REGISTERED COMPANY NUMBER: 03294035 ffjngIand and Wales)
REGISTERED CHARITY NUMBER: 1079819
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2024
for
Small World Theatre Llmited
Asbmole & Co
Manchester House
Grosvenor Hill
Cardigan
Ceredigion
SA43 IHY
A5hmole I Co.

SMAII World Theatre Llmlted
Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
Report of the Trustees
I to 7
Independent Exanthier's Report
ststement of Financial Activities
Balance Sbeet
10 to 11
Notes to the Finlneial Ststemellts
12 to 19
Detailed Statement of Flnaneial Activities
20 to 21
Ashmole & Co.

Small World Theatre Limlted
Report of the Trustee5
for Ihe Year Ended 31 March 2024
The Tn￿teeS who are also the directors of the Charitsble Company for the purposes of the Companies Act, submit their
annual report and the independently examined financial statements for the year ended 31 st March 2024. The Truslees
hav¢ adopted the Stat¢m¢nt of Recommended PTactic¢ {SORP) "Accounting and Reporting by Charities" issued in 2005,
and the Companies, Act 2006 in preparing the annual report and financial statements of the charity
Page I
Ashmol$ & Co.

Small World Theatre Limited
Report of the Trustees
for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Charitable ¥dctivities
Annual Report 2023124
OBJECTIVES AIYD ACTIvrrIES
All Company oulputs support our core Visio￿ ain]s and objectives..
Vision
To learn from the past to create iti the presenL for the benefit of th¢ ￿t￿re.
Mission Ststement
sn￿11 World Theatre exists to create exciting) innovative, enjoyable, high-quality perforn￿￿eS and projects that
challenge and explore assumptions about the world that we share.
Small World Theatre places particular importance on clinthte justice. creativity and inclusivity.
Small World Theatre enables diveTbC ¢ommunities in Wales to flourish through their engagement with the arts.
Small World Theatre engages with communities and other partners to c(Fcreate work expressing their ideas andlor the
reality of their lived experiences.
Small World Theatre brings aTts activity into the heart of cornmunity as a social change agent.
To creale innovative, boundary pushing, hojne grown production& and provide a regional platforn for showcasing
innovative national and international creative work for audiences and arts consumers.
To deliver on equality, diversity and inclusivity by engaging with peopl¢ of all ages, abilities and ethnicities, giving
a¢¢ess to a wealth of exp¢riences througb the arts from small-scale workshops, lo professional theatre performances and
giant outdoor specIa￿lar shows.
To fos*r innovation and joyful inleraction with the arts.
To provide a safe, warn], and accessible space for people to be inspired by and in which to enjoy the arts.
To continue our rigorous approach to zero carbon theatre in all productions.
To continue to produce and promote work in the Welsh language and bilingually as an organis&tion rooted in Wales with
an international outlook.
To cultivate emerging tslent and foster creative thinking, maintaining and fiwther developing a range of bigh-quality
artistic skills within the company and wider community.
To contribute to the local economy by pioviding employnenL working with associate artists and delivering events that
bring economic benefit to the area.
To create work that reaches wider audiences and showcases the best that Wales has to offer on the international stage.
ACHIEVEMENTS AND PERFORMANCE
Overyieiv
In the financial year 2023-24 the organisation has developed and grown. Starting with our new five-year Business Plan
and a suc¢essfui application to the Arts Council of Wales Investment Review to become part of their portfolio of
revenue fimded organisations.
A new project looking at the past present and futLwe of the river Teifi 'Llais yr Afon, was developed in partnersb.
West Wales Rivers Trust and spacetocreate. With fimding bids to the Esmee Fairbairn Foundation and National
Lottery Fund (NHLF) these projects are bringing in £17,575 and £88,000 respectively to the company over 18 m.
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Ashmole & Co.

