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2022-03-04-accounts

Company Registration Number: 10022562 England and Wales

Shakespeare In Italy

Registered Charity Number: 1172308

Report and Accounts

31 March 2022

Shakespeare In Italy

Report and Accounts for the Year Ended 31 March 2022

Table of contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of Directors' Responsibilities 4
Independent Accountant's Report 6
Funds Statements:
Statement of Financial Activities 8
Statement of Financial Activities - Prior Year Statement 9
Movements in Funds 11
Revenue Funds 11
Summary of Funds 11
Income and Expenditure Account 12
Balance Sheet 13
Notes to the Accounts 14

Shakespeare In Italy

Trustees Annual Report for the year ended 31 March 2022

The Trustees present their Report and Accounts for the year ended 31 March 2022, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name

The legal name of the charity is: Shakespeare In Italy

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1172308.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law, all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

Page 1

The principal operating address of the charity is:

First Floor, 2 Hampton Court Road Harborne Birmingham B17 9AE

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

The Trustees in office on the date the report was approved were:

B G Harvey P J Lennon J Bridges

The following persons served as Trustees during the year ended 31 March 2022

The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:

B G Harvey

P J Lennon

W R Stewart Smith (resigned 13 September 2022)

J Bridges I Khan (resigned 18 May 2022)

The Trustees acknowledge the outstanding contribution made by W R Stewart-Smith affectionately known as Rodney, especially for his wise counsel and strong guidance, he will be sorely missed by everyone who knew him.

Objectives and activities of the charity

The purposes of the charity as set out in its governing document.

Shakespeare in Italy seeks to enhance experience and international understanding of the works of Shakespeare and in particular appreciation of the influence of the Italian Renaissance, culture and philosophers on all his writing.

The main activities undertaken in relation to those purposes during the year.

The Company aims to explore this with actors and artists through performance in the UK, Italy and beyond, as well as via a programme of education and outreach. The company is now working to form permanent relationships with theatres both in the United Kingdom and Italy. It also plans to work with British and Italian educational institutions and community groups, particularly those for whom English is their second language. One sigficant project is the Merchant of Venice.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

In shaping our objectives for the year and planning our activities, the trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The main achievements and performance of the charity during the year.

The net incoming resources for the year amounted to £79,911 (2021: £5,386). A summary of the work of the charity is set out above.

Structure, governance and management of the charity

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Shakespeare in Italy is a company limited by guarantee not having a share capital governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission.

Page 2

Financial review

The charity's financial position at the end of the year ended 31 March 2022

The financial position of the charity at 31 March 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:

the accounts, can be summarised as follows:
Unrestricted Revenue Funds available for the
general purposes of the charity
Net income / (loss)
Total Funds		 2022
£
(4,750)
2,957
2,957		 2021
£
(4,030)
7,708
7,708

Policies on reserves.

It is the policy of the Charitable Company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charitable Company’s current activities while consideration is given to ways in which additional funds may be raised.

This level of reserves has been maintained throughout the year.

Availability and adequacy of assets of Unrestricted Revenue Funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Page 3

Details of The Independent Examiner

Tony Tse Chartered Certified Accountant First Floor, 2 Hampton Court Road Harborne Birmingham B17 9AE

Statement of the Directors' and Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining.

Page 4

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 8 to 20.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016).

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 13 December 2022.

B G Harvey Director and Trustee

P J Lennon Director and Trustee

Page 5

Shakespeare In Italy

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2022

I report to the Trustees on my examination of the financial statements of the charitable company for the year ended 31 March 2022 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW), and under the historical cost convention and the accounting policies set out in the notes to the accounts.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 4 you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to: a) I have examined the financial statements of the charity under Section 145 of the Act; b) I have followed the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide.

