``` REGISTERED CHARITY NUMBER: 512032 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ``` ``` FOR ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ``` Llewelyn Davies Chartered Accountants Yelverton House St John Street Whitland Carmarthenshire SA34 0AW ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`** ||**`Page`**|**`Page`**|**`Page`**| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`6`| |**`Independent Examiner's Report`**||`7`|| |**`Statement of Financial Activities`**||`8`|| |**`Balance Sheet`**||`9`|| |**`Notes to the Financial Statements`**|`10`|`to`|`18`| |**`Detailed Statement of Financial Activities`**|`19`|`to`|`20`| ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended 31March2025.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` TheNarberthandDistrictCommunityandSportsAssociation,throughitsmanagementcommittees, in accordancewiththeaimsandobjectivesoutlinedinitsConstitution,havecontinuedtoensurethata wide varietyofcoursesandactivitieshavetakenplaceattheCentreduringthepastyear.The programme planningwhichtakesplacefromAprilonwards,isdevelopedusingfeedbackfromprevious year's students,theBloomfieldquestionnaireresponses,anddirectrequests,sothatweareabletoensure that theusersofthiscentreareofferedavariedanduptodateprogrammeofeducation,recreation and leisure activities. ``` ``` -1- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`ACHIEVEMENTS AND PERFORMANCE`** ``` TheRecreationHallbookingsincreasedin2024/25withNAFCjuniorteamsusingthefacilities for numerouseveningslots.NRFCjuniorsandNRFCWalkingRugbyalsobookedslotsand basketball returnedonWednesdays.NarberthNinjasNetball,theBadmintonClubandtheTableTennisCluball ran successfullythroughthesummerandwinter.Highernumbersattendedtheover50'sexercise class, Marie'sHIITsessionsandtheearlymorningweighttrainingclasseswithMeganHicks.AnewPickle Ball club,ZumbaandBethHowesPilatesallprovedpopular.TheuseoftheFitnessSuiteincreased - especiallybyjunior,monthlyandyearlymembers-althoughinvestmentwillbeneededinthe future. NDCSA'sMembershipcosttocoveruseofthesportsfacilitieshasnotincreasedforseveralyears. The trustees proposed a future increase, to be agreed at a later date. ``` ``` Intermsofgeneralroombookings,businessuserscontinuedtousethefacilities, including PembrokeshireCountyCouncil,LandskerChildcare,CymruCareTrainingandHywelDda.Narberth U3A offeredseveralcoursesandactivitiesfortheirmembers.Bloomin'Stitchers,LandskerQuilters, other patchwork&quiltinggroupstogetherwiththelocalbranchoftheWeavers,Spinners&DyersGuild, all continued to meet regularly. ``` ``` WestWalesWalkingforWellBeinggroupcontinuedtogrow,withuptothirty-threewalkers and volunteerleaderstakingpartintheweeklyWednesdaywalks.Newbookingsystemshavebeen trialled andaWhatsappgroup.RepresentativesofPACTOattendedthe100thwalkandwereassessing the benefitthatpeoplearegettingfromCommunityTransportacrossPembrokeshire.NDCSAwere fortunate to have two buses available for this group. ``` ``` NDCSAtookdeliveryofanadditionalminibusprovidedbyPACTO,withaservicelevelagreement to include first year's insurance cover. Additional permits were sought for the new vehicle. ``` ``` ArangeofLearningPembrokeshireclassestookplaceatBloomfieldincludingtwoSpanishclasses, four Artclasses,IntroducingCreativeWriting,threePhotographyclassesandoneadvancedItalianclass. Two additionalItalianclassesalsobeganwithnewtutor,OrsolaMuscia.Inaddition,her'ItalianPronto' short course, which began in early September, was fully booked. ``` ``` Eleven30weekcoursesofvaryinglevels(frombeginnersthroughtoadvanced)tookplaceat Bloomfield duringtheyearwithDysguCymraegSirBenfro.AGwenerSiaradtookplaceinAugustinvolving four