REGISTERED COMPANY NUMBER: 03294035 (England Wales) REGISTERED CHARITY NUMBER: 1079819 Report of the Trustees and Unaudlted Financial Statements for the Year Ended 31 Mllreh 2025 for SmAll World Theatre Limited Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 IHY Ashmde & Co.
Small World Theydtre Limited Contents of the Financial Statements for the Year Ended 31 Marcb 2025 Page Report of the Trustees Independent Examfiner's Report Statement of Financial Activities Balance Sheet Notes to the FAnanefial Statements 11 to 18 Detailed Statement of Financial Actlvltles 19 to 20 Ashmoye & Co.
Small World Theatre Llmlled Report of the Trustee5 for the Year Ended 31 March 2025 The Trustees who are also the directors of the Charitable Con4)any for the purposes of the Companies Act, submit their arnual report and the independently examined fin8ncial statements for the year ended 3 1st March 2025. The Trustees have adopi¢d the Ststem¢nt of Recommend¢d Practice (SORP) "Accounting and Reporling by Clwities" issued in 2005, and the nallieS, Act 2006 in preparing the annual report and financial statements of the charity Page I Ashmo18 &Co.
SnLqll World Theatre Llmited Report of the Trustees for the Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE Charitable 2Ctivitie8 Our Vision, Mission & Core Aims Vlsion To learn from the past to create in the presenL foT the benefit of the future. Mission Statement Small World Theatre exists to create exciting, innovative, ¢njoyable, and high-quality perfOrn]ceS and participatory projects that challenge assumptions about the world we share. We place particular importance on clinvdie justice, tivity, and inclusivity, enabling diverse coDllnuniti¢s in Wales to flourish through meaningful engagement with the arts, Our work is co-created with con)munities and parthers, expressing their ideas and lived experiences while placing the arts at the heart of social change. The vision is supported by our strategic aims.. - To focus Small World Theatre's arts-based prnctice on envisaging positive futu$ in the face of prodigious challenges such as climate change and inequality, thus delivering the rLxommendations of Welsh Government's Well-being of Future Generdtions Act. - To engage with people of all ages, abilities and ethnicities giving access to a M¢alth of experiences through the arts from small-scale workshops to professional theatre performances to giant outdoor spectacular shows. - To continue to produce and promote work in the Welsh language and bilingually as an organisation rooted in Wal¢s with an international outlook. - To cultivate emerging talent and foster creative thinking, maintatning and further developing a range of high-quality artistic skills within the cothpany. - To contribute to the local economy by providing employment, working with Associate Artists and delivering events that bring economic return to the area. Strategic Progress and Governance This year Small World Theatre delivered strongly on the goals of our five-year business plan while meeting the requirements of becoming a newly funded Arts Council of Wales (ACW) portfolio organisation. DurAng a perlod of internal transition, Tom Wells stepped back as Chair {remaining a trustee) to support the organisation two days per week, resolving a complex flljancial situation caused by changes in staffing and financial systems. Thanks to this worL all fllwice systems are llow robustly managed iti-house. We navigated Several staffmg changes: Amy Morriq left in October to focus on filnmkng, while Siobhan McGovern was employed short-tern] to manage Gwyl y Golau. The decision was made to fill Amls post in the new year. Meanwhile, trustee Mair Bell was appointed Managing Director and will begin the role in March 2025. A draft Strategic Plan for 2025126 was submitted to ACW, infonned by a joint Visioning Day with staff and trustees. The company also undertook a major rebranding exercise led by Sam Vicary and Amy> with designer Siaron Hugbes appointed to roll out the new brand over the corning year. or Creative Pro ects Art Afool I Celf ar Droed In this project in Fishguard and Goodwick we produced three sculpture trails Co-created witb the two local conununities. The trails attracted new visitors and strengthened environmental appre¢iation-parti¢ularly around biodiversity, a key theme emerging from consultation. Pembrokeshire County Council commissioned a spectacular owl-led lantern arade for the On land's Edge festival, and the trails re¢eived national attentio in The Times Seven of the UK'S best with kids this month... great basis for a half-tern) adventte - combines tech with the great outdooTS." (October 2 Page 2 Ashmole & Co.
