Charity regi$trnÈion nllmbtr. 1179995 New Quay Memorial Hall Annual Rq)ort and Fitian¢ial Statements for the Yeat End¢d 31 December 2023
New Quay Memorial Hall Contents (continued) Referenc¢ and Adninistratlve Details Trustees, Report 2to5 Statenrnt of Trustee5' R¢sponsibilities Ind¢pendent Examiner's Report St&tement of Financial A¢tiviti¢s 8t09 Balance Sheet io Notes to th¢ Financial Staents Ilto20
New Quay MeTnorial Hall Reference and Administrative Details Chsirman J R Evans Trustees S J Evans J R Evans M Attrill S A Davies DCLte R Clissold P A Walton Charity Regi$tr2tion Number 1179995 PrineipAI Office Nant Y Gido Maenygroes New Quay Ccredigio SA45 9TR Independent Examiner LHP l North Road Abetteron Ceredigion SA46 OJD Page I
New Quay Memorial Hall TTUStees' Report The trust¢¢s present th¢ aDnllal report togetber with th¢ fit¢11 st2tcments of tlie charity for the year elldcd 31 December 2023. Objeetii'es and a¢tivlties Objecliv¢s dhdaims Our objectives and airns .£ to provid¢ YLttd nAntaIn 3 con)munity balt for tlie benefit of th¢ ar¢A in and surroullding New Quay, Cereth"gion, witbout distinction of politic&l, reliyous or oth¢r oplOns, including th¢ $t ol the facilities for meetillgs. class¢s, markets and for other fomis of recreational and leisure time activities. Objectives, StrateeS activiiles Th¢ charity was fomjed in Sept¢rnber 2018 when the activities, assets and lithilities of the prsvious "War Memorial Hall" charity number 503653, were translcrred arLd a new lease granted by the Ceredigion County Council to ihe new cornmittee to re- organise aod provide servieeg to local irthabitallts. Major renovations following a grant from the We15h Governin¢nt CFP were carticd out during tlie Covid 19 lockdown in 2020. Publgt béMÉfil The trustees confirm that they have Gomplied with the r¢quirements of s¢ction 17 of the Charities Act 2011 to have due Tcgard to the public benefii guid2u¢¢ published by the Charity Commission for England attd Wales. Page 2
New Quay Memorial Hall Trustees, Report (continued) AchAevements and performanee 2023 ha5 been a very busy year for New Quay Memorial Hall. wxth many SilfICant organisational Changes taking plact alollgsid¢ several itLVesl¢nts and improvement projects. We have stthed to plau for a replacement kitch¢n for the maArn Hall w¢ have illvegted in a new sound system, bought n¢w tables. replactd 150 Hall chairs, upgraded sotne of the lighting including exterior emergency liJts ting, and installed double 0I22ed doors to the front of the building to improvt ¢nergy Ls¢. We receivcd a Defibrillator from 'Calon H¢ans Screening and Defibrillators Wales.. now installed outside the front of tbc Hall. Atler an to[OnMents1 sllrvey in 2022. we have had to replace the baIcotty frontage with a gla7.ed balustrad¢ to confonn to new safety standards. Further improv¢ments have been nJad¢ to the storag¢ area under ihe stag¢. We had a major increas¢ in electricity priees in 202212023 aiongsid¢ continuing high general inflation. This has b¢en a major cause for CODcem as we have all n¢w ele¢tTiC radiators throughout the building. newly install¢d in 2020. The llew solar panel system - which we Imd hoped would cover a good part of our ¢lectiicity costs has proved problematic and taken many montbs to sort out. Our fo¢us continues to be on managing the Hall for ust by the New Quay and District Community, we have a]so held events in par¢nerslLiP with th¢ Working for New Quay. group - W4NQ, includxng a Silent Disco pl9 a Junior Silent Dis¢0, the Morristott Big Balld Concert and VAriou$ Christjnas evets. We continu¢ to support local school ev¢nts. the New Quay RNLI, the New Quay Yacht Club. New Quay Coast.ouard. New Quay Church as well as Blood Bank setvices. The British Legion bold th¢ir annual Remembrance Day strvice at the Hall. R¢sidents can also book the Hall for parti¢$, ¢¢lebrarions. meetings, and cat¢r¢d events. Bar serviccs are also availabl¢ by aThangement. We have also colltinued to benefjt from our wondeEftll volunteers who