Penrhyn New Hall Limited, Tnjstees. Annual Report year ended 31 March 2024
Trustees, Annual Report - Penrhyn New Hall Limited
For the period starting 1 April 2023 and ending 31 March 2024
Charity registration number. 260371
Company number: 00958549
REPORT OF THE MANAGEMENT COMMIThEE
The Management Committee are pkased to presenl their combined Trustees, Annual and Iwmpany
law complianll director's report for the year ending 31 March 2024. The ieport comprises".
A report by the Mana9ement Committee {Direclor's Rew)rt)- page 3
2. The Council of Managerr￿nYS perfOrn￿n￿ report- page 4
3. Independent Examinèrfs report- page 5
4. Statement of financial a¢tNities {￿n￿lrk￿atin9 an income and expenditure account)- page 6
5. Balance Sheet- page 7
6. Notes lo the financial slalerrEnts- pages 8- 12
Structure, Governance and Management
The organi5alion is a Gharilable company limited by gLEarantee. incorporated on 11 July 1969 and
subsequently registered as a chanty on 14 January 1970.
The company was estsblished under a Memorandum of Assouakn"on which established the objects
and powers of the charitable company ano is govemed under rts Articles of Association Un¢Jer those
artieles the members of the Management Committee (being the trustees, and also directors under
company lawl are limited to seven in number and are elected on an annual basis al the Annual
General Meeting of the company.
Recruitment and Training of Trustees
As sel out in the Articles of Asscriation the ManageN*nt Coryunittee may from time to time and at any
lime appoint a member OF the charity to Ihe Management Committee. esther to fill a vacancy or by
of addition to the Counal, provided that the pre￿ribed maximum is not exceeded. Any member so
appointe(I shall ietain Ot￿e onty until the next Annual General Meeling but shall then tk eligible for
election.
Prospects"ve Iruslees nomialty attend Council meetings lo nwt their future fellow Iru51ee5. They are
briefed on their legal obligations under charity and company law and the content of the Memrandum
and Articles of Association.
Reference and Adminlstratlve Inforniation
Members of the Manag•ment Commlttee on the date the veport was approved:
Mrs A Stanhope - Chair
Mf J M Q Stanhope
Ms E A Stanhope
Mr F N C Ranson
Mr C C Cater
Mrs J C Humphreys
Secretary
Mr J M Q Stanhope

Penrhyn New Hall Limited. Trustees, Annual Report year ended 31 March 2024
Reglstered Offi¢e and Operation Addres8
Penrhyn New Hall. Hartsville Avenue. Penrhyn Bay. Llandudno.
Accountants
Breeze & Co (Llandudnoi Ltd., 9 Lloyd StreeL Llandu(Jno.
Bankers
N8tion81 Westminster pl¢., 62 Mostyn Street, Llandudno.
Soll¢btors
Farrer & Co., 66 Llncoln's Inn Fleld. London.
Objectives and Activltse$
Penrhyn New Hall Ltd is a chantable company e8tsblish8d for the promotion of temperance {in tho
wider meaning$} for the Inhabitants of Penrhyn Bay ano Llandudno.
Thesè objectives are achieved Ihrough the medium of a oynrnun￿ centre providing facilrties for the
use of local Inhabilanls lo loll¢)w recreational and leisure tim8 c¢cupations in the interest of social
welfare with the obje¢l ol improving the conditions of life for the persons for whom they are intended.
When planning activit￿. the Tfuslees gNe regard to the Charity Commission's 9￿￿dance on
publi¢ benefit.
Flnanclal revlew
The Management Commrttee Ih8nk the Chair of Trusteas for her oveNiew of financial actNilies and
flnanclal posllion al the end of the year. We have Included her warate report as part ol this
document.
Règerves pollcy
The management committee have established a p)licy thai stimulates sustained growih in the
structure of total lunds held by the charity. The over-riding obiectrve is to ensLtre Ihat tho Charlty is
able lo continue in operkn'on in the long lerm. Funds are unfesln.cted subject to cashflow needs and
all expenditure above £5,000 must be agreed by a majority of the management comrnittee.
Investment pollcy
The management eommittéÈ has consKlered the most appropriale policy for investing fijnds and have
decided that a programme of dNor¥ifi¢*ion shoukj be established in the lutyre with the vi¢w to
inGreasing the capital value ol the InvesthRnl portfolh? currenuy held by lh8 company.
Risk rgview
The mana9emenl (tjmmittee has conducted Its own revlew of the r￿or risks lo whlch th8 ¢h8rtty 15
exposed and systems have been established lo mitigate those fisks. The development of systems
and procedures lo ensure the consislent quality of dolivery lor all opetalional aspects of the company
has proved sU￿$s1u1. These systems and procedurgs are reviewed periodically lo ensura that they
still meat th8 nèèds of the Charity.

