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2024-08-31-accounts

Charity registration number 1206822

CIDERMILL THEATRE TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024

CIDERMILL THEATRE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Charity number

Principal address

Auditor

Mr P Jackson Mrs S Steele Mrs D Lodge Mrs B Gregory Mr G Barrett Mr D Gale

1206822 Cidermill Lane Chipping Campden Gloucestershire GL55 6HU

CKCA Limited No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY1 4RH

(Appointed 22 August 2024) (Appointed 1 February 2024) (Appointed 6 November 2024) (Appointed 3 December 2024) (Appointed 3 December 2024) (Appointed 3 December 2024)

CIDERMILL THEATRE TRUST

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent auditor's report 6 - 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 19

CIDERMILL THEATRE TRUST

TRUSTEES' REPORT

FOR THE PERIOD ENDED 31 AUGUST 2024

The trustees present their annual report and financial statements for the period ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "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

The purpose of the charity is the advancement of performance art for the public benefit at amateur and professional level, in particular by the provision of performance arts facilities for the students of Chipping Campden School and the inhabitants of Chipping Campden and the surrounding area.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The dual-use of the Cidermill Theatre, acting as a school facility for students at CCS and also a community facility for members of the local community and beyond, is unique in this region of the country. Stakeholder feedback evidences significant public benefit across the many genres of performing arts showcased at the Cidermill Theatre.

Achievements and performance

The Cidermill Theatre Trust recognises several notable achievements in the academic year 2023-24, including:

Financial review

Total income in the period was £107,877 and total expenditure was £179,856.

The Trust has focussed in the period on developing a well thought out programme of events, including a wide range of professional productions, National Theatre Live and Royal Opera House screenings, and second run cinema screenings. On reviewing the performance of each of these productions the Trust recognises that while the programme has delivered the intended culturally rich offer to the local community, more can be done to improve the trading performance.

There have been no significant events requiring disclosure in the period.

The Cidermill Theatre has had a significant positive impact on the students and wider community related to Chipping Campden School Academy, and the deficit and cash flows of the theatre are being underwritten by the reserves of the school being the ultimate parent of the Trust. This is in line with the intended dual-use of the Cidermill Theatre which acts as both a school and community facility.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.

CIDERMILL THEATRE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

Plans for future periods

The Trust intends to continue the provision of the programme of events as discussed above but is also actively looking into a further broadening of the usage of the Theatre building. Opportunities being investigated include event hire both catered and non catered and an enhancement of the live music performances. During the period the Theatre has had most commercial success with live music and intends to reach out to local musicians and potentially offer a platform for up and coming musicians to showcase their talent.

Structure, governance and management

The Cidermill Theatre Trust is a Charitable Incorporated Organisation governed by it’s Constitution document. It is registered as a charity with the Charity Commission. Membership of the CIO is open to anyone who is interested in furthering its purposes. There is currently only 1 member, Chipping Campden School, a charitable company. The member has no liability to contribute to its assets in the event of the CIO winding up.

The trustees who served during the period and up to the date of signature of the financial statements were: The trustees who served during the period and up to the date of signature of the financial statements were:
Mr P Jackson (Appointed 22 August 2024)
Mr A J Sunderland (Appointed 1 February 2024 and resigned 5 November 2024)
Mrs S Steele (Appointed 1 February 2024)
Mr G Burton (Appointed 1 February 2024 and resigned 5 November 2024)
Mrs D Lodge (Appointed 6 November 2024)
Mrs B Gregory (Appointed 3 December 2024)
Mr G Barrett (Appointed 3 December 2024)
Mr D Gale (Appointed 3 December 2024)

Recruitment and appointment of trustees

As the Cidermill Theatre Trust develops, there will be the requirement to expand the number of Nominated Trustees. This process is driven by the Trustees Skills Audit. Posts are advertised and a full selection process followed to ensure that appropriate personnel are recruited, in-line with the Trustees Skills Audit.

Organisational structure

The board of trustees, which can have up to 8 members (3 elected trustees and 5 nominated trustees), administers the charity, and the board normally meets 6 times annually.

A Theatre Director is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations, the Theatre Director has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and artistic performance related activity.

Remuneration policy

The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings.

CIDERMILL THEATRE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

Other matters

In-line with the Charities Commission, the Cidermill Theatre Trust is structured as follows:

In addition to the above, at all formal meetings, the following are in attendance:

Meetings of the Cidermill Theatre Trust are held six times annually.

Risk management

The trustees have a risk management strategy which comprises:

• The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

Financial sustainability is the major financial risk for the charity. The risk is being managed by support from Chipping Campden School as the ultimate parent undertaking. A key element in the management of financial risk is a regular review of the performance of all events hosted by the Cidermill Theatre which has now been embedded in the meetings of the governing bodies of both the CIO and Chipping Campden School.

Relationship with related parties

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with a production company, contracted actor, performer or exhibitor must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. Related party transactions are reported in note 18.

Auditor

In accordance with the company's articles, a resolution proposing that CKCA Limited be reappointed as auditor of the company will be put at a General Meeting.

CIDERMILL THEATRE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 Disclosure of inforniation to •uditor Eath of th8 Injstéès has confimiad that thwÈ is no infolmation of which they are aware which 5$ relevant to the audit, bul of which the auditor 15 unaware. They have fijrthgr confirmed that they hav8 taken appropriatè 8tep8 to

Jentify suth relevant infomation and lo establish that the auditor is awarè of $u¢h Infom￿110n.

