2023-03-31-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

G SBlackledge	G SBlackledge
JRBond	(appointed	28 September 2022)
A KR Collinson			Chair
HF Davis
JGold (resigned 31 July 2023)
N 8 A Groombridge
ELJeffreys
EJJenkins
SJJones			Vice-Chair
TD Mellerick-Wheeler
EA Owen
RA EPaton
Theatre Director:			D R Wilson		(to 23	June	2023)
Registered	office:		Theatr Brycheiniog
			Canal Wharf
			Brecon
			Powys
Auditors:			W J James		and Co
			Chartered	Accountants			and
			Statutory		Auditors
			Bishop House
			10Wheat	Street
			Brecon
			Powys
Bankers:			The Co-operative			Bank
			PO Box250
			Skelmersdale
			Lancashire
Registered	number:		2446965
Registered	charity number:		1005327
Solicitors:			Capital Law Lumted
			Capital Building
			Tyndall Street
			Cardiff
			CF104AZ
			Refreshing		Law Limited
			Momington
			Drope Road
			StGeorges-Super-Ely
			Cardiff

				Unrestricted	Restricted	Total	Total
			Notes	funds	funds	2023	2022
INCOME						8
Donations and grants				254,369		254,369	497,886
Income from charitable	activities:
Operation oftheatre and	arts centre			207,730	177,272	385,002	127,588
Income from other trading		activities		352,498		352,498	228,235
TOTAL INCOME			15	814,597	177,272	991,869	853,709
EXPENDITURE
Costs ofraising funds:
Trading operations				88,791		88,791	40,431
Expenditure on charitable		activities:
Operation oftheatre and	arts centre			970,546	85,355	1,055,901	759,512
TOTAL EXPENDITURE			15	1,059,337	85,355	1,144,692	799,943
NET (EXPENDITURE)/INCOME				(244,740)	91,917	(152,823)	53,766
Transfers between funds			10
NET MOVEMENT IN	FUNDS			(244,740)	91,917	(152,823)	53,766
Reconciliation offunds
Fund balances brought	forward
at I April 2022				167,155	51,092	218,247	164,481
Fund balances carried	forward
at 31March 2023			16	(77,585)	143,009	65,424	218,247

BRYCHEINI BALANCE SHEET as at 31March 2023	G CYF			Compa	ny Number.	2446965
				2023		2022
		Notes
FIXEDASSETS
Tangible assets		12		209,143		114,368
CURRENT ASSETS
Stock Debtors Cash at bank and in hand		13	12,891 15,402 55,084		8,227 44,050 215,888
CREDITORS: Amounts	falling		83,377		268,165
due within one year		14	227,096		164,286
NET CURRENT ASSETS				(143,719)		103,879
TOTAL ASSETSLESSCURRENT
LIABILITIES				65,424		218,247
				65,424		218,247
RESERVES
Unrestricted income funds:
General fund Designated fund		15 15		(195,585) 118,000		49,155 118,000
				(77,585)		167,155
Restricted funds		15		143,009		51,092
				65,424		218,247

						2023	2022
					Note
Cash used in operating		activities			24	40,352	208,987
Cash fllows from investing			activities
Interest	income
Purchase	oftangible fixed		assets			(201,156)	(121,247)
Proceeds	from disposal of		fixed assets
Cash provided by (used in) investing				activities		(201,156)	(121,247)
Increase	in cash and cash	equivalents		in the year		(160,804)	87,740
Cash and	cash equivalents		at the beginning ofthe year			215,888	128,148
Cash and cash equivalents			at the end ofthe year			55)084	215,888

