**NEW SANDFIELDS ABERAFAN AND AFAN COMMUNITY REGENERATION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). ## **OBJECTIVES AND ACTIVITIES** ## **Charity Objectives** The promotion for the public benefit of urban or rural regeneration in areas of social and economic deprivation, and in particular, the electoral wards within the electoral constituency known as Aberafan. The advancement of education, training or retraining, particularly amongst unemployed and economically inactive people providing work experience opportunities to relieve sickness and to preserve and protect good health. The relief of poverty. To provide recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances have need of such facilities. The maintenance, improvement or provision of public amenities. The promotion of public safety and the prevention of crime. Such other means as May from time to time be determined subject to the prior written consent of the charity commissioner for England and Wales. ## **Mission statement** Supporting regeneration to enable a better quality of life for communities. ## **Vision statement** Helping communities work together. ## **Values** Public service, leadership, selflessness, integrity, objectivity, honesty, accountability and stewardship. ## **ACHIEVEMENT AND PERFORMANCE** ## **Activities** During 2023/24 we had new centre users – Physical Empowerment and Whitehead Ross, and continued working relationships with Marauders Men’s Health, Rainbow Tree Wales, Drive and several community organisations. The three members of staff continue to work a 4 day working week in order to cover all 3 premises. ## **FINANCIAL REVIEW** ## **Reserves policy** It is the policy of the organisation to maintain unrestricted and designated funds to ensure sufficient reserves to meet three months running costs. However in the event of periods of difficult trading this continues to be no longer achievable until the survival strategy disposal of unproductive assets is achieved. ## **FUTURE PLANS** The organisation seeks to maintain its community based regeneration activities based on its capacity for income generation. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The organisation is a charitable company limited by guarantee, incorporated on 27 November 1998. The company was established under a memorandum which established the objects and powers of the company and is governed under its Articles of Association. The company became a charity pursuant to Special Resolutions passed at its Annual General Meeting held on 27 June 2001 and written resolution dated 26 September 2001. Subsequent amendments widening the area of beneficiaries to include the electoral ward of Aberavon and thereby a name change were adopted dated 29 September 2004 and ratified with a written resolution on 9 March 2005. In the event of the company being wound up the director trustees are required to contribute an amount not exceeding £10. On 3 September 2012 AGM, following a year of community consultation the charitable company amended its Memorandum and Articles of Association to include the Constituency of Aberavon in its area of beneficiaries and changed its name. The changes have been registered with the Charities Commission and Companies House during the financial year 2012/13. ## **Recruitment and appointment of new trustees** The directors of the company are also charity trustees for the purposes of charity law and under the company's Memorandum and Articles are known as director trustees and members of the Board. Under the requirements of the Memorandum and Articles of Association, the members of the Board are elected at the AGM. The Board has adopted by-laws to allow free membership of the organisation and ensure that of the 18 permitted director trustees, 9 will be residents in the constituency of Aberavon and shall comprise one from each electoral ward, 3 shall be appointed from residents within communities first Wards and 3 shall be from business. Any vacancy within the Board is advertised prior to the AGM and appropriate nominations invited from the membership of the organisation or by way of introduction in the case of business nominees. The Board has appointed a paid Business Manager who shall direct all operations, business planning, business administration, human resource management, finance and marketing of the company's community regeneration mission. ## **Organisational structure** NSA Afan has a board of director/trustees which aims to meet 3 times a year and are responsible for the strategic direction and policy of the charity. At the year end, the Board has 4 director trustees. The trustees represent a number of residents and community interests as well those with business and professional backgrounds. The company secretary does not sit on the board and has no voting rights. ## **Management structure** As referred to above, a scheme of delegation within a management structure is in place and the 'day to day' responsibility for the management and delivery of all programmes, projects and services rests with the Business Manager who also manages all development, operations, business planning, business administration, human resource management, finance and marketing of the company's community regeneration mission. This is accomplished via the Business Manager, Finance Officer and Facilities Administrators in the Centres. ## **Induction and training of new trustees** All trustees are familiar with the running of the organisation. They meet four times a year in scheduled Board meetings and set the budget for the year and decide on the strategic direction of the company for the ensuing year. New trustees are inducted into their role by the Company Secretary. Most trustees have participated in a "Charity Trustee Responsibilities" training event which we bought in from Bevan and Buckland. They also receive Charity Commission newsletters on the roles of Trustees and related issues. Trustees are very familiar with the running of all aspects of the organisation by receiving the Chief Executive's report and the minutes of the Senior Management team on a monthly basis. Trustees conform to all aspects of charity law and a visit in 2006/07 by the Charities Commission review team helped strengthen the charity and the role of its trustees. This is reflected in changes in the Memorandum and Articles of Association with regard to introducing rotation of Trustees for example. ## **Key management remuneration** Staff Salaries are currently paid to 3 staff members who are entitled to reimbursement of essential expenses only. Trustees are entitled to claim reasonable expenses incurred in travelling to meeting locations **.