2024-03-31-accounts - Wisbech Theatre Trust

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REGISTERED CHARITY NUMBER: 1173321

Trustees' Report and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wisbech Theatre Trust

Stephenson Smart (East Anglia) Limited 2 The Crescent Wisbech Cambridgeshire PE13 1EH

Contents of the Financial Statements for the Year Ended 31 March 2024

Wisbech Theatre Trust

	Page
Reference and Administrative Details	1
Trustees' Report	2 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Statement of Financial Position	7 to 8
Statement of Cash Flows	9
Notes to the Statement of Cash Flows	10
Notes to the Financial Statements	11 to 21
Detailed Statement of Financial Activities	22 to 23

Wisbech Theatre Trust

Reference and Administrative Details for the Year Ended 31 March 2024

Trustees	Mr M Peploe
	Mr R M J Williams
	Mr A J Cooper
	Mrs A Nixon, Chairman
	Mrs L O'Connor, Secretary
	Mr J P Connolly
	Mr J Shippey (appointed 1.7.2024)
Principal address	The Angles Theatre
	Alexandra Road
	Wisbech
	Cambridgeshire
	PE13 1HQ
Registered charity number	1173321
Independent examiner	Stephenson Smart (East Anglia) Limited
	2 The Crescent
	Wisbech
	Cambridgeshire
	PE13 1EH
Solicitors	Fraser Dawbarns LLP
	1-3 York Row
	Wisbech
	Cambridgeshire
	PE13 1EA
Website	www.anglestheatre.co.uk

Wisbech Theatre Trust

Trustees' Report for the Year Ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 (FRS 102) (effective 1 January 2019).

Objectives and activities

Policies and objectives

The Charity exists to foster and promote:-

a) the maintenance, improvement and development of the Angles Theatre in Wisbech;

b) the knowledge, understanding and appreciation of the arts amongst the inhabitants of Wisbech and its environs.

Activities for achieving objectives

The theatre produces an annual pantomime, various musicals and plays aimed at both the youth and adult market and puts on a variety of professional performances throughout the year. It hires its facilities to other local groups and a dance school. It also runs termly classes through its educational subsidiary, Wisbech School of Performing Arts Ltd, and annual summer workshops for its youth membership.

Achievement and performance

Review of activities

This financial year saw the cost of living crisis hit it's peak with dramatic increases in energy costs. In the year ending March 2024, light and heat expenditure was £23,269 compared to March 2023 - £10,091. This increase in cost has a dramatic effect on the charities capability to run a full programme of events and classes. Programming was reduced to mitigate the increase in cost. During the year, our inhouse company still mounted several financially successful productions including Frozen Jr, Six Teen Edition and our yearly pantomime - Goldilocks and the Three Bears. All of these productions were nominated for regional awards, with Six: Teen Edition winning its category as well as Best Overall Production.

Our subsidiary The Wisbech School of Performing Arts continues to promote our classes to young people in various disciplines including musical theatre, graded dance classes and exams and holiday workshops.

During the year ending March 2024, Donations, Grants and Subscriptions were increased as well as ticket sales from our inhouse productions. Our cash loss for the year after charging depreciation of £13,665 was £1,248. We also incurred irrecoverable VAT of £8,912 for the year.

The trustees continue to monitor all costs and promote new ways of income generation.

Financial review

Financial and risk management objectives and policies

The trustees use QuickBooks accounting software and Sage forecasting software to generate regular reports and provide an up to date statement as to the financial position of the trust at any one time.

Wisbech Theatre Trust

Trustees' Report for the Year Ended 31 March 2024

Financial review

Principal risks and uncertainties

The trustees are continuing to review all of the Charity's operations and developing a strategic plan to set out the major opportunities available to the Charity and the risks to which it is exposed.

