THE DOUGLJS CENTrE TRUST REPORT AND AccourS FOR THE YEAR ENDED 31 DECEMBER 2022 Charty RegistratKJn Number 1047038 Company Registr*ion Number 3057887
tknugl4s CeDtre Trust Trvstees, Rert for the year ellded 3111212022 The Trnstees present their report alld accounts for the year ended 31112r2022 Objects of tb¢ Doygl¥s Centre Trust: The Douglas CentsE Tn was established by a charitsble trust Iked on June 8th Iws. The obje¢lives of the I'nLSt are: To promote the ideals of lifelong learning in the arts and maximis¢ the potentiat of the arts to further personal and yxial development To ensure equality of opportunity alid acc5 to thc facilities To refleth in its programm¢ and activities the rich diversity which is manifest in the communtty at large To endeavour to give acces5 to the very IKst coniemtA)rarv artistic practice. Trustees are requird to Wicipate in an inthjction and training programme at the start of therr term. Emplo>ees: The Douglas Centre Tnst has no employees Review of A¢tivities: The a¢tiviti¢s of the Trust are doscribed In full in the Chairn18n s report. Trustefs: The Tn]stees who served at 3 I1IY2022 w¢r¢: Jeremy John Thorn Barbarn Jane Thom lan Robert Dtvies Phillip John Cooper Joan Matilda Scriven Andrew James Keane Registered office- The Cornerhouse, 116. Douglas Road. SuTbiton. Surrey KT6 7SB Working name - The CornerhotK5e Charity number 1047038 Company number- 3057887 Reporting a¢¢ountants- Sloane Winckle&s and Co Chartered Accountants 24, Stoneleigh Park Road Epsotn Surrey KT19 (K2T
F THE FtNth'CIAL POSITION Asset Cover for FuThds The Trust's assets are held as short-trrm bank dcp05sts. These are sufficient to rneet the In1.5 immediate obligations. Reserves and Risk Man emeni The Trust reviews its reseJy¢5 and risk wlicies routinely as part of its mana8emcnt of the Chariry's operations. The Tn]st identifie5 th¢ biggest risk io its aetivities as the withdrawal of the virMally free premises. To address this, it continues to negoiiate the agreement wtth th¢ Parorhiai CoLuJciI which Sets out the non-¢ommercial ature of the provision of the premises. The other signEfJcant risk is an itaterruptioD to daV-t(aY activilies which would impact on in¢05ne whilst requiring oTrntinued mteting ofoutgoings. The Trust wnsid¢J5 that it d5 to be able to meet these QUIOig$ for a period of at least six moDths to enable it to manage such crisis. The experience of ihe pandemi¢ teinforced ourvscw this was a Msible cours¢. It therefore will ¢onlinue to re5¢rv¢ £12,000 to mect b&sic cost comTnitrnents for six months. TRUSTEES, RF.SPON'SJBIL RELA TION TO THE AN TATEMEN.TS. The Charity trnstees {who are also ihe direcTS ofthe coT&pally for the pur$¢5 of company law) are sponsible for Prering a tTUStces' annual i¢p)rt and financial stements in a¢cordaD¢e with applicable law a[ United Kingdom A¢tiftE Standards (United Kingdom G¢n¢ralty Acceptcd Acwunting PrtIce). Company law requires the charity trUee5 10 prepare financial strtements for each year which give a tN¢ and fair view of the ste of affairs of the charitable companv and the gJDup and of thc incoming rcsources and application of resources. including the it)come and expenditsrc. of the charithble group for that peTi(yJ. In preparing the finatkcial sts*ments. the tntstees are required to:. Select suitsble a¢¢ountin8 rxjlicies and theD apply them Consistently. ObserY¢ the methods and principles in the Chariues SORP. Make judgements and estimates that are rosonable and prudert State whether applicable LK a¢counting 5tsndardg have been followed. subjed any material d¢partti1 disclosed and explained in the financial staiemen Prepare thE finaneiai staiemcnts on the going ron¢ern basis unle$5 It is inappropriatr 10 preswne that the charity will ¢ontiLhue in busitiess. The trustees are reyTrnsible for keq)ing pper a¢¢(PtIng r¢wrds that disclose with reasonable accuracy at aiiy time the fjnancial tK)sition of the charily aDd to enable them to ensure that the financial stsiem¢nts comply wtth the Cotnpanies Ad 2006. They are also resnSible for saf¢guwdinB the assets of the charity ar)d the group and hence taking reasonable si¢ps for the prevention aE)d dete¢iion of fraud and other irregulaTitir5. SMALL COMPANY PROVISIO This report has b¢¢n prepared in accordance with the specia] provisioth$ ]ing to companie5 subject io the sThall companies regime within Part 15 of the Companies Act 20(. Approved by the Trusiees 011 Signed on rls behf by JJThom
