Annual Report April 2024 - March 2025 tommunily rÈgenÈraiion lid Glyncoch Community Regeneration Limited Name of Charlly.. Glyncoch Communlly Regeneratlon Charlty Number: 1142855 Company Number. 7181436 Principal Office of Charily: Glyncoch Community Regeneration Ltd, Glyncoch Community Centre, Glyncoch, Pontypridd. Rhondda Cynon Taff. CF37 3DA.
Glyncoch Communily Regeneration Ltd Company information Directors & Trustees David R Davies Keiih Lewis Lyndon Bengoiigh Douglas H Williams Shai'i Jones Chair resigned 18.4.2025 Secretary Lyndon Bellgough Company number 7181436 Charily number 1142855 Registered office Glyncoch Community Centre Clydach Cl(x%e Glyncoch Pontypridd CF37 3DA AccoLinlants RH Jeffs and Rowe Ltd Chartered Accountan15 27128 Gelliwastad Road Pontypi"idd CF47 2BW Bankers National Westtninster Bajik plc
Glyncoch Communily Regeneration Ltd Cuntents. Page Chaiiynan's Statement Tru.%le£s' annual report Ae¢ountants' repoit io Statement of Financial Activities li Balance sheel 12 Notes to the financtal statements 13-22
Chair's Foreword Glyncoch Community Regeneralion 2024-2025 financial year has been interesting and challenging. During the year the charity has deall with reduced funding income, with the rising cost of living costs. staff leaving due to funding culs and very large energy bills. We are oware that this has affected individuals, businesses ond charities across the counlry. Where possible we have continued to deliver business as usual through the work of the staff and amazing volunteers. We have been able to offer learning oppoitunisies.. acce5S to employment support via the RCT Work & Skills delivery: volunteering opporlunilies,. services for young people; and delivery of Ihe Glyncoch Community Pantry, and community cafe within Glyncoch Community Cenlre. We have been able to provide the wide range of services and signposting to additional support services when required. It has been anolher interesting year with changing priorities, with each month bringing its own challenges alongside our goal lo ensure the people we serve, and support are at the centre of all our work. Flnally. I'd Ilke to say a blg thank you lo: RCTCBC CFW & CFW+ Projects Interlink Craig yr Hesg Primary School Cefn Primary School Job Centre Plus & DWP Welsh Government Flying Start Gruffalo's Den Glyncoch Community Period Dignity Grant Suslainable Prosperity Fund RCTCBC Multiply RCT CBC County Councillor Glyncoch Town Councillors Postcode Communily Lottery Fund Assembly Member. Cynon Valley MP Cynon Valley Glyncoch Tenants & Residen15 As50ClQtion Neighbourly Scheme - Aldi. Lidl & Sainsburys Pontypridd Trussell Trust- Pontypridd Food Bank RCTCBC YEPS Teom Gobby Dunn Jump Fit Fuel Bank Foundation Monmouthshire Building Society RCT Together Bryncynon Slrategy Penderyn Community Cilizens Advice
Dlreclors / Truslees: A Board of Direclors / Trustees give overoll strategic direction to the organisation. Board members see themselves as being ultimolely accountoble to Ihe wider community and are redeveloping a communily 'membership scheme,. Consulting with the wider communily and creating opporlunities for all age5 to play a role in community governance which is integral to the ethos of the organisation. Who Are We? Chairperson - David Davies Company Secrelary & Building Monogement - Lyndon Bengough, Public Relations - Councillor Doug Williams Financiall ICTIData Protection- Keith Lewis Board Member- Shari Jones structure, Governance and Managemenl For the reporting period the organisalion has been managed by the Communities for Work + Lead Officer Cheryl Davies who reports directly to Ihe Board of Direclors / Trustees. Throughout 2024 - 2025 work on ensuring the Charity remains viable, has proved chollenging. with reduced income sources and limited opporlunities lo start new projects and funding raising activities being extremely difficult. We have continued to provide services in a different way to deliver on the vision and goals of the organisotion. It is hoped that 25- 26 finoncial year will bring opportunilies for growth and a more sustainable service for the community, whilst balancing Ihe various global economic and financial implications Governing Document Glyncoch Community Regeneration Limited governing document is the Memorandum and Articles ol Association set out al incorporation on 81h Ivlarch 2010 and amended June 2011.
