## **True Colours Theatre**
Trustees Report and Financial Statements For The Year Ended 2 November 2021
Charity No. 1192136
## **Legal and Administrative Information**
Name:
## **True Colours Theatre**
Reg'd Charity No: 1192136 Trustees: Dan Murphy Chair Sophia Ainsworth Vice Chair Malcolm Cain Treasurer Alison Henderson Safeguarding Lead Chris Renforth Nicola Warren Zoe Moat Gemma Jenkins Ian Shaw David Rowell
Address: True Colours Theatre The Oxford Centre West Farm Avenue NEWCASTLE UPON TYNE NE12 8LT Independent Examiner: Mark Thompson MAAT VODA Linskill Centre Linskill Terrace North Shields NE30 2AY
## **Trustees' Annual Report 2020-21**
## **Objectives and Activities**
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society
True Colours Theatre provide inclusive performing arts classes for children and adults. Over 99% of our members have additional needs and /or disabilities. Our classes take place in North and South Tyneside every weekend and we have a current membership of 145. We also offer outreach programmes for organisations and charities.
All trustees of True Colours Theatre carry out their duties with regard to the public benefit as set out by the charity commission.
## **Achievements and Performance**
True Colours Theatre has supported 145 children to access performing arts classes and a further 800 through partnership working. We have uncreased membership by 200% since the first lockdown and have supported families through the challenges people with additional needs have faced during this pandemic. We have been awarded the spirit of North Tyneside for the support provided during times of the most strict covid restrictions, as well as the sense award for community partner of the year, and we have been shortlisted from 55000 nominations to become finalists in the ITV national diversity awards.
## **Financial Review**
The purpose of the Reserve Policy for True Colours Theatre is to ensure the stability of the programs, employment, and ongoing operations of the charity. The Operating Reserve is intended to provide an internal source of funds for situations such as a sudden increase in expenses, one time unbudgeted expenses, unanticipated loss in funding, or uninsured losses.
The Reserves Policy at the year end, stands at £5,796, which represents 3 months operating costs, including staffing and room hire.
We currently have no concerns. As the charity has been successful in securing funding over the past 12 months and the charity also has income from the operational business.
## **Structure, Governance and Management**
We ask all nominated trustees to submit an application form. The current trustees then vote to decide whether the appointment would be beneficial to the charity.
## **Trustees’ Responsibilities in relation to Financial Statements**
Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 1993.
Signed: ………….………...……Chair, on behalf of Trustees
Date
## **INDEPENDENT EXAMINER'S REPORT**
## **Report to the True Colours Theatre trustees of**
|**On accounts for**
**the year ended**|**2 November 2021**
**Charity no**
**1192136**|
|---|---|
|**Respective**|The charity's trustees consider that an audit is not required for this year|
|**responsibilities of**|(under section 43(2) of the Charities Act 1993 (the Act)) and that an|
|**trustees and**|independent examination is needed.|
|**examiner**|It is my responsibility to|
||• examine the accounts (under section 43 of the Act),|
||• follow the procedures laid down in the General Directions given by the|
||Charity Commission (under section 43(7)(b) of the Act), and|
||• state whether particular matters have come to my attention.|
|**Basis of**|My examination was carried out in accordance with General Directions|
|**independent**|given by the Charity Commissioners. An examination includes a review|
|**examiner’s**|of the accounting records kept by the charity and a comparison of the|
|**statement**|accounts presented with those records. It also includes consideration of|
||any unusual items or disclosures in the accounts, and seeking|
||explanations from the trustees concerning any such matters. The|
||procedures undertaken do not provide all the evidence that would be|
||required in an audit, and consequently I do not express an audit opinion|
||on the accounts.|
|**Independent**|In the course of my examination, no matter has come to my attention:|
|**examiner's**|1. which gives me reasonable cause to believe that in, any material|
|**statement**|respect, the trustees have not met the requirements to ensure that:|
||• proper accounting records are kept (in accordance with section 41 of|
||the Act); and|
||• accounts are prepared which agree with the accounting records and|
||comply with the accounting requirements of the Act; or|
||2. to which, in my opinion, attention should be drawn in order to enable a|
||proper understanding of the accounts to be reached.|
**Signed: Date: 4 February 2022 Name:** Mark Thompson MAAT **Address:** VODA Linskill Centre Linskill Terrace North Shields NE30 2AY
## **True Colours Theatre**
## **Statement of Financial Activities for the year ended 2 November 2021**
|**Receipts**
Transfer from Unincorporated Association
Grants
**2**
Donations/fundraising (events)
Fees
Outreach
Merchandise
Miscellaneous*
**Total Receipts**
**Payments**
Class Materials and Equipment
Contractor Payments
Event Costs
Insurance
Merchandise
Office Equipment
Room Rental
Travel Expenses
Website Costs
Miscellaneous
**Total Payments**
Surplus / deficit for the year
Funds as at 3 November 2020
**Funds at 2 November 2021**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2021**
**2021**
**2021**
2880
2880
3000
10758
13758
5588
5588
11547
11547
2034
2034
1113
1113
593
593|
|---|---|
||**26755**
**10758**
**37513**|
||0
7200
7200
4224
4224
3046
3558
6604
830
830
3174
3174
1047
1047
4644
4644
1186
1186
134
134
778
778|
||**19064**
**10758**
**29822**|
||7691
0
7691
0
0
0|
||**7691**
**0**
**7691**|
## **True Colours Theatre**
## **Balance Sheet as at 3 November 2021**
|||**2021**|
|---|---|---|
|||**£**|
||**Notes**||
|**Current Assets**|||
|Cash at Bank & in Hand||7691|
|**Total Cash Balances**||**7691**|
|**Current Liabilities**||**0**|
|**For the year ended 31 March 2021**||**7691**|
|**Represented By:**|||
|Restricted Funds|**5**|0|
|Unrestricted Funds|**6**|7691|
|||**7691**|
Chairperson Signed …………….……………………… Position ……………………. Treasurer Signed …………….……………………… Position …………………….
20/02/2022 Date ……………………………………….
## **True Colours Theatre**
## **Notes to the accounts, 2021**
## **1. Basis of accounts**
The financial have been prepared in accordance with 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 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006
True Colours Theatre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **2. Grants Received:**
|**Grants Received:**
National Lottery
NTC Capacity Fund
Ecclesiastical
Arnold Clark
NTC HAF
Persimmon|**Restricted**
**Unrestricted**
**Total**
6736
6736
833
833
1000
1000
1000
1000
3189
3189
1000
1000|
|---|---|
||**10758**
**3000**
**13758**|
## **3. Trustees and Staff**
No staff were employed directly during the financial period.
## **4. Costs of financial services**
The cost for the Independent Examination for the financial period will be £300.
## **5 Restricted Funds balance at 2 November 2021 2021**
|National Lottery
NTC Capacity Fund
NTC HAF
**Restricted Funds c/fwd to 2021-22**
**6**
**Unrestricted Funds**
Total Unrestriced Funds
Reserves (as per policy - 3 months running
costs)
**Free Reserves**|**Balance at**
**Balance at**
**Nov 2020**
**Income**
**Expend**
**Nov 2021**
6736
6736
0
833
833
0
3189
3189
0|
|---|---|
||0
10758
10758
0|
||7691
5796
**1895**|