2021-03-31-accounts - Theatr Brycheiniog Cyf

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			Page
Reference and Administrative	Information
Report ofthe Trustees
Report ofthe Auditors
Statement ofFinancial Activities
Balance Sheet			12
Statement ofCash Flows			13
Notes to the Financial Statements			14
Detailed Income and Expenditure		Account	23

for the year ended 31	Ma	rch 2021
				Unrestricted	Restricted	Total	Total
			Notes	funds	funds	2021	2020
INCOME
Donations and grants				546,618		546,618	270,332
Income front charitable	activities:
Operation oftheatre and	arts centre			213,109	40,000	253,109	230,820
Income from other trading		activiti es		40,395		40,395	387,795
TOTAL INCOME			16	800,122	40,000	840,122	888,947
EXPENDITURE
Costs ofraising funds:
Trading operations				10,953		10,953	87,648
Expenditure on charitable		activities:
Operation oftheatre and	arts centre			482,284	20,433	502,717	808,432
TOTAL EXPENDITURE			16	493,237	20,433	513,670	896,080
NET INCOME/(EXPENDITURE)				306,885	]9,567	326,452	(7,133)
Transfers between funds
NET MOVEMENT IN	FUNDS			306,885	19,567	326,452	(7,]33)
Reconciliation offunds
Fund balances brought	forward
at I April 2020				(190,502)	28,531	(161,971)	(154,838)
Fund balances carried	forward
at 31 March 2021			17	116,383	48,098	164,481	(161,971)

BALANCE SHEET as at 31 March 2021
			2021		2020
	Notes
FIXEDASSETS
Tangible assets	13		42,274		33,653
CURRENT ASSETS
Stock		5,424		8,782
Debtors	14	64,357		29,695
Cash at bank and in hand		128,148		17,916
		197,929		56,393
CREDITORS: Amounts	falling
due within one year	15	75,722		252,017
NET CURRENT ASSETS/(LIABILITIES)			122,207		(195,624)
TOTAL ASSETSLESS	CURRENT
LIABILITIES			164,481		(161,971)
			164,481		(161,971)
RESERVES
Unrestricted income funds:
General fund	16		116,383		(190,502)
Restricted funds	16		48,098		28,531
			164,481		(161,971)

						202]	2020
					Note
Cash used in operating activities					25	142,048	31,780
Cashflows from Investing		activities
Interest income
Purchase oftangible fixed		assets				(32,216)	(28,656)
Proceeds fiom	disposal of	fixed assets				400
Cash provided	by (used in)	investing	activities			(31,816)	(28,656)
increase (decrease) in cash		and cash	equivalents	in the year		110,232	3,124
Cash and cash	equivalents	at the beginning ofthe year				17,916	14,792
Cash and cash	equivalents	at the end ofthe year				128,148	17,916

THEATR BRYCHEINIOG CYF	THEATR BRYCHEINIOG CYF
NOTES TO THE FINANCIAL STATEMENTS
for	the year ended 31 March 2021
3.	INCOME FROM DONATIONS AND GRANTS				2021	2020
	Brecon Town Council —core funding				7,500	7,500
	Brecon Town Council —Covid-19 re-opening		grant		2,500
	Powys County Council —core funding				34,467	47,215
	Powys County Council —Covid-19 additional		funding		45,000
	Arts Council ofWales —core funding				196,749	194,608
	Arts Council ofWales —Covid-19 stabilisation		grant		60,000
	Arts Council ofWales —Covid-19 revenue	support grant			151,481
	Welsh Government —Economic Resilience	Fund Covid-19 grant			30,000
					527,697	249,323
	Donations and sponsorship				18,921	21,009
					546,618	270,332
	INCOME FROM CHARITABLE ACTIVITIES				2021	2020
	Income from admission charges					173,800
	Merchandising and programmes					614
	Income from performances					174,414
	Other grant income (unrestricted):-
	HM Revenue fit Customs —Comnavirus Job Retention			Scheme grant	213,109	2,545
	Support fiom grant income (restricted):-
	Arts Administration —Unlimited Conference					5,000
	Other grant income (restricted):-
	The Gibbs Trust —Screen and curtain					5,000
	Brecon Beacons National Park —Dressing room refurbishment					10,000
	Brecon Town Council - Dressing room refurbishment					2,000
	Arts Council ofWales —various					31,861
	Arts Council ofWales —capital				40,000
					40,000	53,861
	Total income from charitable activities				253,109	230,820
	INCOME FROM OTHER TRADING ACTIVITIES				2021	2020
	Hire offacilities				6,627	111,764
	Bar sales, bistro and event catering				10,994	185,062
	Other catering income					29,958
	Other income				22,774	61,011
					40,395	387,795

7.	COSTSOF RAISING		FUNDS	FUNDS			2021		2020
	Bar and bistro purchases,		event	catering
	and vending supplies						10,953		87,648
	ANALYSIS OF EXPENDITURE ON				CHARITABLE ACTIVITIES
						Concerts
						and stage		2021	2020
					Note	performances	Education	Total	Total
	Direct Charitable Expenditure
	Touring company performance			fees,
	workshops and classes					1,100		1,100	146,431
	Backstage and other production			costs		4,815		4,815	11,379
	Programme research								363
	Advertising, marketing	and box		office		11,780		11,780	43,471
	Central premises costs					111,339		111,339	133,903
	Staffcosts				10	342,188		342,188	445,415
	Depreciation					23,]95		23,195	16,989
	Governance costs					8,300		8,300	10,481
						502,717		502,717	808,432
9.	GOVERNANCE COSTS						2021		2020
	Auditor's remuneration						8,300		10,481
10.	STAFFCOSTS						2021		2020
	Salaries and wages						318,797		413,630
	Social security costs						16,240		22,927
	Employer pension contributions						7,141		8,808
	Recruitment costs						10		50
							342,188		445,415

