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 lor the year ended 31 December 2023 Charity no (if any) 1053094 Set out on pages 3to12 I report to the trustees on my examination of the accounts of the abov8 charity ("the Trust.) for the year ended Responslbilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ") in connection wrth the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance WFth section 130 of the Act or the accounts do not accord with the accounting records Independent 8xaminer's ststsm8nt I have no concerns and have come across no oth8r matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Dats: 5 March 2024 Name: Jacques Gholam Ralevant professional qualification(s) or body (if any): nla. Accountant with over 20 years audit experience and thirty five years running own practice. Address: 3 Bevan Hill Chesham Buckinghamshire HP5 2QS IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Glve here brief details of any Items that th8 examiner wishes to disclose. IER October 2018
2023
FULL YEAR ACCOUNTS 2023
REGISTERED CHARITY UK 1053094
Edge Productions
Registered Charity UK 1053094 Annual Accounts 1 January 2023 to 31 December 2023
Financial Summary
| Full Year 2023 | |||
|---|---|---|---|
| Edge Productions | Edge Venue | Group Total | |
| Assets | |||
| Bank Account | 9,506.07 | 7,953.38 | 17,459.45 |
| Savings Account | 16,176.22 | 23,244.03 | 39,420.25 |
| Cash In Hand | 200.00 | - | - 200.00 |
| Accounts Receivable | 889.90 | 889.90 | |
| Total Assets | 26,772.19 | 31,197.41 | 57,969.60 |
| Liabilities | |||
| Accounts Payable | - | - 400.00 |
400.00 |
| Customer Deposits | - | - 826.00 |
826.00 |
| Total Liabilities | - | - 1,226.00 |
1,226.00 |
| Profit and Loss | |||
| Gross Revenue | 16,304.35 | 32,721.27 | 49,025.62 |
| Cost of Sales | 4,809.51 | - | - 4,809.51 |
| Operational Costs | 782.82 | 23,720.20 | 24,503.02 |
| Total Profit | 10,712.02 | 9,001.07 | 19,713.09 |
Treasurers Report
The Edge Venue maintained strong rental revenues in line with previous years, running costs are still higher which is eroding margin, however, still maintains a good cash position.
Edge Productions had a very strong growth year, membership has grown, and we staged two shows, a summer cabaret, and our traditional pantomime in December, audiences are growing from the local community, and we were able to add extra performance dates to meet demand. The events are also well supported by other local charities and youth organisations.
The overall cash position is good, and this will allow us to reinvest in the venue facilities in the coming months to further improve the offering to the local community.
Craig Howard Treasurer Edge Productions.
Encl. Edge Productions Balance Sheet on 31 December 2023 Edge Productions Profit and Loss Full year 2023 Edge Venue Balance Sheet on 31 December 2023 Edge Venue Profit and Loss Full year 2023
Balance Sheet
Edge Productions
As of Dec 31, 2023
| ACCOUNTS | Dec 31, 2023 |
|---|---|
| Assets | |
| Cash and Bank | |
| CAF Cash Account | £9,506.07 |
| CAF Gold Account | £16,176.22 |
| Cash on Hand | £200.00 |
| Total Cash and Bank | £25,882.29 |
| Other Current Assets | |
| Accounts Receivable | £889.90 |
| Total Other Current Assets | £889.90 |
| Long-term Assets | |
| Total Long-term Assets | £0.00 |
| Total Assets | £26,772.19 |
| Liabilities | |
| Current Liabilities | |
| Total Current Liabilities | £0.00 |
| Long-term Liabilities | |
| Total Long-term Liabilities | £0.00 |
| Total Liabilities | £0.00 |
Balance Sheet - Edge Productions As of Dec 31, 2023
Created on Feb 28, 2024
Page 1 / 2
| Equity | |
|---|---|
| Retained Earnings | |
| Profit for all prior years | £16,060.17 |
| Profit between Jan 1, 2023 and Dec 31, 2023 | £10,712.02 |
| Total Retained Earnings | £26,772.19 |
| Total Equity | £26,772.19 |
Balance Sheet - Edge Productions As of Dec 31, 2023
