## **Charity Registration Number: 1073029 Company Registration Number: 3422216**
## **CELF O GWMPAS**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **CELF O GWMPAS**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **CONTENTS**
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 2024**
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 2024.
## **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 sustained delivery of its regular art and craft classes and art tuition courses for adults with learning disabilities and the children and young people’s Saturday Art Club (Clwb Celf) throughout the year, both of which continue to be well attended. A series of sessions facilitated by Radnor Wildlife Trust, as part of the offer to adults with learning disabilities, culminated in a celebratory outdoor art session at the Elan Valley, which was much enjoyed. As a result of this success, Radnorshire Wildlife trust approached the charity with plans for a three year collaborative project.
A new monthly children’s sewing class has been introduced to the programme in direct response to demand from local young people eager to learn simple sewing techniques and how to repurpose and recycle old items of clothing.
Exhibitions at both Centre Celf and Stiwdio Celf o Gwmpas during the year have promoted the work of the Artists Network members, Clwb Celf, Rhos Pastures, a local quilting group, Llandrindod Art Club, individual artists Jane Titley and Sally Bowman and a photographic exhibition by Shropshire Inclusive Dance.
Involvement with the community included events at Trefonnen School, the launch of a free Open Studio once a week at Centre Celf, and continued support for Welsh language courses, Mid Powys Youth Theatre and various local groups through room hire and lettings.
An in-depth feasibility study into an offer of work with those affected by dementia took place over a four-month period, involving representatives from Dementia Matters, the local hospital and other health professionals. Following previous success in this area, we hope to offer taster sessions as an introduction to more regular activities, delivering tangible mental health benefits to those who attend, either as patients or carers.
Following a successful funding application through the Arts Council of Wales Create fund for Business Development, we were able to advertise and recruit a Development Manager who took up post on 1st April 2024. With trustee board numbers remaining constant throughout most of the year and interest from a potential new trustee towards the close of the year, the charity is well placed to deliver on its aims as set out in the business plan.
## **Financial Review**
income in the year was £124,268 compared to £68,693 in 2023. Expenditure also increased in the year to £106,384 compared to £73,044 in 2023.
Net income for the year was £17,884 compared to net expenditure of £4,351 for the previous year. The net movement in funds was net income for restricted funds of £9,682 (2023 – net income £6,572) and net income for unrestricted funds of £8,256 (2023 – net expenditure £10,923). 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 2024 were £9,911 (2023 - £9,069). The Trustees have designated funds received from Radnor Fringe of £5,610 to a fund that supports various projects including the new children’s monthly sewing classes. Designated Funds at 31 March 2024 were £5,194.
## **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 2024**
## **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:
- Developing an offer of an arts service for people living with dementia, based on the findings of our feasibility study, working closely with local organisations and agencies;
- Sustaining our arts workshops and art tuition for adults with learning difficulties as a regular item in our programme and providing exhibition opportunities for participants;
- Continuing and developing our term-time Saturday Art Club for children aged 3-16 and provision of summer holiday arts experiences in collaboration with other organisations;
- Pursuing engagement with hard-to-reach children and young people through liaison with the Youth Detachment Team and taster sessions;
- Development of a programme of events at Stiwdio Celf, providing opportunity for local artists to engage with the public through residencies, display and merchandise;
- Using the experience and expertise of our new Development Manager, explore opportunities to diversify funding and maximise unrestricted, non-grant income;
- Promoting and developing a range of community activities based at Centre Celf and out in the wider community;
- Developing community engagement through specific events and initiatives, to raise awareness of the charity and increase public engagement with the arts;
- Regular review by trustees of the charity’s assets, ensuring best use of property, staff and resources;
- ● Recruitment of a dedicated Fundraiser.
## **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 (Resigned 1 March 2024) Daniel Jones (Appointed 18 April 2024) 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
2
## **CELF O GWMPAS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **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 the opportunity to enrol in training and development to support their role.
## **Organisational Structure**
The trustees are responsible for safeguarding the assets of the charity and are responsible for making decisions 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 be 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 requires 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 16 August 2024 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 2024, 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 to be reached.
