Compony regislrolion number: 03663661 Chority registrotion number.. 1073317 Community Arts Rhayader and District IA company limited by guaronteel Annual Report and Financial Statements lof Ihe Year Endecl 31 Morch ￿22 ¥ABj2￿lFK* 1711212022 cOMPA￿lEs HOUSE #27 Community Arts Rhayader and District Contents Reference ond Adminislrolive Delai Tru51ee5' Report 2to8 statement of Trustees. Responsikilities Independent Examin*s Report ioto I statement of Firsancial Activities 12 Bolonce Sheel 13 Notes lo the Financial Stotemenls 14to29 Community Arts Rhayader and Disfrict Reference and Administrative Details Trvslees C J Allan K 8055 Pcox Hmcury M Elslef T L Mitchell JAETyler J w￿gon Unil 2 East street Enlerprise Pat* East street Rhayader Powys LD6 SER Registered Offlce The chority is incorporoted in England ond Woles. Company Reglslratton Number 03663661 Charfty Registrotion Number 1073317 Independent Examlner Mitchell Meredith knmited Chartered Accountonts The Exchange Fiveway5 Temple Street Llandrindod Wells Powys LDI 5HG Page I Community Arts Rhayader and District Trustees. Report The trustees. who ore directois for the purposes of company law. present the annual report logethei wilh the financial 5totement5 of Ihe choritoble company lor the yeor ended 31 March 2022. Governlng document The compony is o registered chority and is limited by guarantee and does not hove o shore capital. Each member ol the company undertake5 lo conlribute such amounts as may be required. not exceeding £1. Advonlage hos been loken of Section 30 01 the Componies Acl 1985 exempting the company trom Ihe requirement to show Limited in ils name. The company is gOv￿ned by its Memorandum and Arlicles of AsSOClOtion. Trustees We hove retoined our Trustees and all Trustees have contributed to the running of CARAD. We have held regular Board meetings and communicoted via phone and email if any decisions needed to be made or inlormalion shafed. I would like to thank my fellow trustees for Iheif supp(*t. staffing We storled the year wilh our adminislrolot. Nooko Tokiguchi who left us in October 2021. after the end of the furfough scheme. We wsh to thonk her for her work. We decided not to reploce her whilst the Museum was closed. with Administralion folling lo two Truslee co-directors. Our Finonce Officer. Michelle Thomos. was intermittently lurfoughed and broughl bock out al short notice lo creole budgets, financiol foreca515 Qnd colculalions to support voiiovs funding bids. Our cleaner Anita Woods was initially ￿Oughed but then left due to ill heolth. She wos replaced by Eloine Lewis. Aster Woods. our Digital ond Project5 officer has run our sociol media and webslte. She produced our regulor newsletter and ran ond designed with us our digital and other projects. We employed Luke LowTence under the Kick5tort scheme to enler some ol our collections onto specialised museum's digital management $of￿are. Thi5 wll moke them accessible to o wider public. When this conlroct finished. we were oble to continue employing him on reduced hours thanks 10 5UPP(¥t from Elon Links. We hove employed session wofkers to run wot*shops and ¢Jvlreach event5 ond lo do some maintenance work. We employed o designer. Ruby Pugh ond cfisploy volunteer coordinator and maker, Rob Hill Ibolh wth local connections,) on Short term contracts for the new Museum development. We wish lo Ihonk oll our stoff for the dedication they pul into their work and their willingne55 w￿k flexibly to respond to often unexpected clemonds or events. Poge 2 Community Arts Rhayoder and Distsicl Truslees, Report Volunteers The doy to doy running of the organisalion hos been done by Iwo Trvstees, Catherine Allan and Krysio B055 acting 0$ pro bono co dffectors. Tru51ee Peler Cox took on the logistical work needed to deal wth. sorl and move tons ol project materi015, Museum ortefoc15 ond ilems from their storage 5poce lo Ihe Theotre building and then to a new lemporory storage spoce. We have been very well sUPPOrted by olher volunteers. In 2021 22, we hod 63 volvnteers delivering around 75CKI hours of voluntary work and expertise. doing losks such as.. Admini51ration, fundioising, monogement Community lioison Museum's collections manogemenl preparation and deconstruction of items in Ihe storage space. preparation for Ihe move ond moving. help in kind re machinery. projecl support lor the Museum transformation design ond content ieseorch and collaboration, building display unils. pointing ond dispfoy creation translotion