2023-03-31-accounts - Chapter (Cardiff) Limited

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Contents		Page
Report ofthe Trustees		1-17
Auditors' Report		18-20
Consolidated Statement	ofFinancial Activities	21
Statement of Financial	Activities —Charity Only	22
Consolidated Balance Sheet		23
Balance Sheet —Charity	Only	24
Cash Flow Statement		25
Notes to the Financial Statements		26-55

REFERENCE AND	REFERENCE AND	AD	M	INISTRATIV	E DETAILS	E DETAILS	E DETAILS	E DETAILS
Charity Name					Chapter (Cardiff) Limited
Company	Registration			Number	01005570
Charity Registration			Number		500813
Registered	Office				Chapter Arts Centre
					Market Road
					Canton
					Cardiff
					CFS1QE
Trustees					Catrin Daniel
					Ewan Hilton
					Stephen Meade
					Alun Jones
					Villida Ramasut
					Benedict Borthwick-		resigned			28/6/23
					Laurence Khan
					Kami Lamakan	(Chair)
					Sarah Lee-Ling	Chan	—appointed				07/04/2022
					Lauren Orme —appointed				28/6/23
					Naomi Stocks —appointed				28/6/23
Company	Secretary				Sharon Stone
Key Management		Personnel			H Firth -Co-Director/Director					of	Programme		and Deputy Director
					5Stone -Co-Director/Director,					Finance and Resources
Principal Bankers					Lloyds Bank
					514Cowbridge	Road	East
					Cardiff
					CFS 1BL
Auditors					Azets Audit Services
					Chartered Accountants			&	Statutory			Auditors
					Ty Derw
					Lime Tree Court
					Cardiff Gate Business			Park
					Cardiff
					CF23 BAB

					Total	Total
			Unrestricted	Restricted	funds	funds
		Note	funds	funds	2023	2022
			E	E	E	E
Income and endowments	from:
Donations and legacies			789,985	5,000	794,985	809,625
Charitable activities			267,638	445,608	713,246	1,846,121
Other trading activities			1,680,318		1,680,318	1,512,883
Other			11,630		11,630	13,451
Total income and endowments			2,749,571	450,608	3,200,179	4,182,080
Expenditure on:
Charitable activities		7	2,929,045	642,134	3,571,179	3,113,590
Total expenditure			2,929,045	642,134	3,571,179	3,113,590
Net income/(expenditure)		10	(179,474)	(191,526)	(371,000)	1,068,490
Transfers between funds		22,23	88,499	(88,499)
Net movementin funds			(90,975)	(280,025)	(371,000)	1,068,490
Reconciliation of Funds
Total funds brought forward		22,23	1,833,541	3,092,853	4,926,394	3,857,904
Totalfunds corriedforward		24,25	1,742,566	2,812,828	4,555,394	4,926,394

					Total	Total
			Unrestricted	Restricted	funds	funds
		Note	funds	funds	2023	2022
			E	E	f	f
Income and endowments	from:
Donations and legacies			796,918	5,000	801,918	809,625
Chadtable activities			267,638	445,608	713,246	1,846,121
Other trading activities			375,635		375,635	312,702
Other			11,630		11,630	13,451
Total income and endowments			1,451,821	450,608	1,902,429	2,981,899
Expenditure on:
Charitable activities		7	1,658,217	642,134	2,300,351	1,966,747
Total expenditure			1,658,217	642,134	2,300,351	1,966,747
Net income/(expenditure)		10	(206,396)	(191,526)	(397,922)	1,015,152
Transfers between funds		22,23	88,499	(88,499)
Net movement in funds			(117,897)	(280,025)	(397,922)	1,015,152
Reconciliation ofFunds
Total funds brought forward		22,23	1,859,662	3,092,853	4,952,515	3,937,363
Total funds carried forward		24,25	1,741,765	2,812,828	4,554,593	4,952,515

					Note	2023	2022
						f	E
Net cash used in operating	activities				28	(367,369)	876,474
Cash flows from investing	activities:
Dividends, interest and rents from investments					5	375,635	312,702
Purchase of property plant	and equipment				13	(95,739)	(157,635)
Net cash provided by investing activities						279,896	155,067
Cash flows from financing	activities:
Repayments ofborrowing						(60,206)	(49,500)
Net cash used in financing	activities					(60,206)	(49,500)
Change in cash and cash equivalents		in the reporting	period			(147,679)	982,041
Cash and cash equivalents	at the beginning ofthe reporting			period		1,517,809	535,768
Cash and cash equivalents	at the end	ofthe reporting	period		28	1,370,130	1,517,809

