||||Page|
|---|---|---|---|
|Report ofthe|Trustees|||
|Report ofthe|Independent|Auditors||
|Consolidated|Statement|of Financial Activities||
|Consolidated|and Charity|Balance Sheets|10|
|Consolidated|Cash Flow|Statement||
|Notes to the|Consolidated|Cash Flow Statement||
|Notes to the|Financial Statements||13|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2023|2023|2023|2022|
||||Notes|F|F|F|F|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||524,937|3,000|527,937|687,000|
|Charitable
activities||||||||
|Education
and training|through|artistic performance|5|537,048|458,176|995,224|790,396|
|Other trading||||124,489||124,489|37,773|
|activities||||||||
|Other income||||12,353||12,353|4,395|
|Total||||1,198,827|461,176|1,660,003|1,519,564|
|EXPENDITURE ON||||||||
|Cost ofother trading
activates|||7|60,557||60,557|12,419|
|Charitable
activities|||8|||||
|Education
and training|through|artistic performance||1,457,071|423,798|1,880,869|1,436,714|
|Total||||1,517,628|423,798|1,941,426|1,449,133|
|NET INCOME/(EXPENDITURE)||||(318,801)|37,378|(281,423)|70,431|
|Transfers
between funds||||2,055|(2,055)|||
|Net movement
in funds||||(316,746)|35,323|(281,423)|70,431|
|RECONCILIATION
OF|FUNDS|||||||
|Total funds brought forward||||1,652,560|50,101|1,702,661|1,632,230|
|TOTAL FUNDS CARRIED FORWARD||||1,335,814|85,424|1,421,238|1,702,661|
##
|||||Group|||Charity|
|---|---|---|---|---|---|---|---|
|||Notes|2023
f|2022||2023
E|2022|
|FIXEDASSETS||||||||
|Tangible assets||15|1,238,025|1,242,299||1,238,025|1,242,299|
|Investments||16||||1|1|
||||1,238,025|1,242,299||1,238,026|1,242,300|
|CURRENT ASSETS||||||||
|Debtors: amounts|falling due within one year|17|278,249|283,409||97,550|98,066|
|Stocks|||8,144|5,484||||
|Cash at bank|||429,423|530,181||426,667|528,852|
||||715,816|819,074||524,217|626,918|
|CREDITORS||||||||
|Amounts
falling due within one year||18|(352,549)|(171,604)||(351,493)|(166,084)|
|NET CURRENT ASSETS|||363,267|647,470||172,724|460,834|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||1,601,292|1,889,769||1,410,750|1,703,134|
|CREDITORS||||||||
|Amounts
falling due after more than one year||19|(180,054)|(187,108)||(180,054)|(187,108)|
|NET ASSETS|||1,421,238|1,702,661||1,230,696|1,519,026|
|FUNDS||22||||||
|Unrestricted
funds:||||||||
|General
fund|||1,335,814|1,652,560||1,145,272|1,465,925|
|Restricted funds|||85,424|50,101||85,424|50,101|
|NET ASSETS|||1,421.236|1102661|,|1,2.30,666|1,516,026|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes||E|
|Cash flows from operating
activities:|||||||
|Cash generated
from operations|||||(27,437)|15,487|
|Taxation|||||||
|Net cash provided
by (used in) operating|||||||
|activities|||||~27437)|15,487|
|Cash flows from investing|activities:||||||
|Purchase oftangible
fixed assets|||||(77,903)|(33,919)|
|Sale oftangible assets|||||11,206|2,332|
|Net cash provided
by (used in) investing|||||(66,697)|(31,587)|
|activities|||||||
|Cash flows from financing
Loan repayments
in year|activities:||||~6,624)|~7,922)|
|Net cash provided
by (used in) financing|||||(6,624)|(7,922)|
|activities|||||||
|Change
in cash and cash|equivalents|in the|||(100,758)|(24,022)|
|reporting
period|||||||
|Cash and cash equivalents|at the beginning||of||530,181|554,203|
|the reporting
period|||||||
|Cash and cash equivalents|at the end|ofthe|||||
|reporting
