Charlty resistratlon number 1142855
Company r•glstration numbèr 7181436 {England and W•lesl
GLYNCOCH COMMUNITY REGENERATION LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

GLYNCOCH COMMUNITY REGENERATION LTD
CONTENTS
Page
Chairman's statement
Trustees. report
Indepèndent examinèls report
Stslemenl of ￿n8ft￿al activities
10
Balance sheet
11
Notes lo the finanaal statements
12-25

GLYNCOCH COMMUNITY REGENERATION LTD
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
Chair's Foreword
Glyncoch Community Regeneration 202>2024 financial year has been interesting and challenging. The community
centr& has been hil by the rising ¢ost-of-livin9 crisis and very large energy bills and we supported the individuals we
could in the community. We aro awa￿ that this has affected individuals, businesses and charities across the
COLJntry. Slafflvolunteers and Trustees have continued lo work both face-to-fa¢& and online mr>ving more to tsce-lo-
face sesslons only during the year. We have been able lo offer learning opportunities., access lo employment
support,. volunteering opportunities,. services for young people., and the Glyncoch Community Pantry, with Glyncoch
Community Centre b8ing open lo provide the wid8 range of serrfices and signposting lo additional support services
when required. 11 has been anothor interesting year with changing priorities, with each month bringing its own
challenges alongsidtr our goal to ensure the people we serve, and support are at the centre of all our work.
Finally. I'd like to say a big thank you to:
RCTCBC CFW & CFW+ Projgcls
Craig yr Hgsg Primary School
Celn Primary School
Pontypridd High School
Job C8nlre Plus & DWP
Welsh Governrnenl
Flying Start
Gruffalo's Den
Glyncoch Community
Amold Clarf(e Community Fund
The Blakemore Foundation
Pèriod Dignity Grant
Sustainable Prosperity Fund
RCT CBC County Councillor
Glyncoch Town Councillors
Assernbly Membèr, Cynon Valley
MP Cynon Valley
Glyncoch Tenants & Residènts Association
Neighi)ourly Scheme- Lidl & Sainsburys Pontypridd
Trussg11 Trust- Pontypridd Food Bank
RCTCBC YEPS Tean)
Gabby Dunn Jurnp Fil
Fuel Bank Foundation
Monmouthshire Building Society
RCT Together Wami Room Grant
Bryncynon Strat&gy
Pendoryn Gommunity Cèntre
Chaimian
Dated..

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Thg trustees pr8S8nl their annual report and financlal statements for the year ended 31 March 2024.
The financial stslemènls have beon prepared in a¢cordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charity's governing document, the Companies Act 2006 and
'Accounling and Reporting by Charities.. Statemènt of Recommfrnded Practice applicable lo charities p￿parIng
thèir accounts in accordance with the Finanaal R@portlng Standard appllcable in the UK and Republic of Ir8land
IFRS 1021 (effective 1 January 20191..
Objectivès and actlvltle8
Oblectlvas
Our objectives are focused upon relieving poverty and hardship in and around the community of Glyncoch and
surrounding areas. These are sel out in detail in our Mernorandum and Articles of Association.
Vlsion
Our vision is for Glyncoch and surrounding areas to be a sustainablg community which fosters well1￿Ing,
prosperity and achievemènt.
Mi$$ion
We promote social cohesion, building upon the l¢)cal communily spirit lo provide a means by which local ￿Ople
can btr al the heart of meaningful change, unleashing the potential within our community-
Social and Economic context
Glyncoch is a post war council housing eslale two miles north of Ponlypridd in Rhondda Cynon Taff. A close-knil
Community with a strong sense of identity, and close proximity to universities, Cardiff and rail and road
infrastructure, Glyncoch has considerable potential. However, in the ward-based Index of Multiple Deprivation
developod in 2011, Glyncoch was categorised as the 39th Most disadvantaged ¢ornmunily in Wales, scoring
poorfy in areas relating to child poverty and household income. 2001 Census datÈ shows that 4eUk of 16-24 year-
olds are not engaged in employment, education or training and that educational levels are ralatively low. There
are also higher numbers of people experiencing ill health and disability,. more recent data suggests that similar
issues of disadvantsge stlll exi8t.
Purposo of Glyneo¢h Community Roggneration Ltd
Glyncoch Regeneration Ltd is a company formed by local p8opl8 who are passionate about thelr commLmily lo
act as a vehicle or a driver for the regeneration process in Glyncoch. Al present, this means hosting the local
Cornmunitles For Work+ team. and two part-time staff and runs Glyncoch Community Centre which ènhance the
social, economic and environmental sustainabllily of the village through a close partnership with the Glynco¢h
Tenants & R9sidents Association.
