2023-03-31-accounts - Memorial Hall And Theatre

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					2023	2022
			Unrestricted	Restricted	Total	Tolal
			fund	funds	funds	funds
		Notes	5		6	5
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	64,842	42,647	107,489	279,605
Charllable actlvldes		4
Income from theatre and centre			368,882		368,882	153,936
Operation ofbar 8 cafe			85,580		85,580	29,501
Investment income		3	512		512	15
Total			519,818	42,647	562,463	463,057
EXPENDITURE ON
Charitable activities		5
Income from theatre and centre			501,584	65,057	566,641	423,242
Operation of bar 8 cafe			42,766		42,766	13,849
Oiher			5,000		5,000	5,000
Total			549,350	65,057	614,407	442,091
NET INC0MB(EXPENDITURE)			(29,534)	(22,410)	(51,944)	20,966
RECONCILIATION OF FUNDS
Total funds brought forward			3,329,318	142,630	3.471,948	3,450,982
TOTAL FUNDS CARRIED FORWARD			3,299,784	120,220	3,420,004	3,471,948

				2023	2022
		Unmstricted	Restricted	Total	Total
	Notes	fund	funds	fundsf	fundsf
FIXEDASSETS
Tangible assets	11	3,100,546	116,528	3,217,074	3,260,499
CURRENT ASSETS
Stocks	12	4,986		4,986	4,986
Debtors	'13	91,198		91,198	125,684
Cash at bank and in hand		311,938	3,692	315,630	240,404
		408,122	3,692	411,814	371,074
CREDfTORS
Amounts falling due within one year	14	(173,301)		(173,301)	(118,934)
NET CURRENT ASSETS		234,821	3,692	238,513	252,140
TOTAL ASSETSLESSCURRENT
LIABILITIES		3,335,367	120,220	3.455,587	3,512,639
CREDITORS
Amounts falling due after more than one year	15	(35,583)		(35,583)	(40,691)
NETASSETS		3,299,784	120,220	3,420,004	3,471,948
FUNDS	18
Unrestricted funds				3,299,764	3,329,318
Restricted funds				120,220	142,630
TOTALFUNDS				3,420,004	3,471,948

	Notes	2023 f	2022 5
Cash flows from operating acgvlties
Cash generated fiom operations	1	89,132	56,408
Interest paid		(1,088)	(1,315)
Interest ehrment ol hire purchase or
finance lease rental payments paid			(3'71)
Finance costs paid		(11,087)	(5,430)
Net cash provided by operating acfivitles		76,957	49492
Cash flows from investing acgvltles
Purchase cftangible fixed assets		(1,731)	(8,924)
Net cash used in investing acfiviTies		(1,731)	(8.924)
Change in cash and cash equivalents
in the reporting period		75,226	40,368
Cash and cash equivalents at the
beginning ofthe reporting period		240,404	200,036
Cash snd cash equivalents atthe end
ofthe reporting period		315,630	240,404

ACTWITIES
						2023	2022
							6
Net (expenditure)8ncome		for the reporting		period (ss per the
Statement ofFinancial Activides)						(51,944)	20,966
Adjustments for.
Depreciation charges						45,157	66,960
Interest paid						1,088	1,315
Interest ehment ofhire purchase			and finance	lease rental payments			371
Finance costs						11,087	5,430
Increase in stocks							(2,355)
Decrease/(increase)	in debtors					34,486	(82,104)
Increase in creditors						49,258	45,825
Nst cash provided by operations						89,132	56,408
ANALYSIS OF CHANGES		IN NET FUNDS
				At	1.4.22	Cash flow	At31.3.23
					6	6	6
Net cash
Cash at bank and in	hand			240,404		75,226	315,630
				240,404		75,226	315,630
Debt
Debls felling due within 1 year					(5,136)	14	(5,122)
Debls falling due after 1 year				(40,691)		5,108	(35,583)
				(45,827)		5,122	(40,705)
Total				194,577		80,348	274,925

