Company Registration Number - 571072
The Charity Registration Number is :- 274408
Archway Theatre Company Limited
Report and Accounts
31 December 2022
Archway Theatre Company Limited
Report and accounts for the year ended 31 December 2022
Contents
| Page | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 1 | |
| Statement of directors' responsibilities | 3 | |
| Independent Accountant's Report | 4 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 6 | |
| Statement of Financial Activities - Prior Year statement | 7 | |
| Statement of total recognised gains and losses | 7 | |
| Movements in funds | 8 | |
| Revenue Funds | 8 | |
| Income and Expenditure account | 9 | |
| Summary of funds | 9 | |
| Balance sheet | 10 | |
| Notes to the accounts | 11 |
Archway Theatre Company Limited
Company Registration Number - 571072
Trustees' Annual Report for the year ended 31 December 2022
The Trustees present their annual report and accounts for the year ended 31st December 2022.
Reference and administrative details
The charity name.
The legal name of the charity is:- Archway Theatre Company Limited.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 274408.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
The principal operating address of the charity is:-
The Drive Horley, Surrey RH6 7NQ
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
The Trustees in office on the date the report was approved and during the year ended 31st December 2022 were:-
Miss E A Bass
Ms D Brown (resigned 29th June 2022) Mrs D P Cornell G Dartnell G Duda A Dunford G Field A Gibson R Gregory N A Hankin (appointed 29th June 2022) Ms K R Horder Ms M G Humphrey H Miller Miss J H Ord Miss L Ray E Redfern P Taylor (resigned 28th January 2022) P Tester A Withey (appointed 29th June 2022) Ms C Withey (appointed 29th June 2022) Ms E A White (appointed 29th June 2022)
All the directors/trustees are also members of the charity.
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Archway Theatre Company Limited
Company Registration Number - 571072
Trustees' Annual Report for the year ended 31 December 2022
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
The purpose of the charity is to promote and encourage arts through education and promotion of plays.
The main activities undertaken in relation to those purposes during the year.
After the difficulties of the previous two years due to the Covid pandemic a semblance of normailty returned to the theatre with 11 productions in the year.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
The charity, in promoting and encouraging arts through education and promotion of plays, gives the general public opportunity to appreciate the element of the arts in the local area.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The contribution of volunteers during the year.
The contribution of volunteers to the successful running of the theatre cannot be overstated. The Company does not have any employees and it is only thanks to volunteers that the many tasks necessary make all the productions the success that they are.
The main achievements and performance of the charity during the year.
We are delighted that we are now fully open and welcoming back our patrons to see our plays. We have been very fortunate to have had several sell-out productions over the past year and our talent is going from strength to strength. We are extremely grateful for our Council of Management, who are comin new initiatives to make the Archway known on a wider level, and for all their hard work.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
The Directors and Trustees are appointed by the members at the Annual General Meeting. Directors and Trustees have the power under the governing document to co-opt individuals, who support the objects of the organisation, to fill vacancies on the Council of Management.
Bankers - Barclays plc, 10-12 The Martlets, Crawley, West sussex, RH10 1ES
Solicitors - Ormerods, 45 Friends Road, Croydon, CR0 1ED
Accountants - Clayton & Co, 76 Ravenoak Road, Cheadle Hulme, Cheadle, SK8 7EG
Financial review
The charity's financial position at the end of the year ended 31 December 2022
The financial position of the charity at 31 December 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarise as follows:-
Net loss £16,513 (2021 loss £1,976)
Unrestricted Revenue Funds available for the general purposes of the charity are £225,171
Restricted revenue funds £13,964
Total Funds £239,155
Financial review of the position at the reporting date, 31 December 2022 .
The Trustees consider the financial performance by the charity during the year to have been satisfactory. Financially the theatre is in a good position thanks to a combination of generous local authority Covid grant support in 2021. The Government Bounce Back Loan has been repaid in 2022. Specific changes to fixed assets are detailed in the notes to the accounts.