support the Hall through their involvem¢nt as Trustees, Trtasuttr. Library volunteers, Friday Market help¢rs, Snooker Club, Art Club aJJd Friendship Club organisers. W¢ art always looking for more volunteets. Weekly and monthly events the Hall in 2023 include Crafts. Art Club, Badmintoffj Picldcball, Yoga, Table TeE]This, Church choir, Fri¢ndship Club, Family Support Services. Camera Club, Friday Market, Seaside Sisters- WI oup and Clonc- Welsh Conversation. The New QY Community Library, rE]n by volunteers and supported by the Ceredioion Library S¢ryices is in room 4 downstairs in th¢ Hall and is open at least 3 days/¢venin¥ each week. The Snooker Club V47th two full size tables is now part of the Ceredigion County League and h&s an activ¢ memb¢tskn"p group who ¢an attess the snooker room at any lime. The Rural Futures I Sevem Wye progran)me, which is fLmded by th¢ National Lottery Community Fund, supports communities Tther¢ there is a need for better access to Iocdl services. Su¢cessful funding will be used to create a Il-time post for a Development Officer on a thre¢-year contract to organi5¢ and oversee the many activities that th¢ community has id¢ntkfied as important and czeatr oppothities to be able to then) locally. The Trustees bave been n)¢eting with our Rural Futures coordinator VictoIi& for ov¢r a year to complete the mplex applieation proc¢ss for the Nation Lott¢ry Community Grattl beginning with th¢ Story Stuth"o weekend event in Octob¢r 2022 wben Ihe H1 was officially opened by Ben take our MP. Page 3
New Quay Mtmorfial Hall Trustees, Report (continued) TTrL¢ team behind the application, wbich was Submitted in April 2023 has been wr)rking closely with the wiikr communiry and partller orEatklS&tions to undBr5tand the ch211enges and prioFlties in Éhc ¢urreni economic climv4te. Having identified a lleed to bring peoplc tObTether to socialise, leam new 5ki115 and acce55 Ènfornydtion al services support them, the New Qu&y Cotnmunity Hub, with a salaried coordsnator, will be th¢ focal point for tbese activities. ltt May 2023 the Hall was notified that the &pplicatiot] for National Lottery funding was successfvl and the Hall w awarded £144,417 ov¢r a 3-year PeTioIL gllbject tts all the terrns and conditions and isme frames being met. Thcn began tlke long proccss of orgaDising the nwiy recrutMent requirements, alld finally our new Development Officer was appointed on a probation&ry basis in November 2023, with a very spccifRL job dts¢ription from the National Lottery - firstly s¢ttg up the new activities services together with outlining th¢ methods of monitoring cth new project and m¢asuring progress against the projc¢t outcomes, with regulaT piogress reports and achievements against the outcornes and targets to be submitted to the Lottery coordinator. Lookittg ahead, we aEe now actively investLgating one major new project for 2024, anlY fll)ishing the Hall kitcbe to meet level 5 of the Environmental H¢alth Food Hygiene requirements. Further ahead we are planning to replace the stage curtains alld upgrade the stage area. Fundraising ACtitieS I'he n]ain hill, ground floor rooms. library and council room are used for rentals and a snook¢r club. There is a Weekly Friday Comtnunity Market with cafe. Other income will be raised fi om w¢¢kend special cvents, other ndraIsing and donations. FinAnciAI review Poliey oil res¢rves The ¢haritys polÈcy is ro maintain reserves of at l¢&%t £15.000 allowing for tsvo years of repairs of the builth'ug to be filnded assuming Lknat income is only gufficient to Gover Eegular expenditure plus on¢ yeat of routine ¢xpendillwe without any income. At]y Teserves held above this Icvel are to be build up to allow additional equipnjent and facilities io be prov&ded for the coimnunÈty. Free reserves at 31 st December 2023 were £116.062 (2022.. £15 7.156) of which £44,554 {2022..£44,554) were in f]xed assets. structure? #overnance and management Nlltsre ofgoveruiNg The chaTity is a Charitable IncoTPOfdted Organisatiott Wth the foulldatron model constimtion as its governing docLMnent. RecrHilment and appointment oftrusÉÉes Trusttcs are appointed by recomm¢rLdation of other trust¢¢s or by puttillg themselves fonvard for considcr&tLOn. There is no active recNitment prt*ceduTes its place. Induc¢ion aAdtruinEng oftruslees 'Cwmpas' training to be arranged for a]1 existing alltE any ncwly appointed trustres. Page 4
