| Page | |
|---|---|
| Trustees’ annual report (incorporating the directors’ report) | 1 |
| Independentauditor's report to the members | 9 |
| Statementoffinancial activities (including income and | |
| expenditure account) | 13 |
| Statementoffinancial position | 14 |
| Statement ofcash flows | 15 |
| Notes to the financial statements | 16 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 71,016 | ~ | 71,016 | 82,975 |
| Charitable activities | 6 | 444,024 | 26,100 | 470,124 | 375,701 |
| Fundraising income | 7 | 152,300 | - | 152,300 | 162,988 |
| Investment income | 8 | 3,368 |
~ | 3,368 |
1,021 |
| Total income | 670,708 |
26,100 |
696,808 |
622,685 |
|
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of othertrading activities | 9 | 10,919 | - | 10,919 | |
| Expenditure on charitable activities | 10,11 | 651,353 | 26,100 | 677,453 | |
| Other expenditure | 12 | 3,399 | _ | 3,399 | |
| Total expenditure | 665,671 |
26,100 | 691,771 |
||
| Net (gains)/losses on investments | 14 | (32,142) | - | (32,142) | |
| Net income/(expenditure) and net movementin funds |
37,179 |
_ | 37,179 |
(27,773) |
|
| Reconciliation offunds | |||||
| Total funds brought forward | 504,140 |
_ | 504,140 | 531,913 |
|
| Total funds carried forward | 541,319 |
~ | 541,319 |
504,140 |
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 21 | 392,587 | 360,445 |
| Current assets | |||
| Debtors | 22 | 19,128 | 4,998 |
| Cash at bank and in hand | 183,620 |
203,237 |
|
202,748 |
208,235 |
||
| Creditors: amounts falling due within one year | 23 | 54,016 |
64,540 |
| Net current assets | 148,732 |
143,695 |
|
| Total assets less currentliabilities | 541,319 |
504,140 |
|
| Net assets | 541,319 |
504,140 |
|
| Fundsofthe charity | |||
| Unrestricted funds | 544,319 |
504,140 | |
| Total charity funds | 26 | 541,319 |
504,140 |
| 2024 | 2023 | |
|---|---|---|
| £ | ||
| Cash flows from operating activities Net income/(expenditure) |
37,179 | (27,773) |
| Adjustments for: Net (gains)/losses on investments Otherinterest receivable and similar income Accrued expenses |
(32,142) (3,368) 5,930 |
17,779 (1,021) 4,810 |
| Changesin: Trade and other debtors Trade and other creditors |
(14,130) (16,454) |
9,638 8,449 |
| Cash generated from operations | (22,985) | 11,882 |
| Interest received | 3,368 | 1,021 |
| Net cash (used in)/from operating activities | (19,617) | 12,903 |
| Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning ofyear |
(19,617) 203,237 |
12,903 190,334 |
| Cash and cash equivalents at end ofyear | 183,620 |
203,237 |
| Leasehold improvement | - | Over the remaining term of the lease |
|---|---|---|
| Fixtures andfittings | - | 25% straight line |
| Marketing & promotional | - | 33.33% and 20% straightline |
| equipment | ||
| ComputerEquipment | - | 25%straightline |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 65,484 | 65,484 | 76,726 | 76,726 |
| Gift Aid | 5,532 | 5,532 |
6,249 | 6,249 |
| 71,016 | 71,016 |
82,975 | 82,975 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Boxoffice/other | events | 436,524 | _ | 436524 |
| Grants | 7,500 |
26,100 | 33,600 |
|
444,024 |
26,100 |
470,124 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Boxoffice/other | events | 349,110 | 349,110 | |
| Grants | 26,591 |
26,591 |
||
| 375,701 |
375,701 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Fundraising | 12,918 | 12,918 | 22,468 | 22,468 |
| Sponsorship | 115,600 | 115,600 | 119,450 | 119,450 |
| Subscriptions | 10,667 | 10,667 | 9,200 | 9,200 |
| Advertising | 8,115 | 8,115 | 6,870 | 6,870 |
| Rental & other income | 5,000 |
5,000 |
5,000 |
5,000 |
| 152,300 |
152,300 |
162,988 |
162,988 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 3,368 | 3,368 | 4,021 |
1,021 |
| Costs of other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Fundraising costs | 10,919 | 10,919 | 6,603 | 6,603 |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Promotion of the arts | 641,796 | 26,100 | 667,896 | ||
| Support costs | 9,557 | 9,557 |
|||
| 651,353 |
677,453 |
||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | ||||
| Promotion of the arts | 612,470 | 612,470 | |||
| Support costs | 7,246 | 7,246 |
|||
| 619,716 |
619,716 |
||||
| 11. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2024 | 2023 | ||
| £ | £ | £ | |||
| Promotion of the arts | 667,896 | 667,896 | 612,470 | ||
