REGISTERED CHARrrY NUMBER: 512032
REPORT OF THE TRUSTEES AND
UNAUDrrED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
NARBERTH & DISTRICT COMMUNrrY & SPORTS
ASSOCIATION
Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whltland
Cannarthenshire
SA34 OAW

NARBERTH & DISTrICT COMMUNrrY & SPORTS
ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Independent Exarniner's Report
Statement of Flnan¢ial Activltles
Balance Sheet
io
Notes to the Financlal Statements
li to 19
Detailed Statement of Financlal Activities
20 to 21

NARBERTH & DISTRICT COM MUNrrY & SPORTS
ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the flnandal statements of the charity for the year ended
31 March 2024. The tNstees have adopted the provlsions of AccountSng and Reporting by Charities:
Statement of Recommended Practlce applicable to charlties preparSng thelr accounts in accordance with
the Financlal Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) (effectlve I
January 2019).
OBJECTIVES AND ACTIVITIES
Objectlves and aims
The Narberth and Dlstdtt Community and Sports Assoclatlon, through its management committees, In
accordance wlth the alms and objectives outlined in its Constltution, have contlnued to ensure that a wlde
varlety of courses and attlvltles have taken place at the Centre during the past year. The programme
planning whlch takes place from Aprll onwards, Is developed using feedback from prevlous year's
students, the Bloomfield questionnalre responses, and dlrett requests, so that we are able to ensure that
the users of thls centre a￿ offered a varied and up to date programme of education, recreation and
leisure actFvltles.

NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
In April 2023, the SLA with Pembrokeshlre County Councll for Learning Pembrokeshlre provision at
Bloomfield for 2023124 was agreed. For the first time in 10 years, the sum to be pald for room rental
and ftlr the staff Snvolvement in programme planning was Increased to reflect rlslng costs. Also now
Included is an additlonal room for the Welsh Language staff who moved to Bloomfield from Preseli
Communlty Learnlng Centre at Crymych on l April 2023, taklng over Classroom 6 for the Dysgu Cymraeg
staff.
The classes that we were able to offer at thls time were limlted, but we hosted the flrst Sadwrn Siarad for
two years at the end of March 2022 and the Welsh exams were held over two weeks In June 2023.
EsfYN carried out an inspectlon of the Welsh for Adults service durlng week commencing 27 November
2023. On Saturday 9 December, a Sadwrn Siarad wlth Christmas themed workshops took pla￿. Thls
event was well supported, and there are plans to repeat this annually.
Dysgu Cymraeg Cymru offered nlne courses at varlous levels (four of these were online).
rr classes avallable at Bloomfield in S rln
Summer 2023
Course Descrlptlon
Dlgltal skills - First steps
Dlgltal skllls - First steps
Microsoft Offlce skllls
Using your tablet - Introduction
Using your tablet creatlvely
Start Date
2510412023
1411112023
0711112023
2510412023
1510512023
End Date
0410712023
1910312024
2510612024
04107/2023
1010712023
Day
Tuesday
Tuesday
Tuesday
Tuesday
Monday
Tlme
10.'00- 12:00
10..00- 12:00
13.'00- 15:00
13.'00- 15:00
18:30- 20:30
Other Learnln Pembrokeshire classes offe￿d at Bloomfleld durin 2023
Yoga (during summer), Yoga for the over 50s, Pilates, Yoga for Beginners, Photography A focus on
beginners, Photography - Developing further skills, Photoshop Elements
and Year 2 and Art for All.
introductlon, Spanish Year I
Andrew Crossley once again offered Geology courses throughout term time whlch were well supported,
and the Narberth U3A offered several courses and activities for their members. Bloomln. Stitchers,
Landsker Qullters, two other patchwork & quilting groups and the local branch of the Weavers, Spinners
& Dyers Guild, all contlnued to meet regularly at the Centre.
The fltness sulte usage increased steadily this year, and by February 2024 there were frfty-two current
monthly membershlps
the highest NDCSA have recorded! There are also three-monthly, six-monthly
and annual members. A two for £50 monthly offer proved popular for couples, famlly members and
training partners. En February 2024 NDCSA staff were approached by a doctor from the Health Centre in
Narberth, who wanted to reglster with the Attlve Prattl￿ Charter. It was agreed that thls would be a
good oppothnlty for NDCSA as well as local people.
There are hlgher numbers attendlng the Monday over 50's exercise class, Marle's HIrr sessions and the
early morning welght tralning classes wlth Megan Hicks, (whlch started here in October, but will move
outdoors for the summer months). Zumba and Dlsco Flt are both provlng popular. Some of our prevlous
tutors have retumed after several years, although we have not yet replaced all of the groups that were
lost in the perlod Immediately followlng the COVID pandemlc.
New Squash Court heaters were installed in October 2023, pald for jointly by NDCSA and Narberth
Squash Club. The upgrades have been popular wlth court users.

NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Community Mental Health Team moved to Bloomfleld In 2014 when they lost their offlce at
Sunnybank. This was initlally for a period of 3 years and Classroom I was converted intrj a small office
suite to rneet their needs. Due to funding issues within the Hywel Dda Health Board they decided to
relocate the team to Pembroke. The staff resisted this move and we were involved in discussions about
reducing their rental charges in the hope of keeping this office open. However, Hywel Dda Health Board's
Mental Health Services informed us of the decision to end their occupation of the Bloomfield Centre, and
terminated the arrangement on 31st March 2024. This allowed the Welsh Language team who had
already moved to Bloomfield in April 2023, to move into the larger office suite vacated by cmP￿ in April
2024. There has been an increase in the rent they pay for this larger area.
Classroom 6 is used for one to one meetings but a new hirer would be welcome.
Bloomfield Childcare Settin s
It has been a year of mixed perrornan￿ in the Childcare at Bloomfield.
Bloomfield Nursery had a busy year Sin￿ the increase from 17 to 19 pla￿ in the CIW re-registration
that was carried out in April 2023 and continues to do well with children signing up for pla￿S later in the
year. Occupancy wlll be 970/0 in the Baby Room by April 2024, and 880/0 in the Main Room. Occupancy is
lower in the main room as spa￿5 are needed for children to move down in September. We cannot fill the
spaces as no children wlll leave. The figures wlll be 94% in Babies and 930/0 in Maln Room by November
2024. In March 2025, occupancy levels are predicted to be 900/0 in both rooms. We have approximately
20 children on the walting list, all waltlng for spaces to start as soon as posslble.
The Nursery had an ECERS audit completed by the Early Years Team. We scored an average of 5.7 out of
7, whlch Is 0.2 higher than last tlme. We have ImprDved Sin￿ the previous audit In August 2022. The
funding that we have received recently will increase the score slightly, but the staff are very happy with
this result.
The Development Worker made a joint appllcation with Bloomfield Nursery staff to South Hook LNG
Communlty Fund and Milford Haven Port Authorlty Community Fund for £5,000 for a new kitchen in the
nursery.
The all-weather surface in the enclosed garden wlll be completed in Autumn 2024. This was after a long
delay due to contractor availability.
The Bloomfleld After School Club lost a large number of children In July 2023 when the Year 6 children
moved on to secondary schools. Due to the Narberth CP School now operating an ASC themselves, we
have not had as many families viewing the facilities as we would normally expect. There has been some
interest for spaces, but not as many as we previously lost. The children have designed posters and we
have done some targeted promotional work. However, the provision at the school is less costly for
families, in part because as it is unregistered. It runs for a shorter time each day, but this proves long
enough for many parents to select the less expensive option for their childcare needs. There is also no
travel requI￿rnent, which reduces the cost of running the club to the School.
The Bloomfield After School Club started here in 1994 following a Chwarae Teg survey into the barriers to
work and education faced by local people, and childcare beyond the school day was highlighted as the
way forward. NDCSA sought grants from West Wale5 TEC to get this important provision up and running,
and in the next few years managed to provide holiday time childcare as well. Therefore, the Association
has supported families for over 30 years and has employed and trained staff to work in the setting. Other
childcare settings developed in the locality in the years that followed, including the Bloomfield Day
Nursery in 2006, so local people had access to a mix of private and community settings for their children
from small babies through to year 6 pupils. The schools at Templeton and Tavernspite have offered after
school clubs for their own pupils for some years, and parents have been able to choose the childcare that
suits them best. We currently do collect children from Templeton school for the Bloomfield After School
Club. To operate as a registered setting it Is necessary to observe the CIW required staff to child rdtio at
all times, and thls is a challenge when overall numbers are reduced but we still need the flexibility to
offer school pick-ups. The reduced number of children attendlng the Bloomfield After School and Hollday
Club has had a negatlve flnancial effect as seen in the accounts.

MARBERTH & DISTRICT COMMUNrrY & SPORTS
ASSOCIATION
REPORT OF THE TRUSTEES
FOR TfrIE YEAR ENDED 31 MARCH 2024
Decisions need to be made about the future of the After School and Holiday Club at Bloomfield golng
forward. If the Bloomfield After School and Hollday Club was not avallable the maln Issue would be the
Holiday Club provision as the schools do not offer thls. It helps those parents whose employment is not
based around school hours and although we have had to reduce the days offered slnce COVID, because of
stsff shortages, we have always been able to offer hollday time childcare. The other dlfflculty wlll be for
familles who wish to use tax free childcare or Childcare Offer funding as they can only use thls In
reglstered settings.
