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2023-03-31-accounts


CONTENTS		PAGE
Trustees' annual report
Independent examiners'	report to the members
Statement offinancial activities
Balance sheet		10
Statement ofcashflows
Notes to the financial statements		12-18

									Total
				Notes	U		Restricted	Total Funds	Unrestricted Funds
						Funds	Funds	2023	2022
Income:
income from		charitable
acti vities:
Theatre operations						50,270	12,585	62,855	42,537
Investment	income					73		73	6
Total Income						59343	12,585	62928	42543
Expenditure
Expenditure		on	charitable
ectivrtr'esr
Cost oftheatre			operations	5		43,889	12,585	56,474	40,692
Total Expenditure						43338	12 585	56474	45,692
Net income	and		net
movement	in	funds for the
year						6,454		6,454	1,851
Reconciliation			offunds
Total funds	brought
forward						35,493		35,493	33,642
Transfers
Total funds forward		carried				41 947		41,647	~36 3

		2023	2022
	Notes	5	6
CURRENT ASSETS
Debtors		33,977	13,229
Cash at bank and in hand		22,024	48,761
Total Current Assets		58,001	61,990
LIABILITIES
Creditors falling due within one year	12	(14,054)	(26,497)
NET CURRENT ASSETS		41,947
TOTAL ASSETSLESSCURRENT LIABILITIES		41,947
THE FUNDS OF THE CHARITY
Restricted income funds
Unrestricted income funds		41,947	35,493
TOTAL CHARITY FUNDS	14	41,947	35,493

							2023	2022
						Notes	6	E
Cash flow used In operating		activities				16	(26,810)	24,468
Cash flows from investing		activities
Interest income							73
Cash provided by (used in)		investing	activities				73
Cash flows from financing		activities
Cash used In financing activities
(Decrease)/Increase in cash		and cash equivalents			in the year		(26,737)	24,474
Cash and cash equivalents	at the beginning			ofthe	year		48,761	24,287
Total cash and cash equivalents at the end ofthe year							22,024	48,761

Income from cha	ritable activities
	Restricted	Unrestricted	Total	Unrestricted
	Funds	funds	Funds	Funds
	2023	2023	2023	2022
Ticket sales	32,708		32,708	21,445
Sup port from
sponsors	11,446	12,500	23,946	20,592
Donations	6 116		6201	500
	50 270	12585	62 855	42 537

Incom	e from	Inves	tment	activities
					Unrestricted	Unrestricted
					Funds	Funds
					2023	2022
Interest	income	from	deposit	account	73
					73

Analysis	ofexpenditure o	n charitable activ	ities
		Children' s	Support of
		programme	new and	Total	Total
			devetoplng	2023	2022
			talent
			F
Production	costs	38,498	13,159	51,657	32,937
Venue hire	costs		120	120
Governance	costs (see
note 7)		633		633	634
Support costs (see note 7)		4 064		4,064	7121
		43195	13279	56474	40692

directly to suppor	t those activities.
		Support of
	Children's programme	new and developing talent	Total 2023	Total 2022
Costs	(43,195)	(13,279)	(56,474)	(40,692)
Ticket income	32 528	160	32 708	21 445
	(10,667)	(13,099)	(23,766)	(19,247)
Direct grant and
sponsorship
support	11,946	12,000	23,946	21,092
Donations	6,051	150	6,201
Investment
income	73		73
I3iet (cost)l income to reserves	7403	~949	6464	1851

I3iet (cost)l income to reserves	I3iet (cost)l income to reserves	7403 ~	94	9		6464		1851
Analysis ofgovernance		and support	costs
The charity initially	identifies the costs of its support functions. Itthen identifies those costs
which relate to the	governance function.		Having	identified		its governance	costs, the
remaining support two key charitable	costs together with the governance activities undertaken (see note 6) in				costs are apportioned between the the year. Refer to the table below
for the basis for apportionment and the			analysis	ofsupport		and governance		costs.
At 31 March 2023		General support	Governance function			Total	Bash of apportionment
		F
Freelance costs		3,400				3,400		Operational
ITExpenses								Operational
Independent
examiner fees				620		620		Governance
Legal and other
professional fees				13		13		Governance
Total		4064		633		4 697

lysts ofgovernance a	nd support cos	ts (continued)
At 31 March 2022	General support	Governance function	Total	Basis of apportionment
Freelance costs	5,262		5,262	Operational
IT Expenses	1,859		1,859	Operational
Independent
examiner fees		621	621	Governance
Legal and other
professional fess		13	13	Governance
Total	7 121	664	7121

ditors: amounts falling due within one year
	2023	2022
Trade creditors	2,950	7,358
Other creditors and accruals	900	1,302
Deferred income (see note 13below)	10,204	17,837
	14,054	26,497

				2023	2022
				B	8
Balance	as at 1 April 2022			17,837	20,857
Amount activities	released	to income earned	from charitable	(15,392)	(20,591)
Amount	deferred	in year		7,759	17,571
Balance	as at 31	March 2023		10,204	17,837

Analysi	s ofmove	ments In unrestr	icted funds
		Balance 1 April	Incoming Iesour'css	Resources expended	Transfers	Funds 31 March
		2022				2023
General	fund	35493	50343	43889		41 941

Analysis	ofmove	ments In restrict	ed funds
		Balance 1 April	Incoming Iesour'ces	Resources expended	Transfers	Funds 31 March
		2022				2023
Restricted	fund		12,585	12,585

in unrestr	icted funds	—prior year
Balance	Incoming	Resources		Funds
1 April	resources	expended	Transfers	31 March
2021				2022
33642	42 543	40692		35493

		2023	2022
		General	General
		Fund	Fund
Cash at bank and	in hand	22,024	48,761
Other net current (liabilities)/assets		19923	~73268
		41 947	35493

		2023	2022
Net movement in funds		6,454	1,851
Deduct interest income
shown in investing
actlvltles		(73)	(6)
(Increase)/Decrease	in
debtors		(20,748)	18,686
(Decrease)/Increase	in
creditors		(12,443)	3,937
Net cash used In operating activities		~26816	24486