```
REGISTERED COMPANY NUMBER: 07450494 (England and Wales)
REGISTERED CHARITY NUMBER: 1146834
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
```
**==> picture [216 x 264] intentionally omitted <==**
**----- Start of picture text -----**
FOR
SHANKLIN THEATRE AND COMMUNITY TRUST
09/10/24 10:58
DRAFT
**----- End of picture text -----**
```
Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
```
**==> picture [366 x 316] intentionally omitted <==**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 18
Detailed Statement of Financial Activities 19
09/10/24 10:58
DRAFT
**----- End of picture text -----**
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
```
```
The trustees who are also directorsof the charityfor the purposes of the CompaniesAct 2006, present their report with
thefinancialstatementsof thecharityfor theyearended31 March2024.The trusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
ShanklinTheatreandCommunityTrust(theTrust)isaCompanyLimitedbyGuaranteeandaRegisteredCharity. The
Trust owns the freehold to Shanklin Theatre and Shanklin Performing Arts Centre, and is responsible for the preservation
ofShanklinTheatreandthedevelopmentofShanklinPerformingArtsCentre.TheTrusthasthreesubsidiary bodies,
ShanklinTheatreLimited(theTheatre),theFriendsofShanklinTheatre(FOST)andShanklinPerformingArts CIC.
ShanklinTheatre Limited operatesthe Theatre on a day-to-daybasis, and puts on a full programmeof both professional
shows and communityproductions;FOST facilitatesmembers of the communityengaging with the Theatre, and its team
ofvolunteersallowstheTheatretooperateasaviableentity.TheTrusthasoverallresponsibilityforthefabric of
ShanklinTheatre,althoughasubstantialamountofthemaintenanceandimprovementworkiscarriedout by
appropriately skilled FOST volunteers.
```
```
ShanklinTheatre Limited operatesthe Theatre on a day-to-daybasis, and puts on a full programmeof both professional
shows and communityproductions;FOST facilitatesmembers of the communityengaging with the Theatre, and its team
ofvolunteersallowstheTheatretooperateasaviableentity.TheTrusthasoverallresponsibilityforthefabric of
ShanklinTheatre,althoughasubstantialamountofthemaintenanceandimprovementworkiscarriedout by
appropriately skilled FOST volunteers.
Review of activities
InadditiontotheTheatre,theTrustalsoownstheformerShanklinLibrarybuilding,operatingitasaPerforming Arts
CentreoperatedthroughaCommunityInterestCompanyknownasShanklinPerformingArtsCentreCIC.The Trust
aspiresto developthe PerformingArts Centreto includea small 106 seat StudioTheatretogetherwith changing rooms
andafoyerbar.Thebuildingwouldalsoincludedancestudiosandrehearsalareas,andspacetohousea Shanklin
Museum.TheplanningpermissionhasbeengrantedandstructuralEngineerreportcommissioned.ABatsurvey has
foundnoevidenceofBatActivityinoraroundthebuilding,therefore,delaysduetorelocatingbatswillnot occur.
Realisationof this developmentis dependentupon raising the required funds, but to date during public consultation the
planshavebeenoverwhelminglysupportedbylocalTheatreGroups,localstageanddanceschools,thelocalMP, the
Island'sLordLieutenant,andmostimportantlymostlocalresidents.TheTheatresTrust,astatutoryConsultee for
theatres, strongly supports the proposal.
ThePerformingArtsCentreisalreadyoperatingahigh-qualitydancestudio/rehearsalareainwhatwaspreviously the
mainhalloftheTownLibrary.TheTrusthasinstalledanindustrystandardsuspendedfloorwithacarbon fibre
reinforceddance floor covering, together with full length dance mirrors, a high-qualityupright piano, a music centre and
two moveable ballet barres. The electricalsystem of the buildinghas been upgraded,includingreplacingold fluorescent
lightingwithLEDlightingtubesandtheinstallationofhigh-levelelectricfanheaters.Anewintruderalarm system
installed,alongwithaCCTVsystemwithremoteaccess.ThebuildingisregisteredwiththePPSandPRS,hasa valid
EnergyPerformanceCertificateand the Buildingand Liabilityinsuranceshave been revised to reflect the new use of the
facility. The Performing Arts Centre is in use every day of the week up to five sessions per day.
```
```
InadditiontotheTheatre,theTrustalsoownstheformerShanklinLibrarybuilding,operatingitasaPerforming Arts
CentreoperatedthroughaCommunityInterestCompanyknownasShanklinPerformingArtsCentreCIC.The Trust
aspiresto developthe PerformingArts Centreto includea small 106 seat StudioTheatretogetherwith changing rooms
andafoyerbar.Thebuildingwouldalsoincludedancestudiosandrehearsalareas,andspacetohousea Shanklin
Museum.TheplanningpermissionhasbeengrantedandstructuralEngineerreportcommissioned.ABatsurvey has
foundnoevidenceofBatActivityinoraroundthebuilding,therefore,delaysduetorelocatingbatswillnot occur.
