IRIS Accounts Production v25.4.0.155 Other Company accounts True false Pounds 1.4.24 31.3.25 31.3.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true false true iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04713045 2024-03-31 04713045 2025-03-31 04713045 2024-04-01 2025-03-31 04713045 2023-03-31 04713045 2023-04-01 2024-03-31 04713045 2024-03-31 04713045 ns0:CharitableCompanyLimitedByGuarantee 2024-04-01 2025-03-31 04713045 ns15:PoundSterling 2024-04-01 2025-03-31 04713045 ns11:FRS102 2024-04-01 2025-03-31 04713045 ns0:IndependentExaminationCharity 2024-04-01 2025-03-31 04713045 ns11:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04713045 ns11:FullAccounts 2024-04-01 2025-03-31 04713045 ns0:CharitiesSORP 2024-04-01 2025-03-31 04713045 ns16:EnglandWales 2024-04-01 2025-03-31 04713045 ns11:RegisteredOffice 2024-04-01 2025-03-31 04713045 ns0:Trustee2 2024-04-01 2025-03-31 04713045 ns0:Trustee3 2024-04-01 2025-03-31 04713045 ns0:Trustee4 2024-04-01 2025-03-31 04713045 ns0:Trustee5 2024-04-01 2025-03-31 04713045 ns0:Trustee6 2024-04-01 2025-03-31 04713045 ns0:Trustee1 2024-04-01 2025-03-31 04713045 ns0:Trustee7 2024-04-01 2025-03-31 04713045 ns0:Trustee8 2024-04-01 2025-03-31 04713045 ns0:TotalUnrestrictedFunds 2024-04-01 2025-03-31 04713045 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 04713045 ns0:Activity8 2024-04-01 2025-03-31 04713045 ns0:Activity8 ns0:TotalUnrestrictedFunds 2024-04-01 2025-03-31 04713045 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 04713045 ns0:Activity8 2023-04-01 2024-03-31 04713045 ns0:TotalUnrestrictedFunds 2024-03-31 04713045 ns0:TotalRestrictedIncomeFunds 2024-03-31 04713045 ns0:TotalUnrestrictedFunds 2025-03-31 04713045 ns0:TotalRestrictedIncomeFunds 2025-03-31 04713045 ns10:WithinOneYear 2025-03-31 04713045 ns10:WithinOneYear 2024-03-31 04713045 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04713045 ns10:PlantMachinery 2024-04-01 2025-03-31 04713045 2 2024-04-01 2025-03-31 04713045 3 2024-04-01 2025-03-31 04713045 1 2024-04-01 2025-03-31 04713045 1 2023-04-01 2024-03-31 04713045 ns10:OwnedAssets 2024-04-01 2025-03-31 04713045 ns10:OwnedAssets 2023-04-01 2024-03-31 04713045 ns0:TotalUnrestrictedFunds 2023-04-01 2024-03-31 04713045 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 04713045 ns0:Activity8 ns0:TotalUnrestrictedFunds 2023-04-01 2024-03-31 04713045 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 04713045 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-03-31 04713045 ns10:PlantMachinery 2024-03-31 04713045 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2025-03-31 04713045 ns10:PlantMachinery 2025-03-31 04713045 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-03-31 04713045 ns10:PlantMachinery 2024-03-31

REGISTERED COMPANY NUMBER: 04713045 (England and Wales)

REGISTERED CHARITY NUMBER: 1115943

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TALBOT COMMUNITY CENTRE

| TALBOT COMMUNITY CENTRE |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| Page |

| Report of the Trustees | 1 |  | to |  | 2

| Independent Examiner's Report | 3 |

| Statement of Financial Activities | 4 |

| Balance Sheet | 5 |  | to |  | 6

| Notes to the Financial Statements | 7 |  | to |  | 16

| TALBOT COMMUNITY CENTRE (REGISTERED NUMBER: 04713045) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

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 March 2025. 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).

The Trustee Report includes the Report of the Directors' as required by company law.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are:

1. To promote for the benefit of the inhabitants of Kenfig Hill and its neighbourhood without distinction of sex, sexual orientation, race, or of political, religious or other opinionsby associating together the said inhabitants and the local authorities, advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.

2. To secure the maintenance of development of a community centre and to equip and amanage the same (whether alone or in co-operation with a local authority or other person or body).

3. To promote such other charitable purposes as may from time to time be determined. the Charity shall be non-party and non-sectarian in religion.

