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|||CONTENTS|||
|---|---|---|---|---|
|REPORT OF THE|COUNCIL|||1-3|
|INDEPENDENT<br>EXAMINER'S||REPORT||4-5|
|STATEMENT<br>OF|FINANCIAL|ACTIVITIES|||
|BALANCE SHEET||||7-8|
|NOTES FORMING|PART OF|THK FINANCIAL|STATEMENTS|9-22|





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|||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<br>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|





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|||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|





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|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<br>Donations|||1,406|
||||||104,548|



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||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<br>(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|





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|4.|Invest|ment<br>Income|||
|---|---|---|---|---|
||||2022|2021|
|||Wayleave|||
|||Bank Deposit Interest|||
|5.|Events|and Concerts|||
||||2022|2021|
|||Income|3,664||
|||Expenditure|(3,714)|(107)|
|||(Deficit)|(50)|(107)|





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||INCOME AND|EXPENDITURE ACCOUNT|||
|---|---|---|---|---|
||||2022|2021|
|INCOME|||||
|BoxOffice|||2,630||
|Donations,<br>Grants|and Sponsorship|*|7,281|7,210|
|Benefactors|||4,619|7,250|
||||14,530|14,460|
|EXPENDITURE|||||
|Performers'<br>Fees and Expenses|||11,530|3,410|
|Freelance Staff|||3,540|3,000|
|Filming at Festival||||800|
|Flowers and Stage|Decoration||10||
|Printing,<br>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|





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|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<br>Services||4,000||4,000|
|Printing,<br>Publicity|and Advertising|559||757|
|Insurance||2,229||2,229|
|Filming Exhibitions||||600|
|Packaging<br>and Transport||852||8,701|
|Workshop<br>and Exhibition Fees||6,527|||
|Fees and Subscriptions||310||378|
|Travel and Subsistence||458|||
|Competition<br>Prizes||1,900|||
|||16,835||16,665|
|SURPLUS/(DEFICIT)||7,072|K|(2,964)|





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|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|





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|Expenditure<br>on Charitable|Expenditure<br>on Charitable|Activities|Activities|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|2022|2021|
|Tabernacle<br>Running|Costs (see||*below)|144,451|113,944|258,395|215,767|
|Events and Concerts|(Note 5)|||3,714||3,714|107|
|Educational<br>Foundation|||||500|500|1,600|
|Festival (Note 6)||||9,941|7,281|17,222|7,620|
|Exhibitions<br>(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<br>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|





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|10.Independent<br>Examination|Fees|||||
|---|---|---|---|---|---|
|||||2022|2021|
|Included<br>under accountancy<br>in note 9||are amounts|payable to the|||
|independent<br>examiner|for independent|examination|ofthe Financial|||
|Statements||||850|850|



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|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|





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|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|





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||||||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|



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|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||





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|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<br>Foundation||||7,532|7,532|
|Auditorium<br>Sound System Fund||||8,500|8,500|
|Exhibition<br>Funds||||||
|Dyfi Estuary Book Fund||||||
|Cultural<br>Recovery Funds||||||
|StaffPosts Fund||||||
|Unrestricted<br>Funds|||494,348|43,373|537,721|
||||2,472,031|66,449|2,538,480|



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