Douglas Centre Trust Choirfs RekN)rt for 2022 2022 was the year when we finally began to return to some Sort of nomalty as most of the COVID- related restrictions receded. Income from gUlar hire and audience numbers both returned to something like 2019 levels. Rising energy costs as a result of war in Ukraine. however, posed a major new threat to our solvency. We took stepsto control costs, postponing high cost projectsand investing in new technology. for instance in controlling heatin8 from off site. Volunteers contributed hvgely to this process. introducing improved access to the gantry. canE out PAT testin& and setting up the HIVE system. We saw improvements in our reSee finances. but held back from most large project expenditure because of the uncertain srtuation. We started the yearwith a highly successfiJl panto, albeit with duced audience numbers (to maintain social distancing). Later in the year the One Acts festival invoe(l local actors, directors and Wflters. We continued to develop the visual arts and an expandin8 range of varied activities, bringing children to the centre for the-Rewilding da. for instance. and working wtth Regency Books on the Surbiton Lf(erary Festival. Blatk History month was celebrated in poetry and song. A wide range of visrting companies came to us. including youth theatre groups and innovative touring shows. Comedy was well represented by Whole Lotta Comedy and Outside the Box. Folk at the cornerHOUSE, starting in 2022, became a regular and popular feature. At the heart of our work is our association with local schools and colle8es and charttable and communily groups. This dtversty was also represented by our Film club and Singalon& both involving a wide range of age groups. As always, we are indebted to our heroic band of volunteers, to our generous landlords. St Matthews Church and to our inspectors of accounts. Sloane Winckless. Jeremy Thorn April. 2023.
THE CENTRE TRUST COMPANY LIMITED BY GUARANTEE INDLPEYDENT EXAfvtINER'S REPORT FOR THE YEAR ENDED 31- DECEMBER 2022 We report to the charity trustees OD our examination of the accounts of the charitsbl¢ mPanY for the year endttd 31" Decemlkr 2022. RESPONSIBILITIES AND BASIS OF REPORT As the cliariiy's tn]stees of the compan>, (and also its directors for thc purtM)ses of company law) you are responsible for the preparation of the a¢¢ounts in a¢¢ordon¢e with the requirements of the Companies Act 2006 ('the 2006 Act). Having satisfied ourselves that the accounts of the compan}. are not required to be audited under Part 16 of the 2006 Act and are el j(Fible for independent enIna[10n, we rq)ort in respect of our examinatioii of your charity's accounts as Caled out under section 145 of the Charittes Act 2011 {'the 201 l Acl,). In carrying out our examination, we have followed the directions given by the Charity Cotnmission under section 145{5)(b) of the 2011 Act. tNDEPENDENf EXAMtNER'S STATEMENT We have completed our exatnination. Ih'e Conf1 that llo matters have come to our attention in connection with the examinalion giving us cause to believe:_ accounting records were not kept in r¢sprft olthe company as required by section 386 of the 2006 ACL or the accounts do not accord wlth those records: or the accounts do not comply iviih the accounting requirements of section 396 of the 2(M)6 Act other than any rUire1nent that the accounts give a true and fair view which is Jlot a matter considered as part of a independent eiamination. or the accounts hai'e not been PTepared in accordance with the methods and principles of ihe Statement of Recommended Practice for accounting and reporting by charities (applicable to ¢hariti¢s pr¢paring their accounts in accordamce with rhe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). We have no concerns and have come across no other matters in connection with the examinatioii to which attention should b¢ drawn in this report in order to enable a PrOr understandillg of the accounts to be r¢ach¢d. 2-4 Stoneleigh Park Road Epsoin Surrey KT19 OQT SLOANE WINCKLESS & CO Ch8rter¢d A¢¢ountant8
