c.ompany regislration number: 02621963
Charity rogistration number.. 1008593
Ucheldre Centre
(A company limited by guarantee)
Annua] Rep)rt and Financial Statements
for the Year Ended 31 March 2025
Aston Hughes & Co
Chartcrcd Accountants and s￿v￿)rY Auditors
Selby Towers
29 Princes Drive
Colwyn Bay
LL29 8PE

Contents
Reference and Administralive Details
Strategic Re￿)rt
2to5
Trustees, Report
6107
Independeni Auditors, Report
8tolO
Ststemenl of Financial Activities
Balance Sh¢¢t
12
Statenieni of Cash FIoiv8
Notes to the Financial Statenients
14to26

Reference and Administrative Details
TrU￿ee$
Mr A Darroch
Ms S Moffat
MrsHXi
Mr A L Roberts
Ms K S Thoinas
Ms S A Williams
Secretsry
Mr M B Gould
Charity Registrntion Number
1008593
Company RegistrAtbOn Number
02621963
The charity is inwrporai¢d in England & Wales.
Millbank
Hol)'head
LL65 1 TE
RtgisÉered Office
Auditor
Aston Hughes & Co
Chartered Accountants and Statutory Auditors
Selby Toil'ers
29 Princes Driiwe
Colmyn Bay
LL29 8PE
Page I

Strategic Report for Ibe Year Ended 31 March 2025
The trustees. who are directors for th¢ purposes of compa]iy lawy present their strategic report for the year ended 31
March 2025, in ¢ompliance ii'ith $4l4C of the Companies Act 2006.
Achievemenls And performance
The provision of a top qiialitv, and varied programme of perforniance events. theatrical and musical. exhibitions,
filins, cl&ss¢s, and other events, as Mrell as being a Trenue for local societies and community activities, remained at
the heart of U¢heldre"s existence. The enh4n¢ements made duriiig the last feii, years lo its facilities continued to
have a major impact in iinproi'ing the qualitN' and range of perfonnances.
Due to the building works ive have run the catering side very light with only a small refreshmenls and cakes facility
in the Ga]lery. Wc will look to relaunch with new staff, and a revamped space in late spring 2026. The run light do¢s
impact on numbers and incoine, of cours< bth hopefully ihe new offering on Te-opening will b(K)81 Ucheldre's
finances.
Despifr the consiant juggling aroLind ihe building works, and limited facilities, in FY 24-25 Ucheldre still facilitated..
25,601 Visitors to Exhibitions
. 297 Sessions of workshops for childTen, involving 6.977 attendances.
. 52 Sessions of regular painting 575 attendances.
10 Sessions of opera workshops with 43 attendances.
27 Professional performances.
• 23 Amateur perforniances.
88 Screenings of 63 film and satellite titles: 2,827 attendances.
2 Exhibitions.
180 Sessions including Jazz Club, Repertory Company. Adult Art Sgwrs a paned, and
Literary &)ciety involving 1,840 participants.
119 Se&8ions of Community, use, involving s,9￿ participants.
We programmed a huge range of plays, music from folk to rock though classical, films and screenings as well as
many workshops and classes for children and adults. Th¢ mix of professional and amateur productions
reci)mmen¢¢d. We held ihe l Oth Seemor film festival in October 2024 with entries from ivorldwide.
We remain particularly pleased with the Creu Heulwenlcreating SunshÉne project which engages many Children and
adults alike in creative activities. Holyhead ￿atyard Ltd has donated ￿ndS so we can coniinue to offer many of the
activities for fre¢ which offsets the financial pressures on parent&
Page 2

Strategic Report for the Year Ended 31 March 2025
Financial review
It has been a biisy and lough )'ear having to prograinme and operate around the building works. Nonetheless, despite
feiv¢r revenue earning activities, we have iiianaged to r¢¢over some of our Reserves wl)icl) had been depleted by oiir
expenditure on en¢rJo sailing me&8ures, increased ener￿ prices and oÉh¢r cosls. Our rev¢nii¢ grants income is stali¢.
bul this does not alleviate the invtdious effecl of IJ)tlalion ivhi¢h means that in real terms we ivere probably S￿/
wors¢ off from even 5 years ago. Therefore, we did well, despit¢ those headwinds, to increas¢ oiir Unrestricted
Reserve to £25,670, Ivith our total r¢serve an impressive £4:076,837 due to the Neivbuild.
The Space tor 21 st C¢nliiry C.realive W¢ll-b¢in2 Newbuild Cost has risen to £5,768,402: and Ucl)eldr¢ has raised
£5,918,402 for t]iis capital exp¢ndiWre. Work is anlicipated to be completed by l April 2026. Uclieldre continues lo
research other aweiilies of fiinding, both lor reveniie and capital, a]tholI￿ comp¢tition for all trust grants is becoming
in¢r¢asinglv intense and difficuli wilh many inundated with requ¢sts for wst-of-living support. Also, ¢v¢n on hoine
groiind, our bid to Cyindeithas Eliis¢nnol Ynvs Mon for fiiiiding for carrying on with our coininunitv Creu Heuliven
project was unsuccessful!
Ucheldre has produced a revised Business Plan ll,hich shows that the enhanced fa¢ilili¢s will greatly improve its
long-lem) suslainabilily. The Holyhead LUF wide-ranging investment aims lo r¢v¢rs¢ ih¢ depressed state of the
Town by increasing the number of visitors and trying to offset the ¢conomic uncertainty. ¢xa¢erbat¢d with
conlinuing effects of Brexil and the can¢ellation of larg¢-srale proj¢¢ls. Hoivever, the recent r¢vived possibilitv of
Ws'lfa Nellydd along with other businesses on the old Anglesev Aluininum site might b(M)st the ¢conomy of the
Island.
U¢h¢ldre is keeping its ¢xpenditur¢ linder carefiil review. The c4)re fill]ding provided by Anglesev County Couiicil
(ACC) and Arts Council of Wales (ACW) remains vilal lo Ucheldr¢, althou01 we still need to raise over 6￿/0 of our
income from other sources. U¢heldr¢ being retained as one of ACW'S Arts Porrfolio Wales venues ivas i'eTh'
important for our stability. and as a good marker of the confidence ACW has in us which hopefully will encourage
other fiJnd¢rs.
Poliry on reserves
Due to the large grants received for the DevelopmenL our overall Reserve has incr&gsed substantially as the
accounting rules require this to be shown as an increase in our assets as we are building new facililies. These assets
will be depr￿lated over the next 20 years. The und¢rtying operaling Costs r¢fl¢¢t¢d in th¢ Unr¢stri¢t¢d R¢serv¢ is
not so robust. The Trustees, aspiration to reserves equaling lo at least 3 monihs of the Charity's exp¢nditw¢ was last
achieved in 2008 but is no longer regiilarly wssible. The TnLSt¢es have long accepted £IOK as a realistic historica]
average given the difficulty. d¢spit¢ varioiis fund-raising initiatives, to support even its current activiti¢s. Ucheldre's
Business Plan &spir¢s lo have more robusl reserves.
Investhienlpoli(y and objeedves
Under the Memorandum and Articles of AssociatiOJL the Charity has ihe ￿Wer lo make any investment which th¢
Trustees see fit. In September 2017 the Trustees updated the Cenlre's Articles to bring its governan¢e in lin¢ with
current good practice. Any cash held for the short-lerm is placed in an int¢resl-bearing a¢¢ount.
Page 3

