CARWAY AND DISTRICT WELFARE ASSOCIATION STATEMENT OF ACCOUNTS FOR TH YEAR ENDED 31 DECEMBER 2023 REGISTERED CHARITY NUMBER $24016
CARWAY A STRICT WE E ASSOCIATION INDEX TO THE FINANCIAL STATEM NTS PAGE Lagal and Administrab"ve Oetails Trustees, Report Indep6ndenl Examirerfs R8POrt Stslernent of Financial Activities Balan¢e Sheet Notes to the Financial Statements
CARWAY AND DI TRICT WELFARE ASSOCIA TION LEGAL AND ADMINISTRATIVE DETAILS TRUSTEES Mrs E Mosttley Mrs D R Griffiths Mr P l Evan¥ Mr A S Williams Mrs N Smith SECRETARY Mr5 E Moseley REGISTERED OFFICE.. Carway Vv¢1fa Hall CaNAy Kidwelly SA17 4HE CHARITY COMMISSION REGISTRATION NUMBER 524018
ARWAY AND DISTRICT WELFARE ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 DECEMBER 2 The trustees present their report along with the finanoal statements ol the ¢harty ftx U)e year ended 31 December 2023. The financial stalements have beèn prèpar8d in accordani with Ihe a¢¢ounting policies sel out in Note I lo the accounts which can be ft)und on page 7. Constitution and Ob'ects The Chaiity was registered under number 524016 on 3rd June 1%4 and 1$ govemed by a Charty Commission Scheme Seal on 8th October 2008. The object of the charity 15 to provide an inslilule for the bonefft of the inhabitants of Carway and surrounding afea. The trustees have referred to the guidance given by the Charity Commission on public benefit when reviewFng the charity's aims and obje¢tivgs atyl details of the activities that have taken place during the year can be found later in this report. anisatlonal Structur The trustees who have served the charity during the year are shown on page 1. The charty is responsible for maintaning th8 premises and ils conten15 and grounds in a suitable slate of repair for use by those who live in the surrounding area. 11 raises incorne through various charitable athvilies such as hiring out its facilits.es for use by thè géneial publi¢ and holding fun day5. It ha5 a large number of user groups who arrange activities al the hall as well as renting lo the Post Office which uses the hall three days a week. Trustee vacancies are advertised and interested parties ar8 asked lo apply in writing. InleNiews will be held and sijilable candidates are then notified lo their nominating bodies being èither CISWO or the NUM South Wales Aa. Financial Revlaw The charity showed a nel surplu5 of £7,295 for the year12022'. surplus £9,200> Al the balance shael the asset value of the Chanly was £136,788, including nel current assets of £35,529. Rovl•w of Acttvitlès The Welfarè Hall is used by all age groups as a place to socialise and carry out their hobbies and interests. The work carried out by the ¢arity includes the mainlenance and improvemenl ol the building, allowng il lo slay open. The trustees also work with the wider cornmunity by putting on fun days plus working th the local football and cricket club lo improve their premises and their amenitses for us8 by the ¢ommunily. During the year the welfare have engaged a consultanl. lully funded by a grant from Carmarthenshire County Council, with a wew to developing a large new pad(.
