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2021-08-31-accounts

Company number 09544208 Charity number 1165649

Young People's Puppet Theatre

(Limited by Guarantee)

Report and Financial Statements

for the year ended 31 August 2021

Breckman & Company Ltd Chartered Certified Accountants 49 South Molton Street London W1K 5LH

Young People's Puppet Theatre

(Limited by Guarantee)

Contents

Page
Reference and Administrative Details 1
Trustees' Report 2 - 5
Independent Examiner's report 6
Statement of Financial Activities (including Income and Expenditure Account) 7 - 10
Balance Sheet 11
Notes to the Financial Statements 12 - 19

Young People's Puppet Theatre

(Limited by Guarantee)

Reference and Administrative Details

Constitution

The company is a private company limited by guarantee registered in EW - England and Wales, company number 09544208 incorporated under the Companies Act and its governing document is its Memorandum and Articles of Association. The company is a registered charity, number1165649.

Directors and trustees

The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.

Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.

The trustees during the year and since the year end, were :

James Anderson
Erica Perry
Martin Goodman appointed 28 January 2021
Joanna Kowalski appointed 14 October 2020
Jonathan Lack resigned 12 January 2021
Rachel Skingsley (Chair)
Rachael Southern resigned 20 August 2021
Lucy Stiles appointed 13 January 2021, resigned 9 December 2021
Emily Tanner
Jonathan Yong appointed 26 October 2021

Chief executive/day to day management

Jeremy Duschenes

Independent examiners

Breckman & Company Ltd, 49 South Molton Street, London W1K 5LH.

Bankers

Metro Bank plc, 1 Southampton Row, London WC1B 5HA. CAF Bank, 25 Kings Hill Avenue, West Malling ME19 4JQ.

Operation address

Trestle Arts Base, Russet Drive, St Albans AL4 0JQ.

Registered office

4 Selby Avenue, St Albans, Hertfordshire AL3 5EN.

Website

www.yppt.org.uk

1

Young People's Puppet Theatre

(Limited by Guarantee)

Trustees' Report

The trustees present their annual report together with the financial statements of the charity for the year ended 31 August 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The reference and administrative details set out on page 1 forms part of this report. The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Structure, Governance and Management

The Young People's Puppet Theatre is a company limited by guarantee, constituted in accordance with its Articles of Association. Each of the members has undertaken to contribute an amount not exceeding £1 towards the assets of the company in the event of the same being wound up and the assets being insufficient to cover its liabilities.

The company is managed by a Board of Trustees, which is made up of members whose appointment is subject to approval by the membership as a whole in a General Meeting.

Appointment of trustees

As set out in the Articles of Association, trustees are elected by the members or co-opted by the trustees to fill a vacancy in their number or as an additional trustee.

The Board gives periodic consideration to the desirability of appointing further trustees.

Objectives and Activities

The company is established to help students of school age to develop a wide variety of social and technical skills as well as fostering the disciplines associated with performance. It works to achieve these aims by leading students through the process of mounting technically demanding marionette productions. It also accommodates the involvement of older people in limited circumstances with notable social benefits to the participants.

The company publicises its activities through its website www.yppt.org.uk, via social media, and increasingly via word of mouth.

Achievements and Performance

Twelve projects took place during the reporting period in question. All of them went to normal completion except that because of Covid-related restrictions parents were not allowed into school to watch the performances live and had to be content watching live streams.

2

Young People's Puppet Theatre

(Limited by Guarantee)

Trustees' Report

The projects all started on time in September and puppets had been completed by Christmas. Set design should have started after Christmas but was delayed by the sudden decision of the government to close all schools in January 2021. In part because the Department for Education decided to cancel the Year 6 SATS exams, thereby removing from teachers a huge amount of pressure, it was possible to re-schedule later in the Spring all of the sessions that had been lost in the 10 weeks of closure from January.

Of note, we worked with three schools for the first time.

Mandeville Primary is a two-form school in St Albans. The puppets which a group of older people had begun to make in January 2020 for use at the summer school ended up being used in one of the projects at Mandeville Primary School, and a further set of puppets was made by Trustees and other members of the community in and around St Albans for the other project at Mandeville. The projects were successful and we will have been working with the school again in 2021-22.

