Upfront Arts Limited (a Company 11m1t by guarantee) Annual Report and Flnanclal ststements 30 September 2022 Company r•gl•trallon number: 04547236 Charlty reglstratlon numbor. 1153089
Upfront Arts Llmlted Contsnts Reference and administrative details Trustee's report Trustee's responsibilities in relalv)n to Ihe finarKa81 stataments Independenl 8xaminerfs rawrt ststemenl of flnanc181 BCtNitles Balanc8 sh8el Notes to th8 flnanclal statements
Upfront Arts Limited Reference and Administrative Delails Charlty name Upfront Arts Limited Charlty roglstratlon number 1153089 Compony reglstratlon number 04547236 Prlnclpal offlce Upfront Gallery Hutton In Th8 For6st PENRITH CA119TG Rogl8tgrod off]ce Upfront Gallery Hutton In Th¢ Forfrst PENRITH CA11 9TG Tru¥t••$ S Allan PHD K R Baker M A Baker J Clark B Fellowes S P Ghafoor OBE Ireslgnedl L M Hamilton G Hunt P J C M8cQue8n A K Mccaw K Norman Secrntary D E P8rkln8on Bankgrs Cumbad8nd Building Society 15 Mlddlegale PENRITH CA11 7PG Account•nl Slorey & Dodd Ltd Unit 10 Cumbria LEP Redhills PENRITH CA11 ODT
Upfront Arts Llmlted Trustees, Report for the Year Ended 30 September 2022 The directors and trustees for the purposes of the Companies Act have pleasure in presenting their report and the financial slalements of the charity for the year ended 30th Septembèr 2022. The flnandal ststemÈnts hav6 been prepared In 8ccord8nce wlth the accounllng pollcies sel out In the notès lo th6 a¢¢ounls and Comply with the charfty's goveming document. the Charities Act 2011 and Accounting 8nd R8porting by Charities.. Ststemgnl of Recommended Practice applicabl8 to charities preparing their accounts in accordance with the Financlal Reporbng Standard applicable In the UK and Republlc of Ireland. Govemlng Docum•nt Upfront Arts Llmlted Is a ch8rftsbl8 company Ilrnhed by guarantee, Incorporated on 27th September 2002, and amended by special rgsolulion on 24th July 2013. 11 was registgred as a charity on 261h July 2013. The company was established under a Memorandum of Association which 8Stablishèd the objects and powers of the charitable company and Is governed undgr ils Artlcles of AssocialS0n. OblgCtIvg8 The principle actlvty of the ch8rity in the period under review was thAI of 8dvanclng the èducatlon of the public and promollng the art of mask, mime and pupp81ry by 8uch means as the Iruslees think fil Induding p8rfomian¢e. work$hop$ and 1oa¢hSng. The koy oble¢llv¢$ In¢lude'. To advsnGe the art forms of mask. mlme and puppglry and To promote th8 art of ma8k, mime and puppetry through exhlbltlon8, performance, work8hops and lèachlng. Truslg Tha dlr&¢lors of the company are also th8 charlty Irusl88s for the purpo88 of charlty law. Any person can be admilled as a Iruslaé of the charity providing all other Iruslees giv6 Ihair approval. The Irusle8s of the charity are responsible for the appointment of the company secretary in accordance w4th th8 Act. Trusl86'$ 8rg appointed to the charfty by Invllallon followed by elecllon al board maeling8. New board membgrs ar8 sought lo strengthen th8 ability of the charity lo cary out its remit. The board seeks to develop 8klll ba88 8nd knowledge by attending relevant ¢ourse8 where possible. All board membèrs arè required lo sign a tru$le8's declaration. Rlsk Manag•m•nt The Board of Trustees periodically conducts a review of the m8lor rfsk8 lo whSch the charlty is 8xposed 8nd develops miligglion strategies. A statement of the major risks and 8ny appropriate systems and procaduro$ lo miligale th9se risks are included in the Strategic Plan and Board Policy Manual. The board recognises that a failure lo meet revenue targets Creates a risk and a strategic plan is in place to gonerate more income. The development of an on- sile interactive puppet museum and shop Is underway, with showcasès installed during lockdown. The organisation is aware of Its responslbllllles regarding health and safety, child prolectlon and employment law. The Board Policy Manual is rgviewed quarterfy.
