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2022-12-31-accounts

Charity number: 1126603 Company number : 06457314

The Television Workshop Limited (A company limited by guarantee)

Unaudited Financial Statements

for the year ended 31 December 2022

Wright Vigar Limited Chartered Accountants Alexandra House 43 Alexandra Street Nottingham NG5 1AY

The Television Workshop Limited

Contents

Page
Charity Reference and Administrative Details 1
Trustees' Annual Report (Including Directors' Report) 2 - 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 - 10
Notes to the Financial Statements 11 - 16

The Television Workshop Limited

Charity Reference and Administrative Details

Charity number 1126603
Company registration number 06457314
Business Address Unit 2
9 Cranbrook Street
Nottingham
NG1 1EJ
Registered Office Alexandra House
43 Alexandra Street
Nottingham
NG5 1AY
Trustees Sue Nott
Julian Kemp
Michael Watts
Felicity Milton
Kelly Jaggers
Natalie Moore
Carolina Giammetta
Tara Gayle
Karl Myers Appointed 26/04/2023
Steven Ryde Appointed 26/04/2023
Accountants Wright Vigar Limited
Chartered Accountants
Alexandra House
43 Alexandra Street
Nottingham
NG5 1AY
Bankers The Co-operative Bank
PO Box 250
Delf House
Southway
Skelmersdale
WN8 6WT

1

The Television Workshop Limited

Trustees' Annual Report (Including the Directors' Report) for the year ended 31 December 2022

The trustees present their report and the financial statements for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 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.

The trustees of the charity, who are also directors of The Television Workshop Limited for the purposes of company law and who served during the year and since the year end are set out on Page 1.

Structure, governance and management

Trust Deed

The charity is an incorporated trust limited by guarantee by the Memorandum and Articles of Association amended on 14 August 2008.

Appointment of Trustees

The appointment of trustees is set out in the Memorandum and Articles of Association. The trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making process. They are selected on the basis of their experience, skills and benefits that they bring to the charity.

Reserves Policy

The trustees have agreed that the trust will aim to maintain a level of unrestricted funds equal to three months expenditure commitments and, in order to achieve this, the charity has introduced tuition fees payable monthly by direct debit.

Public Benefit

The charity reviews its aims, objectives and activities each year and, in doing so, have referred to the guidance contained in the Charity Commission's general guidance on public benefit.

Risk management

The trustees have examined the major business and operational risks of the charity and confirm that systems have been established to manage these risks.

Objectives and activities

The charity is a charitable company limited by guarantee and was incorporated on 19 December 2007. The company was granted charitable status from 5 November 2008. It is governed by a Memorandum and Articles of Association. Its objects are to develop, train and educate young people through regional drama workshops and to provide a resource for stage, screen and radio. The charity aims to provide free or affordable training in order to target children and young people from the ages of 7 to 21.

2

The Television Workshop Limited

Trustees' Annual Report (Including the Directors' Report) for the year ended 31 December 2022

Achievements and performance

The trust performed satisfactorily against its objectives during 2022. Incoming resources amounted to £466,436 and resources expended amounted to £456,330. The trust carries forward a general fund balance of £114,573. There weren't any restricted funds at 31 December 2022.

The aim of the charity has always been to provide training for stage and screen for local young talent. The Workshop charity has ensured that sufficient interest has been fostered yearly by visits to schools, mailouts and social media posts to garner sufficient numbers for a talented and balanced membership. The rigorous audition process is key to the success of the charity in meeting its objectives and its weekly training sessions continue to deliver the highest standard of teaching from the experienced and DBS checked team.

The numbers of members required for the financial income required for the charity to continue is monitored closely, and the reserve group is on hand to supplement the numbers in the main group if necessary. Whilst there is no definite outcome of achievements that can be measured in casting successes, the last year continues to remain in line with previous years' results and the reputation of the charity and its work is as strong as ever.

The Workshop continues to be run on a day-to-day basis by the Workshop Director and the administrator, supported by the Board of Directors (drawn from experienced film and television individuals) and the tutors responsible for delivering the sessions, directing the plays and assisting with casting. Any substantial changes are presented to the board for approval.

At the present time we have a stable board and will need to consider the induction and training of trustees. It is currently carried out on an ad hoc basis. Similarly pay for the director is set by the board and consideration is given to the hours worked and responsibilities undertaken. A comparison is usually made with similar jobs within the arts.

Financial review (including future plans)

The Workshop continues to build on the stability and success of previous years and retains its formidable reputation within the film and television industry both locally, nationally and internationally. We continue to achieve a greater sustainability, with significant projects bringing in revenue and with substantial casting providing both income and kudos.

