NEUADD DYFI
TRUSTEES, ANNUAL REPORT AND ACCOUNTS
cov¢rin the
ear ended
31st March 2024

NEUADD DYFI
CONTENTS
Page
TRUSTEES, ANNUAL REPORT
IIYDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE ACCOUNTS
9-12

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for the Ye
Ended 31st March 2024
The committ¢e presents its report and accounts for the year ended 31 st March 2024.
REFERENCE AND ADMINISTRATIVE INFORMATJON
Charity Name
Neuadd Dyfi
Charity Registration Number
519879
Correspondence Address
l Aber Villas, Ab¢rdyfi, LL35 OHR
Trustees
The following have served as Irustees during the year and since then:
Megan Reynolds
John Reynolds
David Williams (Vice-Chairn)an)
Desmond Brian George (Chaim]an)
Dewi Owen
Trevor Lumley
Anthony John MacGregor-Bowron
Louis Hiatt
Sandy Andrews
Biian K¢lly
Gillian Miranda
Jan Rajput
Catrin Oweill
lan Hewins

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for Ihe Yegr Ended 31st March 2024
eontinmed
STRUCTURE GOVERNANCE AND MANAGEMENT
The eharlty is a trust governed in accordance with a lease and trust deed dated 24
December 1986 and amended 15th Septemlxr 2009.
The Iruslees are selected from :_
up to six Community councillors
two county councillors
eight members of user groups
six interested individuals
Th¢ committee at the first ordinary meeting in each year after the annual g¢neral meeting,
elect a chairn]an and may elect a vice-chairnlan of their meetings. The chainnan and
vice-chaim)an remain in office until their respective successors are elecied. The Charity,
the Trust Property and the trust fund are administered by the Committee.
OBJECTIVES AND AcfiviTJES
The object of the charlty is the provision and maintenance of a village hall for the use of
the inhabitants of the community of Aberdyfi and neighbouring areas withoui distinction
of political, religious or other opinion, including use for meetings, lectures and classes
and other fornis of recreation and leisure time occupation wilh the object of improving
the condilions of life for th¢ said inhabitants.
ACHIEVEMENfs AND PERFORMANCE
As in previous years duTing 2023 to 2024 the Management Committee has worked to
provide a community resource for a broad speclrum of community users,
maintain. d¢velop and improve our Assets.
Summary of ihe main achieven]ents of Ihe charity -
Link¢d in with the roof was the inclusion of 27kw BIPVCO photo voltaic panels. These are
now o￿TatiOnal, however the problems with getting the system registered with British Gas
were enormous.
Regular maintenance has continued with addition￿replaCeMent of various pieces of
equipment. such as more tables and a new kitchen hot water system.
Unde￿I￿ning many of the projects IS OUT 2022 business plan which be seen on our
website www.neuadddyfi.org. Much of this has grown out of Aberdyfi Community survey.

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for Ihe Year Ended 31st March 2024
continued
ACHIEVEMEI¥TS AND PERFORMANCE (cont. )
Bookings continue to grow with the hall p¢rforniing as it w&5 designed. a venue for a wide
rang¢ of community events, Notably we have had -
Art exhibitions
Criw Celf junior art classes returning
Young fam]¢rs Eisteddfod
A number of Arts Council sponsored shows
Community lunches
Aberdffi Players putting on their 29th pantomime "Trouble in Panlo Land"
Drop in centre providing a very welcome safe meeling place for many
Numerous other meetAngs and events
Financially, we are in a reasonabl¢ position with ail roof payments made including the 2.50/0
retention paid.
On 31st March 2024 w¢ had £16,926 in the deposit account and £1,906 in the current
account.
What next?
Continue investigaling flatt¢ning the floor and installing a new sealing system
Review policies and procedures and how the Neuadd Dyfi is managed
ContTnue to maintain and improve our hall
Things have been happening. mainly positiv¢.
Finance - The 2023 accounts were examined by Major and Evans and were submitted
to the Charity Commission. We have benefitted from an annual donation of £5,000
from the Aberdyfi Advertising and Improvements Committee and an anticipated
Community Council precept and donation from tb¢ ¢ar park. So some room foT long
terni maintenance and buffer for repairs etc
New PV Panels - These continued to perfonn well producing on average about IOOkwh
per day. It was a battIe getting them registered with Srnart Energy Export scheme. This
finally completed in the autumn. We are now ¢aming 15p per kwh (initially 6.4}. We
produced about 18,OOOkwh exporting about 16,000. Most Eting produced in the
swi]mcr daytime. Howev¢r. nothing was produced most of December and January into
February as we had an issue with the inverter which was replaced under wa￿antY. Then
a bombshell! British Gas declared that there was an error in the registration and that all
the RHI paym¢nts needed to be refunded. Ai year end a dispute was ongoing.

