Ch*rity r•91¥￿tion nuffi￿r 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 ex￿rnelS 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 f￿nc￿l 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 ¢harFt*s pieparino their a(%ounls in
accordance with the FinaFKial Repothg Standard applicable in the UK and RepL*Jlie ol Irel￿d IFRS 1¢Y21"
leffeGlive l January 20191.
Obj'ectives and activths
The charrty's objectiws are to Ffovide inckBNe t￿OrnI￿ arts d•sses for d￿dren 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[l￿e￿e wilhout any
stigma or thfferefKe.
Public benefit
The Trustees have ￿￿nsU￿ed 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 CC1mp￿èd wth th￿r
duly Ltnder the Charrt*s Ad in that Ilw have l￿d 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 famil*s through challe￿eS, anXiet￿S, social
depriVatK￿. Cost of limng crisis. PfoViSKts￿ Ic* beiNJ a SEN I￿1￿ ￿ pfowjg shJnwst suppyt for familes dealiNJ
with menlal health issues.
Sinc* outgrowir*J 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 n￿born $uccessfvlly io a sel (yjt audience at the Bay F¥ayhouse and ¢￿tir￿8 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 TYne￿Ile. and The Departmtrni ol Reg*Jnal and Nauonal awards for the
HAF holiday schemt.
Fina￿la1 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
Re￿The¥ poli¢y
It is the poI￿Y of the charty that free reserv8s lunrestrided reserves not IJ"8d up in fixéd or othèr long tèrm assets)
should be ￿￿￿tE￿ned 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 Rèser4*s 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 Un￿ured losses.
The Rese￿eS 1$ lo rela¢n erK*Jgh 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 tr￿1 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
(Restsgr￿d 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 app**ilmènl 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 c*Arity.

TRUE COLOURS THEATRE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
The Trustees, rekx¥1 was approved by the of TIUst￿s.
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¥•mwTrat￿n 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$l¢es ol the Charity you are responsible for the wep*atson olthe finwKyal statements in a(rudanc4 wth
the requirements of Ihe Charities Act 2011 {the 2011 Adl.
I repcxl in respect ol my eXa￿￿￿8t￿￿ of the Charity's r￿la1 statements earried oul under seLknn 145 of th8 2011
Act. In carrying out my examinalkjn I h8¥e all Ihe a￿l￿ble Directions given by the Charty Commission
under str¢lion 14515Xbl of Itt0 2011 AGI.
Indgp*ndenl ex4minerf5 Statement
I have compleled my exarninalH￿. I confirm that no matters have c))me to my oll¢Al￿n in c¥)nnediorb with the
•xamination giving me cause lo belb&ve Ihat in malerial resF*tt.
accounting reGoid5 were not kept in res￿ of Ihe Charity a$ r•qUir￿1 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 con￿MIng ￿ form and ￿)nt￿nI (Jf
accounls set out in the CharitJe5 {AcGowls and Reports) RegulatKJns 2QJ8 othpi than any Tequiremenl that the
accounts givè a truè and fair v*w which is not a matter as part of an Indepenllenl examination.
I have no toncems and have c(¥ne no other matteT5 in C4)nnect￿l 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 T￿e
Tyne and
NE2 1TJ
Er￿la￿l

