CANOLFAN GERDD WILLIAM IATHIAs CYFYNGEDIG (A company limited by guarantee) Financial Statements for the Year Ended 31st March 2025 Charity Number: 1084271 Company Iyumber: 3339969
CANOLFAN GERDD WILLLIM MATHtAS CYFYNGEDIG Contents Page Legal and athninistrative inforn]ation Report of the tnteeS Independent examiner's report Statement of financial activitie5 Balan¢¢ sheet Cash Flow Staternent io Notes forniing part of the financial statements 10-19
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES Anwen Mair Edwards Bethan Lloyd Habron-James Gwawr Ifan Geraint Rowland Jones Marian Wyn Jones Iwan Llewelyn-Jones Rajan Madhok (Resigned 0210612025) Rthiannon Mathias Sonia Bethan Mellor Helen Fon Owen (Appointed 29104124) Nia Mererid PaTry John Morris Pritchard Steph¢n Powell Rees Wyn Thomas (Chainnan) Elinor Bemiett Wigley Clive Edmund Wolfendale (Appointed 02106125) REGISTERED OFFICE Galeri Doc Fictoria Caernarfon Gwynedd LL55 ISQ BANKER HSBC Bank PLC 24 Castle Squ Caernarfon Gwynedd LL55 2NB ACCOUNTANTS W J Malthews a'i Fab 11-15 Y BontBridd Caemarfon Gwynedd LL55 IAB
CANOLFANI GERDD WILLIAM IATHIAs CYFYNGEDIG Report of the tru5tee5 for the year ended 31 March 2025 The trustees, who are also directors of the charity for the purposes of the Companies ACL submit their annual report and the unaudited fmancial statements for the year ended 31 March 2025. The financial ststernents comply with ihe Charities Act 2011. the Companies Act 2006 and the Statement of Recommcndcd Practicc (SORP) "Accounting and Reporting by Charities" applicable to charities preparing tbeir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ ofireland (FRS 102) {cffcctive l January 2015). The cIlty is a charitable company limitedby guarantee al became aTogistered charity on 28 December 2000. The company is governcd by a memorandum and articles of association. Charity NurnbcT: 1084271. Registered Nutnber.. 3339969. Investment PoTvers Under the memorandum and articles of association. the charity bas the power to make any investmen¢ wbich the trustees see fit. Organisation of the Charity and how declslons are made A Board of Trustees meets quarterly or whenever the business demands to administer the affairs of the Charity. There are two sub-comrnittees - one focusing on Artistic and Marketing matters and the othet on Financial, ndraising and HR nutters. A Director is appointed by the Board to administer the day- to-day business of the Charity. Method of appolntment of trustee5 All Trustees retired from Office at the rst Amiual General meeting and were re-elected en-bloc. Subsequently at futUT¢ Annual Generdl Meetings one third of the Trustees shall T¢tire from office but will be eligible for re-election. Objects of the Charlty for the benefit of th¢ public To promote and encourage the provision of Musical Activity primarily in Wales but also worldwide, especially by promoting the Arts in¢luding music relating to dan¢e, drama, poety, lelevision and film. To cany out, for the benefit of the community in Wales and worldwide, the business of organising and providing musical education for ehildren, young people and adults. To provide a Centre of rnusic and artistic excellence for those people who wish to teach, leani, practisc, pcrforn] and compose. To protect fvrther and secure the musical traditions of Wales. To encourage people of all ages and all abtliti¢s, but particularly young people, to develop their musical tslents and skills to the 11 and to use music as a means to promote social inclusion. Relationship with interested parties The Charity bas a very close relationship with Arts Council of Wales and The Friends of Canolfan Gerdd WilliaTll Mathias and Gwynedd Council who provide funding to ctLable the Charity to carry out its activitics. A summw of fmancial transactions with those parties is sct out in the Annual Accounts. Policy regarding Funds The ckLarity is very depcndcnt upon the continucd support of the Arts Council of Wales. Gwylledd Council's Stratcgic Fund for thc Arts and The Friends of Canolfan GeTdd William Mathias who contribute to the shortfall required in fundittg to cover our costs. The charity's nIll objective is to establish at least a break-¢ven position each year by generating sufflcient funds from its ordinary tivities to cover costs in order to rnaintsin the balance of general reserves.
CAIYOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Report of the trustees for the year ended 31 March 2025, eonthiued........... Revtew of Financial Activities 2024-2025 was a busy and succcssful year of music making at CGWM. Our greatest challenge was to secure sufficient incorne to maintain our dlverse programtnc of activities and to employ our small team of administrative staff. With the COpCtlltioll for public money and fvnding from trusts inircasing" rnaximising the income we generate througb activity registration fees is a priority. At the same time we are also very aware of the impact of the cost of living crisis and the need to kccp activities affordable. Keeping the balance betwccn increasing incollLe and keeping activities affordablc continues to be very important. Considering this. our rnain aim was to incrcase the numbers who register for activitics and the numbers who buy tickets to events were possible. Wc are very pleased to notc thc significant increase in the income reccivcd from one-to-one lessons in our Ccntcrs compared to the previous ycar. We saw the number of pupils who reccivc rcgular one-t(Fone lessons at CGWM reach the highest level since the establishment of the Centre (449 pupils). Due to the datrs of Easfrr 2024 and 2025 th¢Te was 40 weeks oftuition during 2024-25 cornpared to 38 week5 in 2023-24 which contributes to part of the increase. We wish to thank the 50 free-lan¢¢ tytors who worked with us to deliv our regular programme of lessons and artivities and we were pleased to engage 17 other freelance artists in one off special events. We wer¢ extremely pleased to see the conlinualion of the collaboration with tbe Gwynedd and Mon Schools Music Service atld Gwyaedd Council as a result of the Natiotthl Music Piaa. It was wonderful to take our Camau Cerdd proj¢¢t into h0O18 during the year and also be responsible for organising a Youth Jazz Band. Thi5 has seen an increase in the Work for our early years. freelance tutOTS. We are 8ra¢eful to the Friends of William Mathias Music Centre c}lty for their continued support of our general activitie8 with a contribution of £3.000 towards our genera] costs and for providing bursaries worth £2440.64 to assist some students with ltiOn fees. We are very grate1 to the Arts Council of Wales for the Continuation of our annual revenue funding and the grants for specific activities - Caffi Canfod y Gan and our Cultural Exchange Project with North East India. We were delighted to be able to take part in the Wclsh Government's Wales in India year (2024} events after S¢ring a grant of £18k through the Arts CouDcil of Wales from a fisnd supported by tbe British Council. We are also grateful to Mair Jones Scholarship for continuing to fund zoom harp lessons for 5 students in India as part of the proje¢t. Funding was obtained from Gwynedd Council's Culture Support Fund (part of the UK'S Sharcd Prosperity Fund). We also thank Gwynedd CounGil for grants for spccific projects such as Sgwrs a Cban (Song and a Chat} and School Holiday activities frIT families. We arc a]so grateful for their continued support in kind for our work in thc field of Leaming Disabilities.