Th8 trusteas, r8port was approwd by th• Board of Tru$le•s. Lo Trngtse 3 D8comber 2024

CIDERMILL THEATRE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE PERIOD ENDED 31 AUGUST 2024

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CIDERMILL THEATRE TRUST

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CIDERMILL THEATRE TRUST

Opinion

We have audited the financial statements of Cidermill Theatre Trust (the ‘charity’) for the period ended 31 August 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

CIDERMILL THEATRE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CIDERMILL THEATRE TRUST

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identified and assessed the risks of material misstatement of the financial statements, in respect of irregularities whether due to fraud or error, or non compliance with laws and regulations and then designed and performed audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the Charity by discussion and enquiry with the trustees and management team and our general knowledge and experience of the theatre and drama sector.

We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Charities SORP, production licensing regulations, employment, and health and safety legislation;

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and reviewing other relevant information.

CIDERMILL THEATRE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CIDERMILL THEATRE TRUST

Audit response to risks identified

We assessed the susceptibility of the Charity’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed included but were not limited to:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

CIDERMILL THEATRE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CIDERMILL THEATRE TRUST CK Audlt (MAKJ 3 December 2024 Chartered Accountant¥ Statutory Auditor No 4 Ca8lle Court 2 Castie9ale Way Dudlgy West Midlands DY14RH CKCA Limited is eligible for appointrnenl as auditor of the chaiity by virtue of ts eligibilty lor appointment as auditor of a company under section 1212 of the CompaniesA¢t 2006.

CIDERMILL THEATRE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31 AUGUST 2024

Unrestricted
funds
2024
Notes £
Income from:
Donations and legacies 2 778
Charitable activities 3 107,099
Total income 107,877
Expenditure on:
Raising funds 4 13,288
Charitable activities 5 166,568
Total expenditure 179,856
Net expenditure and movement in funds (71,979)
Reconciliation of funds:
Fund balances at 1 February 2024 -
Fund balances at 31 August 2024 (71,979)

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.

CIDERMILL THEATRE TRUST BALANCE SHEET ASAT31 AUGUST2024 2024 Notes Curr•nt as*•ts Stocks Debtors C?sh 4t bank and In hand 2,175 2,752 9,073 12 14,LK 185.979) Credltor•: amounts hlllng du• within on• year 13 Not ¢urr•ftt liabilltie• (71,9791 Th• fvndB ofthe charlty Unreslricted funds (71.979) 171,9791 The financial ststements were approved by the trustees on 3 Decernber 2024 MrsD Trt￿ts• dge 11

CIDERMILL THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

Cidermill Theatre Trust is a Charity governed by a trust deed approved by the Charity Commission.

1.1 Reporting period

The charity was registered with the Charity Commission 01 February 2024. The accounts have been prepared up to 31 August 2024 to fall in line with the rest of the group, therefore the accounting period is less than one year. As this is the first year of existence there are no comparative figures.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's trust deeds, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Net current liabilities at the end of the period are £71,979, of this balance £56,098 is owed to other entities within the Chipping Campden School Group. This is the first period of trading for the Cidermill Theatre Trust which has begun to provide a community facility for members of the local community and beyond. The Cidermill Theatre is a young facility and is exploring a wide range of programming to identify the needs of the local area. Plans are being put in place to increase the commercial viability of the theatre which will be done while balancing the need to protect the cultural offering to the community.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

CIDERMILL THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.7 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 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 in the charity's balance sheet 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CIDERMILL THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024
£ £
Donations and gifts 478 -
Membership fees 300 -
778 -

CIDERMILL THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

3 Income from charitable activities
Unrestricted Unrestricted
funds funds
2024
£ £
Theatrical performances
Sale of goods 97,581 -
Booking and external hire
Sale of goods 9,518 -
107,099 -
4 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2024
£ £
Fundraising and publicity
Other fundraising costs 13,288 -
5 Expenditure on charitable activities
Theatrical
performance
s
2024
£
Direct costs
Staff costs 51,800
Production Costs 63,154
114,954
Share of support and governance costs (see note 6)
Support 47,214
Governance 4,400
166,568
Analysis by fund
Unrestricted funds 166,568

CIDERMILL THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

6 Support costs allocated to activities

Staff costs
Utilities
Maintenance
Cleaning
Water
Staff training
Advertising
Support & Bought-in services
Stationery
IT Licences / consumables
Inter-company support
Governance costs
Analysed between:
Theatrical performances
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements		 2024
£
11,379
3,500
1,301
5,130
350
455
8,285
2,103
425
8,392
5,894
4,400
51,614
51,614
2024
£
4,400

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.

9 Employees

The average monthly number of employees during the period was:

2024 Number 4

CIDERMILL THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

9 Employees (Continued) (Continued)
Employment costs 2024
£
Wages and salaries 55,561
Social security costs 4,301
Other pension costs 3,317
63,179
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2024
£
Aggregate compensation 26,292
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Stocks
2024
£
Finished goods and goods for resale 2,175
12 Debtors
2024
Amounts falling due within one year: £
Trade debtors 125
Prepayments and accrued income 2,627
2,752

CIDERMILL THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

13
Creditors: amounts falling due within one year
Notes
Deferred income
14
Trade creditors
Amount owed to parent undertaking
Amounts owed to fellow group undertakings
Accruals
14
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the period:
Deferred income at 1 February 2024
Resources deferred in the period
Deferred income at 31 August 2024
15
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
12,626
2,123
22,591
33,507
15,132
85,979
2024
£
12,626
2024
£
12,626
-
12,626
12,626
2024
£
3,317

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

CIDERMILL THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 February Incoming Resources At 31 August
2024 resources expended 2024
£ £ £ £
General funds - 107,877 (179,856) (71,979)

17 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
972
1,215
2,187

18 Related party transactions

Transactions with related parties

During the period the charity entered into the following transactions with related parties:

Recharged Utility costs
staff costs and cleaning
services
2024 2024
£ £
Entities with control, joint control or significant influence over the company - 15,925
Other related parties 40,840 -