**REGISTERED CHARITY NUMBER: 1194083** **Report of the Trustees and** ## **Unaudited Financial Statements** **for the Year Ended 31 March 2023** ## **for** ## **SHAKESPEARE’S SCHOOLROOM TRUST** **SHAKESPEARE’S SCHOOLROOM TRUST** **Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Notes to the Financial Statements**|7|to|14| |**Detailed Statement of Financial Activities**|15|to|16| **SHAKESPEARE’S SCHOOLROOM TRUST** **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023** The Trustees present their report with the financial statements of the Charity for the year ended 31 March 2023. The Trustees have adopted the provisions of 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 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives of the Charitable Incorporated Organisation is for the public benefit is to: 1) preserve and maintain the property known as Shakespeare's Schoolroom and Guildhall, Church Street, Stratford-upon-Avon, Warwickshire which is of particular historical and architectural interest; and 2) establish and maintain a museum in the property. ## **Significant activities** Shakespeare's Schoolroom Trust operates from the 600-year-old building where William Shakespeare went to school. It shares the use of the building with King Edward VI school which uses the building as a classroom every day. The museum offers guided tours through the building including a Tudor school lesson with Shakespeare's teacher. Through the year, it welcomed 23,500 visitors from all over the world including over 5,000 school students from the UK and Europe. Work was done on the building in relation to the lighting and accessibility infrastructure. ## **Public benefit** The Trustees have had due regard to the Charity Commission guidance on public benefit in deciding what activities the charity should undertake and confirm that all the charity's activities are undertaken to further our charitable purposes for the public benefit. ## **Volunteers** An average of 23 volunteers participated over the course of the year. Volunteer hours totalled 3,699 or 616 ½ 6-hour days. The museum was open for 363 days. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Through the year, the museum welcomed 23,500 visitors from all over the world including over 5,000 school students from the UK and Europe. Visitors learnt about the school, the town, the Shakespeare family and, in particular, the early life of William Shakespeare. Maintenance work was done on the building in relation to the lighting and accessibility infrastructure. Six antique school desks were moved from external storage at the school to a more suitable, climate-controlled storage facility. Other maintenance activities at no, or minimal cost, were shared with the school. ## **Raising of funds** The main activity to raise funds is entry to the museum. In addition to this are proceeds from the gift shop which have increased on a per visitor basis this year since the size of the gift shop was increased by 40% in the previous year. The Guildhall also hosted several evening bookings. ## **FINANCIAL REVIEW** ## **Financial position** During the year, total income was £258,618 (2022 - £82,742). The main source of income was museum entry fees of £180,232 with £55,295 raised from retail sales. Costs relating to the upkeep of the Guildhall totalled £8,542 with costs of providing the museum being £180,232. Costs relating to the raising of funds totalled £55,295. Total net expenditure was £16,863. 2022/23 is the first year of activity for the newly created CIO. Assets of £82,742 were gifted to the Charity at the end of 2021/22 with the remainder of the assets of £3,244 being gifted in this year and included as donations. Page 1 **SHAKESPEARE’S SCHOOLROOM TRUST** **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023** ## **FINANCIAL REVIEW** ## **Reserves** Reserves are held to help the charity operate effectively. Trustees monitor the level of reserves held throughout the year. In this way trustees will be aware of the build-up of excess reserves or of reserves being unexpectedly or rapidly depleted. At the year end, there were total unrestricted reserves of £61,027 (2022 - £77,890). ## **FUTURE PLANS** It is the intention of the Trustees to continue to drive the increase of museum admissions to fund the preservation of the buildings for the benefit of the Grammar School of King Edward VI of Stratford-upon-Avon which owns the building as well as for those with historical and architectural interest and the wider community, particularly those with an interest in the life of William Shakespeare. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charity is governed by its Constitution, signed by all formation Trustees on 29 March 2021. The Charity is a Charitable Incorporated Organisation, registered on 14 April 2021. The Trustees are determined to ensure good practice is followed and are aware of their obligation to abide by charity and other relevant law including the reporting of adverse incidents occurring in the life of the Charity to the relevant authorities, as necessary. The Board meet regularly throughout the year to review the activities of the Charity. ## **Recruitment and appointment of new trustees** The constitution states that there must be at least three trustees at all times. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. There is no maximum number of charity trustees that may be appointed to the CIO. The Trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed in accordance with the constitution, or as an additional charity trustee. Trustees are elected to serve for a period of three years at a time. ## **Induction and training of new trustees** The Trustees will make available to each new charity trustee a copy of the constitution and a copy of the CIO's latest trustees' annual report and statement of accounts. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1194083 ## **Principal address** King Edward VI Grammar School Church Street Stratford-Upon-Avon CV37 6HB ## **Trustees** A P M Bird OBE J R Downes C A Hill Page 2 **SHAKESPEARE’S SCHOOLROOM TRUST** ## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Independent Examiner** Conor G O'Sullivan Haines Watts Chartered Accountants 6-8 Bath Street Bristol BS1 6HL ## **Bankers** Lloyds Bank Plc 25 Gresham Street London EC2V 7HN Approved by order of the board of trustees on 31 January 2024 and signed on its behalf by: C A Hill - Trustee Page 3 **Independent Examiner's Report to the Trustees of Shakespeare’s Schoolroom Trust** ## **Independent examiner's report to the trustees of Shakespeare’s Schoolroom Trust** I report to the charity trustees on my examination of the accounts of Shakespeare’s Schoolroom Trust (the Trust) for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Conor G O'Sullivan The Institute of Chartered Accountants in England and Wales Haines Watts Chartered Accountants 6-8 Bath Street Bristol BS1 6HL 31 January 2024 Page 4 **SHAKESPEARE’S SCHOOLROOM TRUST** ## **Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023** |**Year Ended**
**31.3.23**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**14,549**
**Charitable activities**
4
Establish and maintain museum
**180,232**
Preserve and maintain Schoolroom and
Guildhall
**8,542**
Raising funds
3
**55,295**
**Total**
**258,618**
**EXPENDITURE ON**
Raising funds
**77,329**
**Charitable activities**
5
Establish and maintain museum
**192,231**
Preserve and maintain Schoolroom and
Guildhall
**5,921**
Other
**-**
**Total**
**275,481**
**NET INCOME/(EXPENDITURE)**
**(16,863)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**77,890**
**TOTAL FUNDS CARRIED FORWARD**
**61,027**|Period
14.4.21
to
31.3.22
Total
funds
£
82,742
-
-
-| |---|---| ||82,742| ||-
-
-
4,852| ||4,852| ||77,890
-| ||77,890| The notes form part of these financial statements Page 5 **SHAKESPEARE’S SCHOOLROOM TRUST** ## **Balance Sheet 31 MARCH 2023** |||**31/3/23**|31/3/22| |---|---|---|---| |||**Unrestricted**|Total| |||**fund**|funds| ||Notes|**£**|£| |**FIXED ASSETS**|||| |Tangible assets|12|**1,444**|2,152| |**CURRENT ASSETS**|||| |Stocks|13|**12,588**|13,511| |Debtors|14|**13,421**|66,515| |Cash at bank||**56,622**|102| |||**82,631**|80,128| |**CREDITORS**|||| |Amounts falling due within one year|15|**(23,048)**|(4,390)| |**NET CURRENT ASSETS**||**59,583**|75,738| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||**61,027**|77,890| |**NET ASSETS**||**61,027**|77,890| |**FUNDS**|16||| |Unrestricted funds||**61,027**|77,890| |**TOTAL FUNDS**||**61,027**|77,890| The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2024 and were signed on its behalf by: C A Hill - Trustee J R Downes - Trustee The notes form part of these financial statements Page 6 **SHAKESPEARE’S SCHOOLROOM TRUST** **Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Shakespeare's Schoolroom Trust is a Charitable Incorporated Organisation in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 2 of these financial statements. The financial statements are prepared in sterling which is the functional currency of the charitable company and are rounded to the nearest £. The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern. ## **Income** All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donations, gifts and grants are accounted for when received. Income tax in relation to amounts received under gift aid is included in the same period as the income to which it relates. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Allocation and apportionment of costs** Support costs have been apportioned on the basis of income between raising funds and charitable activities: establish and maintain museum. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on cost Computer equipment - 33% on cost ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. continued... Page 7 **SHAKESPEARE’S SCHOOLROOM TRUST** **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **1. ACCOUNTING POLICIES - continued** ## **Taxation** The Charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. ## **Financial instruments** The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **Basic financial assets** Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. ## **Basic financial liabilities** Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the charity's contractual obligations are discharged, cancelled, or they expire. ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**||| |---|---|---| |||Period| |||14.4.21| ||**Year Ended**|to| ||**31.3.23**|31.3.22| ||**£**|£| |Donations|**4,139**|82,742| |Revenue grants received|**10,410**|-| ||**14,549**|82,742| continued... Page 8 **SHAKESPEARE’S SCHOOLROOM TRUST** **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** |**3.**
**RAISING FUNDS**
**Year Ended**
**31.3.23**
**£**
Guidebook sales
**5,248**
Retail sales
**50,047**
**55,295**
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
**Year Ended**
**31.3.23**
Activity
**£**
Admissions and related
income
Establish and maintain museum
**180,227**
Sundry income
Establish and maintain museum
**5**
Admissions and related
Preserve and maintain Schoolroom and
income
Guildhall
**8,542**
**188,774**
**5.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Support
Costs (see
costs (see
note 6)
note 7)
£
£
Establish and maintain museum
**36,647**
**155,584**
Preserve and maintain Schoolroom and
Guildhall
**5,921**
**-**
**42,568**
**155,584**|Period
14.4.21
to
31.3.22
£
-
-
-
Period
14.4.21
to
31.3.22
£
-
-
-| |---|---| ||-| ||Totals
£
**192,231**
**5,921**| ||**198,152**| continued... Page 9 **SHAKESPEARE’S SCHOOLROOM TRUST** **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES** |**Year Ended**
**31.3.23**
**£**
Wages
**26,242**
Social security
**113**
Pensions
**136**
Upkeep of Guildhall
**1,537**
Ticketing costs
**9,573**
Event costs
**4,494**
Depn of computer equipment
**473**
**42,568**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Other trading activities
**43,771**
**3,964**
Establish and maintain museum
**142,663**
**12,921**
**186,434**
**16,885**
Support costs, included in the above, are as follows:
**Year Ended**
**31.3.23**
Establish
Other
and
trading
maintain
Total
activities
museum
activities
£
£
**£**
Wages
**31,819**
**103,710**
**135,529**
Social security
**1,004**
**3,271**
**4,275**
Pensions
**481**
**1,568**
**2,049**
Rates and water
**-**
**-**
**-**
Light and heat
**2,738**
**8,922**
**11,660**
Insurance
**564**
**1,836**
**2,400**
Cleaning
**851**
**2,773**
**3,624**
Maintenance and safety
**367**
**1,193**
**1,560**
Postage and stationery
**272**
**887**
**1,159**
IT software and consumables
**301**
**984**
**1,285**
Marketing
**3,923**
**12,785**
**16,708**
Sundries
**593**
**1,934**
**2,527**
Carried forward
**42,913**
**139,863**
**182,776**|Period
14.4.21
to
31.3.22
£
-
-
-
-
-
-
-
-
Totals
£
**47,735**
**155,584**
**203,319**
Period
14.4.21
to
31.3.22
Total
activities
£
**2,667**
**-**
**64**
**225**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2,956**| |---|---| ## **7. SUPPORT COSTS** continued... Page 10 **SHAKESPEARE’S SCHOOLROOM TRUST** **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **7. SUPPORT COSTS - continued** |Brought forward
Bank charges
Depn of computer equipment
Examiner's remuneration
Examiner's remuneration for other work|Other
trading
activities
£
**42,913**
**810**
**48**
**587**
**3,377**
**47,735**|**Year Ended**
**31.3.23**
Establish
and
maintain
Total
museum
activities
£
**£**
**139,863**
**182,776**
**2,642**
**3,452**
**158**
**206**
**1,913**
**2,500**
**11,008**
**14,385**
**155,584**
**203,319**|Period
14.4.21
to
31.3.22
Total
activities
£
**2,956**
**496**
**-**
**1,400**
**-**
**4,852**| |---|---|---|---| ## **8. EXAMINER'S REMUNERATION** Amounts payable to the independent examiner for independent examination and other accounting services were £2,500 and £14,385 respectively. ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the period ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the period ended 31 March 2022. ## **10. STAFF COSTS** The average monthly number of employees during the year was as follows: |||Period| |---|---|---| |||14.4.21| ||**Year Ended**|to| ||**31.3.23**|31.3.22| |Average number of employees|**19**|1| No employees received emoluments in excess of £60,000. continued... Page 11 **SHAKESPEARE’S SCHOOLROOM TRUST** **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||||||Unrestricted| |---|---|---|---|---|---| ||||||fund| ||||||£| ||**INCOME AND ENDOWMENTS FROM**||||| ||Donations and legacies||||82,742| ||**EXPENDITURE ON**||||| ||Raising funds||||-| ||Other||||4,852| ||**Total**||||4,852| ||**NET INCOME**||||77,890| ||**TOTAL FUNDS CARRIED FORWARD**||||77,890| |**12.