Company registration nurnbeT'. 07872629
Charity regists2tion number." 1147865
Canolfan Gymunedol Ystradowen Community Centre
Ltd
(A company limiled by gLkarantee)
Annual Report and Finan¢ial Staterntnts
forthe Year Endcd 31 Marth 2023
Fergusons & Peiers Chartered Accounraors
10 Wesi Street
Gorseinon
Swansea
SA4 4AA
Chartered Accountants
•ACI54KfjZ4
2Q112r1023
COMPANIES HOUSE
#149

Canolfan Gymunedol Ystradowen Community CeDtre Ltd
Contents
Reference and Admini5trdtive Details
Strategic Report
Trustees. Report
3to5
Independenr Examinevs Report
Sthtement of Financial A¢tivitLes
Balance Sheet
Notes to the Financial Statements
9tt>19

Canolfan Gymunedol Ystradowen Community Centre Ltd
Reference and Administrative Details
Ch&irman
Mr David Belcher (retired)
ChArity Registration Nurnber
1147865
Company Registration Number
07872629
The chanty is ineoTtorated in UK.
38 New Road
Ystradowcn
Carmarth¢n
SA9 2YY
Registered Office
Independent Exgminer
Fergusons & Pei¢rs ChaJteNI A¢wunrants
l O Wesl Str¢¢t
Gor5eiT￿n
Swansea
SA4 4AA
Page I

Canolfan Gymunedol Ystradowen Community Centre Ltd
Strategic Rewrt for the Year Ended 31 March 2023
The trustees, who are directors for the PUryM)se5 of Company law. present their strategic report for the year ended
31 March 2023. in complian¢e with $414C of the Companies Au 2006.
Achievtments and perforni&Thce
Ystrtdowen Community Centre has been a great support to the COMM￿nIty throughout the years uniil pr¢sent
day whieh h&s proven that the community needs our essential services on a daily tt> *ekly basis.
OUT services are exp3nding and developin8 further to mttt communiry necds. Following the lead of th¢
community. we will be opening new and excitsng projects to supp)rt the locality and surrounding areas in the
future.
Our Drivers not only deliver all our tateTin8 servicts but take people sh¢)ppingl¢bctors. dentlSt and eyt
appointments along with providing schwl rurbs. In fact whatcver the community needs ar¢_ Th¢y are a great
support when dealing with our Lun¢heort Club ¢lients throughollt each week.
Our kitthen staff are doing a brilliant job providing three differtnl ¢a*rirtg services from our kitrhen (Buffets,
Community Cafe and Luncheon Club). They take great care dealing with different individtsals and functions we
cater for.
Our Community Supp)rt Supervisor Is continuing w keep the community hub sustainable with a variety of
su¢¢essfvl seThi¢es and a¢tiviti¢s to support th¢ organisation and the communtty.
As for the volunteersltrustees they put all they cath irtto the Centrt and 80 over and aFK)ve. Without them we
wouldn't be able to provide su¢h essential seNi¢es io the locality and surro￿nding areas. They &re key to the
suecess of our organisaiion.
I would like to thank all the staff. volunteers. and ¢TUStees for the great wk they do.
We will continue the great work we do and help even moTe people in the yeaTS to come.
The strategic report was approved by the trustees of the charity on l November 2023 artd sigrted on its behalf
by..
Mr David B
er Iretiredl
Chaimiam and trustee
Page 2

C3nolfan Gymunedol Ystradowen Community Centre Ltd
Trustees, Report
The tru5tce5, who art directo￿ for the purposes of company law, present the annual report together with th¢
financial sthiements of the charitable ¢cKopany for the year ended J l March 2023.
Objective$ a￿d #C¢ivities
Objects and oim5
Obje¢tiv¢s and aims
The charity's objectives arc as follows-.
- to further or benefit the residents of Ystradowen gnd the surrounding a
-to advance education-
-to Provide fa¢ilities in the ifttrrests of social wElfare for recreation leisure time 0¢￿P￿l0n. and
-to improve The condilion of life br the residents
Objeclives, str1￿egItS t7divities
Ystradowen Community Cenlre has been a great support to the community throughout the yeats and especially
through the pandemi¢ ur21il present day. which has proven that the community necds our essential services on a
daily and weekly b￿1$.
Our setvi¢es are now slowly pickÈn8 back up afttt the pandemic and we plan to expand our setvices in the
future followiTh8 the lead of the community with new and exciting projects..
Our drivers not only deliver all ovr Catering se]victs but take people shoppints visits to the doctors, dentists and
eye appointments. along pmwding schoDI nJThs. In fae¢ whatever the comrnuntiy needs are we are there to
provide the support. The dirvers also suppoff the lunch￿)n club clients throughout the week.
0￿r kitchen staff are doing a brilliant job providing three different catering St￿l£e$ frnm our kitchtn. such as
buffets, the community cafe and the luncheon dub. They take great Care dealing with different individuals arhd
nciions ihai we ¢atu for.
OUT Community SUPPOrt supervisor wo￿$ her socks off. Doin8 more than some would by oveTseeithg the whole
of the work done at the cenlre.
As for volunteerslirnstees ihey put all they can into the Centre and go over and above their duties. Without them
the Centre wouldn't be able to provide such essential scrvice5 to the lo￿1 ¢omrHunity surrounding ar¢as.
I would like to thank all the staff. volurttee￿ and trust￿ for the great wY)rk they do.
We will continue the great Work do and help even more pcople in the years ￿ come.
Public benefii
Activities llndertaken to further
blic benefit
The trustces confirm that they have Complied with the r¢qllir¢ments of section 17 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Tru￿tts and offiters
The trustees and offi¢ets serving during the year and sin¢¢ the yezr end w%re &$ follows..

