| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to 7 | |
| Independent Examiner's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | 10 | |
| Notes to the Financial Statements | 11to 20 |
| REFERENCE AND ADMINISTRATIVE DETAILS | REFERENCE AND ADMINISTRATIVE DETAILS | |||
|---|---|---|---|---|
| Registered Charity number |
||||
| 1176578 | ||||
| REFERENCE AND ADMINISTRATIVE DETAILS | ||||
| Principal address | ||||
| Shectrwm | ||||
| Bwlch Road | ||||
| Fairwater | ||||
| Cardiff | ||||
| CF53EF | ||||
| Trustees | ||||
| JAngharad-Hopkins JRTaylor |
Acting Chair Treasurer |
Resigned | 12October 2020 | |
| D EJones BBeii-Hughes M Morris |
Secretary | Resigned Resigned |
12October 2020 12October 2020 |
|
| TWentworth | ||||
| JCotsen | ||||
| N Hirst D Turp D Desilva VJames D Turner EBenson C Phillips |
Chair Vice chair |
Appointed Appointed Appointed Appointed Appointed Appointed Appointed |
12October 2020 12October 2020 'l2 October 2020 12October 2020 12October 2020 12October 2020 12October 2020 |
|
| Key Management | Personnel | |||
| R Fabby (Formerly | Director | |||
| Gould) | ||||
| KHampfon SPound |
Creative Co-ordinator Finance and Admin |
Resigned 31 January 2021 | ||
| Co-ordinator | ||||
| Independent examiner |
||||
| Watts Gregory LLP | ||||
| Chartered Accountants |
||||
| Elfed House | ||||
| Oak Tree Court | ||||
| Cardiff Gate Business Park | ||||
| CARDIFF | ||||
| County ofCardiff | ||||
| CF23BRS | ||||
| Approved by order of |
the Board of Trustees on. | .. t ..$................and j ~n pre ~@7-I |
signed on its behalf by: |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||||
| funds | funds | ||||||
| Notes | F | ||||||
| INCOME | AND ENDOWMENTS | FROM | |||||
| Donations | and legacies | 1,287 | 23,869 | 25,156 | 11,262 | ||
| Charitable | activities | ||||||
| General | 174,567 | 99,980 | 274,547 | 190,?91 | |||
| Total | 175,854 | 123„849 | 299,703 | 202,053 | |||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| General | 170,421 | 68,205 | 238,626 | 192,717 | |||
| NET INCOME | 5,433 | 55,644 | 61,077 | 9,336 | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought forward | 57,243 | 2,881 | 60,124 | 50,787 | |||
| TOTAL FUNDS CARRIED FORWARD | 62,676 | 58,525 | 121,201 | 60,123 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||
| funds | funds | ||||
| Notes | F | ||||
| FIXEDASSETS | |||||
| Tangible assets | 158 | ||||
| CURRENT ASSETS | |||||
| Debtors | 2,500 | 17,234 | 19734 | 0464 | |
| Cash at bank | 62,593 | ~50533 | 113,126 | 57,522 | |
| 65,093 | 67,767 | 132,860 | 66,986 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
13 | (2,417) | (9,242) | (11,659) | (7,021) |
| NET CURRENT ASSETS | 62,676 | 58,525 | 121,201 | 59,965 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 62,676 | 58,525 | 121,201 | 60,123 | |
| NET ASSETS | 62,676 | 58,525 | 121,201 | 60,123 | |
| FUNDS | |||||
| Unrestricted funds |
62,6?6 | 57,242 | |||
| Restricted funds | 58.525 | 2,881 | |||
| TOTAl FUNDS |
121,201 | 60,123 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| F | |||||
| Donations | 3,287 | 1,199 | |||
| Grants | 21,869 | 10,063 | |||
| 25,156 | 11,262 | ||||
| Grants received, | included | in the above, are as follows: | |||
| 2021 | 2020 | ||||
| f | F | ||||
| DWP —Access to Work | 21,869 | 10,063 | |||
| INCOME FROM | CHARITABLE ACTIVITIES | ||||
| 2021 | 2020 | ||||
| E | F | ||||
| Grants | 267,217 | 183,508 | |||
| Training and |
consultation | income | 5,980 | 5,408 | |
| Other charitable | income | 101 | 737 | ||
| Membership | income | 1,249 | 1,138 | ||
| 274,547 | 190,?91 |
| Grants received, included in the above, are |
Grants received, included in the above, are |
as follows: | as follows: | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Arts Council ofWales —core funding Arts Council ofWales —other projects |
