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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|fund|funds|funds|fundsf|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||278,050|112,039|390,089|341,247|
|Charitable
activities||||||||
|Promoting
contemporary|visual|art||7,183||7,183|863|
|Other trading
activities||||6,417||6,417||
|Investment
income||||151||151|380|
|Total||||291,801|112,039|403,840|342,490|
|EXPENDITURE ON||||||||
|Raising funds||||41,665||41,665|41,156|
|Charitable
activities||||||||
|Promoting
contemporary|visual|art||245,497|67,203|312,700|156,075|
|Total||||287,162|67,203|354,365|197,231|
|NET INCOME||||4,639|44,836|49,475|145,259|
|Transfers
between
funds|||19|~21.796)|21,796|||
|Net movement
in funds||||(17,157)|66,632|49,475|145,259|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought
forward||||234,039||234,039|88,780|
|TOTAL FUNDS CARRIED FORWARD||||216,882|66,632|283,514|234,039|
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|F||||
|FIXEDASSETS||||||
|Tangible assets|15|4,027||4,027|2+06|
|CURRENT ASSETS||||||
|Debtors|16|31,380|16,269|47,649|152,844|
|Cash at bank||201,824|57,610|259434|104,196|
|||233,204|73,879|307,083|257,040|
|CREDITORS||||||
|Amounts
falling due within one year|17|(20,349)|(7,247)|(27,596)|(25,207)|
|NET CURRENT ASSETS||212855|66„632|279,487|231,833|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|216,882|66,632|283,514|234,039|
|NETASSETS||216,882|66.632|283.514|234,039|
|FUNDS|19|||||
|Unrestricted
funds||||216,882|234,039|
|Restricted funds||||66632||
|TOTAL FUNDS||||283,514|234.039|
##
##
||||2021|2020|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated
from operations|||158 176|42 924|
|Net cash provided
by operating
activities|||158,176|42,924|
|Cash flows from investing|activities||||
|Purchase oftangible
fixed assets|||(3,089)||
|Interest received|||151|380|
|Net cash (used in)/provided|by investing|activities|~2.938)|380|
|Change
in cash and cash|equivalents|in|||
|the reporting
period|||155,238|43,304|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||104,196|60,892|
|Cash and cash equivalents|at the end|of|||
|the reporting
period|||259,434|104.196|
##
##
##
|RECONCILIATION|OF NET IN|COME TO NET CASH FLOW FROM OPERATIN|G ACTIVITIES||
|---|---|---|---|---|
||||2021f|2020|
|Net income for the|reporting|period (as per the Statement ofFinancial|||
|Activities)|||49,475|145,259|
|Adjustments
for:|||||
|Depreciation
charges|||1,268|950|
|Interest received|||(151)|(380)|
|Decrease/(increase)
Increase/(decrease)|in debtors
in creditors||105,195
2,389|(96,994)
~5.911)|
|Net cash provided|by operations||156,176|42.924|
|2.|ANALYSIS OF CHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|
||||At 1/4/20
f|Cash flow
f|At 31/3/21
f|
||Net cash|||||
||Cash at bank||104,196|155,238|259,434|
||||104,196|155,238|259,434|
||Total||104,196|155,238|259,434|
##
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|the lessor, are charged to the Statement
of|the lessor, are charged to the Statement
of|the lessor, are charged to the Statement
of|Financial|Financial|Activit|ies as paid.||||
|---|---|---|---|---|---|---|---|---|---|
|Pension costs and other post-retirement|||benefits|||||||
|The charity operates|a defined|contribution|pension||scheme for employees.||The assets ofthe scheme are held|||
