REGisfEReD IARITy NiIMBEK. 1158331 REPORT OF THE TRVSTEES AND UNAUDMD FINAtrICIAL sfATEMENTS FOR TME YEAR EIIDED 28 FtBItUARY 2025 FOR ReGÈNCY HALL COMMUNITY CENTrE UewetyTr Davles Chartered Accountants SO Queen Street Pembroke Dock Panbrokeshire SA72 6JE
REGENCY HALL COMMUNrrY lIE COllfENTS OF THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 28 FEBRUARY 2025 Page Rwort oftho Tru•t I to 2 Indep¢nd¢nt Ex•minrfs Report Stat•mwit of Flnandal A¢tl¥lti B•lanc• Sha•t Nots* to th¢ Flnancial st•t•rnts 6 to 12 Dotsilod Ststem•rt ol Finandal A¢tivltles 13 to 14
REGEIICY HALL COMMUIIITY CENTRE REPORT OF THE TRusfEES FOR THE YEAR ENtsEts 28 FEBRUARY 2025 The tnjstees presént thelr report wlth the firÉafttlal statéménts of the Charlty for the year ered 28 Febnjary 2025. The trustees have 8dopted the PrOS1on$ of AccourFtlng and Repotb°no by Charltles: Statsment of Recommended Practlce appllcable to charltles preparfng thelr accounts In accordance wlth the Financial Reporttng Stsndatd appllcable in the UK and Republlc of Ireland {FRS 102) (effectlve I January 2019). 0OJEcfivES AND ArnvmES ObJ•ctlves and alhs The obJertlve5 Ot the tharlty are. To provide a vlll89é hall and méetirt9 Nace for the resldwsts of Satsndersft and the many surroundlng vlllages ar Settlements. ACHIEVEMENTS AND PERFORMANCE Charltablè actlvltles The Regéftcy Hall has achleved most of Its objectlves this year, and Hall Income hag increased, and other than IhtIng and heètingl expendlture ha5 been kept In check. Slncè the completlon of the re-furbishment of the Brookslde Sutte ( formerly the dedicated creche),we have been able to offer mre classes and actlvities and the Hall is, wlthout a doubt, the Hub of the Community of Saundersfoot. The Ubrary Contlnues to be well-managed and staffed malnly by voluftteers, and Its usage is being contlnLtally extended and Énhanced Flnandal perforttkinc Due to the Input of our excellent staff and volutitee¥5, we are happy with thFS yearfs overall results, and look forward to similar improvements in the next financkl year. By that time. our problems caused by our energy suppliers shotskl be sorted, we tan look forward to $1gnificantty reduced energy bllls FlhlANCIAL RMEW lthvestmènt pollcy and objèctlvts In accordantr with the trusr deed, the trustees have the power to Invest in such stocks, shares and investments as they see fit. The polity is to adopt a medlum rfsk investment strategy based on maximlsing Income. R•Mrves pollcy It is the pollcy of the trustees to maintsin tsnrestslcted funds, which are the operatlonal free reserves of the charity, at a level that provldes suffKient funds to cover management and admlnistratlon and to support occasional urrforeseen Items of expenditure. FimiRE PLANS It is fundamentslly importsnt to the Trustees to continue to achleve the objects of the Constltut5on In that ie hall shall be used for meetings. lectures and classes and for other fornis of recreatlon and lekure-tlme occuplon, with the objects of Improving the Ilves of resldents". To that end. the staff and volunteers are able to offer those facllltles. Alongslde extending our servlces and activitles to the increaslng number of visttors regularly coming Into Saundersf(J)t. Towards the end of the year, 5aundersfoot CommuniTr Lottery was established, under the overall banner of the Regency 14all, enabling those contrll>utJng to the Lottery in the monthly draw, to provide, not only money for prizes, but grnnts to I(} oroanizations . to enhance and complement vlllage events and attivSties srRucfuRe, GOVERNANCE AND MANAGEMENT Gov*rnlng d(Ument The chatlty 15 a tharitable Incorporated organlsatlon and Is controlled by Its Incorporatlon documents dated 22 August 2014.
