Cefn Coed Community Centre Report and Finanual Statements Year ended 31st March 2023 Chaiity Number 523664
CEFN COED COMMLryrrY CENTRE Contents Page L¢gal &ud AdmiIllstrative InforntiOll Report of the Trn5t¢¢s R¢port of the Indq)endent Examiner Stat¢m¢nt of Fitsawiat A¢tiviti¢s Balauce Sheet Not¢s to the Financial Ststements 7-12
CEFN COED COMMUNITY CEf4TRE al andadministrative in ormahon Registsl Charlty Trlumber 523664 Trustse$ Mr Philip Griffiths Iseeretary) Mr D Willis {resigDed 15.0525) Mr R Davies Mrs A Wilkins (Treasiwer) MTS S Towning {re%igtted Ilth April 2024) Mrs J Wilkins (Tesigned 15.05.25) Mr M J vaugha (appointed 15.05.25) Mr K R Thomas (appointel 15.05.25) Mr J Evans (appointed 15.05.25) Mrs A E Crowson (appointed 15.05.25) Mr8 C Lang {appointsd 15.05.25) Frincipil offlc¢ C¢fi] Coed Commutiity Centr< Cefll Coe M¢rthyr Tydfil, CF48 2N Independent Examlner R l Knoyle ACA FCCA Bak¢r Knoyle Accounlaney Ltd.. Chartered Acrountantss. Orbit Busine&s Ceth, Rliydycar Busine Park. M¢rthyr Tydfil, CF48 IDL. PL8e I
CEFN COKD COMMUNrrY CELYfRE orto the tru51ee5 ear ended 315É.Varch 2023 The trustees present theirTeport and acCOts of the charity for the year ended 3 1st March 2023. The financial Ststenttts have been prepared iti accoidallce with the aoltIg policies set out page 7 and comply with the clwitys tNst deed and applicable law. The Injstees have adopted the provisions of Ac¢ountEng and R¢porting by CIlties.. StatenKnt of iieeonnnended Prartic¢ applicable to clwiti preparing their accounts in accordance with the Fin¢la] Reporting Standard applicable in the UK and Rcpublic of IrelAnd (FRS 102) {Efftetive l January 2019). C0Tr5titstion and obj¢¢ts Tbe Chariry is governed by the r¢vised constitution of Febnwy 2006 arml provides facilities within a eoD]munity ¢Elltr¢ for the benefit of the ithbitatsts of Vaynor ward atsd tbe nti8hbourhood. The thn'ty has colltinued to develop its activities in a¢cordAnce its constikntiots. This is to provide a Con)munity Centse for the ben¢fit of the ithbitants of var ward and the neigbbowhood. All properties, halvhouse and gardge are now vested with the CFlty Con]rnission. Sun)m*ry of majn ACtlvftAu Th¢ ¢¢ntr¢ operated throughout the year opetiillg daily and by request At we¢kell&q. The facilitics arc r¢gularly u5¢d by groups 8ud a¢tivity or1$#110S. How our artAvltle8 dellver public bener Our centre provide5 facilities within o con]munity centre for the benefit of loc&1 residents. The eentre provides a focal point for many lo¢at groups and organisations at a Very reasojjable cost. W¢ have compli¢d with tbe duty in sectioD 17 of tbE 2011 Cbatities Aet to have due regard to gUidCe published by the Commission in respect of our duty to providc public benefiL Organlgatlon The trustees. wbo are also members of the cotnmittee. Ththo Iwe serned dutittg the year are set out on page l. The conhtnittee seeks to eLsuTe that the nttds of the cbarity gnd that of the publle. wholn the clwity 8erves. are appropriately reflected through the diversity of th¢ trustee body. Trddiiional busine8S skills aT¢ r¢pr¢sented aTnong tbe trusttt4 Ls well as indivtduals withknowl¢dg¢ of th¢ ¢nviromllent witbiti which the Ch1 operates. lu aTL attenwt to enwre th81 the needs ofthe Charity the public are meo individuals wbo possess the requirnl skills and knowledge ore from tirne to time invited to join the board of trustees. Most tru5tEe5 are atready famili ryth the WOTk of the charity. New trustees are invited to visit the charity's premise5 ond to mect som¢ of th¢ c¢ntr¢ vscrs to obtain a bettcr whd¢rstallding of how th¢ Charity operates. New trustees are elleouraged to tneet and hold di%cussions with tbe existitig trustees. Pag¢ 2
