##
##
##
|||Page|
|---|---|---|
|Reference and Administrative
Details ofthe Company,|its Trustees and Advisers||
|Trustees' Report||2-11|
|Trustees' Responsibilities
Statement||12|
|Independent
Auditors'
Report on the Financial Statements||13-16|
|Consolidated
Statement ofFinancial Activities||17|
|Consolidated
Balance Sheet||18|
|Company
Balance Sheet||19|
|Consolidated
Statement ofCash Flows||20|
|Notes tothe Financial Statements||21-43|
##
##
##
|Trustees|||M Gregory, Trustee||||
|---|---|---|---|---|---|---|
||||RJones, Trustee||||
||||CSexton, Trustee||||
||||H N St Cyr, Trustee||||
||||PGomes, Trustee||||
||||R Goldsmith,
Trustee||||
||||LEarls, Trustee||||
||||A Buss, Trustee (resigned 31October|||2022)|
||||AVenkatesh,
Trustee||||
||||G Singleton, Trustee (resigned||1 Msy 2023)||
||||K McLay, Trustee||||
||||JLuke, Trustee (appointed|1 November||2022)|
||||TProsser, Trustee (resigned 22 July 2022)||||
||||8 Udeh, Trustee (resigned|10May 2022)|||
||||SLoates, Trustee (resigned|22|July 2022)||
|Company|registered||||||
|number|||05465412||||
|Charity registered|||||||
|number|||1115546||||
|Registered||ofAce|Quad Market Place||||
||||Cathedral
Quarter||||
||||Derby||||
||||DE1 3AS||||
|Independent||auditors|PKF Smith Cooper Audit Limited||||
||||Statutory Auditors||||
||||Prospect House||||
||||1 Prospect Place||||
||||Millennium
Way||||
||||Derby||||
||||DE24 6HG||||
|Bankers|||Barclays Bank UK PI.C||||
||||Leicester||||
||||LE872BB||||
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2023|2023|2023|2022|
|||Note|K|6|6|6|
|Income from:|||||||
|Donations
and legacies||||7,273|7,273|11,894|
|Charitable
activities|||261,113|1,481,731|1,732,844|1,915.001|
|Other trading
activities||||634,879|634,878|538,464|
|Investments||||51|61||
|Other income||||||7,427|
|Total Income|||261,113|2,123,934|2,375,047|2,472,786|
|Expenditure
on:|||||||
|Raising funds||5||611,326|611,326|516,622|
|Charitable
activities||10|242,382|1,868,018|2,110,400|1,865,521|
|Total expenditure|||242,382|2,479,343|2,721,725|2,382.243|
|Net Income/(expenditure)|||8,731|(355,409)|(346,878)|90,543|
|Transfers
between|funds|22|(9S,134)|$5,134|||
|Net movement
in|funds||(86,403)|(260,27S)|(348,678)|90,543|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||166,138|353,340|619,478|428,935|
|Net movement
in funds|||(88,403)|(260,276)|(346,678)|90,543|
|Total funds carried forward|||7$,736|93,085|172,800|519,478|
##
##
||||Note||2023f||2022
E|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Intangible assets|||16||13,391||9,115|
|Tangible assets|||17||250,956||220,695|
||||||264,347||229,810|
|Current assets||||||||
|Stocks|||19|11,125||10,271||
|Debtors: amounts
one year|falling due after more than||20|133,504||142,732||
|Debtors: amounts|falling due within one year||20|111,094||227.933||
|Cash at bank and|in hand|||152,107||345,984||
|||||407,830||726,920||
|Creditors: amounts|falling due within one|||||||
|year|||21|(499,377)||(437,252)||
|Net current liabilities||Iassets|||(91,547)||289,668|
|Total assets less|current liabilities||||172,800||519,478|
|Total net assets|||||172,800||519,478|
|Charity funds||||||||
|Restricted funds|||22||79,735||166,138|
|Unrestricted
funds|||22||93,065||353,340|
|Total funds|||||172,800||519,478|
##
##
##
|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note||E||6|
|Fixed assets|||||||
|Intangible assets||16||13,391||9,115|
