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||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|
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||||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
|
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|||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
|
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||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
|
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|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|
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||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|
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|||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
|
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|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2023|
|||£|£|£|
|Boxoffice/other|events|349,110||349,110|
|Grants||26,591
||26,591
|
|||375,701
||375,701
|
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||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
|
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||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|
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||||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
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|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|
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|||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|
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||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>|
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|||||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
|
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||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|
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||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
|
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|||||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)|||
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||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
||
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