Penrhyn New Hall Lirniled, Trustees. Annual Report year ended 31 Match 2024
Statement of Responslbllltle8 of the Management Commlttea
Company law requires the Management Commrttee lo prepare financial ststements for each financial
year which give a true and fair view of Ihe state of the affairs of the charitable company and of the
Incomlng resources and appitsoon ol fasources, In￿Yalng me Income an¢J expenditure, or
charitable Gompany for that penod. In preparing lI￿Se financial slaten*nts the Managoment
Cornmitt8e arè Tequired to..
Select suitable accounting policies and then appty them consistenlty,.
Observe the methods and principles in the Charities SORP:
Make judgements and estsmales that are reasonable and prudent
stste whether applicable UK Accounting Standards and statements of recommended practi
have been followed. subject to any material departures di8cIo8ed and explained in the financial
slalements., and
Prepare the financol statements on the going concem basis unless it is inappropriate to presume
that the company will tonlinue in operabon.
The members of the Management Comnmttee are reSp)nsIb￿ for keeping proper accounting records
which di￿10$8 with reasonable acGuraGy al any the finan￿al posillon of the charitable company
and lo enable them to ensure that the financbal statements compty wrth the Companies Act 2006.
They are also rgsponsible for safeguarding tho assets of the company and for taking reasonable
steps for the pr8ventlon and delecM)n of fraud and other Irregularities. In 80 lar as the Trustees are
aware..
Thgrg is no relovanl Snlomitititin of wh￿h the charity's independent examiner is unaware., and
The Trustees have taken all steps that they ought lo have taken to make Ihemselves awa￿ of
any relevant infomwtlon and to establish that the independent éxaminer is aware of that
infonmation.
This report has been prepar8d in a¢cordan¢e with the Statement of Récomm8ndgd Pra¢lice-
Accounting and Reportrng by Charitias and in accordance with the special provisions ol Part 15 of the
Companies Act 2008 applieablg lo companies subj￿1 to the small companies regime.
Members of the charitablg company guarantee to contribute 8n amount not exceeding £1 to th
assets of the charitable company In the event of winding up. The total number of guarantees at 31
March 2024 was 717 in 2023).
2024.
J M Q Stsnhope
Secretary

