| Contents | Page |
|---|---|
| Legal and administrative information | 2 |
| Report o f the trustees | 3 −5 |
| Independent accountants' report | 6 |
| Statement o f financial activities | 7 |
| Balance sheet | 8 |
| Notes forming part o f the financial statements | 9 −15 |
| As at | As at | ||||
|---|---|---|---|---|---|
| **Unrestricted ** | Restricted | 31 March | 31 March | ||
| Notes | Funds | Funds | 2021 | 2020 | |
| Income | |||||
| Grants and donations | 3 | 1−80,373 | 51,551 | 231,924 | 162,028 |
| Charitable activities | 4 | 146,922 | 146,922 | 236,138 | |
| Investments | 42 | 42 | 125 | ||
| Total | 327,337 | 51,551 | 378,888 | 398,291 | |
| Expenditure on: | |||||
| Charitable activities | 5 | 276,512 | 44,847 | 321,359 | 399,100 |
| Total | 276,512 | 44,847 | 321,359 | 399,100 | |
| Net income / (expenditure) | 50,825 | 6,704 | 57,529 | (809) | |
| Funds at 1 April 2020 | 170,122 | 14,799 | 184,921 | 185,730 | |
| Funds at 31 March 2021 | £220,947 | £21,503 | £242,450 | £184,921 |
| Balance Sheetas at 31 March 2021 | Balance Sheetas at 31 March 2021 | • 4: | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Notes | |||||
| Fixed Assets | |||||
| Tangible fixed assets | 9 | 112,812 | 107,592 | ||
| Current Assets | |||||
| Debtors | 10 | 22,751 | 24,051 | ||
| Cash at bank and in hand | 141,987 | 113,245 | |||
| 164;138. | 137,296 | ||||
| Creditors: amounts falling due | |||||
| Within one year | 11 | 35,100 | 59,967 | ||
| Net current assets | 129,638 | 77,329 | |||
| Net assets | £242,450 | £184,921 | |||
| Funds | |||||
| General unrestricted fund | 15 | 159,714 | 113,889 | ||
| Designated fund | 15 | 45,000 | 40,000 | ||
| Restricted fund | 15 | 21,503 | 14,799 | ||
| Revaluation reserve | 16,233 | 16,233 | |||
| £242,450 | £184,921 |
| Unrestristed | Unrestristed | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| 3. | Grants and Donations | £ | £ | £ | £ |
| Grants and donations | 22,813 | 33,461 | 56,274 | 81,777 | |
| Arts Council o f Wales | 81,134 | 81,134 | 80,251 | ||
| COVED Support: Arts Council o f Wales |
., 27;149 |
18,090 | 45,239 | ||
| Welsh Government Support | |||||
| through Gwynedd Council | .. 46,000 |
46,000 | |||
| Job Retention Scheme | 3,277 | 3,277 | |||
| £180,373 | £51,551 | £231,924 | £162,028 | ||
| Unrestricted | Restricted | Total | Total | ||
| Funds | 2021 | 2020 | |||
| 4. | Income from Charitable activities | ||||
| Income from tutorials −Galeri | 84,592 | 84,592 | 115,117 | ||
| Income from tutorials −Denbigh | 20,444 | 20,414 | 25,501 | ||
| Rent and admin income −Galeri | 27,196_ | 27,196 | 37,610 | ||
| Rental and admin income −Denbigh | 5,499 | 5,499 | 6,859 | ||
| Special events | 8,660 | 8,660 | 49,055 | ||
| Hire, rents and other income | 561 | 561 | 1,996 | ||
| £146,922 | £− | £146,922 | £236,138 | ||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2021 | 2020 | ||
| 5. | Cost o f Charitable activities | • .• r |
|||
| Tutor fees −Galeri | 84,592 | 84,592 | 115,117 | ||
| Tutor fees −Denbigh | 20,414 | 20,414 | 25,501 | ||
| Online taster sessions | 96 | 96 | − | ||
| Rental costs −Denbigh | 1,197 | 1,197 | 4,831 | ||
| Special events and other costs | 43,681 | 382 | 44,063 | 67,132 | |
| Canfod y Gan direct costs | − | 15,999 | 15,999 | 31,052 | |
| Support costs (Note 6) | 124,552 | 28,466 | 153,018 | 153,525 | |
| Governance costs (Note 7) | 1980, | 1,980 | 1,942 | ||
| £276,512 | £44,847 | £321,359 | £399,100 |
| Charitable | Charitable | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Activities | Funds | 2021 | 2020 | ||
| 6. | Support Costs | ||||
| Wages | 75,830 | 22,132 | 97,962 | 92,234 | |
| Employer pension contributions | . .. 3,373 |
989 | 4,362 | 3,960 | |
| Travelling expenses | 210 | 53 | 263 | 1,832 | |
| Advertising and marketing | 2,834 | 569 | 3,403 | 4,598 | |
| Telephone, post, printing and stationery | 1,002 | 266 | 1,268 | 3,756 | |
| Photocopier lease | 2,758 | 2,758 | 1,570 | ||
| Computing costs | 1,144 | 635 | 1,779 | ||
| Bank charges | 783 | − | 783 | 2,479 | |
| Insurance Rent and rates |
, 1,250 20,874 |
, _ 938 |
3,250 21,812 |
3,265 29,330 |
|
| Sundry | •'1,470 | − | 1,470 | 1,716 | |
| Instruments | 4,265 | 2,284 | 6,549 | 5,112 | |
| Direct Covid costs | 4,236 | 4,236 | − | ||
| DBS Checks | 93 | 93 | 1,637 | ||
| Piano tuning and repairs | 1,099 | 600 | 1,699 | 908 | |
| Training and courses | 1 924 |
924 | 784 | ||
| Pension support costs | ..fi . | 125 | |||
| Depreciation | 407 | 407 | 219 | ||
| £124,552 | £28,466 | £153,018 | £153,525 | ||
| −• | |||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2021 | 2020 | ||
| 7. | Governance | £ | £ | £ | £ |
| Accountancy fees | 1,740 | − | 1,740 | 1,710 | |
| Policy costs | 240 | 240 | |||
| Board meeting costs | 232 | ||||
| £1.,980 | £− | £1,980 | £1,942 | ||
| 8. | Staff costs and trustees' remuneration | ||||
| 2021 | 2020 | ||||
| Wages and salaries | 94,770 | 88,699 | |||
| Social security costs | 3,192 | 3,535 | |||
| Employer pension contributions | • | 4,362 | 3,960 | ||
| £102,324 | £96,194 |
| Fixed assets | |||
|---|---|---|---|
| Musical | Other | ||
| Equipment | Equipment | Total | |
| Cost or valuation | |||
| At 1 April 2020 | 107,592 | 17,332 | 124,924 |
| Additions | 4,000 | 1,627 | 5,627 |
| At 31 March 2021 | −£111,592 | £18,959 | £130,551 |
| Depreciation | |||
| At 1 April 2020 | 17,332 | 17,332 | |
| Charge for the year | 407 | 407 | |
| At 31 March 2021 | £− | £17,739 | £17,739 |
| Net Book Value | |||
| At 31 March 2021 | £111,592 | £1,220 | £112,812 |
| At 31 March 2020 | £107,592 | £− | £107,592 |
| Debtors | |||
| 2021 | 2020 | ||
| Other debtors | 9,624 | 9,092 | |
| Tutorials, rents and administration | 10,476 | 11,815 | |
| Prepayments | 2,651 | 3,144 | |
| £22,751 | £24,051 |
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2021 | 2020 | |
| Trade creditors | 17,484 | |
| Taxation and social security | 3,378 | |
| Accruals and deferred income | 35,100 | 39,105 |
| £35,100 | £59,967 |
| 2021 | 2020 | |
|---|---|---|
| During the year the charity received the following income: | ||
| The Friends o f Canolfan Gerdd William Mathias −Donation | 2,500 | 5,000 |
| Denbighshire Leisure Limited Cyngor Gwynedd −strategic |
3,500 7,500 |
2,450 , 7,000 |
| Cyngor Gwynedd −specific projects | 4,015 | 8,832 |
| Ty Cerdd (Piano Festival) | 500 | 1,500 |
| Statement o f Funds | Net Current | |||
| Tangible Fixed | Assets/ | Total | ||
| Assets | (Liabilities) | Funds | ||
| Unrestricted Funds | 112,812 | 108,135 | 220,947 | |
| Restricted Funds: | ||||
| IMO Ben Muskett | 4,952 | 4,952 | ||
| Canfod y Gan Project | 1,508 | 1,508 | ||
| CCC Covid Grant, | ' | 15,043 | 15,043 | |
| At 31 March 2021 | £112,812 | £129,638 | £242,450 |
| 1 April | **31 ** | March | ||||
|---|---|---|---|---|---|---|
| 2020 | income | Expenditure | Transfer | 2021 | ||
| Unrestricted Funds | ||||||
| General Reserve | 113,889 | 3'47,337 | (276,512) | (5,000) | 159,714 | |
| Designated Fund | 40,000 | 5,000 | 45,000 | |||
| Revaluation reserve | 16,233 | − | 16,233 | |||
| £170,122 | £377,337 | (£276,512) | £−£220,947 | |||
| Restricted Funds | ||||||
| IMO Ben Muskett | 4,832 | 120 | 4,952 | |||
| Harps for Patagonia | 382 | . | (382) | |||
| Canfod y Gan | 9,585 | 33,341 | (41,418) | − | 1,508 | |
| CCC Covid Grant | 18,090 | (3,047) | − | 15,043 | ||
| £14,799 | ,!:51,551 | (£44,847) | £− | £21,503 |