Charity number: 1154758 Llanfwrog Community Association CIO Tru5tees' report and financial statements for the year ended 31 March 2025
Llanfwrog Communlty Assoclatlon CIO Contents Page Legal and administrative inft•rnwtion Trustees report Indep¢ndent exomitiers, rep Statcmcnt of financial activilies Balance sheet Notes to the fintllKial statements
Llanfwrog Communlty Association CIO Legal and administrative InforntiOn Charity number I [54758 Previously Llanfw¥og Community A&y)¢iation - Charity regislration number 1109074 Buslness address Mwrog Stre Ruihin Dcnbighshire LL15 ILE Trustees Sidney Smith Andrew S Brow) Katie Edw8rd$ Dcnnis Matishok Christian P Bradford Rodney Bowdcn Brierley Willwn I Jones John B Jones Paul Edwurds Appointed 9th Septembcr 2024 Accountants Lynda Robcrts & Co Th¢ Old Barn Tym y Minffordd L.lanfwrog, Ruthin tknbighshire LL15 2LL
Llxnhvrog Community Association CIO Report of the trustees for the year ended 31 March 2025 Th¢ ttvstees present their report and thc financial statements for the year eAMkd 31 MaTch 2025. Th¢ ISteeS wbo scrv¢d during the year and up to the dat¢ (pf this r¢w)rt are Sel out on page l. Strueture? governgnce and mAnAgeynent A5 of l March 2024. Llanfwrog Community A&4ociation CIO is overseen by a new conllnitte¢'. Sid Smith (Chair), Katie F.dwards (secret8ry). Rod Bowden (treasureT). Dennis MatischoK Christian Bradford, Ble0d Jone$, Will Jones. Bell Brierley, Paul Edwards, and Anitr¢w Bro. 'rhe committee operates within the LCACIO'S ColI1tiOn d(ment revised I st September 2013. TS year has seen iutsrest raks artd energy costs reduced, but tmrt to the level that alternative optioTrs still have to be considered". refillancing of the Chlty Bank LO2 new ¢ncrgy contracty plus further energy saving measures. Notwith$tandAng this, the Charity Bank Limited generously assisted the charity by allowing interest only payments through the year once again. The tenants arc all paying the agred rcnts on the I sl of thc month in a¢eordance with th¢ proposed sub lease&l under leases. Unfortunately. these Sub lea under leaw a 711 not resolved and are aw&ilin8 omplelion. Llut the final dralts have been agrced, and il is hop Ibey be passed to the landlord early in the next fu)ancial year. Once the sub lease and under leases atc signed the Chyrity Bauk Limiled agree lo the refit]aDcing of the existing loan th¢ churity has with thcm. If Should be noted th¢ ¢harity is looking lo sccurc further funding for solaT panels on the golf driving rnnge roof a]vJ air source heat pump for the hall. In addition. it has secured Awards for All funding for the ¢afè extension phase 2 works. This will requir¢ match funding lo complc* thc PfUjCL'L Objectlves and acdvldes To PTOmOtc the benefits of the inhabitants of LIan[TOg and th¢ n¢igbbouthoc)d by wociating tog¢th¢r with inhabitants, local auihorities, voluntary and other OWdn1tions in a COM effort to advanc¢ education and io PTovidc facililics in the interests of social welfare for re¢reation and lessure time occupation with ihe object of improvin8 ihe conditions of life for th0 itthabilanls. Achievements and perfomance Llanfwrog Conununity Association CIO is a chariry. number 1154758. alv) a Charitable Incorw)Tated OrganirAtion. The Associalion now bo&sLs a two-storey wmlnunity ccntrc with car parking for 2W. 6 tennis court& 5 junior fooiball pitches; a crown bowling grecn; a golf drivin8 ran8e. a 9-holc Foot Golf cowse, allotmenls and pathways for walking. Thc Iru5tees havL' successfidly m&naged the faciliti at Mwrog StrccilLon Fav over the years. They are now L105e to achieving all the capitsl projects to seLure sustauthility in the tsture. Jt now h&$ to complete the refinance of the loan and look to reduce this principal as quickty as po&8ible. This will ensure etnpl0yllt of 5tsffing to manage the facilitics on belullf of the charity and significa]Jtly reduce the volunteer requir¢ments.
