Neuadd Cwmllynfell Hall
Company Number 03129377
Registered Charity Number: 1098054
Filleted Accounts
30 September 2023
Neuadd Cwmllynfell Hall
Registered number: 03129377
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 15,006 20,008
Current assets
Stocks 3,167 4,346
Cash at bank and in hand 5 20,844 32,738
24,011 37,084
Creditors: amounts falling due within one year 3 (6,115) (8,472)
Net current assets 17,896 28,612
Net assets 32,902 48,620
Capital and reserves
Profit and loss account 32,902 48,620
Shareholders' funds 32,902 48,620
Average number of employees 2 2
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Thomas
Director
Approved by the board on 29 January 2024
Neuadd Cwmllynfell Hall
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Reserves
Neuadd Cwmllynfell Hall signed a new building lease during the 2017/18 financial year with Neath Port Talbot County Borough Council. Due to the obligations under this lease the committee have decided to hold a £10,000 reserves fund. The fund will only be used in the event of any major repairs and maintenance required to the part of the building leased by Neuadd Cwmllynfell Hall. This policy will be reviewed at the end of each financial year.
Note on the profit figure
Neuadd Cwmllynfell Hall shows a loss this year of £15,718. After adjusting for depreciation costs of £5,002 the loss for the year comes to £10,121. Neuadd Cwmllynfell Hall also had to register for VAT during the year and in total has paid £13,154 to HMRC. Without this VAT bill the Hall would have made a small profit. There has also been a reduction in grants during the year from £46,440 last year to £37,744 this year a drop of £8,696. The combined effect of the VAT costs and reduction in Grant income represents a total revenue loss to the Hall of £21,850. This explains the larger than normal loss this year. Prices have been adjusted to try and cover this loss of income but these will take time to feed through.
2
Signed:………………………………
M Thomas, Director
29 January 2024
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 111,125
Additions -
Surplus on revaluation -
Disposals -
At 30 September 2023 111,125
Depreciation
At 1 October 2022 91,117
Charge for the year 5,002
Surplus on revaluation -
On disposals -
At 30 September 2023 96,119
Net book value
At 30 September 2023 15,006
At 30 September 2022 20,008
3 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 61 -
Trade creditors 1,308 3,931
Taxation and social security costs 4,151 3,944
Other creditors 595 597
6,115 8,472
4 Other information
Neuadd Cwmllynfell Hall is a charitable organisation registered in England & Wales. Its registered office is:
Gwilym Road
Cwmllynfell
Swansea
SA9 2GH
5 Cash at Bank
The bank balance at the end of the financial year amounts to £20,844 which includes the
£10,000 reserve fund as detailed above.
Signed:………………………………
M Thomas, Director
29 January 2024
6 Grants Received 2023 2022
£ £
NPTCBC (Manager's Wages) 10,500 9,750
NPTCBC 20,744 24,460
Cwmllynfell Community Council 4,500
Celtc Energy 575
Covid Grant - Economic Resilience Fund 2,500
Coalfields Regeneration 2,000
Swansea Bay University 9,155
37,744 46,440
Signed:………………………………
M Thomas, Director
29 January 2024
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