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for the Year Ended 31st March 2024
continued
ACHTEVEMENTS AND PERFORMANCE (conl. )
Things have been happening, mainly positive (cont.) .
The roof - This perforn)s well, noise is r¢du¢ed and it stsys cooler inside longer on hot
days and no leaks. Sitting in the meeting room there are occasional rumbles but
apparently quite norn]al and a good thing as the roof heats and expands and inevitsbly
moves.
Bookin
- These continue lo come in at a reasonable rate. We have lost a fcw such
as Glee Club and blood donalions. The junior art classes Continue with their monthly
sessions, Young Farniers Eisteddfod and of course pantomime. Sarah Verity Dance
show was a great success as was a long dislance cycle ride rest and feeding point, 150
cyclists went from Cardiff to Menai Bridge and back again via Neuadd Dyfi. We
continue our link up with the Arts Council with good audIe￿¢S, Mid Wales opera and
part of the rural dance initiative. Various shows are booked going into Spring.
The
aTden - Bobby Nickless and Lindy Tallis have been doing a great job with the
gardell. the whole place looks cared foi at a very modest cost.
ui
ment - The Aberdyfi Players have filljded an upgrade of our sound and lighting
control equipment. A new FLX lighting desk and a new Allen and Heath sound desk
with digital slage boxes. Cost £7,500. As part of an outreach project we have be¢n
working with the two Tywyn schools who have invested in some lighting bars and
sound circa. We have had a company install two lighting bars at bolh schools and
additional sound equipment approx. £10,000 each. For many years we have helped
them out and youngslers have learned from this and helped at NeLMdd Dyfi events and
gone onto careers in the industry. It has always been an awkward proc¢ss. We would
lik¢ to make further additions to OUT lights to allow n]ore flexibility.
Cleanin
- After a curious replacement cleaner for Kay who never turned up. Clare
Strange has now taken on the role. She is enthusiastic and very tlexible on limes, often
coming in at 6 in the moming.
Policies - These are still on the agenda.
Work in hand- Sev¢ral projects need budgeting for-
New hot water system for the kitchen
Some extemal and some internal painting and decoration
Sand and refurbishment of the two wooden floors
Future ro ecls - Flattening the main hall needs some serious consideration, open lor
other ide&8. Having done front of hous¢ for the pantomime l can definitely see that
improvemenls can be made.

NEUADD DY
TRUSTFES, ANNUAL REPORT
for the Year Ended 31st March 2024
continmed
ACHIEVFMENTS AND PERFORMANCE (cont. )
Things have been happening, matnly positivc (conl.) .
The environmental audit done with the help of Cympas and funding througb Social
Business Wales WIiM Ltd has produc¢d some policies and targets for improving
operalions. There is also the Plastic Free Aberdyfi initiative that l as chair would
like the US¢TS of the hall to work towards achieving. None of these ar¢ a quick fix.
FINANCIAL REVIEW
The Statement of Financial Activities shows total income of £34,983 and expenditure
of £50,739 resulting in net expendtture £15.756. The unrestricted funds show a surplu5 of
£9,210 and the restricled funds show a loss of £24.966.
Capital exp¢nditure during 2024 was £7.010 (2023 - £279,619).
PUBLIC BENEFIT STATFMENT
In exercising th¢ir powers the trustees have complied with their duty to have du¢ regard
to the guidance on public benefit published by the Charity Commission.
e(C
an)
o/

