|||Page|
|---|---|---|
|Report ofthe Trustees||1 to 7|
|Independent<br>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<br>Charity number|||||
|1176578|||||
|REFERENCE AND ADMINISTRATIVE DETAILS|||||
|Principal address|||||
|Shectrwm|||||
|Bwlch Road|||||
|Fairwater|||||
|Cardiff|||||
|CF53EF|||||
|Trustees|||||
|JAngharad-Hopkins<br>JRTaylor|Acting Chair<br>Treasurer||Resigned|12October 2020|
|D EJones<br>BBeii-Hughes<br>M Morris|Secretary||Resigned <br>Resigned|12October 2020<br> 12October 2020|
|TWentworth|||||
|JCotsen|||||
|N Hirst<br>D Turp<br>D Desilva<br>VJames<br>D Turner<br>EBenson<br>C Phillips|Chair<br>Vice chair||Appointed<br>Appointed<br>Appointed<br>Appointed<br>Appointed<br>Appointed<br>Appointed|12October 2020<br>12October 2020<br>'l2 October 2020<br>12October 2020<br>12October 2020<br>12October 2020<br>12October 2020|
|Key Management|Personnel||||
|R Fabby (Formerly|Director||||
|Gould)|||||
|KHampfon<br>SPound|Creative Co-ordinator<br>Finance and Admin||Resigned 31 January 2021||
||Co-ordinator||||
|Independent<br>examiner|||||
|Watts Gregory LLP|||||
|Chartered<br>Accountants|||||
|Elfed House|||||
|Oak Tree Court|||||
|Cardiff Gate Business Park|||||
|CARDIFF|||||
|County ofCardiff|||||
|CF23BRS|||||
|Approved<br>by order of|the Board of Trustees on.|.. t ..$................and <br>j ~n pre<br>~@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<br>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<br>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<br>funds||||62,6?6|57,242|
|Restricted funds||||58.525|2,881|
|TOTAl<br>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<br>and|consultation||income|5,980|5,408|
|Other charitable||income||101|737|
|Membership|income|||1,249|1,138|
|||||274,547|190,?91|





## 

|Grants received,<br>included<br>in the above, are|Grants received,<br>included<br>in the above, are|as follows:|as follows:||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Arts Council ofWales —core funding<br>Arts Council ofWales —other projects|funding||||167,237<br>39,650|165,417|
|WCVA - Volunteering<br>Wales grant||||||17,291|
|Conwy County Council - Photography|workshop|||||500|
|Cambrian<br>News<br>—events<br>in Ceredigion||||||200|
|C Bailey - Caemarfon<br>residency||||||100|
|Cardiff Third Sector Council|||||1.231||
|Co-op Local Community<br>Fund|||||2,159||
|Cultural<br>Solidarity<br>Fund (European<br>Cultural||Foundation)|||30,433||
|Disability<br>Action (National<br>Emergency|Trust|funding)|||24,857||
|Groundwork<br>-Tesco<br>Welsh Government|||||1,500<br>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 <br>Insurance<br>Telephone,<br>postage,<br>printing<br>and other|costs<br> related||office costs||9,723<br>1,392<br>2,966|12,335<br>1,251<br>2,654|
|Advertising<br>and marketing|||||656|109|
|Sundries<br>Legal and professional<br>fees<br>Recruitment<br>costs<br>Direct support costs relating to members<br>Other staff costs<br>Staff travel and subsistence<br>Direct project costs<br>Freelance business<br>support<br>Freelance Communication<br>Support<br>Fixed asset depreciation|||||2,907<br>1,942<br>75<br>2,616<br>1,695<br>61,318<br>3,125<br>158|1,779<br>2,032<br>4,451<br>4,282<br>3,762<br>5,313<br>19,227<br>2,000<br>157|
||||||234,735|187,378|
|SUPPORT COSTS|||||||
|||||||Governance|
|||||||costs|
|General||||||3,891|
|The above support costs include<br>Independent|||Examination|fees off2,000(2020 - E2,000).|||





## 

## 

## 

|During the year anil <br>STAFF COSTS|was paid to nil trustees|(2020 -E626was paid to 4trustees)|in respect oftravel|expenses.|
|---|---|---|---|---|
||||2021<br>f|2020<br>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<br>monthly|number ofemployees|during the year was as follows:|||
||||2021|2020|
||||7|7|



