Company registration number.. 07840762 Charity registration nrnr.. 1188670 itru CITRUS ARTS LIMITED TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 HSJ Accountants Ltd Severn House Hazell Drive Newport NPIO 8FY
Citrus Arts Limited Contents Pège Trustees, Report Independent Exarniner's Report statement of Flnancial Actl¥itSes lincludlw Income and Expenditure Account) Comparatlve Stètement of FIna[al Artivlties Ilnduding Intome and Expenditure Accounti Balance Sheet io Notes to the Financial Ststements 11-20
Citrus Arts Limited Company No. 07840762 Trustees. Report For The Year Ended 31 March 2025 The tru5tÈes present their report and the finanaal statetnenls for the year ended 31 Mah 2025. Obje¢tives •nd A¢tivities Alms •nd ObJertive* The objects for which the Company Is established are-.- l. The promotion of education and training in the creative artistic application of expressive arts in artistic perforrnance. 2. The promotion and training in expressive atts and other recreational activities in the interests of social welfare for the benefits of the public with the object of improving the quality of life. Cltrus Arts Is a community arts charity bèsed in Pontypridd. The company was founded In 2009 as a Compèny Llmited by Guarantee and re-constituted as a charitsble company in 2020. How we achieve these objectives citrus, vlslon Is of a flourishlng creatlve commun6ty r£ted In the collaboratlve ethos of the travelllng clrcus. We use the travelling clrcus model as a template for the besr kind of creative community life, where hard work and team endeavours are valued, creativity is part of everyday life, 'ordsnary' people are the artists and lookin9 after each other 15 central. Cltru5' mls5ion is to reconnect our cornrnvnity. eroded over decade5 by 1055 of industryi uniting us in common 50clal goals uslng the hands-on, prattical skills and ethos of circus and outdc¥ir arts life. It's to nurture cltizenshlp and kindness in our neighbourhood by igniting creativity. It's to connect our cornmunity to self, to each other ond to the land through gettlng everyone outside and hosting 5pectscul6r shared experience5. We're in the proce55 OF being gifted Hopkinstown Hall- the much under-used and only community gathering space- by the Rhondda Ward Old Age Weifap Associarion who are ageing out of being able ro care for and make use of the bulldlng. Our shared mlsslon here Is to re-establish Hopkinstown Hall as our community s hub for creativlty, Cltlzenship and kindness,. the continued values of RWOAWA supported deeply by Citrus and intertwined with our own. Who workj wlth us7 The organisation now contrarts the services of two fvll time members of staff.. Executive Oirecror and Creative 01crOr, with one additional part time staff rnember leaving dunng the 24-25 financial year. citrus also works with and supports a wide and diverse range of freelance CreaVe praCtIOne5 from a huge array of skllls backgrcunds from pyrotechnics to rope acce55, frorn activtsm to downing. In addition, the charity nurtures on annual cohort of young traintts. offering 18-30 year old people who are not In education, empltryment or training from the local arta theopportunity for paid work alongside the Citrus team, learning a range of transferable skills along the way. Tralnees. known as Artworkers, participate In a full-time tralnlng course and then access further opportunities with Citrus and beyoThJ for the remainder of the year. In the 24-25 financial year, we welcomed 24 trainees each eompleting a 3 week course. Wh•t We Do The rnain activities of the Company are'.- Co- creation of a Spectacle for local audien5 thot explore5 a key locall globol issue eg Ty Unn05 in 2023 and the planned Miner's Gala in 2026 Communlty workshops featunng creativlty and cSttzenshlp- usually vla a programme of open activlty at HopkSnstown Hall or In our outdoor partner venue5. Examples include a 10 week course in outdoor art5 creation culminating In a cornmunity wassail with live bilingual music, a corntnunity created art trail and a fire drawing. and Crafternoons, free craft workshops for adults who are not in work. Circus classes for children 4+ and adults, including a new cla55 specifically for people who a not in the forrnal education Sy5tern for a vanety of rea50n5. We now have over 100 children on roll. Rage Rage l Oes Oes a programme of altemative atts provisK)n for quietly radical people who left school before 1990. The programme Is led by the participants who work alongside the project guide, a local bilingual artist. This programrne ha5 hosted field trips, gigs, a Slipped Disc-o and a secret event by Bill Drurntnond of the KLF. Artvéorkers- the paid trainin9 for marginalised I(1 young people that fomis the backbone and feeds into all our other work. A progratnme OF cotnmunity pons1Ve performance and xreenings at Hopkinstown Hall offered at low c05t, including NT Ve screenings and live theètre under the Arts Council of Wales. Night out scheme. Pdge I
