||||Page|| |---|---|---|---|---| |Report ofthe Chair||||| |Report ofthe Trustees||2|lo|15| |(including
Reference and administrative|details on page 14)|||| |Report ofthe Independent
Auditors||16|to|18| |Statement ofFinancial Activities|||19|| |Balance Sheet|||20|| |Cash Flow Statement|||21|| |Notes to the Cash Flow Statement|||22|| |Notes to the Financial Statements||23|to|33| |Detailed Statement of Financial Activities||34|to|35| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total|Total| ||||||funds|funds|funds|funds| |||||Notes||F|E|| |INCOME AND ENDOWMENTS||FROM||||||| |Donations
and legacies|||||881,234|58,801|940,035|1,078,800| |Charitable
activities||||||||| |Advancing
arts and education|through||dance||113,579|233,913|347,492|74,411| |Other trading
activities|||||430||430|27| |Investment
income|||||2||2|3| |Other income|||||10,622||10,622|506| |Total|||||1,005,867|292,714|1,298,581|1,153,747| |EXPENDITURE ON||||||||| |Raising funds|||||416||416|1,870| |Charitable
activities||||||||| |Advancing
arts and education|through||dance||1,117,608|269,536|1,387,144|1,121,601| |Total|||||1,118,024|269,536|1,387,560|1,123,471| |NET INCOME l (EXPENDITURE) BEFORETAX|||||(112,157)|23,178|(88,979)|30,276| |Theatre Tax Relief|||||140,074||140,074|| |NET INCOME l (EXPENDITURE) AFTER TAX|||||27,917|23,178|51,095|30,276| |RECONCILIATION
OF FUNDS||||||||| |Total funds brought forward|||||58,382||58,382|28,106| |TOTAL FUNDS CARRIED FORWARD|||||88,299|23,178|109,477|58,382| ## ## |||||2022||2021| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total||Total| ||Notes|funds
f|funds
F|funds
E||fundsf| |FIXEDASSETS||||||| |Intangible assets
Tangible assets|15
16|3,002
52 826||3,002
52,626||5,404
37,674| |||55,628||55,628||43,078| |CURRENT ASSETS||||||| |Debtors|17|248,312|51,013|299,325||80,519| |Cash at bank and in hand||f44,105)|120923|76 816||262 974| |||204,207|171,936|376,143||343,493| |CREDITORS||||||| |Amounts
falling due within one year|18|(173,536)|(148,758)|(322,294)||(328,189)| |NET CURRENT ASSETS||30,671|23,178|53,849||15,304| |TOTAL ASSETSLESS CURRENT|LIABILITIES|86,299|23,178|109,477||58,382| |NET ASSETS/(LIABILITIES)||86,299|23,178|109477|,|58,382| |FUNDS|20|||||| |Unrestricted
funds||||86,299||58,382| |Restricted funds||||23,178||| |TOTALFUNDS||||109,477||58,382| ## ## |||||2022|2021| |---|---|---|---|---|---| ||||Notes|E|| |Cash flows from operating||activities|||| |Cash generated
from operations||||(158,839)|134,752| |Tax paid|||||61,625| |Net cash (used in)/provided||by operating|activities|)158,839)|196,377| |Cash flows from investing||activities|||| |Purchase oftangible
fixed assets||||(27,419)|(3,528)| |Sale oftangible
fixed assets||||100|| |Interest received||||2|3| |Net cash used
in investing|activities|||~27,3)7)|~3.525)| |Cash flows from financing||activities|||| |Loan repayments
in year|||||1,870| |Net cash provided
by/(used||in) financing|activities||~1,870)| |Change
in cash and cash||equivalents|in||| |the reporting
period||||(186,156)|190,982| |Cash and cash equivalents||at the|||| |beginning
ofthe reporting||period||262,974|71,992| |Cash and cash equivalents||at the end|of||| |the reporting
