COMPANY REGISTRATION NUMBER: 07099666 CHARITY REGISTRATION NUMBER: 1138473
Workington Playgoers Club Company Limited by Guarantee Unaudited Financial Statements
31 May 2022
SAINT & CO
Chartered accountants Unit 7B Lakeland Business Park Cockermouth Cumbria CA13 0QT
Workington Playgoers Club
Company Limited by Guarantee
Financial Statements
Year ended 31 May 2022
| PAGE | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities (including income and expenditure | |
| account) | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 10 |
Workington Playgoers Club
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 May 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2022.
CHAIR'S REPORT
This year we have been trying to bring back our audiences post the pandemic lockdowns
We have managed to put on c. 15 events including hires. The shows have suffered from low audience attendance, with just two of our shows passing the 30% capacity mark. Two of our hires exceeded 50% capacity with one show over 80% capacity. We have cancelled or rescheduled several shows due to lack of ticket sales and in one instance lack of member availability.
TRY, our youth group was suspended in April this year. Georgia Douglas-Brown ran this group for several years and has performed many successful plays. Georgia has been committed to this group flexing work and social activities to provide a safe, and pleasant experience for many young adults. Changes to other commitments has meant Georgia was unable to continue running this group. I would like to thank Georgia for her contribution and valued input into TRY. We aim to re-start this group later in the year pending membership contribution. When working with a youth group you have to ensure all the safeguarding measures are in place. Our members have formed a safeguarding team that is second to none and has been singled out as an exemplar to others. I would like to thank our Safeguarding Officer and team for providing a safe environment for young people in our theatre.
Our members, have once again kept the theatre in good working order. We have installed some new tills with card payment facilities, box office booking capability and stock control. Our maintenance members work tirelessly to ensure we keep up to date with the expectations of current regulations. Productions and stage management plan set building and offer technical services to our hires, giving up their time to ensure the theatre can continue to provide a home for the Workington Playgoers. The front of house crew supports all the shows and events that come our way, working shifts around their day jobs or other commitments. Publicity is always on the pulse thinking of new ways to advertise or generate some interest in what we have to offer. We often make costumes to keep the cost down and are lucky to have skilled members who can fulfil these essential roles. Just like any other business we rely on our Finance Director and Secretariat role to keep us on track. We set up our own booking office and web pages to ensure ticket booking is available on the internet. Of course, we need actors who are willing to give up their time and put on a production so we can continue in our mission to provide a great show. As Chair I am proud to represent the theatre and am thankful for all the good people who give up their time to make this set up work.
My manifesto, as chair this year aimed to bring the members together. We started by re-introducing the coffee mornings. These were weekly up until the pandemic and took a lot of organising so thankyou to Joy Bowmer for that. We have introduced a monthly coffee morning that is yet again supported by our members who provide home baked cakes and scones to sell. The Prompter started again in September and contained up and coming events and readings as well as articles about our current plays.
- 1 -
Workington Playgoers Club
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 May 2022
We continued by introducing a member’s night. This is more of a social event with some play reading and discussions about plays we would like to see performed. The uptake has been slow but we hope to continue and encourage more members to come along. Our Production Director has been encouraging our members to read and review plays that we may want to put on in the future.
This year we are holding our AGM on the 6[th] September, in the auditorium, and we are seeking nominations for the various offices from now until August 16[th] . That’s three weeks prior to the AGM. There will be the usual list in the foyer for you to sign up, to propose and second.
I would like to take this opportunity to thank our president and all the members on council for their valued input.
Anne Bowmer Chairperson
- 2 -
Workington Playgoers Club
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2022
| REFERENCE AND ADMINISTRATIVE | DETAILS | |
|---|---|---|
| Registered charity name | Workington Playgoers Club | |
| Charity registration number | 1138473 | |
| Company registration number | 07099666 | |
| Principal office | Theatre Royal | |
| Washington Street | ||
| Workington | ||
| Cumbria | ||
| CA14 3AW | ||
| Registered office | 68 Curzon Street | |
| Maryport | ||
| Cumbria | ||
| CA15 6DA | ||
| THE TRUSTEES | Mr C G Hall | |
| Mr M C Sweeney | (Resigned 18 January 2022) | |
| Mrs A G Wells | ||
| Mr A J Parker | ||
| Mrs G E Walker | ||
| Mr S P Ashton | ||
| Mr J L H Last | ||
| Ms G R Douglas-Brown | (Resigned 7 May 2022) | |
| Ms E A Bowmer | (Appointed 9 November 2021) | |
| Ms J Rushton | (Appointed 9 November 2021) | |
| COMPANY SECRETARY | Mr Charles Geoffrey Hall | |
| INDEPENDENT EXAMINER | Mr William Moore BA, FCA Saint & Co Chartered Accountants | |
| Unit 7B Lakeland Business Park | ||
| Cockermouth | ||
| Cumbria | ||
| CA13 0QT |
- 3 -
Workington Playgoers Club
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Workington Playgoers Club is a company limited by guarantee and is regulated by the Memorandum and Articles of Association dated 9 October 2009 as amended by a Special Resolution dated 14 September 2010.
