REGISTERED COMPANY NUMBER: 03615141 (England Wales) RF.GISTF_RED CHARITY NUMBER.. 11171443 REPORT OTr 'fHF. TRUSTLES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR KID7. R US COMMUNITY PROJECT TC Group The Old Carriage Workg Moresk Road Truro Cornwall TRI IDG KID7, R US COMMUNITY PROJECT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Truslee$ Independent Examlner's Report Statement of Flnancl#l Aetlvitlei BAlince Sheet Notes lo the Flnancl41 Statements 8 10 15 Detallcd Statement of Flnanclal Actlvltles 16 10 17 KIDZ R US COMMUNITY PROJF.CT REPORT OF THE TR ISTEE.S FOR THE YEAR ENDED 31 MARCH 2024 The ttustees who are also diTCCtor5 of the charity for the purposes ofthe Companics A¢t 2006. preseni their report with the financial staiements of the charity for the year end¢d 31 Match 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitie5.' Statemcnt of Recommended Practice applicable to charities preparing their accounts in &ccordance with ihe Financial Rcporting Sondard applicable in the UK and Republic of Ireland (PRS I O?) (eff¢¢tiv¢ l January 2019). OWECTIVES AP*'D ACTIVI'fIES ChArit&ble purpose The Primary object of the charity is the study and perfomiancc of the arts musie, drama and dance by young people also the encouragement of public appreciation of those art4. The Tnjstees arc granted wide powers to achicvc these objectives which set out in the governing document. Inter 21tk, these relatc to productions, equipment, buildings. fund-raising and appointment of staff. AIMS and Intended Imp*¢t The aims of Kidz R Us Comrnunity Project are io.. l. Be a centre of excellenee for musical lheat￿, 2. Be¢ome the l¢ading ccnire of opporlunily in Cornwall for young people's crealiv¢ developmeni through the perforniing arts. 3. Improve ¢Oniinuously ihe quality and professionali8m of Ihe organisalion. The organisation exisls to provide real and appreciable benefit to the communily by developin¥ skills and increasing ¢onfid¢nc¢ und maturily in young peoplc: providill&¥ volunicering opportunilics that are beneficial in the persoiial development of volunlecrs a5 well as the yUun￿l people: and to provide year- round eniertainmenl for th¢ rcsidLni and visiling population of West Comwall. Objectives for the Y¢ar The obj¢¢iiv¢s for the year 2023 - 2024 wcrc to consolidatc the cxisiing work of the theatre group and to explore new avenueg in fijifilment of the aims of thc organisatton, specifically to: I, C'onsolidate and increase the opportunitieg for youns people and adults from all backgrounds to participaie in the highest quality perfoTman¢es. 2. Appoint professional dir¢ciorldir¢ciors and administrators to al￿direc￿manage our business and Ihrc¢ 8nnual Shows with a view to inereasing thc profe54ionalism of thc pruduetions. 3. Enguge creative profesyionals and provide m¢mbers with access to skills and cxp¢ri¢nce that may not oihcnvis¢ b¢ available to them. 4. Consolidate our corc activities and co build on our reputation as a ccntre of excellcn¢¢ for musical theatre. 