| Introduction from the Chair ofTrustees |
Introduction from the Chair ofTrustees |
|||
|---|---|---|---|---|
| Report ofthe Trustees | 2 | to | 10 | |
| Independent Examiner's |
Report | |||
| Statement of Financial |
Activities | 12 | ||
| Balance Sheet | 13 | |||
| Cash Flow Statement | ||||
| Notes to the Cash Flow | Statement | 15 | ||
| hiotes to the Financial Statements | 15 | to | 23 | |
| Detailed Statement of Financial Activities |
24 | to | 25 |
| 31.3.23 | 31.3.22 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| INCOME | AND ENDOWMENTS | FROM | Notes | 6 | ||||
| Donations | and legacies | 2 | 257,467 | 260,467 | 757,943 | |||
| Charitable | activities | 4 | ||||||
| Produckon | snd parScipation | costs | 390,420 | 390,420 | 145,048 | |||
| investment income Otherincome |
3 | 966 144,672 |
966 144,672 |
|||||
| Total | 793,525 | 3,000 | 796,525 | 987,839 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 7 | 3,870 | ||||||
| Charitable | activities | |||||||
| Production | and participation | costs | 907,984 | 2,493 | 910,477 | 705,169 | ||
| Total | 907,991 | 2,493 | 910,484 | 709,039 | ||||
| NET INCOMFJ(EXPENDITURE) | (114,468) | 507 | (113,959) | 278,800 | ||||
| RECONCILIATION OF FUNDS |
||||||||
| Total funds | brought forward |
278,598 | 252,065 | 530,663 | 251,863 | |||
| TOTAL FUNDS CARRIED FORWARD | 164,132 | 252,572 | 418,704 | 530,663 |
| 31.3.23 | 31.322f | |||
|---|---|---|---|---|
| Cash flows from operating | activities | |||
| Cash generated from operations Tax paid |
1 | (189,157) (5,048) |
234,034 | |
| Net cash (used in)/provided | by operating | activibes | (194,205) | 234,034 |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets Sale oftsrigible fixed assets |
(12,780) 537 |
(33,182) | ||
| Interest received | ||||
| Net cash used in investing activities |
(11,277) | (33,182) | ||
| Cash flows from financing | activitiies | |||
| New loans in year | 40,000 | |||
| Net cash provided by iinancing activities |
40,000 | |||
| Change in cash and cash equivalents |
||||
| in the reporting period Cash and cash equivalents |
at the | (165,482) | 200,852 | |
| beginning ofthe reporting |
period | 363,510 | 162,658 | |
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
198,028 | 383,510 |
| RECOifCILIATION OF | NET (EXPENDITURE))INCOME | NET (EXPENDITURE))INCOME | NET (EXPENDITURE))INCOME | NET (EXPENDITURE))INCOME | TO NET | CASH | FLOW FROSI | OPERATING |
|---|---|---|---|---|---|---|---|---|
| ACTMTIES | ||||||||
| 31.3.23 | 31.3.22 | |||||||
| 6 | ||||||||
| Net (expenditure}ltncome forthe reporting Statement of Financial Activities) Adjustments for: |
period (as | per the | (113,959) | 278,800 | ||||
| Depreciation charges interest received Increase in debtors Increase!n creditors |
8,635 (966) (114,372) 31,505 |
8,728 (88,094) 34,600 |
||||||
| Net cash (used In)iprovtded | by operations | (189,157) | ||||||
| ANALYSIS OF CHANGES | IN | NET FUNDS | ||||||
| At 1.4.22 f |
Cash flow | At31.3.23 | ||||||
| Net cash | ||||||||
| Cash at bank and in hand | 363,510 | (165,482) | 198,028 | |||||
| 363,510 | (165,482) | 198,028 | ||||||
| Debt | ||||||||
| Debts falling due within | 1 year | (40,000} | (40,000) | |||||
| (40,000) | (40,000) | |||||||
| Total | 363,510 | (205,482) | 158,028 |
