Cotnpany registration number= 07872629 Charity registration number." 1147865 Canolfan Gymunedol Ystradowen Community Centre Ltd (A company limited by guarantee) Annual R¢port and Financial Staiements for ihe Year Ended 31 March 2025 Fergusons and Peter5 4 High Street Pontardawe Swansea West Glamorgan SA8 4HU Chartered Accountants "AEPR(M20* 24109r2025 COMPANIES H¢)USE
Canolfan Gymunedol Ystradowen Community Centre Ltd Contents Refrrence and AdminisEraiive Detsils Strategic Report Trustees. Report 3toS Independent ExamiTher'5 Report Statement of Financial Aciiviiies 7t08 Balarhce Sheet Notes to the Financial Statements lfjto21
Canolfan Gymunedol YstradoweD Community Centre Ltd Referenee and Administrative Details Chairman D Belcher Charity Registration f4umber 1147865 Company Registration Number 07872629 The charity is incorporated in UK. 38 New Road Ystradowen Carnjarthen SA9 2YY Registered Offite Independent Examiner Fergusons and Peter5 4 HiJo ) Sireei Pon¢ardaw¢ Swansea West Glamoroan SA8 4HU P8ge I
Canolfan Gymunedol Ystradowen Community Centre Ltd Strat¢gi¢ Report for the Year Ended 31 March 2025 The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 Mar¢h 2025. in compliance wich s414C of the Companies Act 2006. The strategic report was approved by the twslees of the charity on .................... and signed on its behalf by.. DBe Chairnian and trustee Page 2
Canolf2n Gymunedol Ystradowen Community Centre Ltd Trustees, Report The trustees, who are directors for the purposes of company law. present the annual report together with the fjnancial statements of the charitable company for the year ended 3 1 March 2025. Objectives and aeiivities Objects &im5 Objectives and aims The charhtys objectives are &8 follows = - to fvnher or benefit the residents of Ystradowen and the surrounding area,. .10 advance education. -to provide facililies in the interests of social welfare for recreation leisure time occupation,. and .to improve the condilion of life for ihe residents Objectives slrlllegies ond aclivilies Ystradowen Corrununity Centre has been a at 5UPPOrt to the comrnunity throughout tht year5 and especially through the pandemic until pre5¢nt day, which has proven thai the community needs our essential services on a daily and weekly b8SiS. Our services are now slowly picking back up after the pandemic and we plan to expand our services in the futhre following the lead of the rommunity with new and exciting projects. Our drivers not only deliver all our carering services but take people shoppino visit5 to the doctors, dentists and eye appointments, along with providing sch([ runs. In facL whaiever the communtiy needs are we are there io provide the support. The dirvcrs also support the luncheon club clients throughout the week. Our kitchen staff are doing a brillEant job providing thrtt different catering services frorn our kitche]]. such &8 buffets, the co[nunIty cafe and the luncheon club. They tske great care dealing with different individuals and nctions that we cater for. Our communiry support supervisor works her socks off. Doing more than some would by overseeing the whole of the work done at the centre. As for Volunteerrustees they put all they can into the Centre and go over and above their du(ies. Without them the Centre wouldn't be able to provide such essential ServIS to the local cotnmunity and surrounding areas. I would like to thank all the stsff. volunteers and iruslees for the great work they do. We will continue the great work we do and help evtn more people in the years to come. Public beneJ7t her nefit The irustees confim) thar they have complied with the requirements of section 17 of the Charitie5 Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Trustees #nd offieers The tru5t¢es and officers serving during the year and Since the y¢ar end were as follow5.. Page 3
C2nolfan Gymunedol Ystrndow¢n Community Centre Ltd Tru$tee$' Report Trustees.. D Belcher Ms Daphne Jones (retired) Julie Richards Ms Kaihryn Hughes Mr Keith Donald Davies (retired) Mrs Doreen Grove (retired) Chaim)an- D Bel¢her Structure governance 2nd rnanagernent Nalure ofgoverning docmmenl The charity is a tharitable company limited by guarantee and is govemed by its Memorandum and Articles of Association. Financi81 instruments Objeeiives ondpolicies The charity's activities expose it to a number of fiTVdncial risks including credit risk. cash flow risk and liquidity risk. The use of financial derivativcs is governed by the charity's policies approved by the board of trustees. which provide written principle5 on the use of financial derivative5 to manage these risks. The charity doES not use derivative financial instruments for speculative purposes. Ctssliflow risk The charity's acthvities expose it primarily to the finantial risks of changes in foreign currency txchange rates and interesi Tates. The charity uses foreign exchanoe forward ¢ontrac¢s and inteiest re swap contracts to hedge these exposure5. Interest bearing assets aTKi liabilities are held at fixed rate io ensure certainty of cash flows. Credit risk The charity's principal financial &ssets are bank balances and c&8h, trade and other receivables, and investrtlents. The charity's credit risk is primarily atttibuthble io its trade receivable5. The amounts presented in the balance sheei are nei of allowances for doubtful receivables. An allowance for impairnient 15 made wher¢ there 15 an identified loss event which, b&%ed on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assitr ed by internaiional ciedil-faiing agencies. The charity has no sigTrifi¢ani ¢oTrceniration of Credit ri5( with exposur¢ spr¢ad oveT a Iprge number of counterparties and customer5. Liquidity risk In order to maintain liquidity to ensure that suffkcient fimds are available for ongoing operaiions and future develtspments, the charity uses a mixture of long-temi and short-temi debt finance. FurtheT details regarding liquidity risk can be found in the Sthtemeni of accounring policies in th¢ flnancial siatemenis.
CanolfaD Gymunedol Ystradowen Community Centre Ltd Trustees, Report Statement of trusttts. rtsponsibilities The i¥ustees (who are also ihe diieciors of Canolfan Gymurhedol Ystradowen Community Centre Ltd for the purposes of company law) are responsible for preparints the trusiees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standatds (Unired Kingdom Generally Accepted Accounting Pra¢tiGe). in¢luding FRS 102 "The Financial Reponing Stsndard applirable in the UK and Republic of Treland" Company law requires the trustees to prepare financial statements for each fin8ncial year. Under company law the trustees must not approve the financial statements unless they are sat15fied that they give a tnje and fair view of ihe state of affairs of the charitable company and of the incoming resourtes and application of resources, including its income and expendiwre, of the charitable company for period. In preparing rhese financial siatements, the tNstees are required to.. select suitable accounting policies and apply them Consisientty: observe the methcmts and principles in the Charities SORP- mak¢ judgements and estimates that are reLSonable and prudeni stale whether applicable accounting standard5, ci)fflprising Fils 102 have been followed, subject to any material departures disclosed and explained in the flnancial staiemenrs- and prepare the financial StsteeniS on the going concern blsis unless it 15 inappropriate to presume that the charitable company will coniinue in busine5S. The trust¢e5 are re5pon5ible for keeping prgper accounting records that can disclose with reasonable accuracy at any time the financial Position of rhe chaiitable company and enable them io ensure thar the financial statemenis comply with ihe Companie5 Act 2006. They are also responsible for 5afeguardirÈg the assets of the charitable company and hence for taking reasonable steps for ihe prevention and detection of fraud and other irTetsularitle5. The trusie¢5 are responsible for the maiThtenance and integrity of the corpordte and financial irhfomation included on the chaiitable company's website. Leoislation governing the preparation and dissemination of financial staiemenis may differ from legisla(ion in oiher jurisdicttons. The atmual report w&% approved by the trut$ of the charity on .... . and signed on its behalf by= D Belcher Chairman and trustee Page 5
Canolfan Gymunedol Ystradoiven Community Centre Ltd Independent Examiner's Report to the trustees of CanolfaD Gymunedol Ystradowen Community Cenlre Ltd ('the Company,) I report to ihe charity Iru5tees on my examinaiion of the accounts of the Company for the year ended 31 March 2025. Responsibilitie5 and basis of report As the charity's trustees of the Company (and also its directots for the purposes of company law) you are responsible for the preparaiion of the accounts accordance with the requir¢mtnts of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself ihai the accounts of the Company are not requir¢d to be audited under Part 16 of the 2006 Act and are eli. (rible for independent examination. T report in respect of my examination of your Charity's accounts as corried oui