As part of this process, the trustees are reviewing the risk management strategy which comprises:

an annual review of the risks which the Charity may face;
the establishment of systems and procedures to mitigate those risks identified in the plan;
the implementation of procedures designed to minimise any potential impact on the Charity should any of these risks materialise.

The trustees have identified certain major risks as follows:

the reduction in donations from a local Charity, currently £1,666 per month.

The Charity considers that the most effective way to mitigate these risks is to reduce costs to an absolute minimum but not at the risk of comprising the provision of a quality facility to our customers, to grow the number of students in our educational subsidiary company The Wisbech School of Performing Arts Ltd and to earnestly seek funding and grants to maintain and improve our facilities.

Reserves policy

The trustees have examined the Charity's requirements for reserves in the light of the main risks to the organisation and have taken steps to substantially reduce expenditure in the short to medium term to turn the Charity's net current liabilities into net current assets. Once this has been achieved, the trustees will look at the level of reserves needed to run the Charity year on year.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Future plans

The trustees plans in the next year to:-

a) Undergo capital works to improve the customer experience

b) Continue to rebuild our audience profile and numbers by more targeted marketing.

c) Enlist the support of professional organisations to increase our donations and charitable income.

d) Expand further the quantity and variety of in house productions by introducing additional experienced directors.

e) Audit the board's skill set and use the results to further improve the board's skill mix and efficiency.

f) Explore further partnerships with the community.

g) Maintain the level of reserves to mitigate the reliance upon voluntary donations to the Charity, to enable it to meet its obligations and to expand the activities it undertakes in the Wisbech area.

Wisbech Theatre Trust

Trustees' Report for the Year Ended 31 March 2024

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Charity constitution

The Wisbech Theatre Trust is constituted by a deed of trust dated 10th May 2017 for the purpose of fostering and promoting the performance arts in Wisbech and the surrounding area.

There have been no changes in the objectives since the last annual report.

Policies adopted for the induction and training of trustees

New Trustees meet with the current board and are given copies of the last financial statements, constitution and budgets

Organisational structure and decision making

A board of trustees of up to twelve members, who meet monthly, to administer the Charity.

The board of trustees is appointed by the members of the Wisbech Theatre Trust at each Annual General Meeting. Of the board so appointed, half retire each year and are eligible for re-appointment, those members retiring having served the longest time in office. Additionally, the Board may itself appoint members to fill any casual vacancy it has and these members offer themselves for re-election at the Annual General Meeting following their appointment.

The trustees' have had due regard to the guidance published by the Charity Commission on Public Benefit

Related parties

The Charity has one related party, its educational subsidiary The Wisbech School of Performing Arts Ltd .

Principal activities

The principal activities of the Charity are the furtherance of a community involvement in the performing, technical and creative arts and the production of theatrical shows and hire of its facilities in furtherance of its objectives.

Approved by order of the board of trustees on 28 January 2025 and signed on its behalf by:

Mr R M J Williams - Trustee

Independent Examiner's Report to the Trustees of Wisbech Theatre Trust

Independent examiner's report to the trustees of Wisbech Theatre Trust

I report to the charity trustees on my examination of the accounts of Wisbech Theatre Trust (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do 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.

Christopher Goad BFP FCA

Stephenson Smart (East Anglia) Limited 2 The Crescent Wisbech Cambridgeshire PE13 1EH

