##
|||Page||
|---|---|---|---|
|Report ofthe Trustees|I|to|6|
|Report ofthe Independent
Auditors|7|to|8|
|Statement ofFinancial Activities||||
|Balance Sheet|10|to|11|
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial Statements|14|to|24|
|Detailed Statement ofFinancial Activities|25|to|27|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||for the|Year End|ed 31 March 2|021|||
|---|---|---|---|---|---|---|---|
|||||||31.3.21|31.3.20|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes||J.|||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||170||170|1,400|
|Charitable
activities||||||||
|Theatre||||668,116||668,116|968,297|
|Touring Productions||||17,490||17,490|546,475|
|Commercial
trading activities|||19|23,722||23,722|15,563|
|Other trading activities|||||||139,822|
|Investment
income||||61||61|1,983|
|Other income||||228,124||228,124||
|Total||||937,683||937,683|1,673,540|
|EXPENDITURE ON||||||||
|Raising funds|||6|4,500||4,500|60,239|
|Commercial
trading activities|||19|12,786||12,786|13,350|
|Charitable
activities||||||||
|Theatre||||621,825|132,764|754,589|1,237,675|
|Touring Productions||||104,891||104,891|471,344|
|Total||||744,002|132,764|876,766|1,782,609|
|NET INCOME/(EXPENDITURE)||||193,681|(132,764)|60,917|(109,069)|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||312,409|4,066,236|4,378,645|4,487,714|
|TOTAL FUNDS CARRIED FORWARD||||506,090|3,933,472|4,439,562|4,378,645|
##
||31 Ma|rch 2021||||
|---|---|---|---|---|---|
|||31.03.21|31.03.20|31.03.21|31.03.20|
|||Group funds|Group funds|Charity funds|Charity
funds|
||Notes|||8||
|FIXED ASSETS||||||
|Tangible assets|13|4,096,404|4,210,486|4,095,164|4,208,822|
|Investments|14|||129,914|144,810|
|||4,096,404|4,210,486|4,225,078|4,353,632|
|CURRENT ASSETS||||||
|Stocks|15|500|5,000|500|5,000|
|Debtors|16|166,181|148,251|158,744|140,933|
|Cash at bank and in hand||264,786|196,853|234,544|162,903|
|||431,467|350,104|393,788|308,836|
|CREDITORS||||||
|Amounts
falling due within one year|17|(88,309)|(181,945)|(86,820)|(180,403)|
|NET CURRENT ASSETS||343,158|168,159|306,968|128,433|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||4,439,562|4,378,645|4,532,046|4,482,065|
|NET ASSETS||4,439,562|4,378,645|4,532,046|4,482,065|
|FUNDS|18|||||
|Unrestricted
funds||506,090|312,409|598,574|415,829|
|Restricted
funds||3,933,472|4,066,236|3,933,472|4,066,236|
|TOTAL FUNDS||4,439,562|4,378,645|4,532,046|4,482,065|
##
##
##
|||for the Year Ended 3|1 March 2021||
|---|---|---|---|---|
||||31.3.21|31.3.20|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated
from operations||I|82,584|63 792|
|Net cash provided
by/(used|in) operating|activities|82,584|63,792|
|Cash flows from investing|activities||||
|Purchase oftangible
fixed assets
Loan advanced
to subsidiary|||(25,844)|(2,281)
~2,049)|
|Net cash used in investing|activities||~25,844)|~4,330)|
|Change
in cash and cash|equivalents|in|||
|the reporting
period|||56,740|59,462|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||162,903|103,441|
|Cash and cash equivalents|at the end|of|||
|the reporting
period|||234,544|162,903|
