LightFrJse
Arts & Entertainment I Poole
Annual Report and
Financial Statements
11
YEAR ENDED 31 MARCH 2023
l Different every day

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|Introduction<br>—Chairman.|||
|---|---|---|
|Introduction<br>—Chief Executive ..|||
|Trustees'<br>Report. .|||
|Management<br>ofstrategic goals and achievements|for 2023/24||
|Financial<br>review|||
|Structure,<br>Governance 5 Management.||....16|
|Reference and Administrative<br>Details. ....||.21|
|Directors'<br>responsibilities<br>for financial statements,||......22|
|Independent<br>auditor's<br>report to the members of|Poole Arts Trust Limited|........23|
|Consolidated<br>statement<br>offinancial<br>activities for|the year ended 31March 2023|26|
|Consolidated<br>statement<br>offinancial activities for|the year ended 31March 2022|27|
|Company statement<br>offinancial<br>activities for the|year ended 31March 2023.|.28|
|Company statement<br>offinancial<br>activities for the|year ended 31March 2022.|29|
|Consolidated<br>balance sheet at 31March 2023..||.30|
|Company<br>balance sheet at31March 2023..||31|
|Consolidated<br>cash flow statement<br>for the year ended 31March 2023.....||32|
|Notes to the financial statements.||...33|





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|Consolidated<br>stateme<br>ended 31March 2023|nt offinanci|nt offinanci|al acti|vities fo|r the y|
|---|---|---|---|---|---|
|(Incorporating<br>the Group Income and Expenditure|Account and Statement of||Comprehensive|Income)||
||Note|Unrestricted|Designated|Restricted|Total|
|||funds|funds|funds|2023|
|||E|E|E|E|
|Incoming<br>Resources||||||
|Donations and legacies||||||
|Grant income||784,396||9,759|794,155|
|Donations,<br>legacies and gifts||41,516|||41,516|
|Donations<br>and legacies income sub-total||825,912||9,759|835,671|
|Income from charitable<br>activities||||||
|Income from events programme||3,360,348|||3,360,348|
|Bar, cafis, and merchandising||489,510|||489,510|
|Income from charitable<br>activities sub-total||3,849,858|||3,849,858|
|Income from other trading activities||||||
|Commercial<br>trading<br>activities||758,331|||758,331|
|Income from other trading activities sub-total||758,331|||758,331|
|Investment<br>income||||||
|Bank interest receivable||2,232|||2,232|
|Total incoming resources||5.436.333||9,759|5,446,092|
|Resources Expended||||||
|Cost ofgenerating<br>funds||||||
|Bar, cafis, and merchandising|1.8|425,270|||425,270|
|Commercial<br>trading operations|1.12|555,142|||555,142|
|Costs ofgenerating<br>funds sub-total||980,412|||980,412|
|Charitable<br>activities||||||
|Costs for events programme||4,475,046||218,294|4,693,340|
|Costs ofcharitable activities sub-total||4,475,046||218,294|4,693,340|
|Total resources expended||5,455,458||218,294|5,673,752|
|Net income/(expenditure)<br>forthe year||(19,125)||(208,535)|(227,660)|
|Transfers between<br>funds|14|446,306|50,000|(496,306)||
|Net movement<br>in funds forthe year||427,181|50,000|(704,841)|(227,6601|
|Funds brought forward at1April 2022|14/15|969,251|590,080|5,085,050|6,644,381|
|Balances carried forward at31March 2023|14/15|1,396,432|640,080|4,380,209|6,416,721|