Llanfwrog Conununity Associatlon CIO Report of the trustees for the year ended 31 March 2025 G0811. Energy Efficiency nding. Solar panelsl Air Source Heat Pump. Pursue fundin8 of solar panels to the golf driving Tangc n)of and th¢ rlaCement of the gas boil¢r with air source heat pump in the hall. Objective: reduce energy costs. Goal 2. Café phase 2. Pursue mat¢h ti]ndin8 for the completion of the caft pl exwion ivorks. Objective.. tnwove the iubitity of the café business. Goal 3. RestrnctUTing of the Chariiy Bank Loan. Pursue refinancing of the existin8 loan with Charity Bank Limiteii Objective.. Rede Monthly costs lo a¢hieve sustainable positio Goal 4. Sub Leas¢ undcr le4ses. Con)pl¢t¢ the drafting of ihcse d0cunts and atrange signing. Objective: To fornliS¢ position with tenants and complclc rcfinan¥e. Goal 5. Complctc works ts) underside of the balconyl WOTk8hop. Sccure planninB permibsl0 buildi regs approval and fill1n8. ObjeL%ive: To InrOVe the energy cfficiency of the hall. To improve storage within the ball. The Association TrusteepJ members are extrcmely grnteful for the support it has received from th¢ following.. Clocaenog Wind Fami, Ruthin Lawn Tennis Club, Clwydian Range and Dee Valley, Brenig Wind Farn4 Aw&rd8 for All Big Lottery, DVSC Key Fund, Foyle Foundation, Welsh Government through Ihe Communitieq Facilitie8 and A¢iivilies program. Denbighshire County Council through direct and European fillx4in& Ryder Cup Wales: Ruthin Lawn T¢nnis Club. Cyfenter. DVSC. Ruthln Town Council. Moondawe Foundation: Sports Wales. Cadwyn Clwyd. Cjarfield Weston Foundation" The Trusthou5e Charitsble Foundation" and Awards for A11-Exrnal Stairsl Whcclchair Platform lift 0010300892 £5,000. Changing rooms 10269550 £5,000, Play Area (K110250379. £ 4130- Cafc and Kiichen extension AFWIIIO10459646, £4,500- Car park surfacing AFWIIIOI 0378845. £4870- Furniture and compuicrs cquipmcnt AAW/W010281858. £4,800. In additio grallt fundillg ha5 b¢en gi%Tn: £1 S(K) froTn thc Bcrnard Piggott Chan'table 1"8$ to complete installation of LED lighting to the do1$irS roo £2,51J) from the Moondance Foundation for Works to thc grounds. The Association WOLkld also like to thank DettbiglLshire County Council for supporting the Association with th¢ ¢onlinucd rate aUCtiOns. WTthoul thesc the busi11$ would noi survive. Finally. the Charity Bajjk Limit for the ori¥1[1 £125.0(M) and Ruthin Town Council for their continued 8uppon. FinAn¢ial revfeTrY This has been a particularty difficult year for the As%Kiatio The ChJTity Bank Limited has beeD P8rticularly generous and helpful ov¢r the la 3 yem. To this end the ttustees confirm that the oUtstalIng debt on 31st March 2025 was £97.300. The valuation of the busincss based on the rents collccled is cstirnated to bc L?10.IXIO with a "quick sale" valuation of £163,000. 'I"he threshold of debt to valuation all0d by the bard( is 0/0 of the "quick salc. valuation It 18 anticipated that with the reducing interest rat&£ oi'er the coming years that a comfortable sSta11bEc situation 11 bc aLhiev¢d by April 2027. t)uring the year the A)ciation total incomg rere& of £ 57297 and expeI¢d £56.764 leaving a surplus of income over expenditiire of £533. Jones BT05 Cii'il Engl[eTIng UK kindly SpoOred the charity in 202412025 in the sum of £l.000. The charity trustees are grateful for thTrs local supporL
