Charity rngistration number 1126105
Company registration number 05505791 (England and Wales)
YNYSYBWL REGENERATION PARTNERSHIP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

YNYSYBWL REGENERATION PARTNERSHIP
CONTENTS
Page
Chairman's statement
Trustees. report
Independent examinefs report
10
Statement of financial activities
11
Balance sheet
12-13
Notes to the financial stalements
14-27

YNYSYBWL REGENERATION PARTNERSHIP
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 JULY 2024
Ynysybwl Regeneration Partnership IYRP} is a small community organisation covering the ward of Ynysybwl and
Coed-y-cwm. It is a registered Charity and a not-for-profit company. We make annual retums lo Companies House.
No DirectorlTrustee, nor the Cotnpany Secretary, nor the Treasurer receive any financial reward. All activities of the
directors and Offi￿r$ is voluntary.
YRP directorsftruslees receive regular reports on all aspects of the organisalions. work as well as maintaining
proper oversight of all our legal and financial responsibilities. Ensuring strong governance is fundamental in the
delivery of all our projects.
The focus for year seven of Create Your Space has been the continued development of each of the work streams
associated with The Vision for the Valley.. Community involvement; Butchers Pool- Visitor Centre,. Trails and Paths..
Hub- Services for young people., Health and wellbeing activities and the development of digital and online presence,
as well as ensuring setvices for young people and heallh and wellbeing aGtivitie5 continue to be avalable to the
community. This engagement ensures close ts'es to our comrnunity. Year Seven also sees the development of the
final part of the capital Vision - the Hub. This entailed working with an architect and undertaking a Tender process to
appoint a contractor, building began in May 2024 and we will be open in Spring 2025. giving us the opportunity to
provide more in the community, making Ynysbwl an even better place to live.
We have delivered on all our other projects throughout the year including Children in Need, RCTCBC Levelling Up
Shared Prosperily, Communrty Facilrties Programme, RCT Winler Warmer and the Welsh Churches Act Fund.
Our mission is community involvement and strong partnership5. and we would like to thank the following groups and
organisation who continue lo support and help shape the work of the organisation.
Ynysybwl Enterprise Project
Local Mountain Bikers
Roberttown Road Runners
Clydach Stream
Ynysybwl Community Centre
Natural Resource Wales
Welcome to Our Woods
Clydach News stieam
Keep Wales Tidy
Game On
Friends of Butcher5 Pool
Walk and Talk
Ynysybwl Community Council
c￿vS
RCTCBC- various depts
Intedink
New Road Allotment Society
RHA
Trerobart Primary School
Zion Chapel
Emma Musgrave
Dated. ..2.qlS/..L5

YNYSYBWL REGENERATION PARTNERSHIP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JULY2024
The trustees present their report and financial statements for the year ended 31 July 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's govemin9 document, the Companies Act 2006 and
"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 1021 (effective 1 January 2019)"
Objectives and activities
The promotion for the benefit of the public of urban or rural regeneration in areas of social and economic
deprivation and in the electoral ward of Ynysybwl and Coe&y-Cwm. These details are sel out in our
Memorandum and Articles of Association. The main activities undertaken in relation to Ihe objectives of the
charity are noted throughout the report.
Vision
Together we have and will re-imagine Ynysybwl as a green. sustainable and highly nehvorked valley with an
emphasis on community owned assets. businesses and actNlties.
Social and Economic context
Ynysybwl lies in a small valley. five miles north of Pontypridd and stands al a southem 'gateway' into the St
Gwyllno Forest, one of the largest forests in Wales. The village sils within a51oundingly beautrful countryside
alongside a small river valley. It is situated in the Cynon Valley and borders Rhondda Fach.
This was a mining community and. typically. it now suffers ilkheallh. low skill levels among school leavers and
young aduhs. and Ihe poorest in the community describe a sense of disconnection from mainstream society.
he way we work
RP will be a catalyst for positive change by..
Faalilaling
Enabling
Connecting
Involwng
Engaging
ur values
Openness
Honesty
Collaboration
Integrity
Ccpoperation
Inclusive
Purpose of Ynysybwl Regenerdtion Parthe￿hIp
Ynysybwl Regeneration Partnership is a development trust. a registered charity and company limited by
guarantee. The trust aims are to raise the quality of life for all- create opportunities for young people,. create
opportuntties in health and well-being. as well as to help develop the local economy, particulady countryside
access and tourism.
The change Ihat YRP wants to lead is for the communilies of Ynysybwl and Coed Y Cwm to..
Encourage more activty within the communities and make better use of the natural environments
surrounding Ihe area.
Have a stronger Vol￿ that influen￿S and iv)forTns the design of selv1￿5 locally.
Ensure Ynysybwl and Coed y Cwm are inclusive communÉties that provide support and welcome those
hard_to-reach individuals into local community aclivity
Develop and take on community assets that engage individuals and groups in activities and
opportunities that enhance learning. employment, health and well-being.
Offer support and help build the capactty of community groups and individuals to make them more
effective and sustainable and help improve lives.
The trustees have paid due regard to guidance issued by the Charity Commission in deading what activities the
charity should undertake.

