## Trustees’ Report ## January 2024 – December 2024 Deri Regeneration Group Deri Community Centre 9 Riverside Walk Deri Bargoed CF81 9GE ## www.dericommunitycentre.co.uk **Charity Registration Number 1080373** ## Trustees Dennis Roberts Emma Matuszczyk-Jones Gillian Francis-Williams Paul Williams ## Management Committee Officers Chairperson-------------------Dennis Roberts Secretary------------Gillian Francis-Williams Treasurer------------------------Paul Williams Vice Treasurer-----Emma Matuszczyk-Jones ## Management Committee Officers Jill Roberts Jan Gibbings Leigh Foster Helpers Colin Walker Ann Walker John Foster Bonnie Wood Tegan Crommer ## Booking officer Jan Gibbings 07944 650007 ## Caretaker Keith Horrell ## Relief Caretaker Clive Pullen ## Accountants Fooks & Co High Street Bargoed CF81 8XD ## Solicitors Michael Leighton Jones 53 Hanbury Road Bargoed CF81 8XD ## Bank Barclays Bank Plc 85 High Street Blackwood NP12 1ZA Structure Governance and Mana ement The Derl Regenoratlon Group adoptod a GD3 Charlty Commlsslon Model Constitutlon as an Unlncorporated Assoclatlon In February 2000. Most of the Trustees have been a part of the Derf Regeneratlon Group for a number of years. Anyone wlshlng to Joln the group Is encouraged to attend a commlttee meetlng by Invltatlonlopportunlstlcally. Members can bo c04>Pted onto the group untll tho AGM when thoy would go through the nornial electoral process If they were Intondlng taklng on an officer post. Slnce the bulldlng of the Communlty Centre was completed th• D•rl R•gen•ratlon Group has managed th• organlsatlon of th• bulldlng and the subsequent runnlng of the faclllty to date along wlth the runnlng of the Multl Use Games Area {MUGA)and tho Memorlal Garden sltuated at The Darran. Governance & Mana ement Management systems are In place or are belng organlsed. A number of pollcles are In place Includlng Equal Opportunltleslchlld Protectlon and Health & Safety pollcles. Flnanclal Pollcles are also In place. All members of the organlzatlon have the opportunlty to attend tralnlng In thelr speclflc areas and all current members have undertak•n varlous tralnlng coursos. N•w mombors aro •ncouraged to undortako trnlnlng and havo don• so. Tralnlng Is usually vla courses provlded by GAVO. The Executlve Commlttee have certaln skllls appropr6ate to thelr own offlcer rolo. Monthly moetlngs ar• h•ld at th• Centre (on a week nlght to sult the commlttoe) at 630pm to dlscuss Is5UOS, to updato the COMMItt￿ on developments, to Inforni the commltte• of the current state of the accounts and to dlscuss future actlvltles and events. More frequent meetlngs are held If Important ovonts or Issues need to bo dlscussod or dealt wlth. All declslons aro vot•d on by tho Commlttèe at moètlngs. Ob"ectives The object of tho Charlty are to promote the benefit of the Inhabltants of Derl and the nelghl>orhood (herelnafter called *he area of benefit Swlthout dlstlnctlon of sex. sexual orlentatlon. race or of polltlcal. rellglous or other oplnlons. Thls Is done by assoclatlng together the sald Onhabltants and the local authorltles, voluntary and other organlzatlons, In a common eflort to advance educatlon and to provld• facllltles In the Interests of soclal welfare for recreatlon and lelsur•- tlme occupatlon. wlth the object of Improvlng the conditions of Ilfe for the sald Snhabltants . Aims We alm to make a dlffer•nc• to the communlty by provldlng a publlc bulldlng that Is fully accesslbl• and provld•s soclal, recroatlonal and educatlonal opportunltles. We alm to provlde the followlng: To promote the recrultment and tralnlng of volunteers to work wlthln thelr own communlty wlthln a venue flt for purpose. To provlde a venue for the local communlty to organlse soclal functlons such as weddlngs, funorals, varlous famlly partlos as well as communlty ovonts and actlvltlos. To enable outslde agencles to support and Inforni the communlty through educational events and and meetings by hiring th• facility to carry out their delivery. To provide a facility to enable and encourage the older members of the community to participate In a variety of actlvities, promotlng wellbelngy Improving mental stimulatlon. contlnulng the opportunity for soclal Interaction and education for life. To provide a venue to encourage and support young people from early years through to young adults In all stages of development wlth a varlety of actlvltles dellverod by a varlety of agencles. To provlde a vonue for unemployed people to develop skllls through tralnlng and educatlonal opportunltles dellvored by agencles approprlate to need. We are contlnulng to work wlth outslde agencles