REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
THE LOWER FISHGUARD VILLAGE TRUST |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
THE LOWER FISHGUARD VILLAGE TRUST |
THE LOWER FISHGUARD VILLAGE TRUST (REGISTERED NUMBER: 05610213) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Annual Report of the Trust | 2 |
Report of the Directors | 3 |
Statement of Income and Retained Earnings | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
THE LOWER FISHGUARD VILLAGE TRUST |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Independent Examiner |
Park View House |
Ropewalk |
Fishguard |
Pembrokeshire |
SA65 9BT |
THE LOWER FISHGUARD VILLAGE TRUST (REGISTERED NUMBER: 05610213) |
ANNUAL REPORT OF THE TRUST |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Objectives and Activities |
The Charity's objects are to support any charity or any charitable purpose in Lower Fishguard and the surrounding area as the Directors decide. |
During the year the Trust continued to inspect and carry out day-to-day maintenance on the Trust's playground equipment in the village.The Trust also continued to keep a watching brief over the two sculptures and a painting in its care. |
The painting of Lower Town by the late John Cleal was discovered in a storeroom at Fishguard and Goodwick Town Council's offices in Fishguard. It was in danger of being damaged or destroyed. Negotiations with the Town Council resulted in the gift of the painting to the Council. A plaque recording its provenance was attached to it before the gift was made. |
Structure and Governance |
The Charity is controlled by its governing document, a memorandum of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Financial Review |
No fundraising took place during the year since reserves were felt to be sufficient for immediate purposes. |
Recruitment and appointment of new trustees |
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the company. Under the requirements of the Memorandum and Articles of Association the directors are required to retire by rotation. Appointment of directors is by the charity in general meeting or by the directors. |
THE LOWER FISHGUARD VILLAGE TRUST (REGISTERED NUMBER: 05610213) |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
The directors present their report with the financial statements of the company for the year ended 30 November 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of a charity (register number 1117853). |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 December 2022 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
for and on behalf of |
THE LOWER FISHGUARD VILLAGE TRUST (REGISTERED NUMBER: 05610213) |
STATEMENT OF INCOME AND |
RETAINED EARNINGS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
2023 | 2022 |
£ | £ |
GENERAL PURPOSE FUNDS |
Administrative expenses |
OPERATING DEFICIT | ( |
) | ( |
) |
Interest receivable and similar income |
DEFICIT BEFORE TAXATION | ( |
) | ( |
) |
Tax on deficit |
DEFICIT FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
Retained earnings at beginning of year |
RETAINED EARNINGS AT END OF YEAR |
THE LOWER FISHGUARD VILLAGE TRUST (REGISTERED NUMBER: 05610213) |
BALANCE SHEET |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank and in hand |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Heritage assets fund | 5 |
Playground fund | 5 |
Income and expenditure account | 5 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE LOWER FISHGUARD VILLAGE TRUST (REGISTERED NUMBER: 05610213) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
The Lower Fishguard Village Trust is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Heritage assets | - |
Playground equipment | - |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Heritage | Playground |
assets | equipment | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 December 2022 |
Disposals | ( |
) | ( |
) |
At 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
and 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
Cost or valuation at 30 November 2023 is represented by: |
Heritage | Playground |
assets | equipment | Totals |
£ | £ | £ |
Valuation in 2006 | - | 16,000 | 16,000 |
Valuation in 2007 | 7,500 | - | 7,500 |
Cost | 22,041 | - | 22,041 |
29,541 | 16,000 | 45,541 |
THE LOWER FISHGUARD VILLAGE TRUST (REGISTERED NUMBER: 05610213) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
5. | RESERVES |
Income |
and | Heritage |
expenditure | assets | Playground |
account | fund | fund | Totals |
£ | £ | £ | £ |
At 1 December 2022 |
Deficit for the year | ( |
) | ( |
) |
Playground fund | - | (2,500 | ) | - | (2,500 | ) |
At 30 November 2023 | 32,693 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
There were no transactions with the trustee/directors during the year. |