support, digital support oulreach octivity support in logistics and public engagement, slewording online presence ond oll the smoll ond lorger woys in which volunteers have helped deliver the charity'5 objectives. We hove been fortunate in ottrocting new. younger volunteer5 to help us. some of whom are new lo the area ond some who105t Ihey w(*k. Our wdence for the project. We heid regular planning and steering group meetings. Elan Links Landscape Partneiship Scheme. The pioject WOS Suspended due to Covid ond our project staff were furfoughed or left and were not replaced, with very little activity hoppening 0$ o iesull. There wos some WO￿ done by volunteers on oral history tronscribing. We held di5CL155ions as lo how lo progre55 projecl elements we were responsible lor delivering. We hove slowly reslorted Wofk. mostly on local aichiving ond colleclions digitising os well os developing oui outdoor ond online exhibitions. We odvised ond paiticipaled in the development ol and tende￿ for the Elon Links Eco Museum app. Ihe ortist'5 residencies ond the new Elon Links Creolive Fellowship. Page 6 Community Arts Rhoyader and Districl Truslees. Report Training Although maintoining sloff Iiaining hos been problematic os 'reol wodd, events. we hove taken odvantage of online cour5e5 in.. Morketing. Fvndroising skills and 'meeling the funder, events, Sociol Engogement. Project Evaluolion, Project feedbock and Cose Study writing. Meoningful Consultolion with Children ond Families. Volunleer Monogement, First Aid. Engaging with Ethnicalty Diverse Young People. Budgeting Yovr Pfojecl. Digital Policy and Plonning, Digilol Tools for Fundroising and Philonlhropy and Unlocking Our Sound Heritage, Meaningful Con5ultotion with Children ond Fomilies Wales. Engaging Ethnicolty Diverse Young People, Museums ond Neurodiversity Ne￿ork. Some ol Ihese were mulliple session courses. We have done three days of onfine 'Decolonising the Collections, training plus severol individual tolks on this subjecl. Whilsl we first thought Ihis would nol have ony relevonce lo our collections. we soon reolised Ihis was not the cose and looked forword to very informative and interesting meelings which hove odded exlro loyers lo our understanding of ond telling the story of the oreo. We have done an Active Offer course from PAVO on the vse of the Welsh Language ond embedding the Welsh Longuage in our work ond online. We've lollowed the Strengthening Yovr Govemonce course run by the WCVA during Truslee5 week. We attended an inlernotional conference 'The Silence of the Bees, a Noture Connectedness Symposium. This was signposted Io u5 by former ar115t5 in Residence. Anna ond Adri. Thi5 h05 very much influenced the design of our ecological and noturol wot1d engagement projects. looklng ahead The Museum devdopment will create a visilor ottraction. which is more relevant and inlere51ing lo o wder ronge of y1￿1￿s. We ore continuing our online activilie5 and will be wnning wholever in person activities we ore able to, in line wth the cvrrent coronavinjs njles and safe praclice. We ore also looking fotward to creating our educotiorKJI wogromme ovei the next year. Our outdoor space wll continue to be developed to provide on exlro exhibition area and themed recreotion locility for the community. We will have new project Officers for our work with Elon ￿nkS Londscope Portn￿ShIp and look forword lo resuming o ronge of community events and arts projects around the Elon Volley and making links with Birmingham Midlands Arts Cenlre ond Aberystwylh University. We will be seeking funding lo find stoff lo ensvre o smooth succession. new ideas ond creotive input ond ollow Trustee direct￿ lo concentrate on their govemance. We ore octively looking lo engage younger volunteer5 ond Trustees. We ore olso looking at how we can piovide role5 for some of our older. longstanding volunteers who moy not be oble lo toke up the roles they filled in the past. One ol the woys is os 'expert guides, who would look after the displays. talk to VISIt￿ 05 well os sil ond notler with a friend. Page 7 Community Arts Rhayader and Dislricf Trustees. Report We ore octively looking to engage younger volvnteers ond Tnjstees. We continue to be advocates for Rhayader and District to local ond notionol govemment. Thi5 is an oreo which, becouse of its rurol locolity. scottered populotion ond the lock ol media coverage ol events, is often invisible when il come5 to services. Iransport and cultural support. The unique voice of