| for the Year Ended 3 | 1March 202 | 2 | ||||
|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||||
| Unrestricted | Total | |||||
| funds | funds | |||||
| Notes | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
281,148 | 534,472 | ||||
| Charitable activities |
||||||
| Activities in furtherance |
ofcharitable | objectives | 423,591 | 386,322 | ||
| Income from activities | for generating | funds | 758,287 | 104,532 | ||
| Management and administration |
49,162 | 99,724 | ||||
| Investment income |
42 | 114 | ||||
| Other income | 26 771 | 1 822 | ||||
| Total | 1,539,001 | 1,126,986 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 316,410 | 136,621 | ||||
| Charitable activities |
||||||
| Activities in furtherance |
ofcharitable | objectives | 1,175 | 600 | ||
| Finance costs | 12,710 | 9,088 | ||||
| Cost ofgenerating funds |
92,245 | 59,188 | ||||
| Management and administration |
349,680 | 375,210 | ||||
| Ywinllan expenditure |
7,670 | 860 | ||||
| Depreciation | 48 376 | 41 826 | ||||
| Total | 828,266 | 623,393 | ||||
| NET INCOME | 710,735 | 503,593 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 2,598,536 | 2,094,943 | |||
| TOTAL FUNDS CARRIED FORWARD | 3,389,271 | 2 598 536 |
| Balance Sheet 31March 2022 |
||||
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| Unrestricted | Total | |||
| funds | funds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible assets |
12 | 2,690,843 | 2,314,395 | |
| Artwork and sculpture |
investments | 13 | 41250 | 41 250 |
| 2,732,093 | 2,355,645 | |||
| CURRENT ASSETS | ||||
| Stocks | 14 | 15,891 | 12,162 | |
| Debtors | 15 | 548,529 | 59,673 | |
| Cash at bank and in hand | 194334 | 352 334 | ||
| 758,754 | 424,169 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
16 | (55,170) | (39,547) | |
| NET CURRENT ASSETS | 703 584 | 384 622 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 3,435,677 | 2,740,267 | ||
| CREDITORS | ||||
| Amounts falling due after more than one year |
17 | (126,406) | (141,731) | |
| NET ASSETS | 3309271 | 2 598 536 | ||
| FUNDS | 20 | |||
| Unrestricted funds |
3309271 | 2 598 536 | ||
| TOTAL FUNDS | 3309271 | 2 598 536 |
| for the Year Ended 31M | a | rch 2022 | |||
|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | ||||
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations Interest paid |
302,044 ~11168 |
484,279 ~8383) |
|||
| Net cash provided by operating activities |
290876 | 475 896 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed | assets | (424,823) | (243,336) | ||
| Interest received | 42 | 114 | |||
| Net cash used in investing | activities | ~424 781) | ~243 222) | ||
| Cash flows from financing | activities | ||||
| New loans in year Capital repayments in year |
~24 095 | 50,000 ~9431) |
|||
| Net cash (used in)/provided | by financing | activities | ~24 095) | 40 569 | |
| Change in cash and cash |
equivalents | in | |||
| the reporting period |
(158,000) | 273,243 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 352,334 | 79091 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
194334 | 352 334 |
| 1. | RECONCILIATION | RECONCILIATION | RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OPERATING | |
|---|---|---|---|---|---|---|---|---|
| ACTIVITIES | ||||||||
| 31.3.22 | 31.3.21 | |||||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | |||||
| Activities) | 710,735 | 503,593 | ||||||
| Adjustments | for: | |||||||
| Depreciation | charges | 48,376 | 41,826 | |||||
| Interest received | (42) | (114) | ||||||