Realisationof this developmentis dependentupon raising the required funds, but to date during public consultation the
planshavebeenoverwhelminglysupportedbylocalTheatreGroups,localstageanddanceschools,thelocalMP, the
Island'sLordLieutenant,andmostimportantlymostlocalresidents.TheTheatresTrust,astatutoryConsultee for
theatres, strongly supports the proposal.
```
```
TheTrustcontinuestoreviewandupdatetheHealthandSafetyManualandassociatedworkingpractices and
guidelines.Thefixedelectricalequipmentandmainswiringisregularlyinspected,andallarecoveredby appropriate
safetycertificates.TheTheatrehasadequateinsurancecoverforthebuildings,employeeandvolunteerliability and
public liability.
```
```
Page 1
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
```
## **`OBJECTIVES AND ACTIVITIES`**
```
RegardingtheoperationofthebuildingbyShanklinTheatreLtd,itshouldbenotedthatmostregionaltheatres and
quiteafewmajormetropolitanvenues,requiresignificantgrantsfromtheArtsCouncilandtheirLocalAuthorities to
sustainthemfinancially.PriortothefundingmadeavailableinresponsetotheCovid-19pandemic,neither Shanklin
Theatrenor the Trusthavebeenin receiptof anygrantfundingfrom thesebodiesin the lastfifteenyears.Priorto the
COVID-19crisis, the Theatre made a positive contributionbefore depreciationevery year since it was incorporated. The
commercialsuccessofShanklinTheatrehasbeenachievedthroughamixofcateringforthetastesofthemarket and
payingcloseattentiontoexpenditureandcashflow.TheTheatrecontrolsitsstaffcostsbyusingastrongbody of
volunteersbutensureshighlevelsofprofessionalismbyextensivetrainingofvolunteersandbyhavingacorestaff of
skilledindividualstoprovidetechnicalcompetenceintermsofsound,lightingandstagemanagement,aswell as
professionalmanagementoftheTheatre,overseeingbookings,boxoffice,operatingsystems,financialcontrol and
volunteerco-ordination.The Theatre has five members of salariedstaff, and around 130 volunteersregularlyworking at
the Theatre.
```
```
Public benefit
All the activities of the Trust focus on delivering community benefit and are in accordance with the objects of the Trust.
TheTrusteeshavecompliedwiththeirdutytohavedueregardtotheCharityCommission'spublicbenefit guidance
when exercising any powers or duties to which the guidance is relevant.
ACHIEVEMENT AND PERFORMANCE
Achievements and performance of subsidiary company - Shanklin Theatre Limited
The Theatreremainsfocusedon controllingits costs,payingclose attentionto expenditureand cash flow. We continue
to be supportedbya strongbodyof volunteers,butto ensureourprofessionalismfor performersandaudiences alike,
alsohaveacoreemployeeteamofskilledindividuals.Currently,thisteamstandsat5full-timemembersof salaried
staff.ForproductionsattheTheatre,thisteamprovidestechnicalcompetenceintermsofsound,lightingand stage
management.AlongsideourTheatreManagement,theteamisalsoresponsibleforFinancialControl,Bookings and
AdministrationandourBoxOffice.Inturn,theyaresupportedbysome80activevolunteers,regularlyworkingin the
majority of our operational areas.
Followinga fundraisingcampaigncommencingin the previousfinancialyearto createadditionalfemaletoilet facilities,
financialsupportwassubsequentlyprovidedbyorganisationsandindividualsincluding;theTheatresTrust, Shanklin
TownCouncil,theDaisyRichTrustandFriendsofShanklinTheatre.Workonthisprojectthencommencedduring the
autumnof 2023,withthetoiletscompletedandinplaceatthestartof ournew TheatreseasoninFebruary2024. The
Theatreisextremelygratefulforthegeneroussupportprovidedbytheseorganisationsandthese much-needed
facilities,havebeenwell receivedby our audiences.Throughoutthe year,workalsocontinuedrepairing,renewing and
updating many facilities in the Theatre, all carried out by our team of skilled maintenance volunteers.
```
```
ShanklinTheatreisnowfirmlyestablishedontheregionaltheatrecircuitandshowsoperatedduringtheyear have
featured,FrancisRossi from StatusQuo, ComedianChris McCausland,David Suchet,The UkrainianNationalOpera, plus
groups such as Showaddywaddy,The Manfreds, together with a number of popular tribute acts. Other productions have
included:'ShrektheMusical'presentedbytheIslandSavoyards,and'PhantomoftheOpera''from Shoreline
Productions. A Christmas Panto 'Rapunzel', was also hosted at the Theatre, operated by Spotlight IOW Ltd.
