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|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|||||||
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|(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)|($8,669)|(224,184)|
|Transfers between|funds|||(44,344)|44,344||
|Net movement
in funds||||(179,859)|(44,325)|(224,184)|
|Reconciliation offunds|||||||
|Total funds brought|forward||24|3,140,941|169,351|3,310,292|
|Total funds carried|forward||24|2,961,082|125,026|3,086,108|
##
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|||and Losses)||||
|---|---|---|---|---|---|
||||||Total|
||||Unrestricted|Restricted|2021|
|||Note||||
|Income and Endowments|from:|||||
|Donations
and legacies|||500,902|238,690|739,592|
|Charitable
activities|||37,123||37,123|
|Other trading activities|||37,934||37,934|
|Investment
income|||8||8|
|Other income|||9,600||9,600|
|Total Income|||585,567|238,690|824,257|
|Expenditure
on:||||||
|Raising funds||8|(37,404)||(37,404)|
|Charitable
activities||9|(626,267)|(97,235)|(723,502)|
|Total Expenditure|||(663,671)|(97,235)|(760,906|
|Net (expenditure)/income|||(78,104)|141,455|63,351|
|Transfers
between
funds|||(9,567)|9,567||
|Net rnovernent
in funds|||(87,671)|151,022|63,351|
|Reconciliation offunds||||||
|Total funds brought
forward|||3,228,612|18,329|3,246,941|
|Total funds carried forward||24|3,140,941|169,351|3,310,292|
##
##
|||Balance Sheet as at 31|March 2022|||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|f.||
|Fixed assets||||||
|Tangible assets|||16|3,003,424|3,163,013|
|Current assets||||||
|Stocks|||17|16,196|16,430|
|Debtors|||18|67,627|5$,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|
##
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|||||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|
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||||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|
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||Unrestricted|||
|---|---|---|---|
|||Total|Total|
||General|2022|2021|
|Note||||
||58,227|58,227|37,404|
||58,227|58,227|37,404|
##
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|||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|
##
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|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|
##
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|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|
##
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|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|
##
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##
||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)|