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 2024 ADE21V13T 1911¢Y2024 COMPANIES HOUSE
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COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Community 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 Act 2006, the Board of Trustees is Ihe Board of Directors of the charitable company and is referred to as the Trustees throughout this report. The Trustees of Community Arts Rhayader And District ICARADI during the period and to Ihe date of signing Ihis report are as follows.. Ms C A118n (Chairl MslKBass Mr P Cox MBE Ms H M Curry Ms M Elster Ms T L Milchell MsJAETyler Mrs J Woroan Resigned 1 July 2024 Resigned 21 February 2024 Independent Examiner Mr P O'Hara FCA, Chartered Accountant, 26 La Sagesse, Jesmond. Newcastle upon Tyne NE2 3AF
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2024 The Trustees. who are also Directors for the purposes of company law. present their report and the unaudiled financial statements of Ihe charity for the year ended 31 March 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Documents CARAD is a charitable company limited by guarantee, incorporated on 6 November 1998 and registered as a charity on 14 January 1999. The charity is controlled by ils governing document. its Memorandum & Articles of Association, and constitutes a limited company, limited by guarantee. as defined by the Companies Act. The Directors of the company are also Trustees of the charity. Eligibility for membership of the charity, and membership of the Board of Truslees. is governed by the Articles of Associalion. There are no restriclions in the governing document on the operation of the charity other than those imposed by general charity law. Charitable Purpose The Objecls of the charity are to promote the benefit of the inhabitanls of mid-wales without distinction of sex, sexual orientation, race or polilical, religious or other opinions by associating together the said inhabitanls and the Local Authorities, voluntary and other organisations in common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupations with the object of improving the conditions of life for the said inhabitants. structure and Governance The charity currently has a Board of six non-executive Trustees. The Board meets a minimum of four times per year. The Board receives written reports 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 timely basis. Ongoing governance of the charity is maintained through regular meetings with the Director. We have had one resignalion at the end of 2023124 and all Trustees have contributed to the running of CARAD. We have held regular Board meetings and communicated via phone and email if any decisions needed to be made or information shared between meetings. The Chair would like to thank fellow Trustees for their support and especially to thank Krysia Bass as Co Director. Tess Mitchell and Jose Worgan for their work on the displays and collections and Peter Cox for their long hours of hard work and support over Ihe year. We would like to thank our Museum Mentor, Carol Whiltaker, (who also attends Board meetings) for her considerable expertise and advice over Ihe year. Recruitment and Appointment of Board of Trustees Trustees are elected to the Board based on discussions and recommendations offered by Trustees and outside advisors 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 the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) Truslee Induction and Training New Truslees are inducted by the Chair of the Board and Director and are provided with a range of resources to support their understanding of CARAD'S activities. The balance of the Board is reviewed on an annual basis with reference to current skills on the board and the operational needs of the charity. Trustee training is delivered either through external advisors or charity members of staff. Staffing We wish to thank all our slaff for Ihe dedicalion Ihey put into Iheir work and their willingness to work flexibly to respond to often unexpected demands or events. In particular.. Michelle Thomas has been our Finance Officer. who has kept the books balanced and ensured thal funding is correctly allocated. She has produced financial forecasts and calculations to support various funding bids. Aster Woods, our Digital and Projects Officer, has run our social media and website. She produced our regular newsletler and run and designed with us our digital. graphic displays. and other projects. Elaine Lewis has been our excellent cleaner over the year. Luke Lawrence has been kept on until December 2023 via funding from Elan Links to continue archiving the colleclions onto specialised digilal management software. This will make them accessible to a wider public. Rosie Slay was seconded lo CARAD in January 2024 from Elan Links Landscape Partnership to help facililate Ihe opening of Timescape Rhayader in July. We have employed session workers to run workshops and outreach evenls and to do some maintenance work, including Timescape display building along with volunteers. We would particularly like to thank Rob Hill, Jane Mason and Gemma Jones as regular session staff. Reserves Policy The Truslees have reviewed the charity's needs for reserves in line wilh the guidance issued by the Charity Commission, having reviewed the risks facing Ihe organisation, seeking lo maintain a level of reserves which enables the charily lo operale effeclively wilh financial stability and the means lo fulfil its charitable purpose. The Trustees aim lo hold a level of Unrestricled Reserves which enables the charity to have sufficient working capital to continue to operale and also reflecls the risks associated with shortfalls in funding. especially withdrawal of support from existing funders. If alternative sources of funding were not forthcoming, then this amounl would provide the means for CARAD lo settle any oulstanding contracts and close the company in an orderly manner. We have reviewed these costs in relation lo statutory redundancy pay and the liabilities for our building We have calculated these as £10,000 for statulory redundancy costs and staff notice periods, plus a further £15.000 to £20.000 for Ihe building-related costs, insurance and services. Therefore, the Truslees anlicipale Ihe Unrestricted Reserves needed to fulfil these criteria as £10,000 as a minimum. and the larget level of Unrestricted Reserves to be in the range of £25.000 to £30,000.