PEOPLE SHOW PROPERTIES LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31st MARCH 2022
COMPANY REGISTRATION NUMBER: 3375614
PEOPLE SHOW PROPERTIES LIMITED
(A Company Limited by Guarantee)
General Information
Gill Lloyd Chair Jon Catty Jessica Burr Pete Staves Roxana Silbert COMPANY SECRETARY: Sadie Cook REGISTERED OFFICE: Pophub Leicester Square 41 Whitcomb Street London WC2H 7DT EXAMINER Frank S Lachman 16b North End Road Golders Green London NW11 7PH CHARITY REGISTRATION NUMBER: 1063084 COMPANY REGISTRATION NUMBER: 3375614
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PEOPLE SHOW PROPERTIES LIMITED
(A Company Limited by Guarantee)
Trustees' Report
The trustees' present their report and the financial statements for the year to 31st March 2022.
The information on page 1 to these accounts forms part of this report.
Trustees' Obligations
Law applicable to charitable companies in England and Wales requires the trustees, who are also the directors of the company, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the results of the company for that period. In preparing those financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Objectives
The principal objective of the company continued to be the advancing of education and encouraging of the Arts by the making of grants to other charitable organisations
Constitution
The company was incorporated on 23rd May 1997 and is governed by its Memorandum and Articles of Association.
The company is limited by guarantee and has no share capital. The guarantees of individual members are limited to £1.
The company is a registered charity, number 1063084. Company Registration Number: 3375614
Grant Making Policy
The Memorandum and Articles of the charitable company allow the trustees, in their discretion, to pay or apply the income and/or capital of the trust funds (which are all unrestricted) to or for the benefit of any charitable body in the field of the performing arts.
Total net accumulated income at the beginning of the financial year 20-21 was £477,926. Grants to other charitable organisations in the year were £150,000. After administrative expenses the balance held for future grant-giving was £366,878
The trustees considers that the grant-making policy of funding arts organisations, in particular The People Show Ltd, achieves the stated aim of supporting the arts.
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PEOPLE SHOW PROPERTIES LIMITED
(A Company Limited by Guarantee)
Trustees' Report (continued)
Review of Developments, Activities and Achievements
The main achievements of the charity during the year were to maintain the reserves of the charity at a reasonable level and make a grant to The People Show Ltd of £150,000. This grant has enabled that charitable company to sustain its standing as an experimental theatre company which is widely known in the UK for its work with a devising methodology and to create site-specific performances. The company’s work continues to be of interest to students, theatre professionals, and aficionados of contemporary performance practice.
Reserves
The movement in reserves is shown in note 6 to these accounts All the company's reserves are unrestricted.
The level of reserves is constantly monitored. It is the intention to maintain the reserves at a level to meet the income required for the company’s grant giving activities.
Risk Management
During the year the Trustees have considered the major risks to which the company may be exposed and have implemented systems to manage those risks.
The Board continued the appointment of Schroder and Company as its fund manager/investment advisors, and met representatives of that company during the year and received regular investment reports from them.
The charity made grants to the charitable company People Show Limited to fund its artistic work.
Going Concern
The trustees concider that a going concern basis is appropriate for the preparation of these accounts.
The charity has more than sufficient funds to cover future activities for the next 12 months from the date of this report.
Trustees
Appointment Of Trustees
New Trustees are elected to the Board by existing members, after recommendation and discussion at Board meetings.
Trustees Induction And Training
New Trustees meet with at least one member of the Board before being appointed and receive the latest Annual Report and Accounts and all relevant information related to the Company. No formal training is deemed necessary.
The trustees set out below have held office during the period from 1st April 2021 to the date of this report unless otherwise stated:
Gill Lloyd Pete Staves Jon Catty Roxana Silbert Jessica Burr
The day to day management of the company is dealt with by members of the board under the advice of the fund managers Schroders and Company. Decisions on making grants are made by the full board.
Plans for the future are a commitment to continue the current investment strategy and to make grants to organisations in the theatre industry.
