Bevan::Buckland LLP arternl accountants. tax and financlal planners REGISTERED COMPANY NUMBER.. 03233495 (England and Wales) REGISTERED CHARITY NUMBER: 1070802 RepoRT OF THE TrUSTEES AND UNAUDfTED ANANCIAL 3TATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR GILFACH GOCH COMMUNITY ASSOCIATION UMITED Bevan Buc*land LLP Chartered AcC￿ntants Ground Floor Cardoan House Caslle Coc¥al enterprise initiats'ves. Red Val* Entérprises continues to build on its fim fwndations despite being in a Cost of Imng uish and a wortd of un￿rta[nI1e$. We are maintaintyig our èxlskng i#)okiNJs and ha￿ a number of new organisation8 utilising our f8alilie8. R•vl•w ol a¢tlVlt1￿ and achlevem•nts, Includlng a$•oclat•d publlc bgnents The TruGto8s 0)nfim that they have reforred to the ChAr6ty CommNlon's guldanc• (m publlc benefit when reviewlng the alms and objectives of Ihe Charity. Ouring the year 1st April 2024 to 31st Marth 2025, Ihe organution ￿nts'nUed to secure monies Ihrough corntsnatlon of beiNa commissioned to delNer frontline seriices. grant fvnding and donatiorts. A number of successful appli¢gtion$ enabled us to conts'nue delivering a number of exisllng and r￿W SUCC￿lu1 prolects designed to enhanct the Irrfes ol Ihose we with. Communltles for Work Plus As 8 Te$ull of the Welsh Govemmenfa d￿Urn ol the Communitl•s Flrnt Programme in Morth 2018, a Legacy Fund crnat•d and lor our region, il Is man8ged by RCT Counc41. The C¢)uncAI have $ubsequenlly used some of thi$ money to commission us to deliver work club$ throughout several communitie8 wthin RCT. This legacy fund centinued throughout 2024r25 albgit at a reduced rate. Managing a 'gra96 roots, wogramrne *thich 18 heavily embedded with a 'top drym, approach to delivery and ffthitoring, on severely reduced budget. has pethaps been one of the most thalleroing situallons the GGCA hag had to experience. The da￿ of being 8ble to he￿ the most vulnerable p•oplg in tho c4)mmunty and IDcal suffounding 8reas have now been replaced by an evef-prescfiptfve sel 01 tsrgets that meAn we ean dellver this projed to Ihoso fft th• uiteda sol down by Welsh Govemmenl d RCT Counckl. Many of the most vuYner•bl• have therefor• been further exduded. As an oroanlsatlon set up to help th￿• most In need, It Is vAMrying n•lrob￿Y loAMd programm￿ arn 8ubstsntially rnstricling which members of tho ffjmmunity we Can work wlth. Wilnessir¥J the draWoa¢ks of such changes has led us to develop a number ol ¢Xher initsalNes in or(ler to ￿11 the identified 98ps In provlsion, thal inereasingly widens as a result ol tsrget driven uJtcomes. This is somdhing ￿lch does not sit comfortably Many voluntsry sector organisalions but somethirvJ which Iva nevertheless have to manage In order to ¢(￿tin￿ prmiding supwt fvr Ihose that rnwt RCT Counclls el1g1￿Ity ￿lter￿a. Ftylno slart The Flying Start Programme has been de16verod through our Messy Monsters ¢hiklcare settlng wthlth contjnues to prowdo a highquality childcare provision free at the wint of dellvery. This is offered lo parents ol all eltgible 24 year okl's for hvo and a haff hours a day, 5 days a weak for 39 weeks. Our provFsion Pro￿deS a clean, *?m). th'eThlly envlronment ￿ere the children feel safe and secure and are stimulated to develop skills and increase ￿thIenCe and seif*steem. Linked io foUnda￿n phase. il enables a seamless transition betsveen the setting and sthool. filling some gaps in provision for the dllld. At oui Messy Monsters Chlldcare setting. the children are offered a broad ￿ni￿luM of thities based on the Foundation Phase as laid down by the Department lor Chihlfen, Educ8tioD. Life10￿j Leaming and Skills. Through ha￿ work and commilrntsnt, we have been abl8 to secure a contrad to o)ntinue deliverin9 this programme. However. planned changes within the Flying Start Programme may affecl how Ihe provislon Is delivernd in the future. It is expected t￿1 a• we ffK)v• into tho next financLg1 year, there may be a small financial inuease In the rates wo receive to deliver the provislon. With a Quality of Care Award issued by the Pre School Play AssoLiation and excellent CIW wisped1￿ reports, our prwsion ca)ntinues to offer children and their parents a highqualty setb.ng a dedicated team of staff. Full Oay Care In addition to ¢)ur F￿nll Start provl8lon. we have addrassod en (mgoing barrier to emploJThent for lhOr￿ have struggled wilh 8e¢uring affordable thildcare. In J8nuAry 2020, we establlshed 8 full day (are provisron lor chlldrnn aged 0-12 years. OptniNJ 8aM until 6prn Monday to Friday, it provide$ affc*dable childcare. removiTrJ that barrier parents retuming lo •rnployment. This has proved to bè suwsful and all places arn currently full, wth a waiting list. Future plAns indude the possbi le expansk>n of this provision. Page 3 Bevan::Buckland LLP Chartered accouiitants, tax and financlal planners GILFACH GOCH COMMUNITY ASSOCIATION UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Otherfunding bodies that supported us during 2024r2025 irKlude: Our Funders for the soar 202412025 are as follows: 1. Big Lottery 2. Landfill Devebprnent Tax Schème 