## ## ||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|6| |Report ofthe Independent
Auditors||7|to|9| |Statement ofFinancial
Activities|||10|| |Balance Sheet||11|to|12| |Cash Flow Statement|||13|| |Notes to the Cash Flow Statement|||14|| |Notes to the Financial Statentents||15|to|27| |Detailed Statement
ofFinancial|Activities|28|to|30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||for|the Year E|nded 31 March|2022||| |---|---|---|---|---|---|---|---|---| ||||||||31.3.22|31.3.21| ||||||Unrestricted|Restricted|Total|Total| ||||||fund|fund|funds|funds| |||||Notes|||6|| |INCOME AND ENDOWMENTS|||FROM|||||| |Donations
and legacies|||||3,265||3,265|170| |Charitable
activities||||||||| |Theatre|||||764,001||764,001|668,116| |Touring
Productions|||||129,255||129,255|17,490| |Commercial
trading|activities||||12,195||12,195|23,722| |Other trading activities|||||39,464||39,464|| |Investment
income|||||1,024||1,024|61| |Other income|||||34,283||34,283|228,124| |Total|||||983,487||983,487|937,683| |EXPENDITURE ON||||||||| |Raising funds||||6|22,063||22,063|4,500| |Commercial
trading|activities|||19|24,845||24,845|12,786| |Charitable
activities||||||||| |Theatre|||||634,294|131,116|765,410|754,589| |Touring Productions|||||165,381||165,381|104,891| |Total|||||846,583|131,116|977,699|876,766| |NET INCOME/(EXPENDITURE)|||||136,904|(131,116)|5,788|60,917| |RECONCILIATION||OF FUNDS||||||| |Total funds brought|forward||||506,090|3,933,472|4,439,562|4,378,645| |TOTAL FUNDS CARRIED FORWARD|||||642,994|3,802,356|4,445,350|4,439,562| ## ||||31.03.22|31.03.21|31.03.22|31.03.21| |---|---|---|---|---|---|---| ||||Group funds|Group funds|Charity
funds|Charity
funds| |||Notes||||g| |FIXED ASSETS||||||| |Tangible assets||13|3,963,155|4,096,404|3,962,230|4,095, 164| |Investments||14|||140,839|129,914| ||||3,963,155|4,096,404|4,103,069|4,225,078| |CURRENT ASSETS||||||| |Stocks||15|500|500|500|500| |Debtors||16|201,894|166,179|193,425|158,744| |Cash at bank and in hand|||442,687|264,786|406,151|234,544| ||||645,081|431,465|600,076|393,788| |CREDITORS||||||| |Amounts
falling due within|one year|17|(162,886)|(88,310)|(152,661)|(86,820)| |NET CURRENT ASSETS|||482,195|343,155|447,415|306,968| |TOTAL ASSETSLESSCURRENT||||||| |LIABILITIES|||4,445,350|4,439,559|4,550,484|4,532,046| |NET ASSETS|||4,445,350|4,439,559|4,550,484|4,532,046| |FUNDS||18||||| |Unrestricted
funds|||642,993|506,090|748,127|598,574| |Restricted funds|||3,802,357|3,933,472|3,802,357|3,933,472| |TOTAL FUNDS|||4,445,350|4,439,562|4,550,484|4,532,046| ## |||||||Cash Flow Statemeut||| |---|---|---|---|---|---|---|---|---| ||||||for the|Year Ended 31 March|2022|| ||||||||31.3.22|31.3.21| ||||||Notes|||| |Cash flows from operating||activities||||||| |Cash generated
from operations|||||||185,143|82,584| |Net cash provided
by operating|||activities||||185,143|82,584| |Cash floivs from investing||activities||||||| |Purchase oftangible fixed|assets||||||(2,610)|(25,844)| |Loan advanced
to subsidiary|||||||~10,925)|14,896| |Net cash used in investing|activities||||||~13,535)|~10,948)| |Change
in cash and cash|equivalents|||in|the|||| |reporting
period|||||||171,608|71,636| |Cash and cash equivalents||at the beginning||||||| |ofthe reporting
period|||||||234,544|162,903| |Cash and cash equivalents||at the end||of|the|||| |reporting
