Charity rngistratlon Thumb•r 1067535 {England and Wal¢sl Company rngistration number 03195860 BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1111 •AEHC05PU" 13112r2tr25 C(WPANIES H(XJSE 111 A15
19
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED CONTENTS Pag• Truslees report Indèpendent èxaminers report ststemenl of finanual aclivths Balance sheet Note510 Ihe financial stateents JO-22
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Thè trustees present their anrrtol fina1 stslements for the year ended 31 March 2024. The financial ststemerts havè been Ixepared in acc4)rdarK¢ Wbth the accoLJniing pofKies sel the note$ lo the rinanrAal statements and cornpty wilh the goveming doDJment, the Companies Act 20l and "Ac(x)unling and Reporling by Charibes.. Stalemenl of Rec4)mmended Pracaice appbicable to charities preparing their accounts in accordance with the FirwKial Rep1¥3 Stand¥d apWicable n the UK and Republic of Ireland (FRS 102) (effadive 1 January 2019)" Obl•etives and aeti¥ili•s The purpose of Bryncynon Comrnwity Re)fi¥al Strategy is set out in the MisSn Statemwrt and states". The (8ntys object5 are to provide tsule5 in the iereStS of the advancemenl of education and social wellare wih the purpose of improwng the ltiOn and quaty of kre kn the residents of Bryncyrhon in the Rhondda Cynon Taff Area. Publle 8en•fft During the year. the Trustees pad regard to ts gudanc issu8d by the Charity CCmTh)ft wilh regards lo public benefft in deuthtg ¥thith actsbibes Ihe Charity needs to undertake. Our main actrvities and benefic4aries of those aCts¥itS are described below. 1 our tharilaLqe adivitses fo¢u$ on helping the community and seryes to Iw1her our dltable purFose for public benefiL tring the period 2023- 2024, tr ryganw1l.$ owlryeswe •$ Ic4kMs: Strat•gl¢ ObJ•ctlv•s: . Incrèase levels of irthme gwity) in all areas of tAryks to secure unrestrithd fimthr4J to ensure to Sustainabilty of the OTganisalMIn. . Secure grant fun¢lng to mawrtan and expkxe ways of expandirwJ TTent proVtSiLS. . Conte to buld w go(Kl wic• by mainlainiThJ. aThJ where necessary. by impn>bing standaTth. . Promote Ihe work olthe tyganisalJn hxaly btsth wilh the ccmnmunity arKI bu5ine55es. . After devehJpinl of Bryr Cormwnity Centre. to ltiNe developiThJ pmtsions auoss the Lrmer Cynon Vo1. . Engage wilh professional siw to assist in income generat and fundraisry. Enga9¢ T1 Ad Leaming Wales to de0p opportunities for residents. . Deveh>p a range of seThices tha¢ focus on older people in the Lmr Cynw VaM•y. . Deveh)p a range of seplices to aid C4Xbvnunty members with povety. (llI¥j lood p¢)vety and su$tainth provisions around Ihis. H•althy LlvlnglFeel Good F¢tory Objectiwts: . To conlwwe to uMi5e the Feel Gd Fadwy as a re¥j[ and 5upF certre for the (tlmmuiwty. . Thrw the implemenkn ofthe Fare Share scrne. pro¥Nle free or knCOSt fo(xl and rnea lo Ihose in the cornm1ty. . Support ways of generating frn the Feel Good Fa(kny in ldilion to the room hire fa¢ility available to local organNtions. . In¢rease the Mabthty of th• cwrfr• a$ a resou for the corrffiunity meat lh• fte$ of those famitr$ who ar• slwgglThJ ltrwwjh the d•sWubon offree It to anyone WI ne$
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Flnance ObJe¢t•ves: Facilitsle the devekjpment of BrynCY Communty R1val Strategy Ltd. To implement a robust fijnding strtgy whth 11KdeS l)id wrilirwJ and business spons¢x$hip. Contrib towards thè smooth nmnin9 01 Ihe organisalion strè¥rnlininy Of ffinante and adminislralion functions. Best us• of all Bryncynon Strategls as5et5 to generate maximum #icome. Continue to look for opw)rlunthS io reduce running $ts afKI ensure Ihat the tharity wns as efficiently as possible. To devekjp a minimum of 6 months serVeS. Protect jobs. Youth ¢)bj•ctivts: Identify funding opportunities for y¢xrth provision for delIry through the community centre hub. Oelivery of specifK youth actiwbes delivered through extemal fvndiry. Engage young people Ihrough a ¢ommunrty questwjnnairt to e¥tabli$h what youth they would like to see in thè region. To work with the local schod lo suppwt the provision of free or lowost food (packed lunches or after $chool meals) for Ihose k)w inccrfne. To