CWMNI PLAS GLYN'Y-WEDDW LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £457,729 for the year, with total funds increasing to £3,750,296. However, the trustees report that free reserves were £61,373, which is below their stated policy target of approximately £232,277 (six months of core expenditure). The charity relies on significant grant funding from the Welsh Government and Arts Council of Wales to support its capital and revenue activities.
What the accounts disclose
“The trustees therefore consider the target reserve to be an amount sufficient to cover its core charitable expenditure for six months. Based on the current year's figures this is approximated as being a sum of around £232,277”
“During the year ended 31 March 2018 a loan of £126,627 was received from the John Andrews Charitable Trust, a charity in which one of the trustees of this company is also a trustee. The balance outstanding on 31 March 2024 was £95,116 (2023: £100,210). Interest is charges on the loan at 2% above the Bank of England base rate.” — page 39
“Also, during the year, donations without significant conditions attached totalling £50,000 (2023: £86,043) were received from organisations in which certain trustees of the company were also trustees.” — page 39
“During the year ended 31 March 2018 a loan of £126,627 was received from the John Andrews Charitable Trust, a charity in which one of the trustees of this company is also a trustee. The balance outstanding on 31 March 2024 was £95,116 (2023: £100,210). Interest is charges on the loan at 2% above the Bank of England base rate.” — page 39
“Also, during the year, donations without significant conditions attached totalling £50,000 (2023: £86,043) were received from organisations in which certain trustees of the company were also trustees.” — page 39
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (24/03/2021)
Trustees
- MR JB JONESchair
- CHRISTOPHER RICHARD MCGREGOR CHOWN
- Elizabeth Mary Rickards
- Gwenan Hughes Williams
- Ieuan Wyn Jones
- John Dilwyn WILLIAMS
- Karen Jones
- Lowri-Ann Richards
- Mary Wynne Finch
- Rhian Harris
- SUSAN JENNIFER WOOD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.3m |
| 31/03/2024 | £1.6m | £1.1m |
| 31/03/2023 | £918k | £938k |
| 31/03/2022 | £1.5m | £828k |
| 31/03/2021 | £1.1m | £623k |
Common questions
Is CWMNI PLAS GLYN'Y-WEDDW LIMITED financially healthy?
The accounts state that the charity generated a net income of £457,729 for the year, with total funds increasing to £3,750,296. However, the trustees report that free reserves were £61,373, which is below their stated policy target of approximately £232,277 (six months of core expenditure). The charity relies on significant grant funding from the Welsh Government and Arts Council of Wales to support its capital and revenue activities. Its FY2024 accounts were audited by Emyr Mortimer Archwilwyr Cyf.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 13/12/2007 | £50k | "Living on the View - Llyn Coastal Heritage Project" |