28 January 2025

Wisbech Theatre Trust

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted Restricted fund funds Notes £ £ Income and endowments from Donations and legacies 2 30,953 - Charitable activities Professional performances 2,923 - Refreshment sales 18,505 - Other premises hire 15,577 - Equipment hire 4,220 - Amateur performance costs 42,790 - Other 982 - Other trading activities 3 1,403 - Investment income 4 68 143 Total 117,421 143 Expenditure on Charitable activities 5 Support costs 85,196 - Professional performances 1,585 - General theatre expenses 1,889 - Refreshment sales 11,120 - Equipment hire 240 - Amateur performance costs 19,190 - Governance costs 4,345 - Unrecovered VAT 8,912 - Total 132,477 - NET INCOME/(EXPENDITURE) (15,056) 143 Reconciliation of funds Total funds brought forward 55,707 12,500 Total funds carried forward 40,651 12,643	31.3.24 Total funds £ 30,953 2,923 18,505 15,577 4,220 42,790 982 1,403 211 117,564 85,196 1,585 1,889 11,120 240 19,190 4,345 8,912 132,477 (14,913) 68,207 53,294	31.3.23 Total funds £ 25,688 1,728 20,551 14,668 3,375 35,402 2,656 3,396 28 107,492 82,626 3,000 3,092 12,213 2,846 18,332 4,458 7,738 134,305 (26,813) 95,020 68,207

The notes form part of these financial statements

Wisbech Theatre Trust

Statement of Financial Position

31 March 2024

Unrestricted Restricted fund funds Notes £ £ Fixed assets Tangible assets 10 58,809 - Investments 11 1 - 58,810 - Current assets Stocks 12 17,124 - Debtors 13 14,225 - Cash at bank and in hand 13,713 12,643 45,062 12,643 Creditors Amounts falling due within one year 14 (47,264) - Net current assets (2,202) 12,643 Total assets less current liabilities 56,608 12,643 Creditors Amounts falling due after more than one year 15 (15,957) - NET ASSETS 40,651 12,643	31.3.24 Total funds £ 58,809 1 58,810 17,124 14,225 26,356 57,705 (47,264) 10,441 69,251 (15,957) 53,294	31.3.23 Total funds £ 69,130 1 69,131 17,072 16,577 19,083 52,732 (36,766) 15,966 85,097 (16,890) 68,207

The notes form part of these financial statements

Wisbech Theatre Trust

Statement of Financial Position - continued 31 March 2024

Funds 17 Unrestricted funds Restricted funds Total funds	40,651 12,643 53,294	55,707 12,500 68,207

The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2025 and were signed on its behalf by:

Mr R M J Williams - Trustee

Mrs A Nixon, Chairman - Trustee

The notes form part of these financial statements

Wisbech Theatre Trust

Statement of Cash Flows for the Year Ended 31 March 2024

Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Cash flows from financing activities Loan repayments in year Net cash used in financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	31.3.24 £ 13,645 (641) 13,004 (3,343) 211 (3,132) (2,599) (2,599) 7,273 19,083 26,356	31.3.23 £ (11,431) (297) (11,728) (5,471) 28 (5,443) (17,587) (17,587) (34,758) 53,841 19,083

The notes form part of these financial statements

Wisbech Theatre Trust

Notes to the Statement of Cash Flows for the Year Ended 31 March 2024

1.
Reconciliation of net expenditure to net cash flow from operating activities
31.3.24
£
Net expenditure for the reporting period (as per the Statement of
Financial Activities)
(14,913)
Adjustments for:
Depreciation charges
13,665
Loss on disposal of fixed assets
-
Interest received
(211)
Interest paid
641
(Increase)/decrease in stocks
(52)
Decrease in debtors
2,352
Increase/(decrease) in creditors
12,163
Net cash provided by/(used in) operations
13,645
2.
Analysis of changes in net (debt)/funds
At 1.4.23
Cash flow
At
£
£
Net cash
Cash at bank and in hand
19,083
7,273
19,083
7,273
Debt
Debts falling due within 1 year
(5,400)
1,665
Debts falling due after 1 year
(16,890)
933
(22,290)
2,598
Total
(3,207)
9,871

31.3.23
£
(26,813)
16,713
6,522
(28)
297
926
1,472
(10,520)
(11,431)
31.3.24
£
26,356
26,356
(3,735)
(15,957)
(19,692)
6,664

The notes form part of these financial statements

Notes to the Financial Statements for the Year Ended 31 March 2024

Wisbech Theatre Trust

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
due to the Covid-19 pandemic and the closure of businesses under UK Government legislation, the Charity utilised the furlough scheme whereby the Government contributed towards the wage costs of the Charity. The amounts received are reported under grant income in the financial statements. The income is reported in the period that the relief relates.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

1. Accounting policies - continued

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.

