Upfront Arts Limited
(a ￿MpanY limiled by guarantee)
Annual Report and Financial
Statements
30 September 2021
Company registratlon number: 04547236
Charity registratlon number: 1153089
christiandodd

Upfront Arts Limlted
Contents
Reference and administrative details
Trusiee's report
Twslee's resp)n$ibilitses in ￿l&￿"0n to the finarrial ￿tsten￿nts
Independent oxaminerfs report
Statement of ffnanch31 aCtNit￿S
10
Balance sheet
Notes to the financial staterrenls
12

Upfront Arts Limited
Refernnce and Admlnlstralive Details
Charity name
Upfront Arts Limited
Charity reglstratlon number
1153089
Company reglstration numbor
04547236
Principal office
Upfront Gallery
Hutton In The Forest
PENRITH
CA11 9TG
R•gistered office
Upfront Gal
Hutton In The Forest
PENRITH
CAI 1 9TG
S Allan PHD {appointed12th May 2022)
K R 8aker (appointed 12th May 20221
A Baker {appointed 12th May 2022)
C Chandler I￿Signed 1Y May 2022)
E Cook (resigned 12th May 2022)
J W Cook {osKJned 12th May 20221
J Clark
Fdtowes lapw)inled 12th May 20221
S P Ghafoor OBE {appointed 12th May 20221
L M Hamitton
G Hunl
P J C MacQueen lapwinted 1Y May 20221
A K Mccaw
K Norman lappoinlgj 2P May 2022)
Z Sutton (resigned 12b) May 2022)
C Want (resignejj 12th Ptsy 20221
S•Gretsry
D E Parkinson (appointed 1Y May 2022}
Bankers
Cuthrfand Building S￿ty
15 MKldlegate
PENRITh
CA11 7PG
Accountant
storey & Cjodd Ltd
Unit 10 Cumbro LEP
Redhills
PENRITH
CA11 OOT

Upfront Arts Limited
Trustees. Report for the Year Ended 30 September 2021
The directors and trustees for the purposes of the Companies Act have pleasure in presenting their
report and the finanaal statgrr*nts of chanty for the year ended 30th SeptemL*r 2021.
The ffinanC￿l ststernents have been prepared in accordance the a¢counting politse$ set out in
Ihe notes to the accounts and compty wth the charity's goveming dccument, the Charities Act 2011
and A¢¢ounting and Reporting by Charitses". Statemént of Recommended Pr3ctice applicable to
harities preparing Iheir accourrts in aceordano wth the Finawal Reporting Standard applicable in
the UK and Republic of Irdand.
Goveming l)ocum•nt
Upfront Arts Limited is a charitable company lirymted by guarantee, incorporated on 27th September
2C(12, and amended by speual resolutr'on on 241n July 2013. 11 was registered as a charity on 2
July 2013. The company was eslablished under a Menx*randum of A$S￿latIon which established
the objects and powers of the charitable company and is govemed under its Ath'cles of Association.
Obj•¢tives
The Principle *tivity of the charity in the ￿riod under review was th* of advancing the educatK)n of
the public and promoting the art of mask. mime and pupwty by such rr*ans as the trustees think fit
including performance. workshops and teacthing. The key obpctNes indude..
To advance the art forms of mask. mime and puppetry and
To prorrnte the art of mask. rrome and putpety through eXhibit￿n$, performance,
workshops and teachin9.
Trustees
The dirÈctrJrs ofthe company are dso the charity trustees for the purpose of charity law. Any person
can be admitted as a trustee of the charity prov￿Ing all other trustee5 give their approval. The
tThslees of the charity are responsit4e for the appointrrent of the tsjmpany secretary in aecordance
with the Act.
Trustee's are appointed to the charity by invtsb.on frAlowed by *tion at Lb)ard meetin9S.
New board memters are sought to streivjthen ￿ ablty of the charity to carry out its remit.
The b)ard s&ks to deveknp its skill base arid knovAed9e by attending relevant courses where
possible. All board membets are required to sign a Iruslee's de¢laration.
Risk Management
The Board of Truslees per￿￿￿￿allY corKlucts a ￿VIeW of the rnajor Tisks lo which the charity is
exposed and develops M￿"gatiOn strategies. A statement of the major risks and any appropriate
systerr6 and prtxedures to mtyate these risks are includ&J in the Strategi¢ Plan and Board Policy
Manual.
The board recognises that a failu￿ to meet ￿venUe targets ￿ateS a risk and a strategic plan is in
pface to generate more income. The development ofan on- srte interaclNe puppet museum and sh)p
is undeFway, with showcases installed during Jo¢kdown. An Incon￿ generab.ng puppet festival is
planned for September 2022 with some grant funding already in place to cover basic costs.
The or9anisation is aware of ils resFonsibilib'es regarding heatth and safety, child protection and
èmployment law. The Board Policy Manual is ￿vIeWed quarterly.