such as: Gwent Assoclatlon of Voluntary Organlzatlons (Development Officer, Tralnlng) Caerphllly County Borough Councll (Lelsure Dept., Arts D•v•lopm•nt, Youth Sorvlces) Crodlt Unlon - Report for the year January 2024 December 2024 ## Grants/projects A grant was received for £8000.00 from the Welsh Government on 27 November 24 for repairs to the outside of the building. The mortar on the building is to be scraped out and replaced. Work will commence towards the end of the year. ## Regular groups Our regular groups who still attend and use the centre are as follows: - ➢ Darran Valley Over 55s Club - ➢ Bowls - ➢ Youth club - ➢ Ford Apache - ➢ Home schooling - ➢ Deri Dementia Care and support - ➢ Darran Valley History Group - ➢ Pilates - ➢ Art class Events A new Pilates class has started every Thursday and is suitable for all ages and abilities, a fairly good size group attend. The Deri Dementia Care and Support Group held a tabletop sale and a couple of fayres to raise funds for their group and still attend their weekly group at the centre. The library service was still running from the centre until the original building was re-opened in May and they thanked us for hosting them. There was an Easter disco held on March 28[th] which was well attended. Hot food and drinks were sold; Party games were played. The annual Remembrance Day service took place at the memorial garden and was well attended. DVCC Children’s Summer Sports Scheme 2024 - This took place this year on 7th and 21st August from 12 -4pm in the community centre. The children attending were 7-12 years of age and were supervised. Various inflatable activities were held, such as and assault cause, laser tag and more lower age ability inflatables. We held a Halloween event at the centre on 30[th] October where we paid for a ‘Spooktakular Show’ Hot food and drinks were provided for the children and all that attended were dressed up for the occasion. The children’s Christmas party took place on December 3rd 2024 where there was refreshments and a bouncy castle. This was followed by Santa’s arrival on a fire engine who gave the children of primary school age a selection box. Many thanks to Rhymney Fire and Rescue Service and to the members of Darran Valley Community Council for arranging Santa’s visit. This year’s pantomime was “Cinderella” and took place on Thursday December 28th at the Centre. This was a free event – sponsored by Darran Valley Community Council and was exceptionally well attended and enjoyed by more than 80 well behaved adults and children. ## Other news Our chairperson Dennis Roberts was awarded ‘The Community Advocate Award’ by GAVO. A volunteer for over 20 years in the community. Well done Dennis! Report complied by Emma J Matuszczyk-Jones ------------------------------------------------------------------------------------------ CHARITY NUMBER 1080373 DERI REGENERATION FUND FINANCIAL STATEMENTS 31 JANUARY, 2024 DERI REGENERATION FUND FINANCIAL STATEMENTS Year Ended 31 JANUARY, 2024 Contents Page Independent Examiners report to the members Statement of Financial Activities (Incorporatiiig the income and expenditure account) Balance sheet Notes to the financial statements DERI REGENERATION FUND INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES Year Ended 31 JANUARY, 2024 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE REPORTING ACCOUNTANTS The charity's trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Charities Act) and that an Independent examination is required. It is our responsibility to, examine the accounts (under section 145 of the Charities Act) to follow the procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act; and to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINERS, REPORT: Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, we do not express an audit opinion on the accounts and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINERS, STATEMENT: In connection with our examination, no matter has come to our attention: (i) which gives us reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Charities Act; to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act. have not been met" or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Fooks & Co Accountants &Busines dvisors DERI REGENERATION FUND STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) Year Ended 31 JANUARY, 2024 Unrestricted Funds Restricted Total Funds Funds 2024 Total Funds 2023 Note Incoming Resources Incoming resources from generating funds: Activities for geiierating funds Investment income Voluntary iiicome Grants liicoming resources from cliaritable