GRAND PAVILION EVENTS C.I.C.

Company limited by guarantee

Company Registration Number:
10059954 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

GRAND PAVILION EVENTS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GRAND PAVILION EVENTS C.I.C.

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

Grand Pavilion Events CIC was registered on 13 March 2016 as a community interestcompany to benefit the residents of Llandrindod Wells and surrounding areas. It plans todevelop the building known as “Pavilion Mid Wales” into a thriving community venue offering an extensive programme of live music, grassroots music, arts & culture and community events. Additional information: Grand Pavilion Events CIC operates Pavilion Mid Wales as a not-for-profit venue. Any surplus generated is re-invested into the upkeep, maintenance and improvement of the building and the services offered. The financial year 2024/2025 has been one of continued resilience, community growth and programme expansion. Community engagement increased throughout the year across live music, children’s theatre, comedy and private hire events. In addition, the year saw a continued increase in rehearsal room bookings from both established groups and emerging musicians. It has been encouraging to see new local bands forming and using Pavilion Mid Wales as a creative base, contributing positively to the growth of the local grassroots music scene. Operational efficiencies initiated in previous years to reduce expenditure, particularly around energy usage and operational overheads, continued to be effective and are reflected in this year’s accounts. Our focus remains on improving sustainability, accessibility and long-term viability. A significant milestone during the year was the award of a £25,000 grant from People Postcode Lottery–Postcode Community Trust. This crucial funding would enable the purchase of additional equipment required to complete our new PA system, significantly improving technical capability and enhancing the audience, performer and hirer experience. Part of the funding was also used to programme a series of “free” family shows for later in 2025. Work was completed on a feasibility study of Pavilion Mid Wales which was grant funded through Shared Prosperity Fund – Community and Place. This study has provided valuable information regarding the condition of the building and potential development projects for the future. At the end of 2024, the directors were approached by the landlords, Powys County Council, regarding a potential asset transfer. An expression of interest was submitted to the Strategic Asset Board in December and as at the end of the financial year negotiations are ongoing.



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Helen Edwards
 Jason Hawker
 Michael Morgan
 Christopher Rogers

The director shown below has held office during the period of
1 April 2024 to 8 November 2024

Paul Kinrade

The director shown below has held office during the period of
1 November 2024 to 31 March 2025

Claire-Joanne Dean

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 December 2025

And signed on behalf of the board by:
Name: Helen Edwards
Status: Director

GRAND PAVILION EVENTS C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 112,427 133,362
Cost of sales: ( 56,264 ) ( 59,571 )
Gross profit(or loss): 56,163 73,791
Administrative expenses: ( 64,764 ) ( 68,692 )
Operating profit(or loss): (8,601) 5,099
Profit(or loss) before tax: (8,601) 5,099
Profit(or loss) for the financial year: (8,601) 5,099

GRAND PAVILION EVENTS C.I.C.

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 16,416 20,520
Total fixed assets: 16,416 20,520
Current assets
Stocks: 4 1,429 945
Debtors: 5 1,060 3,473
Cash at bank and in hand: 19,207 13,047
Total current assets: 21,696 17,465
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 3,864 )
Net current assets (liabilities): 21,696 13,601
Total assets less current liabilities: 38,112 34,121
Creditors: amounts falling due after more than one year: 7 ( 5,179 ) ( 5,179 )
Accruals and deferred income: ( 24,758 ) ( 12,166 )
Total net assets (liabilities): 8,175 16,776
Members' funds
Profit and loss account: 8,175 16,776
Total members' funds: 8,175 16,776

The notes form part of these financial statements

GRAND PAVILION EVENTS C.I.C.

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 December 2025
and signed on behalf of the board by:

Name: Helen Edwards
Status: Director

The notes form part of these financial statements

GRAND PAVILION EVENTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows: Fixtures, fittings, tools and equipment: 20% per annum

    Other accounting policies

    Stock 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.

GRAND PAVILION EVENTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 3 3

GRAND PAVILION EVENTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 40,524 40,524
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 40,524 40,524
Depreciation
At 1 April 2024 20,004 20,004
Charge for year 4,104 4,104
On disposals
Other adjustments
At 31 March 2025 24,108 24,108
Net book value
At 31 March 2025 16,416 16,416
At 31 March 2024 20,520 20,520

GRAND PAVILION EVENTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Stocks

2025 2024
£ £
Stocks 1,429 945
Total 1,429 945

GRAND PAVILION EVENTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors

2025 2024
£ £
Trade debtors 1,060 3,473
Total 1,060 3,473

GRAND PAVILION EVENTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

  2024
  £
Trade creditors 3,864
Total   3,864

GRAND PAVILION EVENTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 5,179 5,179
Total 5,179 5,179

The amount of £5,179 (£5,179 - 2024) relates to the balance of a loan made to the CIC by 2 directors.

COMMUNITY INTEREST ANNUAL REPORT

GRAND PAVILION EVENTS C.I.C.

Company Number: 10059954 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

THE COMPANY CONTINUES TO OPERATE “PAVILION MID WALES” AS A COMMUNITY VENUE FOR THE BENEFIT OF THE RESIDENTS OF LLANDRINDOD WELLS AND SURROUNDING AREA. THE COMPANY HAS PROVIDED AN EXTENSIVE PROGRAMME OF LIVE MUSIC, GRASSROOTS MUSIC, ARTS AND CULTURE, AND COMMUNITY EVENTS. THE COMPANY HAS BEEN ABLE TO PROVIDE AN ACCESSIBLE AND AFFORDABLE COMMUNITY FACILITY FOR HIRE BY RESIDENTS AND LOCAL ORGANISATIONS IN LLANDRINDOD WELLS AND SURROUNDING AREA FOR CONCERTS, FESTIVALS, CONVENTIONS AND FAMILY CELEBRATIONS. THE COMPANY HAS PROVIDED PART-TIME EMPLOYMENT AND VOLUNTEERING OPPORTUNITIES FOR LOCAL RESIDENTS

Consultation with stakeholders

THE COMPANY’S PRIMARY STAKEHOLDERS ARE THE RESIDENTS AND COMMUNITY ORGANISATIONS OF LLANDRINDOD WELLS AND SURROUNDING AREA. THE COMPANY CONTINUES TO WORK WITH LOCAL ORGANISATIONS AND BUILD STRONG WORKING RELATIONSHIPS AMONGST THE COMMUNUNITY. THROUGH OUR TICKETING FACILITY WE HAVE USED POLLS AND SURVEYS TO FURTHER DEVELOP OUR PROGRAMME OF EVENTS. THE DIRECTORS CONTINUE TO CONSULT WITH STAKEHOLDERS THROUGH SOCIAL MEDIA AND ATTENDEE FEEDBACK FORMS.

Directors' remuneration

THE AGGREGATE AMOUNT OF REMUNERATION PAID TO OR RECEIVABLE BY DIRECTORS IN RESPECT OF QUALIFYING SERVICES WAS £12,084. THERE WERE NO OTHER TRANSACTIONS OR ARRANGEMENTS IN CONNECTION WITH THE REMUNERATION OF DIRECTORS, OR COMPENSATION FOR DIRECTOR’S LOSS OF OFFICE, WHICH REQUIRE TO BE DISCLOSED.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 December 2025

And signed on behalf of the board by:
Name: Helen Edwards
Status: Director