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2023-03-31-accounts

Charity No. 1135641 Company No. 02911716

ARTS CONNECTION - CYSWLLT CELF

TRUSTEE'S REPORT AND UNAUDITED STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

ARTS CONNECTION - CYSWLLT CELF LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

Directors and Trustees

The Directors of the charitable company are its Trustees for the purpose of charity law. The following Directors and Trustees served during the year:

Mr M Duckers Ms K Irwin (Resigned December 2022) Mr M Harding Mr J Hextall Ms M Glen Mr G Tansley Ms A Contestabile

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 02911716 Charity No. 1135641 Registered Office Y Dolydd High Street Llanfyllin Powys SY22 5LD Independent Examiners KC Accountancy Services Youth & Community Centre High Street Llanfyllin SY22 5DB

Page 1

ARTS CONNECTION - CYSWLLT CELF CONTENTS

Pages
Trustees' Annual Report 3 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Accounts 12 to 22

Page 2

ARTS CONNECTION - CYSWLLT CELF TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT)

FOR THE YEAR ENDED 31 MARCH 2023

CHAIR'S REPORT

Arts Connection – Cyswllt Celf have been doing what we do for more than 25 years and we keep on going; we keep on creating local spaces for everyday people to connect with art, with nature and with each other.

We continue to believe that the arts can and do have a positive and transformational effect on individual and community lives- we see this happen in our work.

How have we being doing? It’s been quite a topsy time as society emerged from the covid chaos and on behalf of the Board I’d like to publicly applaud Sian and her team for managing things sensibly during times of interrupted plans and ruptured budgets. Siân, Sioned, Marinke, Rhian, Ruth- a flexible evolving team who have done incredibly well to stay on top of their game and deliver so many sessions all over these hills as the dust settled and inflation came.

Our new home at The Workhouse is working out well. It is our hub, our heart and our storeroom and is increasingly becoming an incredible platform for arts encounters – this all means that we have growing ambitions!!. Now we are onsite we can hopefully begin to think about bigger/better/bolder plans and develop creative ideas with others. The building is tenanted by some incredibly talented artists and artisans and it hosts regular cultural events of many flavours so we are in a good place…

We hope the new logo continues to find itself on successful bids for public monies. Our current funding streams seem ok – they are as fluid as ever was, but we keep on looking and we keep on finding just enough to make good things happen. A special thanks this year to the Global MSN without whom so much wouldn’t have happened. – our work with WKD & CREDU has seen so many respite encounters funded – places and spaces for being together and trying new things which included the All Wales Young Carers Festival, the CREDU Big Weekend and Another Kind of Summer (an international exchange of open play and learning) We did so many things in so many places it wouldn’t make sense to list them all, our artists travelled near and far to make art with many many folks, a mural popped up in Welshpool, kids learnt to code, lonely people have become less lonely in a world with a few more colours - wellbeing has been our truest aim as recover from the damage done and heal ourselves as communities.

Ymlaen & onwards

Dux (Martin Duckers) Chair

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16th July 2014.

Page 3

OBJECTIVES AND ACTIVITIES

The charity's objectives are to promote, maintain, improve and advance education and participation in the arts including, without limitation, visual arts, performing arts and digital arts in Mid and North Wales and the Borders area

We achieve our objects through our vision, mission and aims:

Vision - To make the arts an integral part of people's lives

Mission - We will inspire people to participate in the arts, enhancing their creativity and wellbeing

Goals:

The trustees have paid due regard to public benefit guidance issued by the Charity Commission in deciding what activities the charity should undertake

ACHIEVEMENTS AND PERFORMANCE

We have five creative programmes under which we deliver our charitable activities

Arts for All is our creative programme aimed all ages and abilities with a focus on families and older people. We delivered a range of projects including:

Page 4

Art of Wellbeing is our creative programme focused on particular health agendas. We delivered a range of projects including:

Wild @ Art is our creative programme focused on different environmental agendas. We delivered a range of projects including:

Skills & Thrills is our creative programme aimed at developing participatory arts practice. We delivered a range of projects including:

Our Volunteers

We rely on the support of voluntary help. We are supported by a range of people from the communities we work in who support our exhibitions, events and workshops.