Upfront Arts Limlted Trustees, Report for the Year Ended 30 September 2022 Publlc Benellt The trustees confimi that they have complied the duty in Secbon 4 of th8 Charities Act 2006 to have due regard to publlc benefft gUidCe published by the Charlty Commtissi¢. Th6 tru8t688 b8li6V6 that the earylng out of the alms of the chwity provides a public benefrt in numbèr of areas, induding the [ThiSn of •dution and the wom0tl of the art fomi ol puppgty. The chaty has provided a new theatre. wlth ShOp rescNJre4s in a rural area wilh ftjll accessibility. P8rformanca8 have b88n provklad for the g8neral put4ic and 8chools. Pracucal work8hop$ hav6 baen provhJ8d In mask making and camivals for schools and the wer eommunlty, notsbly a we8k of vLsits to ten schcds in Carfisle, resulting in thè ttethn of some 800 pupp61s. R•vl•w of dovolopmonts, actlvltS•• and achlov•m•nts Durlng th6 year the company presented 'Pinocthio' In thé 8umm6r and Th8 Snow Qu88n' al Chrlslm•s. A pupp8t festlval pbnn¢d for autumn was cancellod duè to thé de8th of the quèen lust prfor lo th8 event. Performers booked for thè f851tval klndty agrèad lo th8 resd)aduling of dales latèr In 2022 and into 2023. Fundratsing music eoncèrts continued lo be slaged throughout the year. Developments also progressed on the creation of the pupp8t museum and all going well, post difficulties in 80urcing essenlial m8tèrioL8. rt will opon la10 2023 Fulure Plans The charlly will 818ga more p6rfom)anc8s by vl6ib.ng o)mpani88 during tha year ahead, uslng the allocated funding remaining from the cancelled festival. Thg plan lo open the museum will move forwards. The D)Ilectitin has b8&n archived and split into sections according lo country of origin and puppet typo. Tho gxhibition wll be trtjod "Pupp81 Storigs ' and 11 will focus on glove puppets, rod puppets, marionettes, shadow puppets and toy theatres. Penrlth Lottery have kindty allowed us to use the funding they gave towards the cancelled Puppet Festival, lo now bè used lo purthase the required Ihting for thg museum disF4ay cases and grAphicB. MuBoum oponin9 1$ plonn•d for E&$t•r 2024. The charity will conlnue lo $18ge thelr own 8e88on of pupw Show8 8t Chrlstrna8, Summer and Easter. School perfomiances In De(mbèr 2022 were very successful, the b8818lnce Covid, go it 18 hoped lo build on this ond aehi6vo moro t*)oking$ for Docombor 2023. Flnanclal Revlèw Tha lolal Incoming resources ft)r Ihg year amounted to £87,587 (2021 £57.399}. Ot thSs amount £NII 12021 £9501 was restrlcted funds for specmlc projects. Total expenditure was £74,960 (2021 £50.325). of whlch £Nil (2021 £5.91) wa8 restrfcted. The major expenditure which the chartty incurs is that of wages, prJu¢ll0n ¢x>sts induding stage building and pupp8t making and depreoation. The depreciation figur8 reflecis the dlminishing lease whkh the th&atre bullding has, for the land on which ft Is built. The chartty has a peppercom lease which has been eXteIed up to March 2032.
..continued Oxtending th8 orKJinal lease ueated in 2012 by 10 years up to 2032. Accounting Wac1 dthtes the cost of the building is depfectated over the tem of the lease and by extending the lease, the rale of depreaalion has b99n sIved. Th8 total funds of the charlty at 30 Septambar 2022 wer8 £198,99212021 £186,365), of whkh £n {2021 £nill were rostricted. Reservo8 PolS¢y The trustees have r8vlewed the chartys needs for reseryes in line with the guklanc8 i$5uad by the Charity Comm188bn. Thg poliry of the trustees is to gnsurg that finandal resources are sufficient to cover the projected op8rallon and devglopment fvndlng n88ds of tho tharity with somg dryree of116xlblllty to allow for potential conlingencles. Funding ha$ bgen seojred towards the staglng of th¢ Puppet fostlvol ev8nt end toward$ in¢x6ased a(fvertK81ng to rai8e awareness of the aL#ivitses of the Charity. The prolected Income stream from the onsit6 PUPFet museum and from the onslte dgdicalod shop vlll conlrlbute to the financlal stsbilty of the chanty and will help to estsblk8h 8 reserves fund for tha luture. At th6 yoar end there was a deficii on free r86erV of£35.9)4 (2021 £62,842).
