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← Marlborough Theatre Productions Ltd

2024-03-31-accounts

Charity number: 1145506

Company number: 05202714

(England and Wales)

Marlborough Theatre Productions Ltd

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2024

Marlborough Theatre Productions Ltd Contents Page For the year ended 31 March 2024

Report of the Trustees 1 to 10
Independent Examiner's Report to the Trustees 11
Statement of Financial Activities 12
Statement of Financial Position 13
Statement of Cashflows 14
Notes to the Financial Statements 15 to 25

Marlborough Theatre Productions Ltd Report of the Trustees For the year ended 31 March 2024

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2024. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objectives are to advance education for the public benefit by the promotion of the arts, but not exclusively the art of drama.

Marlborough Theatre Productions Ltd:

Marlborough Theatre Productions Ltd Programme comprises interlinked strands of activity. These are:

In summary, Marlborough Theatre Productions Ltd is working to:

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

Statement on public benefit

In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in section 17 (5) of the Charities Act 2011 to have due regard to public benefit. The Trustees have considered how the planned activities will contribute to the overall aims and objectives that they have set.

The following paragraphs, 'Objectives and Activities' and 'Achievements and Performance', detail the benefits that Marlborough Theatre Productions Ltd provides to the public.

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

ACHIEVEMENTS AND PERFORMANCE

Significant activities

In 2023/2024 Marlborough Productions achieved:

New Queers on the Block / Blackpool

New Queers on the Block / Bradford

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

first presented at Right Queer Right Now. We are discussing further commissioning opportunities with Theatre in the Mill.

New Queers on the Block / Crawley

New Queers on the Block / Folkestone

New Queers on the Block / Hastings

New Queers on the Block have been in Hastings since 2018 with partner Home Live Art. This year, we commissioned Local Associate Producer Hannah Fox to create and present a new LGBTQ+ arts festival - Giddy Up! This will see LGBTQ+

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

performance artists develop and present work at volunteer-led venue The Stables in Hastings.

Other Programme Highlights

Impact statement

We measure the impact of our work through a comprehensive evaluation framework that includes both internal assessments and collaboration with external evaluators. This approach helps ensure that we accurately capture the effectiveness of our programme and the contributions to the communities we serve.

We recently received the following feedback from two participants who took part in the DSPRNBW network. They said:

"Before attending the DSPRNBW Network weekend, I was thinking about leaving the sector. Having joined this network weekend, I feel galvanized to keep working in the sector. I feel less worried now that I have this space and community support"

By gathering data we continually review our progress, using audience, participant and partner feedback, audience engagement metrics and third party evaluations to help us to refine our approach and measure our impact. This supports us to see tangible differences and opportunities for us to better inform our programming decisions, community participation and overall greater cultural impact.

In 2023/2024 we have reached 3,424 audiences and engage with 539 participants across our programme of work.

Online Visitors and Social Media

2021 - 2022 2022 - 2023 2023-2024 Website Visitors 11,152 13,557 9,113 Web Page Views 25,846 26,557 19,145

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

Marlborough Theatre Productions Ltd added social media followers across platform, with current figures standing at:

Social Media Channel 2021 - 2022 2022 - 2023 Social Media Channel 2021 - 2022 2022 - 2023 2023-2024
Facebook
6,490		 6.635 6,559
Twitter
4,854		 4,911 N/A
Instagram
3,977		 4,321 4,634
Mailchimp Mailing List 2,034 2,200 2,714

Investing in Local Artists and Creative Development

In 2023-24 Marlborough Theatre Productions Ltd worked with 30+ artists and companies, supporting the development of new work.

Marlborough Theatre Productions Ltd continued to champion the value of culture in Brighton & Hove. The organisation regularly contributes to local and national strategy, policy and provision of services through involvement with What Next?, Sussex Fundraisers, Brighton Venues Access Forum and Brighton Fringe.

Income Generation

Marlborough Theatre Productions Ltd received grant funding from Arts Council England as part of their National Portfolio Organisation, Baring Foundation, Brighton LGBTQ+ Switchboard - Community Health Inequalities Programme, British Council, Chalk Cliff Trust, Clore Leadership, Creative Folkestone, Esmée Fairbairn Foundation, Garfield Weston Foundation, Heritage England, National Trust, Paul Hamlyn Foundation, Postcode Lottery, Rainbow Fund, Sussex Community Foundation and TNL Communities Fund. We have confirmed funding from the National Lottery Heritage fund for a four-year large-scale project. Our total fundraised income in 2023/24 was £866,777

Priorities and Policies

We have begun work to diversify our income streams. Our income is predominantly from Trust and Foundations and major grant givers, but we have invested in fundraising support to develop our Individual Giving campaign and Consultancy offer to diversify our income streams and make us more resilient.

