|||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|5| |Report ofthe Independent
Auditors|6|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|26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||for|the Year|Ended 31March|2023||| |---|---|---|---|---|---|---| ||||||31.3.23|31.3.22| ||||Unrestricted|Restricted|Total|Total| ||||fund|fund|funds|funds| |||Notes||f,||| |INCOME AND ENDOWMENTS FROM||||||| |Donations
and legacies||2|3,569||3,569|3,265| |Charitable
activities||5||||| |Theatre|||1,116,613||1,116,613|764,001| |Touring Productions|||134,416||134,416|129,255| |Commercial
trading|activities|19|21,390||21,390|12,195| |Other trading activities||3|125,288||125,288|39,464| |Investment
income||4|1,000||1,000|1,024| |Other income||||||34,283| |Total|||~1402276||~1402276|~983487| |EXPENDITURE ON||||||| |Raising funds||6|59,346||59,346|22,063| |Commercial
trading activities||19|20,579||20,579|24,845| |Charitable
activities||||||| |Theatre|||1,159,596|131,347|1,290,943|765,410| |Touring Productions|||161,346||161346|~165381| |Total|||1400 867|131347|~1532214|~977699| |NET INCOME/(EXPENDITURE)|||1,409|(131347)|(129,938)|5,788| |RECONCILIATION|OF FUNDS|||||| |Total funds brought forward|||642,994|3,802,356|4,445,350|4,439,562| |TOTAL FUNDS CARRIED FORWARD|||644,403|3671009|4315412|4445,350| ## |||31.03.23|31.03.22|31.03.23|31.03.22| |---|---|---|---|---|---| |||Group funds|Group funds|Charity
funds|Charity funds| ||Notes||||| |FIXEDASSETS|||||| |Tangible assets|13|3,828,618|3,963,155|3,827,928|3,962,230| |Investments|14|||~147455|140,839| |||3,828,618|3,963,155|3,975,383|4,103,069| |CURRENT ASSETS|||||| |Stocks|15|500|500|500|500| |Debtors|16|210,465|201,894|208,090|193,425| |Cash at bank and in hand||~527 866|~442 687|485 356|406 151| |||738,831|645,081|693,946|600,076| |CREDITORS|||||| |Amounts
falling due within one year|17|(252,037)|(162,886)|(249,594)|(152,661)| |NET CURRENT ASSETS||~486 794|~482 195|444 352|447 415| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||4,315,412|4,445,350|4,419,735|4,550,484| |NET ASSETS||4,315,412|4,445,350|4,419,735|4,550,484| |FUNDS|18||||| |Unrestricted
funds||644,402|642,993|748,725|748,127| |Restricted
funds||3 671 010|3802357|3671010|~802
57| |TOTAL FUNDS||||~441 ~&|~45 04 4| ## ## ||||||Cash Flow Statement||| |---|---|---|---|---|---|---|---| |||||for the|Year Ended 31March|2023|| |||||||31.3.23|31.3.22| |||||Notes|||| |Cash flows from operating||activities|||||| |Cash generated
from operations||||||86,746|~185 143| |Net cash provided
by operating
activities||||||~86746|185,143| |Cash Bows from investing||activities|||||| |Purchase oftangible
fixed assets
Loan advanced to subsidiary||||||(926)
~6,615|(2,610)
~10,925| |Net cash used in investing|activities|||||~7,541)|~13535)| |Change in cash snd cash|equivalents||in||||| |the reporting
period||||||79,205|171,608| |Cash and cash equivalents||at the|||||| |beginning
ofthe reporting||period||||406,151|~234 544| |Cash and cash equivalents||at tbe end|of||||| |the reporting
period||||||485,356|~406 151| ## ## |OPERATING ACTIVI|TIES|||| |---|---|---|---|---| ||||31.3.23|31.3.22| |Net (expenditure)/income|for the reporting|period (as per the||| |Statement ofFinancial|Activities)||(130,749)|18,438| |Adjustments
for:||||| |Depreciation
charges|||135227|135,545| |Increase in debtors|||(14,665)|(34,681)| |Increase in creditors|||~96933|~65 841| |Net cash provided