De Havilland Primary is a two-form school in Hatfield. The projects run there were the first time we had worked with Year 4, children as young as eight years old. The projects were an experiment and we did not guarantee the school that there would be a successful outcome. In the event the children exceeded our expectations and were able to pull off creditable performances of Rumplestiltzkin and Keloglan but we found that the children's physical size presented some problems, making the projects very challenging for some of them. We would consider running projects again in Year 4 but only after simplifying some things and will concentrate on work in Year 5 and 6.

We ran two projects at Beechfield School in North Watford for the first time. Both projects ended successfully and we will have been running projects there again in 2021-22.

We live streamed all 12 productions, a process which involved a very steep short learning curve, once it became clear that covid restrictions would preclude external audiences. Most shows were broadcast with four cameras and over the course of the process both our camera angles and the sound quality were greatly improved.

The project at the Purcell school (which started in January 2020 and is not included among the 12 mentioned above) was further delayed because of Covid-related complications. It was restarted in June 2021 but then activity was re-suspended because of the pandemic and is expected to be completed during the 2021-22 academic year.

The summer school we had been intending to run in August 2020 at the Abbey Theatre in St Albans was not rescheduled for 2021 because there seemed too much covid-related uncertainty. We are expecting to run it in the summer of 2022.

The script writing competitions we had run in 2020 both came to successful conclusions, with a total of seven scripts being added to the library. Of the seven, one had its maiden outings in 2020-21, four will have had their premieres in 2021-22, and the remaining two in 2022-23. We also commissioned two new scripts outside the confines of a competition. One was completed during 2020-21, our first script relating to a specific major renovation grant funded by the Heritage Lottery Fund, which will premier in 2021-22. The other will also premier in 2021-22. It is a collaboration with the TV celebrity Martin Roberts.

3

Young People's Puppet Theatre

(Limited by Guarantee)

Trustees' Report

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Operations

We ended the year with two very exciting changes in prospect. One was moving our office to the Trestle Arts Base in St Albans, a process which began during the second half of August 2021. We have a small office and storage space, and will be able to run short and long workshops in the building.

The other was the hiring of a part time administrator who will have started work on 1 October and who will be taking charge of the increasing workload in dispatching materials for projects, and in social media management

Financial Review

The company remains in its initial phase and the Trustees' priority has been to ensure that its projects are run on at least a break-even basis. This has been achieved but for the time being the smooth running of the company's operations remains dependent on its Chief Executive Jeremy Duschenes.

During the period a small loss of £(1,871) was recorded on the charity's activities, as a result of which the charitable company's reserves are now decreased and there remains a deficit since inception of £(10,648).

The Trustees are pleased to note that in spite of the small loss recorded, the charity's fund-raising efforts for 2021-22 have been very successful, including two significant multi-year awards and that the charity has the prospect of being at its most healthy financially by the end of the 2021-22 financial year.

The Trustees note that the ability of schools to fund projects continues to be affected negatively by changes in the funding formulae applied by the Department for Education, and that the company is, and will continue for the time being to be, under pressure both to raise funds itself, and to assist schools in finding funds to support projects.

Reserves policy

During this period the company recorded a small loss but overall remains on a trajectory eventually to recoup the accumulated deficit in relation to its start-up costs. This continues to be funded by the company's Chief Executive, who has confirmed to the Trustees that he will not seek the payment of the sums advanced until such time as the company is in a position to do so. The Trustees are committed to not having the company undertake any activities or run any projects which are not fully funded, and as such while it may take some time to eliminate the deficit previously accumulated, there is no reason to believe that it cannot be eliminated and reserves then built up.

The Trustees consider that the ideal level of reserves to be held by the company would be six months' running costs and intend to work to achieve this position once the deficit has been eliminated.

Material events after the end of the reporting period

The Trustees are required to consider events after the period to which this report pertains which could affect the company's ability to operate.

