NEUADD DYFI TRUSTEES, AI¥NUAL REPORT AND ACCOUNTS coverin the ear ended 31st March 2025
NEUADD DYFI COINTENTS Page TRUSTEES, ANNUAL REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALAIYCE SHEET NOTES TO THE ACCOUNTS 9-11
NEUADD DYFI TRUSTEES, ANNUAL REPORT for the Year Ended 31st March 2025 The committee presents its report and accounts for the year ended 31 st March 2025. REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name Neuadd Dyfi Charity Registration Number 519879 Correspondence Address l Aber Villas, Aberdyfi, LL35 OHR Trustees The following have served as trustees during the year and since then: Megan Reynolds John Reynolds David Williams (Vice-chairnian) Desmond Brian George (Chairman) Dewi Owen Trevor Lumley Anthony John MacGregor-Bowron Louis Hiatt Sandy Andrews Brian Kelly Gillian Miranda Jan Rajput Catrin Oweill Ian Hewins
NEUADD DYFI TRUSTEES, ANNUAL REPORT for the Year Ended 31st March 2025 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 interested individuals "rhe committec at thc first ordinary meeting in each year after the annual general meeting. elect a chairnian and may elect a vice-chairnian of their meetings. The chairman and vice-chaimian remain in office until thcir rcspectivc successors are elected. The Charity, the Trust Propety and the trust fund are administered by the Committee, 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 neighbollring areas without distinction of political, reIigious or other opinion, including use for meetings, lectures and classes and other fomis 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 2024 to 2025 the Management Committee has worked to provide a community resource for a broad spectrum of community uscrs, maintain, devclop and improvc our Assets. Things have bc¢n happcning, mainly positive - Finance On 31 st March 2025 we had £16,859 in the deposit account and £8,189 in the cuent account. We have benefitted from an annual donation of £5,000 from Aberdyfi Advertising and Improvements Committee and £4492 from Aberdyfi Community Council. Without these funds we would have just about broken even on running costs with no funds left for development. So some room for long terni maintenance, a buffer for repairs and an opportunity to plan further developments.
NEUADD DYFI TRUSTEES, ANNUAL REPORT for the Year Ended 31st March 2025 continued ACHIEVEMENTS AND PERFORMANCE (cont. ) Things have been happening, mainly positive (cont.) . New PV Panels These continue to perforn] well, producing on average about l Ookwh per day during the summer. We are now earning 15p per kwh (initially 6.4). We produce about 18,OOOkwh exporting about 16,000, most being produced in the summer daytime. The inverter problem reported last year was resolved by a replacement only to fail again in the autumn. This coincidtng with a thunderstonn may have been of some significance. As a cautionary procedure and at some expense we have replaced it with surge protection devices. To date there are no recurrent issues. So for this financial year we have made £4,921 from the Feed in Tariff and Smart Energy export. We have also used quite a lot of the energy generated. Bookings These continue to corne in at a reasonable rate. Blood donations reported last year as lost are returning later in the year. The Art Society continues to flourish with building membership. Gwynedd Adult LKarning has hosted two Life Drawing" classes. Lip reading classes have proved very popular and beneficial as have stretch and balance classes. Equally, the junior art classes continue with their monthly sessions. During the winter, the Young Fam]ers eisteddfod and their pantomiEne competit20n. The long-distance cycle ride rest and feeding point, 150 cyclist's rode from Cardiff to Menai Bridge and back again via Neuadd Dyfi. There have been a number of "significant" birthdays and wedding anniversary celebration events. We continue our link up with the Arts Council with good audiences most of the time but one disappointment resulting in cancellation. Independent production company Hotbuckle brought Pride and Prejudice to rapturous acclaim and Circus Raj returned in the summer with feats of daring do. Autumn saw an eclectic mix of Mid Wales Opera and Bobby Kennedy experiences and best of all, Elvis Presley entertained us in Blue Hawaii. In February, Aberdyfj Play¢rs celebrated their 30th anniversary with a Gala perfornlance revisiting the script they did in 1994. The highlight was some of the original cast reliving their experiences with three generations of the same family on stage at the same time. A triumph. The Garden Bobby Nickless and Lindy Tallis continue doing a great job with the garden, the whole place looks cared for at a very modest cost. It was with sadness that Stom Darragh brought down our mimosa tree planted by Cyril Fowles, the Royal Horticultural Socjety's advice was to leave it as it might recover.
NEUADD DYFI TRUSTEES, ANNUAL REPORT for the Year Ended 31st March 2025 continued ACHIEVEMENTS AND PERFORMANCE (cont. ) Things have been happening. mainly positive (cont.) . Equipment The Aberdyfi Advertising and Improvements Committee havc funded an llpde of some of our theatre lights creating a more flexible pool of lights that we takc to thc two Tywyn schools. For many years we have helped them out and youngsters who have learned from this helped at Neuadd Dyfi events and have gone onto careers in the industy. Cleaning Clare Strange continues in the role. She is enthusiastic and very flexible on times often coming in at six in the morning. Husband Rob comes in and helps with some heavy lifting. Policies These are still on the agenda. Work Done New hot water system for the kitchen. Work in Hand Several projects need budgeting for - some external and some internal painting and decoration sanding and Tefurbishment of thc two wooden floors website development, with the assistance of Gwe Cambrian Web we have started designing a new website which will bc bilingual ethernet upgrad¢ Future Projeets Flattening the main hall continues to be researched. Our architects are exploring the possibility of combining it with a modest extension to provide a reception area and bar. Their first design was for a complete remodelling of the existing entrance and shifting the kitchen, this was deemed to complicated and expensive so we scaled it back.
