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2023-09-30-accounts

Company registration number: 01386096 Charity registration number: 276527

Art of the Puppet

known as

The Puppet Barge

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 September 2023

Mr Simon Kingsley Independent Examiner 58 Montague Road Hackney London E8 2HW

Art of the Puppet

known as The Puppet Barge

Contents

Reference and Administrative Details 1
Strategic Report 2
Trustees' Report 3 to 5
Accountants' Report 6
Statement of Financial Activities 7 to 8
Balance Sheet 9
Statement of Cash Flows 10
Notes to the Financial Statements 11 to 22

Art of the Puppet

known as The Puppet Barge

Reference and Administrative Details

Trustees Rose Leahy Jeanette Pitt Andrew Doyle Dunja Botic Clarice Hilton Secretary Rob Humphreys Charity Registration Number 276527 Company Registration Number 01386096 The charity is incorporated in England & Wales. Registered Office 78 Middleton Road London E8 4BP Independent Examiner Mr Simon Kingsley Independent Examiner 58 Montague Road Hackney London E8 2HW

Page 1

Art of the Puppet

known as The Puppet Barge

Strategic Report for the Year Ended 30 September 2023

The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 30 September 2023, in compliance with s414C of the Companies Act 2006.

Financial review

Policy on reserves

The Trust has created the following specific reserve funds to ensure the survival of The Puppet Theatre Barge, which is a unique purpose-built floating marionette theatre. These cover specific capital and maintenance expenditure at the costs and times outlined below – some of these works were scheduled to take place in 2023, but due to unforeseen circumstances, had to be carried over into 2024.

Volvo hydraulic drive overhaul: £5,000 (October 2024) Dry Dock for Puppet Barge: £10,000 (October 2024) Boiler Fund: £5,000 (January 2024)

Total Designated Funds: £20,000

The Trust also keeps Free Reserves for contingency, to account for fluctuations in seasonal ticket sales, and for any other unforeseen circumstances.

Total Free Reserves: £19,334

The strategic report was approved by the trustees of the charity on 28 June 2024 and signed on its behalf by:

......................................... Rob Humphreys Company secretary ......................................... Andrew Doyle Trustee

Page 2

Art of the Puppet

known as The Puppet Barge

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 September 2023.

Objectives and activities

Objects and aims

The objects of the Trust are to apply its income and capital for the benefit of Puppetry in education, both directly in schools and in a wider sense for children and adults of all ages.

Objectives, strategies and activities

The Trust made a successful application to the Arts Council England, which enabled the Puppet Barge to embark on a complex and wide-ranging project. The theatre also hosted the Italian puppet company Di Filippo Marionette for the February half-term. A new English-Arabic production of Blue Pool of Questions was staged. For the first time in many years, the Puppet Barge made it up the Thames all the way to Abingdon. The local authorities in Abingdon were very helpful and the intention is to return again in 2024. Ticket sales for all the shows have remained stable.

Public benefit

During the financial year 2022–2023 Art of the Puppet increased its community outreach considerably with support from Arts Council England (ACE), Westminster City Council (WCC) and John Lyon’s Charitable Trust. Activities which benefited the local community included:

• ACE-funded collaboration with Palestinian artists to stage a new performance which wove British and Arabic narratives to celebrate cross-cultural friendship and engage local Arabic-speaking communities.

• John Lyon’s Charitable Trust funded 11 performances of the new production for local schools and community groups where organisations paid just £1 per person to attend.

• Rural communities were engaged with X9 arts workshops for local state primary schools in areas of south Abingdon which suffer from high levels of deprivation. These workshops were then followed by 8 performances where schools paid £1 per child.

• Through WCC’s Holiday Activity Fund, Art of the Puppet ran ‘Puppet Club’ over Christmas and Easter holidays. This was free for local children who receive free school meals and included breakfast and lunch.

• With ACE support, the charity ran two successful Arts Award courses for local children in the form of afterschool clubs. These took place in autumn 2022 and spring 2023.