NCOME FROM	DON	ATIONS AND LEGACIES
			Unrestricted	Restricted	Total	Total
			funds	funds	2023	2022
~Grou			E	f	E	f
Donations*			48,273		48,273	51,836
Grants			741,337		741,337	739,622
Membership			375		375	1,917
Sponsorship				5,000	5,000	16,250
			789,985	5,000	794,985	809,625
Grants were received from the following:
Arts Council of	Wales —Core Grant Funding		674,591		674,591	664,622
BFIOrganisation	awards		60,000		60,000	75,000
Welsh Government		Resilience	6,746		6,746
			741,337		741,337	739,622

		Unrestricted	Restricted	Total	Total
		funds	funds	2023	2022
Charitlf		E	E	E	E
Donations*		48,746		48,746	51,836
Grants		741p337		741,337	739,622
Membership		375		375	1,917
Sponsorship			5,000	5,000	16,250
Gift Aid from Chapter Trading		6,460		6,460
		796,918	5,000	801,918	809,625
Grants were received from the following:
Arts Council of	Wales —Core Grant Funding	674,591		674,591	664,622
Arts Council of	Wales —Cost of Living	6,746		6,746
BFIOrganisation	awards	60,000		60,000	75,000
		741,337		741,337	739,622

	Unrestricted	Restricted	Total	Total
G~dh	funds E	funds E	2023 f	2022 f
BFI		11,292	11,292	13,167
Cinema	221,051		221,051	158,718
Film education	2,442		2,442	2,483
Grants		434,316	434,316	1,645,899
Events				2,154
Theatre	44,145		44,145	23,700
	267,638	445,608	713,246	1,846,121

INCOME FROM CHARITABLE ACTIVITIES GGGdh	(continued)
Grants were received from the following:
	Unrestricted	Restricted	Total	Total
	funds	funds	2023	2022
		E	E	E
Project funding:
Arts & Business		1,046	1,046
Art fund —Joy Labinjo		4,000	4,000
Arts Council ofWales —Connect and
Flourish				96,198
Arts Council ofWales —Cultural
Recovery Fund				1,021,709
Arts Council ofWales —Experimentica		17,818	17,818
Arts Council ofWales —Gwyl Cymru		9,900	9,900
Arts Council ofWales —Perspectives		30,000	30,000
Arts Council ofWales —Resilience				4,800
British Film Industry Hub		210,000	210,000	230,000
British Film Industry Hub —Diversity		45,000	45,000	55,000
British Film industry Hub —Education
Feasibility				600
British Film Industry Hub —Japan				3,906
British Film Industry Hub-
Nottingham		4,500	4,500
British Film Industry Hub —VEF		54,890	54,890	55,000
Ffilm Cymru		15,000	15,000	4,400
Ffilm Cymru —Young Programmers		10,843	10,843
HMRC Job Retention Scheme				7,754
HMRC Kickstart				1,500
WCA				1,410
WCVA —Third Sector Resilience Fund				15,000
Welsh Government Made in Wales		28,819	28,819	27,611
WPD Holiday		2,500	2,500
Capital:
Arts Council Wales —Cafe Bar				114,800
Arts Council ofWales —Cultural
Recovery Fund				6,211
		434,316	434,316	1,645,899

			Unrestricted	Restricted	Total	Total
			funds	funds	2023	2022
	~Grou		E	E	f	f
	Facilities and property	income	375,635		375,635	312,702
	Trading subsidiaries		1,304,683		1,304,683	1,200,181
			1,680,318		1,680,318	1,512,883
	Charity
	Facilities and property	income	375,635		375,635	312,702
			375,635		375,635	312,702
6.	INCOME FROM OTHER	SOURCES
			Unrestricted	Restricted	Total	Total
	G~dh		funds E	funds E	2023 f	2022 f
	Other income		10,705		10,705	6,522
	Insurance		925		925	6,929
			11,630		11,630	13,451