##
##
##
|RECONCILIATIO
ACTIVITIES|N
OF|NET EXPENDIT|URE TO NET CASH FLO|W FROM OPERATIN|G|
|---|---|---|---|---|---|
|||||31.3.21|31.3.20|
|Net income/(expenditure)||for the reporting|period (as per the|||
|Statement
ofFinancial Activities)||||49,981|(111,282)|
|Adjustments
for:||||||
|Depreciation
charges||||139,497|155,727|
|Decrease in stocks||||4,500|674|
|Increase
in debtors||||(17,811)|(24,414)|
|(Decrease)/increase|in creditors|||~93,583|43,087|
|Net cash provided|by/(used|in) operations||82,584|(63,792)|
##
##
|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At
1sk20|Cash flow|At 31.3.21|
|||g|8|
|Net cash||||
|Cash at bank and in hand|162,903|71,641|234,544|
||162,903|71,641|234,544|
|Total|162,903|71,641|234,544|
##
##
##
##
##
##
##
##
##
##
##
##
##
||||31.3.21|31.3.20|
|---|---|---|---|---|
||Donations|||1,321|
||Subscriptions||104|78|
||Tourist Information|Centre - contribution|||
||||170|1,399|
|3.|OTHER TRADING ACTIVITIES||||
||||31.3.21|31.3.20|
||Bar sales|||139,822|
|4.|INVESTMENT INCOME||||
||||31.3.21|31.3.20|
||Caffi income||61|1,983|
##
##
##
##
##
|INCOME F|ROM C|HA|RITA|BLE ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|||||||31.3.21|31.3.20|
|||||Activity||||
|Ticket sales -|live events|||Theatre||14,146|54,331|
|Cardigan
Castle events||||Theatre||7,607|99,281|
|Cinema||||Theatre||1,249|428,758|
|Theatre hire||||Theatre||1,590|32,755|
|Other income||||Theatre||173|15,284|
|Cyngor Sir Ceredigion||||Theatre|||18,073|
|Arts Council|ofWales-|||||||
|consolidated|revenue|grant||Theatre||271,427|267,880|
|Cardigan
Town Council||||Theatre||2,500|2,500|
|Arts Council|ofWales-|||||||
|CRF - revenue||||Theatre||205,200||
|Arts Council|ofWales-|||Theatre||49,762||
|CRF - capital||||||||
|Theatre participation||||Theatre||1,115|6,136|
|Music Royalty income||||Theatre||7,434|9,777|
|CD Recoup Income||||Theatre|||19,992|
|Production
performance|||fees|Touring Productions||17,490|258,449|
|CD Sales||||Touring Productions||9,013|42,052|
|Other Voices|grant|||Touring Productions||96,900|250,000|
|Other Voices|income|||Touring Productions|||9,504|
|||||||685,606|1,514,772|
|RAISING FUNDS||||||||
|Other trading
activities||||||||
|||||||31.3.21|31.3.20|
|Purchases||||||4,500|60,239|
|CHARITABLE ACTIVITIES COSTS||||||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 8)|Totals|
|Theatre|||||408,296|346,293|754,589|
|Touring
Productions|||||104,891||104,891|
||||||513,187|346,293|859,480|
##
##
|SUPPORT COSTS|||||
|---|---|---|---|---|
||||Governance||
||Management|Finance|costs|Totals|
|Theatre|338,428|2,235|5,630|346,293|
##
|||31.3.21|31.3.20|
|---|---|---|---|
|Auditors'
remuneration||3,000|3,700|
|Auditors'
remuneration|for non audit work|1,120|1,200|
|Depreciation
- owned|assets|139,502|155,729|
|Other operating
leases||179|521|
##
##
##
|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||31.3.21|31.3.20|
|Wages and salaries||||360,139|476,017|
|Social security costs||||29,558|31,591|
|Other pension costs||||23,087|14,551|
|Redundancy
costs||||32,192||
|||||444,976|522,159|
|The average monthly|number ofemployees|during|the year was as follows:|||
