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2021-11-30-accounts

MIKRON THEATRE COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS 30 NOVEMBER 2021

CONTENTS
Page
Company information 1
Chairperson’s report 2
Directors’ report 3-4
Independent Examiner’s report 5
Statement of financial activities 6-7
Balance sheet 8
Notes to the financial statements 9-19

Company Registration Number 1055043 Charity Number 265169

1

MIKRON THEATRE COMPANY LIMITED

COMPANY INFORMATION

Status

Mikron Theatre Company Limited is a registered charity (number 265169).

Company registration number 1055043.

The company is limited by guarantee.

Directors (Trustees)

M J Kelly I D McCarthy S J Prickett J P Button K Y Button J A Green S M Lucas L M Whittleworth D Daly C J Locke K L Mahon M-J Russell de Clifford

Secretary and registered office

P M Toon Marsden Mechanics Peel Street Marsden Huddersfield HD7 6BW

Independent Examiner

Wheawill & Sudworth Limited Chartered Accountants 35 Westgate Huddersfield HD1 1PA

Bankers

Lloyds Bank plc 22 Carr Lane Slaithwaite Huddersfield HD7 5AN

2

MIKRON THEATRE COMPANY LIMITED

CHAIRMAN’S REPORT

For the year ended

30 NOVEMBER 2021

My previous report started by noting how strange and perilous 2019/20 had been.

This also rang true for the 2020/21 tour and it was thanks to the entire team that it was such a success, under the hardest of circumstances.

We started this financial year by continuing our work with the community mutual aid group, and then assisting with the transfer of the foodbank assets and responsibilities over to a newly created organisation. Alongside this, we started planning, booking and crossing our fingers through various Covid related restrictions, for the 2021 tour.

We were successful with our Culture Recovery Fund application for £71,500 which secured the future viability of the company and saved us from having to use our reserves as we emerged from the pandemic.

The pandemic forced us into a very strange rehearsal environment - keeping the cast away from everyone else, and running the room without our regular Production Manager, who was off on maternity leave.

Restrictions also meant we had to insist that all of our 7,806 audience members booked in advance for every show via the Mikron office, for contact tracing reasons. Due to social distancing, we had reduced capacity at every venue, performed outside virtually everywhere, and everyone attended on a ‘pay what you feel’ basis.

Despite all this, the tour was a sell out success. I want to thank and say thanks from the Trustees to the office, who made this happen through rigorous hours of admin, safety planning, ticket handling, phone calls and marketing. And another huge thanks to the faultless team of actors, who had to translate a unique floorplan into coned off audience areas, every single night. Troupers!

Our audiences were, as ever, generous, appreciative and grateful to see us out and about. We were one of the few touring companies in the country to get out on the road, in such a successful manner. We only toured to 83 venues (a big ‘only’, however we usually have 130 performances). We were fortunate enough to not lose a show to Covid for the whole tour.

Arts Council England approved our one year National Portfolio Extension in late 2021 - a huge relief. Thanks are due to the ACE team, they have an unenviable task of navigating politics, policy and prudence.

In this year we said thank you and happy retirement to long standing board member John Liley. Our governance succession planning is robust - 2021 saw the board expand with 4 new trustees, all of who bring something totally new to Mikron. And this is my opportunity to say a huge thanks to all of the board, Mikron wouldn't be here without you all.

The continued support and love for this unique company is palpable. 2022 marks our 50th year of touring - and we have made it, with everyone’s help.

Thank you to everyone who has played their part - and to borrow a phrase from cricket-loving Pete: half a century and not out!

MARK KELLY Chair 24 February 2022

3

MIKRON THEATRE COMPANY LIMITED

DIRECTORS’ REPORT

For the year ended

30 NOVEMBER 2021

The directors present their report and unaudited financial statements of the charitable company for the year ended 30 November 2021. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the report and financial statements of the charitable company.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charitable company’s governing document, 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 published in October 2019.

