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2025-03-31-accounts

Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Impelo

Report & Unaudited Financial Statements 31st March 2025

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Contents

For the year ended 31[st ] March 2025

Reference & Administrative Details page 3 Report of the Trustees pages 4 - 13 Independent Examiner’s Report page 14 Statement of Financial Activities page 15 Balance Sheet page 16 Notes to the Financial Statements page 17 - 26

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Reference and Administrative Details

For the year ended 31[st ] March 2025

Charity Number 1161515
Registered
Offce		 The Dance Centre
Arlais Road
Llandrindod Wells
Powys
LD1 5HE
Trustees The Trustees who served during the year and up to the date of this
report were as follows:
April - Dec 2024
J O Adams
C Jones
D Kerlin (Chair to Dec ‘24)
R Liggitt
R Lloyd
M Townsend
Dec 2024 onwards
V Holloway (Chair from Jan ‘24)
D Petty
L Thomas
Feb 2025 onwards
N L James
A Thompson
R Watt
J Barbieri (shadow board)
Key
Management
Personnel		 Suzy West - Executive Director (up to Dec ‘24)
Jemma Thomas - Artistic Director (up to Dec ‘24)
Bethan Cooper - Convenor (from Jan ‘25)
Independent
Examiner		 Davina Hutchinson ACMA
Garden Cottage
Brynwern Hall
Llanfhangel Brynpabuan
Builth Wells
LD2 3SE

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Report of the Trustees

For the year ended 31[st ] March 2025

The Trustees present their annual report together with the Financial Statements of the charity for the year ended 31st March 2025.

The Reference and Administrative Details above form part of this report. The Financial Statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice – Accounting and Report by Charities (effective from January 2019).

Objectives and Activities

Impelo is a charitable organisation that seeks to share the transformational power of dance as far and wide as possible, connecting people of all ages and ways of life in joyful expression.

Everybody dancing – for themselves, each other and a better life.

In shaping the objectives and planning the activities for the year, the Trustees have considered the Charity Commission's guidance on public benefit, including guidance on fee charging. The charity relies on grants, commissions, donations and income from fees, merchandise and charges to cover its operating costs.

In setting the level of fees, ticket prices, and other charges the trustees give consideration to accessibility to activities for those on low incomes; this has been increasingly important in the context of the cost of living, which has disproportionately impacted rural communities. During the year, Impelo worked with funders, grantmakers and partner organisations to increase the number of free participation opportunities available.

Our key strategic aims prioritise work focusing on positive outcomes for communities in the areas of:

★ Health and wellbeing

These public benefits are achieved through:

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

2024/2025 Objectives and Activities

2024/25 was a significant and transitional year for Impelo. The loss of multi-year revenue funding in the Arts Council Wales 2023 Investment Review had a significant impact on organisational capacity. As one of several arts organisations in Wales affected (including half of those in Powys and the majority of community dance organisations) this decision required Impelo to reimagine the financial model that had previously enabled stable staffing, subsidised a regular programme and provided match investment.

This period of re-visioning started in 2023/24 and continued into 2024/25. During this time, Trustees (all of whom changed early in 2025 during the move to an association model) and staff refocused on core strengths, clarified the organisation’s vision and explored new models for financial sustainability.

Historically, Impelo averaged approximately 12,500 participations annually. In transitioning out of core funding, the organisation recognised the need to do less, better. In April 2024 Impelo paused its Dance Centre programme and sold the building to reduce costs while Trustees considered future venue needs. The weekly programme was suspended as part of the transition away from core-funded delivery. Impelo instead focused on a smaller, targeted programme of activity aligned with its charitable purposes.

A planned “pause period” ran from April to August 2024. With a skeleton team of two directors, Impelo reduced outward-facing delivery in order to stabilise the organisation, reduce costs and focus on remodelling its business plan. During this period, the organisation prioritised research and development activity, including extensive consultation and a residency programme from June - October 2024 supporting ten artists to develop practice in key priority areas, alongside testing and learning with community groups.

This work informed a new vision, operating model and strategic priorities, enabling Impelo to transition to a project-based approach and begin delivering sustainable, community-centred projects from September 2024 onwards, including schools-based projects delivered in Autumn 2024 and Spring 2025.

During 2024/25, Impelo’s strategic aims were to:

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Impelo Projects and Programmes

Impelo recognises that a diversity of ideas, cultures, lived experiences, and perspectives is essential to creating transformative dance experiences and supporting innovation and creativity.

