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← Arts Connection - Cyswllt Celf

2025-03-31-accounts

Charity No. 1135641 Company No. 02911716

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

FOR THE YEAR ENDED 31 MARCH 2025

ARTS CONNECTION - CYSWLLT CELF LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

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 M. Glen M. Gulliver appointed on 20 November 2024 M. Harding J. Hextall G. Tansley resigned on 30 October 2024

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

FOR THE YEAR ENDED 31 MARCH 2025

ARTS CONNECTION - CYSWLLT CELF CONTENTS

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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 21

Page 2

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

FOR THE YEAR ENDED 31 MARCH 2025

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Chair's Report

As we reflect on another year at Arts Connection – Cyswllt Celf, it’s heartening to see our mission continue to flourish in Mid Wales. This year has been particularly special as we celebrated our 30th Anniversary, marking three decades of enriching our community through the arts. Highlights of the Year: LYAC Thriving - It’s wonderful to see the Llanfyllin Youth Arts Cafe (LYAC) still going strong. Their creativity and enthusiasm are truly inspiring and a testament to the vibrant future of the arts in our region. Winning the Arts and Business Cymru Award - We are incredibly proud to have received an Arts & Business (A&B) Award this year. This recognition underscores the impact of our work and the strong partnerships we’ve built within the community. Workhouse Party - Our new home at The Workhouse has become a central hub for our activities. The Workhouse Party was a fantastic celebration, bringing together artists, supporters, and the community in a joyful and creative atmosphere. Eisteddfod Arts - Collaborating with local communities for the Eisteddfod Urdd in Meifod was a highlight. The vibrant artworks created brought a splash of colour and a sense of pride to our towns, showcasing the power of community arts. I want to extend my heartfelt thanks to Siân and the entire team for their unwavering dedication and creativity. Despite the challenges, including team changes and the joys and disruptions of maternity leaves, everyone has pulled together magnificently. Our Board Members deserve a special mention for their invaluable insights and support. The shift to digital meetings has broadened our reach and inclusivity, and we look forward to welcoming more brilliant minds to our Board. The arts continue to be a powerful force for bringing people together, fostering connections, and transforming lives. Here’s to another year of creativity and community.

Ymlaen & onwards, Angela Contestabile 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.

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:

Page 3

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 - creative programme aimed all ages and abilities with a focus on families and communities. 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 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.

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 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.

At year end, unrestricted funds, excluding fixed assets and designated reserves totalled £12,694 . Of this figure, £11,619 has been designated for projects and the Trustees consider the free reserves of £1,076 to be in accordance with our reserves policy and are therefore at an acceptable level. However, they acknowledge the need to rebuild free reserves in the next financial year to ensure adequate provision for future contingency planning.

During the year, free reserves were utilised to meet higher salary and operating costs, support maternity cover and contribute to activities related to the organisation's 30th anniversary.

Page 5

RISK

The Trustees ensure that the appropriate controls are in place to provide reasonable assurance against fraud and error. We 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.

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:

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

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)

Page 7

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 26 November 2025

Page 8

ARTS CONNECTION - CYSWLLT CELF INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDED 31 MARCH 2025

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I report to the charity trustees on my examination of the financial statements of Arts Connection-Cyswllt Celf for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the 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 Powys SY22 5DB 26 November 2025

Page 9

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

FOR THE YEAR ENDED 31 MARCH 2025

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Notes
Income and endowments
from:
Charitable activities
4
Investments
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net (expenditure)/income
8
Transfers between funds
Net (expenditure)/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
2025
£
86,664
1,448		 Restricted
funds
2025
£
64,981
-		 Total funds
2025
£
151,645
1,448		 Total funds
2024
£
138,970
1,229
88,112
98,351
99		 64,981
67,831
-		 153,093
166,182
99		 140,199
138,574
131
98,450
-		 67,831
-		 166,281
-		 138,705
-
(10,338)
-		 (2,850)
-		 (13,188)
-		 1,494
-
(10,338) (2,850) (13,188) 1,494
(10,338)
48,033		 (2,850)
27,234		 (13,188)
75,267		 1,494
73,773
37,695 24,384 62,079 75,267

