ONLLWYN AND DISTRICT COMMUNITY WELFARE SOCIATION CHARITABLE INC TED ORGANISATIO ST TEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 REGISTERED CHA TY NUMBER 1165523
ONLLIfyVN A DDI ICT COMMUNITY WELFARE ASSOCIATION BLE INCORPORATED OR ANISATION DEXT HE FINANCIAL STATEMENT PAGE Legal and Administrative Details Tru51ees' Report Indapendenl Examinerfs Report Statement of Financlal A¢ttvlls Bajance Sheet Notes to tho Flnan¢i81 St*ements
ONLLIVYN AND DI TRICT COM UNITYWEL ARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATI LEGAL AND ADMINIST E DETA TRUSTEES Mrs Eira Roberts Mr Denis Hywel whit1Y Mr Geraint Lews Mr lan David Thomas Taylor Mrs Christine Powell REGISTERED OFFICE.. Onlwn & Dt'stiict Comrnunity Wolfwe A850cAation Clo Mr 8.L. Parfitt 22 Dulais Road Sevpn Sisters Neath SA10 9EL CHARITY COMMISSION REGISTRATION NUMBER 1165523 INDEPENDENT EXAMINER J Vvallage FCA CISWO ITradingl Lirntsd The Old Recltxy R8etory Drive Whislon Rotherham S60 4JG BANKERS Uoyds 8ank
NLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION HARITABLE INCORPORATED ORGANISATION EPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their report along Wlth the financial statements of thè charity lor the year ended 31 March 2024. The financial statements have been prepafed in accordance wth the acL))unting polici8s sel out in Note 110 the accounts (page 71. Con8lltution and Objects The Gharity is governed by a Charitable Inwrporaled Organisation ICIOI Foundation document r89lSt8red on the 10th February 2016. The charity registration number is 1165523. To proTnole for the benefit of the irhabrtants of the electoral ward of Onlwn and the surrounding area the the provision of faalities for recrèatiorn or other leisure time occupation of individuals who have need ol such facilities by reason of their youth, age. infirmity or disablement, financial hardship or social and economic circumstances or for the publi¢ al large in the interests of social welfare and wlh the obj8Ct of improving the conditions of lifa of the said inhabitants. The Iruslees have referred lo the guidan¢e given by the Charity Commission on public benefit when reviewing the charitls aims and objectives and details of the activities that have tsken pce during tho year can be found later in this report. Organiiational Structure Thè trustees who have served the charity during Ihe period are sho¥*n on page 1. The charty is responsible lor maintaining the premisès and ils contents and grounds in a suitable slate ol repair for usa by those who live in the surrounding area ,11 raises income through various charitable activities, the main one being the hiring of ils facilities lo the general public along wth housin9 the local rnale voice choir. Tiuslee vacancies are advertised and Intested partie5 are asked to apply in writing. Surtable candidates wll be informed by the relevant nominating body, either CISWO or thè NUM South Wales Arèa. Financial Review The charity recofded total income of £41.593 for the financAal year12023.' £33,545) expendfture for thè year was £33.46512023.' £29,311). This has given rise lo a surplus of £8.18212023.' surplus £4,234) Al the end of the perfod net assets were recorded at £172.49512023'. £164.3671. Net current assets were recorded at £46,25612023'. £51,887). Revlew of Activities On the whole the Iruslees are pleased wth the results for the year. This follows extensive repabr work at the Cent which has enabled rnore extensNe use of the tacIl.es.
