REGISTERED COMPANY NUMBER: 04681301 (England and Wales) REGISTERED CHARITh NUMBER: 1110453 rt of the Trustees and Unaudlted Finan¢ial Statem8nts for the Year Ended 31 March 2024 for GELLIDEG FOUNDATION COMMUNITY ASSOCIATION James de Frias Chartered Accountants Llanover House Llanover Road Pontypridd Rhondda Cynon Taff CF37 4DY
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Contents of the Financial Slalements for the Year Ended 31 March 2024 Page Report of tho Trust•?$ 1 to 10 Independont Examlner's Report 11 Slaloment of Flnancial Activitios 12 Statement of Flnancial Position 13 ststement of Cash Flows 14 Notes to the Statement of Cash Flows 15 Notes to the Finan¢ial Stalements 16 to 25 Detailéd Statoment of Flnancial Activities 26
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Re ort of the Trusteos for the Year Ended 31 March 2024 ChalThvoman's Report for the Year Ended 31 March 2024 l am very provd to announce that The Gellid8g Foundation Group won 'Youth Provision of the yeaff in the M8rthyr Tydfil County Borough Council Academy of Success 2021-2022 & 2022-2023. Winning this award is an amazing honour and recognises the commitment and hard work of the staff and young people. Well done everyone I This year we have continued lo expand our seNices whilst deepening the quality and impact of our worf(. It is with some relief thal after so many hectic years of delivery, Ihrough the pandemic and moving into the now Centre, we are able lo lake stock and consolidate. We are grateful lo the Postcode Community Trust and Merthyr Valleys Homes for unrestricted funding which enables us to be responsive to community need and deliver the support and services people quest. Et wa$ also a great pleasure to host The National Lottery Community Fund's UK and Wales committees, as well as their Senior Management Team and Young People's Panel to showcase our work as a grant holder. Without our funders we would not be able to operate, and we do not take them for granted. Thank you to all our supporters, who enable us to focus on these community priorities: - Providing support through the cost-of-living crisis Delivering wellbeing activilies that promote physical and mental health Being a hub for community aclivity Inspiring and supporting young people Supporting early years development We continue to expand our partnerships with other organisations to deliver holistic support to the community- Thls year we have started new relationships with the Repair café, Adult Learning Waleg, d8livering Art classes and British Sign Language courses, and with the Brecon Beacons National Park Authority. We also partned with Valleys Kids, New Horizons. Forget Me Not Chorus and the Memory Clinic at Kier Hardie Health Park to deliver a new programme of support for people with dementia and their carers. It was the end of an era as we waved a fond farewell to Toddlers at Coed-y-DdeThven whose staff now work for Little Inspirations to deliver the Flying Start nursery provision. We look forward to a long and successful partnership with them. All these changes and developmenls can now be seen in greater detail on our bilingual website which we launched ealeT in the year on www. ellide .net. With best wishes to all, Maria Owen, Chair of Trustees Page 1
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Re ort of the Trustees for the Y•ar Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Objectives and A¢tlvlties The Gellideg Foundation Group {GFG) is a community organisation based on a social housing estate in Merthyr Tydfil, deeply rooted in the community and responsive to local need. This area ranks amongst the lowest 10 % in Wales. Our community development is grounded in the lived experience. and we have strong lies to the most disenfranchised in the community. We WOTk in partnership with agencies across all sectors. Our ambition is to make a lasting change to local people's lives and break the cycle of intergenerational ill health and poor wellbeing. Our aim is to empower residents living on the estate and across Merthyr Tydfil to be able to achieve their potential. Our role is to provide opportunities and services that make people feel better and we do this by Gonnecting people together, and helping them to be more active, learn new things, be creative and give through volunteering. We are open to everyone living in Merlhyr Tydfil, with a focus on engaging people who are on very low incomes, vtho are in poor health, and people who are older or younger. We do this by advertising widely and by word of mouth and by actively seeking to remove the barriers lo participation- by providing a pickup seNice, charging minimally, being welcoming and encouraging. and promoting a culture that celebrates diversity and difference whilst sustaining community cohesion. Summary of the charitys activities and achlevoments in relation to the objects 1. PTovlding SllPPOrt through the costaof-llvlng cri$ls We received funding from The National Lottery Community Fund to support vulnerable and low-income households through the crisis. This major grant has enabled us to deliver wrap around support lo families., enabling access to subsidized food, emergency food. SIM cards, fuel vouchers, referrals for grants and support and access to Warm spaces. W8 were also able to use our minibus to collect vulnerable and isolaled people from across the borough and bring them lo the Centre. We expanded the membership of the community pantry. We provided emergency food and weekly food to 170 households a week, 48 weeks of the year. We opened the Centre throughoul the week as a warm space. We linked the wam space with access to infomiation on grants and financial assistsnce providing wrap around support. We delivered community activities to combat loneliness and lo engender wellbeing particularly among isolated and low-income residents, and people in poor health. We appointed a minibus driver to pick up residents with no access to transport from across the borough so that they are able to access the Centre and participate in activities. We put dignity and respect at the heart of at we do. The warm space and pantry are for people who are struggling, but everyone who comes here feels at ease and welcomed. We have received feedback such as 'This is the first time someone has treated me like an equal" and "You listen, that means so much". We are responsive to local need. Community members told us they did not want to just Come to the centre to be wami, they wanted to interact with others. and feel good. The Community Bingo session has developed out of warm space every week over 35 people play bingo together - led by a volunteer caller. Music bingo developed out of warm space too. with the idea of playing music and making a game of it. These two groups have become estsblished activities in the centre, led by volunteers. With funding from the National Lottery Community Fund, Feeding Britain, The Julia and Hans Rausing Tnjst - Food bank Fund, Principality Building Society's Future Generations, Fund, Merthyr Tydfil Country Borough Council's Food Poverty Grant and Voluntary Action Merlhyr Tydfil's Food Partnership Grant we were able to.. 1. Provlde a pantry bag (worth £ 35) to 128 households a week {representin9 384 people), 48 weeks of the years over 18 months. Each month the number of individual households receiving support from the pantry was 170 households. 2. Provid8 non-members bags of groceries and toiletries, cleaning products. period producls and fruit and veg to 35 households each month 3. Provide emergency bags to people as requested by partner agencies - social services and CAB. Approximately 100 bags were provided Page 2
