| Page | |||
|---|---|---|---|
| Report of the Trustees | I | to | 3 |
| IndependentExaminer's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to theCash Flow Statement | 8 | ||
| Notes to the FinancialStatements | 9 | to | 15 |
| Audience fi | gures | ||||
|---|---|---|---|---|---|
| Performances | Performances | Seats Sold | Seats Sold | ||
| 2023 | 2022 | 2023 | 2022 | ||
| Footlights | 37 | 39 | 12,277 | 10,840 | |
| Community | groups | 27 | 35 | 9,763 | 7,961 |
| Professional | acts | 147 | 123 | 47,809 | 37,761 |
| Total | 211 | 197 | 69,849 | 56,562 |
| Period | |||
|---|---|---|---|
| 25/4/22 | |||
| Year Ended | to | ||
| 31/12/23 | 31/12/22 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 14,388 | |
| Other trading activities | 3 | 402,676 | |
| Investment income | 4 | 85 | |
| Other income | 123,609 | ||
| Total | 540,758 | ||
| EXPENDITURE ON | |||
| Raising funds | 5 | 288,975 | 400 |
| Charitable activities | 6 | ||
| Amateur performances | 25,436 | ||
| Community and Professional Lets | 69,079 | ||
| Total | 383,490 | 400 | |
| NET INCOME/(EXPENDITURE) | 157,268 | (400) | |
| Funds transferred from prior entity | 15 | 732,341 | |
| Net movement in funds | 889,609 | (400) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (400) | ||
| TOTAL FUNDS CARRIED FORWARD | 889,209 | (400) |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | |||
| FIXED ASSETS | |||
| Tangible assets | 11 | 117,821 | |
| CURRENT ASSETS | |||
| Stocks | 12 | 9,155 | |
| Debtors | 13 | 199,023 | 1,009 |
| Cash at bank and in hand | 94 499 | ||
| 1,271,062 | 95,508 | ||
| CREDITORS | |||
| Amounts falling due within one year | 14 | (499,674) | (95,908) |
| NET CURRENT ASSETS/(LIABILITIES) | 771,388 | (400) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 889,209 | (400) | |
| NET ASSETS/(LIABILITIES) | 889,209 | (400) | |
| FUNDS | 15 | ||
| Unrestricted funds: | |||
| General fund | 432,731 | (400) | |
| Designated Appeals Fund | 456,478 | ||
| 889,209 | (400) | ||
| TOTAL FUNDS | 889,209 |
| Period | ||
|---|---|---|
| 25/4/22 | ||
| YearEnded | to | |
| 31/12/23 | 31/12/22 | |
| Notes | ||
| Cash flows from operating activities | ||
| Cash generated from operations | 359,653 | 94,499 |
| Funds transferred from prior entity | 732,341 | |
| Net cash provided by operating activities | 94,499 | |
| Cash flows from investing activities | ||
| Purchase oftangible fixed assets | (123,694) | |
| Interestreceived | 85 | |
| Net cash (used in)/provided by investing activities | (123,609) | |
| Change in cash and cash equivalents in the | ||
| reporting period | 968,385 | 94,499 |
| Cash and cash equivalents at thebeginning | ||
| ofthe reporting period | 94,499 | |
| Cash and cash equivalents at the end ofthe | ||
| reporting period | 94,499 |
| RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH ACTIVITIES |
FLOW FROM O | PERATING |
|---|---|---|
| Period | ||
| 25/4/22 | ||
| Year Ended | to | |
| 31/12/23 | 31/12/22 | |
| Net income/(expenditure) for the reporting period (as per the Statement | ||
| of Financial Activities) | 157,268 | (400) |
| Adjustments for: | ||
| Depreciation charges | 5,873 | |
| Interestreceived | (85) | |
| Increase in stocks | (9,155) | |
| Increase in debtors | (198,014) | (1,009) |
| Increase in creditors | 403,766 | 95,908 |
| Net cash provided by operations | 359,653 | 94,499 |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
|---|---|---|---|
| At 1/1/23 | Cash flow | At 31/12/23 | |
| Net cash | |||
| Cash at bank and in hand | 94,499 | 968,385 | |
| 94,499 | 968,385 | ||
