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 2024
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 23 |
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 2024
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 30 September 2024, 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 later in 2024 and continue into 2025.
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: £36,649
The strategic report was approved by the trustees of the charity on 18 June 2025 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 2024.
Objectives and activities
Objects and aims
The objectives 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 two successful applications to the Arts Council England, which enabled the Puppet Barge to embark on a range of complex projects. The Barge hosted a visiting Argentinian company, Arriba las Hu! Manos, as well as visiting artists Ronnie le Drew, Coral Bevan and Ollie Smart. The Puppet Barge presented the London premiere of their new production The Selfish Giant. The Barge made it up the Thames all the way to Abingdon again in summer 2024, this time to show The Insect Circus as part of National Insect Week, in partnership with the Royal Entomological Society. Ticket sales for all the shows have remained stable.
Public benefit
During the financial year 2023–2024 Art of the Puppet continued its community outreach with support from Arts Council England (ACE) and Westminster City Council (WCC). Activities which benefited the local community included:
• 10 funded performances for schools and community groups where groups paid around £1 per child to attend.
• The charity ran a 6- week Arts Award course, free for children who receive free school meals, in partnership with The Floating Classroom and Westminster Children’s University.
• Through the Govt’s Holiday Activity Fund, Art of the Puppet ran ‘Puppet Club’ over Christmas 2023 and Easter 2024 holidays, in partnership with the Floating Classroom. Children learnt to make shadow puppets and performed their shows to their families on board the Puppet Barge.
• Rural communities were engaged with 9 workshops (270 KS2 children) and 10 performances for local state primary schools from south Abingdon, which suffers from high levels of deprivation.
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.
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.
Page 3
Art of the Puppet
known as The Puppet Barge
Trustees' Report
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:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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 18 June 2025 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 2024
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 2024 as set out on pages 7 to 23 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.
18 June 2025
Page 6
Art of the Puppet
known as The Puppet Barge
Statement of Financial Activities for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note | Unrestricted Total |
|---|---|
| funds 2024 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies 3 |
63,302 63,302 |
| Other tradingactivities 4 |
142,484 142,484 |
| Total income | 205,786 205,786 |
| Expenditure on: | |
| Raising funds 5 |
(2,235) (2,235) |
| Charitable activities 6 |
(186,236) (186,236) |
| Total expenditure | (188,471) (188,471) |
| Net income | 17,315 17,315 |
| Net movement in funds | 17,315 17,315 |
| Reconciliation of funds | |
| Total funds brought forward | 39,334 39,334 |
| Total funds carried forward 13 |
56,649 56,649 |
| Note | Unrestricted Total |
| funds 2023 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies 3 |
81,378 81,378 |
| Other tradingactivities 4 |
123,051 123,051 |
| Total income | 204,429 204,429 |
| Expenditure on: | |
| Raising funds 5 |
(6,093) (6,093) |
| Charitable activities 6 |
(210,597) (210,597) |
| Total expenditure | (216,690) (216,690) |
| Net expenditure | (12,261) (12,261) |
| Net movement in funds | (12,261) (12,261) |
| Reconciliation of funds | |
| Total funds brought forward | 51,595 51,595 |
The notes on pages 11 to 23 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 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note | Unrestricted Total |
|---|---|
| funds 2023 |
|
| £ £ |
|
| Total funds carried forward 13 |
39,334 39,334 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 13.
The notes on pages 11 to 23 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 2024
| Note | 2024 2023 |
|---|---|
| £ £ |
|
| Current assets | |
| Cash at bank and in hand 11 |
57,130 39,816 |
| Creditors: Amounts falling due within oneyear 12 |
(481) (482) |
| Netassets | 56,649 39,334 |
| Funds of the charity: | |
| Unrestricted income funds | |
| Unrestricted funds | 56,649 39,334 |
| Total funds 13 |
56,649 39,334 |
For the financial year ending 30 September 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 7 to 23 were approved by the trustees, and authorised for issue on 18 June 2025 and signed on their behalf by:
----- Start of picture text -----
....... ...........................