L1¥4nfwrog Community Association CIO Report of the trustees for the year ended 31 March 2025 Plans for future periods The trustees will pursue eAteAsion of its lands once the above fomialiti<% with the lease a Complete. They are of the opinion that additional lands would be extremely beneficial for the already succtssfvl Foot fjolf and for con]munity recreational18llds for walktng. Statement of tru8tees' responsibilities Th¢ trnstee5 are responsible for preparing the Tne Amiual Report and the financial 5tstements in ac¢ord8nee with applicable law and Uniled Kingdom Accountin8 StatxJaTds (United Kingdom Generally A¢c¢pte41 A¢counling Pra¢tice). tAw applicable to charities in England and Wales requircs the trusltts lo prep8re fJnancia3 stat¢mcnts for each financial year which give a true and fatr view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these fitwicial stsmeEts the are requwcd to: select Suttable accounting policics and then apply them consistentty: obstrrve the m¢thods and principles in the Charities SORP. make judgcments and eytimatcs thal are reasDnablc pneft{ slaie whether applicable UK Ac¢ountin8 Standards have been follow¢<L subject to any material dcparttwes dis¢105cd and cxplaincd in the finla1 staiells' alld prepare the financial ststemcnts Oll th¢ goll concern ba81$ it is itwpriate to prume that the charity will continue in operation, The tru5t¢¢5 ar¢ respoJL8ible for keeping Proper accounting tecords which disclose with reasonable accurnry al any time the financial position of the charity and enable them to ctLsure that the fin¢11 statements comply with thc c.harities Act 201 l. They are 4150 responsible for safegwding the &wts of the cbarity and b¢ for laknng r¢ty)nable stcps for the PT¢vention and detcction of fraud and other irregulariti¢s. On behaifof the board Trustee Mr Rod Bowden
Llanhvrog Community Association CIO Independent examiner's report to the trustees on the unaudfited fancIal statements of Llanfwrog Community Association CIO. I report on the accounts of Llanfwro8 Corntiity Ation CIO for the year ended 31 March 2025 set out on pages 2 to I l. Respective responslbllltles of trnstees and IndependeDt examlner As the charity's truste¢s you are wnsible for the prepardtion of the accounts. you consider that thc audit requirement of section 144(2) of the Charities Act 2011 (th¢ 2011 knt) and that mdependcnt examination is nceded. It is my responsibility w examine the accounts under se¢tion 145 of the 2011 Act; to follow the pro¢eduTe5 laid down in ihe General DiTections given by the Charity Commi&sion under section 145(5Xb) of thc 2011 ACL and to slate whether particular malters have come to my attentio Basls of Independent ex&mlner's statement My exami[On was carried out in a¢ry)rdance the Gencral Dirrttions Ven by the Charity Comrnission. An cxamination includes a review of the a¢¢ounting Tecords kcpi by the charity and a comparison of the accounts prcsented with thusc rcLordy. It 8180 includcs consideration of any unusual items or disclosurc5 in the accounis, sL'ckin¥ explanation5 from you as trustccs concerning any such matters. procedures underthk¢ll do not provide all the eiTrdLncc that would be rcquircd in an audit and consequently na opinion is given as to the accounts present 'tr and fair vicw, and thc reFM)rt is limited to those mattets set out ID the statement below. IndepeDdeDt examlner's slatement In connection with my examination, no malter ha5 come to rny attention: (i) whiL'h givcs mc reasonable cause to believe that in any matrial reW the requiTrments: to keep accounting records in accordance with s¢Ction 130 of the 2011 Act; and to prepare a¢¢ounts which a¢¢ord with the accounting tcconl8 and to ¢omply with the accounting requirements ofthe2011 Act have not been meL or (ii) to w.cL in my Opinio attention should drawn in order to en2ble a proper underthding of the accounts to be reached. Lynda Roberts FCCA Chartered Certlfled Aecountsnt Indepelldent examlner The Old Barn. Tyn y Mlnffordd LlaDfwrog? Ruthi Denbighshire LL15 2LL