Cylch Meithrln Arberth has hlred the Playschool Room at Bloomfield from its earliest days as a Community
Centre (the early 1980s). It is run by a committee who have this year made the big change from a
Reglstered Chadty to a CIO, somethlng that NDCSA plans to do going forward. The Cylch are a member
of Mudlad Meithrin, and employ their own staff, NDCSA plays its part by drlvlng the Cylch 3 year olds to
school at lunchtlme to help provlde wrap around care. In March 2024 we ￿ceiVed a request from the
Cylch MeithrSn Arberth to re-evaluate the rental charge we make, as they are struggllng to make ends
meet post COVID, wlth less children attending the settlng and the fact that they cannot charge parents a
hlgher rate for funded childcare spaces. They indlcated that they may need to consider a move to a
different venue, possibly to the school, to save money. After dlscussion at the General Committee
meeting on 18 March 2024 It was agreed to offer the Cylch a rent freeze for 12 months while they try to
sort out thelr financial sltuatlon, but also to polnt out all the extras that they recelve In terms of storage,
garden space and hall use for functlons that they would be unlikely to source elsewhere. Shortly after the
meeting we were Infomied that the donation that we We￿ to be glven by a local group who were
disbandlng after having a long Involvement wlth the Centre, was to be doubled so a decision was made to
actually offer a small discount of £2 per day to try to asslst the Cylch in thelr efforts to be more
financially stable. Over the following few months, the number of diildren attendlng Cylch has increased
slightly and staff ag￿ed to accept more flexible hours, which has Improved their situatlon and hopefully
stablllsed their posltlon at the Centre.
As reported last year, discusslons were contlnulng with Pembrokeshlre County Councll around the future
of the Lee Davies Day Care Provision at Bloomfleld.
In November 2023, NDCSA representatives met
wlth PCC Social Care Managers, Charlotte Barber and Gareth Tucker, regarding attendance at the Lee
Davles Centre of the Tenby Day Care Centre clients includlng ALN clients who had been relocated here
due to maintenance Issues at Tenby. The association hoped that this would become a permanent move
and then hopefullyi improvement projects in the Lee Davies Centre could be fast tracked. It was agreed
that our Development Worker would work closely with them on these improvements. The mix of elderly
and ALN clients worked well wlthln the Day Care Centre with Soclal Services staff from Tenby joining the
team at the Lee Davies Centre.
In March 2024, at a further meeting wlth Charlotte Barber & Ga￿th Tucker, the Association was Infonned
that PeMbrOkeshi￿ County Councll planned to wlthdraw from the Lee Davies Centre over the next few
months. Thls was as a result of the full councll meeting decislon regarding efficlency measureslcouncil
tax increases. Staff were told that formal notlflcatlon to NDCSA vla PCC legal team would follow.
matter was reported to the trustees of NDCSA at thelr meeting on 18 March 2024 whlch County Cllr
Tiemey was invited to attend, and it was agreed to try to get this decislon reversed. Local eletted
members and Cabinet members were contatted to appeal thls shocking declslon
a blow for all the
clients, thelr families and the Day Care stsff, as well as the Assoclation who recelve a rental sum from the
local authorlty for the rooms.
There followed several months of meetings and appeals to the local
authority and elected members, and staff were informed that budget cuts had made thls unavoldable.
The assoclation then dlscovered that PCC We￿ looking for sodal enterprises to take over the runnlng of
Lee Davles Centre and Bro Preseli in Crymych, and for the other Centres in the county to close except for
Meadow Park in Haverfordwest. At a meetlng with the Head of Service offlcers, NDCSA representstlves
were told that PCC would contlnue to pay the rent for the Lee Davles Centre until the end of March 2025,
but the expectation was that an 'altemative operating structure, be estsblished to allow proiiision to
continue. Very1Sttle information was provided for cllents or staff at this tSme. A full cabinet meeting on 18
July 2024 decided that the matter be revlewed again In the autumn but in September it was conflrmed
that the closures would go ahead. The decision facing the NDCSA trustees In Autumn 2024 Is how to
proceed. Whilst this decSslon is being made, the current posltlon is that the Development Worker is to
apply to Valero for funding and volunteers to assist with the renovation of the Lee Davies Day Care
Cent￿. We are awaiting contractor quotes for the palntlng and decoratlng costs.

NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Narberth Library whlch had moved to Bloomfield as a temporary measure In March 2023, moved
back to the old library bullding in October 2023 wlth the aim of movlng to the new Ilbrary building as
soon as possible.
The West Wales Walking for Well Belng group continues to grow, with up to 40 walkers and volunteer
leaders taking part in the weekly Wednesday walks. New booking systems have been trialled, since
funding ceased for the the online system that WWWWB used when the group began. Both a What's App
group and an online system on NDCSA'S Bloomfield website are proving user friendly. On the looth walk,
the group were joined by representatives of PAcfo, who were assessing the benefits that people gain
from using Community Transport across the county. The group were fortunate to have two buses
available for the walk, very helpful for the larger number of bookings. As part of the PAcfo Mobility
project the group now have use of a second bus which is proving very popular with Dial a Bus
passenger5, including the Walking Group. It also allows NDCSA to provide a bus for community group
use seven days a week, rdther than just for evening and weekend use. The projett funded the purchase
of a second hand bus and covered the cost of insuring it for the first 12 month5.
