OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-08-31-accounts

Charity Registration No. 1070142

Company Registration No. 03573945 (England and Wales)

RIDING LIGHTS

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

RIDING LIGHTS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees MrAPN Dunn
MrAJ Bradley
Mrs B CG Burbridge
MrPA Burbridge
MrS MH Cavanagh
Mr J C Emmett
Mr M J Hands
Miss S R Hoyland
Mr D J Lampitt
MrsY P L Morley-Chisholm
Members Mrs C Smith
Miss J Henfrey
MrR Mapletoft
Rev'd Dr B Quash
Mr M Rance
Mrs U Simpson
Mr J
MW Somerville
Mr J Brown
Mrs J Smyth
Mrs R Jack
Secretary MrAPN Dunn
Charity number 1070142
Company number 03573945
Registered office Friargate Theatre
Lower Friargate
York
UK
YO1 9SL
{independent examiner David Walker FCA
124Acomb Road
Hoigate
York
YO244EY

RIDING LIGHTS

CONTENTS

Page
Trustees’ report 1-9
Independent examiner's report 10
Statement offinancial activities 11-12
Balance sheet 13-14
Statement ofcash flows 15
Notestothefinancialstatements 16-31

RIDING LIGHTS

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2020

The trustees present their report and financial statements for the year ended 31 August 2020

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association dated 2 June 1998 as amended July 2019, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity's objects are :

-to advance the education, public understanding and appreciation of the dramatic arts.

-to teach, train and encourage young artists and other members of the public in the dramatic arts.

-to explore, principally through the dramatic arts, the relevance of the Christian faith to contemporary life and its potential to effect positive change.

The policies adopted in furtherance of these objects are the staging of performances and workshops at the Friargate Theatre, the annual summer school and working within the Christian Church, schools and other areas of the community presenting high quality drama and direct teaching. There has been no change in these during the year.

The charity has the general aim of providing and presenting performances which are of educational, cultural and religious value to the community.

The main objectives for the year continued to be the promotion and fostering of artistic knowledge and appreciation of the dramatic arts, and the exploration of the relevance of the Christian faith to contemporary life and its potential to effect positive change.

Strategies for achieving the objectives of the charity continues to be the production of theatrical performances, drama workshops and direct teaching.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The trustees consider that the charity is a public benefit entity.

Details of the significant activities of the charity during the year are as follows:

21s

RIDING LIGHTS

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Riding Lights Productions

The Kaleidoscope Tour - Sept-Dec 2019 The Selfish Giant — Nov-Dec 2019

Carol Service in York Minster— Dec 2019 Rumours of Polar Bears — Senior Youth Theatre show — Dec 2019 The Kaleidoscope Tour — Jan-Feb 2020

The Narrow Road — March — April 2020 (cancelled after one performance) Video Vaults and Colour Radio — March — June 2020 Spring Harvest Home — March-April 2020 Kaleidoscope Filming (prep May 2020) Members Day Online — June 2020 Premier Radio — July 2020 Summer Theatre School Online — July - August 2020 Charles Spurgeon Audio Tapes — Summer 2020

Cancelled and Postponed Productions due to Covid 19

Al is in Wonderland Junior Youth Theatre — April 2020 (Cancelled) The Kaleidoscope Tour leg 3 — May-June 2020 (Cancelled) Acting Up show — Summer 2020 (Cancelled) Alls Well That Ends Well — European Tour Summer 2020 (Postponed) Wall Stories — Primary School Assembly show with Friends of York Walls — Summer 2020 (Postponed) Youth Theatre site-specific show with Friends of York Walls — July 2020 (Postponed) Big Yorkshire Youth Theatre Festival — July 2020 (Cancelled) Around the World in 80 Days — Minster School ~ July 2020 (Cancelled) Fantastic Acts — July 2020 (Cancelled) Bloom Festival Monologues — May 2020 (Cancelled)

Riding Lights Roughshod

The charity's Roughshod Company which is primarily staffed by volunteer actors and actresses offering performances at no charge did not operate during the year.

Se

RIDING LIGHTS TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Educational and Youth Work

Riding Lights Education works with both young people and adults to offer theatrical opportunities for the York community and beyond. The work includes a broad spectrum of drama workshops as well as full scale productions. Since 2000, with the purchase of Friargate Theatre and the creation of the education department Riding Lights has continued to partner with both primary and secondary schools to deliver workshops and support teachers across the curriculum.

Four youth theatre courses are run during each term of the year. Some courses are entirely skills-based, others lead to productions mounted at Friargate Theatre.

The courses are as follows: School years 7 - 9 (JYT) School years 10 upwards (SYT) Acting Up! (age 14-18) Acting Up! (age 18-25)

Acting Up! is the only Youth Theatre provision in York for young people with additional needs. In August 2019 - March 2020 Riding Lights did not receive funding to support the groups and covered the costs in-house. A staff member raised over £1,000 towards the ongoing costs through a sponsored half-marathon. Attempts to secure longer term funding have not been successful. From September 2019 to February 2020, curriculum drama teaching at The Minster School was suspended following a change in leadership at the school. After-school clubs and the Minster Youth Theatre remained, but it represented a real loss in income for our education department. The annual school production was planned for performances in Friargate Theatre. Rehearsals in class time resumed in February 2020 only to be suspended due to the lockdown in March 2020. The Minster School closed permanently in Summer 2020 as a consequence of Covid19.