Strategic Report for the Year Ended 31 March 2025
Plans for fulure perlod5
Adivitiesplllnnedio achiei'e aims
Ucheldre ivill be 35 years old iii 2026. it will be a vear of celebration.
The highlight will be Ihe conipletion of the Neivbuild to make it fit for purpose for the next 35 years. The firbt full
year post-completion will be tlie development of the programine Lrtilising all the new spaces and gelling the KilLhcn
working well. We plan the usua] wid¢ range of evenls and activities with a mix of professional and amaleur
productions. 14oM'ever, the exlent of the proO￿nMe will depend upon our fundin& The progran]m¢ will be
constrained during the remaining construction phase as we work around handing over spac¢ for building work. It ts
unlikely we ivill have all spaces fvlly operational until autumn 2026.
As a reminder ihe projecL Space for 2 1st Centt]ry' Creative Well-being, w'ill incliide a..
Besp)ke Dance Studio wliich can also be used as a'mindfulnesslwell-being" Studio spa¢e allowing for work-shops
and classes in more intimate and suitable surroundings than the Main Hall, which woiild be freed to hold more
perfoniiances and screenings.
* Visual arts and crafts workshop space for practical ivorkshop activity that focuses on cliildren, schools. and adiili
activity groups, and leads onto an ouidoor garden workspace.
* New main entrance wilh improved circulation {in¢luding opening-up the Uoheldre Kitchen) and providing better
public toilets, and changing room& witl) enhan¢ed disabled facilities. including a Changing Space, and disabled
performers, friendly ￿¢¢$S platforni to the stage.
* Revamped garden area including creation of a community gardeii and making a green space including a grassed
roof to the new extension with beehives.
* New servtry ￿la relocation of the Ucheldr¢ Kitchen.
* Revamped Receptio￿ Box Office and Shop areas.
* New Green Rooni with improved back-stage facilities, and repairs to the existing building including the Main
Hall's exlerior wall to prevent waler ingress, and repair of tli¢ damaged rendering.
* New sound system and screen for the cinen
* Selethion of energy saving measures including LED lighting. air source pump for underfloor heatin& new boilers.
and PV panels on the flat r(K>f with EV points in carpark.
Ucheldre conlinues to play a very imwrtant role in the Anglesey Arts Fonun, IK)Sting the Seemor Film Festival and
facilitating the East¢r Open Siudtos. The 2024 one saw 59 locations open ih¢ir doors with around 75 artisls taking
part. Ucheldre remains a member of the Anglesey Attractions Association &s an accrediled Quality Visitor
Attraction.
ACW wntinues to be extrem¢lv supportive, and we remain extremely thankful to ACC for ils continuing support,
wiihout which we would not be able to provide the fa¢ililies we do. However, the arts se¢tor is still very mu¢h in
recovery. mode and faces many financial headwinds. Life remains difficult!
Finally, we pay tribute to the in¢r¢dible deternjination and forbearance of the Staff who have soldiered on in the
most iiihospitable conditions. Indeed, our audiences, visitors and Friends have also been v¢ry stoic and shown
fortitude in ihe everchanging la]idscape ora building site. We ILqV¢ been encouraged by their iinslinling support, and
praise, for the Project as Ihey wait in delightful anticipation of the remarkable facilities to ci)Ine.
The slralegic reporl ivas approved bv the trustees of the charity on 17 December 2025 and signed on its behalf b},:
Page 4

Strategie Report for the Year Ended 31 March 2025
LPar
Mr A L Roberts
Trust¢¢
Page 5

Trustees, Report
The trustees, who are directors for the purposes of company law, present the annual report together ivith the
rinancial sthtements and auditors, report ofihe charitable company for the year ended 31 MaKh 2025.
Trustees
Mr A Darroch
Ms S Moffat
MrsHXi
Mr A L Roberts
Ms K S Thomas
Ms S A Williams
Dr D Roberls (Resigned l NovembeT 2024)
Mrs B Francis (Resigned 9 January 2025)
Objectives and gctivilies
Public benef
The provision of a community arts centre open lo a]l.
The trustees confirm that they have complied with the requirements of scction 17 of the Charities Act 2011 to have
due regard to the public benefit guidance published by the Charity Cotnmission for England and Wales.
Strn¢¢ur¢ governance management
Naiure ofgoverning document
Ibe company's governing documents are ils Mcmorandujn and ArtiLlcs of Association.
Financial instrnments
Objedlves andpollele5
The charity's activities exN)sc it to a number of financial risks including credit risl cash flow risk and liquidity risk.
The charity does not use derivative financial instruments.
Credit r&%k
The charity's principal financial assets are bank balances and rash. trade and other T￿c1Vable&
The charity has no signifi¢ant wncenlralion of credit risk.
Statement of trustees, responsibilities
Page 6