njrol mid Wales. which hos so mvch to olfet Woles 05 0 notion, is rorely heord notionolly. Thi5 invisibility conceals Ihe hidden poverty. isolation and ill heolth that many live with. 11 also leads to a feeling of disempowerment ond disenfranchisement. Our cultural and community engogement WO[* brings significant funding and other benefit into the orea via partnership project5 which would nol happen without our FXJrticipation. Funders Finally. we would like to thank our lunders menkn'oned later in this reporl for investing in our work and for the sUPPOrt they hove given us. Without them. we would not be able to deliver the benelils to our community Ihal CARAD'S project w¢yk brings. The annual report was approved by the twslees of the charity on 7 Decernber 2022 ond signed on ils beholf by- C J Allon Trustee Poge 8 Community Arts Rhayader and Dislricl Slalement of Trustees. Responsibililies The Iwstees Iwho ore also the direclors of Community Arts Rhayader and Districl for the purpose5 of company lawl are re5pon5ible for preporing the trustees. report and the financial slolemenls in occordonce with the United Kingdom Accounting Slandords (United Kingdom Generally Accepted Accounting Piaclicel ond opplicoble low ond regulotions. Company law requires the trustees to prepare finonciol stotement5 eoch financiol year. Under company law the trustees musl not approve the finoncial stotements unless they are soli51ied Ihat they give o Irue ond fair view of the state of affairs of the charitable company and of its incoming resources and applicalion ol resource5, including ils income and expenditure. for thol period. In preparing these financial slotemenls. Ihe truslees ale Tequired to: select suitoble occounting policies ond opply them consislenMy.' obserye the methods ond principles in Ihe Charttie5 SORP.. make judgements and estimate5 Ihat are reosonatje ond prudenl.. slale whether applicable UK Accounting Slondards hove been followed. subject lo ony malefial deporlureg disclosed and exploined in the financial statemen15,' ond prepare Ihe finonciol statements on the g￿n9 concem basis unless il is inappropriate lo presume thol Ihe choritoble comr)ony will continue in business. The trustees ore re5pon5ible for keeping adequate accounting records Ihal are sufficient lo show cnd explain the choritable componys tran50ction5 and disc105e wth reosonable accuracy ol any time the financiol position of the choriloble compony ond enable them lo ensure thot the linonciol stolemenls comply with Ihe Componies Act 2006. They are olso responsible for 50feguarding the assets of the charifoble compony ond hence lor taking reasonable steps for the prevenlion and detection of fraud and other irregulorities. Poge 9 Community Arts Rhoyader and District Independent Examiner's Report to the trvstees of Communily Arts Rhayader and Distticl I report on the occounts of the charity for the yeor ended 31 March 2022 which are sel out onpoges 12to29. Respective re5ponsSbililles of trvstees and exomlner The trustees (who ore also the directors of the company for the purposes of company lowl are responsible for the preparation ol the accounts. The trustees consider that on audit is not iequired for this year under section 144121 of the Chorilies Act 2011 (the 2011 Acll and that on independent examination is needed_ Having satisfied myself thot the charity is not subject to oudil under company law and 15 eligible independent examinolion. it is my reSF)on5ibilify lo= exomine the occount5 vnder section 145 of Ihe l Acl- to follow the procedures loid down in Ihe generol Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act- and lo state whether particular motler5 hove come lo my attention. Bosis ol independenl examinei's report My exominotion was coNied out in occordance wth the generol Directions given by Ihe Chority Commission. An exominotion includes o review of the occounling records kept by Ihe chority ond o comparison of the occoun15 presented wth those records.11 olso includes consideration of ony unusual items or disc105ures in the occounts, ond seeking explanotions from you as Iruslees concerning any such molters. The procedures undertoken do nol provide oll the evidence thot would be required in on oudil and consequently no opinion 15 given 05 to whether the account5 Present o 'lrue ond fair view, ond the report is limiled to those matters sel out in the slalemenl below. Poge 10 Communlty Arts Rhayader and Dlstrlcl Independent Examiner's Report lo the Irustees