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|CONTENTS|Page|
|---|---|
|List ofoffIcers and advisers||
|Report ofthe Trustees|2-8|
|Report ofthe Independent
Auditor|9-11|
|Consolidated
Statement ofFinancial Activities|12|
|Charity Statement ofFinancial Activities|13|
|Consolidated
and Charity Statements ofFinancial Position|14|
|Consolidated
Cash Flow Statement|15 —16|
|Notes to the Financial Statements|17-32|
##
##
|DIRECTORS/TRUSTEES|CRThomas —Chair||
|---|---|---|
||Z Ahmed||
||J Blackburn||
||SBlanch6eld
(appointed|10August 2022)|
||M Borkowski||
||WEA Edwards||
||M Hamlin||
||CFKong||
||G Milner||
||GE CWoodcock||
||J KWorkman||
|COMPANY SECRETARY|J KWorkma'n||
|CHIEF EXECUTIVE|M Goucher||
|ADDRESS 8cREGISTERED OFFICE|Everyman
Theatre||
||Regent Street||
||Cheltenham||
||Gloucestershire||
||GL50 1HQ||
|AUDITOR|Andorran
Limited||
||Chartered
Accountants|BcStatutory Auditor|
||6 Manor Park Business|Centre|
||Mackenzie Way||
||Cheltenham||
||Gloucestershire||
||GL51 9TX||
|SOLICITORS|BPE||
||StJames House||
||StJames Square||
||Cheltenham||
||Gloucestershire||
||GL50 3PR||
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|||||Total|Total|
|---|---|---|---|---|---|
|||Restricted Unrestricted||Funds|Funds|
|||Funds|Funds|2023|2022|
|INCOME FROM||||||
|Donations
and legacies (note 2a)||82,371|566,798|649,169|1,078,907|
|Other trading
activities (note 2b)|||643,541|643,541|546,672|
|Investment
income (note 2c)|||37,805|37,805|16,514|
|||82,371|1,248,144|1,330,515|1,642,093|
|Income from Charitable
Activities|(note 3)||5,032,163|5,032,163|3,333,578|
|Other income (note 4)|||147,'124|147,124|69,723|
|Total||82,371|6,427,431|6,509,802|5,045,394|
|EXPENDITURE ON||||||
|Raising funds (note 5)|||597,911|597,911|502,017|
|Charitable
activities||124,127|5,921,828|6,045,955|4,441,814|
|Total||124,127|6,519,739|6,643,866|4,943,831|
|NET INCOME/(EXPENDITURE)||||||
|BEFORETRANSFERS||(41,756)|(92,308)|(134,064)|101,563|
|Transfers
between
funds (note 21)||||||
|NET MOVEMENT OF FUNDS IN YEAR||(41,756)|(92,308)|(134,064)|101,563|
|RECONCILIATION
OF FUNDS||||||
|Balance brought
forward at 1April 2022||672,549|2,136,477|2,809,026|2,707,463|
|Balance carried forward at 31March 2023||630,793|2,044,169|2,674,962|2,809,026|
|Analysis offunds (note 21):||||||
|Unrestricted
general funds||||503,796|606,104|
|Designated
funds||||1,540,373|1,530,373|
|Restricted capital funds||||535,899|570,281|
|Restricted income funds||||94,894|102,268|
|||||2,674,962|2,809,026|
##
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##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||Restricted Unrestricted||Funds|Funds|
||||Funds|Funds|2023|2022|
|INCOME FROM|||||||
|Donations
and legacies|(note 2a)||82,371|566,798|649,169|1,078,907|
|Investment
income (note 2d)||||228,057|228,057|120,898|
||||82,371|794,855|877,226|1,199,805|
|Income from Charitable|Activities|(note 3)||5,032,163|5,032,163|3,333,578|
|Other income||||||7,487|
|Total|||82,371|5,827,018|5,909,389|4,540,870|
|EXPENDITURE ON|||||||
|Raising funds (note 5)|||||||
|Charitable
activities (note 6)|||124,127|5,919,362|6,043,489|4,439,156|
|Total|||124,127|5,919,362|6,043,489|4,439,156|
|NET INCOME/(EXPENDITURE)|||||||
|BEFORETRANSFERS|||(41,756)|(92,344)|(134,100)|101,714|
|Transfers
between
funds|(note 21)||||||
|NET MOVEMENT OF FUNDS IN YEAR (NOTE 10)|||(41,756)|(92,344)|(134,100)|101,714|
