| Reference and Administrative | Reference and Administrative | Details | |
|---|---|---|---|
| Strategic Report | 2 to 3 | ||
| Trustees' Report | 4to 8 | ||
| Independent Auditors' |
Report | 9to 11 | |
| Statement ofFinancial | Activities | 12to 13 | |
| Balance Sheet | 14 | ||
| Statement ofCash Flows |
|||
| Notes to the Financial | Statements | 16to31 |
| Reference and Administrative | Reference and Administrative | Reference and Administrative | Reference and Administrative | Reference and Administrative | Details | Details | |||
|---|---|---|---|---|---|---|---|---|---|
| Trustees | Mr JC Salisbury, | Chairman | |||||||
| Mr A Cramerotti, | Gallery Director | ||||||||
| Mr EWilliams | |||||||||
| Ms V Griffiths | |||||||||
| Mr GRobbins | |||||||||
| Mrs H Weaver | |||||||||
| Mr A Bernardi | |||||||||
| Mr DLloyd | |||||||||
| Ms SCockrill | (resigned | 24 | March 2022) | ||||||
| Mr IThomas (resigned | 22 July | 2022) | |||||||
| Mr M Pavey (resigned | 24March 2022) | ||||||||
| Mrs SShotter | (resigned | 5May | 2022) | ||||||
| Secretary | Mr A Cramerotti, | Gallery Director | |||||||
| Charity Registration | Number | 507842 | |||||||
| Company | Registration | Number | 01378599 | ||||||
| The charity is | incorporated | in England | and Wales. | ||||||
| Registered | Office | Oriel Mostyn | |||||||
| 12Vaughan Street |
|||||||||
| Llandudno | |||||||||
| Conwy | |||||||||
| LL30 1AB | |||||||||
| Auditor | Aston Hughes | Limited | |||||||
| Chartered Accountants |
and | Statutory | Auditors | ||||||
| Selby Towers | |||||||||
| 29Princes Drive | |||||||||
| Colwyn Bay | |||||||||
| North Wales | |||||||||
| LL29 8PE |
| (Including Inc | ome an | d Expenditure | Account and and Losses) |
Statement o | fTotal Recog | nised Gains |
|---|---|---|---|---|---|---|
| Total | ||||||
| Unrestricted | Restricted | 2022 | ||||
| Note | 8 | |||||
| Income and Endowments | from: | |||||
| Donations and legacies |
3 | 472,488 | 249,312 | 721,800 | ||
| Charitable activities |
4 | 100 | 100 | |||
| Other trading activities |
5 | 95,752 | 95,752 | |||
| Investment income |
6 | 15 | 15 | |||
| Other income | 19,1S4 | 19,184 | ||||
| Total Income | 587,539 | 249,312 | 836,851 | |||
| Expenditure on: |
||||||
| Raising funds | 8 | (58,227) | (5$,227) | |||
| Charitable activities |
(664,827) | (337,981) | (1,002,80$) | |||
| Total Expenditure | ~(723,054 | ~(337,981 | (1,061,035) | |||
| Net expenditure | (135,515) | ($8,669) | (224,184) | |||
| Transfers between | funds | (44,344) | 44,344 | |||
| Net movement in funds |
(179,859) | (44,325) | (224,184) | |||
| Reconciliation offunds | ||||||
| Total funds brought | forward | 24 | 3,140,941 | 169,351 | 3,310,292 | |
| Total funds carried | forward | 24 | 2,961,082 | 125,026 | 3,086,108 |
| and Losses) | |||||
|---|---|---|---|---|---|
| Total | |||||
| Unrestricted | Restricted | 2021 | |||
| Note | |||||
| Income and Endowments | from: | ||||
| Donations and legacies |
500,902 | 238,690 | 739,592 | ||
| Charitable activities |
37,123 | 37,123 | |||
| Other trading activities | 37,934 | 37,934 | |||
| Investment income |
8 | 8 | |||
| Other income | 9,600 | 9,600 | |||
| Total Income | 585,567 | 238,690 | 824,257 | ||
| Expenditure on: |
|||||
| Raising funds | 8 | (37,404) | (37,404) | ||
| Charitable activities |
9 | (626,267) | (97,235) | (723,502) | |
