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SPID Theatre Company Limited

(A Company Limited by Guarantee)

Company number: 04466287 Charity Number: 1097344

Report and Financial Statements

For the year ended

30 June 2022

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 year ended 30 June 2022

Reference and Administrative Information

	Company number: 04466287
	Charity Number: 1097344
Trustees	Sophia Ollivierre Co Chair
	Naomi Israel Co Chair
	Ben Gilman Treasurer
	Hilary Spencer Secretary
	Paul Gardner
	Salim Chowdhury
	Helen Atkins
	Sylvia Akajoyi
	Meshack Biwott
	Russell Teimourian
	Mariana Sastre
Key management	Helena Thompson - Artistic Director and Senior Responsible Owner
Bankers	HSBC 176 Camden High Street NW1 8QL
Registered Office	50 Malvern Road
	London
	N8 0LA
Independent Examiner	Anthony Epton
	Goldwins
	75 Maygrove Road
	West Hampstead
	London
	NW6 2EG

SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2022

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 year ended 30 June 2022. The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102 .

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”. To this end SPID makes art that advocates housing justice.

SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2022

Activities and Achievements .

The appetite for our work grew following Lockdown, with increased engagement in our commitment to art that advocates housing justice. We built on our growing reputation for high quality community work that champions council estates. 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.

Estate Endz, our Living History project from 13-25 year olds, culminated in The Unsung, a performance scripted by our head of youth, Nnenna Abosi- Samson, and performed by young participants who had researched the history of Kensal House and Trellick Tower. It was performed between the two estates and featured testimonies from local residents. The number of young people who took part was higher than on any previous Estate Endz project.

Estate Voices, our cross generational Change Collective program, developed our History of Neglect film to show the extent of leaks, floods and mould at Kensal House. We appointed members of Kensal House Residents Association to our refurbishment board and welcomed them as trustees. Standing together with residents forced the council to rehouse those living in sewage water.

Far Far Away, our youth truth program for 8-13 year olds, used clowning techniques to bring young peoples interviews with friends and family to life. The showcase at the North Kensington Library was packed and popular. Participants were proud to also be invited to sit on a climate change panel at the Natural History Museum.

Community Hub delivered free yoga, gong fu and tai chi to along with a Kensal newsletter. This updated residents on our refurbishment now that our contractors have been appointed. We are asking RBKC to cover the cost of delays incurred by their failures to fix the leaks.

During the 2021-22 financial year, SPID also successfully progressed a number of elements necessary for the refurbishment project to commence in the second half of 2022 including:

Selection of the main contractor and finalisation of the contract
Written acknowledgement from RKBC of their responsibilities for repairs that have implications for the refurbishment project, and confirmation of the necessary insurances and permissions for the work to commence
Appointment of a new project manager with sufficient capacity and experience to deliver a large scale project of this nature
Completion of various technical and planning aspects of the project design and delivery

Future Plans

A significant focus for SPID in the 2022-2023 financial year is the SPID Refurbishment project. This commenced in July 2022 as planned, with the main contractor contract finalised June 2022 and the works commencing July 2022. The total cost of the project is estimated to be £3.3m, with £2.8m for the capital works, £0.4m for activity delivery and £0.1m of other costs. This represents an increase against some earlier cost estimates driven by two main factors:

Inflation increased significantly in 2022, affected by lockdown distortions and the Ukraine invasion. This had a particularly significant impact on construction costs which are more impacted by energy price inflation and where commodities are affected by global demand. As part of finalisation of the contract with the main contractor, costs were adjusted to allow for inflation and SPID made additional provisions in the contingency budgets for inflationary impacts on other elements of the project (notably professional fees and activities).

SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2022

Additional costs incurred primarily due to the delayed project start date which had not been fully accounted for by the previous project manager, with some limitations in the project reporting information (largely relating to inaccurate recording of invoice status) affecting SPID’s ability to accurately monitor the refurbishment project’s financial status during the 2021-2022 financial year. In July 2022 the new project manager, working closely with SPID staff and trustees, clarified the total additional unreported costs at £188k and implemented more robust processes for tracking of invoices and reporting of project finances. This shortfall was addressed by the allocation of additional unrestricted funding and further revenue generation by SPID, leaving the refurbishment project adequately funded. As such no adjustment has been made to the 30 June 2022 financial statements.”