5. Ove￿ee and manage the redevelopmcnt of th¢ theatrc building ￿nded by a grant of £1.477,000 from the Si Ives Town Deal 6. Update our technologies lo improve the quality of perfom&nces and customer ¢xperience while supporting our SU51ainability objectives 7. Train and develop our people in all areas of Ihealr¢ produeiion and ensure we maintain high levels of 8afegwarding for ull participanls. Strategles to Achieve the YeAr's ObJcttlve$ Following a $ucce$8ful application and confirn)ation of funding from The St Ives Town Deal the theatre ¢lo%ed its doors in January 2024 10 allow for the commen¢em¢nt of Si￿1r1can( refurbishment work5. In addition to our core slralegy of delivering a program ofsuccessful shows a ¥reat deal of work was undenaken during the period to ensure th¢ nece$8ary operaliona] and budgetary plans wert in pla¢¢ to initiate the refurbishment, Page I KIDZ R US COMMUNITY PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AII'D ACTIVITIES Princlpal Actlvltles of the Year Our principal activities were lo perfonn 2 musicals and a Christmas paniomim¢ which was achieved. Subscription membership has increased 35 young pcople to 52 this last 12 months. In addition to our usual #¢livities the theatre will be ¢10s¢d from January 2024 for a period of 14 Months for the refurbishment of sttu¢Nral elements of thc buildinE along with the reconflguration of certain elements of the interior and for the ¢onstruction of an extension to the west elevatton. The aim of which is to secure the long-tem) viability of the building and th¢itre group. Oivn Produ¢tions And Inltlatlves Kidz R Us Community Project prcs¢nted four major productions this year. We produced Annie for our younger Group and Les Mis for our tsldcr group and Disn¢y Frozen at Christmab which was very popular with cast and audienccs alike and involved both thc older and young¢r groups, Wc also pul on our annual fundraisingi event Kidz in concert in r)ccember. Workshops & Audltlons We welcomed InHny new Members thi5 year and put on a Frozen WOTkshop which attrncted n¢w inembers. Repairs and Improvement In January 2024, a significant refurbishment of the theatre commenced with a plan to re-open by East¢r 2025. This include% repairs to the roof and ILS supporting StruC￿re, a reconfi¥uration of certain interioT facilities and orrices, the consirucLion of a café on Ihc we$t ¢]¢￿.￿1]￿n. a new auditorium c¢ilin¥. a new venlilation and heating system, redecorating and ihc installation of new carp¢i8. Volunteerln¥ Kidz R Us c.ommunity Project 1$ only able io fvn¢iion effectively bccause of ihe dcdication of num¢rous volunteers who bvive freely of thcir time and 8kills to suppori ihc work of the charity and ihe younb people il exists to serve, This year, over l 00 voluntcers have &7iven &?en¢rously of their time. contributin¥ hours of work to the orkianisation. Publlc benefli ID planning oiir activitics for the year, the Trusiees kept in mind the Charity Commission's (iuidance on Publi¢ Benefit. Training for young people through productions. concerts, classes, and workshops was designed to improve self-confidence, teamwork. and %ocial skills as well as the discipline of learning pr&¢tical stagecraft. Also, by engaging 100 volunteers, we creating a community which offers purpose, companionship, teamwork, 8nd support to individuals including, single parents, and those who live alone. Inve$tment Performance Agalnst Objectlves Thc Trustees may make any kind of inve4tment which they could make if they were absolutcly eniitled to th¢ assets of the charity. In excrcisinE the power of investment confcrrcd upon them, the Trustees must have regard to.. l. The suitabiliiy to the charity of investm¢nts of the same kind as any particular investment proposed to be made or retained And of that particular InVe￿tMent ab an investment of ihat kind. 