| Page | ||||
|---|---|---|---|---|
| Reference | and Administrative | Details ofthe Chadty, its Trustees and Advisers | 1-2 | |
| Trustees' | Report | 3 —17 | ||
| Trustees' | responsibilities | statement | 18 | |
| Independent auditors' |
report | on the financial statements | 19-23 | |
| Statement | of Financial | Activities | 24 | |
| Balance Sheet | 25 | |||
| Statement | ofCash Flows | |||
| Notes to the Financial Statements | 27-48 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| Note | 2023 f |
2023 6 |
2023f | 2022 | |
| Income from: | |||||
| Donations and legacies |
22,907 | 628,954 | 651,861 | 333,429 | |
| Charitable activities |
616,292 | 616,292 | 240,211 | ||
| Other trading activities |
18,724 | 18,724 | 16,203 | ||
| Investments | 3,138 | 3,138 | 366 | ||
| Other income | 42,488 | 42,488 | |||
| Total income | 22,907 | 1,309,596 | 1,332,503 | 590,209 | |
| Expenditure on: |
|||||
| Raising funds | 12,548 | 12,548 | 13,237 | ||
| Charitable activities |
94,053 | 1,005,085 | 1,099,138 | 660,108 | |
| Total expenditure | 94,053 | 1,017,633 | 1,111,686 | 693,345 | |
| Net movement in funds |
(71,146) | 291,963 | 220,817 | (103,136) | |
| Reconciliation offunds: |
|||||
| Total funds brought forward | 755,115 | 1,137,489 | 1,892,604 | 1,995,740 | |
| Net movement in funds |
(71,146) | 291,963 | 220,817 | (103,136) | |
| Total funds carried forward | 683,969 | 1,429,452 | 2,113,421 | 1,692,604 |
| ALNWICK DISTRICT PLAYHOUSE | ALNWICK DISTRICT PLAYHOUSE | ALNWICK DISTRICT PLAYHOUSE | ALNWICK DISTRICT PLAYHOUSE | ALNWICK DISTRICT PLAYHOUSE | TRUST | TRUST | |||
|---|---|---|---|---|---|---|---|---|---|
| (A company | limited | by guarantee) | |||||||
| REGISTERED NUMBER: 02567793 | |||||||||
| BALANCE SHEET | |||||||||
| AS AT | 31 | MARCH 2023 | |||||||
| Note | 2023 6 |
2022f | |||||||
| Fixed assets | |||||||||
| Tangible assets | 14 | 1,503,532 | 1,481,795 | ||||||
| Current assets | |||||||||
| Stocks | 15 | 4,006 | 491 | ||||||
| Debtors | 16 | 82,008 | 12,957 | ||||||
| Cash at bank and in | hand | 981,667 | 750,857 | ||||||
| 1,067,681 | 764,315 | ||||||||
| Creditortu amounts |
falling due within | one | |||||||
| year | 17 | (443,579) | (331,259) | ||||||
| Net current assets | 624,102 | 433,055 | |||||||
| Total assets less current liabilities | 2,127,634 | 1,914,851 | |||||||
| Creditors: amounts | falling due after | more | |||||||
| than one year | 18 | (14,213) | (22,247) | ||||||
| Total net assets | 2,113,421 | 1,892,504 | |||||||
| Charity funds | |||||||||
| Restricted funds | 20 | 683,969 | 755,115 | ||||||
| Unrestricted funds |
20 | 1,429,452 | 1,137,489 | ||||||
| Total funds | 2,113,421 | 1,892,604 |
| Note | 2023 5 |
2022 f |
||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net cash used in operating |
activities | 23 | 339,813 | 2,392 | ||
| Cash tlows from investing | activities | |||||
| Dividends, interests and rents from investments |
3,138 | 365 | ||||
| Proceeds from the sale oftangible fixed |
assets | 250 | ||||
| Purchase oftangible fixed assets | (91,664) | (2,354) | ||||
| Net cash used in investing |
activities | (88,276) | (1,988) | |||
| Cash flows from financing | activities | |||||
| Repayments ofborrowing |
(20,737) | (1L809) | ||||
| Net cash used in financing | activities | (20,737) | (11,809) | |||
| Change in cash and cash |
equivalents | in | the year | 230,800 | (11„405) | |
| Cash and cash equivalents | at the beginning | ofthe year | 750,867 | 762,272 | ||
| Cash and cash equivalents | at the end | of | the year | 24 | 981,667 | 750,867 |
