SCANNED BLACKFRIARS ARTS CENTRE LIMITED (Limited by Guarantee) Company No 00702834 Charity No 228391 (England and Wales) DIREcfoRS' AND TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
BLACKFRIARS ARTS CENTRE LIMITED COMPANY If4FORMATION FOR THE YF.AR EIYDF.D 31 MARCH 2023 Dlreetors for the purposes of ¢he Companies Aet being". Directors and Trustees acling as the Coun¢il of Management Robert Barclay - Chairman Charle5 Bull Mi's Elizabeth Johnson Paul Gibs01) John Jackson David Grani John Till8on Adi'ian Recd Annetie Slewari Jocelyn l.awman (resigned 14.09.2022) Company Number 00702834 {Eiigland and Wal¢s) Charity Number 228391 Regi$fertd Offiee Spain Lane Boston Lincolnshire PE21 OHP Independent Examiner Mrs Nicola Michell¢ Lentoi) FCCA Dexlel. & Sharpe Cl)arteiEd Ceilified Accountants Th¢ Old Vicai'age chu1) Close Boston Liiicolnshire PE216NA BAnkers HSBC Baiik PIC 53-54 Market Pla¢¢ Boston Lincolnshire PE216L,S
BLACKFRIARS ARTS CENTRE LIMITED CONTENTS FOR THE YEAR ENDED 31 IARCH 2023 Pa Directors, & Trusl¢es' Report Independent Fxaminer's Report Stalement of Financial Activities Balance Sheet Notes to the Accounts 10- 16
BLACKFRIARS ARTS CENTRE LIMITED DIRECTORS, AND TRusfEES' REPORT FOR THE YF.AR ENDED 31 lIRCH 2023 The directots who MIE trustee5 present their report and accounts for the year ended 31 March 2023. Structure, Govtrngnec Management Constiiution BlackfriaTS Arts Centre is a company limited by guarantee govei'ned by its Memoranduin and Aiticles of Association (Company number 00702834). It is registered as a chai'ity with the Chai'ity Commi55ion (Nuinbci. 228391). Directors and iTUStees The directors of ih¢ cl)aTiiable coinpany (the charity) are its trustees for the purpose of charity law. The trustees are detailed on page l. ointment of trusteey As sel out in ihe Articles of Association, additional trustees can be co-opted on tlie board when it sees fil. Trusfre induction and irainii1 New Irustees uiidergo an oricntation day lo brief Ihem on their legal obligations linder charity and company law, the Charity CoiMmi55ion guidan¢e on public benefii, coiltent of the Meinoraiiduin and Articles of Association, the commillee and de¢isioi)-Inaking pi'ocesses, the blisiness plan and recent financial pei'formance of the charity. Object5 of the Charity The chaTlty's objecls and principal activity continues to be thal of presei'ving and inaintaining the Dominican Friary in Spain Laiie. Boston, LincoliishiiE as a cultural ¢¢ntre and lo promole, Inaintain, impi'ovc and advan¢e education particularly by the production of educational plays and th¢ encouTagement of th¢ arts, including th¢ arts of drama, Inime. dance, singing and Inusic. and to foi'n)ulate, pi'epair and establish schemes. We have I'eferred lo the guidance contained in the Charity Commission's geiieral guidai)ce oil publi¢ benefit when reviewing oui. aim and obj¢clives and in planning our future activities. In paiticular. the trustees consider how planned activitiLs will contribute to the aiins and objectives tliey have set. Our ¢haritable activities are mainly provided to the residents of Lincolnshire. We aim to provide an opportunity to enable childr¢n and adulis to experience art and cultuir and to fuither oui. charitable purposes for the benefit of the public. Organisation The board continiies lo provide a wide selection of ainateur and pi'ofes5ional acts of su¢h a nature that ther¢ will b¢ a hi)er lev¢1 of public intercsi in all of Ehe sei'vices pi'ovided by the Coinpany, and provide a Y¢8sonable return on ils investment and soine success has beeli measur¢d in the results for this financial year- it is hoped io continue this into 2023. The company has the siipptsrt of many volunteei's iii tl)e thcatre aiid gives thanks for theii. support- without wliieh the thealit would not survive. It is estim&ted thai ihe value of tliis is £60,000. Cont.