Llanfiyrog Community Association CIO Statement of fmanci81 activities For the year ended 31 March 2025 Uxrestrlcted Ro%tritted runds funds 2025 Total 2024 TotAI Notss Incoming resources In¢oming resources from generating funds: Voluntary tncome Activities for gen¢ratin8 fun(L% 9,556 31.796 l5.945 25.501 31.796 25,025 22,711 Total Incomfing resources 41.352 15.945 57.297 47,736 Resourees expended F,sLablishment costs Aceountsncy fce8 Legal and professional fces IntLrcst payablc and similar charges Deprccialion and impairnicnt Other costs 24,785 625 7,040 9294 2.681 2,440 24.785 625 20,193 620 ,135 9.274 21.666 3l6 9.294 12.580 2.440 9,899 Total resources expeDded 46.865 9,899 56.764 53,204 Totsl funds brougbt fonvard 684,649 684.649 690,117 Total funds carried forward 679.136 685.182 684,649 The StaMent of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gakns and losses has not beett prep. All of the above amounts relate to continuing activities. The notes on pages 8 to li form a* integral part of these fibancixl 5tatsments.
Llanfwrog Community Assodatlon CIO Balance sheet as at 31 March 2025 2025 2024 Note¥ Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 831,757 829.296 3.250 22.730 4,500 12.478 25,980 16,978 Credltors: amounts falllng due Jvithin one year (75,255) (64,324) Net Current IIAbllltles {49275) (47.346) Total assets le88 current Ilabilitle# Credltors: amounts falling due After more tban ODe yr 782,482 781,950 (97,301) (97.301) Net assets 685,181 684,649 Funds Restricted income funds Unrestricted iftcome fun(ts 6.046 679,135 684,649 Total funds 685,181 684,649 The fuwicial Statllen were approved by the trustees on atKI sigll on its behalf by Sidney Smlth Trnytee The notes 04 pages 8 to 11 fonn *a integral part of thex financi ststements.
Llanfwrog Communlty Assoclatfion CIO Iyotes to financial statements for the year ended 31 Mareh 2025 Accountfing pollde The principal accounting policies are Snm below. Thc a(Mti polTr¢ies have been opplied consistently throughout the year and the precedin8 year. 1.1. Basfis of aeeounthig The fllwicial ststements are prepared under the histOTi¢ai ¢ost convenlion with ite1 recognised at cost or transaction value unless othenvise stated in levant nokls) to these ac¢ounts. The aLcounts have been prepared in accordae with AccountiDg and RqrtLllg by Chan'ties: Stalenllt of Recomtnellded Prnctice applicable to cIwiti preparing their accounts in accordance with the liin2llci41 Reporting Sthndard applicabl¢ AU thc UK and Rq)ublic of Ireland (FRSJ02). the Chm'ties SOR IFPS102) and the Ch8rtties Act 2011. 