**Charity registration number 1204311 (England and Wales)**
## **LLANFOIST VILLAGE HALL**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026**
## **LLANFOIST VILLAGE HALL**
## **CONTENTS**
||**Page**|
|---|---|
|Chairman's statement|1|
|Trustees report|2 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 17|
## **LLANFOIST VILLAGE HALL**
## **CHAIRMAN'S STATEMENT** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **Chairmans Report**
This report covers the year from 1st February 2025 to 31st January 2026 and reflects another busy and successful year for all.
Llanfoist Village Hall is run by volunteer Trustees of the Llanfoist Village Hall C.I.O. 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 within our budget. This enables us to plan for longer term development projects as well as maintaining the fabric and facilities of the Hall. It is used by a wide variety of groups throughout the year and is also booked for special events such as children's parties, baptismal celebrations and other family celebrations. We provide 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. Monthly film nights are always well attended.
The other major task was the planning and development of a newly restructured car park which, with associated improvements to surface drainage, provides an excellent surface for people of all abilities and ages to gain easy and safe access to the Village Hall. It also deals with the increasing danger from surface flow, following heavy rainfall, of seeping into the Hall Building. Since the outbreak of Covid and the war in Ukraine, building costs have increased significantly. We built up a healthy surplus over the last few years and were grateful for grant funding from the Welsh assembly enabled us to have this project completed before the end of the summer 2025. Our contractor, Carver Bees did a really job, ensuring the Hall remained open during the 8 week construction phase.
The year 2025 was a real challenge for many reasons. During the year two stalwart volunteers, Claire and Nick Taylor, moved to Lancashire to be near family members and I cannot praise the work they carried out over many years. I must again thank the volunteer members of our Association for their commitment and hard work during the year. Special thanks must go to Jan Benjamin, our Treasurer; Bev Waller, Secretary; Helene Lawton who has taken over bookings and to all who help out in any way. Without their support the Village Hall could not operate as successfully as it does. We are also delighted that a new group of volunteers have come forward to help with the successful running 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 will present us with numerous challenges. The Covid pandemic continues to make us realise the importance of a safe and healthy community. We look forward to the future with cautious optimism.
..............................
## **Chairman**
Date: .........................
- 1 -
## **LLANFOIST VILLAGE HALL**
## **TRUSTEES REPORT**
## _**FOR THE YEAR ENDED 31 JANUARY 2026**_
The trustees present their annual report and financial statements for the year ended 31 January 2026.
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, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)".
## **Objectives and activities**
The object of the charity is to promote for the benefit of the residents of the parish of Llanfoist without 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 purposes is the hiring of the hall.
The trustees have paid due regard to guidance 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.
## **Achievements and performance**
This report mainly takes the form of annual accounts for the year and a copy has been provided to all trustees, officers and volunteers.
The financial records for the year have been independently examined by Azets Ltd who have prepared draft accounts. The treasurer presented at the AGM these annual accounts for agreement and subsequent logging with the Charity Commissioners.
Llanfoist Village Hall charity should be non-profit making, financially prudent and ensure it has sufficient funds to secure, maintain, repair, improve and develop the hall. The Treasurer is able to confirm these financial aims and objectives had been met over the financial year.
The Treasurer for the year was Jan Benjamin.
## **Summary**
The financial position was strong throughout the year.
Fund raising events such as film night continued to be popular, though footfall depended on the weather 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 used and we continued to offer a wide variety of extremely well maintained and presented space, at competitive rates for community use.
It was pleasing to see the social event held in the Spring of 2025 resulted in a number of additional volunteers. The quiz events sought to make a small profit to cover heat and light costs and were a real success.
Running cost pressures continued and consequently we felt we had to increase the commercial rate. This came into effect February 2025. The concessionary rate (below cost) for local non-profit making groups remained the same.
The access project including the control and management of the Welsh Government grant was the main focus in 2025. Full financial reports were provided to Welsh Government during the delivery of the project and when it was competed. The charity supplemented the grant of £93K with £65K funding it had accumulated over the last 10 years especially for this project.