| 31.323 | 31.3.22 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| Donations Grants |
2,080 258,387 |
39,694 718,249 |
|||
| 260,467 | 757,943 | ||||
| Grants received, | included | in the above, are as follows: | |||
| 31.3.23 | 31.3.22 | ||||
| E | E | ||||
| Arts Couitcil England East Architectural Heritage Fund Garfield Weston Ipswich Borough Council Magic Me HMRC - Coronsvirus Job Recovery Scheme Other grants |
224.457 12,334 21,596 |
472,023 25,000 150,000 14,507 22,029 1,509 33,181 |
|||
| 258,367 | 718,249 | ||||
| INVESTMENT INCOME | |||||
| 31.3.23 | 31.3.22 | ||||
| E | |||||
| Interest receivable | - trading | 966 |
| for | the Year Ended 31 March 2023 | the Year Ended 31 March 2023 | the Year Ended 31 March 2023 | the Year Ended 31 March 2023 | the Year Ended 31 March 2023 | |||
|---|---|---|---|---|---|---|---|---|
| 4. | INCOME FROSI CHARITABLE ACTIN/ITIES | |||||||
| 31.3.23 | 31.3.22 | |||||||
| Activity | 6 | |||||||
| Fees Commissions |
receivable | Production Production |
and parbcipstion and participation |
coals costs |
231,420 159,000 |
95,048 50,000 |
||
| 390,420 | 145,048 | |||||||
| 5. | RAISING FUNDS | |||||||
| Raising donations and |
legacies | |||||||
| 31.3.23 | 31.3.22 | |||||||
| 6 | ||||||||
| Donation ccats | 7 | 3,670 | ||||||
| 6. | CHARITABLE | ACTIN/ITIES | COSTS | |||||
| Support | ||||||||
| Direct | costs (see | |||||||
| Coals | note 7) | Totals | ||||||
| Production and |
participation | costs | 835,940 | 74,537 | 910,477 | |||
| 7. | SUPPORT COSTS | |||||||
| Governance | ||||||||
| Other f |
costs | Totals | ||||||
| Producbon and |
par8cipation | costs | 24,505 | 50,032 | 74,537 | |||
| 8. | NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is | stated after | charging/(crediting): | |||||
| 313.23 | 31.322 | |||||||
| Depreciation -owned assets Other operating leases Independent examiner's fee |
8,635 3,800 |
8,729 3,600 750 |
| 31.3,23 | 31.3.22 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Wages and salaries | 197,237 | 208,297 | |||||||
| Social security coals | 17,869 | 15,036 | |||||||
| Oilher pension costs | 5.912 | 5,254 | |||||||
| 221,018 | 228,587 | ||||||||
| The average monthly |
number of | employees | during the | year was as follows: | |||||
| 31.3.23 | 31.3,22 | ||||||||
| Cresfive | 2 | 2 | |||||||
| Support | 2 | 2 | |||||||
| The number of emplOyees 860,000was: |
whose | employee | benefits | (excluding employer |
pension | costs) | exceede | ||
| 960,001 -'f 70,000 | 31.3,23 1 |
31.3.22 1 |
|||||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||||||
| Unrestricted | Restricted | Total | |||||||
| fund 8 |
funds | fundsf | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||||
| Donations and legacies |
277,859 | 480,084 | 757,943 | ||||||
| Charitable activities |
|||||||||
| Production and participation |
costs | 145,048 | 145,048 | ||||||
| Other income | 84,848 | ||||||||
| 507,755 | 460,084 | 987,839 | |||||||
| Exl ENDfruRE ON | |||||||||
| Raising funds | 3,870 | 3,870 | |||||||
| Charitable aceviees | |||||||||
| Production and parficipation |
costs | 4'l4,752 | 290,417 | 705,169 | |||||
| Totai | 418,622 | 290,417 | 709,039 | ||||||
| NET INCOME | 69,133 | 189,667 | 278,800 | ||||||
| Transfers between funds |
(62,398) | 62,398 | |||||||
| Net movement in funds |