----- End of picture text -----
....... ........................... Jeanette Pitt Trustee
Andrew Doyle Trustee
The notes on pages 11 to 23 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 2024
| Note | 2024 2023 |
|---|---|
| £ £ |
|
| Cash flows from operating activities | |
| Net cash income/(expenditure) | 17,315 (12,261) |
| Working capital adjustments | |
| (Decrease)/increase in creditors 12 |
(1) 242 |
| Net cash flows from operatingactivities | 17,314 (12,019) |
| Net increase/(decrease) in cash and cash equivalents | 17,314 (12,019) |
| Cash and cash equivalents at 1 October | 39,816 51,835 |
| Cash and cash equivalents at 30 September | 57,130 39,816 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 11 to 23 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 2024
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 18 June 2025.
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 2024
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 2024
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 2024
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 2024
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 2024
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 2024
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
| Unrestricted funds Total |
|
|---|---|
| General funds |
|
| £ £ |
|
| Grants, including capital grants; | |
| Grants from other charities | 63,302 63,302 |
| Total for 2024 | 63,302 63,302 |
| Total for 2023 | 81,378 81,378 |
Page 17
Art of the Puppet
known as The Puppet Barge
Notes to the Financial Statements for the Year Ended 30 September 2024
4 Income from other trading activities
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| General | funds | |
| £ | £ | |
| Events income; | ||
| Other events income | 142,484 | 142,484 |
| Total for 2024 | 142,484 | 142,484 |
| Total for 2023 | 123,051 | 123,051 |
5 Expenditure on raising funds
Investment management costs
a)
| Unrestricted funds Total |
|
|---|---|
| Note | General funds |
| £ £ |
|
| Allocated support costs 7 |
2,235 2,235 |
| Total for 2024 | 2,235 2,235 |
| Total for 2023 | 6,093 6,093 |
| Total costs £ |
|
| 6 Expenditure on charitable activities |
|
| Unrestricted funds Total |
|
| Note | General funds |
| £ £ |
|
| Governance costs 7 |
186,236 186,236 |
| Total for 2023 | 210,597 210,597 |
Page 18
Art of the Puppet
known as The Puppet Barge
Notes to the Financial Statements for the Year Ended 30 September 2024
Total expenditure £
In addition to the expenditure analysed above, there are also governance costs of £186,236 (2023 - £210,597) 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 2024
7 Analysis of governance and support costs
Raising funds expenditure
Costs of trading activities
| Costs of trading activities | Costs of trading activities |
|---|---|
| Total | |
| Basis of allocation 2024 £ |
|
| Charitable investment management costs | |
| Unrestricted funds Total |
|
| Basis of allocation General £ funds £ |
|
| Legal & Professional fees 100 |
2,235 2,235 |
| Total for 2023 | 6,093 6,093 |
| Other costs for generating funds | |
| Total | |
| Basis of allocation funds £ |
Basis of allocation
Reference
Marketing and publicity Other governance costs
Total for 2024
Total for 2023
Page 20
Art of the Puppet
known as The Puppet Barge
Notes to the Financial Statements for the Year Ended 30 September 2024
8 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
2024 £
- 9 Trustees remuneration and expenses
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Cash and cash equivalents
| 11 Cash and cash equivalents |
11 Cash and cash equivalents |
|---|---|
| 2024 £ 2023 £ |
|
| Cash at bank 57,130 39,816 |
|
| 12 Creditors: amounts falling due within one year |
|
| 2024 £ 2023 £ |
|
| Trade creditors | 482 480 |
| Other creditors | (1) 2 |
| 481 482 |
|
| 13 Funds |
|
| Balance at 1 Incoming Resources Balance at 30 |
|
