OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Unrestricted Funds Total Total
Income Capital 2022 2021
Note E E
Income from:
Royalties 2 440,568 440,568 4,692
Interest from bank deposits 135 135 171
Total income 440,703 440,703 4,863
Expenditure
on:
Charitable
activities		 3 201,929 201,929 101,457
Total expenditure 201,929 201,929 101,457
Net income before other
recognised
(losses)		 238,774 238,774 (96,594)
Fair value movement of reversionary
interest (18,627) (18,627)
Net movement
in funds		 238,774 (18,627) 220,147 (96,594)
Reconciliation
of Funds:
Total funds
brought		 forward at
1 April 2021 969,332 969,332 1,065,926
Total funds carried forward at F 238,774 F 950,705 F 1,189,479 E 969,332
31 March 2022

Unrestricted Unrestricted Funds
Note 2022
f		 2021
f
Intangible
Fixed Assets:
Reversionary
interest		 in "The Mousetrap" play 5/6 516,081 534,708
Current Assets:
Debtors 7 207,854 1,420
Cash at bank 8 1,008,805 1,025,635
1,216,659 1,027,055
Liabilities:
Creditors
-amounts		 falling due within one year 9 (211,149) (167,674)
Net Current Assets 1,005,510 859,381
Total Assets less Current Liabilities 1,521,591 1,394,089
Creditors
- amounts		 falling due in more than one year 10 (332,112) (424,757)
Total Net Assets L' 1,189,479 E 969,332
The funds ofthe charity:
Unrestricted
Capital		 Funds 950,705 969,332
Unrestricted
Income		 Funds 238,774
Total charity funds E 1,189,479 E 969,332
Approved
on behalf		 ofthe trustees:

FOR THE FOR THE FOR THE YEAR ENDED 31 MARCH 2022 YEAR ENDED 31 MARCH 2022 YEAR ENDED 31 MARCH 2022
2022 2021
3. CHARITABLE ACTIVITIES E
Grants made to charitable organisations:
Mousetrap
Foundation
for the Arts		 (Mousetrap Theatre Projects) 40,000
Valley Kids 30,000
Buxton International
Festival		 18,600
Benedetti
Foundation		 10,000
Hijinx Theatre 10,000
MusicFest Aberystwyth 10,000
National
Opera Studio		 10,000 5,000
Theatr na nOg 10,000
Afan Arts 7,000
UPROAR 6,000
Art UK (Public Catalogue
Foundation)		 5,000
Carmathen
& District Youth Opera		 5,000
Changing
Tunes		 5,000
Vale of Glamorgan
Festival		 5,000
Aberystwyth
University		 4,800
Longborough
Festival Opera		 4,500
Bangor New Music Festival 4,000
NMC Recordings 4,000
National
Dance Company
Wales		 20,000
National
Museum
ofWales		 12,500
National
Eisteddfod
Wales		 10,000
National
Youth Arts Wales		 7,000
OPRA Cymru 6,500
Ffotogallery 5,000
Mid Wales Music Trust 5,000
Forget-me-not-Chorus 3,000
Grants made to charitable organisations 188,900 74,000
Finance income arising
on new long term grant		 commitments (27,888) (12,742)
Finance income written
back		 on long term commitments 12,742 14,421
Sub-total 173,754 75,679
Governance costs (see note 4) 28,175 25,778
Total charitable activities f 201,929 L 101,457
4. GOVERNANCE COSTS
Consultant
director's
remuneration		 and expenses 15,600 12,600
Accountancy
and related administration		 fees 10,290 13,134
Independent
examiner fees		 2,100
Bank charges 515 499
Reclaimed
VAT on accountancy		 fees (330) (455)
28,175 E 25,778

FOR THE YEAR ENDED 31 MARCH 2022 FOR THE YEAR ENDED 31 MARCH 2022 FOR THE YEAR ENDED 31 MARCH 2022 FOR THE YEAR ENDED 31 MARCH 2022 FOR THE YEAR ENDED 31 MARCH 2022
2022 2021
7. DEBTORS E
Adam Spiegel Productions
Limited - royalties		 due 179,396
Agatha
Christie
Ltd - Curtain
royalties due		 28,458 1,420
207,854 F 1,420
8. CASH AT BANK
Cash with Coutts 8Co - on current account 284,552 414,168
-on reserve account 602,655 602,594
887,207 1,016,762
Cash on client monies account with Rawlinson 8 Hunter LLP 121,598 8,873
1,008,805 F 1,025,635
9. CREDITORS - Amounts
falling due within		 one year
Charitable
commitments
to:
Mousetrap
Foundation
for the Arts (Mousetrap		 Theatre Projects) 20,000
Welsh
National
Opera
Limited		 65,000 75,000
Sinfonia
Cyrnru		 12,500
Hijinx Theatre 10,000
Musicfest Aberystwyth 10,000
Valley Kids 10,000
Buxton International
Festival		 8,600
Royal Welsh College of Music 8 Drama 5,866 5,866
Vale of Glarnorgan
Festival		 5,000
Longborough
Opera		 4,500
Agatha
Christie Festival		 2,500
National
Dance Company
Wales		 20,000
National
Museum
ofWales		 12,500
National
Eisteddfod Wales		 10,000
National
Youth Arts Wales		 7,000
Opra Cyrnru 6,500
Mid Wales Music Trust 5,000
Agathie
Christie Festival (IACF)		 5,000
Forget-me-not-Chorus 3,000
Charitable
commitments
(balance)		 153,966 149,866
HM Revenue
&Customs - VAT		 35,073 468
Accountancy
and related administration		 fees 17,610 11,940
Consultant
director's fees and expenses		 2,400 3,600
Independent
examiner's
fees		 2,100 1,800
211,149 6 167,674

2022 2021
CREDITORS - Amounts falling due in more than one year F
Charitable commitments:
Welsh National Opera Limited 332,112 412,621
Sinfonia Cyrnru 12,136
332,112 F 424,757

hold elsewhere
is not de		 pendent
on fu		 nding
from		 charity.
Commitments Balance
Charity Reg no. Connected Person Position 2022 2021 at 31.3.22
B
Forget-me-not-Chorus 1151812 Rebecca Evans (1)see below 3,000

ANALYS IS OF NET A SSETS BET W EEN F UN D S S
Income Capital Total Total
Fund Fund 2022 2021
E E
Intangible assets 516,081 516,081 534,708
Debtors 207,854 207,854 1,420
Cash 574,181 434,624 1,008,805 1,025,635
Creditors (amounts
due within		 1 year) (211,149) (211,149) (167,674)
Creditors (amounts
due in more than		 1 year) (332,112) (332,112) (424,757)
Total Funds F 238,774 E 950,705 F 1,189,479 6 969,332
2022 2021
FINANCIAL
INSTRUMENTS
The carry amounts
ofthe charity's		 financial instruments are as follows:
Financial assets
Measured at fair value through SOFA:
- Intangible
fixed asset		 reversionary interest 516,081 534,708
- Cash at bank 1,008,805 1,025,635
Measured at amortised cost:
- Accrued income 207,854 1,420
Financial liabilities
Measured at amortised cost
- Accruals 57,183 17,808
The
income,
expenses,
net		 gains and net losses attributable to the
charity's financial
instruments		 are summarised as follows:
Income and expense
Measured at fair value through SOFA: