Charity rogistratlon number 1142855
Company reglstratlon n￿mber 71814361England and Walm)
GLYNCOCH COMMUNITY REGENERATION LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

GLYNCOCH COMMUNITY REGENERATION LTD
CONTENTS
Page
Chairman's statement
Trustees, report
2-10
Independent examinerfs report
11
Statement of finanrAal actIv￿e8
12
Balance sheet
13
Notes to the financial statements
14-26

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
O￿Alm.. For Glync¢xh and 8ufTounding areas to be a prosperous Cajnmunily a strong, $ugtainabl8 local
economy and strong link8 and access to the wder economy.
KeyATras of Work."
To support Ioc81 pw19 to incTrase hous8hold incon7e through access to tTr￿Ing. c8reer bu&nes8 and
job se8￿h suP￿rt as well as through access to beneffts advKe.
To facilitate Investn￿￿t the communrfy Ihmugh grants. fvndrnlslng 8nd ¥vothg with Ser￿ pmvid8rs
lo taRorth&irprDgTrmmas to m6et t1￿ n8e(Js of the cofftmunty.
To help develop sw'al erterpnses which wtll cTr8te jobs and m8xrn8 thg impact of investment In oui
communty 8nd ullimatety en8ble us to Cany out ourwoth wfthotstbelnggr8nt depond8nl.
e￿￿1￿. To supp)rt Glyncpjch to enjoy a pleasant environment and becom8 mexg r8silwrt to the negatr've
Imp8cts of cllm8te chenge and ri8ing energy prlce8.
KeyAre8s of Wo￿."
To dgvolop and maintain high qualty o)mmunify spac&s.
To facilitate in7pmvements to urtjan environment.
To develop food gmwing space.
To pn)tgGI 8nd enhance natuTrlhabrfgts.
Publlc bgnofit
The trusteey have paid due regard to guidance issued by the Charity Commission in d￿ldIng ￿et activites the
tharfty 8houd undertake.
The trustees have paid due regard lo guidance issued by the Charity Commission in declding what 8CtMtI68 the
charity should undertake.
Achlevomer4ts and perFornianc•
The organls8lions main 8dlvthes for the reportlng period have focused on the provision of..
A ccthmunity centre
Delivering work dubs online. via telephone and fark to fare
Youth Provision for young people
Educational ACt￿tieS online and face to face
Health & wellbèing XtNitie8 including ctokin9 das8es
Food Panty
Criws Support
Room during winter months
A Communrty survey
Achlevements In the Communlty and Gurroundlng areas In meetlng the charfiy objects
Soclal
63 young people attended the youth club sessions in the centre for th& lasl 9 sessions betr￿n Awil-
June 2022 when the The Nat￿nal Lottery Funding ended.
Heaf(h & Wellbeing activities such as Jumpfit Sessions for adums have been delivered.
16 volunteers throughout th8 year who supported finance, the neighl)ourfy scheme, youth sesslorts and
the panty. Total 1,05S hra.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT}
FOR THE YEAR ENDED 31 MARCH 2023
Econornl
Work Clubs
This year the delivery ol wothelub has been a mixture of remote and face-tckface sessions. There were
364 remotg sessSonB king delivered during the year. Face-lo-face sessions were I￿ld in Glyncoch
Community Centre, Rhydyfelin library. Pontyclun Library. which was replaced Uanth'sant Job
Centre, and an addits.onal session frcm September 2022 in PctyprKld Job Centre. There were 152 f4c•-
to-face se881on8 durtng the year.
This was ￿rgelY successful and we worked with a lolal of 371 parficipants induding 348 naw
P8rb'apants throughout the year during 506 work club sessi￿8. Despite thè upheaval of the pandemle
and the resuhing restrICt￿)n3. we managed to record 11 job OLrtcomes in ts year arKI 175 referrals Io
other services.
Al the beginning of the year the organisation employed 4 membgrs of staff for the Cornmunities for Work
+ project in April 2022, wrth luTh￿ing from the Lgggcy Fund from the Welsh Government commlssloned
by RCTCBC to delNer and support the workdubs across th8 Tafand GlynGo¢hffnysybwl area.
organisalion also employs a part time Youth Support Sessional Worker funded by the National
Lottery Award for All Community Fund", a claanar paid through Legacy Fund and Gtyrtod) Community
Centre., and a part-time caretaker paid by ￿MmUnItY cenlre. The fundirbg for the Youth Support
Sessional Worker stopped at the end of June and sadly tho member of 8taff was made r8dund8nt mld
July 2022
Envlfonm8ntsV 8U8t8inabilty
Glyncoch Communlty Pantry
Since December 2020 we have been running a food pantry addresslng food poverty and food waste. Our panty
has th& following tharacterb¥ti¢s'.
1. It is a membership scheme where registered members make a small weekly o)ntribution (£418nd
th¢￿$? food from the stock held. W8 are open one afternoon a week
2. To avoid any sbgma no 'me8n>tesl' Is applled. We are a dub cpen to all vtho live in Glyncoch and the
surrounding area.
