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 Suc￿sS 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 re￿aInS 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 tranSfer￿d 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 - TreaSu￿r
Mrs T Finnis
Mr N Taylor- r8signed 251Q7124
Ms C Ta￿or- 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 y￿r
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 re￿Ipt or othern￿lSe if the charily has been notified of an impending distribution,
the amount is known, and re￿Ipt 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-