```
```
Alongsideourprogrammeof shows,ShanklinTheatreremainsverymucha communityhub,withresident professional
TheatreCompany,SpotlightIOWLtd,operatingastageschoolandrunningregularmusicaltheatreshowsat the
Theatre,inwhichtheirstudentstakepart.Duringthesummerof2023,Spotlightagainoperatedtheirannual summer
show ''Beyondthe West End"which,whilstattendedby our localcommunity,alsoattractstourists,particularly visiting
coach parties and in doing so, contributes significantly to providing entertainment for the Island's tourism.
```
```
Page 2
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`**
```
Continuingthecommunitytheme,ourTheatrealsohostedperformancesbyFirstAct2011,aTheatreGroup working
with people who have physical and learning disabilities.ShanklinTheatre also hosted many local-basedgroups including:
the IslandSavoyards,the PepperpotPlayers,andShorelineProductions(previouslyVentnorTheatreGroup). Alongside,
we have groups such as Island based, Curtain Call Creative,who provide performingarts trainingto 7 -19-year-olds, who
also put on some of their productionsat our Theatre. In additionto these local groups, ShanklinTheatre is also the focal
pointoftheIsleofWightMusicandDanceFestivalandduringMarch2024,onceagainwasabletohostthis Festival,
attracting participants from across the Island as well as the mainland.
```
```
Lookingaheadto2024/25,we havea fullprogrammeof shows,attractinga numberof new performers,including Will
Young,JackDeeandFrankSkinnerandarealreadybookingproductionsfor2026.Duringthefirstpartof2024, work
alsocommencedondevelopinganewbookingsystemfortheTheatre,withTicketsolve,aleadingticketing company
specialisingin Arts and Culture organisations.Alongside this work, we are also building a new mobile-friendlywebsite for
theTheatre.Bothofthesedevelopmentsreflectthegrowinguseofon-linebookingforourshowsandthese new
systems will be in place during the first quarter of the new financial year.
```
```
systems will be in place during the first quarter of the new financial year.
Achievement and performance of Friends of Shanklin Theatre
ThepurposeoftheFriendsofShanklinTheatre(FOST)istoencouragepublicsupportforShanklinTheatre, provide
volunteers for the day-to-day running of the Theatre and raise funds to benefit the Theatre.
FOSTis anincreasinggroupof peoplefromtheIsleof Wightandbeyondwho haveShanklinTheatre'sbestinterests at
heart.
FOST currentlyhas over 820 members, 170 of whom serve on a panel of volunteerswilling to be called upon if required.
Over half of these volunteersregularlywork at the Theatre. The overall FOST membership also includes 133 Patrons and
13 Corporate Sponsors who choose to pay an enhanced membership fee to help support the Theatre.
As a result of the new ticketingsystem soon to be introducedby the Theatre,it is anticipatedthat new members will be
able to join FOST online and that FOST members will be able to buy discounted tickets online.
FOST Executive Committee
FOSTmemberscontinuetoreceivediscountedticketsonselectedshows,aquarterlynewsletter'StageWrite', priority
bookingswheneverpossible,whichmeansthatFOSTmemberscanpurchaseticketsinadvanceofthegeneral public,
and automatic entry into the monthly members' draw to win theatre vouchers.
```
```
ThepurposeoftheFriendsofShanklinTheatre(FOST)istoencouragepublicsupportforShanklinTheatre, provide
volunteers for the day-to-day running of the Theatre and raise funds to benefit the Theatre.
```
```
FOSTis anincreasinggroupof peoplefromtheIsleof Wightandbeyondwho haveShanklinTheatre'sbestinterests at
heart.
```
```
FOST currentlyhas over 820 members, 170 of whom serve on a panel of volunteerswilling to be called upon if required.
Over half of these volunteersregularlywork at the Theatre. The overall FOST membership also includes 133 Patrons and
13 Corporate Sponsors who choose to pay an enhanced membership fee to help support the Theatre.
```
```
As a result of the new ticketingsystem soon to be introducedby the Theatre,it is anticipatedthat new members will be
able to join FOST online and that FOST members will be able to buy discounted tickets online.
```
```
TheFOSTExecutivecommitteeremainsas8 memberswithspecificdefinedroles.A newChairman,PaulHarris,will be
appointed to the role at the May 2024 AGM.
```
## **`Volunteer Training`**
```
TheVolunteerInductionSessionscontinuetobeinvaluableforournewrecruits,astheyenableeachvolunteer to
understandand appreciatehow other departmentsoperateand the contributioneach makes to the Theatre.The same
appliesto the regular Team Leaders Meetings that give an opportunityfor team representativesto meet up and discuss
their roles, issues and suggestions in an open forum.
```
```
Volunteertrainingsessionscontinueatpace,includingthefireandemergencyevacuationsessionsthatregularly take
place in the Theatre's lower auditorium.
```
## **`FOST Funded Work and Fundraising`**
```
One of the remits of FOST is to raise money to benefit the Theatre.
