Canolfan Owain Gl ndTrvr C f ort and Financial Statements coverin the ear ended st 31 December 2024
Canolfan Owain Gl ndwr C f Contents Page Trustees9 Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the financial statements
Canolfan OwaiD Gl ndwr Trustees, Annual Re includin directors, re ort ort for the ear ended 319t December 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name Canolfan Owain Glyndwr Cyf Charity Registration Number 1076059 Company Registration Number 03660300 Regist¢rcd Office and operational address Canolfan Owain Glyndwr Heol Maengwyn Machynlleth Powys SY20 8EE Directors Rh Rh Bebb Ll D Pughe E V Jones STRUCTURE, GOVERNANCE AND MANAGEMENT Thc organisation is a charilable company limited by guarantee, Incoorated on 2 November 1998. The company was established under a Memorandum of Association which estdblished its objectives and powers and is govemed under its Articles of Association. In the event of the company being would up members aTe required to Contribute an amount not exceeding £1.
Canolfan Owain Gl ndwr C f. Directors, Re for the ear ended 318¢ December 2024 continued OBJECTIVES AND ACTIVITIES These arc stated in the Memorandum of Association as being the provision and rnaintenanLe of a community centre for the use of th¢ inhabitants of the community of Machynll¢th without distinction of political, Teligious or other opinions. including use for meetings, lectures and classes, and for other forrns uf recreation and leisure-time occupation, including the development aT]d use of the Old Parliament Building (P<lrt of the Owain Glyndwr Centre) as an historical interpretivc centre. ACHIEVEMENTS AND PERFORMANCE The charity continues to work towards its objectives by the operation of Canolfan Owain Glyndwr. FINANCIAL REVIEW The Ststement of Financial Activities is shown on page 4 of the Accounts and shows income of £37,764 and expenditure of £47,306 resulting in net loss of £9,542 as analysed between the various funds delailed therein. All the assets shown in the Balance Sheet are held for the purpose of the company's charitable objectives. PUBLIC BENEFIT STATEME In exercising their powers the trustees have complied with theiT duty to have due rcgard to the guidance on public benefit issucd by the Charity Commissiun. DECLARATIONS The company has taken advantage of the smtill companies, excrnption in preparing the report above. The trustees declare that they have approved the trustees, report (including directors, report) above. Signed on behalf of the charity's trustee5/directors. Rh Rth Bebb I I September 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CANOLFAN OWAIN GL YNDWR CYF I report to the charity trustees on my examination of the accounts of the company for the year ended 31" December 2024, 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 foT the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied tnyself that the acLounts of the Company are not required to be audited under Part 16 of the 2006 Act and are cligible for independent examination, I report in respect of my examination of your charity's account5 as carried out undcr section 145 of the ChaTities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the DircLtions given by the Charity Cornmission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement I have completcd my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting record were not kepl in respect of the Company as required by section 386 of the 2006 2. the accounts do not accord with those records" or 3. the accounts do not comply with ihe accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an indepenedent examination ' or 4. the accounts have not been prepared in accordallC¢ with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland (FRS 102). I have no concerns and have corne across no other matters in connection with the exmaination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. /b R W Evans Bsc Econ (Hons), FCCA Major & Evans, Chartered Certified Accountant Bull House, 15 P¢nrallt Street, Machynlleth, Powys. I I September 2025
Canolfan Owain Gl ndwr C StatenJeDt of Financial Activities Summa Income and Ex enditure Accollnl ndudin for the ear ended 31st December 2024 Note Restricted Funds Unrestricted Total Funds Funds 2024 Total Funds 2023 Income Donations and Grants 5,174 1,300 6,474 15,034 Charitable activities 8,884 8,884 7,108 Other activities 22,406 22.406 24,046 Total Income 5.174 32,590 37,764 46,188 Expenditure OD cbaritable aclivities 18,902 28,404 47,306 35,206 Net income]{Expenditure) Total funds brought forwaTd Total funds carried forward (13,728) 4,186 (9.542) 10,982 14,584 15,347 29,931 18,949 856 19,533 20,389 29,931
