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2023-03-31-accounts

OBJECTIVES AND ACTIVITIES
In school holidays
and
inset days,
we also provide
creative
activities		 for older children
during
these		 Friday
sessions. During
the summer
holidays
we secured
additional
funding		 from
No Fit State Circus'
'Square		 Mile'
project. Funds were
held
by the Aurora
Trinity
Collective.
This part-funded
seven weeks of activities
for		 older
children
which we ran
in collaboration
for the third year
in a row with Welsh Refugee
Council's
Playgroup.		 The
programme culminated
in the
collective
and
their
children
taking
part
in the
Clifton
Street
Parade		 on
2
September.
The development
of the group's
collaborative
artworks
has progressed,		 and these
will be exhibited
at the		 Glynn
Vivian
Art		 Gallery
alongside
AM10 presentations
from October 2023.		 Led by Ogechi
Dimeke,
the group		 have
created a 50-metre-long
dyed textile work, along with around 20 smaller		 2x1 metre dyed textile works that can be
worn
by
the
group.
This
has
now
been
photographed
on
Penarth		 Beach
by
Amak
Mahmoodian,		 with
choreography
supported
by June Campbell-Davies,
and an accompanying
audio work.
In this, members		 of the
group
discuss
their
relationship
to textiles
and
their
experiences
of		 being
part
of the
group
in
their		 own
languages, including
Urdu, Farsi, Bengali, Arabic, English and Tigrinya.
The group also performed
in a 'march
for friendship'
and exhibited
their		 banner
work at g39 in August 2023 as
part ofthe 'Made
in Roath Open Exhibition'.
The collective have continued
work on several mini-projects
which include:
a) A short bookwork
on the group's purpose
and history
b) Additional
sewing
lessons,
led by Marianne
Barwise. This has now been completed
and the group
independently
looking for funding
to continue
this strand of provision.
c) We continue
to support
ATC organisational
development		 (creating
clarity
around
how decisions
made,
getting
ATC membership
agreements
signed
and		 beginning
to articulate
a structure		 to
steering group).
Creating
new networks
across South Wales.
a) The group continues
to collaborate
with Welsh Refugee Council (as detailed above) but in addition,
continue
to develop
new relationships
with Glynn Vivian's Threads
group. They will also be
consulting
with Oriel Davies on the development
oftheir new		 programme
where they hope to work
with newly
arrived
families
in Newtown.
Additionally,
we		 have help set up the ATC group now being regularly
attended		 by a Community
Employment
Mentor from
Cardiff
Council		 who
runs
one-on-one
employment
surgeries
regularly
(around
2 per month)
alongside
our		 Friday
provision.

2023 2022
Unrestricted Restricted Total Total
Notes fund
F		 funds funds
f		 fundsf
INCOME AND ENDOWMENTS FROM
Donations and legacies 262,776 144,930 407,706 411,297
Charitable activities
Promoting contemporary visual art 806 17,567 18,373 5,850
Investment income 459 459 25
Total 264,041 162,497 426,538 417,172
EXPENDITURE ON
Raising funds 44,318 44,318 43,792
Charitable activities
Promoting contemporary visual art 216,126 140,084 356,210 407,529
Total 260,444 140,084 400,528 451,321
NET INCOME/(EXPENDITURE) 3,597 22,413 26,010 (34,149)
RECONCILIATION
OF		 FUNDS
Total funds brought
forward		 182,525 66,840 249,365 283,514
TOTAL FUNDS CARRIED FORWARD 186,122 89,253 275,375 249,365

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes F F
FIXEDASSETS
Tangible assets 14 3,017 3,017 4,805
CURRENT ASSETS
Debtors 15 3,513 25,830 29,343 34,287
Cash at bank 202 035 76,805 278 840 232 24?
205,548 102,635 308,183 266,534
CREDITORS
Amounts
falling due within one year		 16 (22,443) (13,382) (35,825) (21,974)
NET CURRENT ASSETS 183,105 89,253 272,358 244,560
TOTAL ASSETS LESSCURRENT LIABIUTIES 186,122 89,253 275,375 249,365
NET ASSETS 186,122 89,253 275,375 249,365
FUNDS 17
Unrestricted
funds		 186,122 182,525
Restricted funds 89253 66840
TOTAL FUNDS 275,375 249 365