under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my ¢xamination I hav¢ followed th¢ Dir¢ctioDs given by the Charity Commission under section 145(5Xb) of the 2011 Att. Independent exarniTrer'5 Staternent I have tompleted my examination. I confirm that no matter5 have come to my attention in connection with the examination giving me cause to believe= accounting records were not kept in respect of Canolfan GymunedoS Ystradowen Community Centre Ltd as required by section 386 of the 2006 Act- or 2. the account5 do not accord with th05c rccord5' or 3. the accounts (k> not comply with the accounting rtqllirements of sectton 396 of the 2006 Act other than any requiremeni that the accounts give a 'irue and fair Vie which is not a matter considered as part of an independent examination. or 4. the accounts have Trot been prepared in a¢¢ordance with ihe methThJs and principles of the Statement of Recommended Practice for acc(MLniino and reporting by charities lapplieable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matter5 in connection with the examination io which attention should be drawn in this report in order to enable a proper understanding of the accounts to be rwhed. Dean Beniamous FCCA 4 High Sireei Pontardaw¢ Swansea West Glamorgon SA8 4HU Date.. Page 6
Canolfan Gymuttedol Ystradowen Community Centre Ltd Statement of Financial Activities for the Year End¢d 31 March 2025 ncluding Income and Expenditure Account gnd Statem¢Dt of Total Recognised Gains and Lo¢$) Unrestricted funds Restrieted funds Tot41 2025 Note Income and Endowments from: Donatitsns and legacies Charitable aciivities Investrnent income 1,208 91.497 227 1208 147,126 227 55,629 Toial income 92,932 55,629 148,561 Expenditure on: Raising fid$ Charitable activities (15.557) (100.753) (15,557) {145.024) (44.271) Total expenditure Nei (expenditure)lin¢ome (116,310) {44,271) (160,581) (23,378) 11.358 {12.020) Net movement in funds {23,378) 11,358 (12,020) ReeonciliatioTr of fund5 Total ndS brought forward 92,903 92.903 Total fvnds carried forward 14 69.525 Unr¢strict¢d funds I l.i58 Restricted fund$ 80.883 Total 2024 Note Ineome a*d Endowments from: Donations and legacies Charltable activifies Investtllent income 1,430 87,369 295 1,430 95,581 295 8.212 Total income 89,094 8.212 97.306 Expenditure on: Ratsing funds Charitable aciivities (19.761) (107.468) (19,761) (114.772) (7.304) Total expenditure (127.229) (7,3041 (134,533) Net (expenditureyincome (38,135) 908 (37,227) Net movement in fvnds (38,135) 908 (37.227) Reconeilistion of fund$ Total fi]nds brought fon¥ard Total fun(ts carried forward 139,666 139.666 14 101.531 908 102,439 All of th¢ charity's activitie5 derivc from continuing operations durÈn8 the above rwo periods. The notes on pages 10 10 21 fomi an integtal part of these financial statements.
CaDolfan Gymunedol Ystradowen Community Centre Ltd Statement of Financial Activities for the Year Ended 31 March 2025 ncluding Income and Expenditure Account and Statement of Total RecogD15ed Gains and Losse5) The fijnds breakdown for 2024 is shown in note 14. The notes on pages 10 to 21 fomi an iniegral part of these financial statements. Page 8
Canolfan Gymunedol Ystradowen Community Centre Ltd (Registration number: 07872629) Balance Sheet xs at 31 March 2025 2025 2024 Note Fixed 855ets Tanuible assets Investments 10 100,Iiv) 5,000 53,804 5.000 105,109 58.804 Current assets Debtors Cash at bank at]d in hand 12 21,471 34,436 4.948 87.194 55,907 92,142 Creditors: Arnount$ falling due within one year 13 (80,133) (48.5071 Net current (liabilities)lassets (24.226) 43,635 r4et as5etS 80.883 102,439 Funds of the ch#rity: Restricted income fund$ Restricted funds 14 (1.506) 908 Unrestricted ineome fvnds Unrestricted fimds 82.389 101,531 Total funds 14 80.883 102,439 For ihe flnancial year ending 31 March 2025 the chartty Wds entitled io exemption from audit under section 477 of the Companies Act 20Q6 relating to Small companies. Directors, respon5ibilities= The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with 5¢¢tion 476- and The directors acknowledge their responsibililie5 for complying with the requiremenrs of the Act with Tesp¢ct (o accouniing records and the preparation of accounts. The fin cial statements on pages 7 to 21 were approved by the trustees, and authorised for i55ue o 2fand signed on their behalf by.. D Belcher Chairm8n and trustee The notes on pages 10 to 21 forni an integral part of these fmancial statements. Page 9
