REGISTERED COMPANY NUMBER: 05392620 ffjngland and Wales) REGISTERED CHAIUTY NUMBER: 1109987 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR TRAM SHED THEATRE COMPANY LIMITED Jon¢s Harris Limited 17 St Peters Place Fleetsvood FY7 6EB
TRAM SHED THEATKE COMPANY LIKITED coiYrENfs OF THE FINANCIAL STATEMENTS for the year ended 31 Mar¢h 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activiti&s Balance Sheet Notes to th¢ Financial Statements 7 to 13 Detsiled Statement of FlnAncial Activities 14 to 15
TIL4M SHED THEATRE COMPANY LIMITED REPORT OF THE TRUSTEES for the year ended 31 March 2024 The trustees who are also directors of the charity for the poSeS of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees havc adopted the provisions of Accounling and Reporting by CRJarities: Statement of ReConellded Practice applicable to charities preparing thelr ac¢ouThts in accordance wlth the Financial Rwrting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWEcfIvES Alw ACTIVITIES Objective5 and aims Tramsbed is an inclusive performing arts organisation and cltrIty offering workshops, perfon1ceS and training to children. young people and adults. Wc dclivcr activtties across BlxkpooL Wyrc, Fylde and surrounding geographical areas. The opportunitics wc provide are open to everyone, 1c3peCtIve of health, social diversity. ethnic background or ability. We aim to bring individuals together to create outsthnding. original and beautiful theatre which inspires and IcbTatcs cveryone. Signifi¢2nt activities The charity has engaged in thtre workshops and live perforn]ances, which have included delivering time-limite extmlly funded development and engagement PTograrnmes. Tramshed's facilitation of activity was deliver¢d through hybrid mix of fac¢-tO•face and online workshops. TrJmshed's Theatre in Education programme 'Shed Stories, has continued to develop and grow within the bll8ines4 Creating better acttss to our lo1 community. The chaTity has also continued to expand its inclusive training progran)rne SilficAnt1Y for the artistic team and volunteers. ACHIEVEMENT AND PERFORMANCE Charitable activities The Trustees express gratityde and thanks to all donors, fidIng organisations and supporters who have contnbuted to Tramshed fimds.The belief in our organisation contributes to the Proe$S, development and success of the company. When we work together, we achieve so much mor¢. FINAIYCL4L REVIEW Reserves policy The charity aims to keep sutTicient reserves to maintain the charity's day to day opcrations. The Truslees are aware of the reduction in unrestiicted reserves in the year and how this could compromise the above stated policy. Since the year-end tbe Twslees have implemented the following measures to adthess this:_ Drafted an Engagement Strategy Plan to ensure key areas such as ticket and merchandise sales al unrestricted donations increase through inwrovcd engagement with our tsrget audicnce. Itnprovcd ¢ngagement with funding bodies. This has already r¢sult¢d in £20,000 being secured from thc Postrode Neighbourhood Trust in May 2024. tmproved con]munications betwe management and the board of Tttee8 regarding budgets. STRucfuRE, GOVERNANCE AIYD MANAGEMENr Governing dotument The clwity is controlled by its goveming documenL a deed of trus¢ and Constitut a limited company) limited by guarante& defined by the Companie5 Act 2(N)6. IDduction and training of new trustees In keeping with its size, the chatity has no forn1 policies or pretheS for recrnitment, appointment, induction and training of new trustees. REFERENCE AND ADMINISTIL4TIVE DETAILS Reglstered Comp4ny number 05392620 (England and Wales) Registsred Charlty number 1109987 Page I
