| Page | ||
|---|---|---|
| Trustees report | 1-7 | |
| Independent examiner's |
report | |
| Statement offinancial activities |
10 | |
| Balance sheet | ||
| Statement ofcash flows | 12 | |
| Notes to the financial statements | 13-24 |
| Registered | charity name | charity name | Gwent Ballet | Theatre | Theatre | Limited | Limited |
|---|---|---|---|---|---|---|---|
| Also known | as | Independent | Ballet Wales | ||||
| Ballet Cymru | |||||||
| Registered | charity number | 1000855 | |||||
| Registered | company | number | 02535169 | ||||
| Registered | office | Ballet Cymru | |||||
| Unit 1 |
|||||||
| Warn Trading | Estate | ||||||
| Rogerstone | |||||||
| Newport | |||||||
| South Wales | |||||||
| NP10 9FQ | |||||||
| Trustees/Dire ctom | JAngharad | (Chair) | |||||
| J D Greenidge | |||||||
| SE Bradley | (Vice Chair) | ||||||
| G Rees (Resigned 5 December 2022) | |||||||
| CJBatt | |||||||
| H Beadswoith | (Appointed | 25/04/22) | |||||
| EJones (Appointed | 25/04/22) | ||||||
| Company Secmtary | DJWilliams | ||||||
| Chief Executive Officer/Director | DJ Williams | ||||||
| Bankers | Lloyds Bank | pic | |||||
| 42 Commercial | Street | ||||||
| Newport | |||||||
| South Wales | |||||||
| NP19 1WX | |||||||
| NatWest Bank | |||||||
| 19Cardiff Road | |||||||
| Caerphilly | |||||||
| CF839FQ | |||||||
| Independent | examiner | Sarah Case | FCA DChA | ||||
| Azets Audit Servies | |||||||
| Ty Derw | |||||||
| Lime Tree Court | |||||||
| Cardiff Gate | Business Park | ||||||
| Cardiff | |||||||
| CF23 8AB |
| Unrestricted | Restricted | Total Unrestricted | Total Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| Notes | 2022 f |
2022f | 2022 f |
2021 f |
2021f | 2021f | ||
| laggmafmn; | ||||||||
| Donations and legacies |
3 | 26,844 | 26,844 | 41,452 | 41,452 | |||
| Charitable activities |
4 | 357,943 | 268,086 | 626,029 | 302,409 | 367,544 | 669,953 | |
| Other trading activities |
5 | 3,744 | 3,744 | (851) | (851) | |||
| Investments | 6 | 185 | 185 | 357 | 357 | |||
| Total income | 388,716 | 268,086 | 656,802 | 343,367 | 367,544 | 710,911 | ||
| E8gfnfllhitaSu; | ||||||||
| Charitable activities |
7 | 495,275 | 214,620 | 709,895 | 264,981 | 262,916 | 527,877 | |
| Gross transfers | between | |||||||
| funds | (500) | 500 | ||||||
| Net (expenditure)/income | for | |||||||
| the yearl | ||||||||
| Net movement | in funds | (106,559) | 53,466 | (53,093) | 77,906 | 105,128 | 183,034 | |
| Fund balances | at 1 April | 2021 | 196,210 | 700,582 | 896,772 | 118,304 | 595,434 | 713,738 |
| Fund balances | at 31 Idarch | |||||||
| 2022 | 89,651 | 754,028 | 843,679 | 196,210 | 700,562 | 896,772 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | f | 5 | |||||||
| Cash flows from operating | activities | ||||||||
| Cash (absorbed | by)/generated | from | 20 | ||||||
| operations | (145,347) | 262,811 | |||||||
| Investing | activities | ||||||||
| Investment | income received | 185 | 357 | ||||||
| Net cash | generated from |
investing | |||||||
| activities | 185 | 357 | |||||||
| Net cash | used | in financing | activities | ||||||
| Net (decrease)/increase | in | cash and cash | |||||||
| equivalents | (145,162) | 263,168 | |||||||
| Cash and | cash | equivalents | at beginning | ofyear | 445,965 | 182,797 | |||
| Cash and | cash | equivalents | at end of | year | 300,803 | 445,965 |
| 3 | Donations | and legacies | and legacies | ||
|---|---|---|---|---|---|
| Unresbicted | Total | ||||
| funds | |||||
| 2022 | 2021 | ||||
| 6 | 2 | ||||
| Donations | 580 | 246 | |||
| HMRC Theatre Tax Relief | 26,264 | 41,206 | |||
| 26,844 | 41,452 | ||||
| 4 | Charitable | activities | |||
| 2022 | 2021 | ||||
| 2 | 5 | ||||
| Performances | T,eee | 12,926 | |||
| Education | 94,906 | 22,131 | |||
| Grants | 523,238 | 634,896 | |||
| 626,029 | 669,953 | ||||
| Analysis by fund |
|||||
| Unrestricted | funds | 357,943 | 302,409 | ||
| Restricted | funds | 268,086 | 367,544 | ||
| 626,029 | 669,953 | ||||
| Forthe year | ended 31March 2021 | ||||
| Unrestricted | funds | 302,409 | |||
| Restricted | funds | 367,544 | |||
| 669,953 |
| 5 | Other trading activities | Other trading activities | ||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2622 | 2021 | |||
| 6 | f | |||
| Workshops | and t-shirts | 3,744 | (851) |