period|||||||406,151|234,544| ## ## |||||for the Year Ended 31|for the Year Ended 31|March 2022|March 2022|March 2022| |---|---|---|---|---|---|---|---|---| ||RECONCILIATION|||OF NET INCOME TO NET CASH||FLOW FROM OPERATING ACTIVITIES||| ||||||||31.3.22|31.3.21| ||Net income|for the|reporting||period (as per the Statement|ofFinancial||| ||Activities)||||||18,438|49,981| ||Adjustments|for:||||||| ||Depreciation|charges|||||135,545|139,497| ||Decrease in|stocks||||||4,500| ||Increase in debtors||||||(34,681)|(17,811)| ||Increase/(decrease)||in|creditors|||65,841|~(93,583| ||Net cash provided||by|operations|||185,143|82,584| |2.|ANALYSIS|OF CHANGES|||IN NET FUNDS|||| |||||||At 1.4.21|Cash flow|At 31.3.22| ||Net cash|||||||| ||Cash at bank|and in|hand|||234,544|171,607|406,151| |||||||234,544|171,607|406,151| ||Total|||||234,544|171,607|406,151| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INCOME FROM CHA|RITA|BLE AC|TIVITIES||| |---|---|---|---|---|---| |||||31.3.22|31.3.21| |||Activity|||| |Ticket sales - live events||Theatre||15,725|14,146| |Cardigan
Castle events||Theatre|||7,607| |Cinema||Theatre||104,809|1,249| |Theatre hire||Theatre||14,051|1,590| |Otherincome||Theatre||8,233|173| |Cyngor Sir Ceredigion||Theatre||18,073|| |Arts Council ofWales-|||||| |consolidated
revenue grant||Theatre||270,827|271,427| |Cardigan
Town Council||Theatre||2,500|2,500| |Production
performance|fees|Theatre||13,180|| |Theatre participation||Theatre|||1,115| |CD Sales||Theatre||16,603|9,013| |Other Voices grant||Theatre|||96,900| |Music Royalty
income||Theatre||3,722|7,434| |Arts Council ofWales Culture|||||| |Recovery Fund - revenue||Theatre||296,278|205,200| |Arts Council ofWales Culture|||||| |Recovery Fund - capital||Theatre|||49,762| |Production
performance|fees|Touring|Productions|120,816|17,490| |Other production
income||Touring|Productions|8,439|| |||||893,256|685,606| ## |6.|RAISING|FUNDS|FUNDS||||| |---|---|---|---|---|---|---|---| ||Other trading||activities||||| |||||||31.3.22|31.3.21| ||Purchases|||||22,063|4,500| |7.|CHARITABLE ACTIVITIES COSTS||||||| |||||||Support|| ||||||Direct|costs (see|| ||||||Costs|note 8)|Totals| ||||||||6| ||Theatre||||447,606|317,804|765,410| ||Touring
Productions||||165,381||165,381| ||||||612,987|317,804|930,791| |8.|SUPPORT|COSTS|||||| |||||||Governance|| |||||Management|Finance|costs|Totals| ||||||6||| ||Theatre|||298,636|7,138|12,030|317,804| |9.|NET INCOME/(EXPENDITURE)||||||| ||Net income/(expenditure)|||is stated atter charging/(crediting):|||| |||||||31.3.22|31.3.21| ||Auditors'
remuneration|||||3,100|3,000| ||Auditors'
remuneration|||for non audit work||1,320|1,120| ||Depreciation|-|owned assets|||135,544|139,502| ||Other operating||leases|||194|179| ## ## ## ## ## ## ||||||31.3.22|31.3.21| |---|---|---|---|---|---|---| |Wages and salaries
Social security costs
Other pension costs
Redundancy
costs|||||328,137
29,334
21,033|360,139
29,558
23,087
32,192| ||||||378,504|444,976| |The average|monthly|number ofemployees|during|the year was as follows:||| ||||||31.3.22|31.3.21| |Theatre Management|||||8|9| |Cleaning|||||I|2| |Technicians|||||I|I| ||||||10|12| ## ## |12.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total| |||||fund|fund|funds| ||||||f.|| ||INCOME AND ENDOTYMENTS FROM|||||| ||Donations
and legacies|||170||170| ||Charitable
activities|||||| ||Theatre|||668,116||668,116| ||Touring
Productions|||17,490||17,490| ||Commercial
trading|activities||23,722||23,722| ||Investment
income|||61||61| ||Otherincome|||228,124||228,124| ||Total|||937,683||937,683| ||EXPENDITURE ON|||||| ||Raising funds|||4,500||4,500| ||Commercial
trading|activities||12,786||12,786| ||Charitable
activities|||||| ||Theatre|||621,825|132,764|754,589| ||Touring Productions|||104,891||104,891| ||Total|||744,002|132,764|876,766| ||NET INCOME/(EXPENDITURE)|||193,681|(132,764)|60,917| ||RECONCILIATION||OF FUNDS|||| ||Total funds brought|forward||312,409|4,066,236|4,378,645| ||TOTAL FUNDS CARRIED FORWARD|||506,090|3,933,472|4,439,562| ## |13.|GROUP TANGIBLE FIXEDASSETS|||| |---|---|---|---|---| |||Freehold|Long|Plant and| |||property|leasehold|machinery| ||||8|8| ||COST|||| ||At
I April 2021|651,048|5,661,118|1,048,358| ||Additions|||2,610| ||At 31 March 2022|651,048|5,661,118|1,050,968| ||DEPRECIATION|||| ||At
