## **Trustees’ Annual Report for the period**
**From:** 01[st] April 2023 (Period start date) **To:** 31[st] March 2024 (Period end date) **Charity name:** Margam Community Centre
## **Charity registration number:** 1168678
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To further or benefit the residents of the
electoral ward of Margam and the
neighbourhood, without distinction of sex,
sexual orientation, race or of
political, religious or other opinions by
associating together the said residents
and the local authorities, voluntary and
other organisations in a common effort
to advance education and to provide
facilities in the interests of social welfare
for recreation and leisure time occupation
with the objective of improving the
conditions of life for the residents.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|To host and facilitate the meeting of various
local groups and organisations that improve
the wellbeing of residents. Groups and
activities utilising the facility include a
Karate club, a woodturning organisation,
Age Connects, Slimming World and Flying
Start.
The diverse nature of the groups means
that all age ranges are catered for.
The Centre also acts as a venue for private
hire, with uses including birthday parties in
the main hall.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|In planning and delivering these activities
and services, the trustees have had regard
to the guidance issued by the Charity
Commission on public benefit.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38||
|Policy on social investment
including program related
investment|Para 1.38||
|Contribution made by
volunteers|Para 1.38|The volunteers involved continue to make a
positive contribution in ensuring the facility
remains open and accessible for the local
community.|
|Other|||
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Despite financial challenges posed by utility
bills and previously high periods of inflation,
the Community Centre continues to offer
an accessible and affordable community-
based facility for groups and services to
access.
Each of these play a role in improving
wellbeing – from improving physical health
to combating loneliness and social
isolation.
Whilst many community facilities have
increased their hire prices, the sound
management of the Centre and its finances
has enabled an attractive pricing structure
to remain in place that is key to ensuring
the long term viability of the
aforementioned services.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|Please see associated accounts|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|We have a healthy level of reserves in the
bank. This is to mitigate against future cost
pressures relating to energy and utilities,
along with any building maintenance works.|
|Amount of reserves held|Para 1.22|Please see associated accounts|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Principal sources of income continue to be
revenue generation through room and hall
hire.|
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46|The trends of declining numbers attending
groups post-pandemic continues to pose a
challenge, alongside expected rises in
energy prices over the winter period.|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution – adopted 3rdJune 2016|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Incorporated Organisation|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are appointed at the Annual
General Meeting, with any interim positions
appointed with the approval of Trustees at
the earliest business meeting.|
**Additional information (optional)** You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Margam Community Centre|
|---|---|
|Other name the charity uses||
|Registered charity number||
|Charity’s principal address|Margam Community Centre
39 Bertha Road
Margam
Port Talbot
SA13 2AP|
|||
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**|
|---|---|---|---|---|
||Derek Edwards|Chair|01/04/2023 – 20/06/2023||
||Dan Williams|Chair|20/06/2023 – 31/03/2024||
||Catherine Holmes|Treasurer|Wholeyear||
||Denise Renton|BookingSecretary|01/04/2023 – 13/02/2024||
||Laura Williams|Minutes Secretary
Secretary|01/04/2023 – 13/02/2024
14/02/2024 – 31/03/2024||
||Patricia Lewis||Wholeyear||
||||||
||||||
||||||
||||||
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## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)** Catherine Holmes **Full name(s)** Daniel Palmer Williams ~~ee~~ **Position (eg Secretary,** Chair Treasurer **Chair, etc)** ~~pf~~ **Date** 20/09/2024 ~~Pn~~
# Margam Community Centre Association UNAUDITED ACCOUNTS
for the year ended 31 March 2024
## Margam Community Centre Association Unaudited Accounts
## Year ended 31 March 2024
|CONTENTS|PAGE|
|---|---|
|Proprietor and Professional Advisers|1|
|Proprietor’s Approval Statement|2|
|Accountant’s Report|3|
|Proft and Loss Account|4|
|Balance Sheet|5|
|Notes to the Accounts|6 - 8|
Margam Community Centre Association Proprietor and Professional Advisers
Year ended 31 March 2024
Proprietor Business name Business address
Ms C Holmes
Margam Community Centre Association Bertha Road Margam Port Talbot SA13 2AP United Kingdom
Accountant
Carrie Ferguson Accountancy Services 4 Mynyddgarnllwyd Rd Swansea SA6 7PB United Kingdom
1
## Margam Community Centre Association
## Proprietor’s Approval Statement
Year ended 31 March 2024
I approve the accounts which comprise the profit and loss account, balance sheet and related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Carrie Ferguson Accountancy Services with all the information and explanations necessary for their compilation.