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT {CONTINUED) Reserves Policy (Cont.) The charity's total Unrestricted Reserves at 31 March 2024 are £60,716. Free Reserves, defined as non-designated Unrestricted Reserves minus the value of Unreslricled Tangible Fixed Assets {£65,306), are therefore £{4,590) and therefore fall below the target range. The Trustees aim, Ihrough their budgeling processes, to restore Free Reserves lo within Ihe target range within 3 years. The Board regularly reviews the level of reserves that are required to ensure that they are adequate to fulfil our continuing obligalions and to allow Ihe organisation to fulfil ils charitable purpose. Grant Making Policy The charity does not currenlly engage in grant-making activily. The Contribution of Volunteers The day-to-day running of the organisation has been done by two Trustees, Catherine Allan and Krysia Bass, acling as pro bono co-Direclors. Trustee Peter Cox has continued the logistical work needed lo deal with, move and sort project materials, Timescape artefacts, as well as supporting volunteers and the inslallation and design process. We have been very well supported by other volunteers, In 2023124, we had 58 volunteers delivering 5.100+ hours of voluntary work and expertise. doing lasks such as.. Administration. fundraising, management Community liaison, volunteer support Timescape's collections management Logistical support re moving objects and managing storage and malerials Timescape displays - design and content research and collaboration, building display units. painting and display creation Translation support, digital support Outreach activity including logistics and public engagement. stewarding. delivering and supporting aclivities and workshops Digital aclivities Stewarding and front of house in Timescape Rhayader . and all the small and larger ways in which volunleers have helped deliver the charity's objectives. We have been fortunate in atlracting new. younger volunteers to help us. Our work builds community cohesion, environmental awareness and strives to achieve social justice. Our projecls offer support to help the health, wellbeing and improve the skills of individuals and where appropriate, their employabilily and this would not be possible without our volunteers.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT For the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) The Contribution of Volunteers (Cont.) However vital a role our volunteers play in the organization, we are fundraising lo be able to employ paid staff. The organisation is reliant on two full-time Trustees in particular. both of whom have found the process of redesigning and redeveloping the museum into Timescape Rhayader physically and mentally challenging This makes CARAD vulnerable should one or both become unable to continue in post. OBJECTIVES AND ACTIVITIES Public Benefit The Trustees understand and have discussed the implications of the provisions of Ihe Charities Act 2006. which stale thal all charities musl demonstrate that they are established for public benefit, and have had due regard to the public benefit guidance issued by the Charity Commission. The Trustees believe that the charity meets both of the key principles. Principle 1 There must be an identifiable benefit. or benefits Learning and participation are at the heart of CARAD. The organisation carries out in-house workshops and activities and an outreach programme for schools and community groups. CARAD has a programme of learning aclivilies and events specifically designed for children and young people, including formal, informal and family focussed workshops. Principle 2 - Benefit musl be to the public, or a seclion of the public CARAD'S work is available to all members of the public. Our participant backgrounds range from local to refugee families, families in crisis or with difficult circumslances, neurodiverse participants of all ages, participants with a range of and complex combinalion of mental and physical health issues and those with fewer resources Ihan many in this already resource-poor community.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 37 March 2024 OBJECTIVES AND ACTIVITIES Risk Management The Trustees of the charily regularly review the major governance, operational and financial risks which the charity faces as part of its annual business planning process and confirm that systems have been established to mitigate these risks. CARAD has a risk management strategy in place which comprises.. an annual review of Ihe strategic risks the charity may face via the business plan the establishment of systems and procedures to mitigate those risks identified the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. The Trustees are satisfied that appropriate financial systems and controls and employment policies and practices are in place. The Trustees consider the key risks facing the charity al this time and the miligaling actions taken to be as follows.. Vulnerability lo the loss of key leam members, particularly in respect of reliance upon Iwo Trustees lo manage CARAD on a full-lime basis Fundraising strategy to targel funding to support the appointment of paid staff lo manage the day-to-day running of CARAD Failure to secure adequate funding income (from trusts and foundations, earned income, individual giving and the impact of any shortfall on liquidity of the charity}'. Fundraising strategy regularly reviewed by Trustees and amended where appropriate. Regular review of reserves policy along with financial forecasts, cash flow management an(J review of operational business plan. Navigaling the challenges arising from Ihe current economic climate. maximising income generation, fund raising and donations, minimising expenditure at a lime ol uncertainty. Regular financial monitoring, flexibility and adaplability adapted as keystone principles within our business plan. Trustees also manage the general financial risks arising by ensuring that.. Prudent budgets have been sel for the nexl.financial year The charity maintains a prudenl. low-cost operating base Regular management accounts are provided. showing performance against budgel Conlingency plans are in place should Income levels appear unlikely lo reach targets Reserves policies have been adopted which provide an appropriate amount of uncommilted reserves which will enable the charily to meet its liabililies.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 37 March 2024 ACHIEVEMENTS AND PERFORMANCE Summary of main achievements of the charity during the year The Museum: Timescape Rhayaderl Amserwedd Rhaeadr Gwy. We have been working with around 58 volunleers this year and are in a final push to open the redeveloped Timescape by the end of July 2024. This will provide the area with an all-weather visitor attraction which will help people to understand our area and plan to visit other local places. This redevelopment and interpretation has been the main focus of our work this year. Our volunteers come from a wide range of backgrounds with many facing one or more challenges in terms of physical and mental health, social or family difficulties and disabilities. For example, we have several autistic volunteers who also have learning difficulties. We are proud of the difference we have made lo their lives. It is pleasing to see people come to us who were completely lacking in confidence and felt unable to hold a conversation, change into confident people who can laugh and feel safe and valued. Carers have also benefitted, either by having some social activities (one mother with three autistic boys was able to do some craft work and have time out knowing her adult sons were occupied.) or be able to go shopping on their own for a couple of hours a week. They also contributed to display making. We have worked with the local school to provide information to support teaching elements of the curriculum. We have developed Special Educational needs backpacks and map for Timescape. This financial year was spent finalising the designing of new displays and installations ready for guided tours over Ihe summer. The tours proved very popular with excellent verbal feedback. top appreciation scores and some useful suggestions which we were able to implement. We used the tours to do extra communily consultation lo determine what our community and visitors would like CARAD lo do or what needs needed lo be met. We used the winter closure to finalise the displays, interpretation