1.2. Incoming resources All incorning rewurces at¢ included in the ststement of ruWla1 8ctivities when the charity 15 entitled the income and th¢ amount be quantified with reasonable 8cc)ncy. Thc following specjfic polj'cies 8re applied to particular cate80ri&8 of income: Voluntary in¢om¢ is rrfcived by way of wts, donations and fi$ and is includeo in full in the ststemcnt of financial #ctivities when reccivable. Grants where eDtitl¢ment is not cooditiona] on the delivery of a specific pcrfornwice by the charity. are recognised when the charity be¢omes uncondition8lly entitled to the grant. Donated servi¢es and fa¢ilities included at the value to the charity Whe this can be quantified. The value of services provided by volunteers h&8 not been inehKled. Gifts donated for resale are Includ as in¢om5ng resou wiihin activities for generating fimds vthcn they are sold. Grants, includin8 grants for the purch&se of fixed assety are recOlS¢d in full in the slatetmii of financial 8CtivilAes in the y¢ar in which they ate teceivabk. IJ. Resourc eended Expenditure is reCogM0 on an acCnl basls 88 8 liability is illcu. Expmliturc include5 any VAT which cannot be fillly re¢ov¢rf aThl is rep)rted 8$ Part of the expendituJE to which it rel&es. Costs of generating fijnds comprise the costs &ssociated with attracting voluntary in¢ome and the costs of trading for fundraisitig purposes including tbe chan'tys shop. Charitable exp¢nditure comprises those costs incurred by charity in tbe delivery of its aclivities and services for its beneficiaries. It includes both costs that can be allo¢At¢d directly to 8uch activities and those costs of an indirect nature necessary to support thenL Support ¢osts are thos¢ c(Ksts in¢u¢d diTectly in siqytKIrt of eX]Ie on the objects of the charity and includ¢ project managernenL
Llanfwrog Community Association CIO Notes to financial statements for the year ended 31 March 2025 1.4. T8ngible fixed assets and depreciatlon Tangibl¢ fixed assets are stated al cost less accumulat dwiatioTr Depreciation is provided at rates Calculated to lIe off the cost less residual value of each as8¢t over its expe¢ted usefiil life. &8 follows.. L¢asehold property imptovementg 40A reth]Ling balance Plant and machinery 25 /• reducing balance Voluntary Income Unrestrlcted nds 2025 Total 2024 Total Donations Grants rc¢¢ivable Sponqot5hip Subscriptions 1.180 22,57.3 i.oii 261 8.4(Ki 24,345 156 A56 7.677 25,501 25,025 Actlvlties for generatlDg funds 2025 Totsl 2024 Total Room hirt Sports facilitie5 (rugbylfootball) Sports facilities (tennis) Rcchar8c of utilities Mi3¢ income 4.848 14.410 4.092 7.369 ,077 4.476 1.1,891 3,540 804 31,796 22,711 Ernployees No cxpcns wer¢ paid to trustces. No salari¢s or Wag have been paid to wnployee4 ilUding thc trustee4 during the Yr. Number of employees There were no employges in the year.
LlaDfwrog Comniunlty Assoclation CIO Notes to finAnclal ststements for the year ended 31 March 2025 Long le88ehohl PlaDt and property ¢billery Tangible fixed assets Tot91 Cost At l Aprtl 2024 Additions 802.385 2,390 72,607 12,651 874.992 15.041 At 31 March 2025 804.775 85.258 890,033 Dcpreclatlon At l April 2024 Charge for the year 27515 2.519 J8,181 10.061 45.696 12,580 At 31 March 2025 -30,0.34 28242 58276 Net book values At 31 March ?025 774.741 57.016 831.757 At 31 March 2024 774,870 54,426 829,296 Debtors 2025 2024 Trade debtors Prepayments and accrued income 250 4.500 3250 4.500 Credltors: amounts falling due within one year 2025 2024 Other loar Accruals and deferred income 3,430 71.825 62,568 75,255 64,324