|||||31.3.21|31.3.20|
|Theatre Management||||9|15|
|Cleaning||||2|3|
|Technicians||||I|3|
|||||12|21|
##
##
||Notes to the Financial S
for the Year Ended|Notes to the Financial S
for the Year Ended|Notes to the Financial S
for the Year Ended|tatements
- continued
31March 2021|tatements
- continued
31March 2021|tatements
- continued
31March 2021|
|---|---|---|---|---|---|---|
|12.|COMPARATIVES FOR THE CONSOLIDATED|||STATEMENT OF FINANCIAL ACTIVITIES|||
|||||Unrestricted|Restricted|Total|
|||||fund|fund|funds|
||INCOME AND ENDOWMENTS||FROM||||
||Donations
and legacies|||1,400||1,400|
||Charitable
activities||||||
||Theatre|||968,297||968,297|
||Touring Productions|||546,475||546,475|
||Commercial
trading activities|||15,563||15,563|
||Other trading
activities|||139,822||139,822|
||Investment
income|||1,983||1,983|
||Total|||1,673,540||1,673,540|
||EXPENDITURE ON||||||
||Raising funds|||60,239||60,239|
||Commercial
trading activities|||13,350||13,350|
||Charitable
activities||||||
||Theatre|||1,094,716|142,960|1,237,675|
||Touring Productions|||471,344||471,344|
||Total|||1,639,649|142,960|1,782,609|
||NET INCOME/(EXPENDITURE)|||33,891|(142,960|(109,069)|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought|forward||278,518|4,209,196|4,487,714|
||TOTAL FUNDS CARRIED FORWARD|||312,409|4,066,236|4,378,645|
##
##
##
|13.|GROUP TANGIBLE FIXEDASSETS||||
|---|---|---|---|---|
|||Freehold|Long|Plant and|
|||property|leasehold|machinery|
||COST||||
||At
1 April 2020|651,048|5,661,118|1,022,514|
||Additions|||25,844|
||At 31 March 2021|651,048|5,661,118|1,048,358|
||DEPRECIATION||||
||At
1 April 2020|221,356|1,889,326|1,013,511|
||Charge for year|13,021|114,292|12,613|
||At 31 March 2021|234,377|2,003,618|1,026,124|
||NET BOOK VALUE||||
||At 31 March 2021|416,671|3,657,500|22,234|
||At 31 March 2020|429,692|3,771,792|9,003|
|||Fixtures|||
|||and|Motor||
|||fittings|vehicles|Totals|
||||8||
||COST||||
||At
1 April 2020|270,106|16,450|7,621,236|
||Additions|||25,844|
||At 31 March 2021|270,106|16,450|7,647,080|
||DEPRECIATION||||
||At
1 April 2020|270,106|16,450|3,410,749|
||Charge for year|||139,926|
||At 31 March 2021|270,106|16,450|3,550,675|
||NET BOOK VALUE||||
||At 31 March 2021|||4,096,405|
||At 31 March 2020|||4,210,487|
|14.|FIXEDASSET INVESTMENTS||||
||||31.3.21|31.3.20|
|||||8|
||Shares||100|100|
||Loans||129,814|144,710|
||||129,914|144,810|
##
##
##
|FI|XEDASSET INVESTMENTS - continued||
|---|---|---|
|||Shares
in|
|||group|
|||undertakings|
|MARKET VALUE|||
|At|I April 2020 and 31 March 2021|100|
|NET BOOK VALUE|||
|At|31 March 2021|100|
|At|31 March 2020|100|
|||Loans to|
|||group|
|||undertakings|
|At|1 April 2020|144,710|
|New in year||5,104|
|Repayments
in year||(20,000)|
|At|31 March 2021|129,814|
||There were no investment|There were no investment|assets outside the UK.|||||
|---|---|---|---|---|---|---|---|
|15.|STOCKS|||||||
|||||31.3.21|31.3.20|31.3.21|31.3.20|
|||||Group|Group|Charity|Charity
f|
||Stocks|||500|5,000|500|5,000|
|16.|DEBTORS:|AMOUNTS|FALLING DUE WITHIN|ONE YEAR||||
|||||31.3.21|31.3.20|31.3.21|31.3.20|
|||||Group
