Ch*rity r•91¥tion nuffir 1192136 TRUE COLOURS THEATRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
TRUE COLOURS THEATRE LEGAL AND ADMINISTRATIVE INFORMATION Truste9¥5 P Collins (Appc4ntod 26 May 20231 Z M081 A Blakernan K Elliott M C R¢nforth (Apwnted 8 February 20231 Charity numbèr 11¥2136 Prln¢lpal #4ldre88 Cc4(xJs Theatre Shafto Slre•t WalseThJ Newcastle upon Tyne NE28 7AL Independent ox*mln•r R£5( LaKllerA(xy)untants Limit Femwood House jes[Tr Nèweasik Tyne and EngEawxl NE2 1TJ Bankers Nab¢> Westminsler Bank Pk 16 Northumberland Slreel Newwue upon Tyne NE1 7EL
TRUE COLOURS THEATRE CONTENTS P40 Tru$lee$' reFKYt Ind8P6nd8nl exrnelS rwrt Sl¥lement of fnarKial ac"vthes Balanre Sheet Statement of cash tlows Notes to the finawal ststem&s 9-17
TRUE COLOURS THEATRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 The Trustees wewl I1'r annual ieport and financi statements l)r the year ded 31 O¢tob•r 2023. The fncl slatemerts have been prepared in ac[d wilh the OllIrtIng poli(i05 sel ¢>Ji in nota to thg fin8ncial ateMentS aTrJ comply wih the thafrty's goveming documenl. the ch'tieS Acl 2011 and "Accc#Jnting and Reporting by char.eS. Statement of Re(x)mmerkled Practte applicat4e to ¢harFts pieparino their a(%ounls in accordance with the FinaFKial Repothg Standard applicable in the UK and RepLJlie ol Ireld IFRS 1¢Y21" leffeGlive l January 20191. Obj'ectives and activths The charrty's objectiws are to Ffovide inckBNe tOrnI arts d•sses for ddren and young ajuls. The charty achioves rts (1.CtiVeS Ihfovgh the provision of se¥er ser¢5 indufles". True Colour5 Theatre prowde induswe performHvJ arts dasses foi thiklren and youThJ adults. 99°A of our members have additional needs. disah'lities, mental heatth. andlor part of LGTBQ community. Our dasses tako place in North Tyneside every weekend and we h¥ve a cwrent merrt)ership of 350. We aL%o ofler an allemabve educatKJnal provi510n lo ¢hildierTr lo struggle within a school l¥W0nMent. We offef OLrtrtr8th programmes foi or9anisation5 and charib"es. cieale a safe space. a ptrace ful of att@pla. where everyone can grL)w in n[lee wilhout any stigma or thfferefKe. Public benefit The Trustees have nsUed the guhjance m awlabbe by the Ch8rFty Commission Eryland and Wgles the Public Benefit requiremeni ol Ihe Charities Acl. The Trustees are nfIdent thal they have CC1mpèd wth thr duly Ltnder the Charrts Ad in that Ilw have ld due regard lo benefit gLHdance putrAi5hed by the commtssion. A¢hl•vgm•nts •nd p•rformanc• TrtsÈ Colours Thèatre has 5UPPOrted ovwr 300 thildfen and yotmg to &¢ess pertomw arts d8sse8 on 8 weekly basis and a lurtheT 81)0 Ihrough partnerS"p wilh olher organisalion5. We have increas8d membership by over 20N since last years pOrt and have conbnued to SUPPL¥t famils through challeeS, anXietS, social depriVatK. Cost of limng crisis. PfoViSKts Ic beiNJ a SEN I1 pfowjg shJnwst suppyt for familes dealiNJ with menlal health issues. Sinc outgrowirJ the pre¥ious rented spac. True Cclours Theatre We gNen a disused counul buikling which required exteiisive ienovaiion. 8BC's DIY SOS came to the rescue and compkted the renovation and now Tnje Colour5 Theatre have theii own LKJkJing lo hosl dasses and Ihis opene(I doors io brand projects. (¥Jportullitie8 and partAwships. The nborn $uccessfvlly io a sel (yjt audience at the Bay F¥ayhouse and ¢tir8 lo make furthef plans for amihtr performance at the venue in the future. Ak'sar and Truè Colours Theatrè also won several awards incjuding 's'rIt of North TYneIle. and The Departmtrni ol Reg*Jnal and Nauonal awards for the HAF holiday schemt. Finala1 review During the 2022123 financkil yeai Ihe chanty genwated a (rAuS 01 £479.214 of which £481,079 was unrestrirted and reslricled fuThJs resuhed in a deficit of1£1.865}. The surpfus was due primaity to an increase in Ihe level of charitable activtties, $u¢xesslul lundraigng and being successfully selecteil to be a part of the 88C's DIY SOS prtr3ramm8. At th8 year 8nd thg chW had nel assets ol [510.939 01 whth £8.626 was reslrict&d.
