OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Page
Trustees'
report		 1-to
Statement oftrustees' responsibilities
Independent
examiner's
report		 12
Statement
offinancial		 activities 13
Balance sheet 14-15
Statement
ofcash flows		 16
Notes to the financial statements 17-36

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2021
6		 2021
8		 2021
8		 2020f 2020f 2020
8
Donations and legacies 968 968 2,033 2,033
Charitable
activities		 327,257 219,060 546,317 376,681 122,927 499,608
Other trading
activities		 7,498 7,498 7,205 7,205
Investments 159 159 345 345
Other income 39,228 39,228 19,769 19,769
Total income 375,110 219,060 594,170 406,033 122,927 528,960
Emgndittt~g;
Charitable
activities		 373,596 159,343 532,939 375,949 137,247 513,196
Net income for the year/
Net movement in funds 1,514 59,717 61,231 30,084 (14,320) 15,764
Fund balances at 1
April 2020 421,816 16,844 438,660 391,732 31,164 422,896
Fund balances at 31
March 2021 423,330 76,561 499,891 421,816 16,844 438,660

2021 2020
Notes 6 6
Fixed assets
Intangible assets 12 4,730 5,280
Tangible assets 13 182,303 180,000
187,033 185,280
Current assets
Stocks 14 70 70
Debtors 15 118,051 169,379
Cash at bank and in hand 221,364 118,352
339,485 287,801
Creditors: amounts falling due within
one year 16 (26,627) (34,421)
Net current assets 312,858 253,380
Total assets less current liabilities 499,891 438,660
Income funds
Restricted funds 18 76,561 16,844
~nr atrr'g~ltgda
Designated
funds		 19 420,033 418,280
General
unrestricted		 funds 3,297 3,536
423,330 421,816
499,891 438,660

2021 2020
Notes 6 6
Cash flows from operating activities
Cash generated from/(absorbed
by)		 24
operations 115,260 (93,434)
Investing activities
Purchase oftangible fixed assets (12,407) (3,959)
Investment income received 159 345
Net cash used in investing activities (12,248) (3,614)
Net cash used in financing activities
Net increase/(decrease)
in		 cash and cash
equivalents 103,012 (97,048)
Cash and cash equivalents at beginning ofyear 118,352 215,400
Cash and cash equivalents atend of year 221,364 118,352

2021 2020
6 6
Class fees 6,064 35,489
Full time course fees 51,671 42,268
Outreach
income		 14,494 39,265
Grants 469,339 294,192
Boxoffice and studio rentals 533 27,192
Consultancy,
training		 and other 4,216 61,202
546,317 499,608
Analysis
by fund
Unrestricted
funds		 327,257 376,681
Restricted funds 219,060 122,927
546,317 499,608
Grants
Arts Council ofWales - revenue funding 196,749 194,608
Arts Council ofWales - other 17,082 29,658
National
Lottery Awards		 for All Wales 8,684 9,948
Age UK 1,000
Arts 8 Business Cymru 4,000 6,000
Garfield Weston Foundation 52,000 6,500
Wales Millennium
Centre		 Charitable Trust 12,120
The Architectural
Heritage		 Fund 5,919
Children
in Need		 10,000 10,000
Lloyds Bank Foundation 18,444 7,645
The Austin and Hope Pilkington Trust 1,000
D M Thomas Foundation for Young People 1,000
The Oakdale Trust 1,000
The Gwendoline
and		 Margaret Device Charity 3,000
Masonic Benevolent Fund ofSouth Wales 1,650
Wesleyan
Foundation		 2,000
Cardiff Council 51,440 1,144
Cardiff Third Sector Council 3,530
Comic Relief 4,225
SirJules Thorn Trust 750
Community
Foundation		 in Wales 19,264
Groundwork
Wales		 500
Clothworkers
Federation		 2,480
IndependentAge 13,582
Vale Crisis Heros 2,100
Glamorgan
Voluntary		 Services 4,834
University
ofSouth Wales		 336
Margaret
and Gwendoline		 Device Trust 2,500
Welsh Government 36,550
Edgar Lawley Foundation 1,500