TRAM SHED THEATRE COMPANY LIMITED REPORT OF THE TRUSTEES for th¢ year ended 31 March 2024 Registered offi¢¢ 17 St Peters Place Fl¢etwood Lancashire FY7 6EB Truxtees Mrs L J Hackett Dire¢tor L Fox Care COOTdinator J M Taylor Teaching Assistant P W Parkes Counter Tem)TiSm Case Officer Ms B Ashworth Support Worker Dr M H Pretorius Senior LectL Independent Ex#miner Jones Harris Limited 17 St Peters Plac¢ Fleetwood Lan¢&shire FY7 6EB Approvdby order of the board oftswstees on............ ....... . and signed on ils be]lf by: Ms B Ashworth- Tn¢ Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRAM SHED THEATRE COMPAi¥Y LIMITED Independent examlner's report lo tbe trustees of Tram Shed Theatre Company Llmlted ('the Company I report to the charity trustees on rny examination of thc accounts of th¢ Company for the year ended 31 March 2024. Responsibilitie5 and ba5]5 of rcport As the charitys trustees of the Company (and also its directors for the purposes of cornpany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (Yhe 2006 Act?. Having satisfied rnyself 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, l report in respect of my examination of your charity's ac¢ounts 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 cornpleled my examination. I confwm that no matters have come to my attention in conneclion with the examination giving me cause to believe.. accounting r¢coTds were not kept in respect of the Comvdny as required by Section 386 of the 2006 Act. or the accounts do not accord with those records- or the accounts do not cotllply with the accounting requirements of Section 396 of the 2006 Act otber than any requireroeot that the accounts give a trne aDd fair view which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in accordance with thc methods and principles of the Staiement of Recommended Practice for accounting and reporting by chltieS {applicable to charities preparing their accounts in accordance with th¢ Financial R¢porling 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 examinalion to which attention should be dTawn in this report in order to enable a proper understsnding of the accounts to be T¢a¢h¢d. /71JJi Martin Wigley MS¢ ACA ATII Jones Harris Limited 17 St Peters Place Fleetwood Lanc&shire FY7 6EB Date.. t3 Page 3
TRAM SHED THEATRE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES for ihe ye*r ended 31 March 2024 2024 Total fun&8 2023 Total fund8 Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5,205 5,205 3,317 Charitable activities Theatre workshops 21.995 86,178 108.173 84.215 Other trading activities Investment income 25.238 15 25.238 15 14.526 Total 52,453 86,178 138,631 102,065 EXPENDITURE ON Raising fimds 5,523 8,278 13.801 4,115 Charltable activities Theatr¢ Workshops 58,780 64.446 123,226 105261 Total 64,303 72,724 137,027 109.376 NET INCOMEI(EXPENDITURE) (11,850) 13.454 1.604 (7,311) RECONCILIATION OF FUIYDS Total fi]nds brought fonvard 15,435 1,515 16,950 24,261 TOTAL FUNDS CARRtED FORWARD 3.585 14,969 18.554 16,950 The notes forn) part of these fmancial statements Page 4
TRAM SHED THEATRE COMPA1 LIMITED (REGJSTERED NUMBER: 05392620) BALANCE SHEET 31 March 2024 2024 Total 2023 Total funds Unrestiicted fimd Restiicied fLll]ds Notes FIXED ASSETS Tangible assets 223 969 1.192 2.072 CURRENf ASSETS Stocks Debtors (ash ai bank and in hand 1,072 1,960 1,770 1,072 1,960 15.770 2,033 520 13,525 14,000 4.802 14.000 18.802 16,078 CREDoRs Amount5 falling due within one yeaT io (1,440) (1.440) (1.200} NET CURRENT ASSETS 3.362 14.000 17.362 14,878 TOTAL ASSETS LESS CURRENT LIABILITIES 3.585 14.969 18,554 16,950 NET A&SETS 3,585 14,969 18,554 16,950 FUNDS Unrestrictd fim(b RestTiCted fijnds 11 3,585 14,969 15.435 1,515 TOTAL FUNDS 18,554 16,950 The charitable company is entitled to exemption from audit under Se¢tion 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statenients for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for {a} ensuring that the charitable cornpany keeps accounting record8 that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a tn and fair view of the state of affairs of the chaTitsble company as at the end of ea¢h fmancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sedions 394 and 395 and which othenvise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes forni part of these financial ststements Page 5 continued...
