2021-03-31-accounts

	Page
1	to	4
5	to	9
10	to	13
	14
15	to	16
	17
	18
19	to	32

Trustees
Mr J B Jones	Chairman Operations Manager
Mr C R Chown	Vice Chair Hotelier
Mr A H C Kammerling MBE	Friends President Director
Mr J D Williams	Chair o f Friends Researcher & Lecturer
Ms S J Wood	Gallery Partner
Mr G A Jones	Gallery Director
Mrs K Jones	Marketing Executive
Mrs G Griffith	Trustee
Mrs E M Rickards	Trustee
Ms G H Williams	Director
Mr I W Jones	Director
Ms M W Finch	Nursery and Music Teacher
Mrs L Richards	Director
Mrs R S Harris	Director	(appointed 19.10.20)

		31.3.21	31.3.20
		Unrestricted	Total
		funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies	2	534,472	111,806
Charitable activities	4
Activities in furtherance o f charitable objectives		386,322	407,374
Income from activities for generating funds		104,532	310,769
Management and administration		99,724
Y winllan incoming resources			14,370
Investment income	3	114	187
Other income		1,822	2,320
Total		1,126,986	846,826
EXPENDITURE ON
Raising funds	5	136,621	315,232
Charitable activities	6
Activities in furtherance o f charitable objectives		600	472
Finance costs		9,088	9,384
Cost o f generating funds		59,188	107,943
Management and administration		375,210	377,078
Y winllan expenditure		860	4,305
Depreciation		41,826	41,163
Total		623,393	855,577
NET INCOME/(EXPENDITURE)		503,593	(8,751)
RECONCILIATION OF FUNDS
Total funds brought forward		2,094,943	2,103,694
TOTAL FUNDS CARRIED FORWARD		2,598,536	2,094,943

		31.3.21	31.3.20
		Unrestricted	Total
		funds	funds
	Notes
FIXED ASSETS
Tangible assets	12	2,314,395	2,112,887
Artwork and sculpture investments	13	41,250	41,250
		2,355,645	2,154,137
CURRENT ASSETS
Stocks	14	12,162	13,769
Debtors	15	59,673	11,512
Cash at bank and in hand		352,334	79,091
		424,169	104,372
CREDITORS
Amounts falling due within one year	16	(39,547)	(36,011)
NET CURRENT ASSETS		384,622	68,361
TOTAL ASSETS LESS CURRENT
LIABILITIES		2,740,267	2,222,498
CREDITORS
Amounts falling due after more than one year	17	(141,731)	(123,555)
PROVISIONS FOR LIABILITIES	20		(4,000)
NET ASSETS		2,598,536	2,094,943
FUNDS	21
Unrestricted funds		2,598,536	2,094,943
TOTAL FUNDS		2,598,536	2,094,943

		31.3.21	31.3.20
	Notes
Cash flows from operating activities
Cash generated from operations	1	484,279	32,030
Interest paid		(8,383)	(6,939)
Net cash provided by operating activities		475,896	25,091
Cash flows from investing activities
Purchase o f tangible fixed assets		(243,336)	(11,083)
Interest received		114	187
Net cash used in investing activities		(243,222)	(10,896)
Cash flows from financing activities
New loans in year		50,000
Capital repayments in year		(9,431)
Net cash provided by financing activities		40,569
Change in cash and cash equivalents in
the reporting period		273,243	14,195
Cash and cash equivalents at the
beginning o f the reporting period		79,091	64,896
Cash and cash equivalents at the end of
the reporting period		352,334	79,091

OPERATING ACTIVITIES
		31.3.21	31.3.20
Net income/(expenditure) for the reporting period (as per the Statement o f Financial Activities)		503,593	(8,751)
Adjustments for:
Depreciation charges		41,826	41,163
Interest received		(114)	(187)
Interest paid		8,383	6,939
Provisions		(4,000)	4,000
Decrease/(increase) in stocks		1,607	(1,518)
Increase in debtors		(48,161)	(5,689)
Decrease in creditors		(18,855)	(3,927)
Net cash provided by operations		484,279	32,030
ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
	•At 1.4.20	Cash flow	At 313.21
Net cash
Cash at bank and in hand	79,091	273,243	352,334
	79,091	273,243	352,334
Debt
Debts falling due within 1 year	(3,072)	(22,391)	(25,463)
Debts falling due after 1 year	(123,555)	(18,176)	(141,731)
	(126,627)	(40,567)	(167,194)
Total	(47,536)	232,676	185,140