2. The need for divcrsification of invesimcnls of the charity, in sts far as appropriate to the Circumstances of the charity. The current policy of the Tru5te¢s is to keep their reserves on short lerni deposil and then apply them to the purposes ftsr which they are int¢nded. Page 2 KIDZ R US COMMUNITY PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Financial Revl¢w And Re5uIt5 for the Year al The trustees do not belicve thai #ny material difference between the book valu¢$ Lnd actual values of assets which may exist has any material effect on the ongoing activities of the Trust. b) The detailed results are set out on the attached document and show net incomel[expenditurel for the yeaT ending March 2024 c) Tkn¢ Trnstees ¢onfirn the availability of assets to fulfil the obligations of ihe charity Without recourse io borrowing. d) The Trustees thank all the many donor5 who have supported Kidz R Us Community Proj¢ct throughout the year, thosc who made CTift Aid donations. Without funds raised in that way. we would be able to do consider#bly less for the yowig people of the area. Reserves pollcy All the chdrity's incoine has been used in pursuance of its objectives as sel out above. The Trustees wek sutTi¢ient cash rcservc8 lo fund thc ongoing malntenance af Kidz R Us Cominunity Prajeci tsnd ￿nd ongoing productions for the ensuing year 10 Salisfy the objeeiives of the charity. The policy on rcserves is reviewed each year. The ac￿al free reseTh'cs Ith&l is those fvnds not tied up in fixed ass¢is and restricted fund5) on 31 sl March 2024 amounted 10 £188.910. FUTURE PI.ANS In 2024-2025 we plan lo reupen the theatre following ihe r¢fvrbishmeni continue with ihe corc aciivilies of Kidx R Us Communily PTOjL¢t of dcvcloping tlie skills of young pcrfornieTS and crcating musical perfomances of the hi&ihe8t qualiry. STRUCTURE, GOVERNANCE AND MANAGEMENT Governin&¥ document Kid7. R Ug C.onimuniry Projcct 1% a ¢haritable triist and a company limited by ¥uardntee, not having a share capiial, The chariry IS bToverned by a Memorandum and Anicle5 of assoLialion, re&T19tered by th¢ Charities Commission OD 13th Augusi 1998 and amended on 26th November 2008. The charity is governed by a board of Tftisiccs, appointed by the existing Tru5te¢$ on an open-ended tenure. An Annu&l General Mee(ing is held between November and January ev¢ry year. Thcrc are no sllbordinate managerial committees. Re¢rultment and appolntment of trvstecs TruEte¢s are sought wh(F%e expertise and experience are relevAnt to the work of the charity and ctsmplement the skills of the existing Trust¢¢s. The appointmcni of a Trus1¢¢ 15 made &t a Trnstees, meeting. Trustce5 are given copies of the Charity Commi54ioD publication.. "Responsibilities of Charity Trnslecs" The charity's governing documenis, ils ccounts, and minut¢s of reccnt meetings,. they are th¢n given a tour of th¢ preini5es and meet the management team. Organlsatlon The Trusteeq formulate policy and manage the operational control. Rlsk management The TTuslces have P¢5scssed ihe major risks to which the charity is exposed, in particular ihoqe relating lo ils finances and operaiions (including hepdlih and 5afcty issue5} and they are satisfied that.%ystems arc in place lo milig&te the Trust's exposure to such riskq. RF.FERENCE AN'D ADMINISTRATIVE DETAILS Registered Company number 03615141 (England and Wales) Reglstered Charlty number 1071443 Page 3 kll)/. R 1".