2023-03-31-accounts - Celfogwmpas

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Charity registration number: 1073029 Company registration number: 3422216

CELF O GWMPAS

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

CELF O GWMPAS

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

INDEX

Page
1 - 3	Report of the Trustees
4	Independent Examiner’s Report
5	Statement of Financial Activities
	(including Income and Expenditure Account)
6	Balance Sheet
7 - 14	Notes to the Financial Statements

CELF O GWMPAS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The Trustees (who are also the Directors for the purpose of Company Law) present their report, together with the Financial Statements of the Charity for the year ended 31 March 2023.

Objectives and Activities

Objectives of the charity as stated in the constitution are to promote the education of the public in Powys in the Arts, as participants, spectators and audience. In pursuit of these objectives the charity will have particular regard for the needs of those with a disability or long-term illness.

Activities and Performance

The charity has continued to deliver on some of its stated aims during the year and to establish regularity with its art classes for adults with learning disabilities and the children and young people’s Saturday Art Club, both of which enjoyed good attendance. A new small group session for learning disabled adults has been introduced, providing focused tuition in specific media and techniques, in response to feedback and this now runs alongside our regular Tuesday group.

Opportunities for children with disabilities was offered in the summer, and a Support Worker was recruited to provide support to unattended children wishing to join the Saturday Art Club.

The Children’s Art Club exhibition opened in May and was well attended by friends, family and members of the wider community. Further exhibition opportunity for young artists was provided through the Play Radnor exhibition which opened in March as part of our exhibition programme, which featured work by several local artists throughout the year.

Community projects in the summer included graffiti art and mandala making, collage using recycled material and making cardboard structures. Enthusiasm for graffiti art resulted in creation of a major community art piece on a local housing estate, involving residents, staff, trustees and a local councillor.

The charity continues to provide a base for Welsh language teaching and for the Md Wales Youth Theatre as well as lettings to a range of community groups and a twelve month programme of art exhibitions is planned.

The Meanwhile Spaces project was abandoned due to logistics but there has been an increase in membership of our Artists Network, two events open to the public at the Stwdio and the charity has been offering free studio space weekly at Centre Celf from January under the Warm Spaces initiative.

Following a generous grant from the Gwendoline and Margaret Davies Charity, and much hard work by staff and one of our trustees, our lovely new website was launched in March.

Our trustee board remained constant throughout the year and the charity continues to seek additional trustees to support the development of the charity following the aims set out in the business plan.

Financial Review

income in the year was £68,693 compared to £76,319 in 2022, representing a 10% decrease. Expenditure also decreased in the year to £73,044 compared to £86,511 in 2022.

Net expenditure for the year was £4,351 compared to net expenditure of £10,192 for the previous year. The net movement in funds were net income for restricted funds of £6,572 (2022 – net expenditure £311) and net expenditure for unrestricted funds of £10,923 (2022 – net expenditure £9,881). A detailed breakdown of income and expenditure is provided in the notes to the financial statements.

Reserves Policy

It is the policy of the charity to maintain unrestricted reserves, which are the free reserves of the charity, at a level which equals approximately three months’ unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs which arise from time to time. The free reserves at 31 March 2023 were £9,069 (2022 - £19,959). Since the year end the Trustees have designated £5,000 to a fund for future lighting and boiler repairs.

Investment Policy

In furtherance of its objects, and for no other purposes, the Company has the power to invest the monies of the Charity not immediately required for its purposes in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions and such consents as may for the time being be impose or required by law.

CELF O GWMPAS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Plans for the Future

The charity will continue to work towards achieving the aims stated in its business plan, monitoring progress, revising and developing these as required in response to all relevant factors. Short-term objectives identified within these aims include:

Conducting a feasibility study into the provision of an arts service for people living with dementia, building on previous work and in collaboration with local organisations and agencies;
Establishing our arts workshops and art tuition for adults with learning difficulties as a regular item in our programme;
Continuation of our term-time Saturday Art Club for children aged 3-16 and, where funding permits, provision of summer holiday arts experiences;
Engagement of hard-to-reach children and young people through liaison with the Youth Detachment Team and taster sessions;
Recruitment of an Operations Manager, to oversee the day-to-day running of the charity, and a dedicated Fundraiser to support delivery of the charity’s Fundraising Strategy;
Regular review by trustees of the charity’s assets, ensuring best use of property, staff and resources.

