Charity registration number 1006933 Company registration number 02616241 (England and Wales) LLANTARNAM GRANGE ARTS CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 MITCHELL ASSOCIA TES CHAR TERED ACCOUNTANTS
LLANTARNAM GRANGE ARTS CENTRE CONTENTS Page Trustees report Statement of Trustees responsibilities 13 Independent examiner's report 14 Statement of financial activities 15 Balance sheet 16 Notes to the financial Statements 17-28
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are pleased to present their annual directors, report together with the financial statements of the charity for the year ending 31 March 2025. which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011 the Companies Act 2006, the Articles of Association and 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 IFRS 1021 (effective 1 January 20151. Chairfs Report In a year where Llantarnam Grange Arts Centre gave a huge Croseo to over 34,000 visitors - not only at the centre but also in our communities, through our partnerships and at Craft Festival Wales it is a huge a pleasure to introduce this report, on behalf of the Board of Trustees, by celebrating the achievements of our staff, volunteers. facilitators and partners. There have been many highlights, but one thing that ha5 Stood out is Louise. and her team's continued dedication to strengthening our role as a valued asset for our communities. To achieve this, we need to be a conslstent and reliable resource. which is no small task in a climate of increasing funding pressures. The team have worked tirelessly across the year to secure funding and make earned income. so that our communities can stay at the heart ofwhat we do. We are immensely proud that our Living with Dementia programme is now more than 16 years old. It must not be underestimated how impactful it is for people affected by dementia to have a longstanding regular and safe artistic space. The programme as part of 'Be Kind to you Mind,, alongside Create with Confidence. Mindful Making and Craft Clwb, is building resilience. creating connection through creativity and supporting wellbeing and mental health for communities across Southeast Wales. It has also been exciting to see the work of Llantarnam Grange embedded directly into our communities. The weeklong pop-up exhibition in Cwmbran Shopping Centre as part of 'Cwmbran 75, gave us the opportunity to platform 97 works of art by 58 different Welsh Artists to a whole new audience. The Billboard Gallery continue5 to democratise art with its very public presence in the town centre. showcasing Ffion Williams. Cymraeg Ddrwg. which had a dual impact also celebrating the Welsh Language. Our exhibition programme has continued to champion community voices. nurture new emerging artistic talent and celebrate much loved established Welsh artists and maker5. The variety across the year has included our Youth Advisory Panel's 'Practice in Place, which they planned, designed and curated independently. Toni De Jesus, 'Caciilo' which renewed our touring partnerships with Ruthin Craft Centre and the phenomenal Sahar Saki's 'Persian Tour, installation. With social justice a key part of this worc it has been wonderful to see steps taken to improve the accessibility of our building. A new disabled parking bay, updated accessible toilet and better lighting support our ambitions for equity of access for all our audiences. We have also seen changes Eo lessen our environmental impact. notably the installation of solar panels. All this work would not be possible without the ongoing hard work of the whole Llantarnam Grange team. Under Louise's leadership the staff, volunteers and facilitators embody our values every single day, ensuring a person- centreed approach to delivering our Business Plan. I wish to expres5 my heartfelt thanks to them for their unwavering commitment and love for the work they do. l also wsh to thank my fellow Trustees for their strategic oversight and due diligence in providing good governance.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Our achievements are made possible by the valuable support of our funders, and we'd like to take this opportunity to express our gratitude. We are grateful for the annual funding and support we have received from Arts Council of Wales, Torfaen County Borough Council, Cwmbran Community Council, Croesyceilig & Llanyrafon Community Council. Pontypool Community Council, Henllys Community Council and Blaenavon Community Council. We are also grateful for the project funding we have received across the year from the Arts Council of Wales. Garfield Weston, Torfaen County Borough Council, Ashley Family Foundation. National Lottery Community Fund, Literature Wales. the Gwendoline and Margaret Davies Charity and the B&Q Community Days fund. We would also like to thank everyone who supports us through our Friends scheme. Steph Burge, Chair OurP ose and Actlvities Llantarnam Grange is Cwmbran's centre for Art and Craft and we play a vital role for communities across South East Wales, bringing people together, supporting artist5, improving health and well-being and encouraging creativity for all. Llantarnam Grange is a friendly space where everyone is welcome to feel inspired. included. appreciated and respected. We host free contemporary art and craft exhibitions. and our Billboard Gallery brings art outside the gallery walls, removing barriers. Our Learning Programme makes space to build confidence, improve well-being and provide an outlet for self-expression for young people, families, older people, art students, community groups, emerging and established artists. We engage with audiences of 36,000 to 40.000 per year at the centre and in other venues, reinforcing our position as a valued resource locally, regionally and nationally. Our website is a Digital Venue providing resource5, information for visitors and engaging those audiences who cannot visit our buildin8. Our audiences are central to everything we do, and we are committed to creating programmes that reflect the needs of both existing and new audiences. We value lived experience and recognise that many of our communities, face barriers to engagement. We work with these artists and audier)ces. as well as the organisations that support them. to better understand their needs and the multiple intersectional issues which affect them, leading to co-created programmes and anti-racist and anti-ableist actions across the organisation. Our Values are integral to our work, and we are passiona(e about improving cultural democracy, social justice and fairness. Our Vision, Mission, Aims and Objectives and strategic plans clearly set out how we will take positive actions that aim to better represent artists and audiences, support climate justice and engage Welsh speaking communities. The principles of the Well-being of Future Generations Act are central to our work,. it informs how we make better decisions together, for everyone's future. Llantarnam Grange is a place that is loved by and used by our local and artistic communities. located in a 19th- century manor house in the centre of Cwmbran. housing galleries. community and learning spaces, craft Shop and café. It has been a part of the creative life of Cwmbran for almost 60 years, and we have ambitious plans to build on this legacy by developing an improved flexible venue. that will better suit the needs of all our communities. We want to secure our place in the heart of the town, and within the arts in Wales. Llantarnam Grange Arts Centre is an incorporated charity and governed by a Voluntary 8oard of Trustees. We are an Arts Council of Wales Multi Year Funded Organisation. We also receive annual funding from Torfae County Borough Council, Cwmbran Community Council. Croesyceilig & Llanyrafon Community Council. Pontypool Community Council, Blaenavon Town Council and Henllys Community Council.