address ¢hihY wvsty with a fangè of schemes to SUPF4Xt famih'es in need. Encourage Volunteering amrrfJ yourvJ people and provJe training to promote development. Earty Yearn Objective3: To continue to successfumy delrver the FtyiThJ Starf Provision. offemg a full pro4rysion under tlis agenda, looknng into expansion opportunities 4then they arise. Promote and teach heallhy lifes arnongst 5$ and their parents. Maintarn regular playgroup and Way sdme provisions in the community. Generate income by developing acliwiies at the Growing Together Centre and at other centres. Continue to improve the semces womded tOUgh a pro9ramffe of stsff training and personal development. Engage lamilÈes in aCtilIeS to supwt childcare and fanNly cohesion. Engage with agenuès supporting families with disatAed chldren who would benèfit from the use of the $trn$ory room in the youth centre.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Caterlng Obl•ctlv•s: Cafe opening hours to be reduced to ensure bilitY of food s•Nices. Expand the buffel delivery serbice to help generate addrfional inlrne. To use Ihe Fashe loc to prokide free or Ijyst me to people and $erMor ctttzens and those on low income. To encourage fwnilies to use café lo provide h)¥Kost famity meals. To ¢ffib"nue lo develop the free ft)od d ¢ommunty fridge initiatsve which enables us lo provide the communty wth free groctries to Wp support Iheirfamilies. Café to prOdÈ hot meals to Over f4)s in Ihe comThwrxty using door delNery. Admlnlstratlon and IT Obièetlves: Maintain efficient administration, personnel and IT wo¥7$1. Loc for most ¢osi-effe¢live provision. Co-ordinale and monitor Yontee9 wilhin the organisalion. Ensure effective staff training and development ac¥oss all areas ol Bryncynon CommltY Rethval Slrategy Ltd. The trustees have paid duÈ rÈgard to guanCe issued by the Charity Commission in decith'ng at activities thè eharty should undertake. Achlevements and perfomMnce We have been successful in 5e¢urirbg the Investors in Volunteers award. This cognISeS our comrnilment to our volunteers a¢)55 the entirety ol th8 Ofganisatson and Iruly Ye the contn'bution Ihey make. their dedication and commilm&nl. Securèd funding Irom a varth of sources for our Listenin9 Project whth will see telèphonè support and volLtnte•rs who will bring objer peoF4e to the Feel Good Factory as well as providin9 a hol meal delivery seryice to those that need it. We have been able to Sere fundin9 for the Food Pantry to provide affordable lood to residenfs and empby someone to coordinate ihe Food Pantry. liaising with suppliers and Servi user5 to ensure we deliver a value-for money service for some of Ihe mosl vulnerable wthin our mmUntty. al frorn a mI08b. wel¢ominy and wami sp¥¢e in a fomer offi¢¢ space. We have Iransport deS in use to ensure trspty1 barri?rs are all¢vialed when peoplo ar• asS mu needed seM¢es. Brynrynon Community Revival Strategy has COntUed lo delNer successluly its Flying Start provision throu9h its Growin9 Together Centre. We are increawngty the provider of chotce for earfy years and after school provis. We dèlivered Holiday Hunger and are successlulty deliverin9 the 31>hour chikl offer for Wales. Flying Start at the Growing Togelher Centre ts)ntinue$ io complement our sery1$ and encrage gr¢J¥lh and developmenl to local feeder schools. as welj a$ many ol Ihe childTr then going on to attend our Holiday Play and After School Clubs situated at the Community Centre. The Feel Good Factory continues to prowde an e55ential hub in the cmMUn. provhling a range of services for the local community including a weekty 'Welcorne Wednesday. where we olfer a sub5idised Food Pantry, Community Food Table. ath'wties, erw9y adwce, befitS th"¢e. trainirvj and employ1 opportunities. elc. Flnanelal r•vl•w Results for the yèar Income oflhe year was £343.71312023". £344,991). Expendilure for the year was £408,757 {2023.' £420.8131. An unfestricted def1 of £30, was reported for the year12023: deffiut of £48.C611.