THE DOUGLAS CENTRE TRUST THE CORNERHOUSE Consolidated Statement of Financial Activities For the Year ended 31 December 2022 Unrestricted Restricted Total 2022 Total 2021 Funds Funds OMING RESOURCES Box Office Hi Donal*)ns & Fund Ratsing Bank Inleresi Bar Takings Miscellaneous IncCne Grants 16.474 15,913 223 193 24.663 25 16,474 15.913 223 193 24.663 25 3.925 9,113 712 8.590 20 Total Incoming Resources 67.491 57A91 22,368 Cost of Goods Sokl - Bar Supplies (10,958) {10.958} 14.328) Not Incomlng Resourc¢s 46.533 46.533 18.043 RESOURCES EXPEND utilEtS Cleaning Maintenance & Sundrie5 Electrical Work New Equipment Production Props & Costs Insurance Licence8 Photocopier Volunteer Expenses IT & Websrte Office and Accounts Supplies PUblty Panto Costs One Acts Box Office Split Props and Productton Costs Charcomm, Comp Hcse & Audrt 7.914 1.151 598 947 1.396 801 3,810 563 75 1,700 1.328 102 7.914 1.151 3,S92 1,417 7,321 2,030 391 600 3,704 1,682 39 504 1,389 21 947 1.396 801 3.810 563 75 1.700 1.328 102 630 136 630 87 50 13 13 Total Rgsources Expended 21.301 21,301 22,704 Net Income 25.232 25,232 14.862) Net Movement in Funds 25,232 25.232 14,662) Fund Balances brought forwrdrd from 2021 73.$40 12.(M)O 85,540 90.201 Fund Balances carried forward 2022 98.772 12.000 110,T12 85,540
THE DOUGLAS CENTRE TRUST THE CORNERHOUSE BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 FIXED ASSETS. CURRENT ASSETS. Stocks Debtors Cash at Bank and in Hand 1.051 6C 122,525 557 256 92,045 TOTAL CURRENT ASSETS 124,182 92.858 Current Li8blrties 17,7641 {1,6721 NET CURRENT ASSETS 116.418 91,186 other knabilrties British Gas Refund Held in Reserve Creditors amounts falling due wrthin one year 12.2461 {3.4¢JOI 12,2461 13,4001 NET ASSETS 110,772 85.540 Restricted Funds Unrestricled Funds 12.000 98,772 12,0 73,540 TOTAL FUNDS 110.772 85.$40 The trLtslees are satisfied that the cc*mpany is entitknl to exemption LTrnder section 47711} of the Companies Acl 20 and that no member or members have wuested an a¢ pursuant lo section 476 of the Act. The Iiustees acknowledge their responstiilities for comptying vthh the Tequiremenls of the C¢Nnpanies Act 20(K wilh respact to accounting records and forthe preparation of accounts. The cL¥npanVs annual accounts have been prepared in xcordance wth speual prowsions relating to companies subject to the small crAnpanies regime rythIn Part 15 ofthe Cpan Act 20LK. Approved by the Board on and Signed on rts behalf by JJ Thom l Dir Ctynpany Number 3057887
THE DOUGLAS CE NOTES TO THE FfNANCIAL STA MENTS F ST R THE YEAR ENDED 31 DECEMBER 202• ACLOUNTING POLICIES Accountin ConY¢lltion Th¢ finaD¢i#l statements are prepared under the historical cost coavention ID accordan¢¢ with FRS 102 Section IA. the Stsiement ot"R¢¢ommend¢d Pracuce"Accowiting and ReEK)rting by Charitics- 15sd in March 2015 (SORP 2015), The Compauies Act 20IJS. The company is limitejj by gLW8nte¢ and ¢onsequ¢ntly d(w Dot have share capital. The principal accounting policies adopted in the preparation of the financial statements are as follows:_ INCOMtNG RESOURCES Income from events and cenire btres are included in incotDing resources in the [r0d in which the relevant evettt t3k¢s place. tncome from donations and grdnts is included ID incoming resource& when th¢s¢ arc ¢¢ii'abl¢ excepi where the dot)or specifies that the grant must be used in tUre accounting pcriods. Jn such cases, thc iDcome is def¢tTed UDtiI ihe rel4Dl peri. Interest is tncluded when rtteivable by the charity. RESOURCES EXPENDED Resources CAed arc included in thc ststerne of Financial Athivities on an accn$ basis. Certain exndItUre is directly attributable to specific aciivities and has been Incl in those categori¢s. Certain other costs. which art attribul&bl¢ to more than on¢ activity. are apportion1 acmss cost categories on th¢ basis of an estimate of the proportion that ¢4n t¢Lsonthly k costed to t category.