Upfront Arts Limlted Tnwleos. R•port for the Year Endèd 30 Sofftbgr 2022 Small ¢1PnY provisions Companle6 Act 2C(6. Apwov8d by the Bcwd on 20rJ sbwl on its bthlf by: L Hamllton 3pJ June 2023
f20
Upfront Arts Llmfted Trustees, Responslbllltles In relatlon to the Flnanclal Statements The tnJ$tse$ (who are also direcaors of Upfront Arts knmited for the purposos of ¢ompany lawl are ponslble for preparing the Trustees. Annual Rew)rt and the finanaal ststements in ac¢ordan¢e wlth appliGable law and Ihfj Financial Repo.ng Stsndard 102 The Financial Reporting Standard applicabl8 in the UK and Ropublic of Ir8laMI'. Company law r8quir88 th8 Irusle8s to prepare financial stslements for each finanaal year whh glve a true and fair view of the slate of affairs of th8 charitable company and of the incoming r8sourc8s and appllcatlon of resources, induding In)me and exp8ndlture, of the charttat48 company for that perfod. In preparing these Ilnanclal statements. the tnjstees ara to: S8lect surtable ac(x)unting policies and then appty th8m c4)nsistenty. Observe the methods and principth in the Charities SORP., Make judgements and estimates that are reasonab and prud8ntr. stste whèther applicable UK a¢nting standards have been folbwed, subject to any matedal dapartures disckjsed eXplaid in the financ ststements,. and Prepare the firtarKial ststements on the golng concem basis unloss 1118 Inapproprtate to pr88um8 that tho ¢hartt8blg 9)mp8ny wlll cLnl In bu81n888 Th8 tnJstee$ are rgsponslble for keeping proper aCcx)Unng records that d18cIo8e wlth roasonab18 accuracy al any tlme thg financlal posillon of the tharltabk8 cg>mpany and 8nable them to ensure Ih8t the flnancial $tslernenls compty with the Companies Act 2006. They are also responSie for safeguarding assets of the charitable company and hon¢0 for taklr•J raa80nablg slgps for the pr6vention and detection of fraud arKI othor irrngularilios.
Independent Examino¢s Roport to the Truste8s of Upfront Art8 Llmtted I report on the acoounts of the company for Ihe year ended 30 September 2022. whkh are Set out on pages 910 20. Ro8P•Ctlv• re•pon•lbllllleg of INt• and •xamln•r The tru81ees (who are also the directors of the company for the purrxe8 of c¢)mpany law) 8r8 respons• for the preparatK)n of the aco)unts. The trustees cSler that an audit is not requlred for this year under secalon 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examinat)n Is naeded. Having satisfied myselfthal the chority is not subj'ed to aLwJit undèr Part 16 of the Comp8ni88 Act 2006 and 1$ ¢llglble for Independent mIna0Th. tt Is my rosp)nsibllty to: Examln& Ihe under seclKJn 145 ofthe 2011 A<. Fdlow the procedures lakl d(AYn in tha General Direcon8 gfvon by the Charlty Comm1881on under section 145{51 Ib} of Ihe 2011 Acl and.. Stsle v4hether particuLqr matters h8ve to my attentlon 8a•l8 of Ind•pendgnt oumln•rn r•port My examlnatlon wa8 carried In Colae with the G8neral D4rKtiLTh glven by the Charity commi10n. An examlnalion includes a review of the accounts'ng r8cord8 kapl by the ¢harfty 8nd a compartson of the accounts presented with Ihose records. 11 also Indudag consldèration of any unusual Itèms or d15dosures in the accounts and sgekt'ng explanations from you as truste05 Mncerning any such matt8rs. The procedures undertaken do not provide all the evklenca that would be rgquiTrd in an audlt and consequently no opinion given as to ether the acJunI6 prosenl a true and fair vlow. and the report 1$ limlt8d to those matters sel out In the stal8menl below. Independent •xamln•rf8 •tat•m•nt In connaction with my gxamlnatlon. no matter has Comg to my attontlon: 11 } Imich gives me reasonabl8 L8& to that in any matér1 lo8t the requlrements.. To