“Community and people are vital to the work of Impelo, united as one culture and one voice. The ethos behind Impelo is very much a bringing together, leadership and convening role, with the vision to develop its membership of dancers to become future leaders of the organisation.”

A key element in reaching communities facing the greatest challenges was the development of new and existing partnerships. These partnerships increased reach and strengthened practice through co-produced work with targeted communities.

Partnerships

During the year, Impelo worked in partnership with:

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Activity Summary

Project delivery

Research, Development and Sector Support

Artist Development and Workforce Support

Future Planning

The process of reimagining Impelo’s business and operational model began in 2023/24 and continued into 2024/25. Despite the loss of core funding, the charity remained committed to addressing inequalities within its community, expanding its environmental initiatives, growing Welsh language provision and supporting professional and leadership development for rurally based dancers.

Impelo took immediate action during the year to ensure future sustainability. This included staff redundancies and negotiations with Mid and North Powys Mind to sell the Dance Centre building and lease back the studio space, with the intention of co-locating the two charities within a Mind and Movement Centre. As part of this transition, the charity has continued to manage community and partner expectations as the overall volume of delivery has reduced.

During the year, Impelo undertook market testing of new ways of working in order to identify viable income-generating and fundraising opportunities. Projects such as the RAD Residency programme laid important groundwork by identifying areas of greatest impact in Powys through collaborative, community-based models of practice. These insights will inform the development and scaling of future projects and programmes from

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

2025/26 onwards.

Balancing this new operational reality with continued commitments to addressing inequalities (health, economic, educational, artistic), alongside environmental priorities, has required time and space to co-design, scope and structure a new organisational model. In December 2024, Impelo secured funding for core costs until the end of 2025 through the Arts Council of Wales’ Jobs Resilience & Protection Fund, providing essential stability during this transition period and into 2025/26.

Between January and March 2025, Impelo tested a new leadership model following the departure of the previous two Directors. The embedding of a more collective, distributed leadership structure will continue to be tested and refined throughout the 2025/26 financial year as the organisation works with its newly appointed Board of Trustees.

Looking ahead to 2025/26 Impelo will:

Appointment of Trustees

The maximum number of charity trustees is 12. Trustees serve for a maximum term of nine years and are elected on renewable terms of between 2 and 4 years to ensure continuity and the right mix of skills as the organisation grows.

During the year 2024/25 Impelo transitioned from a CIO Foundation to a CIO Association. This change enabled members to elect trustees, strengthened democratic participation, and aligned governance with the organisation’s new collaborative, membership-focused direction.

In December 2024, all serving Trustees stepped down, co-opting and three new Trustees were co-opted: David Petty, Lianne Thomas and Vikki Holloway (Chair). A further four Trustees were appointed on a shadow basis during the interim period, prior to the Charity Commission approving the change to Association CIO status in January 2025.

In February 2025, Abbi Thompson, Nia Llewelyn James and Rosemary Watt were elected and appointed as Trustees. Jenni Barbieri continued to serve as shadow board member. Lianne Thomas resigned from the Board in order to support Impelo in a more operational capacity.

The Board audits the skills and contributions of its Trustees biannually. It identifies and recruits new trustees openly through public advertisement and, where appropriate, through direct approaches to address identified skill gaps or vacancies.

Impelo actively seeks, and has been successful in, appointing trustees from diverse backgrounds. From April - December 2024 the Board comprised 7 Trustees. 4 identified

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

as female and 3 as male, 4 were under 40 years of age and 3 between 40 and 60 years old. 1 as queer, 2 as Welsh speakers, 6 as white British and 1 as British Asian, 3 as living with a disability or health condition. From February 2025 the Board comprised 6 Trustees. 1 as Welsh speaker, 2 as Welsh learners, 1 as living with a disability or health condition.

Prior to January 2025 (and the shift in governance) applications from potential Trustees were reviewed by the Board and appointments could be made during the year to fill vacancies, subject to Trustee agreement.

Trustee Induction and Training

New Trustees received briefings on the history of the company, the Governing Document, Board roles and decision-making processes, the business plan and recent financial performance. Trustees also received a formal induction on their legal obligations under charity law.

Organisation

The Board of Trustees determines the long-term objectives of the charity and met quarterly.

April - December 2024

For quarters one, two and three of 2024/2025 the Board operated with one committee with Terms of Reference delegating scrutiny to a Finance committee who are responsible for making recommendations to the Board of Trustees on financial matters. The Board also maintained health, employment and wellbeing Committees, although no matters delegated to these committees during 2024/2025.