3. The stock 18 mo8￿Y SOUTced from the chaiity F8reShare Cymru. whlch has access to surplus fcod from
supemiarket warehouses. We supplement this with food purchased using members contributions.
4. The scheme is run by volunteers dr8wn from the membership with the support of GCR.
5. The scheme is financ4ally self-8U81aining, the running costs 8re met Ihrixjgh thè memters. tsJnlribthion¥.
The main outwings are the fees charged by Fareshare CyTnru.
6. The food distributèd includes dry food, lins, fresh trurt and vegetobles, chS11gd aTrJ frozen.
7. A poirts system is used to ensure fair distribution of the availabl8 food. Most il8m$ arg assigngd 1 poinL
Typically members are given a limit of 12-14 points per week.
8. Fresh fruit and vegetable8 do not ccrfjnt towards this points limit- thi8 helps inttease Ihe proporbon tsf
healthy food collected by member8.
The stheme has grown mosuy ihrough word of mouth. It has also bg8n ath8rtiS8d through soaal medkg, posters
in shops and through the local primary schools. The neèd for the project has Inten￿lled wllh the ongolrKJ costrf)f-
living inue8ses. Feedback from members has been very positive.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES. REPORT <CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
Here are some of our athievements during this financial y&¥.
1. 163 hoLkgeholds are registered as membgrs.
2. On average 32 members attended the sessions each week in March 2023. Over the last 2 mrA)ts 85
households have benefited frorn the Panty- 138 adults and 72 children.
3. The scheme is meeting its running costs. We were grateful to receive £1,000 in grants from RCTrrrfvallls
lo provide additional food.
4. Atotal of 10,gODkg of food has been diStribu￿d this y8ar.
5. Members havtr ￿￿1Ved ab¢ut 9kg of food at each visit signrfKantly redwing their food bill for Ihe week.
8. We n[Y￿ serve coffee arxl cake during s￿IDn5, giving members a valuable opporlunity for sooal
Inlefaction.
We continue to involve mèmbern in the derisKJTrmaking on project to ensure that il is rgsponwve lo the
needs and to ensure that they have a real sense of ownbng the pro1￿1. AS numbers are now too large to ¢anvas
every member. we have set up a representative commrttee elected ty the the memters. They meet atoul 4
times per year io revlew progress and make p18ns for the next perS0d.
Total Volunteers 12. totsl volw)teerlng hours- 863 hours be￿een 1st Aprll 2022- 31st Marth 2023.
Kry sourc08 of fundlng
A great deal has been achieved in Glyncoch over the last year. For the reF<)rting peTi&J, funding ￿ve15 are as
follows:
We have been commissioned lo deliver a third year of workclubs for RCTCBC. fvnded by the Legacy
Fundthrough a service level agreement to the valu9 of £127,985 of which we spent £127,985.
National Lottery Community Fund- Awards for AJI funding for Glyncoch Youth Club- £1,344 (of £6,720
March 2021- June 20221
Interfink G￿rVo1 Fund £500 for the ycKrth to make plants In Intergeneralonal project rèteived 6 Februory
2020 Iproject currenlty on hold due lo cov1￿191. We are 51111 holding this money.
Monmouthshire Building Sooety £383 to help us purchase shelving for the food pantry riems.
Marks & Spencers G￿ng Grant via Neighboudy Seheme, £1,000 toward$ running cost$.
Arr￿Id Clark Communty Fund £1,500 whith was granted 28 March 2022, carried forward and utilised in
tre 2022-23 finandal year
RCTCBC The Wnter Hardship Fund £2,000 to enable centre to open as warm room for loc41 pecple,
provide hot drinks and food. purchasing waTm room Supplies such aB socks, hats, glov9$, thomial
beakers. hand wamers. etc to help keep those who attend wam.
UK Govemment via RCTCBC Sh8red Prosperity Fund £1,683 to provide cooking da88es and undwtake
communlty suryey for the organisation.
Orynisational Developmènt Achlevements
Very tsjmmitted staff working hard to help people bring atoul d)ange.
Ccfitinued partnernhip with various departments from RCTCBC, Interfink, Department of Work and
Pensions (DWPI, Camau Cyntaf running Gruffalo's Den, Lldl Nelghbourly Scheme, Tru8sell Twst -
Pc¥itypiidd Food Bank.
. Successful management of Gtynccch Community Centre.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES, REPORT (CONTINUEDI(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
Flnancial revlew
The chaiity recorded an unreslricted surplus for the year of £12712022.. Sur￿￿% of £1,329}.
Tha chadly's total unr89tMcted reserves are £80.519 (2022.. £80.3921. of vthich £36,343 12022.. £36.833} has
been destgnated. Free reserves at th8 year-end totslled £44,176 {2022.' £43.5591. are satisfied that Ihe free
reseNes are sufficient to mitigate against risks identrfied, The Trustees will reviow the levgl of rgsorves held by
the charity al least every 6 month8 and lake appropriate actions to increase or decrease these reserves towards
the target level indicated above.
