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2023-03-31-accounts

Charity Registration No. 1120041 Company Registration no. 05980172 (England and Wales)

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs S Smith
Ms A Cook (resigned 12/10/2022)
Mr C Brighty
Mr D Philpott
Mr J Hadley (resigned 30/01/2023)
Mr A Thorpe
Mr J Maguire
Company Secretary Mrs S Smith
Charity Number 1120041
Company Number 5980172
Registered Office The Kings Theatre, 16 Fitzroy Street, Newmarket
Suffolk
CB8 0JW
Independent Examiner Frances Hammond FCCA
Freshfields
St Mary's Road
Creeting St. Mary
Ipswich
Suffolk
IP6 8LZ

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

CONTENTS

Page
Trustees' Report 1-2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6-11

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their report and financial statements for the year ended 31 March 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and Activities

Objectives

The Company objectives are to educate the public and its members in the dramatic, musical and operatic arts, and to further the development of public appreciation and taste in the said arts and furtherance of this object to: Promote plays, drama, comedies, operas, operettas and other dramatic and operatic works of educative value and purchase, acquire and obtain interests in the copyright of or the right to perform or show any such dramatic or operatic work.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the company should undertake.

Activities

The Activities of the company involve producing and performing our own productions for the public and providing workshops and clubs for children as well as staffing the building on a voluntary basis for outside groups to hire the theatre for their productions or use the theatre building as a venue for education or training purposes within these Arts, thus providing a community theatre.

Achievements and Performance

Achievements

Coming out of lockdown saw the theatre getting back to normal but take up was slow, despite seeing a decrease in members wishing to continue and also regular patrons buying tickets for the shows we did manage to complete almost a full season of shows. In view of income being down, a full review was carried out on expenditure and prices were increased across the board in many areas.

Performance

The Company performance has decreased due to the slow return of members and patrons from the pandemic. Fund-raising has continued but Grants are in short supply, membership subscriptions have decreased and running costs, in particular utilities started to increase above normal rates of inflation. We also saw a lot of families struggle to pay membership subs on time, this led to a significant decrease in our financial performance

Financial Review

The Company Treasurer usually holds regular meetings with all the relevant members responsible for areas within the Company and reports back to the Board with financial reports with reviews on expenditure/sales and budgets. The Board met regularly to review various aspects including the Company financials.

Plans for the Future

The Company's plan is to survive given the current rising costs, especially in utilities. Its aim is to keep membership numbers at the same levels to pre-lockdown and continue to build awareness in the local area of the theatre and keep audience members at a level to sustain its productions.

A long-term aim is to investigate providing the venue for professional touring companies to educate the public more in the Arts. This will also involve marketing the building as a community theatre more.

The Trustees are also working with the Newmarket Charitable Organisation to look into the possibility of renting the theatre out for a cinema in order to help cover rising costs and also be more visible as the community theatre.

Regular fund-raising is ongoing, applying and obtaining grants with a view to being able to afford to pay for some administrative support will be looked at as well as signing up to more volunteering organisations in order to gain more members and raise the theatre’s profile within the town.

1

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) CONTINUED

FOR THE YEAR ENDED 31 MARCH 2023

Structure, Governance and Management Governing Document

Newmarket Operatic, Musical and Dramatic Society Ltd is a non-profit making company limited by guarantee and was formed as a limited company and became a charity in 2006 by the members and trustees. The governing documents of the charity are the company's Memorandum and Articles of Association.

The Trustees, who are also the directors for the purposes of company law, and who served during the year were:

Mrs S Smith Ms A Cook (resigned 12/10/2022) Mr C Brighty Mr D Philpott Mr J Hadley (resigned 30/01/2023) Mr A Thorpe Mr J Maguire

Governance

Newmarket Operatic, Musical and Dramatic Society Ltd is governed by an independent Board of Management, all of whom are Directors and Trustees. The board meets quarterly and normally has 7-9 members, this year the Board consisted of 7 members. All members have a variety of professional backgrounds relevant to the governance of the organisation, they are all volunteers.

Recruitment and Appointment of the Board of Trustees

Trustees are recruited from the membership upon application and chosen by the Board in accordance with the procedures set out in the Articles of Association. New Trustees are provided with all relevant information and guidance notes from the Charities Commission on their roles and responsibilities of Trustees. Training is carried out informally during the course of undertaking their duties and advice and reports are issued as and when required.

The Trustees Report was approved by the Board of Trustees.

Mrs S Smith

Company Secretary Dated:

2

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

I report to the Trustees on my examination of the financial statements of The Newmarket Operatic, Musical and Dramatic Society Ltd (the company) for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the Trustees of the company (and also its Directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements 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 the company's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all applicable 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 that in any material respect:

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 financial statements to be reached.