YNYSYBWL REGENERATION PARTNERSHIP
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JULY 2024
Achievements and perfomian¢e
Our base and other venues
As an organisation. we have several assels where we facilitate local acliwties. We operate from 20 Windsor
Place. We offer lots of opportunities throughout the community. utilising local assels. At Butchers Pool, the Hub
sile and our community allotment in New Road. we facilitate enviionmenlal activities bringing improvements to
the local area. Caban Guto is the heart of the U3nwynno forestry and is a wonderful provision that provides a
stop off place for visitors. offering infomiation on the local paths, trails and history, and provides refreshment5
and toilet faciltties.
Our slaff facilitate sessions and training opportunities for volunteers who actively contribute to making all these
assets a success, ensuring that they continue to offer Ynysybwl and surrounding areas adivities that enhan
health and wellbeing.
Create Your Space- funded by the Community Lottery fund and Welsh Government Dormant accounts
Community involvemenl and being led by the community is a cA)re elhos of the organisalion. We have
continued to consult with the community during the construction phase of Ihe Hub and deliver activib.es in the
community induding youth dub, play group, after school dub and green aGtivities.
Volunteers continue to successfully deliver YRP'S community assets..
Caban Guto Visitor centre- this has been a huge success and volunteers have worked hard to deliver a
valuable service to the wider ￿mrnunty of Llanwynno and surrounding areas. A wholly volunteer led
facilty it operates three days a week. Wednesday. Saturday and Sunday. offering a homemade menu, a
warm welcome and informalion on the surrounding area. The Caban has attracted over 6.OOD visits this
year.
We have supported Friends of Butchers pool in partnership with RCTCBC to open Ihe paddling pool.
Together we were able to offer children and Iheir families this free facility. During the Summer opening
2023 over 2,000 visits was made to the pool. Ynysybwl and Coed Y Cwm Community Council and
RCTCBC Shared Prosperity fund provided funding to cover the running costs of the provision. and we
were able to employ a local person for Ihe 6 weeks of the Summer season.
Five parent volunteers have begun to work with our youth club and have undertaken training including
safeguarding.
We Continue to deliver Taste stations. where we offer free healthy snacks, smoothies and treats. at Butchers
Pool and at youth club. This is much appreciated especialty as families face the cost-of-living crisis. 255
individuals enjoyed trying new things at the Taste Station during Summer 2023.
The Hub - afler holding a tendering prO￿sS a conlractor was appointed in March 2024. with ￿nSIrl￿tIon
starting soon after. The Hub is due to open in Spring 2025 and has been made possible by funding from The
Big Lottery. Create Your spa￿ Fund. Welsh Government Dormant Accounts, the CoTnmunily Facilities
Programme and the Welsh Churches Act Fund. We continue to have conversations wilh the community
about the Hub, 12 FOGUS Groups have been held which will inform the Hub's programme.
Volunteering
3,891 volunteering hours contributed to running Caban Guto, Butchers Pool, Youth Club, Aftei school club
and Tiddlywinks. Young people continue to volunteer at the Taste Stab"Dn and undertake litter picks.
Youth sep4ices - funded by Children in Need
Facilitation of 39 weeks of youth provision
Supported over 30 Children and young people weekly, who aclively engage in Ihe design and developmenl of
their youth provision.
202 young people have engaged our services.
RCTCBC Winter Wanner Grant January - March 2024
Cosy Corner- providing after school acb'vilies for children and caiegivers induded hot snacks and drinks.
Cosy packs distributed to the community included hot water bottles, flasks. blankets etc.
There were 87 individual vistts to Cosy Comer and 184 packs distributed.