|Tangible assets||17||244,601||212.552|
|Investments||18||1||1|
|||||257,893||221,668|
|Current assets|||||||
|Debtors: amounts|falling due afier more than||||||
|one year||20|133,504||142,732||
|Debtors: amounts|failing due within one year|20|143,586||245,561||
|Cash at bank and|in hand||81,821||241,365||
||||358,710||629,658||
|Creditors: amounts|falling due within one||||||
|year||21|(448,933)||(339,217)||
|Net current
liabilities Iassets||||(90,223)||290,441|
|Total assets less|current llabgities|||167,770||512,109|
|Total net assets||||167.770||512,109|
|Charity funds|||||||
|Restricted funds||22||79,736||166,138|
|Unrestricted
funds||22||88,035||345,971|
|Total funds||||167,770||512,109|
##
##
##
|FOR THE YEAR ENDED 3|1 MARCH 2023||||
|---|---|---|---|---|
||||2023|2022|
||||6|5|
|Cash flows from operating|activities||||
|Net cash used
in operating|activities||(97,663)|(52,297)|
|Cash flows from investing|activities||||
|Proceeds from the sale oftangible
fixed assets||||708|
|Purchase oftangible
fixed assets|||(96,214)|(144,974)|
|Net cash used in investing|activities||(96,214)|(144,266)|
|Change
in cash and cash|equivalents
in|the year|(193,877)|(196,563)|
|Cash and cash equivalents|at the beginning|ofthe year|345,984|542,547|
|Cash and cash equivalents|at the end of|the year|152,107|345.984|
|The notes on pages 21 to 43form part ofthese financial statements|||||
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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022|2022|
|||6|
|Donations|11,894|11,894|
##
|||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2023|
|||||6|6|6|
|Derby City Council|||||100,000|100,000|
|Derby City Council||(rent in kind)|||260,000|260,000|
|Project grants||||229,996|106,169|336,186|
|Arts Council England|||||466,176|466,176|
|Coronavirus
job|retention||scheme||||
|COVID response|funding||||||
|Other charitable|activities||(Note 6)|21,117|549,386|570,503|
|||||251,113|1,481,731|1,732,844|
|||||Restricted|Unrestricted|Total|
|||||funds|funds|funds|
|||||2022|2022|2022|
|||||6|6|F|
|Derby City Council|||||100,000|100,000|
|Derby City Council||(rent in kind)|||260,000|260,000|
|Project grants||||293,971|65,751|359,722|
|Arts Council England|||||466,176|466,176|
|Coronavirus
job|retention||scheme||68,242|68,242|
|COVID response||funding|||208,000|208,000|
|Other charitable|activities||(Note 6)|80,758|372,103|452,861|
|||||374,729|1,540,272|1,915,001|
##
##
##
##
|||Restricted|Unrestricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2023|
|||6|6|8|
|Cinema takings|||298,597|298,597|
|Other fees|and commissions|21,117|192,399|213,516|
|Advertising|income||19,889|19,869|
|Membership|||38,520|38,620|
|Capital grants|||||
|||21,117|549,385|570,502|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||8|6|6|
|Cinema takings|||219,788|219,788|
|Other fees|and commissions|80,758|118,471|199,229|
|Advertising|income||5,570|5,570|
|Membership|||28,173|26,173|
|WorkshopRraining|||2.101|2,101|
|||80,758|372,103|452,861|
##
##
##
||||Unrestricted|Total funds|
|---|---|---|---|---|
||||funds 2023|2023|
||||5|6|
|Charity trading|Income||||
|Cafe bar income|||442,808|442,808|
|Advertising|||||
|Room hire|||44,639|44,639|
|Tech Squad and|Game Time||79,991|79,991|
|Sponsorship|||12,394|12,934|
|Workshopitraining|||44,678|44,678|
|Shop income|||10,36$|10,369|
||||634,87$|634,879|
|Charity trading|expenses||||
|Marketing
costs|||(145)|(145)|