The Board delegated artistic, administrative and operational responsibilities to executive officers (artistic and executive directors). All staff were made redundant on 31st March 2024 with the Artistic (Jemma Thomas) and Executive (Suzy West) Directors taking on freelance roles to lead on business transformation and organisational transition.

Impelo worked with a pool of experienced freelance dance practitioners and creatives, contracting individuals on a project basis. During 2024/2025, Impelo engaged 45 freelance practitioners, reflecting the organisation’s shift towards an agency and membership-based model.

January - March 2025

From January 2025, a new staffing model was introduced to support the delivery and coordination of Impelo’s work. This consisted of one Convenor and three Coordinators to responsible for artistic, administrative and operational functions:

Convenor: Bethan Cooper (part-time) Coordinator - Children & Young People: Clara Rust (part-time) Coordinator - Neighbourhood & Intergenerational: India Sutton (part-time) Coordinator - Y Nyth (Artist) Development: Christiane Stroubakis (part-time)

These roles were engaged on a freelance basis during 2024/25, with the intention of transitioning to employed positions during 2025/26.

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Risk Management

Impelo, in common with all charities, faced a range of risks across its activities. During the reporting period, risk assessment was embedded within the organisation, including the incorporation of contingencies within budgets, and the requirement that all activities were risk assessed.

In accordance with good practice guidelines from the Charity Commission, Trustees identified, assessed and monitored risks across the following areas: People, Operations, Compliance, Financial and Reputational.

The Trustees' risk management strategy included an annual internal control review and, in line with Charity Commission guidelines, the establishment of policies, systems and procedures to mitigate identified risks arising from annual review, delegated responsibility for compliance-related risks to compliance, and the use of management accounting systems to identify and manage key financial risks.

The principal risks faced during the year included financial sustainability following the loss of multi-year funding, the loss of key personnel, and the challenge of embedding a new business and governance model. Trustees monitored risk through regular Board meetings, scenario planning, and oversight of the transition strategy supported by external consultants. The move to a freelance staffing model and diversification of income streams reduced fixed cost exposure and increased organisational agility

Finances

Impelo's financial performance for the financial year 24/25 resulted in a surplus of £48,699.00, with total income reaching £260,817.00 and total expenditure falling to £212,118.

Income was primarily derived from grants, donations, and profit from the sale of the Dance Centre Building. Key sources of grant funding included ACW Transition Funding, ACW Create, Shared Prosperity Fund (UK Levelling Up), and the ACW Jobs Protection & Resilience Fund. Earned income from charitable activities was less compared to prior years due to decreased programme delivery during the transition period.

The significant reduction in total expenditure was largely attributable to the pause in delivery from April to September 2024 and the closure of the Dance Centre. Core activity costs covered project delivery, freelance fees, governance, professional fees, and transition costs. Redundancy costs related to staff roles ending on 31 March 2024 were

The surplus achieved during the year resulted from a combination of reduced operating costs, the sale of the Dance Centre building, and successful grant income generation throughout the transition.

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

As part of its risk management strategy, Impelo had reduced its reliance on Arts Council funding from 71% of its total in 2019 to to 38% in 2023 through diversification of commissioned, fundraised and earned income. Arts Council Wales, however, provided valuable financial support in 2024/25 to aid transition out of the portfolio through the ‘Transition’ grant. The ACW Create grant funded socially engaged residencies for 10 artists developing their practice with older adults, under 4s and disabled adults.

Towards the end of the year, Impelo received £55,615.00 from the Arts Council of Wales’ Jobs Protection and Resilience fund. This funding was dedicated to core costs to support the embedding of the new staffing and governance model from January 2025. The fund extends until December 2025, providing essential time for the new team to fully implement the business plan and launch 'Impelo 2.0'.

The fifth year of partnership with Sport Powys enabled Impelo to evaluate and refine programmes together and this strong working relationship will continue into the new financial year to respond to the increased mental health issues in children and young people.

Funding from the UK Levelling Up Shared Prosperity Fund was instrumental in supporting Impelo through the expansion of the RAD residency programme. This included a ‘Testing’ phase, bringing artists into community groups and spaces to apply the insights and learning from the earlier residency. This funding also supported business planning and operational development, increasing our operational resilience and fundraising capacity.

Freelance artists remained central to Impelo’s work. Expenditure on freelance artists increased from £113,099 in 2023/24 to £194,056 in 2024/25, reflecting a broader range of opportunities. The accounts show a total of £0 on core staff costs due to key management personnel working on Freelance contracts during the transition period, as opposed to salaried positions. These costs were included in the ‘Core Activity’ expenditure of £194,056.

