## **Trustees’ Annual Report for the period**
**From 1 April 2021 Period start date To 31 March 2022 Period end date**
**Charity name:** SHAKESPEARE NORTH PLAYHOUSE CAPITAL CAMPAIGN (formerly Shakespeare North Playhouse Trust)
## **Charity registration number:** 1172498
## **Objectives and Activities**
**----- Start of picture text -----**
SORP reference
Summary of the purposes Para 1.17 To encourage and promote education
of the charity as set out and performance of the performing
in its governing arts and the study and performance of
document Shakespeare’s works in particular by
supporting the building of a theatre
and college for the same in Prescott
Lancashire
Summary of the main Para 1.17 and Helping to raise the required capital
1.19
activities in relation to funding to build the Shakespeare North
those purposes for the Playhouse in Prescot, Merseyside.
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.
Statement confirming Para 1.18 The charity trustees have regard to the
whether the trustees skills, knowledge and experience
have had regard to the needed for the effective administration
guidance issued by the of the charity.
Charity Commission on
public benefit
**----- End of picture text -----**
## **Achievements and Performance**
**----- Start of picture text -----**
SORP reference
Summary of the main Helping to raise the required capital
achievements of the funding to build the Shakespeare North
charity, identifying the Playhouse in Prescot, Merseyside.
difference the charity’s Para 1.20
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.
**----- End of picture text -----**
## **Financial Review**
**----- Start of picture text -----**
Review of the charity’s Para 1.21 Total Funds raised and held in Bank
financial position at the Account at 31 March 2022 :
end of the period £1,079,888.21
Statement explaining the Para 1.22 The charity does not hold formal
policy for holding reserves.
reserves stating why they
are held The Trustees have approved a
Reserves Policy which is attached at
Appendix 1 to this Report.
Amount of reserves held Para 1.22 Zero
Reasons for holding zero Para 1.22 The charity does not hold formal
reserves reserves. All funds raised are held in
the charity’s bank account. The full
balance of funds will be transferred to
Knowsley Council (as owner of the
Playhouse). This will represent the full
contribution of the Shakespeare North
Playhouse Capital Campaign to the
capital costs incurred by the Council.
Details of fund materially Para 1.24 Not applicable
in deficit
Explanation of any Para 1.23 None
uncertainties about the
charity continuing as a
going concern
**----- End of picture text -----**
## **Structure, Governance and Management**
**----- Start of picture text -----**
Description of charity’s SHAKESPEARE NORTH PLAYHOUSE
trusts: CAPITAL CAMPAIGN
Type of governing Para 1.25 CONSTITUTION
document
(trust deed, royal
charter)
How is the charity Para 1.25 CHARITABLE INCORPORATED
constituted? ORGANISATION WHOSE ONLY VOTING
(e.g unincorporated MEMBERS ARE ITS CHARITY TRUSTEES
association, CIO)
Trustee selection Para 1.25 The charity trustees are appointed to 1
methods including details April 2026
of any constitutional
provisions e.g. election to
post or name of any
person or body entitled
to appoint one or more
trustees
**----- End of picture text -----**
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name SHAKESPEARE NORTH PLAYHOUSE CAPITAL CAMPAIGN
Other name the charity n/a
uses
**----- End of picture text -----**
**----- Start of picture text -----**
Registered charity 1172498
number
Charity’s principal 3rd Floor, Municipal Buildings
address Knowsley Council
Archway Road
HUYTON
L36 9YZ
**----- End of picture text -----**
**Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Name of person (or
Dates acted if not for body) entitled to
Trustee name Office (if any)
whole year appoint trustee (if
any)
The Right April 2017 to April SHAKESPEARE
Honourable 2026 NORTH
1 George Howarth PLAYHOUSE
MP CAPITAL
CAMPAIGN
Alison Hastings April 2017 to April SHAKESPEARE
2026 NORTH
2 PLAYHOUSE
CAPITAL
CAMPAIGN
Sir Terry Leahy April 2017 to April SHAKESPEARE
2026 NORTH
3 PLAYHOUSE
CAPITAL
CAMPAIGN
**----- End of picture text -----**
## **Corporate trustees – names of the directors at the date the report was approved**
## **Director name**
## **NONE**
## **Name of trustees holding title to property belonging to the charity**
## **Trustee name NONE**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity **NONE** Name and objects of the charity on whose behalf the assets are **NONE** held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such **NONE** assets from the charity’s own assets
## **Names and addresses of advisers**
**----- Start of picture text -----**
Type of Name Address
adviser
Treasur Dan Barlow 67 Kiln Lane, St Helens, WA10 6AH
er
**----- End of picture text -----**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details **n/a**
## **Declarations**
**----- Start of picture text -----**
George Howarth
Full name(s) Terry Leahy
Alison Hastings
Position (eg Secretary, Chair, etc) Trustees
Date 08 March 2023
**----- End of picture text -----**
**Appendix 1**
## **SHAKESPEARE NORTH PLAYHOUSE CAPITAL CAMPAIGN – RESERVES POLICY**
## **Introduction**
This reserves policy sets out:
- how much the charity needs to hold in reserve and why
- how and when the charity’s reserves can be spent
- how often the reserves policy will be reviewed
A charity may keep money aside as a reserve to protect it against drops in income or allow it to take advantage of new spending opportunities. If setting aside money for a specific purpose, such as building works, a charity should make it clear that this is separate from the charity’s general reserves.