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Our Values: Placemaking- Llantarnam Grange is loved by everyone. Legacy - Building a healthier and sustainable future. Aspirational - Being the bridge between ambition and success. Creativity - Everyone has a right to be creative. Equity- Understanding the inequalities of society and implementing change. Our Vlslon: A community that celebrates and supports creativity, talent and well-being through the visual arts. Our Mission: To create an environment where care, support and well-being are at the heart of all our programmes and processes. To support and inspire artists and audiences through creative learning, providing a place for civic engagement and sharing the work of leading visual artists and makers from across Wales, the UK and internationally. The Trustees of Llantarnam Grange Arts Centre believe whole heartedly that the work undertaken in meeting its Charitable Objects brings a dirert benefit to the public. We rely on grants and the income from our craftshop, café and selling artwork, as well as charges for selected activities to cover our operating costs. We take our responsibilities as a recipient of public funds very seriously and without this invaluable support we would not be able to deliver significant strands of our important work. We aim to give very good value for money to our funders. delivering on their aims and objectives. and very often exceeding their expectations. Admission to see our exhibitions at the Centre remains free. Affordability and access to our programme is very important to U5 and is reflected in our pricing structure with charges kept to a minimum and many activities delivered free of charge. We strive to understand our audiences and engage in dialogue with our communities to reflect and react to their needs. We will continue to diversify our trustees. staff. artists and audiences to reflect the society we live Volun We have a Volunteering Policy and Volunteer Co-ordinator. Although the Charity does not rely on volunteers to run and deliver our worl we greatly value the contribution and support of our volunteers. Strate ic Alms for 2024-25 Aim 11 We will broaden cultural access for the general public and provide opportunities for artists and makers from Wales and beyond. Aim 21 We will support creativity and develop talenL for people of all age5 and backgrounds to fulfil their potential. develop their skills and confidence. Aim 31 We will support the health, wellbeing and resilience of our community Aim 41 We will work with partners to create a thrivin& inclusive and more representative visual art and craft sector in Wales Aim 5) We will be guided by ourvalues to reinforce our position as a valued and needed resource for our communities, both physical and digital Overvlew 2024-25: Llantarnam Grange is a small. ambitious arts charity that works locally and nationally in Wales to deliver creative activities and exhibitions. We have shown that we are a flexible, agile organisation that has adapted to challenging social and economic environments. supporting the needs of our communities, and responding to opportunities with partners. In the last five years we have radically changed how we present our exhibitions, the artists we represent and the breadth of our engagement work. We have seen a steady increase in audiences returning since 2020 and demand for our services and activities. Our Community Arts Space. Café. talks, workshops and room hire are all vital spaces for people to meet and be creative, including schools, arts & health participants, Aneurin Bevan Primary Care Mental Health Support Service. Family Mediation Cardiff, Torfaen Talks.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 and creative groups such as Torfaen Textiles. Torfaen Arts. Perinatal Art Group. These users have diverse needs and many face barriers to access, leading to social isolation. We also have a nationallinternational audience who engage with us online. Secured crucial investment via Torfaen County Borough Council SPF Funding for a five-month Digital Resilience Pilot, which allowed us to employ a freelance Digital A5515tanL a development role for recent graduate meaning we can support someone at the start of their career in the arts,- updating of website,. creation of films and 3d walkthroughs- research and installation of projectors and screens- online advertising of events.. film screening event. Secured Torfaen County Borough Council SPF Energy Efficiency Funding which allowed us to install Solar Panels, replace Emergency lightin& Install PAR light sensors. Secured Torfaen County Borough Council Food Growth Funding to develop our café marketing and purchase equipment. Launched new Friends Scheme to better communicate with our key supporters. Improved our accessibility information with a newvisit Ugwebpage and Access Video. Continued to partner on TC8C funded Torfaen Tourism Association Visit Torfaen, project. Director continued a5 Co-chair of new Cwmbran Town Board as part of £20 million Long Term Plan for Towns over the next 10 years. Claimed Gift Aid for the first time. Secured funding from Arts Council ofwales Create and the Ashley Family Foundation to commission a new large-scale public artwork'cymrneg Ddnvlby emerging Welsh artist Ffion Williams for our Blllboard Gallery. This project aimed to raise the profile of Cymraeg in our communities. energise public space, inspire and connect people. Between 2023 and March 2025 we partnered with Arts Council of Wales and Amgueddfa Cymru on 'Perspective(s)'. This collaboration sought to bring about a step change in how the visual arts and heritage sector reflects the cultural and ethnic diversity of our society. The project was supported by the Welsh Government as part of a collective effort to meet the culture and heritage goals of the Anti-racist Wales Action Plan. Perspective{sl has been a collaborative project led by artist 5adia Pineda Hameed, who has developed a new body of work that explores how radical movements of the past exist in international solidarity with movements today. Through considering the collection, conversations and community of the museum with an anti-colonial. anti-capitalist and ecological lens, Sadia formed connections between Wales's history of mining and strike, and resource