Frances Hammond FCCA

Dated:

3

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023
Notes
Income and endowments from:
3
4
5
Total income and endowments
Resources expended:
6
7
7
Total charitable expenditure
Total resources expended
Net income/(expenditure) for the year/
Net movement in funds
Voluntary income
Investment income
Other incoming resources
Costs of generating funds
Costs of generating voluntary income
Charitable activities
Other resources expended
Governance costs
Fund balances at 1 April 2022		 2023
2022
£
£
74,210
52,966
44
2
2,533
11,866
76,787
64,834
-
-
90,586
64,235
3,808
1,317
10,691
12,823
14,499
14,140
105,085
78,375
(28,298)
(13,541)
212,669
226,210
Fund balances at 31 March 2023 184,371
212,669

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

4

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023
Tangible assets
Stocks
Debtors
Cash at bank and in hand
Net current assets
Unrestricted funds - general
Notes
Fixed assets
10
Current assets
11
12
Creditors: amounts falling due
within one year
13
Total assets less current liabilities
Income funds		 2023
2022
£
£
£
£
178,024
184,409
926
1,101
1,198
555
10,282
29,164
12,406
30,820
6,059
2,560
6,347
28,260
184,371
212,669
184,371
212,669
184,371
212,669
212,669
212,669
212,669

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The Directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with the Companies Act 2006 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year which comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on..........................

Mrs S Smith Mr D Philpott Trustee Trustee

Company Registration No. 05980172

5

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting Policies

Charity Information

The Newmarket Operatic, Musical and Dramatic Society Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is The Kings Theatre, 16 Fitzroy Street, Newmarket, Suffolk, CB8 0JW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006 and "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)". The company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

1.3 Incoming resources

Income is recognised when the company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of donation.

1.4 Resources expended

All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay. Expenditure has been classified under headings that aggregate all costs related to the category.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity; this includes the preparation of this annual report and financial statements, and costs linked to the strategic management of the charity.

6

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies (continued)

Tangible fixed assets

1.5 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings 2% Straight Line
Plant and machinery 20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.6 Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on that basis or to realise the asset and settle the liability simultaneously.

7

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

2 Critical accounting estimated and judgements

In the application of the company's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period., or in the period of the revision and future periods where the revision affects both current and future periods.

2
Critical accounting estimated and judgements
3
Voluntary income
2023
2022
£
£
2023
2022
4
Investment income
£
£
2023
2022
5
Other incoming resources
£
£
In the application of the company's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period., or in the period of the revision and future periods where the
revision affects both current and future periods.
Ticket sales
35,012
23,373
Bar sales
7,635
5,356
Sweet sales
1,433
-
296
-
Ice cream sales
632
-
Programme sales
1,092
-
Coffee sales
213
-
100 Club
1,226
930
Hire of Theatre
1,100
300
Outside productions
375
-
Subscriptions
15,349
9,955
Workshops & summer schools
4,878
2,520
Donations
4,969
10,532
74,210
52,966
Unrestricted funds - general
44
2
Miscellaneous
2,533
449
Grants
-
11,417
2,533
11,866
Raffle sales		 2
Critical accounting estimated and judgements
3
Voluntary income
2023
2022
£
£
2023
2022
4
Investment income
£
£
2023
2022
5
Other incoming resources
£
£
In the application of the company's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period., or in the period of the revision and future periods where the
revision affects both current and future periods.
Ticket sales
35,012
23,373
Bar sales
7,635
5,356
Sweet sales
1,433
-
296
-
Ice cream sales
632
-
Programme sales
1,092
-
Coffee sales
213
-
100 Club
1,226
930
Hire of Theatre
1,100
300
Outside productions
375
-
Subscriptions
15,349
9,955
Workshops & summer schools
4,878
2,520
Donations
4,969
10,532
74,210
52,966
Unrestricted funds - general
44
2
Miscellaneous
2,533
449
Grants
-
11,417
2,533
11,866
Raffle sales		 2
Critical accounting estimated and judgements
3
Voluntary income
2023
2022
£
£
2023
2022
4
Investment income
£
£
2023
2022
5
Other incoming resources
£
£
In the application of the company's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period., or in the period of the revision and future periods where the
revision affects both current and future periods.
Ticket sales
35,012
23,373
Bar sales
7,635
5,356
Sweet sales
1,433
-
296
-
Ice cream sales
632
-
Programme sales
1,092
-
Coffee sales
213
-
100 Club
1,226
930
Hire of Theatre
1,100
300
Outside productions
375
-
Subscriptions
15,349
9,955
Workshops & summer schools
4,878
2,520
Donations
4,969
10,532
74,210
52,966
Unrestricted funds - general
44
2
Miscellaneous
2,533
449
Grants
-
11,417
2,533
11,866
Raffle sales
3
Voluntary income
4
Investment income
5
Other incoming resources
Ticket sales
Bar sales
Sweet sales
Ice cream sales
Programme sales
Coffee sales
100 Club
Hire of Theatre
Outside productions
Subscriptions
Workshops & summer schools
Donations
Unrestricted funds - general
Miscellaneous
Grants
Raffle sales		 2023
2022
£
£
35,012
23,373
7,635
5,356
1,433
-
296
-
632
-
1,092
-
213
-
1,226
930
1,100
300
375
-
15,349
9,955
4,878
2,520
4,969
10,532
74,210
52,966
2023
2022
£
£
44
2
2023
2022
£
£
2,533
449
-
11,417
2,533
11,866

