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2021-03-31-accounts

Page
Report ofthe Trustees 1 to 9
Report ofthe Independent
Auditors		 10 to 12
Statement ofFinancial Activities 13
Statement ofFinancial Position 14
Statement ofCash Fiows
Notes tothe Statement ofCash Flows
Notes tothe Financial Statements 17 to 28
Detailed Statement of Financial Activities 29 to 30

2021 2020
Unrestricted Restricted Total Total
Notes fund
6		 funds
6		 funds
5		 fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2 297,406 30,831 328,237 224,147
Charitable
activities
Income from theatre and centre 14,154 14,154 278,570
Operation ofbar &cafe 68,215
Other income 7,680
Investment
income		 3 20,563
Other income 17,101 17,101
Total 328,661 30,831 359,492 599,175
EXPENDITURE ON
Charitable
activities
Income from theatre and centre 293,997 61,652 355,649 564,505
Operation
ofbar &cafe		 907 907 50,417
Other 7,550 7,550 6,300
Total 302,454 61,652 364,106 621,222
NET INCOME/(EXPENDITURE) 26,207 (30,821) (4,614) (22,047)
Transfem
between funds		 19 (1,136) 1,136
Net movement
in funds		 25,071 (29,685) (4,614) (22,047)
RECONCILIATION OF FUNDS
Total funds brought forward 3,276,561 179,035 3,455,596 3,477,643
TOTAL FUNDS CARRIED FORWARD 3,301,632 149,350 3,450,982 3,455,596

2021 2020
Unrestricted Restricted Total Total
fund funds funds funds
Notes 5 2 5
FIXEDASSETS
Tangible assets 11 3,169,184 149,350 3,318,534 2,615,357
Investment
property		 12 766,900
3,169,184 149,350 3,318,534 3,382,257
CURRENT ASSETS
Stocks 13 2,631 2,631 2,620
Debtors 14 43,580 43,580 49,990
Cash at bank and in hand 200,036 200,036 96,908
246,247 248,247 149,618
CREDITORS
Amounts
falling due within one year		 15 (67,966) (67,966) (75,175)
NET CURRENT ASSETS 178,281 178,281 74,343
TOTAL ASSETSLESSCURRENT
LIABILmES 3,347,465 149,350 3,496,815 3,458,600
CREDITORS
Amounts
falling due after more than one year		 18 (45,833) (45,833) (1,004)
NETASSETS 3,301,632 149,350 3,450,982 3,455,596
FUNDS
Unrestricted
funds		 3,301,632 3,276,561
Restricted funds 149,350 179,035
TOTAL FUNDS 3,450,982 3,465,696

2021 2020
Notes 6 F
Cash flows from operating activities
Cash generated
from operations		 1 67,982 21,499
Interest paid (312) (294)
Interest element of hire purchase
payments
paid		 (742) (2,598)
Finance costs paid (3,302) (6,958)
Net cash provided
by operating
activities		 63,626 11,851
Cash flows from investing activities
Purchase oftangible fixed assets
Sale oftangible fixed assets		 (7,499)
13		 (12,938)
Net cash used in investing
activities		 (7,486) (12,938)
Cash flows from financing activities
New loans in year 50,000
Capital repayments
in year		 (3,012) 3,012
Net cash provided
by financing
activities		 46,988 3,012
Change
in cash and cash		 equivalents
in the reporting
period		 103,128 1,727
Cash and cash equivalents atthe
beginning
ofthe reporting		 period 96,908
Cash and cash equivalents atthe end
ofthe reporting
period		 200,036 98,908
ACTIVITIES
2021 2020
Net expenditure
for		 the reporting period (as per the Statement
ofFinancial Activities) (4,614) (22,047)
Adjustments
for:
Depreciation
charges		 71,209 54,451
Interest paid 312 294
Interest element of hire purchase and finance lease rental payments 742 2,598
Finance costs 3,302 6,958
(Increase)/decrease in stocks (11) 2,236
Decrease/(increase) in debtors 6,410 (21,425)
Decrease
in creditors		 (9,368) (1,564)
Net cash provided
by		 operations 67,982 21,499
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20
6		 Cash gow At 31.3.21
f
Net cash
Cash at bank and
in hand		 96,908 103,128 200,036
103,128 200,036
Debt
Finance leases (3,012) 3,012
Debts falling due within
1 year
Debts falling due alter 1 year		 (4,167)
(45,833)		 (4,167)
(45,833)
(3,012) (46,988) (50,000)
Total 93,896 56,140 150,036