Canolfan Gymunedol Ystradowen Community Centre Ltd
Tru5te¢s' Report
Trnstees..
Mrs Doreen GJ¥)ve (retired)
Mr David Belcher {retired)
Ms Kathryn H￿ght5 (app)inted 20 September 2023)
Ms Daphne Jtsne5 (retired)
Mr Keith tk)nald Davies (retired)
Mrs Margarti Llew¢llyn {ap￿inted 27 February 2023)
Ms Julie Rhchards (8ppointed 23 January 2023)
Chairman..
Mr David Bekher (retirtd)
Stru£ture) governance and management
N&thre ofgoverning dottsM¢rtl
The charity is a Charitsble company limited by guarantee and is governed by its Memornndum and Arti¢l¢s of
Association.
Financial in5trurnents
Obieciives attdpolici
The charity's a¢tivilies expose li ￿ a rtumber of financia] risks including credit risK cash tlow risk and liquidity
risk. The use of financial derivaijves. is governed by the ¢h3rity'S policies approved by the board of trustccs.
which provide ￿itten pnnciples on the use of financial denvatives to manage these risks. T1ie charity doe5 1¥)t
usc derivative finaDti81 Instrumen￿ for specul*ive purposes.
C4sliJ7ow Tisk
The charity's actlvities expose it primarily to the financial risks of change5 in foreign currency excliange rates
and interest ra￿$. The charity uses foffign exchange fonwd contracts and interest rate Swap contracts to hedge
these exposures.
Interest bearing as5cts and liabilitic5 held at fixed rate to ensure eertainty of cash flows.
Credi¢ risk
The charity's principal financial assets are bank balan¢¢s and ¢ash. rrad¢ and other ￿ceiVable5, and investments.
The Charity's eredit risk is primarily attributable to its trade rtceivables_ The amounts presented in the balance
sheet are net of allowance5 for doubtful receivables. An allowance for impaimi¢ni is made where there is an
identified loss eveni which. based on previou5 experience, is evidence of a redu¢tion In the recoverability of the
cash flows.
The ciedit risk on liquid fvnds and derivativ¢ financial irLStrnments is limitcd kcause the o)unterparttes are
banks with high ¢redil-iaiings assigned by irt*rnatsonal ¢redi(-raiing agencies.
The ch￿lty fio significant ¢on¢entia(ion of credil iisK with ¢xposure spread over a large number of
¢ounteTparties and ¢usiomets.
Liquidity risk
In order to rnainwn liquidity to ensure that syffi¢ient funds are available for ongoiDg operations and fvwre
developments, the charity uses a mixture of long-term and short-iem deb( finance.
Further details regarding liquidity risk can be found in the Sta*ment of a￿O￿nting w)licies in the financial
statements.
Page 4

Canolfan Cymunedol Ys¢radowen Community Centre Ltd
Trustees, Report
SIAiement of tru$tets' rtSPDrt$ibilitiÉs
The trustees (who are also the director5 of Canolfafi Gymuncdol Ysttadowen C(xnmunity Centre Lid for the
Putposes of company law) are responsible for preparin8 the tru51¢e5' report and the finan¢Jal statements in
accordance with applicablt law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice). including FRS 102 "The Financial RerA)rting Stsndard applicable in Ihe UK and
Republic of Ireland"
Company law requires the tnjstees to p￿part financial statements for each fjrtancial year. Under company law
the irusiees musi ttot approve the financjal 5tatemellts unless they are satisfied that they give a true and fair view
of the state of affairs of the ¢haritsble company and of the Incomin8 resouTce5 and application of resource5,
including its income and expendilure. of the ¢haritable ¢ompany for that period. ITh preparing these fi[ba￿la1
Statements. thc tru5tecs are required to..
select suitable accountin8 wlicie5 and apply them COnSiS*ntly-
observe th¢ meth(Kts and pnnciples in the Charities SORP-
make juduements and &stimat&s thai are reasonable and prudenL
state whether applicable ac£ouniin8 Standards, comprising FRS 102 have bttn followed, subject to any
material departures diYlosed and explained in the financial 5tstements- and
prepaTe the financi31 staternents on die going con¢em basis unless li is Jnapp￿priat¢ to presume that the
charitable comparby will continue in bjsintss.
The tnjstees are responsible for keeping proper accountinu records that can disclose with reasonable accuracy at
ny lime the fiDan¢ial position of ihe eharitable company and enable them io ensure that the financial staternents
¢omply with the Comparties Aci 2006. They are also responsible for 5afttsuarding the assets of the charitable
company and hence for faking reasonable steps for the preveniion and de*ctkon tsf fraud and other irreoularities.
The trustees are responsible for the maintenan¢e and Integrity of the eorpDrate and financial infomiation
ineluded on the charitable CoMpan￿S website. Legislation goveming the preparation and dissemination of
financia] statements may differ from legislation in other jurisdictions.
The ar￿Ual report was approved by the trustees of the charity on l November 2023 artd signed on its behalf by..
Mr David Belcher (retired)
Chairtnan and trusttt
Page 5

