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2022-03-31-accounts

Contents Page
p: • . .
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 „ • −
Ai at
**Unrestricted ** Restricted 31 March 31 March
Notes •Funds Funds 2022 2021
Income
Grants and donations 3 167,125 49,633 216,758 231,924
Charitable activities 4 183,271 183,271 146,922
Investments 16 16 42
Total 350,412 49,633 400,045 378,888
Expenditure on:
Charitable activities 5 345,187 54,401 399,588 321,359
Total 345,187 54,401 399,588 321,359
Net income / (expenditure) 5,225 (4,768) 457 57,529
Funds at 1 April 2021 220,947 21,503 242,450 184,921
Transfers 3,928 (3,928)
Funds at 31 March 2022 £230,100 £12,807 £242,907 £242,450

Balance Sheetas at 31 March 2 022
2022 2021
Notes
Fixed Assets
Tangible fixed assets 9 121,151 112,812
Current Assets
Debtors 10 37,162 22,751
Cash at bank and in hand 125,542 141,987
162,704 164,738
Creditors: amounts falling due
Within one year 11 40,948 35,100
Net current assets 121,756 129,638
Net assets £242,907 £242,450
Funds
General unrestricted fund 15 163,867 159,714
Designated fund 15 50,000 45,000
Restricted fund 15 12,807 21,503
Revaluation reserve 16,233 16,233
£242,907 £242,450
—===

Unrestricted Unrestricted Restricted Total Total
Funds Funds 2022 2021
3. Grants and Donations £ £ £ £
Grants and donations 67,211 47,623 114,834 56,274
Arts Council o f Wales 81,134 − 81,134 81,134
COVID Support:
Arts Council o f Wales 17,635 2,010 19,645 45,239
Welsh Government Support
through Gwynedd Council 46,000
Job Retention Scheme 1,145 1,145 3,277
£167,125 £49,633 £216,758 £231,924
Unrestricted Restricted Total Total
Funds Funds 2022 2021
4. Income from Charitable activities £ £ £ £
Income from tutorials −Galeri 100,922 100,922 84,592
Income from tutorials −Denbighshire 27,937 27,937 20,414
Rent and admin income −Galeri 31,467 31,467 27,196
Rental and admin income −Denbighshire .3,385 7,385 5,499
Special events 15,002 15,002 8,660
Hire, rents and other income 558 558 561
£183,271 £− £183,271 £146,922
Unrestricted Restricted Total Total
Funds Funds 2022 2021
5. Cost of Charitable activities
Tutor fees −Galeri 100,922 100,922 84,592
Tutor fees −Denbighshire 27,937 27,937 20,414
Taster sessions 54 54 96
Rental costs −Denbighshire 5,643 5,643 1,197
Special events and other costs 62,010 300 62,310 44,063
Canfod y Gan direct costs 18,574 18,574 15,999
Support costs (Note 6) 146,009 35,527 181,536 153,018
Governance costs (Note 7) 2,612 − 2,612 1,980
£345,187 £54,401 £399,588 £321,359
−==

Not es to the financial statementsfor the year ended 31 M es to the financial statementsfor the year ended 31 M arch 2022 (Co ntinued)
Charitable Restricted Total Total
Activities Funds 2022 2021
6. Support Costs •
£
Wages 89,224 24,649 113,873 97,962
Employer pension contributions 3,649 1,276 4,925 . 4,362
Travelling expenses 383 503 886 263
Advertising and marketing 2,425 − 2,425 3,403
Telephone, post, printing and stationery 1,472 1,472 1,268
Photocopier lease 2,991 2,991 2,758
Computing costs 1,564 935 2,499 1,779
Bank charges 1,057 1,057 783
Insurance 3,380 − 3,380 3,250
Rent and rates 31,024 2,000 33,024 21,812
Sundry 2,648 231 2,879 1,470
Instruments 919 245 1,164 6,549
Direct Covid costs − − 4,236
Paritor administrative system 5,688 5,688
DBS Checks 532 532 93
Piano tuning and repairs 1,327 1,327 1,699
Training and courses 2,025 2,025 924
Depreciation 1,389 1,389 407
£146,009 £35,527 £181,536 £153,018
=====
•
Unrestricted Restricted Total Total
Funds Funds 2022 2021
7. Governance
Accountancy fees 2,064 2,064 1,740
Policy costs 300 300 240
Board meeting costs 248 248 −
£2?512 £− £2,612 £1,980
8. Staff costs and trustees' remuneration
2022 2021
Wages and salaries 109,623 94,770
Social security costs 4,250 3,192
Employer pension contributions 4,925 4,362
£118,798 £102,324

9. Fixed assets
Musical Other
Equipment Equipment Total
Cost or valuation
At 1 April 2021 111,592 18,959 130,551
Additions 5,800 3,928 9,728
At 31 March 2022 £117,392 £22,887 £140,279
Depreciation
At 1 April 2021 17,739 17,739
Charge for the year 1,389 1,389
At 31 March 2022 £− £19,128 £19,128
Net Book Value
At 31 March 2022 £117,392 £3,759 £121,151
At 31 March 2021 £111,592 £1,220 £112,812
===
10. Debtors
2022 2021
Other debtors 7,187 9,624
Tutorials, rents and administration 26,810 10,476
Prepayments 3,165 2,651
£37,162 £22,751

Creditors: amounts falling due within one year
2022 2021
Trade creditors 21,129
Taxation and social security 2,224
Accruals and deferred income 17,587 35,100
£40,940 £35,100

2022 2021
During the year the charity received the following income:
The Friends of Canolfan Gerdd William Mathias −Donation 5,000 2,500
Denbighshire Leisure Limited 3,500 3,500
Cyngor Gwynedd −strategic 7,500 7,500
Cyngor Gwynedd −specific projects 4,188 4,015
Ty Cerdd (Piano Festival) 500
Cyngor Gwynedd (Gaeaf Llawn Lies) 2,369
Arnold Clark 1,000
Funding towards the Piano Festival held during the year: Total (£)
Foyle Foundation 16,000
Colwinston 5,000
ACW Lottery 5,000
A&B Culture Step 1,500

Statement of Funds Net Current
Tangible Fixed Assets/ Total
Assets (Liabilities) Funds
Unrestricted Funds 121,151 108,949 230,100
Restricted Funds:
IMO Ben Muskett 4,772 4,772
Canfod y G'an Project 797 797
CCC Covid Grant 6,271 6,271
IMO Charli Britton 967 967
At 31 March 2022 £121,151 £121,756 £242,907

1 April 31 March
2021 Income Expenditure Transfer 2022
**• ** Unrestricted Funds
General Reserve 159,714 350,412 (345,187) (1,072) 163,867
Designated Fund 45,000 − 5,000 50,000
Revaluation reserve • 16,233 16,233
£220,947 £350,412 (£345,187) £3,928 £230,100
Restricted Funds
IMOBen Muskett 4,952 120 (300) 4,772
Canfod y Gan 1,508 46,291 (47,002) 797
CCC Covid Grant 15,043 2,010 (6,854) (3,928) 6,271
IMO Charli Britton − 1,212 (245) 967
£21,503 £49,633 (£54,401) (£3,928) _:£‘12,807