Trustees, Report
The tnist¢¢s (who are also the directors of Ucheldre Centre for the purposes of company law") are responsibl¢ for
preparing the tnjstees, report and tlic financial statenienls in ac¢ordance i¥ith applicable law and United Kingdoin
Accounting Standards Iunited Kii)gdom Generallv Ar¢¢pted Accounting Practice), including FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trnstees to prepare finanLial statements for each financial year. Under companv law the
IrustLYs musl not approve the financial slatem¥nts unlcss Ihcy arc satistied that the), give a tTUC and fair vieiw of the
statc of affairs of the charitable companv and of thL incoming r￿llrces and applicalion of rcsourccs. including ils
incomc dnd cxpcnditure, ol- the charitable company fi)r that pcriod. In preparing these finanvial s#atcTncnts, the
truslccs rcquircd to..
select suitable accounting policies apply them consistently.
obscrvc Ihc Incthods and principles in the C.harilies SORP-
make judgeinents and cstivnales that are reasoDable and prudent;
state whether applicable accounting standards, comprising FRS 102 have been followed. subject to any material
departures disclosed and explained in ihe financial slatements- and
prepare the financial statements on the going ￿nCern basis unles5 It is inappropriate to presume that the
haritable company will continue in business.
The trustees are r¢sponsible for keeping proper accounting records thal Can disclose with reasonable accuracy ai any
lime the finawial w>sition of the cliarilable companv and enable them lo ensure that the fiiiancial staten)ents cotnply
wilh ihe Coinpanies Act 2006. Thcv are aiso responsible for safeguarding the assds of the charitsbl¢ company and
hence for tsking reasonable steps for the prevention and detection of fr￿id and other irregularities.
The trustees are responsible for tjie niaintenance and Inte￿ilY of the corporate and financial inforn)alion inLluded on
the charitable Comp￿]Y,S ivebsite. LegIsl￿10n governing the preparation and dissemination of financial slatemenls
may differ from legisl￿10￿ in other jwisdictions.
Discltssure of information to auditor
Each tr￿stee h&s taken step5 that th¢y ought to have taken as a trustee in ordcr to Tnakc thcmsclvcs awarc of any
rclcvant audit inforn)ation and io esiablish that thc charity's auditor is aware of infoTmalion. Thc trustccs
nfinn that there is no relevanl inforn]alion that thcy know of and of which they know thc auditor is unawarc.
Th¢ annual r¢port was approved by the truslees of the charity on 17 December 2025 and signed on its behalf by:
Mr A L Roberts
Trustee
Page 7

Independent Auditor's Report to the Members of Ucheldre Centre
Opinio
We have audited the financial statements of Ucheldre Centre (the 'charity') for the year ended 31 MaTch 2025, which
¢omprise the Statement of Financial Activities, Ba]ance Sheet, Siatement of Cash Flows, and Notes to the Ftnancial
Stalemenls: including a sujnmary of significa])t accounting policies. The financial reporting framework that has been
applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The
Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom
Generally Accepted Accounting Pra¢lice).
In our opinion the financial statemcnts..
give a true and lair vicw ot the stale of ihe charit) s alyairs as ai 31 March 2025 and ot its incoming resources
and applicalion of rcsourccs, including its inLI)mc and expenditure, for thc ycdr thcn ended.
havc bccn prO￿rIY prepdrcd in accordance with Uniled Kingdoin Gcnerally Acceptrd Accounllng Practice- and
have been preparcd in accordance wilh Ihe rwuircments of the Companies ALI 20U6.
B45is for opinion
We wnduLt¢d our aiidit in accordancc with Intcrnational Siandards on Auditiiig OJK) (JSAs (UK)} applicable
law. Our responsibilities under ihosc St￿dards arc turther described in thc auditor responbibilitics for the audil of
the fina]Icial stat¢m¢nts section of our roport. We are indepcndcnl of th¢ charity in accord￿ce with ihe ethical
rcquir¢menls that are relcvant to our audii of the financial statements in the UK, including the FRC"'s Ethical
StandarLt and ive have fulfill¢d our other ethica] responsibililies in accordancc ivith these requirements. W¢ b¢lityve
Ihal the audtt evidence we hai'¢ obtained is sufficient and appropriate to provide a basis for our opinion.
Con¢lu$ions relating to going concern
In audiling the financial statements. we have concluded that the tr￿Ste¢S use of the going concern basis of acwunling
in the preparation of the financial statements is appropriale.
Based on the work we have perfonned, we hav¢ nol identified any material uncertainties relating to ¢vents or
conditions that. indii'idually or collectively, may cast s1¥mifi&￿t doubt on the ¢harity's ability to continue as a going
concern for a period of at least tsvelve monihs from when ihe original financial statements were authorised for issue.
Our responsibilities and the res￿)nSIbilItIeS of ihe trustees with respect to going concern are d¢s¢ribed in the relevant
sections of this rewrt.
Other iDforniAtIo
The tn]stees rcsponsible for the other Anfornmtion. The other inforniation comprises the inbrniation included in
the annual rcport, othcr than the financial slatcments and ow audilor's rcport thcreon. Our opinion oil the tinancia]
statements docs not covcr the other infomation and, cxcept to the extent othcThs'isc cxplicitly staled in our rcwrL we
do not expre￿ any lorrn of assurance conclusion ihcTCOn.
In conncction with our audil of thc fmancial slatemenls, our rcspoT]sibility is to read thc uthcr inforniation and, in
doing so, consider whether thc othcr intom]ation 18 malerially inLonsistcnt with th¢ finanLial statements or our
knowlcdge obtained in the al￿1t or othcrnisc ap￿2rS to bc mdterially misstated. If wc idcntifv such m￿eTial
inconsislencies or apparcnt material misslatcmcnts, we are required to detcrmine whether Ihcrc is a material
misstatemenl in thc fu)an¢ial siatemenls OT a matcrial misstalement of the othcr intorniation. Jr, based on the work
we have performed. we ¢onclude that there is a material misstatement of this other inforn)alion, we ar¢ required to
rcwrl thai fact.
We hav¢ noihing to report in this regard.
Page 8