YNYSYBWL REGENERATION PARTNERSHIP
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 JULY2024
RCTCBC Shared Prosperity middle level award
Funding towards two posts that will develop the Hub
young people. children and family centre. 679
individuals have been engaged with participating in activities including toys from trash and making
terrariums.
Our environmental impact
The environment is an important part of all our work with a major focus on environmental activities facilitated
actOS5 venues in the community. We have taken steps to ensure that we play our part as an organisalion.
working hard to reduce our carbon footprint. We actively ensure thal all our activities reflect our attempts al
reducing our carbon foolprint and work hard to reduce the amount of rubbish that goes to landfill.
Our work has a strong environmental focus. and we Lrtilise the numerous outdoor spaces in Ynysybwl to
enhance the biodiversity of the village. We hold regular green activities at Butchers pool. our hub site and
our community allotmenl.
We promote active travel encouraging more peop￿ to access the natural environment surrounding
Ynysybwl. We have recognised that many people do not have the confidence to access some of these
spaces and have installed way-markers. and signposted routes in Ynysybwl to make them more accessible.
Our current work
Economic development and sustainable income generation
Key Objective
Interventions
ource of
nding
CYS Lottery
44K
Communities
Facilities
Programme WG
£144,680
Potenlial sale o
ndsor Place
100K
Secured Shared
Prosperity for
o posts to
develop activities
on the Bwth site.
49.500
hen
Key infonnation
Development of
he Hub sile at
Slalion yard,
Indsor Pla
Full planning
permission
secured
March 2023
enders completed
by Jan 2023
Contractor
ppointed
March 2024
Development on
site May 2024
YRP
ongoing
Tender PrO￿s$ Jan
2024.
Contractors,
appointed
March 2024
ork began
May 2024
Expected to
open Spring 2025
elsh Churches
ct Fund
50.000

YNYSYBWL REGENERATION PARTNERSHIP
TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 JULY 2024
er4ice5 for children and young people
Support Friends of
Provide ongoing
Friends of
Butchers Pool in
support to Friends
Butchers pool
elivery of paddling
of Butchers pool.
undertake
ool serviGes
ongoing
fundraising
locally to fund
pool.
Supported
FofBP lo secure
nding
from
RCTCBC
Shared
Prosperty
evelling up fund.
Friends of
Bulchers pool
and YRP
ongoing
Ensure strong
orking partnership
established with
Friends of Butchers
pool and RCTCBC.
Children. young
people, and their
families can
continue to access
this service.
Partner to delive
aste Station at
he pool.
Game On provided
summer activities
or the pool for the
Irsl time and was
ery successful
outh Provision
RP is now the
Ok to run
RP
ongoing
11111
YRP delivers a
eekiy youth club
and continues to
support YEP by
providing craft
activities at their
events induding the
annual festival.
Youth workers are
orking with Young
People to prepare
for the youth clubs.
relocation to the
Hub site.
grant holder for
Children in Need
undin9
outh provision
ver the next
ears
Enterprise
Caban Guto
operating
successfully and
sustainabty
Self sufficient
RP
ongoing
Continued support
o volunteers in
developing the
Caban further.
Support from NR
o relocate the
Caban lo a more
acce55ible site
hich will enable
extended opening
hours 2nd a variety
of activities to be
delivered.
111

