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2021-03-31-accounts

Contents Page
Report ofthe Trustees 1-16
Auditors'
Report		 17-19
Consolidated
Statement of Financial Activities		 20
Statement of FinancialActivities —Charity Only 21
Consolidated
Balance Sheet		 22
Balance Sheet —Charity Only 23
Cash Flow Statement 24
Notes to the Financial Statements 25-57

REFERENCE AND REFERENCE AND ADMINISTRATIVE ADMINISTRATIVE ADMINISTRATIVE DETAILS
Charity Name Chapter
(Cardiff) Limited
Company Registration Number 01005570
Charity Registration Number 500813
Registered Office Chapter Arts Centre
Market Road
Canton
Cardiff
CFS 1QE
Trustees Catrin Daniel
Ewan Hilton
Stephen Meade
Romy Johnson —resigned 22/9/21
Elin Wyn —resigned 22/9/21
Alun Jones
Villida Ramasut
Robert Andrews —resigned 22/9/21
Benedict Borthwick
Emma Del Torto —resigned B/2/21
Cerys Furlong —resigned 23/9/20
Laurence
Khan
Kami Lamakan —appointed 22/9/21
Company Secretary Sharon Stone
Key Management Personnel A Eagle —Chief Executive
EJohnson —Director, External Relations
SStone —Director, Finance and Resources
H Firth —Director of Programme and Deputy Director
K Parsons —Chapter Trading Limited
Principal Bankers Lloyds Bank
514Cowbridge Road East
Cardiff
CF5 1BL
Auditors Azets Audit Services
Chartered
Accountants
R		 Statutory Auditors
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 BAB

FO R THE YEAR ENDED 31MARC H 2021
Total Tota I
Unrestricted Restricted funds funds
Note funds
E		 funds
E		 2021f 2020
E
Income and endowments from:
Donations
and legacies		 1,193,455 4,000 1,197,455 767,748
Charitable
activities		 673,647 1,285,457 1,959,104 812,714
Other trading activities 254,459 254,459 1,986,524
Other 9,459 9,459 43,680
Totalincome and endowments 2,131,020 1,289,457 3,420,477 3,610,666
Expenditure
on:
Charitable
activities		 1,570,867 813,759 2,384,626 3,665,398
Total expenditure 1,570i867 813,759 2,384,626 3,665,398
income/(expenditure)
Net 10 560,153 475,698 1,035,851 (54,732)
Transfers
between
funds		 22 23 136,695 (136,695)
Net movement
in funds		 696,848 339,003 1,035,851 (54,732)
Reconciliation
of Funds
Total funds brought
forwa		 rd 22.23 62,938 2,759,115 2,822,053 2,876,785
Totalfunds carried forward 23,24 759,786 3,098,118 3,857,904 2,822,053

Total Total
Unrestricted Restricted funds funds
Note funds funds 2021 2020
E f f
Income and endowments from:
Donations
and legacies		 1,100,455 4,000 1,104,455 767,748
Charitable
activities		 673,647 937,968 1,611,615 812,714
Other trading activities 161,877 161,877 374,768
Other 9,459 9,459 289,080
Total income and endowments 1,945,438 941,968 2,887,406 2,244,310
Expenditure
on:
Charitable
activities		 7 1,305,027 466,270 1,771,297 2,301,171
Total expenditure 1,305,027 466,270 1,771,297 2,301,171
Netincome/(expenditure) 10 640,411 475,698 1,116,109 (56,861)
Transfers between
funds		 22.23 136,695 (136,695)
Net movement in funds 777,106 339,003 1,116,109 (56,861)
Reconciliation
of Funds
Total funds brought
forward		 22,23 62,139 2,759,115 2,821,254 2,878,115
Total funds carried forward 23,24 839,245 3,098,118 3,937,363 2,821,254

Note 2021 2021 2020 2020
f f
Fixed assets:
Tangible assets 13 4,101,483 4,024,617
Current assets:
Stocks 16 12,254 23,475
Debtors 17 157,225 84,779
Bank and cash balances 535,764 64,808
705,243 173,062
Liabilities:
Creditors: Amounts falling due within one
year 18 (228,406) (838,543)
Net current assets/(liabilities) 476'837 (665,481)
Total assets less current liabilities 4,578,320 3,359,136
Creditors: Amounts falling due after more
than one year 19 (720,416) (537,083)
Net assets 3,857,904 2,822,053
The funds ofthe charity:
Restricted income funds 22 3,098,118 2,759,115
Unrestricted
income funds		 23 759,786 62,938
Total charity funds 24 3,857,904 2,822,053