Independent Auditor's Report to the Members of Ucheldre Centre
Opinion on other matter prescribed by the Companies Aet 2006
In our opinion, based on Ilie work Lindertaken in Ih¢ wurse of the audit:
the inforn)ation given in the Strategic Rewrt and Trustees, Report for the financial year for ivhich the financial
statements are prepared is consistent with the financial statements. and
the Strategic Rqx)rt and Trustees, Report have been prepar￿ in accordance ivith applicable legal reqiiirements.
Malters on w,hich we #re required to report b), ex¢¢p¢ion
In the lighi of i)ur knowlcd¥c dnd undtirstdnding of thc charity and it8 enwironmeiil obtiined in thc course of thc
audit, M'e have nol idenlificd Inalcridl misstatcmcnts in thc Strategic Repori and ihe Trusl¢cs' Rcport.
W¢ havc nothing to rcFX)rt in r￿pect of the following matters where thc CompaT]ics Act 2006 requir&s u8 to report lo
you if, in our opinion=
adequate accounling ￿COrdS have not been kept, or returns adequate for our audit have not been received from
branches not visiied by us. OT
the financial slalemenls are nol in agyeement with the accounting records and r¢lurns' OT
certain disclosures of trustees reinuneration spe¢ifi¢d bv law are not made. or
w¢ have not received all the information and explaiialions we requir¢ for our audit.
Rtspomsibilities of trustees
As explained more fully in the Siateinent of ￿]steC$, responsibilities (set out on page 6 and 7), the trustee8 are
reswnsible for the preparatioii of the financia] statements and for being salisfied that they give a true at]d fair iiiew,
and for su¢h inlerna] control as the trustees determine is nece8S8ry to enable the preparalion of financial sL￿ementS
that are free from maleria] misstalemenL whether due lo fraud or emyr.
In prcparing the financial statements, Ihe trustees are responsible for assessing the charity's ability to continue as a
going concLm, disclosin& as applicable. matters related to guiT]g u)nLcrn and using the going con¢em basis of
aLLounting Lmlcss thc trustees either intend io liquidate the charily ur io opcrations, or have no realtstic
altcrnativc but to do so.
Auditor responsibilitie5 for the audit of the finAn¢ial statements
Our objectives are to obtain reasonable assurancc knut whcthcr tho financial statements as a wholc are free from
material misslalement. whether duc to fraud or uror, and to issu¢ an auditor's re￿rt ihat includes our opinion.
Reasonable &88urance is a high level of assuranc¢, but is not a giiarantce that an audit conducted in accordance with
JSAS (UK) will always deteci a material misstatement ivhen it exists. Misstatements can arise froni fraud or error
and are considered material if, individually or iii the aggregate, they could r¢asonably be expected to influence the
e¢onomi¢ decisions of users taken on the basis of these financial stat¢m¢nts.
The extent to which our procedures are ¢apable of delecling irregularities, including fraud is detailed below:
Pag¢ 9

Independent Auditor's Report to the Members of Ucheldre Centre
We consider¢d the nature of the charity's induslry and control environment and rei'iewed policies and pro¢edures
relating to fraud and compliance with laws and regulations. We also enquired with manageinent about their
identification and assessment of the risk of irregularities.
We communicated amongst the audit team areas t]￿t may exist within the organisation for fraud or non•complian¢e
with laws and regulations. Where we considcrcd the risks identified may have a material elTect on thc fiiiaiicia]
8talem¥nts ur opcrations of. the ¢lidrity* audit procedures were carricd out. To address the risks idetrtified we
discuyscd ￿ttCr3 iyith key manag¢mcnt ￿]d rcviewed documenlalion whcrc available.
In ¢oinmon with dll aiidits uiider ISA'S (UK) 14'c arc also required lo pcrforn] spccific procedures to rcspond to the
risk of fraud and crror throu￿] managemenl OVCTridc of controls and in responyc wc incorporated t¢.qling of journal
entri￿ iviihin the main accoiinting qs'stein and the manual cntries made in the clicnt financia] reporting s>'51cm.
A further description of our respnnsibilities is availabl¢ on ihe Financi&l Reporting Council's ivebsitc at:
www.frs.org.uk/auditorsresponsibilities. This description forins part of our auditor's report.
Use of our report
This report is made 501ely to the charitable company's Iruslees. as a body, in accordan¢¢ with Chapter 3 of Part 16 of
the Cijmpanies Act 2006. Our audii work has been undertaken so ihal we might state to th¢ charity s trustees those
matlers we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
pern)itted by law, we do not accept or assume reswnsibilily to anyone other than the Charitable company and its
trustees as a bthJy> for our audit work, for this reporL or for the opinions we have fornie
Andrcw Lrastnus Bsc FCA (Scnior Statutory Auditor)
For and on bchalf of Aslon Hughes & Co, Statutory Auditor
Selby Towers
29 Princes Drive
Colwyn Bay
LL29 8PE
17 D¢c¢mber 2025
Page 10

