2023-03-31-accounts

			Page
Report ofthe	Trustees		1-13
Independent	auditor's	report	14-18
Consolidated	statement	offinancial activities	19
Consolidated	balance sheet		20
Parent charity balance		sheet	21
Consolidated	statement	ofcash flows	22
Notes to the financial statements			23-35

				Target	22/23	21/22
Contribution				n/a	6581,731	6393,978
Tickets sold				n/a	75,824	60,330
Occupancy				65%	57%	57%
Increase social media following		by		20%	12%	n/a
Increase newsletter	subscribers	by		15%	72,000	n/a
New booker returns	/ second time bookers		within one year	60	59	n/a

		Unrestricted	Restricted	Total	Total
	Note	Funds	Funds	2023	2022
		f	E	E	E
Income from:
Donations and legacies		340,594	19,623	360,217	509,752
Charitable activities:
Operation of music venue	4	1,739,806	192,242	1,932,048	2,348,152
Other trading activities	5	2,372,035		2,372,035	938,039
Total Income		4,452,435	211,865	4,664,300	3,795,943
Expenditure on:
Trading activities	6	1,119,590		1,119,590	461,723
Charitable activities	7	3,233,320	367,342	3,600,662	2,929,489
Total Expenditure		4,352,910	367,342	4,720,252	3,391,212
Transfer offunds	19	30,000	(30,000)
Net movement in funds		129,525	(185,477)	(55,952)	404,731
Total funds brought forward		319,900	202,552	522,452	117,721
Total funds carried forward		449,425	17,075	466,500	522,452

			2023		2022
			f		f
Fixed Assets
intangible assets		12		47,623		24,328
Tangible assets		13		507,763		380,386
				555,386		404,714
Current Assets
Debtors		15	499,069		564,881
Cash at bank and in	hand		331,518		370,093
			830,587		934,974
Creditors: Amounts	falling due	16	(919,473)		(817,236)
within one year
Net current liabilities				(88,886)		117,738
Total assets less current liabilites				466,500		522,452
Income funds
Unrestricted Funds		19		449,425		319,900
Restricted Funds		19		17,075		202,552
				466,500		522,452

				2023		2022
				f		f
Cash flows from operating	activities
Cash generated from/(absorbed by) operations			24		190,810		251,462
Investing activities
Purchase ofintangible fixed assets				(37,790)		(51,030)
Purchase oftangible fixed	assets			(191,595)
Net cash used in investing	activities				(229,385)		(51,030)
Net decrease in cash and	cash equivalents				(38,575)		200,432
Cash and cash equivalents	at beginning	ofyear			370,093		169,661
Cash and cash equivalents	at end ofyear				331,518		370,093

3.	Donations an	d	legaci	es
								2023	2022
								f	E
								360,217	509,752
	E19,623from		charitable			activities was restricted	in 2023 (Enil- 2022).
4.	Income on Charitable			activities
								2023	2022
	Operation	of	music	venue				f	f
	Ticket sales							1,488,565	1,035,232
	Other programme			related income				251,241	180,250
	Government		grant	income					87,737
	Cultural recovery fund							90,638	986,233
	Other grant	income						101,604	58,700
								1,932,048	2,348,152
	Analysis by	fund
	Unrestricted		funds					1,739,806	1,303,219
	Restricted funds							192,242	1,044,933
								1,932,048	2,348,152
	In 2022 Government				grant income comprises monies received under the UK coronavirus			job retention	scheme (2023-
	Enil).
5.	Income on other trading					activities
								2023	2022
								f	f
	Desk income							190,929	158,110
	Event income							2,064,591	628,093
	Room hire							90,995	149,461
	Sponsorship	income						22,000	57,500
	Other income							3,520	2,375
	Total							2,372,035	995,539
	All income from trading					activities was unrestricted	in both 2022 and 2023.
6.	Expenditure	on Trading			activities
								2023	2022
									f
	Commission							447,663	96,266
	Property								66,883
	People							280,411	98,062
	Support cost		(see note			8)		391,516	200,512
	Total							1,119,590	461,723

		Total	Total
		2023	2022
		E	E
People		1,575,574	1,448,464
Artists		946,549	691,100
Marketing		220,494	176,916
		2,742,617	2,316,480
Share ofsupport costs (see note 8)		842,850	601,559
Share ofgovernance	costs (see note 8)	15,195	11,450
Total		3600662	2929489

		Support cost	Governance			Basisof
			cost	2023	2022	allocation
		E	E	E	E
Property		1,093,420		1,093,420	652,306	Direct
Finance/Professional		132,701		132,701	131,482	Direct
Governance			23440	23440	29733	Governance
		1226 121	23440	1 249561	813521
Analysed	between
Trading		383,271	8,245	391,516	200,512
Charitable	activities	842,850	15,195	858,045	613,009
		1,226,121	23,440	1,249,561	813521

