Company Registration Number 03663661 Registered Charity Number 1073317 COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) REPORT AND ACCOUNTS For the year ending 31 March 2023 llll ACHPHXWR* 2511112023 ¢cpANIEs HOUSE A10
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COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 37 March 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Communily Arts Rhayader And District Charity registration number 1073317 Company registration number 03663661 Registered office Unit 2 East Street. Rhayader, Powys. LD6 SER Trustees For the purposes of the Companies Acl 2006. the Board of Trustees is the Board of Directors of Ihe charilable company arKJ is referred to as the Tiuslees throughout Ihis report. The Trustees of Community Arts Rh8yader And District ICARAOI during the period and lo Ihe date of signing this report are as follows.. Ms C Allan Ichairl MslKBass Mr P Cox MBE MsHMCurry Ms M Elster Ms T L MiLchell MsJAETyler Mrs J Worgan Independent Examiner Mr P O'Hara FCA. Flat 3, 1 Tankerville Terrace, Jesmond, Newcaslle upon Tyne NE2 3AH
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For theyear ended 31 March 2023 The Truslees, who are also Directors for the purrJ)ses of company law. present their report and the unaudiled financial slatemenls of the charity for the year ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming Documents CARAD is a charilable company limited by guarantee. incorFrfxaled on 6 November 1998 and registered as a charity on 14 January 1999 The charity is controlled by its governing documenl. its Memorandum & Articles of Association. and constilutes a limited company, limited by guarantee, as defined by the Companies Act The Directors of the company are also Trusiees of the charily. Eligibility for membership of Ihe charity. and membership of ihe Board of Trustees. is governed by the Articles of Association. There are no restrictions in the governing documenl on the operation of the charity other than those imposed by general charity law. Charitable Purpose The Objecls of the charity are to promote Ihe benefit of Ihe inhabitants of mid-wales without distinction of sex, sexual orienlalion, race or political. religious CK other opinions by associating together Ihe said inhabilanls and the Local Authorities, voluntary and other organisalions in common effort to advance education and to provide facililies in the inlerests of social welfare for recreation and leisure time cKCUpatnS with the object of improving Ihe condilions of life for the said irihabitanls. Structure and Govemance The charity currenlly has a Board of eight non-executive Truslees. The Board meets a minimum of four limes per year. The Board receives wrilten rewrts and agendas which are circulated in advance of meetings from the Director. The Board has an annual calendar to ensure essential business is discussed and reviewed in a limely basis. Ongoing governance of the charity is mainlained through regular meetings with the Director. We have retained all our Trustees throughoul 2022123 and all Tnjstees have contributed to Ihe running of CARAD We have held iegular Board meetings and communicated via phone and email if any decisions needed lo be made (x informalion shared beiween meetings. The Chair would like to thank fellow Trustees f(K their support and especially to thank Krysia Bass as Co Director. Tess Mitchell arid Jose Worgan for their work on the displays and collections and Pelef Cox for their long hours of hard work and SUPkK)rt over ihe year. Recruitment and Appointment of Board of Trustees Trustees are elected Lo Ihe Board b8se(l on discussions and recommendalions offered by Trustees and outside 8dvisors to the charity. as well as through a range of advertising channels.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For theyear ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) Trustee Induction and Training New Trustees are inducled by the Chair of the Board and Director and are provided with a range of resources to support their understanding of CARAD'S activilies. The balance of Ihe Board is reviewed on an annual basis with reference to currenl skills on the board and the operational needs of the charily. Trustee training is delivered either through exlernal advisors or charily rnembers of slaff. Staffing We wish to thank all our slaff lor the de(lication they pul into Iheir work and their willingness to work flexibly lo respond lo often unexpected demands or events. In particulaf.. Michelle Thomas has been our Finance offic who has kept the bcxjks balanced and ensured thal funding is correckly allocaled. She has produced financial forecasts and calculations to support various funding bids. Asler Woods, our Digital and Projecls officer has run our social media and website. She produced our regular newsleller and run and designed with us our digital and other projects. Elaine Lewis has been our excellent cleaner over the year. Luke Lawrence has been kept on via funding from Elan Links to continue archiving the collections onto specialised museum's digital management software. This will make them accessible to a wider public. We have employed session workers lo run workshops and OLrtfeach events and Lo do some maintenance work, including Museurn display building along with volunteers. We would particularly like to thank Rob Hill. Jane Mason and Gemma Jones as regulaf session stafl. Reserves Policy The Trustees have reviewed Ihe charily s needs for reserves in line with the guidance issued by the Charity Commission. having reviewed Ihe risks facing the organisation, seeking lo maintain a level of reserves which enables the charity to operate effectively wilh financial stability and the rneans to fulfil its charitable purpose. The Trustees aim to hold a level of Unrestricted Reserves which enables the charity lo have sufficienl working capital to continue to operate and also reflecls the risks associaled with shortfalls in funding, especially wilhdiawal of support from existing fuThJers. If alternative sources of funding were not forthcoming. then this amount would provide the means for CARAD lo settle any outstanding contracls and close the company in an orderly manner. We have reviewed these costs in relation lo stalulory iedundancy pay and the liabilities for Ouf building We have calculated these as £I0.IJCM) for slalutory redundancy costs and slalf notice periods, plus a further £15.0(X)10 £20.000 for the buiiding-relaled costs, insurance and services. Therefcwe. the Trustees anticipale Ihe Unrestricted Reserwes needed lo fulfil Ihese criteria as £10,000 as a minimum, and the target level of Unrestricted Reswes to be in the range 01 £25,000 10 £30.0(X).