** ## **Related parties** We work in partnership with a number of organisations who have interest in or a base in Sandfields, Aberavon and the wider Neath Port Talbot and Swansea Bay area and who support residents in all aspects of the quality of their lives. For example, we have provided public support for the Tidal Lagoon Swansea Bay scheme proposed by a Special Purpose Vehicle company of the same name. The charity has purchased 6 shares in the scheme totalling £4,800 as a demonstration of commitment to clean renewable energy and the potential community benefits of the scheme to residents in the Swansea Bay area. The Company Secretary is the Chair of the Active Supporters Group for Neath Port Talbot which comprises over 300 members of the 1,000 supporters across Swansea Bay. ## **Risk management** Policies are in place and procedures observed in respect of health and safety of our staff, volunteers and customers at our premises which as at 31 March 2024 are:- The Employment Academy at Dalton Road is the NSA Afan Official Headquarters. The Community Development Centre, Bevin Avenue is active with a Staff member in post. The Community centre at Michna Street remains open and run on a mutually key holder basis with local groups. All necessary policies for employing staff are in place and these are reviewed annually. Two or more policies are reviewed at each board meeting. Each member of staff has been issued with an employee handbook which sets out personnel policies. The charity has introduced a stricter form of controls as a consequence of fraudulent activities identified during the years which were carried out by a former employee. This is referred to in the auditor's report. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 03674953 (England and Wales) ## **Registered Charity number** 1088934 ## **Registered office** NSA Afan Employment Academy Dalton Road PORT TALBOT SA12 6SF ## **Principal address** C/o NSA Afan Employment Academy Dalton Road Sandfields PORT TALBOT SA12 6SF ## **Trustees** Gareth Roberts Chair D J Gage Vice – Chair D Edwards S Jones **Company Secretary** S Rooney **Accountants** Daniel Perrin & Co Limited 9 Stanley Place Cadoxton Neath SA10 8BE **Solicitors** John Collins & Partners LLP Venture Court Waterside Business Park Valley Way Enterprise Park Swansea SA6 8QP **Bankers** Lloyds Bank PLC 115 Station Road Port Talbot SA13 1NR ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The trustees (who are also the directors of New Sandfields Aberafan and Afan Community Regeneration for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditors are unaware; and The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. ## **ACCOUNTANTS** The independent examiner, Daniel Perrin & Co Limited, will be proposed for appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on .........25[th] January 2024.................................... Docusign Envelope ID: 022BB201-3D194A4E-AC96-5D1A81D7C91F Charity number: 1088934 Company number: 03674953 (England and W￿eS) New Sandfields Aberafan and Afao-communiry Regeneration Report of the Trustees and Unaudited Finthcial Sthi¢meni8 For the year ended 31 March 2 Mllllllll *ADJ2M9MS* 3011212024 COMPANIES HOUSE #158 Doanign Envelopg ID.. 022B82D1-30194ME-AC96-5D1A81 D7C91F New Sandfield5 Aberafan and Afan-conununity Regeneration Contents Page For the year ended 31 March 2024 R¢port tsf thcTnJsiees 1103 Indcpcnth4ht Examin¢rt Re￿1 to th¢ TnLS¢ St￿¢￿ent of FInM￿lS] Acdviti SithmEM of Financlpj POSI￿On Not¢$ LotheFin8ocial Siai¢m¢nlS 7t0 11 Dei*iled Su*menl of Pin4n¢14J A￿1￿le4 12 Docuglgn Envelopo ID.. 022B82D14Dl94A4Ethc￿5D1A8l D7C91F New Sandfi¢lds Aberafan and Afan-CoDununity Regeneration Report of the Thisl¢es For the year ended 31 March 2￿24 Th¢ trus¢¢¢8 who are tho dwectors of the tharity for the puwes of the Comp￿¢$ Act 2CK]6, present their re￿rt with the financial gtaiements of the ¢h•Jity for the yur ended 31 M4rch 2024. The misle¢5 have ￿0p1¢d the Provisions of Accourbting Reportin8 by Ch4ritsei.' SialcTD¢LI of RecommendeA Practic¢ appli¢Abl¢ io cbariues PTViD8 their accounts in aC￿rd￿n¢t with the FLnaiicLal Reporrin8 Standard applscable LD the UK 8nd R¢public of Ir#lw)d (FRS 1021 {eff¢rnotion for ihe publi£ benefit of wb*a or reReneMion in ￿e•S of social and eeonomic deprivation, in particulu, the elector￿ WATd5 within ih¢ elecwrnl Constituency known as Aberafan. The ldvartcemeni of educ*ion, training or retrnining, parriculArly amongst uNemployed 8nd econWUc￿IY inBaive people providing work ¢xp¢ri¢j￿ QPPDrtwiities rebtve sickne5g and to preserve and prottd Kood heajth. Th¢ T¢ii¢f of pov¢Jry. To provide recreatsonAI fxiliti¢5 for the public at lar8e or thosc who by r¢wsoD ot ¢beir youth* Age, infumity OF dis•bl¢meD[ poveny or s￿141 and e¢onmi¢ ¢ircUD￿t•DC¢￿ have need of such fAcilitiu. The tiuittteThance, improvemenl or PrnVi&bOh of pub￿¢ wneniiiu. The promotion of publi¢ ￿￿ety and the preveLtioJJ of crime. Such other means as May from um¢ LO time be deiermined svbjeci io the pnor consent ofthe charity cornmimioner for England and Wales. Supportin8 r¢¥¢n¢r•liort to ¢n•bl¢ 8 qUAiity of lifc for ¢ominyiiitse8. Helping Communitiu Work i08¢th¢r. Public wvice. le4der8hip. ielfluJn¢&i. i1￿e￿Ity. objeaivity, hontaty, •ccount•biLiLy and s*wuthbip. ACHIEVEMENT AND PERFORMANCE A¢¢lwltl¢s Durin8 2023124 w¢ had D¢W ¢¢ntre U$Ers- Phy5icNi Brnpow¢rnient artd WThi¢eh¢ad R055. Jnd ¢oMinued worknn8 ttl*ion5hip$ with MarnudeY8 Men's Health. Rainbow Trtt Wdes, Driv¢ s¢v¢TrJ rommun>iy OT8PA115ations. Th¢ 1hr￿ ￿mbery of 5t4ff ¢ontinu¢ to work N 4 day wo￿.