|separately
from those|ofthe charity. Contributions|||payable||for the year are|charged|in the Statement|of Financial|
|Activities.||||||||||
|DONATIONS
AND LEGACIES||||||||||
|||||||||2021f|2020|
|Donations|||||||||125|
|Grants||||||||390,089|341,122|
|||||||||390,089|341,247|
|Grants received,
included
in the||above, are|as follows:|||||||
|||||||||2021|2020|
|||||||||E|f|
|Arts Council ofWales|- core funding|||||||149,590|147,962|
|Colwinston
Charitable|Trust|||||||25,000|115,000|
|Cardiff County Council||||||||20,960|20,960|
|Myristica Trust|||||||||10,000|
|Arts Council ofWales|- Lottery|Grant||||||55,000||
|British Council Wales||||||||2,500|2,500|
|Contemporary
Art Society for Wales|||||||||3,000|
|Gwendoline
8 Margaret
Davies||Charity||||||5,000|5,000|
|Arts Council ofWales|- Resilience Fund|||||||6,658|11,700|
|Arts Council ofWales|- Cultural|Recovery Fund||||||100,000||
|Arts Council ofWales|- Sharing|Together||||||1,800||
|Welsh Government
Major Events
Unit||||||||10,000|25,000|
|Sasakawa
Foundation||||||||4,000||
|Weston Jerwood Creative
Bursary||||||||6,581||
|The Daiwa Anglo-Japanese
Corporation||||||||3,000||
|||||||||390,089|341,122|
|4.|OTHER TRADING|OTHER TRADING|ACTIVITIES|ACTIVITIES||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021
E|2020f|
||Sponsors|hips||||||6417||
|5.|INVESTMENT INCOME|||||||||
|||||||||2021|2020|
|||||||||F|F|
||Deposit account interest|||||||151|380|
|6.|INCOME|FROM CHARITABLE ACTIVITIES||||||||
|||||||||2021|2020|
|||||||||F|E|
||Sundry income and||shared costs|||||6,833|863|
||Bath Spa|University||||||350||
|||||||||7,183|863|
||The only|charitable|activity is promoting||contemporary|visual art.||||
|7.|RAISING|FUNDS||||||||
||Raising donations||and|legacies||||||
|||||||||2021|2020|
||Staff costs|||||||41,665|41,156|
|8.|CHARITABLE ACTIVITIES COSTS|||||||||
||||||||Direct|Support||
||||||||Costs (see|costs (see||
||||||||note 9)|note 10)
f|Totals|
||Promoting|contemporary||visual art|||273,259|39,441|312,700|
|9.|DIRECT|COSTS OF CHARITABLE ACTIVITIES||||||||
|||||||||2021f|2020
F|
||Staff costs|||||||135,463|84,719|
||Exhibition|costs||||||83,157|12,039|
||Education|and Outreach||||||17,578|59|
||Marketing|||||||22,740|22,753|
||Publication
costs|||||||14,321||
|||||||||273,259|119,57O|
##
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##
|STAFF CO|S|TS||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||F|F|
|Wages and|salaries|||||169,834|108,372|
|Social security costs||||||11,657|7,390|
|Employers|pension||contributions|||4,891|2,940|
|||||||186,382|118,702|
|The average||monthly|number ofemployees||during the year was as follows:|||
|||||||2021|2020|
|Curatorial||||||2|2|
|Fundraising||||||1|1|
|Management,||Marketing||8 Administration||2|1|
|Learning
and||Community||Engagement||1|0|
|||||||6|4|
##
##
|14.|COMPARATIVES|FOR|THE STATEMENT OF FINANCIAL ACTIVITIES|THE STATEMENT OF FINANCIAL ACTIVITIES|THE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||fund|funds|fundsf|
||INCOME AND ENDOWMENTS|||FROM||||
||Donations
and legacies||||304,547|36,700|341,247|
||Charitable
activities|||||||
||Promoting
contemporary||visual|art|863||863|
||Investment
income||||380||380|
||Total||||305,790|36,700|342,490|
||EXPENDITURE ON|||||||
