CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Edge Productions On accounts for the year ènded 31 Dmber 2020 Charlty no (rfany} 1053094 Set out on pages 3to12 I report to the trustees on my examination of the accounts of the above charity (Ihe Trusf) for the year ended 3111212020. Responsibilities and basls of report As the charitys trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Acr). I report in respect of my examination of the Trusts accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicab Directs"ons given by the Charity Commission under section 145(5){b) of the A¢1. Independent I have completed my examination. I confimi that no material matters have examiner's statsment come to my attention in connection with the examination (other than that disclosed below") which gives me cause to believe that in, any material the accounting records *Ere not kept in accordance with section 130 of the Charrties Act: or the accounts dKI not accord with thè accounting records,. or the accounts did not comply with the applicable requirements conMIng the fOll and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirem8nt that the accounts give a ttrue and fairf view vthich is not a matter onsidered as part of an independent examination. I have no concerns and have come across no other matters in connecb.on with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . Hease delete the in the bt3ckets rfthey do not apply. Signed: Date: 11 Novemter 2021 Name: Ja¢ques Gholam Relevant profèssional qualificationls) or body (if any): nla. A¢¢ountant wtth over 20 years audtt experience and thirty fjve years running own practio. Address: 3 Bevan Hill Chesham Buckinghamshire HP5 2QS IER Oct 2018
Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (see CC32, Independent examination of charity accounts: directions and gutdance for examineTS). Glve here brlef details of any Items that the oxaminer wishes to disclose. IER Oct 2018
2020
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Edge Productions
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FULL YEAR ACCOUNTS 2020
REGISTERED CHARITY UK 1053094
Edge Productions
Registered Charity UK 1053094 Annual Accounts 1 January 2020 to 31 December 2020
Financial Summary
| Full Year 2020 | |||
|---|---|---|---|
| Edge Productions | Edge Venue | Group Total |
|
| Assets | |||
| Bank Account | 7,946.47 | 3,431.73 | 11,378.20 |
| Savings Account | 1,035.28 | 592.21 | 1,627.49 |
| Accounts Receivable | - | 1,490.00 |
1,490.00 |
| Total Assets | 8,981.75 | 5,513.94 | 14,495.69 |
| Liabilities | |||
| Accounts Payable | - | 200.00 | 200.00 |
| Total Liabilities | 200.00 | 200.00 |
|
| Profit and Loss | |||
| Gross Revenue1 | 4,413.86 | 30,129.21 | 34,543.07 |
| Cost of Sales | 1,066.84 | - | 1,066.84 |
| Operational Costs | 2,973.32 | 29,389.05 | 32,362.37 |
| Total Profit | 373.70 | 740.16 | 1,113.86 |
1 Includes £10,000 of BEIS Grant.
Treasurers Report
Revenues fell significantly this year due to the Covid-19 pandemic; Edge Productions were unable to stage any productions or fundraising events in the year and The Edge Venue was closed for a large proportion of the year seeing a reduction in rentals.
This was offset by the receipt of a grant from the BEIS in addition to a major cost reduction programme. We were able to support our regular hirers (predominantly The Montessori School) with rent reductions to provide support throughout the Covid-19 crisis.
The closure of the venue allowed us to compete the refurbishment of the venue for the advantage of the community with all of the public areas completed.
The cost reduction programme has a long-term benefit leaving the charity in a strong financial position for the future.
Craig Howard Treasurer Edge Productions.