Page 10

ARTS CONNECTION - CYSWLLT CELF BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2025

Company No.
02911716		 Notes 2025 2024
£ £
Fixed assets
Tangible assets 11 296 395
296 395
Current assets
Debtors 12 3,136 7,299
Cash at bank and in hand 70,888 75,727
74,024 83,026
Creditors:Amount falling due within one year 13 (12,241) (8,154)
Net current assets 61,783 74,872
Total assets less current liabilities 62,079 75,267
Net assets excluding pension asset or liability 62,079 75,267
Total net assets 62,079 75,267
The funds of the charity
Restricted funds 15
Restricted income funds 24,384 27,234
24,384 27,234
Unrestricted funds 15
General funds 1,076 9,695
Designated funds 36,619 38,338
37,695 48,033
Reserves 15
Total funds 62,079 75,267

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 2025 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 26 November 2025

And signed on its behalf by:

A. Contestabile

Trustee

26 November 2025

Page 11

ARTS CONNECTION - CYSWLLT CELF NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

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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

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
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
2024
£
100,382
1,229
101,611
95,000
131
95,131
6,480
6,480
6,480
41,553
48,033		 Restricted
funds
2024
£
38,588
-
38,588
43,574
-
43,574
(4,986)
(4,986)
(4,986)
32,220
27,234		 Total funds
2024
£
138,970
1,229
140,199
138,574
131
138,705
1,494
1,494
1,494
73,773
75,267

4 Income from charitable activities

Membership Fees
Arts Council of Wales
Revenue Grant
Project Grants and
Participator Fees
Other Income		 Unrestricted
£
671
64,520
21,463
10
86,664		 Restricted
£
-
-
64,981
-
64,981		 Total
2025
£
671
64,520
86,444
10
151,645		 Total
2024
£
852
73,810
64,273
35
138,970

Page 15

5 Income from investments
Unrestricted Total Total
2025 2024
£ £ £
Interest receivable 1,448 1,448 1,229
1,448 1,448 1,229
6 Expenditure on charitable activities
Unrestricted Restricted Total Total
2025 2024
£ £ £ £
Expenditure on charitable
activities
Project Costs 17,971 67,831 85,802 58,215
Staff Costs 68,697 - 68,697 65,049
Charitable Support Costs 11,683 - 11,683 15,310
Governance costs
98,351 67,831 166,182 138,574
7 Other expenditure
Unrestricted Total Total
2025 2024
£ £ £
Amortisation, depreciation,
impairment, profit/loss on 99 99 131
disposal of fixed assets
99 99 131
8 Net (expenditure)/income before transfers
2025 2024
This is stated after charging: £ £
Depreciation of owned fixed assets 99 131
Independent Examiner's fee 1,500 1,500
9 Trustee remuneration and expenses
One or more of the trustees has been paid expenses in the current or prior periods.
2025 2024
Number Number
Number of trustees paid expenses 2 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
£ £
Total expenses reimbursed to trustees 4,238 -

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		 65,867 61,608
The average monthly number of full time equivalent employees during the year was as follows:
2025 2024
Number Number
Arts Manager 1 1
Project Officer 1 1
Finance & Administrative
Assistant		 1 1
Administrative Assistant - 1
3 4
NEST Auto-Enrolment Scheme

11 Tangible fixed assets

Cost or revaluation
At 1 April 2024
At 31 March 2025
Depreciation and
impairment
At 1 April 2024
Depreciation charge for the
year
At 31 March 2025
Net book values
At 31 March 2025
At 31 March 2024
Net book values of assets
held under finance leases
and hire purchase contracts
and included above
At 31 March 2025
At 31 March 2024
12 Debtors
Trade debtors
Prepayments and accrued income		 2025
£
1,177
1,959
3,136		 Plant and
machinery
£
39,803
39,803
39,408
99
39,507
296
395
296
394		 Total
£
39,803
39,803
39,408
99
39,507
296
395
296
394
2024
£
6,336
963
7,299