					2023	2022
					E	E
Net movement		in funds is	stated after charging
Fees payable	to	the group's	auditor forthe audit ofthe company's	financial statements	19,680	17,025
Fees payable	to	the group's	auditor for tax compliance		990
Fees payable	to	the group's	auditor for accountancy		4,290	3,900
Depreciation	of	owned tangible fixed assets			64,218	81,059
Amortisation	of	intangible	assets		14,495	14,490
Operating lease		charges			26,400	25 000

Number ofemployees	Number ofemployees
The average	monthly number of
employees	during the year	was:			2023	2022	2023	2022
					FTE	FTE	Number	Number
Permanent	staff				28	22	28	22
Casual staff					25	16	81	63
Total					53	38	109	85
Employment	costs						2023	2022
							E	E
Wages and	salaries						1,629,126	1,404,744
Socialsecurity costs							138,421	106,393
Other pension costs							28,271	24,991
							1,795,818	1,536,128
The number	ofemployees	whose annual	remuneration	was	E60,000or more were:		2023	2022
							Number	Number
E60,000-E70,000							1	1
E70,000-E80,000							1	1
Total pension costs paid on behalf ofthe			above employees		were E2,642 (2022:E2,642).

								Website
Group and charity							Software	development	Total
							f	f	f
Cost
At 1April 2022							24,571	47,889	72,460
Additions							37790		37,790
At 31March 2023							62,361	47889	110,250
Amortisation and impairment
At 1April 2022							9,828	38,304	48,132
Amortisation charged	for the year						4,914	9,581	14,495
At 31March 2023							14,742	47,885	62,627
Net BookValue
At 31March 2023							47,619		47,623
At 31March 2022							14743	9585	24 328
The amortisation charge		is recognised	in expenditure	on charitable		activities.
There are no contractual		commitments	to acquire intangible		assets	at 31March 2023		(2022:fnil).
Tangible fixed assets
				Office
		Leasehold		furniture
		property		and			Computer	Performance
Group and charity		improvements f		equipment f			equipment f	equipment f	Total f
Cost
At 1April 2022			123,786	145,567			168,249	897,511	1,335,113
Additions							5062	186533	191,595
At 31March 2023			123786	145,567			173,311	1,084,044	1,526,708
Depreciation 88impairment
At 1April 2022			61,811	144,355			88,429	660,132	954,727
Depreciation charged	in	the year	10,626		242		12040	41,310	64218
At 31March 2023			72,437	144,597			100,469	701,442	1,018,945
Net BookValue
At 31March 2023			51,349		970		72,842	382,602	507,763
At 31March 2022			61,975		1,212		79,820	237,379	380,386

The aggr	egate	ofth	e assets, liab	ilities and funds was	:
							2023	2022
							f	f
Current	assets						1,302,190	376,168
Current	liabilities						(72,692)	(93,503)
Total net assets							1229498	282 665
The financial assets			were as follows:				2023	2022
							f	f
Turnover							2,482,927	1,048,919
Cost ofsales and administration				expenses			(1,253,439)	(649,713)
Result for the		year					1229 488	399206
15.Debtors
					Group		Charity
					2023	2022	2023	2022
Amounts	falling due within one			year:	f	f	E	E
Trade debtors					388,706	288,341	57,259	35,698
Amounts	due	from	group undertakings					54,897
Prepayments		and accrued income			110,363	276,540	101,486	217,503
					499,069	564,881	158,745	308,098
16.Creditors					Group		Charity
					2023	2022	2023	2022
							f	f
Trade creditors					288,713	203,696	253,818	201,859
Amounts	due	to fellow group undertakings					871,190
Other taxation		84social security			62,742	38,032	62,742	37,246
Other creditors					60,386	139,123	60,386	139,123
Accruals					229,510	147,745	186,413	112,683
Deferred	income				278,122	288,640	277,422	287,719
					919473	817236	1711971	778630
17.Deferred	income
					Group		Charity
					2023	2022	2023	2022
					f	E	E	E
Balance	at 1April				288,640	212,312	287,719	191,391
Amounts	released		to income		(288,640)	(1,292,115)	(287,719)	(1,261,695)
Amounts	deferred		in the year		278,122	1,368,443	186413	1,358,023
Balance	at 31	March			278 122	288640	186413	287719