		FOR THE Y	FOR THE Y	FOR THE Y	EAR ENDED	31MARCH 202	3
7. EXPENDITURE		ON CHARITABLE ACTIVITIES
					Grants			Total	Total
~Grou				Direct E	payable E	Support E	Governance	2023 f	2022 f
Audit fees							6,350	6,350	5,740
BFI project costs				126,380	127,959			254,339	96,617
Cinema distributors
payments				100,822				100,822	83,545
Cleaning				73,780				73,780	62,545
Credit card charges				240				240	240
Depreciation				151,791				151,791	146,552
Electricity				71,123				71,123	67,888
Equipment repairs				12,712				12,712	14,625
Event costs				300				300	818
Gallery production		costs		42,121				42,121	13,448
Gas				23,936				23,936	22,546
Health &safety, security				11,391				11,391	6,404
Insurances				39,122				39,122	31,014
Interest 8 charges				44,414				44,414	31,893
Irrecoverable	VAT			1,283				1,283	739
ITsupport costs				1.333		1.333		2,666	2,762
Professional	&Legal		fees	7,503				7,503	10,248
Licences				32,627				32,627	27,728
Maintenance				36,38$				36,388	37,717
Marketing, press, PR				38,991				38,991	38,098
Other direct	costs			150,192				150,192	160,069
Photocopying				2,262		2,262		4,524	5,284
Postage				397				397	199
Rates				10,713				10,713	6,380
Refuse collection				10,955				10,955	7,191
Rent				1,550				1,550	1,550
Stationery				1,490				1,490	1,099
Subscriptions				4,240				4,240	5,131
Sundries						7,241		7,241	1,227
Telephone				13,442				13,442	11,125
Theatre productions			and
producer's	payments			44,851				44,851	19,807
Training				2,$38		2,838		5,676	4,389
Travel				6,823				6,823	2,853
Wages and salaries				1,077,894				1,077,894	1,027,100
Water charges				7,563				7,563	12,444
				2,151,467	127,959	13,674	6,350	2,299,450	1,966,747
Trading subsidiaries				1,271,729				1,271,729	1,146,842
				3,423,196	127,959	13,674	6,350	3,571,179	3,113,590

			Grants			Total	Total
		Direct	payable	Support	Governance	2023	2022
Charithf		E	E	E		E	E
Audit fees BFI project costs Cinema distributors		126,380	127,959		6,350	6,350 254,339	5,740 96,617
payments Cleaning Credit card charges		100,822 74,681 240				100,822 74,681 240	83,545 62,545 240
Depreciation Electricity Event costs Equipment repairs		151,791 71.123 12.712 300				151,791 71,123 12,712 300	146,552 67,888 14,625 818
Gallery production costs Gas Health &safety, security Insurances Interest &charges Irrecoverable VAT ITsupport costs Professional fees Licences Maintenance Marketing, press, PR Other direct costs Photocopying Postage		42,121 23,936 11,391 39,122 44,414 1,283 1.333 7,503 32,627 36,388 38,991 150,192 2,262 397		1.333 2,262		42,121 23,936 11,391 39,122 44,414 1,283 2,666 7,503 32,627 36,388 38,991 150,192 4,524 397	13,448 22,546 6,404 31,014 31,893 739 2,762 10,248 27,728 37,717 38,098 160,069 5,284 199
Rates Refuse collection Rent Stationery Subscriptions Sundries Telephone/fax Theatre productions	and	10,713 10,955 1,550 1,490 4,240 13,442		7,234		10,713 10,955 1,550 1,490 4,240 7,234 13,442	6,380 7,191 1,550 1,099 5,131 1,226 11,125
producers payments		44,851				44,851	19,807
Training Travel Wages and salaries Water charges		2,838 6,823 1,077,894 7,563		2,838		5,676 6,823 1,077,894 7,563	4,389 2,853 1,027,100 12,444
		2,152,368	127,959	13,674	6,350	2300351	1966747

		Total	Total
		2023	2022
		E	E
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		3,605	2,449
Canada goes Cymru		2,245
Witchcraft		3,909
Film Exhibition	Fund	92,700
Cost of Living fund		25,500
		127,959	88,889

		Total	Total
		2023	2022
		E	f
~Grou
Wages and salaries Social security costs		1,494,460 104,899	1,466,550 100,390
Employers	pension	57,996	53,623
		1,657,355	1,620,563
Charity
Wages and	salaries	942,977	905,583
Social security costs		83,924	75,935
Employers	pension	50,993	45,582
		1,077,894	1,027,100