Note 2021 2021 2020 2020
E E f E
Fixed assets:
Tangible assets 13 4,101,483 4,024,617
Investment
in subsidiary		 14 2 2
4,101,485 4,024,619
Current assets:
Stocks 16 1,872 1,872
Debtors 17 84,554 71,720
Bank and cash balances 510,636 64,812
597,062 138,404
Liabilities:
Creditors: Amounts falling due within one
year 18 (204,100) (804,686)
Net current assets/(liabilities) 392,961 (666,282)
Total assets less current liabilities 4,494,446 3,358,337
Creditors: Amounts falling due after more
than one year 19 (557,083) (537,083)
Net assets 3,937,363 2,821,254
The funds ofthe charity:
Restricted income funds 22 3,098,118 2,759,115
Unrestricted
income funds		 23 839,245 62,139
Total charity funds 24 3,937,363 2,821,254

Note 2021 2020
E f
Net cash used in operating activities 28 447,442 (241,323)
Cash flows from investing activities:
Dividends,
interest and rents from investments		 5 161,877 357,326
Purchase of property
plant		 and equipment 13 (203,857) (54,805)
Net cash provided
by investing
activities		 (41,980) 302,521
Cash flows from financing activities:
Repayments
of borrowing		 (22,578)
New borrowing
received		 220,000
Net cash used in financing activities 220,000 (22,578)
Change
in cash and cash equivalents		 in the reporting period 625,462 38,620
Cash and cash equivalents at the beginning ofthe reporting period (89,698) (128,318)
Cash and cash equivalents at the end ofthe reporting period 28 535,764 (89,698)

NCOME FRO M DONA TIONS
AND LEGACIES
Unrestricted Restricted Total Total
funds funds 2021 2020
~Grou E E f E
Donations* 93,207 4,000 97,207 61,527
Grants 1,097,465 1,097,465 663,441
Membership 2,783 2,783 21,380
Sponsorship 21,400
1,193,455 4,000 1,197,455 767,748
Grants were received from the following:
Arts Council of Wales —Core Grant Funding 664,620 664,620 657,391
Arts Council of Wales —Stabilisation 175,000 175,000
BFI Midlands 550
BFI Midlands Cinema 2,500
BFIOrganisation awards 45,000 45,000
Cardiff Council 35,000 35,000
Film Hub for Cinema 3,000
Welsh Government Resilience 177,845 177,845
1,097,465 1,097,465 663,441

Unrestricted Restricted Total Total
~Charit funds funds
f		 2021f 2020
E
Donations* 93,207 4,000 97,207 61,527
Grants 1,004,465 1,004,465 663,441
Membership 2,783 2,783 21,380
Sponsorship 21,400
1,100,455 4,000 1,104,455 767,748
Grants were received from the following:
Arts Council of Wales —Core Grant Funding 664,620 664,620 657,391
Arts Council of Wales —Stabilisation 175,000 175,000
BFI Midlands 550
BFI Midlands Cinema 2,500
BFIOrganisation awards 45,000 45F000
Cardiff Council 20,000 20,000
Film Hub for Cinema 3,000
Welsh Government Resilience 99,845 99,845
1,004,465 1,004,465 663,441

Unrestricted Restricted Total Total
funds funds 2021 2020
~Grou E E E f
BFI 8,900 8,900 950
Cinema 9,306 9,306 367,279
Film education 2,083 2,083 6,735
Grants 659,970 1,276,557 1,936,527 390,749
Events 2,794
Theatre 2,288 2,288 44,207
673p647 1,285,457 1,959,104 812,714

