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||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charitable|Company,|its Trustees and||
|Advisers||||||
|Trustees' Report|||||2-12|
|Independent|Auditors'
Report|on the Financial Statements|||13-16|
|Consolidated|Statement ofFinancial Activities||||17|
|Consolidated|Balance Sheet||||18-19|
|Charitable
Company
Balance||Sheet|||20- 21|
|Consolidated|Statement ofCash Flows||||22|
|Notes tothe|Financial Statements||||23-47|
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||||Restricted|Unrestricted|Total|Tote/|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2023
f|2023
f|2023|2022|
|Income from:|||||||
|Donations
and legacies|||155,523|307,473|462,996|572,216|
|Charitable
activities|||38,147|1,228,949|1,267,096|974,297|
|Other trading
activities||||744,279|744,279|506,725|
|Investments||||||491|
|Other income||||30,769|30,769|3,300|
|Total income|||193,670|2,311,470|2,505,140|2,057,029|
|Expenditure
on:|||||||
|Raising funds||9||149,092|149,092|82,9/4|
|Charitable
activities||10|266,490|2,119,590|2,386,080|1,769,792|
|Total expenditure|||266,490|2,268,682|2,535,172|1,852,705|
|Net (expenditure)/income|before||||||
|taxation|||(72,820)|42,788|(30,032)|204,323|
|Taxation||||233|233|(2,539)|
|Net movement
in funds|||(72,820)|43,021|(29,799)|201,784|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||199,457|700,538|899,995|698,211|
|Net movement
in funds|||(72,820)|43,021|(29,799)|201,784|
|Total funds carried forward|||126,637|743,559|870,196|899,995|
##
##
|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Note|||||
|Fixed assets|||||||||
|Tangible assets||||15||394,198||397,850|
|||||||394,198||397,850|
|Current assets|||||||||
|Stocks||||17|10,999||11,690||
|Debtors||||18|96,801||20,935||
|Cash at bank|and|in|hand||1,058,568||957,227||
||||||1,166,368||989,852||
|Creditors: amounts|||falling due within one||||||
|year||||19|(689,643)||(485,747)||
|Net current|assets|||||476,725||503,105|
|Total assets|less|current liabilities||||870,923||900,955|
|Provisions
for liabilities||||||(727)||(950)|
|Total net assets||||||870,196||899,995|
|Charityfunds|||||||||
|Restricted
funds||||21||126,637||I99,457|
|Unrestdicted|funds|||21||743,559||700,538|
|Total funds||||||870,196||899,995|
##
##
||||||Note||2023
6||2022f|
|---|---|---|---|---|---|---|---|---|---|
|Fixed assets||||||||||
|Tangible assets|||||15||391,289||394,011|
|Investments|||||16||100||100|
||||||||391,389||394,111|
|Current assets||||||||||
|Debtors|||||18|511,047||236,131||
|Cash at bank|and|in|hand|||603,374||729,215||
|||||||1,114,421||965,346||
|Creditors. amounts|||falling|due within one||||||
|year|||||19|(669,131)||(469,787)||
|Net current|assets||||||445,290||495,559|
|Total assets|less|current||liabilities|||836,679||889,670|
|Total net assets|||||||836,679||ee9,670|
|Charity funds||||||||||
|Restncted funds|||||21||126,637||199,457|
|Unrestricted|funds||||21||710,042||690,213|
|Total funds|||||||836,679||889,670|
##
|||FOR THE|YEAR ENDED 31 MARCH 202|3||
|---|---|---|---|---|---|
|||||2023|2022|
|||||6|6|
|Cash flows from operating||activities||||
|Net cash used
in operating|activities (note 24)|||155,411|500,291|
|Cash flows from investing||activities||||
|Purchase of tangible
fixed assets||||(54,070)|(139,412)|
|Net cash used in investing||activities||(54,070)|(139,412)|
|Cash flows from financing||activities||||
|Net cash provided
by financing
activities||||||
|Change
in cash and cash||equivalents
In|the year|101,341|360,879|
|Cash and cash equivalents||at the beginning|ofthe year|957,227|596,348|
|Cash and cash equivalents||at the end of|the year|1,058,568|957,227|