The charity has restricted reserves of £612,413 {2022'. £674,482) of which £607,07512022: £669,623) relates to
the building of the Phase 1 and Phase 2 of th& Community Centra and funding r8ceiv8d in advance or unsp8nt at
the yeaF-8nd £5,338 (2022: £4.859).
Reserves pollcy
One of the key roles of any charity 18 to ensure there is e￿)Ugh money lo sustain the organisat￿n and cover any
foreseeable costs. It is the ambition of the organisation to 8nsure there are adequate fvnds within our reserves
to cover unfoieseenlsLKlden dosure.
This policy refi8ds the realism of the organisation with rogards to reserves and sets out h¢JW il will manage the
organisation and reserves to ensure good govemance and risk monagement. The Reserves policy has b
revi8wed this year.
There arg forms of roserve$- restrKtgd and unrgstn'ctgd.
RestrlGt•d reserves
£612.413- thi$ 1$ kyimarily Glyn¢c¢h Community Centro.
Unrg8trict•d royorvg5
£80,519 as of March 2023.
We aim to hold en¢Jugh reserves to mrtigate against the followng costs..
1. UnF4anned repairs neèded on the Communty Centre- £12.000
2. L05s of regular rentsl inctme for Community Centre- £4,000
3. Cost of winding up Communiti8s For Woik + progiamrne- £16,000
We wll aim to hokl £32.000 of unrestrlcted re8eNes to allow lor these costs. Other r18ks were analysed tr
wcwld be mitigated against by holding this level of reser¥e8.
Some of these reserves wll be held in an irrterest bearing savings account.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 MARCH 2023
stfucturei governance and management
For the r8portlng perlod the organ18atlon has been managed by th8 Communll88 for Work + Lead Oftker Cheryl
Davies who reports directly to ihe Board of DIrectors￿rustees. Throughout 2021- 2022 work on ensuring tha
Charrty remains vtablè during the COVltk19 Pandemic has proved ¢thallenging. with activities cancelled for
perfod8 of tome and Ilmfted oprK)rtunrtie8 to start new projects and funding r8i8irvJ 8Ctivitte8 belng extremely
dIffi￿lt. We h8ve continued to provide 8ervice8 in a éfftrent Way to delweT on the wsion and gods of the
0r9an18atlc￿. It18 hoped that 2022-23 financial year will bring opportUn￿e$ for growlh and a more sustainable
Service for ¢X)mmunity. whilst balanung the rise in the cost of living and increased energy prices.
Governlng Document
Glyncoch Communty R•goneration Llmltsd govémlng document 1$ ts Mgmorandum and Artld•8 0fA￿0datIQn
set out at incorporation on 8 Marth 2010 and amended June 2011.
Appolrthent of Dlrectors l Trustees
Set ￿￿1 in paragraphs 31- 35 ofthe Memoranthjm andArtl¢les ofAsscd*ion.
There wgrg no ¢hange$ during tho finan￿81 y88r.
De¢islon maklng
During the reporling period, all decisions vrfere made by the ￿ard. Delegated responsibllity b gr**n to the 8enlor
employee- Cheryl Davies who is funded by the Communities For Work + Prc9ramme.
Partne
Glyncoch Communty R8g6neration Ltd. works dosely wlih its Parbws to facilitate and d￿￿er on 118 Vi81c
through the provision of support for leamlng and employabilty 8kllls. Together we consull wlth the wider
community and undertake a partnership approach to the regeneratKin of the area. A list of key parfners are Ilsted
In the Chalrnan's Ststement.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
Reference And Admlnlstratfve Detal
Name: Glyncoth Community Regenernlon
Charlty Number: 1142855
Company Number: 7181436
RegIste￿d Offlce: GlynC￿h Community Regeneratlon Ltrl. Glyncoch Communlty Centre. Clydxh Close,
Glyncoch. PC￿typrfjdd. Rhondda Cynon Taff. CF37 3DA.
Dlrectors l Trust••s:
A tN)ard of directors I trustees glve overall strategic direction to the organisation. Board members see themse
as being ultimately accountsble to the ￿der ¢ommunity and ore developing a ¢ommunity'membership SGheme'.
Conwlting with the widor ¢ommunity and creating opportunitie5 for all ages to play ? role in wmmun
90vemance which 15 integral to the ethos of th8 organisation.
Who Arn Wg?
Chair.. David Davies
A resldenl of ne8￿Y Pontypridd with ts¥o children educated loc81ty and fifteen ye8rs experience as head teacher
at Cefn Primary School in Glyntsxh. managing a budget of £750.000 and 24 staff. A strong personal commitment
to the wellbeing of chiklren and communty development has led lo the role of chair of a f0518r pan61. extsn$fve
involvement In the YMCA movement, Involvement In Glyncoch Communltles Flrst ￿nce Inception.
