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← Caerau Development Trust

2025-03-31-accounts

Company
registration
number꞉
06849950 Charity
registration
number꞉
1150390

CAERAU
DEVELOPMENT
TRUST TRUSTEES'
REPORT
AND UNAUDITED
FINANCIAL
STATEMENTS FOR
THE
YEAR
ENDED
31
MARCH
2025

Robert
Cole
&
Co Chartered
Certified
Accountants Office
2
Llynfi
Enterprise
Centre Heol
Ty
Gwyn
Industrial
Estate Maesteg CF34
0BQ

Caerau
Development
Trust Contents

Page
Trustees'Report 1—4
IndependentExaminer'sReport 5
StatementofFinancialActivities(includingIncomeandExpenditureAccount) 6
BalanceSheet 7
NotestotheFinancialStatements 8—13
Thefollowingpagesdonotformpartofthestatutoryaccounts꞉
DetailedStatementofFinancialActivities(includingIncomeandExpenditureAccount) 14

Caerau
Development
Trust Company
No.
06849950 Trustees'
Report
For
The
Year
Ended
31
March
2025

The
trustees
present
their
report
and
the
financial
statements
for
the
year
ended
31
March
2025.

Objectives
and
Activities

Aims
and
Objectives

The
objects
for
which
the
Charity
is
established,
as
set
out
in
its
governing
document,
are꞉

The
promotion,
for
public
benefit,
or
community
and
economic
regeneration
in
Caerau
in
the
County
Borough
of
Bridgend, and
the
surrounding
areas,
by
all
or
any
of
the
following
means꞉

‑
The
relief
of
poverty
in
such
ways
as
may
be
thought
fit;
‑
The
relief
of
unemployment
in
such
ways
as
may
be
thought fit;

‑
The
provision
of
public
health
and
childcare
facilities;

‑
The
promotion
of
public
safety
and
the
prevention
of
crime;

‑
The
protection
and
improvement
of
the
natural
environment
and
the
conservation
of
local
heritage;
and

‑
Other
means
as
may
from
time‑to‑time
be
determined
subject
to
the
prior
consent
of
the
Charity
Commission
of
England &
Wales.

Significant
Activities

The
main
activities
undertaken
in
relation
to
those
purposes
during
the
year꞉

The
Charity
supports
a
number
of
projects
for
the
benefit
of
the
people
of
Caerau
and
the
surrounding
area,
and
some
of the
public
benefits
of
these
projects
are
detailed
below.

Public
Benefit

The
principle
activity
of
the
Charity
in
the
year
under
review
was
to
further
or
benefit
the
residents
of
the
Llynfi
Valley
and the
surrounding
areas,
without
distinction
of
gender,
sexual
orientation,
race
or
of
political,
religious
or
other
opinions
by associating
together
the
said
residents
and
other
agencies,
sectors
and
service
providers
in
a
common
effort
to
advance education
and
to
provide
facilities
in
the
interests
of
social
welfare
for
recreation
leisure
time
occupation
with
the
objective of
improving
the
conditions
of
life
for
the
residents.

The
Charity
maintains
a
community
centre
for
the
benefit
of
the
local
residents
and
the
surrounding
area.
Within
the community
centre
there
is
a
charity
shop
and
a
cafe.
There
is
also
an
in‑house
food
outlet
offering
free
discounted groceries.
Many
courses
are
run
from
the
centre
for
the
benefit
of
the
community.
These
include
first
aid
training,
table tennis,
cookery,
heath
&
hygiene,
job
club,
a
spiritual
group,
a
be‑friending
group,
and
a
guitar
club.
There
are
also
various youth
activities
and
bingo
sessions.

The
trustees
confirm
that
they
have
complied
with
the
requirements
of
Section
17
of
the
Charities
Act
2011
to
have
due regard
to
the
Charity
Commission’s
guidance
on
public
benefit.