Key Alms and Objèctives
Overall Aim-. "dèvglop a healthier, morg prosporous. economically, socially and environmentally sijstainable
community where everyone is able to realise thair full potential. Key to the rgganeralion of the area is also a
ploasanl physical environment with good access to tha natural environment and access lo high quality
community amenities, activities and services. Underpinning this vision is the partnerships, kay objèctive to build
on Glyncoch's unique strengths as a elose-knit community wlh good levels of active citizenship, to create a lully
incSusive, democratic syslem of Gommunity govemance able lo Influence and effect change"
Strong local groups and social netwod(s which will support people of all ages to aCh￿ve their personal
polenlial and to feel safe and securo.
KeyArea$ of Work..
To undertake high quality community development work to fosler a Cultu￿ of 8clive citizenship, social
cohgsion and support localpeople of all ages lo be involved in improving the local Gommunity.
To promote a strong culture of health and w&llbeing, leamlng and mutual support enabling people lo achieve
theirpotenb'al.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
For GlyncDch and surrounding areas lo bè a prosperous community with a strong, 8uslainable local
economy and strong links and access to the widgr economy.
KeyArèas of Work."
To support loGal people to increase household inGome through access to fraining. career, business and job
search support as wall as through ac¢e88 lo ben&fits advice.
To facilitate investment in the community through grants, fundraising and working wffth seThice provid8rs to
tailor th8irprograms to meet the needs of the community.
To help de￿lOP social entery)rises which will create jobs and maximize the impaot of investment in our
community and ultimately enable us to C8rry out our work without being gh7nt dopendent.
Ke
To support GlY￿￿￿h to enjoy a pleasant environment and become more resilient to the negative
impacts of climate change and rising energy prices
KeyAreas of Work..
To develop &nd malnlain high quality community Spaces.
To fa¢ilitate improvements lo urban environment.
To dev61op lood growing space.
To protect and enhance natural habitat$.
Public benefit
The promotion for the benefit of the public of urban or rural regeneration in areas of social and economic
deprivation land in particular in the community of Glyncochl through a variety of means {8ee Mem of Arts and
Assoc).
Achlov•ments and perfomiance
The organisalions, main activities for the r8porting p8ri¢xl have focused on the provision of-
A community contr&
Delivering work clubs online, via telephone and face-lo-face
Youth Provision for young people delivered by RCT Yeps Youth workars
Educational Activities online and face-lo-fac8
Hgallh & wellbtsing a¢tiv((ies including cooking dasses
Food Pantry and stsrted a Community Cafe
Crisis Support
A Community survey
Achievements in the Communlty and 8urroundlng areas in meeting the charfty objects
So¢lal
Health & Wellbeing activities such as Jumpfit Sessions for adults have been delivered.
We restsrted our Games Night club for 5-11 year-olds on 4th March 2024 and had 66 children attend over
the four weeks with highest number of 46 attending during one session.
14 volunteers throughout the year who supported finan¢e, the nèighbourly scheme. games night, cafe and
the pantry with hours tolalling 1,753.15 hrs.
We supported a community carol service held in December 2023 in the middle of the comrnunity, deliVe￿d
by community members from the Rugby Club and we then went back lo Social Club where refreshments and
a tabletop sale were held. We hope lo build on thi8 for 202425.
The community café started on 19th October 2023 with numbers averaging 14 in October and dropping to
average of 11 in March 2024., we looked at increasing publicity of Cafe. We also had the Food Hygiene
Inspèction on 8th February 2024 where we maintained the 5° Food Safety Ratlng.
We also held several tabletop sales through the year.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Econom1¢
Work Club$
This yèar has delivery of work club has been a mixture of rernote and fac&tO-face sessions. There were 279
remote sesslons being delivered between 1 st April 2023 to 31 st M8rch 2024. Face-lo-face sessions were
h6ld in In Glyncoch Community Cenlre, Rhydyfelin library, Llantrisant Job Centre and in Pontypridd Job
Centre. There were 202 face-lo-fac& during Ihg year. This was Su￿8$$fUl and we worf(ed with a total of 349
participants including 327 new participants throughout the year during 381 work clut> sessions. We
managed to record 11 job oulcom8s in the year and 108 referrals to other services.
Al the beginning of the year the organisation employ9d 4 members of staff for the Cornmunilies for Work +
project in April 2023 with funding from the Legacy Fund from the Welsh Government Commissioned by
RCTCBC to deliver and support the work clubs across the Taf and Glyneochlynysybwl area.
The organisalion also employs a part lime cleaner paid through Legacy Fund and Glyncoch Community
Centre and a part lime ca￿taker paid by community centr¢ who left on 7th May 2023 for a promotion in hi5
full-time job.
url
We are part of the Nèighbourfy collection scheme wherg we colled left over food fwm the local supemiarkat
which is then distributed free of charge in the community. Collections from two local supermarkets were made
during thg year and this supported community ￿sIdents with bread, bakery and other free items. reducing the
amount of waste baing pul into landfill.