NEUADD DYFI TRUSTEES, ANNUAL REPORT for the Year Ended 31st March 2025 continued FINANCIAL REVIEW The Statement of Financial Activities shows total income of £56,909 and expenditure of £65,813 resulting in net expenditure £8,904. The unrestricted funds show a surplus of £8,023 and the restricted funds show a loss of £16,927. Capital expenditure during 2025 was £9.744 (2024 - £7,010). 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. orge (C irnian)
NEUADD DYFI INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES for the Year Ended 31st March 2025 I report on the accounts of the charity for the year ended 31 st March 2025, which are set out on pages7to 11. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The ChIty'S trustees are rcsponsible for the preparation of the accounts. The charity's tnL8tees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the Charitics Act, To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and To state whether particular matters have come to my attention BASIS OF INDEPENDENT EXAMINER'S STATEMENr My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes 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 view, 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 . thc accoullting 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 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. I hav¢ no concerns and have come across no other matters in connection with the examination to which attention should be 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 Certified Accountants, 15 Penrallt Street, Machynlleth, Powys. Date .
NEUADD DYFI STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2025 Restricted Income funds Unrestricted funds Total funds 2025 Total funds 2024 Notes CO]KE Donations Premises Hire Sale of Electricity Cultural Event Income Bank Interest 11,996 15,821 4,921 15,188 289 8,694 20.690 15,821 4,921 15,188 289 10,277 13,361 5,213 5,890 242 Total income 48,215 8,694 56,909 34,983 EXPENDITURE Water Electricity and Gas Repairs, Renewals and Maintenance Cleaning Intemet Licences and Subscriptions Insurance Sundry Expenses Financi(il Fees and Charges Accountancy Cultural Event Costs Community Needs Survey Depreciation 603 6,966 8,237 2,887 1,274 1.377 4,284 603 6,966 8,237 2,887 1,274 1,377 4,284 551 7,430 4,347 2,257 731 928 3,847 678 1,000 12.886 678 1,000 12,886 126 1,000 4,556 25.621 25,621 24,966 Total ¢xpenditure 40,192 25,621 65.813 50,739 NET INCOMEI{EXPEI¥DITURE) 8,023 (16,927) (8,904) (15,756) TOTAL FUNDS BROUGHT FORWARD 106,443 703,823 810,266 826,022 TOTAL FUNDS CARIUED FORWARD 114,466 686,896 801,362 810,266
NEUADD DYFI BALANCE SHEET as at 31st March 2025 2025 2024 Notes FIXED ASSETS Tangible Assets 773,872 789,749 CURRENT ASSETS Debtors Cash at bank 3,441 25,049 28,490 2,685 l8,832 21,517 CREDITORS . amounts falling due within one year (1,000) (1,000) NET CURRENT ASSETS 27.490 20,517 TOTAL ASSETS LESS CURRENT LIABILITIES 801,362 810,266 CREDITORS: amounts falling due after more than one year NET ASSETS 801,362 810266 FUNDS OF THE CHARITY Unrestricted Funds Restricted Income Funds 114,466 686,896 106,443 703,823 801,362 810,266 Signed by the following trustees on behalf of all the trustees: Signature Print Name Date of Approval
NEUADD DYFI NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March 2025 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 Practice . 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 Rcporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102} and wÉth the Charities Act 2011 The charity constitutes a public benefit entity as defined by FRS 102. 2. Accounting Policies a) Income This is Kncluded in the Statement 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 th¢ monctary value can be measured with sufficient reliability Thcre has bcen no offsetting of income and expenses. b) Expenditure and Liabilities Liabilities are recognised wh¢r¢ it is more likely than not that there is a legal or constructive obligation cornmitting the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. c) Assets Tangible fixed assets are stated at cost less depreciation. Depreciation is provid¢d at rates calculated to write off the cost of fixcd asscts Icss th¢iT estimated residual value over their expected useful lives as follows . i) Freehold Buildings 2 % per annum straight line basis ii) Fixtures, Fittings and Equipment 30/0 per annum straight line basis iii) Fixtures, Fittings and Equipment 15 % per annum reducing balance basis
NEUADD DYFI NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31stMarch 2025 3. Donations 2025 2024 Restrieted Aberdyfi Advertising and Improvements Committee 8,694 8,694 Unrestricted Aberdyfi Community Council Aberdyfi Advertising and Improvements Committee Others (up to £1,000 each) 4,492 5,000 2,504 4,091 5,000 1,186 11,996 10,277 4. Tangible Fixed Assets Fixtures, Freehold Land Fittings and Computer and Buildings Equipment Equipment Total Cost At I st April 2024 Expenditure in Year 645,646 346,587 9,744 356,331 712 992,945 9,744 1,002,689 645,646 712 Depreciation At 1st April 2024 Charged in Year 94,946 12,913 107,859 107,760 12,635 120,395 490 73 563 203,196 25,621 228,817 At 31st Mareh 2025 537,787 235,936 149 773,872 The land and buildings known as Neuadd Dyfi, Aberdyfi is vested in the Official Custodian for Charities. Neuadd Dyfi is insured for £2,103,458 which is an estimate of its replacement cost. 10-
NKUADD DYFI NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March 2025 5. Debtors 2025 2024 Premises Hire Insurancc Pr¢payment 776 2,665 2,685 3,441 2,685 6. Creditors: amounts falling due within one yegdr 2025 2024 Trade Creditors Accruals 1,000 I,000 1,000 1,000 7. Restricted Income Funds The only restricted income fund is the Neuadd Dyfi Redevelopment Project. 8. Analysis of Net Assets Between Funds Unrestricted Restricted Funds Funds Total Fixed Assets Net Current Assets Creditors due in more than one year 773,872 (86,976) 773,872 27,490 114,466 Total Net Assets 114,466 686,896 801J62