## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** **STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** **REGISTERED CHARITY NUMBER 1165523** ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** ## **INDEX TO THE FINANCIAL STATEMENTS** |Legal and Administrative Details
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements|**PAGE**| |---|---| ||1
2 - 3
4
5
6
7 - 9| ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** ## **LEGAL AND ADMINISTRATIVE DETAILS** TRUSTEES Mrs Eira Roberts Mr Denis Hywel Whitney Mr Geraint Lewis Mr Ian David Thomas Taylor Mrs Christine Powell Mr William Ware (Appointed 10/03/2024) Mr Dafydd Francis (Appointed 10/03/2024) REGISTERED OFFICE: Onllwyn & District Community Welfare Association C/o Mr B.L. Parfitt 22 Dulais Road Seven Sisters Neath SA10 9EL CHARITY COMMISSION REGISTRATION NUMBER 1165523 INDEPENDENT EXAMINER J Wallage FCA CISWO (Trading) Limited The Old Rectory Rectory Drive Whiston Rotherham S60 4JG BANKERS Lloyds Bank 1 ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** The trustees present their report along with the financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts (page 7). ## **Constitution and Objects** The Charity is governed by a Charitable Incorporated Organisation (CIO) Foundation document registered on the 10th February 2016. The charity registration number is 1165523. To promote for the benefit of the inhabitants of the electoral ward of Onllwyn and the surrounding area the the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the conditions of life of the said inhabitants. The trustees have referred to the guidance given by the Charity Commission on public benefit when reviewing the charity's aims and objectives and details of the activities that have taken place during the year can be found later in this report. ## **Organisational Structure** The trustees who have served the charity during the period are shown on page 1. The charity is responsible for maintaining the premises and its contents and grounds in a suitable state of repair for use by those who live in the surrounding area . It raises income through various charitable activities, the main one being the hiring out of its facilities to the general public along with housing the local male voice choir. Trustee vacancies are advertised and interested parties are asked to apply in writing. Suitable candidates will be informed by the relevant nominating body, either CISWO or the NUM South Wales Area. ## **Financial Review** The charity recorded total income of £24,978 for the financial year (2024: £41,593) expenditure for the year was £31,323 (2024: £33,465). This has given rise to a deficit of £6,345 (2024: surplus £8,128) At the end of the period net assets were recorded at £166,150 (2024: £172,495). Net current assets were recorded at £43,751 (2024: £46,256). ## **Review of Activities** The centre is hired out for a wide range of functions. Birthday parties, weddings, Global Centre of Railway Excellance for meetings, other organisations including Onllwyn Welfare Ladies Section (OWLS) who have regular talks with light refreshments. Cor Meibion Onllwyn have weekly practice and hold events throughout the year. Line Dancing including lessons and functions.There are also events put on by local artists, film shows and occassionally film makers have used the Hall. 2 ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)** ## **Investment Policy** The charity's liquid assets have been placed in interest bearing bank accounts, thus providing some income for the charity in the form of interest received whilst keeping the monies readily available should they be required. ## **Reserves Policy** It is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity, at a level to provide sufficient funds to cover anticipated administration and support costs. Any additional reserves are held to provide a capital fund for repairs that will be required to upkeep the premises. The trustees understand that reserves will need to be increased to update what is an ageing building in the coming years. ## **Risk Management** The trustees are aware of the operational and financial risks which the charity faces and regularly review those risks to mitigate against any impact they may have on the charity. The trustees have a reasonable volunteer bank which aids in the running of the charity but recruitment and succession planning for volunteers and trustees alike is important. ## **Statement of Trustee Responsibilities** Law applicable to charities in England and Wales required the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. ……………………………………….. ……………………………………….. Signed - Trustee Print name - Trustee Date - ………………………………. 3 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF** ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** I report to the Trustees on my examination of the accounts of the above named charity (registered no.1165523) for the year ended 31 March 2025, set out on pages 5 to 9. ## **Responsibilities and basis of report** As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Trustees' accounts carried out under section 145 of 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. ## **Independent Examiners 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: - (1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or - (2) the accounts do not accord with those records; or - (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. 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 accounts to be reached. ……………………………………………… J Wallage FCA CISWO (Trading) Limited The Old Rectory Rectory Drive Whiston Rotherham S60 4JG Date ……………………………….. 4 ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