TRUE COLOURS THEATRE
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2023
Cunent financlal y￿r
Lknrestricted Restricted
fund$
fund•
2023
2023
Totsl
2023
2022
Intomo from:
Dorbab"on5 an¢J legac￿8
Charrtable 8Gtivilies
Olher tradin9 a¢tivilie%
$32.649
35.168
43.348
32.326
.975
35.168
43.348
27.299
26,619
29.575
Total Incon
611.165
32.326
643.491
83,493
Expenditure on:
Raising funds
Chèritable aelivrties
25.174
104.912
25.174
139.103
13.777
45.682
34,191
Total 8xpenditure
130,086
34.191
184.277
59,459
Net incomellexpendbthre) and movement In fund•
481,079
{1.865)
479,214
24,034
Reconclll*tk*n of fund*:
Fund balancès at 1 ￿¥ember 2022
23,234
8.491
31.725
7,691
Fund balartes at 31 Octob•r 2023
9)4,313
6.626
510,939
31,n5
The slalement ol ffftoncaal ac1m1￿$ al gains and10ss8$ reC￿￿d in ttle year. All income and expenditure
derive from cL￿tin￿n9 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 wroN*d 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 ¢a*h •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. Newca5t1￿upon-TYne. NE28 7AL.
1.1 Ae¢ouTrting convontion
The financia siaiements ho4* been Fryared in a￿ordan￿ wrth the Charrt￿S Igovemffto di)cumentl. the
Chwlies Act 2Q11, FRS 102 'The Financ￿ RepOrt￿g Slandard applicable wi the UK and Republic of Ireland.
I'FRS 1021 aTrJ Ihe Charit*s SORP -Acc{X￿ting and Rewrtir)g by Chantie5." Statement of Recommended
Practice apF4icable to charities preparing ihew ￿e￿ntS 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 requ￿ed lo provFde a true ￿ fair ¥pw. This departure ha$ Invo￿ fdlowiThJ the Slalemenl of
Recommended Pra¢Aice for chant￿S 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￿ his1c￿al cost Con￿tiOn. 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 accol￿b"￿ in prepanng the financial stalements.
1.3 Charltablè fund$
Unrestricted lunijs ¥e a¥a￿ab* for uso ¥1 tho disiyet#)n of the Trust8es in fiJrthoranc8 of their dbaritable
obJethveJ.
ReStr￿ted [￿d$ We subsecl to sperAr￿ ccMNlitions by donrms or grant￿ as to ht)w they may be Ltged. The
W￿￿se8 and uses ofthe leStr￿tell are sw ￿ in the rt*e¥ lo the finanraal slalements.
Endowmenl f￿￿ts 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 ￿rK￿li(￿NI have been
mel. tha arn￿nts ￿ be measwed relM?bty. and rt is wrt)able that iwme wll be r￿1vert.
Cash donations are r¢¢o9nised an Tr￿1p1. ther d￿atiOnS 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
(Con11n￿dI
I.S Expgnditu
Expenditure Is re¢ognised mce Ihere 15 a legal crf a￿strUCt￿ 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 ￿tl￿ty. 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 c￿vIbute to morè than orte x¢tiwty and
support cos15 which a￿ not attiibJl¥bk to a single ￿tl￿ty 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
Depr￿1￿.0￿ 15 lecogni￿1 so as to wrrte off the cosl LY Valualb￿l of assets ks$ their reshgual *ahJ¢s t)vef thei
usehjl livès ¢n the I￿lOWIng 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¥$ets
Al each reporting end dalg, the Chwty revivw5 the ￿[ryIng all￿ts of it5 langble assets to deterrn￿e
whether there is any indtcatK)n thai those assets have suffered an impairment k)ss. If any such indication
exists, the rO￿VeratIe amount of tho as50t is estrnaled in order lo detennine Ihe extent ot the impairment
loss lif any).
1.8 Cash and cash •quivalents
Cash and cash equivalents inthde cash in hth. deposts hekl at wil# banks, other short-tsmi liqi#d
inveslmenl5 With OTNJinal maturilies ol three month8 w ￿88. and bank ONfTdrafts. 8ank overdrafts are shown
within bOrrO￿ng5 in ￿Tre￿I liabilib"e5.
Critical accountlng estlm*t•s and fvdpmfjnts
In the applicat￿￿ of the Chanty's w>)unb"ng pc&w. the Tnjstees are required lo make judgements.
esth'mates and assumption$ #boul the carrying amount of asset5 Ik*ilties that arg nol readily apparent
from olheT souIGes. The esth'rllates and associated assunwtiorts afe based on hislorical experien￿ and other
I￿tOrS Ihai are consid8r9d to be ￿leVant. A¢iual results may drfet from these esl¥nales.
Th¢ e$timale5 and Undwty1￿ a5sumptK)ris are reviewed on an ongcwng basis. RevI￿onS lo accountin9
estimatès are recognised in the p8Trod in whth ￿ estinale is ￿¥tsed whwe the revisiM affects onty that
period. or in Ihe peTKyJ of the re¥i*on and futur¢ p8ntrJs wheftr thtr rv•yswJn affgds bJlh cjjrront and fvlure
period$.
10-

TRUE COLOURS THEATRE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
I￿orne from d¢)nations and legacle8
Unrg¥trictgd R•¥tri¢ted
funds
fund*
2023
2023
Total Unrestricted Regtrietsd
funds
ftlnds
2022
2022
Total
2023
2022
Donaty￿S 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 Re3￿cted
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 Ir￿Qm9
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$e ¢osIs
1,459
5.915
4.326
7,374
4,328
Total costs
25.174
13,777
Expendlture on charotable a¢tlvltles
Chaiitablg Charitablo
tlyltles
actlvltSes
2023
2022
Dir•¢t
Teaching eontractDrs
Class materials & eq￿p￿￿1
A¢Sditional event c(&sls
Room hire
SLmdry expenses
Entertainment
38.218
4,045
18,393
17.970
2,795
15.350
4.766
625
1.e80
1.165
65.389
43.186
Shar• of Support and governance costs {see no* 8)
Support
Governance
86.227
7.487
1,946
550
139.103
45,682
Analysis by fund
UnrestrKied funds
Restrict8d lund$
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 ¢xffiSwnab￿S
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 bet￿en.
Charilable activit￿5
73,714
2,496
2023
202Z
Govemanct costs compli8•:
A¢¢Oun￿CY
Legal and professKJn•l
4.105
3.382
SY)
7.487
59)
Tru¥t•O¥
None of the Trusiees (or any pers￿￿ Conned￿ T￿th them) ￿Ned arry or benefits from the
Charty during the year.
10 Employees
The averago moirthty nufflber of employees Ihe year was..
2023
m￿lber
2022
Number
Totsl
There were no 8mptyegs whose annual remw*fatson 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 2￿22
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 balan￿S 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
C￿M[￿[￿ Fwn¢Ja*on
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
W0￿mber
2021
Ineomlng RèÉDure•s At 31 OCto￿r
rnsources
expwTrded
2022
NTC Hjiday actNthe5 arNJ food
con￿￿nty 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 •rtiviti*s 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 c￿nbat the cost ol liwng and social
deprNation_
CC+rv￿Ulll
Foundation
This is funding ￿ceiVed lo run prollram￿*$ kn y¢Mg pethe lo C￿nbat the cost of living and wci
depriva1￿n.
Annabell?'¥ Rainbow
This is funding received to Contri￿ to the ￿$1$ oflhe ￿d￿￿on vf a young pe￿0￿5 book.
Car•Tech Foundation
Ida Aclfvltles Fund
Thi5 is funding rec￿Ved 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$tn"thd funds oftho charity rA)rnprise the unèxpend8d balanrm ofdonal.ons grants which 8rt
nol 5ui¥ecl to speofic C￿ditIOnS by donois and 9ranlors as lo how Ihey may be used. These include
designated fund$ which have been sel a5bde out ol unre51rKled funds by the trustee5 lor speafic purpose$.
At1
November
2022
Incoming
resources
RO¥ou￿8$ 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 Octo￿1 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
Ir￿rease 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-