Company Secretary: Lyndon Bengough
Lyndon hos been actively involved in Glyn¢och for over 20 yews. He has had extensive involvemwrt in
Communrties First for the last 8 years 8$ vice ehair and chair of the partnership. With over ￿nty yoars
experienGe as a board member of wnrnunty org8nisplion5 he has experience of running a suGcessfvJl business
?nd employing local people. LyrKlon is also an eleded member of Ponlyw￿d Town Cwncil.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPOR
FOR THE YEAR ENDED 31 MARCH 2023
Board Member. Area of ResponsI￿lIty.. Put41c Relallons
Councillor D￿g Wlliams
Twelve years experlence as electe(I member, 35 yfraTS experience as secretary of local RAOB #nd over 30 years
exper￿nce at senior rnanagement level in both the private sector and local govemmant. kn adive communrty
advocate has been instrumgntsl in tho development of Ihg now Communty Centre.
Board Member.. Neil Llewellyn
Born and bred in Glyncoch Neil has a￿ayS been a huge supporter of communty proleGts. He became a member
of Pontypridd Town CDuncil representing Glyncoch last year and was inv'rted to join the regenerallon committee
thls year. He has worked as a care worker for 8 years and wag an assistant manager in an assisted Iwlng
propety managing 10 stsff. He n¢)w manages his wife's pub, line managing a team of five staff. The pub is
hea￿lY Involved in events lor its local communty Ilhe Graig), including running charfty event$ and day trips for
both 8dults and chlldren. They also host pa￿e8 for Chrfstmas , Halloweon and Easter for the thIld￿n. They also
host the Graig Senior football team, Ciltynydd Senior Football team, all playing out of the pub as ￿11 as a junior
secth)n wNch 8tarted last season.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
Board Member: Arga of Responsiblity: Finawal Management IICT
Keith Lthvis
A local community activlst who Ilvgs In Glyncoch wlth wlfe Susanne. H8 has registered and operated his ON
ompany as a solNvare consultant. As well as bging employed part timo as a comput8r programm8T arKI
member of a k)c81 church.
H8 18 a fwnder member and trustee of another local charity- PONT- whth Pontypridd with a region of
Uganda. Hg has b8en particulady Involved in finance and regulatory aspects of running this charity and is keen to
$09 how th918swn$19grnt from running ￿mmunty devekJpm8nt projects in Africa with PONT might be ap￿led
to making a difference here in Glyncoch.
Key Managgm•n¢ Personn•l
Cheryl Davies- Lead Officer
Angela Cook- Finance Officer
Indep•ndent Examlnors
A2ets Audit Servitss, Ty Den￿, Llme Treè Court, Cardrrt Gate P4Js5ness Park, Cardlff. CF23 8A8.
The tfUStee8' report wa8 approved by the Board of TTU8tee8.
Lyndo
Dat•d. .Z(a...-.A.?.-..?
10-

GLYNCOCH COMMUNITY REGENERATION LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GLYNCOCH COMMUNITY REGENERATION LTD
I report to the Irusloes M my examination of the flnandal statements of Glyncoch Communlty Rege￿ration
Ltd (the charity) for the year ended 31 March 2023.
Ro$Pon$lbllltb$ and basls of roport
As the trustees of the charlty {and also its directors for the purpose8 of company law) you are responwblo for
th& pieparation of the financiol statements in ￿COrdanCe wlth the requlremants of the Companies Act 20C
(the 2006Act).
HavlrvJ satisfled myself that the finandal statements of the d)arty are not required to be a￿lIted under Part 16
of the 2006 Act and are eligible for independent examination, I report In Te5pect of my examination of th8
charity's financl81 stalement5 carrfed out under sedon 145 of the Charltles Act 2011 (the 2011 Act}. In caThwng
out my examination I have fdl¢)wed all the applicable Directions gNen by the Charfty Commlssion under
Sect￿ 145(5)(b) of the 2011 Act.
Indepèndent examlnerfs 8tatsmenl
I have completed my examination. I confirni Ihgt no matters have come to my 8ttentlon in connection wth th8
examlnatlon grving me cause to believe that In any material respect..
aceounting records were not kept in respect of th8 charity a5 requir8d by secticfi 386 of the 2006 Acl; or
the flnanclal statements do r￿l accord ￿th those records., or
the financial statements do not comply vmh thg accountirvJ r￿vIreMents of se¢tion 396 of the 2006 Act
other than any requirement that the awunts give a true and fair view %￿ich is not a matter consid&ed as
part of an independent gxaminab'on- or
the financ481 statements have not been prepared in atLordance the methods and principles of the
Statement of Recommended practi￿ for accounting and reporting by charilles applicable to charitles
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021.
I have no tsjncems and have come a¢ross no olhet matters in conn8ction tmth the examination to ￿lch
attention should be drawn In this report In order lo enable a proper understanding of the financAal statements to
be reached.