of Community Arts Rhayader and District Independenl exominer's 5talemenl In connection with my examination. no matter hos come lo my attention- Illwhich gives me reasonable covse to believe thol in ony material respecl the requirements.. lo keep occounting fecoTd5 in acC￿danCe wilh section 386 of the Companies Act 2LK)6," and lo prepore accounts which occord wilh the occovnling records. comply wilh the accounting requiremenls of section 396 of the Companies Act 2QK)6 ond with the method5 ond principle5 01 the Slotemenl of Recommended Proclice". Accounting and Reporling by Chorilies have nol been met: or 12lto which. in my opinion, otlention should be dr(Jwn in order lo enable o proper understanding ol the accounts lo be reoched. T Richardson Mitchell Meredith Lirnited Chartered Accounlant5 The Exchange Fivewoys Temple Street Llandrindod Wells Powys LDI 5HG 7 December 2022 Pogell Community Arts Rhayader and District statement of Finoncial Aclivilies for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Stalement of Totol Recogni5ed Gains and Losses) Tolal 2022 rolal 2021 Unrestrlcted Restrfcted Nole Income and Endowments from: Donations ond legocies Charitable activities Investment income 1.561 14,239 177.077 178.638 14.239 123,546 4,788 Total Income 15.803 177,077 192.880 128.337 Experbdilure on: Raising funds Choriloble oclivities 17071 ,124 17071 121.830 14431 60,861 91.706 Total Expenditure 130.831 191.7061 122,537 61,304 Net lexpendilurellincome 15,028 85.371 70.343 67,0 Net movement in funds 115.0281 85.371 70.343 67,033 Reconciliation of fund5 Totol funds brought fotward 91.549 327.783 419.￿2 352.299 Total funds corried lorword 19 76.521 413.154 489,675 419.332 All of the chority's octivities derive from continuing operations during the above periods. The funds breakdown for 2021 ￿ shown in note 19. The notes on pages 14 to 29 form an integral part of Ihese financial statements. Page 12 Community Arts Rhayoder and Dlslricl (Registration number: 03663661) Balance Sheet as at 31 March 2022 2022 2021 Nole Fixed 0s5ets Tongible ossels 15 445,308 326.670 Currenl assets stocks Debtors. C05h ot bonk ond in hond 3.552 10,588 85.230 3.089 17 96,197 99,370 99,534 CrEbditors: Amounts falling due wilhin one year 18 55.003 6,872 Net currenl assets 44.367 92,662 Net assets 489.675 419,332 Fund5 of the charitr. Restrlcted Income funds Reslricled fvnds 19 413.154 327.783 Unrèslrlcled Income fund5 Unrestricted funds 76,521 91,549 Total lunds 19 489.675 419.332 For the financial year ending 31 Morch 2022 the chority w05 enlilled to exemption from audit vndei seclion 477 01 the Componies Act 2CL)6 relating to smoll companie5. Directiys. responsibilities.. The member5 have not required Ihe chority lo obtain on oucfit of ils accounts for the yeai in question in aCc￿danCe with section 476." and The directors acknowledge their responsibilitie5 l¢y complying wth Ihe requirements ol the Acl with respect to accounting records and the preporotion of accounts. The linoncial 5talemenls on poge5 12 10 29 were opproved by the trustees, and aulhorised for issue on 7 December 2022 and signed on their behalf by= C J Allon Trustee The nole5 on page5 14 to 29 lorm on inlegrol port of these financial stotements. Poge 13 ￿￿￿rnrnC oo? noCFnJo 3 jè. Ill ji, 7J oo Community Arls Rhayader and District Notes to Ihe Flnancial Statements for Ihe Year Ended 31 March 2022 Income and endowments All income is recognised once the chority hos enlitlemenl to the income. it is proboble Ihol the income wll be received and the amounl of Ihe income receivable can be measured reliobly. Donolions and legacies Donolions are recognised when the chority hos been noliFied in writing of both the amount and seltlemenl dale. In the evenl Ihal a donalion is 5ubjecl to condilions thol require a level of performonce by the choiity before the charity is entitled to the funds. the income is deferred ond nol recognised until either those conditions ore fully met. or the lulfilmenl ot those conditions is wholly within the control ol the charity and it is proboble that these conditions will be fulfilled in Ihe reporting period. Grants receivable Gront5 ore recognised when the chority hos on entillemenl lo the funds and any condition5 linked to Ihe grants have been met. Where performonce conditions are ollached to the gront and ore yet to be met. the income is recognised os a liability ond included on the bolonce sheet a5 deferred income to be releosed. Expenditure All expenditure 15 recognised