Canolfan Gyrnunedol Ystradowen Community Centre Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity Status The charity is limited by guardntee, incorporated in UK. and consequently doe5 not have share capital. Each of the trustees is liable to contrhbute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is: 38 New Road YstradoweTh Carmarthen SA9 2YY Authorised for issue date 2 Accounting policies Sutntnary of signifitsNt actounting polieitt and key aceounting estimates The principal accounting policies applied in Ihe prepatation of these fmancial statements are set out below. These policies have been consistently applied to all the years presented, unle55 otherwise stated. Stat¢meDt of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities-. Statement of Recommended Prdctice (applicable to charilres preparino their aecounts in accordance with the Financial Reporting Standard applicable in (he UK and Republic of Ireland (FRS 102)) (issued in October 2019) {ChariLies SORP {FRS 102)). the Financial Reporting Standard applicable in rhe UK and Republic of Ireland {FRS 102) and the Cotnpanies Act 2006. Basis of preparation Canolfan Gymunedol Ystradowen Community Centre Ltd meers the definiiion of a public ben¢fJt entity under FRS 102. Assets and liabilities are initially recogrkised at historical co$t or transaction value unless otherwise Stated in the relevant accounting policy notes. Coing concern The trustees consider that there ale no material unceftainries about the ¢harity'5 abiliry to continue as a going concem nor any significanE areas of uncertainty that affect th¢ carrying valu¢ of a5set5 held by the chaiity. Exemption from prep3ring a cash flow statement The charity opted to early adopr Bulletin I published on 2 February 2016 and have therefore not included a cash flow Statement in these fancial statements. Jneome and endowments All income i5 recognised once the charity has entitlement to the income. it is probable that the income will be received and the amount of ihe income receivable can be me&sured reliably. Page 10
Canolfan Gymunedol Ystradowen Community Centre Ltd Notes to the Financial Statements for th¢ Year Ended 31 Marcb 2025 Deferred income Deferred income represents amounts r¢c¢ived for Ojture period5 and is released to incoming resources in the period for which, it h&8 been received. Such income is only deferred when= - The donor sp¢¢ifJ¢s that the grant or donation must only be used in fubjre accounting period5. or The donor has imposed conditions which tnusi be met before the chaiity has unconditional entitlement. Inveslmenl income Dividends are recognised once the dividend has been declared and noiification has been received of the dividend due. Expenditure All expendiwre is r¢¢ogThi5ed once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to ihe applicable expenditure headin(p thai aggregate similar costs to that category. Where costs cannot be directly anTibuied to particular headings they have been alld on a basi5 consisteni wilh the use of resources, with central staff cosis allocated on the basis of time spent, and depreciation chaioes allOced on the portion of the assei's use. Other support cosis are allocated based on the spread of staff costs. Roisingfunds These are costs incUed in attra¢ting voluntsry income, the management of investments and those incurred in trading activities that raise fJnds. Cliarilfible aclivi¢ies Charitable expendityre comprises rhose costs incurred by the charity in the delivery of activities and services for its beneflciaries. It includes both costs that can be allocated directly to such actLVlties and those costs of an indirect nature necessary to support ihem. Support costs Support costs include central functions and have been allocated to activity c05t categories on a basis consistent with the use of resources, for example, allocatin(r property Costs by flIK)r areas. or per capita. staff costs by the time spent and other costs by their usage. Government grnnts Capital grants The charity raised £68.209 in capiial grants towards the purchase of much needed equipment as well as a new minibus, including £9,536 of its own funds, The erxpenditure has been shown gross within the fixed assets and the grant credited to Deferred in¢ome. The gTants are behng amortised over a four year period at a rate of £17,052 per annum. which is ielease to the Sthtement of Financial Activities. Taxation The charity is considered to pass the tests ser out in Paraaph I Schedule 6 of the Finance Act 2010 and therefore it meets the defmition of a chariiable company for UK corporation tax purpose5. Accordingly. the ¢harity is potentially exempt from taxalion in respeci of income or capital gains received within categories covered by Chaprer 3 Part i l of the Corporation Tax Act 2010 or Seciion 256 of rhe Taxation of Chargeable Gain5 Act 1992. to ihe exient that such income or gains are applied exclusively to charitsble purposes. Pagell