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Re rt of the Truslees for the Year Ended 31 March 2024 4. Give utility tokens, and Sim cards, apply successfully for holiday breaks. refer to CAB services, apply for grants, apply for Healthy start vouchers, provide coal from Feeding Britain - to over 457 people. S. Hold a wam space in the Centre throughout the project, accessed by over 400 people. 6. Pick up 55 highly vulnerable residents weekly to attend activities. 7. Take 190 community members to shows in partnership wilh Ihe Millennium Centre Cardiff. Food Pantry We wn a food pantry twice a week. Tuesdays and Fridays, providing free fruit and vegetables, period producls and bread. For £ 3.50 pantry members can also choose four hearts and six diamonds from the selection of groceries, toiletries and fridge items. Anyone living in Merthyr Tydfil can be a member of the pantry, we have over 170 members and a waiting list. We receive food from Fare share and Wart)urtons, Lidl and Far8 Share Go and products from In Kind. We are also a member of the Hygiene Bank. The pantry is a vital support for families and individuals on low incomB5. Th• Food Pantry Case Study B lives in privately rented accommodalion, which was affordable for her until the breakdown of her relationship. Now she is a lone parent and finding it difficult to pay the rent, utilities and food while bringing up her daughter. Her partner is not contributing financially, and she found herself in financial hardship virtually overnight. She had very little experience of managing household bills and no knowledge of any support serviceslagency who could help or advise her on how to better manage her finances. B comes weekly to pantry to support herself and her child. Having access to free bread, pastry items and fruit and veg alongside good quality food items and toiletries provides her with food security. She said that since joining the pantry her mental health has improved due to lessening strain on her financial resoltrces. She says Ihal the toilety items and cleaning products have been a g8t help. Being able to have quality items at affordable prices has been amazing, for example she would usually buy the cheapest washing power she could find, but these cheaper versions aggravate her daughterfs eczema. B also looks forward lo sitting and have a coffee other pantry members, where Ihey talk openly in a safe space about their struggles. By talking lo others in a similar situation, B has said that she has gained lips and tricks on how to save money on her energy bills alongside her food shopping. She saves between £18 to £25 per week dependant on what items are available in the pantry. The pantry is a slop gap until B's daughter goes to school and she can increase her hours at work. She says for the moment, the Pantry is a lifeline. The Mlnlbus This year we started our minibus pickup service for isolated members of the community in Merthyr Tydfil., is a fabulous success. Residents who have no vehicle and are unable to access public transport are picked up from their homes across the borough to take part in community activities. Three times 8 week we collect residents and bring them to activities at the Cenlre, for many this is the only time they see anyone all week. We also take isolated and low income residents on trips. especially lo the Millennium Centre in Cardiff, because each month this partner organization provides free tickets for community members for shows. Deliverlng w¢llbolng activlties that promote physlcal and mental health Poor health is one of the key factors undermining the wellbeing of our community. With support from the Community Foundation Wales Cost of Living Fund, MTCBC Multiply, MTCBC Play Schemes, Fit and Fed and the Regional Integrated Fund for Dementia. we delivered services that aimed to improve wellbeing as a Means of tackling ill health and deprivation. We aim to: - Overcome lon81in8ss and isolation - Increase levels of physical activity - Create healthy ealing habits lo increase health life expectancy. Food and nutrition: We were able to provide healthy meals to the community during the summer holidays, October and February half terns. Staff and volunteers cooked 20 community meals for 491 children and their parents to prevent holiday hunger as part of the holiday play programmes. Page 3
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION ort of the Trustees for the Year Ended 31 March 2024 This year we partnered with Pipyn to deliver after school family cooking sessions to parents and their primary school children. They delivered 5-week cooking courses to parents, carers, and children. across th8 year. to approx. 120 participants. The youth team include food and cooking into their evening youth project. Between 20 and 30 young people attend youth each evening. The team have found that as important as teaching cooking skills is exposing young people to different food options, growing their palates, and helping them to overcome the fear of unknown flavours and dishes. Keeping Actlve: During the week we rvn a series of artivilies for different levels and abilities at varying times of the day and evening. We are responsive to requests and need. Irialling and dropping some activities and keeping others which are very popular. Ballroom dancing did not have much take up, walking group is seasonal. Tea dance- a weekly two-hour dance for older people, with an average attendance of 30. A very popular activity, led by volunteer tutor. Booty shakers - a t[ce weekly anaerobic exercise class led by a volunteer. Addictive and very popular. a weekly group that walks together from the centre along the Taff trail for exercise and Walking group companionship. Gardening group a weekly group that helps maintain the landscaping around the Centre. Weather dependent, this is working as a drop-in activity. The youth environmental group also weeds and maintains the planting and carries out weekly litter picks. With support from Keep Wales Tidy. Yoga - we have stsrted weekly sessions for the over 50s as a gentler form of exercise. Improving menlal health We deliver activities directly and with partners that are Tesponsive lo community requests. AdferTiad provide mental health and substance misuse recovery setvices from the Centre daily. We deliver group activities which overcome loneliness and isolation and we have partnered with Home Start who deliver a weekly crafting group and Adult Learning Wales, who deliver an Art Group, to promote mindfulness and wellbeing. Supporting people wlth dementia and their carers. This year we developed a joint programme of support with Valleys Kids and New Horizons. funded by the Regional Integrated fund for dementia. We provide support to people living wlh dementia and their carers and families., Providing activities for people living with dementia to help overcome isolation. improve mental wellbeing, and bring joy lo their lives. Providing opportunities for carers and family members of people living with dementia to meet each other for peer support. - Responding to requests for carers to be able to meet and share advice. Providlng transport lo people living wilh dementia and their carers who cannol access stimulating, social activities and who are at a greater risk of isolation and further deterioration. Providing joint seNices for carers and people living with dementia so that each can receive support and be in in close proximity when doing so. We delivered 4 hours of community-b8sed dementia activities based on reminiscence, cognitive stimulation and peer support weekly from September, including a dementia choir and an activities group. We also enabled people living with dementia and their carers to p2rticipate fully in community activities such as dance, art and gardening. 