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy tt is the poh.cy of the Charty to genefate and maintain ndS in order that it can mantain its operations for th8 foreseeable frjture. aiming for a minimum of 6 monihs in opèrating costs in rèseNes. Unrestrieted funds are generated in order to trJ¥er expenditure nol covered by othtr Spe¢rf grants and any short lem fvnding shortfa115 whi¢h may occur from time to timè. As at 31st March 2024, thè charity's free Se*S (Unreslrithd reserves less tred a$setsl alTyn1¢d lo £54.872 12023.. £87.5931. Prin¢ipl• Funding Sourc•¥ The prinople funding source of Bryncynon Communty Revwal Strategy Ltd for the year eTrJed 31st March 2024 was National Lotlery. Flying Start and RCT Grant fvnding. In addrtion. we have sered relatively small pots of lunding lor projects. We have. however. secured £250k funding from Ihe National Lottery- People and Places grant lo continue the work and development of our knstening ProJ"Èet going foTh¥ard an¢J Impron9 the sèrvices lor older people in the area. knvestmnl poll¢y and obl•Gti¥es The Charrty is taknng on the most appropriate policy loi investing surplus fvnds which may arise from tThe lo time an¢J Consider that an interes1-aring dèposit account is suitable for holdirg such ftJnd$. All projects have an exit strategy and ihere is a continual review and search for funding for $ustainabilrty evenlualty leading to less grant dependency_ Thè trustees are responsib for safeguarding the chantys assets and ensLEring their proper application in accordance with charity law and hence taking reasonatjle steps lor the preventron and detection of frdud, error and other irregularities. v•stm•nt pollcy and obj•ctlves The Charty is taking on Ihe mosl appropriate for invesiing surplus fvnds vthich may arise trom time to time and nSIder that an inleS1-be8Y deposrt a¢count is suitat4e for hcAdin9 suth ftmd$. All projects have exit strategy and there is a cont¥iual ièview and search for fvnding foT Sustainability eventually leading to less grant dependency_ The trustees are spOnSIb for safeguarding the charivs assèts and ensLmg thÈir propèr app14cation in accordance with Charity law and herKe tan9 reasonable st•ps for the preVentn and deteth.on of fraud. error and other irregularities. The Bryncynon Community cent VAII provide a space to dèvelop ser¥eS for chldren and famAies and this will also be a prionty going forward. markekn.ng of the Feel Goo(l Fa(xw and rts Catering Ser¥ice5 are a bi9 focjjs for the organi58tion and we are continuing to improve marteting material. bolh in nI and online. stry¢ture. gov•mance and managèment The Brynwon Community Centre will prwde ¥ spe to delOP servkx5 fr>r thldren and tsmlie5 and this will ¥lsts bè a pritirity going foard. Markèting ol the Fed Good Factory and its Catering Sèrvices ar• a big foojs for Ihe organisation and we are continuing lo improve marketing material. bolh in pnnt arKI online.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Inductlon and tralnlng tfK nèw truste•s Al trustees receive train0 in the foUowir)g'. Roles and responsibilibes of Trustees Heafth and Safety legislatw Charity Law Company and finance matters In support of the above, regular updales are given al the monlhty trustee meetiThJs or as and when required. Qualifying third party indemnity provisions Going Concern These financial Statements are prepared on Ihe going cijncem basrs. The trustee5 have a Teasonable expectation that the charrty will wntinue in operational exislence for the foreseeab future. Having redUd the runnirbg costs of th* charity fLuraiSing acty"vity. we are confidenl Ihi5 will enable the organi5atKJn lo conlinue. The organisatson was impaded signifi¢anlty in this year by the Sedor ¢uts SU1{1ng in a bss of room bookings from the Local Authofty and Local Health Board. To replace we have forged new partnerships wrth Adult Learning Wales and others and the beneffts oflhis Sho be seen in the nexl finanaal year.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Rèfèr•nu •nd anIStr#v• d8lals BryncyTroh commty Rury¥ Stsate9y Lintsd Company Mumb•r03195860 Charbty Numbw 1067535 ROted Office: The Feel Gd Factory Abèrcynon Road Abercynon Mountain Ash Rhonnda Cynon Taff UK CF45 4XZ Independent examlntr AzelsAudit SeTrices TyDe Llme Tree Court Cardiff Gate Business Pa Cardrft CF23 8AB Princiyl B•nk¢ Uoyds Bank 12 Canan Street Aberda CF44 7AR The trusteès. WI •e alsotr* dr¢¢tors forthe ofo)mp•y law. and wlw ser¥ed dwing the year woo: Ashleigh Jone$ John E¢Sward 8rathJi¢k Stephen Gould Math Lesl'e Steven% The Truslee5 report was M•rk Stev¢n$¢ Trustee Dole.. 11th Dember 2025