Encl. Edge Productions Account Balances on 31 December 2020 Edge Productions Profit and Loss Full year 2020 Edge Venue Account Balances on 31 December 2020 Edge Venue Profit and Loss Full year 2020
Account Balances
001 - Edge Productions
Date Range: Jan 01, 2020 to Dec 31, 2020
| ACCOUNT | STARTING BALANCE |
DEBIT | CREDIT | NET MOVEMENT |
ENDING BALANCE |
|---|---|---|---|---|---|
| Assets | |||||
| CAF Cash Account | £7,573.61 | £4,411.46 | £4,038.60 | £372.86 | £7,946.47 |
| CAF Gold Account | £1,034.44 | £0.84 | £0.00 | £0.84 | £1,035.28 |
| Total Assets | £8,608.05 | £4,412.30 | £4,038.60 | £373.70 | £8,981.75 |
| Liabilities | |||||
|---|---|---|---|---|---|
| Total Liabilities | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Equity | |||||
| Total Equity | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Income | |||||
| Bar Sales | £0.00 | £109.00 | £109.00 | ||
| Drama Club Income | £0.00 | £564.02 | £564.02 | ||
| Event - Brush | £0.00 | £870.00 | £870.00 | ||
| Event - Brush 2 | £0.00 | £110.00 | £110.00 | ||
| Grants | £0.00 | £2,500.00 | £2,500.00 | ||
| Investments – Interest |
£0.00 | £0.84 | £0.84 | ||
| Membership Fees | £0.00 | £260.00 | £260.00 | ||
| Total Income | £0.00 | £4,413.86 | £4,413.86 |
Account Balances - 001 - Edge Productions Date Range: Jan 01, 2020 to Dec 31, 2020
Created on Jan 01, 2021
Page 1 / 2
| Expenses | |||
|---|---|---|---|
| Accounting Fees | £60.00 | £0.00 | £60.00 |
| Bar License | £180.00 | £0.00 | £180.00 |
| Bar Stock | £161.75 | £0.00 | £161.75 |
| Event - Brush Party | £600.00 | £0.00 | £600.00 |
| Event - Race Night | £117.99 | £0.00 | £117.99 |
| iZettle Fees | £1.56 | £0.00 | £1.56 |
| Office Supplies | £136.76 | £0.00 | £136.76 |
| Pantomime Costumes |
£35.90 | £0.00 | £35.90 |
| Pantomime License | £106.20 | £0.00 | £106.20 |
| Pantomime Scripts | £45.00 | £0.00 | £45.00 |
| Rent Expense | £2,595.00 | £0.00 | £2,595.00 |
| Total Expenses | £4,040.16 | £0.00 | £4,040.16 |
| Total for all accounts |
£8,452.46 | £8,452.46 |
Account Balances - 001 - Edge Productions Date Range: Jan 01, 2020 to Dec 31, 2020
Created on Jan 01, 2021
Page 2 / 2
Account Balances
002 - Edge Venue
Date Range: Jan 01, 2020 to Dec 31, 2020
| ACCOUNT | STARTING BALANCE |
DEBIT | CREDIT | NET MOVEMENT |
ENDING BALANCE |
|---|---|---|---|---|---|
| Assets | |||||
| 001 - Social Hall Cash |
£2,575.78 | £33,116.34 | £32,260.39 | £855.95 | £3,431.73 |
| 002 - Social Hall GOLD |
£591.75 | £0.46 | £0.00 | £0.46 | £592.21 |
| Accounts Receivable | £1,406.25 | £23,058.75 | £22,975.00 | £83.75 | £1,490.00 |
| Total Assets | £4,573.78 | £56,175.55 | £55,235.39 | £940.16 | £5,513.94 |
| Liabilities | |||||
| Accounts Payable | £0.00 | £4,950.00 | £5,150.00 | £200.00 | £200.00 |
| Total Liabilities | £0.00 | £4,950.00 | £5,150.00 | £200.00 | £200.00 |
| Equity | |||||
| Total Equity | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Income | |||||
| Grants | £2,500.00 | £10,000.00 | £7,500.00 | ||
| Investments – Interest |
£0.00 | £0.46 | £0.46 | ||
| Other Income | £500.00 | £570.00 | £70.00 | ||
| Rental Casual | £470.00 | £6,963.75 | £6,493.75 | ||
| Rental Contract | £0.00 | £16,065.00 | £16,065.00 | ||
| Total Income | £3,470.00 | £33,599.21 | £30,129.21 |
Account Balances - 002 - Edge Venue Date Range: Jan 01, 2020 to Dec 31, 2020
Created on Nov 11, 2021
