| CONTENTS | ||||
|---|---|---|---|---|
| REPORT OF THE | COUNCIL | 1-3 | ||
| INDEPENDENT EXAMINER'S |
REPORT | 4-5 | ||
| STATEMENT OF FINANCIAL |
ACTIVITIES | |||
| BALANCE SHEET |
7-S | |||
| NOTES FORMING | PART OF | THE FINANCIAL | STATEMENTS | 9-22 |
| Note | Unrestricted | Restricted | Endowment | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||||||||
| INCOME | ||||||||||||
| Donations | and | Grants | 2 | 192,396 | 76,937 | 269,333 | 230,128 | |||||
| Charitable | Activities | 3 | 99,952 | 33,322 | 133,274 | 68,003 | ||||||
| Investments | 4 | 16 | 16 | I | ||||||||
| Total Income | 292,364 | 110,259 | 402,623 | 298,132 | ||||||||
| EXPENDITURE | ||||||||||||
| Charitable | Activities | 9 | 291,269 | 113,522 | 404,791 | 336,133 | ||||||
| Net Income/(Expenditure) | 11 | 1,095 | (3,263) | (2,168) | (38,001) | |||||||
| Transfers between | Funds | |||||||||||
| Net Movement | in | Funds | 1,095 | (3,263) | (2,168) | (38,001) | ||||||
| Reconciliation | of | Funds: | ||||||||||
| Total Funds Brought Forward | 537,721 | 646,242 | 1,354,517 | 2,538,480 | 2,576,481 | |||||||
| Total Funds Carried Forward | f. | 538,816 f | 642,979 | K | 1,354,517 | K | 2,536312 | K | 2,538,480 |
| Note | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Tangible Assets | 13 | 2,473,154 | 2,472,031 | |||
| CURRENT ASSETS | ||||||
| Stock | 14 | 2,540 | 2,427 | |||
| Debtors | 15 | 11,798 | 4,586 | |||
| Cash at Bank | 97,998 | 85,216 | ||||
| Cash in Hand | 310 | 310 | ||||
| 112,646 | 92,539 | |||||
| CREDITORS - amounts | falling | |||||
| due within one year | 16 | 49,488 | 26,090 | |||
| NET CURRENT ASSETS | 63,158 | 66,449 | ||||
| TOTAL NET ASSETS | 2,536,312 | 2,538,480 | ||||
| The Funds ofthe Charity: | ||||||
| CAPITAL FUNDS | ||||||
| Endowments | 17 | 1,354,517 | 1,354,517 | |||
| INCOME FUNDS | ||||||
| Restricted | 18 | 642,979 | 646,242 | |||
| Unrestricted | 19 | 538,816 | 537,721 | |||
| TOTAL FUNDS | 2,536,312 | 2,53S,4SO |
| The Lambert Family | Charitable | Charitable | Fund | 100,000 |
|---|---|---|---|---|
| Garthgvvyruon Charities |
60,000 | |||
| Welsh Government | Grants (Cost ofLiving) | 10,000 | ||
| Mr David Williams | 5,250 | |||
| Arts Council ofWales | 1,676 | |||
| Others | 15,470 | |||
| 192,396 | ||||
| Restricted Funds | ||||
| The Lambert Family | Charitable | Fund | 50,000 | |
| Mr John Lavrin | 6,250 | |||
| Mrs Sally Marshall | 6,250 | |||
| Mr Justin Woodhouse | 6,250 | |||
| Mr Norman Halls |
6,250 | |||
| Other | 1,000 | |||
| Educational Foundation |
Donations | 937 | ||
| 76,937 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| Fees | 6,478 | 6,478 | 1,003 | |
| Events and Concerts (Note 5) | 31,619 | 31,619 | 3,664 | |
| Festival (Note 6) | 40,053 | 3,808 | 43,861 | 14,530 |
| Exhibitions (Note 7) |
21,802 | 4,850 | 26,652 | 23,907 |
| Royal House (Note 8) | 24,664 | 24,664 | 24,899 | |
| 99,952 | 33,322 | 133,274 | 68,003 |
| 4. | Investment Income |
||
|---|---|---|---|
| 2023 | 2022 | ||
| Wayleave | 1 | ||
| Bank Deposit Interest | 15 | ||
| 16 | |||
| 5. | Events and Concerts | ||
| 2023 | 2022 | ||
| Income | 31,619 | 3,664 | |
| Expenditure | (21,737) | (3,714) | |
| Profit/(Deficit) | 9,882 | ~58 |
| 2023 | 2022 | ||
|---|---|---|---|
| INCOME | |||
| BoxOffice | 29,541 | 2,630 | |
| Donations, Grants and Sponsorship |
3,808 | 7,281 | |
| Benefactors | 10,512 | 4,619 | |
| 43,861 | 14,530 | ||