CANOLFAN GERDD LLIAm MATHIAS CYFYNGEDIG Report of the trustees for th¢ year ended 31 Mar¢h 2025, eontinued........... Following the end of the Spirit of 2012 grant period in 2022. securing replacement fundin8 to continue our Canfod y Gan Programme for Adults who have Leanjing Disabilities has been a priority. The Spirit of 2012 fill8 ¢ov¢red all staffing and administrative costs relating to the project in addition to the direct costs. This year we were able to continue the projecl successfully thanks to the support of the Steve Morgan Foundation and National Lottery Community Fun(L We were also delighted to be approached by Anglesey Learning Disabilitl¢s Team staff which lead to a pilot progranmie on Anglesey with fimds from the Council. The two-year Re-charge grant from Youth Musi¢ rne to an end during this year. This grant ontributed to Core staffmg, mentoring programme for 18-25 year olds, youth panel support and prof¢$sional developmcnt and wellbeing sessions for fre¢lanc¢ tutors and staff. During the year a number of our ¢ommunity projects continued and developed. The partnerthip we have with D¢nbighshiTe Leisure wbo buy our service to provide a variety of activities in Denbighshire. is very important in dev¢loping our audiences in North East of Wal¢s. We worked in partnership with Pendine Park Care Organisation in their Wrexham care homes. We were pleased to see our partnership working with Betsi Cadwaladr University Health Board develop &$ we worked on a project for young autisti¢ hildren and their families as well a5 a pilot project exploring the benefits of music to help people living with chronic pain. The balance sheet on 31.3.2024 showed a restricted fund balallc¢ of £62,531 as we had secured several grants during 2023-24 to be spent in the 2024-25 period. Howev¢r. lik¢ PTevious years, we started the year with a chall¢nging fundraising target in order not to rely on our unrestric*d cash reserve nds. We are pleased that we achieved most of this larget due to the increase in tuition numbers, securing additional small grants as well as some savings. However. it is a concern that there is a stnall decre&se in the level of the unrestricted cash reserve as we move into more challenging times in temis of fundraising. Some of the multi-year grants secured whi¢h includa contributions to core nu)ning cost5 have already or will soon come to the ¢nd of the grant period. The net deficit for the year of £58.811 (2024 - surplus of £32,724) mostly relates to the restricted fimds whi¢h are grants secured in advance for the expenditure of certain projects during 2024-25. The deficit has led to a decrease in the Capital balance to £233,259 (2024 - £292,070) represented by f¢d assets of £128,092 (2024- £126,873) and the net current assets of £105.167 (2024 - £165.197) available to fman¢¢ the business. With the charity's core Nnning costs now over £188k. k¢¢ping the unrestricted cash reserve fund at its current level is a priority moving fonvard. Major rlsk8 revieiv As an organisation that relies on generating a large proportion of our Income through activity registration fees, the impact of the cost of living crisis on our panicipants, ability to pay fees is a risk. Although we are seeing a satisfactory increase in the demand for one-to-one lessons at the rnoment we are well aware that this could change in the tllre. We have a number of projects that are free at the point of entry we aim to reduce financial baTriers to participation and improvc diversity and inclusion. We are very awaTe that the competition for fLmding from trusts and foundations and other grant awarding bodies on which these projects Tely. is increasing significantly. Securing long-tern] fLLnding for projects and a contribution to core running costs (as well as Arts Council of Wales Revenue fLfftding) will continue to be a Priority.