3. INVESTMENT fNCOME
2021 2020
E 6
Investment
income		 20,563
4. INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity E E
Income from theatre &
centre Income from theatre and centre 8,701 278,570
Other income Income from theatre and centre 5,453
Operation ofbar &cafe Operation ofbar &cafe 68,215
Other income Other income 7,680
14,154 354,465
5. CHARITABLE ACTIVITIES COSTS
Direct
Costs
6
Income from theatre and centre 355,649
Operation ofbar &cafe 907
6. SUPPORT COSTS
Governance
cos'ts
8
Other resources expended 7,550
7. AUDITORS' REMUNERATION
2021 2020
E
Fees payabie to the charity's auditors forthe audit ofthe charity's
financial statements 7,550 6,300
TRUSTEES' REMUNERATION AND BENEFITS

STAFFCOSTS STAFFCOSTS
2021 2020
Wages and salaries 144,930 200,601
Social security costs 6,588 10,692
Other pension costs 2,406 3,885
153,924 215,178
The average monthly number ofemployees during the year was as follows:
2021 2020
Management &Administration 8 8
Bar8other 2 9
10 17

Key management
personnel
include
afi persons
that
have
authority
and
directing
and controlling
the activities
of the charity. The total compensation
personnel
for services provided tothe charity was 647,321 (2020649,579).		 Key management
personnel
include
afi persons
that
have
authority
and
directing
and controlling
the activities
of the charity. The total compensation
personnel
for services provided tothe charity was 647,321 (2020649,579).		 Key management
personnel
include
afi persons
that
have
authority
and
directing
and controlling
the activities
of the charity. The total compensation
personnel
for services provided tothe charity was 647,321 (2020649,579).		 responsibility
paid to key		 for
planning
management
COMPARATWES FOR THE STATEMENT OF FINANCIAL ACThrlTIES
Unrestricted Restricted Total
fund funds funds
5 6
INCOME AND ENDOWNIENTS FROM
Donations and legacies 161,574 62,573 224,147
Charitable activities
Income from theatre and centre
Operation ofbar8cafe		 278,570
68,215		 278,570
68,215
Other income 7,680 7,880
Investment income 20,563 20,563
Total 536,602 62,573 599,175

10. COMPARATIVES FOR THE STATEMENT COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
8 8
Charitable
activities
Income from theatre and centre 495,998 68,507 584,505
Operation
ofbar &cafe		 50,417 50,417
Other 6,300 6,300
Total 552,715 68,507 621,222
NET INCOMEI(EXPENDITURE) (16,113) (5,934) (22,047)
Transfers between funds 2,307 (2,307)
Net movement
in funda		 (13,806) (8,241) (22,047)
RECONCILIATION OF FUNDS
Total funds brought forward 3,290,367 187,276 3,477,643
TOTAL FUNDS CARRIED FORWARD 3,276,561 179,035 3,455,598
TANGIBLE FIXEDASSETS
Fixtures
Freehold Plant and and
properly machinery fittings Totals
8 8 6 8
COST
At 1 April 2020 2,661,520 199,722 4,448 2,865,690
Additions 4,019 3,480 7,499
Disposals (14) (14)
Reclassification 766,900 766,900
At 31 March 2021 3,426,420 203,727 7,928 3,640,075
DEPRECIATION
At 1 April 2020 108,726 138,62'I 2,986 250,333
Charge for year 36,818 31,202 1,189 71,209
Eliminated
on disposal		 (1) (1)
At 31 March 2021 147,544 169,822 4,175 321,541
NET BOOKVALUE
At 31 March 2021 3,280,876 33,905 3,753 3,318,534
At 31 March 2020 2,552,794 61,101 1,462 2,815,357

12. INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2020 766,900
ReclasstTication (766,900)
At 31 March 2021
NET BOOKVALUE
At 31March 2021
At 31 March 2020
13. STOCKS
2021 2020
Stocks 2,631 2,620
14. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
6
Trade debtors
Other debtors
VAT
Prepayments		 18,636
4,169
20,775		 37,808
4,218
2,627
5,337
43,580 49,990

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR
2021 2020
F 6
Bank loans and overdrafts (see note 17) 4,167
Hire purchase (see note 18) 2,008
Trade creditors 7,369 33,906
Taxation and social security 1,846 2,745
Other creditors 54,584 36,516
67,966 75,175
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
6
Bank loans (see note 17) 45,833
Hire purchase (see note 18) 1,004
45,833 1,004
17. LOANS
An analysis ofthe maturity cf loans is given below:
2021 2020
E
Amounts
falling		 due within one year on demand:
Bankloans 4,167
Amounts
falling		 between one and two years:
Bank loans - 1-2years 5,000
Amounts
falling		 due between two and five years:
Bank loans - 2-5years 15,000
Amounts
falling		 due in more than five years:
Repayable
by instalmentsi
Bank loans more 5yr by instal 25,833
18. LEASING AGREEMENTS
Minimum
lease		 payments fall due as follows:
Hire purchase contracts
2021 2020
6 f
Net obligations repayable:
Within one year 2,008
Between one and five years 1,004
3,012

