2023-03-31-accounts

			Page
Report ofthe	Trustees		1-4
Independent.	Examiner's	Report
Statement of	Financial	Activities
Balance Sheet			7-8
Notes to the Financial Statements			9-17

FO	R THE YEAR ENDE	D 31MARCH	2023
	Total	Total	Total
	Unrestricted	Designated	Restricted	Funds	Funds
	Funds	Funds	Funds	2023	2022
Income and Expenditure
Incoming'resources
Gallery Income (2)	31,191		0	31,191	17,753
Other Income (2)	680		85	765	207
Trading Income (2)	22,583		36,264	58,846	49,937
Loca I Authority (2)	3,849		44,486	48,335	56,493
Arts Council ofWales (2)	141,323		6,980	148,303	134,377
Health Board (2)	16,053		4,351	20,404	9,345
Other Grant Income (2)	12,252		46,295	58,547	36,102
Total Incoming Reserves	227,931	0	138,461	366,392	304,214
Resources Used
Direct Charitable Expenditure
Project Costs (4)	91,392	0	140,596	231,988	154,440
Support Costs (5)	93,601	0	0	93,601	95,889
Administration Costs (6)	13,754	0	0	13,754	13,696
Gallery Costs (7)	54,249	0	0	54,249	28,387
	252,996	0	140,596	393,592	292,412
Net incoming / (outgoing)
resources before transfers	(25,065)	0	(2,134)	(27,200)	11,802
Transfers/Funds Introduced	0	0	0	0	0
Net movements in funds	(25,065)	0	(2,134)	(27,200)	11,802
Balances brought forward
at 31March 2022	82,417	7,500	2,135	92,052	80,250
Balances carried forward
at 31March 2023	57,352	7,500		64,852	92,052

						2023			2022
				Note	E
FIXEDASSETS
Tangible				9			9,155			10,884
Intangible				10
CURRENT ASSETS
Stock					890			890
Debtors				11	6,792			26,087
Cash at bank			and in hand		86,439			83,723
					94,121			110,700
CREDITORS
Amounts	falling due
within one		year		12	38,424			29,532
NET CURRENT ASSETS							55,697			81,168
TOTAL ASSETS LESS
CURRENT LIABILITIES							64,852			92,052
TOTAL ASSETS							64,852			92,052
RESERVES
Unrestricted			funds	13			57,352			82,417
Designated		funds		14			7,500			7,500
Restricted		funds		15			1			2,135
							64,852			92,052

INCOME RESOURCE	S
				Total	Unrestricted	Restricted
TRADING INCOME
Workshop fee				60		60
Room hire				1,331	1,331
Dance Money Classes				12,229	12,229
Adoption UK's Children		&Youn	g People	1,060	1,000	60
Llwynhendy ICC				4,987	500	4,487
Carmarthen Town Bid				2,692	150	2,542
Blaenau Gwent CBC/Head4ars				576	576
Caerphilly Arts				4,500		4,500
Merlins Walk				500	100	400
Ballet Cymru				4,833		4,833
Cardiff University				750		750
Stroke Association				480		480
E Morgan				924	130	794
CCC Communities4W+				590	70	520
Felinfoel Integrated	CC			480	60	420
Fundraising/donations				1,506	1,506
Links Llanelli				1,569	180	1,389
Living Memories				205		205
Llanelli Flying Starts				750	90	660
WWHAM				230	230
The Rowan Organisation				2,562	256	2,306
Pembrokeshire Peoples		First		578	518	60
Hijinx				190		190
Llanelli Mind				270	30	240
5 Phillips				3,318	332	2,986
H Jones				2,226	223	2,003
Diverse Cymru				3,318	332	2,986
5 Hopkins				3,318	332	2,986
Model Church in wales		Primary	School	365	365
Peter Llewellyn				140	140
Rubicon Dance				100	100
Small Steps Team				240	30	210
Tim Camau Bach				740	665	75
Tywi gate Trust				135	15	120
Crymych Leisure Centre				842	842
Ty Cwm Gwendraeth				250	250
Ysgol Bryn Teg
				58,846	22,583	36,264

				Tota I	Unrestricted	Restricted
	LOCAL AUTHORITY
	Pembrokeshire		County Council	12,754	1,275	11,478
	Carmarthenshire		County Council	21,058	1,142	19,916
'	Ceredigion County Council			12,642	1,432	11,210
	Pembs CC- Leisure			1,882		1,882
	Powys CC
				48,335	3,849	44,486
	ARTS COUNCIL		OF WALES
	Core Grant			136,393	136,393
	ACW Lottery			11,910	4,930	6,980
				148,303	141,323	6,980
	HEALTH BOARD
	Hywel Dda			20,404	16,053	4,351
				20,404	16,053	4,351
	OTHER GRANT		INCOME
	Pembrokeshire		Association	19,048	1,000	18,048
	Community Foundation ofWales			2,000		2,000
	CAVS			2,941	1,500	1,441
	Anter Teifi			7,223	1,659	5,564
	Cost of Living			4,228	4,228
	PAVS			4,440	3,500	940
	Katheryn Dodd			300		300
	Careres			1,167	125	1,042
	Moondance	Foundation		240	240
	NESTA			16,960		16,960
				58,547	12,252	46,295
	OTHER
	Bank Interest			207	207
	Bank Loyalty	Reward		53	53
	Menter Cwm	Gwendraeth		420	420
	DBCcheck			85		85
				765	680	85
	Gallery Income			31,191	31,191

