REGISTERED COMPANY NUMBER: 05392620 (England and Wales) REGISTERED CHARITY NUMBER: 1109987
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
TRAM SHED THEATRE COMPANY LIMITED
Jones Harris Limited Chartered Accountants 17 St Peters Place Fleetwood Lancashire FY7 6EB
TRAM SHED THEATRE COMPANY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
TRAM SHED THEATRE COMPANY LIMITED
REPORT OF THE TRUSTEES for the year ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Tramshed is an inclusive performing arts organisation and charity offering workshops, performances and training to children, young people and adults. We deliver activities across Blackpool, Wyre, Fylde and surrounding geographical areas. The opportunities we provide are irrespective of health, social diversity, ethnic background or ability. We aim to bring individuals together to create outstanding, original and beautiful theatre which inspires and celebrates everyone.
Significant activities
The charity has engaged in theatre workshops and live performances. Due to the global pandemic caused by Covid 19, Tramshed was required to cease face to face workshops and adapt to deliver over a digital platform in order to achieve its objectives, which have included delivering time-limited, externally funded development and engagement programmes. The changes made to Tramshed's delivery have been largely positive and will be incorporated as part of future delivery. The charity has also expanded its training programme for the arts team and volunteers updating and developing its website.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trustees express gratitude and thanks to all donors, funding organisations and supporters who have contributed to Tramshed funds.The belief in our organisation contributes to the progress, development and success of the company. When we work together, we achieve so much more.
FINANCIAL REVIEW Reserves policy
The charity aims to keep sufficient reserves to maintain the charity's day to day operations.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Induction and training of new trustees
In keeping with its size, the charity has no formal policies or procedures for recruitment, appointment, induction and training of new trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05392620 (England and Wales)
Registered Charity number
1109987
Registered office
17 St Peters Place Fleetwood Lancashire FY7 6EB
Page 1
TRAM SHED THEATRE COMPANY LIMITED
REPORT OF THE TRUSTEES for the year ended 31 March 2021
Trustees
Mrs L J Hackett Director L Fox Care coordinator Miss C Mason Relationship manager (arts) Mrs M Thompson Community musician Mrs S Townsend-Wallace Company Accountant
Independent Examiner
Jones Harris Limited Chartered Accountants 17 St Peters Place Fleetwood Lancashire FY7 6EB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................................... Mrs S Townsend-Wallace - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRAM SHED THEATRE COMPANY LIMITED
Independent examiner's report to the trustees of Tram Shed Theatre Company Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
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
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.
Martin Wigley MSc ACA ATII Jones Harris Limited Chartered Accountants 17 St Peters Place Fleetwood Lancashire FY7 6EB
Date: .............................................
Page 3
TRAM SHED THEATRE COMPANY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2021
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,842 - Charitable activities Theatre workshops 13,401 74,166 Other trading activities 2 7,402 - Total 25,645 74,166 EXPENDITURE ON Raising funds 3,369 343 Charitable activities Theatre workshops 10,672 61,691 Total 14,041 62,034 NET INCOME/(EXPENDITURE) 11,604 12,132 RECONCILIATION OF FUNDS Total funds brought forward 2,490 5,000 TOTAL FUNDS CARRIED FORWARD 14,094 17,132 |
2021 2020 Total Total funds funds £ £ 4,842 10,788 87,567 26,917 7,402 24,572 99,811 62,277 3,712 11,239 72,363 52,479 76,075 63,718 23,736 (1,441) 7,490 8,931 31,226 7,490 |
|---|---|
The notes form part of these financial statements
Page 4
TRAM SHED THEATRE COMPANY LIMITED (REGISTERED NUMBER: 05392620)
BALANCE SHEET 31 March 2021
