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2023-03-31-accounts

Page
Chairman's statement 1-2
Trustees' report 3-16
Statement oftrustees' responsibilities 17
Independent
auditor's		 report 18-20
Statement offinancial activities 21
Balance sheet 22
Statement ofcash flows 23
Notes to the financial statements 24-40

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes 8 8 6 5 8 8
Income from:
Donations
and
legacies 480 1,082 1,562 44,380 468 44,848
Charitable
activities		 629,972 267,449 897,421 544,726 266,109 810,835
Other trading
activities 2,857 2,857 18 18
Investments 1,318 1,318 112 112
Total income 634,627 268,531 903,158 589,236 266,577 855,813
~E*
dp
Charitable
activities		 852,715 475,429 1,328,144 618,803 267,859 886,662
Net outgoing resources
before transfers (218,088) (206,898) (424,986) (29,567) (1,282) (30,849)
Gross transfers
between
funds		 1,023 (1,023)
Net expenditure for the
year/
Net movement in funds (217,065) (207,921) (424,986) (29,567) (1,282) (30,849)
Fund balances at 1April
2022 828,397 250,173 1,078,570 857,964 251,455 1,109,419
Fund balances at31
March 2023 611,332 42,252 653,584 828,397 250,173 1,078,570

2023 2022
Notes 6
Fixed assets
Tangible assets 12 11,669 6,369
Current assets
Stocks 254 218
Debtors 13 133,344 124,058
Cash at bank and in hand 573,102 1,009,711
706,700 1,133,987
Creditors: amounts falling due within
one year 14 (64,785) (61,786)
Net current assets 641,915 1,072,201
Total assets less current liabilities 653,584 1,078,570
Income funds
Restricted funds 16 42,252 250,173
Unrgatdgjaf(1ttotja
Designated
funds		 17 380,977 598,042
General
unrestricted		 funds 230,355 230,355
611,332 828,397
653,584 1,078,570

2023 2022
Notes K K 6
Cash flows from operating activities
Cash absorbed
by operations		 21 (426,260) (25,706)
Investing activities
Purchase oftangible
fixed assets		 (11,669)
Investment income received 1,318 112
Net cash (used in)/generated from
investing activities (10,351) 112
Net cash used in financing activities
Net decrease
in cash and		 cash equivalents (436,611) (25,594)
Cash and cash equivalents at beginning ofyear 1,009,711 1,035,305
Cash and cash equivalents at end of year 573,102 1,009,711

2023 2022
6 6
Promotion
ofdrama		 and the arts 440,539 325,107
Membership
income		 4,090 1,940
Theatre tax credit 1,216
Grants 449,821 482,261
Other income 2,971 311
897,421 810,835
Analysis
by fund
Unrestricted
funds		 629,972 544,726
Restdicted funds 267,449 266,109
897,421 810,835
Grants
Arts &Business Cymru 4,170 7,435
Arts Council ofWales 228,451 230,660
BBCChildren
in Need		 2,365
British Council 25,495 66,250
Esmee Fairbairn
Foundation		 55,000 110,000
Garfield Weston Foundation 5,000 6,500
The Simon Gibson Charitable Trust 3,000 3,000
Ty Cerdd 500 1,838
C3SCThird Sector Council 4,970
Cardiff University 29,050 21,346
O'Oyly Carte 3,500
Moondance 19,297
Tabhair 3,000
Noel Coward Foundation 2,100
Chapter 5,030
Colwinston
Charitable		 Trust 10,000
Event Wales - Unity Festival grant 20,000
Ffilm Cymru Wales 7,800
Genesis Foundation 10,000
Mencap Cymru 1,500
National
Lottery Community		 fund 10,000
The Rayne Foundation 20,000
Welsh Government -Anti-racist Wales Culture 5,451
Welsh Government - Creative skills 9,374
449,821 482,261

Unrestricted
Unrestricted		 Unrestricted
Unrestricted
funds funds
2023 2022
Sale ofmerchandise 2,857 18
6 investments
Unrestricted
Unrestricted
funds funds
2023 2022
8 6
interest receivable 1,318 112
7 Charitable activities
2023 2022
Staff costs 800,607 613,017
Depreciation and impairment 6,369 11,334
Production costs 130,702 52,374
Premises costs 73,012 50,737
Administration 95,142 44,662
Training 3,222 5,202
Travel and subsistence 111,985 42,139
1,221,039 819,465
Share ofsupport costs (see note 8) 98,765 61,287
Share ofgovernance costs isee note 8) 8,340 5,910
1,328,144 886,662
Analysis by fund
Unrestricted funds 852,715 618,803
Restricted funds 475,429 267,859
1,328,144 886,662
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2023 2022
Number Number
18 14
Employment
costs		 2023 2022
8 8
Wages and salaries 442,799 346,367
Casual labour costs 342,594 259,625
Social security costs 34,714 26,578
Other pension costs 9,252 7,350
829,359 639,920

12 Tangible fixed assets Tangible fixed assets
Furniture and Motor vehicles Total
equipment
6
Cost
At 1 April 2022 1,040 44,290 45,330
Additions 11,669 11,669
At 31 March 2023 12,709 44,290 56,999
Depreciation
and impairment
At 1 April 2022 803 38,158 38,961
Depreciation
charged		 in the year 237 6,132 6,369
At 31 March 2023 1,040 44,290 45,330
Carrying
amount
At 31 March 2023 11,669 11,669
At 31 March 2022 237 6,132 6,369
13 Debtors
2023 2022
Amounts
falling due		 within one year: 6 6
Trade debtors 119,843 111,950
Other debtors 64
Prepayments
and accrued income		 13,501 12,044
133,344 124,058
14 Creditors: amounts falling due within one year
2023 2022
6
Other taxation
and social security		 8,943 8,404
Trade creditors 47,828 46,934
Other creditors 1,974 1,948
Accruals and deferred income 6,240 4,500
64,785 61,786

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2023 2022
8 E
Within one year 36 576
Between two and five years 36
36 612

21 Cash generated
from		 operations operations operations 2023 2022
Deficit for the year (424,986) (30,849)
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (1,318) (112)
Depreciation
and impairment		 oftangible fixed assets 6,369 11,334
Movements
in working		 capital;
(Increase)
in stocks		 (36)
(Increase)
in debtors		 (9,286) (21,914)
Increase
in creditors		 2,997 15,835
Cash absorbed
by operations		 (426,260) (25,706)
22 Analysis ofchanges in net funds
The charity had no debt during the year.