Envlronmentallsustainabllity
Glyn¢o¢h Communlty Pantry
Since D8¢ember 2020 we have been running a food pantry addressing food povety and food waste. Our pantry
has the following characlerislics-.
1. It is a membership s¢herne wherè registered members mako a small weekly Contribution 1£4} Ènd choose
food from th8 Stock held. We are open one aftemoon a week.
2. To avoid any stigma no 'means-lesl" is applied, we are a club open to all who live in Glyncoch and the
surrounding area.
3. The stock is mostly sourc8d from the charity F8reShare Cymru which has access to surplus food from
supemiarket warehouses. We supplemenl this with food purchased using members contributions.
4. The scheme is run by volunteers drawn from the membgrship wth the support of GCR.
5. The scheme is financially self-sustaining, the running costs are met through the members. conlribulions. The
main outgoings are the faès ¢harged by FaroSh8re Cymru.
6. The food distributed includes dry food, tins, fresh fruit and vegetables. chilled and frozen.
7. A points System is used lo enssjre fair distribution of the available food. Most items are assigned 1 point.
Typically, mombers are given a limit of 12-14 points per week.
8. Fresh fruit and vegetables do not count towards this points Ilmil - this helps increase the proportion of
healthy food collected by members.
The scheme has grown mostly through word of mouth. It has also been advertised through social medk4, posters
in shops and through the local primary schools. The need for the project has intensified with the ongoing ¢osl-of-
living increases. Feedback from mernbers has been very positive.
Here are some of our achievements during this financial year..
129 households are registered as members.
On average 26 members attend8d the sessions each week in January 2024. Over a recent 3-monlh period
71 households have benefited from the Pantry- 123 adults and 72 children.
The scheme is meetlng ils running costs. We were grateful lo re￿1ve £1,500 In grants from Intertink and
£500 from RCT lo provide additional foott.
A total of 9,600Kg of food has begn distributed this year.
Members hav8 received about 7Kg of food al each visit, signtficantly r￿u¢￿ng their food bill for the week.
We now sgrve coffee and cake during the s8ssions, giving members a valuable opportunity for social
Intera￿lan.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
We continue to involve memb&rs in tha decision-making on thè project to ensure that it 1$ ￿SponSIvE to their
needs and lo 8nsure that they have a real sense of owning the project. As numbers are now loo large to ¢anvas
every m8mber. we have set up a repres&nlative committee elected by the members. They meet about 4 Ilmes
per year to review progress and make plans for the next period.
Key soure•$ of funding
A great deal has been achieved in Glyn￿Ch over the last year. For the reporting period, funtting ￿velS are as
follows..
We hav8 been commissioned lo deliver a third year of wotk clubs for RCTCBC funded by the Legacy
fund through a service level agreement to the value of £127,985 of which w8 spent £127,985.
Interlink Gwirvol Fund £500 for the youth to make plants in inlergenerational project re￿1v￿ 6th
February 2020 (Project currently on hold due to COVID-191. We are still holding this money.
Arnold Clark Community Fund £750 which was grant¢d 28th March 2022 ca￿led forward funds into
23-24 financial y&ar.
£400 volunteerin9 SUPPOrt for panty volunteers from Consortium grant with Bryncynon Str8tègy
Penderyn Community Centre.
£240 volunteer grant on 27th March 2024 from Consortium grant via Bryncynon Strategy.
£400 from Trivallis on 29th September 2023 to support the setup of the Community Café.
£500 food pantry food supplies grant from RCTCBC on 6th March 2024.
£500 on 31st March 2023 from interlink to support the food pantry.
£1000 on 9th August 2023 from Interlink to support the community pantry.
£2.000 from Trivallis on 28th March 2024 for the Tenants & Residents Fund forthcoming action plan
2024-25 held by GCR Ltd for activities.
We also received period products from a RCTCBC Grant lo reduce the impact of period poverty in the
communty. These are available to thosg attending the communlty ¢*ntre identified as in need.
Organlsational D•v&lopm¢nt Achievem•nt$
Very committad staff working hard to help people bring about change
Continued partnership with various departments from RCTCBC, Interfink, Department of Work and
Pensions IDWPI, Camau Cyntaf running Gruffalo's Den, NeighbDurly Scherne Lidl & Sainsbury
Ponlypridd, Trussell TNst- Pontypridd Food Bank, Bryncynon Strategy & Penderyn Community Centre
consortium.
SUC￿ssfUl manag8ment of Glyncoch Community Centre
Flnanclal revlew
The Charty recorded an Un￿sITIc1ed surplus for the year of £2,19512023.' surplus of £1271.
The charity's totsl unrestricted res8rve8 are £76,374 12023.. £80,519), of which £35.854 12023.. £36,343) has
been designated. Free reserves at tho year-end lotalled £40,52012023-. £44.1761. We are satisfied that the free
reserves are sufficient to miligale against risks identified. The Trustees will review the level of reserves held by
the charity al least every 6 months and 18ke appropriate actions lo increase or decrease these reserves towards
the target level indtcated above.