extraction and labour movements worldwide today. It included research trips, skills developmenL workshops. meetings and collaborations. Sadia also contri buted to Llantarnam Grange's programmes through participating on exhibition selection panels. challenging existing ways of working (including the contracts we usel, bringing new artistslparticipants to Llantarnam Grange, and contributing to our public programme through workshops and talks. The project also involved activities and site visits to Amgueddfa Cymru Big PIL including underground tours with staff from Llantarnam Grange and workshop participants, collaborations wth the onsite Blacksmiths and filming. The project is set to culminate with a publication and exhibitions at both Llantarnam Grange and Big Pit beginnin8 May 2025. Exhlbltlons Pro ramme 2024-25: May 2024- May 2025 Billboard Gallery: Ffion Williams'cymraeg Ddrw Cymraeg Ddrwg is a new work by artist Ffion Williams that explores Welshness, protest and hope. This was the second commission of our Billboard Gallery, a space that seeks to broaden the publies access to culture and to break down physical and perceived barriers for those who have yet to visit us. Ffion experiments and plays with language. layering text and using their own method of creative translation. The artwork used text in English and Cymraeg to explore themes of identlty, Welshness. protesL and hope.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 IKARCH 2025 18.05.24- 10.08.24 Gallery 1: Bonnie Hawkins -'Dylan Thomas and Other Dreams. Solo exhibition by Wales based artist Bonnie Hawkins. The exhibition features exquisitely detailed drawings inspired by the characters of Under Milk Wood, as imagined by legendary poet Dylan Thomas. Through bringing art and literature together, Dylan Thomas and Other Dreams celebrates creativity, and reflects Bonnie's passion for inspiring others. Gallery 2: Craft Festival'Award Winne Llantarnam Grange have collaborated with Craft Festival since 2011. Proudly following its exciting development and presenting bespoke showcase awards. This exhibition celebrated the relationships built with so many makers over the years. th Café Gallery: Open Call -'Cwmbran 75 Anniversa To mark the 75th anniversary of Cwmbran we invited artists living in Torfaen to show athork in our café. By sharing local creativity and talent, the open call was a platform for artists of all abilities, ages. and experiences. Foyer Gallery." Cr05skeys College - 'Designer Maker Showcase. Students from the new Artist Designer Maker Foundation Degree at Coleg Gwent Crosskeys, shared work in a group showcase. Their focus naturally manifested in (he majority of students creating ceramics. 24.08.24- 16.11.24 Gallery 1: Portal 2024 Portal is our annual group exhibition of graduate artists and makers. giving new voices support, tools. and the opportunity to develop skills. Portal reaches beyond the gallery walls with mentoring to give emergin8 artists the best possible start for forging sustainable careers. Gallery 2: Youth Advisory Panel-'Practice in Place. Practice in Place was a groLSP exhibition organised and curated by our Youth Advisory Panel to spotlight their work. Five artists at different early stages of their careers exhibited their unique practices and interests, from drawing, paintin& ceramic, video and embroidery. Café Gallery: Lucy Burden- Solo Exhibitlon Solo show of work from Mid-wales based painter Lucy Burden, who creates atmospheric landscapes and seascapes. Foyer Gallery: Sally Adkins - The Future is the Light on the Wate Solo show of work from printmakerlartlst Sally Adkins. The work investigated the emotional and spiritual response to being immersed in nature. Sally was a winner of our Craft Festival Award. 30.11.24- 15.02.25 Gallery 1: Toni De Jesus-'Caculo' An exhibition of illustrations by artist and ceramicist Toni De Jesus. This touring exhibition arranged by us and Ruthin Arts Gallery builds on ideas from Toni De Jesus's solo show at MUDAS - Museu de Arte Contemporanea da Madeira (Portugal, 2023). It focuses on the interplay between the artist, the work. the material and place. Gallery 2: Jon Langford - The Terrorf An exhibition of illustrations by artist and musician Jon Langford. Newport publishers Three Impostors commissioned artlst and musicianjon Langford to illustrate their new edition of TheTerrorfArthur Machen's short novel. Café Gallery: Frankie Brown~ Solo Exhibition Solo exhibition of work by Frankie Brown, an illustrator based in Portsmouth who uses linocut in her process. Her work is inspired by a sense of nostalgia and fairy tales.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Foyer Gallery: Linzi Morgan Whitting- Solo Showcase Solo showcase from Linzi Morgan Whitting a mixed media artist. Her work explores crafting story telling through song stories woven into aLtdio/visual film with moving drawn ima8es, mixed media book form, and ceramic sculpture. Leoma Drew- Solo Showcase Solo showcase from Leoma Drew a jewellery artist who was awarded a Craft Festival showcase award. 01.03.25- 17.05.25 Gallery 1: Keith Bayllss- Singing in the Darknes Singing in the Darkness is a solo exhibition by artist Keith Bayliss, that explores drawing as the starting point for creativity. Keith shared two small bodies of work Fields of Souls and Proserpina. alongside a soundscape from hi5 50n Joe Bayliss and poetry by his friend David Thomas. 80th sets of drawings are concerned with aspects of loss, journeyin& and finding a safe haven. Gallery 2: Sahar Saki -'Per5ian Tourf An immersive exhibition by international artist Sahar Saki, which transformed the gallery in a joyous celebration of Persian cultural heritage. Café Gallery: Vision Art A collective exhibition featuring the work of 7 artists from a group based in South Wales. Foyer Gallery: CSAD Annual Showcase Annual showcase of student work from Cardiff School of Art and Design. Tourin Exhibitions 2024-2 27.04.24- 23.06.24 Jin Eui Kim -'Simplicity and Complexity Venue: The Ceramic Collection Jin Eui Kim is an internationally renowned ceramic artist. Originally from South Korea now living in Cardiff. His solo exhibition explores how the perception of three-dimensional ceramic forms can be manipulated by the application of different tonal arrangements on surfaces 07.06.24- 14.07.24 Alastair Duncan -'Interactive Tapestry Weavin¥ Venue: The Base Greenham In this exhibition artist Alastair Duncan brings craft and technology together in a series of Interactive tapestries. Working across fibre, photography and sound, Alastair original trained in tapestry weavin8 where he found enjoyment in the textural and rhythmic asperts of weaving. These characteristics are paralleled in sound. where regularity, pace and audio textures are similarly woven together. Through the practice of collecting field recordings these parallels came into focus, leading Alastair to explore the different practical ways of integrating them. Learnin Pro ramme Hi hts 2024-25: Our learning programme has continued to develop this year in parallel with the organisations aims and valLtes. 