2023-03-31-accounts - Play to the Crowd

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

		Page
Report ofthe Trustees		1to12
Report ofthe Independent	Auditors	13to 15
Statement of Financial Activities		16
Balance Sheet		17
Cash Flow Statement		18
Notes to the Financial Statements		19to 31

			Unrestricted	Restricted	Total	Total
			funds	funds	2023	2022
		Notes	6		8	5
INCOME FROM
Grants, donations and legacies		5	356,352	159,314	515,666	763,904
Charitable activities
Chantable operations		7	1,370,832	49,175	1,420,007	918,049
Other trading activities		3&6	323,192		323,192	244,820
Investment income		4	7,096		7,096	180
Total			2,057,472	208,489	2,265,961	1,926,953
EXPENDITURE ON
Raising funds
Commercial trading operations		3&8	194,612		194,612	153,933
Charitable activities
Charitable operations		9	1,892,163	349,946	2,242,109	1,709,382
Total			2,086,775	349,946	2,436,721	1,863,315
Net income/(expenditure)			(29,303)	(141,457)	(170,760)	63,638
Transfem between funds		22
Taxation (trsding subsidiary	only)
Net movement in funds			(29,303)	(141,457)	(170,760)	63,638
RECONCILIATION OF FUNDS
Total funds brought forward			797,226	432,493	1,229,719	1,166,081
TOTAL FUNDS CARRIED FORWARD			767,923	291,036	1,058,959	1,229,719

		Group	Group	Charity	Charity
		2023	2022	2023	2022
	Notes		F
FIXEDASSETS
Tangible assets	'I6	441,084	542,648	439,081	539,869
Investments	17			1	1
		441,084	542,648	439,082	539,870
CURRENT ASSETS
Stocks	18	7,109	11,020
Debtors	19	91,679	130,604	98,855	167,245
Cash at bank and in hand		1,224,581	1,072,128	1,216,980	1,033,229
		1,323,369	1,213,752	1,315,835	1,200,474
CREDITORS
Amounts falling due within one year	20	(705,494)	(526,681)	(697,962)	(511,741)
NET CURRENT ASSETS		617,875	687,071	617,873	688,733
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,058,959	1,229,719	1,056,955	1,228,603
CREDITORS
Amounts failing due in more than one
year	21
NET ASSETS		1,058,959	1,229,719	1,056,955	1,228,603
FUNDS
Restricted funds	23	291,036	432,493	291,036	432,493
Unrestricted funds	23	767,923	797,226	765,919	796,110
TOTAL FUNDS		1,058,959	1,229,719	1,056,955	1,228,603

			Group	Group	Charity	Charity
			2023	2022	2023	2022
		Notes	8	8	E	8
Cash flows from operating	activities
Cash generated from operations		28	205,266	322,578	236,564	283,152
			205,266	322,578	236,564	283,152
Cash flows from Investing	activities
Interest received			7,096	180	7,096	180
Purchase oftangible fixed assets			(59,909)	(128,734)	(59,909)	(126,563)
Acquisition of subsidiary
Cash provided by (used in) investing		activities	(52,813)	(128,554)	(52,813)	(126,383)
Change in cash and cash equivalents		in the
reporting period			152,453	194,024	183,751	156,769
Cash and cash equivalents	atthe beginning
ofthe reporting period			1,072,128	878,104	1,033,229	876,460
Total cash atthe end ofthe year			1,224,581	1,072,128	1,216,980	'I,033,229

Improvement to properly	—20% on cost
Plant and machmery	-20% on cost
Fixtures and fittings	-20% on cost
Computer equipment	-20% on cost

