| Page | ||
|---|---|---|
| Trustees' report | 1-6 | |
| Statement oftrustees' | responsibilities | |
| Independent examinei"s report |
||
| Statement offinancial | activities | |
| Balance sheet | 10 | |
| Notes to the financial | statements | 11-21 |
| Trustees | Mrs C JLancaster | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Mr D T Lloyd | |||||||||
| Mr JRWalker | |||||||||
| SJBest | |||||||||
| D RPrice | |||||||||
| H A Chance | |||||||||
| L G Roberts | |||||||||
| FRJ Banks | |||||||||
| M SWooldridge | |||||||||
| JRAndrews | |||||||||
| CEL Kenyon-Wade | |||||||||
| D A Childs | |||||||||
| LKBrighouse | (Appointed | 24 October 2022) | |||||||
| Secretmy | C JLancaster | ||||||||
| Senior Management/Leadership | Team | JMustafa, General |
Manager | ||||||
| TRFerrett, Building/Technical | Manager | ||||||||
| RA Warlow, Finance Manager | |||||||||
| CE Spencer, Marketing | Manager - (Finished | 10July 2023) | |||||||
| Charity number | 505656 | ||||||||
| Company | number | 01279900 | |||||||
| Registered | office | Castle Street | |||||||
| Builth Wells | |||||||||
| Powys | |||||||||
| LD2 3BN | |||||||||
| Independent | Examiner | Mitchell Meredith | Limited | ||||||
| Chartered Accountants |
|||||||||
| The Exchange | |||||||||
| Fiveways | |||||||||
| Temple Street | |||||||||
| Llandrindod Wells |
|||||||||
| Powys | |||||||||
| UK | |||||||||
| LDI 5HG |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2023 | 2023 | 2023 | 2022 | ||||
| Notes | g | ||||||
| Igggglgfttgiit; | |||||||
| Donations and |
legacies | 84,159 | 4,000 | 88,159 | 207,652 | ||
| Charitable activities |
182,070 | 182,070 | 92,909 | ||||
| Investments | 255 | 255 | 26 | ||||
| Total income | 266,484 | 4,000 | 270,484 | 300,587 | |||
| KXItgittiltttt'8310; | |||||||
| Charitable activities |
6 | 338,106 | 17,996 | 356,102 | 252,131 | ||
| Total expenditure | 338,106 | 17,996 | 356,102 | 252,131 | |||
| Net (expenditure)/income | for the year/ | ||||||
| Net movemcnt | in funds | (71,622) | (]3,996) | (85,618) | 48,456 | ||
| Fund balances | at I April | 2022 | 250,997 | 122,123 | 373,120 | 324,664 | |
| Fund balances | at 31March 2023 | 179,375 | 108,127 | 287,502 | 373,120 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | |||||||
| Fixed assets | ||||||||
| Tangible assets | 224,425 | 241,156 | ||||||
| Current assets |
||||||||
| Stocks | 1,574 | 2,862 | ||||||
| Debtom | 12 | 10,479 | 37,535 | |||||
| Cash at bank | and in | hand | 87,593 | 123,023 | ||||
| 99,646 | 163,420 | |||||||
| Creditors: amounts | falling due withiu | one | ||||||
| year | 13 | (36,569) | (31,456) | |||||
| Net current assets | 63,077 | 131,964 | ||||||
| Total assets | less curreat liabilities | 287,502 | 373,120 | |||||
| Income funds | ||||||||
| Restricted funds | 14 | 108,127 | 122,123 | |||||
| Unrestricted | funds | 179,375 | 250,997 | |||||
| 287,502 | 373,120 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2023 | 2023 | 2023 | 2022 | |||
| f | ||||||
| Friends k. Supporter | Scheme Donations | 16,175 | 16,175 | 17,984 | ||
| Other Donations, | Gift Aid etc | 9,890 | 9,890 | 7,034 | ||
| Donations | 26,065 | 26,065 | 25,018 | |||
| Grants receivable | 58,094 | 4,000 | 62,094 | 182,634 | ||
| 84,159 | 4,000 | 88,159 | 207,652 |
| Unrestricted | Restricted | Total | Totnl | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||||
| 2023 | 2023 | 2023 | 2022 | |||||||
| f | f | |||||||||
| Grants | ||||||||||
| PCC Arts Service - Annual | Grant | 15,904 | 15,904 | 15,905 | ||||||
| ACW - Wales Cultural | Recovery Fund | (1) | 6,500 | |||||||
| Theatre Mwtdan/ACW | - | Programming | and support | |||||||
| grant | 19,740 | 19,740 | 19,488 | |||||||
| HMRC Coronavirus | Job | Retention | Scheme | 14,406 | ||||||
| ACW - Wales Cultural | Recovery Fund | (2) | 49,000 | |||||||
| ACW - Wales Cultural | Recovery Fund | (3) | 57,335 | |||||||