Appolnlment of Dlreclors / Trustees Set out in paragraphs 31- 35 of the Memorandum and Articles of Association. There were no changes during the Year. Declslon maklng During Ihe reporling period, all decisions were mode by the board. Delegaled responsibility is given to the senior employee- Cheryl Davies who is funded by the Communities for Work + Programme. Partners Glyncoch Community Regeneration Ltd, works closely with Ihe Partners to facilitate and deliver on its vision through the provision of support for learning and employability skills. Together we consult wilh the wider community and underlake a partnership approach to the regeneration of the area. A list of key partners are listed in the Chairs Forword. Our Objects are as follows.. The promotion for Ihe benefit of the public of urban or rural regenerotion in area5 of social and economic deprivation land in particular in the community of Glyncochl through a voriely of means. (see Mem of Arts and A550cI Objectives ond Activllles Objectlves Our objectives are focused upon relieving poverty and hardship in and around the communily of Glyncoch and surrounding areas. These are sel out in detail in our Memorandum and Articles of Association. Vlslon Our vision is for Glyncoch and surrounding areas to be a susloinable community which fosters wellbeing, prosperity and achievement. Mlsslon We promote social cohesion. building upon the local community spirit to provide a means by which locol people can be ot the hearl of meaningful change. unleashing the potential wilhin our community. Soclal and Economlc context Glyncoch is o post war council housing estate two miles norlh of Pontypridd in Rhondda Cynon Talf. A close-knit communily with a strong sense of identity,
and close proximity to universities. Cardiff and rail and road infrastruclure. Glyncoch has considerable potential. However. in Ihe ward-based Index of Multiple Deprivation developed in 2019, Glyncoch was categorised as Ihe 51 st mosl disadvantaged community in Wales, scoring poorly in areas relaling to child poverty and household income. 2001 Census dalo shows thol 4610 of 16 24-year-old are not engaged in employment, education or training and that educational levels are relatively low. There are also higher numbers of people experiencing ill heallh and disability more recent data suggest that similar issues of disadvantage still exist. Purpose of Glyncoch Communlly Regeneiatlon Lld Glyncoch Regeneration Ltd is a company formed by local people who are passionate about their community to act as a vehicle or a driver for Ihe regeneration process in Glyncoch. At presenl, this means hosting the local Communities For Work+ team, and Iwo part-lime staff ond runs Glyncoch Community Cenlre which enhance the social, economic ond environmental sustainability of the village through a close partnership with the Glyncoch Tenants & Residents Association. Ke Alms and Ob ecflves Overall Alm: "develop a healthier, more prosperovs, economically, socially and envlronmentally svstalnable commvnlty where everyone Is able to reallse their full potential. Key to the regeneratlon of the area Is also a pleasant physical environmenl with good access lo the natural envlronment and occess to hlgh quallly community amenitie5, activities and servlces. Underplnnlng this vlslon Is the partnershlps, key objectlve lo bulld on Glyncoch's unlque slrenglh$ as a close-knll communlly wlth good levels of acllve cifizenship. lo creale a fully incluslve, democratlc system of communlty govemance able lo Influence and effect change" Social Ke Aim.. Strong local groups and social networks which will support people of all ages to achieve their personal potential and to feel safe and secure. Key Areas of Work.. To undertake high quality comm unffty development work to foster a culture of octive citizenship, sociol cohesion and support local people of all ages to be involved in improvlng the local community. To promote o strong culture of health and wellbeing, learning and mutual support enobling people to achieve their potential.
Economlc Ke Aim.. For Glyncoch and Surrounding areas to be a prosperous community with a strong. sustainable local economy and strong links and access to the der economy. Key Areas of Work.. To support local people to increase household incorne through access to training, career, business ond job search support as well as through access to benefils advice. To facilitate investmenf in the community through grants. fundraising and working with service providers to toilor their programs to meet the needs of the community. To help develop social enterprises which will create jobs and maximize the impact of invesfment in our community and ultimately enable us to carry out our work without being gront dependent. Envlronmental Aim". To support Glyncoch to enjoy a pleosont environmenl and become more resilienl to the negative impac15 of climate change and rising energy prices Key Areas of Work.. To develop and maintain high quality community spaces. To facilitate improvements to urban environment. To develop food growing space. To protect and enhance notural habitats. Achlevemenl and Performance April 2024- March 2025 The organisations moin aclivities for the reporting period have focused on Ihe provision of; A community centre open to the public Delivering work clubs online, via telephone and foce to face Youth Provision for young people delivered by RCT Yeps Youth worker's Educational Activities online and face to face Health & wellbeing activities Food Pantry and a Communily Cafe Crisis Support Achlevemenfs in the Communlly and surrounding areas In meetlng the charity objecls. Soclal
