SISTEMA CYMRU - CODI'R TO (A Charitable Incorporated Organisation) Unaudited Report and Financial Statements Year Ended 31st August 2024 Charity Number: 1159046
SISTEMA CYMRU- CODI'R TO Contents Page Legal and administrative infom]ation Report of the trustees Independent examiners, report Statement of fmancial activities Balance sheet Notes forniing part of the financial statements 10-17
SISTEMA CYMRU - CODI'R TO LEGAL AND ADMINISTRATIVE IINFORMATION TRUSTEES Carys Aaron Alun Ffred Jones Sioned Elisabeth Huws Nia Wyn Lloyd Owen Owens Gwawr Ifan Judith Humphreys Rhys Harris Mari Emlyn-Res, 2510112024 Ann Pari Williams- Res. 1111012024 Ann Hopcyn REGISTERED OFFICE Canolfan Noddfa Cil Peblig CAERNARFON Gwynedd LL55 2RS BANKER HSBC Bank PLC 24 Castle Square Caernarfon Gwynedd LL55 2NB ACCOUNTANTS W J Matthews a'i Fab 11-15 Y BontBridd Caernarfon Gwynedd LL55 IAB
SISTEMA CYMRU - CODI'R TO Report of the trustees for the year ended 31 August 2024 The trustees submit their annual report and ihe unaudited financial ststements for the year ended 31 August 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005 in preparing the annual report and financial statements of the charily. The charity became a registered Charithble Incorporated Organisation on 3 Novernb¢r 2014, Charity Number- 1159046. Sistema Cymru - Codi'r To is a community regeneration project that brings the world-renowned El Sistema teaching method to North Wales. We work in two schools, Ysgol Maesincla in Caemarfon, and Ysgol Glancegin in Bangor. Professional music tutors work in the schools leading activities and lessons, giving each child from Nursery up to Year 6 in Ysgol Glancegin and Ysgol Maesincla the opportunity to receive music lessons and learn to play brass and percussion instruments. We also make connections with the families and the neighbourhood surrounding the schools by bringing live music to Ihe community and hold after school music clubs for pupils from Year 3 to secondary school age. The aim of Sistema Cym Codi'r To is to Iransform lives through music. It is a community development project that aims to improve the lives of individuals 2nd families, by working in primary schools to give new experiences through Fnusical tutoring. The project was developed by a Steering Group representing arts, community and educalion interests in Gwynedd who ¢ame logether because they wanted tr) apply the distinctive El Sistema approach in a Welsh cultural context. The inspiration of the El Sistema programme has its origins in Venezuela but also from programmes that use similar methods, such as the Big Noise in Sc4)iland and In Harmony in England. The project is delivered primarily through the medium of the Welsh language and culture, one of only a handful of Si5tema projects delivered through a minority language. Sistema Cymru - Codi'r To has been evaluated by Bangor University to provide evidence of the extent to which the project achieves its aims and objectives, and to &8sess the impact both for the young people and the schools and the community response. Investment Powers Under the wnstitution document of the CIO, the charity has the power to make any investment, which the trustees see fit. Method of appointment of trustees At the Annual General Meeting held on 25 January 2024, Ann Hopcyn, Judith Humphreys. Ann Pari Williams and Rhy5 Harri5 were re-elected as trustees for a period of 2 years. At any future Annual General Meeting additional Trustees may be elected for a period of 3 years. Any Trustee whose appointment period expires is eligible for re-election. Objects of the ChArity for the benefit of the public The main objects of the charity are to promote quality of life and help young people by: Providing arts and leisure-time activities for their social w¢ll-b¢ing, planned to improve their living conditions. Providing support and activities which develop their skills to enable them to participate in society as mature and responsible individuals.
