REGisfERED COMPANY NUMBER: 01793691 (Engljind and Wales) REGISTERED CHARITY NI;MBER: 514927 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMElYts FOR THE YEAR ENDED 31 MARCH 2024 FOR LLANDUDNO ELDERLY PEOPLE'S WELFAR£ SOCIETY Williams Denton Cyf CharteTed Certified Accountants Glas]yn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE
LLANDUDIYO Tr:LDERLY PEOPLE'S WELFARE SOCIETY CONfENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR EM)ED 31 MARCH 2024 Page Report of the Trnstees IndepeDdent Examiner's Report Stslement of Finanei21 Acttvits&s Balance Sheel 7 to 8 Notes to the Financial Ststetnents Detsiled Ststement of Finandal Aetivitles 14
LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCIETY REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the puryoses of the Companies Ad 2006, presenl their reFQrt wilh the financial slalements of the charity for the year ended 31 March 2024. The trustees have adopt the provisions of Accounling and Reporting by Charities: Statement of Reci)mmended Practice applicable to charitie5 preparftng their accounis in accordance with the Financial R¢poning Siandard applicable in the IJK and RepubliG of.Ireland (FRS 102) ' (effective l January 2019). OBJEcfivES AND ACTIVTfiES ObjectiYe5 and aims Llandudno Elderly People's Welfare is a community-based scheme which relieves elder]y pKJple in need and pmvides $ial acttvities and supp)rts the mental and spiritual welfare of members. Llandudno Elderly People's Welfare Aims: To ensure members are ]k¢d after To improve membets health and well-king To reduce loneliness To ensure spouse and carers have 5uITicient To IMpVe self-esteem. overcome depression and implove emotional well-king of the elderly Llandudno Elderly PpEe'S Welfare Objectives: To recruit, trdin and supFK)rt volunteers To provide support get-togethers for the elderly To provide activities and meals to the elderly ACHIEVEMENT AND PERFORMANCE Charitable activities Long-t¢nn aim The charity continues to be a support provider with Conwy County Council supporting ¢are of the elderly.The charity is ever mindfvl of possible funding difficulties due to the local authorities continued funding Lxinstraints and their new Flexible Funding appmach. We will endeavour to Pvide the optimum seThice to membas and seek ways to excend our $VICe. The Charity will continue its high stsndard of care and support to the eklerly. Page I
LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCIETY REPORT OF IryIE TRuEEs FOR THE YE.4R ENDED 31 MARCH 2024 FINANCIAL REVIEW The BoaTd of Trnstees aff accountable for the hem¢,$ finan¢ial undertakings. To make proper decisions, the Board of Twstees receive adqu4 timely and (xynprehen5ible ]nfOrntiOn & Board meetings about the: I) Ch flow prnjections 2) Ina)m¢ and expenditure In line with its financial obligations the following tasks are overseen by the TThstees and Secretary: l) Funding 2) Risk analysi 3) Cash flow l&lySiS 4) Expenditure 5) Bookkeepino & record keeping 6) Reporting 7) Financial monitoring Funding- The Board of Tnlstees develop and approve a funding strategy with financial infrjrnialion received from the secretary And ensures thal Ihe scheme has enough fimds to ¢rry out its activiti thi5 is Teviewed at all Board Meetings. Rlsk analysis- The Board of Tiustee'5 ensure that the scheme does not tske on any financial obligations that it cannot meet. Cash flow an25ysis- The Board of T ensure that Llandudno Elderly People's Welfare has enough money to pay all ils bi115 and financial obliga4ions on time and in full. Payment suthoristion and Purchase i*dger- All invoicu are auÉhorisol for payment by TnL8tee member Carol and the vice chair Alex who is responsible for checking invoices for accuracy in ternis of figu5 and confomiity with the order place that the serviceOgoods have been receTved, and any problems followd up. The se£retary operdtes a datsbase. all incoming invoices are recoed and pd for illlthorisation and suppliers are paid within the appropriate timescales. Bookkeeping and record keeping is the Ksp)nsil)ility of the 5eCTetary and overseen by th¢ Board of Trnstees. all entries are reconciled inonthty Bank Accounts & ReCOnliAtion- Bank Statements are obtained on a monthly basis and the database is reconciled each month to the bank statements. All income is paid into the scheme's bank attount &8 soon as possible and 311 monies due to the scheme are invoiced promptly. Any monie5 received