# **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 2023** ## **Contents** |**Contents**||| |---|---|---| |||**Page**| |**Reference and Administrative Information**|**1**|| |**Trustees’ Annual Report**|**2 - 4**|| |**Independent Auditor’s Report**|**5 - 8**|| |**Statement of Financial Activities**|**9**|| |(incorporating an income and expenditure account)||| |**Balance Sheet**|**10**|| |**Statement of cash flows**|**11**|| |**Notes to the Financial Statements**|**12 - 20**|| **SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2023** ## **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 Russell Teimourian Vice Secretary **Key management** Helena Thompson - Artistic Director and Founder Nnenna Samson – Co Creative Leader **Bankers** HSBC 176 Camden High Street NW1 8QL **Registered Office** 50 Malvern Road London N8 0LA **Auditors** Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG 1 **SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2023** The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the accounts of SPID Theatre Company Limited (the company) for the year ended 30 June 2023. ## **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 Director (who is a member of SPID Theatre) has general responsibility, under the terms of her appointment, for managing the Company’s artistic and educational 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 SPID’s 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, education, housing, and advocacy. ## **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. They are also 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 for housing justice. ## **Activities and Achievements** . Works progressed well on SPID’s refurbishment to install a disabled access corridor, lift, and restored heritage features is underway. We received a preliminary draft programme from contractors Lengard that showed a contract completion date of 30 June 2023. Unfortunately they went into liquidation before the final 30% of the works could be completed. SPID is seeking replacement contractors and compensation from RBKC for ongoing negligence and delays. The Mayor’s Fund, Heritage Fund, Community Fund and the Greater London Authority are pleased with works so far and are understanding of the project’s challenges. This year our Estate Endz youth film, _Stories We Save_ , attracted an impressive 36 new signups, individuals who had never taken part in our programme before. In total, 29 young people took part in the programme, generating a waiting list. We issued certificates to 18 participants in 4 different skillsets. 2 **SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2023** We expanded our cross generational Estate Voices program to create _Join Justice, A History of Neglect III_ , advocating that RBKC meet their statutory duties estate wide. And regarding our sport and wellbeing programme, Community Hub, we averaged an 11 participants per session, which pushed class capacity impressively after the challenges of lockdown. We also collaborated on the launch of a podcast created by Kensal House resident and SPID Trustee, Kris Lalaj. This aims to unite and amplify the voices of residents from local estates by giving them a platform to share the stories of where they live. The programme for Far Far Away culminated in a showcase and performance called _Clowning Around Kensington_ in partnership with North Kensington & Kensal Library. There were 24 attendees with 11 new signups. The Natural History Museum reached out to ask Far Far Away participants to form a youth panel on climate change for an 80-strong audience in the museum’s David Attenbrough studio. We also expanded our program for 8-13 year-olds to include a drop-in for young people under the age of 14, offering support with work and play. We worked with Treverton’s RA Chair to promote local opportunities. Sign-ups via stalls outside proved particularly effective in recruiting younger participants. Estate Endz Autumn created an exhibition called Show Of Solidarity partnering with the Victoria & Albert Museum, Alexandra Road estate, Sutton Hill estate and the Oral History Society. Our Estate Endz case study is being shared with heritage and arts specialists and with other organisations. In 2023, SPID was awarded an Inspire