Cefn Coed Community Centre
Report and Finan￿al Statements
Year ended 31st March 2024
Charity Number 523664

CEFN COED COTrIMUTrIITY CENfKE
Contents
Page
LegaL alld Adtllinistrdtive Infornjatio
Report of the Trustees
Report of the lud¢p¢TAdent Euloiner
Statement of Financi￿ Activities
Balance Shcet
Notss tr) the Finallci￿ Statements
7-12

CEFTr4 COED COTrIMUNrrY CENTRE
al and adminivtrative in
ormalion
lieEiSted Cbatfity Trlumber
523664
Trustees
Mr Philip Griffiths (Secretary}
Mr D Willis {resiBued 15.0525)
Mr R L)avie$
Mrs A Wilkins (Treasw¢r)
S Tosvning (rtsigned I lth April 2024)
Trs J Wilkills (resigncd 15.05.25)
Mr M J Vaughan {appointed 15.05.25)
Mr K R Thomas (appointed 15.05.251
Mr J Evans (appointed 15.05.25)
Mts C Lattg {appointed 15.05.25)
Prillcip￿ offic¢
Cefn Coed Cotnmwhity Centre,
Cefu Coe<L
Mertbyr Tydfil,
CF48 2NA.
Independent Ex4winer
R l Knoyl¢ ACA FCCA
Baker Knoyle Accountancy LttL.
Chartered A¢coulltantss.
Orbit Business Centre,
Rhydycar Bvsin¢8s ParK
M¢rthyr Tydfil,
CF48 IDL.
Page I

CEFN COKD COMMUNITY CEJYTRE
orto
the tru5tee5
r ended 31s¢.V4r¢h 2024
The trusteEs present their report and accounts of the cllarity for the year ended 3 1st March 2024.
The financial stat¢ments bave been prepared In accordance with the accounliTLg w)li¢i¢s S¢t out onpage 7
and cotnply with the charit￿5 tn]st deed and appli¢8ble law.
The tr￿teeS bave adopted tbe provisions of
Accounting and Reporting by Clharities.. of Recommended Practice applicabl¢ to chAritiE$
pteparing their accounts in accordance with th¢ Financial Rq)ortiug Star￿ard applicable in the UK and
Republic of Irelalld (FRS 102) (Effective l Jalluary 2019).
CoDStitstion 4nd obJ¢rt8
The Charity is govern￿ by the revised ¢OL8tittttion of Febnwy 2¢)06 and provides f&ciliti¢s within a
mllhutiity centre for the benefit of th¢ inhabitants of Vayjwr ward alld the n¢ighbourbood.
The charity has cotttinued to develop its activities with its wn5titytii)ll. ThLS is to provide
a Conraullity Centre for th¢ b¢n¢fit of th¢ inbabit8nts of VaY￿￿T W8Jd and the neigbbourhood.
All properti￿ hawbouse and garag¢ DOW VC5*d with the Clwity Conm]i￿Oll.
Sumn￿ry of maill *ctivities
The ctntre h&$ opuated throughout th¢ year opclli￿g daily and by request at weekends. The
f￿]litieS are resubsly used by 8roups and activity orgallisÈtioiJs.
How ollr actlvltles deliver public benefrt
Our centre provides facilities withtD a wu)mlltiity eetttre for the benefit of local residents. Tb¢ ceThtr¢
provides a focal poitst for ttvdny local wups and org4ni5atio]Js at a v¢ry r¢&sonable cost.
We have complied TrAth the duty in sectiOD 17 of the 2011 Cbatities Act to have due regard to guidance
published by the Con)mission in r&wect of ourdw to provide public benefit
OryanisatioD
The tDJ8tw who are also rnembeTS of the eotnmittee. Ntjo have setved dwing the year are Set out on
page l.
The conllllittee seeks to cnsutt that the tseeds of tbe chaTity and that of the public, tho clJaTity
s¢rves, are appTOPTiAtely reflected through ihe diversity of th¢ tnts*e body. Trath"tional business
skills are reprttsented an￿ng th¢ trustcts, as well as indivi(knis WAth knowI￿ge of the environm¢nt
within which th¢ charity operatrs.
In an attell￿t io eThsure that the needs of tbe cl]arity and the public are meL indi￿dual$ po$s¢&s
the requÉred skilb knd knowledge are from time to tiJn¢ invited to joiDthe board of tnLqtees.
Most trustees are already r￿Ul11￿r witb the WOTk of the charity. Ncw trustees ar¢ tDvit¢d to visit th¢
charitys premises and to meet some of the c¢ntre Lsers to obtAin a better undetstattding of how
the chariiy operate& New tru5te¢5 ar¢ encouraged ￿ nkei and hold discussions with th¢ existing
trustee8.
Page 2

