2020-12-31-accounts - Royal Cambrian Academy Of Art

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	Page
Report ofthe Trustees	1 to	6
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes tothe Financial Statements	10 to	14
Detailed Statement ofFinancial Activities	15 to	16

for the Yea	r Ended 1December 2020
			31.12.20	31.12.19
			Unrestricted	Total
			funds	funds
		Notes		E
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		76&110	16&030
Charitable	activities
Charitable	activities		14&073	21,209
Other trading activities			21,156	44,481
Investment	income		62	223
Total			11»401	81,943
EXPENDITURE ON
Raising funds			3,561	6,661
Charitable	activities
Charitable	activities		65&253	7»059
Total			68,814	77&72o
NETINCOME			42,587	4,223
RECONCILIATION OFFUNDS
Total funds brought forward			69&63o	65,4o7
TOTAL FUNDS CARRIED FORWTARD			112,217	69,63o

Ro al Cambrian Academ OfArt
Balance Sheet
1December 2020
		31.12.20	31.12.19
		Unrestricted	Total
	Notes	funds f	funds f
FIXEDASSETS
Tangible assets		2&069	2&434
CURRENT ASSETS
Stocks		500	500
Cash at bank and in hand		113,617	68,101
		114&117	68,6oi
CREDITORS
Amounts falling due within one year		(3&969)	(1,405)
NET CURRENT ASSETS		110,148	67,196
TOTALASSETSLESSCURRENT
LIABILITIES		112&217	69,63o
NETASSETS		112&217	69,63o
FUNDS	10
Unrestricted funds		112&217	69,63o
TOTAL FUNDS		112,217	69&630

for t	he Year Ended 1December 2020	he Year Ended 1December 2020
2.	OTHER TRADING ACITVITIES
			31.12.20	31.12.19
	Commission on art sales		6,637	26,793
	Books, catalogues, cards,	posters, prints and craft	6,ooo	121169
	Sundry shop sales and room hire			»950
	Exhibition fees			2,895
	Fundraising income		8,519	674
			2»156	44,481
3.	INVESTMENT INCOME
			31.12.20	31.12.19
			E
	Deposit account interest		62	223
4.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
			31.12.20	31.12.19
			E	E
	Depreciation —owned assets		365	429
	Other operating leases		100	125

The average	mon	thly number ofemployees during t	he year was as follows:
			31.12.20	31.12.19
Governance	and	education	6	5

for th	e Year Ended 1December 2020	e Year Ended 1December 2020
	TANGIBLE FIXEDASSETS
			Improvements	Fixtures
			to	aiid	Computer
			property	fittings	equipment	Totals
				E
	COST
	At 1January 2o2o and
	31December 2020		490,566	20)785	18,354	529,705
	DEPRECIATION
	At 1January 2020		490,566	18,351	18,354	527)271
	Charge foryear			365		365
	At 31December	2020	490,566	18,716	18,354	527,636
	NET BOOKVALUE
	At 31December	2020		2&069		2,069
	At 31December	2019		2&434		2)434
8.	STOCKS
					31.12.20 f	31.12.19 E
	Stocks				500	500
9.	CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR
					31.12.20 E	31.12.19 f
	Social security and other taxes				1)089	25
	Accrued expenses				2,88o	1,38o
					3,969	1)405
1o.	MOVEMENT	IN FUNDS
					Net
					movement	At
				At 1.1.20	in funds	31.12.20
					f.	E
	Unrestricted	funds
	General fund			69,63o	42,587	112&217
	TOTAL FUNDS			69,63o	42,587	112,217
	Net movement	in funds, included in the	above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
						E
	Unrestricted	funds
	General fund			111)401	(68,814)	42,587
	TOTAL FUNDS			111,401	(68,814)	42,587

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			81,943	(7772o)	4&223
TOTAL FUNDS			81,943	(77,72o)	4&223
Acurrent year	12months	and prior year 12months	combined position is as follows:
				Net
				movement	At
			At 1.1.19 f	in funds	31.12.20 E
Unrestricted	funds
General fund			65Ao7	46,81o	112&217
TOTAL FUNDS			65,4o7	46,810	112&217

for the Year Ended 1December 20	20
		31.12.20	31.12.19
INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts		5&150	8,430
Grants receivable for core activities;	Arts
Council ofWales		2o,484
Grants receivable; CCBC,Town Council		30431	5&000
Grant receivable; Gwynt yMor		5,000	2,600
Coronavirus Job Retention Scheme		15&045
		76,110	16&030
Other trading activities
Commission on art sales		6,637	26,793
Books, catalogues, cards, posters, prints and
craft		6,ooo	12,169
Sundry shop sales and room hire			1,950
Exhibition fees			2,895
Fundraising income		8&519	674
		21,156	44,481
Investment income
Deposit account interest		62	223
Charitable activities
Education/art classes		2&493	10,244
Members' fees and Members applications		11,580	10,965
		14&073	21&209
Total incoming resources		111&401	81,943
EXPENDITURE
Other trading activities
Opening stock		500	500
Fundraising trading costs —purchases		3,561	6,661
Closing stock		(500)	(500)
		3,561	6,661
Charitable activities
Office costs/education outgoings		1,326	6,426
Prizes		300	200
Exhibition costs and printing		350	176
		1,976	6,8o2
Support costs
Management
Staffcosts		43&493	41,611
Carried forward		43493	41,611

Detailed Statement ofFinancial Activities for the Year Ended 1December 2020
	31.12.20	31.12.19
Management
Broughtforward	437493	41,611
Pensions	219	288
Rent	100	125
Rates and water	403	691
Insurance	2,920	3,666
Light and heat	4,488	4,186
Telephone Stationery, printing 5postage	17189 1&351	817 1,586
Advertising	6oo	2&070
Sundries	131	658
Repairs and maintenance	4,669	2,736
Travel and transport	13	5o6
Professional fees	965	2&169
Accountancy fees	17500	1,380
Bank charges and other charges	821	1&339
Stafftraining	50
Depreciation oftangible and heritage assets	365	429
	63,277	64,257
Total resources expended	68,814	77&72o
Net income	42,587	4&223