￿¥ w¢¢k in oTd¢T ¢0 ¢ov¢r ￿1 3 premises. FINANCIAI. RIiVIF.W Me5ervu ptsllty li i¥ the pob¢y of ih¢ or8anL¥atiOlI 10 M•in￿l￿ unrcstsi¢led and dcsiwha*d fvllds lo enBurc 6ufficient reseNes to rLeei th￿# months riinrti118 COSL4. However in th¢ ¢v¢DLof perii*Js of diericult tradin8 this Continues ¢0 be no longer achi¢vAbl¢ until the survival str4tegy ¢Ji5posJJ of unproductiv¢ ￿sets 15 achicved. IIJTURE PLAN$ The orB4wj•￿0n *¢kJ io commuDliy bued re&¢n¢rntiOll A¢tivltl¢i bued on cip•¢ity for In¢om¢ i¢nrridon. STRUCTVR4 GOVERNANCE Af4D MANAGEMENT G•v*rDth¥ dottumtnt The or88nisation li & ch*ithble tompkny b'mitC41 by ¥u*r*n￿. itteorporated on 27 Novrmber 1991. The compAny e$tabliihed under • Memor￿duM w￿.¢h ejtabknshcd thc objects powers of the coMp￿Y And IÉ governed under its Articles of Associaiion. The company bec￿ a chvity pursuani 10 Sp¢¢ial ResoIknLion$ passc41 ai its ArtNu&l Geheral Meetin8 held Ott 27 June 2(KJl written resolution dAted 26 Septethber 2001. Subsequent Atnendrncnts widertin8 the atta of b¢nthciBries to includ¢ the elxiora] wyd of Abtrnvon and ihertby i nprn¢ than8e wete ￿0p[ed da￿1 29 S¢￿¢t￿￿tr 21MM aud Tatified with A wrilttN r&solution OA 9 March 2005. In the e¥en( of the company being wound up the d&r¢cior tru51ee5 ar¢ requir￿ to ¢onvibuL¢ an 4mouBi Thot ¢x¢¢¢ding £10. On 3 September 2012 AGM, ftsllowiDg • yearolcommuniry con5ulIAiion lh¢ charitable COMp￿Y Am¢ndcd its MemornndurD and +lffi¢l¢$ of Aiio¢iAlii)n to irtclude the ConstituezLCy of Aberavon in its area of benefi¢i8ries ¢b￿ged its narn¢. The Changes hve been re8151ered with the Ch&iries CommiJsioD gmd Compalliu Hou dw>n8 th¢ fin4n¢]￿ yeu 2012113. RecTullmeDI appointrnellt of new trwtees The th're¢iors of the Company al80 ¢h•xiiy ¢Nslc¢s for the purposeA ofchtiriiy law and undcr th¢ Mmp&rty'9 M&Mr4ndum and Ar¢ielti va known *s direcior tr￿1¢Pl and rllernbers of the Board. Under thc requirernenli ofthe MemDrllndum ahd Articles of AssOcL￿10￿, the rnembm of th¢ Boud are eleeted Al the AGM. Th¢ B0￿d h adopted by-law5 to allow fre¢ m¢rnb¢rship of the orgomsauon Nnd ihat of the 18 p¢nnitt¢d dIr￿l￿r tw$i¢¢s, 9 will be r¢SLd¢nts in the con$uw¢n¢y of Aberavon $h*ll ¢OAwrise one from each el￿t0[al ward, 3 Shall t¢ appoimed from Te5id¢nts within communities first Wardi 4nd 3 shall be ftom busine5S. Any withih the Board is Adverti$e4 prior to the AGM and Appropria* Dominaliorts itivited from the membefship of the olg￿lS1ti0Th or by way of iniroduclion in the case of by$in¢55 nDmillo￿. Thc BoArd has appoinlcd a wid B1￿1￿c5S MEnager who sh4]I dirc£i pjl opEra¢ion5. bugin¢s5 plu￿1￿¥. busin¢5$ 4dministr4tion. human Tewurce m4naBern¢Tri, fin•nc¢ Nnd m¥ke¢ini of the Comp￿Y'l wrnmunity YeKenerntion mi55i0n. NSA Af4n has a board of direciorltnthE5 whicb Aims 3 time5 8 yearwM ate re8poosible for the stra*gic diteciioD 8nd ￿lIcY of the chwity. Ai the year ¢nd the Board ha8 4 directow The tn]s*es rep￿￿¢￿1 4 DymbEr Qf Te5ident$ artd ￿mm￿DitY intertsts a5 well those with busiDe55 wofwionAI ba¢kyDund$. The COT(ptty secretary d¢)es Jii on th¢ b0￿d bas no ¥￿Ing rights. A5 ref¢Tre4J to ab¢>ve. a 5¢hem¢ of deJ¢E4uon withih a martaRemeh¢ stnjcrure is in pl4¢e Attd the day io day, reswnsibility for th¢ management and delivery of ￿1 programmes, projects 4nd services rests With ibe BusiK55 M•mag¢r who 4150 manages al] developmen( oper4110￿ b￿lnesS plaThning, bu5ines5 adrninistratso￿ human Tesource m4naKemeni, finance and markeliTh8 Of the company's ¢ornmvnity re&eneiation mission. This 15 accomplished viathe Bwines$ Manager. Financ£ Offir¢r F¥iliti¢s Ad￿inIstrat9l5 in th¢ C¢ntrts. Docuslgn Envelopg ID.. 0228B201-3D194A4EAC96-5D1A81D7C91F IDdu¢tlon aDd trnlnlDg thf mew In￿1￿*& All tsNsttes are f•miiipr with the runThing of the or8athi¥ation. four time5 h yt4r in xh¢dul¢d Board thtditi8s ahd Éet the bud8et fot the year and decide on the stra*8ic direaion ofthe company (or the ensuing y￿. New tr￿tets are inducted into theirmle by the Company Seu¢rary. Most IDJStees hav¢ participai¢d in a'ChaTiry Ttyst¢¢ R¢sponsibitities' ttaining eveni which ve bovght in from B¢vatt and B¥ckJand. They a]so receive Ch8riry CommAssion oewsleutr5 on th¢ roles of TDJste¢$ and r¢lai¢d i$$uts. Th￿1¢¢$ u¢ v¢ry faTruliAr with the rllhnifj8 of ￿1 Mspecis ofthe Or&￿iS¥t10￿ by Tcccivini th¢Chi¢f EK¢¢utive's It￿rt and the Minu￿ of the Senior Mallagcmcnl I￿rn o monthly b•shJ. Trusl¢¢s conforw ￿ All aspects of Ch￿ILY law and a visit ID 200fm by th¢ Chwities Conunission review *am help￿1 5tyenyhEn the ¢hawiry •thd th¢ role of its ty4w*e4. This 1$ renec*41 in chattges in the Memotalldum aDd Articles of Asw¢iats"on with ￿￿*Td w introducing roiaiioD of Tnjsreu for example. Key m8118BellieJit ftmutherntlo Staff Sa]aries are curTeDdy paid to 3 Suff mtQLb¢T5 who •r¢ tststl¢d ty teimbursement of esseDtial expenses only. T￿￿¢¢$ Irt ¢ntitl¢d to daim rea80nable expthses incuwr¢d in tr•v¢IJitt8 ￿ meetittg locatiom. Relgted partl We WO￿ in P￿￿en￿1P with 4 numb¢r ofor8Mi14tioni who h•v¢ iDi¢r¢it In or • b￿e in s￿d￿tI￿, Ab¢ravon th¢ wid¢r N¢Aih Pon And Swor￿& Biy ut4 Ind who support Nidents in &*pects of the qu4Jity of their liv¢s. For cxlmplt, we have PTovided public support for th¢ Tid4J Lagoon Swansta B*y scheme propDStd by & Special Pu￿0$¢ Vehicl¢ Company of the 5amc name. The chaTily has purthased 6 sbar¢s in the sclL¢me iotA]knng £4.8Crt) as a d¢moDstTatiOJ of eommiknenl to cle4 reDewable energy and the pDtenti￿ cott)munity bettefits of the xbeme to residents in the Swansea Bay area. The Compally S￿[¢¢•ry 15 thE of the Active Group for Neath Port Talbot which comptises ovci 300 membets of the 1,000 sypponers woss Swansea Bay. Rlsk mana8emeDt Poli¢i¢$ thrt in plate procedures obÈer¥ed in respeci of huith aDd 54f¢ty of our stlff. vojunteers and Cu%￿MM ￿ our premiscs which 31 Ma￿h 2024 Af¢.'