| October 2023 resources expended September 2024 |
|
| £ £ £ £ |
|
| Unrestricted funds | |
| General | 39,334 205,786 (188,471) 56,649 |
Page 21
Art of the Puppet
known as The Puppet Barge
Notes to the Financial Statements for the Year Ended 30 September 2024
| Balance | at 1 | Incoming | Resources | Balance at 30 | |
|---|---|---|---|---|---|
| October | 2022 | resources | expended | September 2023 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 51,595 204,429 (216,690) |
39,334 |
14 Analysis of net assets between funds
| 14 Analysis of net assets between funds |
|
|---|---|
| Unrestricted Total funds at 30 |
|
| funds September |
|
| General 2024 |
|
| £ £ |
|
| Current assets | 57,130 57,130 |
| Current liabilities | (481) (481) |
| Total net assets | 56,649 56,649 |
| Unrestricted Total funds at 30 |
|
| funds September |
|
| General 2023 |
|
| £ £ |
|
| Current assets | 39,816 39,816 |
| Current liabilities | (482) (482) |
| Total net assets | 39,334 39,334 |
| 15 Analysis of net funds |
|
| At 1 October At 30 September |
|
| 2023 2024 |
|
| £ £ |
|
| Cash at bank and in hand | 39,816 39,816 |
| Net debt | 39,816 39,816 |
| At 1 October At 30 September |
|
| 2022 2023 |
|
| £ £ |
|
| Cash at bank and in hand | 51,835 51,835 |
| Net debt | 51,835 51,835 |
Page 22
Art of the Puppet
known as The Puppet Barge
Notes to the Financial Statements for the Year Ended 30 September 2024
16 Related party transactions
Page 23
Art of the Puppet
known as The Puppet Barge
Statement of Financial Activities by fund for the Year Ended 30 September 2024
Unrestricted Funds
| Unrestricted Funds | |
|---|---|
| Total Total |
|
| Unrestricted Unrestricted |
|
| Funds Funds |
|
| 2024 2023 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies | 63,302 81,378 |
| Other tradingactivities | 142,484 123,051 |
| Total income | 205,786 204,429 |
| Expenditure on: | |
| Raising funds | (2,235) (6,093) |
| Charitable activities | (186,236) (210,597) |
| Total expenditure | (188,471) (216,690) |
| Net income/(expenditure) | 17,315 (12,261) |
| Net movement in funds | 17,315 (12,261) |
| Reconciliation of funds | |
| Total funds brought forward | 39,334 51,595 |
| Total funds carried forward | 56,649 39,334 |
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 2024
| Total Total |
|
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies (analysed below) | 63,302 81,378 |
| Other tradingactivities(analysed below) | 142,484 123,051 |
| Total income | 205,786 204,429 |
| Expenditure on: | |
| Raising funds (analysed below) | (2,235) (6,093) |
| Charitable activities(analysed below) | (186,236) (210,597) |
| Total expenditure | (188,471) (216,690) |
| Net income/(expenditure) | 17,315 (12,261) |
| Net movement in funds | 17,315 (12,261) |
| Reconciliation of funds | |
| Total funds brought forward | 39,334 51,595 |
| Total funds carried forward | 56,649 39,334 |
This page does not form part of the statutory financial statements. Page 25
Art of the Puppet
known as The Puppet Barge
Detailed Statement of Financial Activities for the Year Ended 30 September 2024
| Total Total |
|
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Donations and legacies | |
| Appeals and donations | - 7,500 |
| Grants - other agencies | 63,302 73,878 |
| 63,302 81,378 |
|
| Other trading activities | |
| Concerts | 142,484 123,051 |
| 142,484 123,051 |
|
| Raising funds | |
| Independent examiner's fee | (240) (240) |
| Legal and professional fees | (1,760) (5,853) |
| Bank charges | (235) - |
| (2,235) (6,093) |
|
| Charitable activities | |
| Rent | (3,140) (4,288) |
| Production costs | (153,359) (129,517) |
| Insurance | (9,030) (7,465) |
| Repairs and maintenance | (8,607) (24,132) |
| Office expenses | (5,518) (37,906) |
| Travel and subsistence | (3,194) (3,534) |
| Advertising | (3,388) (3,755) |
| (186,236) (210,597) |
This page does not form part of the statutory financial statements. Page 26