'Cymraeg Ddrw¥- A yearlong public programme alongside our Billboard Gallery commission, included activities for Welsh speaker5 of all abilities. There were artist talk5. creative activities with community groups, schools. young people and families. as well as a jointworkshop with Peak Cymru and their young people's programme Peak Peers. Torfaen has one ofthe lowest percentages of Welsh speakers per population. so we aimed to improve confidence and ownership of language. as well as supporting people's mental health and wellbeing through creative activities.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT UNCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 'Be Kind to Your Mind.. Our arts and health umbrella programme launched this year. and included the following groups.. 'Create with Confidence.. 'Living with Dementia.. 'Mindful Makin¢ and 'Craft Clwb.. Between June 2024 andjuly 2025 these sessionswere funded by National Lottery Community Fund. Participants from each group will celebrate their creative achievements. as well as improve confidence and well-being by exhibiting work in our 'Be Kind to Your Mind. exhibition in the Café Gallery in August 2025. We aim to fundraise to continue our arts and health work in this way. Creative Hub- Our Community Art Space continues to exhibit a rolling programme of exhibitions focusing on local artlsts, young people and community groups. It also acts as a Creative Hub for our weekly Mlndful Making sessions which offers a comfortable space for like-minded creatives in an informal drop-in session. Along with our Friday Craft Clwb these sessions take place on the ground floor, are inclusive, supporting older and disabled adults to fully engage in our activities. The space also provides a meeting place for our monthly 'Artist Meet sessions where artists at any stage in their career can come together to share ideas & ways of working as well as take part in professional development training and talks. Artist Hub- We continue to provide one studio for an artist or small creative business, focused on artists who can support our work extending reach in our community and partnership opportunities. Community Projects - As part of the Windows of Positivity Project headed up by the HWB in Blaenavon we worked with 8 community groups including a Knit & Natter, Aspire an activity group for adults with additional needs, Arthurjenkins Care Home, Youth Ambassadors and a youth strategy group. Artwork created by the participants was displayed in the shop window5 of Blaenavon's Broad Street. Family and Young People's Artivities- During this year our intergenerational Family Sessions, where grandparents, parents and friends create alongside young people have proven to be very popular. and so consequently we ceased our'drop ofP young people's sessions during the holidays. We offered two family sessions per week as well as opened up the Mindful Making sessions to both lone adults and family groups. During summer 2024 we offered creative writing workshops for families and adults linked to the Bonnie Hawkins exhibition based on Under Milk Wood. Schools- We worked with primary schools from Torfaen, Monmouth and Cardiff on a variety of topics such as the Mari Llwyd, skin deep portraits & the environment and used varied mediums such as printmakin& illustration, textiles and collage. We delivered free sessions to schools linked to Cymrae8 Ddrw& several delivered in Cymraeg. We also worked with Blaenavon Heritage VC Primary and Ysgol Bryn Onnen to create headdresses based on the natural world for pupils to wear as part of the World Heritage Day Parade in Blaenavon town centre. Craft Festival - We took part in the first Craft Festival Wales in Cardigan in September 2024. Working with 5 local primary schools on the first day of the evenL th a Welsh speaking assistant to SUPPOrt. We delivered free drop-in children's activities over the rest of the festival with all content based on the work of an exhibiting artist. We also exhibited a selection from our craft shop on a gallery stand and presented a showcase award to an exhibitor. Llantarnam Grange is a place that is loved by and used by our local and artlStic communities. It has been a part of their lives for almost 60 years. and we have ambitious plans to build on this legacy by developing our building and activities. April 2026 will mark 60 years since the arts centre was established, and we are currently planning how we can best celebrate this Wlth our communities. We want to secure our place in the heart of the town, and within the arts in Wales. We are a vital part of the community. providing spaces and opportunitie5 for creating learnin& socialisin& engaging and relaxing. We have an ageing and increasingly isolated population which need these spaces to foster friendships: creative young people who need access to support and skills development,.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 people who need support around their health and well-being,. artists who need opportunities to show their work and grow their busines5e5. Llantarnam Grange is the only space that can deliver this for Torfaen and Southeast Wales. Development of our building and Services is essential to extend our reach to a wider audience and provide inviting support spaces which are accessible to everyone. We aim to conduct a new Feasibility Study which will look at how we can create an environmentally sustainable building relevant to our community now and in the future which would improve physical access for all users and increase income generating opportunities. It will transform how we work with and support our communities, and It will increase our ability to better support the artlStic community of Wales. We will work with partners to develop several key areas/proJects through the next year including: Implement our new Business Plan and key documents including Equality Action Plan, Welsh Language Plan, Environmental Action Plan and Digital Strategy. Fundraise to continue several strategic programmes including our arts & health programme'Be Kind to Your Mind., develop our work wth young people by the formation of a new Creu | Create programme, continuing to develop our Digital Strategy, developing our post 16 and graduate support with Community Connections programme. Continue to fundraise to invest in the improvement of our building and access. Director will continue as Co-chair of Visual Arts Group Wales IVAGWI supporting the visual arts sector in Wales, working with other networks across the Four Home Nations. continuing to support its Development Programme and Brittany partnerships. Director will continue as Co-chair of Cwmbran Neighbourhood Board (appointed 01.04.241 as part of £20 million Long Term Plan for Towns over the next 10 years. Director will continue as Chair of Cwmbran Arts Trust, working with Cwmbran Centre and other local partners to develop public artwork in Cwmbran. Re The Policy is reviewed annually and states why the charity needs to hold resee5 and what level is required for the efficient running and future planning of