REGISTERED COMPANY NUMBER: 05412315 (Wales) REGISTERED CHARITY NUMBER: 1109455 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for Dawns i Bawb an Limited b Guarantee Acom
Dawns i Bawb Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Actlvltles 10 Balance Sheet 11 to 12 Notes to the Financial Statements 13 to 22
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charity's aim is to provide dance activity for the communities of North West Wales with a focus on health, well-being and community cohesion. Dawns i Bawb believes that everybody can dance and that dance can be a positive and empowering medium through which people can positively transfom not only their own lives, but that of their communities. The company receives a revenue grant from The Arts Council of Wales (ACW), and the County Councils of Gwynedd and Ynys Mon. The company also relies on project grants for upcoming activities. Taster sessions are offered in different geographical areas, but significant income for the company is created from the sessions it offers to schools and community groups. Activities to fulfil its aims Dawns i Bawb plan and develop their activity under 5 Strands of Community Dance, which are core to their mission and drive their vision and ambitions: Dance & Community Cohesion - dance as a means to tackle social issues, give a voice to individuals and communities, community regeneration projects and to bring communities together. Dance In Education collaborating with schools to deliver dance as part of Expressive Arts of the Curriculum for Wales and dance as a means for school children to improve health and wellbeing and develop confidence in creative and physical abilities. Dance for Health dance activity to improve the physical and emotional health and wellbeing of individuals including Care Home residents, people living with Dementia and Parkinsons. dance on prescription. physical fitness and combating social isolation. Dance and Welsh Language developing activity that allows participants to learnlexperiencelcelebrate the Welsh language through dance. Strategic & Artistic Development - playing a role in developing future dance artists through Welsh & opportunities for dance as a medium to develop life skills and artistic skills. Page 1
Dawns i Bawb ort of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Public benefit Dawns i Bawb is a public benefit entity and the trustees have had regard to the Charity Commission's guidance on public benefit. Dawns i Bawb is a registered charitsble company whose charitable purpose is to:_ Provide an education and community programme culturally relevant to the communities of Conwy, Gwynedd and Ynys Mon. Offer supportive, creative environments in which people of different abilities, ages, and background can participate, enjoy dance, celebrate individual expression and come together to create, share and explore. Raise the profile of dance as an art form and shows how it can be inspiring and encourage a sense of creative achievement as well as encouraging social interaction and improvement to health and well-being. Offer regular classes, develop specific projects, workshops, cross art fomis activities and performances, opportunities for all age groups and abilities in a wide range of dan styles. Create opportunities for training, employment opportunities and professional development for local professional dance practitioners as well as professional work placements for those who face barriers in entèring the workplace. Work in close partnership with local authorities and other public and voluntary services which contribute to the wider social agendas of inclusion, health, education and lifelong learning. Page 2
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES The main benefits of dance Improves your health.. Dancing for just 30 minutes three times a week strengthens the heart, builds muscle, lessens the risk of Osteoporosis. and helps to control weight and the blood pressure. Helps develop a personal sense of well-being and place in society by increasing self-esteem and confidence, overcoming shyness. relieving stress, creating opportunities to meet new people and make new friends. Helping to improve the quality of residents. lives. Dance is now considered not only as an art form, but as something that has support for all ages to keep fit and reduce stress. Helping to develop self-confidence and self-awareness. Dawns i Bawb has been working with people of all ages and abilities since it was established. Like other arts activities, dance encourages young people to use their spare time in a creative, positive, and supportive environment which can support them in making a positive contribution to their communities and in this sense, has been known to help reduce levels of youth crime. Page 3
Dawns i Bawb rt of the Trustees for the Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE Main activities MAIN ACHIEVEMENTS 1. The charity has successfully completed their second year as an Arts Council Wales Portfolio client 2. The charity continued to deliver activity in Gwynedd with financial support of £18,000 from Gwynedd Council's Shared Prosperity Fund to develop Community Dance Activity throughout Gwynedd beeen October 2023 - Dernber 2024 and were granted an extension to use an underspend for their annual community dance production in February 2025. 