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IA Company Lwnitsd by Guardntee) Publlc B¢neflt The Truatees eonfirm that in eompiling Ihis port they have had dsjè regard to thè guKlance on publ banefrt issued by thé Charity Commission in compliance wilh the duty sel out in section 4 of the charit Act 2C(6. Indep•ndent Examln•r Frank S LaGhman was appointed a5 Indopendent Exomui•r to th8 cempwy and a r•Joluth?n to re4ppoinl him will proposed at the lorthcoming onnu81 genèral me¢ting. flkiti¢l•l •t•t•Yn•nl• con)piy ¢h• Act 201 1. th• Comp•ni•s Aci 2C%)8, th• Morndum and Articbs ol AB8oGl•rion, and A¢countlng and Reporting by Charities.. Ststemant of Re¢(mended Pr¥19 applicable to charrfcies preparing their accounts in accordan wth lh• Fina1 Reporting Standard applKabk In the UK and Rgpublic of Ireland IFRS 1021 l•ff•ctw l Jnu#ry 2019). This roport W88 approvod by tho bo•rd Qpli40 and •igned on It8 b•h8ff by Gill Lloyd
PEOPLE SHOW PROPERTIES LIMITED (A Company Limited by Guarantee)
Independent Examiner's Report on the Accounts of People Show Properties Limited COMPANY REGISTRATION NUMBER: 3375614
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2022 which are set out on pages 6 to 10 .
Responsibilities and basis of report
As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's report
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
(1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
(2) the accounts do not accord with those accounting records; or
(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection 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.
Frank S Lachman Chartered Accountant Independent Examiner
16b North End Road London NW11 7PH
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PEOPLE SHOW PROPERTIES LIMITED
(A Company LImited by Guarantee)
Statement of Financial Activities (incorporating an Income and Expenditure Account) For the Year Ended 31st March 2022
| Total | Total | |||
|---|---|---|---|---|
| **Unrestricted ** | Funds | **Unrestricted ** | Funds | |
| Funds | 2022 | Funds | 2021 | |
| Income from | ||||
| Investment income | 21,741 | 21,741 | 25,639 | 25,639 |
| Profit on sale of investments | 3,029 | 3,029 | 15,413 | 15,413 |
| Value adjustment on current asset investments | 16,641 | 16,641 | 91,418 | 91,418 |
| ___ | ___ | ___ | ___ | |
| Total income | 41,411 | 41,411 | 132,470 | 132,470 |
| ___ | ___ | ___ | ___ | |
| Expenditure on | ||||
| Charitable Activity Costs | 152,459 | 152,459 | 152,598 | 152,598 |
| ___ | ___ | ___ | ___ | |
| Total expenditure | 152,459 | 152,459 | 152,598 | 152,598 |
| ___ | ___ | ___ | ___ | |
| Net expenditure | (111,048) | (111,048) | (20,128) | (20,128) |
| Reconciliation of funds | ||||
| Total funds brought forward | 477,926 | 477,926 | 498,054 | 498,054 |
| ___ | ___ | ___ | ___ | |
| Total funds carried forward | 366,878 | 366,878 | 477,926 | 477,926 |
| ___ | ___ | ___ | ___ |
The statement of Financial Activities includes all gains and losses recognised in the year
All income and expenditure derive from continuing activities.