and visltor flow, ready for our full opening in May 2024. Some extra tours were held for key communily groups such as the local Memory Circle group for people with dementia, local teachers. and friends and relalives of locals who had donated items to the previous incarnation of Rhayader Timescape as well as more informal tours for key visitors from the museum, local government and arts and heritage sectors. We have had visils from academics and professors from Aberystwyth and Lampeter Universities and the Strata Florida Trust lo look at our collection of medieval monastic objects. We have continued to accept relevant donations from the community, some of which were timely in informing the lelling of a particular story We have taken advice from our Museum Mentor Carol Whittaker. We have answered many queries from local people and visitors where we could and redirected those questions to local people where we weren't able to answer them ourselves. We have also been able to continue to work on our archives. Most of our activilies have a heritage element. are based around the collections or local cullural history and currently have strong themes of raising awareness of the climate emergency, promoting sustainable behaviours and sense of place.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 37 March 2024 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Summary of main achievements of the charity during the year (Cont.) The Welsh Museum Festival As well as popular talks, we ran events which could support the display development eg Creating a Cellic rainforest installalion with craft and awareness raising activities. We also held an eco rave for families with associated activities lo raise awareness of Ihe climate and biodiversity crisis with music and animation by internationally touring animation artist and electronic music creator and DJ Steevio and Suzybee. We also held a day long clay workshop - 'what item which would represent your self would you leave behind, with Elan Links artist in residence Gweni Llwyd. Our Outdoor Exhibition Space We have conlinued to maintain our outdoor space wilh the help of volunleers and put in new container gardening and an example of an upcycled container planting with the help of volunteers We have also been able to do some work lo maintain the rest of the grounds to enable projects to happen (for example, Hearth and Homel, and improve access. Online Networking and Training We have atlended many online meetings where initialives lo get organisations to work together and form supportive networks have been commissioned by local and national government to try to counteract the funding shortfalls and promote co working. Most folded when the facilitators, roles ended. We have attended Iraining on.. Carbon Literacy for museums, several climate change related workshops including Culture Climate and Nature, funding training including 'Meet the Funder, sessions, Volunteer Management, several workshops with 'Kids in Museums: Activities for Children and Young People with addilional needs and engaging families wilh children of different ages. We have also attended an online session with the Neurodiverse Museum. Events and Activities International Women's Day: As well as an exhibition which featured the stories of local women, we asked authors, storytellers and performers who live locally to presenl and perform their work. Jay Griffilhs. Mellem Arican, Chrisline Walkins and Angela Jones presenled and talked about their work. Singer and artist Kate Green performed and a specially commissioned piece was performed by aerialist Kate Hart. She told the story of Victorian climber Emmeline Lewis Lloyd a pioneering local mountaineer from Ihe Elan Valley. Cocktails were made by a mixologist, named after significant Welsh women. We atlended Landed Feslival and ran two days of workshops upcycling charily shop rejected clothing and a held a 'fashion show, with the results to highlight the problems of fast fashion. We were working with MA student Jane Mason. We also had an installation reusing our giganle puppets as giant's DJS. For Carnival this year, we only had Ihe capacity to take part in the procession.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2024 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Summary of main achievements of the charity during the year (Cont.) We ran two workshop days for Ihe Art Fund's Wild escape with additional funding from Community Foundation Wales Powys Church Acts Fund. We were at the RSPB Woodland Festival in the Elan Valley Visilor Centre. with activities to raise awareness of our local habitats and Ihe interconnecledness of the eco syslems. We also ran a Timescape nature trail for a week with a day of activities. Storytelling We held a successful and popular evening of storytelling with Daniel Morden in conjunction with Radnorshire Wildlife Trusl. We received a legacy which we matched by the Brynlitli fund administered by Rhayader Town Council and ran four drumming workshops for local children. These had an exceptional lutor who we would like Lo work with again but had a low turnout. Warm Spaces or Crafternoons We were able to continue our warm space iniliative, renamed Crafternoons. We have been able to run weekly afternoon drop ins which had a craft workshop teacher, a paid facilitator to meet and offer support or additional informalion to participants and a volunteer support person who was also very good at chatting and welcoming people. We again found that the group was very successful in helping people to form strong bonds, reduce isolation, feel safe and share difficult life experiences. This sharing proved to be very healing especially for those suffering from poor mental health. We have for example those with PTSD, trauma from multiple bereavements and abuse. We have participants with physical disabilities from mobility problems, recovery from surgery and have two regular deaf participants. We have those who are older and lonely or who don'l know many people in the area. They have all bonded into an accepting and supportive group of around 20 regular attendees. We are fortunate as we can offer a progression from participation to volunteering lo enable people to find their place in the community and make new friendship nelworks. In particular, one participant ended up running one of the workshops to introduce people to her craft skill. Several olhers helped with creating displays and learnt to clean museum objects before displaying. Others helped with other CARAD volunteer work Because of the capacily issues we had last year, we decided lo restrict the sessions to over 11- year-olds and seek other funding for regular activities for families with younger and neuro diverse children. This was helpful for participant's wellbeing. Activities were still free to reduce any sligma of needing to be publicly supported. We offered refreshmenls and snacks. We also offered games, puzzles and chal for those who did nol wanl lo do the crafting aspects of the Crafternoon. We enabled people to experience 22 different crafts, some of which participants went on to take up for themselves. The sessions were so successful that our volunteer offered to sponsor an extra 5 sessions over the summer. These however were less well attended - because summer is a busier time for many of our participanls. 10
