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 ￿n￿allieS, Act 2006 in preparing the annual report and financial statements of the charity
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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) adventt￿e - combines tech with the great outdooTS." (October 2
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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 f￿st 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 n￿terClaSseS for the Queen Elizabeth Scholarship Tn￿t
- Workshops and exhibition for Craft Festival Wales
- christn￿S 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 M￿eurn, 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)
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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 n￿jOr 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.
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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. Tn￿tee$ 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)
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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
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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 In￿teeS 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 coMple￿d 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
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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.
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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 su￿lUS 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
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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 fU￿nClaI 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.
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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 f￿￿￿ela1 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 r￿e1Ved 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 r￿ed 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 Co￿Oration 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
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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¢/(¢x￿ndItUre) 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
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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 FUl￿s
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 Ma￿h 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
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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¢pa￿ents 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
ACC￿ed 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 fill￿1n8
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
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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
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Ashmole & C

Small World Theatre Lffi￿￿ted
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
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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 fi￿d
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 cO￿ul￿ncy.
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
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Ashmole & Co.

Small World Theatre Limited
Notes to the Finaneial Statements- eontlnued
for the Year Ended 31 March 2025
17.
GOtNG CONCERN
These f￿￿1ClaI 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
men￿erShipS 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.