20 people attended activities group weekly and 35 people attend choir. We receive referrals from the Memory clinic staff who also attend sessions New Horizons provided seven monthly support sessions for carers covering- anxiety, resilience, stress management, relaxation, emotional wellbeing and grief and loss. Dementia Case study Page 4
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Re ort of the Trustees for the Year Ended 31 March 2024 Terry is 85, been diagnoséd with vascular d8mentia a year ago, but has had it for 10 years. Has a wife, Alice, is hls carer, she is in her eight18s. Terry is a very quiet, dignified gentleman. since his diagnosis he has become quite anxious. He doesn't recognise his wife today but re¢ognises her in the wedding photos. The minibus service was a Godsend for the pair - it enabled them to be able to access the group. The group is led by the participants, it is relaxed and fun. There are a number of facilitators and volunteers who are able to support the carers and people with dementia so that everyone has individual attention when needed. The group doesn't like anything rigid they want to meet. chat, have tea and cakes. 8nd be given options for activities. This could be singing, a quiz. games, cooking or Cavity. The group likes to lead the direction of the session. When everyone is relaxed. the carers can fom a separate group and discuss issues amongst themselves. Tery has become used to the routine of going to the Monday group. He waits for the minibus to come and pick them up. Getting up and ready and dressed on Monday morning is less difficult for Alice because Terry wants to 9et up and go to group. Alice has learned better coping mechanisms- not to contradict him or argue situation afresh. but to step away and return to the Now Terry is coming out of himself more,. he used to just sit and smile. Now he is interacting wth others and telling us more about his life. At the beginning he didn't tslk and didn't join in wth activities. Now he joins in with Ihe quizzes and singing, and is a fully integrated part of the group. 3. Belng a hub for community actlvlty We a a community organisation, rooted in the locality and responsive to local people's requests and needs. We wish to see the Centre full of life and community activity, a place where people feel welcome and al home. Feedback from consultations peatedlY evidence the desire for community events and activities that bring all generations together. In response to this feedback., A) During the school holidays we ran a family holiday programme. for the under 10s, to prevent holiday hunger and offer play and fun activities to young children. This programme is in addition to the youth programme and is supported by Merthyr Tydfil CBC. 491 people took part in a month of activities. Bl In partnership Mth WMC and run a community trip to the theatre every 6 weeks for low-income households who 8re not able to afford cultural activities. C) We ran Afternoon Tea, with 66 attendees and Soup and a Roll with 39 attendees, over 4 months. Multiply funding, enabled us to integrate numerical learning into these activities. DI Running up to Christmas we held wreath making classes. feslive food WOTkshops, discos, parties. a community meal and a hugely popular Santa's grotto, where he entertained 175 ¢hildrenl Supported by the VAMT Loneliness and Isolation prevention grant, we ran a Christrnas trip to Cantref farm for the 65 members of loddlers. E) We celebrated National Play Day with a community play extravaganza, held a community Halloween disco and a pre-school paty and marked Remembrance Day. 4. Insplring and supporting young people to thr5v8. a¢hleve wellbeing, creatg and have adventures We operate a universal. inclusive, open access youth servi¢e which is focussed on listening to the voices of young people livin9 on the housing estates of Gellideg. Trefechan and Tywncamiel. We provide opportunities for young people aged 11-25 that support their social, emotional. cultural physical and educational development. We deliver support to those who need it mosl, operating 48 weeks of the year. with targeted. street based, centre based, and open access youth. 207 young people regularly attended weekly youth this year. We are so proud to have won Youth Provision of the Year 20231 We are.. Youth led - Collaborative Safe High quality Inclusive Page 5
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION ort of the Trustees for the Year Ended 31 March 2024 Thrive Trying new opporlunilies, becoming resllient and independent. learning new skills. gaining qualifications. volunteering, growing aspirations. We have 8 young people who attend our youth forum, wth 5 of them holding key posittons. These young people have also participated in the Merthyr Tydfil Boroughwide Youth forum meetings and have Continued to be actively involved in GFG youth projects. such as the young voices initiative with South Wales police, environmenlal projects in the community and the planning of local community and fundraising events. 2 of our Youth Forum members also attended the youlh consultation on the use of Cyfarthfa Park @ the Rehouse and voiced their opinions on the matter. Youth meetings discuss upcoming projects and delivery such as planning the King's coronation paty for the younger youth. art project ideas, sport and fitness idea. e.g. Yoyththe Cardiff Football Stadium Tour Experience. tripsloulings and $[dentIal$. 11 young people attended the Academy of Success awards and represented the provision, ee4Ving wnner for Provision of the year and best innovative project of the year as well as runner up for Community Project of the year. 15 have completed their Bronze Youth Achievement 6 young people have accessed help wth CV writing and job searches. 