|RECONCILIATION|OF FUNDS||||||
|Balance brought
forward at 1April 2022|||672,549|2,136,477|2,809,026|2,707,312|
|Balance carried forward at 31March 2023|||630,793|2,044,133|2,674,926|2,809,026|
|Analysis offunds:|||||||
|Unrestricted
general funds|||||503,760|606,104|
|Designated
funds|||||1,540,373|1,530,373|
|Restricted capital funds|||||535,899|570,281|
|Restricted income funds|||||94,894|102,268|
||||||2,674,926|2,809,026|
##
|||||Group||Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|FIXEDASSETS|||||||
|Tangible assets (note 12)|||1,435,337|1,461,824|1,393,054|1,410,430|
|Investments
(note 13)|||||4|4|
||||1,435,337|1,461,824|1,393,058|1,410,434|
|CURRENT ASSETS|||||||
|Stocks|||15,751|13,814|||
|Debtors (note 14)|||630,551|526,280|557,917|526,848|
|Cash at bank and in hand|||4,349,928|4,627,338|4,268,256|4,567,941|
||||4,996,230|5,167,432|4,826,173|5,094,789|
|CURRENT LIABILITIES|||||||
|Creditors: Amounts|falling due within one year (note 15)||2,974,084|2,851,416|2,761,784|2,727,383|
|NET CURRENT|ASSETS||2,022,146|2,316,016|2,064,389|2,367,406|
|LIABILITIES|||||||
|Creditors: amounts|falling due after more than one year (note 16)||782,521|968,814|782,521|968,814|
|NET ASSETS (note 17)|||2,674,962|2,809,026|2,674,926|2,809,026|
|FUNDS OFTHE CHARITY (note 21)|||||||
|Restricted funds|||||||
|Capital funds|||535,899|570,281|535,899|570,281|
|Other restricted
funds|||94,894|102,268|94,894|102,268|
|Total restricted
funds|||630,793|672,549|630,793|672,549|
|Unrestricted
income funds:|||||||
|General|||503,796|606,104|503,760|606,104|
|Designated
funds|||1,540,373|1,530,373|1,540,373|1,530,373|
|TOTAL CHARI|FUNDS||2,674,962|2,809,026|2,674,926|2,809,026|
|Approved
b|stees on 30|ctober 2023|||||
|||Trustee|||||
|mas|||||||
|||Trustee|||||
|G Milner|||||||
|For and on behalf|ofthe trustees||||||
##
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||||2023|2022|
|---|---|---|---|---|
|Cash flows from operating||activities|||
|Cash generated
from operating
activities|||13,862|715,513|
|Interest paid|||(48,082)|(15,003)|
|Net cash from operating||activities|~34,220|700,510|
|Cash flows from investing||activities|||
|Purchase oftangible
oned|assets||(106,094)|(38,064)|
|Interest received|||37,805|16,514|
|Taxation received|||58,841|91,081|
|Net cash from investing|activities||9,448|69,531|
|Cash flows from financing||activities|||
|Loan repayments
in year|||(233,742)|(29,480)|
|Net cash from financing|activities||~233,742|~29,480|
|Increase/(decrease)
in cash||and cash equivalents|(277,410)|740,561|
|Cash and cash equivalents|at the beginning ofthe year||4,627,338|3,886,777|
|Cash and cash equivalents||at the end ofthe year|4,349,928|4,627,338|
##
##
|RECONCILIAT|I|ON
OF INC|OME TO CASH GENER|ATED FROM OPERA|TIONS|
|---|---|---|---|---|---|
|||||2023|2022|
|Net income||||(134,064)|101,563|
|Depreciation
charges||||132,580|251,236|
|Finance costs||||48,082|15,003|
|Finance income||||(37,805)|(16,514)|
|||||8,793|351,288|
|Decrease/(increase)||in stocks||(1,937)|(1,328)|
|Decrease/(increase)||in trade and|other debtors|(104,271)|17,971|
|Increase/(decrease)||in trade and|other creditors|111,277|347,582|
|Cash generated|from operating||activities|13,862|715,513|
##
##
|Year|ended 31March 2023|||
|---|---|---|---|
|||31.3.23|1.4.22|
|Cash|and cash equivalents|4,349,928|4,627,338|
|Year|ended 31March 2022|||