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 6 2,159 3,123 CURRENT ASSETS Stocks 7 - - Debtors 8 736 - Cash at bank and in hand 11,944 14,009 12,680 14,009 CREDITORS Amounts falling due within one year 9 (745) - NET CURRENT ASSETS 11,935 14,009 TOTAL ASSETS LESS CURRENT LIABILITIES 14,094 17,132 NET ASSETS 14,094 17,132 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 5,282 - 736 25,953 26,689 (745) 25,944 31,226 31,226 14,094 17,132 31,226 |
2020 Total funds £ 498 1,784 20 7,588 9,392 (2,400) 6,992 7,490 7,490 2,490 5,000 7,490 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
TRAM SHED THEATRE COMPANY LIMITED (REGISTERED NUMBER: 05392620)
BALANCE SHEET - continued 31 March 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
S Townsend-Wallace - Trustee
The notes form part of these financial statements
Page 6
TRAM SHED THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost Computer equipment - 33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
TRAM SHED THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
2. OTHER TRADING ACTIVITIES
| Fundraising events Equipment hire |
2021 £ 7,402 - 7,402 |
2020 £ 24,230 342 |
|---|---|---|
| 24,572 |
3.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 2,824 | 473 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 10,788 | - | 10,788 | |
| Charitable activities | ||||
| Theatre workshops | 15,923 | 10,994 | 26,917 | |
| Other trading activities | 24,572 | - | 24,572 | |
| Total | 51,283 | 10,994 | 62,277 | |
| EXPENDITURE ON | ||||
| Raising funds | 9,322 | 1,917 | 11,239 | |
| Charitable activities | ||||
| Theatre workshops | 48,402 | 4,077 | 52,479 | |
| Total | 57,724 | 5,994 | 63,718 | |
| NET INCOME/(EXPENDITURE) | (6,441) | 5,000 | (1,441) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 8,931 | - | 8,931 | |
| Page 8 | continued... |
Page 8
TRAM SHED THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ TOTAL FUNDS CARRIED FORWARD 2,490 5,000 6. TANGIBLE FIXED ASSETS Fixtures Plant and and Computer machinery fittings equipment £ £ £ COST At 1 April 2020 13,764 768 4,246 Additions - 510 7,098 At 31 March 2021 13,764 1,278 11,344 DEPRECIATION At 1 April 2020 13,764 565 3,951 Charge for year - 195 2,629 At 31 March 2021 13,764 760 6,580 NET BOOK VALUE At 31 March 2021 - 518 4,764 At 31 March 2020 - 203 295 7. STOCKS 2021 £ Stocks - 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Prepayments and accrued income 736 |
Total funds £ 7,490 Totals £ 18,778 7,608 26,386 18,280 2,824 21,104 5,282 498 2020 £ 1,784 2020 £ 20 |
Total funds £ |
|---|---|---|
| 7,490 | ||
continued...
Page 9
TRAM SHED THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Accrued expenses | 745 | 2,400 | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1/4/20 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 2,490 | 11,604 | 14,094 |
| Restricted funds | |||
| Arts Council | - | 13,738 | 13,738 |
| Inclusive musical theatre | 5,000 | (5,000) | - |
| The Foyle Foundation | - | 3,394 | 3,394 |
| 5,000 | 12,132 | 17,132 | |
| TOTAL FUNDS | 7,490 | 23,736 | 31,226 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 25,645 | (14,041) | 11,604 |
| Restricted funds | |||
| Arts Council | 45,750 | (32,012) | 13,738 |
| Inclusive musical theatre | - | (5,000) | (5,000) |
| The Foyle Foundation | 10,000 | (6,606) | 3,394 |
| European Social Fund | 18,416 | (18,416) | - |
| 74,166 | (62,034) | 12,132 | |
| TOTAL FUNDS | 99,811 | (76,075) | 23,736 |
10. MOVEMENT IN FUNDS
continued...
Page 10
TRAM SHED THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/19 | in funds | 31/3/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,931 | (6,441) | 2,490 |
| Restricted funds | |||
| Inclusive musical theatre | - | 5,000 | 5,000 |
| TOTAL FUNDS | 8,931 | (1,441) | 7,490 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 51,283 | (57,724) | (6,441) |
| Restricted funds | |||
| Memories through music | 994 | (994) | - |
| Workshops/shows | 5,000 | (5,000) | - |
| Inclusive musical theatre | 5,000 | - | 5,000 |
| 10,994 | (5,994) | 5,000 | |
| TOTAL FUNDS | 62,277 | (63,718) | (1,441) |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1/4/19 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,931 | 5,163 | 14,094 |
| Restricted funds | |||
| Arts Council | - | 13,738 | 13,738 |
| The Foyle Foundation | - | 3,394 | 3,394 |
| - | 17,132 | 17,132 | |
| TOTAL FUNDS | 8,931 | 22,295 | 31,226 |
continued...