An expansion of Education work in schools in the region was planned for the Spring and Summer of 2020, in part to cover the loss of the Minster School teaching income. An R&D project plan was developed to create a series of workshops for primary children covering transition and emotional resilience, which has been offered partial funding by The Westhill Foundation.

All sessions were suspended in March 2020, with three of the four annual productions cancelled. The Big Yorkshire Youth Theatre Festival was also cancelled.

Abi Oscroft, the full-time Youth Theatre Practitioner left Riding Lights in September 2020. Online sessions have resumed since September 2020, led by a freelance practitioner and the Riding Lights Creative Associates.

The department benefits from the assistance of volunteers, who provide valuable experience to those individuals taking part.

Details of the significant activities planned during the twelve months were as follows:

Rumours Of Polar Bears — Senior Youth Theatre production Al !s In Wonderland — Junior Youth Theatre production (Cancelled) Planned Acting up! production (Cancelled)

Around The World In 80 Days — Minster School (Cancelled)

Summer Theatre School

The Riding Lights Summer Theatre School was delivered online for the first time owing to the pandemic. There were 53 participants. This was significantly fewer than would normally be expected for a residential course. Nonetheless the capacity for online was at maximum. The company delivered an innovative and technically challenging set of performances. Many important lessons were learned for future work

An anonymous donor has continued to fund free places for people who are not in full time work or education, and special dispensation was given to allow funding of partial or full bursaries for several young people whose incomes were affected by the pandemic. The week culminated in an online evening festival of theatre in which all participants shared the work they had created during the week.

=3e

RIDING LIGHTS

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Use of Volunteers

Riding Lights is widely supported by many people across the country who help by providing a wide range of valuable resources, particularly when Riding Lights visits local communities. We are particularly grateful for the generous provision of accommodation and hospitality made to our acting companies as well as to those who organise performances of our work in their area.

The educational department also benefits from the assistance of volunteers, who provide valuable experience to those individuals taking part.

Achievements and performance

Riding Lights Productions

The Kaleidoscope Tour was funded by The Anchor Foundation to re-rehearse and adapt the show to go into prisons. The company was able to tour in January and February but the latter part of the tour was cancelled. £5,000 of the grant was spent on this leg of the tour. In March 2021, The Anchor Foundation gave permission for the remaining £4,200 to be reallocated to filming content for prison broadcast networks.

The Selfish Giant by Oscar Wilde was adapted for stage by Jon Boustead. It toured junior schools, primarily in North Yorkshire throughout December, including public performances at Friargate Theatre. The St Michael le Belfrey annual Carol Service always attracts a large congregation. This year the service was live streamed via Facebook. Over 1,000 people attended.

A new production of The Narrow Road by Paul Birch was booked for a national tour. The tour was cancelled after one performance in York.

The Spring Harvest organisation proceeded online. Riding Lights had already filmed some content for the theme song with other performers. Subsequently, the Company filmed sketches and readings in a socially distanced manner.

A decision was made to make archive content available free online as a resource to the wider church. Video Vaults and Colour Radio were launched on social media and promoted by Premier Radio.

Educational Programme

Riding Lights Youth Theatre and Education department has continued to teach theatre skills both in the community and in schools. Riding Lights Junior and Senior Youth Theatre have weekly sessions for approximately 40 young people. Acting Up! Youth Theatre Practitioner engages with 22 young people who have additional needs and disabilities.

As a consequence of the pandemic all RL educational work was suspended from March 2020 until the Autumn.

side

RIDING LIGHTS

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Financial review

Riding Lights aims to cover all its costs through a mixture of the regular donated income received from Membership and irregular income from one-off donations as well as earned income from projects and productions. The Company aims to ensure that the core costs of operating Riding Lights (Administration, Friargate Theatre, Company Vehicles, Staff etc.) are broadly covered by regular and one-off giving. Any shortfall is met by profit from projects and productions. This surplus is intended principally to support new productions, which is essential if the Company is to invest in and remain creatively active. Riding Lights costs are kept to a minimum while also ensuring that staff are paid, as a bare minimum, in accordance with the recommendations of the Living Wage Foundation to which the companyis affiliated.

Despite the pandemic, regular income has remained steady. We continue to seek increased Membership which enables us to predict regular giving. As a consequence of not touring during the pandemic, there has been no increase in Membership since March 2020. Many Members have increased their giving during this season or sent additional one-off gifts, for which we are grateful. Regular fundraising continues alongside grant applications.

The government furlough scheme has covered a significant percentage of staff salaries, making it possible to retain the whole staff without redundancy or reducing salaries. The decision was taken to pay staff at 100% of their usual income despite the insecurities of the future. The company made up the additional 20%, taking the view that staff members who are on relatively low salaries would find it difficult to take a 20% cut in income.

