**Charity registered number 505723** **Gwelfor Community Concern Urban Aid** ## **Accounts** **for the year ended 31 March 2024** ## **Gwelfor Community Concern Urban Aid** ## **Contents** ||**Page**| |---|---| |Report of the trustees|**1 - 2**| |Independent examiner's report|**3**| |Receipts and payments account|**4**| |Statement of assets and liabilities|**5**| |Notes|**6**| ## **Gwelfor Community Concern Urban Aid** ## **Report of the trustees** The trustees present their report and the financial statements of the charity for the year ended 31 March 2024 and confirm they comply with the requirements of the Charities Act 2011 and the charity's constitution. The charity is registered with the Charity Commission under number 505723. ## **Legal and administrative information** The trustees who served during the period are stated below: Veronica Huband (Chairperson) Allan William Huband (Treasurer) Norah Dunne Denise Roberts ## **Principal office** Gwelfor Community Centre Ffordd Tudur Holyhead Anglesey LL65 2DH ## **Structure, governance and management** The charity was established by a constitution adopted on 29 October 1976 and amended on 23 January 2002 and 26 November 2009. The constitution establishes a general committee comprised of one elected representative from each locally active organistation and a minimum of eight elected representatives from local inhabitants and a minimum of five co-opted members and who have no voting rights. The general committee elects a management committee whose members serve for a period of two years are responsible for the management of the charity. ## **Objectives and activities** The objectives of the charity are to promote the welfare of all the inhabitants of the Morawelon and London Road areas of Holyhead, without discrimination on the basis of sex, political, religious or other opinions. The charity aims to achieve its objectives by drawing toghether the local authorities, voluntary organisations and inhabitants in a common effort to advance education and provide facilities that promote social welfare, recreation and leisure time. ## **Achievements and performance** Hire income continues to rise and has now reached pre-pandemic levels, including grants received from Anglesey County Council towards the running costs of the centre. A further grant of £7,550 was received from Medrwn Mon Warm Space initiative and has been spent supporting those who may be lonely or isolated by enabling them to meet new people, learn new skills and take part in the many activities offered. The grant also helped to offset the centre's Page 1 running costs. Donations were also greatly appreciated from Newry Community Centre £23,000, Age Cymru £500, North Wales Police £50, Mrs M Bagnell £150 and Colin Guertjens £100. ## **Financial review** Cash funds at the year end increased to £73,973 (2023: £51,682) following increased hire receipts and donations. The trustees consider the unrestricted reserves to be adequate for the purpose of meeting the centre's running costs over the coming year. This report was approved by the trustees on and signed on their behalf by Veronica Huband **Chairperson** Page 2 ## **Gwelfor Community Concern Urban Aid Receipts and payments account Year ended 31 March 2024** |**Receipts**
Hire of gwelfor centre
Contributions towards costs
Donations and grants
Asset sales
Total receipts
**Payments**
Wages
Training
Water rates
Waste collection
Insurance
Light and heat
Cleaning
Repairs and renewals
Travelling expenses
Telephone and internet
Website
Printing, postage and stationery
Legal and professional fees
Accountancy
Licences and subscriptions
Entertainment and classes
Donations
Asset purchases
Total payments
Net receipts/(payments)
Transfers between funds
Cash funds as at 1 April 2023
Cash funds as at 31 March 2024|**Unrestricted**
**funds**
**£**
20,666
-
26,350
47,016
-
47,016
2,699
-
899
899
1,699
5,126
1,057
7,947
-
680
158
205
863
648
252
477
2,050
25,659
-
25,659
21,357
-
50,591
71,948|**Restricted**
**funds**
**£**
-
-
7,550
7,550
-
7,550
-
-
-
716
-
1,522
312
-
-
-
-
-
-
-
159
3,907
-
6,616
6,616
934
-
1,091
2,025|**2024**
**Total**
**funds**
**£**
20,666
-
33,900
54,566
-
54,566
2,699
-
899
1,615
1,699
6,648
1,369
7,947
-
680
158
205
863
648
411
4,384
2,050
32,275
-
32,275
22,291
-
51,682
73,973|**2023**
**Total**
**funds**
**£**
14,105
1,803
12,242
28,149
-
28,149
1,701
960
681
368
1,651
6,992
335
12,468
2,245
809
310
454
745
612
613
6,538
1,700
39,182
10,957
50,138
(21,989)
-
73,671
51,682| |---|---|---|---|---| Page 4 ## **Gwelfor Community Concern Urban Aid Statement of assets and liabilities as at 31 March 2024** |£
**Cash funds**
Barclays Bank
71,905
Cash
43
71,948
**Assets retained for the charity's own use**
Equipment (at cost)
36,431
36,431
Unrestricted
funds|£
2,025
-
2,025
14,105
14,105
Restricted
funds|**2024**
Total
funds
£
73,930
43
73,973
50,535
50,535|**2023**
Total
funds
£
51,598
84
51,682
50,535
50,535| |---|---|---|---| Approved by the trustees on and signed on their behalf by Veronica Huband **Chairperson** Page 5 ## **Gwelfor Community Concern Urban Aid Notes to the accounts Year ended 31 March 2024** ## 1 **Accounting policies** The accounts are prepared under the historical cost convention. ## **Receipts** Voluntary income is received by way of donations and gifts and is recognised in full when it is received. The value of services provided by volunteers is not recognised in the accounts. ## **Restricted and unrestricted funds** Restricted funds are to be used for specific purposes laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received by the charity without a specified purpose. ## 2 **Analysis of restricted funds** |Fund
Medrwn Mon (Warm Spaces)
Medrwn Mon (Warm Spaces)|Donation
Expenditure
received
£
£
£
£
£
1,091
-
1,091
-
-
-
7,550
5,525
-
2,025
1,091
7,550
6,616
-
2,025
Brought
forward
Transfers
between
funds
Carried
forward| |---|---| 6