1 April 2021|234,377|2,003,618|1,026,124| ||Charge for year|13,021|114,291|8,547| ||At 31 March 2022|247,398|2,117,909|1,034,671| ||NET BOOK VALUE|||| ||At 31 March 2022|403,650|3,543,209|16,297| ||At 31 March 2021|416,671|3,657,500|22,234| |||Fixtures||| |||and|Motor|| |||fittings|vehicles|Totals| ||||8|| ||COST|||| ||At I April 2021|270,106|16,450|7,647,080| ||Additions|||2,610| ||At 31 March 2022|270,106|16,450|7,649,690| ||DEPRECIATION|||| ||At I April 2021|270,106|16,451|3,550,676| ||Charge for year|||135,859| ||At 31 March 2022|270,106|16,451|3,686,535| ||NET BOOK VALUE|||| ||At 31 March 2022|||3,963,155| ||At 31 March 2021|||4,096,405| ## ## |14.|FIXED ASSET INVESTMENTS||| |---|---|---|---| |||31.3.22|31.3.21| ||Shares|100|100| ||Loans|140,739|129,814| |||140,839|129,914| ||||Shares in| ||||gl'oup| ||||undertakings| ||||8| ||MARKET VALUE||| ||At I April 2021 and 31 March 2022||100| ||NET BOOK VALUE||| ||At 31 March 2022||100| ||At 31 March 2021||100| ||||Loans to| ||||group| ||||undertakings
f| ||At I April 2021||129,814| ||New in year||10,925| ||At 31 March 2022||140,739| ## ||31.3.22|31.3.21|31.3.22|31.3.21| |---|---|---|---|---| ||Group|Group|Charity
f|Charity| |Stocks|500|500|500|500| ## |||31.3.22|31.3.21|31.3.22|31.3.21| |---|---|---|---|---|---| |||Group|Group|Charity|Charity| |Trade debtors||118,403|86,748|115,575|84,651| |Prepayments|and accrued income|49,655|45,909|49,655|45,909| |VAT||33,836|33,522|28,195|28,184| |||201,894|166,179|193,425|158,744| ## ## ## ## ||||31.3,22|31.3.21|31,3.22|31.3.21| |---|---|---|---|---|---|---| ||||Group|Group|Charity|Charity| |Trade creditors|||38,924|27,392|31,127|27,392| |Third party funds|||4,759|3 593|4,759|3,593| |Social security|and other taxes||7,327|6,672|7,327|6,672| |Other creditors|||2,572|1,490|144|| |Accruals and deferred||income|109,304|49,163|109,304|49,163| ||||162,886|88,310|152,661|86,820| ## |MOVEMENT|IN FUNDS||||| |---|---|---|---|---|---| |||||Net|| |||||movement|At| ||||At 1.4.21|in funds|31.3.22| |Unrestricted|funds||||| |General
fund|||598,573|149,554|748,127| |Restricted
funds|||||| |Capital Fund|||3,933,473|(131,116)|3,802,357| |TOTAL FUNDS|||4,532,046|18,438|4,550,484| |Net movement|in funds, included|in the above are as follows:|||| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| |Unrestricted|funds||||| |General
fund|||971,292|(821,738)|149,554| |Restricted
funds|||||| |Capital Fund||||(131,116)|(131,116)| |TOTAL FUNDS|||971,292|(952,854)|18,438| ## ## ## ||||||||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| |Comparative
net movement||in funds, included|in the above are as follows:|||||| |||||||Incoming|Resources|Movement| |||||||resources|expended|in funds| |Unrestricted
funds||||||||| |General
fund||||||913,960|(731,216)|182,744| |Restricted
funds||||||||| |Capital Fund||||||I|(132,764)|(132,763)| |TOTAL FUNDS||||||913,961|(863,980)|49,981| |A current year 12 months|and prior year 12 months|||combined|position|is as follows:||| ||||||||Net|| ||||||||movement|At| |||||||At 1.4.20|in funds|31.3.22| |Unrestricted
funds||||||||| |General
fund||||||415,829|332,298|748,127| |Restricted
funds||||||||| |Capital Fund|||||4,066,236||(263,879)|3,802,357| |TOTAL FUNDS|||||4,482,065||68,419|4,550,484| ## ## ## ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| |Unrestricted
funds|||| |General
fund|1,885,252|(1,552,954)|332,298| |Restricted
funds|||| |Capital
Fund||(263,880)|(263,879)| |TOTAL FUNDS|1,885,253|(1,816,834)|68,419| ## ## ## |Summary
Profit and Loss accoun|t||| |---|---|---|---| |||31.3.22|31.3.21| |||8|8| |Turnover||12,195|3,722| |Covid grant|||20,000| |Cost ofsales and administrative|expenses|~24 845|~12786| |Net loss for the period||(12,650)|10,936| |Summary