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2024 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Summary of main achievements of the charity during the year (Cont.) New Audlences and Partlcipants We have a very diverse volunteer and participant base (for this areal and that is reflecled in Ihose we work with. Our participant backgrounds range from local individuals and families, families in crisis or with difficull circumslances, neurodiverse participants of all ages, participants with a range of and complex combination of mental and physical health issues and those with fewer resources Ihan many in this communily Essentially, we cater largely for people who are nol in paid employment in the day for a variety of reasons. These have always come Ihrough our doors, but their number is a great deal more since Covid. For this reason, we make every effort to offer free aclivities and a welcoming and safe space. Digital Engagement Overall, our digital activity has improved. and we have a good presence with a diverse range and ages of people and good feedback from commenls. Posts about local heritage and folklore are popular, followed by Ihose on upcoming events. Online Engagement Figures - 1 April 2022 - 31 March 2024 Website visits.. 5,174. Websile visilors.. 2,655 Facebook.. 1 ,500 followers, 4.800 interactions169.3% increase), 35.000 reach (30.4% increase) Instagram: Followers 435, reach 1601 (49.8%increase) interactions showed a l 00% increase YouTube. 898 Views, 20% increase in subscribers Partnerships We have provided the community engagement and heritage environmental projects with wildlife and landscape organisations to raise awareness of the effects of climate change, draw attention to our unique landscapes and biodiversity and suggest ways in which people can play their part in making a drfference but also show how this can save them money. We have reached all ages with these projects and have been chosen by the Welsh Government to be a case study to illustrate effective community work in this area. We had a very positive final external evaluation for our part in the Rhos Pastures Project with the Radnorshire Wildlife Trust. The report was extremely positive in highlighting the level of local and national awareness-raising and increased local knowledge about and emotional investment in this habitat as a result of our activities. Elan Llnks Landscape Partnership Scheme. Many of our charitable and activily aims were delivered via the scheme thanks to fLJndino from HLF which allowed the employment of very able officers. We were able to work with them to deliver scheme outcomes. We ran a Poetry Map workshop in Birmingham and locally with poet Lee Mackenzie, the results are displayed in Timescape
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 37 March 2024 ACHIEVEMENTS AND PERFORMANCE {CONTINUED) Summary of main achievements of the charity during the year (Cont.) The Archaeology Festival in the Elan Valley was hugely successful with around 2,500 people altending. despite lorrenlial rain, with two days of reenaclmenls and participatory heritage crafts and displays, talks and demonstrations. Hearth and Home was held at CARAD soon afterwards with two busy days of family hands on heritage domestic crafts and activilies in and around our buildings. We had around 150 atlendees. This was really welcomed by facilitators as the community was very enthusiastic compared to the more urban and wealthier audiences they usually interacted with in larger stately homes - or places which charge high entry fees. They commented on how refreshing it was to meet people who were nol familiar with Iheir work or crafts. We atlended the Royal Welsh Show wilh Elan Links for four days, contributing to displays and activilies for visitors, Watershed. This was a final event of the Artist Residency Programme, part of the Elan Links Scheme, where we held an exhibition and showed how successful the event was both for local artists and local people. We used the occasion to show the economic, cultural, personal and cultural regeneration benefits of the residencies and how having cultural and arts activilies can change an area. As well as a celebration, we held a wide-ranging discussion aboul the place of the arts in mid Wales and why they are needed and how we could build on that success. We conlributed lo a heritage exhibition in Highbury Hall, Birmingham, and arts exhibitions in Midland Arts Centre, Birmingham and Aberystwyth Arts Cenlre. Feslival of the Five Senses - aclivily days based around awareness of the nalural environment via the five senses. We took part in an end of project Elan Links event. Two digital 3D films were produced. reconslructing life in the Cwm Elan Mine and Roman Marching camp which are currently available to see in Timescape. We held Minecraft days in the Elan Valley and two in Birmingham We collected many oral hislory recordings which are still ongoing and being processed. Advocacy One of our roles is advocacy at national level, either online or in person, something which is vital given the reduction in public service funding and access to arts or heritage in the area. CARAD has continued its outreach and family heritage work, Using creative ways to enable local families to feel part of the community. Trustees Calh Allan and Peler Cox were inviled lo speak at Ihe Welsh Theatre and the Climale Crisis conference in Aberystwylh. We hosted and helped to facilitate a consullation event about Future Arts Provision in Powys from which an arts strategy would be developed.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2024 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Summary of main achievements of the charity during the year {Cont.) Community classes and conferences We have hosted: Pilates, Yoga, various exercise classes, Line Dancing, adult and children's aerial skills. sessions for Mind on Bereavement support, New Mother's Group, and 'Get back active, sessions, four sessions by a doula for pregnant and new molhers several talks about the natural world and local heritage Rhayader By Nature lalks Radnorshire Wildlife Trust soil sampling workshops Music nights with local musicians Energy advocacy and referral Nalional Resources Wales conference Arts Connection communily workshop We also attended a 'VVhat Next, careers day for people with additional needs and disabilities to highlight the opportunities in the sector and of volunteering if employment was too challenging an option. Fundlng At the start of Ihis financial year, we were still impacted by the legacy of Covid and lockdowns. Our usual income streams were lost and have still nol fully recovered. We have worked hard to keep up with the day-to-day management of the organisalion and increase the number and delivery of ils projects. We have been greatly helped by slatulory Covid relief funding and the project funding which has allowed us slill to deliver our charitable aims. Our museum was closed and therefore income from entry fees and the shop missing We were very affected by price rises which ate into the budget and heavily impacted what we could do. The funding outlook is challenging and looks likely to remain so for some time. Funders We would like lo very much Ihank the funders mentioned later in this report for investing in our work and for the support they have given us. Without Ihem, we would not 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 deficit of £{21.688)12023.. Surplus £5.883). The deficit will be deducled from Unrestricted Reserves, leaving a balance on Unrestricled Funds at 31 March 2024 of £60.716.
