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2023-03-31-accounts

Pngc
Report ofthe Trustees 1 to 7
Report ofthc independent Auditers 0to 10
Consolidetml
Statcmcnt		 ofFinancial Activhies
Consolidated
Balance Sheet		 12
Charity Balance Sheet 13
Statement ofCashllows and Consolidated Cashllotes 14
Notes to the Financial Statements 15to 20

Ilnrestricted Fends Rest 'cted Funds Total Panda Total Panda
As As As
restated restated restated
Note 31/Ie/23 31/03/22 31/03/23 3I/03/22 31/03/23 31/03/22
f. 8 8
Income fram:
Damstions
sud Icgames		 I51,429 280,707 134,246 432,275 285,675 712,982
Charitable
activiues		 594,292 334,819 188,452 782,744 334,819
Other trading activities 244,563 173,818 244 563 173818
Invcsancnts 319 39 319 39
Other income 60,352 66.453 60352 66,453
Total incoming resources 1 050955 855
6		 322 698 432 75 1 7 653 I 28Sill
Expenditure
an:
Raising
I'unde		 6 (222.560) (186,919) (222,560) (186,919)
Charitable
scttvities:		 7
Theatre
sud Ciumua		 (784,630) (262,961) (44,117) (254,549) (828,747) (517,510)
Education
aud Youth		 316.951 264,990 248 8IS 80,984 565,766 345 974
Tonal expenditure 1 24141 14870 292932 335533 I617073 I 050403
Net income/(expenditure) (273,186) 140,966 29,766 96,742 (243,420) 237s70g
Ttmsfers between
funds		 17 279,109 130,082 (279,109) (130,082)
Net movesneat
in foads		 5,923 271,048 (249~3) (33440) (243,420) 237,708
Reeonelliatlon
offunds
Tola\ funds brought
forward 550403 279355 673912 707252 I 224 315 986607
Total funds carried forward 55
326		 550403 424569 673912 9
895		 1224 15

Unrestricted Funds Restricted Funds Total Funds
31/03/23 31/03/22 31/03/23 31/03/22 31/03/23 31/03/22
As As As
Nate restated restated restated
5 8
FIXEDASSETS
Tangible assets 587 I73 327 680 587 173 327 680
Total Fired Assets 13 5$7,173 327&6$0 587,173 327,680
CURRENT ASSETS
Stock 19 5&I12 4&325 5,ll2 4,325
Debtom
Cash and cash equivalents		 14 230,053 420,459 200,774
2272IS		 459,473
22l 022		 430,827
879,932
227218221022
Total Current
Assets		 235&165 424&784 427&992 680495 663&157 1&105&279
LIABILITIES
Creditors falling due within one
year 15 266,012 202 061 3423 6 583 269,435 208,644
Net current assets/(liabilities) (30,847) 222,723 424,569 673&912 393,722 896,635
Total net assets/(liabilities) 556 326 550 403 424 569 673 912 9$0 895 I 224,315
FUNDS
Restricted funds 17 424,$69 673,912 424,569 673,912
Vnrestricted
funds		 17 556 326 550403 556 26 550403
TOTALI&'UNDS 556 326 550 03 424 569 673912 980$95 I 224 315

Unrestricted Fuuds Restricted Funds Total Funds Total Funds
31/03/23 31/03/22 31/03/23 31/03/22 31/03/23 3I/03/22
As As As
Note restated restated restated
g g g f
FIXED ASSETS
Tangible assets 575 180 316514 575 180 316514
Total Fired Assets 13 575,180 316414 575,1&0 316,514
CURRENT ASSETS
Debtors 14 297,693 445,117 211,602 461,807 509,295 906,924
Cash and cash equivalents 216 390 218688 216 390 218688
Total Current Assets 297,693 445,117 427,992 680,495 725)685 1,125,612
LIABILITIES
Creditom falling due within one year 15 250 855 176211 3423 6583 254 278 182794
Net current assets/l)iabilities) 46,838 268,906 424,569 673,912 471,407 942,818
Total net assets/(liablBties) 622,018 585,420 424,569 673,912 1&046,587 1,259,332
FUNDS
Restricted funds 17 424,569 673,912 424,569 673,912
Unrestricted
funds		 622 018 585420 622 018 585 420
TOTALFUNDS 622018 585420 424
69		 673912 1046587
onions		 I 59332