ClalroThomp$on FCCA DChA
Azets Audit SeTvices
Ty Derw. Lim& Tree Court
Cardrff Gate Business Park
Cardiff
CF23 8AB
United ￿ngdOrn
Dated..
1-I7-Ioi-3
11-

GLYNCOCH COMMUNITY REGENERATION LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted Restricted
funds
funds
2023
2023
Total
Unre8trfctsd Re•trlcted
funds
funds
2022
2022
T¢)tal
2023
2022
Notè#
ncome from:
Donations and
legacies
Charitable activibes
Other IradNig
octivilies
Investments
59
4,689
135.572
4,748
135.572
3,819
3,619
119.711
119.711
21.916
209
21.916
209
21.846
92
21.846
Total Incomfr
22.184
140,261
162.445
25,557
119,711
145.268
Gharitsble adivities
22,057
202.330
224.387
24.228
185.638
209.886
Net Incomellexp•ndltUTo1
for the yoarl
Net movom8nt In funds
127
162.069)
{61,9421
1.329
185.92n
(84,5981
Fund balances at 1 Aprll
2022
80.392
674.482
754.674
79,063
740,409
819.472
Fund balances at 31
March 2023
80,519
612,413
692,932
80,392
674,482
754,874
The statement of financial activiltas includes all gains and10$sgs r8cognis8d in the year.
AJI income and expenditure deriv? from ¢onlinuing adivities.
The stalernènt of ffinan￿81 activities also ccmklies wllh the requlrements for an income and expendllure 8cts)unt
under the C¢)mpanies Acl 2006.
12-

GLYNCOCH COMMUNITY REGENERATION LTD
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Flxod a*sets
Tanglble assets
Currenl assets
Debtors
Caèh at bank and In hand
12
611.419
674,486
13
14,276
73,736
12,220
73,082
88,012
85,302
Croditots: amounts falling due wlthln
one year
14
{6.Wa91
(4,884)
Net current assets
81,513
80,418
Total aggets less current Ilabllltles
692,932
754,874
Income funds
Restricted hjnds
16
612.413
874,482
Designale¢J funds
General unre8trIcted fund8
17
36,343
44.176
38,833
43.559
80,519
80,392
692.932
754.874
The company is entitled to the exemption from the audit roquirement contsined in SeCt￿)n 477 of the Comp8niesAcl
2006. for the year ended 31 March 2023.
The dirgCtQf8 acknowledge their responsibilf(ies for cOMp￿ng wslh the requirement8 of the Compani8$ kt 2006
with respect lo accounting records and the prepai8th)n of financial statements.
Th8 memters h8ve not required the company io obtain an audit of its financial statements for th& year In queslon
In accordance with section 476.
These finantial 8tstements have baen prepaTed In accordanc8 wAh the provl8lon8 8ppllcable to comp8nies subject
to th8 small companies rogirne.
The finanaal ¥tatemgnts were aDDrovg(I by the Trustees ￿ ..
Davld Dav1￿ - Trn$te•
Company Reglstratlon No. 7181436
13-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting pollcl
Chartty Infomiation
Glyncoth Community Regenergtion Ltd is a priva18 company Imited by guarantee incorpofated ui ErKJland
and th&les. The registered Offi￿ i8 Glyncoch Community Cgntre, Clydxh Close, Glyncoth, Pontyprhjd. Mid
Gl8morg8n. CF37 3DA, United Klngdom.
1.1 AcGountlng conventlon
The financial statefflents have been prepared in ￿cordanCe with the th8rity'8 govemino document, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Praclice
applicable to cha￿tieS preparing their a￿o￿nts in accordance with the Financial Reportillg Stsndard
applicable in Ihe UK and Republic of Ireland IFRS 1021 (effective 1 JanU￿Y 2019)". The charity Is a Publlc
Benefft Entity as defined ty FRS 102.
Th& thaTty has taken advaniage of the provisions in thg SORP for tharities applwng FRS 102 Upd* Bulletln
1 not to prepare a Statement of Cagh Flows.
The ffin8nCtal statements a￿ prepared in sterling, which 15 the fvnctional currency of the chamty. Monetary
amounts in thes¢ finan¢ial ststements are roundgd to t￿ ngar9sI £.
The financial stslements have begn prepared under the historical c¢st convention. The principal acwinting
policies adopted are sel out below.
1.2 Golng concern
At the lime of apprwng the fjn8nci81 statements. the trustees have a reasonable expèctstion that the cherity
has adequate resources to ￿ntInue in operational e￿StenCe for the foreseeable future. Thus the tr￿￿tee9
ntinue to adopt the going corK8rn basis of accounung in preparing tlie fina￿181 slalements.
1.3 chaT￿ble funds
Unreslrfcted funds are avallable for use al the discselion of the Iruste8s in furtherance of thelr chadtabte
objectives.
Designated funds comprise funds which have been set aside al the discretion of the trustees for specific
purposes. The Purposes and use8 of the designated funds are set out in the notes to the financial statements.