- 2 -
## **LLANFOIST VILLAGE HALL**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **Financial review**
The small profit at the year-end confirms the hall operating business is not viable without the donation of time and skills by the trustees, officers and volunteers that run the hall.
The charity's financial position however remains strong.
The charity received total unrestricted incoming resources of £63,260 (2025: £57,265, excluding the income from Llanfoist Villagers Association) and total resources expended of £51,382 (2025: £43,164) with £11,744 being restricted expenditure (2025: £8,448). The organisation made an unrestricted surplus of £11,878 (2025: £14,101).
The charity's financial position remains strong.
## **Net Current Assets**
Our general unrestricted funds or our bank balance, which is a reflection of the organisations financial wellbeing, has decreased over the year from £136k to £82k. Mainly as a result of funding the access project.
## **Reserves**
The unrestricted reserves at year end were £218,488 (2025: £206,610) and restricted reserves at the year end were £520,137 (2025: £438,761) (page 16 of accounts).The free reserves of the charity (excluding fixed assets) totalled £79,790 (2025: £132,169).
The charity aims to maintain 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. This level of reserves has been maintained throughout the year.
The trustees have examined the major strategic business and operational risks to which the charity is exposed and examined the charity's requirement for reserves in the light of these risks and with the strategic aim to develop and improve the hall has to offer the community.
## **Overall**
Operationally, excluding depreciation, we made a surplus of £25k (£63.3k income against £38.3k expenditure).
## **Structure, governance and management**
The LLanfoist Villagers Association charity is governed by its constitution which was adopted on 10 January 1997 amended on 2nd March 2010 and transferred to the present charity Llanfoist Village Hall in 2024.
The charity is an Incorporated Charity.
Members of the public can apply to become a trustee of the charity, the applications are considered by the board and new appointments made when required.
CIO Charity Llanfoist Village Hall, charity number 1204311.
- 3 -
## **LLANFOIST VILLAGE HALL**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **Reference and administrative details**
**Charity name** Llanfoist Village Hall
**Charity number** 1204311
## **Principal office**
7 The Cedars Llanfoist Abergavenny NP7 9LX
## **Trustees**
Mr M Fahy - Chairman Mr A Kilsby Mrs J Benjamin - Treasurer Mrs T Finnis Ms C Taylor - resigned 01/02/25 Mr R Lewis
## **Independent examiners**
Azets Audit Services Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB
## **Bankers**
Barclays Bank 1 Churchill Place London England E14 5HP
The trustees report was approved by the Board of Trustees.
..............................
## **Trustee - J Benjamin**
Date: .............................................
- 4 -
## **LLANFOIST VILLAGE HALL**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LLANFOIST VILLAGE HALL**
I report to the trustees on my examination of the financial statements of Llanfoist Village Hall (the charity) for the year ended 31 January 2026.
## **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.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements 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 the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
- 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 Charities Act 2011.
- 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 financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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: .........................