CA WAY DISTRICT W SOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 CONTINUED Invagiment Pollc There Is no sperjfic investrnent policy in placè. Oue to the current finanLial climate the trustees feel that placing their reserve5 in interest bearing bank accounts is the prudent view lo take, this allows for a small amount of income gen¥ration in the form of Inte1 ieceived whilst keeping the rnoney readity avaable should rt be required. Reserv•s Poli It is Ihe pcdicy of the trustees to maintain unrestricted fvnds which are the free serveS of the charty at a level to prov1de sufficient fiJJ$ to cover anticipated administration and support costs for a period ol six months. Additional reseNes a held to provide a capital fund lor repairs that may be required for the ¢Jpkeep of the prnIses. Rlsk Mana •m•n The trustees are aware ol the operation& and fina181 risks which the charity faces and regularfy reviews those risks lo mitigata against any impaci they may have on tre charity. A common risk posed to caaY Hall is Ihe18ck of able and wlling volunteers from the community The Iruslees are also a%war& of need for a Su$s1on planning policy to recruit new people and sustain currant members. rhe TrtJslee5 are carefully managing the charity's finances and are satisfd that il wll be atle lo continue to meet rts ouigations lor the foreseeable future. es, R•s on relatlon to the Fin I Statements Law applicable lo charib'es in England and Wales requires the Trust8a$ lo wepare financial statements for each financial year which gIVo a true and lair view of the charity and of the incoming rèsources and application of resource5 of the charity for that pèriod In preparing those financial statements, the trustees are required to.. select suitable accounting poliaes and them apply Ihern consistently.. obserye the methods and principles in the Charflies SORP.. make judgements and estimates that are 8$Ornable and prudent slate whether applicable accounting standards have been folloEd sul'ect lo any matèrial departwes disdosed and explained in the financial slatemenls", prepara Ihtr finanrial stslements on the going ¢(M basis unless il 1$ inappropriate lo presume that the charty wll continue in operation. The Trustees are also respon$itrAe for keeping proper accounting records which disdosa writh reasonable accuracy at any b'rne the financial position of the charity and thich enable Ihern lo ensure that the rinancial statements comply bwlh the Charities Act 2011. They 8r& also responsible for safeguarding the assets ol the ¢h8rity and hence for lakir¥J reasonable steps lor the prevention and detection ol fraud and other irregularities. Signed - Trustee Print name- Trustee
INDE DENT EXAMINE T TO THE TRUSTE CARWAY AND DISTRICT WELFARE ASSOCIATION I report to thè Trustees on my examinats'on ol the accounts of the above named charity (registered no. 5240161 for the year ènded 31 Oecember 2023, 5*t out on pages 5 to 8 R•s nsibilitbes and basls of re As the charity trustees you are responsibIe for the preparats'on ol the accounts in accordan wth th& requirements tsf the Charities Act 2011 Ithe Act) I report in respect of my examination of the Tru51ees' accounts G4rried out under section 14S ol the 2011 Act and in carrw'ng out my examination I have lollowsd 8118pplicable Directions gNen by the Ch8rity Cornmission under 5edion 14gSllbl ol thè 2011 Act. Indè nd nt Examln•rs Sta I have completed my ex8mination. I confimi that no rnaterial matters havè ¢ome lo my attenticn in connethon the examination giving me cause to believe that in any material respect". 111 accounting records were not kept in sPeCt ol the Charty as required by section 130 of the act.. or 121 the accounts do not accord with those retx)rds". or 131 the account$ do not comisy with the applicable requiremen15 concerning the fomi and conlenl of accgunls set out in the Chants'es (Accounts and Raport51 Regulations 2008 other than any requirement that the accounts give'a true and fair view I1ch is not a matter consdefed as part ol an independent examinth"on. I have no cOnrn$ and hav8 come across no othar matters in connection tho examination to thieh attenb'on should be drawn in this report In order to enable a proper undèr818ndiTrJ of Ime accounts to be reached. J Wallage FCA On behalf ol CISWO rading) Ltd The Old Rectory Rectory Drive Whiston Rotherham S604JG Date