Small World Thevdtre Limited
Report of the Trustees
for the Year Ended 31 March 2024
We have benefitted from UK Government Shared Prosperity (SPFI funding in several ways. We won two frnders from
Pembrokeshire County Council. £174,900 to ¢iFcreate a sculpture trail with the community in Fishguard and Goodwick
and £25,000 for a launch event I lantern parade for the trail plus £42,000 from Ceredigion County Council for a Festival
of Light in Cardigan. These SPF projects have to be delivered and funding spent by the end of 2024, so although this is a
huge amount of work we have been able to provide exciting new creative opporlunAti¢s for our staff as well as freelance
associate artists.
Demand continues to grow for our ovm PT(MJuctions, making and facilitation skills and performances often with giant
puppets and parades. This represents a significant in¢ome stream.
Alongside all this increased income and activity there have been challenges including the sad death of Sarah Jones our
fjnance officer in November 2023. Tim ONeill came out of Tetirement for a few months io cover this role and we
employed Amy MO￿15 in Octob¢r in an Operations Manager role that included fu￿1¢e, supported by Busitiess Bright
accountancy. We also changed to a new financial management software package 'Xero' as the old one was no longer fit
for purpose. These transitions have been complex and the new financial set up more time consuming than anticipated.
The appointment of Amy is part of a succession plan for ihe organisation as desGribed in the Business Plan with Ann
mentoring her over 2 years to gradually tske over as executive director. Amy has been working with all stsff to
understand and clarlfy roles and responsibilities, looking at existing systems, updating and tightening them where needed
as well as n]nnAng monthly team building mornings and fi￿draISing. Sam Vicary (Communications Manager) and Amy
are working on a rebranding process for the orgartisation.
Alongside this our regular core projects Amethyst and SJTC&S Byd Bach continue to grow and flouris14 supporting young
and older people both physically and emotionally. We have started a new junior youth theatre group in addilion io our
very success￿] senior group which is growing in popularity and whose members are becoming increasingly skilful. Our
youth projects are increasing the range of creative, social opportunities for young people in the area.
We develop partnerships with organisations, venues and artists through project work and sometimes expressions of
interest. An example of a new partnership is with The Queen Eli7abeth Scholarship Trust (Qest) who support mentoring
and training of Craftspeople throughout Britain. They ar¢ working with Sarah James MBE on a new 'Craft Festival of
Wales, based in Cardigan. We are being supported by Qest to deliver pupp¢ty master classes and drop-in work8hops for
the festival. One reason they are interested in us is because puppetry is considered to be an endangered artfornl OT crafi!
Summarv of Activit
Core Progranunes
Amethysi welcomed 2 new facilitators to our youth projects t￿ Florence Jackson working on Amethyst and Faye
Brightman, working on IBB and GLOW. They have fitted in to the team beautifidly and are very much appreciated.
Amethyst Monday group has continued through the year delivering creative psy¢hoedu¢ation sessions to groups of local
young people referred to the project. Amethyst piloted GLOW, an LGBTQIA+ group for young people this year.
Amethyst has also provided some creative, therapeutic 1-2-1 sessions for individuals through the year. We have
continued to develop our relationship with FutLweworks, working with them at various points through the year.
Amethyst trained a new cohort of peer educators in Ysgol Uwchradd Aberteifi to be peer supporters in their school. Arts
Boost 2 was successful again with Amethyst and SBB continuing their collaboration delivering Uplifting Aerial io
groups of young people referred from Hywel Dda.
Amethyst has also found funding to nm a monthly follow-on group for those from Arts Boost l and 2 who Wdnted to
continue with us.
Ieuenctid B d Bach
IBB
Ieuen¢tid Byd Bach is Snydll World's inclusive youth theatre. IBB Seniors created a small scale perfomwAce for the
Pilgrim Fayre delivered by Small World &8 part of the Ancient Connections projeci linking County Wexf
Pembrokeshire. They then worked on an original play "Branwen" which was a collaboration between IBB and
Byd Bach. Three p￿0m￿l￿¢S in early in January 2024 sold out, raising funds for IBB.
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Ashmole & Co.