Upfront Arts Limited
Trusl•es' Ryrt for the Year Ended 30 September 2021
Publlc Benefit
The trustees ¢onfirm that they have eomrAied wrth the duty irs Section 4 of the charib.es Act 2006 to
have due regard to public benefit guthnce pub1tsJ￿ by the Chaiity Commi5SiM.
The trustees klieve that the carrying Out of the aims of the d)arity prOV￿e$ a public benefit in a
number of area5. including the provision of education and the prorrntM)n of the art form of puppety.
The charrty has provided a new theatre. wrth workshop resources in a rural area wrth full accessibility.
Performances have teen provbjed lor the geneTal public and ath(yols.
Practical workshops have been prOV￿ed tri mask makn'ng and camivals for s¢hoc4s and the wder
community.
Revlew of d•velopmenls actsvilits and achi•vements
During the yeai the company p￿f￿n￿d a pre I￿kdOWn season Of"PL￿5 in Boots" al Chrt5tmas, then
a small outdoor puppet festival, "Puppets up Front. as restn"ctK)ns were lffted. "Jack and the
8eanstalk' was performed un(Jer Covid restn.eted rules dufrng the sumnw.
When music concerts eould be stage(I performance5 induded Folk Upfront- Christmas Spec¢al in
December2020 and Rob Heron ane Tom Cronin music concert in Juty 2021 with Covid restrictions
lifted in full.
A Covid Safe Grant was provided by The Theatres Trust to enable us to purcmase 75 stacking,
ckanable chairs lo allow our aud￿nceS to srt in Covid sale bubtAe5. The fvnding also purchased and
paid for the purchase and fitting of ele¢tn"¢ window openers for the clerestory roof sect￿￿ above the
auditorium. Both of these fa¢i1ths will Contribute to resource fvrture events of the charity.
The constructs'on of 12 museum conservats)n shcwcases was completed in the year, part furyled by
a grant of £19.992 from the European Deveknpment Fund and by private loans of £38.220. Total
expenditure on the mu%um was £54.1)00. Further improvemenls and addib.ons are planned for the
museum in line wrth our ambrti¢)n to become a fully ￿eredited interactive puppet museum.
Future Plans
We a￿ develowng an onsite shop dedtcated to sales related to Pupr￿ts and the planned PUPFet
museum.
We have secured a grant of£5000 from the VKloria ￿bod FOUndat￿ti of 35000 and from The Penrrth
Lottery lund of £2500 t(r•vards a puppet fests'val to be staged o site in varK)us venues in September
2022. ApplKation has abo been made to the Westmortand Foundation Tr¢Jsl lor £5000 towards t
lestival base costs. Any money from b.eket sales will ￿ used to establish a reserve for the charity as
the basis to underpin future ￿an$.
A grant has teen se¢uied from Eden Di8trict Councii as a part of rts new Devolopmenl
Strategy. The funding to be spent 2022-2023 will help wrth stabiloabon after COV￿ and will contribu¢e
lo paying freelance puppeteerfs fees as well as covering the cost of devdop￿0 a new company
produ¢b"on arKI some paid administrab.on for the first time for the tharity.