activities 592 1,521 400 592 1,521 400 17 805 1,250 23,548 23,548 21,995 Total Incoming Resources Resources Expended Costs of generating funds: Cliaritable activities Governance costs 26,061 26,061 24,117 29,682 528 29,682 528 32,321 504 Total Resources Expended Net Income/Outgoings for the Year 30,210 30,210 32,824 (4,149) (4,149) (8,708) Gross Transfers Net Movement in Funds Reconciliation of Funds Total funds brought fonvard Total Funds Carried Fonvard (4,149) (4,149) (8,708) 245,742 1,645 247,387 243,238 256,095 241,593 1,645 247,387 The Statement of Fiiiaiicial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 6-8 form part of these financial ststements. DERI REGENERATION FUND BALANCE SHEET 31 JANUARY, 2024 2024 2023 Note Fixed Assets Tangible assets 144,956 163,344 Current Assets Debtors and prepayinents Cash at bank & in haiid 375 86,190 100,701 100,701 2,419 86,565 2,522 Creditors: Amounts falling due within one year Net Current Assets 98,282 84,043 Total Assets Less Current Liabilities 243,238 247,387 Funds Unrestricted incoine fuiids Restricted Income Funds 241,593 1,645 245,742 1,645 Total Funds 243,238 247,387 Signed by two trustees oli belialf of all trustees . Date The notes on pages 6-8 form part of these financial statements. DERI REGENERATION FUND NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 JANUARY, 2024 ACCOUNTING POLICIES Basis of accounting The fjnancial statements have been prepared under the historical cost convention, and in accordaiice with tlie Charities Act 201 I , the Statement of Recoininended Practice "Accounting and Reporting by Charities" issued in March 2005 and with applicable accounting standards. Cash flow statement The Management Committee have taken advantage of the exemption in Financial Reporting Staiidard No l (revised) from including a cash flow statement in the financial statements on the grounds that the company is small. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtlierance of the general objectives of the charity. Uiirestricted funds include a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted funds earniarked by the Management Committee for particular purposes. Restricted funds are subjected to restrictions oli tlieir expenditure imposed by tlie donor or througli the ternis of an appeal. Incoming resources All incoming resources are iiicluded iii the statement of financial activities wlieii the charity is entitled to the iiicome and tlie ainount can be quantified with reasonable accuracy. Tlie following specific policies are applied to particular categories of income; Voluiitary income is received by way of graiits, donations and gifts and is included in full in the Stateineiit of Financial Activities when receivable. Grants, where entitlement is not conditioiial on the delivery of a specific performance by the charity, are reco￿1]Sed when the charity becomes unconditionally entitled to the grant. Donations are included at the value to tlie charity gross of any tax claim. The value of services provided by volunteers has not been included in these accounts. Investment income is included wlien receivable. Incoming resources from grants, where related to perforniance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Resources expended Expenditure is reCO￿lised oil an accrual basis as a liability is incurred. Costs of charitable activities include the general costs of running the community centre. Support costs include office costs relating to the community centre. Governance costs include all costs relating to complying with legal and regulatory requirements. DERI REGENERATION FUND NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 JANUARY, 2024 ACCOUNTING POLICIES (continued) Fixed assets Fixed assets costing more than £ 500 are capitalised and are stated at cost less accumulated depreciatioii. Depreciation Depreciatioii is calculated so as to write off the cost of an asset, less its estimated residual value, over tlie useful ecoiiomic life of that asset as follows: Leasehold buildings 4 % Straight Liiie Furniture & Equipinent - 33 1/30/0 Reducing Balance IT equipment 33 113 % Reducing Balance OTHER INCOMING RESOURCES Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Voluntary Income Donations Grants Sale of assets Bank Interest Charitable Activities Provision of community facilities Amazon Charity earnings 1,500 400 1,500 400 805 1,250 50 17 592 592 23,548 21 23,548 21 21.969 26 26,061 26,061 24,117 COSTS OF CHAIUTABLE ACTIvrrIES Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Provision of community facilities costs directly incurred Support costs - office costs 29,682 29,682 