Penrhyn New Hall Limited. Trustees, Annual Report yeaf ended 31 March 2024
The Council of Management's Performance Report
The past ￿1ve ftM)nths at Penthyn New Hall have followe(I the usual pattern. Our fegulai'userf
groups- The Bridge Club, Yoga, Young Persons Dancè and Performing Arts and Theatre groups
continije to make full use of our facility and the Ttusl ts rn0￿ grateftjl br this patronage.
We a￿ a￿ayS glad lo altFact and retain new clients and we are delighled Bangor University classes
to promote Welsh Leaming. have proved very successful and were continued into the Summer and
beyond.
The Penrhyn New Hall Bowling Club, now rebranded as a memberfs 'soctal b¢￿￿Ing club. with a
simplified structure of Chair, Captain and Secrelary proved to be a Suc￿sS and due to the hard work
of it's enthusiastic membership has prospered this year. The fvture looking much brighter and the
Trust looks fo￿ar[l lo conts"nuing to work with the new sel up.
TRUSTEES:
The year saw no changes to our Trustee team. who Wofk quieuy and efficiently in the background and
are there lo supplement the work of our Chairperson, when Called upon for advice.
TURNING to tho ACCOUNTS:
Rental income saw a welcome increase of £3.465 due in part to revised hire charyes and addition
sales, which produced an uplift of arounty 33% on the previous yearfs turnover.
The overall operating Irading deficit being £15.$08.00. for the peri¢)d. Carefvl Gonlrol across all
aspecls the iterns comprising'expendiluie. which year on year follow a remarkabty similar pattern of
cost, eftsure an OLslcome that produces no 'black holès..
The unknown factor being when repairs and renewals or ewntial maintenance items occur in the
financial year and not bud9eted for.
Fortunatety, our planned energy costs have been well contained through rkegob.ated supply contr8cts
and the previous improvements rnade to heating an¢J lightt'ng sources in the Hall.
It is quite obvious from the accounts. the degree to which our Investment Inco￿￿ generated by our
portfolio, continues lo act as the mainstay of our abilty to fund oyr trading deficit and minimise rental
charges 10 oul patrons. This firsancial year rt Ptoduwj £19,587 of income. In order lo maintain this
level of return on the ovefall sum invested. a careftjl balance hag lo be stnjck to maintain the %
incrjme return of individual asset types. weighad aganst the risk factor of the type of investment and
the potential for ¢aprtal gain, lo prot￿¢ and i¢Jealty 9row the overall portfolio value. Regular
conversations with our Portfolio Manager take place to achieve this aim.
In the financtal year 2023124. when making the calcukqtion for Profft l Loss on annual revaluation of
the portfolio lan accounting r￿UireM￿NE1. a loss of £10.909.(KJ is shown.
The overall deficit (Nel movement in funds) for Ihis financial year per the xcounts is £9,365.00 ngL
Anne Stanhope
Chair of T￿$t￿.
Dat•d
2024.

Penrhyn New Hall Limited. Trustees. Annual Report year eThJed 31 March 2024
Independent Examiner's report on the accounts
ReF)Ort to th8 trusteesldireclorsl memters ot. Penrhyn New Hall Limited
Charity no.: 260371 Company no.: 00958549
On accounts for the year ended 31 March 2023 as set out on Daoes.. 6-12
Respectlve r08ponslbilttl￿ of trustèes and examlner
The Iruslees (who are also the directors of the Company for tho purposes of company lawl a
responsible for the preparation of the a¢￿vn￿. The charity's truslees consider that an audit is not
required for this year undet section 144 of the Charilies Act 2011 (the Charities Acll and that an
independent examination is needed.
It is my responsibility to_.
examine the accounts urKler section 145 of the Charities Ac(
lo follow Ihe procedures lald down In thè general Direcb"ons glvén by the Charty Commission
lunder sectlon f4515llbl of the Charrties Act, and
to State whethor partKular matters have GIMr￿ to my attent￿n.
8asl8 ol Independent •xamlnef8 Statement
My examinatson was carried out in accordance with gemral DirKtions given by ihe Charity
Cornmission. An examination includes a review ol the accounting records kept by the Gharity and a
comparison of the a￿￿ntS presented with Ihose records. 11 also includes consideration of any
unusual items or disclosures in the accounts and seeking explanalions from the trustees concerning
any suGh matters. The procedures undertaken do not provKle all the eV￿ence that would be r$quired
in an audit. and consequently no opinion is gNen as lo whether the accounts present a 'lfue and fair,
vlew and the report 18 limited to Ih08e mattérs sel out in the Jtatem8nt b?bw.
Indgp•ndgnt •xamlner'8 ststemont
In connection with my examination. no matter has come to ry attention to indl¢ate th81'.
aocounling records have not bfr8n kept in a¢wr(la￿ with seGb'on 386 of ihe Companies Act
2006.,
thè accounts do not a¢¢ord with such record$'.
where accounts are p￿Pared on an accruals basis. whether they lall to ￿mplY with relevant
accounting requirements under wtion 396 of the Companies Act 2006. or are not (xjnsislenl with
th• Choritieg SORP IFRS102)
any matter which the examiner believes should be drwwn lo the attents'on of the ￿ader to gain
proper understanding of the acccHJnts.
M D Evans FCA
Breeze & Co Chartered AGGountants
g Lloyd Street, Llandudno.
Corwy LL30 2UU

