Cliai'i(y registratioii nuinbei.: 1179995 New Quay Memorial Hall Annual Report at)d Financial Statements for Ihe Y¢ar Ended 31 Dccenibei. 2024
New Quay Meinoi'ial Hall Contents (continued) Refe1'eie aiid Admii)isti'ative Details Trustees, Ileport 2to3 Siatetncnl of Triistees, RpOi]sbIliTieS Iiidependent Examinei's Report Staten)ei)t of Fin8nei&l Activitie5 6t07 Balance Slieet Notes lo the Finaiicial Slateinents 9 to 18
New Quay Memorial Hall Reference 2nd Administrative Details Chait'man J R Evans Ti'ustee8 J R Evans M Atti'ill S A Davies DCLee R CIIs501d P A Walton Chai'ity Rekristration Nllniber 1179995 Prin¢ipg1 (>ICe Nant Y Gido MaenYgieS New Quay Cei'¢digioii SA45 9TR llldependent Exgminer LHP l Noith Road Aberaei'ort Cei'edigiofi SA46 OJD Page I
New Quay Memoi'ial Hall Ti'ustees, Report Tlic ti'usiees prescllt the anniial i'epor( togeilier willi the financial s(atemenis of die cliai'ity for Ilie yeai. ended 31 Deecniber 2024. Objef Ilves And actlvltles Objeclive.i aFiiI UEIJIS 0. objeclivos aiid aims are to provide and liltall) a comiiiiii)ity hall foi. the beiiefit of tlie ai'ea in and siirrounding New Quay, Ceredigion, witliout distinction of poliiical, IEligioiis or otliey opijisons, includiiig the use of tlic facilities ftsi. Inectings, classes, IMat*ets and for otliei. foi'ins of reci'eational and leisur¢ tiine activities. Objeclivés, strolegies 4iid urlivilieth The cliarity was formed in Scptcinb¢i' 2fl1 ¥ wheii Ilie actiiiiiies, asseis and IEabilittes of Ilie pilvious 'War Meinoi'ial Hall" cliarity numbeJ' 503653, weir ti'ansferi'ed and a new legse £ianled by the CeJ'¢diBion Cuunry Coui)cil to tho new Conitt¢¢ to rc- oi'giaiiise and provide services to loc21 inliabilaiits. Major i'enovations following a gitiit fi'om tlie W¢lsli Oov¢i'ninent C"p were cai'i'ied oui dui'ing the Covid 19 lockdowj iji 2020. Piiiplic beiiefil Tl)e tru5lees confitim Ihat iliey Iiave coinplied with the iequiremeiils of section 17 of tlie Chai'iti¢s Act 2Ql l EO liave diie i'tgai'd to the public benefst giiidance publish¢d by tlie Charity Coinmi5sion for England and Wales. FiJ]&ii¢i21 review Policy oil f&fei'ves I'he charity's policy is to Illainlaiii IEserves of at least £15,000 Èllowiig for two yeais of r¢paiiE of Ilie building to be ftllided assuming th&1 inconie is oiily siifficient to covet. regulay expenditure plus one y¢ai' ot I'ouiine expcndiknre witlioiit any iiicojne. Any Jeserves lield above this Itvel ale to be build up lo allow additional equipii)et)t and facilitics to be provided for die coinJnuiJity. FIEe resei'ves al .31 st Decembei. 2024 were £112.507 (2023,. £116,062} of wliicl) £44,554 (2022-.£44.554) weir iii fixed assets. Sti'ucture> govern4nee Anil managemeiit Nfitiire ofgoveriiiiig dociiiiieiil The cliai'ity is a Cliaritabl¢ Incorporated Organisation with the fouiidatio)M model coi)sliiuiion as 515 goveining docuinent. RecruiliiiEiil uiiduppDiiilmeiil of ii'iislees Ti'ustees arc appoirtted by ieeoiiiiiicndation of otlier tiustt¢s oi. by piitting (hemselves fOlard foi. considei'alion. There is no active i'ecniitment pi'ocediires ii) place. liidiichoit uiidiruillirig ofir115tees 'Cwinpas' training to be arranged for all existing aiid any iiewly appotnted ti'ustees. Pase 2
New Quay Menjorial Hall Trustees, Report (continued) Financill in5ti.uilleiits Tlie an repoi't was approveil by tlie tnteeS of the cliai'ily on. and signed oli ils bel]alf by.. Jl(o J R FvanS Cl)aiiiiYdn and trllstec