In December 2024 the previous Board approved a budget covering the period January–December 2025, based on the transitional model and anticipated programme activity. Following the transition to a new Board in early 2025, the budget was reviewed and reprofiled to reflect revised organisational priorities and staff training needs. This included updates to certain expenditure lines agreed by the new Board in March and formally approved in April 2025.

Impelo's future sustainability is assured by several factors: a growing track record of successful projects, especially in health, learning, and artistic development; the potential for new commissioned work to increase income; and an entrepreneurial approach to monetising key areas.

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Reserves Policy

Following the loss of multi-year funding from Arts Council of Wales, the previous board agreed radical changes to the organisation's operations including the sale of the Dance Centre and the redundancy of all staff. Impelo continued to work in a highly competitive funding environment while rebuilding its impact and sustainability.

Retaining a professionally equipped dance space was identified by dancers and communities in consultation as central to Impelo’s public benefit and the 25-28 plan therefore positioned the studio as a core asset within the organisation’s neighbourhood-based approach, providing both community benefit and unrestricted income.

In November 2024, Impelo adopted a new reserves policy.

The Reserves Policy took into account the following:

Trustees agreed to designate remaining reserves as follows:

General Fund reserves - £40,991 based upon 3 months of 2024/2025 pre loss of multi year funding budget

Specifc Reserves

Impelo also agreed surplus funds to be held in reserve as designated funds to deliver Impelo’s Charitable objectives as we transition to the new model. To do this the following reserves have been established:

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Statement of Responsibilities of the Trustees

The Trustees are responsible for preparing the Trustees’ Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare Financial Statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those Financial Statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the Financial Statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution.

The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity are not required to contribute to the assets of the charity in the event of winding up. The Trustees are members of the charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.

Approved by the Trustees on: (date) Signed on their behalf by: (1 trustee to sign)

Rosie Watt Trustee 26/01/2026

(name, position)

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Independent Examiner’s Report to the Trustees of Impelo

For the year ended 31[st ] March 2025

I report to the Trustees on my examination of the accounts of Impelo (the CIO) for the year ended 31st March 2025.

Respective Responsibilities of Trustees and Examiner

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

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

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 accounts to be reached.

Date:

Davina Hutchinson ACMA Garden Cottage Brynwern Hall Llanfihangel Brynpabuan Builth Wells LD2 3SE

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Statement of Financial Activities

For the year ended 31st March 2025

2025 2024
Restricted Unrestricted Total Total
£ £ £ £
Income from
Donations2 55,615 175 55,790 127,004
Charitable activities3 181,383 9,432 190,815 141,008
Proft from sale of building - 14,112 14,112 -
Investments - 100 100 100
__ __ __ __
Total income 236,998 23,819 260,817 268,112
__ __ __ __
Expenditure on
Raising funds - 1,039 1,039 9,720
Charitable activities 208,034 3,045 211,079 268,912
__ __ __ __
Total expenditure5 208,034 4,084 212,118 278,632
__ __ __ __
Net income/(expenditure) 28,964 19,735 48,699 (10,520)
__ __ __ __
Transfers between funds (3,540) 3,540 - -
__ __ __ __
Net movement in funds6 25,424 23,275 48,699 (10,520)
Reconciliation of funds
Total funds brought 18,165 202,094 220,259 230,779
forward
__ __ __ __
Total funds carried forward 43,589 225,369 268,958 220,259
======== ======== ======== ========

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in the notes to the accounts.

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Statement of Assets and Liabilities

For the year ended 31st March 2025
2025 2024
£ £
Fixed Assets
Tangible assets9 - 113,887
__ __
Current Assets
Debtors10 9,345 12,547
Cash at bank and in hand 260,153 97,180
__ __
269,498 109,727
Liabilities
Creditors: amounts falling due within 1 year11 540 3,355
__ __
Net Current Assets 268,958 106,372
__ __
Net Assets12 268,958 220,259
======== ========
Funds13
Restricted funds 43,589 18,165
Unrestricted funds:
Designated funds 13,224 13,224
General funds 212,145 188,870
__ __
Total Charity Funds 268,958 220,259
======== ========
Approved by the Trustees on and signed on their behalf by:

Rosie Watt Trustee 26/01/2026

Chair of Trustees

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

Notes to the Financial Statements

For the year ended 31[st] March 2025

1 Accounting Policies

a Basis of preparation

The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable in charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Impelo meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity’s ability to continue as a going concern.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether “capital” grants or “revenue” grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from commissions, or fees, is recognised when earned and is deferred when received in advance.