New Quay Memorial Hall Trnstees, Report (continued) Financial in5trumertts I report was approved by tbe trnate of the Gharity on .................... and sigtted oo its behalf by.. J R Evans Chainnan and tNstee Pa8e 5
New Quay Memorial Hall Statement of Trustees, Responsibllltles Th¢ trllstees are responsible for preparing ibe trnst¢¢s' report and th¢ ftnancial staten]ents in accordance wtth the United Kingdom A¢tIL]ll8 Standards {United Kingdom Generally AcCepd Accounting Pra¢ti¢¢l and applicable law atid regulations. The law applicable to ¢haritie5 requires th¢ tniste&s to prepare fanCIal statements for each f]nancial year which giv¢ a true and fair view of the state of affairs of the charity and of the incoming resources and application of resouiees of the charity for that period, In preparing these financial stat¢ment5, th¢ trustees are requir¢d to.. select suitable accounting policies and th¢n apply thcm consistently, obsve the methods alld principles in the Charities SORP. tn)ke judgetnents and ¢stin]ates that are reasonable attd prudent., stat¢ whether applicabl¢ accounting standards have b¢¢n followed, subj¢c( to any material departures disclosed and explained in the financial stat¢ments; and pr¢pare th¢ financial statements on the going concern basis Lmless it is inappropriak to presumc that the charity will continLEC in business. The Irusrees are respollsible for ke¢ping proper accounting records that disclost with reasonable accuracy 81 any titne the fancial position of the charity and enable them to ensure that the fit]ancial statements comply with the Charities Act 2011, the Charities (Accounts and Reporis) R¢glllalion5 2008, and the provisions of the constitutiOII. The trnstees are also responsible lor safeguarding the assets of thc ¢harity and hence for taking Teasonablc steps for tht prevention and delection of fr&ud and other irregwldilities. The trustees are responsible for the maint¢EJance and intcgrity of the corporate and financial information included on the Charitable companls website. Legislation governing the preparation and disseminatioll of fillan¢ial statements m&y differ fro l¢gisl&tkon other jurisdictions. Appr ed by the trustees of the ¢harity on ........ . and signed on its beha]f by= J R Evans Chaim&n and trnstee Page 6
New Quay Memorial Hall Independent Examiner's Report to the trustees of New Quay Memorial H211 I report to the truste¢s on my exatnination of tbe accounts of New Quay Metnorlal Hall for the year ended 31 December 2023. Re$ponsil)ilitiu and basis of report As the cknity ttte8 of New Quay Memorial Hall you ar¢ r¢sponsible for the preparation of thc a¢cou]Ats iti accordance with the requir¢m¢nts of the CILarities Act 2011 ('th¢ Act.). E report in respect of my exrtmination of the New Quay Memorial Hall's accounts carried out under sectÈon 145 of the 2011 A¢t and in carrylng out my examination I have followed all the &pplicabl¢ Directions given by the Charity coll1$$i0n under section 145(5)(b) of th¢ ACL Independent exAmin¢r's statement I have completed my examination. I confm that tto rndterial rnai*rs have come to my attention in ¢om)e¢rion with th¢ ¢xamination givino tne cae to believe that in any mat¢ri&l respect.. l. accowiting records wcre not kept in respect of New Quay Memorial Hall as required by section 130 of the ACL or 2. the accounts do not accoTd those r¢cords' or 3. th¢ accounts do not comply with the aecounling r¢quirementS C4)n¢erning the fonn and conte¥Lt of accowits set out in the Chan"ties {Acllts attd Reports) RegllEations 2Q02 othcr th2n any tequirement that the accounts give a 'ttue and fair view, llthich 1$ not 8 matt¢r Collsidcrcd as part of an independent examination. I have no concerns and have ¢om¢ rosS no other matters in comiection llrith the examination to which attentioll sbould b¢ dtawu tkn"s reportin order to enable a proper und¢rstallding of the accounts to be reached Owain Rhys Jones FCCA l North Road Aberaeron Ceredigon SA46 OJD Page 7
