REGISTERED CHARITY NUMBER., 511731 Report of the Trustees and Unaudited Financlal Statements for thg Yoar Endgd 31 Mar¢h 2024 ft+r Rh Community Asso¢iatl¢n Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road Sl Asaph Denbighshire LL17 ORN
Rhyl Community As$ocSation Contents of the Financial Statements for the yèar ended 31 March 2024 Page Report of the Trust¢es Indop•ndent Examinerfs Report Stat8m8nt of Financial Activitias Balance Sheet Not•s to the Financial Ststements D•talled Ststomont of Financial Activitios 10
Rh Community Asso¢iation Report of the TNstees for the year ended 31 March 2024 The trustees psent their report with e financial ststements of the charity lor thg year ended 31 March 2024. The trustees have adopted the provisions of Aceounling Reporting by Charities: Statement of Recommended Practice applicable to chadtles preparing their accounts in 8CCOTdance the Financial Reporting Stsndard appllcable In the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The charity aims lo prc•mote the benefit ol the inhabitants of Rhyl and the surrounding neighbourhood by associating the local authority. voluntary organisations and inh8bitsnts in a common effort to advance education and lo provide facilities, in Ihe interest of social wèlfare, for recreation and leisure lime occupation, wf(h the object of improving the conditions of life for the said inhabitsnts. FINANCIAL REVIEW Reserves policy It is the general policy of the Charity to mlntain 8 lével of raserves that is necessary lo enable the Charity to be managed efficiently and to provld8 a buffer, allowng for Insuranc& covor. The Irustees consider the most appropriate level of reserves would bè £10,000. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is 9)nlrolted by its governing document. a deed of trust and constitutes an unincor?orate(I chority. REFERENCE AND ADMINISTRATIVE DETAILS Regl$ler•d Charlty nurnber 511731 Prlnclpal addres8 Comrnunty Centre 20 Ffordd Las Rhys Denbtghshire LL18 2EB Trustees Mrs M O'sullivan Mr W H Whittaker Ms H Jones Ind•pendont Examlnar Salisbury & Company C*8rtered A¢wuntsnLs Irish Square Upper Denbigh Road Sl Asaph Dentrjigtshire LL17 ORN 16 Approved by order of tha board of trustèès on ................ ........ ..... ... and signed on ils behalf by.. Trustee Page 1
Indpendent Examinerf$ Rèport to the Trustees of Rhyl Community Association Independent examinerfs report to the trustees of Rhyl Community Association I report to tre Charity tnjstees on niy examination of the accounts of Rhsd Comrnunity Association (the TTUStI for the year ended 31 March 2024. Responsibilitiès and basis of report As the charity trusLees of the Trust you a respcnsible for the preparation of the ac¢ouils in accordance viith the qUIre.ents ot th8 Charities Act 2011 I'lhe ACYI. I report in respect of my examination of thè TNSI'S accounts carried oul unoer Section 145 of the Acl and in carryring ¢ul ryt.y examination I have foll)wed all applicable Directions gNen by the Charity Cornmi&%ion under Section 14515llbl of .e Act. Independent examinees statement I have &)mpleled my examination. I confirm that no material matteT5 have come to my attention in connection with the examinatn giving Me cause to believe that in any material respect". accounting records were ntst kept in respect of the Trust as required by Section 130 of the Act.. or the accounts do not accord. wittt those records.. or the 8cc(yJnts do not comply wth the applicable requirements concerning the fom and ntsn1 ol accounts sel ul in the Charities (Accounts and Reports) Regulations 2008 oth&r than any requirement that the accounts glvè 8 true and fair view which is nDI a matter eonsidered as part of an independent examinalion. I have no con¢ems and have come across no other matters in conneciion wlh the examination to which attention should be drawn in this report in order to enablè a proper understanding of the 8CCDunts to be reached. Jason Malischok Salisbury & Company Charterèd Accounlanls Irish Square Uppor Denbigh Road St Asaph ?enbighsMire LL17 DRN Da.. Page 2
Rh Community As50clatlon Statement of Financial AdNities for the year ended 31 March 2024 2024 Unrestri¢t@d funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Charitablè activities Chadtable activities 123.319 156,119 Investment income Other income 10,001 Totsl 123,321 166.120 EXPENDITURE ON Charitable adivities Charitable acts'wtses 164,210 161,397 Othef 119 Total 164,210 161.516 NET INCOMEIIEXPENDITUREI 140.8891 4,604 RECONCILIATION OF FUNDS Total funds brought forward 444.127 439,523 TOTAL FUNDS CARRIED FORWARD 403.238 444,127 The notes form part of these financial statemell15 Page 3
Rh Community Association Balance Sheet 31 March 2024 2024 Unrestricle funds 2023 Totsl fund5 Notes FIXED ASSETS Tangible assets 413,968 422,418 CURRENT ASSETS Debtors Cash al ?ank 40.023 9.487 40.086 29.312 49.510 69.398 CREDITORS Amoun15 falling due within one year 160.2401 147.6871 NET CURRENT ASSETS 110.7301 21,711 TOTAL ASss LESS CURRENT LIABIUTIES 403.238 444,127 NET ASSETS 403,23e 444,127 FUNDS Unrestrirled fiJnds 11 403,238 444,127 TOTAL FUNDS 403,238 444,127 The ftan al statèmènts wèr6 approved by th• Board of Trustees and authorÈsod for issua on . and were syned on its behalf by: Trustee The notes form part of these financial ststements Page4