Objectives and activities

The charitable company’s principal activity during the year was that of providing theatrical and educational entertainment to the public at large in furthering the company’s charitable purposes for the public benefit.

Achievements and performance

The achievements and performance are covered in the Chairman’s Report on page 2 and the review of the financial year below.

Review of the financial year

The attached financial statements show the results for the year with an excess of income over expenditure of £74,127 (2020: £52,312 excess of income over expenditure).

Reserves policy

The Trustees have reviewed the reserves of the company, being general unrestricted funds of £128,511 (2020: £119,766), unrestricted designated funds of £163,242 (2020: £94,972) and restricted funds of £4,965 (2020: £7,853), totalling £296,718 (2020: £222,591). In recognition of the relative uncertainty of incoming resources for the provision of the company’s activities, and in the light of lessons learnt through the pandemic, the Trustees have reviewed their reserves policy. The company is at its most vulnerable in the first six months of the financial year when costs of initiating the annual tour exceed income, which is traditionally earned during the second half of the year as the shows roll out. Whilst efforts are always directed at trying to mitigate this, it was felt prudent to adjust the reserves policy and to aim to be holding 6 months of expenditure at the end of each financial year and to monitor this target throughout the year using the monthly cash flow forecasts. Actual general unrestricted funds at 30 November 2021 equated to, based on expenditure in 2021, just over 6 months unrestricted expenditure.

Structure, governance and management

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 18 May 1972 and registered as a charity on 23 February 1973. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

4

MIKRON THEATRE COMPANY LIMITED

DIRECTORS’ REPORT (continued)

for the year ended

30 NOVEMBER 2021

Structure, governance and management (continued)

Recruitment and appointment of trustees

The Trustees are also directors of the company for the purposes of company law and under the company’s Articles. Under the requirements of the revised Memorandum and Articles of Association the number of Trustees shall not be less than four nor more than twelve.

The Trustees may from time to time and at any time appoint any member of the Association as a Trustee, either to fill a casual vacancy or by way of addition to the Trustee body, provided that the prescribed maximum be not thereby exceeded. Any member so appointed shall retain his/her office only until the next Annual General meeting, but he/she shall then be eligible for re-election.

Directors (Trustees)

The directors of the charitable company are the Trustees for the purposes of charity law. The Trustees who have served during the year and since the year end were as follows:

M J Kelly I D McCarthy S J Prickett J P Button K Y Button J A Green S M Lucas L M Whittleworth D Daly (appointed on 21 September 2021) C J Locke (appointed on 21 September 2021) K L Mahon (appointed on 12 October 2021) M-J Russell de Clifford (appointed on 12 October 2021) J N Liley (retired on 21 September 2021)

Reference and administrative details

Day to day management of the charitable company is delegated to P M Toon and M McNamara. Other details are included on page 1 company information.

Exemption from disclosures

The charitable company has taken advantage of the exemptions within the SORP relating to smaller charities.

Approved by the board of directors on 24 February 2022 and signed by order of the board:

P TOON Secretary

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF MIKRON THEATRE COMPANY LIMITED

I report to the charity trustees on my examination of the accounts of the company for the year ended 30 November 2021 which are set out on pages 6 to 19.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

H V Solomons FCA Wheawill & Sudworth Limited 35 Westgate Huddersfield HD1 1PA 24 February 2022

6

MIKRON THEATRE COMPANY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (including summary income and expenditure account)