|Premises costs|||(913)|(913)|
|Other tradmg costs|||(26$,166)|(269,166)|
|Professional
fees and board||expenses|(821)|(621)|
|Wages, national|insurance|and pension|(337,506)|(337,506)|
|Depreciation|||(2,638)|(2,638)|
|Interest payable|||(336)|(336)|
||||(811,325)|(611,325)|
||||23,554|23,554|
##
##
|||||||Unrestricted|Total funds|
|---|---|---|---|---|---|---|---|
|||||||funds 2022|2022|
|Charity trading||income||||||
|Cafe bar income||||||309,646|309,645|
|Advertising||||||1,100|1,100|
|Room hire||||||88,319|88,319|
|Tech Squad|and|Games Time||||58,783|56,783|
|Sponsorship||||||10,680|10,680|
|Workshop/training||||||55,889|55,889|
|Shop income||||||16,04'7|16,047|
|||||||538,464|538,464|
|Charity trading||expenses||||||
|Marketing
costs||||||(110)|(110)|
|Premises costs||||||(6,709)|(6,709)|
|Other trading|costs|||||(247,118)|(247,118)|
|Professional|fees and board expenses|||||(48)|(48)|
|Wages, national||insurance|and pension|||(260,590)|(260,590)|
|Depreciation||||||(2,047)|(2,047)|
|Interest payable||||||||
|||||||(616,622)|(516,622)|
|||||||21,842|21,842|
|||||||2023|2022|
|||||||6|5|
|The assets and||liabilities|ofthe subsidiary|are:||||
|Assets||||||96,021|185,951|
|Liabilities||||||(90,994)|(178.585)|
|Total net assets||||||5,027|7.366|
|Investment|Income|||||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2023|2023|2022|
|||||||E|E|
|Interest receivable|||||51|61||
##
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##
##
##
##
|Unrestricted|Total|
|---|---|
|funds|funds|
|2022f|2022|
|7,427|7,427|
##
##
##
|Restricted|Unrestricted||
|---|---|---|
|funds|funds|Total|
|2023|2023|2023|
|E|E|2|
|242,382|1,868,018|2,110,400|
|Restricted|Unrestricted||
|funds|funds|Total|
|2022|2022|2022|
|F|E|E|
|246,754|1,618,867|1.865,621|
##
##
##
##
|Charilable
|activities exp|enditure||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||8|6|
|Other direct|costs|||6,712|53,241|
|Arts programme
&activity||||463,873|451,772|
|Suppoit costs (Note 12)||||1,420,340|1,167,265|
|Governance|costs (Note|12)||59,181|48,636|
|Wages and|salaries|||134,169|115,232|
|National
insurance||||30,800|25,130|
|Pension costs||||5,326|4,345|
|||||2,110,400|1,865,621|
|Analysis of|governance|and support costs||||
||||General|Governance|Total|
||||support|function|funds|
||||2023|2023|2023|
||||6|6|6|
|Office costs|||88,309|3,680|81,989|
|Premises costs and insurance|||526,189|21.925|548,114|
|Professional|fees and board expenses||21,702|903|22,605|
|Wages and|salaries||673,831|28,076|701,907|
|National
insurance|||20,295|846|21,141|
|Pension|||21,357|890|22,247|
|Depreciation|and amortisation||68,657|2,861|71,518|
||||1,420.340|59.181|1,479,521|
||||General|Governance|Total|
||||support|function|funds|
||||2022f|2022
F|2022
6|
|Office costs|||27,075|1,128|28,203|
|Premises costs and insurance|||513,151|21,381|534,532|
|Professional|fees and board expenses||15,036|627|15.663|
|Wages and|salaries||549,778|22,907|572,685|
|National
insurance|||16,559|690|17,249|
|Pension|||17,425|726|18,151|
|Depreciation|and amortisation||28,241|1,177|29,418|
||||1,167,265|48,636|1,215,901|
##
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##
|NOT
FOR|ES TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31 MARCH 2023||
|---|---|---|
|16.|Intangible assets||
||Group and Company||
|||Webslte|
||Cost||
||At 1 April 2022|25,360|
||Additions|9,640|
||At 31 March 2023||
