Charity registration number 1204311 LLANFOIST VILLAGE HALL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025
LLANFOIST VILLAGE HALL CONTENTS Page Chaimian's statement Trustees report Independent examiner's report Slalernenl of financial activities Balance sheet statement of cash flows Notes to the financial statements 9-17
LLANFOIST VILLAGER HALL C.I.O. CHAIRMAN'S REPORT JAN 2025 This report covers the year from Feb 2024 to 31 January 2025 and refierts another really challenglng year for all. The greatest challenge was the change in status of the Village Hall to a Charitable Incorporated Institution. Llanfoist Village Hall rs run by volunteerTrustees of the Uanfoist Willage Hall Cl.0. who put In a great deal of time and effort to ensure the Hall is used for the benefit of the local community. We welcome anyone who would wish to be involved In the running of the Hall to join our group of volunteers. We have always ensured that we operate with stringent financial control with carefully planned spending wlthln our budget. This enable5 US to plan for lonEer term development project5 as well a5 maintaining the fabrlc and facilities of the Hall. It Is used by a wide variety of groups throughout the year and is also booked for speclal events such as children's partles, baptismal ¢elebrations and other family celebrations. We provlde a base for several non-profit making community groups at significantly reduced rates. Without this support many of them would not be able to continue. Monthty film nights are always well attended. The change In status of the Hall to a C.l.O. was undertaken to enable a wlder range of people from a wider area to become ¢105ely involved In the day to day running and longer-term direction of the Hall. What had Initialty been outlined as a straighrfofward prO$S was anything but. Even with SUPPOrt from other voluntary and statutory groups a huge arnount of work had to be undertaken by Claire Taylor and Jan Bwljamin. Changing bank accounts Should have been very simple but it was an arduous task. Everything was completed fully and correctly. and we became a Charitsble Incorporated Organisation on Feb 1 2024. We are still In place to best serve the local community; we remain a charitable oryanlsatlon rnn by unpald volunteers from the local area. The other major task was the planning for a newly restrurtured car park whlch. wfth associated improvements to surface drainage, will provlde an excellent surface for people of all abilities and ages to 1n easy and safe acce55 to the Vlllage Hall. It will also deal wlth the In¢reasing danger from surface flow. following heavy rainfall. of seeplng into the Hall Bullding. Since the outbreak of Covid and the war in Ukraine, building costs have increased signlflcantly. We have built up a healthy surplus over the last few years and are confident that a bid forgrant fundlng from the Welsh assembly will enable us to have this project completed before the end of the summer 2025. The year 2024 was a real challenge for the reasons outlined, above. I must agaln thank the volunteer members of our Associatlon for their commitment and hard work durlng thls, most difficult year. Special thanks must 80 to Jan Benjamin, our Treasurer; Claire Taylor. Secretary: Helene Lawton who has tsken over bookings and to all who help out in any way. Without thelr support the Willage Hall could not operate as su(ce55fully as it does. We are also dellghted that a new gmup of volunteers have come forward to help wlth the successful runnlng of the Hall and they are already having a real impact on our work. To all of them, we are extremely grateful. The coming years wlll present us with numerous challenges. The Covid pandemlc contlnues to make us reallse the importsnce of a safe and heafthy community. We look forward to the future wlth cautlous optimism. Mlck Fahy, Chalrrnan ,A£H February 2025.