New Qu&y Memorial Hall Statement of Trustees, Responsibilities I'lie Iriistees responsible foi. pi'epaj'ing IlTre Inislees, ieport and tlie fiiiaiicÈal slateinents ii) accolan¢t widi die Unit¢d Kiiigdom Accou¢iting Siandai'ds (United Kingdom Generally Accepted Accounliiig Pi'acti¢el and applicable laiv and regulalioi)s. Tl)e ai)i)licoble io cliRrities reqiitres tl)e tswstees lo prepare fitJancÈal slateLMcnts for egcli finaiicial y¢ar wliich givc a tiiie and fair view of Ilie sl>Jte of affaiys of tlie cliai'ity and of Ilie inconiiiig iesuuice5 and application of Jesouices of Ili¢ cliai'ity for tliat period. Tn pirpai'ing tlicse fst18ntial statelCl)Is, the ii'usttes are requii'ed to.. select suitable accouniii)g policies aiid tlieii apply tlieiii COllSLSt¢ntly' ob5ei.ve Ilie iiietliods aiid principles in tlie Cl)ai'iiies SORP., Inake judgeineiits and estitiiates tlial are reasoiiable ai)d piudeni; state wlietl)er applicable accouiiting siandards liav¢ been followed, subjcct lo any material departures diselosed and explained iii t11e finaneial stateinen(s', and piepair the finanLldl 5taieinentS 011 the going coiicern basis iiiiless it is irtappiDpi'iate to piEsume Ihat tlie cliarity will coiitinue in bu5iiies5. The Iruste¢s are responsible for keepiiig pi'opei. accounting recoi'ds Iliat disclose Miith reasonable acclli'acy al any tline tlie financial positiot) of Ihe cliai'ily and enable tliem lo cnsure tliat Il)e financial slalen)ents coinply willi the ChaTlties A¢1 201 I, tlie Cliai'ities (Accounts and Reports) Regulations 2008, aiid Ilie provisioi)s of the constitution. The t1$teeS are also I'esponsible for safeguarding the assels of Ilie cljariry and lience for taknng ieasonable steps for the prevention and detectEon of fi'aud and otljer iri'egularities, Tlie (rusiees are r¢sponsible for tlie niaiiiten3iice and iiitegtity of tlie coipoiale and rtnattcial ii)forination iiiclllded on the chai'itable coJnpai)Jes website. Legislation gtsveining tl)e pitparation and disseillit]ation of fiDanLial statein¢nts Inay diffei. fi'oni legislation in other jw'isdictiolls. ved by Ilie trustees of tlie cliai'ity un and signed on ils belialf by.. J R Evaiis Cliaiiinan and tnistee Page 4
New Quay Memoi'ial Hall Independent Examiner's Report to the ti'ustees of New Quay Memoj'ial Hall l Lepoi't lo tlie tiSteeS on Iny exaillinatioii of the accounis of New Quay Meinori81 Hall foi. the yeai. ended 31 Deeetnbei. 2024. Respon$ibilitie$ and Iiasls of reyort As (lie chai'ity tsustees of Neiv Quay Menioi'ial Hall you are i'EsIJOllsiblE foi. tlie prepai'ation of the accounts i accoi'dance willi Il)e requireinciits of the Cliai'i¢ies Act 2011 I'the Acl'l. I repoi't Lll I"espect of my ex8niination of th¢ Neiv Qiiay MeinorEal Hall's accounts cai'ried oiit ulldej. section 145 of tlie 2011 Act aiid in Carrying out iiiy eyamination I liave followed all Ilie api)licabl¢ Dir¢clions given by Ili¢ Chai'ily COnlSsIO11 Eindei. secliot) 1451Sllbl of tlie Act. Independ¢nt examiner's statement I liave LOEiipleted iny exainiiiaiioll. l ¢onfEI'iii tliat no inatej'ial Jnattei's liave coine to iny atleiition iii coiuiection with tlie exaimiiiation giving mc ¢ause to believe tliat in any tnatej'ial respect.. accoiintin&> record8 were i1 kept in respect of New QEiay Meni()rial Hall as required by section 130 of thc Act, oi. 2. the accounts do 0t accord witli tIIose I'ecoi'ds; or 3. Ilie occounts do not coi)Iply with tl)e accoLltiling iequiremenls concei"niiig ¢lTre foini and content of accoun sei out in ilie Clwrili¢s IA¢coiit]ts and Reporis) Regulations 2008 oibei. tl)an any requii.enieiit that the accounts give a 'ltue aiid fair vi¢V wliicli is not & inaiter considei'ed as p&rt of ali independenl examltsacion. I Ive iio concems ai)d l)ave eoine across no othei. Inattci's in ¢onn¢ctioii with th¢ ¢xaininatio# to wl)icl? 8t*ntion sliould be drawji ii) t]iis ¥epoit in ordei. to etjable a proper LinderstdIng of tli¢ accounts to be leached. Owain RlTrys lones FCCA l Noi'lh Iload Abera¢i'oii Cei'edigioii SA46 OJD Dale.. Page 5