A C Jones BSc (Econ) FCA Andrew Jones & Co Chartered Accountants The Old surgery Spa Road Llandrindod Wells Powys LD1 5EY
16 August 2024
4
**CELF O GWMPAS**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME**
**Note**
Donations and Subscriptions
Charitable Activities
Other Trading Activities
Other Income
**TOTAL INCOME**
2
**EXPENDITURE**
Charitables Activities
**TOTAL EXPENDITURE**
3
**NET INCOME/(EXPENDITURE)**
**BEFORE TRANSFERS**
Transfer Between Funds
9
**NET INCOME/(EXPENDITURE) AND NET**
**MOVEMENT IN FUNDS FOR THE YEAR**
Total Funds Brought Forward
Total Funds Carried Forward|**Unrestricted**
**Funds**
**£**
883
27,679
23,441
530
52,533
44,990
44,990
7,543
713
8,256
56,069
64,325|**Restricted**
**Funds**
**£**
500
71,235
-
-
71,735
61,394
61,394
10,341
(713)
9,628
27,970
37,598|**Total**
**Funds**
**Year Ended**
**31/3/2024**
**£**
1,383
98,914
23,441
530
124,268
106,384
106,384
17,884
-
17,884
84,039
101,923|**Total**
**Funds**
**Year Ended**
**31/3/2023**
**£**
1,102
48,662
16,809
2,120|
|---|---|---|---|---|
|||||68,693|
|||||73,044|
|||||73,044|
|||||(4,351)
-|
|||||(4,351)
88,390|
|||||84,039|
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 2024**
|**FIXED ASSETS**
**Note**
Intangible Assets
5
Tangible Assets
6
**CURRENT ASSETS**
Debtors
7
Cash at Bank and In Hand
**CURRENT LIABILITIES**
Creditors Amount Falling Due Within One Year
8
**NET CURRENT ASSETS**
**NET ASSETS**
12
**THE FUNDS OF THE CHARITY**
Unrestricted Funds:
General Funds
Designated Funds
Unrestricted Funds
10
Restricted Funds
11
**TOTAL FUNDS**
12|**2024**
**£**
**£**
1,160
51,585
52,745
2,799
60,154
62,953
(13,775)
49,178
101,923
59,131
5,194
64,325
37,598
101,923|**2023**
**£**
**£**
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**
**£**
**£**
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|
|---|---|---|---|
|||||
||||84,039|
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 16 August 2024 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 2024**
## **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 used in 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
## **Income**
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.
## **Expenditure**
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 2024**
## **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.
## **Debtors**
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.
## **Creditors and provisions**
Creditors 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 2024**
|**2**
**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
Garfield Weston
Gwendoline and Margaret Davies Charity
Jacob Berriman
Tesco Groundwork UK
Hedley Foundation
David Solomons Charitable Trust
MT Gibson-Watt
Archer Trust
Postcode Community Trust
National Lottery Community Fund
Radnor Fringe
Newydd Housing Association
Ashley Family Foundation
Engage|**Unrestricted**
**Funds**
**£**
883
883
25,610
2,069
27,679
240
20,795
1,602
804
23,441
191
339
530
**52,533**
**Unrestricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
20,000
-
5,610
-
-
-
25,610|**Restricted**
**Funds**
**£**
500
500
71,235
-
71,235
-
-
-
-
-
-
-
-
**71,735**
**Restricted**
**Funds**
**£**
-
23,500
-
-
-
-
-
-
-
-
-
41,425
-
750
5,360
200
71,235|**Total Funds**
**Year Ended**
**31/3/2024**
**£**
1,383
1,383
96,845
2,069
98,914
240
20,795
1,602
804
23,441
191
339
530
**124,268**
**Year Ended**
**31/3/2024**
**£**
-
23,500
-
-
-
-
-
-
-
-
20,000
41,425
5,610
750
5,360
200
96,845|**Total Funds**
**Year Ended**
**31/3/2023**
**£**
1,102|
|---|---|---|---|---|
|||||1,102|
|||||47,315
1,347|
|||||48,662|
|||||316
12,535
3,118
840|
|||||16,809|
|||||2,010
110|
|||||2,120|
|||||**68,693**|
|||||**Year Ended**
**31/3/2023**
**£**
14,545
14,770
10,000
4,000
150
500
1,000
500
850
1,000
-
-
-
-
-
-|
|||||47,315|
Donations include restricted income of £500 received from Kiernan Structural Steel Limited.