Achievements
and
Performance

Main
Achievements

Caerau
Development
Trust
(CDT)
is
a
community
based
charity
located
in
the
middle
of
Caerau,
a
former
mining
village
at the
head
of
the
Llynfi
Valley
which
is
rated
as
one
of
Wales'
poorest
communities
(rated
6
most
deprived
area
in
Wales according
to
Welsh
Government's
Index
of
Deprivation
in
2014).
CDT,
which
is
entirely
run
by
volunteers,
provides
a
mix
of vital
services
and
social
activities
for
local
people.
These
include
a
second
hand
clothes
shop,
a
free
food
collection
point (similar
in
ethos
to
Fare
Share),
free
IT
access
and
we
host
drop
ins
from
CAB,
the
Job
centre,
local
solicitor's
and
the Credit
Union
as
well
as
being
the
location
for
MP
and
AM
surgeries.
We
also
host
social
activities
including
a
spiritual
group and
a
music
group
and
we
are
a
location
for
children's
parties
and
social
events
run
by
local
clubs
such
as
the
OAP
club, Men's
Shed
and
others.
We
are
always
open
to
local
clubs
and
groups
to
use
our
facilities,
often
at
no
charge
(on
the understanding
that
attendees
use
our
cafe),
and
our
intention
is
to
provide
a
welcoming
atmosphere
where
people
feel
able to
come
to
things
they
want
to
do
and
access
services
that
they
need.

One
of
the
greatest
benefits
of
the
centre
to
the
local
community
is
the
access
to
free
discounted
groceries.
It
is
estimated that
over
9,300
local
people
make
use
of
this
facility
each
year.
The
biggest
sources
of
income
for
the
Charity
is
the
rental of
rooms
within
the
centre
to
course
providers,
and
Cafe
Cwtch.
During
the
year‑ended
31
March
2025
these
generated over
£100,000
of
income
for
the
Charity.
It
is
estimated
that
approximately
500
local
people
benefitted
from
these
courses and
200‑300
plus
people
make
use
of
the
cafe
facilities.

...CONTINUED

Page
1

Caerau
Development
Trust Trustees'
Report
(continued) For
The
Year
Ended
31
March
2025

Main
Achievements
‑
continued

A
summary
of
the
main
achievements
of
the
charity,
identifying
the
difference
the
charity's
work
has
made
to
its beneficiaries
and
society
as
a
whole꞉

Café
Cwtch
has
continued
to
expand
and
offers
nourishing,
healthy
meals
at
a
budget
price
to
all
members
of
the
local community.
The
café
is
open
six
days
a
week
and
is
attended
by
a
large
number
of
elderly
single
people
and
those
with mental
health
issues.
There
is
also
increasing
demand
for
formal
dinners
for
community
groups.

The
charity
shop
is
run
entirely
by
volunteers
and
accepts
donations
of
pre‑used
clothing
and
other
goods
which
are
then offered
for
re‑sale.
The
shop
also
operates
a
recycled
school
uniforms
service
and
provides
free
clothing
bundles
for vagrants
and
recently
discharged
prisoners.

Financial
Review

Financial
Position

The
board
of
trustees
are
satisfied
with
the
performance
of
the
charity
during
the
year
and
the
position
at
31
March
2025 and
consider
that
the
charity
is
in
a
strong
position
to
continue
its
activities
during
the
coming
year,
and
that
the
charity's assets
are
adequate
to
fulfil
its
obligations.
The
trustees
are
pleased
to
report
that
agreement
has
been
reached
with
the local
authority
to
gain
exemption
from
business
rates.
This
has
allowed
the
previous
provisions
for
liabilities
to
be
reversed, so
enhancing
the
value
of
the
funds
held.
The
trustees
consider
the
financial
performance
by
the
charity
during
the
year
to have
been
satisfactory.
Specific
changes
in
fixed
assets
are
detailed
in
the
notes
to
the
accounts.

Reserves
Policy

The
Trustees
aspire
to
maintain
enough
reserves
to
ensure
the
continued
existence
of
the
community
centre.
All
reserves are
deemed
to
be
restricted
reserves,
in
that
all
monies
raised,
earned
or
granted
are
for
the
running
of
the
centre.
The balance
of
Revenue
Restricted
Funds
as
at
31
March
2025
was
£7,803
(2024꞉
£237).

Going
Concern

The
board
of
trustees
is
satisfied
that
the
charity's
assets
in
each
fund
are
available
and
adequate
to
fulfil
its
obligations
in respect
of
each
fund.