## **Reserves Policy**
The Shakespeare North Playhouse Capital Campaign exists to raise funding for the capital construction costs of the Shakespeare North Playhouse.
The only costs incurred by the Shakespeare North Playhouse Capital Campaign will relate to:
- a) direct fundraising costs; and
- b) the costs of maintaining a bank account.
After any such costs are properly incurred, the full balance of funds will be transferred to Knowsley Council (as owner of the Playhouse). This will represent the full contribution of the Shakespeare North Playhouse Capital Campaign to the capital costs incurred by the Council.
No other commitments will fall upon the Shakespeare North Playhouse Capital Campaign.
There is therefore no requirement for the Shakespeare North Playhouse Capital Campaign to hold reserves.
**POLICY DATED** : 8 March 2023
**REVIEW DATE** : 2 years after date of policy
**Shakespeare North Playhouse Capital Campaign Charity number: 1172498**
## **Accounts For Period 1 April 2021 to 31 March 2022**
|**Statement of fnancial**
**activities**|**Statement of fnancial**
**activities**|**Statement of fnancial**
**activities**|**Statement of fnancial**
**activities**|
|---|---|---|---|
|**Categories by activity**
Note
**Unrestricted**
**funds**
**Total funds**
**2021/22**
**Prior year**
**funds**
**£**
**£**
**£**
**Incoming resources**
Donations and legacies
3
256,137.7
8
256,137.7
8
854,715.4
1
**Total**
**256,137.**
**78**
**256,137.**
**78**
**854,715.**
**41**
**Resources expended**
Raising funds
4
13,295.9
9
13,295.9
9
17,668.9
9
**Total**
**13,295.**
**99**
**13,295.**
**99**
**17,668.**
**99**
**Net income/(expenditure) before**
**investment gains/(losses)**
242,841.7
9
242,841.7
9
837,046.4
2
Net gains/(losses) on investments
-
-
-
**Net income/(expenditure)**
242,841.7
9
242,841.7
9
837,046.4
2
**Extraordinary items**
-
-
-
**Transfers between funds**
-
-
-
**Other recognised gains/(losses)**
-
-
-
**Net movement in funds**
242,841.7
9
242,841.7
9
837,046.4
2
**Reconciliation of funds**
**Total funds brought forward**
837,046.4
2
837,046.4
2
-
**Total funds carried forward**
1,079,888.2
1
1,079,888.2
1
837,046.4
2||||
||1,079,888.2
1|1,079,888.2
1|837,046.4
2|
1
|**Balance sheet at 31 March 2022**|**Balance sheet at 31 March 2022**|**Balance sheet at 31 March 2022**|**Balance sheet at 31 March 2022**|
|---|---|---|---|
|Note
s
**Unrestricted**
**funds**
**Total this year**
**Total last**
**year (31**
**March 2021)**
**£**
**£**
**£**
**Assets**
**Cash at bank and in hand**
5
1,079,888.2
1
1,079,888.21
837,046.
42
**_Total assets_**
1,079,888.2
1
1,079,888.21
837,046.
42
**Creditors: amounts falling due**
**within one year**
-
-
-
**_Total assets less current_**
**_liabilities_**
1,079,888.2
1
1,079,888.21
837,046.
42
**Creditors: amounts falling due**
**after one year**
-
-
-
**Provisions for liabilities**
-
-
-
**_Total net assets_**
1,079,888.2
1
1,079,888.21
837,046.
42
**Funds of the Charity**
**Unrestricted funds**
6
1,079,888.2
1
1,079,888.21
-
**_Total funds_**
1,079,888.2
1
1,079,888.21
-||||
||1,079,888.2
1|1,079,888.21|-|
||1,079,888.2
1|1,079,888.21|-|
2
## **Notes to the accounts**
## **Note 1 Basis of preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
• the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
- the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- the Charities Act 2011.
## **1.2 Going**
## **concern**
Not applicable
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined above.