| Church Fund in Wales grant |
10,000 | |||||||||
| PCC Covid Community | Recovery | Fund | 10,000 | |||||||
| PCC Health Case Study | 1,000 | 1,000 | ||||||||
| PCC Warm Spaces Grant | 1,500 | 1,500 | ||||||||
| Builth Wells Tovm Council | 3,500 | 3,500 | ||||||||
| The Ashley Family Foundation | 1,500 | 1,500 | ||||||||
| Moondance Foundation |
15,000 | 15,000 | ||||||||
| Film Hub Wales | 3,750 | 3,750 | ||||||||
| Glascwm Council |
100 | 100 | ||||||||
| Cilmery Community |
Grant | 100 | 100 | |||||||
| 58,094 | 4,000 | 62,094 | 182,634 | |||||||
| Income from charitable | activities | |||||||||
| Total | Total | |||||||||
| 2023 | 2022 | |||||||||
| f | f | |||||||||
| Live show income | 17,903 | 4,335 | ||||||||
| Film income | 92,152 | 55,578 | ||||||||
| Exhibition income |
1,114 | 23 | ||||||||
| Satellite live income | 14,811 | 2,706 | ||||||||
| Bar and ices sales | 47,112 | 21,584 | ||||||||
| Sundry income |
8,978 | 8,683 | ||||||||
| 182,070 | 92,909 | |||||||||
| Analysis by fund |
||||||||||
| Unrestricted funds |
182,070 | 92,909 |
| Unrestricted | Unrestricted | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||
| 2023 | 2022 | |||||||
| f. | ||||||||
| Interest receivable | 255 | 26 | ||||||
| Expenditure | on charitable | activities | ||||||
| Charitable | Governance | Total | Total | |||||
| activities | ||||||||
| 2023 | 2023 | 2023 | 2022 | |||||
| g | ||||||||
| Wages | 151,971 | 2,860 | 154,831 | 115,271 | ||||
| Recruitment | costs | 60 | ||||||
| Training costs | 282 | 282 | 2,504 | |||||
| Rates | 1,769 | 1,769 | 1,533 | |||||
| Bar purchases | and vending | supplies | 25,726 | 25,726 | 10,406 | |||
| Licences | 295 | 295 | 1,314 | |||||
| Live show costs | 14,334 | 14,334 | 3,475 | |||||
| Film costs | 43,567 | 43,567 | 26,779 | |||||
| Satellite live | costs | 7,134 | 7,134 | 1,451 | ||||
| Insurance | 8,092 | 8,092 | 7,897 | |||||
| Light and heat | 26,354 | 26,354 | 14,809 | |||||
| Cleaning | 4,234 | 4,234 | ],802 | |||||
| Equipment and property |
upkeep | 13,998 | 13,998 | 19,095 | ||||
| Telephone | 2,285 | 2,285 | 1,713 | |||||
| Printing, postage and | stationery | 350 | 250 | 600 | 1,201 | |||
| Gaming in the Gallery |
costs | 437 | ||||||
| Subscriptions | 386 | 386 | 659 | |||||
| GSice contracts etc | 11,086 | ]],086 | 9,310 | |||||
| Sundry and petty cash expenses |
199 | 199 | 72 | |||||
| Motor and travelling | expenses | 67 | 67 | 145 | ||||
| Marketing | 11,950 | 11,950 | 2,918 | |||||
| Independant | examiner's | fees | 4,400 | 4,400 | 4,000 | |||
| Legal and professional | 1,199 | 1,199 | 1,699 | |||||
| Bank interest | and charges | 6,583 | 6,583 | 4,106 | ||||
| Depreciation | 16,731 | 16,731 | 19,475 | |||||
| 348,592 | 7,510 | 356,102 | 252,131 | |||||
| Analysis by |
fund | |||||||
| Vnrestricted | funds | 330,596 | 7,510 | 338,106 | 236,044 | |||
| Restricted funds |
17,996 | 17,996 | 16,087 | |||||
| 348,592 | 7,510 | 356,102 | 252,131 |
| 7 | Net movement | in funds | 2023 | 2022 | |
|---|---|---|---|---|---|
| 8 | |||||
| Net niovement | in funds is stated | ager charging/(crediting) | |||
| Depreciation ofowned tangible | fixed assets | 16,731 | 19,475 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Number | Number | |||
| Charitable | activities | 12 | 13 | |
| Employment | costs | 2023 | 2022 | |
| 8 | f, | |||
| Wages and | salaiies | 150,675 | 114,053 | |
| Social security | costs | 2,146 | 14 | |
| Employers | pension costs | 2,010 | 1,204 | |
| 154,831 | 115,271 |
| 11 | Tnngible fixed assets |
Tnngible fixed assets |
||||||
|---|---|---|---|---|---|---|---|---|
| 1'i'cchoid | Furniture & |
Total | ||||||
| property & |
cmcc | |||||||
| specialist | cquipnicnt | |||||||
| 0xturcs & | ||||||||
| fittings | ||||||||
| Cost or valuation | ||||||||
| At 1 April 2022 |
561,742 | 154,803 | 716,545 | |||||