Small World TheAtre L￿n￿ted
Report of the Trustees
for the Year Ellded 31 March 2024
A new IBB Juniors group stsrted in September 23, the group quickly grew attd in early 2024 they began working on
their first devised show'Th¢ Saga of Felinis", which is bilingual and due to be perforn￿d in June '24"
asB dBach
By April 2023 we were rum)ing a programme of 7 x aerial classes (2 x Youth Beginners age 8-15, Youth
Beginner-lmprovers, Youth Inwrovers, Adult 16+ Beginners x 2, Adult 16+ ImpTovers) with a team of 2 teachers and I
assistant. Aerial classes were well attended with a waiting list for youth beginners despite two youth classes.
We hosted our second private hire from an internationally recognised aerialist (Alex Allatt) in June 2023 for a 5 day
rope and dance intensive and took a booking for a third aerial retreat {US aerialist Jessica Jolm) in 2024.
Our wond cabaret fundraiser was held in July 2023 and raised over £500 for purchase of new equipment {sill(s).
Hannah Darby left the teaching team ID July and Sophie Ivil stepped into this role in September 2023. We were very
saddened by the death of our administralor Sar8h Jones after a short illne&s. Adn)in was subsequently tsken over by
Hélène. Inclusive Aerial and Uplifting Aerial delivffed through the CorL2n prOj￿l were a greai ltrdrning experience, with
some very positive feedback overall. Thanks to fimding from Amethysl Uplifting Aerial has continued as a monthly
session. Aerial Yoga retlwned in October 2024 also as a monthly offering and is well attended. We're reviewing our
m&8Éerclass offering afier an event with Tilly Lee-Kronick was poorly attended in Nov 2023. But overall classes are well
attended and SBB is highly valued by participants.
Corlan (our umbrella title for applied arts projects with vulneTable groups)
The CORLAN pilot prOj￿t ImpToved the wellbeing of vulnerdble children, young people and adults through
high-quality shared experiences in the arts, Disabled and neurodiverse Children and adults, and young people with
menthl health issues accessed and participated in a range of perforniance disciplines tbrough Spring and Summer 2023,
that, according to their parentsy guardians, session facilitstors and themselves, benefitted their mental, physical and
social wellbeing.
There were five key project outcomes that were achieved and evidenced through evalvation througbout the project:
l. Al-risk andlor marginalised people engaged in previously inaccessiblelunavailable aerial CITCUS, physical and applied
theatre and puppety activities.
2. Participants gained confidence and positive atfirnMtion, empowernient from Co￿reatIng and sharing their work with
peers and conjrnunity members.
3. Participattts had opportunities for friendship and social cohesion, tackling loneliness and isolation, benefitting their
mental. physical and social wellbeing.
4. Project parther&4 and statutory agencies recognised the value of high-quality shared creative experiences in the art8 for
the wellbeing of their ¢lientsA)eneficiaries. and the value added by arts organisations such as SWT and the sector more
broadly.
5. Arts professionals (freelancers) and SWT staff gained experience in working to support the wellbeing of vulnerable
children, young people and adults through the arts.
Importantly, key le8s(yns were learned to enable sw'r to develop and etthance the delivery and impact of this pilot
p￿J￿L which will sijpport more vulnerable children, adults and young people through the arts in the ￿ture.
Theatr Byd Baeh - Venue
Live event8
The tskings for 2023-24 are down by about 150/0 compared to 2022-23. The bar taki￿8 Count for over half of the sales.
There were 3 musical events plus the oiher Voices festival for 2 nights, i DJ nighL l ¢ircus family show with 2
perfornwices, l theatre play brought by the National Theatre of Wales and I dance show supported by the RTDI.
SWT used all 4 applications to the Night Out scheme by the Arts Council of Wales. The other events were on a door
split basis with 300/. for SWT after a deduction of IOO/o for adminislration costs.
Also 4 perforniances were fundraisers for the IBB and the SBB projects with takings not included in the final figu
Page 4
Ashrnole & Co.

Small World Tbeatre Limited
Report of the Trustees
for the Year Ended 31 March 2024
SWT was also put in a position where all tickets had to be refunded for a cancelled international singer, increasing the
overhead costs.
Each event with low takings was flagged in a traffic light systenL This process showed that the DJ nights in the current
fornTrt lose money and therefore are not to be continued.
Room hire
The takings for 2023-24 have iticreased by about 40010 compared to 2022-23 with fewer agreed discounts on the space
hire rdtes (average 290/. discount given compared to 34% the previous year). Nearly a thiTd (around 28 %) of this income
is generated by the bar sales. A little more than 3/0 comes from teas and coffees and I l % from tech support and
equipment.
The whole spacc was hired I I times, the Jnain centrdl space 3 times and the dance studio 5 times, 5 of the total hires
were returning customers.
Commissions and Productions
Commissions and our own pmductions bring in approximately 75 /0 of the organisation's income. In 202312024 these
have included:
Commissions
Puppetry con)mission from Theatr Genedlaethol - developing and making a puppet character Ilog￿ Pren, for
Perforn￿￿eS at Eisteddfod Genedlaethol 2023
lllterDational Eisteddfod con)mission - Giant I I petalled Srebrenica tlowets for the stage and workshops with schools
at the festival nTrking smaller peace flowers
Giant Phoenix for an exhibition in the Senedd foyer- collaboration with S￿, Butetown carnival and the Senedd.
Venue Cymru - Commission to make a giant book and deliver workshops at TakepART
Aberystwyth Town Couneil - Giant Drngon and Dyl￿}￿en puppels for parade
City and County of STrvansea - Y Ddraig for winter parade
City and County of Swansea - Y Ddraig for 'Croeso CJJnru' 2 day event during Guyl Dewi Sant
National Museums of Wales - Polar Bear for Christmas event, Baby Dragon for Gwyl Dewi Sant
Carnlarthen Town Council - workshops and a lantern parade in Carntsrtben
ATrveD - Elephant and giant Star lanterns for parade
Yes Cymru - Dragon led a parnde it) Bangor
Bluestone Resort- 3 thonths bire of Drdgon over the summer plus I day hire for New Year
mern￿ld themed stsvctyre for Rlp Tide festival in Mano￿ler
Productions
Ancient Connections - delivery of a Pilgrim Fayre in the Bishops PaIa¢e, St Davids including a procession led by our
giant Dewi Sant puppet and a sea monster with schoolchildren carrying Bees and fish n]ade in workshops delivered by
SWT.
Cardlgan Ciant Lantern Parade in December 2023 themed on Myths and Ltgends and attended by 23,000+ people
including lantern bearers. Around 500 people rnade lanterns at workshops by swr aT]d participated in a vibrant
parade by a giant Minolaur.
Pembrokeshlre County Council - a sculpture trail with creative Waymarkers linking the tom￿5 of Goodwick and
Fisbguard. Community consultation is underway with the knil due to be installed in Autumn 2024.
Advocacy and Nehvorking
Artistic Director Bill Hamblett contrjbuted to key debates with the Senedd, Arts Council of Wales and international
networks. positioning the cornpany at th¢ c¢ntr¢ of the discours¢ about Climate Justice and the contribution of the arts.
Amethy8t Project Manager Dcri Morgan delivered a presentation about the project at the first Welsh Health and
Wellbging conference in October.
Markethig and Communications
Small World Theatre's Marketing Manager began the year working on the Arts Council of Wales, Investment Review
application and Business Plan with othcr senior managers and Members of the Board of Trustees. AfteT hearin
success in securing multt-year funding, there were updates to the compan5Rs website to communicate OUT con]mii
future targets and revisions to the compangs vision and aims.
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Ashmole & Co.