Citrus Arts Limited Trustees. Report (continued) For The Year Ended 31 March 2025 Slgnlfltant Actlvltles The ¢h•rlty'S key tsbJe¢Uv*s for 2024-25 were to'.- Progre55 the pr{eSS of transfer of ownership to Citrus of our cornpany base al Hopkin5tOV4n Hall frorn RWOAWA (Rhondda Ward Old Age Welfare Association) who a gifting us the hall to use for continued community benefit las at 3110312025 this process was almost completel. Secure additional core funding to tnatch our ACW 3 year fvnding itb order to support tore artivities. Further develop the Artworkers scheme for 18-30 year old NEEfs and run it as a full-time longer course. Embed and grow our new regular programme of classes for people 4+ {Pipsl. Establish a pattern of workin9 to an annual therne v4ith all activity falling under this thÈrne, dÈvÈloped in collaboratlon ¥Ylth our community. (this alm Is carried over from 20234 due to an Interruptlon in fundlng for perforrnancel live workl The rn05t significant event of the 2024-5 financial year w85 the corntnencetnent of our regular fundin9 frotn Arts Council Wales. Thls has given us the security needed so we could start to eml)ed and expand our work ènd has posltively impacted upon professienalism and quolity of work. In Decernber 2024 we also discovered that we hove Secured 3 years CO fijnding frorn P4ul Homlyn Foundation valued at £66,000 per annum whlch will commence on 0110412025. 2024-5 wo5 Citru5, first Y¢•r of the Worker The focal polnt or the year was preparing for our next annual spectac. Thanks to an Arts Councll of Wales project grant we were able to Invest in a large goal post truss for laryer scale outdoor events and bring Essex's acclaimed Kinetika to work with our local cornmuriity rnembers, to moke 20 silk pennafit flags on the thetne of good v40rk'. Artworker• 2024's Artworkers returned to ereate and install 36 snowfiake lanterns in central Cardiff, as part of the Cotnmerclal Chrlstmas event, Lights In Bute Path (From the Fds). 3 further Artworkers were seletted to ng the opening ceremony of Bradford Fiise 25, IBradford City of Culture) alongside Citrus, Creative Director James Doyle-Roberts. This enabled the Artworker5 to gairi unique experierice of large-5cale outdix)r events as v4ell a5 SUPW>rting a disabled aerial artlst In her work. This experience will enhants their Cvs. their confidence and future prospects. In Sprlng 2025, Cltrus ran 2 x 3 week full time pa Artworker training courses for 2 new cohorts each of 12 young people from across RCT. The training was Funded by sho Prosperity (UK Governrnent via RCTCBCI and Welsh Governrnent Event$ sector. The 24 young people- many of whom faced personal and sttietal barriers to attendin9 the course- worked alongside some of the UK'S most inspiring creative professionals such as Imogen Michel (Greenpeace UK- rigglng and rope acce5sI, Zoe Munn (Green Man and Eisteddfod- outdoor arts production) and Steffan Hintsches loutdoor power and electrics). A film 5urnmarising the course can be found he httPS.'l/vimeo.coml1079727123?share-copy One 2025 p•rtl¢lp•nt Mld "it was unexpected that i felt more able to tslk about besng Aut15tic. I can be myself here. I didn't feel I had to hide my autism as it was welcomed and accepied." Another young woman who has lust moved to the locèl aa arK1 is stnjggliw tts find work as she Is non-verbal sald the course"Nade me want to share my work having seen other people sharing their creatlvity". Rag• Rag• l Oes Oe• This was our new project funded in the first instance by Shared Prosperity. seeking to reimagine the ways In which older local people could get Involved with creativity and community. The project was inspired by a conversation with an older person who exclaimed-I don't wanna do that Ilisten to Vera Lynnel- I used to be a punk!" We're also inspired as a company by the work Duckle has been doing on The Posh Club- providlng safe spaces for older people to be thelr twe selve5 and fflaintain oll aspect5 of their lentities. Rage Rage Oe$ Is for quietly rebellious older people who left school befo 1990. In the spirit ln interyeneratlonal collaboration we don't check anyone's ID so older pEople can bring their younger rnates to events like gigs, talk5, local cultural ¥Yalks and happenings such as Bill Drummond Ifomier KLF member) coming and doin9 a talk and screening to a select cohort of just 17 Ragers. At the end of March there were over 70 in the Membership. 'We really don't have anything sin)ilar to Rage Rage In the area. We need the project to be permanent and to grow. One of the feètures I think 15 Particularly valuable is the way that we are listened to ènd our idea5 taken on board, they are very democratlc. It is Èrnw>wering to feel that we matter. To be honest R2ge PAge feels like green shoots In blt of a bare landscape.- .CONTINUED Pdge 2
Citrus Arts Limited Trustees. Report (continued) For The Year Ended 31 March 2025 Slgnlfltant Actlvltle$- contlnued Community Djys We hosted regular cotnrtiunity day5 includitig a iotntnunity wa55ail at the di5U5ed tnine we work c105ely with involving bilingual live music, an outdoor art trail made by some of our local community membets. a fire drawing ènd traditional wassailing craftsl We also hosted a Father's Day event with nature drawingi a bug hunt, orcus play and song writing workshops. Each event saw over 60 attendees. Plps We contlnued to grow our programme for chSldren, young people and adults. Reglsttation stood at almost 100 by the ned of the year lup from 47 the previous yearl and we added a fortnightly dass for young people who a not In education for variety of reasons Imainly due to anxiety and/ or neurodiver9encel. Th15 class has proven to be extrernely popular and we're exploring making it weekly from September 2025. Hostln9 and artlst development As well as our own activity, we also hosted a rawe of compaThies and Indlviduals at Hopkinstown Hall to develop thelr own work. In addition to providing rehearsall prnctice space, we also offed use of cur workshop Meeting room, re50urce5 and equipment and mentoring eg In artistic development fundraising. This a5pert of our work included h05ting Ramshackalicious rehearsing their inclusiye coproduction. Truthl with Hijinx Theatre and supportlng Wales based artlsts Jools Young and Freya Sofia In the eady stsges of developing new outdoor works. Publlc Benefit Slgnlflcant activitles that we untlertook dvrlng the year that demonstrate wblic benefit art set out here.'