|Contents|||Page|
|---|---|---|---|
|Report ofthe Trustees|||1-16|
|Auditors'<br>Report|||17-19|
|Consolidated<br>Statement of Financial Activities|||20|
|Statement of FinancialActivities|—Charity|Only|21|
|Consolidated<br>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<br>(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<br>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<br>Accountants<br>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<br>E|funds<br>E|2021f|2020<br>E|
|Income and endowments|from:||||||
|Donations<br>and legacies|||1,193,455|4,000|1,197,455|767,748|
|Charitable<br>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<br>on:|||||||
|Charitable<br>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<br>between<br>funds||22 23|136,695|(136,695)|||
|Net movement<br>in funds|||696,848|339,003|1,035,851|(54,732)|
|Reconciliation<br>of Funds|||||||
|Total funds brought<br>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<br>and legacies|||1,100,455|4,000|1,104,455|767,748|
|Charitable<br>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<br>on:|||||||
|Charitable<br>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<br>funds||22.23|136,695|(136,695)|||
|Net movement in funds|||777,106|339,003|1,116,109|(56,861)|
|Reconciliation<br>of Funds|||||||
|Total funds brought<br>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<br>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<br>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<br>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,<br>interest and rents from investments||||||5|161,877|357,326|
|Purchase of property<br>plant|and equipment|||||13|(203,857)|(54,805)|
|Net cash provided<br>by investing<br>activities|||||||(41,980)|302,521|
|Cash flows from financing|activities:||||||||
|Repayments<br>of borrowing||||||||(22,578)|
|New borrowing<br>received|||||||220,000||
|Net cash used in financing|activities||||||220,000|(22,578)|
|Change<br>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<br>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<br>f|2021f|2020<br>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<br>Award||||60,000|
|British Council —Travel||||1,900|
|British Council- Canada<br>AE Travel||||4,400|
|British Film Industry<br>Hub||248,443|248,443|210,000|
|British Film Industry<br>Hub —Clwster||2,000|2,000|8,000|
|British Film Industry<br>Hub —Diversity||45,000|45,000|45,000|
|British Film Industry Hub-|||||
|Education<br>Feasibility||||2,400|
|British Film Industry<br>Hub - Midlands||1,500|1,500||
|British Film Industry<br>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<br>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<br>Scheme||604,954|604,954||
|Moondance<br>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<br>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<br>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<br>continued|funds<br>E|funds<br>E|2021f|2020<br>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<br>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.<br>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<br>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<br>remuneration:|||||||
|Audit fees|||8,450|7,100|5,050|4,500|
|Accountancy|services||1,500|1,500|750|750|



## 

## 

## 

## 

||||Total|Total|
|---|---|---|---|---|
||||2021f|2020<br>E|
|Bank|loan|interest|18,410|28,682|





## 

## 

## 

|ANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
|||1mprove-||||
||Freehold<br>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<br>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<br>profit||||(535,491)|163,584|
|Management<br>charge|paid to Chapter (Cardiff) Limited||||(245,400)|
|||||(535,491)|(81,816)|
|Other income||||455,232|81,845|
|(Loss)/profit<br>for the year||||(80,259)|29|
|Assets and liabilities:||||||
|Tota I assets||||140,284|174,466|
|Total liabilities||||(219,738)|(173,661)|
|Aggregate<br>share capital and reserves||||(79,454)|805|
|Statement<br>ofchanges|in equity|||||
||||Share|Profit and|2020|
||||capitalf|loss reserve<br>E|Total<br>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<br>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<br>within accruals and|||deferred|income above isthe|following|deferred income:||
|||||||2021f|2020<br>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<br>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<br>—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<br>Art||||||3,000||||3,000|
|Creu Cymru|||||||1,000|(1,000)|||
|Darkley Trust||||||2,165||(400)||1,765|
|Dunhill<br>Medical Foundation||||||13,431||||13,431|
|Ewart Parkinson<br>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<br>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<br>Film Industry|Hub|—Film Fees||||1,500|(675)||825|
|British<br>Film Industry|Hub|—Sharing||||||||
|Together|||||462|200||65|727|
|Cardiff Council —Road Crossing||||||1,500|(1,500)|||
|Cardiff University|||||9,500||||9,500|
|Contemporary<br>Art|||||3,000||||3,000|
|Creu Cymru||||||1,000|(1,000)|||
|Darkley Trust|||||2,165||(400)||1,765|
|Dunhill<br>Medical Foundation|||||13,431||||13,431|
|Ewart Parkinson<br>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<br>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<br>—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<br>Art||||3,000||||3,000|
|Darkley Trust|||||4,080|(1,915)||2,165|
|Dunhill<br>Medical Foundation||||13,431||||13,431|
|Esmee Fairbairn||||1,174|||(1,174)||
|Ewart Parkinson<br>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<br>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<br>ACTIVITIES||OF<br>NET<br>INCOME/(EXPE|NDITURE)|TO<br>NET<br>CA|SH<br>FLOW<br>FROM|OPERATING|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Net expenditure|for the reporting<br>period||||1,035,851|(54,732)|
|Adjustments<br>for:|||||||
|Depreciation<br>charges and impairment|||||126,991|127,997|
|Dividends,<br>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<br>in) operating|activities||447,442|(241,323)|
|Anal sisofCashandCash<br>E uivalents|||||||
|Cash in hand|||||535,764|64,808|
|Overdraft<br>facility|repayable<br>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<br>facility|repayable<br>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<br>and legacies||750,668|17,080|767,748|
|Charitable<br>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<br>on:|||||
|Charitable<br>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<br>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<br>and legacies||750,668|17,080|767,748|
|Charitable<br>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<br>on:|||||
|Charitable<br>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<br>funds||67,321|(67,321)||
|Net movement<br>in funds||80,212|(137,073)|(56,861)|
|Reconciliation<br>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|