							2023	2022
							8	8
Turnover							235,844	162,124
Cost ofsales and administrative				expenses			(196,033)	(155,983)
Profit before tax							39,811	6,141
Corporation tax
Profit after tax							39,811	6,141
Profits distributed	to the	charity					(38,923)
Retained in subsidiary							888	6,141
The assets and liabilities			ofthe	subsidiary	were:
Fixed assets							2,003	2,779
Current assets							7,533	13,278
Current liabilities							(7,532)	(14,940)
Net assets							2,005	1,'l17
Aggregate share	capital	and reserves					2,005	1,117
INVESTMENT INCOME
							2023	2022
Deposit account	interest						7,096	180
All investment income is		derived		from cash	deposits	held within the United	Kingdom.
GRANTS, DONATIONS		AND LEGACIES
							2023	2022
							8	8
Donations							40,099	59,302
Grants							332,114	616,737
Restoration 8 maintenance			levy				143,453	87,865
							515,666	763,904

Grants received, include	d in the above,	are as fo	llows:
					2023	2022
Winchester City Council	Grants				182,600	204,972
Arts Council of England					136,627	136,827
Winchester BID					3,600	1,500
UK Theatres Trust						20,000
Secretary ofState for Work and Pensions						12,563
Culture Ireland					9,287
Job Retention Scheme						21,061
DCMS Resources						219,134
Other grants						880
					332,114	616,737
OTHER TRADING ACTIVITIES
					2023	2022
					5	8
Front of house ancillary	sales
including Trade tothe	Crowd's trading	operation	(see note 3)		323,192	244,820
INCOME FROM CHARITABLE ACTIVITIES
			Unrestricted	Restricted	Totals	2022
			f			5
Ticket sales			1,201,146		1,201,146	786,569
Haffair other income			4,495	49,175	53,670	50,390
Education income			20,489		20,489	14,800
University ofWinchester	Investment		42,500		42,500	15,000
Venue hire			66,949		66,949	5,966
Individual memberships			10,792		10,792	7,693
Corporate support			6,333		6,333	16,000
Theatre tax relief			2,203		2,203	20,000
Other income			15,925		15,925	1,631
			1,370,832	49,175	1,420,007	918,049
COMMERCIAL TRADING OPERATIONS
Other trading activities
					2023	2022
Front ofhouse ancillary	cost ofsales
including Trade to the	Crowd's trading	operation	(see note 3)		194,612	153,933

				Direct	Support
				expenditure	costs	Total	Total
				(see note 10)	(see note 11)	2023	2022
						8
Charitable	Operations			1,159,400	1,082,709	2,242,109	1,709,382
				1,159,400	1,082,709	2,242,109	1,709,382
DIRECT COSTS			OF CHARITABLE ACTIVITIES
						2023	2022
							8
Production	costs					779,186	493,978
Haffair production			costs			249,322	161,311
Education workshops				and performances		6,645	25,661
Marketing						55,625	49,362
BoxofIice costs						68,622	48,193
						1,159,400	778,503
SUPPORT	COSTS
				Management	Finance	Governance	Totals
				8	E		8
Charitable	Operations			913,717	160,895	8,297	1,082,709
				913,717	160,695	8,297	1,082,709
						2023	2022
Management							8
Wages						579,451	499,168
Social security						48,853	43,517
Pensions						12,262	11,220
Insurance						19,030	13,582
Light and heat						88,111	53,058
Telephone						4,764	3,880
Postage and		stationery				14,021	14,356
Sundries						28,133	31,442
Travel expanses						628	206
Cleaning						7,983	7,230
Repairs and		maintenance				103,797	48,429
Consultancy						10,432	20,420
Training						5,834	5,073
Recruitment						985	6,547
Subscriptions						4,653	3,055
Bad debts						222	303
Recoverable		VAT				(21,466)	2,863
ITcosts						6,024
						913,717	764,349

Finance					2023	2022
					Charitable	Total
					Operations	Activities
					6
Depreciation		oftangible	fixed assets		160,695	158,148
Loss on sale		oftangible	fixed assets			0
					160,695	158,148
Governance		costs			2023	2022
					Charitable	Total
					Operations	Activities
					6	6
Auditors remuneration					6,370	5,838
Accounting	fees				1,514	2,136
Bank charges					413	4D8
					8,297	8,382
NET INCOMEI(EXPENDITURE)				-GROUP
Net resources		are stated	after charging:
					2023	2022
Auditors' remuneration					6,370	5,838
Depreciation		- owned assets			161,473	158,748
Deficit on disposal offixed assets