1 young person is completing her Level 2 Food Hygiene and has been volunteering within the organisation helping support the aftemoon tea sessions One young person has secured an office job. 10 young people have carried out volunteering duties which have included volunteeringlmenloring in our 8-10-year-old sessions, supporting staff to plan and deliver sessions, organise cinema nights as well as support weekly afternoon tea sessions - Ihey are working towards their Silver youth achievement awards. We continue lo support 7 young people with leaming difficulties through engagement in weekly activities allowing them the flexibiSity to engage. leam and develop in a safe and slimulating environment. while having the opportunity to discover and develop their own aptitudes Wgllbging Modelling healthy Ilfestyles, improving physical activity and nutritlon, omotional and mOAtal wellbelng We deliver street and center based workshops. discussing issues of concem to young people -mental health, employment, human trafficking, equality and diversity, budgeting, addictions including alcohol and gaming, healthy relationship workshops with SMT, drug awareness workshops with Barod. continued WO with local PCSO'S, body image and healthy lifestyles where we continue to incorporate healthy cookingleating into our delivery. Weekly sports activities are delivered either indoors or outdoors in all three areas. Including foolball, rugby, rounders, Walking group, d8nce sessions, obstacle courses and circuits. Indoor sports include virtual fitness, table tennis, pool, dodgeball and karate, boules, dodgeball. walks and games in the local park. The Fit & Fed programme also enabled us to focus on more sporting aclivilies, while providing nutritional foodlsnacks for those involved. Our sports lending library is slill available to members offering free sports and games equipment to young people aged 8+ 15 young people took part in the Phoenix firefighting projecl a very physical and intense week of working wth real fire service equipment, using specially adapted fire engines, climblng ladders, and tsking part in staged rescue scenarios. all of which require a level of fitness and commitment. Creato Explorlng id•as and ways io •xpros$ yourself through digital. flne and plastlc arts, dance, Music and drama. 3 Trips to Cyfarthfa museum where our young people learnt about the industrial era from the amazing exhibition. Young people were able to explore the paintings with the tutor Chris Pary, historian, and also work on their own art piece. Page 6
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Re ort of the Trustees for the Year Ended 31 March 2024 11 young people gol lo experience the performance of Heath8rs at Cardlff Millenium Centre. An on-stage perfr)rmance which dealt wth issues faced by young people today. Wednesday wellbeing sessions continue lo take place with activities including handmade items such as cushions, tote bags, scented stress bags. soap and candles. We also encourage work with various materials such as beads, resin, wood and recycled materials such as cardboard and plastics, e.g. the ceramic sessions with Erica Ceramics. a local tutor who has worked with our young people to make professional looking ceramic pieces and ¢lock, making. We also held Graffiti workshops with a grafitti artist.The aim of the sessions is lo provide 8 safe place to discuss issues around youth mental health and wellbeing and offers the opportunity to make something hands on while they are there. Adventures 20 young people to Dotygear paddleboarding and raft building as well as gorge walking. A SidentIal to Lundy Island enabled participants to spend 4 days walking and exploring the amazing island. This was a very intense outdoor expeTience where young people had to overcome personal challenges and increase their ndividual fitness. 10 young people took part in a day visit at BBC Studio's in Cardiff, visiting one of the largesl BBC newsrooms they got to experience Ihe daily life of news broadcasting and learnt about the cutting-edge lechnology including augmented reality, virtual reality and robotic cameras, TV galleries and other broadcast facilities. This was a unique opportunity for them lo see this as a job option in the future. Fit & Fed day at Aberavon beach where Ihey swam in the ocean, played beach games, took part in surfing and also swam in the local pool. mhS & Legends creative writing at Cardiff Museum. A new creative project enabling our young people to leam about and explore local and national myth5 and legend. Our young people were involved in writing storie5 and given the opportunity to get as creative as possible working towards recording a podcast that will help others lo become enthused by our history - bringing the past more closely into the now. It was a fun experience full of creating and capturing the stories of Wales with young people. 5. Supporting early years development We are committed to supporting expectant mothers, parents and carers on their joumey from pregnancy, birth, new born, child development to school ready, parenting and mentoring others. We run three play groups and one music and movement session weekly as well as supporting parents to attend parenting dasses. We engage and support mothers and families into activllies, advocate for wellbeing and accompany the family on a journey of change. We host Henry under 5s nutrition course, midwife drop.in, parenting courses and baby massage. All of these groups are well attended. We are aware that many families have not been able to go on a holiday together. We are a referral agency for the Holiday Charity and Ihis year three families from pre-school went on a ¢aravan holiday to the sea side with their children for the first time. Little Inspirations Pre4chool: From September 2023, Little Inspirations started delivering Flying Start provision from the nursery at the Wellbeing Cenlre. The group is independ8nl from the GFG, and rents the nursery space, however we are developing a close working relationship. Partlcipation. engagement and inclusion. In the last 12 months, 980 people have benefitted from our activities. An average of 550 people come to the Centre each week to attend groups, visit the panlry and ask for infomation or support. Including the youth team, we support over 750 people a week, people who are low incomes and or in poor health. Volunteer5ng Page 7
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Re ort of the Trustees for the Year Ended 31 March 2024 We would not be ablè to deliver Ihe servlces we do without the help of our amazing volunteers. Volunteers comes to us through referral or personal request - they are vital to the running of the organisation and they influence the culbjre of the group. They provide feedback and suggestions on how to run the pantry. how to engage people, and new ideas. The majority of our volunteers hav8 complex lives, including chronic physical and mental health conditions. a history of abuse, or recent discharge from hospilal or secure units. Their in-put is first hand and grounding. We have a volunteer driver who helps run the minibus pick ups, a Polish volunteer provides Food hygiene advice and support. another volunteer bakes cakes for the Afternoon Tea, many volunteers run the pantry. Our volunteer base is expanding., currently we have 20 regular volunteers. What we have leamed Community members have complicated lives and all ages have experienced trauma. 