Report from Nottingham Workshop

Following a year greatly affected by the pandemic, 2022 saw a more stable time under the leadership of Executive Artistic Director, Alison Rashley, and with the support of The Board of Trustees.

Term Fees revenue from our main group of students is our main source of income, with 15% of these receiving bursaries in keeping with the Workshop ethos and charity status to waive fees for those from financially disadvantaged backgrounds. We held auditions for new members and following these increased our membership by 40 to 300 in the Main Group and 150 Reserve Group members with resulting increased income. Due to rising costs, it is expected that we will increase term fees for the first time since 2019 and will increase session and term length accordingly.

3

The Television Workshop Limited

Trustees' Annual Report (Including the Directors' Report) for the year ended 31 December 2022

Financial review (including future plans) (continued)

We have continued to develop our casting process and a number of the group have enjoyed casting successes although this income has reduced from 2021 when productions started up after being on hold during the pandemic. From September 2022 all our students are solely represented by the Workshop as their agent and 10% commission is deducted from all work secured. Older students are only able to seek outside representation when agreed with us and on a “shared commission” basis until they are 21. We have increased the number of students on Spotlight, which eases the casting process and enables direct contact from casting directors. A new self-tape area has been created to improve the quality of audition tapes and we are also seeing an increase in in-person auditions.

In 2022 our students maintained our reputation in the industry and worked on many projects including: Emmerdale (ITV), Without Sin (ITV) NSPCC, Phoenix Rise (BBC), The F*ck It Bucket (Netflix), Silverpoint S2 (Zodiak Films), Casualty (BBC), Doctors (BBC), Blondi’s War (BFI short), Lord of the Free Range (BFI short), First Touch (Nottingham Playhouse) and local and national charity, training and music, short films plus local projects for BFI Film Academy, NTU, FA short films.

We have continued to develop our collaboration with Confetti College and Nottingham Trent University with positive benefits for both parties.

HMRC Theatre Tax Relief of £2,131 was received for the 2020 Play Season.

A Film Festival was held which highlighted the work of our members and also allowed casting directors to see our students on camera. The Festival was held in July 2022 at Broadway Cinema and also in Salford University to show the films created by the Over 16s groups. These groups started work on the 40th Anniversary Film Festival for 2023 during the Autumn terms. The 40th Anniversary celebration was held in May 2023.

We began searching for a new base, due to being in the final year of our current tenancy agreement with Richmond House and the rising costs of that space. After a long search, we signed a 2-year deal on 9 Cranbrook Street, Nottingham. The cost is £12,000 per annum including utilities up to a cap of £75 per month. Although smaller, so it cannot be used as a performance space, the savings mean we can rent either theatre or cinema spaces for future performances. The increased seating capacity in these, leading to increased ticket sales, should offset any cost and perhaps even improve profit on shows, as well as giving the students a better experience overall. We also have a membership at Antenna Media which is a shared workspace with other creative industry professionals.

A new website went live in June 2022, funded by Novel Entertainment, which has resulted in very positive feedback. An improvement in social media posting has seen a huge increase in engagement.

A new tutor and administrative assistant was employed on a 25 hours per week freelance basis to assist with teaching and to support increasing administrative demands. Our assistant leader has now been given a full-time contract up from 4 days per week. With an increasing workload there is a need for increasing staff further in the future.

A two-day Summer School was held in August, and this proved to be very popular with our students who had the opportunity to learn skills including break dancing, stage combat, drumming, writing and singing. The event made a profit of £2k and a date is now booked for 2023. We plan for this to become an annual event.

2022 saw another increase in donations from within the industry including long term funding from All3Media for £7.5k pa. Ten bursary places have been funded by ITV Diversity and Inclusion and further donations made by casting directors and agents.

4

The Television Workshop Limited

Trustees' Annual Report (Including the Directors' Report) for the year ended 31 December 2022

Financial review (including future plans) (continued)

Parents also made donations for the new rehearsal space in Nottingham. Alison Rashley has been developing partnerships with local business organisations which will bring increased funding in the future, with this being part of the focus for the 40th Anniversary of the Workshop in 2023.

Report from Salford Workshop

The Television Workshop Salford continued to work towards achieving self-sustainability in accordance with its original 2012 business plan, throughout 2022. The sessions have been held in a hired low-cost community venue in Stretford. Our plan will be to return to a Salford location when a suitable one is found.

The group continued to be supported by the Salford Partners (a group of industry professionals from the industry) and also the Board of Trustees.

The group had a total of 80 members across the year during 2022 with approximately 15% of members in receipt of either a full or half bursary.