Canolfan Gymunedol Ystradowen Community Centre Ltd
Independent Examiner's Report to the trustees of C2nolfan Gymunedol Ystradowen
Community Centre Ltd {'the Company,)
I rep)rt to the tharity trustees on my examinaiioth of th¢ a¢£ounts of the Company for the year ended 31 March
2023.
Responsibilities and basis of report
As the charity's trnstees of the Company (and also its directots for the purposes of company law) you are
responsible foi. th¢ preparation of the a¢¢ourtts in a¢eordance with the requirements of the CoThpanies A¢¢ 2006
('the 2006 Act'l.
Havin8 satlsfied myself that thc acttyjnts of the Company are not required ¢0 be audited under Part 16 of the
2006 Aci and are eligible for independent examination. I report in respe¢r of my exsmi￿lon of your charity's
accounts a5 carried out undcr section 145 of the Chtrities Act 2011 {'the 201 I ACL.). In caryin" out my
examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the
2011 Act.
Independent examiner's statemeni
I have completed my examination. I confirm that no mallers have Come ￿ my a￿oI10n in ¢oThThection with the
examination giving me caijse to believe=
accounting records were rK)t kept in respect of Canolhn Gymunedol Y$tr￿[OW¢n Community Centre Ltd
as required by section 386 of the 2006 ACL or
2. the accounts do rtoi accord with those records- or
3. the ac¢ounts do noi Comply with the a¢¢ounting requirements of section 396 of the 2006 Aci other than
any requiremeni the accounts give a'true and fair view. which is not a matter wn5idered as part of art
independenl examination" or
4. the accounts have not been prepar￿ in'accordance with the methods and principles of the Ststement of
ecommended Practice for accounting and r¢porting by Charities lapplicable to charities pr¢paiin8 their
accounts in accordance with the Financial Reporting Slandard applicable irt the UK and Republic of
Ireland (FRS 102)].
I liave w ¢orK¢ms and hav¢ ¢ome across no other matters in connec(ton with the examination to which attention
should be drawn in this rcport in order io enable a pmpei understsnding of the accounts to bc reached.
Dean Ben12mous FCCA
10 West Street
Gorseinon
Swansea
SA4 4AA
l November 2023
Page 6

Cgnolfan Gymunedol Ystradowert Community Centre Ltd
Statement of Financial Aetivities for the Year Ended 31 Marth 2023
IIn¢luding Income 2nd Expenditure Aeeount and Statement of Total Reeognised Gains
and Losses)
Unre5tricttd
funds
Rtttricted
funds
Totsl
2023
Note
Income and Endowmettts frnm:
t)onations and legacies
Charitable activities
Investrnent income
1,502
81,623
32
1.502
114.258
32
32.635
Total income
83,157
32,635
15,792
Expenditure on".
Rai5inir funds
Charitable activities
{10,381)
94.4471
{10,381)
129,690)
(35,243)
Total expertdiiure
(104.828)
35.243
140.0711
Nei expenditure
{2,608)
{24,279
Net moverntnt in funds
{21.6711
(2.608)
{24,279)
Reconciliation of funds
Total funds brought for¥wdrd
163,815
130
163.945
Total funds carried fonvard
14
142.144
Unrestricted
funds
2.478
Resiricied
fund$
139.666
Totil
2022
Note
Income and Endowments frorn=
Donations and legacies
Charitable activities
Investment income
1,578
58.344
1,578
104,425
46,081
Toial income
59,924
46,081
106.005
Expenditure on:
ChaJitable activities
39.306
(68.106
(107,412)
Total expenditure
139J06
68.106
107.412
Nei incomel{expenditure
20.618
(22.025)
11,4071
Net movement in funds
20,618
(22,025)
(1.407)
Reconciliation of funds
Total funds brought forward
143,197
22,155
165.352
Total fijnds carried fon¥ard
14
163.815
130
163.945
All of the charity'5 activitbes derive from (oThtsnuing operations dunng the above tw period5.
The ￿ndS breakdown for 2022 is slwwn in note 14.
The notes on pages 9 to 19 forn an integral part of these fivancial sts*ments.
Page 7