The charity has restricted roserves of £553,59312023: £612,413) of which £551.72012023.' £607,075) rèlates Its
the building of the Phase 1 and Phase 2 of the Community Centre and funding r¢¢eived in advance or unspent al
the year-end £1,87312023'. £5,3381.
R•ser¥es policy
One of the key roles of any ch8rity is to ensure tharè is enough money to sustain the organis8tion and cover any
foreseeabl8 ¢osls. 11 is the ambition of the organisation to ensure there are adequate funds within our reserve8
lo eover unforeseenl sudden dosure.
This policy reflects the realism of the organisalion with regards to reserves and sets out how it will manage the
organisalion and reserves lo ensure good govem8n¢e and risk management. Thè Reserves policy has be&n
reviewed this year.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 hlARCH 2024
There are two forms of reserves- restricted anct unrestricted.
R•$trictod r•￿rV&S
£553,593- as of 31 March 2024 . This is Glyncoch Community cantre and unspent funding.
Unrestricted reseN•$
£76,374- as of 31 March 2024.
Unrestricted Reserves We aim lo hold enough reserves to miligale against the following costs..
1. Unplannod repairs neod8d on the Community Centre- £12,000
2. Loss of re9ular rentsl income for Community Centre- £4,000
3. Cosl of winding up Communities for Work + programme- £16,000
We will aim to hold £32,000 of unroslricled reserves to allow for these costs. Othèr risks were analysad bul
would be mitigated against by holding this level of resorves.
Some of these reserves wll be held in an interest-bearing savings account.
Stru¢tura* gov•rnanco and managemant
For the reporting period the organisation has been managed by the Communitie$ for Work + Lead 0f￿er Cheryl
Davies who reports diredy to the Board of DirectorslTrustees. Throughout 2023124 work on ansurin9 the Charity
remains viable, has proved challenging, with reduced in¢ome sources and limited OPPDrtunilies to stsrt new
projects and funding raising activities being extremely difficult. We have continued lo provide servlces in a
different way lo deliver on the vision and goals of the organisation. It is hoped that the 2024-25 financial year will
bring opportunities for growth and a more sustainable service for the community, whilst balancing tha rise in the
cosl-of4iving and increased energy prices.
Gov&rnlng Document
Glyncoch Community Regeneration Limited goveming documènt is the Memorandum and Articles of AssocSation
set out at incorporation on 8th March 2010 and amÈnd8d June 2011.
Appolntment of Directors l Trustèe¥
Sel out in paragraphs 31-35 of the Memorandum and Articles of Association.
There was one change during the Yoar when Shari Jones joined the company on 17th October 2023.
D•elslon making
During the reporting period, all decision8 were made by the board. Delegatgd responsibility is given lo the senior
employee, Cheryl Davies who is funded by the Communities for Work + Programme.
Partners
Glyncoch Communlty Regeneration Ltd. works closely wth the Partners to fa¢ilitale and deliver on its vision
through the provision of support for learning and employability skills. Together we ¢onsull with wider
community and undertake a partnership approach lo the regeneration of the area. A list of key partners are listed
in the Chairs FonNard.
Dirgctors l Trustets8'.
A Board of Directors￿rUst8eS give overall strategic direction lo the organisation. Board members see themselves
as being ultimately accountable to the wider community and are redeveloping a communty 'membership
scheme,. Consulting with the wid8r community and creating opportunities for all ages lo play a role in community
govemance which is integral to the ethos of the organisation.
Who Are Wo?
Chairperson- David Davi@s
Company Secretary & Building Management- Lyndon Bengough
Public Relallons- Councillor Doug Williams
Financiall ICTIDats Protection - Keith Lewi8
Board Membar- Shari Jones

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Rof•ronce And Admlnistratlv• Details
Name: Glyncoch Community Regeneration
Charlty Numb¢r.- 1142855
Company Number.. 7181436
R•gistered Offl¢¢: Glyncoch Community Regeneration Ltd, Glyncoch Communty Cenlre, Clydach Close,
Glyncoch, Pontypridd, Rhondda Cynon Taff. CF37 3DA.
Dlra¢tors l Trusta&$'.
A board of directors l trustee8 give overall strategic direction to the grganisalion. Board members see themselv88
as being ultimately accountable lo the wider community and are developing a community 'membership scheme,.
ConsLJlling with the wider community and creating opportunities for all ages lo play a role in community
govemance which is integral to the glhos of the organisalion.
Who Are We?
Chair. David Davies
A resident of nearby Ponlypridd with two children edu¢ated locally and fifteen years experience as head teacher
al Cefn Primary School in Glyncoch, managing a budget of £750,000 and 24 staff. A strong personal commitment
lo the wellbeing of children and community development has led lo the role of chair of a foster panel, extensive
involvement in the YMCA movem8nL invdv8menl in Glyncoch Communities First since inception.
