NEUADD DYFI
TRUSTEES, ANNUAL REPORT AND ACCOUNTS
eoverin
the
ear ended
31st March 2024

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

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for the Year Ended 31st March 2024
The committee presents its report and accounts for the year ended 31 st March 2024.
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity Name
Neuadd Dyfi
Charity Registration Number
519879
Correspondence Address
l Abcr Villas, Aberdyfi, LL35 OHR
Trustees
The following have served as trustc¢s during the year and since then:
Megan Reynolds
John Reynolds
David Williams (Vice-chairnian)
D¢smond Brian George (Chairn]an)
Dewi Owen
Trevor Lumley
Anthony John MacGregor-Bowron
Louis Hiatt
Sandy Andrews
Brian Kelly
Gillian Miranda
Jan Rajput
Catrin Oweill
Ian Hcwins

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for the Year Ended 31st March 2024
continued
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is a trust governed in accordance with a lease and trust deed dated 24
December 1986 and amended 15th September 2009.
The trustees are selected from :_
up to six community councillors
two county councillors
eight members of user groups
six interestcd individuals
Thc committee at the first ordinary mccting in each year after the annual general meeting,
elect a chairnian and may elect a vice-chairnian of their mcetings. The chairn]an and
vice-chainnan remain in office until their respective successors are elccted. The Charity,
the Trust Property and the trust fund are administer¢d by the Con]mittee.
OBJECTIVES AND ACTIVITIES
The object of the charity is the provision and maintenance of a village hall for the use of
the inhabitants of the community of Aberdyfi and neighbouring areas without distinction
of political, religious or other opinion, including use for meetings, lectures and classes
and other forn]s of recreation and leisure time occupation with the object of improving
the conditions of life for the said inhabitants.
ACHIEVEMENTS AND PERFORMANCE
As in previous years during 2023 to 2024 the Management Committee has worked to
provide a community resource for a broad spectrum of cojnmunity users,
maintsin, develop and improve our Assets.
Summary of the main achievements of the charity -
Linked in with the roof was the inclusion of 27kw BIPVCO photo voltaic panels. These are
now opcrational, however the problems with gctting the system registered with British Gas
were enorn]ous.
Regular maintenance has continued with additionslreplacement of various pieces of
equipment, such as more tables and a new kitchen hot water system.
Underpinning many of the projects is our 2022 business plan which can be seen on our
website www.neuadddyfi.org. Much of this has grown out of Aberdyfi Community survey.

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for the Year Ended 31st March 2024
continued
ACHIEVEMENTS AND PERFORMANCE (cont. )
Bookings continuc to ￿0W with the hall perforn]ing as it was designed, a venue for a wide
rangc of comrnunity events. Notably wc have had -
Art exhibitions
Criw Celf junior art classes returning
Young fanners Eisteddfod
A number of Arts Council sponsored shows
Community lunches
Aberdyfi Players putting on their 29th pantomime "Trouble in Panto Land"
Drop in centre providing a very welcome safe meeting plac¢ for many
Num¢rous other meetings and events
Financially, we are kn a reasonable position with all roof payments made including the 2.50/0
retention paid.
On 31 st March 2024 we had £16,926 in the deposit account and £1,906 in the CU￿ent
account.
What next?
Continue investigating flattening the floor and installing a new seating system
Review policies and procedures and how the Neuadd Dyfi is managed
Continue to maintain and improve our hall
Things have been happening, mainly positive.
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 thc Aberdyfi Advertising and Improvemcnts Committee and an anlicipated
Community Council precept and donation from the car park. So some room for long
tern] maintenance and buffer for repairs etc
New PV Panels - These continued to perforn] well Producing on averdge about l Ookwh
per day. It was a battle getting them registered with Smart Energy Export scheme. This
rinally completed in the auturnn. We are now earning 15p per kwh (initially 6.4). We
produced about 18,OOOkwh exporting about 16,000. Most bcing produced in the
suii]mer daytime. However, nothing was produced most of December and January into
February as we had an issue with the inverter which was replaced under warranty. Then
a bombshell! British Gas declared that there was an error in the registration and that all
the RHI payments needed to be refunded. At year end a dispute was ongoing.