by operations|||86,746|~185 143| ## |ANALYSIS OF CHANGES IN NET FUND|S||| |---|---|---|---| ||At 1.4.22|Cash flow|At 31.3.23| |||f,|| |Net cash|||| |Cash at bank and in hand|406,151|79,205|485,356| ||406,151|~79205|485,356| |Total|406,151|79,205|485,356| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||DONATIONS|AND LEGACIES||| |---|---|---|---|---| ||||31.3.23|31.3.22| ||Donations||3,461|3,197| ||Subscriptions||108|68| ||||3,569|~3265| |3.|OTHER TRADING ACTIVITIES|||| ||||31.3.23|31.3.22| |||||8| ||Bar sales||125,288|39,464| |4.|INVESTMENT|INCOME||| ||||31.3.23|31.3.22| ||Caffi income||~1000|1,024| ## ||INCOME FROM C|H|ARITA|BLE ACTIVITIES|||| |---|---|---|---|---|---|---|---| |||||||31.3.23|31.3.22| |||||Activity|||| ||Ticket sales - live events|||Theatre||70,670|15,725| ||Cardigan
Castle events|||Theatre||70,208|| ||Cinema|||Theatre||257,899|104,809| ||Theatre hire|||Theatre||47,009|14,051| ||Other income|||Theatre||12,057|8,233| ||Cyngor Sir Ceredigion|||Theatre||14,000|18,073| ||Arts Council ofWales-||||||| ||consolidated
revenue|grant||Theatre||274,889|270,827| ||Cardigan
Town Council|||Theatre||2,500|2,500| ||Production
performance||fees|Theatre|||13,180| ||CD Sales|||Theatre||24,305|16,603| ||Other Voices grant|||Theatre||295,000|| ||Music Royalty income|||Theatre||12,167|3,722| ||Arts Council ofWales||||||| ||Culture Recovery Fund-||||||| ||revenue|||Theatre||9,942|296,278| ||Arts Council ofWales||-cost||||| ||ofliving grant|||Theatre||8,522|| ||Other Voices -wristband||||||| ||income|||Theatre||17,445|| ||Production
performance
Other production
income||fees|Touring Productions
Touring Productions||113,554
~20 862|120,816
8,439| |||||||~1251029|~893256| |6.|RAISING FUNDS||||||| ||Other trading
activities||||||| |||||||31.3.23|31.3.22| ||Purchases|||||59,346|22,063| |7.|CHARITABLE ACTIVITIES|||COSTS|||| |||||||Support|| ||||||Direct|costs (see|| ||||||Costs|note 8)|Totals| ||Theatre
Touring Productions||||879,288
~161346|411,655|1,290,943
~161346| ||||||~1040634|~411655|~1452,289| ## ## ## |||Governance|| |---|---|---|---| |Managetnent|Finance|costs|Totals| |~384 164|~14279|~13212|~411655| |Net inco|me/(exp|enditure|)
is stated alter charging/(crediting):||| |---|---|---|---|---|---| |||||31.3.23|31.3.22| ||||||f,| |Auditors'|remuneration|||3,150|3,100| |Auditors'|remuneration||for non audit work|1,880|1,320| |Depreciation
-||owned|assets|135,228|135,544| |Other operating||leases||261|194| ## ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||31.3.23|31.3.22| |Wages and salaries|||407,278|328,137| |Social security costs|||34,488|29,334| |Other pension costs|||22,920|21,033| ||||464,686|378,504| |The average monthly|number ofemployees|during the year was as follows:||| ||||31.3.23|31.3.22| |Theatre Management|||10|8| |Cleaning|||2|1| |Technicians|||1|1| ||||13|10| ||Notes to the Financial Statements - continued
for the Year Ended 31March 2023|Notes to the Financial Statements - continued
for the Year Ended 31March 2023|Notes to the Financial Statements - continued
for the Year Ended 31March 2023|Notes to the Financial Statements - continued
for the Year Ended 31March 2023|| |---|---|---|---|---|---| |12.|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||||| ||||Unrestricted|Restricted|Total| ||||fund|fund|funds| |||||f,|| ||INCOME AND ENDOWMENTS FROM||||| ||Donations
and legacies||3,265||3,265| ||Charitable
activities||||| ||Theatre||764,001||764,001| ||Touring Productions||129,255||129,255| ||Commercial
trading activities||12,195||12,195| ||Other trading activities||39,464||39,464| ||Investment
income
Other income||1,024
~34
83||1,024
~34283| ||Total||983,487||983,487| ||EXPENDITURE ON||||| ||Raising funds||22,063||22,063| ||Commercial
trading activities||24,845||24,845| ||Charitable
activities||||| ||Theatre||634,294|131,116|765,410| ||Touring Productions||~165381||~165381| ||Total||~846 583|~131116|~977699| ||NET INCOME/(EXPENDITURE)||136,904|(131,116)|5,788| ||RECONCILIATION|OF FUNDS|||| ||Total funds brought