reduction in future paym	reduction in future paym	e	nts or a cash refu	nts or a cash refu	nts or a cash refu	nd.	nd.	nd.	nd.
Debtors and creditors			receivable/payable			within one year
Debtors snd creditors			with	no stated	interest		rats	and	receivable		or payable within		one	year	ars
recorded at transaction		price.		Any losses arising			from	impairment		are	recognised	in expenditure.
DONATIONS AND	LEGACIES
												2023		2022
												8		9
Donations												1,378		1,913
Grants											106,111		277,692
											107,489		279,605
Grants received, induded			in the above, are			as follows:
												2023 8		2022 f
Ffilm Cymru												9,764
Vale ofGlsmorgan	-Stronger			Communities								18,763
Vale cfGlsmorgan	Barry		Making Waves		Fund									12,890
Arts Council ofWales Cultural				Recovery	Fund								159,783
Vale ofGlamorgan	Council - Covld rates				relief									4,000
Gwynlan Festival														500
WCVA TSRF														50,000
Vale ofGlamorgan	- Summer			ofFun								16,884		11,150
Aria Councfi ofWales -		Stepping Stones			to	Brighter Days								39,569
FilmHub Wales												7,000
Tawn Spars Spaces Grant												5.000
ACW Memo Connect												48,700
											106,111		277,892

				2023	2022
				E	E'
Wages and salaries				160,165	144,112
Social security costs				8,235	7,966
Other pension costs				2,963	2,808
				171,363	154,886
The average	monthly	number ofemployees	during the year was as folkws:
				2023	2022
Management	&Administration			8	8
ear &other				2	2
				10	10

Ksy management personnel indude all pemons that have authority and directing and conimlling the activities ofthe charily. The total compensation personnel forservices provided to lhe charity was E48.343(2022E47,528).	Ksy management personnel indude all pemons that have authority and directing and conimlling the activities ofthe charily. The total compensation personnel forservices provided to lhe charity was E48.343(2022E47,528).	Ksy management personnel indude all pemons that have authority and directing and conimlling the activities ofthe charily. The total compensation personnel forservices provided to lhe charity was E48.343(2022E47,528).	responsibility paid to key	for planning management
COMPARATIVES FORTHE STATEMENT OF FiNANCIAL ACTMTIES
		Unresbicted	Restricted	Total
		fund	funds	funds
		E	E	E
INCOME AND ENDOWMENTS		FROM
Donations	and legacies	240,036	39,569	279,605
Charitable	activities
Income from theatre and cense		153,936		153,936
Operation	of bar &cafe	29,501		29,501
Investment	income	15		15
Total		423,488	39,569	463,057
EXPENDIIRE ON
Charitable	acttvtges
Income from theatre and cenbs		376,953	46,289	423,242

10.	COMPARATIVES	FOR THE STATEMENT	OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
				Unrestricted	Restricted	Total
				fund	funds	funds
					6
	Operation ofbar 5	cafe		13,849		13,849
	Other			5,000		5,000
	Total			395,802	46,289	442,091
	NET INCOME/(EXPENDITURE)			27,686	(6,720)	20,966
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		3,301,632	149,350	3,450,982
	TOTAL FUNDS CARRIED FORWARD			3,329,318	142,630	3,471,948
11.	TANGIBLE FIXED	ASSETS
					Fixtures
			Freehold	Plant and	and
			property 6	machinery 6	fitfings	Totals f
	COST
	At 1 April 2022		3,428,420	205,652	14,927	3,648,999
	Additions			1,731		1,731
	At 31 March 2023		3,428,420	207,383	14,927	3,650,730
	DEPRECIATION
	At 1 April 2022		186,362	195,803	6,335	388,500
	Charge foryear		38,819	4,558	1,779	45,156
	At 31 March 2023		225,181	200,361	8,114	433,656
	NET BOOK VALUE
	At 31 March 2023		3,203,239	7,022	6,813	3,21'7,074
	At 31 March 2022		3,242,058	9,849	8,592	3,260,499

12.	STOCKS
			2023 f	2022
	Stocks		4,986	4,986
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			2023	2022
			8	f
	Trade debtors		49,815	28,414
	Other debtors		35,858	40,057
	VAT			7,336
	Prepayments		5,525	49,877
			91,198	125,684
14.	CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
			2023 f	2022
	Bank loans and overdrafts (see note 18)		5,122	5,136
	Trade creditors		71,774	43,142
	Taxation and social securky		10,626	2,594
	Other creditors		85,779	68,062
			173,301	1'I8,934
15.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			2023	2022
			E	f
	Bank loans (see note 16)		35,583	40,691
16.	LOANS
	An analysis ofthe maturity of	loans is given below:
			2023	2022
			F	f
	Amounts falling due within one year on demand:
	Bankloans		5,122	5,136
	Amounts falling between one	and two years:
	Bank loans - 1-2years		5,000	5,000
	Amounts falling due between	two and live years:
	Bank hans - 2-5 yearn		15,000	15,000
	Amounts falling due in more than five years:
	Repayable by inslalments: Bank loans more 5yr by inslal		15,583	20,691

