**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.
1
**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.
2
**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
3
**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
4
**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.
5
**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
6
**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.
7
**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.
8
## **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|
|---|---|---|---|
9
## **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|
10
## **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|
|---|---|---|---|
11
**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)|
12
**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|
|---|---|---|---|---|
13
**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.
14