..¢ontinued
Flnanchl Revlew
The totsl ineorning resources for the yearamounted to £57.39912020 £53.7181. Ofthis arThJunt £950
12020 £nill was restn.cled funds for specific proiecis.
Total expenditure was £50,32512020 £46.1811. of which £5,95012020 £nill was reslricled.
The majof expenditure which trte charity incurs Js that of wages. productt.on costs Including stage
building and puppet making and depreciats"on.
The depreciation fvJure reflects the diminishing lease which the theatre building has, for the land on
which il Is built. The charrty has a peppercorn lease which has been extended up to March 2032.
extending the original lease Created in 2012 by 10 years up to 2032. Accounting praCt￿e dictates the
cost of the building fs depreciated over the term of the lease and by extending the lease, the rale of
depreciation ha5 been slowed.
The total funds of the chanty ai 30 Sep¢emter 2021 were £186.36512020 £179.291), of which £nil
12020 £5.0001 were re5trtcled.
Reserve8 Pollcy
The Iruslees have reviewed the charity's needs for reserves in line with the guidance Bsued by the
Charity Commission.
The policy of the Iruslees is to ensure that financial resources are sufficient lo cover the projecte(J
operation and development ftJndin9 Aeefjs of the charity with some de9m of flexibility to allow for
potential ￿ntingencIes. Fun¢Jing has been 5ecvied towards the staging of the Pvppel festrval event
and l¢)waT4s Increased advertising lo raise awareness ol the acts"vthes of the Charity.
T_tre proiecled income slrearn from the onsite puppet museurn ond from the onsite dedicated shop
will contribute to the financial stability of the charity and will help to establish a resefyes fvnd for the
fvlure.
At the year end there was a de￿11 on free re5erye$ of £62.84212020 £37.3551.

UpfrontArts Limlted
Trustees. Report for the Ywr Ended 30 Seplemb•r 2021
Small company provlslons
This reF¥Jrt has bgen [ry￿r8d wi a¢t>ydance with ￿ srMII eompanios reglme urKlor the
Companies Acl 20(￿.
Approved by the Board on 2f J￿￿ 21Y22 and swl on its bghaw by..
L Hamlton

Upfront Arts Llmited
Trustees, Responsibilities in rolation to the Financlal Statements
Th9 trustees {who are also directors of Upfront Arts Ltmited for the purposes of company lawl a
responsible for preparing the Tru5tees' Annual Report and thè financial slalements in accordance wrfh
applicable law and the Financial Repoth"ng Standard 102
'The Financial Rewrting Standard
applicable in the UK and Republic of Ireland..
Company law requires the ITUStee5 to prepare financial 5talerT*nts for each financial year whith gwe a
true and fair view of the slate ol affairs ol the charrtable company and of the incoming fesources and
application ol resource$. including income and expendrture. of the charitable company for thal period.
In preparing Ih85e financial statements. the tru$lee3 are requ1red to.
Solecl surtable accounting policies and then apply them conststently.
Observe the methods and principles in ihe Charibes SQRP..
Make iu¢Jgements and eslimales that a￿ reasonable and prudentr
Slate whether applicable UK accounbng standards have been foll¢)wed, subject to any material
(Jeparfvres dis¢10sed and explained in the firnanei815taiernents.' and
Prepare the financial State￿nts on the going concern basis unless it 15 inapwopfiate lo
presume that the chantable company will continue in business
The Iruslee5 are responsible for keeping proper a￿￿￿ting records that disclose wth ￿aSOnab
accuracy at any lime the financial posifion of the charitsble company and enable them to ensure that
the financial statements cOm￿Y with the Companies Act 20C6 They a￿ also responsible for
safeguarding the assets of the charitable company and hence for tskin9 reasonable steps for the
preventson and detection of fraud and other IrregUlar￿e5.