Company Secretary.. Lyndon Bengough
Lyndon has been actively invo5ved in Glyncoch for over 20 years. He has had extensiva involvement ift
Communities First for the last 8 years as vice chair and chair of tho partnership. With over twenty years
experience as a board member of community organisations he has experi8nce of running a successful buslness
and employlng local people. Lyndon is also an elected member of Pontypridd Town Council.

GLYNCOCH COMMUNITY REGENERATION LTD
TRUSTEES. REPORT (CONTINUED}(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Board Membor. Area of Responsibility.. Public Relations
Counallor Doug Williams
Twelve years experience as elected member, 35 years expgrience as secretary of local RAOB and over 30 ye8rs
experience at senior management level in both the private sector and local government. An active community
advocate who has been instrumental in the development of the new Community Cenlre.
Board Mèmbgr.. Arga of Responsibility.. Finanaal Management IICT
Keith Lewis
A local community a¢tivisl who lives in Glyncoch with wife Susanne. He has registered ancl operated his own
company as a software consultant. As well as being empbyed part lime as a compular prograrnmer and a
member of a local church.
He is a founder member and trustee of another local charity - PONT- which twns Pontypridd with a region of
Uganda. He has been particularly involved in finance and regLJlatory aspects of running this charity and is keen lo
see how th& lessons leaml from running community developmenl projgcts in Africa with PONT might be appliad
to rnaking a diffgrence here in Glyncoch.
K¢y Management Pèrsonnel
Cheryl Davi8s- Lead Officer
Angela Cook- Finance Officer
Independent Examiners
zets Audit Services, Ty Derw, Lime Tree Court, Cardiff Gale Business Park, Cardiff, CF23 8AB.
The trustees. report was approved by the Board of Trustees.
Lyndon Be '
Secretary

GLYNCOCH COMMUNITY REGENERATION LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GLYNCOCH COMMUNITY REGENERATION LTD
l Teport to the Irusteas on my examinatlon of the financial slalements of Glyncoch Community Regersralion
Ltd Ilhe charity) for the year ended 31 March 2024.
Rèsponslbllltl68 and basls of report
As the trustees ot the charity land also its direGtors for the purposes of company lawl you are r8sponsibl& for
the preparation of the financial statements in accordance with the requirements of the Companies Act 2006
Ilhe 2006 Act).
Having satisfied myself that the financi818lat8ments of the charity are not required to be audited under Part 16
of the 2006 Act and are eligible for independent axaminalion, I report in respect of my examination of the
charity'5 financial slalernenls Carried out under section 145 of the Charitiès Act 2fl11 Ithp ?011 Ac.tl. In carrying
out my examination I have followed all the applicable Directions given by the Charlty Comrllission under
section 14515llbl of the 2011 A¢1.
Indepèndènt examlnor's $tal¥ment
I hav6 completed my examination. I confirm that no matters have come to my attention in ConnectiL￿ With the
examination givin9 mc cause to believe that in any material respect-
ccounling records were not kept in respect of the charity as required by section 386 of the 2006 Act.. or
th& financial siatemenls do not accord wrth those records,. or
the Yinancial statements do not comply with the accounting requirements ol 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 indepèndent examination., or
Ihg financial statements hav8 not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their accounts in accordance with the Financial Retx>rtino Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I hav8 no wncems and have come across no othèr m8tters in rnnnAtrtion with the examination to whleh
allenlion should bg drawn in this report in order lo enable a proper understsnding of the financial ststements lo
be reached.
Craig Yearslgy FCCA
Azels Audit Services
Ty Derw, Lime Tree Court
Cardiff Gale Business Park
Cardiff
CF23 8AB
United Kingdom
24 December 2024
Dattrd".

GLYNCOCH COMMUNITY REGENERATION LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restricted
funds
funds
2024
2024
Total
Unrestrict¢d Restrlctsd
funds
fund$
2023
2023
Total
2024
2023
Notes
Donations and
legacies
Charitable activities
Other trading
activities
Investments
4,799
2,540
4,799
131,025
59
4.689
135,572
4,748
135.572
128.485
13.708
13.708
21.916
209
21,916
209
Total income
21.047
128.485
149,532
22,184
140,261
182,445
Charitable activities
18,852
193,645
212,497
22,057
202,330
224,387
Net incomingl{outgoingl
resour¢es before
transf•rs
2,195
165,1601
162,9651
127
162,0691
161,9421
Gross transfers
between ftjnds
{8.3401
6,340
Net expendlture for the
y•arl
Net movèmènt in funds
{4,1451
158,8201
162,9651
127
162.0691
161,9421
Fund balances ot 1 April
2023
80,519
612.413
692,932
80,392
674,482
754,874
Fund balane•s at 31
March 2024
76.374
553,593
629,987
80.519
612.413
692,932
The statement of financial activities includes all 9ains and lossès recognised in the year.