||Raising funds||||41,156||41,156|
||Charitable
activities|||||||
||Promoting
contemporary||visual|art|119,375|36,700|156,075|
||Total||||160,531|36,700|197,231|
||NET INCOME||||145,259||145,259|
||RECONCILIATION|OF|FUNDS|||||
||Total funds brought forward||||88,780||88,780|
||TOTAL FUNDS CARRIED FORWARD||||234,039||234,039|
|15.|TANGIBLE FIXED|ASSETS||||||
||||||||Fixtures|
||||||||and|
||||||||fittings
f|
||COST|||||||
||At 1 April 2020||||||10,285|
||Additions||||||3,089|
||At 31 March 2021||||||13,374|
||DEPRECIATION|||||||
||At 1 April 2020||||||8,079|
||Charge for year||||||1,268|
||At 31 March 2021||||||9,347|
||NET BOOK VALUE|||||||
||At 31 March 2021||||||4,027|
||At 31 March 2020||||||2,206|
##
##
##
|DEBTORS:A|MOUNT|S
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|
|||||2021|2020|
||||||F|
|Trade debtors||||31,380||
|Prepayments|and accrued||income|16,269|152,844|
|||||47,649|152.644|
|CREDITORS:|AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
|||||2021|2020|
|||||F||
|Trade creditors||||2,873|6,787|
|Social security|and other taxes|||4,508|3,842|
|VAT||||648|105|
|Other creditors||||1,864|1,873|
|Accruals and deferred||income||17,703|12,600|
|||||27,596|25,207|
##
##
##
|MOVEMENT
IN F|UNDS|||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/4/20
f|in funds
F|funds|31/3/21
F|
|Unrestricted
funds||||||||
|General
fund||||234,039|4,639|(21,796)|216,882|
|Restricted funds||||||||
|Welsh Government|Major Events||Unit||(24,014)|24,014||
|Arts Council ofWales - Resilience|||Fund||2,218|(2,218)||
|Arts Council ofWales - Sharing Together|||||1,800||1,800|
|Weston Jerwood Creative Bursary|||||1,799||1,799|
|Public Programme|(Learning|and||||||
|Outreach)
Japanese
Artists'|Fund||||62,812
221|61
~61)|62,873
160|
||||||44,836|21,796|66,632|
|TOTAL FUNDS||||234,039|49,475||283,514|
##
|Net movement
in|fu|nds,
In|clu|ded|in th|e above|are as follows:|||
|---|---|---|---|---|---|---|---|---|---|
||||||||Incoming|Resources|Movement|
||||||||resources|expended
f|in funds
f|
|Unrestricted
funds||||||||||
|General
fund|||||||291,801|(287,162)|4,639|
|Restricted funds||||||||||
|Welsh Government||Major|Events||Unit||10,000|(34,014)|(24,014)|
|Arts Council ofWales - Resilience|||||Fund||6,658|(4,440)|2,218|
|Arts Council ofWales - Sharing Together|||||||1,800||1,800|
|Weston Jerwood Creative|||Bursary||||6,581|(4,782)|1,799|
|Public Programme||(Learning||and||||||
|Outreach)
Japanese
Artists'|Fund||||||80,000
7,000|(17,188)
~6.779)|62,812
221|
||||||||112,039|~67.203)|44,836|
|TOTAL FUNDS|||||||403,840|)354.365)|49,475|
|Comparatives
for||movement||in|funds|||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1/4/19
f|in funds
f|31/3/20
f|
|Unrestricted
funds||||||||||
|General
fund|||||||88,780|145,259|234,039|
|TOTAL FUNDS|||||||88,780|145,259|234,039|
|Comparative
net movement|||in funds,|||included|in the above are as follows:|||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
|Unrestricted
funds||||||||||
|General
fund|||||||305,790|(160,531)|145,259|
|Restricted funds||||||||||
|Welsh Government||Major|Events||Unit||25,000|(25,000)||
|Arts Council ofWales - Resilience|||||Fund||11,700|~11,700)||
||||||||36,700|~36,700)||
|TOTAL FUNDS|||||||342,490|~197,231)|145259|
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