## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Trustees|||||||||| |---|---|---|---|---|---|---|---|---|---| |N Hirst||||||Chair||Appointed|12/10/22| |D Turp||||||Vice Chair|||| |KJ R Luxton|||||||||| |D Hall|||||||||| |E Benson|||||||||| |C Phillips|||||||||| |D Turner|||||||||| |D DeSilva|||||||||| |TWentworth
JCotsen
FAllibhai
A LJones||||||||Resigned
Resigned
Appointed
Appointed|18/10/22
18/10/22
18/10/22
18/10/22| |Key Management||Personnel|||||||| |R Fabby
0 Gwilym
SPound
S McKay|||||Director
Executive Director
Finance and Admin
Senior Arts Officer||Manager|until 18December 2022
from 18December 2022
until 31 October 2022|| |R Brown|||||Arts Development||Manager|from 12December 2022|| |Independent|Examiner||||||||| |MHA (trading|name|of Maclntyre||Hudson||LLP,|||| |a limited
liability partnership|||in England||&Wales||||| |Registered
number||OC3123)|||||||| |Elfed House|||||||||| |Oak Tree Court|||||||||| |Cardiff Gate Business Park|||||||||| |Cardiff|||||||||| |CF238RS|||||||||| ## ## ## ## ## |||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Restricted|Total|Total| |||||||funds|funds|funds|funds| ||||||Notes||||| |INCOME AND||ENDOWMENTS||FROM|||||| |Donations|and|legacies||||2,901|12,250|15,151|17,601| |Charitable|actlvltles||||||||| |General||||||191016|213665|404 681|313614| |Total||||||193917|225 915|419832|331 215| |EXPENDITURE||ON|||||||| |ChaHtable|actlvltles||||||||| |General||||||190,880|141792|332,652|289,664| |NET INCOME
Transfiers between|||funds||15|3,057
~5,575)|84,123
5 575|87,180|41,551| |Net movement||In funds||||(2,518)|89,698|87,180|41,551| |RECONCILIATION|||OF FUNDS||||||| |Total funds|brought||forward|||71,778|90,974|162,752|121,201| |TOTAL FUNDS||CARRIED FORWARD||||6S260|180,672|249,S32|162752| ## ## ## |||||2023|2022| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|funds| ||Notes|||F|| |CURRENT ASSETS|||||| |Debtors
Cash at bank|12|1,928
69,633|15,341
167,059|17,269
236,692|14,738
169,776| |||71,561|182,400|253,961|184,514| |CREDITORS|||||| |Amounts
falling due within one year|13|(2,301)|(1,728)|(4,029)|(21,762)| |NET CURRENT ASSETS||69260|180672|249 932|162,752| |TOTAL ASSETSLESSCURRENT LIABIUTIES||69,260|180,672|249,932|162,752| |NET ASSETS||69280|180,672|249932|162752| |FUNDS|15||||| |Unrestricted
funds
Restrictedfunds||||69,260
180672|71,778
90974| |TOTAL FUNDS||||249932|162752| ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS
AND LEGACIES||||||| |---|---|---|---|---|---|---| ||||||2023|2022| |Donations|||||5,401|2,031| |Grants|||||9750|15,570| ||||||15151|17601| |Grants received, included
in the|above, are||as follows:|||| ||||||2023|2022| |DWP —Access to Work|||||9,750|15,570| |INCOME FRONI CHARITABLE|ACllYITIES|||||| ||||||2023|2022| |Grants|||||388,673|298,26'I| |Training
and consultation
income|||||11,950|11,803| |Other charitable
income|||||1,982|1,641| |Membership
income|||||2,076|1606| ||||||404,66\|313,614| |Grants received, included
in the|above, are||as follows:|||| ||||||2023|2022| |||||||E| |Arts Council ofWales —core funding|||||169,746|187,237| |Cultural
Solidarity
Fund (European||Cultural|Foundation)||237|| |Ty Cerdd Lottery grants: EngagetYmgysy!Itu
Arts Council ofWales - Creativity
is Mistakes|||||49,118|1,889
98,235| |Disability Wales - Welsh Government's