- Th¢ 2mploym¢hi Aeidemy It Dajion Road is the NSA Aran Officiwj Hr4dqu•rt¢rs. Th¢ ComrDunily D¢v¢lopmenl Centr¢. Bevin Avenue li active with a SIAff mcmb¢r in po81. Th¢ Community eentrÈ ￿ Michna Stre¢t remiini open run on * my1v￿lY k¢y hold¢r bJg1$ with lo¢￿ 8roiipB. All neussary pokncies for employing 51aff are in Pl￿ and th¢5¢ arc rcviewtd annuauy. Two or more policies #r¢ r¢vitw¢d #i ¢*h bo•xd m¢¢LID¢. Each mEmlxr of siaf( has been issued wAth employee handbook whi¢h sets PE¥50nnd pobcieB. The chariiy introduced a siricter form oFtontrol$ as a conwu¢nc¢ offrAudul*ttt ￿tlY]tIes Idetttified duri￿4 the years which were cajried out by fornKr ¢thploy￿. Thi's 1$ refetted 10 in the audiiols reporL RXFERENCE AND ADMINISTRATIVE DETAIIS R¢glst¢red Compthy Lu￿be￿ 03674953 IEnglNnd 4nd Wai¢sl R*Klstsred Chartty nwnbtr IOB8934 Re￿1¢red offl¢¢ NSA Afw Employm¢tst Ac￿eMY D￿10￿ Road PORT TALBOT SA126SF Prltheipal oddress Clo NSA Afirt EmploYn￿l Academy D￿10￿ Ro4d S*Ddfi¢lds PORT TALBOT SA126SF Tn￿¢•¥ Gattih Robens DJGa8e D EdwATth S Jone8 Chair Vice- Chatr C￿P￿Y Se£retAry S Rooney AteVUDtants Daoiel PeYriD & Co Lirnited 9 Stsnjey Pl￿¢ Cadoxton Ne•ih SAIO8BE Solldtor John Collins & PoM¢r$ LLP Venture Court Waterside Business Park Va]ley Way Enwprise Park SWIn￿a SA6 8QP DooJ8ign Envelope 10: oZ28820140194A4E-AC￿SD1A8lD7C51F B*nk*rs Lloyds Bank PLC 115 Station Road Port Ta]boi SA13 INR STATEMENT OF TRUSTEES RESPONSIBILMES The tDJ51ees (who are dso the diTeaor3 ofN¢w S4ndfield5 and Afatt Community ReBeDetAtsOTh for the puryose5 of complny lawl are rupDnsible for pr¢pwini the Report of the Trusiees And the financial st4*rnenu in K￿danCe with appli¢•bl¢ law Ènd United Ki￿d0M Accoutsrin8 Siandafth (United KinBdom Gener￿Y Accepted Accounling Ptadice}. Company law Tequircs the trustees io pr¢part fin•¢1￿ st•t¢Jn¢ttts foreach fin*ficial year w￿.¢h give a uue ￿ld fair view of the slaic of affair5 of th¢ ¢h*itabl¢ ¢omwy and of the incoming teÈources and application of ruourccs, in¢ludiag the iDrorn¢ 4ttd expehdiiurt. of the th￿ttable compaDy for that wiod. In prepwing th0￿ financial siaiements, the trust￿ ¥¢ r¢quired to lea $uitsble ￿COu￿￿n¥ pdi¢i¢J 4nd thtn llpply them cwistenily. observe the meihods and principles in the Chprity SOR2: make jud8emenis and t￿lmIleS thii are reasonable Ind prudent., Prepare the fln•th¢i*l 8tatemeots on the Roin8 concern basis uoLe88 Ills Inippropwl4* 10 pTwumt lh¢ ¢h•ritsbl¢ ¢omp•Ay wlil Coodnue IA bu$ines$. Th¢ tru$iees are responsible for keeping proper accounting recorth whi¢h dis¢los¢ with r¢asoDAbl¢ 4¢curncy Ai tlme the fiDancial position of the ch8ritable ￿mpaNY •nd to cnablc them 10 cnsure the fin&ttciai siatetLent$ comply with the Comp￿1¢5 Acl 2(KkO. They ￿%0 responsible for safeKuatdinB thc &wis of the ch*it¥ble ¢OMp￿Y and h¢h¢¢ for ￿kIn$ r¢Asonabl¢ 8tep$ for the prevenuon and detection of fraud And ￿tr Irre￿1¥117¢5. In so far as the are aware: there 18 no relevaht ludii inlorm8tion of which ihe Ch￿l￿ble ¢ompany'i authiorj *rt Unaw￿.. Tr tru&tee$ have itherL iieps th81 they oughi ￿ h4Ye 14knn 10 rllAk¢ them5elvu *w•xo of4ny r¢I¢v￿1 4ydii itifi)nDlltioll 4Dd 10 tsiiblisb th th¢ audllorj wr¢ aw4te r>f InfornLidon. ACCOUNTANTS The Inde￿ndent ex￿intr, Duruel P¢rriD & Co Limiied. will be propoied for wintrneni al the forthcoming Aanual Gener41 Men$ible fot the prepaNionof the attoiinlsitsxccordathce with th¢ r¢quir¢m¢Drs of the Cornponi¢5 Act 2CrfJ6 (the 2006 Adl. Mts$fi¢d thyself the *cco¥nts of the COmp￿Y Are noi requI￿d 10 be iuth'*d under Part 16 of the 2006 Ath and ¢li8ible for independeni rn1￿10￿, I rwn in respect of my ¢5aminJtioTh of yow ¢hwity'8 Kcounts ¢pJrl¢d oul s¢£iioD 145 of th¢ ChRrities kn 2011 (the 2011 Act). ID oyt my ￿aMInatIon J hav¢ follow¢d th¢ Dir￿lon$ giv¢n by the Commissioth undtr *thion 145(5)(b) of th¢ 2011 ACL I have completed my exAmination. I confirn thAt no have cometo my ￿ention in c4)nnudon wlih the exami￿￿On 8ivin8 me to b¢licve In any m•t¢r1￿ respea.. l. •ccouniing records were kepl in rupxl of tho Company 89 reqvirtdby K¢iion 386 of th¢ 21X)6 Act,. or . iheacc0￿Mis do withth0s¢ rt¢ords'. or 3. th x¢ount¥ do Dot ¢¢mply with the wuireni¢ttis of sxtion 396 ofth¢ 2CK16 Aci Oth¢rth￿ ￿Y requlr¢m¢ni th•Lth¢ A¢W4Lni$ give a f•ir vl¢w' wbl¢b IB QQ¢ a IIIAtier consideted ￿ part of ￿ independeni ex8miDiuon,' or 4. thr accounts have not been prepared in •ccordance withthe methods atsdpri￿lpleS oftbe S¢*ierneni of RecomDwided Practs¢e for •c¢ountin8 •nd r¢poiTIIJ8 by chAriiies applicable io chAriLÈeJ p￿parIn0 their accounis in ac¢ordan¢e with the Financial Reportin8 Swldard applicable in lh¢ UK and Republic of Ire14hd (FRS 102). I hlveno Coneerni and hive corne acrosi noother mitten in cothr￿lian withthe¢xamln4don 10 whi¢h itteniion should b¢ drawn inthli report in order ￿ enable • proper undern1￿ding ofthc actounu th be reAthed. Do¢v51gn•d by.. FT¢6w￿E182•Bl... Danld P*rrln FCCA D•Thiel Perrin & CoLirni*d 9 StJA]¢y Placg c4d0x￿n Ne SAIO 8BE 3O*Jathu8ry 20 Oocuslgn Envelopg ID.. O228B2D1-30194A4E-AC￿sD1A81D7C91F New Sandfjelds Aberafan and Afan-cornmunity Regeneration Statement of Financial Activities (including Income and Expendiwre Account) For the year ended 31 March 2024 Na Chari14bl¢4aiviti¢ 64,n7 85.590 61727 ExpeDdi¢ure Charli)bl¢wi¥ldfA <278.3KII (279JYJ) {112.755) 012,755) N*t tht0me1exp￿thre R¢¢oDdlballoJoffunds (214&53) {27.16S) Totsl tunds broughi forwwd Tot￿ fvnds (wrfed lorw&rd 217,140 244JOS 217,140 Docusl9n Envelope ID: 022BB2D14D194A4E-AC96-5D1A81D7C91F Re8ist¢r•a 03674953 New S8ndfields Aberafan and Afanlommunity RegeneNiott StatemcL¢ of Finan¢ial Positio As at 31 March 2024 Notts Tangibl¢ asxts 431.467 441J67 Curreni 45 Delko 4250 22.475 43,412 Creditots: f*lllD8 duè ￿thI￿One y {Il874) 1363tTJ NeltvrreDluets Cr¢dltor4: f4Uln8 du¢ Aft•r rnore th%D ont yo•r 12 (25J.72T) 217J Net auets The fuDdJ dthe thartty 13 2,487 217.140 217,140 Tolal fvn For the ye•r Ind￿ JI Ma￿h 2023 th¢ ¢OmPAny wu enuued to •xempdon ftorn wjdli und¢r sodlon 