111 health manifests in the mid-fifties when many people start to develop chronic health conditions. An holistic approach lo community support continues lo be highly effective. Community members feedback that Ihey feel more Comfortable engaging with specialist support in a community setting. We partner with a large number of agencies acros5 all sectors to help make the connection beeen services and the people who most need Ihem. The Warm space, pantry and financial support clinics have proved an exceptionally effective means of responding to people's needs and supporting them to make further connections with others. These interventions are also very empowering community members are closely involved in delivering and running warm space activities and these will continue into the future. Activities with children and young people bring grandparents and parents together and create intergenerational events. Providing food brings people together and Creates a welcoming atmosphere. Art and Crafts activities appeal to all age groups and genders. Music is a unifier. People are more resilient when they have friends and community to share their concerns. We could not deliver our services without volunteers but volunteers require a lot of support. Fundraising a¢tivitles All our fundraising is done in house by the Ccpdirector. The Centre generates unrestricted income for the charity as we renl the space lo new partners. This year we continue to invest in the building. for example. repairing access control. improving the Fire doors, installing signage and a new disabled parking bay, painting the building and increasing storage. FINANCIAL REVIEW Reserves policy We are working towards holding 12 months expenditu in reserve, which we anticipate to amount to £496.577 based on 2024 expendlture figures. At present, the charity has £205,026 (2023.. £249,119) of unrestricted funds, however, as £23,851 is tied up in Fixed assets held, there remains £181.175 of unrestricted net assets. this is therefo not adequate to meet the current reserves policy of £496,577. Staffing levels - We employed 10 members of staff to the end of March 2024 {10 members of staff as at the 31st March 2023). FUTURE PLANS Our aim for next year is to consult widely wlh all stakeholders to reassess our direction and strategy. We will listen to communily members to detemiine the key priorities for support, and where and how we can make the greatest impact. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The chaiity is controlled by its goveming document, a deed of trust, and constitutes a limited Company, limited by guarantee, as defined by the Companies Act 2006. Page 8
GELLIDEG FOUNDATION COMMUNrrY ASSOCIATION Re ort of the Trustee$ for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustses Full membership of Ihe Gellideg Foundation Group is open to anyone over 18 who lives wthin tha ar&a of benefit - the Gellideg estate, Merthyr Tydfil. Anyone who is a full member of the Gellideg Foundation Group may put themselves forward tr) be a trustee. Once in every calendar year a General Meeting is held - it is well publicised within Gellideg thin a minimum of 21 days notice of the event. Full members of the GFG, present at the meeting, elect the organisations, honorary officers by way of a secret ballot. Information is provided to those interested in taking up office as twstee setting out the scope, responsibilities and duties of the post. N8mes of any person or body entitled to appoint a truslee Full members of the GFG elect the Foundation's Officers - the Chair, Secretary and Treasurer as well as General Trustees by a process of first past the post elections. Induction and training of new trustees Each Iwstee is guided through an induction pro9ramme that familiarises the trustee with the GFG policies. values and processes. The induction includes an overview of the organisation's aims and objectives, policies, values and ways of working. conslilulion, staff organogram and volunteer structure. financial processes, budgets and accounting procedures. programmes and projects, funding arrangemenls, key stakeholders. partners and boards we belong to, monitoring and evaluation systems, forecast of key events. The induction includes on the job training. one lo ones and the reading of relevant documents. Organlsational structure The GFG'S Management Committee consisls of its trustees. The management committee meets a minimum of once every slx weeks to hear the report of the C¢>Direclors. The Finance Manger presents the accounts to the Committee Vice a year. The Management Committee is the GFG'S strategi¢ decision-making body and governing board. It oversees th8 slrategic direction of the organisation and is responsible for ensuring its opeiations adhere to the GFG'S constitution. aims and objectives and charitable law. Lloyds Foundation a assisting the GFG with recruiting new Trustees. As a requirement of funding, GFG has been audited by Several funders and consistently been found lo operate sound financial praclice. Wider network We are an estsblished charity, embedded both in local partnerships and wth close working relationship th national partners. We benefit from community knowledge and being infomed by the advice of specialist partner5. Having operated for 25 years we also have a wealth of lived experience to draw on. We have expertise in partnership working, collaboration, sharing resources and information. We are a member of a number of Ioc81 forums, including the Merthyr Tydfil County Borough Council (MTCBC) food security group. the Health and Wellbeing group and the Children and Young People partnership. Voluntary Action Merthyr Tydfil {VAMTI and MTCBC continue to be strong and practical partners across many departments of their organisations. Partners have assisled us in finding volunteers, IVAMT and The British Red Crossl, accessing funds, Imerthyr Valleys Homes) and in sourcing subsidized or free surplus food (Fare Share Cymru. Fare Share Go, In Kind direct, His Church and Feeding Britain). During this period we have been supported by Lloyds Foundation and their Enhance programme. The Enhance programme has given us access to HR advice from Roots, marketing and website advice and training from Promo Cymru and IT and propety advice from the Ethical Property Foundation. Partners who have already started delivering from the centre include Communities 4 Work. holding job clubs and training sessions in the centre lce weekly, Adferiad; providing mentsl health support every week. CAB,. holding drop-in advice clinic weekly. We are developing a strong link with CMn Taff Morgannwg University Health Board,. we have already held a number of consultation sessions with senior strategists and are developing proposals for innovative work together. We ¢ontinu8 to have strong links wth Small Woods and Groundwork who provide support, resources and guidance on environmental volunteering. Page 9
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Re ort of the TNstees lor the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04681301 (England and Wales) Registered Charity nurnber 1110453 Reglstered office Canol-Y-Bryn Thè Wellbeing Centre Heol Tai Mawr Merthyr Tydfil CF48 1ND Trustees Miss A Howe Law Student Mrs S Northall Civil Servant Mrs M J Owen Director Independent Examiner DaThen Bowden FCA James de Frias Chartered Accountsnts Llanover House Llanover Road Pontypridd Rhondda Cynon Taff CF37 4DY Bankers Lloyds Bank PIC Merthyr Branch 69 High Street MERTHYR TYDFIL CF47 8UH Solicitors Geldards Dumfries House Dumfries Place Cardiff CF10 3ZF Key and s¢nlor staff Colette Watkins and Helen Buhaenko - Managers of the Gellideg Foundation Group. Amanda Jenkins- Finance Manager Michelle Roberts - Youth Programme Manager Approved by order of the board ol tNstees on ...... and signed on its behalf by.. Mrs S Northall - Trustee Pag6 10