NDCSA'S Development Worker liaised with PCC regarding the Youth & Lifelong Learning Section 106
Funds available. A proposed youth club is now not feasible (lack of youth worf(ers) A new project, whlch
includes some capital items for Bloomfield and a series of youth workshops, is being proposed by PCC to
elected members. We are awaiting the outcome of this proposal.
NDCSA Development Worker was also Involved in a number of different projects during the year Includlng
continulng the Community Asset Transfer on the rear flelds. This includes ongolng contact wlth PCC and
possible funders, Pembrokeshire Sustalnable Communltles Fund (EOI) and the Cymru Wales Football
Foundation. NDCSA are ￿gIStering wlth the probation servlce to re￿1ve volunteers for outdoor work In
the grounds and a Sport Wales funding bid towards new squash court heaters.
An applicatlon was made to he second stsge of the Sport Wales Energy Grant. The grant of up to £25,000
covers 800/0 of project msts (LED Ilghtlng, solar panels and a new boiler) and Includes an Independent
energy audit. This appllcation was successfvl and an amount fo £19,622 was confirmed for NDCSA
towards LED lighting upgrade, Seminar Room new boller and a further solar PV array. The association will
have to commit 20Wo (£4.5k) Green Warmth, NSE and E￿￿ are the proposed contrattors.
The
Development Worker submitted an appllcatlon to PCNPA Sustainable Development Fund in February 2024
for the additlonal amount (£9k) for the solar panels, squash court LED upgrade and other energy
efficiency measures which were outllned In our Severn Wye energy survey.
It was arranged that Construction would clear the Recreation Hall gutters in Autumn 2023.
Research has been undertaken into heritage doors to replace Bloomfield's front d¢Jors. PCC Conservation
team have stated replacements must be 'like for like.. Automation, double-glazing and Accoya wood
upgrades would be acceptsble. Funding of £9k from Section 106 contributions is confirmed for this
project. Other Section 106 funded improvements undertaken during the year include the repla￿ment of
the After School Club Room flooring which was undertaken in January 2024.
The General Committee have met twi￿ this year, as have the Finan￿ and Executive Committee. There
have been several additional meetings of Offi￿rS to discuss the Day Care Centre situation.
FINANCIAL REVIEW
Investment policy
There are no restrictions on the Association's power to invest. The Association does not benefit from an
endowment fund or hold large cash reserves. Restricted funds are for speclfic purposes, may only be
held for a period of time and are applied to specific projects.
Reserves policy
The reserves policy of the Trustees and Generdl Committee is to malntain unrestricted funds sufficient to
cover future management and administr7tion costs, Unfo￿Seen future expenditure and new projett start
UP Costs. Unrestrlcted funds are the operatlonal free reserves of the association.

NARBERTH & DISTRICT COMMUNrrY & SPORTS
ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLANS
Durlng the forthcoming year, there are three core issues for the trustees to consider..
A declslon wlll need to be taken about the future of the Lee Davles Day Care Centre
Consideration wlll need to be given to the chlldcare provision offered at Bloomfield
Staff and Trustee arrangements due to the retirement of the Centre Manager, Janine Perkins need to be
addressed
Addltonal ongolng issues that will be moved fO￿ard are further funding for energy efficiency measures
will be sought, and staff wlll continue to work to opernte the Centre In the most energy efflclent way.
Future projects as Indlcated above include new automated heritage front doors, upgrades to LED Ilghtlng
In the corridorsi plus an addltlonal 9kw solar PV array and boiler upgrades.
There Is also a proposed new Bloomfield WI-FI system whlch wlll be compatible wlth PCC I.T systems,
which will come onllne in Spring 2024.
There Is £14,600 of Section 106 fijndlng allocated for the provision of a programme of youth workshops
at Bloomfleld during Summer 2024.
