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REGISTERED COMPANY NUMBER: 02218712 (England and Wales)

REGISTERED CHARITY NUMBER: 700947















Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2024

for


Criccieth Arts Association
Cymdeithas Celfyddydau Criccieth


Criccieth Arts Association

Cymdeithas Celfyddydau Criccieth







Contents of the Financial Statements

for the Year Ended 30 September 2024






Page



Report of the Trustees  

1


to


2


Statement of Financial Activities  

3



Balance Sheet  

4


to


5


Notes to the Financial Statements  

6


to


9


Criccieth Arts Association (Registered number: 02218712)

Cymdeithas Celfyddydau Criccieth


Report of the Trustees

for the Year Ended 30 September 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).


OBJECTIVES AND ACTIVITIES

Objectives and aims

The advancement of public education in the musical and visual arts in North Wales and to promote and foster the appreciation and understanding of music and art in all its aspects.

Significant activities

The charity operates an annual arts and musical festival in Criccieth in June each year.

Public benefit

The trustees consider that the annual festival improves access locally to culture and the arts.

Volunteers

The charity relies on the support of volunteers to man the box office and all other activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


Recruitment and appointment of new trustees

The trustees who are also directors of the company are deputed to fill casual vacancies as and when required.

Organisational structure

The charity is governed by the Chairman,Secretary and three trustees.

Induction and training of new trustees

New trustees are briefed on their responsibilities when attending board meetings.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02218712 (England and Wales)


Registered Charity number

700947


Registered office

1 Thomas Buildings

New Street

Pwllheli

Gwynedd

LL53 5HH


Trustees

Mrs J C Gloster

P George

Ms M Chantler

M T Hine

Mrs M L Eckstein


Company Secretary

Mrs J C Gloster


Criccieth Arts Association (Registered number: 02218712)

Cymdeithas Celfyddydau Criccieth


Report of the Trustees

for the Year Ended 30 September 2024



Approved by order of the board of trustees on 15 May 2025 and signed on its behalf by:






M T Hine - Trustee


Criccieth Arts Association

Cymdeithas Celfyddydau Criccieth


Statement of Financial Activities

for the Year Ended 30 September 2024



30.9.24


30.9.23


Unrestricted


Total


fund


funds


Notes

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

559


56



Other trading activities

2

16,545


18,903


Investment income

3

1,242


498


Total

18,346


19,457



EXPENDITURE ON

Raising funds

1,673


1,376



Charitable activities

Festival

11,665


19,631


Total

13,338


21,007



NET INCOME/(EXPENDITURE)

5,008


(1,550

)



RECONCILIATION OF FUNDS

Total funds brought forward

59,062


60,612



TOTAL FUNDS CARRIED FORWARD

64,070


59,062



Criccieth Arts Association (Registered number: 02218712)

Cymdeithas Celfyddydau Criccieth


Balance Sheet

30 September 2024



30.9.24


30.9.23


Unrestricted


Total


fund


funds


Notes

£   

£   


CURRENT ASSETS


Cash at bank

64,502


59,482



CREDITORS


Amounts falling due within one year

7

(432

)

(420

)


NET CURRENT ASSETS

64,070


59,062



TOTAL ASSETS LESS CURRENT

LIABILITIES

64,070


59,062



NET ASSETS

64,070


59,062


FUNDS

8

Unrestricted funds

64,070


59,062


TOTAL FUNDS

64,070


59,062



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Criccieth Arts Association (Registered number: 02218712)

Cymdeithas Celfyddydau Criccieth


Balance Sheet - continued

30 September 2024


These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 15 May 2025 and were signed on its behalf by:






M T Hine - Trustee






P George - Trustee


Criccieth Arts Association

Cymdeithas Celfyddydau Criccieth


Notes to the Financial Statements

for the Year Ended 30 September 2024


1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.



Income


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.



Expenditure


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



Taxation

The charity is exempt from corporation tax on its charitable activities.


Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.

OTHER TRADING ACTIVITIES


30.9.24


30.9.23

£   

£   



Ticket sales-festival

9,345


11,703




Sponsorships

7,200


7,200



16,545


18,903





Criccieth Arts Association

Cymdeithas Celfyddydau Criccieth


Notes to the Financial Statements - continued

for the Year Ended 30 September 2024


3.

INVESTMENT INCOME


30.9.24


30.9.23

£   

£   



Deposit account interest

1,242


498




4.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




30.9.24


30.9.23

£   

£   



Grants to institutions

350


250




5.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.



Trustees' expenses


There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.


6.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


fund

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

56




Other trading activities

18,903



Investment income

498



Total

19,457




EXPENDITURE ON


Raising funds

1,376




Charitable activities


Festival

19,631



Total

21,007




NET INCOME/(EXPENDITURE)

(1,550

)




RECONCILIATION OF FUNDS


Total funds brought forward

60,612




TOTAL FUNDS CARRIED FORWARD

59,062



Criccieth Arts Association

Cymdeithas Celfyddydau Criccieth


Notes to the Financial Statements - continued

for the Year Ended 30 September 2024


7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


30.9.24


30.9.23

£   

£   



Accrued expenses

432


420




8.

MOVEMENT IN FUNDS


Net




At


movement


At



1.10.23


in funds


30.9.24


£   

£   

£   



Unrestricted funds


General fund

59,062


5,008


64,070





TOTAL FUNDS

59,062


5,008


64,070





Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

18,346


(13,338

)

5,008





TOTAL FUNDS

18,346


(13,338

)

5,008






Comparatives for movement in funds



Net




At


movement


At



1.10.22


in funds


30.9.23


£   

£   

£   



Unrestricted funds


General fund

60,612


(1,550

)

59,062





TOTAL FUNDS

60,612


(1,550

)

59,062





Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

19,457


(21,007

)

(1,550

)




TOTAL FUNDS

19,457


(21,007

)

(1,550

)



Criccieth Arts Association

Cymdeithas Celfyddydau Criccieth


Notes to the Financial Statements - continued

for the Year Ended 30 September 2024


8.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined position is as follows:



Net




At


movement


At



1.10.22


in funds


30.9.24


£   

£   

£   



Unrestricted funds


General fund

60,612


3,458


64,070





TOTAL FUNDS

60,612


3,458


64,070





A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

37,803


(34,345

)

3,458





TOTAL FUNDS

37,803


(34,345

)

3,458




9.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 30 September 2024.