REGISTERED COMPANY NUMBER: 06718110 (England and Walos) REGISTERED CHARttY NUMBER: 1131506 REPORT OF THE TRusfEES AND UNAUDrrED FINANCIAL 8TATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR CANOLFAN MAERDY Btsvan Buckland LLP Ground Floor Cardigan House Casll8 Court Swansea Enterprf$e Park Sw8nsea SA7 9LA
CANOLFAN MAERDY copirENTS OF THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Rèport of thè TruBtO08 1 to 2 hKhpond•nt ExamSn•f8 R•port 8tat•mont of Flnanclal A¢dvS11•9 Balan¢• 8h••t Cash Flow Stat•m•nt Not•s to th• Cash Flow Stit•m•nt Not•• to th• Flnan¢lal 8tat•m•nts 8 to 20 D•lall•d Stal•m•nt of Fln*nclal Actmtl 21 to 22
CANOLFAN MAERDY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustses who 8r6 also dir8Ctor8 ol the ctrArty for thè pww)868 of the Companie8 Act 2006, presant thair réport with financial 8tatements of the charity for the year end&J 31 December 2024. Tha trustees have adopted Ihe provisions of AccouTrtiThJ and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparlng thelr aCCnts In aC)rdance with the Financial Reporting Si8ndard applicablg In the UK and Republlc of Ireland IFRS 102) (effedve 1 January 20191. OBJECTIVE8 AND ACTIVITIE8 Obloctlvos and alrns The company 1$ 8 non-profit maklng or9anlsatlon whDso oble(Ilves are to promote the benefits of the Inhabmants of the County Borough of Neath Port Talbot and surrounding areas, without dlsllndon of sex, sexual orfentation. ra or polrt5cal, r6llglous or other oplnlons by Assodatlng the local authoriti88, voluntary organtsations and inhabitant8 In a common effort to advance education and to provid8 facililios In tho kntorests of social welfar8 for recreBtlon of1rf8 for sald Inhabttants. Also the charitable company aims to m8intoln and manage a centre for actlvhles prOnled by the chalty 8nd Its <x)nstltuent bodles In furthewco of the above objects. Advlll t)uring 2024, the Charity has. d88plte rfslng costs. partl¢ularty h energy, had a good, Ir hard year and has sought to omote Its work and ensure the $ust8ln8bllty and developmènt of its eStIng 8orvlces for the benefit of the communlty. l)Ilst mod8lllng falr and ethlcal employment poficles wlth development of staff and support for wellbeing, We have sougm to bulld on the 8UCC8ssful achievement of lonoer4em) grant funds tor our Communlty Tr8n8POrt work provlded by Motabillty Foundatlon, uslng the Bus S8Ces Support Grant and UK Government Strataglc Development FwKls (SPF) to develop a floxlb16 bus 88rvlce to fill tronsport gaps In cmjr [MUnItIes. Wo have expandod our youth provlslon. uslnp short-temi SPF fimds to b8 able to have a full-Im• youlh worker wlth wpport and provlde tralnlng for all of our youth staff and voluntsorn so they hav8 achlevad fulty qualffied Status can reglslor as youth workers. In additlon. furthor &yoar fundlng from the Stratogtc Youth Voluntary Youth Woth Granl 18 allowlng for Ihg ongolng employment of a ful11M0 youth leader wlth pald part-timg a88lstanl, plus actlvmos and a bus ¥hutUe run by our communty tr8nsport b enabb young people from acro88 our communlues 88fe acG088 to our youth provlslon. Neath Port Talbot made a daclslon to put a c•lllng on grants for cure lundng ol local organlsalons. Thlg dogs have an Impact on our work, reduclng Ihe finance avallable for key General Man8ggr and Flnanc roles on whlch the Charfty d8pend8. Th8 Trustegs hav6 ther8forn 80ught to Increase the allocatlon of manag8m8nt eosls wlthln all grant appllcatlons vre posslble. Lols of Tot8 Saw a furthor Incroage In Its flylng 8tart provl8lon f(Ku5ed an moro vuln•rabl8 famllle$ and thi8 h88 n( becThn6 a large part of tho overall chlld(are provlslon. However, whllst It18 è88èntial work and provldes 8 truly valuabl8 Bervice which we can not fall to provldo. It was not fijnded at the level that such demandlna provislon needs. Thls has maant that we havo 888n a loss wlthln our thlldc8r8 provlslon h year. We have b8en dear regarding tho 8traln th18 plac6s on our abS11ty to provlda affordable, quallty, chlldcoro In our communlties where wage lovels are balow nalSonal averrfe and there are a number of vulnerable famlli06. requlrin9 8UPPOrt. W6 have lundralsed and had support from Neath Port Talbot Famllles To8m to monage the sOurce 166ues In year but there will be a need for fee Increa8es Irrto the n8xI financlal year rf provlslon18 to 8urvlvg. Desplte all of thls our ChIldc t8am waB recognlBed wSth an award for the mo815UPPQrtfvo ¢hildcar8 setting at the NPT CNld¢w8 Awards. Capltal fundlng al80 allowed tho rgplacement of ong of our vgry eldgdy chlldGare transport vehl¢les wSth a hybrld, to en8ure we can S11 take ond coll8ct children, supportlng Ilnks wtth 4 lo1 schools. Thls sort of support ne¢es6ty In our rural communlty, Sm8llar grants alcmgsld8 &amed Incomg support our Food