A donation of £4k was received from ITV Coronation Street and £3.5k from BBC Children’s to support the Salford Workshop. Other donations were received from All3Media which funded the Film Festival and a donation of 6 bursaries from Buccaneer Media.

The Film Festival held July 2022 was a showcase for the short films made by the Over 16s students and this was attended by parents/carers and industry professionals.

Commission income was lower from October 2022 as an older ex-member has moved to self-representation on work for a soap. We continue to develop casting relationships to secure work for our students alongside their training sessions. Work commissioned in 2022 for our members included: Emmerdale (ITV), SA (supporting artist) work on Coronation Street (ITV) and a short film for JD Sports (commercial).

The full-time leader of the Salford Workshop resigned in October 2022 and a temporary part-time leader was in place until the end of the year. A new freelance leader was hired in January and continued until July 2023. Due to the challenge of finding a leader of sufficient quality the decision has been taken to pause the group until January 2024 to give time for a new venue and leader to be found.

Trustees' responsibilities statement

The trustees (who are also directors of The Television Workshop Limited for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

5

The Television Workshop Limited

Trustees' Annual Report (Including the Directors' Report) for the year ended 31 December 2022

Trustees' responsibilities statement (continued)

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by the Board of Trustees on 22 September 2023 and signed on its behalf by:

Felicity Milton (Sep 26, 2023 16:31 GMT+1)

Felicity Milton Director

6

The Television Workshop Limited

Independent Examiner's Report to the Trustees of The Television Workshop Limited for the year ended 31 December 2022

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 8 to 16.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (''the 2006 Act").

Having satisfied myself 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, I report in respect of my examination of the company's accounts 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

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

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 accounts to be reached.

Steve Newman

Steve Newman (Sep 26, 2023 16:41 GMT+1)

Steven Newman LLB BFP FCA Independent Examiner

Wright Vigar Limited Chartered Accountants and Business Advisors

Alexandra House 43 Alexandra Street Nottingham NG5 1AY

Date 26/09/2023

7

Statement of Financial Activities (Including the Income and Expenditure Account) for the year ended 31 December 2022

Note
Income and endowments from:
Income resources from generating funds
Donations
2
Other trading activities
3
Investments
Charitable activities
4
Other income
5
Total income and endowments
Expenditure on:
Costs of generating funds
Raising funds
6
Charitable activities
7
Total expenditure
Net income/(expenditure)
for the year
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 2022
2022
2022
2021
Unrestricted
Funds
Restricted
Funds
Total Funds Total Funds
£
£
£
£
30,261
-
30,261
17,651
314,040
-
314,040
390,329
35
-
35
9
122,100
-
122,100
100,649
-
-
-
35,565
466,436
-
466,436
544,203
278,212
-
278,212
348,178
178,119
-
178,119
154,860
456,331
-
456,331
503,038
10,105
-
10,105
41,165
-
-
-
-
10,105
-
10,105
41,165
104,468
-
104,468
63,303
114,573
-
114,573
104,468

All income and expenditure is derived from continuing activities.

The notes on pages 11 to 16 form part of these accounts.

8

The Television Workshop Limited

Balance Sheet as at 31 December 2022

Note
Fixed Assets
Tangible Assets
12
Current Assets
Debtors
13
Cash at bank
Creditors: amounts falling
due with in one year
14
Net current assets
Net assets
Charity funds
Unrestricted funds
15
Restricted funds
Total charity funds		 11,489
114,842		 2022
£
914
113,659		 20,677
96,312		 2021
£
712
103,756
126,331
12,672		 116,989
13,233
114,573 104,468
114,573
-		 104,468
-
114,573 104,468

9

The Television Workshop Limited

Balance Sheet as at 31 December 2022 (continued)

For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board and authorised for issue on 22 September 2023 and signed on its behalf by

Felicity Milton (Sep 26, 2023 16:31 GMT+1)

Felicity Milton Director

Company registration number: 06457314

The notes on pages 11 to 16 form part of these accounts.

10

The Television Workshop Limited

Notes to the financial statements for the year ended 31 December 2022

1. Summary of significant accounting policies

1.1 General information and basis of preparation

The Television Workshop Limited is a public benefit entity limited by guarantee, registered in England and Wales. The address of the registered office is 43 Alexandra Street, Nottingham, NG5 1AY. The nature of the charity's operations and principal activities are to develop, train and educate young people through regional drama workshops and to provide a resource for stage, screen and radio. The charity aims to provide free or affordable training in order to target children and young people from the ages of 7 to 21.

The financial statements have been prepared in accordance with 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 (FRS102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Cashflow

The charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement because it is a small charity.