CEFfi COED COLIIMuyrrY CENfRE the trustses ear ended31Ji M4rch 2023 Cont'd In 2023 income derived from rentsb aT grdnts increased from £41,923 2022 to £45.422 in 2023 while expenditute deCred from £56.084 to £53.637 ID 2023. The charity therefore gentratEd a deficit trading p)sition of £8215 {2022'. d¢fi¢it £14,161). General Reserves drtad from £14,631 in 2022 to £8,835 ill 2023. Rillg costs bave been kept to a miuimum there duting the y. Prlnrlpgl fuuding sources The prill¢ipal illcome sowce continued to be the in¢ome getLerated from I11 and roomhir¢ which is the main fim¢ti¢m of the centre. Reserves olle Tb¢ fvlallagenLenl Committee has examin¢d th¢ ¢baTitS Tequtrements for res¢rvK in light of the main risks to the organisation. It h&9 estabLished a policy therebY the unrestrickd not committed OT invested in tangible fixed assets held by th¢ charity'should be approxin]ately l? months of expenditure (cxeludittg the d¢pr¢ciatson charge). The target free rry¢S are therefore appTOXitt)Lt¢ly £5121 8. Free reserves as at 3 1st Mar¢h 2023 $to(NJ at £8.83), which is short of this target The tn irttend to address this positio alld aim to illcre fr¢¢ reserves in fijture yeats. Plans for future perio The centr¢ plan5 to contune to provide & bigh quality and well mainkned cotnttllllllty c¢ntre for the foreseeable futtwe, subject to Saliyf2Ctory funding aTrngetnellts. The centre will Continue to activ¢ly seek w&ys to raise eentre iticorne. primarily thTh)ugb inere&¥ing iucome g¢nerat¢d from hire of the centre. Approyed by the board Phillp Griffiths- Tn]st¢e 1st Sept¢uJb¢r 2025 Page 3
CEFN COED cOTrI[U CKNI TRE Inde enden¢ Examiners ort to the Trustees l T¢POrt lo the cELarity on my examination of the aecounts of thc Cefn Coed Community Centr¢ for tb¢ y¢ar ¢lld¢d 3181 March 2023. RespoDsibl]ities and basts of rep)rt As the elwity's truste¢s yoii aTt r¢sponsible for the preparation of tbe a)Unts ID acc4)rdance with the requirements of the Charitres Aet 2011 ('the A¢t'). I report in respect of tny exatnitiation of the chariry's accounts rried out under sertion 145 of the Art and in ¢arryiti8 out ¢vwiuatioll I have followed all the applicable Dirxtions given by the Clwity Convnission LTnder s¢etion 145(5)(b) of the Act. Indep¢nd¢Dt exsJther'$ st4ttment I hav¢ cOleted my examination. I confim) that no nwttial lllatt IBYe come to my attention In conneetion with the examination giving mc Cause to believe that ID ally tnateriai TespecL accoutiting records Mtre Dot k¢pt io res of the cljatity a8 r¢quired by se¢tion 130 of the A¢t,' or 2 the Accoullts do not accord with those records 3 the 8e¢ounts do nol coroplywith the applicable requirements concerning the forn] and conterlt of accounts t out in the Charities {Accounts and R¢p)rts) R¢gulations 2008 other than any requirement that the accounts give a 'tnJe and fair view, which 1$ not a matter Consided as part of independ¢llt examination. I have llts concerns aDd have com¢ across no other maueTS in conneetlOD lh¢ examinati? to which attention should be dra this r¢port in order to enable a proper undersLaryliDg of thc accounts to be reached. R l Knoyle ACA Baker Knoyle A¢¢ Orbit Business Celltre Rhydy&2r BusiDes8 Park M¢rthyr Tydfil CF48 IDL CA nt*n¢y Limited Page 4