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Report of the tru$te¢$ for the year ended 31 Mareh 2025, continued........... We are grate1 to have retained our placc in thc Arts Council of Wales Revenue Portfolio from April 2024 following the investment review during 2023. Wc are aware of the cuts that the Arts Council of Wales have experienced in their funding from the Welsh Govenkment in the pa5tyears and the uncertainty for tbe thture. As a result, the level of our revenue funding has rcm&incd at a standstill since we joined the portfolio in 2011 and has significantly decreased as a percenlage of OUT tLunovcr Icading to very challenging fundraising targcts. which are getting increasingly difficult to aehievc frorn year ta year. During th¢ year th¢ Trustees and management staff regularly review¢d and updated the risk register. Tru5tees' responslbiiitie$ in relation to the finydncial stAteRnents Th¢ charity law requires trustees to prepare financial slatements wbich give an accurate and fair picture of the Charity's position and its income and ¢xp¢nditure for the flliancial year. In doing so. th¢ trustees are required to: choose suitable accounting policies alld apply them consistently makc judgments and eStIntcS that arc reasonable and wise ensure that applicable accounting standards and ststements of recommended practice have been roElowed, subject to any deviations disclosed and explained in the financial statements- prepare the accounts on a going concern basis unlcss it is inappropriate to &ssumc that the ckwity will continue to operatc. The trustees are responsible for maintatning accurate accounting records which disclose with reasonable accuracy at any time. the financial position of the charity and to Cnable thern to ensure that thc accounts omply with the Companies Act 2006. They are also responsible for safeguarding assets, r charity and therefore for taking reasonable steps to prevent and detect fraud and other irrcgularities. Approved report: Trustee: ate: 20 November 2025 Wyn Thoma8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CANOLFAN GERDD WILLIALVI MATHIAS CYFYNGEDIG CHARITABLE COMPANY I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025. which are set out on pages 6 to 17. Responsibilities and bagis of report As the charity's trustee5 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 satisficd rnyself that the accounts of the company are not required to bc auditcd under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of YQUT charity's aLCOUllts as carried out under section 145 of the Charitic5 Act 2011 (the '2011 Act,). In ¢aTrying out my examination I have followcd the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent examiner's report Since the company's gross in¢om¢ exG¢eded £250.000 your exarThin¢r must be a member of a body listed in section 145 of the 2011 Act. I confmn that l am qualified to undertakc the examination because I am a mernber of the Instimte of Chartered AccouDlants in England and Wales. which is one of the list bodies. I have compl¢ted my examination. l ¢onfirni that no matters have com¢ to rny attention in connection wilh the examination giving me cause to believe.. (i) accounting records were not kept in respect of the company as required by section 386 of the 2006 (2) the accounts do not accord with those accounting records. or (3) the accounts do not comply with the accounting requirements of s¢ction 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair. view whi¢h is not a matter considered as part of an independent examination. or (4) the accounts bave not been prepared in accordance with the methods and principles of the Statcmcnt of Recommcndcd practice for accounting and reporting by charities lapplicable to charities preparing tbeir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I havc no concerns and bave come acT05S no other mattcT5 in CO[ection with thc examination to which attention should be drawn in tbis report in order to enable a proper understanding of the accounts to be rcdcbed. Davld Chidley WJ M2tthcw5 & Son Chartered Accountants 11-15 Bridge Street Caern&rfon, Gwynedd LL55 IAB Date: 20 November 2025
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Statement of Financial Aetivities (incorporating an Income and Expenditure Account) for theyear ended 31 March 2025 Asat Asat Unrestricted Restricted 31 March 31 Mar¢h Fund5 Funds 2025 2024 Notes Income Grants and donatioas 122.393 54,655 177,048 238,910 Charitable activities 314,839 314,839 359,844 Inveslments 2,247 2,247 2,769 Toial 439,479 54,655 494.134 601,523 Expenditure on: Charitable activities 442,887 110.058 552,945 568.799 Total 442,887 110.058 552,945 568.799 Net Ine(Jme l (expenditure) (3,408) (55.403) (58,811) 32.724 Funds at l April 2024 228,549 63.521 292,070 259,346 Transfers Funds at 31 March 2025 £225,141 £8.118 £233,259 £292,070 All of the above results are derived from continuing activities. All gains and losses Tecognised in the year arc included abovc. The deficit for thc year for Companies Act purpos¢s Comprises the Dct cxpenditure for the year and was £58,811 (2024- net income £32.724).