1.3 Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Income recognition

All incoming resources are included in the Statement of Financial Activities (''SOFA'') when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes entitled to the grant.

11

The Television Workshop Limited

Notes to the financial statements for the year ended 31 December 2022

1.4 Income recognition (continued)

Incoming resources for charitable trading activity are accounted for when earned.

Investment income is included when receivable.

Ticket and merchandise sales are included as incoming resources within activities for generating funds when they are sold.

Where income performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

1.5 Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including shows.

Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

1.6 Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

1.7 Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Furniture 25% reducing balance Fixtures fittings and equipment 25% straight line

12

The Television Workshop Limited

Notes to the financial statements for the year ended 31 December 2022

1.8 Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

1.9 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2. Income from donations

Donations
Bursaries
BBC Public Service
ITV
Big Lottery Fund
All3Media		 Unrestricted
Restricted
2022
2021
funds
funds
Total
Total
£
£
£
£
3,856
-
3,856
11,951
11,405
-
11,405
1,200
3,500
-
3,500
-
4,000
-
4,000
-
-
-
-
4,500
7,500
-
7,500
-
30,261
-
30,261
17,651

Income from donations were £30,261 (2021 - £17,651) of which £nil (2021 - £4,500) was attributable to restricted funds and £30,261 (2021 - £13,151) was attributable to unrestricted funds.

3. Income from other trading activities

Ticket sales
Merchandise sales
Theatre and cinema hire
Student administration fees - commission
Casting fees received on behalf of students		 Unrestricted
Restricted
2022
2021
funds
funds
Total
Total
£
£
£
£
3,581
-
3,581
6,926
5,938
-
5,938
6,188
1,031
-
1,031
413
36,510
-
36,510
45,501
266,980
-
266,980
331,301
314,040
-
314,040
390,329

Income from other trading activities was £314,040 (2021 - £390,329) of which £314,040 (2021 - £390,329) was attributable to unrestricted funds.

13

The Television Workshop Limited

Notes to the financial statements for the year ended 31 December 2022

4. Income from charitable activities

Term fees
Other miscellaneous drama tuition		 Unrestricted
Restricted
2022
2021
funds
funds
Total
Total
£
£
£
£
117,955
-
117,955
95,041
4,145
-
4,145
5,608
122,100
-
122,100
100,649

Income from charitable activities was £122,100 (2021 - £100,649) of which £122,100 (2021 - £100,649) was attributable to unrestricted funds.

5. Other incoming resources

Local Authority Coronavirus Grant
6.
Expenditure on raising funds
Fees paid to students for castings
Show and film expenses
T-shirt expenses		 Unrestricted
Restricted
2022
2021
funds
funds
Total
Total
£
£
£
£
-
-
-
35,565
-
-
-
35,565
2022
2021
Unrestricted
Restricted
Total
Total
funds
funds
£
£
£
£
267,886
-
267,886
330,672
7,512
-
7,512
14,168
2,814
-
2,814
3,338
278,212
-
278,212
348,178

7. Expenditure on charitable activities - by activity

Current tax charge
General funds
Analysis of support costs
Insurance
Accountancy charges
Administration costs
Office costs
Other office expenses
Legal and professional costs
Depreciation		 Activities
undertaken
Support
2022
2021
directly
costs
£
£
£
£
(2,364)
-
(2,364)
(6,422)
142,563
37,920
180,483
161,282		 Activities
undertaken
Support
2022
2021
directly
costs
£
£
£
£
(2,364)
-
(2,364)
(6,422)
142,563
37,920
180,483
161,282
140,199
37,920		 178,119
154,860
2022
2021
£
£
1,347
977
3,241
3,613
17,149
16,636
10,534
8,539
4,135
1,669
1,147
1,029
367
218
37,920
32,681

8. Analysis of support costs

14

The Television Workshop Limited

Notes to the financial statements for the year ended 31 December 2022

9.

Operating profit
Net income is stated after charging:
Depreciation and other amounts written off tangible fixed assets
Independent examiners' fees
Other accounting services		 £
£
367
218
2,762
2,568
479
1,032

10. Trustees' and key management personnel remuneration and expenses

Trustees received no remuneration and were not reimbursed for any of their expenses in the year (2021 - nil).