		2023	2022
		6	6
Wages	and salaries	673,207	585,130
National	insurance	48,853	43,517
Pension	contributions	12,262	11,220
		734,322	639,867

				2023	2022
				Number	Number
Administration and Creative				11	11
Boxoffice				2	2
Technical				4	4
Front of house				6	5
				23	22
No employee had annual	emoluments	of more than F60,000 per annum this		year or in	the previous
period.
COMPARATIVES FOR THE STATENIENT OF FINANCIAL			ACTIVITIES - 2022
			Unrestricted	Restdcted	Total
			funds	funds	2021
			6	f	E
INCOME FROM
Donations and legacies			576,204	187,700	763,904
Charitable activities
Charitable Operations			864,996	53,053	918,049
Other trading activities
Other trading activities			244,820		244,820
Investment income			180		180
Total			1,686,200	240,753	1,926,953
EXPENDITURE ON
Raising funds
Commercial trading operations			153,933		153,933
Charitable activities
Charitable Operations			1,368,692	340,690	1,709,382
Total			1,522,625	340,690	'I,863,315
Net (expenditure)/income			163,575	(99,937)	63,638
Transfers between funds			(4,414)	4,414
Net movement in funds			159,161	(95,523)	63,638
RECONCILIATION OF FUNDS
Total funds brought forward			638,085	528,016	1,166,081
TOTAL FUNDS CARRIED	FORWARD		797,226	432,493	1,229,719

	Improvements	Plant and	Fixtures and	Computer
	to properiy	machinery	fittings	equipment	Total
	E	E	E	E	E
COST
At 1 April 2022	315,373	330,564	221,310	44,178	911,425
Additions	34,319	4,761		20,829	59,909
Disposals
At 31 March 2023	349,692	335,325	221,310	65,007	971,334
DEPRECIATION
At 1 April 2022	101,098	140,726	111,057	15,896	368,777
Charge for year	45,273	62,847	43,978	9,375	181,473
Eliminated on disposals
At 31 March 2023	146,371	203,573	155,035	25,271	530,250
NET BOOK VALUE
At 31 March 2023	203,321	131,752	86,275	39,736	441,084
At 31 March 2022	214,275	189,838	110,253	28,282	542,648
TANGIBLE FIXEDASSETS - CHARITY
	Improvements	Plant and	Fixtures and	Computer
	to property	machinery	fittings	equipment	Total
				E	E
COST
At 1 April 2022	315,373	330,564	217,434	44,178	907,549
Additions	34,319	4,761		20,829	59,909
Disposals
At 31 March 2023	349,692	335,325	217,434	B5,007	967,458
DEPRECIATION
At 1 April 2022	101,098	140,726	109,960	15,896	367,680
Charge for year	45,273	62,847	43,202	9,375	160,697
Eliminated on disposals
At 31 March 2023	146,371	203,573	153,162	25,271	528,377
NET BOOK VALUE
At 31 March 2023	203,321	131,752	64,272	39,736	439,081
At 31 March 2022	214,275	189,838	107,474	28,282	539,869

18.	STOCKS				2023	2022
	Bar stock				5,065	7,846
	Confectionery etc				2,044	3,174
					7,109	11,020
19.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			Group	Group	Charity	Charity
			2023	2022	2023	2022
						E
	Trade debtors		40,908	9,018	40,532	9,018
	Other debtors and accrued income		22,874	87,285	30,426	123,908
	Prepayments		27,897	34,321	27,897	34,321
			91,679	130,604	98,855	167,245

