Compaay reLyi%lraiioi) i&unibei': 07872629 Canolfan Gymunedol Ystradowen Community Centre Ltd IA Loiiipany liniiled by guarantcel Ani)ual Rcporl ai)d Fiiiaiityial Statements foi. tlie Ycai. Elided 31 Mw¢h 2024 Fei'gusons and Petei's 4 Hioh Street POnrdaw¢ Swansea Wesi Glati)Ol'gt SA8 4I.IU Cl?aittreil AcLoiiniants
can01fa Gymulledol Ystt'adoiwen Conlmuiiity Centi'e Ltd
Contents
Reference aii
Canolfaii Gymunedol YstrAdowell ComiiiuDity Ceiilre Ltd Refereilee and Adinijhisti'ative Details ChAII'Ella]I D Belchei. Chai'ity ReEiStIMtioti Niimbtr 1147865 Coniijally Regtsfrfitioji Nun)bei' 07872629 Tlic cliariLy is incorpoi*ed in UK. 38 New Road Ystradowen Registet-od Office SA9 2YY Independcnt Ex&tihiiiei' Fei'gu%otts and Peters 4 I-ligh styeet Ponlardaiv¢ Swansea Wcst C101'Ban SAB 414U Page I
Canolfan Gymunedol Ystradoiven Conimuiiity CeJ)tre Ltd Ti'ustees, Repot't -rile Ii'ustees, iyho dre dij'ttiois for Ilie purposes of compic iiy law, pitseiii Ihe aniiual rtrrf)rl Iv8¢ili¢J' witl3 ihe rin41i¢ial 8lateinenls vf Ilic cli3wilable eoJnpan)r foT I])¢ yiai. ended 31 Mai'cli 2Q24. OLijeetives aikrf Activities Objcclive% aims Tlie chai'ity's objeLtives air as lolloiv5 to tui'lhei. ()r b¢iictit Iht I'&%ideiiis ot'Ysirado)Y¢ii aiid Ilit sui'iDuiiding aTea' -10 advance cducalion., -10 i)ruvide facilitie% iii thc interests ot'social ivelfaie foi. rccrealson Itisiive tiine i)cuipatioi)' and -to iinpiDvc Ilie c()nditioi) of lile fDI' Ilie xsidtttis Ysiradoivtn Cuiiiiiiunily CeiiiiE has bccn a gieai suppoit lo Ilie coijiinuiiily througiioiil the ycars especially Ilirougli the paiideiDir uiitil pirseiil day, Ivhicli li&4 pi'oveii that Ihc coinrnuiiity iieeds oui. e%be¢itial scii'iees on a daily aiid weekly bas%s. Olli. .seivice8 al'e n•iv slowly picking back lip 2ftei' the pandeiric and we plan lo expand OUT 5eivices in Ilie tuiuir follo¥viDg Ilic Icad of Ilie coiiiIiiiiiiitir ivith ntiv and exciting piDjecls. Our driveiE not only dtllver all oui. catcring serviets biit Igke peoplc slioppingy visi15 lo Ilie doctors, dentists and eye apintme1)t9, dlong with pi'oviding sdiool riiiis. In tacl, lvhalev. the con)niunliy necds al'e Ive ar¢ there lo pi'oviile Ihe supwjrl. The ditvcr8 al%0 $iipport Ilie INCIleOn club elieiits througliout thc iv£ek. Oui. kitdien siaff 2re doin2 a brilliant job providing three diffeirnt caiei'ing seivices froin otsi. kilclien, such as buftels, (lie COiMmiiniLy cafe and tlic lunclieon Glub. 'Ihey lake great dealing willi diffcirnt iiidividuals and iiciioiis that ivc cater foT. Our coinmunity supporl siipei'yisor woi'ks li. socks ot'l-. Doing morc Iliaii boine ivould by oi'erx¢iiig the whole of the wtsvk done al the cenlre. A8 t(Ir voluilteerl1ll5tetS Ilicy pul all Ihey can iiiio tlie Ceiiti'e aiid go ovei. Wid above theii. duties. Wiuioul Ihein Il)e Ceniyc wouldn't b¢ #blc to piK>vide sucli esienlial seiviccs 10 Il)e local coininuniiy and silli'oundii area%, would like to IIEank all the 81aff. voliinteer% and Iiiisie&% for tlie great i%Drk Ility do. We wtll coii(iiiue Ilie gi'eal woi'k we do and help ev1 moit pcople ii) Ilie to coine. Publie beBefil Tlie li'us(ecs confii'in that Iliey liave coinplied ivitli Ilie reqiiirenienis ol. section 17 01. (lie ClicllTtie5 A¢t 2011 10 liave duc regai'd to Ihe public llerI(sld8ee publislied by tlie Cliai'ity Comiiiissioii lo¥ Eiigland aiid Walts. Trustett offi£ei Tlie trustees aiid ol'li¢e4's sei'ving dting Ilie ye81. wid 3iliCt (lit yt2r t1 were as folloiv%.' Pag¢ 2
Canolfaii Gymunedol Ystradoweii Comn1uI)ity Centre Ltd Ti'ustees, Report Twsle¢s.' D13elcliei' Ms Da1n¢ Jonts IreLiredl Jtjlie Riohards Ms Kailiiyii Ilughes (appointed 20 Septeittbei. 20231 D Belchei. Structure> goverJiAiJce xlld Iallgelell¢ N¢T¢iirE of8VerlI1Ig duèi£ts&iÈiil The ehai'ity is a Lliariiable company liniitcd by giiai¥itttcc and i.s govcrned by %ts Meiiioil)tum dnd Ai'ticlts ot. Associatioii. Fijiaiicial iii&ti'uments ObjedlvÉ.s uKdpolicies The chai'iry's acliviLies expose it 10 a t)uinbei' of titianc1311.isks in¢liiditLg ci'edil I'isk, ca51i fltsiv risk aiid liquidity i'&sk. The use of linaiiGial dci'ivatii'¢s is governed by IhE Chity'S policies appriived by tlic boai"d ot trustees, wliicli pix)vide wi'itten priticiples oli Ihc use of financial derivatives to inage th¢ risks. The tharity does not ILqC &riv8(ivc financial instiuinents fiii. spcculktlive putyoses. C1101V risk 'I'lie Èli.1ty'S activities exposc it pi'iniai'ily lo Illc