Charitable funds For the year ended 31March 2023
		Balance at	Movement in funds				Balance at
Group		1April 2022 f	Income f	Expenditure f	Transfers f		31	March 2023 f
General funds
General funds		319,900	4,452,435	(4,352,910)	30,000			449,425
		319,900	4,452,435	(4,352,910)	30,000			449,425
Restricted funds
Culture Recovery Fund		199,052	135,957	(305,009)	(30,000)
Other Funds		3,500	56,285	(59,785)
Audience Fund			19,623	2,548)				17075
		202,552	211,865	(367,342)	(30,000)			17,075
Total funds		522,452	4,664,300	4,720,252)				466,500
Company		Balance at	Movement in funds				Balance at
		1April 2022	Income	Expenditure	Transfers		31	March 2023
		f	f	f	f			f
General funds
General funds		37,245	2,502,892	3,344,200	3D,ODO		~774,063
		37,245	2,502,892	(3,344,200)	30,000			(774,063)
Restricted funds
Culture Recovery fund		199,052	135,957	(305,009)	(30,000)
Other Funds		3,500	56,285	(59,785)
Audience Fund			19,623	(2,548)				17,075
		202,552	211,865	(367,342)	(30,000)			17,075
Total funds		239,797	2,714,757	(3,711,542			~756,988i
Transfers:
The transfer in the year represents to	the acquisition offixed assets using restricted funds as				the funds	have been used
for the purpose for which it was given.
Cultural Recovery Fund: This fund represents		monies received	from the DCM5	Cultural Recovery Fund		for	the
sustainability grant.
Audience Fund: This fund represents	monies	received to subsidise concessions		tickets at Kings Place.
Forthe year ended 31March 2022
		Balance at	Movement in funds				Balance at
Group		1April 2021	Income	Expenditure	Transfers		31	March 2022
				f	f
General funds
General funds		117,721	2,751,010	2,583,831)	35,000			319,900
		117,721	2,751,010	(2,583,831)	35,000			319,900
Restricted funds
Other Funds			43,700	(40,200)				3,500
			986,233	(752,181)	(35,000)			199,052
Culture Recovery Fund
Arts Council England			15,000	15,000
			1,044,933	(807,381)	(35,000)			202,552
Total funds		117,721	3,795,943	3,391,212)		-		522,452

Forthe year ended 31Ma	rch 2	023
							General		Restricted
							Funds		funds	Total
Group							f			f
Intangible fixed assets							47,623			47,623
Tangible fixed assets Net current liabilities						507,763 ~105961			17075	507,763 ~00,006)
							449 425		17075	466 500
							General		Restricted
							Funds		funds	Total
Charity							f.			f
Intangible fixed assets							47,623			47,623
Tangible fixed assets Net current liabilities						507,773 ~1,329,459) ~(774,060			17,075 17,075	507,773 ~(1,322,384 ~756,900)
For the year ended 31March 2022
							General		Restricted
							Funds		funds	Total
Group							E			E
Intangible fixed assets							24,328			24,328
Tangible fixed assets Net current liabilities						380,386 ~84,814			202,552	380,386 117,738
							319900		202 552	522 452
							General		Restricted
							Funds		funds	Total
Charity							E			f
Intangible fixed assets							24,328			24,328
Tangible fixed assets Net current liabilities						380,386 ~(367,478			202,552	380,386 ~164,926)
							37,236		202,552	239,788
Operating lease commitments
Group and Charity
The charity as a lessee:
The total future minimum	lease payments		under non-cancellable			operating	leases are	set out below:
									2023	2022
										f
Within one year									22,808	26,449
Between one and five years									43,492	56,617
Over five years									18,834	25,517
									85,134	108,583
The operating leases represent		leases of	equipment.		The average	lease length is five years.
The charity as a lessor:
At 31March 2023,the charity		had contracted		with	tenants for the following		minimum	lease	payments,	which fall due
as follows:
									2023	2022
									E	f
Within one year									102,473
Between one and five years									88,435
									190,908

				Income		Expenditure
				2023	2022	2023	2022
				E	E	E	E
Green &	Fortune Limited			1,722,279	538,824	32,513	3,252
Pangolin				15,926	11,940
Parabola	Foundation			290,000	475,000
Parabola	Real Estate Investment	Management	LLP	10,080	6,934
				2,038,285	1,032,698	32,513	3,252

						Amounts	owed to related	parties
							2023	2022
							E	E
Green &	Fortune	Limited					33010
							33,010
The following amounts			were outstanding	atthe reporting	end date
						Amounts	owed by related	parties
							2023	2022
							E	E
Green &	Fortune	Limited					330,197	229,079
Pangolin							2,563	1,200
Parabola	Foundation							25,000
							332,760	255,279

24.Cash generated from operations
				2023	2022
				f	f
5urplus/ (deficit) for the year				(55,952)	404,731
Adjustments for:
Amortisation and impairment of	intangible	assets		14,495	14,490
Depreciation and impairment of	tangible fixed assets			64,218	81,059
Movements in working capital:
Decrease /(Increase) in debtors				65,812	(174,735)
Increase/ (Decrease) in creditors				102,237	(74,083
Cash generated from / (absorbed	by) operations			190,810	251,462
25.Analysis ofchanges in net debt
Cash at bank and in hand			370,093 1April 2022 f 370,093	~I38,575 Cashflows f ~38,575)	331,518 31March 2023 f 331,518