2022-03-31-accounts - Chapter (Cardiff) Limited

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Contents		Page
Report ofthe Trustees		1-14
Auditors' Report		15-17
Consolidated Statement of Financial Activities		18
Statement of Financial Activities —Charity	Only	19
Consolidated Balance Sheet		20
Balance Sheet —Charity Only		21
Cash Flow Statement		22
Notes to the Financial Statements		23-55

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
					CF5 1QE
Trustees					Catdn Daniel
					Ewan Hilton
					Stephen Meade
					Romy Johnson —resigned 22/9/21
					Flin Wyn —resigned	22/9/21
					Alun Jones
					Villida Catryn Ramasut
					Robert Andrews —resigned			22/9/21
					Benedict Borthwick
					Laurence Khan
					Kami Lamakan - appointed			22/9/21
					Sarah Lee-Ling Chan	—appointed			7/4/22
Company	Secretary				Sharon Stone
Key Management		Personnel			5Stone —Interim Co-Director/Director,						Finance and Resources
					H Firth —intedm	Co-Director/Director					of Programme	and	Deputy
					Director
					EJohnson —Director, External Relations						Resigned November 2021
					KParsons- Chapter	Trading		Limited		Resigned Apdl 2022
Principal Bankers					Lloyds Bank
					514Cowbridge Road East
					Cardiff
					CF5 1BL
Auditors					Azets Audit Services
					Chartered Accountants		BLStatutory			Auditors
					Ty Derw
					Lime Tree Court
					Cardiff Gate Business Park
					Cardiff
					CF23 BAB

		Note	2022	2022	2021	2021
					E	E
Fixed assets:
Tangible assets		13		4,112,566		4,101,483
Current assets:
Stocks		16	23,910		12,254
Debtors		17	284,687		157,225
Bank and cash balances			1517,809		535,764
			1,826,406		705,243
Debilities:
Creditors: Amounts	falling due within one
year		18	(349,822)		(228,406)
Net current assets/(liabilities)				1,476,584		476,837
Total assets less current liabilities				5,589,150
						4,578,320
Creditors: Amounts	falling due after more
than one year		19		662,756		720,416
Net assets				4,926,394		3,857,904
The funds ofthe charity:
Restdicted income funds		22		3,092,853		3,098,118
Unrestricted income funds		24	1,693,541		759,786	759,786
Designated funds		23	~140000
				1,833,541		759,786
Totalcharltyfunds		25		4,926,394		3,857,904

						Note	2022	2021
							E	E
Net cash used in operating	activities					28	876,474	447,442
Cash flows from investing	activities:
Dividends, interest and rents from investments						5	312,702	161,877
Purchase of property plant	and equipment					1~	~257.335)	)233,557)
Net cash provided by investing activities							155,067	(41,980)
Cash flows from financing	activities:
Repayments ofborrowing							(49,500)
New borrowing received								220,000
Net cash used in financing	activities						(49,500)	220,000
Change in cash and cash equivalents		in the	reporting	period			982,041	625,462
Cash and cash equivalents	at the beginning		ofthe reporting		period		535,768	(89,698)
Cash and cash equivalents	at the end	ofthe	reporting	period		28	1,517,809	535,764

NCOME FROM	DON	ATIONS AND LEGACIES
			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
~Grou			f	E	E	E
Donations*			48,836	3,000	51,836	97,207
Grants			739,622		739,622	1,097,465
Membership			1,917		1,917	2,783
Sponsorship			16,250		16,250
			806,625	3,000	809,625	1,197,455
Grants were received from the following:
Arts Council of	Wales —Core Grant Funding		664,622		664,622	664,620
Arts Council of	Wales —Stabilisation					175,000
BFIOrganisation	awards		75,000		75,000	45,000
Cardiff Council						35,000
Welsh Government		Resilience				177,845
			739,622		739,622	1,097,465

			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
Charity			f	E	E	f
Donations'			48p836	3,000	51,836	97,207
Grants			739,622		739,622	1,004,465
Membership			1,917		1,917	2,783
Sponsorship			16,250		16,250
			806,625	3,000	809,625	1,104,455
Grants were received from the following:
Arts Council of	Wales- Core Grant Funding		664,622		664,622	664,620
Arts Council of	Wales —Stabilisation					175,000
BFIOrganisation	awards		75,000		75,000	45,000
Cardiff Council						20,000
Welsh Government		Resilience				99,845
			739,622		739,622	1,004,465

