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← Arts Connection - Cyswllt Celf

2024-03-31-accounts

Charity No. 1135641 Company No. 02911716

ARTS CONNECTION - CYSWLLT CELF TRUSTEE'S REPORT AND UNAUDITED STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Page 1

ARTS CONNECTION - CYSWLLT CELF LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024

Directors and Trustees

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

A. Contestabile M. Duckers T. Edwards (appointed 15 November 2023) M. Glen M. Harding J. Hextall G. Tansley

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 2

FOR THE YEAR ENDED 31 MARCH 2024

ARTS CONNECTION - CYSWLLT CELF CONTENTS

Pages
Trustees' Annual Report 4 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Accounts 13 to 23

Page 3

ARTS CONNECTION - CYSWLLT CELF TRUSTEE'S REPORT (INCLUDING DIRECTORS REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

CHAIR'S REPORT

2024 sees Arts Connection – Cyswllt Celf reaching the milestone of 30 years in the service and provision of Community Arts in Mid Wales. It also sees us reach the incredible total figure of £3 Million raised and spent on creating spaces for people to come together and participate in the arts via workshops, performances, exhibitions and events. All of this has been achieved with an evolving micro-team of Arts Officers and administrators, an incredible pool of Artists and Enablers and set within a governance framework of volunteers directors and trustees. Without each and every element of this mix we would fall short and as Chair I would like to offer praise and recognition to the thousands of people, we have worked with in our three decades.

Arts Connection – Cyswllt Celf believes in the power of Community Arts to transform lives and it is this belief which drives our mission. In 2023/24 this mission has manifest a wider array of projects and programmes in partnership with long term collaborators such as Credu and the Montgomeryshire Wildlife Trust (Create & Believe) and new collaborations such as Vibrant Vyrnwy (Sculpting Vyrnwy). We are proud that one of our Summer ’23 Projects (Wind2) has been nominated for a prestigious Arts & Business Award and are delighted/relieved that AC-CC came through the ACW Investment Review with flying colours (from a process that saw many of other Arts Organisations lose either full or partial funding).

The year saw some wonderful international collaborations via the ACW funded ‘Creative Connections’ Project wherein we brought together communities in Africa and Wales via the Dolen Ffermio network and it also saw us bravely tackle the challenges of Death (Good Grief) and Toxic Relations (Your Best Friend).

To celebrate our 30th Anniversary we are preparing a programme of digital remembrance in addition to a Midsummer Celebration at the Workhouse and we look forwards to moving forwards with renewed optimism and the strength drawn from continued funding, a stable Board and a wonderful team of Artists, enablers and administrators – all under the leadership and guidance of our Arts Manager Siân Walters.

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 4

OBJECTIVES AND ACTIVITIES

To promote, maintain, improve, and advance education and participation in the arts including, without limitation, the visual, performing and digital arts and the provision of recreational and leisure time activities with the view to improving the quality of life in local communities 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 communities. We delivered a range of projects including:

Page 5

Learning by Art is our creative programme aimed at children and young people. We delivered a range of projects including:

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 continue to be 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 continue to receive funding from a broad range of trusts, foundations, partner organisations and other funding bodies and continue to have the confidence of key funders, particularly the Arts Council of Wales. Income is also generated from membership fees, participant fees, through the sale of services and equipment hire. It continues to be a tricky time for Arts funding, and we are not complacent.

Page 6

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 £22,638 at the year end. Of this figure, £13,338 has been designated for projects and the Trustees consider the free reserves of £9,300 to be in accordance with our reserves policy and are therefore at an acceptable level.

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 2023 – 2024 we found that Coivd-19 had a vastly reduced impact on our work and the ability to deliver projects beyond the need to continue to be aware of the risk.

PLANS FOR FUTURE PERIODS

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.

Page 7

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.

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 Mr M Harding Mr J Hextall Ms M Glen Mr G Tansley Ms A Contestabile Mr T Edwards

Page 8

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 Project Officer Kerala Irwin Finance Officer Marinke Fontein Finance & Administrative Assistant (Maternity Cover) Bryony Wesson Finance & Administrative Assistant Madeline Scaramuzza Finance & Administrative Assistant Kathryn Hughes Project Officer (Maternity Cover) Poppy King

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 trustees’ report was approved by the Board of Trustees.

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).

Signed on behalf of the board

A. Contestabile Trustee 20 November 2024

Page 9

ARTS CONNECTION - CYSWLLT CELF INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDED 31 MARCH 2024

I report to the charity trustees on my examination of the financial statements of Arts Connection-Cyswllt Celf for the year ended 31 March 2024.

