## ## ## ## ## ## ## ## ## ## ## ## ## |REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|ADMINISTRATIVE|ADMINISTRATIVE|DETAILS|||| |---|---|---|---|---|---|---|---|---| |Registered|Company||number|||||| |07698413(England||and Wales)||||||| |Registered|Charity|number||||||| |1143409||||||||| |Registered|office|||||||| |JR House D6||||||||| |Main Avenue||||||||| |Treforest
Industrial||Estate||||||| |PONTYPRIDD||||||||| |CF375UR||||||||| |Trustees||||||||| |KWalters|||||Chair (until|8 April 2021)||| |S Humphreys|||||Chair (from 8 April 2021)||Appointed|9June 2020| |N J Evans|||||Vice Chair||Appointed|28 April 2020| |JBrencher||||||||| |S L Erickson|||||||Resigned|15December 2020| |DJ Hughes|||||||Resigned|8July 2020| |PW Hughes|||||||Appointed|28 April 2020| |Senior management||||||||| |JAngharad|||||Project Leader|||| |H Hitchins|||||Company|Manager||| |SJones|||||Executive|Assistant||| |Auditors||||||||| |Watts Gregory LLP||||||||| |Chartered
Accountants|||8 Statutory|Auditors||||| |Elfed House||||||||| |Oak Tree Court||||||||| |Cardiff Gate|Business||Park|||||| |CARDIFF||||||||| |County ofCardiff||||||||| |CF238RS||||||||| |Bankers||||||||| |Unity Trust Bank Pic||||||||| |Nine Brindley Place||||||||| |Birmingham||||||||| |B12HB||||||||| ## ## ## ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|funds|funds|funds| |||Notes|f||E|| |INCOME AND ENDOWMENTS|FROM|||||| |Donations
and legacies||||2,008,120|2,008,120|448,361| |EXPENDITURE ON||||||| |Raising funds||||1,200|1,200|| |Charitable
activities||||||| |Charitable
activities|||13,472|41,598|55,070|64,189| |Exceptional cost: Loss on disposal offreehold||10||||532,800| |property||||||| |Total|||13,472|42,798|56,270|596,989| |NET INCOME/(EXPENDITURE)|||(13,472)|1,965,322|1,951,850|(148,628)| |RECONCILIATION
OF FUNDS||||||| |Total funds brought forward|||28,487|1,424,412|1,452,899|1,601,527| |TOTAL FUNDS CARRIED FORWARD|||15,015|3,389,734|3,404,749|1,452,899| ## ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|funds|funds|funds| ||Notes|F|F|f|E| |FIXEDASSETS|||||| |Tangible assets|12||3,020,551|3,020,551|1,314,930| |CURRENT ASSETS|||||| |Debtors|13|72,868|99,752|172,620|365,825| |Cash at bank and in hand||(54,119)|467,714|413,595|21,479| |||18,749|567,466|586,215|387.304| |CREDITORS|||||| |Amounts
falling due within one year|14|(3,734)|(198,283)|(202,017)|(249,335)| |NET CURRENT ASSETS||15,015|369,183|384,198|137,969| |TOTAL ASSETSLESSCURRENT LIABILITIES||15,015|3,389,734|3,404,749|1,452,899| |NET ASSETS||15,015|3,389,734|3,404,749|1,452,899| |FUNDS|15||||| |Unrestricted
funds||||15,015|28,487| |Restricted
funds||||3,389,734|1,424,412| |TOTAL FUNDS||||3,404,749|1,452,899| ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |||||Notes||| |Cash flows from operating||activities||||| |Cash generated
from operations
Interest paid|||||2,097,927
~190|1,227,167
~126| |Net cash provided
by operating
activities|||||2,097,737|1,227,041| |Cash flows from investing||activities||||| |Purchase oftangible
fixed assets|||||1,705,621|1,314,930| |Net cash used in investing|activities||||~1,705,621)|~1,314,930)| |Change
in cash and cash||equivalents|in|||| |the reporting
period|||||392,116|(87,889)| |Cash and cash equivalents||at the||||| |beginning
ofthe reporting||period|||21,479|109,368| |Cash and cash equivalents||at the end|of|||| |the reporting
period|||||413,595|21,479| ## ||RECONCILIATION|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|TO NET|CASH FLOW|FROM OPERATING|FROM OPERATING| |---|---|---|---|---|---|---|---|---| ||ACTIVITIES|||||||| ||||||||2021|2020| ||||||||f|F| ||Net income/(expenditure)||for the reporting|period (as|per the|||| ||Statement ofFinancial Activities)||||||1,951,850|(148,628)| ||Adjustments
for:|||||||| ||Depreciation
charges|||||||9,594| ||Loss on disposal of|fixed assets||||||493,670| ||Interest paid||||||190|126| ||Decrease
in debtors
(Decrease)/increase|in creditors|||||193,205
~47,318|645,176
227,229| ||Net cash provided|by operations|||||2,097,927|1,227,167| |2.|ANALYSIS OF CHANGES||IN NET FUNDS|||||| |||||||At 1/4/20|Cash flow|At 31/3/21| |||||||F||f| ||Net cash|||||||| ||Cash at bank and in|hand||||21,479|392,116|413,595| |||||||21,479|392,116|413,595| ||Total|||||21 478|392,116|413,595| ## ## ## ## ## ## ## ## ## ## ## ## |3.|DONATIO||NS