	Unrestricted	Restricted	rotal	Total
	funds	funds	2022	2021
~Grou		E	E	E
BFI		13,167	13,167	8,900
Cinema	157,180	1,538	158,718	9,306
Film education	2,483		2,483	2,083
Grants	1,023,209	622,690	1,645,899	1,936,527
Events	2,154		2,154
Theatre	23,700		23,700	2,288
	1,208,726	637,395	1,846p121	1,959,104

~Grou
Grants were received	from	the following:
				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021
				E		E	E
Project funding:
Art fund							36,000
Arts Council ofWales —Connect			and
Flourish					96,198	96,198
Arts Council ofWales —Cultural
Recovery Fund				1,021,709		1,021,709	558,993
Arts Council ofWales —Experimentica							15,727
Arts Council ofWales- Resilience					4,800	4,800	1,208
Ashley foundation							5,000
British Film Industry	Hub				230,000	230,000	248,443
British Film Industry	Hub —Clwster						2,000
British Film Industry	Hub —Diversity				55,000	55,000	45,000
British Film Industry	Hub —Education
Feasibility					600	600
British Film Industry	Hub —Japan				3,906	3,906
British Film Industry	Hub -	Midlands					1,500
British Film Industry	Hub —Sharing
Together							200
British Film Industry	Hub —VEF				55,000	55,000
Cardiff Council - Road Crossing							1,500
Creu Cymru							1,000
Ffilm Cymru					4,400	4,400	14,800
Foyle Foundation							30,000
Garfield Weston							75,000
Henry Moore Foundation							4,000
HMRC Job Retention	Scheme				7p754	7,754	604,954
HMRC Kickstart				1,500		1,500
Moondance Foundation							90,977
Simon Gibson Trust							10,000
Theatre's Trust							5,000
WCA					1,410	1,410
WCVA —Third Sector Resilience			Fund		15,000	15,000	60,000
Welsh Government	Made	in Wales			27,611	27,611
Capital:
Arts Council Wales —Cafe		Bar			114,800	114,800	104,197
Arts Council ofWales —Cultural
Recovery Fund					6,211	6,211	21,028
				1,023,209	622,690	1,645,899	1,936,527

	Unrestricted	Restricted	Total	Total
Charity	fundsf	funds f	2022f	2021 f
BFI		13,167	13,167	8,900
Cinema	157,180	1,538	158,718	9,306
Film education	2,483		2,483	2,083
Grants	1,023,209	622,690	1,645,899	1,589,038
Events	2,154		2,154
Theatre	23,700		23,700	2,288
	1,208,726	637,395	1,846,121	1,611,615

Charity
			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
			E	E	E	f
Project funding:
Art fund						36,000
Arts Council Wales -Connect and
Flourish				96,198	96,198
Arts Council ofWales —Cultural
Recovery Fund			1,021,709		1,021,709	558,993
Arts Council ofWales —Experimentica						15,727
Arts Council ofWales —Resilience				4,800	4,800	1,208
Ashley foundation						5,000
British Film Industry	Hub			230,000	230,000	248,443
British Film Industry	Hub —Clwster					2,000
British Film Industry	Hub —Diversity			55,000	55p000	45,000
British Film Industry	—Film Education
Feasibility Grant				600	600	1,500
British Film Industry	—Japan			3,906	3,906
British Film Industry	Hub —Sharing
Together						200
British Film Industry	—VEF			55,000	55,000
Cardiff Council —Road Crossing						1,500
Creu Cymru						1,000
Ffilm Cymru				4,400	4,400	14,800
Foyle Foundation						30,000
Garfield Weston						75,000
Henry Moore Foundation						4,000
HMRC Job Retention	Scheme			7,754	7,754	257,465
HMRC Kicksta rt			1,500		1,500
Moondance Foundation						90,977
Simon Gibson Trust						10,000
Theatre's Trust						5,000
WCA				1,410	1,410
WCVA —Third Sector Resilience		Fund		15,000	15,000	60,000
Welsh Government	Made in Wales			27,611	27,611
Capital:
Arts Council Wales —Cafe Bar				114,800	114,800	104,197
Arts Council ofWales —Cultural
Recovery Fund				6,211	6,211	21,028
			1,023,209	622,690	1,645,899	1,589,038