Canolfan Cymunedol Ystradowen Community Centre Ltd
(Registration number: 07872629)
Balance Shtet as at 31 Mareh 2023
2023
2022
Note
Fixed assets
Tangible assets
Investments
10
59.633
5,000
60,078
5,000
64.633
65,078
Curreni •ssets
Debtors
Cash at bat)k and in hand
12
4.948
89.097
1,215
100.852
94.045
102,067
Creditors- Amounts f*lling due within one year
13
119.012)
13,200
Net turrent
75.033
98.867
Nel assets
139.666
163,945
Funds of the th2rity:
Restricted income funds
Restricted fvnds
14
691
3,310
Unreslricted income fund5
Unrestricted fund5
138.975
160,635
Total funds
14
139,666
163,945
For the fJnan¢Jat year ending 31 March 2023 the charÈty was en¢iLied to ¢xemwion from audit under section 477
of the Companies Aa 2006 relating ¢0 small ¢ompartJes.
Directors, Tesponsibililies..
The members have not reqlli￿d the ch8rity ro obtsin an audit of its accounts for the year in question in
aC￿rdanCe with section 476" and
Th¢ directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting record5 and the prepardtion of accounts.
Tht financial 5tattments on pages 7 to 19 were approved by the trustce5. and authorised for issue on I
November 2023 and 5i8ned on thtir behalf by=
Mr David Bel
er (retired)
Chairman and trustee
The Th)t¢s on pages 9 ￿ 19 fom an in*gtal partof these financial statements.
Page 8

Canolfan Gymunedol Ystradowen Community Centre Ltd
Notes to the Financial Statements for the Year Ended 31 Mgrth 2023
I Ch#rity statts$
The charity is limited by guataniee. Incorporated Jn UK. and consequently does not have Sha￿ Capithl. Each of
the trustees is liable to contribute an amount J￿¢ ex¢eeding £Nil toward5 the &8sets of ihe ¢harity in the ¢v¢nt of
liquidation.
The address of its registered office is=
38 Ntw Road
Yslradowen
Cam12rthen
SA9 2YY
These financial statcments were authoris•J ftir issue by the tsijstees on l November 2023.
2 Accounting policles
Summary of siuNifIca￿t *c¢ounting policies and k¢y accounting estim8tes
The Principal 8c¢ountirtg policies applied in the preplrdtion of these finan¢ial statements are set out below.
These w)licies have been wnsisonily applied to all the years presented. unless otheThvise ststed.
Statement of compliance
The financial siatements have been prepared in accordance wtth Accounting and Rep)rting by Charities..
Statement of Recommended Practice (applicable to charities preparing their a¢counts in accordaThce with the
Financial Reporting Srandard appli¢abl¢ in ihe UK and Republic of Ireland (FRS 102)) {issu¢d in October 2019)
{Charities SOIIP (FRS 102)), the Financial Reportin8 Standard applicable in the UK artd Republic of ]￿land
IFRS 102) and the Cotnpanies Act 2006.
B8sis of pr¢pAra¢ion
Canolfan GyThunedol Ystradowen Communiry Centre Ltd rneets the defjnition of a publi¢ ben¢fJt entity under
FRS 102. A5seLS and liabilities are initsolly re￿gniSed at historical cost or trJnsaction value unless otherwise
stated in the relevant accountin8 wlicy notes.
Going concern
The tTUStees consider that there aTe no m•erial ￿n￿naiTrtieS alx)ut the charity's ability th continue as a goin8
concern nor any signiflcant areas of uncertainty thar affect the catryin8 value of assets held by the charity.
Exemption from preparing * casb flow ststement
The chartty opted to early adopt Bulleiin I published on 2 Febwary 2016 and have therefore not included a c&8h
flow sthtement in th¢s¢ fLnancial statements.
lThcome #nd endowments
All income is recognised onct the charity h&$ entitlement to the Incom< il is probable that the income will be
Teceived afid the amount of the income r¢uivable can be meaSU￿d feliably.
Page 9

Canolfan Gymunedol Ystradowen Community Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Deferred income
Deferred income represenLS amounts received for future periods and is released to incomhng resources in the
period for whi¢h, it has b¢¢n r￿elVe￿. Such income is otlly deferred when=
- The donor spe¢ifie$ that the grant or dc*tation must only be used in fijwrt accountitlB periods" or
- The donor imFosed eonditioms which must be met before the charity has unconditional entiilemenL
InveslmenÉ incon
Dividends are recoJts iised once the dividend has been declared and notification has been re¢eived of the dividend
due.
Expenditure
All expenditure is recottnised once there is a letsal or constructive obligation to that expeDdiiure. li is probable
Settlement is required and ihe amouni can be measured reliably. All costs are all(Kated io the applicable
expenditure heading that 4gregaie similar costs w thai category. Where costs cannot be direcdy attributed to
parti¢ular lieadings they have been allocated on a IMSIS ¢OnSiSL¢ni with the of resources, with ceThtrdl staff
costs 211ocaied on the basis of time spenL and depieciation charges allocAted on the portion of the asset's Use.
Other support Costs are allocated based on the spread of s¢aff costs.
Rai$ingfunds
These are costs incutTed in aLtracting voluntary incorn< the management of invesmients and those incurtd in
tradtng aciivities ¢hat raJs¢ funds.
ChurilublÉ aclivili
Charitable expenditure comprises those ￿$ts in¢u]red by the charity in the delivery of its a¢tlVllie5 and seThice5
for its beneficiarics. It include5 both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support thcm.
TaxatioTh
The charity is Considered to pass the t¢sts set ou¢ io PatagTaph I Schedule 6 of the Finance Act 2010 and
therefore it rnccts the dcfinition of a charitable company for UK corp)ration tax purposes. AccoTdingly, the
charity is potcThtially exempt from ￿all0￿ in respect of income OT capital gains reteived wthin ¢aiegories
coveied by Chapter 3 Part I l of the CorrA)ration Tax Act 2010 or Section 256 of the T&xation of ChaTgeable
Gains Act 1992, to the extent ihat Such income or g￿Ths are applied exclusively to charitable purposes.
Tgngible fixed assets
Individual fixed ￿Sets c05ting £0.00 or more are initially recorded at cos4 less any subSeq￿nt accumulated
depreciation and subsequeni accumulaied impairn)¢nt losses.
Business tombiniiions
Business combinations are accounted for under the purch&8e method. Where necessary. adjustsnents are made to
the financial statements of subsidiaries to bring the accounting w)licies Used into line with those used by the
charity. All inira-8roup transactions, balances, income and ¢xpenses are eliminated on consolidation. In
a¢cordan¢e with Se¢iion 35 of FRS 102, Section 19 of FRS 102 has not been applied in these financial
statements in respeci of b￿sinesS combinations effe¢ied priorto the date of transition.
Page 10