REGENCY HALL COMMUNITY CENTRE REpoiif OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRVARY 2025 REFERENCE AND ADM1141STRATIVE I>EfAILS Regl*t¢r•d Charlty numb•r 1158331 Prlndpal addrnss clo 2 Ragged Staff Saundersfoot Pembrokeshlre SA69 9HT T Peawn Mrs S A Boughton-Thomas A upham Mr D K Williams Mrs E Howells Mrs M Saunders Mr N Boughton-Thoma5 (appolnted 191812024) Mrs J Mllne (appointed 191812024) Mr P Hawklns (appolnted 191812024) Ind¢p•nd•nt Examin¢r Kenneth Randall Llewelyn Oa¥les Chartered Accountsnts 50 Queen Street Pembroke Dcck Pembrokesttire SA72 6JE Approved by order of the ts)anl of tnstees on .. by: j Nlb b É tsLo&kQ..?O>Jand slgned on its behalf Mrs S A Boughton-Thomas - Trustee
ItIDEPENDENT 2XAMXNEA'S REPORT to THE TRUSfÉES OF REGENCY HALL COMMUNrrY CEt4TRE Itpend•t éxafftlfi•rf$ report to the tru8t•s of Re9Éficy Hall Con5ffiunlty cfjntre I rèport to the chartty tryStÈes on my èxamination of the accounts of Regency Hall Community Ctntre (the Trust) for the year ended 28 February 2025. R•spon$lbilitlo5 and ba8 of report As the charity trustees of the Trust you are responsible for the preparatlon of the actounts In accordan wlth the rÉqulrements of the Charlt6es Act 2011 (the Art.). I report In respect of my examination of the Trnsvs èccounts carrled out under Sectlon 145 of the Art and In carrying out my examlnatlon J have followed all appllcable Dlrertlons glven by the Charlty Commlssion under Section 145{5)(b) of the Act. Indep•nd•nt exathlMr'$ Atst•mént I have completed my examlnation. I conflrm that no matérial matters have come to my attention in rlftection with the examlnatioft giving me cause to belleve that in any materlal respect: accountlftg records were not kept In respert of the Trust as requlred by Section 130 of the Act; or the accounts do not accord with those records; or the accounts do not c(mply wlth the appllcable requirements concerniw the fomi and content of accounts set out in the Charitles (Accounts and Reports) Regulattons 2008 other than any reqtsirement that the accounts give a true and fèlr view which Is not a matter ts)nsidered as part of an Independent examination. I have no concems and have come across no other matters In connectlon with the examinatlon to which atten0 should be drawn In thls report In order to enable a proper understanding of the accounts to be reached. Kenneth Randall Uewelyrfr Davies Chartered Accountsnts 50 Queen Street Pembroke Dock Pembrokeshire SA72 6JE
REGENCY HALL COMMUNrri CENTRE STATEMENT OF FINANCIAL AfllVITIES FOR THE YEAR EIIDED 28 FEBRUARY 2025 2025 Totsl funds 2024 Total funds Unstrirted Restrirted Endowment ftsnds fund5 fund XNCOME AIID ENDOWMENTS FROM Donatlons and legacies 27,177 27,177 4,469 Charltsblo artlvltles operation of communlty hall 69,566 69,566 59,823 Other tradlng actlvltles Investment income other income 17,574 16,059 1,723 17,574 16,059 17,283 15,728 Totsl 132 099 EXPENDrnJRE ON Ralslng fun(ts 12,203 12,203 12,797 Charltabl• artlvitl¢s Operation of community hall 99,728 633 Total 111,931 633 112.564 100.524 Net gainsl(losses) on investmerts 12,106 NET INCOMEI(EXPENDrnIRE) 20,168 (633) 12,106 31,641 (6,850) RECQNCXUATION OF FUNDS Total furKls brought forward 31,676 1,483,374 114,225 1,629,275 1,636,125 TOTAL FUNDS CARRIED FORWARD 1482 741 126 331 1629 275 The notes fom part of th financkl statements