2023	2022
f	f
15	15

		2023	2022
		E	f
Wages	and Salaries	119,267	105,623
Social	Security Costs	14,252	8,254
		133,519	113,877

4	PROJECT	COSTS		Unrestricted	Restricted	Total	Total
						2023	2022
						E	E
	Activities			89,110	139,452	228,562	149,320
	Telephone			565		565	422
	Printing,	stationery	& postage	331		331
	Travel						259
	Training						480
	Insurance			1,386		1,386	923
	Refreshments
	Equipment				1,144	1,144
	Venue Hire						2,961
	Subscriptions						75
				91,392	140,596	231,988	154,440

SUPPORT COSTS		Unrestricted	Restricted	Total	Total
				2023	2022
		E		f	f
Salaries		72,224		72,224	76,283
Training		25		25
Telephone		565		565	422
Printing &Stationery		331		331
Alarms		252		252	258
Insurance		1,386		1,386	923
Rent &Rates		6,293		6,293	9,364
Heat 8 Light		6,885		6,885	2,651
Financial Costs		1,590		1,590	1,400
Depreciation		2,289		2,289	2,721
Cleaning		480		480	612
Travel		529		529
Subscri ptions		310		310	51
Moving Costs		200		200	300
Repairs &Maintenance		191		191	903
Marketing		52		52
		93,601		93,601	95,891
ADMINISTRATION	COSTS
Salaries - Administration		8,568		8,568	7,154
Telephone		565		565	422
Printing &Stationery		331		331	517
Software/Online	subscriptions	1,391		1,391
Equipment Costs		2,117		2,117	2,843
Sundries		23		23	280
Postage		63		63
Solicitor Fees					152
Web Design update		331		331	1,167
Refreshment		261		261	59
Job Advert		105		105
Subscriptions					926
Translation					176
		13,754		13,754	13'696

7	GALLERY C	OS	T5
					Unrestricted	Restricted	2023	2022
					E	E	E	E
	Salaries - Gallery				8,567		8,567	7,154
	Postage, printing			and stationery	573		573		450
	Equipment	costs			581		581		88
	Card machine		costs		356		356		282
	Telephone				565		565		422
	Volunteer	expenses			1,955		1,955		370
	Gallery Artist		Payments		23,367		23,367	13,587
	Collectorplan		Interest		78		78		30
	Music License				344		344		295
	Repairs Maintenance				42		42
	Marketing				193		193
	Rent				10,000		10,000	3,332
	Rates				1,153
	Alarms				348		348		174
	Heat & Light				3,441		3,441		617
	Refreshments				337		337		28
	Sundries				144		144		176
	Insurance				1,386		1,386		923
	Cleaning				819		819		458
					54,249		53,096	28,386
8	SURPLUS FOR		THE YEAR				2023	2022
							E	E
	The deficit	is stated after the following:
	Depreciation						2,289	2,721
9	FIXEDASSETS
					Other	Computer	Gallery	Total
	COST
	At 1.4.22				13,448	25,586	9,201	48,235
	Additions						560		560
	Disposals
	At 31.3.23				13,448	25,586	9,761	48,795
	DEPRECIATION
	At 1.4.22				12,782	21,042	3,527	37,351
	Charge				133	909	1,247	2,289
	Disposals
	At 31.3.23				12,915	21,951	4,774	39,640
	NET 8OOK	VALUE
	At 31.3.23				533	3,635	4,987	9,155
	At 31.3.22				666	4,544	5,674	10,884

10	INTANGIBLE ASSETS	INTANGIBLE ASSETS
	COST			2,584
	ADDITIONS
				2,584
	DEPRECIATION
		At 1st April 2022		2,584
		Charge
		At 31st March 2023		2,584
	NET BOOK	VALUE
		At 31st March 2023
		At 31st March 2022
			2023	2022
			f	f
11	DEBTORS
	Trade Debtors		6,792	26,087
12	CREDITORS
	Monies received in advance		35,220	26,434
	Sundry Creditors		3,204	3,098
			38,424	29,532
13	UNRESTRICTED FUNDS
	Balance as at 31st March 2022		82,417	58,329
	Movement	in the year	(25,065)	24,088
	Balance as at 31st March 2023		57,352	82,417

14	DESIGNATED	FUND	Balance	Movement	in	Resources	Balance
			31March	Incoming		Outgoing	31March
			2022				2023
	Redundancy	Fund	7,500				7,500
			7,500				7,500

15	RESTRICTED	RESTRICTED	FUNDS	Balance	Movement	in	Resources	Balance
				31March	Incoming		Outging	31March
				2022				2023
				E	E		E	E
	Activities	(i)		2,135	138,461		-140,596
				2,135	138,461		-140,596

		Tangible	Intangible		Net Current
		Fixed	Fixed		Assets/	Total
		Assets	Assets		Liabilities
Restricted	Funds
Designated	Funds				7,500	7,500
Unrestricted	Funds	9,155			48,196	57,351
		9,155		0	55,697	64,852