AND|LEG|ACIES|||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||P|F| ||Donations|||||||50| ||Grants||||||2,008,120|448,311| ||||||||2,D08,120|448,361| ||Grants received, included||||in the above, are as follows:|||| ||||||||2021|2020f| ||Children|in Need|||||45,031|45,031| ||Arts Council Wales||||||1,060,114|94,283| ||Rhondda|Cynon Taf County Borough Council|||||897,000|308,997| ||The Cadenza
Partnership||||||5,975|| ||||||||2,008,120|448,311| |4.|RAISING|FUNDS||||||| ||Raising donations|||and|legacies|||| ||||||||2021|2020| ||||||||F|F| ||Fundraising||support||||1,200|| |5.|CHARITABLE ACTIVITIES COSTS|||||||| ||||||||Support|| |||||||Direct|costs (see|| |||||||Costs
F|note 6)|Totals
f| ||Charitable||activities|||51,670|3,400|55,070| |6.|SUPPORT||COSTS|||||| ||||||||Governance|| |||||||Other|costs|Totals| ||Charitable||activities|||450|2,950|3,400| ## ## |Net income/(e|xpenditure)
is stated after charging/(crediting):||| |---|---|---|---| |||2021|2020| |Auditors'
remuneration||2,950|| |Depreciation|- owned assets||9,594| |Independent|examiner's
fee||1,190| |Independent|examiner - other services||1,300| ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||2021|2020| |Wages and salaries|||30,179|32,449| |Social security costs|||656|| |Other pension costs|||753|745| ||||31,588|33,194| |The average
monthly|number ofemployees|during the year was as follows:||| ||||2021|2020| |Average no ofemployees|||3|4| ## |||||||| |---|---|---|---|---|---|---| |11.|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES —YEAR||||ENDED 31 MARCH 2020|| |||||Unrestricted|Restricted|Total| |||||fund|funds|fundsf| ||INCOME AND ENDOWMENTS||FROM|||| ||Donations
and legacies|||50|448,311|448,361| ||EXPENDITURE ON|||||| ||Charitable
activities|||||| ||Charitable
activities|||24,993|39,196|64,189| ||Other|||532,800||532,800| ||Total|||557,793|39,196|596,989| ||NET INCOME/(EXPENDITURE)|||(557,743)|409,115|(148,628)| ||Transfers
between|funds||1,348|1 348|| ||Net movement
in funds|||(556,395)|407,767|(148,628)| ||RECONCILIATION|OF FUNDS||||| ||Total funds brought forward|||584,882|1,016,645|1,601,527| ||TOTAL FUNDS CARRIED FORWARD|||28,487|1,424,412|1,482,888| |12.|TANGIBLE FIXEDASSETS|||||| |||||||Long| |||||||leasehold| |||||||property| |||||||improvements
f| ||COST|||||| ||At 1 April 2020|||||1,314,930| ||Additions|||||1,705,621| ||At 31 March 2021|||||3,020,551| ||NET BOOK VALUE|||||| ||At 31 March 2021|||||3,020,551| ||At 31 March 2020|||||1,314,930| |13.|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|FALLING|DUE WITHIN ONE YEAR|||| |---|---|---|---|---|---|---|---| |||||||2021
f|2020
f| ||VAT|||||68,036|50,140| ||Other debtors|||||102|102| ||Prepayments|and accrued income||||104,482|315,583| |||||||172,620|365,825| |14.|CREDITORS:|AMOUNTS
FALLING DUE WITHIN ONE YEAR|||||| |||||||2021|2020
f| ||Trade creditors|||||1,440|223,927| ||Social security and other
Other creditors||taxes|||157|157
116| ||Accruals|||||200,420|25,135| |||||||202,017|249,335| |15.|NIOVEMENT|IN FUNDS|||||| |||||||Net|| |||||||movement|At| ||||||At 1/4/20|in funds
f|31/3/21| ||Unrestricted|funds|||||| ||General fund||||28,487|(13,472)|15,015| ||Restricted funds||||||| ||Building Redevelopment||||1,410,134|1,950,514|3,360,648| ||Our Place Project||||11,349|12,102|23,451| ||BBCComic Relief —Arts||and Dance Classes||929||929| ||Business plan||||2,000||2,000| ||BeCollective|Project||||2,706|2,706| ||||||1,424,412|1,965,322|3,389,734| ||TOTAL FUNDS||||1,452,899|1,951,850|3,404,749| ||Net movement|in funds,|induded|in the above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||resources
f|expended|in funds
f| ||Unrestricted|funds|||||| ||General fund|||||(13,472)|(13,472)| ||Restricted funds||||||| ||Building Redevelopment||||1,957,114|(6,600)|1,950,514| ||Our Place Project
BeCollective Project||||45,031
5,975|(32,929)
~3,269)|12,102
2,706| ||||||2,008,120|42,798|1,965,322| ||TOTAL FUNDS||||2.006,120|~56,270)|1,951,850| ## ## ## ## ## ## ## ## ## ## ## ## |2021|2020| |---|---| |1,621,321|3,204,026| ## ##