REGENCY HALL COMMuiirrY CENTRE BALANCE SHEEr 28 FEBRUARY 2025 2025 Total funds 2024 Total funds Unrestrlcted Restrlcted ErKlowrnent funds fisnds fvnd Notes Tangible assets Investments io li 23,137 1.482,742 1,505,879 126 331 1,503,404 114 225 126 331 23,137 1,482,742 126,331 1,632,210 1,617,629 CURRENT ASSETS Debto Cash at bank and in hand 12 4,798 29,625 4.798 4,398 34,423 34,423 21,905 CRtDrroRS Amounts falling due wlthln one year 13 (5.717) (5,717) {10,259) MET CURRENT Ass£rs TOTAL ASSEfs Less CURRENT UABILITIES 51,843 1,482,742 126,331 1,660,916 1,629,275 NEf ASSEfs 51.843 1482.742 126,331 16&J 916 1 629 275 FUNDS Unrestncted funds Restricted funds Endowment funds 14 51,843 1,482,742 126 331 31.676 1,483,374 114 225 TOTAL FUMD5 1 660 916 1629 275 The financi statements were approved by thé Board of Trustees and authorised for Issue on . and were signed on Its behalf by: I ty ft&fvg( Mrs T Pearson - Trustee The notes fomi part of these flnanclal ststements
REGENCY HALL COMMUNrrY CEKfRE NOTES TO THE FINAf4CIAL sfATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 ACCOUNTXNq POLICIES B••i• 4>f preparln9 tho Iln•nci41 rtat•monts The fina181 statements of the charity, which Is a public beneflt entlty under FRS 102, ha¥e been prepared In accordan wlth the Charlt5e5 SORP (FRS 102) 'A¢covnting and Reporting by Charlts'es: Statement of Recommended Prartlce appllcable to charitle5 preparing thelr awounts in accordance wlth the Financlal Rewrting Standard applicable in the UK and Republlc of Ireland (FRS 102) (effective l January 2019),, financial Reporting Standard 102 The Flnancial Reportlng Standard ap1b}e In the UK ants Republlc of Iland, and the Charltle5 Act 2011. The financlal ststements have been prepared undeT the historical cost convention, with the exception of investment5 which are Included at marlfet ¥alue, as modifi'ed by the revaluation of certain assets. Xn¢ome All income Is recogni In the Statement of Flnanclal Artivltie5 ¢)nce the tharity has entitleusent to the fvnd5. It Is probable that the income wlll be reiVed and the amount can be measured rellably. expwdlturn Llability¢s are recognlsed as expendlture as 500n as there Is a legal or constructtve obllgation commlttin9 the charity to that expenditure, it Is prgbable that a tr4n5fer of economic benefits wlll be required in settlement and the amount of the obligation be measured rellably. Expenditure is accounted for on an accruats basls and has been cla551fled under headings that aggregote all Cost lated to the category. Where costs rAnnot be dlrecdy attributed to partlcubr headlngs they have been allocated to activltle5 on a basis consistent with the use of resources. TJngiW• fix•d 4ssets Depreciation is provided at the followlng annual rates in order to wrlte off each asset over Its estimated usefvl Ufe. Plant and machinery Flxtures and fittlngs Computer equlpment 15% on reducitvj balance 15% on reduclng balance 33Wo on reducing balance Tax*lon The charlty is exempt from tsx on Its charttsble actiyltles. Fund a¢¢ountin4 Unrestricted funds carl be used In accordance wlth the charitoble obJectlve5 at the dlscretlon of the trustees. Restricted fvnds can only be used for particular restrirted purp05es within the objects of the charlty. Restrirtlons aT15e when specified by the donor or when funds are raised for particular restrirted purposes. Further explanation of the nature and pury)ose of each fund is indud8J In the notes to the financlal statements. Hire pur£hase and leaslng commltments Rentals paid under operting leases are charged to the Statement of Financlal Arttyitles on a straight line basis over period of the lea. P•Mlon ¢osts and othor post-rotirement ben•ffts The charity operates a defined contribution pension scheme. Contributions payable to the charlty's pension scheme are charged to the Statement of Financlal Activltles In the perfod to which they late.