Neiv Quay Memorial Hall Statement of Financial ActÉvities for the Yexr Ended 31 December 2023 Unrestricted funds Restricted funds Total 2023 Note Income Endowments fTOIJI: Donations and Itgacies Other trading activiti¢s 13,920 15,801 16.900 30,820 15,801 Totsl income 29,721 16.900 46,621 Expenditure on: Raising fid5 Charitabl¢ activities {2,418) (10,251} (2,418) (22,654 112,403) Total expenditure 112,669 112,403) 125,072 N¢t Èncome Gross transf¢rs b¢tween fiinds 17,052 (18,146) 4,497 18,146 21,549 Net movement ill funds (1,094) 22,643 21,549 Reconciliation of funds Total funds brought forward 117.156 214,204 331.360 Total funds carried fOard 18 116,062 ITnrestri¢t¢d funds 236,847 Restricted funds 352.909 Total 2022 Not¢ lTrcome aDd Elldowmettts from: Donations and legacies Other trading actilieS Other illcome 14.508 14,614 440 14.508 14.614 440 Total income 29,562 29,562 Expenditure on: RAistng funds Charitable activities (1,4121 (4,9671 {1,412) 114,016) 9,049) Total expendire Net incoTnel(eKpenditltre) (6,3791 (9.0491 115,428 23,183 19,049) 14,134 Net movem¢nt in funds 23,183 (9,049) 14,134 Reconciligtion of funds Tot21 fvnds brought fonvard 93,973 223,253 317,226 Total fLmds caJri¢d forward 18 117,156 214,204 33 1,360 TlJ¢ notes on pages I I to 20 forni an integial part of these fmancial stat¢Enents. Page 8
New Quay Memorial Hall Statement of Finaneial Aetivities for the Year Ended 31 December 2023 (continued) All of the Charity's activiti¢s derive from continuing opefations during the above two periods. Th¢ fimds breakdowi for 2022 is shollTh in note 18. The DOt¢$ on pages l i to 20 forn an integral part of these fmancial statements. Pag¢ 9
New Quay Memorial H211 (Registrxtion number: 1179995) Balance Sheet as at 31 December 2023 2023 2022 Note Flxed assets Tangible assets ij 271.651 258,758 Current assets Debtors Cash at bank and in hand 14 15 668 84,167 323 72,654 84.835 72,977 Creditors: Amounts f#lliaJg due witlkin ont year 16 {3,202) Ntt currellt as5et5 81,633 72,977 Total assets less Current liabilities 353.284 331,735 Credltor$: Amounts falling due after more than oDe year N¢t as$et$ 17 (375) {375) 352,909 331,360 FuDds of the charity: Restricted ineome funds kestrÈct¢d funds 236.847 214.204 Unr2&trieted inoome fund$ Unrestricted [ld5 116,062 117.156 Total funds 18 352,909 331,360 ancial staienwits oll pages 8 to 20 wer¢ approved by the tsustecs, and authorised for issue on iglled on their behalf by.. Cbaimi&n attd trustee Th¢ not¢s onpages I I to 20 forni an int¢gral part of these fanCIal sratemcnts. Page 10
New Quay Memorial Hall Notes to the Financial Ststements for the Year Ended 31 December 2023 l Accounting policies St2temeDt of compliance The fanCIal stateD]eDts have bn prepared in accordance the secolld edition of the Charities Stsiement of Recommended Practice issu¢d iu O¢tober 2019, the Financial Reporting Standard applicable irl the Uk)ited Kingdon) and R¢public of Irelalld (FRS 102) arAd th¢ Chariiies Act 2011. Basis of preparation Ncw Quay Mtmorial HaLI meets the defillition of a publi¢ benefit entity under FRS 102. The accouttts (fllLaneial statements) havc been prcpareA under the historical cost convention with it¢nL8 re¢ogNsed at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. Going concer The trust¢¢s ¢onsider that there are no material uneertairlties about the charlS ability continue as a going concem. Income endowments VOILtary incollje in¢luding donations, gifts, legacies and grants that provide eore fidIng or are of & g¢n¢rdl natUE¢ is reCoLs¢d wh¢n th¢ ¢harity has entitlement to the iticoine, li is probable that the 1COme will b¢ received and th¢ aoUnt can b¢ ru¢asur¢d with