Hub and Communlty Cafo have allowod for the development of our Soclal Sup8rmarkeVPanty and a start for the Food Coop whkh Inllial appoar self-sustainlng. whll8t 8avtng mney for hxal resldenis vllh a88 to cheeper food and essential supplles. The communlty grn918 b8comlng 8stabllsh8d and wllh the Charfty finally belng granted 8 30-year lease lor Sts Centre durfng late December 2024 fund8 ar8 being sought to dovelop twjth the bu51dSng and tha araas around St 8UPPOrting Increased tsyowing ¢apa¢lty. The Banwen Garden w88 the redplent of a CLAS award durfng the year aThl work Is ongoing wlth E9in and the Neath Port Talbot Natlwe Pather8hip to bulld on work to dat8 promoling envlronmentsS awareness, ImprDvements and particulady biodlvety. We look forward to a produthe 2025. STRATEGIC REPORT Golng concam The cost of living (¥l$is ntinU&S to rAUSe issu&s wtthln the deprl¥ed )Mmunity whlch wé sèrvè. At the etNI of 2024 our unreseNed fund stands at £387k of vthich £195k 1$ cash. thls L8 at the 18vel whlch we seek io relaln to ensure 3 months runnlng costs for the Char6ty as advised by the Charities Commission. £158k of funds have been transferred and con501idat8d in tha Designated Fixgd Assets fvnd a$ the fundkng b88n received and utillsed fulty for the purpose of purch85ing capital red asseis whlch have a chargg on thom thich requlres retumvig the fvnds If sold wlthln 5 yeard. Tho Board has made dacisions to raise fees for 581vi$ {taking account of affordabilty for th058 we serve) in order to enable us to seok to be as sustainable as is possible. We are considering the posslblllly of further SPF Tesources to initiats improv8m8nts and oxpansion of the building. wlth a move to renewablè more affordable 8norgy use. Thb whlbt Ihe Trustees seek Lottery and other funding support. Page 1
CANOLFAN MAERDY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Govemlng document The tharity is controlled by ts ooveming documert a deed of trust, and (y)ngtitutes B Ilmlted (xmnpany. limited by guarantee, as defined by the Companies Act 2006. The drity is controlled by its govemlng documont. a deed of trus( and constltutes a Ilmltod company. Ilmited by guarwts8, as d8fine(I by Ihe Companies Acl 2006. The otgan15atton is a charitablo ¢ompany limited by guarantee, IrK(xporaled on 8th Do¢amber 2008 and registered as charity on 4th September 2009. The company was estsbl$hed under a Memorandum of Association which establlshed the obJ8cts and powers ofthe ch8rftabl8 company and Is G4)vgmad under Its ArUd05 of Association Ro¢rultm•nt and •ppolnlmont of tru•l• The threclorn of the company are also charfty tru8te88 th• purpose of charity law. The rules rngardlng tha numb&r of dSr8¢t(Ys and thelr appointment. re8ppointm8nt and removal are contalned In th8 Artlcles of Associaon to bthlch reference should b8 made. The Diréctor8rrru8t88s ar8 very awara of the need to recNIt new m8mb8rs to improve the dNgrsty, and skllls rnlx of the Board. Work is ongolro on thls wllh one Dlrector rdrfThJ and 2 naw younger Dlr8ctors reciuit6d In yoar. Afurlher new Dlrector is In recrultmenl. Rl8k manigomont The Dlrector6 adivaty revlw th8 major rlsks ¥thlch Iho charlty faeth on a regular ba818 and they believe th81 molntalnlng the free reseN88 at the18vo1s slatad balow. Combbned wllh an annual revlaw of the controls ovèr koy flnanclal syst8ms carrlgd out through an Int8mal audlt programmo, wlll provide suffi¢lent resources In thé evont of adverse condltlons. The Dlrector8 have alBo examlnad othor operational and I81n•89 rf8k8 whl¢h they foco and confirm that they hava e8labll4h•d 8y8tem$ to mlugate tho slgnmcanl rf8k8. REFERENCE AND ADMINISTRATNE DEfAIL8 R•gl$t•r•d Company numb•r 06768110 (England and Wal881 Regl8tsrod Charlty numb•r 1131506 R•gl8t•v•d offl¢• Old NCB Officos Naw Road TalrgWah Ammarford Cannarthen8hlro SA18 1UP Tru8t•e8 Mr L J Preeco (Chalr} Dactor S H Reynrld8 Mrs M H Dawson MS S R Everftt {appDlntsd 18.6.24) M$ S A Thomas (appolnted 18.6.24) Mr G W Grattidge {appolntsd 1.5.24) Ire81gned 31.1.25) Indapond•nt Examln•r Hènry Lloyd-Davies Bevan Bu¢kland LLP Ground Floor Cardlgan House Castle Court Swans&a Enterwlse Park Swansea SA7 9LA Report of the irus dlrndors. on .... 8traloglc report, approved by cKder of thts board of tru8tees. as the (a)mpany and signed on the boards behalf by: Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CANOLFAN MAERDY
Independent examiner's report to the trustees of Canolfan Maerdy ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are 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 Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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3. the accounts 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 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.