% C.'l)II Illl':N'l J'I. PRO,IF.C.'I' LPOR'I. l)R"fHE I'E.4R Tr'N'DkD 31 ,v..IR(.'112024 Rtgi.¥ier¢d i)ftk't e()mii'all 'I'R26 IQ(i -rr￿$t*£$ 1> A Harnetl IrL'sisned 2Ciiffji*Qry.11 'I' Ci¢Ulfl¢ li¢siAtned 111712112) I J FIuLkiiig A Kl Akiii A S W.ITtI M J l.lill irt'¥i&nkd I In120231 .% L. l.l(>ok Ir¥si&Triicd 71¥120?.31 l) %iriikliirid lapiYJllJted 8181211231 11.1 SiiJbb5 181)piiiIilLd 7ts12ll2il Mr I l)enriL I"(-.A I'(. (iroijp 'Ih¢ l)l(l (,arriat4¢ Mltsrk) N4(YT¥%k 'IRI IDCI Sollti¢or5 CV(.' Stslieitiir% D Si IvL% Ilu%itiL%.8 ljnrk PLI)bi:' Appffived b). ordcj. of the tyJ#rd L>l'truste¢s on ............, )d si8llLd on iLg b¥liDlt' l?y.' % J Ho¢king -TTllSt¢L INDEPENDENT EXAMINER'S REPORT TO THF. TRUSTF.F.S OF KIDZ R US COMMbTrllTY PROJEcr I report to the trustees on my examination of the financial ststeTnEnts Kid¥. R Us Communtty Proj¢ct (the charity) for the year ended 31" M4,585 74.(162 215.79) 74.K162 290.75-: 4i.O05 C'RI'DI'I'URS Aiiinuiii.s l£illing dts¢ ii'ilhiii onLi ¥¢#r (26.8116) {?{).81161 12.4r re(iuii'ed ihe L()mpani' i() i>btain an uiidit i)I' 11.5 linaniiAI $I￿le])¢,r1I.￿ tor th¢ vnJ#(I J l Mur¥li 2(p24 iii aiLordHnb¥ %i'iih SLLliOm 476 1)I'ihi C'c)nipalliL%..lol 2UOts. 'rhL Irii4iL'L4 ￿Lki1()IvIe.d￿￿ tliiir rL%ponstbililies l¢)r In relaiiJ)s lo finnNial $14i¢mLtits. s¢) liir Mppli('.dbl¢ Io TIK. ¢liurii*bl¢ iompani.. -I'li¥%i fiAaii¢ial %iJtklf¥iits hJi'¢ ￿￿)1 prepa￿d tn acLordJn¥L i¥iEh the prr>vasinns %ippliLal)l¢ 1<1 Lh￿l￿ble Cfiinry¥iies subjcLI in rhe.small ¢ump4ni¥S TL¥im¢. The liridiici*I si#l¢ll)enis i%tyre APPA)%&yJ bi, lh¢ FJr)ard of TftJ%iL*'8 Lwd aiJihi)rt5Ld fETrr lid K4'erc sigiiKd oti it5 bdTall-bi': IssitL 011 % J Ilo¥kTI)&- TntstLL' -I'ht Ixite% forffl part of these finaT)Littl stLteM)ents P8&¢. 7 KIDZ R US COMMUNITY PROJECT NOTES TO THE FlTr*ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of pr¢parSng the fin4ncial $tatementS The finan¢io1 statements of rh¢ charitable company, whi¢h is a public benefit ¢nTity under FRS 102, have been prepared in accordance with the Charities SO]IP (FRS 102) 'Accounting and Reporting by Charities.. Statem¢nt of Recommended Pra¢tice applicable to charities preparing their aecounts in accoTdance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 10?) (effective l January 2019),, FinAn¢iAI Reporting Standard 102 'The Financial Reporting Standard applieable in the UK and Republi¢ of Ireland, and the Comp2nie5 Act 2006. The financial statcmcnts have been prepared under the bisiorical cost convention. Income All income is recogniyed in thc Statetnent of Financial Activities once tb¢ charity has entitlcmcnt to th¢ fuDds, it is probable that the income will be reeeived and th¢ amouni can be measured reliably. Expendlture Liabilities are recognised ￿ expenditure as soon as there is a legal or conslruetive obligation committing the charity to thal expcnditure, il is probable ihal a transfer of economic ben¢fils will be Tequired in settlement and Ihe amouiit of ihc obligation can be measur¢d r¢liably. r.Kpendi￿re is accounted for on r4n uccrnals basis and has been ¢la%sified undeT headings thai aggregate all cost rela*d to the eategory. Where cosis cannot be directly #llribEil¢d to p&rtt¢ular hcadingis they have been allocated to activities on a basi5 Consistent with the use of resuiir¢e8. Tan¥lble flxed asseis DeprcciJtion is provided &1 ihe followin¥ annual rates in ord¢r lo write off cach asset over itg e91imaied u8eful