g|Group
6|Charity|Charity
f|
||Trade debtors|||86,748|105,512|84,651|103,864|
||Prepayments|and accrued|income|45,909|37,069|45,909|37,069|
||VAT|||33,524|5,670|28,184||
|||||166,181|148,251|158,744|140,933|
##
|||||for the Year Ended 31|for the Year Ended 31|March|2021|||
|---|---|---|---|---|---|---|---|---|---|
|17.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN||ONE|YEAR|||
||||||31.3.21||31.3.20|31.3.21|31.3.20|
||||||Group||Group|Charity|Charity|
||Trade creditors||||27,392||101,645|27,392|101,645|
||Third party funds||||3,593||38,358|3,593|36,816|
||Social security|and other taxes|||6,672||6,672|6,672|6,672|
||VAT||||||1,148||1,148|
||Other creditors||||1,490||29||29|
||Accruals and deferred||income||49,163||34,093|49,163|34,093|
||||||88,310||181,945|86,820|180,403|
|18.|MOVEMENT|IN FUNDS||||||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.4.20|in funds|31.3.21|
||Unrestricted
funds|||||||||
||General
fund||||||415,829|182,744|598,573|
||Restricted
funds|||||||||
||Capital Fund||||||4,066,236|(132,763)|3,933,473|
||TOTAL FUNDS||||||4,482,065|49,981|4,532,046|
||Net movement|in funds, included|||in the above are as follows:|||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
||Unrestricted|funds||||||||
||General
fund||||||913,961|(731,216)|182,745|
||Restricted
funds|||||||||
||Capital Fund|||||||(132,764)|(132,764)|
||TOTAL FUNDS||||||913,961|~863,980)|49,981|
||Comparatives|for movement||in|funds|||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.4.19|in funds|31.3.20|
||Unrestricted|funds||||||||
||General
fund||||||384,151|31,678|415,829|
||Restricted
funds|||||||||
||Capital Fund||||||4,209,196|(142,960)|4,066,236|
||TOTAL FUNDS||||||4,593,347|~111282)|4,482,065|
##
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General
fund||1,657,976|(1,626,299)|31,678|
|Restricted
funds|||||
|Capital Fund|||(142,959)|(142,960)|
|TOTAL FUNDS||1,657,976|~1,769,258)|~111,282)|
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.19|in funds|31.3.21|
|Unrestricted
funds||||
|General fund|384,151|214,422|598,573|
|Restricted
funds||||
|Capital Fund|4,209,196|(275,723)|3,933,473|
|TOTAL FUNDS|4,593,347|~61,30 I)|4,532,046|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General
fund|2,571,937|(2,357,515)|214,422|
|Restricted
funds||||
|Capital Fund||(275,723)|(275,723)|
|TOTAL FUNDS|2,571,937|(2,633,238)|~61,301)|
##
##
|Summary
Profit and Loss account|Summary
Profit and Loss account|||
|---|---|---|---|
|||31.3.21|31.3.20|
|Turnover||3,722|15,563|
|Covid grant||20,000||
|Cost ofsales and administrative|expenses|~12786|~13350|
|Net profit for the period|||2 213|
|Summary
ofassets and liabilities||||
|Fixed assets||1,240|1,664|
|Current
assets||37,679|41,268|
|Current
liabilities||(1,489)|(1,542)|
|Long term liabilities||~129814|~144 710|
|Total net liabilities||||
|Share Capital
Profit and (loss) account||100
~92 484|100
~103420|
|Financed by Theatr Mwldan||@2241|~2|
##
##
##
##
##
##
##
|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS||||||
|Donations
and legacies||||||
|Donations||||66|1,321|
|Subscriptions||||104|78|