SnL8ll World Theatre Limited Report of the Trustees for the Year Ended 31 Mareh 2025 Community enthusiasm has already inspired discussions for a major new ¢on)n]ission.' a large Moby Dick puppet and lantern parade. Llals yr Afon The fst year of this two-year arts-and-science project focused on the lower Teifi valley? delivered with West Wales Pivers Trust and spacetocreate. Six in-depth sessions were held in Llechryd and Cenarth, alongside a three-day river festival. Introductory sessions were also held in Cardigan, Cilgerfdll and Llandudoch. This work contrAbuted to the People's Plan for the Teifi, compiled by the Rivers Trnst. Year two will continue dowrL8tream towards the estuary, led by Small World Theatre and funded by the National Heritage Lottery Fund. Gwyl y Golau Witb Shared Prosperity Funding, we expanded Cardigan's annual lantern parade into a month-long Festival of Lighi. tnstallations illuminated buildings and shopfronts throughout the town. Despite severe stonns-including Daragh-causing danwe and a postponed parade, the rescheduled event still attracted over 11,000 spectators. Community pride and local business engagement were exceptionally strong, n1ak1t Gwyl y Golau one of the yeaes standout successes. coMn$s1Ons and Giant Puppet Work A range of commissions contributed to creative development and income generation, including: - A puffin puppet and crankie for Tenby Museum - Mari Llwyd creation for Y Ddraenen Wen, based in Llanelli - Puppet-making nterClaSseS for the Queen Elizabeth Scholarship Tnt - Workshops and exhibition for Craft Festival Wales - christnS lantern parades for Awen Cultural Trust and Carnwthenshire CC Giant puppets continue to be a vitsl income streary with regular hires to the City and County of Swansea, National Waterfront Meurn, Bluestone Re50rt, Aberystwyth Council, Yes C)rynru, and others. Popular characters included the dragon, Dwynwen, owl, elephant, polar bear, and giant stars. We also continue to deliver annual workshops at TakepART (Venue Cyn]ru) and receive ¢on]missions from Conwy CC. Core Partiei ation Pro ects Ametbyst Amethyst supports young people with mental health clmllenges and vulnerabilities, working this year with: - The Monday Group (referrals from five secondary schools, some travelling 50 miles) - Futureworks school-refuser support service Ceredigion Home Education group - Peer support training at Ysgol Uwchradd Aberteifi - Arts Boost (Hywel Dda and CAMHS) - Uplifting Aerial continuation pathway - Wellbeing sessions in Ysgol Preseli Amethyst continues to be a vital, tnLSted programme across the region. leuenetid Byd Bach (tBB) Our inclusive youth theatre Produced four perfonnances this year, offering a safe and creative space for young people including participants from Amethyst and SBB - to collaborate, build confidence and make theatre. Syrcas Byd Baeh (SBB) Page 3 Ashmole & Co.