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 37 March 2024 FUTURE PLANS We will continue lo be advocales for Rhayader and District to local and national governmenl. 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 to services. transport 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. abuse and ill health that many live with. It also leads lo a feeling of disempowerment and disenfranchisement. Our cultural and community engagement work brings significanl funding and other benefil into the area via partnership projects which would not happen without our participation. It allows people to access arts and heritage experiences and also knowledge which would be missing from the area. More specifically we want to develop.. Our education offer to schools and lo home schooled children. Our young people's engagement program and projects Develop our outdoor space - particularly lo run family heritage and craft events and lo engage ALNI SEND and NEET projects. We do have a challenge in Ihal we have to remove a large ash Iree with ash die back as well as smaller trees with rol in danger of falling. Our focus is increasingly on how climate change will affect our community, how they can be included in decisions made and understand the choices they will be asked to make. We want to continue to incorporate this in all our upcoming programs. We are developing two cultural heritage 'trails' _ working in partnership with mid Wales arts and heritage providers lo enable joint marketing and projects, advocacy for our sector and to increase the positive economic and wellbeing effects of the cultural sector. We are planning to reboot our arts programs and projecls after focusing on Ihe redevelopment of Timescape Rhayader. We need to recruit staff and new trustees to safeguard the future of the organisation. We also need to offer new and updated training to all slaff and volunteers on safeguarding. We would like to go back to a wider program of outreach work. We also need to recruit more volunteers lo provide Front of House and invigilation cover for Timescape Rhayader to maintain and possibly increase our opening times. 14
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2024 RESPONSIBILITIES OF THE TRUSTEES The Truslees {who are also the Directors of CARAD for the purposes of company law) are responsible for prepaiing the Trustees, Annual Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial slatements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for Ihat period. In preparing Ihese financial statements. the Trustees are required to.. select suitable accounting policies and then apply Ihem consistently., observe the methods and principles in Ihe Charities SORP, make Judgmenls and estimates Ihat are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial stalements.. prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihat the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records Ihat disclose with reasonable accuracy at any time the financial position of the charitable company and enable Ihem to ensure that the financial stalemenls comply with the Companies Act 2006, The Trusiees are also responsible for safeguarding the assels of the charitable company and hence for taking reasonable steps for the prevention and delection of fraud and olher irregularities. Signed on behalf of the Trustees Catherine Allan Chairrrrustee Company Registration Number 03663661 16 October 2024
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF COMMUNITY ARTS RHAYADER AND DISTRICT FOR THE YEAR ENDED 31 MARCH 2024 I hereby report to the Trustees of CARAD (Charity Registration Number 1073317) on my examination of the accounts for the year ended 31 March 2024 set out on pages 17 lo 30. Responsibilities and Basis of Report As the charity's Truslees (and also its Directors for the purposes of company law), you are responsible for the preparation of the accounls in accordance wilh the requiremenls of Lhe Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audiled under Part 16 of Ihe 2006 Acl and are eligible for independent examination. 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 145{5) (b) of the 2011 Act. Independent Examinetrs Statement I have completed my examinalion. I confirm that no matlers have come to my attention in conneclion with the examination giving me cause to believe.. accounting records were not kept in respect of Ihe Company as required by section 386 of Ihe 2006 Act., or 2. the accounts do not accord with Ihose records.. or 3. the accounts do not comply with Ihe accounling requirements of section 396 of Ihe 2006 Acl other Ihan any requirement thal Ihe accounts give a 'true and fair view, which is not matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods or principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable irs Ihe U K and Republic of Ireland (FRS102)1. I have no concerns and have come across no other matters in connection with the examinalion to which altention 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 Inslitute of Chartered Accountants in England & Wales 26 La Sagesse. Jesmond, Newcastle upon Tyne NE2 3AH 16 October 2024 16
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Note Unrestricted Restricted Funds Funds Total 2024 Total 2023 Income Income from Investments 33 33 Income from Granls, Donations & Legacies 5,761 47,292 53,053 57.392 Income from Charitable Activities 10.061 10,061 14,855 Total Income 15,855 47,292 63,147 72,255 Expenditure Expenditure on Charitable Activities 37,543 61.662 99,205 101,328 Total Expendlture 37.543 61,662 99,205 101,328 Net Incomel(Expenditure) (21.688) (14,370) 136,058) {29,073) Balance brought foward at 1 April 82,404 378,198 460,602 489,675 Balance carried fonmard at 31 March £60,716 £363,828 £424,544 £460,602 The noles on pages 19 lo 30 form part of the financial statements. All of Ihe aclivilies of Ihe company are classed as continuing. The Statement of Financial Aclivilies includes all gains and losses in the year and therefore a statement of total recognised gains and losses has nol been prepared. 17