Page 11
TRAM SHED THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 76,928 | (71,765) | 5,163 |
| Restricted funds | |||
| Arts Council | 45,750 | (32,012) | 13,738 |
| Memories through music | 994 | (994) | - |
| Workshops/shows | 5,000 | (5,000) | - |
| Inclusive musical theatre | 5,000 | (5,000) | - |
| The Foyle Foundation | 10,000 | (6,606) | 3,394 |
| European Social Fund | 18,416 | (18,416) | - |
| 85,160 | (68,028) | 17,132 | |
| TOTAL FUNDS | 162,088 | (139,793) | 22,295 |
The restricted fund "Memories through Music Project" related to a grant received from Innovate Funding and the restricted fund "Workshops and shows" related to a grant received from the Workers' Educational Association both were used to pay for artistic fees, workshop and show expenses. They were spent during the year to 31 March 2020.
The restricted fund "Inclusive musical theatre" related to a grant received from WO Street Foundation Lancashire in the year to 31 March 2020 and has been used to pay for artistic fees, equipment and expenses during the year to 31 March 2021.
The restricted funding received from the European Social Fund was for inclusive training and performing arts workshops and has been used to pay for artisitic fees, equipment and expenses.
The restricted funding received from The Foyle Foundation was for inclusive performing arts online workshops and training and has been used to pay for artistic fees, equipment and expenses. At 31 March 2021 £6,606 had not been spent and is represented by funds in the bank.
The restricted funding received from the Arts Council England was for inclusive performing arts online workshops, training, podcasts and performances and has been used to pay for artistic fees, equipment, logo re-branding, training and expenses. At 31 March 2021 £7,403 had not been spent and is represented by funds in the bank. In addition the balance on the restricted of £3,123 is represented by fixed assets.
continued...
Page 12
TRAM SHED THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 13
TRAM SHED THEATRE COMPANY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 4,842 | 10,788 |
| Other trading activities | ||
| Fundraising events | 7,402 | 24,230 |
| Equipment hire | - | 342 |
| 7,402 | 24,572 | |
| Charitable activities | ||
| Sponsorship | 84,617 | 18,985 |
| Membership fees | 2,950 | 7,932 |
| 87,567 | 26,917 | |
| Total incoming resources | 99,811 | 62,277 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 1,784 | 1,402 |
| Purchases | 368 | 2,862 |
| Licensing | 20 | 115 |
| Show expenses | - | 7,177 |
| Lottery prizes | 1,540 | 1,467 |
| Closing stock | - | (1,784) |
| 3,712 | 11,239 | |
| Charitable activities | ||
| Practitioners fees | 54,879 | 43,056 |
| Practitioner training | 4,837 | 385 |
| DBS checks | 43 | 777 |
| Insurance | 1,265 | 1,229 |
| Printing, postage and stationery | 1,589 | 1,751 |
| Advertising and publicity | 1,683 | 495 |
| Telephone | 40 | 95 |
| Travelling | - | 307 |
| Subscriptions | 216 | - |
| Sundry expenses | 2,373 | 2,556 |
| Storage | 500 | 500 |
| Workshop resources | 694 | 147 |
| Depreciation charge | 2,824 | 473 |
| 70,943 | 51,771 |
This page does not form part of the statutory financial statements
Page 14
TRAM SHED THEATRE COMPANY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 720 | 708 |
| Professional fees | 700 | - |
| 1,420 | 708 | |
| Total resources expended | 76,075 | 63,718 |
| Net income/(expenditure) | 23,736 | (1,441) |
This page does not form part of the statutory financial statements
Page 15