TRAM SHED THEATRE COMPANY LIMITED (REGISTERED NtJMBER: 053926211) BALANCE SHEET- continued 31 March 2024 These fmancial statements have been PTepaT¢d in accordance with the provisions applicabl¢ to Chlble Companies subj'ect to the small ¢ompanies regime. The fi ial statenlents were approved by the Board of Tne8 and authISed for issue r8lao.Q on . and were signed on its behalf by: B Ashworth- TnLStee The notes forn) part of these fmancial statements Page 6
TRAM SHED THEATRE COMPANY LIMrrED NOTES TO THE FINANCIAL STATEMENTS for tbe year ended 31 Mareh 2024 ACCOUNTLNG POLICIES Ba$ls of preparlng the fjnanclal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charilies SORP (FRS 102) 'Accounting and Reporting by Charities.. Ststement 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) {efftctive l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Staudard applicable in tILC UK and Rq>ublic of Ircland, and the Companies Act 2006. Thc financial statcments bave been prepared undeT the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the cl)arity has entitl¢ment to the funds, it is probable that the income will b¢ received and the amount can be measured reliably. ExpeDdlture 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 economi¢ benefits will be required in settlement and the anUtst of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and h&8 been cla55ifi¢d under headings that a8¢gate all cost related to the category. Where ¢osts cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible flxed asset5 Depreciation is provided at the following annual rat&s ID order to write off each asset oveT its estimated useful Plani and machinery Flxtures and fittings Computer equiprnent 250/0 on cost 250/0 on cost 330/0 on cost Stocks are valued at the lower of cost and net realisable value, after making duc allowance for obsolete and slow moving ilems. T4xation The charity is exempt from corporation tsx on its charitable activities. Fund accounting Unrestticted funds can be u5¢d in accordance with the chaTitable objectiv¢s al the discretion of the trustees. Restricted funds can only bc used for particular restiicted purposes Witbin the objects of the charity. Restrictions Ise when s¢If1¢d by the donor or when fimd5 are raised for particular restricted purp05¢S. Further explanation of the nature and pllse of each fund is included in the notes to the fllW]¢ial statements. Going Concern At the time of approving the fmancial statements, tbe trustees have a reasonable expeclation that the Charity has adequate resour¢¢s to continue in operalional existence for the foreseeable fjJtLe. Thus the trustees continue to adopt th¢ going concern basis of accounting in preparing the fmancial statements. Page 7 continued...
TRAM SHED THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENfs- ¢onthiued for tbe year ended 31 March 2024 OTHER TRADING ACTIVITIES 2024 2023 FundTaismg events 25238 14.526 INVESTMENT INCOME 2024 2023 terest receiv¢d 15 NET INCOMEIIEXPENDITURE) Net income/(eXpendire) is stated after chargingl{crediting): 2024 2023 Depreciation- owned assets 1.549 3.674 TRUSTEES, REMUNERATION AND BENEFs Trustees, expenses There were llo tsustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢ted nd Restri¢ted fimds Total funds INCOME AND E]YDOWMENTS FROM Donations and legacies 3.317 3,317 Charitable leddeS Theatre workshops 18,363 65,852 84,215 Olher trading activities Inv¢sth)¢nt in¢ome 14.526 14,526 Total 36,213 65,852 102.065 EXPENDITURE ON Raising funds 2,250 1,865 4,115 Charitable acdvltfies Theatre worksbops 31,181 74.080 105261 Total 33,431 75,945 109,376 NET llYCOMEI(EXPENDITURE) 2,782 (10,093) (7,311) RECOIYCILIATION OF FUNDS Total funds brought forward 12,653 11,608 24,261 Page 8 contimied..