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
## **1.5 Material prior year**
## **errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
3
## **Note 2 Accounting policies**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
## **INCOME**
|**INCOME**|||
|---|---|---|
|**Recognition of**|These are included in the Statement of Financial Activities (SoFA)|Yes|
|**income**|when:||
||· the charity becomes entitled to the resources;||
||· it is more likely than not that the trustees will receive the resources;||
||and||
||· the monetary value can be measured with sufcient reliability.||
|**Ofsetting**|There has been no ofsetting of assets and liabilities, or income|Yes|
||and expenses, unless required or permitted by the FRS 102 SORP||
||or FRS 102.||
|**Grants and donations**|Grants and donations are only included in the SoFA when the|Yes|
||general income recognition criteria are met (5.10 to 5.12 FRS102||
||SORP).||
|**Grants and donations**|In the case of performance related grants, income must only be|N/a|
||recognised to the extent that the charity has provided the||
||specifed goods or services as entitlement to the grant only occurs||
||when the performance related conditions are met (5.16 FRS 102||
||SORP).||
|**Legacies**|Legacies are included in the SOFA when receipt is probable, that|N/a|
||is, when there has been grant of probate, the executors have||
||established that there are sufcient assets in the estate and any||
||conditions attached to the legacy are either within the control of||
||the charity or have been met.||
|**Government grants**|The charity has received government grants in the reporting|N/a|
||period||
|**Tax reclaims on**|Gift Aid receivable is included in income when there is a valid|Yes|
|**donations and gifts**|declaration from the donor. Any Gift Aid amount recovered on a||
||donation is considered to be part of that gift and is treated as an||
||addition to the same fund as the initial donation unless the donor||
||or the terms of the appeal have specifed otherwise.||
|**Contractual income**|This is only included in the SoFA once the charity has provided the|N/a|
|**and performance**|related goods or services or met the performance related||
|**related grants**|conditions.||
|**Donated goods**|Donated goods are measured at fair value (the amount for which|N/a|
||the asset could be exchanged) unless impractical to do so.||
|**Donated goods**|The cost of any stock of goods donated for distribution to|N/a|
||benefciaries is deemed to be the fair value of those gifts at the||
||time of their receipt and they are recognised on receipt. In the||
||reporting period in which the stocks are distributed, they are||
||recognised as an expense at the carrying amount of the stocks at||
||distribution.||
|**Donated goods**|Donated goods for resale are measured at fair value on initial|N/a|
||recognition, which is the expected proceeds from sale less the||
||expected costs of sale, and recognised in 'Income from other||
||trading activities' with the corresponding stock recognised in the||
||balance sheet. On its sale the value of stock is charged against||
4
'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
|**Donated goods**|Goods donated for on-going use by the charity are recognised as|N/a|
|---|---|---|
||tangible fxed assets and included in the SoFA as incoming||
||resources when receivable.||
|**Donated goods**|Gifts in kind for use by the charity are included in the SoFA as|N/a|
||income from donations when receivable.||
|**Donated services and**|Donated services and facilities are included in the SOFA when|N/a|
|**facilities**|received at the value of the gift to the charity provided the value||
||of the gift can be measured reliably.||
|**Donated services and**|Donated services and facilities that are consumed immediately are|N/a|
|**facilities**|recognised as income with an equivalent amount recognised as an||
||expense under the appropriate heading in the SOFA.||
|**Support costs**|The charity has incurred expenditure on support costs.|No|
|**Volunteer help**|The value of any voluntary help received is not included in the|N/a|
||accounts but is described in the trustees’ annual report.||
|**Income from interest,**|This is included in the accounts when receipt is probable and the|N/a|
|**royalties and**|amount receivable can be measured reliably.||
|**dividends**|||
|**Income from**|Membership subscriptions received in the nature of a gift are|N/a|
|**membership**|recognised in Donations and Legacies.||
|**subscriptions**|||
|**Income from**|Membership subscriptions which gives a member the right to buy|N/a|
|**membership**|services or other benefts are recognised as income earned from||
|**subscriptions**|the provision of goods and services as income from charitable||
||activities.||
|**Settlement of**|Insurance claims are only included in the SoFA when the general|N/a|
|**insurance claims**|income recognition criteria are met (5.10 to 5.12 FRS102 SORP)||
||and are included as an item of other income in the SoFA.||
|**Investment gains and**|This includes any realised or unrealised gains or losses on the sale|N/a|
|**losses**|of investments and any gain or loss resulting from revaluing||
||investments to market value at the end of the year.||
|**EXPENDITURE AND LIABILITIES**|||
|**Liability recognition**|Liabilities are recognised where it is more likely than not that there|N/a|
||is a legal or constructive obligation committing the charity to pay||
||out resources and the amount of the obligation can be measured||
||with reasonable certainty.||
|**Governance and**|Support costs have been allocated between governance costs and|N/a|