||Amortisation||
||At 1 April 2022|16,245|
||Charge for the year|5,564|
||At 31 March 2023|21,808|
||Net book value||
||At 31 March 2023|13,361|
||At 31 March 2022|6,115|
##
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##
||Freehold|Plant and|Fixtures and|Office||
|---|---|---|---|---|---|
||property
8|machinery
6|fittings
6|equipment|Total
E|
|Cost||||||
|At 1 April 2022|288,434|400,738|210,033|492,179|1,369,384|
|Additions||17,39B|89,655|9,263|$6,214|
|At 31 March 2023|266,434|418,134|279,588|501,442|1,485,698|
|Depreciation||||||
|At 1 April 2022|201,193|374,104|184,787|378,806|1,148,689|
|Charge for the year|3,101|13,176|5,971|43,705|66,$63|
|At 31 March 2023|204,2$4|387,280|200,758|422,310|1,214,642|
|Net book value||||||
|At 31 March 2023|82,140|30,864|78,830|79,132|260,$68|
|At 31 March 2022|65,241|26,634|15,246|113,574|220,695|
##
##
##
##
||Long tenn|Cinema and||||
|---|---|---|---|---|---|
||leasehold|other|Fixtures and|Office||
||property|equipment|fittings|equipment|Total|
||E|E|6|6|6|
|Cost||||||
|At 1 April 2022|266,434|377,861|1$3,210|492,179|1,329,684|
|Additions||16,546|69,555|9,263|95,364|
|At 31March 2023|266,434|394,407|262,765|501,442|1,425,048|
|Depreciation||||||
|At 1 April 2022|201,1$3|368,268|178,076|378,605|1,117,132|
|Charge for the year|3,101|10,771|5,738|43,706|63,316|
|At 31March 2023|204,2$4|369,029|184,814|422,310|1,180,447|
|Net book value||||||
|At 31March 2023|62,140|26,378|77,961|79,132|244,601|
|At 31 March 2022|65,241|19.603|14,134|113,574|212,552|
##
||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|Company|6|
|Cost||
|At 1 April 2022||
|At 31 March 2023||
|Net book value||
|At 31 March 2023||
|At 31 March 2022||
##
||The following|was a subsi|diary
undertaking
o|diary
undertaking
o|fthe Compa|fthe Compa|ny:|ny:|||
|---|---|---|---|---|---|---|---|---|---|---|
||Name||Company||Registered||oNce or principal||Class of|Holding|
||||number||place of|business|||shares||
||Derby Quad|Enterprises|06643906||Quad Market Place, Cathedral||||Ordinary|100'Yv|
||Limited||||Quarter,|Derby, DE1 3AS|||||
||The financial|resuNs ofthe subsidiary||for the|year were.||||||
||Name||||Incomef||Expenditure|E
Profit/(Loss)
ISurplus/||Net assets
6|
|||||||||(Deficit) for|||
||||||||||the year||
||||||||||6||
||Derby Quad|Enterprises|Limited||666,996||(612,127)||43,669|5,027|
|19.|Stocks||||||||||
##
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##
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023f|2022
5|2023
5|2022f|
|Due after more than one year||||||
|Other debtors||133,604|142,732|133,604|142,732|
|||Group
2023|Group
2022f|Company
2023
6|Company
2022
5|
|Due within one year||||||
|Trade debtors||5,149|74,677|1,245|22,341|
|Amounts
owed by group undertakings||||41,402|80,550|
|Other debtors||8,155|23,299|8,151|23,295|
|Prepayments|and accrued income|32,283|40.876|27,280|30,294|
|Grants receivable||64,507|89,051|64,507|89,081|
|||111,094|227,933|143,585|245,561|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||6|6|6|6|
|Trade creditors||190,446|115,451|164,273|95,506|
|Other taxation and social security||33,219|33,495|13,667|13,283|
|Other creditors||9,358|10,687|6,356|6,712|
|Accruals and deferred|income|286,386|277,409|264,747|223,716|
|||489,377|437,252|448,933|339,217|
##
##
##
##
|Statement of|funds
~curren|t year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Transfers|31 March|
