**Draft Financial Statements** **Charity registration number 1201978** ## **MATHERN & DISTRICT VILLAGE HALL** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Independent examiner's report|4| |Statement of financial activities|5| |Balance sheet|6| |Notes to the financial statements|7 - 15| **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** The objects of the charity are the provision of recreation room, reading room and village hall for the benefit of the inhabitants of the Parish of Mathern, Mounton and Pwllmeyric. The Trustees have complied with their duty regarding the guidance on Public Benefit published by the Charity Commission in exercising their powers and duties. The charity has continued to provide and maintain the club, in furtherance of the Public Benefit given by the charity's charitable activities. ## **Achievements and performance** The hall has had another successful year, increasing our income from hall hire, which is our principal activity. Income from hall hire rose around 10% in 2024-2025 compared to the previous financial year (2023-2024). We already saw an 8% rise in 2023-2024 from the previous year, 2022-2023. We expect hall hire income to grow steadily each year, in line with these figures. We welcomed 22 regular user groups in 2024-2025. We secured a £14,000 Welsh government facilities grant towards our kitchen refurbishment project. This will be used alongside previously received donations to replace our existing kitchen during 2024-2025. We also received a £600 donation from Welsh churches towards replacement kitchen appliances. The kitchen refurbishment took place over the summer and was completed in November 2024. We received a legacy donation of £1,000 in July 2024, following the death of a village resident. This donation was specifically left for the benefit of the senior citizens annual lunch. Our main events were the summer fete in late August and the Bonfire Night in October. They were well attended, and profits were good. The purchase of a van in 2022 has been an invaluable asset to the hall, particularly when planning and setting up events. As it is so well utilised, we upgraded to a more modern larger van in September 2024. In May 2024 we invested in some equipment to enhance our annual summer fete. Namely a slushy drinks machine and a performance stage. Both were used for the fete in August 2024 and provided additional income and an enhanced experience for visitors. In January 2025 we invested in a photobooth for use at parties and events. This will save us paying out each year for a photobooth at our annual snow ball, something we have hired for the previous 2 years. We have also generated income from this investment as we can rent it out for other parties and events. We have already had several bookings for the booth. The trustees’ report was approved by the Board of Trustees. - 1 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **Financial review** The charity received income in the period totalling £54,505 (2024: £151,023, excluding the transfer from unincorporated charity, the income totalled £39,352). Expenditure in the period totalled £77,604 (2024: £37,478). The charity's unrestricted reserves at the period ended were £90,446 (2024: £113,545). The free reserves at the period ended were £10,545 (2024: £28,124). The trustees believe that the charity has adequate reserves to finance its activities for the immediate future. There are no finds materially in deficit. ## **Risk assessment** The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. ## **Structure, governance and management** The charity’s governing document is a Constitution of a Charitable Incorporated Organisation (CIO). The organisation shall be managed by a board of trustees who shall be elected annually at the Annual General Meeting (AGM), and the trustees are appointed by approval at said AGM. - 2 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **Reference and administrative details** Mathern and District Village hall is a registered charitable incorporated organisation, charity number 1201978 whose address is: Mathern Village Hall Mathern Chepstow NP16 6JH ## **Trustees:** Matthew Sidwell Matthew Pike Victoria Sidwell-Brown Catherine Lewis Glenda Lewin Elisabeth Leng Caroline Graham Shaun Barnsley Amy Thatcher Allison Powell Donald Morgan - appointed 12 May 2025 Lesley Morgan - appointed 12 May 2025 Lisa Morgan - appointed 26 April 2025 ## **Committee Officials:** Chairperson: Mr Matt Sidwell Vice Chairperson Mr Matthew Pike Secretary: Mrs Catherine Lewis Booking Secretary: Mr Matt Sidwell Treasurer: Mrs Victoria Sidwell-Brown The trustees' report was approved by the Board of Trustees. .............................. ## **Trustee** Date: ............................................. - 3 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF MATHERN & DISTRICT VILLAGE HALL** I report to the trustees on my examination of the financial statements of Mathern & District Village Hall (the charity) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Craig Yearsley FCCA** Azets Audit Services Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB Dated: ......................... - 4 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
159