| The notes on pages 27 to48 form part ofthese financial statements |
| Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2023 | |||
| 6 | 6 | 6 | |||
| Individuals | and small groups | 18,879 | 18,879 | ||
| Grants | 22,907 | 68,325 | 91,232 | ||
| Charity foundations | and other charities | 541,750 | 541,750 | ||
| 22,907 | 628,954 | 651,861 | |||
| Restricted | Unrestricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022f | 2022f | |||
| Individuals | and small groups | 1,711 | 40,931 | 42,642 | |
| Grants | 48,872 | 58,325 | 107,197 | ||
| Covid grants and support | 130,805 | 130,805 | |||
| Charity foundations | and other charities | 52,785 | 52,785 | ||
| 50,583 | 282,845 | 333,429 |
| Unrestricted | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||||
| 2023 | 2023 | |||||||||
| 6 | 6 | |||||||||
| Income | from | charitable | activities | - | Professional | events | and | activities | 462,976 | 462,976 |
| Income | from | charitable | activities | - | Community | events | and | activities | 131,797 | 131,797 |
| Sundry | other | income | 21,519 | 21,519 | ||||||
| 616,292 | 616,292 |
| Unrestricted | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||||
| 2022f | 2022 6 |
|||||||||
| Income | from | chadtable | activities | - | Professional | events | and | activities | 161,616 | 161,616 |
| Income | from | charitable | activities | - | Community | events | and | activities | 67,365 | 67,365 |
| Sundry | other | income | 11,230 | 11,230 | ||||||
| 240,211 | 240,211 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2023 | ||
| 8 | 5 | ||
| Friends ofthe Playhouse | subscriptions | 1,577 | 1,577 |
| Front row scheme | 5,012 | 5,012 | |
| Youth theatre subscriptions | 8,315 | 8,315 | |
| Choir subscriptions | 3,820 | 3,820 | |
| 18,724 | 18,724 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| 2022 6 |
2022f | ||
| Friends ofthe Playhouse | subscriptions | 6,500 | 6,500 |
| Front row scheme | 5,720 | 5,720 | |
| Youth theatre subscriptions | 2,233 | 2,233 | |
| Choir subscriptions | 1,750 | 1,750 | |
| 16,203 | 16,203 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 8 |
2023f | |||
| Bank | interest | receivable | 3,138 | 3,138 |
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| Bank | interest | receivable | 366 | 366 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| 8 | 8 | |||
| Theatre tax relief | 41,394 | 41,394 | ||
| Insurance | proceeds | 1,094 | 1,094 | |
| 42,488 | 42,488 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2023 | 2023 |
| 8 | 8 |
| 12,548 | 12,548 |
| Restricted | Unrestricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022f | 2022 | ||
| Fundrai | sing | 5,774 | 7,463 | 13,237 |
| Restricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total | ||||
| 2023 | 2023 | 2023 | ||||
| 8 | 8 | 8 | ||||
| Professional | events | and | activities | 76,055 | 702,482 | 778,537 |
| Community | events | and | activities | 17,998 | 302,603 | 320,601 |
| 94,053 | 1,005,085 | 1,099,138 | ||||
| Restricted | Unrestricted | |||||
| funds | funds | Total | ||||
| 2022 f |
2022 f |
2022f | ||||
| Professional | events | and | activities | 91,638 | 355,356 | 446,994 |
| Community | events | and | activities | 19,717 | 213,397 | 233,114 |
| 111,355 | 568,753 | 680,108 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total | ||||
| directly | costs | funds | ||||
| 2023 f. |
2023f | 2023 | ||||
| Professional | events | and | activities | 398,724 | 379,813 | 778,537 |