LLANFOIST VILLAGE HALL TRUSTEES REPORT FOR THE PERIOD ENDED 31 JANUARY2025 The truslees present their annual report and financial statements for the period ended 31 January 2025. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial stslemenls and Comply with the Charity's Igovetning documentl, the Charities Act 2011 and "Ac¢ounling and Reporting by Charities". Slalemenl of Re¢ommended Pra¢li¢e applicable lo charilitrs preparing their a¢¢ounls in a¢¢ordance with the Financial Reporb'ng Standard appli¢able in the UK and Ropublic of Ireland IFRS 1021. (effective 1 January 20191. Objectives and activities The object of the ¢harity is to promote for the benefit of the residents of the parish of Llanfoisl withoLJt distinction of sex, race, political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a Common effort to advance education, provide facilities for social welfare, recreation, leisure-time occupation, to improve conditions of life and local environment for residents. The main activities undertaken in relation to the above PLJrposes is the hiring of Ihe hall. The trustees have paid due regard to guidan issued by the Charity Commission in deciding what activities the charity should undertake. The main activities undertaken to further the charity's purposes for the public benefit are noted throughout this report. Achlevemenls and p&rforman¢o This report mainly takes the form of annual accounts for the year and a copy has been provided both by email and in paper form at the AGM. The financial year runs from January 8th 2023 to January 31st 2024. The financial records for the year have been audited by Azets Ltd who have prepared draft accounts. l am therefore again able lo present at this AGM, for agreement, the annual accounts that will be submitted lo the Charity Commissioners. As a charity we should be non-profit rnaking, financially prudent and ensure we have sufficient funds lo secure, maintain, repair and where we are able improve the hall. The Treasurer for the year was Jan Benjamin. Summary The LVA'S financial pos11ion was strong throughout the year. The year 2023 was the first full trading year after the pandemic required the hall lo close for periods and the use of the hall slow in patches. So il was good lo see trading activity get back lo normal. Fund raising ovents such as film night continued lo be popular, though fooffall depended on the wealhor and the film. There was the usual turnaround in classes some new and some closed for a variety of reasons. However the hall remained very well Ljsed and we continued lo offer a wide variety of extremely well maintained and presented spa¢e, at competitive rates for ¢ommunity Ljse. The small nLJmbers of trustees and volunteers hampered charity objectives to provide community events for the local population. The dwindling numbers willing to give their time is a risk the charity is actively managing. Despite this the charity received the boost of two new members to Ihe managemenl committee who took up the organising and delivery of special events over the year. With their help we held a Summer Fair and a Christmas Santa's Grotto event. Both were a huge SucsS and we aim to hold more in 2024. The small profit, after direct costs lo put Ihe event on, covered heatllight and other operating costs. The emphasis however was on community involvement not profit. The Christmas event attracted 48 children and their families. Running cost pressures continued and consequently we felt we had to increase the commercial rate. This came into effect February 2023. The concessionary rate Ibelow costl for local non-profit making groups remained the same.
LLANFOIST VILLAGE HALL TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 A lot of wort( was undertaken by the trustees, led by the treasurer, during Ihe year lo put in pla the legal, financial and Charily Commission cornerstones for the creation and move to becoming a Charitable Incorporaled Organisation. We worked with the specialist Legal Company Gelards setling up a new constitution, agreeing this with the Charity Commission, registering the new charity with the Charity Commission, redrafting our lease with Llanfoist Fawr Community Council and transferring this to Ihe new charity. We were finally in a position to launch Llanfoist Village Hall charity 1 February 2024 and close the accounts for LLanfoist Villagers Association 31 January 2024. The small profit al the year-end confimis the hall operating business is not viable without the donation of lime and skills by the relatively few trustees, officers and volunteers that run the hall. Flnanclal rèvlèw The current accounting period is to 31 January 2024 due lo the transfer of the charills aclivites and assets and liabilities to the charitable incorporated organisation Llanfoist Village Hall. Charity registration number 1204311. The charity received total unrestricted incorlling resources of £60,297 12023.. £50,730) and total resources expended of £53,22312023.. £44,448) with £12,300 being restricted expendilure12023.. £12,300). The organisalion made an unreslricled surplus of £19,37412023.. £18,582). The charity's financial position reaInS strong. Net Current Assets Our general unrestricted funds or our bank balance, which is a reflection of the organisalions financial wellbeing, has increased over the year from £102.2K lo £124.4K. Reserves Before the transfer of the a¢tivities, assets and liabilities of the ¢harity to the CIO ¢harity, Charity number 1204311, the Unrestricted reserves at year end were £192,50912023.' £173,135) and restricted reserves at the year end were £447,20912023.' £459,509) Ipage 16 of accountsl.The free reserves of the charity lexclLJding fixed assets) totalled £101,77512023.' £101,940). It is the policy of the charity that unreslricled funds which have not been designated for a specific use should be maintained at a level equivalent to 12 month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in income, 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. The Iruslees have examined the major strategic business and operational risks lo which the charity is exposed and examined the charity's requirement for reserves in the light of these risks. Overall Operationally, excluding depreciation, we made a surplus of £22.2K1£60.3K income against £38.1 K expendilurel. Structurè, governance and managemont The charity is governed by ils constitution which was adopted on 10 January 1997 and amended on 2nd March 2010. The charity is an unincorporated charity. Members of the public can apply to become a Iruslee of the charity, the applications are considered by the board and new appointments made when required. Transfer to CIO As noted on pages 7, 8 and 15, on 31 January 2024 the charity tranSferd ils activities, assets and liabilities to the CIO Charity Llanfoisl Village Hall, Charity number 1204311.