Minimum lease p	ayments under	noncancell	able operating leases fall due	as follows:
				2023	2022
				E	E
Within one year				266	1,065
Between one and	five years				266
				266	1,331
Lease payments	recognised as	an expense	in the period was F1,065.
MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.4.22	in funds	31.3.23
			E	E
Unrestricted funds
General fund			3,329,318	(29,534)	3,299,784
Restricted funds
Arts Coundl ofWales			2,21 1	(2,211)
Barry Town Council			54,100	(1,225)	52,875
Barry Town Council			68,733	(1,388)	67,345
Arts Council ofWales - Stepping
Stones to Brighter	Days		17,586	(17,586)
			142,630	(22,410)	120,220
TOTALFUNDS			3,471,948	(51,944)	3,420,004
Net movement in	funds, induded	in the above ars as follows:
			Incoming	Resources	Movement
			resources E	expended E	in funds f
Unrestricted funds
General fund			519,816	(549,350)	(29,534)
Restricted funds
Aria Council ofWales				(2,211)	(2,211)
Barry Town Council				(1,225)	(1,225)
Bany Town Council				(1,388)	(1,388)
Vale of Glamorgan	-Stronger
CommuniTies			18,763	(18,763)
Arts Council ofWales - Stepping
Stones to Brighter	Days			(17,586)	(17,586)
Vale ofGlamorgan	-Summer of	Fun	16,884	(16.884)
Film Hub Wales			7,000	(7,000)
			42,647	(65,057)	(22,410)
TOTAL FUNDS			582,463	(614,407)	(51,944)

			Net
			movement
		At 1.421	in funds	31.3.22
		6	6	5
Unrestrlclad funds
General fund		3,301,632	27,686	3,329,318
Restrlcled funds
Arts Countg ofWales Vale ofGlamorgan Council		18,589 4,763	(16,378) (4,763)	2,211
Barry Town Council		55,325	(1,225)	54,100
Barry Town Council		70,673	(1,940)	68,733
Arts Council ofWales - Stepping
Stones to Brighter Days			17,586	17,586
		149,350	(6,720)	142,630
TOTAL FUNDS		3,450,982	20,966	3,471,94$
Comparative net movement	in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources 6	expended 5	in funds f
Unrestricted funds
General fund		423,488	(395,802)	27,686
Restricted funds
Arts Council ofWales Vale ofGlamorgan Council			(16,378) (4,763)	(16,378) (4,763)
Bany Town Council			(1,225)	(1,225)
Bany Town Council Arts Council ofWales -Stepping			(1,940)	(1,940)
Slones to Brighter Days		39,569	(21,983)	17,586
		39,569	(46,289)	(6,720)
TOTAL FUNDS		463,057	(442,091)	20,966

A current year 12	months	and prior year 12months c	ombined	position isa	s fo	llows:
						Net
						movement	At
				At 1.421 f		in funds 5	31.3.23 6
Unrestricted funds
General fund			3,301,632			(1,848)	3,299,784
Restricted funds
Arts Coundl ofWales				18,589		(18,589)
Vale ofGlamorgan	Council			4,763		(4,763)
Barry Town Council				55,325		(2,450)	52,875
Barry Town Council				70,673		(3,328)	67,345
				149,350		(29,130)	120,220
TOTALFUNDS			3,450,982			(30,978)	3,420,004
A current year 12 months		and prior year 12months	combined	net movement		in funds,	included in the
above are as follows:
				Incoming	Resources		Movement
				resources 6		expended f	in funds E
Unrestricted funds
General fund				943,304	(945,152)		(1.848)
Restricted funds
Aria Council ofWales						(18,589)	(18,589)
Vale ofGlsmorgsn	Council					(4,763)	(4,763)
Bony Town Council						(2,450)	(2,450)
Barry Town Council						(3,328)	(3,328)
Vale ofGlamorgan	-Stronger
Communities				18,763		(18,763)
Arts Council ofWales - Stepping
Stones to Brighter Days				39,569		(39,569)
Vale ofGlamorgan	-Summer of Fun			16,884		(16,884)
Film Hub Wales				7,000		(7,000)
				82,216	(111,346)		(29,130)
TOTALFUNDS			1,025,520		(1,056,498)		(30,978)