Page 1 / 2
| Expenses | |||
|---|---|---|---|
| Accounting Fees | £260.00 | £0.00 | £260.00 |
| Building Repairs & Maintenance |
£12,067.94 | £0.00 | £12,067.94 |
| Cleaning Contract Services |
£3,900.00 | £0.00 | £3,900.00 |
| Cleaning Supplies | £801.52 | £364.42 | £437.10 |
| Insurance – Property | £3,246.03 | £0.00 | £3,246.03 |
| Operating Administration |
£1,585.20 | £0.00 | £1,585.20 |
| Utilities - Boiler Insurance |
£1,579.53 | £0.00 | £1,579.53 |
| Utilities - Electric | £2,975.19 | £0.00 | £2,975.19 |
| Utilities - Gas | £2,450.16 | £0.00 | £2,450.16 |
| Utilities - Waste | £570.06 | £0.00 | £570.06 |
| Utilities - Water | £504.76 | £186.92 | £317.84 |
| Total Expenses | £29,940.39 | £551.34 | £29,389.05 |
| Total for all accounts |
£94,535.94 | £94,535.94 |
Account Balances - 002 - Edge Venue Date Range: Jan 01, 2020 to Dec 31, 2020
Created on Nov 11, 2021
Page 2 / 2
Profit and Loss
001 - Edge Productions
Date Range: Jan 01, 2020 to Dec 31, 2020
| ACCOUNTS | Jan 01, 2020 to Dec 31, 2020 |
|---|---|
| Income | |
| Bar Sales | £109.00 |
| Drama Club Income | £564.02 |
| Event - Brush | £870.00 |
| Event - Brush 2 | £110.00 |
| Grants | £2,500.00 |
| Investments – Interest | £0.84 |
| Membership Fees | £260.00 |
| Total Income | £4,413.86 |
| Cost of Goods Sold | |
|---|---|
| Bar Stock | £161.75 |
| Event - Brush Party | £600.00 |
| Event - Race Night | £117.99 |
| Pantomime Costumes | £35.90 |
| Pantomime License | £106.20 |
| Pantomime Scripts | £45.00 |
| Total Cost of Goods Sold | £1,066.84 |
Profit and Loss - 001 - Edge Productions Date Range: Jan 01, 2020 to Dec 31, 2020
Created on Jan 01, 2021
Page 1 / 2
Gross Profit As a percentage of Total Income
£3,347.02 75.83%
| Operating Expenses | |
|---|---|
| Accounting Fees | £60.00 |
| Bar License | £180.00 |
| Office Supplies | £136.76 |
| Rent Expense | £2,595.00 |
| iZettle Fees | £1.56 |
| Total Operating Expenses | £2,973.32 |
| Net Profit | £373.70 |
| As a percentage of Total Income | 8.47% |
Profit and Loss - 001 - Edge Productions Date Range: Jan 01, 2020 to Dec 31, 2020
Created on Jan 01, 2021
Page 2 / 2
Profit and Loss
002 - Edge Venue
Date Range: Jan 01, 2020 to Dec 31, 2020
| ACCOUNTS | Jan 01, 2020 to Dec 31, 2020 |
|---|---|
| Income | |
| Grants | £7,500.00 |
| Investments – Interest | £0.46 |
| Other Income | £70.00 |
| Rental Casual | £6,493.75 |
| Rental Contract | £16,065.00 |
| Total Income | £30,129.21 |
| Total Cost of Goods Sold | £0.00 |
| Gross Profit | £30,129.21 |
| As a percentage of Total Income | 100.00% |
| Operating Expenses | |
| Accounting Fees | £260.00 |
| Building Repairs & Maintenance | £12,067.94 |
| Cleaning Contract Services | £3,900.00 |
| Cleaning Supplies | £437.10 |
| Insurance – Property | £3,246.03 |
| Operating Administration | £1,585.20 |
| Utilities - Boiler Insurance | £1,579.53 |
| Utilities - Electric | £2,975.19 |
Profit and Loss - 002 - Edge Venue Date Range: Jan 01, 2020 to Dec 31, 2020
Created on Nov 11, 2021 Page 1 / 2
Operating Expenses
| Utilities - Gas | £2,450.16 |
|---|---|
| Utilities - Waste | £570.06 |
| Utilities - Water | £317.84 |
| Total Operating Expenses | £29,389.05 |
| Net Profit | £740.16 |
| As a percentage of Total Income | 2.46% |
Profit and Loss - 002 - Edge Venue Date Range: Jan 01, 2020 to Dec 31, 2020
Created on Nov 11, 2021
Page 2 / 2