Small World Thevltre Llmlted
Report of the Trustees
for the Year Ended 31 March 2024
Marketing focused on the main projects including a conjmission by Pembrokeshire County Council and Wexford County
Council to deliver events for the Ancieni Connections. cross-border project. Other projects needed support to engage
hard to reach groups such as CoTlar4 inspiring creativity and providing mentsl health support in sessions for
n￿gi￿liSed groups funded by The Arts Council of Wales.
Another highlight of the year was the revival of the Cardigan Giant Lantern Parade. This event in December was
particularly heartwarming with overwhelming support from our community and a big crowd fuDding Garnpaign.
Successful marketing saw crowds return to Cardigan in their tho￿andS supporting the local economy.
Towards the end of this finanGial year, we secured a new project to c(Fcreale art trdils with the communities funded by
Pembrokeshire County Council with UK Goven]ment fill￿1ng. The art trails PToject offered new challenges and required
a f&st approach to engaging and communicating with rc.4idents and slakeholders.
We saw a bigber volume of traffic acm&s our social media as audiences re-connected with the venue. Our Instagram and
Fac¢book potpts grew in popularity, and we maintain¢d an increase in followers throughout the year.
There were opportunities for joint llwketing through re-connecting with partners and after the pandemic years and
receiving new alld excitllig COllllnissioLs, such as Theatr Genedlaethol, Venue Cy7nr￿ Cardigan Castle, LlangolleD'S
Musical Eisteddfod, Waterfront Mus¢um, Awen Culture TnksL Senedd Cymru.
FINANCIAL REVIEW
Inveslment policy alld objectives
Most of the charity fLU)ds are to be spent in the short tern], so the trustees have a policy of keeping any surplus as liquid
funds in deposit accounts that Can be accessed readily. The balance is invested in accordance with the memorandum and
articles of association. As the reserve grows, the amount invested will grow accordingly.
Reserves policy
The company policy is that it should hold adequate reserves to plan to the near- to mid- ￿tt￿e, and to make provision for
unforeseen contingencies. At the year end, free reserves were £81,893 (2023: £53,028) and these equate to over 12
months of overhead expendityre.
Results
The results of the charity are shown in the statement of financial activities on page 9. The net incoming resources of
unrestricted funds w&8 £28,865 (2023: negative £43,688). The net incoming resources of restricted funds was a negattve
£65,317 (2023: £28,480).
Financial posltlon
The Statement of Financial Activities shows a net decrease in funds of £36,452 (2023: decrease £15,208) ar￿ total net
assets of £260.229 (2023: £296,681) represenled by unrestricted funds of £81,893 (2023: £53.028) and restsicted fimds
of £178,336 (2023." £243,653). There are no unrestrACted designaled funds.
A resolution will be proposed at the AGM that A8hmole & Go., Chartered Certified Accountants be reappointed as
independent examiners to the charitable coll]pany for the ellsuing year.
STRUCTURE, COVERNANCE AIND MANAGEMENT
Coverning document
The organi8ation is a charitable company limited by guarantee, incorporated i)n 18th December 1996 and registered as
charity on 10th March 2000. The company was estsblisbed under a Memorandum of Association which estabjished the
objects and powers of the charitsble company and is governed under its Articles of Association.
Reeruitment and management of trustees
The directors of th¢ company are also charity trustees for the pU￿oSe of c]￿lty law. and are members of the ¢ompany.
There are no other trustees. The trustees who served during the year are listed on page I, together with their dales of
appointment or resignation where this took place during the year arc listed during the year. Trust¢¢s are selected by
invitation in a¢¢ordance with Article 13 of the Articles of Association.
In the evenl of the con]pally being wound up, members of the charitable company are required to contribute an
not exceeding £1.
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Ashmole & Co.

