Playhouse Arts CIO Charity number 1197180
Annual Report 16 December 2021 to 15 December 2022 Report of the trustees
Playhouse Arts was established in 2021 to provide a service to all aspects of the arts. The year 2021 to 2022 was its first year of operation. It received a seed loan from Playhouse Theatre Cheltenham to provide a working capital whilst the charity was established. During the accounting period the Charity managed several showings of films for the Playhouse Theatre Cheltenham, providing the film hire, projectionist, and administration and performance services. The seed loan was £6,700 and this amount was totally repaid during the period of these accounts.
The income from the films that were shown on behalf of Playhouse Theatre Cheltenham was £3,501 and expenses for the charity were £3,565, a deficit of £64.
The charity undertook a successful stage performance in the Playhouse Theatre Cheltenham and received an income from ticket sales of £10,516. The overhead costs of the performance were £9,493 and the profit on the first performance was a pleasing £1,103 which covered the charities costs of administration, insurance, and bank charges.
At the close of the year the charity had covered all costs, repaid the seed loan it had received, and the balance sheet was nil. The trustees decided that the charity was not required and that as there were no capital of financial assets the same should be closed.
These accounts are therefore presented as the closing accounts of Playhouse Art Charity.
The accounts are noted below and produced and submitted in the charity commission CC16a format as reproduced at the end of this report.
Receipts
Seed Loan from Playhouse Theatre Cheltenham 6,700 Live Performance Income 10,516 Film Income 3,501
Subtotal (Gross income) 20,717 20, Total receipts 717 Payments Seed Loan repayment 6,700 Film costs and expenses 3,565
| Live performance costs & Playhouse | ||
|---|---|---|
| Company | 9,493 | |
| Bank Charges | 45 | |
| Insurance | ||
| 683 | ||
| Administration closing costs | 231 | |
| Subtotal | ||
| 20,717 | ||
| Total payments | 717 |
20, |
| Net of receipts/(payments) | Nil | |
| Cash funds this year end | Nil |
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