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





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|||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<br>and||||||||
|legacies||480|1,082|1,562|44,380|468|44,848|
|Charitable<br>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*<br>dp||||||||
|Charitable<br>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<br>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<br>funds|||17|380,977||598,042||
|General<br>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<br>by operations||||21||(426,260)||(25,706)|
|Investing|activities||||||||
|Purchase|oftangible<br>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<br>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|





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|||||2023|2022|
|---|---|---|---|---|---|
|||||6|6|
|Promotion<br>ofdrama|and the||arts|440,539|325,107|
|Membership<br>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<br>by fund||||||
|Unrestricted<br>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<br>in Need|||||2,365|
|British Council||||25,495|66,250|
|Esmee Fairbairn<br>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<br>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<br>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<br>Unrestricted|Unrestricted<br>Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023|2022|
||Sale ofmerchandise||||2,857|18|
|6|investments||||||
||||||Unrestricted<br>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|





|C0||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|m||||||||||||
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## 

## 

## 

## 

|The average<br>monthly<br>number ofemployees<br>during th|e year was:||
|---|---|---|
||2023|2022|
||Number|Number|
||18|14|
|Employment<br>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<br>and impairment||||||
||At 1 April 2022|||803|38,158|38,961|
||Depreciation<br>charged|in the year||237|6,132|6,369|
||At 31 March 2023||1,040||44,290|45,330|
||Carrying<br>amount||||||
||At 31 March 2023||11,669|||11,669|
||At 31 March 2022|||237|6,132|6,369|
|13|Debtors||||||
||||||2023|2022|
||Amounts<br>falling due|within one year:|||6|6|
||Trade debtors||||119,843|111,950|
||Other debtors|||||64|
||Prepayments<br>and accrued income||||13,501|12,044|
||||||133,344|124,058|
|14|Creditors: amounts|falling due within one year|||||
||||||2023|2022|
|||||||6|
||Other taxation<br>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<br>from|operations|operations|operations|||2023|2022|
|---|---|---|---|---|---|---|---|---|
||Deficit for the year||||||(424,986)|(30,849)|
||Adjustments<br>for:||||||||
||Investment<br>income recognised|||in statement|offinancial|activities|(1,318)|(112)|
||Depreciation<br>and impairment||oftangible fixed assets||||6,369|11,334|
||Movements<br>in working|capital;|||||||
||(Increase)<br>in stocks||||||(36)||
||(Increase)<br>in debtors||||||(9,286)|(21,914)|
||Increase<br>in creditors||||||2,997|15,835|
||Cash absorbed<br>by operations||||||(426,260)|(25,706)|
|22|Analysis ofchanges|in net funds|||||||
||The charity had no debt during|||the year.|||||