Legal and Administrative Information

Charity Name: Celf O Gwmpas Charity Registration Number 1073029 Company Registration Number: 3422216 Charity’s Address: Centre Celf Tremont Road Llandrindod Wells Powys LD1 5EB The Trustees during the year were: Paul Jays (Chairperson) Anne Evans Graham Haslock Louise Cartledge Josie Ewing Bankers: HSBC plc Middleton Street Llandrindod Wells Powys LD1 5EU Independent Examiner: A C Jones of Andrew Jones & Co Chartered Accountants The Old Surgery Spa Road Llandrindod Wells Powys LD1 5EY

Structure, Governance and Management:

Governing Document

Celf O Gwmpas is a registered charity and a company limited by guarantee. The maximum liability of each member is limited to £1. The Charity is governed by its Memorandum and Articles of Association.

Recruitment, Appointment of Trustees

The trustees are recruited openly through advertisement on the Charity’s website, social media and through personal contact. A CV is requested and then the candidate is interviewed by the chair and another Trustee and the appointment is then confirmed at a Trustee meeting.

Induction of Trustees

Newly appointed Trustees receive induction from the Chairperson or other trustees as appropriate. Trustees are offered opportunity to enrol in training and development to support their role.

CELF O GWMPAS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Organisational Structure

The trustees are responsible for safeguarding the assets of the charity and are responsible for making decision which relate to any major or capital expenditure and any matters of governance in order to safeguard both the professional and ethical integrity of the charity as well as its intellectual and material assets.

In the absence of an operational manager, each member of staff is linked to a Trustee for support and performance and the Chair of Trustees chairs the monthly staff meetings.

Related Parties

The charity co-operates and liaises with a number of other services, local charities and social services departments on behalf of clients. Where one of the trustees holds the position of trustee/director of another charity they may involved in discussions regarding that other charity but not in the ultimate decision-making process.

Risk Review

The Trustees have conducted their own review of the major risks to which the Charity is exposed, and systems have been established to mitigate those risks. These procedures are periodically reviewed to ensure they still meet the needs of the Charity.

Statement of Trustees’ Responsibilities

Law applicable to charities in England and Wales require the Trustees to prepare financial statements for each financial period which give a true and fair view of the charity’s financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:

a) select suitable accounting policies and then apply them consistently;
b) make judgements and estimates that are reasonable and prudent;
c) state whether applicable accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements; and
d) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business

The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with the Charities Act 1993. 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.

This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities issued in March 2005.

Approved by the Trustees on 26 June 2023 and signed on their behalf by:

P Jays Chairman

CELF O GWMPAS

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CELF O GWMPAS

I report on the accounts of the Charitable Company for the year ended 31 March 2023, which are set out on pages 5 to 14.

Respective Responsibilities of Trustees and Examiner

The Charity’s Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the Charities Act 2011;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that, in any material respect, the requirements
(a) to keep accounting records in accordance with section 386 of the Companies Act 2006 and
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 396 of the Companies Act 2006 and have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached.

A C Jones BSc (Econ) FCA Andrew Jones & Co Chartered Accountants The Old surgery Spa Road Llandrindod Wells Powys LD1 5EY

26 June 2023

CELF O GWMPAS

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note INCOME Donations and Subscriptions Charitable Activities Other Trading Activities Other Income TOTAL INCOME 2 EXPENDITURE Charitable Activities TOTAL EXPENDITURE 3 NET INCOME/(EXPENDITURE) BEFORE TRANSFERS Transfers Between Funds 5 NET INCOME/(EXPENDITURE) AND NET MOVEMENT IN FUNDS FOR THE YEAR Total Funds Brought Forward Total Funds Carried Forward	Unrestricted Funds £ 1,042 14,773 14,968 2,120 32,903 44,091 44,091 (11,188) 265 (10,923) 66,992 56,069	Restricted Funds £ 60 33,889 1,841 - 35,790 28,953 28,953 6,837 (265) 6,572 21,398 27,970	Total Total Funds Funds Year Ended Year Ended 31/03/2023 31/03/2022 £ £ 1,102 1,102 48,662 51,330 16,809 23,884 2,120 3 68,693 76,319 73,044 86,511 73,044 86,511 (4,351) (10,192) - - (4,351) (10,192) 88,390 98,582 84,039 88,390

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

The notes on pages 7 to 14 form an integral part of these Financial Statements.