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITIONIBALANCE SHEET ASAT37 MARCH 2024 2024 2023 Notes Fixed Assets Tangible Fixed Assets 417.182 435,184 Current Assets Slocks Debtors Cash At Bank & In Hand 5,240 5.248 5,814 16,302 3,463 4,741 22,856 31.060 10 Credltors- Amounts Falllng Due Withln 1 Year (8,940} 15.642) Net Current Assets/(Liabililiesl 7,362 25,418 Total Net Assets £424 544 £460,602 Represented by: Unrestricted Reserves- General 60,716 82,404 Restricted Reserves 14 363,828 378,198 £424,544 £460,602 The notes on pages 19 lo 30 form part of the financial slalements. The Trustees are salisfied that for the year ended 31 March 2024 the charity was entitled lo exemption under section 477121 of the Companies Aci 2006. The Trustees also confirm that the Members have not requlred the charity to oblain an audil in accordance with section 476 of the Companies Act 2006 The Trustees acknowledge their responsibilities for.. li) ensuring thai the charity keeps adeouale accounting records which comply with section 386 of Ihe Acl. and lill preparing fin8ncial statements which give a true and fair view of the state of affairs of the charity as al Ihe end of the financial year and of its profit or loss for Ihe financial year in accordance with the requirements of section 393, and which otherwise comply wilh the requirements of the Aci relating lo financial slalefflents. so far as applicable to Ihe charily, These financial statements were approved and signed by a Member of the Board of Trustees on 16 October 2024. LiÉth iu Catherine Allan Trustee Company Registration Number 03663661 18
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies Basis of Accounting These financial slatements have been prepared in accordance with applicable United Kingdom accounLing slandards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, {'FRS 102.1, and with the Companies Act 2006 and the Statemenl of Recommended Practice (Charities SORP FRS 102) "Accounting and Reporting by Chanties" and the Charities Act 2011 The financial slatements have been prepared on the historical cost basis, modified to include certain financial Instruments at fair value. Advantage has been taken of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cashflows. The financial statements are prepared in slerling, which is the functional currency of the charity. Taxation Status CARAD is a Charity registered under the 1960 Charities Aci and is accorded exempllon from liability to taxation on its income under S505 Income and Corporation Taxes Acl 1988. Going Concern There are no maierial uncertainties about the charity s ability to continue. Income All income is included in the statement of financial activities when the chafily is enliLled to the income, any performance related conditions alLached have been met or are fully within the conlrol of the charity. the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Donations and legacy income is received by way of donations. legacies, grants and gifts and is included in full in the Statement of Financial Activilies when receivable. GranLs, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Investment income is included when receivable. Income from charitable trading activity is accounled for when earned. Other income is accounted for when receivable. 19
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 37 MARCH 2024 Accounting Policies (Continued) Operating Leases The charity classifies the lease ofcertain types ofequipment as operating leases as the title to the equipment remains wilh the lessor. Rental charges are charged against income on 8 slraighl-line basis over the period of the lease. Tangible Fixed Assets and Depreciatlon Depreciation is provided on any fixed assets at rates calculated to write off the assets over their remaining useful lives as follows,, Equipment Fixtures & Fittings Planl & Machinery Freehold Property 25% straight line on cost 20% straight line on cost 10% straighl line on cost 2.5% slraighl line on cost A full year's depreciation charge is applied in the year of acquisllion and no charge is made in the year of disposal. Impairment of Fixed Assets review for indicators of impairmenl is carried out al each reporting dale, wilh the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairmenls are also reviewed for possible reversal at each reporting date. Financial Instruments A financial asset or a financial liability is recognised only when the charily becomes a party to the contractual provisions of the instrument. Basic financial instrumenls are initially recognised at the amount receivable or payable including any relaled transaction costs. Currenl assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and nol discounted. Debt instruments are subsequently measured at amortised cost where there is a malerial adjustment. Fund Accounling Unrestricted funds are available for use at the discretion ofthe truslees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trusiees for specific purposes. Reslricted funds are subjected to restriclions on their expendilure imposed by the donor. 20