- 5 -
## **LLANFOIST VILLAGE HALL**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JANUARY 2026**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2026**
**2026**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
-
93,120
Charitable activities
**4**
56,760
-
Other trading activities
**5**
5,376
-
Investments
**6**
1,124
-
**Total income**
63,260
93,120
**Expenditure on:**
Raising funds
**7**
3,481
-
Charitable activities
**8**
46,672
9,051
Other expenditure
**13**
1,229
2,693
**Total expenditure**
51,382
11,744
**Net income and movement in**
**funds**
11,878
81,376
**Reconciliation of funds:**
Fund balances at 1 February
2025
206,610
438,761
**Fund balances at 31 January**
**2026**
218,488
520,137|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2026**
**2025**
**2025**
**£**
**£**
**£**
93,120
192,509
447,209
56,760
53,899
-
5,376
3,366
-
1,124
-
-
156,380
249,774
447,209
3,481
1,945
-
55,723
41,219
8,448
3,922
-
-
63,126
43,164
8,448
93,254
206,610
438,761
645,371
-
-
738,625
206,610
438,761|**Total**
**2025**
**£**
639,718
53,899
3,366
-|
|---|---|---|
|||696,983|
|||1,945
49,667
-|
|||51,612|
|||645,371
-|
|||645,371|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **LLANFOIST VILLAGE HALL**
## **BALANCE SHEET**
## _**AS AT 31 JANUARY 2026**_
|**Notes**
**Fixed assets**
Tangible assets
**15**
**Current assets**
Stocks
**16**
Debtors
**17**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**18**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**19**
Unrestricted funds
**20**|**2026**
**£**
198
2,591
81,754
84,543
(4,753)|**£**
658,835
79,790
738,625
520,137
218,488
738,625|**2025**
**£**
159
585
135,670
136,414
(4,245)|**£**
513,202
132,169|
|---|---|---|---|---|
|||||645,371|
|||||438,761
206,610|
|||||645,371|
The financial statements were approved by the trustees on .........................
..............................
## **Trustee - J Benjamin**
- 7 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **1 Accounting policies**
## **Charity information**
Llanfoist 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 or grantors 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.
## **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.
- 8 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **1 Accounting policies**
**(Continued)**
Hall rental is recognised in the period to which the rental relates. Any income received in advance is deferred.
Film night income is recognised when the film night takes place.
Grants are only included in the SoFA when the general income recognition criteria are met.
## **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.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.
Support costs have been allocated between governance costs and other support. Support costs included central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **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:
Land and buildings 2% straight line Fixtures and fittings 10-20% 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 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete 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 nominal consideration are measured the lower of replacement cost and cost.
- 9 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **1 Accounting policies**
**(Continued)**
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.9 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.
## **1.10 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.
## _**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.
## **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.
- 10 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JANUARY 2026**_
|**3**
**Income from donations and legacies**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2026**
**2026**
**£**
**£**
Donations and gifts
-
-
Grants
-
93,120
-
93,120
**Donations and gifts**
Donation of funds
received from Llanfoist
Villagers Association
-
-
-
-
**4**
**Income from charitable activities**|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2026**
**2025**
**2025**
**£**
**£**
**£**
-
192,509
447,209
93,120
-
-
93,120
192,509
447,209
-
192,509
447,209
-
192,509
447,209|**Total**
**2025**
**£**
639,718
-|
|---|---|---|
|||639,718|
|||639,718|
|||639,718|
||||
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2026**|**2025**|
|||**£**|**£**|
||**Charitable activities**|||
||Charitable rental income|56,760|53,899|
|**5**|**Income from other trading activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2026**|**2025**|
|||**£**|**£**|
||Non-charitable trading activities|1,750|1,103|
||Membership subscriptions and sponsorships|3,626|2,263|
||Other trading activities|5,376|3,366|
- 11 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **6 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2026**|**2025**|
||**£**|**£**|
|Interest receivable|1,124|-|
**7 Raising funds**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2026**|**2025**|
||**£**|**£**|
|Fundraising and publicity|||
|Bar purchases|1,131|573|
|Film and quiz night expenses|2,350|1,372|
|Fundraising and publicity|3,481|1,945|
- 12 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **8 Expenditure on charitable activities**
||**Independent**|**Independent**|
|---|---|---|
||**examination**|**examination**|
||**2026**|**2025**|
||**£**|**£**|
|**Direct costs**|||
|Depreciation and impairment|13,122|11,955|
|Advertising and PR|88|200|
|Cleaning|12,204|12,235|
|Consumables|942|1,310|
|Insurance|2,403|3,598|
|Licenses|489|831|
|Light, heat and water|8,575|5,772|
|Printing, postage and stationary|1,213|529|
|Rates|(16)|1,259|
|Maintenance|8,562|6,647|
|Telephone and fax|-|30|
|Travel|45|42|
|Sundry|396|23|
|Consultant fees|5,000|-|
|Car park project|-|1,558|
||53,023|45,989|
|**Share of support and governance costs (see note 9)**|||
|Governance|2,700|3,678|
||55,723|49,667|
|**Analysis by fund**|||
|Unrestricted funds|46,672|41,219|
|Restricted funds|9,051|8,448|
||55,723|49,667|
## **9 Support costs allocated to activities**
|Governance costs
**Analysed between:**
Independent examination|**2026**
**£**
2,700
2,700|**2025**
**£**
3,678|
|---|---|---|
|||3,678|
- 13 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
|**10**|**Net movement in funds**|**2026**|**2025**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|2,700|2,100|
||Depreciation of owned tangible fixed assets|13,090|11,954|
||Loss on disposal of tangible fixed assets|3,922|-|
## **11 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
During the year 1 trustee was reimbursed for expenses relating to travel costs totalling £45 (2025: £18).