CEFN COED CONIMUNITY CENTRE
orlo
tlte tfllslees
ear ended 31si March 2024
Conl'd
Fin4n£es
In 2024 incom¢ derived frojn rentals and grant5 increased from £45,422 in 2023 ro £50.935 in 20?4 while
expenditure incieased slighily from £53,637 10 £53,814 in ?024. The charity therefore gTeiierated a deficii
trading position of £2,879120?3.. dificit £8,215). Get]eral Reserves decreased from £8.835 in ?023
to £8,375 in ?024.
Running costs hav¢ b¢¢n kept io a minimuin where possible di￿l￿g the year.
Prineipal funding sources
Tlie principal income source continued to be the income generated from hall and room hire which is Ihe main
nciion of the centre.
Reserves
olic
The Maiiagemenl CoTnmittee ha5 exaTnined the charity's requiremerts for reserves in light of the main
risks to the organis2tion It has ¢slablished a policy wl)ereby the ut]Ee5tricted fiiiids not commitied or
inv¢sted in tanoible fIxed assets held by Ihe chaiity should be approximaiely 12 months of ¢xp¢nditure
(excluding Ihe depreciation charge). The target fr¢¢ rcscrv¢5 are therefore approxintstely £51,395.
Frc¢ re%erve% as at 3 1st March 2024 stood at £8,375, which is short ofthis targei. The trustc¢s
intend to address this position. and aim io increase fre¢ r¢s¢rves in future years.
Plans for futllre periods
The centre plans ro continue to provide a high quality and well n￿l￿taIned cornmut]ity centre for the foreseeable
future, subject to satisfactory funding a￿angements.
The centre will contillue to actively seek ways to Fasse centre income. primarily Ihrough increasing income
generated from hire of the centre.
Approved by the board
Phillp Griffiths- Trustee
Dated...03.
103/ws6
Page 3

CEFN COED COTrIMUNITY CENTRE
liide
endeni Examiner5 R
(prl lo ihe Trustees
I report to the charity on my examillation of the accoullts of the Ceffi Coed Community Centre for the year elided
3 1st March 2024.
Responsibilities and basis of report
As the Cliariry's trustees you are iesponsible for the preparation of the accounts in accordance with the requirements
of ihe Charities Act 2011 {-the Act'l.
I report in respect of Tlly examination of ihe chartry's accounts carri¢d out under section 14) ofthe Act and in
carrying out iny examination I have followed all ihe applicable Directions given by the Charity Commission under
seciion 14515llbl of the Act.
Independent ¢xamither'5 Statement
I have complctcd my examination. I confirni that no material matters have come to my attention in connection Thith
the examination giving me cause to believe thai in any material respect.
accounting records were llot kept in respect of the charity as required by seciion 130 of the Act: or
the accounts do not accord with those records
the accoimis do not comply with the applicable requireinent5 concerning the fom] and content of
accounts set oui in ihe Charities (Account% and Reports) Regiilatioiis ?008 other than any requirement
that the accounts give a 'true and tair view. whtch is not a matter considered as part of an independeni
examinaiion.
I Iiave no concerns and have comc across no other matter5 in COI￿eCtiOiTr with the examination io which attention
should be dra￿Tr in this report in order to enable a prop¢r undersialld1￿g of the accounts to be reached.
vle ACA FCCA
oyle Aecountancy Ltmited
Orbit Ejusiness Centre
RhydycaT Business Park
MerthvT Tvdfil
CF48 IDL
Baker
Dated....
0.3
/03/8096
Page 4

