2021-03-31-accounts - Arts & Business Cymru

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			Unrestricted	Restricted	Total	Unrestricted
			funds	funds		funds
			2021	2021	2021	2020
		Notes			5
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Donations and legacies		3	351,243		351,243	429,461
Charitable activities		4	41,431	6,752	48,183	37,802
Investments		5	1,505		1,505	625
Total income			394,179	6,752	400,931	467,888
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Charitable activities		6	385,600	6,752	392,352	439,095
Net income for	the yearl
Net movement	in funds		8,579		8,579	28,793
Fund balances at 1 April 2020			190,314		190,314	161,521
Fund balances	at 31 March 2021		198,893		198,893	190,314

											2021	2021						2020
					Notes													6
Fixed assets
Tangible assets					11									2,510						3,347
Investments					12									1							1
														2,511						3,348
Current assets
Debtors					13					69,119						88,658
Cash at bank and	in	hand							444,149							328,277
									513,268							416,935
Creditors: amounts		falling	due within
one year									(316,886)							(229,969)
Net current assets														196,382					186,966
Total assets less	current liabilities													198,893					190,314
Income funds ~uitdf d
Designated funds					17				142,811							142,811
General unrestricted		funds							56,082							47,503
														198,893					190,314
														198,893					190,314
The company is entitled to the exemption					from the		audit		requirement			contained in			section 477ofthe Companies
Act 2006, for the year ended 31 March 2021.
The trustees acknowledge			their responsibilities			for ensuring				that	the charity keeps accounting							records		which
comply with section		386 of	the Act and for preparing					financial statements						which give a true			and fair view			of	the
state ofaffairs ofthe		company as atthe end ofthe					financial year and					of its		incoming	resources and application						of
resources, including		its income and expenditure,					for the financial				year		in	accordance		with	the	requirements			of
sections 394 and	395 and which otherwise				comply			with the		requirements				ofthe Companies			Act	2006	relating		to
financial statements,		so far	as applicable	to the company.

					2021	2020
					6
	Staff costs				238,785	238,601
	Sundry expenditure				1,247	786
	Other direct	costs			3,650	3,896
	Premises				13,703	16,442
					257,385	259,725
	Grant funding	ofactivities (see note 7)			133,067	177,470
	Share ofgovernance		costs (see note 8)		1,900	1,900
					392,352	439,095
	Analysis by	fund
	Unrestricted	funds			385,600	439,095
	Restricted funds				6,752
					392,352	439,095
	For the year	ended	31 March 2020
	Unrestricted	funds			439,095
7	Grants payable
					2021	2020
					6	6
	Grants to institutions:
	Grants and services		to the arts, advocacy, research	&events	133,067	177,470

The average monthly number of employees during	the year was:
	2021	2020
	Number	Number
Permanent staif
Employment costs	2021f	2020 8
Wages and salaries	210,421	213,787
Social security costs	16,152	15,928
Other pension costs	12,212	8,886
	238,785	238,601

Fixed asset invest	ments
				Other
				investments
Cost or valuation
At 1 Apdil 2020 8 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020
Other investments	comprise:	Notes	2021 5	2020f
Investments in subsidiaries		19

13	Debtors
								2021	2020
	Amounts	falling	due within			one year:		6	6
	Trade debtors							10,930	5,821
	Amounts	owed by		subsidiary		undertakings		58,181	82,829
	Prepayments and			accrued income				8	8
								69,119	88,658
14	Creditors: amounts				falling	due within one year
								2021	2020
							Notes
	Other taxation and social security							6,510	7,160
	Deferred	income					15	100,500	33,000
	Trade creditors							3,999	3,718
	Accruals							205,877	186,091
								316,886	229,969
15	Deferred	income
								2021	2020
								6	8
	Arising from Deferred income							100,500	33,000
								2021	2020
	Brought	Forward						33,000	13,500
	Income received		in the year					82,500	44,000
	Released	to income						(15,000)	(13,500)
	Balance	carried forward						100,500	33,000

Name	ofundertaking	Registered	Registered	Nature	ofbusiness	Class of	% Held
		office				shares held	Direct Indirect
Arts &	Business Cymru	England	and	Trading	arm of charity	Ordinary	100.00
Trading	Limited	Wales

under non-cancellable operating leases, which fall due a	s follows:
	2021f	2020 8
Within one year	11,147	11,147
Between two and five years	7,220	29,514
	18,367	40,661