2022-12-31-accounts - Royal Cambrian Academy Of Art

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REGISTERED COMPANY NUMBER: 00496469 (England and Wales)
REGISTERED CHARITY NUMBER: 219648

Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022

for

Royal Cambrian Academy Of Art
(A Company Limited by Guarantee)

J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Royal Cambrian Academy Of Art

Contents of the Financial Statements
for the Year Ended 31 December 2022

	`Page`
`Report of the Trustees`	`1 to 7`
`Independent Examiner's Report`	`8`
`Statement of Financial Activities`	`9`
`Balance Sheet`	`10`
`Notes to the Financial Statements`	`11 to 15`
`Detailed Statement of Financial Activities`	`16 to 17`

Royal Cambrian Academy Of Art

`Report of the Trustees`

`for the Year Ended 31 December 2022`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31December2022.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Thanksare extendedto all RCA Councilmembersfor theirtime and contributionto the continuingsuccess of
theacademy.Councilhascontinuedreviewingourgovernanceprocedures,finances,andour budgeting
strategy.TheofficestaffandEducationCo-ordinatorarerecognisedformaintainingourroleasa respected
academyandexhibitingvenueandformeetingtheday-to-daychallenges,oftenroutineandmundane, with
such enthusiasm and energy.

`OBJECTIVES AND ACTIVITIES`

`Objectives and activities`

The aims and objectives of the company are:

- to promote the arts of painting, engraving, sculpture, architecture and other forms of arts in Wales

-topromoteinformationonsubjectsrelatingtoartbylectures,discussions,correspondencewith public
bodies and individuals or otherwise and by the provision of reference and other libraries

-toprovideroomsandotherfacilitiesfortheholdingandconductingofexhibitions,classes,meetings and
other like matters

- to encourage the study of art and for that purpose award prizes or other rewards or distinctions.

There has been no change to these during the year.

ThemembersoftheCouncilhavepaiddueregardtoguidanceissuedbytheCharityCommissionon public
benefit when reviewing the charity's aims and objectives and planning future activities.

Page 1

Royal Cambrian Academy Of Art

for the Year Ended 31 December 2022

`Report of the Trustees`

`OBJECTIVES AND ACTIVITIES`

`Events 2022`

The RoyalCambrianAcademynew membersapplicationprocesscontinuedto allowforsocialdistancing and
Covidregulationsduring2022.CouncilmeetingswereheldusingaZoomfacility-thispractice allowed
CouncilmemberslivingindistantpartsofWalestoparticipate,whileassuringtheCovidsafetyof the
Council.Thisprocesshascontinuedtothepresent(post-Covid)asapracticalmeansofmaintaining the
widest possible geographical inclusion of members.

The following new members were elected at the AGM in 2022 as Associate Members

Adam Taylor
Nigel Morris
Michelle Woodward
Artists elected under Article 14 during 2022
Alec Shepley
Gerda Roper
Death notifications in 2022-
Maurice Greenwood
Ivor Richards
Dave Merrills
Exhibitions

The Gallery held a total of eight Exhibitions during 2022.

ANNUAL OPEN EXHIBITION
ARTISTS AND MAKERS OF CONWY/NEW MEMBERS
CONTEMPLATIONS MICK BROWN
PAPER AFTER ALL
ANNUAL SUMMER EXHIBITION
ABERYSTWYTH 3/NORTH WALES PHOTOGRAPHIC SOCIETY
A HIND/P MCPARLIN/DAVID BRIGHTMORE
ANNUAL WINTER EXHIBITION

`Education`

TheRoyalCambrianAcademy'sdeliveryofitsvaried,lively,andhigh-qualityprogrammeof education
classes,workshopsandeventswashamperedbythecontinuationofthepandemicand subsequent
restrictions,withsocialdistancingmeaningface-to-faceinstructionanddebatehadtobehalteredat various
stagesthroughouttheyear.The gallerywasabletoresumeface-to-facelifedrawingclassesandwe started to
workagainwithlocalschools.ThegalleryreceivedseveraltripsfromAberconwyHighSchool.We also
workedwith schoolson the PorthY FelinProjectand NationalTrustWalesfor projectson Aberconwy House.
Fundingfor Art in a bag in conjunctionwith Conwy Connectwas also completed.SummerArt schoolwas  also
completedduringthesummerholidaysforafive-weekperiodandalsoBabyARTClubforaseriesof four
sessions.We alsocompletedanotheryearfacilitatingworkshopsfundedby Gwynty Morforandon behalf of
DAC /ConwyConnect,providinga safespaceforadultswithlearningdisability.The galleryalsohelda series
of mindfulness classes, once a month over a six month period.