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies (Continued) Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance fc obsolete and slow moving items. Judgements and Key Sources of Estimation Uncertainty The preparation ofthe financial statements requires management to makejudgements, estimates and assumplions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectalions of future events that are believed to be reasonable under Ihe circumstances. There are no significant judgements or estimation uncertainty included within the financial statemenls. Pensions CARAD contributes lo a defined contribution pension scheme. Further details can be founij in Note 9. For the defined contribution scheme, the amount charged to the Statement of Financial Aclivilies in respect of pension costs is Ihe contributions payable in the year, Differences between contributions payable in Ihe year and contributions aclually paid are shown as either accruals or prepayments in the Balance Sheet. Legal Status The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The company law members of the charity are the members of its 8oard of Truslees. Income from Investments Unrestricted Restricted Funds Funds 2024 2023 Interest Receivable 33 £33 33 £33 £8 The 2023 lolal of £8 was wholly atlributable to Unrestricted Fun(5s. 21
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Income from Grants, Donations & Legacies Unrestricted Restricted Funds Funds 2024 2023 Community Foundation in Wales (CFW) CFW - Powys Welsh Church Acl- Crafternoons Elan Links FMAG - Wild Escapes FMAG - Celtic Rainforesuclimate Rave Group for Education in NAuseums Llysdinam Trust Oakdale Trust PAVOIComic Relief- Warm Spaces PAVO Communily Renewal Fund PAVO Loneliness & Isolation Fund Powys County Council {PCCI PCC Community Venue Fund PCC Covid Community Recovery Grant PCC Summer Of Fun PCC Warm Spaces Rhayader Town Council Welsh Government Welsh Waler Elan Trust- Hearth & Home Welsh Water Elan Trust- Timescape 4,930 4,550 4,930 4,550 5,585 2,314 892 1,246 5.585 2,314 892 1,246 3,000 5,000 6,434 3,000 6,000 5,000 5.678 7,668 2.500 2,000 718 7,209 2,055 912 400 7,500 5,000 2,500 2,500 1,000 1,000 6,000 1,000 13,275 51,292 6,000 1,000 13,275 47,292 4,000 55,074 Don8lions 1,761 1,761 2,318 £5,761 £47,292 £53,053 £57,392 Of the 2023 total of £57,,392. £17,352 was attributable to Unrestricted Funds and £40,040 to Restricted Funds. 22
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 37 MARCH 2024 Income from Charitable Activities Unrestricted Restricted Funds Funds 2024 2023 Thealre, Museum & Sludio Income Projecl Income 9,661 400 £10,061 9,661 400 £10,061 12.755 2,100 £14,855 The 2023 total of £14.855 was wholly attributable to Unreslricted Funds. Expenditure on Charitable Activities Unrestricted Restricted Funds Funds Total 2024 Total 2023 ProductionlProject Costs WorkshoplProject Costs Purchases & Studio Materials 1,287 1.149 2,436 13.355 14,642 1.149 15,791 7.892 990 8,882 13,355 Support Costs Rent & Rales and Premises Costs Depreciation & Amortisation Salaries & On Costs Other Support Cosls 20.788 2.736 4,525 5.138 33,187 20,788 25,754 26,033 8.919 81,494 25,604 24,203 29,151 3,048 82,006 23,018 21.508 3,781 48,307 Governance Costs Accountancyllndependent Examination Freelancelconsultancy Support 1.920 1,920 1,920 8,520 10,440 1,920 1.920 £37.543 £61,662 £99,205 £101,328 or the 2023 total of £101 ,328. £26.332 was attributable to Unrestricted Funds and £74.996 to Restricted Funds. 23
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH a?24 Net IncomellExpenditure) 2024 2023 Net incomel(expendllure) is stated after chargingl{crediting) Independent Examiner's Fees - current year Depreciation of owned Fixed As5elS 1,920 25,754 1.920 24.203 Staff Costs & Trustees, Remuneration 2024 2023 Gross Salary Costs Redundancy Costs Employer's National Insurance Employer's Pension Contributions 25,483 271 28.894 279 £26,033 257 £29,151 No employee received remuneration of more than £60.000 during the year (2023 - Nil). The chariLy defines Key Management Personnel as the Truslees. No remuneration was paid by the charity during the year Lo Key Management Personnel, {2023, £Nil). The average number of slaff employed during the year, calculaled as full-lime equivalents, was as follows.. 2024 No 2023 No Artistic Production and Support Pension benefits are provided through a Group Personal Pension Scheme. which is a defined contribulion scheme. The assets of the scheme are held separately from those of the company in 8 separately administered fund. In Ihe year lo 31 March 2024 CARAD made an employer's contribution of 3% of pensionable pay, provided that the employee makes 3 minimum contribution of 5%. These amounts are paid over lo the scheme on a monthly basis. Contributions of £53 were outstanding 8t 31 March 2024 (2023. £47} No remuneratlon has been paid lo any TrusleeslDirectors in the year (2023.. £Nil) No reimbursemenl has been made of any Travel an(J Subsistence expenses to Truslees in respect of their work on behalf of the charily12023.. £Nill. 24
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Tangible Flxed Assets Freehold Land Freehold Buildings Plant & Machinery Cost Al 1 April 2023 Additions At 31 March 2024 100.000 454,257 8,656 100,000 454,257 8,656 Depreciation Al 1 April 2023 Charge for year Al 31 March 2024 155,025 12,348 167.373 1,687 866 2,553 Net Book Value AL 31 March 2024 £100,000 £286 884 At 1 April 2023 E100.000 £299,232 £6,969 Flxlures & Flttlngs IT & Offlce Equlpment Total Flxed Assels Cost At 1 April 2023 Addilions At 31 March 2024 116,226 7,752 123.978 59,863 739,002 7,752 746.754 59,863 Depreciation Al 1 April 2023 Charge for year At 31 March 2024 100.088 6,234 106.322 47,018 6,306 53,324 303,818 25,754 329.572 Net Book Value Al 31 March 2024 £17 656 £10 178 £417 182 Al 1 April 2023 £16.138 £12,845 £435,184 Revaluation of Fixed Assets In November 2009, following a major conversion of Unil 1 lo house the Rhayader Museum, the unit was revalued by Mccarthy. surveyors, at £220,000, based upon a freehold with vacant possession. An adjustment was made to reduce the holding value of the Unil 1 assets to the revalued amount. 25