| Community | events | and | activities | 67,393 | 253,208 | 320,601 |
| 466,117 | 633,021 | 1,099,138 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total | ||||
| directly | costs | funds | ||||
| 2022f | 2022 | 2022f | ||||
| Professional | events | and | activities | 145,563 | 301,431 | 446,994 |
| Community | events | and | activities | 32,158 | 200,956 | 233,114 |
| 177,721 | 502,387 | 680,108 |
| Professional | Community | ||
|---|---|---|---|
| events and | events and | Total | |
| activities | activities | funds | |
| 2023f | 2023f | 2023f | |
| Bar 5 cafe purchases | 13,550 | 9,034 | 22,584 |
| Artistes fees | 325,070 | 54,009 | 379„079 |
| Theatre technicians | 6,524 | 4,350 | 10,8'74 |
| Film hire and programming | 53,580 | 53,580 | |
| 398,724 | 67,393 | 466,117 |
| Analysis ofexpenditure by activities (continued |
) | ||
|---|---|---|---|
| Analysis ofdirect costs (continued) | |||
| Professional | |||
| events and | Community | Total | |
| activities | events | funds | |
| 2022 | 2022 | 2022 | |
| Bar &cafe purchases | 3,705 | 2,471 | 6,176 |
| Artistes fees | 110,064 | 26,638 | 136,702 |
| Theatre technicians | 4,664 | 3,049 | T,713 |
| Film hire and programming | 27,130 | 27,130 | |
| 145,563 | 32,158 | 177,T21 |
| Professional | Community | |||
|---|---|---|---|---|
| events and | events and | Total | ||
| activities | activities | funds | ||
| 2023 | 2023 | 2023 | ||
| 5 | 6 | |||
| Depreciation | 41,767 | 27,845 | 69,612 | |
| Staff costs | 145,228 | 96,819 | 242,047 | |
| Premises | 85,591 | 57,061 | 142,652 | |
| Legal and professional | 4,734 | 3,156 | 7,890 | |
| Finance costs | 14,648 | 9,765 | 24,413 | |
| Repairs | 5,216 | 3,477 | 8,693 | |
| Insurance | 5,372 | 3,581 | 8,953 | |
| Advertising | 9,353 | 6,236 | 15,589 | |
| Staff training | 1,024 | 682 | 1,706 | |
| Sundry expenses | 10,090 | 6,726 | 16,816 | |
| Governance | costs | 25,203 | 16,802 | 42,005 |
| Irrecoverable | VAT | 16,097 | 10,732 | 26,829 |
| Spektrix | 14,194 | 9,462 | 23,656 | |
| Bad debts | 1,296 | 864 | 2,160 | |
| 379,813 | 253,208 | 633,021 |
| Analysis of | support cost | s (continued) | |||
|---|---|---|---|---|---|
| Professional | |||||
| events end | Community | Total | |||
| activities | events | funds | |||
| 2022f | 2022f | 2022 8 |
|||
| Depreciation | 43,038 | 28.692 | 71,730 | ||
| Staff costs | 122,546 | 81.698 | 204,244 | ||
| Premises | 69,257 | 46.172 | 115,429 | ||
| Legal and professional | 2,931 | 1,954 | 4,885 | ||
| Finance costs | 8,717 | 5,812 | 14,529 | ||
| Repairs | 7,366 | 4,910 | 12,276 | ||
| Insurance | 4,302 | 2,868 | 7,170 | ||
| Advertising | 4,794 | 3,196 | 7,990 | ||
| Staff training | 284 | 190 | 474 | ||
| Sundry expenses | 3,149 | 2,100 | 5,249 | ||
| Governance | costs | 18,291 | 12,194 | 30,485 | |
| Irrecoverable | VAT | 8,778 | 5,852 | 14,630 | |
| Spektrix | 7,978 | 5,318 | 13,296 | ||
| 301,431 | 200,956 | 502,387 | |||
| Governance | costs included | above comprise: | |||
| 2023 | 2022 | ||||
| E | |||||
| Accountancy | fees | 1,500 | 1,946 | ||
| Independent | examiner's fees | 830 | |||
| Audit fee | 4,000 | ||||
| Salaries and | wages | 16,335 | 20,035 | ||
| Bookkeeping | fees | 20,170 | 7,674 | ||
| 42,005 | 30,485 |
| NOTES | NOTES | NOTES | TO THE FINANCIAL STATEMENTS | TO THE FINANCIAL STATEMENTS | TO THE FINANCIAL STATEMENTS | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| FOR | THE YEAR ENDED 31 MARCH 2023 | |||||||||
| 11. | Auditors' remuneration |
|||||||||
| 2023f | 2022 | |||||||||
| Fees payable to the Company's annual accounts |