Statement of Financial Activities for the Year Ended 31 March 2025
(Including Income and Expendltur.e Account and Statement of Total Recognised Gains and
Losses)
Total
2025
Totsl
2024
Unrestricted
Restricted
Nots
Income and Endowments from:
Donations and legacies
Charitable a¢tivities
Investment income
260,384
94,408
4.762
2,622.114
2,882.498
94,408
4,762
,665,884
79,348
2,811
Total In￿me
359,554
2.622.114
2,981,668
1,748,043
Expenditure on:
Charitable activities
(329.849)
(18,708)
(348,557)
(346.412)
Total Expenditure
(329,849)
{18.708)
(348.557)
(346,412)
Nct incomc
29.705
2,603,406
2,633,111
1,401,631
Net movement in funds
29,705
2.603,406
2.633,111
1.401.631
Reconciliation of funds
Total funds brought fonvard
(4,035)
1.473,431
1,469,396
67,765
Toiaj fimds carried forward
18
25,670
4,076,837
4,102,507
1,469,396
All of the charity s activities deTive from ¢ontinuing operations during the atx)ve Iwo periods.
Ihe funds br¢akdown for 2024 is shown in note 18.
The notes on pages 14 to 26 forn] an integral part of th¢sc finan¢ial ststements.
Pagell

(Registration numb¢r: 02621963)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible asscts
12
3,965,199
1.481,384
Current assets
Stocks
tlebtors
Cash at bank and in hand
13
14
15
3,399
35,285
318,089
4.742
63,314
311,022
379,078
356.773
Credltors: AmoMDt5 falling due withln ont year
Net eurrent assetsl(liabilities)
Net assets
16
(219,465)
(391.066)
137,308
(11,988)
4,102,507
1.469,396
Funds of the charity:
Restricted ineome funds
Restricted funds
4,076,837
1.473.431
Unrestricted income thnds
Unrestricted funds
25.670
(4.035)
Totgl funds
18
4,102,507
1,469.396
Th¢ financia] statements on pag¢s I I to 26 were approved by the trustees, and authorised for issue on 17 December
2025 and sIw￿d on their behalf by..
Mr A L Rob¢rts
Truste
The notes on pages 14 to 26 forni an integral part of thcse financial slatem¢nts.
Page 12

Statement of Cash Flows for the Year Ended 31 March 2025
2025
2024
Note
Cash flows from oper*ting gclivities
Net &gsh income
2,633,111
1.401,631
Adjustments ¢0 cash flows from non-casb items
Depreciation
Investment income
9,435
(2,811
,408,255
(4.762)
2,628,349
Working c*pit*l adjustments
Decrease in stocks
Decrease/(increa8e) in debtors
(Decreaseyincrease in creditors
(Decr&9se}fincrease in deferred In￿Me
13
14
16
1,343
28.029
{95.288)
176.313
io
(30.195)
274,471
44,979
Net cash flows from operating activities
Cash flows from investing a¢¢ivities
Inter¢st receivable and similar income
Purcha8e of Lthgible fixed assets
2,486,120
1,697.520
4,762
2,483,815)
2,811
(1,461,384}
12
Net flows from investing activities
Net increase in cash and cash equivalents
2,479,053)
(1.458,573)
7.067
238,947
Cash and th equivalents at l April
Cash and ￿ equivalents at 31 March
311.022
72,075
318,089
311.022
All of the cash flows are derived from continuing operations during the above two p¢riods.
The nofrs on pages 14 to 26 forni an integral part of thes¢ financial statements.
Page 13

Notes to the Financial Statements for tbe Year Ended 31 March 2025
I Chxrity status
The charity is liinited bj, guarantee, incorporaled in Engla]id & Wales, and consequentlTr does noi have share capital.
Ea¢h of ihe trustees is liable to contribute an aniounl not exceeding £1 towards the assets of the ¢harity in the event
of liquidation.
The address of its registered offic¢ is:
Millbank
Holyhead
LL65 ITE
Tliese finanGia] stateiyjents were aiithorised for issue by the trustees 011 17 December 2025.
2 A¢eoull¢ing policies
Summary of significant accounting policies key actounting estimates
The principa] accounting policies applied in the preparation of thes¢ financial statements are set out below. These
policies hav¢ been consistently applied to all the years presenleil: unless otherwise sialed.
Statement of compliance
J'he financial ststements hai'e been prepared in accordance with Accounting and Reporting by Charities- Stateinent
of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities
SORP (FRS 102)), the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) and
the Companies Act 2006.
B#sis of preparation
Ucheldre Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless othenvise stthed in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charit> s ability to continue as a going
concern nor any significant areas of uncertainty that affect thc carrying value of assets held by the charity.
ltttome and endowm¢nt$
All incom¢ is recognised on¢¢ the ¥harity has eTktitl¢ment to the income, it is probable that the income will be
received and th¢ amount of the incom¢ re¢eivable can be m¢aswed reliably.
Dona¢ions legacies
Donations ar¢ recognised ivhen ihe charity has been notified in ivriting of both the amount and settlement date. In
the event that a donation 18 subje¢t to conditions that require a level of performanc¢ by the charity before the charity
is entitled io ihe fvndg, the in¢ome is deferred and nol reco￿]Sed until either those conditions are fully met. or the
fulfilment of those conditions is wholly wiihin the control of the charity and it is probable that these condilions will
be ￿lfilled in the rqx)rting period.
Page 14

