# ## |||||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|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|