Penrhyn New Hall Limited
Charity Number: 260371
Company Number: 00958549
Statement of financlal actlvities (including summary income and expondltufe account)
for the year ended 31 March 2024
Total
Unrestrlcted
Fund•
2024
Total
Unrestrlcted
Funds
2023
Notes
Income from:
Charitable aclivilies..
Charges for hire of hall
Rental of sweet bfl8r8
Donation
Tol81 incom8 fmm ch8rtlabl8 ach'vltsès
13.995
2,691
10.530
2.604
16,686
13.134
Income from investments Istocks and shares)
(Lossl on sale of Investments Islocks and shares)
Interest received
19,587
-2,935
400
19.462
.200
164
Total In¢om•
32,560
ExpgndSture
Charitablé •xpentJilur•
Management and adminlgtr8tbn
28,298
3.896
29.702
2.806
Totil •xp•ndSturn
32,194
32.S08
Net Incomo for the yoar
Not gains Ilossesl on investments
Net Incomellexpendlture
52
-10,909
-9,365
-37.331
Net movement In fund8
-9,365
-37.331
Rèconciliation of fund$:
Total funds brought lO￿ard
Total funds carrled forward
387,922
378.557
425,253
387 922

Penrhyn New Hall Llmlted
Balance Sheet as at 31 March 2024
Notss
2024
2Q23
Flxed assets
Tangible assets
Investments
Ttstsl fixed assets
16.613
346,802
363,415
17.666
342.234
359.900
Current assets
Debtors and prepayments
Cash at bank and in hand
Total current assets
2,700
18,202
20.902
1,820
31,484
33.304
Credito
Amounts falling due wihin one year
Net current assets
5,610
5.132
15,292
28,172
Total assets less current Ilabilltie8
378.707
388,072
Crèditots
Amounts falling due after more than one year
Total net assets
150
378.557
150
387,922
Funds of the charty
U￿reStr￿ted fund5
378,557
387,922
The company was entW to exemption from audit under s477 of the Companies Act 20(￿ relating
lo small eompanies_
The members have not required the company to obtain an audrf( in aco)rdanee with section 476 of
the Companie5 Act 2(KX8.
The dire¢tors acknovAedge their responsibilltyes for ￿M￿YIng with the requtrements of the
Companies Act ￿spect to accountln9 reGords and the P￿ParatiOn of accounts.
These accounts have been prepared tn accordance wth the provistons applicablè to small
companies subject lo the small companies regime and in 2¢¢0rdance with FRS102 SORP.
The Directors have approved these a(tounts and they are signed by *Jne director on behalf
of all th¢ DireGtors
2024
Zblii
A gtanhtspo '.
SignabJre of director authenticating a¢counts b8ing sent to Companies Hous8 2024
Cccater:
281,, |2JLY

Penrhyn New Hall Limlted
Notes to the accounts
For the year ended 31 March 2024
Accountlng pollcies
1.1 Basis of preparatlon
These accounts have been prepared LFnder the histori￿ cost convention items recognised al
cost or transaction value unless otherwise stated in the relevant rK)tels) lo these accounts.
The accounts have been prepared in accordance with..
the Stslement of Recommended Prackn￿.. A￿jJnting and Rewtting by Charities preparFng their
accounts in accordance with the Financial Repo￿ng Standard appl￿ble in the UK and Republic of
Ireland IFRS 1021 issued on 16 Juty 2014.
and with thè Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
IFRS 1021. and with the charities acl 2011.
The ¢harty conslillrtes a public benefft entity as defined by FRS 102.
1.2 Income
ReGognition of incomg
These are Included in the Statement of FinancAal Activities ISoFA} when.. the charity becomes entitled
to the resour(Es'. it is MO￿ Ihall likely than not that Ihe trustees will recetve the resources.. the
monetary value can be measured with sufficient reliath"lity.
Offsetting
There has been no offsetting of assets and liabdibes, or income and expenses. unless required or
pemrtted by the FRS 102 SORP or FRS 102.
Income from interest and dlvidends
This is included in the accounts when re¢eFpt is probable and the amount receivable can be measurèd
reliably.
Invostmontgains and loss•s
This includes any ￿alISed or unrealised gains or losses on the sale of investments and any gain or
loss resulting from revaluing investments trj market value al the end of the year.