|**support costs**|other support. Governance costs comprise all costs involving||
||public accountability of the charity and its compliance with||
||regulation and good practice.||
|**Governance and**|Support costs include central functions and have been allocated to|N/a|
|**support costs**|activity cost categories on a basis consistent with the use of||
||resources, eg allocating property costs by foor areas, or per||
||capita, staf costs by the time spent and other costs by their||
||usage.||
5
|**Grants with**|Where the charity gives a grant with conditions for its payment|N/a|
|---|---|---|
|**performance**|being a specifc level of service or output to be provided, such||
|**conditions**|grants are only recognised in the SoFA once the recipient of the||
||grant has provided the specifed service or output.||
|**Grants payable**|Where there are no conditions attaching to the grant that enables|N/a|
|**without performance**|the donor charity to realistically avoid the commitment, a liability||
|**conditions**|for the full funding obligation must be recognised.||
|**Redundancy cost**|The charity made no redundancy payments during the reporting|N/a|
||period.||
|**Deferred income**|No material item of deferred income has been included in the|N/a|
||accounts.||
|**Creditors**|The charity has creditors which are measured at settlement|N/a|
||amounts less any trade discounts||
|**Provisions for**|A liability is measured on recognition at its historical cost and then|N/a|
|**liabilities**|subsequently measured at the best estimate of the amount||
||required to settle the obligation at the reporting date||
|**Basic fnancial**|The charity accounts for basic fnancial instruments on initial|N/a|
|**instruments**|recognition as per paragraph 11.7 FRS102 SORP. Subsequent||
||measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.||
|**ASSETS**|||
|**Tangible fxed assets**|These are capitalised if they can be used for more than one year,|N/a|
|**for use by charity**|and cost at least £10,000.||
|**Tangible fxed assets**|They are valued at cost.|N/a|
|**for use by charity**|||
|**Tangible fxed assets**|The depreciation rates and methods used are disclosed in note|N/a|
|**for use by charity**|9.2.||
|**Intangible fxed**
**assets**|The charity has intangible fxed assets, that is, non-monetary
assets that do not have physical substance but are identifable|N/a|
||and are controlled by the charity through custody or legal rights.||
||The amortisation rates and methods used are disclosed in note 9.5||
|**Intangible fxed**|They are valued at cost.|N/a|
|**assets**|||
|**Heritage assets**|The charity has heritage assets, that is, non-monetary assets with|N/a|
||historic, artistic, scientifc, technological, geophysical or||
||environmental qualities that are held and maintained principally||
||for their contribution to knowledge and culture. The depreciation||
||rates and methods used as disclosed in note 9.6.1.4.||
|**Heritage assets**|They are valued at cost.|N/a|
|**Investments**|Fixed asset investments in quoted shares, traded bonds and|N/a|
||similar investments are valued at initially at cost and||
||subsequently at fair value (their market value) at the year end.||
||The same treatment is applied to unlisted investments unless fair||
||value cannot be measured reliably in which case it is measured at||
||cost less impairment.||
|**Investments**|Investments held for resale or pending their sale and cash and|N/a|
||cash equivalents with a maturity date of less than 1 year are||
||treated as current asset investments||
|**Stocks and work in**|Stocks held for sale as part of non-charitable trade are measured|N/a|
|**progress**|at the lower or cost or net realisable value.||
6
|**Stocks and work in**|Goods or services provided as part of a charitable activity are|N/a|
|---|---|---|
|**progress**|measured at net realisable value based on the service potential||
||provided by items of stock.||
|**Stocks and work in**|Work in progress is valued at cost less any foreseeable loss that is|N/a|
|**progress**|likely to occur on the contract.||
|**Debtors**|Debtors (including trade debtors and loans receivable) are|N/a|
||measured on initial recognition at settlement amount after any||
||trade discounts or amount advanced by the charity.||
||Subsequently, they are measured at the cash or other||
||consideration expected to be received.||
|**Current asset**|The charity has has investments which it holds for resale or|N/a|
|**investments**|pending their sale and cash and cash equivalents with a maturity||
||date less than one year. These include cash on deposit and cash||
||equivalents with a maturity date of less than one year held for||
||investment purposes rather than to meet short term cash||
||commitments as they fall due.||
|**Current asset**|They are valued at fair value except where they qualify as basic|N/a|
|**investments**|fnancial instruments.||
7
## **Note 3 Analysis of income**
**----- Start of picture text -----**
INCOME Unrestricte 2021/22 Prior year - Prior year - TOTAL
d funds Total 2020/21 2019/20 Prior year
Source £ £ £
Donations Public 3,847.8 3,847. 1,675.41 - 1,675.4
and Donations 9 89 1
legacies
Other 1,000.0 1,000. - 1,000.0 1,000.0
Donations 0 00 0 0
HMRC Gift Aid 1,289.8 1,289. - - -
9 89
Foundations 250,000.0 250,000. 325,000.00 527,040.0 852,040.0
0 00 0 0
TOTAL INCOME 256,137.78 256,137.7 326,675.41 528,040.0 854,715.4
8 0 1
**----- End of picture text -----**
**----- Start of picture text -----**
Note 3a) Analysis of Donations and
Legacies
Type Donor Unrestricte 2021/22 Prior year - Prior year - Total
d funds Total 2020/21 2019/20 Prior Year
£ £ £ £ £
Public Enthuse 3,847.8 3,847. 1,675.41 - 1,675.4
Donations Website 9 89 1