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Archway Theatre Company Limited
Company Registration Number - 571072
Trustees' Annual Report for the year ended 31 December 2022
Details of The Independent Examiner
Anthony Brown
Member of Chartered Accountant
76 Ravenoak Road
Cheadle Hulme Cheadle
Cheshire SK8 7EG
Statement of Directors' and Trustees' Responsibilities.
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the finacial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:-
-
select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
The financial statements are set out on pages 6 to 19.
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 19 June 2023
E Redfern Director and Trustee
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Archway Theatre Company Limited
Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 December 2022
I report to the Trustees on my examination of the financial statements of the charitable company on pages 6 to 19 for the year ended 31 December 2022 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 11.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As described on page 3, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner's Statement and scope of work undertaken
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
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Archway Theatre Company Limited
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
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 financial statements to be reached.
Signed:-
Anthony Brown - Independent Examiner
Chartered Accountant
76 Ravenoak Road Cheadle Hulme Cheadle Cheshire SK8 7EG
This report was signed on 19 June 2023
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Archway Theatre Company Limited - Statement of Financial Activities for the year ended 31 December 2022
Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2022, as required by the Companies Act 2006)
| Current year Unrestricted Funds 2022 £ Income & Endowments from: Donations & Legacies A1 18,061 Charitable activities A2 95,878 Other trading activities A3 12,000 Investments A4 138 Total income A 126,077 Expenditure on: Raising funds B1 - Charitable activities B2 140,667 Total expenditure B 140,667 Net deficit for the year (14,590) Net deficit after transfers A-B-C (14,590) (14,590) Reconciliation of funds:- E Total funds brought forward 239,761 Total funds carried forward 225,171 Net movement in funds SORP Ref |
Current year Restricted Funds 2022 £ - - - - - - 1,923 1,923 (1,923) (1,923) (1,923) 15,887 13,964 |
Current year Total Funds 2022 £ 18,061 95,878 12,000 138 126,077 - 142,590 142,590 (16,513) (16,513) (16,513) 255,648 239,135 |
Prior Year Total Funds 2021 £ 53,399 54,992 6,000 21 114,412 - 116,388 116,388 (1,976) (1,976) (1,976) 257,624 255,648 |
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
The notes attached on pages 11 to 19 form an integral part of these accounts.
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Archway Theatre Company Limited - Statement of Financial Activities for the year ended 31 December 2022
Archway Theatre Company Limited - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Other trading activities A3 Investments A4 Other A5 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Other B3 Tax on surplus on ordinary activit B3 Other taxation B3 Total expenditure B B4 Net income for the year Transfers between funds C Net income after transfers Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net gains on investments Net movement in funds |
Prior Year Unrestricted Funds 2021 £ 53,399 54,992 6,000 21 - 114,412 114,465 - - - 114,465 - (53) - (53) (53) 239,814 239,761 |
Prior Year Restricted Funds 2021 £ - - - - - - - - 1,923 - - - - 1,923 - (1,923) - (1,923) (1,923) 17,810 15,887 |
Prior Year Total Funds 2021 £ 53,399 54,992 6,000 21 - 114,412 - 116,388 - - - 116,388 - (1,976) - (1,976) (1,976) 257,624 255,648 |
|---|---|---|---|
All activities derive from continuing operations
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'
The notes attached on pages 11 to 19 form an integral part of these accounts.
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Archway Theatre Company Limited - Statement of Financial Activities for the year ended 31 December 2022
Archway Theatre Company Limited - Resources applied in the year ended 31 December 2022 towards fixed assets for Charity use:-
| Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Other applications of funds Net resources available to fund charitable activities |
2022 £ (16,513) - - (16,513) |
2021 £ (1,976) (6,640) - (8,616) |
|---|---|---|
The notes attached on pages 11 to 19 form an integral part of these accounts.