Small World Theatre Limited Report of the Trustees for the Year Ended 31 March 2025 Our aerial circus training school continued to offer ternily programmes, summer schools and rnasterclasses. Smdents rotate across equipment to develop well-rounded skills. We are proud that five fonLer SBB participants are now pursuing professional aeriaV¢ircus careers, demonstrating the value of this rural Creative pathway. Live Events at Theatr Byd Br4¢h Theatr Byd Bach hosted a rich season of perforniances, including: - Breathe - a magical, sold-out puppet show exploring trees and myceIium - Pronghorn- a high-energy coThpunk hoedowi - Trw¢o - revived artslscience programme featuring a Complicité film and discussion with Dr Jane Davidson - An album launch for local musicians Cynefin These events reinforced the venue's role as a lively cultural hub for the regio Marketing and Conununleallons Marketing played a ¢entrnl role in delivering organisational aims this year, supporting major projects and driving record engagement. Highlights include: - Significant advances in the Welsh IAnguage Plan and ACW Compliance - Full rebrdnd development and website inwrovements A highly successful marketing campaign for Gwyl y Golau and the Cardigan Lantern Parade, ¢ontributing to an audience of -1 1,000 - IArge-s¢ale consultstion and positive media interest for Art Afoot - Strong partnership promotion with organisations including MolaTa Awen, Visit Pembrokeshire, and Amethyst - Increased website traffic and social media reach across all platfonns A review of programmi and support for visiting artists was initiated following severnl under-attended events, leading to clearer boundarie8 and more sustainable working practices going forward. Conclusion This year Small World Theatre delivered meaningful, high-quality work llY aligned with our VisiotL Mission and Aims. OUT projects enriched communities, strengthened wellbeing• ¢elebra¢ed Welsh culture, and brought national visibility to rural Creativity. Through strdtegic governance improvements, a refreshed brand, strengthened partnerships, and njOr creative outyuts, we continue to build a resilient and internationally resonant organisation rooted deeply in west Wales. FINANCIAL REVIEW Investment poli¢y and objeetives Mos¢ of the Charity fvnds are to be spent in the short tern4 so the tnJstee5 have a policy of keeping any surplus as liquid nds in deposit accounts that can be accessed readAly. The balance is invested in accordan¢e with the memorandum and articles of associatioTh As the reserve grows, the amount invested will grow accordingly. Reserves polfiey The company policy is that it should hold adequate reserves to plan to the n&v- to mid- futLwe, and to make provision foi unforeseen contingencies. Ai the year end, free reserves were £86,194 (2024: £81,893) and these equate to over 12 months of overhead expenditure. Page 4 Ashmole & Co.
Small World Theatre Limited Report of the Trnstees for the Year Ended 31 March 2025 FIINANCIAL REVIEW Results The results of the clwity are Sho7 in the statement of financial activities. The net incoming resources of unrestricted funds was £4,302 (2024.. £28,865). The net incoming resources of restrirted fimds wa5 £21,228 (2024: £65,317 negative). Fillanelal posltlon The Statement of Financial Activities shows a net in¢se in funds of £25,530 (2024: decrease £36.452) and total net assets of £285,759 (2024: £260,229) represented by unrestricted funds of £86,194 (2024., £81,893) and restricted funds of £199,565 (2024: £178,336). There are no unrestricted designated funds. A resolution WIEI be proposed at the AGM that Asbmole & co., Chartered Certified Accountants be reappointed as independent examiners to the clLaritable company for the ensuing year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The organisation is a charitable company limited by guarantee, incorporated on 18th December 1996 and registered as a charity on 10th March 2000. The ¢otnpany was estsblished under a Memordndum of Association which established the objects and powers of the charitsble cornpany and is governed under its Articles of Association. Recrultmellt and management of trustees The directors of the company are also charity trustees for the pury)ose of charity law, and are members of the Company. There are no other trnstees. The trustees who served during the year are listed on page I, together with their dates of appointment or resignation where this took place during the year aTe listed during the year. Tntee$ are selected by invitation in accordance Article 13 of the Articles of Association. In the event of the company being wound up, members of the charltable company are required to contnbute an amount not exceeding £1. REFERENCE AND ADMINISTRATtVE DETAILS Reglstered Company number 03294035 (England and Wales) Registered Cbarlty number 1079819 Reglstered offiee Canolfan Byd Bach Bath House Road CARDIGAN Ceredigion SA43 IJY Trustees T Rees S Welch (resigned 20.7.24) C Miles S Lewis T Wells Ms M Bell (resigned 18.2.25) AMBah C Gwynn (appointed 5.9.24) K C E Hanson (appointed 5.9.24) S P Knight (appointed 5.9.24) W J Wi]kins (appointed 5.9.24) Page 5 Ashmole & Co.
Small World Theatre Limited Report of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Ashmol¢ & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1 HY Bankers Co-operative Bank PIC PO Box 250 Skelmersdale WN8 6WT Jolnt Artlstlc Dfireetors A ShTosbTee W Hamblett Approved by order of the board of tNstees on I l December 2025 and signed on its behalf by: C Miles - Trustee Page 6 Ashrnole & Co.