CARWAY AND DISTRICT WELFARE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR Note Totals 2023 Totals 2022 Ineomè and Endowments Llangyndeyrn CC Grant South Wales MSners' Vvelfare TTUSI Fund Carmarthenshire CC ICCCI Grants CCC Grant- Stairfift CCC Grant- Warrn space CCC Grant- Consultancy Hall rental Post rental Solar Panel - Feed in tarrff Football Club Bowls Club Bank interest Wayleave Donalions Other incorne 1,000 800 1,500 10,574 4.517 5.961 4.999 4.083 225 4,512 1,375 180 3.039 300 3,040 1,250 770 20 20 140 Total income 26,975 22.996 Food - warm $pa¢e Healing and lighting Insurance Postage and stationery Repair5, maintenance and deaniThJ Entertainment Telephone Vvaler Sundry Accountancy Consultancy Donations D8precialion 2.911 3,441 4,742 22 1,592 1,376 4.332 298 1,047 4,310 69 290 356 4.999 443 343 350 1,129 1,129 Totsl Expendlture 19,680 13.796 NET INCOME FOR THE YEAR 7,295 9.200 Fund balances brought forNard 129.493 120,293 Fund balances carried forward 136.788 129,493
RWAY ANO DISTRICT ELFARE ASSOCIA TION NCE SHEET AS AT 1 DECEMBER 2023 2023 FIXED ASSETS Tar@Ible assets 101,259 102,388 CURRENT ASSETS Debtors Cash at bank and in hand 1.595 34.410 2,004 25,444 36,005 27.448 LESS.. CURRENT LIABILITIES Creditors falling due within one year 14761 13431 NET CURRENT ASSETS 35,529 27,105 TOTAL NET ASSETS 1367e8 129,493 REPRESENTED BY.. Funds Unrestricted Funds 136.788 129,493 136.788 129.493 The Financial Slalgmen15 were approved by the Trustees on and signed on their behalf by". Signed - Trusteè Print name- Trustee Dale
CARWAY AND DISTRICT WELFAR TIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIE Basls of preparatlon and a$$e$$m¢nt of golng concern The financial slalemenls are prepared under the historical cost conventron unless othewse staled in the relevant notes to thosè accoun15 The financial statements have been prepar8d in accordan¢6 wth the Statement of Recornmended Prath".. Accounting and Reporting by ChaTEbe8 IFRS 1021. the Finanaal Reporting Standard IFRS 1021 and the Charits'es Act 2011. The trusteees consider that there a no material uncethnkn'es about the charity's ability to continue as a going concern The trustees have a reasonable expectats.on that thè Charity h85 adeouate reserves to continue in operational exlslen¢e foi tre foreseeable future. Accordingly the trustees continue to adopt ttte going concem basis in the preparation of accounts. Income Recognltlon Income Is recogn158d on¢& the Charity has ents'tlement to the income, it is probable that the income 11 b& received and the amount ol income receivable can be measured reli?bly. Donation5 a recognised %then ihey are receNed. Expendlturo rèeognrtlon 'abililies are recognh8ed as expendlff as soon as there is a legal or collstrudj've obligatt'on committing the charity to that expenditure. it is probable that setuefflenl will be required and the amount ol tha obligation can bè measured reliably. All expenditure is accounted lor on an a¢tyuals basis. d. D•pr•eiatii)n It is the policy of the Iruslees to maintsin the charitys freehold property in a ¢onlinuing slate ol reaSonae repair and they consider that In view of the expected residual value it is not necessary lo provide for depreciation of the land and buildings. Depreaation is prowded on fixed assets other than freehold propety in order to writè off th• cost of those assets over Iheir exp8Cted aconomic1fv8s. The rale of depreaatron used is:_ Land and bjildings Football Equipment No Depreciabon 25% straight line basis
CARWAY AND D CT WELFARE ASSOCI NOTES TO THE ACCOUNTS R THE YEAR ENDED 31 DECEMBE 2023 nd& Buildill Football XED Cost At 1 January 2023 Additions 99.0Th) 4.517 103,517 At 31 December 2023 4,517 103.517 De alion At 1 January 2023 Charge for Year 1,129 1.129 1,129 1,129 Al 31 December 2023 2,258 2,258 Net Book Value Al 31 December 2023 2.259 101,259 Al 310ecember 2022 99.0(K) 3,388 102.388 2023 2022 3. DEBTORS Accrued income (Xher debtors- Football Club 720 875 1.129 875 1,59S 2,004 4. CASH AT BANK ANO IN HAND Current A¢¢ounl NSI Account Cash 30.970 3.226 214 21,921 3,223 34.410 25.444 5. CREDITORS Acuual$ 476 343