26,735 | 252,065 | 278,800 | ||||||
| RECONCILIATION OF FUNDS |
|||||||||
| Total funds brought forward | 251,863 | 251,863 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| fund | funds | funds | |||
| E' | 6 | ||||
| TOTAL FUNDS CARRIED FORWARD | 278,598 | 252,065 | 530,663 | ||
| 12. | TANGIBLE FIXEDASSETS | ||||
| Creation | Plant and | Computer | |||
| Space | machinery | equipment | Totals | ||
| 5 | 6 | ||||
| Cost | |||||
| At I April 2022 |
61,668 | 23,956 | 10954 | 96578 | |
| Additions Disposals |
10,780 | 2,000 (1,566) |
12,780 (1,566) |
||
| At 31 Ivlarch 2023 | 72,448 | 23,956 | 11,388 | 107,792 | |
| Depreciation | |||||
| At 1 April 2022 Charge for year |
6,236 5,990 |
3,940 2,645 |
10,176 8,635 |
||
| Ebminated on disposal |
(1,029) | (1,029) | |||
| At 31 March 2023 | 12,226 | 5,556 | 17,782 | ||
| Net book value | |||||
| At 31 Mafch 2023 | 72,448 | 11,730 | 5,832 | 90,010 | |
| At 31 March 2022 | 61,668 | 17,720 | 7,014 | 86.402 |
| DEBTORS:A | MOUNTS FALLING DUE WITHtN ONE |
YEAR | |
|---|---|---|---|
| 313.23 | 31.3.22f | ||
| Trade debtors | 30,887 | 30,351 | |
| Other debtors | 676 | 168 | |
| Theatre tax relief | 229,520 | 1'I7,437 | |
| Tax | 5,048 | ||
| VAT | 2,831 | ||
| Prepayments Accruels |
and accrued income | 1,537 11,915 |
5,741 9,297 |
| 282,414 | 162,994 |
| for t | he Year Ended 31 March 2023 | he Year Ended 31 March 2023 | he Year Ended 31 March 2023 | he Year Ended 31 March 2023 | he Year Ended 31 March 2023 | |||
|---|---|---|---|---|---|---|---|---|
| 14. | CREDITORS: AlaOUNTS FALLING DUE WITHIN ONE | YEAR | ||||||
| 31.3.23 | 31.3.22 | |||||||
| Other loans (sse | note | 15) | 40,000 | |||||
| Trade creditors | 94,241 | 32,806 | ||||||
| VAT | 8,162 | |||||||
| Accruals and deferred | income | 19,507 | 41,275 | |||||
| 153,148 | 82,243 | |||||||
| 15, | LOANS | |||||||
| An analysis ofthe | matunty ofloans is given below. | |||||||
| 31.3.23 | 31.3.22 | |||||||
| Amounts falling due within one year on |
demand: | |||||||
| Other loans | 40,000 | |||||||
| 16. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||||
| 31,3,23 | 31.3.22 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| 6 | 6 | |||||||
| Fixed assets | 18,998 | 71,012 | 90,010 | 86,402 | ||||
| Current assets | 298,882 | 181,560 | 480,442 | 526,504 | ||||
| Current liabilities |
(153,748) | (153,748) | (82,243) | |||||
| 164,132 | 252,572 | 416,704 | 530,663 | |||||
| 11. | IIIOVEMENT IN FUNDS | |||||||
| hlet | Transfers | |||||||
| movement | between | |||||||
| At | 1.4.22 | in fundsf | funds | At 31.3.23 | ||||
| Unrestricted funds |
||||||||
| General fund | 278,598 | (114,466) | 164,132 | |||||
| Restricted funds | ||||||||
| Creation Space | 190,749 | (10,780) | 179,969 | |||||
| ACE Capital Grants for Creation Space | 37,268 | 37,268 | ||||||
| AHF Capital Grant | 3,164 | (1,082) | 2,082 | |||||
| AHF/Crowdfundar | for Creation Space | |||||||
| Capital | 20,884 | 1O,78O | 31,664 | |||||
| Magic Me - PHF | 1,589 | 1,589 | ||||||
| 252,065 | 252,572 | |||||||
| TOTAL FUNDS | 530,663 | (113,959) | 416,704 | |||||
| Page | 21 | continued. . . |
| Nei mOVement | in funds, includ | ed in the above ar |
e as follows: | ||
|---|---|---|---|---|---|
| incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| 8 | |||||