period|||||423,423|530,181|
|1.|RECONCILiATION|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|TO NET CASH FLOW|FROM||
|---|---|---|---|---|---|---|
||OPERATING ACTIVITIES||||||
||||||2023|2022|
||Net income/(expenditure)
for the reporting||period (as|per the statement|(281,423)|70,431|
||offinancial activities)||||||
||Adjustments
for:||||||
||Depreciation
charges||||79,654|102,439|
||Loss on disposal of|fixed assets|||(8,683)|(39)|
||Theatre tax relief claim|||||(187,270)|
||(Increase)/decrease|in stock|||(2,660)|(2,314)|
||(Increase)/decrease|in debtors|||5,160|(36,432)|
||Increase/(decrease)|in creditors|||180,515|68,672|
||Net cash provided|by (used in) operating|activities||~27,437)|15.487|
|2.|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||
||||||2023|2022|
||||||F.||
||Cash in hand||||19,796|16,207|
||Cash at bank||||409,627|513,974|
||Total cash and cash equivalents||||429,423|539,181|
|3.|ANALYSIS OF CHANGES
IN NET DEBT||||||
|||||At 1/4/22|Cash flow|At 31/3/23|
|||||F|E||
||Net cash||||||
||Cash at bank and in|hand||530,181|(100,758)|429,423|
|||||530,181|(100,758)|429,423|
||Debt||||||
||Debts falling due within one year|||(7,863)|(430)|(8,293)|
||Debts falling due after one year|||(187,108)|7,054|~180054)|
|||||))94.97))|6 624|))88.347)|
||Total|||335,210|~94,134)|241,076|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|DONATIONS
AND LEGACIES|||
|---|---|---|
||2023|2022|
|||E|
|Donations|20,754|7,725|
|Gift aid|1,431||
|Grants|410,752|679,275|
|Donated services and facilities|95,000||
||327,637|667,DDD|
|Gran|ts receiv|ed were as foliows:|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||f|E|
|Arts|Council|ofWales -APW funding|||199,700|196,749|
|Arts|Council|England - NPO funding|||204,861|204,861|
|Job|retention|scheme grant||||32,068|
|Arts|Council|ofWales —Covid-19 recovery|fund|||95,325|
|Arts|Council|of England —Covid-19 recovery||fund||150,272|
|Arts|Council|ofWales —Cost of living funding|||6,191||
||||||410,752|679,275|
##
##
|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|||
|---|---|---|---|
|||2023|2022|
|||f|f|
|Corporate|sponsorship||798|
|Catering|income|||
|Bar takings
and popcorn sales||112,432|31,195|
|Merchandising||6,326|3,346|
|Rent and|hires|1,183||
|Professional
fees|||2,434|
|Individual|lessons|1,360||
|Agency performance||3,188||
|||124,489|37,773|
|INCOME|FROM CHARITABLE ACTIVITIES|||
|||2023|2022|
|||f|f|
|Grants||458,176|427,051|
|Performance
fees||488,874|138,215|
|Workshop|fees|44,810|31,744|
|Community|performances|3,364|6,116|
|Theatre tax relief claim|||187270|
|||995,224|790,396|
|Grants received,
included
in the above,|a|re a|s fol|lows:|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||f|f|
|Arts Council ofWales - Clifton Street Festival|||||46,210||
|Big Lottery - Clifton Street Festival|||||9,840||
|Cardiff Community
Housing
Association||- Clifton||Street Festival|5,000||
|Big Lottery —Warm Spaces|||||9,897||
|Cardiff Third Sector Council - Warm Spaces|||||1,500||
|Welsh Government
-Circus Village|||||25,000||
|Arts Council ofWales - Circus Viilage|||||63,500|129,121|
|Creative Scotland - Circus Village|||||20,000|25,000|
|Arts Council of England - Circus Village|||||60,001|98,859|
|Cardiff Third Sector Council - Summer|of Fun||||5,000||
|Arts Council ofWales - Sabotage Welsh||Tour|||49,050||