477 of the Companlu Act 2£￿6 relAdnK ￿ #m￿1 ¢omp&nl¢i. I'li¢ mcmbers have required Ihe ￿l￿panY io obtain an luth"l of its ttttouni8 for ihe year irt que81ion in acwdan¢e with ucctson 47 The tNstees *cknowledgt their rupollsibh1iti￿ for ¢omplyinR with the requirement$ of the Aa with ￿5P¢¢I io ￿£•untiD8 r¢¢ord$ ￿ the ryeparauon of account8. These P￿￿￿nts have been p￿PaIr￿ in ￿￿￿d￿n¢t with the provisions applicable io ¢ompanieg 5ubje¢t io the Small romp&nie$' rexime. The finAncial it•iemenii were approved and •uthorf3¢d for by Ihc Bolrd and 8isned on Its beh￿[ by.. 8lgn•d by: L¥h G8ry Robens Trust¢¢ 12th November 2024 Do¢￿19n Envelope ID.. 02288201-3D194A4E-AC9PAD1A81D7C91F New Sandfield$ Aberafan and Afan-community Regener￿lon Notes to the Financial st￿eMents For the year ended 31 March 2 Th¢ finllnc1￿ $t*m¢ais hav¢ been prep¥ed in accordAnce with the Sts*menr ofRe¢ornm¢nda Prxti¢¢'. A¢¢ountlh8 And Repo￿￿1 by ChAriues prepwih8their Accounts in accord￿£< with ¢h¢ Fitt4n¢i￿ RepoMn8 Standard 8pp]icable in the UK Repub]ic of Irellnd (FTIS 1021 (*¢ond ¢thiion- Ociobtr 20191. New Slndfields Aberaf8n and Afan-CouunuDity Reggn¢r4don mccls thr d¥finl￿O￿ of 8 pubJl¢ benefii tntity under FRS 102. Assets Ind liabl￿￿¢$ are initi•lly reco8niscd at historical cos¢ or traD$action va]uc unlcss Othcrwisc $14i¢d ID thc relev￿t accounting ￿lcY notes. There are ho sigtiificant judgements madc in thc proctss of applying th¢ entity's ictounting policies. With respeci to the next aecouniing period 2025 the tho$t Si8nAfit%nl of uneertwnly will affeti tht carrying va]ue of the assets held by th¢ rhuity ￿e the level ofinvestmefit rtDJrn and wfonnance of the invesunut This will aff¢Gt bdh the¢orw'ng tsf Anvestments attd also the ￿rfOrManCe of the pension ￿nds. New SaDdficlds Ab¢rafon Af•tt-ComnwDiiy ReSet￿ratioN meet$ the Ikfinition of a publi¢ bentfii cMity FRS 11)I Ass¢¢s Attd liibi]ities initsolly r¢¢ogrtis¢d w h1$twit￿ cos¢ ortraThsactiofi value unless othenvise sthtcd in the r¢l¢YAnt *¢¢ounlin¢ poli¢y note$. l. locowe from ¢hArltsble adlvltl In¢ome frorn c*withble activiut8 64,727 8SJg) 3. Colts of thirltsblt tttlvldel by thad ty Unre8trl¢ted fw Ch*lthbi¢ ￿1¥1￿ 86310 Supwl cNI¥ 24,575 26A73 11&755 Costsof thArltsblt4cdvltt#by8ftl￿ty type Acdvllks Crknt tundln8 or rtd¢rt*kt Acllyld S*pportoyts Supporti• cbarlthb1e￿lV1l￿es 191.9>7 61808 24375 Z￿380 J 12.755 S.AMly6190fJwrt ¢0 Support cos 24575 2&475 Oocufjgn Envelo￿10.. 022BB2D140194A4EAC9&501A81D7C91F New Sandfields Aberafan Afan-CommuDity Regelle￿i0n Notes lo the Financial Statements Continued For the Y￿ ended 31 M4r¢h 2024 6. NrtIDwmtJ{expendlture) for the ytar Tthis IS slated after ch4rpnWlcreditinB)'. Deprtciauonof Own￿ Asse¢8 $￿ff pen8LOD contiibutiona Total it4ff for th¢ yr4r ¢nd¢d 31 Mw¢h 2024 W￿.. Saiuies w•4¢$ 62,081 64,335 7r 788 65,IIJ AdminiJw•don Mhna8emcnt & C4Dbp•rndvt for the St*ts¥DeniofFIMncthl Adl¥ld Thteomparative yeu values on th¢ Sthtrmcni of Fin￿Cl9] Adivities for unresuicrcd fvnds. Oocuslgn Envelope ID.. 022882D1-3D194A4E-AC9&5D1A81 D7C91 F New Sandfields Abernfan Afan-community Regeneration Notes to the Financial Statements Continued For th¢ year ended 31 March 2024 11 Credlt•rJ: •mounts fAIIID8 d¥e Atler more Ibanone y 253.727 253.727 The followin8 li4bilities di￿10$¢du￿dcT ￿ditO￿ fallin8 duc4ft¢r MOr¢th￿ one year Are￿UTedbYthechgrIty'. 253.727 UnMtrl¢W Bal•nceat IDcomlng B￿4￿Ce#l G¢ner8J 217.140 64,727 (279J80) 2.487 Bthce al OIK411022 General Gttnthl 244J05 85.580 1112.7551 217.140 Jos GeDerAi Th¢ adV￿￿meThi of eth>cation, (rAinin8 or retr8iniThib p*rricularly hmon8s( unemploytd and ¢￿￿0￿1¢￿[Y Inactive people Providi￿ work experiene opptsrfumilies to relieve ¥i¢knrs5 wnd th preserve and pro¢c¢¢ goDd he41 I￿rp0B*ofrtSts1CIe￿ fwb* Rw¢ri# The advall¢¢meni of education, training or retr81nihg, particularly amongst unemployed aDd ecottomi¢ally Inattlvepeople ptoviditi8 work ¢xptiierf¢ opponuniii¢s io relieve sicknus and io preserve and protc¢i g(M)d health. Docuslgn Envelope ID.. 022882D1.3D194A4E-ACWSD1A8107C91F New Sandfields Aberzfan and AfaD-Community Regeneration Notes to the Financial Statements Continued For the year endeil 31 March 2 Twlbtellxed N•t A￿9 Gener•l Prevlousytar l aLfr¢ni > • •sstlll r4•iA*ts Unrestslrttd 431A67 1254727) 217,1410 Docu8￿n En￿10￿10.. 022B82D1-3D194A4E.AC98-501A81D7C91F New Sandfields Aberafan and Afgn-community Regeneration Dctailed Staternent of Financial A¢tivities For the year ended 31 Marth 2 Ch•rltsbl¢•¢dvlll Ih¢ome fromehariiable aL%iVittU 64.n7 85.590 n7 ch￿￿tAb￿Acd￿tt Cost ofdirt¢t charitable aL*ivity Ctmt of furtdtd ¢￿￿TI￿bie {191,997) (64.7271 121.137) (65,123) (25&7241 186JO0) SUPPORT Co￿5 Suppon co 124J751 (26.475) 12WS) 12WS) (279*) (114755) N¢1 Expendlture 1214031 127,1651 This py do&¥ not fornpgJt of ihe swjtory financial Docusign Envelope ID: 022BB201-3D194A4E-AC96-5D1A81D7C91F Charity number: 1088934 Company number: 03674953 (England and W￿eS) New Sandfields Aberafan and Afao-communiry Regeneration Report of the Trustees and Unaudited Finthcial Sthi¢meni8 For the year ended 31 March 2 Mllllllll *ADJ2M9MS* 3011212024 COMPANIES HOUSE #158 Doanign Envelopg ID.. 022B82D1-30194ME-AC96-5D1A81 D7C91F New Sandfield5 Aberafan and Afan-conununity Regeneration Contents Page For the year ended 31 March 2024 R¢port tsf thcTnJsiees 1103 Indcpcnth4ht Examin¢rt Re￿1 to th¢ TnLS¢ St￿¢￿ent of FInM￿lS] Acdviti SithmEM of Financlpj POSI￿On Not¢$ LotheFin8ocial Siai¢m¢nlS 7t0 11 Dei*iled Su*menl of Pin4n¢14J A￿1￿le4 12 Docuglgn Envelopo ID.. 022B82D14Dl94A4Ethc￿5D1A8l D7C91F New Sandfi¢lds Aberafan and Afan-CoDununity Regeneration Report of the Thisl¢es For the year ended 31 March 2￿24 Th¢ trus¢¢¢8 who are tho dwectors of the tharity for the puwes of the Comp￿¢$ Act 2CK]6, present their re￿rt with the financial gtaiements of the ¢h•Jity for the yur ended 31 M4rch 2024. The misle¢5 have ￿0p1¢d the Provisions of Accourbting Reportin8 by Ch4ritsei.' SialcTD¢LI of RecommendeA Practic¢ appli¢Abl¢ io cbariues PTViD8 their accounts in aC￿rd￿n¢t