|||31.3.22|1.4.21|
|Cash|and cash equivalents|4,627,338|3,886,777|
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|2.|INCOME||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|a)|Donations
and legacies (group and charity)||||||
||Unrestricted
general
fiends||||||
||Grants||||||
||Arts Council England||||384,494|384,494|
||Cheltenham
Borough|Council|||148,800|148,800|
||Culture Recovery Fund|||||401,874|
||||||533,294|935,168|
||Bequest from Lady Marychurch||||10,000||
||Bequest from Mary Rees||||1,000||
||Bequest from Rosemary Parker|||||14,000|
||Bequest from Colin Bailey|||||1,000|
||Sponsorship,
legacies|and other income|||22,504|34,573|
||||||566,798|984,741|
||Restricted
income funds —grants and donations||||||
||Donor||S onsorshi
Reference||||
||Investec||Project Zebra||20,000||
||Wentworth
Court||Intergenerational|Project|2,500||
||Everyman
Theatre Association||Studio Christmas|Show|3,073|4,500|
||Cheltenham
Borough|Council|The Walk||3,000||
||National
Star College||Reflections Project||1,200||
||National
Star College||Discover and Explore Project||1,000||
||Barnwood Trust||Refugee Project|||1,927|
||National Benevolent|Charity|Refugee Project|||1,927|
||National
Star College||Puppet Project|||1,300|
||Sponsor a Seat income||||4,800|28,520|
||Others less than $600||||548|9,742|
||||||36,121|47,916|
||Restri ctedgeneral funds||||||
||Cheltenham
Borough|Council —rent Bcinsurance|||46,250|46,250|
||||||82,371|94,166|
||Total donations
and|legacies|||649,169|1,078,907|
##
|2.|INCOME - continued|INCOME - continued|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||b)
Other Trading|Activities|||(group)||||
||Unrestricted general funds||||||||
||Bar and catering activities||||||643,541|546,672|
||||||||643,541|546,672|
||c)
Investment
income||(group)||||||
||Unrestricted general funds||||||||
||Interest on investments||||||37,805|16,514|
||d)
Investment
income||(charity)||||||
||Unrestri ctedgeneral funds||||||||
||Interest on investments||||||37,805|16,514|
||Rent and service contributions|||from txading subsidiaries|||34,770|34,089|
||Dividends
from txading subsidiaries||||||155,482|70,295|
||||||||228,057|120,898|
||INCOME FROM CHARITABLE ACTIVITIES||||||||
||Unrestricted general funds|—group||and|charity||||
||Income from concerts|and stage|||performances:||||
||admission
charges|and programmes|||||4,902,343|3,222,736|
||Education
and Community||Programme|||income|129,820|110,842|
||||||||5,032,163|3,333,578|
|4.|OTHER INCOME||||||||
||Unrestricted general funds|—gr0up|||||||
||Production
tax credits||||||146,883|59,048|
||Other Government
grants|||||||10,619|
||Write down ofloan to|subsidiary|||company||241|56|
||||||||147,124|69,723|
||Unrestricted general funds|- charity|||||||
||Other Government
grants|||||||7,487|
|5.|EXPENDITURE ON RAISING FUNDS||||||||
||Unrestricted general funds|-gmup|||||||
||Theatre
—support costs (note|||7)|||||
||Bar and catering||||||597,911|502,017|
||||||||597,911|502,017|
##
##
|The charity under|takes
direct c|haritable
activiti|es
only.||||
|---|---|---|---|---|---|---|
||||Concerts|Education
8c|||
||||And Stage|Community|2023|2022|
||||Performances|Programme|Total|Total|
|Direct production|costs||3,259,964|110,359|3,370,323|2,064,869|
|Backstage and other production||costs|448,029||448,029|485,859|
|Production/activity|advertising|and marketing|398,629||398,629|392,120|
