2023-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Strategic Report
Trustees' Report		3to6
Independent Examiner's	Report
Statement ofFinancial	Activities	8to9
Balance Sheet		10
Notes to the Financial	Statements	IIto 26

(Including Inc	ome an	d Expenditure	Account and and Losses)	Statement o	fTotal Recogn	ised Gains
						Total
				Unrestricted	Restricted	2023
			Note
Income and Endowments		from:
Donations and legacies			3	462,312	142,469	604,781
Charitable activities			4	521		521
Other trading activities			5	101,897		101,897
Investment income			6	453		453
Other income			7	27,823		27,823
Total Income				593,006	142,469	735,475
Expenditure on:
Raising funds			8	(63,194)		(63,194)
Charitable activities			9	~628,968	(307,727)	(936,692)
Total Expenditure				(692,159)	(307,727)	(999,886)
Net expenditure				(99,153)	(165,258)	(264,411)
Transfers between	funds			(40,232)	40,232
Net movement in funds				(139,385)	(125,026)	(264,411)
Reconciliation offunds
Total funds brought	forward		22	2,961,082	125,026	3,086,10S
Total funds carried	forward		22	2,821,697		2,821,697

					Total
			Unrestricted	Restricted	2022
		Note
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		7	19,184		19,184
Total Income			587,539	249,312	836,851
Expenditure on:
Raising funds Charitable activities		8 9	(58,227) ~664,827	337,981	(58,227) ~l.0ll 2.808
Total Expenditure			~723,054	337,981	1,061,035)
Net expenditure			(135,515)	(88,669)	(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			3,140,941	169,351	3,310,292
Total funds carried forward		22	2,961,082	125,026	3,086,108

			Balance Sheet as at 31	March 202	3
					2023	2022
				Note		K
Fixed assets
Tangible assets				15	2,842,288	3,003,424
Current assets
Stocks				16	26,857	16,196
Debtors				17	84,414	67,627
Cash at bank	and in hand			18	99,466	188,867
					210,737	272,690
Creditors: Amounts		falling due within one year		19	(219,987)	(178,665)
Net current	(liabilities)/assets				9,250	94,025
Total assets	less current		liabilities		2,833,038	3,097,449
Creditors: Amounts		falling due after more than one year		20	(11,341)	(11,341)
Net assets					2,821,697	3,086,108
Funds ofthe	charity:
Restricted income funds
Restricted funds				22		125,026
Unrestricted	income	funds
Unrestricted	funds				2,821,697	2,961,082
Total funds				22	2,821,697	3,086,108

			Unrestricted
					Total	Total
			General	Retricted	2023	2022
				K
Donations and legacies;
Donations	from	individuals	10,580	23,709	34,289	7,322
Grants, including		capital grants;
Government	grants		15,500	9,870	25,370	37,197
Non government		grants	436,232	108,890	545,122	677,281
			462,312	142,469	604,781	721,800

			Unrestricted
				Total	Total
			General	2023	2022
			8
	Exhibitions		521	521	100
5	Income from other trading	activities
			Unrestricted
				Total	Total
			General	2023	2022
Trading income;
	Shop income		101,897	101,897	95,752
			101,897	101,897	95,752

						IJnrestricted
						funds	Total	Total
						General	2023	2022
							K
Interest receivable			and similar income;
	Interest	receivable		on bank deposits		453	453	15
7	Other	income
						Unrestricted
							Total	Total
						General	2023	2022
Cafe rental						4,458	4,458	500
Room hire						100	100	60
Museums		and galleries exhibition			tax relief	23,265	23,265	18,624
						27,823	27,823	19,184

a) C	osts of tra	ding activities
				IJnrestricted
					Total	Total
				General	2023	2022
			Note		f.
Costs	ofgoods	sold		63,194	63,194	58,227
				63,194	63,194	58,227

9 Expenditure on c	haritable acti	vities
		Unrestricted
				Total	Total
		General	Restricted	2023	2022
	i%ate	8
Publicity costs		14,291	2,334	16,625	15,460
Premises costs		97,439	5,200	102,639	97,270
Exhibition program		73,622	220,444	294,066	336,935
Travel and
subsistence		34,607	310	34,917	14,609
Office costs		17,097	2,009	19,106	33,850
Sundry expenses		453		453	13,461
Bank charges		1,815		1,815	1,820
Interest payable		692		692	756
Depreciation		161,137		161,137	160,914
Legal and
professional		1,500		1,500
Staff costs		222,312	77,430	299,742	321,483
Governance costs	10	4,000		4,000	6,250
		628,965	307,727	936,692	1,002,808