	INCOME FROM OTHER	TRADING ACTI	VITIES
			Unrestricted	Restricted	Total	Total
	~Grou		funds E	funds E	2022f	2021 E
	Facilities and property	income	312,702		312,702	161,877
	Trading subsidiaries		1,200,181		1,200,181	92,582
			1,512,883		1,512,883	254,459
	Charity
	Facilities and property	income	312,702		312,702	161,877
			312,702		312,702	161,877
6.	INCOME FROM OTHER	SOURCES
			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
	~Grou		E		E
	Other income		5,743	779	6,522	2,470
	Insurance		6,929		6,929	6,989
			12,672	779	13,451	9,459
	Charity
	Other income		5,743	779	6,522	2,470
	Insurance		6,929		6,929	6,989
			12,672	779	13,451	9,459

		FOR THE YEAR ENDED	FOR THE YEAR ENDED	FOR THE YEAR ENDED	FOR THE YEAR ENDED	31MARCH 202	2
7. EXPENDITURE		ON CHARITABLE ACTIVITIES
					Grants			Total	Total
~Grou				Direct E	payable E	Support	Governance	2022	2021 f
Audit fees							5,740	5,740	7,050
Bad debts				(268)				(268)	4,529
BFIproject costs				7,728	88,889			96,617	177,277
Cinema distributors
payments				83,545				83,545	5,520
Cleaning				62,545				62,545	12,512
Credit card charges				240				240	80
Depreciation				146,552				146,552	126,990
Electricity				67,888				67,888	31,189
Equipment repairs				14,625				14,625	9,750
Event costs				818				818
Gallery production		costs		13,448				13,448	16,791
Gas				22,546				22,546	14,903
Health &safety, security				6,404				6,404	6,463
Insura nces				31,014				31,014	26,619
Interest &charges				31,893				31,893	25,233
Irrecoverable	VAT			739				739	1,144
ITsupport costs				1,381		1,381		2,762	11,804
Professional	& Legal		fees	10,248				10,248	54,038
Licences				27,728				27,728	27,755
Maintenance				37,717				37,717	56,579
Marketing, press, PR				38,098				38,098	4,159
Other direct	costs			160,069				160,069	14,488
Photocopying				2,642		2,642		5,284	5,574
Postage				199				199	980
Rates				6,380				6,380	5,810
Refuse collection				7,191				7,191	2,069
Rent				1,550				1,550	1,222
Stationery				1,099				1,099	995
Subscriptions				5,131				5,131	4,085
Sundries						1,227		1,227	1,041
Telephone/fax				11,125				11,125	9,156
Theatre productions			and
producer's	payments			19,807				19,807	3,144
Training				2,195		2,195		4,389	4,840
Travel				2,853				2,853	363
Wages and salaries				1,027,100				1,027,100	1,090,949
Water charges				12,444				12,444	6,195
				1,864,674	88,889	7,445	5,740	1,966,747	1,771,296
Trading subsidiaries				1,146,842				1,146,842	613,330
				3,011,516	88,889	7,445	5,740	3,113,590	2,384,626

					Grants			Total	Total
				Direct	payable	Support	Governance	2022	2021
Charity				E	E	E		E	E
Audit fees							5,740	5,740	7,050
Bad debts				(268)				(268)	4,529
BFI project costs				7,728	88,889			96,617	177,277
Cinema distributors
payments				83,545				83,545	5,520
Cleaning				62,545				62,545	12,512
Credit card	charges			240				240	80
Depreciation				146,552				146,552	126,990
Electricity				67,888				67,888	31,189
Event costs				14,625				14,625	9,750
Equipment	repairs			818				818
Gallery production			costs	13,448				13,448	16,791
Gas				22,546				22,546	14,903
Health &safety, security				6,404				6,404	6,463
Insurances				31,014				31,014	26,619
Interest g charges				31,893				31,893	25,233
Irrecoverable		VAT		739				739	1,144
ITsupport costs				1,381		1,381		2,762	11,804
Professional		fees		10,248				10,248	54,038
Licences				27'728				27,728	27,755
Maintenance				37,717				37,717	56,579
Marketing,	press, PR			38,098				38,098	4,159
Other direct		costs		160,069				160,069	14,489
Photocopying				2,642		2,642		5,284	5,574
Postage				199				199	980
Rates				6,380				6,380	5,810
Refuse collection				7,191				7,191	2,069
Rent				1,550				1,550	1,222
Stationery				1,099				1,099	995
Subscriptions				5,131				5,131	4,085
Sundries						1,226		1,226	1,041
Telephone/fax				11,125				11,125	9,156
Theatre productions			and
producers		payments		19,807				19,807	3,144
Training				2,195		2,195		4,389	4,841
Travel				2,853				2,853	363
Wages and	salaries			1,027,100				1,027,100	1090,949
Water charges				12,444				12,444	6,195
				1,864,674	88,889	7,444	5,740	1,966,747	1,771,297