New Quay Memoj'ial Hall Statement of Fiiiancial Activities for the YeAr Ended 31 December 2024 Unresti'icted futids Ilesti'lcted fllnds Totthl 2014 Note IEieonie and Eiidowments from: Doi)aliolls aiid legacies 32,553 10,585 44,807 77,360 10,585 Total iiicoine 43,lJ8 44,807 87,945 Expenditure on: Raising fiiiids Cliarilable acttvities {5.982) {15,887) (5,9821 (.54,213) 138,326) Total cxpeiidihiie 21,8691 138.326) 160,195) Nel it)eome Gioss Iraiisfers between ndS 21,269 (24,8241 6,481 24,824 27,750 Net moveineiit in fviids {3,5551 31,305 27,750 ReconcilÉ&tiihn of funds Total fiinds broughi forward 116,062 236,847 352,909 Toral funds cai'ried forward 112,507 UnR'tsti'ieted funds 268,152 Restricted funds 380,659 Total 2023 Note Income and Endowinents fi'om: Doiiations and legacies Other ttxdiiig activities 13,920 15,801 16,900 30,820 15,801 Total inconie 29,721 16,900 46.621 ExpoiidituY¢ on: Raisiiig timds Chai'ilable activities 12,4181 (10,2511 12,418) (22,654) {12.403} Total expendittiiE 112,6691 {12,4031 (25,072 Net incoine Gross tiansfei's b¢tw¢cn fiinds 17,052 118,146) 4,497 18,146 21,549 Nel iiioveinent in fiiixis (I,a94) 22.643 21,549 ReconcÈliatiort of funds Total fuiids brougl)t foiivard 214,204 -331.360 Total funds c2rricd foi'ward 17 116,062 236,847 352,909 Tlie notes on pages 9 10 18 form ali itilegral pai'l of these flliancial siatLIMeiits. Pa¥e 6
New Quay Memorial Hall Statement of Financial Activities for the YeAr Ei nded 31 Decembei. 2024 (continued) All of the cliai'ity's activElie5 dei'ive fvoin coiitiniiing operations dlli'ing the above t¥vo pci'iods. Tlie funds breakdowii for 2Q23 is sl)own in i)ote 17. The noles on pages 9 to 18 foi'in an inte8[ pal't of tliese financlal siateinents. Page 7
New Quay Meinoi'ial Hall (ReLJistration number: 1179995) Balance Slieet as at 31 December 2024 2024 2023 Note liixed assets Tangible asscts 12 284,860 271,651 Cui'i'ejjt assets Debtors Casli al l)ank and in liand 840 96,304 668 84,167 14 97,144 84,835 Ci-¢ditoi's'. Aniouiits fallln¥ due ivltliin ojie year Net euri'ent assets 11,345) {3,5771 95,799 81,258 Net assets 380,659 352,909 Funds of the ch&rliy: Restricted income fulld5 Resti'icted funds 26S,152 236,847 Uni'e6tvicted Ineome funds Unrestrieled funds 112,507 116,062 Total funds 380,659 352,909 The financial stateinenis oll pages 6 to 18 wei'e approv¢d by tlie In15tees, atid auihorised for issue o aiid sigmed on theii. behalf by.. J R Evans Chairlyn and trustce The iiote8 on pages 9 10 18 foi'in ali inlegral pai't af diese financial staleinellls. Page 8
New Quay Memorial Hall Notes to the Financial Statevnents for the Year Ended 31 December 2024 l Aeeovnting policies StAtetJient of compliance Tlie fiiian¢ial slaieineiits Iiave been pr¢paTed in ac¢oi'dan¢e witli the second edition of the Clixi'ities StatellnI of Reconullended Pi'aciice issucd IL) Ociobei. 