| Interest paid | 11,168 | 8,383 | ||||||
| Provisions | (4,000) | |||||||
| (Increase)/decrease | in stocks | (3,729) | 1,607 | |||||
| Increase in debtors | (488,856) | (48,161) | ||||||
| Increase/(decrease) | in creditors | 24 392 | ~18 855 | |||||
| Net cash provided | by | operations | 302 044 | 484 279 | ||||
| 2. | ANALYSIS | OF CHANGES | IN NET FUNDS | |||||
| At 1.4.21 | Cash flow | At 31.3.22 | ||||||
| Net cash | ||||||||
| Cash at bank | and in | hand | 352334 | ~158000) | 194334 | |||
| 352334 | ~158000) | 194,334 | ||||||
| Debt | ||||||||
| Debts falling | due within | I year | (25,463) | 8,770 | (16,693) | |||
| Debts falling | due afler | I | year | ~)41731 | 15325 | ~726 406 | ||
| ~167 194 | 24 095 | ~143099) | ||||||
| Total | 185140 | 133905 | 51235 |
| DONATION | S | AND LEGACIES | |||
|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | ||||
| Plas donations, | legacies and similar incoming | resources | 172,599 | 230,507 | |
| Plas grants | 10,000 | 4,350 | |||
| Gift aid | 34 | 4,515 | |||
| Coronavirus | support grants | 97,026 | 295,100 | ||
| Subscription | s | 1 489 | |||
| 281 148 | 534 472 |
| Grants received, included in t |
he above, ar | e as follows: | |||||
|---|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | ||||||
| Other grants | 97 026 | 295 100 | |||||
| 3. | INVESTMENT INCOME | ||||||
| 31.3.22 | 31.3.21 | ||||||
| Deposit account interest | 42 | 114 | |||||
| INCOME FROM CHARITABLE ACTIVITIES | |||||||
| 31.3.22 | 31.3.21 | ||||||
| Activity | |||||||
| Activities | in furtherance | ofcharitable | |||||
| Room hire &functions | objectives | 2,226 | (833) | ||||
| Activities | in furtherance | ofcharitable | |||||
| Accommodation | objectives | 18,176 | 12,803 | ||||
| Activities | in furtherance | ofcharitable | |||||
| Gallery art sales | objectives | 200,785 | 115,691 | ||||
| Activities | in furtherance | ofcharitable | |||||
| Shop sales | objectives | 60,005 | 21,476 | ||||
| Activities | in furtherance | ofcharitable | |||||
| Shop art sales | objectives | 104,165 | 29,344 | ||||
| Activities | in furtherance | ofcharitable | |||||
| Siop y plas | objectives Activities |
in furtherance | ofcharitable | 38,234 | 17,841 | ||
| Phase I grants |
objectives | 190,000 | |||||
| Car park charges | Income from activities | for generating | funds | 1,027 | 4,203 | ||
| Winlian performances |
Income from activities | for generating | funds | 4,044 | |||
| Cafe income | Income from activities | for generating | funds | 253 216 | 89 998 | ||
| Carried forward | 681,878 | 480,523 |
| INCOME FROM | CHA | RITA | BLE ACTIV | ITIES - continued | |||
|---|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | ||||||
| Brought forward | 681,878 | 480,523 | |||||
| Eat out to help out | grant | Income from | activities for generating | funds | 10,331 | ||
| Phase 2 - cafe development | Income from | activities for generating | funds | 500,000 | |||
| Furlough scheme |
Management | and administration | 49 162 | 99724 | |||
| 1 231040 | 590578 | ||||||
| RAISING FUNDS | |||||||
| Furtherance ofactivity |
costs | ||||||
| 31.3.22 | 31.3.21 | ||||||
| Opening stock |
12,162 | 13,769 | |||||
| Purchases | 131,076 | 44,749 | |||||
| Closing stock | (15,891) | (12,162) | |||||
| Shop &gallery art | costs | 187,872 | 89,430 | ||||
| Collector plan charges | 1 191 | 835 | |||||
| 316410 | 136,621 | ||||||
| CHARITABLE ACTIVITIES COSTS | |||||||
| Support | |||||||
| Direct | costs (see | ||||||
| Costs | note 7) | Totals | |||||
| Activities in furtherance |