SISTEMA CYMRU - CODI'R TO Report of the trnstees for the year ended 31 August 2024, continued........... The charity also aims to promote social inclusion for the public benefit by preventing people from becoming socially excluded. rnitTgating and meeting the needs of those who are socially excluded and help them to Integrate into society. For the poSe of the above clause 'Socially Excluded, means being excluded from soclety, or from part of society, as a result of being a member of a community which is socially and economi¢ally disadvantaged. Relationship with interested parties The charity is backed by Cyngor Gwynedd. Awards for All National Lottery Wales. Steve Morgan Foundation, The National LA)ttery Comrnunity Fund People and Places, People's Postcode Lottery, Colwinston Charitable Trust, The Darkley Trust, The Douglas Pennant Family Trust, Millennium Stadium Charitble Trust. Atsain (Anthem), Comic Relief, Ysgol Maesinclffj and Ysgol Glancegin. The Board of Trustees are grate[ for the continuing support of all interested parties. Poliey regarding Funds The charftty is very dependent upon the continued support of interested parties. The charity's main objective is to establish at least a break-even position each year by generating sufficient ndS from its ordinary aclivities to cover costs in order to inCr&e the balance on general reserves. Our reserves policy states that the charity's running costs and redundancy costs of staff should be kept with at least 3 months in reserve. Review of Financial Activities Following suc¢essfiJl applications for new projects during 2023 and also 2024, with the National Lottery's Pawb a'i le project continuing, the total income for the year increased from £195,524 in 2023 to £227,523 this year. Following ihis, total expenditure also increased, from £193,228 in 2023 to £230,084, resulting in a net expenditure for the y&gr of £2,561 (2023 net income of £2,296), with the balance of the funds at the end of th¢ year decreasing to £35,107 {2023 - £37.668)- The balance on the unrestricted fund was £23,178 (2023 - £32,237) which is available for the PUTpose of the charity. Sistema Cymru Codi'r To works in two schools, Ysgol Maesincla in Caernarfon, and Ysgol Glancegin in Bangor. Professional music tutors work in the schools leading activities and lessons, giving ea¢h child from Nursery up to Year 6 in Ysgol Glancegin and Ysgol Maesincla the opportunity to receive weekly music lessons and learn to play brass and percussion instruments. We also make connections with the families and the neighbourhood surrounding the schools by bringing live music to the community and hold after school music clubs for pupils from Year 3 to secondary school age. During 2023-2024. the following activities and events took place- Schools The project is conducted in two primary sch(K)Is in Arfon.. Ysgol Maesincl4 Caernarfon, and Ysgol Glancegin, Maesgeirchen, Bangor. Musi¢ Program The main goal of our National Music Program is to provide RJ]ythm and Drumming sessions for all Year 5 pupils in Gwynedd. The program also includes Dalcroze Eurhythmics sessions for Foundation Phase pupils with Lu¢y in Bangor, promoting musical learning through movement and physical engagement. Additionally. the project offers training for Expressive Arts Teachers, equipping teachers with the necessary skills to incorporate music more effectively into th¢ir teaching practices. Postcode Lottery - Carnival Drumming This prOjt deltvers six weeks of carnival drumming workshops in three locations: Tywyn, Botwnnog (now relocaled to Nefyn), and Pentir. The aim of the sessions is to bring the community together and introduce participants to the enjoymenl of creating music b&sed on Brazilian rhythms (led by Colin Dairnond), with the hope that the community will take ownership of the project and continue the work initiated by Codi'r To.