						Uarestricted
						funds	Total		Total
						Geaeral	2023		2022
						8
Audit fees
Audit ofthe financial		statements							6,250
Independent	examiner fees
Examination ofthe financial				statements		4,000	4,000
						4,000	4,000		6,250
11 Net incoming/outgoing			resources
Net outgoing	resources	for	the	year include:
							2023		2022
Operating leases - other		assets					46,	145	36,250
Audit fees									6,250
Other non-audit services							3,870		2,993
Depreciation	offixed assets						161,135		161,295
Finance charges payable								692	756
Independent	examination						4,000
12 Trustees	remuneration		and expenses
During the year the charity			made the following		transactions	with trustees:

13 Staty costs
The aggregate payroll costs were as follows:
	2023	2022
Staffcosts during the year were:
Wages and salaries	279,872	299,087
Social security costs	13,973	15,475
Pension costs	5,076	5,125
Other staff costs	821	1,796
	299,742	321,483

2023		2022
No		No
	19		22

15 Tangible fixed assets
	Land and	Plant and
	buildings	machinery	Total
	8
Cost
At 1 April 2022	4,726,549	125,537	4,852,086
At 31March 2023	4,726,549	125,537	4,852,086
Depreciation
At 1 April 2022	1,732,752	115,909	1,848,661
Charge for the year	157,392	3,745	161,137
At 31March 2023	1,890,144	119,654	2,009,798
Net book value
At 31March 2023	2,836,405	5,883	2,842,288
At 31March 2022	2,993,797	9,628	3,003,425

16 Stock
	2023	2022
Stocks	26,857	16,196
17 Debtors
	2023	2022
Trade debtors	57,158	3,193
Prepayments	13,097	14,188
Other debtors	14,159	50,246
	84,414	67,627

18 Cash and cash equivalents	18 Cash and cash equivalents
			2023	2022
Cash on hand			40
Cash at bank			99,426	188,867
			99,466	188,867
19Creditors: amounts	falling due within	oue year
			2023	2022
				8
Trade creditors			148,700	82,438
Other taxation and social	security		3,200	4,880
Other creditors			55,363	81,947
Accruals			12,724	9,400
			219,987	178,665
20 Creditors: amounts	falling due after	one year
			2023	2022
Other loans			11,341	11,341

22 Funds
						Balance at
	Balance at I	Incoming	Resources			31March
	April 2022	resources	expended	Transfers		2023
		8		8		K
Unrestricted funds
General
General	2,961,082	593,006	(692,159)	(40,232)		2,821,697
Restricted funds
Summer offun project		2,500	(2,500)
Digital Innovation		5,000	(5,000)
Llandudno Tourist &
Innovation Grant		7,370	(7,370)
Cerith Wyn Evans		33,500	(44,596)	11,096
Criw Celf	1,565	39,596	(41,161)
Jacqueline de Jong
Exhibition			(18,721)	18,721
Angharad Williams
Exhibition		2,000	(6,902)	4,902
Garfield Weston Culture
Fund	89,307		(85,807)	(3,500)
NRW L&E - Undergrowth
program		45,863	(47,150)	1,287
Heating system repairs		1,200	(5,200)	4,000
Project Space	25,842	(1,785)	(27,586)	3,529
Creativity is Mistakes	520		(569)		49
Temporary Atlas	(148)				148
Frances Disley Project Podcast Digital Project	6,950 990	7,225	(14,175) ~990)
Total restricted funds	123026	142469	~307727)	40	232
Total funds	3,086,11)8	731471	~999,886),			2,821,697

	Notes to the F	inancial Stateme	nts for the	Year Ended 3	1March 202	3
						Balance at
		Balance at 1	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
BBorzello	Female
Perspective		6,000		(3,000)	(3,000)
Criw Celf			129,275	(124,846)	(2,864)	1,565
Foyle Foundation		8,402	14,500	(22,902)
Learning and Curatorial
Fund		38,467		(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 Mistakes		2,150	(1,630)		520
Temporary	Atlas			(148)		(148)
Frances Disley Project Podcast Digital Project				(3,050) ~5.550	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	~1,065,035		3,086,108

23 Analysis ofnet assets between funds	23 Analysis ofnet assets between funds	23 Analysis ofnet assets between funds
				Unrestricted	Total funds at
				funds	31March
				General	2023
Tangible	fixed	assets		2,842,288	2,842,288
Current	assets			210,737	210,737
Current	liabilities			(219,987)	(219,987)
Creditors over		1 year		(11,341)	(11,341)
Total net assets				2,821,697	2,821,697
			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	1year	(11,341)		(11,341)
Total net assets			2,961,082	125,026	3,086,108