period||||76,818|262,974| ## ## |RECONCILIATION
|OF NET I|NCOME TO NET CASH FLOW FROM OPERATI|NG ACTIVITIES|| |---|---|---|---|---| ||||2022|2021| ||||E|E| |Net income for the|reporting|period (as per the Statement of Financial||| |Activities)|||51,095|30,276| |Adjustments
for:
Depreciation
charges|||14,869|16,457| |Profit on disposal offixed assets|||(100)|| |Interest received|||(2)|(3)| |(Increase)/decrease
Decrease in creditors|in debtors||(218,806)
~5,895|95,709
~7,687| |Net cash (used in)/provided||by operations|~158,8393|134,752| |2.|ANALYSIS OF CHANGES|IN NET FUNDS|||| |---|---|---|---|---|---| ||||At 1/4/21|Cash flow|Al 31/3/22| ||||f|E|E| ||Net cash||||| ||Cash at bank and in hand||262,974|~186,156|76 818| ||||262,974|~186156|76,818| ||Total||262,974|~186,156|76,818| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|DONATIONS
AND LEGACIES|||||| |---|---|---|---|---|---|---| ||||||2022|2021| ||||||F|| ||Arts Council ofWales revenue|grant|||843,362|843,362| ||Coronavirus
Job Retention Scheme||||28,975|101,078| ||Other grants and donations||||67,698|134,360| ||||||040035|1078 800| |4.|OTHER TRADING ACTIVITIES|||||| ||||||2022|2021| ||Merchandising||||430|27| |5.|INVESTMENT INCOME|||||| ||||||2022|2021| ||||||E|F| ||Deposit account interest||||2|3| |6.|INCOME FROM CHARITABLE||ACTIVITIES|||| ||||||2022|2021| ||||||E|F| ||Grants||||254,513|44,485| ||Fees receivable||||92,979|29,926| ||||||347,492|74,411| ||Grants received, included
in the||above,|are as follows:|2022f|2021| ||Arts Council England
- Priority Venues
Esmhe Fairbaim
Foundation||||13,500
6,000|24,981| ||Cotwlnston
Charitable
Trust||||20,000|| ||Hodge Foundation
Welsh Government|||||5,000
3,000| ||The Goldsmiths'
Company
Charity
Co-op's Local Community
Fund
The Austin and Hope Pilkington
Trust
Associafion ofVoluntary
Organisations
The Sir Jules Thorn Charitable
Trust|||in Wrexham||3,000
1,504
5,000
1,000
1,000| ||UK Government
-VAT and Brexit Grant||||1,500|| ||Darkely Trust
Fenton Arts Trust - Laboratori||||2,600
5,000|| ||Gwendoline
and Margaret
Davies Trust
John SCohen Foundation —Wild Thoughts||||3,000
5,000|| ||Chapman
Charitable
Trust
Millennium
Stadium
Charitable|Trust|||1,000
2,200|| ||National
Lottery Community
Fund
Waterloo Foundation||||10,000
10,000|| ||Arts Council of Wales -Connect||and Flourish||37,985|| ||Garfield Weston Culture
Fund||||118,465|| ||Esmhe Fairbaim
Foundation - Learning|||Lead Dancer|18253|| ||||||254,513|44,485| ## ## ## ## ## |Raising donations|Raising donations|Raising donations||and|legacies|legacies|||| |---|---|---|---|---|---|---|---|---|---| |||||||||2022|2021| |||||||||E|E| |Fundraising
support|||||||||1,800| |Other trading|activities||||||||| |||||||||2022|2021| |||||||||E|E| |Merchandising|costs|||||||416|?0| |Aggregate
amounts||||||||416|1,870| |CHARITABLE|ACTIVITIES COSTS||||||||| ||||||||Direct|Support|| ||||||||Costs (see|costs (see|| ||||||||note 9)|note 10)|Totals| ||||||||E|E|E| |Advancing