Rhyi Community Associatlon Notes to the Financial Statements for the year ended 31 Maroh 2024 ACCOUNTING POUCIES Basis of proparing th8 financial statomonts The financial stslemenls of the charty, which is a public benefrt entity under FRS 102, have been prepared Sn accordance with the Charitses SORP IFRS '.021 'A¢¢ounting and Reporting by Charities,. Statement of Recommended Practice applicable to charities pparing their accounts tn a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Iretand IFRS 1021 (effective 1 January 20191,, Flnancial Reporting Standard 102 'The Financial RepoTting Stsnd?rd applicable in the UK ané Republic of Ireland, and the Charities Act 2011. The financial ststèments have been prepared under the historical cost Convention. as modified by the revaluation of certain assets. Incom¢ All income is recognised in the Ststsmonl of Flnanci85 Activities onc8 the charity has entlllement io the funds, It is probable Inal the income will b& received and the amount can be me&5ured reliably. Expendlture Liabilities aTe recognised as expenditure as soon as there Ss a legal or constructive obligation committing the charity to that expenditure. it is probab5e Ihal a tmnsfer of economic bengfits wll be required in settlement and the amount of the obligation ¢8n bè measured reliably. Expenéiture is 8ccounted for on an aecruals b8SIS end has been dassified under headings th81 aggregate all cost related to the ¢#legory. Where costs cannot be Ireclly altsibuted to partioJlar headings they have beèn all¢ted to acliwlies on a basis ¢onsislent with the use of resources. Volunteer help The value of any voluntary help received is not included within expenditure. Where applicable, a description is included in the trustees. annual r¥port. Tangible fixgd assots Depreciation is Provided al the foilowng annual rates In ordor to write off aach ass&t ovèr its esbm8t8d useful Freohdd property al Variab rates on dUCing balance TaxatSon The charity is exompl from tax on ils charitsble activities. Fund accauntlng Unrestricted funds can be used In accordance with the tharitsble objective8 at the discretion of the trustees. Restricted funds Can only b• usgd for particular $trIcted purposés wthin the objects of the charity. Restrictions arise when specified by the donor or when fijnds are raisod for parllcular resfficted purpo$es. Further expkinallon of the natUTe and purpose of each fund Is included in the notes to the flnancial statements. PEnsion costs and other po$t4etlrement benefits The charity operates a defined contribuliDn pension scheme. Contributions payable lo the charfty's pension schem8 ar8 charged lo the St21emenl of Financi81 Acliwlies irs tho period lo which they lat. Frvhold property revaluation The charity have adopted the revaluation model in respect of its freehold property. Freehold property will be revalued lo its fair value annually. revaluation 9ains and losses are r8cognised in a revaluatj'on reserve. The policy applies to all assots in Ihis cal&gory. Page 5 continued...
Rhyl Communlty Association Notes to the Financial Ststemtnts- continued for the ar ended 31 March 2024 INVESTMENT INCOME 2024 2023 Deposit account interest INCOME FROM CHARITABLE ACTIVJTIES 2024 2023 Aotivity Charitable activiiies Rents Received 123.319 156.119 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expènses paid for the year ended 31 March 2024 Aor lor th& year ended 31 M8r¢l 2023. STAFF COSTS The average monthly numbèr of employees during the year was as follows: 2024 2023 .4verage no. of employees o employees etIVe emoluments In exce88 of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unrestricted funds INCOME AND ENDOWMENTS FROM Charltable aclivilies Charitable activities 156,119 ottter Income 10,001 Totsl 166.120 EXPENDITURE ON Charitable activities Charitable aGlivitigs ',61,397 Other 119 Total 161.516 NET INCOME 4.604 RECONCILIATION OF FUNDS Total funds brought forward 439.523 TOTAL FUNDS CARRIED FORWARD 444,127 Page 6 continued...
Rhyl Community Assoeiatlon Notrs to the Financial Statements - eontinued for the year ended 31 March 2024 TANGIBLE FIXED ASSETS FehOld propety COST OR VALUATION AL 1 April 2023 and 31 March 2024 437,891 DEPRECIATION At 1 April 2023 Charge for yaar 15,275 8.448 Al 31 March 2024 23,723 NET BOOK VALUE At 31 March 2024 413,968 At 31 March 2023 422,416 Cost or valuation 8131 March 2024 is fftpresented by: Freehold property Valuation in 2022 437,691 The Fforddlas frjmrnunlty Centre Snduded thIn Freehold Property was rev91ued in Februgry 2020 10 ils fair value of £20Q,000. DEBTORS: AMOUNTS FALLING DUE WtTHIN ONE YEAR 2024 2023 Trade debto Other doblors 6,523 33,500 6,586 33,500 40.023 40.086 Other deblorg include an amount of £33.500 dug on Completion of tho 891è of W811ingion Road. CREDITORS: AMOUNT8 FALUNG DUE VIITHIN ONe YEAR 2024 2023 Bar)k loans and overdrafts (see noto 101 Trade creditors Taxation 8nrJ soci81 security othor creditors 31,818 990 5.338 22,094 46,788 899 60,240 47,687 10. LOANS An analysis of the maturity of loans is given below. 2024 2023 Amounts falling due within one year on demand.. Bank oveTdrafts Bank loans 8.231 23,587 20.604 26,184 31.818 46,788 Page 7 conttnued...