Canolfan Gymunedol Ystradowen Community Centre Ltd
Notes ¢0 the Financial Statements for the Year Ended 31 March 2023
Wixed asset investments
Fixed asset investmertls, other than progrdmme related Investmen￿ are includ￿￿ at market value 3t the b￿ance
sheet date. Realised gains and losses 00 investm¢nLS are calculated as the difTeren¢e between sal¢s pweeds and
their market value at the 5t&rt of th¢ year. or their sulmquent cost, and are Charged or ¢Tedit¢d to the Statemeni
of Finan¢ial AetLVlties in the period of disposal.
Unrealised gains 3nd losses represent the movement in rnaTket values durintr the year and are cttdited or
charged to the Statrment of Financiaj A￿1VitieS b&scd on the market value at the year end.
Trade debtors
Trade debtots are amounts due from C￿toMerS for merchandise 501d or servitts performed In th¢ ordinary
course of busincss.
Trade debtors are reco4Vnlsed initially at the transa¢iion price. They ar¢ subseqllefttly measured at amortised cost
using the effeuive interest method, less provision foT impwm¢ni. A provision for the impairnent of tTade
debtors is estsblished when there is objective evidcnce that the ¢han"ty will not be Lble to collect all amounts due
a¢¢ordiag to the orjginal t¢mis of the receivables.
Cash and tash equivalents
Cash and ¢ash equivalents comprise on hand and call dep)sits. artd other shon-temi highly liquid
investments that are readily ¢onvertible to a knwn amount of cash and are subj¢c¢ ¢0 an insignificant risk of
change in value.
Borrowings
Inierest-bearing borrowings are initially recorded at fair value. net of tran￿¢bon costs. Interest-bearin8
borrowings are subsequetttly ¢2rried at amortised cost, with the difference between th¢ pio¢eeds, net of
trnn5action c05ts. and the artjount due on redtmpiiort being recognised as a charge to the Statement of Firt2rtcial
ActivitiC5 over the period of the relevant bonowin&
Interest expense is reco¢rnised on the basis of the effeciive inierest method and is included in interest payable
and similar char8e5.
Botrowings ar¢ Classified as current ljabilities unless the charity I￿S an unconditional right to defer s¢ttl¢ment of
the lJ3bility for at least twelve months after ihe rerA)rtin¢v date.
Pagell

Canolfan Gymunedol Ystradowen Community Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Foreign eychgnge
rrdnsactions in foreign currencies are recorded at the rdte of exchange at the date of the trdnsadion. Mothetary
ets and liabilities d¢tK*minated in for¢i8n ¢urrertcies at the balance sheet date are reported at the rates of
exchange prevailing at that dale.
The results of overse&% operdtioThs are translated at the avera8e ratts of exchange during the period and their
balance sheets at the rates ruling ai the balance 5heei dale. ExchanDe differences arising on translaiion of the
openin8 nei &%sets and results of oversw operations are reEM)rted in other comprehensive ir)come and
accumlllated in quity (attributed to nort.controlling Lnterests Is appropriate).
Other txchange differences art recognised irt the Statement of Financial Attivities in the period In which thry
arise except for..
l) exchange differences on trdnsaclions entered into to hedge certain foreign tu￿tneY risks {see above).
21 exchange differ¢rtces arising 00 gains or losses on non-monetary items which are recogThised in other
comprehensive in￿rne" and
3) in the c*se of the consolidated financial statements. exchange differer¥ces on monetary i*ms receivable from
or payable to a foreign operdtion for which settlernent is neither planned nor likely to ¢xcur (therefore foming
part of the ntt invcstmtnl in the foreign operation). which arc recognised in other cornprchen$ive in¢ome and
rekx)rted under equity.
Fund structure
UnTtstTlCted income funds are geneTa] funds tha¢ are available for use at the trustees discretK>n in furtherance of
the objectives of the charity-
Restricted incorne fund5 are those donated for use in a particular area or for specific purposes, the use of which
is restricted to that arta or purpose.
Financial instruments
Clts$s1f￿aiio
Financial &5sets and financtal liabilitie5 are recogni5ed when the charity beeomcs a party to the contrdcttjal
Provisians of the instrument.
Financial liabilitIes and equity insrrnm¢nts are ¢la5sifi¢d according to the substsnce of the contractual
arrangements entered inw. An equity irtstrument is any ¢ontra¢L that eviden¢es a residual interest in the assets of
the charity after deductins all of its liabililies.
Pa8e 12