We will adopt a new business plan from March 2025. Within this we will revise our fundraising strategy and will be operating in line with the contained in the plan, which is reviewed annually.

FINANCIAL REVIEW

Significant events

Our current free reserves position is £23,030 of unrestricted reserves. The level of reserves is monitored by the Trustees at its quarterly meetings and is roughly three months of running costs. We aim to increase this to four months running.

The charity uses Metro Bank, Cooperative Bank, Paypal and Pleo Pocket, for its banking purposes. The charity no longer banks with Santander.

The accounting year is 31st March.

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

Reserves

Plans for future periods

In 2024/25 Marlborough Theatre Productions Ltd will adopt a new business plan which will be in place for March 2025. This plan will articulate fundraising strategy, programming plans and the principles behind our approach to audience development. The plan will reflect our continued ambition to increase access to, and understanding and enjoyment of culture. Designed to increase the quality of experience at Marlborough Theatre Productions Ltd for artists, audiences, participants, partners and staff it outlines the strategic partnerships and fundraising strategy required to deliver on the plan. We can confidently plan our ambitious programme of activity for the five years due to achieving NPO status.

Major confirmed projects for 24/25 include:

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

A Board of Trustees governs Marlborough Theatre Productions Ltd. These volunteers are charity trustees and company members. The minimum number of trustees is three and unless otherwise determined by a General Meeting no more than fifteen. Twelve trustees served in 2023/24.

The Board meets at least four times a year, at quarterly intervals. The Annual General Meeting precedes the final board meeting.

There is a Board finance sub-committee which meets two weeks before the board meeting each quarter. Working groups of trustees and staff (and third parties where helpful) are convened to support specific projects, which are in line with Arts Council NPO invest principles. These are: Ambition & Quality, Dynamism, Environmental Responsibility and Inclusivity & Relevance. Individual trustees undertake tasks in support of the staff team when required, notably recruitment, meetings with partners and funders and advising on matters that fall within their area of expertise, (e.g. finance, fundraising and community development).

In 2023/24 the Trustees were:

Daniel Kok (Co-Chair) Tom Emery N Alex Roxon (Joined February 2024) Beth O'Leary Heather Getty Prof. Kate O'Riordan Kaya Stanley Money Mathilda Gregory (resigned January 2024) Dr Topher Campbell Tom Emery Ray Young Richard Daniel Hewitt Yassine Senghor Richard Barnes

The composition, development and capacity of the Board are regularly reviewed. Potential trustees are recruited either by advertisement or word of mouth and are selected based on their experience of life (personal and professional), skill and capacity. At least one trustee and one of the Executive team interviews candidates before attending a Board meeting as an observer. If both parties agree to proceed, the trustee is elected at the next Board meeting they can attend. New trustees can be elected at any point in the year and are confirmed in office at the Annual General Meeting (AGM). New trustees receive an induction pack, which provides a comprehensive introduction to the organisation and sets out their responsibilities.

Risk Management and safeguarding

Marlborough Theatre Productions Ltd has a risk management policy and practice which helps us to anticipate risks to the organisation, assess their likely impact and plan how to reduce them and manage them. The Executive Team reviews the risk register monthly and by the Trustees in the Quarterly board meetings.

Marlborough Theatre Productions Ltd has a Safeguarding Policy which is reviewed on a yearly basis (last reviewed July 2024).

Staffing

We have expanded our core team by recruiting an Executive Director (Sofia Stephanou), General Manager (Christopher Roskelly), and Heritage Programme Manager (Roni Guetta). We are delighted with how our new team is helping to achieve our mission in a way that feels more sustainable and resilient.

Creative Directors Tarik Elmoutawakil and David Sheppeard, and Executive Director, Sofia Stephanou leads Marlborough Theatre Productions Ltd. All are full time salaried staff members. Tarik and David are jointly responsible for artistic programme, project development, participation and audience development. Sofia takes a lead on operations and HR. Collectively are responsible for finance and fundraising.

