Trustees’ Annual Report for the period
From 1[st] June 2022 Period start date To 31[st] May 2023 Period end date
Charity name: Canolfan Glanhwfa Cyf
Charity registration number: 1180027
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To establish and maintain a multi purpose community centre in the town of Llangefni and surrounding area, to provide space for public worship and links between churches in the town, to provide opportunities for local groups to meet and provide services and to strengthen contact with other community, voluntary and charitable movements for the benefit and regeneration of the town of Llangefni |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
As stated in our previous annual report the building work to adapt part of the building as a community centre commenced in March 2022 and continued until November 2022. Once the work was completed, Canolfan Glanhwfa commenced its main purpose of collaborating with key partners to provide and deliver services o older and vulnerable people and to continue to provide training for children and young people in the performing arts. The main regular activities include a lunch club for older people on two days, preparing fresh food for delivery to vulnerable people, a tea and cake afternoon to combat loneliness, and services to supports those caring for people living with dementia. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees believe that they have complied with the guidance issued by the Charity Commission on public benefit when exercising powers or duties relevant to guidance |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference The Trustees do not offer grants Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The Trustees commenced its operations in January 2023, once the building work had been completed at the end of 2022. With our partners Age Cymru (Gwynedd & Môn) and Bwyd Da Môn successful two lunch clubs are held weekly for older people, with a light meal on Wednesdays and a full roast meal on Thursdays and meals are prepared for delivery on Tuesdays to those vulnerable people who do not have access to fresh food. The Trustees hold a ‘tea and cake’ session every Tuesday aimed primarily at combatting loneliness and social isolation. Later in the year the Carers Trust secured an office in the Centre and now provide weekly events for those caring for people living with dementia in the community. Two local choirs meet weekly, and this provides opportunities for social interaction as well as preparing for musical competitions. Many other organisations use the Centre on an occasional basis, but space is only offered to third sector or charitable organisations. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 |
|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Trustees held £63,736.41 in our accounts at the end of the financial year. This represented the balance of the monies raised to complete the adaptations to our building, and fees and rents received for the space less the regular outgoings and purchase of equipment for the Centre. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trustees keep reserves in order to meet unforeseen expenses and to ensure that there are funds for any maintenance or emergency works are needed to the building. |
| Amount of reserves held | Para 1.22 | The Trustees aim to hold between £10,000 and £12,000 in reserves |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Governing document-Articles dated 24th May 2013 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Company limited by guarantee |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are nominated by persons with an interest in the work of the Trust and elected at the AGM or where there is a casual vacancy by a special meeting called for the purpose of electing new Trustees |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Canolfan Glanhwfa Cyf |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1180027 |
| Charity’s principal address | Capel Moreia Ffordd Glanhwfa Llangefni LL77 7EN |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Huw Goronwy Owen |
Canolfan Glanhwfa Executive Committee |
|||
| Cyngor Tref Llangefni |
Canolfan Glanhwfa Executive Committee |
|||
| Capel Penuel | Canolfan Glanhwfa Executive Committee |
|||
| Capel Moreia | Canolfan Glanhwfa Executive Committee |
|||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets none held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
No staff during this period
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| IEUAN WYN JONES | ||
Chair |
||
| 17/04/2024 | ||
| 17/04/2024 |
Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 May 2023
for
Canolfan Glanhwfa Cyf
Canolfan Glanhwfa Cyf
Contents of the Financial Statements for the Year Ended 31 May 2023
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 7 |
| Detailed Income and Expenditure Account | 8 |
Canolfan Glanhwfa Cyf
Company Information for the Year Ended 31 May 2023
DIRECTORS: Penuel Capel y Bedyddwyr Llangefni Capel Moreia Llangefni Cyngor Tref Llangefni H G Owen SECRETARY:
REGISTERED OFFICE: Capel Moreia Lon Glanhwfa Llangefni Ynys Mon LL77 7EN REGISTERED NUMBER: 08543722 (Wales) ACCOUNTANTS: W Glynne Owen & Co Limited Chartered Accountants 2 Caradog Villas Glanhwfa Road Llangefni Ynys Mon LL77 7EN
Page 1
Canolfan Glanhwfa Cyf
Report of the Directors for the Year Ended 31 May 2023
The directors present their report with the financial statements of the company for the year ended 31 May 2023.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2022 to the date of this report.