Plans
for
Future
Periods

The
trustees
are
in
the
process
of
developing
a
five‑year
plan
and
hope
to
secure
grant
funding
to
develop
the
activities
of the
charity
further.
Such
matters
would
include꞉
Consolidating
the
success
of
the
café
as
a
valid
community
asset;
looking into
means
of
alternative
heating
methods
for
the
community
centre;
providing
organised
holidays
to
the
local
community; and
becoming
a
centre
for
the
Duke
of
Edinburgh's
Award
Scheme.

Structure,
Governance
and
Management

Governing
Document

The
charity
is
constituted
as
a
company
limited
by
guarantee,
registered
under
the
Companies
Acts.
The
governing document
of
the
charity
is
the
Memorandum
and
Articles
of
Association
establishing
the
company
under
company legislation,
and
is
dated
17
March
2009.

The
charity
is
registered
in
England
&
Wales
with
the
Charity
Commission
in
England
&
Wales
(CCEW)with
charity
number 1150390.

There
are
no
restrictions
in
the
governing
documents
on
the
operation
of
the
Charity
or
on
its
investment
powers
other
than those
imposed
by
Charity
Law.
By
operation
of
law
all,
trustees
are
directors
under
the
Companies
Act
2006
and
all directors
are
trustees
under
Charities
legislation
and
have
responsibilities,
as
such,
under
both
company
and
charity legislation.

The
trustees
are
all
individuals.

The
charity
does
not
operate
in
any
overseas
jurisdictions.

Page
2

Caerau
Development
Trust Trustees'
Report
(continued) For
The
Year
Ended
31
March
2025

Trustee
Selection
Methods

The
Trustees
seek
to
appoint
additional
Trustees
whenever
necessary
following
recommendations
from
existing
Trustees
or the
Directors.
A
potential
Trustee
would
be
invited
to
attend
Trustees'
meetings
as
an
observer
for
a
few
meetings,
before any
decision
is
taken
concerning
their
ongoing
involvement
as
a
Trustee.
Potential
Trustees
are
provided
with
all
the relevant
guides
from
the
Charity
Commission
before
any
appointment.

Reference
and
Administrative
Details

Trustees

Mr
G
S
Dawe Mrs
R
J
Dawe Mr
K
Edwards Mr
J
Jones
(appointed
01/05/2024) Mr
P
J
Jones Miss
A
J
King Reverend
Doctor
I
D
Morris Mr
C
Pryme Mr
J
Sheikh
(appointed
05/05/2024) Mr
P
Davies
(resigned
10/04/2024)

Charity
Number

1150390

Company
Number

06849950

Principal
Address

Community
Centre Woodland
Terrace Maesteg Mid
Glamorgan CF34
0SR

Registered
Office

Community
Centre Woodland
Terrace Maesteg Mid
Glamorgan CF34
0SR

Independent
Examiner

Robert
Cole
(Association
of
Chartered
Certified
Accountants) Robert
Cole
&
Co Chartered
Certified
Accountants Office
2
Llynfi
Enterprise
Centre Heol
Ty
Gwyn
Industrial
Estate Maesteg CF34
0BQ

Bankers

Nat
West
Bank
Plc 35‑37
Station
Road Port
Talbot

Page
3

Caerau
Development
Trust Trustees'
Report
(continued) For
The
Year
Ended
31
March
2025

Statement
of
Trustees'
Responsibilities

The
trustees
(who
are
also
the
directors
of
Caerau
Development
Trust
for
the
purposes
of
company
law)
are
responsible
for preparing
the
Trustees'
Report
and
the
financial
statements
in
accordance
with
applicable
law
and
United
Kingdom
Accounting Standards
(United
Kingdom
Generally
Accepted
Accounting
Practice).

Company
law
requires
the
trustees
to
prepare
financial
statements
for
each
financial
year.
Under
company
law
the
trustees must
not
approve
the
financial
statement
unless
they
are
satisfied
that
they
give
a
true
and
fair
view
of
the
state
of
affairs
of the
charitable
company
and
of
the
incoming
resources
and
application
of
resources,
including
the
income
and
expenditure,
of the
charitable
company
for
that
period.
In
preparing
the
financial
statements
the
trustees
are
required
to꞉

The
trustees
are
responsible
for
keeping
adequate
accounting
records
which
disclose
with
reasonable
accuracy
at
anytime
the financial
position
of
the
charitable
company
and
to
enable
them
to
ensure
that
the
accounts
comply
with
the
Companies
Act 2006.
They
are
also
responsible
for
safeguarding
the
assets
of
the
company
and
hence
for
taking
reasonable
steps
for
the prevention
and
detection
of
fraud
and
other
irregularities.