- Paid 24 young people not In education, employment or training to trnin In outdoor arts technical skills. Many parti¢lpants in this programme are facing multiple barriers such as caring reswsnsibilities, anxiety. rural livlng or neurodivergence. Provided subsid15ed cultural activ1tS for Ople Ilving in a communty 1501ated from provlsion- eg Nlght Out Ilve performances and NT Live screenings. Welcomed 74 Individuals over the age of SS to a pYcJramme of free. quletly radical cwtlve events such as walks with artists, live rnusic and field tnps. Continued the proce55 (supported pro bo by Evershedsl or transferrlng the ownership of Hopklnstown Hall from RWOAWA to Citrus, for continued public benefit. Provided education & outreach projetts supported by a range of organisations and cornrnunlty settlngs acros5 South Wale5, Involving free. fun sessions for families and young people to tske part in creative activitie5 such a5 circu5 skills and 'make and tske,. Provlded free regular communlty day activities at Hopkinstown Hall and in partner outdoor venues for all ages to enjoy. Run subsidised weekly circus classes for children aged 4+ with over 100 chIldn wularfy attendln9 by the end of the financlal year. Launched a new fortnightly cla55 for chiklren who are rbot in forrnal education for a variety of rea50n5. Provided a free, warm wace for families in the community w acces$ w(*k spa. ¢onnettion with others and free drlnks and snacks. The trustees conflrm that they have cornplied with the UireMents of Sectlon 17 of the CTharfties Act 2011 to have due regard to the Charity Cofflmis5ion's guidance on public benefit. CharItae acuvltles Slnce 2019 Citrus have been Snvolved In a partnershlp to make Hopkinstown Hall thelr base of operatlons and re-invlgorate this space as a cornmunity asset and venue. After the repair work5 we cornpleted in 2021-2022 Citru5 Art5 were very fortunate to be able to secure grant support from a number of sources that support all the different strands of our work. This provided a range of opportunitSes for our youth and freelance team and enabled the organisatlon to contlnue to ernploy its smill core tearn of freelanr5. During th15 tyrne, ¥ve ¥vere able to continue to Secure our base of operotiOn5, Hopkinstown Hall, the proce55 of transfer for which w45 almost 6t a c105e at the end of Mah 2021. thanks to Pro Bono support from Ever5hed5 Cardiff for Citrus Arts and from Dolmans for RWOAWA. Golng into 2025-6 Cltrus Arts plan to secure ownership of the hall and 9IDVI the programme of work for the communlty. This will include a plan for building works on the hall to improve accessibility for disabled patrons and familie5, and to improve environmental su5tainability- This plan will likety include substantial capital grant applications. .CONTINUED Page 3
Citrus Arts Limited Trustees. Report (continued) For The Year Ended 31 March 2025 Charitable acllvltles- corttlnued Flnanclal RevSew Flnanclal Posltlon The financi41 result5 for the year ended 31 Marth 2025 are in the aitached financial statements. Totol income for the year wa5 £429.014. Of this. É184.467 related to re5triLted income and £244.547 was unrestricted Income. Total expenditure for the year was £301.869. The results report net intome on restricted funds befort tyansfers of E45.831 and net income on UntrItte fvnds of £81,314. Total funds at 31 March 2025 were £145.745, of which E47.233 was restricted funds and E98.512 unrestricted funds. R•ser¥es Pollcv At 31 march 2025 the charlty held free reserves ol £88.736 IbelThJ unrestricted fvThJs 01 £98.512 less those funds tled up In fixed assets of £9.7761. As a prevlously non- core funded organisation. Yunning almost entiiely on restricted attivlty grants from a varlety of trusts and foundatlons, bullding reserves has been acutely challenging. The board of trustees airn to build the charity's reserwes to Intlude a minimum of É30,000 fe reserves l¥Yhith represents 3 months of fixed runnin9 Costs plus èdditional wlndlng down costs) and Ideally a sum which would include other Potenr costs such as building repairs and unforeseen equlpment needs. The trustees JUStIfy holding reserves that would be required for the sofe and ethical functioning of the charity and simllarly an ethical wlndlng down should unforeseen circumstonce5 trigger such an eventuality. The trustee5 do not 5UPPOrt the unnecessary holding of undesignated erVeS as they understand that monles recelved should be used for the actlvity of the charity and for the benefit of Citrus. beneficiaries. The board aims to bulld such re5etves thmugh a hjll assessment in 2025-26 of Citrus, FCR operations. They also plan to explore and develop previously uriexploited potential in individual givin9 (including digital fundraislng) and increase earned Income via increased paid activity, hires and classes at Hopkinstown Hall. stru¢tur¢, Go¥¢rn•n¢e •nd M•n•gement Governln# Do¢um¢nt citrus Arts Is a chantable company Iimlted by guarantee, incorpornted on 9 November 2011 and reg15tered as a charity on 20 March 2020. Its governing documents are its Memorandum and Articles of Asxtiation. adopted on inCortIon In 2011 and amended by special resolution in August 2016 and again in December 2019. DUn9 2024-25 two Trustees Signed.. Bridle twk•Roberts on 3 Dember 2024 and Oavid 8axter on 12 November 2024. Trustee Selection Method5 RecruStment and appolntment of new trustees Trustees are appointed, rernoved or retire by resolution of the trustees at PA)ard meetings or Annual Generdl Meeting. Org•nisation•l stryrture Citrus has a Boèrd of Trustees who are also the Boavd of Diwectors viith