Restricted fijnds are subject to specific conditlons by dor￿1$ as to how they may be used. The PU￿ and
usgs ofthe restricted funds are set out in the notes to the ffinancial ststements.
1A In¢om•
Income Is recognlsed when the eharty is legally entitled lo it after any performar¢ce condition8 have bè¢n met,
the 8mounts can be measU￿d reliabty. and it is probable thot income y￿11 bg roceived.
Cash donauons are recognised on r8celpt. Other don8tion8 Are recognised once the ¢harity has begn nolffted
of the donation, unless performance conditions require deferral of the amtsjnt. Income lax recovera￿8 in
rektion to donations received under GiftAid or deeds of covenant 18 recognised at the time of the donation.
value of services provided by vdunteers has not been Included In these accounts.
Income from government grants. ￿ether capltsl, or 'revenue' Is recognlsed when the the ch* IBS
entitlement to the funds, any performance conditions altached to the grants have been t￿t, it is prrJ)gbk that
th8 incom& will be Tec8ived and the amount can be measured relkqbly and not deferred.
Capftal grants are classified in restricted fijnds with depreciation charged against the fund.
14-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
{Continu•d)
Room, venue hire and Consultancy incom8 is indud8 in the accounts when the seNice is provided.
Income from investments18 induded in the accounts then the receipt Is prcbable and the amount receivable
can be measured rellably.
1.6 Expendlture
Expenditure is recognised once there is a legal or constru(*ve obligation to make a paym8nt to a thlrd party, it
is probable that setU8ment will b? required and the amounl of the obligation can be me88ured reliably.
Expenditure on Charitab￿ act￿lt￿9 include5 811 costs relaknng to the furtherance of the charftys objectNes as
staled in the trustees report arKI Ihglr assoclated supwrt cost&
Suk¥)Ort costs have been allo¢ated betsfftn govemance costs and other support. Govem8nce costs
comprise all costs invthng pubtic accountability of th8 charity arKI its compliance with regulation and gcod
practlce.
Support costs include central functlon8 and have been allo¢atsd to aGtivty Gost categorfes on a trA818
consistent the use of resources.
Nettlng off of Income and expendlture
Income and expenditure are slated 9ro8&
1.6 Tanglble flxed assets
Tangible fixed assets are Inltlally measured at C08t and 8ub8equently mea6ured at ￿$t or V￿uat￿jn, net ot
depwiation and any impainnent losses.
Depreciation 18 recognised so as to ￿118 off lh8 Cost or ValUat￿n of assets less their residual values over thgir
Useful lives on the foll￿n9 bases..
Communlty centre
Plant and equipmènt
5% stralght Ilne
25% reduelng balance
The galn or Ios6 arfslng ￿ the dlsposal of an asset is determlned as the dlfference l)etsveen the sale proceeds
and the carrying valwd oflhe asset, and is revJgnised in the staternent of finanoal adivities.
1.7 Impalmiènt of Ilxed ￿8•ts
At each reporting end date, the Charity ravigw$ the ￿rryIng amounts of its tangible assets to detarniing
whether there 1$ any Indi¢21ion that those assets have suffered an impainnent loss. If any such indration
exists, the recoverable amount of the 883et is estimated in ordar to d8t8fmine the extent of the impirm8nt
108s lif any).
1A CaBh Jnd caBh equivalonts
Cash and cash equivalents include cash in hand. deposits held at cam with banks, other short-lem liquid
imiestments wNh orlglnal m8turhles of three months or less. and bank overdrafts. Bank overdrafts are shown
within bcirowings in ￿ryenI liabilities.
15-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
(Contlnuedl
1.9 Flnanelal Instrumènts
The tharity has elected to appty th8 provisions of Sedion 11 'Basic Financ4al Instruments, and Section 12
'Other Financial Instrum8nts15sue5' of FRS 102 to all of its financial instruments.
Financial instrumants are rècognised In thè charfty's balanL* 8heet ￿en the c*arlty becomes paty to Ihg
tractual PTQViSions of fhe instrument.
Financial assets and liabilthes are offset, wllh the net amounts pres8nted in the finawal slatements, when
there 15 a legally enforce8ble right to set off the rttogni8ed amounts and there is an intention to settle on a net
basls or to r881ise the asget and 88tt18 the liablllty slmuttaneously.
3￿1¢ financial Jssets
Basic financial asset5, vthich indude debtor8 and cash and bank balances, are initi'ally measured at
Ir8nsactlon prts Indudlng Iransactlon costs and a￿ subsequently carried al amortised cost usng Ihe effective
interest method unle88 the arrangement constitutes 8 financing transaction, vrfh8re th8 transartion is
meaSu￿d al the present value of the future receipts discounted 01 a markgt rale of Intgr9St. Flnandal a$sgts
classffied as receivable wlthin one year are not aM0￿sed.