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For theyear ended 37 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) Reserves Policy (Cont.) The charity's total Unrestricted Reserves at 31 2023 are £82.404. Free Reserves, defined as non-designated Unrestricled Reserves minus the value of Unreslricted Tangible Fixed Assets1£61,7501. are therefore £20.654 and therefore fall below the target range The Trustees aim, through Iheir budgeiing (esSeS. to restore Free Reserves to wilhin the larget range within 3 years. The Board regularly reviews the level of reserves that are required lo ensure that they are adequate lo fulfil our continuing obligations and to allow the organisation lo fulfil its charitable purpose. Grant Making Policy The charity does not curfently engage in grant-makirKJ activily. The Contrit)ution of Volunteers The day-to-day running ol the organisation has been done by two Trustees. Catherine Allan and Krysia Bass acling as pro bono co-Directors. Trustee Peler Cox has continued the logistical work needed to deal with and move, sort and move again, lons of project malerials. Museum artefacts and Items from their storage space to the Theatre bLJilding and then to a new temporary slorage unil which became available jusl in time. as well as supporting volunteers and wrangling Ihe building process. We have been very well supported by other volunteers. In 202Y23, we had 62 volunt*rs delivering nearly 5,0(X> hours of voluntary work and expertise, doing tasks such as.. Administration, fundraising, management Community liaison, volunteer support Museum's collections management Logislical support re moving objeds and managing slorage and materials Building projecl support for the Museum Iransformation Museum displays - design and contenl research and collatrx)ration, building display units. painting and display crealion Translation support, digital support Outreach activily including logistics and public eroagemenl. stewarding, delivering Digital activities and all the small and larger ways in whith volunteers have helped deliver the charity's objectives. We have been fortunale in attracting new. younger volunleers to help us. Our work builds communily cohesion, environmental awareness and strives to achieve social Justice. Our projects offer support to help the health. wellbeing and improve the skills of individu8ls and where appropriate. their employability arbd this would not be possible without our volunleers,
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT For theyear ended 37 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT {CONTINUED) The Contribution of Volunteers (Cont.) Del Ho Sang. a former Chair of Trustees and an active volunteer won one of the UK Plalinum Jubilee Volunteer Awards. marking the late Queen Elizatreth's Platinum Jubilee. The BBC'S One Show came lo spring a surprise presentation al CARAO. We were very [oUd of her and of the work she does throughout Ihe area. We have, however. come lo understand thal we need to fundraise for paid siaff. The organisalion is reliant on two full-time Trustees in particular. makes CARAD vulnerable should one or bolh become unable to conlinue in posL. OBJECTIVES AND ACTIVITIES Public Benefit The Trustees undersiand and have discussed the implications of the provisions of the Charities Act 2006. which state Ihat all charities must demonstrate that they are established for public benefit. and have had due regard to the public benefit guidance issued by the Charity Commission. The Trusiees believe that the charity meets both of the key winciples. Principle 1 - There musl be an idenlifiable benefrt. or benefits Leaming and participation are at the heart of CAR4D. The org2nisalion carries oul in-house workshops and 2Ctivilies and an oulreach programme for schools and community groups. CARAD has a programme of learning activities and events specifically designed for children arbd young people, including formal. informal and family locussed workshops. Principle 2 - Benefil must be to the public, or a section of Ihe public CARAD'S work is available to all members of the public. Our participanl backgrounds range from local lo relugee families, families in crisis or with difficult circumstances, neurodiverse participants of all ages. participants with a range of and complex combinalion ol mental and physical health issues and those with fewer resources than many in this community.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For theyear ended 37 March 2023 OBJECTIVES AND ACTIVITIES Risk Management The Trustees of the charity regularly review the major govemance. operational and financial risks which the charity faces as part of its annual business plannino tY(xess and confirm that sysiems have been established to mitigate these nsks. CARAD has a risk managemenl strategy in place which comprises: an annual review of the strategic risks the charity may face via the business plan the establishment of syslems and EK(Kedures to mitigate those risks identified the Implemenlation of procedures designed to minimise any poiential impact on the chaf ity should those risks malerialise. The Trustees are satisfied that appropriate financial syslems and conlrols and employment policies and praclices are in place. The Trustees consider the key nsks facing the charity at Ihis time and the mitigating actions laken Lo be as follows.. Vulnerabilily lo the loss of key leam members, particularly in Sl of reliance upon Iwo Trustees to manage CARAD on a virtually full-time basis Fundraising strategy to largel funding lo supwrt the appointment of paid slaff Lo manage the daY-tdaY running of CARAD Failure to secure adequale funding income (from trusts and foundalions. earned income, individual giving and Lhe impact of any shortfall on liouidity of the charily}: Fundraising strategy regularly reviewed by Trustees and amended where appropriate. Regular review of reserves policy along wrth financial forecasts. cash flow management and review of operational business plan. Navigating Ihe challenges arising from the currenl eCorM climate. maximising income generation, fund raising and donalions, minimising expenditure at a lime of uncertainty. Regular financial monitoring, flexibility and adapiability adapted as keystone principles wilhin our business plan. Trustees also manage the general financial risks arising by ensuring ihat.. Prudent budgets have been sel for the nexl financial year The charily maintains a wudenl. low cosl operating base Regular management accounts are provided, showing performance against budget Contingency plans are in place should income levels appear unlikely lo reach targets Reserves policies have been adopied which provide an appropriate amount of uncommitled reserves which will enable Ihe charity to meet ils liabilities.