Independent Examinerls Report to the Trustees of Small World Theatre Limlted Independent examiner's report to the trustees of Small World Theatre Limited ('the Company,) I report to the charity tntstees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's InteeS of the Company (and also its directors for the pury)oses of company law) you are responsible for the Preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited undei Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of your charitys accounts as carrioj out under Section 145 of the Charities Act 2011 ('the 2011 A¢t'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 2011 A¢L Independent examiner's statement Since your ¢harity'S gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirn) that I am qualified to undertake the examination because I am a mejnber of the Association of Chartered Certified Accountanls, which is one of the listed bodies. I have coMpled my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in Tespect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records" or the accounts do not comply with the accounting quIreMents of Section 396 of the 2006 Act other than any requiremeni that the accounts give a trne 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 r accounting and reporting by charities (appli¢able to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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 ofthe accounts to be reached. Ian Badham Asbmole & Co Manchester House GTosvenor Hill Cardigan Ceredigion SA43 IHY 11. 12. IDtf Page 7 Ashmoje & Co.
SRDall World Theatre Limited Statement of Financi21 Aetivities for the Year Ended 31 March 2025 31.3.25 Totsl funds 31.3.24 Total fimds Unrestricted funds Restricted funds Notes INCOME AND EIVDOWMENTS FROM Donations and legacies 1,414 1,414 6,795 Charitable activities Projects 432,460 91,551 524,011 245,782 Other trading activities Other income 10,277 10277 27,733 5.539 27,733 27,733 Total 444,151 119,284 563,435 285,849 EXPENDITURE ON Raising funds 5,712 5,712 4,262 Cbarltable aetAvltfies Projects 412,909 119,284 532,193 318,039 Total 418,621 119284 537,905 322,301 NET KNCOMEI{EXPEIYDITURE) Transfers between funds 25,530 (21,228) 25.530 (36,452) 13 21,228 Flet movement In funds 4,302 21,228 25,530 {36,452} RECONCILIATION OF FUNDS Total funds brought forward 81,892 178,337 260.229 296,681 TOTAL FUNDS CARRIED FORWARD 86,194 199,565 285,759 260,229 The notes forni part of these financial statements Ashmole & Co. Page 8
Small World Theydtre Limited Balanee Sheet 31 March 2025 31.3.25 Totsl funds 31.3.24 Total fimds Unrestricted funds Restricted fundt Notes FIXED ASSETS Tangible assets 26,082 947.390 973,472 982,694 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 154 21,344 50,734 154 21,344 52,528 154 21,535 98,081 io 1,794 72232 1,794 74,026 119,770 CREDITORS Amounts falling due within one year (12,120) (12,120) (64,883) L¥4ET Ci]RRENT ASSETS 60,112 1,794 61,906 54,887 TOTAL ASSETS LESS CURRENT LIABILrriES 86,194 949,184 1.035,378 1,037,581 ACCRUALS AND DEFERRED INCOME 12 (749,619) (749,619) (777,352) NET ASSETS 86,194 199,565 285,759 260,229 FUNDS Unrestricted fjjnds Restricted funds 13 86,194 199,565 81,892 178,337 TOTAL FtJNDS 285,759 260,229 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 MaTch 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance witli Sectlon 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charttable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its sulUS or defictt for each financial year in accordance with the requirements of Sections 394 alld 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial stslements, so far as applicable to the charitable company. (b) The notes forni part of these fmancial statements Page 9 conti Ashrnole & Co.