3. RCT Play 4. RCT Youth 5. RCT Oementi• Pre￿ntion 6. SPF Communty Pride + Belonging 7. SPF Multsply Counting Connectian$ . RCT Food SupFrf)rt Netrwo 9. Neighbouthood Neiknrt (RCT Together) 10. Unpaid Carern Grant 11. Pennant Wallers IDistpNasher + Cooker) 12. Interfink - Exeraso Class 13. Renishaw PLC - Paint donal 14. BAVO - Youth Led Grnnt 15. SPF Multipty- Making C¢mne¢lioD$ Count 16. Gillach Goth Communlty CourKII - Playschem• FuThllng 17. RCT Together- Winter Hardship Fund 18. Creab've Spac4s RCT 19. Yeps Youth Trip 20. Interfink Small Grants Scherne (Xmas dlnner wovisions) 21. National Grid 22. Grants¢ape- CCIV 23. Pennant Walt8rn- CCTV FINANCIAL REVIEW Golng concern In going fonvard. Gllfach Goth Communlty Association continues to genernte sufficient lunds b c£tvei all Ilnancial ￿MMitMents. We recognise the importance of building ow reser4es and acknowledge il has been difficult to do given cuts in voluntary sedor fvnding and service le￿1 aoreements. That said, we have attended a meeting with our Welsh Ass￿blY Representation Huw Irranca Davies and our Member of Partiamenl Chris Bryant to discuss our financial position. Wrth their 8UPPOrt and the support of our Local Coundllor, we have now been able to enter into discussion with RCT Council Communittes Team to k￿k at other ways In vthlch we ¢an generate incrn. Ajlhough the ￿lIdIng has b8•n malnlAin•d and is c¢Jrnpliant with the Di6abilty Discrirnination Act #nd Equ41ty Act 2010. it has started to look tlred. Wo aro therefore lookiw to address Ihis over the noxt yews {lunding pemiittedl. There aro rK> o￿tandi￿ ltyation8 or loans. We have a Senior ftnonce officer and 8 ftnance assistant monitor the financm of the organlsation and its. social enterprise ami. Our financlal procedures are in place and regulaty revlséd. Monthty finaniial rep￿ts are produ¢ed and submitted to the Board ol Trustees. Finance is a pernianent item on the agerKI8 al the monthly Board of Trustees meetings and the finar￿e offi¢8r is on hand Ihrougl*>ut the monthty ff*etings to explain the acix)unts and answer questions from Ihe Ccffimunity Issociation Manager and Board of Tnjslees. We are now operakng on a upgraded ffinan￿ sofware system that is cornpatibte ￿ tyjr extemal awlitors and vthi¢h has enabled us to WOTk rnore effiC￿nIly. streamlining the prrKesses inNrlved In fmancial managenxnt. P•ge 4 Bevan::Buckland LLP Chartertd accountants, tax and financial planners GILFACH GOCH COMMUNITY ASSOCIATION UMITED REPORT OF The TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Our current lease agreement vAth RCT CourKil has j￿t over yeats remaining. However, due lo the way in our organi5ation is audited, the low number of years remaining <)n our lease is refiected in our Statement of Fnancial Adbvities. This ans that rt thows ￿Jr expenditure as being substantially more than ojr incow* and this has a profryJnd effe(* (n our abilty to secure fund￿)9. However. the ac￿Unts are onty produced in this way to take into a(Yount the deprec4atson Tate the buikling 8nd is Mt due to ryrfeTSP8nding andlor exceeding our level of inc(me. In light of this. we have entered Into discussw)ns wth RCT c<+Un￿l to secuTr a new 25 year lease. RCT Cory)or8te Estabs Deparlrnent have issued us a letter confimmg this *thich we can use in the interim peiM* to he￿ S8￿re funding prior to the new lease beiThJ issued. Plans for Fqrturn Perfods In order to rA)ntinue V￿rkIng to￿￿$ our objecaive in the Context of ￿rrent and ftrture challenges we will continue to: o Pmvide a Vol￿ that ensures all sectors of thè t>Jmmunlty are rnp￿Sented. o Recruil train and supp￿* volunteers. o Establish. develop and deliver services. cl&ss•8, eourn81, pr4ecls and actlNittes that meet the Identified needs (rf the coMff￿nty and individuals partieularfy in relallon to hearth, edUcat￿n and employability. o Create 0pp0thn￿eS that enhance Iho lives ol a dive￿ rang• of individuals. o Maintain exisb'ng and develop new meaninglul key partnership wlth shared vatu•s to mixlmljo potentkgl beneffts for ¢omThintty m?mbern of all ages •nd ab51rt1e8. o cornm￿ to tackling the dimate emergency. o Work towards increaslng Iho lèvels ol unrngtrfctod lund8 through the cnward to maxlml6e It8 ability to generato Income through Social enterpriso and to secure grant fvnding despite the cost of Irling ubsls that Is loomlng. Although external factor8 b&yond our c¢ntrol hove • rtegatvie affect on us as an organlsation. at this point in tlme. we can only monitor any potential risk. There aro no other unloreseen risks to the organisation or its financos tr￿1 kn¢yN of at this,polnl In tirnè. Expenditure in tha forthcomlng year has been planned in iine with our eyisting level of fund$ and *med reductions In unrestrided fijnds VAU be implemented durlng tho next financial Tho organisats'onal and finandal Ask is rngularfy monitored and plans for the fu￿re atrways take this tnto account. PLANS FOR FUTURE PERIODS In orderlo cfjnlinue working towards our oty'e¢aivo in the coniexl of Current and firtwe challenges we will eontinue Provide a voice that ensures all sectors