a Chair and Vice Chair. The is I full time and two Part-tlme Senior Management one of whKh acts as Company Secretary. Ciinjs has 2 part-time office staff and engage fe1attrs for all other empk)yment role5. Indurtion ond troining of new trustees New board members benefit from an inductron prior to their first board meeting ènd are marje aware of their responsibilities, In accordance with The Charity Cornmission for England and Wales Guidantt The essential trustee.. what vou need to know, what you need to do,. The trustees in the forrn of the Board of Management a reSpIble for the overall strategic development and control of the charity's activitie5. Sub-corntnittee5 may also exist to deal with various issues. Day to day operational managetnent of the charity is dele9ated by the trustees to their Senior Management team. James Ooyle- Roberts. Beth House and Bridle Doyle-Roberts. The trustee5 have condurted a review of the Major risks to which the tharity is exposed and systerns have been tablIshed to rninirnise those ri5k5. Page 4
Citrus Arts Limited Trustees. Report (continued) For The Year Ended 31 March 2025 Reference and Admlnlstratl¥e Detalls Trustees Mr N Young Ms J Mccallion Mr N Pugh Ms J Purnell Mr D R Baxter (resigned 1211112024) Company Secretaries Miss 8 House (appointed 03112120241 Mr5 B J Doyle-Roberts (resigned 03112120241 Charlty Nurnber 1188670 Company Number 07840762 Independent Examlner Mr Andrew Hlll FCCA ACA DChA 8FP HSJ Accountants Ltd Severn House Hazell Drive Newport NPIO 8FY Pdge 5
Citrus Arts Limited Trustees. Report (continued) For The Year Ended 31 March 2025 statement of Trustees. Responslbllltles The trustees (who are 6150 the direttor5 of Crtru5 Art5 mited for the purtK>5e5 of cotnpany 16wl 4re responsible for preparing the Trustees. Report and the financial statements In accordan with applicable Lavi and United Kingdom ACCounn9 Standards (United Kingdom Generally Accepted Accounting Practitr). Company law requir the trustees to prepare financial ststements for each financial year. Under cornpany law the trustees must not approve the financial statement unle5S they are satisfied that they give a true and fair viev4 of the state of affairs of the charltable company and of the incomiNJ resources and application of resources. including the income and expendlture, of the charitable company for that period. In prepanng the financial ststements the trustee5 are required to.. • select suitable accounting policies and then apply them consistentlyi observe the rnethods and priTrciple5 in the Charity SORP- make judgments and attounting Èstimates that a reasonable and pdent.. an(J prepare the financial statements on the going concern basis unless it is inappropnate to presume that the company will continue in busines5. The trustees are responsible for keeping adequate accounting records which dixlose with reasonable accuracy at anytime the financial position of the ch4ritable cornpany and to enable thetn to ensure that the accounts cofflply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets ol the company aNJ hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the rnaintenance and Integrity of the corpornte and financial Information Included on the charitable Company's website. Legiststion in the United Kingdtsm goveming tl* preparation and dissemination of financlal statements may dlffer from leglslatlon other Juiisdktions. Small Company Rul•• Thls port has been prepa in accordance with the special provislorts rtlatyng to comnIeS subject to the small companies regime withln Part 15 of the Companies Act 2006. The rrusrees, report was approved by rhe board of trustees and $lgned on Its behalf ty-. Mr N Ycung Trustee 9 December 2025 Pdge 6
Citrus Arts Limited Independent Examiner's Report to the Trustees of Citrus Arts Limited For The Year Ended 31 March 2025 I report to the charity trustees on my examinabon of the accounts of the Company for the year ended 31 March 2025. Responsibilities and Ba515 of Report As the charity trustees of the Company land also its directors for the purposes of company lawl, you are responsible for the preparntion of the accounts in 4ccordance with the requirernents of the Cornp6nies Act 20061.the 2006 Art"). Having satisfied rnyself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and re Èligible for independent Èxaminètion. I rerK)rt in respect of my examination OF your tharity's attounts as tarried out under section 145 of the Chamties Act 2011 I'the 2011 Act'l. In canying out my examination I have followed the Directions given by the Charity Cornm15sion under seLtion 14515) Ibl of the 2011 ALt. Independent Exominer's Statement Slnce the Company's gross income exceeded £250.000 your examlTrer must be a member of a body listed In sectlon 145 of the 2011 Act. I confirrn that l arn qualified to undertake the exarninabon because l am a member of The As50Clation of Chartered Certified Accountants. which is one of the listed bodies. I have completed my examlnatlon. I confirn) that no matters have come to my attentyon In connectlon wlth the examlnatlon glving me cause to belSeve'. l. accounting records were not kept in respect of the Company as required by setbtsh 386 of the 2006 Art. or 2. the accounts do not accord with those records.. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view. which ts not a matter considered as part of an independent examlnarion., or 4. the accounts have not been prepared in aCCordare with the methods and principles of the Statement of Recomrnended Practice for accounting and reporting by charibe5 applicable to chorities preparing their accounts in accordance with the Financial Reporting srandard applicable in the UK and Republic of Irelan(J IFRS 1021. I have nc concems ond hove come across no other mattU5 In cOnrCtion with the examination to which attenOn should be drawn In this report In order to enable a proper uN1erstanding of the accounts to be reached. Mr AndW Hill FCCA ACA DChA 8FP g December 2025 Severn House Hazell Drive Newport NPIO 8FY Pdge 7