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services and facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

e Interest receivable

f Funds accounting

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

h Allocation of support and governance costs

Raising funds 7.3%

Charitable activities 92.7%

i Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment - 4 years

Buildings - 50 years

Freehold land - not depreciated

Items of equipment are capitalised where the purchase price exceeds £500.

j 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.

k Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

l Creditors

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.

m Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

2 Income from Donations

Income from Donations
2025 Total 2024 Total
£ £
Donations 175 -
Grants 55,615 127,004
__ __
Total income from donations 55,790 127,004
======== ========

All income from donations was unrestricted in the current and prior year.

3 Income from Charitable Activities

Restricted Unrestricted 2025 Total 2024 Total
£ £ £ £
Grants 181,383 1,200 182,583 79,418
Venue hire - - - 5,354
Production income - (187) (187) 842
Participant fees - 179 179 19,100
Commissions - 8,240 8,240 36,294
__ __ __ __
Total income from charitable 181,383 9,432 190,815 141,008
activities
======== ======== ======== ========
Total 2024 79,418 61,590
======== ========

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

4 Government Grants

The charity receives government grants, defined as funding from Powys County Council and Arts Council of Wales to fund charitable activities. The total value of such grants in the period ending 31[st] March 2025 was £238,198. There are no unfulfilled conditions or contingencies attaching to these grants in either year.

5 Total Expenditure

Supporting &
Raising Charitable Governance Total Total
Funds Activities Costs 2025 2024
£ £ £ £ £
Staff costs7 - - - - 114,600
Other staff costs - - - - 12
Core activity - 194,056 - 194,056 129,030
Premises & maintenance 564 9,027 1,693 11,284 24,998
Administration - 1,150 4,601 5,752 5,703
Governance - - 1,027 1,027 997
Merchandise - - - - 230
Depreciation - - - - 3,062
__ __ __ __ __
Sub total 564 204,234 7,321 212,119 278,632
Allocation of support & 475 6,845 (7,321) - -
governance costs
__ __ __ __ __
Total expenditure 1,039 211,079 - 212,119 278,632
======== ======== ======== ======== ========
Total 2024 9,720 268,912

Total governance costs were £ (2024 £907).

6 Net Movement in Funds - this is stated after charging:

2025 2024
£ £
Depreciation - 3,062
Proft on disposal of fxed assets (14,112) -
Operating lease payments - -
Trustees’ remuneration - -
Trustees’ reimbursed expenses 25 -
Independent examiner’s remuneration 500 500
======== ========

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

7 Staff Costs and Numbers – staff costs were as follows:

2025 2024
£ £
Salaries and wages - 110,268
Social security costs - 2,128
Pension costs - 2,204
__ __
- 114,600
======== ========

No employee earned more than £60,000 during the year. The above figures including redundancy payments totalling £nil (2024 £10,505).

The key management personnel of the charity comprise the Trustees, Executive Director and Artistic Director. The total employee benefits of the key management personnel were £nil (2024 £74,437).

management personnel were £nil (2024 £74,437).
2025 2024
£ £
Average head count (all staff are part-time) - 7.00
======== ========

8 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

9 Tangible Fixed Assets

9 Tangible Fixed Assets
Land and Computer
Buildings Equipment Total
£ £ £
Cost
At 1stApril 2024 117,410 4,635 122,045
Additions in year - - -
Disposals in year (117,410) - (117,410)
__ __ __
- 4,635 4,635
__ __ __
Depreciation
At 1stApril 2024 3,522 4,635 8,157
Charge for year - - -
On disposals (3,522) - (3,522)
__ __ __
- - 4,635
Net Book Value
At 31st March 2025 - - -
======== ======== ========
At 31stMarch 2024 113,887 - 113,887
======== ======== ========
10 Debtors
2025 2024
£ £
Trade debtors 9,345 12,547
__ __
9,345 12,547
======== ========
11 Creditors: amounts due within 1 year
2025 2024
£ £
Trade creditors 40 366
Accruals 500 2,989
__ __
540 3,355
======== ========
Charity no: 1161515

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Impelo Report & Unaudited Financial Statements 31[st ] March 2025