NEUADD DYFI
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
for the Year Ended 31st Mareh 2024
I report on Ihe accounts of the charity for the year ¢nd¢d 3 1st March 2024, which are set out on
pages 7 to 12.
RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for th¢ preparation of the accounts. The charity's
trustees consider thal an audit is not required for this year under s¢¢tion 144 of the
Charities Act 2011 (the Charities Act) and that an independenl examination is necd¢d.
It is my responsibilily to:
Examine the accounts under s¢ction 145 of the Charities Act,
To follow the procedures laid down in the general Directions given by th¢ Charlty
Cornmission (under section 145(5){b) of the Clwities Act), and
To state whether particular matters have come to my attention
BASIS OF JNDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accoraance with the general Directions given by the
Charity Commission. An examination includes a T¢view of the accounting records kept
by the charity and a comparison of the accounts presented with those records. It also
includes consideration of any unusual ilems or disclosures in the accounts, and seeking
explanations from the trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit and consequently no
opinion is given as to whether the accounts present a 'true and fair view and the report
is limited lo ihose matt¢rs set out in the statement below.
INDEPENDENT EX4MINER'S STATEMENT
In connection with my examination, no material matters have corne to my attention
which gives m¢ cause to believe that in, any material respect .
the accounting records were not kept in accordance with section 130 of the
Charities Act. or
the accounts did not accord with the accounting records. or
the accounts did not comply with the applicable requirements concerning the forn]
and content of a¢counts 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 nol a rnatteT considered as part of an independenl ¢xaminatton.
I have no concerns and have come across no other matters in conn¢ction with the
examination to which attention should be drawn in this report in order to enable a proper
understsnding of the a¢counts to be reached.
vans Bsc Fcon(Hons), FCCA
Major and Evans,
Chartered Certified Accountants,
15 Penrallt Street,
Machynlleth,
Powys.
Date .

NEUADD DYFI
STATEMENT OF FINANCIAL ACTlVtTIES
for the Year Ended 31st March 2024
Reslrieted
Ineome
funds
Unreslrieted
funds
Total
funds
2024
Total
funds
2023
Notes
INCOME
Grants and Awards
Donalions
Pr¢mises Hire
Sale of El￿trICity
Cu]tural Event Income
Bank Interest
250,648
10.958
14,565
1.788
5,926
252
10,277
13.361
5,213
5,890
242
10,277
13.361
5,213
5,890
242
Total income
34.983
34,983
284,137
EXPENDITURE
Water
Electricity and Gas
Repairs, Renewals and Maintenance
Cl¢aning
Internet
Licences and Subscripiions
Insurance
Sundry Exp¢nses
Financial Fees and Cliarges
Aecountancy
Cultural Event Costs
Community Needs Survey
Depreciation
551
7,430
4.347
2,257
731
928
3,847
551
7,430
4,347
2,257
731
928
3,847
527
6.343
9,176
,932
565
401
4.182
183
180
126
1,000
4,556
126
1,000
4,556
3,408
24,966
24,966
25,605
Total expenditure
25,773
24,966
50,739
54,182
NET INCOMEI(EXPENDITURE)
9,210
(24,966)
(15,756)
229,955
TOTAL FUNDS BROUGHT FORWAIU)
97,233
728,789
826.022
596,067
TOTAL FUNDS CARIUED FORWARD
106,443
703,823
810,266
826,022

NEUADD DYFI
BALANCE SHEET
as at 315
rch 20
2024
2023
Notes
FIXED AS.SETS
Tangible Assets
789,749
807,705
CURRENT ASSETS
Debtors
C￿h at bank
2,685
18,832
21,517
3.162
16,192
19.354
CREDITORS . amounts falling due
within one year
(1.000)
(1,037)
NET CURRENT ASSETS
20,517
18,317
TOTAL ASSETS LESS CURRENT LIABILITIES
810.266
826,022
CREDITORS: amounts falling due
aft¢r more than one year
NET ASSETS
810,266
826,022
FUNDS OF THE CHAIUTY
Unrestricted Funds
Restricted Income Funds
106.443
703,823
97,233
728,789
810,266
826,022
Signed by the following t￿￿teeS on behalf of all the trustees:
Signatu
Print Name
Date of Approval

