| CONTENTS | ||||
|---|---|---|---|---|
| REPORT OF THE | COUNCIL | 1-3 | ||
| INDEPENDENT EXAMINER'S |
REPORT | 4-5 | ||
| STATEMENT OF |
FINANCIAL | ACTIVITIES | ||
| BALANCE SHEET | 7-8 | |||
| NOTES FORMING | PART OF | THK FINANCIAL | STATEMENTS | 9-22 |
| Note | Unrestricted | Restricted | Endowment | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||||||||
| INCOME | ||||||||||||
| Donations | and Grants | 125,580 | 104,548 | 230,128 | 314,930 | |||||||
| Charitable | Activities | 32,588 | 35,415 | 68,003 | 37,065 | |||||||
| Investments | 1 | 1 | 2 | |||||||||
| Total Income | 158,169 | 139,963 | 298,132 | 351,997 | ||||||||
| EXPENDITURE | ||||||||||||
| Charitable | Activities | 166,146 | 169,987 | 336,133 | 251,363 | |||||||
| Net Income/(Expenditure) | 11 | (7,977) | (30,024) | (38,001) | 100,634 | |||||||
| Transfers between Funds |
5,916 | (5,916) | ||||||||||
| Net Movement | in Funds | (2,061) | (35,940) | (38,001) | 100,634 | |||||||
| Reconciliation | ofFunds | |||||||||||
| Total Funds Brought Forward | 539,782 | 682,182 | 1,354,517 | 2,576,481 | 2,475,847 | |||||||
| Total Funds Carried Forward | K | 537,721 | K | 646,242 | f, | 1,354,517 | K | 2,538,480 | K | 2,576,481 |
| Note | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Tangible Assets | 13 | 2,472,031 | 2,476,864 | |||
| CURRENT ASSETS | ||||||
| Stock | 14 | 2,427 | 1,197 | |||
| Debtors | 15 | 4,586 | 12,450 | |||
| Cash at Bank | 85,216 | 131,836 | ||||
| Cash in Hand | 310 | 355 | ||||
| 92,539 | 145,838 | |||||
| CREDITORS - amounts | falling | |||||
| due within one year | 16 | 26,090 | 46,221 | |||
| NET CURRENT ASSETS | 66,449 | 99,617 | ||||
| TOTAL NET ASSETS | 2,538,480 | 2,576,481 | ||||
| The Funds ofthe Charity: | ||||||
| CAPITAL FUNDS | ||||||
| Endowments | 17 | 1,354,517 | 1,354,517 | |||
| INCOME FUNDS | ||||||
| Restricted | 18 | 646,242 | 682,182 | |||
| Unrestricted | 19 | 537,721 | 539,782 | |||
| TOTAL FUNDS | 2,538,480 | 2,576,481 |
| a). | Unrestricted | Funds | |||
|---|---|---|---|---|---|
| Garthgwynion | Charities | 60,000 | |||
| The Lambert | Family | Charitable | Fund | 30,000 | |
| Legacy f'rom | Cynthia James | 24,580 | |||
| Others | 11,000 | ||||
| 125,580 | |||||
| b). | Restricted Funds | ||||
| The Lambert | Family | Charitable | Fund | 50,000 | |
| Welsh Government | Grants | 35,142 | |||
| Dyti Estuary | Book Sponsorship | 18,000 | |||
| Educational | Foundation Donations |
1,406 | |||
| 104,548 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| Fees | 1,003 | 1,003 | (609) | |
| Events and Concerts (Note 5) | 3,664 | 3,664 | ||
| Festival (Note 6) | 7,249 | 7,281 | 14,530 | 14,460 |
| Exhibitions (Note 7) |
20,672 | 3,235 | 23,907 | 13,701 |
| Royal House (Note 8) | 24,899 | 24,899 | 9,513 | |
| 32,588 | 35,415 | 68,003 | 37,065 |
| 4. | Invest | ment Income |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Wayleave | ||||
| Bank Deposit Interest | ||||
| 5. | Events | and Concerts | ||
| 2022 | 2021 | |||
| Income | 3,664 | |||
| Expenditure | (3,714) | (107) | ||
| (Deficit) | (50) | (107) |
| INCOME AND | EXPENDITURE ACCOUNT | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOME | ||||
| BoxOffice | 2,630 | |||
| Donations, Grants |
and Sponsorship | * | 7,281 | 7,210 |
| Benefactors | 4,619 | 7,250 | ||
| 14,530 | 14,460 | |||
| EXPENDITURE | ||||
| Performers' Fees and Expenses |
11,530 | 3,410 | ||