arts|and||education|||through|||| |dance|||||||1,047,699|339,445|1,387,144| |DIRECT COSTS||OF||CHARITABLE ACTIVITIES|||||| |||||||||2022|2021| ||||||||||E| |Staff costs||||||||567,399|486,430| |Rent and rates||||||||43,587|42,959| |Insurance||||||||15,910|11,807| |Light and heat||||||||21,022|19,025| |Telephone||||||||2,118|2,458| |Postage, stationery|||and||subscriptions|||3,947|3,120| |Publicity and marketing|||||costs|||4,981|5,545| |Travel and training||||||||50,090|6,296| |Repairs and maintenance||||||||1,903|| |Direct production||and dance||||team fees||275,401|142,176| |Cleaning||||||||12,354|6,262| |Staff welfare||||||||4,974|4,319| |Staff recruitment||fees||||||5,995|16,038| |WMC sinking
fund||||||||24,636|21,971| |Grant underspend||repayment|||||||3,051| |Depreciation||||||||13,382|14,811| |||||||||1,047,699|786,268| ## ## ## ## ## ## ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||2022f|2021| |Wages and salaries
Social security costs
Other pension costs|||697,142
57,035
27,276|632,763
51,231
27 361| ||||781,453|711 355| |The average
monthly|number ofemployees|during the year was as follows:||| ||||2022|2021| |l|||27|32| ## ## ## ## ## ## |||||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| |||||||funds|funds|funds| |||||||E||| |INCOME AND ENDOWMENTS||||FROM||||| |Donations
and legacies||||||996,550|82,250|1,078,800| |Charitable
activities||||||||| |Advancing
arts and|education||through||dance|32,926|41,485|74,411| |Other trading
activities||||||27||27| |Investment
income||||||3||3| |Other income||||||506||506| |Total||||||1,030,012|123,735|1,153,747| |EXPENDITURE ON||||||||| |Raising funds||||||1,870||1,870| |Charitable
activities||||||||| |Advancing
arts and|education||through||dance|991,425|130,176|1,121,601| |Total||||||993,295|130,176|1,123,471| |NET INCOME/(EXPENDITURE)||||||36,717|(6,441)|30,276| |Transfers
between|funds|||||~6441)|6441|| |Net movement
in funds||||||30,276||30,276| |RECONCILIATION|OF FUNDS|||||||| |Total funds brought||forward||||28,106||28,106| |TOTAL FUNDS CARRIED FORWARD||||||58,382||58,382| |INTANGIBLE FIXEDASSETS||||||||| |||||||||Website| |||||||||costs| |||||||||E| |COST||||||||| |At 1 April 2021 and 31 March 2022||||||||12,008| |AMORTISATION||||||||| |At 1 April 2021||||||||6,604| |Charge for year||||||||2,402| |At 31 March 2022||||||||9,006| |NET BOOK VALUE||||||||| |At 31 March 2022||||||||~3002| |At 31 March 2021||||||||5,404| ## |16.|TANGIBLE FIXEDASS|ETS||||| |---|---|---|---|---|---|---| |||||Furniture,||| ||||Improvements|fittings||| ||||to|and|Motor|| ||||property|equipment
f|vehicles
F|Totals
F| ||COST|||||| ||At 1 April 2021||780|71,322|30,709|102,811| ||Additions
Disposals||12,297|15,122
~593)||27,419
~593)| ||At 31 March 2022||13,077|85,851|~30709|129,637| ||DEPRECIATION|||||| ||At 1 April 2021||273|36,298|28,566|65,137| ||Charge for year
Eliminated
on disposal||566|9,759
~593)|2,142|12,467
~593)| ||At 31 March 2022||839|45,464|~30 708|77,011| ||NET BOOK VALUE|||||| ||At 31 March 2022||12,238|40,387||52,626| ||At 31 March 2021||507|35,024|2,143|37,674| |17.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||||| ||||||2022|2021
f| ||Trade debtors||||17,563|2,709| ||Other debtors||||1,753|1,753| ||VAT||||18,438|8,617| ||Prepayments
and accrued income||||261,571|67,440| ||||||299,325|80,519| |18.|CREDITORS: AMOUNTS