2019, tl)e Financial Repoiling Stai)dard applicable ia) tlie Uiiited Kingdoni and RepubliL of Irel&iul (FRS 102) and Ihc Charities Act 2011. Basis of prep21'2Éion New Qiiay Mn0J'Ial Hall In¢¢ts the definition of a public benefit entity under FRS 102, The accouiits (fujancial stateiiients) liave been pt'cpared 1]de1. Il)e hi.8tOJ'iC81 cost cot)veniioii with items recogniscd at cost oi. transaction value iinless otlieiwise 5tatcd iii the ielevant iiolcls) lo tliese accoiints. Gorng cortcern Tlie Lrustees consider tliat theic are no material uncertainlies abOt the charity's abilily to CODtitiiie as a goirig cot)ceim. Ineome aiid eiidowments Voluiitaly income includit]g doiiatioiis, gifts, legacies and gi'ants tIt pi'ovide col'e fiinding or al'e of a gene121 nature is recogjiised when the eIrIty 112s entitlement to Ilie income, it is pi'obable that tlie incom¢ will be i'eceived aiid th aiiiount can be Iiieasui'ed willi suff2cieni I'eliability. Donulions uiid legthcEeS Donaiions and legaceS 2re iecognised on a receivable basis wlieii i'eceipt is probable and tlie aniount can be reliably In¢aSi.td. Gi'aiils réceivdble Grants arc i'ecagnised wllen ihe oliarity lias at) entirlenient to thc funds and aiiy coi)ditioi)s li[ed to tl)e gTai)ts have been tnel. Wl)ci'c pci'forinance conditioiis aye #ttaclied to the gixnt and art y¢t to be n)et, tlie inconie is recognised as a liability and included on Ilie balanc¢ slieet as deferi'ed inconie to be ieleased. Glfi did li)coining resoiii'c¢s fi'oill lax reclai11 are included in tile StatenieEIt of Fiiiaiicial Activities at the satne tsine as tlie gift to whicli they i¢late. I xpenditure All cxpeiiditure is r¢¢ognised once tliei'c is a legal or cOnstictive obligalioi) to tlILi expendi(ure. it is pi'obable settlcmeni is iequiied and Ilie ainouiit can be ii)easured reliably. All costs ale allocated to the applicable expeildll'e heading tliac aggreBatc similai. costs to tliat Category. Wliere costs cai)nol be directly atlribiited 10 pai'ticulai. lieadiiigs they have been allocated on a basis coi)sÈsieiit widi the ii%e of re50tJi'¢es, witli cetiti'al siaff costs allocated oil tlie basi5 of liine speni, and depre¢iatioii cliai'ges allocated on tlie poi-tion of tl)e 3sset.ts use. Oiliei. suppo¥t costs al'e allocated based oil the spi'ead of staff costs. Page 9
New Quay Memoi'ial Hall Notes to the Financial Statements for the Year Ended 31 Deceniber 2024 (continued) R¢7isiJig Jiiiids fliese ale eost& i111[red ill altracting volulltaiy incoine, Ilie iiiandgeinenl of investin¢nls and those ii)cui'red in Iradiiig activitie5 tliat i'ais¢ fiinds. Cliurittsble rtclivilie Cliaritable expendimie coiiipi'ises Éhose c051s incuri'ed by tlit charity in the delivejy of its Rctivilies and seivices fot ils beneficiaries. It iiicludes boili L05ts thal c2n be allocated diiEcily to sii¢h actÉvitEes ai?d tliose costs of an indii'ect nature neCeSs'Y to SLlI)POlt them, Support eo&ts Support costs include ceiitral functions and have beet) allocated to activtty cosl calegoiies on a b25is consistent with tli¢ use of resoill'c¢s. Govet'itance costs These include the cosis altributabl¢ lo the charity's coirJpliaiic¢ with constittitioiial and statutoiy requiirmettts. Tgxation The charity is coiisidei'ed lo pass tlie tests sei out in Pai'a8J'apli I Schedul¢ 6 of Fii)ance A¢1 2010 and tliei'efoi'e it meets Eh¢ definition of a charitable company for UK coi'poi'alion tax pw'pnses. Accoi'dingly, tli¢ ¢hariry is potentially exempt fyoin taxation in respect of incol1 oi. capital gains i'eceived witliiii categories covejtd by Chapter 3 Part I I of the Corpoi?tion T8x Act 2010 or Seclioii 256 of tlie Taxation of Cliai'geable Gains Act 1992, to the ¢xiei)t tlial SLich incoine or gaiFlS are applied ¢xclusively to cliaritable piirposes. Tanglblt fixed assets Individiial fixed a55ets are ii)itially recotded at cost, le&1 any subseqiient aceuinulated depre¢iatioi? 