| Page | ||
|---|---|---|
| Trustees' report |
1-4 | |
| Statement oftrustees' |
responsibilities | |
| Independent examiner's report |
||
| Statement offinancial |
activities | |
| Balance sheet | ||
| Notes to the financial | statements | 10-20 |
| Unrestricted | Restricted | Total | Unrestricted | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | f | 6 | 6 | 6 | ||
| Ittgttmafmm; | ||||||
| Donations and legacies |
3 | 430,597 | 430,597 | 395,000 | ||
| Charitable activities |
4 | 485,957 | 76,000 | 561,957 | ||
| Total income | 916,554 | 76,000 | 992,554 | 395,000 | ||
| KmaadituraJtm | ||||||
| Charitable activities |
5 | 470,577 | 76,000 | 546,577 | ||
| Net Income for | the period/ | |||||
| Net movement | in funds | 445,977 | 445,977 | 395,000 | ||
| Fund balances at 1 January 2022 | 395,000 | 395,000 | ||||
| Fund balances | at 31 December 2022 | 840,977 | 840,977 | 395,000 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | E | |||||
| Fixed assets | |||||||
| Goodwill | 10 | 10,557 | |||||
| Other intangible | assets | 10 | 1,800 | ||||
| Total intangible | assets | 12,357 | |||||
| Tangible assets | 544,480 | ||||||
| 556,837 | |||||||
| Current assets | |||||||
| Stocks | 12 | 21,431 | |||||
| Debtors | 13 | 86,923 | |||||
| Cash at bank and in | hand | 343,993 | 395,000 | ||||
| 452,347 | 395,000 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | 14 | (138,700) | |||||
| Net current assets | 313,647 | 395,000 | |||||
| Total assets less current liabilities | 870,484 | 395,000 | |||||
| Creditors: amounts | falling due after | ||||||
| more than one | year | (29,507) | |||||
| Net assets | 840,977 | 395,000 | |||||
| Income funds | |||||||
| t)gfaatfigtaftfgftda | |||||||
| Designated funds |
18 | 556,837 | |||||
| General unrestricted |
funds | 284,140 | 395,000 | ||||
| 840,977 | 395,000 | ||||||
| 840,977 | 395,000 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 5 | 6 | ||||||||
| Cash flows from operating | activities | |||||||||
| Cash generated from operations |
21 | 439,065 | 395,000 | |||||||
| Investing activities |
||||||||||
| Transfer of goodwill | (11,085) | |||||||||
| Transfer ofintangible | assets | (2,213) | ||||||||
| Transfer oftangible |
fixed | assets | (553,708) | |||||||
| Net cash used in investing |
activities | (567,006) | ||||||||
| Financing activities |
||||||||||
| Repayment of bank |
loans | 76,934 | ||||||||
| Net cash generated | fromi(used | in) | ||||||||
| financing activities |
76,934 | |||||||||
| Net (decrease)/increase | in | cash and cash | ||||||||
| equivalents | (51,007) | 395,000 | ||||||||
| Cash and cash equivalents | at beginning | ofperiod | 395,000 | |||||||
| Cash and cash equivalents | at end of | period | 343,993 | 395,000 |
| 2021 | ||||
|---|---|---|---|---|
| 2022 | ||||
| 6 | ||||
| Entrance | fee | income | 199,996 | |
| Grants | 76,000 | |||
| Bar income | 267,979 | |||
| Hire fees | 10,509 | |||
| Other income | 7,473 | |||
| 561,957 | ||||
| Analysis | by | fund | ||
| Unrestricted | funds | 485,957 | ||
| Restricted | funds | 76,000 | ||
| 561,957 | ||||
| Performance | related grants | |||
| Welsh Government | 75,000 | |||
| PRS | 1,000 | |||
| 76,000 |
| 2021 | |||||
|---|---|---|---|---|---|
| 2022 | |||||
| 6 | |||||
| Staff costs | 121,827 | ||||
| Depreciation and impairment |
10,169 | ||||
| Stock Purchases | |||||
| 109,405 | |||||
| Marketing | |||||
| 28,612 | |||||
| Performers | 112,677 | ||||
| Event Costs | 66,775 | ||||
| Security Costs | 25,820 | ||||
| Insurance | 2,951 | ||||
| Premise costs | 4,208 | ||||
| Repairs &Maintenance | 7,483 | ||||
| Cleaning | 14,083 | ||||
| Hire ofEquipment | 671 | ||||
| Telecommunications | 1,546 | ||||
| Office &Travelling | Expenses | 7,548 | |||
| Computer software, |
Consumables | &Maintenance | 1,951 | ||
| Entertainment licenses |
11,182 | ||||
| Bank Charges | 5,295 | ||||
| 532,203 | |||||
| Share ofsupport costs (see note | 6) | 1,271 | |||
| Share ofgovernance | costs (see | note 6) | 13,103 | ||
| 546,577 | |||||
| Analysis by fund |
|||||
| Unrestricted funds |
470,577 | ||||
| Restricted funds | 76,000 | ||||
| 546,577 |
| Support | Governance | 2022 | ||||
|---|---|---|---|---|---|---|
| costs | costs | |||||
| 6 | 6 | |||||
| Accountacy | and payroll costs | 1,271 | 1,271 | |||
| Independent | Examination | fees | 2,750 | 2,750 | ||
| Legal &Professional | Fees | 9,832 | 9,832 | |||
| Trustee Expenses | 521 | 521 | ||||
| 1,271 | 13,103 | 14,374 | ||||
| Analysed between |
||||||