YNYSYBWL REGENERATION PARTNERSHIP
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JUL Y 2024
Health and well being
Caban Guto
Volunteers
successfully
operating
Caban Guto.
Ensure
ongoing training
or volunteers.
Income
generation
rom café sales
YRP
ongoing
Become a
5elf-suslaining
social enterprise
ith the aim of
creating local
employment,
raining and access
o heahh and
ell-being as well
as a tourbst ventje.
outh Club and
Tiddlywinks
eekly session5
provide
pportunities for
people to socialise
and fomi
supportive
ne￿Or￿s.
Promotion and communication
Oigilal platfomi and
digital support
o enhance an
online presen
hat connects all
elements of Ihe
project to promote
nysybwl.
o upskill
mmunity
members to
access servi(Es
nline
Shared
Prosperity
RP
ongoing
98 /0 of respondents
indicated that their
ellbeing had
improved through
partiapalion in YRP
activities.
Explore
Ilèmalive
unding
RP
ongoing
Long tem aim is lo
ensure all the wo
of the organisalion
is interconnected
and offers the best
experience to
individuals for
improved access lo
all services.
Continue to horizon
scan for funding
opportunities. A
new page has been
developed for the
ebsite promoting
he Village,
Butchers Pool and
he forestry to
visitors attending
the National
Eisteddfod taking
place in Ponlypridd
(Aug 2024} where
local walks have
been digitised.

YNYSYBWL REGENERATION PARTNERSHIP
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JULY 2024
Financial review
The charty made a surplus for the year ended 31 July 2024 of £180.701 {2023: £62,391 deficit), this can be seen
to be split betsveen an unrestricted surplus of £66,780 {2023.' £79 surplus) and a restricted Sufplus of £113.921
(2023.. £62,47Q deficit).
Reseryes Policy
As a charity we must ensure that we have enou9h money to sustain the organisation's activtties. We recognise
that as a Sma￿ chanty the level of reseprfes ShO￿d reflect the level of activty of the organisation.
Our free reserves for the financial year are £47,210, made up of unrestricted funds less fixed assets and
designated funds (2023: £37.553) aNJ is at an adequate level to ensure we can maintain the running of the
office.
We feel confident that this level of free reserves is suffirierrt for our Gurrent needs. This will be revTrewed in the
new fiscal year as the organisatK)n grows.
Key sources of funding for this period
Grants
Create Your Space Grant- The Communty Lottery Fund & WG Domant Accounts
Levelling up RCTCBC Shared Prosperity low level and middle level award
Community Facilities Programme
Welsh Churches Ad Fund
Children in Need
Totsl grants received - £313.649
Plans for future period5
As Create Your Space moves into ils final year, we will focus our efforts on the development of tke Hub as a
space specrfically for ¢hildren and young people as well as finalising many of the work streams within the
programme.
We will continue to deliver on our projects. collating e￿den￿ from our work and through consultation with the
community-
Collaboration and listening to the communty are fundamental to the continued success of the project and we
ensure opportunilies are readily available f(x indiwduals to engage with us.
We will collaborate wilh local cotnmunity groups to bring in further fvnding to build their Gapacity and support the
development of more activities locally.
This project is run by local people and local groups and is open to anyone who would like to get involved and
bring about change in the communty. Want to get involved contact Hayley Fidler on 01443 799365 or
le
.wales

YNYSYBWL REGENERATION PARTNERSHIP
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 JULY2024
Structure, governance and management
For the Teporting period the organisalion has been managed and run by the Trustees.
Governing Document
Ynysybwl Regeneration Partnership goveming document is the Memorandum and Artides of Association set out
at incorporation on 12th July 2005.
Decision making
During the reporting. the Trustees oversaw the governance of Ihe organisation ¥Mlh delegaled responsibility lo
the Programme Manager in the day-t04Jay management of the Create Your Space project.
Induction training for directorsl trustees
New directors1 Iruslees will re￿1ve an induction pack, a handbook with all policies and procedures adopted by
the board and an induction from the Chair and Company Secretary.
Partners
YRP continues lo collaborate with Partners to facilitate and deliver its vision. Together we continue to involve,
consult. and engage with the wider community to further develop and deliver a 'Wision for the Valley.,
Reserves Policy
As a charity we must ensure that we have enough money lo sustain the organisalions, aclivtties. We recogni5e
that as a small charity the level of reseNes should reflect the level of activity of the organisation.
Chair." Emma Musgrave
Director of an enterprrse charity. with focus on developing enterprise
in
roups within neglected communities.
Community Regeneralion consultant., Director of CREW and over 30
ears. experien￿ of community development and working in the housing
ector.
IT Consultant and Chair of Friends of Butchers Pool
Chair of the Royal British Legion local branch.. former armed Senior
Non-commissioned Officer and Director of a Welsh veterans, charty.,
Community Regeneration consultant with over 30 years. experience
of workin
in communi
development and the housin
sector.
Roberttown Road Runners. Friends of Butchers Pool. 30 years,
experien￿ of WOTking in Ihe NHS and as a local councillor in the
Caetphilly Borough.
Forces Veteran. helicopter technician, volunteers with Ynysybwl
Enterprise Partnership, Butchers Pool. Cabam Guto. British Le
rustee.. Barbara Castle OBE.
ruslee.. Clive Thomas
iuste8.' Arfon Williams
Secretary.. Steve Curry
Trustee.. Elaine Hicks
Truslee.- Chay Binks
ion.