fed Dhan
Henry Lloyd-Davies
The Institute of Chartered Accountants in England and Wales
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA79LA
Date: .....25 .................................. . June 2025
Page3
CANOLFAN MAERDY STATEMEtrif OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Totsl nds 2023 Total furKIs Unra8trtc*8d funds Restricted fund8 Notes INCOME AND ENDOWMENTS FROM tk)nations and18g8d88 4,437 4,437 3,518 Charftablo actMtIo8 Charltable acllvS1109 368,854 384,767 753,621 735271 Other tradiffj a¢tlvitlés Other Irwme 1.578 3.257 1,578 3,257 397 2,881 378,126 384,787 762,893 742.067 EXPENDrruRE ON Raising funds 2,383 2.383 827 Charltablo a¢tlvlti Charttable ac16vitie8 317.123 385,840 702,963 598.706 Other 27,068 27,068 6.312 Total 346,574 385,840 732,414 805,845 NET INCOMEI{EXPENDITURE) Tran8f•r• both•n lund• 31,552 158,873 11,0731 {158.873) 30,479 136,222 15 Not mov•m•nt In fvnds 190,425 (159.9481 30,479 136,222 RECONCILIATION OF FUNDS Total lund8 IM)ught forward 197,180 288,605 485.785 349.563 TOTAL FUNDS CARRIED FORWARD 387,605 128.659 518,264 485,785 Th8 notes form part ofthese finanrTral statements
CANOLFAN MAERDY BALANCE SHEEr 31 DECEMBER 2024 2024 Total fijnds 2023 Unrastrictad Restricted funds fuThls Tanglbl8 a8sets 12 188.267 188.267 130.199 CURRENT ASSErs 13 22.301 195.038 77.037 51,622 99.338 248.660 38.371 333,490 Ca6h at bank and in hand 217,339 128,659 345,998 371.861 CREDtroR8 Amounts18lllng due 1n one year 14 {18.001) (18,001 } (16,275) NEf CURRENT A88ET8 199.338 128.659 327,997 355.586 TOTAL ASSETS LESS CURRENT LIABILmE8 387,805 128,659 516,264 485,785 NET ASSETS 387.605 128.659 616,264 485.785 FUNDS Unrestrlcted fund8 Reslricted fund8 15 387,605 128.659 197,180 288,805 TOTAL FUNDS 516.264 485,785 The chatable company IB 8nUUed lo exomption from aaIt urKlgr SectlLm 477 of the Companlos Act 2006 for tho year ded 31 Dacwnbor 2024. Tho members have not requlrod thg cumpany to obtakn an audtt of tts finandal 8tatemeni8 for the year eTrJed 31 DecOr 2024 In accordance wlth Secllon 476 of the Compan188 Act 2006. The tnJ8tee8 ackrK>wledg& thelr re8ponslbllikn08 lor (a) ensuring that the ch8rlt8blo wmpany keep8 a¢UntIrJ records that ¢ompty vAth Sectlon8 386 arKI 387 of the Ccthponl8& Act 2006 and prnparlng fin8nd818tatem•nts whlch glvo a truo and falr vlew of tho State of affalrs of the charllabl8 compary aB at the end of each flnandal yèar and of surplu8 or deficit for each financlal year in a¢cordance wSth thg rewlrements of so10n$ 394 and 395 and which OttwISe comply the roqulremants of the Compan183 Ac 2006 relatlng to flnanoal ststements, so far as appllcable to tha charftoble company. {b) The ancIal statements were appn)v8d by Ihe Boanl of Tru8t888 and authort88d for 18SU .(*.....3O-S and were slgned on Its behalf by: on Do¢tor S H Reyn ds - Tru5ts6 The notes form part ofth85e finanal statements Page 5
CANOLFAN MAERDY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 21r24 2023 Notes Cath flows from operatlng actlvlu Cash gen&ratsd from op8rations 6.917 156.883 Neteash prded by opèratlng acOvlUe8 6.917 156,883 Cash flowj from Inv•stlng a¢tlvltl•• Purcha88 of tangibl8 fixed assets Sth of tanoible fixed a88ets (94.597) 850 (60.847) Not cash used In inve8tlng actlvltl85 (93,747) 160,847) Chang• In cash ond cash •qulval•nts In tho roportlng porlod Cash and Cash equlval¢nts at tho glnnlng of the reporting p•rlod (86,830) 98,036 333,490 237.454 Ch and cash oqulval•nts al th• •nd ol th• r•portlng p•rlod 246,e60 333,490 The )tss fomi part ofthesé financial statements Page 6
CANOLFAN PAAERDY NOTES TO THE CASH FLOW STATEMEKr FOR THE YEAR ENDED 310ECEMBER 2024 RECONCILIATION OF NEf INCOME TO NEf CASH FLOW FROM OPERATING ACTMTIE8 2024 2023 Not Incomo for the réportlng porf¢)d (u per tha Stat•mont of Flnanci Acllvlties} AdJu¥tm•nts for: DeprocSation charges Increase in debtors Inc¥easel{de¢rÈ8sè) In credltors 30.479 136.222 35,879 160,967) 1.726 26,753 (4.543) (1.549} N•t eash provld•d by oporatlom 6,917 156,883 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash tlow At31.1124 N•t ca•h CaBh at bank and In hand 333,490 (86.830) 246.660 333.490 (86,830> 246,660 Total 333,490 {86.8301 246,880 Th8 notes fcrni part of these financ4al stst8ments Page 7
CANOLFAN MAERDY NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Bas1$ of preparlng tho financlal statements The financial stat8ments of the chaiitsble ttlmpany. vthlch Is a wblic benefft entty under FRS 102, have been prepared In accordance the Charili85 SORP {FRS 102) 'Ac(x)unting and Reporting by Charltles". Slatement of Recommended Praclice applicable to charitN weparing Iheir accourts In accordan¢e the Hnancial Reporring Standard applicab in the UK aTrJ Rewblic of Ireland (FRS 102) (effective 1 January 2019),. Financial R8POrtlng Standard 102 The Fin8nd81 Reporting Sdard applicable In thè UK and Republic of Ireland. and tho Companlos Act 2006. The flnanclal statsm•nis have been preparod undor th8 hlstorfc81 cost convenlh)n. Incomo AN incom6 is recognised In thg Ststement of FlnancSal Advitl8s t6 Ihe charfty ha8 entltlement to the funds, It Is prob8bl8 that the Income 11 be received and th8 amount can be m9asured reliabW. Exp•ndlturn UablISo$ are ren8@d ay 8xpoThllture a8 8(xJn as thern 18 a legal or constNLve obllgalon comMrtn9 thè tharlty to that expenditure, It18 probable that a transfer of economlc ban8tlts wlll b8 r8qulr8d In sott1gm8nt and tha amount