4 Charitable
activities		 Charitable
activities		 Charitable
activities		 (Continued)
Gibbs Charitable Trust 2,000
lyloondance Foundation 39,300
Cardiff Sport 2,106
Cardiff &Vale College (24,617)
469,339 294,192
5 Other trading activities
Unrestricted Unrestricted
funds funds
2021f 2020
Sale ofdancewear 16 33
Community
fundraising		 7,482 7,172
Other trading activities 7,498 7,205
6 Investments
Unrestricted Unrestricted
funds funds
2021 2020
5
Interest receivable 159 345
7 Other income
Unrestricted Unrestricted
funds funds
2021 2020
8 5
Theatre Tax Relief 39,228 19,769

2021 2020
6
Staff costs 272,530 255,101
Depreciation
and impairment		 7,990 5,786
Advertising,
marketing		 and publicity 6,238 7,118
Bank charges 606 481
General expenses 7,419 4,112
Insurance 2,570 3,411
Light and heat 3,845 4,575
Pdnting,
postage and		 stationery 1,579 2,989
Rates and water 339 2,102
Repairs and maintenance 6,587 5,694
Specific project expenses 16,208 29,119
Staff training 2,090 4,224
Telephone
and internet		 5,530 4,645
Travel and subsistence 18 7,660
333,549 337,017
Share ofsupport costs (see note 9) 171,745 171,015
Share ofgovernance costs (see note 9) 27,645 5,164
532,939 513,196
Analysis
by fund
Unrestricted
funds		 373,596 375,949
Restricted funds 159,343 137,247
532,939 513,196

9 Support costs
Support Governance 2021 Support Governance 2020
costs costs costs costs
6 6 5 8
Staff costs 156,808 156,808 153,416 153,416
Depreciation 2,663 2,663 1,929 1,929
Advertising
and publicity		 2,079 2,079 2,373 2,373
Bank charges 202 202 160 160
General expenses 2,473 2,473 1,371 1,371
Printing,
postage and
stationery 526 526 996 996
Property expenses 5,434 5,434 8,225 8,225
Travel and subsistence 6 6
Staff training 697 697 1,408 1,408
Insurance 857 857 1,137 1,137
Independent
examination
fees		 3,000 3,000 3,000 3,000
Legal and professional 24,645 24,645 2,164 2,164
171,745 27,645 199,390 171,015 5,164 176,179
Analysed
between
Charitable
activities		 171,745 27,645 199,390 171,015 5,164 176,179

The average monthly
number
ofemployees
during t		 he year was:
2021 2020
Number Number
Full time 11 11
Temporary/ term time 14 13
25 24
Employment costs 2021 2020
8 8
Wages and salaries 401,222 381,613
Social security costs 22,455 21,867
Other pension costs 5,661 5,037
429,338 408,517

Intangible
fi		 xed assets
Webslls
8
Cost
At 1 April 2020 and 31 March 2021 5,280
Amortisation and impairment
At 1 April 2020
Amortisation charged for the year 550
At 31 March 2021 550
Carrying
amount
At 31 March 2021 4,730
At 31 March 2020 5,280

13 Tangible fixed assets
Leasehold Assets under Plant snd
properties construction machinery
f
Cost
At 1 April 2020 324,765 14,283 68,249 407,297
Additions 12,407 12,407
At 31 March 2021 324,765 14,283 80,656 419,704
Depreciation
and impairment
At 1 April 2020 164,571 62,726 227,297
Depreciation
charged		 in the year 6,495 3,609 10,104
At 31 March 2021 171,066 66,335 237,401
Carrying
amount
At 31 March 2021 153,699 14,283 14,321 182,303
At 31 March 2020 160,194 14,283 5,523 180,000
14 Stocks
2021 2020
Finished goods and goods for resale 70 70
15 Debtors
2021 2020
Amounts
falling due		 within one year: 8 6
Trade debtors 6,075 73,470
Other debtors 104,444 91,823
Prepayments
and accrued income		 7,532 4,086
118,051 169,379