LLANFOIST VILLAGE HALL TRUSTEES REPORT ICONTINUED} FOR THE PERIOD ENDED 31 JANUAR Y 2025 R•f•rnnc• and admlnIstratl datalls Charlty name Lkinfoist Village Hall Charity number 1204311 Prlnclpal offka 7 The Cedars Llanfoist Abergavenny NP7 9LX Trust8 Mr M Fahy MrA Kilsby Mrs J Benjamin - TreaSur Mrs T Finnis Mr N Taylor- r8signed 251Q7124 Ms C Taor- resignod 01102125 Mr R Lewis- appointed 25107124 Chairman Indèpendent examlners Azels Audit Services Ty Derw Llme Tree Court Cardiff Gatè Businèss P8rk CardrfF CF23 8AB Bankers Barclays Bank 57 Frogmore Street Abergavenny NP7 SAT The trustees rerM)rt was approved by the Board of Trustees. Trustee Date..
LLANFOIST VILLAGE HALL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LLANFOIST VILLAGE HALL I report to the trustees on my examinab'on of the financial stslemenls of Llanfoisl Village Hall (the charity) for the period ended 31 January 2025. Responslbllltles and basls 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 CharitiesAct 2011 (the 2011 Actl. I report in respect of my examination of the charity's financial stslemenls carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charty Commission under section 14515llbl of the 2011 Act. Independent examiner's statement Since the Charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Association of Chartered Certified Accounlanls, which is one of the listed bodies. Your attention is drawn lo 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 IFRS 1021 in preference to the Accounting and Reporting by Charities". Slalement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations bul has now been thdrawn. l understsnd that this has been done in order for financial stslemenls to provide a true and fair view in accordance ¥Mth Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confim that no matters have come lo my attention in connection wlh the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records,. or the financial slalements 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 maller 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 Azels Audit Services Ty Den Lime Tree Court Cardiff Gale Business Park Cardiff CF23 8AB 20AuiuK 2025 Dated..
LLANFOIST VILLAGE HALL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 JANUARY2025 Unrestricted Restricted funds funds 2025 2025 Total 2025 Not8s Income from: Donations and legacies Charitable activities Other trading activities 192,509 53,899 3,366 447,209 639,718 53,899 3,366 Total in¢ome 249,774 447,209 696,983 Ex nditure on: Raising funds 1,945 1,945 Charitsble activities 41,219 8,448 49.667 Total expenditure 43,164 8,448 51,612 Net income for the periodl Net movement in funds 206,610 438,761 645,371 Fund balances at 10 August 2023 Fund balances at 31 January 2025 206,610 438,761 645,371 The stslemenl of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing aclivilies.