REGENCY HALL COMMUNrrY CENTRE NOTES TO THE FINANaAL sfATEMENTS- contlnu FOR THE YEAR ENDED 28 FEBRUARY 2025 IX>NATIONS AND LEGACIES 2025 2024 Donations Grants 18,058 4,469 Grants recelved, Included In the above, are as follows.. 2025 2024 Pembrokeshlre County Council Pembrokeshlre Associatton of Voluntary SeNlces OThER TRADING ACTivifiES 2025 2024 Fundralslng everrts Social lotteries 14.089 17,283 XNVESTMENT INCOME 2025 2024 Rents te1Ved Dlvldends recèived DeryJSit account Intsrest 11,600 4,128 331 11,500 4,001 227 XNCOME FROM CHARrrABLE ACTrymES 2025 2024 Actlvlty Opetstlon of communlty hall Hlre of hall CHARITABLE ACTIvrr£ES COSTS Direct Support Totals Opefatlon of tt)mmunlty hall 100 361
REGENCY HALL COMMUNrrY CEIITRE IIOTES TO THE FItIANCIAL STATEMENTS - ntInUed FOR THE YEAR ENDED 28 FEBRUARY 2025 TRUSTEES. Rt14UNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 Febwary 2024. There were no trustees, expenses paid for the year ended 28 Febrvary 2025 ngr for the year ended 29 February 2024. srAFF COSTS The average monthly number of wnployees durfn9 the year was as follows: 2025 2024 Part tlme Full time No employees reiVed emoluments In excess of £60,000. 2017 C014PARATIVES FOR ThE sfATEMEwf OF FINANCIAL ACTivrrxES Unrestrkted Restricted Endowment funds funds fund Totsl funds INCOME AND EfiDOWMEI•TS FROM Donations and legacies 4,469 4N69 a)arltable act5vltles Operatlon of communtty hall 59,823 59,823 other trading activities Investment Income Other Income 17,283 15.n8 1,610 17,283 15,728 Total EXPENDrnIR£ 011 Ralsing funds 12,797 12,797 Charftabl• •¢tlvltles Operation of conununlty hall 745 Total 99,779 745 100,524 Net galnsl{105ses) on investments NEf INCOMEI(EXPENDrnIRE) (866) (7451 (5,239) (6,850) RECQNCIUATION OF FUNDS Totsl funds brought forward 32,542 1,4a4,119 119,464 1,636,125 TOTAL FUNDS CARRIED KIRWARD 31,676 1483 374 114 225 1629 275
REGENCY frIALL COMMuNrrY CENTRE hlOTES TO ThE FINANaAL sfATEMENTS- ¢ofttlftu•d FOR THE YEAR ENDED 28 FEBRUARY 2025 10. TAIIGIbLE PIXED ASSETS Flxtures and ftttlngs Freehold property Hant and machlnery Computer equipment Totals cosr At l March 2024 Additions 1,494,271 9,781 475) 20.385 1,063 1,525,500 At 28 February 2025 1494 271 1 530 232 DEPRECIATIOII At l March 2024 Charge for year 4,692 763 16,511 910 893 584 22,096 At 28 February 2025 14ET BOOK VALUE At 28 February 2025 1.494.271 1,505 879 At 29 February 2024 1494 271 170 1 503 404 11. FXXED ASSEf lNVEsfMENTS Unllsted Investments MARKEf VALUE At l March 2024 Revaluations 114,225 At 28 February 2025 126 331 Nrf BOOK VALUE At 28 February 2025 126 331 At 29 February 2024 114 225 The were no Investment assets outslde the UK.
REGENCY HALL COMMUNrrY CENTRE IIOT£S TO THE FINAIICIAL sfATEMEtITS - contlnuod FOR THE YEAR ENDED 28 FEBRUARY 2025 11. FXXED ASSET INVESTMENTS - o)ntlnyed Cost or valuation at 28 February 2025 is Psented by: Unllsted investmerts Valuatlon in 2016 Valuatlon in 2017 Valuation in 2018 Valuation In 2019 Valuation In 2020 Valuation in 2021 Valuation in 2022 Valuatlon in 2023 Valuatlon In 2024 Valuation in 2025 (26,052) 16,444 (7.601) 11,165) 124 3,863 5,120 {5,239) 12,106 120 950 126 331 12. DEBTORS: Amovrfrs FALUtIG DUE WmllN ONE YEAR 2025 2024 Trade debtors Prepayments and accrued Income 3.526 3,526 872 13. CRfDrfoRS: AMOUNTS FALUIIG DUE wfTHIN ONE YEAR 2025 2024 Taxation and s(Kial security Other creditors 485 477 10.259 14. •IOVEMENT IN FUIIDS Net movement In funds Transfers between funds At 1.3.24 28.2.25 Unrestri¢ted fvnds General fund Lottery 31,676 20,354 187 (15,000) 37,030 31,676 20,167 51,843 RtrIcted funds Buildlng fund Flxed assets fund 1,479,153 IA79,153 632 1,483,374 (632) 1,482,742 endownwnt funds Evelyn Coffee Tavem Fund 114,225 12,106 126,331 TOTAL FUNDS 1629 275 -io-