The
trustees
are
responsible
for
the
maintenance
and
integrity
of
the
corporate
and
financial
information
included
on
the charitable
company's
website.
Legislation
in
the
United
Kingdom
governing
the
preparation
and
dissemination
of
financial statements
may
differ
from
legislation
in
other
jurisdictions.

Small
Company
Rules

This
report
has
been
prepared
in
accordance
with
the
special
provisions
relating
to
companies
subject
to
the
small
companies regime
within
Part
15
of
the
Companies
Act
2006.

The
trustees'
report
was
approved
by
the
board
of
trustees
and
signed
on
its
behalf
by꞉

Mr
C
Pryme Trustee 16
December
2025

Page
4

Caerau
Development
Trust Independent
Examiner's
Report
to
the
Trustees
of
Caerau
Development
Trust For
The
Year
Ended
31
March
2025

I
report
to
the
charity
trustees
on
my
examination
of
the
accounts
of
the
Company
for
the
year
ended
31
March
2025.

Responsibilities
and
Basis
of
Report

As
the
charity
trustees
of
the
Company
(and
also
its
directors
for
the
purposes
of
company
law),
you
are
responsible
for
the preparation
of
the
accounts
in
accordance
with
the
requirements
of
the
Companies
Act
2006
(“the
2006
Act”).

Having
satisfied
myself
that
the
accounts
of
the
Company
are
not
required
to
be
audited
under
Part
16
of
the
2006
Act
and are
eligible
for
independent
examination,
I
report
in
respect
of
my
examination
of
your
charity’s
accounts
as
carried
out
under section
145
of
the
Charities
Act
2011
(‘the
2011
Act’).
In
carrying
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
Statement

I
have
completed
my
examination.
I
confirm
that
no
matters
have
come
to
my
attention
in
connection
with
the
examination giving
me
cause
to
believe꞉

I
have
no
concerns
and
have
come
across
no
other
matters
in
connection
with
the
examination
to
which
attention
should
be drawn
in
this
report
in
order
to
enable
a
proper
understanding
of
the
accounts
to
be
reached.

Robert
Cole
(Association
of
Chartered
Certified
Accountants) 16
December
2025 Office
2
Llynfi
Enterprise
Centre Heol
Ty
Gwyn
Industrial
Estate Maesteg CF34
0BQ

Page
5

Caerau
Development
Trust Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) For
The
Year
Ended
31
March
2025

Notes
INCOMEANDENDOWMENTSFROM꞉
Charitableactivities꞉
3
CommunityCentre
EXPENDITUREON꞉
Charitableactivities꞉
5
CommunityCentre
NETINCOME/(EXPENDITURE)
NETMOVEMENTINFUNDS
RECONCILIATIONOFFUNDS꞉
Totalfundsbroughtforward
TOTALFUNDSCARRIEDFORWARD
14		 2025
Restricted
funds
£
124,670		 2024
Restricted
funds
£
115,264
(117,104) (130,993)
7,566 (15,729)
7,566
237		 (15,729)
15,966
7,803 237

The
notes
on
pages
8
to
13
form
part
of
these
financial
statements.

Page
6

Caerau
Development
Trust Balance
Sheet As
At
31
March
2025

Notes
FIXEDASSETS
TangibleAssets
10
CURRENTASSETS
Cashatbankandinhand
Creditors꞉AmountsFallingDueWithinOneYear
11
NETCURRENTASSETS(LIABILITIES)
TOTALASSETSLESSCURRENTLIABILITIES
Creditors꞉AmountsFallingDueAfterMoreThanOne
Year
12
NETASSETS
FUNDSOFTHECHARITY
RestrictedFunds
TOTALFUNDS
14		 Unrestricted
funds
£
‑		 Restricted
funds
£
6,175		 2025
Total
funds
£
6,175		 2024
Total
funds
£
14,510
‑
‑		 6,175
11,912		 6,175
11,912		 14,510
19,689
‑
‑		 11,912
(6,284)		 11,912
(6,284)		 19,689
(27,962)
‑ 5,628 5,628 (8,273)
‑ 11,803 11,803 6,237
‑ (4,000) (4,000) (6,000)
‑ 7,803 7,803 237
7,803 237
7,803 237

For
the
year
ending
31
March
2025
the
charitable
company
was
entitled
to
exemption
from
audit
under
section
477
of
the Companies
Act
2006
relating
to
small
companies.