forward||506,090|3,933,472|4,439,562| ||TOTAL FUNDS CARRIED FORWARD||~642 994|~3802356|4,445,350| ## ## ## |GROUP TANGIBLE FIXEDASSETS|||| |---|---|---|---| ||Freehold|Long|Plant and| ||property|leasehold|machinery| |COST|||| |At 1April 2022|651,048|5,661,118|1,050,968| |Additions|||926| |At 31March 2023|~651048|~5661 118|~1051894| |DEPRECIATION|||| |At 1 April 2022
Charge for year|247,398
~13021|2,117,909
114,291|1,034,671
8 151| |At 31March 2023|260,419|~2232200|~1042822| |NET BOOKVALUE
At 31March 2023|390,629|~3,428 918|~9072| |At 31March 2022|403,650|~3543,209|16,297| ||Fixtures||| ||and|Motor|| ||fittings|vehicles|Totals| ||6||6| |COST|||| |At 1Apri!2022|270,106|16,450|7,649,690| |Additions|||926| |At 31March 2023|~270 106|16,450|7,650,616| |DEPRECIATION|||| |At 1April 2022
Charge for year|270,106|16,451|3,686,535
~135463| |At 31March 2023|~270 106|~16451|3,821,998| |NET BOOKVALUE|||| |At 31March 2023|||3,828,618| |At 31March 2022|||3 963 155| ## ## ||||||||31.3.23|31.3.22| |---|---|---|---|---|---|---|---|---| ||Shares||||||100|100| ||Loans||||||147,355|140,739| ||||||||147,455|140,839| |||||||||Shares in| |||||||||group| ||~TVALUE|||||||undertakings| ||At 1 April 2022 and 31March 2023|||||||100| ||NET BOOK VALUE|||||||| ||At 31March|2023||||||100| ||At 31March|2022||||||100| |||||||||Loans to| |||||||||group| |||||||||undertakings| ||At 1 April 2022|||||||140,739| ||New in year|||||||6,616| ||At 31March|2023||||||14~7355| ||There were no investment||assets outside|the UK.||||| |15.|STOCKS|||||||| |||||31.03.23|31.03.22||31.3.23|31.3.22| |||||Group|Group||Charity|Charity| |||||||||6| ||Stocks|||500|51111||5310|500| |16.|DEBTORS:|AMOUNTS|FALLING DUE WITHIN ONE||YEAR|||| |||||31.03.23|31.03.22||31.3.23|31.3.22| |||||Group|Group||Charity|Charity| |||||8||8||| ||Trade debtors|||95,206|118,403||94,148|115,575| ||Other debtors|||54,980|||54,980|| ||VAT|||1,317|33,836|||28,195| ||Prepayments|and accrued|income|58962|49|655|58,962|~49655| |||||~0465|2~14||208,090|~193 425| ## |17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE|YEAR||| |---|---|---|---|---|---|---|---| |||||31.03.23|31.03.22|31.3.23|31.3.22| |||||Group|Group|Charity|Charity| |||||6||f,|| ||Trade creditors|||13,240|38,924|13,240|31,127| ||Third party funds||||4,759||4,759| ||Social security||and other taxes|8,337|7,327|8,337|7,327| ||VAT|||16,$19||16,819|| ||Other creditors|||2,443|2,572||144| ||Accruals and|deferred income||21119$|109304|211,198|~109304| |||||~252 037|~162 886|249,594|~152661| |18.|MOVEMENT||IN FUNDS||||| |||||||Net|| |||||||movement|At| ||||||Ai 1.4.22|in funds|31.3.23| ||||||f.||| ||Unrestricted|funds|||||| ||General fund||||748,127|598|748,725| ||Restricted funds||||||| ||Capital Fund||||3,802,357|(131,347)|3,671,010| ||TOTAL FUNDS||||4559494|~339749|4419733| ||Net movement||in funds, included|in the above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| |||||||8|| ||Unrestricted|funds|||||| ||General fund||||1,380,886|(1,380,288)|598| ||Restricted funds||||||| ||Capital Fund|||||(131,347)|(131,347)| ||TOTAL FUNDS||||~1,3$0886|~1337633|~1397493| ## ## ## |||||||Net|| |---|---|---|---|---|---|---|---| |||||||movement|At| ||||||At 1.4.21|in funds|31.3.22| |||||||8|| |Unrestricted|funds||||||| |General fund|||||598,573|149,554|748,127| |Restricted funds|||||||| |Capital Fund|||||3,933,473|(131,116)|3,802,357| |TOTAL FUNDS|||||~4532046|~18438|~4550 484| |Comparative|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|||||971292|~952 854)|18,438| |A current year|12months|and prior year 12 months|||combined position is as follows:||| |||||||Net|| |||||||movement|At| ||||||At 1.4.21|in funds|31.3.23| ||||||8||| |Unrestricted|funds||||||| |General fund|||||598,573|150,152|748,725| |Restricted funds|||||||| |Capital Fund|||||3,933,473|(262,463)|3,671,010| |TOTALFUNDS|||||~4532 046|~112311)|~4,419735| ## ## |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||||8| |Unrestricted|funds|||| |General