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED I report to the Irustees on my examination ol the financial statements of Brynon Community Revival Strategy Limited {Ihe charity) for the year ended 31 March 2024. Re$pon5ibilib•s and basis of report As Ihe trustees of the charity (and also its direclors for thè purposès of company lawl, you are responsible for the preparation ofthe financial statements in accordance wilh thè requFrements of the Comparwes Act 2Q)6. Hawng $8tisfied myself that the finawal staternents of the charity are nol required lo be audTted under Part 16 01 the Cornpanies Act 2006 and are eligtble for independenl examination, I report in respect ol my examination of the charity's finanaal statements carrie(l out under sedi*)n 145 of the Charitie5 Act 2011. In Carrying oul my ex3rninalion I have fcAIow8d thè Owections 9i¥en by the Charity Commission under se&lion 145IS)Ibl of the Charites Act 2011. Ind•pendent tle$ stal•m•nt &"nce the charity's gross inco exceedÈd £250.OLJO your examiner rnust be a rnernr of a body h.sted in secb'on 145 01 the 2011 Act. I confimi that l am qua1ffjd to undertake the examinati¢)n because l am a mémbèr of thè Association ol Chartered cert1 Accountants. which is ont of thè h.sled bodies. I have coMete my examinaticffl. I confirn Ihat no matters have come to my attention in connection with the examinalion giving me Gause to believe that in any material respecl.. accounb'ng records were not kept in respeci of the ¢hartty a$ requirèd by seCtn 386 of the Companiès Act 2006. the financial statempnls do not aeeord wth those records.. or the financial Statements do not comply ¥th the a¢nting requiremen15 of sectTron 3% of the Companies Act 2006 tyther than any requirement that the financial slatements gt¥e ¥ and fair ew, whi¢h is ¥ matter ¢onsidèrÈd as part of an indepndent examination., or the financial slalements have not been prepared in arLordanc£ with ihe rnethods and Principles ol ihe Slalement of RecornmerKled Prath"rR for arUntIng and reporting by tharitS applirable lo charitie5 preparin9 thèii financial statements in accordance wrth the Financial Rewjrting Slandard appli¢able in the UK and Republic ol Ireland (FRS 1021. I have no concems and have come across no olher matters in connection Ihe examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial 5talemenl5 to be reached. Crnl9 Y•arsley FCCA Azets Audit Serniees Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff South Glamor9an CF23 8A8 United Kingdom Oaled..1211212025
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restri¢t•d fund5 lunds 2024 2024 Total UnstrICted Restricted funds funds 2023 2023 Totsl 2024 2023 kncome from: Donations and legaaes Charitable activities Othèr trading activities 5,952 35,684 17.277 5,952 320.484 17.277 5.819 55.238 34.709 5.819 304.463 34.709 284,800 249.225 Total Income 58,913 284.800 343,713 95,766 249.225 344.991 Expenditur• on: Raising funds Charitable actiwties 6.342 83.537 6.342 402,415 17.975 125.852 17.975 402,838 318.878 276,986 Totsl èxpondilure 89.879 318.878 408.757 143.827 276,986 420,813 Net expenditur• and movement in funds (30.9661 (34.0781 {65.0441 148.L%11 127.7611 175,822) Reconclliatlon of funts.. Fund balance$ at 1 April 2023 179.369 739.839 919.208 227,430 767.600 995,030 Fund balane*s at 31 Ilarch 2024 148,403 705.761 854,164 179.369 739,839 919,208 The statemenl ol fiTranaal acliviDe5 indudes all gains and losses Tecognised in the year. All irKome and expenditure derive from eonlinuin9 ac[iMts.