|||April 2022|Income|Expenditure|in/out|2023|
|||5|5|6|8|8|
|Unrestricted|funds||||||
|Ressruss||363,340|2,123,034|(2,479,343)|95,134|93,066|
|Restricted funds|||||||
|Other projects|and grants|04,844|160,220|(111,276)|(123,796)||
|FORMAT Festival|||79,750|(100,430)|20,002||
|Capital grants||01,294|21,117|(22,676)||79,735|
|||168,138|261,113|(242,302)|(96,134)|79,735|
|Total offunds||212476|2276247|72,721,7261||172,000|
##
##
##
##
##
##
##
##
##
|Analysis|ofnet assets between funds - current year||||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2023|2023|2023|
|||6|6|6|
|Tangible|fixed assets|79,735|171,221|250,956|
|Intangible|fixed assets||13,391|13,391|
|Debtors|due afier more than one year||133.504|133,604|
|Current assets|||274.326|2'74,326|
|Creditors|due within one year||(499,377)|(489,377)|
|Total||79,735|93,065|172,800|
|Analysis|ofnet assets between funds - prior year||||
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||6|5||
|Tangible|fixed assets|81.294|139,401|220,695|
|Intangible|fixed assets||9,115|9,115|
|Debtors|due after more than one year||142,732|142,732|
|Current assets|||499,344|584,188|
|Creditors|due within one year||(437,252)|(437,252)|
|Total||188,138|353,340|519,478|
##
##
##
##
##
|||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
||||||||||||E|
|Net
income/expenditure||||for|the|year|(as per|Statement|of Financial|||
|Activities)||||||||||(346,678)|90,543|
|Adjustments||for:||||||||||
|Depreciation||charges||||||||65,953|32,915|
|Amortisation||charges||||||||5,564|5,072|
|Loss/(profit)||on the sale offixed assets|||||||||(708)|
|Increase|in stocks|||||||||(864)|(2,717)|
|Decrease|in|debtors||||||||70,018|7,214|
|Increase/(decrease)|||in|creditors||||||108,334|(184,616)|
|Net cash|used in operating||||activities|||||(97,663)|(52,297)|
|Analysis|of|cash and||cash equivalents||||||||
|||||||||||Group|Group|
|||||||||||2023|2022|
|||||||||||5|E|
|Cash in hand||||||||||162,107|345,984|
|Analysis|of|changes||in net|debt|||||||
||||||||||At 1 April||At 31March|
||||||||||2022|Cash flows|2023|
|||||||||||5|5|
|Cash at bank and m|||hand||||||345,984|(193,877)|152,107|
##
##
##
##
##
##
|payments
und|er nonmncell|a|ble
operating
|lease|s as follows:||||
|---|---|---|---|---|---|---|---|---|
||||||Group|Group|Company|Company|
||||||2023|2022|2023|2022|
||||||5
E||5|5|
|Not later than|1 year||||3,168|8,031|3,188|8,031|
|Later than 1year and not later than 5years||||||3,168||3,168|
||||||3,168|11,199|3,168|11,199|
|Related party|transactions||||||||
|Information
about related party transactions||||and|outstanding|balances is outlined|below:||
||||||Income|Expenditure|Debtors|Creditors|
|||||||6||6|
|University of Derby Theatre|||Limited (a||||||
|company
with|a director
in|common)|||||||
|-At 31 March|2023||||1,000||||
|-At 31 March|2022||||9,339||9,339||
|Derby Museums
(a company|||with s director|in|||||
|common)|||||||||
|-At 31 March|2023||||200|1,380||1,380|
|-At 31 March|2022||||4,000||||
|BM Walsh (director)|||||||||
|-At 31 March|2023:None||||||||
|-At 31 March|2022||||||||
|Loates Business Solutions||Limited (a|||||||
|company
with|a director in|common)|||||||
|-At 31 March|2023 (2022:|None)||||4,422||1,892|
|Derby Book Festival (a charity with atrustee||||in|||||
|common)|||||||||
|-At 31 March|2023 (2022:|None)||||7,715||4,252|
||||||14,939|13,617|9,339|7,324|
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