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Stock 2024 2023 Goods for Resale 5,240 £5,240 3,463 £3.463 10. Oebtors 2024 2023 Trade Debtors Prepayments 3,695 1,553 £5,248 3,172 1,569 £4,741 11. Creditors- Amounts Falling Due Within l Year 2024 2023 Other Taxes & Social Security Costs Pension Scheme Credilor Trade Creditors Income Received In Advance Other Creditors Accruals 69 53 5.707 108 134 2.869 £8,940 47 2,247 130 259 2,959 £5,642 12. Analysis of Net Assets between Funds Unrestricted Restricted Funds Funds Total 2024 Total 2023 Fixed Assets Stock Debtors Cash at Bank and In Hand Creditors- Amounks Due Within 1 Year 65,306 417.182 435.184 5,240 5.240 3.463 5,248 5,248 4.741 {6,138) 5,814 22,856 8,940 8,940 5,642 £60,716 £363.828 £424,544 £460,602 351,876 11,952 26
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 13. Analysis of Charitable Funds Fund at Incoming Resources Fund at 1 April Resources Expended 31 March 2023 in Year in Year 2024 Unrestricted General Fund 82.404 15,855 (37,543) 60,716 Restricted Funds Ashley Family Foundation Capital Projecl CFW - Powys Welsh Church Act- Crafternoons CFW . Powys Welsh Church Act Community Foundation in Wales Community Foundation in Wales Donation - Music Project Donations - CurtainlLaptop Elan Links FMAG - Cellic R8inforesUCllmate Rave FMAG - Wild Esc8pes FMAG - Accredilation Support Group for Education in Museums Moondance Foundation Museum Project Oakdale Trusl PAVO Discretionary Capital Grant PAVO Loneliness & Isolation Fund PAVO Social Development Fund PAVOIComic Relief- Warm Spaces PCC Community Venue Fund Rhayader Town Council Welsh Government Welsh Government Capital Transformation Grant Welsh Water Elan Trust- Hearth & Home Welsh Water Elan Trust - Timescape 2,400 189,732 {8001 14.2941 14,4501 1,600 185.438 100 4,550 120 2.481 {1201 {3551 14,3601 {4301 {2081 {5,5851 (8921 2,126 570 4.930 430 828 620 5.585 892 2,314 (2,314) (194) (614) (299) (4.5191 (5,960) (1251 (5,000) 387 193 632 1,246 299 84.161 960 250 2.500 219 354 538 4CYJ 79,642 5.000 125 2,500 108 1354) (180) 1400) (6,000) 110,473) 358 6,000 92,139 81.666 1.000 (1,000) 13,275 47,292 (2,625) (61,662) 10,650 363,828 378,198 Total Funds £460,602 £63,147 £{99,205) £424,544 27
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 37 MARCH 2024 13. Analysis of Charitable Funds {Cont.) Name of Restricted Fund Description, Nature & Purpose of the Restricted Fund Ashley Family Foundation Towards the costs of a graphic designer and participaiory artisudesigner to creale new museum displays Capital Project Capital grants received Lo fund the acquisition and original refurbishment of the charity's property Church Fund in Wales Powys Welsh Towards the cosis of 8 project to create a 3D Church Act printed map Church Fund in Wales Powys Welsh Towards Ihe cosls of our warm space initiative, Church Act - Crafternoons renamed Crafternoons Community Foundation in Wales Towards Ihe cosl of IT equipment Community Foundation in Wales Towards the costs of cultural sector cost of living increases Donation - Music Project Towards the cosi of music workshops DonaLions- CurtainlLaplOP Towards the purchase of curtains and a laptop Elan Links Towards the cost of an Archiving Assistant Federation of Museums & Galleries Towards Ihe cosi of museum equipment IFMAGI in Wales Accreditation Support FMAG - Celtic Rainforesvclimale Rave Towards the costs of Celtic Rainforesuclimate Rave FMAG - Wild Escapes Towards the costs of Wild Escapes Group for Education in Museums Towards Lhe costs ol learning support activities Moondance Foundation Towards ihe cosl of a camcorder Museum Project Funds received towards the Rhayader and District Chronicles Museum and outreach project 28
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 13. Analysis of Charitable Funds (Cont.) Name of Restricted Fund Description, Nature & Purpose of the Restricted Fund Oakdale Trust Towards the cost of Volunleerllnterprekalion Officer employing PAVO Discretionary Capital Grant Towards the costs of a laptop PAVO Loneliness & Isolation Fund Towards the costs of a short-term contract for volunteer engagement and digiial work PAVO Social Development Fund Towards the costs of employing a lemporary Digital Project Officer. including IT Equipment PAVOIComic Relief- Warm Spaces Towards the cost of providing Warm Spaces PCC Community Venue Fund Towards the cost of PA systems Rhayader Town Council Towards the cost of a music project Welsh Governmenl Towards the costs of cultural sector cosl of living funding Welsh Governrnent Transformation Grant Capital Towards the refurbishment of the Museum in Unit l including the inslallalion of a mezzanine floor Welsh Waler Elan Trust- Hearth & Home Towards the costs of grounds clearance and other costs of the Hearth & Home event in September 2023. Welsh Water Elan Trust- Timescape Towards the costs of Timescape interpretation work 29
COMMUNITY ARTS RHAYADER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 14. Related Party Transactions There were no transactions in the year with related parties, such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities {Effective April 2008) 12023., Nil) 15. Taxation The company is a registered charity and no provision is considered necessary for iaxation. 16. Financial Commitments No material financial commitments have been made in respect of future financial periods. 20. Company Limited by Guarantee The charity is incorporated under the Companies Acl 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter, There are currently 8 members of Ihe company (2023 - 8 members). 30