**----- Start of picture text -----**
Llandenny Area Community
Trust
Registered Charity: 1182689
**----- End of picture text -----**
## **Llandenny Area Community Trust** **Report and Financial Statements** **Year Ended : 31st April 2024** **Charity no : 1182689** Providing community facilities in the area of Llandenny Trustees Report 2023/2024 1 Llandenny Area Community Trust Registered Charity: 1182689 ## **Trustees** P. Tilley P. Selkirk N. James I. Hamilton - K. Guy-Coombes ## **Address** Llandenny Hall, School Lane, Llandenny, NP15 1DL ## **Bank** The Co-operative Bank, PO Box 101, Manchester M60 4EP ## **Report of the trustees for the year ended 31[st] April 2024** The trustees present their report and financial statements of the charity for the year ended 31[st] April 2024. The financial statements of activities have been on a receipts and payments basis. This is a change from previous years to simplify account preparation. As the income is below £10,000 we have not sought an independent examiner. ## **Objectives and activities** The objectives of the charity are the provision and maintenance of a village hall and play area for the use of the inhabitants of Llandenny and the surrounding area without distinction of political, religious or other opinions. The hall is available for hire by any person as well as members and trustees using the facilities to provide activities to improve the conditions of life for the inhabitants in and around the area. The hall supports regular groups such as a local sewing club, the Monthly Women’s Institute meetings and Saturday morning coffee meet ups. The Coffee mornings are run by the trustees and its volunteers for the benefit of the community, they provide an important and regular meeting point. In addition, the trustees aim to run around 4 larger events throughout the year, these larger events are important for community interaction and charity income generation. To support the local residents of Llandenny the charity oversees and funds the maintenance of a defibrillator which is hosted in the centre of the village, a small proportion of funds raised by the charity may be used for this purpose. The charity adheres to the charity commission guidance with regards to public benefit. It has not been in a position to award grants and consequently does not have a grant award policy. The trust is run entirely by volunteers for which it is very grateful, and it did not employ any persons throughout the year. Providing community facilities in the area of Llandenny Trustees Report 2023/2024 2 **----- Start of picture text -----**
Llandenny Area Community
Trust
Registered Charity: 1182689
**----- End of picture text -----**
## **Achievements and performance** To provide a regular opportunity for the community to meet, a regular monthly coffee morning is hosted by the charity. The charity facilitates the event for community benefit, as it provides an opportunity for community interaction, which has become increasingly important with the closure of the pub and no other local, free-to-attend meeting point. The outdoor play area and land has proved to be a popular addition to the village where local children come and kick around a football in a safe space. The play area and seating provides a relaxing area for young children to play while supervised. With the work of the trustees and volunteers, the hall remains a well maintained and usable facility for community gatherings. The targeted investment in the facility means it remains appealing for the hosting of private functions, alongside larger organised events. Through the support of many locals, the trust was successful in its fundraising efforts and all Hall managed events resulted in a profit, which cover the costs of day to day operations and building a capital base to provide for future upgrades. ## **Financial review** The charity finished the year in a strong position with a net worth of £18,379. Total income of £6,164 of which £1,640 was a grant from Raglan Community council which was received in this year against a prior year expense for AV and cooker. The net profit for the year was £593. The costs included a sum of £420 for the provision of new pads to the village defibrillator. The trustees consider that it should hold a minimum reserve of £3,000 which is sufficient to consider the cost of operations for at least a year without any fundraising taking place. The charity has no funds in deficit at the end of the reporting period. Funds held in excess of this are carried forward, with a longer-term strategic aim to make a significant investment in the facilities. The charity trustees believe that there are sufficient funds to continue its charitable objectives. Historically, primary funding has come from hosting events large and small, for which it relies heavily on volunteers. Notable risks are recruiting volunteers/trustees to continue the management tasks and relationship with