of the communlty are represented. Recruit, traln and support volunteers. Establish. develop and dellver servl¢es. dasses, Murses, prolects and actMti6s that meet the Identffied need•of t communlty and individuals partlcularty In felation to health. education and empioyabblity. Create opportunities Ihat enhance the INes ol a diverse range of individuals. M•lntain exists'ng and develop now moanlnglul key PArtn•r8hlps wlth 8hargd values to m8xlmlBe Wentlalbanafii8 for mmunity rngmbers ol oll gges and abilrties. Commit to tackling th• climate emergen Woth toward5 increasing the le￿￿ of unrnstrirted funds throwJh the (1)ntin￿d devebprnent 0f8ocial•nt•rpri￿ a¢triities. fund raisirwJ events and donations. Regularty monitor the potenlial risks the organisation may be exposed to. We will also monitor dosely Ihe informalion available to us relab'ng to the parthmic, devise new ways ofworking and expand our emergency wi>rk to InclLxle new areas Y￿￿Te need is high. As grant fun¢fing is bec*rning more dlfficutt to socyjre we know wè fAee some rfiffiwlt times n the immediaté futur• and as suth. we make every effryi to ensure our organisation is in a posytion to continue I￿ging ahead for the benefft of the C£+mmuntty by k￿kIng at ways of generating Incom•. STRUCTURE, GOVERNANCE AND hlANAGEMEiir Governlng document Tho chanty Is (x)ntrolled by It8 govamln9 document, a d••d ol trust, and ￿nStitU￿8 a limhd efjmpany, Ilmltsd by guarants•, •• d•fined by the Companlel Act 2008. R•muneratlon of Trustees and Senlor Management Th? Board of Trustees volunlaer their tim? In a number of ways, in partrcular durirva the montrdy Management Covrrnittv Meetings. Athough they are advised thal as a volunteer. they can claim any expenses IrLuThed. none of the Trustees have submrtted a daim this financ4al year. The Communty Assoliati￿ Manager is employed by the Organisati￿ and paid a salary. The s81aries for all paid empbyees and any sessional worf(ers are in line V*ith that of other organlsations carrying out simllar work and are appmpriate for the job roles. kny changes to salartes must bo aulhorised by the Community AssrKiatM Manager and the Board of Twsteeg Prior to aiy ¢1onge tsking place. Page 6 Bevan::Buckland LLP Chartered ac￿Untants, tax and financial planners GILFACH GOCH COMMUNITY ASSOCIATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 STRUCTURE. GOVERNANCE AND MANAGEMEKr Related pAnles Red Valley Enterprises CIC Is a reglstered Communlty Interest Cornpany and the Soc181 Enlerprfse ami ol Gilfath Goth Communty ssociation. It was established in 2007 and ha8 o)ntinually been developed in line with its i)blectNeS and the oty•dr4es of GiW8ch Goth ComM￿ty Asgoaotion. The profits from Red Valley Enterprises CIC ore gift aided each year to the hssociatim to increase levels of unrestsTded furKls thus enabiing tho Charity to beo)mo less reliant on grant funding and lo help aid the future sustainability of the organisatson. Red Valley Enterwlse ac - Aehlevements and Perlorniance Throughout the la& financial year and desplle the e(x)nomic and p)liliial uncertainty and the cost of livirq ¢xlsi$. Red Valley Enterwises C.l.C has Thnaged to generate a level ol ino)me through its various social enterprlse initiatives. Red Valley Enterprises ntinues to build on its finn foundations and as we navigate through the cost of living crisis. we are looking at ways in which w can diverw Ihe ways in whlch we generate in(x)me that contr11￿le towards supporting Ihose we woth wilh. This is of t>)uryJe all subject to any ¢*anges we may havo to a￿0mm￿l#l¥ in tl* ev•nt ¢1 lo¢•1 or national emergencies. Investment Powers, polley and perfornMnce Under the memornndum and artides of association, the charity has the power to make any Invoslment *fiich the dire¢kn bellove ill be benefi¢ial in tems of meeting the aims and obiectrves of the oryanisati(Jns. Page 7 Bevan:°Buckland LLP (hartered accountants. tax and financlal planners GILFACH GOCH COMMUNITY ASSOCIATION UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENce AND ADMINISTRATIVE DETAILS Leg￿ and admlnlstratlve Infomiallon Charfty Name G￿ftiCh Go¢h Community Associat Company numbfrr 03233495 Charlty number 1070802 Geunor Evans lun Warren Oh've Francis Hendrik Haye Marityn HI￿ge Kay Leek Ether Willi8m$ Sylvia Scamrn811 Janet Clos• R•sign¢d 2111112023 Resigned 3010612023 Resigned 2510712023 ApFx)inted 2310112024 Reglstered Offlce Cambrian Avenue Communty Centro carnb￿an Avenue Porth CF39 8TG Compary Secretary Kat• Osull￿an Man•q•m¢nt T•am Kote OEullfvan Joonne Cook A8soclallon Manag•r Flnan(t Olficer BAnk•rn Bardoyj 8ank PIG Letvster L87 288 Santander UK PIC B￿116 Merseyside L30 4G8 Audltors Bevan Buckland LLP Ground Aoor. Cardigan Hous8 Ente￿rise Park, Coslle Court Llgnsamlet S￿nSea SA7 9LZ 121iilL¢- byorderofthe board oftru8toe8on............................................. and $10n￿ on its behaifby.. H Haye- Trustee Page 8 Bevan::Buckland LLP Chartered accountants, tax and financlal planners INDEPENDENT EXAMINER? REPORT TO THE TRUSTEES OF GILFACH GOCH COMMUNITY ASSOCIATION UMITED Independent