2023-12-31-accounts

REPORT OF THE TRUSTEES

AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31[ST] DECEMBER 2023

FOR

ABERAERON MEMORIAL HALL

CHARITY REGISTRATION NUMBER: 216102

ABERAERON MEMORIAL HALL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

	Page
Report of the Trustees	1
Independent Examiner’s Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Financial Statements	5

ABERAERON MEMORIAL HALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31[st] December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective from 1[st] January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document – the charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

OBJECTS

The provision and maintenance of a village hall for the use of the inhabitants of Aberaeron without distinction of political, religious or other opinions, including use for meetings, lectures and classes, and for other forms of recreation and leisure-time occupation, with the object of improving the conditions of life for the said inhabitants.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number: 216102

PRINCIPAL ADDRESS

Memorial Hall South Road Aberaeron Ceredigion SA46 0DP

TRUSTEES

Robert Thomas – Chairman Lona Brierley Christine Carter Phil Davies (resigned 29/03/2023) Lloyd Garvey Roger Goss Carol Grinszpan Rhodri Jones

Diana Mace (resigned 06/12/2023) Roger March Caryl Morris Dee Sawyer Ann Sweeting (resigned 19/07/2023) Adrian Williams Janet Whittaker (appointed 27/09/2023)

INDEPENDENT EXAMINER

Mr W G Jones B.Sc., FCCA 2 Coed y Bryn Panteg Aberaeron Ceredigion SA46 0DW

Approved by order of the Board of Trustees on: _____

and signed on its behalf by: _R Thomas___

Robert Thomas - Chairman

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ABERAERON MEMORIAL HALL

I report to the charity trustees on my examination of the accounts of Aberaeron Memorial Hall (the Trust) for the year ended 31[st] December 2023.

Responsibility and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent Examiner’s Statement

I have completed my examination and I can confirm that no material 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 Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr W G Jones B.Sc., FCCA 2 Coed y Bryn Panteg Aberaeron Ceredigion SA46 0DW

Date: 27[th] February 2024

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ABERAERON MEMORIAL HALL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED

31[ST] DECEMBER 2023

INCOME RESOURCES FROM: Donations and Legacies Activities for generating funds Investment income Grants TOTAL INCOME EXPENDITURE ON: Cost of generating funds NET INCOME / (EXPENDITURE) RECONCILIATION OF FUNDS TOTAL FUNDS B/F Less: Prior Year adjustment AMENDED TOTAL FUNDS B/F NET INCOME / (EXPENDITURE) TOTAL FUNDS C/F	Notes 2 3 4	31/12/2023 £ 2,124 59,757 794 500 ______ 63,175 44,177 ______ 18,998 76,515 ---- 76,515 18,998 ______ 95,513	31/12/2022
			£ 290 48,609 53 2,000 __ 50,952 37,999 _ 12,953 63,677 (115) 63,562 12,953 ___ 76,515

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ABERAERON MEMORIAL HALL

BALANCE SHEET

AS AT 31[ST] DECEMBER 2023

FIXED ASSETS Tangible Assets CURRENT ASSETS Stock Debtors Cash at bank and in hand TOTAL CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS LIABILITIES NET ASSETS TOTAL UNRESTRICTED FUNDS	Notes 6 7	Unrestricted Funds 31/12/2023 31/12/2022 £ £ 3,800 4,663 1,134 809 385 301 90,194 70,942 91,713 72,052 ----- (200) ______ __ 91,713 71,852 ______ _ 95,573 76,515 ______ ___ 95,513 76,515 95,513 76,515	Unrestricted Funds 31/12/2023 31/12/2022 £ £ 3,800 4,663 1,134 809 385 301 90,194 70,942 91,713 72,052 ----- (200) ______ __ 91,713 71,852 ______ _ 95,573 76,515 ______ ___ 95,513 76,515 95,513 76,515	Unrestricted Funds 31/12/2023 31/12/2022 £ £ 3,800 4,663 1,134 809 385 301 90,194 70,942 91,713 72,052 ----- (200) ______ __ 91,713 71,852 ______ _ 95,573 76,515 ______ ___ 95,513 76,515 95,513 76,515	Unrestricted Funds 31/12/2023 31/12/2022 £ £ 3,800 4,663 1,134 809 385 301 90,194 70,942 91,713 72,052 ----- (200) ______ __ 91,713 71,852 ______ _ 95,573 76,515 ______ ___ 95,513 76,515 95,513 76,515
				£ 4,663 809 301 70,942 72,052 (200) __ 71,852 _ 76,515 ___ 76,515 76,515
					76,515

These financial statements were approved by the Board of Trustees

and authorised for issue on: _________

and signed on its behalf by: ____

Robert Thomas - Chairman

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ABERAERON MEMORIAL HALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EANDED 31[ST] DECEMBER 2023

1. Accounting Policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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[st] January 2019)’, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Equipment 20% of cost Computer Equipment 20% of cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Memorial Hall Events Hire of Memorial Hall Cinema Brochure Adverts Other Income	31/12/2023 £ 8,947 £27,702 £ 2,220 £20,330 £ 558 £59,757	31/12/2022
			£ 9,378 £16,476 £ 2,400 £20,281 £ 74 £48,609

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3. INVESTEMENT INCOME

Deposit account interest

4. COST OF GENERATING FUNDS

COST OF GENERATING FUNDS
Memorial Hall Events Cinema Brochure Costs Other Running Costs	31/12/2023 £ 3,930 £ 987 £13,050 £26,210 £44,177	31/12/2022
			£ 4,886 £ 2,007 £10,050 £21,056 £37,999

5. TRUSTEES’ REMUNERATION AND BENEFITS

No trustee received remuneration or other benefits for the year ended 31[st] December 2023.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31[st] December 2023.

6. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST At 1stJanuary 2023 Addition during 2023 At 31stDecember 2023 DEPRECIATION At 1stJanuary 2023 Charge for the year At 31stDecember 2023 NET BOOK VALUE At 31stDecember 2023	Property Improvements £ 3,800 - 3,800 - - - 3,800	Equipment £ 3,750 - 3,750 3,000 750 3,750 0	Computer Equipment £ 567 - 567 454 113 567 0	Totals £ 8,117 -
				8,117
				3,454 863
				4,317
				3,800

7.

MOVEMENT IN FUNDS

31/12/2023 Unrestricted Funds at 1stJanuary 2023 £76,515 Add Surplus / Less (Deficit) for the year £18,998 Less Prior Year adjustment ------- Unrestricted Funds at 31stDecember 2023 £95,513 Net movement in funds, included in the above, are as follows: 31/12/2023 Incoming Resources £63,175 Less: Resources Expended (£44,177) Net Movement in Funds £18,998	31/12/2022	31/12/2022
	£63,677 £12,953 (£ 115) £76,515 31/12/2022
		£50,952 (£37,999 ) £12,953

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31[st] December 2023.

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