2023 2022
Notes
Cash flows from operating activities
Cash generated
from operations		 1 46,134 ~24,365)
Net cash provided
by/(used		 in) operating activities 46,134 ~24,365)
Cash flows from investing activities
Purchase oftangible
fixed assets		 (2,847)
Interest received 459 25
Net cash provided
by/(used		 in) investing activities 459 ~2622)
Change
in cash and cash		 equivalents in
the reporting
period		 46,593 (27,187)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 232,247 259,434
Cash and cash equivalents at the end of
the reporting
period		 278,840 232,247
RECONCILIATION OF NET OF NET INCOME/(EXPENDITURE) INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023 2022
F
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 26,010 (34,149)
Adjustments
for:
Depreciation
charges		 1,788 2,069
Interest received (459) (25)
Decrease
in debtors		 4,944 13,362
Increase/(decrease) in creditors 13,851 ~5,622)
Net cash provided by/(used in) operations 46,134 L24,336655)

At 1/4/22 Cash flow At 31/3/23
F F
Net cash
Cash at bank 232,247 46,593 278,840
232,247 46,593 278,840
Total 232,247 46,563 278,840

DONATIONS
AND L		 EGACIES
2023
f		 2022f
Donations 3,275 12
Grants 404,431 411,285
407,706 411,297
Grants received,
included
in the above, are as follows:
2023
f		 2022
Arts Council ofWales - core funding 151,834 149,590
Colwinston
Charitable		 Trust 50,000
Cardiff County Council 20,960 20,960
British Council 10,000 1,000
Arts Council ofWales - Cultural
Recovery Fund		 90,000
Arts Council ofWales - Sharing Together 200
Welsh Government
Major Events		 Unit 15,000
Weston Jerwood Creative
Bursary		 8,044
Arts Council ofWales - Connect 8 Flourish 95,991
Bagri Foundation 25,000 30,000
Battersea Arts Centre 500
Arts Council ofWales - AM10 Create Public Programme 46,930
Arts Council ofWales - Perspectives 30,000
Arts Council ofWales - AM Cymru Fenis 10Partnership 65,000
Arts Council ofWales - Cost of Living Award 2022-23 4,707
404,431 411,265

2023
f		 2022f
Deposit account interest 459 25
5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
f f
Provision ofservices 17,567
Sundry income and shared costs 781 3,988
Catalogue sales 25 1,862
18,373 7,183
The only charitable activity is promoting contemporary visual art.
6. RAISING FUNDS
Raising donations and legacies
2023 2022
Staff costs 44,318 43,466
Staff expenses 326
44,318 43,792
7. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8)
f		 note 9) Totals
Promoting contemporary visual art 307,906 46,304 356,210
. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
f
Staff costs 155,120 153,431
Exhibition costs 74,781 96,301
Education and Outreach 63,622 74,161
Marketing 14,383 18,144
Publication costs 370
307,906 342,407

SUPPORT COSTS
Staff Governance
costs
f		 Finance
F		 Other
f		 costs Totals
Promoting contemporary
visual art 16,727 511 27,043 4,023 48,304

There was no trustees'
r
Trustees' expenses		 There was no trustees'
r
Trustees' expenses		 emuneration
or		 emuneration
or		 othe r benefits r benefits paid for the year ended paid for the year ended paid for the year ended 31 March 2023 (20 22: Fnil). 22: Fnil).
There were no expenses paid to trustees in the year (2022: FNil). All trustees are entitled to claim reimbursement
of the cost of attending meetings, but some waive that right. The expenses waived are immaterial to these
financial statements.
STAFF COSTS
2023
f		 2022
f
Wages and salaries 195,879 189,405
Social security costs 13,619 13,313
Employers
pension		 contributions 5,644 4,730
215,142 207,448
The average
monthly		 number ofemployees during the year was as follows:
2023 2022
Curatorial 3 3
Fundraising 1 1
Management,
Marketing		 & Administration 2 1
Learning
and Community		 Engagement 2 2
8 7