• With ACE support, the charity brought over award-winning puppet company Di Filippo Marionette from Italy for a two-week run of performances and provided 100 free tickets for the local community and 100 50% discounted tickets to ensure access to anyone/everyone no matter what financial barriers they might face.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 3

Art of the Puppet

known as The Puppet Barge

Trustees' Report

Structure, governance and management Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Statement of trustees' responsibilities

The trustees (who are also the directors of Art of the Puppet for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

Page 4

Art of the Puppet

known as The Puppet Barge

Trustees' Report

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on 28 June 2024 and signed on its behalf by:

......................................... Rob Humphreys Company secretary ......................................... Andrew Doyle Trustee

Page 5

Chartered Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of

Art of the Puppet for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Art of the Puppet for the year ended 30 September 2023 as set out on pages 7 to 22 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/ .

This report is made solely to the board of directors of Art of the Puppet, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Art of the Puppet and state those matters that we have agreed to state to the board of directors of Art of the Puppet, as a body, in this report, in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Art of the Puppet and its board of directors as a body for our work or for this report.

It is your duty to ensure that Art of the Puppet has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of Art of the Puppet. You consider that Art of the Puppet is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Art of the Puppet. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

28 June 2024

Page 6

Art of the Puppet

known as The Puppet Barge

Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
13
Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward		 Unrestricted
funds
£
81,378
123,051
204,429
(6,093)
(210,597)
(216,690)
(12,261)
(12,261)
51,595
39,334
Unrestricted
funds
£
35,317
109,690
145,007
(275)
(131,422)
(131,697)
13,310
13,310
38,285		 Total
2023
£
81,378
123,051
204,429
(6,093)
(210,597)
(216,690)
(12,261)
(12,261)
51,595
39,334
Total
2022
£
35,317
109,690
145,007
(275)
(131,422)
(131,697)
13,310
13,310
38,285

The notes on pages 11 to 22 form an integral part of these financial statements.

Page 7

Art of the Puppet

known as The Puppet Barge

Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Total funds carried forward
Note
13		 Unrestricted
funds
£
51,595		 Total
2022
£
51,595

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 13.

The notes on pages 11 to 22 form an integral part of these financial statements. Page 8

Art of the Puppet

known as The Puppet Barge

(Registration number: 01386096) Balance Sheet as at 30 September 2023

Note
Current assets
Cash at bank and in hand
11
Creditors: Amounts falling due within one year
12
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
13		 2023
£
39,816
(482)
39,334
39,334
39,334		 2022
£
51,835
(240)
51,595
51,595
51,595

For the financial year ending 30 September 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 7 to 22 were approved by the trustees, and authorised for issue on 28 June 2024 and signed on their behalf by:

......................................... Jeanette Pitt Trustee

......................................... Andrew Doyle Trustee

The notes on pages 11 to 22 form an integral part of these financial statements.

Page 9

Art of the Puppet

known as The Puppet Barge

Statement of Cash Flows for the Year Ended 30 September 2023

Note
Cash flows from operating activities
Net cash (expenditure)/income
Working capital adjustments
Increase in creditors
12
Net cash flows from operating activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 October
Cash and cash equivalents at 30 September		 2023
£
(12,261)
242
(12,019)
(12,019)
51,835
39,816		 2022
£
13,310
-
13,310
13,310
38,525
51,835

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 11 to 22 form an integral part of these financial statements. Page 10

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

1 Charity status

The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.

The address of its registered office is: 78 Middleton Road London E8 4BP

These financial statements were authorised for issue by the trustees on 28 June 2024.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Art of the Puppet meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Page 11

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company 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 to charitable purposes.

Page 12

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Page 13

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).

Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:

1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);

2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and

3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Page 14

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 15

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Page 16

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
7,500
73,878
81,378
35,317		 Total
funds
£
7,500
73,878
81,378
35,317

Page 17

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

4 Income from other trading activities

Events income;
Other events income
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
123,051
123,051
109,690		 Total
funds
£
123,051
123,051
109,690

5 Expenditure on raising funds

a) Investment management costs

Note
Allocated support costs
7
Total for 2023
Total for 2022
6 Expenditure on charitable activities
Note
Governance costs
7
Total for 2022		 Unrestricted
funds
General
£
6,093
6,093
275
Unrestricted
funds
General
£
210,597
131,422		 Total
funds
£
6,093
6,093
275
Total
costs
£
Total
funds
£
210,597
131,422

Page 18

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

Total expenditure £

In addition to the expenditure analysed above, there are also governance costs of £210,597 (2022 - £131,422) which relate directly to charitable activities. See note 7 for further details.