Riding Lights has benefited from a reduction in business rates and the government furlough scheme. During the first lockdown, the majority of the team took furlough. The Company Administrator and a part-time Office Assistant were retained to ensure the continued running of the company.

Members of the team undertook significant training during furlough to adapt their skills to filmmaking and digital output. The team was un-furloughed for sprint periods of delivery for projects, enabling the company to make film during the first part of the pandemic. This was vital to maintaining our Membership, partner venues and audiences. The adaptation of the furlough scheme to flexible-furlough from mid-summer onwards further benefited the company, allowing work and training to continue side by side.

Irregular income including external funding, grants, donations and partnerships are crucial as a support for the whole organisation. During this period significant one-off, anonymous donations were made to support the company. £100,000 was given to provide a production fund for a large national tour. The gift has not been restricted but the company has designated £70,000 which is the anticipated cost of the tour. A further gift of £25,000 was given to fund film making for prison broadcast networks. A further large, unrestricted gift arrived the following day which would enable the purchase of kit and training to develop the film work. Prison work within the Kaleidoscope Tour was supported by The Anchor Foundation. Riding Lights has also benefited from one-off legacy gifts.

The Board's current strategy is to:

It is the poticy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's fixed costs expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The company's memorandum and articles of association give the charity the power to make any investment which the trustees think fit. At the present time no such investments are held.

-5-

RIDING LIGHTS

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

-6-

RIDING LIGHTS

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Plans for the Future

Forward-planning has been severely disrupted by the pandemic. Adaptations to some projects have been possible, while others remain postponed until regular touring can resume.

Autumn 2020 - Youth Theatre online sessions begin.

Winter 2020 - The Selfish Giant - Oscar Wilde adapted by Jon Boustead — theatre on film for primary schools and families in the UK, with accompanying creative resources.

Winter 2020 - Publish for download and hard copy - Add Drama to Christmas online - Sketch collection as well as a Christmas film for Prison use.

Jan 2021 - Begin work on Al project for Templeton Foundation. Possible delivery of tour in Spring 2022. February - April 2021 Breaking Day — a lockdown Passion Play for church groups and individuals in the UK. April 2021 — Spring Harvest Home — online sketches and bible readings for main sessions. May 2021 — Theatre-on-film adaptation of Pericles, Prince of Tyre for York International Shakespeare Festival Spring/Summer 2021 — Filming for Prisons (short films for different priority groups). Summer 2021 — Launch Riding Lights new website and branding.

Summer/Autumn 2021 Phased return of Acting Up!, Youth Theatres and re-opening of the building. August 2021 - Riding Lights Summer Theatre School, at Harrogate Ladies’ College and online. Autumn 2021 - My Place — partnership with Home For Good — national tour (postponed from Autumn 2020). Autumn — School show/tour/film.

Winter 2022 — Al — show/tour/film.

Ambition remains to re-mountAll’s Well That Ends Well (2019) for a European Summer Tour and revive the partnership with York Walls for a Youth Theatre project and Primary School tour.

Increasing costs and cultural change continue to be significant drivers in leading the Riding Lights Board to review its pattern of work. Over the course of the year several members of staff have left to pursue further education and the team is very small. It will need to expand by one or two people in the coming year to carry the work that is anticipated.

Bernadette Burbridge continues to mentor the company administrator and provide financial oversight. Artistic Director Paul Burbridge is expected to reduce working hours during 2021, while continuing to mentor for a limited time and to oversee the creative development of a number of projects.

oe ie

RIDING LIGHTS TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Structure, governance and management

The charity was registered with the Charity Commission on 23rd June 1998 and is constituted as a company limited by guarantee and is therefore governed by its memorandum and articles of association dated 2nd June 1998.

It was acknowledged by the Trustees that the charitable objects, while technically accurate, no longer articulated the ethos of the company’s work. Over twenty years the specific language has developed inferences of proselytising that is not consistent with the work and that is easily misunderstood. This has been identified as a specific block to some sources of funding. A motion was passed to agree a rewording of the charity’s third article. The charitable objects were amended in accordance with the Charity Commission guidelines in July 2019. The third article now reads:

The company began to operate on 1 November 1998 when the assets and liabilities of Riding Lights Trust (a registered charity) and Riding Lights Theatre Company Limited with the exception of its stock of merchandise were transferred to the company. The Riding Lights Theatre Company Limited then changed its name to Riding Lights (Trading) Limited. Riding Lights (Trading) Limited was dissolved on 16 December 2008.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

MrAPN Dunn

MrA J Bradley Mrs B C G Burbridge Mr P A Burbridge Mr S M H Cavanagh

Mr J C Emmett Mr M J Hands Miss S R Hoyland Mr D J Lampitt Mrs Y P L Morley-Chisholm

All directors of the company are also trustees of the charity and there are no other trustees. The Board has the power to appoint additional trustees as it considers fit to do so.

In accordance with the provisions of the company's Articles of Association any newly appointed trustees shall hold office until the next Annual General Meeting and shall not be taken into account in determining the board members who are to retire by rotation at the meeting. If not reappointed at such Annual General Meeting, they shall vacate office at the meeting thereof.