SmY4ll World Thealre Limited
Report of the Trustees
for the Year Ended 31 March 2024
REFEREI¥4CE AND ADMINJSTILITIVE DETAILS
Registered Company number
03294035 (England and Wales)
Reglstered Charlty number
1079819
Registered offiee
Canolfan Byd Bach
Bath House Road
CARDIGAN
C¢redigion
SA43 IJY
Trustees
T Rees
S Welch (resigned 20.7.24)
C Miles
T Brew (resigned 7.3.24)
S Lewis
T Wells
J Davidson (resigned 7.3.24)
Ms M Bell
AMBah
A Morris (resigned 7.9.23)
C Gmynn (appointed 5.9.24)
K C E Hanson (appointed 5.9.24)
S P Knight (appointed 5.9,24)
W J Wilkins (appointed 5,9.24)
Independent Examiner
Ashmole & Co
Manchester House
Grosvenor Hill
Cardigan
Ceredigion
SA43 IHY
Bankers
Cowoperdtive Bank PIC
PO Box 250
Skeln]ersdale
WN8 6WT
Joint Artistic Dfirectors
A Shrosbree
W Hamblett
Approved by order of th¢ board of trustees on 26 November 2024 and signed on its behalf by."
C Miles - Tn￿te¢
Page 7
Ashrnofe & Co.

Independent Examiner's Report to the Trustees of
Small World Therdtre Limited
Independent eLqminer's report to the trustees of Small World Theatre Limited ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basls of report
As the charitqs tr￿stee8 of the Company (and also its directors for the purposes of company law) you are responsil)le for
the preparntion of the accounts in accordance with the requirements of the Compani&% Act 2006 Cthe 2006 Act,).
Having satisfied myself that the accounts of the Cojnpany are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent exaniinalion. I report in respect of my examination of your chariws accounts as carried
out under Section 145 of the Charities Act 2011 ('the 2011 knt,). tn carrying out my examination I have followed the
Directions given by tbe Charity Commission under s￿tion 145{5) (b) of the 2011 Act.
Independent eLq]niner's statement
Since your charity's gross income exceeded £250.000 your exanliner must be a m¢mber of a listed body. l Can confi
that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified
Accountants, which is one of the lisfrd bodies.
I have completed my exarnination. I confirni that no matters have Coll￿ to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Conwany as Tequired by Section 386 of the 2006 Act; or
the arcounts do not accord with those records" or
the accounts do not ¢omply with the accounting requirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of an independent
examination" or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by chaTities (applicable to Charities preparing their accoullts
in ￿Cordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
lan Badhatn
Ashmole & Co
Manchester House
Grosvenor Hill
Cardigan
Ceredigion
SA43 1 HY
17.1l.Zoiy
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A5hmole & Co.

Small World Theatre Limited
Statement of FAnancial Actlvltles
for the Year Ended 31 March 2024
31.3.24
Total
31.3.23
Total
funds
Unrestricted
fimds
Restricted
funds
Notes
INCOME AND EIYDOWMENTS FROM
Donations and legacies
6,794
6,795
2,788
Charitable a¢tivitie5
Proje¢ts
229,332
16,450
245,782
178,974
Other trading activities
Other income
5.539
5,539
27,733
6,240
27,733
27,733
Total
241,665
44,184
285,849
215,735
EXPENDITURE ON
Raising funds
4262
4.262
4,427
CbarAtable aetivltles
Projects
208,538
109,501
318,039
226,516
Total
212,800
109,501
322,301
230,943
NET INCOMEI(EXPENDITURE)
28,865
(65,317)
(36,452)
(15,208)
RECONCILIATION OF FUNDS
Total funds brought fonvard
53,028
243,653
296,681
311,889
TOTAL FUNDS CARRIED FORWARD
81,893
178.336
260,229
296,681
The notes form part of these financial statements
Ashmole & Co.
Page 9

Small World Tbeatre Limited
Balance Sheet
31 March 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricled
fimds
Restricted
fimds
Notes
FIXED ASSETS
Tangible assets
28,592
954,102
982,694
1,010,835
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
154
21,535
96,495
E54
2E,535
98,081
154
1,345
97,348
io
1,586
118,184
1,586
119,770
98,847
CREDITORS
Amounts falling due within on¢ year
(64,884)
(64,883)
(7,916)
NET CURRENT ASSETS
53,300
1,587
54,887
90,931
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,892
955,689
1,037,581
1,101.766
ACCRUALS AND DEFERRED INCOME
12
(777,352)
(777,352)
(805,085)
NET ASSETS
81,892
178,337
260,229
296,681
FUNDS
UJ]restri¢ted fimds
Restricted fi￿d$
13
81.892
178,337
53,028
243.653
TOTAL FUNDS
260,229
296,681
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2024.
The members have not required the company to obtain an audit of its fllmncial statements for the year ended
31 March 2024 in ac¢oTdan¢¢ with Section 476 of th¢ Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the ch￿￿table company keeps accounting rewrds that Comply with Sections 386 and 387 of the
Coll]panies Act 2006 and
preparing financiaI statements which give a true and fair vi¢w of the state of affairs of the cbaritable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which othenvise comply with the requirements of the Companies Act
2006 relating to fmancial staten]ents, so far as applicable to the charitable company.
(b)
The notes fom part of these financial statements
Ashmole & Co.
Page 10
continued...