TRAM SHED THEATRE COMPANY LIMITED NOTES TO THE FLNANCIAL STATEMENTS- eontiDued for the year ended 31 March 2024 COMPA114TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued UuTestricted Restricted fvn(t8 Totsl funds TOTAL FUNDS CARIUED FORWARD 15,435 1.515 16,950 TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Computer equipment Totals COST At l April 2023 Additions 16.684 1,278 12.567 669 30,529 669 At 31 March 2024 16.684 1278 13236 31.198 DEPRECIATION At l April 2023 Charg¢ foryear 15,224 730 1,150 127 12.083 692 28,457 1.549 At 31 March 2024 15,954 1,277 11775 30,006 NET BOOK VALUE At 31 Mar¢b 2024 730 1,192 At 31 March 2023 1,460 128 484 2,072 STOCKS 2024 2023 Stocks 1,072 2,033 DEBTORS: AMOI]NTS FALLING DUE WITIIIN ONE YEAR 2024 2023 Other debtors Pr¢pa)ments and a¢¢rned income 520 520 1,960 520 Page 9 ontinued...
TRAM SHED THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS- conlinued for the year ended 31 March 2024 io. CREDrroRS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 2024 2023 AccNed expenses 1,440 1,200 MOVEMENT IN FUNDS Net movement iti fimds At 3113124 At 114123 Unrestricted funds General fimd 15,435 (11,850) 3,585 Restricted funds Arts Council ChTldren in Need 1,515 13,006 448 14,521 448 1,515 13.454 14.969 TOTAL FUNDS 16,950 1,604 18.554 Net movement in funds included in the above are as follow5: Inconiing Tesouff es Resources expended Movement in fiu)ds Unrestrlcted funds Genual fund 52,453 {64.303) {11.850} Restricted funds Art5 Council Children in Ne Know Your Neighbourhood Sylvia Waddilove Foundation The Granada Foundation 48,350 9.902 23,926 2,000 2,000 (35,344) (9,454) (23,926) (2,000) (2,000) 13,006 448 86,178 (72,724) 13.454 TOTAL FUNDS 138,631 (137.027) Page 10 continued..
TRAM SHED THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEIIqENfs- continued for the year ended 31 M4rcb 2024 ii. MOVEMENf IN FUNDS . eonllnued Comparatives for movement in fwids Nel movement in funds At 3113123 At 114122 Unrestrlcted funds General fund 12.653 2,782 15,435 Restricted funds Arts Council Children in Need 3,823 7,785 (2,308) (7.785) 1,515 11,608 {10.093) 1,515 TOTAL FUNDS 24,261 (7,311) 16,950 CompaTative net movement in fimds, included in the abov¢ are as follows: Incoming r¢sourc¢s Resources Movement expended in llds Unrestricted funds General fund 36213 (33.431) 2,782 Restrirted funds Arts Council Children in Need Jubilee Fund Know Your Neighbourhood Togcther We Can 26,100 9,952 9.900 15,000 4.900 (28,408) (17,737} (9.900} (15,000) (4.900) (2.308} (7,785) 65,852 (75,945) (10,093) TOTAL FiJM)S 102,065 (109,376) {7,311) A current year12 months and prior year 12 months Combinposition is as follows: Net movement in fimds At 3113124 At 114122 Unrestricted funds General fund 12,653 (9,068) 3,585 Restrirted funds Arts Council Children in Need 3.823 7,785 10.698 {7,337) 14,521 448 11,608 3,361 14.969 TOTAL FUNDS 24,261 {5,707) 18.554 Pagell continued...