with the FLnaiicLal Reporrin8 Standard applscable LD the UK 8nd R¢public of Ir#lw)d (FRS 1021 {eff¢rnotion for ihe publi£ benefit of wb*a or reReneMion in ￿e•S of social and eeonomic deprivation, in particulu, the elector￿ WATd5 within ih¢ elecwrnl Constituency known as Aberafan. The ldvartcemeni of educ*ion, training or retrnining, parriculArly amongst uNemployed 8nd econWUc￿IY inBaive people providing work ¢xp¢ri¢j￿ QPPDrtwiities rebtve sickne5g and to preserve and prottd Kood heajth. Th¢ T¢ii¢f of pov¢Jry. To provide recreatsonAI fxiliti¢5 for the public at lar8e or thosc who by r¢wsoD ot ¢beir youth* Age, infumity OF dis•bl¢meD[ poveny or s￿141 and e¢onmi¢ ¢ircUD￿t•DC¢￿ have need of such fAcilitiu. The tiuittteThance, improvemenl or PrnVi&bOh of pub￿¢ wneniiiu. The promotion of publi¢ ￿￿ety and the preveLtioJJ of crime. Such other means as May from um¢ LO time be deiermined svbjeci io the pnor consent ofthe charity cornmimioner for England and Wales. Supportin8 r¢¥¢n¢r•liort to ¢n•bl¢ 8 qUAiity of lifc for ¢ominyiiitse8. Helping Communitiu Work i08¢th¢r. Public wvice. le4der8hip. ielfluJn¢&i. i1￿e￿Ity. objeaivity, hontaty, •ccount•biLiLy and s*wuthbip. ACHIEVEMENT AND PERFORMANCE A¢¢lwltl¢s Durin8 2023124 w¢ had D¢W ¢¢ntre U$Ers- Phy5icNi Brnpow¢rnient artd WThi¢eh¢ad R055. Jnd ¢oMinued worknn8 ttl*ion5hip$ with MarnudeY8 Men's Health. Rainbow Trtt Wdes, Driv¢ s¢v¢TrJ rommun>iy OT8PA115ations. Th¢ 1hr￿ ￿mbery of 5t4ff ¢ontinu¢ to work N 4 day wo￿.￿¥ w¢¢k in oTd¢T ¢0 ¢ov¢r ￿1 3 premises. FINANCIAI. RIiVIF.W Me5ervu ptsllty li i¥ the pob¢y of ih¢ or8anL¥atiOlI 10 M•in￿l￿ unrcstsi¢led and dcsiwha*d fvllds lo enBurc 6ufficient reseNes to rLeei th￿# months riinrti118 COSL4. However in th¢ ¢v¢DLof perii*Js of diericult tradin8 this Continues ¢0 be no longer achi¢vAbl¢ until the survival str4tegy ¢Ji5posJJ of unproductiv¢ ￿sets 15 achicved. IIJTURE PLAN$ The orB4wj•￿0n *¢kJ io commuDliy bued re&¢n¢rntiOll A¢tivltl¢i bued on cip•¢ity for In¢om¢ i¢nrridon. STRUCTVR4 GOVERNANCE Af4D MANAGEMENT G•v*rDth¥ dottumtnt The or88nisation li & ch*ithble tompkny b'mitC41 by ¥u*r*n￿. itteorporated on 27 Novrmber 1991. The compAny e$tabliihed under • Memor￿duM w￿.¢h ejtabknshcd thc objects powers of the coMp￿Y And IÉ governed under its Articles of Associaiion. The company bec￿ a chvity pursuani 10 Sp¢¢ial ResoIknLion$ passc41 ai its ArtNu&l Geheral Meetin8 held Ott 27 June 2(KJl written resolution dAted 26 Septethber 2001. Subsequent Atnendrncnts widertin8 the atta of b¢nthciBries to includ¢ the elxiora] wyd of Abtrnvon and ihertby i nprn¢ than8e wete ￿0p[ed da￿1 29 S¢￿¢t￿￿tr 21MM aud Tatified with A wrilttN r&solution OA 9 March 2005. In the e¥en( of the company being wound up the d&r¢cior tru51ee5 ar¢ requir￿ to ¢onvibuL¢ an 4mouBi Thot ¢x¢¢¢ding £10. On 3 September 2012 AGM, ftsllowiDg • yearolcommuniry con5ulIAiion lh¢ charitable COMp￿Y Am¢ndcd its MemornndurD and +lffi¢l¢$ of Aiio¢iAlii)n to irtclude the ConstituezLCy of Aberavon in its area of benefi¢i8ries ¢b￿ged its narn¢. The Changes hve been re8151ered with the Ch&iries CommiJsioD gmd Compalliu Hou dw>n8 th¢ fin4n¢]￿ yeu 2012113. RecTullmeDI appointrnellt of new trwtees The th're¢iors of the Company al80 ¢h•xiiy ¢Nslc¢s for the purposeA ofchtiriiy law and undcr th¢ Mmp&rty'9 M&Mr4ndum and Ar¢ielti va known *s direcior tr￿1¢Pl and rllernbers of the Board. Under thc requirernenli ofthe MemDrllndum ahd Articles of AssOcL￿10￿, the rnembm of th¢ Boud are eleeted Al the AGM. Th¢ B0￿d h adopted by-law5 to allow fre¢ m¢rnb¢rship of the orgomsauon Nnd ihat of the 18 p¢nnitt¢d dIr￿l￿r tw$i¢¢s, 9 will be r¢SLd¢nts in the con$uw¢n¢y of Aberavon $h*ll ¢OAwrise one from each el￿t0[al ward, 3 Shall t¢ appoimed from Te5id¢nts within communities first Wardi 4nd 3 shall be ftom busine5S. Any withih the Board is Adverti$e4 prior to the AGM and Appropria* Dominaliorts itivited from the membefship of the olg￿lS1ti0Th or by way of iniroduclion in the case of by$in¢55 nDmillo￿. Thc BoArd has appoinlcd a wid B1￿1￿c5S MEnager who sh4]I dirc£i pjl opEra¢ion5. bugin¢s5 plu￿1￿¥. busin¢5$ 4dministr4tion. human Tewurce m4naBern¢Tri, fin•nc¢ Nnd m¥ke¢ini of the Comp￿Y'l wrnmunity YeKenerntion mi55i0n. NSA Af4n has a board of direciorltnthE5 whicb Aims 3 time5 8 yearwM ate re8poosible for the stra*gic diteciioD 8nd ￿lIcY of the chwity. Ai the year ¢nd the Board ha8 4 directow The tn]s*es rep￿￿¢￿1 4 DymbEr Qf Te5ident$ artd ￿mm￿DitY intertsts a5 well those with busiDe55 wofwionAI ba¢kyDund$. The COT(ptty secretary d¢)es Jii on th¢ b0￿d bas no ¥￿Ing rights. A5 ref¢Tre4J to ab¢>ve. a 5¢hem¢ of deJ¢E4uon withih a martaRemeh¢ stnjcrure is in pl4¢e Attd the day io day, reswnsibility for th¢ management and delivery of ￿1 programmes, projects 4nd services rests With ibe BusiK55 M•mag¢r who 4150 manages al] developmen( oper4110￿ b￿lnesS plaThning, bu5ines5 adrninistratso￿ human Tesource m4naKemeni, finance and markeliTh8 Of the company's ¢ornmvnity re&eneiation mission. This 15 accomplished viathe Bwines$ Manager. Financ£ Offir¢r F¥iliti¢s Ad￿inIstrat9l5 in th¢ C¢ntrts. Docuslgn Envelopg ID.. 0228B201-3D194A4EAC96-5D1A81D7C91F IDdu¢tlon aDd trnlnlDg thf mew In￿1￿*& All tsNsttes are f•miiipr with the runThing of the or8athi¥ation. four time5 h yt4r in xh¢dul¢d Board thtditi8s ahd Éet the bud8et fot the year and decide on the stra*8ic direaion ofthe company (or the ensuing y￿. New tr￿tets are inducted into theirmle by the Company Seu¢rary. Most IDJStees hav¢ participai¢d in a'ChaTiry Ttyst¢¢ R¢sponsibitities' ttaining eveni which ve bovght in from B¢vatt and B¥ckJand. They a]so receive Ch8riry CommAssion oewsleutr5 on th¢ roles of TDJste¢$ and r¢lai¢d i$$uts. Th￿1¢¢$ u¢ v¢ry faTruliAr with the rllhnifj8 of ￿1 Mspecis ofthe Or&￿iS¥t10￿ by Tcccivini th¢Chi¢f EK¢¢utive's It￿rt and the Minu￿ of the Senior Mallagcmcnl I￿rn o monthly b•shJ. Trusl¢¢s conforw ￿ All aspects of Ch￿ILY law and a visit ID 200fm by th¢ Chwities Conunission review *am help￿1 5tyenyhEn the ¢hawiry •thd th¢ role of its ty4w*e4. This 1$ renec*41 