Notes to the Financial Statements for the Year Ended 31 March 2025
Gr¢m¢s receivable
Granls are recognised when the charity has a]1 cntitlement to ihe fimds and any conditions linked lo the graiits I￿ve
been m¢t. Where perforn)an¢e conditions are attached to t]ie grant and are vet to be met, Ihe income i.q recognised as
a liability and included on the balance sheet as deferred iiicome to be rel¢as¢d.
Delernedineome
DefeTred income represents an)ouiits received for future periods and is released to iiicoming resourccs in the period
for which, it has been received. Sucli income is onlv deferred when:
Th¢ donor specifies that tlie grant or donatioi) must only be used in fiiture accounting periods. or
- The donor has impobed conditions ii'hich Inust be mel before the charity has unconditional entitlement.
Expenditure
All &ipenditure is r¢¢ognis¢d on¢e Ihere is a legal or Lonstructive obligation to that expendilure, it is probable
settlement is required and the amounl be measured reliably. All costs are allocated to the applicable ex[￿ndIt￿re
heading that aggregate similar costs to ihat Category. Where cosls &9nnot be directly attribirted to particular headings
they have been allocated on a basis consistent with the use of resources, with central staff c4)sts allocated on Ihe
basis of time spent, and dep￿latIon Charges allocated on the wrtion of the assel's use. Oih¢r support costs are
allocated based on the spread of staff cosls.
Cliorilable adiviiies
Charitable ¢xpendiliw¢ comprises those costs incurred by the charitTr' iii the deliverv of its activilies and services for
its ben¢fi¢iaries. It incliides both costs that can be allocated direcily to siich a¢livilies and Ihose costs of an indirect
nattire nece&8ary to sup]x)rt Ihem.
Govern*nte costs
These include ihe ci)sts attributable to the charity's compliance with constitutional at)d statutory requirements.
including audiL strategic management and trustees me¢tings and reimbursed expenses.
Government grants
Governm¢nl grants are wognised based on the accrual model and are ffleasur￿ at the fair value of the asset
received or receivable. Granls are classified as relating either to revenue or to 8ss¢ls. Granls relating lo revenue are
reeognised in incom¢ ov¢r th¢ period in which the related costs are recognis¢d. Granls relating lo assels are
rewgnised over the ¢xpethed useful life of the asset. Where part of a gratlt relating to an asset is deferred, it is
re¢ognised as defe￿ed income.
Taxation
The ¢harit>' is considered to pass the tesls set out in Paragraph I Schedule 6 ofjthe Finance Act 2010 and tlierefore it
meets ihe definition of a charitable conipany for UK corporation t&x purposes. A¢cordingl}', the charity is poteiitially
exempt from taxation in respect of incoinc or capitsl gai¥]s received wiihin ¢al¢gories covered b), Chapter 3 Part I I
of the CorrK)ration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that
siich income or gains are applied exclusively to charitable piirposes.
Tangible fixed assets
Individiial fixed assets costing £IO.000.00 or more are initially recorded at cost.
Page 15

Notes to the Financial Statements for the Year Ended 31 Mareh 2025
Depreeiation and AmorSis*tion
Depreciation is provided on tangible fix¢d assets so Is to writ off the cost or valuation once the assct is broil￿¢ into
use, less any estimaled residual value: over their expected usefiil economic life as follows:
A&set Class
Land & buildings
Furniture and cquipment
l-,urniturc and equI￿￿ent - audio and visua] cquipment
Depreciation metbod and rate
5 /0 on cost
250/kn reducing balance
33.330/0 Straight line
Stock
Siock is valued ai Ihe loivcr ot cost and eslimatcd sclling price less cosls to complctc and %ell, aftcr duc rcgard for
obsolctc and slow moving stocks. Cost is deiermincd using the tirst-in. firsl-out (fiFO).
Trade dtbtors
I"rad¢ debtors are amounts due from customer5 for m¢￿handise sold or services perforn)ed in the ordinary course of
buslness.
Trade debiors are recognis¢d iniliall), al the transaction price. They are subs¢quenily measiired a¢ amortised cost
using the effective interest method, less provision for impaimenl. A provision for the impairnieiit of trade debtors is
established H,hen there is objective evidence that the charity will not be able to colleth all amounts due acwrding lo
the original ternis of t])e receivables.
Cash aDd eash equivalents
Cash and cash cquivalents comprise cush on hand and call dcposits, and other shorl-terni hI￿]Y liquid investments
that are readily Lonvcrtible to a known amount oft.cash and are subj¥L* to an insignificant risk of change in value.
Trade ereditors
Trade crcditors are obligatiOT]S to pay for goods or scrvices that have been acquired in the ordinary course of
busine55 from sw)pliers. Accounts payable are classificd as current liabilitics if the charlty Ik)cs not have an
condilional right, at the end of the re￿rting period. to defer scttlcmenl of ihe creditor for at least Iwelve months
afi¢r Ihe reporting date. If there is an unconditional right to defer Kt¢lcm¢nt for at least twelve months after th¢
reporting date, they are presented as nonvCur￿n¢ liabilities.
Trade creditors are rxognised initially at the Iransaction price and subsequenily m&gsured th amortised cost using
the eifeclive interest meihod.
Pag¢ 16

Notes to the Financial Statements for the Year Ended 31 March 2025
Foreign exchange
Transactions in foreign currencies are recorded at the rat of exchange at the date of the transaction. Monetary assets
and liabilities denominaied in foreign currencies ai the balance sheet date are reported al the rate8 of exchange
prevailing at that date.
The results of overseas operalions are translated at the ai'erage rates of exchange during Ihe period and their balance
sh¥cts at thc ralcs ruling at the l)alanLc shcet datc. Exchang¢ diIferen¢cs arising on tTanslalion ol th< opcning net
asscts and results oft- overseas operations arc reported in other Lornprchcnsive income and accumulatcd in eqiiity
(attributed to non-Cl)nlrolling intcrcsts as appropriate).
Othcr cxchange differences are rccogniscd in the Statemenl of Financial Activities in the period in which they arise
¢xccpt for..
l) exchange differences on tran8aclioT]s evrtered into lo hedge certain foreign Curren￿ risks (see above);
2) ¢x¢hange differences arising on gains or losses on non-monctary items which are recognised in other
compr¢h¢nsiv¢ in¢ome' and
3) in the ￿¢ of lh¢ consolidated financial slalemenls, exchange differences on nionetary ilems receivable from or
payable lo a foreign operation for ivhich settl¢menl is neither planned nor likely lo occur (therefore forinino part of
the T]et inv¢slm¢nt in ihe foreign operation), i¥hi¢h are recognised tn othcr comprehensive income and rewrted
under equity.
Fund structure
UnTcslricted income fimds arc general funds th￿ arc available for use ￿ the trustee's discretion in furtherance of the
obje¢tives uf Ihc LhaTit)'.
Restricted inLome funds UTC those donated for use in u purtiLU1￿ ar￿ or for specifiu PUTPOSC4 thc use of which is
rcstricted to ihal area or purposc.
Financial instruments
Classificqlion
Financial assets and financial liabilities are recognised when the charity becomes a paty lo the contractual
provisions of the instrument.
Financtal liabilities ar￿ equity instruments are classifjed according to the substance of the Contra￿Val arrangements
entered into. An eqiiity instnjment is any contract that evidences a residual interest in the assets of the charitv after
deducting all of its liabilities.
Page 17