Small World Theatre Limited
Balance Sheet- eontinued
31 March 2024
Thes¢ fu￿￿¢1a] statements have been prepared in accordance with th¢ pmvisions applicable to ¢harAtable companies
subje¢t to the small compatiies Tegime.
The financial statements were approved by the Board of Tn￿1¢¢$ and authorised for issue on 26 November 2024 and
were SAgned on its behalf by.
S Lewis- Trustee
C Miles- Trustee
The notes forni part of these financial ststernents
Ashmole & Co.
Pagell

Small World Theatre Lfin￿ted
Notes to the Flnaneial Statements
for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the flnanclal statements
The flnancial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to c])arities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Fillancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost
onventio
Income
All income is recognised in the Statement of Financial Adivities once the cEJarity has entitlement to the fimds, it
is probable that the income will be received and the amount can be measured Teliably,
Expenditure
Liabilities are recognised as expenditUTe as soon as there is a legal or constructive obligation con]mitting the
harity to that expenditure, it is probable that a transfer of economic beneflts will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular beadings they have been allocated to activities on a basis consistent with the use of
resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write oty each asset over its estimated useful
life.
Freehold propety
Plant and machinery
over the terrn of the propety lease
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund aeeounting
Unrestricted funds can be ￿ed in accordance with the charitable objectives at the discretion of tbe trnstees.
Restricfrd funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when fimds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fimd is included in the notes lo the financial statements.
Grants receivable & payable
Revenue and capital grdnts receivable are recognised in fijll in the SOFA in the year in which they are re¢eivable.
Grants payable are recognised in the SOFA when payable.
Page 12
.•nmole & Co.

Small World Theatre Lfimited
Notes to the Finan¢lal Statements - Continued
for the Year Ended 31 Mareh 2024
DONATIONS AND LEGACIES
31.3.24
31.3.23
Donations
6,795
2,788
OTHER TRADITrIG ACTIVITIES
31.3.24
31.3.23
In House Bar and Catering
5,539
6,240
NET INCOMEI(EXPENDITURE)
Nct income/(exp¢nditure) is stated after charging/(crediting):
31.3.24
31.3.23
Depreciation - 0￿￿ed assets
28,141
28,141
TRUSTEES, REMUNERATION AND BENEFITS
There wer¢ no tr￿tees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
STAFF COSTS
DurAng 2023-24 the charity employed seven members of staff. Projects are conceived, developed and
implemented by two artistic co-directors, who are not tn￿te¢s. In addition, firther freelance project workers are
employed as and when required. The management and administration of tbe charity is sbared between the
di￿tlY-en)p1oYed members of staff and freelance workers.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fiu]ds
Restricted
funds
Total
funds
INCOME AND ENDOITrTrIENTS FROM
Donations and legacies
2,789
(i)
2,788
Charitable activities
Projects
105,195
73,779
178,974
Other trading activities
Other income
6,240
6,240
27,733
27,733
Total
114.224
101,511
215,735
EXPENDITURE ON
Raising funds
4,427
Page 13
cont
IEhmole & Co.

Small World Theatre Llmlted
Notes to the Financial Statements - Continued
for the Year Ended 3] Mareb 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
UnrestrACted
fi￿dS
Total
fimds
funds
Charitable activities
Projccts
153,485
73.031
226,516
Total
157,912
73,031
230,943
PIET INCOMEI(EXPENDITURE)
(43,688)
28,480
(15,208)
RECONCILIATION OF FUNDS
Total fillKls brought fonvard
96,716
215,173
311.889
TOTAL FUNDS CARRIED FORWARD
53,028
243,653
296,681
TANGIBLE FIXED ASSETS
Freehold
property
Plant and
machinery
Totals
COST
At l April 2023 and 31 March 2024
1,405,066
48,421
1,453,487
DEPRECIATION
Ai l April 2023
Charge for year
407,541
27,733
35,111
408
442,652
28,141
At 31 March 2024
435,274
35,519
470,793
IYET BOOK VALUE
At 31 March 2024
969,792
12.902
982,694
At 31 March 2023
997,525
13,310
1.010,835
STOCKS
31.3.24
31.3.23
Stock8
154
154
Page 14
N.-hTr￿k &Co