CETrDI COED COLI(fviufITY CEfiTRE STA TEME.IVT OF FLWAWC14L ACTIvITs CLL'DI,VG IIVCOTrIE.4ND E¥PE.,NDITL'REACCOb FOR THE YE4R EIVDED 31 MARCH 21123 UDreJt- Rest- ricted Funds Total Funds 2023 Total Fund$ 2022 Note Fuuds INCOME AND ENDOWMENTS FROM Charltbk actlyltles Community Centre activities- hire income Donations & legacies Other income 44.922 5(KJ 44,922 500 19,438 22.485 Total Incomlng resources (3) 45.422 45,42 41.923 EXPENDITLIRE ON Charitable aCtitieS Cowmunity Centre activiti&% 51.659 1,978 53,637 56,084 Total re)UrceS eended (2) 51,659 1.978 53,637 56,084 Net (outgoingyincoming resources before transfers {6.237} {1.978) (8215) (14,1611 Transfers becen fiLndg 16,237} (1.9781 (8.215) {14,1611 Reconclllatlon of Funds Total fvnds briKLght forward 30,184 67.844 98,028 112,189 Total fijnds carried forward 23.947 65.866 89.813 98,028 The n(*e5 fonn part of these fjnancial staiemen Page 5
COED COlI(Muf4iTY CENfRE ALANCE SHEET AS A T 31 MARCH2023 2023 2022 Nott TAD4GIBLE FIXED ETs 181 80.978 83,397 CUIUiENf ASSETS Cash at bank & in hajhd Debtors and prep&srynents 3.416 10.521 26,569 7,668 13,937 34.237 CREDITORS: amounts falling due ithin one year {9) (5,102) (19.606) NLT CLRREwf ASSETS 8.835 14.631 TOTAL A&SETS LE&S CURRENT LJABILITILS 89,813 98,028 r4ET ASSETS (io} 89.813 98,028 FUNDS: Ullrestricted fvnds- Gener41 23.947 30,184 Restrl¢t¢d futtd5- Gr4llts 65,866 67,844 TOTAL FUNDS 89.813 98,028 Approved by the Truste&q on 1st Septanb¢ 2025 aDd 6igued i)n its haIr by.. Mr P Griffiths - Trustee Page 6
CEFN COED COMMUNrrY CEIYTRE NOTES FORMIVGPAA T OF THE FIIVAVCL4L STA TEMEJVTS FOR THE YE4R ENDED 31 NL4RCH 2023 ACCOUNTING POLICIES The principAI acwuntillg policies are sunynar1sI below. The ac¢ounting polici4s have been applied consistently throughout the year and in the preJ]ng year. a) B¥45is of preparlng the tInaneA ststements The fLnanthal swements of the charity, whith is a public Trnefit entity under FRS102, have prepared in ccordlncc with the Charities SORP {FRS 102)'AccouDting and Rewrting by Charitites: Statement of Recommended PrActi¢e applicable lo charitie8 preparing tbeir accounts in aecordanrK with the Financial Rq)orting Standard applicable in the UK alld Republic of trelaDd ITrRS102Keffective l January. 2019}, Fiaallcial Reporting St8nd3rd I2 The Financial Stalldard applicabl¢ in the UK and Republic of ireLand' and the Charitie4 Acr 2011. The financi81 st4temenrs have prepared under the htstorioql eost eonventiott. FSnaoclal r¢portiDg 5t4ndard 102- redllced dl8el(Aure exetw)dons The charity has taken advantage of the following disclosure exemption in preparaing the8¢ rinanCi st&iements, as pennitt&l by FRS102' The Financial Rq)orting Standard applickble in the UK aDd Republic of Ireland,: the requirements of Section 7 Ststement of Cash Flows. I,egAI forni Cefn Coed CoDununity Centre is aa unincorp(nted ¢hatity. register[ in England & Wales. b) Fulld accountthg Unr&%tricted fimds are available for use at the discretion of the trustees in furtherance of the genua] objectives of the charity. Restricted fimds are subjected to restrtctions on their eXdItuTe iMped by the donor or through the ternis of an appea] c) Incoming resourfes All incoming resourw ar¢ inclutsj in the statement of fjn8llci acti&illes wl]en the charity is entiiled to the income and the amount be qtsantifi with reasonable accuracy. The following specific ty)licieg are applied to particular cat¢gories of income.. Ilall hire and other int&ryally gellated ineome are reeognis ID the accounts on an accruals b&sis, as alld when the chaTity has provided the service entitling it to the consitsation. Incomino resources from grants. where related to perforniance and s]fiC deliverabl&8, Are aCcnted for as the ¢harity earns the right io consideration by its ptrfortnanc& Grant$ whfft entitlement is conditional on