BLACKFRIARS ARTS CEIYTRE LIMITED DIRCI cfoRS' Af+lD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 CONT. Relted parties None of the trustees receive remuneration or otliei. benefit from their work with the cliarity and any expenses re- imburscd lo the trustees are detailed wiihin the notes. Any connection betweeii a trustee of the charity with a production company. contracted actor, perfornier oi. exhibitoi. musl be discloscd to the full board of ti'uslees in the same way as any ollier contractual relationship with a related pany. In the curreiit year no sucli relai¢d party transactions were reported. Blackfriars Arts Centre Ltd own5 the whole of the issu¢d sl)are capital of 131a¢kfriars Club Ltd. T]iis ¢oinpany's principal aclivity continues to be that of lic¢nsed vicluallers at th¢ BlackfriaTS Arts Centre premise5. Blackfriays Club Ltd's principal objects al'e to provide financial and such other fornis of support as the directors think fit to Bla¢kfriaTS Artg Centre Lid. The company entered into a decd of covenant wheirby all its distributable profils were paid to Blackfriars Arts Centi'e Ltd, aiid as such, no divideiids were payable by that coinpany. -I'he d¢ed of covenant now ¢omes witliin the Gift Aid arrangeinenls. During the ycar a profit of £775 wa5 mad¢ by ihe Club meaning Gift Aid of £9,365 was paid to the Art5 Ceiitre, (2022 - £4,541 profit ai)d Gifi Aid of £1,545). Developmcnt, a¢tlvitie5 and ehievements this year The trustees continue to find ways to secure the futur¢ of Blackfi'iars Art C¢ntre Ltd. The managem¢nt group is continuing to look at ways of providing funding without I'elyinLy on gi'ants fi'oin Boston Borough Council. The interest fTee loan from Inembers ot the public I'aised revei)ue of £22,470 and is still oiitstai)ding. Blackfriars Arts Centre fociises on conceits and stage peifom)ances, from both professional acts and amateur community groups. The programrne a¢liieve5 a Inix to 8Uit a range of puhlic tastcs, sucli as drama, ballet. musi¢als, op¢ra aiid tribute acts. At Cl)I'istmas each yeai. there is a pantoinime, wl)ich was well attended this year. A sUesSful Capital Investinent Prograinme application has lead to the upgrade and rei)ewal of lighting and audio visual equipment at the theatre. This will reduce our environmental iTnpact. reduLe our overheads, improve a¢¢essibility and allow a l)ighei' quality of pro&7rainmiiig. Future developmenf5 ie board of BlaLkfriars continii¢s to navigate a path out into the post coronavii'us age. Applying for available grant fui)ding and exploring otlier projecls and revelluc streams to seciire the future of Blackfriars Arts Ceiitre. We liave bccn successful in our applicatioii to b¢¢oine a Nalional Portfolio Organisaiion with the Aits Council England. This will pi'ovide huge financial and development support lo help broaden our programining and develop new in¢ome genei'aling oppoittunities. Cont,
