SPID Theatre Company Limited
(A Company Limited by Guarantee)
Company number: 04466287 Charity Number: 1097344
Report and Financial Statements
For the period ended
30 June 2021
SPID Theatre Company Limited Report and Financial Statements For the period ended 30 June 2021
Contents
| Contents | |
|---|---|
| Page | |
| Reference and Administrative Information | 1 |
| Trustees’ Annual Report | 2 - 5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| (incorporating an income and expenditure account) | |
| Balance Sheet | 8 |
| Statement of cash flows | 9 |
| Notes to the Financial Statements | 10 - 16 |
SPID Theatre Company Limited Report and Financial Statements For the period ended 30 June 2021
Reference and Administrative Information
Company number: 04466287
Charity Number: 1097344
Trustees Ivor Flint Chair Tanja Pagnuco Hilary Spencer Secretary Sophia Ollivierre Vice Treasurer Lecia Ladilw Naomi Israel Co Chair Mariana Saster Paul Gardner Sylvia Akajoyi Ben Gilman Treasurer Key management Helena Thompson - Artistic Director and Senior Responsible Owner Bankers HSBC 176 Camden High Street NW1 8QL Registered Office 35 Westholm London NW11 6LH Independent Examiner Anthony Epton Goldwins 75 Maygrove Road West Hampstead London NW6 2EG
1
SPID Theatre Company Limited Report and Financial Statements For the period ended 30 June 2021
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of SPID Theatre Company Limited (the company) for the period ended June 30[th] 2021. The Trustees confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice 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 (FRS102- effective 1 January 2015- (Charities SORP FRS 102) and the Companies Act 2006.
Governance, structure and management
The charity is governed by the Memorandum and Articles of Association dated 7 June 2002. It is a company limited by guarantee and does not have a share capital. The liability of the members in the event of the charity being wound up is limited to £10 for each member.
The Artistic Manager (who is a member) has general responsibility, under the terms of her appointment, for managing the Company’s theatrical and artistic activities, subject to the directions of the Trustees. She is responsible for (among other things) making proposals to the Trustees for theatrical and artistic productions for their consideration and approval and for obtaining outside funding in support. She is also the lead member of the Kensal House Community Hub, a grouping which grew out of the SPID Co-operative set up in April 2006 with the approval of the Trustees. Its role is to maintain a SPID presence in Kensal House and to co-ordinate community activities on the Estate in consultation with residents and the local authority.
Method of appointment or election of Trustees
The trustees are appointed on three year terms and retire in rotation. They (and the secretary) are volunteers from within the local community and volunteers who share interest and experience in the fields of theatre and education.
Policies adopted for the induction and training of trustees.
The procedure for induction and training of new trustees is for them to familiarise themselves with the company documents, including past reports and minutes of board meetings and to be instructed in charity law and the law of trusts (by the Secretary) so as to have a clear understanding of their responsibilities and liabilities as trustees.
Objectives
The principal objective of the company is “to advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama and to advance citizenship or community development for the public benefit, in particular, but not exclusively, by making community rooms available for the use of residents of the Kensal House estate and the neighbourhood, without distinction of political, religious or other opinions, including use for (a), lectures and classes and (b) other forms of recreation and leisure time occupations with the object of improving the conditions of life for the residents”.
Activities and Achievements .
The pandemic presented challenges for SPID which we rose to in ways that have made the charity stronger. We delivered our activities on line during Lockdown without furloughing or losing our participoants or funding. This allowed us to build on our growing reputation for high quality community work that champions council estates by reaching out to non local participants who could not otherwise get involved. By maximising involvement from those with lived experience of housing injustice, our Estate Voices, Estate Endz, Far Far Away and Community Hub programs celebrated social housing and made the case for investment.
2
SPID Theatre Company Limited Report and Financial Statements For the period ended 30 June 2021
We created two new study guides in order to reach out to young people via schools. The first dovetailed with Far Far Away, our free Youth Truth program of youth arts for 8-13 year olds. It focused on climate change and connected to the showcase experience which young people created via zoom to dramatise the value of our shared environment. The second dovetailed with Estate Endz, our free Living History program of drama and heritage for over 13 year olds. It focused on the history of social housing and connected to The Burning Tower, the published script which SPID created in response to Grenfell.