|Boxoffice and front ofhouse|||234,496||234,496|206,323|
|Depreciation/loss|on disposal|ofassets|98,711|20,218|118,929|230,971|
|Central premises|costs||449,830|92,134|541,964|286,181|
|Support costs (note 7)|||725,159|205,960|931,119|772,833|
||||5,614,818|428,671|6,043,489|4,439,156|
##
|the two charitable
activities
use ofresources.|undertaken
(see not|e 8). Support costs are allocat|
|---|---|---|
|||Theatre|
|||Operation
(inc|
|||Education)|
|Support costs|||
|General of6ce||629,782|
|Finance of6ce||175,089|
|Information
technology||59,716|
|External audit||11,826|
|Legal and other professional|fees|54,706|
##
##
|9.|ANALYSIS OF STAFF COSTS|2023|2022|
|---|---|---|---|
||Salaries and wages|2,266,838|2,131,726|
||Social security costs|160,759|135,686|
||Pension costs|82,827|76,944|
|||2,510,424|2,344,356|
|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||Number|Number|
||||||Full-time|Part-time|Casual|Total|Total|
||Bar and catering||||||27|32||
||Concerts and stage performance|||||||||
||(House staff)||||15|26|78|119|110|
||Education
and Community|||Programme|4|2|8|14|5|
||Fundraising|||||1||1|1|
||||||23|30|113|166|147|
|10.|MOVEMENT|IN TOTAL FUNDS|||FORTHE|YEAR||||
||This is stated after charging/(crediting)||||the following:||2023||2022|
||Auditor's
remuneration||||||11,826||11,179|
||Pension contributions||||||82,827||76,944|
||Depreciation of|tangible|Gxed assets|||||||
||restricted|funds||||34,382||121,141||
||unrestricted
funds|||||98,198||130,095||
||||||||132,580||251,236|
##
##
##
|TANGIBLE FIXEDASSETS —GROUP|||||
|---|---|---|---|---|
||||Short||
||||Leasehold||
||Motor|Plant 8c|Property||
||VehiclesEquipment||Improvements|Total|
|Cost or Valuation|||||
|At 1 April 2022|9,750|1,106,482|3,453,051|4,569,283|
|Additions|20,735|62,352|23,006|106,093|
|Disposals|(9,750)|(6,525)|(5,947)|(22,222)|
|At 31 March 2023|20,735|1,162,309|3,470,110|4,653,154|
|Depreciation|||||
|At 1 April 2022|9,750|916,187|2,181,522|3,107,459|
|Charge for the year||41,984|90,596|132,580|
|Disposals|(9,750)|(6,525)|(5,947)|(22,222)|
|At 31 March 2023||951,646|2,266,171|3,217,817|
|Net BookValue|||||
|At 31 March 2023|20,735|210,663|1,203,939|1,435,337|
|At 31 March 2022||190,295|1,271,529|1,461,824|
|TANGIBLE FIXEDASSETS —CHARITY|||||
||||Short||
||||Leasehold||
||Motor|Plant
Bc|Property||
||VehiclesEquipment||Improvements|Total|
|Cost or Valuation|||||
|At 1 April 2022|9,750|737,545|3,453,051|4,200,346|
|Additions|20,735|57,782|23,006|101,523|
|Disposals|(9,750)|(6,525)|(5,947)|(22,222)|
|At 31 March 2023|20,735|788,802|3,470,110|4,279,647|
|Depreciation|||||
|At 1 April 2022|9,750|598,644|2,181,522|2,789,916|
|Charge for the year||28,303|90,596|118,899|
|Disposals|(9,750)|(6,525)|(5,947)|(22,222)|
|At 31 March 2023||620,422|2,266,171|2,886,593|
|Net BookValue|||||
|At 31 March 2023|20,735|168,380|1,203,939|1,393,054|
|At 31 March 2022||138,901|1,271,529|1,410,430|
##
##
||All assets are us|All assets are us|ed in dir|ect furtherance|ofthe charity's
o|bjects.|||
|---|---|---|---|---|---|---|---|---|
||Short leasehold||property|improvements|comprise:||||
|||||||Cost or|Accumulated|Net Book|
||Group and charity|||||Revaluation|. Deprecation|Value|
||Additions|2009||||101,474|(88,642)|12,832|
||Additions|2010||||68,763|(50,563)|18,200|
||Additions|2011||||29,256|(29,256)||
||Additions|2012||||2,402,161|(1,700,575)|701,586|