of the obIlgaOn can be m8asur6d rallabty. Expenditure 18 accounted for on an accruals basis and has been dassffied undor headlngs that aggregate al eA)8t related to tha category. Where cannot ba directy attrfbuted to particular ho8dlNJ8 they have boon alk818d to activiues on a ba81$ con81stont v4lth the u89 of r8soure8s. Tanglble flxod o•sets Depreclatlon Is provlded al the follvwlng annual ratss In order to wrlte off each a8SOt over It• estknated ful Flxlur•8 and fittlng8 Motor vehld85 Computer equlpment 25% rathdno balanc6 25% reduclrvj balancg Stralght Ilno over 4 years Taxatlon Tho charity18 ex8mpt from corporatlon tax on lis charftabl8 acllvS1108. Fund a¢¢ountlng Unrastrfcted fvnds can b8 u88d In accnCe wlth the charltsble oblectlves at tha d18credon of the tnMt888. R1ctOd fvnd8 can only be u68d for p8rfJ¢ular restrlcted pury)$88 wllhln tre objects of tha charlty. Restrkt arfse whan 8pe¢ltl8d ty tha donor or when funds are ral$ed for particular restrfcted purpose8. Further explanatlon of tha nature aThJ purp08e of each fund18 Induded In tho note8 to th8 flnandal stslewonts. P•nslon and oth•r po•trf•tlrom•nt bon•fit• Th8 charlt8blg company opgrales 8 defined contrlbutlon penslon stheme. ContdbuUon6 Poyablè to d)e charltable company's penslon stheme are charged to the Statem8nt of Flnanclal Aotlvltles In the period to whlth they rglaie. Cash at bank Cash at bank and Cash In hand includes cash and short temi highly liquld Invoslments w5th a short maturfty of three month8 or18ss frorn the date of acquisition or onI ofthe deposit or slmllar account. Debtor8 Short term debtors aro mea8ured at tr8nsactlon price.1è86 any Imp8lmienL Crodltors Short t8m credthrs are moasured at tran88Ctlon pri. Provl8lon for Ilabllltloll Provislons are recogni80d whon the (mp8ny has a present obllgation (legal and constru¢llve) frorn a pa51 event that will probably result in a transfer of funds to a thlrd party and tho amount due to sotU6 the obllgatlon be measured or estimated reliably. Functlonal and Pre$èntallon Currnncy The wmpanls functlonal and presentation Currency Is pounds Sterfing. Golng Concom The company CC1u0S to adopt the golng con(%m basis in preparfng $ finanoal statements. Page 8 nlinued...
CANOLFAN MAERDY NOTE8 TO THE FINANCIAL STATEMEpifs- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - contlnu•d Cash ot bank Govgrnment Grants Govemmont grants are r8COgnlsed at the falr value of the asset recelved or recelvable when thern 1$ roasonabl8 assurance that the grant condibons will b8 m8t and Iho grants wlll b8 r¢ceNed. A grant that specwlos performanc8 condltions Is recognised in Incom8 when the p8rFormanc8 condltk>n8 are mot. wre a grant d085 not 8pocfy Perfoance conditlons 5t 18 recOgnid In income vthen tha proceeds are received or rocoivable. DONATIONS AND LEGACIES 2024 2023 Donatlons 4,437 3.518 OTHER TRADING ACTivrriES 2024 2023 Fundralslng events 1,578 397 14COME FROM CHARITABLE ACTMTIES 2024 2023 Actlvlty Chlld care Charilable advlties Room rentsl Income Charltabl8 actlvit Cafo Income Charitable pAfvltles Communlty transport Income Chadtsble 8¢tfviiles Grants Ch8rltsbl8 activ6tles Ftylng Start Incom6 Charitsble aclfvltss 202.694 780 17,(X)3 12.302 384.767 136,075 211,811 400 19,084 8,412 370,Lb3 125,501 753.621 735.271 Gronls racalved, Indudod In tho abovo, arn as follows: 2024 2023 Thlrd Sector Core Grant Mllk grant F¢)od Povarty Grant 2023-2024 Ceic Energy Communlty Fund Re8ill8nt Green Spaces F¢)od Cckop National Lottery Awards for Al Aces Grant NPTCBC Commlnty Youth Tralnlng WCVA LTDCS WG NPTCBC Chlldcaro and Earfy Years NPTCBC Chlldren and Famlly Community Foundallon- Cost of vIng Cost Of Living Grant Childcare & Play Sustainabllty Grant E8rty Years Capltal Grant Hedley Foundatlon CWVYS Voluntary Youth Worf( Sector SupFQrt Sch8m Motability Grnnt Community Frfdge Youlhfest Bus so¢e8 Support Grant Herltage Fund Grant Wami Welcome Spaces Children In Need M¢)ondance 33,000 763 8,935 4.102 30.cl 10,(M)O 18,094 4.740 3,373 20,000 14.597 5.000 7.141 2,000 20,000 3.OIXI 5.000 2,000 20,000 65,107 5,000 975 31.465 3,639 2,110 24.190 18,176 193,479 1.OtK) 22.170 Carried forward 237.831 370.C Page 9 Coninued...
CANOLFAN MAERDY NOTES TO ThE FINANCIAL STATEMENTS- contlnuod FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME FROM CHARrrA8LE ACTIVrnES- continued 2024 2023 Brought fofward Mynydd Y Betsv5 Communlty Wlnd Fonn Fund Nourish The Nation Grdnl NPT Food Partnership N•lMirk For Social Change Charttable Trust Grant PlakS WWF Cymru commun Grant Childcaro Tran8ltion Grant Flw'ng Start Expanslon Grant Food Poverty Grant 2024-2025 Hubbub Fund Shared Prosp8rfty Fund 237,831 3.435 10.000 4,200 6.552 14.965 1,000 11,OCK) 10.250 7,493 11,000 67,041 370,163 384,767 370.063 RAISING FUNDS Oth•r tradlng a¢tlvltl•• 2024 2023 Bad dobts 2.383 827 CHARrrABLE ACTIVMES COST3 Support C08t8 l•eè nots 7) Dlro¢t Totsl8 Chadtable acVvRle8 699,913 3,050 702,963 SUPPORT C08T8 Supwt Charltable thltl88 3,050 NEf INCOMEIIEXPENDITURE) Net Incomel{expondSture} IB 8tat8d after charglnty(uedlUry}: 2024 2023 Depredalion- owned asgets 35,679 26,753 TRUSTEES. REMUNERATION AND BENEFrrs There were no tru8teos' remuneratlon or other errtS for the year ended 31 Dxember 2024 nor for tho year ended 31 December 2023. Tru8t•e8' expDn8•8 Thgro wero no trustees. oxpartses paid for the year erKled 31 December 2024 nor for the year eThled 31 Docernber 2023. Page 10 continued...