| Total Expenditure | (663,671) | (97,235) | (760,906 | ||
| Net (expenditure)/income | (78,104) | 141,455 | 63,351 | ||
| Transfers between funds |
(9,567) | 9,567 | |||
| Net rnovernent in funds |
(87,671) | 151,022 | 63,351 | ||
| Reconciliation offunds | |||||
| Total funds brought forward |
3,228,612 | 18,329 | 3,246,941 | ||
| Total funds carried forward | 24 | 3,140,941 | 169,351 | 3,310,292 |
| Balance Sheet as at 31 | March 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | f. | ||||
| Fixed assets | |||||
| Tangible assets | 16 | 3,003,424 | 3,163,013 | ||
| Current assets | |||||
| Stocks | 17 | 16,196 | 16,430 | ||
| Debtors | 18 | 67,627 | 5$,951 | ||
| Cash at bank | and in hand | 19 | 18$,867 | 179,885 | |
| 272,690 | 255,266 | ||||
| Creditors: Amounts | falling due within one year | 20 | (178,665) | (96,646) | |
| Net current | assets | 94,025 | 158,620 | ||
| Total assets | less current liabilities | 3,097,449 | 3,321,633 | ||
| Creditors: Amounts | faning due after more than one year | 21 | (11,341) | (11,341) | |
| Net assets | 3,086,108 | 3,310,292 | |||
| Funds ofthe | charity: | ||||
| Restricted income funds | |||||
| Restricted funds |
24 | 125,026 | 169,351 | ||
| Unrestricted | income | funds | |||
| Unrestricted | funds | 2,961,082 | 3,140,941 | ||
| Total funds | 24 | 3,086,108 | 3,310,292 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | 8 | ||||
| Cash flows from operating | activities | ||||
| Net cash (expenditure)/income | (224,184) | 63,351 | |||
| Adjustments to cash flows from non-cash items Depreciation Investment income |
8 6 |
161,295 ~15 |
165,043 ~8 |
||
| (62,904) | 228,386 | ||||
| Working capital adjustments | |||||
| Decrease/(increase) in stocks |
17 | 234 | (782) | ||
| Increase in debtors | 18 | (8,676) | (28,544) | ||
| Increase/(decrease) in creditors |
20 | 83,881 | (38,$$7) | ||
| Decrease in deferred income | 20 | (9,000) | |||
| Net cash flows &om operating | activities | 12,535 | 151,173 | ||
| Cash tlows from investing activities |
|||||
| Interest receivable and similar |
income | 6 | 15 | ||
| Purchase oftangible fixed assets | 16 | (1,706) | |||
| Net cash fiows &om investing | activities | (1,691) | |||
| Cash flows from financing activities |
|||||
| Repayment ofcapital element |
offinance leases and HP contracts | 22 | (1,862) | (7,454) | |
| Net increase in cash and cash | equivalents | 8,982 | 143,727 | ||
| Cash and cash equivalents at |
I | April | 19 | 179,885 | 36,158 |
| Cash and cash equivalents at 31March |
19 | 188,867 | 179,885 |
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| General | Restricted | 2022 | 2021 | |||
| Donations and legacies; |
||||||
| Donations | finm | individuals | 7.322 | 7,322 | 27,995 | |
| Grants, including | capital grants; | |||||
| Government | grants | 37,197 | 37,197 | 46,290 | ||
| Non government | grants | 427,969 | 249,312 | 677,281 | 665,307 | |
| 472,488 | 249,312 | 721,800 | 739,592 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| Total | Total | ||||
| General | 2022 | 2021 | |||
| 8 | |||||
| Exhibitions | 100 | 100 | 37,123 | ||
| 5 | Income from other trading | activities | |||
| Unrestricted | |||||
| Total | Total | ||||
| General | 2022 | 2021 | |||
| Trading income; | |||||
| Shop income | 95,752 | 95,752 | 37,934 | ||
| 95,752 | 95,752 | 37,934 |