CELF O GWMPAS

BALANCE SHEET AT 31 MARCH 2023

Note FIXED ASSETS Intangible Assets 5 Tangible Assets 6 CURRENT ASSETS Debtors 7 Cash at Bank and In Hand LIABILITIES Creditors falling due within one year 8 NET CURRENT ASSETS NET ASSETS 12 THE FUNDS OF THE CHARITY Unrestricted Income Funds: General Funds Designated Fund 10 Restricted Funds 11 TOTAL FUNDS 12	£ £ 1,740 51,472 53,212 1,634 35,894 37,528 (6,701) 30,827 84,039 56,069 - 56,069 27,970 84,039 2023	£ £ - 51,818 51,818 20,629 25,548 46,177 (9,605) 36,572 88,390 65,319 1,673 66,992 21,398 88,390 2022
	56,069 -

For the year in question, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the accounts.

Approved by the Trustees on 26 June 2023 and signed on their behalf by:

Paul Jays Chairman

Company registration No. 3422216

The notes on pages 7 to 14 form an integral part of these Financial Statements

CELF O GWMPAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 ACCOUNTING POLICIES

Basis of Preparation

The Financial Statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is not required to prepare a Statement of Cash Flows. The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Exemption from Preparing a Cash Flow Statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements .

Preparation of Accounts on a Going Concern Basis

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

General Funds

These funds are available for the general purpose of the charity, to be use in the accordance with the charitable objects at the discretion of the trustees.

Restricted funds

These are funds that can only be used for a particular restricted purpose within the objects of the charity. Restrictions arise when a specific donor or when the funds are raised for a particular purpose

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

The charity is fortunate in the level of support it receives from volunteers, without which considerable expense would be incurred. It is not thought meaningful or practicable to put a monetary value on this support, but the trustees are extremely grateful to those who provide it.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Charitable activities

This includes all expenditure directly related to the aims of the charity.

Governance costs

These costs include the costs of governance arrangements, which relate to the general running of the charity as opposed to the direct management functions inherent in generating funds, service delivery and programme of project work. These include such items as external Independent Examination, legal advice for trustees and the salary cost for time spent on dealing with constitutional and statutory requirements.

Expenditure by the charity in the year has been split between Unrestricted Funds and Restricted Funds and analysed between charitable activities, governance costs and the cost of generating funds.

Pensions

The charity operates a defined contribution scheme for its employees. The assets of this scheme are held separately from those of the charity, being invested with insurance companies. Pension costs charged in the Statement of Financial Activities disclosed in note 4 represent contributions payable by the charity in the year.

CELF O GWMPAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

ACCOUNTING POLICIES (CONTINUED)

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided so as to write off the cost of an asset over its useful economic life, which is considered to be 4 years on a straight line basis of 25%.

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Basic financial liabilities

Liabilities are recognised in the Statement of Financial Activities as they become payable.

Debtor

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.

Creditor and provisions

Creditor and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party at the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

CELF O GWMPAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2 INCOME

INCOME Donations and Subscriptions: Donations Income from Charitable Activities: Grants Receivable Workshop Fees Other Trading Activities: Fund-raising Income Rent Receivable and Room Hire Art Activities and Services Artwork Sales Other Income: Sundry Income Interest Received TOTAL INCOME GRANTS Grants received in the year were as under: Powys County Council Arts Council Wales Arnold Clark Autoparts Postcode Community Trust Co-op Garfield Weston Gwendoline and Margaret Davies Charity Jacob Berriman Tesco Groundwork UK Hedley Foundation David Solomons Charitable Trust MT Gibson-Watt Archer Trust	Unrestricted Funds £ 1,042 1,042 14,000 773 14,773 316 12,431 1,381 840 14,968 2,010 110 2,120 32,903 Unrestricted Funds £ 4,000 - - - - 10,000 - - - - - - - 14,000	Restricted Funds £ 60 60 33,315 574 33,889 - 104 1,737 - 1,841 - - - 35,790 Restricted Funds £ 10,545 14,770 - - - - 4,000 150 500 1,000 500 850 1,000 33,315	Total Funds Total Funds Year Ended Year Ended 31/03/2023 31/03/2022 £ £ 1,102 1,102 1,102 1,102 47,315 51,225 1,347 105 48,662 51,330 316 266 12,535 18,405 3,118 1,356 840 3,857 16,809 23,884 2,010 - 110 3 2,120 3 68,693 76,319 Year Ended Year Ended 31/03/2023 31/03/2022 £ £ 14,545 12,244 14,770 24,470 - 1,000 - 9,869 - 3,642 10,000 - 4,000 - 150 - 500 - 1,000 - 500 - 850 - 1,000 - 47,315 51,225