fund||2,352,178|(2,202,026)|150,152| |Restricted funds||||| |Capital Fund|||(262,463)|(262,463)| |TOTAL FUNDS||~2352 178|~2464 489)|112311| ## |||31.03.23|31.03.22| |---|---|---|---| |Turnover||21,390|12,195| |Costofsales and administrative|expenses|{220579|{224845| |Net profit for the period||811|(12,650)| |Summary ofassets and liabilities|||| |Fixed assets||690|925| |Current assets||44,885|45,005| |Current liabilities||(2,443)|(10,225)| |Long term liabilities||~147355|~140739| |Total net liabilities||(104,223)|1050| |Share Capital||100|100| |Profit and (loss) account||~104323|~105 134| |Financed by Theatr Mwldan||14 2|10503| ## ## ## ## |||for tbe Year Ended 31M|arch 2023|| |---|---|---|---|---| ||||31.3.23|31.3.22| |INCOME AND ENDOWMENTS||||| |Donations
and legacies||||| |Donations|||3,461|3,197| |Subscriptions|||108|68| ||||3,569|3,265| |Other trading activities||||| |Bar sales|||125,288|39,464| |Investment
income||||| |Caffi income|||1,000|1,024| |Charitable
activities||||| |Ticket sales - live events|||70,670|15,725| |Cardigan Castle events|||70,208|| |Cinema|||257,899|104,809| |Theatre hire|||47,009|14,051| |Other income|||12,057|8,233| |Cyngor Sir Ceredigion|||14,000|18,073| |Arts Council ofWales -|consolidated|revenue||| |grant|||274,889|270,827| |Cardigan Town Council|||2,500|2,500| |Production
performance|fees||113,554|133,996| |Other production
income|||20,862|8,439| |CD Sales|||24,305|16,603| |Other Voices grant|||295,000|| |Music Royalty income|||12,167|3,722| |Arts Council ofWales Culture Recovery Fund-||||| |revenue|||9,942|296,278| |Arts Council ofWales
Other Voices -wristband|-costofliving grant
income||8,522
~17445|| ||||1,251,029|893,256| |Other income||||| |Covid JRSgrant||||34,283| |Total incoming resources|||1,380,886|971,292| |EXPENDITURE||||| |Other trading
activities||||| |Bar costofsales|||59,346|22,063| |Charitable
activities||||| |Wages|||34,284|39,706| |Social security|||3,468|4,582| |Carried forward|||37,752|44,288| ## |||for the Year Ended 31|March 2023|| |---|---|---|---|---| ||||31.3.23|31.3.22| |||||f.| |Charitable
activities||||| |Brought forward|||37,752|44,288| |Rates and water|||2,341|1,557| |Insurance|||21,686|18,373| |Light and heat|||46,737|24,249| |Telephone
St internet|||15,951|17,751| |Postage and stationery|||704|514| |Advertising|||4,523|2,545| |Cardigan Castle event|costs||65,446|| |Cinema - film hire|||111,616|46,182| |Cinema - other costs|||339|1,378| |Touring production
costs||||1,152| |Repairs and renewals|||48,312|69,618| |Cleaning materials 8:support|||8,577|6,037| |Cleaning wages|||45,665|35,257| |Social security|||2,309|2,062| |Licences and Performing||Rights Society|2,667|4,648| |Programme
printing
and||distribution|19,504|7,450| |Other marketing
expenses|||11,774|9,319| |Grants to other organisations|||19,740|19,488| |Motor expenses|||1,032|385| |Production
Artist fees|||85,140|113,682| |Other Production
costs|||19,730|26,138| |Production
travel and|accommodation||8,273|7,398| |Other Voices expenses|||255,006|4,890| |CD Sales Costs|||20,929|13,081| |Live show performance||cost|49,654|| |Depreciation oftangible||fixed assets|~135227|~135545| ||||1,040,634|612,987| |Support costs||||| |Management||||| |Wages|||327,329|253,174| |Social security|||28,711|22,690| |Pensions|||22,920|21,033| |Other operating
leases|||261|194| |Staffand volunteers'|expenses||4,943|1,545| ||||384,164|298,636| |Finance||||| |Bank charges|||14,279|7,138| |Governance
costs||||| |Auditors'
remuneration|||3,150|3,100| |Auditors'
remuneration||for non audit work|1,880|1,320| |Directors' indemnity
insurance
Legal Stprofessional
fees|||1,520
~6662|1,520
~6090| ||||~13212|~12030| |Total resources expended|||~1511635|~952 854| |Net (expenditure)/income|||~130749|~IS 438|