in ¢&sh i.e. donations are issued with a letter of receipt and any cash income is banked. A small treasurers Tepx)rt is prepared f(r the Board of Twstees and shows spending on a monthly basis Flnanclal Sllmmary for the y¢Ar The centre continued to be closed for lunches duTing the year due to staffing shortages, although room hire w85 avallablc, inwme rwcived totalled £26?92. In January 21Y25. the oFning of wamier hubs will start again which will provide for 50ups and warni mcals forthe elderfy. During the year grants of £8,861 were ad)ieved. £2.000 was provided from Llandudno Town Council which wtll be used to continue with the upgrade the interiorof the centre to ensu its in full working order when its ablc to N)p¢n. Page 2
LLANDUDNO ELDERLY PEOPLEIS WELFARE SOCIETY REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 Total reserves ¢anied forward totalled £69.193 which included a bank balance of £21639.40. The Tnistee's believe the centre can continue its activities for the year ahead. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document.. . The charity is controlled by its goveming dcUm¢nL a deed of ty$l and ¢))nstitutes a limited company, limitsd by guarante4 as defiD¢d by ihe Companie5 Act 2006. Recruitment and appointment of new trustees The Charity ha5 six trustees. All new appoinlments made with the agreement of the existing ttwsfres. The trustees oversee the financial and stt7tegic development of the tharity. The day to day management is canied out by the management committee. whlch is made up of paid w0eTs and voluntetrs. Risk matt8gement The trustees hold Board Meetings to identify a1 review any risks which the chaTity may be exposed lo, to ensure appropria* monitoring is in place to provide reasonable a5sufdnce against fiaud and enDr. The secretary provides financial and whflow rewjrts to th¢ Boanl. REFERENCE AND ADMINJSTRATtVE DETAILS Registered Company number 01793691 (England and Wales) Registered Charity number 514927 Regist¢red San Remo 13 Trinity SquwE Llandudno CONWY LL30 2RB Trustees MrJMABoyle Mrs J RJones Councillor J Jones Miss C MabbI MrsE O Williams Mr M Miller5hip Trustee (appointed 1.224) (resigned 31.8.24) Mrs A Thomas Trustee (appointed l 2.24) Mr S N Thomas (app)inted 15.524) IRdependent ExamEner Williams Denlon Cyf Chartered Certified Accountants Glaslyn Ffordd y Parc Parc Menai Bangor Gmynedd LL57 4FE Approved by order of the board of trusiees on ............................................. aThl $id on its behalf by: Page 3
LLANDUDNO EI LDERLY PEOPLE'S WELFARE SOCIETY REPORT OF ryHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Miss C Marubbi - Truste¢ Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCIETY Independent examiner's report to th¢ tru5t¢¢s of Llanduthio Elderly People's W¢lfire Society ('th¢'Company') I report to ihe chwity Ine$ on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of rewjrt As the charity's trusiees of the Company (and also ils directors for the purposes of company law) you are reswinsible for the preparation of the accounts in accordance with the requirements of th¢ Companies Act 2006 (Ibe 2006 ACV). 'Having satisfied myself that the accounts of the Company are not required kn be audited under Part 16 of the 2006 Act and are eligible for independent examination. J report in ttspect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (Ihe 2011 ACV). In canying out my examination I have followed tbe Direclions given by the ChaTity Commission under Section 145(5) (b) of the 2011 Act. Ind¢pendent examiner's statement I have completed my ¢xamination. J confirm that rnattets have come to my attention in connection with the examination givlng me cause to believe: counting records were not kept in reSpt of the Company a5 required by Seaion 386 of the 2006 A¢L or the accounts do not accord with those records. OT the acwunts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which 15 not a matter considered as part of an independent ¢xamAnaiion" or the accounts have n(x been prepared in acwrdance with the methods and principles of the Statement of Recnmmended Practice for accounting and reporting by chatities (applicable to charilies preparing their accounts in accordance with the Financial Rew)rtAng Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other Matte in connection with the examination to which attention should be drawn in this report in order to enable a PToper underst4ndin8 of the a¢(Unts io b¢ reached. Mr Martin B Williams Denton Cyf Chartered Certified Accounlants Glaslyn Ffordd y Pa Parc Menai Bangor Gwynedd LL57 4FE Date: ............................................. Page 5
LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCIETY srATEMENT OF FINANCIAL AcfiviTIES FOR THE YE..IR ENDED 31 MARCH 2024 2024 Unrestricted fund 2023 Total fi]nds Notes INCOME AND ENiX)WMENfs FROM tkjnations and legacies 8,861 5.809 Other trading activities Investhient income 26J92 24.186 Tot*1 35260 29,997 EXPENDTfui4E ON Raising fimds 625 Other 24914 21110 22.110 Total 25J39 NET INCOMF,. 9.721 7,887 RECONCILL,I'ION OF FifNDS Totsl funds brc Jght forward 59,472 51,585 TOTAL FUMIq CARRtED FORWARD 69,193 59,472 The notes forni part of these financial statements Page 6
LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCIETY BALANCE SHEET 31 MARCH 2024 2024 Unrestricled fund 2023 Total fimds Nole5 FIXED A&SETS Tan8tbl¢ assets CURRENf ASSKTS Debtors Cash at bank 595 23,192 2.205 14,272 23,787 16,477 CREDITORS Amounts falling due within one year io {201 ) (4.912) NET CURRENT ASSETS 21286 11,565 TOTAL ASSETS LESS CURRENT LIABILITIES 69,193 59,472 NET ASSETS 69,193 59,472 FUNDS Unrestricted fimds 69,193 59,472 TOTAL FUNDS 69,193 59.472 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The mcmbers have not rquired the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with stiOn 476 of the Companies Act 2006. The tnle¢S acknowledge their responsibilitie5 for (a) ¢nsuring that the charitsble wmpany kew accounting records that comply with Scction5 386 and 387 of the Companies Act 2006 and preparing financiaI statements which give a true and fair view of the state of affaits of the charitable company as at the end of each financial year and of its surplus or deficit for each f]nancial year in accordance with the requirements of Sections 394 and 395 and whith otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applile to the charitknle company. (b) The notes fom) part of these financial sthtements ntinued...
LLANDUDNC) tr:LDERLY PEOPLE'S WELFARE SOCIETY BALANCE SHEET- contlnu¢d 31 MARCH 2024 These financial >tatements have been prepaTed in accordance with the provisions applicable to charitable companies subject to the snall companies regime. The financial statement5 were approved by the Board of Trustees and authorised for i55ue . and were signed on its behalf by: on Miss C Marubbi- Trnsfee The note5 forn) part of th¢se financial statements Pagc 8
LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCIETY NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AccoiJiYfiNG POLICIES Basi5 of preparing the financiaR statements The financial statements of the charitable cornpanyj which is a public ben¢fil entity under FRS E02, have been prepared in accordance with the Charities S.ORP (FRS I02) 'AOUnting and Reportin8 by Chities. Statement of Recommended Practice applicable to charities preparing their nts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effeaive l January 2019),, Financial Rewrting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepad under the historical cost convention. Income All income is recognised in the Statement of Financial Activiti&8 once the charity has entitlement to the fund& it is probable thai the income will be rtteived and the amount can be measured reliably. Expenditure Liabilities a recognised expenditll as soon as there is a legal or c£>nSCtive obligation Iximmitting the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is aOUnted for on an accrnals basis and has been classified under headings that aggregate all Lr¢St related to the caiegory. Where costs cannot be directly attributed to particular headings they have been allocated kn activities on a basis consistent with the use of resources. Taxation The ¢harity is exempt from corporation tsx on its clwitable a¢livities. Fund aeeouDting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trusiees. Restricted funds can only be used for particular Stricted purposes within the objects of the charity. Restrictions atise when spe¢ified by the donor or when funds are raised for particular restricted PUTpJses. Further explanation of the nature and putpose of each fimd is included in the noies to the finan¢iaI statements. Tangible assets and depreeiation Freehold pn)perty is valued at wst with no depreciation pmvision. OTHER TRADING ACTIVITIES 2024 2023 Room hire 26J92 24.186 Page 9 continued...