in chattges in the Memotalldum aDd Articles of Asw¢iats"on with ￿￿*Td w introducing roiaiioD of Tnjsreu for example. Key m8118BellieJit ftmutherntlo Staff Sa]aries are curTeDdy paid to 3 Suff mtQLb¢T5 who •r¢ tststl¢d ty teimbursement of esseDtial expenses only. T￿￿¢¢$ Irt ¢ntitl¢d to daim rea80nable expthses incuwr¢d in tr•v¢IJitt8 ￿ meetittg locatiom. Relgted partl We WO￿ in P￿￿en￿1P with 4 numb¢r ofor8Mi14tioni who h•v¢ iDi¢r¢it In or • b￿e in s￿d￿tI￿, Ab¢ravon th¢ wid¢r N¢Aih Pon And Swor￿& Biy ut4 Ind who support Nidents in &*pects of the qu4Jity of their liv¢s. For cxlmplt, we have PTovided public support for th¢ Tid4J Lagoon Swansta B*y scheme propDStd by & Special Pu￿0$¢ Vehicl¢ Company of the 5amc name. The chaTily has purthased 6 sbar¢s in the sclL¢me iotA]knng £4.8Crt) as a d¢moDstTatiOJ of eommiknenl to cle4 reDewable energy and the pDtenti￿ cott)munity bettefits of the xbeme to residents in the Swansea Bay area. The Compally S￿[¢¢•ry 15 thE of the Active Group for Neath Port Talbot which comptises ovci 300 membets of the 1,000 sypponers woss Swansea Bay. Rlsk mana8emeDt Poli¢i¢$ thrt in plate procedures obÈer¥ed in respeci of huith aDd 54f¢ty of our stlff. vojunteers and Cu%￿MM ￿ our premiscs which 31 Ma￿h 2024 Af¢.'- Th¢ 2mploym¢hi Aeidemy It Dajion Road is the NSA Aran Officiwj Hr4dqu•rt¢rs. Th¢ ComrDunily D¢v¢lopmenl Centr¢. Bevin Avenue li active with a SIAff mcmb¢r in po81. Th¢ Community eentrÈ ￿ Michna Stre¢t remiini open run on * my1v￿lY k¢y hold¢r bJg1$ with lo¢￿ 8roiipB. All neussary pokncies for employing 51aff are in Pl￿ and th¢5¢ arc rcviewtd annuauy. Two or more policies #r¢ r¢vitw¢d #i ¢*h bo•xd m¢¢LID¢. Each mEmlxr of siaf( has been issued wAth employee handbook whi¢h sets PE¥50nnd pobcieB. The chariiy introduced a siricter form oFtontrol$ as a conwu¢nc¢ offrAudul*ttt ￿tlY]tIes Idetttified duri￿4 the years which were cajried out by fornKr ¢thploy￿. Thi's 1$ refetted 10 in the audiiols reporL RXFERENCE AND ADMINISTRATIVE DETAIIS R¢glst¢red Compthy Lu￿be￿ 03674953 IEnglNnd 4nd Wai¢sl R*Klstsred Chartty nwnbtr IOB8934 Re￿1¢red offl¢¢ NSA Afw Employm¢tst Ac￿eMY D￿10￿ Road PORT TALBOT SA126SF Prltheipal oddress Clo NSA Afirt EmploYn￿l Academy D￿10￿ Ro4d S*Ddfi¢lds PORT TALBOT SA126SF Tn￿¢•¥ Gattih Robens DJGa8e D EdwATth S Jone8 Chair Vice- Chatr C￿P￿Y Se£retAry S Rooney AteVUDtants Daoiel PeYriD & Co Lirnited 9 Stsnjey Pl￿¢ Cadoxton Ne•ih SAIO8BE Solldtor John Collins & PoM¢r$ LLP Venture Court Waterside Business Park Va]ley Way Enwprise Park SWIn￿a SA6 8QP DooJ8ign Envelope 10: oZ28820140194A4E-AC￿SD1A8lD7C51F B*nk*rs Lloyds Bank PLC 115 Station Road Port Ta]boi SA13 INR STATEMENT OF TRUSTEES RESPONSIBILMES The tDJ51ees (who are dso the diTeaor3 ofN¢w S4ndfield5 and Afatt Community ReBeDetAtsOTh for the puryose5 of complny lawl are rupDnsible for pr¢pwini the Report of the Trusiees And the financial st4*rnenu in K￿danCe with appli¢•bl¢ law Ènd United Ki￿d0M Accoutsrin8 Siandafth (United KinBdom Gener￿Y Accepted Accounling Ptadice}. Company law Tequircs the trustees io pr¢part fin•¢1￿ st•t¢Jn¢ttts foreach fin*ficial year w￿.¢h give a uue ￿ld fair view of the slaic of affair5 of th¢ ¢h*itabl¢ ¢omwy and of the incoming teÈources and application of ruourccs, in¢ludiag the iDrorn¢ 4ttd expehdiiurt. of the th￿ttable compaDy for that wiod. In prepwing th0￿ financial siaiements, the trust￿ ¥¢ r¢quired to lea $uitsble ￿COu￿￿n¥ pdi¢i¢J 4nd thtn llpply them cwistenily. observe the meihods and principles in the Chprity SOR2: make jud8emenis and t￿lmIleS thii are reasonable Ind prudent., Prepare the fln•th¢i*l 8tatemeots on the Roin8 concern basis uoLe88 Ills Inippropwl4* 10 pTwumt lh¢ ¢h•ritsbl¢ ¢omp•Ay wlil Coodnue IA bu$ines$. Th¢ tru$iees are responsible for keeping proper accounting recorth whi¢h dis¢los¢ with r¢asoDAbl¢ 4¢curncy Ai tlme the fiDancial position of the ch8ritable ￿mpaNY •nd to cnablc them 10 cnsure the fin&ttciai siatetLent$ comply with the Comp￿1¢5 Acl 2(KkO. They ￿%0 responsible for safeKuatdinB thc &wis of the ch*it¥ble ¢OMp￿Y and h¢h¢¢ for ￿kIn$ r¢Asonabl¢ 8tep$ for the prevenuon and detection of fraud And ￿tr Irre￿1¥117¢5. In so far as the are aware: there 18 no relevaht ludii inlorm8tion of which ihe Ch￿l￿ble ¢ompany'i authiorj *rt Unaw￿.. Tr tru&tee$ have itherL iieps th81 they oughi ￿ h4Ye 14knn 10 rllAk¢ them5elvu *w•xo of4ny r¢I¢v￿1 4ydii itifi)nDlltioll 4Dd 10 tsiiblisb th th¢ audllorj wr¢ aw4te r>f InfornLidon. ACCOUNTANTS The Inde￿ndent ex￿intr, Duruel P¢rriD & Co Limiied. will be propoied for wintrneni al the forthcoming Aanual Gener41 Men$ible fot the prepaNionof the attoiinlsitsxccordathce with th¢ r¢quir¢m¢Drs of the Cornponi¢5 Act 2CrfJ6 (the 2006 Adl. Mts$fi¢d thyself the *cco¥nts of the COmp￿Y Are noi requI￿d 10 be iuth'*d under Part 16 of the 2006 Ath and ¢li8ible for independeni rn1￿10￿, I rwn in respect of my ¢5aminJtioTh of yow ¢hwity'8 Kcounts ¢pJrl¢d oul s¢£iioD 145 of th¢ ChRrities kn 2011 (the 2011 Act). ID oyt my ￿aMInatIon J hav¢ follow¢d th¢ Dir￿lon$ giv¢n by the Commissioth undtr *thion 145(5)(b) of th¢ 2011 ACL I have completed my exAmination. I confirn thAt no have cometo my ￿ention in c4)nnudon wlih the exami￿￿On 8ivin8 me to b¢licve In any m•t¢r1￿ respea.. l. •ccouniing records were kepl in rupxl of tho Company 89 reqvirtdby K¢iion 386 of th¢ 21X)6 Act,. or . iheacc0￿Mis do withth0s¢ rt¢ords'. or 3. th x¢ount¥ do Dot ¢¢mply with the wuireni¢ttis of sxtion 396 ofth¢ 2CK16 Aci Oth¢rth￿ ￿Y requlr¢m¢ni th•Lth¢ A¢W4Lni$ give a f•ir vl¢w' wbl¢b IB QQ¢ a IIIAtier consideted ￿ part of ￿ independeni ex8miDiuon,' or 4. thr accounts have not been prepared in •ccordance withthe methods atsdpri￿lpleS oftbe S¢*ierneni of RecomDwided Practs¢e for •c¢ountin8 •nd r¢poiTIIJ8 by chAriiies applicable io chAriLÈeJ p￿parIn0 their accounis in ac¢ordan¢e with the Financial Reportin8 Swldard applicable in lh¢ UK and Republic of Ire14hd (FRS 102). I hlveno Coneerni and hive corne acrosi noother mitten in cothr￿lian withthe¢xamln4don 10 whi¢h itteniion should b¢ drawn