## **12 Employees**
The average monthly number of employees during the year was:
||**2026**|**2025**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
## **13 Other expenditure**
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2026**|**2026**|**2026**|**2025**|**2025**|**2025**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Net loss on disposal of|||||||
|tangible fixed assets|1,229|2,693|3,922|-|-|-|
## **14 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 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
|**15**
**Tangible fixed assets**
**Cost**
At 1 February 2025
Additions
Disposals
At 31 January 2026
**Depreciation and impairment**
At 1 February 2025
Depreciation charged in the year
Eliminated in respect of disposals
At 31 January 2026
**Carrying amount**
At 31 January 2026
At 31 January 2025
**16**
**Stocks**
Finished goods and goods for resale
**17**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**18**
**Creditors: amounts falling due within one year**
Accruals and deferred income|**Land and**
**buildings**
**Fixtures and**
**fittings**
**£**
**£**
513,549
11,607
158,121
4,556
(4,002)
-
667,668
16,163
9,774
2,180
10,678
2,412
(80)
32
20,372
4,624
647,296
11,539
503,775
9,427
**2026**
**£**
198
**2026**
**£**
2,591
**2026**
**£**
4,753|**Total**
**£**
525,156
162,677
(4,002)
683,831
11,954
13,090
(48)
24,996
658,835
513,202
**2025**
**£**
159
**2025**
**£**
585
**2025**
**£**
4,245|
|---|---|---|
- 15 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **19 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At 1 February**
**2025**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**£**
**£**
**£**
Village hall
438,761
93,120
(11,744)
**Previous period:**
**At 1 February**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**£**
**£**
**£**
Village hall
-
447,209
(8,448)|**January**
**2026**
**£**
520,137
**January**
**2025**
**£**
438,761|
|---|---|
Village Hall relates to fixed assets which were obtained using restricted funds given to the charity.
The prior year incoming resources relates to the transfer from Llanfoist Villagers Association to the CIO.
Depreciation is released against the fund each year for the village hall build.
## **20 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1 February**
**2025**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**£**
**£**
**£**
General funds
206,610
63,260
(51,382)
**Previous period:**
**At 1 February**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**£**
**£**
**£**
General funds
-
249,774
(43,164)|**January**
**2026**
**£**
218,488
**January**
**2025**
**£**
206,610|
|---|---|
- 16 -
## **LLANFOIST VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2026**_
## **21 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2026**
**2026**
**£**
**£**
**At 31 January 2026:**
Tangible assets
138,698
520,137
Current assets/(liabilities)
79,790
-
218,488
520,137
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 January 2025:**
Tangible assets
74,441
438,761
Current assets/(liabilities)
132,169
-
206,610
438,761|**Total**
**2026**
**£**
658,835
79,790|
|---|---|
||738,625|
||**Total**
**2025**
**£**
513,202
132,169|
||645,371|
## **22 Related party transactions**
There were no disclosable related party transactions during the year.
- 17 -