CaDolfan Owain Gl divr C f Bal8Dce Sheet at 31st December 2024 2024 2023 Current Assets 68 26,538 26,606 5,429 29,690 35,119 Debtors Cash at bank Crediturs: amounts falling due within one year Net Assets 6,217 20,389 5,188 29,931 Funds of the charity Restricted Income fund Uwestricted funds Total Funds 856 19,533 20,389 14,584 15,347 29,931 The directors confirn] that: a) for the year ended 31 st December 2024 the company was entitled to exemption from the requirement to have an audit under the provision5 of Section 477 of the Companies Act 2006. b) no notice has been deposited under section 476 of that Act Tequiring an audit to be carried out. c) they acknowledge their responsibility for complying with the Tequirem¢nts of the Companies Act with Tespect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the sm311 companies, regime and in accordance with FRSI 02 SORP. Approved by the Board on I I September 2025 and signed on its behalf by . LLafu- Ll D Pughe
Canolfan Owain Gl ndwr Notes to the financial statement5 for th¢ ear ended 31st Decem ber 2024 Accounting Policies a) Basis of Preparation The financial statemenls have been prepared under the historical cost convention and in accordance with FRS 102 - the Financial Reporting Standard applicable in the UK, the Statement of Recomm¢nded Practice . Accounting and Reporting by Charities , the Companies Act 2006 and the Charities Act 2011. The charity constitutes a public benefit entity &5 defined by FRS 102. b) Incorne recognition policies 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 item(s) of income hav¢ been met or are fully within the control of the charity. there is sufficient certainty that receipt of th¢ income is considered probable" and the amount can be rneured 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 ihe rclevant activity cost category in the Statement of Financial Activities. d) Funds Restricted funds Grants received from publÈc sector bodies and others to be used in furtherance of particular aspects of the objects of the charity are separated and treated as restricted funds. ii) Unrestricted funds Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity and are available as general funds.
CaDolfaD Owain Gl ndwr C Noles to the financial statements for the ear ended 31st Deeembcr 2024 Restricted Unrestricted Funds Funds Total frunds 2024 Total Funds 2023 2. Income from donations and graDts Mach Comedy Festival Grant - Loteri Gymunedol Architectural Heritage Fund Grant Davies Charity 1,300 1,300 1,000 306 13,728 5,174 5,174 5,174 1,300 6,474 15,034 3 Income from charitable activities Y Senedd-dy GeneTal lettings 3,854 5,030 8,884 3,854 5.030 8,884 7,108 7.108 4 Income from other activities Rent Caffi Glyndwr Clwb IMY Shaun Brown Penrallt Gallery Silence in Sound Cycle Dyfi Studio Other 3,880 1.980 3,880 1,980 4,620 2.080 2,309 4,050 7,158 849 1,450 1.530 24,046 3,370 8,584 666 2.320 1,606 22,406 3,370 8,584 666 2,320 1,606 22,406 Other Income 22,406 22,406 24,046
Canolf2n Owain Gl ndwr C Notes to the financial statements for the ar ended 31st December 202.1 continued Restricted Funds Unrestricted Funds Total Funds 2024 Totsl Funds 2023 5. Expenditure on charitable activities Labour costs Caretaker and Cleaner 6.302 6,302 6,705 PTemises Costs Gas Electricity Repairs and maintenance Water charges Insurance Licences 2,220 7,264 3,462 1,427 4,23 8 456 2,220 7,264 8,636 1,427 4,238 456 1,653 6,595 10,630 1,120 4,189 447 5,174 Other expenses Goods for resale Website and marketing Accountancy Administrative expenses T¢l¢phone and internet Choir Expenses Bank Charges Archilect's f¢¢s 21 508 690 373 872 550 21 21 508 690 373 872 550 21 13,728 1,544 840 373 496 525 88 13,728 18,902 28,404 47,306 35,205
Canolfan Owain Gl dwr C f Notes to the financial statements for the ear ended 31st December 2024 continued 6. Debtors 2024 2023 Prepayments Other Debtors 4,259 ,170 5,429 68 68 7. Creditor5: amounts falling due within one year 2024 2023 Interest free loans Accruals Trade creditors 2,950 3,197 70 6,217 2,950 2,224 14 5,188 8. Restricted Funds 2024 2023 Thc Redevelopment Fund Architectural Hcritage Fund Grant 856 856 13,728 14,584 856