CEFN COED COMMUNITY CENTRE
STA TEME,tyT OF FI.VA.VClAL ACTIIqTIES
INCLUDING INCO,WE AND EXPE..%'DITDRE ACCOU
FOR THF YE.4R F,VDFD 31 fyIARCH 2024
L'nrest-
ricted
Totsl
Fundg
2024
Tot
Fwids
2023
rlcted
Fwids
Nott
INCOME AND E￿DowmE￿￿S FROM
Charitable actiTrlties
Community Centre activiti&%- bire ineome
D(￿￿tionS & legacie&
41.125
41.125
9,810
44,922
500
9,810
Tot￿ In¢omlnE resour¢es
(3)
41,125
9,810
50,935
45,422
EXPENDITURE ON
Charitsble aCti￿tleS
Conjmunity Centre actiiities
9,810
53,814
53,637
Totsl resources expended
(2)
9,810
53,814
53,637
Net (outgoingyinwming resourtts
before ttansfrrs
(2.879)
{2,879)
(8.215)
Tranykn between fimds
.977
{1,977)
(902)
11,977)
(2.879)
{8.215)
R¢¢ondllatlon of Funds
Total fvnds brought forward
23,947
65,866
89,813
98,028
Total ftmd8 carried fonvard
23.IH5
63,889
86.934
89,813
The notes part of these fmancial statements.
Page 5

CEFN COED COI¥IMUNITY CEliTRE
BALA￿'CE SHEET
AS A T31,VARCH2024
2024
2023
TAl*GIBLE FIXED ASSETS
78,559
80,978
CURREI%4T ASSETS
Cash ai bank & in hand
Dcbtors and prepayneHIS
1.055
10,463
3,416
10,521
13,937
CREDITORS.. amounts lalling due
wiihin one year
13,1431
15.1021
liET CURRTr.h"T ASSETS
8,375
8,835
TOTAI, ASSF.TS LESS CURREN"[
LLiBILII'ILS
86.934
89,813
1¥4EI" ASSETS
89,813
Unrestricted funds- Gen¢ral
23,045
23,947
Restricted f￿nd5- Grants
63,889
65,866
TOTAL fr-LNDS
86,934
89,813
ApproTred by the Trubtees o
03
/03/aa*
.and signed on its behalfby..
Mr P GritTiths- Trustee
Page 6

