2021-03-31-accounts

						Page
Trustees' annual report (incorporating			the	director's	report)
Independent examiner's report to the			trustees
Statement offinancial	activities	(including		income and
expenditure account)
Statement of financial	position					10
Notes to the financial	statements					12

Registered		charity	name	name	Stiwt Arts Trust Limited
Charity registration			number		1000243
Company	registration			number	3325921
Principal office and			registered		Stiwt Theatre
office					Broad Street
					Rhosllanerchrugog
					Wrexham
					LL14 1RB
The Trustees
					Mr G V Thomas
					Mr M Davies
					Mrs SA Bowen
					Mr M A Edwards
					Mr A R Roberts
					Mr BJones
					Mr DJ Cupit
					Mrs K M Bartlett		(Resigned 25 April 2021)
					Mr D TJones
					Ms L A Cleary
					Ms S EJones
Company	Secretary				Mr A R Roberts
Independent		Examiner			Mr A H Thomas FCA
					First Floor
					Pembroke House
					Ellice Way
					Wrexham Technology	Park
					Wrexham
					LL13 7YT

						2021		2020
					Unrestricted	Restricted
				Note	funds 6	funds f	Total funds	Total funds F
Income and endowments
Donations and legacies				5	145,835	28,884	174,719	115,103
Other trading activities				6	9,077		9,077	190,048
Total income					154,912	28,884	183,796	305,151
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies				7	7,622		7,622	12,617
Expenditure on charitable	activities			8,9	(119,961)	(78,280)	(198,241)	(355,063)
Total expenditure					127,583	78,280	205,863	367,680
Net expenditure and net	movement		in
funds					27,329	(49,396)	(22,067)	(62,529)
Reconciliation offunds
Total funds brought forward					(11,183)	1,452,821	1,441,638	1,504,168
Total funds carried forward					16,146	1,403,425	1,419,571	1,441,639

31 March 2021
				2021		2020
			Note	5		f
Fixed Assets
Tangible fixed assets			15		1,502,033		1,550,892
Current Assets
Stocks			16	200		1,000
Debtors			17	16,866		27,079
Cash at bank and in hand				42,536		13,100
				59,602		41,179
Creditors: amounts	falling	due
within one year			18	64,669		66,870
Net Current Liabilities					5,067		25,691
Total Assets Less Current		Liabilities			1,496,966		1,525,201
Creditors: amounts	falling	due after
more than one year			19		77,395		83,562
Net Assets					1,419,571		1,441,639
Funds ofthe Charity
Restricted funds					1,403,425		1,452,822
Unrestricted funds					16,146		(11,183)
Total charity funds			22		1,419,571		1,441,639

Donations	and legacies
		Unrestricted	Restricted	Total	Funds
		Funds F	Funds f		2021 6
Donations
Donations	from Friends ofthe Stiwt
Other Donations		2,614			2,614
Donations	—Clock Fund		1,250		1,250
Grants
Grants Received		97,450	27,634	125,084
Covid grants received		16,000			16,000
HMRC Job Retention Scheme		29,771			29,771
		145,835	28,884	174,719
		Unrestricted	Restricted	Total	Funds
		Funds f	Funds f		2020
Donations
Donations	from Friends ofthe Stiwt	28,000			28,000
Other Donations		9,713			9,713
Donations	- Clock Fund		12,109		12,109

Donati	ons and legacies (cuurruuur9
		Unrestricted	Restricted	Total Funds
		Funds f	Funds f	2020 6
Grants
Grants	Received	47,017	18,264	65,281
Covid	grants received
HMRC	Job Retention Scheme
		84,730	30,373	115,103

					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds 6	2021 6	Funds f	2020 f
Sale ofTheatre			Tickets				126,722	126,722
Theatre Hire							26,396	26,396
Catering	and	BarSales					12,099	12,099
Sundry Income							427	427
Room &	Facilities Hire				9,077	9,077	24,404	24,404
					9,077	9,077	190,048	190,048
Costs of	raising donations			and legacies
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds f	2021 f	Funds f	2020 f
Coffee shop		and Bar costs			7,622	7,622	12,617	12,617
Expenditu	re	on charitable		activities	by fund type
						Unrestricted	Restricted	Total Funds
						Funds 6	Funds f	2021 f
Stiwt Running			Costs			63,395	50,646	114,041
Technical	Crew					400		400
Supportcosts						56,166	27,634	83,800
						119,961	78,280	198,241
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2020
						f	f
Stiwt Running			Costs			189,888	60,638	250,526
Technical	Crew					8,830		8,830
Supportcosts						77,443	18,264	95,707
						276,161	78,902	355,063

Expenditure	on charitable ac	tivities by activity type
		Activities
		undertaken	Support	Total funds	Total fund
		directly	costs	2021	2020
		E	F	E	E
Stiwt Running	Costs	114,041	80,749	194,790	337,165
Technical Crew		400		400	8,830
Governance	costs		3,051	3,051	9,068
		114,441	83,800	198,241	355,063

									Stiwt
									Running
									Costs	Total 2021	Total2020
									E		E
	Staff costs								56,283	56,283	50,759
	General office								24,466	24,466	35,880
	Finance costs								3,050	3,050	9,069
									83,799	83,799	95,708
11.	Net expenditure
	Net expenditure			is stated		after charging/(crediting):
										2021	2020
											E
	Depreciation	oftangible			fixed assets					57,269	56,865
12.	Independent		examination			fees
										2021	2020
										E	F
	Fees payable		to	the independent			examiner	for:
	Independent	examination				ofthe financial statements				1,500	1,450
13.	Staff costs
	The total staff		costs and		employee		benefits	for the reporting	period are	analysed as	follows:
										2021	2020
										E	E
	Wages and salaries									62,775	65,745
	Employer contributions				to	pension	plans			727	587
										63,502	66,332