Other Hermes 1,000.0 1,000. - - -
Donations 0 00
Other Initial Deposit - - 1,000.0 1,000.0
Donations 0 0
Gift Aid HMRC Gift Aid 1,289.8 1,289. - - -
9 89
sub total 6,137.7 6,137. 1,675.41 1,000.0 2,675.4
8 78 0 1
Foundatio Ken Dodd 250,000.0 250,000. - 250,040.0 250,040.0
ns Foundation 0 00 0 0
Barclay - - 175,000.00 77,000.0 252,000.0
Foundation 0 0
Foyle - - 150,000.00 - 150,000.0
Foundation 0
Garfield - - - 200,000.0 200,000.0
Weston 0 0
sub total 250,000.0 250,000. 325,000.00 527,040.0 852,040.0
0 00 0 0
Total Donations and 256,137. 256,137.7 326,675.41 528,040. 854,715.4
legacies 78 8 00 1
**----- End of picture text -----**
**----- Start of picture text -----**
Note 4 Analysis of expenditure
Analysis Unrestricte 2021/22 Prior year - Prior year - TOTAL
d funds Total 2020/21 2019/20 Prior year
funds
£ £ £ £ £
Expenditure on raising funds:
Bank Charges 96. 96 69.00 80.00 149.00
00 .00
Enthuse Website 239. 239 239.99 - 239.99
Fees 99 .99
Fundraising Fees 12,960. 12,960 17,280.00 - 17,280.0
00 .00 0
**----- End of picture text -----**
8
**Total expenditure** 13,295. **13,295** _17,588.99_ 99 **.99**
_80.00_ _**17,668.9 9**_
**----- Start of picture text -----**
Note 5 Cash at bank and in hand
2021/22 Total Total Prior years
£ £
Short term cash investments (less than 3 months - -
maturity)
Short term deposits - -
Cash at bank and on hand 1,079,888.21 837,046.42
Other - -
Total 1,079,888.21 837,046.42
**----- End of picture text -----**
9
**Note 6 Reserves Policy**
## **SHAKESPEARE NORTH PLAYHOUSE CAPITAL CAMPAIGN**
## **RESERVES POLICY**
## **Introduction**
A reserves policy should set out:
- how much the charity needs to hold in reserve and why
- how and when the charity’s reserves can be spent
- how often the reserves policy will be reviewed
A charity may keep money aside as a reserve to protect it against drops in income or allow it to take advantage of new spending opportunities. If setting aside money for a specific purpose, such as building works, a charity should make it clear that this is separate from the charity’s general reserves.
## **Reserve Policy**
The Shakespeare North Playhouse Capital Campaign exists to raise funding for the capital construction costs of the Shakespeare North Playhouse.
- The only costs incurred by the Shakespeare North Playhouse Capital Campaign will relate to: a) direct fundraising costs; and
- b) the costs of maintaining a bank account.
After any such costs are properly incurred, the full balance of funds will be transferred to Knowsley Council (as owner of the Playhouse). This will represent the full contribution of the Shakespeare North Playhouse Capital Campaign to the capital costs incurred by the Council.
No other commitments will fall upon the Shakespeare North Playhouse Capital Campaign.
There is therefore no requirement for the Shakespeare North Playhouse Capital Campaign to hold reserves.
POLICY DATED: 8 March 2023
REVIEW DATE: 2 years after date of policy
10
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
Charity Name
**Report to the** Charity Name SHAKESPEARE NORTH PLAYHOUSE CAPITAL CAMPAIGN **trustees/ members of** (formerly Shakespeare North Playhouse Trust)
**On accounts for the** 31 March 2022 **Charity** 1172498 **year ended no**
**Set out on pages** 3 to 9
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2022.
**Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and 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.
## **Independent** The charity’s gross income exceeded £250,000 and I am qualified **examiner's** to undertake the examination by being a qualified member of the **statement** Chartered Institute of Public Finance and Accountancy _._
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
> **Signed: C Cairns Date:** 13/03/2023
**Name:** Catherine Cairns
1
**Relevant** Chartered Institute of Public Finance and Accountancy **professional qualification(s) or body (if any):**
**Address:** Knowsley Borough Council Archway Road, Huyton L36 9YZ
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
None
2
## **Shakespeare North Playhouse Capital Campaign Charity number: 1172498**
## **Accounts For Period 1 April 2021 to 31 March 2022**
|**Statement of fnancial**
**activities**|**Statement of fnancial**
**activities**|**Statement of fnancial**
**activities**|**Statement of fnancial**
**activities**|
|---|---|---|---|
|**Categories by activity**
Note
**Unrestricted**
**funds**
**Total funds**
**2021/22**
**Prior year**
**funds**
**£**
**£**
**£**
**Incoming resources**
Donations and legacies
3
256,137.7
8
256,137.7
8
854,715.4
1
**Total**
**256,137.**
**78**
**256,137.**
**78**
**854,715.**
**41**
**Resources expended**
Raising funds
4
13,295.9
9
13,295.9
9
17,668.9
9
**Total**
**13,295.**
**99**
**13,295.**
**99**
**17,668.**
**99**
**Net income/(expenditure) before**
**investment gains/(losses)**
242,841.7
9
242,841.7
9
837,046.4
2
Net gains/(losses) on investments
-
-
-
**Net income/(expenditure)**
242,841.7
9
242,841.7
9
837,046.4
2
**Extraordinary items**
-
-
-
**Transfers between funds**
-
-
-
**Other recognised gains/(losses)**
-
-
-
**Net movement in funds**
242,841.7
9
242,841.7
9
837,046.4
2
**Reconciliation of funds**
**Total funds brought forward**
837,046.4
2
837,046.4
2
-
**Total funds carried forward**
1,079,888.2
1
1,079,888.2
1
837,046.4
2||||
||1,079,888.2
1|1,079,888.2
1|837,046.4
2|
3
|**Balance sheet at 31 March 2022**|**Balance sheet at 31 March 2022**|**Balance sheet at 31 March 2022**|**Balance sheet at 31 March 2022**|
|---|---|---|---|
|Note
s
**Unrestricted**
**funds**
**Total this year**
**Total last**
**year (31**
**March 2021)**
**£**
**£**
**£**
**Assets**
**Cash at bank and in hand**
5
1,079,888.2
1
1,079,888.21
837,046.