LEASING AGREEMENTS - continued
Non-cancellable
operating leases
2021 2020
6
Within one year 1,198 1,634
Between one and five years 1,598 2,796
2,796

NIOVEMENT IN FU NDS
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
f
Unrestricted
funds
General fund 3,276,561 26,207 (1,136) 3,301,632
Restricted funds
Arts Council ofWales 34,987 (18,378) 18,589
Vale ofGlamorgan Council 11,905 (7,142) 4,763
Barry Tawn Council 58,550 (1,225) 55,325
Bany Tawn Council 72,613 (1,940) 70,673
Vale Stronger Communities 3,000 (4,136) 1,136
179,035 (30,821) 1,136 149,350
TOTAL FUNDS 3,455,596 (4,614) 3,450,982
Net movement
in funds, included		 in the above are as follows:
Incoming Resources Movement
resources expended in funds
8
Unrestricted
funds
General fund 328,661 (302,454) 28,207
Restricted funds
Arts Council ofWales
Vale ofGlamorgan
Council		 8,031 (24,409)
(7,142)		 (16,378)
(7,142)
Bany Town Council (1,225) (1,225)
Bany Town Council
Vale Stronger Communities		 22,800 (24,740)
(4,136)		 (1,940)
(4,136)
30,831 (61,652) (30,821)
TOTAL FUNDS 359,492 (364,106) (4,814)

Comparatives
for		 moveme nt
in funds
Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.20
6 8
Unrestricted
funds
General fund 3,290,367 (16,113) 2,307 3,276,561
Restricted funds
Arts Council ofWales
Vale cfGlamorgan
Council		 51,345
19,047		 (16,378)
(7,142)		 34,967
11,905
Barry Town Council 57,775 (1,225) 56,550
Barry Town Council 55,322 17,291 72,613
Ffilm Cymru 3,787 (3,787)
Vale Stronger Communities 5.307 (2,307)
187,276 (5,934) (2,307) 179,035
TOTAL FUNDS 3,477,643 (22,047) 3,455,596
Comparative
net movement		 in funds, included in the above am as follows:
Incoming Resources Movement
resources expended in funds
8
Unrestricted
funds
General fund 536,602 (552,715) (16,113)
Restricted funds
Arts Council ofWales
Vale ofGlamorgan
Council		 (16,378)
(7,142)		 (16,378)
(7,142)
Barry Town Council (1,225) (1,225)
Chapter Cardiff Film Hub 10,436 (10,436)
Barry Tawn Council 18,600 (1,309) 17,291
Ffilm Cymru 3,786 (7,573) (3,787)
Ffilm Hub Midlands 4,000 (4,000)
Surf the Wave 2,267 (2,267)
Vale Stronger Communities 23,484 (18,177) 5,307
62,573 (68,507) (5,934)
TOTAL FUNDS 599,175 (621,222) (22,047)

A current yea r 12m onths and prior year 12months combine d
position isas		 follows:
Net Transfers
movement between At
At 1.4.19
5		 in funds
f		 funds 31.3.21
F
Unrestricted funds
General fund 3,290,367 10,094 1,171 3,301,632
Restricted funds
Arts Council ofWales 51,345 (32,756) 18,589
Vale ofGlamorgan Council 19,047 (14,284) 4,763
Barry Town Council 57,775 (2,450) 55,325
Barry Town Council 55,322 15,351 70,673
Ffilm Cymru 3,787 (3,787)
Vale Qronger Communities 1,171 (1,171)
187,276 (36,755) (1,171) 149,350
TOTAL FUNDS 3,477,643 (26,661) 3,450,982
Incoming Resources Movement
resources expended in funds
5
Unrestricted
funds
General fund 865,263 (855,169) 10,094
Restricted funds
Arts Council ofWales
Vale ofGlamorgan
Council		 8,031 (40,787)
(14,284)		 (32,756)
(14,284)
Barry Town Council
Chapter Cardiff Film Hub		 10,436 (2,450)
(10,436)		 (2,450)
Bany Town Council 41,400 (26,049) 15,351
Ffilm Cymru
Ffilm Hub Midlands
Surf the Wave
Vale Stronger Communities		 3,786
4,000
2,267
23,484		 (7,573)
(4,000)
(2,267)
(22,313)		 (3,787)
1,171
93,404 (130,159) (36,755)
TOTAL FUNDS 958,667 (985,328) (26,661)