linl¢la1 Yisks of cliange5 ill t(IveiBn Curi'eiicy exchl£t ¥ales artd i.4leresl ratcg. The ClrItY uses foreign ex¢han8e forward c()rtli'acis and inlcrcst I'ale %i¥ap conti'acls to hcdgc Ih¢%e exposures. nterest bc&-ing assets and liabilitie% aJe lield at fixcd l'ate to ensiirt Lei'laiiity of ca%li flows. CréiJiÉ rrsk rhe clisi'ity's principal financial assets ai"e bank balances casli, Ii'ade and olhei. receivables, uAd invcslJ)ienl& 'llie Ch.1¥'S ci'edil i'isk 15 Nimarily atii'ibviable lo its ti'ade receivables. Thc arntsuiils preseiited iii llic balaii( %lieei air net of allowances foi. doubltiil I'cceiv4ble%. An allowwce tDI' Im1)1.111¢nt 15 Inade i¥liertt Ilieir is an dei)tified lo.gs eveiil ivhich. based oli w'tvious expei'ieiice, is tvideiice of a 1'edctiO11 511 the recovti'abiliLy ot tl]e casli flows. -rhe Li'edit risk on liquid fiit)ds and deiivative linartcial in8liuniEnts is liiiiited b¢c&use the eaunleiyaitl banks ivilli liiuli ciEdit-raiiiigs assigncd by intei'naiioiial crtdit-raling agencies. Tlie charity iio si&iificant coiicwiti2tion of 11 risk, wilh exi)0sure spread over a largc i)unibei' ot toun(ei'paitie% 81)d cusloiners. In order to iiiaintain liquidiiy lo ensiire thar sufticienl funds arc &vailable flir onEOiJig Uptralions and fulure developinents, Il)e cliai'ity US a 1111Xtui'c of lonE-teim and 8hort-t¢iin debt fii)ance. Fiirthci. details r¢8Ji'ding liquidity I'i%k can be ltikniid in 11)e stat¢]11 of accounling policics iii Ihc fiiiancial slatenients, Page 3
Caiiolf211 Gymuiiedol Ystradoiven Coniniunity Centj'e Ltd Ti'uslees, Repoi't S4tomellt of ti'ustees resptsllsibilitlC5 Tlie I1(c Iwlio air a150 IlTre diiettors i)t' C#nolfan Gymuiitdol Ysii'adowen Coininunit), Cenliy Lld for Ilie PUI'P05es ol. coinpdliy law} al'e I'espunsible foi. i)I'epai'ing the IIiL8lee8' repoii Ilie financial sldlciiieiTrts in accordance iviili ai)plicable law and Unttcd Kiilgdol Accoiiniin£ Siandard8 Iuiiiicd Kiligdoill G¢n¢iYlly Accepled Accounting Praciicel. includtng FRS 102'-Flie Fiiiancial Ileporling Siandard tpplicablc in the IJK ai)d Rtpublic of Ii'elaiid Tlie rtptsri 1 attouiils have ttl prepared iii acco¥dai)ct with the pix)visioi)% iii Ihe Cumpaiiies Act 201)6 rclaling to sniall cornpanEes. Comiiany lai¥ I'oqiiires Ilie tsiistces lo wepart financial statejncnts loi. eiirli financial ye. Undei- e()iiipany laiv Lhe Iiusiees niusi not appiDvc ilic tillcial %Ealcmeiit.fi uiiless Iliey gre satisfied t118t Iliey give a Ii'ue aiid fail. iiieiir of Ihe stsle of affairs of Ihe cliaril&blc coinÈ)any aiid of die iii¢oiiiing i'csotirLc% and 1( ppjicdlion ot IEiources. iiicliidlng its incoiiie and expenditure, ()f Il)tt charithblE coinpany foi. that period. In prep1( ring these financsal slal¢iiienls, t1 trustees ait IEquirtd to.. select 5uilable accounling policies and apply Ihejii COliSiSlcnily obsevve the Ineiliods and pijnciplcs in Ihe Chai'ities SORP., Inake j11dgenintS aiid estiinal¥s thai are Ira%onable and i)I'Lidellt,' slate i¥liellier applicable Jc¢ounting standaYd5, cornpI'isiNg FRS 102 have been tollowtd, 5ubj¢cL to any nidltridl dcpaitur£s disLloscd ai)d explained the findnLidl siatemenls,. and prepai'e llie fiiiaticial %laleincnls oli the going concern basis uiil¢8s it is inappvopi'iate to piisuine Iliat the thai'iiable company ivill continu¢ in business. Th¢ ti'ustees are resn$11)le for kccping F)lper accounling records thai can di8¢105c willi reasonable accuracy at any iimc tlie fInan¢ial positioii of Ihe rlioiil&blc conipmy axd e[ble theni to cnsuir Ih&t the finaJLial slatcinellis comply willi die Coinpanics Aci 2006. 'fiTrcy are 21so Irswnsible foi. 8afcguaiQing Ihc assels ot Ilie clJkniiabl¢ ompany and heCe for taking reasoDable stcps toi. Ilic pirvenlioii and deiectiort af fi'aud and oiher irrtgularitits. Th¢ trustees arc Ir5ponsible li)i' tlie iiia1nien7¢t and iiitegrity of Ilie coiporate aiid finknGial iiifoi'iiiation included tl)e ¢hai'ilable COM)Y'S tvebsit. LegislatioIi giivcrning Ihe i)IEpai?Lion disseniinatian of linartGi(tl slatcmeiits iijay dtlrer f1M legislation in oilier jurisdictions. SiiJ#ll coinpaiiies prowisioit stAteintt Tliis Irpoi'l has E)eeii piepai'cd iTi ac£oiYlaiice with Ilie small coiiipanics TC8iiae undei. Ilie ColnpIle5 Act 2006. -Ibc annual iwort ivas appiY)ved by tlie tl'USiLes ofih¢ GIriLY on 22 Decembey 2024 find signed tin its beIlf by.. Ms l)aphiie.lones li'eiirLd} Trii%lee Page 4