Estate Endz culminated in The Dream, a radio play scripted by our head of youth, Nnenna AbosiSamson, and performed by young participants in collaboration with our partners Decolonise The Archives. Young people researched the unwarranted police raids on Notting Hill’s Mangrove Restaurant, and the innocent verdict won by those arrested for protesting racial hatred. It was commissioned by Dr Camilla Schofield, senior lecturer in modern history at University of East Anglia.
Estate Voices, our free Change Collective program, used poetry and art to develop advocacy skills. This dovetailed with our Fix The Leaks campaign, uniting residents of Kensal and beyond to collaborate with SPID on making the council fix Kensal’s leaks. RBKC have now committed to doing this and the works are underway.
Community Hub expanded from the delivery of free yoga, gong fu and tai chi to include a Kensal newsletter. This introduced Kensal residents who sit on SPID’s board and refurbishment project board and updated residents on our refurbishment now that our 25 year low rent lease has been secured and RIBA stage 4 completed. While RBKC fix the leaks at SPID before moving on to fixing the rest of Kensal, we are meeting the conditions of our planning permission.
Future Plans
We will go to tender to appoint a contractor for our refurbishment. We will meet the terms of £2.6million we have fundraised, including the works and delivery of free activities for 3 years. We will report on delivery quarterly to our main funders, the Lottery and Mayor.
Outcomes and Beneficiaries
Free Drama and sports workshops, free communal meals and the production and discussion of plays have developed local peoples’ skills and nurtured community life. Improving Kensal House community rooms’ maintenance and facilities has championed the space’s potential as a neighbourhood resource. Giving local residents a voice has addressed the frustration they feel that Grenfell happened because they were ignored.
Productions using film and radio have happened on line, involving young people and residents with lived experience of housing injustice in developing history and arts skills. Our advocacy program has challenged the stereotypes surrounding social housing to give residents a voice. Our free yoga and gong fu has nurtured well being, whilst our refurbishment and work to get Kensal’s leaks fixed has galvinised hope and collaboration.
Financial Review and Reserves
It is our policy to keep reserves at this level to facilitate cashflow and cover our running costs for 4 months. As will be seen from the accounts, the company ended another successful period in an improved financial state.
3
SPID Theatre Company Limited Report and Financial Statements For the period ended 30 June 2021
Trustees statement of responsibilities
The trustees (who are also directors of SPID Theatre Company for the purposes of company law) are responsible for preparing the Trustees' Report (incorporating the directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:
•select suitable accounting policies and then apply them consistently;
•observe the methods and principles in the Charities SORP;
•make judgments and accounting estimates that are reasonable and prudent;
•state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
•prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
•there is no relevant audit information of which the charitable company's auditors are unaware; and
•the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement as to disclosure to our Independent examiner
In so far as the trustees are aware:
-
There is no relevant information of which the charitable company’s Independent examiner is unaware; and
-
The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the Independent examiner is aware of that information.