NEUADD DYFI
NOTES TO THE FINANCIAL STATEMENTS
for the Yea
nded 31st
Vdreh 2024
l. Basis of Accounting
These accounts hav¢ been prepared under the htstorical cost convenlion with it¢ms recognised at cost
or transaction valu¢.
The accounts have been prepared in accordance with
the Sthternent of Recommended Practic¢ . Accounting and Reporting by Charities preparing
their accounts in accordance with the Financtal Reporting Slandard applicable in the UK and
Republic of Ireland (FRS102)
the Financial Reporting Siandard applicable in the United Kingdom and Republic of Ireland
(FRS102}
and with the Charities Act 2011
The charity constitutes a public benefit entity as defined by FRS102.
2. AccouDting Policies
a) Income
This is included in the Slat¢ment of Financial Activities (SOFA) when
the charity becomes entitled to the resouwes,
it is more likely than not the trust¢es will receive the resources and
the rnonetary value can b¢ measured with sufficient reliability
There has been no offsetting of income and expenses.
b) Expenditure aDd Liabilities
Liabiltties are recognised where it is more likely than not thai there is a legal or constructive
obligation conllnitting the charity to pay out reSou￿¢S and the amount of the obligation can be
measured with reasonable certainty.
e) Assets
Tangibl¢ fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets less their estimaled residual value over their
expected useful lives as follows .
i) Freehold Buildings
20/0 per annum straight line basis
ii) Fixtures, Fittings and Equipment . 30/0 per annum slraight line basis
iii) Fixtures, Fittings and Equipment 150/0 per annum reducing balance basis

NEUADD DYFI
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024
3. Grants and Awards
2024
2023
Restricted
DTA Wales
Welsh Government - Community Facilities
648
250,000
250,648
Unrestricted
Gwynedd Council Business Grant (Covid)
Others (up to £1,000 each)
4. Donations
2024
2023
Re8tri¢ted
Richard Williams Trust
Richard Roberts Trust
Aberdyfi Advertising and Improvements Committee
Unrestrlcted
Aberdyfi Community Council
Aberdyfi Advertising and Improvements Committee
Others {up to £1,000 each)
4,091
5.000
1,186
4,894
5,000
1,064
10.277
10,958
10-

NEUADD DYFI
NOTES TO THE FINANCIAL STATEMENTS
r the Year Ended 31stMarch 2024
5. Tallgible Fixed Assets
Fixtures,
Freehold L9nd Filtings and Computer
and Buildings Equipment Equipment
Total
Cost
At I st April 2023
Expenditure in Year
645,646
339,577
7,010
346.587
712
985,935
7.010
992,945
645.646
712
Depreciation
At 1st April 2023
Charg¢d in Year
82,033
12,913
94,946
95,817
11,943
107.760
380
iio
490
178,230
24,966
203,196
At 31st MArch 2024
551).700
238,827
222
789,749
The land and buildings known as Neuadd Dyfi, Aberdyfi is v¢sted in the oificial Custodian
for Charities.
Neuadd Dyfi is insured for £2,038,234 which is an estimate of its r¢placem¢nt cost.
6. Debtors
2024
2023
Premises Hire
Insurance Prepayment
391
2,771
2,685
2,685
3,162
7. Creditors: amounts falling due within one year
2024
2023
Trade CTeditors
Accruals
37
1,000
1,000
1,000
,037

NEUADD DYFI
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31stMareh 2024
8. Restrieted Income Funds
Th¢ only restricted incom¢ fund is the N¢uadd Dyfi Redevelopment Project.
9. Analysis of Net Assets Belween Funds
Unr¢strieled Restricted
Funds
Funds
Totrdl
Fixed Assets
Nei Current Assets
Creditors due in more than one year
789,749
(85,926)
789,749
20,517
106,443
Totsl Net Assets
106,443
703023
810266
12