CANOLFAN GERDD WILLIAM MATHIAS CYnThGEDIG Balance Sheet as at 31 March 2025 2025 2024 Notes Fixed Assets Tangible fed assets 128,092 126,873 Current As$et$ D¢btots Cash at bank and in hand io 72.939 115,016 50.121 146,662 187.955 196,783 Creditors: amountsfalling due Iviihin one year 82,788 31.586 Net current assetg 105,167 165,197 Net assets £233,259 £292,070 Funds General unrestricted fund Designaled fund Rcytrictcd fund Revaluation reserve 15 15 15 148,908 60,000 8,118 16.233 152,316 60.000 63.521 16233 £233,259 £292.070 For the year ending 31 March 2025 the company wa5 entided to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. . The members have not rcquired the company to obtain an audit of its financial statements for the year in question in accoTdan¢e with section 476. . The directors acknowledge thcir responsibilities for complying with the requirements of the Act with respect to accounting records and the prcparation of financial statements. These financial statements have been PTeparcd in accordancc with the provision5 applicable to companies subjcct to the small companics, regime and in accordance with FRS102 'Thc Financial Reporting Standard applicable in the UK and Rcpublic of Ireland,. as (Trustee) D*te: 20 Novembèr 2025 Registratfion Nu
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Cashflow 3tstem¢nt for the year ended 31 Mah 2025 Note 2025 2024 Net eash flow from operating activltles 17 (31,693) (75,944) Cash flow from Investlng 2cdvltie$ Interest received Purchase of fixed assets 2.247 (2,200) 2.769 Money used to invest 47 2.769 (Decrease)Ilnerease in cash and cash equivalents (31,646) (73.175) Cash and cash equivalents on l April 2024 146,662 219,837 Cash alld cash equivalents OD 31 March 2025 £115,016 £146,662 10
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Nots$ to the f£11 statementsfor iheyear ended 31 March 2025 Aceountlng polltfies Basis of Accounting The Iinancial statcrncnts have been prepared in accordance with Accounting and Reporting by Chartties: Statement of Rccommcnded Practice applicable to charitic5 prcparing their accounts in accOrdce with the FitWLcial Reporting Standard applicable ill the UK and Republic of Ireland (FRS102) (cffective l January 2015) - (Charitics SORP (IRs102)), the Financial Reporting Stsndard applicablc in the UK and Republic of Ireland (FRSI 02) and the Charities Aci 2011. Callolfan Gerdd William Mathias meets the definition ol a public benefit entity under FRSIO2. Assets and liabilities are initially recognised at hisloric cost OT transaction value unless otherwise stated in the relevant accounting policy note. b) Preparatlon of &c£ounts on a golng concern basis The Trustees are of the opinion that there are no reasons why the charity ¢0nIS should not be prepared under the going concern provision5. Company Status The company is limited by guarantee. If upon the winding up of Canolfan Gerdd William Mathias Cyfyngedig. there remains after the satisfaction of all debts and liabilities, any propety whatsoever the same shall not be paid to or distributed among the Members of the Company. but shall be given to some other charitable institution having similar objects to Canolfan Gerdd William Mathias Cyfyngc(h'g. d) Fund accounting General funds are unrestricted funds whicb are available for use at the discretion of the trustees in lurthcrance of the gcncral objectives of the charity and wbich have not been designated for other putposes. Designated fimds cornprise uJYestricted funds that have been set aside by the trustees forparticular purposes. Restricted funds are funds whicb are to be used in accordance with specific restrictions imposed by donors or which havc been raised by the charity for a particular purpos¢. The cosl of raising and administering such fimd5 are charged against the specifi¢ fimd. Incoming resource5 All incoming resources are in¢luded in the SOFA when the charity is legally entitled to the income and the amount Can be quantified with reasonable a¢curdCy. Grants ate accounted for in th¢ period to which they r¢late.