the charity. Reseryes are needed due to: a} The risk of unforeseen need for funds e.g.. an unexpected repair bill or an urgent project. bl Covering unforeseen operational costs e.g.. employing temporary staff to cover a long-term sick absence. cl A source of income not being renewed, e.g., a grant. Funds might be needed to give the trustees time to take action if income falls below expectations. dl Planned commitments that cannot be met by future income alone, e.g., plans for a major asset purchase or to a significant project that requires the charity to provide 'match fundin¥. el Efficient cashflow- this 15 essential to fund short-term deficits in a cash budget, e.g., money may need to be spent before a funding grant is received. n Holding enough cash reserves to cover redundancies and closure of contracts in the event of the charity ceasing trading. Due to an ongoing difficult financial and fundraising climate as well as the possibility of essential building repairs needed in 25-26 Trustees decided in March 2025 to maintain Reserve Targets as follows.. Hold £100,000 free cash reserves - by 202512026 Hold £110,000 free cash reserves - by 202712028 Hold £115,000 free cash reserves - by 202912030 Hold £150,000 free cash reserves150% of average annual turnover) which would give the time to re- model in the event of the loss of one of our major funders - long term target. As at 31 March 2025 our reserves are £383.516. which are made up of predominantly of our assets including the value of the building. Unrestricted reserves are £205.773, with £108.828 being free cash reserves, which representiust under 4 months of average annual turnover.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Each year we continue to diversify our income from a wide variety of sources. increasing fundraising from public and private sector. maximise Museum & Galleries Tax Relief. develop individual giving and increase earned income. We were successful in maintaining Multi Year Funding in the Arts Council of Wales Investment Review in 2023 which provides stability and drives our core ambitions. enabling us to continue to positively impact our communities. Along with our core funding from Torfaen County Borough Council, it gives confidence to other funders and partners, allowing us to lever funding from other sources. Our ability to earn income. and our costs may still be affected for some time by the aftereffects of the pandemic, implications of Brexit, the cost-of-living crisis as well as other global events. However, we have planned for a slowly improving picture. We do not underestimate the challenges ahead and we will work with our Marketing & Development Officer. Lead Trustee for Fundraising and other trustees to continue to develop our Fundraising Plan. This is in order to increase fundraising from the public and private sectors, develop existing and new relationships to secure sponsorship, maximise available tax relief, develop individual givin& and return earned income to pre-pandemic levels as quickly as possible. Structure Governance and Mana ement As an incorporated charity, Llantarnam Grange Arts Centre is governed by a voluntary Board of Trustees whose structure is defined by the organisation's governing constitution - the "Articles of Association" Responsibility lies with the Board of Trustees for the overall strategic policy and organisational direction. while the management and implementation is delegated to the Centre Director and Staff. Included in the delegated authority, and approved by the trustees, are finance, employment and artistic related attivity. Llantarnam Grange Arts Centre's governing constitutional document is its"Memorandum & Articles of Association- which were updated in December 2020, these define the organisation's charitable objects, composition of its Board of Trustees and the rules under which it is managed and operates. New Trustees are given an induction pack. invited to attend an induction day and are provided with a copy of the rules, responsibilities and liabilities of being a Trustee together with a copy of the Charity's Articles of Association, Business Plan and operational policies. Additional training is provided where appropriate. Our Youth Advisory Panel {launched 2021} advises staff and trustees on a range of Issues from their perspective. To continue to broaden the range of voices on our board and to support our key Aims and Objectives, the Board have a plan to manage trustee recruitment and succession planning. The Board are able to co-opt if necessary, in order to recruit people with specific skills required by the 8oardlorganisation. In December 2023, a new Chair and Treasurer were elected on the retirement of the previous. who stood down as per the Terms of Office after completing their full term plus an additional one year due to the Investment Review process. The charity constitutes a limited company, limited by guarantee as defined by the Companies Act 2006. Advantage has been taken of Section 30 of the Companies Act 1985 exempiing the company from the requirements to show Limited with its name.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Reference and Administratlve Details: Charity Number- 1006933 Company Limited by Guarantee Number: 02616241 Registered Office: St Davids's Road Cwmbran Torfaen NP44 IPD Independent examiner: Mitchell Associates Limited St Davids's House 48 Free Street Brecon Powys LD3 7BN Bank: Lloyds Bank PIC Solicitors: Geldards LLP The directors of the charitable company {the charity) are its trustees for the purpose of charity law. The Board has established executive officer positions to be held by a member of the Board= Chair. Vice Chair, Treasurer and Vice-Treasurer. Trustees at 31" March 2025.. S R Browne S Burge- Chair Kim Colebrook- Treasurer VA Crick F J Fenton T Dejesus S Mjames G Lloyd-Tolman M Saunders N Syed J Watkins L Williams secretary.. Y Ljones-williams Senior Management Team at 315r March 2025: Centre Director - Louise Jones-williams Senior Engagement Officer- Louise Tolcher-Goldwyn Administrator- Alice Bethune Marketing & Development Officer- Sophie Lindsey Exhibitions Officer- Savanna Dumelow -10-
