| Page | |||
|---|---|---|---|
| Reference and administrative detags ofthe charitable |
company, | Its Trustees and | |
| advisers | |||
| Trustees' report | 2-12 | ||
| Independent examiner's report |
13-14 | ||
| Statement offinancial activities | 15 | ||
| Balance sheet | 16-17 | ||
| Notes to the financial statements | 18-35 |
| Trustees | M Brown | ||||||
|---|---|---|---|---|---|---|---|
| RClarke | |||||||
| BCole (resigned 18November | 2020) | ||||||
| SCotton | |||||||
| A Oxenham, | Chair | ||||||
| C Ponnuthurai | (appointed | 18November 2020) | |||||
| H Ress-Leahy | (appointed | 18November 2020) | |||||
| SRobekson | (appointed 18November 2020) | ||||||
| SM Robertson | (appointed | 18November 2020) | |||||
| TSimpson | |||||||
| BTuks (appointed | 18November | 2020) | |||||
| SVicary | |||||||
| Company | mglstered | ||||||
| number | 2881599 | ||||||
| Charity registered | |||||||
| number | 1034890 | ||||||
| Registered | office | The Park | |||||
| Newtcwn | |||||||
| Powys | |||||||
| SY162NZ | |||||||
| Chief execugivs oflicer | Steffan Jones-Hughes | ||||||
| Accountants | WR Paknsrs | ||||||
| Chakered Accountants | |||||||
| Hafrsn House | |||||||
| 5StGiles Business | Park | ||||||
| Newtcwn | |||||||
| Powys | |||||||
| SY163AJ |
| Unmstricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | 5 | 5 | 5 | |||
| Income from: | ||||||
| Donations and |
legacies | 1$3,$98 | 1$3,$98 | |||
| Charitable ac8vities |
246,$26 | 27,513 | 273,830 | 304,050 | ||
| Investments | 48 | 48 | 53 | |||
| Total Income | $70,772 | 27,513 | 407,285 | 394,103 | ||
| Expenditure on: |
||||||
| Charitable acbvities |
272,206 | 24,473 | 296,879 | 309,428 | ||
| Total expenditure | 272,206 | 24,473 | 296,679 | 300,428 | ||
| Net movement | in funds | 107,566 | 3,040 | 110,606 | 84,877 | |
| Reconciliation | offunds: | |||||
| Total funds brought forward | $6,460 | 45,751 | 82411 | (2,488) | ||
| Net movement | in funds | 107,566 | 3,040 | 110,606 | 84,877 | |
| Total funds carried forward | 144,026 | 48,701 | 192,817 | 82,211 |
| BALANCE SHEET | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| AS AT $1 MARCH 2021 | ||||||
| 2021 | 2020 | |||||
| Note | 8 | 6 | ||||
| Fixed assets | ||||||
| Tangible assets | 10 | 1$,895 | 5,596 | |||
| Investments | 11 | 1 | 1 | |||
| 13,896 | 5,597 | |||||
| Cunent assets | ||||||
| Stocks | 12 | 8,928 | 6,960 | |||
| Debtors | 13 | 24,979 | ||||
| Cash at bank and in hand | 18$,761 | 82,256 | ||||
| 193,038 | 114,195 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 14 | (14,117) | (37,581) | |||
| Net current assets | 178,921 | 76,614 | ||||
| Total assets less current liabilities | 192,817 | 82,211 | ||||
| Total net assets | 192,817 | 62,211 |
| BALANCE SHEET (CONTINUED) | ||||
|---|---|---|---|---|
| AS AT 31 MARCH 2021 | ||||
| Note | 2021 8 |
2020f | ||
| Charity funds | ||||
| Restricted funds | 15 | 48,791 | 45,751 | |
| Unrestricted | funds | 15 | 144,026 | 36.460 |
| Total funds | 192,817 | 82,211 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021f | 2021 8 |
2020f | |
| COVID-19 grants | 133,398 | 133,398 | |
| Total 2021 | 133,398 | 133,398 | |
| Total 2020 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 6 |
2021f | 2021 6 |
2020 5 |
|||
| Other income | 20,066 | 20,066 | 103,748 | |||
| Exhibitions and |
related income | 226,260 | 27,513 | 253,773 | 290,304 | |
| Total 2021 | 246,328 | 27,513 | 273,6$9 | 394,050 | ||
| Total 2020 | 849,137 | 44,913 | 394,050 | |||
| Exhibitions and related Income |
||||||