levels,andSadwrnSiarad'stookplaceinSeptember,JanuaryandMarch-alsoatfourlevels. Examinationrevisionsessionsforthreelevelstookplace,andexaminationswereheldinJune2024 and January 2025. ``` ``` Energycostscontinuedtobechallengingduringthisyear.ThetariffwithPCCwasfixeduntil March 2025, when there was a considerable reduction in energy costs. ``` ``` Unfortunately,in2024theassociationreceivednotificationofPembrokeshireCountyCouncilSocial Care Departments'intentiontowithdrawfromtheLeeDaviesDayCareCentre,followingafullcouncil meeting regardingefficiencymeasures/counciltaxincreases.Thiswasfollowedbyaformalnoticeto NDCSA informingthetrusteesthattheservicewouldceaseonthe31March2025.NDCSA'sDevelopment Worker requestedarentalvaluation,andinterviewedlocalbusinessestoobtainnewtenantsforthefacility. It wassubsequentlyproposedthatBloomfieldNurserywouldusethiswingoftheCentretoexpand their servicesasitisatmaximumcapacity,withatwo-yearwaitinglistforchildplacesandsoisanarea of potential growth for the Centre. ``` ``` CylchMeithrinapproachedtheassociationfora'rentfreeze'inMarch2024.Followingthis,a rent reductionwasofferedusingtheanamountmoneywhichhadbeendonatedtoNDCSAbythelocal WI group.Duringthisperiod,CylchMeithrinwereindiscussionswithNarberthCPSchooltomoveto their premises, but had yet to confirm their departure from Bloomfield. ``` ``` BloomfieldAfterSchoolClubcontinuedtodeclineinusernumbersandincomeduringtheyear. Reasons citedforthisincludedanalternativeafterschoolclubofferedbyNarberthCPSchool,declining birthrates andchangestoflexibleworkingpatterns.Thefutureoftheprovisionwasbroughtintoquestionand the trusteesagreedtoclosethesettingin2025.ParentswerenotifiedinJanuary2025thatthesetting would close at the end of the academic year. ``` ``` -2- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ``` OurtrusteeRobLewiscontinuedtoprogressthe125-yearCommunityAssetTransferontherear fields andcarparkatBloomfield,intheprocessaddressingtheincreasesrequiredtoourliability insurance, dealing with safety assurances from PCC and reviewing documentation to present to NDCSA's solicitor. ``` ``` TheoriginalholdingtrusteeslistedonNDCSA'sexistingleasesexpressedadesiretoresign.Inaddition, it was noted that the association's lease on Bloomfield House will expire in eleven years' time. ``` ``` TheFinancialOmbudsmanconcludedthat£750begrantedascompensationforinconvenience in obtainingdualauthorisationassignatoryforNDCSATreasurerduetounacceptablelevelsof customer service during this time. ``` ## **`Grants & Donations`** ``` Section106fundedimprovementsduringthisperiodincludedupdatedCiscoWi-fisystemand new, automated front doors. ``` ``` Asumofmonieshadbeenaccolatedfortheprovisionofaprogrammeofyouthworkshopsat Bloomfield throughout2024.138spaceswerefilledbytwelvetotwenty-four-year-oldsacrossawiderange of workshops, conducted by eleven local activity providers utilising Bloomfield as a venue. ``` ``` SportWalesEnergySavingGrant:A£19,622grantwasconfirmedforNDCSAtowardsLED lighting upgrades,newSeminarRoomboilerandafurther9kwsolarPVarray,sitedontheRecreationHall. The associationhadtocommittomatchfundingof20%oftheprojectvalueamountingto£4,500. Green Warmth, NSE and PBK were the proposed contractors. ``` ``` PCNPASustainableDevelopmentFund:Theassociationreceived£10,642.40forsolarpanels, squash courtLEDlightupgradeandotherenergyefficiencymeasuresasoutlinedina2023SevernWye Energy Survey. A further £2,660.60 is due to be paid upon completion of the project. ``` ``` SCAFFundingfortheperiodJanuarytoMarch2025:£3,495wasawardedbyPAVSforroom hire, equipmentandstaffcosts.TwelvenewgroupswereintroducedtoBloomfield,includingchair yoga, meditationandRetroRollers.120hoursofroomhirewereclaimed,andfortyhoursofstaff costs covered. ``` ``` SportWalesStormDamageFunding:£5,000towardsdamagecausedbyStormDarraghin