Group Charity
31/3/23 31/3/22 31/3/23 31/3/22
As As
restated rcsmtcd
f. 8
CashRuws
from operating		 activities:
Cash gcncrstcd from opcrtmons [Note 21) 302,259 40,069 289,8]I 40,201
Interest paid ~1548 ~1318 ~I54 ~70
Net cash provided
by/(used		 in) operating 300,711 38,751 288,263 39,411
activities
Cashflows
froen investing		 activities:
Purchase ot'tangible tixcd assets (294.834) (141,954) (290,880) (141,954)
Proceeds from the sale oftangible tixed assets
Interest income 319 39 ~I +3
Net cash provided
by/(used		 in) investing (294,515) (141,915) (290,561) (14],915)
activities
Cashgows
fram ttnanetng		 activities
Change in cash and cash equivalents iu thc (22) ~04
reporting period
Cash and cash equivalents at the begmning of 221,022 324, 186 218,688 321,192
the reporting period
Total cash nnd cash equlvalenls at the end of
tbe reporting
period

Individual
fixed assets costing f1,		 Individual
fixed assets costing f1,		 Individual
fixed assets costing f1,		 000or more are capi talisad at cosa 000or more are capi talisad at cosa 000or more are capi talisad at cosa
Tangible assets other riian freeltold
to write offthe cost less es(imated		 are stated atcost less depreciation.
Depreciation
isprovided
residual
value ofeach asset over its expected useful li&, as		 at rates calculated
follows
Leasehold improvements (Charity) Over the period ofthe lease
Leasehold improvements (Subsidiary) Stmight line over 5 years and 25 years
Plant &equipment Straight linc over 5years aed 10yearn
Furniture &Fittings Straight line aver 7years
Technical assets Straight line over 5years and 10years
Cinema Straight
line over 10years
Computer equipmeni Straight line over 5 years

Ltnrestr(cted
Funds		 Ltnrestr(cted
Funds		 Restricted Fends Fends Total Funds Total Funds
3t/03/2023
31/03/2022		 31/03/2023 31/03/2022 31/03/2023 3(/03/2022
E E f
Donauons 151,429 42,616 151,429 42,616
Grants 238 091 134246 432275 134 46 670366
Total 151,429 280 707 134246 432 275 285 75 712982
3. INCOME FROM TRADING ACTIVITIES
I/nreslrlcted Funds Res(r(a(ed Fmds Total Funds
3I/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
E E E
Cafd, bar and car park 196,124 147,2$9 196,124 147,289
Sponsorships 45,560 26,529 45,560 26,529
Fundrsising events 396 396
Hire income 2,483 2483
Total 244563 173 20 563 173$1$

Uarestrtcurd Funds Restricted Funds Total Fuads
31/03/1023 31/03/1022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
6
Interest rccewsblc 319 39 319 39
Total 3t9 39 319 39

Unrestricted Funds Restricted Fonda Total Funds
31/03/2013 31/83/1022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
I I I
Theatre aud
Cinema 419,547 215,815 419,541 215,815
Education st
Youth I74,745 119004 188,452 363 197 I I9,004
Total 594 292 334819 188 52 782744 334819

Direct costs Support costs (Note 9) Total Funds Total Funds Total Funds
31/03/2013 31/03/2022 31/03/2022 31/03/2022
As 3I/03/2023 As 31/03/2023 As
restated restated restated
f.
Unrestricted
fonda
Trading cost 186,079 133,799 186,079 133,799
Fundrsis in8 19319 19729 17 162 33391 36 481 53 120
Total 205 98 153528 17162 33391 222 60 186919

Direst seats Direst seats (Note 8) Support casts (Note 9) Total Total
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
As As As
restated restated restated
f I I
Uaresiricted
funds
Theatre aud Cinema 472,997 62,614 311,633 200,348 784,63D 262,962
Education
dr Youth		 112.198 116.944 204.753 148,D45 316,951 264,989
Total unrestricted
fuode 585,195 179/58 51+86 348/93 1,181,581 527,951
Restricted funds
Theatre and Cinema 44,117 254,549 44,117 254,549
Education
dr Youth		 248 815 80 984 248 815 80984
Total restricted
funds 292 932 335 533 292 932 335 3
878127 515 091 51 86 348 93 1394 23 863 484
8.
ANALYSIS		 OF DIRECT COSTS
Total Funds
31/03/2022
31/D3/2823 As restated
5 f
Wages and salaries 267,052 194,636
Production
snd perfarmaoce		 casts 225,208 115,171
Project and workshop costs 194,182 68,D59
Cinema casts 21,768 10,999
Suhscripiians
snd		 iicenccs 2,996 1,315
Christmas
show casts		 91,966 70,554
Other production casts L368 2,784
Technical casts 27,963 12,303
Backing system costs 19,841 11,647
Other direct casts 660
Marketing
costs		 7,082 11,992
Dcprccia(ion 17451 14971
Total 878 127 515091