						2021		2020
						No.		No.
Number	of	theatre staff					1	1
Number	of	bar staff					1	1
Number	of	administrative		staff			1	1
Number	of	management	staff				1	1
Number	of	caretaking and		cleaning	staff		1	1
							5	5

No remuneration or other benefits trustees. Tangible fixed assets	from employment with the ch	arity were rece	ived by the
		Freehold
		Building &
		Development
	Fixtures and	of Leasehold
	fittings f	Property	Total f
Cost
At 1 Apr 2020 Additions	339,860 8,410	2,557,162	2,897,022 8,410
At 31 Mar 2021	348,270	2,557,162	2,905,432
Depreciation
At 1 Apr 2020	307,438	1,038,692	1,346,130
Charge for the year	6,125	51,144	57,269
At 31 Mar 2021	313,563	1,089,836	1,403,399
Carrying amount
At 31 Mar 2021	34,707	1,467,326	1,502,033
At 31 Mar 2020	32,422	1,518,470	1,550,892

16.	authority woul Stocks	d renew	or continue lease with the company for the n	ext 25 years.
				2021 f	2020 f
	Raw materials	and consumables		200	1,000
17.	Debtors
				2021	2020
	Trade debtors			15,385	473
	Prepayments	and accrued income		1,085	1,122
	Other debtors			396	25,484
				16,866	27,079
18.	Creditors: amounts		falling due within one year
				2021	2020
				5
	Bank loans and overdrafts			4,124	4,040
	Trade creditors			23,794	31,801
	Accruals and	deferred	income	6,161	6,264
	Social security	and other taxes		590	4,765
	Trustees' loan	accounts		30,000	20,000
				64,669	66,870
19.	Creditors: amounts		falling due after more than one year
				2021 5	2020 f
	Bank loans and overdrafts			77,395	83,562

Government	grants
The amounts	recognised	in the financial statements for		government	grants are as follows:
					2021		2020
					6		E
Recognised	in income from donations		and legacies;
Government	grants income				16,000
Analysis of	charitable	funds
Unrestricted	funds
			At				At
			1 Apr 2020 f	Income f	Expenditure f	31 Mar 2021 f
General funds			(11,183)	154,912	(127,583)		16,146
			At				At
			1 Apr 2019 f	Income 5	Expenditure f	31 Mar 2020 f
General funds			2,817	274,778	(288,778)	(11,183)
Restricted funds
			At				At
			1 Apr 2020 f	Income f	Expendituref	31 Mar 2021 F
Stiwt Refurbishment			1,445,489	1,250	(49,613)	1,397,126
Arts Council	ofWales			27,634	(27,634)
Friends ofStiwt			79		(12)		67
AVOW			1,657		(249)		1,408
Gory Grant			931		(216)		715
Rhos C C			393		(59)		334
Seren Nadolig			2,001		(156)		1,845
Groundwork			2,271		(341)		1,930
			1,452,821	28,884	(78,280)	1,403,425
			At				At
			1 Apr 2019 F	Income f	Expendituref	31 Mar 2020 f
Stiwt Refurbishment			1,492,804	12,109	(59,423)	1,445,490
Arts Council	ofWales			18,264	(18,264)
Friends of Stiwt			93		(14)		79
AVOW			1,949		(292)		1,657
Gory Grant			1,186		(255)		931
Rhos C C			462		(69)		393
Seren Nadolig			2,185		(184)		2,001
Groundwork			2,672		(401)		2,271
			1,501,351	30,373	(78,902)	1,452,822

23.	Analysis	ofn	et asse	ts b	etw	ee	n funds
												Unrestricted		Restricted		Total Funds
													Funds		Funds		2021
													f		f
	Tangible	fixed	assets										98,607	1,403,426		1,502,033
	Current assets												59,602				59,602
	Creditors	less	than 1	year									(64,669)				(64,669)
	Creditors	greater than		1 year									(77,395)				(77,395)
	Net assets												16,145	1,403,426		1,419,571
												Unrestricted		Restricted		Total Funds
													Funds		Funds		2020
															f
	Tangible	fixed	assets										98,070	1,452,822		1,550,892
	Current assets												41,179				41,179
	Creditors	less	than 1	year									(66,870)				(66,870)
	Creditors	greater than		1 year									(83,562)				(83,562)
	Net assets												(11,183)	1,452,822		1,441,639
24.	Financial	instruments
	The carrying amount			for each		category of		financial		instrument			is as follows:
															2021 6		2020 f
	Financial	assets that are debt instruments							measured			at	amortised	cost
	Financial	assets that are debt				instruments		measured			at	amortised
	cost														58,317		39,058
	Financial	liabilities measured					at amortlsed		cost
	Financial	liabilities measured				at amortised		cost							111,475		125,667
25.	Operating	lease commitments
	The total	future	minimum		lease		payments	under non-cancellable operating							leases	are as	follows:
															2021 f		2020 F
	Not later than		1 year												1,028		1,028
	Later than	1 year and		not	later than 5years										1,476		2,504
															2,504		3,532