## **REGISTERED CHARITY NUMBER: 1209370** **TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ABERFAN & MERTHYR VALE COMMUNITY CENTRE CIO** ## **ABERFAN & MERTHYR VALE COMMUNITY CENTRE CIO** **CONTENTS OF THE TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** |Trustees report|page 1 to 2| |---|---| |Statement of Financial Ac�vi�es|page 3| |Balance Sheet|page 4| |Notes to the Financial Statements|page 5 to 8| THIS PAGE IS BLANK **ABERFAN & MERTHYR VALE COMMUNITY CENTRE CIO** **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025** The Trustees of The Aberfan & Merthyr Community Centre CIO (the ‘’Charity’’) present their annual report and financial statements of the Charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accoun�ng policies of the Charity Statement of Recommended Prac�ce. ## **Objec�ves** The Aberfan & Merthyr Community Centre CIO owns and manages the Aberfan Centre. ## **Financial review** In the year to 31 March 2025, the Charity received total incoming resources of £8,300. ## **Reserves policy** In accordance with the accoun�ng policies, the Trustees maintain Restricted Funds equal to the value of the Aberfan Centre. ## **Related par�es** The Aberfan & Merthyr Community Centre CIO is a Trustee for the Aberfan Disaster Fund. Borough Council. Merthyr Tydfil contributes to the costs and management of leisure facili�es at the centre, either directly or through its own contractors. **ABERFAN & MERTHYR VALE COMMUNITY CENTRE CIO** 1 **ABERFAN & MERTHYR VALE COMMUNITY CENTRE CIO** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025** ## **Reference and administra�ve details Registered Charity number 1209370:** ## **Trustees** Ellis Cooper Sarah King Approved by order of the Board of Trustees on 29 January 2026 and signed on its behalf by: Ellis Cooper and Sarah King ............................................. Trustees 2 **MAIN STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **STATEMENT OF FINANCIAL ACTIVITIES 2024/2025** |||**2025**|**2025**|**2025**| |---|---|---|---|---| |||**Total**
**Restricted**
**Funds**|
**Total**
**Unrestricted**
**funds**|**Total Funds**| ||_Notes_|**£**|**£**|**£**| |||||| |**INCOME AND ENDOWMENTS FROM**||||| |Income|_3_|0|8,300|8,300| |||||| |**Total incoming resources**||**0**|**8,300**|**8,300**| |||||| |**EXPENDITURE ON**||||| |Charitable activities|_4_|0|(17,965)|(17,965)| |||||| |||||| |**NET (EXPENDITURE) BEFORE DEPRECIATION**||**0**|**(9,665)**|**(9,665)**| |||||| |Depreciation|_6_|(49,615)|0|(49,615)| |||||| |||||| |**Net movement in funds**||**(49,615)**|**(9,665)**|**(59,280)**| |||||| |**RECONCILIATION OF FUNDS**||||| |||||| |**Total funds brought forward**|_8_|1,404,500|0|1,404,500| |**Total Funds carried forward**||1,354,885|(9,665)|1,345,220| 3 **MAIN STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **BALANCE SHEET AT 31 MARCH 2025** **----- Start of picture text -----**
2025
Total
Notes £
FIXED ASSETS
Land & Buildings 6 1,354,885
CURRENT ASSETS
Cash at bank 0
CREDITORS
Bank overdraft & creditors due within a year 7 (9,665)
NET CURRENT ASSETS (9,665)
NET ASSETS 1,345,220
Restricted Funds 8 1,354,885
Unrestricted Funds (9,665)
TOTAL FUNDS 1,345,220
**----- End of picture text -----**
behalf by: E Cooper and Sarah King Trustees ............................................. 4 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. STATUTORY INFORMATION** The Aberfan & Merthyr Vale Community Centre is a Charitable Incorporated Organisa�on, registered in England and Wales. the nearest pound. below. ## **2. ACCOUNTING POLICIES** ## prepared in accordance with the Chari�es SORP (FRS 102) 'Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce. are ini�ally recognised at historical cost or transac�on values. The Aberfan Centre was valued at the point that it transferred into the Charity and has then been treated in accordance with the historic cost model. There have been no material