4
•• iiii k ehcer
Independent examiner’s report to the trustees of SPID Theatre Company Ltd
I report to the charity trustees on my examination of the accounts of the Company for the period ended 30 June 2021.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
Since the Company’s gross income exceeded £250,000, I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG
28 April 2022
6
SPID Theatre Company Limited Statement of financial activities
(incorporating an income and expenditure account)
For the period ended 30 June 2021
| Note Income from: Donations Charitable activities 3 Total income Expenditure on: Charitable activities 4 Total expenditure Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Net income/(expenditure) for the year |
Unrestricted funds £ 163 404,662 404,825 110,555 110,555 294,270 - 294,270 173,560 467,830 |
Restricted funds £ - 306,836 306,836 193,000 193,000 113,836 - 113,836 53,426 167,262 |
1 October 2020 to 30 June 2021 Total funds £ 163 711,498 711,661 303,555 303,555 408,106 - 408,106 226,986 635,092 |
6 April 2019 to 30 September 2020 Total funds £ 147,290 597,586 |
|---|---|---|---|---|
| 744,876 | ||||
| 614,959 | ||||
| 614,959 | ||||
| 129,917 - |
||||
| 129,917 97,069 |
||||
| 226,986 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
7
S3 1,657 1.652 ¢4) 7ml 11 fA426 173.5fj0 *n.s -TIKT,
SPID Theatre Company Limited Statement of cash flows For the period ended 30 June 2021
| Note Cash flows from operating activities: Net cash provided by / (used in) operating activities 13 Cash flows from investing activities: Interest/ rent/ dividends from investments Sale/ (purchase) of fixed assets Sale/ (purchase) of investments Cash provided by / (used in) investing activities Cash flows from financing activities: Repayments of borrowing Cash inflows from new borrowing Receipt of endowment Cash provided by / (used in) financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 14 Change in cash and cash equivalents due to exchange rate movements |
2021 £ - (5,732) - |
2021 £ 402,293 (5,732) - |
2020 £ - (2,382) - |
2020 £ 130,647 (2,382) - |
|---|---|---|---|---|
| - - - |
- - - |
|||
| 396,561 226,354 - |
128,265 98,089 - |
|||
| 622,915 | 226,354 |
9
SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2021
- 1 Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with 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 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
b) Reconciliation with previously Generally Accepted Accounting Practice (GAAP)
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was required.
c) Going concern
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
d) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
f) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
g) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
10
SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2021
1 Accounting policies (continued)
h) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs.
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
i) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 4.
j) Operating leases
Rental charges are charged on a straight line basis over the term of the lease.
k) Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: Fixtures and fittings 25% on reducing balance Computer equipment 33% on reducing balance
l) Debtors
- Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
m) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
n) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
11
SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2021
2 Detailed comparatives for the statement of financial activities
| Income from: Donations Charitable activities Sundry Income Total income Expenditure on: Charitable activities Total expenditure Net income / (expenditure) for the year Transfers Net movement in Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted £ 147,290 143,660 |
Restricted £ - 453,926 |
2020 Total £ 147,290 597,586 |
|---|---|---|---|
| 290,950 | 453,926 | 744,876 | |
| 209,394 | 405,565 | 614,959 | |
| 209,394 | 405,565 | 614,959 | |
| 81,556 - |
48,361 - |
129,917 - |
|
| 81,556 92,004 |
48,361 5,065 |
129,917 97,069 |
|
| 173,560 | 53,426 | 226,986 |
- 3 Income from charitable activities
| RBKC BBC children in need Big Lottery London Foundation K and C foundation Other Arts Council England Paul Hamlyn foundation Architectural heritage fund Community business fund Jack Petchey City Bridge Trust HLF City of London Catalyst Garfield Weston University of East YCSF Grant Ragdoll Foundation GLA National Heritage Trust Historic England Trust for London |
Unrestricted £ 38,351 36,208 130,300 - 20,000 18,027 - - - - - 11,941 - - - 50,000 29,836 60,000 - - - - 10,000 |
Restricted £ 6,503 - - - - - 96,568 - - - 750 40,340 - - - - - - 8,000 86,226 50,300 18,150 - |
2021 Total £ 44,853 36,208 130,300 - 20,000 18,027 96,568 - - - 750 52,281 - - - 50,000 29,836 60,000 8,000 86,226 50,300 18,150 10,000 |
Unrestricted £ 26,712 48,113 - - - 1,220 43,655 16,000 7,960 - - - - - - - - - - - - |
Restricted £ 13,160 - 77,361 50,000 24,505 - - 18,580 9,472 - 81,555 24,527 4,766 - - - - 150,000 - - - - |
2020 Total £ 39,872 48,113 77,361 50,000 24,505 1,220 43,655 16,000 18,580 7,960 9,472 - 81,555 24,527 4,766 - - - - 150,000 - - - |
|---|---|---|---|---|---|---|
| 404,662 | 306,836 | 711,498 | 143,660 | 453,926 | 597,586 |
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SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2021
4 Analysis of expenditure
| Artistic and educational Support costs Telephone Advertising Insurance Cleaning Independent Examiner`s Fees Admin and evaluation Rent Utilities Travel Stationery Bank charges Computer running Sundry Depreciation Total expenditure 2021 |
Activity 2021 Total £ £ 278,854 278,854 2,883 2,883 1,129 1,129 876 876 - - 3,000 3,000 520 520 5,411 5,411 1,035 1,035 5,515 5,515 629 629 128 128 820 820 756 756 1,999 1,999 303,555 303,555 Charitable |
Activity 2021 Total £ £ 278,854 278,854 2,883 2,883 1,129 1,129 876 876 - - 3,000 3,000 520 520 5,411 5,411 1,035 1,035 5,515 5,515 629 629 128 128 820 820 756 756 1,999 1,999 303,555 303,555 Charitable |
2020 Total £ 574,794 3,377 2,004 876 2,556 2,160 9,539 10,500 3,800 762 3,592 - - 269 730 |
|---|---|---|---|
| Activity £ 278,854 2,883 1,129 876 - 3,000 520 5,411 1,035 5,515 629 128 820 756 1,999 |
|||
| 303,555 | 303,555 | 614,959 |
Of the total expenditure £110,555 was unrestricted (2020: £209,394) and £193,000 was restricted (2020: £405,565).