Group accounts

Group accounts have not been prepared because the Charity, as a small reporting entity, is exempt from the requirement to prepare such accounts under Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

2. Donations and legacies

3.

Donations Grants receivable Subscriptions Grants received, included in the above, are as follows: Other grants Other trading activities Fundraising events	31.3.24 £ 25,246 5,000 707 30,953 31.3.24 £ 5,000 31.3.24 £ 1,403	31.3.23 £ 23,504 2,000 184 25,688 31.3.23 £ 2,000 31.3.23 £ 3,396

Grants received, included in the above, are as follows:

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

4. Investment income Deposit account interest 5. Charitable activities costs Support costs Professional performances General theatre expenses Refreshment sales Equipment hire Amateur performance costs Governance costs Unrecovered VAT	31.3.24 £ 211 Support Direct costs (see Costs note 6) £ £ - 85,196 1,585 - 1,889 - 11,120 - 240 - 19,190 - - 4,345 - 8,912 34,024 98,453	31.3.23 £ 28 Totals £ 85,196 1,585 1,889 11,120 240 19,190 4,345 8,912 132,477

Support costs
				Governance
		Management	Finance	costs	Totals
		£	£	£	£
Support costs		82,051	3,145	-	85,196
Governance costs		-	-	4,345	4,345
Unrecovered VAT		8,912	-	-	8,912
		90,963	3,145	4,345	98,453
Support costs, included in the	above, are as	follows:
				31.3.24	31.3.23
	Support	Governance	Unrecovered	Total	Total
	costs	costs	VAT	activities	activities
	£	£	£	£	£
Wages	4,186	-	-	4,186	6,300
Rent	6,405	-	-	6,405	6,180
Water	1,129	-	-	1,129	953
Light and heat	23,269	-	-	23,269	10,091
Repairs and renewals	4,119	-	-	4,119	2,716
Insurance	5,537	-	-	5,537	8,185
Advertising	2,301	-	-	2,301	3,335
Health and safety	779	-	-	779	279
Office and box office costs	9,869	-	-	9,869	9,871
Carried forward	57,594	-	-	57,594	47,910

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

6. Support costs - continued

Support costs - continued
				31.3.24	31.3.23
	Support	Governance	Unrecovered	Total	Total
	costs	costs	VAT	activities	activities
	£	£	£	£	£
Brought forward	57,594	-	-	57,594	47,910
Cleaning	6,190	-	-	6,190	4,420
Sundries	3,761	-	-	3,761	3,590
Unrecovered VAT	-	-	8,912	8,912	7,738
Motor and travel costs	200	-	-	200	899
Depreciation of tangible
and heritage assets	13,665	-	-	13,665	16,713
Loss on sale of tangible
fixed assets	-	-	-	-	6,522
Interest payable and similar
charges	641	-	-	641	297
Bank charges	3,145	-	-	3,145	2,311
Accountancy fees	-	450	-	450	450
Legal and other
professional	-	1,253	-	1,253	1,132
Independent exam fees	-	2,250	-	2,250	2,250
Trustee insurance	-	392	-	392	626
	85,196	4,345	8,912	98,453	94,858

7. Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

8. Staff costs

Staff costs
	31.3.24	31.3.23
	£	£
Wages and salaries	4,186	6,300
	4,186	6,300

The average monthly number of employees during the year was as follows:

	31.3.24	31.3.23
Support	1	2

No employees received emoluments in excess of £60,000.