(including casual and part time staff) employed during	the year was:
	2021	2020
Trading	10	12
Boxoffice, sales and marketing	4	4
Concerts and stage performances	4	4
	18	20

13.	TANGIBLE FIXED	ASSETS	Fixtures	Technical	General
			and fittings	equipment	equipment	Total
					8
	COST:
	At 1 April 2020		152,885	150,155	81,150	384,190
	Additions		19,216	254	12,746	32,216
	Disposals		(400)			(400)
	At 31 March 2021		171,701	150,409	93,896	416,006
	DEPRECIATION:
	At I April 2020		136,652	144,736	69,149	350,537
	Charge for year		11,139	2,057	10,199	23,395
	Eliminated on disposals		(200)			(200)
	At 31 March 2021		147,591	146,793	79,348	373,732
	NET BOOK VALUE:
	At 31 March 2021		24,110	3,616	14,548	42,274
	At 31 March 2020		16,233	5,419	12,001	33,653
	All fixed assets held are used for the management		and administration	ofthe theatre.
14.	DEBTORS:AMOUNTS FALLING
	DUK WITHIN ONE	YEAR			2021	2020
						8
	Trade debtors				4,981	3,440
	Other debtors			46,104		14,401
	Prepayments and accrued income				3,043	2,124
	Value Added Tax			10,229		9,730
				64,357		29,695
15.	CREDITORS: AMOUNTS FALLING
	DUE WITHIN ONK	YEAR			2021	2020
					8
	Trade creditors				3,591	169,952
	Other creditors			14,104		16,766
	Accruals and deferred	income		40,479		41,047
	Advance ticket sales			17,548		19,125
	Other taxes and social	security				5,127
				75,722		252,017

for th	e year ended 31 March 2021	e year ended 31 March 2021	e year ended 31 March 2021
16.	ANALYSIS OF CHARITABLE			FUNDS
				Balance at	Movements	in Reserves	Balance at
				1 April	(including	transfers)	31 March
				2020	Incoming	Outgoing	2021 8
	Unrestricted funds
	General	fund		(190,502)	800,122	493,237	116,383
	Restricted funds:
	Capital	grants		20,601	40,000	12,503	48,098
	Seat refurbishment		fund	7,930		7,930
				28,531	40,000	20,433	48,098
	Total			(161,971)	840,122	513,670	164,481

ANALYSIS OF NET ASSETSBE	TWEEN FUNDS
	Unrestricted	Restricted	Total
	funds	fund	fund
Tangible flxed assets	12,388	29,886	42,274
Net current assets	103,995	18,212	122,207
	116,383	48,098	164,481

			2021	2020
Expiring	in less than one year
Expiring	between	one and five years	9,120	12,208
Expiring	in more	than five years		500
			9,120	12,708

RECONCILIATION OF NET MOVEMENT IN FUN ACTIVITIES	DS TO NET CASH FLOW FRO	M OPERATING
	2021	2020
Net movement in funds	326,452	(7,l33)
Add back depreciation charge	23,395	16,988
Deduct profit on disposal offixed assets	(200)
Decrease (increase) in stock	3,358	(2,413)
Decrease (increase) in debtors	(34,662)	(4,509)
Increase (decrease) in creditors	(176,295)	28,847
Net cash used in operating activities	142,048	31,780

DETAILED INCOME	AND EXPEN	AND EXPEN	AND EXPEN	DITURE AC	COUNT
for the year ended 31	March 2021					2021		2020
INCOME:
Boxoffice								173,800
Merchandising and programmes								614
Hire offacilities						6,627		111,764
Revenue grants						740,806		288,729
Bar sales, bistro and event			catering			10,994		185,062
						758,427		759,969
OTHER INCOME:
Donation's						18,921		21,009
Release ofcapital grants						12,503		8,741
Other catering income								29,958
Other income						I8,774		58,011
Employment Allowance						4,000		3,000
						812,625		880,688
EXPENDITURE:
Event and project costs					1,100		146,43]
Programme research							363
Bar and bistro purchases,		event catering
and vending supplies					10,953		87,648
Salaries and wages					335,037		436,558
Pension contributions					7, 141		8,808
Recruitment costs					10		50
Telephone					4,181		4,298
Postage and stationery					2,126		7,991
Sales commission					182		10,345
Advertising and printing					9,471		24,126
General marketing costs							1,008
Travelling					1,270		3,105
Rent					100		100
Heat and light					26,050		43,258
Insurance					5,939		5,960
Water rates					2,240		6,529
Hire ofequipment					3,542		5,248
Equipment maintenance		and consumables			1,274		6,131
Repairs to property					29,831		26,893
Subscriptions, affiliations,			PRS and licences		3,024		9,235
Refuse collection, computer			and sundry	expenses	]3,501		12,706
Auditor's remuneration					8,300		10,481
Legal and professional	fees				17,541		4,736
Training					30		206
Cleaning					2,606		6,669
Bad debt expense							(103)
Irrecoverable VAT					2,872		1,730
Depreciation					23,395		16,988
(Profit)/loss on disposal		of	fixed assets		(200)
						(511,516)		(887,498)
Carried forward						301,109		(6,810)

THEATR BRYCHEINIOG CYF	THEATR BRYCHEINIOG CYF
DETAILED INCOME AND EXPENDITURE ACCOUNT (Continued)
for the year ended 31 March 2021
	2021		2020
Broughtforward	301,109		(6,810)
FINANCE COSTS:
Bank charges	358	2,097
Credit card charges	1,797	6,485
	(2,155)		(8,582)
SURPLUS/(DEFICIT) FOR THE YEAR	298,954		(15,392)