| Total | 94,499 | 968,385 | 1,062,884 |
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| Period | |||
| 25/4/22 | |||
| YearEnded | to | ||
| 31/12/23 | 31/12/22 | ||
| Donations | 2,835 | ||
| Tax refunds | 1,553 | ||
| Legacies | 10,ooo | ||
| 14,388 | |||
| 3. | OTHER TRADING ACTIVITIES | ||
| Period | |||
| 25/4/22 | |||
| Year Ended | to | ||
| 31/12/23 | 31/12/22 | ||
| Footlights shows income | 128,369 | ||
| Community let income | 31,512 | ||
| Professional let income | 242,795 | ||
| 402,676 | |||
| 4. | INVESTMENT INCOME | ||
| Period | |||
| 25/4/22 | |||
| YearEnded | to | ||
| 31/12/23 | 31/12/22 | ||
| Deposit account interest | 85 |
| Raising donations and legacies | ||
|---|---|---|
| Period | ||
| 25/4/22 | ||
| Year Ended | to | |
| 31/12/23 | 31/12/22 | |
| Just giving charges | 198 | |
| Support costs | 288,777 | 400 |
| 288,975 | 400 |
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Support | |||
| Direct | costs (see | ||
| Costs | note 7) | Totals | |
| Amateur performances | 23,083 | 2,353 | 25,436 |
| Community and Professional Lets | 69,079 | 69,079 | |
| 92,162 | 2,353 | 94,515 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| Raising donations and legacies | 279,701 | 328 | 8,748 | 288,777 |
| Amateur performances | 2,351 | 2 | 2,353 | |
| 282,052 | 330 | 8,748 | 291,130 |
| STAFF COSTS | ||
|---|---|---|
| Period | ||
| 25/4/22 | ||
| Year Ended | to | |
| 31/12/23 | 31/12/22 | |
| Wages and salaries | 142,446 | |
| Social security costs | 22,554 | |
| Otherpension costs | 5,458 | |
| 170,458 |
| The averagemonthly number of employees durin | g the year was as follows: | |
|---|---|---|
| Period | ||
| 25/4/22 | ||
| Year Ended | to | |
| 31/12/23 | 31/12/22 | |
| Management | 2 | |
| General | 4 | |
| Box Office | 8 | |
| Marketing | 1 | |
| 15 |
| 11. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Freehold | Plant and | |||
| property | machinery | Totals | ||
| COST | ||||
| Additions | 97,198 | 26,496 | 123,694 | |
| DEPRECIATION | ||||
| Charge for year | 4,860 | 1,013 | 5,873 | |
| NET BOOK VALUE | ||||
| At 3 1st December 2023 | 92,338 | 25,483 | 117,821 | |
| At 3 1st December2022 | ||||
| 12. | STOCKS | |||
| 2023 | 2022 | |||
| Stocks | 9,155 | |||
| 13. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| Otherdebtors | 188,935 | |||
| Prepayments | 10,088 | 1,009 | ||
| 199,023 | 1 009 | |||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR | |||
| 2023 | 2022 | |||
| Trade creditors | 19,346 | |||
| Taxation and social security | 2,695 | |||
| Other creditors | 477,633 | 95,908 | ||
| 499,674 | 95,908 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Funds | |||
| movement | transferred | |||
| At 1/1/23 | in funds | from prior entity | 31/12/23 | |
| Unrestricted funds | ||||
| General fund | (400) | 144,353 | 288,778 | 432,731 |
| Designated Appeals Fund | 12,915 | 443,563 | 456,478 | |
| (400) | 157,268 | 732,341 | 889,209 | |
| TOTAL FUNDS | (400) | 157,268 | 732,341 | 889,209 |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted funds | ||||
| General fund | 527,645 | (383,292) | 144,353 | |
| Designated Appeals Fund | 13,113 | (198) | 12,915 | |
| 540,758 | 157,268 | |||
| TOTAL FUNDS | 540,758 | (383,490) | 157,268 |
| Comparatives for movement in funds | ||
|---|---|---|
| Net | ||
| movement | At | |
| in funds | 31/12/22 | |
| Unrestricted funds | ||
| General fund | (400) | (400) |
| TOTAL FUNDS | (400) | (400) |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| Unrestricted funds | ||
| General fund | (400) | (400) |
| TOTAL FUNDS | (400) |