December 2024includingtreeremoval,chimneyrepairs,shedrepairsandwallrebuilding.Buildingwork was completed by Gareth Rees Builders. ``` ``` TheDragonRifleClubclosedanddonated£250oftheirremainingfundstoNDCSA.NarberthWI also closed resulting in an additional £2000 donated to NDCSA. ``` ## **`FINANCIAL REVIEW`** ## **`Investment policy`** ``` TherearenorestrictionsontheAssociation'spowertoinvest.TheAssociationdoesnotbenefitfrom an endowmentfundorholdlargecashreserves.Restrictedfundsareforspecificpurposes,mayonly be held for a period of time and are applied to specific projects. ``` ## **`Reserves policy`** ``` ThereservespolicyoftheTrusteesandGeneralCommitteeistomaintainunrestrictedfundssufficient to coverfuturemanagementandadministrationcosts,unforeseenfutureexpenditureandnewproject start up costs. Unrestricted funds are the operational free reserves of the association. ``` ``` -3- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`FUTURE PLANS`** ``` AnexpansionofBloomfieldNurseryintotheformerLeeDaviesDayCareCentrewingofBloomfield is planned in 2025/26. This will result in a large increase in income from the Nursery in the future. ``` ``` NDCSA'sCentreManagerJaninePerkinshasretired.Asuccessionplanwillbeconsideredinthe coming months. ``` ``` NDCSA plan to begin the complicated process of moving towards Charitable Incorporated status. ``` ``` FollowingpreviousissueswithBarclayBank'scustomerservice,theassociationplantomoveto Unity Trust Bank in 2025. ``` ``` TheassociationwereinformedthattheSquashCourtroof,whichisboxprofile,uninsulatedandin poor conditionwillneedreplacingwithinonetotwoyears.Quotesandfundingtowardsthisprojectwill be sought by the Development Worker. ``` ``` AnextensionoftheSection106fundingbecameavailabletoenableaSportsHallheatingupgrade and further youth workshops to take place in summer 2025. ``` ``` AnapplicationtotheCranfieldTrustforconsultancyandmanagementsupportwassubmittedin late spring2025.Thisprocesswillpairtheassociationwithalocalbusinessmentor,andtheassociation was referred to them by PACTO. ``` ``` PACTOfundingwillbecameavailableinsummer2025for'DialaRide'serviceproviderstoapply for funding towards a Community Transport Coordinator to be based at Bloomfield. ``` ``` FurtherenergyefficiencymeasureatthecentreareplannedinaccordancewiththeSevernWye Energy audit.AfuturefundingbidtoEnniCymruhasbeenproposedandadvicesoughtfromCwm Arian Renewable Energy. NDCSA's energy tariff is fixed until 2026. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated charity. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`** ``` 512032 ``` ## **`Principal address`** ``` Bloomfield House Narberth Pembrokeshire SA67 7ES ``` ``` -4- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ``` ``` ASSOCIATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`Trustees`** |`Lucien Jenkins`|`Narberth Quakers/Adult Ballet`| |---|---| |`Alice Phillips`|`Alice Russell School of Dance`| |`Steve Haysom`|`Narberth Squash Club`| |`Robert Lewis`|`Narberth RFC`| |`Matthew Johns`|`Narberth AFC`| |`Mike Johns`|`Narberth Cricket Club`| |`Raymond Bowen`|`St Andrews Church`| |`Charles Clewett`|`Cor Dyfed Choir and Narberth & Whitland Rotary Club`| |`Stephen Drinkwater`|`Yoga Class`| |`Charlie Meredydd`|`Narberth Town Council`| |`Glinys Meredydd`|`Individual`| |`Carina Newham`|`Individual`| |`Steve Rigby`|`Individual`| |`Francis Requena`|`Individual`| |`William Silverstone`|`Individual`| |`Claire Dunbar`|`Individual - ceased on 10 August 2025`| |`Emma Richards`|`Individual - ceased on 17 March 2025`| ``` The following have acted as Holding trustees of the Land: ``` ``` Mr D Stone Mr K Thomas ``` ## **`Independent Examiner`** ``` Mr Colin John FCA FCCA Llewelyn Davies Chartered Accountants