for the year ended

30 NOVEMBER 2021

Unrestricted
Unrestricted Designated Restricted Total Funds
Funds Funds Funds 2021 2020
Notes £ £ £ £ £
Income from:
2 Donations and legacies 180,604 - - 180,604 148,023
3 Charitable activities 33,990 - 121,079 155,069 67,766
4 Other trading activities 7,162 - - 7,162 4,200
5 Investments 10 - - 10 746
───── ───── ───── ───── ─────
Total income 221,766 - 121,079 342,845 220,735
───── ───── ───── ───── ─────
Expenditure on:
6 Charitable activities 136,456 8,295 123,967 268,718 168,423
───── ───── ───── ───── ─────
Total expenditure 136,456 8,295 123,967 268,718 168,423
───── ───── ───── ───── ─────
7 Net income/(expenditure) 85,310 (8,295) (2,888) 74,127 52,312
Transfers between funds (76,565) 76,565 - - -
───── ───── ───── ───── ─────
Net movement in funds 8,745 68,270 (2,888) 74,127 52,312
Reconciliation of funds
Total funds brought forward 119,766 94,972 7,853 222,591 170,279
───── ───── ───── ───── ─────
Total funds carried forward 128,511 163,242 4,965 296,718 222,591
═════ ═════ ═════ ═════ ═════

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

The notes on pages 9 to 19 form part of these financial statements.

7

MIKRON THEATRE COMPANY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (including summary income and expenditure account)

For the year ended

30 NOVEMBER 2020

Unrestricted
Unrestricted Designated Restricted Total Funds
Funds Funds Funds 2020 2019
Notes £ £ £ £ £
Income from:
2 Donations and legacies 146,962 - 1,061 148,023 142,504
3 Charitable activities 66,548 - 1,218 67,766 142,881
4 Other trading activities 4,200 - - 4,200 -
5 Investments 746 - - 746 795
───── ───── ───── ───── ─────
Total income 218,456 - 2,279 220,735 286,180
───── ───── ───── ───── ─────
Expenditure on:
6 Charitable activities 155,416 8,295 4,712 168,423 274,550
───── ───── ───── ───── ─────
Total expenditure 155,416 8,295 4,712 168,423 274,550
───── ───── ───── ───── ─────
7 Net income/(expenditure) 63,040 (8,295) (2,433) 52,312 11,630
Transfers between funds (25,000) 25,000 - - -
───── ───── ───── ───── ─────
Net movement in funds 38,040 16,705 (2,433) 52,312 11,630
Reconciliation of funds
Total funds brought forward 81,726 78,267 10,286 170,279 158,649
───── ───── ───── ───── ─────
Total funds carried forward 119,766 94,972 7,853 222,591 170,279
═════ ═════ ═════ ═════ ═════

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 9 to 19 form part of these financial statements.

8

MIKRON THEATRE COMPANY LIMITED

BALANCE SHEET

30 NOVEMBER 2021

2021 2020
Notes £ £
Fixed assets
12 Tangible assets 8,459 17,399
───── ─────
Current assets
Stocks held for resale 3,000 5,000
Debtors: prepayments and accrued income 42,772 33,153
Cash at bank and in hand 250,240 173,103
───── ─────
296,012 211,256
13 Creditors:amounts falling due within one year (7,753) (6,064)
───── ─────
Net current assets 288,259 205,192
───── ─────
Total assets less current liabilities 296,718 222,591
═════ ═════
Funds
14 Designated funds – unrestricted 163,242 94,972
15 General funds – unrestricted 128,511 119,766
16 Restricted funds 4,965 7,853
───── ─────
296,718 222,591
═════ ═════

For the year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

24 February 2022 and are signed on its behalf by

M J KELLY Director

Company Registration Number: 1055043

The notes on pages 9 to 19 form part of these financial statements.

9

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

30 NOVEMBER 2021

The charitable company constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis under the historical cost convention and are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.

Restricted funds are funds which are to be used in accordance with restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim and use of restricted funds is set out in the notes to the financial statements.

However, any income received during a financial period intended by the payer for use in funding expenditure of some future financial period is carried forward as deferred income until the period of intended use is reached.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS102).

The following specific policies are applied to particular categories of income:

10

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount of the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

Voluntary income is received by way of grants, donations and sponsorships and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Investment income is included when receivable.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs, included within support costs in note 5, include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

The charity makes contributions towards the Equity Pension Scheme, a Personal Pension Plan, for actors opted into the scheme and to other Personal Pension Plans for salaried employees. Contributions are expensed as they become payable.

