OpenCharities

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

2022-03-31-accounts

Page
Legal and administrative information
Chair's statement
Artistic Director's introduction
Trustees'
report		 6-13
Auditors'
report		 14-17
Statement
of financial		 activities (including income and expenditure account) 18 - 20
Balance sheet 21
Statement
of cash		 flows 22
Notes to the financial statements 23-29

Unrestricted Restricted 2022 Unrestricted Restricted 2021
funds funds Total funds funds Total
Notes
Incoming resources 2
Incoming
resources
from generated		 funds:
Voluntary
income		 215,188 215,188 215,103 215,103
Investment
income - bank
interest 26 26 51 51
In kind support
Incoming
resources
from charitable
activities:
Theatrical
income		 39,460 39,460 32,558 32,558
Theatre tax relief 31,656 31,656
Project specific funding 85,319 85,319 920 920
Total incoming
resources		 286,330 85,319 371,649 247,712 920 248,632
Resources expended
Cost of generating
funds
Fundraising
costs		 17,713 17,713 17,374 17,374
Charitable
activities
Production/project
costs		 155,143 80,819 235,962 131,558 5,500 137,058
Support costs 90,779 90,779 86,933 86,933
Total resources expended 263,635 80,819 344,454 235,865 5,500 241,365
Net movement
in funds
Net income/(expenditure) for the
year 22,695 4,500 27,195 11,847 (4,580) 7,267
Total funds brought
forward		 156,184 156,184 144,337 4,580 148,917
Total funds carried forward 14 178,879 4,500 183,379 156,184 156,184

2022 2021
Incoming resources
Incoming resources from generated funds
Voluntary
income
Grants
ACE - main 215,103 215,103
Sponsorship
Donations 85
215,188 215,103
Incoming resources from charitable activities
Theatrical
income
BoxOffice
Performance
fees		 21,927 14,508
Education Fees 791
Project fees 16,702 15,501
Expenses reimbursed 40 2,155
Other income 394
39,460 32,558
Project specific funding
Grants
ACE —Managed Funds 5,000 920
ACE —Project Funds 80,319
85,319 920

2022 2021
Costs of
eneratin		 funds
Fundraising
Salaries 17,713 17,374
17,713 17,374
Charitable
activities
Production
and activity		 costs
Project development and presentation fees 93,335 29,869
Project workshop/ education Fees 2,100 725
Project development and presentation costs 18,212 10,280
Project workshop/ education costs 582
Project travel and transport costs 11,503 2,189
Project accommodation and subsistence costs 18,035 10,201
Project marketing, documentation and evaluation costs 12,880 8,718
COL team - activity cost of employment and fees 68,167 66,827
COL team project travel, accommodation and subsistence 4,118 583
COL activity support and marketing costs 7,612 7,084
235,962 137,058
Support costs
~Overhe
de
Rent and rates 23,127 23,988
Insurance 3,928 3,771
Depreciation
of fixtures/fittings/equipment		 1,049 558
Loss on disposal of fixed assets 619
28,104 28,946
Administration
Salaries 21,322 20,776
ITcosts 4,144 2,935
Office communication costs 1,623 1,542
Office Sundries 3,154 28
Payroll costs 210 215
Office travel/ transport 148 12
Hospitality 87
30,688 25,508
Professional/financial
Bank charges 238 258
Legal/professional 53 53
(Profit)/loss
on exchange		 203 2,130
494 2,441
Governance
costs
Salaries 21,322 20,776
Bookkeeping 4,992 4,974
Auditors'
remuneration		 4,978 4,245
Board expenses 201 43
31,493 30,038
90,779 86,933
2022 2021
Notes
Fixed assets
Tangible assets 3,148 1,673
Current assets
Debtors 39,730 18,897
Cash at bank and in 169,544 177,166
hand
209,274 196,063
Creditors: amounts
falling due within
one year 10 29,043 41,552
Net current assets 180,231 154,511
Net assets 183,379 156,184
Unrestricted funds 12
General
fund		 178,879 156,184
Restricted funds 13 4,500
Total charity funds 183,379 156,184

2022 2021
Notes
Cash provided
by (used
in) operating
activities		 15 (4,921) 63,047
Cash Flows from
investing
activities
Interest income 26 51
Proceeds from sale of fixed
assets 94
Purchase of tangible
fixed
assets
Cash provided
by (used		 (2,524) ~(1,013
in) investing
activities		 (2,498) (874)
Cash Flows from
financing
activities
Profit (Loss) on exchange		 (203) ~2, 130
Cash provided
by (used
in) investing
activities		 ~203 ~2,130
Increase (decrease)
in cash
and cash equivalents
in the
year (7,622) 60,043
Cash and cash equivalents
at the beginning
of the year		 117,166 117,123
Total cash and cash
equivalents
at the end of
the year 169,544 177,166

