2023-03-31-accounts - Gellideg Foundation Community Association

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			Page
Report ofthe	Trustees	1	to	9
Independent	Examiner's Report		10
Statement of	Financial Activities
Statement of	Financial Position		12
Statement of	Cash Flows		13
Notes to the	Statement ofCash Flows		14
Notes to the	Financial Statements	15	to	23
Detailed Statement ofFinancial Activities		24	to	25

						31.3.23	31.3.22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E		6
INCOME AND ENDOWMENTS		FROM
Donations and legades			2	78,749	329,394	408,143	310,229
Other trading activities			3	71,558		71,558	31,582
Total				150,307	329,394	479,701	341,811
EXPENDITURE ON
Raising funds							13,912
Charitable activities
General				166,077	296,721	462,798	428,217
Total				166,077	296,721	462,798	442,129
NET INCOMEI(EXPENDITURE)				(15,770)	32,673	16,903	(100,318)
Other recognised gains)(losses)
Gains/(losses) on revaluation	of	fixed assets			(2,215,909)	(2,215,909)
Net movement in funds				(15,770)	(2,183,236)	(2,199,006)	(100,318)
RECONCILIATION OF FUNDS
Total funds brought forward				264,889	3,480,563	3,745,452	3,845,770
TOTAL FUNDS CARRIED	FORWARD			249,119	1,297,327	1,546,446	3,745,452

	Statement of Financial Position	Statement of Financial Position
	31 March 2023
				31.3.23	31.3.22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	8		8	E
FIXEDASSETS
Tangible assets	11	35,032	955,123	990,155	3,200,855
CURRENT ASSETS
Debtors	12	30,897	45,200	76,097	75,226
Cash at bank		193,964	297,004	490,968	478,329
		224,861	342,204	567,065	553,555
CREDITORS
Amounts falling due within one year	13	(10,774)		(10,774)	(8,958)
NET CURRENT ASSETS		214,087	342,204	556,291	544,597
TOTAL ASSETSLESSCURRENT	LIABILITIES	249,119	1,297,327	1,546,446	3,745,452
NET ASSETS		249,119	1,297,327		3,745,452
FUNDS	14
Unrestricted funds				249,119	264,889
Restncted funds				1,297,327	3,480,583
TOTALFUNDS				1,546,446	3,745,452

		Statement ofCash Flows
		for the Year En ed 31 March	2023
			31.3.23	313.22
		Notes		F
Cash flows from operating	activities
Cash generated from operations			59,349
Net cash provided by operating activities			59,349	7,403
Cash flows from investing	activities
Purchase oftangible fixed assets			(46,710)	(117,011)
Sale ofintangible fixed assets			(8,100)
Sale oftangible fixed assets			8,100
Net cash used in investing activities			(46,710)	(117,011)
Change in cash and cash equivalents		in
the reporting period			12,639	(109,608)
Cash and cash equivalents	at the
beginning ofthe reporting	period		478,329	587,937
Cash and cash equivalents	at the end	of
the reporting period			490,968	478,329

ACTIVITIES
					31.3.23	31.3.22
					6	E
Net income/(expenditure)		for the reporting	period (as per the
Statement ofFinancial Activities)					16,903	(100,318)
Adjustments for:
Depreciabcn charges					33,401	69,860
Loss on disposal offixed assets					8,100
(Increase)/decrease	in debtors				(871)	47,804
Increase/(decrease)	in creditors				1,816	(9,933)
Net cash provided	by operations				59,349	7,403
ANALYSIS OF CHANGES		IN NET FUNDS
				At 1.4.22	Cash flow	At31.3.23
					E	6
Netcash
Cash at bank				478,329	12,639	490,968
				478,329	12,639	490,968
Total				478,329	12,639	490,968