In accordance with these provisions David Lampitt, Andrew Bradley, Susie Hoyland and Yvonne MorleyChisholm retire from office by rotation and, being eligible, offer themselves for re-election.

None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Subject to the provisions of the Companies Act 2006, but without prejudice to any indemnity to which a board member may otherwise be entitled, every board member or other officer or auditor of the Charity shall be indemnified out of the assets of the Charity against any liability incurred by him in defending any proceedings, whether civil or criminal, in which judgement is given in his favour or in which he is acquitted or in connection with any application in which relief is granted to him by the court from liability for negligence, default, breach of duty or breach of trust in relation to the affairs of the Charity, and against all costs, charges, losses, expenses or liabilities incurred by him in the execution and discharge of his duties or in relation thereto.

= =

RIDING LIGHTS

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

The trustees have complied with the duty imposed upon them by Section 4 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission including the guidance issued in respect of public benefit.

The trustees meet regularly to manage the charity's affairs and delegate the day-to-day running of the charity's activities to its executive and artistic directors and administrative staff.

Riding Lights is a theatre company with a Christian ethos and it is important that Trustees who join the Board share the Company's beliefs and objectives.

Potential new Trustees are identified from amongst the long-term, active supporters of Riding Lights. The Board seeks to maintain a balance of knowledge and experience relevant to particular aspects of the Company's activities; for example: Finance, Personnel, Education, etc.

Potential Trustees are invited by the Chairman to think and pray about their possible deeper involvement with the Company. Those who accept are invited to attend a Board meeting to see what goes on and how the Board operates. Once they have formally decided to accept the invitation, they are encouraged to attend as many of the meetings as possible. Inevitably not everyone can attend every meeting. Meeting dates are agreed a year in advance, with some six meetings each year. Minutes and review notes are circulated to all members of the Board on a regular basis.

There is no formal training programme for new trustees, but they are all selected from individuals who have supported or worked with Riding Lights in different capacities in the past. They are therefore already familiar with the broad outlines of the company's activities. Initially they work alongside more experienced members of the Board on sub-committees or in exploring specific issues.

Anumber of the charity's trustees invoiced the charity for various fees and expenses, the details of which are disclosed in note 10.

Asset cover for funds

Note 21 sets out an analysis of the assets attributable to the various funds. These assets are sufficient to meet the charity's obligations on a fund by fund basis.

The trustees’ report was approved by the Board of Trustees.

----- Start of picture text -----
bet nance Us (annr&l\
Mrs B C G Burbridge
----- End of picture text -----

Director & Trustee Dated: 27 April 2021

x9 -

RIDING LIGHTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIDING LIGHTS

| report to the trustees on my examination of the financial statements of Riding Lights (the charity) for the year ended 31 August 2020.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

1 have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

----- Start of picture text -----
— ‘tL
David Walker FCA
----- End of picture text -----

124 Acomb Road

Holgate

York YO24 4EY

Dated: 27 April 2021

-10-

RIDING LIGHTS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020

Current financial year
Unrestricted Restricted Total Total
funds funds
2020 2020 2020 2019
Notes £ E £ £
Income from:
Donations, Gifts and legacies 2 466,833 93,330 560,163 274,048
Charitable activities 3 38,043 - 38,043 114,698
Activities to generate funds including trading
operations 4 4,291 = 4,291 15,022
Investments 5 36 * 36 24
Total income 509,203 93,330 602,533 403,792
Expenditure on:
Raising funds 6 10,444 - 10,444 17,380
Charitable activities 7 323,144 9,997 333,141 427,925
Total resources expended 333,588 9,997 343,585 445,305
Net incoming/{outgoing) resources before
transfers 175,615 83,333 258,948 (41,513)
Gross transfers between funds 13 47,690 (47,690) * -
Net income/(expenditure) forthe year/
Netmovement in funds 223,305 35,643 258,948 (41,513)
Fund balances at 1 September 2019 276,952 38,277 315,229 356,742
Fundbalancesat31August2020 500,257 73,920 574,177 315,229

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

-W-

RIDING LIGHTS

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020

Prior financial year

Prior financial year
Unrestricted Restricted Total
funds funds
2019 2019 2019
Notes £ £ £
Income from:
Donations, Gifts and legacies 2 264,373 9,675 274,048
Charitable activities 3 114,698 = 114,698
Activities to generate funds including trading operations 4 15,022 “ 15,022
Investments 5 24 = 24
Total income 394,117 9.675 403,792
Expenditure on:
Raising funds 6 17,380 = 17,380
Charitable activities t 417,268 10,657 427,925
Total resources expended 434,648 10,657 445,305
Net incoming/(outgoing) resources before transfers (40,531) (982) (41,513)
Gross transfers between funds 13 11,655 (11,655) -
Net income/(expenditure) for the year/
Netmovement in funds (28,876) (12,637) (41,513)
Fund balances at
1 September2018		 305,828 50,914 356,742
Fundbalancesat31August2019 276,952 38,277 315,229