4a Analysis of expenditure (prior year)
| Artistic and educational Support costs Telephone Advertising Insurance Cleaning Independent Examiner`s Fees Admin and evaluation Business rates Utilities Travel Stationery Sundry Depreciation Total expenditure 2020 |
Activity 2020 Total £ £ 574,794 574,794 3,377 3,377 2,004 2,004 876 876 2,556 2,556 2,160 2,160 9,539 9,539 10,500 10,500 3,800 3,800 762 762 3,592 3,592 269 269 730 730 614,959 614,959 Charitable |
Activity 2020 Total £ £ 574,794 574,794 3,377 3,377 2,004 2,004 876 876 2,556 2,556 2,160 2,160 9,539 9,539 10,500 10,500 3,800 3,800 762 762 3,592 3,592 269 269 730 730 614,959 614,959 Charitable |
2019 Total £ 309,080 2,044 2,993 876 1,761 2,000 2,571 8,446 2,295 - - - - |
|---|---|---|---|
| Activity £ 574,794 3,377 2,004 876 2,556 2,160 9,539 10,500 3,800 762 3,592 269 730 |
|||
| 614,959 | 614,959 | 332,066 |
Of the total expenditure, £209,394 was unrestricted (2019: £112,984) and £405,565 was restricted (2019: £219,082).
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SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2021
5 Net income / (expenditure) for the year
This is stated after charging / (crediting):
| is stated after charging / (crediting): Depreciation Independent Examination |
2021 £ 1,999 3,000 |
2020 £ 730 3,000 |
|---|---|---|
6 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
| Staff costs were as follows: Salaries and wages Social security costs Employer`s pension The average number of employees was: Charitable Activities |
2021 £ 61,880 5,256 1,091 |
2020 £ 59,287 4,134 1,198 |
|---|---|---|
| 68,227 | 64,619 | |
| 2021 No. 7 |
2020 No. 4 |
|
| 7 | 4 |
No employee received emoluments amounting to over £60,000 during the current year (2020: nil).
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: nil) neither were they reimbursed expenses during the year (2020: nil). No charity trustee received payment for professional or other services supplied to the charity (2020: nil).
The total employee benefits including pension contributions of the key management personnel were Nil (2020: nil).