Citrus Arts Limited Statement of Financial Artivities {including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total fvnds Total funds INCOME AND ENDOWMENTS FROPI: Donations and legacies Ch6rit4ble 6ctivitie5'. Collaboration Income 37 37 129 250 250 963 Classes income Events income Grants Other intome Other tradlng activities 4.605 52,822 179,100 5.960 1.773 4,605 600 53,422 183,867 362,967 5,960 1,773 11,928 38,090 109,569 4,180 2.578 244.547 184.467 429,014 167,437 EXPENDITURE ON: Charitable activities.. The promotlon of education and tralnlng In artSst perforrnance {163,2331 1138,6351 {301,8681 1228,7711 NET INCOMEI(EXPENDITURE) 81,315 45,831 127,146 161,3341 Transfers bet¥Yeen funds 17 12411 241 NET MOVEMENT IN FUNDS 81,074 46.072 127,146 161,3341 RECONCILIATION OF FUNDS: Total funds brought forward 17.439 1.161 18,600 79,934 TOTAL FUNDS CARRIED FORWARD 17 98.513 47,233 145,746 18,6DO The notes on pages 11 to 20 form part of these financlal statemerts. Pdge 8
Citrus Arts Limited Comparative Statement of Financial Artivities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestrlcted Restrlcted funds fund5 Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities.. Collaborotion income Classes intome Events income Grants 129 129 963 11.928 38.090 963 11.928 38.090 109.569 4,180 2,578 109,569 Other Income Other trading activitie5 4,180 2.578 57,868 109,569 167,437 EXPENDITURE 014: Charitable activities.. The promotlon of educatlon and tralnlng artlstk perfomiafi 146.2011 1182,5701 1228.7711 NET EXPENDITURe 11.667 173,0011 161,3341 NET MOVeMENT IN FUNDS 11.667 173,0011 161.3341 RECONCILIATION OF FUNDS: Total funds brought forward 5,772 74,162 79,934 TOTAL FUNDS CARRIED FORWARD 17 17.439 1,161 18.600 The notes cn pages 11 to 20 form part of these financial statements. Pdge 9
Citrus Arts Limited Balance Sheet As At 31 March 2025 2025 2024 Unrestricted Restricted funds fund5 Total fvnds Total funds FIXED ASSETS Tangible Assets 13 9,776 9,776 7,515 9,776 9,776 7,515 CURRENT ASSETS Debtors 14 30.068 67.246 13.457 47.233 43,525 114,479 21,211 6.841 Cash at bank and in hand 97.314 60.690 158,004 28,052 Credltors: Amounts F•lllng Due Wbthln Orte Ye•r 15 18,5771 113,457) 122,0341 116,9671 NET CURRENT ASSETS (LIABILrriES) 88,737 47.233 135,970 11,085 TOTAL AsseTS LESS CURReNT UA8IUTIES 98,513 47,233 145,746 18,600 NET ASSETS 98,513 47,233 145,746 18,600 FUNDS OF THE CHARITY Restricted Funtls Unrestrirted Funds 47,233 98,513 1,161 17.439 TOTAL FUNDS 17 145,746 18,600 For the year ending 31 March 2025 the charitable company was entitled to exemption frt)m audif under section 477 of the Companles Act 2006 relating to small companies. The rnembers have not requlred the charttable company to obtain an audlt In accordarKe with section 476 of the Companles Act 2006. The trustees acknowledge their responsibilities for complying wrth the requlrements of the Act wlth respect to accountlng records and the preparation of accounts. These accounts have been prepared ID actordanee with the provisions applicae tts companies subleLt to the small companles regime. On behaw of the board Mr N Young Trustee 9 December 2025 The notes on pages 11 to 20 form pèrt of these financial statements. Page 10
Citrus Arts Limited Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Citrus Arts Limited Is a company limited by guarantee. incOrrated in Englond & Wales, registered nurnber 07840762 and registered charity nufflber 1188670. The registered office 15 . 2. A¢¢ountlng Poll¢ls 2.1. Bo515 of Preparotion of Finonciol Statements The financial statements have been prepared in accordance wth the Charibes SORP IFRS 1021 "Accounbng and Reporting by Chèrities.. Statement of Recommended Prartice applicable to thèrities preparin9 their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland IFRS 1021 (effective I January 20191. Financial Reporting Stsndard 102 Financiol Reporbng Stsndard applicable in the UK and Republic of IrÈland" and the Companies Art 2006. The charitsble Company is a Fxjbllc Benefit Entyty as lefined by FRS 102. The financlal statements are presented in Sterfing 1£). the tompany's funcbonol tUrnty1 and rounded to the nearest pound. The slgnificant accountlng pollcles applled In the pparatIon gf these finandal ststements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. There have been no material departures from Financial Reporting Stsndard 102. 2.2. Goln9 Concern Dlsclosure No material uncertainties related to events or conditions extst that may cash slgnlficaTht doubt upon the charity's ablllty tc continue as a going concern. The trustee5 are satisfied that based upon financial pro)ections and cashflow management, It is appropria ror the charity s financial statements to be prepared on a going concern basis and have concluded that no adjustments or addltlonal disclosu are to the financlal statements at thls tlme. 2.3. Fund Accountlng Unrestricted funds can be used In attordance wllh the charttable oblertlves at the dlscretion of the trustees. Deslgnated funds comprlse untrie funds that have been set aside by the trustees for a speclflc purpose. Restrlcted funds are to be useo for specific purposes Js laid Oown by the donor. Further explanatlon of the nature and purpose of each fijnd ts Iluded In the Tr)te5 to the financlal staternents. 