BLACKFRIARS ARTS CENTRE LIMITED DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 CONT. Reserves, finfineifil posltion and rksk management Tlie income and expei)ditLire ae¢oiint shows a revenue profit for ihe year of £101,339 {2022- £58,294 profit). This profit in¢re8s¢d the ch#rily funds to £488,884. In order to continue to present a diverse progi'amme and also to adequately remunerate our staff thc trustees realise the nccd lo seek additional revenu¢ fundinkntr and continually pursue policies to generate such funds. The ti'uslees monilor the progress and financial siluatioii at Iheir regular meetings. Within these meeting they.. review th¢ risks the charity Inay face. consider systein5 and procedures to Initigate these risks. and consid¢r procedures designed to minimise any potential impact on the cl)arity should any of these risks matcrialise. Tangible fixed assets for use by the charity Details of movements in fixed assets are %t out in note 8 to the accoiints. Statement of Trn5teeg' re5ponsSbllities )e trustees are required by company law to prepare financial %tatements for each financial year which give a true and fair view of the fiiiancial activities of tlie cliarity and of its fii)ancial position at the end of that year. ITJ preparing those financi81 statements, the truste¢s are required to.. select suitable a¢¢ounting policies ai)d Ih¢n apply Iliem consistently. make judgTeinenls and estiinates that ar¢ reasonable aiid pi'iid¢nt; slate whether the policies adopted ait in accordance with the Companies Act 2006 and with applicable accounting stai)dards and stat¢inents of Itcommended practice, subject to any n)aterial departures disclosed aiid explained in the financial statements. prepar¢ the finallcial ateM¢ll1s on the goiiig con¢ern basis unless it is in8pproprial¢ to assume that the ¢hai'ity will continue in operation. Th¢ trustees are responsible for kcepiiig proper accounting records, which disc105e witli reasonable accuracy at any lime the financial position of the charity aiid enable thein to ensure that the fiiiancial statements ¢oinply willi the Coinpanies Aet 2006. They are alsa Irsponsible for saf¢kiuai'ding Ilie assets of the chai'ity and lience for taking asonable slcpg for the prev¢nlion and detection of fraud and oih¢r ieElI1arit]es. Small Company Rules This rcpoii has been prered in accordance witl) th¢ special provisions of Part15 of th¢ Coinpanies Act 2006 applicabl¢ to small companies. This Irport wa5 approved by the board of trustees on 27th Septeinber 2023 aiid sigiied by ilieii. order. Annette Stewait Direetor
BLACKFIUARS ARTS CENTRE LIMITFD INDEPEf+lDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACKFRIARS ARTS CENTRE LIMITED I report on the accounts of the chai'ilable company for the year ended 31 March 2023 whieh are set out on pages 7 to 16. Responsibi1Sties and basis of report As the charity's triistees of Ilie Coinpany {who are also the directors of the Company for the purpose5 of company law), you are responsibl¢ foi. the preparation of the accoLlllts in accordance with the requirement5 of the Compani¢s Act 2006 ("tlie 2006 Act"). Having satisfied Inyself that tl)e a¢counts of the Coinpany are not I'equired to be audited for this yeai. uiidei. Part 16 of the 2006 Aet and ale eligible for indende1)t examillation, I I'eport in respect of Iny exaininalion ot yOUi' charity's accounts as cari'ied out linder section 145 of the Chai'itics Act 2011 I'the 201 l Act"). In carryingF Out Iny exainiiialion, I hav¢ lollowed the Directions given by tlie Charity Cominission (under section 145(5) (b} of tlie 2011 Act. Independent examiner's statement I have completed my examinatioi). I confirm that no material matters1)ave ¢oine to Iny allention which givcs me cause to believe that.. accounting records were not kepi in accoidan¢e with section 386 of th¢ Companies Act 2006- or the acc()unts do not