|The notes on pages 23to 47 form part ofthese financial statements||||||
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##
|||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2023|
|||||6|6|6|
|Grants|||||||
|South Tyneside||Council|||157,400|157,400|
|Arts Council|England||(NPO)||102,530|102,530|
|Biffa||||144,140||144,140|
|Other grants||||11,383|6,383|17,766|
|||||155,523|266,313|421,636|
|Donations|||||41,160|41,160|
|||||155,523|307,473|462,996|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2022|2022f|
|Grants|||||||
|South Tyneside||Council|||157,400|157,400|
|Arts Council|England||(NPO)||102,530|102,530|
|Arts Council|Cultural||Recovery Fund||125,000|125,000|
|COVID grants|||||47,570|47,570|
|Other grants|||||88,808|88,808|
||||||521,308|521,308|
|Donations|||||50,908|50,908|
||||||572,215|572,215|
##
##
##
##
|||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023
6|2023f|
||Theatre||||1,025,096|1,025,096|
||Cinema||||77,213|77,213|
||Learning|and Participation||38,147|126,640|164,787|
|||||38,147|1,228,949|1,267,096|
|||||Restricted|Unrestricted|Total|
|||||funds|funds|funds|
|||||2022|2022|2022|
|||||8|||
||Theatre||||780,061|780,061|
||Cinema||||58,642|58,642|
||Learning|and Participation||104,037|31,557|135,594|
|||||104,037|870,260|974,297|
|6.|Income|from other trading|activities||||
||Income|from non charitable|trading activities||||
||||||Unrestricted|Total|
||||||funds|funds|
||||||2023f|2023
6|
||Trading|income|||744,279|744,2?9|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2022f|2022f|
||Trading|income|||506,725|506,725|
##
##
||||Total|
|---|---|---|---|
||||funds|
||||2023|
||||9|
|||Unrestricted|Total|
|||funds|funds|
|||2022f|2022f|
|Investment|income|491|491|
|Other incoming resources||||
|||Unrestricted|Total|
|||funds|funds|
|||2023|2023|
|Sundry receipts||30,769|30,769|
|||Unrestricted|Total|
|||funds|funds|
|||2022f|2022f|
|Sundry receipts||3,300|3,300|
|8.
|Investment
income
Other incoming resources|
|---|---|
##
##
##
|Other trading expenses|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2023|2023|
||5|5|
|Trading expenses|149,092|149,092|
|Other trading expenses (continued)|||
||Unrestricted|Total|
||funds|funds|
||2022f|2022f|
|Trading expenses|82,914|82,9'l4|
|||Restricted|Unrestricted||
|---|---|---|---|---|
|||funds|funds|Total|
|||2023|2023|2023|
||||5|5|
|Theatre shows||188,«5|1,444,103|1,632,219|
|Cinema|||72,234|72,234|
|Leammg|and Participation|38,147|127,230|165,377|
|Marketing||40,227|92,972|133,199|
|CH Own|Shows||383,051|383,051|
|||285,490|2,119,590|2,386,080|
##
##
##
|Summary|by fund type (continued)||||
|---|---|---|---|---|
|||Restricted|Unrestricted||
|||funds|funds|Total|
|||2022|2022f|2022f|
|Theatre shows||13,046|1,034,213|1,047,259|
|Cinema|||57,485|57,485|
|Learning|and Participation|205,107|37,032|242,539|
|Marketing|||109,492|109,492|
|CH Own|Shows||313,417|313,417|
|||218,153|1,551,639|1,769,792|
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2023f|2023
K|2023
K|
|Theatre shows||514,410|1,117,809|1,632,219|
|Cinema||72,234||72,234|
|Learning|and Participation|165,377||185,377|
|Marketing||133,199||133,199|
|CH Own|Shows|383,051||383,051|
|||1,268,271|1,117,809|2,388,080|
##
##
##
##
##
|Analysis|ofexpenditure
by activities (cont|inued)|||
|---|---|---|---|---|
|||Activities|||
|||undertaken|Support|Tote/|
|||directly|costs|funds|
|||2022f|2022f|2022
6|
|Theatre shows||716,492|330,767|1,047,259|
|Cinema||57,485||57,485|
|Learning|and Participation|149,736|92,403|242,139|
|Marketing||109,492||109,492|
|CH Own|Shows|313,417||313,417|
|||1,346,622|423, 170|1,769,792|
##
||||Learning||
|---|---|---|---|---|
||||and||
||Theatre||Participatio||