examlnefs report to the trustees ol Glllach Goch Comfflunlty Assoclauon Umlted Ilhe Compa I report to the chanty trustees on my examination (rf the ac£ounts of Ihe Company for year ended 31 Marth 2025. Re$ponslbllttles and bas1$ of report As the thariws trustees of th8 Company {8nd also its diredors for the purposes of c4mpany law) you are responsible for the preparalion of the a(%ounts in accordance with th8 requirements of Companies Act 2006 Cthe 2006 Act,). Having satisfied myself that the acuunts of the r￿MpanY a￿ not required to be audited under Part 16 of the 2008 Ad and are eligible for independent examination. I report in respect of my examination of your tharity's accounts as carried out under Section 145 of the Charities Act 2011 Ilhe 2011 Act'l. In canyng Out my eXaMinat￿n I have followed the Directions given by the Charity Commission under Section 145(5} (b) of the 2011 ACL Independenl examlnefs slaternent Sino your th8riVs gross in(x*me exceeded £250,WO your examiner must be a member of a Ilsted bixly. I can confinn that l arn qualified to undertake the examination ber£use l arn 8 member of thè Ins16tut8 of Chartered Actountants in England and Wales, ich is one of the listed bodies. I have ￿rnpleted my examlnation. I confimi that no matters have come to my attention in conne¢tkJn with the examlnation gNing me cause to believe: accounting records were nol kept in respect of the Cornpany as required by Section 388 01 tho 2006 or the accounts do not accord viith those records. or the accounts do not compty with the accounting requirernents of SeL#ion 398 of the 2006 Act other than any requirement that the aLxxJunts glve a true and fair view vthich is not a matter considered as part ol an independent exomination: or the accounts have not been prepared in 8rxordance with the rnethlxls and principles of tho Statement of Re￿Mrnended Practice for aceounling and reporting by charities {appIl￿ble lo ¢harits'es prepar¢ng thelr accounts in accordance wth I Financial Reporting Stsndard applicable in the UK and Republic of Irel8nd (FRS 102)>. I have no concems and have ry)me across other matters in Inv•$ting •¢*vlll•$ {1.335} Change In Cash and cash •qulvalents In th• reportlng perlod Cash and cash equlvalents at the beglnnlng of the reportlng perlod (24.758) (59,0311 94,079 153.110 Cash and Cash equlvalents at the end of th• repoTllng wlod 69.321 94.079 The form part of these finar￿191 statements Page 12 Bevan::Buckland LLP chartered accountants, tax and financial planners GILFACH GOCH COMMUNITY ASSOCIATION UMITED NOTES TO THE CASH FLOW STATEMEKr FOR THE YEAR ENDED 31 MARCH 2025 RECONCIUATION OF NEf EXPENDITURE TO NET CASH FLOW FROM OPERAnNG ACTMTIES 2025 2024 Net expendllurn lor the reportlng perlod (as per the 3tstem¢nt of Flnanclal Actlvftles) Adjuslments for: Depreiiallon charges Inuease In debtors {DecreaseYinfxeas8 in credito (63.819) <146.313) 88,118 (4,282) (24.T13) 70.083 116.083) 34.817 Net Cash used In operauons (24.758) (57.696> ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash Ilow At 31.3.25 N•1 ¢ash Cash al bank and in haThl 94,079 {24,7581 69.321 94.079 (24,758) 69.321 Debt oobts falllng duo wfthiTh 1 >Yar (12,231) 1,557 (10.674) (12,231) 1.557 (10.674) Tolal 81,848 (23,201) 58.647 The notes form part ofthese fin8nci81 statements Pale 13 Bevan::Buckland LLP Charternl ac¢ountants, tax and financlal planner5 GILFACH GOCH COMMUNITY ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Ba$ls of preparlng the flnanclal statements The financ4al statements of thè charitable cL)rnpany, *thtch is a public benefft entity ur#Jer FRS 102. have been prepared in Accordan￿ with the Charities SORP (FRS 102> 'Ac¢ounling and Reporting by Charibes." Statement ol Recommended Practice appltcable to chaTities weparing their accounts in accordan￿ with the Financial Rewt'ng Standard applicable in the UK and Republic of Ireland (FRS 102) ciati(yn Llmited a8 an fndlvidu•l cme is rntegnlsed in the Statement of Finandal AdTrvltes once the ch8rtty has.entitlemenl to thè funds. it 15 probable that Ihe In￿lMe wdl be rtteived and Ihe arnount ean b8 measured reliably. The fo1￿.ng spe¢ffK poliaes are applied to p*rtit*lar catewie* of incame.. Gmnts, IndudlNJ grnfits lar the purchase of fixed a88ets. arn recoanlsad In full In th• StatemeDt of Flnancknl Arliwties in the year they are re￿I¥8b1•. Investment in(¥)me 1$ included when recdvabh. Inrnming resources from tharitable tradlng aclivty ar• aC￿￿ted for when ¢•med. Expendlture and Irrecoverable vat Liabilities aro rec4)gn¢sed as expenditure as soon as there is a legal or ¢on8trudive obltgth'on Mrnmitting the chanty to Ihat expenditure. it is probable thgl a transfer ol economic beneffts will ￿ required in settlement and the amount of the obligation can be measured rnliabty. Expenditure is 8¢crdance with the Charibes SORP IFRS 102), Ihe general volunteer tlmo provided to the AssoriatIc￿ Is not recognised. Refer to the trustees, report for more Infomiation atout their conln'bution. L•aslng Renta￿ oppli*xblo to opgratlng lease8 are tharged to th• St•teffl¢nt of