## 

|Consolidated<br>stateme<br>ended 31March 2022|nt offinanci|nt offinanci|al acti|vities fo|r the y|
|---|---|---|---|---|---|
|(Incorporating<br>the Group Income and Expenditure|Account and Statement of||Comprehensive|Income)||
||Note|Unrestricted|Designated|Restricted|Total|
|||funds|funds|funds|2022|
|||E|E|E|E|
|incoming<br>Resources||||||
|Donations<br>and legacies||||||
|Grant income||960,639||1,073,771|2,034,410|
|Donations,<br>legacies and gifts||44,221||73,463|117,684|
|Donations<br>and legacies income sub-total||1,004,860||1,147,234|2,152,094|
|Income from charitable activities||||||
|Income from events programme||2,571,579|||2,571,579|
|Bar, cafe, and merchandising||346,708|||346,708|
|Income from charitabie activities sub-total||2,918,287|||2,918,287|
|Income from other trading activities||||||
|Commercial<br>trading<br>activities||535,762|||535,762|
|Income from other trading activities sub-total||535,762|||535,762|
|Investment<br>income||||||
|Bank interest receivable||151||||
|Total incoming resources||4,459,060||1,147,234|5,606,294|
|Resources Expended||||||
|Cost ofgenerating<br>funds||||||
|Bar, cafe, and merchandising|1.8|303,030|||303,030|
|Commercial<br>trading operations|1.12|430,212|||430,212|
|Costs ofgenerating<br>funds sub-total||733,242|||733,242|
|Charitable<br>activities||||||
|Costs for events programme||3,543,250||1,289,755|4,833,005|
|Costs ofcharitable activities sub-total||3,543,250||1,289,755|4,833,005|
|Total resources expended||4,276,492||1,289,755|5,566,247|
|Net income/(expenditure)<br>forthe year||182,568||(142,521)|40,047|
|Transfers between<br>funds|14|713,429|(177,783)|(535,646)||
|Net movement<br>in funds for the year||895,997|(177,783)|(678,167)|40,047|
|Funds brought forward at1April 2021|14/15|73,254|767,863|5,763,217|6,404,334|
|Balances carried forward at 31March 2022|14/15|969,251|590,080|5,085,050|6,644,381|





## 

|ended 31M|a|rch 2023|rch 2023||||||
|---|---|---|---|---|---|---|---|---|
|(Incorporating<br>the Company||Income and Expenditure||Account|and Statement of|Comprehensive|Income)||
||||||Unrestricted|funds|Restricted|Total|
||||||||funds|2023|
|||||Note|Undesignate||||
||||||d|Designated|||
||||||E|E|||
|Incoming<br>Resources|||||||||
|Donations<br>and legacies|||||||||
|Grant income|||||784,396||9,759|794,155|
|Donations. legacies and gifts|||||41,516|||41,516|
|Donations<br>and legacies income sub-total|||||825,912||9,759|835,671|
|Income from charitable activities|||||||||
|Income from events programme|||||3,360,348|||3,360,348|
|Bar, cafe, and merchandising|||||489,510|||489,510|
|Income from charitable activities sub-total|||||3,849,858|||3,849,858|
|Income from other trading|activities||||||||
|Gift aid from Poole Arts Trust||(Trading)|Limited||||||
|Income from other trading|activities sub-total||||||||
|Investment<br>income|||||||||
|Bank interest receivable|||||2,232|||2,232|
|Total incoming resources|||||4,678,002||9,759|4,687,761|
|Resources Expended|||||||||
|Cost ofgenerating<br>funds|||||||||
|Bar, cafe, and merchandising|||||425,270|||425,270|
|Costs ofgenerating<br>funds sub-total|||||425,270|||425,270|
|Charitable<br>activities|||||||||
|Costs for events programme|||||4,475,046||218,294|4,693,340|
|Costs ofcharitable activities||sub-total|||4,475,046||218,294|4,693,340|
|Total resources expended|||||4,900,316||218,294|5,118,610|
|Net income/(expenditure)|forthe year||||(222,314)||(208,535)|(430,849)|
|Transfers between<br>funds||||14|446,306|50,000|(496,306)||
|Net movement<br>in funds forthe year|||||223,992|50,000|(704,841)|(430,849)|
|Funds brought forward at1April 2022||||14/15|863,385|590.080|5,085,050|6,538,515|
|Balances carried forward at||31March 2023||14/15|1,087,377|640,080|4,380,209|6,107,666|





