Canolfan Owain Gl ndwr C f ort and Financial Statements coverRn the ear ended 5t 31 December 2023
Canolfan Owain Gl ndwr C f Contents Page Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the financial statements
Canolfan Owain Gl ndwr C f. Trustees, AnDual Re includin directors, re ort for the ear ended 31st December 2023 REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name Canolfan Owain Glyndwr Cyf Charity Registration Number 1076059 Company Registration Number 03660300 Registered Office and operational address Canolfan Owain Glyndwr Heol Maengwyn Machynlleth Powyb SY20 8EE DirectOTS Rh Rh Bebb Ll D Pughe E V Jones STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee, incorporated on 2. November 1998. The company was established under a Memorandum of Association which established its objectives and powers and is governed under its Articles of Association. In the event of the company being would up members are required to contribute an amount not exceeding £1.
Canolfan Owain Gl ndwr DRrectorsJ Re for the ear ended 31st December 2023 continued OBJECTIVES AND ACTIVITIES These are stated in the Memorandum of Association as being the provision and maintenance of a community centre for the use of the inhabitants of the community of Machynllcth without distinction of political, religious or other opinions, including use for meetings, lectures and classes, and for other forms of recreation and leisure-time oLcupation, including the development and use of the Old Parliament Building (part of the Owain Glyndwr Centre) as an historical interpretive centre. ACHIEVEMENfs AND PERFORMANCE The charity continues to work towards its objectives by the operation of Canolfan Owain Glyndwr. FINANCIAL REVIEW The Statement of Financial Activities is shown on page 4 of the Accounts and shows income of £46.188 and expenditure of £35.206 resulting in net income of £10,982 as analysed between the various funds detailed therein. All the assets shown in the Balance Sheet are held for the purpose of the company's charitable objectives. PUBLIC BENEFIT STATEMENT In exercising their powers the trustees have complied with their duty to have due regId to the guidiince on public benefit IS5ucd by the Charity Commission. DECLARATIONS The company has taken advantage of the small companies, exernption in preparing the report above. The trustees declare that ihey have approved the trustees, report (including directors, report) above. Signed on behalf of the charity's trusteesldirectors. Rh Rh Bebb 26 June 2024
INDEPENDENT EXAMINER, S REPORT TO THE TRUSTEES OF CANOLFAN OW AIN GL YNDWR CYF I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2023. st Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Pdrt 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of YOUT charity's accounts as carried out under section 145 of the Charities Act 2011('the 201 l Act,). In caTrying out my examination I have followed the Directions given by the Charity Commission undeT section 145(5)(b) of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believc: accounting record were not kept in respect of the Company as required by section 386 of the 2006 Act; OT 2. the accounts do not accord with th05C ICGOTd5- or 3. the accounts do not comply with the accounting reqU1MentS of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matteT considered as part of an indcpenedent examination ' or 4. the accounts have not been prepared in accordance with the m¢thods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preping their accounts in accordance with the 1claI Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have comc across no other matters in cotmection with the exmainalion to which attention should be drawn in this report in VTd¢r to enable a proper understanding of the accounts to be reached. R W Evans BSL Econ (Hons), FCCA Major & Evans, Chartered Certified Accountants, Bull House, 15 Penrallt StreeL Machynlleth, Powys. 26 June 2024
Canolfan Owain Gl ndwr C f Statement of Ffinancial Activities includin Summa Ineome and Ex enditure Account for the ear ended 31st December 2023 Note Restricted Funds Unrestricted Toial Funds Funds 2023 Total Funds 2022 Income Donations and Grants 14,034 1,000 15,034 25,715 Charitable activities 7,108 7,108 4,074 Other activitics 24,046 24,046 20,738 Total Income 14,034 32,154 46,188 50,527 Expenditure on charltable activities 7,806 27,400 35,206 49,238 Net incomel(Expenditure) Total funds brought forward 6,228 4,754 10,982 1,289 8,356 10,593 18,949 17,660 Total funds carried forward 14,584 15,347 29,931 18,949