2nd siibsequent accumulated impaii'menl losses. Depreelatioii and amortlsatlon D¢pi'eciation is pi'ovided on tangible re& assets so as to wi'ite off the ¢osi oi. valEiation, Icss any estimated residual value, ovei. theii. eXpted uscfiil economic life as follows.. Asset cla$$ Long leaseliold iJnpruveii)ents Fixtui'es and fillings Coiiiput£i' eqiiIptnenl Depreciation method aiid rate 3•/n stt'aigl)I litLe IOO/o Straigl)t liiie 200/0 Sti'aiglTrt line Researeli And develoi)ment Res¢aich and devclopmetit expendiluii is wriiteii off as in¢unEd. Page 10
New Quay Memorial Hall Notes to the fi inanciAI Statements for the Year Ended 31 December 2024 (continued) 'rrade (lebtors Ti'ade debioi's are an)ounts diie fi'oin ciislotnei's foi. Inei'cllaiidise sold or seiviccs performed in Ilie oi'dinary course of biisiiie5S. Tilde debtors are i'ecognised initially ai tlie transaclioii pi'ice. Tliey are siibsequciilly mtasiiied af amoi'lised cost Lising tlie effective ititerest Inetliod, less pi'ovision for inwaiiiiient. A pi'ovision foi. the itni)aii'iiiei)t of Ii'ade debtOl'5 IS establislied wlien tliere is objective evidence tlial tlie ¢liai'ity will not be able lo collcct all ainouiits due accoJ'diTrg to (he origin&l lenrs of Ihe I'eccivableg. Cash And cash equivalents Cash and cash eoiiivalenis coinprise casli ot) liand and call dcposits, and other sliort-lei'ih l)ighly liqiiid iiiyeslments tlial ale readily conveitible tu a Icnowii ainount of casli and al'c subject to ali iiisignificant I'isk of cliange iii value. Ti'ade ci'editors are obligations to pay foi. goods or sci'viees tliat have beeii acquired in die ordlnaiy COUTse of business froi suppliers. Accounts pAyable ale classified as cwyent li2bilitses if tlie does not Iiave uncottditional i'igl)t, at Ilie end of Ilie reporting persod, to defci. seLtlement of tlie creditoi. foi. ai least twelve Inoiitiis afier tli¢ i'epoi'ting dale. If thei'e is ali icOndI¢lnal riglii to def¢i' setdein¢nt foj. at least twelve Inoi)ths after Ili¢ i'epoiting datc, tliey arc pi'eseilted as 2re recognlsed initially at the IransactTOlI pi'ice and subsequently nieasured at ainortised cost using Ilit effective ii)teiest in¢tlJod. Borrowings liiteresi-beariiig boM'owin£s are inilially Ircorded at fair value, net of trallsac¢ion costs. Interest-beai'ing borrowirtgs al'e sul)sequently Carried at aiiioiTis¢d cost, widi tlie diffei'eiice between tlic pi'oceeds, t)et of transaction costs, 2Jid the ainoiint diie on i'edtniption beit)g recognised as a cliarge to tlie Stateineiit of binaiicial Aciiviues over tl)e pei'iod of Ilie iElcvan¢ bori'uwins. Interest expense is rceognssed on the basi5 of tlie effectiv¢ inteLest Inetliod and is included in iiiterest pay¢1ble ]d si1lar eli.g£s. Bori'owings are classified as cui'i'ent li&bilitie5 uiiless tl)e chai'ity has an unconditional rigllt lo defer settleineiit of the liabslity foi. at least twtlve moiitl)s aft¢i' die iEporting date. riund sti'ucture Unrestricted iiicoine funds &re general funds that al'e available for use at tl)e tivstee5 discirtioii in fuitherance of tlie objectives of rlie cliai'ity. Re81riclcd iiicoine flinds are tliose donated foi. iise in a particular area oi. foi. specific pui'poses, the iise of whi¢li is re6tricted to tliat ai-ea oi. piirpose. Pagt I I