Heallh & Wellbeing activities such as Jumpfit Sessions for adults have been delivered, as well as a trial of choir yo go classes. The Games Night club for >1 l-year-old had 39 sessions over the year with 148 children atlending at least once with highest number of 45 altending during one session. 29 volunteers throughoul Ihe year who supported finance. the neighbourly scheme. games night, cafe and the pantry with hours tolalling 2739.16 hrs. We supported a community carol service held in December 2024 delivered by community members from the Rugby Club and we then wenl back to Social Club where refreshments and a tabletop sale were held. The community café continued to run wlh 48 sessions being delivered with the averoge numbers of community members atlending of 24. The café continues to hold a 5, Food Safety Rating. Economlc Work Clubs This year hos delivery of work club ha5 been by face to face sessions. There were 202 face lo face sesslons being delivered belween l sl April 24-31 st March 2025. Face to face sessions were held in In Glyncoch Community Centre, Rhydyfelin library. Llontrisont Job Centre and in Pontypridd Job Centre. Thi5 was successful and we worked with a total of 333 participanls including 305 new partlclpants throughout the year. We managed to record 2 job outcomes in the year and 122 referrals lo other services. At the beginning of the year the organisation employed 4 members of staff for the Communities for Work + project in April 2024 with funding from the Legacy Fund from the Welsh Governmenl commissioned by RCTCBC lo deliver and supporl the work clubs across the Taf and Glyncoch/Ynysybwl area. The organisation also employs a part time cleaner paid through Glyncoch Communily Centre. Nei hbourl Collectlons We are part of the Neighboudy collection scheme where we collecl left over food from the local supermarket which is Ihen distributed free of charge in the community. Collections from Ihree local supermarkels were made during
the year and this supported community residents with bread, bakery and other free items, reducing the amount of waste being put inlo landfill. Envlronmental/ sustalnablllty Glyncoch Communlly Pantry Since December 2020 we have been running a food pantry addressing food poverty and food waste. Our panlry has the following characteristics i. It is a membership scheme where registered members make a small weekly contribution1£41 and choose food from the stock held. We are open one afternoon a week. l. To avoid any stigma no "means-tesl is applied, we are a club open to all who live in Glyncoch and the surrounding area. 2. The stock is mostly sourced from Ihe charity Fareshare Cymru which has access to surplu5 food from supermarket warehouses. We supplement this with food purchased using members contributions. 3. The scheme is run by volunteers drawn from the membership with the support of GCR. 4. The scheme is financially self-suslaining, the running costs are met through Ihe members, contributions. The main outgoings are Ihe fees chorged by Fareshore Cymru. 5. The food distributed includes dry food, tins, fresh fruit and vegetables, chilled and frozen. 6. A points system 15 used to ensure fair distribulion of the ovoilable food. Most items are assigned I point. Typically, members are given a limit of 12-14 points per week. 7. Fresh fruil and vegetables do not count towords this points limit -this helps increase the proportion of healthy food collected by members. The scheme has grown mostly through word of mouth. It has also been advert15ed through social media. poslers in shops and through the local primory schools. The need for the project hos inlensified with the ongoing cost of living increases. Feedback from members has been very positive. Here are some of our achievements during thi5 financial year. 1. 138 households are registered as members, l. On average 20 members atlended the sessions each week 2. fvlembers have received about 7Kg of food ot each visil significantly reducing their food bill for the week. 3. We now serve coffee and cake during the 5ession5 giving members a valuable opporlunity for sociol interaclion. We continue to involve members in the decision making on the project to ensure that it is responsive to their needs ond to ensure thol they have o real sense ol owning the project. As numbers are now too large lo canvas every
member. we have set up a representative committee elected by Ihe members. They meet aboul 4 times per year to review progress and make plans for the next period. Organlsatlonal Development Achlevemenls Very committed staff working hord to help people bring about change Conlinued portnership with various departments from RCTCBC. Interlink, Departmenl of Work and Pensions IDWPI, Camau Cyntaf running Gruffalo's Den. Neighbourly Scheme Lidl & Sainsbury Pontypridd. Trussell Trusl- Pontypridd Food Bank. 8ryncynon Strategy & Penderyn Community Cenlre consorlium. Successful managemenl of Glyncoch Communily Centre Reserves policy One of the key roles of any charity is to ensure there is ernough money to suslain the organisation ond cover any foreseeable costs. It Is the ambition of the organisation lo ensure there are adequate funds within our reserves to cover unforeseenl sudden closure. This policy reflects the reolism of the organisation with regards lo reserves and sets out how it will manage the organisation and reserves to ensure good governance and risk management. The Reserves policy has been reviewed this year. There are two forms of reserrfes- restricted and unrestricted. Re$trlcted reserves Thls is Glyncoch Community centre. Unrestricted Reserves We aim to hold enough reserves lo mitigate against the following costs l . Unplanned repairs needed on Ihe Community Centre- £12,000 2. Loss of regular rental income for Communily Centre - £4,000 3. Cost of winding up Communities For Work + programme- £16,0 We will aim to hold £32.000 of unrestricted reserves lo allow for Ihese costs. other risks were analysed bul would be mitigated against by holding this level of reserves. Some of these reserves will be held in on interesl-bearing savings account.