TRUE COLOURS THEATRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCT08ER 2023 ReThe¥ poli¢y It is the poIY of the charty that free reserv8s lunrestrided reserves not IJ"8d up in fixéd or othèr long tèrm assets) should be tEned at a level equivalenl to between three arKI wx month'5 expendrture. The trustees considers thal reserves at Ihis knel will SUre that. the event of a syJnifJcanl drop in funding. they will be able to cc¥)tit)u8 the Iharitls curreTrt acttwlies lIe eonsideratw 15 g¥en to ways in whKh addttional lunds may be raised. The ptJrw)se of this Rèser4s Poh"cy for Coknwa Theatre is lo seolre the statility of Ihe prwammes and the ongoing operations of the charity by provk"ng an thilernal Soufce tsf funds lor srtuatKJns sut as a sudden increaso in expenses, one tsme unbudgeta expense3, unantKwled k)s5 in Iwding. or Unured losses. The ReseeS 1$ lo rela¢n erKJgh free feseryes at any given time to support 3 months core eA)Sts linduding 51affing and room hirel which is currenlty est'mates as £23.OW. At 31 Odobgi 23 fvpe reserve5 stood at £49.737. There ale Thj going concem issues. The d)arity h•$ been suczes5fLA in wxrirvj over the past 12 months and also generated inueased fL¥vJs froffl lundrai5ing and its core purFt6e of the prOmsp of performing arts classas. StnKtstre, gavernart• ¥nd manag•m•nt The charity is controllèd by ils governing ¢knimented. a de8d of tr1 aThJ c4)nslilyies a Charlable Incorp(Kaled Organi$¥lion. The Iru51ees who SPr dur¥y Ihe year and 4) lo Ihè datè ol signaturt of Ihe finarKial statements Tmore.. J McFadzean P Collifis A Hendèrson D Mu¥phy N Warr¥n Z Moat I Shaw A Blakeman K E1140tt M C Renforth {Res9r 10 Apiil 2024) IAppointÈd 26 May 20231 IResNJned 18 March 20241 (Resi 20 O¢tobgI 20231 (Restsgrd 10Aw'l 20241 ['nIed B Few 20231 Reerultmènt and Ippointrngnt of trustees Trustees are appointed or ieappojnled annuaty at the knThJg1 General Meelwvj. We a8k al nominated trustees lo submit an appb"ca'on lorm. The cwrenl trustees lo whethw the appilmènl WO be benefickg110 the tharity. I Iruslees shall reb.re from offirA eath yoar at theAGM but we elyitle for i&electson. OrganiJ4tional stwcture The ¢h8rily Is governed by a Board of Tntstees. The Board meets as Is rewf&l. lo deal wjth any speufrt issues relating to the running of the cArity.