once there is o legol or constructive obligation to Ihal expenditure. it is proboble settlement is required and the amount con be meosured reliably. All cost5 ore ollocoled to the opplicoble expenditure heading that oggregote similoi costs to thot category. Where c0515 cannot be directly ottribuled to part￿ular heodings they hove been allocated on a bosis consislenl wilh Ihe use of resources. wilh central stall cos15 ollocated on the basis of time spent. ond depreciation chorges allocaled on the portion of the asset's use. Other support Costs ore allocoled bosed on the spiead of staff c0515. Ralsing funds These are costs incurred in otlrocling voluntary income. the management of inve51ments and those incurred in trading activities Ihot raise fund5. Charitable ocltvilies Charitable expenditure comprises those costs incurred by the charify in Ihe delivery of its octivities ond services 1(x it5 beneliciories. It includes both costs Ihal can be allocaled directly lo such activitie5 ond those costs of an indirect nolure necessory to support them. Support costs SuppcY* c0515 include central function5 ond hove been allocated to activity cost categories on a basis consistent wilh the vse of resource5, low example. allocoting propwty costs by floor oreas, or per copito. stoff costs by the time spent and other c0515 by their usoge. Poge 15 Community Arts Rhayader and District Notes to Ihe Financial Slatements for the Year Ended 31 March 2022 Goveinonce Costs These include the costs otlributoble to the charity's compliance wilh consthlulionol and statutory requirements, including audit. strategic monogement and Irustees's meelings ond reimbursed expenses. Government gronts Government gran15 are recognised bo5ed on the accrual model and are me05ured ol the fair volue of the osset received or receivable. GTant5 are clossified as relating either to revenue or lo a55els. Gronls relaling lo revenue ore (ecognised in income over the peiiod in which the related costs ore recogni5ed. Grants relating to ossets ore recognt5ed over the expected useful life of the osset. Where F)art ol o grant reloting to on osset is deferred, it is recognised 05 deferred income. Taxation The charity is considered to pass the lests Set out in Porogroph I Schedule 6 of the Finance Act 2010 ond therefore it meets Ihe deh'nilion ol o choriloble compony for UK corporolion lax purposes. Accordingly, the chollty 15 potentially exempt from loxolion in respect of income or capitol gains received wthin categories covered by Chapler 3 Part I l of the Corporation Tox Act 2010 or Seclion 256 of the Taxolion of Chargeoble Goins Act 1992, 10 Ihe exlenl thot such income or goins ore opplied exclusively to charitable pvrposes. Tangible fixed assets Individual fixed assets are inilially recorded ol c05t. le55 ony subsequent accumulated depreciolion ond subsequent accumulated impoiiment1055e5. Depreciolion ond amortlsallon Depreciotion is provided on tongible fixed assets 50 OS to write off the cost or voluotion. less any estimoled residuol value. over their expected vsefvl economic life os follows.. Assel class Freehold Propeity Fixtuies and fillings Equipment Plont Depreclallon method and rote 2% on cost 20% on cost 25% on cos1 IO% on cost stock Stock 15 volued ol Ihe lower of c05t ond net reolisoble volue, afler making due allowance for obsolete ond slow moving items. Trade debtors Trode deblofs (Ke omounts due from customers for merchandise sold or services performed in the ordinary course of bu5ine55. Trode debtor5 ore recognised initiolly al the tronsoction price. Poge 16 Communlty Arts Rhayader and Disfricl Notes to the Financial Statements for the Year Ended 31 March 2022 Cash and cash equivalents Co5h and cash equivolents CoM￿lSe cash on hond ond call deposits. ond other short-term highly liquid inveslmenls Ihof ore reodily convertible to a known amount ol cosh and ore subject lo an insignificant risk of change in value. Trade credllors Trade cieditors ore obligolions to poy for goods or services that hove been ocquiied in the ordinary cOu￿e of busine55 trorn suppliers. Accounts payoble ore cl055ilied os current liabilities if the charity does not hove on unconditional right. ol the end of the reporting period. lo defer seltlemenl of the creditor for ol least twelve months ofter the reporting date. If there is an unconditional right to defer 5etflemenl lor ol least twelve months ofter the rep￿tIng dale. they are presented as non-current liabilities. Trode creditors ore recognised initi01￿ ot the transoction price. Fund sfruclvro Unrestricted income funds are general funds Ihol ore ovailoble for use at Ihe tru51ees discretion in lurthefonce ol the objectives of the charity- Restricted income funds are those donated for vse in o F)Orticulor area or for specific purposes, the use of which is restricted lo Ihol areo or purpose. 