departures from Financial Repor�ng Standard 102. The one immaterial departure is that an annual insurance premium has been charged in the first full year of opera�on. The valua�on was at Exis�ng Use Value and the transferring in of this asset is represented by the Charity’s Restricted Fund. It is noted that Merthyr County Borough Council and its contractors have incurred net costs at the Aberfan Centre in order to support the provision of leisure services by agreement with the trust. These net costs, comprising both expenditure and income are shown within the accounts of Merthyr County Borough Council and funded from Council resources. Centre in suppor�ng the delivery of leisure services under the agreement with the Trust. These net costs, which include both expenditure and associated income, are recorded within the Council’s accounts and are funded from Council resources. ## **Income** of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. 5 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **Expenditure** Liabili�es are recognised as expenditure when the Charity has a legal or construc�ve obliga�on to incur the cost, it is probable that se�lement will be required, and the amount can be measured reliably. An annual insurance premium has been charged in the first full year of opera�on. ## **Taxa�on** The Charity is exempt from taxa�on on income arising from its charitable ac�vi�es. Other income is ancillary to the provision of leisure services at the Aberfan Centre. ## **1 FUND ACCOUNTING** The Restricted Fund is equal to the value of the Aberfan Centre, which was transferred into the Charity during 2024/25. ## 2 **FINANCIAL INSTRUMENTS** instruments. Basic financial instruments are ini�ally recognised at transac�on value and subsequently measured at their se�lement value. Creditors are recognised where the Charity has a present obliga�on resul�ng from a past event that will probably result in the transfer of funds to a third party and the amount due to se�le the obliga�on can be measured or es�mated reliably. Creditors are normally recognised at their se�lement amount. ## 3 **INCOME** The charity had total income of £8,300. ## **4 DIRECT COSTS OF CHARITABLE ACTIVITIES** **2025** **£** ## **Unrestricted funds** **----- Start of picture text -----**
||| |---|---| |Legal costs|4,177| |Insurance costs|13,788| |Total|17,965| |2025| |£| |Restricted funds| |Deprecia�on|49,615| **----- End of picture text -----**
6 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **5 TRUSTEES' REMUNERATION AND BENEFITS** ## **Trustees' expenses** There were no Trustees' expenses paid for the year ended 31 March 2025 ## **6. FIXED ASSETS** |**Cost or Value**|01/08/2024|31/03/2025| |---|---|---| ||£|£| |AberfanCentre|1,290,000|1,290,000| |Land atAberfan|114,500|114,500| |**Total Gross Value**|**1,404,500**|**1,404,500**| |||| |**Depreciation**||| |Cumulative Depreciation|0|(49,615)| |**Net Closing Asset Value**|**1,404,500**|**1,354,885**| valua�on used to determine the carrying value of the property. As there is currently no lease or contractual obliga�on requiring the charity to undertake any remedial works, no provision or commitment has been recognised in the financial statements. ## **7. FINANCIAL INSTRUMENTS** 7 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **8. FUND MOVEMENTS** ||**01/08/2024 **|**Movement in Funds**|**31/03/2025**|| |---|---|---|---|---| ||£|£|£|| |**Unrestricted Funds**||||| |Endowment|1,404,500|(49,615)|1,354,885|| |TOTALFUNDS|**1,404,500**|**(49,615)**|**1,354,885**|| |||||| |||||| ||**Incoming**|**Resources**|**Depreciation**|**Movement**| ||**resources**|**expended**||**in funds**| |**Unrestricted Funds**|£|£|£|£| |Endowment|0|0|(49,615)|(49,615)| |TOTAL FUNDS|**0**|**0**|**(49,615)**|**(49,615)**| ## **9. RELATED PARTY DISCLOSURES** See Related Par�es Note above ## **10. COMMITMENTS** At 31 March 2025, the Charity had commitments amoun�ng to £nil. 8