Canolfan Gymunedol Ystradowen Community Centre Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Tangible fixed assets Individual fixed assets costing £0.00 or more are inilially recorded at C051 less any subsequent accumulated depreciation and Subsequent accumulated impairment losses. Busines5 combin3tioTrs Busines5 combinations are accounted for under the purchase rnethod. Where necessary, adjustments are made to the financial siatemenis of subsidiaries to bling the accounting policie5 Used into line with those used by the charity. All inira-group transactions. balances. income and expenses are eliminated on consolidaiion. In accordance with Section 35 of FRS 102, Section 19 of FRS 102 ha5 not been applied in these financial sratements in respect of busiJ7ess combinations effected prior io the date of transition. Fixed asset Énve5tments Fixed asset investments, other than progrdmrne related investments. are iD¢luded ai market value at the balance sheet date. Reali5ed gains and losses on investsnents are calculated as the difference between sales proceeds and their market value at the start of the year. 01 their subsequent cosu and are charged 01 credited to the StateTnent of Financial Activities in the period of disr%Trsal. Unrealised gains and 105se5 represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities bd on the market value at the year end. Trade debtors Tiade debtors are amounts due from customers for merchandise sold 01 seTvices perf<)rmed in the ordinary course of business. Trade debrors are recognised initially * the iransaction price. They are subsequently measured at amortised cost using the effective interest method, less provision ft>r irnpairment. A provision for the impaimeni of trade debtors is established when ihere is objective evidence that the charity will not be able to collect all amtsunts dut according w th¢ original ternis of the Teceivables_ Cash #nd cash equivalents Cash and cash equivalents comprise wh on hand and call deposits. and other short-term highly liquid investments that are readily convertible tci a known amount of cash and are subject to art insignificani risk of hange in value. Borrowings Interest-bearing borrowings are initially recorded at Fair value, net of transaction costs. InteTest-bearing borrowings are subsequently wried ai amortised cost. wilh the differen¢¢ between the proceeds, net of trallsaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of ihe relevani borrowin(w Interest expense is recOLSed on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilriies unless the charity has an uncondilional right to defer settlement of the liability for at least tsvelve months after the reporting dale. Page 12
Canolfan Gymuntdol Ystradowen Community Centre Ltd Notes to the Financial StatemeDts for the Year Ended 31 March 2025 Foreign exchange Transactions in foreign currencies are recorded at the rate of exchange ai Ihe date of the transa¢tion. Monetary assets and liabiliiies denomtnated tn foreign cutyencies at th¢ balance sheet date are reptsrted at the rAtes of exchange prevailing at that date. The results of overseas operations are iranslated * the average rates of exchang¢ during the period and their balance sheets at the rate5 wling at the balance sheet date. Exchange difference% arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (atrributed io non-¢ontrolling interests 85 appropri*). Other exchange differences are reCOlSed in the Statement of Financial Activities in ihe period in which ihey arise excepi for". l) exchange differences on transactions entered inio io hedge certain foreign currency risks (see above). 2) exchange diff¢rence5 arising on gains or 105S¢S non-monetary it¢rns whhch ale rewgnis¢d in other Comprehensive income. and 3) in the ¢a5e of the consolidaied financial statements, exchange differences on monetary item5 receivable from or payable IO a foteÉon operation for which settletnent is neiiher planned nor likely io ¢x¢ur (therefore forming part of the nei investment in the foreign operation). which are recognised in other cornprehensive income and reported under equity. Fund strvtlure Unrestricted incorne fvnds are tseneral fvnd5 that are available for Ltse at the trustees discretion in furthetance of the objective5 of the charity. Restricted income funds are ihose donated for use in a panicular area or for specifi¢ purposes. the use of which is restricted to that aiea or purpose. Financisl I$trUments clos51falion Financial assets and financial liabilitie5 Are recognised wh¢n the charity becomes a party to th¢ Contractual provision5 of the instrument. Financial liabilities and equity instruments are t11r1ed according to the subsrance of the contracwal arrangements enrered into. An equity instrument is any conrwi that evidences a residual interest in the assets of the charity after deduciing all of its liabilities. Page 13