`Staffing`

As at December 2022 staff at the Royal Cambrian Academy were as follows:

Helen Thornton Gallery Manager (appointed January 2022)
Nadine Carter-Smith - Education Co-ordinator
Tim Dickinson - Digital & Social Media Development Technician
Bryony Williams- Gallery Assistant
Rosemary Sharman - Gallery Assistant

Wearegreatlyindebtedtoourvolunteerswhogivefreelytheirtimeandenergyinavarietyoftasksin the
gallery.  Without their contribution the work of the Royal Cambrian Academy would be much diminished.

Page 2

Royal Cambrian Academy Of Art

for the Year Ended 31 December 2022

`Report of the Trustees`

`STRATEGIC REPORT`

`Achievement and performance`

`Charitable activities`

The RoyalCambrianAcademyplaysan activepartin the localcommunityandin the visualartsin Wales and
beyond.The programmeof exhibitionsaims to engagepeopleof all levelsand ages in the arts.A large number
ofparticipantsinoureducationworkshops/sessionsareWelshspeaking.Weensurethatwherepossible our
workshop facilitators are bilingual.

Intheearlypartof2022,theplannedprogrammeofworkshopsandlecturesforschoolsandthe general
publicwasinitiated.EngagementwiththelocalHighSchoolwasprominentduring2022. Workshops
resumedbackinthegalleryalthoughparticipationnumberswerelowduringtheearlypartoftheyear due
confidence since restrictions from Covid had been lifted. These numbers did increase as the year progressed.

`Financial review`

The charitymaintaineda reservepolicyandaimedto maintainan unrestrictedfundof cashequivalentto the
currenttwomonthsrunningcosts.Thegallerywillendeavourtoincreasethisamounttotheequivalent of
four months running costs.

The Trustees have every confidence in the charity's ability to continue as a going concern.

Intheseadversetimes,theRoyalCambrianAcademyreceivedasmallamountoffundingfrom Conwy
CouncilandConwyTownCouncil.Fundingstillremainsanissueforthegalleryandreceiveslittle support
from Art Council Wales.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Structure, governance and management`

TheRoyalCambrianAcademyofArtisacharitableorganisationwithlimitedcompanystatus.Its principal
activitiesaretheprovisionofartexhibitions,functionsandlecturesconnectedwithartandallied subjects.
The companyis limitedby guarantee,not havinga sharecapital,is a registeredcharityand is governedby  the
Memorandum and Articles of the company.

`Recruitment and appointment of trustees`

Noneofthemembersofthecouncilhasanybeneficialinterestinthecompany.Allthemembersof the
Council are members of the company and guarantee to contribute £1 in the event of a winding up.

Trusteescomefromvariousbackgroundswithavarietyofskillsandnewlyappointedtrusteesundergo an
inductiontotheobjectives,scopeandpolicesofthecharityanda skillsanalysistoassesstheirstrengths and
weaknesswhichmayrequirefurthertraining.Basictrainingis undertakenby existingstaffmembersand any
additional training requirements are assessed upon an ad hoc basis.

AllnewtrusteesareprovidedwithCharityCommissionguidelinesinrelationtotheirresponsibilities in
respect of the operation of the organisation.

Trustees do not receive any benefits.

`Organisational structure`

The businessof the charityis managedby trustees.Appointmentsare made at the AnnualGeneralMeeting in
accordancewiththeMemorandumandArticlesofthecharity.Trusteesareresponsiblefordeveloping the
charity'spolicystructure,andensuringthatthecharityismanagedeffectively.Theaimistosecure the
welfare of the charity, thus enabling the work to continue in future.
Theboardmet10timesduring2022.Additionalmeetingsmaybeconvenedshouldtheneedarise. The
trusteesmayappointoneormoresub-committeesinaccordancewiththeMemorandumandArticlesof the
company. The gallery currently has a Curatorial Sub Committee consisting of three RCA Members.