Notes to the Financial Statements for the Year Ended 31 March 2025
Recognilion alldmeasurenienl
All financial &ssets and liabilities are initially measured al transaction price (including transaction costs), except for
those financial assets classified as at fair value through profil or loss which are iniliall>' measured at fair value
(which is normally the transaction priLe cxcluding transaclion costs), unlcss the aTrangem¢nt iunstilutes a tinancing
transaclion. If ￿ arrangement constituics u financing transaction, the fIn￿claI asset ar financial li￿1b1]itY is incasured
at the prescnt valuc of the tuture payments discounted at a market rai¥ of intcrcst for a similar debi instruJncnl.
Financial assets and liabilitics are only offset in th¢ stat¢ment of financi￿ pK)sition when. and only when thcrc exists
a legally enforceablc right to ￿t off the r¢cugnisod amounts and the charity intends either to settle on a T]et basis, or
to r¢ali% Ihe asset and settle the liability simultsiieously.
Financial assets are derec0￿]Sed when and only when a) the wntraclual rights to the ¢ash tlows from the financial
asset expire or are settled, b) th¢ ¢harity transfers to another part}, substantially all of Ihe risks and rewards of
ON￿erShIp of the fiiia]icial asseL or c) the charity,: despite having relained some, but not a]I, significant risks and
rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharge(L ¢an¢elled or
expires.
Fair value measurement
The best evid¢ncc of fair value is a qu()ted price for an identical &&set in an active market. When quoled prices are
unavailable, Ihe pric¢ of a r￿en1 transaction for an identi￿1 asset proi'ides eviden¢¢ of fair va]ue as long as there
has not been a signifi¢ant change in economic ¢ir¢iimslances or a significant lapse of lime since the transaction look
place. If the market is tKIt aclive and recent transactions of an identical assct on their own are not a good estiinate of
fair value, the fair valu¢ is estimated by using a valuation lechnique.
Page 18

Notes to the Financial Statements for tbe Year Ended 31 March 2025
3 Income from donatlons And legacies
Unrestricted
funds
General
Restritted
funds
Tolal
funds
Donations and legacies"
Donations from individuals
Grants, in¢luding capilal grants.
Government grants
Grants from other charities
63,583
63.583
22,355
174.446
2,622.114
2.6M.469
174,446
Total for 2025
260,384
2.622,114
2,882,498
Total for 2024
137.556
1.528,328
1,665,884
4 IDeome from charitable activities
Unrestricted
fund5
General
Total
funds
Shop sales
Other comtni&8ion
Centre hire
Events inc4)me
Catering
Other goods
496
1,475
20,035
54.094
15,612
2.696
496
1,475
20,035
54,094
15.612
2,696
Total for 2025
94,408
94,408
Total for 2024
79.348
79,348
S Investment Ineomt
Unrestricted
funds
GeDeral
Total
funds
Interest receivable and similar inwm¢;
Int¢r¢st r¢¢eivable on bank detK)Sits
Total for 2025
4,762
4,762
4,762
4.762
Total for 2024
2.811
2.811
Page 19

Notes to the Financial Ststements for the Year EDded 31 Marcb 2025
6 Expellditure oll ebaritable activities
Unrestricted
funds
General
Restrieted
funds
Total
funds
Note
Publicity c()sts
Purch&8es
F.vent costs
Event costs
Renl
w￿er rates
LighL heat and power
Insurance
Repairs and maintenance
Telephone and f&K
OtTice expenses
Printin& postage and slationery
CleaJJing
Management chargcs payablc
L¥gal and professional fees
Bank ¢harges
Staff costs
Governance costs
6.440
6.362
6,440
6,362
18,708
77,139
18,708
77.139
1.697
33,168
4.564
11,122
2.076
352
2.532
60J
32,977
6.530
4,740
135,044
4,51M)
1,697
33.168
4,564
11,122
2,076
352
2,532
601
32,977
6,530
4,740
135,044
4,51M>
Totsl for 2015
329,849
18.708
348,557
Total for 2024
282.081
64,331
346,412
In addition to th¢ ￿penditUre analyscd abov¢. there are also gov¢rnaTW costs of £4,500 (2024 - £5.1)00) which
r¢lat¢ directly to charitable activiti¢$. See nole 7 for further ddails.
Page 20

Notes to the Financial Statements for the Year Ended 31 March 2025
7 Anglysis of governanee and support eosts
Govtrn*nce costs
Unrestrirttd
funds
General
Total
funds
Audit fees
Audit of the financial statements
4,5(X)
4,500
Total for 2025
4,5
4.5no
Total for 2024
5,0(KJ
5,000
8 Trustees remuneration and expenses
No trustees have received any reimbursed expenses OT any other benefits from the charity during the year.
9 Staff costs
1knc aggrcgatc payroll ¢osts were as follows:
2025
2024
Staff costs during the ytar were:
Wages and salaries
P¢nsion ￿StS
133,588
1,456
131,859
1.566
135,044
133,425
The montbly average number of persons (including senior management I leadership team) employed by the clwity
duriT]g the year expressed as fvll time equivalents was as follows."
202S
Iyo
2024
Admin and support
13
13
No employee received emolum¢nls of more than £60,000 during the year.
10 Auditors, remuneratlon
2025
2024
Audit of the financial statements
4.500
5,0
Page 21

