Cefn Coed Community Centre Report and Financial Statements Year ended 31st March 2025 Cha17ty Number 523664
CEFP4 COED COMMiJNITY cNlE oNt¢nls P*ge L¢gal oud Adll)inistrative JnEorn]ation Report of the Trustee8 R¢wrt of the Illdepelldent Examiner Staternent of FiDancial Activities Balanc¢ Sh¢et Not¢s to the Financial St&ten]ents 7-12
CEFY COED COMMUTr4rrY cKrffliK al and administr4live in ormallon Registed Charity Iythmber 523664 Trustees Mr Philip Glyffiths (Secretary) Mr D Willis (resigned 15.0525) Mr R Davies Mrs A Willrins (Treasurer) Mrs S Towning (resiglled I lth Awil 2024) Mrs J Wilkins {resigned 15.05.25) Mr M J Vaugban (appointed 15.05.25) Mr K R Thomas {app)int¢d 15.05.25) Mr J Evans {appointe4115.Oi.25) Mrs C Lg (appointed 1S.05.25) Mr P Lewi$ (appoint¢d 19.06.25) Principal Cetii Coed Community Cejktre, Ceth Coed, menh TydfiL CF48 2NA. Independent ExamineT R I KMoyl¢ ACA FCCA Baker Klloyle A¢cowttancy Ltd.. Chan¢r¢d AccoulltaThtss, Orbit Busin¢ss Centre, Rhydycar BusilleAs Park, Merthyr Tydfil, CF48 IDL Page I
CEFN COID COMLWUNrrY CENTRE the trHstees ar ended 31st_Varch 2025 The trustees present Ih¢ir r¢port And a¢¢outtts of the clmtity for the year ended 315t March 20?J. Th¢ financial statements have been prepared in accordan¢e with the &ccountJng policies set out on pag¢ 7 and comply with the cbariws trt deed attd applicable law. The trustees have adopted the provisiojLg of Accounting atsd Reporting by Charities.. Ststemeni of Rewmtnended Pr&dite applicable to charities preparing their accowits in accordance with the Financial RqK)rting Stsndard applicabl¢ ID th¢ UK and Republic of Tr¢lattd (FRS 1021 (Effefflive l January 2019). Cons¢Ltution and objects The Chwity ts govemed by the revised constithtion of Febnwy2006 and prOat& facilitses withill a comtnvtllty centre for tbe beuefit of the iDb2bitants of Vaynor ward atjd the oeighbourhood. The cbarity has contillued to d¢v¢lop its aCtitieS in accordance witb its constitution. Tbis is to provide a Cot]mwnity C¢tttre for the bEnefit of the inlthitants of VayDor ward and the neigbbourhood. All properties. haltlhous¢ and garage are nowvested the Charity ComrnissioL Sunmwy of mgin attivities The centre hkLS operated thTougbout dL¢ opening dail}. and by request at w¢ck¢nds. The rllitieS are regutarly used by groups aud a¢tivity orgaLisatioDs. How our a¢tivities d¢llY¢r pwblle benefrt Our eentre provides facilities witbiti a eon]munityceThtr¢ for the ben¢fit of loc&1 residents. The cenlre prOdeS a fo¢ point for many local groups and orgaDisations at 2 very reasonable ¢osL We have complied with the thity in section 17 ofthe 2011 Charities Act to have thie T¢gard to guidance publi8hed by thE Comtnission in reoert of our dutyto provide public b¢nefiL Org4nisatio The tnte¢s, who are also tnembeLs of the con]mittee. vtho have wved during the year are set out on pag¢ I, Th¢ committee seeks to ensure that tbe need5 of the charity and that of th¢ pub]ic. whom the charity seryes, are appropriately reflected through the diveLEity ofthe trustee body. Traditional business 3kills are Tepresfflited anhODg tbe tsustees. as well &s indivi(knals with kn(Fwl¢dge of the environment rythin which the Cbarity operates. In an attempt to ¢rysure that the needs of the charity and the public are rnei ittdividllals who possess the r¢qllired skills and knowledge from titne to time itivited to join the IM)ard of rruste¢S. m0sttruslS aTe a]ready familiar with thc work of the charity. New trllstees invited to visit th¢ ¢harity'g prernises and to mext 80me of the eentre users to obtain a better understanding (Trf how the charity operatcs. New trustees are encournoed w rne¢t atMI hold dis¢ussioDs witb the existing In]st¢¢$. Page 2