2,100
Charitable activities
**4**
22,357
14,000
Other trading activities
**5**
15,889
-
Investments
**6**
-
-
**Total income**
38,405
16,100
**Expenditure on:**
Raising funds
**7**
9,715
-
Charitable activities
**8**
51,115
15,500
Other
**12**
1,274
-
**Total expenditure**
62,104
15,500
**Net (outgoing)/incoming resources before transfers**
(23,699)
600
Gross transfers between funds
600
(600)
**Net (expenditure)/income for the year/**
**Net movement in funds**
(23,099)
-
Fund balances at 1 April 2024
113,545
-
**Fund balances at 31 March 2025**
90,446
-|**Total Unrestricted**
**funds**
**2025**
**2024**
**£**
**£**
2,259
121,141
36,357
19,140
15,889
10,736
-
6
54,505
151,023
9,715
7,690
66,615
29,788
1,274
-
77,604
37,478
(23,099)
113,545
-
-
(23,099)
113,545
113,545
-
90,446
113,545|**Total Unrestricted**
**funds**
**2025**
**2024**
**£**
**£**
2,259
121,141
36,357
19,140
15,889
10,736
-
6
54,505
151,023
9,715
7,690
66,615
29,788
1,274
-
77,604
37,478
(23,099)
113,545
-
-
(23,099)
113,545
113,545
-
90,446
113,545| |---|---|---| |||151,023| |||7,690| |||29,788| |||-| |||37,478| |||113,545
-| |||113,545
-| |||113,545| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 5 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2025**_ |**Notes**
**Fixed assets**
Tangible assets
**14**
**Current assets**
Debtors
**15**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**16**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds
Designated funds
**19**
General unrestricted funds|**2025**
**£**
2,361
10,452
12,813
(2,268)
-
90,446|**£**
79,901
10,545
90,446
90,446
90,446|**2024**
**£**
896
41,428
42,324
(2,200)
12,000
101,545|**£**
73,421
40,124| |---|---|---|---|---| |||||113,545| |||||113,545| |||||113,545| The financial statements were approved by the Trustees on ......................... .............................. ## **Trustee** - 6 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **Charity information** Mathern & District Village Hall is a charitable incorporated organisation. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 7 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Hall 0% Grounds 25% straight line Fixtures and fittings 10% straight line Motor vehicles 20% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. - 8 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **(Continued)** ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** ||**Unrestricted**|**Restricted**|**Total **|**Unrestricted**| |---|---|---|---|---| ||**funds**|**funds**||**funds**| ||**2025**|**2025**|**2025**|**2024**| ||**£**|**£**|**£**|**£**| |Donations and gifts|159|2,100|2,259|121,141| - 9 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**3**
**Donations and legacies**
**Donations and gifts**
Donation of funds received from Mathern & District
Club
Donations and gifts
**4**
**Charitable activities**
Performance related grants
Charitable rental income
**Analysis by fund**
Unrestricted funds
Restricted funds
**5**
**Other trading activities**
Fundraising events
**6**
**Investments**
Interest received|-
159
159|**(Continued)**
-
-
111,871
2,100
2,259
9,270
2,100
2,259
121,141
**2025**
**2024**
**£**
**£**
14,000
-
22,357
19,140
36,357
19,140
22,357
19,140
14,000
-
36,357
19,140
**Unrestricted Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
15,889
10,736
**Total Unrestricted**
**funds**
**2025**
**2024**
**£**
**£**
-
6|**(Continued)**
-
111,871
2,259
9,270
2,259
121,141|**(Continued)**
-
111,871
2,259
9,270
2,259
121,141| |---|---|---|---|---| |||||121,141| |||||| |||||| |||||**2024**
**£**
-
19,140| |||||19,140| |||||19,140
-| |||||19,140| |||||| - 10 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **7 Raising funds** ||**Unrestricted **|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Fundraising and publicity||| |Other fundraising costs|9,715|7,690| ||9,715|7,690| ## **8 Charitable activities** |Depreciation and impairment
Rates, Water & Sewage
Insurance
Light & Heat
Cleaning
Repairs & Maintenance
General Expenses
Licenses
Computer Costs
Advertising