| 6 | Investments | ||||
|---|---|---|---|---|---|
| Unresbicted | Unrestricted | ||||
| funds | funds | ||||
| 2022f | 2021 | ||||
| Interest receivable | 185 | 357 | |||
| 7 | Charitable activities |
||||
| 2022f | 2021f | ||||
| Staff costs | 186,175 | 161,565 | |||
| Depreciation | 12,345 | 17,372 | |||
| Performances | 299,119 | 163,089 | |||
| Subscriptions | 3,161 | 1,092 | |||
| Accountancy and other services |
3,940 | 3,714 | |||
| Advertising and marketing |
59,872 | 26,058 | |||
| Repairs and rates | 54,207 | 109,628 | |||
| Administrative | costs | 11,267 | 11,323 | ||
| Insurance | 4,429 | 4,476 | |||
| Vehicle costs | 10,692 | 858 | |||
| Other projects | 55,029 | 18,351 | |||
| Travel and subsistence | 8,709 | 2,361 | |||
| COVID 19specific expenditure | 7,340 | ||||
| 708,945 | 527,227 | ||||
| Share ofgovernance | costs (see note 9) | 950 | 650 | ||
| 709,895 | 527,877 | ||||
| 8 | Net movement | in funds | 2022f | 2021f | |
| Net movement | in funds is stated after charging/(crediting) | ||||
| Depreciation ofowned |
tangible fixed assets | 12,345 | 17,372 |
| 9 | Support | costs | costs | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2022Support | costs | Governance | 2021 | ||||
| costs | costs | costs | |||||||
| 8 | E | f | 8 | F | |||||
| Independent | examination | ||||||||
| fees | 950 | 950 | 650 | 650 | |||||
| 950 | 950 | 650 | 650 | ||||||
| Analysed | between | ||||||||
| Charitable | activities | 950 | 950 | 650 | 650 |
| 2022 | 2021 | ||
|---|---|---|---|
| Number | Number | ||
| Production staff |
|||
| Administration | staff | ||
| Employment | costs | 2022 | 2021 |
| 9 | 8 | ||
| Wages and salaries | 169,760 | 147,004 | |
| Social secudty | costs | 12,015 | 10,315 |
| Other pension | costs | 4,400 | 4,247 |
| 186,175 | 161,565 |
| 2022 | 2021 |
|---|---|
| 8 | 8 |
| 113,425 | 113,455 |
| 14 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Freehold | aqolpmant | Total | |||
| property | |||||
| 5 | |||||
| Cost | |||||
| At 1 April 2021 | 601,854 | 48,151 | 650,005 | ||
| At 31 March 2022 | 601,854 | 48,151 | 650,005 | ||
| Depreciation and impairment |
|||||
| At 1 April 2021 | 71,845 | 46,110 | 117,955 | ||
| Depreciation charged |
in the year | 12,039 | 306 | 12,345 | |
| At 31 March 2022 | 83,884 | 46,416 | 130,300 | ||
| Canying amount |
|||||
| At 31 March 2022 | 517,970 | 1,735 | 519,705 | ||
| At 31 March 2021 | 530,008 | 2,040 | 532,048 | ||
| 15 | Debtors | ||||
| 2022 | 2021 | ||||
| Amounts falling due |
within one year: | f | |||
| Other debtors | 33,859 | 1,525 | |||
| Prepayments and accrued income |
1,319 | 1,215 | |||
| 35,178 | 2,740 |
| 16 | Creditors: amounts | falling due within one year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 8 | ||||
| Accruals and deferred | income | 12,007 | 83,981 |
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| 21 | Analysis ofnet assets | between | between | funds | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||
| funds | funds | ||||||||
| 8 | 5 | ||||||||
| Fund balances at 31 March 2022 | are represented | by: | |||||||
| Tangible assets | 519,705 | 519,705 | |||||||
| Current assets/(liabilities) | 89,651 | 234,323 | 323,974 | ||||||
| 89,651 | 754,028 | 843,679 | |||||||
| 22 | Analysis ofnet assets | between | funds - previous year | ||||||
| Unrestricted | Restricted | Total | |||||||
| funds | funds | ||||||||
| 6 | 8 | 8 | |||||||
| Fund balances at 31 March 2021 | are represented | by: | |||||||
| Tangible assets | 532,048 | 532,048 | |||||||
| Current assets/(liabilities) | 196,210 | 168,514 | 364,724 | ||||||
| 196,210 | 700,562 | 896,772 | |||||||
| 20 | Cash generated from |
operations | 2022 | 2021 | |||||
| 5 | E | ||||||||
| (Deficit)/surpus for the year |
(53,093) | 183,034 | |||||||
| Adjustments for: |
|||||||||
| Investment income recognised |
in | statement | offinancial | activities | (185) | (357) | |||
| Depreciation and impairment oftangible fixed assets |
12,345 | 17,372 | |||||||
| Movements in working |
capital: | ||||||||
| (Increase)/decrease in |
debtors | (32,440) | 6,119 | ||||||
| (Decrease)/increase in |
creditors | (71,974) | 81,643 | ||||||
| (Decrease) in deferred | income | (25,000) | |||||||
| Cash (absorbed by)/generated |
from operations | (145,347) | 262,811 |