Flnanclal Act￿lI1¢S over tha pef*)d in *thich the cost is incurred. Allocatlon of support servlces Support costs are those funclions Ihal assist the woth of the tharity l>ut do not direcuy undertake tharilable activities. Support costs include bad( Offi￿ costs. finance, perscmnel. payroll and govemance costs which support the 8cli¥itses of the chanty. These c%>sts have been alkxated belween cost of raising funds and expenditure on charilable athities. Functlonal currency The financial statements ara prepared in sterfing, whith is ltr* ¢Uff•n¢y of the thoritsblè tanpany. Monetsry Inm￿nts in these finandal statements are rounded to tho nearesl £. Debto Trade and Ot￿r debtors are recognised at the settlement an￿Unt due aft•r any trade discount ¢ffèred. Prep8yThents aro valued al the am(wJnt wepaid net of any trade diswts du¢. cred110￿ and provlslons Credilorn and promsions are rewisgd ￿ere th• d)arity ha8 a present obllgatlon re8ultlng from 4 past event that wlll probably rnsult in thè transfer ol funds to a third party and the amount du• to Settle the obligation can be measured tx estimaled relk9bly. Crndltor8 and provlsions arn nomially feciYJni8ed at thelr ftettloment amount after allo*lng for any lrnd• discounts due. DONATIONS AND LEGACIES 2025 2024 Donaltons Donated seplc•8 and faclllllo8 44,818 12270 41.888 12,720 57,086 54,606 Induded V*ithin donati¢n$ is £40,000 (2024: £41.000) donated from Red V•ll•y Ent•rprtses CIC. tho tradiro Su￿diary ol GGCA. OTHER TrAOING ACTlVtriES 2025 2024 Managwnent charges 30.0 30,000 Page 15 eL¥)tinued... Bevan::Buckland LLP Chartered accountants, tax and financial planners GILFACH GOCH COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - ¢onUnued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTMTIES 2025 2024 Adivity Grants and c¢mtracts Grants 451,125 296,275 Grants received, induded in t￿ alxh•, arn a8 foll0b￿. 2025 2024 Flwng Start Volunteering Wales Big Lottery Interlink SmaN Grant BAVO RCT Youth Capital Grant C4W+ RCT Play RCT Together Sh8red Pmsperfty Fund Tr6vallis I Interfink RCT- Small cost ol lfviTrJ grant- Wnter Wam)er8 Creatfve spaces Gillath Goth Comrnunlty coundl Landfill dlsposal tax Communilios 8th•rn• N Netwrd( grant - Wa supp)rt •v•r>vrn b¢nrfits RCT food supwt nefv RCT wnter hardship lunds NEA Event Big Lottery Cost Of L6vlng Grant Bilirvaual Play resources Community dementlft Prevention prograrnma Gr8ntscapes National grid fund P•nnont Walkers RCT unpaid Carern short breaks Pfq•C RCT youth YEPS youth Trlp 130,874 29,580 87.557 I,￿0 1.000 68.075 85.744 8,775 80.049 21.IXI6 2.000 1,000 67,744 19,414 45,930 1,000 2,000 1,882 2.000 2.000 1.000 1,000 2.000 1,000 2.000 5.207 250 2.WO 17,000 5,QJO 10.969 500 438.025 296275 CMARITABLE ACTIVITIE8 COSTS Support costs (see note 6) Dreci Costs T¢*als Expenditure on ¢harItab￿ ac11￿110$ $81.428 169,147 730.575 Pago ie conlinued... Bevan:°Buckland LLP Charternd accountants, tax and financlal planners GILFACH GOCH COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- conttnued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Support costs Administration Totals Expenditure on charitable acaiwties .164,357 4.790 169,147 NEf INCOMEI(expeNDITURE> Net incomel{expendilure) Is stated after charglngl(¢rediting)'. 2025 2024 Depreciatioh - owned 85s8ts 68,116 70.083 TRUSTEES. REMUNERATION AND 8eNEFITS There were no trustees, remun8ration or other benefit8 for the year ended 31 March 2025 nor for tho yaar ended 31 March 2024. Tru5tses' expenses There were no tN$tees' expenses paid for the ￿ar erKled 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and salaries 498,010 427,007 498,010 427.007 The average monthly number of employaes durfng the year VAS as follows: 2025 19 2024 17 Projed staff Support staff 26 25 No employees received emoluments in excess of £60.000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unrestricted funds Restrfcted funds Total fvnds INCOME AND ENDOWMEKfs FROM Donations and legacies 54.606 54,806 Charflable adlvftles Grants and centracts 6.132 290,143 296275 Other trading activities Other In￿Me 30,000 234 30.000 130,291 130,057 Tolal 90,972. 420,200 511,172 .EXPENDITURE ON Page 17 continued... Bevan::Buckland LLP (harternl accountants, tax and financial planners GILFACH GOCH COMMUNITY A880CIATION LIMITED NOTES TO THE FINANCIAL STATEMeNTS- eonllnued FOR THE YEAR ENDED 31 MARCH 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Acnvm&8 - contlnued Unrestrictsd funds Restricted lurKIs Total nds Charltsble acllvlll•s Expenditure on tharilatle arb￿1￿6 202,620 454.865 657,485 NEf INCOMEIIEXPENDfTURE) Transfers between funds (111,648) 17,503 (34,685) (17,503> {146,313) Net movamenl In funds (94.145) (52,188) {146.313) RECONCIUATION OF FUNDS Totsl lund$ bmught foma 178.862 299,345 478207 TOTAL FUNDS CARR￿0 FORWARD 84,717 247,177 331.894 11. TANGIBLE FIXED ASSETS Flxture8 and fittin08 Short leasehold Totsl$ COST At l April 2024 and 31 March 2￿5 1,359,626 224,512 1,584,138 DEPRECIATION At l Apnl 2024 Charge ft)r year 1.141.056 57,865 197,980 10,251 1.339.0 68,118 At 31 March 2025 1,198,921 