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For theyear ended 37 March 2023 ACHIEVEMENTS AND PERFORMANCE Summary of main achievements of the charity during the year The Museum: Timescape Rhayaderl Amserwedd Rhaeadr G. This financial year was spent finishing the build f( Ihe new floor in the Museum building, designing new displays and inslallaLions and creating a one-way flow ihrough the building. It was frustrakn'ngly slow, due to builder's delays and supply chain issues, a lack of funding to be able to employ someone for more than a few days al a lime to do finishing work on the display structures and trying to fill skills gaps with volunteers. We have been fortunate in our volunteers b'ut they were nol able to be here full-lime. so it meant that we were nol able to open as planned. We have been able to continue our cornmunity consultation on the cor)tent of ihe Museurn displays and involve new volunleers with a range of abilities in the creation of display content. We have commissioned a local wriler. aclors and animator to produce a series of scripted animations Lo bring to life people who would have been in Ihe area. We have made good prffjress with the designing and installing Ihe interpretation. We attended a series of sessions on a Welsh Government course 'Decolonising the Collections. which profoundly affected some of our interpreialion and led us to look al the legacy of empire in the area, which was much more represented in the colleclions and local cullure than we had anticipated at the start of the course. We have answered many queries from I(al people, visilor and provided information for Rhayader Primary School. We supplied artefacts f(x Ihe anniversary of Ihe opening of the Claerwen Dam. We have cared for the collections and accepted new items which we felt would be valuable to tell local stories. Most of our activilies have a henlage element and are based around the collections local cultural hislory. Our Medieval family Fun Day tIng a g(KJd example with a range of activities and crafts all exploring local themes. The Welsh Museums Festival As well as popular talks, we ran a 'Dragons and Dinosaurs. family day. based around our Copper Dragon, local fossils and themed crafts and aclivilies. Our Outdoor Exhibition Space We have designed new outdoor exhibition panels with local artist Suzybee. looking at unique landscapes and the wildlife they support, sustainable behaviours and container gardening. to be installed in April 2023 We have also been able lo do some work to maintain Ihe grounds and improve access.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For theyear ended 31 March 2023 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Summary of main achievements of the chwity during the year (Cont.) Online Networking and TrainiThJ We have atlended many online meelings where initiatives lo get oiganisalions lo work [ether and form supportive networks have been commissioned to try lo counteract Ihe OMIng funding shortfalls. Most folded when the faIrtat0rs, roles ended. We have attended training on= Marketing for Families. Developing New Income Streams. Climate Compliance legislation and good practice. NAuseum Energy Management and Winter Preparedness. Designing Digital Services. Visit Wales Webinar. Kids in Museums, Neurodiversily in Museums. Creating SEN backpacks for Museums. Social Presciibing, and several sessions of the Welsh Govemment's excellent 'Decolonising the Collections,. This last has changed how we have told sorne of our stories. We have also attended many 'Meet the Funderf sessions. We attended an in-person conference run by Cardiff Universty on Value5 and Virtues in Changing World.. We were approached by Cardiff University to see if we wanted to do any partnership work with participants So far. this has gone no further than email contacl. We allended a Nature friendly Farrn visit which has led to the farrner. Sorcha Lewis. developing one of our displays on the possible fulure of faming and wildlife. We also altended the Rhayader Charity Fair. Events and Activities We ran monthly Nature Talk and Draw workshops wth local experts giving talks and people drawing the samples they brought in. These have proved to be very popular. We have uploaded some talks and pictures to enable wider participation. Thanks to the Ashley Family Foundation. We did two outreach da al Landed Festival wtlh an activity tent and a community artist residency for local artist Jane Mason. Kale Hart gave aerial lasler sessions and performar£es and used the acrobat's platfom) above our copper Dragon to perfom INe ran natural wodd-based crafts and olher projects lo raise awareness of Rhos Pastures landscapes and about other local wildlife. We also had a small exhibition and tableau wth our Gigante puppets We carried on these themes and activities at Rhayader Camival. Both outreach events provided activities but also a quiel time out from busy events for some children and adults. We took part in Povrys, Summer of Fun. which allowed us to run activities for 160 children with a wide range of ages and abilities, but also for around 21X) accompanying adults. We hosted The Big Lunch, Y Clnion Mawr after Ihe weather made any outdoor celebralions in Rhayader impossible. We compleled a hay meadows proiert for Llanidloes based Wldemess Trust, when their project officer left.