|||||170|1,399|
|Other trading
activities||||||
|Bar sales|||||139,822|
|Investment
income||||||
|Caffi income||||61|1,983|
|Charitable
activities||||||
|Ticket sales - live events||||14,146|54,331|
|Cardigan Castle events||||7,607|99,281|
|Cinema||||1,249|428,758|
|Theatre hire||||1,590|32,755|
|Other income||||173|15,284|
|Cyngor Sir Ceredigion|||||18,073|
|Arts Council ofWales -|consolidated|revenue|grant|271,427|267,880|
|Cardigan
Town Council||||2,500|2,500|
|Production
performance|fees|||17,490|258,449|
|Theatre participation||||1,115|6,136|
|CD Sales||||9,013|42,052|
|Other Voices grant||||96,900|250,000|
|Music Royalty income||||7,434|9,777|
|CD Recoup Income|||||19,992|
|Other Voices income|||||9,504|
|Arts Council ofWales Culture Recovery Fund-||||||
|revenue||||205,200||
|Arts Council ofWales Culture Recovery Fund-||||||
|capital||||49,762||
|||||685,606|1,514,772|
|Other income||||||
|Covid rates grant||||25,000||
|Covid JRS grant||||203,124||
|||||228,124||
|Total incoming
resources||||913,961|1,657,976|
##
##
|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|EXPENDITURE||||||
|Other trading
activities||||||
|Bar cost ofsales||||4,500|60,239|
|Charitable
activities||||||
|Wages||||45,627|105,466|
|Social security||||5,483|5,265|
|Redundancy||||9,889||
|Rates and water||||931|2,677|
|Insurance||||14,904|16,336|
|Light and heat||||19,748|39,297|
|Telephone||||18,574|15,653|
|Postage and stationery||||535|1,171|
|Advertising|||||4,917|
|Cardigan
Castle event||costs|||81,129|
|Performers'
fees &expenses|||||41,420|
|CD production
costs|||||20,355|
|Cinema - film hire||||535|197,495|
|Cinema - other costs|||||6,395|
|Repairs and renewals||||68,274|41,326|
|Cleaning materials &support||||949|8,987|
|Cleaning wages||||44,098|42,121|
|Social security||||2,293|1,685|
|Licences and Performing|||Rights Society|1,203|8,491|
|Programme
printing|and distribution|||3,679|5,742|
|Other marketing
expenses||||5,545|29,389|
|Grants to other organisations||||19,447|19,447|
|Motor expenses||||1,450|2,848|
|Theatre participation|||||4,815|
|Production
Artist fees||||22,509|121,276|
|Other Production
costs||||806|8,289|
|Production
travel and accommodation||||(2,418)|73,284|
|Other Voices expenses||||86,450|216,328|
|CD Sales Costs||||3,179|33,318|
|Depreciation oftangible|||fixed assets|139,497|155,727|
|||||513,187|1,310,649|
|Support costs||||||
|Management||||||
|Wages||||270,414|328,430|
|Social security||||21,782|26,326|
|Pensions||||23,087|14,551|
|Other operating
leases||||179|521|
|Staff and volunteers'||expenses||663|3,929|
|Carried forward||||316,125|373,757|
##
##
|||for the Year Ended 31 Ma|rch 2021||
|---|---|---|---|---|
||||31.3.21|31.3.20|
|Management|||||
|Brought forward|||316,125|373,757|
|Redundancy|||22,303||
||||338,428|373,757|
|Finance|||||
|Bank charges|||2,235|18,203|
|Governance|costs||||
|Auditors'
remuneration|||3,000|3,700|
|Auditors'
remuneration||for non audit work|1,120|1,200|
|Directors'
indemnity||insurance|1,510|1,510|
||||5,630|6,410|
|Total resources|expended||863,980|1,769,258|
|Net income/(expenditure)|||49,981|~111,282)|