Charity number: 1177910 (England & Wales) C6rdydd Financial Statements for the year ending 31st March 2023 CordTr'dd Financial Statements for Ihe l'ear ended .Ilst Mi arch 2023 Content5 Page 8ackgfound and Administrative Details Trustees, Annual Report Independent Examiners, Report Receipts and Payments Account Oetailed analysis of receipts Detailed analysis of payments Statement of Assets and Liabllities Cordi'dd Financial stalements for the l'ear ended 31st March 2023 Cordydd is a charity regtstered in England and Wales. registration number 1177910 The principal activity of the charity is the operation of a choir for the benefit of the public. Trustees The trystees who served during the period and since were as follows= R C Williams A H Penri E M Hughes Independent Exomlnotlon These financial statements have been examined by.. Barrie 8ue15 FCCA FCIE Cre5tmere Limited Chartered Certified Accountants Unit Fl, Intec Parc Menai Bangor Gwynedd LL57 4FG Cordi'dd Trustees, Annual Report for the l-ear e#d¢d 315t MaTcb 2023 The trustees have pleasure in presenting their report and the financial statements of the charity for the year ended 31 March 2023. STRUCTURE, GOVERNANCE AND MANAGEMENT Appolntment if trustees Apart from the first charity trystees, every appointed trustee must be appointed. for a term of yp until the AGM following their appointment, by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustee5 must have regard to the 5ki115. knowledge and experience needed for the effective administration of the charity. OBJECTS AND AcfiviTIES Ch•fltable purpose5 The purposes of the charity are to advance. improve. develop ènd maintain public education in and appreciation of, the art and science of music in all its aspetts by any means the trustees see fit. including throu8h the presentation of public concerts and iecitals. In reviewinB the charity's aims and objectives and in planning future activities the trustees have referred to the guidance contained in the Charity Commission's 8eneral guidance on public benefit. Review of artlvltles April 2022 We performed along with Welsh artlst Al Lewis in his concert in Cardiff. lune 2022 30 member5 performed 8t a drinks reception for the Royal Colle8e of Anae5thatists at the National Museum of Wales. Au ust 2002 The choir competed in the National Eisteddfod, in the mixed choirs category, and came first place. October 2022 The choir travelled to North Wales to perform a concert in Criccieth with Rhys Meirion as soloist. November 2022 A group of 30 members performed at City Hall for NFU event. March 2023 The choir competed in the televised competition 'C6r Cymru, in which we reached the final. Cordi'dd Trustees, Annual Report for the l'ear ended 31st March 2023 {CODtinued) March 2023 We competed in a fundraising concert for the Gwyl Ceidd Dant festival. Reserves Policv It is the policy of the trustees to maintain unrestricted funds, which are the free reserves of the charity that are not committed or invested in tangible fixed assets of the charity, to 8 level of approximately three months of the charity's expenditure. This represents approximately £8.Oc￿l in unrestricted funds. The trustees believe that this represents the level of reserves necessary to ensure the effective and efficient operation of the charity for the benefit of its clients. The charity ended the year with free re5eryes of £24.528 which is particularly high, due to the choir members paying monthly instalments towards the upcoming trip to Hull for the choral festival and these funds will soon be transferred to the festival orBanisers. Rlsk revlew The trustees confirm that the major risks to which the or8anisation is exposed. as identified bv it, have been reviewed and systems have been established to manage these risks. Internal risks are minimised by the implementation of effective internal control procedures, which ensure both appropriate èuthorisation of all transactions and projects and cons1Stent quality of delivery for all operational aspects of the organisation. These procedures are periodically reviewed lor their ontinuin8 effectivene55. Organisational strurture The charity Is run by the trustees who meet on a re8ular basi5. Powers are dele8ated to officers and volunieers as and when appropriate. Trustees, Responsibllities The trustees are responsible lor kewng suffiuent accounting rectyds that disdo38 *Mth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial 5tatement5 comply with charities le8islation and regulations and the charity's constitution. They are also responsible for 5afeguardin8 the assets of the charity and for takin8 reasonable steps for the prevention and detection of fraud and other regularities. Principal Office 4 Brecon Street Cardiff CF5 IRE Signed by order of the Trustees Rhian Chflstina Williams Trustee Approved by the Trustees on 29 Au8USt 2024 Cordi'dd Financial stat¢rnents for the year ended 31st March 2023 Independent Examiner's Report I report lo Ihe Iruslees on mi ¢xaminalion of the financial sthiemenis of Cordi'dd (the charit).) for the J'ear ended J l March 2023. Re5pectii'e responsibilities of tru$lees And examiner The iruslees are responsible for the preparalion of ihe account5. The tnJsiees consider thai an audit is not r¢'quired for ihis i ear under section 144 ofihe Chariiies Acl 201 l and that an independent examination is needed. Having satisfied myself Ihat the financial statemenls of the charii!. are not required lo be audiled and are eligible for independent examinaiion. I rewTrri in respect of m!. examination ofthe LharitN's financial staiemenis. carried oui under seciion 14) (If ihe C"harilies Aci ?01 l. In cam ingb oul m!. examinaiion I hai'e tollo￿¢d all of the appliLable Direciions gii'en b>. the Charil>' Cc)mini45ion under 8¢111()n 145 (5)(b} ofihe 201 l Act. Independent F.XAminer's Si4¢ement I have compleied mi e.xamination. I confim) ihai no mallers have come io mfv. aiiention in ci)nneLtii)n w ith the examination bFivinbF me cause to belieie ihai in an! malerial respe¢l.' accouniing reconls were noi kepl in respect of ihe ¢hariii: or the financial sthi¢menis do noi accord ￿ iih Ihose records. or Ihe financial siaiement5 do noi compl! 14 ilh the ac¢ouniin¥ requirements of the Charities ALI ?0 I l oiher ihan an> requiremenis to gi%'e a Irue and fair %'iew. which 15 noi a mailer considered a5 pan of inde￿￿￿¢￿1 examination: or the financial statements have not been prepared in accordance with ihe meihods and principles of the Stai¢m¢nt of Recommended Praciice for accounting and reportinB b>. ¢horiiies applicable in the UK and Ireland IFRS 1021. I have no ¢oncems and have come across no oiher matters in connection M iih ihe eAaminalion to hich attention should be dram'n in order to enable a proper underslanding of the financial Statemen15 10 be reached. Bxrrie Buels FCCA FCIE L hartLri'(i Q'irtili