NLLWYN AND DI UNITY OCIATION RITABLE INCORPORATED ORGANISATION REPORT OF THE TRU TE SFOR THE YEAR ENDE RCH 2024 coKriNUED Imiegtm•nt Poll¢y Thè charity's liquid assets have L*en placed in interest bearing b8nk accounts. thus providing some income for the ¢h8rity in the form ol inlerast ceiVed whilst keeping tlx rnonies readily available should they be required. Res8ms Pollcy 11 1$ the pdicy of the trustees to malntsin reStricted funds vA)i¢h are the free reserves of the charity, at a level to wovide svfficienl funds to COV8r anliopated administration and support CQ8ts. Any addib'onal reserves are held to provide a capital fund for repairs that will be required to upkeep the prernises. The trustees understsnd that reserves 11 need to be increased to update what is an ageing bullding In the coming years. Rlsk Management The Iruslees are aware of the operational and financial risks which Ihe eharfty f8¢e$ and regularty review those risks to mitigate against any impact they may have on the charity. The trustees have a reasonale volunteer bank which aids in thè runniro of the charity but recruitment and succession planning for volunteers and trustees alike is irnportant. stotsment of Trustee R•spon¥lbllltle8 Law applicable to charities in England and Walès rèquired the Trustees to prepa flnancial statements for each financial year which gNe a true and fair view ol the d)arfty and of the incoming re8CAJrces and application of m$our¢es ol the charity lor that perK)d. In preparing those finanaal statements, the tlee8 a required to.. Select suitable accountlng and then apY them consistenuy,. cbserve the methc¥Js and princ4e$ in the Charitse5 SORP., make judgements aThJ ests"males that are wSOnae and prudent., state whether applicable accounts'ng standards have been lollohed subject to any material departures disclosed and explained in the fi'nanaal statements., wepare the financ181 statèments on the golng ncern basis unless it is inappropriate to presume that the charty will COnn¢ in operation. The Trustees are also rosponsibje for keeping proFer aceoLJnVng CordS %sthich disclose reasonable acojracy al any time the finanaal posillon of the charty and ttiCh enable them to ensure that the financil statements comply wth the Charities Act 2011. They are also responslble lor safeguardirrfJ assets of the charty and hen for taking ie880nable steps for the preventy'on ol fraud and olhor irregularits'es. Sign ee Print name- Trustee
INDEPE DENT EXAMINER'S R E TRUSTEE ONLLWYN AND DISTRICT COMPAUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION I r¢port to the Trustees on rny examination of the accounts ol th& abovè named tharity Iregistwed no.11655231 lor the ye endod 31 March 2024, set out C¥) Pages 510 9. s1bllle9 and basls of re As the charity trustees you are responsi1e lor the proparation of the accounts in aCcordae vAth the requirernenls ol the Charib'es Act 2011 (the Acll. I report in respect ol my ex8mination of the Trustee$, a¢counts carried under section 145 of the 2011 Act and in carrying out my eKamin8lron I have folbwed all the applicable directions given by the Charity Commission under seCtn 14515}Ibl of the 2011 knt. Inde end•nt E ststement I have completed my examination. I confim that no material matters hava comè to my attention in connection wth the examination giving me wse to ballava that in fflater1 respect.. 111 accounting ordS wore not kept in respect of thè Charity as required by secthm 130 of the Act,. or 121 the accounts do not accord with those records., of 131 the accounts do not cornply with the aPIcable requirements conrning the form and content of accounts set wt in the Charities IAccixJnts and Reports) Regulations 2008 other than any requirement that the awunts give a'true and fair vithv ¥thlch 18 not a matter considered as part of an independent examination. I have no concems and have ccme across no othar matters in o)nnection the examination to whictt attention should be draTr in this report in order to enable a proper understanding of the accounts to be reaced. J Wallage FCA CISWO ITradingl Lirnited The Old Rectory Rectory Drwa Whi81on Rotherham S60 4JG
