## |||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| ||||ch
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0O| ## |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|