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





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|for the Yea|r Ended<br>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|





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|Ro al Cambrian<br>Academ<br>OfArt||||
|---|---|---|---|
|Balance Sheet||||
|1December 2020||||
|||31.12.20|31.12.19|
|||Unrestricted|Total|
||Notes|funds<br>f|funds<br>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<br>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<br>funds||112&217|69,63o|
|TOTAL FUNDS||112,217|69&630|





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|for t|he Year Ended<br>1December 2020|he Year Ended<br>1December 2020|||
|---|---|---|---|---|
|2.|OTHER TRADING ACITVITIES||||
||||31.12.20|31.12.19|
||Commission<br>on art sales||6,637|26,793|
||Books, catalogues,<br>cards,|posters, prints and craft|6,ooo|121169|
||Sundry shop sales and room hire|||»950|
||Exhibition fees|||2,895|
||Fundraising<br>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<br>—owned assets||365|429|
||Other operating leases||100|125|



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





|for th|e Year Ended<br>1December 2020|e Year Ended<br>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<br>f|31.12.19<br>E|
||Stocks||||500|500|
|9.|CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR||||||
||||||31.12.20<br>E|31.12.19<br>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|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.19|in funds|31.12.19<br>f|
|Unrestricted|funds||||
|General fund||65,4o7|4,223|69,630|
|TOTAL FUNDS||65,4o7|4&223|69,63o|



||||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<br>f|in funds|31.12.20<br>E|
|Unrestricted|funds|||||
|General fund|||65Ao7|46,81o|112&217|
|TOTAL FUNDS|||65,4o7|46,810|112&217|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources<br>f|expended|in funds|
|Unrestricted|funds||||
|General fund||193&344|(146,534)|46,810|
|TOTAL FUNDS||193,344|(146,534)|46,810|





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|for the Year Ended<br>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;<br>Gwynt yMor||5,000|2,600|
|Coronavirus<br>Job Retention Scheme||15&045||
|||76,110|16&030|
|Other trading activities||||
|Commission<br>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<br>income||8&519|674|
|||21,156|44,481|
|Investment<br>income||||
|Deposit account interest||62|223|
|Charitable<br>activities||||
|Education/art<br>classes||2&493|10,244|
|Members'<br>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<br>trading costs —purchases||3,561|6,661|
|Closing stock||(500)|(500)|
|||3,561|6,661|
|Charitable<br>activities||||
|Office costs/education<br>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|





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|Detailed Statement ofFinancial Activities<br>for the Year Ended<br>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<br>Stationery, printing 5postage|17189<br>1&351|817<br>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<br>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|