3. The charity saw a change in stsff structure with a new Admin Officer coming in to post in June 2024 and a Dance Development Officer taking maternity leave in September 2024. Maternity cover was brought in during September 2024 - July 2025. During the year, Dawns i Bawb has held 473 sessions, with 6798 participating. It created 1 performance of the Dawns i Bawb annual production 'Gafael yn Fy Llaw, with 284 audiences and 99 participants of all ages and abilities taking part. The production was due to take place in December 2024 but was postponed until February 2025 due to illness of the Artistic Director. The Director has taken part in an 18 month training programme called 'Creative Transformations, which has given support to develop a new business model that works efficiently in response to availabl8 resources as opposed to attempting to maintain the same model with less. WIDENING ENGAGEMENT During the year, Dawns i Bawb has strengthened its vision in working with marginalised groups including the elderly, disabled people, people living with long term illnesses including Dementia and Parkinsons. care home residents, refugees and people living in deprived areas. It is felt that the activities this year have helped shaped Dawns i Bawb's vision to develop dance activity with those who face barriers to access, the arts and feel they are left on the margins of society. The charity aims to continue with this vision as they develop a new business model in 2026-27. RESIDENTIAL HOMES The sessions enable people living in residential homes to take part in dance, movement and music, and the sessions have been specially developed so that they are not dependent on short-term memory or language skills, but instead focus on people's strengths, feelings and enduring abilities. The sessions provide a therapeutic benefit, a form of relief and a means of expression. Using simple creative movements it allows people to express something about their identity. Page 4
Dawns i Bawb rt of the Trustees for the Year Ended 31 March 2025 ANNUAL COMMUNITY DANCE PRODUCTION The charity creates a new and original community dance production every year. The 2024125 performance was called 'Gafael yn Fy Llaw. (Take Hold of My Hand) and looked specifically at themes of community cohesion and finding common ground through dance. 99 participants took part from age 4-90+ years and included learning disabled dancers, people living with Dementia, care home residents and a local school who had been facing barriers in accessing the arts due to social deprivation and financial restrictions. PARTNERSHIPS The charity views partnership and collaboration as essential to an inclusive and acSsible community dance programme and have been pleased to develop new and existing strategic partnership that have ensured exciting and unique dance activity: DUETS Programme in partnership with Ballet Cymru to bring ballet activity to rural communities that have limited access to the arts Porthi Dre a community hub in Caernarfon to run regular dance sessions for the elderly community Mencap Mon and Lwbrau Llesiant - collaborating to develop a new event 'Strictly Gwynedd a Mon for learning disabled dancers in which 250 people took part Dementia Actif Gwynedd - regular dance sessions for people living with Dementia in the community and their families and carers Croeso Menai a pilot project to explore how dance activity might benefit asylum seekers that have located to the Bangor area Canolfan Gerdd Williams Mathias and Betsi Cadwaladr Health Board - to run a series of dance and music sessions for children with Autism and their families FINANCIAL REVIEW Financial position The results of the charity are shown in the Statement of Financial Activities. The overall net incoming resources show a surplus of £6,930 (2024: surplus of £15,774). Principal funding sources The charity's principal funding source is the Arts Council for Wales who contributed £97,500 (2024: £87,497) of core revenue funding for the year. Of course, funding was also received from both Cyngor Gwynedd and Ynys Mon Council, and from a number of Community & Town Councils Investment policy and objectives The trustees, investment powers are governed by the Memorandum & Articles of Association. The trustees have a policy of keeping any surpluses as liquid funds in interest-bearing short-term deposits, which can be access8d readily. The trustees are of the opinion that the charity needs to keep its reserves liquid as possible, and therefore does not consider it prudent to invest in other fomis of investments currently. Page 5
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2025 FINANCIAL REVIEW Reserves policy The charity has adopted a reserves policy. The company will aim to keep a minimum of three to six months running costs including any extra reserqes for expected future grant funding cuts, as recommended by the Board of Trustees. This designated reserve held £40,000 as at the year end. The trustees have established a policy whereby a specific amount should be held as a bespoke reserve, with this being equivalent to 3 months of the resources expended. The trustees have decided that a sum of £40,000, which has been allocated to its own designated fund, should be sufficient at this time. The actual free reserve, as at the end of March 2025, which would not include the £40,000 already designated, at £111,850 (2024: £93,923}, which is above the current target level, but in these inflationary times, the current free reserve value is not considered to be overly excessive. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The company is limited by guarantee and is a registered charity and its governing document is its Memorandum & Artides of Association. Recruitment and appointment of naw trustees Directors are nominated and elected in a meeting of the Management Board. This is done after discussions in the previous meetings on their suitability and the specialism they have to offer. They will be appointed for 3 years to begin with. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05412315 (Wales) Registered Charity number 1109455 Registered office Unit 2 Galeri Victoria Dock Caernarfon Gwynedd LL55 1SQ Page 6