CEFN COED colmuNITy CELNTRE orlo the truslees ear ended 31st ivarch 2025 Cont'd Finances In 2025 income derived froin rentals and grants increased from £50,935 in 2024 to £68.715 in 2025 lIe expenditure increased from £5.3,814 10 £69,798 in 2025. The chaTlty therefoie ¥eneiated a small deficit trading position of £1.083 12024.. deficit £2,879). Geiieral R¢s¢rves increased slightly from £8,375 in 2024 10 £9.712 in 2025. Running ¢osts havo b¢¢n kept to a minimum ere possible during the year. Prineipal funding sourees The principal incLime source ¢oniinued lo be the income generated from hall and room hire which is the main nction of the cenire. There was also income from IMTCBC UK SPF ill the year. Re5¢f+'es oli¢ The Management Committee has examined the chaiily's requirements for reserves in light of tlie main risks io the organisaiion. It has established a policy whereby ihe unrestricted tunds not commilled or invested it] tangible fixed assets held by the charity should be approximately 12 Inonths of ¢xp¢nditure (excluding the depreciation charge). The target free reserves are Iherefore approximaiely £67,379. Free reserves a5 at 31 st March 2025 stood at £9,712. which 15 well short of this targ¢t. The trust¢¢s intend 10 address this position. and aim to increase free reserves in future years. Plans for future period5 The centre plans lo contune to provide a high quality and well maintained community centre foF ihe foreseeable fumre, subject to satisfactory futjding arrangements. The centre will continue to actively Seek ways to raise centre income, primarily through increasing income generated from hire of the cenire. Approved by the boaid Phillp Griffiths- Trustee Dated.. 0.3. . /,.180s6 Page 3
CEFN COED COLIIMUNITY CELNTRE Inde eAdeni ExamiNers Re ort to the Trustees L report to the charity on my examination of the account5 of the Cefn Coed Community Centre for the year ¢ndcd 31 st March 2025. Responsibilities and basis of report As the chariry's trustees you are responsible for the preparation of ihe accounts in accordance with the requirements ot-the Chariiies Act 2011 I'ihe Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of Ihe Act and in carrying out my examination I have followed all th¢ applicable Direciions given by ihe Charity Cotnmission under section 14i15llb} of the Act. Independent examiner's Statement I have compleied my examination. I confirm that no material matters have come io my atntIOn in connection wth the examination giving Tne cause to believ¢ that in any material respect". accounting records were not kept in respect of the charity as required by section 130 of the Act., or the accounts do not accoid with those records th¢ accounts do not comply with the applicable reqllirement% concerning the fom) and content of accounts set out in the Charities IAccounts and R¢portsl Regulations 2n08 other than any requireTnent that the accounts give a 'true alld fair view, which is not a maiter considered as part of an it]dependeni examination. I have no concerns and have come across no other tnatters li) connection witli the examination to which att¢niion sho[ e drawi in this report in order lo enable a pioper understanding of th¢ accounts to be reached. R I Kttoyle CA FCCA Baker Knoy Accountancy Llmited Orbit klusiness Cenire Rhydycar Busincss Park Merihyr Tydfil CF48 IDL ,/ /ao96 Page 4