funding | 167,237 39,650 |
165,417 | |||
| WCVA - Volunteering Wales grant |
17,291 | |||||
| Conwy County Council - Photography | workshop | 500 | ||||
| Cambrian News —events in Ceredigion |
200 | |||||
| C Bailey - Caemarfon residency |
100 | |||||
| Cardiff Third Sector Council | 1.231 | |||||
| Co-op Local Community Fund |
2,159 | |||||
| Cultural Solidarity Fund (European Cultural |
Foundation) | 30,433 | ||||
| Disability Action (National Emergency |
Trust | funding) | 24,857 | |||
| Groundwork -Tesco Welsh Government |
1,500 150 |
|||||
| 287,21? | 183,588 | |||||
| CHARITABLE ACTIVITIES COSTS | ||||||
| Direct costs | Support costs | Totals | ||||
| (See note 6) | (See note 7) | |||||
| E | ||||||
| General | 234,735 | 3,891 | 238,626 | |||
| DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||||
| 2021 | 2020 | |||||
| F | F | |||||
| Staff costs | 146,162 | 128,026 | ||||
| Rent, rates and other associated office Insurance Telephone, postage, printing and other |
costs related |
office costs | 9,723 1,392 2,966 |
12,335 1,251 2,654 |
||
| Advertising and marketing |
656 | 109 | ||||
| Sundries Legal and professional fees Recruitment costs Direct support costs relating to members Other staff costs Staff travel and subsistence Direct project costs Freelance business support Freelance Communication Support Fixed asset depreciation |
2,907 1,942 75 2,616 1,695 61,318 3,125 158 |
1,779 2,032 4,451 4,282 3,762 5,313 19,227 2,000 157 |
||||
| 234,735 | 187,378 | |||||
| SUPPORT COSTS | ||||||
| Governance | ||||||
| costs | ||||||
| General | 3,891 | |||||
| The above support costs include Independent |
Examination | fees off2,000(2020 - E2,000). |
| During the year anil STAFF COSTS |
was paid to nil trustees | (2020 -E626was paid to 4trustees) | in respect oftravel | expenses. |
|---|---|---|---|---|
| 2021 f |
2020 E |
|||
| Wages and salaries | 136,638 | 119,954 | ||
| Social security costs | 6,?65 | 5,708 | ||
| Other pension costs | 2,759 | 2,364 | ||
| 146,162 | 128,026 | |||
| The average monthly |
number ofemployees | during the year was as follows: | ||
| 2021 | 2020 | |||
| 7 | 7 |
| Unrestricted | Restricted | Total funds | |||
|---|---|---|---|---|---|
| funds | funds | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
1,199 | 10,063 | 11,262 | ||
| Charitable activities |
|||||
| General | 172,700 | 18,091 | 190,791 | ||
| Total | 173,899 | 28,154 | 202,053 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| General | 167,379 | 25,338 | 192,717 | ||
| Total | 167,379 | 25,338 | 192,717 | ||
| NET INCOME | 6,520 | 2,816 | 9,336 | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought | forward | 50,722 | 65 | 50,787 | |
| TOTAL FUNDS CARRIED FORWARD | 57,242 | 2,881 | 60,123 |
| 11. | TANGIBLE FIXEDASS | E | TS | |||||
|---|---|---|---|---|---|---|---|---|
| Fixtures | and | |||||||
| fittings | ||||||||
| F | ||||||||
| COST | ||||||||
| At 1 April 2020 and 31 March 2021 | 572 | |||||||
| DEPRECIATION | ||||||||
| At 1 April 2020 | 414 | |||||||
| Charge for year | 158 | |||||||
| At 31 March 2021 | 572 | |||||||
| NET BOOK VALUE | ||||||||
| At 31 March 2021 | ||||||||
| At 31 March 2020 | 158 | |||||||
| Only assets above F500 | are capitalised. | |||||||
| 12. | DEBTORS:AMOUNTS | FALLING DUE WITHIN | ONE YEAR | |||||
| 2021 | 2020 | |||||||
| f | E | |||||||
| Other debtors | 1,100 | 241 | ||||||
| Prepayments and accrued |
income | 18,634 | 9,223 | |||||
| 19,?34 | 9,464 | |||||||
| 13. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| 2021 | 2020 | |||||||
| E | F | |||||||
| Other creditors | 9,659 | 4,881 | ||||||
| Accruals and deferred income |
2,000 | 2,140 | ||||||
| 11,659 | 7,021 | |||||||
| 14. | LEASING AGREEMENTS | |||||||
| Minimum lease payments |
under non-cancellable | operating | leases fall due as follows: | |||||