| Freelance Staff | 3,540 | 3,000 | ||
| Filming at Festival | 800 | |||
| Flowers and Stage | Decoration | 10 | ||
| Printing, Publicity |
and Advertising | 299 | 260 | |
| Fees and Subsciptions | 150 | |||
| Piano Hire and Tuning | 505 | |||
| Miscellaneous | 1,338 | |||
| 17,222 | 7,620 | |||
| (DEFICIT)/SURPLUS | (2,692) | 6,840 |
| Exhibitions | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOME | ||||
| Commission | 19,283 | 2,403 | ||
| Sales and Fees | 1,389 | 48 | ||
| Donations | 3,235 | 1,250 | ||
| Grants and Sponsorship | 10,000 | |||
| 23,907 | 13,701 | |||
| EXPENDITURE | ||||
| Curatorial Services |
4,000 | 4,000 | ||
| Printing, Publicity |
and Advertising | 559 | 757 | |
| Insurance | 2,229 | 2,229 | ||
| Filming Exhibitions | 600 | |||
| Packaging and Transport |
852 | 8,701 | ||
| Workshop and Exhibition Fees |
6,527 | |||
| Fees and Subscriptions | 310 | 378 | ||
| Travel and Subsistence | 458 | |||
| Competition Prizes |
1,900 | |||
| 16,835 | 16,665 | |||
| SURPLUS/(DEFICIT) | 7,072 | K | (2,964) |
| Royal House | |||
|---|---|---|---|
| 2022 | 2021 | ||
| INCOME | |||
| Rent Receivable | 24,899 | 9,513 | |
| EXPENDITURE | |||
| Rates and Water | 1,897 | 1,842 | |
| Light and Heat | 2,726 | 667 | |
| Repairs and Maintenance | 5,216 | 996 | |
| Insurance | 1,697 | 1,122 | |
| Licences | 159 | 157 | |
| Sundry Repairs and Cleaning | 3,406 | 2,125 | |
| Letting Agency Fees | 3,735 | 491 | |
| Bank Charges | 14 | 10 | |
| 18,850 | 7,410 | ||
| SURPLUS | 6)049 | K | 2,103 |
| Expenditure on Charitable |
Expenditure on Charitable |
Activities | Activities | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | 2022 | 2021 | ||||
| Tabernacle Running |
Costs (see | *below) | 144,451 | 113,944 | 258,395 | 215,767 | |
| Events and Concerts | (Note 5) | 3,714 | 3,714 | 107 | |||
| Educational Foundation |
500 | 500 | 1,600 | ||||
| Festival (Note 6) | 9,941 | 7,281 | 17,222 | 7,620 | |||
| Exhibitions (Note 7) |
6,600 | 10,235 | 16,835 | 16,665 | |||
| Royal House (Note 8) | 18,850 | 18,850 | 7,410 | ||||
| Acquisition ofWorks ofArt | 1,440 | 1,440 | |||||
| Dyfi Estuary Book | 19,177 | 19,177 | 2,194 | ||||
| 166,146 | 169,987 | 336,133 | 251,363 | ||||
| Tabernacle Runnin |
Costs | 2022 | 2021 | ||||
| StaffCosts: | |||||||
| Wages and NI | 176,412 | 135,779 | |||||
| Pension Costs | 3,544 | 3,263 | |||||
| 179,956 | 139,042 | ||||||
| Insurance | 8,349 | 9,829 | |||||
| Premises Costs: | |||||||
| Rates and Water | 4,386 | (2,291) | |||||
| Light and Heat | 16,215 | 14,736 | |||||
| Repairs and Maintenance | —Premises | 14,198 | 14,717 | ||||
| Sundry Repairs and Cleaning | 2,977 | 4,479 | |||||
| 37,776 | 31,641 | ||||||
| Postage, Stationery | and Marketing | 4,752 | 2,604 | ||||
| Website Development | 2,975 | 16,460 | |||||
| Strategy and Business Planning | 7,380 | ||||||
| General Office Costs: | |||||||
| Telephone | 2,907 | 2,862 | |||||
| Payroll Services | 900 | 900 | |||||
| Bank Charges | 471 | 314 | |||||
| Credit Card Charges | 973 | 651 | |||||
| 5,251 | 4,727 | ||||||
| Accountancy | 5,500 | 5,500 | |||||
| Depreciation | 4,833 | 5,565 | |||||
| Miscellaneous | 1,623 | 399 | |||||
| 258,395 | 215,767 |
| 10.Independent Examination |
Fees | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Included under accountancy in note 9 |
are amounts | payable to the | |||
| independent examiner |
for independent | examination | ofthe Financial | ||