| EXPENDITURE | |||
| Performers' Fees and Expenses |
57,412 | 11,530 | |
| Freelance StM | 3,540 | ||
| Flowers and Stage Decoration | 250 | 10 | |
| Printing, Publicity and Advertising |
8,380 | 299 | |
| Fees and Subsciptions | 155 | ||
| Piano Hire and Tuning | 4,368 | 505 | |
| Miscellaneous | 79 | 1,338 | |
| 70,644 | 17422 | ||
| (DEFICIT) | K~26,783 | f. | (2,692) |
| 2023 | 2022 | |||
|---|---|---|---|---|
| INCOME | ||||
| Commission | 19,466 | 19,283 | ||
| Sales and | Fees | 2,336 | 1,389 | |
| Donations, Grants and Sponsorship |
4,850 | 3,235 | ||
| 26,652 | 23,907 | |||
| EXPENDITURE | ||||
| Curatorial | Services | 3,068 | 4,000 | |
| Printing, | Publicity and Advertising | 4,030 | 559 | |
| Insurance | 2,389 | 2,229 | ||
| Packaging | and Transport | 3,347 | 852 | |
| Workshop | and Exhibition Fees | 6,527 | ||
| Fees and | Subscriptions | 110 | 310 | |
| Travel and Subsistence | 608 | 458 | ||
| Competition Prizes |
3,250 | 1,900 | ||
| 16,802 | 16,835 | |||
| SURPLUS | 9,850 | f | 7,072 |
| Royal House | |||
|---|---|---|---|
| 2023 | 2022 | ||
| f. | |||
| INCOME | |||
| Rent Receivable | 24,664 | 24,899 | |
| EXPENDITURE | |||
| Rates and Water | 1,987 | 1,897 | |
| Light and Heat | 1,338 | 2,726 | |
| Repairs and Maintenance | 220 | 5,216 | |
| Insurance | 1,808 | 1,697 | |
| Licences | 159 | 159 | |
| Sundry Repairs and Cleaning | 3,566 | 3,406 | |
| Letting Agency Fees | 3,673 | 3,735 | |
| Bank Charges | 14 | 14 | |
| 12,765 | 18,850 | ||
| SURPLUS | 11,899 | f. | 6,049 |
| f r | f r | the Year | the Year | Ended 31st c~o~in i~ |
March 2023 |
|||
|---|---|---|---|---|---|---|---|---|
| 9. | Expenditure on Charitable |
Activities | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | 2023 | 2022 | |||||
| g | ||||||||
| Tabernacle Running |
Costs (see | *below) | 185,412 | 61,899 | 247,311 | 258,395 | ||
| Events and Concerts | (Note 5) | 21,737 | 21,737 | 3,714 | ||||
| Educational Foundation |
4,200 | 4,200 | 500 | |||||
| Festival (Note 6) | 66,836 | 3,808 | 70,644 | 70,644 | ||||
| Exhibitions (Note 7) |
11,952 | 4,850 | 16,802 | 16,835 | ||||
| Royal House (Note 8) | 12,765 | 12,765 | 10,957 | |||||
| Acquisition ofWorks ofArt | 5,332 | 26,000 | 31,332 | 1,440 | ||||
| Dyfi Estuary Book | 19,177 | |||||||
| 291,269 | 113,522 | 404,791 | 381,662 | |||||
| Tabernacle Runnin |
Costs | 2023 | 2022 | |||||
| StaffCosts: | ||||||||
| Wages and NI | 158,020 | 176,412 | ||||||
| Pension Costs | 2,257 | 3,544 | ||||||
| 160,277 | 179,956 | |||||||
| Insurance | 10,272 | 8,349 | ||||||
| Premises Costs: | ||||||||
| Rates and Water | 6,381 | 4,386 | ||||||
| Light and Heat | 25,771 | 16,215 | ||||||
| Repairs and Maintenance | -Premises | 9,975 | 14,198 | |||||
| Sundry Repairs and Cleaning | 6,159 | 2,977 | ||||||
| 48,286 | 37,776 | |||||||
| Postage, Stationery | and Marketing | 4,583 | 4,752 | |||||
| Website Development | 400 | 2,975 | ||||||
| Strategy and Business Planning | 7,142 | 7,380 | ||||||
| General Offtce Costs: | ||||||||
| Telephone | 3,681 | 2,907 | ||||||
| Payroll Services | 10 | 900 | ||||||
| Bank Charges | 756 | 471 | ||||||
| Credit Card Charges | 2,626 | 973 | ||||||
| 7,073 | 5,251 | |||||||
| Accountancy | 5,500 | 5,500 | ||||||
| Depreciation | 2,722 | 4,833 | ||||||
| Miscellaneous | 1,056 | 1,623 | ||||||
| 247,311 | 258,395 |
| 10.Independent Examination |