SISTEMA CYMRU - CODI'R TO Report of the trustees for the ywAr ended 31 August 2024, continued........... Atsain: A Decade of Codi'r To This project was designed to provide Welsh-language musical activitie8 specifically for young parents (aged 16-25) with children aged 0-4. The sessions were intended to be community-based. avoiding school settings and instead using venues such as Canolfan Noddfa and Eglwys y Groes. WCVA/CGGC This project aims to recNit, train, and support 12 volunteers and 6 Community Champions to assist our ongoing musical education program in two of Gwynedd's most disadvantaged communities- Maesgeir¢hen and Pebliglcadnant. National Lottery- Music¥1 Communities 2 Until November 2024, our community projecls-including Clwb Codi'r To, community events, home visits to our students, and school holiday clubs-have been successfuL in bringing local people tog¢th¢r, strengthening ties between Codi'r To and our communities. Community Events Events such as Parent Showcmses, Christmas Parties for Clubs, Pancake Tuesday Club, and a Health and Wellbeing project for parent5 with children under three (in wllaboration with Gwynedd Council). Celebrating a Decade of Codi'r To - 10th Anniversary Concerts The Codi'r To 10th Anniversary Celebration Concerts were held at Galeri Caemarfon (May 23. 2024) and Pontio. Bangor {June 6, 2024), celebrating a decade of Codi'r To. TAITH Sweden As part of the travel project. eight children from disadvantaged areas (Pebliglcadnant and Maesgeirchen) travelled to Gothenburg, Sweden to participat¢ in an international music camp called Side by Side. The purpose of the trip was to strengthen international connections with Sistema Cymru - Codi'r To, build new relationships with El Si5tema projects worldwide. offer opportunities to children who wouldn't otherwise have access lo this experience, and ensure that more students from Codi'r To can benefit from similar trips in the future. Shared Prosperity Fund (SPF) The SPF grant allows Sistema Cymru - Codi'r To to allocate funding toward genern] operational costs. This year, Gwynedd Council's contribution covered one month of employment Costs. Thank you to all the staff at Ysgol Maesincla and Ysgol Glancegin for their support and to our funders as none of this would have happened withoul them. Major risks review The major risk at the moment is safeguarding the continued support of interested parties. To date, the charity has secured sufficient funding in order to maintain ils objectives for the foreseeable future, however every effort will be made to SUre continuation of this support for future years as well as approaching other sources of funding. Trustees responsibilities in relation to the fmaneial statements The charity trustees are responsible for preparing a truslees, annual report and financial statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and falr view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In Preparing the financial statements. the trustees are required ts:
SISTEMA CYMRU - CODI'R TO Report of the trustees for the year ended 31 August 2024, continued........... • sclect suitablc accounting policics and then apply them consistently; . observe the methods and principles in the applicable Charities SORP. . make judgements and estimates that are reasonable and prudent. State whethcr applicable accounting standards have been followed. subjrft to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going wncern basis unless it is inappropriat¢ to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of ihe charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations. and the provisions of the Trust dced. lkncy arc also rcswnsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other iegular1ties. The ttustees are responsible for the maintenance and integrity of the charity and financial inforniation included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemÉnation of financial statements may differ from legislation in other jurisdictions. Report Approved: 22Dd May 2025 Alun Ffred Jon4 (Chair)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SISTEMA CYMRU - CODI'R TO I rep)rt on the accounts of the Trust for the year ended 31 Sl August 2024, which are set out on pages 2 to 15. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 201 E (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the ac¢ounts under se¢lion 145 of the 2011 Ac¢ to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145{5Xb} of the 2011 Act. and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the acwunting re¢ords kept by the charity and a comparison of the accounts presented with those records. It also includes ¢onsideration of any unusual ilems or disclosures in the account5, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner s statement In connection with my examination, no matter has wme to our attention: which gives me reasonable cause to believe thaL in any material respect, the requirements: (a) to keep accounting records in accordance with section 130 of the 2011 Act. and (b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met. or to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached. David Chidley WJ Lmatthews & Son Chartered Accountants 11-15 Bridge Streel CaernArfon Gwynedd LL55 IAB tsd 22 May 2025
SISTEMA CYMRU- CODI'R TO Statement of Financial Activitiesfor ihe year ended31 Augusi 2024 Unrestricted Fund5 Restricted Funds 31 August 31 August 2024 2023 Notes Incoming resources Charitable activilies 32,417 32,417 28,934 Voluntary income 87.159 96.985 184.144 147,770 Other income: Fundraislng and donations Employment allowance 5,821 5,141 5,821 5,141 13,135 5,685 Totsl 130,538 96.985 227,523 195,524 Expenditure on: Charitable activities 139.597 90,487 230,084 193,228 Net (expenditure)fineome for the yègr (9,059) 6,498 (2.561) 2.296 Balance at I September 2023 32237 5,431 37,668 35,372 Balance at 31 August 2024 £23,178 £11,929 £35,107 £37.668 All of the above results are derived from continuing a¢tiviti¢s. All gains and losses recognised in the year are included above.