| Statements | 850 | 850 |
| This | is stated after charging: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Depreciation ofTangible Fixed Assets | 4,833 | 5,565 | |
| 12.Staff | |||
| 2022 | 2021 | ||
| Total Staff Costs Comprised: | |||
| Wages and Salaries | 165,778 | 128,508 | |
| Social Security Costs | 10,634 | 7,271 | |
| Pension Costs | 3,544 | 3,263 | |
| 179,956 | 139,042 |
| 14. | Stock | |||||
|---|---|---|---|---|---|---|
| Stocks are stated | at the lower ofcost and | net realisable value: | ||||
| 2022 | 2021 | |||||
| Books, Catalogues | and Postcards | 2,254 | 820 | |||
| Bar Stock | 173 | 377 | ||||
| 2,427 | 1,197 | |||||
| 15. | Debtors | |||||
| 2022 | 2021 | |||||
| Trade Debtors | 558 | 2,096 | ||||
| Income Tax Recoverable | 2,903 | 2,829 | ||||
| Prepayments | 1,125 | 358 | ||||
| Value Added Tax Recoverable | 7,167 | |||||
| 4,586 | 12,450 | |||||
| 16. | Creditors - amounts | falling due within | one year | |||
| 2022 | 2021 | |||||
| Trade Creditors | 10,851 | 9,479 | ||||
| Taxation and Social Security | 1,724 | |||||
| Accruals | 6,400 | 6,400 | ||||
| Value Added Tax Payable | 1,120 | |||||
| Deferred Income | - General | 1,781 | 4,406 | |||
| Deferred Income | —Festival Benefactors | 5,938 | 4,212 | |||
| Loan - Estate of | Capt | RELambert | 20,000 | |||
| 26,090 | 46,221 |
| Movement | in Funds | ||||||
|---|---|---|---|---|---|---|---|
| Balance | Incoming | Balance | |||||
| 31stMarch 2021 | Resources | Transfers | 31stMarch 2022 | ||||
| The | ARO Lambert Fund | 10,000 | 10,000 | ||||
| The | General Endowment | Fund | 390,258 | 390,258 | |||
| The | Nora Gibbs and Mollie Winterburn | ||||||
| Bequest | 104,778 | 104,778 | |||||
| The | Royal House Restoration | Fund | 849,481 | 849,481 | |||
| 1,354,517 | 1,354,517 |
| Restricte | d | Funds | |||||
|---|---|---|---|---|---|---|---|
| Movement | in Funds | ||||||
| Balance | Balance | ||||||
| 31stMarch 2021 | Income | Expenditure | 31stMarch | 2022 | |||
| f. | |||||||
| The Old | Tannery Appeal | 467,028 | 467,028 | ||||
| Glasfryn | Fund | 163,182 | 163,182 | ||||
| Educational | Foundation | 6,626 | 1,406 | 500 | 7,532 | ||
| Auditorium | Sound System Fund | 8,500 | 8,500 | ||||
| Festival | 7,281 | 7,281 | |||||
| Exhibition | Funds | 7,000 | 3,235 | 10,235 | |||
| Dyfi Estuary Book Fund | 1,044 | 18,133 | 19,177 | ||||
| Cultural | Recovery Funds | 20,469 | 35,142 | 55,611 | |||
| StaffPosts | Fund | 8,333 | 50,000 | 58,333 | |||
| 682,182 | 115,197 | 151,137 | 646,242 |
| Analysis ofNet Assets between | Analysis ofNet Assets between | Funds | |||
|---|---|---|---|---|---|
| Tangible | Net Current | ||||
| Fixed Assets | Assets | Total | |||
| Endowments | |||||
| The ARO Lambert Fund | 10,000 | 10,000 | |||
| The General Endowment | Fund | 390,258 | 390,258 | ||
| The Nora Gibbs and Mollie Winterburn | |||||
| Bequest | 104,778 | 104,778 | |||
| The Royal House Restoration | Fund | 849,481 | 849,481 | ||
| 1,354,517 | 1,354,517 | ||||
| Restricted Funds | |||||
| The Old Tannery Appeal | 459,984 | 7,044 | 467,028 | ||
| Glasfryn Fund | 163,182 | 163,182 | |||
| Educational Foundation |
7,532 | 7,532 | |||
| Auditorium Sound System Fund |
8,500 | 8,500 | |||
| Exhibition Funds |
|||||
| Dyfi Estuary Book Fund | |||||
| Cultural Recovery Funds |
|||||
| StaffPosts Fund | |||||
| Unrestricted Funds |
494,348 | 43,373 | 537,721 | ||
| 2,472,031 | 66,449 | 2,538,480 |