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





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|REFERENCE AND|REFERENCE AND|AD|M|INISTRATIV|E<br>DETAILS|E<br>DETAILS|E<br>DETAILS|E<br>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<br>Meade|||||||||
||||||Alun Jones|||||||||
||||||Villida Ramasut|||||||||
||||||Benedict Borthwick-||resigned|||28/6/23||||
||||||Laurence<br>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<br>Accountants|||&|Statutory|||Auditors||
||||||Ty Derw|||||||||
||||||Lime Tree Court|||||||||
||||||Cardiff Gate Business|||Park||||||
||||||Cardiff|||||||||
||||||CF23 BAB|||||||||





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||||||Total|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|funds|funds|
|||Note|funds|funds|2023|2022|
||||E|E|E|E|
|Income and endowments|from:||||||
|Donations<br>and legacies|||789,985|5,000|794,985|809,625|
|Charitable<br>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<br>on:|||||||
|Charitable<br>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<br>between<br>funds||22,23|88,499|(88,499)|||
|Net movementin<br>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<br>and legacies|||796,918|5,000|801,918|809,625|
|Chadtable<br>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<br>on:|||||||
|Charitable<br>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<br>between<br>funds||22,23|88,499|(88,499)|||
|Net movement<br>in funds|||(117,897)|(280,025)|(397,922)|1,015,152|
|Reconciliation ofFunds|||||||
|Total funds brought<br>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<br>in operating|activities||||28|(367,369)|876,474|
|Cash flows from investing|activities:|||||||
|Dividends,<br>interest and rents from investments|||||5|375,635|312,702|
|Purchase of property<br>plant|and equipment||||13|(95,739)|(157,635)|
|Net cash provided<br>by investing<br>activities||||||279,896|155,067|
|Cash flows from financing|activities:|||||||
|Repayments<br>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|





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|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<br>E|funds<br>E|2023<br>f|2022<br>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|





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|INCOME FROM CHARITABLE ACTIVITIES <br>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<br>Hub||210,000|210,000|230,000|
|British Film Industry<br>Hub —Diversity||45,000|45,000|55,000|
|British Film industry<br>Hub —Education|||||
|Feasibility||||600|
|British Film Industry<br>Hub —Japan||||3,906|
|British Film Industry Hub-|||||
|Nottingham||4,500|4,500||
|British Film Industry<br>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<br>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<br>E|funds<br>E|2023<br>f|2022<br>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.<br>EXPENDITURE||ON CHARITABLE ACTIVITIES||||||||
||||||Grants|||Total|Total|
|~Grou||||Direct<br>E|payable<br>E|Support<br>E|Governance|2023<br>f|2022<br>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<br>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,<br>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<br>BFI project costs<br>Cinema distributors||126,380|127,959||6,350|6,350<br>254,339|5,740<br>96,617|
|payments<br>Cleaning<br>Credit card charges||100,822<br>74,681<br>240||||100,822<br>74,681<br>240|83,545<br>62,545<br>240|
|Depreciation<br>Electricity<br>Event costs<br>Equipment<br>repairs||151,791<br>71.123<br>12.712<br>300||||151,791<br>71,123<br>12,712<br>300|146,552<br>67,888<br>14,625<br>818|
|Gallery production<br>costs<br>Gas<br>Health &safety, security<br>Insurances<br>Interest &charges<br>Irrecoverable<br>VAT<br>ITsupport costs<br>Professional fees<br>Licences<br>Maintenance<br>Marketing,<br>press, PR<br>Other direct costs<br>Photocopying<br>Postage||42,121<br>23,936<br>11,391<br>39,122<br>44,414<br>1,283<br>1.333<br>7,503<br>32,627<br>36,388<br>38,991<br>150,192<br>2,262<br>397||1.333<br>2,262||42,121<br>23,936<br>11,391<br>39,122<br>44,414<br>1,283<br>2,666<br>7,503<br>32,627<br>36,388<br>38,991<br>150,192<br>4,524<br>397|13,448<br>22,546<br>6,404<br>31,014<br>31,893<br>739<br>2,762<br>10,248<br>27,728<br>37,717<br>38,098<br>160,069<br>5,284<br>199|
|Rates<br>Refuse collection<br>Rent<br>Stationery<br>Subscriptions<br>Sundries<br>Telephone/fax<br>Theatre productions|and|10,713<br>10,955<br>1,550<br>1,490<br>4,240<br>13,442||7,234||10,713<br>10,955<br>1,550<br>1,490<br>4,240<br>7,234<br>13,442|6,380<br>7,191<br>1,550<br>1,099<br>5,131<br>1,226<br>11,125|
|producers<br>payments||44,851||||44,851|19,807|
|Training<br>Travel<br>Wages and salaries<br>Water charges||2,838<br>6,823<br>1,077,894<br>7,563||2,838||5,676<br>6,823<br>1,077,894<br>7,563|4,389<br>2,853<br>1,027,100<br>12,444|
|||2,152,368|127,959|13,674|6,350|2300351|1966747|





## 

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|||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<br>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<br>Social security costs||1,494,460<br>104,899|1,466,550<br>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|