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Page 6

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination and can confirm that:

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:

Tony Tse - Independent Examiner Chartered Certified Accountant

First Floor, 2 Hampton Court Road Harborne Birmingham B17 9AE

This report was signed on 13 December 2022

Page 7

Shakespeare In Italy

Statement of Financial Activities for the year ended 31 March 2022

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2022, as required by the Companies Act 2006)

SORP
Ref
Income & Endowments from:
Donations and legacies
A1
Charitable activities
A2
Total income
A
Expenditure on:
Charitable activities
B2
Total expenditure
B
Net income / (loss) for the year
Net income after transfers
A-B
Net movement in funds
Reconciliation of funds:
E
Total funds brought forward
Total funds carried forward		 Current year
Unrestricted
Funds
2022
£
1,000
78,911
79,911
84,661
84,661
(4,750)
(4,750)
(4,750)
7,708
2,957		 Current year
Restricted
Funds
2022
£
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2022
£
1,000
78,911
79,911
84,661
84,661
(4,750)
(4,750)
(4,750)
7,708
2,957		 Prior year
Total Funds
2021
£
1,500
3,886
5,386
9,416
9,416
(4,030)
(4,030)
(4,030)
11,737
7,708

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations.

The notes attached on pages 14 to 20 form an integral part of these accounts.

Page 8

Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

SORP
Ref
Income from:
Donations and legacies
A1
Charitable activities
A2
Total income
A
Expenditure on:
Charitable activities
B2
Total expenditure
B
Net income for the year
Net income after transfers
Net movement in funds
Reconciliation of funds:
E
Total funds brought forward
Total funds carried forward		 Prior Year

Unrestricted
Funds
2021
£
1,500
3,886
5,386
9,416
9,416
(4,030)
(4,030)
(4,030)
11,737
7,708		 Prior Year
Restricted
Funds
2021
£
-
-
-
-
-
-
-
-
-
-		 Prior Year
Total Funds
2021
£
1,500
3,886
5,386
9,416
9,416
(4,030)
(4,030)
(4,030)
11,737
7,708

All activities derive from continuing operations.

The notes attached on pages 14 to 20 form an integral part of these accounts.

Page 9

Resources applied in the year ended 31 March 2022 towards fixed assets for Charity use:

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities
The notes attached on pages 14 to 20 form an integral part of these accounts.		 2022
£
(4,750)
(4,750)		 2021
£
4,030
-
(4,030)

Page 10

Movements in revenue and capital funds for the year ended 31 March 2022

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Summary of funds
Revenue accumulated funds
Recognised gains and losses before
transfers		 Unrestricted
Funds
2022
£
7,708
(4,750)
2,957
2,957
Unrestricted
and
Designated
Funds
2022
£
2,957		 Restricted
Funds
2022
£
-
-
-
-
Restricted
Funds
2022
£
-		 Total Funds
2022
£
7,708
(4,750)
2,957
2,957
Total Funds
2022
£
2,957		 Last Year
Total Funds
2021
£
11,737
(4,030)
7,708
7,708
Last Year
Total Funds
2021
£
7,708

The notes attached on pages 14 to 20 form an integral part of these accounts.

Page 11

Income and Expenditure Account for the year ended 31 March 2022 as required by the Companies Act 2006

Charitable expenditure, excluding depreciation and amortisation
Gross income in the year including exceptional items
Expenditure
Income
Income from operations
Governance costs
Net income / (loss) before tax in the financial year
Total expenditure in the year
Tax on surplus on ordinary activities
Net income / (loss) after tax in the financial year
Retained surplus / (deficit) for the financial year		 2022
£
79,911
79,911
83,521
1,140
84,661
(4,750)
-
(4,750)
(4,750)		 2021
£
5,386
5,386
8,276
1,140
9,416
(4,030)
-
(4,030)
(4,030)

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 14 to 20 form an integral part of these accounts.