12 Analysis of Net Assets Between Funds

Restricted Designated General Total
Current Year Funds Funds Funds 2025
£ £ £ £
Tangible fxed assets - - - -
Current assets 43,589 13,224 212,685 269,498
Current liabilities - - (540) (540)
__ __ __ __
Net assets 31 March 2025 43,589 13,224 212,145 268,958
======== ======== ======== ========
Restricted Designated General Total
Prior Year Funds Funds Funds 2024
£ £ £ £
Tangible fxed assets - - 113,887 113,887
Current assets 18,165 13,224 78,338 109,727
Current liabilities - - (3,355) (3,355)
____ ____ ____ ____
Net assets 31st March 2024 18,165 13,224 188,870 220,259
======== ======== ======== ========

Charity no: 1161515

23

Impelo Report & Unaudited Financial Statements 31[st ] March 2025

13 Movement in Funds

Transfers
Current Year At 1 April between At 31 March
2024 Income Expenditure funds 2025
£ £ £ £ £
Restricted Funds
ACW Rad - 37,784 (37,784) - -
Arts in Health Event 4,136 - - (4,136) -
PCC SPF Arts - 106,842 (106,842) - -
ACW & Ashley Family
Foundation (Glanio) (450) 2,636 - (2,186) -
Heritage Lottery Fund (3,999) - (992) 4,991 -
ACW Resilience - 55,615 (17,105) - 38,510
ACW Cost of Living 6,474 700 (6,451) (723) -
ACW Transition 3,004 33,421 (31,336) (10) 5,079
Postcode Lottery 9,000 - (7,524) (1,476) -
__ __ __ __ __
Total Restricted Funds 18,165 236,998 (208,034) (3,540) 43,589
__ __ __ __ __
Unrestricted Funds
Designated Funds
Future capital plans 6,612 - - - 6,612
Cost of living fund 6,612 - - - 6,612
__ __ __ __ __
Total Designated Funds 13,224 - - - 13,224
__ __ __ __ __
General Funds 188,870 23,830 (4,083) 3,540 21,214
__ __ __ __ __
Total Unrestricted Funds 202,094 23,830 (4,083) 3,540 225,371
__ __ __ __ __
Total Funds 220,259 260,818 (212,119) - 268,958
======== ======== ======== ======== ========

Charity no: 1161515

24

Impelo Report & Unaudited Financial Statements 31[st ] March 2025

13 Movement in Funds (continued)

Transfers
Prior Year At 1 April between At 31 March
2023 Income Expenditure funds 2024
Restricted Funds
Schools Programmes 5,998 - (5,998) - -
Powys Sports 10,000 - (10,000) - -
Development
Play Packs 4,624 - (5,621) 997 -
Arts in Health Event 4,448 - (312) - 4,136
Davies M Charity 1,950 - (1,950) - -
ACW & Ashley Family
Foundation (Glanio) 14,560 11,860 (26,870) - (450)
Heritage Lottery Fund 6,060 12,030 (22,089) - (3,999)
Comic Relief (Sylfaen) 6,952 - (6,952) -
Ysgol Trefonnen (Stay &
Play) 880 - (880) - -
Churches Endowment - 10,000 (10,000) - -
Fund
ACW Cost of Living - 12,472 (5,998) - 6,474
ACW Capital Fund - 2,836 (2,836) - -
ACW Transition - 15,000 (11,996) - 3,004
Postcode Lottery - 15,220 (6,220) - 9,000
____ ____ ____ ____ ____
Total Restricted Funds 55,472 79,418 (117,722) - 18,165
____ ____ ____ ____ ____
Unrestricted Funds
Designated Funds
Future capital plans 6,612 - - - 6,612
Key strategic projects 6,612 - - - 6,612
Cost of living fund
____ ____ ____ ____ ____
Total Designated Funds 13,224 - - - 13,224
____ ____ ____ ____ ____
General Funds 162,083 188,694 (160,910) (997) 188,870
____ ____ ____ ____ ____
Total Unrestricted Funds 175,307 188,694 (160,910) (997) 202,094
____ ____ ____ ____ ____
Total Funds 230,779 268,112 (278,632) - 220,259
======== ======== ======== ======== ========

Charity no: 1161515

25

Impelo Report & Unaudited Financial Statements 31[st ] March 2025

14 Operating Lease Commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

ease payments as follows:
2025 2024
£ £
Amount falling due:
Within 1 year - -
In more than 1 year - -
======== ========

15 Related Party Transactions

During the year R Liggitt (trustee) was paid £210 for services provided.

Charity no: 1161515

26