Canolfan Gymunedol Ystradowen Community Centre Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Recognilion andmetssuremeni All fLnancial assets and liabilities are initialty measured at transaction price (including transaction costs), except for ihose financial assets ¢Ilfied as ai fair value ihrough profjt or loss. which ale initially measured at fair value (which is normally the transactton price excluding transaction costs), unless the arrangement constitutes i financing transaction. If an arrangernent tonsiitutes a financing transaction, the financial asset or financial liability is measured ai the present value of the future paymenLS discounted at a market rare of interest for a similar debt instrument. Financial assets and liabilities are only offset in the 5taiemenr of financial posilion when. and only when there exist5 a legally enforceable right to Ser off the recognised amounts and the charity intends either to settle on a net basis. or to realise the assei and settle the liability simultaneously. Financial &55ets are derecogni5ed when and only when a) the contractual rights to the cash flows from the financial asset expire or are sellled. b) the charity transfers to another party subsiantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of owneTship. h&5 transferred control of the asset another pao. Financial liabilitie5 are derecognised only when the obligation SPEcified in the contract is discharged, cancelled or expires. Page 14
Canolfan Gymunedol Ystradowen Community Centre Ltd Notes to the Financial Statements for the Year Ended 31 M9reh 2025 Debl inslruments Debi instruments which meet the following condition5 are subsequenrly measured at amortised cost using the effective interesr method.. (a) The contractual reNm io the holder is (i) a fixed amount. (li) a Posiiive fixed rate or a positive variable rate,. or lili) a Cornbination of a PQSLtive or a negative [ed rate and a positive variable rdte. (b) The contract may piovjde for repayments of the principal or the rerurn to the holder (but noi both) io be linked to a single relevant observable index of general price int]alion of the currency in which the debt instrument is denominated, provided such links are not leveraged. (¢) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) Ihe new rare saiisfies condition (a) and the variaiion is noi contingent on fvture event5 oiher than I l) a change of a contrdclltal variable rdie. (2) to prote¢¢ the holder against credit deierioration of ihe issuer,. {3) change5 in levie5 applied by a centrdl bank or arising frorn chan¢yes in relevant taxation or law. or (ii) the new rnte is a tnaTkei rate of inierest and l$fleS condition (a). (dl There is no contrdctual provision thai could. by its temis, result in the holder losing the principal aTnount or any inierest atrributable io the Currenl period or prior period5_ (e) Contractual provisions that perniil the 15suer to prepay a debi instrument or peTmii the holder to put it back to the issuer before maruriry ar¢ not contingent on fvture events. other than to protect the holder against th¢ credit deterioration of the issuer or a change in control of the issuer. or io protect the holder or issuer auainst changes in levies applied by a central bank or arisints from changes in relevant thxation or law. lfy Contractual provision% may pemiit ihe extension of ihe tem) of the debt instrument. provided that the return to the holder and any other contractual provisions applicable during the exiended terni satisfy the condition5 of paragraphs (a) to {¢). Debt instruments ihat are classified as payable or receivable within one year on initial recognition and which meet the above condition5 are rneasured ai the undiscounied amount of the cash or other consideration expected io be paid or received. net of impairnienl. With the exception of some hedging instruments. other debt insttutnents noc meering these conditions are measured ai fair value Ihrough profit or loss. C0MItmentS to fftake and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairmeni. Jrtvesimenls Investments in non-convertible preference shates and noTr-puttable ordinary or preftrence shares (where shares are publicly traded or iheir fatr value is reliably measurable) are measured at fair value through profit or loss. Where fair value Cann be measured reliably. invesm*ms are Mred ai c05t I¢s5 impairment. Investments in subsidiaries and associate5 ale measured at Cost les5 impairment. For investments in subsidiaries acquired for consideraiion including the issue of share5 qualifying for merger relief. cost is measured by reference to the nominal value of the shares issued plus fair value of other considerdtion. Any premium is ignor¢d. Page 15
