TY CERDD - MUSIC CENTRE WALES
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £16,533 for the year ended 31 March 2024, resulting in a decrease in total reserves from £271,897 to £255,364. The trustees' report indicates that free unrestricted reserves stood at £79,374, which the charity considers sufficient to meet immediate liabilities and future commitments. The auditor confirmed that the charity is a going concern with no material uncertainties identified.
What the accounts disclose
“It is the policy of the charity to hold sufficient reserves to meet all immediate liabilities and costs associated with any known future commitments.” — page 9
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (15/04/2025)
- Received assets from another charity (14/02/2023)
- Received assets from another charity (07/03/2016)
Trustees
- Rachel Kathleen Ford-Evanschair
- Amruta Garud
- Christina Macaulay
- Claire Louise Foster
- Gareth Francis Churchill
- Harriet Elizabeth Wybor
- Litang Shao
- Niamh O'Donnell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £709k | £688k |
| 31/03/2024 | £556k | £573k |
| 31/03/2023 | £579k | £552k |
| 31/03/2022 | £590k | £554k |
| 31/03/2021 | £502k | £440k |
Common questions
Is TY CERDD - MUSIC CENTRE WALES financially healthy?
The accounts state that the charity reported a net expenditure of £16,533 for the year ended 31 March 2024, resulting in a decrease in total reserves from £271,897 to £255,364. The trustees' report indicates that free unrestricted reserves stood at £79,374, which the charity considers sufficient to meet immediate liabilities and future commitments. The auditor confirmed that the charity is a going concern with no material uncertainties identified. Its FY2024 accounts were audited by HSJ Audit Limited.
Who funds TY CERDD - MUSIC CENTRE WALES?
Funders whose own accounts filings name TY CERDD - MUSIC CENTRE WALES as a grant recipient include JERWOOD FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| JERWOOD FOUNDATION | FY2024 | £36k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MAYFIELD VALLEY ARTS TRUST | 1 | £45k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £15k |
| THE HEADLEY TRUST | 1 | £10k |
| DEVELOPMENTS IN LITERACY UK (UK) | 1 | £10k |
| OVINGDEAN HALL FOUNDATION | 1 | £6k |
| DAVID LAING FOUNDATION | 1 | £5k |
| THE R C SNELLING CHARITABLE TRUST | 1 | £5k |