YNYSYBWL REGENERATION PARTNERSHIP
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JULY 2024
ReferenGe and administrative delails
Charity name
Ynysybwl Regeneration Partnership
Charity number
1126105
Company number
05505791
Registered office
20 Wndsor Place
Ynysybwl
Pontypridd
Mid Glamorgan
CF37 3HR
Trustees
Barbara Castle OBE
Cllr Susan Pickering - Resigned 19 September 2023
Clive Thomas
Arfon Williams
Gwenfron Hicks
Rev Eryl Elisabeth Williams- Resigned 8 August 2023
Emma Musgrave
Clifford Binks - Appointed 1 December 2023
stephen Curry
Richard Flowerdew - Resigned 20 February 2024
Key management personnel
Hayley Fidler- CEO
Company secretary
stephen Cuny
Bankers
Lloyds Bank
25 Gresham Street
London
EC2V 7HN
Independentexaminers
Azets Audii Servies
Ty Dewi
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
The trustees, report was approved by the Board of Tnjstees.
Emma Musgrave
Dated. 2q/C/.L.S...

YNYSYBWL REGENERATION PARTNERSHIP
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF YNYSYBWL REGENERATION PARTNERSHIP
I report to the trustees on my examination of the financial statements of Ynysybwl Regeneration Partnership (the
charity> for the year ended 31 July 2024.
Responsibilities and basis of report
As the truslees of the charity (and also tts directors for the Purposes of company law} you are responsible for the
preparation of the financial statements in accordan￿ With the requirements of the Companies Act 20C6 (the 2006
Act).
Having satisfied myself that the financial statements of the charty are not required to be audttLNd under Part 16 01
the 2006 Act and are eligible for independenl examination, I feport in respect of my examination of the charity's
financial statements carried oul under section 145 of the Charth-es Ad 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145{5){b)
of the 2011 Act.
Independent examinerfs statement
Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Institute
of Chartered Accountants in England and Wales. which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act." or
the financial stalemenls do not accord with those records.- or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination-, or
the financial slatements have not been prepared in accordance with the methods and principles of the
Statement of Recommended practi￿ for accounting and reporting by charilies applicable to charities
preparing their accounts in acc(Jrdance with the Financial Reporting Standard applicable in the UK aTrJ
Republic of Ireland (FRS 102).
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in tftis report in order to enable a Proper understanding of the financial statements to be reached.
Andrew Howells
Azets Audit Services
TyDe
Lime Tree Court
Cardiff Gate Business Park
Cardiff
South Glamorgan
CF23 8AB
United Kingdom
Daled..
10-

YNYSYBWL REGENERATION PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY2024
Unrestricted Restricted
funds
funds
Total Unrestricted Restricted
funds
funds
Total
as restated
2023
2024
2024
2024
2023
2023
Notes
ncom
an
ments fr
Donations and legacies
Charitable aclivilies
Other income
395
308,806
395
322.238
1.591
16,127
200
1,591
159,656
200
13.432
143,529
Total income
13.432
309,201
322.633
17.918
143,529
161,447
Charitable activities
18,288
123.644
141,932
49.510
174,328
223,838
Net {outgoingllincoming
resources before transfer5
{4.856)
185,557
180,701
(31.592)
(30.799)
(62,391)
Gross transfers between
funds
71.636
(71.636)
31,671
(31.671)
Net incomel(expenditurel for
the yearl
Net movement in funds
66,780
113,921
180.701
79
{62,470)
(62,391 >
Fund balances at 1 August
2023
56.615
297.592
354.207
56,536
360,062
416,598
Fund balances at 31 July
2024
123.395
411,513
534.908
56.615
297,592
354.207
The statement of financial activilies indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing acliMties.
The slatement of financial activtties also complies with the requirements for an income and expenditure account
under the CompaniesAct 2006.
11