ONLLTNYN AND DISTRICT COMMUNITY WELFARE ASSOCIATIO CHARITABLE INCORPORATED ORGANISATI STATEMENT OF FINANCIAL ACTIVITIES FOR THE R ENDED 31 MARCH 2024 2024 Res- tricted Fund 2023 Res- tricted Fund Unres- tricted Fund Unres- trlcted Fund Totals 2024 Totals 2023 Note INCOMING RESOURCES Grant- SWMTF Grant- Maes Gwyn Windfarm Feed-in-tariff Bar Income Hall Hire 4 Aces 1,000 1.000 15,000 15,000 800 18.643 10,902 2,200 800 18,643 10.902 2.200 16,907 9.686 16,907 9,686 Total Incomlng Resources 26.593 33,545 RESOURCES EXPENDED Bar Purchases Celjar Gas Cleaning 8 Waste Disposal Light & Heal Healing Oil Repairs & Renewals Telephone Insurance Rates & W*er Rates Licence Accountancy Sundry Expense8 Depreciation 8,639 210 2.084 3.142 1,554 8,028 743 2,010 546 339 702 1.628 260 8.639 210 2,084 3,142 1,554 8.028 743 2.010 10,551 127 1.410 2,651 3.076 4,211 699 1,883 687 180 674 1.082 10,551 127 1,410 2,651 3,076 4,211 699 1,883 687 180 674 1.082 2.080 339 702 1,628 3,580 2,080 Total Resources Expended 29.885 3.580 27.231 2.080 Net Movement in Funds 13,2921 11,420 8,128 6.314 {2,0801 4.234 Fund Balances at 1 April 2023 147,665 10,702 164.367 141,351 18,782 160.133 Fund Balances at 31 March 2024 144.373 172.495 147 665 164,367
ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION BALANCE SHEET AS AT 2024 02 Note FIXED ASSETS Tangible Assets 128.239 112.480 CURRENT ASSETS Stock Debtors Cash at bank and in hand 1,OCM) 2,033 44,724 1.CX)O 3,037 48,813 47.757 52.850 LES8: CURRENT LIABILITIES CredStor8 {1,5011 19631 NET CURRENT ASSETS 46.256 51,887 NET ASSETS 172,495 164.367 FUNDS Unrestricted Funds Restricted Fund 144.373 28.122 147,665 16.702 172.495 Approvodby the Tntses Slgnèd Print•d
ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION NOTES T THE ACCOUNTS FOR THE YEAR ENDED 31 P&lARCH 2024 1. ACCOUNTING POLICIES a. Basls of preparation and a53$ment of going eoneern The finanryal slalernenls havè been prepared undèr the historical cost convention unless otherwse slated in the relevant note5 to these accounts. The financAal statements have been ppared in a¢¢ordance with the Slalement ol Recommended Practi.. Accovnling and Reporting by Charities IFRS 1021, the Financial Reporting Standard IFRS 102} and the Charities Act 2011. The Iruslees consider that there are no matenal uncertainties about the charitys ability lo continue as a going concem. The trustees have a reasonable expectation that the charity ha5 adequate reserves lo Continue in operational existence for the fores&e8ble future. Accordingly the trustees ¢onlinue lo adopt the gng concern basis in the prèparation ol the accounts. b. Income Recognttlon Income is recognisèd On the Charity has enliuemenl lo the income, it is probable that the incorne will be received and the amount of income receivable can be measured reliabty. e. Expenditure Recognltlon Liabilities are recognised as expenditure as soon as thère is a legal or constructive obligation committing tha charity lo thal expenditure, il is probable that settlement wll be required and the amount of thè obligation can be measuled reliably. All expendibjrè is accounted for on an accruals basis. d. D8pr¥¢lation Thè Iruslees have determined th* the land and buildings transferred from the friendty sodety will be transferred al a nominal value of £100,000. The land and buildings wll not be depreaaled until a true valuation for the assets is concaived. Dèp1[aI1On 15 provided on fixed a55els other than freèhold property in order to write off the cost of those assets over their expected economic lives. The rale of depreciation used is:_ Fixtures, Fittings & Equipment 10 °A Straight Lina e. Grant Recognition Grants Teceived havè been plad into a r8stricted fund until fully expended.
ONLL N AND DISTRICT COMMUNITY WELFARE SSOCIATION CHARITABLE INCO RATED ORGANI A TION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARC 24 Fixre$, Flttlng & Equlpment Land & Bulldlngs Total I FIXEDASSETS At 01.04 2023 Additions 20.800 17,599 100,000 120.81JJ 17.599 At 31.03.2024 38.399 138 399 reciats.on At 01.D4.2023 Charge for Year At 31.03.2024 8.320 3,840 8.320 3,840 12,160 12.160 et 8ook Vaue At 31.03 2024 26.239 100,000 126,239 AI 31.03.2023 100000 112480 2024 2023 OCK Stock 1.000 1,000 1,000 DEBTORS Acuued Incorne Prepayrnents 800 1.233 2,237 2,033 3,037 SH AT BAN IN HAND Comrnunily AccoLfflI Cash in Hand 42.524 2,200 46.813 2,000 44 724 48 813
IVYN AND D RICT COMMUN TY IPELFARE SOCIATION CHARITABLE INCORPOIiATED OR ANISATION NOTES ro T COUNTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 6. CREDITORS Accountancy Fees Welsh Watèr SWALEC 702 244 555 674 1.501 BIF 0110412023 Incomin Resoure•s Out oin Resources CIF 3110 7. RESTRICTED UNDS Celtic Energy Onlwn Community Coundl Onllwyn Community Council Windlarm (Solar Parelsl Maes Gvryn Windfarm 1,742 2,380 3,540 1,742 2.380 2,950 7,550 13,500 1.490 1,500 15,0