As of the date of submission of these financial statements ( April 6 2023) the project budget remains on track in spite of delays to the target completion date, with additional costs incurred expected to be covered by the relevant contingency budgets. Over the course of the year, SPID and their project managers have met regularly with our main funders The National Lottery Heritage Fund, National Lottery Community Fund and Mayor’s Fund to keep them updated on progress, as well as engaging constructively with residents throughout the process to minimise disruption and ensure statutory failures are compensated for.

Outcomes and Beneficiaries

Productions have involved 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 wellbeing, whilst our refurbishment and work to get Kensal’s leaks fixed has galvanised hope and collaboration.

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.

Financial Review and Reserves

It is our policy to keep reserves to facilitate cashflow and cover our running costs for at least 4 months. We currently have reserves for more than a year. As will be seen from the accounts, the company ended another successful year in an improved financial state.

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:

SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2022

•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.

Independent Examiner

Anthony Epton was re-appointed as the Independent examiner of the charitable company during the year and has expressed his willingness to continue in that capacity.

The Trustees’ Annual Report has been approved by the trustees on …6.4.23……….

and signed on their behalf by;

Sophia Ollivierre, Co Chair.

Ben Gilman, SPID Treasurer

SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2022

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 year ended 30 June 2022.

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

SPID Theatre Company Limited Statement of financial activities

(incorporating an income and expenditure account)

For the period ended 30 June 2022

Note Income from: Donations Charitable activities 3 Investment income Total income Expenditure on: Charitable activities 4 Total expenditure Net gains/(losses) on investments Total net gains/(losses) on investments Net income/(expenditure) for the year Transfers between funds Reconciliation of funds: Total funds brought forward Total funds carried forward Net (expenditure)/income before net gains / (losses) on investments Net income/(expenditure) before other recognised gains and losses	Unrestricted funds £ 54 531,932 909 532,895 78,218 78,218 454,677 (12,945) (12,945) 441,732 - 441,732 467,830 909,562	Restricted funds £ - 182,503 - 182,503 344,765 344,765 (162,262) - - (162,262) - (162,262) 167,262 5,000	2022 Total funds £ 54 714,435 909 715,398 422,983 422,983 292,415 (12,945) (12,945) 279,470 - 279,470 635,092 914,562	1 October 2020 to 30 June 2021 Total funds £ 163 711,498 -
				711,661
				303,555
				303,555
				408,106 -
				- 408,106 -
				408,106 226,986
				635,092

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.

SPID Theatre Company Limited Balance sheet As at 30 June 2022

SPID Theatre Company Limited Balance sheet As at 30 June 2022
		2022	2022	2021	2021
	Note	£	£	£	£
Fixed assets:
Tangible assets	8		3,936		5,385
Investments	9		137,964		-
			141,900		5,385
Current assets:
Debtors	10	7,812		7,812
Cash at bank and in hand		777,226		622,915
		785,038		630,727
Liabilities:
Creditors: amounts falling due within one year	11	12,376		1,020
Net current assets			772,662		629,707
Total net assets			914,562		635,092
Funds	12
Restricted funds			5,000		167,262
Unrestricted funds:
General funds		909,562		467,830
Total unrestricted funds			909,562		173,560
Total funds			914,562		635,092

For the financial year ended 30 June 2022, the Company was entitled to exemption from audit under Section 477 of the Companies Act 2006, and no notice has been deposited under Section 476. The directors acknowledge their responsibilities for ensuring that the Company keeps accounting records which comply with Section 386 of the Act and preparing Financial Statements which give a true and fair view of the state of affairs of the Company as at the end of the year and of its profit or loss for the financial period in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006, so far as applicable to the Company.

The Financial Statements were approved by the Board on 6.4.2023

Sophia Ollivierre Ben Gilman Co Chair SPID Treasurer

Company registration no. 04466287

The attached notes form part of the financial statements.

SPID Theatre Company Limited Statement of cash flows For the period ended 30 June 2022

2022 £ 909 - (150,909)	2022 £ 304,311 (150,000) -	2021 £ - (5,732) -	2021 £ 402,293 (5,732) -
- - -		- - -

	154,311 622,915 -		396,561 226,354 -
	777,226		622,915

SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2022

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.

SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2022

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.

SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2022

2 Detailed comparatives for the statement of financial activities

Unrestricted £ - - - - - - 20,000 40,640 20,000 137,500 23,882 25,000 8,000 62,015 6,050 9,500 66,845 112,500 - - - - -	Unrestricted £ 163 404,662	Restricted £ - 306,836	2021 Total £ 163 711,498	Restricted £ 6,503 - - 750 - 86,226 - - - - - - 8,000 50,300 18,150 - - - - - - 96,568 40,340	2021 Total £ 44,853 - 130,300 750 - 86,226 10,000 - 20,000 - - - 8,000 50,300 18,150 36,208 18,027 - 50,000 29,836 60,000 96,568 52,281
	404,825	306,836	711,661
	110,555	193,000	303,555
	110,555	193,000	303,555
	294,270 -	113,836 -	408,106 -
	294,270 173,560	113,836 53,426	408,106 226,986
	467,830	167,262	635,092
	Restricted £ 31,478 4,358 31,275 5,800 23,320 76,272 10,000 - - - - - - - - - - - - - - -	2022 Total £ 31,478 4,358 31,275 5,800 23,320 76,272 30,000 40,640 20,000 137,500 23,882 25,000 8,000 62,015 6,050 9,500 66,845 112,500 - - - - -	Unrestricted £ 38,351 - 130,300 - - - 10,000 - 20,000 - - - - - - 36,208 18,027 - 50,000 29,836 60,000 - 11,941
531,932	182,503	714,435	404,662	306,836	711,498

3 Income from charitable activities

SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2022

4 Analysis of expenditure

Analysis of expenditure
Artistic and educational Payroll costs Professional fees Support costs Telephone Advertising Insurance Investment fee Subscriptions Independent Examiner`s Fees Admin and evaluation Rent Refreshments Travel Stationery Bank charges Computer running Sundry Depreciation Total expenditure 2021	Activity 2022 Total £ £ 130,353 130,353 159,022 159,022 106,674 106,674 1,726 1,726 2,024 2,024 1,641 1,641 2,542 2,542 153 153 3,180 3,180 3,599 3,599 3,311 3,311 556 556 1,036 1,036 912 912 - - 3,498 3,498 1,307 1,307 1,449 1,449 422,983 422,983 Charitable		2021 Total £ 146,172 68,227 64,455 2,883 1,129 876 - - 3,000 1,555 5,411 - 5,515 629 128 820 756 1,999
	Activity £ 130,353 159,022 106,674 1,726 2,024 1,641 2,542 153 3,180 3,599 3,311 556 1,036 912 - 3,498 1,307 1,449
	422,983	422,983	303,555

Of the total expenditure £78,218 was unrestricted (2021: £110,555) and £344,765 was restricted (2021: £193,000).

4a Analysis of expenditure (prior year)

Artistic and educational Payroll costs Professional fees 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 £ £ 146,172 146,172 68,227 68,227 64,455 64,455 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 £ £ 146,172 146,172 68,227 68,227 64,455 64,455 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 £ 224,364 46,875 303,555 3,377 2,004 876 2,556 2,160 9,539 10,500 3,800 762 3,592 - - 269 730
	Activity £ 146,172 68,227 64,455 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).

SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2022

5 Net income / (expenditure) for the year

Net income / (expenditure) for the year
This is stated after charging / (crediting): 2022 £ Depreciation 1,449 Independent Examination 2,650 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows: 2022 £ Salaries and wages 144,817 Social security costs 11,719 Employer`s pension 2,486 159,022 The average number of employees was: 2022 No. Charitable Activities 11 11	2022 £ 1,449 2,650	2021 £ 1,999 2,650
		2021 £ 61,880 5,256 1,091
	159,022	68,227
	2022 No. 11	2021 No. 7
	11	7

6 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

No employee received emoluments amounting to over £60,000 during the current year (2021: nil).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: nil) neither were they reimbursed expenses during the year (2021: nil). No charity trustee received payment for professional or other services supplied to the charity (2021: nil).

The total employee benefits including pension contributions of the key management personnel were Nil (2021: nil).