SISTEMA CYMRU - CODI'R TO Balance Sheel 31 Augusi 2024 2024 2023 Notes Current Assets Debtors Cash at bank and in hand 12,500 26.171 2.866 54.400 38.671 57,266 Creditors: amounlsfalling due Wiihin oneyear 10 (3.564) (19,598) Net current assets 35.107 37,668 Net assets £35,107 £37,668 Funds General unrestricted fund General restricted fund 14 14 23,178 11,929 32.237 5.431 £35,107 £37.668 LLLt 22Dd May 2025 Alun Ffred Jon s ('I'rustee 22°, May 2025 Rhys Harris (Truste
SISTEMA CYMRU- CODI'R TO Notes to the financial statementsfor iheyear ended 31 Augusi 2024 Accounting polieies B*si$ of Aeeounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prnctice applicable to charities preparing their acwunts in accordance with the financial Reporting Standard applicable in the UK and Republic of Ireland (bRS102) (effective l January 2015) (Charitie5 SORP (FRS102)), the Financia] Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act2011. Sistema Cymru- Codi'r To meets the definition of a public bcncfit cntity under FRS102. Assets and liabilities are initially recognised at historic cost or transaction value unless Qtherwis¢ stated in the relevant accounting policy note. b) Preparotion of accounts Oll a going concern basis The Trustees are of the opinion that there are no reasons why the charity accounts should not be prepa1 under the going concern provisions. Charitable slAtus If upon the winding up of Sistema Cymru - Codi'r To, there remains after the satisfaction of all debts and liabililies, any property whatsoever, they shall be given to some other charitable institution having similar obje¢ts to the charity. d) Fund #eeounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set asAde by the tst¢eS for particular purposes. Rcstricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purpose. The cost of raising and administering such funds are charged against the specific fund. Incoming resources All incoming resources are included in the SOFA when th¢ Charity i5 legally ¢ntitl¢d to the income and the amount can be quantified with reasonable accuracy. Grants are accounted for in the period io which they relate. Inwming resources subject to donor imposed conditions thal specify ihe time period in which the expenditure of the resource oan take place shall b¢ a¢¢ount¢d for as deferred inwme and released to the SOFA when the time ¢ondition is met. 10
SISTEMA CYMRU - CODI'R TO Notes to the finAnci21 Statementsftsr iheyear ended 31 Atsgusi 2024 Resources expended All expenditure is accounted for on an accruals basis and h&s been classified under headings that aggregate all costs related to the category. Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for beneficiaries. and includes both wsts that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Governance costs are those costs associated with meeting the constitutional and statutory requirements of the charity. Tgngible fixed assets and depreeiation Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Fixed assets are stated at cost or valuation less a¢¢umulated depreciation. Depreciation is calculated to write off the cost, less residual value, on a straight-line basis over their expected useful economic lives as follows= Musical Equipmcnt Equipment 250/0 Turnover Turnover is derived from ordinary activities, derived wholly in the UK and net of Value Added