## 

|ended 31M|a|rch 2022|rch 2022||||||
|---|---|---|---|---|---|---|---|---|
|(Incorporating<br>the Company||Income and Expenditure||Account|and Statement of|Comprehensive|Income)||
||||||Unrestricted|funds|Restricted|Total|
||||||||funds|2022|
|||||Note|Undesignated|Designated|||
||||||E|E|E||
|Incoming<br>Resources|||||||||
|Donations and legacies|||||||||
|Grant income|||||960,639||1,073,771|2,034,410|
|Donations,<br>legacies and gifts|||||44,221||73,463|117,684|
|Donations and legacies income sub-total|||||1,004,860||1,147,234|2,152,094|
|Income from charitable activities|||||||||
|Income from events programme|||||2,571,579|||2,571,579|
|Bar, cafe, and merchandising|||||346,708|||346,708|
|Income from charitable activities sub-total|||||2,918,287|||2,918,287|
|Income from other trading|activities||||||||
|Gift aid from Poole Arts Trust||(Trading)|Limited||||||
|Income from other trading|activities sub-total||||||||
|Investment<br>income|||||||||
|Bank interest receivable|||||151|||151|
|Total incoming resources|||||3,923,298||1,147,234|5,070,532|
|Resources Expended|||||||||
|Cost ofgenerating<br>funds|||||||||
|Bar, cafe, and merchandising|||||303,030|||303,030|
|Costs ofgenerating<br>funds|sub-total||||303,030|||303,030|
|Charitable<br>activities|||||||||
|Costs for events programme|||||3,543,250||1,289,755|4,833,005|
|Costs ofcharitable activities||sub-total|||3,543,250||1,289,755|4,833,005|
|Total resources expended|||||3,846,280||1,289,755|5,136,035|
|Net income/(expenditure)|forthe year||||77,018||(142,521)|(65,503)|
|Transfers between<br>funds||||14|713,429|(177,783)|(535,646)||
|Net movement<br>in funds forthe year|||||790,447|(177,783)|(678,167)|(65,503)|
|Cunds brought forward at 1April 2021||||14/15|72,938|767,863|5,763,217|6,604,018|
|Balances carried forward at||31March 2022||14/15|863,385|590,080|5,085,050|6,538,515|





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|Charity numb|er: 27|5|961||||||
|---|---|---|---|---|---|---|---|---|
||||||2023||2022||
|||||Note|||||
|Fixed assets|||||||||
|Tangible assets||||||5,127,883||5,097,173|
|Current assets|||||||||
|Stock|||||24,591||30,397||
|Debtors|||||605,518||595.954||
|Cash in hand|and at||bank||2,251,381||3,151,217||
||||||2,881,490||3,777,568||
|Creditors: amounts|||falling due within||||||
|one year||||10|(1,901,707i||(2,336,226)||
|Net current|assets|||||979,783||1,441,342|
|Net assets||||13||6,107,666||6.538,515|
|Funds|||||||||
|Unrestricted|funds:||||||||
|Undesignated||||14||1,087,377||863,385|
|Designated||||14||640,080||590.080|
|Restricted funds:|||||||||
|Development||project||15||4,33L889||4,500,117|
|Capital|replacement|||15||||140,309|
|Other restricted|||funds|15||48,320||112,743|
|Weston|Culture||Fund|15||||79,956|
|Cultural|Relief|Fund||15||||251,925|
|||||||6,107,666||6,538,515|





## 

||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|
||||Note|||||||
|Net cash inflow/(outflow)||from||||||||
|operating<br>activities|||18|||(540,109)|||1,766,055|
|Cash flows from investing||||||||||
|activities||||||||||
|Interest received||||2,232|||151|||
|Net cash inflow from|investing|||||||||
|activities||||||2,232|||151|
|Cash flows from financing||||||||||
|activities||||||||||
|Purchase oftangible|fixed|assets||(361,959)|||(204,278)|||
|Net cash outflow from financing||||||||||
|activities||||||(361,959)|||(204,278)|
|Increase/(decrease)|in cash||19|||(899,836)|||1,561,928|





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|Leasehold|property|Up|to 20/30 years|
|---|---|---|---|
|Equipment|||5years|
|Furniture|||10years|
|Fixtures|||5to 10years|