New Quay Memoj'ial HAII Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) FiiJaneii)l instruinents ClussifiLulioii Finaiicial assets and finaiicial liabilities are i'ecognised wlien tEit chai'ity becomes & party to Ilie eontraclual provisions of the ii)stiuinenl. Financial liabilities and equity insti'umeiits al'e classifsed accoi'ding to tlie substathce of the conu'actual aiTaiigeinei)ts cntei'ed jito. An equity instniinent is any contt'act tlial ¢videi)ces a rIdUal inttjest En the assets of t]ie cliai'ity after d¢ducting all of its liabilities. RÉc()¥iiliiviJ aiid iiieusiiieilieiii All finaiieial ass¢lb liabilities air iiiilially iiieasured al Ii'ansaction price (including Irathsaciion c(Jstsl, except for those fiiiancial as&ets ¢18ssified as ai fail. value Ihi'oiigh profit oi, loss, wliieli arc initially Inea8iircd at fail. value Iwl)icli is nortnally Ilie tiansaction price exeliiding traiisaction costs), tlie ai'iangeii)en¢ con%titules a fJiiai)cing iisaction. If an ariajigeinent cot]stilules A fjnanciiig transactioft, tlTre fiijancial asset or fjnancial liabilily is measlired at tlie present valiie of the fiiture payinenis dis¢ouiJted al a tnai'kct raie ofinlerest for a siinilai- debt inslrii¥nent. Finai)cial ass¢ls and IEabilities are only offset in the statement of financial posirion wlEen, ai)d oiily when Ihcre exists a legally eiifoireable I'iglit to set ofT the i'¢cognis¢d aloi111[S and Ilie ¢l)arity intends eiiliei. 10 settle a n¢1 basis, or to iealise Ilie asset and settle Ilie liability sitnu1taneosly. Finaneial assets are dei'ecognised wlien and only M,lien al Ilie eoTitrae(ual i'ighis to tlie eL1sI) flows fiDin the finallcial asset expii'e or are settled. b) Ili¢ cliarity tl8iisfers to anotliei. paJ't5' 5ubstanlially &ll of tlie i'isks and irwai'ds of ownersliip of (lie fii)ancial assel, or cl tli¢ charity, despite liaving ietained soine, bill not all, significant I'isks aiid i'ewai'ds of owneiEliip, lias ti'ansfei'ied control of tlie 85Set to anolhet. party. Finaiicial IEabililies al'e dereco2nEsed only wlieii Ilic obli&yalion specified the collts'act is discharged, cancelled oi. expii'es. 2 Income fi-om don&tion5 and leg4c?es Uiire$ti'icted furtd5 General Resti'leted fuTids Total futids Doi)ations and legacies., Donations Gi'aiits, includi1 eapital gi'ants,. Graiits fi'om cliai'ilics aiid oi'gaiiisations Otiier incoine froin donations and legacies Total for 2024 4,398 4,398 5,500 22,655 44,807 50.-307 22,655 22,553 44,807 77,360 Tot21 foi. 2023 11,920 16,900 30,820 Page 12
New Quay Memorial Hall Notes to the FinAncial Statements for the Year Ended 31 December 2024 (continued) 3 Income froin otli¢i- ti'ading netivltles Uni'esti'icted funds Geiitrthl Tot%1 funds Incoine froim oihei. tradimg aclivities 10,585 10,585 Totftl for 2024 10,585 10,585 I'otal foi. 2023 15.801 15,801 4 Expeiiditui'e oil i'alsing funds al Costs of ti'&ding activities Unrestt'ieted funds Geeral Total funds Note Cos(s of goods sold 5,982 5,982 Total for 2024 5,982 5,982 Totil for 2023 2,418 2,418 Page 13
New Quay Memoi'ial Hall Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 5 Expell(liture on ¢liai-itable activities Unre5tt'icted fuiid5 Genei-al Resti'acted funds Total fuiids Note Wages aiid salaries Liglit and he&t I1uranCe Hall Inaiiitenat)ce Teleplioi)e Piintijig, posldge and stativneiy Ch8t'itable doiiations Legal aiid pYofessioJial fees Siindry expei)ses Depreciation, amoi.ti5atioii and otliei. siinilar cost5 2,743 5,097 1,654 26,665 29,408 5,097 1,654 1,617 1,747 120 1,617 1,747 120 1,297 78 200 178 1,097 Govei'nance cosrs 10,564 10.564 365 365 'rolg1 for 2024 15,832 38,326 54,158 Total for 2023 10,251 12.403 22.654 6 Aii4lysis of govei'ngnce aiid support eosts Govei'iiAttee costs UElI'esti'icted funds Geiiei'al Total funds Independent cxaiiiinei. fees Exainiiiatio# of (lie finAncial starenienis 365 365 Total for 2024 365 365 Total foi. 2023 360 360 Page 14