					2023	2022
~Grou					No	No
Average	number	ofpeople	employed	by the group	90	94
Charity
Average	number	ofpeople	employed	bythe charity	42	43

his is stated a	fter chargin	g:
			Group		Charity
			2023	2022	2023	2022
			E	E	f	f
Rentals under	operating	leases	8,045	14,754	8,045	14,754
Depreciation			151,791	146,552	151,791	146,552
Auditors remuneration:
Audit fees			11,770	9,140	6,875	4,990
Accountancy	services		750	750	750	750

			Total	Total
			2023	2022
			E	f
Bank	loan	interest	40,039	24,786

TANGIBLE FIXEDASSE	TS
		Improve-
	Freehold land	ments to
~G& Ch	and buildings	leasehold buildings	Leasehold buildings	Fixtures Ik fittings	Total
	E	E	E	E	E
Cost
At 1April 2022 Additions in year At 31March 2023	562,000 562,000	4,354,296 12,550 4,366,846	879,000 879,000	1,130,988 83,189 1,214,177	6,926,284 95,739 7,022,023
Depreciation
At 1April 2022 Charge foryear At 31March 2023	298,468 11,120 309,588	777,383 100,203 877,586	663,240 1,828 665,078	1,074,627 38,640 1,113,267	2,813,718 151,791 2,965,509
Net book value
At 31March 2023	252,412	3,489,260	213,922	100,910	4,056,514
At 31March 2022	263,532	3,576,913	215,760	56,361	4,112,566

NVESTMENTS
	Investments
	in group
	undertakings
Charity	E
Cost as at 31March 2022
Cost as at31March 2023

			Total	Total
			2023	2022
			E	f
Turnover			1,283,986	1,140,994
Cost ofsales and administration	costs		(1,276,316)	(1,146,843)
Operating profit			7,670	(5,849)
Other income			25,712	59,187
(Loss)/profit forthe year			33,382	53,338
Assets and liabilities:
Total assets			394,104	258,009
Total liabilities			(393,298)	(284,125)
Net assets			806	(26,116)
Aggregate share capital and reserves			806	(26,116)
Statement ofchanges in equity
		Share	Profit and	2023
		capital E	loss reserve f	Total E
Balance at 1April 2022		2	(26,118)	(26,116)
Year ended 31March 2023
(Loss) and total comprehensive	income forthe
year			33,382	33,382
Distributions to parent charity	under Gift Aid		(6,460)	(6,460)
Balance at 31March 2023			804	806

Group			2023	2022
			f	f
Caffi bar			27,262	23,910
			27,262	23,910
DEBTORS
			Group		Charity
			2023	2022	2023	2022
			f	f	E	E
Trade debtors			73,242	36,170	73,267	36,195
Prepayments	and accrued income		80,080	248,157	75,220	242,089
Due from subsidiary		undertakings			113,695	7,960
			153,322	284,687	262,182	286,244

		Group		Charity
		2023	2022	2023	2022
		E	f	E	f
Bank loan and overdraft		73,078	67,406	33,078	28,386
Trade creditors		198,419	129,649	132,510	83,730
Taxation and social security		82,668	51,935	28,610	15,646
Other creditors		13,732	9,373	19,827	6,476
Accruals and deferred	income	87,059	91,459	47,995	67,640
		454,956	349,822	262,020	201,878

		2023	2022
		E	E
Ticket	sales	7,654	3,046
		7,654	3,046

			2023	2022
			E	E
Balance	brought	forward	3,046	3,062
Income	received		1,084,357	2,169,140
Income	released		(1,079,749)	(2,169,156)
Balance	carried	forward	7,654	3,046

	Group		Charity
	2023	2022	2023	2022
	f	E	E	E
Bank loan	488,719	511,109	488,719	511,109
CBILS	86,667	126,647
WCVA	21,492	25,000	21,492	25,000
	596,878	662,756	510,211	536,109

		Group		Charity
		2023	2022	2023	2022
		f	f	E	f
Bankloan		518,647	538,495	518,647	538,495
CBILS loan		126,667	166,667
WCVA		24,642	25,000	24,642	25,000
		669,956	730,162	543,289	563,495
Less amounts	falling due within one
year		(73,078)	(67,406)	(33,078)	(28,386)
		596,878	662,756	510,211	535,109

Repayable	by instalments
		Group		Charity
		2023	2022	2023	2022
		E		E	E
Within one year		73,078	67,873	33,078	27,873
Between	2 and 5 years	587,387	142,667	500,720	106,000
After 5years		9,491	519,622	9,491	429,622

