Charlty number 810098 CYMMER WORKMEN'S HALLAND INSTITUTE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
CYTrIMER WORKMEN'S EL4LL AND INSTITUTE LEGAL AND ADMt.NISTII4TIVE INFoRlATIoN FOR THE YEAR ENDED 31SI DECEMBER 2023 Charity number 810098 Address Office Street Porth RCT CF39 9AH Trustees Gary Gooding David Wilton Gareth En]manuel John Marshman
CYMMER WORKMEN'S HALL AND INSTITUTE INDEPENDENT EXAMIER'S REPORT ST FOR THF. YEAR ENDED 31 DEcEIBER 2023 Independent Examiner's Report to tbe trustees of Cymmer Worl(mengs hall and institute. Report to th¢ tTUSl¥cs uf wuiktllfIl'b lidll lilI{Ul¢ foi" tlic a¢¢ounts for thc ycar ended 31. December 2023, which are set out on pages 3 to 9. Responsibilities and basis of report I report to the trustees on my examination of the accounts of the above charity ('*he Trust") for the year ended 31. December 2023. As the chlty trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'%he Act,). I report in respect of my exan]ination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examinatio I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I lidvf knuiiiyleted exni1]atIOl1. I coiifum tbat no matuiai mattcrs hav¢ come to my in connection with the examination which gives me Ca to believe that I any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accoid with the accounting Tecords I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of thc accounts to be reached. Young & Ph. s Limited Chartered Accountants 77 Bute Street Treorchy RCT CF42 6AH 30° October 2024
CYMMER WORKMEN'S HALL AND TNSTITtrrE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 Total Funds Total Funds 2023 2022 Note Incoming Resources Incoming resourcesfrom generatedfvnds." Activities for generating funds: Bar sales Other income Welsh government ant Bank interest 250,490 167 268,679 3,511 5.000 54 515 Total Incoming Resources 251,172 277,244 Resources Expended Costs of generdting funds Charitable activities Governance costs 277,817 50 1,600 274,477 1,600 Total Resources Expended 279,467 276,077 Net incomingl(outgoing) resources (28,295) 1,167 Total funds brought forward 192,087 190,920 "I'otal Funds Carried ForTrvard 163,792 192,087
CYMMER WORKMEN'S HALL AND INSTITUTE BALANCE SHEET AS AT 31ST DECEMBER 2023 2023 2022 Note Fixed Assels Tangible fixed assets 131,350 131,959 131,350 131,959 Current Assets Stocks Debtors C&h (li bank la in hand 9,800 306 39,063 9,714 506 69,465 49,169 79,685 Liabxlitics: Amounts falling due within one y&9r Creditors 16,727 19,557 Net Current A$sÈt# -12,442 60,128 Net Assets 163,792 192,087 Funds Unrestricted funds 163,792 192,087 Total Charity Fund5 163,792 192,087 The company was entitles to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilittes for Cornplyll with the requirements of the Companies Act with respect to accounting records and pr¢pardtion of accounts. These accounts have been ppared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRSI 02 SORP. Signed on behalf of the Ttees. Date: so li 01201(k Gary Gooding (Chair) e ? 7
CYMMER WORKNEN'S HALL AND INSTITUE NOTES TO TIIE ACCOUINTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Basis of aration 1.1 Basi5 of Accounting These accounts have been prepared under the historical cost convention with items recognised at cost nr transaction value unless otherwise stated in the relevant note(s) to these accounts. 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 IFRS 102) issued on 16 July 2014 and with the Charities Act 2011. 1.2 Going Concern These accounts have been prepared on the basis that the charity is a going concern. Accountin Policies 2.1 Income Recognition of income These are included in the Statement of Financial Activities (SOFA) when: the charity becomes entitled to the resources" it is more likely than not that the trustees will receive the resources. and the monetary value can be me&sured with sufficient reliability -Incoming resources from trading activity is accounted for when earned -Income frorn interest is included in the accounts when receipt is probable and the amount receivable can be measured reliably. 2.2 Expellditure alld liabilities Expenditure is included in the accounts on an accruats b&sis. Expenditure includes any VAT, which cannot be fully recovered. Governance and support costs Costs of generating fimds com]Se costs WAth running the bar and social club at the worknien's hall. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and SeICeS for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 5