| Unrestricted | |||
|---|---|---|---|
| Total | Total | ||
| General | 2022 | 2021 | |
| Note | |||
| 58,227 | 58,227 | 37,404 | |
| 58,227 | 58,227 | 37,404 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| Total | Total | ||||
| General | Restricted | 2022 | 2021 | ||
| Note | 8 | ||||
| Publicity costs | 15,460 | 15,460 | 9,170 | ||
| Premises costs | 97,063 | 207 | 97,270 | 113,789 | |
| Exhibition program |
49,293 | 283,660 | 332,953 | 85,392 | |
| Travel and | |||||
| subsistence | 1,523 | 13,086 | 14,609 | 1,143 | |
| OIBce costs | 32,101 | 1,749 | 33,850 | 29,571 | |
| Sundry expenses |
13,461 | 13,461 | 14,800 | ||
| Bank charges | 1,820 | 1,820 | 2,030 | ||
| Interest payable | 756 | 756 | 2,941 | ||
| Depreciation | 160,914 | 160,914 | 165,043 | ||
| Staffcosts | 286,186 | 39,279 | 325,465 | 293,373 | |
| Governance costs |
10 | 6,250 | 6,250 | 6250 | |
| 664,827 | 337,981 | 1,002,808 | 723,502 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | Total | Total | |||
| General | 2022 | 2021 | |||
| g | |||||
| Audit fees | |||||
| Audit ofthe financial | statements | 6,250 | 6,250 | 6,250 | |
| 6,250 | 6,250 | 6,250 | |||
| 11 Net incoming/outgoing | resources | ||||
| Net (outgoing)/incoming | resources for the year include: | ||||
| 2022 | 2021 | ||||
| Operating leases - other |
assets | 36,250 | 35,236 | ||
| Audit fees | 6,250 | 6,250 | |||
| Other non-audit services |
2,993 | 1,591 | |||
| Depreciation offixed assets | 161,295 | 165,042 | |||
| Finance charges payable | 756 | 2,941 |
| 13Staffcosts The aggregate payroll costs were as follows: |
||
|---|---|---|
| 2022 | 2021 | |
| Staffcosts during the year were: | ||
| Wages and salaries | 299,087 | 275,687 |
| Social security costs | 15,475 | 13,094 |
| Pension costs | 5,125 | 4,363 |
| Other staff costs | 5,778 | 229 |
| 325,465 | 293,373 |
| the year was | as follow | s: | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| No | No | |||||
| Average numbers | 22 | 22 | ||||
| No employee | received | emoluments | ofmore than 860,000 during | the year. | ||
| 14 Auditors' | remuneration | |||||
| 2022 | 2021 | |||||
| Audit ofthe | financial | statements | 6,250 | 6,250 |
| 16 Tangible fixed assets | |||
|---|---|---|---|
| Land and | Plant and | ||
| buildings | machinery | Total | |
| 8 | |||
| Cost | |||
| At I April 2021 | 4,726,549 | 124,747 | 4,851,296 |
| Additions | 1,706 | 1,706 | |
| Disposals | (916) | (916) | |
| At 31March 2022 | 4,726,549 | 125,537 | 4,852,086 |
| Depreciation | |||
| At I April 2021 | 1,575,200 | 113,083 | 1,688,283 |
| Charge for the year Eliminated on disposals |
157,552 | 3,743 (9169 |
161,295 ~916 |
| At 31March 2022 | 1,732,752 | 115,910 | 1,848,662 |
| Net book value | |||
| At 31March 2022 | 2,993,797 | 9,627 | 3,003,424 |
| At 31March 2021 | 3,151,349 | 11,664 | 3,163,013 |
| 24 Funds | |||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at I | Incoming | Resources | 31March | ||
| April 2021 | resources | expended | Transfers | 2022 | |
| 8 | 8 | ||||
| Unrestricted funds |
|||||
| General | |||||
| General | 3,140,941 | 587,539 | (723,054) | (44,344) | 2,961,082 |
| Restricted funds | |||||
| BBorzello Female | |||||
| Perspective | 6,000 | (3,000) | (3,000) | ||
| Criw Celf | 129,275 | (124,846) | (2,$64) | 1,565 | |
| Foyle Foundation | 8,402 | 14,500 | (22,902) | ||