CEFY COED CO.IJMUPilTY CENlliE STA TE.VE.WT OF FI,vvcL4L AC7TVITIES JIVCLDDIIVG INCO..IIE A.VD £XPE,VDITLREACCO FOR THE YE4R ENDED 31 MARCH 2025 L'llrest- Rest- ri¢tsd Totsl Fwid8 2025 Tothl Flld$ 2024 Notr INCOME AND EI%DOWMENTS FROM Ch8rit*ble activitie$ ComDLUt)ity Certtre activiues- hire income Donations & legacies Other illcome 29.405 29,405 39.310 41,125 9,810 39JlO TotAI InefADlne reiourees (3) 29.405 39JlO 68,715 50,935 LYPENDITURE ON Cbarltable aetivitles C¢)mmunity Centre acti1¢8 28,510 4l288 69.798 53,814 Totsl rewirc¢s e4)ended (2) 28,510 41,288 69,798 53,814 Net (outgoing)lincoming resrRtrC before transfers 895 (1.978) (1,083) (2.879) Transfers between funds 895 (1.978) (1.083) (2,879) Reconclliation of Fund5 Total iought forward 23.045 63,889 86,934 89,813 Tordl ndS carr[1 forward 23,940 61,911 86,934 The notes forni part of these fillancial statemffl Page 5
CEFN COED COl¥IMu,lTy CENTR BALA"CE SHEET ASA T31 MARCH2024 2025 2024 Note I'ANGIBLE FIXED ASSETS 76,140 78,559 CURREIST ASSETS Cash ai bank & in hand Debtors and Prepalent$ 9,585 6.614 1,055 10,463 16,199 CREDITORS.. amounts fallin¥ due ithin one year 16.4881 13,1431 NET CURRF.NT ASSF.TS 9,711 8,375 TOTAL ASSETS LESS CURREIYT LIABILITIES 85,851 86.934 NET ASSETS 85,851 86,934 Ullre5tricted funds- CeD¢ral 23,94Q 23,045 Restricted fuDds- Grants 61,911 63,889 TOTAL 85,851 86,934 Approved by the Trustees on . and signed on its behalf by: Mr P GritTiths- Trustee
CEFN COED COMMUNITY CENfRE OTES FOILVINGPART OF THE FLI'thCIAL STA TE,VENTS POR THE YE4R EIVDED 51 hlARCH 2c125 ACCOUTrITIPiG POLICIES The priucipal accouttting po]icies are summ{ lOw. The accounting policies have 8ppliaA consistently throughout the year thnd itt the prei]ng )tar. a) Basts of preparing the fiDancial statew¢nts The financial sr&tem¢nts of the charity, which is a public IMefit entiry under FRS102, have been prepared in 8word&n¢e with the Chariti&s SORP {FRS 102)'Accounting aud Reporting by Charitites.. Statent of Recommendryl Practice applicable to chkrities prq)aring their accounts in aOrdanCe wittL the Financial Reportin. Standard applicable in the UK and Republic of Ireland {FRSI(llXeffeetive l JallU8Sy 2019), Financial lie[tI Standard 102 Yhc Financial Standard applic&ble in the UK and Republic of Ireland, and the Ch8riÉies Act 2011. The financial statements have prepared under the historical Cost conventi(n. Flnandal rertill% 5tsndaTd 1Tr2- redu¢ed dI105e eA¢Juptions The charity hos iaken advantage of the following disclosure exempiion in preparaing th financial statements, As perniitted by FRS102' The Financial Rep(Yting Standard applieAble in the UK &Dd Republic of Ireland,: the rwirernents of Section 7 ststeml of Cash Flows. Legal form Ccth Coed Community Centre is an unIn¢00rat thwrity. registtrd in England & Wales. b) Fund accountlng Unrestricted ndS are available fi)r we u ihe diseretion of the trllSte in fiherance of the g¢n¢ral objectives of the ¢lwity. Rcstrieted fiin(Lg are subjected to rffltrictions on their expendiwre imped by the dor or through Ihe temis of an appeal c) IncoJNing r¢sourees Ail incoming re80urces aTe included in the staknt of financial actiiitic6 the charity is entitled to the income and the Amount can be quantified with reasonable accuracy. The following specific policies ar¢ applied to PArticulaT categories of in¢ome'. Hall hire and other iniernally gellated income are recogllised in the on all accru8 bAsis, as alld when the ¢harily has provided the service entitling it u) the consideration. In¢wiints rebources from grants. where relaifd to perf0rrnan and Slfie deliverable& are aUted for as the charity earns the right to ctxjsideration by its perf0Mnce. Grants where entitlement is not conditional the delivery of a specific perforniance by the Charity are TOgnised wkn¢ll the charity bec4)mes uncondiiionall}' elltitl to the grant. GrtS for the