accord with siich records. or the a¢couiits do Aot coinply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any quI1'ement that the accounts give a 'true and fair, view which is i)oi a mallei. considered as part of an indep¢iident examination. or the accounls hav¢ not been prepared in accordance with the Chai'ities SORP (FRS102}. I have no concerns and have ¢oine aci'oss iio other matters in eoiinection witli the examinalioii to wliich attention should be drawn in this report ii) order to enable a proper uiideTslanding of the accounts to be reached. MRS NICOLA MICHELLE LENTON FCCA Independent Ci xaminer Dexter & Sharpe Chartered Certified AeeDuntants The Old Viearn¥e Church Close BostoD Lincolnshire PE216NA D#te: 28111 September 2023
BLACKFRIARS ARTS CENTRE LIMITED STATEMF.NT OF FINANCIAL ACTIVITir FOR THE YEAR FNDED31 MARCH 2023 Designated Capital Funds Restricted Funds General 2023 Total 2023 Total 2022 Note Ineoming resources: kncoming 4nd endowments from: Volunlapy incuine.. Donations and le¥acies - Blackfriars Donations 8nd legacies- Shodfriais Charitable activities Otlier ti?ding activities Theatre Tax Reliel. Investment Incoime 159,256 1S244 174,500 118,967 8,379 216,016 28.620 6,202 12 I35 315,188 51,683 4,471 414 317,023 51,683 4,471 414 TOTAL INCOMING RESOURCES 161,091 387,000 548,091 378,196 Expenditure on: Charitable activities- Blackfriars Charitable ac¢ivili¢s- Shodfyiars 2,146 435,241 437J87 316,624 3,278 TOTAL EXPENDITURE 2,146 435241 437,387 319,902 NET INCOMEI lEXPENDuRE FOR THE YEAR: 158,945 TRANSFERS BETWEEN FUTrIDS (158,945) (48241) 158,945 110,704 58,294 13 NET SURPLUS FOR THE YEAR AFTER TRANSFERS 110,704 110,704 S8,294 The notes oil page5 10 to 16 fomi part of these financial sial¢ment5
BLACKFRIARS ARTS CENTRE LIMITF.D STATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 St*lement of Other Reeognised Gijlns Designatsd Capital Funds Resfrieled Funds Ceneral 2023 Total 2023 Total 2022 Note Net Movement in Funds for the Year 110,704 110,71M 58,294 'rotal Funds brought forward 387,545 387,545 329,251 Capital Contribution TOTAL FUNDS CARRIED FORWARD 498249 498,249 387,545 CAprrAL AND RESERVES PKR BALANCE SHEET 498,249 387,545 None of the company's activities were acquired or discontinued during ihe year and their were no recognised gains and losses for 2022 or 2023 other than those included in the Statement of Financial Activities. The notes on pag¢s 10 to 16 form part of these financial statements
BLACKFRIARS ARTS CEIYTRE LIMITED IJALANCE SHEET AS AT JI MARCH 2023 COMPANY NUMBER 00702834 Notes 2023 2022 Fixed A55els Tangible Assets.. Land dnd Buildings Cinema Equipin¢nl Equipm¢nt and Fixture5 IS374 8,819 29J,149 159,133 14,227 173,007 455,542 346,367 Unquoted Investments: Blackfyiars Club Limited 100 100 455,642 346.467 Current Assets Stock Debtors Cash at Bank and in l-land 1,242 52,7J I I1774 1,492 31,254 142,674 10 181,527 (75,745) 175,420 (66,045) Creditor5: amouiils lalling due withiii one year r4¢t Current Asse(LIabilItI¢S) 105,782 109,375 Net CurreDt Assets 561,424 455,842 12 Creditory: amounts falliiig due after on¢ year (63,175) (68.297) Net Assets 498,249 387,545 13 Funds of the Charity Designated Cupital Funds Restri¢l¢d Capital Funds Uiircstricted Funds Unrestrictcd Funds- Capital Contribution 498,249 387,545 Total Charity Funds 498,249 387,545 The compai)y is entitled to exemption from audit under Section 477 