Dawns i Bawb rt of the Trustees for the Year Ended 31 March 2025 Trustees Mr L Ap Rhisiart (resigned 28.7.25) Mrs M W Evans Mrs G Owen Mrs A Postle (resigned 28.7.25) Mr F Roberts {resigned 28.7.25) Mr G I Williams (resigned 28.7.25) Ms S Rees-Jones (appointed 1.1.25) Ms D Ll Llywelyn (appointed 28.7.25) Company Secretary Ms C Young Independent Examiner Mr Emyr Rice-Roberts FCA Emyr Mortimer Cyf 32 Y Maes Caernarfon Gwynedd LL55 2NN STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of Dawns i Bawb for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Apted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. prepare the financial ststements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in business. Page 7
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitsble company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordan with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on . its behalf by: and signed on Ms C Young - Secretary Page 8
Inde endent Examiner's Re Dawns i Bawb ort to the Trustees of Independent examiner's report to the trustees of Dawns i Bawb ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. 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 for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (Ihe 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under Section 145(5} (b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the 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 independent examination. or the accounts have not been prepared in accordan 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 Ireland (FRS 102)). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Emyr Rice-Roberts FCA Emyr Mortimer Cyf 32 Y Maes Caernarfon Gwynedd LL55 2NN IS/1 /zG Page 9
Dawns i Bawb Statement of Financlal Activities Incor oratin an Income and Ex for the Year Ended 31 March 2025 enditure Account 31.3.25 Total funds 31.3.24 Total funds Unrestricted Designated Restricted funds funds fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 106,715 106.715 123,206 Charitable activities Primary purpose 20,875 20,875 26,664 Investment income 1,794 1,690 Total 129,384 129,384 151,560 EXPENDrruRE ON Charitable activities Primary purpose 117.921 117,921 131,441 Other 4,533 4,533 4,345 Total 122,454 135,786 NET INCOME Transfers between funds 6.930 6,930 15,774 14 9,968 9.968) Net movement in funds 16,898 {9,968) 6,930 15,774 RECONCILIATION OF FUNDS Totsl funds brought forward 98.039 40.000 9.968 148.007 132,233 TOTAL FUNDS CARRIED FORWARD 114,937 40,000 154,937 148,007 The notes form part of these financial statements Page 10
Dawns i Bawb Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Designated Restricted funds funds fund Notes £ FIXED ASSETS Tangible assets 3,087 3,087 4,116 CURRENT ASSETS Debtors Cash at bank and in hand 10 7.714 7,714 13,955 106,028 40,000 146.028 131,818 113,742 40,000 1 $3,742 145,773 CREDITORS Amounts falling due within one year 11 (1.892) (1,892) (1,882) NET CURRENT ASSETS 111,850 40.000 151,850 143,891 TOTAL ASSETS LESS CURRENT LIABILITIES 114,937 40,000 154,937 148,007 NET ASSETS 114,937 40,000 154,937 148,007 FUNDS Unrestricted funds Restricted funds 14 154,937 138,039 9.968 TOTAL FUNDS 154,937 148,007 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements Page11 continued...
Dawns i Bawb Balance Sheet - continued 31 March 2025 The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordan with the requirements of Sections 394 and 395 and which other04ise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by.. Mrs G Owen- Trustee The notes form part of these financial statements Page 12
Dawns i Bawb Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Going concern The charity's viability in its current state is dependent substantially on revenue funding from Arts Council Wales (ACW) and, to a lesser extent, various County Councils. There are no material uncertainties to these funding sources for the next financial year and therefore about the charity's ability to continue as a going concern. Income All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. Restricted income is allocated to a restricted fund and matched with the expenditure. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT, which cannot be recovered, and is classified under headings of the statement of financial activities to which it relates. Expenditure on raising funds includes the costs of all fundraising projects and activities. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are reported by Ihe nature of the expenditure. Restricted expenditure is allocated to a restricted fund with any shared overhead costs apportioned on a reasonable basis. Page 13 continued...
Dawns i Bawb Notes to the Financial Statements . continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES . continued Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Reco nition Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses, if applicable. De reciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Equipment: 250/0 reducing balance irment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post.retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 14 continued...
Dawns i Bawb Notas to tha Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. DONATIONS AND LEGACIES 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Grants 106,715 106,715 123,206 Grants received, included in the above, are as follows: 31.3.25 31.3.24 Arts Council of Wales Cyngor Gwynedd Isle of Anglesey County Council Local Community & Town Councils Cost of living award - ACW Other Grants Shared prosperity fund Other grants 97,500 4,408 4,057 750 88,535 2,898 800 7,862 5.108 18,000 106,715 123,206 Page 15 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2025 INVESTMENT INCOME 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Deposit account interest 1,794 1,794 1.690 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting}: 31.3.25 31.3.24 Depreciation - owned assets Other operating leases 1,029 3,694 1,372 1,790 INDEPENDENT EXAMINATION FEES Fees payable to the independent examiner for accountancy & examination amounted to £3,780 (2024.. £3,600) & £753 (2024: £649) for other services. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 16 continued...