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Oryo era ion wi Any payments to trustees or connected persons to staff or trustees for 2024-25 are declared below. These are managed through our Conflict of Interest Policy. Any connections between a trustee or senior manager of the charity with someone employed on a freelance basis or an exhibitor must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party: Stephanie Burge (Chair of Trustees) is employed by Amgueddfa Cymru and therefore since becoming Chair has requested that Naseem Syed lead on Board discussions and decisions in relation to the Perspectives project. Naseem Syed {Trusteel uses the Studio at Llantarnam Grange from which to operate her creative practice. The space has been made available rent free. on the condition that she works with a range of diverse communities that are important to Llantarnam Grange in helping it achieve its Vision, Mission, and charitable objects. This arrangement was made prior to her becoming a Trustee and is managed through a Conflict-of- Interest Declaration. Naseem Syed also conducts work periodically as a freelance artist for Llantarnam Grange. None this financial year Kim Colebrook (frusteel ha5 work for sale in our Craftshop and is subject to a 40% commission charge. in line with other artists. She received £36.00 in this financial year. Louise Jones-williams's (senior manager) daughter Seren Williams provides cover as required in the Café. These shifts are requested by, and she is managed by Café Manager Holly Ivany. She received £1,788.39 in this financial year. Savanna Dumelows {staffj mother, Tina Dumelow has work for sale in our Craftshop and is subject to a 40% commission charge. in line with other artists. None this financial year. Alice Bethune'5 Istafn mother, Claire Blanning has work for sale in our Craftshop and is subject to a 40% commission charge. in line with other artists. She received £111.00 SOR in this financial year. Claire Blanning also conducts casual cleaning hours and received £1,608.99 in this financial year. Louise Jones-williams (Centre Director) holds the following positions in other organisations at 31" March 2025.. Co-chair of Visual Arts Group Wales (constituted organisation) Chair of Cwmbran Arts Trust Icharityl Chair of Torfaen Tourism Association (constituted organisation) Trustee of Friends of Bruchsal Trust Icharityl Pa and Benefits for Trustees and St None of our Trustees receive remuneration or other benefit from their work with the charity. Details of any directors, expenses and related party transactions are disclosed in the accounts. A Staff Salary Review was conducted by the Trustees in 2022 with Phase 1 implemented April 2023 and Phase 2 in April 2024. Salaries are benchmarked against pay levels in other visual art5 organisatlOf15 of a similar size and structure, in both the Arts Council of Wales's Arts Portfolio Wales and the National Portfolio Organisation structure in England. Café casuals and cleaning staff are paid National Living Wage. nt The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The major risk identified by the Trustees is the loss or reduction of core grant funding from its two main funders, Arts Council of Wales and Torfaen CoLJnty Borough Council. Given the current pressures on Local Government and National Government funded bodies reductions in core funding are a very real issue and the Trustee5 are continuing to investigate methods of reducing the Charitys dependency on public fijnding and have implemented a sustainable Fundraising Plan. The Risk Register is reviewed quarterly by executive officers and annually by the full Board, last done as part of the Business Plan review in March 2025. Risks are managed by ensuring accreditation is up to date. having robust policies and procedures in place. and regular training for staff and trustees.
LLANTARNAM GRANGE ART CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Tru ilities in rela he financial Company law requires the charity Trustees to prepare financial statements for each year, which 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 for that period. In preparing the financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudenL state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence 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 companys website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The Trustees completed an Audit Tender exercise in 2022 and Mitchell Associates Limited were reappointed as our auditors for a further 3 years. Statement as to disclosure to our auditors: In so far as the Trustees are aware at the time of approving our Tru5tees' annual report: there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the group's auditor is unaware, and the Trustees, having made enquiries of fellow director5 and the group's auditor that they ought to have individually taken, have each taken all steps that helshe is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. By order of the Board ofTrustees S Burge (Chairl Date.. 1sliil25 12-
LLANTARNAM GRANGE ARTS CENTRE STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who are also the directors of Llantarnam Grange Arts Centre for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that year. In preparing these financial statements. the Trustees are required to: select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.. and prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 13-
LLANTARNAM GRANGE ARTS CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LLANTARNAM GRANGE ARTS CENTRE I report to the Trustees on my examination of the financial statements of Llant3rnam Grange Arts Centre (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the Trustees of the charity {and also its dirertors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity 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 the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given bythe Charity Commission under section 145(5)Ib) of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250.000 yourexaminer must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. 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 that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act otherthan any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination,- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). 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 financial statements to be reached. Mitchell As ciates Ltd J P Mitchell ACA BFP St Davids House 48 Free Street Brecon Powys LD3 7BN UK 14-
LLANTARNAM GRANGE ARTS CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricte Restricted fun(11 funds 2025 2025 Total Total 2025 2024 Notes Income from Donations and legacies Income from Charitable activities Investments Other income 115.979 86,556 1.810 23,627 108,541 224,520 86,556 1.810 23,627 212,561 75,821 52 39,780 Total income 227.972 108.541 336.513 328,214 enditure Expenditure on Raising funds 8,294 8,294 7.003 Expenditure on Charitable activities 236.943 108,748 345,691 283,525 Total expenditure 245.237 108.748 353,985 290,528 Net (expenditure)lincome for the yearl Net movement in funds 117.2651 (207) {17,472) 37,686 Fund balances at l April 2024 223,038 177,950 400,988 363.302 Fund balances at 31 March 2025 205,773 177,743 383,516 400,988 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. The statementof financial attivities also complies with the requirernentsforan income and expenditureaccount under the Companies Act 2006. 15-