Tangible fixed assets are included at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following rates in order to write off the assets over their estimated useful lives. In the year of acquisition tangible fixed assets are depreciated from 1 December.

Boat - 20% per annum straight line Van - 25% per annum straight line Staging, lighting and sound equipment - 25% per annum straight line Computer and office equipment - 25% per annum straight line

11

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

1 Accounting policies (continued)
Income from donations and legacies 2021 2020
£ £
Show collections 88,469 -
General donations 33,862 103,323
Legacy 1,065 -
Individual supporters and sponsorship 41,841 25,447
Tax received on Gift Aid payments 15,367 19,253
────── ──────
180,604 148,023
══════ ══════

Income from donations and legacies was £180,604 (2020: £148,023) of which £180,604 (2020: £146,962) was attributable to general unrestricted funds and £Nil (2020: £1,061) was attributable to restricted funds.

Income from charitable activities 2021 2020
£ £
Fees and receipts 22,920 4,230
Grant income:
Arts Council England 48,680 48,680
Arts Council England – Culture Recovery Fund 71,500 -
The Cuckoo’s Nest Community Shop 899 1,218
Kirklees Council - 3,501
Theatre tax relief 11,070 10,137
────── ──────
155,069 67,766
══════ ══════

Income from charitable activities was £155,069 (2020: £67,766). £121,079 (2020: £1,218) was attributable to restricted funds and £33,990 (2020: £66,548) was attributable to general unrestricted funds.

12

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

3 Income from charitable activities (continued)

Grant income of £48,680 received during the year ended 30 November 2020 from The Arts Council was intended as a contribution towards the cost of Mikron’s Touring Activity for 2020. As a consequence of the Covid-19 pandemic, Mikron’s Touring Activity for 2020 was cancelled. The Arts Council subsequently waived all grant conditions.

Income from other trading activities 2021 2020
£ £
Project management income 7,162 4,200
══════ ══════

Income from other trading activities was £7,162 (2020: £4,200) and this was all attributable to general unrestricted funds.

5 Income from investments 2021 2020
£ £
Bank interest receivable 10 746
══════ ══════

Income from investments was £10 (2020: £746) all of which was attributable to general unrestricted funds in both periods.

6 Expenditure on charitable activities Charitable Governance 2021 2020
Basis Activities Costs Total Total
Costs directly allocated £ £ £ £
to activities
Actors’, writers’ and directors’ fees Direct 116,747 - 116,747 50,043
and salaries
General production expenses Direct 9,618 - 9,618 1,377
Boat expenses Direct 7,152 - 7,152 7,073
Van and travel expenses Direct 12,689 - 12,689 3,841
Publicity and advertising Direct 20,192 - 20,192 11,825
Access Direct 4,697 - 4,697 -
Support costs allocated
to activities
Administration fees, salaries and Time 62,900 - 62,900 58,820
expenses
Rent and service charges Floor 3,639 - 3,639 3,261
Printing and stationery Usage 3,942 - 3,942 3,682
Postage and telephone Usage 5,777 - 5,777 6,363
Computer expenses Usage 428 - 428 2,192
Insurance Floor 1,085 - 1,085 1,051
Accountancy charges Usage - 3,210 3,210 3,940
Professional fees Usage - 543 543 1,750
Depreciation Usage 12,292 - 12,292 11,241
Loss on disposal of fixed assets Usage 1,152 - 1,152 -
Bank charges Transactions 2,324 - 2,324 1,185
Incidental expenses Usage 331 - 331 779
───── ───── ───── ─────
264,965 3,753 268,718 168,423
═════ ═════ ═════ ═════