LLANFOIST VILLAGE HALL BALANCE SHEET ASAT31 JANUARY2025 2025 Notss Fixed assets Tangible assets 12 513,202 CuTrènt assets Sto¢ks Debtors Cash 8t bank and in h8nd 13 14 159 585 135,670 136,414 14.2451 Creditors". amounts falling due wthln one yr 15 132,169 Net current assets 645,371 Tetal assets 199$ currant Ilabllltlos Income fund$ Reslricled fvnds UnTaStrict8d funds 438,7fj1 206,610 16 645,371 Tho financial statements were approved by the Trustees on ..... Trust•e
LLANFOIST VILLAGE HALL STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 JANUARY2025 2025 Notes Cash flows from op8ratlng actlvltles Cash generated fromllabsorbed byl operations 20 660,826 Investlng actlvltl•s Purchase of tangible fixed assets 1525,1561 Net cash used In Invostlng actlvltles 1525,1561 Net cash used in financing activities Net increase in cash and cash equivalents 135,670 Cash and ¢ash equivalents al beginning of period Cash and cash equivalents at end of period 135,670
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY2025 Accountlng pollcle$ Charity information Llanfoist Village Hall is a charitable incorporated organisation. 1.1 Reporting period The charity was registered with the Charity Commission on 10 ALJgust 2023. On 31 January 2024, Llanfoist Villagers Association (charity registration number 10632491 transferred Ihe charitls activities, asseis and liabilities to Ihe charitable incorporated organisation Llanfoist Village Hall (charity registration number 12043111. The accounting period is for seventeen months from 10 August 2023 to 31 January 2025. 1.2 A¢countlng Conventlon 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" I'FRS 102.1 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 IFRS 1021" leffective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounis 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 Regulats'ons but which has since been withdrawn. The financial ststements are prepared in sterling, which is the ftjnctional currency of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial stalerllenls have been prepared under the historical cost convention, The principal accounting policies adopted are sel out below. 1.3 Going concern At the lime of approving the financial stslemenls, the trustees have a reasonable expectslion that the charity has adequate resources lo 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. 1.4 Charitsble funds Unrestricled funds are available for use at the discretion of the trustees in fLJrtherance of their charitable objectives. Designated funds comprise funds which have been sel aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are sel out in the notes lo the financial statements. Reslricled funds are subject to specific conditions by donors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes to the financial statements. 1.5 Income Income is recognised when the charity is legally enlitled to it after any performan conditions have been met. Ihe amounis 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 lax recoverable in relation lo donations received under GiftAid or deeds of covenant is recognised al the time of the donation.
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 Accounting policies Icontinuedl Legacies are recognised on reIpt or othernlSe if the charily has been notified of an impending distribution, the amount is known, and reIpt is expected. If the amount is not known, the legacy is treated as a contingent asset. Hall rental is recognised in the period to which the rental relates. Any income received in advance is deferred. Filrll night incowe is recognised when the film night lakes place. Grants are only included in the SOFA when the general income recognition criteria are met. 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of Ihe 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 lo 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 consislenl 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. Support costs are those functions that assist the work of the charity bul do not directly undertake charitsble aclivilies. Support Costs have been allocated between govemance costs and other support. Support costs included central functions and have been allocated lo activity cost categories on a basis corisislenl with the use of resourcès. Governance costs comprise 811 costs involving public 8c¢ountsbility of the ¢harily 8nd ils compliance with regulation and good pocli¢e. Irre¢overable VAT is charged as a Cost against the activity for which the expenditure was incurred. 1.7 Tangible fixed assats Tangible fixed assets are initially measured at cost and subsequently measured al 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.. Land and buildings FixtLJres and fittings 20/0 slraighl line 10-20°/o Straight line The gain or loss arising on the disposal of an asset is determined as the differen between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.8 Impairment of fixed assets At e8ch reporting end dale, the ¢harily reviews the carrying amounts of ils tangible assets lo detemine whether there is any indication that those assets have suffered an impaimitrnl loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impaimenl loss lif any). 10-
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 Accounting policies Icontinuedl 1.9 stocks Stocks are slated al the lower of cost and eslimaled selling price less costs to COTnplele and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or norninal consideration are measured the lower of replacernenl st and cost. Net realisable value is the estimated strlling price less 811 eslimaled Costs of completion and costs to be incurred in marketing, selling and distribution. 1.10 Cash and cash equivalents Cash and Cash equivalents include c8sh in hand, deposits held at call with banks, other short-tem liquid investments with original maturities of threo months or less, and bank overdrafts. Bank ovordrafts are shown within borrowings in Current liabilities. 1.11 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Finan¢ial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Financial instruments are re¢ognised in the ¢harity's balance sheet when the Charity bewmes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presenled in the financial statements, when Ihere 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. Basic finan¢ial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at Iransaction 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 receipls discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Bas1¢ flnan¢lal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised al 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 rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's conlraclual obligations expire or are discharged or cancelled.