	Land &Buildings		Other
	2023	2022	2023	2022
	E	E	E	E
Falling due:
1-2years 2-5years &5years	1 4 112	1 4 114	3,160 4,773	5,495 7,896
	117	119	7,933	13,391

22. RESTRICTED FUNDS
		Balance at				Balance at
~Gd CL		1April 2022	income	Expenditure	Transfers	31March 2023
		E	E	E	E	E
Capital Grants:
ACW Capital Cafg Bar
Chapter Building		2,577,811		(121,433)		2,456,378
		2,577,811		(121,433)		2,456,378
Revenue and Project Grants:
A&B			1,046	(1,046)
ACW Perspectives			30,000			30,000
Art fund —Joy Labinjo			4,000	(4,1371	137
Art Fund —Save Our Sculpture		482			(482)
Arts Council ofWales —Connect	and
Flourish		80,080		(39,299)		40,781
Arts Council of Wales —Experimentica		(6,779)	17,818	(3,200)	(7,839)
Arts Council ofWales —Resilience		4,290		(4,791)	501
Arts Council ofWales —Gwyl Cymru			9,900	(4,304)	(5,596)
Ashley Foundation		2,700				2,700
BFI Film Education Feasibility Grant		2,771			(2,771)
British Film Industry - Film Hub	Wales	123,357	211,667	(273,716)	(14,883)	46,425
British Film Industry Hub —Diversity		39,355	54,500	(65,237)	(3,470)	25,148
British Film Industry Hub —Film	Fees	825			(825)
British Film Industry Hub —Japan		3,857		(1,000)	(2,857)
British Film Industry Hub —Nottingham			4,500	(933)	(3,567)
British Film Industry Hub —VEF		39,919	54,890	(44,619)	(25,000)	25,190
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				Sp150
Ffilm Cymru			15,000			15,000
Ffilm Cymru —Reopening		9,800				9,800
Ffilm Cymru —Young Programmers		20,993	10,843	(7,456)	(24,380)
Football Association ofWales			5,000	(3,614)	(1,386)
Foyle Foundation		30,000				30,000
Garfield Weston Foundation		75,000		(37,614)		37p386
Henry Moore Foundation		3,000				3,000
Henry Moore Foundation —Garth Evans		2,000				2,000
PRSF		(1,550)			1,550
Rayne Foundation		20,059				20,059
Theatre Trust		5,000				5,000
Wales Cultural Alliance		514			(514)
WCVA —Third Sector Resilience	Fund	30,206		(1,370)		28,836
Welsh Government Made in Wales		(3,683)	28,944	(22,982)		2p279
WPD Holiday			2,500	(5,383)	2p883
		515,042	450,608	(520p701)	(88499)	356450
		3,092,853	450~608	(642 134)	(88p499)	2' 12p828

~Gd C v				Balance at 1April				Balance at 31March
				2021	Income	Expenditure	Transfers	2022
Capital Grants:				6	6	6	6	6
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	(117,241)	(121,011)	2,577,811
Revenue and Project Grants:
Art fund				36,000	504	(39,213)	2,709
Art Fund - Save Dur Sculpture				482				482
Arts Council ofWales —Connect			and
Flourish					96,198	(16,118)		80,080
Arts Council ofWales —Experimentica Arts Council ofWales —Resilience				15,727	1,034 4,800	(23,540) (510)		(6,779) 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	Hub	—Film	Fees	825				825
British Film Industry	Hub	-Iapan			3,906	(49)		3,857
British Film Industry	Hub	—Sharing
Together				727				727
British Film Industry	Hub	—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	lob 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)	(3,683)
				403,066	520,163	(387,187)	(21,000)	515,042
				3,098,118	641,174	(504,428)	(142,011)	3,092,853