9
## **CELF O GWMPAS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**3**
**EXPENDITURE**
**Charitable Activities:**
**Costs Directly Allocated to Charitable 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 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 Note 5)|**Unrestricted**
**Funds**
**£**
81
12,549
112
-
2,070
868
625
-
200
375
2,763
3,900
14,020
884
32
976
965
79
198
123
74
87
336
739
2,934
44,990|**Restricted**
**Funds**
**£**
2,311
24,048
417
374
1,196
10,920
14
660
-
401
2,319
9,371
2,193
337
306
369
255
467
216
8
109
129
420
2,687
1,867
61,394|**Total**
**Funds**
**Year Ended**
**31/3/2024**
**£**
2,392
36,597
529
374
3,266
11,788
639
660
200
776
5,082
13,271
16,213
1,221
338
1,345
1,220
546
414
131
183
216
756
3,426
4,801
106,384|**Total**
**Funds**
**Year Ended**
**31/3/2023**
**£**
1,474
31,257
510
-
3,248
8,780
623
270
100
542
3,833
7,048
2,638
1,432
254
999
456
455
310
124
296
286
499
2,883
4,727|
|---|---|---|---|---|
|||||73,044|
|**ANALYSIS OF GOVERNANCE COSTS**
Wages and Salaries
Printing, Postage and Stationery
Telephone
Bookkeeping Fees
Accountancy
Independent Examiner’s Fee|**Unrestricted**
**Funds**
**£**
747
99
108
-
1,680
300
2,934|**Restricted**
**Funds**
**£**
1,789
37
41
-
-
-
1,867|**Total**
**Funds**
**Year Ended**
**31/3/2024**
**£**
2,536
136
149
-
1,680
300
4,801|**Total**
**Funds**
**Year Ended**
**31/3/2023**
**£**
2,297
159
111
240
1,620
300|
|---|---|---|---|---|
|||||4,727|
10
**CELF O GWMPAS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **4 STAFF COSTS**
There was an average of 5 employees including part-time (2023- 4) during the year, whose costs were as under:
|Wages and Salaries
Staff Pension Costs
**5**
**INTANGIBLE ASSETS**
**Cost**
At 1 April 2023
At 31 March 2024
**Amortisation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net Book Value**
At 31 March 2024
At 31 March 2023
**6**
**TANGIBLE ASSETS**
**Cost or Revaluation**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net Book Value**
At 31 March 2024
At 31 March 2023|**Building**
**£**
47,000
-
47,000
-
-
-
47,000
47,000|**Fixtures,**
**Fittings and**
**Equipment**
**£**
23,091
2,959
26,050
18,619
2,846
21,465
4,585
4,472|**2024**
**£**
39,133
529
39,662
**Website**
**£**
2,320
2,320
580
580
1,160
1,160
1,740
**Gallery**
**Equipment**
**£**
1,584
-
1,584
1,584
-
1,584
-
-|**2023**
**£**
33,554
510|
|---|---|---|---|---|
|||||34,064|
|||||**Total**
**£**
2,320|
|||||2,320|
|||||580
580|
|||||1,160|
|||||1,160|
|||||1,740|
|||||**Total**
**£**
71,675
2,959|
|||||74,634|
|||||20,203
2,846|
|||||23,049|
|||||51,585|
|||||51,472|
11
**CELF O GWMPAS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **7 DEBTORS**
||||
|---|---|---|
|**DEBTORS**
Other Debtors
Prepayments|**2024**
**£**
2,652
147
2,799|**2023**
**£**
1,319
315|
|||1,634|
|**8**
**CREDITORS: Amounts falling due within one year**
Creditors
Accruals
Short-Term Compensated Absence (Holiday Pay)
Tax and Social Security
Deferred Income|**2024**
**£**
8,983
1,980
2,516
296
-
13,775|**2023**
**£**
1,551
2,400
-
-
2,750|
|---|---|---|
|||6,701|
|**9**
**TRANSFER BETWEEN FUNDS**
**The Transfer Between Funds In The Year Are:**
Transfer of funds from Unrestricted Funds to Restricted Funds
Transfer of Core costs from Unrestricted Funds to Restricted Funds|**Unrestricted**
**Funds**
**£**
(424)
1,137
713|**Restricted**
**Funds**
**£**
424
(1,137)|
|---|---|---|
|||(713)|
12
**CELF O GWMPAS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**10 UNRESTRICTED FUNDS**
**Unrestricted Funds:**
General Funds
Designated Fund
Total Unrestricted Funds|**At 1/4/2023**
**£**
56,069
-
56,069|**Income**
**£**
46,923
5,610
52,533|**Expenditure**
**£**
(44,574)
(416)
(44,990)|**Transfers**
**£**
713
-
713|**At 31/3/2024**
**£**
59,131
5,194|
|---|---|---|---|---|---|
||||||64,325|
The purpose of the designated fund is to support various projects including the new children’s monthly sewing classes.