7 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
| Tangible fixed assets Cost At the start of the period Additions in year Disposals in year At the end of the period Depreciation At the start of the period Charge for the year Eliminated on disposal At the end of the period Net book value At the end of the period At the start of the period |
£ 700 4,942 - Fixtures and fittings |
£ 1,682 790 - Computer equipment |
Total £ 2,382 5,732 - |
|---|---|---|---|
| 5,642 | 2,472 | 8,114 | |
| 175 1,367 - |
555 632 - |
730 1,999 - |
|
| 1,542 | 1,187 | 2,729 | |
| 4,100 | 1,285 | 5,385 | |
| 525 | 1,127 | 1,652 |
8 Tangible fixed assets
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SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2021
9 Debtors
| TTR relief Creditors: amounts falling due within one year Accruals |
2021 £ 7,812 |
2020 £ - |
|---|---|---|
| 7,812 | 1,020 | |
| 2021 £ 1,020 |
2020 £ 1,020 |
|
| 1,020 | 1,020 |
10 Creditors: amounts falling due within one year
11 Analysis of net assets between funds
| Tangible fixed assets Net current assets Net assets at the end of the year Analysis of net assets between funds (prior year) Tangible fixed assets Net current assets Net assets at the end of the year |
General unrestricted £ 5,385 462,445 |
Designated £ - - |
Restricted £ - 167,262 |
Total funds £ 5,385 629,707 |
|---|---|---|---|---|
| 467,830 | - | 167,262 | 635,092 | |
| General unrestricted £ 1,652 171,908 |
Designated £ - - |
Restricted £ - 53,426 |
Total funds £ 1,652 225,334 |
|
| 173,560 | - | 53,426 | 226,986 |
11a Analysis of net assets between funds (prior year)
12 Movements in funds
| Restricted funds: RBKC Arts Council London Foundation National Heritage Jack Petchey City Bridge Ragdoll Foundation Historic England GLA General funds Total unrestricted funds Total funds |
£ 3,426 - 50,000 - - - - - - At the start of the year |
£ 6,503 96,568 - 50,300 750 40,340 8,000 18,150 86,226 Incoming resources & gains |
£ (9,769) (24,309) - (50,300) (750) (40,340) (8,000) (18,150) (41,382) Outgoing resources & losses |
Transfers £ - - - - - - - - - |
£ 160 72,259 50,000 - - - - - 44,844 At the end of the year |
|---|---|---|---|---|---|
| 53,426 7 | 306,836 |
(193,000) | - | 167,262 | |
| 173,560 | 404,825 | (110,555) | - | 467,830 | |
| 173,560 | 404,825 | (110,555) | - | 467,830 | |
| 226,986 | 711,661 | (303,555) | - | 635,092 |
Purposes of restricted funds
Restricted funds funded the delivery of the following programs: Estate Endz Supper Club Community Hub SPID Refurb Far Far Away
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SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2021
| 12a Movements in funds (prior year) Restricted funds: RBKC Big Lottery Cockayne London Foundation K and C foundation Architectural heritage fund Jack Petchey NLHF City of London Catalyst GLA General funds Total unrestricted funds Total funds |
£ 2,815 - - - - 2,221 - - - 29 At the start of the year |
£ 13,160 77,361 50,000 24,505 18,580 9,472 81,555 24,527 4,766 150,000 Incoming resources & gains |
£ (12,549) (77,361) - (24,505) (18,580) (11,693) (81,555) (24,527) (4,766) (150,029) Outgoing resources & losses |
Transfers £ - - - - - - - - - - |
£ 3,426 - 50,000 - - - - - - - At the end of the year |
|---|---|---|---|---|---|
| 5,065 | 453,926 | (405,565) | - | 53,426 | |
| 92,004 | 290,950 | (209,394) | - | 173,560 | |
| 92,004 | 290,950 | (209,394) | - | 173,560 | |
| 97,069 | 744,876 | (614,959) | - | 226,986 |
Purposes of restricted funds
Restricted funds funded the delivery of the following programs: Estate Endz Supper Club Community Hub SPID Refurb Far Far Away
13 Reconciliation of net income / (expenditure) to net cash flow from operating activities
| Net income / (expenditure) for the reporting period (as per the statement of financial activities) Depreciation (Increase)/ decrease in debtors Net cash provided by / (used in) operating activities |
2021 £ 408,106 1,999 (7,812) |
2020 £ 129,917 730 - |
|---|---|---|
| 402,293 | 130,647 |
| 14 Analysis of cash and cash equivalents Cash at bank and in hand Total cash and cash equivalents |
£ 226,354 At 1 October 2020 |
Cash flows £ 396,561 |
£ - Other changes |
£ 622,915 At 30 June 2021 |
|---|---|---|---|---|
| 226,354 | 396,561 | - | 622,915 |
15 Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.
16 Related party transactions
There are no related party transactions to disclose for 2021 (2020: none).
16