||Shows|Cinema|n|Marketing|
||2023f|2023f|2023
6|2023
f|
|Staff costs|93,000||||
|Depreciation|56,123||||
|Direct costs|244,677|72,234|165,377|133,199|
|Buffa|120,610||||
||514,410|72,234|165,377|133,199|
||||CH Own|Total|
||||Shows|funds|
||||2023f|2023
6|
|Staff costs||||93,000|
|Depreciation||||56,123|
|Direct costs|||383,051|998,538|
|Biffa||||120,610|
||||383,051|1,268,271|
##
##
##
##
|Analysis ofdirect costs (contin|ued)||||
|---|---|---|---|---|
||Theatre||Learning and||
||Shows|Cinema|Participation|Marketing|
||2022f|2022
f|2022|2022f|
|Staff costs|469,287||||
|Depreciation|41,974||3,789||
|Direct costs|205,231|57,485|145,947|109,492|
||716,492|57,485|149,736|109,492|
||||CH Own|Total|
||||Shows|funds|
||||2022f|2022|
|Staff costs||||469,287|
|Depreciation||||45,763|
|Direct costs|||313,417|831,572|
||||313,417|1,346,622|
##
##
##
##
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023
6|2022f|
||Staff costs||||662,525|92,403|
||Depreciation||||1,599|2,527|
||Rent, rates and overheads||||24,539|19,192|
||Insurance||||28,868|29,055|
||Utiliti es||||69,624|43,693|
||Vehicles||||6,467|8,745|
||Postage, stationery
&printing||||7,249|5,242|
||Telephones||||478|3,753|
||Computer
costs||||85,646|63,132|
||Audit and accountancy fees||||8,400|28,175|
||Consultants|||||1,743|
||Subscriptions||||2,291|1,817|
||Repairs and|maintenance|||101,133|51,597|
||Finance charges||||44,711|33,836|
||Disallowable|VAT|||56,350|24,130|
||Bad debts written off|||||3,929|
||Training||||3&412|2,755|
||Sundry expenses||||9,588|3,959|
||Governance|costs|||4,929|3,485|
||||||1,117,809|423,170|
|12.|Auditors'
remuneration||||||
||||||2023|2022|
||||||6|5|
||Fees payable|to the Group's|auditor for the audit of the Group's|annual|||
||accounts||||16,500|16,050|
##
##
##
|Staff costs|||FOR|TH|E YEA|R|ENDED 31 MARCH 2|023|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Charitable|Charitable|
||||||||Group|Group|Company|Company|
||||||||2023
6|2022
f|2023
6|2022f|
|Wages and|salaries||||||705,461|517,290|612,461|382,459|
|Social security||costs|||||40,091|34,010|40,091|34,010|
|Contribution|to defined contribution||||pension||||||
|schemes|||||||9,973|10,390|9,973|10,390|
||||||||755,525|581,690|662,525|426,859|
|The average|number ofpersons|||employed||by|the Charitable
Company
during||the year was as follows:||
||||||||||Group|Group|
||||||||||2023|2022|
||||||||||No.|No.|
|Employees|||||||||56|39|
|The number||of employees|whose||employee||benefits
(excluding|employer|pension
costs) exceeded||
|860,000was:|||||||||||
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
##
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##
##
##
##
##
||Leasehold|||
|---|---|---|---|
||improvemen|Fixtures and||
||ts|fittings|Total|
||6|8|6|
|Cost or valuation||||
|At 1 April 2022|299,387|599,399|898,786|
|Additions||54,070|54,070|
|At 31 March 2023|299,387|653,469|952,856|
|Depreciation||||
|At 1 April 2022|63,920|437,016|500,936|
|Charge for the year|5,988|51,734|57,722|
|At 31 March 2023|69,908|488,750|558,658|
|Net book value||||
|At 31 March 2023|229,479|164,719|394,198|
|At 31March 2022|235,467|162,383|397,850|
|Charitable
Company||||
||Leasehold|||
||improvemen|Fixtures and||
||ts|fittings|Total|
|||8|8|
|Cost orvaluation||||
|At 1 April 2022|299,387|552,150|851,537|
|Additions||53,401|53,401|
|At 31 March 2023|299,387|605,551|904,938|
|Depreciation||||
|At 1 April 2022|63,920|393,606|457,526|
|Charge for the year|5,988|50,135|56,123|
|At 31 March 2023|69,908|443,741|513,649|
##
##
|||FOR THE YEAR EN|DED 31 MARCH 2023|||
|---|---|---|---|---|---|
|15.|Tangible fixed assets|(continued)||||
||Charitable
Company|(continued)||||
||||Leasehold|||
||||improvemen|Fixtures and||