|WCVA: Third Sector Resilience Fund 3|||||35,480||
|Oakdale Trust|||||1,500||
|Arts &Business Cymru - Culture Step|||||2,500|1,394|
|Cardiff University|||||3,052||
|Arts &Business
Cymru - Creative
internship|||programme||5,646|6,704|
|Moondance
Foundation|||||20,000|60,000|
|Paul Hamlyn
Foundation|||||95,000|82,000|
|Arts Council ofWales - project funding|to|support||the Transitions||2,973|
|project|||||||
|The Rayne Foundation||||||10,000|
|The British Council - Drum
up a circus||||||8,000|
|The Gibbs Trust||||||30M|
||||||458,176|427,051|
##
|5.|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|continued||||
|---|---|---|---|---|---|---|---|---|---|---|
||Performance|fees, included
in Ihe above, are|||||as follows:||||
||||||||||2023|2022|
|||||||||||f|
||Sabotage tour||||||||488,874||
||Lexicon tour|||||||||135215|
||||||||||488,874|138,215|
|6.|RESULTS OF||PARENT CHARITABLE COMPANY||||||||
||The income|ofthe parent chaditable||||company|was F1,647,946|and net deficit was 8285,330.|||
|7.|COSTS OF OTHER TRADING||||ACTIVITIES||||||
||||||||||2023|2022|
|||||||||||E|
||Bar and popcorn costs||||||||52,866|12,419|
||Merchandising||costs||||||5,806||
||Other costs||||||||1,885||
||||||||||60,557|12,419|
|8.|CHARITABLE||ACTIVITIES COSTS||||||||
|||||||||Direct costs|Support costs|Totals|
|||||||||(See note 9)|(See note 10)||
|||||||||E|||
||Education
and||training|through|artistic performance|||1,496,661|384,208|1,880,869|
##
##
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||f|f.|
|Rates, rent and water|||||||12,535|8,313|
|Insurance|||||||34,332|28,757|
|Light and|heat||||||9,751|8,098|
|Motor and|travel||||||18,991|18,102|
|Telephone|||||||4,711|3,763|
|Fixed asset depreciation|||||||76,889|99,801|
|Workshop|and classes|programme|||||4,147|4,063|
|Other performance-based|||costs||||250,432|195,735|
|Advertising|and marketing||||||38,011|30,459|
|Repairs and maintenance|||||||11,170|6,902|
|Production|costs||||||511,488|385,915|
|Irrecoverable
VAT|||||||36,092|20,436|
|Cost ofdonated services and facilities|||||||95,000||
|Legal and|professional|fees||||||5,125|
|(Surplus)/Deficit
on disposal offixed||||assets||||(39)|
|Staff costs|||||||393,112|334,828|
||||||||1,496,661|1,150,258|
|SUPPORT|COSTS||||||||
||||||||Governance||
||||Management||Depreciation|Other|costs|Totals|
|||||E|E|E|E|8|
|Education|and training||||||||
|through
arlistic performance||||269,202|2,765|102,573|9,668|384,208|
##
|||2023|2022|
|---|---|---|---|
|||E|8|
|Auditors'
remuneration||8,940|8,490|
|Auditors'
remuneration|—other financial services||1,000|
|Depreciation —owned assets
(Surplus)/Deficit
on disposal offixed assets||79,654
~8,6837|102,439
~39)|
##
##
##
|STAFF COSTS|STAFF COSTS|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
||||||||||f|
|Wages and|salaries|||||||606,557|493,841|
|Social security costs||||||||44,232|33,401|
|Other pension costs||||||||11,525|9,193|
|||||||||662,324|536,435|
|Particulars|ofemployees:|||||||||
|The average|number ofemployees||during||the year was as||follows:|||
|||||||||2023|2022|
|||||||||No|No|
|Average
number ofemployees||||||||33|30|
|No employee|received emoluments|||ofmore than f60,000 during the year (2022 - Nil).||||||
|The total key management||personnel||remuneration||benefits|during|the year were f114,218(2022 - f108,144).||
##
##
||||2022|2022|2022|