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Dee

RIDING LIGHTS

BALANCE SHEET

AS AT 31 AUGUST 2020

2020 2019
Notes £ £ £ £
Fixed assets
Tangible assets 14 253,165 264,926
Current assets
Stocks 15 500 500
Debtors 16 74,291 64,844
Cash at bank and in hand 269,812 40,281
344,603 105,625
Creditors: amounts falling due within
one year
Loans and overdrafts 17 2,665 -
Taxation and social security 1,960 6,333
Other creditors 18 18,966 48,989
23,591 55,322
Net current assets 321,012 50,303
Total assets less current liabilities 574,177 315,229
Income funds
Restricted funds 20 73,920 38,277
Unrestricted funds 500,257 276,952
574,177 315,229

-13-

RIDING LIGHTS

BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2020

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2020.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements 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 incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 27 April 2021

----- Start of picture text -----
bearle burl, — AeSmoit
Mrs B C G Burbridge Mr J C Emmett
Trustee Trustee
----- End of picture text -----

Company Registration No. 03573945

eds

RIDING LIGHTS

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2020

2020 2019
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 23 226,830 8,216
Investing activities
Purchase oftangible fixed assets = (576)
Investment income received 36 24
Netcash generated from/(used in)
investing activities 36 (552)
Netcash used in financing activities “ -
Net increase in cash and cash equivalents 226,866 7,664
Cash and cash equivalents at beginning ofyear 40,281 32,617
Cash and cash equivalents atend ofyear 267,147 40,281
Relating to:
Cash at bank and in hand 269,812 40,281
Bank overdrafts included in creditors
payablewithinoneyear (2,665) -

-15-

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

Charity information

Riding Lights is a private company limited by guarantee incorporated in England and Wales. The registered office is Friargate Theatre, Lower Friargate, York, YO1 9SL, UK.

1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document dated 2 June 1998, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

The company has a number of restricted income funds to account for situations where a donor requires that a donation must be spent on a particular expense or where funds have been raised for a specific purpose.

Where monies are received as a contribution towards the general costs of a specific performance or project, the money is held as restricted funds until such a time that the nominated performance or project has finished. When the performance or project has finished the monies are transferred into unrestricted funds. :

All other income funds are unrestricted unless designated by the trustees.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

-16-

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

(Continued)

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant which specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised asa liability.

Incoming resources from charitable activities comprises of income from ticket sales, memberships, theatrical services and hire of theatre space. Income is recognised on a receivable basis.

All expenditure is accounted for on an accruals basis.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust.

1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold jand and buildings Straight line over 50 years - allocated against restricted
funds
Lighting and equipment Straight line over 10 years
Fixtures and fittings Straight line over 5 years
Motorvehicles Straightlineover5years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost , comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

often

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

(Continued)

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

1 Accounting policies

(Continued)

1.13 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Donations, Gifts and legacies

Unrestricted Restricted Total Total
funds funds 2020 2019
£ £ £ £:
Donations and gifts 239,244 54,840 294,084 46,078
Legacies receivable 20,610 - 20,610 -
GiftAid
& Theatre Tax Relief		 54,548 38,490 93,038 77,437
Memberships 152,431 - 152,431 150,533
466,833 93,330 560,163 274,048
Forthe year ended 31 August 2019 264,373 9,675 274,048
Donations and gifts
Anchor Foundation - 9,200 9,200 -
Templeton Foundation - 12,300 12,300 S
Macauley 10,000 - 10,000 5,000
Feofees of St Michael Le Belfry 3,000 - 3,000 3,000
Explore York Library = - - 5,775
Dr Bayly 2,000 - 2,000 -
Emmett 1,000 - 1,000 -
Anonymous 175,000 2,040 177,040 2,700
Other 48 244 31,300 79,544 29,603
239,244 54,840 294,084 46,078

Where income has been specifically restricted to a future performance by the donor, this income is not deferred but held as a restricted fund.

The company receives donations from various organisations to financially aid the educational program and the production of specific performances. Material & selected donations are shown above.

The Charity also benefits greatly form the involvement and enthusiastic support of its volunteers, details of which are given in our annual report. In accordance with the Charities SORP, the economic contribution of general volunteers is not recognised in the accounts.

{ix

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

2 Donations, Gifts and legacies

(Continued)

Unrestricted Restricted Total Total
funds funds 2020 2019
£ £ £ £
Legacies receivable
Copeland Estate 20,610 - 20,610 -
20,610 - 20,610 -
Tax reliefs and credits receivable for core activities
GiftAid 23,177 - 23,177 34,654
Theatre Tax Relief 31,371 - 31,371 42,783
Coronavirus Job Retention Scheme - 38,490 38,490 -
54,548 38,490 93,038 77,437

3 Charitable activities

Performances Summer Total Performances Summer Total
school and 2020 school and 2019
educational educational
projects projects
2020 2020 2019 2019
£ £ £ £ £ £
Ticket Sales 22,879 5,654 28,533 35,643 49,937 85,580
Providing Theatrical
Services - - - - 14,925 14,925
Hire ofTheatre Space 4,066 - 4,066 4,561 . 4,561
Theatre School & Child
Memberships - 5,444 5,444 - 9,632 9,632
26,945 11,098 38,043 40,204 74,494 114,698

-20-

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

4 Activities to generate funds including trading operations

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2020|2019| |£|£| |Fundraising|events|480|944| |Merchandise|&|Performance|Night|Income|3,232|8,941| |Ticket Agency|579|5,137| |Activities|to|generate|funds|including|trading|operations|4,291|15,022|

----- End of picture text -----

5 Investments

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2020|2019| |E|£| |Interest|receivable|36|24| |6|Raising|funds| |2020|2019| |£|E| |Fundraising|and|publicity| |Staging|fundraising|events|861|3,965| |Other|fundraising|costs|165|1,480| |Staff costs|9,232|11,481| |Fundraising|and|publicity|10,258|16,926| |Trading|costs| |Merchandise|186|454| |10,444|17,380|

----- End of picture text -----

3.24 «.