||||ts|fittings|Total|
|||||6||
||Net book value|||||
||At 31 March 2023||229,479|161,810|391,289|
||At 31March 2022||235,467|156,544|394,011|
|16.|Fixed asset investments|||||
||||||Investments|
||||||in|
||||||subsidiary|
||||||companies|
||Charitable
Company|||||
||Cost orvaluation|||||
||At 1 April 2022||||100|
||Al 31 March 2023||||100|
||Net book value|||||
||At 31 March 2023||||100|
||At 31March 2022||||100|
##
##
##
##
|The following|was a sub|sidiary
und|ertaking
oft|he Charitable|Company:||||
|---|---|---|---|---|---|---|---|---|
|Name|||Company|Registered|office or|principal|Principal
activity||
||||number|place ofbusiness|||||
|The Customs|House Green||05812339|The Customs House,||Mill Dam,|The running|ofa cafe|
|Room Limited||||South Shields, Tyne &Wear,|||bar and the||
|||||NE33 1FS|||organisation|of events|
||||||||and conferences at||
||||||||The Customs|House|
|Class of|Holding|Included|in||||||
|shares||consolidation|||||||
|Ordinary|100'10 Yes||||||||
||The financial
results ofthe subsidiary
for t|he year were:||||
|---|---|---|---|---|---|
||Name|Incomef|Expendituref|Profit for
the yearf|Net assets|
||The Customs House Green Room|331,224|(308,032)|23,192|33,617|
||Limited|||||
|17.|Stocks|||||
|||||Group|Group|
|||||2023
E|2022f|
||Finished goods and goods for resale|||10,999|11,690|
##
##
##
|||||Charitable|Chantable|
|---|---|---|---|---|---|
|||Group|Group|Company|Company|
|||2023
5|2022|2023
5|2022f|
|Due within one year||||||
|Trade debtors||47,938|4,450|47,938|4,450|
|Amounts
owed by group undertakings||||414,246|177,195|
|Other debtors|||4,473||4,473|
|Prepayments|and accrued income|48,863|12,002|48,863|50,002|
|||96,801|20,935|511,047|235,131|
##
##
##
##
|||||||||Charitable|Charitable|
|---|---|---|---|---|---|---|---|---|---|
|||||||Group|Group|Company|Company|
|||||||2023f|2022|2023f|2022|
|Trade creditors||||||81,617|89,699|66,470|82,090|
|Other taxation and||social security||||20,361|13,281|20,361|10,676|
|Other creditors||||||28,856|42,158|28,856|40,719|
|Accruals|and deferred|||income||558,809|341,609|553,444|336,300|
|||||||689,643|486,747|669,131|469,787|
|||||||||Charitable|Charitable|
|||||||Group|Group|Company|Company|
|||||||2023f|2022f|2023|2022f|
|Deferred|income at||1|April 2022||267,066|160,761|267,066|160,761|
|Resources deferred|||during the year|||509,647|267,066|509,647|267,066|
|Amounts|released|from previous|||periods|(267,066)|(160,761)|(18,724)|(160,761)|
|||||||509,647|267,066|757,989|267,066|
##
|Group||||||
|---|---|---|---|---|---|
|||||2023f|2022f|
|At the beginning||ofthe|year|960|1,024|
|Accelerated|capital allowances|||(233)|(64)|
|||||727|960|
|The deferred|tax|liahiltty|is made up as follows:|||
|||||Group|Group|
|||||2023f|2022f|
|Accelerated|capital allowances|||(727)|(960)|
|||||(727)|(960)|
##
##
##
##
|Statement
offunds|- current year|||||
|---|---|---|---|---|---|
||||||Balance at|
|||Balance at 1|||31 March|
|||April 2022|Income|Expenditure|2023|
|||6|6|6|6|
|Unrestricted
funds||||||
|Designated
funds||||||
|Designated
funds||130,000|||130,000|
|General funds||||||
|General funds||570,538|2,311,470|(2,268,449)|613,559|
|Total Unrestricted|funds|700,538|2,311,470|(2,268,449)|743,559|
|Restricted funds||||||
|Leasehold
improvements||112,450||(56,123)|56,327|
|Other activities|||11,383|(11,383)||
|Garfield Weston||87,007||(40,227)|46,780|
|Learning
and Participation|||38,147|(38,147)||
|Biffa|||144,140|(120,610)|23,530|
|||199,457|193,670|(266,490)|126,637|
|Total offunds||899,995|2,505,140|(2,534,939)|870,196|
##
##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at||||31March|
|||1April 2021
f|Income
f|Expenditure|Taxation|2022