208,231 1,407.152 NEf BOOK VALUE At 31 March 2025 160,705 16,281 176.986 At 31 March 2024 218,570 26,532 245,102 Induded wlthln leasehr4d Propety Is the building from vthlch the th8rfty opernles. This bullding was bullt on land lèased from the local authority. The building is being depreciated over the remaining lrfe of the lease, being 6 years. The chanty Is cuffently in the final stages of negoliatlng an extens￿n to the lease and it is on this basis the management committee believe the value of prnperty is nol materialty misstated. The centre 1$ still well used and wtal for the associal￿n$ charitsble woth. If witre was nol made avaifabkn. the (y)st of repla(ing it would be far greater than the current WTitten down value. The property has been extended since the original lease was signed bul the lease not updated ￿ rollect the18rger footprint of the building. This malter wtll be re¢Xified new lease 1$ $igned. Pago 18 continued... Bevan::Buckland LLP Chartered accountants tax and financlal planners GILFACH GOCH COMMUNITY ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS . eononued FOR THE YEAR ENDED 31 MARCH 2025 12. FIXED ASSEf INV&8TMEiirs Shares In group undertakings MARKEf VALUE At 1 Api4 2024 •nd 31 2Q5 NET BOOK VALUE At 31 Mavch 2025 At 31 March 2024 Thw• were M inveslmènt a880ts outside the UK. The c4)mpanls Inbwlnwnts al the balan￿ sheet date In the share cgpilal of ￿MPanIO8 knclude tho foll¢NY￿. Red Vallry Enterwls•s CIC Reglslered office: Unrted lQ'ngdorn Class of share: Orrfinary shares holding loo 2025 31.3.24 Aggregate C•apital and reseNe$ Profit for the year 4.473 185 4,032 319 13. DEBTORS: AMOUNTS FALUNG OUE WITHIN ONE YEAR 2025 2024 ot￿r debto Prepayments ar￿ aecwed Ine4)me 71.233 68.561 6,116 76,959 72,6TI 14. CREDrroRS: APAouKfs FAWNG OUE WITHIN ONE YEAR 2025 2024 Othorloons 15) Trade credrtors Sooal security and othèr laxa8 Other creditors Aci¥uah Inr•)m• 10,674 13.719 12.231 33.938 1.987 28,832 2,716 30.220 55,1V2 79,965 Page 19 Bevan::Buckland LLP amrtered accountants, tax and financlal planners GILFACH GOCH COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- cononued FOR THE YEAR ENDED 31 MARCH 2025 15. An anatysls of the maturity of loans is given below: 2025 2Q4 Amounts falling due within one yeaf on demand: Other loans 10,674 12,231 16. LEASING AGREEMENTS Mlnlmurn le#e p•ym•nl$ und•r n￿•¢anCelIable operating1098e$ fall du• as folk)￿. 2025 2W24 Withtn ya8r 1,098 17. MOVEMENT IN FUNDS Transfers betsveen fund8 frnvement in fvnds At 1.4.24 31.3.25 Unreslrfcted funds General fvnd GGCC - Unrestrlcted Ca￿tal Expendlture 83,902 814 P7,409) 869 {84,569) {29255} 17,238 1,e83 172,459 237,028 84.716 {101.109) 207,773 191,380 Restrlcted funds Flw'ng stsrt Caixtal expendllur¢ Volunteering Wales Messy Mon5t¢rs Day Nurnery Big Lottery Landfill disposal tsx communities sthen Grantscapes Communty Dementia Prevention Ftrtyrarnm• Big Lottery Cost of INlng grant Pennanl waftern 38.052 <36,052) {208,620) 208,620 29,580 {36,399) (4,064) (15,095) 17.000 29.580 36,399 39.994 (5.000) (5tX)) 24,899 12.000 5,207 5,009 5,207 247.178 37.290 (207,773) 76,695 TOTAL FUNDS 331.894 (63,819) 288.075 Page 20 ¢¢￿tInued... Bevan':Buckland LLP Chartered accountants. tax and financlal planners GILFACH GOCH COMMUNITY ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS- ¢onlnued FOR THE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS- conllnued Nel rn￿¢￿￿nt in fvndg. irKluded in the above are 88 folbws: Incoming Resources Movément in lund8 UnrnSlm￿ funds General fvnd GGCC - Unrostrictad C#pitAI Expendliur• 87,939 2,000 {125.348) (1.131) (64.569) {37.409) {84.589) 89,939 {191.048) {101,109) Restrlcted funds Interlink- Small grnnts sd*me Flying start RCT Youth Volunteering Wales Messy Monsters Day Nurnery Big Lottery BAVO C4W+ RCT play CreatNe spa¢es RCT Landfill disposal tax tommunities 8theme RCT food support neikn RCT wnterhardship funds Grantsc4PeS Community Dementia Prevention Programme Blg Lottery Cost of living grant Bilingual Play National Grid fund RCT Unpaid Carern Short breaks Prnlect SPF Cc4nmunty Prhye & Belongings YEPS Youth Trip Pennant wafters SPF Making Camedions c¢unt SPF Multiply Counting ConneciThs Project 1,000 130.974 10,969 29.580 127.592 87.557 1,OlXI 67.744 19.414 2,000 (1.CKIO) (94.922) (10.969) 36,052 29,580 {36.399) (4,084) (163.991) (91.621) (i.