13

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

6 Expenditure on charitable activities (continued) Charitable Governance 2020 2019
Basis Activities Costs Total Total
Costs directly allocated £ £ £ £
to activities
Actors’, writers’ and directors’ fees Direct 50,043 - 50,043 124,547
and salaries
General production expenses Direct 1,377 - 1,377 8,316
Boat expenses Direct 7,073 - 7,073 8,147
Van and travel expenses Direct 3,841 - 3,841 14,348
Publicity and advertising Direct 11,825 - 11,825 21,670
Support costs allocated
to activities
Administration fees, salaries and Time 58,820 - 58,820 63,187
expenses
Rent and service charges Floor 3,261 - 3,261 4,058
Printing and stationery Usage 3,682 - 3,682 5,181
Postage and telephone Usage 6,363 - 6,363 6,277
Computer expenses Usage 2,192 - 2,192 480
Insurance Floor 1,051 - 1,051 1,026
Accountancy charges Usage - 3,940 3,940 3,432
Professional fees Usage - 1,750 1,750 1,936
Depreciation Usage 11,241 - 11,241 11,298
Bank charges Transactions 1,185 - 1,185 477
Incidental expenses Usage 779 - 779 170
───── ───── ───── ─────
162,733 5,690 168,423 274,550
═════ ═════ ═════ ═════

£123,967 (2020: £4,712) of the above costs were attributable to restricted funds.

£136,456 (2020: £155,416) of the above costs were attributable to general unrestricted funds.

£8,295 (2020: £8,295) of the above costs were attributable to unrestricted designated funds.

14

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

7 Net income/(expenditure) for the year 2021 2020
£ £
This is stated after charging:
Depreciation of tangible fixed assets 12,292 11,241
Independent examiner’s remuneration 3,210 3,940
════ ════

8 Trustees’ and key management personnel remuneration and expenses

The directors of the company who also act as Trustees neither received nor waived any remuneration in the year (2020: £Nil).

The trustees did not have any expenses reimbursed during the year (2020: £Nil).

The total employee benefits, including fees, paid to key management personnel amounted to £62,270 (2020: £61,393).

9 Staff costs

The average number of persons employed by the charity during the year amounted to 3 (2020: 3).

The aggregate payroll costs incurred during the year, relating to the above, were:

2021 2020
£ £
Wages and salaries 80,311 79,453
Social security costs 4,615 3,691
Other pension costs 2,667 2,458
────── ──────
87,593 85,602
══════ ══════

There are no employees who received total employee benefits (excluding employer pension costs) of more than £60,000.

10 Pensions

The charity is participating in the Equity Pension Scheme. The Scheme is a separate legal entity which is administered by First Act with the funds managed by Aviva and is a Personal Pension Plan. Personal pension plan contributions are also paid to True Potential for the salaried employees.

Pension contributions paid in the year represent the employer contributions payable for actors opted into the pension scheme and employees. The total contributions paid in the year amounted to £6,187 (2020: £2,458); the amount owing at the year end was £313 (2020: £535).

15

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

11 Taxation

As a charity, Mikron Theatre Company Limited is exempt from tax on income falling within section 505 of the Taxes Act 1988. No tax charges have arisen in the Charity.

12 Tangible fixed assets Staging, lighting Computer
Narrowboat and sound and office
and van equipment equipment Total
£ £ £ £
Cost
At 1 December 2020 53,481 13,789 16,829 84,099
Additions - 4,504 - 4,504
Disposals - (1,152) - (1,152)
───── ───── ───── ─────
At 30 November 2021 53,481 17,141 16,829 87,451
───── ───── ───── ─────
Depreciation
At 1 December 2020 38,184 12,498 16,018 66,700
Charge in the year 10,529 1,265 498 12,292
Disposals - - - -
───── ───── ───── ─────
At 30 November 2021 48,713 13,763 16,516 78,992
───── ───── ───── ─────
Net book value at
30 November 2021 4,768 3,378 313 8,459
30 November 2020 15,297 1,291 811 17,399
═════ ═════ ═════ ═════
2021 2020
13 Creditors: amounts falling due within one year £ £
Accruals 3,883 4,145
Social security and other taxes 3,870 1,919
───── ─────
7,753 6,064
═════ ═════