FINANCIAL REVIEW

We are successful at building and maintaining relationships with key stakeholders and a range of partners. Through these relationships we are able to generate additional project funding, manage arts projects for other public and private agencies and work in partnership to create more opportunities for participation in high quality arts activity. We receive funding from a broad range of trusts, foundations, partner organisations and other funding bodies and continue to have the confidence of key funders, in particular the Arts Council of Wales. Income is also generated from membership fees, participant fees, through the sale of services and equipment hire.

Policy and procedure related to financial record keeping is robust, staff have received training and support where required. The charity has the power to make any investment which the trustees see fit. The trustees have a duty to identify and review the risks to which the charity is exposed. They ensure that the appropriate controls are in place to provide reasonable assurance against fraud and error. They have put systems in place, where practicable, to reduce exposure to these. We maintain a risk register based on identified risks, assessing their impact, and reducing and managing those risks which are regularly reviewed.

The Board of Trustees have a Reserves Policy and Exit Strategy to mitigate the risks identified in our risk register, i.e. sudden funding cuts, delayed payments or other unforeseen financial problems. Our aim is to maintain a reserve that is equivalent to 3 months operational activity; this designated reserve is currently set at £25,000.

Unrestricted funds, excluding fixed assets and designated reserves are £16,027 at the year end. Of this figure, £10,467 has been designated for projects and the Trustees consider the free reserves of £5,560 to be in accordance with our reserves policy and are therefore at an acceptable level.

Page 5

Risk

The trustees have a duty to identify and review the risks to which the charity is exposed. They ensure that the appropriate controls are in place to provide reasonable assurance against fraud and error. They have put systems in place, where practicable, to reduce exposure to these. We maintain a risk register based on identified risks, assessing their impact, and reducing and managing those risks which are regularly reviewed.

Covid-19

From 2022 – 2023 we found that Coivd-19 had a much lesser impact on our work and ability to deliver projects.

FUNDRAISING PRACTICE POLICY

Our Approach

We are registered with the Fundraising Regulator and work in a way that is compliant with the Code of Fundraising Practice. We are signed up to the Fundraising Promise meaning we are committed to ensuring that our fundraising is legal, open, honest and respectful.

We raise 1% of our income through fundraising. We have received ‘0’ complaints about our fundraising activities.

How We Fundraise

We do not employ fundraising agencies, street fundraisers or undertake telephone fundraising programmes.

Fundraising is undertaken by the staff team and they fundraise in the following ways:

Online:

Vulnerable People

Where we have reason to believe an individual is vulnerable and lacks the capacity to make decisions around their financial giving then a donation will not be taken.

If after the donation is taken we receive evidence that a person was in a vulnerable situation and lacked capacity to make the decision to donate, then the charity will return the donation, because it will be deemed that the original donation was invalid.

Complaints

If you are unhappy with anything we’ve done whilst fundraising, you can report this to us using our Complaints Procedure. We will listen to feedback and respond appropriately to compliments and criticism we receive.

If you cannot resolve these concerns you can contact the Fundraising Regulator directly.

Page 6

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is a company limited by guarantee and does not have share capital. Advantage has been taken of Section 60 of the Companies Act 2006 exempting the charity from the requirement to show Limited with its name.

The charity is governed by its Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr M Duckers Ms K Irwin (Resigned December 2022) Mr M Harding Mr J Hextall Ms M Glen Mr G Tansley Ms A Contestabile

Prospective trustees are considered by the trustees, co-opted onto the board and formally appointed at the AGM. Trustees will serve terms of three years, up to a maximum of two terms. The members may determine by ordinary resolution that a Trustee who has served six years in office may stand for re-election for a further term or further terms if they determine that it is in the best interests of the Charity that the Trustee should do so. The Trustees are able to appoint a trustee to fill any gaps in its list of skills and knowledge or as an additional trustee under the terms of our Memorandum and Articles of Association.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

All trustees give their time freely and no trustee received remuneration in the year. Details of trustees' expenses are disclosed in the accounts.