CANOLFAN MAERDY NOTES TO THE HNANCIAL STATEMEKfs- condnued FOR The YEAR ENDED 31 DECEMBER 2024 10. 8TAFF COSTS 2024 2023 Wag8s and salaiios Social security Gosts 0r penslon costs 488,716 26.289 8.431 399.186 20.547 7.370 523,436 427.083 The Key Management Personnel of the Charlty re¢eivad remungratlon of £152,089 (2023.. £111,037).Thi8 indud88 gross salary paid. amployers natK>nal insurance contrlbutions and employ8rs pension contrlbutlons. This fvJur8 also Includes time spènt on non manaw8nt acllvltles. The average monthly number of employee8 durhg tho year was as follows., 2024 2023 Management Krtch8n stsff Nursery staff Office staff Cleanlng staff Communlty Transport Stsff Youth Staff 14 16 30 28 No OrnFIoyo0s recelvod omoluments In ox¢e$s of £60.0tsJ. 11. COMPARATNES FOR THE STATEMENT OF HNANCIAL ACTIVITIE8 Unr88trtcled funds Re8tslcted fund8 Total funds INCOME AND ENDOWMENT8 FROM Donallon8 and189od8s 3,518 3,518 Charltabh a¢tlvlti Charitablo activltks 365,208 370,063 735,271 Ir tradlng octlvlUe8 Oih8r Income 397 2.881 397 2.881 Total 372.004 370.063 742,067 EXPENDITURE ON Raising fimds 827 827 Charltsble activitl•s Charilable actlvities 390.926 207.780 598.706 0th8r 6,312 6.312 Total 398,065 207,780 605.845 NET INCOMEI(EXPENDrruRE (26.L1) 162.283 136222 RECONCILIATION OF FUNDS Tota funds bmught forward 223,240 126,323 349.563 TOTAL FUNDS CARRIED FORVVARD 197,179 288,606 485.785 Page 11 continued...
CANOLFAN MAERDY NOTES TO THE FINANCIAL STATEMENTS- conlinuod FOR THE YEAR ENDED 31 DECEMBER 2024 12. TANGIBLE FIXED ASSETS Fixtures and ffttlThJs Motor vohidos Cnpl8r equient COST At 1 January 2024 Additions Disposals 45.631 2,585 156.652 91.614 (850) 38,259 398 240.542 94.597 (850) At 31 D8¢ernber 2024 48,216 247.418 S3.657 334.289 DEPRECIATION At 1 January 2024 Charye for year 32.875 3,189 53.316 25,835 24,152 6.655 110,343 35.679 At 31 Dac8mbor 2024 79.151 30.807 146.022 NET BOOK VALUE At 31 Decomber 2024 12.152 168,285 7.850 188,267 At 31 Docembor 2023 12,756 103.336 14,107 130,199 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trad8 d8btors (Xher debtors Propayments 14,596 77.037 7.705 4,683 99.338 38.371 14. CREDrroR8: AMOUNTS FALUNG DUE wmiiN ONE YEAR 2024 2023 So¢lal 8agJrfty and other taxes Other credltors Accruals and deferred Income 6,335 3,243 8,423 2.925 8.258 18,tM)1 16,275 Page 12 ojnlinued...
CANOLFAN MAERDY NOTES TO THE FINANCIAL 8TATEMeiirs- contlnuad FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS Net movemont in funds Tran5f8r8 bean funds At1.124 31.12.24 Unrestricted funds Gen8ral fund D88ignat8d - Flxod Assets 197,180 31,552 228,732 158.873 158,873 197.180 31,552 158,873 387,605 R•8trfctsd fund• NPTCBC Communlty Transport Third Sector Core Grant C8lUc Enargy Community Fund NPTCBC Chlldren and Famlly NPTCBC RDP UAVCT Green ProJg¢t Natlonal Lottery Award8 for All NPTCBC Communlty Youth Tralnl WCVA LTDCS Communlty Foundation- Cost of INlng Cost Of Llvlng Grant Eady Yoar9 Capllal Grant Hedl6y Foundation CWWS Voluntary Youth Work Seeior Support Schem Motsblllty Grant Communlty Fddge Youthfést M¢)ondanco Playworks Food Poverty Grant 2024-2025 Hubbub Fund 30.885 7,500 17.716) 750 {23.149) 8250 667 5,8C6 9.470 7.500 927 2,180 3,750 3.699 20,000 3.000 <6.806) <2,388) (7,500) {927) (2.1801 (3,750) (3,899) 20,000 {3,000) (7.102) (40,000) 2,483 185,425 5.000 1,000 {2.4831 (18.669) 1255) (25) 16.179 4,417 7,315 7,977 188,622) 78,134 4.745 975 16,179 4,417 7.316 7.977 288,605 (1,073) (158,8731 128,659 TOTAL FUND3 485.785 30,479 516,264 Page 13 continued...