## 

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





## 

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|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<br>remuneration:|||||||
|Audit fees|||11,770|9,140|6,875|4,990|
|Accountancy|services||750|750|750|750|



## 

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## 

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





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## 

|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
|||Improve-||||
||Freehold land|ments to||||
|~G& Ch|and<br>buildings|leasehold<br>buildings|Leasehold<br>buildings|Fixtures Ik<br>fittings|Total|
||E|E|E|E|E|
|Cost||||||
|At 1April 2022<br>Additions<br>in year<br>At 31March 2023|562,000<br>562,000|4,354,296<br>12,550<br>4,366,846|879,000<br>879,000|1,130,988<br>83,189<br>1,214,177|6,926,284<br>95,739<br>7,022,023|
|Depreciation||||||
|At 1April 2022<br>Charge foryear<br>At 31March 2023|298,468<br>11,120<br>309,588|777,383<br>100,203<br>877,586|663,240<br>1,828<br>665,078|1,074,627<br>38,640<br>1,113,267|2,813,718<br>151,791<br>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<br>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<br>share capital and reserves|||806|(26,116)|
|Statement ofchanges in equity|||||
|||Share|Profit and|2023|
|||capital<br>E|loss reserve<br>f|Total<br>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<br>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<br>2-5years<br>&5years|1<br>4<br>112|1<br>4<br>114|3,160<br>4,773|5,495<br>7,896|
||117|119|7,933|13,391|





## 

|22.<br>RESTRICTED FUNDS|||||||
|---|---|---|---|---|---|---|
|||Balance at||||Balance at|
|~Gd CL||1April<br>2022|income|Expenditure|Transfers|31March<br>2023|
|||E|E|E|E|E|
|Capital Grants:|||||||
|ACW Capital Cafg Bar|||||||
|Chapter<br>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<br>—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<br>Feasibility Grant||2,771|||(2,771)||
|British Film Industry<br>- Film Hub|Wales|123,357|211,667|(273,716)|(14,883)|46,425|
|British Film Industry<br>Hub —Diversity||39,355|54,500|(65,237)|(3,470)|25,148|
|British Film Industry<br>Hub —Film|Fees|825|||(825)||
|British Film Industry<br>Hub —Japan||3,857||(1,000)|(2,857)||
|British Film Industry<br>Hub —Nottingham|||4,500|(933)|(3,567)||
|British Film Industry<br>Hub —VEF||39,919|54,890|(44,619)|(25,000)|25,190|
|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||||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<br>—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<br>Alliance||514|||(514)||
|WCVA —Third Sector Resilience|Fund|30,206||(1,370)||28,836|
|Welsh Government<br>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|





## 

## 

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## 

## 

## 

## 

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## 

## 

## 



## 

## 

## 

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## 

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## 

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## 

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## 

## 

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## 



## 

## 

## 

|~Gd C v||||Balance at<br>1April||||Balance at<br>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<br>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<br>Arts Council ofWales —Resilience||||15,727|1,034<br>4,800|(23,540)<br>(510)||(6,779)<br>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<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|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<br>2022<br>E|Income<br>f|Expenditure<br>E|Transfers<br>E|31March<br>2023<br>E|
|To Support||2023/24|140,000|||(58,000))|82,000|
||||140,000|||(58,000)|82,000|
||||Balance at||||Balance at|
|~dd|CG||1April<br>2022<br>f|Income<br>E|Expenditure|Transfers<br>E|31March<br>2023<br>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<br><br>ACTIVITIES|OF NET<br>I|NCOM|E/(EXPE|NDITURE)|TO<br>NET<br>C|ASH<br>FLOW<br>FRO|M<br>OPERATING|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|f|
|Net expenditure<br>forthe reporting|||period|||(371,000)|1,068,490|
|Adjustments<br>for:||||||||
|Depreciation<br>charges and impairment||||||151,791|146,554|
|Dividends,<br>interest <br>(Increase)/decrease<br>(Increase)/decrease|and rents from <br>in stocks<br>in debtors||investments|||(375,635)<br>(3,352)<br>131,365|(312,702)<br>(11,656)<br>(127,463)|
|Increase/(decrease)|in creditors|||||99,462|113,256|
|Net cash provided|by/(used|in) operating||activities||(367,369)|876,477|
|Anal<br>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<br>and legacies||806,625|3,000|809,625|
|Charitable<br>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<br>on:|||||
|Charitable<br>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<br>between<br>funds||142,011|(142,011)||
|Net movementin<br>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<br>and legacies||806,625|3,000|809,625|
|Charitable<br>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<br>on:|||||
|Charitable<br>activities||1,462,319|504,428|1,966,747|
|Total expenditure||1,462,319|504,428|1,966,747|
|Net income/(expendi<br>tareJ||878,406|136,746|1,015,152|
|Transfers between<br>funds||142,011|(142,011)||
|Net movementin<br>funds||1,020,417|(5,265)|1,015,152|
|Reconciliation<br>ofFunds|||||
|Total funds brought<br>forward||839,245|3,098,118|3,937,363|
|Totalfunds carried forward||1,859,662|3,092,853|4,952,515|