Staff pay is reviewed annually and normally increased according to NJC pay scales.

Staff Arts Manager Siân Walters Administrative Assistant / Project Officer Rhian Davies Project Officer Kerala Irwin Administrative Assistant Ruth Hardwick Administrative Assistant (Maternity Leave) Ruth Laing Finance Officer Marinke Fontein

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Page 7

Signed on behalf of the board

M. Duckers Trustee 13 November 2023

Page 8

ARTS CONNECTION - CYSWLLT CELF INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 MARCH 2023

I report to the charity trustees on my examination of the financial statements of Arts Connection-Cyswllt Celf for the year ended 31 March 2023.

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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns 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 financial statements to be reached.

Kim Cleminson-Jones FMAAT KC Accountancy Services Youth & Community Centre High Street Llanfyllin SY22 5DB 13 November 2023

Page 9

ARTS CONNECTION - CYSWLLT CELF STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Notes
Income and endowments
from:
Charitable activities
4
Investments
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income/(expenditure)
8
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
77,795
594		 Restricted
funds
2023
£
66,645
-		 Total funds
2023
£
144,440
594		 Total funds
2022
£
123,174
472
78,389
84,734
274		 66,645
52,212
-		 145,034
136,946
274		 123,646
128,644
-
85,008
-		 52,212
-		 137,220
-		 128,644
-
(6,619)
-		 14,433
-		 7,814
-		 (4,998)
-
(6,619) 14,433 7,814 (4,998)
(6,619)
48,172		 14,433
17,787		 7,814
65,959		 (4,998)
70,957
41,553 32,220 73,773 65,959

Page 10

ARTS CONNECTION - CYSWLLT CELF

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2023

Company No.
02911716
Notes
2023
£
Fixed assets
Tangible assets
11
526
526
Current assets
Debtors
12
1,098
Cash at bank and in hand
83,189
84,287
Creditors:Amount falling due within one year
13
(11,040)
Net current assets
73,247
Total assets less current liabilities
73,773
Net assets excluding pension asset or liability
73,773
Total net assets
73,773
The funds of the charity
Restricted funds
15
Restricted income funds
32,220
32,220
Unrestricted funds
15
General funds
6,086
Designated funds
35,467
41,553
Reserves
15
Total funds
73,773		 2022
£
100
100
1,408
74,767
76,175
(10,316)
65,859
65,959
65,959
65,959
17,787
17,787
9,498
38,674
48,172
65,959

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 13 November 2023

And signed on its behalf by:

M. Duckers

Trustee

13 November 2023

Page 11

ARTS CONNECTION - CYSWLLT CELF NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets

Page 12

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery 25% Straight line

Any assets with an original value of £500 or over are counted as fixed assets for accounting purposes. Tangible fixed assets are stated at cost less depreciation. From 1 April 2020, depreciation is provided at rates calculated to write off the cost of each asset over 4 years using the straight line depreciation method.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 13

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 14

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from charitable activities
Membership Fees
Arts Council of Wales
Revenue Grant
Project Grants and
Participator Fees
Other Income		 Unrestricted
£
570
68,984
8,222
19
77,795		 Unrestricted
funds
2022
£
77,101
472
77,573
71,087
71,087
6,486
6,486
6,486
41,686
48,172
Restricted
£
-
-
66,645
-
66,645		 Restricted
funds
2022
£
46,073
-
46,073
57,557
57,557
(11,484)
(11,484)
(11,484)
29,271
17,787
Total
2023
£
570
68,984
74,867
19
144,440		 Total funds
2022
£
123,174
472
123,646
128,644
128,644
(4,998)
(4,998)
(4,998)
70,957
65,959
Total
2022
£
909
65,921
56,242
102
123,174