the delivery of a specific pthrniance by the charity are recognised w.fyen the thaTity Ivomes uncoDditii)tLall> entitled to the grant. Grantg for the Purchase of fixed assets are Tecognisal in fijll as restricted funds when receivable. Transfers are made to unrestricted fijnds (General fi]ndl in linc with the depre£iation policy on the uttderlng asset. Gifts in kind are included in the income and expditle account where they are applied in carrying out charitsble activities. where the charity would othLYwise have ro purch89e the donated flIlty and the b¢nefit i.$ )th quantable and material. The quantifiable benefit is shown as trf)th inc4)ming and expended resources within the appropriate fids. Where the gifi is an asA it is treAted as income and thken tTr str>ck or agsets as appropriate. d) Resourees expended Expenditure is recognised on an accrual Iwis as a ITability 18 Ill¢u Expenditure includeg VAT whieh CAftnot be r¢wvernL and report as part of the expenditttre to whith il relate8. Page 7
CEFLY COED COLIIMU.NKTY CEP4TRE NOTES FORhllNG PAR T OF THE F1ThA:cIA1. STA TEME.VTS FOR THF YFAR ENDED 31 M4RCH 2025 e) Pension costs Colltributions Are mad¢ to the anployees own personal pension yLhanes. The pension cost charge represents those contributions payable ty tbe indiv1thl s¢trLemes. O Fixed assets Fixd assets are stat at cost less accumul depreciation. Depreciation is provided at rAtes l¢ll1&ted to write off the cost of ¢a¢h ass over its expthi use1 life. 50 years straIr line 4 prs reducing balance & 33.30/• straight line 5 prs straight line and 25Q/o reducing balallce Computer equipment Other 4uipment Debtors and credltors rettlvAbleJpayible M4th1tt ome ye*r Debtors and creditors with intemt nqte and rellb]e or payablc within one yeaT are retorded at h) Golng Concern The charity FL&8 incurraL fither I{$£S during the year. and since the year d, hag sufftrred further from the loss of a rear souree of rentsE inc(Hnc. The trustees are continuously se¢ktng io identify additional inc(me urCeS bDth genetrated inc4me and grant fvnding. The futur¢ of the ohority is reliant upon addiiional sources of income Ing identified and receiye The trustees have a rea90nable expectation that suffici1 income will Ee ¥ellerat and allow the charity to continue for at leax the next 12 months and conso4uen$lythese financi Stt¢ts have kn preped on a going Concn basis. TOTAL RESOLRCES EXPENDED Unrestrieled Restrleted funds funds 2023 2022 Tot Con)munfity CtDtre Artivltles: Staff costs: Wages and national insurAnc¢ Employer pen$ion 26.762 462 27,224 26,762 462 27,224 21,592 270 21,862 Premis costs.. Light aud htat Insurances Repairs and renewaIs Telephone & internet charges Water rate8 Sundry Clearting and eonsumabl 14.244 1,424 3.665 629 198 612 1,047 14,244 1,424 3,665 629 198 612 1,047 5,353 1,646 20,098 714 18 309 812 21.819 21,819 28,950 Governance costs.. Postage & stationery AountanCY 732 1,443 2,175 732 1,443 2,175 513 2,340 2.853 Depreciation: Property 1.978 2,419 2.419 441 1,978 2,419 2,419 51,659 1,978 53,637 56,084 Page 8
CEFN COED COMMUNITY CENTRE NOTES FORMINGPAR T OF THE F]NA2lICL4L STA TEAlys FOR THE YEAR ENDED 31 MARCH 2823 TOTAL INCOMif4G RESOURCES 2023 2022 Hall Hire Donations & tKgacie5 44,922 500 19,438 22,485 41,923 Included in donations & legacid8 is £500 (2022.. £2.01)O) of unrestricted grant Ine. 4. NET INCO.MEI{EXPENDITLRE) FOR THE YEAR 2D23 2022 This is stated after charging: Trustee emolumet]ts Accountancy fees- Independ1 exami0 oth servic¢s 87 573 2,419 87D 1,470 2,419 Deprlati There were no trustees, expense8 p&id for the w ended 31 March 2023 nor f the year ended 31 March 2022. 