Page 17

13 Creditors:

amounts falling due within one year

13 Creditors:
amounts falling due within one year
2025
£
Trade creditors
103
Accruals
4,278
Deferred income
7,860
12,241
14 Deferred Income
Movement of the deferred income shown in Creditors: amounts falling due within one year
2025
£
At 1 April
2,000
Released in current year
(2,000)
Deferred in current year
7,860
At 31 March
7,860		 2024
£
705
5,449
2,000
8,154
2024
£
7,909
(7,909)
2,000
2,000

Page 18

15 Movement in funds

15 Movement in funds
At 1 April
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
-
-
-
-
-
-
-
-
-
-
-
27,234
9,695		 Incoming
resources
(including
other
gains/losses)
£
-
-
-
-
-
-
-
-
-
-
-
14,735
17,350
-
997
-
-
772
3,300
700
256
5,000
4,788
1,077
12,056
2,000
1,200
750
64,981
88,112		 Resources
expended
£		 Gross
transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,719		 At 31
March
2025
£
1,052
1,098
-
529
2,070
1,024
-
4,151
1,734
1,108
1,500
1,675
-
-
405
-
2,636
-
1,800
-
-
3,175
-
-
-
427
-
-
Restricted funds:
Restricted income funds:
Llanfyllin Sings
PYMP
WCBC
No Strings Attached
Startime
Woodwork Training
Child Poverty Strategy
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
Mentoring
Creative Climate Chats
Credu
Ffilmic
Ffilm Llanfyllin
Wild @ Heart
Calculating Arts - PAVO
Arts for Holidays
Llanfyllin Youth Arts Cafe
Welshpool Mural
Playworks - Messy Play
Curlew Connections
Total
Unrestricted funds:
General funds
Designated funds:
(283)
-
(915)
-
(1,040)
-
(1,917)
-
-
(967)
-
(13,851)
(17,354)
(2,035)
(1,183)
(1,425)
(364)
(772)
(1,500)
(700)
(256)
(1,825)
(4,788)
(1,077)
(12,056)
(1,573)
(1,200)
(750)
(67,831)
(98,450)
24,384
1,076

Page 19

Close Down Fund
Projects Fund
Total
Total funds		 25,000
13,338
38,338
75,267		 -
-
-
153,093		 -
-
-
(166,281)		 -
(1,719)
(1,719)
-		 25,000
11,619
36,619
62,079
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 Music project
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
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
Making a Difference Community project in Llanwddyn
Eisteddfod Arts - Menter
Maldwyn Projects with communities for the Eisteddfod Urdd
Newtown Fun - Powys
County Council Workshops for families
Welsh Nursery Rhymes - Ty
Cerdd Singing project for primary schools
Mentoring For participatory artists at the beginning of their career
Creative Climate
Chats Creative chats for Welsh Government
Credu Project with young carers
Ffilmic Community photo and art competition
Ffilm Llanfyllin Community Cinema
Wild @ Heart People with dementia and their carers
Calculating Arts - PAVO Art and numeracy workshops for all ages
Arts for Holidays A series of workshops throughout the year for families
Llanfyllin Youth Arts Cafe A weekly club for young people
Welshpool Mural Workshops to design and paint a mural
Playworks - Messy Play Creative and play activities for babies and toddlers
Curlew Connections Event highlighting the efforts to conserve the future of this bird

Designated funds:

Page 20

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

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
2024
£		 Unrestricted
funds
£
296
61,783
62,079
Cash flows
£		 Total
£
296
61,783
62,079
At 31
March
2025
£
75,727 (4,839) 70,888
75,727
75,727		 (4,839)
(4,839)		 70,888
70,888
18 Related party disclosures
Transactions with related parties
Name of related party
Fionnula Irwin
Description of relationship
between the parties
Sister to Staff Member - Kerala Irwin
Description of transaction
and general amounts
involved
Artist Fee - Young Carer Fest
Amount due from/(to) the related party
Name of related party
Kerala Irwin
Description of relationship
between the parties
Partner to Trustee Mark Harding
Description of transaction
and general amounts
involved
LYAC Enabler Fee
Amount due from/(to) the related party
Controlling party		 2025
£
(299)
-		 2024
£
(653)
(276)

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

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