| Unrestricted | Restrhted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2021 6 |
2021 6 |
2021 6 |
2020f | |||
| ACW Revenue | Grant | 226,260 | 226,260 | 223,798 | ||
| Powys County | Council - Criw Calf | 9,450 | ga50 | 10,700 | ||
| Powys Revenue | 15,763 | 15,763 | 21,598 | |||
| ACW Training | Grant | 12935 | ||||
| PCC Projects | 2,300 | 2,$00 | 4,488 | |||
| Open Newlown | 18,815 | |||||
| Totsl2021 | 242,023 | 11,750 | 253,773290,304 | |||
| Total 2020 | 245,391 | 44,913 | 290,304 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 6 |
2021 6 |
2020f | |
| Sales of publications | 229 | ||
| Other income from exhibitions | 807 | 807 | 70 |
| ExhibiTion hire fees &collaborations | 3,334 | S,SS4 | 10,436 |
| Education work shop fees | 895 | 895 | 4,396 |
| Friends contribution | 750 | 750 | |
| Cafe rent | 5,072 | 5,072 | 6,658 |
| Internet sales | 157 | 157 | |
| Shop income | 6,451 | 8,451 | 24,077 |
| Venue hire fees | 396 | 398 | 3,169 |
| Other income | 38 | 38 | 25,407 |
| Donations | 836 | 836 | 1,787 |
| Sales ofwork | 1,330 | 1,330 | 27,517 |
| Total 2021 | 20,066 | 20,066 | 103,748 |
| Total 2020 | 103,746 | 103,746 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021f | 2021f | 2020 5 |
||
| Investment | income | 48 | 48 | 53 |
| Total 2021 | 48 | 48 | 53 | |
| Total 2020 | 53 | 53 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||
| directly | costs | funds | funds | ||
| 2021 8 |
2021 | 2021 6 |
2020f | ||
| Exhibitions | and related income | 141,846 | 150,198 | 292,044 | 290,887 |
| Shop | 4,635 | 4,835 | 18,428 | ||
| Cafe | 1f1 | ||||
| Total 2021 | 146rl81 | 150,198 | 296,679 | 300,420 | |
| Tote/2020 | 'l57,223 | 152,203 | 309,425 |
| Exhibition | Total | Total | ||||
|---|---|---|---|---|---|---|
| costs | Shop | Cafe | funds | funds | ||
| 2021f | 2021 8 |
2021 8 |
2021 8 |
2020 | ||
| Staff costs | 37,455 | 37,455 | 94,555 | |||
| Exhibition Costs | 102,170 | 102,170 | 47,265 | |||
| Printing, postage |
8 stationery | 1,086 | 1,086 | 547 | ||
| Bank charges & | interest | 373 | 373 | 1,145 | ||
| General expenses | 1,135 | 423 | 1,558 | 821 | ||
| Shop purchases | 3,788 | 3,786 | 12,848 | |||
| Bags, slationery consumables |
and | 53 | 53 | 31 | ||
| Cafe costs | 111 | |||||
| Total 2021 | 141,846 | 4,635 | 146,481 | 157,223 | ||
| Tota/2020 | 138,884 | 18,428 | 111 | 157,223 |
| Analysis | ofexpenditure by activities (continued) |
|---|---|
| Analysis | ofsupport costs |
| Exhibition | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| costs | funds | funds | |||||||
| 2021 | 2021f | 2020f | |||||||
| Staffcosts | 66,679 | 68,679 | 09,084 | ||||||
| Depmciation | 4,632 | 4,632 | 1,889 | ||||||
| Water rates | 712 | 712 | 1,880 | ||||||
| Ught and heat | 7,116 | 7,116 | 13,890 | ||||||
| Premises costs | 28,471 | 28,471 | 19,875 | ||||||
| Printing, postage &sta0onery |
173 | 173 | 512 | ||||||
| Rent | 13,286 | 13,286 | 13,285 | ||||||
| Insurance | 3,466 | 3rl66 | 5,304 | ||||||
| Bank charges | &interest | 295 | 295 | 458 | |||||
| General expenses | 9,512 | 9,512 | 5,177 | ||||||
| Disallowable | VAT | 10,898 | 10.696 | 11,535 | |||||
| Governance | costs | 2,958 | 2,958 | 8,955 | |||||
| Total 2021 | 150,198 | 150,198 | 152,203 | ||||||
| Tolal 2020 | 152,203 | 152,203 | |||||||
| 7. | Independent | examiner's | remuneration | ||||||
| 2021 6 |
2020f | ||||||||
| Fees payabh | to Ihe charitable | company's | independent | examiner for the | |||||
| independent | examination | ofthe charitable | company's | annual accounts | 2,100 | 5,050 |