8

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

6 Costs of generating voluntary income 2023 2022
£ £
Front of house purchases 1,170 1,637
100 club prizes 516 660
Ticket and programme costs 860 770
Bar purchases 2,810 2,527
Advertising 4,786 3,836
Light, heat, water & refuse 22,950 10,580
Wardrobe & make-up 1,930 1,731
Sets, props, lighting, sound etc 4,103 2,587
Royalties, scripts, music, show licences etc 5,270 593
Venue hire - 234
Musicians' fees 6,840 4,950
Crew, directors, producers & cast costs 5,550 3,248
Teaching/coaching 6,523 5,471
Clothing costs 1,049 307
Training costs - 1,194
Health & safety costs 2,708 3,030
Insurance 3,575 2,767
Mileage and transport costs 225 37
Telephone & internet 755 680
Printing, stationery, computer & photocopier costs 3,335 3,546
Licences & subscriptions 326 529
Repairs & renewals 11,145 9,976
Cleaning 1,630 2,075
Choreography and performance fees 2,530 1,270
90,586 64,235
7 Charitable activities Other
**Resources ** Governance
**Expended ** Costs
2023 2023 Total 2023 Total 2022
£ £ £ £
Professional fees - - - 61
Accountancy fees - 250 250 438
Bookkeeping fees - 1,118 1,118 1,384
Rent 2,088 - 2,088 1,248
Trophies and awards 277 - 277 66
Bank charges & interest 1,429 - 1,429 1,103
Depreciation - 9,177 9,177 9,720
Loss on disposal of tangible fixed assets - 146 146 117
Miscellaneous 14 - 14 3
3,808 10,691 14,499 14,140
Analysis by fund
Unrestricted funds - general 3,808 10,691 14,499

9

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

8 Trustees' transactions

Please see below remuneration and benefits paid to the trustees in the year:

Mrs S Smith was paid £550 for teaching and coaching services (2022: £325), £1,200 for directing/managing shows (2021: £250) and £nil for bookkeeping services (2022: £250), £160 was paid to Sarah & Cat Cleaning a business in which Mrs S Smith is a partner (2022: £1,536). Mr J Hadley was paid £1,244 for cleaning services (2022: £188). Mr A Thorpe was paid £1,125 for teaching and coaching (2022: £525) and £500 for directing shows (2022: £500). Mr J Maguire was paid £100 for crew costs (2022:nil) and £nil for directing shows (2022: £500). Artistry in Cocoa, in which Mr C Brighty is a partner, was paid £1,049 for the supply of ice creams (2022: £632).

During the year, £4,299 (2022: £2,279) was reimbursed to 4 (2022: 3) Trustees for goods they purchased on behalf of the charity.

9 Employees

There were no employees during the year.

10 Land and Plant and
buildings machinery Total
£ £ £
Tangible fixed assets
At 1 April 2022 209,507 104,539 314,046
Additions - 2,938 2,938
Disposals - (1,088) (1,088)
At 31 March 2023 209,507 106,389 315,896
Depreciation and impairment
At 1 April 2022 47,218 82,419 129,637
Depreciation charged in the year 4,190 4,987 9,177
Depreciation on disposal - (942) (942)
At 31 March 2023 51,408 86,464 137,872
Carrying amount
At 31 March 2023 158,099 19,925 178,024
At 31 March 2022 162,289 22,120 184,409
11 2023 2022
£ £
Stocks
Raw materials and consumables 926 1,101