CANOLFAN MAERDY NOTES TO THE FINANCIAL 8TATEMEiif8 - contlnued FOR THE YEAR ENDED 310ECEMBER 2024 15. IAOVEMENT IN FUNDS . conllnu Nél M0ment In fvnd8, induded in the above are as folknvs: Incoming reBoufc85 Resources expendgd Movemont In funds Unrostrfctad fund8 General fvnd 378,128 1346.574} 31.552 RtrfCtsd fvnd8 Food Povety Grant 2023-2024 NPTCBC Community Transport Third Soctor Core Grant Certic Energy Communlty Fund Mllk Grant NPTCBC Chlldren Bnd Famlly NPTCBC RDP UAVCT Groon Project Nattonal Lottgry Awards ftjr Al Ac8s Grant NPTCBC commun Youth Tralnlng WCVA LTDCS Community Foundatlon . Co•t of livlNJ Cost Of Llvlng Grant Chlldcare & Play Sustalnoblllty Grant Eafly Y8aTB Capltal Grant Hedley Foundation CWVYS Voluntsry Youth Work Sector Support S¢heme Molablllty Grant Community Frfdge Youthf8St ServiL%8 Support Grant Herltago Fund Grant Warm Welcome Spaces Chlldren In N88d Moondance Mynydd Y B6tW8 Communty Wlnd Fami Fw Nwrish Th8 Nallon Grant NPT Food Partnershlp Nolwork For 5oGlal Change Charftablo Tru51 Grant Playworks WWF Cymru CommunKy Grant CNldcar& Transition Gr8nt Fn9 Start Expanslon Grant Focé Povety Grant 2024-2025 Hubbub Fund Shared Prosperfty Fund 8,935 18.935) (7,718) 132,250) {3,4351 (763) {5,806) 12,368) (7,500) (3.373) {9271 {12,176} {3,750) 18.699) 12,000> 17.716) 750 667 33,000 4,102 763 {5.806) {2,368) {7.500) 3,373 1927) (2,1801 (3.750) (3.699) 9,998 5.OCO 2.000 20,000 20,000 (3,(xI} {3.000) 12,483) {83,T16) (5.255) (1.0001 (31,4651 {3.639) {2.110) 124.190) 11.997) {2.483) (18,669) {255) {25) 65,107 5.000 975 31.465 3,839 2.110 24,190 18.176 16,179 3,435 10,000 4,200 (3.4351 (10.0001 (4,200) 6.552 14,965 1,000 11.000 10,250 7,493 11,000 67,041 {6,552) 110,5481 11.0001 (11,0001 (10.250) 1178) (3,023) {67,041) 4,417 7,315 384,767 1385,840) 11.073) TOTAL FUNDS 762,893 (732.4141 30,479 Page 14 (x)nlinued...
CANOLFAN MAERDY NOTES TO THe NNANCIAL 8TATEMENTS- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2024 15. MOVEMETrif IN FUNDS- ¢ontlnuod Comparatlv•s for movement in funds Net rnovem8nl in fundg At1.1.23 31.12.23 Unrnstrl¢ted funds Goneral fund 223,240 (26,060) 197,180 Restrf¢t•d funds GCGCC East pit Communlty Benefit Fund NPTCBC Communlty Tronsport Third Sector Core Grant Celtic En8rgy Communty Fund NPTCBC Chlldren and Famity NPTCBC RDP UAVCT Greon Project CTA Household Support Fund NaOnal Lottery AYRrds for Al NPTCBC Communlty Youth Tralnlng East Ph Llai8on Commltta8 Communlty Benofft fund NPTCBC Food Poverty Warm Hub WCVA LTDCS Communlty Foundatlon - Co81 of Ilvbng C08t Of Llvlng Grant Ejdy Y88rs Capltal Grant Hedley Foundatlon CWVYS Voluntary Youth Work PJaCtor Support Scheme Motsbllrty Grant Communlty Ffldgo Youthfosl 4.500 41,152 7,129 10,000 14,500) (10,288) 371 <10.000) 5,806 (3,157) (7,750) 7.500 927 7,500 12.627 7,750 9.470 7,500 927 880 2.303 39.982 {880) 12,303) (37,802) 3.750 3.699 20.000 3,000 2.180 3,750 3,699 20,000 2,484 185,426 5.000 1.000 2,484 185,425 5,000 1,000 126.323 162.282 288.605 TOTAL FUNDS 349,563 136,222 485,785 Page 15 (¥Jnlinued...
CANOLFAJI MAERDY NOTES TO THE FINANCIAL STATEMENTS- ¢onUnu¢d FOR THE YEAR ENDED 31 DECEMBER 2024 15. MOVEMENT IN FUNDS . continu8d c7parative net movémènt in funds. tnduded In Ihe are as fol¢)w8: IncoTnlng resour8 Resources expend8d Movoment in furMIs Unr•strictod fvnds Goneral fund 372,004 (398,084 126.060) R•strlct•d funds GCGCC East Pit Re$0 Communlty Ben8fft Fund NPTCBC Community Transport Thlrd Sector Core Grant Celtic En8w Communty Fund NPTCBC Children and F8rn1ty NPTCBC RDP UAVCT Green Project CTA Housèhold Support Fund Reslllent Green Spaces Food c(0p Nallonal Lottery Awards forAI Aces Grant NPTCBC Communlty Youth Tralnlng East Plt Llaison Commlttee Communlty B9n8fft fund NPTCBC Food Povety Warm Hub WCVA LTDCS WG NPTCBC Chlldcare and Earfy Year8 Communlty Foundadon - Cost of Ilvlng Cost Of Llvlng Grant Chlldcare & Play Sustalnablllty Grant Early Years Capltal Grant H•dley Foundation CWVYS Voluntary Youth Work Sector Support Scheme MotabllNy Grant Communlty Frldge Youthf&st Bus SeTrlces Support Grant 14.500} (10,288) (29.629) (10.000) (8.791) {3,157) {7.750) 16.342) 12.500 > 118.094) (3.813) 14,500) (10.288) 371 {10.t)00} 30.000 14,597 (3,157) 17,750) 6.342 10,000 18.094 4,740 927 (880) 12,303) <37,802) 120,000) (1.250) (3,442) {2.000) {880) (2.303) (37.802) 20,000 5,000 7.141 2,000 20,000 3,000 3.750 3.899 20,000 3,000 7.500 193,479 5,000 1,000 22,170 15.016) (8.054) 185,425 5,0(K) 1.OLW) (22.170) 370,063 {207.781) 162,282 TOTAL FUND8 742,067 1605,845) 136.222 Page 16 lntinued...