SISTEMA CYMRU - CODI'R TO Notes to the financial statementsfor iheyear ended 31 Augz4s12024 (Conlinued) Unrestricted Restricted 2024 2023 Charitable *ctivitie5 Ysgol Glancegin Ysgol Maesincla 15,000 17,417 15.000 17.417 14,417 14.517 £32,417 £32,417 £28.934 Unrestricted Restricted 2024 2023 Voluntary income Arts Council of Wales Gwynedd Council Atsain Steve Morgan Foundation NLCF - People & Places Awards for All - Nai Lottery Wales Peoples Postcode Lottery Taith Grant Garfield Weston Thomas Howell Educ. Fund Moondance Foundation Shared Prosperity Grant (SPF) Harold Hyam Wingate Found. WCVA Grant Comic Relief Darkley Trnst Colwinston Charitable Trust Douglas Pennant Family Foundatlon Millenium Stadium Charltable Trust Other 600 600 27,920 7,938 27,920 61,690 8,419 4,791 24,558 8.890 10,119 7,938 62.485 62.485 15,320 iO,O(K> 10,000 16,004 15.320 10,000 10,000 16,004 19,172 3,000 6,790 19,172 3,000 6,790 9.980 3.000 6,000 2,640 7.360 323 4,915 4,915 £87,159 £96,985 £184,144 £147,770 Unrestricted Restricted 2024 2023 Cost of Charitable activitios l.ead tutor Brdss and percussion tutors Travelling costs Sundry instruments Taith Sweden 13,155 25.931 5.622 262 17.611 24.377 31.574 37.532 57.505 5.622 262 17.611 37,366 54.760 5,808 5.033 62,581 55,951 118,532 102,967 Support costs (Note 6) Governance Costs (Note 7) 74,729 2,287 34,536 109,265 2.287 87.928 2,333 £139,597 £90,487 £230,084 £193,228 12
SISTEMA CYMRU - CODI'R TO Notes to the fInaneiAI statementsfor the year e4Yded 31 Augusi 2024 (Conlinued) Unrestrieted Restricted 2024 2023 Support Costs Co-ordinator Project assistant Extemal support Tutor training Office running costs Administrative costs (phone and photocopier) Marketing and website costs Rent Othcr Sundry costs Courses and concerts 10 Y¢ars' celebrations Insurance 17,828 13,009 17,262 3,016 75l 11,000 19,223 1,125 500 104 28,828 32,232 18,387 3,516 855 14,339 22,140 5.313 582 I,337 422 ,790 476 14,373 3,434 1,031 400 950 250 ,737 1,372 2,040 476 15,057 3,434 1,331 1,874 3,669 2,540 220 5,009 684 300 2,052 £74,729 £34,536 £109,265 £87,928 Unrestricted Restricted 2024 2023 Governance Accountancy fees £2,287 £2,287 £2,333 Staff costs and trustees, remuneration 2024 2023 Wages National Insurance Employer pension contributions 142.125 10,681 3,291 123,660 9,690 3.305 £156,097 £136,655 During the year the average number of full-time equivalent employees was 5.5 (2023 - 4.5). The charity considers that the key management personnel include the trustees and co-ordinator. The total cost of eTnployment (including employer pension contributions) of key management personnel for the ycar was £28,828 (2023 - £30,190). No employee earned £60.000 a year or more. No remuneration was paid or expense5 repaid to any of the trustees during the year. No money was repaid to the Trustees for costs. 13
SISTEMA CYMRU - CODI'R TO Not¢5 to th¢ financial statcmcntsfor theyear ended 31 August 2024 (Conlinued) Debtors 2032 2023 Other debtors Prepayments 12,500 2,105 761 £12,500 £2.866 io. Creditors: amountsfalling due wiihin one year 2024 2023 Accruals D¢ferr¢d income 3,564 2,098 17,500 £3,564 £19,598 ii. Corporation Tax Sistema Cymru Corporation Tax. Codi'r To has charitable statu5 and as such is not chargeable under 12. TransActions with Public Authorities and other interested parties 2024 2023 During the year the charity rec¢ived the following income: Arts Council of Wales Gwynedd Council Aisain CG National Lottery Pawb a'i Le Garfield Weston Thomas Howell Educ. Fund Moondance Foundation Shared Prosperity Grant (SPF) WCVA Grant Harold Hyam Wingate Foundation 600 27,920 7,938 62,485 10,000 10,000 16,004 19,172 6,790 3,000 61,690 8,419 24,558 13. Controlling Party The organisation controlled by the Trustees. 14