Indg endent Examinerfs Re ort to the Trustees of Gellide FoundatSon Communi Association Independenl examlnevs report to the Irustees of Gellideg FoundatTon Community A$$o¢iation {'the Companrf) I report to Ihe charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As Ihe charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the a¢wunts in accordance with the requlrements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself Ihal the accounts of the Company ar8 not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under Sedion 145 of the Charities Act 2011 (Ihe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of Ihe 2011 Act. Indgpèndent examinerfs statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can ¢onfirni that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountsnts in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come lo my attention in connection with the examination giving me cause to believe: accounting records were nol kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records-, or Ihe accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that th8 accounts give a true and fair viéw which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and prtnciples of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Darren Bowden FCA The Institute of Chartered Accountants in England and Wales James de Frias Chartered Accountants Llanover House Llanover Road Ponlypridd Rhondda Cynon Taff CF37 4DY 24Ylw Page11
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Statement of Flnanclal Activities forthe Year Ended 31 March 2024 31.3.24 Totsl funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 31999 284,544 317,543 4C6,143 Other trading activities 91.217 91,217 71,558 Total 124,216 284,544 408,760 479,701 EXPENDITURE ON Charltable actlvSties General 168,309 328,268 496,57T 4.798 NET INCOMEI(EXPENDITURE) Other recognised gainslllosses) Gainslllosses) on revaluats'on of fixed assets (44,0931 143.7241 (87,817) 16,9)3 (2.215,gJ9) Net movement In funds (44,093) {43,7241 (87.8171 (2.199.() RECONCIUATION OF FUNDS Total funds brought forward 249,119 1,297,327 1,546,446 3,745,452 TOTAL FUNDS CARRIED FORWARD 205,026 1.253,603 1 A58,629 1,546,446 The. notes form part of these financial ststements Page 12
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION staternent of Financial Position 31 Mar¢h 2024 31.3.24 Totsl funds 31.3.23 Total fvnds Unrestricled funds Restricted funds Not8S FIXED ASSETS Tangible a5sels 10 23.851 935.823 959,674 990,155 CURRENT ASSETS Debtors Cash at bank 11 12.775 188.039 46.407 271,373 59,182 459,412 76,097 490,968 200,814 317,780 518.594 567,065 CREDITORS Amounts falling due within one year 12 (19,639) (19,639) (10,774} NET CURRENT ASSETS 181,175 317.780 498,955 556,291 TOTAL ASSETS LESS CURRENT LIABILrriES 205.026 1,253,603 1.458,629 1,546,446 NET ASSETS 205.026 1,253.603 1,458,629 1,546,446 FUNDS Unrestricted funds Restricted funds 13 205,026 1,253,603 249,119 1,297.327 TOTAL FUNDS 1.458,629 1.546,446 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Acl 2006. The twstees acknowledge their responsibilities for {a} ensunng that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at Ihe end of each financial y&ar and of ils surplus or deficit for each financial year in accordance With the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far a$ 2pplicable to the charitable company. (b) These financi81 statements have been prepared in accordance with the provisions applicable to charitsble companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by: on en - Truste6 The notes fomi part of these financial stat8ments Page 13
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Statement of Cash Flows for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from 0ratIng activities Cash generated from operations (31.556) 59,349 Nel cash (used inllFxowded by operating activities (31,556) 59.349 Cash Ilows from Investlng actlvltles Purchase of tangible fixed assets Sale of intsngible fLxed assets Sale of tangible fixed assets (46,710) {8,100) 8,100 Net cash provided byl(used in} investing activities (46,710) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at Ihe beginning of the reporting peried (31,556) 12,639 490,968 478,329 Cash and cash equlvalents at the end of the reporting period 459,412 4.968 The notes form part of these financial statements Page 14
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notes to the Statement of Cash Flows for the Year Ended 31 March 2024 RECONCILIATION OF NET (EXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net (expenditur¢}Ilncome for the r8portlng period (as por tho Statement of Finan¢ial Activitios) Adjustments for: Depreciation charges Loss on disposal of fixed assets Decreasel{increasel in debtors Increase in creditors (87,817) 16,903 30,481 33,401 8,100 {871) 1,816 16,915 8,865 Net cash (used Invprovided by operations (31.556) 59.349 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash al bank 490,968 (31,556) 459,412 490,968 (31,556) 459,412 Total 490,968 {31,5561 459.412 The notes form part of these financial ststements Page 15
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Organlsatlonal status The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance Mth the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement .. of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, 2nd the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. The organisation is an incorporated charity, registered at both Companies House and at the Charity commission. The trustees are set out on page 1 and they form a board of trustees {and directors) which is the executive body of the charity, the aims and objectives and rules for governance are set out in the charities constilulion. Income All income is recognised in Ihe Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income WFII be received and the amount can be measured reliably. Expenditure Liabilitie5 are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in 5etttement and the amount of the obligation can be measured liablY. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly atlribuled to particular headings they have been allocated lo acllvits'es on a basis Consistent with the use of resources. Tanglble assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefvl life. Freehold property Plant and machinery 2¥0 on cost 25fi/o on c051 Assets under construction are not subject to depciali0n, until the asset is completed and then falls under the stsndard Freehold depreciation policy of 2Yo on cost per annum. Taxation The charity is exempt from corporation tax on its Charitable activities. Fund a¢counting Unrestricted funds can be used in accordance with the Charitab objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes thin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular reslricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slalements. Trado dobtors Trade debtors are measured at cost and include grants receivable. Page 16 continued...
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notes to the Financial Ststements- continuod for the Year Ended 31 Mar¢h 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Grants 20,000 388,143 317,543 317,543 408.143 Page 17 continued...