Yelverton House St John Street Whitland Carmarthenshire SA34 0AW ``` ``` -5- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Bankers`** ``` Barclays Bank plc 32 High Street Haverfordwest SA61 2DA ``` ``` Approved by order of the board of trustees on 10 November 2025 and signed on its behalf by: ``` ``` Mrs G Meredydd - Trustee ``` ``` -6- ``` ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION`** ## **`Independent examiner's report to the trustees of Narberth & District Community & Sports Association`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsofNarberth&DistrictCommunity & Sports Association (the Trust) for the year ended 31 March 2025. ``` ## **`Responsibilities and basis of report`** ``` AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance with the requirements of the Charities Act 2011 ('the Act'). ``` ``` IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheAct and incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission under Section 145(5)(b) of the Act. ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body. IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstitute of Chartered Accountants in England and Wales, which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention 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 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.` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` Mr Colin John FCA FCCA ``` ``` Llewelyn Davies Chartered Accountants Yelverton House St John Street Whitland Carmarthenshire SA34 0AW ``` ``` 10 November 2025 ``` ``` -7- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations, legacies and grants`
**`Charitable activities`**
`Nursery`
`After school club`
`Minibus`
`Community centre & sports`
`Investment income`
`2`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Nursery`
`After school club`
`Minibus`
`Community centre & sports`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`Other recognised gains/(losses)`**
`Actuarial gains on defined benefit schemes`
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
`13,632`
`196,407`
`38,343`
`27,042`
`200,242`
`3,282`
`478,948`
`189,523`
`45,519`
`18,706`
`232,120`
`485,868`
`(6,920)`
`34,000`
`27,080`
`359,712`
`386,792`|`Restricted`
`funds`
`£`
`17,865`
`-`
`-`
`-`
`-`
`-`
`17,865`
`14,572`
`-`
`-`
`20,198`
`34,770`
`(16,905)`
`-`
`(16,905)`
`1,168,233`
`1,151,328`|`2025`
`Total`
`funds`
`£`
`31,497`
`196,407`
`38,343`
`27,042`
`200,242`
`3,282`
`496,813`
`204,095`
`45,519`
`18,706`
`252,318`
`520,638`
`(23,825)`
`34,000`
`10,175`
`1,527,945`
`1,538,120`|`2024`
`Total`
`funds`
`£`
`11,154`
`158,859`
`52,897`
`24,703`
`194,015`
`3,274`
`444,902`
`143,652`
`68,978`
`17,870`
`251,459`
`481,959`
`(37,057)`
`36,000`
`(1,057)`
`1,529,002`
`1,527,945`| |---|---|---|---|---| ``` The notes form part of these financial statements ``` ``` -8- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ``` ## **`ASSOCIATION`** ## **`BALANCE SHEET`** ## **`31 MARCH 2025`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`6`
**`CURRENT ASSETS`**
`Debtors`
`7`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`8`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one`
`year`
`9`
**`ACCRUALS AND DEFERRED INCOME`**
`10`
**`NET ASSETS`**
**`FUNDS`**
`11`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`97,131`
`34,521`
`87,418`
`121,939`
`(17,278)`
`104,661`
`201,792`
`185,000`
`-`
`386,792`|`Restricted`
`funds`
`£`
`1,180,956`
`-`
`5`
`5`
`-`
`5`
`1,180,961`
`-`
`(29,633)`
`1,151,328`|`2025`
`Total`
`funds`
`£`
`1,278,087`
`34,521`
`87,423`
`121,944`
`(17,278)`
`104,666`
`1,382,753`
`185,000`
`(29,633)`
`1,538,120`
`386,792`
`1,151,328`
`1,538,120`|`2024`
`Total`
`funds`
`£`
`1,263,450`
`48,546`