				Total	Total
				2022	2021
				E	E
COVID-19	Resilience				97,141
Strategic Network			Award		11,500
Film Exhibition		Fund			51,952
Wales Youth Festival Network				9,390
Deaf Project				18,000
Off YGrid				10,000
FEFOpen	Call			26,250
Animation	Festivals			8,000
Film Clubs				8,560
Iris on the	Move			3,000
Indie Cinema				1,400
Slate Ik Slavery				1,840
Pitch Plot				2,449
				88,889	160,593

		Total	Total
		2022	2021
			f
~Grou
Wages and	salaries	1,466,550	1,452,607
Social security costs		100,390	99,491
Employers	pension	53,623	27,442
Redundancy	costs		32,966
		1,620,563	1,612,506
tharitK
Wages and	salaries	905,583	964,286
Social security costs		75,935	73,959
Employers	pension	45,582	19,738
Redundancycosts			32,966
		1,027,100	1,090,949

							2022	2021
~Grou							No	No
Average	number	ofpeople	employed	by	the	group	94	80
Charity
Average	number	ofpeople	employed	by	the	charity	43	49

his is stated a	fter chargin	g:
			Group		Charity
			2022	2021	2022	2021
			E	f	E	f
Rentals under	operating	leases	14,754	14,754	14,754	14,754
Depreciation			146,552	126,991	146,552	126,991
Auditor's remuneration:
Audit fees			9,140	8,450	4,990	5,050
Accountancy	services		750	750	750	750

			Total	Total
			2022	2021
			E	6
Bank	loan	interest	24,786	18,410

NVESTMENTS
	Investments
	in group
	undertakings
Ch~ritg	f
Cost as at 31March 2021
Cost as at 31March 2022

				Total	Total
				2022	2021
				f	f
Turnover				1,140,994	80,200
Cost ofsales and administration		costs		~3,146,643	(615,691)
Operating profit				(5,8491	(535,491)
Otherincome				59,187	455,232
(Loss)/profit for the year				53,338	(80,259)
Assets and liabilities:
Total assets				258,009	140,284
Total liabilities				(284,125)	(219,738)
Aggregate share capital and reserves				(26,116)	(79,454)
Statement ofchanges	in equity
			Share	Profit and	2022
			capital f	loss reserve f	Totalf
Balance at 1April 2021			2	(79,456)	P9,454)
Year ended 31March	2022
(Loss) and total comprehensive		income for the
year				53,338	53,338
Balance at 31March	2022		2	(26,118)	(26,116)

		Group		Charity
		2022	2021	2022	2021
		E	E	f	E
Caffi	bar	23,910	10,382
Shop			1,872		1,872
		23,910	12,254		1,872

DEBTORS
			Group		Charity
			2022	2021	2022	2021
			E	f	E	E
Trade debtors			36,170	37,381	36,195	9,147
Prepayments	and accrued income		248,157	102,256	242,089	63,256
Other debtors				17,588		12,151
Due from subsidiary		undertakings			7,960
			284,687	157,225	286,244	84,554

			Group		Charity
			2022	2021	2022	2021
			f	f	f	f
Bank loan and overdraft			67,406	59,246	28,386	22,579
Trade creditors			129,649	54,998	83,730	49,566
Amounts due to subsidiary		company
undertakings						32,099
Taxation and social security			51,935	25,748	15,646	19,061
Other creditors			9,373	15,676	6,476	12,207
Accruals and deferred	income		91,459	72,738	67,640	68,588
			349,822	228,406	201,878	204,100

		2022	2021
		f	f
Ticket	sales		3,062
		3,046	3,062

			2022	2021
				f
Balance	brought	forward	3,062	144,864
Income	received		2,169,140	1,715,624
Income	released		(2,169,156)	(1,857,426)
Balance	carried	forward	3,046	3,062

			Group		Charity
			2022	2021	2022	2021
			E	f	E	f
Charity	Bank	loan	511,109	537,083	511,109	537,083
CBILS			126,647	163,333
WCVA			25,000	20,000	25,000	20,000
			662,756	720,416	536,109	557,083