INCOME FROM CHARITABLE ACTIVITIES (continued)
~Grou
Grants were received from the following:
Unrestricted Restricted Total Total
funds funds 2021 2020
E E f
Project funding:
Art fund 36,000 36,000 1,500
Arts 8 Business —Culture Step 750
Arts Council ofWales —Cultural
Recovery Fund 558,993 558,993
Arts Council ofWales-
Experimentica 15,727 15,727
Arts Council ofWales —Peilot 9,000
Arts Council ofWales —Resilience 1,208 1,208
Arts Council Wales —Karen Turner 15,302
Ashley foundation 5,000 5,000
BFIOrganisation
Award		 60,000
British Council —Travel 1,900
British Council- Canada
AE Travel		 4,400
British Film Industry
Hub		 248,443 248,443 210,000
British Film Industry
Hub —Clwster		 2,000 2,000 8,000
British Film Industry
Hub —Diversity		 45,000 45,000 45,000
British Film Industry Hub-
Education
Feasibility		 2,400
British Film Industry
Hub - Midlands		 1,500 1,500
British Film Industry
Hub —Sharing
Together 200 200 1,800
Cardiff Council —Road Crossing 1,500 1,500
Creu Cymru 1,000 1,000
Darkley Trust 4,080
Ffilm Cyrnru 14,800 14,800 5,000
Ffilm Cyrnru Connector
Fund		 1,100
Foyle Foundation 30,000 30,000
Garfield Weston 75,000 75,000
Henry Moore Foundation 4,000 4,000 2,000
HMRC Job Retention
Scheme		 604,954 604,954
Moondance
Foundation		 90,977 90,977
PRSF —Music Tour Ireland 6,500
Rayne 9,017
Simon Gibson Trust 10,000 10,000 3,000
Theatre's
Trust		 5,000 5,000
WCVA —Third Sector Resilience
Fund 60,000 60,000
Capital:
Arts Council Wales —Cafe Bar 104,197 104,197
Arts Council ofWales —Cultural
Recovery Fund 21,028 21,028
659,970 1,276,557 1,936,527 390,749

Unrestricted Restricted Total Total
funds funds 2021 2020
C~harit f E f
8FI 8,900 8,900 950
Cinema 9,306 9,306 367,279
Film education 2,083 2,083 6,735
Grants 659,970 929,068 1,589,038 390,749
Events 2,794
Theatre 2,288 2,288 44,207
673,647 937,968 1,611,615 812,714
&harithr
Grants were received from the following:
Unrestricted Restricted Total Total
funds funds 2021 2020
E E f E
Project funding:
Art fund 36,000 36,000 1,500
Arts &Business —Culture Step 750
Arts Council ofWales —Cultural
Recovery Fund 558,993 558,993
Arts Council ofWales-
Experimentica 15,727 15,727
Arts Council ofWales —Peilot 9,000
Arts Council ofWales —Resilience 1,208 1,208
Arts Council Wales —Karen Turner 15,302
Ashley foundation 5,000 5,000
BFIOrganisation
Award		 60,000
British Council —Travel 1,900
British Council- Canada AE Travel 4,400
British Film industry Hub 248,443 248,443 210,000
British Film Industry Hub —Clwster 2,000 2,000 8,000
British Film industry Hub —Diversity 45,000 45,000 45,000
British Film Industry Hub-
Education Feasibility 2,400
British Film industry Hub —Midlands 1,500 1,500
British Film Industry Hub —Sharing
Together 200 200 1,800
Cardiff Council —Road Crossing 1,500 1,500
Creu Cyrnru 1,000 1,000
Darkley Trust 4,080
Ffilm Cymru 14,800 14,800 5,000
Ffilm Cyrnru Connector Fund 1,100

Unrestricted Restricted Total Total
Charit
continued		 funds
E		 funds
E		 2021f 2020
f
Foyle Foundation 30,000 30,000
Garfield Weston 75,000 75,000
Henry Moore Foundation 4,000 4,000 2,000
HMRC Job Retention Scheme 257,465 257p465
Moondance
Foundation		 90,977 90,977
PRSF —Music Tour Ireland 6,500
Rayne 9,017
Simon Gibson Trust 10,000 10,000 3,000
Theatre's Trust 5,000 5,000
WCVA —Third Sector Resilience
Fund 60,000 60,000
Capital:
Arts Council Wales —Cafe Bar 104,197 104,197
Arts Council ofWales —Cultural
Recovery Fund 21,028 21,028
659,970 929,068 1,589,038 390,749

INCOME FROM OTHER TRADING ACTI VITIES
Unrestricted Restricted Total Total
funds funds 2021 2020
~Grou f E E f
Facilities and property income 161,877 161,877 357,326
Gallery shop 17,442
Trading subsidiaries 92,582 92,582 1,611,756
254,459 254,459 1,986,524
Charity
Facilities and property income 161,877 161,877 357,326
Gallery shop 17,442
161,877 161,877 374,768
6. INCOME FROM OTHER SOURCES
Unrestricted Restricted Total Total
funds funds 2021 2020
~Grou E f f
Other income 2,470 2,470 16,680
Insurance 6,989 6,989 27,000
9,459 9,459 43,680
~Charit
Management charges 245,400
Other income 2,470 2p470 16,680
Insurance 6,989 6,989 27,000
9,459 9,459 289,080