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|.Surplus<br>/ (def|ic|it)|for the ye|ar||||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
|||||Note|Total||Total|
||||||E||E|
|Incoming<br>Resources||||||||
|Turnover||||||||
|Ticket income||||||2,161,136|1,671,990|
|Other direct programme||income||||734,584|525,046|
|Rental income||||||464,628|374,543|
|Bars, catering,<br>merchandising,|||etc.|||489,510|346,708|
|Trading company||||||758,331|535.762|
|Fundraising||||||28,507|38,265|
|interest receivable||||||2,232|151|
|Other donations|||||||73,463|
|Other restricted donations|||||||5,956|
|Legacies||||||5,009||
|Sponsorship<br>income||||||8,000||
|Turnover||||||4,651,937|3,571,884|
|Grant Income||||||||
|Arts Council England, Southwest||||||354,806|354,806|
|Additional<br>Restrictions|Grant||(BCP|||||
|Council)|||||||41,000|
|Job Retention Scheme|Grant||||||87,179|
|BCPCouncil||||||431,188|430,812|
|Cultural<br>Recovery Fund|(DCMS)||||||1,073,771|
|Other Grants||||||585|4,000|
|RBSBank Switch|||||||25,000|
|DCCI Kick Starters||||||2,876|17.842|
|National Theatre Connections||||||4,700||
|Grant Income||||||794,155|2,034,410|
|Total Incoming Resources||||||5,446,092|5.606.294|
|Resources Expended||||||||
|Cost ofSales||||||||
|Direct programme<br>and|event||costs|||2,647,131|2,129,127|
|Trading company<br>Bars, catering, merchandising,|||etc.|||555,142<br>425,270|430,212<br>303,030|
|Total Cost ofSales||||||3,627,543|2,862,369|
|Administrative<br>Expenditure||||||||
|Establishment<br>costs||||||524,110|760,750|
|Marketing<br>and publicity||||||485,123|391,284|
|Support costs||||||868,748|906,943|
|Other restricted costs|||||||17,556|
|Total Administrative<br>Expenditure||||||1,877,981|2,076,533|
|Total Resources Expended before||||||5,505,524|4,938,902|
|Restricted Depreciation||||||||
|Net Surplus / (Deficit) before||||||(59,432)|667.392|
|Restricted Depreciation||||||||
|Restricted depreciation||||||(168,228)|(627.345)|
|Net Surplus I(Deficit) after Restricted<br>Depreciation||||||(227,660)|40,047|





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|2023|2022|
|---|---|
|E|E|
|2,232||



## 

|imited premises.<br>A summary<br>of|the trading<br>resu|lts<br>is shown|below.||
|---|---|---|---|---|
||||2023|2022|
|||Note|E|E|
|Turnover||1.11|699,256|523,599|
|Cost ofsales and administration|costs|1.12|(555,142)|(430,212)|
|Theatre Tax Relief||1.11|59,075|12,163|
|Net profit|||203,189|105,550|
|The assets and liabilities ofthe|subsidiary||||
|were:|||||
|Fixed assets|||40,235|18,609|
|Current assets|||394,556|143,324|
|Current<br>liabilities|||(125,736)|(56,067)|
|Total net assets|||309,055|105,866|





## 

|.Staff costs|||
|---|---|---|
||2023|2022|
||E|E|
|Wages and salaries|1,671,920|1,403,380|
|Social security costs|124,343|96,738|
|Pension costs|41,502|37,958|
||1,837,765|1,538,076|



|2023|2022|
|---|---|
|Number|Number|



||||FTE|
|---|---|---|---|
|Management|and administration|18|17|
|Marketing<br>and|publicity|6|5|
|Establishment||15|13|
|Bars, catering,|and merchandise|14|10|
|Direct programme<br>and event||10|9|
|Total FTE||63|54|
|Average number ofemployees||122|103|



|Gross||||||||||
|---|---|---|---|---|---|---|---|---|---|
|wages|Nl Ers|Pension|Benefits|Total|Gross wages|NI Ers|Pension|Benefits|Total|
|E|E|E|E|E|E|E|E|E|E|
|305,806|37,815|23,728|3,582|370,931|273.060|30,844|25,941|3,229||
||||||||||333,074|