```
```
Page 3
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
```
## **`ACHIEVEMENT AND PERFORMANCE`**
```
Fundraisingcontinuesto be strong,despite the rise in the cost of living. This is due in large part to the work of our Prize
DrawTeamwho sell prizedrawticketsateveryshowin theTheatreandatmanyeventsaroundtheIsland. Additional,
muchneededfundsarealsogeneratedthroughmembershipsubscriptions,the"Coffee,CakeandChat" mornings,
raffles,souvenirs,curryeveningandexternaldonations.SignificantfundsarealsonowbeingraisedviaTheatre tours
and online eBay sales.
```
```
For the year to 31 March 2024, funds raised amounted to over £41,000 and the Committee has been pleased to agree to
fund or partially fund the following projects:
```
- `Boom headsets`
- `Replacement radios`
- `Chaplet stage lights - Renovation of ladies' toilets`
```
- Renovation of ladies' toilets
In addition to the above, FOST has set aside £5,000 as a contingency fund for additional technical requirements.
FOST Events and Community Involvement
Internalandexternaleventscontinuethroughouttheyear,includingpromotionaleventssuchassummerfairs, fetes
andcarnivals.Thepopular"Coffee,CakeandChat"morningsheldbyFOSTonthefirstSaturdaymorningof every
month,exceptforJanuaryandAugust,attractguestspeakersandvisitingcommunitygroupsfromacrossthe Island.
TheseeventsprovideanopportunitytorecruitnewvolunteersandadvertisetheTheatretothewider Island
community.
Workingin conjunctionwith the Island'sdestinationmanagementorganisation;Visit Isle of Wight Ltd, FOST contributes
to the bi-annual Isle of Wight Walking Festival by creating its own guided walks.
WorkingwiththeShanklinTheatremanagementteam,FOSTconductregularguidedtoursoftheTheatrethat usually
selloutquickly.Wearecurrentlylookingtointroduceaspecific"childfriendly"version.Ticketsalesfortours are
managed through the Box Office booking system.
Recognition events include the Volunteers' and Patrons' Thank You evenings and the annual FOST Garden Party.
Achievement and performance of Shanklin Performing Arts Centre CIC
```
```
WorkingwiththeShanklinTheatremanagementteam,FOSTconductregularguidedtoursoftheTheatrethat usually
selloutquickly.Wearecurrentlylookingtointroduceaspecific"childfriendly"version.Ticketsalesfortours are
managed through the Box Office booking system.
```
```
ShanklinPerformingArts CentreCIC continuesto providea venue for community-basedactivities.The Projecthas been
a tremendoussuccesswith the facilitiesbeing used every day of the week, and several differentsessionsa day on most
days. Currently, demand to use the facility far outstrips supply of available time slots.
```
```
ItistheintentionofShanklinTheatre&CommunityTrusttotrytoraisefundsforamajorredevelopmentof the
PerformingArtsCentreBuilding,incloseliaisonwiththeBoardofthePerformingArtsCentreCIC,toinclude widening
the scope of activitiesin the building to provide a Centre to show the history of the area, and to allow for display of local
visual arts.
```
```
Afeasibilitystudywasmade,plansdrawnupbyLondonArchitects,HarveyWright,andsubmittedtoIsleof Wight
Council for planning permission in December 2023. A decision is due to be made in May 2024.
```
```
Thefullsetofplansoftheproposednewfacility,togetherwiththeartist'simpressionsofthebuilding,were made
available for public inspection at the Performing Arts Centre on 22nd September 2023 and 19th November 2023.
```
```
This is greatnews for the ArtsandShanklinTown,andrepresentsalmosttwo anda halfyearsof workliaisingwith the
IW Council planning officers, our architect, our residents and industry bodies to achieve this.
```
```
Page 4
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Objects of the organisation`**
```
The objects of the Company are to carry on activities which benefit the community and in particular (without limitation):
```
- `To foster and promote the improvement, development and maintenance of artistic knowledge and understanding and appreciation of the Arts among the inhabitants of the nation and in particular among the people of Shanklin and the whole of the Isle of Wight by providing training, development and rehearsal facilities for their education in the fields of the Performing Arts including Music and Dance.`
- `To provide a meeting facility for a range of groups and community interests not necessarily connected with the Performing Arts.`
- `To establish, develop and operate a Museum and Heritage Centre within the building focusing on Shanklin and Isle of Wight history for the benefit of the community and visitors alike.`
- **`Progress to date with users`** `In its fourth year of operation the building has been used by Shoreline Productions, Horse Box Theatre, Curtain the Dance Vibez Dance School, Joel Morris Dance Academy, Burlesque Chair Dance Company, Deelite Fitness and with Meg Groups, Chantal Ballet Body and Community Action Isle of Wight.` **`FINANCIAL REVIEW Financial position`** `Total income for the year amounted to £211,570 (2023 - £82,594). The total cost of charitable activities £134,265 (2023 - £38,663). The net surplus for the year amounted to £77,305 (2023 - £43,931). Unrestricted restricted funds carried forward at the end of the year amounted to £608,881 and £30,608 respectively £526,172 and £36,012).` **`Unrestricted funds`** `At the end of the year, £422,003 (2023 - £412,273) was designated to the fixed assets fund and £1,010 (2023 - was designated to the window appeal fund. The remaining balance of £185,868 (2023 - £112,889) is held reserves.` **`Reserves policy`** `The Charity's policy is to hold as a minimum the equivalent of 12 months operating costs in free`
## **`Progress to date with users`**
```
In its fourth year of operationthe building has been used by Shoreline Productions,Horse Box Theatre, Curtain Creative,
the Dance Vibez Dance School, Joel Morris Dance Academy,Burlesque Chair Dance Company,Deelite Fitness and Pilates
with Meg Groups, Chantal Ballet Body and Community Action Isle of Wight.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Totalincomefortheyearamountedto£211,570(2023-£82,594).Thetotalcostofcharitableactivitiesamounted to
£134,265(2023- £38,663).The net surplusfor the year amountedto £77,305(2023- £43,931).Unrestrictedfunds and
restrictedfundscarriedforwardattheendoftheyearamountedto£608,881and£30,608respectively(2023 -
£526,172 and £36,012).