| 2021 | 2020 | |||||||
| F | ||||||||
| Within one year | 1,686 | 1,713 | ||||||
| Between one and five years | 422 | |||||||
| 1,686 | 2, | 135 |
| 15. | MOVEMENT IN FUNDS |
|||||
|---|---|---|---|---|---|---|
| Net movement | ||||||
| At 1/4/20 | in funds | At 31/3/21 | ||||
| Unrestricted funds |
||||||
| General fund Designated fund - Fixed asset reserve |
57,085 158 |
5,591 ~158) |
62,676 | |||
| 57,243 | 5,433 | 62,676 | ||||
| Restricted funds | ||||||
| Voluntary Arts Network - MaDCaff |
65 | 65 | ||||
| MaDCaff Ceredigion | 200 | 200 | ||||
| MaDCaff - Volunteering project C3SC - Covid-19 Local Emergency |
Support Grant | 2,616 | (2,616) 65 |
65 | ||
| ACW- We shall not be removed | 3,673 | 3,673 | ||||
| European Cultural Foundation -We |
shall not be erased | 28,134 | 28,134 | |||
| ACW - Cultural recovery fund |
3,295 | 3,295 | ||||
| Theatre Project DPO Covid-19 Emergency Fund Tesco Groundwork -Youth Work |
1,000 21,093 1,000 |
1,000 21,093 1,000 |
||||
| 2,881 | 55,644 | 58,525 | ||||
| TOTAL FUNDS | 60,124 | 61,077 | 121,201 | |||
| Net movement in funds, included |
in | the above are as follows: | ||||
| incoming | Resources | Movement in |
||||
| resources | expended | funds | ||||
| F | ||||||
| Unrestricted funds |
||||||
| General fund Designated fund - Fixed asset reserve |
175,854 | {170,263) ~158) |
5,591 ~158) |
|||
| 175,854 | (170,421) | 5,433 | ||||
| Restricted funds | ||||||
| MaDCaff - Volunteering project Access to Work |
21,869 | (2,616) (21,869) |
(2,616) | |||
| Co-op community fund Arts Prize C3SC —Covid-19 Local Emergency ACW - We shall not be removed |
Support Grant | 2,159 1,500 1,231 5,000 |
(2,159) {1,500) {1,166) (1,327) |
65 3,673 |
||
| European Cultural Foundation —We |
shall not be erased | 30,433 | (2,299) | 28,134 | ||
| ACW - Cultural recovery fund Theatre Project |
33,349 1,000 |
(30,054) | 3,295 1,000 |
|||
| DPO Covid-19 Emergency Fund Tesco Groundwork -Youth Work |
24,857 1,000 |
(3,764) | 21,093 1,000 |
|||
| ACW - Comms Support | 90 | (90) | ||||
| Welsh Government -Creative Cardiff Arts Council Wales —Creative Steps Meeting |
150 1,211 |
(150) ~1,211) |
||||
| 123,849 | (68,205) | 55,644 | ||||
| TOTAL FUNDS | 299,?03 | ~238,626) | 61,077 |
| Comparatives for movement |
Comparatives for movement |
Comparatives for movement |
in funds | in funds | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Net movement | Transfers | |||||||||
| At 1I4I19 | in funds | between funds |
At 31I3I20 | |||||||
| F | F | |||||||||
| Unrestricted Funds |
||||||||||
| General fund Designated fund - Recruitment costs Designated fund - Review ofpolicies Designated fund - Fixed asset reserve |
42,722 4,000 4,000 |
12,520 (4,000) (2,000) |
1,842 (2,000) 158 |
57,084 158 |
||||||
| 50,722 | 6,520 | 57,242 | ||||||||
| Restricted Funds | ||||||||||
| Voluntary Arts Network |
- MaDCaff | 65 | 65 | |||||||
| MaDCaff Ceredigion | 200 | 200 | ||||||||
| MaDCaff - Volunteering | project | 2,616 | 2,616 | |||||||
| 65 | 2,816 | 2,881 | ||||||||
| TOTAL FUNDS | 50,787 | 9,336 | 60,123 | |||||||
| Comparative net movement in funds, |
included | in the above | are | as | follows: | |||||
| Incoming | Resources | Movement in |
||||||||
| resources | expended | funds | ||||||||
| E | ||||||||||
| Unrestricted funds |
||||||||||
| General fund Designated fund - Recruitment costs Designated fund - Review of policies |
173,899 | (161,3?9) (4,000) ~2,000) |
12,520 (4,000) ~2,000) |
|||||||
| 173,899 | (167,379) | 6,520 | ||||||||
| Restricted funds | ||||||||||
| MaDCaff Ceredigion | 200 | 200 | ||||||||
| Photography workshop Galeri Residence MaDCaff - Volunteering Access to Work |
project | 500 100 17,291 10,063 |
(500) (100) (14,675) ~10,063) |
2,616 | ||||||
| 28,154 | (25,338) | 2,816 | ||||||||
| TOTAL FUNDS | 202,063 | )102,7)7) | 9,336 |