`110,857`
`159,403`
`(23,286)`
`136,117`
`1,399,567`
`148,000`
`(19,622)`
`1,527,945`
`359,712`
`1,168,233`
`1,527,945`| |---|---|---|---|---| ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 10 November 2025 and were signed on its behalf by: ``` ``` Mrs G Meredydd - Trustee ``` ``` The notes form part of these financial statements ``` ``` -9- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they have been allocated to activities on a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its estimated useful life. ``` ``` New recreation hall facility- 4% on cost Fixtures and fittings- 25% on reducing balance Computer equipment- Straight line over 3 years ``` ``` NodepreciationhasbeenchargedinrespectofLeaseholdPropertyonthebasisthatthe 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`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Hire purchase and leasing commitments`** ``` RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitieson a straight line basis over the period of the lease. ``` ``` -10- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`2. INVESTMENT INCOME`** |**`INVESTMENT INCOME`**||| |---|---|---| ||`2025`|`2024`| ||`£`|`£`| |`Bank interest`|`3,282`|`3,274`| ## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025nor for the year ended 31 March 2024. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended 31 March 2024. ``` ## **`4. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ||`2025`|`2024`| |---|---|---| |`All staff`|`23`|`24`| ``` No employees received emoluments in excess of £60,000. ``` ## **`5.`** ## **`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`INCOME AND ENDOWMENTS FROM`**
`Donations, legacies and grants`
**`Charitable activities`**
`Nursery`
`After school club`
`Minibus`
`Community centre & sports`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Nursery`
`After school club`
`Minibus`
`Community centre & sports`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`Other recognised gains/(losses)`**
`Actuarial gains on defined benefit`
`schemes`|`Unrestricted`
`fund`
`£`
`6,354`
`158,859`
`52,897`
`24,703`
`194,015`
`3,274`
`440,102`
`138,852`
`68,978`
`17,870`
`235,665`
`461,365`
`(21,263)`
`36,000`|`Restricted`
`funds`
`£`
`4,800`
`-`
`-`
`-`
`-`
`-`
`4,800`
`4,800`
`-`
`-`
`15,794`
`20,594`
`(15,794)`
`-`|`Total`
`funds`
`£`
`11,154`
`158,859`
`52,897`
`24,703`
`194,015`
`3,274`
`444,902`
`143,652`
`68,978`
`17,870`
`251,459`
`481,959`
`(37,057)`
`36,000`| |---|---|---|---| ``` -11- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** |**`5.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`fund`
`£`
**`Net movement in funds`**
`14,737`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`344,975`
**`TOTAL FUNDS CARRIED FORWARD`**
`359,712`
**`6.`**
**`TANGIBLE FIXED ASSETS`**
`Leasehold`
`property`
`£`
**`COST`**
`At 1 April 2024`
`665,541`
`Additions`
`-`
`At 31 March 2025`
`665,541`
**`DEPRECIATION`**
`At 1 April 2024`
`-`
`Charge for year`
`-`
`At 31 March 2025`
`-`
**`NET BOOK VALUE`**
`At 31 March 2025`
`665,541`
`At 31 March 2024`
`665,541`
`Fixtures`
`and`
`fittings`
`£`
**`COST`**
`At 1 April 2024`
`102,405`
`Additions`
`-`
`At 31 March 2025`
`102,405`
**`DEPRECIATION`**
`At 1 April 2024`
`96,270`
`Charge for year`
`1,534`
`At 31 March 2025`
`97,804`
**`NET BOOK VALUE`**
`At 31 March 2025`
`4,601`
`At 31 March 2024`
`6,135`|**`5.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`fund`
`£`
**`Net movement in funds`**
`14,737`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`344,975`
**`TOTAL FUNDS CARRIED FORWARD`**
`359,712`
**`6.`**
**`TANGIBLE FIXED ASSETS`**
`Leasehold`
`property`
`£`
**`COST`**
`At 1 April 2024`
`665,541`
`Additions`
`-`
`At 31 March 2025`
`665,541`