7.
EXPE		 N DITURE ON CHA RITABLE ACTIVIT IES
Grants Total Total
Direct payable Support Governance 2021 2020
~Grou E E E E
Audit fees 7,050 7,050 6,859
Bad debts 4,529 4,529 1,000
BFI project costs 16,684 160,593 177,277 132,010
Cinema distributors
payments 5,520 5,520 172,786
Cleaning 12,512 12,512 65,106
Credit card charges 80 80 710
Depreciation 126,990 126,990 127,997
Electricity 31,189 31,189 75,139
Equipment repairs 9,750 9,750 15,652
Eventcosts 177
Gallery production costs 16,791 16,791 61,257
Gas 14,903 14,903 24,862
Health
Ik safety, security		 6,463 6,463 4,976
Insurances 26,619 26,619 23,252
Interest &charges 25,233 25,233 47,904
Irrecoverable VAT 1,144 1,144 1,570
ITsupport costs 5,902 5,902 11p804 9,268
Professional lk Legal fees 54,038 54,038 33,484
Licences 27,755 27,755 30,872
Maintenance 56,579 5' 579 28,430
Marketing, press, PR 4,159 4,159 67,896
Other direct costs 14,488 14,488 76,279
Photocopying 2,787 2,787 5,574 7,324
Postage 980 980 1,810
Rates 5,810 5,810 15,833
Refuse collection 2,069 2,069 4,428
Rent 1I222 1.222 1,550
Stationery 995 995 1,712
Subscri ptions 4,085 4,085 2,919
Sundries 1,041 1,041 3,538
Telephone/fax 9,156 9,156 11,350
Theatre productions and
producer's payments 3,144 3,144 46,043
Training 2,420 2,420 4,840 1,971
Travel 363 363 7,917
Wages and salaries 1,090,949 1,090,949 1,173,256
Water charges 6,195 6,195 14,034
1,591,503 160,593 12,150 7,050 1,771,296 2,301,171
Trading subsidiaries 613,330 613,330 1,364,227
2,204,833 160,593 12,150 7,050 2,384,626 3,665,398

Grants Total Total
Direct payable Support Governance 2021 2020
~Charit E E E f f
Audit fees 7,050 7,050 6,859
Bad debts 4,529 4,529 1,000
BFI project costs 16,684 160,593 177,277 132,010
Cinema distributors
payments 5,520 5,520 172,786
Cleaning 12,512 12,512 65,106
Credit card charges 80 80 710
Depreciation 126,990 126,990 127,997
Electricity 31,189 31,189 75,139
Event costs 9,750 9,750 15,652
Equipment repairs 177
Gallery production costs 16,791 16,791 61,257
Gas 14,903 14,903 24,862
Health &safety, security 6,463 6,463 4,976
Insurances 26,619 26,619 23,252
Interest &charges 25,233 25,233 47,904
Irrecoverable VAT 1,144 1,144 1,570
ITsupport costs 5,902 5,902 11,804 9,268
Professional fees 54,038 54,038 33,484
Licences 27,755 27,755 30,872
Maintenance 56,579 56,579 28,430
Marketing, press, PR 4,159 4,159 67,896
Other direct costs 14,489 14,489 76,279
Photocopying 2)787 2,787 5,574 7,324
Postage 980 980 1,810
Rates 5,810 5,810 15,833
Refuse collection 2,069 2,069 4,428
Rent 1.222 1.222 1,550
Stationery 995 995 1,712
Subscriptions 4,085 4,085 2,919
Sundries 1,041 1,041 3,538
Telephone/fax 9,156 9,156 11,350
Theatre productions and
producers payments 3,144 3,144 46,043
Training 2,420 2,420 4,841 1,971
Travel 363 363 7,917
Wages and salaries 1,090,949 1090'949 1,173,256
Water charges 6,195 6,195 14,034
1,591,504 160,593 12,150 7,050 1,771,297 2,301,171

he following ca tegories:
Grants to
Institutions
E
CQVID-19 Resilience 97,141
Strategic Network Award 11,500
Film Exhibition Fund 51,952
160,593