| Unrestricted | funds | ||||
| General fund | 793,525 | (907,991) | (114,466) | ||
| Restricted funds | |||||
| AHF Capital Grant | (1,082) | (1,082) | |||
| Ivlagic Me - PHF | 3,000 | (1,411) | 1,589 | ||
| 3,000 | (2,493) | 507 | |||
| TOTALFUNDS | 796,525 | (910,484) | (113,959) | ||
| Comparativas | for movement | In funds |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | ||||||
| At 1.4.21 | in funds | funds | At 31.3.22 | ||||
| 8 | |||||||
| Unrestricted | funds | ||||||
| General | fund | 251,863 | 89,133 | (62,398) | 278,598 | ||
| Restricted funds | |||||||
| Creation | Space | 157,567 | 33,182 | 190,749 | |||
| ACE Capital | Grants for Creation Space | 12,298 | 24,970 | 37,268 | |||
| AHF Capital | Grant | (1,082) | 4,246 | 3,164 | |||
| AHF/Crowdfunder | for Creation Space | ||||||
| Capital | 20,884 | ||||||
| 189,667 | 62,398 | 252,065 | |||||
| TOTAI | FUNDS | 251,863 | 278,800 | 530,663 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General fund | 507,755 | (418,622) | 89,133 | |
| Restricted funds | ||||
| Creation Space Cultural Recovery Touring ACE Capiial Grants for Creation Space AHF Capital Grant AWF/Crowdfunder for Creahon Space |
211,634 161,650 73,618 12,298 |
(54,067) (161,650) (73,618) (1,082) |
157,567 12.298 (1,082) |
|
| Capital | 20,884 | |||
| 480,084 | (290,417) | 189,667 | ||
| TOTALFUNDS | 987,839 | (709,039) | 278,800 |
| for the Year Ende | d 31 March 2023 | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| E | |||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations Grants |
2,080 258,387 |
39,694 718,249 |
|
| 260,467 | 757,943 | ||
| Investment income |
|||
| Interest receivable -trading | |||
| Charftable activities |
|||
| Fees Commissions receivable |
231,420 159,000 |
95,048 50,000 |
|
| 390,420 | 145,048 | ||
| Other income | |||
| Theatre tax relief | 144,672 | ||
| Total incoming resources | 796,525 | 987,839 | |
| EXPENDITURE | |||
| Raising donations | and legacies | ||
| Donation costs | 3,870 | ||
| Charitable activities |
|||
| Wages and salanes Social security Pensions Rent Training Recruitment Entertaining Production costs Subcontractor costs Set freight Royalties Travel and subsistence Show marketing |
197,237 17,869 5,912 3,600 404 1,548 1,549 202,915 248,632 14,062 5,635 129,376 7,199 |
208,297 15,036 5,254 3,600 1,154 180 64,330 213,919 6,572 2,200 119,028 7,809 |
|
| 835,940 | 651,371 | ||
| Support costs | |||
| Other | |||
| Insurance Telephone Carried forward |
6,606 1,218 7,824 |
4,535 1,138 5,873 |
| Det iled state ent of for the Year Ended 31 |
financial activities March 2023 |
||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| B | |||
| Other | |||
| Brought forward Postage |
7,824 49 |
5,673 10 |
|
| Sundries Stationery and printing |
147 13 |
1,154 | |
| Computer expenses Subscriptions Bank charges |
2,586 315 477 |
3,716 2,356 103 |
|
| Office equipment and maintenance Office administration Bad debts |
1,066 2,978 415 |
798 1,0'l5 |
|
| Depreoation oftangible |
fixed assets | 8,635 | 8,728 |
| 24,505 | 23,553 | ||
| Governance costs |
|||
| Accountancyfees Professional fees Advertising and PR |
21,650 558 27,824 |
11,779 3,768 14.698 |
|
| 50,032 | 30,245 | ||
| Total resources expended | 910,484 | 709,039 | |
| Net (expendaure)/income | (113,959) | 278,800 |