The
members
have
not
required
the
charitable
company
to
obtain
an
audit
in
accordance
with
section
476
of
the
Companies Act
2006.

The
trustees
acknowledge
their
responsibilities
for
complying
with
the
requirements
of
the
Act
with
respect
to
accounting records
and
the
preparation
of
accounts.

These
accounts
have
been
prepared
in
accordance
with
the
provisions
applicable
to
companies
subject
to
the
small
companies regime.

On
behalf
of
the
board

Mr
G
S
Dawe

Trustee 16
December
2025

The
notes
on
pages
8
to
13
form
part
of
these
financial
statements.

Page
7

Caerau
Development
Trust Notes
to
the
Financial
Statements For
The
Year
Ended
31
March
2025

1. General
Information

Caerau
Development
Trust
is
a
company
limited
by
guarantee,
incorporated
in
England
&
Wales,
registered
number 06849950
and
registered
charity
number
1150390.
The
registered
office
is
Community
Centre,
Woodland
Terrace,
Maesteg, Mid
Glamorgan,
CF34
0SR.

2. Accounting
Policies

2.1. Basis
of
Preparation
of
Financial
Statements

The
financial
statements
have
been
prepared
in
accordance
with
the
Charities
SORP
(FRS
102)
"Accounting
and Reporting
by
Charities꞉
Statement
of
Recommended
Practice
applicable
to
charities
preparing
their
accounts
in accordance
with
the
Financial
Reporting
Standard
applicable
in
the
UK
and
Republic
of
Ireland
(FRS
102)
(effective
1 January
2019)",
Financial
Reporting
Standard
102
"The
Financial
Reporting
Standard
applicable
in
the
UK
and
Republic of
Ireland"
and
the
Companies
Act
2006.

The
financial
statements
are
presented
in
Sterling
which
is
the
functional
currency
of
the
charity.
Monetary
amounts
in the
financial
statements
are
rounded
to
the
nearest
pound.

The
charitable
company
is
a
Public
Benefit
Entity
as
defined
by
FRS
102.

2.2. Going
Concern
Disclosure

The
trustees
have
not
identified
any
material
uncertainties
related
to
events
or
conditions
that
may
cast
significant doubt
about
the
charitable
company's
ability
to
continue
as
a
going
concern.

2.3. Significant
judgements
and
estimations

The
significant
accounting
policies
applied
in
the
application
of
these
financial
statements
are
set
out
below.
These policies
have
been
consistently
applied
to
all
years
presented
unless
otherwise
stated.

No
significant
judgements
have
had
to
be
made
by
the
trustees
in
preparing
these
financial
statements.
The
trustees are
not
aware
of
any
material
uncertainties
about
the
charity's
ability
to
continue
as
a
going
concern.

2.4. Fund
Accounting

Unrestricted
funds
can
be
used
in
accordance
with
the
charitable
objectives
at
the
discretion
of
the
trustees.

Designated
funds
comprise
unrestricted
funds
that
have
been
set
aside
by
the
trustees
for
a
specific
purpose.

Restricted
funds
are
to
be
used
for
specific
purposes
as
laid
down
by
the
donor.

Further
explanation
of
the
nature
and
purpose
of
each
fund
is
included
in
the
notes
to
the
financial
statements.

2.5. Incoming
Resources

Recognition
of
income꞉

Income
is
included
in
the
Statement
of
Financial
Activities
(SoFA)
when
the
charity
becomes
entitled
to,
and
virtually certain
to
receive,
the
income
and
the
amount
of
the
income
can
be
measured
with
sufficient
reliability.