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED BALANCE SHEET ASAf31 MARCH2024 2024 2023 Flx•d Tangib a&8ets 12 793.212 812.303 CuThent a¥$•ts Sto¢ks Debtors Cash at bank and in hand 13 14 34.1 44.882 10,734 119.4W2 79.672 130,826 Cr•dltors: amounts falllng du• llhln on• year 15 (18.720) (23.9211 N•t curr•nt .952 1(6,905 Totsl ass•ts I• ¢urrnnt Ilabl4110s 854.164 919.208 The fvnds of th¢ ¢harlty Restrided income fw)d$ Unrèstricted funds 17 705.761 148,403 739,839 179,369 854.164 919,208 The company is enliUe(I to Ihe exemtrtw)n Ihe audil reqwrement ¢XMtsined in seLliorn 477 ofthe CompaniesA 20(6. for the year ended 31 M¥rth 2024. The dlr•ctws athiowledge Iher resIbIlibes for comptying with ihe requirements of the Cowies Acl 2( The members have not required the c4)mpany to obtsin an *lit of ts fthwioal statemgnts forts year quèstion #i 8cc¢rdan¢8 w¢h tIln 476. These firbantyal statements have been wepared in accothce with the provisions applica>le to Cornpan subjed to thè small eompanies rwme. The financial statements were apFYo¥ed tylh8 ewstees Mark Stevenson Tru$ts• Company registr•liM number 03195860 IErW Wales)
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting poli¢ies Charlty inforniation Bryneynon Communty Revival Slralegy Limited is a privatè company limited by guaranlee incorporated in England and Wales. The regiStèrÉd officé is The Feel GC Fadory. Aberwon Road, Ynysboeth. Mounlain Ash. Rhjndda Cynon Taff, CF45 4XZ. United King(kJm. 1.1 Aeeounting con¥entkn The finanrial statements have been prepared in accordan wrth the tharity's governing document. the Companies Act 2006 and -Aecounkn"ng and Reporling by Charities". Statèment of Rtcommended Practice applicable to charities pieparing their accounts in aecordance with the Finanaal Reporting Standard applicable in Ihe UK and Repubth"c of Ireland IFRS 1021 {effe¢tsve 1 JanLWy 2019)". The charity is a Public Benefit Enlty as dèfined by FRS 102. The charity tsken advantage of the provisic in the SORP for smaller tharilies not to prepare a Statement of Cash Flows. The finanal stateménts are prepared in sterlin9, whicti is the fvA41 ¢urrency of the charity. Monetary amounts in these finanaal statements arè rOLde<l lo the nearest £. Th8 financial statements have been prepared under thè histrytsl $t g)rwention. The princlial accounting policies adopted are set oul bebw. 1.2 Going concern At the time of approvrng the fjnanual slalements. Ihe trustees have a reason8ble expectalion Ihat the charity has adequate rèsources to continue in operational existencè for the forèsèeab future. Thus the trustees ntinue to adopt the going concem basis of aOUnts"n9 in preparing the finanaal stal•m•nts. 1.3 Charitable funds Unrestricted funds are available for Ltse at the disryetw of the truslees in fvrthÈr3 of Iheir charitable objèth"ves. Restricied ftJnd5 a subiecl to spe¢rfic ¢onditsons by donors or grantors as to how they may be used. The PLwposes and uses ofthe restricted funds are set OLrt in the notes lo the finan(aal stat•m•nts. 1.4 Incom• Incomè is recognised when the ¢harity is legany entilled to it after any performance condrfion$ have been met. the amtyjnts caft be measured reh'abty, and it Is probable that wtcome WIN be recelved. C8sh donalion5 are recdO9nised on receipt. Othef t1onab.ons art recognistd onr the has been notrfied ol the donation. unless performarv condihons require deferral ol the amount. Income tax recoverable in relabon to datiOnS receivtd LM)dÈr GrfIAKI or deeds of ent is reCniSed al the time ol the donatic. Grants a recognised wthen received. Intome from fvndraising is recognised when rec•i¥•d. Income from luition and other 1$ rewni5ed wthen re1Ved. 10-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policie IContinu•d} 1.5 Exp•ndltuY• Expendilure 1$ recogni5ed on an accwal$ basis a$ a Ikibility is incurred. EXpend[tU include5 any VAT whi¢h cannot bè fully rectsveiefl. and is reported as pari of the expendrture to whth rt reL3tes. Charilable expenditu compiise5 those costs InCLTed by the Charity in the delwery of its activlies and services for its benefiuaries. It indudes both costs that can be aNocaled d1Ctty to suth aclivlies and those Costs of an indwect nalure nKe$sary to support Ihem. Govemance ctssts indude those costs asswated wilh meetin9 the nSti1u110naI and statLrtory requirement5 of the Charity and indude audii feès and costs linked 10 the Straiegic managemeni of Ihe Chty. All costs are allocated been the expen(liture cale9ories ol the Stalemenl of Financial Activities on a basi5 designed io reflect the use of the resource. Costs relab.ng to a parttcular aMty a allocated