Dèrneognition of finènci818ss•ts
Financial assets are derecognised only when the contractual rights to Ihg cash fl¢)ws from tho asset expire or
are settled. c¢ when the charity transfers the financial asset and subslantialty all the risks and rewards of
ownership to anoiher entity, or if some signrficant risks and rewards of ownership are retained bul control ot
the asset has transferred to another paty that is able to $811 the asset in ils entirety to an unrelated thir(I paty.
Basie financlal Ilabilitles
Basic financial liabilities, induding creditors and bank loan5 are initially recognised Bt transaction price unl8SS
Ihe arrangement ￿nStitUteS a finanang Iransacllon, where the debt instrument 15 measured at the present
value of the future payments discounted at a market rale of interest. Financial liabilitios dassified as payable
within one year are not amortised.
Trade credit￿8 are obl*Jaticfis to pay for goods or services that have been acquired in the ordinary course of
operatknns from suppllers. Amounts payablg are classified as current liabilrtle5 if payment is due within one
year or less. If not, they arg prosentgd a$ non-currgnl liabilits8s. Trade creditors are recognised inrb'aly at
transoclion pri¢e and subsequently measured It amorti$ed cost usbng thè effeclfive Interest method.
Derncognlllon of Ilnanclal Ilabllllles
Financial liabilibe$ are derecognised ￿en the chanty'$ ¢onlr8CtU81 obllgatrons expire c* are dI￿harged or
cancelled.
1.10 Employee benellts
Th8 Cost of any unused holiday enlrtlement is recogni$6d in thè perlod In whkh the emF4oy8e's servic88 a
roceived.
T8nninatlC￿ benefrts are recognised immediately èy an expense when the charfty is demonstrably C£•mmitted
to termlnate the employment of an employee or lo provide temination benefrts.
1.11 Rellrernenl b•n
Payrnents to defined contribution retirement benefit schemes are charged as an exp￿80 as they fall due.
Costs are allccat9d be￿￿en unrgstridgd and rgstricted funds.
18-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng poll¢*s
(Contlnu•d
1.12 Taxatlon
A8 a registered cthsrity, Glynccth Community Regeneration Ltd is entitled to the exemption from taxation
respect of Ineome and capttal galns recelved wlth sectlons 478489 of the corporation Tax Act 2010
se¢lion 256 of ￿ Taxation of Chargeabio Goin$ Act 1992 to extent that these are appligj to its Gharitable
oblects PLsrpowJ only.
crftkal acGountlng estlmates and Judgements
In the application of the tharity's accounting poli¢ies, Ihg trustees are rgquirgd to make judgements, eslima18S
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions gre bosed on historical eXperIen￿ and other fact(￿ that
are considered to b8 relevant. Actu￿ results may differ from these estimates.
The estimatès and underlwng assumplions are rewewed on an ongoing basis. Revisions to accounting
estimates are recogni3ed in Ihe FEriod in ￿lch the estimate is revised wthere the revision affects cnly that
riod. or In tho porlod of tho ra￿￿10n and futuro pèriodB whérè tho rovision affects both current and futw
Feriods.
Donatlom and legacles
Unr88trfctsd R•8trlctod
funds
fvnd8
Totsl Unrnslrl¢ted
nds
2023
2023
2023
2022
Don*ions arKI gits
50
4,689
4,748
3.619
Charitabl• activiti•8
2023
2022
Grants
135,572
119,711
Grants
Restrlctsd grant Income
135,572
119,711
135,572
119.711
17-

GLYNCOCH CO,MMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Other tradlng actlvltles
2023
2022
Venuo hire and rent
Consultancy and other services provided
16,800
5,116
18,970
2,878
Olhertrading athiitigs
21,916
21,846
Investm8nts
Unrestrlcted Unrestrfcted
fvnds
nd$
2023
2022
Interest receivable
209
18-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charfiablo adlvltl•s
2023
2022
Slgff costs
Dgpr8ciatioTr and impainnent
General costs of charitable adv6tle$
InvJJranc8
IT costs
Premises wsts
pfl￿￿n9, postsge and 8tsk)nery
Telephone and intemet
Training and other $taff eosts
103.337
63,037
18,443
3,622
3,316
24,623
1,675
1,243
2,184
1¢￿,929
63,317
11,307
3,248
4,514
19,534
1,164
1,174
2,212
221,480
207,399
Shale of support C06ts (see note 8)
Share of govemance costs (see note 81
$67
2,340
247
2.220
224.387
209.866
Anotysis by fund
Unrestricted funds
Restricted fijnds
22.057
202,330
24,228
185,638
224,387
209,886
SupportC08ts
Support Govérnanc•
costs
costs
2023Support costs Govemanc8
cost8
2022
Bank Charges
567
567
247
247
Independent examinaitc
2,340
2.340
2,220
2,220
567
2,340
2,907
247
2.220
2,487
Analy8ed be￿an
Ch8rrtable activities
567
2,340
2,907
247
2,220
2,467
Included in the independent examiners cost above are £500 {2022: £500} for accountancy servi￿.