CELF O GWMPAS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

3 EXPENDITURE

EXPENDITURE Charitable Activities: Costs Directly Allocated to Activities: Workshop Materials Wages and Salaries Staff Pension Costs Staff Training and Expenses Cleaner and Cleaning Materials Artist and Tutor Expenses Commission on Artwork Sales Volunteer Expenses Rent Payable Water Rates Insurance Light and Heat Repairs and Garden Maintenance Printing, Postage and Stationery Advertising and Website Fees Telephone Computer and Software Costs Legal and Professional Fees Payroll Fees Bank Charges Environmental Waste Disposal General Expenses Subscriptions and Licences Depreciation and Amortisation Governance Costs (See below) Analysis of Governance Costs Wages and Salaries Printing, Postage and Stationery Telephone Bookkeeping Fees Accountancy Independent Examiner’s Fee	Unrestricted Funds £ 39 17,382 510 - 2,798 914 623 - 50 542 3,833 7,048 2,351 1,352 136 999 456 216 215 124 296 256 277 33 3,641 44,091 1,220 150 111 240 1,620 300 3,641	Restricted Funds £ 1,435 13,875 - - 450 7,866 - 270 50 - - - 287 80 118 - - 239 95 - - 30 222 2,850 1,086 28,953 1,077 9 - - - - 1,086	Total Funds Total Funds Year Ended Year Ended 31/03/2023 31/03/2022 £ £ 1,474 2,030 31,257 44,755 510 1,189 - 131 3,248 2,060 8,780 9,415 623 2,633 270 130 100 100 542 451 3,833 3,525 7,048 4,078 2,638 4,893 1,432 957 254 103 999 1,607 456 289 455 1,058 310 615 124 57 296 96 286 54 499 198 2,883 1,815 4,727 4,272 73,044 86,511 2,297 1,886 159 107 111 179 240 240 1,620 1,560 300 300 4,727 4,272

4 STAFF COSTS

There was an average of 4 employees including part-time (2022 - 4) during the year, whose costs were as under:

Salaries Staff Pension Costs	2023 £ 33,554 510 34,064	2022 £ 46,641 1,189
		47,830

CELF O GWMPAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5 INTANGIBLE FIXED ASSESTS Cost At 1 April 2022 Additions At 31 March 2023 Amortisation At 1 April 2022 Charge for the year At 31 March 2023 Net Book Value At 31 March 2023 At 31 March 2022	Website Total £ £ - - 2,320 2,320 2,320 2,320 - - 580 580 580 580 1,740 1,740 - -

6 TANGIBLE FIXED ASSETS Cost or Revaluation At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for year At 31 March 2023 Carrying Amount At 31 March 2023 At 31 March 2022	Building £ 47,000 - 47,000 - - - 47,000 47,000	Fixtures, Fitting and Equipment £ 21,134 1,957 23,091 16,316 2,303 18,619 4,472 4,818	Gallery Equipment Total £ £ 1,584 69,718 - 1,957 1,584 71,675 1,584 17,900 - 2,303 1,584 20,203 - 51,472 - 51,818

CELF O GWMPAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7 DEBTORS Accrued Income Other Debtors Prepayments 8 CREDITORS: Amounts falling due within one year Creditors Accruals Tax and Social Security Income in Advance 9 TRANSFERS BETWEEN FUNDS The transfer between funds in the year are: Transfer of costs from Unrestricted Funds to Restricted Funds Transfer of Unrestricted Funds to Restricted Funds	2023 £ - 1,319 315 1,634 2023 £ 1,551 2,400 - 2,750 6,701 Unrestricted Funds £ 2,316 (2,051) 265	2022 £ 17,504 2,899 226
		20,629
		2022 £ 5,767 2,100 1,738 -
		9,605
		Restricted Funds £ (2,316) 2,051
		(265)