Independent Examiner's Report to the Trustees of
Upfront Arts Limlted
I report on the 8¢counts of the company for the year end￿ 30 September 2021. which are sel out on
pages 9 10 20
Respective respO￿lbIlItieS of Irust•es and examlner
The Iruslees (who a￿ also the dire¢lors of the company for the pury)oses of company law} are
responsible for the prepardlion of the account5. The trustees consider that an audit is not required for
Ihis year un¢Jer section 144121 of the Charittes Aci 2011 (the 2011 Act) and that an independent
examinalton is needed.
Havillg satisfied wryself that the chanty 1$ not subject to audit under Part 16 of the CornpanBs Act 20L
and is eligible for independeftt examinats"on. il is my responsibility to".
Examine the accounts under seth.on 145 of the 2011 Act
Follow the procedures laid down bn the General DirectK)ns gNen by the Charity Commi$3ion
under seCt￿n 145151 (bl of the 2011 Act and..
Slate whether partiGular matter5 have come lo my attent￿n
Basis of indep•ndent examin•rs report
My examination was carned out in accordance with the General Direction5 givèn by Iho Charity
commiss￿￿. An examination includes a review of the accounbng records kept by the charty and
mparison ol Ihe accounts p￿sented wiifTr those records It also includes considerabon of any unusual
item5 or disc105ures in the accounts and seeking explanab'ons from you as trustees conceming any
such matters. The procedures undertaken do not provide all Ihe evidence that would be required in an
audil and consequently no opinion is given as to whether the accovnts present a true and fair view, and
the report is limited to those matters set out in the ststemenl bebw.
Independent examinerfs statemoni
In COnnect￿n télth my examinab"on, no matter ha5 come to my attents"on".
111 WThich gives me reaswabk cause to believe that in any material respect the requirements..
To keep accounting records in accordance with sectron 386 of Companres Act 2006, and
To prepare accounts which accord with the aGcountsng records. comply with the a¢￿untIng
requirements ol section 396 01 the Companies Act 2006 and wrth the methods and principles
of the StatetYEnl of Recommend￿ Prath'￿.. Acwunb"ng and Reporting by Charit￿$
Have not been met.. or
121 To which. my opinion. ?ttent"on sl¢ouhJ be dr&*m in order to enab￿ a proper understanding
of the accounts lo be ￿3¢￿e0
AlexandTa Hay9arth BFP ACA
Storey & Dodd Ltd Va Christian Dodd
Chartered Accgunlanls
2Ph June 2022

Upfront Arts Limited
Statement of Financial Activitie¥ {in¢luding Income and Expenditur• Account) for th?
Year Ended 30 September 2021
Unr¢striGt
Funds
Restrlcted
Funds
Total
Funds
2021
Total Funds
2020
Notes
Incomg and enflowmgnts
from
Voluntary Income
Actsvilie5 for genwabng
income
other ￿Corr* resources
42.036
12.741
42,986 29,212
12,741
22.083
1.672
1.672
2,423
Total income and
endowment5
56.449
950
57,399 53,718
Expenditure on".
Charitable activities
44.375
5,950
50,325 46,181
Total expenditure
44,375
5.950
50.325
46.181
Nel mveffEnls in fvnds
12.074
15.000)
7.074
7,537
Reconclllation of funds
Totsi funds brought fonward
Total fijnds carried fward
174.291
186,365
5.000
179,291 171,754
186.365 179,291
All ol the cttarity's activitses derlve from continuing operations during the above penods.
io

Upfrmt Arts Limitod
Company reglstrallon number." i)4547236
Balance Sheet as at 30 September 2021
2020
Flxed Assets
Tangibl&Ass8ts
249.207
211.646
CurrentAssets
Stocks and work In prcoress
Debtors
Cash at bank and in hand
350
317
2.445
3.112
120
18,764
17.199
10
Cr•ditors: Amounts
lalling due wlthin one year
Net cur￿nt liabllitles
11
68.438
62.842
32,355
186,365
179,291
l￿bIlitieS
Creditors: Amounts
falllng due aft•r mor• than
ong year
12
Nel Assets
The funds ofthe
R•stricted furbds
UTrre$triGted funds
Unrestricted Ir￿Me funds
5,000
186.365
174.291
Total tharity fuT
For the fnancial year ended 30 September 2￿21. tre Charity was entitled lo exemplton from audil
under sedion 477 of the C(Nnpanw Act 2(KA.
members not requlred th8 to obtsin an awjit of its accounts for Ihe year in question
in acc4)nlan¢e wilh seclirm 476 (* theAcL
diredofS ackrwledge their resp)nsbilitJes comptying Ihe requlrements of the Act wrth
These actgwjnts have been prepartyj in ac(xxdance wilh the appliCa￿e to companies
subieci to the small (x)mparHes regime.
Approved by the eoard 2P Jufte 2022 and siw on its behaw by".
L Hamilton
Trustee

