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|||||||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|
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|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|||
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|||||||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|
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|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|
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|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|
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|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|
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||||||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|
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|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|
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||||||||||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|
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|||||||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|
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|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|
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|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|
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|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||
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|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|
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