CANOLFAN MAERDY NOTES TO THE FINANCIAL STATEMENTS- conllnu•d FOR THE YEAR ENDED 31 DECEMBER 2024 15. MOVEMENT IN FUNDS- ¢ontlnuod A current y88r 12 months arKI pmr year 12 months rnbmed posltb)n 18 86 fdlth¥s.' Transfers between fvnds At 1.1.23 in fimds 31.12.24 unro5trlct fund• Goneral furKI 223,240 5.492 228,732 158.873 158,873 223,240 5,492 158.873 387,605 R•strl¢tod fund$ GCGCC East Pil RevS8ed Communlty Benefft Fund NPTCBC Communlty Tran8Wrt Thlrd Sedor Core Grant Celtic Energy Communty Fund NPTCBC RDP UAVCT Gr88n Project CTA HS0h01d Support Fund East Plt Llolson Commliiee comffnIty Benefft fund NPTCBC Food Povety Warm H WCVA LTDCS Earfy Yeats Caplkl Grant CWVYS Voluntary Youth Work Soctor Support Scheme Motabllity Grant Corrthunlty Frldg Youthfesl Moond8n( PlalkS Food Poverty Grnnt 20242025 Hubbub Furrfj 400 41.152 7,129 10,000 12.627 7.750 (4,500) (18,¢X)4) 1,121 {9.333) 15.5251 (7.750} (23.149> {1) &250 (7.102) (880) (2.303) {39.982) 40,000 39,982 (40.000) 166,756 4,745 975 18,179 4,417 7,315 7,9TI {88.622) 78.134 4,745 975 16.179 4.417 7,315 7.977 126.323 161,209 (158,873) 128.859 TOTAL FUNDS 349.583 186,701 516.264 Page 17 continued...
CANOLFAN MAERDY NOTES TO THE FINANCIAL STATEMEwfs- conllnuod FOR THE YEAR ENDED 31 DECEMBER 2024 15. MOVEMENT IN FUNDS- contlnuod A current yoar 12 months and prior year 12 months combln8d n8t m¢Mmont in funds, InCded in the abovè are as follows: Incoming résources Resources expended Movement In fiJnd8 Unrostrlctad ftind• General fund 750,130 1744.838) 5,492 RMtrl¢tsd funds GCGCC East Pit RSed Cornmunty Benefft Fund Food Povgrty Grant 2023-2024 NPTCBC Communty Transport Thlrd S8Ctor Cor8 Gr8nt Celtic Energy Communmy Fund Mllk Grant NPTCBC Chlldr8n and Faml NPTCBC RDP UAVCT Green pro CTA Household Support Fund Resillent Green Spaces Food Cmp Nallonal Lottery Awards for Al A¢88 Grant NFfcBC CommunNy Youth Tralnlng East Ph Lial8on Commlttee Communlty Benefft fund NPTCBC F¢)od Povety Wam) Hub VVCVA LTDCS WG NPTCBC Chlldcar8 and Earty Year8 Cornmunlty FoUndaon - Cost of Ilvlng Cost Of Llvlng Grant Chlldcaro & Play Sustalnablllty Gr8nt Earfy Year8 Capltal Grant Hedl•y Foundadon CWVYS Voluntsry Youth Work Soctor Support Sch8m6 Motsbility Grant Communlty Frfdge YoLrthf8St Bus SeNlces Support Grant Herftage Fund Grant Wam Welcome Spaces Children In Need Moondance Mynydd Y Cgmmunlty Wind Fam) Fund Nouri8h The Natlon Grant NPT Food Partnershlp Netwod( For Soclal Change Charftable Trust Grant Playworks F Cymru Communty Grant CNldcare Transition Grant FlwrvJ Start Expanslon Grant Food Povety Granl 2024-2025 Hubbub Fund Shared Prosperity Fund (4,5001 (8.9351 118.004 > (61.8791 (13,435) {763) (14.597) 15,525) 17.750) {6.342) (10.000) (21.467) 14,740) (4,500} 8,935 118.004) 1,121 (9.333) 63,000 4,102 763 14,597 (5,525) 17.750) 6,342 10.000 21.467 4,740 (880) 12,303) (49.978) (20.000) 15,000) {12,141) 14,000) (880) {2.303) (39,982) 9.998 20,000 5.000 12,141 4.000 40,000 3.000 40.000 13,000) 7,500 258,586 10,000 1.B75 63.635 3.639 2.110 24.190 18,178 17,499) {91.830) 15,255) (1,000) (53.635) (3,639) 12,110) {24,190) 11,997) 166.756 4,745 975 16.179 3.436 10,000 4.200 13,435) {10.000) 14,200) 6.552 14,965 1.000 11,000 10,250 7.493 11,000 67,041 16,552) (10.548) 11,000) (11,000) (10,250) (178) 13.023) (67.041) 4.417 7.315 7,977 754,830 (593,621) 161,209 TOTAL FUND5 1.504.960 {1.338,259) 166,701 NATURE AND PURPOSE OF FUNDS Ggneral Unr88tricted fvnds are funds that are availablo for use at the tru8t885' di8cr8lon In furtherartt of the 014edves of the charity. Page 18 i*)ntinued...