CANOLFAN GERDD LLIAm MATHIAS CYFYNGEDIG Notes to the f¢11 statementsfor iheyear ended 31 March 2025 (Continued) Resources expended All expendittwe is accoullted for on an a¢¢ruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activiti¢s and services for beneficiaries and includes both costs that can be allocated directly to such activities and those costs of an indire¢t nature necessary to support them. Where costs rannot be directly attributed to particular headings they have been allocated to activities on a basis consistenl with ihe use of resources. Governance costs are those sts associated witb meeting the constitutional and statutory requirements of the charity. g) Tanglbl¢ ffted assets and depreclatlon Tangtbl¢ fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Fixed assets are sta*d at cost or valuation less accumulaled depreciation. Depreciation is calculated to write off the cost, less residual value. on a straight-line basis over their expected usefvl economic lives as follows: Equipment 25% The trustees are of the opinion that the residual value of musical instnunents it at least equal to osl therefore no charge for depreciation is made in the accounts. Turnover Turnover is derived from ordinary activities, derived wholly in the UK aud net of Value Added Tax. 12
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Not¢$ to the finAn¢ial statem¢Dtsfor ihe year ended 31 March 2025 (Continued) Unrestricted Restrl¢ted Funds Funds Tolal 2025 Total 2024 Grants and Donations Grants and donations Arts Council of Wales Arts Council of Wales- cost ofiiving 5UPPOrt 42,984 79.409 54,655 97.639 79,409 156,559 81,445 906 £122,393 £54,655 £177,048 £238,910 Unrestrlded R¢$tricted Fullds FuDd5 Total 2025 Tot 2024 Ineome from Charitable Activities Income from tutorials - Galeri 161.107 Income from tOrialS - Denbighshire 35.341 Rent and admin income - Galeri 49.253 Rcntal and admin incomc - Denbighshire l 0,009 Special events 57,507 Hire. rents and other income 1.622 161.107 35.341 49.253 10,009 57.507 1.622 132,012 30.861 40.051 8.288 147,102 1,530 £314.839 £314.839 £359.844 Unrestrieted Restricted Funds Funds Total 2025 Total 2024 Cost of Charltable aetivities Tutor fees - Galeri Tutor fccs - Denbighshire Rental costs - Denbighshire Special events and other cosl8 Canfod y Gan Caffi Canfod y Gan Prosiect India Project BCUHB projc Support costs (Note 6) Govertwice costs (Note 7) 160.783 35.341 7.378 81.224 324 161,107 35.341 7,378 82,365 28.470 22,885 19,892 3,974 188.302 3,231 132,012 30,861 6.750 163.412 21,531 14.170 9.119 1,127 187.107 2,710 1.141 28,470 22,885 19,892 3,974 33,372 154,930 3.231 £442,887 £110,058 £552,945 £568,799 13
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Notes to the financial Statemenlsfor theyear ended SJ March 2025 (Continued) Ch¥rfitsble A¢tiwiti¢$ Restrleted Fund$ Total 2025 Tot41 2024 Support Costs Wages Employer pension contributions Travelling expenses Advertising and n]arketing Telepbone. post. printing and stationery Photocopier lease Computing costs Bank charges Insurance Rent atLd rates Sundry Instruments Paritor administrative system DBS Checks Piano tuning and repairs Training and courses DrecIatiOn 98,441 3,212 677 2270 2,102 2,134 1.937 2.407 4.291 31.594 1.732 295 22,928 2,547 1,300 300 300 300 300 121,369 5,759 1,977 2,570 2,402 2,434 2,237 2,407 4,691 32,674 1,732 295 122,672 5.691 1.828 2,897 3.517 1.056 1.457 2,167 4,276 30,766 1,465 576 2,808 320 1,576 2,646 1.389 400 1,080 240 1,993 624 981 96 336 1,993 4.445 981 3,821 £154,930 £33,372 £188,302 £187,107 Unrestrl¢ted Funds Restricted Funds Total 2025 Total 2024 Governance Accountancy fees Board meeting costs 2,500 731 2.500 731 2,400 310 £3,231 £3.231 £2,710 Staff costs and trnstees, remuner4tion 2025 2024 Wages and salaries Social se¢urity costs Employer pension contributions 118,597 4.636 5.759 118.719 4,933 5.691 £128,992 £129,343 14