Recruitment and appointment of directors
The Directors, who are also referred to as the Council members, are elected by the membership at the Annual General Meeting for the following year. There is a Theatre Management Group which looks after the theatre day to day running, and a Playgoers Production Committee to exclusively look after all of the activities of Workington Playgoers. These are both chaired by members of the Council and are made up from Council members and other members who are co-opted as required for specific tasks. All major policy items are referred back to Council. Council meets quarterly to concentrate on overall strategy and forward planning. The Theatre Management Group, Production Team and Publicity and Marketing Team meet monthly.
OBJECTIVES AND ACTIVITIES
The Charity's objects are to promote, maintain, improve and advance education, particularly through the production of plays and the encouragement of the arts including the arts of drama, mime, dance, singing and music.
The Directors have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
The organisation is an educational arts charity delivering benefits through theatre productions. Membership is open to all members of the general public and involves people from the community who offer their skills. These skills include the production and maintenance of the costumes, the construction of the sets, performing on stage and assisting with the operation of the bar and coffee bar. The coffee bar is open to the general public on Saturday mornings and the premises and costumes are available for hire to other organisations. There are concessionary fees available for young people and those aged over 60 for both theatre performances and membership subscriptions. Membership subscriptions for young people also include free admission to performances.
ACHIEVEMENTS AND PERFORMANCE
The main achievements and activities of the Charity through the year are given in full detail in the Chair's report.
FINANCIAL REVIEW
During the year the Charity received total income of £29,458, all of which was unrestricted income. This is a decrease of £5,879 from last year when £22,637 grant funding was received, mainly for Covid-19 support. Income this year came from subscriptions, performances, coffee/bar sales and room hires. This was all significantly increased from last year when the theatre was closed for most of the year due to the pandemic, though has not yet returned to pre-Covid levels of income. Expenditure has also increased due to the re-opening of the theatre leading to a loss of £31,112, which includes £19,296 for annual depreciation of fixed assets.
- 4 -
Workington Playgoers Club
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2022
Cash reserves are held in low risk bank accounts. The Directors aim to generate a surplus each year that can be used to further develop the organisation.
The Directors have a reserves policy to maintain 12 months' general day-to-day running and maintenance costs which in a normal year is estimated to be around £30,000. This was met at the year end.
TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' 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 charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. Under company law the directors 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 group and the company and the surplus or deficit of the group for that period.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity 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 provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 22 July 2022 and signed on behalf of the board of trustees by:
Anne Bowmer Chair
- 5 -
Workington Playgoers Club
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Workington Playgoers Club
Year ended 31 May 2022
I report to the trustees on my examination of the financial statements of Workington Playgoers Club ('the charity') for the year ended 31 May 2022.
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 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 charity’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
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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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
-
the financial statements 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 (FRS 102).
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.
Mr William Moore BA, FCA Saint & Co Chartered Accountants Independent Examiner
Unit 7B Lakeland Business Park Cockermouth Cumbria CA13 0QT
- 6 -
Workington Playgoers Club
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 May 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 2,290 | – | 2,290 | 24,204 |
| Charitable activities | 6 | 23,283 | – | 23,283 | 6,101 |
| Other trading activities | 7 | 3,876 | – | 3,876 | 5,023 |
| Investment income | 8 | 9 | – | 9 | 9 |
──────── |
──── |
──────── |
──────── |
||
| Total income | 29,458 | – | 29,458 | 35,337 | |
════════ |
════ |
════════ |
════════ |
||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 9 | (2,230) | – | (2,230) | (2,230) |
| Expenditure on charitable activities | 10,11 | (43,734) | (14,606) | (58,340) | (43,048) |
──────── |
──────── |
──────── |
──────── |
||
| Total expenditure | (45,964) | (14,606) | (60,570) | (45,278) | |
════════ |
════════ |
════════ |
════════ |
||
──────── |
──────── |
──────── |
──────── |
||
| Net expenditure and net movement in funds | (16,506) | (14,606) | (31,112) | (9,941) | |
════════ |
════════ |
════════ |
════════ |
||
| Reconciliation of funds | |||||
| Total funds brought forward | 185,346 | 485,057 | 670,403 | 680,344 | |
────────── |
────────── |
────────── |
────────── |
||
| Total funds carried forward | 168,840 | 470,451 | 639,291 | 670,403 | |
══════════ |
══════════ |
══════════ |
══════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 19 form part of these financial statements.