sutTicient reliability. Donations and legacie5 are recognis¢d on a receivable basis when receipt is probable and the amowit ¢2n b¢ r¢liably m&isured. GratLts are rccognised wh¢n th¢ charity has att e]ktidement to the funds and any ¢onditions linked to the gratlts have been tnet. Ivhert perforn)ance conditions are attached to the grant and ar¢ y¢t to b¢ m¢( the income is recognised as a liability and included on the balance sheet as deferred income to be r¢le&sed. Gifi aid In¢omitig resoutces from tax reclaiti)$ 2r¢ in¢lud¢d in th¢ Ststement of Financial Activities ai the same ttme as the gift to which they Telate. Expenditure AII expenditure is recognised on¢¢ tbere is a legal or cOnstrve obligation to tbat expellditure. Et is probable settletnent ig required and Ihe amoT]nt can be m¢asur¢d r¢lEably. All costs are allocated tr) the applicable expendtture headints that aggre(rate similar costs to that category. Where costs cannot be directly attribut¢d to particular htadings they have been allocated on 8 basig consistent the use of resollrces, with central staff costs allocated ou the basis of time spenL and depreciation ebartres allocated on the portion of the asset's use. Other suppart costs arc allocatrd based on tbe spread of staff costs. Pagell
New Quay Memoylal HAII Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Roisingfunds Thes¢ 8r¢ oosls ittcurred in attracting voluntary ineome. the managem¢nt of investD]ents and those inCu¢d i trading a¢tivitle5 tbat raiK fimds. Charilable rtelivi¢ies Charitable exp¢t]dirnre comprises those costs inculred by the charity in the delivery of its actitieS and s¢rvices for its benefi¢iari¢s. It incILeS both costs that can be allocated direetly 10 such a¢tivtti¢s and ihose costs of an indtrect nallwe necessary ttF support them. Support eostS Suppoff $t5 include central nCtiOnS and have been allocated to aotivity cost ¢8t¢gori¢s on a basis consisteni with the us¢ of resoLErces. Govern&n¢e costs These include the St8 attributsble to the clwity's compliance with collstitutional and statutory requirements. T#y2tlo The charity is ¢onsidered to pas5 the tests set out in Paragraph I Schcdule 6 of the Finance Act 2010 and therefore it tneets the defltiOn of a ¢baritahle company for UK corporation tax purposes. Accordingly, the clwrity is potentially exempt from taxation in respect of income or capiial gains rec¢ived within categories covered by Chapter 3 Part I I of the Corporation Tax Aci 2010 or Settion 256 of th¢ Taxation of Chargeable GaiThs Act 1992, to the extenl tliat such income 01 gains are applied ex¢lusiv¢ly to charirable purposes. T&nglble Ilxed assets Individual fixed assets are initially recorded ai cosL less any subs¢quent accun]ulat¢d dqireciation and subsequent accumul&ted jmpairmet losses. Depreciation g4nd anhortlsatlon Depreciation is provided on tangible fixed assets 50 as to Thyite off the cost or valuation, less any ¢stimated residual value. over their expected usehl econo]nic life as follow8- Asset class Long leasehold irnpiovtmcnts Fixtures and fJtting$ CoTnputer 6quipm¢nt DepTeci2tion method and rate 3Q/ts sts'aigbt lille IOQ/D straigh£ lin¢ 20¢/0 Straight IKne Research development R¢s¢ah and development exp¢nditure is written off as incurred. Page 12
New Quay MemoriaI Hall Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Trade debtor5 Trade debtors are amounts due from custom¢rs for merchatjdise sold or s¢tvi¢es p¢rformed an the ordinAry coutse of business. Trade debtors ar¢ recognised Enitially at the transaction price. They arc Sllb5equ¢ntly measured at amorti$¢d cosi using th¢ effective interest m¢thoQ less provision for impairmeDL A provision for the impairment of trade d¢btors is established when there LS objective evidence that the charity will not bc able collect all ollnts due aceording to the oriffjnal terms of the receivables. Casb and cash equivalents Cash and cash equivaIents comprise cash on hand and call deposits, and other short-terni highly liquid investhients that are readily