	31.3.21	31.3.20
Plas donations, legacies and similar incoming resources	230,507	69,806
Plas grants	4,350	42,000
Gift aid	4,515	−
Coronavirus support grants	295,100
	534,472	111,806

			31.3.21	31.3.20
	Other grants		295,100
3.	INVESTMENT INCOME
			31.3.21	31.3.20
	Deposit account interest		114	187
4.	INCOME FROM CHARITABLE ACTIVITIES
			31.3.21	31.3.20
		Activity
		Activities in furtherance o f charitable
	Workshop and courses	objectives		244
		Activities in furtherance o f charitable
	Room hire & functions	objectives	(833)	6,558
		Activities in furtherance o f charitable
	Accommodation	objectives	12,803	19,299
		Activities in furtherance o f charitable
	Gallery art sales	objectives	115,691	197,152
		Activities in furtherance o f charitable
	Shop sales	objectives	21,476	66,923
		Activities in furtherance o f charitable
	Shop art sales	objectives	29,344	90,349
		Activities in furtherance o f charitable
	Slop y plas	objectives	17,841	26,849
		Activities in furtherance o f charitable
	Phase 1 grants	objectives	190,000
	Car park charges	Income from activities for generating funds	4,203	7,090
	Carried forward		390,525	414,464

4.	INCOME FROM CHARITA	BLE ACTIVITIES −continued
			31.3.21	31.3.20
	Brought forward		390,525	414,464
	Cafe income	Income from activities for generating funds	89,998	303,679
	Eat out to help out grant	Income from activities for generating funds	10,331
	Furlough scheme	Management and administration	99,724
	WinIlan performances	Y winllan incoming resources	−	14,370
			590,578	732,513
5.	RAISING FUNDS
	Furtherance o f activity costs
			31.3.21	31.3.20
	Opening stock		13,769	12,322
	Purchases		44,749	135,123
	Closing stock		(12,162)	(13,769)
	Shop & gallery art costs		89,430	180,341
	Collector plan charges		835	1,215
			136,621	315,232
6.	CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs	note 7)	Totals
	Activities in furtherance o f charitable
	objectives	600		600
	Finance costs	−	9,088	9,088
	Cost o f generating funds	59,188		59,188
	Management and administration	318,076	57,134	375,210
	Y winllan expenditure	860	−	860
		378,724	66,222	444,946

SUPPORT COSTS
		Governance
	Finance	costs	Totals
Finance costs	9,088		9,088
Management and administration		57,134	57,134
	9,088	57,134	66,222

9.	AUDITORS' REMUNERATION
		31.3.21	31.3.20
	Fees payable to the charity's auditors for the audit o f the charity's financial
	statements	4,500
	Other assurance services		2,405
	Other non−audit accountancy services	,2,775	2,640
10.	TRUSTEES' REMUNERATION AND BENEFITS
		31.3.21	31.3.20
	Trustees' salaries	43,421	44,696
	Trustees' social security	4,780	4,977
	Trustees' pensions paid	5,155	5,232
		53,356	54,905

STAFF COSTS
	31.3.21	31.3.20
Wages and salaries	292,016	309,242
Social security costs	17,894	18,567
Other pension costs	3,011	3,606
	312,921	331,415

	31.3.21	31.3.20
Salaried trustee	1	1
All other employees	19	30
	20	31

TANGIBLE FIXED ASSETS
	Depreciable
	property
	at cost		Improvements	Siop y
	or	Non−depreciable	to	Plas
	revaluation	land	properties	equipment
COST
At 1 April 2020	1,072,347	391,824	923,578	3,465
Additions			233,414
At 31 March 2021	1,072,347	391,824	1,156,992	3,465
DEPRECIATION
At 1 April 2020	232,224		105,961	693
Charge for year	10,724		11,570	554
At 31 March 2021	242,948		117,531	1,247
NET BOOK VALUE
At 31 March 2021	829,399	391,824	1,039,461	2,218
At 31 March 2020	840,123	391,824	817,617	2,772

			Y winllan
	Plant and	Cafe	plant and	Computer
	machinery	equipment	machinery	equipment	Totals
	£	£	£	£	£
COST
At 1 April 2020	130,890	38,394	17,716	112,260	2,690,474
Additions	6,349			3,573	243,336
At 31 March 2021	137,239	38,394	17,716	115,833	2,933,810
DEPRECIATION
At 1 April 2020	101,680	25,078	14,915	97,036	577,587
Charge for year	7,112	2,664	560	8,644	41,828
At 31 March 2021	108,792	27,742	15,475	105,680	619,415
NET BOOK VALUE
At 31 March 2021	28,447	10,652	2,241	10,153	2,314,395
At 31 March 2020	29,210	13,316	2,801	15,224	2,112,887