Freehold property ixtures and fittln&TS 21/0 on c04t 20Q/o on cost and IOU/D on cost T#x#tlon The charity is exempt from corporation tsx on its charitable activities. Fund actountlng Unrestricted funds ¢#n be used in accordan¢e with the charitable obj¢ctives at the discretion of the m]st¢¢s. Restricted fundq can only be used for particular regtricted purposes wiihin the objects of the charity. R¢strictions arise when specified by the donur or when funds are roiscd for particular restri¢t¢d purposes. Further explanation of the Thature and purpose of ¢&¢h fund is included in the not¢s to the financial statements. Hlre purchase and leasing commltments Rentals paid uiider oper&ling Ic25C5 are charged to the Siatemenl of Financial Acttvities on a gtraight line basis over the period of th¢ lease. Pension eost$ other post-retlrement benefits The charilable company operates a defined contribution pension sch¢mc. Contributions payable lo th¢ charitable company's pension scheme are ¢l)arg¢d to the Statement of Finhncial Activilies in the period io which Ihey relate. Page 8 continued... KID7. R US COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DONATION% AND LEGACIF.S 2024 2023 Donations and 9pon$orship GranLs Subscriptions 12,840 10,372 19,564 24.963 1.125 42,776 Grdnts received. included in thc above, are as follows.. 2024 2023 Comwgll Coun¢il Groundwork UK 9,997 375 1,125 10.372 OTHER TRADING ACTIVITIES 2024 2023 Other tTadin¥ incom¢ 34.667 49,647 Il¥VES'fME￿T INCOME 2024 20?3 Interest re¢civable 463 150 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Theatrical produclion4 Theatrical productions Theatrical prodLlCtions The&Lrical productions Box orrice and programmes Thedtre lax relicr Premises hirc Equipment hirc 105,618 11.150 227 1.225 177,983 1.15b 1,970 4.828 118220 1 85.937 Page 9 ontinued... KIDZ R US COMMUNITY PROJECT NOTES TO THE FI￿,ANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNDS Other trading &ctivities 2024 20?3 Purchases 100 Club Other fund raising costs 1,420 23,053 1.440 14,732 7,627 9,047 39.225 CHARTTABLE ACTIVITIES COSTS Direct Costs (see note 8) Support colts (see note 9) Totals Theathcal productions 107,497 56,429 163 9?6 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Tru%lees' expcnscs SIoTage cos15 Costs of performE4nces Wurkshop und wurdrobe D¢pr¢cÉalion 24 9.744 95,495 1.678 556 50 9,145 88,878 31,479 5.748 107,497 135.300 SUPPORT COSTS Inforniation lechnology Governance costs Management Fin&n¢e Totals Theairi¢al produciions 48,684 1,262 2.055 4,428 56.429 Support co$ts, included in the above, are as folltsws.. 2024 Th¢atrieal PToductions 2023 Total activities Wages Pensions Otlicr operating l¢ase5 W&ter ehaTge5 Liccnccs and insurance Light, heat and telephone Postage and 5tationcry Marketing and advert15ing Sundries Repairs, cleaning and maintenance Travel and accommodation 16,686 234 8,664 1,124 5,827 12,107 2.535 542 600 365 2,034 5,741 13,622 519 1,596 16,545 20,594 276 Carried forward 48,684 60,927 Page10 continued... KJDZ R US COMMUNITY PRO ECT NOTES TO THE FINANCEAL STATEMETrITS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS - continued 2024 Theatrical prodiictions 2023 Totsl a¢tivities Brought forward Bank charge5 Computer ¢osts Independ¢nt examiner'5 fees 48,684 1,262 2,055 60.927 2,?S I 56.429 66,966 10. OTHER 2024 2023 Lo$1 on sale of 8S9et8 NET INCOMEI(EXPENDITURE) Net incomel(exp¢ndElurel is srated after charging/(¢redilingl'. 