20.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
				Group	Group	Charity	Charity
				2023	2022	2023	2022
				E		E	E
	Trade ToThe Crowd	Limited
	Trade creditors			63,426	89.677	58,995	82,378
	Social security and other		taxes	17,500	20,634	17,500	20,634
	VAT			14,851	7,190	15,000	1,221
	Other creditors			218,723	178,908	217,473	177,238
	Deferred income			390,994	230,272	390,994	230,272
				705,494	526,681	697,962	511,741
21.	CREDITORS: AMOUNTS		FALLING DUE IN MORE THAN ONE YEAR
				Group	Group	Charity	Charity
				2023	2022	2023	2022
					E		E
	Accruals and deferred	income

					Group	Group	Charity	Charity
					2023	2022	2023	2022
					E	E	E	E
Brought	forward				230,272	115,599	230,272	115,599
Amount	released	to	incoming	resources	(230,272)	(115,599)	(230,272)	(115,599)
Amount	deferred	in	year		390,994	230,272	390,994	230,272
Carried	forward				390,994	230,272	390,994	230,272

Minimum lease payments under non-cancellable operating	leases fall due as follows:
	2023	2022
	E
Expiring:
Within one year	8,48D	7,771
Between one and five years	16,757	14,839
	25,217	22,610

							Balance	Incoming	Resources		Balance
							At 1.4.22f	resources E	expended E	Transfersf	At31.3.23
General fund							593,338	1,985,382	(2,020,738)		557,982
Designated	Restorafion			fund			203,888	72,090	(66,037)		209,941
							797,226	2,057,472	(2,086,775)		767,923
Analysis of restricted			fund		movements
							Balance	Incoming	Resources		Balance
							At 1.4.22 E	resources E	expendedf	Transfers E	At 31.3.23 E
Restricted	fund	- HCC					239,640		(82,511)		157,129
Restricted	fund	- Garfield			Westcn		185,353		(67,246)		118,107
Restricted	fund	- Hat	Fair					198,6S9	(198,689)
Restricted	fund	—Shared			prosperity			9,8DO			9,8DO
Restricted	fund	—WCC CIL					7,500		(1,500)		6,000
							432,493	208,489	(349,946)		291,036
Comparatlves		for movement				In funds
Analysis of unrestricted				fund		movements
							Balance	Incoming	Resources		Balance
							At 1.4.21	resources	expended	Transfers	Al 313.22
							E	f.		F	E
General fund							478,153	1,642,224	(1,522,625)	(4,414)	593,338
Designated	fund						159,912	43,976			203,888
							638,065	1,686,200	(1,522,625)	(4,414)	797,226

				Balance	Incoming	Resources		Balance
				At 01.04.2021	resources	expendedf	Transfers	At 31.3.22
Restricted	fund			322,151		(82,511)		239,640
Restricted	fund	-	Garfield Weston	205,865		(20,512)		185,353
Restricted	fund	-	Hat Fair		191,180	(191,180)
Restricted	fund	-	WCC TAD		20,573	(20,573)
Restricted	fund	-	Theatres Trust		20,000	(24,414)	4,414
Restricted	fund	-	WCC CIL		9,000	(1,500)		7,500
				528,016	240,753	(340,690)	4,414	432,493

RECONCILIATION	OF NET INCOMEI(EXPENDITURE) TO	OF NET INCOMEI(EXPENDITURE) TO	OF NET INCOMEI(EXPENDITURE) TO	NET CASH FLOW FROM	NET CASH FLOW FROM
OPERATING ACTIVITIES
			Group	Group	Charity	Charity
			2023	2022	2023	2022
				F
Net movement in funds			(170,760)	63,638	(171,648)	57,497
Loss on disposal of	fixed assets
Depreciation charge			161,473	158,748	160,697	158,148
Interest received			(7,096)	(180)	(7,096)	(180)
(Increase)/decrease	in stocks		3,911	(4,111)
(Increase) in debtors			38,925	(46,009)	68,390	(88,323)
Increase/(decrease)	in creditors		178,813	150,492	186,221	156,010
			205,266	322,578	236,564	283,152
ANALYSIS OF CHANGES		IN NET FUNDS
				At 1.4.22	Cash flow	At 31.3.23
				6	6	E
Net cash
Cash at bank				1,072,128	152,453	1,224,581
				1,072,128	152,453	1,224,581