Penrhyn New Hall Limited
Notes to the a¢counts
For the year ended 31 March 2024
1.3 Expgndlturg and Ilabllltlos
Liability r8cognition
Liabilities are recognised where il ts MO￿ likely than not that there is a ￿al or constructive obligatio
committing the charrty to pay out rE50urces and the amount of the oblKJab"on can be measured wth
reasonable ￿rtainty.
Deferred income
No material item of fJeferred ino)rne has been included in the accounts.
Crèditors
The charity has credilors which are measured al settlement amounts any trade diswLtnts.
1.4 Assets
Tangible fixed assets for use by the Charlty
These are capitalised and valued at cost rf they can be used for more than one year.
Depreciation is provided at Ihe followirKJ rates in order lo vffite off the assets over their ests"maled
Freehold land
Freehold Iiuildings
over 50 years
FixtiJres and fflts'ng$ 15% per annum of net ￿￿k value
Investm¢nts
Fixed asset investments in quoted shares. traded bonds and similar investrnènts arè valuèd inrtialty al
cost and subsequentty at fair valLte {their matket valuel al the year end. The same treatrnenl is
applied to unlisted investments unless fair value cannot be measured reliabty in which case it is
measured al cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents wth a maturity dale
of less than 1 year are Ireated as curreftl asset investrnenb.
Debto
Debtors (including trade debtors and loans receFvablel are measured on initial recOgn￿on at
settlement amount after any trade discounts or amount advanced by the tharity. Subsequently, they
are measured 8t the cash or other consideralh)n ex￿ted io te recewed.

Penrhyn New Hall Llmitèd
Notes to the accounts
For the year endèd 31 March 2024
2024
2023
Expenditure
Nots8
2.1 Charitablè exponditur•
Paid employees
Water rates
Light and heat
Insurances
Repairs and malntenance
Garden maintenance
Cleaning
20,250
18.283
154
1.808
2.904
5,780
2,112
2.871
2.397
175
127
28.298
83
29.702
2.2 Management and admlnlstrntlon
Stationery and advertisin9
Accountancy
Independent examinat￿n lee
Legal eharges
LIGeTh￿S
Filing fees
0*p￿Ciall0n
Bank Charges
17
570
570
50
269
13
1.192
125
570
570
1,503
187
13
1.053
3.898
Total •xp?ndlture
32,194
32,508
2.3 staff costs and numb•rn
Wages and salaries
SorAal Security costs
staff pensk
19,842
18,018
408
20.250
265
18,283
This excludes the management committee who recelve no rernunerat￿n
2024
2023
no.
The average numtér of persons wnployed durtng ￿ year was..
no.
Administration
Taxatlon
The ch8ritable company is exempt from tsx on fts charitable incomè.
10

Penrhyn New Hall Limlted
Notes to thè a¢counts
For the year ended 31 March 2024
Tanglble flx•d assgts
Freehold land Ftxturey
and buildings and fittings
Total
Cost
Al 1 April 2023
Additions
At 31 March 2024
17.500
14.943
32,443
17,500
14 943
32,443
Depr¢¢latlon
Al 1 April 2022
Charge for the year
Al 31 March 2023
5,073
267
9,704
14.777
1,053
10.49)
Net book value
Al 31 March 2023
12,100
4,453
16,613
Al 31 March 2022
12.427
17,e66
Freehold land included abjve Is not depr8ciated
2024
2023
Investm•nt•
Ll$tod Stocks •nd shar•s
Fair value al the beginnlng of the pei*)d
Additions lo investments during Ihe penod
Disposals at carrying valuè
Unrealised gain I loss on revaluation
Market value of investments at 31 March
342,234
70,608
-55,131
-10,909
346,802
368.827
31,601
-20,200
-37,994
342,234
D•btov•
Debtors
Prepayments
1,250
1,450
2,700
400
1,420
1,820
Gredltorn: amounts fallina duo wlthln ong year
Sundry credllors and acwed expenses
5.610
5.132
Creditor5: amounts falling du9 aftor on• year
UnseCu￿d interest free loans from ￿dmdua
150
150
11

Penrhyn New Hall Limited
Notes to the accounts
For the year ended 31 March 2024
2024
2023
Movement in funds
Tot31 funds at 1 April 2022
Deficivsurplus lor the year
Total funds al 31 March 2023
387,922
-9,365
378,557
425.263
-37,331
387,922
I the net assets are dassilio¢1 as unrestricted.
12