- 7 -
Workington Playgoers Club
Company Limited by Guarantee
Statement of Financial Position
31 May 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible fixed assets | 15 | 588,514 | 605,664 | ||
| CURRENT ASSETS | |||||
| Stocks | 16 | 631 | 497 | ||
| Debtors | 17 | 696 | 1,440 | ||
| Cash at bank and in hand | 54,756 | 67,855 | |||
──────── |
──────── |
||||
| 56,083 | 69,792 | ||||
| CREDITORS: amounts falling due within | |||||
| one year | 18 | 5,306 | 5,053 | ||
──────── |
──────── |
||||
| NET CURRENT ASSETS | 50,777 | 64,739 | |||
────────── |
────────── |
||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 639,291 | 670,403 | |||
────────── |
────────── |
||||
| NET ASSETS | 639,291 | 670,403 | |||
══════════ |
══════════ |
||||
| FUNDS OF THE CHARITY | |||||
| Restricted funds | 470,451 | 485,057 | |||
| Unrestricted funds | 168,840 | 185,346 | |||
────────── |
────────── |
||||
| Total charity funds | 20 | 639,291 | 670,403 | ||
══════════ |
══════════ |
For the year ending 31 May 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page.
The notes on pages 10 to 19 form part of these financial statements.
- 8 -
Workington Playgoers Club
Company Limited by Guarantee
Statement of Financial Position (continued)
31 May 2022
These financial statements were approved by the board of trustees and authorised for issue on 22 July 2022, and are signed on behalf of the board by:
Mrs A G Wells Trustee
Company Registration Number: 07099666 Charity Registration Number: 1138473
The notes on pages 10 to 19 form part of these financial statements.
- 9 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 May 2022
1. GENERAL INFORMATION
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 68 Curzon Street, Maryport, Cumbria, CA15 6DA.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The charity has taken advantage of the disclosure exemptions permitted by the Charities SORP 2015 (FRS102) regarding inclusion of a Statement of Cash Flows as the Charity is a small charity as defined in Update Bulletin 1 of the Charities SORP (FRS102).
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
- 10 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
3. ACCOUNTING POLICIES (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. All are net of VAT where applicable. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
- 11 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
3. ACCOUNTING POLICIES (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2% straight line Fixtures and fittings - 4-33% Straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
- 12 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
3. ACCOUNTING POLICIES (continued)
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
4. LIMITED BY GUARANTEE
The Company is limited by guarantee and does not have a share capital.
5. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| DONATIONS | |||
| Donations | 25 | – | 25 |
| GRANTS | |||
| Grants receivable | – | – | – |
| Government grant income | – | – | – |
| SUBSCRIPTIONS | |||
| Subscriptions | 2,265 | – | 2,265 |
─────── |
──── |
─────── |
|
| 2,290 | – | 2,290 | |
═══════ |
════ |
═══════ |
- 13 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
5. DONATIONS AND LEGACIES (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| DONATIONS | |||||
| Donations | – | – | – | ||
| GRANTS | |||||
| Grants receivable | 1,500 | 2,500 | 4,000 | ||
| Government grant income | 18,637 | – | 18,637 | ||
| SUBSCRIPTIONS | |||||
| Subscriptions | 1,567 | – | 1,567 | ||
──────── |
─────── |
──────── |
|||
| 21,704 | 2,500 | 24,204 | |||
════════ |
═══════ |
════════ |
|||
| 6. | CHARITABLE ACTIVITIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Performance - sale of tickets and | |||||
| programmes | 13,113 | 13,113 | 3,342 | 3,342 | |
| Theatre Royal Youth | 1,920 | 1,920 | – | – | |
| Coffee bar and bar sales | 2,981 | 2,981 | – | – | |
| Room hire | 5,269 | 5,269 | 2,759 | 2,759 | |
──────── |
──────── |
─────── |
─────── |
||
| 23,283 | 23,283 | 6,101 | 6,101 | ||
════════ |
════════ |
═══════ |
═══════ |
||
| 7. | OTHER TRADING ACTIVITIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Golden Jubilee Club | 3,876 | 3,876 | 3,936 | 3,936 | |
| Feed in tariff | – | – | 1,087 | 1,087 | |
─────── |
─────── |
─────── |
─────── |
||
| 3,876 | 3,876 | 5,023 | 5,023 | ||
═══════ |
═══════ |
═══════ |
═══════ |
||
| 8. | INVESTMENT INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 9 | 9 | 9 | 9 | |
════ |
════ |
════ |
════ |
- 14 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
9. COSTS OF OTHER TRADING ACTIVITIES
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Golden Jubilee Club | 2,230 | 2,230 | 2,230 | 2,230 |
═══════ |
═══════ |
═══════ |
═══════ |
10. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Performance | 15,552 | – | 15,552 |
| Theatre Royal Youth | 2,139 | 855 | 2,994 |
| Coffee Bar and Bar | 1,061 | – | 1,061 |
| Room Hire | 3,283 | – | 3,283 |
| Support costs | 21,699 | 13,751 | 35,450 |
──────── |
──────── |
──────── |
|
| 43,734 | 14,606 | 58,340 | |
════════ |
════════ |
════════ |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Performance | 1,738 | – | 1,738 |
| Theatre Royal Youth | – | 10 | 10 |
| Coffee Bar and Bar | 615 | – | 615 |
| Room Hire | 1,844 | – | 1,844 |
| Support costs | 22,014 | 16,827 | 38,841 |
──────── |
──────── |
──────── |
|
| 26,211 | 16,837 | 43,048 | |
════════ |
════════ |
════════ |
11. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Performance | 15,552 | – | 15,552 | 1,738 |
| Theatre Royal Youth | 2,994 | – | 2,994 | 10 |
| Coffee Bar and Bar | 1,061 | – | 1,061 | 615 |
| Room Hire | 3,283 | – | 3,283 | 1,844 |
| Property Costs | – | 31,472 | 31,472 | 35,492 |
| Administration | – | 1,893 | 1,893 | 1,892 |
| Other Expenses | – | 817 | 817 | 275 |
| Governance costs | – | 1,268 | 1,268 | 1,182 |
──────── |
──────── |
──────── |
──────── |
|
| 22,890 | 35,450 | 58,340 | 43,048 | |
════════ |
════════ |
════════ |
════════ |
- 15 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
12. NET EXPENDITURE
Net expenditure is stated after charging/(crediting):
| Net expenditure is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Depreciation of tangible fixed assets | 19,296 | 21,481 |
| Loss on disposal of tangible fixed assets | – | 622 |
════════ |
════════ |
|
| INDEPENDENT EXAMINATION FEES | ||
| 2022 | 2021 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 500 | 500 |
| Other financial services | 768 | 682 |
─────── |
─────── |
|
| 1,268 | 1,182 | |
═══════ |
═══════ |
13. INDEPENDENT EXAMINATION FEES
14. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees (2021: Nil).
During the year 8 trustees (2021: 3) were reimbursed expenses totalling £5,773 (2021: £288) in respect of stationery, materials for performances, admin, utilities and maintenance costs. No trustee received any payment for professional or other services supplied to the charity (2021: Nil).