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT For theyear ended 31 March 2023 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Summary of main achievements of the charity during the year (Coni.) Warm Spaces We initialed a town-wide consultation lo look at providing a warm space for people who were unable to heat Lheir homes and were suffering from the rise in Ihe cost of living. We produced a leaflet which would have allowed someone to be able to go sornewhere every day. We tried to prioritise places which offered a free aclivily lo reduce any stigma of needing to be publicly supported. This was nol always possible bul we are very happy thal so many organisations responded We ran a warm space day every week with refreshments and basic foods such as toast and sandwiches for those who wanted them. We ran a games. puzzles and chat Thorning with arts and ciafts aclivilies in the afternoon. We were expecting mainly older guests but had a much larger proportion of people who had leaming disabilities or faced other challenges and a large number of neurodiverse home-schooled children and adults This was at times challenging and took many volunteer and staff resources to manage due to the numters and people's different needs. It was also obvious that many people were not calered for. We went on to provide volunteering opportunities for several participanls and included Ihem in Lhe Museum display work. This was successful but also required a high level of supervision. Funded by Comic Relief and Powys. New Audiences and Participants As menlioned above. we have had a shift in Ihe people who come to us. We have a very diverse volunleer base Ifor this areal and Ihat is reflecled In those we work wilh. Our participant backgrounds range from local lo refugee families. lamilies in crisis or with difficult circumstances, neurodiverse participants of all ages, participants with a range of and complex combination of mental and physical health issues and tho* with fewer resources than many in Ihis community These have always come through our d(K)rs, but their number is a great deal more than pre Covid. For this reason. we make every effort to offer free activities and a welcoming and safe space. Digital Engagement Overall. our digital adivily has dropped - unsurprising as lockdown has ended but we still have a good presence with a diverse fange and ages of people and gcx)d verbal feedback from comments and in person visiLors. Posls about local heritage and folkloKe are popular. followed by those on upcoming events including partnership evenis. Online Engagement Figures - 1 April 2022 - 31 March 2023 Website-. Total visits: 2761 Facebook.. 5262 people have visited i)vr page wilh 1.100 likes. 45.133 people have seen the contenl (from wsl shares.) Instagram.. 187 people have visited Ihe page. 18 new people have followed us, 2,063 have seen our contenl. YouTube". 960 views, 37.7 hours of watch time. with 7 new subscriters. 10
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2023 ACHIEVEMENTS AND PERFORMANCE {CONTINUED) Summary of main achievements of the chariiy during the year (Conl.) Partnerships Radnorshire Wildlife Trust The Rhos Pastures project was delivered wilh a new Pfoject Officer Toby Hay. with whom we delivered Ihe arts. herilage and community engagement elements of Ihe project It has, despite the cutling of delivery lime by a third. been a really good example of how arts and heritage activities Can raise awareness of a very liltle talked aiKJuI. endangered bul very valuable habitat. With Ihe Project Officer we ran an Artist's residency, crafts activities. family days. walks and talks and final celebralion event, all designed lo raise awareness of this unique local landscape lype. It was pleasing to hear it publicly mentioned by people involved in other conservation groups, as an effective projecL. We hoFE that the methodology developed during Ihis project can be taken forwaid. Elan Llnks Landscape Partnership Scheme. After the Covid shutdowns, work restarted and several exciling new initiatives were devised. We have had Iwo new project officers who started al the end ol June. Rosie Slay as Events and Education and Gary Ball. Heritage, who worked logelher. They managed and delivered the Artisl Residencies These have conlinued as have Inlerviews for vo more residency partnerships wtth Bimingham's MAC and Aberystwh Arts Centre These and the second Elan Links Creakn've Fellowship have been faalrtated with CARAD'S active involvement. A Heritage Open day at Chamberlain Hcxjse, Birmingham. Work was (ione by volunteers on oral history transcribing We held discussions as to how lo progress projed elements whh we were responsible for delivering. A Minecraft Day using online programme to look at the Elan Valley buildings and heritage. A Clwyd Powys Archaeological Trusl day school. Talks by Trysor re new archaeol(>Jical discoveries on the Elan Estate Many new signs of ancient built heritage have been discovered. indicating that many rnore people used to live in the Valley when activilies such as mining look place and farming praclices were different. There is a lol more to survey. The Elan Links Eco Museum app, was launched and is up and running. Children's activities and wildlrfe events. We have worked with the archivisl on assessing partnerfs Collections and digiti'sing collections. We have been supported in our inlerprelalion and exhibilion work. Bolh Officers have been planning a subslantial b()Yy of w(xk for 2023. Community classes. The communily classes we host have started lo come back Ihough not near to pre-pandemic levels. We have hosted, Pilates, Yoga, various exercise classes. Taich Quan, Line Dancing, adull and childn'S aerial skills as well as various taster subj-ects for Mind. We hosted several talks abou[ the natural world an(i local henlage. Some new classes closExl due lo lack of atiendees as people have been reluclant lo come back.