2.4. In¢omlng Rwur¢s All Incorne is recogn15ed In the Staternent of Financial Activit once the charity has entitlement to the funds, It is probable rhat the income will be ceiVed a1 the amwnt can be measured lIablY. This includes capltal grants. Donations and legacies income includes donations, gifts and grants that provide core funding or a of a general nature are recogn15ed where there is entitlernent. probability of elpt and the amount can be Measu with sufficient relièbility. Such income is onty deferred when the donor SPlfieS it must be used in future attounting PeedS or the donor has Imposed conditions which must be met before the chadty has uncondltlonal entitlement. Income from charitable attivities includes income received under contratt or where entitlement to grant funding is sublect to specific perfomiance conditions. This income is recognised where the is entitlernent, when the recelpt is probable, and the amount can be measure(I reliably. Incorne is deferred when the arTK)vnts r1Ved are in advance of the performance of the service or event to which they relate. Other trading attivities is rÈ¢ognised as the related sÈrvites a provided and the is entitlÈmÈnt. probability of recelpt and the amount can be measured with suffioent reliabil. Income ts deferred when the amounts received are in advance of the delivery of the service or event to which it relates. Investment income is recognised on a receivable bosi5. Page 11
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.5. Resources Expended Liability are recognised as expenditure a5 as there is o legal or construLtive obligation committing the charity to that expenditure, it 15 probable that a trnn5fer OF econornic betlts will be required in seitletnent and the amount of the obligation can be measured reliably. Expenditure is accounted for on an Cru01$ basis and has been classified under headings that aggregate all cost lated to the category. whe costs cannot be direcdy attributed to particular headings, they have been allocated to acbvibes on a basis consistent with the use of resources. Expenditure on charitable artivities cornpri5es those costs incurred by the charity in the delivery of its 4Ctivities and servlces for Its beneficiades. It Includes both costs that can be allocated direcdy to such actlvltles ènd those costs of an Indirect nature to support them. Support costs are those costs that. whilst necessary to deliver an activity. do not themsdves produce of constitute the output of the chantable activity. This includes governarKe costs which a those costs associated with meetsng the constitutional and statutory requirernents of the charity and include the account6ncy fees and costs linked to the strategic management of the charity as well as a proportion of salaries based on an approximatlon of time spent In this area. 2.6. Tonglble flxed Assets and Depreclation Tangible fixed aet5 are measured at cost less accumulated deprecwtion and ony accurnulated impairment losse5. Depreciatiori is provided at rates colcul6ted to wnte off the cost of the fixed o55ets, le55 their estimated residual value, over their expected useful lives on the following bases.. Plant & Machinery 20% on c05t 2.7. Cash and Cash Equlvalents Cash and cash equlvalents are basic flnancial assets aryl inclvtle cash in hand and deposits held at call svith banks, other short-term highly liquid investments that mature in no more than three months from the date of acqulsitlon and are readily convertible to a known arnount of cash with Insignificant risk of charye In value. and bank overdrafts. 2.8. FlnancS•l Instruments The charity only ha5 financial assets and financial liabilities of a kind that qualify as basic financiol Instruments. Baslc flnancial Instruments are initially reeoynised at transaction Val and subseouently meaSUd at thelr settlement value. Debtors Debtors wlth no stated inte1 rate and receivable within one year a recorded at transaction price. Any losses arislng frorn Impairment are recognised in expenditu. Prepayments are valued at the amount prepaid net of any trade discounts due. Credltorl Creditors are recognised ¥Yhere the charity has a psent tsblig)tion resulting From a past event that will probablv result In the transfer of funds to a thlrd party and the amount due to setde the obllgation can be measured or estlrnated reliably. Credltors ore normally recctyjnlsed at thelr settlement amount after allowing for any trade d15count5 due. 2.9. Taxatlon The charity is exempt from tax as all its income Is charitable and applied for chadtable purposes. 3. Income from Donatlons and Le9ades 2025 1024 Unrestrlrted Unrestrlcted fuvbds funds Donations ènd gifts 37 129 4. Income from Charltable Acllvltbe5 2025 Unrestrlrted Restrlcted funds funds Total funds CollabDration intotne= Collaboration income claeS income.. 250 250 .CONTfNUED Page 12
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Cla55es incotne Events income.. 4.605 4.605 Events 52.822 600 53.422 Grants.. Grants Other inwme.. Other income 179.100 183,867 362,967 5.960 5.960 242.737 184,467 427,204 2024 Unrestrlrted Restrlrted funds funds Ttst•l funds Collaboration income.. Collaboration incorne Cla55es income.. Classes income Events income.. %3 963 11.928 11.928 Events Grants.. Grants orher Income.. other Income 38.090 38,090 109,569 109,569 4.180 4,180 55.161 109.569 164.730 Grants. Included above, are as follow$'. 2025 Unrestrlrt*d Re5trlrted fund• Total fund• Interllnk Rcr UK Governrnent Shared Prosperlty Fund CommunSty Grnnl Arts Ccuncil of Wales - Artworkers Arts Council of Wales - Artworkers cost ol living uplift Tesco Community Grants - Artworkers The National Lottery Communlty Fund - People and Places 3 cr Comrnunlty FacS1itles Grant Co-op - Hall activity Art5 Council of W41es - Portfolio Grant Arts Council of Wales - Projett Grant Arts Council of Wales Ty Unnos Welsh Government- Events Sector P05tcode Lottery WWF 61,763 12,4001 61,763 12,4001 14.100 14,100 97.500 97.500 44.080 6,000 28,670 15,000 797 3.000 66,000 Is,000 44,080 6,000 28,670 15,000 797 Hedley Foundation Paul Hamlyn FoundatSon The Foyle Foundation 3.000 66,000 15,000 181,500 168,010 349,510 Page 13