16

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

14 Designated funds - unrestricted

The James
Designated Sykes
boat and Memorial
van fund Fund Total
£ £ £
At 1 December 2020 94,972 - 94,972
Transfer from unrestricted general funds 15,000 61,565 76,565
Depreciation (8,295) - (8,295)
────── ────── ──────
At 30 November 2021 101,677 61,565 163,242
══════ ══════ ══════
£ £ £
At 1 December 2019 78,267 - 78,267
Transfer from unrestricted general funds 25,000 - 25,000
Depreciation (8,295) - (8,295)
────── ────── ──────
At 30 November 2020 94,972 - 94,972
══════ ══════ ══════

The designated fund was established in order to fund the future purchase and/or improvement of our boat and van; the van was replaced in 2017.

The trustees have agreed to create new designated unrestricted fund to be called The James Sykes Memorial Fund. This fund is for all future legacies, in-memory giving and funds that the trustees see fit, to help us build future resilience.

2021 2020
15 General funds – unrestricted £ £
At 1 December 2020 119,766 81,726
Surplus for the year 85,310 63,040
Transfer to unrestricted designated funds (76,565) (25,000)
───── ─────
At 30 November 2021 128,511 119,766
═════ ═════

The general funds are available for use at the discretion of the charity in furtherance of the general objectives.

17

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

16 Restricted funds
The
Tyseley Cuckoo’s Arts
Fund Nest Council Total
£ £ £ £
At 1 December 2020 2,715 2,454 2,684 7,853
Income:
Amounts received in the year - 899 120,180 121,079
Resources expended:
Actors’, writers and directors’
Fees and salaries - - (53,251) (53,251)
General production expenses - - (1,947) (1,947)
Boat expenses - - (3,262) (3,262)
Van and travel expenses - - (5,530) (5,530)
Publicity and advertising - - (6,639) (6,639)
Administration fees, salaries and expenses - - (40,891) (40,891)
Rent - (718) (3,536) (4,254)
Telephone and IT - - (787) (787)
Insurance - - (996) (996)
Access - - (3,217) (3,217)
Depreciation (1,123) (835) (1,111) (3,069)
Incidental expenses - - (124) (124)
────── ───── ───── ─────
At 30 November 2021 1,592 1,800 1,573 4,965
══════ ═════ ═════ ═════
At 1 December 2019 3,839 2,653 3,794 10,286
Income:
Amounts received in the year 1,061 1,218 - 2,279
Resources expended:
General production expenses - (400) - (400)
Boat expenses (1,061) - - (1,061)
Van and travel expenses - (500) - (500)
Depreciation (1,124) (517) (1,110) (2,751)
────── ───── ───── ─────
At 30 November 2020 2,715 2,454 2,684 7,853
══════ ═════ ═════ ═════

18

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

Restricted funding carried forward at 30 November 2021 represents monies received towards the acquisition of tangible fixed assets which will be allocated against the depreciation charged on those assets in future periods.

19

MIKRON THEATRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

30 NOVEMBER 2021

16 Restricted funds (continued)

17 Analysis of net assets between funds

nalysis of net assets between funds
2021
Unrestricted Restricted
funds Funds Total funds
£ £ £
Tangible fixed assets 3,894 4,565 8,459
Current assets 295,612 400 296,012
Current liabilities (7,753) - (7,753)
────── ────── ──────
291,753 4,965 296,718
══════ ══════ ══════
2020
Unrestricted Restricted
funds Funds Total funds
£ £ £
Tangible fixed assets 9,546 7,853 17,399
Current assets 211,256 - 211,256
Current liabilities (6,064) - (6,064)
────── ────── ──────
214,738 7,853 222,591
══════ ══════ ══════

18 Constitution

The company is limited by guarantee and registered as a charity, number 265169. The liability of each member is limited to £1.

19 Capital commitments

At 30 November 2021, the company had capital commitments contracted for but not provided for in these financial statements of £30,645 (2020: £Nil).

20 Related party transactions

During the year the charity has received donations and sponsorship income from the directors in the amount of £655 (2020: £4,974).

21 Control of the company

In the opinion of the directors, no one party controls the company.