3 Income from donalions and legacies Unrestricted Ivnds Generol Restricted funds Total 2022 Total 2021 Donations and legacies Grants receivable (note 41 .074 177.077 178.151 123,246 1.561 177.077 178.638 123.546 Page 17 Commvnity Arts Rhayader and Districl Notes to Ihe Flnanclal Statements for the Year Ended 31 March 2022 4 Grants Unrestricted Restricled Total Funds Total Funds Funds Funds 2022 2021 Oakdale Trusl Elan Valley Trust Ashley Family Foundation Association of Independenl Museums i o,(x)o 8,000 770 770 Federotion of Museums Communily Fcwndotion Wole5 Llysdinom Trust PA VO Social Development Fund PAVO Wellbeing Development Fund 4,925 6,0(J) 10,753 2.671 Moondance Foundation 1,250 Carmarlhenshire County Counc Arl Fund 13,5C HM Revenue & Customs CJRS Gronl 1.074 .074 7,667 Powys County Council Covid-19 Grants 46.OCO We15h Govefftment Welsh Cullvrol Recovery Fund Welsh Governmenl Tronsformotion Gront 10.ocx) Copilal 140.589 140,589 Creolive ond Cullurol Industries Ltd 6.977 6.977 PAVO Wellbeing Reimagined Fund 3.082 3,082 FMAG Accreditation Support Elon Links 2.173 2,173 1,608 Welsh Water Community Fund PCC Covid Community Recovery Grant 2.241 2.241 Soil Association Ltd CFW Powys Welsh Church Act Page 18 Community Arts Rhayoder and District Notes to the Financial Statements for the Year Ended 31 March 2022 PAVO Loneline55 & Isololion Fund PA VO Discretionary Capitol Gronl CFW Ashley Family Foundation FMAG Living Landscape 550 550 2.987 2,987 2.9S) 2.950 1,074 177.077 178,151 123,246 S Income from choriloble octivilies Unrestricted lund5 Designated Totol 2022 Total 2021 Theatre, Museum, Sludio Income Rhayoder Town Council Project Income 3,788 5.231 5.231 14,239 14.239 4.788 6 Inveslment Income Unrestricted funds General Total 2022 Total 2021 Interest receivalje and %milar income- Inleresl receivable on bonk depoits 7 Expenditure on roising funds Unrestrlcted fund5 General Total 2022 Total 2021 Note Stoff Costs Allocated support cost5 315 392 315 392 226 217 707 707 443 Page 19 Communify Arts Rhoyadei and District Notes to the Financial Statement5 for the Year Ended 31 March 2022 8 Expendilure on choritoble activities Unrestricted funds General Restricted Ivnds Total 2022 Total 2021 Direct costs Depreciotion.amorti50tion ond other similor costs Slafl costs Allocoted sUPPOrt CO515 Governonce costs 3,013 25.573 28.586 4.450 1.612 3.167 1).055 2.277 18.449 27.129 17.735 2.820 20,061 30.296 37,790 5,097 9.844 21,664 20,874 4,029 .124 91,706 121,830 60,861 g Analysls ol governance and support costs Governance costs Unrèshicted Totol 2022 Total 2021 General Restricted Stofl costs Wages ond 501orie5 Independent examirser fees Exominotion ol the finonciol slalements Allocated support costs 946 946 677 2E20 2.970 2.7 652 2,277 2.820 5.097 4.029 Page Community Arts Rhayader ond Districl Noles to the Financial Statements for the Yeor Ended 31 March 2022 Anoly5is of 5UPPOrt costs Expendilvre on raising lunds Charitoble AclivlNes Governance Total Totol 2022 2021 Humon resources 42 44 Premises 281 27.OXJ 28.145 12,071 office.ond sundry costs Finance costs 10.212 319 10.637 9,219 516 16 537 344 392 37,790 39,363 21.743 10 Nel Incomlngloutgoing resource5 Nel incoming res0￿CeS for the yeor include= 2022 2021 Depreciolion of fixed 055ets 20.061 9,844 I l Trustees remunerfjlion ond expenses No tiustees. nor ony persons connected with them. hove received any remunerotion from the chority during Ihe year. No Iruslees hove received any reimbV￿ed expenses (x any other benefits from the chorily during the year. 12 Staff costs The aggregate payroll costs were 05 follows: 2022 2021 staff costs during the yeai were". Woges ond solories Pension cosls 31.249 308 22.567 31.557 22.567 Page 21 Community Arts Rhayader and Districl Notes to the Flnanclal Statements for the Year Ended 31 March 2022 The monthly overoge number of persons (including seni(K manogemenl teoml employed by the charity during the year including full and parl time stoff wos os follows.. 