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for the Year Ended 31st March 2024
continued
ACHIEVEMENTS AND PERFORMANCE (conl. )
Things have been happening, mainly positive (cop7t.) .
The roof - This perforn]s well, noise is reduced and it stays cooler inside longcr on hot
days And no leaks. Sitting in the meeting room there are occasional rumbles but
apparently quitc nornial and a good thing as the roof heats and expands and inevitably
moves.
Bookin
- These Contin￿ to come in at a reasonable rate. We have lost a few such
as Glcc Club and blood donations. The junior art classes continue with their monthly
sessions, Young Fanners Eisteddfod and of course pantomime. Sarah Verity Dance
show was a great success as was a long distance cycle ride rest and feeding point, 150
cyclists went from Cardiff to Menai Bridge and back again via Neuadd Dyfi. We
continue our llnk up with the Arts Council with good audiences, Mid Wales opera and
part of the rural dance initiative. Various shows are booked going into Spring.
* The
arden - Bobby Nickless and Lindy Tallis have been doing a great job with the
garden, the whole place looks cared for at a very modest cost.
ui
ment - The Aberdyfi Players have funded an upgrade of our sound and lighting
control equipment. A new FLX lighting desk and a new Allen and Heath sound desk
with digital stage boxes. Cost £7,500. As part of an outreach project we have been
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 both schools and
additional sound equipment approx. £1 0,000 each. For many years we have helped
them out and youngsters have learned from this and helped at Neuadd Dyfi events and
gone onto careers in the industy. It has always been an awkward process. We would
like to make ftrther additions to our lights to allow more flexibility.
Cleanin
- After a curious replacement cleancr for Kay who never turned up, Clare
Strange has now taken on thc rol¢. She is enthusiastic and very flexible on times, often
coming in at 6 in the morning.
Policies - These are still on the agenda.
Work in hand - Several projects need budgcting for -
New hot water system for the kitchen
Some external and some internal painting and dccoration
Sand and refurbishmcnt of the two wooden floors
Future
ro
ects - Flattening the main hall needs some seTiOUS consideration, open for
other ideas. Having done front of house for the pantomime I can definitely see that
improvements can be made.

NEUADD DYFI
TRUSTEES, ANNUAL REPORT
for the Year Ended 31st March 2024
continued
ACHIEVEMENTS AND PERFORMANCE (cont. )
Things have been happening. mainly positive (cont.) .
The environmental audit done with the help of Cympas and funding through Social
Business Wales WRM Ltd h&$ produced some policies and targets for improving
operations. There is also the Plastic Fre¢ Aberdyfi initiative that I as chair would
like the users of the hall to work towards achieving. None of these are a quick fix.
FINANCIAL REVIEW
The Statement of Financial Activities shows total income of £34,983 and expenditure
of £50,739 resulting in net expenditure £15,756. The unrestricted funds show a surplus of
£9,21 O and thc restricted fLmds show a loss of £24,966.
Capital expenditurc during 2024 was £7.010 (2023 - £279,619).
PUBLIC BENEFIT STATEMENT
In exercising their powers the trustees have complied with their duty to have due regard
to the guidance on public benefit published by the Charity Commission.
ge(C
an)
o/

NEUADD DYFI
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
for the Year Ended 31st March 2024
I report on the accounts of the charity for the year ended 31 st March 2024, which are set out on
pages 7 to 12.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AI¥D EK4MINER
The charÉty's trustees are responsible for the preparation of the accounts. The charity's
trustees consider that an audit is not required for this year under scction 144 of the
Charities Act 2011 (the Charities Act) and that an indcpendent examination is necded.
It is my responsibility to:
Fxamine the accounts under section 145 of the Charities Act,
To follow the procedures laid down in the g¢neral Directions given by thc Charity
Commission (under section 145(5)(b) of the CIMrities Act), and
To state whether particular mattcIs have come to my attention
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with the general Directions given by the
Charity Commission. An examination includcs a review 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 items 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 vÉew' and the report
is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no material matters have come to my attention
which gives me 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 forni
and contcnt of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts giv¢ a 'true and
fair, view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other mattcrs in com]ection with the
examination to which attention should bc drawn in this report in order to enable a proper
understanding of the accounts to be reached.
R W Evans Bsc Econ(Hons), FCCA
Major and Evans,
Chartered Certificd Accountants,
15 Penrallt Street,
Machynlleth,
Powys.
Date .

