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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)|
##
##
##
##
##
##