| Learning and Curatorial |
|||||
| Fund | 3$,467 | (38,525) | 58 | ||
| Jacqueline de Jong | |||||
| Exhibition | 7,447 | 34,261 | (63,365) | 21,657 | |
| Angharad Williams |
|||||
| Exhibition | 3,000 | 14,000 | (24,535) | 7,535 | |
| Garfield Weston Culture | |||||
| Fund | 106,035 | (3,228) | (13,500) | 89,307 | |
| Project Space | 47,626 | (21,784) | 25,842 | ||
| Anathemata Exhibition |
5,000 | (12,372) | 7,372 | ||
| Cultural Professionals | |||||
| Connection | 2,500 | (13,086) | 10,586 | ||
| Creativity is Mismkes |
2,150 | (1,630) | 520 | ||
| Temporary Atlas |
(148) | (148) | |||
| Frances Disley Project Podcast Digital Project |
(3,050) ~5.(10) |
10,000 6,500 |
6,950 990 |
||
| Total restricted funds |
169,351 | 249,312 | (337,981) | 44,344 | 125,026 |
| Total funds | 3,310,292 | 836,851 | (1,061,035) | 3,086,10$ |
| Notes to the F | inancial Stateme | nts for the |
Year Ended 3 | 1March 202 | 2 |
|---|---|---|---|---|---|
| Balance at | |||||
| Balance atI | Incoming | Resources | 31March | ||
| April 2020 | resources | expended | Transfers | 2021 | |
| f, | 8 | ||||
| Unrestricted funds |
|||||
| General | |||||
| General | 3,228,612 | 585,567 | (663,671) | (9,567) | 3,140,941 |
| Restricted | |||||
| Canvas / Edge |
9,919 | 3,000 | (12,919) | ||
| BBorzello Female | |||||
| Perspective | 3,000 | 3,000 | 6,000 | ||
| ACW Capital Grant | |||||
| (Refurbishment) | 12,520 | (17,886) | 5,366 | ||
| Crim Calf | 5,410 | (5,410) | |||
| Foyle Foundation | 14,500 | (6,098) | 8,402 | ||
| Learning and Curatorial |
|||||
| Fund | 40,000 | (1,533) | 38,467 | ||
| Jacqueline de Jong |
|||||
| Exhibition | 10,000 | (2,553) | 7,447 | ||
| Angharad Williams |
|||||
| Exhibition | 3,000 | 3,000 | |||
| Tarek Lakhrissi; My | |||||
| Immortal | 5,000 | (5,000) | |||
| Garfield Weston Culture | |||||
| Fund | 106,750 | (715) | 106,035 | ||
| RWathen BookFund | 7,262 | (7,495) | 233 | ||
| Nick Hornby Exhibition | |||||
| Catalogue | 5,658 | (9,399) | 3,741 | ||
| ACW Business | |||||
| Organisational Restructure |
10,000 | (10,000) | |||
| ACW Strength through | |||||
| adversity Queer is not alabel |
15,000 3,000 |
(15,000) ~(3,227 |
227 | ||
| Total restricted funds | 18,329 | 238,690 | (97,235) | 9,567 | 169,351 |
| Total funds | 3,246,941 | 824,237 | (7609067 | - | 3,310,292 |
| Unrestricted | Total funds at | ||
|---|---|---|---|
| funds | Restricted | 31March | |
| General | funds | 2022 | |
| Tangible fixed assets | 2,996,448 | 6,976 | 3,003,424 |
| Current assets | 48,505 | 224,185 | 272,690 |
| Current liabilities | (72,530) | (106,135) | (178,665) |
| Creditors over I year | (11,341) | (11,341) | |
| Total net assets | 2,961,082 | 125,026 | 3,086,108 |
| Unrestricted | Total funds at | ||
| funds | Restricted | 31March | |
| General | funds | 2021 | |
| Tangible axed assets | 3,163,013 | 3,163,013 | |
| Cumeut assets | 80,935 | 174,331 | 255,266 |
| Current liabilities | (91,666) | (4,980) | (96,646) |
| Creditors over 1year | (11,341) | (11,341) | |
| Total net assets | 3,140,941 | 169,351 | 3,310,292 |
| Categoris | ation offinancial |
instruments | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| f | |||||||
| Financial | assets that are debt | instruments | measured | at amortised | cost | 256,494 | 238,836 |
| Financial | liabilities measured | at amortised | cost | (190,006) | (107,987) |