| At 31March | 2023 | 561,742 | 154,803 | 716,545 | ||||
| Depreciation | and impairment | |||||||
| At 1 April 2022 | 323,641 | 151,748 | 475,389 | |||||
| Depreciation | charged | in the year | 15,712 | 1,019 | 16,731 | |||
| At 31 March | 2023 | 339,353 | 152,767 | 492,120 | ||||
| Carrying amount |
||||||||
| At 31March | 2023 | 222,389 | 2,036 | 224,425 | ||||
| At 31March | 2022 | 238,101 | 3,055 | 241,156 | ||||
| The carrying | value of | land included | in land and buildings | comprises: | ||||
| 2023 | 2022 | |||||||
| Freehold land |
72,500 | 72,500 |
| Creditors: amounts | falling due within | one year | |||
| 2023 | 2022 | ||||
| f | |||||
| Creditors &accruals | 28,836 | 26,425 | |||
| Other taxation and | social security | 2,833 | 537 | ||
| BoxoAice income | in | advance | 4,900 | 4,494 | |
| 36,569 | 31,456 |
| Movement | in funds | |||
|---|---|---|---|---|
| Balance ot | Incoming | Resources | Balance st | |
| IApril 2022 | resources | expended | 31hlarch 2023 | |
| ACW Transitional Funding |
343 | 343 | ||
| Aggregate Levy Funds for Wales Grant |
4,340 | (4,340) | ||
| ERDF Grants | 6,664 | (290) | 6,374 | |
| Arts Council ofWales Lottery Grants | 62,742 | (2,727) | 60,015 | |
| PCC Community Enablement Grant |
5,169 | (225) | 4,944 | |
| Wales Tourst Board Capital Grant | 997 | (43) | 954 | |
| Gaefield Weston Foundation | 882 | (39) | 843 | |
| Builth Wells Town Council Cinema Grant | 882 | (39) | 843 | |
| Jonathon Morgan Memorial Fund |
11,577 | 11,577 | ||
| PCC and CFIW Equipment Project |
2,100 | (1,050) | 1,050 | |
| National Lottety Awards for All |
882 | (882) | ||
| Wyeside Flooding Fund | 4,117 | (789) | 3,328 | |
| Church Fund in Wales | 8,571 | (1,429) | 7,142 | |
| ACW - Wales Cultural Recovery Fund (2) |
4,286 | (714) | 3,572 | |
| PCC Covid Community Recovery Fund |
8,571 | (1,429) | 7,142 | |
| PCC Health Case Study | 1,000 | (1,000) | ||
| PCC Warm Spaces Grant | 1,500 | (1,500) | ||
| The Ashley Family Foundation | 1,500 | (1,500) | ||
| ]22,123 | 4,000 | (17,996) | 108,127 |
| Movement | in funds | |||||
|---|---|---|---|---|---|---|
| BAIAACC At | Incoming | Resources | Balance at 31 | |||
| IApril 2021 | rcsourccs | expended | March 2022 | |||
| f. | ||||||
| ACW Transitional Funding |
343 | 343 | ||||
| Aggregate Levy Funds for Wales Grant |
8,683 | (4,343) | 4,340 | |||
| ERDF Grants | 6,954 | (290) | 6,664 | |||
| Arts Council ofWales Lottery Grants | 65,469 | (2,727) | 62,742 | |||
| PCC Communily Enablement Grant |
5,394 | (225) | 5,169 | |||
| Wales Tourst Board Capital Grant | 1,040 | (43) | 997 | |||
| Gaefield Weston Foundation | 921 | (39) | 882 | |||
| Builth Wells Town Council Cinema | Grant | 921 | (39) | 882 | ||
| ACW —Equipping Wyeside for a sustainable |
future | 1,217 | (1,217) | |||
| PCC Regeneration k Development | Capital | Grant | 548 | (548) | ||
| Jonathon Morgan Memorial Fund |
11,577 | 11,577 | ||||
| PCC and CFIW Equipment Project |
3,150 | (1,050) | 2,100 | |||
| National Lottery Awards for All |
2,087 | (1,205) | 882 | |||
| Wyeside Flooding Fund | 4,906 | (789) | 4,117 | |||
| Church Fund in Wales | 10,000 | (1,429) | 8,571 | |||
| ACW - Wales Cultural Recovery Fund (2) |
5,000 | (714) | 4,286 | |||
| PCC Covid Community Recovery Fund |
10,000 | (],429) | 8,571 | |||
| 113,210 | 25,000 | (16,087) | 122,123 |
| Analysis | ofnet assets between funds |
||||
|---|---|---|---|---|---|
| 11nrestricted | Restricted | Total | |||
| funds | funds | ||||
| 2023 | 2023 | 2023 | |||
| f | |||||
| Fund balances at 31March 2023 are repmsented | by: | ||||
| Tangible | assets | 128,217 | 96,208 | 224,425 | |
| Current | assets/(liabilities) | 51,158 | 11,919 | 63,077 | |
| Total net assets | 179,375 | 108,127 | 287,502 |
| 2023 | 2022 | |
|---|---|---|
| f. | ||
| Within one year | 5,366 | 5,366 |
| Between two and five years | 13,195 | 18,560 |
| 18,561 | 23,926 |