Page 3

Royal Cambrian Academy Of Art

for the Year Ended 31 December 2022

`Report of the Trustees`

`STRUCTURE, GOVERNANCE AND MANAGEMENT Areas of risk to the organisation`

Thetrusteesanticipatethatthemajorriskisthelackofsalesandfunding.Inordertomitigatetherisk, the
charityensuresthatfundsarespentinaccordancewiththeguidancegiven,regularreportsaresubmitted to
externalfunders,detailingdevelopmentsduringthespecifiedperiod.Inaddition,theexternal funders
annually inspect the records to ensure the grant conditions are adhered to.
Inordertoeliminatethisrisk,severalapplicationsforfundingwillbemadetoseekstabilityfor the
organisation,althoughareassuchasfundingforstaffingorforthefabricofthebuildingareverydifficult to
find.

TheRoyalCambrianAcademyhadpreviouslywishedtolookatsponsorshipproposals,butwith an
impending cost of living crisis this has been postponed for the time being.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`

00496469 (England and Wales)

`Registered Charity number`

`Registered office`

The Royal Cambrian Academy
Crown Lane
Conwy
LL32 8AN

`Trustees`

J Yates - (appointed 6.4.02)
Ms G Thomas (appointed 20.6.17)
Ms S Gathercole (appointed 15.6.19) (resigned 24.9.22)
Ms J Gardner (appointed 20.5.17) (resigned 24.9.22)
Ms A Lewis - President (appointed 15.6.19)
Dr C Thomas (appointed 15.6.19)
J Hedley (appointed 15.6.19)
Ms L Morgan (appointed 15.12.20)
Ms J Ostle (appointed 15.12.20)
A Smith (appointed 15.12.20)
Ms E Stanley (appointed 22.6.21)
Ms S Nugent Artist (appointed 24.9.22)

`Independent Examiner`

J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

`FUNDS HELD AS CUSTODIAN FOR OTHERS`

There are no Funds held as a custodian trustee on behalf of others to be reported.

Page 4

Royal Cambrian Academy Of Art

`Report of the Trustees`

for the Year Ended 31 December 2022

`ACADEMICIANS 2022`

Keith Andrews
Gerry Ball
Lesley Barker
Karina Rosanne Barrett
David Barron
John Baum
Bev Bell Hughes
Sonja Benskin-Mesher
David Bower
Ann Bridges
David Brightmore
Mick Brown
Malcolm Brookes
Jess Bugler
Cefyn Burgess
Lynne Cartlidge
David Chapman
Austin Cole
Howard Cole
Graham Cox
Paul Croft
Barry Davies
Gareth Hugh Davies
Gerald Dewsbury
George Drought
Heather Eastes
Malcolm Edwards
Peter Edwards
Ann Catrin Evans
Richard Gant
Jan Gardner
Keith Gardner
Susan Gathercole
Eluned Tudor Grant
Maurice Greenwood
Daisy Wyn Griffith
David Griffith
Mary Griffiths
Noelle Griffiths
John Hedley
Diana Heeks
Graham Hemborough
Clive Hicks Jenkins
Audrey Hind
Harry Holland
Peter Holloway
Chloe Holt
David Humphreys
Maggie Humphry
Phillipa Jacobs
Ben Johnson
David Jones
Elfyn Jones
Julia Jones
Paul Joyner
Mike Knowles
Christine Kowal Post
Diane Lawrenson
Ann Lewis