YNYSYBWL REGENERATION PARTNERSHIP
BALANCE SHEET
ASAT31 JULY2024
2024
Notes
2023
Fixed assets
Tangible assels
11
299.874
275,498
Current assets
Debtors
Cash at bank and in hand
12
1,008
239.481
3.212
80.396
Creditors: amounts falling due within
one year
240.489
83,608
13
(5,455)
{4,899)
Net current assets
235.034
78,709
Total assets less Current liabilities
534.908
354,207
Income funds
Restricted funds
14
411.513
297,592
Designated funds
General unrestricted funds
15
12,981
110,414
13,563
43.052
123,395
56,615
534,908
354,207
12-

YNYSYBWL REGENERATION PARTNERSHIP
BALANCE SHEET (CONTINUED)
ASAT31 JULY2024
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 July 2024_
The trustees acknowledge Iheir responsibilities for ensuring that the charity keeps accounting records which c￿MplY
wilh section 386 of the Acl and for preparing financial stalements which give a true and fair view of the slate of
affairs of the company as at the end of the finanual year and of rts incoming resources and applic*ion of resources,
including its income and expenditure, for the financial year in ac£A)rdance with the requirements of sections 394 and
395 and which othetwise comply with the requirements of the Companies Act 2006 relating to financial slatements,
so far as applicable lo the company.
The members have not required the company to obtain an audit of its financial statement5 for the year in queslion in
accordance with 5eclion 476.
These financial stalements have been prepared in accordan￿ with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Truslees on .
Trustee - Emma Musgrave
Company registration number OS505791
13-

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
Charity inforn)ation
Ynysybwl Regeneration Partnership is a private company limited by guarantee incorporaled in England and
Wales. The registered office is 20 Wndsor Place. Ynysybwl, Pontypridd. Mid Glamorgan, CF37 3HR.
1.1 Accounting Convention
The financial statements have been prepared in accordance with the charity's governing dDGument, the
Companies Acl 2006 and 'Actounting and Reporting by Chanlies.. Statement of Recommended PracliGe
applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019>" The charity is a Public
Benefit Entily as defined by FRS 102.
The charity has taken advantage of the prowsions in the SORP for charities applying FRS 102 upda￿ Bulletin
1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling. which is Ihe fundional currency of the charFty. Monètary
amounts in these financial statements are rounded to the nearest £.
The financial slatements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out bebw.
1.2 Going concern
At the lime of approving the financial statements. the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the tiuslees
continue to adopt the going cOn￿rn basis of ac(¥Junting in preparing the financial statements.
1.3 Charitable funds
Unreslricled funds are available for use at the discretion of the trustees in fvrtherance of their Gharilable
objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific
purposes. The purposes and uses of the desrgnated funds are set out in Ihe notes to the financial statements.
Restricted funds are subject to specific conditsons by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial stslements.
1A Income
Incomè is recognised when the charity is legally entitled to rt after any performance conditions have been met,
the amounts can be measured reliably. and it is probable thal income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Grft Aid or deeds of covenant is recognised al the time of the donation.
Income from government grants. whether 'capital' or 'revenue' is recognised when the the charily has
enlitlemenl lo the funds, any performance conditions attached to the grants have been met, it is prci)able Ihat
the income will be re￿iVed and the amount can be measured reliably and not defe￿ed.
Capital grants are classified in restricted funds with depreciation charged against the fund. Once the
restriction has been mel the assel is transferred lo unrestricted funds.
Income from venue hire is recognised when the service is provided with any amounts received in advance
deferred.
14-