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 20 November 2024

Page 10

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

FOR THE YEAR ENDED 31 MARCH 2024

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
8
Transfers between funds
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		 Unrestricted
funds
2024
£
100,382
1,229		 Restricted
funds
2024
£
38,588
-		 Total funds
2024
£
138,970
1,229		 Total funds
2023
£
144,440
594
101,611
95,000
131		 38,588
43,574
-		 140,199
138,574
131		 145,034
136,946
274
95,131
-		 43,574
-		 138,705
-		 137,220
-
6,480
-		 (4,986)
-		 1,494
-		 7,814
-
6,480 (4,986) 1,494 7,814
6,480
41,553		 (4,986)
32,220		 1,494
73,773		 7,814
65,959
48,033 27,234 75,267 73,773

Page 11

ARTS CONNECTION - CYSWLLT CELF

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2024

ARTS CONNECTION - CYSWLLT CELF
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2024
Company No.
02911716		 Notes 2024 2023
£ £
Fixed assets
Tangible assets 11 395 526
395 526
Current assets
Debtors 12 7,299 1,098
Cash at bank and in hand 75,727 83,189
83,026 84,287
Creditors:Amount falling due within one year 13 (8,154) (11,040)
Net current assets 74,872 73,247
Total assets less current liabilities 75,267 73,773
Net assets excluding pension asset or liability 75,267 73,773
Total net assets 75,267 73,773
The funds of the charity
Restricted funds 15
Restricted income funds 27,234 32,220
27,234 32,220
Unrestricted funds 15
General funds 9,695 6,086
Designated funds 38,338 35,467
48,033 41,553
Reserves 15
Total funds 75,267 73,773

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 2024 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 20 November 2024

And signed on its behalf by: gp A. Contestabile Trustee 20 November 2024

Page 12

ARTS CONNECTION - CYSWLLT CELF NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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.

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
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 Where income has related expenditure the income and related expenditure is
related reported gross in the SoFA.
expenditure
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 at the end of the year.
fixed assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets

Page 13

Expenditure

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 14

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.

Page 15

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.

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

3
Statement of Financial Activities - prior year
Income and endowments
from:
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Other
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		 Unrestricted
funds
2023
£
77,795
594
78,389
84,734
274
85,008
(6,619)
(6,619)
(6,619)
48,172
41,553		 Restricted
funds
2023
£
66,645
-
66,645
52,212
-
52,212
14,433
14,433
14,433
17,787
32,220		 Total funds
2023
£
144,440
594
145,034
136,946
274
137,220
7,814
7,814
7,814
65,959
73,773

Page 16

4
Income from charitable activities
Membership Fees
Arts Council of Wales
Revenue Grant
Project Grants and
Participator Fees
Other Income
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 before transfers
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee		 Unrestricted
£
852
73,810
25,685
35
100,382
Unrestricted
£
58,215
21,475
15,310
95,000		 Restricted
£
-
-
38,588
-
38,588
Unrestricted
£
1,229
1,229
Restricted
£
-
43,574
-
43,574
Unrestricted
£
131
131
2024
£
131
1,500		 Total
2024
£
852
73,810
64,273
35
138,970
Total
2024
£
1,229
1,229
Total
2024
£
58,215
65,049
15,310
138,574
Total
2024
£
131
131		 Total
2023
£
570
68,984
74,867
19
144,440
Total
2023
£
594
594
Total
2023
£
56,727
69,783
10,436
136,946
Total
2023
£
274
274
2023
£
274
1,320

Page 17

9 Trustee remuneration and expenses

2024
2023
Number
Number
Number of trustees paid expenses 3
3
The nature of the reimbursed expenses 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

10 Staff costs

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

Total employee benefits received by key management personnel

61,608 55,450

The average monthly number of full time equivalent employees during the year was as follows:

Arts Manager
Project Officer
Finance Officer
Administrative Assistant		 2024
Number
1
1
1
1
4		 2023
Number
1
1
1
1
4

NEST Auto-Enrolment Scheme

11 Tangible fixed assets

Cost or revaluation
At 1 April 2023
At 31 March 2024
Depreciation and
impairment
At 1 April 2023
Depreciation charge for the
year
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023		 Plant and
machinery
£
39,803
39,803
39,277
131
39,408
395
526		 Total
£
39,803
39,803
39,277
131
39,408
395
526

Page 18

12 Debtors

12 Debtors
2024
£
Trade debtors
6,336
Prepayments and accrued income
963
7,299
13 Creditors:
amounts falling due within one year
2024
£
Trade creditors
705
Accruals
5,449
Deferred income
2,000
8,154
14 Deferred Income
Movement of the deferred income shown in Creditors: amounts falling due within one year
2024
£
At 1 April
7,909
Released in current year
(7,909)
Deferred in current year
2,000
At 31 March
2,000		 2023
£
150
948
1,098
2023
£
1,345
1,785
7,910
11,040
2023
£
1,000
(1,000)
7,909
7,909

