**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:** - Participation - To widen opportunities for people to engage and participate in the arts - Diversity - To promote inclusivity and diversity in the arts - Sustainability - To build a more sustainable, viable and resilient organisation 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: - 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 - St Myllin’s Day – activities and stalls for the Llanfyllin community - Oswestry CultureFest – celebrating diversity and equality with workshops and stalls - Llanfyllin Ffilm – community cinema supported by volunteers - Ffilmic – annual photo competition which many local people entered - Family Arts – outdoor nature crafts and Halloween - Future Designs – Community consultation project across 11 localities in the Cain and Tanat Valleys - Child Poverty Strategy – Consultation using the arts with different groups across Powys to inform Welsh Government’s new strategy - Open Studios – Artist open studios weekend in Llanfyllin - Open Mic – we delivered a series of virtual and in person events - Learning by Art is our creative programme aimed at children and young people. We delivered a range of projects including: - Create & Believe – Project to support young carers mental health across Powys, Wrexham, Conwy & Denbigh - Your Best Friend – Project in secondary schools exploring health relationships - Mini Creators – Weekly drop in-sessions of toddlers and their carers - MoneyTalks – Project for young people exploring creative skills and financial literacy - Black History Month – we ran a series of workshops at Ysgol Llanfyllin - Summer of Fun - arts and crafts workshops for children and families over the summer - Winter of Wellbeing – arts and crafts workshops for children and families over the winter Page 4 Art of Wellbeing is our creative programme focused on particular health agendas. We delivered a range of projects including: - Masquerade – our annual arts and drama project for adults with learning disabilities - Arts Extravaganza – summer arts projects for adults with disabilities from a cross North Powys - Wrecsam Wellbeing – weekly arts workshops to support health & wellbeing outcomes for homeless people in Wrexham - Llanfyllin Youth Arts Café – weekly art workshop for young people Wild @ Art is our creative programme focused on different environmental agendas. We delivered a range of projects including: - Dolydd Gobaith – we delivered a series of workshops creating natural dyes and paint brushes to create art works - Swift Mappers – we created a willow swift with families Skills & Thrills is our creative programme aimed at developing participatory arts practice. We delivered a range of projects including: - Creative Essentials – we ran a training day for young people to learn facilitation and workshop skills - Artist Training Fund – we supported artists to attend training to support their CPD ## **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: - Donation bucket at projects and events ## Online: - LocalGiving – social media and email - -Smile.Amazon – a small donation is made through Amazon if people choose to support us - Easy Fundraising – a small donation made through the online shop if people to choose to support us - Paypal Giving Fund – people can choose to donate when they pay through Paypal ## 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: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance 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 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_ - 1 **Accounting policies** ## **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** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **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** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **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| Page 20 ## 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| Page 21 |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. Page 22