Small World Theatre Limlted Balance Sheet- continued 31 March 2025 These financial statements have been prepared in accordance with the pmvisions applicable to charitable companies subje¢t to th¢ small ¢ompanies regime. The fUnClaI statements w¢r¢ approved by the Board of Trustees and authorised for issue on I l December 2025 and were signed on its behalf by. S Lewis - Tntstee C Miles- Trustee The notes forni part of these financial statements A$hmdo & Co. Page 10
Small World Theatre Limited Notes to the Flnan¢lal Statemenls for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparlng the fflnanclal statements Th¢ financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordanr£ with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordanGc witb the FinancÈal Rq)orting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l J8nuary 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fela1 statements have been prepared under the historical cost conventio Income All income is recogntsed in th¢ Statement of Financial Activities once the clJ8rity has entitlement to the nds, it is probable that the income will be re1Ved and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation ¢ommitting the harity to that expenditur¢, it is probable that a transfer of e¢onomi¢ benefits will be required in settlement and the amount of the obligation can b¢ measured reliably. Expenditure is a¢¢ounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs eamiot be directly attnbuted to particular beadings they have been allocated to activities on a basis conslstent with the use of resources. Tangible red assets Depre¢tation is provided at the following annual rates in order to Mrite off each asset over its estimated useful life. Freebold propety Plant and machinery over the tern] of the property lease 10/0 oncost Stocks Stocks are valued at the lower of cost and net realisable value. after nmking due allowance for obsolete and slow moving items. Taxvdtion The charity is exempt from CoOration tax on its charitsble activities. Fund aecounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricfrd fimds ¢an only be used for particular restricted PUTposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nattwe and pwpose of each fund is included in the notes to the financial statements. Grv4Dt$ receivable & payable Revenue and capital grants receivable are recognised in full in the SOFA in the year in which they are receivable. Grants payable are recognised in the SOFA when payable. Pagell conti Asnmole & Co.
Small World Theatre Limiled Notes to the Flnancfial Statements - Continued for the Year Ended 31 Marth 2025 DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 1,414 6.795 OTHER TILIDING ACTIVITIES 31.3.25 31.3.24 In House Bar and Catering 10.277 5,539 NET INCOME/(EXPENDITURE) N¢t Jncom¢/(¢xndItUre) is stated after charging/(crediting): 31.3.25 31.3.24 Depreciation - owned assets 30,243 28,141 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remunerdtion or other benefjts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no tNstees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS During 2024-25 the charity employed eight members of stsff. Proje¢tq are conceived, developed and implemented by two artistic Co-directors. who are not trustees. ID addition, fither freelance project workers are employed as and when required. The management and administration of the charity is shared between the directly-employed members of stsff and freelance workers. COMPARATIVES FOR THE STATEMENT OF FINANCLIL ACTIVITIES Unrestricted fimds Restricted funds Tolal INCOME AND ENDOWMENTS FROM Donations and legacies 6.794 6,795 Charitable aetivffitles Projects 229,332 16,450 245,782 Other trading activities Other income 5,539 5,539 27,733 27,733 Total 241,665 44,184 285,849 EXPENDITURE ON Raising funds 4,262 Page 12 Asnmolè & Co.
Small World Theatre Limited 1¥4otes to the Financial Statements - continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Continued Unrestricted R¢strACted funds Total funds Charitable aedvfilles Projects 208,538 109,501 318,039 Total 212,800 109,501 322,301 NET INCOMEI(EXPENDITURE) 28,865 (65,317) (36,452) RECONCILIATION OF FUls Total fimds brought fonvard 53,028 243,653 296,681 TOTAL FUNDS CARRIED FORWARD 81,893 178,336 260,229 TANGIBLE FIXED ASSETS Freehold propety Plant and nlachinery Totals COST At l April 2024 Additions 1,405,066 48.421 21,021 1,453,487 21,021 At 31 Mah 2025 1,405,066 69,442 1,474,508 DEPRECIATION At l April 2024 Charge for year 435,274 27,733 35,519 2.510 470,793 30,243 At 31 March 2025 463,007 38,029 501,036 ET BOOK VALUE At 31 March 2025 942,059 31.413 973,472 At 31 Mar¢h 2024 969,792 12,902 982,694 Page 13 conti Ashmole & Co.