Conolfan Gymunedol Y$tradowen Community Centre Ltd
Notes to the Financial Statements for tbe Year Ended 31 March 2023
Recogni¢ion and meusurett*nl
All fjnancial assets and liabilities are initially measured at ¢ransa¢tion pri¢e lincludirtg b￿SaCrI0n costs). except
for those flnancial assets Classified as at fair value through profht or Ios5. which are initially measured at fair
value (which is nomally the transaciion price excluding trdnsaciion costs), unless the aT￿ngemen1 constitutes a
rinancing iransaction. If an arrartgement constimtes a financing transaction. die financial &sset or flnancial
liibility is measured at the presen¢ vlue of the fullJr¢ payments dis¢ounted at a market r* of interest for a
similar debt jnstNment.
Finart¢ial assets and liabilities only offset in the siatemenl of financial p051tion when. and only when thcre
exists a legally enforceablc right to sei off the recognised amounts and the charity intends eithtr lo settle on a
nei basis. or to realise the asset and settle the liability simultaneously.
Financial assets are dereco8ni5ed when and only when a) the ¢ontracwai righrs to the cash f]ows from the
financial ￿et expire or are settled, b) the charity transftrs to another paTty substaniially all of the risks and
rewards of ownership of the fjrtancial assel or c) the charity. despite having retained some. but not all,
significant risks attd rewards of ownership. has transferred cotltrol of the Isset to anoiher party.
Financial liabilities are derecognised only when the obligation specified Jn the ¢ontr8ct is dis¢h8rg¢d, ¢an¢ell¢d
or expires.
Page 13

Canolfan Gyrnunedol Ystradowen Community Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Debiinsir4mènts
Debt instwments which meet the following condiiions subsequently me&sured at amortised cost using the
effective interest method..
{a) The contracttjal return to the holder s (i) a fixed amounL (li) a positive fixed ratr or a positive variable rate;
or (iiil a combination of a positive or a ncgative fixed Trte and a wsitivc variable tate_
{bl The contraci may provide for repayments of the principal or the ￿ttIM to the holder Ibui not both) to be
linked to a single ￿levant observable index of general piice iofl•ion of the currency in whi¢h the debt
jnstrurnent is dellominated. provided such links are not leveraged.
(c) Thc contract may provide for a detenninablc variation of the return to the holder during the life of the
instrument. provided that {il the new rdte satisfies condiiion (a) and the variation is no¢ continoent on filture
events other than (l ) a change of a contractual variablt rate. {2) to protect the holder against credit deterioraiion
of the issuer, {31 ¢hanges in levies applied by a ¢¢ntral book or arising from chan8es in relevant taxation or law..
or {ii) the new tate is a markd ra￿ of interest and satisfies ¢ondi¢iorJ (al.
Id) ThcTe is no contractual wovision that ayjld. by its tenn& result in the holder losing th¢ prin¢ipal amount or
any interest attributable to the Current peri(Ml or prior period5.
le) Contractual provisions tha( Fmiit ihe issuer to prepay a debi instnjment or pern)it the holder to put li back ro
the i5sueT before maturity art not contingtnt on futyre tvents, other than to proteci the holder against the credit
deterioration of ihe issuer or a chan8e in control of the issuer, or to prnttct the holder or issuer against changes
in levies applied by a central bank or arising fmm ¢h8nges In ￿levant taXat￿n or law.
(fj Contra¢tsJal provisions may pemif the exiensiort of the Lemi of the debt insrrumen4 provided that the retum
to the holder and any othe* ¢ontra¢tyal provisions applicable durin8 the extended term satisfy the condition5 of
paragraphs {al to {cl.
tkbt insttuments that ue classified &8 payable or receivable within one year on initial recognition and which
eet the above conditions are mcasurcd at the undiscounted amouni of the cash or other consideration expected
to be paid or received. net of impairmeTht.
With the exception of some hedging instrumcnts. other debt instruments not meeting these conditions are
Me￿￿red at fair value through profit or Ios5.
Commitments to mak¢ ot)d re¢eive loans ￿1¢h meet the ￿ndItionS mentioned above are measured at tost
{which tnay be nil) less ImpaiTmen¢.
rtvesittjents
Invcstrnents in I￿￿-cOnvertIble preference shares and non-puttablt ordinary or preference shares {where shares
are publicly traded or their fair value is rtliably measutablel are measured at fair value thTtsugh profit or loss.
Whei"e fair value cannot be measured rtliably. investments are measured at cost less im￿rMent.
Investments in subsidiaries and asso¢iates are measured at wst less impairnienL For tnvestmtnts in subsidiaries
acquired for consideration including the i5SUt of shares qualifyrng for merger relief. cost is measured by
reference to the nominal Yalue of the shart5 issued plu5 fair wdlue of other considcrdtion. Any premium is
ignored.
Page 14