Disabled People's Organisation||||||| |Project funding||||||13,600| |Disability Wales - Welsh Government||Reserves for Reconstruction||Package||8,800| |Ty Cerdd Lottery grants: Inspire IYsbrydoli
Arts Council ofWales - Bring Us Our Creative Rights
Wales Arts International
- Bring Us Our Creative Rights||||||1,000
5,000
2,500| |Arts Council ofWales - Cost of Living Award|||||5,262|| |Arts Council ofWales - Cymru I|Fenis||||69,630|| |Arts Council ofWales —Aildanio|Arts Prize||||58,789|| |Ty Cerdd - CBproject|||||1,991|| |Kingdom ofNetherlands
-Solidarity||ofHope|||3,200|| |Anthem
Music Fund Wales - Atsain||project|||10,000|| |Conwy CC —Amdani! Conwy|||||8,200|| |Creative Wales - Pathways
to Music|||||10000|| |Carried forward|||||386,173|298,261| ## ## |INCOME FROM CHARITABLE|INCOME FROM CHARITABLE|ACTIVIllES -continued|||| |---|---|---|---|---|---| |||||2023|2022| |Brought forward
Swansea
University - internship
Wolf Studios Wales||||386,173
1,500
300|298,261| |Unlimited
- Something
for Nothing||||700|| |||||388,673|298,261| |CHARITABLE ACTIVITIES|COSTS||||| ||||Direct|Support|| ||||Costs (see|costs (see|| ||||note 6)|note 7)|Totals| |General|||328,450|4,202|332,652| |DIRECT COSTS OF CHARITABLE ACTIVITIES|||||| |||||2023|2022| |Staff costs||||151,166|150,058| |Rent, rates and other associated
office costs
insurance
Telephone,
postage,
printing
and other related office costs
Advertising
and marketing
Sundries
Legal and professional fees
Recruitment
costs
Direct support costs relating to members
Other staff costs
Staff trave) and subsistence
Specifi projectcd
Freelance communication
support
Freelance music officer||||7,740
1,135
2,625
139
6,270
2,177
8,598
3,459
1,931
1,827
133,523
4,025
3 835|7,626
1,334
1,842
1,000
4,459
2,057
1,915
2,427
4,027
1,011
104,912
2130| |||||328450|285 398| |SUPPORT COSTS|||||| ||||||Governance| ||||||costs| |General|||||4202| ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||2023|2022| ||||F|E| |Wages and salaries|||142,105|140,101| |Social security costs|||6,823|7,483| |Other pension costs|||2,238|2,474| ||||151 166|150058| |The average
monthly|number ofemployees|during the year was as follows:||| ||||2023|2022| ||||7|7| ## ||||Unrestricted|Restricted|Total| |---|---|---|---|---|---| ||||funds|funds|funds| |INCOME AND ENDOWMENTS||FROM|||| |Donations
and legacies|||2,031|15,570|17,601| |Charitable activities|||||| |Genera!|||182590|131024|313,614| |Total|||184621|146,594|331215| |EXPENDITURE ON|||||| |Charitable
activities|||||| |General|||175,519|114,145|289664| |NET INCOME|||9,102|32,449|41,551| |RECONCILIATION|OF FUNDS||||| |Total funds brought|forward||62,676|58,525|121,201| |TOTAL FUNDS CARRIED FORWARD|||71,778|90974|182752| ## |11.|TANGIBLE FIXEDASSETS|| |---|---|---| |||Fixtures| |||and| |||fitlings| |||E| ||COST|| ||At 1 April 2022 and 31March 2023|572| ||DEPRECIAllON|| ||At 1 April 2022 and 31 March 2023|572| ||NET BOOK VALUE|| ||At 31 March 2023|| ||At 31 March 2022|| |12.|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||| |---|---|---|---|---|---|---| ||||||2023|2022| ||Other debtors||||30|500| ||Prepayments|and acxrued||income|17,239|14,238| ||||||17269|14738| |13.|CREDITORS:|AMOUNTS||FALLING DUE WITHIN ONE YEAR||| ||||||2023|2022| ||Other creditors||||2,055|19,762| ||Accruals and deferred income||||1 974|2000| ||||||4029|21762| |Minimu|m
l|ease payments