of tlie Companies Act 2006 for th¢ year ended 31 March 2023. The members have not requiTed the coinpany to obtain an audit of lis fii)ancial Sthl¢ments for the year end¢d iii accordance with Section 476 of the Coinpani¢s Act 2006. The diyectors acknowledge their responsibilities for.. (a) en8ui.ing ihat the company keeps accountiiig Itcords which comply with Sections 386 and 387 of the C'ompanies Act 2006,. and prepaTing> financial statements which give a triie and fair view of the slate of affairs of ihe coinpany as at the end of¢ach financial yeav and of ils profit or loss foi. eacli financial yeai. in accordance with the requireineiits of Sections 394 and 395 dnd wlii¢h othei'wise coinply witli the Iwuirement5 of the Companies Aci 2006 relalii)g to finaiicial s¢atement5. $0 fai. as applicable to th¢ coinpany. The fiiiancial statements have been prepar¢d in accordance with the special provisions of Part 15 of the Companies Act 2006 r¢latii)g to sinall companies. The finan¢ial statements wer¢ approv¢d by the Board of Directors on 27tli Seplembei. 2023 and were signed on its beh (b) Aniielte Stewart Director Robert Bai'clay Chairnian
BLACKFRIARS ARTS CENTRE LIMITED IYOTES TO THE Fif4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Sharc Capital The COTnpany is Ilico)0rated under the Companies A¢t as a Guarantee Company. No share capital ha5 bcen issued. In the eveni of the Lompany's winding LIP each memkr may be required to ¢onlribut¢ an amount not ¢xceeding £1 as a contribution towards the debis and liabilities of the company. Basis of Preparaliott of Finattcial Sfltements The financial statements of tlic charitable company, which a public beiiefil enlity undei. FRS 102, have been prepared in accordance with the cliai'ilics SORP {I-'RS 102)'Aecounting and Reporting by Cliai'ities.. Stateinent of Recommended Pi'actice applicable lo chai'ities preparing their accounts in accordance with the Financial Repoi1iJJg Standard applicable in the UK and Republic of Ireland {fRS 102) (¢ffective l Janiiary 2015),, Financial Reportii)g Standard 102 'The Financial Repoi1in& Standard applicable in the UK and Repiiblic of Ireland. and tlie Compaiiies Act 20016. The financial statLinenls have beei) prepared under the historical Cost convention. Tangible Fixed Assefs #nd Dcprvclation Tangible fixed assets are stated at cost ur valuation less deprcciation. DepiEciation is provided at rates calculated to wrile off the cost or valuatioii of fixed assets, less their estimated I'esidual value, over their expeCd useful lives on tl)e following bases.. Nil Cliarged IOO/o Reducing Balance Basis oi. l 00/0 on cost as appropriate IIP/o Reduciiig Balance Basis 250/0 Sti'aight l.ine B&qis Frcchold Land and Buildings Equipinent and Fixtuits Cinema Equipment Compiiter and I,T. Equipment The freehold buildings are maintained to su¢h a standard that their estimated residual value is noi less than their cost. No d¢pYeciation is charged &8 It is not material. Grants Received All granlq received relevant to the year whether (>f a reveiiue or capital nature are included withiii iiicoming resouires in the Staleinent of Financial ActivitlC5. (ti'aiits received for specifi¢ projects al'e included in r¢slricted funds. Giants I'eceivcd are ii)clud¢d in tlie year iii which they are received 8ny Grants re¢eived for r¢slricted purwses are applied as specified. OpcrAtlnE Income Revcnuc income