the Diocese as landlord. These risks are considered low and manageable. ## **Governance and Structure** Providing community facilities in the area of Llandenny Trustees Report 2023/2024 3 Llandenny Area Community Trust Registered Charity: 1182689 Llandenny Area Community Trust (LACT) is a Charitable Incorporated Organisation (CIO) with voting members other than its trustees. It was created with the intent of managing the Parish area hall, a responsibility granted to the local community by The Monmouth Diocesan Trust, under a trust deed on 29[th] May 1956. A charitable structure was set up in March 2019 to enable the acquisition and ownership of a small plot of land adjacent to the hall. The Charity took over responsibility of running and managing the hall from the Llandenny Hall management committee. The charity constitution allows up to 12 trustees with a minimum number of 4. There were no changes in trustees during the reporting period. Any person within the local community is eligible to put themselves forward as a trustee and all trustees are elected by the eligible voting members at that time. Members are able to sign up and achieve voting rights via the website www.llandenny.com or by notifying the secretary at the Hall address. Providing community facilities in the area of Llandenny Trustees Report 2023/2024 4 |||||Llandenny Area Community| |---|---|---|---|---| |||||
Trust| |||||Registered Charity: 1182689| |**Charity Name**|**No (if any)**|||| |**Llandenny Area Charitable Trust**|**1182689**|||| |||**Charity Name**||||||**No (if any)**|**No (if any)**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Llandenny Area Charitable Trust**||||||**1182689**||||| |||**Receipts andpayments accounts**||||||||||**CC16a**| |||**For the period**
**from**|||Period start date
01.05.23||**To**||Period end date
30.04.24|||| |**Section A Receipts and payments**||||||||||||| |||**Unrestricted**
**funds**|||**Restricted funds**||**Endowment**
**funds**||**Total**|**funds**||**Last year**| |||**to the nearest**|**£**||**to the nearest £**||**to the nearest £**||**to the nearest £**|||**to the nearest £**| |**A1 Receipts**||||||||||||| |Events||**3,383**|||**-**||**-**|||**3,383**||**-**| |Hall Hire|||**400**||**-**||**-**|||**400**||**-**| |Donations|||**741**||**-**||**-**|||**741**||**-**| |Grants||**1,640**|||**-**||**-**|||**1,640**||**-**| ||||**-**||**-**||**-**|||**-**||**-**| ||||**-**||**-**||**-**|||**-**||**-**| |**_Sub total_**_(Gross income for AR)_||**6,164**|||**-**||**-**|||**6,164**||**-**| |**A2 Asset and investment sales,**||||||||||||| |**(see table).**||||||||||||| ||||**-**||**-**||**-**|||**-**||| ||||**-**||**-**||**-**|||**-**||**-**| ||**_Sub total_**||**-**||**-**||**-**|||**-**||**-**| |||||||||||||| ||**_Total receipts_**|**6,164**|||**-**||**-**|||**6,164**||**-**| |**A3 Payments**||||||||||||| |Events||**1,665**|||**-**||**-**|||**1,665**||**-**| |Regular costs||**3,181**|||**-**||**-**|||**3,181**||**-**| |Maintenance costs|||**726**||**-**||**-**|||**726**||**-**| |Projects/Equipment|||**-**||**-**||**-**|||**-**||**-**| ||||**-**||**-**||**-**|||**-**||**-**| ||||**-**||**-**||**-**|||**-**||**-**| ||**_Sub total_ **|**5,571**|||**-**||**-**|||**5,571**||**-**| |||||||||||||| |**A4 Asset and investment**||||||||||||| |**purchases, (see table)**||||||||||||| ||||**-**||**-**||**-**|||**-**||| ||||**-**||**-**||**-**|||**-**||| ||**_Sub total_ **||**-**||**-**||**-**|||**-**||**-**| |||||||||||||| ||**_Total payments_**|**5,571**|||**-**||**-**|||**5,571**||**-**| |||||||||||||| |**_Net of receipts/(payments)_**|||**593**||**-**||**-**|||**593**||**-**| |**A5 Transfers between funds**|||**-**||**-**||**-**|||**-**||**-**| |**A6 Cash funds last year end**||**17,786**|||**8**||**-**|||**17,794**||**-**| ||**_Cash funds this year end_**|**18,379**|||**8**||**-**|||**18,387**||**-**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**|**Unrestricted**
**funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**| |---|---|---|---|---| ||Bank balance|**18,379**|**8**|**-**| ||cash float|**-**|**-**|**-**| |||**-**|**-**|**-**| ||**_Total cash funds_**
(agree balances with receipts and payments account(s))
**Details**|**18,379**|**8**|**-**| |||OK|OK|OK| |||**Unrestricted**
**funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**| |||**-**|**-**|**-**| |||**-**|**-**|**-**| ||**Details**|**Fund to which asset**
**belongs**|**Cost (optional)**|**Current value**
**(optional)**| |||||| ||||**-**|**-**| ||**Details**|**Fund to which asset**
**belongs**|**Cost (optional)**|**Current value**
**(optional)**| ||Land|**unrestricted**|**3,973**|**3,973**| ||||**-**|**-**| ||||**-**|**-**| ||**Details**|**Fund to which**
**liability relates**|**Amount due**
**(optional)**|**When due**
**(optional)**| ||||**-**|| ||||**-**|| ||Signature|Print|Name|Date of approval| |||||| |||||| Providing community facilities in the area of Llandenny Trustees Report 2023/2024 5