A maintenance programme including the engagement of 'Gutter Cleaning Wales Ltd. to se￿1￿ the
Recreation Hall gutters wlll be ongoing commenclng during Summer 2024.
srRucfuRE, GOVERNANCE AND MANAGEMENT
Governlng do¢ument
The charlty Is controlled by its governlng document, a deed of trust and constitutes an unincorporated
charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Charity number
512032
Principal address
Bloomfleld House
Narberth
Pembrokeshlre
SA67 7ES

NARBERTH & DISTRICT COMMUNrrY & SPORTS
ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Lucien Jenkins
Alice Phillips
Steve Haysom
Robert Lewis
Ann Maidment
Matthew Johns
Mike Johns
Raymond Bowen
Charles Clewett
Stephen Drinkwater
cla￿ Davies
Charlie Meredydd
Narberth Quake￿lAdult Ballet
Alice Russell School of Dance
Narberth Squash Club
Narberth RFC
U3A
Na rberth AFC
Narberth Cricket Club
st Andrews Church
Cor Dyfed Choir and Nart)erth & Whitland Rotary Club
Yoga Class
Cylch Meithrin
Narberth Town Councll
Gllnys Meredydd
Carina Newham
Steve Rigby
Francls Requena
Emma Richards
Wllllam Silverstone
Claire Dunbar
Indlvldual
Ind ividual
Individual
Individual
Indlvidual
Indlvidual
Individual
The followlng have acted as Holding trustees of the Land..
Mr D Stone
Mr R Salter
Mr K Thomas
Independent Examiner
Mr Colin John FCA FCCA
Llewelyn Davies
Chartered Accountants
Yelverton House
st John Street
Whitland
Carniarthenshire
SA34 OAW
Bankers
Barclays Bank plc
32 Hlgh Street
Haverfordwest
SA612DA
Approved by order of the board of twstees on 4 November 2024 and signed on its behalf by:
Mrs G Meredydd - Tnjstee

114DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
NARBERTH & DISTRICT COMMVNrrY & SPORTS
ASSOCIATION
Independent examiner's report to the trustees of Narberth & Distrlct Community & Sports
Associatlon
I report to the chartty trustees on my examlnatlon of the accounts of Narberth & Dlstrltt Community &
Sports Association (the Trust) for the year ended 31 March 2024.
Responsibilities and basls of report
As the charlty 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 examlnation of the Trust's accounts carried out under Section 145 of the Act and
In carylng out my examlnatlon I have followed all applicable Directlons glven by the Charlty Commission
under Sectlon 145(5)(b) of the Act.
Independent examlner's statement
sIn￿ your charity's gross income exceeded £250,000 your examiner must be a member of a Ilsted body.
I can conflrm that I am quallfied to undertake the examlnation because I am a member of the Instltute of
Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examlnètion. I conflrm that no material matters have come to my attention in
connettion with the examlnatlon giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Trust as requlred by Section 130 of the Act. or
the accounts do not accord wlth those records; or
the accounts do not comply with the appllcable requirements concerning the form and content of
accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view whlch Is not a matter consldered as part of
an Independent examlnatlon.
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.
Nr Colln John FCA FCCA
Uewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Camiarthenshire
SA34 OAW
4 November 2024

NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
Totsl
funds
2023
Total
funds
Unrestrfcted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donatlons, legacies and grants
6,354
4,800
11,154
20,761
Charitable actlvltles
Nursery
After school club
Minibus
Communlty ￿ntre & sports
158,859
52,897
24,703
194,015
158,859
52,897
24,703
194,015
135,860
57,101
18,479
177,739
Investment income
3,274
3,274
1,173
Total
440,102
4,800
444,902
411,113
EXPENDrnIRE ON
Charitsble activitles
Nursery
After school club
Mlnibus
Community ￿ntre & sports
138,852
68,978
17,870
235,665
4,800
143,652
68,978
17,870
251,459
115,130
58,372
15,070
218,097
15,794
Total
461,365
20,594
481,959
406,669
NET INCOME/(EXPENDrruRE)
Other re¢ognised galns/(lo$ses)
Actuarlal galns on defined beneflt schemes
(21,263)
(15,794)
(37,057)
36,000
36,000
141,000
Net movement in funds
14,737
(15,794)
(1,057)
145,444
RECONCIUATION OF FUNDS
Total funds brought forward
344,975
1,184,027
1,529,002
1,383,558
TOTAL FUNDS CARRIED FORWARD
359,712
1,168,233
1,527,945
1,529,002
The notes fomi part of these flnancial statements

NARBERTH & DISTRICT COMMUNrrY & SPORTS
ASSOCIATION
BALANCE SHEEr
31 MARCH 2024
2024
Total
funds
2023
Totsl
fijnds
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
95,222
1,168,229
1,263,451
1,281,081
CURRENT ASSErs
Debtors
Cash at bank
48,546
110,852
48,546
110,857
47,441
107,278
159,398
159,403
154,719
CREDrroRS
Amounts falling due wlthln one year
(23,286)
(i)
{23,287)
(14,798)
NFf CURRENT ASSETS
136,112
136,116
139,921
TOTAL ASSETS LESS CURRENT
UABILITIES
231,334
1,168,233
1,399,567
1,421,002
CREDrroRS
Amounts falling due after more than one
year
148,000
148,000
108,000
ACCRUALS AND DEFERRED INCOME
io
(19,622)
(19,622)
NET ASSETS
359,712
1,168,233
1,527,945
1,529,002
FUNDS
Unrestricted fiJnds
Restricted funds
li
359,712
1,168,233
344,975
1,184,027
TOTAL FUNDS
1,527,945
1,529,002
The financial statements were approved by the Board of Trustees and authorised for issue on
4 November 2024 and were signed on its behalf by:
AL
Mrs G Meredydd - Trustee
The notes form part of these financial statements
-io-

NARBERTH & DISTRICT COMMUNrrY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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:
ststement of Recommended Prartice applicable to charities p￿parIng their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Stsndard
applicable in the UK and Republic of Ireland. and the Charities Att 2011. The financial statements
have been prepared under the historical cost convention.