Llanfwrog Community Assoetstlon CIO Notes to financial statements for the year ended 31 March 2025 Long leshold Hant and property machthery Tanglble rjxed a&qets Tot Cost At l April 2024 Additions 802.385 2.390 72.607 12.651 874.992 15,041 At 31 Mah 2025 804,775 85.258 890.033 Deprecl8tlon At l April 2024 Charge for the year 27.515 2.519 18.181 10.061 45,696 12,580 At.3 l March 2025 30.034 28.242 58,276 Net book values At 31 March 2025 774.741 57.016 831,757 At 31 March 2024 774.870 54.426 829,296 Debtors 2025 2024 Trade debtors PrepaymeT)ts and income 250 4,500 3250 4,500 Creditor8: n0ts falllng due within one year 2025 2024 Other loatL8 Accrua15 and deferred inrne 3.430 71,825 1.756 62,568 75,255 64,324
Llanfwrog Community Association CIO Notes to financial statements for the year ended 31 March 2025 Creditors: amounts falling due after more than one yeAr 2025 2024 Clwity Bank loan 97,301 97,301 The Charity Bank loan is se¢wed on the Charitys asscts. Analysi$ of net assets between funds UDrestrlcted Reslrieted fun fund8 Total funds Fund balanccs at 31 March 2025 as represenied by". Tangible fjxed assets Current assets Current liabilities Long-tenn lthitstie8 775,842 4,649 (4,055) (97.301) 55,915 21,331 (71200) 831,757 25,980 {75,255) (97,301) 679.135 685,181 10. Ullrestri¢ted funds At At Ast Aprll 2022 Incomlll8 Out%olng 1st Aprll 2022 2024 rewurces rer¢ 2025 UnrestriL*ed Fund 684,649 41,352 (46.866) 679,135 ii. General commltmeDts There have been no guarantees given by the charity ai Jlst March 2025. 12. Governkng document organisation is a Charitsble Incorporated Organisation - registcrcd on 26th Novcmber 2013. The organisativn continued the activiti of Llantwmg Community A)catiOn (charity number 1109074) on Isi April 2022 and Llanfwrog Comnlljrrity A8socation Was re1¢d from the charity rcgister on 22nd February 2023. The Charities Statement of Rec0Mnlded Practice (SORP)(FRS102) states these ch8D8&s in legal form should be tra¢ted as mergers and therefore compatativGs bave been r&stsiryJ in this respecL
Uanfwrog Community Association CIO The following pages do not form part of the ststutory accounts.
Llvdnfiyrog Community Association CIO Detailed statsment of fuwicial activities For the year ended 31 March 2025 2025 2024 IDeoming resourees Incoming resourees from generaling funds: Voluntary income Dollation5 Grants receivable Sponsorship Subscriptions 1,180 22,573 24.345 1,000 156 261 25.501 25.025 ALttvitiesforgeneratingfyn Room hire Sports facililies {rugby/footiMll) Sport5 facilities (nn1$) Reehatg¢ ofutilities Misc income 4,848 14,410 4.092 7,369 1.077 4,476 13,891 3,540 R04 31.796 22,711 Tortal Ineomlng resour¢cs from generathig funds 57,297 47,736 Total incomlng resources 57.297 47,736 Resources expended Costs of ¥ener8tlng fullds: Fundraising trading: cost of good8 sold and otber costs
Llanfwrog Community Assocfiation CIO Detailed statement of financial activities For the year ended 31 March 2025 2025 2024 ChArltable actlvities Aetivity I ALlivilie.Y tsndertsken direcily Rent Rates & water Light & heat Rep. & maint. Insurance 2,446 1.750 6,021 10,702 4,970 14.995 3,448 24.785 20.193 Stspport costs Indcpcndcnl cxamincrs fces Legal & professional ftts Professional consultaiKy Other Losts 625 620 250 885 316 5,105 2.071 A¢dvlty I totAI ewdlture 29.890 22,264 Aetlvlty 3 Granifurtding activiti Activity3 - Grnnt- Professional - t£gal fees Activity 3 to*al expenditure Total eharltable aetlvlty expendltsre 34,89) 22.264 Governance costs Supporl L'o&ts Interest- Bank loans & overdrafis Interest- Other loaL8 Dcpr¢¢iation & inyairnKnt 62 9.232 12.580 9.210 21,666 21,874 30,940 Total governanee costs 21.874 30.940 Net Ancomingl(outgoing) resources for the year 533 (5,468)