Small World Thealre Limited Notes to the Financial Ststements - continued for the Year Ended 31 Mareh 2025 STOCKS 31.3.25 31.3.24 Stocks 154 154 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Pr¢paents and accN¢d incon 21,294 50 21,485 50 21,344 21,535 ii. CREDITORS: AMOUNTS FALLING DUE WITHllY ONE YEAR 31.3.25 31.3.24 Trade creditors Social security and other taxes Other creditors ACCed expenses 6,787 3,163 280 1,890 2,780 14,809 45,004 2,290 12,120 64,883 12. ACCRUALS AND DKFERRED INCOME 31.3.25 31.3.24 Canolfan Byd Bychan- WEFO fill1n8 749,619 777,352 13. MOVEMENT IN FUNDS Net ovement Trdnsfers between funds At 31.3.25 At 1.4.24 Unrestricted funds General fvnd Welsh Government Covid Grant 55.322 26,570 25.530 (21,228) 59,624 26,570 81,892 25,530 (21,228) 86,194 Restricted funds Restricted Funds Ashley Foundation 168,527 9,810 21,228 189,755 9.810 178.337 21,228 199.565 TOTAL FUNDS 260,229 25,530 285,759 Page 14 con Ashmolè & Co.
Small World Theatre Limited Notes to the FIDancial Statements - continued for the Year Ended 31 Mareh 2025 13. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources ¢xpended Movement in funds UDrestrleted funds General fund 444.151 (418,621) 25,530 Restricted funds Restrtcted Funds 119,284 (119,284) TOTAL FUNDS 563,435 (537,905) 25.530 Comparatives for movement in fund5 Net ovement in fimds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fill Wclsh 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 Grant PAVS (iknethy8t) Foyle Foundation Ashley Foundation Cornic Relief {Amethyst) ACW Inttery AC (Amethyst) ACW Lottery AC (Corlan) Cardigan 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} 47,73 I (105,397) (11,015) (24,356) (84.740) 168,527 (3,291) (6,750) 9,810 (10,000) (10,000) (32,776) (2,500) 243.653 (65,316) 178,337 TOTAL FUNDS 296,681 (36,452) 260,229 Page 15 con Ashmole & C
Small World Theatre Lffited 1¥4otes to the Financial Statements - eontinued for the Year Ended 31 March 2025 13. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fimds Unrestrlcted funds General fund 241,665 (212,801) 28,864 Restricted funds Restricfrd Funds PAVS (Amethyst) Foyle Foundation Comic Relief (Amethyst) ACW LA)ttery AC (Amethyst) ACW Lottery AC (Corlan) Cardigan Town Council Amethyst 27,734 {27,733) (3,291) (6,750) (10,000) (10.000) (36,726) (5,000) (iO,(M)O) (3,291) (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) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between fLmds At 31.3.25 At 1.4.23 Unrestrfieted funds General fund Welsh Governmeni Covid Grdot 26,458 26,570 54,394 (21,228) 59,624 26,570 53,028 54,394 (21,228) 86,194 Restri¢ted funds Restricted Funds Reach th¢ heights (Scheme l) Reach the heights (Scheme 2) Vhatever the weather Canolfan Byd Bychan ACW Building Grant CCC Building Grant WEFO RCDF Building Grant PAVS (Amethyst) Foylc Foundation Ashley Foundation Comic Relief {Amethyst) ACW Lottery AC (Amethyst) ACW Lottery AC (Corlan) Cardigan 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 2,500 188.859 10.168 (22) 47.731 (105,397) (11,015) (24,356) (84.740) 189,755 (3,291) (6,750) 9,810 (10,000) (10,000) (32,776) (2,500) 243,653 (65,316) 21,228 199,565 TOTAL FUIYDS 296,681 (10,922) 285,759 Page 16 conti Asnmole & Co.