Rh Community Association Notes to the Financial Statements- continued for the &r ended 31 March 2024 11. MOVEMENT IN FUNDS Net movement in fJnds Al 3113124 Al 114123 Unrestri¢ted funds forddlas Community Centre Tynewydd Community Cenlre INdlington Community Centre 200,169 1,293 242,665 (19,7241 4.881 {26,0461 180,445 6,174 216,619 444,127 (40.8891 403.238 TOTAL FUNDS 444,127 140.8891 403,238 Nel movement in funds, in¢lvdgd in the above are as follows.. Incorning restsur$ Resources èxpendo(1 Movement in funds Unrestri¢ted funds forddlas Community Centre Tynewydd Community Centre IVtrllsn9ion Community Centre 97,680 8,285 17.356 1117.404} 12.4041 143,4021 119,724) 4.S81 126,0461 123,321 1164,210) 140,8891 TOTAL FUNDS 123,321 1164,2101 140,8891 Ccffipar4tives for movement in funds Not movement in funds Al 3113123 At 114122 Unrestrict•d fund8 Fforddlas Community Centre Tynewydd Community Centre 811ington Community Centre 200,169 1.293 238.061 116,5381 2,077 19,085 183,631 3,370 257.126 439,523 4,604 444,127 TOTAL FUNDS 439,523 4,6D4 444.127 Comparadve net movement in funds, included in thè above are as follows: Incoming sources Resources eXneed Movement in fun¢s Unrestricted lunds Fforddlas Community Centre rynewydd Community Centre Wellin9tJn Community Centre 75,S04 20,442 69,774 192,4421 118,3651 ISO.7091 116,5381 2,077 19,065 166.120 1161.5161 4.604 TOTAL FUNDS 166,120 1161,516} 4,604 Page 8 continued...
Rhyl CommunityAssociat50n Notes to the Financial Strtement$- contlnued for the year endèd 31 March 2024 11. MOVEMENT IN FUNDS- eontlnued A wrrent year 12 rnonlhs and prior year 12 months ¢ombined posity'on is as follows.. Nel Tnovement in funds Al 3113124 At 114122 Unrestrlcted funds Fforddlas Community Centre Tynewydd Communty Centre Wellington Community Centre 200.169 1,293 238,061 130,2821 6,958 18,9811 163,907 8,251 231,030 439,523 (36,285) 403.238 TOTAL FUNDS 439,523 136,2851 403,238 A current year 12 rnonths and prtor year 12 months Combineé net m¢)vement in funds, included in the above are as follows: Incomlng resources Resources expended Movement in fiJnds Unr•stricted funds Fforddlas Commun¢ty Cent Tynewydd Community Centre W&llin9ton Community Cantrg 173.584 28,727 87,130 1209,8461 121,769) 194,1111 136,262} 6,958 16.9811 289,441 132S,726J 136,2851 TOTAL FUNDS 289,441 1325,7261 136,285) 12. RELATEO PARTY DISCLOSURES During the yèar the association re1Ved loans totalling £18.500 from an employee and the Ireèsur•r. Amounts are rèpayable on Llemand and interest fw. Following the sale ofthe propfjty the 108ns will be repaid. Page 9
Rh Communlty Association Detsiled Statement of Financial Activities for the year ended 31 Mar¢h 2024 2024 2023 INCOME AND ENDOWMENTS Investment incomp Dep0511 account inreSt Charitsble activities Rents RJceived 123,319 1S6.119 Other Incomè Recharges 10.001 Total incoming resour¢•s 123,321 166.120 EXPENDITURE Charitable activitles Wages Social security Pensions Rates and water Insuranea Light and he81 Telephone Posrage and stationery Repairs and mainienanee Travel 81,870 324 3.600 3,961 7.474 34.660 2.140 254 9.966 8,500 83.739 3,971 8.791 25.S67 2,003 142 14,763 152.749 138,976 Support C0515 Management Freehold property Bank loan intsresl 8.448 615 8.621 739 9,063 9.360 Finance Bank charges 118 119 Governancè costs Consultancy lees Accountsncy and legal fees 1.200 1,080 12.161 900 2,280 13,061 Totsl r8sour¢•$ oxpended 164.210 161,516 Net lexpendlture)fincomtr 140.8891 4,804 This page does not fomi part of the ststytory finanrial statements P8ge 10