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|The operating<br>surplus|for|the year is stated after charging:|||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Auditors'<br>remuneration:|||||
|Audit services|||18,900|15,850|
|Non-audit<br>services|||6,070|800|
|Depreciation<br>oftangible||fixed assets|309,043|692,474|
|Audit services<br>in respect||of Poole Arts Trust|||
|(Trading)<br>Limited|||3,000|2,500|



## 

|Cost|||||
|---|---|---|---|---|
|At 1April 2022|14,617,286|1,215,248||15,832,534|
|Additions|78,169|277,370|6,420|361,959|
|Disposals||(580)||(580)|
|At 31March 2023|14,695,455|1.492,038|6,420|16,193,913|
|Depreciation|||||
|At 1April 2022|9,911,166|805,586||10,716,752|
|Provided<br>during the year|176,684|132,359||309,043|
|At 31March 2023|10,087,850|937,945||11,025,795|
|Net book value|||||
|At 31March 2022|4,706,120|409,662||5,115,782|
|At 31March 2023|4,607,605|554,093|6,420|5,168,118|





|||~ ~||||
|---|---|---|---|---|---|
|||~<br>~||||
|Cost||||||
|At 1April|2022|14,617,286|1,188,737||15,806,023|
|Additions||78,169|251,032|6,420|335,621|
|Disposals|||(580)||(580)|
|At 31March 2023||14,695,455|1,439,189|6,420|16,14L064|
|Depreciation||||||
|At 1April|2022|9,911,166|797,684||10,708,850|
|Provided|during the year|176,684|127,647||304,331|
|At 31March 2023||10,087,850|925,331||11,013,181|
|Net book|value|||||
|At 31March 2022||4,706,120|391,053||5,097,173|
|At 31March 2023||4,607,605|513,858|6,420|5,127,883|



## 

|.Stocks||||||
|---|---|---|---|---|---|
|||2023|2023|2022|2022|
|||Group|Charity|Group|Charity|
|||E|E|E|E|
|Consumables||11,119|11,119|13,051|13,051|
|Goods for resale||24,514|13,472|26,710|17,346|
|||35,633|24,591|39,761|30,397|
|.Debtors||||||
|||2023|2023|2022|2022|
|||Group|Charity|Group|Charity|
|||E|E|E|E|
|Trade debtors||141,663|104,644|161,574|147,016|
|VAT recoverable|||76,307|||
|Other debtors||51,602|48,925|24,326|23,006|
|Prepayments|and accrued income|406,299|375,642|441,451|425,932|
|||599,564|605,518|627,351|595,954|



## 



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## 

|10.Cre|ditors:|amounts<br>falling d|ue within one ye|ar|||
|---|---|---|---|---|---|---|
||||2023|2023|2022|2022|
||||Group|Charity|Group|Charity|
||||E|E|E|E|
|Trade creditors|||427,925|418,846|760,877|752,356|
|Other creditors|||341,558|315,013|427,101|407,554|
|Taxation|and Social Security||13,805||43,937|15,938|
|Deferred|income||215,500|215,500|215,876|215,876|
|Amounts|owed to|group undertakings||312,661||102,063|
||||998,788|1,262,020|1,447,791|1,493,787|
|Boxoffice receipts||in advance|639,687|639,687|842,439|842,439|
||||1,638,475|1,901,707|2,290,230|2.336,226|



||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|
||||Group|Charity|Group|Charity|
|Boxoffice receipts||in advance analysis:|E|E|E|E|
|Opening|balance||842,439|842,439|590,343|590,343|
|Tickets|sold for events||3,218,089|3,218,089|2,832,656|2,832,656|
|Tickets|transferred|to SOFA|(3,420,841)|(3,052,704)|(1,953,688)|(1,631,605)|
|Tickets|transferred|to subsidiary||(368,137)||(322,083)|
|Tickets|transferred|to third parties|||(626,872)|(626,872)|
||||639,687|639,687|842,439|842,439|