ofcharitable | ||||||
| objectives | 1,175 | 1,175 | |||||
| Finance costs | 838 | 11,872 | 12,710 | ||||
| Cost ofgenerating | funds | 92,245 | 92,245 | ||||
| Management and administration |
332,246 | 17,434 | 349,680 | ||||
| Y winllan expenditure |
7670 | 7 670 | |||||
| 434 174 | 29,306 | 463 480 |
| SUPPORT C | OSTS | |||
|---|---|---|---|---|
| Governance | ||||
| Finance | costs | Totals | ||
| Finance costs | 11,872 | 11,872 | ||
| Management | and administration | 123 | ~17311 | ~17 434 |
| ~11995 | ~17311 | ~29306 |
| 31.3.22 | 31.3.21 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fees payable to | the | charity's | auditors | for the audit ofthe charity's | financial | ||||
| statements | 4,950 | 4,500 | |||||||
| Other non-audit | accountancy | services | ~2910 | ~2775 | |||||
| 10. | TRUSTEES' REMUNERATION | AND BENEFITS | |||||||
| 31.3.22 | 31.3.21 | ||||||||
| Trustees' | salaries | 18,582 | 43,421 | ||||||
| Trustees' | social security | 2,056 | 4,780 | ||||||
| Trustees' | pensions | paid | 480 | ~5155 | |||||
| ~21 118 | ~53 356 |
| STAF | F COSTS | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| Wages | and salaries | 302,060 | 292,016 |
| Social | security costs | 19,443 | 17,894 |
| Other | pension costs | 0 560 | 3 011 |
| 330063 | 312921 |
| The average monthly number ofemployees during t |
he year was as follows: | |
|---|---|---|
| 31.3.22 | 31.3.21 | |
| Salaried trustee | 1 | |
| All other employees | 27 | 19 |
| 27 | 20 |
| Depreciable | |||||
|---|---|---|---|---|---|
| property | |||||
| at cost | Improvements | Siop y | |||
| or | Non-depreciable | to | Plas | ||
| revaluation | land | properties | equipment | ||
| COST | |||||
| At | 1 April 2021 | 1,072,347 | 391,824 | 1,156,992 | 3,465 |
| Additions | 384 766 | ||||
| At | 31 March 2022 | 1 072 347 | 391824 | 1 541 758 | 3 465 |
| DEPRECIATION | |||||
| At | 1 Apri12021 | 242,948 | 117,531 | 1,247 | |
| Charge for year | 10723 | 15418 | 444 | ||
| At | 31 March 2022 | 253 671 | 132949 | 1 691 | |
| NET BOOK VALUE | |||||
| At | 31 March 2022 | 818676 | 391824 | 1 408 809 | 1 774 |
| At | 31 March 2021 | 829 399 | 191824 | 1 039461 | 2 218 |
| TANGIBLE FIXEDASSE | TS - continued | ||||
|---|---|---|---|---|---|
| Ywinllan | |||||
| Plant and | Cafe | plant and | Computer | ||
| machinery | equipment | machinery | equipment | Totals | |
| COST | |||||
| At I April 2021 | 137,239 | 38,394 | 17,716 | 115,833 | 2,933,810 |
| Additions | 15710 | 12576 | 11771 | 424 023 | |
| At 31 March 2022 | 152 949 | 50 970 | 17716 | 127604 | 3358633 |
| DEPRECIATION | |||||
| At I April 2021 | 108,792 | 27,742 | 15,475 | 105,680 | 619,415 |
| Charge for year | 8 832 | 4 645 | 448 | 7 865 | 48 375 |
| At 31 March 2022 | 117624 | 32 387 | 15923 | 113545 | 667 790 |
| NET BOOK VALUE | |||||
| At 31 March 2022 | 35325 | 18583 | 1 793 | 14059 | 2 690,843 |
| At 31 March 2021 | 28 447 | 10 652 | 2241 | 10 153 | 2 314395 |
| Cost or valuation at |
31 March 2022 is represented b |
y: | |
|---|---|---|---|
| Land & | Plant 2 | ||
| B~nildin e |
Machinere | Totals | |
| etc. | |||
| Revaluation | 691,249 | 691,249 | |
| Cost | 1,929,914 | 312,647 | 2,242,561 |
| Additions | 384 766 | 40 057 | 424 823 |
| 3 005 929 | 352 704 | 3 358633 | |
| Ifland and buildings | had not been re-valued they would have been |
included at the |
|
| 31.03.22 | 31,03.21 | ||
| Cost | 2 314.680 | 1 929 914 |
| Cwmni Pigs Gl n Weddw Limited Tradin as Oriel Pigs Gl n Weddw |
Cwmni Pigs Gl n Weddw Limited Tradin as Oriel Pigs Gl n Weddw |