convcrtible to a amount of cash and are subject to an ijjsigtiificant risk of change in value. Trade creditors are oblioJtiOn5 to pay for goods or s¢ryices that have been aequtred in the ordinary Course of business from suppliers. Accounts payable are clkssified Curreut liabilities if the does not have an uttconditiona] rih¢ at the end of the reporting period, to defer settlemcnt of the CEeditor for at least twelve moDths after tbe repotting date. If tlLere is arA unconditiollal rigbt to defer settl¢mcnt for at least twtlve months after tbc reportillg dat¢, they are presented as on-current liabilrties. ar¢ r¢1sta initi811y at the transa¢tion price and subsequcndy measured at amortised cost Using the effective inler¢5t method. Borrowings Interesi-bearing borrowitjgs are InitilY recorded at fair vatu4 net of transaction costs. Intere5t-bearing borrowings arc subsequently carried at ata5Cd cost, tbe diffetence between the proceed$, n¢t of transaciion costs, and the amount due on redemption bcing recognis¢d as a charge to the Staternent of Financiil Activities over the period of the relcvant borrowing. Interest ¢xpense is r¢¢tsgnised on the basis of the effective inter1 method and is included ÉD int¢r&qt payable and sirnilar charges. Borrowings are classified as current liabEliti¢s WesS the charity has an unconditional right to d¢fer sectlement of th¢ liability for at least tw¢lve months after the rcporting date. Fulld structure Unrtstrieted income funds ar¢ general rEdS that are available for use at the trustecs dis¢rction irt tSJrtheranc¢ of th¢ objectives of the charity. Restricted incomc funds are those donated for use in a particular area or for specifi¢ purposes, the use of which stricted tt) that area or pw)ose. Page 13
New Quay Memori21 Hall Notes to the Financial Statemerkts for the Year Ended 31 December 2023 (continued) Fillancial Instruments Clussificdtio Financial assets and finaTh¢i liabiiitLe5 arc recognised when the charity b¢comes a party t(} the ntractUal provlsions olthe iTrstrLllnent. Financial liabilities and equity snstruments are classkfied accordÈThg to the substance of the contractual arrangenicnts enter¢d itito. Au equity instsument 15 any contract thai evidences a rt5idual int¢r¢st in th¢ assets of the charity after d¢duttiThg all of its liabilities. RecDRrtiiiort ond All financial assets and liabilities are initially measured at transaction pri¢¢ (including transacuon costs), except for those fthanclal agyers classified as &1 fair value ttLrDugh proftt or loss, wbich are initially measured at fair valu¢ (which is nornmlly the transaction pri¢¢ excludInB transaction costs}, unless the arrangement ¢onstithtes a fjnancing transaction. If ats arrYLt]gement ¢onstitut¢s a fiDan¢ing trans&ction. th¢ fanCial &sseÉ or fir¢121 liability is measured at the present value of the thture pairynent5 discow)ted aÉ a market rate of interest for a similar debt insttumeni. Fiancial assets and liabilities are only offset in the statement of financi&l position when. and only whet) tb¢r¢ ¢xists a legally enforceable right to set off the reci)gnised amounts and the charity int¢nds either to settle on a n¢t bas15. or to realise th¢ asset and settle the liability sEmultaneously. Financial assets are dereeognised when and only ell a) the coutractMI iigbts to the cash flows from the financial asset cxpire or are settled, b) the charity transfers ro atxother party substsnrially all of the risks and rewards of ownciship of the financial asset, or c) the charity, despite having retained some, but not all. siwficant risks and rewaTds of 0e[Sp, has tranSfe¢d control of the asser to alther paty. Financial liabilities are derecOgsed only when the obligation specified in the contract is discharged, cancelled or ¢xpires. 2 Income from donations and leg8cles Unrestrleted fMnd5 General Restricted funds TotAI funds Donations and lega¢i¢s' Donations Grallts, Inclllding oapital gratjts; Grants from chariiies and organisations Othcr income from donations and legacies 3,156 3.156 1,001 9,763 k6,900 17.901 9.763 Total for 2023 13,920 16,900 30.820 Total for 2022 14,508 14,508 Page 14