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For theyear ended 31 IAarch 2023 ACHIEVEMENTS AND PERFORMANCE {CONTINUED) Summary of main achievements of the charity duriro the year (Conl.) Funding At the start of this financial year, we were still impacled by the legacy of Covid and lockdowns. Our usual income streams were lost and have still not fully recovered. We have worked hard to keep up wilh the day-to-day management of Ihe organisalion and increase the number and delivery of ils wojecls. We have been greatly helped by slatulory Covid relief funding and Ihe projecl funding which has allowed us siill Lo deliver our charitable aims. Our museum was closed and therefore income from enLry fees and the shop missing. We were very affected by price rises which ale into Ihe budget and heavily impacted whal we could do. We received some business spons(yship in goods and in staff lime We would like to further develop this. The funding outlook is challenging and l(K)ks likely to remain so f some lime. We applied for and gol funding to employ Addo as consultants to work wilh Trustees to draw up a business and forward plan. Funders We would like to very much thank the funders mentioned later in Ihis report for investing in our work and for the support they have given us. WithouL them. we would nol be able to deliver the benefits to our community that CARAD'S project work brings Financial Review The out-turn for the year is an unrestricted surplus of £5.883 (2022-. Deficit £3531 The surplus will be aéded to Unrestricted Reserves. leaving a balance on Unrestricted Funds al 31 March 2023 of £82,404. FUTURE PLANS We continue to be advocales for Rhayader and Districl lo local and national government. This is an area which, because of ils rural locality. scattered population and the lack of media coverage of evenls. is often invisible when it comes lo services. transpori and cultural support. The unique voice of rural mid Wales. which has so much to offer Wales as a nation. is rarely heard nationally. This invisibility conceals the hidden poverty, isolation and ill health that many live with. IL also leads lo a feeling ofdisempowerment and disenfranchisement. Our cullural and community engagement work brings significant funding and other benefit inlo the area via partnership projects which would not happen withoul our parlicipalion. 11 allows people to access arts and heritage experiences and knowledge which would be missing from the afea. Our focus is increasingly on how climate change will affect our community, how they can be included in decisions made and understand Ihe choices Ihey will be asked to make. We will be working on finishing and opening ihe museum, project w, developing community links and fundraising for paid stafl_ 12
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For theyear ended 31 March 2023 RESPONSIBILITIES OF THE TRUSTEES .The Trustees (who are also the Directors of CARAD (or the purposes of company lawl are responsible for preparing the Trustees, Annual Repori and the financial stalemenls in accordance with applicable law and UniLed Kingdom Accounting Slar)dards (Uniled Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees lo prepare financial stalements for each financial year which give a true and fair view of the stale of affairs of the charilable company and of the incoming resources and application of resources. including the income and expenditure, of Ihe charilable company lor Ihat period. In preparing these financial statements. the Trusiees are required to= select suilable accounling kK)licies and then apply Ihem consistenuy., observe the methods and principles in the Charities SORP- make judgments and estimates Ihat are reasonable and prudent.. slate whether applicable UK Accounling Standards have been followed. subjecl to any material departures disclosed and explained in the financial slalements,. prepare the financial stalefflents on Ihe going concem basis unless il is inappropriate lo presume that the chanlable company will continue in operation. The Trustees are responsible for keeping proper accounting reCcdS that disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial slalemenls comply with the Companies Act 2(X)6. The Truslees are also responsible for safeguarding ihe assets of the charilable company and hence for laking reasonable steps for the prevention and deteclion of fraud and (Aher irregularities Signed on behalf of the Trustees Catherine Allan Chairrrrustee Company Registration Number 03663661 22 November 2023 13
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF COMMUNITY ARTS RHAYADER AND DISTRICT FOR THE YEAR ENDED 31 MARCH 2023 I hereby report to the Trustees of CARAD Icharity Registration Number 10733171 on my examinalion of the accounts lor the year ended 31 March 2023 sei out on pages 15 to 29. Responsibilities and basis of rep(wt As the charity's Trustees land also its Direct(ys for the purposes of company lawl, you are responsible for the preparalion of the accounts in accordance with the requiremenls of the Companies Act 20061'the 2006 Act.). Having satisfied myself that Ihe accounts of the Company are not required to be audited under Part 18 of Ihe 28 Act and are eligible for independenL examinalion, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) {bl of the 2011 Acl Independent Examinerfs Statement I have completed my examination. I confimi that no matters have come to my attention in connection with Ihe examinalion giving me cause lo believe.. accounting records were riol kept in restEct of the Company as required by seclion 386 of the 2006 Act,. or 2. the accounls do nol acc¢Nd wilh those reCds.. or 3. the accounts do nol comply wilh the accounting requirements of section 396 of the 28 Ad other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or 4. Ihe accounls have not been prepared in accordance with the methcKls or principles of the Statement of Recommended Practice accounting and reporting by charities lapplicable lo charities preparing Iheir accounts in accordance with the Financial RetX)rting Slandard applicable in Lhe UK and Republic of Ireland IFRS102}) I have no concerns and have corne across no olher mallers in conneclion with the examination to which alterbtion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Pete O'Hara, FCA, Chartered Accountant Fellow of the Institute of Chartered Accountants in England & Wales Flat 3, 1 TankeNille Terrace, Jesmond, Newcastle upon Tyne NE2 3AH 22 November 2023 14
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 37 MARCH 2023 Note Unrestricted Restricted Funds Funds Total 2023 Total 2022 Income Income from InvesLments Income from Granls. Donations & Legacies 17.352 40,040 57,392 178,638 Income from Charitable Activities 14.855 14,855 14,239 Total Income 32.215 40,040 72,255 192,880 Expenditure Cost of Raising FurKJs 707 Expenditure on Charitable Activities 26.332 74,996 101,328 121,830 Total Expenditure 26.332 74.996 101,328 122,537 Net Incomel(Expenditure) 5.883 (34.956) (29.073) 70.343 Balance broughl fornard al 1 April 76.521 413,154 489,675 419.332 Balance carried forward al 31 March £82,404 £378.198 £460.602 £489,675 The notes on pages 17 to 29 form part ol the financial slatemenls. All of the adivities of the company are classed as continuing. The Statement of Financial Activities includes all gains and losses in the year and therefore a slatement of toial reccxJnised gains and k)sses has not been prepared. 15