Income
with
related
expenditure꞉

Where
income
has
related
expenditure
the
income
and
related
expenditure
is
reported
gross
in
the
SoFA.

Donations
and
legacies꞉

Voluntary
income
received
by
way
of
grants,
donations
and
gifts
is
included
in
the
the
SoFA
when
receivable
and
only when
the
Charity
has
unconditional
entitlement
to
the
income.

Tax
reclaims
on
donations
and
gifts
Donated
services
and
facilities꞉

Income
from
tax
reclaims
is
included
in
the
SoFA
at
the
same
time
as
the
gift/donation
to
which
it
relates.

Donated
Services
and
facilities꞉

These
are
only
included
in
income
(with
an
equivalent
amount
in
expenditure)
where
the
benefit
to
the
Charity
is reasonably
quantifiable,
measurable
and
material.

Volunteer
help꞉

The
value
of
any
volunteer
help
received
is
not
included
in
the
accounts.

Investment
income꞉

This
is
included
in
the
accounts
when
receivable.

Gains/(losses)
on
revaluation
of
fixed
assets꞉

This
includes
any
gain
or
loss
resulting
from
revaluing
investments
to
market
value
at
the
end
of
the
year.

Gains/(losses)
on
investment
assets꞉

This
includes
any
gain
or
loss
on
the
sale
of
investments.

Page
8

Caerau
Development
Trust Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

2.6. Donated
Goods
and
Services

All
donated
goods,
facilities
and
services
received
are
recognised
within
incoming
resources
and
expenditure
at
an estimate
of
the
value
to
the
charity.

2.7. Resources
Expended

Expenditure
Recognition
of
expenditure꞉

Expenditure
is
recognised
on
an
accruals
basis.
Expenditure
includes
any
VAT
which
cannot
be
fully
recovered,
and
is reported
as
part
of
the
expenditure
to
which
it
relates.

Expenditure
on
raising
funds꞉

These
comprise
the
costs
associated
with
attracting
voluntary
income,
fundraising
trading
costs
and
investment management
costs.

Expenditure
on
charitable
activities꞉

These
comprise
the
costs
incurred
by
the
Charity
in
the
delivery
of
its
activities
and
services
in
the
furtherance
of
its objects,
including
the
making
of
grants
and
governance
costs.

Grants
payable꞉

All
grant
expenditure
is
accounted
for
on
an
actual
paid
basis
plus
an
accrual
for
grants
that
have
been
approved
by the
trustees
at
the
end
of
the
year
but
not
yet
paid.

Governance
costs꞉

These
include
those
costs
associated
with
meeting
the
constitutional
and
statutory
requirements
of
the
Charity, including
any
audit/independent
examination
fees,
costs
linked
to
the
strategic
management
of
the
Charity,
together with
a
share
of
other
administration
costs.

Other
expenditure꞉

These
are
support
costs
not
allocated
to
a
particular
activity.

2.8. Tangible
Fixed
Assets
and
Depreciation

Tangible
fixed
assets
are
measured
at
cost
less
accumulated
depreciation
and
any
accumulated
impairment
losses. Depreciation
is
provided
at
rates
calculated
to
write
off
the
cost
of
the
fixed
assets,
less
their
estimated
residual
value, over
their
expected
useful
lives
on
the
following
bases꞉

Leasehold 7.5%
straight
line Motor
Vehicles 20%
straight
line Games
&
Equipment 25%
straight
line

2.9. Cash
and
Cash
Equivalents

Cash
and
cash
equivalents
are
basic
financial
assets
and
include
cash
in
hand
and
deposits
held
at
call
with
banks, other
short‑term
highly
liquid
investments
that
mature
in
no
more
than
three
months
from
the
date
of
acquisition
and are
readily
convertible
to
a
known
amount
of
cash
with
insignificant
risk
of
change
in
value,
and
bank
overdrafts.

2.10. Financial
Instruments

Debtors

Short
term
debtors
are
measured
at
transaction
price
(which
is
usually
the
invoice
price),
less
any
impairment
losses for
bad
and
doubtful
debts.
Loans
and
other
financial
assets
are
initially
recognised
at
transaction
price
including
any transaction
costs
and
subsequently
measured
at
amortised
cost
determined
using
the
effective
interest
method,
less any
impairment
losses
for
bad
and
doubtful
debts.