keep acnting re¢ord$ in a¢o)rd8n¢a wlth sa¢tion 386 of Companles Act 2006.. and To prepare accounts whieh aecord with thè a¢eountlng records, r#)mply with the accounllng requlrements of seCtn 396 of the Compan$ Act 2006 and wlth the methods and prlndple3 of the Statement of Reo)mmended Pr8di¢e.' A¢¢ounling and Reporting by CharMes HAV• not b••n m•*: or 121 To whlch, h my oplnlon, attention shwkl b8 drawn In i>rder to •nat48 a proper undorstandlng of the accounts lo be reached Alexandra Haygarth BFP ACA Storey & OcMJd Ltd Va Chrbtlan D Chartered Accountsnts
Upfront Arts Llmlted Statsment of Flnandal ActM11 Vncludlng Income and Expenditure Account) for the Year Endod 30 Soptèmbar 2022 Totsl Funds 2022 Total Fund• 2021 Funds Funds Incom• and 8nd¢>wm•nts from Voluntary Income Activitie5 for generati incomg Other income resourc 33,380 51,821 33,380 42,986 51,821 12,741 2,386 2.386 1,672 Total Income and endowments 87.587 87,587 57,399 Expendllure on: Chadtsbla acti110$ 74.960 74,960 50,325 Total expenditure 74,9 74,960 50,325 Net movements In fund8 12,627 12,627 7.074 Reconclllatlon of furKI• Total funds brought forward T¢)tsl lunds Carr forward 188.365 198,992 186.385 179,291 198.992 186.365 All of the ¢harity's actlvltle8 derlve from ¢ontinulng opwation8 duty Ihe above perlods. io
Upfrnnt Arts Llmlted Company registration number. 04547236 Balance Sheet as at 30 September 2022 2022 21>21 Flx•d Ass•ts Tangible Assets 234.896 249.207 Current Assets StsKks and work in progress Debtors Cash at bank and in hand 350 317 2,445 3.112 10 2,572 24,820 27.742 Creditors: Amounts falllng du• wlthin one year Nèt eurr•nt liabilities &5.954 62.842 Total assets less current 198,992 186,365 Creditors.. Amounts falling due after mor• than one year 12 Not A$s•ts 186,365 Th8 funds ofthe charity-. Restricted funds Unrestrlctod funds Unr8StriLted incorrE funds 198.992 186.365 Total charity fund5 198.992 186,365 Forthe financial yearended 30 September2022. the charitywa5 enty'tl to exemption frorn auditund8r 8ectron 477 ofthe Companies Act 2006. ThB mernber5 have not requTred the charity to obtain an audit of its 8G6Y)urts forthe ye8r in question in a¢coraan¢e wtn sethon 476 01 tne Aa. Th8 dir8Ctor5 acknowl8dga thalr responsbbilltS for mn9 wlth the requir8merrts of th8 Act with respect to a(£ountin9 records and the preparation of aCunts. Thesa actounts have been pd in accordan wth the provislons applIcabtr)cornpanIÉs 8ubje to the small companles wlme. Approved bythe Bosrd Jwie 2023 and on its behawby.. L Hamllton June 2023 li lof20
Upfront Arts Llmlted Notes to the Financial Statements for the Year Ended 30 September 2022 1. Accounting Policies Summary of signfflcant control accountlng poll¢ies and key accountlng estlmate8 The principal accounting policies applied the preparation of these financial ststements are set out below. These polie$ have been colSten11Y applied lo all the years pres8nled, unless othetV4i8e ststed. Statèmènt of complTan The financial statements hav8 been prepared In accofflance wlth Ae£ountlng 8nd Reporting by Charities.. Slalemanl of Recommended Practth appliCae to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {8ffective 1 January 20191 (Charities SORP IFRS 10211, the Financial R8portiNJ Standar(l apfAicable Ni the UK aThJ RepublK of Irdand IFRS 1021 and tho Companias Act 2006. Basls of Pr•p•ratlon The ch8rltsble ¢omp•ny moets the deflnrtth of a publk benefft entity under FRS 103. As8818 and Ilabllrtles are inlti81ty recognlsed al hlslorlcal c08t or transactlon value unless otherwlse ststed in the rèlevant 8¢¢Lwntkng Th)tO8. Golng ¢oncwn In spite the diffiGulties of Covid-19 and ¢t of living crisr¥ aff8ciing the sndITg of th8 public. the