Movements in revenue and capital funds for the year ended 31 December 2022
Revenue accumulated funds
| Unrestricted Funds 2022 £ Accumulated funds brought forward 239,761 (14,590) 225,171 Closing revenue funds 225,171 Summary of funds Unrestricted and Designated funds 2022 £ Revenue accumulated funds 225,171 Recognised gains and losses before transfers |
Restricted Funds 2022 £ 15,887 (1,923) 13,964 13,964 Restricted Funds 2022 £ 13,964 |
Total Funds 2022 £ 255,648 (16,513) 239,135 256,399 Total Funds 2022 £ 239,135 |
Last year Total Funds 2021 £ 257,624 (1,976) 255,648 255,648 Last Year Total Funds 2021 £ 255,648 |
|---|---|---|---|
The notes attached on pages 11 to 19 form an integral part of these accounts.
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Archway Theatre Company Limited - Statement of Financial Activities for the year ended 31 December 2022
Archway Theatre Company Limited
Income and Expenditure Account for the year ended 31 December 2022 as required by the Companies Act 2006
| Income Income from operations Refunds from HMRC on gift aided donations Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Fundraising costs Interest payable Total expenditure in the year Tax on surplus on ordinary activities Retained deficit for the financial year Net deficit after tax in the financial year Net deficit before tax in the financial year Investment income and interest |
2022 £ 125,525 414 138 126,077 126,077 122,028 18,491 - 2,071 142,590 (16,513) - (16,513) (16,513) |
2021 £ 112,791 1,600 21 114,412 114,412 97,264 18,816 - 308 116,388 (1,976) - (1,976) (1,976) |
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 11 to 19 form an integral part of these accounts.
9
Archway Theatre Company Limited - Balance Sheet as at 31 December 2022
| Note SORP Ref Fixed assets A Tangible assets 7 A2 Current assets B Debtors 8 B2 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 9 C1 Net current assets The total net assets of the charity |
2022 £ 94,746 28,456 149,640 178,096 (33,707) 144,389 239,135 |
2021 £ 113,237 37,261 179,118 216,379 (73,968) 142,411 255,648 |
|---|---|---|
The total net assets of the charity are funded by the funds of the charity, as follows:-
| Restricted funds Restricted Revenue Funds 12 D2 Unrestricted Funds Unrestricted Revenue Funds 12 D3 Total charity funds |
13,964 225,171 |
13,964 225,171 239,135 |
15,887 239,761 |
15,887 239,761 255,648 |
|---|---|---|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 5.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
E Redfern
Trustee Approved by the board of trustees on 19 June 2023
The notes attached on pages 11 to 19 form an integral part of these accounts.
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Archway Theatre Company Limited
Notes to the Accounts for the year ended 31 December 2022
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
The Trustees have obtained forecasts and, after reviewing the financial forecasts for the next 12 months they are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements.
Risks and future assumptions
The charity is a public benefit entity.
Policies relating to categories of income and income recognition.
Accounting for deferred income and income received in advance
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
Membership subscriptions
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.
The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.
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Archway Theatre Company Limited
Notes to the Accounts for the year ended 31 December 2022
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Policies relating to assets, liabilities and provisions and other matters.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
| Leasehold premises | 5 % straight line |
|---|---|
| Fixtures and fittings | 10 % straight line |
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Net surplus before tax in the financial year
| The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets 5 Interest payable Loan interest |
2022 2021 £ £ 18,491 18,816 2022 2021 £ £ 2,071 308 |
|---|---|
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Archway Theatre Company Limited
Notes to the Accounts for the year ended 31 December 2022
6 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
| 7 Tangible fixed assets Current Year Cost At 1 January 2022 Additions At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 8 Debtors Prepayments and accrued income Other debtors 9 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals Deferred Income - Unrestricted & designated funds 10 Income and Expenditure account summary At 1 January 2022 Deficit after tax for the year At 31 December 2022 |