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 Unrestrirted Restrirted fvnds funds Total funds Interlink RCT UK Government Shared Prosperlty FuThJ Communlty Grant Arts Council of Wales - Artworkers Arts Council of Wales - Artworkers c05t of living uplift Te5co Cornmunity Grants - Artworker5 The National Lottery Community FU1- People and Places 3 Rcf Community Facilities Grant Co-op - Hall activity Arts Council of Wales - Portfolio Grant Art5 Council of W41e5 - Projert Grant Arts Councll of Wales - Tr Unnos Welsh Government- Events Sector Postcode Lottery WWF Hedley Foundatlon Pèul Hèmlyn Foundatlon The Foyle Foundatlon 720 720 34,050 41,220 5,479 500 25,940 $40 1,120 34.050 41,220 5,479 500 25.940 540 1,120 109,569 109.569 5. Income from Other Tradlng Actlvltles 2025 2024 Unrestrlrted Unrestrlcted funds funds Hall hlres 1,773 2,578 6. N•t Incom•llExpendltur•l The net incomellexpendlturel Is stated after charylngllcredltlngl: 2025 2024 Bad debts Depreclatlon of tsngible fixed assets- owned Galn/Loss On dlsp05al of tangible fixed assets 4.389 3,711 44 4.389 2,801 Page 14
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 7. Analysis of Expenditure 2025 Artivities undertaken tllrectlv (see note 81 Isee note 91 Support Total The promotion of education and training in artisb¢ perfomiance 289.966 11,902 301,868 2024 Activitie5 ndÈrtaken Support dlrectly costs Isee note 81 Isee note 91 The promotlon of education and training In artistic perfornian 216.698 12.073 228,771 8. Dlr*ct Costs 2025 The promotlon of educatlon and tralnlng In •rt1stlc pertormanc• Fundraising activities.. Advertising, marketirvJ, dlrtct mail and publicity Employee costs.. Wages and Salae$ Employers NI Employer5 pensions- éeff ned corntribution sthemes Travel and subsistence expenses 5ubcontratt costs General admlnlstration.. Hlre and leasing of plant, equlpment and vehlde5 Hlre and leasing of other assets Trainin9 delivered Costumes/propslset costs other production costs Roorn storage and equipment Cornputer 50ftware, tT consumables ar maintenance Lnsurante 4,205 72,131 1,982 1,767 19,989 104.020 1,166 3,600 40,132 14,811 9,419 2,880 502 3.083 967 Data and telecommunicètions costs Printing, postage and stationery Bad debts written off Depreciation.. Depreciation of plènt and machinery 866 4,389 3.711 .CONTLNUED Page IS
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Los5 on disp0541 of tangible fixed a55ets Interest payable.. Bank charges 302 289.966 2024 The promoiion of education and training In artlstlc pertormanc• Fundraising artivities.. Advertlslng, marketlng. dlrert mall and publlclty Employee costs., Wages and salanes Employer5 NI Employers penslons- Oefinetl contrlbutlon schemes Travel and subsisrence expenses Subcontract costs General administratien.. Hlre and lea51ng of other assets Tralnlng delivered Costumeslpropslset costs other produttion costs Roorn storage and equipment Computer software, IT consumables and maintenance Insuranee Dats and telecommunicatio costs Printing. postage and statior*&ry Bad debts written off Depreclation.. Depreciation of plant and machlnery 4.314 64,664 1,598 978 7.642 95,526 3,800 1,315 9.481 9.469 6,994 1,079 1,951 503 174 4,389 2,801 216,698 9. Support Co•ts 2025 The promotlon of education and tralnlng In artistic perforrnènce General admlnistration Governan costs 5,885 6,017 11,902 Page 16
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 The promotion of education and tralnlng In artlstlc performance General administration Governantt costs 7,255 4,818 12,073 10. Independent Examlner's Remuneratlon 2025 2024 Independent examination of the finanool 5totements 2,700 2,985 IL. Staff Cots Staff Costs bvere as follows.. 2025 2024 Wages and 5alanes Social security costs orher pension costs 72,131 1,982 1.767 64,684 1,598 978 75,880 67,260 No employe received employee benefits lextludinj efftpyer pensitin costs} for the reportirv4 period of more than £60,000. 12. Average Nurnber ol Employees Average number of efflployees during the year was.. 4 12024: 41 13. Tangltsle As8•ts Plant & N•¢hinery Cost As at l April 2024 Additions Disposals 19,983 6.016 14.9361 As at 31 Marth 2025 21.063 Depreclatlon As at l April 2024 Provided during the period Di5P05a15 12,468 3,711 14.8921 As at 31 March 2025 11,287 Net Book Value As at 31 March 2025 9,776 As at l April 2024 7,515 Page 17
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 14. Debtors 2025 2024 Due wlthin one year Trade debtors Other debtors 29,246 14,279 3,969 17,242 43,525 21,211 IS. Credltors: Amounts F•lllng Due Wlthln One Ye*r 2025 2024 Trade creditors Other creditors T4Xation and social security Accruals and deferred Income 11.071 6,491 1.772 2.700 12,551 883 548 2.985 22,034 16,967 16. Penslon Commltments The charitable company operote5 o defined contribution ¢40n scheme. The ossets of the scherne are held separately frorn those or rhe charitable company In an independently administe fund. Durlng rhe year the charge to the Statement of ilnanclal attivlties In rEspect of tlefinel cOntbutIOn schemes was £1,767 12024.. É9781. At the balance sheet date contrfbutlO of ÉNIL were due to the fund and are Induded In credltors. 17. Movement In Fund• A• at l Aprll 2024 Asat31 March 2025 Income ExPendIre Transfers Unrestrlcted tunds General.. General unrestricted fund Restrlrted funds Ty Unnos Project Shared Prosperity Fund Narional Lottery Community fund ACW Project Welsh Government- Events Sector P05tcode Lottery 17,439 244,547 1163,2321 12411 98,513 6.CKIO 76.017 14,100 44,680 28.670 15.000 16751 176.2581 115.2611 117,7721 128.6701 5,325 241 1.161 26,908 15,000 Total restrleted funds 1.161 184.467 1138.6361 241 47.233 Total funds 18.600 429.014 1301,8681 145,746 Page 18