Iruslees feel sUfficnt funds have been falVed In the way of grants and performance sales to SUPF<Jrt the charity into the future. The privatè h)an of £40,283 11 be recovered in small monlhty incTem8nts, startirbg from earfy 2023. In1Sghl of the ab¢)ve 8ssassm•rt. these flnano81 stateMts have been prapared on thè golng onceTn basls. Fund accountlng poll¢y Unreslrfcted Income funds are general fundsthat we avallable forusa at the truslee'8 dlscretlon in furtherance of thg oblgdiv9s of the charlty. Rostrlcied IrQme fvnds aro those donated lof U8e In a p8rtlcul8r area orfor specMSc purpo888, the use of whi¢h is r¢$tri¢ted to that area or purpose. Further details of exh fuThl are d48ck)sed In note 15. Income and ondowment8 Donatlons are racx)gnised when the charity has been notifi8d In wrtttng of both the amount and setuement date. In the event that a donation is subJ'8cl to conditions that requir8 a level of performance by the chanty b•for6 tha tharty is antrflad lo the funds, the ineomo 18 d6ferred and not recognisad unts'l either those condrtlons are fulty mel. or th8 fuffilmant of those conditions is whdly wtthin the control of the charity. and r( h pr(thble that th68e condltlons will be fulfillèd in the reporting period. Legacy grfls are recc4Jnlsed on a LY8e-byryc8se ba$1$ ft11ovng the grant of probate when the 8iJministralorlexecutor for the estste has MmUnated In wrrting l)olh th8 amount and setuemenl date. In the eventthat tho gtft is in the fomi of an asset other than cash or a financi81 asset traded on a recognised Stock exchange. recognthn is subject to the value of the gift being reliabty measured with o degree of reasonab a(r8¢Y and the tide to Ihe asset havlng been transfarred to the Charity. 12
..continu6d Slwp income and irthme derived from events is recognised as eamed (that is, as the related grJYs or servicx are provided). Exponditur• Liabilitie5 are recogni5ed as soon as ther8 Ls a g81 or cLThtructive obligation commlthng the charity lo the expenditure. hjl expendtture is accounted for on an accruals basis and has been classrfth under headings that aggregate all o)sts relabj to the CAt8gory. Charfl8ble expenditure (tsmprises those costs Incurred by the charfty In tha delivery of ils a¢liviti¢s and services ts its beneffiaarles.11 in¢ludss tL)th costs thal can be allcKated direGtIy to such activities and those of an indit nature nac8ss8ry to support thém. Support costs Support costs indude central fvnctions and have bo8n allocated to activity cost calewries on 8 b88is consistent th the use of resources. for exampl&. allocating propety costs by tloor areas. or per capita, staff costs by th6 timo SPWIt an(1 othw sts by their u88p, Irrncov•rnbl• VAT Irrecoverable VAT is ch8rg8d against the categw of re8curco8 Oxpondod for whlth It was Incurred. Taxallon The chadty Is o)n$thred to Poss tho tests sot wl In parknjraph 1 schedule 6 of t Fln8nc8 Act 2010 and therofore meets the definrtion of a charitable company for UK corporation tax purposes. Accordingly. tho charity 18 Wentkqlty ex8mpl from taxatn in respect from income or c8pi181 gain¥ receivéd within categories covered by Chapter 3 Part 11 of the Corporalk)n Tax Ad 2010 or Sectr'on 256 of the TaxatSon of Ch8rgeabl8 Gains A¢t 1992. to the extent that such Incom8 or ga5ns are applled eXduV8IY to charltable purposes. Flxed a••ets IndlvSdual flxed assets cosllrvJ £100 or Inldally recordod at ¢¢>BL Deproclatlon DepreCIaOn 18 provlded on tarvJlble fixed assets to wrlle off tho cost or valuatEon, less any estimated residud Va8. over their expècted usthil economlc lffe a8 follows.. Land and buildings Straight line over the remaining tem oflhe Plant 8nd Machinery induding 10% and 25% reducing balanc Motor vohicles Flxiuw, fftdng• •nd •qulpm•nt 10% •nd 2S% r•duelng b•lonLxb 8to¢k Stock is valued al the lower of cost and net realisable value, after due regard for obsolete 8nd slow mowftg stocks. Nel mlisae value r5 based on selling pn less anticrpaled costs lo ¢omplefjon and selling costs. 