## TWISTING DUCKS THEATRE COMPANY CIO
Registered Charity - 1170354
## ACCOUNTS
for the year ended
31 MARCH 2021
Essell
29 Howard Street North Shields NE30 1AR Tel : 0191 259 2743 : Fax 0191 257 2249 E-mail : info@essell.co.uk Ref : ACR/2541
## TWISTING DUCKS THEATRE COMPANY CIO
## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
## CONTENTS
Report of the Trustees Page 1
Independent Examiner's Report Page 2
Statement of Financial Activities Page 3
Balance Sheet Page 4 Notes to the Financial Statements Page 5 to6
Detailed Statement of Financial Activities
Page 7
## Prepared by
Essell Accountants Limited
29 Howard Street North Shields NE30 1AR Tel: 0191 259 2743 : Fax 0191 257 2249 E-mail: info@essell.co.uk Ref : ACR/2541
## TWISTING DUCKS THEATRE COMPANY CIO
## Page 1
## Report of the Trustees for the Year Ended 34 March 2021
The Trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities’ issued in March 2020.
## REFERENCE AND ADMINISTRATIVE DETAILS
## Registered Charity Number: 1170354
Principal Address TD Studio The Heaton Centre Trewhitt Road Heaton Newcastle Upon Tyne NE6 5DY
Trustees Ms Una MecNicholl Mrs Veronica Dougherty - Secretary Ms Chris Shrubb - Chairperson Mrs Karen Signey Miles Henderson - Treasurer
Independent Examiner Essell Accountants Ltd 29 Howard Street North Shields Tyne and Wear NE30 1AR
## STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document The Charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## ON BEHALF OF THE BOARD:
Trustee
## Date:oe.
Page 2
## INDEPENDENT EXAMINER'S REPORT
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TWISTING DUCKS THEATRE COMPANY CIO
| report on the accounts of Twisting Ducks Threatre Company CIO for the year ended 31 March 2021, which are set out on pages 3 to 7.
This report is made solely to the trustees, as a body, in accordance with the regulations made under Section 145 of the Charities Act 2011. My work has been undertaken so that | might state to the charity's trustees those matters | am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work, for this report, or for the opinions | have formed.
## Respective responsibilities of trustees and examiner
The trustees (who are also 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 or independent examination it is my responsibility to:
Examine the accounts and to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
## Basis of independent examiner's statement
My examination was carried out in accordance with the 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 seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would by 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 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;
- to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 394 and 395 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
2.) to which, in my opinion, attention should be drawn in order to enable a proper understand of the accounts to be reached.
**----- Start of picture text -----**
Alex C. ay iL:CCA
ESSELL ACCOUNTANTS, North Shields
Date: ™~ F/
D /04/ 2or\
**----- End of picture text -----**
TWISTING DUCKS THEATRE COMPANY CIO
Page 3
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||Notes|Funds|Funds|2021|2020|
|||£|Fe|£||
|Income and Endowments||||||
|Incoming Resources from||||||
|Generated Funds
:||||||
|Donations and Legacies||86|127,025|127,111|78,052|
|Income from Charitable Activities||52,742|0|52,742|52,158|
|Total Income and Endowments||52,828|127,025|179,853|130,210|
|Expenditure on :||||||
|Expenditure on Charitable Activities||14,331|0|14,331|42,740|
|Other Expenditure||419|119,314|119,733|88 634|
|Total Expenditure on :||14,750|119,314|134,064|131,374|
|Net Income / (Expenditure)||38,078|7,711|45,789|(1,164)|
|Balance as at 31st March 2020||2,955|8,995|11,950|13,114|
|Balanceasat31stMarch2021||41,033|16,706|57,739|11,950|
/
4
:
/
## TWISTING DUCKS THEATRE COMPANY CIO
Page 4
BALANCE SHEET AS AT 31 MARCH 2021
**----- Start of picture text -----**
31 MARCH 2021 31 MARCH 2020
CURRENT ASSETS
Debtors (Note 5) 30,270 5,570
Cash at Bank 58,941 6,723
Cash in Hand 0 ees:
__ 89.211 __12,293
CURRENT LIABILITIES
Creditors (Note 6) 7,472 342
Deferred Income 24,000 0
31,472 342
NET ASSETS 57,739 11,951
Represented by:
FUNDS
Unrestricted Funds (Note 7) 41,033 2,955
Restricted Funds (Note 7) 16,706 8,995
TOTAL FUNDS 57,739 11,950
—————————— ee
**----- End of picture text -----**
Signed by two of the trustees on behalf of all the trustees :
**----- Start of picture text -----**
Mae Wo
a
**----- End of picture text -----**
Date : Beye OF, at S Date : P4~ “ 4 = Z | !