GELLIDEG FOUNOATION COMMUNITY ASSOCIATION Notss to the Flnanclal Statements - continued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES - contlnued Grants reived, induded in the above. are as follows.. 31.3.24 31.3.23 Emergency Wnter Food Bank Fund Community Food FUTh Communities Initiative Funding YoLrth SerV$s Wellbeing Aldi Feeding Britain Future Valleys Construt*on Methyr Merthyr Tydfil CBC Merttyr Valley Homes Merthyr Valley Homes The Moondance Foundation Ffos Y Fran The Access Foundation South Wales Poli Youth Trust Fund Voluntary Action Merthyr Tydfil Postcode Communty Trust BBC Children in Need RDP The National Lottery Communrty Fund 1.000 3.500 9CO 78,994 20,0 1,800 80.574 20,000 10,000 Cost of Living Crisis Fund Large Grants Scheme 12,750 23,2 5.300 6,000 Wellteing for Staff 25.000 2,500 25,CAX) {Mc Donalds} Awards for all Integrating Care Fund for Demenb'a Loneliness and Isolation Feeding Britain Youth Led Grant Fts)d Partnership Grant Fit and Fed Fo)d Poverty Grant F¢Jod Povety Grant (extra Revenue) Fojd Povety Capitsl Fwd Povety Capital (Extra) Communty Focused Schools- Communty provision play festival funding 2IT24 Multiply UK SPF Sn'al Economy Capital Grant Revenué Food Povety Grant SETS Caprtal Grant Youth Wintsr Wellbeing Playfest Summer of Fun Equality and Diversity Proje Cost of Living Crisis Support Schcol Holiday Play Provision 2023 Fd Prosperity Fund Future generation Fund Helping Everyone Eat better Community Grant Fund Voluntary Action Merthyr Tydfil Voluntary Action Merthyr Tydh'l Voluntsry Action Merthyr Tydfil Voluntary Action Merthyr Tydfil Voluntsry Action Merthyr Tydfil Merthyr Tydfil Housing Assoc Merthyr Tydfil County Borough Council 15,OQKI 1,401 1,428 71)D 1,020 11,000 3,397 5.000 3,307 Merthyr Tydfil County Borough Counal Merthyr Tydfil County Borough Council Merthyr Tydfil County Borough Council 5.148 9,730 9,665 Merthyr Tydfil County Borough Council Merthyr Tydfil County Borough Counal Merthyr Tydfil Ctyjnty Borough Counal Merthyr Tydfil cnty Borough Counal Merthyr Tydfil Ccunty Borough Ct)unol Merttyr Tydfil County Borough Counal Merthyr Tydfil County Borough Counal Merthyr Tydfil Ct3unty Borough Counal Merthyr Tydfil County Borough Counal Merthyr Tydfil County Borough Counril 9,754 9,5CM) 1,8 5,818 2,193 Merthyr Tydfil County Borough Coun(?1 Merthyrvalley Homes Principalty Building Soaetys 3.500 10,000 Sainsbury's Tesco Community Grant National Grid Eledricity Distribution The Julia and Hans Rausing Trust Gwendoline & Margaret Davies Charity The National Lottery Communty Fund Monmouthshire Building Soc4ety Charitable Foundation Marks ar¥J sPenr Edward Gosuing Foundation SCO 1,5¢XI 10,000 11,590 9,800 99.875 Community Matters Fund The Foodbank Fund Cost of Liwng support Monmouthshife Building Soaety Charitable Foundation Gi.ng Grarts 1.820 1,000 10,000 Page 18 inued...
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notes to the Financial Statements - ¢ontlnued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES - ¢ontlnued BBC Children in Need Garfield Weston Foundation Lloyds Bank Foundation TKMaxx Valleys Kids Cost of Living Support 500 25,000 2.250 Cost of living uplift 500 26,500 Regional Integrated Fund Regional Integrated Fund {Extra funding) Youth Residential Main Grant Scheme Cost of Living Fund Household Support Grant Community Grants Inspire Grant Valleys Kids Valleys Kids WCVA Volunteering Wales Community Foundation Wales Welsh Govemment Coalfields Reg8neration Trust Youth Cymru 9,220 500 25,000 15,000 3,903 1,742 800 317,543 388.143 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Other income 91.217 71.558 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals General 488,908 7.669 496.577 SUPPORT COSTS Governance costs Finance Totals General 503 7,166 7,669 NET 1NCOMEI(EXPENDuRE) 31.3.24 31.3.23 DepreGiation - owned assets 30,481 33,401 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustses. expenses There were no 31 March 2023. trustees, expenses paid for the year ended 31 March 2024 nor for the year ended Page 19 continued...
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notes to the Financlal Statements - continued for the Year Ended 31 March 2024 STAFF COSTS 31.3.24 31.3.23 Gross Wages Social Security 230,676 20,415 219,176 18,822 251.091 237,998 The average monthly number of 8mploye&s during the year was 1012023.. 15). No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unreslricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 78,749 329,394 408,143 other Irading activities 71,558 71,558 Total 150,307 329,394 479,701 EXPENDITURE ON Charltable activitles General 166,077 296,721 462.798 NET INCOMEI{EXPENDITURE) other recognlsed galnsl{lossesl Gainslllossesl on revaluation of fixed assets 115,770) 32,673 16,903 (2.215,909) (2.215,909) Net movernent in funds 115,770) (2,183,236) {2,199,006) RECONCILIATION OF FUNDS Totsl funds brought forward 264.889 3,480.563 3.745,452 TOTAL FUNDS CARRIED FORWARD 249,119 1,297,327 1,546,446 10. TANGIBLE FIXED ASSETS Freehold property Plant and machinery Totals COST OR VALUATION At 1 April 2023 and 31 March 2024 972.000 71,164 1,043,164 DEPRECIATION At 1 April 2023 Charg8 for year 19,300 19,300 33,709 53,009 30.481 At 31 March 2024 38,600 44,890 83,490 NET BOOK VALUE At 31 March 2024 933.400 26,274 959,674 At 31 March 2023 952.700 37,455 990.155 Pa9e 20 continued...
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notes to the Flnanclal Statements - continued for the Year Ended 31 March 2024 10. TANGIBLE FIXED ASSETS - contlnued Cost or valuation at 31 March 2024 15 represenled by.. Freehold property Plantand machinery Totals Valuation in 2022 Valuation in 2023 3,255,427 11283.4271 59,648 11,516 3.315,075 (1271,911 } 972,000 71,164 1,043,164 If Freehdd Propety had not been revalued it would have been induded at the following historical cost.. 31.3.24 31.3.23 Cost 3,255,427 3,255,427 Aggregate depreciation 67,518 67,518 Freehold ProFety was valued on an open market basis 11 Juty 2023 by *x Surveyors Limited. 11. DEBTORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors 59.182 76,097 12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Accfued expenses 9.899 9,740 6.193 4,581 19,639 10.774 Page 21 continued...
GELLIDEG FOUNDATION COMMUNI ASSOCIATION Notes to the Financlal Statsments - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS Net movement in fiJnds At 1.4.23 31.3.24 Unrestrfcted funds General fund 249,119 (44,093) 205,026 Restrlcted funds The National Lottery Communty Fund Wellbeing Centre BBC Children in Need Community Foundation Wales The MOOndan Foundation Postcode Communty Trust MTCBC Capital fo(yJ poverty The Julia & Hans Rausing Trust South Wales Poli The Access Foundation Valleys Kids WCVA Volunteering Wales Coalfields Regeneration Trust Community Grants Wales MTCBC Multiply VAMT Food Partnership Grant 95,299 1,165,859 24,400 195,299) (19,300) 124,4001 10,476 4,940 25,000 10,472 (10,519) 6,000 5.300 1,146,559 10,476 25,000 11,722 1,250 10,519 5.300 500 25,000 25,000 1,742 7,000 1.742 7,000 9,364 1,297.327 (43.724) 1,253,603 TOTAL FUNDS 1,546,446 (87,817) 1N58,629 Page 22 continued...