Page 5

Royal Cambrian Academy Of Art

`Report of the Trustees`

`for the Year Ended 31 December 2022`

Susan Liggett
David Lloyd Griffiths
Mary Lloyd Jones
Sally Matthews
Wendy Mayer
Flora McLachlan
Patricia McParlin
Eleri Mills
Louise Morgan
Barry Morris
Glen Morris
David Mortimer Jones
Ann Mumford
Gareth Nash
Robert Newell
Ondre Nowakowski
Alan Palmer
Emrys Parry
Rob Percy
Elaine Preece Stanley
Joy Ravenscroft
Pea Restall
Shani Rhys James
Harry Robertson
Wil Rowlands
Malcolm Ryan
Alan Salisbury
Colin See-Paynton
Bob Shires
Andrew Smith
John Smout
Ceri Thomas
Gilly Thomas
Ruth Thomas
Mo Vyse
Nicole Wakefield
Peter Welford
Meri Wells
Stephen West
Catrin Williams
Ian Williams
Vivienne Williams
Bronwen Williams Ellis
David Williams Ellis
Matthew Wood
David Woodford
Jeremy Yates
Daniel Yeomans
Gerda Roper
Alec Shepley
Adam Taylor ARCA
Nigel Morris ARCA
Michelle Woodward ARCA

Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,as the
company directors, on 20 September 2023 and signed on the board's behalf by:

Page 6

Royal Cambrian Academy Of Art

`Report of the Trustees`

for the Year Ended 31 December 2022

Ms A Lewis - Trustee

Page 7

Independent Examiner's Report to the Trustees of

`Royal Cambrian Academy Of Art`

`Independent examiner's report to the trustees of Royal Cambrian Academy Of Art ('the Company')`

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2022.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').

Havingsatisfiedmyselfthattheaccountsof theCompanyarenotrequiredtobe auditedunderPart16 of the
2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarrying out
myexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b) of
the 2011 Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with
the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

C E Davies

J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

20 September 2023

Page 8

Royal Cambrian Academy Of Art

`Statement of Financial Activities`

`for the Year Ended 31 December 2022`

`Notes` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `Charitable activities` `Charitable activities` `Other trading activities` `2` `Investment income` `3` `Total` `EXPENDITURE ON` `Raising funds` `Charitable activities` `Charitable activities` `Total` `NET INCOME/(EXPENDITURE)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `TOTAL FUNDS CARRIED FORWARD`	`Unrestricted` `funds` `£` `21,113` `21,455` `40,911` `83` `83,562` `4,173` `119,026` `123,199` `(39,637)` `118,597` `78,960`	`Restricted` `fund` `£` `6,000` `-` `-` `-` `6,000` `-` `6,000` `6,000` `-` `-` `-`	`31.12.22` `Total` `funds` `£` `27,113` `21,455` `40,911` `83` `89,562` `4,173` `125,026` `129,199` `(39,637)` `118,597` `78,960`	`31.12.21` `Total` `funds` `£` `59,597` `19,151` `40,527` `5`
				`119,280`
				`4,605` `108,295`
				`112,900`
				`6,380` `112,217`
				`118,597`

The notes form part of these financial statements

Page 9

Royal Cambrian Academy Of Art

`Balance Sheet`

`31 December 2022`

`Notes` `FIXED ASSETS` `Tangible assets` `7` `CURRENT ASSETS` `Stocks` `8` `Debtors` `9` `Cash at bank and in hand` `CREDITORS` `Amounts falling due within one year` `10` `NET CURRENT ASSETS` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `NET ASSETS` `FUNDS` `11` `Unrestricted funds` `TOTAL FUNDS`	`Unrestricted` `funds` `£` `4,805` `500` `3,738` `72,170` `76,408` `(2,253)` `74,155` `78,960` `78,960`	`Restricted` `fund` `£` `-` `-` `-` `1,525` `1,525` `(1,525)` `-` `-` `-`	`31.12.22` `Total` `funds` `£` `4,805` `500` `3,738` `73,695` `77,933` `(3,778)` `74,155` `78,960` `78,960` `78,960` `78,960`	`31.12.21` `Total` `funds` `£` `5,343` `500` `1,107` `113,388` `114,995` `(1,741)` `113,254` `118,597` `118,597` `118,597` `118,597`

The charitablecompanyis entitledto exemptionfrom auditunderSection477 of the CompaniesAct 2006 for
the year ended 31 December 2022.

The membershave notrequiredthe companyto obtainan auditof its financialstatementsforthe year ended
31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
20 September 2023 and were signed on its behalf by:

A Lewis - Trustee

The notes form part of these financial statements

Page 10

Royal Cambrian Academy Of Art

Notes to the Financial Statements
for the Year Ended 31 December 2022

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1 January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto  the
funds, it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedto the category.Where costscannotbe directlyattributedto particularheadingsthey have  been
allocated to activities on a basis consistent with the use of resources.

