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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|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|||
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||||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.||||||||||||||
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||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||
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|||||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||
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|||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||
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|||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||
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|||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||
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|||||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||
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|||||||||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||
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|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||
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||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|
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|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||
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|||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|
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|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|
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|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|
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|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|
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||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|
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|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|
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