New Quay Memorial H211 Notes to the Financial St2tements for the Year Ended 31 December 2023 (continued) 3 IncoThe from other trading aetivlties Unre%tricted funds General Total funds Income from other trdding activities Total for 2023 15,801 15,801 15.801 15.801 Total for 2022 14.614 14,614 4 Other incoxne Uurestricted funds General Total fnllds Total for 2022 440 440 5 Expenditure on r4isAng fvnds a) Costs of tr#dln(* 2¢tivities Unrestricted funds General Tot#1 fund5 Note Costs of goods sold 2.418 2,418 Tot21 for 2023 2,418 2,418 Tot21 for 2022 1,412 1.412 Total costs Page 15
New Quxy Memorlal Hall Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 6 Expendlthlre on ehAritable activities Unrestricted funds General Restricted funds To*AI funds Note Wages and salari¢% Staff training Light and heat In5uran¢e Hall tnaint¢nance Repèirs and r¢newals T¢lephoThe PrirAting. postage and stationery Cbarit&ble donations L¢gal and professional fees SundTy expens¢s Depre¢iation, amortis&tion and orher similar costs 3,567 3,567 585 585 5,252 1,250 294 286 838 5,252 1,250 294 286 838 1,231 200 617 37 120 200 38 579 37 8.137 8,137 360 Governan¢¢ costs 360 Total for 2023 10.251 12,403 22,654 TotAI for 2021 4,967 9.049 14.016 Totsl expemditure 7 Analysis of govern#n£e and support costs GovtrnAn£e eosts Unrestricted funds General Total funds Independent cxaminer fees Examinatton of the financial stst¢rnenis 360 360 Total for 2023 360 360 Total for 2022 405 405 Page 16
New Quay Memorial HaIl Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 8 Net incoming/out4woing resourees Net incoming resources for th¢ year include.. 2023 2022 Depreciation of fixed assets 9,049 9 Trustees remuneration and expenses No trustees. nor any persons connected with then4 have received any remuneration from the charity during the y¢ar. No trust¢¢s have receftved any r¢imbursed exp¢nses or any other ben¢fits from tht charity during the year. IO Stsff costs The tnonthly avetatre number of persons (including setiior management / leadership team) employed by the chariry durints the y¢ar expressed as 11 t]Tr ¢quivalents w&s as follo.. 2023 No Employees No employee received ¢moluments of more than £60,000 duting the year 11 Independent e12miner's remuneration 2023 2021 Examination of the financial stat¢m¢nts 360 360 Page 17
New Quay Memorial Hall Notes to the Flnancial Statements for the Year Ended 31 December 2023 (continued) 12 Taxatio The charity is a Tegister¢d charity and is therefore exempt froEn iaxation. 13 Tangible fixed asset5 LaDd and bllildings Furniture and equipment Total Cost At l January 2Q23 Additions 258,615 13,959 9.192 7,071 267,807 21,030 At 31 December 2023 272,574 16,263 288,837 Depreeiation At l Janu&ry 2023 Charge for th¢ year At 3 1 December 2023 7,512 5,802 1,537 2,335 9,049 8,137 13,314 3,872 17,186 Net book value Ar 31 Dccember 2023 259,260 12,391 271,651 At 31 Decetnber 2022 251 103 "1,055 258,758 In¢lud¢d vJsthRn thc net book value of13nd and buildiugs above is £Nil12022- £Nil} resp¢¢t of freehold land alld buildigS and £259,26012022 £251,103) IA re8pe¢t of leaseholds_ 14 Debtors 2023 2022 VAT recoverablc 668 323 15 Cash gnd cash equlvalent$ 2023 2022 Cash at bank 84,167 72,654 Page 18
New Quay Memorial Hall Notes to the Financial Statements for the Year Ended 31 Deeeniber 2023 (eontlnued) 16 Creditors: amounts falling due Ivlthin one year 2023 Trade creditors Otlw taxation and social security 2.312 890 3,202 17 Creditors: amounts falling dne after one year 2023 2022 Accnjals 375 375 18 Funds Balance at 3] Decehjber 2023 Bal#n¢¢ at I January 2023 IDcoming resources Resourt¢s exp¢Dded TratLsfers Unrestricted funds C7P.np.rAI 17,156 29,721 112,669) (18.146) 116,Q62 Restricted funds 214,204 16,900 (12,403) 18,146 236,847 Total funds 331,360 46.621 25,0721 352.909 Balance at 31 December 2022 Balance at I January 2022 Inefrming resource5 Rtsotsr¢es expended Ullrestricted funds General 93,973 29,562 (6.379) (9,049) 117,156 Restricted fundg 223,253 214,2(14 Totsl funds 317,226 29.562 (15,428) 331,360 Page 19