10

THE NEWMARKET OPERATIC, MUSICAL AND DRAMATIC SOCIETY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

2023
2022
£
£
12
Debtors
Amounts falling due within one year:
2023
2022
£
£
13
Creditors
Amounts falling due within one year:
Unrestricted funds
2023
2022
£
£
14
Analysis of net assets between funds
2023
2022
£
£
15
Cash generated from operations
Cash generated from/(absorbed by) operations
Cash from investment activities
Net increase/(decrease) in cash and cash equivalents
Trade debtors
-
-
Prepayments and accrued income
1,198
555
1,198
555
Accruals and deferred income
4,270
2,186
6,059
2,560
Fund balances at 31 March 2023 are represented by:
Tangible assets
178,024
184,409
Current assets/(liabilities)
6,347
28,260
184,371
212,669
Surplus/(deficit) for the new year
(28,298)
(13,541)
Adjustments for:
Asset additions
(2,938)
(6,056)
Depreciation and loss on disposal
9,323
9,837
Investment income recognised in statement of financial activities
(44)
(2)
Movements in working capital:
Decrease in stocks
175
904
Decrease/(increase) in debtors
(643)
2,467
(Decrease)/increase in creditors
3,499
(2,429)
(18,926)
(8,820)
44
2
(18,882)
(8,818)
Trade creditors
1,789
374		 2023
2022
£
£
12
Debtors
Amounts falling due within one year:
2023
2022
£
£
13
Creditors
Amounts falling due within one year:
Unrestricted funds
2023
2022
£
£
14
Analysis of net assets between funds
2023
2022
£
£
15
Cash generated from operations
Cash generated from/(absorbed by) operations
Cash from investment activities
Net increase/(decrease) in cash and cash equivalents
Trade debtors
-
-
Prepayments and accrued income
1,198
555
1,198
555
Accruals and deferred income
4,270
2,186
6,059
2,560
Fund balances at 31 March 2023 are represented by:
Tangible assets
178,024
184,409
Current assets/(liabilities)
6,347
28,260
184,371
212,669
Surplus/(deficit) for the new year
(28,298)
(13,541)
Adjustments for:
Asset additions
(2,938)
(6,056)
Depreciation and loss on disposal
9,323
9,837
Investment income recognised in statement of financial activities
(44)
(2)
Movements in working capital:
Decrease in stocks
175
904
Decrease/(increase) in debtors
(643)
2,467
(Decrease)/increase in creditors
3,499
(2,429)
(18,926)
(8,820)
44
2
(18,882)
(8,818)
Trade creditors
1,789
374		 2023
2022
£
£
12
Debtors
Amounts falling due within one year:
2023
2022
£
£
13
Creditors
Amounts falling due within one year:
Unrestricted funds
2023
2022
£
£
14
Analysis of net assets between funds
2023
2022
£
£
15
Cash generated from operations
Cash generated from/(absorbed by) operations
Cash from investment activities
Net increase/(decrease) in cash and cash equivalents
Trade debtors
-
-
Prepayments and accrued income
1,198
555
1,198
555
Accruals and deferred income
4,270
2,186
6,059
2,560
Fund balances at 31 March 2023 are represented by:
Tangible assets
178,024
184,409
Current assets/(liabilities)
6,347
28,260
184,371
212,669
Surplus/(deficit) for the new year
(28,298)
(13,541)
Adjustments for:
Asset additions
(2,938)
(6,056)
Depreciation and loss on disposal
9,323
9,837
Investment income recognised in statement of financial activities
(44)
(2)
Movements in working capital:
Decrease in stocks
175
904
Decrease/(increase) in debtors
(643)
2,467
(Decrease)/increase in creditors
3,499
(2,429)
(18,926)
(8,820)
44
2
(18,882)
(8,818)
Trade creditors
1,789
374
12
Debtors
Amounts falling due within one year:
13
Creditors
Amounts falling due within one year:
14
Analysis of net assets between funds
15
Cash generated from operations
Cash generated from/(absorbed by) operations
Cash from investment activities
Net increase/(decrease) in cash and cash equivalents
Trade debtors
Prepayments and accrued income
Accruals and deferred income
Fund balances at 31 March 2023 are represented by:
Tangible assets
Current assets/(liabilities)
Surplus/(deficit) for the new year
Adjustments for:
Asset additions
Depreciation and loss on disposal
Investment income recognised in statement of financial activities
Movements in working capital:
Decrease in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Trade creditors		 2023
2022
£
£
-
-
1,198
555
1,198
555
2023
2022
£
£
4,270
2,186
1,789
374
6,059
2,560
Unrestricted funds
2023
2022
£
£
178,024
184,409
6,347
28,260
184,371
212,669
2023
2022
£
£
(28,298)
(13,541)
(2,938)
(6,056)
9,323
9,837
(44)
(2)
175
904
(643)
2,467
3,499
(2,429)
(18,926)
(8,820)
44
2
(18,882)
(8,818)
16
Analysis of changes in net funds
The company had no debt during the year.

11