## ## ||||||Contents||| |---|---|---|---|---|---|---|---| ||||||||Page| |Reference and Administrative|||Details||||| |Trustees'|Report||||||2 - 24| |Auditors'|Report||||||25-28| |Statement|of Financial|Activities||(including|Income and Expenditure|Account)|29 - 35| |Balance Sheet|||||||36| |Cash Flow Statement|||||||37| |Notes to|the Financial|Statements|||||38 - 48| |Appendix|- charitable|activities||costs analysis|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||||CO||||||||||CI|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||CO
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Cl| ## ## |||||(Limited by Guarant|ee)|||| |---|---|---|---|---|---|---|---|---| |||||Year ended 31 March|2023|||| |||||2023|||2022|| |Income from|donations||and legacies|||||| |Donations||||||||| |Donations||||17,419||28,003||| |Donated facilities||||19,840||19,840||| ||||||37,259|||47,843| |Grants||||||||| |COVID-19 emergency||funding||||||| |ACE - Culture|Recovery||Fund|||195,000||| |HMRC Job Retention||Scheme||||6,009||| |||||||||201,009| |ACE —NPO funding||||132,134||132,135||| |LB Haringey - revenue||funding||110,000||110,000||| ||||||242,134|||242,135| ||||||279,393|||490,987| ## |||(Limited by Guarantee)|(Limited by Guarantee)|(Limited by Guarantee)|||| |---|---|---|---|---|---|---|---| |||Year ended 31|March|2023|||| ||||2023|||2022|| |Income from charitable activities|||||||| |Grants|||||||| |Project specific funding|||||||| |ACE - Back to our Future||8,500|||76,500||| |ACE
—I arge Capital Grants||335,457|||1,541,405||| |ACE - Kickstart Capital Grant|||||372,491||| |AKO Foundation|||||35,000||| |BBCChildren
in Need||34,352|||40,781||| |Cadent Foundation|||||18,967||| |Capital grants
- misc|||||20,000||| |Charming
School||4,000|||||| |Charcoal
Blue||1,000|||||| |Christmas
Day donations||24,480|||34,980||| |City Bridge Trust||40,342|||51,365||| |Finnish
Institute|||||36,881||| |Foyle Foundation|||||25,000||| |Foundation
4-22||4,644|||7,518||| |Greater London
Authority||6,000|||||| |Homes for Haringey||7,490|||12,491||| |London Borough of Haringey||118,179|||838,600||| |Morrisons
Foundation||2,047|||||| |Nordic Festival grants|||||7,700||| |Participation
(Community)|—misc|6,620|||44,410||| |Participation
(Youth) - misc||12,355|||11,670||| |Private donations|||||100,000||| |Robert Gavron Trust|||||30,000||| |Social Investment
Business|||||60,000||| |||||605,466|||3,365,759| ## ## ||||(Limited by Guarant|ee)|||| |---|---|---|---|---|---|---|---| ||||Year ended 31 March|2023|||| ||||2023|||2022|| |Operation ofThe|Centre||||||| |Room, studio and|regular|hires|238,304||120,958||| |Boxoffice|||201,646||97,979||| |In kind support||||447,091|||218,937| |Artists
in Residence|||21,399||30,000||| |Emerging
companies|||||24,000||| |Classes and courses|||13,120||30,80'I||| |Christmas
Day|||30,142||26,076||| |||||64,661|||110,877| |||||511,752|||329,814| |Other operating|income||||||| |Cafe and bar|||27,709||12,817||| |Sundry|||4,794||1,125||| |||||32,503|||13,942| |||||544,255|||343,756| |Investment
income|||||||| |Bank interest received||||1,549|||57| |Other income|||||||| |Theatre Tax Relief||||35,104|||33,886| |||||35,104|||33,886| ## ## ||||2023||2022|| |---|---|---|---|---|---|---| |Expenditure|on charitable activities|||||| |Operation
of|The Centre|||||| |Direct costs||870,942|||742,153|| |In kind support||64,661|||110,611|| |||935,603|||852,764|| |Support costs|- page 35|372,362|||173,255|| |||||1,307,965||1,026,019| |Other operating
expenditure||||||| |Support costs|- page 35|121|||16,240|| |Governance
costs - page 35||13,735|||18,071|| |||||13,856||34,311| |||||1,321,821||1,060,330| ## ## ||||2023|2022| |---|---|---|---|---| ||||E.|| |Support and governance||costs||| |Support costs||||| |Operation
