2023-03-31-accounts - Oriel Davies Gallery

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				Page
Reference and Administrative Details ofthe Charitable		company,	its Trustees and
Advisers
Trustees' Report				2-12
Independent Examiner's	Report			13-14
Statement of Financial	Activities			15
Balance Sheet
Notes to the Financial Statements				17-34

REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	DETAILS OF THE CHARITABLE COMPANY, ITSTRUSTEES AND
				ADVISERS
			FOR THE YEAR ENDED 31 NIARCH 2023
Trustees			M Brown
			SCotton
			L Morris, Treasurer
			H Rees-Leahy,	Co-Chair
			SRobertson
			S M Robertson,	Co-Chair
			T Simpson
			BTuke (resigned 6September 2022)
			SVicaiy
Company		registered
number			2881599
Charity	registered
number			1034890
Registered		office	The Park
			Newtown
			Powys
			SY162NZ
Chief executive officer			Steffan Jones-Hughes
Accountants			WR Partners
			Chartered Accountants
			Hafren House
			5St Giles Business Park
			Newtown
			Powys
			SY163AJ

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
		Note			6
Income from:
Donations and legacies						10,193
Charitable activities			335,374	46,800	382,174	365,586
Other trading activities			39,672		39,672	21,797
Investments			1,644		1,644	29
Other income			60,427		60,427	8,765
Total income			437,117	46,800	483,917	407,371
Expenditure on:
Charitable activities		8	321,488	55,129	376,617	344,253
Total expenditure			321,488	55,129	376,617	344,253
Net movement in funds			115,629	(8,329)	107,300	63,118
Reconciliation offunds:
Total funds brought	forward		232,976	22,959	255,835	192 817
Net movement in funds			115,629	(8,329)	107,300	53,118
Total funds carried	forward		348,605	14,630	363,235	2M,935

												2623		2022
								Note
Fixed assets
Tangible assets								13				I8452		10,512
investments								14				1		I
												1S,263		10,513
Current assets
Stocks								15		13,881			12,130
Debtors								16		18,048			f1,459
Cash at bank and in	hand								331,781				230,953
									363,720				254,542
Creditors: amounts failing			due within			one
year								17	(18,738)				(9,f20j
Net current assets												344,982		245,422
Total assets less currant			liabilities									363,235		255,935
Total net assets												383,238		255,935
Charity funds
Restricted funds								18				14,638		22,959
Unrestricted funds								18				348,66S		232,975
Total funds												363,23$		255,935
The charitable company was				enStled		to exempSon from audit				under		secgon 477 of the	Companies	Act 2006.
The members have	not	required			the company			to obtain	sn		audit	for the year in quesgon in accordance with
section 476ofCompanies			Act 2008.
The Trustees acknowledge				their responsiblfities				for complying			with	the requirements	ofthe Act	with respect to
accounting records and prepamSon						ofSnancial		statemenls.
The Iinsndal statements		have been				prepared	in accordance			with the provisions applicable to entities subject tc
the smail companies	regime.

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	6		6
COVID-19 grants			10,193
Total 2023			10,193
Total 2022	10,193	10,193

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
			6	6
Other income from charitable		activities	79,498	30,000	109,496	115,301
Exhibitions	and related income		255,878	16,800	272,678	251,285
Total 2023			335,374	46,800	382,174	366,586
Total 2022			281,773	84,813	366,586