CanolfAn Gymunedol Ystidowen Con)muiiity Centre Ltd Iiidepeiident Examinei.1s Report tn the trustees of Canolf&ii Gymunedol Ysti?iJowen Con1ll]ty C'eilti'e Ltd ('tlie CoTnpaiiy') i'tporl lo IIK cliai'ity l¥ustee5 On irty exaiiiiiialion ol. Ihe accounts of Ihe Coihpany lor t]ie year ended 31 March 2a24. Respoiisibilitits h#sis of i'¢poi As the chai'ity's LIste¢S ot. Ihe Coiiii)aiiy {aiid also its dirttcloiE foi. th¢ i)urposL8 of L0111pany la,) you ure Irsportsiblc for the prepai'atiun oftlie accounts in #tcordanee witli tlie rcqviremeiits of Il)e Comp3nics Ac12006 ("'the 2006 Ael'l. H&virtg satisfied Inyself Iliat Ilie accounts of the Conipany ale not irquired audited iindcr PIU'I 16 of the 2006 Acl aiid are eliRible foi. Iiidepciideni Lyailliiialifin, l i'cport 111 re8pc¢t ot m), ex2]tiinatioii of your cliai'ity's accounts Is cai'ried out iindei. %e¢lion 145 of Ilie C11.111CS Act 2011 {-Il)e 201 1 Acl,). In ¢'lYIng oui my ekaniination I have followed die Direciions &Tiven by Ilit Cliarity Corninissioi) undei. .%eGlion 145151(bl ol. the 2011 Aei. liidepelideiit exarnilltr $ stat¢nieiJt havc ci)Inpleied my exaininaiion, I cortfirm 111at no niatiu% have o)Inc to my Miientioii in coDnccls0rt witli tile exaiiiination giving iiie caiise to belieire.. attouniinB recoi'ds w¢r¥ rtot kept iii ilspecl tsl-canolfan Gymurtedol Ysti'a(k)wen CiiixJi)unity CertliE Ltd as i'equired by sectioi) 386 ot Ihe 2006 A¢l' Ol. 2. tlie accounts do iiot acLoi'd wilh those record5; 01, 3. Ilie accouiiL% do noi coniply with Il)e accouTilii)g requirements of sectioii 396 of tlie 2Th)6 Act othei. tlian any IEquireiMeiil Ihal Ili¢ aceoiin15 give a 'trLie and fail. viJv' Ivl)icli is llot a Inatlei. cunsidercd as i)#i'l of an iiidei)eiideiit examinatloll.. OT 4. Ilit accaunts liave no( beeiTr PTepared ii) accoidwice iviih Iht niethods aiid piinciples ot. tlie Svdtejneiil ot Recornniendcd Pra¢tiee fo¥ accoiinting and repoiting by chai'iiies lapplicable la cliai'ities pi'epariiig tlieii. accouiils iii dccordan¢e with the FinRnrial Reporting Siandarcl ppliLable iii tlie UK and IlepubliG ot. Treland IfRS 10211. I liave no ¢vneerns and have eotnt deiX)ss no ot]iei' Illatteii in coniiwlion Nvilli Ilie examittaiion io wliich attentio should be di'aivii in this report Tn oi'dei. io ciiable a proptr ui)dei%tanding of Ilie 2ccouI)Is lo be Iraclied. Dean Beniaftioiis FCCA 4 Htgh Stiyet Pontgi.dawe Swansea West GlaiiioiEaii SA8 4HU 22 Deceiiibu. 2024 Page 5
Canolfaii Gymunedol Yslra(loiveJTr Community Centre Ltd Statement of Finaiicial Activities for tl)e Yeai. Eiidcd 31 March 2024 (Including IiTreonie aiid Ei xpen(litui'e Account and Stateinent of Total Recognised Gains and Lo$ses) Uiii'esti'itted Re.%¢i'Ltted fun(Is Total 2024 Nute Iiicome ll(l Endoivip¢nts froim: Donaiioiis #lid leJrF cie Cliaritablc aetivilies 1,430 87,369 295 1,430 95,581 295 8,212 Toial iiTrcoine 89,094 8,212 97,306 xpeiiditilJ Dll.. Raising fvnds Chai'ilable acliviijes {107.4681 17,3041 Toral exTKnditui'e 1127,2291 17,3041 {134,5331 N¥t le.ypenditi1reyin¢ne 908 37,2271 Nct moveinent iii f¢in(L 138,135) 908 137,2271 RecoiicillAtioii of fudS Tulal fiinds b1Uglt torwdrd 139,666 139,666 Total fiiiidy cari'ied foi'wai 908 102.439 Tntal 2023 Restt'icted funds Note liicome ajid fi.nrfoMtneii$ frtbiij.. Donation% and le8acie5 Cl*rilable activities Invcstsjiejit inconie 1,502 81,623 33 1.502 114.258 33 32.635 Talal incoinc 83,158 32,635 115,793 Expelldituve on.. Raising fund% ch11#1¢ &¢ctivities 110,381} 1129,6911 194,4481 {35,243) Total expeiidilure 1104,8291 (35,2431 1140,0721 Nei expcndilui'e 12.608 {24,279) Net tll(IvemLlIt in funds 12,6081 124.2791 Ree&iJ¢ilÉation of futids Toial luiids broufjh( toiN'avd 163,815 142,144 130 163.945 -1.oial funds carried totivaiY] 14 {2,4781 139,666 All ot'die chaixiji's activities del'ive fTOlii continuing opeiatioiis durit)g Ihe above tivo pc]'iods. The nuies on pages 9 to 19 forin an integ'al pait ot-lliese financial slaiciiiei)IS. Pagc 6
Cailolfan Cyniunedol Ystj'adowell Comiiiui)ity Centre Ltd Sioteiiieut of Finaneial Acfiviti&g foi. tlie Ye21. iided 31 Mai'ch 2024 (Ineludiijg Ineoine ajid Exijviiclilui'e Aeeount aiid StAtemeJit of Total Recogiiised Gaiiis ajid Losses) Tlie fut)ds breakdoivt) tor 2023 Is sliowrt iii iiote 14. Tlie notes oo pooes 9 w 19 form an inlegr&l pait of tliege fit)&)cial sia(eiiitIJls. Page 7