All income and expendEture derive from continuing aclivilies.
The statement of financial activities also complies with the requiromenls for an income and expenditure account
under the Companies Act 2006.
10-

GLYNCOCH COMMUNITY REGENERATION LTD
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notgs
Flxèd assets
Tangible assets
Currgnt ass8t$
Debtors
Cash at bank and in hand
12
555,574
611,419
13
4.097
78,347
14,276
73,736
82,444
88.012
Creditors: amounts falllng du• wlthln
one y•ar
14
18.0511
16,4991
Nel current assets
74,393
81,513
Total ass•t$ less curr•nt Ilabllltl•s
629,967
692,932
Income funds
Restricted funds
tricted
Designated funds
General unrestricted fvnds
16
553,593
612,413
17
35,854
40,520
36,343
44,176
76,374
80,519
629,967
692,932
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 200
with rOspe￿ lo accounting records and the praparation ol financial statemènts.
The membeis have not required the company to obtain an audit of its financial statements for the year in question
in accordance with section 476.
These financial stslemenls hav@ been prepar8d in accordance wlth the provisions applicable lo companies subject
lo the small companies regim8.
The financial ststemenls were approved by th8 Trustees on .
Z41-_L2- ?r- Z
David Davios - Trustèè
Company R•glstr4tion No. 7181436

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting poll¢l•s
Charity information
Glyncoch Community Regeneration Ltd is a private ¢ornpany limited by guarantee incorporated in England
and Walos. The registered office is Glyncoch Community Cenlre, Clydaeh Close, Glyncoch, Ponlypridd, Mid
Glamorgan, CF37 3DA, United Kingdom.
1.1 A¢¢ounting convention
The financial statements havg been prepared in accordance with the Charitys goveming document, the
Companies Act 2006 and 'A￿U￿tIng and Repo￿ng by Charities.. Statement of Recommended Practic6
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191" The charity is a Publi
Benofil Entity as defingd by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
I not lo prepare a Statement of Cash Fl(Iws.
The financial statements are prepared in steding, which is the functional currency of the ¢haTity. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared undgr the historical cost convention. The principal accounting
policies adopted are Set (yjl below.
1.2 G¢ing ¢oncern
Al the time of approving the financial slatemenls. the trustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitablè funds
Unreslricled funds are available for use at thg discretion of the trustees in furtherance of their charitsble
objectives.
Designated funds comprise funds which have been set asid8 at the discrets'on of the trustees for specific
purposes. Tha purposes and uses of the deslgnatod funds are set out in the notes lo the financial statements.
Restricted funds arè subject lo specific conditions by donors as to how thay may be used. The purposes and
uses of the restricted funds are sel out in the notas to the financial slal6m8nls.
1A Income
Income is recognised wh&n the charity is legally entitled to il after any performance conditions have been met,
the amounts can be measured reliably, and il is probable that income will be received.
Cash donations are re¢ognlsed on receipt. Other donations are recognised once the charty has b8en notified
of the donation, unless pfjrformance conditions reouire d¢f$rral of the amount. Income tax recovèrable i
r6lalion to donations recewod undef GrftAid or de8ds of covenant Is recognls&d at th'e time of the donation.
The value of services provided by volunteers has not been in¢luded in these accounts.
Income from government grants, whether 'capilal' or 'r8venue' is recognised when the the charity has
anlidèmenl lo the funds, any performance conditions attached lo the grants have been met, it is probable thot
the income ￿111 ba racèivgd and the amount can be measured reliably and not deferred.
Capital grants are classified in restricted funds with d&preciation charged against thè fund.
12-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting poll¢i¢$
(Continued}
Room, venue hire and consultancy incom8 is indude in the accounts when the service is provided.
Income from investments is included in the accounts when the receipt is probable and the amount receivable
can be measured reliably.
1.5 Expenditura
Expenditure is recognised oncé there is a legal or constructive obligation to make a payment lo a third paty, it
is probable that sotlloment will be required and the amount of the obligatron can be measured reliably.
Expenditure tsn charitable activities includes all costs relating lo the furtherance of the chariws objectives as
stated in the trLJStees report and Iheir associ8ted support costs.
Support costs have been allocated bthfren govemance costs and other sijpport. Governance costs
comprise all costs involvlng public accountabillty of the charity and its compliance with regulation and good
practice.
Support costs include central functions and have been allocated lo activity cost categories on a tosis
consistent with the use of resources.
Netting r)ff of income and expendlturg
In¢ome and expenditurg are Staled gross.
1.6 Tangible r￿ed ass•t$
Tangible fixed assets are initially measur&d at cost and subsequently measured at cost or valuab'on, net of
depreciation and any impairment lossès.