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2023f	2023 6	2023 6	2022f
ACW Revenue	Grant			229,654		229,554	226,260
Powys County Council		- Criw Celf			14,075	14,075	1,050
Powys Revenue				9,935		9,935	9,935
PCC Projects				9,170	1,775	10,945	4,500
ACW other grants				7,119	950	8,069	9,540
Total2023				255,878	16,800	272,678	251,285
Total 2022				236,195	15,090	251,285
Other income from charitable			activities
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2023 8	2023f	2023	2022f
Sales of publications				115		115	55
Other income from exhibitions				5,000		5,000	10,375
Education work	shop fees			2,101		2,101	735
Friends contribution				1,719		1,719
Consultancy 8 other services				1,756		1,756	675
Venue hire fees				851		851	1,515
Event and ticket	sales			3,026		3,026
Donations				5,028		5,028	1,SSS
Sales ofwork				28,954		28,954	22,284
Other earned income - ON l RO250 l PCC
Projects				30,046	25,000	55,046	74,481
Grants - non exhibition		related		900	5,000	5,900	3,414
Total 2023				79,496	30,000	109,496	115,301
Total 2022				57,375	69,723	137,098

		Unrestricted	Total	Total
		funds	funds	funds
		2023f	2023f	2022
Cafe	income	8,900	8,900	196
Shop	and internet sales	30,772	30,772	21,601
		39,672	39,672	21,797
Total	2022	21,797	21,797

			Unrestricted	Total	Total
			funds	funds	funds
			2023 6	2023 6	2022f
Investment	income		1,644	1,644	29
Total 2023			1,644	1,644	29
Total 2022
Other incoming resources
			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
			6	6
Museum &	Galleries	Exhibition Tax Relief	60,427	60,427	8,766
Total 2022			8,766	8,766

		Unrestricted	Restricted
		funds	funds	Total	Total
		2023 6	2023 F	2023f	2022f
Exhibitions	and related activities	277,922	55,129	333,051	318,395
Shop		37,149		37,149	25,858
Cafe		6,417		6,417
		321,488	55,129	376,617	344,253
Total 2022		233,608	110,645	344,253

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2023f	2023f	2023	2022f
Exhibitions	and related activities	174,681	158,370	333,051	318,395
Shop		37,149		37,149	25,858
Cafe		6,417		6,417
Total 2023		218,247	158,370	376,617	344,253
Total 2022		187,154	157,099	344,253

				Exhibition			Total	Total
				costs	Shop	Caf	funds	funds
				2023	2023	2023	2023	2022
					6	6		Z
Staff costs				77,145	17,423		94,568	79,291
Exhibition Costs				80,938			80,938	88,510
Printing, postage,		stationery	&
marketing				13,835			13,835	5,448
Bank charges	&	interest			1,147		1,147	681
General expenses				2,763	1,053		3,816	1,403
Shop purchases					17,491		17,491	11,741
Bags, stationery		and
consumables					35		35	80
Cafe costs						6,417	6,417
Total 2023				174,681	37,149	6,417	218,247	187,154
Total 2022				I51,295	25,858		187,154

								Exhibition	Total	Total
								costs	funds	funds
								2023 6	2023 6	2022f
Staff costs								72,691	72,691	65,215
Depreciation								7,819	7,819	3,533
Water rates								(3,411)	(3,411)	1,342
Light and heat								11,484	11,484	10,772
Premises costs								18,148	18,148	29,920
Printing, postage &stationery								251	251	262
Rent								13,286	13,286	13,285
Insurance								4,142	4,142	4,750
Bank charges	&interest							245	245	257
General expenses								6,947	6,947	5,396
Disallowable	VAT							7,725	7,725	14,903
Contingency	building	maintenance						11,145	11,145
Governance	costs							7,898	7,898	6,352
Total2023								158,370	158,370	157,099
Total 2022								157,099	157,099
Independent	examiner's		remuneration
									2023	2022
									6
Fees payable	to the	charitable		company's	independent	examiner		for the
independent	examination		ofthe charitable		company's	annual	accounts		2,500	2,280
Fees payable	to the	charitable		company's	independent	examiner		in respect
of;
All taxation advisory		services		not included	above				4,766	95
All other services not included				above					165

Staffcosts
			2023	2022
			6	5
Wages and	salaries		150,712	130,491
Social security costs			11,062	9,183
Contribution	to defined contribution	pension schemes	5,485	4,853
			167,259	144,507