42
**_Total assets_**
1,079,888.2
1
1,079,888.21
837,046.
42
**Creditors: amounts falling due**
**within one year**
-
-
-
**_Total assets less current_**
**_liabilities_**
1,079,888.2
1
1,079,888.21
837,046.
42
**Creditors: amounts falling due**
**after one year**
-
-
-
**Provisions for liabilities**
-
-
-
**_Total net assets_**
1,079,888.2
1
1,079,888.21
837,046.
42
**Funds of the Charity**
**Unrestricted funds**
6
1,079,888.2
1
1,079,888.21
-
**_Total funds_**
1,079,888.2
1
1,079,888.21
-||||
||1,079,888.2
1|1,079,888.21|-|
||1,079,888.2
1|1,079,888.21|-|
4
## **Notes to the accounts**
## **Note 1 Basis of preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
• the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
- the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- the Charities Act 2011.
## **1.2 Going**
## **concern**
Not applicable
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined above.
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
## **1.5 Material prior year**
## **errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
5
## **Note 2 Accounting policies**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
## **INCOME**
|**INCOME**|||
|---|---|---|
|**Recognition of**|These are included in the Statement of Financial Activities (SoFA)|Yes|
|**income**|when:||
||· the charity becomes entitled to the resources;||
||· it is more likely than not that the trustees will receive the resources;||
||and||
||· the monetary value can be measured with sufcient reliability.||
|**Ofsetting**|There has been no ofsetting of assets and liabilities, or income|Yes|
||and expenses, unless required or permitted by the FRS 102 SORP||
||or FRS 102.||
|**Grants and donations**|Grants and donations are only included in the SoFA when the|Yes|
||general income recognition criteria are met (5.10 to 5.12 FRS102||
||SORP).||
|**Grants and donations**|In the case of performance related grants, income must only be|N/a|
||recognised to the extent that the charity has provided the||
||specifed goods or services as entitlement to the grant only occurs||
||when the performance related conditions are met (5.16 FRS 102||
||SORP).||
|**Legacies**|Legacies are included in the SOFA when receipt is probable, that|N/a|
||is, when there has been grant of probate, the executors have||
||established that there are sufcient assets in the estate and any||
||conditions attached to the legacy are either within the control of||
||the charity or have been met.||
|**Government grants**|The charity has received government grants in the reporting|N/a|
||period||
|**Tax reclaims on**|Gift Aid receivable is included in income when there is a valid|Yes|
|**donations and gifts**|declaration from the donor. Any Gift Aid amount recovered on a||
||donation is considered to be part of that gift and is treated as an||
||addition to the same fund as the initial donation unless the donor||
||or the terms of the appeal have specifed otherwise.||
|**Contractual income**|This is only included in the SoFA once the charity has provided the|N/a|
|**and performance**|related goods or services or met the performance related||
|**related grants**|conditions.||
|**Donated goods**|Donated goods are measured at fair value (the amount for which|N/a|
||the asset could be exchanged) unless impractical to do so.||
|**Donated goods**|The cost of any stock of goods donated for distribution to|N/a|
||benefciaries is deemed to be the fair value of those gifts at the||
||time of their receipt and they are recognised on receipt. In the||
||reporting period in which the stocks are distributed, they are||
||recognised as an expense at the carrying amount of the stocks at||
||distribution.||
|**Donated goods**|Donated goods for resale are measured at fair value on initial|N/a|
||recognition, which is the expected proceeds from sale less the||
||expected costs of sale, and recognised in 'Income from other||
||trading activities' with the corresponding stock recognised in the||
||balance sheet. On its sale the value of stock is charged against||
6
'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
|**Donated goods**|Goods donated for on-going use by the charity are recognised as|N/a|
|---|---|---|
||tangible fxed assets and included in the SoFA as incoming||
||resources when receivable.||
|**Donated goods**|Gifts in kind for use by the charity are included in the SoFA as|N/a|
||income from donations when receivable.||
|**Donated services and**|Donated services and facilities are included in the SOFA when|N/a|
|**facilities**|received at the value of the gift to the charity provided the value||
||of the gift can be measured reliably.||
|**Donated services and**|Donated services and facilities that are consumed immediately are|N/a|
|**facilities**|recognised as income with an equivalent amount recognised as an||
||expense under the appropriate heading in the SOFA.||
|**Support costs**|The charity has incurred expenditure on support costs.|No|
|**Volunteer help**|The value of any voluntary help received is not included in the|N/a|