Glyncoch Community Regeneratiun Ltd Trustees, Annual Report for the year ended 31 March 2025 Sta¢ement ofTrustee$' Responsibilities The triistees (who are also Ilie dii'cctors foi. the purpose of company law) ure responsible for preparing Il?e Aniiual Rcport aiid the financial stateinei)ts in accordan¢¢ with applicable law and regulations. Coinpany law requires the triistees to prepare financial Statements for each financial year. Under that law the ti'ustees must prepare the financial statements in a¢¢ordanc¢ with Uiiited Kingdoin Gcncrally A¢c¢pled Accouiitiiig Practi¢e {United Icingdom Accounting Standards and applioable law). Under company law the Ii'ustees Iniist not appivve the financial stal¢m¢nts unless they are satisfied that they giv¢ a Ii'iie and fair view ot tlic state of affaiis of the charitablc company and of the incoming I'esoiii'ces and application of SOul'eeS. including die inconie and expenditur¢, of the cliarilable cotnpaiiy for tl)at period. In preparing these financial stalemenls, tlie trustees are I'eouiiEd to.. a) sel¢cl suitable accountiiig policics and apply them consistently. b) observe thc methods and principles iii the Charities SORP. c) make judgments and accounting estimates that arc rcasonablc and priident. d) slate wh¢ther applicable UK Accounting Standards hav¢ been followed, subject to any malerial departures disclosed and explained in the financial statements. e) prepai'e the financial slalemenls on the going concern basis unless it is inappropriat¢ to presume that tlie charity will ¢ontinue to operate. The trustees are responsible for keeping adequate a¢counting re¢oi'ds tliat are SU[Clent to show and explain the charitable company's tt'ansa¢tions and disclose with reasonable accuracy at any time the fii)ancial position of the ¢harilable compaiiy and enablc them to ensure that the financial statcmcnt5 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking I'easonable steps for the prevention and detection of fraud and other irregularities. The trust¢es confirm that so far as tliey are awar¢. there is no relevant audit information (as d¢fin¢d by sectioii 418(3) of th¢ Companies Act 2006) of whicli the charitable compony's auditors are unaware. They Iiave taken all the stcps that they ought to have taken as Iriistees in order to make Ih¢mselves aware of aiiy relevant aiidit information and to establi8h that the charitable c()mpany's auditors arc aware of that information. The repoit has been prcpared in a¢cordance with the provisions appli¢abl¢ to companies subject to the Small companies, regiine. This report was approved by the Trustees on the 23 December 2025 aiid signcd on it5 b¢half by: Cwi David R Davies
Independent Examiner's Report to the Trustees of Glyncoch Community Regeneration Ltd l Tepoit lo the IrLislees (who are also Directors for the purpose of company law) on my examination of Ilie financial stateinents of Glyncoch Community Rcgencration Ltd ('the charitablc cotnpany,) for the ycar cnded 31 Mar¢h 2025 whi¢h comprise the Stal¢menl of Financial A¢tivities, th¢ Balance Sh¢¢t and r¢lat¢d notes. Tliis report is made solely to th¢ charity's trustees, as a body, in accordance with section 145 of the Charities Act 201 l. My work has been undertakcn so that I might stale lo the charity's trustees those Inatters l am required to state to tliem in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyon¢ other than the charity and the ¢harity's trustees as a body, for my work, for this report, or for the opinions I havc formed. Responsibilitles and Basls of Report As the truslees of chai'itable compally you are responsible for the preparation of the financial statetnents in a¢¢ordance with th¢ requirements of the Companies Aet 2006 ('the 2006 ACV). Having satisfied myself that the finan¢i&l statements of the ¢harilable ¢ompany are nol r¢quir¢d to b¢ audited under Pait 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable ¢ornpaiiys financial slatemetits cai'i'ied out under section 145 of the ch'll1eS Act 2011 {'Ihe 201 l Act,) and in carrying out my examination I have followed all th¢ appli¢able Dire¢tions given by the Charity Commission under section 145{51(b) of thc 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters ihal an auditnr consid¢rs in giving their opinion on the financial stateinenls. The plallning and conduct of audit gues beyond the limited assurance tliat an ind¢pei)dent examination can provide. Consequently I express no opinion as to whether the financial statements piE5eiit a 'Irue and fair, view and