represei)ts the invoiced ainoiint of goods sold, se]vices piDvided ai)d rev¢nue grant aid IEceiv¢d during ihe year. Investments Inves(Inents aiE slated at ¢iihei' (a) their cost to the charity oi. (b) if no cost was involved at thcir valiiation al thc balance sheei date. Rea]ised aiid uniEaliscd gains and losses on invcstments are dealt with in the Stateinent of Financial Activities. Stocks Sto¢ks are statrd at the lowei. of cost and nd rcalisable value. Taxation The company is a registered charity and no coi'poYatTOlltax liability is provided on income arisiiig. The ¢oiiipany is registered for VA T, under the partial exemplioii rules. Management & Administration Expenditure Admiiiistralion expenditu includes expenditure I'elated to the charitable activiry or fund raising venlurcs. This inclLides costs of riiiining thc otTice aiid g7eneral piiblicity. 10
BLACKFRIARS ARTS CENTRE LIMITED NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 DONATIONS AND LEGACIES- NRESTR Bl4ckfvlArs Donalitsns from Tndividuals Arts CoL)ncil fundin BIIC Cuvid Grant L,CC. Nq¢mbership Fees Gift Aid 11691 16,183 78,129 10,667 750 925 2,813 S50 2,003 1&244 109.467 Shodfri&Ys BBC Covid Granis Art5 Council funding- Shodfrig 16,000 17,621) 8,379 DONATIONSAND LEGAC S- RESTRICTED GTffftlS received in the year Arts Council fundin8- Blackfriol Medlock Charity rTi¢nd% of BTA Bu$iott Big Liral IS0,000 5,000 2,756 1,500 9,500 159,256 9,5(XJ CHARI'fABLE ACT Thc&lr¢ and Rewue Bar Hire vfprcmises vi'riES- UN ESTRICTED 237J26 77,662 143.629 62.431 315,188 206,080 CHARITABLE ACi'IVITIES- R TRICTED Lincs CVS-'The Weddittg SingLY DWP- Kirksiart funding 750 I,oAs 9,936 9,936 OTIIER TRADING ACTIVI Shop Sales Advcrtisiiig Painiings Oihei" Incorne Illackfriars Cluh- Cojyoratt Gift Aid R¢furbishtneni levy 30,232 1.043 22,061 417 77 30 1.545 4,490 3,109 9,365 6,934 51,683 28,620
BLACKFRIARS ARTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CHARITABLE ACTIVITIES- BLACKFRJARS Restricled Unrestrlcted 2023 2022 Theatre and Revue Bar Shop Merchandise OtlieT Expenditure Rates, IiisiiiBiice and Licences Light and Heat Clcaning and Maintenance Depreciation Loss oli Sale of Fixed Assets Marketing Subcontract Labour Wages Pension Otlier Admin Costs Donatioi)s Accountaiicy Loan inleresl 750 173,180 14,803 1,873 15J69 18,622 14,775 49,686 3,699 10,537 44,889 63,1124 1,465 19,178 489 1,764 1,088 173,930 14,803 2,173 15,369 18,622 14,775 49,686 3,699 10,537 44,889 64,920 1,465 19,178 4119 1,764 1,088 106.488 8,255 1,400 14,321 11,054 14,679 27,166 30D 3,802 55,197 42,881 912 26,910 1,096 1,455 1.003 2,146 435,241 437J87 316,624 CHARITABLE ACTIVITIES- SHODFRIARS Re5trieted Unrestricted 2023 2022 Rates. Insurance and Li¢ene¢s Light and Heat Piofessional Fees Telephone Postage Websifr Costs Suiidry Expenditure 14 158 2.770 36 173 125 3,278 12
BLACKFRIARS ARTS CEIYTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IVIARCH 2023 SURPLUS FOR THE YEAR 2023 2022 The surplus of in¢ome over expenditure is stated after charging.. Loss on Sale of Fixed Assets Depreciation of Tangible Fixed Assets 3,699 49,686 27.166 STAFF COSTS No reinuneration was paid lo Committee of Manageinent dui'ing ihe yew. aJ)d no Iru51ee extxnses have been incurred. Staff Costs of Éh¢ reinainiiig staff We.. Sub Contrnct Laknur Wages Pension 44089 64,920 1,465 55.197 42,879 913 111,274 98,989 The average weekly number of staff employed by tlie charity during the year was as follows: No. Dir¢¢t Charitable Worf( No einployees re¢eived more than £60,000 in the year. NOTES TO THE FINANCIAL STATEMETr¥fs FOR THE YEAR ENDED 31 MARCH 2023 13