Neiv Quay Memorial Hall Notes to the Financlal Statements for the Year Ended 31 December 2023 (continued) 19 Analysis of net assets between fund$ Unrestricted funds General Total funds at 31 December 2023 ResÉrieted funds Tallgible fixed a55¢ts Curr¢ut assets Current liabihues Cr¢ditOIs over l y¢ar 44,554 72.228 {2,312} (375 227,097 12,607 (890) 271,651 84,835 13,2021 Total net ass¢ts 114,095 238.814 352,909 Unrestricted funds Gentral Tot*1 funds at 31 December 2022 Restricted funds TallgiThle fJx¢d assets Current assets Creditors over l year ,554 72,977 1375 214,204 258.758 72,977 1375) Total llet assets 117.156 214.204 331,36 ZO Related parry Transactlons There were no related paty transactsons in th¢ year. Pag¢ 20
New Quay Memorial Ha]1 Statement of Financial Activities by fund for the Year Ended 31 December 2023 Totsl Totsl Unrestricted Unrestrictsd Funds Funds 2023 2022 Income 4nd ElldoTrvments from: Donations and lega¢ies Other trading activities Other income 13,920 15,801 14.508 14,614 440 Total income 29,721 29562 Expenditure on: Raising fimds Charitsble activities 12.4181 (10,251) {1,412) (4,9671 Totsl expenditure (12,669 (6,379) Net ineorne Gross transfers b¢tw¢¢n fiu2& 17,052 118,1461 23,183 Net movement in fi]nds 11,094) 23,183 Reconelliation of fuDds Totsl fimds brought forward Total fijnttq tarrieA fnnvArd 117.156 93,973 116,062 117,156 This page does not fomj part of the StatOry fujancial state£llts. Page21
New Quay Memorial Hall Statement of Financial Activities by fund for the Year Ended 31 December 2023 (continued) TotAI Restricted Funds 2023 Total Restrieted Funds 2022 lllcome and Endowments from: Donations and ]egleS 16,900 Total income 16,900 ExpedEtre on: Charitable aclivities (12,403 {9.049) Totsl ¢xpenditur (12,403 19,0491 N¢t incomellexpenditure) Gross trallsfers betw¢en thds 4,497 18,146 (9,049) Net movement ill funds 22.643 {9.049) Reconclliation of funds Total fidS brought fonvard 214,204 223,253 Totsl fi)nds carri¢d forward 236,847 214.204 This pag¢ does Thot fonn part of the stattLtory financial statettiejirs. Page 22
New Quay Memorial Hall Detailed Statement of Ffinancial Activities for the Year Ended 31 December 2023 To 2023 Total 2022 Income and Endowments from: Donations and legacies {anaIysed below) Othcr trading activities (analysed below) Other income (analysed below) Totsl income 30,820 15.801 14,508 14,614 440 46,621 Expenditure on". Raising fimds (analysed below) Charitable activities (a]lYSed below) Governance ¢osts 29.562 (2,4181 (22,294) (360) (1,4121 (13,611) (405) TO¢ expenditllre N¢t iu¢ome (25,072} {15.428) 21,549 14,134 Net moven)¢nt ID funds ReconcTrli2tion of funds TotaI ndS brought forward Total fid$ caThied fonvard 21,549 14.134 331,360 317,226 331.360 352,909 Thi"$ page d¢Ks not form part of thc stattttory fmaucial statements. Page 23
New Qugdy Memorial Hall Detailed Statement of Financial Aetivities for the Year Ended 31 December 2023 (continued) Totsl 2023 Total 2022 Donatiolls legllcies DortIOnS Grants from cbarities al orgalli5ations Snooker incon Markets incom¢ Events incoTne 5.192 8,986 330 3,156 17,901 166 8,699 898 30,820 14,508 Other trading activilies Hall rutsl Stor&ge rental Bar income 11.935 10,908 480 3,226 14.614 3,866 15,801 Other income IProfit)Aoss on s£ of tangible fixed ass¢ts held for ¢h&ritls own use 440 440 Raisingfu2td Purcbases 2,418} (1,412) Charit¢thle 4ctivilies Wages and salarits Staff tr2ining Light and heat Insurance Hall tnaintenanc¢ Repairs and Eenev4als Telephone Printing, postag¢ and station¢ry Cbarktabl¢ donatiolls Legal and prufessional fees Sundry expenses Depr¢ciation, Amortisation and other sJrnilat costs 13,5671 (585) (5.2521 {1,250) 12941 (286) 1838) 11,231) (200) (617) 137) {8,137) {22,294 (1,615) (777) (3411 {1.147) (6621 (20) (9,049) 13,611 This page does not fonn part of tbe staNtory fllwiciaL statemcnts. Page 24