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 dilEC￿r$ 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
Accou￿ting 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 State￿entS are set out
belaw. These policies have been consislenLly applied io all ye￿5 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
Ch￿l(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 [0￿See￿b[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 SerV￿ceS 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&t1￿tt 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
dI￿tly. 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 restric￿d 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 eXa￿￿natiOn 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: amou￿1$ 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
010*0

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 prOj￿t 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