| Governancecosts | 9,557 | 9,557 |
7,246 |
||
667,896 |
9,557 | 677,453 |
619,716 |
||
| 12. | Other expenditure | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| UnrecoverableVAT | 2,446 | 2,446 | 3,667 | 3,667 | |
| Bank and finance charges | 953 | 953 | 2,693 | 2,693 | |
| 3,399 | 3,399 | 6,360 | 6,360 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Gains/(losses) on investments | 32,142 | 32,142 | (17,779) | (17,779) | |
| 15. | Auditors remuneration | ||||
| 2024 | 2023 | ||||
| £ | g | ||||
| Fees payable for the audit of the | financial statements | 7,000 | 5,600 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wagesand salaries | 241,776 | 236,265 |
| Social security costs | 17,425 | 20,287 |
| Employercontributions to pension plans | 10,717 |
10,590 |
269,912 |
267,142 |
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Administration | 6 | 6 |
| Marketing | 1 | 1 |
| 7 | 7 | |
| The number of employees whose remuneration for the yearfell within the following bands, were: |
| 2024 | 2023 | |||
|---|---|---|---|---|
| No. | No. | |||
| £60,000 | to | £69,999 | _ | i> |
| Marketing | & | ||||||
|---|---|---|---|---|---|---|---|
| Leasehold | Fixtures and | promotional | Computer | ||||
| improvements | fittings | equipment | equipment | Total | |||
| £ | £ | £ | £ | £ | |||
| Cost | |||||||
| At 1 April 2023 and | |||||||
| 31 March 2024 | 45,284 | 2,116 | 6,500 | 20,399 |
74,299 |
||
| Depreciation | |||||||
| At 1 April 2023 and | |||||||
| 31 March 2024 | 45,284 | 2,116 | 6,500 |
20,399 |
74,299 | ||
| Carrying amount | |||||||
| At 31 March 2024 | - | - | - | - | - | ||
| At 31 March 2023 | _ | - | - | - | - | ||
| 21. | Investments | ||||||
| Listed | |||||||
| investments | |||||||
| £ | |||||||
| Cost orvaluation | |||||||
| At 1 April 2023 | 360,445 | ||||||
| Additions | - | ||||||
| Fair value movements | 32,142 |
||||||
| At 31 March 2024 | 392,587 |
||||||
| Impairment | |||||||
| At 1 April 2023 and 31 | March 2024 | ||||||
| Carrying amount | |||||||
| At 31 March 2024 | 392,587 |
||||||
| At 31 March 2023 | 360,445 |
| 2024 | 2023 | |
|---|---|---|
| £ | ||
| Trade debtors | 14,331 | 269 |
| Prepayments and accrued income | 956 | |
| Other debtors | 3,841 | 4,729 |
| 19,128 | 4,998 |
|
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | ||
| Trade creditors | 5,213 | 2,743 |
| Accruals and deferred income | 35,835 | 41,544 |
| Social security and othertaxes | 4,718 | 5,931 |
| Othercreditors | 8,250 | 14,322 |
| 54,016 | 64,540 | |
| Deferred income | ||
| 2024 | 2023 | |
| At 1 April 2023 Amount released to income Amount deferred in year |
£ 18,451 (18,451) 6,812 |
4,557 (4,557) 18,451 |
| At 31 March 2024 | 6,812 | 18,451 |
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| General funds | 1 Apr2023 £ 501,140 |
Income £ 670,708 |
Expenditure £ (665,671) |
Transfers £ - |
losses £ 32,142 |
31 Mar 2024 £ 538,319 |
| Designated funds | ||||||
| - Grants | 3,000 | 3,000 |
||||
504,140 |
670,708 |
(665,671) |
= | 32,142 |
541,319 |
|
| At | Gains and | At | ||||
| General funds | 1 Apr 2022 £ 526,483 |
Income £ 622,685 |
Expenditure £ (632,679) |
Transfers £ 2,430 |
losses £ (17,779) |
31 Mar 2023 £ 501,140 |
| Designated funds | ||||||
| - Grants | 3,000 | 3,000 |
||||
529,483 |
622,685 |
(632,679) |
2,430 | (17,779) | 504,140 |
| At | Gains and | At | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Apr | 2023 | Income | Expenditure | Transfers | losses | 31 Mar 2024 | ||
| £ | £ | £ | £ | £ | £ | ||||
| Restricted | funds | _ | 26,100 | (26,100) | |||||
| At | Gains and | At | |||||||
| 1 | Apr | 2022 | Income | Expenditure | Transfers | losses | 31 Mar 2023 | ||
| £ | £ | £ | £ | £ | £ | ||||
| Restricted | funds | 2,430 | (2,430) |
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Investments | 392,587 | 392,587 |
| Current assets | 202,748 | 202,748 |
| Creditors less than 1 year | (54,016) |
(54,016) |
| Net assets | 541,319 |
541,319 |
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Investments | 360,445 | 360,445 |
| Current assets | 208,235 | 208,235 |
| Creditors less than 1 year | (64,540) |
(64,540) |
| Net assets | 504,140 |
504,140 |
| At | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| At | 1 | Apr 2023 | Cash flows | 31 Mar | 2024 | ||||||
| £ | £ | £ | |||||||||
| Cash | at | bank | and | in | hand | 203,237 |
(19,617) | 183,620 |