7 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

£ 5,642 - - Fixtures and fittings	£ 2,472 - - Computer equipment	Total £ 8,114 - -
5,642	2,472	8,114
1,542 1,025 -	1,187 424 -	2,729 1,449 -
2,567	1,611	4,178
3,075	861	3,936
4,100	1,285	5,385
	2022 £ 137,964	2021 £ -
	137,964	-
	- 150,909 - (12,945)	- - - -
	137,964	-

SPID Theatre Company Limited Notes to the financial statements For the period ended 30 June 2022

10 Debtors

General unrestricted £ 141,900 767,662	Designated £ - -	2022 £ 7,812	2021 £ 7,812
		7,812	7,812
		2022 £ 8,176 4,200	2021 £ - 1,020
		12,376	1,020
		Restricted £ - 5,000	Total funds £ 141,900 772,662
909,562	-	5,000	914,562
General unrestricted £ 5,385 462,445	Designated £ - -	Restricted £ - 167,262	Total funds £ 5,385 629,707
467,830	-	167,262	635,092

£ 160 72,259 50,000 - - - - - 44,843 At the start of the year	£ 31,478 - - 4,358 5,800 10,000 31,275 23,320 76,272 Incoming resources & gains	£ (26,638) (72,259) (50,000) (4,358) (5,800) (10,000) (31,275) (23,320) (121,115) Outgoing resources & losses	Transfers £ - - - - - - - - -	£ 5,000 - - - - - - - - At the end of the year
167,262 7	182,503	(344,765)	-	5,000
467,830	532,895	(91,163)	-	909,562
467,830	532,895	(91,163)	-	909,562

635,092	715,398	(435,928)	-	914,562

SPID Theatre Company Limited Notes to the financial statements

For the period ended 30 June 2022

Purposes of restricted funds

Restricted funds funded the delivery of the following programs: Estate Endz Supper Club Community Hub SPID Refurb

Far Far Away

£ 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	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

14 Reconciliation of net income / (expenditure) to net cash flow from operating activities

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 Interest, rent and dividends from investments (Gains)/ losses on investments (Increase)/ decrease in debtors Increase/ (decrease) in creditors Net cash provided by / (used in) operating activities	2022 £ 279,470 1,449 (909) 12,945 - 11,356	2021 £ 408,106 1,999 - - (7,812) -
	304,311	402,293

15 Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
Cash at bank and in hand Total cash and cash equivalents	£ 622,915 At 1 October 2020	Cash flows £ 154,311	£ - Other changes	£ 777,226 At 30 June 2021
	622,915	154,311	-	777,226

16 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.

17 Related party transactions

There are no related party transactions to disclose for 2022 (2021: none).

2022-06-30-accounts

SPID Theatre Company Limited

Report and Financial Statements

For the year ended

Contents

Reference and Administrative Information

Governance, structure and management

Method of appointment or election of Trustees

Policies adopted for the induction and training of trustees.

Objectives

Activities and Achievements .

Future Plans

Outcomes and Beneficiaries

Financial Review and Reserves

Trustees statement of responsibilities

Independent Examiner

Independent examiner’s report to the trustees of SPID Theatre Company Ltd

Responsibilities and basis of report

Independent examiner’s statement

For the period ended 30 June 2022

SPID Theatre Company Limited Balance sheet As at 30 June 2022

Company registration no. 04466287

a) Basis of preparation

b) Reconciliation with previously Generally Accepted Accounting Practice (GAAP)

c) Going concern

d) Income

f) Interest receivable

g) Fund accounting

1 Accounting policies (continued)

h) Expenditure and irrecoverable VAT

i) Allocation of support costs

j) Operating leases

k) Tangible fixed assets

l) Debtors

m) Cash at bank and in hand

n) Creditors and provisions

2 Detailed comparatives for the statement of financial activities

4 Analysis of expenditure

4a Analysis of expenditure (prior year)

5 Net income / (expenditure) for the year

7 Taxation

10 Debtors

For the period ended 30 June 2022

Purposes of restricted funds

Purposes of restricted funds

14 Reconciliation of net income / (expenditure) to net cash flow from operating activities

15 Analysis of cash and cash equivalents

16 Legal status of the charity

17 Related party transactions