4

Young Pwl• Puppet Th& ILknlied by Guar4nt••} COVILk19 During the peric#J September lo De¢wnber 2021, 14 projects ran withcmjt interruption with 407 puppet5 b￿n9 made. The imp¥t on Staff so far has been min¥nal. The importance of the aims of the charty are, if an￿ttl￿. slrengthgngj, the lockdown will have weakened children's sense of resi1￿nce, seW-confidenr£. and ability lo collaborate. The aventual resumption of projects is therefore likety lo be ol greater importane to the ben*k¥M. Insofar 88 the majority of fLtnding for 2021-22 is unrestrthd, and we expKt to b8 abkn to compl919 project8 wilh reslrKted funding. we are anbcipating that thè ￿deMiC wll have caused funding i$sue5. Al Ihts time of writing fund-raising hgd r¥)t been Thpaded and in fact the charity part￿1p91ed very 8uccessfully in The B VJ Give in December 2021, rai8ing nearly £15,(Y)0 ￿ainst a largel of £10,000. 8r•xlt The Tru8tees do not expect the departure from Ihe EU of tho UK to inpact on any asp￿15 of its operations or abilty lo fund raise. Golng ¢on¢•m The Trustees have reviewed the circumstances of the ccmnpany and ConS￿er that adequate resource$ continue lo be availab￿ lo fund the actmties of the c(mpany for foreseeable fLrtur•. The trustees are of the view that the company ts a going eoneem. 8m•ll ¢¢fflpany •x•mptl¢M• This report iy prepared in acc¢xd8nce vrilh the provisions crf the compan￿ Act 20C6 felating to small companie8. This report wag approved by the Board of Trustses on 4 April 2022 and sffjned on its behatf by 8klng•l•y Ch•lr of Tru•tM•

Independent Examiner's Report to the Trustees of Young People's Puppet Theatre

I report on the accounts of the charity for the year ended 31 August 2021, which are set out on pages 7 to 19.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

· examine the accounts under section 145 of the 2011 Act;

· follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 386 of the Companies Act 2006; and

· to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Graham Berry FCCA Breckman & Company Ltd Chartered Certified Accountants

49 South Molton Street London W1K 5LH

4 April 2022

6

Young People's Puppet Theatre

(Limited by Guarantee)

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 August 2021

Unrestricted
Restricted
funds
funds
Notes
£
£
Income and endowments from:
2
Donations and legacies - page 8
36,109
13,933
Charitable activities
Productions - page 8
13,528
-
Total
49,637
13,933
Expenditure on:
Charitable activities:
Productions - page 9
51,508
13,933
Total
51,508
13,933
Net movement in funds:
Net income / (expenditure)
)
(1,871
-
Reconciliation of funds:
Total funds brought forward
)
(8,777
-
Total funds carried forward
13, 14
)
(10,648
-		 2021
Unrestricted
Restricted
Total
funds
funds
£
£
£
50,042
29,094
15,300
13,528
6,658
-
63,570
35,752
15,300
65,441
34,366
18,742
65,441
34,366
18,742
)
(1,871
1,386
)
(3,442
)
(8,777
)
(10,163
3,442
)
(10,648
)
(8,777
-		 2020
Total
£
44,394
6,658
51,052
53,108
53,108
)
(2,056
)
(6,721
)
(8,777

The notes on pages 12 to 19 form an integral part of these financial statements.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

7

Young People's Puppet Theatre

(Limited by Guarantee)

Year ended 31 August 2021

Income from donations and legacies
Grants
Grants
Donations
Donations
Income from charitable activities
Production income
Income from productions		 13,933 2021
£
13,933
36,109
50,042
13,528
13,528		 41,824 2020
£
41,824
2,570
44,394
6,658
6,658

8

Young People's Puppet Theatre

(Limited by Guarantee)

Year ended 31 August 2021

Expenditure on charitable activities
Theatre
Production costs
Staff costs
Production costs
Support costs - page 10
Governance costs - page 10		 2021
£
31,930
25,643
57,573
5,768
2,100
65,441		 2020
£
30,900
8,036
38,936
11,172
3,000
53,108

9

Young People's Puppet Theatre

(Limited by Guarantee)

Year ended 31st August 2021

Support and governance costs
Office overheads
Telephone
Insurance
Computer
Depreciation of fixtures/fittings/equipment
Administration costs
Staff training
Travel/transport
Marketing
Sundries
Professional/financial
Legal/professional
Bank charges
Governance costs
Accountancy/consultancy		 2021
£
74
658
174
3,915
121
21
365
302
53
85
2,100		 £
4,821
809
138
5,768
2,100
7,868		 2020
£
74
598
11
4,244
2,792
217
772
-
2,464
-
3,000		 £
4,927
3,781
2,464
11,172
3,000
14,172