Dawns i Bawb Notes to the Financial Statements . continued for the Year Ended 31 March 2025 STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Other pension costs 76,572 1,163 1,483 88,075 1,470 1,814 79,218 91,359 The average monthly number of employees during the year was as follows: 31.3.25 31.3.24 Payrolled stsff No employees received emoluments in eXsS of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted funds funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 105,205 18,001 123,206 Charitsble activities Primary purpose 26,664 26,664 Investment income 1,690 1,690 Total 133,559 18,001 151,560 EXPENDITURE ON Charitable activities Primary purpose 124,619 6,822 131,441 Other 4,345 4,345 Total 128,964 6,822 135,786 NET INCOME Transfers between funds 4,595 6,941 11,179 6,941) 15,774 Net movement in funds 11,536 4,238 15,774 Page 17 continued..
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . continued Unrestricted Designated Restricted funds funds funds Total fvnds RECONCILIATION OF FUNDS Total funds brought forward 86,503 40,000 5,730 132,233 TOTAL FUNDS CARRIED FORWARD 98,039 40,000 9,968 148,007 TANGIBLE FIXED ASSETS Computer equipment COST At 1 April 2024 and 31 March 2025 38,139 DEPRECIATION At 1 April 2024 Charge for year 34,023 1.029 At 31 March 2025 35,052 NET BOOK VALUE At 31 March 2025 3.087 At 31 March 2024 4,116 Page 18 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2025 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Other debtors 4,873 2,841 1,634 12,321 13,955 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Social security and other taxes Other creditors Accrued expenses (2,123) (2,123) 274 3,731 4.015 1,892 1,882 12. LEASING AGREEMENTS The office rental lease was not signed as at the year end. A total of £4,862 (2024: £4,269) was paid to Galeri for the charitys registered office address in the year. 2024. 13. SECURED DEBTS 14. MOVEMENT IN FUNDS Net Transfers movement between in funds funds At 31.3.25 At 1.4.24 Unrestrlcted funds General fund Charity Reserve General assets fund 93,923 40,000 4,116 7.959 9,968 111,850 40,000 3.087 1,029) 138,039 6,930 9,968 154,937 Restrlcted funds Shared prosperity fund 9,968 {9,968) TOTAL FUNDS 148,007 6,930 154,937 Page 19 continued...
Dawns i Bawb Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund General assets fund 129,384 (121,425) 1,029 7,959 1,029) 129,384 122,454 6,930 TOTAL FUNDS 129.384 122,454) 6,930 Comparatives for movement in funds Net Transfers movement between in funds funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Charity Reserve General assets fund 81,015 40,000 5,488 5,967 6,941 93,923 40,000 4,116 1,372) 126,503 4,595 6,941 138,039 Restricted funds Dementia Workshops Moon Dan Foundation & ACW Dan Development Shared prospeiity fund (5) 5,725 (5,725) 11,179 9,968 5.730 11,179 9,968 TOTAL FUNDS 132,233 15,774 148,007 Page 20 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS . continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestrlcted funds General fund General assets fund 133.559 (127.592) 1.372) 5,967 1,372) 133,559 {128.964} 4,595 Restricted funds Shared prosperity fund 18,001 (6,822) 11,179 TOTAL FUNDS 151.560 135,786) 15,774 General Funds The general funds represent income received from its funders and resources expended in carrying out its principal activities. These general fvnds enable the charity to plan ahead to the future and ensure the activities are supported, thus avoiding financial difficulties. Any surplus generated will be used to fund additional activities in line with its charitable objectives. General Assets Funds The general asset fund includes the net book value of tangible fixed assets. It includes office equipment essential to the running and administration of the charity. No new office equipment was purchased in the year {2024- nil) and depreciation totalling £1,029 {2024: £1,372) was charged in the year. Desi nated Fund The company aims to secure at least three months of costs as recommended by the Charities Commission. The opening designated fund of £40,000 had been decided by the Trustees, with this to include £36,000 to cover three months of staff salaries and related office costs if the company was to fold and £4,000 for Local Authority grant cuts. No changes were made to this fund for the year. This will be monitored on an on-going basis. Restricted Funds The company reiVed funding for various specific projects during the year as listed in the restricted funds table. Page 21 continued...
Dawns i Bawb Notes to the Financial Statements . continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- continued Transfers between funds The net fund transfer balance of £9,968 (2024: £6,941) relates to the re-allocation of general funds, so as to support the other designated and restricted funds. 15. RELATED PARTY DISCLOSURES The trustees have considered the requirement to disclose transactions with related parties, and as all transactions with its related parties and joint ventures, were deemed to be at market value there is nothing to disclose here. 16. DEFINED CONTRIBUTION PLANS The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,483. (2024: £1,814). Page 22