**`DEPRECIATION`**
`At 1 April 2024`
`-`
`Charge for year`
`-`
`At 31 March 2025`
`-`
**`NET BOOK VALUE`**
`At 31 March 2025`
`665,541`
`At 31 March 2024`
`665,541`
`Fixtures`
`and`
`fittings`
`£`
**`COST`**
`At 1 April 2024`
`102,405`
`Additions`
`-`
`At 31 March 2025`
`102,405`
**`DEPRECIATION`**
`At 1 April 2024`
`96,270`
`Charge for year`
`1,534`
`At 31 March 2025`
`97,804`
**`NET BOOK VALUE`**
`At 31 March 2025`
`4,601`
`At 31 March 2024`
`6,135`|**`- continued`**
`Restricted`
`funds`
`£`
`(15,794)`
`1,184,027`
`1,168,233`
`New`
`recreation`
`hall`
`facility`
`£`
`735,888`
`-`
`735,888`
`161,895`
`14,718`
`176,613`
`559,275`
`573,993`
`Computer`
`equipment`
`£`
`180`
`-`
`180`
`180`
`-`
`180`
`-`
`-`|**`- continued`**
`Restricted`
`funds`
`£`
`(15,794)`
`1,184,027`
`1,168,233`
`New`
`recreation`
`hall`
`facility`
`£`
`735,888`
`-`
`735,888`
`161,895`
`14,718`
`176,613`
`559,275`
`573,993`
`Computer`
`equipment`
`£`
`180`
`-`
`180`
`180`
`-`
`180`
`-`
`-`|`Total`
`funds`
`£`
`(1,057)`
`1,529,002`
`1,527,945`
`Plant and`
`machinery`
`£`
`23,432`
`36,692`
`60,124`
`5,650`
`5,804`
`11,454`
`48,670`
`17,782`
`Totals`
`£`
`1,527,446`
`36,692`
`1,564,138`
`263,995`
`22,056`
`286,051`
`1,278,087`
`1,263,451`| |---|---|---|---|---| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ``` -12- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade debtors`
`Prepayments`
**`8.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE`**
`Trade creditors`
`Social security and other taxes`
`Net wages`
`Accruals and income in advance`
**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE`**
`Pension liability`
**`10.`**
**`ACCRUALS AND DEFERRED INCOME`**
`Accruals and deferred income`
**`11.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`2025`
`£`
`32,084`
`2,437`
`34,521`
**`YEAR`**
`2025`
`£`
`735`
`5,935`
`124`
`10,484`
`17,278`
**`THAN ONE YEAR`**
`2025`
`£`
`(185,000)`
`2025`
`£`
`29,633`
`Net`
`movement`
`At 1.4.24`
`in funds`
`£`
`£`
`359,712`
`27,080`
`1,168,233`
`(16,905)`
`1,527,945`
`10,175`|`2024`
`£`
`46,177`
`2,369`
`48,546`
`2024`
`£`
`6,579`
`5,575`
`-`
`11,132`
`23,286`
`2024`
`£`
`(148,000)`
`2024`
`£`
`19,622`
`At`
`31.3.25`
`£`
`386,792`
`1,151,328`
`1,538,120`| |---|---|---| ``` -13- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`11. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` |`Incoming`
`Resources`
`Gains and`
`resources`
`expended`
`losses`
`£`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`478,948`
`(485,868)`
`34,000`
**`Restricted funds`**
`Restricted`
`17,865`
`(34,770)`
`-`
**`TOTAL FUNDS`**
`496,813`
`(520,638)`
`34,000`
**`Comparatives for movement in funds`**
`Net`
`movement`
`At 1.4.23`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`344,975`
`14,737`
**`Restricted funds`**
`Restricted`
`1,184,027`
`(15,794)`
**`TOTAL FUNDS`**
`1,529,002`
`(1,057)`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`Gains and`
`resources`
`expended`
`losses`
`£`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`440,102`
`(461,365)`
`36,000`
**`Restricted funds`**
`Restricted`
`4,800`
`(20,594)`
`-`
**`TOTAL FUNDS`**
`444,902`
`(481,959)`
`36,000`|`Movement`
`in funds`
`£`
`27,080`
`(16,905)`
`10,175`
`At`
`31.3.24`
`£`
`359,712`
`1,168,233`
`1,527,945`
`Movement`
`in funds`
`£`
`14,737`
`(15,794)`
`(1,057)`| |---|---| ||| ``` -14- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`11. MOVEMENT IN FUNDS - continued`** ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`At 1.4.23`
`£`
`344,975`
`1,184,027`
`1,529,002`|`Net`
`movement`
`in funds`
`£`
`41,817`
`(32,699)`
`9,118`|`At`
`31.3.25`
`£`
`386,792`
`1,151,328`| |---|---|---|---| ||||`1,538,120`| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
`919,050`
`(947,233)`