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

7 Charitable activities

Theatrical Educational Total Theatrical Educational Total
activities and 2020 __—— activities and 2019
Summer Summer
School School
activities activities
2020 2020 2019 2019
z £ £ £ £ £
Staffcosts 39,417 15,374 54,791 36,156 17,362 53,518
Depreciation and
impairment 7,957 - 7,957 10,179 - 10,179
Production costs 35,039 11,832 46 871 78,532 13,417 91,949
Property and Venue costs 13,935 - 13,935 18,911 35,999 54,910
Insurance 15,269 - 15,269 10,876 4,660 15,536
Marketing & Promotion 4,024 - 4,024 6,865 . 6,865
Travel & Subsistance 927 35 962 4,368 965 5,333
Property Maintenance 9,806 - 9,806 7,902 - 7,902
126,374 27,241 153,615 173,789 72,403 246,192
Grant funding of activities
(see note 8) . 2,040 2,040 - 2,700 2,700
Share ofsupport costs
(see note 9) 154,748 8,145 162,893 158,287 8,331 166,618
Share ofgovernance costs
(see note 9) 13,864 729 14,593 11,795 620 12,415
294,986 38,155 333,141 343,871 84,054 427,925
Analysis by fund
Unrestricted funds 287,029 36,115 323,144 335,914 81,354 417,268
Restricted funds 7,957 2,040 9,997 7,957 2,700 10,657
294,986 38,155 333,141 343,871 84,054 427,925

aD =

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

8 Grants payable

Educational Educational
and and Summer
Summer School
School activities
activities
2020 2019
£ £
Grants to institutions:
Grants to individuals (5 grants) 2,040 2,700
(2019 - 5)
2,040 2,700

TI ‘cal aactivit Bursaries to artists to assist performance and tutoring.

Educational an mmer School activities Children's assisted places to attend summer school.

i293

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

9 Support costs
Support Governance 2020 Support Governance 2019
costs costs costs costs
£ £ £ £ F £
Staff costs 111,224 2,665 113,889 113,689 2,891 116,580
Depreciation 3,804. i 3,804 2,461 “ 2,461
Storage costs 12,052 - 12,052 11,766 . 11,766
Vehicle costs 12,208 “ 12,208 11,832 a 11,832
Printing & Stationery 3,195 - 3,195 4,309 = 4,309
Postage 4,996 : 4,996 4,459 - 4,459
Computer& IT costs 5,004 “ 5,004 6,335 6,335
Ticket Office costs 1,182 - 1,182 1,441 - 1,441
Bank & Creditcard
charges 1,967 - 1,967 2,420 - 2,420
Telecommunications 3,116 - 3,116 2,749 = 2,749
Sundry Expenses 4,145 - 4,145 5,157 + 5,157
Audit fees - 2,250 2,250 4 2,250 2,250
Accountancy - 4,750 4,750 - 2,694 2,694
Legal and professional - - - - 176 176
Health & Safety - 224 224 - 311 311
Bookkeeping - 4,704 4,704 - 4,093 4,093
162,893 14,593 177,486 166,618 12,415 179,033
Analysed between
Charitableactivities 162,893 14,593 177,486 166,618 12,415 179,033

Governance costs includes payments to the independent examiner of £2,250 (2019£2,250) for independent examination and £4,750 (2019- £2,694) for other services.

mo ANs

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

10 Trustees

An exception has been granted by the Charity Commission allowing certain trustees & directors to receive remuneration, on a commercial basis, for the roles they perform as follows:

P Burbridge

Salary £30,196 (2019- £30,196) Pension contributions £3,565 (2019- £3,565)

S Cavanagh

Salary £6,497 (2019- £7,301) Pension contributions £804 (2019- £804)

B Burbridge Salary £6,766 (2019- £23,746) Pension contributions Enil (2019- £nil)

The amount of remuneration paid to the individuals concerned is decided upon and approved by the board of trustees.

The following transactions were undertaken with Mr S Cavanagh, who is a trustee & director of the company:

Purchases of goods, services and reimbursement of expenses Enil (2019 - £3,041).

Amounts owed at year end Enil (2019 - Enil).

The following transactions were undertaken with Mr P A Burbridge, who is a director of the company: Purchase of services & reimbursement of expenses £1,644 (2019 - £1,168).

Amounts owed at year end Enil (2019 - Enil).