Future Generations Commendation Award by the Thornton Educational Trust. Sharing our work through Estate Endz, Estate Voices, Far Far Away and Step Up has led Riverside Studios, Chickenshed, Royal Court and Natural History Museum to approach us as future partners. We're gearing up for our next Estate Endz project from March. SPID is consulting on the possibility of creating a short drama documentary about Kensal House, facilitated by residents of the estate to retell the film, _12 Views of Kensal House_ . As well as the chance to learn about community architecture, conducting research and filmmaking, participants will showcase their accredited skills when the film is screened at the BFI in June. We will continue to deliver our Community Hub program of free yoga and kung fu on estates, and another Far Far Away project bringing the history of the natural world to llife. We plan to promote our theatre, housing and advocacy work in 2023-24 as a ‘Season of Social Change’’ to celebrate the refurbishment of the historic Kensal House Community Rooms as a symbol of wider social change, and to host more drop-ins once the construction works are complete. Over the course of 2022-23, it was inspiring to see the popularity of our programs increasing, with many developing waiting lists. Where possible, we expanded capacity to meet demand, using existing resources frugally in the absence of additional funding. It was also heartening to feel the spirit of unity fostered through participation, as residents from local estates including Kensal, Treverton, Trellick and Lancaster Wester came together in solidarity with young people and artistic activists. ## **Financial Review and Reserves** It is our policy to keep reserves to facilitate cashflow and cover our running costs for at least a year. 3 **SPID Theatre Company Limited Report and Financial Statements For the year ended 30 June 2023** ## **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. ## **Auditors** Goldwins were re-appointed as the auditors of the charitable company during the year and they have expressed their willingness to continue in that capacity. The Trustees’ Annual Report has been approved by the trustees on ……11.3.24…………………. and signed on their behalf by; Sophia Ollivierre, Co Chair. Ben Gilman, SPID Treasurer 4 ## **Independent Auditor’s Report** ## **To the members of** ## **SPID Theatre Company Limited** ## **Opinion** We have audited the financial statements of SPID Theatre Company Limited for the year ended 30 June 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is 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). ## **Opinion on financial statements** In our opinion the financial statements: - give a true and fair view of the state of the charitable company’s affairs as at 30 June 2023 and of its income and expenditure for the year then ended: - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 5 ## **Independent Auditor’s Report** ## **To the members of** ## **SPID Theatre Company Limited** In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinion on other matter prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the trustees’ report (incorporating the directors’ report) have been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of the trustees** As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 6 ## **Independent Auditor’s Report** ## **To the members of** ## **SPID Theatre Company Limited** In preparing the financial statements, the trustees are responsible for assessing the Charityʼs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. ## **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorʼs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: - We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to: - Detecting, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance; - Detecting of the risks of fraud and responding whether they have knowledge of any actual or suspected fraud; - The internal controls in place to mitigate risks related to fraud or non-compliance with laws and regulations. - We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience. - We performed analytical procedures to detect any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report. 7 ## **Independent Auditor’s Report** ## **To the members of** ## **SPID Theatre Company Limited** ## **Use of our report** This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed. A Wh ony Epton **Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG** 12 March 2024 8 ## **SPID Theatre Company Limited Statement of financial activities** (incorporating an income and expenditure account) ## **For the year ended 30 June 2023** |**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**
**£**
353