```
## **`Unrestricted funds`**
```
At the end of the year,£422,003(2023- £412,273)was designatedto the fixedassetsfundand£1,010(2023- £1,010)
wasdesignatedtothewindowappealfund.Theremainingbalanceof£185,868(2023-£112,889)isheldas free
reserves.
```
## **`Reserves policy`**
```
TheCharity'spolicyistoholdasaminimumtheequivalentof12monthsoperatingcostsinfreereserves for
uncertaintiesinfutureincomeandprovideacontingencyforunforeseencosts.Whenconsideringreservesit is
important to appreciate that the level of free operating reserves are lower due to amounts held in fixed assets.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
ShanklinTheatreandCommunityTrustisacharitablecompanylimitedbyguarantee,incorporatedon24 November
2010 and registered as a charity (no. 1146834)on 11 April 2012. The company was establishedunder a Memorandum of
AssociationwhichsetsouttheobjectsandpowersofthecharitablecompanyandisgovernedunderitsArticles of
Association.
```
## **`Recruitment and appointment of new trustees`**
```
ThegoverningbodyofthecharityistheboardoftrusteesandtheyareappointedinaccordancewiththeArticles of
Association.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
07450494 (England and Wales)
```
```
Page 5
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`**
```
Registered Charity number
1146834
```
## **`Registered office`**
```
Steephill Road
Shanklin
Isle of Wight
PO37 6AJ
```
## **`Trustees`**
```
C W Quirk
A C Wood (deceased 3.10.24)
S J Beston
M T F Beston
C D Harvey
T S Harvey
M Dawson
S McIntosh
D P Beeson
```
```
M T F Beston
C D Harvey
T S Harvey
M Dawson
S McIntosh
D P Beeson
Independent Examiner
Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
.........................................................................
C W Quirk - Trustee
```
```
Page 6
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`Independent examiner's report to the trustees of Shanklin Theatre and Community Trust ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
```
## **`Responsibilities and basis of report`**
```
As the charity'strustees of the Company (and also its directors for the purposes 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').
```
```
Havingsatisfiedmyselfthatthe accountsof the Companyare not requiredto be auditedunderPart16 of the 2006 Act
and are eligible for independentexamination,I report in respect of my examinationof your charity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
- `with the accounting requirements of Section 396 of give a true and fair view which is not a`
- `prepared in accordance with the methods and`
- `accounting and reporting by charities (applicable`
- `the Financial Reporting Standard applicable in the across no other matters in connection with the`
`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 (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
J Palmer
```
```
The Association of Chartered Certified Accountants
```
```
Bright Brown Limited
Chartered Accountants
Newport
Isle of Wight
```
```
Date: .............................................