CELF O GWMPAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10 UNRESTRICTED FUNDS Unrestricted Funds: General Funds Designated Fund: Stwdio Celf O Gwmpas Total Unrestricted Funds 11 RESTRICTED FUNDS Restricted Income Funds: BSW Sawmill Arts Council of Wales - Training Art Boxes Animation Covid Recovery Postcode Community Trust Covid 3 Tesco (R.W.T) Summer Trailer Art Summer of Fun Arwain Tech Website Hedley Foundation Ukrainian Mosaic Sessions ACW Create Archer Trust Living With Dementia Trees of David Solomons Restricted Capital Funds: Arts Council of Wales Tesco PAVO Arts Council of Wales - Covid 1 Powys County Coucil Arts Council of Wales - Covid 2 Gwendoline & Margaret Davies Charity Arwain Tech Total Restricted Funds	At 01/04/2022 £ 65,319 1,673 66,992 At 01/04/2022 £ 500 122 4,297 2,285 - 8,596 - 813 - - - - - - - - - - 16,613 34 127 465 1,686 723 1,750 - - 4,785 21,398	Income £ 32,903 - 32,903 Incoming Resources £ - 2,647 60 574 8,316 150 3,123 - 500 2,304 1,566 4,000 1,000 200 9,000 1,000 850 500 35,790 - - - - - - - - - 35,790	Expenditure £ (44,091) - (44,091) Outoing Resources £ - (2,320) (212) (2,155) (7,988) (8,449) (817) (28) (999) (2,107) - (2,858) - (119) (371) - - - (28,423) (34) (127) (233) (562) (241) (584) (580) (489) (2,850) (31,273)	At Transfers 31/03/2023 £ £ 1,938 56,069 (1,673) - 265 56,069 At Transfers 31/03/2023 £ £ - 500 (449) - - 4,145 - 704 (328) - - 297 (2,232) 74 - 785 499 - (197) - (1,566) - - 1,142 - 1,000 - 81 2,051 10,680 - 1,000 - 850 - 500 (2,222) 21,758 - - - - - 232 - 1,124 - 482 - 1,166 2,320 1,740 1,957 1,468 4,277 6,212 2,055 27,970

CELF O GWMPAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

The purposes of Restricted Income Funds are:

BSW Sawmill - funding to provide art workshop for people with dementia

Arts Council of Wales Training – funding for training.

Art Boxes - Funding to assemble art boxes for vulnerable people.

Animation - funding for animation, print and paint workshops for participants with learning difficulties. Powys County Council Covid Recovery - funding for core costs post pandemic.

Postcode Community Trust - funding for project and core costs post pandemic.

Arts Council of Wales Covid 3 - funding for salary and core costs post pandemic.

Tesco Groundworks - funding to provide art sessions for learning disabled adults.

Summer Trailer Art – funding for community art events.

Summer of Fun - funding for beginners drawing classes for young people.

Arwain Tech – funding to upgrade wi-fi and broadband.

Website – funding to redesign, develop and implement new website.

Ukrainian Mosaic Sessions – funding taster art sessions for Ukrainian refugee families.

Arts Council of Wales Create – funding to support Clwb Celf (Childrens art club).

Archer Trust – funding to work with vulnerable people.

Living With Dementia – funding of feasibility study to shape Celf offering to people living with dementia.

Trees of David Solomons – funding to provide art session for adults with learning difficulties.

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Funds Unrestricted Funds	Intangible Fixed Assets £ 1,740 1,740	Tangible Fixed Assets £ 47,000 4,472 51,472	Net Current Assets Total £ £ 9,069 56,069 21,758 27,970 30,827 84,039

13 TRUSTEES REMUNERATION AND EXPENSES

No remuneration directly or indirectly out of the funds of the Charity was paid or payable in the year to any Trustee or to any person or persons known to be connected with any of them (2022 - £Nil).

No expenses were paid to Trustees in the year ended 31 March 2023 (2022 – £Nil).

14 TAXATION

The company is registered as a charity and is therefore not liable to Corporation Tax.