TRUE COLOURS THEATRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 The Trustees, rekx¥1 was approved by the of TIUsts. K Elliott Trn$tO0 Date". ai
TRUE COLOURS THEATRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRUE COLOURS THEATRE l report lo Ihe Trustees on my e¥•mwTratn of the ffinanrAal statements of True Cok)urs Thèatrè Ilhtr Charity) lor the year ended 31 October 2023. Responsibilitie5 and basls of report As the TnJ$l¢es ol the Charity you are responsible for the wepatson olthe finwKyal statements in a(rudanc4 wth the requirements of Ihe Charities Act 2011 {the 2011 Adl. I repcxl in respect ol my eXa8t of the Charity's rla1 statements earried oul under seLknn 145 of th8 2011 Act. In carrying out my examinalkjn I h8¥e all Ihe alble Directions given by the Charty Commission under str¢lion 14515Xbl of Itt0 2011 AGI. Indgpndenl ex4minerf5 Statement I have compleled my exarninalH. I confirm that no matters have c))me to my oll¢Aln in c¥)nnediorb with the •xamination giving me cause lo belb&ve Ihat in malerial resFtt. accounting reGoid5 were not kept in res of Ihe Charity a$ r•qUir1 by 130 ofthe 2011 Act.. or the financial slalements do [t accord with Ih05e records.. or Ihe financial 51atements do nol comF4y wrth Ihe ¥ylicalAe requiromgnts conMIng form and )ntnI (Jf accounls set out in the CharitJe5 {AcGowls and Reports) RegulatKJns 2QJ8 othpi than any Tequiremenl that the accounts givè a truè and fair vw which is not a matter as part of an Indepenllenl examination. I have no toncems and have c(¥ne no other matteT5 in C4)nnectl with the examinatKin lo whi¢h attention should be drawn in this report in order ÈnatrAÈ a [Per understa)ding ol thè financTal statemenis lo be leached. Nlehola8 Cunningham IF¢CA} Robson Laldlor A¢¢ounLints Lwrnted Fernwood House Femwood Road Jesmon Newcast upon Te Tyne and NE2 1TJ Erlal
TRUE COLOURS THEATRE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Cunent financlal yr Lknrestricted Restricted fund$ fund• 2023 2023 Totsl 2023 2022 Intomo from: Dorbab"on5 an¢J legac8 Charrtable 8Gtivilies Olher tradin9 a¢tivilie% $32.649 35.168 43.348 32.326 .975 35.168 43.348 27.299 26,619 29.575 Total Incon 611.165 32.326 643.491 83,493 Expenditure on: Raising funds Chèritable aelivrties 25.174 104.912 25.174 139.103 13.777 45.682 34,191 Total 8xpenditure 130,086 34.191 184.277 59,459 Net incomellexpendbthre) and movement In fund• 481,079 {1.865) 479,214 24,034 Reconcllltkn of fund*: Fund balancès at 1 ¥ember 2022 23,234 8.491 31.725 7,691 Fund balartes at 31 Octob•r 2023 9)4,313 6.626 510,939 31,n5 The slalement ol ffftoncaal ac1m1$ al gains and10ss8$ reCd in ttle year. All income and expenditure derive from cLtinn9 actNities.