```
```
Page 7
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024`**
|**DRAFT**
**09/10/24 10:58**
`Unrestricted`
`Restricted`
`funds`
`funds`
`Notes`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`126,645`
`18,300`
**`Charitable activities`**
`Preservation of Shanklin Theatre building`
`1,084`
`41,244`
`Investment income`
`3`
`24,297`
`-`
**`Total`**
`152,026`
`59,544`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Preservation of Shanklin Theatre building`
`20,538`
`64,948`
`Development of Shanklin Performing Arts Centre`
`48,779`
`-`
**`Total`**
`69,317`
`64,948`
**`NET INCOME/(EXPENDITURE)`**
`82,709`
`(5,404)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`526,172`
`36,012`
**`TOTAL FUNDS CARRIED FORWARD`**
`608,881`
`30,608`|`2024`
`Total`
`funds`
`£`
`144,945`
`42,328`
`24,297`
`211,570`
`85,486`
`48,779`
`134,265`
`77,305`
`562,184`
`639,489`|`2023`
`Total`
`funds`
`£`
`26,364`
`33,430`
`22,800`|
|---|---|---|
|||`82,594`|
|||`38,663`
`-`|
|||`38,663`|
|||`43,931`
`518,253`|
|||`562,184`|
||||
```
The notes form part of these financial statements
```
```
Page 8
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`BALANCE SHEET 31 MARCH 2024`**
|**DR**
`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`Investments`
`8`
**`CURRENT ASSETS`**
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`10`
**`NET ASSETS`**
**`FUNDS`**
`13`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**
|**AF**
**09/10/2**
`Unrestricted`
`funds`
`£`
`502,000`
`3`
`502,003`
`187,838`
`(10,960)`
`176,878`
`678,881`
`(70,000)`
`608,881`
|**T**
**4 10:58**
`Restricted`
`funds`
`£`
`-`
`-`
`-`
`30,608`
`-`
`30,608`
`30,608`
`-`
`30,608`
|`2024`
`Total`
`funds`
`£`
`502,000`
`3`
`502,003`
`218,446`
`(10,960)`
`207,486`
`709,489`
`(70,000)`
`639,489`
`608,881`
`30,608`
`639,489`
|`2023`
`Total`
`funds`
`£`
`502,270`
`3`|
|---|---|---|---|---|
|||||`502,273`
`150,799`
`(10,888)`|
|||||`139,911`|
|||||`642,184`
`(80,000)`|
|||||`562,184`|
|||||`526,172`
`36,012`|
|||||`562,184`|
||||||
```
The charitablecompanyis entitledto exemptionfrom auditunderSection477of the CompaniesAct2006for the year
ended 31 March 2024.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 9
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`BALANCE SHEET - continued 31 MARCH 2024`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
C W Quirk - Trustee
```
```
The notes form part of these financial statements
```
```
Page 10
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedin accordancewith the CharitiesSORP(FRS 102)'AccountingandReportingby Charities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1 January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicablein theUK andRepublicof Ireland'and the
Companies Act 2006. The financialstatementshave been prepared under the historicalcost convention,with the
exception of investments which are included at market value.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.
```
- `expenditure as soon as there is a legal or`
- `it is probable that a transfer of economic benefits can be measured reliably. Expenditure is accounted that aggregate all cost related to the category. they have been allocated to activities on a`
- `following annual rates in order to write off each`
- `- 20% on reducing balance on the theatre buildings because, in the opinion`
- `the long life of the asset and the requirement to`
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charityto that expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlement and
the amount of the obligationcan be measured reliably. Expenditureis accountedfor on an accruals basis and has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
```
```
Plant and machinery- 20% on reducing balance
```
```
No depreciationhas been providedon the theatrebuildingsbecause,in the opinionof the directors,the charge
wouldbeimmaterialduetothelonglifeoftheassetandtherequirementtomaintainthelistedbuilding. The
directors carry out annual impairment reviews to ascertain whether a provision is necessary.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionofthetrustees .
The trustees principal activity of the charity is to hold the theatre building in trust.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe Charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticularrestricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
```
continued...
```
```
Page 11
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`2. DONATIONS AND LEGACIES`**
|**DRAFT**
**09/10/24 10:58**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Donations`
`7,148`
`800`
`Gift aid`
`3,640`
`-`
`Legacies`
`115,857`
`-`
`Grants`
`-`
`17,500`
`126,645`
`18,300`
**`3.`**
**`INVESTMENT INCOME`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Rents received`
`22,647`
`-`
`Deposit account interest`
`1,650`
`-`
`24,297`
`-`
**`4.`**
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`Depreciation - owned assets`
**`5.`**
**`TRUSTEES' REMUNERATION AND BENEFITS`**|`2024`
`Total`
`funds`
`£`
`7,948`
`3,640`
`115,857`
`17,500`
`144,945`
`2024`
`Total`
`funds`
`£`
`22,647`
`1,650`
`24,297`
`2024`
`£`
`270`||`2023`
`Total`
`funds`
`£`
`9,349`
`5`
`17,010`
`-`|`2023`
`Total`
`funds`
`£`
`9,349`
`5`
`17,010`
`-`|
|---|---|---|---|---|
||||`26,364`||
||||`2023`
`Total`
`funds`
`£`
`22,647`
`153`||
||||`22,800`||
||||`2023`
`£`
`337`||
||||||
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2024norforthe year
ended 31 March 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31March2024norfortheyear ended
31 March 2023.
```
```
continued...