19-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Thlgtees
None of the trustees lor any persons connected with them) received any remuneration or benefit5 from the
tharity during the eJJrrent or prior year.
In 2023 ljvo truste8S Were reimbursed gxp8n58S totalling £1,423 for rtems purthased on behalf of the tharity
{2022.' Three truslges were reimbursed £127 for expgnses).
10 Employoos
Th& average monthly numb8r of 8mploye88 during tho year was:
2023
Number
2022
Number
Employment ¢￿ts
2023
2022
Wages and salarles
Social security ¢XJ$ls
Other pension costs
96,881
1,7S8
4,698
94,034
2,328
4,567
103,337
100,929
Key management peygonnel
The key management personnel a8 detsiled in the trustees report received benefits Iconsisling of gross
salary. employers national insurance and emF4oyers pension) totalling £38,58512022'. £37.9031.
Employees eamlng > £60.000
There were no employees durlng the current or previou8 year￿0 fecelvvJ benefits In excw38 of £60.000.
There wore Tr) empl¢)ye8s whose annual remunerati¢)n was more than £60.000.
11 Taxatlon
Tho tharty Is exempt from tsx on Income and gain8 falllng ￿thIn section 50S of the Taxes Act 1988 or sactlon
252 of the Taxa￿onOf Chargeable GalnsAcl 1992 ID the extent that these are applled to ks charttable objects.
-20-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
12 Tanglb1•flX￿ aM•ts
Communlty
Pl•nt •nd
equlpm?nt
Cost
Al 1 April 2022
1.163,459
45,261
1,208,720
At 31 March 2023
1.163.459
45,261
1,208,720
Deproclalion and Impalm)ont
Al 1 April 2022
Depreciation charged in the year
500,333
58,173
33,931
534,264
63,037
At 31 Marth 2023
558.5C6
38.795
597,301
Carrylng amount
Al 31 March 2023
804,953
6,486
611,419
Al 31 Mar¢h 2022
663,126
11,330
674,456
13 Debtor4
2023
2022
Amounts falllng due Ythhln one yur.
Trade debtors
Prepayments and accrued income
13,069
1,207
11,049
1,171
14,276
12,220
14 Cr•dltors: amounts falllng due wlthln one ymr
2023
2022
other tsxation arKI s(Kial secufty
Trade creditors
Otl*r ¢redrtors
Accrual8 and dèferred Income
1,547
1.825
787
2,340
1.274
1,170
220
2,220
8,499
15 Retlrnm•nt benefft schem
D•flned contrlbutlon schemes
The ¢harity operate$ a dèfined contribullon penslon Scheme for all qualifying employees. The asset8 of the
scheme ar8 held separately from th¢)se of the Gharity in an 1ndeperKIent￿ administered fund.
Pension costs lotslled £4,69812022.' £4,￿7). There wer6 amounts outslanding at the year tolalling £822
12022. £2201.
21

rooc
LTJOOO-m￿
1 10000¢
roooov
000
ID
J EESo(n'

Uou ¢)0>

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2023
17 Deslgnaied funds
The income fvnd$ of the ¢harlty indude the foll¢)wing designated funds vthich have been sel aside OLt of
unr8Stricted funds by thè trustees for speafic purposes..
Balance at R880urcw TrnnBf•rn BalarK• at R•50urr•s BalarK• at
1 Aprfl zrJ21 ex￿nd¢d
1 Aprtl 2022
•xp•nd•d 31 Mar¢h 2023
Fixed assets
Planned ￿paIrS fund
Building fund
5.323
2,174
33,000
{4WI
4,833
(4901
4,343
(2,1741
11,IXIOI
32,000
32,000
40,497
(490}
{3,174}
36,833
1490}
38,343
Communty centre- the Community Centre is run as an investment centre wthin the charity. The idea
18 that it generates enough Income to pay for ils running costs such as pur(*asing stock for resale,
covering repairs, maintenance and ullllty bllls and purchasing assets for use by th8 98n8ral public. The
irttjme generated has, so far, ￿Vere(l these outgoing$ and any surplus is carried forward into tho
followng financial year. This fund wa$ released during 2020 and has been re8Slocated to the buildlng
furKI noted below.
Fixed assets
represents the functional fixed assets lfith'ngs and equipment) used to fvrther the
eharity's aims that do not have restrictions placed on them.
Plann8d repairs fund- represents amounts designated for utlllsation In fLrture Ferlod8 for eommunty
centre repalrs.
8ulkllng fund- represants amounts designated for utili5ation in fiJtLFre periods for the phase 3 build.
-24-

111-
ZY *} 04 tst
7J

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
19 Company $tatu8
The company 18 limited by guaranteg and a$ $uch. has no share capital.
Related party tra Th88ction8
Tlkre were no ¢Ji8closable related paty transactions during the year12022- mnel.
-26-