of The Centre|||372,362|173,255| |Other operating|costs - finance||121|16,240| ||||372,483|189,495| |Governance costs||||| |Professional/financial||||| |Legal/professional|||5,235|7,421| |Accountancy/other|||500|3,650| |Audit|||8,000|7,000| ||||13,735|18,071| ## ||||(Li|mited by Guarantee)|mited by Guarantee)|mited by Guarantee)|||| |---|---|---|---|---|---|---|---|---|---| |||||Balance Sheet|||||| |||||31 March||2023|||| ||||Notes|f||2023||2022|| |Fixed assets|||||||||| |Tangible assets||||||4,352,500|||4,484,906| |Current assets|||||||||| |Stocks|||10||247||316||| |Debtors|||11|184,630|||274,761||| |Cash at bank and|in|hand||756,480|||497,968||| |||||941,357|||773,045||| |Liabilities|||||||||| |Creditors: amounts|falling||||||||| |due within one year|||12|(266,189)|||(321,120)||| |Net current assets||||||675,168|||451,925| |Total assets less|current||||||||| |liabilities||||||5,027,668|||4,936,831| |Creditors: amounts||falling due|||||||| |after more than|one year||13|||(112,176)|||(157,168)| |Net assets||||||4,915,492|||4,779,663| |The funds of the|charity||||||||| |Unrestricted
funds|||16||||||| |- General
fund||||||366,023|||394,651| |- Designated
funds||||||80,000|||140,000| |||||||446,023|||534,651| |Restricted funds|||17|||4,469,469|||4,245,012| |Total charity funds||||||4,915,492|||4,779,663| ## ## |||||2023|2022| |---|---|---|---|---|---| ||||Notes|2|2| |Cash flows from operating
activities|||23|357,250|2,924,724| |Cash flows from investing
activities:|||||| |Dividends,
interest and rents from|investments|||1,549|57| |Purchase of property,
plant and equipment||||(67,455)|(3,226,159)| |Net cash provided
by Investment|activities|||(65,906)|(3,226,102)| |Repayments
of borrowing||||(32,832)|| |Cash infiows from new borrowing|||||190,000| |Net cash provided
by financing|activities|||(32,832)|190,000| |Change
in cash at bank and in hand
in the||reporting|period|258,512|(111,378)| |Cash at bank and in hand at the beginning||ofthe reporting|||| |period||||497,968|609,346| |Cash at bank and in hand at the|end ofthe reporting||||| |period||||756,480|497,968| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|Interest payable|||2023|2022| |---|---|---|---|---|---| |||||2|| ||On loans/overdrafts|||8,117|| ||Net income/(expenditure)|for the year is||2023|2022| ||stated after charging:||||| ||Depreciation
oftangible fixed assets|||199,861|17,765| ||Bank interest payable|||8,117|| ||Auditors'
remuneration||||| ||-external
audit|||7,500|7,000| ||- external
audit underaccrual|from previous|year|500|| ||- other services|||500|1,500| ## ## ||2023| |---|---| |Artistic Director Salary|50,000| |Artistic Director Pension|1,500| |Executive Director Salary|50,654| |Executive Director Pension|1,520| ## |Staff costs and numbers|2023|2022| |---|---|---| |Staff costs||| |Salaries and wages|519,458|387,951| |Social security costs|36,534|29,350| |Pension costs|10,235|8,397| ||566,227|425,698| ## |up as follo|ws|:|||||| |---|---|---|---|---|---|---|---| |||||2023||2022|| |||||Number||Number|| |Operation|of|the|Centre||43||29| ## ## ## ## ## |Fixed assets - tangible assets|Property|Fixtures/|| |---|---|---|---| ||development|fittings/|Total| ||costs|equipment|| |Cost|||| |1 April 2022|4,499,679|88,189|4,587,868| |Additions|65,789|1,666|67,455| |31 March 2023|4,565,468|89,855|4,655,323| |Depreciation|||| |1 April 2022|16,304|86,658|102,962| |Charge for year|197,997|1,864|199,861| |31 March 2023|214,301|88,522|302,823| |Net book values|||| |31 March 2023|4,351,167|1,333|4,352,500| |31 March 2022|4,483,375|1,531|4,484,906| ## ## ## ## ## |11|Debtors|||||| |---|---|---|---|---|---|---| |.|||||2023|2022| ||Trade debtors
Other debtors
Prepayments
and|accrued income|||25,205
1,219
158,206|39,901
130,785
104,075| ||||||184,630|274,761| |12.|Creditors: amounts||falling|due|2023|2022| ||within one year|||||| ||CBILS loan||||44,992|32,832| ||Trade creditors||||57,351|150,585| ||Other taxation/social||security||13,543|| ||Other creditors||||52,393|34,051| ||Accruals||||8,407|16,403| ||Deferred income|(note 14)|||89,503|87,249| ||||||266,189|321,120| |13.|Creditors: amounts||falling|due|2023|2022| ||after more than|one year||||| ||CBILS loan||||112,176|157,168| |14.|Deferred income|||||| ||Balance at 1 April|2022||||87,249| ||Amount
released|to|incoming|resources||(87,249)| ||Amount