		Group		Charity
		2022	2021	2022	2021
		E	E	E	f
Bank loan		538,495	559,662	538,495	559,662
CBILSloan		166,667	200,000
WCVA		25,000	20,000	25,000	20,000
		730,162	779,662	563,495	579,662
Less amounts	falling due within one
year		(67,406)	(59,246)	(28,386)	(22,579)
		662,756	720,416	535,109	557,083

Repayable by	Repayable by	instalrnents
					Group					Charity
					2022			2021		2022			2021
					f			E		E			f
Within one	year				67,873		59,246			27,873			22,579
Between 2	and 5years				142,667		142,667			106,000		106,000
After 5years					519,622		577,749			429,622		451,083
The bank loan		is secured on the freehold		land	and buildings		known as		Market House, Market				Road,
Cardiff, CFS	1QE. The bank overdraft		issecured against a second					legal charge over the freehold					land
and buildings		known as Market House,		Market Road, Cardiff, CF5 1QE and an unlimited							debenture
incorporating		a fixed and floating	charge. The property			has a		carrying		value of E263,532		(2021:
F274,652).
OPERATING	LEASES —GROUP AND		CHARITY
					Land &Buildings					Other
					2022			2021		2022			2021
					E				f	E			f
Falling due:
1-2years					1				1	5,495			14,753
2-5 years					4				4	7,896			2,336
&5years					114			115
					119			120		13,391			17,089

					Balance at				Balance at
G~dCh					1April 2021	Income	Expenditure	Transfers	31March 2022
					E	E		6	6
Capital Grants:
Arts Council ofWales		—Cultural		Recovery
Fund						6,211		(6,211)
ACW Capital Cafe Bar						114,800		(114,800)
Chapter Building					2,695,052		(117,241)		2,577,811
					2,695,052	121~011	(117p241)	(121,011)	2,577,811
Revenue and Project		Grants:
Art fund					36,000	504	(39,213)	2,709
Art Fund - Save Our	Sculpture				482
Arts Council ofWales		—Connect		and
Flourish						96,198	(16,118)		80,080
Arts Council ofWales		—Experimentica			15,727	1,034	(23,540)		(6,779)
Arts Council ofWales		—Resilience				4,800	(510)		4,290
Ashley Foundation					5,000		(2,300)		2,700
BFI Film Education	Feasibility Grant				2,171	600			2,771
British Film Industry	—Film Hub Wales				55,681	231,667	(154,382)	(11,718)	121,248
British Film Industry	Hub		—Anim18		1,204				1,204
British Film Industry	Hub		—Clwster		178				178
British Film Industry	Hub		—Diversity		21,586	66,500	(41,449)	(7,282)	39,355
British Film Industry-		Film Fees			825				825
British Film Industry-		Japan				3,906	(49)		3,857
British Film Industry	Hub		—Sharing
Together					727				727
British Film Industry	—VEF					55,778	(15,859)		39,919
Cardiff University					9,500				9,500
Contemporary Art					3,000				3,000
Darkley Trust					1,765				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			16,793	4,200			20,993
Film Cymru —Connector			Fund		265	200	(465)
Foyle Foundation					30,000				30,000
Garfield Weston Foundation					75,000				75,000
Henry Moore Foundation					7,000		(1,291)	(2,709)	3,000
Henry Moore Foundation			—Garth Evans		2,000				2,000
HMRC Coronavirus	Job Retention Scheme					7,755	(7,755)
Lightbox					4,000	3,000	(7,000)
PRSF					6,500		(8,050)		(1,550)
Rayne Foundation					20,059				20,059
Theatre Trust					5,000				5,000
WCA						1,410	(896)		514
WCVA —Third Sector		Resilience		Fund	60,000	15,000	(44'794)		30,206
Welsh Government	Made in Wales				(5,778)	27,611	(23,516)	(2,000)	(3,6$3)
					403,066	520,163	(387,1$7)	(21,000)	515,042
					3,098,118	641,174	(504,428)	(142,011)	3,092,853

			Balance at				Balance at
			1April				31March
~Grou			2020 f	Income f	Expenditure f	Transfers f	2021f
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
CardiffCounty 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				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	(4,908)		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	lob 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
			2,759,115	1,289,457	(813,759)	(136,695)	3,098,118