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITIOWBALANCE SHEET AS A T 31 MARCH 2023 2023 2022 Notes Fixed Assets Tangible Fixeol Assets 10 435.184 445.308 Current Assets stocks Deblors Cash At Bank & In Hand 3,463 4,741 22.856 31.060 3,552 10.588 85,230 99,370 12 Creditors- Amounts Falling Due Within l Year 13 15,6421 155.0031 Net Current AssetsllLiabilities} 25.418 44,367 Total Net Assets £460 602 £489,675 Represented by: Unrestricted Reserves- General Unreslricled Reserves - Designated 16 16 82,404 76.521 Reslricted ReseNes 16 378.198 413,154 £460,602 £489.675 The notes on pages 17 to 29 f(ffib part of Ihe financial ststemenis. The Trustees are satisfieol that the year enOe(131 March 2023 the charity was enliued to exemption under section 477121 of the Companies Act 2CTh. The Trustees a&0 confirm Ihal the Members have nol reQue charily lo obtain an aj11 in accordance with seclion 476 of Ihe Companies Act 20L The Truslees acknowledge Iheir responsibilities f(Y. (il ensuring th81 the charity keeps aL1eouale aCc(n11n9 records whrh comply wth section 386 of Ihe Act, and {iil preparing finala1 stalemenls whh give a true and fair view of Ihe stale of affairs of Ihe charity as al the end of the financial year ancj of ils Fyofil or k)ss lor the financial year in aCCordare wilh the requirements of seclK>n 393, and which olhemise compty wrth Ihe requiremenls of the Acl relating to financk81 statements. so far as applicable lo the charity. These financial stateTrnts were approved and signed by a Member of the Board of Trustees on 22 November 2023. Catherine Allan Trustee Company Regislration Number 03663661 16
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 PAARCH 2023 AccountiTMJ Policies Basis of AccotIng These financial stalements have been prepared in accordance wth applicable Uniled Kingdom accounting standards. including Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in Ihe United Kingdom and Republic of Ireland. I'FRS 102.1, and wlh the Companies Act 2006 and the Slalemenl of Recornmended Practice (Charities SORP FRS 1021 "Accounting and Reporting by Charities" and the Charities Act 2011. The financial statements have been rKepared on the historical cost basis. modified to include certain financial instrumenis at Fair value. Advantage has been taken of the 0VisIonS in the SORP Charities applying FRS 102 Update Bulletin 1 not lo prepare a siatement of cashflows. The financial statements a epared in sierting, whtt is the functK)nal currency of the charity Taxation Status CAPAO is a Charity regislered under Ihe 1960 Charities Act antj is 8ccorded exemplion from liability to Laxaln on its iiicome Und S505 Income and CortK)ratson Taxes ACL 1988. Going Concem There are no malerial Vrertainl1es about the ChtY s abilily lo continue. Income Al income is included in the statement of financial activitEs when Ihe chanty 15 enlilled to Lhe income, any performance relaled conditions aliached have trEen mel or are fully wthin the control of the charity. Ihe income is considered probable arxj the amount can be quanlified with reasonable accuracy. The following specific policies are applied to particular categories cf income,. Donations ancl legacy IrMe is received by way ol tJon81ions, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Grants. where entitlement is not conditional on the (Jelivery ofa specific performance by the charity. are recognised when the charity tsecomes unconditionally enlitlecl lo ihe grant. Inveslment Ir(ne is included when receivable. Income from charitable trading activity is accounted fcx en earne(l. Other Income is accounted when receivable. 17
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting Policies {Continued} Operating Leases The charity classifies the lease olcertain types of equipment as operatsng leases as the lille lo the equiprnent remains with the lessor. Rental charges are charged againsl income on a slraighl-line basis over the period of the lease. Tangible Fixed Assets and Depreciation Deprecialion is provided on any fixed assets at raies calculate(J to write off the assets over their remaining useful lives as follow6.. Equipment Fixtures & Fitlings Plant & Machinery Freehold Property - 25% straight line on cost - 2(Y% straight line on cost 10% straight line on cost 2.5% straight line on cost A full yearfs depreciation charge is applied n the year of acqui51tion and no charge is made in the year of disposal. Impairment of Fixed Assets A review for indicators of Impairmenl is carri&J out at each reporting dale, wlh the recoverable amount beir¥J estimated where such indicators exist. Where the carrying value exceeds ihe recoverable amount. the asset is impairecj accordingly. Prior impairments are also reviewed for possible reversal at each repKxting date. Financial Instruments A financial assel C a financial liability is recognised only when the charity t)ecomes a party lo the contradual provisions of Ihe instrument. BasK financial instruments are initially recognised al Ihe amiyJnl ieceivable CK payable includirNJ any related transaction costs. Current assets and Cunt liabilities a subsequently measured al the cash or olher congderation expecied to be paid or received and nol discounted. Debt instrumerts are subsequently measured at amrKLised cost where Ihere is a materi81 adjuslmenl. Fund Accountirwj Unreslricled funds are available for use at Ihe discretion of the trustees in fLrtherance ofthe purposes of the charity Designated funds are unresrtteij furKJs eaM1ae by the trustees Specif F4JrF(Jses. Restricted funds are subjecled to restrictnS on their expenditure imposed by the donor. 18