(M)o) (67.744) (19.414) (2.000) (15.095) (1,(K)O) (2.tJJO) {15.095) 1,000 2,000 17.000 2,000 5,207 250 5,000 2,000 19.345 soo 18.100 14.951 11,634 17,000 ￿,￿0) (250) (5.CQO) (2,CQO) (19,345) (sjo) (13,091) (14,951) (11,634) 576.817 {539.527) 37,290 TOTAL FUNDS 86e.756 (730.575) <63,819) Page 21 continued... Bevan::Buckland LLP Chartered accountants, tax and financial planners GILFACH GOCH COMMUNITY ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS - conOnu•d FOR THE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS- contlnuad Comparnllves lor m¢)ven*nt In funds Transfers rnovernent in funds At 1.423 furKIs 31.3.24 Unrnstrlct•d lund8 General fund GGCC . Unrestrtcted 178,882 (112.483) 814 17.503 83.902 814 178,882 (111.649) 17.503 84,716 Reslrlctrd ￿Thd$ Flying stsrt Street Gamos RCT Youth Capital expondllure Mlllennium Trust MerAy Mortsters Day Nuwry Blg Loliery Heritage Ltxtsry Fund RCT Youth Caprtal Grant RCT pl•y Share Prospertty Fund Intsdink Taff Ety Vrflndlam- Cookery Prol•Lts Intedink RCT- Eco WaNiorn Landfill disposal tax communit*s s¢*em• Grantscapes Community Dementia Preventi¢￿ Programme (3,420) {4631 1,060 (84,5e8) (2,680) 10,318 (15,289) 3,420 <1,037) <1,060) 273,188 2,660 208,820 (10.318> 19.3S3 820 4.084 (8201 (278) (6,343) (399) (333> (335} 278 6,343 399 500 925 {167) {590 39,994 {5,000) {500) 39,994 (5,000) {500) 299.345 (34,e84) (17,503) 247,178 TOTAL FUNDS 478207 (148,313) 331,894 Page 22 conlinued... Bevan::Buckland LLP (tharte￿d accountants, tax and financial planner5 GILFACH GOCH COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - Mnllnu•d FOR TrIE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS- MnlIn￿d Comparatr+m net n￿Vernent in fur#Js, induded in the above are ￿ follows: Incomng ReSoU￿eS expended Movemert in fijnds Unrestrlcted funds General fvnd GGCC - Unrestricted 89.090 1.882 (201.553) (1.068) (112.463) 814 ,972 (202.621) (111,649) Restrlcted funds Flylng start Street Games RCT Youth Capital expenditur• Mlllennlum Tnmt Messy Monslers Day Nursery Big Lottory RCT Yauth Capllal Gmnt C4W+ RCT play RCT Together Share Prospenty Fund Trevallis Intertink Taff Ely WtrKllami- Cookery Propd8 Interlink RCT- Srnall Cost of Living Grant (Winter Warniers) Interfink RCT- Eco Warrlo Landfill disposal tax communities SL*em8 N NeMDrf< grant we support everyong beneffts RCT food support neh¥ork Grants¢a Community Demenlla Prevention Pwramm• 68,075 171.495) {463} 17.7151 164.568> 12.860> (119,739 > (81,0331 278 180,049> (14.663) 12,000) (1.000> (500> (167> (3,420) (463) 1,060 (64.588) (2,660) 10,318 (15.289) 278 8,775 130.057 65.744 80,049 21,008 2,000 1.IX)O 500 {167) 1,000 (1.000) (s￿)) {590) 39.994 1.000 1,000 (1,Th)0) (1,(M)O) (5,CKIO) (500) {5.IX)O) 15001 420200 (454.864) {34.6641 TOTAL FUNDS 511,172 (857.485) {148.313 Page 23 curtinued... Bevan::Buckland LLP Charte￿￿ accountants. lax and financial planners GILFACH GOCH COMMUNrrY ASSOCIATIOM LIMITED NOTES TO THE FINANCIAL STATEMENTS - conllnu•d FOR THE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS- ¢onllnued A ￿rrent year 12 months and wior year 12 months comkn'ned po%Uon Is as lo11ry￿. T￿STarS bets¥een fvnds movement In funds At 31.3.25 At 1.423 Unrestrl¢ted fiinds General fund GGCC . Unrestrict Capital Expenditure 178,8e2 (149,872) 1,683 (64.589) (11,752) 17.238 237,028 172,459 178.862 (211758) 225.276 191,380 Restrfcted funds Flying start Street Gamoj RCT Youth CapStal exp￿dilure VolunleeAThJ Wales Millennium TNst Messy Mon$l•rs Day Nur80ry Big Lottery Hedlage Lottery FurKI RCT Youth Capital Grant RCT play Share Prosp8th F￿d Intsrlink Taff Ely WrKlfarm. Co(*ery Projods Interfink RCT- Eco Worrlors Landfill disposal tsx communltie8 8d￿m• Grantscapea Community Dementta Prnvention PrryJramme Big Lottary Cost ol liviNJ grant Pennant wallern 132.632) (1,037) (1,060) 1208.620) 1,$)0 1,060 (84.588) 29,580 (2,660) (26,081) (19.353) 273.188 29,580 28.081 19,353 820 (820) 1278) (8,343) 1399) <333) {335) 278 6,343 500 925 (167) 1590) 24.899 12.1)00 (500) 5207 5,009 24.899 12,000 5,207 5,009 289,345 2,626 1225,278) 78,895 TOTAL FUNDS 478207 (210,132) 288.075 Page 24 rxmtinued... Bevan::Buckland LLP Chartered accountants. tax and financlal planners GILFACH GOCH COMMUNITY ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS . ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNOS- conllnued A ￿rrent yèar 12 months arKI prior year 12 months thmbined net movement in fvnds, induded In thè above are as follrytrvs: Incoming Resources eXp￿ded Movement in Iwids UnRslrlcted funds Ge￿[al fund GGCC- Unrestiicted Captal Expenditure 177,029 3,882 {326.901) (2,1991 (64,5691 (149,872) 1.683 (64.569) 180,911 {393.6691 (212,758) R•strlcl•d funds Intsrfink- Small grants scheme Flying start Street Games RCT You Caprtal expendituro Volunteering Wales Millennium Trust Mw&sy Monstern Day Nur8•ry BWL BAVO RCT Youth Capilal Grant C4W+ RCT play RCT Together Share Pmsperity Fund Trevallis Interfink Taff Ely Windfami- Cookery Projects Interlink RCT- Small Cost of Living Grant (Wmter Wamiersl Inlerlink RCT- Eco Warrrors CrealpM $pa¢es proiect RCT LaThlfill disposal tax communit￿$ $chem• N Nefrhvrk grant ￿ SUPPOrt everyone benelbts RCT food 8UPPOrt n8￿k RCT winterh•rd8hip fund8 Gfantscapes Community Dem•ntla Preventton Progrornrne Big Lollery Cost of liviw grant Bitingual Play resour(*s Nalional Grid lund RCT Unpaid Carnrs Short breaks Project SPF Communty Pride & Belongings YEPS Youth Trlp Pennanl vrdtters SPF Making conne¢tlons count SPF Multiply Counting Connedtrjns Project 1,000 199,049 <1,000) {166,4171 <4631 (18,8841 (64,5881 32.632 (463) 1.080 (64,588) 29.580 {2.680) {28,081) (19,353) 19,744 29,580 (2,6601 1283.7301 (172,6541 <1.0001 278 (147.7931 {34,0771 {2.0001 {1,0001 1500> (1671 257,649 153,301 1.000 278 147,793 40,420 2.000 1,000 500 6.343 (187) 1,000 