32,321 29,682 29,682 32,321 Governanee Costs Accountancy 528 528 504 30,210 30,210 32,825 DERI REGENERATION FUND NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 JANUARY, 2024 TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS No members of the management cominittee received any remuneration or reimbursernent of expenses during tlie year (2023 nil), No trustee or otlier person related to the charity had any personal interest iii any coiitract or transaction entered iiito by the charity during the year (2023 - Nil). TANGIBLE FIXED ASSETS Leasehold Furniture & buildings Equipment Total COST At 01 /0212023 Additions 400,825 34,810 435,635 At 3110112024 400,825 34,810 435,635 DEPRECIATION At 01 /02/2023 Charge for Year At 3110112024 244,547 16,033 260,580 27,744 2J55 272,291 18,388 290,679 30,099 Net Book Value at 3110112024 140,245 4,711 144,956 Net Book Value at 3110112023 156278 7,066 163,344 6. MOVEMENT IN MAJOR FUNDS Outgoing resources and Balance at transfers 31 Mar 2024 Balance at l Apr 2023 Incoming resources Unrestricted Funds 245,742 26,061 30,210 241,593 Restricted Funds 1,645 1,645 TOTAL FUNDS 247,387 26,061 30,210 243,238 CONTINGENT LIABILITY The ternls of the grant received from the Big Lottery Fund are that this may be required to be repaid in the event of the charity disposing of the building. The Big Lottery Fund has taken out a first legal charge over the property in respect of this. CHARITY NUMBER 1080373 DERI REGENERATION FUND FINANCIAL STATEMENTS 31 JANUARY, 2024 DERI REGENERATION FUND FINANCIAL STATEMENTS Year Ended 31 JANUARY, 2024 Contents Page Independent Examiners report to the members Statement of Financial Activities (Incorporatiiig the income and expenditure account) Balance sheet Notes to the financial statements DERI REGENERATION FUND INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES Year Ended 31 JANUARY, 2024 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE REPORTING ACCOUNTANTS The charity's trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Charities Act) and that an Independent examination is required. It is our responsibility to, examine the accounts (under section 145 of the Charities Act) to follow the procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act; and to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINERS, REPORT: Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, we do not express an audit opinion on the accounts and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINERS, STATEMENT: In connection with our examination, no matter has come to our attention: (i) which gives us reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Charities Act; to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act. have not been met" or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Fooks & Co Accountants &Busines dvisors DERI REGENERATION FUND STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) Year Ended 31 JANUARY, 2024 Unrestricted Funds Restricted Total Funds Funds 2024 Total Funds 2023 Note Incoming Resources Incoming resources from generating funds: Activities for geiierating funds Investment income Voluntary iiicome Grants liicoming resources from cliaritable activities 592 1,521 400 592 1,521 400 17 805 1,250 23,548 23,548 21,995 Total Incoming Resources Resources Expended Costs of generating funds: Cliaritable activities Governance costs 26,061 26,061 24,117 29,682 528 29,682 528 32,321 504 Total Resources Expended Net Income/Outgoings for the Year 30,210 30,210 32,824 (4,149) (4,149) (8,708) Gross Transfers Net Movement in Funds Reconciliation of Funds Total funds brought fonvard Total Funds Carried Fonvard (4,149) (4,149) (8,708) 245,742 1,645 247,387 243,238 256,095 241,593 1,645 247,387 The Statement of Fiiiaiicial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 6-8 form part of these financial ststements. DERI REGENERATION FUND BALANCE SHEET 31 JANUARY, 2024 2024 2023 Note Fixed Assets Tangible assets 144,956 163,344 Current Assets Debtors and prepayinents Cash at bank & in haiid 375 86,190 100,701 100,701 2,419 86,565 2,522 Creditors: Amounts falling due within one year Net Current Assets 98,282 84,043 Total Assets Less Current Liabilities 243,238 247,387 Funds Unrestricted incoine fuiids Restricted Income Funds 241,593 1,645 245,742 1,645 Total Funds 243,238 247,387 Signed by two trustees oli belialf of all trustees . Date The notes on pages 6-8 form part of these financial statements. DERI REGENERATION FUND NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 JANUARY, 2024 ACCOUNTING POLICIES Basis of accounting The fjnancial statements have been prepared under the historical cost convention, and in accordaiice with tlie Charities Act 201 I , the Statement of Recoininended Practice "Accounting and Reporting by Charities" issued in March 2005 and with applicable accounting standards. Cash flow statement The Management Committee have taken advantage of the exemption in Financial Reporting Staiidard No l (revised) from including a cash flow statement in the financial statements on the grounds that the company is small. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtlierance of the general objectives of the charity. Uiirestricted funds include a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted funds earniarked by the Management Committee for particular purposes. Restricted funds are subjected to restrictions oli tlieir expenditure imposed by tlie donor or througli the ternis of an appeal. Incoming resources All incoming resources are iiicluded iii the statement of financial activities wlieii the charity is entitled to the iiicome and tlie ainount can be quantified with reasonable accuracy. Tlie following specific policies are applied to particular categories of income; Voluiitary income is received by way of graiits, donations and gifts and is included in full in the Stateineiit of Financial Activities when receivable. Grants, where entitlement is not conditioiial on the delivery of a specific performance by the charity, are reco￿1]Sed when the charity becomes unconditionally entitled to the grant. Donations are included at the value to tlie charity gross of any tax claim. The value of services provided by volunteers has not been included in these accounts. Investment income is included wlien receivable. Incoming resources from grants, where related to perforniance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Resources expended Expenditure is reCO￿lised oil an accrual basis as a liability is incurred. Costs of charitable activities include the general costs of running the community centre. Support costs include office costs relating to the community centre. Governance costs include all costs relating to complying with legal and regulatory requirements. DERI REGENERATION FUND NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 JANUARY, 2024 ACCOUNTING POLICIES (continued) Fixed assets Fixed assets costing more than £ 500 are capitalised and are stated at cost less accumulated depreciatioii. Depreciation Depreciatioii is calculated so as to write off the cost of an asset, less its estimated residual value, over tlie useful ecoiiomic life of that asset as follows: Leasehold buildings 4 % Straight Liiie Furniture & Equipinent - 33 1/30/0 Reducing Balance IT equipment 33 113 % Reducing Balance OTHER INCOMING RESOURCES Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Voluntary Income Donations Grants Sale of assets Bank Interest Charitable Activities Provision of community facilities Amazon Charity earnings 1,500 400 1,500 400 805 1,250 50 17 592 592 23,548 21 23,548 21 21.969 26 26,061 26,061 24,117 COSTS OF CHAIUTABLE ACTIvrrIES Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Provision of community facilities costs directly incurred Support costs - office costs 29,682 29,682 32,321 29,682 29,682 32,321 Governanee Costs Accountancy 528 528 504 30,210 30,210 32,825 DERI REGENERATION FUND NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 JANUARY, 2024 TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS No members of the management cominittee received any remuneration or reimbursernent of expenses during tlie year (2023 nil), No trustee or otlier person related to the charity had any personal interest iii any coiitract or transaction entered iiito by the charity during the year (2023 - Nil). TANGIBLE FIXED ASSETS Leasehold Furniture & buildings Equipment Total COST At 01 /0212023 Additions 400,825 34,810 435,635 At 3110112024 400,825 34,810 435,635 DEPRECIATION At 01 /02/2023 Charge for Year At 3110112024 244,547 16,033 260,580 27,744 2J55 272,291 18,388 290,679 30,099 Net Book Value at 3110112024 140,245 4,711 144,956 Net Book Value at 3110112023 156278 7,066 163,344 6. MOVEMENT IN MAJOR FUNDS Outgoing resources and Balance at transfers 31 Mar 2024 Balance at l Apr 2023 Incoming resources Unrestricted Funds 245,742 26,061 30,210 241,593 Restricted Funds 1,645 1,645 TOTAL FUNDS 247,387 26,061 30,210 243,238 CONTINGENT LIABILITY The ternls of the grant received from the Big Lottery Fund are that this may be required to be repaid in the event of the charity disposing of the building. The Big Lottery Fund has taken out a first legal charge over the property in respect of this.