Small World Theatre Limited
Notes to the Financial Statements - eolltlnued
for the Year Ended 31 March 2024
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
Other debtors
Prepayments and accrued incom¢
21,485
47
1,248
50
50
21,535
1,345
ii.
CREDITORS: AMOiTNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
Social security and other taxes
Otber creditors
Accrued expenses
2,780
14,809
45,004
2,290
2.669
3,101
2,146
64,883
7,916
12.
ACCRUALS AND DEFERRED INCOME
31.3.24
31.3.23
Canolfan Byd Bychan- WEFO funding
777,352
805,085
13.
MOVEMENT IN FUNDS
Net
movement
in fiLnds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fimd
Welsh Government Covid Grant
26,458
26,570
28,864
55,322
26,570
53,028
28,864
81,892
Restricted funds
Restricted Funds
Reach the heights {Scheme l)
Reach the heights (Scheme 2)
Whatever the weather
Canolfan Byd Bychan
ACW Building Grant
CCC Building Grant
WEFO RCDF Building GTant
PAVS {Amethyst}
Foyle Foundation
Ashley Foundation
Comi¢ Relief (Amethyst)
ACW Lottery AC (An]ethyst)
ACW Lottery AC (Corlan)
Cardtgan Town Council
895
(10,168)
22
(47,731)
105,397
11,015
24,356
84,740
3,291
6,750
9,810
10,000
10,000
32,776
2,500
167.631
10,168
(22)
47,731
(105,397)
(11,015)
(24,356)
(84,740)
168,527
(3,291)
(6,750)
9,810
(10,000)
{io,000)
(32,776)
(2.500)
243.653
(65,316)
178,337
TOTAL FUNDS
296,681
(36,452)
260
Page 15
coni
P.-hmolo & Co.

Small World Theatre LI￿￿ted
Notes to the Fillaneial Statements - eontinued
for the Year Ended 31 Mareh 2024
13.
MOVEMENT IN FUNDS - eontlnued
Net movement in fimds. in¢luded in the above are as follows:
Incoming
resources
Resources
expended
Movement
in fimds
Unrestrieted funds
General fLmd
241.665
(212.801)
28.864
Restricted funds
Restricted Funds
PAVS (Amethyst)
Foyle Foundation
Comi¢ Relief (Amethyst)
ACW Lottery AC (Amethyst)
ACW Lottery AC (Corlan)
Cardigan Town Council
Amethyst
27,734
(27,733)
(3,291)
(6,750)
{io,000)
(10,000)
(36,726)
(5,000)
(i 0,000)
(3291)
{6,750)
(10,000)
(10,000)
(32.776)
(2,500)
3,950
2,500
10.000
44,184
(109,500)
(65,316)
TOTAL FUNDS
285,849
(322,301)
(36,452)
Page 16
contin
I; hmole & Co.

Small World Theatre Limited
IW4otes to the Financial Statements- continued
for the Year Ended 31 March 2024
13.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
betwe¢n
funds
At
31.3.23
At 1.4.22
Unrestrieted funds
General fund
Welsh Government Covid Grant
51,716
45,000
(43,688)
18,430
(18,430)
26,458
26,570
96,716
(43,688)
53,028
Restrieted funds
Restri¢t¢d Funds
Rea¢h the heights (Scheme l)
Reach the heigllts (Scheme 2)
Whatever the weather
Canolfan Byd Bychan
ACW Building Grant
CCC Building Grant
WEFO RCDF Building Grant
ACW (Periant Newid Pethau)
PAVS (Amethyst)
Foyle Foundation
Ashley Foundation
CAVO (Amethyst)
Comic Relief (Amethyst)
ACW t￿ltery AC (Amethyst)
ACW Lottery AC (Corlan)
Cardigan Town Council
895
895
(10,168)
22
(47,731)
105,397
11,015
24,356
84,740
(10,168)
22
(47.731)
105,397
11,015
24,356
84,740
19,589
3,893
6,750
9,810
7,500
(19,589)
(602)
3291
6,750
9,810
(7,500)
10,000
10,000
33,671
2,500
10,000
10,000
32,776
2,500
(895)
215,173
28,480
243,653
TOTAL FUNDS
311,889
(15,208)
296,681
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Generdl futMI
114,224
(157,912)
(43,688)
Restricted funds
Restricted Funds
ACW {Periant Newid Pethau)
PAVS (Amethyst)
CAVO (Amethyst)
Comic Relief (Amethyst)
ACW Lottery AC (Amethyst)
ACW Lottery AC (Corian)
Cardigan Town Council
27,733
2,919
10,560
2,250
10,000
i 0,000
35,549
2,500
(27,733)
(22,508)
(11,162)
(9,750)
(19,589)
(602)
(7,500)
10,000
10.000
33.671
2,500
(1,878)
101,511
(73,031)
28,480
TOTAL FUI¥4DS
215,735
(230,943)
(15
Page 17
conl
hmole & Co.

