## Ludchurch Village Committee
**(Charity Reg. Number - 1174902 )**
## **- Trustees Report 2020 21**
I’m pleased to say that some progress has been made as listed in the following sections:-
**A) Organisational -** The Board of Trustees has been working hard all year, particularly in completing the renovation of Longstone Chapel into a Community Hall.
Trustees also applied for additional funding from a number of other grants from various bodies, most of which were successful.
## **B) Hall/Chapel Development -**
- Builders continued to work in 2020 during most of the Covid-19 Pandemic.
- By April 2020 the work was completed, the Hall was ready for opening but was obviously prevented by Covid-19 Regulations.
- At the end of March, the Hall was completed and furnished. Covid guidelines and Regulations were followed strictly but we were unable to open the Hall to the Community for use at anytime due to these regulations.
- There were glimmers of hope that by the late spring/summer, rules may be relaxed so we waited for events to unfold.
## **C) Social Activities -**
- Unfortunately, the Covid lockdown prevented all social activities up to
- March 2021.
- We therefore were unable to open the Hall for income from Bookings, no
- major fund-raising events were held. The only small income we received was from the continuation of our 100 club draw every month, but even this had problems in renewing previous subscriptions.
- Financially we struggled, but then received grants and support from our
- County Council, if not for this support we would be suffering serious financial problems.
## **Anthony**
**Evans Chair**
## **Ludchurch Village Committee**
**April 2021**
**Company Registration No. 1174902 (England and Wales)**
**LUDCHURCH VILLAGE COMMITTEE ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021**
## **LUDCHURCH VILLAGE COMMITTEE ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS**
||**Page**|
|---|---|
|Company information|3|
|Directors' report|4|
|Income statement|5|
|Statement of financial position|6|
|Notes to the accounts|7|
|Detailed profit and loss account|9|
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**LUDCHURCH VILLAGE COMMITTEE COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2021**
**Directors** Dr Anthony Victor Evans (Chair) Cathy Lee David Thomas Elizabeth Thomas Joanna Phillips Lynette Agnes Evans Mark Lee Richard Phillips **Company Number** 1174902 (England and Wales) **Registered Office** Fairview Ludchurch Narberth Pembrokeshire SA67 8JF **Accountants** Easy Accounting Services Ltd Unit 3 Narberth Bridge Business Park Narberth Pembrokeshire SA67 8RA
- 3 -
## **LUDCHURCH VILLAGE COMMITTEE (COMPANY NO: 1174902 ENGLAND AND WALES) DIRECTORS' REPORT**
The directors present their report and accounts for the year ended 31 March 2021.
## **Directors**
The following directors held office during the whole of the period:
Dr Anthony Victor Evans (Chair) Cathy Lee David Thomas Elizabeth Thomas Joanna Phillips Lynette Agnes Evans Mark Lee Richard Phillips
## **Statement of directors' responsibilities**
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Mark Lee Director
Approved by the board on:
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**LUDCHURCH VILLAGE COMMITTEE INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**
|Administrative expenses
Other operating income
**Operating profit**
**Profit on ordinary activities before taxation**
Tax on profit on ordinary activities
**Profit for the financial year**|**2021**
**£**
(10,548)
36,774
26,226
26,226
-
26,226|**2020**
**£**
(148,640)
154,588|
|---|---|---|
|||5,948|
|||5,948
-|
|||5,948|
- 5 -
**LUDCHURCH VILLAGE COMMITTEE STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2021**
|**Notes**
**Fixed assets**
Intangible assets
4
Tangible assets
5
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
6
**Net current assets**
**Net assets**
**Capital and reserves**
Capital redemption reserve
Profit and loss account
**Shareholders' funds**|**2021**
**£**
3,000
43,500
46,500
28,499
(10,000)
18,499
64,999
32,825
32,174
64,999|**2020**
**£**
3,000
44,250|
|---|---|---|
|||47,250
19,172
(16,698)|
|||2,474|
|||49,724|
|||43,776
5,948|
|||49,724|
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on and were signed on its behalf by
Mark Lee Director
Company Registration No. 1174902
- 6 -
## **LUDCHURCH VILLAGE COMMITTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1 Statutory information**
Ludchurch Village Committee is a private company, limited by shares, registered in England and Wales, registration number 1174902. The registered office is Fairview, Ludchurch, Narberth, Pembrokeshire, SA67 8JF.
## **2 Compliance with accounting standards**
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
## **3 Accounting policies**
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
## _**Presentation currency**_
The accounts are presented in £ sterling.
## _**Tangible fixed assets and depreciation**_
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
|Fixtures & fittings|15% Straight line|
|---|---|
|Other tangible fixed assets|15% Straight line|
## _**Intangible fixed assets**_
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
|**Intangible fixed assets**
**Cost**
At 1 April 2020
At 31 March 2021
**Amortisation**
At 1 April 2020
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020|**Other**
**£**
3,000|
|---|---|
||3,000|
||-|
||-|
||3,000|
||3,000|
## **4 Intangible fixed assets**
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**LUDCHURCH VILLAGE COMMITTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021**
|**Tangible fixed assets**
**Cost or valuation**
At 1 April 2020
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020
**Creditors: amounts falling due within one year**
Other creditors
Deferred income|**Land &**
**buildings**
**£**
At cost
40,000
40,000
-
-
-
40,000
40,000|**Fixtures &**
**fittings**
**£**
At cost
5,000
5,000
750
750
1,500
3,500
4,250
**2021**
**£**
10,000
-
10,000|**Total**
**£**
45,000|
|---|---|---|---|
||||45,000|
||||750
750|
||||1,500|
||||43,500|
||||44,250|
||||**2020**
**£**
10,000
6,698|
||||16,698|
## **5 Tangible fixed assets**
## **6 Creditors: amounts falling due within one year**
## **7 Average number of employees**
During the year the average number of employees was 0 (2020: 0).
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## **LUDCHURCH VILLAGE COMMITTEE DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021**
This schedule does not form part of the statutory accounts.
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|**Administrative expenses**|||
|Rates|92|-|
|Light and heat|494|210|
|Insurance|1,488|1,606|
|Repairs and maintenance|7,218|145,054|
|Depreciation|750|750|
|Donations|50|-|
|Sundry expenses|320|280|
|Other legal and professional|136|740|
||10,548|148,640|
|**Other operating income**|||
|Other operating income|1,467|154,588|
|Government grants|35,307|-|
||36,774|154,588|
|**Operating profit**|26,226|5,948|
|**Profit on ordinary activities before taxation**|26,226|5,948|
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