CanoifAn Gymuiiedol Ystradoiven Commuiiity Ceiitre Ltd (Registi?tioii iiuinber: 07872629) Balance Slleet 2$ at 31 Mai'eh 2024 2024 21)23 Note Fixed Assets T¥ngiblc asse14 InVtineftts 10 53.804 5,00(1 59,633 5,000 58,804 Curreiit Assets Debtors Lash al bak and in liand 12 4,948 87,194 4,948 89,097 92,142 94.045 Ci'editoys.. AMolits hlling due WEtlJiJJ otte yeaj. N¢t citi'rent Assets 13 118,507) 119.0121 43,63i 75,033 139,666 Nel Asset$ 102,439 Fuiids of tlié thai'ity.. Resti'icftd in¢ot))e fuiids Resti'itlcd funds 14 691 UiJiestrift¢d iiicDnie fuijds Uiireqlricled fiJii(L% 102,439 138,975 Tat#l funds 102,439 139,666 For Ilie fill101a1 yth. tiidiiig 31 Maidi 2024 the cliai'itr), W&8 aitilled 10 exanplioi) froni atsdii uiid¢i' sectioji 477 of t1 Coinpanie5 Acl 2006 rttlating 10 small toinpaiiics. DiiEClOfS' re8wnsibilities'. The nieinbers havt AO( i'equiY¢d tlie cliai'ity t() vbtain an audii of iU% accounts for Iht ycai. iu question in accoi'd&ncc WTili seclion 476. and 'nJe direclots acklloiyledxe Ilieii. Irspottsibililies foj. eoiiiplying ivith (he requiiEiiieni$ ot tlic Acl ividi Irsp¢ct 10 act0u0tii Jici>rds ld Ilic prcparalioii ofaccounis. Tliese financial stat¢iiients have been preprd iii acLoixlance Nvitli tlie special provigions relaliiig to con)panics subjtcL lo Ilie srnall nIpatI1¢S rcgiii)e Ivilliiii Part 15 0l.lht Coinp&Tries A¢t 2006. Tlie financtal siaienients on pages 6 Ic> 19 iVLTe app¥oved by the li'iistees. and atitlioi'ised fi)r issiie 22 Decembei. 2024 at)d si8iicII oil ilieii, b¢lialf by.. Ms Daphne Jone$ (ltildI Ti'usiee Tl nole4 ()n pag¢5 9 to 19 farin an integiBI i)art oftS?esc financial slat¢menrs. Page 8
CA])olfg11 Gyniuiiedol Ystj'adowen Commullity Cciitre Ltd Notes to the Flnancial Statements foi. the Year Ended 31 Mai'ch 2024 I CIIArity status Tlie ch&vily is lijniled by guaj'antce, incoiFoiled in UK, aiid consequently (loes noi have sliai'e Lapilal. LaGI) of the ts'ustees is lial)It to coiili'ibulc ali wiiount noi cxccedii)g £Nil Iow8ids tlie asscts af Ihc cl)arily iii 11?e eveiit of Tlit addres% Ol'its IEgist¢i'ed offiee [%'. 38 Nciv Road Ystradowen Cai'maitlien SA9 2YY Th¢st tinaiicial siaieinents i¥ere aLlthorised for issue l)y ilie Irustce8 01122 Decnber 2024. 2 Ateountiiig yolitios Sunjtnary of si2nlfltaiit Aeeoiiiititig policRe5 and k¢y ?ttoutttiJJg estiillates 'hc piTnLipal accouiiriiig polioies klpplied in Uit prepai'itiOii f)f I1]£8£ fiiiancial stalenietls are set oul IKIOW. Tliese policies liitve been consislcntls, applied to all (he years pirsented, unless oiliciiYis¢ siaied. Stateithejit of eoinplikntt -I'lit f111211cial slateincnls liave beert pi'ep&ied iji accoi'dance with Accouiitiiig aiid Rtpoi'ill by Cliw'ili<8.' SIBlement of Rccviiiinended Pi'aciic¢ (applicable 10 eIl'11lCs Pfti)aring Iheii. a¢coiTrnt5 in acc)I'dancg w&th Ilie Financial Repoiting Siandaid (Ipplicable in Ihe UK and Repiiblic of li-elaiid (FRS 10211 lissiicd in Octobei. 2019} ICl)&'ilies SORP IFRS 10211, Ilie Financial Repoi'linB Standard applicable in the UK and kepublic i)f li"el8nd {rRS 1021 dnd tlie Comp&nie8 Act 2006. Bpsis of prepAI'atioii Canolfan Gymiincdol Ystradow¢rt Coiiimunity Centir Lid meets tht definilon ol. a wblic benefEt entity unde¥ FRS 102. A55cls and liabiliiics al'e iiiiliully vecoBiiiscd al hislni'ical cost oi. Ii'&nsaGtiun value unless otlier%v(se slated iii Ilie I'elevwit CoUl1LnE policy aoles. Goillg contÈrll Tlie trustees consider that tlici'e al'e ii(I ii?olei'ial illlcerlainties aboul Ilie chai'ity's al)ilily lo continue as a going concei'ii liar an}'.qignitscaiit &'cas of uiiceitaiiily that affecl Il)e c21rying value ot %&sset5 lield by tlie e]iarity. Exemption fi'tsm pi'tpai'iijg a ¢Ash flow 5¢ateineiit Tlie cliarity Opted to esi'ly adopi Bulletin I publislied on 2 February 2016 and liave IlrcloiE nol included a tloiw slaleTncnt ii) Ilitge fiiiartcial stat¢mei)15, liieome Aijd endowtneiils All iijcoiiit is I'ecogni5cd once tl)e cliarity lias eDliileiiTreAi 10 Ihe irtcoijie, il is probable that the incoine ivill be IrLej¥red aiid ihe anioulli of thc incomc r¢ceivable can be nitulrJ reliably. Page 9