||Additions|2013||||77,209|(46,980)|30,229|
||Additions|2014||||14,060|(12,349)|1,711|
||Additions|2016||||114,536|(50,248)|64,288|
||Additions|2017||||22,847|(7,227)|15,620|
||A.dditions|2018||||22,804|(8,479)|14,325|
||A.dditions|2019||||68,563|(20,501)|48,062|
||Additions|2020||||57,149|(16,937)|40,212|
||Additions|2022||||17,055|(1,706)|15,349|
||Additions|2023||||23,006||23,006|
||Revaluation:||||||||
||- Phase 2:||Ventilation|||337,274|(172,778)|164,496|
||-Phase 3B:||Refurbishment|||113,953|(59,930)|54,023|
|||||||3,470,110|(2,266,171)|1,203,939|
|13.|INVESTMENTS —CHARITY||||||||
|||||||||Subsidiary|
||||||||undertakings||
|Shares —cost at 31 March 2022|Shares —cost at 31 March 2022|
|---|---|
|Additions|in year|
|Disposals||
||companies
ha|ve been includ|ed
within
these cons|olidated
ftnancial
st|atements.|||
|---|---|---|---|---|---|---|---|
|14.|DEBTORS||||Group||Charity|
|||||2023|2022|2023|2022|
||Trade debtors|||76,512|110,708|76,512|110,708|
||Amount
owed by subsidiary||companies|||108,660|82,425|
||Other debtors|||286,712|167,525|139,600|161,542|
||Prepayments|and accrued income||267,327|248,047|233,145|172,173|
|||||630,551|526,280|557,917|526,848|
##
||||Group||Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|Loan||186,597|185,964|186,597|185,964|
|Trade creditors||189,112|98,510|158,010|77,095|
|Taxation and social security||35,597|38,791|30,541|34,549|
|Other creditors||25,514|49,434|24,935|48,240|
|Accruals and deferred|income|2,528,569|2,464,918|2,354,096|2,367,736|
|Pension contributions|payable|8,695|13,799|7,605|13,799|
|||2,974,084|2,851,416|2,761,784|2,727,383|
##
|Loans (Cheltenham
Borough Council and CBILS)||
|---|---|
||2023|
|Due 1 —2 years|187,256|
|Due 2 —3 years|187,941|
|Due 3 —5 years|194,223|
|Due in more than 5 years|213,101|
||782,521|
|Deferred income||
||782,521|
##
|||Other|Restricted|Restricted|||
|---|---|---|---|---|---|---|
|||Restricted|Capital|Income|Unrestricted||
|||Funds|Fund|Fund|Funds|Total|
|Tangible|flxed assets||535,899||899,438|1,435,337|
|Current|assets|94,894|||4,901,336|4,996,230|
|Current|liabilities||||(2,974,084)|(2,974,084)|
|Long term liabilities|||||(782,521)|(782,521)|
|||94,894|535,899||2,044,169|2,674,962|
##
##
|||||Total|
|---|---|---|---|---|
|||RestrictedUnrestricted||Funds|
|||Funds|Funds|2022|
|INCOME FROM|||||
|Donations
and legacies||.94,166|984,741|1,07.8,907|
|Other trading
activities|||546,672|546,672|
|Investment
income|||16,514|16,514|
|||94,166|1,547,927|1,642,093|
|Income from Charitable|Activities||3,333,578|3,333,578|
|Other income|||69,723|69,723|
|Total||94,166|4,951,228|5,045,394|
|EXPENDITURE ON|||||
|Raising funds|||502,017|502,017|
|Charitable
activities||190,622|4,251,192|4,441,814|
|Total||190,622|4,753,209|4,943,831|
|NET INCOME/(EXPENDITURE)|||||
|BEFORETRANSFERS||(96,456)|198,019|101,563|
|Transfers
between
funds|||||
|NET MOVEMENT OF FUNDS IN YEAR||(96,456)|198,019|101,563|
|RECONCILIATION|OF FUNDS||||
|Balance brought
forward at 1April 2021||769,005|1,938,458|2,707,463|
|Balance carried forward at 31March 2022||672,549|2,136,477|2,809,026|
##
|||||Total|
|---|---|---|---|---|
|||RestrictedUnrestricted||Funds|
|||Funds|Funds|2022|
|INCOME FROM|||||
|Donations
and legacies||94,166|984,741|1,078,907|
|Investment
income|||120,898|120,898|
|||94,166|1,105,639|1,199,805|
|Income from Charitable|Activities||3,333,578|3,333,578|