CANOLFAN MAERDY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 1& MOVEMEKf IN FUNDS- contlnuad Desbnated Flxed Agset8 (Unre8trtd8d) ar8 funds vthich have been used for Ihe Purpo of pur&Ing captsl fLxed assets and have been grouped Into Ihis (atsgory as the ctynal furnllng has begn re¢elved and ulilised In full for this purFose.£158.872 of funds hav8 be transferred and Consdidated in ts D8slgnat&J Fund in thls Resldctod Funds Tho purpose of the r88trttsd fund$ are detallad below. NPT Food Partner8hlp - To Improve our growlry ablltles In Ihe Communlty Garden Fo¢xl Povthty Grnnt 202&2024- To assist wlth kllchen equnI & grn equlpment to set up a Wami Hub 81 SeNlces Support Grant- To as618t with C¢)rnmunlty Transport and launch of our Dlal A Ride 8ervlc8 Chltdcare Tran8ition Grant - To Support wlth staff wag&8 and tr8ln5ry COBts for ourALN provlslon In the Nursery. Ftylng Start Expansion Grant- To contrAyJie tOW8rds (x)sts of provldlng caro for addl1181 Ffyrfng Start chltdren. Networf( Fcf Sodal Change Charftablo Trult Grant- To Introduce Irrfgalon 8Wem for thé Commuw Garden Herttogg Fund Gr4nt - To support a youth project foc4Ang on coal rIta90 in tho local communlty Chldren In N8od- To a8818t with malntalnlng a youth rya Mynydd Y Bth? Cornrnunlty Wind Farm Fund- To support the launch of the DIBI A Rlde Bervlco Certk Energy Communlty Fund- To support the18uneh of tha Dlal A Rldo gepAce WWF Cymru Cijmmunty Grant - To support wlth equlpmont for tho Communlty Garden & contribuie toward8 costs of the Open t)ay Ac88 grant- To gupport & actlvltl68 for Mawdy Youth Nourfsh The Natlon Grant - To o8618t wag&8 CX)8ts for the kltchen $taff and establl8h A breakfast 8cheme d m&al Voucor 8chom8 Thlrd Sector Core Grant- To as$ht 7hlth the overall runnlng costs of the org#ni8allc Wami Welcome Spa¢88- To assht Tunnlrvj costs of tho Warm Hub Chlklcare & Play Sustalnabllty Grant- To 8UPPOrt wlth Nursery stsff wageB Earty Ye8r8 Cap5tal Grant- To wrch88e a hybrfd vehlth forth6 Nursery Hubbub Fund- To assl3t wlth runnlNJ for Food SeNlces projects Cost Of Li¥ino Grant- To asslst vlth Nnnlng costs of exp8JIng th6 Food Hub Pla8. Salary support, aotlvlkn Énd èvonts for Lots of Tots and Maerdy Youth YoLilhfè8t - To fund tho annu81 YouilhFe8t fe8tfval- (x)ntractors, suppl165. otc Fwd Povety Grant 2024-2025- To swlement wages and UFsrade our kllchen equlpment & Ilttlngs MoorKlanc¢ - To assist wbth Baknynrainlng costsloverhead8 for the Cornmunity Garden Hubbub Fund - To fuThJ Communlty GardenlFood Hub costs TrArfer8 belween fuNI8 During th8 year the charity has transferred unreBtricted funds to various r8Strict8d fvnd$ for malched funding. Page 19 ntinued...
CANOLFAN MAERDY NOTES TO THE FINANCIAL STATEMEKf8 - ¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2024 15. MOVEMENT IN FUNDS - corrtlnu•d FuThls relatlng to the purchase of fixad as88ts hav• b8én tr8n8ferred to unrestricted funds when the ndIon$ of funding have been met. Trdnsfers have b88n made from gen8rn1 furnl to rostri*d fvnds to WV9r shortfa115 In fundlng as requlred. RELATED PARTY DISCLOSURES There wern ralatad party transactiorfj forthe swr ended 31 00mber 2024. Pagè 20
CANOLFAN MAERDY DEfAILED STATEMENT OF FINANCIAL ACTivrrE8 FOR THE YEAR ENDED 31 DECEMBER 2024 2024 20rJ INCOME AND ENDOWMENTS Donatlon8 andlogacios Donations 4,437 3.518 Othortradlng actlvltl•s FdraIln9 events 1,578 397 Charftablo actmtl Child care Room rentsl )ma Cafe Income Communlty transwt incom8 202,694 780 17.003 12.302 384,767 136,075 211,811 19.084 8.412 370,063 125,501 Flylng start In¢0 753,621 735.271 Othor In¢orn• Sundry Ineoma 3,257 2.881 Total Incèmlng rn•our¢ 762.893 742,067 EXPENDMIRE Othortradlng 4Ctlvltl•• Bad debts 2,383 827 Ch•rltabl• •ctlvhlo• Wages Soclal seuJrlty Pan$lons Ra1•8 end wator Ught and heat Tel&phce Postsg8 and &tafjonery ertlsing Sundrfes Food for warm hublCafelNursery Repalr5 and renowals Cleanlng and waste dlsP0881 Actlvltles and con8um8ble8 Subs¢tlpllon Payroll COBts Insurance 488.716 26,289 8.431 1.508 19.940 3,287 4,078 399.186 20,547 7,370 1,442 19.103 10.576 4.175 1.119 5.301 31,177 11.958 6.603 33.074 976 1,546 5,907 2.793 6.211 1.400 41.083 6,165 5.750 33216 2.068 5,458 1,617 2,882 9,025 3,189 25,835 Travel exp8nses Profession81 fe88 Depn of fixtures arKI ffttlngs Motor vehide8 Computer equlpment 4.252 15,845 6,655 699.913 595.796 Slaff trdining Pest Contrd Carrled forward 8,783 360 9,143 1.754 This p8g8 does not forni part ofthe statutory financial statements Page 21
CANOLFAN MAERDY DETAILED STATEhlENT (kt FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 othor Brought fcThMrd Vohlda fuel Motor Ilcances and Insurance Motor repairs and servicing Bank diar 9.143 3.278 4,744 9,848 55 1.754 1,135 1,982 1,370 71 27,068 6,312 Support eo$ts Support ¢081• Ac(%)untarKy fee8 3,050 2,910 Total rosourcos oxpended 732,414 605.845 N•t Ineoffl• 30,479 136.222 This page iknes not form part of the Btatutory financial statemants Page 22