Depreciation is recognised so as lo write off the cost or valuation of assets less their resldual values over their
usoful lives on the following bases=
Community centre
Plant and equipm8nt
5% straight line
25010 reducing balance
The gain or loss arising on the disposal of an asset is determined as the differenc8 bab￿een the sale proceeds
and the carrying value of the asset, and is recognised in the slalement of financial activities.
1.7 Impalmient of flx•d assets
At each reporting ènd dale, the charity reviews the carying amounts of its tangible assets to dglem)ine
whether there is any indication that thos& assèts have suffered an impalrmenl loss. If any such indutlon
9xisls. tha recoverable amount of the asset is estimated in order lo dètèrmine the extent of the irnpairm8nt
loss lif anyl.
1.8 Ca$h and cash aqulvalent$
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid
investments with original maturities ol three months or less, and bank overdrafts. Bank overdrafts are shown
within bom>wings in current liabilities.
13-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢countlng policies
IContlnu•dl
1.9 Financial in$tTuments
The eharity has elected lo apply the provisions of Section 11 'B85ic Financlal Instruments, and Section 12
'Olhgr Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balan￿ sheet when the charity becomos paty to the
contractual provisions ol the instrument.
Financial assets and liabilities are offset, with the net amounts presented in tho financial stalemanls, when
there is a legally enfor¢eable right to Sol off the recognised amounts 8nd there is an intention to settlg on a net
basis or to realise the asset and setde the liability simultaneously.
Baslc flnan¢lal assets
Basic financial assets, which include debtors and cash and bank balances, ar8 inrf(ially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measLJred al the present value of the future receipts discounted al a market rale of intoresl. Financial as$8ts
dassified as receiva*Jla within one year are not amortised.
Dwecognition of fln8ncial assgts
Financial assets are dor8cognised only whèn the contractual rights lo the cash flows from the ass8t gxpire or
are settled, or when the charity transfers Ihe financial ass&t and substantially all the risks and mwards ol
ownership lo another entity, or if some significant risks and rewards of ownership ar8 retsined but control ol
the asset has transferred to another party that is abie to sell the asset in its entirely lo an unrelated third paty.
Basic linanclal Ilabilitles
Basic financial liabilities. includino credttors and bank loans are initially recognis8d at transaction price unless
the arrangernent conslitules a financing transaction, where the debt instrument is measured at the present
V81ue of the futur6 payments discounted al a market rato of interest. Finanryal liabilities classified as payable
within one year are not amortised.
Trade cr@dilors are obligations to pay for goods or services that have been acquired in the ordinary course ol
operations from suppliers. Amounts payable are classified as current liabilities if paymtrnl is due wthin one
year or less. If not, they a￿ presented as non-curfenl liabilities. Trade creditors are re￿nised initially at
transaction prlce and subseqijenlly measured at amortised cost using thg effective interest method.
Derg¢ognltlon of financlal Ilabllltles
Financial liabilities are dere¢ognised when the charity's contractual obligations expire or are discharged or
eancelled.
1.10 Employeo b•n•fit$
The Cost of any unused hollday entitlement is recognlsed Sn thè period in whi¢h the employee's serVi￿S are
receivad.
Termination benefits are recognised immediately as an axpgnse when the charity is demonstrably committed
to temiinats the employment of an employee or lo provide tèrmination benefits.
1.11 Rotlrgm8nt b¢n•fit$
Payments to defined contribution retirement benefit schemes are charged as an expense as they lall due.
Costs are allocatod be￿89n unrestricted and restrieted funds.
14-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies
(Continued)
1.12 Taxation
As a registered charity. Glyncoch Community Regeneration Ltd is entitled to the exemption from taxation in
respect of income and capital gains received with sections 478489 of the Corporation Tax Act 2010 and
section 256 of thg Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo its th8ritsbl8
objects purposes only.
Crlllcal a¢¢ountlng e$tlmate$ and Judgements
In the application of the charity's accounting policies, the trustees are required to make judggmonts, estimates
and assumptions about the carrying amount of a5sots and liabilities that are not readily apparent from other
SoUr￿s. The estimates and associated assumption5 are based on historical experience and other factors that
are ￿nsidered lo be relevonl. Actual results moy drffer from these estimates.
The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to 8¢counling
85tirnates are recognised in the period in which the eslimate is revised where the revision 8ffecls wly that
period, or in the period of the revision and future periods where the revision affects both current and fijture
per1¢￿s.