Upfront Arts Limited
Notes to the Financial Statements for the Year Ended 30 Septsmber 2021
1. Accounting Policies
Summary of signifiunt contn)l ac¢ounting policies and key accounting gstlmates
The prinopal accounting pdKies in the preparalK)n of these financial slalements are
Sel out below. These policie5 have been wnsistenty applied to al the years P￿Sented. unless
olhetwise slated.
Statemenl of compllancfr
The financial stalemenls have been wepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommende(I Practice applicabk to chanlies preparing their accounts
in aCcOrdar￿ with the Financial Reportsng Standard applicable in the UK and Republic of
Ireland IFRS 102} (effective 1 January 2019) - (Charities SORP IFRS 10211. the Financial
Reporting Standard applKable n the UK and Republic of Ireland IFRS 1021 and the Companies
Act 2006
Basis of Preparation
The charitable company meets the definrtM)n of a publ¢ benefit entity under FRS 103. Assets
and liabilities are initially recognised at historKal cost or transaction value unless otherwise
Staled in the relevant accounting policy notes.
Going concem
The cont￿Usng Covhd-19 pandemic the adverse effect of lockd(Mns on the charities ability to
carry out pertormances an¢ welcome visitor5 have resulted in lower income from puppet shows,
performan￿5 and puppet sales However. thje to the grants secured from govemment grants
and olher organisatsons in the ￿ountIng period and subsequent penod. the trustees feel
suff￿lent funds have been receNed to replace Ihe lost income suffered. Wrilten confirmation
was re￿1ve{l by the trustees to gain assurance that the private loan of £38.220 will not
recovered in the following 12 months from the date ol these financial slalements
In IvJht of the al)ove assessment. these finanual ststen*nts have been prepared on the going
oncem basis.
Fund accounting policy
Unrestricted income funds are general fvnds that areavailable for use at the trustee's discretion
in furtherance of the objectives of the charity
Re51ricled ineome funds are thos2 donated for use in a particular area or for specrfK purpose5,
the use ol which is reslricled lo thal area or purpose.
Further details of each fund are dksclosed in note 15.
Income and endowments
Donations are recognised when the charity has been notifEd in writing ol both the amount and
5ettternenl dat8 In the event that a donation 15 subject to conditions that require a level of
performance by the charity before the charity is entilled to the funds. the income is deferre
an¢J not fe¢ognised until either those conditions are fully or the lulfilmenl of Ih05e
corK¢ilions is wholly within the control of Ihe charity, and il i8 probable that these condilions will
be fvlfilled In the reporb.no period.
Legary gifts are recognised on a case-ty-case basis folk)wing the grant of probate when the
administralorlexecutOT ft)r the estate ha5 cornmunuted in writin9 bglh the amount and
seitlemenl Oale. In the event that the gift Is in the forrn ol an asset other than cash or a financial
asset traded on a recognised Stock exchange. recognilK)n is subject lo the value of the gift
being reliably measured with a degree of reasonable accuracy and the litle lo the asset havin9
been transferred to the Charity.
12

..conb"nued
Shop income and incom8 dgrived Irom events i8 recc*Jnised as eame(I Ithat IS, 3$ the related
goods or serV￿eS are provided)
Expendlture
Liabilities are recognised as scon as there rs a legal or conslruclive obligalion committing th8
tharity lo Ihe expenditure. Atl expenditure is accounted for on an accrua15 basis and has been
cjassffied under heading5 that aggregate all costs ffjlaled lo the category.
Charitable expendrture compnses those costs incycred by the charity in the delivery of 115
acthvitie5 and servfGe5 for its beneficianes. 11 includes l)olh costs that can be allocated directly
lo such activities anrj those costs of an indirect nature necessary to support them.
Support costs
Support costs include central fun¢lions and have been allocated lo activity cost categories on
a bas15 con51Stenl with the use of resources. for example, allocating property costs by floor
areas, or per capts. staff c03t3 by the lime spent and other costs by Iheii usage.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was
incurred.
Taxation
The charty 1$ considered lo pass the tests set out in par39raptt 1 schedule 6 of the Finance
Art 2010 and Iherelofe meets the definibon of a charitable company lor UK ¢orporab"on lax
purposes. Accordingly. the charity is potentially exempl from taxation in respect from income
or capital gains received within categories wvered by Chapter 3 Part 11 ofthe Corporation Tax
Act 2010 or Sects'on 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such
inome or gains are applied exclusivety lo charrtable purposes.
Fixgd assets
IndNidual fixed assets costing £1CKI or more are inib'alty recorded at cost
Depreciation
Depreciation 15 provided on tangible fixed assets to write off the cost or valuation, less any
eslimaled resisJual value. over their exFecled uselul eeonomic life as fgllows..
Land and buiklings
Straight line over the refft4ining term of the18ase
Plant and Machinery including 10% and 25% reduang balance
Motor vehides
Ixtures. frtiin9s and equipment 10% and 25% reduong balance
Stock
Stock is valued at the lower of cost ar*d nel realisable valve, after due regard for obsolete an
5bw moving stocks Nel realisable value is based on selling price less antscipaled costs ID
completiThn and selling costs. Items donated for resale or d15tn"bub"on afe not inclLKled in the
financial statements until they are sold or distributed
Trad• debtors
Trade debtors are amunts due from ¢u5tomors for merthandi$8 sold or services perfarmed in
the ordinary cou15e of business. Trade debtor5 are recognised initialty at the transacb'on price
They a￿ subsequently measured al amonised cosl using the effective Interest method, le55
provision for impairment. A provision for the impalr￿￿nt of trade debtors in estab115hed when
there is objective evidence thtl the charity ￿11 Ml be able to collect all amunts due accoroing
lo the original terms ol the r￿l¥able$.
13