`Tangible fixed assets`

Depreciationis providedat the followingannualratesin orderto write off each assetover its  estimated
useful life.

Fixtures and fittings- 15% on reducing balance
Computer equipment- 15% on reducing balance

`Stocks`

Stocksare valuedat the lowerof costandnetrealisablevalue,aftermakingdue allowancefor obsolete
and slow moving items.

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

Further explanation of the nature and purpose of each fund is included in the Trustees Report.

TherestrictedfundisforworkshopsfundedbyGwyntyMorforandonbehalfofDAC /Conwy
Connect, providing a safe space for adults with learning disability

`Hire purchase and leasing commitments`

RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesona straight
line basis over the period of the lease.

`Pension costs and other post-retirement benefits`

The charitablecompanyoperatesa definedcontributionpensionscheme.Contributionspayableto  the
charitablecompany'spensionschemeare chargedto the Statementof FinancialActivitiesin the  period
to which they relate.

continued...

Page 11

Royal Cambrian Academy Of Art

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

`2. OTHER TRADING ACTIVITIES`

`Commission on art sales` `Books, catalogues, cards, posters, prints and craft` `Sundry shop sales and room hire` `Exhibition fees` `INVESTMENT INCOME` `Deposit account interest` `NET INCOME/(EXPENDITURE)` `Net income/(expenditure) is stated after charging/(crediting):` `Depreciation - owned assets` `Other operating leases`	`31.12.22` `£` `21,915` `12,878` `600` `5,518` `40,911` `31.12.22` `£` `83` `31.12.22` `£` `848` `100`	`31.12.21` `£` `22,873` `13,406` `-` `4,248`
		`40,527`
		`31.12.21` `£` `5` `31.12.21` `£` `942` `100`

`3.`

`4. NET INCOME/(EXPENDITURE)`

`5. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022nor for
the year ended 31 December 2021.

`Trustees' expenses`

There were no trustees expenses paid during the year ended 31 December 2022 or 31 December 2021.

`6. STAFF COSTS`

The average monthly number of employees during the year was as follows:

	`31.12.22`	`31.12.21`
`Governance and education`	`6`	`7`

No employees received emoluments in excess of £60,000.

continued...

Page 12

Royal Cambrian Academy Of Art

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

`7.` `TANGIBLE FIXED ASSETS` `Improvements` `Fixtures` `to` `and` `property` `fittings` `£` `£` `COST` `At 1 January 2022` `490,566` `20,785` `Additions` `-` `310` `At 31 December 2022` `490,566` `21,095` `DEPRECIATION` `At 1 January 2022` `490,566` `19,026` `Charge for year` `-` `310` `At 31 December 2022` `490,566` `19,336` `NET BOOK VALUE` `At 31 December 2022` `-` `1,759` `At 31 December 2021` `-` `1,759` `8.` `STOCKS` `Stocks` `9.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Tax and social security` `10.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade creditors` `Other creditors` `Accrued expenses` `11.` `MOVEMENT IN FUNDS` `At 1.1.22` `£` `Unrestricted funds` `General fund` `118,597` `TOTAL FUNDS` `118,597`	`Computer` `equipment` `£` `22,570` `-` `22,570` `18,986` `538` `19,524` `3,046` `3,584` `31.12.22` `£` `500` `31.12.22` `£` `3,738` `31.12.22` `£` `-` `381` `3,397` `3,778` `Net` `movement` `in funds` `£` `(39,637)` `(39,637)`	`Totals` `£` `533,921` `310`
		`534,231`
		`528,578` `848`
		`529,426`
		`4,805`
		`5,343`
		`31.12.21` `£` `500` `31.12.21` `£` `1,107` `31.12.21` `£` `1` `-` `1,740` `1,741` `At` `31.12.22` `£` `78,960`
		`78,960`

continued...