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PEOPLE SHOW PROPERTIES LIMITED (A Company Limited by Guarantee)
Balance Sheet at 31st March 2022
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Current assets | |||||
| Financial assets | 3 | 525,169 | 539,999 | ||
| Cash at bank and in hand | 10,806 | 5,924 | |||
| _ | _ | ||||
| 535,975 | 545,923 | ||||
| Creditors falling due within one year | 4 | 169,097 | 67,997 | ||
| _ | _ | ||||
| Net current assets | 366,878 | 477,926 | |||
| _ | _ | ||||
| Net assets | 366,878 | 477,926 | |||
| _ | _ | ||||
| Funds of the charity | |||||
| Reserves | 5 | 366,878 | 477,926 | ||
| _ | _ | ||||
| Total charity funds | 366,878 | 477,926 | |||
| _ | _ |
For the year ended 31 March 2022 the company was entitled to exemption under section 477(2) of the Companies Act 2006.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for:
i. ensuring the company keeps accounting records which comply with section 386; and ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
The accounts have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
Approved by the directors on , and signed on their behalf by
Gill Lloyd - Director
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PEOPLE SHOW PROPERTIES LIMITED (A Company Llmhted by Guarnntts) Balan¢• Sh••t at 31st March 2022 2021 Current a880ts Flnancial assets Cash al bank and In hand 525.169 10.806 539,999 5.924 535.975 $45,923 Cr•dltor8 lalllng due wlthln on• yr 169,Qa7 87.997 Not ¢urr•nt a•••ts 386,878 477,926 366,878 477,928 Fund8 ol th• chrlty Reserves .878 477.928 Total eharbty fund• 366,878 477,926 For Ihg year ertd 31 March 2022 ts ccrtnpany was entrrtd to exemptKin under se¢ln 477121 ol t Compani¥s Act 2Cth. No members have r•qulred the ¢c•npanylo obtain on audrt of its a¢Unts forthe year In questrn in accordan wrth Section 476 of the Companie$ 2rx6. The dirxtors acknowledge Ihoir responsibl for. i. ensuritvJ the company keeps auntIng records wh wth section 386.. aTrJ ii. preparing accounts which give a true and fow wew of the state of affairs of the cornpany as at the end ol the financial year and of ts profrt and ioss for the financial year in accordan with Ihg sectit 393, and which otherwise Comply wth the requirèments of the Cpan5 Act rekting to accounts, so far as applicable to the company. The accounts have bgèn prepared in a¢cordance with the special prowsions in Part 15 of the Companies Act 2006 applicable to compani85 subject to the small companEs regime. arKI constrtule the annu81 accounts required by the Companies Act 20C6 and are for Circulat to mèmbers of thè cofflpany. Approved by the (Jirectcrfs on , and sigr*d on th"r behaff by GlL - D1ctor
PEOPLE SHOW PROPERTIES LIMITED
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Year to 31st March 2022
| 2 | Charitable Activity costs | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Charitable Activity costs | |||
| Grants | 150,000 | 150,000 | |
| Support costs | |||
| General Administration expenses | 2,459 | 2,598 | |
| _ | _ | ||
| 152,459 | 152,598 | ||
| _ | _ | ||
| During the year the company had no | employees. (2020: none) | ||
| 3 | Financial assets | ||
| 2022 | 2021 | ||
| Schroder Charity Multi-Asset Fund | 447,985 | 479,456 | |
| Value adjustment | 77,184 | 60,543 | |
| _ | _ | ||
| 525,169 | 539,999 | ||
| _ | _ | ||
| 4 | Creditors due within one year | ||
| 2022 | **2021 ** | ||
| Accruals | 7,664 | 6,564 | |
| Grants awarded | 161,433 | 61,433 | |
| _ | _ | ||
| 169,097 | 67,997 | ||
| _ | _ | ||
| 5 | Analysis of Funds | ||
| Unrestricted | Total | ||
| As at 31st March 2021 | 477,926 | 477,926 | |
| Net outgoing funds | 111,048 | 111,048 | |
| _ | _ | ||
| As at 31st March 2022 | 366,878 | 366,878 | |
| _ | _ |
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PEOPLE SHOW PROPERTIES LIMITED (A Company Limited by Guarantee) Notes to the Financial Statements
For the Year to 31st March 2022
Analysis of net assets between funds
| 6 | Analysis of net assets between funds | |||
| Net Current | Total | Total | ||
| Assets | 2022 | 2021 | ||
| Unrestricted Funds | ||||
| General | 366,878 | 366,878 | 477,926 | |
| _ | _ | _ | ||
| 366,878 | 366,878 | 477,926 | ||
| _ | _ | _ |
7 Related party transactions
The following directors were also directors of The People Show Limited.
Gill Lloyd, Pete Staves, Jon Catty, Jessica Burr and Roxana Silbert
During the year the charity awarded a grant of £150,000 ( 2021 - £150,000) to The People Show Limited
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