2022-03-31-accounts

		Page
Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	lo	11
Statement of Financial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	31

			GILFACH GOGH COMMUNITY ASSOCIATION	GILFACH GOGH COMMUNITY ASSOCIATION	GILFACH GOGH COMMUNITY ASSOCIATION	GILFACH GOGH COMMUNITY ASSOCIATION	GILFACH GOGH COMMUNITY ASSOCIATION	GILFACH GOGH COMMUNITY ASSOCIATION
			LIMITED (REGISTERED NUMBER: 03233495)
				REPORT	OF THE TRUSTEES
				FOR THE YEAR		ENDED 31 MARCH		2022
REFERENCE		AND ADMINISTRATIVE		DETAILS
Legal and	administrative		information
Charity Name				Gilfach Goch Community			Association
Company	number			03233495
Charity number				1070802
Management		Committee		Geunor Evans
				Allun Warren
				Olive Francis
				Hendrik Haye
				Kay Leek
				Betsi Griffiths				Resigned	24l01i2022
				Esther Williams
				Sylvia Scammell
				Cambrian Avenue		Community
Registered	Office			Centre
				Cambrian Avenue
				Porth
				CF398TG
Company	Secretary			Kate O'Sullivan
Management		Team		Kate O' Sullivan				Association	Manager
				Joanne Cook				Finance Officer
Bankers				Barclays Bank Pic
				Leicester
				L872BB
				Santander UK Pic
				Bootle
				Merseyside
				L304GB
Auditors				Bevan Buckland	LLP
				Ground Floor, Cardigan			House
				Enterprise Park,	Castle Court
				Llansamlet
				Swansea
				SA7 9LZ

Our responsibilities for the audit ofthe financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue a Report of the Independent Reasonable assurance is a high level ofassurance, but is not a guarantee that an audit	Auditors that includes our opinion. conducted in accordance with ISAs
(UK) will always detect a material misstatement when it exists. Misstatements can	arise from fraud or error and		are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions ofusers taken on the basis ofthese financial statements. Extent to which the	audit was considered capable		of
detecting irregularities, including fraud
We identify and assess the risks of material misstatement of the Financial Statements,	whether due to fraud or error,		and
then, design and perform audit procedures responsive to those risks, including obtaining	audit evidence that is sufficient		and
appropriate to provide a basis for our opinion.
We discussed our audit independence complying with the Revised Ethical Standard 2019 with the engagement members whilst planning the audit and continually monitored our independence throughout the process.		team
The extent to which our procedures are capable ofdetecting irregularities, including fraud	is detailed below:
Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance
with laws and regulations, our procedures included the following:
- enquiring of management, including obtaining and reviewing support documentation,	concerning the 's charities policies
and procedures relating to:
identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances non-compliance;			of
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged
fraud;
- internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;
- discussing among the engagement team how and where fraud might occur in the Financial Statements and any potential indicators offraud.
- obtaining an understanding ofthe legal and regulatory frameworks that the group operates in, focusing on those laws			and
regulations that had a direct effect on the Financial Statements or that had a fundamental effect on the operations of			the
group, The key laws and regulations we considered in this context included the UK	Companies Act and relevant		tax
legislation.
Audit response to risks identified
In addition to the above, our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation	to assess compliance with relevant
laws and regulations;
enquiring of management concerning actual and potential litigation and claims; performmg analytical procedures			to
identify any unusual or unexpected relationships that may indicate risks ofmaterial misstatement due to fraud;
- reading minutes ofmeetings ofthose charged with governance,
in addressing the risk of fraud through management override of controls, testing the	appropriateness of journal entries
and other adjustments;
- assessing whether the judgements made in making accounting estimates are indicative	ofa potential bias; and
evaluating the business rationale of any significant transactions that are unusual	or outside the normal course		of
business.
We also communicated relevant identified laws and regulauons and potential fraud risks and remained alert to any indications offraud or non-compliance with laws and regulations	to all engagement team members throughout the audit.
A further description of our responsibilities for the audit of the finanaal statements is located on the Financial Reporting Council's website at www. frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent
Auditors.