inthli report in order ￿ enable • proper undern1￿ding ofthc actounu th be reAthed. Do¢v51gn•d by.. FT¢6w￿E182•Bl... Danld P*rrln FCCA D•Thiel Perrin & CoLirni*d 9 StJA]¢y Placg c4d0x￿n Ne SAIO 8BE 3O*Jathu8ry 20 Oocuslgn Envelopg ID.. O228B2D1-30194A4E-AC￿sD1A81D7C91F New Sandfjelds Aberafan and Afan-cornmunity Regeneration Statement of Financial Activities (including Income and Expendiwre Account) For the year ended 31 March 2024 Na Chari14bl¢4aiviti¢ 64,n7 85.590 61727 ExpeDdi¢ure Charli)bl¢wi¥ldfA <278.3KII (279JYJ) {112.755) 012,755) N*t tht0me1exp￿thre R¢¢oDdlballoJoffunds (214&53) {27.16S) Totsl tunds broughi forwwd Tot￿ fvnds (wrfed lorw&rd 217,140 244JOS 217,140 Docusl9n Envelope ID: 022BB2D14D194A4E-AC96-5D1A81D7C91F Re8ist¢r•a 03674953 New S8ndfields Aberafan and Afanlommunity RegeneNiott StatemcL¢ of Finan¢ial Positio As at 31 March 2024 Notts Tangibl¢ asxts 431.467 441J67 Curreni 45 Delko 4250 22.475 43,412 Creditots: f*lllD8 duè ￿thI￿One y {Il874) 1363tTJ NeltvrreDluets Cr¢dltor4: f4Uln8 du¢ Aft•r rnore th%D ont yo•r 12 (25J.72T) 217J Net auets The fuDdJ dthe thartty 13 2,487 217.140 217,140 Tolal fvn For the ye•r Ind￿ JI Ma￿h 2023 th¢ ¢OmPAny wu enuued to •xempdon ftorn wjdli und¢r sodlon 477 of the Companlu Act 2£￿6 relAdnK ￿ #m￿1 ¢omp&nl¢i. I'li¢ mcmbers have required Ihe ￿l￿panY io obtain an luth"l of its ttttouni8 for ihe year irt que81ion in acwdan¢e with ucctson 47 The tNstees *cknowledgt their rupollsibh1iti￿ for ¢omplyinR with the requirement$ of the Aa with ￿5P¢¢I io ￿£•untiD8 r¢¢ord$ ￿ the ryeparauon of account8. These P￿￿￿nts have been p￿PaIr￿ in ￿￿￿d￿n¢t with the provisions applicable io ¢ompanieg 5ubje¢t io the Small romp&nie$' rexime. The finAncial it•iemenii were approved and •uthorf3¢d for by Ihc Bolrd and 8isned on Its beh￿[ by.. 8lgn•d by: L¥h G8ry Robens Trust¢¢ 12th November 2024 Do¢￿19n Envelope ID.. 02288201-3D194A4E-AC9PAD1A81D7C91F New Sandfield$ Aberafan and Afan-community Regener￿lon Notes to the Financial st￿eMents For the year ended 31 March 2 Th¢ finllnc1￿ $t*m¢ais hav¢ been prep¥ed in accordAnce with the Sts*menr ofRe¢ornm¢nda Prxti¢¢'. A¢¢ountlh8 And Repo￿￿1 by ChAriues prepwih8their Accounts in accord￿£< with ¢h¢ Fitt4n¢i￿ RepoMn8 Standard 8pp]icable in the UK Repub]ic of Irellnd (FTIS 1021 (*¢ond ¢thiion- Ociobtr 20191. New Slndfields Aberaf8n and Afan-CouunuDity Reggn¢r4don mccls thr d¥finl￿O￿ of 8 pubJl¢ benefii tntity under FRS 102. Assets Ind liabl￿￿¢$ are initi•lly reco8niscd at historical cos¢ or traD$action va]uc unlcss Othcrwisc $14i¢d ID thc relev￿t accounting ￿lcY notes. There are ho sigtiificant judgements madc in thc proctss of applying th¢ entity's ictounting policies. With respeci to the next aecouniing period 2025 the tho$t Si8nAfit%nl of uneertwnly will affeti tht carrying va]ue of the assets held by th¢ rhuity ￿e the level ofinvestmefit rtDJrn and wfonnance of the invesunut This will aff¢Gt bdh the¢orw'ng tsf Anvestments attd also the ￿rfOrManCe of the pension ￿nds. New SaDdficlds Ab¢rafon Af•tt-ComnwDiiy ReSet￿ratioN meet$ the Ikfinition of a publi¢ bentfii cMity FRS 11)I Ass¢¢s Attd liibi]ities initsolly r¢¢ogrtis¢d w h1$twit￿ cos¢ ortraThsactiofi value unless othenvise sthtcd in the r¢l¢YAnt *¢¢ounlin¢ poli¢y note$. l. locowe from ¢hArltsble adlvltl In¢ome frorn c*withble activiut8 64,727 8SJg) 3. Colts of thirltsblt tttlvldel by thad ty Unre8trl¢ted fw Ch*lthbi¢ ￿1¥1￿ 86310 Supwl cNI¥ 24,575 26A73 11&755 Costsof thArltsblt4cdvltt#by8ftl￿ty type Acdvllks Crknt tundln8 or rtd¢rt*kt Acllyld S*pportoyts Supporti• cbarlthb1e￿lV1l￿es 191.9>7 61808 24375 Z￿380 J 12.755 S.AMly6190fJwrt ¢0 Support cos 24575 2&475 Oocufjgn Envelo￿10.. 022BB2D140194A4EAC9&501A81D7C91F New Sandfields Aberafan Afan-CommuDity Regelle￿i0n Notes lo the Financial Statements Continued For the Y￿ ended 31 M4r¢h 2024 6. NrtIDwmtJ{expendlture) for the ytar Tthis IS slated after ch4rpnWlcreditinB)'. Deprtciauonof Own￿ Asse¢8 $￿ff pen8LOD contiibutiona Total it4ff for th¢ yr4r ¢nd¢d 31 Mw¢h 2024 W￿.. Saiuies w•4¢$ 62,081 64,335 7r 788 65,IIJ AdminiJw•don Mhna8emcnt & C4Dbp•rndvt for the St*ts¥DeniofFIMncthl Adl¥ld Thteomparative yeu values on th¢ Sthtrmcni of Fin￿Cl9] Adivities for unresuicrcd fvnds. Oocuslgn Envelope ID.. 022882D1-3D194A4E-AC9&5D1A81 D7C91 F New Sandfields Abernfan Afan-community Regeneration Notes to the Financial Statements Continued For th¢ year ended 31 March 2024 11 Credlt•rJ: •mounts fAIIID8 d¥e Atler more Ibanone y 253.727 253.727 The followin8 li4bilities di￿10$¢du￿dcT ￿ditO￿ fallin8 duc4ft¢r MOr¢th￿ one year Are￿UTedbYthechgrIty'. 253.727 UnMtrl¢W Bal•nceat IDcomlng B￿4￿Ce#l G¢ner8J 217.140 64,727 (279J80) 2.487 Bthce al OIK411022 General Gttnthl 244J05 85.580 1112.7551 217.140 Jos GeDerAi Th¢ adV￿￿meThi of eth>cation, (rAinin8 or retr8iniThib p*rricularly hmon8s( unemploytd and ¢￿￿0￿1¢￿[Y Inactive people Providi￿ work experiene opptsrfumilies to relieve ¥i¢knrs5 wnd th preserve and pro¢c¢¢ goDd he41 I￿rp0B*ofrtSts1CIe￿ fwb* Rw¢ri# The advall¢¢meni of education, training or retr81nihg, particularly amongst unemployed aDd ecottomi¢ally Inattlvepeople ptoviditi8 work ¢xptiierf¢ opponuniii¢s io relieve sicknus and io preserve and protc¢i g(M)d health. Docuslgn Envelope ID.. 022882D1.3D194A4E-ACWSD1A8107C91F New Sandfields Aberzfan and AfaD-Community Regeneration Notes to the Financial Statements Continued For the year endeil 31 March 2 Twlbtellxed N•t A￿9 Gener•l Prevlousytar l aLfr¢ni > • •sstlll r4•iA*ts Unrestslrttd 431A67 1254727) 217,1410 Docu8￿n En￿10￿10.. 022B82D1-3D194A4E.AC98-501A81D7C91F New Sandfields Aberafan and Afgn-community Regeneration Dctailed Staternent of Financial A¢tivities For the year ended 31 Marth 2 Ch•rltsbl¢•¢dvlll Ih¢ome fromehariiable aL%iVittU 64.n7 85.590 n7 ch￿￿tAb￿Acd￿tt Cost ofdirt¢t charitable aL*ivity Ctmt of furtdtd ¢￿￿TI￿bie {191,997) (64.7271 121.137) (65,123) (25&7241 186JO0) SUPPORT Co￿5 Suppon co 124J751 (26.475) 12WS) 12WS) (279*) (114755) N¢1 Expendlture 1214031 127,1651 This py do&¥ not fornpgJt of ihe swjtory financial