##
|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|
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||||||||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|
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|||||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|
##
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##
||||||||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|
##
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##
##
|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|