Total Funds
3I/03/2022
31/03/2023 As restated
E
Wages and salaries 207,432 200,597
Rent and rates 23,438 i4,178
Lightsndheat 222J6I 19,D14
Repairs
and maintenance		 25,791 12,435
Cleaning costs 4,105 5,781
l&iarkeling 84,692 16,760
Volunteer costs 1,093 611
Insurance I8,489 14,696
Printing,
postage and		 stationery 6,060 5,058
Other staff costs 1,061 7,360
Telcphonc 12,015 8,303
Travel costs 205 550
Computer
costs		 5,149 6,522
Subscriptioos 280 457
Accountancy 8,470
Depreciation 14,763 11,9D2
irrecoverable
VAT		 69482 33,478
Bank charges 1,767 1,537
Credit card charges 97789 10,088
Governance
costs:
Auditors' rcmuneratiou 11,450 5,990
Consultancy casts 4343 3,509
Legal and professional fees I,DLS 2,958
Total 533548 381 784
Support costs allocated beta&een,
Expenditure
on raising funds (I/ote 6)		 17,162 33,39]
Expcnditurc
on charitable		 activities (Note 7) 516386 348,393
Total 53354S 381 784

The average monthly The average monthly The average monthly The average monthly number oi'employees oi'employees during thc year was as follows:
31/3/23 31/3/22
Theatre 5 3
Education dt Youth 4 4
Commercial trading operations 13 14
Administration,
mpport		 and premises 9 7
31 28
31/3/23 31/3/22
8 f
Wages and salaries 531,586 456, 193
Employer's
Employer's		 national
pension		 insurance
contributions
contributioas		 33,580
~)t 597		 28,310
~10367
~57 763 4~94870
No employees
received emoluments		 iu excess off60,000.
12. NKT INCOME/(EXPENDITURE)
31/3/23 31/3/22
g 8
Net income/(expenditure) is stated athv charging:
Auditom' remuneration for audit services 12,000 6350
Depreciation 35,229 29,356
Rent paid under operating leases 12,000 12,000

Leasehold Plant th
improvements Cinema equipment
COST
At I April 2022 325,566 34,00S 124,998
Additions
Uisposala		 267,32D 2,050 7,881
~565
A131 March 2023 ~592 886 36,058 ~I32 314
DEPRECIATION
At
I April 2022		 119,489 34,008 85,913
Charge for year 6,D32 103 8,63D
Elitninated
on disposal		 ~453
At 31 March 2023 ~125521 ~34 II I ~94090
NKT BOOK VALUE
At 31 Mamh 2023 ~4i7
65		 ~3947 38 24
At 31 March 2022 ~206077 ~39 085
Furniture th Computer Technical
listings
8		 equlpmeat assets
8		 Totals
8
COST
At I April 2022 48,858 16,948 238,166 788,544
Additions
Disposala		 1,625 15,958 294.834
~565
At 31 hlsrch 2023 ~48 85S ~18573 ~254 124 ~1082813
DEPRECIATION
At I April 2022 41,716 11,323 168,415 460,864
Charge for year
Eliminated
an disposal		 1,160 1,956 17,348 35329
~453
At 31 March 2023 42,876 13,279 185,763 495,640
NET BOOK VALUE
At 31 March 2023		 ~982 ~594 6II36I ~587 173
At 31 Marrh 2022 7 142 5 625 69,751 327680

Leasehold Plant dr
improvements Cinema
f		 equipment
COST
Atl Aptil 2D22 309,955 34,008 113,279
Additious 267,32D 2,050 3,927
At 31 March 2023 ~577 275 ~36058 ~117206
DEPRECIATION
At
1 April 2D22		 113,318 34,008 75,920
Charge for year 4,268 103 7,379
At 31 March 2023 ~II7586 ~34 111 ~83 299
NKT BOOK VAI UE
At 31 March 2023		 ~459689 ~1947 ~33 907
At 31 March 2022 ~196637 - ~37359
Furniture
dc		 Computer Technical
littings equipsaent assets
f		 Totals
f
COST
A(
1 April 2022
Additions		 48,858 16,948
1,625		 238.166
~15958		 761,2t4
~290880
Ai 31March 2023 ~48 858 ~18573 ~254 124 ~1052054
DEPRECIATION
At I April 2022
Charge for year		 41,716
~116D		 11,323
~1556		 168,41.5
~17348		 444,700
~32214
At 31 March 2023 42 876 ~13279 ~185763 ~476914
NET BOOK VALIJE
At 31 Mamh 2023		 ~5982 ~5294 ~68 361 ~575180
Ar 31 March 2022 7 142 ~5625 ~65 751 ~3I 6514