TRAM SHED THEATRE COMPAIYY LIMrrED NOTES TO THE FINAIYCL4L STATEMENTS - eontlnued for the year ended 31 March 2024 ii. MOVEMENT IN FUNDS - Contlnued A cuent year 12 months and prior year 12 months combined net movement in llds, included in the above are as follows: Incoming resources Resources expended Movement in fidS Unrestrlcted fund5 General fund 88,666 (97,734) (9,068} Restricted funds Arts Council Children in Need Jubilee Fund Know Your Neighbourhood Togetber We Can Sylvia Waddilove Foundation The Granada Foundation 74,450 19,854 9.900 38,926 4,900 2,000 2,000 (63,752) (27,191) (9,900) (38,926) (4,900) {2,000) (2,000) 10,698 (7,337) 152,030 (148,669) 3.361 TOTAL FUNDS 240,696 (246,403) (5,707) Restricted fLmding was received as follows- Arts Council England was for the 'Shed Stories, project to Cover prograrnme writing, programme CTeation, digitsl resources, TIE and outreach workshops. This has been used to pay for artistic fees, equipment, photography, logo re-brandmg. training and workshoplperfornwice expenses. Arts Council England and Know Your Neighbourhood COMMlty Foundation was for th¢ 'Hear OUT Voice, prnje¢t to cover prograrnme writing, programme Creatio in¢lusive training workshops, inclusive workshops, Shed Stories expansion and strategic development. This h&8 been used to pay for artistic fees, training expenses. volunteer expenses, in¢lusive equipmenL clothing and offic¢ resources. Children in Need was for inclusive performing arts, online and fa¢¢-tO-face Workshops, perforniance and training and has been used to pay for artistic fees, equiprnent, theatre hire and volunteer expenses. Community Foundation Jubilee Fund was for the ' Let's Celebrate, project to ¢over inclusive perfomiing arts workshops and perfom]an¢es. This has been used to pay for artistic fees. equipmenl ¢osttm]es and workshop/perforntsnc¢ expenses. DJ Giasdon Foundation was for the Togeth¢r We Can, project to cover inclusive perforn]ing arts workshops and DVD production. This has been used lo pay for artisitec fees, equipment, theatre hire, videography and Sylvia Waddilove Foundation was for in¢lusive perforniing arts workshops and perfornwAces. This has been used to pay for inclusive equipment and resources. The Granada Foundation was for the 'Shed Stories. proje¢t to cover oulreach workthops and perforn)ances. Th81 has been used to pay for artistic fees, theatre hire, partnership ac$8 and volunteer expenses. Page 12 continued...
TIL4M SHED THEATRE COMPANY LtMITED NOTES TO THE FINANCIAL STATEMENfs- ntInUed for th¢ year eDded 31 March 2024 12. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. Page 13
TRAM SHED THEATRE COMPANY LIMrrED DETAILED STATEMENT OF FINAI¥CIAL ACTIVITIES for tbe year ended 31 March 2024 2024 2023 INCOME AND ElOWmETs Donations and legacies Donations 5205 3,317 Other trading activldes Fundraising events 25,238 14,526 Investment Income Interest received 15 Charitable g¢tl*ities SFN)nsorship Membersbip fees Consultancy 95.126 13,047 67,521 13,880 2,814 108,173 84215 Total incoming resources 138.631 102,065 EXPENDITURE other trading activities Opening stt)ck Pur¢hases Licensing Ticket agency fees Show expenses Lottery PTizes Closing stock 2.033 4,098 71 315 5,938 2.418 (1,072) 1,373 2.271 181 2.323 (2,033) 13,801 4,115 Charitable actiTrlties Practitioners fees PractitioneT training DBS checks 93.939 630 257 1,446 2,546 3.686 65 1.866 2,206 3.517 73.634 1,370 2,347 958 75 2,171 1,597 3,053 3,333 1,51K) 2,551 2,374 1,170 96.477 Printin& postsgc and stationery Advertising and publicity Telephone Travelling Subscriptions Sundry expenses Let's Celebrate project Storage Shed Stories project Together We Can project Workshop resources Carried forward 1,000 1.734 1.631 I 14,523 This page does not forni part of the statOry financial statements Page 14
TRAM SHED THEATRE COMPANY LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 2024 2023 Charftable activitie5 Brought foTward Sundry equipment APT expens&s Depreciation charge 114.523 2,027 3,567 1.549 96,477 3,093 817 3,674 121.666 104,061 Support Costs Governance costs Accountancy and legal fees Profcssional fees 1,440 120 1.2(KJ 1,560 1,200 Total resources eApended 137,027 109.376 Net Incomel(expend5ture) 1,604 (7,311) This page does not forn] part of the statutory financial statements Page 15