Total Total
2021 2020
6 f
~Grou
Wages and salaries 1,452,607 1,656,739
Social security costs 99,491 99,278
Employers pension 27,442 32,534
Redundancy costs 32,966 393
1,612,506 1,788,944
~Charit
Wages and salaries 964,286 1,069,603
Social security costs 73,959 80,490
Employers pension 19,738 22,770
Redundancy costs 32,966 393
1,090,949 1,173,256

2021 2020
~Grou No No
Average number ofpeople employed by the group 80 110
~Charit
Average number ofpeople employed by the charity 49 58

his is stated after chargin g:
Group Charity
2021 2020 2021 2020
E f E f
Rentals under operating leases 14,754 21,519 14,754 10,876
Depreciation 126,991 127,997 126,991 127,997
Auditors
remuneration:
Audit fees 8,450 7,100 5,050 4,500
Accountancy services 1,500 1,500 750 750

Total Total
2021f 2020
E
Bank loan interest 18,410 28,682

ANGIBLE FIXEDASSE TS
1mprove-
Freehold
land		 ments to
and leasehold l.easehold Fixtures &
GGG&CL 0 buildings buildings buildings fittings Total
E E E E
Cost
At 1April 2020 562,000 4,095,551 879,000 1,028,241 6,564,792
Additions
in year		 189,106 14,751 203,857
At 31March 2021 562,000 4,284,657 879,000 1,042,992 6,768,649
Depreciation
At 1April 2020 276,228 583,284 659,581 1,021,082 2,540,175
Charge for year 11,120 95,151 1,828 18,892 126,991
At 31March 2021 287,348 678,435 661,409 1,039,974 2,667,166
Net book value
At 31March 2021 274,652 3,606,222 217,591 3,018 4,101,483
At 31March 2020 285,772 3,512,267 219,419 7,159 4,024,617

NVESTMENTS
Investments
in group
undertakings
C~harlt E
Cost as at 31March 2020
Cost as at 31March 2021

Total Total
2021 2020
f E
Turnover 80,200 1,529,910
Cost ofsales and administration costs (615,691) (1,366,326)
Operating
profit		 (535,491) 163,584
Management
charge		 paid to Chapter (Cardiff) Limited (245,400)
(535,491) (81,816)
Other income 455,232 81,845
(Loss)/profit
for the year		 (80,259) 29
Assets and liabilities:
Tota I assets 140,284 174,466
Total liabilities (219,738) (173,661)
Aggregate
share capital and reserves		 (79,454) 805
Statement
ofchanges		 in equity
Share Profit and 2020
capitalf loss reserve
E		 Total
E
Balance at 1April 2020 2 803 805
Year ended 31March 2021
(Loss) and total comprehensive income for the
year (80,259) (80,259)
Balance at 31March 2021 2 (79,456) (79,454)

STOCKS
Group Charity
2021 2020 2021 2020
f f f f
Caffi bar 10,382 21,603
Shop 1,872 1,872 1,872 1,872
12,254 23,475 1,872 1,872
DEBTORS
Group Charity
2021 2020 2021 2020
f f f f
Trade debtors 37,381 58,129 9,147 57,759
Prepayments and accrued income 102,256 13,961 63,256 13,961
Other debtors 17,588 12,689 12,151
157,225 84,779 84,554 71,720

Group Charity
2021 2020 2021 2020
f f f f
Bank loan and overdraft 59,246 177,085 22,579 157,226
Trade creditors 54,998 336,192 49,566 259,893
Amounts
due to subsidiary		 company
undertakings 32,099 139,804
Taxation and social security 25,748 54,456 19,061 40,183
Other creditors 15,676 92,383 12,207 40,487
Accruals and deferred income 72,738 178,427 68,588 167,093
228,406 838,543 204,100 804,686
ncluded
within accruals and		 deferred income above isthe following deferred income:
2021f 2020
f
Ticket sales 3,062 5,689
Sponsorship and events 3,050
Project income 131,752
Rent 4,373
3,062 144,864

2021 2020
f f
Balance brought forward 144,864 231,281
Income received 1,715,624 999,507
Income released (1,857,426) (1,085,924)
Balance carried forward 3,062 144,864

Group Charity
2021 2020 2021 2020
E E f f
Bankloan 537,083 537,083 537,083 537,083
CBILS 163,333
WCVA 20,000 20,000
720,416 537,083 557,083 537,083