In addition to the Executive Team, the staff team is made up of:

General Manager (full time and in place from January 2024)

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Marlborough Theatre Productions Ltd Report of the Trustees Continued

For the year ended 31 March 2024

Programme Producer (part time) Programme Producer (part time in place from May 2024) Heritage Programme Manager (full time) Marketing and Audience Development Manager (part time)

The team expands with freelance subcontractors covering producing, fundraising, admin support, technical support, Front of House duties and repairs and maintenance tasks when required.

Our regular freelancers for 23-24 are as follows:

Programme Producer (part time until May 2024) Producer Gathering Producer (part time - until April 2025) Radical Rhizomes Programme Manager (part-time, ongoing funding dependent) Fundraiser (part time until December 2024)

Volunteers

Beyond the trustees Marlborough Theatre Productions Ltd work with volunteers was limited in 23-24. We intend to investigate more fully the role of volunteers in our events in the future and have developed a robust volunteer policy with our board of trustees to support this.

Partnership

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Marlborough Theatre Productions Ltd Charity registration number 1145506 Company registration number 05202714 Principal address The Spire St Marks Chapel Church Place Brighton BN2 5JN

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Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Prof Kathleen O'Riordan Yassine Senghor Ms Kaya Stanley-Money Beth O'Leary Mathilda Gregory (Resigned: 31 January 2024) Topher Campbell Tom Emery Ray Young Heather Getty Daniel Joseph Kok N Alex Roxon (Appointed: 01 February 2024) Richard Daniel Hewitt Richard Barnes

Secretary

Independent examiner

David Sheppeard Caroline Clarke ACA 66 High Street Lewes East Sussex BN7 1XG

Approved by the Board of Trustees and signed on its behalf by

.............................................................................

9/1/2025

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Marlborough Theatre Productions Ltd Independent Examiners Report to the Trustees For the year ended 31 March 2024

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, 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 your charity's accounts 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 examiners statement

Since the Charitable 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 by virtue of my membership of 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

  2. the accounts do not comply with the 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 (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.

Caroline Clarke ACA 66 High Street Lewes East Sussex 16/1/2025 BN7 1XG

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Marlborough Theatre Productions Ltd

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2024

Notes Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 718,359 74,494 792,853 333,911
Charitable activities 3 156,509 - 156,509 97,473
Investments 4 355 - 355 11
Total 875,223 74,494 949,717 431,395
Expenditure on:
Charitable activities 5/6 (772,092) (162,308) (934,400) (602,366)
Total (772,092) (162,308) (934,400) (602,366)
Transfers between funds (1,000) 1,000 - -
Net movement in funds 102,131 (86,814) 15,317 (170,971)
Reconciliation of funds
Total funds brought forward 45,385 198,149 243,534 414,505
Total funds carried forward 147,516 111,335 258,851 243,534

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05202714

Registered Number :

Marlborough Theatre Productions Ltd Statement of Financial Position As at 31 March 2024

Notes 2024 2023
£ £
Fixed assets
Tangible assets 12 4,877 1,111
4,877 1,111
Current assets
Debtors 13 22,822 6,764
Cash at bank and in hand 339,666 446,585
362,488 453,349
Creditors: amounts falling due within one year 14 (108,514) (210,926)
Net current assets 253,974 242,423
Total assets less current liabilities 258,851 243,534
Net assets 258,851 243,534
The funds of the charity
Restricted income funds 15 111,335 198,149
Unrestricted income funds 15 147,516 45,385
Total funds 258,851 243,534

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

Trustee 9/1/25

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Marlborough Theatre Productions Ltd

Cashflow Statement For the period ended 31 March 2024

Cash flow from operating activities
Cash generated from operations
Dividends, interest and rent from investments
Purchase of tangible assets
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Cash generated from operations
Net movement in funds
Adjustments for:
Depreciation and amortisation of fixed assets
Dividends, interest and rent from investments
Movement in working capital
(Increase)/decrease in debtors
Increase/(Decrease) in creditors
Cash generated from operations		 (100,642)
-
(6,277)
(6,277)
(106,919)
446,585
339,666
15,317
2,511
-
(16,058)
(102,412)
(100,642)
2024		 31,146
-
-
-
-
31,146
415,439
446,585
(170,971)
556
-
1,229
200,332
31,146
2023

Page 15 of 26

Marlborough Theatre Productions Ltd Notes to the Financial Statements For the year ended 31 March 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Marlborough Theatre Productions Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

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

Funds

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. Grants are treated as deferred where they are given to specifically cover production costs arising in a future period.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer equipment

25% Straight line

Irrecoverable VAT

Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates.