Donations andlogacies
Unrèstrlct•d
funds
Unr•striet•d Restricted
funds
funds
Total
2024
2023
2023
2023
Donations and gilts
4,799
59
4,689
4,748
15-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activitigs
2024
2023
Grants
131,025
135.572
Analysis by fund
Unrestricted funds
Reslricled funds
2,540
128,485
135.572
131,025
135,572
Grants
Restricted grnnl income
Interlink RCT
Bryncynon Community Revival Strategy Ltd
Trivallis
128,485
1,500
640
400
135,572
131,025
135,572
Othor tradlng actlvltles
2024
2023
Venue hire and rent
Consull8ncy and other services provided
9.930
3,778
16.800
5,116
other tradlng activllies
13,708
21,916
Investments
Total Unrostricted
funds
2024
2023
Interest receivable
209
16-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable a¢tlvltle$
2024
2023
Stsff costs
Depreciation and impairrnenl
General costs of charitable activities
Insurance
IT costs
Premises costs
Prinlino, postsge and staionery
Telephone and int8rn&t
Training and other staff costs
101,756
62,185
8,973
3,557
3,737
24,634
47
1,308
2,646
103,337
63,037
18,443
3,622
3,316
24,623
1,675
1,243
2,184
208,843
221.480
Share of support costs Is8& nola 8}
Share of 9OVgmanc8 costs Is9e notg 81
480
3.174
567
2.340
212,497
224,387
Analysis by fund
Unrestricted funds
Restricted funds
18.852
193,645
22,057
202,330
212.497
224.387
Support Costs
Support Goveman¢e
costs
costs
2024Support ¢osls Govemance
costs
2023
Legal and professional
costs
Bank charges
35
445
35
445
567
567
Independ8nt examinaiton
fee$
3,174
3.174
2,340
2,340
480
3,174
3,654
567
2.340
2.907
Analysed between
Charitsble activities
480
3,174
3,654
567
2,340
2,907
Govofnance Costs includes payments lo the independent examiners of £2.62412023'. £1,840) for independent
examination fees and £55012023.. £5001 for accountancy services.
17-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
None of the trustees lor any p9rsons conneded with them) rèceived any ramuneration or benefits from the
charty during Ihe current or prior year.
In 2024 two trustees were reimbursod expenses totalling £3,395 for items purchased on behalf of the charity
12023.. two trustees were reimbursgd £1,423 for exponsesl.
10 Employees
The av8ra98 monthly number of employees during the year was=
2024
Number
2023
NuM￿r
Employment cost$
2024
2023
Wages and salaries
Social security costs
Other pension costs
95,229
1,833
4,694
96,881
1,758
4.698
101,756
103,337
Key manag•m¢nt personnal
The key management personnel as detsiled in th8 trustees reptsrt r8cgived benefits leonsisling of gross
Salary, employers national insuran¢e and employers pgnsionl lolalling £41,48612023.' £38,585}.
Employees oarning > £60.000
There were no employees during tha cUr￿nt or previous yèar who received benafits in excess of £60,000.
There were no gmployees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from lax on income and gains falling Tmthin section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargéable Gains Act 1992 to the extent that these are applied to its Charitable objects.
18-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Tangible fixed assgt$
Community
contr8
Plant and
equlpment
Total
Cost
At 1 April 2023
Additions
1,163,459
45,261
6,340
1,208,720
6,340
At 31 March 2024
1,163,459
51,601
1,215,060
Deproclatlon and Impalmiont
At 1 April 2023
Depreciation charged in tho year
558,506
58.173
38,795
4,012
597,301
62,185
Al 31 March 2024
616,679
42,807
6S9,486
Carrylng amount
Al 31 March 2024
546,780
8,794
555,574
At 31 March 2023
604,953
6,466
611,419
13 Debtors
2024
2023
Amounts falllng du• withln one year:
Trade debtors
Other dgblors
Pr&paymenls and accNèd income
2,255
272
1,570
13.069
1.207
4,097
14.276
14 Creditor$.' amounts falllng due vAthln on• y•ar
2024
2023
Other taxation and social security
Trade crèditors
Other creditors
Accruals and deferred incx)me
1,S47
1.825
787
2,340
692
801
,558
8,051
6,499
19-

GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Retlrement ben•fit $chemes
Defined contrlbutlon schemes
The charity operates a d@fined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an Indèpgndenlly administared fund.
Pension costs lotslled £4.894 {2023'. £4,6981. There were amounts oulslanding al the year end totslllng £801
12023.. £8221.
20-

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GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Deslgnated funds
The incomè funds of the charfty include the following designated funds which have bèèn set aside OLrt of
unrestricted funds by the trust88s for specific purposes..
Balance at
1 April 2022
R•tsour¢•8
Balanea 41
•xpended 1 April 2023
Rvdource8
B41JD¢¢ at
oxponded 31 March 2024
Fixed assets
Building fund
4.833
32,000
14901
4,343
32.000
14891
3,854
32,000
36,833
14901
36.343
14891
35,854
Fixed assgts
represents the functional fixed assets (fittings and equipment) Ltsad lo further the
charity's aims that do not have restrictions placed on them.
Building fund - r8presenls amounts designated for ulilisalion in future periods for the phase 3 build.
-23-

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GLYNCOCH COMMUNITY REGENERATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Company ststu$
The eompany Is limited by guarantee and as such, has no share capitsl.
20 Ralatod party transactlons
There wère no disclosable relalad party transactions during the year12023- nonel.
25-