LLANTARNAM GRANGE ARTS CENTRE BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed a55ets Tangible assets 13 272.147 242,684 Current assets Stocks Debtor5 Cash at bank and in hand 14 15 10,672 30.663 84.700 11.358 37,128 149.193 126.005 197,679 Creditors: amounts falling due within one year 16 (14.6361 (39.3751 Net current assets 111.369 158.304 Total assets less current liabilities 383,516 400.988 Income funds Restricted funds Unrestricted funds 17 177,743 205.773 177,950 223,038 383,516 400,988 The company 15 entitled to the exemption from the audit requirement contained in settion 477 of the Cofflpanies Act 2006. forthe year ended 31 March 2025. The directors acknowledge their responsibilitiesfor complyingwith the requirements ofthe Companies Art2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statement5 for the year in question in accordance with settion 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on ... .... .. .... ...... S Burge Trustee Company registration number 02616241 16-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Llantarnam Grange Arts Centre is a private company limited by guarantee incorporated in England and Wales. The re8i5tered office is St David's Road, Cwmbran, Torfaen, NP44 1 PD. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's tgoverning documentl, the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102.) and the Charilies SORP "Accounting and Reporting by Charities.. Statement of Recommended Pract'ce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the funrtional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it 15 probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. 17-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty. it is probable that a transfer of economic benefits will be required in settlefnent, and the amount of the obligation can be measured reliably. Expenditure is classified by actlVlty- The costs of each activity are made up of the total of dirett 105ts and shared costs, including support costs involved in undertaking each artivity. Direct costs attributable to a single actlvlty are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activlty are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's Use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and Subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Shop, office and Workshop equipment Donated paintings 2% straight line 15% straight line not provided The gain or loss arising on the disposal of an asset is determined as the difference between the Sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those asset5 have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and. where applicable. direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be Incurred in marketin& selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investment5 Wlth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 18-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.10 Financlal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes patyto the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial statements,when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Bosicfinuncial assets Basic financial asset5, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Bosicfinancial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price vrsless the arrangement constitutes a financingtransaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instrument5 are subsequently carried at amortised cosL using the effective interest rate method. Trade creditors are obligations to payfor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost usin8 the effective interest method. Derecognition offinonciol liobilities Financial liabilities are derecognised when the charitys contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee'5 services are received. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 19-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the charity's accounting policies. the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from Donations and legacies Unrestrirte Restricted funds funds Total Total 2025 2025 2025 2024 Donations and gifts Grants receivable 11,107 104,872 11,107 213.413 9,219 203,342 108.541 115,979 108,541 224,520 212,561 Grants receivable for core activities Torfaen County Borough Council Community Council Arts Council of Wales Garfield Weston Blaenavon Town Council The Gwendoline and Margaret Davies Charity National Lottery be kind Literature Wales 2024 10,000 10,500 84.372 46.291 56,291 10,500 125.715 36,252 10,350 137,494 10,000 250 8,996 41,343 1,000 19.382 525 1,000 19.382 525 104,872 108,541 213,413 203,342 Income from Charitable activities Exhibition5 Workshop Art and craft Coffee shop and shop educatlonal 2025 Totsl Total 2025 2025 2025 2025 2024 Sales within charitable activities 7.546 11.577 20,023 47,410 86,556 75,821 -20-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from Charitable activities For the year ended 31 March 2024 Exhibition5 Workshop Art and craft Coffee Shop and shop educatlonal Total 2024 Sales within charitable activities 11,103 7,801 20,161 36,756 75,821 Investments Unrestrirtedunrestricted funds funds 2025 2024 Interest receivable 1,810 52 Other income Unrestrirtedunrestricted funds funds 2025 2024 Museum and Galleries Tax Relief Rental Income 10,547 13,080 21,689 18,091 23,627 39,780 Expenditure on Raising funds Unrestrictedunrestricted funds funds 2025 2024 Staff costs Support costs 5,886 2,408 5,184 1,819 Fundraising and publicity 8,294 7,003 8,294 7,003 21
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LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance osts Costs 2025 2024 Staff costs Establishment costs Repairs and maintenance Office expenses Printing postage and stationery Sundry costs Motor costs Advertising Accountancy Interest payable Depreciation 5,886 411 566 559 155 5,886 14,211 19,571 19,308 5,350 374 3,930 3.826 6,253 1,680 8.704 5,184 12,264 13,779 17,518 3,098 1S9 1,688 2,816 2,364 1,532 7,633 13,800 19,005 18,749 5.195 363 3,816 3,715 6,072 1.631 8.452 114 111 181 49 252 Accountancy Legal and professional 3.840 841 3,840 841 3,840 76 80,798 12.976 93,774 71,951 Analysed between Fundraising Charitable activities 2,408 78,390 2,408 91,366 1,819 70,132 12,976 80.798 12,976 93,774 71,951 10 Trustees None of the Trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. 11 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Charitable attivities -23-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11 Employees Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 149,962 4,231 2,612 132,438 2,295 2,186 156,805 136,919 There were no employees whose annual remuneration was more than £60.000. 12 Taxation The charity is exempt from tax on income and gains falling within sertion 505 of the Taxes Art 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that Ihese are applied to its charitable objects. 