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|||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|
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||||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|
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|||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|
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|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|
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||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|
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|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|
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||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)|
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|||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|
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|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|
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||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|
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|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|
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|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|
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|||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|
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||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|
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||||||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|
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|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|
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|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|
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