The Denbigh Workshop
Report of the Trustees for the Period 1 April 21 to 31 March 2022
The trustees present their report with the financial statements of the charity for the period 1 April 2021 to 31 March 2022. The trustees have adopted the provisions of 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 (FRS102) (effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1171989
Principal address Yr HWB , Smithfield Road, Denbigh, LL163RG
Trustee R Williams, J Broster, J Jarvis, J Sandle, D O’Loughlin
Independent examiner
Mags Bookkeeping Birch House Business Centre Hen Lon Parcwr Ruthin LL15 1NA
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Denbigh Workshop is registered as a charitable incorporated organisation by its governing document, a deed of trust.
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.
The Denbigh Workshop Report of the Trustees for the Period 1 April 21 to 31 March 2022
OBJECTIVES AND ACTIVITIES Objectives, aims and public benefit
The Denbigh Workshop will work predominately through the vehicle of drama and performance, however it reserves the right to undertake any other activities as directed by the trustees to fulfil the charitable purposes outlined below:1)To promote for the benefit of the inhabitants of North Wales and the surrounding area the provision of facilities and services for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.2)To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.3)To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this cause 'socially excluded' means being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment; financial hardship; youth or old age; ill health(physical or mental);substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing(that is housing that does not meet basic habitable standards; crime(either as a victim of crime or as an offender rehabilitating into society).4)For the public benefit to promote learning for pleasure by people no longer in full time employment through the continued development of their individual capabilities, competencies, skills and understanding in subjects of educational value.5)To advance the education of the public in the subject of theatre arts.
ACHIEVEMENT AND PERFORMANCE
Review of Progress of the Charity
The Trustees are satisfied with the progress of the charity during its third year, given the circumstances surrounding the Covid pandemic.
FINANCIAL REVIEW Summary financial position
Total incoming resources for the year were £47330.48
Review of financial performance
The deficit in the year is within expected levels given the effect of the Covid pandemic on the activities of the charity.
Reserves policy
The charity intends to retain surpluses in order to finance additional activities and to leave a working capital element to maintain the charity’s facilities and to cover future running costs to ensure continuity.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 31[st] January 2023 and signed on its behalf by:
……………………………
Tracy Jones - Director
Profit and Loss
The Denbigh Workshop For the year ended 31 March 2022
| Profit and Loss The Denbigh Workshop For the year ended 31 March 2022 |
|
|---|---|
| 2022 | |
| Turnover | |
| Non Reserve | 10,000.00 |
| Other Revenue | 187.00 |
| reserve | 35,418.60 |
| Revenue | 7,032.00 |
| Total Turnover | 52,637.60 |
| Cost of Sales | |
| Direct Expenses | 5,307.12 |
| Total Cost of Sales | 5,307.12 |
| Gross Profit | 47,330.48 |
| Administrative Costs | |
| Advertising & Marketing | 42.50 |
| Audit & Accountancy fees | 78.00 |
| Bid writing and planning | 1,550.00 |
| Cleaning | 420.00 |
| Entertainment-100% business | 1,223.00 |
| Food | 557.71 |
| General Expenses | 1,131.49 |
| Insurance | 337.68 |
| IT Software and Consumables | 367.90 |
| Printing & Stationery | 222.94 |
| Rent | 1,340.00 |
| Saturday Morning tutor | 4,860.00 |
| Subscriptions | 150.00 |
| Summer School | 4,447.32 |
| Tutoring and delivery | 1,010.00 |
| Tutors | 18,310.00 |
| Venue /Room Hire | 1,469.00 |
| Total Administrative Costs | 37,517.54 |
| Operating Profit | 9,812.94 |
| Profit on Ordinary Activities Before Taxation | 9,812.94 |
| Profit after Taxation | 9,812.94 |
Profit and Loss
The Denbigh Workshop
Balance Sheet
The Denbigh Workshop As at 31 March 2022
| Balance Sheet The Denbigh Workshop As at 31 March 2022 |
Balance Sheet The Denbigh Workshop As at 31 March 2022 |
|---|---|
| 31 MAR 2022 | |
| Current Assets | |
| Cash at bank and in hand | |
| The Denbigh Workshop 29,276.73 |
|
| Total Cash at bank and in hand 29,276.73 |
|
| Total Current Assets 29,276.73 |
|
| Net Current Assets (Liabilities) 29,276.73 |
|
| Total Assets less Current Liabilities 29,276.73 |
|
| Net Assets 29,276.73 Capital and Reserves |
|
| Current Year Earnings 9,812.94 |
|
| Retained Earnings 19,463.79 |
|
| Total Capital and Reserves 29,276.73 |
Balance Sheet
The Denbigh Workshop