deferred|in the year||||89,503| ||Balance at 31 March 2023|||||89,503| ## ## ## ## ## |Unrestricted
funds|Unrestricted
funds|Brought|Incoming|Outgoing|Transfers|Carried| |---|---|---|---|---|---|---| |||forward|resources|resources||forward| |General|fund|394651|860,301|(1,147,996)|259,067|366,023| |Designated
funds:||||||| |Capital|development|15,000||||15,000| |Impact|Assessment|30,000||||30,000| |Building|repairs/maintenance10,
000|||||10,000| |Hire liability||25,000||||25,000| |COVID|recovery|60,000|||(60,000)|| |||534,651|860,301|(1,147,996)|199,067|446,023| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Analysis of net asset|s betwee|n funds||||| |---|---|---|---|---|---|---| ||||General|Designated|Restricted|Total| ||||funds|funds|funds|| ||||2|2|2|2| |Fund balances at 31 March 2023||||||| |are represented
by:||||||| |Tangible fixed assets|||1,333||4,351,167|4,352,500| |Net current assets|||476,866|80,000|118,302|675,168| |Long term (liabilities)|||(112,176)|||(112,176)| ||||366,023|80,000|4,469,469|4,915,492| |Financial commitments||||||| |At 31 March 2023 the|company|had future|minimum|lease payments|under non-cancellable|operating| |leases, with payments|falling due as follows:|||||| ||||||2023|2022| ||||||2|2| |Due:||||||| |Within one year|||||23,000|23,000| |Between one and five|years||||92,000|92,000| |In overfive years|||||405,241|428,241| ||||||520,241|543,241| ## ## ## ## ## ## |22.|Analysis
of chang|e|s
in|net fun|d|s||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||Opening||Cash|Other|Closing| |||||||balance||flows|changes|balance| ||Cash at bank and|in|hand|||497,968||258,512||756,480| ||Debt due within one year
Debt due after one year|||||(32,832)
(157,168)||32,832|(44,992)
44,992|(44,992)
(112,176)| |||||||(190,000)||32,832||(157,168)| ||Net funds|||||307,968||291,344||599,312| |23.|Reconciliation
of|net income/(expenditure)|||||to net cashflow from||operating
activities|| ||||||||||2023|2022| ||||||||||2|2| ||Net
income/(expenditure)|||for|the||||135,829|3,174,115| ||reporting
period||(as|per|the|||||| ||statement
offinancial||activities)|||||||| ||Depreciation||||||||199,861|17,765| ||Dividends,
interest|and rents from||||investments|||(1,549)|(57)| ||Decrease/(increase)||in stocks||||||69|(316)| ||Decrease/(increase)||in debtors||||||90,131|(178,166)| ||(Decrease)
in creditors||||||||(67,091)|(88,617)| ||Net cash inflow from operating|||||activities|||357,250|2,924,724| ## ||||||2023|||2022|| |---|---|---|---|---|---|---|---|---|---| |Charitable
activities costs|||analysis||||f||| |Production costs|||||||||| |Staff and salary costs||||519,458|||387,951||| |Freelance fees||||255|||||| |Social security costs||||36,534|||29,350||| |Staff pension scheme costs||||10,235|||8,397||| |Theatre and creative learning||||232,496|||292,999||| |Cafe and bar hire costs||||35,108|||12,544||| |Bar costs ofsale||||5,167|||5,349||| |Advertising
and marketing||||30,712|||30,600||| |Irrecoverable
VAT||||977|||(25,037)||| |||||||870,942|||742,153| |Cost equivalent
ofsupport|||in kind||||||| |In kind support
- Artists|in|residence||21,399|||30,000||| |In kind support
- Emerging||companies|||||24,000||| |In kind support
- Classes and|||courses|13,120|||30,535||| |In kind support
- Christmas||Day||30,142|||26,076||| |||||||64,661|||110,611| |||||||935,603|||852,764| |Support and governance||costs|||||||| |Operation
ofThe Centre|||||||||| |Office consumables||||16,008|||19,678||| |Subscriptions/licences||||546|||||| |Rent equivalent
of donated||facilities||19,840|||19,840||| |Premises expenses||||121,403|||103,828||| |Insurance||||4,375|||||| |Sundries||||10,329|||12,144||| |Depreciation
of fixtures/fittings/equipment||||199,861|||17,765||| |||||||372,362|||173,255| |Finance|||||||||| |Bank charges||||121|||240||| |Freelance fees
—finance|||||||16,000||| |||||||121|||16,240| |Governance costs||||||372,483|||189,495| |Legal/professional||||5,235|||7,421||| |Accountancy/other||||500|||3,650||| |Audit||||8,000|||7,000||| |||||||13,735|||18,071| |||||||1,321,821|||1,060,330|