Share of governance costs (see note 9)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2025**
**£**
6,295
478
1,442
4,616
3,278
35,065
9,102
141
614
56
61,087
5,528
66,615
51,115
15,500
66,615|**2024**
**£**
4,297
468
1,318
4,414
2,944
4,611
2,405
1,013
559
268| |---|---|---| |||22,297
7,491| |||29,788| |||29,788
-| |||29,788| - 11 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **9 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Independent Examination fees
-
2,100
Professional fees
-
3,428
-
5,528
Analysed between
Charitable activities
-
5,528|**2025**
**£**
2,100
3,428
5,528
5,528|**2024**
**£**
1,800
5,691| |---|---|---| |||7,491| |||7,491| Governance costs includes payments to the independent examiners of £2,100 (2024 - £1,800). ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2024 - £nil). During the year, 1 trustee received £3,000 for bookkeeping services (2024 - no trustees received income during the prior year). The charity also reimbursed 1 trustee £446 in relation to bookkeeping costs during the year (2024 - £nil). ## **11 Employees** The average monthly number of employees during the year was: |The average monthly number of employees during the year was:||| |---|---|---| ||**2025**|**2024**| ||**Number**|**Number**| |Total|-|-| |There were no employees whose annual remuneration was more than £60,000.||| ## **12 Other** |**Unrestricted**
**funds**
**2025**
**£**
Net loss on disposal of tangible fixed assets
1,274
1,274|**Total**
**2024**
**£**
-| |---|---| ||-| - 12 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **13 Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. ## **14 Tangible fixed assets** |**Hall**
**Grounds**
**Fixtures and**
**fittings**
**Motor**
**£**
**£**
**£**
**Cost**
At 1 April 2024
44,569
4,200
25,429
Additions
-
-
4,164
Disposals
-
-
-
At 31 March 2025
44,569
4,200
29,593
**Depreciation and impairment**
At 1 April 2024
-
1,050
2,543
Depreciation charged in the year
-
1,050
2,959
Eliminated in respect of disposals
-
-
-
At 31 March 2025
-
2,100
5,502
**Carrying amount**
At 31 March 2025
44,569
2,100
24,091
At 31 March 2024
44,569
3,150
22,886
**15**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments
**16**
**Creditors: amounts falling due within one year**
**Notes**
Deferred income
**17**
Accruals|**vehicles**
**£**
3,520
11,426
(3,520)
11,426
704
2,285
(704)
2,285
9,141
2,816
**2025**
**£**
1,741
620
2,361
**2025**
**£**
168
2,100
2,268|**Total**
**£**
77,718
15,590
(3,520)
89,788
4,297
6,294
(704)
9,887
79,901
73,421
**2024**
**£**
514
382
896
**2024**
**£**
400
1,800
2,200| |---|---|---| - 13 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **17 Deferred income** |Other deferred income|**2025**
**£**
168|**2024**
**£**
400| |---|---|---| |||| |Deferred income is included in the financial statements as follows:
Hire fees received in advance.||| |Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025|**2025**
**£**
168
400
(400)
168
168|**2024**
**£**
400| |||-
-
400| |||400| ## **18 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: ||**Movement**||**Movement in funds**|**Movement in funds**|||| |---|---|---|---|---|---|---|---| ||**in funds**||||||| ||**Incoming**|**Balance at**|**Incoming**|**Resources**|**Transfers**||**Balance at**| ||**resources**|**1 April 2024**|**resources**|**expended**||**31**|**March 2025**| ||**£**|**£**|**£**|**£**|**£**||**£**| |Welsh Government|-|-|14,000|(14,000)|-||-| |Mathern Community|||||||| |Council|-|-|600|-|(600)||-| |Senior Citizens Function|-|-|1,500|(1,500)|-||-| ||-|-|16,100|(15,500)|(600)||-| **Welsh Government -** Grant for a kitchen refurbishment project. **Mathern Community Council -** Donation received for kitchen appliances. **Senior Citizens Function -** Donation received for senior citizens function. Involves a 2 course lunch, drinks and entertainment for the senior residents of the village. This is an annual event. - 14 - **Draft Financial Statements MATHERN & DISTRICT VILLAGE HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **19 Designated funds** The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: ||**Movement**|**in funds**|||||| |---|---|---|---|---|---|---|---| ||**Incoming**|**Transfers**||**Balance at**|**Resources**||**Balance at**| ||**resources**||**1**|**April 2024**|**expended**|**31**|**March 2025**| ||**£**|**£**||**£**|**£**||**£**| |Kitchen fund|5,000|7,000||12,000|(12,000)||-| ||5,000|7,000||12,000|(12,000)||-| ## **Kitchen fund** The income relates to the transfer to the CIO and a donation received. The fund was towards a new Kitchen. ## **20 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 15 -