THEATR BRYCHEINIOG CYF	THEATR BRYCHEINIOG CYF
NOTES TO THE FINANCIAL STATEMENTS
for	the year ended 31 March 2023
3.	INCOME FROM DONATIONS AND GRANTS				2023	2022
	Brecon Town Council —core funding Powys County Council —core funding Powys County Council —Covid-19 additional funding Powys County Council -warm spaces Arts Council ofWales —core funding Arts Council ofWales —Cultural Recovery Fund I grant Arts Council ofWales —Cultural Recovery Fund 2 grant Arts Council ofWales —Cultural Recovery Fund 3 grant				21,719 1,467 205,891 13,500	7,500 21,719 4,000 196,749 16,831 113,747 121,500
	Donations and sponsorship				242,577 11,792	482,046 15,840
					254,369	497,886
	INCOME FROM CHARITABLE ACTIVITIES				2023	2022
	Income from admission charges Merchandising and programmes				207,046 684	58,127 836
	Income from performances				207,730	58,963
	Other grant income (unrestricted):-
	HM Revenue k.Customs —Coronavirus Job Retention			Scheme grant		31,853
	Support from revenue grant income (restricted):-
	Welsh Government —We Need Bees performance Royal National Theatre —Connections Festival				2,200	15,000
	Atsain Anthem Music Fund Brecon Beacons National Park Sustainable	Develoment		Fund	6,000 2,800
	Colwinston Trust —Beacons Performance	Past to	Present		3,725
	WCVA				4,863
	Capital grant income (restricted):-
	Theatres Trust Brecon Town Council Arts Council ofWales WCVA Colwinston Trust —Beacons Performance	Past to	Present		15,000 90,123 50,286 1,275	5,000 2,000 7,377 7,395
	Arnold Clark				1,000
					177,272	36,772
	Total income from charitable activities				385,002	127,588
	INCOME FROM OTHER TRADING ACTIVITIES				2023	2022
	Hire offacilities Bar sales, bistro and event catering Other catering income Other income				101,720 172,390 18,230 60,158	42,015 94,287 10,994 80,939
					352,498	228,235

6.	COSTSOF RAISING FUNDS	COSTSOF RAISING FUNDS			2023		2022
	Bar and bistro purchases, event	catering
	and vending supplies				88,791		40,43 1
	ANALYSIS OF EXPENDITURE ON		CHARITABLE ACTIVITIES
				Concerts
				and stage		2023	2022
			Note	performances	Education	Total	Total
				8
	Direct Chardtabie Expenditure
	Touring company performance	fees,
	workshops and classes Backstage and other production Programme research	costs		143,517 20,780		143,517 20,780	72,077 19,312
	Advertising, marketing and box Central premises costs Staffcosts Depreciation Governance costs	office		63,678 175,340 536,706 106,380 9,500		63,678 175,340 536,706 106,380 9,500	57,250 140,751 411,468 49,154 9,500
				1,055,901		1,055,901	759,512
8.	GOVERNANCE COSTS				2023		2022
	Auditor's remuneration				9,500		9,500
9.	STAFF COSTS				2023		2022
	Salaries and wages Social security costs Compensation for loss ofoffic Employer pension contributions Recruitment costs				482,195 36,094 12,489 5,928		378,372 22,482 1,340 9,274
					536,706		411,468

(including casual and part time staff) employed during	the year was:
	2023	2022
Trading Boxoffice, sales and marketing	15 6	10 4
Concerts and stage performances	2	4
	23	18

	252 ofthe Taxation ofChargeable Gain	s Act 1992to th	s Act 1992to th	e extent that the	se are applied	to its charitable objects.
	TANGIBLE FIXEDASSETS	Leasehold		Fixtures	Technical	General
	COST:	improvements		and littingsf	equipment 8	equipment 8 Total
	At 1 April 2022 Additions Disposals		132,478	253,674 54,081	160,906 468	109,164 14,129 (4,259) 523,744 201,156 (4,259)
	At 31 March 2023		132,478	307,755	161,374	119,034 720,641
	DEPRECIATION:
	At 1 April 2022 Charge for year Eliminated on disposals		43,718	176,099 43,520	150,299 4,629	82,978 409,376 14,514 106,381 (4,259) (4,259)
	At 31 March 2023		43,718	219,619	154,928	93,233 511,498
	NET BOOK VALUE:
	At 31 March 2023		88,760	88,136	6,446	25,801 209,143
	At 31 March 2022			77,575	10,607	26,186 114,368
All fixed assets held are used for the management			and administration ofthe theatre.
	DEBTORS: AMOUNTS FALLING
	DUE WITHIN ONE YEAR				2023	2022
	Trade debtors				3,862	6,586
	Other debtors				1,260	15,564
	Prepayments and accrued income				10,280	10,852
	Value Added Tax					11,048
					15,402	44,050
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONK YEAR					2023	2022
Trade creditors Other creditors Accruals and deferred income Advance ticket sales Other taxes and social security					71,930 61,239 59,300 24,651 9,976	44,866 19,505 78,153 21,762
					227,096	164,286
y	Number: 2446965					Charity Number: 1005327