ofassets and liabilities|||| |Fixed assets||925|1,240| |Current assets||45,005|37,679| |Current
liabilities||(10,225)|(1,489)| |Long term liabilities||~I40739|~129814| |Total net liabilities||105034|~24| |Share Capital||100|100| |Profit and (loss) account||~105 134|(992484| |Financed
by Theatr Mwldan||~105034|(9224| ## ## ## ## |||Detailed Statement ofFinancial|Detailed Statement ofFinancial|Activities||| |---|---|---|---|---|---|---| |||for the Year Ended 31 March||2022||| ||||||31.3.22|31.3.21| |INCOiVIE AND ENDOWMENTS||||||| |Donations
and legacies||||||| |Donations|||||3,197|66| |Subscriptions|||||68|104| ||||||3,265|170| |Other trading
activities||||||| |Bar sales|||||39,464|| |Investment
income||||||| |Caffi income|||||1,024|61| |Charitable
activities||||||| |Ticket sales - live events|||||15,725|14,146| |Cardigan
Castle events||||||7,607| |Cinema|||||104,809|1,249| |Theatre hire|||||14,051|1,590| |Other income|||||8,233|173| |Cyngor Sir Ceredigion|||||18,073|| |Arts Council ofWales -|consolidated|revenue|grant||270,827|271,427| |Cardigan
Town Council|||||2,500|2,500| |Production
performance|fees||||133,996|17,490| |Other production
income|||||8,439|| |Theatre participation||||||1,115| |CD Sales|||||16,603|9,013| |Other Voices grant||||||96,900| |Music Royalty income|||||3,722|7,434| |Arts Council ofWales Culture Recovery Fund-||||||| |revenue|||||296,278|205,200| |Arts Council ofWales Culture Recovery Fund—||||||| |capital||||||49,762| ||||||893,256|685,606| |Other income||||||| |Covid rates grant||||||25,000| |Covid JRSgrant|||||34,283|203,124| ||||||34,283|228,124| |Total incoming
resources|||||971,292|913,961| ## |||||Detailed Statement ofFinancial|Activities||| |---|---|---|---|---|---|---|---| |||||for the Year Ended 31 March|2022||| |||||||31.3.22|31.3.21| ||||||||6| |EXPENDITURE|||||||| |Other trading
activities|||||||| |Bar cost ofsales||||||22,063|4,500| |Charitable
activities|||||||| |Wages||||||39,706|45,627| |Social security||||||4,582|5,483| |Redundancy|||||||9,889| |Rates and water||||||1,557|931| |Insurance||||||18,373|14,904| |Light and heat||||||24,249|19,748| |Telephone & internet||||||17,751|18,574| |Postage and stationery||||||514|535| |Advertising||||||2,545|| |Cinema
- film hire||||||46,182|535| |Cinema - other costs||||||1,378|| |Touring production
costs||||||1,152|| |Repairs and renewals||||||69,618|68,274| |Cleaning materials|&support|||||6,037|949| |Cleaning wages||||||35,257|44,098| |Social security||||||2,062|2,293| |Licences and Performing|||Rights Society|||4,648|1,203| |Programme
printing||and|distribution|||7,450|3,679| |Other marketing
expenses||||||9,319|5,545| |Grants to other organisations||||||19,488|19,447| |Motor expenses||||||385|1,450| |Production
Artist|fees|||||113,682|22,509| |Other Production|costs|||||26,138|806| |Production
travel|and|accommodation||||7,398|(2,418)| |Other Voices expenses||||||4,890|86,450| |CD Sales Costs||||||13,081|3,179| |Depreciation oftangible|||fixed assets|||135,545|139,497| |||||||612,987|513,187| |Support costs|||||||| |Management|||||||| |Wages||||||253,174|270,414| |Social security||||||22,690|21,782| |Pensions||||||21,033|23,087| |Other operating|leases|||||194|179| |Staffand volunteers'||expenses||||1,545|663| |Redundancy|||||||22,303| |||||||298,636|338,428| ## ||||Detailed Statement ofFinancial|Activities||| |---|---|---|---|---|---|---| ||||for the Year Ended 31 March|2022||| ||||||31.3.22|31.3.21| |Management||||||| |Finance||||||| |Bank charges|||||7,138|2,235| |Governance||costs||||| |Auditors'|remuneration||||3,100|3,000| |Auditors'|remuneration||for non audit work||1,320|1,120| |Directors'|indemnity||insurance||1,520|1,510| |Legal 6t professional|||fees||6,090|| ||||||12,030|5,630| |Total resources||expended|||952,854|863,980| |Net income|||||18,438|49,981|