Creditors

Short
term
creditors
are
measured
at
transaction
price
(which
is
usually
the
invoice
price).
Loans
and
other
financial liabilities
are
initially
recognised
at
transaction
price
net
of
any
transaction
costs
and
subsequently
measured
at amortised
cost
determined
using
the
effective
interest
method.

2.11. Taxation

The
charity
is
exempt
from
tax
as
all
its
income
is
charitable
and
applied
for
charitable
purposes.

3. Income
from
Charitable
Activities

.
IncomefromCharitableActivities
2025 2024
Restricted Restricted
funds funds
£ £
CommunityCentre 124,670 115,264

Page
9

Caerau
Development
Trust Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

Grants,
included
above,
are
as
follows꞉

BridgendCountyBoroughCouncil&BridgendAssociationofVoluntaryOrganisations(BAVO)
NationalLotteryMainGrant
CommunityFoundationWales
MaestegTownCouncil
.
NetIncome/(Expenditure)
henetincome/(expenditure)isstatedaftercharging/(crediting)꞉
Depreciationoftangiblefixedassets‑owned
Gain/Lossondisposaloftangiblefixedassets
.
AnalysisofExpenditure
Activities
undertaken
directly
£
CommunityCentre
32,653
Activities
undertaken
directly
£
CommunityCentre
31,043
.
SupportCosts
Employeecosts
Premisesexpenses
Generaladministration
Depreciation		 BridgendCountyBoroughCouncil&BridgendAssociationofVoluntaryOrganisations(BAVO)
NationalLotteryMainGrant
CommunityFoundationWales
MaestegTownCouncil
.
NetIncome/(Expenditure)
henetincome/(expenditure)isstatedaftercharging/(crediting)꞉
Depreciationoftangiblefixedassets‑owned
Gain/Lossondisposaloftangiblefixedassets
.
AnalysisofExpenditure
Activities
undertaken
directly
£
CommunityCentre
32,653
Activities
undertaken
directly
£
CommunityCentre
31,043
.
SupportCosts
Employeecosts
Premisesexpenses
Generaladministration
Depreciation		 2025
Restricted
funds
£
19,594
41,849
1,400
500		 2024
Restricted
funds
£
7,903
34,240
1,400
‑
63,343 43,543
2025
£
8,335
‑		 2024
£
16,508
1,390
Support
costs
(seenote6)
£
84,451		 2025
Total
£
117,104
Activities
undertaken
directly
£
31,043		 Support
costs
(seenote6)
£
99,950		 2024
Total
£
130,993
2025
Community
Centre
£
34,454
16,988
24,674
8,335
84,451

4. Net
Income/(Expenditure)

The
net
income/(expenditure)
is
stated
after
charging/(crediting)꞉

5. Analysis
of
Expenditure

6. Support
Costs

Page
10

Caerau
Development
Trust Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

Employeecosts
Premisesexpenses
Generaladministration
Depreciation
7.
IndependentExaminer'sRemuneration
Independentexaminationofthefinancialstatements
8.
StaffCosts
Staffcostswereasfollows꞉
Wagesandsalaries		 2025
£
1,315
2025
£
34,454		 2024
Community
Centre
£
35,423
13,433
33,196
17,898
99,950
2024
£
1,315
2024
£
35,423

No
employees
received
employee
benefits
(excluding
employer
pension
costs)
for
the
reporting
period
of
more
than
£60,000.

9. Average
Number
of
Employees

Average
number
of
employees
during
the
year
was꞉
2
(2024꞉
2)

10. Tangible
Assets

10.
TangibleAssets
Cost
Asat1April2024
Asat31March2025
Depreciation
Asat1April2024
Providedduringtheperiod
Asat31March2025
NetBookValue
Asat31March2025
Asat1April2024		 Land&
Property
Leasehold
£
139,104		 Motor
Vehicles
£
21,214		 Games&
Equipment
£
14,615		 Total
£
174,933
139,104 21,214 14,615 174,933
136,848
2,255		 10,795
4,243		 12,780
1,837		 160,423
8,335
139,103 15,038 14,617 168,758
1 6,176 (2) 6,175
2,256 10,419 1,835 14,510

