees 1700 Bank Charges 5005 Loan Interest --- Donations 50 Sundries 4919 Depreciation 13603 228161 |
|
|---|---|---|
E 15210 Surplus / (Defcit) of Income over Expenditure 37345
£