||accounts but is described in the trustees’ annual report.||
|**Income from interest,**|This is included in the accounts when receipt is probable and the|N/a|
|**royalties and**|amount receivable can be measured reliably.||
|**dividends**|||
|**Income from**|Membership subscriptions received in the nature of a gift are|N/a|
|**membership**|recognised in Donations and Legacies.||
|**subscriptions**|||
|**Income from**|Membership subscriptions which gives a member the right to buy|N/a|
|**membership**|services or other benefts are recognised as income earned from||
|**subscriptions**|the provision of goods and services as income from charitable||
||activities.||
|**Settlement of**|Insurance claims are only included in the SoFA when the general|N/a|
|**insurance claims**|income recognition criteria are met (5.10 to 5.12 FRS102 SORP)||
||and are included as an item of other income in the SoFA.||
|**Investment gains and**|This includes any realised or unrealised gains or losses on the sale|N/a|
|**losses**|of investments and any gain or loss resulting from revaluing||
||investments to market value at the end of the year.||
|**EXPENDITURE AND LIABILITIES**|||
|**Liability recognition**|Liabilities are recognised where it is more likely than not that there|N/a|
||is a legal or constructive obligation committing the charity to pay||
||out resources and the amount of the obligation can be measured||
||with reasonable certainty.||
|**Governance and**|Support costs have been allocated between governance costs and|N/a|
|**support costs**|other support. Governance costs comprise all costs involving||
||public accountability of the charity and its compliance with||
||regulation and good practice.||
|**Governance and**|Support costs include central functions and have been allocated to|N/a|
|**support costs**|activity cost categories on a basis consistent with the use of||
||resources, eg allocating property costs by foor areas, or per||
||capita, staf costs by the time spent and other costs by their||
||usage.||
7
|**Grants with**|Where the charity gives a grant with conditions for its payment|N/a|
|---|---|---|
|**performance**|being a specifc level of service or output to be provided, such||
|**conditions**|grants are only recognised in the SoFA once the recipient of the||
||grant has provided the specifed service or output.||
|**Grants payable**|Where there are no conditions attaching to the grant that enables|N/a|
|**without performance**|the donor charity to realistically avoid the commitment, a liability||
|**conditions**|for the full funding obligation must be recognised.||
|**Redundancy cost**|The charity made no redundancy payments during the reporting|N/a|
||period.||
|**Deferred income**|No material item of deferred income has been included in the|N/a|
||accounts.||
|**Creditors**|The charity has creditors which are measured at settlement|N/a|
||amounts less any trade discounts||
|**Provisions for**|A liability is measured on recognition at its historical cost and then|N/a|
|**liabilities**|subsequently measured at the best estimate of the amount||
||required to settle the obligation at the reporting date||
|**Basic fnancial**|The charity accounts for basic fnancial instruments on initial|N/a|
|**instruments**|recognition as per paragraph 11.7 FRS102 SORP. Subsequent||
||measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.||
|**ASSETS**|||
|**Tangible fxed assets**|These are capitalised if they can be used for more than one year,|N/a|
|**for use by charity**|and cost at least £10,000.||
|**Tangible fxed assets**|They are valued at cost.|N/a|
|**for use by charity**|||
|**Tangible fxed assets**|The depreciation rates and methods used are disclosed in note|N/a|
|**for use by charity**|9.2.||
|**Intangible fxed**
**assets**|The charity has intangible fxed assets, that is, non-monetary
assets that do not have physical substance but are identifable|N/a|
||and are controlled by the charity through custody or legal rights.||
||The amortisation rates and methods used are disclosed in note 9.5||
|**Intangible fxed**|They are valued at cost.|N/a|
|**assets**|||
|**Heritage assets**|The charity has heritage assets, that is, non-monetary assets with|N/a|
||historic, artistic, scientifc, technological, geophysical or||
||environmental qualities that are held and maintained principally||
||for their contribution to knowledge and culture. The depreciation||
||rates and methods used as disclosed in note 9.6.1.4.||
|**Heritage assets**|They are valued at cost.|N/a|
|**Investments**|Fixed asset investments in quoted shares, traded bonds and|N/a|
||similar investments are valued at initially at cost and||
||subsequently at fair value (their market value) at the year end.||
||The same treatment is applied to unlisted investments unless fair||
||value cannot be measured reliably in which case it is measured at||
||cost less impairment.||
|**Investments**|Investments held for resale or pending their sale and cash and|N/a|
||cash equivalents with a maturity date of less than 1 year are||
||treated as current asset investments||