2024 2023 Depreciation QWDed a8seÉs Other operating leases Deficit on disposal of fixed assets 556 18.408 116.918 5.748 9.145 12. TRUSTEES, REMUNERATION AND BENEFITS Therc were no tNstee8' remuneration or other benefits for the ye•r ended 31 March 2024 nor for the yeai ended 31 M8r¢h 2023. Tru¥tees' expen$e8 2024 2023 Trustees, expenses 50 13. STAFF COSTS 2024 2023 Wages and %alarics Other pension Losts 16,686 234 The average tnonthly number of employees during the year was as follows.. 2024 2023 No employ¢¢s r¢ceived ¢molum¢nls in ¢xce8s of £60,000. Pagell continued. KID7. R US commu￿,￿Ty PROJF.CT NOTES TO THE filNANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 21124 14. COMPARATIVE.8 FOR THE STA TEMENT OF FINANCIAL ACTWITIES Unrestricted funds R¢strict¢d Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 27,646 27,646 Ch*rituble actlvltles Theatrical productions 185.937 185,937 Other tr￿Ing activiti¢s Inveslinent iticomc 49,647 150 49,647 150 Total 263.380 263.380 EXPENDI'fuRE ON Raising funds 39.225 39,225 Charltable a¢tlvltles Theatrical produ¢iion5 202.266 202.266 Total 241.491 241,491 NET INCOME 21,889 21,889 RECONCILIATTON OF FUNDS Total funds broughi forward 281,252 74,962 356,214 TO'fAL FUNDS CARIUED FORWARD 303 141 378 103 15. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Computer equipment Totals COST Al l April 2023 Addstions Disp05als 163,750 152,935 316.685 390 139,187) 390 139.187) At 31 March 2024 24,563 152 935 390 177 888 DEPRECIA TION At l April 2023 Charge for year Elirninaled on di8po$al 26.200 491 22,270) 152,935 179,135 556 22,270} 65 At 31 March 2024 152935 65 1574?1 NET BOOK VAI,UE At 31 March 2024 20,142 325 20,467 At 31 March 2023 137.550 137,550 Page 12 contÉnued... iaD7. R US COMMUNITY PROJECT NOTES TO THE FINALNCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS.. AMOUNT% FAI.I.INC DUE WITHIN ONE YEAR 2024 2023 TTade debtor5 Amounts owed by group undertakings Other debtor Prepaymenty 500 189.159 11,150 14,934 145,614 1,156 1.650 215.743 148,420 17. CREDITORS: AMOUNTS FALLIYG DUE WITHIN ONE YEAR 2024 ?023 Bank loans and overdrafts (See note 181 Other crcdiiors A¢cruals and dcferred income A¢cnicd exp¢nseq 23,769 575 142 18. LOANS An analysis of the marnrity of loan$ 1$ given bclow: 2024 2023 Amounrs falling due within one year on demand.. Bank oveTdTafts 19. MOVEMENT IN FUNDS Net movement in funds Transfers between nds At 3113124 Al 114123 Unrestrlcted funds General fiind Fixed ats￿ res¢rve 165.591 137,550 23,709 117.4741 (390) 390 1118.910 20.466 303,141 (93,765) 209,376 Restrleted fund$ Backpackers Hosl¢l 74,962 74,962 TOTAL FUNDS 378.103 93,765) 284,338 Pagc l) continued... KIDZ R US COMMUNITY PROJEC NOTES TO THE FINANCIAL STATEMENTS-e4ntinued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMEwf IN FUNDS - continued Nct movement in funds. included in the above are as follows.. In¢oming resources Rcsources expended Movement in ￿ndS Unre$trlcted funds General fund Fixed asset reserve 196,126 (172.417) 117,474) 23,709 1174741 196,126 289,891 93 7651 TOTAL FUNDS 196 126 289,8911 93.765) C(Jmpar*¢fves for movement In funds Nel movement ti) furtd5 Al 3113123 At 114122 Unr¢$trlcted fynd$ General fund Fixed assei reserve 137,954 143,298 27,637 165.591 137 550 281.252 21,889 303,141 Restrlcted fvnds Backpackers Hostel 74,962 74,962 TOTAL FIINDS 356,214 378.103 Coinparative nct movement in fundy, includcd in the