Caiiolfaii Gymunedol Ysti-ailowcn Cominuiiity Centre Ltd Notes to tlie f¢inancial StateineIits for tlie Yeai- Mded 31 Mai'ch 2024 Deferred iple0se Deleried incoille Irpirsenls aiiioiii)Is rcLciYcd for lului'e pei'iods and is iyleased to iiicoining resuurces iii Ilie p¢r(od foi. Ivliicji. il s b¢en I'ec¢ivcd. Siich incoine is only defei-red wh¢ii'. riic doiior specifies Ilial ilie grant oj. donalioii mLi%I Dilly be used in futurc accountin¥ pei'iods. oi. Dividend.% ar¢ I'e£ogni8cd onct the dividend ha5 b¢cTr declared and notilicaiinii lias bc¢n received ol'tlje divideiid due. Exijeijditui All cxpeIidiiure is recoised once Iliei'e is a l¢g£il or coRsliwclive obligaiion 10 didt ¥xpcndiluiE, il 1% probable settleinenl is I'cquiied artd the atnouTrl can bc iiie&%iired ieliably. All costs al allocated to tlic appliccible eXlidi1UIY headiiig tliat algate siiiiilar cost5 10 tliai Ldtegoi'y. Wliei'e L'osls cannot be directly atli'ibiited I ¥KqI'iiciilai' headiiigs they l)ave been allocaled oil a basis consisient with the use i)I' i'esoui'ce4 with ceiilial slaff sls allocnied QTI the basis of tittic spent. aiid depreGialioii cliaiges allocated on tlie poi'lion of the asset'8 USC. Oil]cr sliplrI Lxisis are allocated based uii the spiead of slaft-cosls. Tlicsc al'e cosls iliLElI'red in attracting volun1Y iliCDlll4 die niageMent of tnvesiiiien15 and those incurred iji ti'adTng aciivilles tliai I'aisc fvnds. Cknritdble expenditure coniwises tho$¢ rost5 inGurJ'cd b), Ihe clidrity iii die delivery of ils aclivitie% scrvices for ils beneficiaries. It iiicludÈs both cosi% that cali be allocated dircctly 10 such activitie8 and those eost5 of an itidi¥eci i)ature rteeessary 10 SilPPOI't tlieni. 1'4XAtion The Ch'¥tY 18 con8idercd to pass Ihe ie51$ %et i)ut in Pai'aaraph I Stliedule 6 of the finallce Aci 2dlO and tliei'eture it iiieeis the delirtilion of a cliaritable coixpaii). ti?I' UK coi'i)i)I'aiioii t&x pui'poses. Accoi'dliIy, the coi'ered b), C.liaptei' 3 Pai'l I l of the Coi'poi'ation Act 2010 01. Seciiuii 256 af Ihe Taxation of ChaiEeable Gtuns Act 1992. to the cxttnt that siieh income OT gains are applied exGlusiv¢ly to charitable pui'poses. Tangible fixed Assets Iiidividual fixed a%%els Llisling £0.00 oi. Inore aTe initially I'e£orded at cosi, Itss any subbequenl accuinulale(I depi'ecialion and stibsequeni clccilrtiiilnted impaiiiiienl losscs. Bu%irtess coinbinalions are 8CCOllllted l()i' uild. Ille purchase melliod, Wliei'e iiecessaiy, adjiisimenis are Inade lo tlic financial slllternenls of subsidiai'ies to bring the atLuuiFlin8 wlicies uscd iiilo liiie ivitli those uscd by Ilie Ch1),. All inli'a-giY)up (¥aiisactioiis, bal8nccs, iiicoiiie wTrd pele8 are eliiiiiiialed oli cuiisolidaiioii. Til accoi'dance ivilli ScLtion 35 ofr blls 102, Sectioii 19 of fRS 102 h&8 not been ai)plied iii tliege finaiicial sta(en)eiil% in resped of bu5111CS5 ¢oinbiiialions ellecied prior to the date ot'lrÉuisiliort. Paoe 10
Canolfall Gyniunedol Y3ti'adowen Community Centre Ltd Notes t() the Finaneial Statelhents foi, tlhe Year Elided 31 Mai'ch 2024 Fixed asset iiivestEtJeMts Fixwl kts%et inveitllients. othei. than proy7mme ielAted iniies(Ineftls, are incliided at market valu¢ at Il IMIlIte 8li¢cl date. Ile&li5eii gains aJJd losses on ini'e51meTrls are caloilalcd a5 th¢ dillei'ence belween salcs proceeds and Iheii. Inatlict value at the siai'l of dit Ye.. oi. Iheii, subsequenl cosl. al'e cliai¥ed ui, ci'ediied to the Statcin¢i)t uf Finaii¢ial Aciivitics in the period af disposal. Uniralised gain5 losses Ttpyesent tlie Inovement in I'ket valii¢s dui'ing Il)e year and are crcditcd oi. ehaiEed io lh¢ Staiemenl of Financial AGlivilits bdsed oil Ihe iiiarkct value al the yeur end. Tr841e debtors I'i'ade dcbtors w'e aillounts due frotll Clisloiners foi. IKhandIse sold oi. ¥erviLes rfol.Med in Il)e ordinaiy )ui'se ofr'busii)css. 'I'rade debtoi's ure I'eto£nised iniiially at the transaclion price. 'fhe}' al'e stLbsequently ineasui'ed ai )loYE1std eost usii)g Ihe etlective iiitcrcsl mcihod, ILqs pi'ovision foi. inipairmenl. A PToifisioii tor tlit impaii?iitnl ofr. trade debtoi's is cslablished when Iheir 15 0bjeGliwe evidence Iliat the Charity will Jiol be able ¢0 collett all aixounts due Casli aDIl cash equivalents Cash and cash equivalenls compri5¢ cas]i Dn Iioiid and call deposits. and othei. slx)Il-temi liiglily liquid inve%tsl)etits Ihai al'e Itadily conveitible to a kiiown aiiiouiit tsf casli ld are subje¢t to ali insignilicaiil i'isk or cliaRBe iii value. Boi'i'owings Intei'est-beai'ing boi-roiyings al'e iiiilially rrcoi-dcd at fair value, nel of li15aCtIon uists. Tiiieit£t-be,lthg boi'Loiviiig5 are siibstqutnily Lari'ied al aRioitl5ed cost, witli tlie differencc btlmreen ilie proceeds, nel of traiisaclion costs. anil the siiiounl duc I'edcnipis011 being lEColiE¢d a5 a charge 10 the Si&teii)enl of l.-ii)ancial Aetivitieg ovd. Ilie perlod ofil)e rel,a1]i boiyowii)g. Interest expen8e is I'ecogni5ed on tlie b&8is of thc cff¢c15ve inter¢5t rtieihod and is included in intei'esl i)ayable nd siinilar cliargtts. Boi'rowings ar¢ classified Ls turrenl liabilities uiiless tlie d)ariLy has an unconditional riglit io deter settlejnent of tlie liability foi. at least twelire iiionihs after ihe i'epoiting date. Page I I