Page 19

15 Movement in funds

15 Movement in funds
At 1 April
2023
1,804
1,098
915
529
3,110
1,024
4,850
5,406
9,329
4,155
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
32,220
6,086
25,000
10,467
35,467		 Incoming
resources
(including
other
gains/losses)
£
-
-
-
-
-
-
-
-
-
-
5,000
1,500
870
1,961
4,510
1,280
1,425
8,031
3,000
1,307
1,100
3,000
1,485
700
769
2,650
38,588
101,611
-
-
-		 Resources
expended
£		 Gross
transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(2,871)
-
2,871
2,871		 At 31
March
2024
£
1,335
1,098
915
529
3,110
1,024
1,917
-
4,151
1,734
2,075
1,500
791
4
2,035
591
1,425
-
3,000
-
-
-
-
-
-
-
Restricted funds:
Restricted income funds:
Llanfyllin Sings
PYMP
WCBC
No Strings Attached
Startime
Woodwork Training
Child Poverty Strategy
Create & Believe
Your Best Friend
Money Talks
Dying Matters
CAHMS
Workhouse Party
Sculpting Vyrnwy - PAVO
Making a Difference
Eisteddfod Arts - Menter
Maldwyn
Newtown Fun - Powys
County Council
Welsh Nursery Rhymes - Ty
Cerdd
Powys Youth Service
Mentoring
Creative Climate Chats
Credu
Wind2
Craft Time
Ffilmic
Ffilm Llanfyllin
Creative Connections
Total
Unrestricted funds:
General funds
Designated funds:
Close Down Fund
Projects Fund
Total
(469)
-
-
-
-
-
(2,933)
(5,406)
(5,178)
(2,421)
(2,925)
-
(79)
(1,957)
(2,475)
(689)
-
(8,031)
-
(1,307)
(1,100)
(3,000)
(1,485)
(700)
(769)
(2,650)
(43,574)
(95,131)
-
-
-
27,234
9,695
25,000
13,338
38,338

Page 20

140,199 (138,705)

73,773

75,267

Total funds

Purposes and restrictions in relation to the funds:

Restricted funds:
Llanfyllin Sings Funds for singing workshops
PYMP Powys Youth Music Project
WCBC Funds for workshops in Wrexham
No Strings Attached Funds for workshops in Wrexham
Startime Family arts workshops to support personal, social and emotional
development for 0-5 year olds
Woodwork Training Supporting young carers develop their skills in wood working
Child Poverty Strategy Consultation using the arts with different groups across Powys to inform
Welsh Government's new strategy
Create & Believe Project to support young carers mental health across Powys, Wrexham,
Conwy & Denbigh
Your Best Friend Project in secondary schools exploring healthy relationships
Money Talks Project for young people exploring creative skills and financial literacy
Dying Matters Project focused on dying and grief
CAHMS Project with young people
Workhouse Party Family and community weekend event
Sculpting Vyrnwy - PAVO Community project in Llanwddyn
Making a Difference
Eisteddfod Arts - Menter Projects with communities for the Eisteddfod Urdd
Maldwyn
Newtown Fun - Powys Workshops for families
County Council
Welsh Nursery Rhymes - Ty Singing project for primary schools
Cerdd
Powys Youth Service Towards weekly sessions for Llanfyllin Youth Arts Cafe
Mentoring For participatory artists at the beginning of their career
Creative Climate Chats Creative chats for Welsh Government
Credu Project with young carers
Wind2 Sustainability project with primary schools
Craft Time Community project integrating refugees
Ffilmic Community photo and art competition
Ffilm Llanfyllin Community cinema
Creative Connections ACW funded project in 2 primary schools
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
2023
£		 Unrestricted
funds
£
395
74,872
75,267
Cash flows
£		 Total
£
395
74,872
75,267
At 31
March
2024
£
83,189 (7,462) 75,727
83,189
83,189		 (7,462)
(7,462)		 75,727
75,727

Page 22

18 Related party disclosures
2024 2023
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 (276) (996)
Name of related party Fionnula Irwin
Description of relationship
between the parties		 Sister to Staff Member - Kerala Irwin
Description of transaction
and general amounts Artist Fee, Materials and Travel
involved
Amount due from/(to) the related party (653) (763)
Name of related party Fionnula Irwin
Description of relationship
between the parties		 Sister to Staff Member - Kerala Irwin
Description of transaction
and general amounts Artist Fee, Training and Travel
involved
Amount due from/(to) the related party - (763)
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 - (512)
Controlling party

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

Page 23