BLACKFRIARS ARTS CENTRE LIMITKD TANCIBLE FIXED ASSETS Freehold Land and Cinem4 Equlpment & Buildings F4uipment Fixtures Total Cost At beginning of Year Addilions Disposals Reclassification 181.964 21,200 257,486 162,560 460,650 162,560 (4,110) (4,110) At end of Year A8l,964 17,lJ90 420,046 619,100 Depreciation At beginning of Year Released Reclassification Charge for Year 22,831 6,973 (411) 84,479 114,283 (411) 5,559 1,709 42,418 49,686 2&390 8,271 126097 163,558 Net Book Value 2023 153,574 8,819 293,149 455,542 Net Book Value 2022 159.133 14,227 173,007 346.367 The HSBC Bank PIC have a charge against the deeds and documents they hold for 10, I l and 12 Spain Court, Boston, and for the property BlaGkfriai's Tliealre, Spain Lane, Boston, althougli no loans or liabilities are ouistsnding to the bank at preseni. UN UOTED JNVESTMENTS 2023 2022 At Cost Blackfiiars Club l.td. IQO Ordinary Shares al £1 each loo 100 The company owns the whole of the issued share capital of Blackfviars Club Ltd, being 100 ordinary shar¢s of £1 each issued at par. The financial i'esults were as follows.. SLiinmary Protit and Loss A¢¢ount'. Turnover Costs 24,694 14,554 14,450 8,364 Operating Profit Gift Aid to Blackfriat3 Arts Centre Ltd 10,140 9,365 6,086 1,545 PIDfil Absoi'bed 775 4,541 The shatTholders' funds at the end of the year were 14
BLACKFRIARS ARTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hgARCH 2022 10. DFBTORS: DUF WITHIN ONE YKAR 2023 2022 Trade Debtors Other Debtors PIEpaymenls 21,522 15,504 15,685 16,343 11,301 3.610 52,711 31,254 ii. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Trade Creditors Accruals Defrrred Income sla[ Security Cost% and Other Taxes 50,566 6,998 11,871 6JID 47,164 4,330 10,265 4,286 75,745 66,045 12. CREDITORS.. AMOUNTS FALLING DUE AFfER ONE YEAR Bonds Bounce Back Loan 22,470 40,705 22,470 45,827 63,175 68,297 In accordance with the Charities SORP (FRS 102), the interest frcc loan has been discounted at a market rate of inteiESt. Intert Free Loans Notional interest for assuined l¢rn) of loan Notional interest already utilis¢d Notioiial inierest charged in the year 22,470 (2,056} 2,056 22,470 (2.056) 2.056 Assum¢d net present value of interest free loan 22,470 22,470 15
BLACKFRIARS ARTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 iIqARCH 2023 13. FUNDS OF THE CHARITY (a) UnrestTlCted funds represent the accumulated revenue of the ¢harily. (b) Analysi5 of net assets betwecn funds: Blackfriars Restricted Unrestricted Shodfriars Re5trict¢d Unrestricted Total Tangible Assets Unquoted InvtmentS Stock Debtors Casli at Bank and in Hand Creditors (withii) l year) Creditors (after l year) 455,542 100 1,242 52,711 I2774 (7S,745) (63,175) 455,542 loo 1,242 52,711 127,574 (75,745) (63,175) 498,249 498,249 {e) Moveinent in Funds Net movement in funds Transfer behveen funds At 1.4.22 AÉ 31,3.23 Restricted Blackfriars 158,945 (158,945) Total Restrieted 158,945 (158,945) Unrestricted Blacktnars 387.545 {48241) 158,945 498,249 Total Unreytyieted 387.545 (48,241) 158,945 498,249 14. RF.LATED PARTY TRAf+4SACTIONS During the yeai., tlie charity re¢eiv¢d gifl aid coi)Iribulions of £9,365 {2022 - £1.545) from Blackfriars Club Limit¢d. 16