Unrestricted Restricted Total
fund funds funds
F
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 292,062 119,235 411,297
Charitable
activities
Promoting
contemporary		 visual art 5,850 5,850
Investment
income		 25 25
Total 297,937 119,235 417,172
EXPENDITURE ON
Raising funds 43,792 43,792
Charitable
activities
Promoting
contemporary		 visual art 280,064 127,465 407,529
Total 323,856 127,465 451,321
NET INCOME/(EXPENDITURE)
Transfers
between
funds		 (25,919)
~8,438)		 (8,230)
8,438		 (34,149)
Net movement
in funds		 (34,357) 208 (34,149)
RECONCILIATION OF FUNDS
Total funds brought forward 216,882 66,632 283,514
TOTAL FUNDS CARRIED FORWARD 182,525 66,840 248,365
14. TANGIBLE FIXEDASSETS
Fixtures
and
fittings
F
COST
At 1 April 2022 and 31 March 2023 16,221
DEPRECIATION
At 1 April 2022 11,416
Charge for year 1,788
At 31 March 2023 13,204
NET BOOK VALUE
At 31 March 2023 3,017
At 31 March 2022 4,805

DEBTORS: A MOUNTS
F		 ALLI NG DUE WITHIN ONE YEAR
2023 2022
F
Trade debtors 2,955 26,060
Prepayments and accrued income 26,388 8,227
29,343 34,287
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
F E
Trade creditors 12,228 1,061
Social security and other taxes 4,134 4,553
VAT 114
Other creditors 5,061 2,339
Accruals and deferred income 14,402 13,907
35,825 21,974
MOVEMENT IN FUNDS
Net
movement At
At 1/4/22 in funds 31/3/23
F F
Unrestricted funds
General
fund		 182,525 3,597 186,122
Restricted funds
Arts Council ofWales - Connect & Flourish 66,840 (66,180) 660
Arts Council ofWales - Perspectives 30,000 30,000
AM10 Create Public Programme 45,422 45,422
Wales Venice 10 13,171 13,171
66840 22,413 89,253
TOTAL FUNDS 249,365 26,010 275375
Net movement in funds, included in the above are as follows:
incoming Resources Movement
resources
E		 expended
F		 in funds
f
Unrestricted funds
General
fund		 264,041 (260,444) 3,597
Restricted funds
Arts Council of Wales - Connect 8 Flourish (66,180) (66,180)
Arts Council of Wales - Perspectives 30,000 30,000
AM10 Create Public Programme 46,930 (1,508) 45,422
Wales Venice 10 85,567 ~72,396) 13,171
162,497 )140.084) 22,413
TOTAL FUNDS 426,538 )400,528) 26,010

MOVEMENT
IN F		 MOVEMENT
IN F		 UNDS - co UNDS - co UNDS - co ntinu ed ed
Comparatives
for		 movement in funds
Net Transfers
movement between At
At 1/4/21 in funds funds 31/3/22
F f f F
Unrestricted
funds
General
fund		 216,882 (25,919) (8,438) 182,525
Restricted funds
Welsh Government Major Events Unit (8,393) 8,393
Arts Council ofWales - Sharing Together 1,800 (1,845) 45
Weston Jerwood Creative Bursary 1,799 (1,799)
Public Programme (Learning and
Outreach) 62,873 (62,873)
Japanese Artists' Fund 160 (160)
Arts Council ofWales - Connect 8 Flourish 66,840 66,840
66,632 ~8,230) 8,438 66,840
TOTAL FUNDS 283,514 J34.149) 249,365
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
F F
Unrestricted
funds
General
fund		 297,937 (323,856) (25,919)
Restricted funds
Welsh Government Major Events Unit 15,000 (23,393) (8,393)
Arts Council ofWales - Sharing Together 200 (2,045) (1,845)
Weston Jerwood Creative Bursary 8,044 (9,843) (1,799)
Public Programme (Learning and
Outreach) (62,873) (62,873)
Japanese
Artists'		 Fund (160) (160)
Arts Council ofWales - Connect & Flourish 95,991 ~29,151) 66,840
119,235 ~127,485) ~8230)
TOTAL FUNDS 417,172 )451,321) J34,149)