Creditor s: amo u nts
falling		 due within on e year
2021 2020
Notes 6
Other taxation and social security 19,661
Deferred income 4,459 5,850
Trade creditors 2,005 2,198
Other creditors 1,261 1,134
Accruals 18,902 5,578
26,627 34,421
Deferred income
2021 2020
6 6
Other deferred income 4,459 5,850
Deferred income is included in the financial statements as follows:
2021 2020
Balance brought forward 5,850 26,786
Income received 71,371 123,278
Amounts released (72,762) (144,214)
Balance carried forward
4,459 5,850
nl0
nl0
Cl.		 4
g
5
CI		 cv
O
V
In		 cll 0 'cl
N		 0
CI
IA		 I
I
I		 0
CI0
CL
El
I0e
CL
In
I0		 m'0
C		 4 'g
Cn		 N OO
0		 o cn
IA		 lo
N
N
'cl		 D
IA
I		 CD
N
C6		 I O
O
IA		 O
CO
N		 0
0
IA		 N
EA
IA		 O'g'Oft
IA
CD
c
CD
an
N		 CD O
D
CD		 I 0
0
O
N
c
m2c0
O
Tt		 C
nl
E
4I
0Z		 DI
C
E
0
c		 g
D
0
ln		 EII O
O
O
cC		 0
0
N		 N
CD
O
I		 IA
N
N
cC		 O
IA
I		 CD
N
Ol		 0
o
ICI		 O
co
W
N		 I N
49
IA
Cn		 O
I
o
IA
N		 'ct
' O
CD
o
CD
CO
N		 CD
cC		 ED
N		 CI
CI
N
Inc
En
Ol
Oc
En
fnc0
nlc00
n0
In		 mc o
Il cc
EI O
II CE
C
Cl C
4 0
Im IC
gD
C
II0
4 g
g Cct		 EIE
EII		 N I CD
IA
Cl
ED
N		 CI
Cn		 O
0
IA		 ' 0
0
IA
00
0 0
IA O		 CD O0
Oc O
Ol		 I I
O
0o
IA		 I
CII
cn
IA		 CI
ED
000
IA O O
O O
N
ED
Clc
En
E4
Xl
4I
15		 c
ce
E
0K		 Cb
C
'j
4		 ln
ct
L
CO		 El| IN
N		 O
N
ED
'cl		 O
0
0
ED		 ' ' O
0
IA		 ' O
0
IA		 o
0
O
IA		 cn
Ol
IA		 o 0 0
IAOO
ED O
N
ED
c
Olc
0		 nt
ll
v cc
II O
C,
4 'L
4
C4
En EC		 cn
EA		 0
O
ICI
I		 0
cct
N		 O O
0 0
IA O		 CD O
'cl' 0
Cn 0
cn
O
4l
O
IUDZI-Z0
O		 Olc
In
E8
ln15
0)I-Z V'0
ID0
IUK Ine En
IU
I-
40
UZ
Z
IUZI-0I-
OI
IUI-0Z		 0
Cl
Cl
UI
0		 ln'00
1'08
Ct
Ct
CL		 4l'0
0
m0
Cl
0
lnc
ClE00c
Cl		 8e
O
O
C
DO
nl
Y		 E
In
cn
ECE
m
Y		 nl
0
nl
nl
O
0 0
A. c e
CDlmoo
0
OOE
m Y o
O
EC O		 4I
T\I4
m
g O
c
c
0
.0
m
E
E
En c c
1E—en@
Cl
'cmoRZoo		 cn c
Clc
Cl
Cl
'P		 O
m
ID
Ene
mOl
In .—
En
So
0
m
nt
cl
2Ym
OOOOO
'0
m o ~ 4I
1D+ &E
mOe
OO coz
ee' ee
m x
m
I—I—2 I-)		 0e
2
EO
2'8
c
En
En~
Oo
E0
G O		 13
c
EL
nl
Ol
nl
'cez
nl
0
P-		 0
OI
0
'0
L
IL
c
0
CO0
c
m
m
x		 L"0
En
'O
c c
0 0
ln
EL
'0c o
0
En
IL e
m
Cl e
cn
EE
NB
LA 00
00		 0
0		 CD
IA CI CA IA
C CI CLI CQ CO
C0O
CD
CO		 CD
Cl		 0 O
O
LA		 COL
CA		 O
OO		 IA
lg IA Ol
IA
0
4		 0
0000		 ~O ml
CA		 o
IA
IA
IO		 o o
O O
IA CI
CCI		 0
O
CA
CD		 0
CO
0
Ol
CA
CCI
'
CA
IA
CLI		 CO
CI		 L IA
CO		 O
CA I
CO CA 0
0
O		 0
0
IA
OLAOOOLAO
I
m 0 0 O
'll' O
0 0 IA
CO
IA		 I Ol
CLI O I CLI
CLI
O
IUDZI-Z0
U
COI-Z
IUK
IU
I-
C}I		 O
OC
0		 ID0.
O
O.
2 C
CD		 C
LL
C
&0		 'C
OZ
Z
IUxI-0I-
tO
IUI-0Z		 O
Ci
UI
I
0		 mC0
O
'0
0
m
m '0
C Z
O O.E
0
OO c
0 Ic
m
m '6
lll Z
0000		 c
E
C
C
L 0
O. 0 0
Cl
III
m
m
C
C
N
Z 0 0 g
m
m Y
III
C g)
0ECIZ
OC
In
cmzoi
I- CI 8 6		 o
CO
O
m		 E
E
0
m		 c0
0
m
Ih
'0 0
m
Coec
Xl 0
CC}
CL
'c
m
m C L
&O
m
m
m 0
CDC
OO
Pu Q x