## 

## 

||||Unrestricted|Restricted|Total funds|
|---|---|---|---|---|---|
||||funds|funds||
|INCOME AND ENDOWMENTS||FROM||||
|Donations<br>and legacies|||1,199|10,063|11,262|
|Charitable<br>activities||||||
|General|||172,700|18,091|190,791|
|Total|||173,899|28,154|202,053|
|EXPENDITURE ON||||||
|Charitable<br>activities||||||
|General|||167,379|25,338|192,717|
|Total|||167,379|25,338|192,717|
|NET INCOME|||6,520|2,816|9,336|
|RECONCILIATION<br>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<br>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<br>income|||||2,000|2,140||
|||||||11,659|7,021||
|14.|LEASING AGREEMENTS||||||||
||Minimum<br>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<br>IN FUNDS||||||
|---|---|---|---|---|---|---|
||||||Net movement||
|||||At 1/4/20|in funds|At 31/3/21|
||Unrestricted<br>funds||||||
||General<br>fund<br>Designated<br>fund - Fixed asset reserve|||57,085<br>158|5,591<br>~158)|62,676|
|||||57,243|5,433|62,676|
||Restricted funds||||||
||Voluntary<br>Arts Network - MaDCaff|||65||65|
||MaDCaff Ceredigion|||200||200|
||MaDCaff - Volunteering<br>project<br>C3SC - Covid-19 Local Emergency||Support Grant|2,616|(2,616)<br>65|65|
||ACW- We shall not be removed||||3,673|3,673|
||European<br>Cultural<br>Foundation<br>-We||shall not be erased||28,134|28,134|
||ACW - Cultural<br>recovery<br>fund||||3,295|3,295|
||Theatre Project<br>DPO Covid-19 Emergency<br>Fund<br>Tesco Groundwork<br>-Youth Work||||1,000<br>21,093<br>1,000|1,000<br>21,093<br>1,000|
|||||2,881|55,644|58,525|
||TOTAL FUNDS|||60,124|61,077|121,201|
||Net movement<br>in funds,<br>included|in|the above are as follows:||||
|||||incoming|Resources|Movement<br>in|
|||||resources|expended|funds|
|||||F|||
||Unrestricted<br>funds||||||
||General<br>fund<br>Designated<br>fund - Fixed asset reserve|||175,854|{170,263)<br>~158)|5,591<br>~158)|
|||||175,854|(170,421)|5,433|
||Restricted funds||||||
||MaDCaff - Volunteering<br>project<br>Access to Work|||21,869|(2,616)<br>(21,869)|(2,616)|
||Co-op community<br>fund<br>Arts Prize<br>C3SC —Covid-19 Local Emergency<br>ACW - We shall not be removed||Support Grant|2,159<br>1,500<br>1,231<br>5,000|(2,159)<br>{1,500)<br>{1,166)<br>(1,327)|65<br>3,673|
||European<br>Cultural<br>Foundation<br>—We||shall not be erased|30,433|(2,299)|28,134|
||ACW - Cultural<br>recovery<br>fund<br>Theatre Project|||33,349<br>1,000|(30,054)|3,295<br>1,000|
||DPO Covid-19 Emergency<br>Fund<br>Tesco Groundwork<br>-Youth Work|||24,857<br>1,000|(3,764)|21,093<br>1,000|
||ACW - Comms Support|||90|(90)||
||Welsh Government<br>-Creative<br>Cardiff<br>Arts Council Wales<br>—Creative Steps Meeting|||150<br>1,211|(150)<br>~1,211)||
|||||123,849|(68,205)|55,644|
||TOTAL FUNDS|||299,?03|~238,626)|61,077|





## 

|Comparatives<br>for movement|Comparatives<br>for movement|Comparatives<br>for movement|in funds|in funds|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Net movement||Transfers||
||||||At 1I4I19|||in funds|between<br>funds|At 31I3I20|
||||||F|||F|||
|Unrestricted<br>Funds|||||||||||
|General fund<br>Designated<br>fund - Recruitment<br>costs<br>Designated<br>fund - Review ofpolicies<br>Designated<br>fund - Fixed asset reserve|||||42,722<br>4,000<br>4,000|||12,520<br>(4,000)<br>(2,000)|1,842<br>(2,000)<br>158|57,084<br>158|
||||||50,722|||6,520||57,242|
|Restricted Funds|||||||||||
|Voluntary<br>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<br>net movement<br>in funds,||||included|in the above|are|as|follows:|||
|||||||||Incoming|Resources|Movement<br>in|
|||||||||resources|expended|funds|
|||||||||||E|
|Unrestricted<br>funds|||||||||||
|General<br>fund<br>Designated<br>fund - Recruitment<br>costs<br>Designated<br>fund - Review of policies||||||||173,899|(161,3?9)<br>(4,000)<br>~2,000)|12,520<br>(4,000)<br>~2,000)|
|||||||||173,899|(167,379)|6,520|
|Restricted funds|||||||||||
|MaDCaff Ceredigion||||||||200||200|
|Photography<br>workshop<br>Galeri Residence<br>MaDCaff - Volunteering<br>Access to Work|project|||||||500<br>100<br>17,291<br>10,063|(500)<br>(100)<br>(14,675)<br>~10,063)|2,616|
|||||||||28,154|(25,338)|2,816|
|TOTAL FUNDS||||||||202,063|)102,7)7)|9,336|





## 

## 

## 

## 

## 



## 

##