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
IContinued}
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlemenl will be required and the amount of the obligation can be measured reliably.
Expenditure on charitable activities indudes all costs relating to the furtherance of the charitls objectives as
stated in the trustees report 2nd their associated support costs.
Irrecoverable VAT is charged as a cost against ihe activity for which the expendtture was incurred.
Support costs have been allocated belween govemance costs and other support. Govemance costs
comprise all costs involving public accountability of the charity and its Complian￿ with regulats'on and good
practice.
Support costs indude central functions and have been allocated to activity Cost calegorTres on a tasis
consistent with the use of resources.
1.6 Tangible fixed assets
Tangible fixed assets are initialty measured at cost and subsequendy measured al cost or valuation, net of
depreciation and any Impalm￿nt bsses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Leasehold improvements
Plant and equipment
Computer5
5°k straight line
Over the life of the lease
33.33 °A straight line
33.330/p Straight line
The gain or loss arising on the disposal of an asset is detemined as the dnlerence betsveen the sale proceeds
and the carrying value of the asset, and is recognised in the stalemenl of financial activities.
1.7 Impaiment of fixed assets
At each reporling end date, the charity reV￿wS the carying amounts of its tangible assets to detemiine
whether there is any indication that those assets have Suffered an impaimient loss. If any such indution
exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimient
loss Irf any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand: deposits held at call with banks. other short-lem) liquid
investments with original malurtties of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Finan￿al InstnJments' and Seclion 12
'Other Financial Instrumenls Issues, of FRS 102 to all of its financial instrumenls.
Financial inslrumenls are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assels and liabilities are offset, with ihe net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounls and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
15-

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y 2024
Accounting policies
(Continued)
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently Garried at amortised cost using the effective
interest method unless the arrangement constilutes a financing Iransaclion. where the transaction is
measured at the present value of the fvlure receipts discounted al a fflarket rate of interest. Financial assets
classified as receivable wilhin one year are not amortised.
Derecognition of financial assets
Financial assels are derecognised onty when the contractual rights to the cash 17ows from the asset expire or
are settled. or when the charity transfers the financial asset and substantially all the risks and rewards of
ownership to another entity. or if some significant risks and rewards of ownership are retained but control of
the asset has transferred lo another party that is able to sell the asset in its entirety to an unrelated third party.
Basic r
Inancial liabilities
Basic financial liabilities, including creditois and bank loans are initially recognised at transadion price tjnless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
valLJe of the future payments discounted at a market rate of interest. Financial liabilities classifsed as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interesl rate method.
Trade creditors are obligations to pay for good5 or serv1￿5 that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as (Jjrrent liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liab￿rtieS. Trade creditors are recognised initially al
transaction price and subsequentty rneasU￿d at amortised cost using the effective interest method.
De￿cOgnItion of r
Inancial liabilities
Finan￿31 liabilities are derecognised when the chaTity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an oxpense when the charity is demonstrably ￿MmItted
to terminate the employment of an employee or lo provide termination benefit5.
1.11 Retirement benefjts
Payments lo defined contrtbLrtion retirement benefit schemes are charged as an expense as they fall due.
1.12 Taxation
As a registered charity, Ynysybwl Regeneration Partnership is entrtled to the exemption from taxation in
respect of income and capital gains re￿iVed with sections 47&489 of the Corporation Tax Act 2010 and
section 256 of the Taxation ol Chargeable Gains Act 1992 to the extent that these are applied to its charitable
objects purposes only.
16-

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 JULY 2024
CritiGal accounting estimates and judgements
In the application of the charity s accounts.ng policies, the trustees are required to make judgements, eslimates
and assumptions about the carying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these ests'mates.
The eslimales and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects ￿lY that
period. or in the period of the revision and future periods where the revision affecls both current and future
periods.
Donations and legacies
Restricted Unrestricted
funds
funds
2024
2023
Donations and gifts
395
1,591
17-