|**11 RESTRICTED FUNDS**
**Restricted Income Funds:**
BSW Sawmill
Tuesday Groups (Formerly Art Boxes)
Animation
Postcode Community Trust
Covid 3
Tesco (R.W.T)
Gwendoline & Margaret Davies Charity
Hedley Foundation
Ukrainian Mosaic Sessions
ACW Create
Archer Trust
Living With Dementia
Trees of David Solomans
People Living With Dementia
Newydd Housing Association
The National Lottery Community Fund
Ashley Family Foundation
Engage
ACW Business Development
**Restricted Capital Funds:**
PAVO
Arts Council of Wales - 1
Powys County Council
Arts Council of Wales - 2
Gwendoline & Margaret Davies Charity
Arwain Tech
**Total Restricted Funds**|**At 1/4/2023**
**£**
500
4,145
704
297
74
785
1,142
1,000
81
10,680
1,000
850
500
-
-
-
-
-
-
21,758
232
1,124
482
1,166
1,740
1,468
6,212
**27,970**|**Income**
**£**
-
-
-
-
-
-
-
-
-
1,000
-
-
-
500
750
41,425
5,360
200
22,500
71,735
-
-
-
-
-
-
-
**71,735**|**Expenditure**
**£**
-
(323)
(691)
-
(74)
(672)
(303)
(949)
-
(11,047)
(861)
(1,274)
(452)
-
(750)
(38,952)
(2,359)
-
-
(58,707)
(232)
(562)
(241)
(583)
(580)
(489)
(2,687)
**(61,394)**|**Transfers**
**£**
(500)
(1,250)
(13)
(297)
-
(113)
-
-
(81)
(633)
-
424
-
1,750
-
-
-
-
-
(713)
-
-
-
-
-
-
-
**(713)**|**At 31/3/2024**
**£**
-
2,572
-
-
-
-
839
51
-
-
139
-
48
2,250
-
2,473
3,001
200
22,500|
|---|---|---|---|---|---|
||||||34,073|
||||||-
562
241
583
1,160
979|
||||||3,525|
||||||**37,598**|
13
**CELF O GWMPAS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
The purposes of Restricted Income Funds are:
**BSW Sawmill** - funding to provide an art workshop for people with dementia.
**Tuesday Groups (Formerly Art Boxes)** - funding to provide art sessions for adults with learning difficulties. **Animation** - funding for animation, print and paint workshops for participants with learning difficulties. **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. **Gwendoline & Margaret Davies Charity** – funding to redesign, develop and implement a new website. **Hedley Foundation** – funding to provide art sessions for adults with learning difficulties.
**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 sessions for adults with learning difficulties. **People Living With Dementia** – funding to provide art workshops for people with dementia. **Newydd Housing Association** – funding towards replacing two boilers at Centre Celf. **The National Lottery Community Fund** – strengthening our community through engagement and creativity. **Ashley Family Foundation** – funding to support artist network and Stiwdio Celf. **Engage** – funding towards children’s sewing classes.
**Arts Council of Wales Business Development** – funding to support the recruitment of a development manager.
## **12 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted Funds - General Fund
Unrestricted Funds - Designated Funds
Restricted Funds|**Intangible**
**Fixed**
**Assets**
**£**
-
-
1,160
1,160|**Tangible**
**Fixed**
**Assets**
**£**
49,220
-
2,365
51,585|**Net**
**Current**
**Assets**
**£**
9,911
5,194
34,073
49,178|**Total**
**£**
59,131
5,194
37,598|
|---|---|---|---|---|
|||||101,923|
## **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 (2023 - £Nil).
No expenses were paid to Trustees in the year ended 31 March 2024 (2023 – £Nil).
## **14 TAXATION**
The company is registered as a charity and is therefore not liable to Corporation Tax.
14