my report is limited to those specific matters set out in the independent examinels statetnent. Independent Ex#miner's StAtement I Iiave completed my examination. I confirm that no tnaterial matters have come to Jny attention in connection with the examinalion giving me ¢aus¢ to believe that in any material respect.. l) accounting r¢¢ord5 w¢i'c not kept in IEsp¢¢l of lh¢ ¢haritabl¢ company as r¢quir¢d by s¢clion 386 of th¢ 2006 Act. or 2) the financial ststements do not accord with those records. or 3} th¢ firkancial statements do not comply with the accounting requir¢m¢nls of section 396 of the 2006 Act othei. than any requirement that the finanLial statements give a 'true and fair view which is not a matter considered as part of an independent examination. or 4) the financial statements have not been prepared in accordance with the methods and principles of the Stal¢inent of ReLommended Practice for ac¢ounling and reporting by ¢harili¢s applicable to ¢liarilies preparing their accounts in accordance with the Financial Reporting Standard applicttble in the UK (FRS 102). I have no concern5 and have come across no other matters in connection with the examination to which alteiition should be drawn in this report in order to enable a piDpei' understanding of the financial slatem¢nts to be IEached. Robert Thomas FCA for and oil beha of RH Jeffs and Rowe Ltd Chartered Accouiitants Ponlypridd 23 December 2025 Page 10
Glyneuch Community Regeneration Ltd Statement of Fln#nelal A£'tivllies for the year ended 31 Mareh 2025 Unrestrieted funds 2025 Restricted funds 2025 Total UniEslricled fiiiids 2024 Reslricled fiiiids 2fj24 Total 2025 2024 Income from: Gvanl. Donations and legacies From Trading Aciivities Venue hire and rent Con%ultancy and othei. seivices Olher Ineome: Other InLome Solai Panel Income 132,102 132,102 2,540 4,799 128,485 13J,025 4,799 10,D69 10.558 10.069 10.558 9.930 3,778 9,930 3, 778 974 974 Total Incoming Resources 25,909 132,102 158,011 21,047 J28,485 149,532 Expenditure Charitable aciivities 4 32,885 184,799 217.684 J8,852 193,645 212.497 Total Resources Expended 32.885 184.799 217.684 18,852 193.645 212,497 r4et Incomlng Ioutgolng) resources 5 16,9761 152,6971 159,673) 2.J95 (65,1601 (62,965) Transfer B¢tweÈn Funds (6,340J 0,340 Nel Incoming (Outgoing) resource {6.976) 152.697) 159.673) (4. 145) (58.820) 162,965} Funds brought forward 76,374 553,593 629,967 80,519 012,413 692,932 Tolgl Funds carried forward 10 69,398 5(K>,896 570,294 76,374 553,593 629.967 The statement of financial tIVitieS includes all gains and losses cognised in the yew. All incoming irsouire5 Jwd resourees expended derive frotn continuing AL'tivilies. The statement of financicll activities al80 compli&s with the qUirementS for an income and expendilure LcOUnt linder (he Companies Act 2006. Pagell
Glyncoeh Communily RegeneralÉon Ltd Charlty number 1142855 Bul4nce shee( a5 a131 March 2025 2025 2024 Notes Fixed Assets Tangible assets 494,029 555,574 Current A55ets Debtors Cash al bank and hand 592 82,308 4,097 78.347 82, 82,444 Crcditor.s." amounts- fmlling due within one year {6.635) (8,051) Net Current assets 76.265 74.393 Net Assets 570.294 029,967 The Funds of the Cbarity Unrestricted Fund% Designated Funds Restricted Funds Ao io io 27,158 35,365 507.771 40,520 3.5,854 553,593 Total Charity Funds 570,294 629,967 The company is entitled lo the exemption fium Ihe audil requirement contained in section 477 of the Companies Act 20(16, lor the year ended 31 March 2025. The dilECr$ acknowledge iheii. re5POllsibilitics for cottjplying with the L'equirements of Ihe Companies Act 2006 wilh respect io accounting records. and the preparation of financial statetnents. The Jnembers have not required Ihe company to obtain an aiidit of its financial statements foi the year in question in accordance with section 476. The f][lIa1 slalernents have been prepY¢ ed in accordance with the Statement of Recotnmended Praetice ALcouniiiig dnd Repoi'ling by Clidrilies and in ac¢ordan¢e wilh the special provisions of Part Vll of the Companies Act 2006 iilating to smdll entilies. The financial statements were appiDved by the Trus(ee Board on 23 December 2025 and signed on its behalf by:_ David H Davies Page 12