Notes to the Financial Statements for the Year Ended 31 March 2025
I l Taxation
The charity is a registered charity and is the￿rore exempt from taxation.
12 TAngible fixèd assets
Lqnd and
buildings
Furniture
equipment
Total
Cost
At l April 2024
Additions
1,496,681
2.483,815
79,626
1,576.307
2.483,815
At 31 March 2025
3.980.496
79,626
4,060,122
D¢pr¢ciatio
At l April 2024
15.297
79,626
94,923
At 31 Marth 2025
15297
79,626
94.923
Net book value
Ai 31 March 2025
3.965,199
3,965.199
At 3 l March 2024
1,481,384
1,481.384
13 Stock
2025
2024
Stocks
3.399
4,742
Page 22

Notes to the Financial Statements for the Year Ended 31 March 2025
14 Debtors
2025
2024
Trade debtors
Prepayments
VAT recoverable
Other debtors
4,364
1,144
26,582
3,195
3,893
960
20,646
37,815
35,285
63.314
15 Cash and casb equivalents
2025
2024
Cash on hand
Cash at bank
1,388
316,701
1,779
309,243
318,089
311,022
16 Creditors: amounts falling due within one year
2025
2024
Trade credttors
Other taxalion and social security
Other creditors
Accruals
Deferred income
205,784
4.330
273,022
1,878
9,350
39,852
76,313
391.066
219,465
Page 23

Notes to the Financial Statements for tbe Year Ended 31 March 2025
17 Commitments
Capital commitments
At the balance sheet date, the charity had committed to significant capita] expenditure in relation to the Ucheldre
Arts C¢ntre expansion and the ¢r¢ation of Space for 21st Century Creative Well-being project. The total
commilm¢nts in respect of this work are £5.29m, with £3.95m of these costs being incU￿¢d up to 31 March 2025.
The lotal amount contracted for but not provided in the financial statements w&% £1,340,000 (2024- £3,830,000).
18 Funds
Balanct at I
April 2024
Incoming
resources
Resourees
expended
Balanet *t 31
March 2025
Unrestrtcted funds
General
Unrestricted fund
(4.035)
359,554
(329.849)
25.670
Restricted funds
Islc of Anglesey County Council
Lcvclling Up Fund
ACW IA)ttery - D¢velopment of
Centre
Cr¢ating Sunshine
Isle of Anglesey County Council -
Transforniing Towns Place
Welth Government - Space for 21
Century Wellbeing
Welsh Government
1.142,793
2,077,833
3,220,626
318,591
12,048
194,282
512.873
(6,660)
(18.708)
49,999
49,999
280,666
19.334
280,666
19,334
Totgl restricted funds
.473,432
2,622,114
(18,708)
4,076,838
Total funds
1,469,397
2.981.668
348,557)
4,102.508
Balance It I
April 2023
Resources
expended
Balance at 3]
March 2024
resources
Unrestri¢t¢d funds
General
Unrestricted fund
58,331
219,715
(282,082)
(4,036)
Pag¢ 24

Notes to the Financial Statements for the Year Ended 31 Ivlarch 2025
Bxlanet at I
April 2023
Incoming
resources
Resources
expended
Bal*nte #t 31
Mareh 2024
Restrltted
Filming - visuauaudio equipment
Isle of Anglcscy County Council
l£velling Up Fund
ACW Lotiery - Development of
Cenlre
Creating Sunshine
9,434
(9,434)
1,142,793
1.142.793
318,591
66,945
318.591
12,048
(54,897)
Tolal restritted funds
9,434
1,528,329
164,3311
,473,432
Totsl ￿ndS
67.765
1,748,044
(346,413)
1,469.396
Rcstrictcd capital grants from Isle 0[An￿e5cY County Council, Arts Council Wal&s. and the Welsh Governmcnt for
Thc Ucheldre Centre expansion and thc crcation of Spacc for 21st Century Creative Well-being project w¢
rec¢ived in the CUTrenl yvar and previous year. At the balaTEce sheet date this work is still ongoin
The c￿ating Sunshine grant enables the Centre to provide events frce of charge for the benefit of the public. Further
fi]nding has been secured in the year to 31 March 2026 in relation to this project.
Page 25

Notss to the Financial Statements for the Year Ended 31 Mareh 2025
19 Analysis of net assets between funds
Unrestricted
funds
General
Total funds at
31 March
2025
Restricte41
funds
Tangible fixed assets
Currcnt assets
L￿rrent liabilitie
20,000
27.221
(21,552)
25,669
3,945,199
329,552
(197,913)
4,076,838
3,965,199
356.773
(219.465)
Total nct asscts
4,102.507
Unrestricted
funds
General
Total funds at
31 March
2024
Restricted
funds
Tangible r￿ed assets
Current assets
Current liabilities
20,000
290,717
1314,753)
1,461.384
88,361
176,313)
1,473,432
1,481,384
379,078
(391.0661
Total net assets
(4,036)
1,469,396
20 Analysis of net funds
At l April
2024
At31 March
2025
Cash at bank and in hand
311.022
311.022
Net debt
311.022
At l April
2023
311.022
At31 March
2024
C&8h at bank and in hand
311,022
311,022
Nel debt
311,022
311.022
21 Related party trallsactions
During the year the ¢harity made the following related party transactions:
M Gould
(M Gould is ihe secretary of the charity.)
During the period management fees totalling £32,977 were charged to the charity (2024.. £33,000)
An unrestricted donation of £60,000 was received by the charity during the year from the related party. At the
balance sheet date the amount due tolfrorn lo M Gould wa8 £Nil (2024- £24,170).
Page 26