Canolfan Owain Gl ndwr C f Balance Sheet at 31st December 2023 2023 2022 Current Assets Debtors Cash at bank 5,429 29,690 35,119 4,535 20,137 24,672 Creditors: amounts falling due within one year Net Assets 5,188 29,931 5,723 18.949 Funds of the charity Restricted Income fund Unrestricted funds Total FuDds 14,584 15,347 29,931 8,356 10,593 18,949 The directors confirn] that: a) for the year ended 31 st December 2023 the company was entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006. b) no notice has been d¢positcd under section 476 of that Act Tcquiring an audit to be caTTied out. c) they acknowledge their responsibility for complying with thc requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, T¢gime and in ¢iccordance with FRSI 02 SORP. Approved by the Board on 26 June 2024 and signed on its behalf by '. Ll D Pugh¢
Canolfan Owain Gl ndivr C f. Notes to the financial statements for the 'ear ended 315¢ December 2023 Accounting Policies a) Basis of preparation The financial statements have been ptcpatcd undeT th¢ historical cost convention and in accordance with FRS 102 - the Financial Reporting Standard applicable in the UK, the Ststement of Recommended Practice . Accounting and Reporting by Charities , the Companies Act 2006 and tbe Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. b) Income recognition )lIcIeS Items of income are recognised and included in the accounts when all of the Following criteria are met: The charity has entitlement to the funds" any performance conditions attached to the itern(s) of income have been met or are fully within the contToI of the charity. there is sufficient certainty that receipt of the income is considered probable. and the amount can be measured reliably. c) Expenditure All expenditure is included on an accrual basis and is recognised when there is a legal or constructive obligation committing the charity to the expenditure. All costs have been directly attributed to the relevant activity cost Lategory in the Statemcnt of Financial ActivitlCS. d) Funds Restricted funds GTants received from public sector bodies and others to be used in furtherance of particular aspects of the objects of the charity are sepaTated and treated &s restTiCted funds. ii) UnTestrkcted funds Unrcstricted funds are donation5 and other incorning resources receivable or generated for the objects of the charity and are available as general funds.
Canolfan Owain Gl ndwr C Note5 to the financial statements for the ear ended 31st December 2023 Restricted Unrestricted Funds Funds Total Funds 2023 Total Funds 2022 2. Income from donations and graDts Mach Comedy Trestival Grant - Loteri Gymunedol Architectural Heritage Fund Grant Davies Chuity Powys County Council - Ysbryd Glyndwr Welsh GoveTnment Grant - Ysbryd Glyndwr Welsh Government Grant - CADW Grant 1,000 1,000 306 13,728 1,000 919 306 13,728 7,500 5,440 7,106 3,750 14,034 1,000 15,034 25,715 3 Income from ¢haritable activities G¢n¢ral Icttings 7,108 7,108 7,108 7,108 4,074 4,074 4 Income from other activities Rent Caifi Alys/Caffi Glyndwr Clwb IMY Shaun Brown Penrallt Gallery Silence in Sound Cycle Dyfi Studio Other 4,620 2,080 2,309 4,050 7,158 849 1.450 1,530 24,046 4,620 2,080 2,309 4,050 7,158 849 1,450 1,530 24,046 5,825 2,630 1,800 6,375 868 1,440 850 19,788 450 500 20,738 Priodasau Sale of Snooker Tablc 24,046 24,046
Canolfan Owain Gl ndwr C f Notes to the financial statements for tbe ear ended 31st December 2023 eontinued Restricted Funds Unrestricted Funds Total Funds 2023 Total Funds 2022 5. Expenditure on charitable activities Labour Losts Caretaker and Cleaner Trefnydd Cymunedol 6,705 6,705 6,217 5,468 Prcmises Costs Gas EltrICity Repairs and maintenance Water charges Insuranc¢ Licences 1,653 6,595 3,130 1,120 4,189 1,653 6,595 10,630 1,120 4,189 447 1,619 S,395 10,450 938 3,942 70 7,500 Other expenses Website and marketing Accountancy Administrative expenses Telephone and internct Choir Expenses Bank Charges Arddangosfa Ysbryd Glyndwr 1,544 840 373 496 219 88 1,544 840 373 496 525 88 2,160 830 373 411 525 101 10,739 306 7,806 27,400 35,206 49,238
Canolfan Owain Gl ndwr C f Notes to the financial Statements for the ear ended 31st December 2023 continued 6. Debtors 2023 2022 Prepayments Other Debtors 4,259 1,170 5,429 4,190 345 4,535 7. Creditors: amounts falling due within one year 2023 2022 Interest free loans Accruals Trade creditors 2,950 2,224 14 5,188 2,950 2,611 162 5,723 8. Restricted Funds 2023 2022 The Redevelopment Fund Davies Charity - Boiler fund Architectural Heritage Fund Cjrant 856 856 7,500 13,728 14,584 8,356