193,695
-
194,048
280,942
280,942
(86,894)
3,908
3,908
(82,986)
1,390,235
1,307,249
1,391,050
2,698,299|**Restricted**
**funds**
**£**
-
1,385,235
-
1,385,235
-
-
1,385,235
-
-
1,385,235
(1,390,235)
(5,000)
5,000
-|**2023**
**Total**
**funds**
**£**
**353**
**1,578,930**
**-**
**1,579,283**
**280,942**
**280,942**
**1,298,341**
**3,908**
**3,908**
**1,302,249**
**-**
**1,302,249**
**1,396,050**
**2,698,299**|**2022**
**Total**
**funds**
£
54
714,435
909| |---|---|---|---|---| |||||715,398| |||||305,309| |||||305,309| |||||410,089
(12,945)| |||||(12,945)
397,144
-| |||||397,144
998,906| |||||1,396,050| 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. 9 ## **SPID Theatre Company Limited Balance sheet As at 30 June 2023** |**SPID Theatre Company Limited**
**Balance sheet**
**As at 30 June 2023**|||||| |---|---|---|---|---|---| |||||**Restated**|**Restated**| |||**2023**|**2023**|**2022**|**2022**| ||**Note**|**£**|**£**|**£**|**£**| |**Fixed assets:**|||||| |Tangible assets|||||| ||**8**||**1,979,943**||485,424| |Investments|||||| ||**9**||**141,872**||137,964| ||||**2,121,815**||623,388| |**Current assets:**|||||| |Debtors|**10**|**13,232**||7,812|| |Cash at bank and in hand||**669,394**||777,226|| |||**682,626**||785,038|| |**Liabilities:**|||||| |Creditors: amounts falling due within one|||||| |year|**11**|**6,142**||12,376|| |**Net current assets**|||**676,484**||772,662| |Creditors: amounts falling due after more|||||| |than one year|**12**||**100,000**||-| |**Total net assets**|||**2,698,299**||1,396,050| |**Funds**|**13**||||| |Restricted funds|||**-**||5,000| |Unrestricted funds:|||||| |General funds||**2,698,299**||1,391,050|| |Total unrestricted|||||| |funds|||**2,698,299**||1,391,050| |**Total funds**|||**2,698,299**||1,396,050| The Financial Statements were approved by the Board on…11.3.24 Sophia Ollivierre, Co Chair. Ben Gilman, SPID Treasurer ## **Company registration no. 04466287** The attached notes form part of the financial statements. 10 **SPID Theatre Company Limited Statement of cash flows For the year ended 30 June 2023** |**SPID Theatre Company Limited**
**Statement of cash flows**
**For theyear ended 30 June 2023**||||| |---|---|---|---|---| |**Note**
**Cash flows from operating activities:**
Net cash provided by / (used in) operating activities
**15**
**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**
**16**
Change in cash and cash equivalents due to exchange rate
movements|**2023**
**£**
-
(1,495,572)
-|**2023**
**£**
1,387,740
(1,495,572)
-|**2022**
**2022**
£
£
421,985
909
(117,674)
(150,909)
(267,674)
-
-
-
-
154,311
622,915
-
777,226|| ||-
-
-||-
-
-|| |||||| |||(107,832)
777,226
-||154,311
622,915
-| |||669,394||777,226| 11 **SPID Theatre Company Limited Notes to the financial statements For the year ended 30 June 2023** - **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. 12 **SPID Theatre Company Limited Notes to the financial statements For the year ended 30 June 2023** ## **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: Leasehold improvements 0% 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. 13 **SPID Theatre Company Limited Notes to the financial statements For the year ended 30 June 2023** ## **2 Detailed comparatives for the statement of financial activities** |**iled comparatives for the statement of financial activities**|||| |---|---|---|---| |**Income from:**
Donations
Charitable activities
Investment income
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net gains/(losses) on investments**
**Total net gains/(losses) on investments**
**Net income/(expenditure) for the year**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Net (expenditure)/income before net gains /**
**(losses) on investments**|**Unrestricted**
**£**
54
531,932
909|**Restricted**
**£**
-
182,503
-|**2022**