DONATIONS AND L	EGACIES
					31.3.23	313.22
					5	E
Donations					20,000	130
Grants					388,143	310,099
					408,143	310,229
Donations in the year	total 620,000 from Samworth Brothers Ltd, Charity Challenge.
Grants received, included in the		above, are	as follows
					31.3.23 f	31.3.22
			Emergency Winter Food Bank
Aldi			Fund		1,000
Feeding Britain			Community Food Fund		3,500
Future Valleys Construction Merthyr			Communities Initiative	Funding	900
Merthyr Tydfil CBC			Youth Services		78,994	75,000
Merthyr Valley Homes			Wellbeng		20,000	45,000
Merthyr Valley Homes			ITSupport			7,680
The Moondance Foundation			Moondance Covid-19	Relief Fund	12,750	8,400
Ffos Y Fran			Large Grants Scheme		23,200	500
Ffos YFran 2						5,000
South Wales Police and Cnme
Commissioner's victim	Fund		Wellbeing Sessions			2,206
Voluntary Action Merthyr Tydfil			Wellbeing for Staff			1,494
Postcode Community	Trust				25,000	19,674
BBCChildren m Need			Money Heros Programme			1,000
RDP						21,735
The National Lottery Community		Fund	Awards for all			10,000
			Integrating Care Fund	for
Voluntary Action Merthyr Tydfil			Dementia		15,000	9,500
Voluntary Action Merthyr Tydfil			Loneliness and Isolation		1,401	2,344
Voluntary Action Merthyr Tydfil			Feeding Britain		1,428
Voluntary Action Merthyr Tydfil			Winter Pressures			1,882
Merthyr Tydfil Housing	Assoc		Fit and Fed		3,307	375
Merthyr Tydfil County	Borough	Councl	Capital Food Poverty			6,475
Merthyr Tydfil County	Borough	Councl	Intergenerational Outdoor Project			500
Merthyr Tydfil County	Borough	Council	Match Winter Pressures			2,470
Merthyr Tydfil County	Borough	Council	Play Provision			5,000
Merthyr Tydfil County	Borough	Council	Revenue Food Poverty Grant			3,000
Merthyr Tydfil County	Borough	Counol	SETSCapital Grant			21,422
Merthyr Tydfil County	Borough	Council	Youth Winter Wellbeing			4,500
Merthyr Tydfil County	Borough	Council	Playfest		807
Merthyr Tydfil County	Borough	Council	Summer of Fun		9,500
Merthyr Tydfil County	Borough	Coundl	Equality and Diversity	Project	1,800
Merthyr Tydfil County	Borough	Council	Cost of Living Crisis Support		5,818
			School Holiday Play Provision
Merthyr Tydfil County	Borough	Coundl	2023		3,000
Merthyr Valley Homes			Food Prosperity Fund		3,000
			Helping Everyone Eat	better
Sainsbury's			Community Grant Fund		500
Tesco Community Grant					1,500
Nabonai Grid Electncity Distribuiion			Community Matters Fund		10,000
The Julia and Hans Reusing Trust			The Foodbank Fund		11,590
Gwendoline 8Margaret Device		Chanty			9,800
The Nabonal Lottery Communily		Fund	Cost of Living support		99,875
Monmouthshire Building Society			Monmouthshire Building Sociely
Charitable Foundation			Charitable Foundation		1,820
Marks and Spencer			Gifting Grants		1,000

	Edward Gostling Foundation				10,000
	BBCChildren in Need	Cost of Living Support			500
	Garfield Weston Foundation				25,000
	Lloyds Bank Foundation	Cost of living		uplift	2,250	25,000
	T K Maxx					50Q
	Kick Start					1,000
	Welsh Government	Food Poverty Grant				14,400
	Welsh Government	Household	goods			2,042
	Welsh Government	Household	Support Grant		3,903
	Western Power Distribution	Community		Matters		10,00Q
	Youth Cymru					2,000
					388,143	310,099
3.	OTHER TRADING ACTIVITIES
					31.3.23	31.3.22
	Other income				71,558	31,582
4.	RAISING FUNDS
	Other trading activities
					31.3.23	31.3.22
	Purchases					13,912
5.	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs f	note 6) F	Totals
	General			458,187	4,611	462,798
6.	SUPPORT COSTS
	Governance costs				2023
	Audit fees					8,958
7.	NET INCOMEI(EXPENDITURE)
					31.3.23	31.3.22
	Depreciation -owned assets				33,401	69,850

		31.3.23	31.3.22
Gross	Wages	219,176	197,366
Sonal	Secunty	18,822	14,780
		237,998	212,146

The average monthly number ofem	The average monthly number ofem	ployees dunng the year w	as 15(2022. 14).
No employees received emolumenls		in excess of860,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
			Linrestncted	Restncted	Total
			funds 8	funds f	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legaaes			61,631	248,598	310,229
Other trading activities			31,582		31,582
Total			93,213	248,598	341,811
EXPENDITURE ON
Raising funds			5,698	8,214	13,912
Charitable activities
General			144,698	283,519	428,217
Total			150,396	291,733	442,129
NET INCOME/(EXPENDITURE)			(57, 183)	(43,135)	(100,318)
RECONCILIATION OF FUNDS
Total funds brought fonvard			322,073	3,523,697	3,845,770
TOTAL FUNDS CARRIED FORWARD			264,890	3,480,562	3,745,452