Small World Theatre Limited
Notes to the Financial Ststements- eontlnlled
for the Year Ended 31 March 2024
13.
MOVEMENT IN FUNDS - Continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movetnent
in fimds
Transfers
between
funds
At
31.3.24
At 1.4.22
Unrestrfieted funds
General fund
Welsh Government Covid Grant
51,716
45,000
(14,824)
18,430
(18,430)
55,322
26,570
96,716
(14,824)
81,892
Restricted funds
Restricted Funds
Reach the heights (Scheme l)
R¢ach the heights (Scheme 2)
Whatever the weather
Canolfan Byd Bychan
ACW Building Grant
CCC Building Grant
WEFO RCDF Building Grant
ACW (Periant Newid Pethau)
PAVS (Amethyst)
Foyle Foundation
Ashley Foundation
CAVO (Amethyst)
ACW LL)ttery AC (Corlan)
168.526
10,168
(22)
47,731
(105,397)
(11,015)
(24,356)
(84.740)
168,527
(10,168)
22
(47,731)
105,397
11,015
24.356
84,740
19.589
3,893
6,750
9,810
7,500
(19,589)
(3,893)
(6,750)
9,810
{7,500)
895
(895)
215,173
(36,836)
178,337
TOTAL FUNDS
311,889
(51,660)
260,229
A Current year 12 months and prior year 12 months combined net moVe￿ent in fLmds, included in the above are
as follows..
In¢oming
resources
Resources
expended
Movement
in funds
Unrestrieted funds
General fund
355,889
(370.713)
(14,824)
Restricted funds
Restricted Full(L
ACW {Periant Newid Pethau)
PAVS (Amethyst)
Foyle Foundation
CAVO (Amethyst)
Comic Relief (Amethyst)
ACW Li)ttery AC (Amethyst)
ACW Lottery AC (Corlan)
Cardigan Town Coull¢il
Amethyst
55,467
2.919
10,560
(55,466)
(22,508)
(14,453)
(6.750)
(9,750)
(io,000}
(i o,000}
(38,604)
(5.000)
(10,000)
(19.589)
(3,893)
(6,750)
(7,500)
2.250
10,000
10,000
39,499
5.000
10,000
895
145,695
(182,531)
(36,836)
TOTAL FUNDS
501,584
(553,244)
(51
Page 18
con
ehnvjtè & Co.

Small World Theatre Limited
Iyotes to the Finaneial Statements - eontfinued
for the Year Ended 31 March 2024
14.
RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 31 March 2024.
15.
ULTIMATE CONTROLLING PARTY
The charitable con]pany is limited by guarantee and has no share capitsl. Control is vested in the Board of
Tn￿tee$.
16.
PURPOSE OF RESTIUCTED FUNDS
The purpose and activities of restricted fimds are referred to in detail in the Trustee's Report.
17.
GOING CONCERN
These financial ststements are prepared on a going concern basis. The t￿￿te¢S have a reasonable expe¢tstion that
the charity will continue in operational existence for the foreseeable future.
Page 19
Ashmole & Co.

Small World Theatre Llmlted
Detalled Statement of Finanelal Aetivities
for the Year Ended 31 March 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donation8 and legaeles
Donations
6,795
2,788
Other trading activities
In House Bar and CaterAng
5,539
6,240
Ch74ritable activities
Projects
Theatres & CBB hire
Miscellaneous Income
FITS payments
Conllnissions & ONwn Productions
ACW Lottery AC (Amethyst)
ACW Li)ttery AC (Corlan)
Comic Relief Grant (Amethyst)
CAVO (Amethyst)
Cardigan Town Council
Community Foundation in Wales
ACW (Peiriant Newid Pethau)
PAVS (Amethyst)
100,700
22.005
9,596
279
81,752
78,703
21.159
2,795
2,538
10,000
35,550
10.000
2,250
2,500
3.950
15.000
2,500
10.000
2,919
10,560
245,782
178,974
Other income
Canolfan Byd Bychan
27,733
27,733
Total incoming resourees
285,849
215,735
EXPENDITURE
Other trAding activities
Bar expenses
Catering expenses
4,262
3,925
502
4,262
4,427
Charitable aetlvitieg
Wages
Production expenses
217,507
12,053
146,425
5,233
229,560
151,658
Support costs
Management
Rates and water
Insurance
Light and heal
Cattied forward
226
6,806
3,643
10,675
335
7,078
2,045
9,458
This page does not fom] part of the ststhtory fmancial statements
Page 20
Ashmole & Co.

Small World Thextre Limited
Detalled Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
Management
Brought fonvard
Telephone
Postage and stationery
Consumables
Staff training
Other overhead
Memberships and conferenc&q
Rq)airs and renewals
Premise8 Tents]
Subscriptions
Depreciation
10,675
2,477
1,478
816
2,721
11,723
146
9,178
5,275
395
28,141
9,458
1,596
1,474
877
16,566
379
5,913
3,080
28,141
73,025
67,484
Flnance
Bank charges
311
211
Informatlon technology
Compuler consumables
Travel & subsistence
Translation
3,542
1,913
520
4,257
1,771
6,028
5,975
Governanee costs
Accountancy
IKgaI & professional fees
1,194
7,921
1,188
9,115
1,188
Totsl resources expended
322,301
230,943
Net expendlture
(36,452)
(15,208)
This page does not forni part of the statutory fllwicial statements
Page 21
Ashnw)le & Co.