Canolfan Gymunedol Ystradowen Community Centre Ltd Notes lo the Financial Statements for the Year Ended 31 March 2025 Derivaiivefinuncial insiruments The charity uses derivative fmancial instruments to redLKe exposure to foreign exchange risk and interest rate movements. The eharity does not hold or issue derirdtive financial instyuments for speculative purposes. DeTiva¢iv¢s are initially recognised at fair wdlue at the date a derivaiive contract is entrred into and are subsequently remeasured to iheir fair value ai each reportints date. The resulting gain or loss is recognised in statemeni of financial activities immediaiely unless the derivaiive is designated and effective as a hedging instrumenl in which event the timing of the recognition in statement of fuwicial activities depends on ihe nature of the hedge relationship. Fair value measuremeni The best evidence of fair value is a quoted price for an identical asset in an aciive marker_ When quoted prices are unavailable. Ihe price of a recent transaciion for an identical asset provide5 evidence of fair value a5 long as there ha5 nor been a signifjcant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is noi active and recent transaetions of an idenrical asset on their own are not a g¢)od estimate of fair value, the fair value is e51imated by using a valuation technique. 3 Income from donations and legaeies Unrestrieted funds General Tot21 202S Regular giving a[ captial donations 1.208 1,208 1,208 1,208 Unrestricted funds General Total 2024 Regular giving and capital donations 1.430 1.430 1.430 1,430 4 Income from charitable activitie5 Unrtstrieted rwnds General Restriettd funds Total 2025 Minibus Lunch club Community centre 17,196 63,791 10,510 17.196 63.791 66,139 55.629 91.497 55.629 147,126 Page 16
Canolfan Gymunedol Ystradowen Community Centre Ltd Notes to the FiDan¢ial Stst¢ments for the Year Ended 31 March 2025 Unrestricted fund5 General Restrieted funds Total 2024 Minibu5 Lunch Club Community cenire Other income 18.506 33.457 32.025 3.381 18,506 33,457 40,237 3,381 8,212 87.369 8,212 95.581 5 Jnvestment income Unrestricted funds General Total 2025 Interest receivable and similar income. Interest receivable on bank deposils 227 227 227 227 Unrestricted furtds General Toial 2024 Interest receivable and similar income- Interest receivable on bank deFM>sits 295 295 295 295 6 Expenditure on ¢haritable aeiivities Unrestricted runds Genernl Restricted funds Total funds Minibus CotrLmunity centre 12,709 76.686 12,522 43.107 25,231 119,793 Total for 202S 89.395 55.629 145,024 Total for 2024 107.468 7,304 114,772 Page 17
Canolfan Gymunedol Ystradowen Commullity Centre Ltd Notes to the Financial Statements for tbe Year Ended 31 March 2025 Activity underiaken directly Total expenditure Minibus Cotrununity ¢entye 25.231 119.793 25,231 119.793 Total for 2025 145,024 145,024 Total for 2024 114.772 114,772 Page 18
Canolfan GymuDedol Ystradowen Community Centre Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 7 Net incomingloutgoing resource5 Net outgoing resources for the year include-. 2025 2024 Depre¢(at(on of fjxed assets 21,559 7.987 8 Trustees rtmuneratitin and expenses No trustees. nor any persons connecred wth ihem, have received any remuneration from the charity during the year. No irustees have received any reimbursed expenses or any other benefits from the charity during the year. 9 Taxation The charity is a registered Charity and is therefore exempt frorn taxation. JO Tangible fixed assets Land and buildings Furniture and equipment Motor vehicles Total Cost At l April 2024 Addition5 89.491 29,230 9,428 51,974 58.436 170,695 67,864 At 31 March 2025 89.491 38,658 110,410 238.559 Depreciation At l April 2024 Charge for ihe year 48.715 2.554 22,199 4,321 45,978 14,684 116,892 21,559 At 31 March 2025 51,269 26,520 60,662 138.451 Net book value At 31 March 2025 38.222 12,138 49,748 100,108 I l Fixed asset investments 2025 2024 Shares in group undertoking5 and participating interests 5.000 5,000 12 Debtors 2025 2024 Other debtor5 21,471 4,948 Page 19