TRUE COLOURS THEATRE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED INCLUOING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Prlor Ilnanclal year Unrestricted Restricted lund$ funds 2022 2022 Total 2022 Notgs In¢om• from: Donations atml legaaes Charitable actiwlies Other Ir£dirrfJ actiwlies 9.493 24.754 29.575 17.8C 27.299 26,619 29.575 Total incom 19,671 83.493 Expenditure on: Raising fuTKI$ Charitable activities 13,777 34.502 13,777 45.682 11.180 Total qxp•ndSturg 48.279 11.180 59,459 Net incorne and moyement In funds 15.$43 8,491 24,034 Reconcikation of tund*.' Fund balanc8s at 1 November 2021 7.691 7,691 Fund balanees at 31 October 2022 23,234 8.491 31.725
TRUE COLOURS THEATRE BALANCE SHEET AS AT31 OCTOBER 2023 2023 2022 Flxod a$¥gts Tangibte assets 12 454,57 371 Current assets Oeb1015 C¥sh al and in haThJ 13 2,403 64,IA3 2,500 29,254 31,754 Credltors: amounts falllng ithin one year 14 10,103 Nel current assets 31.354 Total assets less current liabilities 510,939 31.725 Th• funds of tho ChaF5ty Restricted income fuNts Unieslricted lund5 15 6,626 504.313 8.491 23.234 510.939 31.725 rinanual statements were wroNd by Twu%tees ffl.24-.R..2c*Li... K Elliott Tru8ts9
TRUE COLOURS THEATRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 Ca8h flows from operating a¢tivltie$ Cash generated fr(#m owali 19 22,117 Investln9 #etl¥lts¥ Purchase ol langiNe fLxèd assels 14.5801 (554) Ntrt cash usod In Inwgsling a¢tivitses (4.5801 {5541 Ngt ca¥h u¥ed in financing activities Not increase in eash and ¢ah •qul¥alont• 21,583 Cash )d cash equivalents al of year 29,254 7,691 CJ¥h and ¢J¥h equivalents at end of year 29.254
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 A¢countlng poll¢les Chaiity Inlornutlon True Colour5 Theatre is a Charitable Incuporaled organK%¥tK rwslered in Eryland and Wales. Th8 pal addres$ * Shafto Street, Wa18end. Newca5t1upon-TYne. NE28 7AL. 1.1 Ae¢ouTrting convontion The financia siaiements ho4 been Fryared in aordan wrth the CharrtS Igovemffto di)cumentl. the Chwlies Act 2Q11, FRS 102 'The Financ RepOrtg Slandard applicable wi the UK and Republic of Ireland. I'FRS 1021 aTrJ Ihe Charits SORP -Acc{Xting and Rewrtir)g by Chantie5." Statement of Recommended Practice apF4icable to charities preparing ihew entS in acccfdance wth Ihe Financial Reporb'ng Standard applicable in the UK Reputr4ic ol IwElaFKI {FRS 1021" leffectpR 1 January 20191. The Chanty is a Pubk Bonefrt Entty as defined by FRS 102. The financial slalemenl$ have departed from the Charities {Accoun15 arKI Reports) Regulations 2008 onty to th8 extent requed lo provFde a true fair ¥pw. This departure ha$ Invo fdlowiThJ the Slalemenl of Recommended Pra¢Aice for chantS apFtying FRS 102 raiher Ihan thè version of thè Statement of ReGotnmended Praclice whKh is refer to in the Regulations but which has 51nce been vrithdrawn. The financial stalemenls ar¢ prvpared in slerhng. whth is the function currenry of the Charity. PAoneiary amounts in these financA81 stalements are rounded to the newest £. The financial Statements have teen piepared under I his1cal cost ContiOn. The principal ac<>Junltng poh.cies adopted ale Sel bebw. 1.2 Going concern Al Iht time ofapproving the fi(JaI statements. Ihe Trustees have a reasonatAe expedats)n Ih81 the Charily ha5 adequate iesources to continue in operational exsstence f the foreseealAe future. Thus the Trustees ccffltinue to adopt the goiw ¢oncein basts ol accolb" in prepanng the financial stalements. 1.3 Charltablè fund$ Unrestricted lunijs ¥e a¥aab for uso ¥1 tho disiyet#)n of the Trust8es in fiJrthoranc8 of their dbaritable obJethveJ. ReStrted [d$ We subsecl to sperAr ccMNlitions by donrms or grant as to ht)w they may be Ltged. The Wse8 and uses ofthe leStrtell are sw in the rte¥ lo the finanraal slalements. Endowmenl fts are w*"e¢l to sperf¢ e¢knYitiC# by dorm thal cathl nMOt be maintained by the Charty. IA In¢ome InGQtne 15 recogni5ed wthen the Chwty is legaly entitled to it after any perfom•nce rKli(NI have been mel. tha arnnts be measwed relM?bty. and rt is wrt)able that iwme wll be r1vert. Cash donations are r¢¢o9nised an Tr1p1. ther datiOnS are reo)gnised the Charty has been notffied of the donalK)n. unless perf¢)ffliance cwdilK)ns require deleNal of th& amount. Incoffte tsx recoverable in relation lo rknations roc8ived uTrJar GiftAk1 or deeds of u)verkanl is iecAsgnise(l at the lime of the donaiw)n. Legacies are reccrfjnised on receipt 01 otherwse rf the Chatity has been notrfEd ol an impending dislribulion, tho amount is known, and reeey is expecled. If Ihg amwnl is nc4 known. the leoacy is Ireatsd as a ¢ontingent a55et.
