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|---|---|---|---|
|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|
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|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|
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|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|
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|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|
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|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|
##
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|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|
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||||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|
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|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)|
##
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|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)|