10

{Lknk•d by Gu•r•nts•) 8thnc• Sh••t 31 Augu•t 2021 2020 Flx•d I•￿tr T￿gIble assets 13,323 15,437 StLxks Debtors Cash at bank and in harKI 9,C(18 4,349 58.948 2,437 2,560 34.660 72.305 39.657 U•bllld Creditors.. amount$ falling due wthin one year 10 (96,2761 (63.8711 N•t curr•nt (Il•bllttl••> (23.9711 124,2141 Exc•M of curv•nt Il•bllltl•• ov•r totsl a•••t• (10.6481 (8,7771 Th• fund• ol th• charlty Unreslricled funds General fund Reslricled funds 13 (10,648 (8.7771 14 Total ¢hirfty fund• (10.648 18,77n For the year ending 31 August 2021 the company was enlrtled to exemption fr￿ audrt under 8ection 477 of the Companies Act 2006 rekting lo small cornpan￿. Directors, ￿PonsIbl1￿￿'. . The member5 have not requed the company to (thin an audit of its ￿cOUnt$ for the year in question in cordance wrth ¥edion 476., . The directors a¢kn¢xYledge their re8p)nsibilities for cWip￿'ng wrth the requirements of the Aet with respecl lo accounting reccKds and the preparat￿ of xcounts. These financial stalemenls have been prepared in aceordance Iwth the provisions of the Companies Act 2006 applub lo companw su￿.ect to the small ccfflpanies regime. The financial stathents were approv¢d by the 8o*d of Tnjstees on 4 April 2022 and signwj on its behalf IbL(d.- Emlly Tann•r IAartln Goodm The notes on ￿￿eS 12 to 19 fom) an integral part cl these ffinancial statements. 11

Young People's Puppet Theatre

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 August 2021

1. Accounting policies

1.1. Basis of preparing the financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (issued in October 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), and the Companies Act 2006.

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

1.2. Preparation of the accounts on a going concern basis.

The company is dependent on the continued support of grant aiding bodies, donors and the loan provided by the chief executive (note 16). The trustees believe that the company will continue to receive this support and accordingly consider that it is appropriate to prepare the financial statements on the going concern basis.

12

Young People's Puppet Theatre

(Limited by Guarantee)

Notes to the Financial Statements

for the year ended 31 August 2021

1.3. Incoming resources

All incoming resources are included in the Statement of Financial Activities when:

- Donations and legacies

Grants/donations are recognised in incoming resources in the year in which they are receivable, except as follows:

- Charitable activities

Production income - income from box office, performance fees and sundry other theatrical income is included in incoming resources in the period in which the relevant show takes place.

Project specific funding - when donors specify that donations and grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

- Donated services and facilities

Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

- Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

13

Young People's Puppet Theatre

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 August 2021

1.4. Expenditure

All expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when:

- Charitable activities

Theatre production costs - costs incurred in production and running of productions toured in the year.

- Support costs

The administrative and overhead costs associated with running the office from which the company operates as well as governance costs. Support costs are wholly attributable to theatre production costs.

- Governance costs

Costs associated with the constitutional and statutory requirements of the charity.

1.5. Fund accounting

Funds held by the charity are either:

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.6. Tangible fixed assets and depreciation

Individual fixed assets costing £100 or more are capitalised at cost.

Depreciation is provided at annual rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

1.7. Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised on receipt at fair value which is the amount the charity would have been willing to pay for the items on the open market

1.8. Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

14

Young People's Puppet Theatre

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 August 2021

1.9. Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10. Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.11. Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value, and subsequently measured at their settlement value.

1.12. Significant Accounting Estimates and Judgements

In determining the carrying amounts of certain assets and liabilities, the charity makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The charity's estimates and assumptions are based on historical experience and expectation of future events and are reviewed annually. Further information about key assumptions concerning the future, and other key sources of estimation of uncertainty, are set out in the notes.

2. Incoming resources

The total incoming resources for the year have been derived from the principal activity undertaken wholly in the UK.

3. Net income/(expenditure) for the year is 2021 2020
stated after charging: £ £
Depreciation of tangible fixed assets 3,915 4,244
Independent examination 2,100 3,000

4. Trustees' emoluments and reimbursed expenses

The trustees received no remuneration during the year (2020 - £nil).