Glyncoch Communlly Regencration Ltd Notes tu the finantial statements for the year ended 31 March 2025 Accouting pulicies 1.1. Stalutoiy Infoi'mation Glyiicoch CDiiimuTrity Regenel'ation Ltd Ès a chai'ilable company incorporated by guarantee in F,ngland dnd Wdles. The registered office i5 Glyncoeh CommLlllily Cenlre Clyda¢h Clo%e. Glyncoch. Poniypi'idd, Wales. CF37 3DA. The nature of the ch"ItY'S operauons wid principal activilie5 is disclosed within the Trusiees Report. The financial siaiemenis are pwented in Siei'ling l£}, ¢he charities functional currency, and rounded to the nearest pound. The significant accounlin¥ policies applied in the pEEp"atIOn of these fjnancial StateentS are set out belaw. These policies have been consislenLly applied io all ye5 piEsented uiiless oiherwise %tated. 1.2. Basis of prLp&ration and assessment (Trf kioin&b Lwncern. The fiiiancial statements have been pirpared under the higiorical cost convention. with items recogni5ed al cost or ttansaetion valve unless otherwise sialed in these notes. They have been prepwEd in accordance with the CharÉties SORP IFRS 102), the FinttnciAI Reporting Standard appliLable in the UK IFRS 1021. the Charitie5 Act 2011, and Ihe Companies Act 2006. The Chl(leS SORP is based on FRS 102 and provsde5 a framework for accounting and reporting by chai"ities in the UK. The charity h&8 taken advanthge of the provi¥ion5 in Ihe SORP for Charities applying FRS 102 Ugxlate Blllle(in I not to pRpare a StAtemeni of Cash Fiows. The charity constitutes a publie benefii entity as defined by FRS 102. Golng Loncer At the time of approving the financial staiemenis, Ihe trllstees have a reasonable expectation that the charity adequaie resources to continue in opei'ational exislence for Ihe [0Seeb[e fuluiE. Thus the tDJslees continue to adnpt the going concem basis of acLoulliing in PlEparing the financial statements. 1.3. Taxation As a iegistered chariiy Glyn¢o¢h Comtnuniiy Regeneralion Ltd, is enliiled to ihe exeniption from taxaiion in respe¢1 of income and capildl gains iELeived with sections 478489 of the Corporation Tax Act 2010 and section 256 of the Taxaiion of Chw'geable Gdins Act 1992 ¢0 the extent that these are applied to its charitable objecis putyoses only. Page 13
Glyncoch Community RegenerAtion Ltd Notes to the finaDcial stalements for the yeai. ended 31 March 2025 1.4. Charitable funds Unl'esriicled fiinds are available for use at the discretion of the (rusiees in fui'iheraiice ol their charitable objectivcs. DeEignllted funds compi'ise fuiids which have been sei aside at the discie(ion of the trusiees foi. speLific piirpo8¢8. The purposes and uses of the dcsignated funds are sei out in the nole& 10 Ihe findnLial stateinenls. Restricled funds are subject to specific Collditions by donor5 as to how they may be 11sed. The purposes and uses of ihe restiicted funds are sei oul in the ii(Ftes lo the financial slatemenis. Incomlng resources All iiicome ].% recognised once the ehatity has eniitlemeni to the inc(TrllJe, it is probable that Ihe income will be received and the amount of 2nLume reLeivable ¢dll be Tneasured iEliably. The following.specific polici&% are applied 10 particular catcgorie% OF income.. Cash doiialions are recognised on receipi. Oiher donations are recognised once Ihe charity h&s been no(sfied of ihe donation, ujiless perfoTman¢e ¢ondition% require defeiTal of the atnoun(. tncome lax recovei2ble in relalion 10 donations received under Gift Aid or deed8 of coveRanl is recognised ai the litne of the donation. The value of SerVceS provided by volunteers has not been included in ihese accoiints. Income from government giants. wheiher'capilal, or revenue, is recognised when the charity has enliilement to ihe fund5, any perfomiance conditions attached to the gtanis have been met, it is pi'obable that the income will be received and the amount can be mcasliird reliably and not deferr£d. Capital gi'ant5 are classified in restricted fund8 wiih depreciation charged againsi the fund. Rovm. venue hire and ¢onsuliancy income is included tn the accounts when ihe service is provided. Income from invesimenls is included in the accounis when the reeipl is pi'obable and the amount receivable can be measured irliably. Page 14