Income
All income is recognised in the Ststement of Finanaal Actlvltles once the charity has entitlement to
the funds, it is probable that the Income will be re￿iVed and the amount can be measured reliably.
Expenditure
Liabilities are recognlsed as expenditure as soon as there is a legal or constructlve obllgatlon
committing the charlty to that expenditure, it is probable that a transfer of economSc benefits wlll
be required In settlement and the amount of the obllgatlon can be measured rellably. Expendlture
Is accounted for on an accruals basls and has been classlfled under headings that aggregate all
cost related to the category. Where costs cannot be directly attributed to particular headings they
have been allocated to actlvltles on a basis conslstent wlth the use of resources.
Tangible flxed assets
Depreciation is provlded at the followlng annual rates In order to write off each asset over its
estlmated useful life.
New recreatlon hall faclllty
Fixtures and flttlngs
Computer equipment
4¥0 on cost
250/0 on redudng balance
Straight line over 3 years
No depreciation has been charged in respett of Leasehold Property on the basis that the estimated
residual value of the property Is not materially different to its carrying value in the accounts.
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.
Restritted 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 rnised for particular
restricted purposes.
Further explanatlon of the nature and purpose of each fund Is included in the notes to the flnanclal
statements,
Hire purchase and leaslng commltments
Rentals paid under operating leases are charged to the Ststsment of Flnancial Attivities on
stralght Ilne basis over the peri¢xl of the lease.
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NARBERTH & DISTRIcf COMMUNrrY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
2024
2023
Bank interest
3,274
1,173
TRUSTEES. REMUNERATION AND BENEFrrs
There were no tnjstees, 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, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
STAFF COSTS
The average monthly number of employees during the year was as follows:
2024
24
2023
22
All staff
No employees received emoluments In extsss of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIviTIES
Unrestrirted
fund
Restricted
funds
Total
fvnds
INCOME AND ENDOWMENTS FROM
Donations, legacies and grants
5,272
15,489
20,761
Charitable activities
Nursery
After school club
Minibus
Community centre & sports
135,860
57,101
18,479
177,739
135,860
57,101
18,479
177,739
Investment Income
1,173
1,173
Total
395,624
15,489
411,113
EXPENDITURE ON
Charitable activities
Nursery
After school club
Minibus
Community centre & sports
110,060
58,372
15,070
203,379
5,070
115,130
58,372
15,070
218,097
14,718
Total
386,881
19,788
406,669
NET INCOME/(EXPENDXTURE)
Other recognised galns/(losses)
Actuarial gain5 on defined benefit
schemes
8,743
(4,299)
4,4H
141,000
141,000
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NARBERTH & DZSTRICT COMMUNrrY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL STATEMEMfs - continued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVIllES - continued
Unrestricted
Restricted
fund
fijnds
Total
funds
Net movement in funds
149,743
(4,299)
145,444
RECONCILIATION OF FUNDS
Total funds brought forward
195,232
1,188,326
1,383,558
TOTAL FUNDS CARRIED FORWARD
344,975
1,184,027
1,529,002
TANGXBLE FIXED ASSETS
New
recreatlon
hall
faclllty
Leasehold
property
Plant and
machinery
COST
At l Aprll 2023
Additions
Reclassification
665,541
748,435
10,884
(12,547)
12,548
At 31 March 2024
665,541
735,888
23,432
DEPRECIATION
At l April 2023
Charge for year
Reclasslficatlon/transfer
147,221
14,717
{43)
3,265
2,342
43
At 31 March 2024
161,895
5,650
NET BOOK VAUIE
At 31 March 2024
665,541
573,993
17,782
At 31 March 2023
665,541
601,214
7,619
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NARBERTH & DISTRICT COMMVNrrY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
TANGIBLE FIXED ASSEfs- Continued
Fixtures
and
frttings
Computer
equipment
Totals
COST
At l Aprll 2023
Additions
Reclassiflcatlon
100,932
1,473
180
1,525,972
1,473
At 31 March 2024
102,405
180
1,527,446
DEPRECIATION
At l April 2023
Charge for year
Reclassification/transfer
94,225
2,045
180
244,891
19,104
At 31 March 2024
96,270
263,995
NET BOOK VALUE
At 31 March 2024
6,135
1,263,451
At 31 March 2023
6,707
1,281,081
DEBTORS: AMouKfs FALLING DUE wrrHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments
46,177
45,620
600
1,221
2,369
48,546
47,441