**Total**
**£**
**54**
**714,435**
**909**| ||**532,895**|**182,503**|**715,398**| ||78,218|227,091|**305,309**| ||**78,218**|**227,091**|**305,309**| ||**454,677**
(12,945)|**(44,588)**
-|**410,089**
(12,945)| ||(12,945)
441,732
117,674|-
(44,588)
(117,674)|(12,945)
397,144
-| ||**559,406**
831,644|**(162,262)**
167,262|**397,144**
998,906| ||1,391,050|5,000|1,396,050| ## **3 Income from charitable activities** |**RBKC**
**The National Lottery Community Fund**
**Jack Petchey**
**Sport England**
**GLA**
**Trust for London**
**Rausing**
**K and C foundation**
**Community business fund**
**City London**
**Foyle Foundation**
**Ragdoll Foundation**
**National Heritage Trust**
**Historic England**
**BBC Children in Need**
**Other**
**PTC Community**
**Social Investment Business**
**John Lyons**
**Ashley Family**
**Clothworkers Foundation**
**Rethink Mental Illness**
**Power to Change**
**Arts Council England**
**City bridge**
**Sutton Hill Estate**
**Department for Work & Pensions**|Unrestricted
£
-
139
-
-
23,320
-
-
-
-
-
-
-
-
-
-
-
5,236
-
160,000
-
-
-
-
-
-
-
5,000|Restricted
£
35,157
-
308,596
900
76,680
352,819
-
-
-
-
-
-
4,000
383,120
-
-
-
-
-
29,000
7,950
75,000
14,280
10,000
29,760
57,973
-|**2023**
**Total**
**£**
**35,157**
**139**
**308,596**
**900**
**100,000**
**352,819**
**-**
**-**
**-**
**-**
**-**
**-**
**4,000**
**383,120**
**-**
**-**
**5,236**
**-**
**160,000**
**29,000**
**7,950**
**75,000**
**14,280**
**10,000**
**29,760**
**57,973**
**5,000**|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
-
-
-
-
-
-
-
-
-|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**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**| |---|---|---|---|---|---|---| ||**193,695**|**1,385,235**|**1,578,930**|**531,932**|**182,503**|**714,435**| 14 **SPID Theatre Company Limited Notes to the financial statements For the year ended 30 June 2023** ## **4 Analysis of expenditure** |**Analysis of expenditure**|||| |---|---|---|---| |Artistic and educational
Payroll costs
Support costs
Telephone and office costs
Equiment
Advertising
Insurance
Investment fee
Subscriptions
Independent Examiner`s Fees
Audit fees
Admin and evaluation
Rent
Refreshments
Travel
Bank charges
Computer running
Sundry
Depreciation
**Total expenditure**|Activity
**2023 Total**
£
**£**
84,191
**84,191**
142,918
**142,918**
18,822
**18,822**
7,135
**7,135**
1,982
**1,982**
-
**-**
2,751
**2,751**
1,935
**1,935**
-
**-**
5,100
**5,100**
4,092
**4,092**
4,115
**4,115**
68
**68**
1,057
**1,057**
145
**145**
-
**-**
5,578
**5,578**
1,053
**1,053**
**280,942**
**280,942**
Charitable||2022 Total
£
119,353
159,022
2,638
-
2,024
1,641
2,542
153
3,180
-
3,599
3,311
556
1,036
-
3,498
1,307
1,449| ||Activity
£
84,191
142,918
18,822
7,135
1,982
-
2,751
1,935
-
5,100
4,092
4,115
68
1,057
145
-
5,578
1,053||| ||**280,942**|**280,942**|305,309| Of the total expenditure £280,942 was unrestricted (2022: £78,218) and £Nil was restricted (2022: £227,091). ## **4a Analysis of expenditure (prior year)** |Artistic and educational
Payroll costs
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**|Activity
**2022 Total**
£
**£**
119,353
**119,353**
159,022
**159,022**
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
**305,309**
**305,309**
Charitable|Activity
**2022 Total**
£
**£**
119,353
**119,353**
159,022
**159,022**
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
**305,309**
**305,309**
Charitable|2021 Total
£
84,203
68,227
2,883
1,129
876
-
-
3,000
1,555
5,411
-
5,515
629
128
820
756
1,999| |---|---|---|---| ||Activity
£
119,353
159,022
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||| ||**305,309**|**305,309**|177,131| Of the total expenditure £78,218 was unrestricted (2021: £110,555) and £227,091 was restricted (2021: £66,576). 15 **SPID Theatre Company Limited Notes to the financial statements For the year ended 30 June 2023** ## **5 Net income / (expenditure) for the year** This is stated after charging / (crediting): |is stated after charging / (crediting):
Depreciation
Audit
Independent Examination|**2023**
**£**
**1,053**
**4,250**
**-**|2022
£
1,449
-
2,650| |---|---|---| ## **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|**2023**
**£**
**129,133**
**11,637**
**2,148**|2022
£
144,817
11,719
2,486| |---|---|---| ||**142,918**|159,022| ||**2023**
**No.**
**10**|2022
No.