22. RESTRICTED	FUNDS (continued)	FUNDS (continued)	FUNDS (continued)	FUNDS (continued)
Etgy(siitgyggt					Balance at				Balance at
					1April				31March
Charity					2020	Income	Expenditure	Transfers	2021
							E		E
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				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	(4,908)		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		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)		5778
					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
	~Gd	Ch	1April 2021	Income	Expenditure	Transfers	31March 2022
			E	6	6	f	f
	Emergency	fund				140,000	140,000
						140,000	140,000
24.	UNRESTRICTED FUNDS
			Balance at				Balance at
			1April				31March
			2021	Income	Expenditure	Transfers	2022
			E	6	6	6	E
	~Grou
	General funds		759,786	3,540,906	(2,609,162)	(137,989)	1,553,541
			759,786	3,549,906	(2,609,162)	(137,989)	1,553,541
	Charity
	General funds		839,245	2,340,725	(1,462,319)	(137,989)	1,579,662
			839,245	2,340,725	(1,462,319)	(137,989)	1,579,662
			Balance at				Balance at
			1April				31March
			2020	Income	Expenditure	Transfers	2021
			E	E	E	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
	Charity
	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

	Unrestricted	Designated	Restricted	Total
	funds E	Funds f	funds f	2022f
~Grou
Fixed assets	1,534,755		2,577,811	4,112,566
Net current assets/(liabilities)	821,075	140,000	515,042	1,476,117
Long term liabilities	(662,289)			(662,289)
	1,693,541	140,000	3,092,853	4,926,394
Charity
Investments	2			2
Fixed assets	1,534,755		2,577,811	4,112,566
Net current assets/(liabilities)	720,527	140,000	515,042	1,375,569
Long term liabilities	(535,622)			(535,622)
	1,719,662	140,000	3,092,853	4,952,515
	Unrestricted	Restricted	Total
	funds	funds	2021
	E	E	E
~Grou
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
Charity
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,ll83)		(557,083)
	839,245	3,098,118	3,937,363

ACTIVITIES
									2022	2021
									E	E
Net expenditure		for the reporting			period				1,068,490	1,035,851
Adjustments	for:
Depreciation charges and impairment									146,554	126,991
Dividends,	interest		and rents	from	investments				(312,702)	(161,877)
(Increase)/decrease			in stocks						(11,656)	11,221
(Increase)/decrease			in debtors						(127,463)	(72,446)
Increase/(decrease)			in creditors						113,256	(492,298)
Net cash provided			by/(used	in) operating		activities			876,477	447,442
An I i of	sh	and Cash E		uiv	lent
Cash in hand									1,517,809	535,764
Total Cash	and Cash Equivalents								1,507,809	535,764
							At	1April	Cash-flows	As at 31
								2021		March 2022
								E		f
Cash							535,764		1,453,001	1,517,809
Bank loans	falling		due within	one	year		(59,246)		(8,627)	(67,873)
Bank loans	falling		due after more		than one	year	(720,416)		58,127	(662,289)
							(243,894)		1,502,501	787,647

COMPARATIVE STATEME	NT OF FINANCIAL	ACTIVITIES
				Total
		Unrestricted	Restricted	funds
~Grou		funds	funds	2021
		E	E	E
Income and endowments	from:
Donations and legacies		1,193,455	4,000	1,197,455
Charitable activities		673,647	1,285,457	1,959,104
Other trading activities		254,459		254,459
Other		9,459		9,459
Total income and endowments		2,131,020	1,289,457	3,420,477
Expenditure on:
Charitable activities		1,570,867	813,759	2,384,626
Total expenditure		1,570,867	813,759	2,384,626
Netincome/(expenditure)		560,153	475,698	1,035,851
Transfers between funds		136,695	(136,695)
Net movement infunds		696,848	339,003	1,035,851
Reconciliation of Funds
Total funds brought forward		62,938	2,759,115	2,822,053
Totalfunds carried forward		759,786	3,098,118	3,857,904
Charity
Income and endowments	from:
Donations and legacies		1,100,455	4,000	1,104,455
Charitable activities		673,647	937,968	1,611,615
Other trading activities		161,877		161,877
Other		9,459		9,459
Totalincome and endowments		1,945,438	941,968	2,887,406
Expenditure on:
Charitable activities		1,305,027	466,270	1,771,297
Total expenditure		1,305,027	466,270	1,771,297
Net income/(expenditure)		640,411	475,698	1,116,109
Transfers between funds		136,695	(136,695)
Net movement infunds		777,106	339,003	1,116,109
Reconciliation ofFunds
Total funds brought forward		62,139	2,759,115	2,821,254
Totalfunds carried forward		839,245	3,098,118	3,937,363