| Charitable | activities | 1,271 | 13,103 | 14,374 |
| The average | monthly number ofemployees during th |
e period was: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| 30 | |||
| Employment | costs | 2022 | 2021 |
| 6 | |||
| Wages and salaries | 111,257 | ||
| Social security costs | 8,363 | ||
| Other pension costs | 2,207 | ||
| 121,827 |
| Intangible fixed assets |
|||
|---|---|---|---|
| Goodwlg | Total | ||
| 8 | 5 | ||
| Cost | |||
| At 1 January 2022 | |||
| NBVTransfer from CIC | 11,085 | 2,213 | 13,298 |
| At 31 December 2022 | 11,085 | 2,213 | 13,298 |
| Amortisatlon and impairment |
|||
| At 1 January 2022 | |||
| Amortisation charged for the period |
528 | 413 | 941 |
| At 31 December 2022 | 528 | 413 | 941 |
| Carrying amount |
|||
| At 31 December 2022 | 10,557 | 1,800 | 12,357 |
| At 31 December 2021 |
| Tangible fixe | d assets | ||||||
|---|---|---|---|---|---|---|---|
| Freehold land |
Plant and | Fixtures and | Computers | Total | |||
| and buildings | equipment | fittings | |||||
| 8 | 8 | 8 | 8 | ||||
| Cost | |||||||
| NBVTransfer | from CIC | 444,916 | 53,539 | 46,437 | 8,816 | 553,708 | |
| At 31 December 2022 | 444,916 | 53,539 | 46,437 | 8,816 | 553,708 | ||
| Depreciation | and impairment | ||||||
| Depreciation | charged | in the period | 2,429 | 2,902 | 551 | 9,228 | |
| At 31 December 2022 | 2,429 | 3,346 | 2,902 | 551 | 9,228 | ||
| Carrying amount |
|||||||
| At 31 December 2022 | 442,487 | 50,193 | 43,535 | 8,265 | 544,480 |
| 13 | Debtors | |||||
|---|---|---|---|---|---|---|
| Amounts falling due |
within one year: | 2022f | 2021 | |||
| Trade debtors | 62,272 | |||||
| Other debtors | 4,961 | |||||
| Prepayments | and accrued income | 19,690 | ||||
| 86,923 | ||||||
| 14 | Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| Notes | 6 | |||||
| Bank loans | 16 | 47,427 | ||||
| Other taxation | and social security | 20,447 | ||||
| Trade creditors | 66,265 | |||||
| Other creditors | 1,261 | |||||
| Accruals and deferred | income | 3,300 | ||||
| 138,700 | ||||||
| 15 | Creditors: amounts | falling due after more than one year | ||||
| 2022 | 2021 | |||||
| Notes | F | 5 | ||||
| Bank loans | 16 | 29,507 | ||||
| 16 | Loans and overdrafts | |||||
| 2022 | 2021 | |||||
| 6 | ||||||
| Bankloans | 76,934 | |||||
| Payable within |
one year | 47,427 | ||||
| Payable aRer | one year | 29,507 |
| Movement | Movement | in funds | ||||
|---|---|---|---|---|---|---|
| in funds | ||||||
| Incoming | Balance at | Incoming | Resources | Balance at | ||
| resources1 | January 2022 | resources | expended | 31 December | ||
| 2022 | ||||||
| 6 | ||||||
| Welsh | Government | 75,000 | (75,000) | |||
| PRS | 1,000 | (1,000) | ||||
| 76,000 | (76,000) |
| Movement | |||||
|---|---|---|---|---|---|
| ln funds | |||||
| Incoming | Balance at | Transfers | Balance at | ||
| resources1 | January 2022 | 31 December | |||
| 2022 | |||||
| 6 | 6 | ||||
| Intangible | Fixed Assets | 12,357 | 12,357 | ||
| Tangible | Fixed Assets | 544,480 | 544,480 | ||
| 556,837 | 556,837 |
| 19 | Analysis | ofnet assets between funds | ofnet assets between funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total Unrestricted | ||||||
| funds | funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||||
| 6 | 6 | 6 | 6 | 6 | |||||
| Fund balances at 31 December | |||||||||
| 2022 are | represented | by: | |||||||
| Intangible | fixed assets | 12,357 | 12,357 | ||||||
| Tangible | assets | 544,480 | 544,480 | ||||||
| Current | assets/(liabilities) | 313,647 | 313,647 | 395,000 | |||||
| Long term liabilities | (29,507) | (29,507) | |||||||
| 284,140 | 556,837 | 840,977 | 395,000 |
| 21 | Cash generated | from | operations | operations | 2022 | 2021 | |
|---|---|---|---|---|---|---|---|
| 6 | 6 | ||||||
| Surplus for the period | 445,977 | 395,000 | |||||
| Adjustments for: |
|||||||
| Depreciation and |
impairment | oftangible fixed assets | 10,169 | ||||
| Movements in working |
capital: | ||||||
| (Increase) in stocks | (21,431) | ||||||
| (Increase) in debtors | (86,923) | ||||||
| Increase in creditors |
91,273 | ||||||
| Cash generated | from | operations | 439,065 | 395,000 | |||
| 22 | Analysis ofchanges | in net | funds | ||||
| At 1 January | Cash flows | At 31 December | |||||
| 2022 | 2022 | ||||||
| 6 | |||||||
| Cash at bank and | in hand | 395,000 | (51,007) | 343,993 | |||
| Loans falling due | within | one | year | (47,427) | (47,427) | ||
| Loans falling due | after | more | than one year | (29,507) | (29,507) | ||
| 395,000 | (127,941) | 267,059 |