above are as follows.. Incoming reyources Resources expcnded Movemcnt in thnd5 Unrestrleted funds General fund Fixed assei r¢s¢rv¢ 263,380 (235,743) 5.7481 27,637 263.380 241.491) TOTAL FUNDS 263 380 2414911 21,889 Page 14 continued... KIDZ R US COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDF.D 31 MARCH 2024 19. MOVEMENT IN FULNDS- eontinued A current year 12 months and prior year 12 months combiTted position is as follows.. Nct mov¢m¢nt in funds Transfers betwecn nds At 3113124 At 114122 Unrestri¢t¢d funds Genernl fimd Fixed asset rcserve 137.954 143 298 51,346 123 22?) (3901 390 188.910 281,252 (71,876) 209.376 Restrlcted funds Backpackers H05tel 74.962 74,962 TOTAL FUNDS 356.214 71,R76) 2A4,33 A ¢urrent year 12 months and prior year 12 months combined rtet mov¢m¢nt in funds, included in the above are as follows.. Incoming resources Resour¢es expcnded Movement in fiinds Unr¢stri¢ted funds (Jencral flind Fixed assci reserve 459,500 (408.160} 1 ?3 222} 123.222) 459.506 5313821 718761 TOTAL FUNDS 459.506 531382) 718761 20, RELATED PARTY DISCLOSURES The theatre premises previously belonging to Kidz R US Community Project with a n¢t book value of £116,918 wa5 transferred to St Ivcs Theatte CIC for an amount of £nil during thc period hence lh¢ loss on disposal. Kidz R Us Community Project were charged rent by St Ives Theatie CIC during the period in th¢ sum of £8,664 During the p¢riod Kidz R Us Community Project incurred costs on behalf of St Ives Theatre CIC, and the amount outstanding on the the inlercompany loan al the period end was £189,159. Page 15 KJDZ R US COMMUNITY PROJECT DETAILED STATEME,NT or FINANCIAL ACTIVITIE FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations And legaeles Donations and sponsorship Grants Subscriptions 12,840 10,372 19,564 24,963 1,125 1.558 42,776 27.646 Other tradlng octlvltles Other trading income 34,667 49.647 Invtstment Income Interest receivable 463 150 Charitable Actlvities Box offiee and programmes Theatre tax relief Pr¢mi5e$ hirc Equipment hire 105,618 177,983 1,156 1,970 4.828 227 118,220 185937 Totsl Incomlng reyour¢¢$ 196,126 263,380 EXPENDITURE Othtr tradin% acllvltles Bar eosts Mcrchandis¢ and other tradin¥ expens¢s 100 Club Other fund iaising costs 658 22,395 1,440 1,420 7,627 9.047 39,225 ChnrltAble 8cilvltles Trusl¢es' expens¢s Siorage costs Costs of perforn)an¢es Workshop and wardrobe Freehold propety Fixtures and fitting$ 24 9,744 95,495 1,678 491 65 50 9,145 88,878 31,479 3,275 107,497 135.300 Other Loss on sale of tkngible fixed assets 16,918 Support Costs Management Wages C&rri¢d forward 16.686 16.686 Thi% pag¢ does not form part of the statutory financial stat£inents Page 16 KIDZ R US COMMUNITY PROJECT DETAILED STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED JI MARCH 21124 2024 2023 Management Brought fonvard Pensions Other operating leases Water charges Licence5 and insurance Lighi. heat and telephone Postage and stationery Marketing and advertising Sundries Repairs. ¢leallin8 and maintenan¢e Travel and accommodation 16,686 234 8.664 1.124 5.827 12,107 2,535 542 600 365 2,034 5,741 13.622 519 1,596 16,545 20,594 276 48,684 60.927 Flnance Bank chargcs 1,262 393 Inform4tlon technology Compuler costs 2,055 2,281 Governance ¢oyt$ Independent examinels fee$ Total resources expended 289 891 241,491 Net (expendlture)Ilncome 93 765) This page does not forni part of the ststutory financial ststements Page 17