2025 2024
Unres- Res- Unres- Res-
tricted tricted Totals tricted tricted Totals
Fund Fund 2025 Fund Fund 2024
Note
INCOMING RESOURCES £ £ £ £ £ £
- - -
Grant - Maes Gwyn Windfarm 15,000 15,000
Feed-in-tariff 1,927 - 1,927 - - -
Bar Income 13,769 - 13,769 16,907 - 16,907
Hall Hire 9,282 - 9,282 9,686 - 9,686
Total Incoming Resources 1 24,978 - 24,978 26,593 15,000 41,593
RESOURCES EXPENDED
Bar Purchases 6,640 - 6,640 8,639 - 8,639
Cellar Gas 613 - 613 210 - 210
- -
Cleaning & Waste Disposal 1,455 1,455 2,084 2,084
- -
Light & Heat 1,271 1,271 3,142 3,142
- -
Heating Oil 2,148 2,148 1,554 1,554
- -
Repairs & Renewals 3,664 3,664 8,028 8,028
- - - -
Oil tanks & Security Equipment 4,970 4,970
Telephone 942 - 942 743 - 743
Insurance 1,979 - 1,979 2,010 - 2,010
Rates & Water Rates 971 - 971 546 - 546
Licence 180 - 180 339 - 339
Legal Fees 500 - 500 - - -
Accountancy 738 - 738 702 - 702
- -
Sundry Expenses 1,412 1,412 1,628 1,628
Depreciation 260 3,580 3,840 260 3,580 3,840
Total Resources Expended 1 27,743 3,580 31,323 29,885 3,580 33,465
Net Movement in Funds (2,765) (3,580) (6,345) (3,292) 11,420 8,128
Fund Balances at 1 April 2024 144,373 28,122 172,495 147,665 16,702 164,367
Transfer between funds 7 4,122 (4,122) - - - -
Fund Balances at 31 March 2025 145,730 20,420 166,150 144,373 28,122 172,495
**----- End of picture text -----**
5 ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** ## **BALANCE SHEET AS AT 31 MARCH 2025** |**FIXED ASSETS**
Tangible Assets
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**LESS: CURRENT LIABILITIES**
Creditors
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
Restricted Fund
**_Approved by the Trustees_**
**Signed**

**Printed**

**Date**
|**Note**
2
4
5
6
7
**…………**
**…………**
**…………**|**£**
**£**
122,399
1,114
41,840
42,954
(1,091)
41,863
164,262
145,730
20,420
166,150
**…………………..**
**…………………..**
**…………………..**
**2025**|**£**
**£**
126,239
2,033
44,724
46,757
(1,501)
45,256
171,495
144,373
28,122
172,495
**2024**| |---|---|---|---| 6 ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION** ## **CHARITABLE INCORPORATED ORGANISATION** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. ACCOUNTING POLICIES** ## **a. Basis of preparation and assessment of going concern** The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102), the Financial Reporting Standard (FRS 102) and the Charities Act 2011. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in the preparation of the accounts. ## **b. Income Recognition** Income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## **c. Expenditure Recognition** 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. ## **d. Depreciation** The trustees have determined that the land and buildings transferred from the friendly society will be transferred at a nominal value of £100,000. The land and buildings will not be depreciated until a true valuation for the assets is conceived. Depreciation is provided on fixed assets other than freehold property in order to write off the cost of those assets over their expected economic lives. The rate of depreciation used is:- Fixtures, Fittings & Equipment 10 % Straight Line ## **e. Grant Recognition** Grants received have been placed into a restricted fund until fully expended. 7 ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** |**2.**
**3.**
**4.**
**5.**|**FIXED ASSETS**
Cost
At 01.04.2024
Additions
At 31.03.2025
Depreciation
At 01.04.2024
Charge for Year
At 31.03.2025
Net Book Value
At 31.03.2025
At 31.03.2024
**STOCK**
Stock
**DEBTORS**
Accrued Income
Prepayments
**CASH AT BANK AND IN HAND**
Community Account
Cash in Hand|**Fixtures,**
**Fitting &**
**Equipment**
£
38,399
-
38,399
12,160
3,840
16,000
22,399
26,239|**Land &**
**Buildings**
£
100,000
-
100,000
-
-
-
100,000
100,000
**2025**
£
1,888
1,888
-
1,114
1,114
36,546
5,294
41,840||**Total**
£
138,399
-
138,399
12,160
3,840
16,000
122,399
126,239
**2024**
£
1,000
1,000
800
1,233
2,033
42,524
2,200
44,724| |---|---|---|---|---|---| 8 ## **ONLLWYN AND DISTRICT COMMUNITY WELFARE ASSOCIATION CHARITABLE INCORPORATED ORGANISATION** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
2025 2024
6. CREDITORS £ £
Accountancy Fees 738 702
Welsh Water 244 244
SSE 109 555
1,091 1,501
B/F Incoming Outgoing C/F
7. RESTRICTED FUNDS 01/04/2024 Resources Resources 31/03/2025
£ £ £ £
- -
Celtic Energy 1,742 1,742
- -
Onllwyn Community Council 2,380 2,380
Onllwyn Community Council 2,950 - 590 2,360
-
Windfarm (Solar Panels) 7,550 1,490 6,060
Maes Gwyn Windfarm 13,500 1,500 12,000
-
28,122 7,702 20,420
**----- End of picture text -----**
The historical grants from Celtic Energy and Onllwyn Community Council have been held for retentions. Now that the retention period has passed these have been released. 9