Notes to the financial
for the year ended 31		 Notes to the financial
for the year ended 31		 statements
March 2022
Net income for the year is stated after charging: 2022 2021
Depreciation
of tangible		 fixed assets 1,049 558
Loss on disposal of fixed assets 619
Loss/(Profit)
on foreign		 exchange (203) (2,130)
Auditors'
remuneration		 - statutory
audit		 4,000 4,000
Auditors'
remuneration		 -other assurance services 950
Auditors'
remuneration		 —other financial services 100

The aggregated
amount
reimbursed
to t
(2021 - anil).		 rustees
during the year wa		 s anil
Staff costs and numbers 2022 2021
Staff costs
Salaries and wages 108,948 107,010
Social security costs 7,317 6,731
Pension costs 2,159 2,212
118,424 115,953
during the

year was made up as follows:
2022 2021
Number Number
Cost of generating
funds		 0.29 0.29
Charitable activities: Projects 0.95 0.95
Charitable activities: Administration 0.38 0.38
Charitable activities: Governance 0.38 0.38
2.00 2.00

corporation
tax on its income and gains to the extent
its charitable
activities.		 corporation
tax on its income and gains to the extent
its charitable
activities.		 corporation
tax on its income and gains to the extent
its charitable
activities.		 that these ar e applied
to
8. Fixed assets —tangible assets Fixturesl
Circus fittings/
equipment equipment Total
Cost
1 April 2021 4,168 4,168
Additions
during		 year 1,391 1,133 2,524
31 March 2022 1,391 5,301 6,692
Depreciation
1 April 2021 2,495 2,495
Charge for year 348 701 1,049
31 March 2022 348 3,196 3,544
Net book value
31 March 2022 1,043 2,105 3,148
31 March 2021 1,673 1,673
9. Debtors 2022 2021
Trade debtors
Other debtors 3,530 8,477
Prepayments/accrued income 36,200 10,420
39,730 18,897
10. Creditors: amounts falling due within one year 2022 2021
Trade creditors 8,797 5,164
Other taxation/social security 2,974 2,983
Other creditors 17,272 27,015
Accruals/deferred income 6,390
29,043 41,552

for the ye ar ended 31 March 2022
12. Unrestricted funds Brought Incoming Outgoing Carried
forward resources resources forward
2022
General
fund		 156,184 254,674 263,635 147,223
2021 comparative
General
fund		 144,337 247,712 235,865 156,184
13. Restricted funds Brought Incoming Outgoing Carried
forward resources resources forward
2022
Circus Change Up 5,000 500 4,500
Circus Around and About 80,319 80,319
4,580 85,319 80,819 4,500

West England
in Summer 2		 021, and
in		 partnership
wi		 th Take Art.
Brought Incoming Outgoing Carried
forward resources resources forward
2021 comparative
Blame Game —N. Ireland 3,500 3,500
Circus Snapshot 1,080 920 2,000
4,580 920 5,500
14. Analysis of net assets between Analysis of net assets between funds General Restricted Total
funds funds
Fund balances at 31 March 2022 were
represented
by:
Tangible fixed assets 3,148 3,148
Current assets 173,118 4,500 177,618
Creditors: amounts falling due within one
year 29,043 29,043
147,223 4,500 151,723

4 Analysis of net asse Analysis of net asse ts between funds (contin ts between funds (contin ts between funds (contin ts between funds (contin ued)
Fund balances at 31 March 2021 were
represented
by:
Tangible
fixed assets		 1,673 1,673
Current assets 196,063 196,063
Creditors: amounts falling due within one
year 41,552) 41,552
156,184 156,184
15. Reconciliation
of net		 movement in funds to 2022 2021
net cash flow from operating activities
Net movement
in funds		 27,195 7,267
Add back depreciation charge 1,049 558
Add back disposal of fixed assets 619
Deduct interest income shown in investing (26) (51)
activities
Add back (profit) loss on financing activities 203 2,130
Decrease (increase) in debtors (20,833) 20,832
Increase (decrease) in creditors (12,509) 31,692
4,921 63,047
16. Operating
Leases
Total commitments under operating leases were as
follows: 2022 2021
For leasing expiring:
Within one year 18,570
Two to five years
Over five years
18,570