|Other income|||7,487|7,487|
|Total||94,166|4,446,704|4,540,870|
|EXPENDITURE ON|||||
|Raising funds|||||
|Charitable
activities||190,622|4,248,534|4,439,156|
|Total||190,622|' 4,248,534|4,439,156|
|NET INCOME/(EXPENDITURE)|||||
|BEFORETRANSFERS||(96,456)|198,170|101,714|
|Transfers
between
funds|||||
|NET MOVEMENT OF FUNDS IN YEAR||(96,456)|198,170|101,714|
|RECONCILIATION|OF FUNDS||||
|'Balance brought
forward at 1April 2021||769,005|1,938,307|2,707,312|
|Balance carried forward at 31March 2022||672,549|2,136,477|2,09,026|
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||a)|Analysis ofUnrestricted||Fund|Fund|Movements|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||As at1||||As at 31|
||||||April 2022||Income|Expenditure|Transfers|March
2023|
|||General fund||||606,104|6,427,431|(6,519,739)|(10,000)|503,796|
|||Designated
Funds|||||||||
|||Continuity
ofoperations|and||||||||
|||Exceptional
Circumstances||fund||950,000||||950,000|
|||Major maintenance
fund||||150,000||||150,000|
|||Community
Projects fund||||125,000|||10,000|135,000|
|||Refurbishment
fund||||186,395||||186,395
'|
|||In-house Productions||||118,978||||118,97.8|
|||||||2,136,477|6,427,431|(6,519,739)||2,044,169|
||b)|Analysis ofRestricted Fund|||Movements||||||
|||Capital fund (note 24)||||570,281||(34,382)||535,899|
|||Rent BcInsurance
fund|||||46,250|(46,250)|||
|||Education
BcCommunity||fund||59,180|33,921|(34,190)|(1,901)|57,010|
|||McKellan Bursaries||||42,007||(6,940)|1,901|36,968|
|||National
Star College Projects||||1,081|2,200|(2,365)||916|
|||||||672,549|82,371|(124,127)||630,793|
|22.|COMPARATIVES FORTHE ANALYSIS OF||||||CHARITABLE FUNDS - GROUP||||
||a)|Analysis ofUnrestricted||Fund||Movements|||||
|||||||As at1||||As at 31|
||||||April 2021||Income|Expenditure|Transfers|March
2022|
|||General fund||||460,085|4,951,228|(4,690,209)|(115,000)|606,104|
|||Designated
Funds'|||||||||
|||Continuity
ofoperations|and||||||||
|||Exceptional
Circumstances||fund||950,000||||950,000|
|||Major maintenance
fund||||150,000||||150,000|
|||Community
Projects fund||||110,000|||15,000|125,000|
|||Refurbishment
fund||||186,395||||186,395|
|||In-house Productions||||81,978||(63,000)|100,000|118,978|
|||||||1,938,458|4,951,228|(4,753,209)||2,136,477|
||b)|Analysis ofRestricted Fund|||Movements||||||
|||Capital fund (note 24)||||691,422||(121,141)||570,281|
|||Rent R Insurance
fund|||||46,250|(46,250)|||
|||Education
BcCommunity||fund||29,641|46,616|(17,077)||59,180|
|||McKellan Bursaries||||47,942||(5,935)||42,007|
|||National
Star College Projects|||||1,300|(219)||1,081|
|||||||769,005|94,166|(190,622)||672,549|
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|RESTRICT|ED|CAPITAL FU|ND|||
|---|---|---|---|---|---|
|||||Group &Charity||
|||||2023|2022|
|Balance brought||forward||570,281|691,422|
|Depreciation|charge on revalued||balance, transferred|||
|in year from|Income Fund|||(34,382)|(121,141)|
|Grant receipt||||||
|||||535,899|570,281|
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|25.|CAPITAL COMM|ITMENTS|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Capital commitments||||15,048||
|26.|OTHER FINANCIAL COMMITMENTS||||||
||||||2023|2022|
||A.nnual commitments|under non-cancellable|operating|leases:|||
||—land and buildings|expiring in over five years|||72,750|72,750|
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