NEUADD DYFI
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31st March 2024
Restricted
Income
funds
Unrestricted
funds
Total
funds
2024
Total
funds
2023
Notes
INCOME
Grants and Awards
Donations
Premises Hire
Sale of Electricity
Cultural 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
Cleaning
Internet
Licences and Subscriptions
Insurance
Sundry Expenses
rinancial Fees and Charges
Accountancy
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
1,932
565
401
4,182
183
180
1,000
3,408
680
25,605
126
1,000
4,556
126
1,000
4,556
24,966
24,966
Total expenditure
25,773
24,966
50,739
54,182
NET INCOMEI(EXPENDITURE)
9210
(24,966)
(15,756)
229,955
TOTAL FUNDS BROUGHT FORWARD
97,233
728,789
826,022
596,067
TOTAL FUNDS CARRIED FORWARD
106,443
703,823
810,266
826,022

NEUADD DYFI
BALANCE SHEET
as at 31st March 2024
2024
2023
Notes
FIXED ASSETS
Tangible Assets
789,749
807,705
CURRENT ASSETS
Debtors
Cash 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
after more than one year
NET ASSETS
810,266
826,022
FUNDS OF THE CHARITY
Unrestricted Funds
Restricted Income Funds
106,443
703,823
97,233
728,789
810,266
826,022
Signed by the following tn]stees on behalf of all the trustees:
Signatur
Print Name
Date of Approval

NEUADD DYFI
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024
l. Basis of Accounting
These accounts have been prepared under the historical cost convention with items recognised at cost
or transaction value.
The accounts have been prepared in accordance with
the Statement of Recommended Prnctice '. Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102)
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS102)
and with the Charities Act 2011
The charity constitutes a public benefit entity as defjned by FRS 102.
2. Accounting Policies
a) Income
This is included in the Ststement of Financial Activities (SOFA) when
the charity becomes entitled to the resources.
it is more likely than not the trustees will receive the resources and
the rnonetary value can be measured with sufficient reliability
There has been no offsctting of income and expenses.
b) Expenditure rdnd Liabilities
Liabilities are reCO￿lised where it is more likely than not that there is a legal or constructive
obligation committing the charity to pay out resources and the amount of the obligation can be
measured with reasonable certainty.
c) Assets
Tangible fixed assets are ststed at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets less their estimated residual value over their
expected useful lives as follows .
i) Freehold Buildings
2 % per annum straight line basis
ii) Fixtures, Fittings and Equipment
3 % per annum straight line basis
iii) FixtUTes, Fittings and Equipment 15 % pcr annum reducing balance basis

NEUADD DYFI
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024
3. Grants and Awards
2024
2023
Reslricted
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
Restricted
Richard Williams Trust
Richard Roberts Trust
Aberdyfi Advertising and Improvements Committee
Unrestricted
Aberdyfi Community Council
Aberdyfi Advertising and Improvements Con)mittee
Others (up to £1,000 each)
4,091
5,000
1,186
4,894
5,000
1,064
10,277
10,958
io

NEUADD DYFI
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024
5. Tangible Fixed Assets
Fixtures,
Freehold Land Fittings 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
Charged in Year
82,033
12,913
94,946
95,817
11,943
107,760
380
110
490
178,230
24,966
203,196
At 31st March 2024
550,700
238,827
222
789,749
The land and buildings known as Neuadd Dyfi, Aberdyfi is vested in the Official Custodian
for Charities.
Neuadd Dyfi is insured for £2,038,234 which is an estimate of its replacement cost.
6. Debtors
2024
2023
Premises Hire
Insurancc Prepayment
391
2,771
2,685
2,685
3,162
7. Creditors: amounts falling due within one year
2024
2023
Trade Creditors
Accruals
37
1,000
1,000
1,000
1,037

NEUADD DYFI
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024
8. Restricted Income Funds
The only restricted income fund is the Neuadd Dyfi Redevelopment Project.
9. Analysis of Net Assets Between Funds
Unrestricted Restricted
Funds
Funds
Total
Fixed Assets
Net Current Assets
Creditors due in more than one year
789,749
(85,926)
789,749
20,517
106,443
Total Net Assets
106,443
703,823
810266
12-