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9.
Comparatives for the statement of financial activities
Unrestricted
Restricted
fund
funds
£
£
Income and endowments from
Donations and legacies
25,688
-
Charitable activities
Professional performances
1,728
-
Refreshment sales
20,551
-
Other premises hire
14,668
-
Equipment hire
3,375
-
Amateur performance costs
35,402
-
Other
2,656
-
Other trading activities
3,396
-
Investment income
6
22
Total
107,470
22
Expenditure on
Charitable activities
Support costs
82,626
-
Professional performances
3,000
-
General theatre expenses
3,092
-
Refreshment sales
12,213
-
Equipment hire
2,846
-
Amateur performance costs
18,332
-
Governance costs
4,458
-
Unrecovered VAT
7,738
-
Total
134,305
-
NET INCOME/(EXPENDITURE)
(26,835)
22
Reconciliation of funds
Total funds brought forward
82,542
12,478
Total funds carried forward
55,707
12,500

Total
funds
£
25,688
1,728
20,551
14,668
3,375
35,402
2,656
3,396
28
107,492
82,626
3,000
3,092
12,213
2,846
18,332
4,458
7,738
134,305
(26,813)
95,020
68,207

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

10. Tangible fixed assets

10.	Tangible fixed assets
		Fixtures
		and
		fittings
		£
	Cost
	At 1 April 2023	112,445
	Additions	3,343
	At 31 March 2024	115,788
	Depreciation
	At 1 April 2023	43,315
	Charge for year	13,664
	At 31 March 2024	56,979
	Net book value
	At 31 March 2024	58,809
	At 31 March 2023	69,130
11.	Fixed asset investments
		Shares in
		group
		undertakings
		£
	Market value
	At 1 April 2023 and 31 March 2024	1
	Net book value
	At 31 March 2024	1
	At 31 March 2023	1

There were no investment assets outside the UK.

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. Stocks Stocks 13. Debtors: amounts falling due within one year Trade debtors Amounts owed by group undertakings Prepayments and accrued income 14. Creditors: amounts falling due within one year Bank loans and overdrafts (see note 16) Trade creditors Taxation and social security Other creditors 15. Creditors: amounts falling due after more than one year Bank loans (see note 16) 16. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Other loans Amounts falling between one and two years: Bank loans	31.3.24 £ 17,124 31.3.24 £ 294 3,661 10,270 14,225 31.3.24 £ 2,735 22,562 161 21,806 47,264 31.3.24 £ 15,957 31.3.24 £ 2,735 1,000 3,735 15,957	31.3.23 £ 17,072 31.3.23 £ 990 8,051 7,536 16,577 31.3.23 £ 4,400 17,764 395 14,207 36,766 31.3.23 £ 16,890 31.3.23 £ 4,400 1,000 5,400 16,890

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

Movement in funds
			Net
		movement
	At 1.4.23		in funds	At 31.3.24
	£		£		£
Unrestricted funds
General fund	55,707		(15,056)	40,651
Restricted funds
Air-conditioning fund	8,305		99		8,404
Almary Green fund	20		34		54
Robert Hall - Seat safety fund	4,175		10		4,185
	12,500		143	12,643
TOTAL FUNDS	68,207		(14,913)	53,294
Net movement in funds, included in the above are as follows:
	Incoming	Resources		Movement
	resources	expended		in funds
	£		£		£
Unrestricted funds
General fund	117,421	(132,477)		(15,056)
Restricted funds
Air-conditioning fund	99		-		99
Almary Green fund	34		-		34
Robert Hall - Seat safety fund	10		-		10
	143		-		143
TOTAL FUNDS	117,564	(132,477)		(14,913)

