2024-12-31-accounts

REPORT OF THE TRUSTEES

AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31[ST] DECEMBER 2024

FOR

ABERAERON MEMORIAL HALL

CHARITY REGISTRATION NUMBER: 216102

ABERAERON MEMORIAL HALL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

	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 2024

The trustees present their report with the financial statements of the charity for the year ended 31[st] December 2024. 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 Lloyd Garvey Roger Goss Carol Grinszpan Rhodri Jones

Roger March Caryl Morris Dee Sawyer Adrian Williams Janet Whittaker Helen Evans

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: _________

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 2024.

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: 18[th] March 2025

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ABERAERON MEMORIAL HALL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED

31[ST] DECEMBER 2024

INCOME RESOURCES FROM: Donations and Legacies Activities for generating funds Investment income Deferred Grant Other Grants TOTAL INCOME EXPENDITURE ON: Cost of generating funds NET INCOME / (EXPENDITURE) RECONCILIATION OF FUNDS TOTAL FUNDS B/F NET INCOME / (EXPENDITURE) TOTAL FUNDS C/F	Notes 2 3 4 5	31/12/2024 £ 13,362 59,889 1,262 4,100 ---- __ 78,613 74,291 _ 4,322 95,513 4,322 ___ 99,835	31/12/2023
			£ 2,124 59,757 794 500 __ 63,175 44,177 _ 18,998 76,515 18,998 ___ 95,513

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ABERAERON MEMORIAL HALL

BALANCE SHEET

AS AT 31[ST] DECEMBER 2024

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 LONG TERM LIABILITIES Deferred Grant TOTAL ASSETS LESS LIABILITIES NET ASSETS TOTAL UNRESTRICTED FUNDS	Notes 6 4 7	Unrestricted Funds 31/12/2024 31/12/2023 £ £ 49,925 3,800 1,106 1,134 550 385 85,154 90,194 86,810 91,713 ----- ----- __ _ 86,810 91,713 (36,900) ----- 99,835 95,513 ___ 99,835 95,513 99,835 95,513	Unrestricted Funds 31/12/2024 31/12/2023 £ £ 49,925 3,800 1,106 1,134 550 385 85,154 90,194 86,810 91,713 ----- ----- __ _ 86,810 91,713 (36,900) ----- 99,835 95,513 ___ 99,835 95,513 99,835 95,513
			95,513

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 2024

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 Solar Panels 10% of cost

Deferred Grants

Grants received to fund specific capital expenditure are included as income in the Income and Expenditure Account by instalments over the expected useful life of the related asset. The cost of the Solar Panels is to be depreciated over a term of 10 years at an annual rate of 10% of the cost; consequently the Capital Grant received to fund the Solar Panels will be credited to the Income and Expenditure Account in 10 equal annual instalments to coincide with the depreciation charge.

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.

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2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Memorial Hall Events Hire of Memorial Hall Cinema Brochure Adverts Other Income	31/12/2024 £ 7,858 £30,692 £ 479 £20,660 £ 200 £59,889	31/12/2023
			£ 8,947 £27,702 £ 2,220 £20,330 £ 558 £59,757

3. INVESTEMENT INCOME

Deposit account interest

4. DEFERRED GRANT

Capital Grant received for the Solar Panels being credited to the Income and Expenditure Account over a 10 year period, in line with a 10 year depreciation period, with the balance showing as a Long Term Liability on the Balance Sheet. (Please also refer to Note 1.).

5. COST OF GENERATING FUNDS

COST OF GENERATING FUNDS
Memorial Hall Events Cinema Brochure Costs Other Running Costs	31/12/2024 £ 4,694 £ 209 £12,879 £56,509 £74,291	31/12/2023
			£ 3,930 £ 987 £13,050 £26,210 £44,177

6. TANGIBLE FIXED ASSETS

7.

TANGIBLE FIXED ASSETS
Property Solar Improvements Panels £ £ COST At 1stJanuary 2024 3,800 - Addition during 2024 - 51,250 At 31stDecember 2024 3,800 51,250 DEPRECIATION At 1stJanuary 2024 - - Charge for the year - 5,125 At 31stDecember 2024 - 5,125 NET BOOK VALUE At 31stDecember 2024 3,800 46,125 MOVEMENT IN FUNDS 31/12/2024 Unrestricted Funds at 1stJanuary 2024 £95,513 Add Surplus / Less (Deficit) for the year £ 4,322 Unrestricted Funds at 31stDecember 2024 £99,835 Net movement in funds, included in the above, are as follows: 31/12/2024 Incoming Resources £78,613 Less: Resources Expended (£74,291 ) Net Movement in Funds £4,322	Totals £ 3,800 51,250 55,050 - 5,125 5,125 49,925 31/12/2023 £76,515 £18,998 £95,513 31/12/2023 £63,175 (£44,177 ) £18,998
		£76,515 £18,998 £95,513 31/12/2023
			£63,175 (£44,177 ) £18,998

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7. TRUSTEES’ REMUNERATION AND BENEFITS

No trustee received remuneration or other benefits for the year ended 31[st] December 2024.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31[st] December 2024.

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31[st] December 2024.

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