LLANDUDNC4 r.LDERLY PEOPLE'S WELFARE SOCIETY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YE.IR ENDED 31 MARCH 2024 VESTMENf coKE 2024 2023 Depsil account interest RAISING FiJNDS Investment management costs 2024 2023 Suppon costs 625 TRUSTEES, REMUNERATION AND BENEFITS There ivere no tsustees, remunerdtion or other Etnefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trust5, expenses There ii,'ere no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 MarGh 2023. STAFI COSTS The avi rage monthly numlxrof employees during the year w&% as follow5: 2024 2023 The average monthly number of employxs No employees ceiVed emoluments in excess of £60.IM)O. COMPAFIATIVFS FOR THE STATEMENf OF FIIYAIYCIAL AcrivrriES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 5,809 Othertrnding a¢tivities Investment income 24,186 Totsl 29,997 EXPENDITURE ON Other 22,110 NET INC.OME 7,887 Page 10 continued...
LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcrivrriES- conlinued Unrestricted fund RECONCILIATIOKOF17tJNDS . Total funds brought forward 51,585 TOTAL FUNDS CARRIED FORWARD 59.472 TANGIBLE FIXED ASSETS Freehold property co At l April 2023 and 31 March 2024 47,907 NET BOOK VALUE At 31 Mwrh 2024 47907 At 31 mh 2023 47,907 DEFfoRS: AMOUNTS FALLING DUE WH1 ONE YEAR 2024 2023 Trade debtors $95 2,205 io. CREDITORS: AMOUNfs FALLG DUE wrrHIN ONE YEAR 2024 2023 Social security and oiher tsxe5 Accruals and deferred income Ac¢rued expenses 1,923 492 2,497 492 2,1)09 2001 4,912 Pag¢ll continued...
LLANDUDNO F.LDERLY PEOPLE'S WELFARE SOCIETY NOTFS TO THE FINANCIAL STAIEMENtS- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENf IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrleted 3 General fimd 59,472 9,721 69,193 TOTAL FUNDS 59,472 9,721 69,193 Net movement in funds. included in the aEove are as follows: Incoming sources Resources expended Movemenl in funds Unrestrirted funds General fund 35260 (2539} 9.721 TOTAI FRUNDS 35260 (25J39) 9,721 Compi'.ntives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 51.585 7.887 59,472 TOTAL FUNDS 51.585 7.887 59.472 Comparntive net movement in fimds included in the above arc &8 follows: Incoming SoUrS Resource5 expended Movement in funds Unrestricted funds General fund 29.997 (22,110) 7.887 TOTAL FUNDS 29,997 (22,110) 7.887 Page 12 continued...
LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCIETY NOTES TO THE FINANCIAL STATEMENfs- eontinued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued A CUTrent year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 1.422 31.3.24 Unrestric¢ed funds Genera] fund 51585 17,608 69.193 TOTAL FUNDS 51,585 17,608 69,193 A CLwrent year 12 months and prior year 12 months combined net movement in funds, included in the above as follows.. Inwming resources Resources expended Movement in funds Unrestrieted funds General fund 65.257 (47,649) 17.608 TOTAL FUNDS 65,257 (47,649) 17,608 12. RELATED PARTY DISCLOSURES There were no related party trn)sactios for ihe year ended 31 March 2024. Page 13
LLANDUDNO ELDERLY PEOPLE'S WELFARE SOCJETY DETAILED ST ATEMEiYf OF FINANCIAL A1VITIEs FOR THE YEA.R ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS DoD#tions and &egaeles Grants 8861 5.809 Other trading $£tivities Room hire 26J92 24,186 Investment income Deposit account interest Total incoming resources 35260 29,997 EXPENDrruRE Support Costs Management Wages 5,607 5.023 Other Rates and watcf Insurance Light and heal Telqihone Sundries Repairs and Teryewals Catering .525 1,647 3,800 859 1,393 3.668 2.429 1,792 5,680 639 4,170 4591 18,106 15,321 Governance cults Ac¢ountanGy and legal fees Payroll fees Pmfessional Fees 1,172 317 337 1,318 422 26 1026 ,766 Totsl resources expended 25W9 22,110 Net income 9,721 7.887 This page does not fonn part of the slatutory financial statements Page 14