11.000) (590) (2.000) (15,095> 11.000) (2.000) (2.000) (5.000) (2,500) (5901 2,000 24.899 1,000 2,000 2,000 17,000 2,000 5,207 250 5,000 2,000 19,345 500 18,100 14,951 11,634 12,000 {500} 5,207 (250) (5,(Y)O) (2.IXIO) (19.345) (500) (13,091) (14.951) (11,634) 997.017 {994.391) 2,628 TOTAL FUNDS 1,177.928 (1.388,060) (210,132) Fframwalth - RCT Play RCT Hay (fomerfy kr￿wn as Fframwaith> funding is rnc•ived via Rhondda Cynon Taf County Bore￿llh CO￿￿7 lo supwt arKI after-school dub sessions for thildren ag•d l*t4*een 5- 11 years. Cornmunftles for Worf( Plus (C4W+ Page 25 c£ffitinued... Bevan::Buckland LLP Charternl accountants. tax and financlal planners GILFACH GOCH COMMUP*TY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- ¢onllnued FOR THE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS- conllnued Communth'e$ for Wort Plus provides specialist empbyment advisory supwl to people WI￿ are either in or at iisk povety vtho are nol elwible for other regional prrMJrammos fvnded by the Europoan Social Fund, and who hava complex baThier8 lo employment and training opportunilOes.Communitie8 for Work Plus provides support to Iwfp to build confKlenrAg. gan work experien(*, leam new skills or re-write partic1p￿ts CV8. Communltss for Work Plus VAII help Indivtduals and mget with participants in tr*ir local communlty. Ftylng Start Flying Start fvnding WAS knerded to Nn the We15h Govemmenfs Ftyiry Start provision for 2 to 3 year old$. The anN)unt awarded ¢oveTs the cost of provtding the provisi(￿ withTri GiNach Goch and includes staff (x>sts, venue and actNity costs. The programm8 ran under Ihis fvnding until August 2014 however. from Seplernber 2014. the way in which the pr(>Jramme is fvnded has changed. The funding bs now provided per child place. The relevant ry)5ts of delivering the programme ar• pald frorn this alloeated arnount Street Gam•s Stfeel Games fvnding awarded to cover the c4)st of 8es6ion workers and eqUipn￿l to •n*ble th• A•8¢X￿lI0n lo dellver sportlng aclivitl88 fw thildren ond youn9 pwpb In order to Improvg th•lr physrAI w•lll>elng. RCT Youth RCT Youth proiecl is grants rn¢4rrfed to go trywards th• running ¢0sts of the youth plogrnmmo. Herfthge Lottery This grant has benefitted the surrnunding areas of Ihe centre Ihe developrrnnt of 2 wildnower meadows, 12 native trees and 8 frurt Irees Wnled as well as approx. 1000 native bulbs. Wo also had 2 interpretation boards installed and bench for people to sil and enjoy the pmlecl. Thgre was rnoney for v¢lunt•er tr•iniry and the purchase ol caprtal it•m8 such as strimmefs and a lawn mower Induding all assoclated PPE. RCT Parent and Toddler Grant The purchase ol afls & crafts malerlal8 for Ihè Ul Amlgol group io u•0 durlng thelr 80181oM. Landfill Dlsposal Tu ¢ommuntles s¢hem• This grant is 8 3 year fvnded pmlect based around wa8t• mlnlmisatlon, working wlth thff. vduntetrs, chlldren + youth and community membets to pr(¥note waste minimisation in the eantexl of the enMr¢x)menL The aim Is io reduce the amount of waste going to18ndfill. Grantscapes This grant related towards Ihe nurnery rnn on the GGCA Site and provided Gènèral suppjrt WSt8 for $laff (*sts. flouing and play resourcesGenero1 support costs lor staff costs. Ilooring and play res*Jurces. Communlty D•m•nlla Pr•vonllon Programm• This was a Workshop speafic gTant aimed at chalr yog• and Zumba gold for (lynmunlty member• to hefp wlth dertxnlla prevenllon through Soclallsallon and exerd8•. Creatlve spaces RCT This was a grant aimed at tho delNery of ytyjth spxlfic projects Such as pyrography and DJ Transfers between funds The Ir8n8fers betsv8en funds between 1st Aprfl 2024 and 31st March 2025 wer8 as follo￿. D¢scrfptlon Transfer Underspend to general 88 allowable by the fundern TAnsfer from general to reflect posilion of capital spend Transfer from genernl to Mver the loss c fund Transferfrom general t o cover OVers￿d From fvnd FI￿n9 start To fund Gener81 38,052 (208.e20) cO￿tak Expndilure Unrestrlcted (36.399) GerRral Messy Monsters day nursery Communty dementla Prevention prograrnme 500 General Pago 26 ¢￿tinu￿1... Bevan::Buckland LLP Charte￿d a￿ountants, tax and financlal planners GILFACH GOCH COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS- conttnued Transfers between ftinds - contlnued RELATED PARTY TrANSACTION8 Red V•lley Ente￿n$¢$ CIC 1$ a 100% sub￿diary ¢1 Glwaeh Goch Communlty A8soclallon Umlted. The chanty charged bts 8ubsidl8ry £30,000 {2024: £30,000) In manaqement charges during th• year. At 31st March 2025 tho amount 0￿d by the subsidiary to Gillach Goch Community Association was £40,000 (2024: £41,120). Thig amount represents the donqtion from the subsidiary. Withln the year to the 31st March 2025. Giffath Goch Ccrnrnunty Assoclation made a grant to Red Vall8y Enlarprlses CIC of £40,000,12024: £41,000> In order for the Company lo offer conb'nued support to tho Charity in the roll out ol projects. In tho financial year Red VAlley enterprises CIC gffted GiKach G¢xh Communty Association an In kind discount for the rent ol premlsos to tho value of £12.270 (2024:£12270). Page 27