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notes lo the Financial Statements - continued for the Year Ended 31 March 2024 13. MOVEMENT IN FUNDS- conllnued Net movement in fund5. indL¥Jed in the ave are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 124.216 (168,309) (44,093) Restricted funds The National Lottery Communty Fund Youth Wellbeing Centre BBC Children in Need Community Foundation Wales The Moondance Foundation MTCBC Youth (95,299) 1800) (19,300) (24,400) {4,524) (1,061) {95,299) 8(Kl 119,300) 124,400} 10.476 15,01)0 6,001 84074 (84,074) Merthyr Tydfil Housing Association- Fit and Fed Grarrt Postcode Communty Trust MTCBC Capital focxl povety Feeding Britain MTCBC Equality & Diversity Project The Julia & Hans Rausing Trust MTCBC Community Focused Schcols Prinapalty Building Soaety South Wales Police The Access FoundatK•n Valleys Krds WCVA Volunteering Wales Coalfields Regeneration Trust Canmunity Grants Wales MTCBC Multiply VAMT Food Partnership Grant VAMT Loneliness and Isolats'on VAMT Youth Led Grant 3,397 25,000 39,297 1,800 2.193 (3,397) 24000 10,472 (28,825) (1,800) (2,193} (10,5191 11,500) 110,000} 110.5191 1.500 10,(M)O 6,000 5,300 36,220 25.000 6,000 5,300 135,7201 25.C 1,742 8,500 11,000 700 1,020 1,742 11.5001 (1,6361 (7001 {1.020) 284,544 (328,268) (43,724) TOTAL FUNDS 408,760 (496,577) 187,817) Page 23 continued...
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notes to the Flnanclal Slatements- continued for the Year Ended 31 March 2024 13. MOVEMENT IN FUNDS - continued . Comparatlves for movement In fund8 Net movement in fijnds At 31.3.23 At 1.4.22 Unrestrlcted fu18 General fund 264.889 115.7701 249.119 Restricted furKIs The National Lottery Communty Fund Wellbeing Centre BBC Children in Need Awards for All The Clothworkers, Foundation MTCBC Capital fooJ poverty Ffos Y Fran Grant The Julia & Hans Rausing Trust 95,299 {2,243,3081 123,9001 110,0001 18,0961 1,250 15,IXJOI 10,519 95. 1,165.859 24,40J 3.409,167 10,CKKI 1,250 10,519 3.480.563 (2.183.236) 1.297.327 TOTAL FUNDS 3,745,452 {2,199,CQ6) 1.546,446 Page 24 ccnb'nued...
GELLIDEG FOUNDATION COMMUNITY ASSOCIATION Notss to the Financlal Statements- contlnued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- conllnued Comparative net movement in nds. induded in the atove a as follows.. Inct)ming resources Resour expended Gains and losses Movemert in funds Unrestricted funds General fund 150,307 {188,077} (15,770) Restrictsd funds The National Lottery Community Fund Wellbeing Centre Tew Communty Grant BBC Children in Need MTCBC Youth Services VAMT (Demenlial Awards for All The Mts)ndan Foundation The Clothworkers, Foundation MTCBC Play Provision Postcode Communrty Trust MTCBC Capital food povety Ffos Y Fran Granl Aldi Feeding Britsin FLrture Valleys Construction Merthyr Gwendoline & Margaret Davies Charity MTCBC Equality & Diversity Project Monmouthshire Building Soaety Charitable Foundation National Grid - Community Matter Funds Sainsburys- Helping Everyone Eat The Julia & Hans Rausing Trust Welsh Govemment- Household SuFfJOrt Grant 99.875 14.576} 95,2 (27,400} (2,215.9091 {2,243,308} {1,500} (23,900} {78,Wl {17,8291 (10,0) {12,7501 {8,0961 18071 {25,OIXIi (23,3751 (28,2C(11 {1,CiJOI {3,5001 I0) (9.8001 {1.8001 (23.900) 78,994 17.829 (10,1XIO) 12,750 (8,0981 807 25,C((J 24.625 23,2CIJ 1,250 (s,cl 3,5CO 9iJo 9,8C(J 1,8C(J 1,820 10,OLKI SCO 11,5) {1,8201 110,0001 15001 (1.0711 10,S19 3,903 13,gJ3) 329,394 (296,721) 12,215,9)9) {2,183,236) TOTAL FUNDS 479.701 (462,798} 12,215,9J9) (2,199,(xJ6} 14. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. Page 25
GELLIDEG FOUNDATION COMMUNI ASSOCIATION Detailed Statement of Flnanclal Activitles for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donallons and legacles Donations Grants 20,CCO 388,143 317.543 317,543 408.143 Other tradlng actlvftles Other inc(#me 91.217 71,558 Total Incornlng resources 408,760 479.701 EXPENDITURE Charitable actlvitks Wages Sooal securty Preschool Wages Preschool Wages (Recharged) Equipment hire Rent, rates and water Insuran Light and heat Telephone Postage and stationery Travel and subsisten Computer IT costs Activrties Repairs and maintenance Pensions Consumables Freehold propety Depreciaticn Plant & machinery depreaation Loss on sale of intsngible fixed assets 230,677 20.415 32.586 132,586) 4,919 3.861 11,892 8.139 2.057 521 3,270 5,671 81,039 54273 22,944 8,749 19,300 11,181 219,176 18,822 66,819 {,819) 754 7,528 5.167 2,640 4,841 11.714 58,189 49,349 23,277 19,300 14,101 8,1C(J 458,187 Support costs Finance Bank Gharges 503 Governance costs Accountancy fees Legal fees 4,740 2A26 4,581 7,166 4.581 Total resources expended 496,5Tr 462,798 Net {expendltureylncome (87,8171 16,903 This page dS not form part ofthe statutory financial statements Page 26