SISTEMA CYMRU- CODI'R TO Notes to the financial statement5for ihe year ended 31 Augwl 2024 (Conlinued) 14. Statement of Funds 31 August 2024 Forward Ineome Expenditure Unrestricted Funds General Reserve 32.237 130,538 (139.597) 23,178 Restricted Funds CG National Li)ttery Pawb a'i Le Arts Council for Wales Atsain Prosperity Fund (SPF) WCV A Fund 5,431 62,485 600 7,938 19,172 6,790 (59,649} (600) (7.938} (16,300) (6,000) 8,267 2.872 790 5,431 96,985 (90,487) 11,929 Total £37,668 £227,523 (£230,084) £35,107 Current Assets Current Creditors Total Unrestricted Funds: General Fund as at 31. Augusl 2024 26,742 (3,564) 23,178 Restricted Funds: CG National Lottery Pawb a'i Le Shared Prosperity Fund (SPF) WCVA Fund 8,267 2,872 790 8,267 2,872 790 Restricted Funds as at 3 ISI August 2024 £11,929 £11,919 The unrestricted fund is used to promote the chity'S activities. 15
SISTEMA CYMRU- CODI'R TO Notes to the fmancKal 5tatementsfor iheyear ended 31 August 2024 (Conlimied) Statement of Funds- previous year 31 August Income Expenditure 2023 Forward Unrestricted Funds General Reserve 28.438 133.317 (129,518) 32,237 Restricted Fund5 Arts Council for Wales CG NationaI Lottery Pawb a'i Le Darkley Trnst Comic Relief Awards for All- National Lottery for Wales Millenium Stadiutn Charitable I'rust Atsain 5,119 1,815 (5,119) (20,942) (3,000) (9,980) (8,890) (7,360) (8,419) 24,558 3,000 9,980 8,890 7,360 8,419 5,431 6,934 62,207 (63,710) 5,431 Total 35J72 £195,524 (£193,228) £37,668 Restricted Funds: National ttery Community Fund- People and Plaees A two-year grant to continue supporting the Musical Communities, project by nmning music workshops in the two communities surrounding Ysgol Maesincla in Caernarfon and Ysgol Glancegin n Bangor for children, their families, and people of all ages. Comic Relief Fund The Comic Relief Community Fund in Wales (Small Grants) provided an opportunity to strengthen community PaCity by building digital support, fundraising within the community. co-producing and onsulting with stakeholders, and assisting with the tnonitoring and evaluation of our projects. Arts Council of Wales Grant towards staff and tutor training. Awards for All Grant towards additional after-school music clubs and to pay for extra tutors. Darkley Trust Grant towards the salary of our Foundation Stage tutor at Ysgol Maesincla and Ysgol Glancegin. Atsain Grant towards developing 'Young Voices. _ representing the perspectiv¢s of young people involved in Codi'r To activities. Millennium Stadium Charitable Trust Grant towards purchasing more musical instrurnents for pupils at Ysgol Maesincla and Ysgol Glancegin, as well as contributions towards tutor salaries. 16
SISTEMA CYMRU- CODI'R TO Notes to the financial statementsfor iheyear ended 31 August 2024 (Conllnued) 14. Restricted Funds (Continued): Shared Prosperllty Fund (SPF) The SPF grant allows Sistema Cymru. Codi'r To to allocate the funds towards the general costs of running the scheme. WCVA Grant The project has been designed with the goal of recruiting, training, and supporting 12 Volunteer5 and 6 Community Champions to assist our current music edueation program in two of Gwynedd's most disadvantaged communities- Maesgeirchen and Pebliglcadnant. 15. Prior year comparative fJgure5 for the financial statements Statement of Financial Activitiesfor theyear ended31 Augusl 2023 Unrestrieted Funds Restricted Funds 31 August 31 August 2023 2022 Notes Incoming rOUrCeS Charitable activities 28,934 28,934 33,000 Voluntary income 85,563 62,207 147,770 109.453 Other income: Fundraising and donations Employment allowance 13.135 5,685 13,135 5,685 1,721 4,617 Tot41 13J,317 62,207 195,524 148,791 Expenditure on: Charitable activities 129,518 63,7lO 193,228 194.816 Net expenditure for the year 3,799 (1.503) 2,296 (46,025) Balance at I September 2022 28,438 6,934 35,372 81,397 Balance at 31 August 2023 £32,237 £5,431 £37.668 £35,372 All of the above results are derived from wntinuing activities. All gains and losses recognised in the year are included above. 17