CYMMER WORKMEN'S HALL AND IIYSTITUE NOTES TO THE ACCOUISryS FOR THE YEAR ENDED 31SI DECEMBER 2023 Governance costs include those costs &ssociated with meeting the constitutional and statutory requirements of the charity including audit fees and costs linked to the strategic management of the charity. All costs are allocated between the eXpendltLe categories of the SOFA on a basis designed to reflect the use of the regoiirce.. Costs relating to g p2rticular activity are allocated directly: others are apportioned on an appropriate basis. Liability recognition Liabilities are recOlIS¢d 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 re&sonable certainty. Deferred income No material item of defetred income has been included in the accounts. Creditors The cbarity has creditors which are measured at settlement amounts less any trade discounts 2.3 Assets I'angible fixed assets for use by Charity These are capitalised Èf they can be used for more than one year, and cost net of depreciation and any impairment losses. Depreciation is recognised so to write off the cost or valuation of assets 1¢55 their residual values over their useful lives on the following bas¢s: Fixtures and equipment 2/0 of cost per annum Stock and work in progress Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Other Income 2023 2022 Machine income Other income 167 2,743 768 167 3,511 Pag¢ 6
CYMMER WORKMEN'S HALL AND INSTITUE NOTI4 S TO TIIE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Total Resources Ex ended Cost of Charitable Generating Activities Funds Governance 2023 Total 2022 Total Bar Stock Staff costs Staff pension costs Games, entertainment, films Rates Insurance Light and heat Cleaning Repairs and maintenance Printing, postage and stationery Telephone Travel Rental Professional fees Stocktaking fees Accountancy Bank charges Credit card charges Charitable donations Deprecation 115,079 86.841 961 26.418 115,079 118,750 86,841 76,783 961 871 26,418 24,355 1,601 4,705 13.363 1,554 7.013 1,601 4,705 13,363 1,554 7,013 1,792 3,560 14,231 2,337 9,924 665 665 194 4.626 100 7.645 2.795 710 4,626 100 7,(A5 2,795 710 1,600 934 2,198 50 609 4,502 6,948 6,868 630 1,600 1,248 685 1,600 934 2,198 50 609 799 277,817 50 1,600 279,467 276,077 Paid em ees The total of paid employees foT the. ye2r iq £79.32R (£76,7513 in 2022) with additional costs of £961 (£871 in 2022) for staff pensions. The average number of employees in the year was 13 (15 in 2022) Page 7
CYMMER WORKMEN'S HALL AND INSTITUE NOTES TO THE ACCOU[S FOR THE YEAR ENDED 31SI DECEMBER 2023 Tan ible Fixed Assets Freehold Pro Fixtures Fittin andE ui ment Total Cost At l January 2023 Additions Disposals 130.499 90.306 220,805 At 31 December 2023 130,499 90,306 220,805 Accumulated Depreciation At l January 2023 Charge for year Depreciatkon on disposals 88,846 609 88,846 609 At 31 December 2023 89,455 89,455 Net Book Value At 31 December 2023 130,499 851 131J50 At 31 Dcccrnber 2022 130,499 1,460 131,959 Stock Stock relates to bar stock and is me&sured at the lower of cost or nct realisable value. Debtors 2023 2022 Prepayments and accrued income 306 506 306 506 Creditors Creditorsqlue within one ear 2023 2022 Trade creditors Accruals Taxation and social security 5,723 6,240 4,764 8,553 5,120 5,884 16,727 19,557 Page 8
CYMMER WORKMEN'S HALL AND INSTITUE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31sr DECEMBER 2023 10 Transaetions With Trustees and Related Piirties Tru5tees' expenses Members of the management committee received honoraTium totalling £nil from the charity during the year ended 2023 (2022 - nil). The honorariutll is approved by the members of the management's committee. During the year a trustee, Gary Gooding, paid MCBC brewery £9,746 when there were insufficient funds. The charity is repaying him and the balance at the year end was £3,011. (2022 nil) Page 9