f|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Designated
funds||130,000||||130,000|
|General funds|||||||
|General funds||254,638|1,952,992|(1,634,553)|(2,539)|570,538|
|Total Unrestricted|funds|384,638|1,952,992|(1,634,553)|(2,539)|700,538|
|Restricted funds|||||||
|Leasehold
improvements||117,281||(4,831)||112,450|
|Other activities||88||(88)|||
|Gallery and gallery|outreach|8,127||(8,127)|||
|Garfield Weston||148,688||(61,681)||87,007|
|Learning
and Participation||39,389|104,037|(143,426)|||
|||313,573|104,037|(218,153)||199,457|
|Total offunds||698,211|2,057,029|(1,852,706)|(2,539)|899,995|
##
##
##
##
|Summary|offunds - current yea|r|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at 1|||31 INarch|
||||April 2022|Income
f|Expenditure
6|2023
6|
|Designated|funds||130,000|||130,000|
|General funds|||570,538|2311470|(2268 449)|613,559|
|Restricted|funds||199,457|193,670|(266,490)|126,637|
||||899,995|2,505,140|(2,534,939)|870,196|
|Summary|offunds - prior year||||||
|||||||Balance at|
|||Balance at|||Transfers|31March|
|||1April 2021f|Income
f|Expenditure
f|infouif|2022|
|Designated|funds|130,000||||130,000|
|General funds||254,638|1,952,992|(1,634,553)|(2,539)|570,538|
|Restricted|funds|313,573|104,037|(218,153)||199,457|
|||598,211|2,057,029|(1,852,705)|(2,539)|899,995|
##
|Analysis|ofnet assets|between funds
~current|year|||
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2023|2023|2023|
||||6|6|6|
|Tangible|fixed assets||206,948|187,250|394,198|
|Current assets||||1,166,368|1,166,368|
|Creditors|due within one year||(80,311)|(609,332)|(689,643)|
|Provisions|for liabilities|and charges||(727)|(727)|
|Total|||126,637|743,559|870,196|
##
##
##
##
|Analysis|ofnet assets|between funds -prior ye|ar|||
|---|---|---|---|---|---|
||||Restricted|Unres/ricted|Tata/|
||||funds|funds|funds|
||||2022
f|2022
f|2022f|
|Tangible fixed assets|||263,071|134,779|397,850|
|Current assets||||989,852|989,852|
|Creditors|due within one year||(63,614)|(423,133)|(486,747)|
|Provisions|for liabilities|and charges||(960)|(960)|
||||199,457|700,538|899,995|
|24.|Reconciliation
of net movement|Reconciliation
of net movement|Reconciliation
of net movement|in funds to|in funds to|net|cash flow|from|operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Group|Group|
|||||||||||2023f|2022|
||Net
income/expenditure
for
Activities)||the|year|(as|per|Statement|of|Financial|(29799)|201 784|
||Adjustments
for:|||||||||||
||Depreciation
charges|||||||||57,722|48,287|
||Taxation|||||||||(233)|2,539|
||Decrease/(increase)|in stocks||||||||691|(7,925)|
||Decrease/(increase)|in debtors||||||||(75,866)|143,108|
||Increase
in creditors|||||||||202,896|112,498|
||Net cash provided|by operating||activities||||||155,411|500,291|
|25.|Analysis ofcash and cash equivalents|||||||||||
|||||||||||Group|Group|
|||||||||||2023|2022f|
||Cash at bank and in|hand||||||||1,058,568|957,227|
||Total cash and cash equivalents|||||||||1,058,568|957,227|
##
##
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##
|||||||At|1 April||At 31 March|
|---|---|---|---|---|---|---|---|---|---|
||||||||2022
f|Cash flows
8|2023
f|
|Cash at bank||and|in hand|||957,227||101,341|1,058,568|
|||||||957,227||101,341|1,058,568|
|Capital commitments||||||||||
|||||||||Group|Group|
|||||||||2023f|2022f|
|Contracted|for but not provided||||in these financial statements|||||
|Acquisition|oftangible|||fixed assets|||||14,665|
##
||||||Charitable|Charitable|
|---|---|---|---|---|---|---|
||||Group|Group|Company|Company|
||||2023|2022
f|2023
f|2022
f|
|Not later than||1 year|3,400|3,400|3,400|3,400|
|Later than|1 year and not later than 5 years||1,700|5,100|1,700|5,100|
||||5,100|8,500|5,100|8,500|
##