directly.. others are appOrtned on an appropriate basis. l.fj TangIb fix•d •s$ets Tangible fixed assets are initialty rnea$ured al cosl and subsequenuy ffeasured al cost or valuatson, of depreciation and any impairrnènt losses. Deprerialion is recognised so as to wrle off the cost tsr valuabon of a55ets less their residual vahjes over their useful lives on the following bases." Freehold lar and buildir Plant and equipment Molor vehides 2% on cost & Rwovements 5% on $1 25% re(luring balance 12.5% reducing balance The gain or loss arising on the disposal of an asset is dem)Ine(l as the drfference beN¥een the sale proceeds and the carrr4 value ofthe assel. and is recOgnd in the slatement offinancial actiwiie$. Fixed 8SSÈt additions eosling less than £g10 are not eaprtalised. 1.7 lmpalrnnt of fixed assets Al each reporting end date. the chaity reviews Ihe caryin9 amounts of ils tangible assets lo determine whether there is any indication that those assets have Suffered an impawmenl bss. 11 any such IndtIOn exists. the reCoverae amount of asset is estimated in order to delermir the exlent of the paIrment loss Irf any). 1.8 Stocks Slo¢ks ai• stated at the Ier of cost and estThated selling pite l•ss costs lo comptt and sell. Cosl mprises d1ct materials and, where applicable. direct labour costs and Ihose 0rheadS that have been bncurred in bringing the stock5 to their presenl location and condrtion. Items hekl for distribution at no or nominal consthration are measured the lower of replacement cosl and cosl. Net realisable w41LSe is the estimated seltng prtt kns al estimated (y)sts of compleb.on and ¢o$ts lo be incLwred marketing, seling and dislribution. 1.9 Cash and cash •qulvahnts Cash and cash equivalents i[ud cash in hand. deptssrts hehy at call 7*rith banks, oiher short-terrn liquid invèstments wrth original maturitiès ol three months or less. and bank overdrafts. Bartk overdrafts are shown within bornowings in currÈnt liabilthes. 11
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aceountlng pollcles Icontinuèdl 1.10 Financial instruments The charity has elected to apply the provtsions of seCtn 11 '8asic FinanrAal Instruments, and Section 12 'Other Financial In5tnJrnents Issues. of FRS 102 to al of its finarKÈal instruments. Finaneial Instruments are reeognised in the chartys bnce St vtt*n Ihe charity becomes party to the contractual provisions of the instrument. Finawal a5set5 and h'abilities are offsel. with the net amounts presènted in the finanrAal statements, when thèrè is a legalty ènfore•atr4È right to set off thè rÈco9ni$ed amounts and there is an inlention to settle tsn a net basis or to realise the asset and setlle the liakn.lity simuttaneou5ty. 8asi¢ financialaets Basic financial assets, whith indude debtors and cash and bank balanets, are 1nrtia1 measured transaction price including Iran5aclKJn costs and are subsequenty carried at amorttsed cost using the effective inierest methtKI unlèss thé arrangement constiwtes a finawng Iransaction. where the transaction 1$ mèasurèd al the ptèsent value ol thè luture reeeipts discounted ai 4 morket rate of inte$t. Finanty¥l as$ets classified as CeIVable WItn one year are not am0Sed. Derecognition of financial assets Financial assets are derecognised only thè contractual right$ lo the ¢a$h flws from the asset expir? or are settled, of when the charity transfers the finanoal asset and substanlially all th• risks and rewacds ol ownership to another entity. or if Some SIgnrfanI risk5 and rewards of ownership are retained but control ol the #sset has tran$ferr¢d to another party that 15 able lo sel the asset in ils entirety to an unrelated third party. Inancialliabilities Basic financial liabilth"&s, including Crrt0ts and bank loans are inrtialty renised at transaction prirR unles$ Ihe arrangement constrtlrtes a financing transactKJn. where the debt instrnment is measured at thè prèsent value of the future payments discounted at a market rate of inteTesL Finanual labilities dassified as payable wrthin one year are not amoth"sed. Debt instruments are subsequenlty carried at amoriised cosl. using the effectNe interest rale method. Trade CTeditors ale obla.0ns to pay for goods or se$ that have been acquired in Ihe ordinary course of operations from suppliers. Amounts paYale are dassthed as current liabilities if Pat Is due within one year or less. If not, they are presented as nOn-jrnl Ikabililies. Trade ueditors are recognised initially at transaction price and subsequenVy measured al amortised cost using the effective interest method. Dereeognition of finan¢ialliabilities Financial liabilities are dere915ed when the thariws wntradLHI obli9ab"on$ expire or are discharged or cancelled. 