Canolfan Gymunedol Ystradowen Community Centre Ltd
Notes to the Finaneial Statements for the Year Ended 31 March 2023
Deriv4¢ivefinan¢ithl in51rUn￿llts
The charity uses derivative fithan¢ial instnjments io reduce exrKJsure to forei￿ eXCh￿Be risk and in¢erest rate
Movements. The charity d<)es not hold OT issue derivative firtancial Instnjments for speculative purposes.
Derivatives ?Te initially recognised at fair value at the date a derivative contract 15 entered into and are
subsequenily reM￿SUred io (heir fair Wdlue at each rewrting date. Th¢ resuliing gain (pr loss is recognised in
statctnent of finan¢ial a¢iiviÉi¢s immediately unless the derivative is desjgnated effe¢iive as a hedging
instrument. irt whi¢h everti the liming of the recognition irt statement of financial activities depends on the
naturc of the hedge relatkon5hip.
Fair valut meosuieme
The best evidence of fair value is a qttoied price for an Identical asset in an active market. When qU￿ed prices
are unavailable, th¢ PTi¢e of a recent iransaction for an Identical ￿et provide5 evidence of faiT value as long as
there h&8 not been a sigrtifi¢ant thange in eeonomie circLtmstance5 or a si4¥nificant lapse of time since the
transatiion took place. If the matket IS IIOL active and recent transaciions of an identical asset on their own are
not a good estirnate of faiT value. the fwr valve is estimatrd by using a valuation technique.
3 Income from donA¢ions 4nd leg¥ci
Unr¢siri¢ted
funds
General
Tot&1
2023
Regular giving and capital donations
1.502
1,502
1.5U2
Vnrestricted
funds
General
Total
2022
Regular giving and Capi￿ donation5
1,578
1,578
1.578
I,S78
4 Income from Chgritable activities
Urkresiricted
funds
Gentral
Resiriettyj
fund5
Total
funds
Minibus
Lunch club
Communjry ¢entre
Other income
24,577
31.154
25,173
720
2.000
26.577
31.154
55,808
720
30,635
Total for 2023
81,624
32,635
114,259
Total for 2022
58.344
46,081
104,425
Page IS

Canoifan Gymunedol Ystradowen Community CeDtre Ltd
Notes to the Financial Statements for the Year Ended 31 M2reh 2023
S Investrnent income
Unrestricted
fund$
Gener¥1
Tot•1
202J
Intere# receivable artd similar in¢ome-
InRr¢st re¢eivable on bathk deposi
32
32
32
32
Unrestricted
funds
Gener¥1
Total
2022
Interest receivable and similar Income-
Interest r¢c¢ivable on l)ank deposits
6 Expenditure on charitable actsvities
Untestridtd
funds
Gen¢r•l
R¢5trict¢d
Total
funds
Minibus
Commwiity centre
1,849
75,471
2,103
40,267
13.952
115.738
Totsl for 2023
87.320
42,370
129.690
Total for 2022
42.486
64.926
107,412
Arti￿ty
undertaktn
dire¢dy
Tothl
expenditure
Minibus
Community centre
13.952
15,738
13,952
115.738
Total for 2023
129.690
129.690
Total for 21J22
107.412
107,412
Page 16

Canolfan Cymunedol Ystradowen Community Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
7 Nel incominoJoutgoing ruourfe5
Nel outgoin8 resources for the year Jn¢lude'.
2023
2022
Depreciation of fixed ￿sets
7.987
7.469
8 Trusttts remutteration and expense5
No trustees. nor any persons c(Nbnected with them, have received any remuneration from the charity during the
year.
No tTUStees have rcccived any reimbutsed expenses or any other benefits from the clwity durirtg the year.
9 Taxation
The charity is a registered charity and is therefore exempt fwom thxatiort.
10 Tattgible fixed
Land and
buildings
Furniture #nd
equipment
MotOT vehicles
ToÉ*l
C05t
At l April 2022
Additions
89,491
20,531
6.542
50,974
1.000
160,996
7,542
At 31 March 2023
89.491
27,073
51,974
168,538
Depreci2tlOD
At l April 2Q22
Ch￿'ge f(Y the year
43.607
2.554
17J27
2,436
39,984
2,997
100,918
7.987
At 31 March 2023
46.161
19,763
42,981
108,905
Net book v*lut
At 31 March 2023
43,330
7,310
8.993
59.633
11 Fixed asset investments
2023
2022
Shares in group undertakings and participating interests
5,000
5.¢)00
12 Debto
Page 17

Canolfan Gymunedol Ystr2dowen Community Centre Ltd
Notes to the Financial Statements for the Year Ended 31 Mar¢h 2023
2023
2022
Prepaymcnts
Other debtors
4.948
4948
13 Crediiors: #mounts falling dut witbin one year
21123
2022
Accruals
Deferred income
1,400
17.612
1,200
2.000
19.012
3,200
14 Fund$
Balance gt
31 March
2023
Balanc¢ #i
April 2022
Intomirtg
rtsourt
Resources
¢xpended
Transfers
Unrestritted funds
Gtneral
Unrestri¢ttd funds
163.815
83.157
(97,701)
(10.296)
138,975
Restritted funds
Restricted funds
130
32.635
(42.370)
10,296
691
Total funds
163.945
115.792
(140.071)
139,666
Balance at
31 March
2022
Balante at I
April 2021
Ineoming
resources
Resources
expended
Tra￿S[¢r9
Unrestricted funds
GeAer&l
Unresrricted fund5
153,350
59,924
(42.486)
(10,1531
160.635
Restricted
Rcstricted funds
12.002
46.081
(64.926)
10,153
3.310
Total furtds
165,352
107,412
163,945
Page 18