. CDnDnu8d
Cash and cash equlvalents
Cash and cash equivalents ¢￿pIse cash on hand and call deposits. and other short-term
highty liquid investments that are readily ConVe￿"bIe lo a known arnounl of cash and arg subject
lo an insignfficant risk of change In value.
Llabilities
Trade credilots afe obligalions to pay for gcK)d$ and servKes that have been acquired in the
ordinary course of bvsiness from suppliers. Accounts payable are classified as current liabilities
if the charity does not have an unconditsonal right. al the end of the a¢countsng period, lo defer
settlemenl of the creditor for al least fvlelve months after the reporting ijale. If there is an
unconditional n9ht lo defer settlement for al least ts¥el¥e month5 after the reporting date. they
are presented as non-current liabililbe$".
Trade creditors are recognised initially al the transacb.on priee and subsequentty measure al
amortiEed c05t Ustng the effectNe interest method.
FSnaneial Instruments
Financial assets and financial liatx"lities are recognised when the charity becomes a party to Ihe
contractual provhsions of the instrument. Financkfjl li8bilikn.es and eqLtity inslfument$ arg
classilie(l accotding to the substsnce of the contractual arrangement entered into. An equity
instrument is any contract that evidences a residual interested In the assets of the Gharity after
(leducting all of Its liabilities
All financial assets and l￿bilItieS are initially measured al transaction pr¢e (including
transaction costsl, except for those financral assets classifBd as at fair value through profil or
loss, which are initially measured at fair value Iwhth is nomially the transaction price excluding
transaction costs). unless the arrangement constilules a financing Iransaction. If an
arrangement conslilules a financing transaction. the ftnancial asset or financial liability Trs
Measu￿ al Ihe present value of the lulU￿ payment5 discountett al a market rate of interest
for a similar debt instrument
2. Don4t10￿ and legacle8
Unrestrlcted
Funds
Restricted
Funds
Total Funds
2021
Total Funds
2020
DoTratlons •nd legacigs
Appeals and donations
533
533
312
Granls
UK government grants
Grants- other agencies
39.403
39,403
10.000
2,100
950
3,050
18.900
41.503
950
42,453
28.900
42.036
950
42,986
29.212
Afi the donaltons and legxte5 income in 2020 related lo uftrestn"¢ted income.
14

.. continued
3. Activities for genefatlftg funds
Unrestrfcted
Funds
Restricted
Funds
Total Funds
2021
Total Fund3
2020
Puppet and merchandise sales
Refreshment sales
2,066
1.956
1,287
656
656
Puppet shows and Gon￿rts
Workshops
Room Hire
9.008
9.008
17,615
350
350
1.225
660
12,741
12,741
22.083
All other trading xlNlties Inwme In 2020 reL3ted to unresthcted fvnds.
4. Other In¢oming resource5
Unrestricted Rfjstricted
Funds
Funds
Total Funds Total Fund$
2021
2020
Other income
1.672
1.672
2.423
1,672
1,672
2,423
All Other incont ￿erVed in 2020 related lo unrestricted fvnd$.
15