purchase of fixed assety are rw'sed in 11 as restrict funds when receivable. Trattgferg are made to unrestricted ndS (General nd) in line with the depreciation policy on the underl}Trng asget. Gifts in kind are included in the ineome and expenditure account where they are applied in Carwng out charitable a¢tiviti¢g, whae the charity would otherwise have to purchase the donated facility and the benefii is both quantifiable and material. The quJntifjAble kDefit 1$ &$ knth inconing and expeThd¢d resources ithin the appropriate fid$. WILere the gift is an Asset it is treated as income And taken to stiKk or fix asset$ as appropriate. d) Resourr¢$ expended E)Lpenditure is recogni51 i)n an a¢mwl E&8iS L8 a liability is incurred. Expenditure include$ VAT which cannot be recovere and ts rqM)rted as part of the expaiditure to which it r¢la¢£s. Page 7
CEFN COED COMMUNITY CENTRE NOTES FORIVJ.,TrG PAR T OF THE FINA,S'ClAL STA TEhfENTS FOR THE YEAR ENDED 31 JIARCH 2c125 e) Pen5iots eosts Ci)ntribution5 are made Éo the employe own personal pa]sion s¢heme5. The pensitm cost charge r¢pr¢sents those eontributions payable to the individu41 schemes. Flxed Sets Fixed assets are sta1 at CQSt les$ A¢cunLulated deprttiatiOD. Deprlation is provided at rates calculated to WTite off th¢ ¢o$t of e&¢h ass& ovtt its exwtpA usefid life. Property Cornput¢r equipm1 Other eqUipMt 50 ye4rs straight line 4 >rars rthcing iBlance & 33.3QA Straight line 5 Ifars straight line and 250/ Teducin8 balance Debtors and creditors receivablelpay4ble Withi one year Debtors creditors with Stated iDterest rate and receivable or pa>BbKe within one ye4r Lre recorded at h) Going Concern The charity has in¢urrol I¢8 during the year, bui the Extent of the loqs has TalUj from the preious year. The trustees ar¢ c4mlinuously seeking to identify addition&1 inciRne Sources both generated income and grant funding. The fiLture of the eharity is Teliant upon th4se additiottal Sour of income bEing identified and received. The trustees have a reasi)nable expcctation that sUfficit InClle will generaied and allow the charity to continue for at least the rt¢xt 12 months and consequslY these financial staternents have en prepared on & going concern basis. TOTAL RESOiJRCES EXPENDED UnT¢5trirted Restrleted Cumds fTmds 2025 Totgl 2024 Total Ctsmjllunfity CeJLtre Activities: Staff Costs: Wagcs and national insurance Emplosw pension 21,999 242 22,241 21,999 242 22.241 25.836 26,237 Premises costs: Light and heat Insiir&n¢es Repairs and r¢newa]s Telephone & intrrnet charges Water rates Sulldry Cleaning and cimsumabl&s 122 1,533 11,622 11,744 1,533 27,688 656 177 18,801 1,512 224 1,222 323 90 1,064 27.688 656 177 1,161 1,161 3.649 39.310 42,959 23,236 GovertLance costs: Postage & ststionay Aecoulltancy 535 535 656 1,266 1,922 1179 2,179 DeprlatiOn. Property 441 1.978 1,978 2,419 2.419 2,419 441 2,419 28,510 41,288 69,798 53,814 Page 8
CEFN COED cOLmUNITy CENTRE NOTE,S FORM1"G PAR T OF THE FJNATh"CL4L STA TE,IIEIVTS FOR THE YEAR EIVDED 31 NIARCH 2025 3. TiyfAL INCO.IIING IiESOURCES 2025 2024 Hall Hire Donati(ms & Lega¢ies 29.405 39,310 41,125 9,810 68,715 50,935 Included in donations & legaci¢5 is £Nil (2024: £Nil) of unrestricted grant income. 4. NET ThCOMEI(EXPENDITLRE) FOR THE YEAR 2025 2024 This is stated afier eh2rging: Trustee emoluments Accountancy fe4s- Independent exAmination Other SViceS 650 616 2,419 Depre¢iati(Ki 2.419 There were no trustees, extn$t8 paid for the year end1 31 March 2025 nor for the year end 31 March 2024. STAFF cosrs AND NUMBERS Stsff wsts were as follows: 2025 2024 Salaries Employer Pension contriblliioThs 21,999 242 25,836 401 21241 26,237 No anployee reeei¥ed emolumenls of more th8n £60,iJMJ The average number of emplo. &rtimated on a 11- time quiv&la]t basi5, an&liBd by nctiOn was as fDIIows'. 2025 "umher 2024 NutNber Costs in fitherallce of charitsble objectiv The key managem¢nt personnel of the charity are the trustees. The total ¢inployee knefits of the key personnel of the ¢ltY were £Nil (2024..£Nil) TAXATION The ehagitable is exempt fr(Kn tax on its charitable activities. DEBTORS 2025 2024 Other debtors and prepaymfflts 6,614 10,463 Page 9