Public benefit

The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with S17 Charities Act 2011 when considering, planning and implementing the activities of the charity. As Trustees, we believe that the aims of our organisation are charitable and for the public benefit. Furthermore, in our view, no detriment or harm arises from our Charity carrying out its work and we are not aware of any widespread views among others that such detriment or harm might arise.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year, the organisation was fortunate to receive grant funding and donations amounting to £10,927 (2024: £7,665). This enabled, sports, wellbeing and other activities to take place.

The main funding source, in addition to the above grant funding, during 2024-2025 was hall hire (rental) income.

We would like to thank all our funders for their support of the centre and community during the last year.

We have continued to reach out to the community to find out how they feel about changes to our work and make sure that they still feel supported by the community centre. As such, we remain a constant in the community even in times of great uncertainty and we appreciate the support that we get from our members, trustees and third sector partners. We are always seeking new members and volunteers and consistently review the offer available to residents.

FINANCIAL REVIEW

Reserves policy

Free reserves have been used over this financial period to fund essential core staffing costs and running costs of the centre. At the 31st March 2025 free reserves were £17,134 (2024: £4,628). There is currently no reserves policy. An appropriate policy is being formulated by the trustees.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity is registered in England & Wales.

| TALBOT COMMUNITY CENTRE (REGISTERED NUMBER: 04713045) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

New Trustees must be interviewed by the current Board of Trustees, and if appointed are informed of their legal obligations under charity law, the decision making process and the business plan and recent financial performance of the charity. The charity aims to recruit people who can offer a range of skills for example personnel, training, finance etc.

Organisational structure

The Trustee Board is made up of three stakeholders of the village representing a cross section of local interests and skills. The quorum necessary for the transaction of business of the Board is 3, and the maximum number of Board members is 9. Up to three persons may be co-opted between one Annual General Meeting and the next. The Annual General Meetings will be held as soon as practicable after the year ended 31st March.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04713045 (England and Wales)

Registered Charity number

1115943

Registered office

9 Prince Road

Kenfig Hill

Bridgend

Mid Glamorgan

CF33 6ED

Trustees

E Harman

Councillor J A Gebbie Chair to 07.08.24 (resigned 7.8.24)

G E Hewitt (resigned 9.5.25)

C Y Butcher

G Bradshaw (resigned 31.12.24)

J Webber (appointed 7.8.24)

J Williams (appointed 7.8.24) (resigned 16.6.25)

F Pegg (appointed 7.8.24) (resigned 22.9.25)

Day to Day Management

Jackie McManus - Centre Manager

Independent Examiner

Richard Knoyle ACA FCCA

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

Approved by order of the board of trustees on 12 November 2025 and signed on its behalf by:

J Webber - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

TALBOT COMMUNITY CENTRE

Independent examiner's report to the trustees of Talbot Community Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. | the accounts do not accord with those records; or

3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Richard Knoyle ACA FCCA

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

12 November 2025

| TALBOT COMMUNITY CENTRE |

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 2 | 3,927 |  | 7,000 |  | 10,927 |  | 7,665 |

Other trading activities | 3 | 29,414 |  | - |  | 29,414 |  | 26,478 |

Investment income | 4 | 49 |  | - |  | 49 |  | 80 |

Other income | 600 |  | - |  | 600 |  | - |

Total | 33,990 |  | 7,000 |  | 40,990 |  | 34,223 |

EXPENDITURE ON

Charitable activities

Community Centre Activities | 22,823 |  | 14,585 |  | 37,408 |  | 47,070 |

NET INCOME/(EXPENDITURE) | 11,167 |  | (7,585 | ) | 3,582 |  | (12,847 | )

RECONCILIATION OF FUNDS

Total funds brought forward | 76,850 |  | 82,553 |  | 159,403 |  | 172,250 |

TOTAL FUNDS CARRIED FORWARD | 88,017 |  | 74,968 |  | 162,985 |  | 159,403 |

| TALBOT COMMUNITY CENTRE (REGISTERED NUMBER: 04713045) |

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS |

Tangible assets | 10 | 145,850 |  | 149,774 |

CURRENT ASSETS |

Debtors | 11 | 216 |  | - |

Cash at bank | 18,502 |  | 11,250 |

18,718 |  | 11,250 |

CREDITORS |

Amounts falling due within one year | 12 | (1,583 | ) | (1,621 | )

NET CURRENT ASSETS | 17,135 |  | 9,629 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 162,985 |  | 159,403 |