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 37 MARCH 2023 Accounting Policies (Continued) Stocks Slocks are valued at the lower cost and nei realisable value, after making due allowance for obsolete and slow moving items. Judgements and Key Sources of Estimation Uncertainty The preparats'on of Ihe financial slatemenls requires management to make Judgernenls. e51irnates and assumplions Ihat affecl Ihe amounts retx)rted. These eslimales an(J Judgements are conlinually reviewed and are based on experien and other factors. includirYJ expectations of futu events Imat are believe(J lo be aSonable under the circumstances. There are no significant judgemerts or estimation uncertainty included within the financial statements. Pensions CARAD contributes to a defined contritxjtion E*nsion scheme. Further details can be round in Nole 9 For the defined conin'bution scheme. Ihe amount charged to the Statement of Financial Activities in respect of pension costs is the conlributions p8yatJle in the year. Differences between contributsons payable in the year arKJ contribubons acLually paid are shown as erther accruals or prepayments in the Balance Sheei. Legal Ststus The charity is a company limitefj by guarantee and has no share capilal. The liabilily af each member in the event of wnding up is limited to £1. The company18w members ol the charity are the members of its Board of Trustees. Income from Investments u[estriCted Reslricted Funds Funds 2023 2022 Interesl Receivable £8 £8 £3 The 2022 lolal of £3 was wholly attributable lo Unresiricted Funds. 19
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 37 WIRCH 2023 Income from Grants. Donations & Legacies Unrestricted Restricted Funds Funds 2023 2022 Art Fund Association of Independenl Museums CFW Ashley Famity Foundation CFW P0y5 Welsh Church Act Coronavirus Job RelenlK)n Scheme Crealive & Cultural Induslries Limiled Elan Links FMAG Accre(Jilalion Support FMAG Living Landscape Llysdinam Twsi Oakdale Trust PAVOIComic Relief- Wami Spaces PAVO Community Renewal Fund PAVO Discretionary Capilal Grant PAVO Loneliness & Isolation Fund PAVO Wellbeing Reimagined Fund Powys County C(wncil IPCCI PCC Community Venue Fund PCC Covid Community Recovery Granl PCC Summer Of Fun PCC Warm Spaces RhaYer Town Courcil Soil Association Welsh Government Welsh Govemment Capital Transfom)ab'on Welsh wat Communily Fund 1,500 770 2,987 4,500 1.074 6,977 1.608 2,173 2.950 6.434 6,434 6,000 5.000 5,678 7.668 4,000 5.678 7.668 550 2.500 3,082 2.500 2,500 2,000 718 7.209 2,055 912 400 718 7.209 2.055 912 2.241 150 7,500 140.589 500 178.151 16.5(MJ 38.574 55,074 Donations 852 1,466 2.318 487 £17.352 £40,040 £57,392 £178.638 Of the 2022 loial of £178,638. £1.561 was attributable to Unreslricled Funds and £177.077 10 Restricted Fund5.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUAFIANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 37 MARCH 2023 Income from Charitable Activities Unrestricted Restricted Funds Funds 2023 2022 Thealre. Museum & Studio Income Project Inc(ne 12.755 2.100 É14.855 12,755 2.1(K) £14.855 9,(X)8 5,231 £14,239 2022 total of £14.239 was Whol attril)utable to Unreslncled Funds. Expenditure on Raising Funds UnsIr1ded Restricted Funds Funds 2023 2022 Salaries & On Costs Allocated Support Costs 315 392 £707 The 2022 total of £707 was wholly attriLwlable lo UrwestrKte(J Funds. 21
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUAFIANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 ExwKliture on Charitable Activities Unrestricted Restricted Funds Funds Total 2023 Total 2022 Productioniproject Costs Workshoplprojecl Costs Purchases & Studio Materials 7.892 990 8.882 7,892 990 8,882 28,586 28.586 Support Costs Rent & Rates Deprecialion & Am¢ytisation Salaries & On Costs Othw Support Costs 20,042 1.322 5,562 22,881 29.151 25,604 24,203 29.151 3.048 82,006 28.145 20.061 30,296 9.645 88.147 3.048 24,412 57.594 Governance Costs AccountancyllndeperKient Examination Freelancelconsullancy Supp Allocated Salary Costs All(tated Support Costs 1.920 1,920 2,970 8,520 8,520 946 1,181 5,097 1.920 8.520 10.440 £26,332 £74.996 £101.328 £121.830 Of the 2022 total of £121.830. £30.124 was attr1(able to Unrestricted Funds and £91.706 to Restricted Funds. 22
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 37 MARCH 2023 Net lncomellExpelIture} 2023 2022 Nel incomellexpenditurel is stated aft chargingllcredilingl". Independent Exarninerfs Fees- current year Depreciation of owned Fixed Assets 1,920 24.203 2,970 20.061 Stsff Costs & Tntees. Remuneration 2023 2022 Gross Salary Cosls Employerfs National In5wance Employerfs Pension Contributions 28.894 31,249 257 £29.151 £31.557 No employee received remuneration of rne than £60.0(K) during the ye8r12022 - Nill. The charity (Jefines Key Management Perscnnel as Ihe Trustees. No remuneration was paid by the charily during the year to Key Management Personnel. 12022." £Nill. The average nvmt[ of staff employed during the year, calculated as full-time equivalenls, was as follows.. 2023 No 2022 No Artistic Production and Supt Pension benefits are txovi(ied thr(Igh a Group Pn81 Pensi Scheme, which is a defined contribution scheme. The assets of the scheme are helij separately from those olthe company in a separately administered funo. In Ihe year lo 31 March 2023 CARAD made an employer's contribLJtion of 3% of pensionable pay, provided that Ire employee makes a minimum contritr#Jb'on of 5%. These amounts are paiij over io the scheme on a monthly basis. Cortribulions of £47 were outstanding at 31 March 202312022.. £96). No remuneration has b&n paid to any TrusteegDirectcKs in the year12022.. £Nil). No reimtr*Jrsemenl has been made of any Travel arKI Subsistence expenses to Trustees in respect of iheir work on behalf of the charity12022-. £Nil} 23
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 &WIRCH 2023 10. Tangible Fixed Assets Freehold Land Freehold Buildings Plant & Machlnery Al 1 Apnl 2022 Additions At 31 March 2023 1CO.(M) 454.257 8,656 1(X).(KKI 454.257 8.656 Depreciation Al 1 April 2022 Charge year At 31 March 2023 142.677 12,348 155.025 821 866 1.687 Net Book Value At 31 March 2023 £icrf),(yy) £299.232 £6.969 At 1 April 2022 £11X).(KXI £311.580 £7.835 Fixtures & Fittirgs Equipment Fixed Assets Cost Al 1 April 2022 Additions At 31 March 2023 105.784 10,442 116,226 56.226 3,637 59,863 724.923 14.079 739.(J)2 Depreciation At 1 April 2022 Charge fcK year AL 31 March 2023 95.405 4.683 100.088 40.712 6.306 47.018 279,615 24.203 303.818 Net Book Value At 31 March 2023 £16.138 £435.184 At 1 April 2022 £10.379 £15,514 £445.308 Revaluation of Fixed Assets In November 2CM)9. lollowng a majrA conversion of Unil 1 to house the Rhayader Museum. the unil was revalued by Mccarthy. surveyors. at £220.octJ. based upon a freehold with vacant possession. An adjustment was made lo reduce the holding value of the Unil 1 assets to the valued amount. 24