|**Stocks and work in**|Stocks held for sale as part of non-charitable trade are measured|N/a|
|**progress**|at the lower or cost or net realisable value.||
8
|**Stocks and work in**|Goods or services provided as part of a charitable activity are|N/a|
|---|---|---|
|**progress**|measured at net realisable value based on the service potential||
||provided by items of stock.||
|**Stocks and work in**|Work in progress is valued at cost less any foreseeable loss that is|N/a|
|**progress**|likely to occur on the contract.||
|**Debtors**|Debtors (including trade debtors and loans receivable) are|N/a|
||measured on initial recognition at settlement amount after any||
||trade discounts or amount advanced by the charity.||
||Subsequently, they are measured at the cash or other||
||consideration expected to be received.||
|**Current asset**|The charity has has investments which it holds for resale or|N/a|
|**investments**|pending their sale and cash and cash equivalents with a maturity||
||date less than one year. These include cash on deposit and cash||
||equivalents with a maturity date of less than one year held for||
||investment purposes rather than to meet short term cash||
||commitments as they fall due.||
|**Current asset**|They are valued at fair value except where they qualify as basic|N/a|
|**investments**|fnancial instruments.||
9
## **Note 3 Analysis of income**
**----- Start of picture text -----**
INCOME Unrestricte 2021/22 Prior year - Prior year - TOTAL
d funds Total 2020/21 2019/20 Prior year
Source £ £ £
Donations Public 3,847.8 3,847. 1,675.41 - 1,675.4
and Donations 9 89 1
legacies
Other 1,000.0 1,000. - 1,000.0 1,000.0
Donations 0 00 0 0
HMRC Gift Aid 1,289.8 1,289. - - -
9 89
Foundations 250,000.0 250,000. 325,000.00 527,040.0 852,040.0
0 00 0 0
TOTAL INCOME 256,137.78 256,137.7 326,675.41 528,040.0 854,715.4
8 0 1
**----- End of picture text -----**
**----- Start of picture text -----**
Note 3a) Analysis of Donations and
Legacies
Type Donor Unrestricte 2021/22 Prior year - Prior year - Total
d funds Total 2020/21 2019/20 Prior Year
£ £ £ £ £
Public Enthuse 3,847.8 3,847. 1,675.41 - 1,675.4
Donations Website 9 89 1
Other Hermes 1,000.0 1,000. - - -
Donations 0 00
Other Initial Deposit - - 1,000.0 1,000.0
Donations 0 0
Gift Aid HMRC Gift Aid 1,289.8 1,289. - - -
9 89
sub total 6,137.7 6,137. 1,675.41 1,000.0 2,675.4
8 78 0 1
Foundatio Ken Dodd 250,000.0 250,000. - 250,040.0 250,040.0
ns Foundation 0 00 0 0
Barclay - - 175,000.00 77,000.0 252,000.0
Foundation 0 0
Foyle - - 150,000.00 - 150,000.0
Foundation 0
Garfield - - - 200,000.0 200,000.0
Weston 0 0
sub total 250,000.0 250,000. 325,000.00 527,040.0 852,040.0
0 00 0 0
Total Donations and 256,137. 256,137.7 326,675.41 528,040. 854,715.4
legacies 78 8 00 1
**----- End of picture text -----**
**----- Start of picture text -----**
Note 4 Analysis of expenditure
Analysis Unrestricte 2021/22 Prior year - Prior year - TOTAL
d funds Total 2020/21 2019/20 Prior year
funds
£ £ £ £ £
Expenditure on raising funds:
Bank Charges 96. 96 69.00 80.00 149.00
00 .00
Enthuse Website 239. 239 239.99 - 239.99
Fees 99 .99
Fundraising Fees 12,960. 12,960 17,280.00 - 17,280.0
00 .00 0
**----- End of picture text -----**
10
**Total expenditure** 13,295. **13,295** _17,588.99_ 99 **.99**
_80.00_ _**17,668.9 9**_
**----- Start of picture text -----**
Note 5 Cash at bank and in hand
2021/22 Total Total Prior years
£ £
Short term cash investments (less than 3 months - -
maturity)
Short term deposits - -
Cash at bank and on hand 1,079,888.21 837,046.42
Other - -
Total 1,079,888.21 837,046.42
**----- End of picture text -----**
11
**Note 6 Reserves Policy**
## **SHAKESPEARE NORTH PLAYHOUSE CAPITAL CAMPAIGN**
## **RESERVES POLICY**
## **Introduction**
A reserves policy should set out:
- how much the charity needs to hold in reserve and why
- how and when the charity’s reserves can be spent
- how often the reserves policy will be reviewed
A charity may keep money aside as a reserve to protect it against drops in income or allow it to take advantage of new spending opportunities. If setting aside money for a specific purpose, such as building works, a charity should make it clear that this is separate from the charity’s general reserves.
## **Reserve Policy**
The Shakespeare North Playhouse Capital Campaign exists to raise funding for the capital construction costs of the Shakespeare North Playhouse.
- The only costs incurred by the Shakespeare North Playhouse Capital Campaign will relate to: a) direct fundraising costs; and
- b) the costs of maintaining a bank account.
After any such costs are properly incurred, the full balance of funds will be transferred to Knowsley Council (as owner of the Playhouse). This will represent the full contribution of the Shakespeare North Playhouse Capital Campaign to the capital costs incurred by the Council.
No other commitments will fall upon the Shakespeare North Playhouse Capital Campaign.
There is therefore no requirement for the Shakespeare North Playhouse Capital Campaign to hold reserves.
POLICY DATED: 8 March 2023
REVIEW DATE: 2 years after date of policy
12