Group Charity
2021 2020 2021 2020
E f E f
Bank loan 559,662 560,627 559,662 560,627
CBILSloan 200,000
WCVA 20,000 20,000
779,662 560,627 579,662 560,627
Less amounts falling due within one
year (59,246) (23,544) (22,579) (23,544)
720,416 537,083 557,083 537,083

Repayable by by instalments instalments
Group Charity
2021 2020 2021 2020
f f E. f
Within one year 59,246 2,259 22,579 22,579
Between 2 and 5 years 142,667 86,000 106,000 86,000
After 5years 577,749 452,048 451,083 452,048
The bank loan is secured on the freehold land and buildings known as Market House, Market Road,
Cardiff, CF5 1QE. The bank overdraft is secured against a second legalcharge over the freehold land
and buildings known as Market House, Market Road, Cardiff, CFS 1QE and an unlimited debenture
incorporating a fixed and floating charge. The property has a carrying value of f274,652 (2020:
E285,772).
. OPERATING LEASES —GROUP AND CHARITY
l.and Ik Buildings Other
2021 2020 2021 2020
E E E f
Falling due:
1-2years 1 1 14,753 10,875
2-5 years 4 4 2,336 11,513
&5years 115 110
120 115 17,089 22,388

Balance at Balance at
1April 31March
Garou 2020 Income Expenditure Transfers 2021
6 6 6 6 6
Capital Grants:
Arts Council ofWales —Cultural Recovery
Fund 21,028 (21,028)
Chapter
Building		 2,583,457 104,197 111,595 (104,197) 2,695,052
Cardiff County Council 3,251 (3,251)
SEWTA 1,009 (1,009)
Scottish Power 4,925 (4,925)
Waterloo Foundation 4,378 (4,378)
2,597,020 125,225 90,567 (117,760) 2,695,052
Revenue and Project Grants:
Art fund 36,000 36,000
Art Fund
—Save Our		 Sculpture 3,767 (3,285) 482
Arts Council ofWales —Experimentica 15,727 15,727
Arts Council ofWales —Resilience 1,208 (1,208)
Ashley Foundation 5,000 5,000
BFI Film Education Feasibility Grant 2,171 2l171
British Film Industry —Film Hub Wales 63,367 257,343 (249,029) (16,000) 55,681
British Film Industry Hub - Animlg 1,348 (144) 1,204
British Film Industry Hub —Clwster 3,086 2,000 (4,908) 178
British Film Industry Hub —Diversity 10,196 45,000 (30,610) (3,000) 21,586
British Film Industry Hub —Film Fees 1,500 (675) 825
British Film industry Hub —Sharing
Together 462 200 65 727
Cardiff Council —Road Crossing 1,500 (1,500)
Cardiff University 9,500 9,500
Contemporary
Art		 3,000 3,000
Creu Cymru 1,000 (1,000)
Darkley Trust 2,165 (400) 1,765
Dunhill
Medical Foundation		 13,431 13,431
Ewart Parkinson
Award		 5,150 5,150
Ffilm Cymru —Reopening 9,800 9,800
Ffilm Cymru —Young Programmers 11,793 5,000 16,793
Film Cymru —Connector Fund 1,100 (835) 265
Foyle Foundation 30,000 30,000
Garfield Weston Foundation 75,000 75,000
Henry Moore Foundation 3,000 4,000 7,000
Henry Moore Foundation —Garth Evans 2,000 2,000
HMRC Coronavirus Job Retention Scheme 604,954 (604,954)
Lightbox 4,000 4,000
PRSF 6,500 6,500
Rayne Foundation 20,059 20,059
Theatre Trust 5,000 5,000
WCVA —Third Sector Resilience Fund 60,000 60,000
Welsh government Made in Wales (5,778) 5,778
162,095 1,164,232 (904,326) (18,935) 403,066
2759115 1~289~457 (813J759) (136J695) 3098118

