2023-03-31-accounts - HighTide Theatre Limited

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		Page
Report ofthe Trustees	I	to	7
Report ofthe Independent Auditors	8	to	10
Statement ofFinancial Activities
Statemeot ofFinancial Position		12
Notes to the Financial Statements	13	to	19
Detailed Statement ofFinancial Activities	20	to	21

	for	the year e	nded 31March	2023
					31.3.23	31.3.22
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			585		585	6,476
Charitable activities
Co-Producers Income						17,821
Other charitable income			17,900		17,900	12,183
Fundraising income		2	372,190		372,190	430,761
Investment income		3	239		239
Other income						~4494
Total			390,914		390914	~471 735
EXPENDITURE ON
Charitable activities
Production fees			870		870	61,721
Creative fees						27,416
Accommodation and subsistence						17,041
Development tk engagement			28,047		28,047	27,126
Artistic development			9,198		9,198	8,393
General administrative	costs		29,105		29,105	25,096
Staff costs			175,260		175,260	239,053
Premises costs			76,840		76,840	80,063
Staff costs			10,113		10,113
Accountancy			10,120		10,120	8,828
Marketing			5,218		5,218	24,858
Other			~13607		13,607	35,794
Total			358,378		358,378	555,389
NET INCOME/(EXPENDITURE)			32,536		32,536	(83,654)
RECONCILIATION	OFFUNDS
Total funds brought forward			127,351		127,351	211,005
TOTAL FUNDS CARRIED FORWARD			159,887		~159887	~127 351

HighTide Festival	Productions Limited (Registered	Productions Limited (Registered	number: 063	26484)
	Statement ofFinancial Position
	31March 2023
				31.3.23	31.3.22
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Intangible assets	8	13,800		13,800
Tangible assets	9	480		480	928
		14,280		14,280	928
CURRENT ASSETS
Debtors	10	12,049		12,049	20,689
Cash at bank		~161 691		161,691	166,245
		173,740		173,740	186,934
CREDITORS
Amounts falling due within one year	11	(28,133)		(28,133)	(60,511)
NET CURRENT ASSETS		~145607		~145607	~126423
TOTAL ASSETSLESSCURRENT
LIABILITIES		159,887		159,887	127,351
NET ASSETS		~159 887		~159 887	127,351
FUNDS	12
Unrestricted funds				~159887	~127 51
TOTALFUNDS				~159887	~127 51

	FUNDRAISING INCO	ME
			31.3.23	31.3.22
	Commission income			7,850
	NPO Funding		195,179	318,855
	Trust and Foundation		77,917	22,500
	One OffDonations		93,476	81,556
	Individual giving		5618
			~372 190	~430761
3.	INVESTMENT INCOME
			31.3.23	31.3.22
	Deposit account interest		239
4.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
			31.3.23	31.3.22
	Auditors' remuneration		10,120	8,828
	Depreciation -owned assets		2,371	28
	Other operating leases		1,840	2,322

The average monthly nu	mber ofem	ployees during the year was as	follows:
				31.3.23	31.3.22
Office staff				5	5
No employees received	emoluments	in excess of560,000.
COMPARATIVES FORTHE STATEMENT OF FINANCIAL			ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
					6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			6,476		6,476
Charitable activities
Co-Producers Income			17,821		17,$21
Other charitable income			12,183		12,183
Fundraising income			430,761		430,761
Other income			4,494		4,494
Total			471,735		471,735
EXPENDITURE ON
Charitable activities
Production fees			61,721		61,721
Creative fees			27,416		27,416
Accommodation and subsistence			17,041		17,041
Development &engagement			27,126		27,126
Artistic development			8,393		8,393
General administrative	costs		25,096		25,096
Staff costs			239,053		239,053
Premises costs			80,063		80,063
Accountancy			8,828		8,828
Marketing			24,858		24,858
Other			35,794		~35 794
Total			~555 389		~555 89
NET INCOME/(EXPENDITURE)			($3,654)		(83,654)

