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 Sta￿￿ents
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￿￿¢1￿1 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 n￿AntaIn 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 opl￿Ons, including th¢ ￿$t ol the facilities
for meetillgs. class¢s, markets and for other fomis of recreational and leisure time activities.
Objectives, Strate￿eS 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 Si￿lfICant 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 pl￿9 a Junior
Silent Dis¢0, the Morristott Big Balld Concert and VAriou$ Christjnas eve￿ts.
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 Q￿Y 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 H￿1 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 recru￿tMent 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¢tt￿g 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, ￿an￿lY 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 ACti￿￿tieS
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 W￿th 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 AcCep￿d Accounting Pra¢ti¢¢l and applicable
law atid regulations.
The law applicable to ¢haritie5 requires th¢ tniste&s to prepare f￿anCIal 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,
obs￿ve 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 f￿ancial 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 t￿tte8 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
coll￿￿1$$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 ca￿e 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 {Ac￿ll￿ts 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 fi￿d5
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 fO￿ard
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 acti￿lieS
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 expendi￿re
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 [l￿d5
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 f￿anCIal 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 f￿anCIal stateD]eDts have b￿n 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 charl￿S ability continue as a going
concem.
Income endowments
VOIL￿tary incollje in¢luding donations, gifts, legacies and grants that provide eore fi￿dIng or are of & g¢n¢rdl natUE¢
is reCo￿Ls¢d wh¢n th¢ ¢harity has entitlement to the iticoine, li is probable that the 1￿COme will b¢ received and th¢
a￿oUnt 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 cOnstr￿￿ve 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 acti￿tieS and s¢rvices for
its benefi¢iari¢s. It incIL￿eS 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 ￿$t5 include central ￿nCtiOnS and have been allocated to aotivity cost ¢8t¢gori¢s on a basis consisteni with
the us¢ of resoLErces.
Govern&n¢e costs
These include the ￿St8 attributsble to the clwity's compliance with collstitutional and statutory requirements.
T#y2tlo
The charity is ¢onsidered to pas5 the tests set out in Paragraph I Schcdule 6 of the Finance Act 2010 and therefore it
tneets the def￿ltiOn of a ¢baritahle company for UK corporation tax purposes. Accordingly, the clwrity is potentially
exempt from taxation in respect of income or capiial gains rec¢ived within categories covered by Chapter 3 Part I I
of the Corporation Tax Aci 2010 or Settion 256 of th¢ Taxation of Chargeable GaiThs Act 1992, to the extenl tliat
such income 01 gains are applied ex¢lusiv¢ly to charirable purposes.
T&nglble Ilxed assets
Individual fixed assets are initially recorded ai cosL less any subs¢quent accun]ulat¢d dqireciation and subsequent
accumul&ted jmpairme￿t losses.
Depreciation g4nd anhortlsatlon
Depreciation is provided on tangible fixed assets 50 as to Thyite off the cost or valuation, less any ¢stimated residual
value. over their expected usehl econo]nic life as follow8-
Asset class
Long leasehold irnpiovtmcnts
Fixtures and fJtting$
CoTnputer 6quipm¢nt
DepTeci2tion method and rate
3Q/ts sts'aigbt lille
IOQ/D straigh£ lin¢
20¢/0 Straight IKne
Research development
R¢s¢a￿h 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$¢d cosi
using th¢ effective interest m¢thoQ less provision for impairmeDL A provision for the impairment of trade d¢btors is
established when there LS objective evidence that the charity will not bc able collect all ￿￿ollnts due aceording to
the oriffjnal terms of the receivables.
Casb and cash equivalents
Cash and cash equivaIents comprise cash on hand and call deposits, and other short-terni highly liquid investhients
that are readily convcrtible to a amount of cash and are subject to an ijjsigtiificant risk of change in value.
Trade creditors
are oblioJtiOn5 to pay for goods or s¢ryices that have been aequtred in the ordinary Course of business from
suppliers. Accounts payable are clkssified ￿ Curreut liabilities if the does not have an uttconditiona] ri￿h¢ at the end
of the reporting period, to defer settlemcnt of the CEeditor for at least twelve moDths after tbe repotting date. If tlLere
is arA unconditiollal rigbt to defer settl¢mcnt for at least twtlve months after tbc reportillg dat¢, they are presented as
on-current liabilrties.
ar¢ r¢￿￿1sta initi811y at the transa¢tion price and subsequcndy measured at amortised cost Using the effective
inler¢5t method.
Borrowings
Interesi-bearing borrowitjgs are Initi￿lY recorded at fair vatu4 net of transaction costs. Intere5t-bearing borrowings
arc subsequently carried at a￿￿￿ta5Cd cost, tbe diffetence between the proceed$, 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 inter￿1 method and is included ÉD int¢r&qt payable and
sirnilar charges.
Borrowings are classified as current liabEliti¢s W￿esS 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 rE￿dS 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¢ f￿anCial &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.
Fi￿ancial 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 0￿￿e[S￿p, has tranSfe￿¢d control of the asser to al￿ther paty.
Financial liabilities are derecOg￿sed 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
buildi￿gS 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 Sta￿tOry 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 ]eg￿leS
16,900
Total income
16,900
Expe￿dEt￿re 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 fi￿dS 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 fi￿d$ 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
Dor￿tIOnS
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