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total funds|
||||funds
f|funds
f||
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies|||687,000||687,000|
|Charitable
activities||||||
|Education
and training|through|artistic performance|376,345|414,051|790,396|
|Other trading
activities|||37,773||37,773|
|Other income|||4 396||4,395|
|Total|||1,105,513|414,051|1,519,564|
|EXPENDITURE ON||||||
|Cost ofother trading
activates|||12,419||12,419|
|Charitable
activities||||||
|Education
and training|through|artistic performance|716,079|720,635|1,436,714|
|Other||||||
|Total|||728,498|720,635|1,449,133|
|NET INCOME/(EXPENDITURE)|||377,015|(306,584)|70,431|
|RECONCILIATION
OF|FUNDS|||||
|Total funds brought
forward|||1,275,545|356,685|1,632,230|
|TOTAL FUNDS CARRIED FORWARD|||1,652,560|50,101|1,702,661|
##
##
||Long|||||
|---|---|---|---|---|---|
||leasehold|||||
||property|||Fixtures
&||
||improvements
F|Equipment|Motor vehicles|fittings|Totals
f|
|COST||||||
|At 1 April 2022|1,360,182|520,551|56,096|14,474|1,951,303|
|Additions
Disposals||29,518
~69.484)|43,700
~3,200)|4,685|77,903
~72,684)|
|At 31 March 2023|1,360,182|480,585|96,596|19,159|1,956,522|
|DEPRECIATION||||||
|At 1 April 2022|217,611|444,468|41,175|5,750|709,004|
|Charge for year
Eliminated
on disposal|27,204|43,231
~69.484)|6,454
~677)|2,765|79,654
~70.16))|
|At 31 March 2023|244,815|418,215|46,952|8,515|718,497|
|NET BOOK VALUE||||||
|At 31 March 2023|1.115,367|62.37D|49,644|10,644|1,238,025|
|At 31 March 2022|1 142,571|76,D83|14,921|8724|1,242,299|
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||f|f|f|f|
|Trade debtors||||2,460|7,127|2,460|7,127|
|Amounts
owed by group|||undertakings|||6,765|1,927|
|VAT||||10,893||10,699||
|Prepayments|and accrued income|||77,626|89,012|77,626|89,012|
|Theatre tax relief recoverable||||187,270|187,270|||
|||||278,249|283,409|97,550|98066|
|CREDITORS:|AMOUNTS
FALLING DUE WITHIN ONE YEAR —Group and charity|||||||
|||||Group|Group|Charity|Charity|
|||||2023
f|2022
f|2023|2022|
|Bank loans and overdraft|||(see note 20)|8,293|7,863|8,293|7,863|
|Trade creditors||||63,175|40,314|62,959|36,592|
|Social security|and other taxes|||11,091|10,043|11,091|10,043|
|VAT|||||2,532||2,364|
|Other creditors||||2,799|2,478|2,799|2,478|
|Accruals and deferred||income||267,191|108,374|266,351|106,744|
|||||352,549|171,604|351493|166,084|
|Included
within|Accruals||and deferred income above is the following||deferred
income:|||
|||||||2023
f|2022
f|
|Moondance
Foundation||||||60,000||
|British Council||||||10,000||
|WCVA|||||||26,610|
|Sabotage box|office|||||25,356|55,017|
|Sabotage performance||fees||||86,296||
|Circus Village|donation|||||3,210||
|Arts Council ofWales —Circus Village||||||50,800||
|Creative Scotland —Circus Village||||||10,000||
|||||||245,662|~81 627|
##
|19.|CREDITORS: AMOUNTS||FALLING DUE AFTER|MORE THAN ONE YEAR- Group and charity||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
||Bank loans (see note 20)|||180,054|187,108|
|20.|LOANS|||||
||An analysis ofthe maturity|ofloans is given below:||||
|||||2023|2022|
||||||E|
||Amounts
falling due within one year on demand:
Bank loans -1-2years|||8,293|7,863|
||Amounts
falling between one and two years:|||||
||Bank loans - 1-2years|||8,293|7,863|
||Amounts
falling due between||two and five years:|||
||Bank loans - 2-5 years|||26,879|25,588|
