``` 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`** ``` 219648 ``` ## **`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 ``` ``` Page 16 ``` ``` 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 ``` ``` Page 17 ```