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Accounting pollcles (Con11ndI I.S Expgnditu Expenditure Is re¢ognised mce Ihere 15 a legal crf astrUCt ob&gats"on to transfer econrxmic benèfit to a third party. il is probatAe i1¢ a transfer ol ecx)nthM benefits bo rwyred in settlement, and the amount ol thè Obligatic can be measured relolAy. Expenditure 1$ das3thed by tlty. The costs ol eath 1Th1ty we made up of the total of direcl Costs aThJ shared costs. r)ckJding support o)sts Involved in undertakiThJ eath athvty. Cm'r ros1$ attn'bulable lo a single livtly are alk)caled diiecty to Ihat acts"vity. Shared costs which cvIbute to morè than orte x¢tiwty and support cos15 which a not attiibJl¥bk to a single tlty are apportK)ned betsveen those actNilie5 on a basis nsistenl ith the use ol resowces. Cèntr¥ staff tknsts we alkuled on the basis of tr'me $p¢nt. depreciation chafges are allo¢at¢d on th8 Port ol the assel's use. 1.6 Tangible fixed assets Tangible fixed assets are initialty measured al cost aTrJ SLknsyilty measl$ at cosl or valuation, nel of depreciation and any inwvmerrt k)sse Depr1.0 15 lecogni1 so as to wrrte off the cosl LY Valualbl of assets ks$ their reshgual ahJ¢s t)vef thei usehjl livès ¢n the IlOWIng bases.. Leasehold imptovements Plant and equipment 10% slrwght I 33% sir&9ht Ime The gak) or loss arisir¥J on the dwsal of an asset is detemiined as the drfferen( tetween s prc¢eeds and the carrying value ol the asset. and k% re¢ognised in Ihe 51alement ol financaal xtmties. 1.7 Impalm)ont of fixed 4¥$ets Al each reporting end dalg, the Chwty revivw5 the [ryIng allts of it5 langble assets to deterrne whether there is any indtcatK)n thai those assets have suffered an impairment k)ss. If any such indication exists, the rOVeratIe amount of tho as50t is estrnaled in order lo detennine Ihe extent ot the impairment loss lif any). 1.8 Cash and cash •quivalents Cash and cash equivalents inthde cash in hth. deposts hekl at wil# banks, other short-tsmi liqi#d inveslmenl5 With OTNJinal maturilies ol three month8 w 88. and bank ONfTdrafts. 8ank overdrafts are shown within bOrrOng5 in TreI liabilib"e5. Critical accountlng estlmt•s and fvdpmfjnts In the applicat of the Chanty's w>)unb"ng pc&w. the Tnjstees are required lo make judgements. esth'mates and assumption$ #boul the carrying amount of asset5 Ikilties that arg nol readily apparent from olheT souIGes. The esth'rllates and associated assunwtiorts afe based on hislorical experien and other ItOrS Ihai are consid8r9d to be leVant. A¢iual results may drfet from these esl¥nales. Th¢ e$timale5 and Undwty1 a5sumptK)ris are reviewed on an ongcwng basis. RevIonS lo accountin9 estimatès are recognised in the p8Trod in whth estinale is ¥tsed whwe the revisiM affects onty that period. or in Ihe peTKyJ of the re¥ion and futur¢ p8ntrJs wheftr thtr rv•yswJn affgds bJlh cjjrront and fvlure period$. 10-