1.11 Employee benefits The cosl ol any unLtsed holiday entillemènt is reCOlSed in the P8T1(l in which the employ•è's s•Nices ar• received. Ttrminatson nèfitS ar& r¢¢ognised immediatèly a$ an expense when the ¢harity is demon$traNy commiitgd to terminale the employment ol an employee or to provide lemiinatK)n benefrts. 1.12 Retlrement benefrts Payments to defined conlribution retirement benefrt sthemes ¥e charged as an expense as Ihey lal due. 12-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Criti¢al aeeounting estim•l•$ and judgements In the appli&ition of the chariVs accojnkn.ng poIles, the trustee5 art rèquired to make judgèmènts. estimates and assumptions about the carrying amount of assets and lial"t$ that are not readi apparent from other sources. The estimates and associated assumptKJns are based on historical experience and other factors that are consideod to be relevant. A(aual res5 may drffeT from these eslimates. The eslimates and underlyin9 assumptr)n$ are re%ryewed on an ongoing basis. Revisions lo accountin9 estimates are recognised in the pefiod sn which the èstimate is rebry5ed where thè revtsion affects Ihal period. or in thè period of the rewsion and lulure periods where Ihe re$10n affeits bolh fwrrent and future period5. Ineomè from don•tlons •nd1¢9•eies Unrnstrieted fvnds 2024 Unr•¥tri¢tsd funds 2023 Donations and gifts 5.952 5,819 Income from charllable aclivil Tolal Unrnstrlcted Restrletsd funds fund5 2023 2023 Total funds 21124 funds 2024 2024 2023 Incomè from charitabk Actl¥ltl•s Tuition and other income young children and youth activities Granls 35.684 55,238 55,238 249.225 284.800 284.8 249.225 35.684 284.8 320.484 55.238 249.225 304.463 13-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ineomè from Charitab acli¥ltl•s {Continuedl Perfonnance rel•led gTrnts analysis Incomè from Ineomè from Charitabl• Charitsblt Acti¥itis Activities 2024 2023 FtyirrfJ Start RCTCBC ASC & Playscheme National Lottery- People a)d Places People5 Postcode Lottery RCTCBC Grants WCVA- Third Sector Resilience Grants cwvys RCT Ftying Start RCTCBC- Sustainable Food RCTCBC- Neighbc¥Jrhood Netsvo RCTCBC- nter Hardship Fund RCTCBC- UK Govemment Shared Prosperity Fund RCTCBC- Dementia Fiiendty Grant RCTC8C- Communty Faul.S Support Grant RCTCBC - Camal Grant {GTC Garden) Inlerlink Coalfields Community Foundation in Walès National Grid 70,421 10.311 69,182 23,192 20,971 42,353 9,981 13.486 96.454 90,595 1.993 1.990 44.900 1,080 13,834 1,493 1.954 s,ofK) 9.976 284.8C 249,225 Incomè from (th•r tradlng aeti¥ilis Unrestiittèd Umrè$tri¢tsd funds lunds 2024 2023 NOrch1te trading actiMis Fundr8i$ing events 15,443 1.834 32,561 2.148 Other Irading actmties 17,277 34,709 14-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exp•nditurn on ralslng funds Unr•strkt•d Unrnstrict•d funds funds 2024 2023 Fundraising and publicity Seeking ¢Jonations, grants k9acies 6.342 17.975 Expothditurè on chaiitsbk actrvitiès Totsl 2024 Tgtsl 2023 Dir¢¢t ¢osts Staff wsts Depreciation and impairm8nt General activty Independenl examination fees Legal and prolessional feés 249,297 35.721 110.697 6,592 222.983 41.022 134.995 3.720 118 402,415 402,838 Analysis by fund Unrestricted funds Restricted funds 83.537 318,878 125.852 276,986 402.415 402,838 N•t movement in lunds 2024 2023 The net movernenl in funds is Staled after thar91ngl{CrlIg). Fees payable for the independent examinatwjn of (aiitys ffinawal slaternents Depreciation of ovmed tangible fixed assets 5,1¢0 35,721 4.092 41,022 rru$t••s None of the trustees IOT any persons connected with them) feceived any remunerat)n or beneffts from the charity during the year. No trustees w8re reimbwsed for mdeage costs during the year (2023.. £114). 