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





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|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<br>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<br>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<br>Road East|||||||||
||||||Cardiff|||||||||
||||||CF5 1BL|||||||||
|Auditors|||||Azets Audit Services|||||||||
||||||Chartered<br>Accountants||BLStatutory|||Auditors||||
||||||Ty Derw|||||||||
||||||Lime Tree Court|||||||||
||||||Cardiff Gate Business Park|||||||||
||||||Cardiff|||||||||
||||||CF23 BAB|||||||||





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|||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<br>income funds||24|1,693,541||759,786|759,786|
|Designated<br>funds||23|~140000||||
|||||1,833,541||759,786|
|Totalcharltyfunds||25||4,926,394||3,857,904|





## 




|||||||Note|2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Net cash used<br>in operating|activities|||||28|876,474|447,442|
|Cash flows from investing|activities:||||||||
|Dividends,<br>interest<br>and rents from investments||||||5|312,702|161,877|
|Purchase of property<br>plant|and equipment|||||1~|~257.335)|)233,557)|
|Net cash provided<br>by investing<br>activities|||||||155,067|(41,980)|
|Cash flows from financing|activities:||||||||
|Repayments<br>ofborrowing|||||||(49,500)||
|New borrowing<br>received||||||||220,000|
|Net cash used in financing|activities||||||(49,500)|220,000|
|Change<br>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|





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|NCOME FROM|DON|ATIONS<br>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<br>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<br>f|2022f|2021<br>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<br>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<br>E|funds<br>E|2022f|2021<br>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.<br>EXPENDITURE||ON CHARITABLE ACTIVITIES||||||||
||||||Grants|||Total|Total|
|~Grou||||Direct<br>E|payable<br>E|Support|Governance|2022|2021<br>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<br>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,<br>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<br>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<br>remuneration:|||||||
|Audit fees|||9,140|8,450|4,990|5,050|
|Accountancy|services||750|750|750|750|



## 

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





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## 



## 

## 

|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<br>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<br>share capital and reserves||||(26,116)|(79,454)|
|Statement ofchanges|in equity|||||
||||Share|Profit and|2022|
||||capital<br>f|loss reserve<br>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<br>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<br>by|Repayable<br>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<br>2021|Income|Expenditure|Transfers|31March<br>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<br>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<br>Art|||||3,000||||3,000|
|Darkley Trust|||||1,765||||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|||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<br>f|Income<br>f|Expenditure<br>f|Transfers<br>f|2021f|
|Capital Grants:||||||||
|Arts Council ofWales —Cultural<br>Recovery||||||||
|Fund||||21,028|(21,028)|||
|Chapter<br>Building|||2,583,457|104,197|111,595|(104,197)|2,695,052|
|CardiffCounty<br>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||||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<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|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.<br>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<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||||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<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)||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<br>2021|Income|Expenditure|Transfers|31March<br>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<br>E|Funds<br>f|funds<br>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<br>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<br>I<br>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<br>activities||673,647|1,285,457|1,959,104|
|Other trading<br>activities||254,459||254,459|
|Other||9,459||9,459|
|Total income and endowments||2,131,020|1,289,457|3,420,477|
|Expenditure<br>on:|||||
|Charitable<br>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<br>funds||136,695|(136,695)||
|Net movement infunds||696,848|339,003|1,035,851|
|Reconciliation of Funds|||||
|Total funds brought<br>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<br>activities||673,647|937,968|1,611,615|
|Other trading<br>activities||161,877||161,877|
|Other||9,459||9,459|
|Totalincome and endowments||1,945,438|941,968|2,887,406|
|Expenditure<br>on:|||||
|Charitable<br>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|