- 16 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
15. TANGIBLE FIXED ASSETS
| Freehold | Fixtures and | |||
|---|---|---|---|---|
| property | fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 June 2021 | 609,684 | 139,286 | 748,970 | |
| Additions | – | 2,146 | 2,146 | |
────────── |
────────── |
────────── |
||
| At 31 May 2022 | 609,684 | 141,432 | 751,116 | |
══════════ |
══════════ |
══════════ |
||
| Depreciation | ||||
| At 1 June 2021 | 72,997 | 70,309 | 143,306 | |
| Charge for the year | 12,190 | 7,106 | 19,296 | |
────────── |
────────── |
────────── |
||
| At 31 May 2022 | 85,187 | 77,415 | 162,602 | |
══════════ |
══════════ |
══════════ |
||
| Carrying amount | ||||
| At 31 May 2022 | 524,497 | 64,017 | 588,514 | |
══════════ |
══════════ |
══════════ |
||
| At 31 May 2021 | 536,687 | 68,977 | 605,664 | |
══════════ |
══════════ |
══════════ |
||
| 16. | STOCKS | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Raw materials and consumables | 631 | 497 | ||
════ |
════ |
|||
| 17. | DEBTORS | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Trade debtors | 604 | – | ||
| Prepayments and accrued income | 92 | 1,440 | ||
──── |
─────── |
|||
| 696 | 1,440 | |||
════ |
═══════ |
|||
| 18. | CREDITORS: amounts falling due within one year | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Accruals and deferred income | 4,934 | 4,820 | ||
| Social security and other taxes | 372 | 233 | ||
─────── |
─────── |
|||
| 5,306 | 5,053 | |||
═══════ |
═══════ |
- 17 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
19. GOVERNMENT GRANTS
The amounts recognised in the financial statements for government grants are as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Local authority coronavirus grants | – | 18,637 |
════ |
════════ |
20. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At 1 June 2021 | Income | Expenditure | 31 May 2022 | |
| £ | £ | £ | £ | |
| General funds | 162,993 | 29,458 | (43,864) | 148,587 |
| Heating system/photovoltaic cells | 22,353 | – | (2,100) | 20,253 |
────────── |
──────── |
──────── |
────────── |
|
| 185,346 | 29,458 | (45,964) | 168,840 | |
══════════ |
════════ |
════════ |
══════════ |
|
| At | ||||
| At 1 June 2020 | Income | Expenditure | 31 May 2021 | |
| £ | £ | £ | £ | |
| General funds | 156,499 | 32,837 | (26,343) | 162,993 |
| Heating system/photovoltaic cells | 24,451 | – | (2,098) | 22,353 |
────────── |
──────── |
──────── |
────────── |
|
| 180,950 | 32,837 | (28,441) | 185,346 | |
══════════ |
════════ |
════════ |
══════════ |
|
| Restricted funds | ||||
| At | ||||
| At 1 June 2021 | Income | Expenditure | 31 May 2022 | |
| £ | £ | £ | £ | |
| Property redevelopment | 482,045 | – | (13,751) | 468,294 |
| Theatre Royal Youth | 3,012 | – | (855) | 2,157 |
────────── |
──── |
──────── |
────────── |
|
| 485,057 | – | (14,606) | 470,451 | |
══════════ |
════ |
════════ |
══════════ |
|
| At | ||||
| At 1 June 2020 | Income | Expenditure | 31 May 2021 | |
| £ | £ | £ | £ | |
| Property redevelopment | 498,871 | – | (16,826) | 482,045 |
| Theatre Royal Youth | 522 | 2,500 | (10) | 3,012 |
────────── |
─────── |
──────── |
────────── |
|
| 499,393 | 2,500 | (16,836) | 485,057 | |
══════════ |
═══════ |
════════ |
══════════ |
- 18 -
Workington Playgoers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2022
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 120,220 | 468,294 | 588,514 |
| Current assets | 53,926 | 2,157 | 56,083 |
| Creditors less than 1 year | (5,306) | – | (5,306) |
────────── |
────────── |
────────── |
|
| Net assets | 168,840 | 470,451 | 639,291 |
══════════ |
══════════ |
══════════ |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 123,619 | 482,045 | 605,664 |
| Current assets | 66,780 | 3,012 | 69,792 |
| Creditors less than 1 year | (5,053) | – | (5,053) |
────────── |
────────── |
────────── |
|
| Net assets | 185,346 | 485,057 | 670,403 |
══════════ |
══════════ |
══════════ |
General funds, including the Golden Jubilee accounts after allowing for all prizes due to be paid for the year, are held to cover day to day running and ongoing maintenance costs for a minimum of six months.
The heating system/photovoltaic cells fund relates to the replacement of the heating system and installation of photovoltaic cells on the roof. As the grant conditions have been met, the balance has been transferred to a designated fund.
Restricted funds comprise of the property redevelopment fund, which is held for the refurbishment and redevelopment of the Wilson Street and Washington Street properties, and the Theatre Royal Youth fund.
22. RELATED PARTIES
There were no related party transactions that require reporting during the period, other than expenses reimbursed to trustees as detailed in note 15.
- 19 -