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|---|---|---|---|
|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|
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|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||||||
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||||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|
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|||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|
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||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||||
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||||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||
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||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||
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|||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||
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|||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||
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|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|
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|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|
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||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$2|167,371|
|Net book value||||
|At 31 March 2021|1,151|12,744|13,895|
|At31March 2020|1,535|4,061|5,506|
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||2021|2020f|
|---|---|---|
|Due within one year|||
|Trade dsbtom|349|24,979|
||349|24,970|
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|||2021f|2020f|
|---|---|---|---|
|Trade creditors||8,008|3,615|
|Other taxation and social security||3,532|5,862|
|Other creditors||475|20,577|
|Accrusls and defened|income|2,102|7,427|
|||14,117|37,561|
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|Statement offunds|||||
|---|---|---|---|---|
|Statement offunds - current year|||||
|||||Balance at|
||Balance at 1|||31 March|
||April 2020
5|Income
f|Expenditure
6|2021
5|
|Unrestricted
funds|||||
|General Funds - all funds|36~0|37$,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|
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|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|
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|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|
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