		Balance at IApril	Movements (including	Movements (including	in Reserves transfers)	in Reserves transfers)	Balance at 31 March
		2022	Incoming	Outgoing		Transfers	2023
Unrestricted funds						8
General fund Designated funds		49,155	814,597	1,059,337		118,000	(77,585)
Contingency Reserve Staffing Resource Emergency Utilities, Energy and Buildings	fund	48,000 40,000				(48,000) (40,000)
Emergency Reserve		30,000				(30,000)
		167,155	814,597				(77,585)
Restricted funds:
Capital grants Theatrical History and Now fund Beacons Performance Past to Present WCVA fund RNT Connections Festival Atsain Anthem Music fund		51,092	157,684 2,800 3,725 4,863 2,200 6,000		67,967 2,800 3,725 4,863 6,000		140,809 2,200
		51,092	177,272		85,355		143,009
Total		218,247	991,869	1,144,692			65,424

	Uarestricted	Restricted	Total
	funds	fund	fund
			8
Tangible fixed assets Net current liabilities	68,334 (145,919)	140,809 2,200	209,143 (143,719)
	(77,585)	143,009	65,424

			2023	2022
Expiring	in less than one year		1,744
Expiring	between	one and five years	200	5,532
Expiring	in more	than five years
			1,944	5,532

	2023	2022
Net movement in funds Add back depreciation charge Deduct profit on disposal offixed assets	(152,823) 106,380	53,766 49,]53
Decrease (increase) in stock Decrease (increase) in debtors Increase (decrease) in creditors	(4,664) 28,649 62,810	(2,803) 20,307 88,564
Net cash used in operating activities	40,352	208,987

THEATR BRYCHEINIOG CYF	THEATR BRYCHEINIOG CYF
DETAILED INCOME AND EXPENDITURE		ACCOUNT
for the year ended 31March 2023			2023		2022
INCOME:
Boxoffice Merchandising and programmes Hire offacilities Revenue grants Bar sales, bistro and event catering			207,046 684 101,721 262,165 172,390		58,127 836 42,015 528,899 94,287
OTHER INCOME:			744,006		724,164
Donations and sponsorship Release ofcapital grants Other catering income Other income Employment Allowance			11,792 67,967 18,230 55,158 5,000		15,840 18,778 10,994 76,939 4,000
EXPENDITURE:			902,153		850,715
Event and project costs Bar and bistro purchases,	event catering	143,517		72,077
and vending supplies Salaries and wages Pension contributions Recruitment costs		88,791 518,288 12,489 5,928		40,431 402,194 9,274
Telephone Postage and stationery Sales commission Advertising and printing General marketing costs Travelling Rent		2,426 15,988 10,329 36,226 1,137 2,612 100		3,976 9,859 3,580 40,385 3,427 1,267 100
Heat and light		38,871		32,200
Insurance Water rates Hire ofequipment		5,082 7,578 16,649		6,031 3,771 15,057
Equipment maintenance and consumables		4,131		4,265
Repairs to property		26,690		19,326
Subscriptions, affiliations, PRS and licences Refuse collection, computer and sundry expenses Auditor's remuneration Legal and professional fees		10,182 21,930 9,500 29,055		7,273 18,914 9,500 33,423
Training Cleaning Bad debt expense		2,312 10,643		4,019 5,350 60
Irrecoverable VAT		7,828
Depreciation		106,380		49,153
			(1,134,662)		(794,912)
Carried forward			(232,509)		55,803

for the year ended 31 March 2023	(Conti	nued)
		2023		2022
Brought forward		(232,509)			55,803
FINANCE COSTS:
Bank charges Credit card charges	1,099 8,931		723 4,308
		(10,030)			(5,031)
(DEFICIT)/SURPLUS FOR THE YEAR		(242,539)			50,772