Ms C Holmes
Date: 18 September 2024
2
## Margam Community Centre Association
Report to the proprietor on the preparation of the unaudited accounts of Margam Community Centre Association
## Year ended 31 March 2024
In accordance with your instructions, I have compiled the accounts on the following pages from the accounting records and from information and explanations supplied to me.
I have not carried out an audit or any other review, and consequently I do not, therefore, express any opinion on the accounts.
Carrie Ferguson Accountancy Services
4 Mynyddgarnllwyd Rd Swansea SA6 7PB United Kingdom
Date: 18 September 2024
3
## Margam Community Centre Association
## Year ended 31 March 2024
|Note
**Turnover**
2
**Gross proft**
**Expenditure**
2
Premises costs
Legal and professional
Repairs and maintenance
General expenses
**Proft/(loss) for the year**|2024
£
22,077|2023|
|---|---|---|
|||£|
||||
|||21,639|
||22,077
12,689
900
3,565
2,473|21,639|
||||
|||12,819|
|||-|
|||7,120|
|||2,562|
||19,627|22,501|
||2,450|(862)|
||||
4
## Margam Community Centre Association Balance Sheet
## 31 March 2024
|Note
**Fixed assets**
Tangible assets
3
**Current assets**
Debtors
4
Cash at bank
**Net current assets**
**Net assets**
**Financed by:**
Capital account
5|2024
£
229
(795)
24,395|2023|
|---|---|---|
|||£|
||||
||||
|||229|
||||
|||(795)|
|||21,945|
||23,600|21,150|
||23,600|21,150|
||23,829|21,379|
||||
||||
||23,829|21,379|
||||
5
## Margam Community Centre Association
## Notes to the Accounts
## Year ended 31 March 2024
## **1 Accounting policies**
## BASIS OF PREPARATION
The accounts have been prepared under the historical cost basis and on a basis which enables the profits to be calculated in accordance with United Kingdom Generally Accepted Accounting Practice.
## TURNOVER
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
## TANGIBLE ASSETS
Tangible assets are measured at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.
## **2 Profit and loss account analysis**
## TURNOVER
|Sales
EXPENDITURE|2024
2023
£
£
22,077
21,639|2024
2023
£
£
22,077
21,639|
|---|---|---|
|||21,639|
||||
||||
|EXPENDITURE|||
|---|---|---|
|**Premises costs**
Rates
Light, heating and power|2024
£
671
12,018|2023|
|||£|
||||
|||255|
|||12,564|
||12,689|12,819|
||||
6
## Margam Community Centre Association Notes to the Accounts (continued)
## Year ended 31 March 2024
|**Legal and professional**
Accountancy fees
**Repairs and maintenance**
Repairs and maintenance
**General expenses**
General insurance
Cleaning|2024
£
900|2023|
|---|---|---|
|||£|
||||
|||-|
||2024
£
3,565||
||||
|||2023|
|||£|
||||
|||7,120|
||2024
£
812
1,661||
||||
|||2023|
|||£|
||||
|||798|
|||1,764|
||2,473|2,562|
||||
7
## Margam Community Centre Association
## Notes to the Accounts (continued)
## Year ended 31 March 2024
## **3 Tangible assets**
|**Cost**
At 1 April 2023 and 31 March 2024
**Depreciation**
At 1 April 2023 and 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023
**4 Debtors**
Trade debtors
**5 Capital account**
At 1 April 2023
Net proft/(loss) for the year
At 31 March 2024|2024
£
(795|Plant and
machinery
£
229
-
229
229|
|---|---|---|
|||2023|
|||£|
|||)
(795)|
||2024
£
21,379
2,450||
||||
|||2023|
|||£|
|||22,241|
|||(862)|
||23,829|21,379|
||||
8