CEFN COED COLIIMU.NrrY CENlliE
OTES FORMINGPAR T OF THE FKYAI:CL4L STA TEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNrir4G POLICIES
The principal accolmting poli¢ia are s￿￿M￿ri￿j FKlow. Tbe accountSD8 PDlicies have been
applied consisleTLt]y throughoui the year and in the pre¢ding year.
a) Buis of prq)arlng the firthnciAI statements
The financial statements of the charity, which is a publie I￿nefit entity under FRS102. have been prepared in
a¢trA)rdallce the Charities SOBF (FRS 102)'Acc4)unting and Reporting by Charitit¢s.' Statement of
Recornmended Practice applicable to d]arities prq)aring their accounts in accordance wilh the Finan¢ial
Reporting Standard applicable in the UK alld Republic of Jreland (FRS102Xeffettive l January 2019),
Fin8ncial Reporting Standard IC12 The Financial Stsndard applicable in the UK and Republic of Ireland, and
Ihe Charities Art 2011. The financial statements hai'e bea) prepared undcr the his¥ori¢al cost ¢onTrention.
Financlal reporting 5tsndard 102- reduced dlsclfjsure exejnptions
The charity has taken adv&nthge of the following disclosure exemption in preparaing ih
fin&n¢ial Statements. as perniittfAI by FRS102' The Financial Reporting StandArd applicable in
the UK and Republic of Ir¢land':
the requirements of Se¢tiim 7 Sratemfflt of Cash Flows.
Legttl form
Ceth Coed Conununity Centre 19 all iinincorp0rat￿l rcgtster￿ in Engl8nd & Wales.
b) Fund 4c¢oMutillg
Unrestricted fund8 2r¢ aTr?ilable for use at the discretion ofthe trltstees in fiwther&n¢¢ of the genera]
obj¢ctiv¢y of the charit)..
Re3triCted funds are subjected to restrictl￿S ￿ their ¢xpenditurE imposed by the donor or through
the ternis of an appeal
e) IncoTnln2 res0￿rceS
ALL incoming Tesources are included iu the ltatemellt of fiJLallcial activitie8 wbeu the charity is entitled to the
illC4)me fdnd the amount (xn be quantifi￿1 with reasonable accura￿. The followng specifi¢ policies are applied
to particular categories of incom
H￿1 hire and other intemally generated In￿Me ar¢ r￿1ged in ihe aCcO￿ts on on aeeruAls b￿18, as tnd
when the charity h&8 provi(led the seTri£e eolitling it to the consideration.
lrtcmiittg resources from grnnts, where related to perf￿rnanCe and specific deliverables, we Lccountrd ttir As
Ihe charity earns th¢ right to C￿s￿deratiOn by its ￿rOManCe.
Grants where ¢ntitlement is ¢ondiiional Im the delivery of a sp￿lfi¢ perfortnance by the charity are
recoguised when the clwity becomag ullconditionally enritled ¢0 the grant.
Grants for the purchase of fixed assets are recogniwj in fiill as restricted ￿ll[L¥ when receivable. Transfers ar¢
made to unre6triCted fi￿dS (Generdl fi￿d) in line with th¢ depreciation policy on thc undcrljing asset.
Gifls in kind are included in the income and exp&)dintre account where th¢y are applied in carry￿￿8 out
charitable actiwties. where the charity woulil otherwise haye to purchase the donat￿ facility and the benefit is
ik)tb qualltifioble and material. The quantifiable E¢nefit Is &4 tM)th incoming and expended r48ourc£8
within the appropriLte SJn(Ls. Where the gift is an wei it is treat￿1 &s inclxne And taken to stock or fixed a&sets
as Appropriate.
d) Resources expended
Expenditure 15 recognised on an acc￿￿1 basis Hs * liabdityis incurrryL Expenditure includes VAT which
cannot E¢ recovered, and is rqy)rtd as part of the eXp￿ditUre to which it relates.
Page 7