						2022	2021
				Unrestricted	Restricted	Total	Total
			Notes	funds 6	funds f	funds F	funds 6
INCOME AND ENDOWMENTS		FROM
Donations and legacies				7,987		7,987	60,000
Charitable activities
Grants and contracts					651,478	651,478	737,639
Other trading activities				76,100		76,100	30,000
Other income				21,265	91,894	113,159	62,099
Total				105,352	743,372	848,724	889,738
EXPENDITURE ON
Charitable activities
Expenditure on charitable	activities			138,664	806,658	945,322	761,657
NET INCOME((EXPENDITURE)				(33,312)	(63,286)	(96,598)	128,081
Transfers between funds			18	56,954	(56,954)
Net movement in funds				23,642	(120,240)	(96,598)	128,081
RECONCILIATION OF FUNDS
Total funds brought forward				256,966	472,461	729,427	601,346
TOTAL FUNDS CARRIED	FORWARD			280,608	352,221	632,829	729,427

				2022	2021
		Unrestricted	Restricted	Total	Total
	Notes	funds	funds f	funds	funds 6
FIXEDASSETS
Tangible assets	12	47,366	341,334	388,700	426,294
Investments	13	2		2	2
		47,368	341,334	388,702	426,296
CURRENT ASSETS
Debtors Cash at bank and in hand	14	158,250 152,330	10,887	158,250 163,217	133,290 265,520
		310,580	10,887	321,467	398,810
CREDITORS
Amounts falling due within one year	15	(77,340)		(77,340)	(95,679)
NET CURRENT ASSETS		233,240	10,887	244,127	303,131
TOTAL ASSETS LESSCURRENT LIABILITIES		280,608	352,221	632,829	729,427
NET ASSETS		280,608	352,221	632,829	729,427
FUNDS	18
Un restdicted funds				280,608	256,966
Restricted funds				352,221	472,461
TOTAL FUNDS				632,829	729,427

		CASH FLOW STATEMENT
		FOR THE YEAR ENDED 31 MARCH	2022
			2022	2021
		Notes	f.
Cash flows from operating	activities
Cash generated from operations		1	(33,183)	143,443
Net cash (used in)/provided	by operating	activities	(33,183)	143,443
Cash flows from investing	activities
Purchase oftangible fixed assets			(50,339)
Sale oftangible fixed assets				1,000
Net cash (used in)/provided	by investing	activities	(50,339)	1,000
Cash flows from financing	activities
New loans in year				32,599
Loan repayments in year			(18,781)
Net cash (used in)/provided	by financing	activities	(18,781)	32,599
Change in cash and cash	equivalents	in
the reporting period			(102,303)	177,042
Cash and cash equivalents	at the
beginning ofthe reporhng	period		265,520	88,478
Cash and cash equivalents	at the end	of
the reporting period			163,217	265,520

	FOR THE YEAR ENDE	FOR THE YEAR ENDE	FOR THE YEAR ENDE	FOR THE YEAR ENDE	D 31MARCH 2022
RECONCILIATION OF	NET (EXPENDITURE)/INCOME				TO NET CASH FLOW	FROM OPERATING	ACTIVITIES
						2022	2021
						6
Net (expenditure)/income ofFinancial Activities)		for the reporting		period (as	per the Statement	(96,598)	128,081
Adjustments for:
Depreciation charges						78,160	73,380
Loss/(profit) on disposal Increase in debtors Increase/(decrease) in	offixed assets creditors					9,773 (24,960) 442	(1,000) (3,650) (53,368)
Net cash (used in)/provided			by operations			(33,183)	143,443
ANALYSIS OF CHANGES		IN	NET FUNDS
					At 1.4.21	Cash flow	At 31.3.22
					6		E
Net cash
Cash at bank and in hand					265,520	(102,303)	163,217
					265,520	(102,303)	163,217
Debt
Debts falling due within	1 year				(32,599)	18,781	(13,818)
					(32,599)	18,781	(13,818)
Total					232,921	(83,522)	149,399

	NOTE	NOTE	NOTE	S TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH	-continued 2022
3.	OTHER TRADING ACTIVITIES
					2022f	2021
	Management charges				76,100	30,000
	INCOME FROM CHARITABLE			ACTIVITIES
				Activity	2022f	2021 8
	Grants			Grants and contracts	651,478	737,639
	Grants received, included	in	the	above, are as follows:
					2022 6	2021f
	BBCChildren in Need					33,594
	Fframwaith				29,223	29,223
	Flying Start				89,575	98,689
	Communities First					84,156
	Liberation Project 024285 Active Inclusion				127,069	23,610 95,155
	WCVA Covid-19 Emergency		Fund			98,007
	Big Lottery					10,000
	Interlink Small Grant - PPE					1,000
	Interlink Small Grant					1,000
	BAVO BBCChildren in Need (Grant CF in Wales		2)		55,410	1,000 15,175 5,000
	Messy Monsters Day Nursery				8,588	5,846
	WCVA Resilience Fund					56,250
	WCVA Resilience Fund (Round			2)		55,398
	WCVA Covid-19 Recovery	Fund				99,635
	Kickstart				151,526	22,901
	Comic Relief					2,000
	Communities for Work Plus				84,155
	WCVA Doorstep Challenge				23,610
	RCTWellbeing support project				3,375
	Heritage Lottery Fund				10,500
	BAVO Csrers Project				13,277
	Interlink Winter Pressures RCT Parent+ Toddler				8,310 1,000
	European Transition Fund				40,000
	RCT Youth Capital Grant				5,860
					651,478	737,639