Cvlyneoeh Community Regener&t1tt Ltd Notes to the financial statements for the year ended 31 M&reh 2025 1.6. Resuurees expended Liabilities are recognised as expendilure as sooi) tliere is a legal or constl"ULlive oblig21ion committing the chatity to that expenditure. il is probable tha( seitlemeni will be required the MOUnt of the obligaiion can be mea%uTcd reliably. All expendiiure is accounted for on an dccruals bdSIS. Charitable activities expenditure ¢ompi'ises those cos15 illCUTred by the charity in the delivery of its aciiviiies and services fur ils benefiLldL'ies. It includes both costs Ihal can be alloc¢lted di¢1]Y to such activities atjd those cosis of indiiECt nature necessaty to suppori them. Govemancc costs include those cosis associated with meeting the constitutional and statutory reqiitrements of ihe charity and include the audit fees and costs linked to the strategic management of the charily. All eosis allocaied between the expendilUIE caiegories of Ihe Stalemenl of Financial Actlvllies on a basis designed to irflect the use of the resource. Costs relaiing to a pariicular aciivily are allocated dItly. others are apportioned on an appiopiidie basis. 1.7. Tangible fixed assets and depreciation DepttLiaiion is pruvided at rale5 calculaled to write off the cost les5 residual value of ¢aeh asset over ils expecied u5eflll life. as follows: Community centre Over 50 years excluding land artd residual value. Plant & equipmeni 25% reducing balance Impairment uf fixed a&sets At each reporting end dale. Ihe charity reviews the eatrying amount5 of its tangible assets (o deteimine wheihei. there is any indication ihot iho8e a.et5 have suffered an impairinent loss. If any Such indication exists. the recoveiablc amouni of the asset is estimated in order to detemjine the exieni of the impairment Itk%S lil any). 1.8. Penslons Employee5 of the Lharity entitled to join a defined coniribuiion "moncy purcha%e' scheme. The chaiity conti'ibulion is restricd to the Colllribiition disclosed. Cosl.s are allocated between restiicted and unresiricied funds. Critical Bccollntin¥ estimales and judgements. In the appliealion of the ¢hk)riiy's accounting polÉcies, the trusiees are required to make judgemenls. eslitttciles and as%umplion.£ abolit the can'ying amount of assets and liabilities that are noi readily appaittil from other 50111res. The estimates and associated assumption8 are based on historical exptti'ien¢e and oth. factot5 thai are con.%idered to be relevant. ActU£il resiilis may differ fiDrii these es(itnales. The estimates and underlyillg &ssumptions are reviewed on an ongoing basis. Revisions lo occI)unling es(imaies are iEcogni5ed the periijd in which the esiimate is revised where the revision affects only that periud, oi. in the period of the revisiun dnd fuLure peri(xls wliere Ihe revision affects boih current and fuluie pei"iods. Page 15
Glyncoch Communlty Regeneration T.Id Nule& to the fJnancl#l slalements for the year ended 31 March 2025 Inci)ming Resources Tota year lo 31103125 Total year lo 31103124 Included wiihin Incoming Re50uire5 for the year are.. Grants Received.. Unre51ricted-. Interlink RCT Bryncyjion Commiinily Revival Strategy Ltd Trivallis 1,500 640 400 2,540 Resiricled.. R&stricted grant income 132,102 128.485 Total Granl inLume 132,102 131.025 Donalions and le acies Donaiioiis and legacies 4,799 4,799 Income from IradÉng activitie5 Venue hire and rent Consultancy and other services 10,069 10,558 9,930 3.778 20,627 13.708 Other income Solw. Panel Income Other Income 4.308 974 5,282 Tolal ineome 158.011 149.532 Page 16
Glyncueh Communily Regeneralion l.td Notes to the financial slalemcnts for the year ended 31 March 2025 4 Total resources expended BA5is or Chorilgble Total Total year to year t 31103125 31103124 Alloeatio Gvv¢rnan¢t Governance costs Indepeiident exdminers fees Direci 2.400 2.400 3.174 2.400 2.400 3,174 Support Costs allocated to activilies Staff Co¢5 Training a[ oih¢r slatf costs PrillliDg, po%lage and %iationery Premises cosis InsiiTancc Legal & Professkonal Telephonc and inleTnet E.T. Lusts Bank ChaTgc5 General cosls of charitable activities Deprccialion and impairment Direct Direct Dire¢t Dittci 90,422 54 250 32,414 3.528 4.889 1,213 3.063 535 16.297 62,619 90.422 54 250 32,414 3.528 4,889 1.213 3,063 535 16.297 62.619 101,756 2,646 47 24,634 3.557 35 1.308 3,737 445 8,973 62.185 Dire¢t Direct Direct Direct Dire¢t Direct Direct 215,284 215.284 209,323 215.284 2.400 217,684 212.497 Governance COb¢s itLLludes payments lo the iiidependent examiners of £ (last year.. £2,674) for independenl eXanatiOn fee5 and £ (last year.. £5001 for accoiintancy seivice5. Net Incoming IOutgoingyResourees . Item.$ arriving at the net movement To191 year to 31103125 Total year to 3110J124 This is stated after chorgingl(creditins)'. Depre¢iatioD_ Independent examiner8 fees 62,619 2,400 62,185 3.174 Pug¢ 17
