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## 

|for the Year Ended 3||1March 202|2||||
|---|---|---|---|---|---|---|
||||||31.3.22|31.3.21|
||||||Unrestricted|Total|
||||||funds|funds|
|||||Notes|||
|INCOME AND ENDOWMENTS|||FROM||||
|Donations<br>and legacies|||||281,148|534,472|
|Charitable<br>activities|||||||
|Activities<br>in furtherance||ofcharitable|objectives||423,591|386,322|
|Income from activities||for generating|funds||758,287|104,532|
|Management<br>and administration|||||49,162|99,724|
|Investment<br>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<br>activities|||||||
|Activities<br>in furtherance||ofcharitable|objectives||1,175|600|
|Finance costs|||||12,710|9,088|
|Cost ofgenerating<br>funds|||||92,245|59,188|
|Management<br>and administration|||||349,680|375,210|
|Ywinllan<br>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<br>31March 2022|||||
|---|---|---|---|---|
||||31.3.22|31.3.21|
||||Unrestricted|Total|
||||funds|funds|
|||Notes|||
|FIXEDASSETS|||||
|Tangible<br>assets||12|2,690,843|2,314,395|
|Artwork<br>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<br>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<br>falling due after more than one year||17|(126,406)|(141,731)|
|NET ASSETS|||3309271|2 598 536|
|FUNDS||20|||
|Unrestricted<br>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<br>from operations<br>Interest paid||||302,044<br>~11168|484,279<br>~8383)|
|Net cash provided<br>by operating<br>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<br>Capital repayments<br>in year||||~24 095|50,000<br>~9431)|
|Net cash (used in)/provided||by financing|activities|~24 095)|40 569|
|Change<br>in cash and cash|equivalents||in|||
|the reporting<br>period||||(158,000)|273,243|
|Cash and cash equivalents||at the||||
|beginning<br>ofthe reporting||period||352,334|79091|
|Cash and cash equivalents||at the end|of|||
|the reporting<br>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|



## 



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## 

## 

|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,<br>included<br>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<br>Activities|in furtherance|ofcharitable||38,234|17,841|
||Phase<br>I grants|objectives|||||190,000|
||Car park charges|Income from activities||for generating|funds|1,027|4,203|
||Winlian<br>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<br>scheme|||Management|and administration||49 162|99724|
|||||||1 231040|590578|
|RAISING FUNDS||||||||
|Furtherance<br>ofactivity||costs||||||
|||||||31.3.22|31.3.21|
|Opening<br>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<br>in furtherance||ofcharitable||||||
|objectives|||||1,175||1,175|
|Finance costs|||||838|11,872|12,710|
|Cost ofgenerating|funds||||92,245||92,245|
|Management<br>and administration|||||332,246|17,434|349,680|
|Y winllan<br>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<br>number ofemployees<br>during<br>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<br>at|31 March 2022 is represented<br>b|y:||
|---|---|---|---|
||Land &|Plant 2||
||B~nildin<br>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<br>they would have been||included<br>at the|
||31.03.22|31,03.21||
|Cost|2 314.680|1 929 914||





|Cwmni Pigs Gl<br>n<br>Weddw Limited<br>Tradin<br>as Oriel Pigs Gl<br>n<br>Weddw|Cwmni Pigs Gl<br>n<br>Weddw Limited<br>Tradin<br>as Oriel Pigs Gl<br>n<br>Weddw|Cwmni Pigs Gl<br>n<br>Weddw Limited<br>Tradin<br>as Oriel Pigs Gl<br>n<br>Weddw|||
|---|---|---|---|---|
|Notes to the Financial Statements<br>-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<br>falling due within|||one year on demand:|||
|Bank loans||||7,996|15,832|
|Other loans||||~8697|~9631|
|||||~16693|~25 463|
|Amounts<br>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<br>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<br>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<br>fund<br>Revaluation<br>reserve|||41,250<br>566 346||~5204)|41,250<br>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<br>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<br>fund<br>Revaluation<br>reserve|||||||41,250<br>574 153||~7807)|41,250<br>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<br>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<br>Revaluation<br>reserve|||||||41,250<br>574 153||~13011)|41,250<br>561 142|
||||||||2 094 943|1 214328||3 309 271|
|TOTAL|FUNDS||||||2 094 943|1214328||3 309271|





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