11| ||**10**|11| No employee received emoluments amounting to over £60,000 during the current year (2022: nil). The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: nil) neither were they reimbursed expenses during the year (2022: nil). No charity trustee received payment for professional or other services supplied to the charity (2022: nil). The total employee benefits including pension contributions of the key management personnel were Nil (2022: nil). ## **7 Taxation** The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. ## **8** |**Tangible fixed assets**
**Cost**
At the start of the year
Additions in year
Disposals in year
At the end of the year
**Depreciation**
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
**Net book value**
At the end of the year
At the start of the year|481,488
1,495,572
-
Leasehold
improvement|£
5,642
-
-
Fixtures and
fittings|£
2,472
-
-
Computer
equipment|**Total**
**£**
**489,602**
**1,495,572**
-| |---|---|---|---|---| ||1,977,060|5,642|2,472|**1,985,174**| ||-
-
-|2,567
769
-|1,611
284
-|**4,178**
**1,053**
**-**| ||-|3,336|1,895|**5,231**| ||1,977,060|2,306|577|**1,979,943**| ||481,488|3,075|861|**485,424**| 16 **SPID Theatre Company Limited Notes to the financial statements** ## **For the year ended 30 June 2023** - **8a Tangible fixed assets (prior year reinstated)** |**D Theatre Company Limited**
**es to the financial statements**
**theyear ended 30 June 2023**
**Tangible fixed assets (prior year reinstated)**||||| |---|---|---|---|---| |**Tangible fixed assets**
**Cost**
At the start of the year moved from professional fees *
Additions in year moved from professional fees *
Disposals in year
At the end of the year
**Depreciation**
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
**Net book value**
At the end of the year
At the start of the year|363,814
117,674
-
Leasehold
improvement|£
5,642
-
-
Fixtures and
fittings|£
2,472
-
-
Computer
equipment|**Total**
**£**
**371,928**
**117,674**
-| ||481,488|5,642|2,472|**489,602**| ||-
-
-|1,542
1,025
-|1,187
424
-|**2,729**
**1,449**
**-**| ||-|2,567|1,611|**4,178**| ||481,488|3,075|861|**485,424**| ||363,814|4,100|1,285|**369,199**| *Leasehold improvements brought forward figure was restated. 17 **SPID Theatre Company Limited Notes to the financial statements For the year ended 30 June 2023** ## **9 Investments** |**Investments at fair value:**
Rathbones Segregated Fund
**Movements**
Market value at the start of the year
Additions at cost
Disposals at carrying value
Net gain / (loss) on revaluation
Market value at the end of the year
**Debtors**
TTR relief
Other debtors
**Creditors: amounts falling due within one year**
Trade Creditors
Accruals
**Creditors: amounts falling due within one year**
Rocovery loan|**2023**
**£**
**141,872**|2022
£
137,964| |---|---|---| ||**141,872**|137,964| ||**137,964**
**-**
-
**3,908**|-
150,909
-
(12,945)| ||**141,872**|137,964| ||**2023**
**£**
**8,232**
**5,000**|2022
£
7,812
-| ||**13,232**|7,812| ||**2023**
**£**
**22**
**6,120**|2022
£
8,176
4,200| ||**6,142**|12,376| ||**2023**
**£**
**100,000**|2022
£
-| ||**100,000**|-| ## **10 Debtors** **11 Creditors: amounts falling due within one year** Trade Creditors Accruals ## **12 Creditors: amounts falling due within one year** ## **13 Analysis of net assets between funds** |Fixed assets
Net assets
**Net assets at the end of the year**
**Analysis of net assets between funds (prior year)**
Fixed Assets
Net current assets
**Net assets at the end of the year**|General
unrestricted
£
2,121,815
576,484|Designated
£
-