||Amounts
falling due in more||than five years:|||
||Repayable
by instalments:|||||
||Bank loans more 5years by||instalments|144,882|153,657|
|21.|SECURED DEBTS|||||
||The following secured debts||are included
within creditors:|||
|||||2023|2022|
|||||E||
||Bank loans|||188,347|194,971|
|||||188.347|194,971|
||There is a fixed and floating|charge over the assets||ofthe group.||
||The bank loan is secured against the long leasehold|||property.||
##
|22.|MOVEMENT
IN FUNDS|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Net movement|Transfers|||
||||||||||At1/4/22|in funds
f|between|funds
E|At 31/3/23
8|
||Unrestricted
funds|||||||||||||
||General
fund||||||||1,556,560|(317,452)||96,706|1,335,814|
||Designated
fund —production||fund||||||96,000|(1,349)|(94,651)|||
||||||||||1,652,560|(318,801)||2,055|1,335,814|
||Restricted funds|||||||||||||
||Arts & Business Cymru|- Culture Step||||||||2,500|||2,500|
||Oakdale Trust|||||||||1,500|||1,500|
||Paul Hamlyn
Foundation||||||||50,101|31,323|||81,424|
||Viridor and Prosiect Gwyrdd||Community|||||||2,055||(2,055)||
||Fund|||||||||||||
||||||||||50,101|37,378||(2,055)|85,424|
||TOTAL FUNDS||||||||1,702,661|~281,423)|||1,421,238|
||Net movement
in funds,|included
in||the||above||are as follows:||||||
|||||||||||Incoming|Resources||Movement
in|
|||||||||||resources|expended||funds|
|||||||||||F||||
||Unrestricted
funds|||||||||||||
||General
fund|||||||||1,198,827|(1,516,279)||(317,452)|
||Designated
fund —production||fund|||||||||(1,349)|(1,349)|
|||||||||||1,198,827|(1,517,628)||(318,801)|
||Restricted funds|||||||||||||
||Arts & Business Cymru|- Culture Step||||||||2,500|||2,500|
||Oakdale Trust|||||||||1,500|||1,500|
||Moondance
Foundation|-Community||||Core||||20,000||(20,000)||
||Programme|||||||||||||
||Arts & Business Cymru|- Creative||Internship||||Programme||5,646||(5,646)||
||Paul Hamlyn
Foundation|||||||||95,000||(63,677)|31,323|
||WCVA: Third Sector Resilience Fund|||||3||||35,480||(35,480)||
||Arts Council ofWales -|Clifton Street Festival||||||||46,210||(46,210)||
||Big Lottery - Clifton Street Festival|||||||||9,840||(9,840)||
||Cardiff Community
Housing||Association||||- Clifton Street Festival|||5,000||(5,000)||
||Cardiff Third Sector Council||- Summer|||of Fun||||5,000||(5,000)||
||Arts Council ofWales —Sabotage|||||||||49,050||(49,050)||
||Arts Council ofWales -|Circus Village||||||||63,500||(63,500)||
||Creative Scotland - Circus Village|||||||||20,000||(20,000)||
||Arts Council ofEngland|- Circus Village||||||||60,001||(60,001)||
||Big Lottery - Winter Warm Creative||||Hub|||||9,897||(9,897)||
||Cardiff Third Sector Council||- Winter||Warm Creative||||hub|1,500||(1,500)||
||Welsh Government
-Circus||Village|||||||25,000||(25,000)||
||Viridor and Prosiect Gwyrdd
Cardiff University
- Graduate||Community
internship||||Fund
programme|||3,000
3,052|(945)
~3,062)||2,055|
|||||||||||461,176|(423,798)||37,378|
||TOTAL FUNDS|||||||||1,660,003|~1,94),426)||~28),423)|
##
|22.|MOVEMENT
IN FUNDS|MOVEMENT
IN FUNDS|—continued|—continued|—continued|—continued||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Comparatives
for movement||||in funds|||||||||||
|||||||||||||Net movement|Transfers|||
||||||||||||At 1/4/21|in funds|between|funds|At 31/3/22|
||||||||||||E|F||E|E|
||Unrestricted
funds|||||||||||||||
||General