118m8 donale(I for rwsal? or distribution are not Includgd in the flnancl818talements un4 they are Sold or dL8ts1but8d. Trade debtors Trade debtors are amounts due from customers for Thrth8rKILse soky or serV1t perfomied In the ordinary course of business. Trade debtors are recognised inrtially at the transaction price. They are subsequenty me8sured * amortised cx)st using the effectNe interest method, less proVisn for impainnenl. A provision for the irnpairment of trade debtors in estsblished when there is objectN8 evidence that the tharity will not be abkn to ¢ollect all amtyjnts dua aceofding to the original tem)s of the receivables. 13
..contlnued Cash and cash gqulvalents Cash arKI cash equrvalents c¥¥mprw cash on hand call dep05iLs, and other short-tem highty liquid investments that are readity converbble to a known amount of cash and are subj.ect lo an insignificanl risk of charye in value. Llabllltles Trade creditor8 8re oN1gati3 to pay for g)Jds and Services that have baèn acquired in tho ordinary course of bu$lness from suppliers. Ac£x)unts pay88 are dassifie(l as current liabilrties If the ch8rfty d12es not have an uncondltional right. at the erKI of the accounting peric, to defer sgthernent of the crèditor for at least twelve months aft8r the rew)rting dale. If there is an uncondttional righl to defgr setdement for at least twelve r7vJnths after the repjrts'ng dale, they arè presented as nonvcurrent liabilili8s. Trade crodrtors are reccqni8od initiany at thg transaclion pri( arKI $ubwugnty m8a8ure at amortised cost using th6 8ffecUve Interest method. Fln•n¢l•l Instrumonts Flnancl81 assets aTrJ finale1 Ila111tth ar• re¢ognls8d vth8n the ch8rlty b8com•s 8 party to tha contraclu81 pri)visions of the instruThnL Financial liabilities and equity Instruments are classified accordiNJ to the substsnce of the wntraciual arrangement entered into. An equity instrument is any Contrad that evbdences a residual interested in the assets of the charity after deductsng all of its liabilas. JI financial assets aTrJ liabilib"88 are inallY rrsUred al transactlon pd¢a (Including transaclion coslsl, except for thos8 financial ats d8ssffied as al folr valug through profft or loss, which are Inltially measured al falrvalue {wthKh is nomally the transaction pn'ce excludlng tr8n3acllon c08181, Unl tho arrang6mt nStitUt88 a finandng trans8ctbn. If 8n 8rr8ngem6nt conslllutes 8 financlng transadon. the finarK6al asset or financS81 Ilablllty 18 mg8surgd at the prgsent valuo of the future payments discountgd at a markot ratè of inter8St for a similar debt instrumgnL 2. Don•tlon• and l•ga¢l Unrn•trl¢t•d Funds R•8trlthd Total Fund• Total Funds Funds 2022 2021 Don•tlon• and 1•g•01•• App8al8 and donatKM 713 713 533 Grant• UK govemment grants Gr8nts- other agenclos 27,667 27,667 39,403 3,050 5,000 33.380 33.380 42.453 33.380 33,380 42,453 AJI th6 dOnatiC and legacaes Income In 2022 rdat&l to unr8stricted inc)m8. 14
..continued 3. Actlvltles ft+r generallng fund Unr•strlct•d Rotytrlct Total Fund* Total Fund• Funds Fund• 2022 2021 Puppet and merchandise 8alas Refreshment sales 4.172 4,172 2,066 6.484 856 Puppet shosv8 and concerts Workshops Room Hire 38,294 2.721 38,294 2.721 9.)8 360 150 150 660 51.821 51.821 12.741 10th8r tradlTrJ 8Ctfvttles InccKn8 In 2022 relatwl to unrestrl¢tsd funds. 4. Oth•r Incornlng r•wurc•is Unr•strl¢t•d RtrIct•d Totsl Fund• Totsl Funds Fund• Funds 2022 2021 0th8r Inme 2,393 2,393 1,672 1,672 2.393 2,393 l Other Incom6 racéw Sn 2022 related to unrestricted funds. Is