Page 12

Shakespeare In Italy

Balance Sheet as at 31 March 2022

Notes
SORP Ref
2022
£
B
B1
13,067
B4
13,596
26,663
7
C1
23,706
2,957
2,957
-
11
D3
2,957
-
2,957
The total net assets of the charity are funded by the funds of the charity, as follows:
Debtors
Unrestricted Revenue Funds
Designated Funds
Total charity funds
Restricted funds
Unrestricted Funds
The total net assets of the charity
Net current assets
Current assets
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one
year		 2021
£
-
16,610
16,610
8,902
7,708
7,708
-
7,708
-
7,708

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 6.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006, applicable to companies subject to the small companies regime.

B G Harvey Director and Trustee

P J Lennon Trustee

Approved by the board of trustees on 13 December 2022

The notes attached on pages 14 to 20 form an integral part of these accounts.

Page 13

Shakespeare In Italy

Notes to the Accounts for the year ended 31 March 2022

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. At the balance sheet date the company's assets exceed its liabilities by £2,957 (2021: 7,708). In the opinion of the trustees, the company has the support of its creditors and financiers for the foreseeable future, and it is therefore considered appropriate to adopt the going concern policy.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned, and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

Page 14

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (Other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Page 15

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

5 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

6 Deferred income - Unrestricted and Designated funds

Opening
£
Liverpool project
3,500
Summer school
4,262
Aliens project
-
Total
7,762
These deferrals are included in creditors
7
Accruals
Deferred Income - Unrestricted & designated funds
Other creditors
8
At 1 April 2021
Surplus / (loss) after tax for the year
At 31 March 2022
Creditors: amounts falling due within one year
Income and Expenditure account summary		 Released
from prior
years
£
-
(4,262)
-
(4,262)		 Received
less released
in year
£
-
4,066
5,000
9,066
2022
£
12,566
2022
£
1,140
12,566
10,000
23,706
2022
£
7,708
(4,750)
2,957		 Deferred
at year end
£
3,500
4,066
5,000
12,566
2021
£
7,762
2021
£
1,140
7,762
-
8,902
2021
£
11,737
(4,030)
7,708

9 Related party transactions

During the year under review, W R Stewart Smith loaned the charity £10,000 interest free. There was a commitment from Mary Chater to cover all of the cost of the project Merchant of Venice.

Page 16

10 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2022
Current Assets
Current Liabilities
At 1 April 2021
Current Assets
Current Liabilities		 Unrestricted
funds
£
26,663
(23,706)
2,957
Unrestricted
funds
£
16,610
(8,902)
7,708		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-		 Restricted
funds
£
-
-
-
Restricted
funds
£
-
-
-		 Total funds
£
26,663
(23,706)
2,957
Total funds
£
16,610
(8,902)
7,708

11 Change in total funds over the year as shown in Note 10, analysed by individual funds

Funds
brought
forward from
2021
Movement
in funds in
2022
See Note 12
£
£
Unrestricted and designated funds:
Unrestricted Revenue Funds
7,708
(4,750)
7,708
(4,750)
7,708
(4,750)
Income
Expenditure
2022
2022
£
£
Unrestricted and designated funds:
79,911
(84,661)
Total unrestricted and designated funds
Total charity funds
Unrestricted Revenue Funds
Analysis of movements in funds over the year as shown in Note 11		 Transfers
between
funds in
2022
£
-
-
-
Other
Gains &
Losses
2022
£
-		 Funds
carried
forward to
2023
£
2,957
2,957
2,957
Movement
in funds
2022
£
(4,750)

12 Analysis of movements in funds over the year as shown in Note 11

Page 17

13 The purposes for which the funds as detailed in note 11 are held by the charity are:

Unrestricted and designated funds:

These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.

Restricted funds:

Restricted Revenue Funds

These funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when the fund are raised for particular restricted purposes.

14 Ultimate controlling party

The charity is under the control of its legal members.