## 

## 



## 

|||||Tangible|Current|Current||
|---|---|---|---|---|---|---|---|
|Group||||fixed assets|assets|liabilities|Total|
|||||E|E|E|E|
|Development||project||4,331,889|||4,331,889|
|Other restricted|||funds||48,320||48,320|
|Restricted|total|||4,331,889|48,320||4,380,209|
|Unrestricted||fund||836,229|2,198,678|(1,638,475)|1,396,432|
|Designated|fund||||640,080||640,080|
|Total||||5,168,118|2,887,078|(1,638,475)|6,416,721|
|||||Tangible|Current|Current||
|Charity||||fixed assets|assets|liabilities|Total|
|||||E|E|E|E.|
|Development||project||4,331,889|||4,331,889|
|Other restricted|||funds||48,320||48,320|
|Restricted|total|||4,331,889|48,320||4,380,209|
|Unrestricted||fund||795,994|2,193,090|(1,901,707)|1,087,377|
|Designated|fund||||640,080||640,080|
|Total||||5,127,883|2,881,490|(1,901,707)|6,107,666|





## 

## 

|14.Unrestricted<br>funds||||
|---|---|---|---|
||||Total|
||Undesignated|Designated|unrestricted|
|Group|funds|funds|funds|
||E|E|E|
|Income|5,436,333||5,436,333|
|Expenditure|(5,455,458)||(5,455,458)|
|Transfers|446,306|50,000|496,306|
|Surplus for the year|427,181|50,000|477,181|
|Balance at 1April 2022|969,251|590,080|1,559,331|
|Balance at 31March 2023|1,396,432|640,080|2,036,512|



|In the previous<br>year group<br>undesignated<br>f<br>surplus<br>for the year ofE182,568.|unds<br>had total income of E4,459,060|, total expenditure<br>o|f E4,276,492 and|
|---|---|---|---|
||||Total|
||Undesignated|Designated|unrestricted|
|Charity|funds|Funds|funds|
||E|E|E|
|Income|4,678,002||4,678,002|
|Expenditure|(4,900.316)||(4,900,316)|
|Transfers|446,306|50,000|496,306|
|Surplus for the year|223,992|50,000|273,992|
|Balance at 1April 2022|863,385|590,080|1,453,465|
|Balance at 31March 2023|1.087,377|640,080|1,727,457|



|||Artistic Risk|||
|---|---|---|---|---|
|||Reserve|Risk Reserve|Total|
|||E|E|E|
|Balance at|1April 2022|196,693|393,387|590,080|
|Transferred|in (out)||50,000|50,000|
|Balance at|31March 2023|196,693|443,387|640,080|





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|18.Net cash inflow / (ou|tflow)|f|rom operati|ng<br>activi|ties|||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
||||||E||E|
|Reconciliation<br>ofoperating<br>surplus to net||||||||
|cash inflow / (outflow) from operating||||||||
|activities:||||||||
|Net unrestricted<br>incoming/(outgoing)resources|||for the year||(10,700)||182,568|
|Net designated<br>incoming/(outgoing)|resources||for the year|||||
|Net restricted<br>incoming/(outgoing)|resources||for the year||(216,960)||(142,521)|
|Net incoming/(outgoing)<br>resources for the<br>year|||||(227,660)||40,047|
|Interest receivable|||||(2,232)||(151)|
|Depreciation<br>on fixed assets|||||309,043||913,645|
|Loss on disposal offixed assets|||||580|||
|(Increase)/decrease<br>in stock|||||4,128||(21,823)|
|(Increase)/decrease<br>in debtors|||||27,787||(201,034)|
|Increase / (decrease)<br>in creditors|||||(651,755)||1,035,371|
|Net cash inflow / (outflow) from operating||activities|||(540,109)||1,766,055|
|19.Analysis ofchanges|in net|funds||||||
|||||2022|Cash|flow|2023|
|||||E||E|E|
|Cash at bank and<br>in hand||||3,151,217|(899,836)||2,251,381|



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