CREDXTORS: AMOUNTS FALLING DUE WITHZN ONE YEAR
2024
2023
Trade credltors
Social security and other taxes
Net wages
Accruals and income in advance
6,580
5,575
4,948
5,494
83
4,273
11,132
23,287
14,798
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NARBERTH & DISTRICT COMMUNrrY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
CREDrroRS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2024
2023
Pension liability
(148,000) (108,000)
10. ACCRUALS AND DEFERRED INCOME
2024
2023
Accruals and deferred income
19,622
11. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fvnd
344,975
14,737
359,712
Restricted funds
Restricted
1,184,027
(15,794) 1,168,233
TOTAL FUNDS
1,529,002
(1,057) 1,527,945
Net movement in funds, included in the above are as follows:
Incomlng
resources
Resources
expended
Gains and
1055es
Movement
in fvnd5
Unrestrlcted funds
General fvnd
440,102
(461,365)
36,000
14,737
Restricted funds
Restrfcted
4,800
(20,594)
(15,794)
TOTAL FUNDS
444,902
(481,959)
36,000
(1,057)
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NARBERTH & DISTRICT COMMUNrrY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
11. MOVEMENT IN FUNDS- contlnued
Comparatives for movement in funds
Net
movement
In fijnds
At
31.3.23
At 1.4.22
Unrestrlcted funds
General fund
195,232
149,743
344,975
Restricted funds
Restricted
1,188,326
(4,299) 1,184,027
TOTAL FUNDS
1,383,558
145,444
1,529,002
Comparative net movement in funds, included in the above are as follows:
Incomlng
$our￿S
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
395,624
(386,881)
141,000
149,743
Restricted funds
Restricted
15,489
(19,788)
(4,299)
TOTAL FUNDS
411,113
(406,669)
141,000
145,444
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
31.3.24
At 1.4.22
Unrestricted funds
General fund
195,232
164,480
359,712
Restricted funds
Restricted
1,188,326
(20,093)
1,168,233
TOTAL FUNDS
1,383,558
144,387
1,527,945
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NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months comblned net movement in ftjnds, included in
the above are as follows:
Incomlng
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted fund$
General fund
835,726
(848,246)
177,000
164,480
Restrlcted funds
Restricted
20,289
(40,382)
(20,093)
TOTAL FUNDS
856,015
(888,628)
177,000
144,387
12. EMPLOYEE BENEFrr OBLIGATIONS
The AssocSatlon operates a defined benefit pension scheme, whlch Is included wlthin the Dyfed
County Councll pension fund administered by Carmarthenshire County Council on a lead authority
basis. The assets of the scheme are held separately from those of the charity in an Independently
admlnlstered fund. Contributions to the scheme are charged to the Statement Of Flnanclal
Actlvltles so as to spread the cost of pensions over employees, working lives wlth the assoclatlon.
The scheme has been closed to new employees.
A qualified actuary on the basis of triennial valuatlons using the projected unlt method determlnes
the contributions. The most recent valuation was at 31 March 2022. The market value of Fund's
assets at the valuatlon date were £3.243 million coverlng 113% of the Fund's Ila blllties.
The assumptions, which have the most slgnificant effect on the results of the valuation, are those
lating to returns on investments, the rate of salary Increases and the rates of mortalty, ill
health, retirement, withdrawal etc.It was assumed that investment returns would be 4.8% (2023
4.9Wo) per annum, salary increases would average 4.2% (2023 4.2%) and that rates of mortallty,
ill health, retlrement and wlthdrawal would be in accordance with prevlous Dyfed Local Authority
experien￿.
The pension charge/(credit) for the year Included in wages costs was £NIL (2023
£7,000),
Employer contributions were £4,205 (2023 - £3,874) and the projetted employer contributions for
the year ending 31 March 2025 are £NIL.
FRS 102 Retlrement Beneflts
The most ￿trnt actuarlal valuations of the defined benefit schemes have been updated to take
account of the requlrements of FRS 102 in order to assess the Ilablllties of the scheme at 31 March
2024. Scheme assets are stated at thelr market value at 31 March 2024.
The main assumptions used to ¢Jlculate scheme liabllltles under FRS 102 are:
2024
2.7%
4.9010
4.2Wo
2.80/0
2023
2.7%
4.8%
4.29/0
2.8¥0
Inflatlon rate
Discount rate for scheme Ilabilities
Rate of Increase in salaries
Rate of increase In pensions
The mortality assumptlons used were
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NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 31 MARCH 2024
12.