New Quay Meinorial Hall Notes to tlle f4inancial Statemeilts for the Year Ended 31 Deeember 2024 {continued) 7 Ntt Ineominglvutgolng i'e$ourees Net incomittg resoiiices for the year incliide.. 2024 2023 Depi'eciatioi) of f%xcd assets 10,564 8,137 8 Trustees A'ewuneratiott and expenses No trustees, noi. any persoi)s ¢onnected with them, Iiave received afty i'eniiiiieiatiotE from tlie cliayily diii'iiig tlie year. No twstees have received any Y¢inibui'sed expenscs oi. any other bethefils froin the cliai'ity dllring tlie yeai.. 9 Staff costs The inontlily avtrnge number of persons (including senioi. management I1¢2deTsliip (eaml eR)ployed by the chai'ity dui'ing Ilie year expi'essed as full equival¢Jits was as follows.. 2024 No 2023 Employees No employee r¢ceived emoluments of more tl)an £60,000 durillg the year 10 liidependent examiiiei-'$ reniuncration 2024 2013 Exaniination of tlie financial stateinents 365 360 PaLFe 15
New Quay Memoi'ial Hall Notes to tlie Financial Statements for the Year Fnded 31 December 2024 (colltiiiued) 11 1 axation Tlie cliai'ity is a iegistejed cliarity alld is Iliercfoi'e exenipt froin tnxatioii. 12 '1'angible fjxed assets Laiid aiid buildiiigs rfuriiitui'e and equipinettt Total Cost At l ja11tl'Y 2(J24 Additions 272,574 16,263 23,774 288,837 23,774 At 31 Decembei" 21)24 272,574 40.037 312,611 Depi'eclAtIThii At l January 2024 Cljavge foi. the yeai" 13,314 5.842 1,872 4,723 17,186 10,565 At 31 DeceJnhei' 2024 19,156 8,595 27,751 Net book value At 31 Deceinbei. 2024 253,418 31,442 284,860 At 31 December 2023 259,260 12.391 271,651 Included witliit] the net book valile of land aiid buildings above is £Nil12023 - £Nil) iii IEspect of fi'eeliold land and buildiiigs atid £253,418 {2023 £259,260} iii i'espect of lcaseliolds. 13 Debtoi's 2024 2023 VAT iecoverable Oilier deb(oi 524 316 66S 840 668 14 Cash aiid tash equivalerits 2024 2023 Casl) al bank 96,304 84,167 Page 16
New Qllay Memorial Hall Notes to the Financial Statements for the Year Ended 31 Deeeinber 2024 (continued) 15 Ci'editoi's.. aMoutS fallin2 due ivitliiii one year 2024 2023 'rYadc creditors Otlici. taxalioii and social secui'iry Otli¢i' 'edItOrS Accruals 2,312 890 852 380 375 1,345 3,577 16 Pension And othei. sch¢nies Defined contrlbutloll pensioii scheme Tli¢ ch&i"ity opei'ates a defined cojiti'ibuiion pension scljenie. Tl)e pet]sion cost cliarg¢ foi. cl)e year iEPiEsetits contribiitions payable by tlie charity to Ihe 5chtine aiid ainoiiiited io £Nil12023 - £Nil). 17 Funds Balance At 31 K)eceinber 2024 B2laiice at I JAnuat'y 2024 Incomiiig resoui'ees Resoui'ces expended Transfei's URI'estJ'icted fund5 Gejieral 116,062 43,138 121,869) 124,824} 24,824 112,507 Restrieted funds 236,847 44,807 {38,3261 268,152 I'otAI fuiids 352,909 87,945 {60,195 380,659 BlanCe at 31 Deeeinbei. 2023 Balance At I J9nllai'y 2023 Incoining itsources Resourees epertded Transfe1% Uni'esti'icted funds Gencral 29,721 112,6(19) 112,403) (18,146) 116.062 Rcstrict¢d fuiidg 214,204 16,9(X) 18.146 236,847 'I'otal fuiids 32 1,360 46.621 125.072) 352,909 Page 17
New Quay Memoi'ial Hall Notes to the Flnancial St2tements for the Year Elided 31 December 2024 (contijiued) 18 Analysis ofnet assets betiveen funds Uiii'esti'ieted fiillds Genet'il Total I'unds at 31 Deeettiber 2024 Ilestricted funds Tallgible fixed assers Cuiienl assets Curvenl liabililies 46,914 67,598 (3801 114,132 2J7,946 29,546 1965 284,860 97,144 {1,345) 380.659 Toial net assets 266,527 Uiii'esti'tctcd funds General Total funds at 31 Decernber 2023 Restricted funds Tangible fjxed assets Curreiil assets 44,554 72,228 {2,687) 14,095 227,097 12,607 (8901 271.651 84,815 (3,5771 Total nel assets 238,814 352,909 19 Analysis of net funijs At31 December 2024 At l Jaiiuary 2024 Casli at bank and in haiid 84,167 84,167 Net d¢bt 84,167 84,167 At31 Decembei. 2023 At l January 2023 Cash at bank and in hand 72,654 72,654 Net debt 72,654 72,654 Page 18