Glyncoch Communily Regeneration Ltd Nvtet+ to the fln&neIal statements for the year ended 31 March 2025 Stkfl Costs Tolal Tolal year to year to 31103125 31103124 Siaff cosis during the year comprised uf ihe following.. Wagc8 and salaries Social security cosls Pension contributions 82,272 2.953 5,197 95,229 1.833 4,694 90,422 101,756 The avei?ge OF full lime dn(J full time equivalent employees duriTr8 (he year was as follows: Admiiiislralion and 5UPPOrt DirecL sei'vice deliveiy Key management personnel The key managemenl personjiel as detailed in the tiustee'5 report received beneftts (consisting of gross Salary. employers, nationdl insui'ance and employers pension) totalling £90,422 (last year.. £101,756). Employees earning > £60,000 There was no employees whts received emoluments of £60,000 or mote durillg the ye"12024.. nil). Truslees None of the trustees lor any persuns Lonnecied with Iheml received any Temun'atiOn or benefits from the chatity during (he current or prior year. Page 18
C.lytEcoch Community Regeneration Ltd No¢es to ihe financial slatements ror the year ended JI March 2025 rank)ible fixed SetS Communlty cenlre Plant equipment Total Ctist or Valuation At l April 2024 Additions 1,163,459 51,601 1,215.060 1.074 1.074 At 31 March 2025 1,163,459 52.675 1.216,134 Depreefiatlon At l Api'il 2024 Charge for the year 616,679 58.174 42,8Q7 4,445 659,486 62,619 At 31 March 2025 674,853 47,252 722,105 Net book values Ai 31 March 2025 488,606 5,423 494,029 At 31 Mairh 2024 546,78U 8,794 555,574 Debtors 2025 2024 Trade deb¢oiB Oihei" debtot Prepaymenis 2,255 272 1.570 592 592 4,097 Creditors: amou1$ fplling due within one year 2025 2024 Trade credtiors Othei creditors Grants paid in advance 692 801 6,558 6,635 6,635 8,051 Page 19
O V) 00 00 Intho thm }]1 0100
Glyneoch Community Regeneration Ltd Notes lo the financial statements for the yeAr ended 31 March 2025 Movement on Funds (Continued) Unresli'icted geiieTal funds may be spent genei'ally for the furtl)ering the charitable work of Glyncoch Community Regeneration Ltd. The fund iii this category is th¢ General Fund. The unrestricled Designaled funds have been set aside out of restricted funds by the Trustees for specific purposes: _ Fixed assets- represents the thnctional fixed assets (fittings and equipment) used to further the charity's aims that do not have restrictions placed on them. Building fund - represents amounts designated for utilisation in future p¢riods for th¢ phase 3 build. Restricted Funds Cominunity ¢entir capital funding- the following grnnls and reslricled income were received specifically towards thc cost of building a Iicw Community Centre and other capital items; Coiiimunity Centre PIDject. Big Lottery Fund. RCT Homes, Welsh Govemmenl Aggregales Levy, CED, Welsh CJovernm¢nt CFAP, Glyncoch Community Centre Committee, Welsh Church Act and RCT CBC. Depreciation is IEleased against this fund each year. Commuiiities for Work Plus was provided to help regenerate the ¢ommunity of Glyn¢o¢h, educationally, socially and cconofflically. The fund is divided into allocation5 e.g. trainin& community events, staff salaries, associated costs of time banking and each stream under the programme has v¢ry sp¢¢ifi¢ I'estri¢lions on whal sort of expenditure can be ¢laiined. RCT Food Support Scheme- fuiiding reccivcd towards the food panty schctne of the centre. RCT SPF- grant fundinLi for projeLt worker and three new projects for 2024125. UK Shared Prosperity Fund (UKSPF)- Multtply .nt is a UK government initialive aimed at improving adult nuineracy. Interlink RCT- grant funding towards the food panty scheme. Postcode Lottery Fund _ grdnt to support Community prOjt including games nighL and project worker. Playscheme - fiinding received to fund the play scheme activities within the centre. Food Pantry Sch¢me- funding received to produce wam] food and drinks within the cenlre. Youth ¢lub- income received to fund the youth club activities of Ihe centre. The National Lottery Community Fund- Ihis grant was received to fund I play leader and 2 play woi'keis, to dcliver playschetne for children aged 5-1 l years old dui'ing summer holidays. Awards for All - income received to fund the youth project. PAge 21
Glyncoeh Commullity Reg¢n¢ration Ltd Notes to the fin*ncial statemenls for the year ended 31 Mareh 2025 Analysls of Net Asse¢s between Funds Total 2025 Unrestricted DL4igna¢ed Res¢rieted Tangible Fixed Assets Curreni Assets 3,465 32,000 490,564 17,207 494,029 76.265 27,058 27,058 35,465 507,771 570,294 12 Company limitsd by guaranlee The company is liinited by guarnntee and has no share capital. Every membcr of the company undertakes lo contribute to thc assets of ihe company, in the event of windin&i up, such aj) amounl as Inay be IEquired not exceediiig £1. Page 22