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR EIVDED 37 AIARCH 2023 11. Stock 2023 2022 Goods for Resale 3.463 £3.463 3,552 £3,552 12. Debtors 2023 2022 Trade Deblors Accrued Income Prepaymenls 3,172 4.627 5,961 1,569 £4,741 £10,588 13. Creditors- Amwnts Falling t)ue Within 1 Ye 2023 2022 Other Taxes & Social Security Costs Pension Scheme Creclrt Tra(Je Creditors Income Received In Advance Olher Creditors Accruals 262 96 46,770 47 2,247 130 259 2,959 £5,642 1.179 3.033 £55,003 Analysis of Net Assets between Furxls Unrestricted Restricted Funds Funds Total 2023 Total 2022 Fixed Assets Stock Debtors Cash at Bank and In Hand Creditors- Amounis Due Wilhin l Year 61.750 435.184 445,308 3,463 3,463 3.552 4.741 4.741 10.588 18.092 22.856 85.230 5,642 5,642 55.003 £82.404 £378.198 £460.602 £489.675 373,434 4,764 25
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AIARCH a)23 16. Analysis of Charitable Fund at Incoming Resources Fund at l Apnl Resources Expended 31 March 2022 in Year in Year 2023 Unrestricted General Fur 76,521 32.215 126,3321 82,404 Restrided Funds Art Fund Ashley Family Foundation Capilal Project CFW Ashley Family FoUlatIon CFW Powys Welsh Church Act Community FouTh1ation in Wales Communily Foundation Wales Donation- Music Pfoject Donations- CurtainlLaplop Elan Links Elan Valley Trust FMAG Accredilalion Suppcwl Moondance Foundation MUsm Project 08kdale Trust PAVO Community Renewal Fund PAVO Discretionary Caprtal Grant PAVO Loneliness & Isolation Fund PAVO Social Development Fund PAVOIComic Relief- Warm Spaces PCC Community Venue Fund PCC Covid Cornmunity Recovery PCC Summw 01 Fun PCC Warm Spaces Rhayader Town Council Skinners. Lady Neville Charity Soil SOCiall0n Welsh Government Capital Transformalion Grant Welsh Water Communily Fund 999 19991 18001 14,2941 12,9871 14,3801 13551 12541 2,4(X) 189,732 194.026 2.987 120 2,481 2.836 254 430 1,036 6.434 430 828 12081 16.4341 13.9271 {1941 12981 14,5191 18.0401 17,6681 11251 12,5(K)I 1111) 15.3241 11801 17,2091 12,0551 19121 3,927 581 597 88.680 387 299 84.161 960 7.668 375 250 2,500 219 354 538 2.5 330 5,678 718 7.209 2.055 912 4(X) 400 11001 11501 (10,4731 102.612 92,139 5(K) 413.154 15001 174,996} 378,198 Totsl Funds £489.675 £72.255 £1101.328) É460,602 26
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 37 MARCH 2023 16. Analysis of Charitable Funds {Cont.I Name of Restricted Fund Description. Nature & Purpose of the Reslricted FurKJ rt Fund RespKJnd arK1 Reimagine funding fi a part-lime Digit31 Project Officer and for part of an outdwr exhibitK>n space Ashley Family Foundation Towards the costs of a graphic designer and participalcry artisudesigner and of communily engagement ork arourKJ new museum displays Capital Projecl Catmtal granls received to funcl the acquisition and ginal refUrbiShfft of the charity's propety Community Foundation WaS Family Foundation Ashley FundirKJ lowarcls Nature Talk and Draw workshops Church Fund in Wales Powys Welsh Towards Ihe cosis of a project to create a 3D Church Act prirted map Community Foundation in Wales Towar(Js the cost of IT equipment Community FOundatn Wales Funding from Ihe Coronaviru5 Resilience Fund lo buy ano modify a new dragon trailer. 5UPPOrt VK)rkshops and engage a Projects Officer Donadon- Music Projed Towards the cost of MUS workshops tbnatsons- CurtainlLapto Towards the purchase of curtains and a laptop Elan Links Toward5 the cost of an Archiving Assisiant Elan Valley Trust Towards Ihe cosi of employing a Support Officer Fedefation of Museums & Galleries in Towards Ihe cost of museum equipment Wales Accreditati Sut4)0rt Moondance FourKlati Toward5 the cost of a Carnc Mu5eurn Project Funds received towards the Rhayader and District ChrOnleS Museum and outreach prqect 27
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AIARCH 2023 16. Analysis of Charitable Funds (Cort) Name of Restricted Fund Description. Nature & Purpose of the Restricted Fund Oakdale Trust Towards the cosl of voluntlIn[erpretatIOn Officer employirrfJ PAVO Community Renevrdl Fund Towards the cost of a sustainabilrty port PAVO Discretionary CaEMtal &ant Towards the costs of a laptop PAVO Loneliness & Isolalion FurKI Towards the costs of a short-term contract for volunteer engagement and digital work PAVO &Kial Development Fund Towards the costs of empk)ying a temporary Digital Project Officer. including IT EoLJipment PAVOIComic Relief- Wami Spaces Towards the cost of prowdirMJ Warm Spaces PCC Comrnunity Venue Fund Towards the cost of PA systems PCC COVID Community Recovery Towards the cost of recovery from the impact of COVID-19 PCC Summer Of Fun Towards the cost of a Summer Of Fun programme PCC Wami Spaces Towdrds Ihe cost ol providing Warm Spaces Rhayader Tow) Council Towards the cost of a music project Skinners, Lady Neville Charity Towards the cost of erKJaging support from young people from the local community to assist wilh a heritage [QjeCt Soil Association A Food F( Life Get TetherS Plant and Share grant towards malerials for a project to insiall raiseij beiis Welsh Govnment Transf(xmation Granl Capital TowarLls the refurbisttmenl of the Museum in Unil l iluding the installation of a mezzanine floor Welsh Water Communily Funol Towards ihe costs of creating and upjating outdoor space 28
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 17. Related Party Transactions There were no transactnS in the year wth related parties, such as are reouired lo be disclosed under the Financial Reporting Standard for Smaller Enlilies (Effeclive April 2(M)8) 12022.. Nlll 18. Taxation The company is a registed charily and no provision is congdered necessary for laxalK)n. 19. Financial Commitments No material financial comrnilments have b&n made in respecl of futu financial periods. CoMpY Limited by Guarantee The charity is inccwated under the Companies Act 1985 and is limited by guarantee. each fflember having urKiertaken to contribute such amounts nol excee¢Jing £1 as may be required In the event of tro company being WOU up whilst he or she is still a member or within one year thereafter. There are currently 8 members of the company12022 - 8 memt)ersl