FALLING DUE||WITHIN ONE YEAR|||| ||||||2022|2021| ||||||E|E| ||Trade creditors||||84,800|23,935| ||Sociai security and other
Other creditors|taxes|||15,711
37,593|15,176
7,827| ||Accruals and deferred income||||184190|281,251| ||||||322,294|328,189| ## ## ## |Minimum
lease payments
under non-cancellable
operating|leases fall due as follows:|| |---|---|---| ||2022|2021| |Within one year|17,187|11,937| |Between one and five years|1,156|18,343| ||18,343|30,280| |Lease payments|recognised|as|an expense
in the year amount|toE11,578(202|1:E10,109).|| |---|---|---|---|---|---|---| |MOVEMENT
IN|FUNDS|||||| |||||Net|Transfers|| |||||movement|between|At| ||||At 1/4/21|in funds|funds|31/3/22| |||||E|E|f| |Unrestricted
funds||||||| |General
fund|||56,712|33,206|(3,619)|86,299| |Associates
fund|||1,670|~5,289)|3,619|| ||||58,382|27,917||86,299| |Restricted funds||||||| |Dance for Parkinson' s||||23,178||23,178| |TOTAL FUNDS|||58,382|51,095||109,477| |Net movement
in|funds, included||in the above are as follows:|||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||E|E|f| |Unrestricted
funds||||||| |General fund
Associates
fund||||1,138,626
7,315|(1,105,420)
~12,604)|33,206
~5,289)| |||||1,145,941|(1,118,024)|27,917| |Restricted funds||||||| |Arts Council England - Priority Venues||||13,500|(13,500)|| |Dance for Parkinson' s||||42,000|(18,822)|23,178| |Esmhe Fairbaim|Foundation|-Grants plus||6,000|(6,000)|| |Plethu||||1,500|(1,500)|| |Esmbe Fairbaim|Foundation|- Learning||||| |Lead Dancer||||18,263|(18,263)|| |Cultural
Recovery|Fund|||40,001|(40,001)|| |Colwinston
Trus't|- LUDO Grant|||5,000|(5,000)|| |Weston Culture
Fund (Garfield Weston Foundation)||||118,465|(118,465)|| |Arts Council ofWales - Connect|||and Flourish|37,985|(37,985)|| |John SCohen Foundation —Wild
Fenton Arts Trust - Laboratori|||Thoughts|5,000
5,000|(5,000)
~5,000)|| |||||292,714|269536|23,178| |TOTAL FUNDS||||1,438,655|~1,387,560)|51,095| ## ## |Comparatives
fo|r movemen|t
in fund|s|||||| |---|---|---|---|---|---|---|---|---| |||||||Net|Transfers|| |||||||movement|between|At| ||||||At 1/4/20|in funds|funds|31/3/21| ||||||E||L|E| |Unrestricted
funds||||||||| |General fund|||||28,106|35,047|(6,441)|56,712| |Associates fund||||||1,670||1,670| ||||||28,106|36,717|(6,441)|58,382| |Restricted funds||||||||| |Arts Council England - Priority Venues||||||(3,051)|3,051|| |Esmhe Fairbaim
Lead Dancer
Cultural
Recovery|Foundation
Fund|-Learning||||(4,924)
1,534|4,924
~1,534)|| |||||||6,441|~6441|| |TOTAL FUNDS|||||~28 106|~30 276||58,382| |Comparative
net|movement|in funds, induded||in|the above are as follows:|||| |||||||incoming|Resources|Movement| |||||||resources|expended|in funds| |||||||f.|E|E| |Unrestricted
funds||||||||| |General fund
Associates fund||||||1,022,532
7,480|(987,485)
~5,6)0)|35,047
1,670| |||||||1,030,012|(993,295)|36,717| |Resb icted funds
Arts Council England - Priority Venues
Dance for Parkinson' s||||||17,804|(3,051)
(17,804)|(3,051)| |Esmhe Fairbaim|Foundation|-small scale||||||| |touring
Esmhe Fairbaim|Foundation|-Grants|plus|||10,436
1,500|(10,436)
(1,500)|| |Plethu||||||3,000|(3,000)|| |Esmhe Fairbaim
Foundation
Lead Dancer
Cultural
Recovery Fund||-Learning||||13,045