```
```
Page 12
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
|**DRAFT**
**09/10/24 10:58**
**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`18,864`
**`Charitable activities`**
`Preservation of Shanklin Theatre building`
`254`
`Investment income`
`22,800`
**`Total`**
`41,918`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Preservation of Shanklin Theatre building`
`12,430`
**`NET INCOME`**
`29,488`
**`Transfers between funds`**
`(200)`
**`Net movement in funds`**
`29,288`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`496,884`
**`TOTAL FUNDS CARRIED FORWARD`**
`526,172`
**`7.`**
**`TANGIBLE FIXED ASSETS`**
`Freehold`
`property`
`£`
**`COST`**
`At 1 April 2023 and 31 March 2024`
`500,922`
**`DEPRECIATION`**
`At 1 April 2023`
`-`
`Charge for year`
`-`
`At 31 March 2024`
`-`
**`NET BOOK VALUE`**
`At 31 March 2024`
`500,922`
`At 31 March 2023`
`500,922`|`Restricted`
`funds`
`£`
`7,500`
`33,176`
`-`
`40,676`
`26,233`
`14,443`
`200`
`14,643`
`21,369`
`36,012`
`Plant and`
`machinery`
`£`
`10,040`
`8,692`
`270`
`8,962`
`1,078`
`1,348`|`Total`
`funds`
`£`
`26,364`
`33,430`
`22,800`
`82,594`
`38,663`
`43,931`
`-`
`43,931`
`518,253`
`562,184`
`Totals`
`£`
`510,962`
`8,692`
`270`
`8,962`
`502,000`
`502,270`|`Total`
`funds`
`£`
`26,364`
`33,430`
`22,800`|
|---|---|---|---|
||||`82,594`|
||||`38,663`|
||||`43,931`
`-`|
||||`43,931`
`518,253`|
||||`562,184`|
```
continued...
```
```
Page 13
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`8. FIXED ASSET INVESTMENTS`**
**==> picture [456 x 469] intentionally omitted <==**
**----- Start of picture text -----**
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2023 and 31 March 2024 3
NET BOOK VALUE
At 31 March 2024 3
At 31 March 2023 3
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Shanklin Theatre Limited
Registered office: Shanklin Theatre, Steephill Road, Shanklin, Isle Of Wight, PO37 6AJ
Nature of business: Theatre trading company
%
Class of share: holding
Ordinary 100
2024 2023
£ £
Aggregate capital and reserves (480) (52,730)
Profit/(loss) for the year 52,250 (28,182)
Shanklin Performing Arts CIC
Registered office: Shanklin Theatre, Steephill Road, Shanklin, Isle Of Wight, PO37 6AJ
Nature of business: Performing arts
%
Class of share: holding
Sole member 100
2024 2023
£ £
Aggregate capital and reserves 24,982 23,760
Profit/(loss) for the year 1,222 (4,120)
09/10/24 10:58
DRAFT
**----- End of picture text -----**
```
continued...
```
```
Page 14
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
|**DRAFT**
**09/10/24 10:58**
**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other loans (see note 11)`
`Accrued expenses`
**`10.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Other loans (see note 11)`
**`11.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Other loans`
`Amounts falling between one and two years:`
`Other loans - 1-2 years`
`Amounts falling due between two and five years:`
`Other loans - 2-5 years`
`Amounts falling due in more than five years:`
`Repayable by instalments:`
`Other loans more 5yrs`
**`12.`**
**`SECURED DEBTS`**
`The following secured debts are included within creditors:`
`Other loans`|`2024`
`£`
`10,000`
`960`
`10,960`
`2024`
`£`
`70,000`
`2024`
`£`
`10,000`
`10,000`
`30,000`
`30,000`
`2024`
`£`
`80,000`|`2023`
`£`
`10,000`
`888`|
|---|---|---|
|||`10,888`|
|||`2023`
`£`
`80,000`|
|||`2023`
`£`
`10,000`|
|||`10,000`|
|||`30,000`|
|||`40,000`
`2023`
`£`
`90,000`|
```
The IW Councilloanof £80,000(2023- £90,000)is securedby a legalchargeover the freeholdproperty owned
by the charity.
```
```
continued...
```
```
Page 15
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`13. MOVEMENT IN FUNDS`**
|**DR**
**`Unrestricted funds`**
`General fund`
`Fixed asset fund`
`Window appeal fund (designated)`
**`Restricted funds`**
`Friends of Shanklin Theatre`
`Female toilet improvement fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
`Fixed asset fund`
**`Restricted funds`**
`Friends of Shanklin Theatre`
`Female toilet improvement fund`
**`TOTAL FUNDS`**|**AFT**
**09/10/24 10:58**
`Net`
`movement`
`At 1.4.23`
`in funds`
`£`
`£`
`112,889`
`82,979`
`412,273`
`(270)`
`1,010`
`-`
`526,172`
`82,709`
`28,312`
`2,296`
`7,700`
`(7,700)`
`36,012`
`(5,404)`
`562,184`
`77,305`
`s follows:`
`Incoming`
`resources`
`£`
`152,026`
`-`
`152,026`
`41,244`
`18,300`
`59,544`
`211,570`|`Transfers`
`between`
`At`
`funds`
`31.3.24`
`£`
`£`
`(10,000)`
`185,868`
`10,000`
`422,003`
`-`
`1,010`
`-`
`608,881`
`-`
`30,608`
`-`
`-`
`-`
`30,608`
`-`
`639,489`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(69,047)`
`82,979`
`(270)`
`(270)`
`(69,317)`
`82,709`
`(38,948)`
`2,296`
`(26,000)`
`(7,700)`
`(64,948)`
`(5,404)`
`(134,265)`
`77,305`|
|---|---|---|
```
continued...