13 Tangible fixed assets Freehold land Shop. office and buildings and Workshop equipment Donated paintings Total Cost At 1 April 2024 Additions 285,040 15.995 115,027 13,854 86,355 8,320 486,422 32,420 At 31 March 2025 301.035 128,880 94,675 518,842 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 140.171 5.765 103.569 2.938 243,737 8,611 At 31 March 2025 145,936 106,507 252,348 Carrying amount At 31 March 2025 155.099 22,373 94,675 266,494 At 31 March 2024 144.871 11.458 86,355 242,684 -24-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets Included within the net book value of land and buildings above is £155,099 {2024- £144.8711 in respect of freehold land and buildings and nil (2024- nil) in respect of leaseholds. Llantarnam Grange Arts Centre holds the freehold land and buildings in St David's Road, purchased on 5th September 1983 from Cwmbran Development Corporation at a cost of £5,000. Under the terms of the conveyance, if the Association shall cease to exist or shall cease to use the said property as a cultural artistic and social education centre, the Trustees shall hold the said property in trust forTorfaen Borough Council to be used for the benefit of the inhabitants of Cwmbran as a whole. Donated paintings are included at a market value at the balance sheet date. These assets have been valued, by the Trustees, on the basis of recent market activity in comparable artworks. 14 Stocks 2025 2024 Stock 10.672 11,358 15 Debtors 2025 2024 Amounts falling due within one year. Trade debtors Prepayments and accrued income 27,945 2,688 35,393 1,735 30,633 37,128 16 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 1.240 5,721 574 7,101 987 6,667 477 31,244 14,636 39,375 -25-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds Incoming Resources resources expended Balance at l April 2024 Transfers Balance at 31 March 2025 Capital Grant Donated Assets Arts Council of Wales Cwmbran Operation Group South East Wales Community Econominc Development ACW Perspectives ACW Building/Access Grant Literature Wales 2024 ACW Cultural Recovery Fund TCBC Community Food Grant TCBC Digital Resilience Fund TCBC SPF Energy Efficiency TVA Engagement National Lottery be kind Ashley Family Foundation ACW Create The Gwendoline and Margaret Dawes Charity 112.336 22.915 6.363 1,885 (4.6851 107,651 22,915 5,089 1,373 11,274) 15121 7.038 15.813 306 11821 147,271) {1081 15251 11091 13,244) 112,487) (1,3191 18511 116,842) 18,996) (9.343) 6,856 542 198 32.000 525 373 264 1,323 11,988 15,930 1,074 2,540 4.567 24,475 17,249 1,925 19,382 8,996 9,343 1,000 (1,000) 177,950 108.541 {108,7481 177,743 The specific purpose for which the funds are to be applied are as follows Capital Grants - represents funding received for the refurbishment of the building from ACW Lottery and the Foundation for Sport and the Arts. Donated Assets represents the value of artworks held as exhibition work. donated to the charity. Cwmbran Operational Group represents funding towards capital works, purchase of cafe furniture, cladding of walls in the cafe and gallery. and new lighting system in the gallery. ACW Criw Celf. a Nationwide programme which we deliver in SE Wales for students in school years 5-13 ro encourage those with a talent and enthusiasm for the arts to continue in the subject possibly through to a career in the arts. CED Grant represents funding to create a marketing officer post purchase signage and to develop their conference and cafe activities. -26-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds ACW Perspectives is a collaboration between the Arts Council of Wales and Amgueddfa Cymru - Museum Wales, which seeks to bring about a step change on how the visual arts and heritage sector reflects the cultural and ethnic diversity of our society. The project takes place over two years lending in March 2025) and is supported by the Welsh Government as part of a collective effort to meet the culture and heritage goals of the Anti-racist Wales Action Plan. ACW Building Access Grant represents funding to complete essential maintenance work to improve environmental sustainability and improved access for disabled visitors. Literature Wales 2024 supported the delivery of four half day workshops to take place alongside our exhibition 'Dylan Thomas and Other Dreams, by artist and award winning illustrator Bonnie Hawkins. These sessions will work with young people, aged 6-12.. older adults- and our regular Living with Dementia Group. Children's author Clair Fayers and poet educator Lare Potters will deliver two sessions each. TCBC Play projects to provide opportunities for our visitors of any age and artistic ability to create, learn, socialise. engage and relax within Llantarnam Grange. ACW Cultural Recovery Funding to support the organisations core overheads through the Covid restrictions and closures as well as implement the rebrand with new signage, leaflets etc and commission an artist to create artwork for an outside Billboard Gallery. TCBC Community Food Grant represents funding towards makingthe café more sustainable. efficient and cost effective. TCBC Digital Resilience Fund to help iowards investing in digital equipment and resources. TCBC SPF Energy Efficiency represents funding towards the installation of solar and upgrading of lighting ACW Cafe Resilience represents funding to develop the audience and income of the cafe including consultancy, bespoke counter and equipment purchases. TCBC Canal project funding towards fun and creative sessions where we celebrate the canal wldlife on display along the peaceful waterways of the Monmouthshire and Brecon Canal. TCBC Community Resilience Fund provides funding towards a new creative programme Be Kind to your Mind, designed to help those with mental conditions such as anxiety. TVA Engagement Fund, represents funding by Torfaen Voluntary Alliance, to create a community art space at the centre and support 10 months of free engagement activities with young people, families and adults experiencing social isolation. National Lottery be kind funding goes toward5 weekly art and craft classes and drop in sessions for those living with Dementia. ACW Create represents funding towards raising the profile of Welsh in our communities. energise public space and inspire and connect people. The Gwendoline and Maragaret Davies Charity, a contribution towards the Bonnie Hawkin's Dylan Thomas and Other Dreams Exhibition and engagement programme. -27-
LLANTARNAM GRANGE ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds Movement in funds Incoming Resources resources expended Balance at 1 April 2023 Transfers Balance at 1 April 2024 Capital Grant Donated Assets Arts Council ofwales Cwmbran Operation Group South East Wales Community Economic Development ACW Perspectives ACW Building/Access Grant TCBC Play Projects ACW Cultural Recovery Fund ACW Café Resilience TCBC Canal Project TCBC Community Resilience Fund TVA Engagement TCBC Healthier Futures Ashley Family Foundation National Lottery Social Prescribing Warm Hub 117.019 22,915 8,297 2.395 {4,683) 112,336 22,915 6,363 1,885 19.997 (21.931) 15101 7,220 1182) (14.187} 11081 1400) 7,038 15,813 306 30.000 414 400 484 983 373 {983} (2,1001 18,7521 1241 (15,000) 2,100 8.752 1,949 1,925 15,000 8,996 8,996 3.184 1.240 13.1841 {1.240) 166,100 85,245 173,3951 177,950 18 Analysis of net assets between funds Unrestricted Restricted funds funds 2025 2025 Total Total 2025 2024 Fund balances at 31 March 2025 are represented by- Tangible assets Current assetsllliabilitiesl 96,945 108.828 175,202 2.541 272,147 111,369 242,684 158,304 205,773 177,743 383,516 400,988 19 Related party transactions There were no disclosable related party transactions other than listed in the Trustee ReFX)rt during the year12024- none). -28-