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2023-03-31-accounts

Page
Chairman's
statement
Trustees'
report		 2-14
Independent
examiner's		 report 16
Statement
offinancial activities		 16
Balance sheet 19
Notes to the financial statements 20-30

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes 6 6 6
hggm~fm;
Charitable
activities		 3 64,395 84,718 149,113 23,038 79,272 102,310
Other trading
activities 69,843 69,843 66,819 86,819
Investments 78 78
Total income 134,316 84,718 219,034 89,857 79,272 169,129
Exttggttl~n:
Charitable
activities		 6 108,761 75,593 182,354 62,427 77,514 139,941
Net income for the yeari
Net movement in funds 27,555 9,125 36,680 27,430 1,758 29,188
Fund balances at 1 April
2022 83,208 4,756 87,964 55,778 2,998 58,776
Fund balances at 31
March 2023 110,763 13,881 124,644 83,208 4,756 87,964

2023 2022
Notes 5 5
Fixed assets
Tangible assets 328 575
Current assets
Debtors 12 54,802 60,691
Cash at bank and in hand 162,323 148,236
217,125 208,927
Creditors: amounts falling due within
one year 13 (92,809) (121,538)
Net current assets 124,316 87,389
Total assets less current liabilities 124,644 87,964
Income funds
Restricted funds 14 13,881 4,756
(Jgtaatfjgtat((uttda
Designated
funds		 15 100,387 54,914
General unrestricted funds 10,376 28,294
110,763 83,208
124,644 87,964

2023 2022
Performance related grants 124,746 88,410
Contributions and reimbursements 24,367 13,900
149,113 102,310
Analysis
by fund
Unrestricted funds 64,395 23,038
Restricted funds 84,718 79,272
149,113 102,310
Forthe year ended 31 March 2022
Unrestricted funds 23,038
Restricted funds 79,272
102,310
Performance related grants
Arts Council Wales - Hynt 44,743 12,370
Arts Council Wales - Cultural Recovery Fund 11,500
Arts Council Wales - Extending Reach 8,940
Arts Council Wales - Stabilisation Award 55,330
Arts Council Wales - Director Post 4,483
Arts Council Wales - Sharing together 2,000
Foyle Foundation 10,000
Moondance 8,750
WCVA 1,250
Arts Council Wales - Resilience Funding 53,790
124,746 88,410
4 Other trading
activities
Unrestricted Unrestricted
funds funds
2023 2022
Membership Fees 69,843 66,819

5 Investments
Unrestricted Total
funds
2023 2022
6 6
Interest receivable 78
6 Charitable
activities
2023 2022
6 6
Staff costs 102,333 91,056
Freelance arts professionals 5,337 11,624
Go &Seeexpenses 804
Marketing
and advertising		 655 3,617
Training CPD 10,452 6,083
Travel and vehicle expenses 3,122 1,021
Project costs 21,201 9,812
Access 585 617
Professional
fees		 14,250 3,350
Conference costs 3,534
Meeting costs 495 600
Criteria &Arbitration 5,518
167,482 128,584
Share ofsupport costs (see note 7) 9,257 8,329
Share ofgovernance costs (see note 7) 5,615 5,028
182,354 139,941
Analysis
by fund
Unrestricted
funds		 108,761 82,427
Restricted funds 75,593 77,514
182,354 139,941
Forthe year ended 31 March 2022
Unrestricted
funds		 62,427
Restricted funds 77,514
139,941

Support Governance 2023 Support Governance 2022
costs costs costs costs
E E E E E E.
Office expenses 7,048 7,048 4,390 4,390
ITand website 2,209 2,209 1,939 1,939
Governance costs 5,615 5,615 5,028 5,028
9,257 5,615 14,872 6,329 5,028 11,357
Analysed between
Charitable activities 9,257 5,615 14,872 6,329 5,028 11,357

The average
monthly
number ofemployees
during th		 e year was:
2023 2022
Number Number
Employment
costs		 2023 2022
E E
Wages and salaries 89,058 83,909
Social security costs 9,554 3,896
Other pension costs 3,721 3,251
102,333 91,056

11 Tangible fixed assets
Office Computer Totel
Equipment Equipment
E
Cost
At 1 April 2022 1,154 2,277 3,431
At 31 March 2023 1,154 2,277 3,431
Depreciation
and impairment
At 1 April 2022 1,154 1,702 2,856
Depreciation
charged		 in the year 247 247
At 31 March 2023 1,154 1,949 3,103
Carrying
amount
At 31 March 2023 328 328
At 31 March 2022 575 575
12 Debtors
2023 2022
Amounts
falling due		 within one year: 6
Trade debtors 54,667 60,691
Prepayments 135
54,802 60,691
13 Creditors: amounts falling due within one year
2023 2022
6 E
Other taxation and social security 11,882 3,721
Trade creditors 7,453 338
Other creditors 592 407
Accruals and deferred income 72,882 117,072
92,809 121,538

Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2021 resources expended 1 April 2022 resources expended 31 alarch 2023
K K K K 8
Arts Council
Wales - CPD 2,798 (25) (80) 2,693 2,693
Dance Across
Wales 200 200 200
Arts Council
Wales - New
Director
Funding 4,483 (4,483)
Arts Council
Wales-
Cultural
Recovery
Fund 11,500 (11,500)
Arts Council
Wales-
Stabilisation
Award 55,647 (55,647) 55,330 (55,330)
Moondance 8,750 (8,750)
Foyle
Foundation 14,715 (8,470) 6,245
Shading
Together 3,400 (1,537) 1,863 1,863
WCVA 1,250 (1,250)
Arts Council
Wales-
Extending
Reach 8,940 (6,060) 2,880
2,998 79,272 (77,514) 4,756 84,718 (75,593) 13,881

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