5. STAFF COSTS AND NUMBERS St&lY((ts were as follows: 2023 2022 Salaries Emplo>rr Pension c¢tributIOnS 26,762 462 21.592 270 27,224 21,862 No anployte received emolumc¥Ats of more than £60,IXM) The average nun]ber of employee& estimated on a full - time equlval)t basis, anal)sed by fill)ction was as follows: 2023 2022 NuTnber Number Costs in fitytherAll¢¢ of ¢haritable obJ&ti. The key management personnel of the charity are the trustees. The total emplojee benefits of the key ge¥sonnel of the charity were £Nil12021-£Nil) 6. TAL4Tiof4 The tharitable is exempt from tsx on its charitable attivities. DEBTORS 2023 2022 Other debtors and PTepayments 10,521 7,668 Page 9
CEFN COED CoLwuNLTy cENfRE NOTES FORIIINGPART OF THE FNANCL4L STA TEMENTS FOR THE YEAR E,VDED 31 MARCH 2023 & TANGIBLE FIXED ASSETS Computer Llft equlpnTrettt Equip- property Tothl Cost.. At 1.4.22 8,(M)O 49.(188 120,969 94,382 272,439 At 31.3.23 49,088 120,969 94.382 272.439 Depreciation: At 1.4.22 Charge for year 49,088 37,572 2.419 94,382 189.042 2,419 At 31.3.23 49,088 39,991 94.382 191,461 IxM)k i'alues.. At31.322 83,397 83,397 At 31.3.23 80,978 80,978 9. CREDITORS: amounts fxlling due Trvithin one year 2023 2022 4.674 428 19.426 180 Taxation and 51Ki&I wurity 5,102 19,606 10. ANALYSJS OF NET ASSETS BETWEEN FUNDS Unrest- ricted Rest- rictsd 2023 Total 2022 Totsl Tsible fJx¢d &sse Curreat absets clrent liabilities 15.112 13,937 (s,12) 65.866 80,978 13.937 (5,102) 83.397 26,569 {19,606) 23,947 65,866 89,813 90,360 Page 10
CEFN COED COMMUNITY CENIRE NOTES FOKVING PAR T OF THE FINAIYCIAL STA TEMENTS FOR THE YE4R ENDED 31 JIIARCH 2023 11. MOVEMEDJTS IN FUI¥DS At IA.22 resollrces r¢sourees Tr- At 31J.23 Reytricted n5. Restricted Capital Fd 67.844 (1,978) 65,866 Total reslrictl fidS 67,844 (1,978) 65,866 Unrestricted fiLlld: General fid Designated fidS 14.631 15.553 45,422 (51,218} {441) 8,835 15,112 30,184 45,422 (51,659) 23,947 T(Kal fimdg 98.028 45,422 (53.637) 89,813 De8ign&td fimds reprwt 2Mounts set aside writ¢ down fixed asset5. A¢tliltl¢s undertsken wlth eaeh major fund Restricttd C¥4pital Fund Funts re1Ved the purp(Kes of the pwch&8e of UIpMent signific[ repairs to the C£ntr¢. 12. C0Tr4TROL Th¢ charity is controlled by its trusttrx, &8 idcntificd on page l. 13. PEliSION COMTrIITMENTS During the )r*r the charity WAS eiK)llrritcd to pay £462 (2022: £270) to the emploiteg pension schemes. At the year end £164 (2022: £5D Contributions were unpai 14. GOING CONCERN Please r¢f¢r to Going Concern in the Accounting polieieg. 15. RELATED PARTIKS There were no relat party transactio$ for the >rar end 31st March 2023. Pag¢ll
CEFN COED COMMifNITY CENfRE NOTFS FOR,11G PAR T OF THE FI,YA.NCIAL STA TEMEMTS FOR THE YEAR E,VDED 31 AL4RCH 2023 16. COMPAK4TIVE STATEMENf OF FINANCIAL ACTIVTfIES Lnrest- rlcted Rest- rleted Fund5 TotAI Funds 2022 TotAI Funds 2021 INCOME Af4D END0WM£s FROM Charitable 4rtAvitieJ Con)munity Centrc adivities- htte itKome Donations & legaeies Otber income 19,438 19.438 22,485 6,948 44,366 20.485 Totsl Ineoming resouree8 131 21.438 20.485 41,923 51,314 EXPENDITURE ON Charit4ble actitiC8 Con)muDity Centre tiVItieS 33.622 22,462 56,084 41,757 TotAI resourees expended 121 33,622 LTr,462 56,084 41,757 Net (outgoing)lincoming resources b¢for¢ trasf5 (12,184) (1.9771 (14,161) 9,557 Transfers between funds (1? 184) (fi,977) (14,161) 9,557 Re£oncili4tion of Funds Total lld5 brought fonvard 42.368 69.821 112,189 E02,632 Total funds carried foTrMrd 30.184 67.844 98,028 112,189 The llotes forni part of thes¢ fiu2n¢ial st*rn¢nts. Page 12