| Staffcosts | |||||
|---|---|---|---|---|---|
| 2021f | 2020 | ||||
| Wages and | salaries | 97,655 | 151,008 | ||
| Social security costs | 4,201 | 9,188 | |||
| Contribution | to defined | contribution | pension schemes | 4878 | 4,023 |
| 106,334 | 164,219 |
| FIxtures and | Office | ||
|---|---|---|---|
| fIISngs 6 |
equipment 6 |
Total | |
| Cost orvaluation | |||
| At 1 April 2020 | 83,490 | 84,845 | 168,$$5 |
| Addi8ons | 12,931 | 12,9$1 | |
| At 31 March 2021 | 83,490 | 97,776 | 181,266 |
| Depmtdatlon | |||
| At 1 April 2020 | 81,955 | 80,784 | 162,739 |
| Charge for the year | 384 | 4,248 | 4,632 |
| At 31 March 2021 | 82,339 | 85,0$2 | 167,371 |
| Net book value | |||
| At 31 March 2021 | 1,151 | 12,744 | 13,895 |
| At31March 2020 | 1,535 | 4,061 | 5,506 |
| 2021 | 2020f | |
|---|---|---|
| Due within one year | ||
| Trade dsbtom | 349 | 24,979 |
| 349 | 24,970 |
| 2021f | 2020f | ||
|---|---|---|---|
| Trade creditors | 8,008 | 3,615 | |
| Other taxation and social security | 3,532 | 5,862 | |
| Other creditors | 475 | 20,577 | |
| Accrusls and defened | income | 2,102 | 7,427 |
| 14,117 | 37,561 |
| Statement offunds | ||||
|---|---|---|---|---|
| Statement offunds - current year | ||||
| Balance at | ||||
| Balance at 1 | 31 March | |||
| April 2020 5 |
Income f |
Expenditure 6 |
2021 5 |
|
| Unrestricted funds |
||||
| General Funds - all funds | 36~0 | 37$,772 | (272,206) | 144,026 |
| Restricted funds | ||||
| PCC Criw Calf Year 6 | 82$ | (829) | ||
| PCC Criw Calf Ceredigion | 7,573 | (7,573) | ||
| ACW Creative Collaborstions | 16,071 | (16,071) | ||
| PCC projects | 4,463 | 27,513 | 31,976 | |
| Open Newtown | 16,815 | 16,815 | ||
| 45,751 | 27,513 | (24,473) | 48,791 | |
| Total offunds | 82,211 | 407,285 | (286,679) | 192,817 |
| Statement of | funda - prior year | ||||
|---|---|---|---|---|---|
| Balance el | |||||
| Balance ei | 3'I Memh | ||||
| 1Apnl 2019 | Income | Expenditum | 2020 | ||
| 8 | |||||
| Unrestricted | funds | ||||
| General Funds - sll funds | (12122) | 349,190 | (300,808) | 38,480 | |
| Restricted funds | |||||
| PCC Crlw Calf Year 6 | 829 | 829 | |||
| PCC Crlw Calf Cersdigion | 5,891 | 10,700 | (8,818) | 7,573 | |
| ACW Creagve | Collaborations | 3,130 | 12,935 | 18,071 | |
| PCC projects | 4,483 | 4,483 | |||
| Open Nswtown | 18,8'l5 | 18,815 | |||
| 9,858 | 44,9'l3 | (8,818) | 45,751 | ||
| Total offunds | (2,488) | 394,103 | (309,428) | 82,211 |
| Summary offunds - prior year | ||||
|---|---|---|---|---|
| Balance al | ||||
| Balance at | 31March | |||
| 1April 2019f | Income f |
Expenditure f |
2020 | |
| General funds | (12,122) | 349,190 | (300,608) | 36,460 |
| Restricted funds | 9,656 | 44,913 | (8,818) | 45,751 |
| (2,488) | 394,'l03 | (309,426) | 82,211 |
| Analysis ofnet assets between funds Analysis ofnet assets between funds - cunent year |
|||
|---|---|---|---|
| Unrestricted | Restrlcled | Total | |
| funds | funds | funds | |
| 2021f | 2021f | 2021f | |
| Tangible fixed assets | 13,895 | 13,895 | |
| Cunent assets | 144,247 | 48,791 | 193,938 |
| Creditors due within one year | (14,116) | (14,116) | |
| Tolal | 144,028 | 48,791 | 192,817 |
| Analysis ofnet assets between funds - prior year | |||
| Unrestricted | Reslncted | Total | |
| funds | funds | funds | |
| 2020f | 2020f | 2020 | |
| Tangible 6xed assets | 5,596 | 5,598 | |
| Fixed asset investments | 1 | 1 | |
| Current assets | 88,444 | 45,751 | 114,195 |
| Creditom due within one year | (37,581) | (37,581) | |
| Total | 36,460 | 45,751 | 82,211 |