CHARITY REGISTIL4TION NUMBER: 517373 Torf#en Community F.nterprige$ Associ*tion Actounts for the year Ended JI {reh 2024 O'Brien & Partners Aceouniants & Business Advisors I l Nclv S¢reei PUnthe'dd LwThbTan NP44 IEr
Torfaen Community Enterprises Assoeiation Contents of the FinanelAI Statements for the Year Ended 31 March 2024 P8ge St8tement uf Trustet5' Responsibililies Independent Examiner's Report Receipts and Paymertts Aecount S¢*lement of Aets and LiAbilitie$ ote8 to the Trinon£iAI.SIMi¢ment5
TorfAen Community Enterprises Assoei#tion Trustees, Responsibilities Statement for the Year Ended 31 M¥rch 2024 Charity law requires the trustees to prepar¢ r¢¢¢ipts and paym¢nts accuuni and a statement of assets and liabilitics for each financial year which give a trne and fair view of (he state olaffairs of th¢ charity and of the receipts and paymertls of the ehari(y for that period. In prcpwing these financial statemcnts, the trustees r¢quired to.. 5el¢ct Suitable accounting policics and then apply thern consistently; mak¢ judgcments and accounting estimates thai are reasonable and prudent,. and sthte wh¢ther the policies adopted in aecordance with the appropriate SORP on A¢¢ounting by Charities and the Accountin8 Regulations and with applicable aecounting standards. subjeLI Lo any inaterial departure and explained in th¥ rinanciyl statements. The trustees are responsible for keeping adequate accounting records thai are sufficieni io show and explain the charity's Iransaction5 and di8close with reasonable accuracj. at any lime the financial position ofthc compan). and enabl¢ th¢m u) ensurc thui ihe financial siaiemenLs c()mply w'ith applicable Accounting Svdndards and Siatements of Recommended Praciice and the regulation5 rnade undcr 544 of the Charities Act 1993. They arc also rcspunsible for sufe&udrding the asseLS of the charity ond henc¢ fur iuking reasonable steps for the prevention and dete¢iion of fraud and other legUlarLtIcs. TRIIS-I'b.F.S The (ruse8 sho%%n below have hcld office during the whole of the period from l April 2023 10 the date of ihis report. B J Cunningham MBF. K8C, S J Br(xik5 KSS JP lappoinled 7 November 20231 Other ¢hang¢s in direL(ors holding uffi¥¢ are as follows.. T A Matthews MBE- resign¢d Octob¢r 2023 ON B Tr:IIALF ()Tr -I'IIL BOARI): BJCU ninghwn MBE KSG. TnLsIcc Datc.. 30 10.34 Page
Torf¢n Community Enterprlses Association Independent Examlner'5 R¢port To The Trustees of Torfaen Communlty Enterprlses Assoclatlon I report on the accounts of thc charity for the year end&J 31 March 2024. which are set out on pages 3 to 5. Re5peetive responsibilities of the lrnsl¢e5 exAmin¢r As des¢ribed in the trustecs. respansibiliiies not¢ on pag¢ 2. the trustccs are responsible forth¢ pr¢paration ofthe accounts ift accordance with applicable law and United Kingdom A¢¢ounting Standards. The trnstC¢5 consider that the company is exempt from audit under s43121 of the Charities Act 1993 and thai an independent cxaminjtion is needed. It is my resrMTrnsibility to.. cxamin¢ th¢ accounts und¢r $43 of the Charities Acl 1993. follow the procedure5 laid in the General Direetions given by th¢ Chority Commi%sion under s43{7)(b) of the Charities Act 1993,. and state whether particular matteTS hav¢ come to my atterttion. BASIS of independent exmin¢r'$ report My examination was carri¢d out in accordance 1th the General Direcrions given by the Charity Commission. An examination includ¢5 review of the a¢couniing record5 kept by the chariiy and a comparison orth¢ accounts prescnted with thos¢ r¢¢ords. li also includ¢s consideration of any unusual items or disclosurcs in th¢ a¢¢ounts and seekin8 explanations from you trustees conc¢ming sueh matt¢rs. The procedures undertaken do noi provide all ¢vidence that would bc r¢quired in an audit and ¢fjns¢quently no opinion is given as to whether the accounts presen¢ a 'true and fair view. and th¢ report is limited lo Ihose matlers 5¢1 ()ul in the next stal¢mcnt. Independent examiner's siAtement In connection with my examinalion. no matter has come ¢0 my ottention.. which 8ives me reasonablc cause (o believe that in any material respect the requir¢ments'. to keep accounting records in accordance with s41 of th¢ Charities Act 1993., and to preparc a¢wunts ¥thich accord with the accountin8 records, comply with the aeeounlin8 requirements of the CharitlLS Act 1993. hav¢ not been mel or to wthich, in my opinion, attention should be drawn in order lo elble a proper understanding of the accounts lo be reached. D JoThe$ FCA Independent Examiner O'Brien & P*rtnerJ I l New Street Pontnewydd Cwmbran NP44 IEE Date.. Page 2
Torfxen Community Enterprises Assoclation St*tement of Receipts and Payments ror the Year Ended 31 March 2024 2024 202 Recelpts Sales and similar income 36,260 25,907 Payments Purchases for re5al¢ Water rates Insuran¢¢ Li8hi and heal Mana8Lment charge Subscription Accountancy Rcpairs SundriLs ilank charges 22,137 364 681 2,430 4,OOU 50 396 1,972 16,297 344 969 776 50 360 1,800 101 316 337 Excess of income over expendityre 3.893 4.893 Bank and cash at l Aprll Surplus for the year Change In stock Change In debtors Change in tredltors 4.452 3,1193 {960) (1,8431 500 1,930 4,893 (2,589) 2111 BAnk and ¢ash at 31 Mg4rch 6.042 4.452 Page 3
Torfxen Community Enterprises A55OClation Statement of A55ets and Liabilities As 8t 31 M*rch 2024 2024 2023 Assets StoLk of goods for resale Prepayments Cash at bank &rtd in hand 5,932 4,972 6,042 13,817 9.424 LiRbilities Accruals & other creditors 651 651 Net Assets 8.773 The company is cntitl¢d to excmpiion from for the year ended 31 March 2024. Thc financial .%14ltemenis werc Hpproved by the Board of Direciors and authorised for issue on Signed on its behalf by.. 30 1 O:.¢2.4........ and were BJC ningham MBE KSG- Trusi¢¢ S J Elruo P - TNstee The notes forni part of these financial statements Page 4
Torfaen Community Enterprises As50Ciation Notes to the Financial Statements for the Year Ended 31 March 2024 STA TIITORY INFORMATIOIN Torfaen Community F,nterprises Associaiion is gistered with thc Charily Commission. The r¢gistered Ol¢e is 32 Gw¢nt Square, Cwmbran, Torfaen. NP44 IPL. ACCOIINTING POLICIES Basis of Preparing the finaneial stllements I'hese financial stat¥m¢nLs. have been prcpar¢d in accordance with FRS 102 "Thc Finan¢itLI Reporting Standard applicable in th¢ UK and Republic of Ireldnd" I'FRS 102,1. The disclosure rcquirements of section IA of FRS 102 have been applied other than wh¢r¢ additional disclosur¢ is r¢qu2red to sho. a tn]c and fair view. Receipts Revenue for the provisiort of services is recognised when the comp41ny is legally entiiled to it after any perforniance condition5 hjve been meu the amounts can be me&sured reliably. and the money has been received. Work in progr¢ss is valued al the low¢r of c05t and nei realisable value. Pa8c 5