REGEIICY HALL COMMtsNITY CENTRe NOTES TO THE FINANCIAL sfATEMEKts - ctsntlnued FOR THE YEAR ENDED 28 FEBRUARY 2025 14. MOVEMEltr IN FUNDS- ¢tsntlhu Net movement tn funds, included in the above are as follows". IrornIng Resources Galns and Movement resources expended losses in funds Unmtrlcted funds General fund 130,058 (109,7LW) 20,354 132,IW9 (111,932) 20,167 Flxed a55ets fund (632) (632) t10m•nt fvnd• Evelyn Coffee Tavern Fund 12,106 12,106 TOTAL FUNDS 112 564) 31,641 Comparatlves for hytsvement in fund8 Net movement In funds At 29.2.24 t 1.3.23 Unrestrl¢ted funds General fund 32,S42 (866) 31,676 Rèstrlcted funds 8uilding fund Fixed assets fund 1fv79,153 1,479,153 1,484,119 (745) 1,483,374 Endowment funds Evelyn Coffee Tavern Fund 119A64 (5,239) 114,225 roTAL FUNDS Comparntive net movement in nds, induded in the above ère as follows: Incomlng resources Resources expended Galns and losses Movement in funds Unrestrlrtad tund• General fund 98,913 (99,779) (866) Fixed assets fund (745> (745) Endowrnent funds Evelyn Coffee Tavern Fund (5,239) (5.239) TOTAL FUNDS -li-
REGENCY MALL COMMuiifTY CENTRE rioTES TO THE FINANCIAL sfATEMENTS - continued FQR THE YEAR ENDED 28 FEBRUARY 2025 14. IIOVEMEIIT IN FUNDS- ¢•ntlnu•d A current year 12 months and prlor year 12 month$ comblned position Is as follows: Transfers between funds movement in fufKIs At 28.2.25 At 1.3.23 Unrestri¢ted funds General fund Lottery 32,542 19,488 187) (15,000) 37,030 32,542 19,301 51,843 R•strl¢tqd funds Building fund Fixed assets fund 1,479,153 1,479,153 3.589 1.377) 1,484,119 (1,377) 1,482,742 endowmort fvnds evelyn Coffee Tavem Fund 119,464 6,867 126,331 TOTAL FUNI)S 1 636 125 1 660 916 A current year 12 months and prfor year 12 months comblned net movement in furH15, included In the above are as folk*WS: Incomlng Resources re5wrces expended Gains and Movement losses in ftfnds Unrestrl¢t•d funds General fund Lottery 228,971 2,041 (209,483) 19,488 187 231,012 (211,711) 19,301 R•stricted fund• Fixed assets fund (1.377) (1,377) Endowment fundg Eyelyn Coffee Tavem Fund 6,867 6,867 TOTAL FUNDS 231.012 213.088 15. RelATeD PARTY DISCLOSURES TheR vdere no related paty transartlons for the year ended 28 February 2025. -12-
REGENCY HALL COMMUNITY CEt4TRE DEfAILED sfATÉME14T OF FINANCIAL AcrivmES FOR THE YEAR ENDE1> 28 FEBRUARY 2025 2025 2024 INCOME AND eNI>OWMeNTS Donatlons and 1•9aci•s Donations Grants 18,058 4,469 27,177 4,469 Other tradlng actlvlUe• Fundraislng events Soclal lotteries 14,089 17,283 17,574 17,283 Inv••tm•nt Incom• Rents received Dividends receiveil Deposlt account Interest 11,600 4,128 331 11,500 4,001 227 16,059 15,728 Charltable a¢tlvRS Hlre of hall 69,566 59,823 Oth•r IneoTh Miscellaneous Income 132,099 98,913 ExpeNDrnIRI Othér tradlno a¢UvttJo• Purchases Lottery wlnnlngs and expenses 9,975 12,797 12,203 12,797 Charttabl• a¢Uvltle• Wages Penslons Rent - SCC Rates and water Insurance Llght ènd heat Telephone Postage and statjonery Advertislng Sundries Repairs to woperty Perfoming rfghts and entertainment licences Carried forward 51,793 677 20 1.012 3.035 19,258 2,091 1,379 266 50,003 644 20 1,946 3,510 14,070 1,790 777 466 833 8,346 12,862 2,065 95,319 1,799 84,204 This page does not form part of the statutory financtal ststements -13-
REGENCY HALL COMMUNITY CENTRE DEfAILED STATEMENT OF FINANCIAL ACTIVITXES FOR THE YEAR ENDED 28 FEBRUARY 2025 2025 2024 Charit4ble artlvlties Brou9ht forward Cleaning and caretaker Subscriptions and donations Plant and mathinery Flxtures and fittings Computer equlpment 95,319 355 736 763 910 584 84,204 435 400 898 98,667 86,705 Support ¢osts Flnancq Bank ¢harges {56) 2n Governanc• emts Accountancy and kgal fees Professlonal fees 750 750 750 Total resources expended 100 524 Ilet in¢ome/(exp¢ndlturn) bth)rn galn$ and losse• 19,535 (1,611) Reall$ rK¢)gnlsed galns and loss Realised gèins/(losses) on fixed asset Investments Net Inme/(¢xP•DdI1Uro) This page does not form part of the statutory finanaal statements -14-