Cgnolfan Gymunedol Ysti'adowcn Community Ceiiti'e Ltd Notes to the Fiiiaiicial Stateineiit5 fol. the YeaTr' Ended 31 Maii'li 2024 Fthr¢igii exchaiige I-lSactiO11S iii l()reigii curi'encics al'e re¢orded 41 Ihc I'atc ol-exchange ai ilie dare of tlie li?nbllClion. M•iieiai'y aS8eis and liubiliti¢s denoiiiinaiccl iii foirign Gurrencies al Uie bdlanct slicei datt are IEIK)rted ut the It¢S of sicliange piri'ailiiw at that datc. .11¢ i'esulis ot. oireT4e#s opeTxliviis air ITan51ale(t at die avei'age rate8 of exchEt dui'in2 11)e pei'iod and tlieii. balance slie¢ts at tli¢ i?tes I'uliiig at Ilic b31ancc slieet date. Excliansc ditTciLncLs arising oli tran51atioll of tlie openi1 net 58¢t5 and i'csults of oiierseas okYralioi)% Ji'e r¢poited in oihcr coiiipi'elieTrsive income ai)tl aeciiiiiiilaicd in equity laiiribiiied 10 non-COliliY)Iling inteTes1s as appi'opriatc). Oihei. exd)aiitsye difteirnces air ¢rcogi)ised ii) the Sialcii)ei)l of Financidl Aelivities in the pciiod in wliicli Iliey arise except tor.. l) cucliangc diffei'cnces on transaclion% entei'ed into to Iiedge ccilain fLircign ciirrency i'i$ks (s¢¢ alyjvel. 21 excliaiige diffeiences ai'ising on gains or losses on non-lnonelaiy ItS wliidi are reeognised in other c(TrInprchcS1VC iiKoJn¢,' and 31 in the case ot Ilic consolidated Iinaiicial %laleiiienls, exclianEL difterence.4 on Iiioneiaiy iteiiis recciir&ble tioiii oi. payable lo & l()i'ClEn UPLI'alioii foi. Ivhi¢li 5ciilcm¢nt is neiihei. planiied noi. liktly lo occiii. Ithtietore Fiirniin8 P8rl ol. Ihe nel invdtniEDt In th¢ foreign opBralionl, whicl) al'e i'ecogiiised in otliei. coinpreliertgive int()me and eport¢d undei. equity. rund 5tructMI'e Uiir&%li'icled incoine fund5 are 8enei?I funds t1¢ air available for use at the trustees disereitoi) in ttiiihei'ance of the ohjeclive% ot'ili¢ Glidrity. R¢5ti'i¢ted incoiiie fvnds alc those donat¢d for usc in a ptItU[k. ar¢a oi. foT 5pwifiG purposes, Ilie ustt of which 15 reslricled 10 Ihal area o¥ purrKise. Cl&11c&I1DiI Filil¢la1 assc18 and linanLial liabilitiei are reeogiiised 1vli thc cliarlty becoines a paty to Il)e ci>niraciual rinancial liabilities aiid eqiiity liLilI1enlS al'e cl&%iticd a01-dIng lo the siibstance lif tlie conijactual '¥angei?Iciils cnlei'ed into. Ali equiiy insli'Liinertt li any contract that eyideiices a I1dal inttirst in Ilie asseis of Poge 12
Caiioifall Gymuiiedol Ystradowen Comnillnity Ceiitre Ltd Notes lo tlie FiiTranei#l Stateinents foi. the Yeai. Ended 31 Mai'ch 2024 ReÉbgpiAiloii ttiidiiie¢Tsi¢ré#iÉiii All finaiicial as5¢ts and liabilities are inilially inc&sured al ti'#n%ociion pi'ice lincliidiiig ITan5aclioii costs). &x¢¢pt rnr Ihosc financial a55ei% classified as al fair valiie IhiY)ugli prolit or loss, whidi are initially iuca5ured at fail. value (which is i)oi'mally Ilie Iransattiun pi'icc excluding i1¥sa¢ll0n cos15}, unless Ihe arrangeincnt coiisli(Utes a Iinancing Ii?tL%aetion. It. tin Bii2ngcJlleni constiiu1¥5 a tii)ancing traiisaclion, th¢ tillclaI asset oi. lin#ncial lidbilily is Jii¢%ured at the preseiii value i)t ilie futuie payrnenls discoui)ied at a iiiarkel I'aie ot. iiiiei'esi fay FinanLial assets snd liabilili&s are only olysel iii the slaternent of finanLial SitIOn ivlien, 8nd oiily wlien Ihere cyists a legally entoi'ceablc Yiglit to sei off the Itc0lISed aiii(iiiiits and Il)¢ chavily intends eitliw to geitlc on a iiet bab'i%, Oi. to Irali5e Ilie asset and scltle tlie liabiliry siinulldiieously. Financial as8¢ls ¥i'e dcrccugnised Wh und only whe# al the conti'aGlual I'Igt5 tu Ili¢ Lash floivs fi.oin Ilie fillancial asset eNpire or sellled. b) tlie thai'ity Iraiisfci's lo anothei. PaTt)' subsi8nlially all of th£ I'isks and reivaix4s of ownership of dic findnLial asset, oi. cl Ihe cliarily, despitc having itl£iined soziie, bul iiol all, sigiiilscant risks and I'cwavds of owiiei'.ship, l)as l¥aiisferird coiilrol of tlie asset to aiioilier parly. Finuiici#l liabiliiies air derecognised oiily when Ilie obli8dlioii spccified iii Il eiJntraci is dischai'ged, caiic¢lled Ol. eXPllES.