						Grant
						funding	of
						activities		Support
					Direct	(see note		costs (see
					Costs	6)		note 7)	Totals
								6	6
Expenditure	on charitable		activities		755,500	8,310		181,512	945,322
GRANTS PAYABLE
								2022	2021
								6	6
Expenditure	on charitable		activities					8,310	122,300
The total grants paid to		institutions		during	the year was as follows:
								2022	2021
								f.	5
Red Valley	Enterprises	CIC						8,310	122,300
Grants payable to Red		Valley Enterprises			CIC for projects.
SUPPORT	COSTS
						Information		Support
					Administration 6	technology f		costs 6	Totals 6
Expenditure	on charitable		activities		156,416	13,033		12,063	181,512
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated	after charging/(crediting):
								2022	2021
								E	6
Depreciation	-owned assets							78,160	73,380
(Deficit)/surplus on disposal offixed assets								9,773	(1,000)

STAFF COSTS
							2022 6	2021f
Wages and salaries							684,824	427,996
							684,824	427,996
The average monthly	number		of	employees		during the year was as follows:
							2022	2021
Project staff							42	20
Support staff							7	4
								24
No employees received emoluments					in excess of660,000.
COMPARATIVES FOR THE			STATEMENT			OF FINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						funds	funds	funds
						6	6	6
INCOME AND ENDOWMENTS				FROM
Donations and legacies						60,000		60,000
Charitable activities
Grants and contracts						115,648	621,991	737,639
Other trading activities						30,000		30,000
Other income						48,241	13,858	62,099
Total						253,889	635,849	889,738
EXPENDITURE ON
Charitable activities
Expenditure on charitable		activities				172,632	589,025	761,657
NET INCOME						81,257	46,824	128,081
Transfers between	funds					35,564	(35,564)
Net movement in funds						116,821	11,260	128,081
RECONCILIATION OF FUNDS
Total funds brought forward						140,145	461,201	601,346
TOTAL FUNDS CARRIED		FORWARD				256,966	472,461	729,427

Shares	in
group
undertakings
8

13.	FIXEDASSET INVEST	FIXEDASSET INVEST	MENTS -continued	MENTS -continued
	Red Valley Enterprises		CIC
	Registered office: United			Kingdom
					odo
	Class ofshare:				holding
	Ordinary shares					100
							31.3.22	31.3.21
							5	5
	Aggregate capital and	reserves					3,385	2,842
	Profit for the year						543	59,956
14.	DEBTORS:AMOUNTS		FALLING DUE WITHIN		ONE YEAR
							2022	2021
							5	5
	Other debtors						153,808	129,813
	Prepayments and accrued			income			4,442	3,477
							158,250	133,290
15.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							2022	2021
							5	5
	Other loans (see note	16)					13,818	32,599
	Trade creditors Social security and other		taxes				11,289 1,031	10,095 12,720
	Other creditors						4,959	7,921
	Accruals and deferred	income					46,243	32,344
							77,340	95,679
16.	LOANS
	An analysis ofthe maturity			ofloans is given below:
							2022	2021
								f
	Amounts falling due within			one year on demand
	Otherloans						13,818	32,599
17.	LEASING AGREEMENTS
	Minimum lease payments			under non-cancellable	operating	leases fall due as follows:
							2022 5	2021 f
	Within one year						948	531
	Between one and five	years					1,502
							2,450	531

NIOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1.4.21	in funds	funds	31.3.22
	5	6	5
Unrestricted funds
General fund
	256,966	(33,312)	56,954	280,608
Restricted funds
Flying start		25,147	(25,147)
BBCChildren in Need	4,456	(4,456)
Street Games	1,500			1,500
Capital expenditure	384,573	(80,506)	37,268	341,335
Volunteering Wales	2,246		(2,246)
Millennium Trust	2,660			2,660
Liberation Project	747			747
024285 Active Inclusion		1,792		1,792
Messy Monsters Day Nursery	4,456	3,847	(8,303)
Kickstart	21,268	4,977	(26,245)
WCVA Covid-19 Recovery Fund	50,555	(40,216)	(10,339)
Communities for Work Plus		(65)	65
Heritage Lottery Fund Food 4 All RCT Youth Capital Grant		6,687 13,647 5,860	(2,500) (13,647) (5,860)	4,187
	472,461	(63,286)	(56,954)	352,221
TOTAL FUNDS	729,427	(96,598)		632,829