TANGIBLE FIXEDASSETS
		Freehold		Short	Plant and
		property 8	leasehold 6		machinery	Totals f
COST ORVALUATION
At 1 April 2022		3,255,427		10,000	59,648	3,325,075
Additions					46,710	46,710
Disposals				(10,000)	(35,194)	(45,194)
Revaluations		(2,283,427)				(2,283,427)
At 31 March 2023		972,000			71,164	1,043,164
DEPRECIATION
At 1 Apdil 2022		67,516		1,900	54,802	124,220
Charge for year		19,300			14,101	33,401
Eliminated on disposal				(1,900)	(35,194)	(37,094)
Revaluation adlustments		(67,518)				(67,518)
At 31 March 2023		19,300			33,709	53,009
NET BOOK VALUE
At 31 March 2023		952,700			37,455	990,155
At 31 March 2022		3,187,909		8,100	4,846	3,200,855
Cost or valuation at 31 March 2023 is represented		by:
			Freehold		Plant and
				property f	machinery 8	Totals 6
Valuation in 2022			3,255,427		59,648	3,315,075
Valuation in 2023			(2,283,427)		11,516	(2,271,911)
			972,000		71,164	1,043,164
If Freehold Property had not been revalued	rt would	have been	included	at the following	historical	cost:
					31.3.23	31.3.22
					8
Cost				3,255,427
Aggregate depreciation					67,518

Notes to the Financial Statements for the Year Ended 31 arch	Notes to the Financial Statements for the Year Ended 31 arch	Notes to the Financial Statements for the Year Ended 31 arch	Notes to the Financial Statements for the Year Ended 31 arch	-continued 2023
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.23	313.22
Trade debtors					76,097	75,226
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					31.3.23	31.3.22
Trade creditors					6,193
Accrued expenses					4,581	8,956
					10,774	8,958
MOVEMENT IN FUNDS
					Net
					movement	At
				At1 422	in funds	31.3.23
					5
Unrestricted funds
General fund				264,889	(15,770)	249,119
Restricted funds
The National Lottery Community			Fund		95,299	95,299
Wellbeing Centre				3,409,167	(2,243,308)	1,165,859
BBCChildren in Need				48,300	(23,900)	24,400
Awards for All				10,000	(10,000)
The Clothworkers'	Foundation			8,096	(8,096)
MTCBC Capital food poverty					1,250	1,250
Ffos Y Fran Grant				5,000	(5,000)
The Julia & Hans	Rauang	Trust			10,519	10,519
				3,480,563	(2,183,236)	1,297,327
TOTAL FUNDS				3,745,452	(2,199,006)	1,546,446

Net movement in funds,	included	included	included	in the above are as follows:	in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources f	expended 6	losses 6	in funds
Unrestricted funds
General fund					150,307	(166,077)		(15,770)
Restricted funds
The Natonal Lottery Community				Fund	99,875	(4,576)		95,299
Wellbeng Centre					1	(27,400)	(2,215,909)	(2,243,308)
Tesco Community Grant					1,500	(1,500)
BBCChildren in Need						(23,900)		(23,900)
MTCBC Youth Services					78,994	(78,994)
VAMT (Dementia)					17,829	(17,829)
Awards for All						(10,000)		(10,000)
Moondance Foundation					12,750	(12,750)
The Clothworkers' Foundation						(8,096)		(8,096)
MTCBC Play Provision					807	(807)
Postcode Community Trust					25,000	(25,000)
MTCBC Capital food poverty					24,625	(23,375)		1,250
Ffos YFran Grant					23,200	(28,200)		(5,000)
Aldi					1,000	(1,000)
Feeding Bntain					3,500	(3,500)
Future Valleys Construction			Merthyr		900	(900)
Gwendoline &Margaret	Davies Chanty				9,800	(9,800)
MTCBC Equality & Diversity			Project		1,800	(1,800)
Monmouthshire Building	Sooety
Charitable Foundation					1,820	(1,820)
National Grid —Community			Matter	Funds	10,000	(10,000)
Sainsburys —Helping Everyone Eat					500	(500)
The Julia & Hans Reusing		Trust			11,590	(1,071)		10,519
Welsh Government- Household				Support
Grant					3,903	(3,903)
					329,394	(296,721)	(2,215,909)	(2,183,236)
TOTALFUNDS					479,701	(462,798)	(2,215,909)	(2,199,006)