Canolf2n Gymunedol Ystradoiven Community Centre Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 13 Creditors: arnounts falling due within one year 2025 2024 Other taxation and social security Accruals Deferred income 1.301 8.301 70.531 1,712 9.895 36,900 80.133 14 Funds Balance at 31 March 202S BAlan¢¢ at I April 2024 Incorning Tesources RQUre¢S expended Tr*nsfers Unr¢stri¢ted funds Gener&1 ureslLd fuiids 101,531 92,932 (102,538) (9.536) Restricted funds Resiri¢ied funds 908 55.629 (58.043) <1.506) Total funds 102.439 148.561 160.581 9.536 80.883 Balanet #t 31 March 2024 Balance at I April 2023 Incorning resource5 Resources txpended Transfers Unrestricted funds Generfjl Unre5tri¢ted fiEnds 138.975 89,094 (127.229) 691 101.531 Restricted Restricted ndS 691 8.212 (7.304) 691) 908 Total funds 139.666 134.533 102.439 The charity utilised £9.536 of its own funds io Purch the new minibus. 15 Analysis of net assets between funds Page 20
Canolfan Gymunedol Ystradowen Community CeDtre Ltd Notes to the Financial Statements for the Year Ended 31 Mgrch 2025 Unrestricted funds Genernl Total fuRds #t 31 March 2025 Tangible fixed 855ets Fixed assei investments Current assets Current liabilities 100.109 5,000 100,109 5,000 53 55,907 80,133 55,907 (80,133) Total net assets 80,883 80,883 Unrestrieted funds General Totgl funds at 31 March 2024 Restricted funds T2noible fixed assets Fixed asset invesimenrs Current assets Current liabilities 53.804 5.000 12.475 (9.895) 53.804 5.000 92.142 48.507 79.667 (38.612 Total net assets 61.384 41.055 102.439 16 Analy515 of net funds At l April 2024 Ftoan¢ing c8sh llows At 31 March 2025 Cash at bank and in hand 87.194 {52.758) 34.436 Net debt 87.194 52.758 Financing cash flows 34.436 At 31 March 2024 2023 Cash at bank and in hand 89.097 1.903 87,194 Net debt 89.097 {1,903} 87,194 Page21
Canolfan Gymunedol Ystradowen Community Centre Ltd Detail Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Intome and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Investment income (analysed below) 1.208 147,126 227 1.430 95,581 295 Total income 148,561 97,306 Expenditure ON: Raising funds (analysed below) Charitable activities (analysed below) (15.557) (145,024) (19,761) (114,772) Total expenditure 160,581 134,533 Net expendilure (12,020) (37,227) Net movement in fvnds (12,020) (37227) Reeonciliation of funds Total funds brought for¥vdrd 92.903 139,666 Total funds carried forward 80,883 102,4J9 This page doe5 not forrn part of the 5th(0ry financial siatements. Page 22
Canolfan Gymunedol Ystradowen Community Centre Ltd Detailed Statement of Financial Activities for th¢ Year Ended 31 March 2025 Total 2025 Tot31 2024 Donalions legacies Cottunitted giving 1,208 1.430 1,208 1.430 Chari14ble 4c¢ivities Minibus income 17,196 18,506 33,457 Lullch income Lunch income Grani income Grani income 63.791 55.629 8.2 12 3,381 5,642 26.383 Club Bach Sundry incoTne 1,368 9.142 147,126 95,581 Invcstment incorne Interest on ch deposits 227 295 227 295 Roisingfunds Purchases- restricted PuhoSe$ (450) (15.107) (124) 19.637 (15,557) (19.761 Cliarilable aciivities Wages and salarie5 - restricted Wages and salarie5 Staff pensions Rent and rates - restricted Rent and rale5 Light, heat and power- restricted Light, heat and power Insurance Insurance Repairs and renewals- restricted Repairs and renewals Telephone and fax Office expenses Office expenses Printing. postage and stationery- restricted Printing. postage and ststionery Trade subscriptions (36.054) (47.509) (3.874) (168) (438) (5,798) (2,846) (74,955) {2,9911 (109) (554) (1,501) (4,960) (1.963) (1.368) (246) (1.614) (4,821) (875) (1,147) (362) (302) (1,748) (254) (115) (897) {621) {429) {335) {777) This page does not form part of the statOry financial statements. Page 23
C2nolfan Gymunedol Ystradowen Community Centre Ltd Delailed Statement of Finaneial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Chariiable donations Cleaning Motor expenses Motor expEnses Advertising A¢countan¢y fees Legal and profe55ional fees Legal and professional fees DepTeciation of freehold properry Depreciation of short leasehold property Depreciation Of fkxture5 and fittinJ DepTeciation of moror vehicles Staff training (545) (627) (635) (9.912) (204) (2.069) (185) (2.032) (1.000) (1.554) (4.32 1) (14,684) (48) (650) (213) {2.494) {7.212) (1.847) {370) (1,576) ( 1,000) {1.554) {2,4J6) {2,997) {145,024) 114,772 Thi5 page does noi fomi part of the statutory financial Statements. Page 24