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Iorne from d¢)nations and legacle8 Unrg¥trictgd R•¥tri¢ted funds fund* 2023 2023 Total Unrestricted Regtrietsd funds ftlnds 2022 2022 Total 2023 2022 DonatyS gifts Grants receNable 531.899 750 531.899 33.078 9,493 9,493 17.81 32.326 17.8C 532.649 32.326 564.975 9.493 17,8 27.299 Induded wlhin don8tions is £5.C(l) ofthnated assets from BBC as part ol thew DIY SOS wothxtK>n. Ineom• frtyn charitablg activiti Total Unrpstrlcted Re3cted fund¥J funds 2022 2022 Total funds 2023 funds 2023 2023 2022 Charftablo adlvltie8 Aclivily and programme sls 35,168 35.168 24.754 1,865 26.619 kncome from oth•r trathng xti¥iti•• Vnr•8trS¢t8d Unr•8trfctsd funds fundg 2023 2022 Cafe IrQm9 Fundrasing events Merthandi$e $ale3 38,LK)8 28,015 Otherlradry tMlES 43.348 29,575
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2023 Expenditure on raising fvnds Unmtyl¢led Unr•slrlGted funds funds 2023 2022 FundraisThJ events rasls Oihei fundr&ng eA)SiS 13,599 4201 8.443 17,800 Trading costs Cafe Ix)sls Mwthandt$e ¢osIs 1,459 5.915 4.326 7,374 4,328 Total costs 25.174 13,777 Expendlture on charotable a¢tlvltles Chaiitablg Charitablo tlyltles actlvltSes 2023 2022 Dir•¢t Teaching eontractDrs Class materials & eqp1 A¢Sditional event c(&sls Room hire SLmdry expenses Entertainment 38.218 4,045 18,393 17.970 2,795 15.350 4.766 625 1.e80 1.165 65.389 43.186 Shar• of Support and governance costs {see no 8) Support Governance 86.227 7.487 1,946 550 139.103 45,682 Analysis by fund UnrestrKied funds Restrict8d lund$ 104,912 34.191 34,502 11,180 139.103 45,682 12-
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Support costs allo¢atsd to a¢tlvltles 2023 2022 Depreciation Staff training Travellling expenses Crethl Gard charges Repairs and mainten MoloT runniNJ expenses Insurance IT software and ¢xffiSwnabS Subscriptions Telecommunicats'ons Pr¢nling. poslage aThJ slalionery Governa ¢0sts 50.375 218 1,321 103 6,372 183 90 489 446 246 B7 405 1,443 3.704 839 168 1.038 7.487 S50 73.714 2,49S Analysed beten. Charilable activit5 73,714 2,496 2023 202Z Govemanct costs compli8•: A¢¢OunCY Legal and professKJn•l 4.105 3.382 SY) 7.487 59) Tru¥t•O¥ None of the Trusiees (or any pers Conned Tth them) Ned arry or benefits from the Charty during the year. 10 Employees The averago moirthty nufflber of employees Ihe year was.. 2023 mlber 2022 Number Totsl There were no 8mptyegs whose annual remwfatson was more than £60,(X)). Remuneration of key mimgement pevsonn No remuneralKJll wa5 pawj lo key management persomel during Ihe year. 13-
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 11 Taxatlon The ¢h¥ity 13 exempt from taxation its acti¥itses be&iuse all its income is applett for chaitable wrposes. 12 Tangibl• fix assets Tolal Cost Al 1 Noverter 2022 Additions 554 4,580 SOO,L J4,680 Al 31 October 2023 5.134 505.134 Depreciation and impairnw Al 1 November 222 Dèprèciation charged in Ihe ye¥ 183 375 183 50.375 At 31 O¢tober 2023 558 50.558 Canying arnount At 31 October 2023 450.(XX> 4,576 454,576 At 31 Ocloter 2022 371 371 13 Debtors 2023 ZD22 Amounts fallln9 due wlthln y•ar. Tr* debtors 2.403 14 Crvdltorn: amounts lalling due withlft onè year 2023 2022 Tr&k uedittxs Accruals and defwred inco 5,114 4,989 400 10,103 400 14-