NET ASSETS | 162,985 |  | 159,403 |

FUNDS | 14

Unrestricted funds | 88,017 |  | 76,850 |

Restricted funds | 74,968 |  | 82,553 |

TOTAL FUNDS | 162,985 |  | 159,403 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

| TALBOT COMMUNITY CENTRE (REGISTERED NUMBER: 04713045) |

BALANCE SHEET - continued

31 MARCH 2025

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 12 November 2025 and were signed on its behalf by:

J Webber - Trustee

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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.

| Financial reporting standard 102 - reduced disclosure exemptions

| The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

| • | the requirements of Section 7 Statement of Cash Flows.

| 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.

| The following specific policies are applied:

| Voluntary income

| Income received by way of grants, gifts or donation is included in full on receipt unless it is subject to a condition when it is treated as deferred income.

| Deferred income

| Income or grants received in advance are held as deferred income and carried forward to future accounting periods to be released when the defined purposes of the work or project have been completed, approved or certified.

| Gifts in kind

| Gifts in kind are included in the income and expenditure account where they are applied in carrying out charitable activities, where the company would otherwise have to purchase the donated facility and the benefit is both quantifiable and material. The quantifiable benefit is shown as both incoming and expended resources within the appropriate funds. Where the gift is an asset it is treated as income and taken to stock or fixed assets as appropriate.

| The value of services provided by volunteers is not quantified.

| Investment income

| Investment income is included when receivable.

| Trading income

| Trading income is recognised when earned.

| Government Grant Income comprises specific project related direct support. see note 2, Incoming Resources, for amounts.

| 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.

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

1. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 20% on reducing balance

| 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.

| Pension costs and other post-retirement benefits

| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

| The organisation is a company, registered in England & Wales, limited by guarantee and a registered charity. The directors are the trustees and they form a board of trustees which sets the strategic direction of the charity and monitors the performance of the organisation against its goals. The aims and objectives and rules for governance are set out in the charitable company's Memorandum and Articles of Association.

| Tangible fixed assets

| Tangible fixed assets are included in the balance sheet at historic cost less accumulated depreciation. grant receipts which fund fixed asset acquisitions are taken to restricted funds and the appropriate depreciation charge is made against those funds over the expected useful life of the asset.

| Leased assets

| Fixed assets acquired under finance leases are included in the balance sheet at historic cost less accumulated depreciation. The present value of future rentals is shown as a liability. Interest payable in each period is charged as an expended resource in proportion to the amount outstanding under the lease. Operating lease rentals are charged as expended resources as incurred.

| Stock

| Stock is included in the balance sheet at the lower of cost or net realisable value, provisions being made as appropriate against any obsolete or slow moving items. Where stock is held for a specific restricted purpose the relevant incoming resources are held as balances on restricted funds.

| Debtors and creditors receivable/payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

| Going concern

| The financial statements have been prepared on a going concern basis as the trustees consider there are no material uncertainties..

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | DONATIONS AND LEGACIES

| 2025 |  | 2024

£ | £ |

| Donations | 3,927 |  | 700 |  |

| Grants | 7,000 |  | 6,965 |  |

10,927 |  | 7,665 |  |

| Grants received, included in the above, are as follows:

| 2025 |  | 2024

£ | £ |

| Community Foundation Wales | 5,000 |  | 5,000 |  |

| BAVO | 2,000 |  | 1,265 |  |

| Pyle Community Council | - |  | 200 |  |

| Sports Foundation | - |  | 500 |  |

7,000 |  | 6,965 |  |

3. | OTHER TRADING ACTIVITIES

| 2025 |  | 2024

£ | £ |

| Rent | 29,290 |  | 25,853 |  |

| Membership fees | 124 |  | 625 |  |

29,414 |  | 26,478 |  |

4. | INVESTMENT INCOME

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 49 |  | 80 |  |

5. | SUPPORT COSTS

| Governance |

| Finance |  | Other |  | costs |  | Totals

£ | £ | £ | £ |

| Community Centre Activities | 209 |  | 3,094 |  | 1,792 |  | 5,095 |  |

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | SUPPORT COSTS - continued

| Support costs, included in the above, are as follows: |

| 2025 |  | 2024

| Community |

| Centre |  | Total

| Activities |  | activities

£ | £ |

| Bank charges | 209 |  | 160 |  |

| Insurance | 3,094 |  | 2,143 |  |

| Independent Examiners Fees | 1,188 |  | 1,524 |  |

| Legal & professional fees | 604 |  | 1,963 |  |

5,095 |  | 5,790 |  |

6. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting): |

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 3,924 |  | 4,096 |  |

| Independent Examiners Fee | 1,188 |  | 1,525 |  |

7. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8. | STAFF COSTS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 14,180 |  | 17,329 |  |

| Other pension costs | 70 |  | 165 |  |

14,250 |  | 17,494 |  |

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

| 2025 |  | 2024

| Community Centre Staff | 2 |  | 2 |  |

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

| The key management of the charity comprises the Directors/Trustees. The total benefits of the the key management personnel of the charity was £Nil (2024: £Nil).