Page 15

5 Income from investments

Interest receivable
6
Expenditure on charitable activities
Expenditure on charitable
activities
Staff Costs
Project Costs
Charitable Support Costs
Governance costs
7
Other expenditure
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
8
Net income/(expenditure) before
transfers
This is stated after charging:
Depreciation of owned fixed assets
9
Trustee remuneration and expenses
Number of trustees paid expenses
The nature of the reimbursed expenses		 Unrestricted
Total
Total
2023
2022
£
£
£
594
594
472
594
594
472
Unrestricted
Restricted
Total
Total
2023
2022
£
£
£
£
56,727
-
56,727
54,500
17,571
52,212
69,783
59,326
10,436
-
10,436
14,818
84,734
52,212
136,946
128,644
Unrestricted
Total
Total
2023
2022
£
£
£
274
274
-
274
274
-
2023
2022
£
£
274
-
2023
2022
Number
Number
3
4
Payment made to trustees is made up of reimbursement
and remuneration of project expenses paid personally and
artist & enabler fees paid for work carried out on projects		 Total
2022
£
472
472
Total
2022
£
54,500
59,326
14,818
128,644
Total
2022
£
-
-

Page 16

10 Staff costs

No employee received emoluments in excess of £60,000.

Staff costs
No employee received emoluments in excess of £60,000.
Total employee benefits received by key management
personnel		 55,450 54,500
The average monthly number of full time equivalent employees during the year was as follows:
2023 2022
Number Number
Arts Manager 1 1
Project Officer 1 1
Finance Officer 1 1
Administrative Assistant 1 1
4 4
NEST Auto-Enrolment Scheme

11 Tangible fixed assets

Cost or revaluation
At 1 April 2022
Additions
At 31 March 2023
Depreciation and
impairment
At 1 April 2022
Depreciation charge for the
year
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
12 Debtors
Trade debtors
Prepayments and accrued income		 2023
£
150
948
1,098		 Plant and
machinery
£
39,103
700
39,803
39,003
274
39,277
526
100		 Total
£
39,103
700
39,803
39,003
274
39,277
526
100
2022
£
546
862
1,408

Page 17

13 Creditors:

amounts falling due within one year

13 Creditors:
amounts falling due within one year
2023
£
Trade creditors
1,346
Accruals
1,784
Deferred income
7,910
11,040
14 Deferred Income
Movement of the deferred income shown in Creditors: amounts falling due within one year
2023
£
At 1 April
1,000
Released in current year
(1,000)
Deferred in current year
7,909
At 31 March
7,909		 2022
£
3,716
5,600
1,000
10,316
2022
£
11,300
(11,300)
1,000
1,000

Page 18

15 Movement in funds

15 Movement in funds
At 1 April
2022
-
-
1,804
1,098
915
529
378
1,511
639
485
4,478
3,110
1,816
1,024
-
-
-
-
-
-
-
-
-
-
-
17,787
9,498
25,000
13,674
38,674		 Incoming
resources
(including
other
gains/losses)
£
8,767
12,136
-
-
-
-
2,290
-
-
-
-
-
-
-
1,000
2,200
750
250
237
4,975
16,380
2,160
10,000
500
5,000
66,645
78,389
-
-
-		 Resources
expended
£		 Gross
transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,207
-
(3,207)
(3,207)		 At 31
March
2023
£
-
-
1,804
1,098
915
529
-
-
-
-
-
3,110
-
1,024
-
-
-
-
-
4,850
5,406
-
9,329
-
4,155
Restricted funds:
Restricted income funds:
Llanfyllin Youth Arts Cafe
Future Designs
Llanfyllin Sings
PYMP
WCBC
No Strings Attached
Adventures in Nature
Wrecsam Wellbeing
Beyond the Hills & Felt Away
Cerflunio Ceiriog
All Together Now
Startime
Winter of Wellbeing
Woodwork Training
Wrecsam 2025
Oswestry CultureFest
St Myllins Day
Open Studios
Llanfyllin Ffilm
Child Poverty
Strategy
Create & Believe
Summer of Fun
Your Best Friend
Mini Creators
Money Talks
Total
Unrestricted funds:
General funds
Designated funds:
Close Down Fund
Projects Fund
Total
(8,767)
(12,136)
-
-
-
-
(2,668)
(1,511)
(639)
(485)
(4,478)
-
(1,816)
-
(1,000)
(2,200)
(750)
(250)
(237)
(125)
(10,974)
(2,160)
(671)
(500)
(845)
(52,212)
(85,008)
-
-
-
32,220
6,086
25,000
10,467
35,467