			Balance at				Balance at
G~dd		G	1April 2022 E	Income f	Expenditure E	Transfers E	31March 2023 E
To Support		2023/24	140,000			(58,000))	82,000
			140,000			(58,000)	82,000
			Balance at				Balance at
~dd	CG		1April 2022 f	Income E	Expenditure	Transfers E	31March 2023 E
Emergency		fund				140,000	140,000
						140,000	140,000
UNRESTRICTED FUNDS
			Balance at				Balance at
			1April				31March
			2022	Income	Expenditure	Transfers	2023
			E	E	E		E
~Grou
General funds			1,693,541	2,749,571	(2,929,045)	146,499	1,660,566
			1,693,541	2,749,571	(2,929,045)	146,499	1,660,566
Charity
General funds			1,719,662	1,451,821	(1,658,217)	146,499	1,659,765
			1,719,662	1,451,821	(1,658,217)	146,499	1,659,765
			Balance at				Balance at
			1April				31March
			2021	Income	Expenditure	Transfers	2022
			E	E	E	f	f
~Grou
General funds			759,786	3,540,906	(2,609,162)	2,011	1,693,541
			759,786	3,549,906	(2,609,162)	2,011	1,693,541
Charity
General funds			839,245	2,340,725	(1,462,319)	2,011	1,719,662
			839,245	2,340,725	(1,462,319)	2,011	1,719,662

	Unrestricted	Designated	Restricted	Total
	funds	Funds	funds	2023
	f	E	E	E
~Grou
Fixed assets	1,600,136		2,456,378	4,056,514
Net current assets/(liabilities)	657,308	82,000	356,450	1,095,758
Long term liabilities	(596,878)			(596,878)
	1,660,566	82,000	2,812,828	4,555,394
Charity
Investments	2			2
Fixed assets	1,600,136		2,456,378	4,056,514
Net current assets/(liabilities)	569,838	82,000	356,450	1,008,288
Long term liabilities	(510,211)			(510,211)
	1,659,765	82,000	2,812,828	4,554,593
	Unrestricted	Designated	Restricted	Total
	funds	Funds	funds	2022
	f	E	f	E
~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

RECONCILIATION ACTIVITIES	OF NET I	NCOM	E/(EXPE	NDITURE)	TO NET C	ASH FLOW FRO	M OPERATING
						2023	2022
						E	f
Net expenditure forthe reporting			period			(371,000)	1,068,490
Adjustments for:
Depreciation charges and impairment						151,791	146,554
Dividends, interest (Increase)/decrease (Increase)/decrease	and rents from in stocks in debtors		investments			(375,635) (3,352) 131,365	(312,702) (11,656) (127,463)
Increase/(decrease)	in creditors					99,462	113,256
Net cash provided	by/(used	in) operating		activities		(367,369)	876,477
Anal sis ofCash and Cash E		uivalents
Cash in hand						1,370,130	1,517,809
Total Cash and Cash Equivalents						1,370,130	1,507,809
					At 1April	Cash-flows	As at 31
					2022		March 2023
					E		f
Cash					1,517,809	(147,679)	1,370,130
Bank loans falling due within		one year			(67,873)	(5,205)	(73,078)
Bank loans falling due after more than one				year	(662,289)	65,411	(596,878)
					787,647	(87,473)	700,174

				Total
		Unrestricted	Restricted	funds
~Grou		funds	funds	2022
		E	f	E
Income and endowments	from:
Donations and legacies		806,625	3,000	809,625
Charitable activities		1,208,726	637,395	1,846,121
Other trading activities		1,512,883		1,512,883
Other		12,672	779	13,451
Total income and endowments		3,540,906	641,174	4,182,080
Expenditure on:
Charitable activities		2,609,162	504,428	3,113,590
Total expenditure		2,609,162	504,428	3,113,590
Net income/(expenditure)		931,744	136,746	1,068,490
Transfers between funds		142,011	(142,011)
Net movementin funds		1,073,755	(5,265)	1,068,490
Reconciliation of Funds
Total funds brought forward		759,786	3,098,118	3,857,904
Totalfunds corried forward		1,833,541	3,092,853	4,926,394
Charity
Income and endowments	from:
Donations and legacies		806,625	3,000	809,625
Charitable activities		1,208,726	637,395	1,846,121
Other trading activities		312,702		312,702
Other		12,672	779	13,451
Total income and endowments		2,340,725	641,174	2,981,899
Expenditure on:
Charitable activities		1,462,319	504,428	1,966,747
Total expenditure		1,462,319	504,428	1,966,747
Net income/(expendi tareJ		878,406	136,746	1,015,152
Transfers between funds		142,011	(142,011)
Net movementin funds		1,020,417	(5,265)	1,015,152
Reconciliation ofFunds
Total funds brought forward		839,245	3,098,118	3,937,363
Totalfunds carried forward		1,859,662	3,092,853	4,952,515