Page
11

Caerau
Development
Trust Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

  1. Creditors꞉
Amounts
Falling
Due
Within
One
Year
Othercreditors
Taxationandsocialsecurity
Accrualsanddeferredincome		 2025
£
2,566
432
3,286
6,284		 2024
£
2,263
95
25,604
27,962

12. Creditors꞉
Amounts
Falling
Due
After
More
Than
One
Year

2.
Creditors꞉AmountsFallingDueAfterMoreThanOneYear
Accrualsanddeferredincome
3.
DeferredIncome
Deferredincomemovementsintheyearwereasfollows꞉
Balanceatthestartoftheperiod
Incomedeferredinthecurrentperiod
Amountsreleasedinincomefrompreviousperiods
Balanceattheendoftheperiod		 2025
£
4,000
2025
£
30,325
‑
(24,325)		 2024
£
6,000
2024
£
14,986
30,325
(14,986)
6,000 30,325

13. Deferred
Income

Deferred
income
movements
in
the
year
were
as
follows꞉

  1. Movement
in
Funds
Restrictedfunds
Restrictedrevenuefund
Totalfunds
Restrictedfunds
Restrictedrevenuefund
Totalfunds		 Asat1April
2024
£
237		 Income
£
124,670		 Expenditure
£
(117,104)		 Asat31
March2025
£
7,803
237 124,670 (117,104) 7,803
Asat1April
2023
£
15,966		 Income
£
115,264		 Expenditure
£
(130,993)		 Asat31
March2024
£
237
15,966 115,264 (130,993) 237

The
fund
is
maintained
for
the
continued
existence
of
the
Community
Centre
and
other
projects,
as
detailed
in
the
Schedule of
the
Statement
of
Financial
Activities.

  1. Transactions
with
Trustees

None
of
the
trustees
received
any
remuneration
or
any
other
benefits
from
an
employment
with
the
charity
or
a
related
entity during
the
current
or
previous
year.

No
trustee
expenses
have
been
incurred.

Page
12

Caerau
Development
Trust Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

16. Related
Party
Disclosures

There
have
been
no
related
party
transactions
in
the
reporting
period
that
require
disclosure.

17. Company
limited
by
guarantee

The
company
is
limited
by
guarantee
and
has
no
share
capital.

Every
member
of
the
company
undertakes
to
contribute
to
the
assets
of
the
company,
in
the
event
of
a
winding
up,
such
an amount
as
may
be
required
not
exceeding
£5.

Page
13

Caerau
Development
Trust Detailed
Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) For
The
Year
Ended
31
March
2025

INCOMEANDENDOWMENTSFROM꞉
CharitableActivities꞉
CommunityCentre
Charityshop
Communitycafe
Rentalincome
Grants
EXPENDITUREON꞉
CharitableActivities꞉
CommunityCentre
Purchases(shop,cafe&FairShare)
Fundays,fetes&trips
Wagesandsalaries
Rent
Lightandheat
Repairsandmaintenance
Cleaning
Equipmentexpensed
Vehiclerunningcosts
Travel&foodbankpickup
Insurance
Printing,postageandstationery
Telecommunications
Independentexaminer'sfees
Sundryexpenses
Depreciationofmotorvehicles
Depreciationofgames&equipment
Depreciationofleaseholdlandandproperty
Lossondisposaloftangiblefixedassets
NETINCOME/(EXPENDITURE)		 2025
Total
funds
£
28,994
27,313
5,020
63,343		 2024
Total
funds
£
29,991
36,400
5,330
43,543
124,670 115,264
124,670
(32,653)
‑
(34,454)
(817)
(6,729)
(2,341)
(7,101)
‑
(10,753)
(5,580)
(4,393)
(157)
(2,307)
(1,315)
(169)
(4,243)
(1,837)
(2,255)
‑		 115,264
(30,293)
(750)
(35,423)
(812)
(6,814)
(1,317)
(4,490)
(417)
(14,087)
(13,865)
(1,746)
(48)
(1,658)
(1,315)
(60)
(4,243)
(1,837)
(10,428)
(1,390)
(117,104) (130,993)
(117,104) (130,993)
7,566 (15,729)

Page
14