## 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
1
## 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
2
## 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|
3
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
4
## 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.
5
## 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|
6
## 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.
7