Comparatives for	movement in funds
			Net
			movement	At
		At 1.421 f	in funds f	31.3.22 f
Unrestricted funds
General fund		322,073	(57,184)	264,889
Restricted funds
Wellbeing Centre		3,375,501	33,666	3,409,167
BBCChildren in Need		67,035	(18,735)	48,300
Awards for All		8,214	1,786	10,000
Merthyr Youth Service		1,222	(1,222)
WCVA Recovery		43,629	(43,629)
Climate Action Boost		20,000	(20,000)
The Clothworkers'	Foundation	8,096		8,096
Ffos Y Fran Grant			5,000	5,000
		3,523,697	(43,134)	3,480,563
TOTAL FUNDS		3,845,770	(100,318)	3,745,452

Comparative net move	ment in fun	ds, included in the abo	ve are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			8	6	F
Unrestricted funds
General fund			92,713	(149,897)	(57,184)
T K Maxx —Community	Fund Foundafion		500	(500)
			93,213	(150,397)	(57,184)
Restricted funds
Merthyr Valleys Homes			10,000	(10,000)
Wellbemg Centre				33,666	33,666
BBCChildren in Need			1,000	(19,735)	(18,735)
MTCBC Youth Services			75,000	(75,000)
VAMT (Dementia)			15,220	(15,220)
Crime Commissioner's	Victims Fund		2,206	(2,206)
Awards for All			10,000	(8,214)	1,786
Merthyr Youth Service Moondance Foundation			8,400	(1,222) (8,'400)	(1,222)
RDP			21,735	(21,735)
WCVA Recovery			(1)	(43,628)	(43,629)
Climate Action Boost				(20,000)	(20,000)
MTCBC Youth
			4,500	(4,500)
Merthy Tydfil Housing	Assoaation	- Fit and
Fed Grant			375	(375)
MTCBC Play Provision			5,000	(5,000)
Postcode Community	Trust		19,674	(19,674)
Merthyr Valleys Home	ITSupport		7,680	(7,680)
Welsh Government Food and Poverty
grant			16,442	(16,442)
SETS Capital Grant MTCBC			21,422	(21,422)
MTCBC Capital food poverty			9,475	(9,475)
Western Power Distribution			10,000	(10,000)
Ffos Y Fran Grant			5,500	(500)	5,000
Youth Cymru			2,000	(2,000)
MTCBC Match Winter	Pressures		2,970	(2,970)
			248,598	(291,732)	(43,134)
TOTAL FUNDS			341,811	(442,129)	(100,318)

		for the Year Ended 31	March 2023
			31323	31.3.22
			E	8
INCOME AND ENDOWMENTS
Donations and legacies
Donations			20,000	130
Grants			388,143	310,099
			408,143	310,229
Other trading activities
Other income			71,558	31,582
Total incoming resources			479,701	341,811
EXPENDITURE
Other trading activities
Consumables				13,912
Charitable activities
Wages			219,176	197,365
Social secunty			18,822	14,780
Preschool Wages			66,819	66,835
Preschool Wages	(Recharged)		(66,819)	(66,835)
Equipment hire			962	12,287
Rent, rates and water			754	290
Insurance			7,528	6,882
Ught and heat			5,167	1,790
Telephone			2,640	2,197
Postage and stationery			4,841	6,892
Sundries				2,243
Travel and subsistence			7,967	6,226
Computer ITcosts			11,714	5,927
Activities			58,189	47,809
Repairs and maintenance			49,349	7,127
Management fees				11,377
Pensions			23,277	17,506
Consumables			6,300
Freehold property	Depreciation		19,300	64,969
Leasehold depreciation				200
Plant 8 machinery	depreciation		14,101	4,680
Loss on sale of intangible		fixed assets	8,100
			458,187	410,547
Support costs
Finance
Bank charges			30	30
Governance costs
Auditors' remuneration				8,958
Accountancy fees			4,581	882
Carried forward			4,581	9,840

		Detailed Statement of Financial Activities
		for the Year Ended 31March 2023
			31323f	31.322
Governance	costs
Brought forward			4,681	9,640
Legal fees				7,800
				17,640
Total resources	expended		462,798	442,129
Net incomel(expenditure)			16,903	(100,318)