Page 19

(137,220)

65,959

145,034

73,773

Total funds

Purposes and restrictions in relation to the funds: Purposes and restrictions in relation to the funds:
Restricted funds:
Llanfyllin Youth Arts Cafe Weekly art project for young people in Llanfyllin
Future Designs Community consultation project across 11 localities in the Cain and Tanat
Valleys
Llanfyllin Sings Funds for singing workshops
PYMP Powys Youth Music Project
WCBC Funds for workshops in Wrexham
No Strings Attached Music project
Adventures in Nature Project exploring biodiversity using the arts in the Welshpool area
Wrecsam Wellbeing Weekly arts workshops to support health & wellbeing outcomes for
homeless people in Wrexham
Beyond the Hills & Weekly felt workshops to support people who were isolated, lonely or with
Felt Away poor mental health
Cerflunio Ceiriog Exploring the history of the Ceiriog valley to create public art works
All Together Now Community cohesion project within a residential area in Llanfyllin
Family arts workshops to support personal, social, and emotional
Startime development for 0-5 years olds
Winter of Wellbeing Arts & Crafts workshops for children and families over the winter
Woodwork Training Supporting young carers to develop their skills in wood working
Celebration project for city of culture application working with refugees
Wrecsam 2025 and people with mental health issues
Oswestry CultureFest Celebrating diversity and equality with workshops and stalls
St Myllins Day Activities and stalls for the Llanfyllin community
Open Studios Artist open studios weekend in Llanfyllin
Llanfyllin Ffilm Community cinema supported by volunteers
Consultation using the arts with different groups across Powys to inform
Child Poverty Strategy Welsh Government’s new strategy
Project to support young carers mental health across Powys, Wrexham,
Create & Believe Conwy & Denbigh
Summer of Fun Arts and crafts workshops for children and families over the summer
Your Best Friend Project in secondary schools exploring health relationships
Mini Creators Weekly drop in-sessions of toddlers and their carers
Money Talks Project for young people exploring creative skills and financial literacy
Designated funds:
Close Down Fund the Trustees' estimate of funds required to close down the company
should such a need arise
Projects Fund Represents funds already allocated to projects

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16 Analysis of net assets between funds

16 Analysis of net assets between funds
Fixed assets
Net current assets
17 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April
2022
£		 Unrestricted
funds
£
526
73,247
73,773
Cash flows
£		 Total
£
526
73,247
73,773
At 31
March
2023
£
74,767 8,422 83,189
74,767
74,767		 8,422
8,422		 83,189
83,189

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18 Related party disclosures
2023 2022
Transactions with related parties £ £
Name of related party Kerala Irwin
Description of relationship
between the parties		 Partner to Trustee - Mark Harding
Description of transaction
and general amounts LYAC Enabler Fee
involved
Amount due from/(to) the related party (996) -
Name of related party Sally Duckers
Description of relationship
between the parties		 Wife to Trustee - Martin Duckers
Description of transaction
and general amounts Dyfodol Artist Fee
involved
Amount due from/(to) the related party (665) -
Name of related party Fionnula Irwin
Description of relationship
between the parties		 Sister to Trustee - Kerala Irwin
Description of transaction
and general amounts Artist Fee, Training and Travel
involved
Amount due from/(to) the related party (763) (512)
Name of related party Credu
Description of relationship
between the parties		 Trustee Martin Duckers works for Credu
Description of transaction
and general amounts Funding for woodwork training
involved
Amount due from/(to) the related party - 1,024
Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

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