15 Donations and Legacies

Donations and gifts from individuals
Total donations and gifts from individuals
Small donations individually less than £1000
P J Lennon		 Current Year
Unrestricted
Funds
2022
£
-
1,000
1,000		 Current
Year
Restricted
Funds
2022
£
-
-
-		 Current
Year Total
Funds
2022
£
-
1,000
1,000		 Prior Year
Total
Funds
2021
£
500
1,000
1,500

16 Income from charitable activities - Trading Activities

Primary purpose and ancillary trading
Total Primary purpose and ancillary trading
Summer School
Orchard Project
Workshops
A Merchant of Venice		 Current Year
Unrestricted
Funds
2022
£
8,194
62,600
7,785
332
78,911		 Current
Year
Restricted
Funds
2022
£
-
-
-
-
-		 Curent Year
Total Funds
2022
£
8,194
62,600
7,785
332
78,911		 Prior Year
Total
Funds
2021
£
-
-
-
3,886
3,886

Page 18

17 Total Income from charitable activities

Current Year
Unrestricted
Funds
2022
£
Total income from charitable trading
78,911
Total from charitable activities
A2
78,911
Current Year
Unrestricted
Funds
2022
£
4,169
68,576
7,040
628
Total direct spending
B2a
80,412
Expenditure on charitable activities - Direct spending
A Merchant of Venice
Workshops
Summer School
Orchard Project		 Current
Year
Restricted
Funds
2022
£
-
-
Current
Year
Restricted
Funds
2022
£
-
-
-
-
-		 Curent Year
Total Funds
2022
£
78,911
78,911
Curent Year
Total Funds
2022
£
4,169
68,576
7,040
628
80,412		 Prior Year
Total
Funds
2021
£
3,886
3,886
Prior Year
Total
Funds
2021
£
220
-
-
1,850
2,070

18 Expenditure on charitable activities - Direct spending

19 Expenditure on charitable activities - Charitable trading

Total charitable trading costs
B2b
Support costs for charitable activities
Advertising and marketing
Liability and contents insurance
Software licences and expenses
Reallocated from support costs
Administrative overheads
Membership subscriptions
Sundry expenses
Subsistence and travel		 Current Year
Unrestricted
Funds
2022
£
3,109
3,109
Current Year
Unrestricted
Funds
2022
£
228
2,022
-
442
37
24		 Current
Year
Restricted
Funds
2022
£
-
-
Current
Year
Restricted
Funds
2022
£
-
-
-
-
-
-		 Curent Year
Total Funds
2022
£
3,109
3,109
Curent Year
Total Funds
2022
£
228
2,022
-
442
37
24		 Prior Year
Total
Funds
2021
£
6,206
6,206
Prior Year
Total
Funds
2021
£
205
2,496
2,813
438
438
-

20 Support costs for charitable activities

Page 19

92
-
265
-
Support costs before reallocation
3,109
-
Less support costs reallocated to specific activities
To charitable trading costs
(3,109)
-
The basis of allocation of costs between activities is described under accounting policies.
Financial costs
Bank charges
Exchange rate (profit)/losses		 92
265
3,109
(3,109)		 60
(245)
6,206
(6,206)

21 Other Expenditure - Governance costs

Independent Examiner's fees
Support costs before reallocation
B2e
22 Total Charitable expenditure
B2a
B2b
B2e
Total charitable expenditure
B2
Total direct spending
Total Governance costs
Total charitable trading costs		 Current Year
Unrestricted
Funds
2022
£
1,140
1,140
Current Year
Unrestricted
Funds
2022
£
80,412
3,109
1,140
84,661		 Current
Year
Restricted
Funds
2022
£
-
-
Current
Year
Restricted
Funds
2022
£
-
-
-
-		 Curent Year
Total Funds
2022
£
1,140
1,140
Curent Year
Total Funds
2022
£
80,412
3,109
1,140
84,661		 Prior Year
Total
Funds
2021
£
1,140
1,140
Prior Year
Total
Funds
2021
£
2,070
6,206
1,140
9,416

Page 20