Balance at Balance at
1April 31March
~Charit 2020 Income Expenditure Transfers 2021
E 6 6 6 6
Capital Grants:
Arts Council ofWales —Cultural Recovery
Fund 21,028 (21,028)
Chapter
Building		 2,583,457 104,197 111,595 (104,197) 2,695,052
Cardiff County Council 3,251 (3,251)
5EWTA 1,009 (1,009)
Scottish Power 4,925 (4,925)
Waterloo Foundation 4,378 (4,378)
2,597,020 125,225 90,567 (117,760) 2,695,052
Revenue and Project Grantsr
Art fund 36,000 36,000
Art Fund - Save Our Sculpture 3,767 (3,285) 482
Arts Council ofWales —Experimentica 15,727 15,727
Arts Council ofWales —Resilience 1,208 (1,208)
Ashley Foundation 5,000 5,000
BFI Film Education Feasibility Grant 2171 2,171
British Film Industry - Film Hub Wales 63,367 257,343 (249,029) (16,000) 55,681
British Film Industry Hub-Anim18 1,348 (144) 1,204
British Film Industry Hub - Clwster 3,086 2,000 (4,9081 178
British Film industry Hub —Diversity 10,196 45,000 (30,610) (3,000) 21,586
British
Film Industry		 Hub —Film Fees 1,500 (675) 825
British
Film Industry		 Hub —Sharing
Together 462 200 65 727
Cardiff Council —Road Crossing 1,500 (1,500)
Cardiff University 9,500 9,500
Contemporary
Art		 3,000 3,000
Creu Cymru 1,000 (1,000)
Darkley Trust 2,165 (400) 1,765
Dunhill
Medical Foundation		 13,431 13,431
Ewart Parkinson
Award		 5,150 5,150
Ffilm Cymru —Reopening 9,800 9,800
Ffilm Cymru —Young Programmers 11,793 5,000 16,793
Film Cymru —Connector Fund 1,100 (835) 265
Foyle Foundation 30,000 30,000
Garfield Weston Foundation 75,000 75,000
Henry Moore Foundation 3,000 4,000 7,000
Henry Moore Foundation —Garth Evans 2,000 2,000
HMRC Coronavirus Job Retention Scheme 257,465 (257,465)
Lightbox 4,000 4,000
PRSF 6,500 6,500
Rayne Foundation 20,059 20,059
Theatre Trust 5,000 5,000
WCVA —Third Sector Resilience Fund 60,000 60,000
Welsh government Made in Wales (5,778) 5,778
162,095 816,743 (556,837) (18,935) 403,066
2,759,115 941,968 (466,270) (136,695) 3,098,118

Balance at Balance at
1April 31March
2019 Income Expenditure Transfers 2020
E E E E E
Capital Grants:
Chapter
Building		 2,683,560 (100,103) 2,583,457
Cardiff County Council 3,282 (31) 3,251
SEWTA 1,866 (857) 1,009
Scottish Power 5,670 (745) 4,925
Waterloo Foundation 5,040 (662) 4,378
Revenue and Project Grants:
Art fund 8,792 1,500 (10,292)
Art Fund - Save Our Sculpture 17,080 (13,313) 3,767
Arts Council ofWales —Karen Turner 15,302 (15,302)
Arts Council ofWales —Peilot 27,000 11,209 (21,006) (17,203)
BFIGrants to Chapter Cinema 27,126 (750) (26,376)
British Council —Canada 4,400 (3,663) (737)
British Council —Travel AE 1,900 (1,094) (806)
British Film Industry
—Film Hub Wales		 64,573 210,000 (193,921) (17,285) 63,367
British Film Industry Hub —Anim18 2,892 (1,544) 1,348
British Film Industry Hub —Clwster 8,000 (4,914) 3,086
British Film Industry Hub —Diversity 9,302 45,950 (41,476) (3,580) 10,196
British Film Industry Hub —Queer Film
Network 788 (788)
British Film Industry Hub -Sharing
Together 1,800 (1,178) (160) 462
Cardiff University 9,500 9,500
Contemporary
Art		 3,000 3,000
Darkley Trust 4,080 (1,915) 2,165
Dunhill
Medical Foundation		 13,431 13,431
Esmee Fairbairn 1,174 (1,174)
Ewart Parkinson
Award		 5,150 5,150
Ffilm Cymru —Young Programmers 10,000 5,000 (3,207) 11,793
Film Cymru —Connector Fund 1,100 1,100
Film Education
Grant		 (BFI) 2,400 (229) 2,171
Henry Moore Foundation 3,000 3,000
Henry Moore Foundation —Garth Evans 2,000 2,000
PRSF 6,500 6,500
Rayne Foundation 11,042 9,017 20,059
2,896,188 347,238 (416,990) (67,321) 2,759,115