..continued
5. Exppnditure
Charltable
activities
Totsl
Tot•1
2021
2020
Dlrect costs
Materials
3.459
3,459
5,768
771
Refreshment purchas
Workshop costs
Puppet and merchandise purchases
Puppeteer Costs
Research and travel 8XPgnses
Insurance
673
673
55
534
534
1.185
4.128
4,128
6,316
1.100
3.021
3.021
3.356
Repairs and lene￿dL%
Postage, stationery and adverttsing
Tra¢le subscriptions
Sundry expenses
Consultancy fees
1.769
1,769
2,413
1.372
1.372
3.543
448
474
64
195
16.114
16,114
25.176
Support C￿ts
Accountsncy Fees
Independent examinerfs lee
Bank charges
Loan interest
2.430
2.430
2,253
650
650
630
536
536
982
600
600
975
Irrecoverable VAT
10.570
10,570
Depre¢iabOft
19.426
19.426
15,165
34,211
34,211
21.005
50.325
50.325
46.181
All of the gxpendilure in 2020 related lo Un￿StrICted funds
6. Governance costs
2021
2020
Accountancy fees
Independenl examine¢s lee
2.430
2.253
650
630
3,080
2.883
16

..￿ntinUed
7. Tru8tee'$ remuneration •nd expenses
No Iruslee5 receNed any remuneration and expenses during Ihe year.
Net Inct)mel{expend5turel
Net 1ncomellexpenditu￿I is stated after ch*ging.'
2021
2029
Depreciation of tangible fixed assets
19,426
16,574
19,426
16.574
9. Tangible Ilxed assets
Leasehold
prO￿rtY
Plant and
machinery
Including
Motor
vehKI8s
Flxtureg.
r￿Ing$ and
•quipment
Total
Cost
As at 1 October 2020
394.151
40,451
78.491
513,093
Addiknons
54.552
250
2,184
56,986
As al 30 September 2021
448,703
40,701
80.675
570,079
Dgpreclation
As 311 October 2020
219.592
30,475
51.380
301,447
Charge fof the year
at 30 SeptembpJ 2021
15,879
235,471
1,036
2.511
19,426
31,511
53,891
320.873
Not book value
As ai 30 September 2021
As al 30 September 2020
213.232
9,191
26,784
249,207
174,559
9.976
27.111
211,646
17

..continu8d
10. Dgbtors
2021
2020
Other debtors
317
3,764
Prepayments and accwed inGovT
15.000
317
18,764
11. Credltor5: Amounts falllng Oue wllhin ¢)ne year
2021
2020
Bank kians and overdrafts
Trade creditors
650
6.358
Other creditors
62.313
59.720
Accruals and deferred incoff
2.990
2.360
65,953
2,883
.12. Creditors: Amounts falling due after more than one year
2021
2020
Other creditors
13. Members Ilability
The charity is a private company Iimiled by gu8rantee and consequently does not have sha
capFlal. Eath ol the members is liable lo contnbute an amunt not exceeding £10 towards the
assets of the charity in the event ol Ivjuidalion.
14. Related partles
Controlling entlty
The charty Is controlkd by the trustees who are all directors of the company.
18

..conlinued
15. Analys1$ of ltsnds
Asat1
October 2020
Incomg
resources
Re50urces
expended
At30
September
2021
G￿eral Funds
Unrestricted inco￿* fund
174291
56,449
{44,375)
786,365
R•strfctgd funds
Restricted
5.000
950
15.9501
150,3251
179,291
57,399
186.365
Prfor porlod
Asat1
October 2019
Income
Re¥ource¥
expendtd
At30
S•ptember
2020
General Funds
. unreSt￿¢1ed income fLSfKI
166.754
53,718
146,1811
174,291
Re8trlct•d fund3
Youth Theatre
5,000
171,754
53.718
(46.1811
179,291
19

..conlinued
16. Net assets by fund
Unrg$tri¢tgd
Funds
Restricted
Fund8
Total Funds Total Funds
2021
2020
Tangible assets
Current assets
249,207
249,207
2,881
211.646
2.881
36,083
Creditors.. Amounts falling
due within one year
Codilors.. Amounts tslling
due after more than one
year
165.954)
165,954)
168,438
Nel assets
186.134
186.134
179,291
Prior Period
UnrestFlded
Funds
Resirfcted
Funds
Total Funds
2020
Total Funds
2019
Tangible assets
Current assets
211.646
31,083
211,646
36,083
225.472
6.298
Creditors.. Arrnunls falling
ue within one year
Creditors.. Amounts falling
due after more than one
year
(68.4381
168,4381
158,5161
(1.5001
Nel as5els
174,291
5.000
179,291
171.754
20