auditor | for the audit ofthe Company's | 4,000 | |||||||
| Fees payable to the Company's | auditor | in respect of: | ||||||||
| Independent examination |
ofthe | Company's annual |
accounts | 630 | ||||||
| All non-audit services not |
included | above | 2,000 | 1,946 | ||||||
| 12. | Staff costs and remuneration | |||||||||
| Staff costs comprise: | ||||||||||
| 2023f | 2022f | |||||||||
| Wages and salaries | 236,998 | 209,507 | ||||||||
| Somal security costs | 15,133 | 11,775 | ||||||||
| Pension costs | 6,251 | 2,997 | ||||||||
| 258,382 | 224,279 | |||||||||
| The average number | of | employees | during the | |||||||
| year was asfollows: | ||||||||||
| 2023 | 2022 | |||||||||
| Number | Number | |||||||||
| Marketing staff |
||||||||||
| Administrative staff |
||||||||||
| Technical staff | ||||||||||
| Theatre management | staff | |||||||||
| Arts development | ||||||||||
| Catering staff | ||||||||||
| 15 |
| Long-term | ||||
|---|---|---|---|---|
| leasehold | Fixtures and | |||
| property f |
fittings | Totalf | ||
| Cost or valuation | ||||
| At 1 April 2022 | 1,686,635 | 472,634 | 2,159,269 | |
| Additions | 4,006 | 87,658 | 91,664 | |
| Dieposals | (400) | (400) | ||
| At 31 March 2023 | 1,690,641 | 559,892 | 2,250,533 | |
| Depreciation | ||||
| At 1 April 2022 | 460,141 | 217„333 | 677,474 | |
| Charge for the year | 26,697 | 42,916 | 69,613 | |
| On disposals | (86) | (86) | ||
| At 31 March 2023 | 486,838 | 260,163 | 747,001 | |
| Net book value | ||||
| At 31 March 2023 | 1,203,803 | 299,729 | 1,503,532 | |
| At 31March 2022 | 1,226,494 | 255,301 | 1,481,795 | |
| 15. | Stocks | |||
| 2023f | 2022f | |||
| Bar and cafe stock | 4,006 | 491 |
| 16. | Debtors | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| 6 | 5 | ||||||
| Due within | one year | ||||||
| Trade debtors | 30,366 | 7,329 | |||||
| Other debtors | 11 | 97 | |||||
| Prepayments | and accrued income | 51,631 | 5,531 | ||||
| 82,008 | 12,957 | ||||||
| 17. | Creditors: | Amounts | falling due within one year | ||||
| 2023 6 |
2022f | ||||||
| Otherloans | 6,726 | 12,703 | |||||
| Trade creditors | 259,890 | 58,110 | |||||
| Other taxation | and social security | 10,367 | 2,534 | ||||
| Obligations | under finance lease and hire purchase | contracts | 6,726 | ||||
| Other creditors | 29,762 | 12,749 | |||||
| Accruals and | deferred | income | 136,834 | 238,437 | |||
| 443,579 | 331,259 | ||||||
| Hire purchase | creditors were secured on the assets | to which they relate. | |||||
| 18. | Creditors: | Amounts | falling due after more than | one year | |||
| 2023 | 2022 | ||||||
| 6 | |||||||
| Otherloans | 14,213 | 22,247 |
| Statement off |
unds | - current | year | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at 1 | Transfers | 31 March | |||||
| April 2022 6 |
Income f |
Expenditure f |
in/out 6 |
2023 6 |
|||
| Unrestricted funds |
|||||||
| Designated funds |
|||||||
| Refurbishment | 103,000 | (103,000) | |||||
| Property purchase | 500,000 | 500,000 | |||||
| 103,000 | 397,000 | 500,000 | |||||
| General funds | |||||||
| General funds | 1,034,489 | 1,309,596 | (1,017,633) | (397,000) | 929,452 | ||
| Total Unrestricted | funds | 1,137,489 | 1,309,596 | (1,017,633) | 1,429,452 | ||
| Restricted funds | |||||||
| Community Foundation |
2,500 | 2,500 | |||||
| Refurb 18-19 | 726,463 | (44,994) | 681,469 | ||||
| ACE Christmas | Production | 28,652 | 7,407 | (36,059) | |||
| Film Hub North | 13,000 | (13,000) | |||||
| 755,115 | 22,90? | (94,053) | 683„969 | ||||
| Total offunds | 1,892,604 | 1,332,503 | (1,111,686) | 2,113,421 |