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Restricted |  | Total

| funds |  | funds |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 700 |  | 6,965 |  | 7,665 |

| Other trading activities | 26,478 |  | - |  | 26,478 |

| Investment income | 80 |  | - |  | 80 |

| Total | 27,258 |  | 6,965 |  | 34,223 |

| EXPENDITURE ON

| Charitable activities

| Community Centre Activities | 42,520 |  | 4,550 |  | 47,070 |

| NET INCOME/(EXPENDITURE) | (15,262 | ) | 2,415 |  | (12,847 | )

| RECONCILIATION OF FUNDS

| Total funds brought forward | 92,112 |  | 80,138 |  | 172,250 |

| TOTAL FUNDS CARRIED FORWARD | 76,850 |  | 82,553 |  | 159,403 |

10. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |

| property |  | machinery |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 and 31 March 2025 | 211,322 |  | 54,886 |  | 266,208 |  |

| DEPRECIATION

| At 1 April 2024 | 63,619 |  | 52,815 |  | 116,434 |  |

| Charge for year | 3,406 |  | 518 |  | 3,924 |  |

| At 31 March 2025 | 67,025 |  | 53,333 |  | 120,358 |  |

| NET BOOK VALUE

| At 31 March 2025 | 144,297 |  | 1,553 |  | 145,850 |  |

| At 31 March 2024 | 147,703 |  | 2,071 |  | 149,774 |  |

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other debtors | 216 |  | - |  |

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Social security and other taxes | - |  | 75 |  |

| Other creditors | - |  | 1 |  |

| Sundry Creditors | 23 |  | 33 |  |

| Accrued expenses | 1,560 |  | 1,512 |  |

1,583 |  | 1,621 |  |

13. | ANALYSIS OF NET ASSETS BETWEEN FUNDS

|  | Unrestricted |  | Restricted |  | 2025 Total |  | 2024 Total |  |

|  | Funds |  | Funds |  | Funds |  | Funds |  |

| £ |  | £ |  | £ |  | £ |  |

| Fixed Assets |  | 70,883 |  | 74,968 |  | 145,851 |  | 149,775 |  |

| Net Current Assets/(Liabilities) |  | 17,134 |  | - |  | 17,134 |  | 9,628 |  |

|  | 88.017 |  | 74,968 |  | 162,985 |  | 159,403 |  |

14. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1/4/24 |  | in funds |  | 31/3/25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 4,628 |  | 12,506 |  | 17,134 |  |

| Designated Fixed Assets | 72,222 |  | (1,339 | ) | 70,883 |  |

76,850 |  | 11,167 |  | 88,017 |  |

| Restricted funds

| Big Lottery Asset Fund | 77,553 |  | (2,585 | ) | 74,968 |  |

| The Community Matters Fund (Cost of Living) | 5,000 |  | (5,000 | ) | - |  |

82,553 |  | (7,585 | ) | 74,968 |  |

| TOTAL FUNDS | 159,403 |  | 3,582 |  | 162,985 |  |

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | 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 | 33,990 |  | (21,484 | ) | 12,506 |  |

| Designated Fixed Assets | - |  | (1,339 | ) | (1,339 | ) |

33,990 |  | (22,823 | ) | 11,167 |  |

| Restricted funds

| Big Lottery Asset Fund | - |  | (2,585 | ) | (2,585 | ) |

| BAVO - Warm Hub Fund | 2,000 |  | (2,000 | ) | - |  |

| The Community Matters Fund (Cost of Living) | 5,000 |  | (10,000 | ) | (5,000 | ) |

7,000 |  | (14,585 | ) | (7,585 | ) |

| TOTAL FUNDS | 40,990 |  | (37,408 | ) | 3,582 |  |

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1/4/23 |  | in funds |  | 31/3/24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 18,379 |  | (13,751 | ) | 4,628 |  |

| Designated Fixed Assets | 73,733 |  | (1,511 | ) | 72,222 |  |

92,112 |  | (15,262 | ) | 76,850 |  |

| Restricted funds

| Big Lottery Asset Fund | 80,138 |  | (2,585 | ) | 77,553 |  |

| The Community Matters Fund (Cost of Living) | - |  | 5,000 |  | 5,000 |  |

80,138 |  | 2,415 |  | 82,553 |  |

| TOTAL FUNDS | 172,250 |  | (12,847 | ) | 159,403 |  |

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | MOVEMENT IN FUNDS - continued