CEFTrI COED COTrIMUiIITY CENfRE
NOTES FORMING PAR T OF T1￿ FINA,VCIAL STA TE.ME.VTS
FOR THE YEAR ENDED 31 NIARCH 21124
e) P¢nslon costs
Contributions are made kn the employees ￿ paslmai pell$tott schemes. The pension cost charge represents
those contri1￿110n5 Pg4yable to th¢ individll￿ g¢heDLes.
fj Flxed assets
Fi¥ed &g8ets are stated at eost accwnulated dep￿lation. Depreciation is provided at raies ¢al¢ulpdted
to write off the cast of each ￿Se1 over ils eX￿￿l wsefui life.
Property
Computer equipment
Other quipmenl
50 years siraigbt line
4 >rars r￿uCing ￿￿18Th¢c & 33.3•A straighi line
5 yrnTS straight line and 25Y.
reducing balance
Debtors creditors recelvablelpayAble within one ye*r
Debtors and creditors with ststed inter¢st rnte and recei%able or pa￿ble within one year are recorded at
transaction pri(x.
h) Going co￿£trn
The charity has incurred ￿r[her losses during th¢ )t&r, and gince the >rar eDIL ha5 sufferrfd fi]rthtt frlmn
the loss of a regular source of rtlltal income.
I'h¢ trustees are cOntinuo￿lY seeking to identify additional in(x)me source9 knth generated incomo and
gr&nt funding.
The fvture of the clwiry is reliant upoll thes¢ additional sources of income being identififd and receival.
The I￿￿te¢S have a reasonable expectation that wfficient incor..e will be gen¥&ted and allow the ¢harity to
continue fDr at least the next 12 months and ¢onsequeftsly these financial statements have been prepared on
a going Concern basis.
TOTAL RESOURCES EXPENDED
Ullrestrietsd Restricted
funds
2024
Totsi
2023
c4)n￿lu￿1ty Centre Activities:
Staff C￿ls..
W&ges and national insuran
Emplo>rr pension
25.836
401
26.237
25,836
401
26237
26,762
462
27,224
Premises costs..
Light and heat
Insurances
Repairs and renewals
Telephone & internet charge5
Water rates
sl￿(trY
Cleaning and con8umabl£8
8.991
1,512
224
9.810
18,801
,512
224
1,222
3?3
14,244
1,424
3,665
629
198
612
1,047
323
13,426
9,810
23,236
21,819
Qoyernance c08ts:
Postage & statiollery
Ac¢ountsncy
656
1,266
1,922
656
732
1,443
2,175
1.922
Depreciation:
Property
2,419
2.419
2,419
2,419
2,419
9,810
53,814
53,637
Page 8

CEFN COED COMMUNITY cLYfRE
NOTES FOR,VING PAR T OF THE FIVA.I'CIAL STA TEhlEIVTS
FOJi THE YEAR EThDED 31 ,VARCH 21123
TOTAL INCOMING RESOURCES
2024
2023
41,125
9,810
44,922
500
D(Kations & L£gaeies
50,935
45,422
Jneludal in donations & lega¢ieJ is £Nil (2023: £500) of unrestric￿1 grant income and £9.810 (2023.. £Nii)
of restricted grant income.
4. NET INCOMEI{EXPENDITURE) FOR THE YEAR
2024
21123
This is stat&1 afier chargin¥.
Trustee cmolumfflts
Accountancy fees. Independent examination
Other servicag
650
616
2,419
870
573
2,419
Depreeiati(m
There were no trust¢es' expeuses paid ￿ the year fflded 31 MArth 2024 nor for the ye4r
ended 31 MArch 2023.
5. STAFF COSTS AND NUMBERS
Staff costs were &s follows:
2024
2023
Salaries
Emplo)rr Pfflsiort ¢ontnlbutir*)s
25,836
401
26,762
462
26.237
27,224
No employee r￿e1ved anolurnents of mor¢ than £60,(MM)
The average numEtr of ¢mplo)ee4 estimated on a full - time eqUiV￿ent Iiasis, analys￿1 by function
was as follows..
2024
Number
2023
Number
Costs in ￿rthrnce of charitable obj￿tiVeS..
The key management personnel of the Charity are the tr￿tea9. The toLal employee ben¢fits of
the key Fcrsonnel of the charity were £Nil (2023:£Nil)
TAXATIor4
The charitable is exempt from tax on its charitable activities.
DEBTORS
21124
2023
Other debtors and prepa￿￿eThts
10,463
10,521
Page 9