Leasehold Land and Buildings £ 400,771 - 400,771 315,718 13,799 329,517 71,254 85,053 |
Fixtures & Fittings £ 137,622 - 137,622 109,438 4,692 114,130 23,492 28,184 |
Total £ 538,393 - 538,393 425,156 18,491 443,647 94,746 113,237 2022 2021 £ £ 17,071 9,430 11,385 27,831 28,456 37,261 2022 2021 £ £ - 27,504 28,440 39,819 5,267 6,645 33,707 73,968 2022 2021 £ £ 255,648 257,624 (16,513) (1,976) 239,135 255,648 |
|---|---|---|---|
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Archway Theatre Company Limited
Notes to the Accounts for the year ended 31 December 2022
11 Particulars of how particular funds are represented by assets and liabilities
| At 31 December 2022 Tangible Fixed Assets Current Assets Current Liabilities At 1 January 2022 Tangible Fixed Assets Current Assets Current Liabilities |
Unrestricted funds £ 94,746 164,132 (33,707) 225,171 Unrestricted funds £ 113,237 200,492 (73,968) 239,761 |
Designated funds £ - - - Designated funds £ - - - - |
Restricted Total funds Funds £ £ - 94,746 13,964 178,096 - (33,707) 13,964 239,135 Restricted Total funds Funds £ £ - 113,237 15,887 216,379 - (73,968) 15,887 255,648 |
|---|---|---|---|
12 Change in total funds over the year as shown in Note 11 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Restricted funds:- Revenue fund Total restricted funds Total charity funds |
Funds brought forward from 2021 £ 239,761 239,761 15,887 15,887 255,648 |
Movement in funds in 2022 See Note 13 £ (14,590) (14,590) (1,923) (1,923) (16,513) |
Funds carried forward to 2023 See Note 0 £ £ - 225,171 - 225,171 - 13,964 - 13,964 - 239,135 Transfers between funds in 2022 |
|---|---|---|---|
13 Analysis of movements in funds over the year as shown in Note 12
| Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Restricted Revenue Fund |
Income 2022 £ 126,077 - 126,077 |
Expenditure 2022 £ (140,667) (1,923) (142,590) |
Other Gains & Movement Losses in funds 2022 2022 £ £ - (14,590) (1,923) - (16,513) |
|---|---|---|---|
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Archway Theatre Company Limited
Notes to the Accounts for the year ended 31 December 2022
14 The purposes for which the funds
Unrestricted and designated funds:-
These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities and, subject to charity legislation, are free from all restrictions on their use.
Restricted funds:-
Restricted Fixed Asset Funds The purpose of these funds is described under the accounting policy 'Fund Accounting'.
15 Ultimate controlling party
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
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Archway Theatre Company Limited
Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
| 16 Donations, Grants and Legacies Donations and gifts from individuals Sponsorship Total Donations, Grants and Legacies Membership subscriptions as donations Refunds from HMRC on gift aided donations Small donations individually less than £1000 Total donations and gifts from individuals Reigate & Banstead Borough Council Revenue grants from government and public bodies Total sponsorship income Small sponsorship gifts individually less than £1000 Total public sector revenue grants |
Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 2,619 - 2,619 414 - 414 3,033 - 3,033 Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 8,001 - 8,001 8,001 - 8,001 Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 1,398 - 1,398 1,398 - 1,398 Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 5,629 - 5,629 18,061 - 18,061 |
Prior Year Total Funds 2021 £ 6,050 1,600 7,650 Prior Year Total Funds 2021 £ 39,000 39,000 Prior Year Total Funds 2021 £ 1,367 1,367 Prior Year Total Funds 2021 £ 5,382 53,399 |
|---|---|---|
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Archway Theatre Company Limited
Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015
Income from charitable activities - Trading Activities
| Current year Primary purpose and ancillary trading Current year Total income from charitable trading Total from charitable activities Income from other, non charitable, trading activities Total from other activities Investment income Bank Interest Receivable Total investment income Income from fundraising events Total Income from charitable activities Charge to Archway Club Ticket Sales Letting of property for charitable purposes Advertising Youth workshop Total Primary purpose and ancillary trading |
Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 92,978 - 92,978 1,150 - 1,150 1,470 - 1,470 280 - 280 95,878 - 95,878 Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 95,878 - 95,878 95,878 - 95,878 Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 12,000 - 12,000 - - - 12,000 - 12,000 |
Prior Year Total funds 2021 £ 54,482 260 - 250 54,992 Prior Year Total Funds 2021 £ 54,992 54,992 Prior Year Total Funds 2021 £ 6,000 - 6,000 Prior Year Total Funds 2021 £ 21 21 |
|---|---|---|
| Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 138 - 138 138 - 138 |
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Archway Theatre Company Limited
Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015
Expenditure on charitable activities - Charitable trading
| Current year | Current year | Current year | Prior Year | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Current Year | Funds | Funds | ||
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Production costs | 18,254 | - | 18,254 | 7,177 |
| Reallocated from support costs | 121,413 | 1,923 | 123,336 | 108,211 |
| Total charitable trading costs | 139,667 | 1,923 | 141,590 | 115,388 |
| Support costs for charitable activities | ||||
| Current Year | Current year Unrestricted Funds |
Current year Restricted Funds |
Current year Total Funds |
Prior Year Total Funds |
| Volunteer costs | 2022 £ |
2022 £ |
2022 £ |
2021 £ |
| Training and welfare - volunteers | 40 | - | 40 | 105 |
| Premises Expenses | ||||
| Rent and rates | 47,554 | - | 47,554 | 58,640 |
| Light heat and water | 30,765 | - | 30,765 | 7,173 |
| Caretaking and cleaning | 5,659 | - | 5,659 | 2,941 |
| Premises repairs, renewals and maintenance |
3,878 | - | 3,878 | 5,385 |
| Property insurance | 2,125 | - | 2,125 | 4,142 |
| Administrative overheads | ||||
| Telephone and internet | 1,432 | - | 1,432 | 1,528 |
| Newsletters, stationery and postage | 889 | - | 889 | 1,525 |
| LTG | 344 | - | 344 | 105 |
| Software licences and expenses |
200 | - | 200 | 120 |
| Advertising and marketing | 373 | - | 373 | 120 |
| Liabilty and contents insurance | 4,206 | - | 4,206 | 4,238 |
| Sundry expenses | 130 | - | 130 | 73 |
| Internet booking fees | 4,896 | - | 4,896 | 2,806 |
| Professional fees paid to the Auditor or Independent Examiner in addition to | audit and examination fees | |||
| Examination fees | 1,000 | - | 1,000 | 1,000 |
| Financial costs | ||||
| Bank and card charges | 283 | - | 283 | 186 |
| Loan interest | 2,071 | - | 2,071 | 308 |
| Depreciation & Amortisation in total for the | 16,568 | 1,923 | 18,491 | 18,816 |
| Support costs before reallocation | 122,413 | 1,923 | 124,336 | 109,211 |
| Less support costs reallocated to specific activities | ||||
| To charitable trading costs | (121,413) | (1,923) | (123,336) | (108,211) |
| Total support costs - Current Year | 1,000 | - | 1,000 | 1,000 |
| The basis of allocation of costs between activities is described under accounting policies | ||||
| All the expenditure in the prior year was unrestricted. |
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Archway Theatre Company Limited
Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015
Other Expenditure - Governance costs
Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees
| Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ Fees paid to the examiner's firm 1,000 - 1,000 Total Charitable expenditure Current year Current year Current year Current Year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ Total charitable trading costs 139,667 1,923 141,590 Total support costs 1,000 - 1,000 Total charitable expenditure 140,667 1,923 142,590 Prior Year Prior Year Prior Year Prior Year Unrestricted Funds Restricted Funds Total Funds 2021 2021 2021 £ £ £ Total charitable trading costs 113,465 1,923 115,388 Total support costs 1,000 - 1,000 Total charitable expenditure 114,465 1,923 116,388 Expenditure on raising funds and costs of investment management Current year Current year Current year Current Year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ Costs of staging fundraising events - - - Total fundraising costs - - - All the expenditure in the prior year was unrestricted. |
Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 1,000 - 1,000 Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 139,667 1,923 141,590 1,000 - 1,000 140,667 1,923 142,590 Prior Year Prior Year Prior Year Unrestricted Funds Restricted Funds Total Funds 2021 2021 2021 £ £ £ 113,465 1,923 115,388 1,000 - 1,000 114,465 1,923 116,388 |
Prior Year Total Funds 2021 £ 1,000 Prior Year Total Funds 2021 £ 115,388 1,000 116,388 |
|---|---|---|
| Prior Year Total Funds 2021 £ - - |
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