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

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 27,258 |  | (41,009 | ) | (13,751 | ) |

| Designated Fixed Assets | - |  | (1,511 | ) | (1,511 | ) |

27,258 |  | (42,520 | ) | (15,262 | ) |

| Restricted funds

| Big Lottery Asset Fund | - |  | (2,585 | ) | (2,585 | ) |

| BAVO Grant 2024 | 1,265 |  | (1,265 | ) | - |  |

| Sports Foundation Grant | 500 |  | (500 | ) | - |  |

| The Community Matters Fund (Cost of Living) | 5,000 |  | - |  | 5,000 |  |

| Pyle Community Council Grant | 200 |  | (200 | ) | - |  |

6,965 |  | (4,550 | ) | 2,415 |  |

| TOTAL FUNDS | 34,223 |  | (47,070 | ) | (12,847 | ) |

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

| Net |  |

| movement |  | At |

| At 1/4/23 |  | in funds |  | 31/3/25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 18,379 |  | (1,245 | ) | 17,134 |  |

| Designated Fixed Assets | 73,733 |  | (2,850 | ) | 70,883 |  |

92,112 |  | (4,095 | ) | 88,017 |  |

| Restricted funds

| Big Lottery Asset Fund | 80,138 |  | (5,170 | ) | 74,968 |  |

| TOTAL FUNDS | 172,250 |  | (9,265 | ) | 162,985 |  |

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | 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 | 61,248 |  | (62,493 | ) | (1,245 | ) |

| Designated Fixed Assets | - |  | (2,850 | ) | (2,850 | ) |

61,248 |  | (65,343 | ) | (4,095 | ) |

| Restricted funds

| Big Lottery Asset Fund | - |  | (5,170 | ) | (5,170 | ) |

| BAVO - Warm Hub Fund | 2,000 |  | (2,000 | ) | - |  |

| BAVO Grant 2024 | 1,265 |  | (1,265 | ) | - |  |

| Sports Foundation Grant | 500 |  | (500 | ) | - |  |

| The Community Matters Fund (Cost of Living) | 10,000 |  | (10,000 | ) | - |  |

| Pyle Community Council Grant | 200 |  | (200 | ) | - |  |

13,965 |  | (19,135 | ) | (5,170 | ) |

| TOTAL FUNDS | 75,213 |  | (84,478 | ) | (9,265 | ) |

| Restricted funds

| Restricted funds represent balances held to fund future projects where the resources have been received and are required by the donors to fund a specific project.

| Transfers between funds

| Transfers between funds arise where unrestricted funds have been used to fund shortfalls in restricted projects. The free reserves are available to provide funds to cashflow projects funded on a retrospective basis and are available with the approval of the trustees to fund any expenditure on projects or expenses which fall within the organisations general aims and objectives. They are accumulated in accordance with the reserve policy as stated in the Trustee Report.

| Designated funds

| Designated funds represent the amounts set aside to write down the remaining net book value of fixed assets held against unrestricted funds.

| Activities undertaken within each major restricted fund

| The restricted funds of the charity have been applied during the year or are held for future expenditure in the following area:

| Big Lottery Asset Fund

| This was funding in 2005 for refurbishment of the Talbot Community Centre.

| BAVO Grant

| This was funding to support action against poverty in the local community.

| Pyle Community Council

| This was to help fund Halloween activities.

| Sports Foundation Grant

| This was funding to support sports activities in the centre.

| TALBOT COMMUNITY CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | MOVEMENT IN FUNDS - continued

| Community Foundation Wales Fund (Cost of Living)

| This was to support cost of living increases in the centre.

15. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 31 March 2025.

16. | GIFTS IN KIND

| Volunteer time

| The value of volunteer time is not quantified in terms of money, but the time contributed by volunteers is an invaluable resource in terms of the outstanding contribution made by them. The average number of volunteers in the year was 1 (2024: 1).

17. | GOING CONCERN

| Free reserves have increased during the year, but the trustees remain aware that future income streams are uncertain. However, different sources of income generation are continually reviewed, together with cost savings where possible, therefore the trustees are confident that the financial difficulties will be overcome and have therefore prepared the accounts on a going concern basis.