Page 13

Royal Cambrian Academy Of Art

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

`11. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Gwynt Y Mor - Conwy Connect` `TOTAL FUNDS` `Comparatives for movement in funds` `Unrestricted funds` `General fund` `TOTAL FUNDS` `Comparative net movement in funds, included in the above a` `Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `83,562` `6,000` `89,562` `At 1.1.21` `£` `112,217` `112,217` `re as follows:` `Incoming` `resources` `£` `119,280` `119,280`	`Resources` `expended` `£` `(123,199)` `(6,000)` `(129,199)` `Net` `movement` `in funds` `£` `6,380` `6,380` `Resources` `expended` `£` `(112,900)` `(112,900)`	`Movement` `in funds` `£` `(39,637)` `-` `(39,637)` `At` `31.12.21` `£` `118,597` `118,597` `Movement` `in funds` `£` `6,380` `6,380`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 1.1.21` `£` `112,217` `112,217`	`Net` `movement` `in funds` `£` `(33,257)` `(33,257)`	`At` `31.12.22` `£` `78,960`
			`78,960`

continued...

Page 14

Royal Cambrian Academy Of Art

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

`11. MOVEMENT IN FUNDS - continued`

A currentyear12 monthsandprioryear12 monthscombinednetmovementin funds,includedin the
above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Gwynt Y Mor - Conwy Connect` `TOTAL FUNDS`	`Incoming` `resources` `£` `202,842` `6,000` `208,842`	`Resources` `expended` `£` `(236,099)` `(6,000)` `(242,099)`	`Movement` `in funds` `£` `(33,257)` `-` `(33,257)`

`12. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 December 2022.

Page 15

Royal Cambrian Academy Of Art

Detailed Statement of Financial Activities
for the Year Ended 31 December 2022

|INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts
Grants receivable for core activities; Arts
Council of Wales
Grants receivable; CCBC, Town Council
Grant receivable; Gwynt y Mor
Coronavirus Job Retention Scheme
Grant receivable; Bug Bunting
CTC Education
The Arts Society
Other trading activities
Commission on art sales
Books, catalogues, cards, posters, prints and
craft
Sundry shop sales and room hire
Exhibition fees
Investment income
Deposit account interest
Charitable activities
Education/art classes
Members fees and Members applications **Total incoming resources** **EXPENDITURE** **Other trading activities** Opening stock Fundraising trading costs - purchases Closing stock **Charitable activities** Office costs/education outgoings Prizes Exhibition costs and printing|31.12.22 £ 7,843 - 8,900 6,000 - - 1,500 2,870 27,113 21,915 12,878 600 5,518 40,911 83 8,330 13,125 21,455 89,562 500 4,173 (500) 4,173 11,676 1,100 2,487 15,263|31.12.21 £ 7,822 20,783 19,500 - 7,942 2,050 1,500 - 59,597 22,873 13,406 - 4,248 40,527 5 7,161 11,990 19,151 119,280 500 4,605 (500) 4,605 8,147 1,100 742 9,989`| |---|---|---|

This page does not form part of the statutory financial statements

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Royal Cambrian Academy Of Art

`Detailed Statement of Financial Activities for the Year Ended 31 December 2022`

`Detailed Statement of Financial Activities` `for the Year Ended 31 December 2022`
	`31.12.22`	`31.12.21`
	`£`	`£`
`Support costs`
`Management`
`Staff costs`	`82,570`	`69,767`
`Pensions`	`800`	`608`
`Rent`	`100`	`100`
`Rates and water`	`602`	`536`
`Insurance`	`3,262`	`3,013`
`Light and heat`	`3,150`	`3,993`
`Telephone`	`1,548`	`1,494`
`Stationery, printing & postage`	`3,394`	`3,564`
`Advertising`	`3,609`	`6,304`
`Sundries`	`458`	`456`
`Repairs and maintenance`	`4,539`	`2,627`
`Travel and transport`	`28`	`-`
`Professional fees`	`1,087`	`1,671`
`Accountancy fees`	`1,872`	`1,740`
`Bank charges and other charges`	`1,675`	`1,491`
`Staff training`	`221`	`-`
`Depreciation of tangible and heritage assets`	`848`	`942`
	`109,763`	`98,306`
`Total resources expended`	`129,199`	`112,900`
`Net (expenditure)/income`	`(39,637)`	`6,380`

This page does not form part of the statutory financial statements

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