The average number ofpersons employed by the	charitable company during the year was as fo	llows:
	2023	2022
	No.	No.
Administrative	10

	Fixtures and	Office
	fittings	equipment	Total
	K		8
Cost or valuation
At 1 April 2022	83,490	98,026	181,516
Additions		15,559	15,559
At 31 March 2023	83,490	113,585	197,075
Depreciation
At 1 April 2022	82,723	88,281	171,004
Charge for the year	384	7,435	7,819
At 31 March 2023	83,107	95,716	178,823
Net book value
At 31 March 2023	383	17,869	18,252
At 31March 2022	767	9,745	10,512

14.	Fixed asset investments	Fixed asset investments	Fixed asset investments
											Investments
												in
											subsidiary
											companies
												6
	Cost or valuation
	At 1 April 2022
	At 31 March 2023
	Principal subsidiaries
	The following was a subsidiary				undertaking		ofthe charitable	company:
	Name									Company	Holding
										number
	Relish Newtown		Ltd							08846659	1	00'/o
	The subsidiary	has remained		dormant		during	the year with	no financial	activity.
15.	Stocks
										2023	2022
										6
	Finished goods		and goods for		resale					13,891	12,130
16.	Debtors
										2023	2022
	Due within one		year
	Trade debtors									39	2	593
	Other debtors									18,009	S,	MS
										18,048	1f,459

		2023	2022
		8
Trade creditors		9,191	3,257
Other taxation and social security		6,282	2,959
Other creditors		765	519
Accruals and deferred	income	2,500	2,375
		18,738	9,120

Statement of	funds - current year
					Balance at
		Balance at 1			31 March
		April 2022	Income	Expenditure	2023
		8	E	6	6
Unrestricted	funds
General Funds		232,976	437,117	(321,488)	348,605
Restricted funds
PCC Criw Celf			14,075	(9,434)	4,641
Diverse Voices		5,550	950	(2,048)	4,452
Hidden Young	Lives I Raising Aspirations	2,116	1,775	(3,354)	537
PCC Winter ofWellbeing		916		(916)
Rekindle		5,000		(5,000)
Robert Owens	250	9,377	25,000	(34,377)
Ashley Family	Foundation		5,000		5,000
		22,959	46,800	(55,129)	14,630
Total offunds		255,935	483,917	(376,617)	383,235

Statement of	funds -prior year
					Balance at
		Balance at			31March
		1April 2021	Income	Expenditure	2022
			8	6
Unrestricted	funds
General Funds		144,026	322,558	(233,608)	232,976
Restricted funds
PCC projects		31,976		(31,976)
Open Newlown		16,815		(16,815)
Diverse Voices			8,550	(3,000)	5,550
Hidden Young	Lives/ Raising Aspirations		6,763	(4,647)	2,116
PCC Summer	of Fun		3,000	(3,000)
PCC Winter ofWellbeing			1,500	(584)	916
Rekindle			5,000		5,000
Robert Owens	250		60,000	(50,623)	9,377
		48,791	84,813	(110,645)	22,959
Total offunds		192,817	407,371	(344,253)	255,935

Analysis of net assets between funds - cur	rent year
	Unrestricted	Restncted	Total
	funds	funds	funds
	2023	2023	2023
		8	8
Tangible fixed assets	18,252		18,262
Fixed asset investments	1		1
Current assets	349,090	14,630	363,720
Creditors due within one year	(18,738)		(18,738)
Total	348,605	14,830	363,235

	Unrestricted	Restricted	Total
	funds	funds	funds
	2022f	2022	2022
Tangible fixed assets	10,512		10,512
Fixed asset investments	1		1
Current assets	231,583	22,959	254,542
Creditors due within one year	(9,120)		(9,120)
Tl	232,976	22,959	255,935

under non	-can	cellable operating leases as follows:
			2023	2022
Not later than		1 year	1,848	1,411
Later than	1 year and not later than 5years		1,192	2,821
			3,040	4,232