CKFN COED COMMUNITY CENfRE
NOTES FORMING PAR T OF THE FINANCIAL STA TEMENTS
FOR THE IEIR KVDED 31 JIARCH 2024
TAPIGIBLE FIXED ASSETS
cOmp￿ter
Lift eqDlpmtnt
hold
property
Eqvip-
ent
Total
Cost:
At 1.4.23
49,088
120.969
94.382
272.439
At 31.3.24
49.088
120,969
94,382
272,439
Depreciatioii:
At 1.4.23
Charge for year
49.088
39,991
2,419
94J82
191,461
2,419
Ai 31.3.24
49,088
42,410
94,382
193,880
Net Fmk values:
At 31.3.23
80,978
80,978
At31.3.24
78,559
78,559
9. CREDITORS: amounts falllllg dlle wlthin one ye
21124
2023
Other creditors and accrua]s
Tfjxatim and social swity
2,840
303
4,674
428
3,143
5,102
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unres1-
r￿ted
Rest-
ricted
21124
Totsl
2023
Total
Tangible fixed assets
Current a$$ets
Curretyt liabilities
14,670
11,518
(3,143)
63,889
78,559
11,518
(3,143)
80,978
13,937
(5,102)
23.045
63,889
86,934
89,813
Page 10

c￿FN COED COMMUThITY CENTRK
NOTES tr'ORMING PAR T OF TUE FINIWCL4L STA TE.AIENTS
FOR THE YEAR EIIDED 31 MARCH 2024
II. MOVEMENTS LN FUNDS
At
Incoming Oirt8olt)g
31.3a3 re8ovryei resources
Trans-
fer5
At
31.3.24
Restricied fimits:
Restricted Capitsl Fund
National Lottery Community Futtd
65.866
(1,977)
63,889
9,810
(9,810)
Total Testricted fvnds
65,866
9,810
(9.810)
(1,977)
63,889
Unrestricted fi￿d.
Gell￿&1 fimd
Design&t¢d funds
8.835
15,112
41.125
{44,(NM)
2.419
{442)
8,375
14,670
23,947
41,125
(44,004)
1.977
23,045
Total fvnds
89,813
50,935
(53,814)
86,934
Designated f￿d8 Tepre8ent amounts set &qide to write down fixed L8sets.
Actlvitles UDdertaken wlth e*eh major fund
Restricted Capitsi Fwid
Funds received for the puryX￿S of the purclwe of equipment or for Signifi￿nt rq)airs to the CentrG
12. COPITROL
The clwity is controlled by its trustees. &s idenufied on page l.
13. PENSION COMMITMEliTS
During the year the charity was commit￿1 to pay £401 (2023: £462} to the emplo)Ees pthsion schemes.
At the )Ear end £140 (2023: £164) ￿)ntributions wue unpai(L
I4. GOING CONCERTri
PleAse refr to Going Conc¢TU in the accounting pili¢ies.
15. RELATED PARTIES
There were no rclLted party transactions for the 31st Mjreh 2024.
Page 11

CEFN COED COMMUNITY cENfRE
NOTFS FOR.VITrG PAR T OF THE FINANCIAL STA TEMENTS
FOR THE YEAR EIVDED 31 hL4RCH2O24
16.
COMPARATIVE STATEMENT OF FIIYAI¥CIAL ACTivrrIEs
Unrest.
ricted
Funds
Total
Funds
2023
Total
Funds
2022
ricttd
N•te
INCOME Af*T Ef4DOIVMENTS FROM
Chtritable aetlvttles
Comtnuruty Centre activities- bir¢ itwm¢
Donations & l¢ga¢i¢s
Oth¢r ill¢on
44.922
500
44922
500
19,438
22,485
Total incoming resources
45,4?2
45,422
41,923
ExpKhi)rrLIiE ON
Charitable actlTrlti
Com￿ulli￿ Centre activiti
51,659
1,978
53,637
56,084
Total resourees expended
(21
51.659
1.978
53,637
56,084
N¢t (outgoitig}lillcorning Te50ur¢¢s
before transf¢T8
(6237)
{1.978)
(8.215)
(14,161)
Trgnsf¢rs between funds
{6,237)
(1,978)
(8,215)
(14,1611
Reeoncllfiati&D ofFunds
Total fill￿S brougbt fotvlard
30,184
67,844
98.028
112,189
Total fund8 carried forward
23.947
65,866
89,813
98.028
The notss fotrn part of these financial Staten￿￿ts.
Page 12