Cost or valuation at 31	March 2021 is represented	by:
	Land &	Plant &
	Buildings	Machinery	Totals
		etc.
Revaluation	691,249		691,249
Cost	1,696,500	302,728	1,999,228
Additions	233.414	9 922	243.336
	2,621.163	312,650	2,933,813

		31.03.21	31.03.20
	−
Cost		1,929,914	L96,500

13.	ARTWORK AND SCULPTURE INVESTMENTS
			Total
	MARKET VALUE
	At 1 April 2020 and 31 March 2021		41,250
	NET BOOK VALUE
	At 31 March 2021		41,250
	At 31 March 2020		41,250
14.	STOCKS
		31.3.21	31.3.20
	Stocks	12,162	13,769
15.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.3.21	31.3.20
	Trade debtors	2,484	11,512
	Other debtors	21,116
	VAT	36,073
		59,673	11,512
16.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.3.21	31.3.20
	Bank loans and overdrafts (see note 18)	15,832	−
	Other loans (see note 18)	9,631	3,072
	Trade creditors	389	21,391
	VAT		2,558
	Other creditors	4,217	3,873
	Hsbc credit card	2,203	72
	Accrued expenses	7,275	5,045
		39,547	36,011

					31.3.21	31.3.20
Bank	loans	(see	note	18)	34,167
Other	loans	(see	note	18)	107,564	123,555
					141,731	123,555

	31.3.21	31.3.20
Amounts falling due within one year on demand:
Bank loans	15,832
Other loans	9,631	3,072
	25,463	3,072
Amounts falling between one and two years:
Bank loans −1−2 years	9,907
Other loans −1−2 years	9,835	3,288
	19,742	3,288
Amounts falling due between two and five years:
Bank loans −2−5 years	24,260
Other loans −2−5 years	30,775	11,322
	55,035	11,322
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instalments	66,954	108,945

		31.3.21	31.3.20
Bank	loans	49,999
Other	loans	117,195	126,627
		167,194	126,627

MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1.4.20	in funds	funds	31.3.21
	£	£	£	£
Unrestricted funds
General fund	1,479,540	503,593	7,807	1,990,940
Donated exhibits fund	41,250		−	41,250
Revaluation reserve	574,153		(7,807)	566,346
	2,094,943	503,593	−	2,598,536
TOTAL FUNDS	2,094,943	503,593		2,598,536
Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
Unrestricted funds
General fund		1,126,986	(623,393)	503,593
TOTAL FUNDS		1,126,986	(623,393)	503,593
Comparatives for movement in funds
		Net	Transfers
		movement	between	At
	At 1.4.19	in funds	funds	31.3.20
	£	£	£	£
Unrestricted funds
General fund	203,189	(8,752)	1,285,103	1,479,540
Donated exhibits fund	41,250	−	−	41,250
Revaluation reserve	691,249	1	(117,097)	574,153
Plas improvements −capital grants fund	1,164,367	−	(1,164,367)
Winl Ian plant & machinery capital grants
fund	1,765		(1,765)
Plas plant & machinery capital grants fund	1,874		(1,874)
	2,103,694	(8,751)		2,094,943
TOTAL FUNDS	2,103,694	(8,751)		2,094,943

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	846,825	(855,577)	(8,752)
Revaluation reserve	1		1
	846,826	(855,577)	(8,751)
TOTAL FUNDS	846,826	(855,577)	(8,751)

A current year 12 months and prior	year 12 months combined po	sition isas follo	ws:
		Net	Transfers
		movement	between	At
	At 1.4.19	in funds	funds	31.3.21
	£	£	£	£
Unrestricted funds
General fund	203,189	494,841	1,292,910	1,990,940
Donated exhibits fund	41,250			41,250
Revaluation reserve	691,249	1	(124,904)	566,346
	935,688	494,842	1,168,006	2,598,536
TOTAL FUNDS	2,103,694	494,842		2,598,536

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	1,973,811	(1,478,970)	494,841
Revaluation reserve	1		1
	1,973,812	(1,478,970)	494,842
TOTAL FUNDS	1,973,812	(1,478,970)	494,842