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REGISTERED COMPANY NUMBER: 01810912 (England and Wales)
REGISTERED CHARITY NUMBER: 515245


















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CYMDEITHAS GENEDLAETHOL HYWEL DDA

CYMDEITHAS GENEDLAETHOL HYWEL DDA

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 10

CYMDEITHAS GENEDLAETHOL HYWEL DDA (REGISTERED NUMBER: 01810912)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objective is to educate the public about the life and work of Hywel Dda, and the body of law which bears his name.

Significant activities
Ongoing development of the Centre in order to provide improved facilities, to include new technology for use by the community, and encouraging local schools to take part in organised workshops and project work as well as welcoming visitors to the Centre and Gardens.During 2023 part of the building was let in order to provide a cafe facility at the Centre.

ACHIEVEMENT AND PERFORMANCE
The level of activity in the year has improved but the trustees continue to work towards increasing the use of the centre.

FINANCIAL REVIEW
Reserves policy
The company does not have a reserves policy. The company remains in need of a financial injection in order to create the necessary reserves to safeguard its future.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted by its Memorandum and Articles of Association as incorporated on 24 April 1984 as amended by special resolution dated 11 June 1984.

Decision making
The decision making is undertaken by the Board of Directors which is supported by a Management Committee as elected at the Annual General Meeting.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01810912 (England and Wales)

Registered Charity number
515245

Registered office
The Hywel Dda Centre
St. Marys Street
Whitland
Carmarthenshire
SA34 0PY

Trustees
The directors of the charitable company are as follows:

Parch T T Dafis
J K Rees

Company Secretary
Mr J K Rees


CYMDEITHAS GENEDLAETHOL HYWEL DDA (REGISTERED NUMBER: 01810912)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Advisers
Bankers: Lloyds Bank plc
9 High Street
Lampeter
Ceredigion

Accountants: Llewelyn Davies
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

Approved by order of the board of trustees on 9 September 2024 and signed on its behalf by:





Mr T T Dafis - Trustee

CYMDEITHAS GENEDLAETHOL HYWEL DDA

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 328 - 328 5,549

Other trading activities 2 6,802 - 6,802 4,480
Investment income 3 4,400 - 4,400 -
Total 11,530 - 11,530 10,029

EXPENDITURE ON
Raising funds 3,952 - 3,952 1,121

Charitable activities
Charitable 7,060 - 7,060 15,953
Total 11,012 - 11,012 17,074

NET INCOME/(EXPENDITURE) 518 - 518 (7,045 )


RECONCILIATION OF FUNDS
Total funds brought forward 44,395 171,467 215,862 222,907

TOTAL FUNDS CARRIED FORWARD 44,913 171,467 216,380 215,862

CYMDEITHAS GENEDLAETHOL HYWEL DDA (REGISTERED NUMBER: 01810912)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 30,423 171,467 201,890 199,498

CURRENT ASSETS
Stocks 8 580 - 580 330
Debtors 9 406 - 406 2,706
Cash at bank 13,754 - 13,754 13,578
14,740 - 14,740 16,614

CREDITORS
Amounts falling due within one year 10 (250 ) - (250 ) (250 )

NET CURRENT ASSETS 14,490 - 14,490 16,364

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,913

171,467

216,380

215,862

NET ASSETS 44,913 171,467 216,380 215,862
FUNDS 12
Unrestricted funds 44,913 44,395
Restricted funds 171,467 171,467
TOTAL FUNDS 216,380 215,862

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that 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 charitable 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 charitable company.


CYMDEITHAS GENEDLAETHOL HYWEL DDA (REGISTERED NUMBER: 01810912)

BALANCE SHEET - continued
31 DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mr T T Dafis - Trustee

CYMDEITHAS GENEDLAETHOL HYWEL DDA

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Fundraising events 180 355
Shop income 387 -
Hire Centre 521 1,825
100 Club Profit 2,020 2,300
Cafe costs recovered 3,694 -
6,802 4,480


CYMDEITHAS GENEDLAETHOL HYWEL DDA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. INVESTMENT INCOME
2023 2022
£    £   
Rents received 4,400 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


5. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Trustees 2 2

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 656 4,893 5,549

Other trading activities 4,480 - 4,480
Total 5,136 4,893 10,029

EXPENDITURE ON
Raising funds 1,121 - 1,121

Charitable activities
Charitable 11,060 4,893 15,953
Total 12,181 4,893 17,074

NET INCOME/(EXPENDITURE) (7,045 ) - (7,045 )


RECONCILIATION OF FUNDS
Total funds brought forward 51,440 171,467 222,907

TOTAL FUNDS CARRIED FORWARD 44,395 171,467 215,862

CYMDEITHAS GENEDLAETHOL HYWEL DDA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023 199,498
Additions 2,392
At 31 December 2023 201,890
NET BOOK VALUE
At 31 December 2023 201,890
At 31 December 2022 199,498

8. STOCKS
2023 2022
£    £   
Stocks 580 330

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 406 2,706

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 11) 250 250

11. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Other loans 250 250

12. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 44,395 518 44,913

Restricted funds
Restricted Funds 171,467 - 171,467

TOTAL FUNDS 215,862 518 216,380

CYMDEITHAS GENEDLAETHOL HYWEL DDA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 11,530 (11,012 ) 518

TOTAL FUNDS 11,530 (11,012 ) 518


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 51,440 (7,045 ) 44,395

Restricted funds
Restricted Funds 171,467 - 171,467

TOTAL FUNDS 222,907 (7,045 ) 215,862

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 5,136 (12,181 ) (7,045 )

Restricted funds
Restricted Funds 4,893 (4,893 ) -

TOTAL FUNDS 10,029 (17,074 ) (7,045 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 51,440 (6,527 ) 44,913

Restricted funds
Restricted Funds 171,467 - 171,467

TOTAL FUNDS 222,907 (6,527 ) 216,380

CYMDEITHAS GENEDLAETHOL HYWEL DDA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 16,666 (23,193 ) (6,527 )

Restricted funds
Restricted Funds 4,893 (4,893 ) -

TOTAL FUNDS 21,559 (28,086 ) (6,527 )

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.