Small World Theatre Limited Notes to the Financial Statements - continued ror the Year Ended 31 March 2025 13. MOVEMENT IN FUNDS - eontinued A ¢urrent year 12 months and prior year 12 months cojnbined net movetllent in fLmds, included in the above are as follows: In¢oming resources Resources expended Movement in fimds Unrestricted fund$ General fid 685,816 (631,422) 54,394 Restrlcted funds Restricted Funds PAVS (Amethyst) Foyle Foundation Comic Relief {Amethyst) ACW Lottery AC (Amethyst) ACW Lottery AC (Corlan) Cardigan Town Council Anjethyst 147,018 (147,017) (3,291) (6.750) (10,000) { 10,000) (36,726) (5,000) (i 0,000) {3.291) (6,750) (10,000) (10,000) (32,776) (2,500) 3,950 2,500 10,000 163,468 (228,784} (65,316) TOTAL FUNDS 849,284 (860,206) (10,922) 14. RELATED PARTY DISCLOSURES During the year to 3 Isl March 2025, the following payments were made to trustees of the cknity: Tom Wells was paid £10,667 for bookkeeping and financial consultancy. Steve Knight Wds paid £5,000 for artworK and £900 for tecl)nical cOulncy. Other related party transactions during the year include: A £3,750 rent payment made to Helen Lloyd for storing company pmpety. 15. ULTIMATE CONTROLLING PARTY The charitable company is limited by guarantee and has no share capital. Control is vested in the Board of Trnstees. 16. PURPOSE OF RESTIUCTED FUNDS The purpose and activities of restricted funds are referred to in detail in the Trustee's Report. Page 17 conti Ashmole & Co.
Small World Theatre Limited Notes to the Finaneial Statements- eontlnued for the Year Ended 31 March 2025 17. GOtNG CONCERN These f1ClaI statements are prepared on a going concern basis. The trustees have a re&sonable expectation that the charity will continue in operational existence for the foreseeable future, Page 18 Ashmole & Co.
Small World Theatre Llmlted Detalied Statement of Finaneial Aetivities for the Year Ended 31 March 2025 31.3.25 31.3.24 LYCOME AND ENDOWMENTS Donations and legacies Donations 1,414 6,795 Other trad5ng actlvltles In House Bar and Catering 10,277 5,539 Charltable aclivilfies Projects Theatres & CBB hire Miscellaneous Income FITS paynents In kind income Syrcas Byd Ba¢h, class fees & master¢lasses Venue perfonnances Commissions & Pmductions Grants (non-ACW) ACW Lottery AC (Corlan) Building & equipment hire CAVO (Amethyst) Youth Theatre ACW Project Grants Cardigan Toll Council Government & local authority grdnts Con)munity Foundation in Wales ACW Multi Year Funding 100,700 22,005 9,596 279 3,780 9.717 34,151 9,208 210,015 103,025 81,752 3,950 12,801 15,000 4,263 32,454 2,500 46,097 10,000 58,500 524,0 I I 245.782 Other ineome Canolfan Byd Bychan 27,733 27,733 Total incoming resourtes 563,435 285,849 Other tradlng activities Bar expenses 5,712 4,262 Cbarltable actlvltfies Wages Production expenses 415,273 28,424 217,507 12,053 443,697 229,560 Support costs Management Rates and water Carried fonvard 381 381 226 226 This page does not forni part of the statutory financial ststernents Page 19 Ashmole & Co.
Small World Theatre Limited Detailed StAtement of Flnancfial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Management Brought forward Insurance Light and heat Telephone Postage and stationery Consumables Staff training Other overhead menerShipS and conferences Repairs and renewals Premises Tental Subscriptions Equipment hire Depreciation 381 7,602 4,504 1,264 1,039 157 1,139 2.525 226 6,806 3,643 2.477 1,478 816 2,721 11.723 146 9,178 5,275 395 12,875 8,977 3,179 3,000 30,243 28,141 76,885 73,025 Finance Bank charges 699 Information technology Travel & subsistence Translation 3,230 2,402 4257 1,771 5,632 6,028 GovernY4nce costs Accountancy Legal & professional fees 1,224 4,056 1,194 7,921 5,280 9,115 Total resources expended 537,905 322,301 Net ID¢omel(expendlture) 25,530 (36,452) This page does not forni part of the statutory fllLancial slatements Page 20 Ashmole & Co.