IRIS Accounts Production v24.1.4.33 05610213 Board of Directors Board of Directors Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056102132022-11-30056102132023-11-30056102132022-12-012023-11-30056102132021-11-30056102132021-12-012022-11-30056102132022-11-3005610213ns15:EnglandWales2022-12-012023-11-3005610213ns14:PoundSterling2022-12-012023-11-3005610213ns10:Director12022-12-012023-11-3005610213ns10:Director22022-12-012023-11-3005610213ns10:Director32022-12-012023-11-3005610213ns10:Director42022-12-012023-11-3005610213ns10:CompanySecretary12022-12-012023-11-3005610213ns10:CompanyLimitedByGuarantee2022-12-012023-11-3005610213ns10:SmallEntities2022-12-012023-11-3005610213ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005610213ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005610213ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005610213ns10:FullAccounts2022-12-012023-11-3005610213ns10:RegisteredOffice2022-12-012023-11-3005610213ns5:RetainedEarningsAccumulatedLosses2022-11-3005610213ns5:RetainedEarningsAccumulatedLosses2021-11-3005610213ns5:RetainedEarningsAccumulatedLosses2023-11-3005610213ns5:RetainedEarningsAccumulatedLosses2022-11-3005610213ns5:SharePremium2023-11-3005610213ns5:SharePremium2022-11-3005610213ns5:FurtherSpecificReserve1ComponentTotalEquity2023-11-3005610213ns5:FurtherSpecificReserve1ComponentTotalEquity2022-11-3005610213ns5:PlantMachinery2022-12-012023-11-3005610213ns5:ComputerEquipment2022-12-012023-11-3005610213ns5:PlantMachinery2022-11-3005610213ns5:ComputerEquipment2022-11-3005610213ns5:PlantMachinery2023-11-3005610213ns5:ComputerEquipment2023-11-3005610213ns5:PlantMachinery2022-11-3005610213ns5:ComputerEquipment2022-11-3005610213ns5:SharePremium2022-11-3005610213ns5:FurtherSpecificReserve1ComponentTotalEquity2022-11-3005610213ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 05610213 (England and Wales)















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: Mrs C A Marshall
Mrs J A Moffett
I G Davies
Mrs T J Booth





SECRETARY: William Marshall & Co Ltd





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





REGISTERED NUMBER: 05610213 (England and Wales)





ACCOUNTANTS: C W F Marshall
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.

Mrs C A Marshall
Mrs J A Moffett
I G Davies
Mrs T J Booth

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
William Marshall & Co Ltd - Secretary


30 August 2024

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 40 25
OPERATING DEFICIT (40 ) (25 )

Interest receivable and similar income 22 1
DEFICIT BEFORE TAXATION (18 ) (24 )

Tax on deficit - -
DEFICIT FOR THE FINANCIAL YEAR (18 ) (24 )

Retained earnings at beginning of year 1,670 1,694

RETAINED EARNINGS AT END OF
YEAR

1,652

1,670

THE LOWER FISHGUARD VILLAGE TRUST (REGISTERED NUMBER: 05610213)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,541 32,041

CURRENT ASSETS
Cash at bank and in hand 3,152 3,170
NET CURRENT ASSETS 3,152 3,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,693

35,211

RESERVES
Heritage assets fund 5 29,541 32,041
Playground fund 5 1,500 1,500
Income and expenditure account 5 1,652 1,670
32,693 35,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




Mrs J A Moffett - Director Mrs C A Marshall - Director




I G Davies - Director Mrs T J Booth - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritage assets - not provided
Playground equipment - 15% on cost

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 32,041 16,000 48,041
Disposals (2,500 ) - (2,500 )
At 30 November 2023 29,541 16,000 45,541
DEPRECIATION
At 1 December 2022
and 30 November 2023 - 16,000 16,000
NET BOOK VALUE
At 30 November 2023 29,541 - 29,541
At 30 November 2022 32,041 - 32,041

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 1,670 32,041 1,500 35,211
Deficit for the year (18 ) (18 )
Playground fund - (2,500 ) - (2,500 )
At 30 November 2023 1,652 29,541 1,500 32,693

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no transactions with the trustee/directors during the year.