-|Restricted
£
-
-|**Total funds**
**£**
**2,121,815**
**576,484**| |---|---|---|---|---| ||2,698,299|-|-|**2,698,299**| ||General
unrestricted
£
623,388
767,662|Designated
£
-
-|Restricted
£
-
5,000|**Total funds**
**£**
**623,388**
**772,662**| ||1,391,050|-|5,000|**1,396,050**| ## **13a Analysis of net assets between funds (prior year)** 18 **SPID Theatre Company Limited Notes to the financial statements For the year ended 30 June 2023** ## **14 Movements in funds** |**Movements in funds**|||||| |---|---|---|---|---|---| |**Restricted funds:**
RBKC
Arts Council
**General funds**
**Total unrestricted funds**
**Total funds**
City Bridge
Sport England
National Heritage Trust
Ashley Family
John Lyons
Power to Change
The Ragdoll Foundation
The National Lottery Community Fund
Greater London Authority
Rethink Mental Illness
Clothworkers Foundation
Jack Petchey|£
**5,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
At the start of the
year|£
35,157
29,760
75,000
352,819
900
14,280
76,680
57,973
308,596
4,000
10,000
29,000
383,120
7,950
Incoming
resources &
gains|£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Outgoing
resources &
losses|Transfers
£
(40,157)
(29,760)
(75,000)
(352,819)
(900)
(14,280)
(76,680)
(57,973)
(308,596)
(4,000)
(10,000)
(29,000)
(383,120)
(7,950)|**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**At the end of**
**the year**| ||**5,000 7**|
1,385,235|-|(1,390,235)|**-**| ||**1,391,050**|197,956|(280,942)|1,390,235|**2,698,299**| ||**1,391,050**|197,956|(280,942)|1,390,235|**2,698,299**| ||||||| ||**1,396,050**|1,583,191|(280,942)|**-**|**2,698,299**| ## **Purposes of restricted funds** Restricted funds funded the delivery of the following programs: Estate Endz Estate Voices Community Hub SPID Refurb Far Far Away |**14a Movements in funds (prior year)**
**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**|£
160
72,259
50,000
-
-
-
-
-
44,844
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)
(3,441)
Outgoing
resources &
losses|Transfers
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
(117,674)|**£**
**5,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**At the end of**
**the year**| |---|---|---|---|---|---| ||**167,262**|**182,503**|**(227,091)**|**(117,674)**|**5,000**| ||831,644|532,895|(91,163)|117,674|**1,391,050**| ||831,644|532,895|(91,163)|117,674|**1,391,050**| ||998,906|715,398|(318,254)|**-**|**1,396,050**| ## **Purposes of restricted funds** Restricted funds funded the delivery of the following programs: Estate Endz Estate Voices Community Hub SPID Refurb Far Far Away 19 ## **SPID Theatre Company Limited Notes to the financial statements** ## **For the year ended 30 June 2023** - **15 Reconciliation of net income / (expenditure) to net cash flow from operating activities** |**D Theatre Company Limited**
**es to the financial statements**
**theyear ended 30 June 2023**
**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**|**2023**
**£**
**1,302,249**
**1,053**
**-**
**(3,908)**
**(5,420)**
**93,766**|2022
£
397,144
1,449
(909)
12,945
-
11,356| ||**1,387,740**|421,985| ## **16 Analysis of cash and cash equivalents** |**Analysis of cash and cash equivalents**||||| |---|---|---|---|---| |Cash at bank and in hand
**Total cash and cash equivalents**|£
777,226
2022|Cash flows
£
(107,832)|£
-
Other
changes|**£**
**669,394**
**2023**| ||777,226|(107,832)|**-**|**669,394**| ## **17 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. ## **18 Related party transactions** There are no related party transactions to disclose for 2023 (2022: none). 20