under nonwancellable
op|erating leases fall due as follows:|| |---|---|---|---|---| ||||2023|2022| |Within|one|year|~1264|1264| ## |MOVEMENT
IN FUNDS|||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1/4/22|in funds|funds|31/3/23| |||||F|| |Unrestricted
funds|||||| |General fund
Designated
fund —specNc|costs|55,278
16500|3,057|5,662
~11237)|63,997
5263| |Restricted ttrnds||71,778|3,057|(5,575)|69,260| |Voluntary
Arts Network - MaDCaff||65|||65| |MaDCaff Ceredigion||200|(200)||| |European
Cultural
Foundation - We shall|||||| |not be erased
Theatre Project
DPULO
Tesco Groundwork-
Youth
Connect and Flourish
Disabled People's Cultural|Work
and|5,454
1,000
2,839
680
77,342|(5,454)
(2,839)
(680)
23,201||1,000
100,543| |International
Manifesto||505|||505| |Ty Cerdd Music
Ty Cerdd Youth
The Aurelius
Charitable
Trust
Arts Council Wales - Cymru
/ Fenis||1,889
1,000|(1,889)
(1,000)
1,325
22,394||1,325
22,394| |Arts Council Wales - Aildanio Arts Prize
Anthem
Music Fund Wales - Atsain project
Conwy CC - Amdanil
Conwy
Creative Wales - Pathways
to Music
Wolf Studios Wales|||28,563
7,266
3,365
10,000
71|5,575|34,138
7,266
3,365
10,000
71| |||90974|84 123|5575|180,672| |TOTAL FUNDS||162752|87 180||249,932| ## |Net movement
in funds, induded
in the above are as follows:|||| |---|---|---|---| ||incoming|Resources|Movement| ||resources|expended|in funds| ||||E| |Unrestricted
funds|||| |General fund|193,917|(190,860)|3,057| |Restricted Ittnds|||| |MaDCaff Ceredigion
Access to Work
European
Cultural
Foundation —We shall not be erased|9,750
237|(200)
(9,750)
(5,691)|(200)
(5,454)| |DPULO
Tesco Groundwork-
Youth Work
Connect and Flourish
Ty Cerdd Music
Ty Cerdd Youth
The Aurelius
Charitable
Trust
Arts Council Wales - Cymru IFerris
Arts Council Wales - Aildanio
Arts Prize
Ty Cerdd - CBproject
Kingdom of Netherlands
—Solidarity of Hope
Anthem
Music Fund Wales —Atsain project
Conwy CC - Amdani! Conwy
Creative Wales - Pathways
to Music
Swansea
University
—internship
Wolf Studios Wales
Unlimited
—Something
for Nothing|49,118
2,500
69,630
58,?89
1,991
3,200
10,000
8,200
10,000
1,500
300
700|(2,839)
(680)
(25,917)
(1,889)
(1,000)
(1,175)
(47,236)
(30,226)
(1,991)
(3,200)
(2,734)
(4,835)
(1,500)
(229)
~700)|(2,839)
(680)
23,201
(1,889)
{1,000)
1,325
22,394
28,563
7,266
3,365
10,000
71| ||225915|~141792|84123| |TOTAL FUNDS|419832|~332 852)|87180| ## ## ||||||Net|Transfers|| |---|---|---|---|---|---|---|---| ||||||movement|between|At| |||||At 1/4/21|in funds|funds|31/3/22| |||||F|||| |Unrestricted
funds|||||||| |General fund
Designated
fund —specific||costs||62,676|9,102|(16,500)
16500|55,278
16500| |Restricted funds||||62,676|9,102||71,778| |Voluntary
Arts Network|—MaDCaff|||65|||65| |MaDCaff Ceredigion||||200|||200| |C3SC - Covid-19 Local|Emergency||||||| |Support Grant
ACW- We shall not be removed
European
Culturat
Foundation
-We shalt||||65
3,673|(65)
(3,673)||| |not be erased||||28,134|(22,68Q)||5,454| |ACW - Cultural
recovery fund
Theatre Project
DPULO
Tesco Groundwork
-Youth Work
Connect and Flourish
Disabled People's Cultural
and||||3,295
1,000
21,093
1,000|(3,295)
(18,254)
(320)
77,342||1,000
2,839
680
77,342| |international
Manifesto|||||505||505| |Ty Cerdd Music
Ty Cerdd Youth|||||1,889
1,QQQ||1,889
1,000| |||||56 525|32,449||90,974| |TOTAL FUNDS||||121201|41.551||162,752| ## ## ## ## ##