contsnued 5. Expendllure Charitable activiti85 Total Total 2022 2021 Olrect costs Malerial$ 16,626 3,485 774 16.626 3,459 Refr88hment purcha Workshop costs Puppet arKI mercharvjisè wrchas88 Puppoloer Costs Research and travd expons Insurance 3,485 673 774 2.077 2,077 $34 15.667 15,667 4.128 1.686 1,686 646 2,730 3,021 Repairs and reneal3 Postsge. stationery adwertising Trade Subscriptn8 Sundry 6xpons•s Consultancy fees 4,195 4,195 1,769 4,222 4,222 495 1,372 495 448 $38 538 52.495 52,495 16,114 Support ¢ts Accounlan¢y Fo88 Independent examlnerfs fee Bank charges Loan Interest 2.530 2,530 650 2,430 650 650 1,180 1,180 536 600 Irrecoverable VAT 261 261 10,570 Depreciation 17,844 17,844 19.426 22,488 22,488 34,211 74.960 74,960 50,325 AJI of th8 expenditure kn 2022 relatsd to unrestricted fund8 6. Governanc• c¢>gts 2022 2021 AcwuntanGy fo0$ Independent examine¢$ feè 2.530 2.430 650 3.180 3,080 16
contlnued T. Trustse's remuneration and expens No trustees recaved ony remunerntion and oxpews during thè year. 8. Net Incomellgxp9ndlturo) Net incomel(6xpendrtUTe) is stated after ¢harglng: 2022 2021 Delat of tarKJlble ts8d awts 17.844 19,426 19,428 17.844 9, fanglbla flx•d a8••t• L•asehold Plant and ma¢hln•ry Includlng rnotor vehlclo• Flxthrns. flttlngs and oqulpm•nt Totsl Co•t As at 1 Ociober 2021 448.703 40,701 80,675 570,079 Additlon$ 3,367 3,533 573,612 al 30 Seplgmber 2022 448,703 80,841 D•pr•clatlon A8 at 1 O¢tobar 2021 235.471 31,511 53.891 320.872 Charge the year As al 30 Sept9mbgr 2022 14.213 1.516 2,114 17,844 249.684 33,027 56.005 338,716 N•t book value As at 30 September 2022 As at 30 September 2021 199,019 11.041 24.836 234,896 249,207 213.232 9,191 27,784 17
¢ontlnued 10. Debtors 2022 2021 Other debtors 1,354 317 Prepayments and accruad incom6 1,218 2,572 317 11. Cr•dltorx: Amounts falllng du• wlthln on• y•ar 2022 2021 Bank loans and ov8rdrafts Trad8 credrtors 929 650 Olh8r creditor5 56,654 62,313 A¢¢ruals and d01•rr Income 6,063 2,990 63.846 65.953 11 Cr•dftorJ: Amoun1• falllng du• aft•r morn than on• y•ar 2022 2021 Other credrtors 13. M•mb•r• Il•blllty Th8 tharity Is a privata company Ilmited by 9uarantee and ¢>Jnwuonlty do8$ not have share capital. Each of the memborn 18 Ikgblo lo contribute an amount not exceedlng £10 tOW8rds the assets of tho tharty in tho event of Iw]u4d8tty)n. 14. R•latsd partl•i Controlllng •ntity The charity is controlled by the trustees *l)o are all direct(Ys of the wmpany. 18
continu8d 15. Anatysls of funds Asat1 Octobor 2021 Incom• rg$ourcoS Rosources •xpend•d At30 Septembor 2022 G•norn1 Funds unr95tr1c income fund 186,365 87,587 (74,%0) 198,992 Res¢1•d fvnth Restrithd 186.365 87.587 {74.%01 198,992 Prior p•ri¢)d A•at1 Incom• Octob•r 2020 r•wur¢ R•¥oU •Xnd•d At30 S•pt•mb•r 2021 Gonernl Fund• Unrestricted Income fur 174,291 56.449 144,375) 186.365 R•#trlct•d fund• Youth Theatre 5.¢YJO 15,9501 (50,3251 179.291 57.399 186.365 19
..conlinued 16. Net usets by fund Unrostrl¢tsd R•strl¢tsd Funds Funds Total Funds Totsl Funds 2022 2021 TaThJible assets Current as88t8 234.896 234.896 249,207 27.742 27,42 3,112 c31t018.. ArThyJnts falll due withln one year Crgditors: Amounts fdling due aftgr more than on8 year (63,646) {63,6461 165,9541 Net assets 198.992 198,992 186,365 Prlor Porlod Unre8trlct•d R•strlct•d Total FundB Total Funds Fund8 Fund• 2021 2020 Tanglble assets Current 8888ts 249,207 3,112 249,207 3.112 211,648 36,083 Creditors.. Amounts lalling due within one yaar Credltors.. AJnounts falllThJ due 8ft¢r more than one year Net assets (65.954) 165,954) 168,438) 186,365 186,365 179,291 20