Canolfaii Gymunedol Ystradowen Community Centre Ltd
Notes to the Fiiianeial Stateinents foi. the Yea). Ended 31 MArch 2024
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Canolfan Gymuiiedol Ystradowei) Coinmunity Centre Ltd Notes to the Finan¢i21 Stateineiits foi. the Yeai. Ei nded 31 Mareh 2024 Tlie clrity uses dei'ivaiive financial iiigliuinenls to reduce t)3ul.e to foreigi eYcl)aiige ii,%k aiJd iDleresl ¥aie ijiovciiienls. Tlie clio1.iiy does not hold oi. is5u¢ d¢rivaLive financial instruments foi. spteulaiive i)urwscs. Dci'ivative$ ale initially ircogiiiscd at laii. valuc at Ilie dale % dil'lV8tive Lonliacl 15 cnteiyd inio are subsequeiiily remeasuved lo Ilieii. faTr value ai each I'epoi%iii8 da. -I'hc I,esli)i1£ 8aiii 01. 1055 15 rtCOLTiJised in 51aleinenl of financial activitiLs iininediatel>' urtles% Ilic dei'ivatiire ]% designated and elleclivc as a liedging in5truin¢nt, iii wl)icli event Ihe titniii¥ c?r the I'ccognitioii iii sl¢l¢t of tinanGLal aclivitie& depeiids on the nature of th¢ hedge ielalioi)ship. rile bcst evidence of fail. valu¢ 15 a quoted pricL foi. ftll idenlical asset in ati Active i11.keL Wlien qu()ted pi'iccs uiiavailable, Éhe ptice of a receiil Ii'a115aLIi(ii) toy ali id¢iitical assel piDvidcs cvidtiice of tair value &% long &8 thu has nor been a signilicant Chig¢ in tconoiiiiL C1Ul11stattce5 <>r a sigiiificanl lay$e ol. limc sinc¢ Ilie ti'anbYCti()n took place. Tl. Ihe inai'k¢t 1% iiot aciive (1 irtent Ii'ansaclions af an idcntical 3$5el on Iheir own are not a go()d &qliTnie of taiy valuc. Ilic fair value is estiniated by using a valuali()n techiiique. 3 fi'om don#tiOilS And Itgacie8 Uihrestl'Ltted fuiids Gen¢ial Tot41 2024 Regu12r Eiwing and capÉial donations 1,430 ,430 1.430 1,430 Ullrestricted fulld enet-al Total 2023 Regular giving and capiial donHti0rt8 1,502 1,502 1,502 1,502 4 Iiicoine fi'oim ehAritable ac¢ivities Uiircstrieted funds General Rtstt'icted fulld funds Mitiibus Luncli cluli cl11ThlI1ty C¢l?ti'e 18,506 33,457 32,025 3,381 18,506 33,457 40,2J7 8,212 Tot&1 foi. 2024 87,369 8,212 95,581 rotal foi. 2023 81,624 32,635 114.259 Page IS
Canolfan Cymuiiedol Ystraduwen Cominuiiity Centi'e Ltd Notes to the Financial Statements foi. the YeAI' Elided 31 Mai'eh 2024 5 liivestmeiit Incomt Uiir¢5ti'ict¢ fuiid5 Geiieral TotAI 2024 Interest receivJblc and 31ini1 inconic., Int¢rcst receivable on bank dcposils 295 2()5 295 295 UHYtStt'icted Total 2023 General It)teresl receivable and siiitilar incoine., Interest receivable oil baiik dtposits 33 33 33 33 6 ExpetTrditui'È ehga'it*blt Aetivitie5 fuiids Genei?I Restl'LCted fun(15 Toknl fuiids Mijiibus Comniunily ceiilre 7,212 InO,2.56 2,494 4,810 9,706 105.066 TotMI fthr 2024 107,468 7,304 114.772 Total f(bJ' 2023 87,320 42.370 129,690 Pa8c 16
Caiioifan Gymunedol Ysti'adowen Comniuiiity Centi'e Ltd Notes to tlie Finaneial Statemeiits foi. tlie Year Ended 31 Mai'ch 1024 7 Net liicoiniiigloutgoiTrg IsOUrceS Net (iiilgoing irsoiit'ce5 foi. tlie year include.. 2024 2D23 D¢pTeLiaLion of fixed as5el& 7,987 7,9S7 8 Trystets I'¢iiiunei'¥lioii Aijd exp¢nss No IIusie&8, noi. any i)eisons eanncct¢d Ivitli ihein, liave rer¢ived any r¢rnuiiei•tion fiDin ilie chai'ity dui'ing the year. No Ituste&% liive receivcd wi), reinibui'sed expen5c% or atijr oiliei. benetits tix)m tlie chw'ity dui'ing Ilie ye.. 9 T#xAtion The tharity is a regisieitd chai'ity wid is Il)ClEtore excrnpt froiii i&xatioii. 10 I'aiigible fixed ftssets LAii(l And buildings Furnilui't r41otor vehlcles Totyl Cost At S Api'il 2023 Addilions 89.481 27,072 2.158 51,974 168.527 2,158 At 31 Mai'ch 2024 9,481 29,230 51,974 170,685 DtpvttiAtioii At l April 2023 46.161 2,554 42.981 2,997 108,905 7,987 2,436 At 31 M#rtli 2024 48,715 22,199 45,978 116,892 Net booiL value Al 31 M&Lli 2024 40,766 7,031 5,996 53,793 I Fixed a55et irtveslineii¢S 2024 2023 Sl)Jres iii group undeitakiiigs aiid pariicipaliiig iiitcirsls 5.000 5,000 12 Debtoi 2024 202J Oiher d<bloi'5 4,948 4.948 Page17