New Quay Memoi'ial Hall Statenient of Financial Activlties by fund for the Year Eilded 31 Deeember 2024 Total Tot&1 Unresti'leted Uiire5tricted riunds r4 2024 2023 Inconie and Endowments fi-om: Doiiations and 1¢geleS Otlier adIng a¢tEVlties .32,553 10,585 13,920 15,801 Total ijicoine 29,721 I xpendituye on., Raisitig funds Cliai-itable activities 15,9821 115,887) 12,418) 110,251) Tatal expenditui'e 121,869) 112,669) N¢t iiicome Gl'oss Iiansferg between fuii(ts 21,269 (24,824) 17,Q52 118,1461 Nei Imoveinent ii) fiinds 13,555) 11,0941 ReconciliatioTh of funds Total funds bi'ouglit folivard 116,062 117,156 I'otzl lldS carried forward 112,507 116,062 Tlii5 page does Iiot foimi pail of Il)e slattiloiy fEI)ai)eial staieinents. Page 19
New Quay Menioi'ial Hall Statemeiit of Financial Activities by tund for the Year Ei iided 31 Decembei. 2024 (continued) I'otAI Re5ti'i¢ted Ilesti'icted 2024 2023 Ineome and Endowmeiits li'om.. Doiiations aiid legaLie5 44,807 6,900 I'otal iiicoine 44,807 16,900 I xpenditui-e nn: Cliai'ilabl¢ a¢tivilie6 138,326) 112.403) Total expenditure 138.326 {12,4031 Nel iiicoiiie Gl'oss Irai)sf¢rn between fiit](Ls 6,481 24,824 4.497 18,146 Net moveJii¢nt iii ft)i)ds 31,305 22,643 Reconeiliation of fndS L-oial fiiiids br041ght fojivai'd 236,847 214.204 Total funds cari'ied forward 268.152 236,847 This page does not foim p&rt of the stt)tutoiy rji)1 licial Staterneiiis. Page 20
New Quay Memorial Hall Detailed Statement of Financial Activities for the Year F.Dded 31 December 2024 Total 2024 Total 2023 Income and Eiidoivmtnts from,. DOltionS ai)d legacies lanalysed beloiv) Oilicr Iradirtg &clivilies18nalysed below) Total incotne 77,360 lQ,585 30,820 15,801 87,945 46,621 Exi)ellditure on.. Raising fuiids {analysed bclow) Cliai-iiable activities lanalysed below) Goveri]aiice Costs 15,982) 153,848) 1365 {2,418) 122,294) {360) Total exp¢ndituir 160,195) (25.072) Net incoine 27.750 21,549 Nct movemei)t in fiinds 27,750 21,549 Reeonciliation of funds Total ndS brought foi.ward 352,909 331,360 Total fijnds carried forward 380,659 352,909 TIIis page docs noi forin pai'l of tlie statuioiy financial stat¢illents. Pag¢21
New Quay Memoi'ial Hall Detailed Statement of FinancÉal Activities for the Year Ended 31 December 2024 (continued) Total 2024 Total 2023 Dollalioii.f leglleies Doiiaiions Gi'at]Is fi'oni cliai'iiies aiid ojganisalions ,Snookei' incoTI)e Mai'kels income Events Lllcotiie 4,398 50,307 3.156 17,901 166 8,699 898 18,883 2,665 77,360 30,820 Hall ienial Bai. incoin¢ 10,585 11.935 3,866 10,585 15,801 RaisiiigfiiiiAIs PuLc]Se5 5,9821 {5,982) 12,4181 2,418 cli411&ble HcliiTrilEeS Wages and salai'ies Staft Irdining Light and heat It]sui2nce Hall illaiiilcnance Repaii's and rencwals Teleplione Pi'inting, post2ge and sl£?lioneiy Cliai'itable donaiioi)s Legal and prtsfessioiial fees Siiiidiy expen5e5 Depi'ecialioii, aiMortEsaÉion alld otlier siniilar costs 129.408) 13,567) 15851 (5.252} 11,2501 12941 1286) (838) (1,231) 12001 1617) {37) (8.1371 15,0971 11,654) (1,6171 11,7471 1120) {1,297) {178} 110.564) 153,7931 {22,294) Tliis page does Jiot foiiii pai'l of the staNtory fiiiancial staieineiils. Page 22