Group Charity
31/3/23 31/3/22 31/3/23 316/22
As As
f restated restatedf
Trade Debtors 43,284 12,761 42,936 12,76)
Amounts owed tc group undertainngs 67,618 29,128
Other debtors 650 650 650 650
VAT 2,347 2,347
Prepay rn cnts end accrued income 386,$93 $64,174 398,091 $62,038
430827 $79932 509295 906924
CREDITORS: AMOUIvTS PALLING D UE WITHIN ONE YEAR
Group Charily
31/3/23
8		 31/3/22
f		 31/3/23
8		 31/3/22
f
Bank loans snd overdraft 3,423 5,353 3,423
Trade creditors 95,530 90,27$ 94,554 84,993
Corporation
Tax		 272
Taxation snd social security 10,389 13,382 10,038 2$5
Other creditors 3,0i2 8,896 1,992 $,753
VAT 11,030 2,540
Deferred income 88,559 71,725 88,559 71,725
Accruals 57,492 18,73$ 53,172 I 7,038
269r135 208,644 254,278 IS2,794
Group Charity
31/3/23 31/3/22 31/3/23 31/3/22
6 f
Balance at I April 2022 71,725 61,721 71,725 61,721
Released to income (71,725) (61,721) (71,725) (61,721)
Received in the year and deferred 88559 71 725 88 559 71.725
Balance a( 31 March 2023 $8,559 71,725 88,559 71,725

The charity is committed to the followiog operating the followiog operating lease payraents; lease payraents;
3I/3/23
f		 31/3/22
I
Expiring:
Within one year 12,000 12,000
Betwmn one aad five years 48,000 48,000
In more Ihan Sve years 288 000 300000
348,000 360,000
17.ANALYSIS OFFUNDS
a.UNRESTRICTED FUNDS
Balance at Income Expenditure Transfers Baluecaat
01/04/2022
As restated 3I/03/2023
6
Unrestricted
funds		 550403 I D50 955 I 324 141 279 109 556 326
Total 55D403 I OSO 9SS I 24 141 279109 SS6326

Movement
In funds
Balance at Iacome Expenditure Transfers Balance at
01/04/2022 31/03/2023
As restated
Capt(al
iferitage Project 554,109 73,765 (32,744) (267,320) 327,810
Building Upgrades 21,232 (3,335) (7,789) 10,108
Amc Space Refurbishment 125 125
Technical Equipment 4,000 (4,000)
Operating
'Encore 7,112 17340 (15,236) 9,116
Spoech Bubbles 23,599 218,066 (176,564) 65,101
Reconnect 46,783 (46,783)
Creative Engagement 8,7I05 450 (5,625) 3,530
projocta
Film Funds 3,350 (550) 2,800
NT Connections 7,930 (4,057) 3,873
Operming
staAiog		 6,500 741 (7,247)
Operat'mg
Other		 2,397 (791) 1,606
Elliott Fund 500 500
673,912 322,698 (292,932) (279,109) 424,569

TOCK( Group only)
31/3/23 31/3/22
f.
Finished goods ~5112 ~4325
5 112 ~425

31/3/23 31/3/22
Turnover 167,423 112,634
Cost ofsales 59.866 41.118
Adnunistrativc costs 138,197 92,680
Loss for the year (30,650) (21,164)
Total Assets 32582 19,961
Total Liabiliues 98,828 55,557
h(embers
funds		 (66,246) (35.596)

CASH GENERAT ED PROM OPERATING ACTIVITIES
Groap Charity
2022/23 202D22 2022/23 202I/22
As restated As testated
f
Net Income/(expenditure) [243,420) 237,708 (212,745) 258,293
Adjnstm cnts for.
Depreciation
charges
Loss/(profit) on thc sale offixed assets		 35,229
112		 29,356 32,214 26,872
Interest from invesnnents (319) (39) (319) G9)
interest paid 1,548 1,318 1,548 790
Decrease (increase) in stock (787) 211
Decrease (innmsse) in debtors 449, 105 (312,259) 397,629 (312254)
(Decrease) increase in creditors 60 791 83774 71484 66 539
Net cash provided by (need in)
operating
scthdties