Page 19

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

7 Analysis of governance and support costs

Raising funds expenditure Costs of trading activities

Raising funds expenditure
Costs of trading activities
Basis of allocation
Charitable investment management costs
Unrestricted
funds
Basis of allocation
General
£
Legal & Professional fees
100
6,093
Other costs for generating funds
Basis of allocation		 Total
2023
£
Total
funds
£
6,093

Total
funds
£

Basis of allocation Reference Method of allocation

Governance costs

Marketing and publicity
Other governance costs
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
3,755
206,842
210,597
131,422		 Total
funds
£
3,755
206,842
210,597
131,422

8 Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Page 20

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

9 Trustees remuneration and expenses
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Cash and cash equivalents
Cash at bank
12 Creditors: amounts falling due within one year
Trade creditors
Other creditors
13 Funds
Balance at 1
Incoming
October 2022
resources
£
£
Unrestricted funds
General
51,595
204,429
Balance at 1
Incoming
October 2021
resources
£
£
Unrestricted funds
General
38,285
145,007		 2023
£
39,816
2023
£
480
2
482
Resources
expended
£
(216,690)
Resources
expended
£
(131,697)		 2023
£
2022
£
51,835
2022
£
240
-
240
Balance at 30
September
2023
£
39,334
Balance at 30
September
2022
£
51,595

Page 21

Art of the Puppet

known as The Puppet Barge

Notes to the Financial Statements for the Year Ended 30 September 2023

14 Analysis of net assets between funds

Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
39,816
(482)
39,334
Unrestricted
funds
General
£
51,835
(240)
51,595		 Total funds at
30 September
2023
£
39,816
(482)
39,334
Total funds at
30 September
2022
£
51,835
(240)
51,595

15 Analysis of net funds

15 Analysis of net funds
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt		 At 1 October
2022
£
51,835
51,835
At 1 October
2021
£
38,525
38,525		 At 30
September
2023
£
51,835
51,835
At 30
September
2022
£
38,525
38,525

16 Related party transactions

Page 22

Art of the Puppet

known as The Puppet Barge

Statement of Financial Activities by fund for the Year Ended 30 September 2023

Unrestricted Funds

Income and Endowments from:
Donations and legacies
Other trading activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Unrestricted
Funds
2023
£
81,378
123,051
204,429
(6,093)
(210,597)
(216,690)
(12,261)
(12,261)
51,595
39,334		 Total
Unrestricted
Funds
2022
£
35,317
109,690
145,007
(275)
(131,422)
(131,697)
13,310
13,310
38,285
51,595

This page does not form part of the statutory financial statements. Page 23

Art of the Puppet

known as The Puppet Barge

Detailed Statement of Financial Activities for the Year Ended 30 September 2023

Income and Endowments from:
Donations and legacies (analysed below)
Other trading activities (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2023
£
81,378
123,051
204,429
(6,093)
(210,597)
(216,690)
(12,261)
(12,261)
51,595
39,334		 Total
2022
£
35,317
109,690
145,007
(275)
(131,422)
(131,697)
13,310
13,310
38,285
51,595

This page does not form part of the statutory financial statements. Page 24

Art of the Puppet

known as The Puppet Barge

Detailed Statement of Financial Activities for the Year Ended 30 September 2023

Donations and legacies
Appeals and donations
Grants - other agencies
Other trading activities
Concerts
Raising funds
Independent examiner's fee
Legal and professional fees
Charitable activities
Rent
Production costs
Insurance
Repairs and maintenance
Office expenses
Travel and subsistence
Advertising		 Total
2023
£
7,500
73,878
81,378
123,051
123,051
(240)
(5,853)
(6,093)
(4,288)
(129,517)
(7,465)
(24,132)
(37,906)
(3,534)
(3,755)
(210,597)		 Total
2022
£
21,871
13,446
35,317
109,690
109,690
(275)
-
(275)
-
(70,027)
(3,748)
(6,888)
(45,998)
(2,627)
(2,134)
(131,422)

This page does not form part of the statutory financial statements. Page 25