Net movement in funds, included in the above are	as follows.
	Incoming	Resources	Movement
	resources	expended	in funds
		F	9
Unrestricted funds
General fund
	105,352	(138,664)	(33,312)
Restricted funds
Fframwaith -RCT Play	32,513	(32,513)
Flying start	107,477	(82,330)	25,147
BBCChildren in Need		(4,456)	(4,456)
Capital expenditure 024285 Active Inclusion	127,069	(80,506) (125,277)	(80,506) 1,792
Messy Monsters Day Nursery	79,290	(75,443)	3,847
BBCChildren in Need (Grant 2)	55,410	(55,410)
Kickstart	151,526	(146,549)	4,977
WCVA Covid-19 Recovery Fund		(40,216)	(40,216)
Communities for Work Plus	84,155	(84,220)	(65)
WCVA Doorstep Challenge	23,610	(23,610)
RCTWellbeing Support Project	3,375	(3,375)
Heritage Lottery Fund Food 4 All	10,500 40,000	(3,813) (26,353)	6,687 13,647
BAVO Carers Project	13,277	(13,277)
Interlink Winter Pressures	8,310	(8,310)
RCT Parent +Toddler	1,000	(1,000)
RCT Youth Capital Grant	5,860		5,860
	743,372	(806,658)	(63,286)
TOTAL FUNDS	848,724	(945,322)	(96,598)

Comparatives f	or movement in funds
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
		6	6	6	6
Unrestricted funds
General fund
		140,145	81,257	35,564	256,966
Restricted funds
Fframwaith -RCT Play			11,148	(11,148)
Flying start BBCChildren in Need		4,269	19,332 187	(19,332)	4,456
Street Games		1,500			1,500
Capital expenditure		449,243	(64,670)		384,573
Volunteering Wales		2,274	(28)		2,246
Millennium Trust		2,660			2,660
Liberation Project			747		747
024285 Active Inclusion		1,255	3,829	(5,084)
Messy Monsters	Day Nursery		4,456		4,456
Kickstart			21,268		21,268
WCVA Covid-19	Recovery Fund		50,555		50,555
		461,201	46,824	(35,564)	472,461
TOTAL FUNDS		601,346	128,081		729,427

Comparative net movement	in funds, included in the	above are as follows.
		Incoming	Resources	Movement
		resources	expended	in funds
			F
Unrestricted funds
General fund
		253,889	(172,632)	81,257
Restricted funds
Fframwaith -RCT Play Communities first - Taf Cluster		29,223 84,156	(18,075) (84,156)	11,148
Flying start BBCChildren in Need		100,576 34,095	(81,244) (33,908)	19,332 187
Capital expenditure			(64,670)	(64,670)
Volunteering Wales Liberation Project 024285 Active Inclusion		23,610 95,155	(28) (22,863) (91,326)	(28) 747 3,829
Messy Monsters Day Nursery		17,316	(12,860)	4,456
Big Lottery		10,000	(10,000)
BAVO BBCChildren in Need (Grant CF in Wales	2)	1,000 15,175 5,000	(1,000) (15,175) (5,000)
Kickstart WCVA Covid-19 Recovery Fund WCVA Covid-19 Emergency Fund		22,901 99,635 98,007	(1,633) (49,080) (98,007)	21,268 50,555
		635,849	(589,025)	46,824
TOTAL FUNDS		889,738	(761,657)	128,081

A current year 12 months and prior year 1	2 months combined posit	ion is as follows:
		Net	Transfers
		movement	between	At
	At 1.4.20	in funds	funds	31.3.22
	6	6	f	E
Unrestricted funds
General fund
	140,145	47,945	92,518	280,608
Restricted funds
Fframwaith - RCT Play		11,148	(11,148)
Flying start BBCChildren in Need Street Games	4,269 1,500	44,479 (4,269)	(44,479)	1,500
Capital expenditure	449,243	(145,176)	37,268	341,335
Volunteering Wales	2,274	(28)	(2,246)
Millennium Trust	2,660			2,660
Liberation Project		747		747
024285 Active Inclusion	1,255	5,621	(5,084)	1,792
Messy Monsters Day Nursery		8,303	(8,303)
Kickstart WCVA Covid-19 Recovery Fund		26,245 10,339	(26,245) (10,339)
Communities for Work Plus		(65)	65
Heritage Lottery Fund Food 4 All		6,687 13,647	(2,500) (13,647)	4,187
RCT Youth Capital Grant		5,860	(5,860)
	461,201	(16,462)	(92,518)	352,221
TOTAL FUNDS	601,346	31,483		632,829

MOVEME	NT IN FUNDS - continued
Transfers	between funds - continued
65	Overspend on fund to be topped	up from	General	Communities	for
	general fund.			work plus
22,474	Transfer of underspend to general		Flying start	General
	aligning with the SLA delivered	project.