The following transactions were undertaken with Mrs B Burbridge, who is a director of the company: Purchase of services & reimbursement of expenses £829 (2019 - £918). Amounts owed at year end Enil (2019 - Enil).

All transactions were undertaken under normal commercial terms and rates.

Trustees of the charity are covered by a 'Directors and Officers' liability policy.

11 Employees

|

The average monthly number of employees during the year was:

2020 2019
Number Number
8 9
Employment costs 2020 2019
£ £

=,25'=

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

----- Start of picture text -----
11. Employees
----- End of picture text -----

(Continued)

Wages and salaries 162,342 167,975
Social security costs 8,075 8,507
Other pension costs 7,495 5,097
177,912 181,579

No employees received benefits of more than £60,000

The trust received £38,490 from the Coronvirus Job Retention Scheme to help pay its furloughed employees.

12 Taxation

The company is a registered charity and on the basis of these financial statements no provision has been made for corporation tax.

13 Transfers

Transfers between unrestricted and restricted funds represent the amounts received during the year for specific performances or projects which had been completed during the year. These restricted funds received for such projects are then deemed to be unrestricted.

14 Tangible fixed assets

Tangible fixed assets
Freehold land Lighting and Fixtures andMotor vehicles Total
and buildings equipment fittings
£ £ £ £ £
Cost
At
1 September 2019		 420,958 40,490 42,818 24,946 529,212
At 31 August 2020 420,958 40,490 42,818 24,946 529,212
Depreciation and impairment
At1September 2019 166,342 34,833 40,995 22,116 264,286
Depreciation charged in the year 7,957 1,581 833 1,390 11,761
At 31 August 2020 174,299 36,414 41,828 23,506 276,047
Carrying amount
At 31 August 2020 246,659 4,076 990 1,440 253,165
At31August2019 254,616 5,657 1,823 2,830 264,926

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

14 Tangible fixed assets

(Continued)

An impairment review of the charity's fixed assets has been undertaken. The net realisable value of the assets concerned has been assessed by estimating their market value. Their value in use has been determined by evaluating present value of the future benefits expected to arise from the continued use of the assets concerned.

The board is satisfied that the values that have been assessed are greater than or equal to their net book values and as such no impairment adjustments are required.

15 Stocks

.

15 Stocks
2020 2019
£ £
Finished goods and goods for resale 500 500
16 Debtors
2020 2019
Amounts falling due within one year: £ £
Trade debtors 9,867 7,434
Other debtors 62,274 53,146
Prepayments and accrued income 2,150 4,264
74,291 64,844
17 Loans and overdrafts
2020 2019
£ £
Bank overdrafts 2,665 -
Payable within one year 2,665 -
18 Other creditors falling due within one year
2020 2019
£ £
Trade creditors 5,980 41,978
Other creditors 811 627
Accruals and deferred income 12,175 6,384
18,966 48,989

ee ae

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

19 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £7,495 (2019 - £5,097).