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 Crltlcal accountlng estlmatès and ludg8ments In the application of the charity's accounting policies, the Iruslees are required to make judgements, eslim8tes and assumptions about the c8trying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumption$ are based on historic81 experience and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are re¢ognised 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 CLJrrent and future periods. Donations and legacies Unrestricted Restricted fund5 funds Total 2025 2025 2025 Donations and gifts 192,509 447,209 639,718 Donations and gifts Donation of funds received from Llanfoisl Villagers Association 192,509 447,209 639,718 192,509 447,209 639,718 Charitable activities Unrestricted funds 2025 Hall rental 53,899 Other trading activities Unrestricted fund5 2025 Refreshment sales Film night 1,103 2,263 Other trading activities 3,366 12-
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 Ralslng funds Unrestricted funds 2025 Fundraisin and ublici Bar purchases Film and quiz night expenses 573 1,372 Fundraising and publicity 1,945 Charltable a¢tlvltle$ 2025 Depreciation and impairment Advertising and PR Cleaning Consumables Insurance Licenses Light, heat and water Printing, postsge & ststionary Rates Repairs and maintenance Telephone and fax Travelling expenses Sundry expenditure Car park project 11,955 200 12,235 1,310 3,598 831 5,772 529 1,259 6,647 30 42 23 1,558 45,989 Share of governance costs Isee note 81 3,678 49,667 Analysis by fund Unreslricled funds Restricted funds 41,219 8,448 49,667
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 Support costs Support Governance costs costs 2025 Legal and professional Independent examination fees 1,578 2,100 1,578 2,100 3,678 3,678 Analysed between Charitsble activities 3,678 3,678 Governance costs includes payments lo the independent examiners of £2,100. Trustees None of the trustees lor any persons ¢onne¢ted with them) received any remuneration or benefits from the charity during the period. During the year 1 trustee was reimbursed for expenses relating to travel costs totalling £18. 10 Employees The average monthly nurllber of employees during the period was.. 2025 Number Totsl There were no employees whose annual remuneration was more than £60,000. 11 Taxation The charily 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-
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 12 Tanglble flxed assèts Land and Flxture8 and bulldlngs ttlngs Total Cost Additions 513,549 11,607 525,156 At 31 January 2025 513,549 11,607 525,156 Depre¢latlon and Impalrment Depreciation charged in the period 9,774 2,180 11,954 Al 31 January 2025 9,774 2,180 11,954 Carrying amount At 31 January 2025 503,775 9,427 513,202 13 Stocks 2025 Finished goods and goods for resale 159 14 Debtors 2025 Amounts falllng due wlthln one year: Other debtors 585 15 Creditors- amounts falling due within one year 2025 Accruals and deferred income 4,245
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 16 Restrlctèd funds The income funds of the charity include restricted funds wmprising th& following unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds In¢oming resources Balance at 10 August 2023 Resources expended Transfers Balance at 31 January 2025 Village hall 18,4481 447,209 438,761 The transfer relates lo tho transfor from Llanfoist Villagers Association lo the CIO. Depreciation is released against the fund each year for the village hall build. 17 Analysis of net assets between funds Unr¢$trl¢ted Restrlct¢d funds funds 2025 2025 Total 2025 Fund balances al 31 January 2025 are represenlod by.. Tangible assets Current assetsllliabililiesl 74,441 132,169 438,761 513,202 132,169 206,610 438,761 645,371 18 Transfer to CIO Net assets transferred Intangible assets Property, plant and equipment Inventories Trade and other receivables Cash and cash equivalents Borrowings 2,493 513,549 152 2,384 124,413 13,2731 Total identifiable net assets 639,718 The funds of the charity Unrestri¢ted funds Restricted funds 192,509 447,209 639,718 16-
LLANFOIST VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 18 Transfer to CIO Icontinuedl On 31 January 2024 Ihe charity Llanfoisl Villagers Association, charity number 1063249, transferred its activities, assets and liabilities to the CIO Charity Llanfoist Villagers Hall, charity number 1204311. 19 Related party transactions There were no disclosable related paty transactions during the period. 20 Cash generated from operations 2025 Surplus for the period 645,370 Adjustments for.. Depreciatiori 8nd impairment of tsngible fixed assets 11,955 Movernents in working capital.. Ilncreasel in stocks Ilncreasel in debtors Increase in creditors 11591 15851 4,24S Cash generated froml{ab$orbed by) operatlons 660,826 21 Analysis of changes in net fundslldebtl The charity had no debt during the year. 17-