Tro'R Trai - Charities report - 22.2

REGISTERED COMPANY NUMBER: 09745531 (England and Wales)

REGISTERED CHARITY NUMBER: 1167884

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TRO'R TRAI

LIMITED BY GUARANTEE

Page

Report of the Trustees

1

Statement of Financial Activities

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

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 August 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).

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09745531 (England and Wales)

Registered Charity number

1167884

Registered office

The Robert Davies Partnership Llp

Wentwood House

Langstone Business Village

Newport

NP18 2HJ

Trustees

D R Davies

H Gwynfor

C Tomos

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 31 May 2024 and signed on its behalf by:

D R Davies - Trustee

31.8.23

31.8.22

Unrestricted

Total

fund

funds

Notes

£

£

EXPENDITURE ON

Raising funds

4,171

-

NET INCOME/(EXPENDITURE)

(4,171

)

-

RECONCILIATION OF FUNDS

Total funds brought forward

32,078

32,078

TOTAL FUNDS CARRIED FORWARD

27,907

32,078

31.8.23

31.8.22

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

5

25,000

25,000

CURRENT ASSETS

Cash at bank

5,718

7,798

CREDITORS

Amounts falling due within one year

6

(2,811

)

(720

)

NET CURRENT ASSETS

2,907

7,078

TOTAL ASSETS LESS CURRENT LIABILITIES

27,907

32,078

NET ASSETS

27,907

32,078

FUNDS

7

Unrestricted funds

27,907

32,078

TOTAL FUNDS

27,907

32,078

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

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

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 31 May 2024 and were signed on its behalf by:

D R Davies - Trustee

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.

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.

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

-

not provided

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.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

3.	STAFF COSTS

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

NET INCOME

-

RECONCILIATION OF FUNDS

Total funds brought forward

32,078

TOTAL FUNDS CARRIED FORWARD

32,078

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 September 2022 and 31 August 2023

25,000

NET BOOK VALUE

At 31 August 2023

25,000

At 31 August 2022

25,000

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Other creditors

1,371

-

Accrued expenses

1,440

720

2,811

720

7.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.22

in funds

31.8.23

£

£

£

Unrestricted funds

General fund

32,078

(4,171

)

27,907

TOTAL FUNDS

32,078

(4,171

)

27,907

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(4,171

)

(4,171

)

TOTAL FUNDS

-

(4,171

)

(4,171

)

8.	RELATED PARTY DISCLOSURES

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