**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: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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