Created on Feb 28, 2024
Page 2 / 2
Profit and Loss
Edge Productions
Date Range: Jan 01, 2023 to Dec 31, 2023
| ACCOUNTS | Jan 01, 2023 to Dec 31, 2023 |
|---|---|
| Income | |
| Bar Sales | £5,718.88 |
| Event - Quiz | £235.43 |
| Investments – Interest | £268.51 |
| Membership Fees | £325.00 |
| Pantomime Merchandise Sales | £52.50 |
| Pantomime Raffle Sales | £275.00 |
| Pantomime Show Fee | £600.00 |
| Pantomime Ticket Sales | £5,996.85 |
| Sales | £80.00 |
| Summer Show - Show Fee | £360.00 |
| Summer Show Ticket Sales | £2,392.18 |
| Total Income | £16,304.35 |
| Cost of Goods Sold | |
|---|---|
| Bar Stock | £2,718.84 |
| Pantomime Costumes | £34.85 |
| Pantomime License | £300.00 |
| Pantomime Scripts | £45.00 |
| Pantomime Set Costs | £89.14 |
| Pantomime Sound | £850.00 |
| Summer Show - Costumes | £7.00 |
Profit and Loss - Edge Productions Date Range: Jan 01, 2023 to Dec 31, 2023
Created on Feb 28, 2024 Page 1 / 2
Cost of Goods Sold
| Summer Show - Marketing | £97.00 |
|---|---|
| Summer Show - Props | £127.88 |
| Summer Show - Sound | £539.80 |
| Total Cost of Goods Sold | £4,809.51 |
| Gross Profit | £11,494.84 |
| As a percentage of Total Income | 70.50% |
| Operating Expenses | |
| Bank Charges | £60.00 |
| Operating Expense - Computer | £91.73 |
| Operating Expenses | £631.09 |
| Total Operating Expenses | £782.82 |
| Net Profit | £10,712.02 |
| As a percentage of Total Income | 65.70% |
Profit and Loss - Edge Productions Date Range: Jan 01, 2023 to Dec 31, 2023
Created on Feb 28, 2024
Page 2 / 2
Balance Sheet
Edge Venue
As of Dec 31, 2023
| ACCOUNTS | Dec 31, 2023 |
|---|---|
| Assets | |
| Cash and Bank | |
| 001 - Edge Venue Current | £7,953.38 |
| 002 - Edge Venue Gold | £23,244.03 |
| Total Cash and Bank | £31,197.41 |
| Other Current Assets | |
| Total Other Current Assets | £0.00 |
| Long-term Assets | |
| Total Long-term Assets | £0.00 |
| Total Assets | £31,197.41 |
| Liabilities | |
| Current Liabilities | |
| Accounts Payable | £400.00 |
| Customer Deposits | £826.00 |
| Total Current Liabilities | £1,226.00 |
| Long-term Liabilities | |
| Total Long-term Liabilities | £0.00 |
| Total Liabilities | £1,226.00 |
Balance Sheet - Edge Venue As of Dec 31, 2023
Created on Feb 28, 2024
Page 1 / 2
| Equity | |
|---|---|
| Retained Earnings | |
| Profit for all prior years | £20,970.34 |
| Profit between Jan 1, 2023 and Dec 31, 2023 | £9,001.07 |
| Total Retained Earnings | £29,971.41 |
| Total Equity | £29,971.41 |
Balance Sheet - Edge Venue As of Dec 31, 2023
Created on Feb 28, 2024
Page 2 / 2
Profit and Loss
Edge Venue
Date Range: Jan 01, 2023 to Dec 31, 2023
| ACCOUNTS | Jan 01, 2023 to Dec 31, 2023 |
|---|---|
| Income | |
| Investments – Interest | £361.76 |
| Other Income | £394.00 |
| Rental Casual | £13,605.51 |
| Rental Contract | £18,360.00 |
| Total Income | £32,721.27 |
| Total Cost of Goods Sold | £0.00 |
| Gross Profit | £32,721.27 |
| As a percentage of Total Income | 100.00% |
| Operating Expenses | |
| Accounting Fees | £200.00 |
| Bank Charges | £60.00 |
| Building Repairs & Maintenance | £5,537.47 |
| Cleaning Contract Services | £4,500.00 |
| Cleaning Supplies | £27.96 |
| Insurance | £3,712.95 |
| Operating Expense - Computer Costs | £179.70 |
| Operating Expense - Licenses | £339.00 |
| Operating Expense - Telephone | £600.00 |
Profit and Loss - Edge Venue Date Range: Jan 01, 2023 to Dec 31, 2023
Created on Feb 28, 2024 Page 1 / 2
Operating Expenses
| Utilities - Electric | £3,435.70 |
|---|---|
| Utilities - Gas | £3,003.84 |
| Utilities - Rates | £132.32 |
| Utilities - Waste | £737.16 |
| Utilities - Water | £1,254.10 |
| Total Operating Expenses | £23,720.20 |
| Net Profit | £9,001.07 |
| As a percentage of Total Income | 27.51% |
Profit and Loss - Edge Venue Date Range: Jan 01, 2023 to Dec 31, 2023
Created on Feb 28, 2024
Page 2 / 2