11. Staff costs and employees benefits

The total staff costs and employees' benefits were as follows: 2022 2021
£ £
Salaries 89,385 54,201
Social security costs 4,286 1,098
Defined contribution pension costs 2,151 1,256
95,822 56,555
No employees received emoluments of more than £60,000 (2021 - none)

Number of employees

The average monthly numbers of employees during the year was as follows:

2022 2021
Number Number
Charitable activities 3 3

12. Tangible Fixed Assets

Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
On disposals
At 31 December 2022
Net book values
At 31 December 2022
At 31 December 2021		 Fixtures,
fittings and
Furniture
equipment
Total
£
£
£
540
2,301
2,841
319
250
569
(540)
(1,401)
(1,941)
319
1,150
1,469
540
1,589
2,129
80
287
367
(540)
(1,401)
(1,941)
80
475
555
239
675
914
-
712
712

15

The Television Workshop Limited

Notes to the financial statements for the year ended 31 December 2022

13.
Debtors
Trade debtors
Other debtors
14.
Creditors - due within one year
Trade creditors
Accruals and deferred income		 2022
2021
£
£
8,801
18,546
2,688
2,131
11,489
20,677
2022
2021
£
£
9,526
10,065
3,146
3,168
12,672
13,233

15. Fund reconciliation

Unrestricted funds:

Unrestricted Balance at
Incoming
Outgoing
Transfers
Balance at
01.01.22
resources
resources
31.12.22
£
£
£
£
£
104,468
466,436
(456,331)
-
114,573

There were no restricted project funds in 2022.

16. Analysis of net assets between funds

Fund balances at 31 December 2022 as
represented by :
Tangible fixed assets
Current assets
Current liabilities		 Unrestricted Restricted
Total
funds
funds
£
£
£
914
-
914
126,331
-
126,331
(12,672)
-
(12,672)
114,573
-
114,573

17. Company limited by guarantee

The Television Workshop Limited is a company registered in England and Wales limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year if he or she ceases to be a member.

16

The Television Workshop Limited

The following pages do not form part of the statutory accounts.

17

The Television Workshop Limited

Detailed statement of financial activities for the year ended 31 December 2022

Incoming resources
Incoming resources from generating funds
Donations
Donations
Bursaries
BBC Public Service
ITV
Big Lottery Fund
All3Media
Other trading activities
Ticket sales
Merchandise sales
Room hire
Student administration fees - commission
Casting fees received on behalf of students
Investments
Bank interest receivable
Total incoming resources from generating funds
Charitable activities
Term fees
Other miscellaneous drama tuition
Other income
Local Authority Coronavirus Grant
Total incoming resources		 2022
£
3,856
11,405
3,500
4,000
-
7,500
30,261
3,581
5,938
1,031
36,510
266,980
314,040
35
344,336
117,955
4,145
122,100
-
-
466,436		 2021
£
11,951
1,200
-
-
4,500
-
17,651
6,926
6,188
413
45,501
331,301
390,329
9
407,989
95,041
5,608
100,649
35,565
35,565
544,203

18

The Television Workshop Limited

Detailed statement of financial activities for the year ended 31 December 2022 (cont.)

£
Resources expended
Costs of generating funds:
Fees paid to students for castings
267,886
Total cost of generating voluntary income
267,886
Fundraising trading:
cost of goods sold and other costs
Show and film expenses
4,768
Theatre and cinema hire
2,744
7,512
T-shirt expenses
2,814
Total fundraising trading:
cost of goods sold and other costs
10,326
Total cost of generating funds
278,212
Charitable activities
General funds
Activities undertaken directly
Salaries
89,385
Employers' NIC
4,286
Staff pension costs
2,151
Rent
19,450
Travel expenses
4,216
Show and drama tutors' fees
23,075
142,562
Support costs
Insurance
1,347
Administration costs
17,149
Office costs
10,534
Depreciation
367
29,397
General funds total expenditure
171,959
Total charitable activity expenditure
171,959
Governance costs
Activities undertaken directly
Accountancy fees
3,241
Legal fees
1,147
Other office costs
4,135
Total governance costs
8,523
Current tax charge
(2,364)
Net incoming resources for the year
10,105
2022		 £
330,672
330,672
11,158
3,010
14,168
3,338
17,506
348,178
54,201
1,098
1,256
16,754
2,987
52,575
128,871
977
16,636
8,269
218
26,100
154,971
154,971
3,613
1,029
1,669
6,311
(6,422)
41,165
2021		 £
330,672
330,672
11,158
3,010
14,168
3,338
17,506
348,178
54,201
1,098
1,256
16,754
2,987
52,575
128,871
977
16,636
8,269
218
26,100
154,971
154,971
3,613
1,029
1,669
6,311
(6,422)
41,165
2021
330,672
14,168
3,338
54,201
1,098
1,256
16,754
2,987
52,575
17,506
348,178
128,871
26,100
977
16,636
8,269
218
3,613
1,029
1,669
154,971
154,971
6,311
(6,422)
41,165

19