TWISTING DUCKS THEATRE COMPANY CIO
Page 5
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
## Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## Incoming Resources
Incoming Resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Taxation
The charity is exempt from tax on its charitable activities.
## Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## 2. ACTIVITES FOR GENERATING FUNDS
|ACTIVITES|FOR GENERATING FUNDS|||
|---|---|---|---|
|||2021|2020|
|||£|£|
|Fundraising|events|86|1,758|
## 3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the period ended 31 March 2021.
## Trustees’ Expenses
There were no trustees’ expenses paid for the period ended 31 March 2021..
## 4. STAFF COSTS
|STAFF COSTS|||
|---|---|---|
||2021|2020|
||£|£|
|Wages and salaries|84,122|80,220|
|Social Security|4,744|4,815|
||88,866|85,035|
TWISTING DUCKS THEATRE COMPANY CIO
Page 6
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|5.|DEBTORS|2021|2020|
|a|E|
|Amount|falling|due|within|one|year|
|Prepayments|0|113|
|Debtors|30,270|5,457|
|30,270|5,570|
**----- End of picture text -----**
## 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|2021|2020|
|E|£|
|Accruals|and|Payroll|2,633|166|
|Trade|Creditors|4,839|176|
|7,472|342|
**----- End of picture text -----**
7. MOVEMENT IN FUNDS
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|At|Incoming|Resources|At|
|31/03/2020|resources|expended|31/03/2021|
|£|£|£|2|
|Unrestricted|Funds|
|General|Fund|2,955|52,828|(14,750)|41,033|
|Restricted|Funds|
|Restricted|Funds|8,995|127,025|(119,314)|16,706|
|Total|Restricted|Funds|8,995|127,025|(119,314)|16,706|
|TOTAL|FUNDS|11,950|179,853|(134,064)|57,739|
**----- End of picture text -----**
Page 7
## TWISTING DUCKS THEATRE COMPANY CIO PROFIT & LOSS ACCOUNT for the year ended
## 31 MARCH 2021
**----- Start of picture text -----**
||||||||||
|---|---|---|---|---|---|---|---|---|
|31|MARCH|2021|31|MARCH|2021|31|MARCH|2021|
|(Unrestricted)|(Restricted)|(TOTAL)|
|INCOME|
|Sales*|28,433|0|28,433|
|NCIF|0|25,000|25,000|
|Postcode|0|18,967|18,967|
|Arts|Council|0|16,366|16,366|
|Community|Foundation|0|3,308|3,308|
|HMRC|Job|Retention|Scheme|0|21,391|21,391|
|Lottery|0|9,635|9,635|
|Blue|Stone|0|8,533|8,533|
|Northumberland|Freemasons|0|3,738|3,738|
|Sir|James|Knott|0|3,000|3,000|
|Access|to|Work|0|7,846|7,846|
|CLLD|0|9,241|9,241|
|Other|Grant|-|HURC|3,260|0|3,260|
|Other|Income|60|0|60|
|Donations|86|0|86|
|31,838|127,025|158,863|
|Commissioned|Work|20,990|0|20,990|
|20,990|0|20,990|
|TOTAL|INCOME|52,828|127,025|179,853|
|OVERHEADS|
|Wages|13,444|102,664|116,108|
|Transport|36|82|118|
|Insurance|0|0|0|
|Office|Expenses|2,965|2,064|5,029|
|Refreshment|3|0|x]|
|Post|and|Stationery|0|0|0|
|Room|Hire|0|0|0|
|Promotion|199|1,564|1,763|
|Hospitality|and|Volunteer|Expenses|0|0|0|
|Equipment|91|10,750|10,841|
|Filming|and|Music|Costs|91|112|203|
|Subscription|0|0|0|
|Professional|Fees|0|0|0|
|Bank|Charges|0|0|0|
|Overhead|Recovery|(2,078)|2,078|0|
|Accountancy|0|0|0|
|14,750|119,314|134,064|
|NET TRADING|SURPLUS|38,078|7,711|45,789|
**----- End of picture text -----**
* The Sales of £28,433 are made up as follows :
Academies 28,433 Ticket Sales 0