Balance at Transfers Balance at Balance at
1April 2010 1April 2020 31 laarch 2021
Operating reserve fund 59,000 17,000 76,000 76,000
Property upgrade fund 140,000 17,000 157,000 157,000
Fixed asset fund 185,280 185,280 1,753 187,033
199,000 219,280 418,280 1,753 420,033
cc
00		 O
O		 4l O
00
CC		 O
O
O		 O
CO
09
40 O
00		 04
Icc
cc
'U O 4l
ccD
cc
I0
IP
CC:
15
Cl
Ic
00		 O
ccD
cc		 4I O
00
CC
ICI		 D
O
O
O
CO		 DD
C9
C9		 D
00
CII
00
I0
Cl
CI
'U
5
$		 O
cc
O
CV		 4I
L
JS
CC
P		 00
Cl
00		 O
00		 D
Cc
00
'CC
5
r.CI		 r
00
CV		 4I
I
cl
Cl
'CC
5
r
C4
CII		 r
00
cv		 4I O
00
I		 CI
O
CV
00		 DDD
C9		 DD
cc
Ic CV
Cl
CI
Cl '0 Ill
O
LIJI-		 IUDZI-Z0 LL
I
I0
CI
44		 CCD
CC
K O
I-
fhD		 COI-Z
IU
K		 hl
CCC		 'U
CI
Cl
004
I- IU
I-		 U Cl
CI
Ic
CO
CcD
ZI-
LLIOZc(
Cl
Z
CO		 OZ
Z
XI-0I-
IO
IUI-0Z		 Ci
Ci
LU
0		 CI
00
l5
CID
0
III
lc
IcC		 L
00
Cl
00
8
Cl
lc
00
15
O
IL		 00 JI0
ClI0
Cllc
01
X
Cl
'cn
00C
5		 Cl
cl
CI
CI
III
Cl
00
'e
C
I-		 Cl
4
O

2021 2020
6 5
Within one year 107 107

Every member of the company
undertakes
55to the assets ofthe charitable
company
or within one year after he or she cease to		 Every member of the company
undertakes
55to the assets ofthe charitable
company
or within one year after he or she cease to		 to contribute
in the event
be a member.		 such amount as
of its being wound		 may be required
(not exceeding
up while he or she is a member,		 may be required
(not exceeding
up while he or she is a member,
24 Cash generated
from operations		 2021 2020
5 6
Surplus for the year 61,231 15,764
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (159) (345)
Depreciation
and impairment
oftangible		 fixed assets 10,653 7,715
Movements
in working
capital:
Decrease/(increase)
in debtors
(Decrease) in creditors
(Decrease)
in deferred income		 51,328
(6,402)
(1,391)		 (92,029)
(3,603)
(20,936)
Cash generated
from/(absorbed
by) operations		 115,260 (93,434)
25 Analysis ofchanges
in net funds
The chadty had no debt during the year.