CAnolf211 Gyniunedol Ystradowen Coinmuiiity Cciitre Ltil Notes to the Fillaneial Statements for the Yeai. Ended 31 Mai'ch 2024 13 Cre(litoi's: atiJouiit3 falliijg e wlthln one year 2024 202J ()tlier talli)rt thd social secii¥ily .400 17,612 Defei'red income 38,612 48,507 19,012 14 ElldS Bal&trJce at 31 Mxi'ch 2024 BAlblté #t I Apk-il 2023 R¢sout'tts expeiided vesourte5 Traiisfers Unistricted fknlld5 Gepitriil UiiresiriLtrd fviid5 138,975 ¥9.094 1127.229) 1,599 102,439 Restt'icted fuiids Resti'icled titnds 691 8.212 {7,3041 1.599} Total fuilds 139,666 97.306 134.5331 02,439 BalAJice at 31 MAI'CII 2023 BlxiJte At I Ayi'il 2022 Incotning re50ul.ces Rtsouree8 txpeiidtd TIMILsfei UiJrestrltéd futTrds lJnirsti'icled tunds 163.815 83,157 197.7011 110,2961 138,975 Resti'ictgJ Restrictcd fuiid% ijo 32,635 142,370 10,296 691 TolAI fiittds 163 1)45 115,792 1140,071 139,fi66 15 AItAlysis of iiet a5%ets b¢tweeJJ fuiids P&8cI8
CAnolfan Gymuiiedol Ystradoiyen CoJ)imllnity Centi'e Ltd Notes to the Financlal Statements foi. the Yeai. Ended 31 March 2024 Uriresti'ieted Total fuiids At 31 Mxrch 2024 Restiieted fuilds Geijei'al Tangible fixcd &ssels Fixed a%5ei invcsiinenls Cui'reiit a%%eis 53,804 5,OUO 12,475 19,8951 53,804 5,000 92,142 148,5Q71 79,667 138,612) Total nct assets 61,384 4 1,055 102,43 Unrc5tricted funds Geiiei'al TotAI fun(Is xt 31 M%i'tli 1013 Resti'ieted fTrS Tangil)le lixed assels 'ixcd asset ittvesiinents Cui'rent assets 59.633 5,000 40.090 11,4001 59,633 5,000 94,045 19,0121 53,955 117,6121 36,343 Total nel assets 103,323 139,666 16 Atklllysis of net fujids At I April 2023 inancirtg tAsh At 31 MgJ'cI tloivs 2024 C2sh 12t bdl)k wid in haiid 89,OY7 11,9031 87,194 Ncl dcbt 89,097 At l Aptil 2022 11,903} 87,194 At Jl Mareh 21)23 flows Cash at ballk and in liaiid 100,852 Net debt 100,852 89,097 Pagc 19
Cg1)olfan Gymiinedol Ysti'adoiyen Communlty Cetttre Ltd Detailed Statemelll of Financial Aetivities foi. tlie Year Ended 31 Mai'eh 2024 Total 2024 Tot31 2023 Itieome Endowin¢iit8 fioiii.. Doii8lion5 and IcgaciLs (nY$ed b¢low} Cliai'itable aciiviiie% laT)alys¢d bclowl Inveslrnenl intoiM¢ lanalysed below) Total incoinc 1,430 95,581 295 1,502 33 97,306 115,793 Expetkditritt oil., Raising funds lanalyged beloivl Chai'itable aclivities (&Daly5cd bElowl Total expeiiditurL' {10,381) 1129,6911 1134,5331 1140.0721 Ncl cxpcndiluye 137,2271 24.2791 Net moi'eiiient iii fuj8 {37,2271 {24,2791 RecorkrÈliation of funds Total funds brouglit forwaiyl 139,666 163,945 Total fiinds cairicd fonval'd lQ2,439 139,666 Tlii5 pagc (Joes not foi'in pait ofilie siatutoiy finaiicial statements. Page 20
CaiiolfAn Gynjunedol Ysti'adowen Comiiiunity Cejiti'e Ltd Detailed Stateinent (bf Fiiiancial Aetivities for tlie Yeai. Ended 31 Maith 2024 Tot#1 2024 Total 2023 DtsNalioiis Npifl legucies Coinmiltcd giving 1,430 1,502 1,430 1,502 Miiiibus iiitome Luncli income Granls incDiiie- Minibus PTojecI Grani incoii)¢ G¥anl inconle Club Ilacli ii)comt 18,506 33.457 24,577 31,154 2,000 30,635 8,212 3,381 5,042 26,383 5,197 20,695 95,581 114,258 Intttt on casli dersIt8 295 33 295 33 Raisiiigfiijid Pu¥¢liases- resti'icled Pu¥cliases 11241 119,6371 (1,9701 Clinrilable oclivilies wag and salai'ics- irsti'icled Wages wlaries Siafl peiisioiis Rent and rates- rcsli'icled Rciit and ratts 117.7571 157.8291 {1,0561 12371 12621 174.95)) 12,9911 15541 Light, heat 211d rrt)wer- Kestricttd Light, heat aiid tx)ivei' Illsuian¢e 14,9601 11,9631 11.3681 12461 (2,7301 (3.1761 (6.1561 Repaits and reiiewal% restiicted Repai¢% Trd renewals Teiiei'al iliaintenIee Officc cxpenses Oftiee expenses Prinlittg, p081agt and siaiionery- ktslricted Printing, i)o%iage and.¥iaii()nery Trade subsci'iptioiis 15.361 1621) 14291 (1,2251 13351 17771 14731 Tii(s Imge d(k*% not foiin part of the siatiitory financial siaieillents. Pll8e21
CAnolfgn Gymunedol Ystradowen Coiiimutiily Centre Lid Detailed Stalemenl of FTnaneial Aetivitles foi. tlie Yeai. ndeij 31 Mareh 2024 Total 2023 2024 Cliai'ilable thoat10115 Clcaniiig Mot()I' expen8e%- I'esli'icled Moioi. expcnsc8 Motor expeiises Moioi. exi)tnsLs Caltring- vcs(TlCttd Catering Accouiitanc}, fets Legal PLY>fe%sional fees Legal aiid pi'olessional lee8 Dei)reciatioii ol-freeliold property Dewecialioii of slioit leasehold piDI)ei'ty Depr£cialion orrikltsres and Iiiting8 16501 17801 15051 12,1031 12,4941 18.11531 17.2121 14,0591 14.4471 (1,9701 11,847) {370) {I,(K>OI {1.554) 12,4361 {2,9971 {i.000) (2,436) 12,9971 {114,7721 I'liis pag¢ doe5 foi'm ptit vf Ilic 51atuloiy finwTrcial slaletnenls, Page 22