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Notes to tbe financial statementsfor theyear ended 31 MaTck 2025 (Continued) Staff costs and trustees, remuneTation continued... During the year the average number of full-time equivalent employees was 4.5 (2024- 4.5) being 3 full-time and 3 part-tiLne staff. No employee earned £60,000 a year or morc. Two trustccs (2024 vo Inlee) rcccivcd tutor fccs totslling £2.732 during the year (2024- £4,061). The key management personnel of the charity comprise the trustees and the Charity Director. The total employee benefits of the key management personnel of the charity were £43,206 (2024 - £41.888). Also, during the ycar fiv¢ trustees Q024-four Intstees) received fe¢s totslling £3.777 for work carried out as part of other special events (2024 - £9,279). No trustee (2024 - none) received repaytnellt for expenses inCUTred (2024 - £-) Fixed assets Musical Equipment Other Equipment Total Cost or valuation At l April 2024 Additions 125.892 2.200 22,887 148,779 2.200 At 31 Marcb 2025 128.092 22,887 150.979 Depreciafion At l April 2024 Charge for the year 21,906 981 21,906 981 At 31 March 2025 22.887 22.887 NrtBook Value At 31 March 2025 £128,092 £128,092 At 31 March 2024 £125,892 £981 £126,873 io. Debtors 2025 2024 Other debtors Tutorials, rents and athninistration Prepayments 16.258 43,767 12,914 26.916 20,061 3,144 £72.939 £50,121 15
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Notss to the financial $tatem¢nt$for iheyear ended 31 March 2025 (Continued) ii. Creditors: amountsfalling due within oneyear 2025 2024 Trade ereditors Taxation and social security Accruals and deferred in¢om¢ 31,587 2,440 48,761 31,586 £82,788 £31.586 12. Corporation Tax Canolfan Gerdd William Mathias Cyfyngedig Iw charitable sta5 and as such 18 not cbargeable under CorDoration Tax. 13. Transactions with Public Authorities and other interuted partie5 2025 2024 During the year th¢ Gbwity received the following inwtn¢: Arts Council of Wales: Rev¢nu¢ Funding Cost of Living Caffi Canfod y Gan Wales Arts International The Friends of Canolfan Gerdd William Matbias - Donation Denbighshire Leisure Limited Cyrngor Gwynedd- Culture Fund (SPF) Cyngor GThynedd - specific Projects Cyngor Gwynedd- School holiday activities Ty Cerdd Cadwyn Clwyd (Rrenig Fund Grdnt) Chaprnan Trnst Anthem A&B Culture Step League of Friends Abergele Hospitsl Tir Mostyn Wind Fartn Grant 79,409 81.445 906 38,335 6.495 2,500 4,375 7.209 8.648 1.084 462 3.620 3,000 4,765 4,260 18.000 3.000 11,925 15,554 6,674 2.146 1,650 950 3.000 2.270 1,050 800 300 16
CANOLFAN GERDD wILLL MATHIAS CYFYNGEDIG Iyotes to the fin8nciAI statemeTh¢sfor theyear ended 31 March 2025 (Continued) 14. Controlling Party The charitable eompany 15 limiÈed by guarantee and has no slwe capital. The charitable Company is controlled by the Ttee5 who are also the company's Directors. 15. Statement of Funds Net Current Assetsl (Liabilities) Tydngible Fixed Asset5 Tot21 Fund$ Unrestrkct¢d Fund5 Restricted Fund5". IMO Ben Muskett CCC Covid Grt IMO Charli Britton Canfod y Gan- continuation India Project BCUHB Projcct 128,092 97,049 225.141 4,603 1,357 660 1,246 132 120 4.603 1.357 660 1.246 132 120 At 31 March 2025 £128.092 £105.167 £233,259 l Aprll 2024 31 March 2025 Income Expenditure Transfer Unresirlct¢d Funds General Reserve Desigllated Fund Revaluation reserve 152.316 439,479 (442,887) 148,908 60.000 16.233 16.233 £228.549 £439,479 (£442,887) £- £225,141 Restricted Funds IMO Ben Muskett 4,833 CCC COVID Grant 1,357 IMO Charli Britton 660 Canfod y Gan - continuation 23,579 Canfon y Gan Caf¢ 21.522 India Project 576 Youth Music 6,571 BCUHB Project 4,423 120 (350) 4,603 1,357 660 1.246 26.841 4.260 19.448 3.906 80 (49.174) (25,782) (19.892) (10,477) (4,383) 132 120 £63,521 £54,655 (£110.058) £8.118 17