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY2024
Charitable activities
2024
2023
Enterprise income
Grants
8.589
313,649
8,989
150.667
322.238
159,656
Anatysis by fund
Unrestricted funds
Restricted funds
13,432
308,806
16,127
143.529
322.238
159,656
Performance related grants
National Lottery Fund
Erasmus
Shared Prosperity (RCT)
Ynysybwl Enterprise Programme
Friends of Butchers Pool
Interlink RCT
Ynysybwl & Ceodycwm Community Council
Rhondda Cynon Taff County Borough Council
People and Work Unit
Rank Foundation
CFS (RCT)
Kickstart
BBC CIN
Welsh Govemmenl
Awards for All
other
119,772
12,834
15,376
106,490
3,210
5,377
1.090
10,304
64
17,857
2,803
972
(1.868)
314
2,000
540
2.151
10,000
144.680
10,000
349
313.649
150,667
Other income
Total Unrestricted
funds
2024
2023
Other income
200
18-

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY2024
Charitable activities
2024
2023
Staff costs
Deprecialion and impairment
General office costs
Insurance
Professional fees
Printing, post and stationery
Project consultancy work
Building and project repairs
Subscriptions and donations
Donations
Telephone and IT
UtilTties and ground rent
Venue hire
General project costs
Advertising
Other staff costs
Travel
65,249
33,039
4.801
6,055
2,244
116,576
32,297
27,212
5,741
915
196
1,500
2,194
215
1.774
287
270
3.992
6.480
4,040
2,700
1,296
18.837
1,088
2.159
4,892
14,850
139,041
221,858
Share of govemance costs (see note 7)
2,891
1,980
141.932
223,838
Analysis by fund
Unrestrided funds
Restricted funds
18,288
123.644
49,510
174,328
141,932
223,838
19-

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y 2024
Support Costs
Support Governance
costs
costs
2024
2023 Basis of allocation
Audit fees
Accountancy
2,280
611
2.280
611
Governan
1.980 Governan
2.891
2,891
1,980
Analysed between
Charitable activities
2,891
2.891
1,980
Governance costs includes payments to the independent examiners for accountancy work tolalling £5SO
{2023.' £500) and £1,730 (2023.. £1,480) for the independent examinabon.
Trustees
None of the trustees (or any persons connected wtth them) recerved any remuneration or benefits from the
charity during the current or prior year.
No trustee was reimbursed for expenses during the current or prior year.
Employees
Number of employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Tolal slaff
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
62,020
106,863
4,616
5,097
3,229
65,249
116.576
Key manayement personnel
The key management personnel of the charity as detailed in the trustees report received beneffts (consisling
of gross salary, employers national Insuran￿ contributions and employers pension contributions) lotalling
£35,767 (2023. £19,253).
There were no employees whose annual remuneration was £60,(K)O or more.
-20-

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
10 Taxation
The charity is exempt from tax on income and gains falling wtthin section 505 of the Taxes Act 1988 or sedion
252 of the Taxalion of Chargeable Gains Act 1992 to the extent that these are applied to r(s charitable objecls.
11 Tangible fixed assets
Frnehold land
Leasehold
and buildings Improvomonts
Plant and
equlprnent
Computèrs
Ttstal
Cost
At 1 August 2023
Additions
Disp05als
331.869
59,693
92.665
2,956
1,750
17,502
755
(674)
444,992
62.198
1674)
At 31 July 2024
391.562
92.665
4,706
17,583
506,516
DeprecTation and impaimient
At 1 August 2023
Depreciation charged in the year
Eliminated in respect of disposals
88.270
18.090
2.956
578
16.787
964
(674)
174,277
33,039
(674)
13.407
At 31 July 2024
106.360
79,671
3,534
17,077
206,642
Carrying amount
At 31 July 2024
285,202
12.994
1,172
506
299,874
At 31 July 2023
248.383
26,400
715
275,498
12 Debtors
2024
2023
Amounts falling due within one year:
Trade deblors
Prepayments and accrued income
3,212
1,008
1,008
3,212
13 Creditors: amounts falling due within one year
2024
2023
other taxation and social security
Trade creditors
other creditors
Accruals and deferred income
460
900
434
3,661
1.092
1.530
417
1,860
5.455
4.899
21

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o) m I

YNYSYBWL REGENERATION PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y 2024
17 Operating lease commitsnents
Ai the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows-
2024
2023
Within one year
294
18 Related party transactions
There were no relaled party transactions to disdose in the 2024 or 2023 financial year.
-27_