**|**TANGIBLE FIXED ASSETS**||||| |||Fixtures|||| |||and|Computer||| |||fittings|equipment||Totals| |||£|£||£| ||**COST**||||| ||At 1 April 2022 and 31 March 2023|**116**|**2,036**||**2,152**| ||**DEPRECIATION**||||| ||Charge for year|**29**||**679**|**708**| ||**NET BOOK VALUE**||||| ||At 31 March 2023|**87**|**1,357**||**1,444**| ||At 31 March 2022|116|2,036||2,152| continued... Page 12 **SHAKESPEARE’S SCHOOLROOM TRUST** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** |**13.**|**STOCKS**|||||| |---|---|---|---|---|---|---| |||||**31/3/23**|31/3/22|| |||||**£**|£|| ||Stocks|||**12,588**|13,511|| |**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| |||||**31/3/23**|31/3/22|| |||||**£**|£|| ||Trade debtors|||**12,308**||-| ||Other debtors|||**-**|66,515|| ||Prepayments and accrued income|||**1,113**||-| |||||**13,421**|66,515|| ||Other debtors represents monies owed to the charity from KES Trustees||Ltd at the year end.|||| |**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| |||||**31/3/23**|31/3/22|| |||||**£**|£|| ||Trade creditors|||**4,143**||-| ||Social security and other taxes|||**3,065**|638|| ||VAT|||**6,800**||-| ||Accruals and deferred income|||**9,040**|3,752|| |||||**23,048**|4,390|| |**16.**|**MOVEMENT IN FUNDS**|||||| |||||Net||| |||||movement|At|| |||At|1.4.22|in funds|31.3.23|| ||||£|£|£|| ||**Unrestricted funds**|||||| ||General fund|**77,890**||**(16,863)**|**61,027**|| ||**TOTAL FUNDS**|**77,890**||**(16,863)**|**61,027**|| ||Net movement in funds, included in the above are as follows:|||||| |||Incoming||Resources|Movement|| |||resources||expended|in funds|| ||||£|£|£|| ||**Unrestricted funds**|||||| ||General fund|**258,618**||**(275,481)**|**(16,863)**|| ||**TOTAL FUNDS**|**258,618**||**(275,481)**|**(16,863)**|| continued... Page 13 **SHAKESPEARE’S SCHOOLROOM TRUST** **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **16. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| |||in funds|31.3.22| |||£|£| |**Unrestricted funds**|||| |General fund||77,890|77,890| |**TOTAL FUNDS**||77,890|77,890| |Comparative net movement in funds, included|in the above are as follows:||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|82,742|(4,852)|77,890| |**TOTAL FUNDS**|82,742|(4,852)|77,890| ## **17. RELATED PARTY DISCLOSURES** Mr A Bird is a director of KES Trustees Ltd. The Charity agreed to take on the activities and assets of KES Trustees Ltd. Net assets totalling £3,244 (2022: £82,742) were transferred to the charity at fair value. Page 14 **SHAKESPEARE’S SCHOOLROOM TRUST** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023** |||Period|| |---|---|---|---| |||14.4.21|| ||Year Ended|to|| ||31.3.23|31.3.22|| ||£|£|| |**INCOME AND ENDOWMENTS**|||| |**Donations and legacies**|||| |Donations|**4,139**|82,742|| |Revenue grants received|**10,410**||-| ||**14,549**|82,742|| |**Raising funds**|||| |Guidebook sales|**5,248**||-| |Retail sales|**50,047**||-| ||**55,295**||-| |**Charitable activities**|||| |Admissions and related income|**188,769**||-| |Sundry income|**5**||-| ||**188,774**||-| |**Total incoming resources**|**258,618**|82,742|| |**EXPENDITURE**|||| |**Other trading activities**|||| |Opening stock|**13,511**||-| |Cost of goods sold|**28,642**|13,511|| |Depn of fixtures and fittings|**29**||-| |Closing stock|**(12,588)**|(13,511)|| ||**29,594**||-| |**Charitable activities**|||| |Wages|**26,242**||-| |Social security|**113**||-| |Pensions|**136**||-| |Upkeep of Guildhall|**1,537**||-| |Ticketing costs|**9,573**||-| |Event costs|**4,494**||-| |Depn of computer equipment|**473**||-| ||**42,568**||-| This page does not form part of the statutory financial statements Page 15 **SHAKESPEARE’S SCHOOLROOM TRUST** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023** |||Period| |---|---|---| |||14.4.21| ||Year Ended|to| ||31.3.23|31.3.22| ||£|£| |**Support costs**||| |**Management**||| |Wages|**135,529**|2,667| |Social security|**4,275**|-| |Pensions|**2,049**|64| |Rates and water|**-**|225| |Light and heat|**11,660**|-| |Insurance|**2,400**|-| |Cleaning|**3,624**|-| |Maintenance and safety|**1,560**|-| |Postage and stationery|**1,159**|-| |IT software and consumables|**1,285**|-| |Marketing|**16,708**|-| |Sundries|**2,527**|-| |Bank charges|**3,452**|496| |Depn of computer equipment|**206**|-| ||**186,434**|3,452| |**Governance costs**||| |Examiner's remuneration|**2,500**|1,400| |Examiner's remuneration for other work|**14,385**|-| ||**16,885**|1,400| |Total resources expended|**275,481**|4,852| |**Net (expenditure)/income**|**(16,863)**|77,890| This page does not form part of the statutory financial statements Page 16