CANOLFAN GERDD WILLIAM I￿ATHIAs
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 tn￿teeS
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 I￿ATHIAs 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 cI￿lty 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 r￿st 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 n￿Ill 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 CO￿pCtlltioll 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 grate￿1 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 fill￿8 ¢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 grate￿1 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 eStIn￿tcS 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 f￿ed 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 Ma￿h 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￿￿£1￿1 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 accOrd￿ce with the FitWLcial Reporting Standard applicable ill the UK and Republic of Ireland
(FRS102) (cffective l January 2015) - (Charitics SORP (I￿Rs102)), 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 ￿¢0￿nIS 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￿￿¢1￿1 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
D￿recIatiOn
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 In￿lee) 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 sta￿5 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 T￿￿tee5 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 Gr￿t
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 eXpenditt￿e 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 fi￿dIllg harp lessons on zoom for s￿dentS 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, tn￿reeS 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 Tn￿teeS 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