```
```
Page 16
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
```
## **`13. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**DRAFT**
**09/10/24 10:58**
`Net`
`movement`
`At 1.4.22`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`94,186`
`29,825`
`Fixed asset fund`
`401,688`
`(337)`
`Window appeal fund (designated)`
`1,010`
`-`
`496,884`
`29,488`
**`Restricted funds`**
`Friends of Shanklin Theatre`
`21,369`
`6,943`
`Female toilet improvement fund`
`-`
`7,500`
`21,369`
`14,443`
**`TOTAL FUNDS`**
`518,253`
`43,931`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`41,918`
`Fixed asset fund`
`-`
`41,918`
**`Restricted funds`**
`Friends of Shanklin Theatre`
`33,176`
`Female toilet improvement fund`
`7,500`
`40,676`
**`TOTAL FUNDS`**
`82,594`|`Transfers`
`between`
`At`
`funds`
`31.3.23`
`£`
`£`
`(11,122)`
`112,889`
`10,922`
`412,273`
`-`
`1,010`
`(200)`
`526,172`
`-`
`28,312`
`200`
`7,700`
`200`
`36,012`
`-`
`562,184`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(12,093)`
`29,825`
`(337)`
`(337)`
`(12,430)`
`29,488`
`(26,233)`
`6,943`
`-`
`7,500`
`(26,233)`
`14,443`
`(38,663)`
`43,931`|
|---|---|
## **`Window Appeal`**
```
The Trust are asking for donations to replace some of the windows in the Theatre.
```
## **`Transfers between funds`**
```
The only transfersbetween funds during the year is in relationto the separationof unrestrictedfunds which are
being held in the fixed assetsof the charity.The trusteesbelievethis will give a more transparentpictureof the
Trust's financial position at the year end.
```
```
continued...
```
```
Page 17
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
```
## **`14. RELATED PARTY DISCLOSURES`**
```
Duringthe year,ShanklinTheatreandCommunityTrustmade donationsof £39,999(2023- £1,530)to Shanklin
TheatreLimited,and£48,779(2023- £4,466)to ShanklinPerformingArtsCIC,bothof whicharesubsidiaries of
the charity.
```
```
Page 18
```
```
SHANKLIN THEATRE AND COMMUNITY TRUST
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024`**
|**DRAFT**
**09/10/24 10:58**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`7,148`
`800`
`Gift aid`
`3,640`
`-`
`Legacies`
`115,857`
`-`
`Grants`
`-`
`17,500`
`126,645`
`18,300`
**`Investment income`**
`Rents received`
`22,647`
`-`
`Deposit account interest`
`1,650`
`-`
`24,297`
`-`
**`Charitable activities`**
`Friends of Shanklin Theatre income`
`1,084`
`41,244`
**`Total incoming resources`**
`152,026`
`59,544`
**`EXPENDITURE`**
**`Charitable activities`**
`Insurance`
`1,549`
`-`
`Postage and stationery`
`118`
`-`
`Advertising`
`234`
`-`
`Sundries`
`496`
`-`
`Legal and professional fees`
`-`
`-`
`Software development`
`1,239`
`-`
`Donation to Shanklin Theatre Limited`
`13,999`
`26,000`
`Friends of Shanklin Theatre expenses`
`1,511`
`38,948`
`Donations to Shanklin Performing Arts CIC`
`48,779`
`-`
`Plant and machinery`
`270`
`-`
`68,195`
`64,948`
**`Support costs`**
**`Governance costs`**
`Accountancy and legal fees`
`1,122`
`-`
`Total resources expended`
`69,317`
`64,948`
**`Net income`**
`82,709`
`(5,404)`|`2024`
`Total`
`funds`
`£`
`7,948`
`3,640`
`115,857`
`17,500`
`144,945`
`22,647`
`1,650`
`24,297`
`42,328`
`211,570`
`1,549`
`118`
`234`
`496`
`-`
`1,239`
`39,999`
`40,459`
`48,779`
`270`
`133,143`
`1,122`
`134,265`
`77,305`|`2023`
`Total`
`funds`
`£`
`9,349`
`5`
`17,010`
`-`|
|---|---|---|
|||`26,364`
`22,647`
`153`|
|||`22,800`
`33,430`|
|||`82,594`
`1,377`
`117`
`341`
`116`
`1,880`
`1,018`
`1,530`
`26,461`
`4,466`
`337`|
|||`37,643`
`1,020`|
|||`38,663`|
|||`43,931`|
```
This page does not form part of the statutory financial statements
```
```
Page 19
```