7?050|(17,969)
~76416)|(4,924)
1 534| |||||||123735|~130,176|6,441| |TOTAL FUNDS||||||1,153,747|~1,123,471)|30,276| |Restricted funds||||||||| |Arts Council England - Priority Venues|||-Funding||received to support performances||in England.|| ## ## ## ## ## ## ## ## ## ## ## ||||2022|2021| |---|---|---|---|---| ||||F|F| |INCOME AND ENDOWMENTS||||| |Donations
and legacies
Arts Council ofWales revenue
Other grants and donations||grant|843,362
96673|843,362
235,438| ||||940,035|1,078,800| |Other trading activities
Merchandising|||430|27| |Investment
income||||| |Deposit account interest||||| |Charitable
activities||||| |Grants|||254,513|44,485| |Fees receivable|||92,979|29,926| ||||347,492|74,411| |Other income||||| |Gain on sale oftangible
Rents received|fixed assets||100
10,522|375| |Other income||||131| ||||10,622|| |Total incoming resources|||1,298,581|1,153,747| |EXPENDITURE||||| |Raising donations
and
Fundraising
support|legacies|||1,800| |Other trading activities
Merchandising
costs|||416|70| |Charitable
activities||||| |Wages
Social security
Pensions|||510,291
38,806
18,302|435,410
32,960
18,060| |Rent and rates
Insurance
Light and heat
Telephone
Postage, stationery
and subs
Publicity and marketing
costs
Travel and training
Repairs and maintenance
Direct production
and dance team fees
Cleaning
Staff welfare
Staff recruitment
fees
Carried forward|||43,587
15,910
21,022
2,118
3,947
4,981
50,090
1,903
275,401
12,354
4,974
5,995
1,009,681|42,959
11,807
19,025
2,458
3,120
5,545
6,296
142,176
6,262
4,319
18,038
748,435| ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||||F|L| |Charitable
activities||||||| |Brought forward|||||1,009,681|748,435| |WMC sinking
fund|||||24,636|21,971| |Grant underspend
repayment||||||3,051| |Amortisation
of intangible|||fixed assets||2,162|2,161| |Depreciation
of tangible||fixed assets|||11,220|12,650| ||||||1,047,699|788,268| |Support costs||||||| |Staff costs||||||| |Wages|||||147,118|165,154| |Social security|||||13,922|14,798| |Pensions|||||7,186|7,720| ||||||168,226|187,672| |Other||||||| |Rent and rates|||||7,842|7,710| |Insurance|||||1,768|1.312| |Light and heat|||||5,256|4,756| |Telephone|||||530|614| |Postage, stationery|and||subs||11,366|7,120| |Other expenses|||||2,501|3,353| |Publicity and marketing|||costs||24,953|30,611| |Travel and training
Repairs and maintenance|||||15,692
11,850|9,277
14,174| |Cleaning
Staff welfare|||||3,088
106|1,565
124| |Bad debts|||||68|| |Legal and professional|||||19,614|11,689| |WMC sinking
fund
Bank charges
Staff recruitment
fees|||||6,159
937
5,995|5,493
2,123| |Amortisation
ofintangible|||fixed assets||240|240| |Depreciation
of tangible|||fixed assets||1,247|1,406| ||||||119,212|101,567| |Governance costs||||||| |Wages|||||39,733|32,199| |Social security
Pensions
Auditors'
remuneration|||||4,307
1,788
3,400|3,473
1,581
2,290| |Auditors'
remuneration
Costs ofmeetings||for non-audit||work|2,430
349|4,501
50| ||||||52,007|44,094| |Total resources expended|||||1,387,560|1,123,471| |Net (expenditure)
Iincome before taxation|||||~88.979)|30,276| |Theatre tax relief|||||140,074|| |Net income after taxation|||||51,095|30,276|