2022 No 2021 No Sloff including part time No employee received emolumenls of more thon £60.C¥J) during the year. 13 Independent examlnerfs remunerolion 2022 2021 Examination ol the financial stolements 2,970 2,7(X) 14 Toxotion The charity is o registered chanty and 15 Iherelore exempl from toxotion. 15 Tangible fixed ossets land and buildings xtures ond fittings Tolol Cost At l April 2021 Additions 452,524 101,733 133.7C 36.966 586.224 138,699 At 31 Morch 2022 554.257 170,666 724,923 Depreciotion At l April 2021 Charge for the year 131,074 128,480 8,458 259.554 20,061 Al 31 Morch 2022 142.677 136.938 279.615 Nel book valuè Al 31 Morch 2022 411,580 33.728 445,308 AI 31 MoTch 2021 321.450 326.670 Page 22 Community Arts Rhoyader and Dlstrict Noles lo the Financial Statements for Ihe Year Ended 31 March 2022 Included in cost ￿ volvotion of Freehold Property is feehold lond ol £lOo,C￿ 12021 £1 (x),0001 Revoluallon of fixed assets In November 2CX)9 followng a major conversion of Unil I to house the Rhayader Museum. the Tru51ee5 in5tTUCted the valuer5, Mes5r5 Mccortney. to provide an updated valuation of Unit i. This was undertaken on the bosis of reasonoble market value. bosed upon high specification office premises. The voluotion wos £220.(XX) Freehold with vacanl possession. As the book volue ol Unil l al the yeor end wa5 considerably in excess of the obove valuation. adjustments were made in ￿der to reduce the property and 0550ClOted fixtures lo the obove volvolion. 16 stock 2022 2021 stocks 3.552 3.089 17 Debtors 2022 2021 Deb1015 10,588 18 Credltors: omounts folllng due wllhln one ye 2022 2021 Creditots 55.003 6,872 Page 23 Community Arts Rhayader and District Notes lo the Financlal Stotemenls for the Year Ended 31 March 2022 19 Funds Balonce ot 1 Aprll 2Q21 Boloncè at 31 March 2022 Incoming resources Resources expended Transfer5 Unreslricted funds General Unrestricted funds 91.549 15.803 110.8311 I20,(￿} 76.521 Designated Tron5formotion Contingency Fund 120.OCX) Tolal unrestricted funds 91.549 15.803 IX).831 76,521 Restricted lunds Copilol Museum Project PAVO Sociol Development Fund Ookdale Trust Elon Volley Trvsl t Fund Ashley Family Foundation PAVO Wellbeing Development Fund A550Clation of Independent Musevms Skinners. Lady Neville Charify Community Foundotion Wales 198.114 91.951 14.0881 13.2711 194,026 88,680 495 11651 330 8.469 11.555 14.5421 112.0561 3,927 999 14.8001 2,671 12,6711 770 11,8501 100 382 11281 254 Moondance Fovndotion Granl Community Foundotion in Woles Welsh Government Copilol Tronslormotion Grant Kickstart Scheme PA VO Wellbeing Reimagined Fund 896 12991 597 4.070 11.2341 2.836 140.589 6.977 137.9771 16.9771 102,612 3,082 13.0821 Page 24 Community Arls Rhayader and Distrfcl Notes lo the Financial Slatements for the Year Ended 31 March 2022 Bolonce ol l April 2021 Balonce al 31 March 2022 Incomlng resources Re50ur¢e$ expended Transfers FMAG Accreditation Support Elan Links Welsh Water Community Fund PCC Covid Community Recovery Grant Soil Association Ltd CFW Powys Welsh Church Act PAVO Loneliness & 1501alion Fursd PAVO Discretionory Copifal Granl CFW Ashley Fomily Foundation FMAG Living Landscape 2.173 11.5921 11,6081 581 2.241 12.2411 11751 375 2,987 2,987 29YJ 12.950 Tolol restricted funds 327,783 177.077 191.706 413,154 Total funds 419,332 122.537 489,675 Page 25 Community Arts Rhayader and District Notes to the Financlal Stotements for the Year Ended 31 March 2022 Balonce ot 31 March 2021 Balance al I April 2020 Incoming resources Resources expended Unreslricled funds General Unre51ricted funds 47.372 74.658 IX).4811 91.549 Restricted Capitol Museum Project PAVO Sociol Developmenl Fund Elan Valley Trust Art Fund Welsh Govemment Community Ashley Family Foundation PAVO Wellbeing Development Fund Associotion of Independent Mu5evms Skinners, Lody Neville Charity Commvnity Fovndolion Wales Moondonce Foundatton Gront Community Foundation in Wales 202,202 95.222 14.0881 13.2711 198.114 91.951 10.753 10.c(o 13,5(N) 110.2581 17.2941 11.9451 495 8.469 11,555 5.763 12.4801 8.0 2.671 2.671 1.080 100 660 12781 382 13541 896 4.925 855 4.070 Total reslricted fund5 304.927 53.679 30,823 327.783 Tolal Ivnd5 352.299 128.337 61.304 419,332 Poge 26 Community Arts Rhayader and District Noles to the Financial Statemen15 for Ihe Year Ended 31 March 2022 The specific putposes for which the funds are to be opplied ore os follows: Restricted copilol funds comprise capitd grants to fund the acqui51tion and original relurbishmenl of the property of the chorily. Restiicled museum project funds received to fund The Rhayader and District Chronicles Community Mu5uem and