		Notes to the Financial Statements - continued for the year ended 31March 2023	Notes to the Financial Statements - continued for the year ended 31March 2023	Notes to the Financial Statements - continued for the year ended 31March 2023	Notes to the Financial Statements - continued for the year ended 31March 2023
	COMPARATIVES	FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				fund	fund	funds
	RECONCILIATION		OFFUNDS
	Total funds brought	forward		211,005		211,005
	TOTAL FUNDS CARRIED FORWARD
8.	INTANGIBLE FIXEDASSETS
						Computer
						software
						6
	COST
	Additions					13,800
	NET BOOKVALUE
	At 31March 2023					~13 800
	At 31 March 2022
9.	TANGIBLE FIXED		ASSETS
						Computer
						equipment
	COST
	At I April 2022					983
	Additions					1,923
	At 31March 2023					2 906
	DEPRECIATION
	At 1 April 2022					55
	Charge foryear					~2371
	At 31March 2023					~2426
	NET BOOK VALUE
	At 31 March 2023					480
	At 31 March 2022					928

		Notes to the Financial Statements - conti for tbe year ended 31March 2023	Notes to the Financial Statements - conti for tbe year ended 31March 2023	Notes to the Financial Statements - conti for tbe year ended 31March 2023	Notes to the Financial Statements - conti for tbe year ended 31March 2023	nued
10.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
							31.3.23	31.3.22
	Trade debtors							480
	VAT						6,062	7,018
	Prepayments	and accrued income					5,987	~13 191
							12,049	20,689
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
							31.3.23	31.3.22
	Trade creditors						731	10,520
	Social security		and other taxes				4,902	6,107
	Accrued expenses						22 500	~43 884
							28,133	60,511
12.	MOVEMENT		IN FUNDS
							Net
							movement	At
					At	1.4.22	in funds	31.3.23
						f.
	Unrestricted	funds
	General fund				127,351		32,536	159,887
	TOTAL FUNDS				127,351		32,536	159,887
	Net movement		in funds, included		in the above are as follows:
					Incoming		Resources	Movement
					resources		expended	in funds
	Unrestricted	funds
	General fund				390,914		(358,378)	32,536
	TOTAL FUNDS				390,914		f358,37S)	32,536
	Comparatives		for movement	in	funds
							Net
							movement	At
					At	1.4.21	in funds	31.3.22
	Unrestricted	funds
	General fund				211,005		(83,654)	127,351
	TOTAL FUNDS				~211 005		~83654)	~127 351

for the year ended 3	1March 2023
	31.3.23	31.3.22
INCOME AND ENDOWMENTS
Donations and legacies
Gift aid	585	1,553
Subscriptions		4,923
	585	6,476
Fundraising income
Commission income		7,850
NPO Funding	195,179	318,855
Trust and Foundation	77,917	22,500
One OffDonations Individual giving	93,476 ~5618	81,556
	372,190	430,761
Investment income
Deposit account interest	239
Charitable activities
Core activity	10,450	12,183
Engagement Income	~7450	~17821
	17,900	30,004
Other income
Furlough income		4,479
No description		15
		4,494
Total incoming resources	390,914	471,735
EXPENDITIJRE
Charitable activities
Wages	175,260	196,403
Premises costs	75,000	75,000
Production fees and costs	870	40,114
Marketing	5,218	31,464
Creative fees		27,641
Accommodation and subsistence		18,333
Engagement	8,547	12,999
Artistic development	28,698	15,695
General administration		18,711
Staffcosts	~10 113	~56 134
	303,706	492,494

				HighTide Festival Productions Limited
				Detailed Statement ofFinancial Activities
				for the year ended 31March 2023
					31.3.23	31.3.22
Charitable	activities
Other
Wages					12,607	35,794
Governance					1,000
					13,607	35,794
Support costs
Management
Insurance					2,687
Finance
Other operating			leases		1,840	2,322
Bank charges					1,090
Bank fees						827
					2,930	3,149
Information		technology
ITCosts Computer	equipment				3,341 ~1697	6,082
					5,038	6,082
Other
Insurance						2,333
General admin			overheads		20,290	5,529
Computer	equipment					27
					20,290	7,889
Governance		costs
Auditors' Sundries	remuneration				10,120	8,828 ~II53
					~10120	~9981
Total resources		expended			~358378	~555 389
Net income/(expenditure)					~32 536	83654