| Statement of | funds | - prior year | ||||
|---|---|---|---|---|---|---|
| Ba/ance at | ||||||
| Balance at | 31March | |||||
| 1 April 2021f | income f |
Expenditure | 2022 f |
|||
| Unrestricted | funds | |||||
| Designated funds |
||||||
| Refurbishment | 103,000 | 103,000 | ||||
| General funds | ||||||
| General funds | 1,071,079 | 539,626 | (576,216) | 1,034,489 | ||
| Total Unrestricted | funds | 1,174,079 | 539,626 | (576,216) | 1,137,489 | |
| Restricted funds | ||||||
| Community Foundation |
999 | (999) | ||||
| Youth Theatre | 844 | (844) | ||||
| Catalyst | 5,774 | (5,774) | ||||
| Refurb 18-19 | 777,010 | 1,000 | (51,547) | T26,463 | ||
| ACE Christmas | Production | 37,034 | 48,872 | (57,254) | 28,652 | |
| Winter heating | costs, open door | T11 | (711) | |||
| 821,661 | 50,583 | (117,129) | 755,115 | |||
| Total offunds | 1,995,740 | 590,209 | (693,345) | 1,892,604 |
| Summary | offunds - prior year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | 31March | ||||
| 1 Apn'I 2021f | Income f |
Expenditure f |
2022 | ||
| Designated | funds | 103,000 | 103,000 | ||
| General funds | 1,071,079 | 539,626 | (576,216) | 1,034,489 | |
| Restricted | funds | 821,661 | 50,583 | (117,129) | 755,115 |
| 1,995,740 | 590,209 | (693,345) | 1,892,604 |
| Analysis | ofnet assets between funds - current | year | ||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2023 6 |
2023 6 |
2023f | ||
| Tangible | fixed assets | 681,469 | 822,063 | 1,503,532 |
| Current assets | 2,500 | 1,065,181 | 1,067,681 | |
| Creditors | due within one year | (443,579) | (443,579) | |
| Creditors | due in more than one year | (14,213) | (14,213) | |
| Total | 683,969 | 1,429,452 | 2,113,421 |
| Analysis ofnet assets between funds - prior ye | ar | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| Tangible fixed assets |
702,107 | 779,688 | 1,481,795 |
| Current assets | 53,008 | 711,307 | 764,315 |
| Creditors due within one year | (331,259) | (331,259) | |
| Creditors due in more than one year | (22,247) | (22,247) | |
| Total | 755,115 | 1,137,489 | 1,892,604 |
| 23. | Reconciliation ofn |
et | m | ovem | ent | in fun | ds t | o ne | t cash flow | from operating | activities | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||||
| 6 | ||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of Financial | |||||
| Activities) | 220,817 | (103,138) | ||||||||||
| Adjustments for: |
||||||||||||
| Depreciation charges |
69,613 | 71,730 | ||||||||||
| Dividends, interests |
and | rents | from | investments | (3,138) | (388) | ||||||
| Loss on the sale offixed | assets | 64 | ||||||||||
| Decrease/(increase) | in | stocks | (3,515) | 2,499 | ||||||||
| Increase in debtors |
(69,051) | (1,859/ | ||||||||||
| Increase in creditors |
125,023 | 33,324 | ||||||||||
| Net cash provided | by operating | activities | 339,813 | 2,392 | ||||||||
| 24. | Analysis ofcash and | cash equivalents | ||||||||||
| 2023f | 2022 | |||||||||||
| Cash in hand | 981,667 | 750,887 | ||||||||||
| Total cash and cash equivalents | 981,667 | 750,867 | ||||||||||
| 25. | Analysis ofchanges |
in | net | debt | ||||||||
| At 1 April | At 31 March | |||||||||||
| 2022 | Cash flows | 2023 | ||||||||||
| 6 | 6 | |||||||||||
| Cash at bank and in | hand | 750,867 | 230,800 | 981,667 | ||||||||
| Debt due within 1 year |
(12,703) | 5,977 | (6,726) | |||||||||
| Debt due after 1 year | (22,247) | 8,034 | (14,213) | |||||||||
| Financeleases | (6,726) | 6,726 | ||||||||||
| 709,191 | 251,537 | 960,728 |