Balance at Balance at
1April 31March
2020 Income Expenditure Transfers 2021
E f f f
~Grou
General funds 62,938 2,131,020 (1,570,867) 136,695 759,786
62,938 2,131,020 (1,570,867) 136,695 759,786
C~harit
General funds 62,139 1,945,438 (1,305,027) 136,695 839,245
62,139 1,945,438 (1,305,027) 136,695 839,245
Balance at Balance at
1April 31March
2019 Income Expenditure Transfers 2020
E f f f
Garou
General funds (19,403) 3,263,428 (3,248,408) 67,321 62,938
(19,403) 3,263,428 (3,248,408) 67,321 62,938
~Charit
General funds (18,073) 1,897,072 (1,884,181) 67,321 62,139
(18,073) 1,897,072 (1,884,181) 67,321 62,139
Unrestricted Restricted Total
funds funds 2021
E f E
Garou
Fixed assets 1,406,431 2,695,052 4,101,483
Net current assets/(liabilities) 73,771 403,066 476,837
Long term liabilities (720,416) (720,416)
759,786 3,098,118 3,857,904
~Charit
Investments 2 2
Fixed assets 1,406,431 2,695,052 4,101,483
Net current assets/(liabilities) (10,105) 403,066 392,961
Long term liabilities (557,083) (557,083)
839,245 3,098p118 3,937,363
Unrestricted Restricted Total
funds funds 2020
E f E
Garou
Fixed assets 1,427,597 2,597,020 4,024,617
Net current (liabilities)/assets (827,576) 162,095 (665,481)
Long term liabilities (537,083) (537,083)
62,938 2,759,115 2,822,053
~Charit
Investments 2 2
Fixed assets 1,427,597 2,597,020 4,024,617
Net current (liabilities)/assets (828,377) 162,095 (666,282)
Long term liabilities (537,083) (537,083)
62,139 2,759,115 2,821,254

RECONCILIATION
ACTIVITIES		 OF
NET
INCOME/(EXPE		 NDITURE) TO
NET
CA		 SH
FLOW
FROM		 OPERATING
2021 2020
E E
Net expenditure for the reporting
period		 1,035,851 (54,732)
Adjustments
for:
Depreciation
charges and impairment		 126,991 127,997
Dividends,
interest		 and rents from investments (161,877) (357,326)
(Increase)/decrease in stocks 11,221 3,062
(Increase)/decrease in debtors (72,446) 119,309
Increase/(decrease) in creditors (492,298) (79,633)
Net cash provided by/(used
in) operating		 activities 447,442 (241,323)
Anal sisofCashandCash
E uivalents
Cash in hand 535,764 64,808
Overdraft
facility		 repayable
on demand		 (154,506)
Total Cash and Cash Equivalents 535,764 89,698
At 1April Cash-flows As at 31
2020 March 2021
E E
Cash 64,808 470,956 535,764
Overdraft
facility		 repayable
on demand		 (154,506) 154,506
Bank loans falling due within one year (23,544) (35,702) (59,246)
Bank loans falling due after more than one year (537,083) (183,333) (720,416)
(650,325) 406,431 (243,894)

Total
Unrestricted Restricted funds
~Grou funds funds 2020
E f f
Income and endowments from:
Donations
and legacies		 750,668 17,080 767,748
Charitable
activities		 482,806 329,908 812,714
Other trading activities 1,986,274 250 1,986,524
Other 43,680 43,680
Totaiincome and endowments 3,263,428 347,238 3,610,666
Expenditure
on:
Charitable
activities		 3,248,408 416,990 3,665,398
Total expenditure 3,248,408 416,990 3,665,398
Net income/(expenditure) 15,020 (69,752) (54,732)
Transfers between
funds		 67,321 (67,321)
Net movement infunds 82,341 (137,073) (54,732)
Reconciliation ofFunds
Total funds brought forward (19,403) 2,896,188 2,876,785
Total funds carried forward 62,938 2,759,115 2,822,053
Charity
Income and endowments from:
Donations
and legacies		 750,668 17,080 767,748
Charitable
activities		 482,806 329,908 812,714
Other trading activities 374,518 250 374,768
Other 289,080 289,080
Totalincome and endowments 1,897,072 347,238 2,244,310
Expenditure
on:
Charitable
activities		 1,884,181 416,990 2,301,171
Total expenditure 1,884,181 416,990 2,301,171
Net incomej(expenditure) 12,891 (69,752) (56,861)
Transfers between
funds		 67,321 (67,321)
Net movement
in funds		 80,212 (137,073) (56,861)
Reconciliation
of Funds
Total funds brought forward (18,073) 2,896,188 2,878,115
Totalfunds carried forward 62,139 2,759,115 2,821,254