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2023 16 R•gtrSctsd lund$ The re5triGted of the ch• comwse the xpended balanS of donatlCMI$ ond grnnts he on trust subied lo specik c(mditions by donor¥ a¥ lo hLW Ihey may be used. Koming Resources At 31 Octob•r our¢•$ expvnded 2023 No¥emb•r 2022 CM[[ Fwn¢Jaon Annabelle's Rainbow CareTech FcuThJation Holiday aetivrties fund 4.126 20.817 .81n 11.865) 4.126 2.5 11.509 (11.5091 8,491 32,326 (34.1911 6.626 Pr•ViO yur. At1 W0mber 2021 Ineomlng RèÉDure•s At 31 OCtor rnsources expwTrded 2022 NTC Hjiday actNthe5 arNJ food connty Foundolion Community Foundation Annab8lle's Rainbow CareTeth Foundatton 10.430 750 4,126 1.865 (10.430) 17501 4,126 19.671 (11.1801 8.491 NTC holido •rtivitis and lood This Is funding received Irj run programmes for yourq Fec¥Ae holthys. Communi Foundation This Is funding received to run prcwJTrmmes foi yowvJ people to cnbat the cost ol liwng and social deprNation_ CC+rvUlll Foundation This is funding ceiVed lo run prollram*$ kn y¢Mg pethe lo Cnbat the cost of living and wci depriva1n. Annabell?'¥ Rainbow This is funding received to Contri to the $1$ oflhe don vf a young pe05 book. Car•Tech Foundation Ida Aclfvltles Fund Thi5 is funding recVed to run programmes lor young pwlé ffi schod hdi¢Jay 15-
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 16 UnrvJtrkted lunds The w)ffj$tn"thd funds oftho charity rA)rnprise the unèxpend8d balanrm ofdonal.ons grants which 8rt nol 5ui¥ecl to speofic CditIOnS by donois and 9ranlors as lo how Ihey may be used. These include designated fund$ which have been sel a5bde out ol unre51rKled funds by the trustee5 lor speafic purpose$. At1 November 2022 Incoming resources RO¥ou8$ At 31 Octobgr expended 2023 General funds 23.234 611,165 (130,C461 504.313 Prp¥iou• yoar. At1 In¢omlng November resources 2021 Ro¥our¢•8 At 31 Octob•r expended 2022 General funds 7.691 63,822 1482791 23,234 17 Analysis of net assets bèts¥•èn tsnd• Urnvdtrlettd funds 2Q23 R•strlet•d funds 2023 Tot•1 2023 Fund b•l•Thco8 at 31 Octo1 2023 arn r¢prn8ent br. Tatyjible assets Cuffenl assetsllliatxlities) 454.576 49,737 454.576 SS,363 6,826 504,313 6,626 510.939 Unrestrleted funds 2022 R•#trlet funds 2022 Tot•1 2022 Fund balanc•s 1131 O¢tobgr 2022 represented by. Tangible assets Currerrt assetsll1ia.Iiti.eSI 371 22.863 371 31,354 8,491 23,234 8,491 31,725 18 Related party transacts.ons The were no di$dosat4e felalgj parly transthins dmvJ the year12022- rw). 16-
TRUE COLOURS THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 19 C•¥h generated from operations 2023 2022 Surpkns fix the year 479,214 24.034 Adjustments lor.. None cash donatK)n$ Oepreciabon and impairnwil ol l¥n9th f assets Ix¥),ocoi 50.375 183 Pdovements in WOfkiThJ capital.. Dè(xeasel{increasè) in debl(Ys Irrease in Gredit015 97 9.703 {2.5C¥)I 4C Cash generated from opèratlons 39.389 22.117 20 Analys1$ of Ghanges In net fvnds Th Charity had no malwwl debt the year. 17-