15-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employ••s The average monthly number of effoloyees durin9 the year was.. 2024 Number 2023 Numbèr Main project activils and administra1n Part time staff 12 Totsl 15 16 Employmènt costs 2024 2023 Wages and salaries Social securrty costs Other pensJn costs 233,696 10.479 5.122 210.527 8,072 4.384 249,297 222.983 Key management person1 The key management personnel of the tharity during the peri¢)d are noted irb the trustees report. The total emduments and beneffts recaved by the key management personnel dur)g the year was £97.269 12023: £89.270}. There were no empltyees Tthose annual remje14n was more ihan £60,(m. 11 TJuti¢n The charity is exempt from tax on income and gains falling wrthin seclion 505 of the Taxes Act 1988 or seclion 252 of the Taxation ol CharyJeable GwnsA¢t 1992 to the e¥tent that Ihe5e are applitd to its charilablè objeets. 16-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 12 TOng1b f•xed assets FTrehohl land Plant and and buldings •qulpmwnt Tot•1 v•hlcl•s Cost Al 1 Apr 2023 Additions 1.081.321 13,833 382.585 2,800 37.185 1,501,091 16.633 Al 31 March 2024 1.095.154 385,385 37,185 1,517.724 D•pre¢iation •nd impoirment At 1 April 2023 Depreciation charged in the ye 326.900 23.072 353.378 8.001 8,515 4.648 688.791 35.721 At 31 March 2024 349.972 361.377 13.163 724,512 Carryin9 amount At 31 March 2024 745.182 24.008 24.022 793,212 At 31 2023 754.423 29.210 28.670 812.303 13 Sto¢ks 2024 2123 Finished goods and goods for sale 14 Debtors 2024 2023 Amounts lalling due tfvAthin one year: Trade debtoTs 34.1 10,734 15 CY*d¢ti>rs: •mounts falling du• wilhin one year 2024 2023 Tradè creditors Other creditors Accruals and t1eferre(l income 7.529 S,191 11,010 9.411 18,720 23,921 17-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 R•tir•ment b•n•fft h•M•S 2024 2023 Oefined contribution Schemes Charg• to Fmofrt LY loss in r•spect of defmed contrul?n %*emes 5.122 4.384 Thè d)arity operates a defined con1ribut pensth 5theme fr>r all qualifymg Èmployees. The assèts of the scheme are heKI separalety from those of the charty in an Indendent adminisfrred lund. 18-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEAIENTS (c4TINUEDl FOR THE YEAR EPIDED 31 MARCH 2024 17 Resvithdfuv ¥myrn•nlln fwds IWIP21 31 llarth2O14 Fwed awlrv5erwJ Intgrfink Communty Fowdikn 744.7TI 42U) 720.527 PO,8461 699,681 1.493 6.312 14ffj59 (2Y.141) 114.6S91 11.9551 (61.e821 RCT L>anls OtherGraAts VJ Lottery Pe(yk8 P RCTBC P* &ASC Grar RCTBC FInI sian People6 Po$tcthJe Lollery cvNYs Thid Re$lienll• ¢kn iVA) 67,795 106,7161 I,OBD 69.182 .454 1J.480 ,595 11Q3,9541 113.4861 .5951 70,420 (70.42 23,192 111.380) 9.951 (9.9011 142.353) 11M12 (9,9761 767.6W 24922$ Q76.gW rn.b39 284.8 705.761
8RYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 17 R•th¢todknd¥ daCation ofequiprnni, fvr¢S ts9%the tytrefvnd. newslellei ojsts. deli¥ery¢os. ritioMI Gild. Fundiry a kninler pJ. IrrfthJ hab. vJ ih¥rn tknkds, aid ($. verwje
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 18 Unvtstricted fund$ At 1 Aprll 2023 Ineoming sources Resoure•s At 31 Marth expended 2024 General fvnds 179.369 $8.913 189.8791 148,403 Previou$ year. At 1 April 2022 In¢oming R•sour¢ès At 31 Mareh expèndèd 2023 GenÉi¥l lunds 227.430 95,766 1143,82n 179,369 19 Anafysls of nèt assets betwn fund¥ Unrestricted Restrfcted lund$ funqls 2024 2024 Totsl 2024 At 31 March 2024: Tangibje assets Currenl a5setsllliabilrtiesl 93.531 54.872 699,681 6.080 793.212 60.952 148,403 705.761 854,164 Unr¥strieted fvnds 2023 Restriet funds 2023 Total 2023 At 31 Marth 2023: Tangible assels Current assetsllliabilth"Ès) 91,776 87,593 720,527 19,312 812,303 106,905 179,369 739,839 919,208 21
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Operatwig1o¥e conlIMents L•ss• At the reporting end date the tharty had outstanding commitrnent5 for fijturt minimum ase payments under non-cancellable operating lease5. whKh fall due as follows.. 2024 2023 thin one year Beeen h¥0 and fve years 4.282 6,420 2,651 2,782 10.702 5.433 21 R•lat•d party transacllons There wera no other related party Iransadws in th¢ current or previous yèar. -22-