Fees | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Included under accountancy in note 9 |
are amounts | payable to the | |||
| independent examiner |
for independent | examination | ofthe Financial | ||
| Statements | 850 | 850 |
| 11.Net Income | ||
|---|---|---|
| This is stated after charging: | ||
| 2023 | 2022 | |
| Depreciation ofTangible Fixed Assets | 2,722 | 4,833 |
| 12.Staff | ||
| 2023 | 2022 | |
| Total StaffCosts Comprised: | ||
| Wages and Salaries | 148,936 | 165,778 |
| Social Security Costs | 9,084 | 10,634 |
| Pension Costs | 2,257 | 3,544 |
| 160,277 | 179,956 |
| Freehold | Musical | Equipment | Total | |||
|---|---|---|---|---|---|---|
| Property | Instruments | Furniture | ||||
| Fixtures | ||||||
| &Fittings | ||||||
| Cost | ||||||
| At 1stApril | 2022 | 2,431,824 | 44,035 | 274,615 | 2,750,474 | |
| Expenditure | in Year | 3,845 | 3,845 | |||
| Disposals in | Year | |||||
| 2,431,824 | 44,035 | 278,460 | 2,754,319 | |||
| Depreciation: | ||||||
| At 1stApril | 2022 | 9,265 | 269,178 | 278,443 | ||
| Amount Provided | ||||||
| in Year | 2,722 | 2,722 | ||||
| Disposals in | Year | |||||
| 9,265 | 271,900 | 281,165 | ||||
| Net BookValue | ||||||
| at 31stMarch 2023 | 2,431,824 | 34,770 | 6,560 | K | 2,473,154 | |
| Net BookValue | ||||||
| at 31stMarch 2022 | 2,431,$24 | 34,770 | 5,437 | g | 2,472,031 |
| Stocks are stated at th | e lower ofcost and net realisable va | lue: | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Books, Catalogues | and Postcards | 1,800 | 2,254 | |
| Bar Stock | 740 | 173 | ||
| 2,540 | 2,427 | |||
| 15. | Debtors | |||
| 2023 | 2022 | |||
| Trade Debtors | 2,416 | 558 | ||
| Income Tax Recoverable | 8,767 | 2,903 | ||
| PrePayments | 615 | 1,125 | ||
| 11,798 | 4,586 | |||
| 16. | Creditors - amounts | falling due within one year |
| Creditors - amounts falling due within one year |
||
|---|---|---|
| 2023 | 2022 | |
| Trade Creditors | 7,643 | 10,851 |
| Taxation and Social Security | 3,124 | |
| Accruals | 5,960 | 6,400 |
| Value Added Tax Payable | 8,093 | 1,120 |
| Deferred Income - General | 5,118 | 1,781 |
| Deferred Income - Festival Benefactors | 19,550 | 5,938 |
| 49,488 | 26,090 |
| Movement | in Funds | ||||||
|---|---|---|---|---|---|---|---|
| Balance | Incoming | Balance | |||||
| 31stMarch 2022 | ReSOurCeS | TranSferS | 31stMarch 2023 | ||||
| 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 2022 | Income | Expenditure | 31stMarch 2023 | |||
| The Old | Tannery Appeal | 467,028 | 467,028 | |||
| Glasfryn | Fund | 163,182 | 163,182 | |||
| Educational | Foundation | 7,532 | 937 | 4,200 | 4,269 | |
| Auditorium | Sound System Fund | 8,500 | 8,500 | |||
| Festival | 3,808 | 3,808 | ||||
| Exhibition | Funds | 4,850 | 4,850 | |||
| StaffPosts | Fund | 50,000 | 50,000 | |||
| 646,242 | 59,595 | 62,858 | 642,979 |
| Analysis of | Net Ass | ets betw | een | Funds | |||
|---|---|---|---|---|---|---|---|
| Tangible | Net Current | ||||||
| Fixed Assets | Assets | Total | |||||
| 8 | f. | ||||||
| Endowments | |||||||
| The ARO | Lambert Fund | 10,000 | 10,000 | ||||
| The General Endowment | Fund | 390,258 | 390,258 | ||||
| The Nora | Gibbs and Mollie Winterbum | ||||||
| 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 |
4,269 | 4,269 | |||||
| Auditorium | Sound System Fund | 8,500 | 8,500 | ||||
| Unrestricted | Funds | 495,471 | 43,345 | 538,816 | |||
| 2,473,154 | 63,158 | 2,536,312 |