fund||||||||||1,275,545|377,015|(96,000)||1,556,560|
||Designated
fund —production|||fund||||||||||,96,000|96,000|
||||||||||||1,275,545|377,015|||1,652,560|
||Restricted funds|||||||||||||||
||Youth Circus||||||||||1,750|(1,750)||||
||Arts Council ofWales —COVID-19: Support||||||||||34,909|(34,909)||||
||for Arts Organisations|(Revenue)||||||||||||||
||Arts Council ofWales —Re-imagining|||||||a|||10,980|(10,980)||||
||community|||||||||||||||
||Garfield Weston||||||||||276,260|(276,260)||||
||Arts Council ofWales —Connect|||||and|Flourish||||32,786|(32,786)||||
||funding
to support the|Circus Village||||||||||||||
||Paul Hamlyn
Foundation|||||||||||50,101|||50,101|
||||||||||||356,685|(306,584)|||50,101|
||TOTAL FUNDS||||||||||1,632,230|70,431|||1,702,661|
||Net movement
in funds,|included||||in the||above||are as follows:||||||
|||||||||||||Incoming|Resources||Movement
in|
|||||||||||||resources|expended||funds|
||||||||||||||||8|
||Unrestricted
funds|||||||||||||||
||General
fund|||||||||||1,105,513|(728,498)||377,015|
||Restricted funds|||||||||||||||
||Arts Council ofWales -|Transition||||||||||2,973||(2,973)||
||Arts & Business Cymru|—Culture||||Step||||||1,394||(1,394)||
||Youth Circus|||||||||||||(1,750)|(1,750)|
||The British Council —Drum||up|a|Circus|||||||8,000||(8,000)||
||Arts Council ofWales —COVID-19: Support for Arts||||||||||||(34,909)||(34,909)|
||Organisations
(Revenue)|||||||||||||||
||Arts Council ofWales —Re-imagining||||||a community||||||(10,980)||(10,980)|
||Garfield Weston||||||||||||(276,260)||(276,260)|
||Arts Council ofWales —Connect|||||and Flourish||||funding|to|||||
||support
the Circus|||||||||||252,980|(285,766)||(32,786)|
||Moondance
Foundation|—Community|||||Core Programme|||||60,000|(60,000)|||
||Arts & Business
Cymru|—Creative||||Internship|||Programme|||6,704|(6,704)|||
||Paul Hamlyn
Foundation|||||||||||82,000|(31,899)||50,101|
|||||||||||||414,051|(720,635)||(306,584)|
||TOTAL FUNDS|||||||||||||||
##
##
##
##
##
##
##
##
##
##
##
##
|have been consolidated|have been consolidated|have been consolidated|have been consolidated|on a line by line b|on a line by line b|asis in the SOFA. T|he total net profit|is gifted to the char|ity.|
|---|---|---|---|---|---|---|---|---|---|
|A summary
ofthe results||||ofthe subsidiary||is shown below:||||
|||||||||2023|2022|
|||||||||f|f|
|Turnover||||||||12,057|661,764|
|Cost ofsales||||||||(7,691)|(658,248)|
|Gross profit||||||||4,366|3,516|
|Administrative||expenses||||||(459)|(1,247)|
|Profit on ordinary|||activities before taxation|||||3,907|2,269|
|Tax on loss on||ordinary||activities|||||187,270|
|Profit for the financial year||||||||||
|||||||||3,907|189,539|
|The aggregate|of||the assets, liabilities||and|funds was:||||
|||||||||2023|2022|
|||||||||f|f|
|Assets||||||||198,364|194,083|
|Liabilities||||||||(7,821)|(7,447)|
|Funds (including|||1 ordinary share of||f1)|||190,543|186,635|
|ANALYSIS OF||NET ASSETS BETWEEN||||FUNDS||||
||||||||Restricted|Unrestricted||
||||||||funds
f|funds
f|Total
f|
|Fund balances||at 31 March 2023||||||||
|are represented|||by:|||||||
|Tangible fixed|assets|||||||1,238,025|1,238,025|
|Current assets|||||||352,302|363,514|715,816|
|Current
liabilities
Long term liabilities|||||||(266,878)|(85,671)
~I80.054)|(352,549)
~180,054)|
|Total net assets|||||||89,429|1.331.809|1.421.238|