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Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024

2. Income from donations and legacies

Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Donations received 443 - 443 9,822
Grants received 715,284 74,494 789,778 324,089
Sponsorships received 2,632 - 2,632 -
718,359 74,494 792,853 333,911

Analysis of grants received

Arts Council England
Baring Foundation
Brighton LGBTQ+ Switchboard - Community Health Inequalities Prog
British Council
Chalk Cliff Trust
Clore Leadership
Creative Folkestone
Esmée Fairbairn Foundation
Garfield Weston Foundation
Heritage England
National Trust
Other Grants
Paul Hamlyn Foundation
Postcode Lottery
Rainbow Fund
Sussex Community Foundation
TNL Community Fund
3. Income from charitable activities
Unrestricted funds
Theatrical productions
Income from charitable
activities		 2024
£
675,121
-
5,000
-
5,000
1,000
5,000
67,600
-
12,750
4,876
476
-
-
9,954
3,000
-
789,777
2024
£
156,509		 2023
£
77,325
1,600
-
11,000
-
9,000
-
72,000
15,000
-
-
18,679
88,000
21,945
-
-
9,540
324,089
2023
£
97,473

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Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024

4. Investment income

Unrestricted funds
Bank interest receivable		 2024
£
355
355		 2023
£
11
11

5. Costs of charitable activities by fund type

osts of charitable activities by fund type
Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Theatrical productions 666,977 162,308 829,285 506,489
Support costs 105,115 - 105,115 95,877
772,092 162,308 934,400 602,366
osts of charitable activities by activity type
Activities Support 2024 2023
undertaken costs
directly
£ £ £ £
Support costs
Theatrical productions 829,285 105,115 934,400 602,366
nalysis of support costs
2024 2023
£ £
Theatrical productions
Management 92,837 85,552
Finance 496 136
IT 7,571 3,720
Office costs 2,511 5,269
Governance costs 1,700 1,200
105,115 95,877

6. Costs of charitable activities by activity type

7. Analysis of support costs

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Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued

For the year ended 31 March 2024

8. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2024 2023
£ £
Depreciation of owned fixed assets 2,511 556
Accountancy fees 1,700 1,200
Staff pension contributions 3,941 3,233

9. Staff costs and emoluments

Total staff costs for the year ended 31 March 2024 were:

Salaries and wages
Social security costs
Pension costs
Management		 2024
£
125,120
7,239
3,941
136,300
2024
5
5		 2023
£
107,914
5,061
3,233
116,208
2023
4
4

The total employee benefits including pension contributions of the key management personnel were £67,673. No employees received remuneration in excess of £60,000 in the year (2023: £nil).

10. Trustee remuneration and related party transactions

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023:£nil).

No charity trustee received payment for professional or other services supplied to the charity (2023:£nil). The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2023:£nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2023:£nil). There are no related party transactions to disclose for 2024 (2023:none).

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Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024

11. Comparative for the Statement of Financial Activities

Unrestricted Restricted 2023
funds funds
£ £ £
Income and endowments from:
Donations and legacies 19,362 314,549 333,911
Charitable activities - 97,473 97,473
Investments - 11 11
Total 19,362 412,033 431,395
Expenditure on:
Charitable activities (1,756) (600,610) (602,366)
Total (1,756) (600,610) (602,366)
Transfers between funds (10,207) 10,207 -
Net movement in funds 7,399 (178,370) (170,971)
Reconciliation of funds
Total funds brought forward 37,986 376,519 414,505
Total funds carried forward 45,385 198,149 243,534

12. Tangible fixed assets

Plant and Computer
Cost or valuation machinery equipment Total
£ £ £
At 01 April 2023 2,223 - 2,223
Additions - 6,277 6,277
At 31 March 2024 2,223 6,277 8,500
Depreciation
At 01 April 2023 1,112 - 1,112
Charge for year 419 2,092 2,511
At 31 March 2024 1,531 2,092 3,623
Net book values
At 31 March 2024 692 4,185 4,877
At 31 March 2023 1,111 - 1,111

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Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024

13. Debtors

Debtors
2024 2023
£ £
Amounts due within one year:
Trade debtors 16,071 6,764
Prepayments and accrued income 3,748 -
Other debtors 3,003 -
22,822 6,764

14. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
26,421
2,313
79,780
108,514		 2023
£
79,791
55,055
76,080
210,926

15. Movement in funds

Unrestricted Funds

Unrestricted Funds
Balance at Incoming Outgoing Transfers Balance at
01/04/2023 resources resources 31/03/2024
£ £ £ £ £
Designated
Designated Project - - - 78,754 78,754
Spend
Designated Reserve 1,111 - - 96,889 98,000
Allocation
General
General 44,274 875,223 (772,092) (176,643) (29,238)
45,385 875,223 (772,092) (1,000) 147,516

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Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024

Unrestricted Funds - Previous year

Balance at Incoming Outgoing Transfers Balance at
01/04/2022 resources resources 31/03/2023
£ £ £ £ £
Designated
Designated Reserve 21,986 - (556) (20,319) 1,111
Allocation
General
General 16,000 19,362 (1,200) 10,112 44,274
37,986 19,362 (1,756) (10,207) 45,385

Purpose of unrestricted Funds

Designated Project Spend

Designated to creative projects as agreed with the trustees.

Designated Reserve Allocation

Designated to Reserves as agreed with the trustees

General

Maintained for the general running of the charity.

Restricted Funds

Balance at Incoming Outgoing Transfers Balance at
01/04/2023 resources resources 31/03/2024
£ £ £ £ £
ACE 79,018 33,437 (55,338) - 57,117
Baring Foundation 22,810 - (18,833) - 3,977
British Council - - - 6,000 6,000
Esmee Fairbairn 25,260 - (25,260) - -
Foundation
Heritage Fund - 12,750 (5,000) - 7,750
Paul Hamlyn 41,816 - (41,816) - -
Foundation
Postcode Lottery 19,245 - (16,061) - 3,184
Small Grants 10,000 25,307 - (5,000) 30,307
Sussex Community - 3,000 - - 3,000
Fund
198,149 74,494 (162,308) 1,000 111,335

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Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024

Restricted Funds - Previous year

ACE
Baring Foundation
Esmee Fairbairn
Foundation
Paul Hamlyn
Foundation
Postcode Lottery
Project fund
Small Grants		 Balance at
01/04/2022
£
5,214
40,000
-
84,090
-
247,215
-
376,519		 Incoming
resources
£
78,372
1,600
60,000
80,000
21,945
152,484
17,632
412,033		 Outgoing
resources
£
(4,568)
(18,790)
(34,740)
(122,274)
(2,700)
(409,906)
(7,632)
(600,610)		 Transfers
£
-
-
-
-
-
10,207
-
10,207		 Balance at
31/03/2023
£
79,018
22,810
25,260
41,816
19,245
-
10,000
198,149

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Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024

Purpose of restricted funds

Project fund

Holds funds given to support specific productions.

ACE

Funds for delivering creative programmes.

Paul Hamlyn Foundation

Funds for delivering creative programmes.

Baring Foundation

Funds for delivering creative programmes.

Esmee Fairbairn Foundation

Funds for core spend and touring projects.

Postcode Lottery

Funds for project working.

Small Grants

Funds for project working.

Heritage Fund

Funds for delivering creative programmes.

Sussex Community Fund

Funds for delivering creative programmes.

British Council

Funds for delivering creative programmes.

24 of 25

Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024

16. Analysis of net assets between funds

Unrestricted funds
General
General
Designated
Designated Project Spend
Designated Reserve
Allocation
Restricted funds
ACE
Baring Foundation
British Council
Heritage Fund
Postcode Lottery
Small Grants
Sussex Community Fund
Previous year
Unrestricted funds
General
General
Designated
Designated Reserve
Allocation
Restricted funds
ACE
Baring Foundation
Esmee Fairbairn
Foundation
Paul Hamlyn Foundation
Postcode Lottery
Small Grants		 Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
-
(29,238)
(29,238)
-
78,754
78,754
4,877
93,123
98,000
-
57,117
57,117
-
3,977
3,977
-
6,000
6,000
-
7,750
7,750
-
3,184
3,184
-
30,307
30,307
-
3,000
3,000
4,877
253,974
258,851
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
-
44,315
44,315
1,111
-
1,111
-
79,017
79,017
-
22,810
22,810
-
25,250
25,250
-
41,786
41,786
-
19,245
19,245
-
10,000
10,000
1,111
242,423
243,534

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