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

17. Movement in funds - continued

Comparatives for movement in funds

			Net
		movement
At 1.4.22			in funds	At 31.3.23
	£		£		£
Unrestricted funds
General fund	82,542		(26,835)	55,707
Restricted funds
Air-conditioning fund	8,287		18		8,305
Almary Green fund	19		1		20
Robert Hall - Seat safety fund	4,172		3		4,175
	12,478		22	12,500
TOTAL FUNDS	95,020		(26,813)	68,207
Comparative net movement in funds, included in the above are as follows:
Incoming		Resources		Movement
resources		expended		in funds
	£		£		£
Unrestricted funds
General fund	107,470	(134,305)		(26,835)
Restricted funds
Air-conditioning fund	18		-		18
Almary Green fund	1		-		1
Robert Hall - Seat safety fund	3		-		3
	22		-		22
TOTAL FUNDS	107,492	(134,305)		(26,813)

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

17. Movement in funds - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net movement At 1.4.22 in funds At £ £ Unrestricted funds General fund 82,542 (41,891) Restricted funds Air-conditioning fund 8,287 117 Almary Green fund 19 35 Robert Hall - Seat safety fund 4,172 13 12,478 165 TOTAL FUNDS 95,020 (41,726)	31.3.24 £ 40,651 8,404 54 4,185 12,643 53,294

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	224,891	(266,782)	(41,891)
Restricted funds
Air-conditioning fund	117	-	117
Almary Green fund	35	-	35
Robert Hall - Seat safety fund	13	-	13
	165	-	165
TOTAL FUNDS	225,056	(266,782)	(41,726)

Wisbech Theatre Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

18. Other financial commitments

At 31 March 2023 the charity had annual commitments under non-cancellable operating leases as follows:

	31.3.24	31.3.23
Expiry date:	£	£
No later than 1 year	6,000	6,000
Between 2 - 5 years	24,000	24,000
Later than 5 years	123,500	129,500

19. Related party disclosures

During the year the charity received income from Wisbech School of Performing Arts Ltd, a subsidiary, amounting to £18,592 (2023 : £15,730). At the 31 March 2024 the amount owed by Wisbech School of Performing Arts was £3,661 (2023 : £8,051).

The charity purchased services from Tin Fish Creative Communications Limited, a company owned by Mrs A Nixon, amounting to £426 (2023 : £809). At the 31 March 2024 the amount owed to Tin Fish Creative Communications Limited was £578 (2023 : £152).

20. Controlling party

The charity has no overall controlling party.

Wisbech Theatre Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Income and endowments Donations and legacies Donations Grants receivable Subscriptions Other trading activities Fundraising events Investment income Deposit account interest Charitable activities Professional theatrical performances Bar, ice cream and confectionary sales Facilities hire Equipment hire Amateur theatrical performance Other Total incoming resources Expenditure Charitable activities Production costs Sundries Insurance Support costs Management Wages Rent Water Light and heat Carried forward	31.3.24 £ 25,246 5,000 707 30,953 1,403 211 2,923 18,505 15,577 4,220 42,790 982 84,997 117,564 33,275 54 695 34,024 4,186 6,405 1,129 23,269 34,989	31.3.23 £ 23,504 2,000 184 25,688 3,396 28 1,728 20,551 14,668 3,375 35,402 2,656 78,380 107,492 38,782 79 586 39,447 6,300 6,180 953 10,091 23,524

This page does not form part of the statutory financial statements

Wisbech Theatre Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Management Brought forward Repairs and renewals Insurance Advertising Health and safety Office and box office costs Cleaning Sundries Unrecovered VAT Motor and travel costs Fixtures and fittings Loss on sale of tangible fixed assets Loan Finance Bank charges Governance costs Accountancy fees Legal and other professional Independent exam fees Trustee insurance Total resources expended Net expenditure	31.3.24 £ 34,989 4,119 5,537 2,301 779 9,869 6,190 3,761 8,912 200 13,665 - 641 90,963 3,145 450 1,253 2,250 392 4,345 132,477 (14,913)	31.3.23 £ 23,524 2,716 8,185 3,335 279 9,871 4,420 3,590 7,738 899 16,713 6,522 297 88,089 2,311 450 1,132 2,250 626 4,458 134,305 (26,813)

This page does not form part of the statutory financial statements