CEFN COED COMMUNrrY CKNTRE NOTES FORMING PAR T OF THE FINANCKAL STA TEME2VTS FOR THE IE411 £DED 31 JSL4RCH 21125 & TANC]BLE FJXED ASSETS Computrr equipment FLold property Equlp- ment Totsl At 1.4.24 8,0(Ml 49.088 120,969 94,382 272,439 At 31.3.25 49,088 120,969 94,382 272,439 DeprLatiOn. At 1.4.24 Charge for year 49.088 42.410 2,419 94,382 193,880 2,419 At 31.3.25 8,000 49,088 44,829 94,382 196,299 Net bk value5: At 31.3.24 78,559 78.559 At 31.3.25 76,140 76,140 9. CREDITORS: amounts falling due within yur 2025 2024 Other creditors and accruals Taxatim and social secwity Defozed Income (MTCBC Warjll HUB) 3.663 2,840 303 1820 6,488 3,143 10. ANALYSIS OF NIT ASSETS BETWEEN Fuf4DS Unrest- Rest- ctsd 2025 Tot 2024 Totsl Tangible fixed assets Current assets Current liabiliti¢S 14.229 13,379 (3.668} 61,911 2,820 {2.8201 76,140 16,199 (6,488) 78,559 11,518 (3,143) 23.940 61,911 85,851 86.934 Page 10
CETh COED COMMUNITY CENTRE NOTES FOKV12VGPAR T OF THE FTh'ANCL4L STA TEME.vrs FOR THE YEAR ENDED 31 MARCH 2025 11. MOVEMENfs IN FUNDS At JiJ.24 Ineonthg Outgoing resourtts Tesourees TrAns- fers At 31.3.25 Restricted fLmd8.' Restricted Capit41 Fund Re¥trictrd UK SPF Fut 63,889 (1,978) {39,310) 61,911 39.310 Total restricted funds 63,889 39JlO {41.288) 61,911 Unrestricted fid. General fund D¢gignated 8J75 14.670 29,405 (28510} 442 (442) 9,712 14,228 23.(H5 29.405 (28,510) 23.940 Total thnd8 86.934 68,715 {69,798) 85,851 Designatd funds repr¢5ent amounts set Lside to wrire down fix w&s. Actiilties undert4k¢u wlth each major fund Restrlcted Capltal Fwid Funda received for the purpl of the Purch of equipmeni or for significant repairs to the Cenlre. Restricted UK SPF Fund Funds receivcd for Tedeeorntion. repairs and m(KLernisation of lighting in the centr 12. CO.YTROL The eharity ig controlled by its tr• As identified on page l. 13. PENSION COIILllllTLETrTS During the )¢8r the charity was c4)rnmited to pay £242 (2024.. £401} to the employees pension schemes. At the year end £3 {21r24.. £140) contributiffls were unpaid. 14. GOING CONCERN Please refer to Going Concern in the accounting policies. 15. RELATED PARTIES Thffe were no reled party transactiim8 for the year ¢nded 3 1st MArch 2025. Page 11
CEFTrI COED COMMUNITY CENTRE NOTES FOR,VlIVG PAR T OF THE FL%'AWCL4L STA TE.VEIVTS FOR THE YEAR ENDED 31 MARCH2025 16. COMPARATIVE STATEMENT OF FINANCIAL AcfiviTtES Unre$t- rlcted UDds Tot41 Funds 2024 Total Fund$ 2023 Note Fun INcOLE AND EI%I)OWMENTS FROM Cb4ritsble act&vltles CorLryiuoity Cetttre activities. bire income Donations & legacies Other in¢oTne 41.125 41,125 9,810 44.922 500 9.810 Total Incoming resources 131 41,125 9,810 50,935 45,422 EXPENDITURE ON Ch4ritable #etltrltl Community Centre activities 9,810 53.814 53,637 Total resDurc¢s expeuded (21 9,810 53.814 53,637 Nel {outgoiDg}lincoming resowces before trdnsfers (2,879) (2,879) (8,215) Tran8feTS b¢twe¢n fvnds I,977 (1,977) (902} (1,977) (2,879) {8,215) Reconeiliatlon of Funds Totrl fiwds brought forward 23,947 65.866 89,813 98,028 Totsl fill$ ¢arried forwaTd 23,045 63,889 86,934 89,813 The notes forn part of th¢4¢ fncial statements. Page 12