The aggregated amount reimbursed to trustees during the year was £nil (2020 - £nil).

15

Young People's Puppet Theatre

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 August 2021

Notes to the Financial Statements
for the year ended 31 August 2021
5.
Staff costs and numbers
Staff costs
Salaries and wages
Pension costs		 2021
£
29,760
2,170
31,930		 2020
£
30,000
900
30,900

No employee earned £60,000 or more during the year (2020 - nil).

The key management personnel of the charity comprise the Trustees and the Senior Management Team. The total employee benefits of the key management personnel of the charity were £25,000 (2020 - £22,500).

Jeremy Duschenes undertakes the role of Chief Executive of the company on a voluntary basis. The value of the time contributed by the Chief Executive is based on the number of hours contributed at a nominal daily rate.

Staff numbers

The average numbers of employees (including casual and part time staff) during the year was made up as follows:


up as follows:
2021 2020
Number Number
Production 1 1

6. Pension costs

The company operates a defined contribution pension scheme in respect of its employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £2,170 (2020 - £900).

7. Corporation taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

16

Young People's Puppet Theatre

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 August 2021

8.
Fixed assets - tangible assets
Fixtures/
fittings/
equipment
£
Cost
1 September 2020
53,588
Additions
1,801
31 August 2021
55,389
Depreciation
1 September 2020
38,151
Charge for year
3,915
31 August 2021
42,066
Net book values
31 August 2021
13,323
31 August 2020
15,437
9.
Debtors
2021
£
Trade debtors
-
Prepayments and accrued income
4,349
4,349
10.
Creditors: amounts falling due
2021
within one year
£
Trade creditors
5,524
Other creditors
54,350
Accruals
2,802
Deferred income (note 11)
33,600
96,276		 Total
£
53,588
1,801
55,389
38,151
3,915
42,066
13,323
15,437
2020
£
450
2,110
2,560
2020
£
1,917
54,350
3,671
3,933
63,871

17

Young People's Puppet Theatre

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 August 2021

11. Deferred income

Deferred income
Balance at 1 September 2020
Amount released to incoming resources
Amount deferred in the year
Balance at 31 August 2021
Deferred income relates to production income received in advance.		 £
3,933
)
(3,933
33,600
33,600

12. Limited by guarantee

The private limited company is limited by guarantee, registered in EW - England and Wales, and does not have a share capital. Each member gives a guarantee to contribute a sum, not exceeding £1, to the company should it be wound up. At 31 August 2021 there were 7 members.

13. Unrestricted funds Brought Incoming Outgoing Carried
forward resources resources forward
£ £ £ £
General fund )
(8,777		 49,637 )
(51,508		 )
(10,648

18

Young People's Puppet Theatre

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 August 2021

14. Restricted funds Brought Incoming Outgoing Carried
forward resources resources forward
£ £ £ £
North Herts - 1,533 )
(1,533		 -
Cambridge Community Foundation - 2,400 )
(2,400		 -
Hertfordshire Community Foundation - 10,000 )
(10,000		 -
- 13,933 )
(13,933		 -

North Herts

Awarded by North Herts Southern Rural Committee, spent as mandated in support of the project at Breachwood Green Primary School just east of Luton.

Cambridge Community Foundation

Awarded by Cambridgeshire Community Foundation, spent as mandated in support of the project at Bewick Primary School in Cambridge.

Hertfordshire Community Foundation

Awarded by the Hertfordshire Community Foundation, spent as mandated in support of projects in Watford at Central Primary School, Highwood Primary School and Beechfield Primary School.

15. Analysis of net assets between funds

General
funds
£
Fund balances at 31 March 2021
are represented by:
Tangible fixed assets
13,323
Net current (liabilities)
)
(23,971
)
(10,648		 Total
£
13,323
)
(23,971
)
(10,648

16. Related party transactions

Included within creditors is an amount of £54,350 (2020 - £54,350) owed to Jeremy Duschenes, the Chief Executive of the company. The terms of this loan allow for repayment when the finances of the Young People's Puppet Theatre permit. Jeremy Duschenes has confirmed that he will not request repayment of the loan until such a time.

Included within trade creditors are expenses owed to Jeremy Duschenes of £4,084 (2020 - £1,781).

19