`22,665`
`(55,364)`
`941,715`
`(1,002,597)`|`Gains and`
`losses`
`£`
`70,000`
`-`
`70,000`|`Movement`
`in funds`
`£`
`41,817`
`(32,699)`
`9,118`| |---|---|---|---| ## **`12. EMPLOYEE BENEFIT OBLIGATIONS`** ``` TheAssociationoperatesadefinedbenefitpensionscheme,whichisincludedwithinthe Dyfed CountyCouncilpensionfundadministeredbyCarmarthenshireCountyCouncilonalead authority basis.Theassetsoftheschemeareheldseparatelyfromthoseofthecharityinan independently administeredfund.ContributionstotheschemearechargedtotheStatementOf Financial Activitiessoastospreadthecostofpensionsoveremployees'workingliveswiththe association. The scheme has been closed to new employees. ``` ``` Aqualifiedactuaryonthebasisoftriennialvaluationsusingtheprojectedunitmethod determines thecontributions.Themostrecentvaluationwasat31March2022.Themarketvalueof Fund's assets at the valuation date were £3.243 million covering 113% of the Fund's liabilities. ``` ``` Theassumptions,whichhavethemostsignificanteffectontheresultsofthevaluation,are those relatingtoreturnsoninvestments,therateofsalaryincreasesandtheratesofmortality, ill health,retirement,withdrawaletc.Itwasassumedthatinvestmentreturnswouldbe5.8%(2024 - 4.9%)perannum,salaryincreaseswouldaverage4.1%(2024-4.2%)andthatratesof mortality, illhealth,retirementandwithdrawalwouldbeinaccordancewithpreviousDyfedLocal Authority experience. ``` ``` -15- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`12. EMPLOYEE BENEFIT OBLIGATIONS - continued`** ``` Thepensioncharge/(credit)fortheyearincludedinwagescostswas(£3,000)(2024- NIL). Employercontributionswere£NIL(2024-£4,205)andtheprojectedemployercontributions for the year ending 31 March 2026 are £NIL. ``` ## **`FRS 102 Retirement Benefits`** ``` Themostrecentactuarialvaluationsofthedefinedbenefitschemeshavebeenupdatedto take accountoftherequirementsofFRS102inordertoassesstheliabilitiesoftheschemeat31 March 2025. Scheme assets are stated at their market value at 31 March 2025. ``` ## **`The main assumptions used to calculate scheme liabilities under FRS 102 are:`** ||**`2025`**|**`2024`**| |---|---|---| |`Inflation rate`|`2.6%`|`2.7%`| |`Discount rate for scheme liabilities`|`5.8%`|`4.9%`| |`Rate of increase in salaries`|`4.1%`|`4.2%`| |`Rate of increase in pensions`|`2.7%`|`2.8%`| |`The mortality assumptions used were`||| |`Longevity at 65 - current pensioners`||| |`Men`|`21.5 Years`|`21.5 Years`| |`Women`|`23.9 Years`|`23.8 Years`| |`Longevity at 65 - future pensioners`||| |`Men`|`22.9 Years`|`22.9 Years`| |`Women`|`25.7 Years`|`25.6 Years`| ## **`Reconciliation of market value of scheme assets:`** ||**`2025`**|**`2024`**| |---|---|---| ||**`£`**|**`£`**| |`1 April 2024`|`492,000`|`450,000`| |`Interest on plan assets`|`24,000`|`21,000`| |`Remeasurements (assets)`|`(13,000)`|`28,000`| |`Employer contributions`|`-`|`4,000`| |`Member contributions`|`1,000`|`1,000`| |`Benefits paid`|`(12,000)`|`(12,000)`| |||| |`31 March 2025`|`492,000`|`492,000`| |||| |||| |`Actual Return on scheme assets in the year`|`12,000`|`49,000`| |||| |`The value of assets in the scheme were:`||| ||**`2025`**|**`2024`**| ||**`£`**|**`£`**| |`Equities`|`358,000`|`358,000`| |`Government bonds`|`-`|`-`| |`Other bonds`|`45,000`|`46,000`| |`Property`|`51,000`|`61,000`| |`Cash`|`4,000`|`2,000`| |`Other`|`34,000`|`25,000`| |||| ||`492,000`|`492,000`| |||| ``` -16- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`12. EMPLOYEE BENEFIT OBLIGATIONS - continued`** ## **`Reconciliation of present value of scheme liabilities:`** ||**`2025`**|**`2024`**| |---|---|---| ||**`£`**|**`£`**| |`1 April 2024`|`344,000`|`342,000`| |`Current service cost`|`4,000`|`4,000`| |`Interest on pension liabilities`|`17,000`|`17,000`| |`Past service cost`|`-`|`-`| |`Member