Penuel Capel y Bedyddwyr Llangefni Capel Moreia Llangefni Cyngor Tref Llangefni
Other changes in directors holding office are as follows:
T A Jones - resigned 24 August 2022 H G Owen - appointed 24 August 2022
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
H G Owen - Director
20 November 2023
Page 2
Canolfan Glanhwfa Cyf
Income Statement for the Year Ended 31 May 2023
| Notes TURNOVER Administrative expenses OPERATING SURPLUS 4 Interest receivable and similar income SURPLUS BEFORE TAXATION Tax on surplus SURPLUS FOR THE FINANCIAL YEAR |
31.5.23 £ 79,726 17,074 62,652 736 63,388 140 63,248 |
31.5.22 £ 432,767 1,321 |
|---|---|---|
| 431,446 - |
||
| 431,446 - |
||
| 431,446 |
The notes form part of these financial statements
Page 3
Canolfan Glanhwfa Cyf (Registered number: 08543722)
Balance Sheet 31 May 2023
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS RESERVES Income and expenditure account |
31.5.23 £ 1,033 63,736 64,769 539 |
£ 438,960 64,230 503,190 500 502,690 502,690 502,690 |
31.5.22 £ 29,696 258,996 288,692 300 |
£ 151,550 288,392 |
|---|---|---|---|---|
| 439,942 500 |
||||
| 439,442 | ||||
| 439,442 | ||||
| 439,442 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:
H G Owen - Director
The notes form part of these financial statements
Page 4
Canolfan Glanhwfa Cyf
Notes to the Financial Statements for the Year Ended 31 May 2023
1. STATUTORY INFORMATION
Canolfan Glanhwfa Cyf is a private company, limited by guarantee, registered in Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Land and Buildings - 0% - Plant and Machinery - 10%
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 2 (2022 - 2).
4. OPERATING SURPLUS
The operating surplus is stated after charging:
| 31.5.23 | 31.5.22 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation - owned assets | 1,143 | - |
Page 5
continued...
Canolfan Glanhwfa Cyf
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
5. TANGIBLE FIXED ASSETS
| Land and buildings £ COST At 1 June 2022 151,550 Additions 277,117 At 31 May 2023 428,667 DEPRECIATION Charge for year - At 31 May 2023 - NET BOOK VALUE At 31 May 2023 428,667 At 31 May 2022 151,550 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors Amounts falling due in more than five years: Repayable otherwise than by instalments Other loans more 5yrs non-inst |
Plant and machinery etc £ - 11,436 11,436 1,143 1,143 10,293 - 31.5.23 £ 1,013 20 1,033 31.5.23 £ 539 31.5.23 £ 500 500 |
Totals £ 151,550 288,553 |
Totals £ 151,550 288,553 |
|---|---|---|---|
| 440,103 | |||
| 1,143 | |||
| 1,143 | |||
| 438,960 | |||
| 151,550 | |||
| 31.5.22 £ 29,696 - 29,696 31.5.22 £ 300 31.5.22 £ 500 500 |
|||
| 500 |
Page 6
Canolfan Glanhwfa Cyf
Report of the Accountants to the Directors of Canolfan Glanhwfa Cyf
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
W Glynne Owen & Co Limited Chartered Accountants 2 Caradog Villas Glanhwfa Road Llangefni Ynys Mon LL77 7EN
Date: .............................................
This page does not form part of the statutory financial statements
Page 7
Canolfan Glanhwfa Cyf
Detailed Income and Expenditure Account for the Year Ended 31 May 2023
| Turnover Ticket sales Donations and grants Rent Other income Interest Expenditure Rates and water Insurance Light and heat Telephone Post and stationery Advertising and design Repairs and renewals Sundry expenses Hire of equipment Professional fees Accountancy Depreciation of tangible fixed assets Fixtures and fittings Finance costs Bank charges NET SURPLUS |
31.5.23 £ 1,001 71,274 7,451 832 365 10,688 551 131 588 619 362 490 468 765 1,143 |
£ 79,726 736 80,462 17,002 63,460 72 63,388 |
31.5.22 £ - 432,767 - 18 - - 311 - - - 50 360 - 510 - |
£ 432,767 - |
|---|---|---|---|---|
| 432,767 1,249 |
||||
| 431,518 72 |
||||
| 431,446 |
This page does not form part of the statutory financial statements
Page 8