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Notes to tbe financial statementsfor theyear ended 31 March 2025 (Continued) Is. Ststement of Funds continued..... l April 2023 31 March 2024 In¢ome Eipenditure Transfer Unrestricted Funds General Reserve Designated Fund Revaluation reserve 164.514 55,000 16.233 482,202 (489,400) (5,000) 152,316 5.000 60.000 16.233 £235,747 £482,202 (£489,400) £- £228,549 Restricted Funds IMO Ben Muskett 4,892 CCC Covid Grant 4,165 IMO Charli Britton 721 Canfod y Gan- continuation 4.202 Canfod y Gan Café India Project Youth Music BCUHB Project 120 (179) (2,808) (61) (28,602) (16.813) {9.119) (20,630) (1,187) 4,833 1,357 660 23,579 21.522 576 6,571 4,423 47.979 38,335 9,695 17,582 5,610 9,619 £23,599 £119.321 (£79.399) £- £63.521 The General Reserve fund represents the free funds of the cbarity. which are not designated for a particular purpose. The Designated Fund supports the Charity's long-tenn resilience. covering planned replacement of musical equipment and providing for potential redundancy and essential op¢rating costs in the event of closure and winding down of operations. It is revt¢w¢d annually lo ensure it remains appropriate to the charity's risk and financial profile. Restricted Funds have been established as follows.. A Reslricted Fund was founded by the charity in 2010 in memory of one of its tutors Ben Muskett. The airn of the fijnd is to support young pianists. CGWM received a Covid Recovery Grant from tbe Arts Council of Wal¢s towards establishing a new digital administrative system and also computer equipment and other equipment to help the company adapt to Covid restrictions. This is shown as a restricted fund. A Restricted Fund was founded in 2022 in memory of Charli Britton, who taught dnuns at the Ganolfan for several years until his passing in August 2021. After the Spirit 2012 funding peri( ended funding was secured for the continuation of the Canfod y Gan project from various sources. In 2024-25 this was mainly £25k Steve Morgan Foundation and £20k National Lottery Community Fund (received at the end of 2023-24 for eXpenditte in 2024-25. Caffi Canfod y Gan- we secured a wnt from the Arts Council of Wales. Art & Health Fund to develop a new elem¢nl to our Canfod y Gan project focusing on working with individuals who have profound and complex needs. The proje¢t ran over two Financial y¢ars and ended in March 2025. Since Summer 2022 CGIVM has been working on developing a partnership project with North-East India. This Fund includes grants received for visits to India to develop the partnership (from Wales International Arts) and donattons from Mair Jones Scholarship towards fidIllg harp lessons on zoom for sdentS from India. 18
CANOLFAN GERDD WILLIAM MATHIAS CYFYNGEDIG Not¢s to the finan¢ial ststementsfor theyear ended 31 March 2025 (Continued) 15. Statement Of Funds colldnued..... During 2022 funding was srfured from Youth Music Recharge Fund towards StatTmg costs, Professional Development and Wellbeing activities, Youth Panel support costs and Mcntoring oppormnities for young musicians aged 18-25 yrs. The two-year grant covering 1.8.2022-11.10.2024 was received in instalrnents and paid in advance with the final instalmcnt paid after end of project durÈng 2024-25 finanrial ycar. BCUHB project- We arc a partncr in all Art & Health project which is led by BCUHB working with autistic children and their families. We are responsible foT administcring one element of the project over a PCTiod of approximately 2 years. 16 Transactions with related pArties During the year, tnreeS and related parties received services from the Charity. all of whicb were charged at full market rates. No unrestricted donations were received from trustees or related partics (2024: £2,735). In addition. onc Trustee and one staff member also scrved as TnteeS of Cyfeillion Canolfan Gerdd William Mathias. which made a donation of £3.000 (2024: £2.500}. 17. Reconcile the operating profit with the net Cash inflow from operating actlvllfies 2025 2024 Net movement in reserve$ Interest received Depreciation (Increase)/Decr¢ase in debtors tncreasel(Decrea5e) in creditors (58,811) (2,247) 981 (22,818) 51.202 32.724 (2.769) 1,389 (1.339) (105,949) et Cash flow from operating activitfies (31,693) {75,944) 18. Prior Year Statement of Flnanclal A¢tivitie8 AsAt Asat Unrestricted Restrlcted 31 March 31 March Fullds Funds 2024 2023 Notes Iocome Grants and donations Charitable aLtivities tnvestments 119.589 359.844 2.769 119,321 238.910 359.844 2.769 227,268 248,730 774 Total 482.202 119,321 601,523 476,772 Expenditure on: Charitable activities 489,400 79,399 568,799 460.333 Tot41 489.400 79,399 568.799 460.333 Net income l (expendltur¢) (7.198) 39,922 32,724 16,439 Funds at l April 2023 235,747 23,599 259,346 242,907 Funds at 31 March 2024 £228,549 £63,521 £292,070 £259.346 19