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 As at l Aprll 2023 Asat31 Expenditure March 2024 Income Unrestrlcted funds General.. General unrestricted fund Restrlcted funds 5,772 57,868 {46,2011 17,439 The Foyle Foundatlon Comlc Rellef Communlty FUTh1 Sn Wales Artworkers Ty Cerdd Lottery Grant.. Create Ashley Farnily Foundation Citrus Plps Tr Unnos Project Shared Prospenty Fund Lnterlink RCT Community Facilities Grant Hall Attivity Natlonal Lottery Community fund 9.630 12.493 7,047 1.800 6.055 3.608 33.529 19.6301 112.4931 154,2461 11,8001 16,0551 13,6081 133.5291 (34,0501 17201 15401 11,1201 124.7791 47,199 34,050 720 540 1.120 25,940 1,161 Totsl re•trlrted fund• 74.162 109.569 1182,5701 1,161 Totsl fund• 79.934 167.437 1228.7711 18,600 The Foyle Foundatlon A grant of E15,000 was received in the prior year as <litional support against speofied budgeted costs, Com1¢ Rellef Communlty Fund In W•les Administered by Wales Council for Voluntary Action IWCVA}. as part of Third Se¢tc*r Support Wales {TSSWI. on behalf gf Comlc Relief. Grant funding ef £30,562 was reived in the prior year. Artworker• Funding was recelved durlng the prtor year from the Prirtipality funt1 E4.800 and the National Lottery Awards For All Wales fund £9,980. Of this. an amount of £7,047 was bmught forward to this year. New Artworkers funding of £47,199 was received In this year frorn.. Arts Council of Wales- Artworkers grant- £41.220 Arts Council of Wales- Artworkers c05t of living uplift - £5,479 Tesco Community Grants -Artworkers - £500 Ty Cerdd Lottery Gr•nts: Cre•t¢ Funding of £1,800 syas received in the prior year as a contribution towavds the Cweatelcreu prolert. Cltrus Plps Funding of £4,697 ¥Yas received In the prior year from the Assura Community FuTrJ Grants for Wales a5 contribution towards rebuilding Citrus Pips, ¥York s¥ith young people. Ty Unn05 Projert Funding of £4D,002 was receivÈd in the prior year from Arts Countil Wales to fund the mounting of a community Outdoor arts spettacle explorlng issues connerted wlth home. Interllnk Funding of £720 was received in the year via Rcf AubJmTrlWinter Small grants scheme. This fijnding was fully spent. RCT Communities Facilities grant Funding of £540 was received under this sthetne and fully spert in the year. Hall adivity Funding of £1,120 syas received from the Co-op towèrds hall adivity- This funding was fully spent in the year. ..CONTtNUED Page 19
Citrus Arts Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 17. Movement In Funds- tontlnued Shore£l Prosperity Fund The UK Shared Prosperity Fund 15 a ientral pillar of the UK Govemmenvs Levelling Up agenda. The fund aim5 to improve pride In places and increase life changes. New hjnding of £34,050 was received this year. Natlonal Lottery Communlty Fund New funding was obtained this year for People and Places 3 National Lottery Funding. The project enabled the organisation to provide sub5idi5ed corntnunity activitie5 and se5510n5 for young people and farnilie5, to provide hot desk facility for two day5 per week for those Yéorking from home to use the hall. provide vlami hub fatslits for home educated children, communlty members and community groups. Prior year only The Clock Goes Forward During the year, a final grant In5ts1rnent of £2,999 w69 received for the final stages of this prt)jert. a projert to celebrate Pontypridd and it's community. This was fully spent in this year. Lottery Community Fund Funding received In previous year toward5 a progrdmme of take-part artivities and cornmunity mn5ultation around the Hopkinstown Hall. This Includeé worksh<>ps. talks and performances. The final expenditure on the project Vlas completed In 2022123. Hall Programme Funding was ceiVed from the following fundefs towards our Hall progrnmme of activities: Arnold Clat Cornrnunity Fund £1,000, Postcode Comfflunity Trust Magic Little Gr4nt £500. Western Power Distribution £9.040 and Tdva1115 Comrnunity Investment fuTrJ Él,l)00. Thts ¥rfas lully spent in 2022-23. Bulneis De¥ltspm¢nt gr•nt Funding of £10,000 was received from Arts Counol Wales as a contributyon towards $trawy and development works. Thls was fully spent In 2022.23. Shared Prosperlty Fund The UK Shared Prosperity Fund Is a centrnl pillor of the UK Govemmenvs Levelling Up agenda. The fijnd olms to lrnprove pride in places and increase life thanges. Funding of £13,938 was received and fvlly spent In 2022-23. Interllnk Grant funding of £500 wa$ receivel In 2022-23 as support ror ctynmunity-kd oryanlsabons to deliver activities. Thls funding was fully spent. 18. Tronsactlons wlth Tru•t•e• None of the trustees received any remuneration or any other beTrefts from an employment wlth the charfty or è related entity dudng the oJrrent or previous year. No trustee expenses have been IrKurred. 19. Rel4ted Party Dl•closur¢• There have been no lated party transarti{* in the retX)rting period that Nui Oisck)sure. 20. Company Ilmlted by guarantee The cornpany is lirnited by guarantee and has Do share capitsl. Every member of the company undertakes to coniritsjte to the assets of the compaTryi in the event of a wlndlng Upi such an amount a5 fflay be required not exceeding Él. Page 20