Oulreoch Projecl. PAVO Social Development Fund gront was towards the employment costs of o part time lemporoy digital project oflicei and other costs. This fund included lunding towards the purchase of o computer. Thi5 balance is being written off al Ihe 50me rote Ihal the equipment is depreciated. Oakdole Trust funding is towards the employment costs of a volunteerlinterpretolion officer. Elan Volley Trusl funding is tOWOTds Ihe employment costs of o support oflicer. including finonce support. Art Fund Respond and Reimagine Gront wos funding for a port time Digital Project Oflicer to develop online exhibition5 and oclivitie5. ond port of on outdoor exhibilion spoce. Ashley Family Foundation Creolive Cotlaborations wos funding towards a graphic designer, participatory artist / designer ond community engogement fot the new Museum displays. PAVO Wellbeing Development Fund was funding for Ihe Digitol officer for one doy o week to continue hei work ond lo produce digilol oclivities and 2￿ oclivity pocks for children. A550ciation of Independent Museums Hallmarks Award5 funding wa5 lowords fundroising mentoring costs. The Skinners & Company Lody Neville Charily wo5 fvjnding to help o heriloge project with young people from our rural community. Community Foundotion Woles is granl funding towords the cos1 of computer equipment. This balonce is being WTilten off ol Ihe same rale thol the equipment Is deprecioled. The Moondance Covic-19 Relief Fund was funding towoids the c05t of o comcorder. This balance is being wrillen off ol the some rote Ihal the equipment is depreciated. Community Foundation Wales Coronovirus Re511 ience Fund was lo buy ond modify o new diogon trailer. hold 5 workshops and employ a project officer for 5 sessions. This bolonce is being wrillen off ot the some role Ihot the equipmenl is depreciofed. Welsh Government Capilol Tronslomotion Grant ts towords the refutbishment of the Museum in Unil I lo include installing o mezzonine floor and 0550cioled works. This bolonce is being written off ot Ihe some role thol the freehold property and equipment is deprecioled. Page 27 Community Arts Rhayoder and Dislrict Note$ lo the Financial Slatements for Ihe Year Ended 31 March 2022 Kickstort Scheme was funding received on behalf of DWP from Creotive & Culturol Ltd lo creole job5 for young people ot risk of long-term unemployment lo employ o museum assistant. PAVO Wellbeing Re-imagined Grant is towards online Artist of the Month fees ond speokerlcosts for Tolk & Draw Workshops. Federation of Mu5evms and Galleries in Wale5 Accreditotion Support Fund 15 towords equipment for the Mv5eum. This bolonce is being written off ot the same rote Ihot the equipment is deprecialed. Elon ￿nkS is funding towords the employment of an archiving as5iStanl. Welsh Water Community Fund 15 lowords creoting ond UF)doting port of the outdoor space. Powys County Council Covid Community Recovery Gront is p(yt revenve and port equipment to enoble Ihe further iefuttsshmenl of Unit i. Soil Association Ltd Food for Lite Get Togelhers Plonl ond Shore small grant 15 lo piovide materials for a project to enable volunteers to refurbish our r0i5ed beds. Church Fund in Wales Welsh Church Act gront 15 for a project lo creole a 3D printed map, wilh odditional local information reseaiched and pointed on by vdunleers lo be displayed in Ihe refurbished museum. PAVO Connected Communities: Londiness & Social Isolation Fund is for 0 Short lerm contract lo do some volunteer engagement ond digitd work. PAVO Integroted Care Fund - DisCretiorK￿l Copitol Gront to finance the purchase of o loplop. Thi5 bolonce is being written off at the some rote Ihol the equipment is depreciated. Community Foundation in Wales - Ashley Family Foundation is o gronl lowards Nature Talk & Drow Workshops 2022. Federation Of Museums and Galleries in Wole5 is 0 gront lowords Ihe design and printing of ponels for on outdoor exhibition. All othei funds have been towards the chariloble activities of the charity and to support running costs. Poge 28 Community Arts Rhayader and District Notes to Ihe Financial Statements for the Year Ended 31 March 2022 20 Analysls of net assets behveen funds Unrestricted funds General Total funds ol 31 March 2022 Re51ricted funds Tangible fixed asset5 Current ossets Curient liabilities 51.216 56,113 394.092 43.257 24.195 445,308 99,370 155.003 489,675 Totol net assets 76.521 413.154 21 Reloted paty Iransacflons There were no related porly Ironsoctions in Ihe year. Page 29