Cwmni Pigs Gl n Weddw Limited Tradin as Oriel Pigs Gl n Weddw |
||
|---|---|---|---|---|
| Notes to the Financial Statements -continued |
||||
| for the | Year Ended 31 March 2022 | |||
| 13. | ARTWORK AND SCULPTURE INVESTMENTS | |||
| Total | ||||
| MARKET VALUE | ||||
| At 1 April 2021 and 31 March 2022 | ~41 250 | |||
| NET BOOK VALUE | ||||
| At 31 March 2022 | ~41 250 | |||
| At 31 March 2021 | ~41 250 | |||
| 14. | STOCKS | |||
| 31.3.22 | 31.3.21 | |||
| Stocks | ~15891 | ~12 162 | ||
| 15. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 31.3.22 | 31.3.21 | |||
| Trade debtors | 7,335 | 2,484 | ||
| Other debtors | 500,000 | 21,116 | ||
| VAT | 41 194 | 36073 | ||
| 545 529 | 59673 | |||
| 16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.22 | 31.3.21 | |||
| Bank loans and overdrafts | (see note 18) | 7,996 | 15,832 | |
| Other loans (see note 18) | 8,697 | 9,631 | ||
| Trade creditors | 16,164 | 389 | ||
| Other creditors | 13,737 | 4,217 | ||
| Hsbc credit card | 716 | 2,203 | ||
| Accrued expenses | ~7860 | ~7275 | ||
| ~55 170 | ~39 547 |
| CRE | DITO | RS: | AMO | UNTS FALLING DUE AFTE | R MORE THAN ONE YEAR | |
|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||||
| Bank | loans | (see | note | 18) | 27,416 | 34,167 |
| Other | loans | (see | note | 18) | 98990 | 107 564 |
| 126406 | 141 731 |
| 31.3.22 | 31.3.21 | ||||
|---|---|---|---|---|---|
| Amounts falling due within |
one year on demand: | ||||
| Bank loans | 7,996 | 15,832 | |||
| Other loans | ~8697 | ~9631 | |||
| ~16693 | ~25 463 | ||||
| Amounts falling between |
one and two years: | ||||
| Bank loans | - 1-2 years | 8,199 | 9,907 | ||
| Other loans | - 1-2 years | ~8915 | ~9835 | ||
| ~17114 | ~19 742 | ||||
| Amounts falling due between two and five years: |
|||||
| Bank loans | - 2-5 years | 19,217 | 24,260 | ||
| Other loans | -2-5 years | ~28 548 | ~30 775 | ||
| 47,765 | ~55 035 | ||||
| Amounts falling due in more |
than five years: | ||||
| Repayable | by instalments: | ||||
| Other loans | more 5yrs instal | 61,527 | 66,954 |
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Bank | loans | 35,412 | 49,999 |
| Other | loans | 107687 | 117 195 |
| 143099 | 167,194 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| Unrestricted | funds | |||||
| General fund | 1,990,940 | 710,735 | 5,204 | 2,706,879 | ||
| Donated exhibits fund Revaluation reserve |
41,250 566 346 |
~5204) | 41,250 561 142 |
|||
| 2 598 536 | 710735 | 3309271 | ||||
| TOTAL FUNDS | 2 598 536 | 710735 | 3309,271 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 1,539,001 | (828,266) | 710,735 | |
| TOTAL FUNDS | 1 539001 | ~828266) | 710735 |
| Compara | tives | fo | r movem | e | nt 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 Revaluation reserve |
41,250 574 153 |
~7807) | 41,250 566 346 |
|||||||
| 2 094 943 | 503593 | 2 598 536 | ||||||||
| TOTAL | FUNDS | 2 094 943 | 503593 | 2 598 536 | ||||||
| Comparative | 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 126986 | ~623393) | 503 593 | ||||||
| A current year 12 | months | and prior year 12months | combined | position is as follows: |
||||||
| Net | Transfers | |||||||||
| movement | between | At | ||||||||
| At 1.4.20 | in funds | funds | 31.3.22 | |||||||
| Unrestricted | funds | |||||||||
| General | fund | 1,479,540 | 1,214,328 | 13,011 | 2,706,879 | |||||
| Donated exhibits fund Revaluation reserve |
41,250 574 153 |
~13011) | 41,250 561 142 |
|||||||
| 2 094 943 | 1 214328 | 3 309 271 | ||||||||
| TOTAL | FUNDS | 2 094 943 | 1214328 | 3 309271 |