contributions`|`1,000`|`1,000`| |`Remeasurement (gains)/losses on liabilities`|`(47,000)`|`(8,000)`| |`Benefits paid`|`(12,000)`|`(12,000)`| |||| |`31 March 2025`|`307,000`|`344,000`| |||| ## **`Analysis of amount charged in the Statement of Financial Activities`** ||**`2025`**|**`2024`**| |---|---|---| ||**`£`**|**`£`**| |`Current service cost`|`4,000`|`4,000`| |`Net interest cost`|`(7,000)`|`(4,000)`| |`Past service costs`|`-`|`-`| |||| |||| |`Total Operating Charge/(Credit)`|`(3,000)`|`-`| |||| ## **`Actuarial Gains and Losses:`** ``` ThecumulativeamountofactuarialgainsrecognisedintheStatementofother comprehensive income is £168,000 (2024 cumulative actuarial gain - £134,000). ``` ||**`2025`**
**`2024`**
**`2023`**
**`2022`**|**`2021`**|**`2020`**| |---|---|---|---| ||**`£`**
**`£`**
**`£`**
**`£`**|**`£`**|**`£`**| |`Defined benefit`
`obligation`|`(307,000)`
`(344,000) (342,000) (498,000)`|`(501,000)`|`(430,000)`| |`Plan assets`|`492,000`
`492,000`
`450,000`
`468,000`|`442,000`|`357,000`| ||||| |`Surplus / (Deficit)`|`185,000`
`148,000`
`108,000`
`(30,000)`|`(59,000)`|`(73,000)`| ||||| ||||| |`Experience adjustments`
`on assets`|`(13,000)`
`28,000`
`(25,000)`
`22,000`|`86,000`|`(41,000)`| ||||| |`Experience`
`remeasurement of`
`liabilities`|`(47,000)`
`(8,000)`
`(166,000)`
`(12,000)`|`65,000`|`8,000`| ||||| ``` -17- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`12. EMPLOYEE BENEFIT OBLIGATIONS - continued`** |`Total remeasurement`||||||| |---|---|---|---|---|---|---| |`recognised in statement`||||||| |`of other comprehensive`||||||| |`income`|`(34,000)`|`(36,000)`|`(141,000)`|`(34,000)`|`(21,000)`|`33,000`| ## **`13. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 March 2025. ``` ``` -18- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ASSOCIATION ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |**`INCOME AND ENDOWMENTS`**
**`Donations, legacies and grants`**
`Donations`
`Grants`
**`Investment income`**
`Bank interest`
**`Charitable activities`**
`Nursery Income`
`After school club income`
`Minibus income`
`Community centre rents`
`PCC contributions`
`Sports facilities fees`
`Refreshments (net)`
`Sundry income`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Wages`
`Hire of plant and machinery`
`Insurance`
`Light and heat`
`Telephone`
`Postage and stationery`
`Advertising`
`Sundries`
`Nursery expenses`
`After school club expenses`
`Minibus expenses`
`Bad debt write off`
`Staff training`
`Subscriptions`
`Cleaning wages & costs`
`Rent`
`Water rates`
`Repairs & maintenance`
`Depreciation of tangible fixed assets`|`2025`
`£`
`9,156`
`22,341`
`31,497`
`3,282`
`196,407`
`38,343`
`27,042`
`44,318`
`71,280`
`83,811`
`701`
`132`
`462,034`
`496,813`
`109,741`
`90`
`6,635`
`36,044`
`1,193`
`193`
`488`
`3,032`
`204,095`
`45,519`
`18,706`
`1,000`
`43`
`793`
`29,210`
`525`
`2,751`
`34,187`
`22,055`
`516,300`|`2024`
`£`
`5,469`
`5,685`| |---|---|---| |||`11,154`
`3,274`
`158,859`
`52,897`
`24,703`
`42,925`
`69,280`
`79,255`
`2,284`
`271`| |||`430,474`| |||`444,902`
`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`| |||`476,099`| ## **`Support costs`** ``` This page does not form part of the statutory financial statements ``` ``` -19- ``` ``` NARBERTH & DISTRICT COMMUNITY & SPORTS ``` ## **`ASSOCIATION`** ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |**`Support costs`**
**`Finance`**
`Bank charges`
**`Governance costs`**
`Accountancy fees`
`Acc'y under/over provision`
`Trustee insurance`
`Total resources expended`
**`Net expenditure`**|`2025`
`£`
`676`
`4,604`
`(1,276)`
`334`
`3,662`
`520,638`
`(23,825)`|`2024`
`£`
`1,205`
`4,351`
`-`
`304`
`4,655`
`481,959`
`(37,057)`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` -20- ```