3G =

|o
Ee
rr
0)
ps
|
©
z
—
Oo
a|a
Ww
=)
z
ke
z
[e)
O
—
”
>
z
:
:
fe
lu
:
E
P<9 ~
Ee 9
E 3
qe
—_=
©
oO Q
z
< WW
Q
z
fs
ly
wk
<=
Ee
>
=
re Ww
oe
2”
i w
Ee
2
je)|0
Ss
2
3
o
o
;
=
S
B
ec
:|—
.
sEBY
8 '8
,«
abe
8 888
|&|
a)
63
4
moO 7
Ss
°
sc
g o8A
i
iS
aS
N+
| &
Fl
Ws)
a
Cod
Be oN
DF ee
8
a
Oo
=
re)
[hm
|
Q
a
o
3
a
S
S
re
i
te
—
:
EF
a=
2
mae
%
>
Es
fF
233
“
‘'S1:e
6
BSS
[o) cee
So
es
a
= 26
NX
og
RF
mo
2 Be
o
ati
X|
fr)
£ ox
~
N@
o
ad
ov?
8 |g
|
q
§
~
i=
>
2g
ne)
Ee
SESSSS
iis il
Ee
93
NSBSRSaP |&
§
8 8
oo eeata oe as ll
oo
28
iN
oO
72)
t=
°
°
e
:
e
a oO
a
m
£
¢
5
225
N
Pere ls
5
sas
.
oe
5
88
a
| N
rm
ao
os)
| 3
:
3
ap)
:
8
ees
—
ry
2 ©
rFirooso'
| a
wee
om omem mo)
e m
|
> G25
AtOER
ea)
3
338
a
St
Uv
53%
er
N
= =e?
~~
a
®
oe
x
S
9
Epeg
wi
3
oc
"mooo!
!
EES
KaSSs
|
D
oo2
~wOMNM-M
§
|
a Ee
LBs
5
|
z
at
| o
|
6
6s
—
©
a
S5pewW
torr!
925
©
“
D
QEN
A ©
om
zg
Es
cat sé
a
2
ao
+
ry
a
0
@
=
©
fe
fs)
3
Ba
:
2
E
2
E
:
D
°
®
ne]
3
3
:
&
5
®
o
o
Ee
£
-
3
Oo
x<
Y
®
Oo
=
£
=
°
pa
ec
o=
6
Se
oS
“sé
o2
8
o 2
& ®
2
2
a.
2
Bc essss
«
Pad
Zo
753588
&§
Tacez2s
:
REEBS
=
OR2SEELS
SSSERBRB
SGou~Eece
:
a8 Sees
Cc
E®e EoQER
Fe
SstzEsss
¥<ubuatno|32
SEE
pee
oxo
aa
sese
S25R
aoe
S
e
258%
ise
size
Trae
sere
pgse
Bee
52 oo
~88
§Sezae
£3a%
S3 6
$302
oto
Ses
2658
£58.
e2 3
oo
o
eae
esc
Se
5
2986
qgo°e
si25
aes
ogcs
-£a9
ca23
oe Sk
ZogZs
S230
egee
ar =
8525
e326
peee
n
Qa.tF
ce 2x
Ssgt
o e s
B8e23
Boaps
rs)
seek
3
27a
2583
e<2o
Spee
Seg,
I58e
Dg—s
Em.
ea ey
ras
56.
a
© So o
5
2
sake
avec
was
a oe
= 22S
Bea8
-
=
a]
sass
Zo
cosa
eee
&
cous
oo o
so Re
SQ
eh
oo §
eseeo
£ges
~=2#S8a
S220
zee
Bese
5322
B
2252
Sages
neo 8
Seog
oees
eo
ofs®
ERSe
Ages
eos|3
3
_
2
5
2
=
5
9
2
3
2
EB
3
z
S
35
8
2
-
3
&
=
5
=
$ 2
e
§
©
=>
2
2
3
3
&
Qa
3
e
og
s&s
‘°
=
2
:
=
3
&
&
2
4%
®
8
a
a
®
o
DB
f&
é
wo
§
:
~
$ 8
z
8
2
8
2
=
o
8
&
SéE
28
o*§
s
se
BS
F
Fo
~o
- £
gF
ES
a5
in|E
>
@
$8
$ E
3
:
3
:
8
=
:
@
=
<
>
G
g
:
i)
“
-
-
:
i
5
c
£
°
a
5
s
[e)
.
:
e
5
a
3
is
E
5
2
8
D
:
5
8
3
e
2
=
E
5
9
3
He
3
i
2
>
£O
z §
ie
Ay
© 5
ee
Fg
ge
3 ®
gE
22
ac
9 2
$s
28
so
ag
8
Bo
3
o
8E
95s
$3
Be
c
o>
g
98
23
= ®|z
F
i
§
>
=
3
:
E
=
:
|
8
:
2
2
|
8
|
5
Ee
®
E
g
2
fab)
F
eE
:
e
&
=
=
G
5
<
:
—
3
E
:
3
:
:
c
3
=
é
:
5
S
B
£
=
5
fo)
2
=
—
&
:
(=
‘6
c
eS
ES
es
‘se
26
=e
e3
8
$e
#£E
25
si
es
vD
Soa
gS
=
Ee
5
3
>5
83
fs
22
—||
||||||R
"| |---|---|---|---|---|---|---|---|---|---|---|---|

P| °

= 2 [| [= 9 8 5 oO a 2 g 2 CG o € ® g @ o @ ” 2 = 2)4 S 3 3 ) a g a 8 | = 2 3 5 = 53 DO ® Q& ° 2 be]8 2 § ra wo @ 2B = a Ss 2 (7) co] B=} Oo ray q 3 Wu a oO Ss & a Zz 32 £D E s § fe)= og8 O weo 866CF a~~)2s 2825So2=w uw § =kul gaog ¢€= = w os 3 » a @ a4Ee Oo& SE2aco£2¢€oso ra $26 97 oeo 2§ a oF «= 2uy 2 8B on- £2& Ww 3 ~3go §2 wu & (=| bd cwGe&) se 2oOo § OI rw; gy #8&. o o~| 3s 88 & 7)rH) esKi Ss2a2 4 ee - fue A & x 22 e

RIDING LIGHTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

21 + Analysis of netassets between funds Analysis of netassets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
£ £ £ ra £ g
Fund balances at 31
August 2020 are
represented by:
Tangible assets 222,845 30,320 253,165 226,649 38,277 264,926
Current assets/
(liabilities) 277,412 43,600 321,012 50,303 : 50,303
500,257 73,920 574,177 276,952 38,277 315,229
22 ~+Related party transactions
Remuneration ofkey management personnel
The remuneration of key management personnel is as follows.
2020 2019
£ £
Aggregate compensation 68,760 78,780
23 Cash generated from operations 2020 2019
£ £
Surplus/(deficit) forthe year 258,948 (41,513)
Adjustments for:
Investment income recognised in statement offinancial activities (36) (24)
Depreciation and impairment of tangible fixed assets 11,761 12,640
Movements in working capital:
(Increase)/decrease in debtors (9,447) 5,188
(Decrease)/increase in creditors (34,396) 31,925
Cash generated from operations 226,830 8,216
24 Analysis ofchanges in netfunds
Thecharityhadnodebtduring theyear.

34 -