Canolfan Gymunedol Ystradowen Community Centre Ltd
Notes to the Finaneial Statements for the Year Ended 31 March 2023
IS Analysis of net assets bt¢ween fund$
Unrestrieted
funds
General
Tot¥1 funds at
31 March
2023
Re5trict¢d
fuThds
Tangible fixed assets
Fixed asset investments
Current assets
CutTent liabilities
59.633
5.000
40.090
{1,400)
59.633
5,000
94,045
{19.012
53,955
{17.612)
Total net assct5
103.323
36.343
139.666
Unrestrittrd
r￿lld5
GeneT¥I
Total funds at
31 ms￿h
2022
Restri¢ioAI
fuDd$
Tangible fixed assets
Fixed asset investsnents
Current assets
CutTent liabilities
60.078
5,000
98.757
{3.200)
60.078
5,000
102,067
{3,200)
3.310
Total ne¢ assets
160.635
3,310
163 945
16 An4lysis of net fun¢ts
At l April
2022
Finincing CAsh
flows
At 31 March
2023
Casli at bank and in hand
100.852
11.755
89,097
Net debt
100,852
At l April
2021
11.755)
Changes t
n)arket value
89,097
Ai 31 March
2022
Cash at bank and in hand
94.819
6.033
100,852
Net debt
94.819
6,033
100,852
Page 19

Canolfan Gymunedol Ystrndowen Community Centre Ltd
Detailed Statement of Financigl Activities for the Year Ended 31 Marth 2023
Total
2023
Tot81
2022
Intome 2nd Endowments from".
Don8tions and legacies lanalysed below)
Charitable activities lanaly5cd below)
Investment income (analysed below)
1,502
14.258
32
1.578
104.425
Tothl income
115.792
106.005
Exp¢ndilure on-
Raisin(t fi￿dS (analysed below)
Charitable activities (analysed below)
(10,381)
129.690
107.412
Totsl expenditure
(140,0711
(107.4121
Nei expendirure
{24,279
1,407
Net movement in ￿ndS
{24,279)
(1,4071
Recon¢ilig¢ion of funds
Tual thrtds brought fon¥ard
163,945
165.i52
Total funds carried forward
139.666
163.945
This page does not fonn part of the Ststsjtory financial statements.
Page 20

Canolfan Gymunedol Ystradowen Community Cetttre Ltd
Detailed Statement of Financial Activiti&s for the YeAr Ended 31 March 2023
Total
2023
T4btsl
2022
Donaiiotts 4Adlego¢ies
Committed giving
,502
1,502
1,578
1,578
ClwriioNe aaiviiies
Minibus income
Lunch Income
Grants Income- Minibus project
Grant in¢ome
Club Bach
Other income
24,577
31.154
2.000
30,6iS
5,197
20.695
7.180
32,179
46,081
3,564
15.421
114,258
104,425
Inve51menl income
Interest on cash dep)sits
32
32
Raisirtgfts#ds
Purchases - restricted
Purch&%es
(1.9691
(8.4121
(10,3811
Chari14ble &diviii
Wages and salaries- restricted
Wages and salaric5
Staff pension5- restricted
Stsff pensions
Rertt and rates- restricted
Rertt and Tates
LtghL heat and Fower- restricted
Li8ht, heat and pJweT
Insurdnce
Repairs and renewals- restricted
Repairs and renewals
General maTnienance
General maintenance
Telephone and fax
Office expens¢s
otYi¢e expenses
Printin& postage and stationery- restricted
Prinun& postage and station¢ry
(17,757)
(57,829)
(46,6511
17.814)
(1.055)
(378)
(362}
(262)
(6,121)
(2.730)
(J,176)
(6.1561
(5 16)
{6,162)
(2,9701
(6.9561
(103)
(397)
(5361
(1861
(2681
(551)
{1,225)
{913)
{473)
This page does noi fomi part of the siatutory financial statements.
Pag¢21

Canolfan Gymunedol Ystradowen Community Centre Ltd
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
Totsl
2023
Total
2022
Tradc Subscriptions
Charitable donati¢)ns
Cleaning
Cleaning
Motor expenses- restricted
Motor expenses
Caterirtg- restricled
Catering
Accountsnw fees
Accountancy fees
Depreciation of freehold prnperty
Depreciation of short Iwehold property
Depreciation of fixtures and fittings
Depreciation of moior ¥ehi¢les
(744)
(555)
(226)
(780)
(506)
(2.103)
(8.852)
{4.059)
{4,447)
{8.5S2)
(2.0?0}
(9.842)
(1,900)
{1.970)
(1.0001
(1,5541
(2,4361
(2.997}
{129.690)
(1,000)
(2.073)
1732)
3.664)
1107.412
This page does form part of the financial stsrements.
Page 22