EMPLOYEE BENEFrr OBLIGATIONS - contlnued
Longevity at 65 - current pensloners
Men
Women
21.5 Years
23.8 Years
21.9 Years
24.1 Years
Longevity at 65 - future pensloners
Men
Women
22.9 Years
25.6 Years
23.3 Years
26.0 Years
Reconciliation of market value of scheme assets:
2024
2023
l April 2023
Interest on plan assets
Remeasurements (assets)
Employer contributions
Member contributions
Beneflts paid
450,000
468,000
21,000
13,000
28,000
(25,000)
4,000
4,000
1,000
1,000
(12,000) (11,000)
31 March 2024
492,000
450,000
Actual Return on scheme assets in the year
49,000
(15,000)
The value of assets In the scheme were.,
2024
2023
Equltles
Govemment bonds
Other bonds
Property
Cash
other
358,000
335,000
2,000
32,000
61,000
3,000
17,000
46,000
61,000
2,000
25,000
492,000
450,000
Reconciliation of present value of scheme liabilities:
2024
2023
l Aprll 2023
Current service cost
Interest on pension Ilabllltles
Past servltt cost
Member contrlbutions
Remeasurement (gains)/losses on Ilabilities
Beneflts paid
342,000
4,000
17,000
498,000
7,000
13,000
1,000
(8,000)
(12,000)
1,000
(166,000)
(i 1,000)
31 March 2024
344,000
342,000
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NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
12. EMPLOYEE BENEFfr OBLIGAnONS - contlnued
Analysis of amount charyed in the Statement of Financial Artlvlties
2024
2023
Current SeN1￿ cost
Net Interest cost
Past servlce costs
4,000
(4,000)
7,000
Totsl Operating Charge/{Credlt)
7,000
Actuarlal Gain$ and Losses:
The cumulative amount of artuartal galns ￿Cognised In the Statement of other comprehenslve
Income is £134,000 (2023 cumulative actuarial gain - £90,000).
2024
2023
2022
2021
2020
2019
Defined beneflt
obllgatlon
Plan assets
(344,000) (342,000) (498,000) (501,000) (430,000) (426,000)
492,000
450,000 468,000 442,000
357,000
397,000
Surplus / (Deficlt)
148,000
108,000 (30,000) (59,000) (73,000) (29,000)
Experien￿ adjustments
on assets
28,000
(25,000)
22,000
86,000
(41,000) (14,000)
Experien
reMeaSU￿Ment of
liabllltles
(8,000) (166,000) (12,000) 65,000
8,000
23,000
Total remeasurement
recognised in statement
of other comprehenslve
Income
(36,000) (141,000) (34,000) (21,000)
33,000
9,000
13. RELATED PARTY DISCLOSURES
There were no related party transactlons for the year ended 31 March 2024.
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NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
DETAILED sfATEMENT OF FINANCIAL ACTivrrIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME AND ENDOWMENTS
Donation4 legacles and grants
Donatlons
Grants
5,469
5,685
1,706
19,055
11,154
20,761
Investment income
Bank Interest
3,274
1,173
Charitable actlvltles
Nursery Income
After school club Income
Minlbus Income
Communtty Cent￿ rents
PCC contrlbutions
Sports facilltles fees
Refreshments (net)
Sundry Income
158,859
52,897
24,703
42,925
69,280
79,255
2,284
271
135,860
57,101
18,479
44,324
55,916
75,665
1,402
432
430,474
389,179
Totsl Incoming resources
444,902
411,113
EXPENDITURE
Charitable activities
Wages
Hire of plant and machinery
Insurdnce
Light and heat
Telephone
Postage and ststlonery
Advertlslng
Sundries
Nursery expenses
After school club expenses
Mlnlbus expense5
Bad debt write off
staff trdining
SubscrSptlons
Cleaning wages & costs
Rent
Water rates
Repairs & maintenance
Depreclation of tangible fixed assets
114,633
513
5,459
40,143
2,569
137
289
522
143,652
68,978
17,870
338
58
479
15,089
525
2,517
43,223
19,105
108,639
355
4,931
13,959
1,262
194
596
2,073
115,130
58,372
15,070
1,126
1,386
358
15,381
525
2,137
35,953
18,077
476,099
395,524
Support costs
This page does not form part of the statutory financial statements
-20-

NARBERTH & DISTRICT COMMUNITY & SPORTS
ASSOCIATION
DETAILED sfATEMENT OF FINANCIAL ACTIvrrIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Support costs
Finance
Bank charges
1,205
1,211
Governance costs
Accountancy fee5
Acc'y under/over provision
Trustee Insurance
4,351
8,190
1,440
304
304
4.655
9,934
Total resourtrs expended
481,959
406,669
Net (expenditure)/income
(37,057)
This page does not form part of the statutory financial statements
-21-