| Trustees | Andrew Griffiths |
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|---|---|---|---|---|---|---|
| Chinemerem McDonald |
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| Marika Rose | ||||||
| Graham Wilson |
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| Benjamin Solanky |
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| Rev David Tomlinson | ||||||
| Georgia Latchmore | ||||||
| Molly Boot | ||||||
| Liz Chapman | ||||||
| Katie Roberts | ||||||
| Nicholas Gretton |
(Appointed | 16July 2022) | ||||
| Sam Pittam-Smith | (Appomted | 25 November | ||||
| 2022) | ||||||
| Secretary | G Bentley | |||||
| Charity number | 289372 | |||||
| Company | number | 01812893 | ||||
| Registered | office | The Nest, Church | House | |||
| 86 Tavistock Place | ||||||
| Kings Cross | ||||||
| London | ||||||
| WC1H 9RT | ||||||
| Auditor | Robson Laidler Accountants | Limited | ||||
| Fernwood House |
||||||
| Fernwood Road |
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| Jesmond | ||||||
| Newcastle Upon Tyne |
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| Tyne and Wear | ||||||
| England | ||||||
| NE2 1TJ |
| Page | ||
|---|---|---|
| Trustees' report |
1-7 | |
| Independent auditor's |
report | 8-10 |
| Statement of financial |
activities | 11-12 |
| Balance sheet | 13 | |
| Statement of cash flows |
14 | |
| Notes to the financial | statements | 15-24 |
| Current financial year | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | ||||||
| Income and endowments | from' | |||||
| Donations and legacies |
2 | 584,814 | 71,573 | 656,387 | 487,398 | |
| Charitable activities |
3 | 849,626 | 849,626 | 115,936 | ||
| Other trading activities |
4 | 335,392 | 335,392 | 12,715 | ||
| Investments | 5 | 203,192 | 203,192 | 198,944 | ||
| Other income | 41,667 | |||||
| Total income | 1,973,024 | 71,573 | 2,044,597 | 856,660 | ||
| ~E* dtt |
||||||
| Raising funds | 6 | 276,705 | 276,705 | 159,624 | ||
| Charitable activities |
7 | 1,770,443 | 67,573 | 1,838,016 | 569,918 | |
| Total expenditure | 2,047,148 | 67,573 | 2,114,721 | 729,542 | ||
| Net (expenditure)/income | for the year/ | |||||
| Net movement in funds |
(74,124) | 4,000 | (70,124) | 127,118 | ||
| Fund balances at 1 January |
2022 | 411,448 | 411,448 | 284,330 | ||
| Fund balances at 31 December 2022 | 337,324 | 4,000 | 341,324 | 411,448 |
| Prior financial | year | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2021 | 2021 | 2021 | ||||
| Notes | F | |||||
| Income and endowments | from | |||||
| Donations and |
legacies | 484,248 | 3,150 | 487,398 | ||
| Charitable activities |
115,936 | 115,936 | ||||
| Other trading activities |
12,715 | 12,715 | ||||
| Investments | 198,944 | 198,944 | ||||
| Other income | 41,667 | 41,667 | ||||
| Total income | 853,510 | 3,150 | 856,660 | |||
| ~Edit | ||||||
| Raising funds | 6 | 159,624 | 159,624 | |||
| Charitable activities |
7 | 566,768 | 3,150 | 569,918 | ||
| Total expenditure | 726,392 | 3,150 | 729,542 | |||
| Net (expenditure)/income | for the year/ | |||||
| Net movement | in funds | 127,118 | 127,118 | |||
| Fund balances | at 1 January | 2021 | 284,330 | 284,330 | ||
| Fund balances | at 31 December 2021 | 411,448 | 411,448 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | ||||||
| Fixed assets | |||||||
| Tangible assets | 34,269 | 39,771 | |||||
| Current assets | |||||||
| Debtors | 12 | 144,313 | 69,315 | ||||
| Cash at bank and | in | hand | 496,376 | 896,705 | |||
| 640,689 | 966,020 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | 13 | (333,634) | (594,343) | ||||
| Net current assets | 307,055 | 371,677 | |||||
| Total assets less | current liabilities | 341,324 | 411,448 | ||||
| Income funds | |||||||
| Restricted funds |
15 | 4,000 | |||||
| Unrestricted funds |
337,324 | 411,448 | |||||
| 341,324 | 411,448 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 6 | 8 | ||||||
| Cash flows from operating | activities | |||||||
| Cash absorbed by operations |
19 | (600,231) | (107,805) | |||||
| Investing | activities | |||||||
| Purchase | oftangible fixed |
assets | (3,290) | (3,622) | ||||
| Investment | income received | 203,192 | 198,944 | |||||
| Net cash | generated from |
investing | ||||||
| activities | 199,902 | 195,322 | ||||||
| Net cash | used in financing |
activities | ||||||
| Net (decrease)/increase | in | cash and | cash | |||||
| equivalents | (400,329) | 87,517 | ||||||
| Cash and | cash equivalents | at beginning | ofyear | 896,705 | 809,188 | |||
| Cash and | cash equivalents | at end of | year | 496,376 | 896,705 |
| 2 | Donations and |
legacies | (Continued) | |||||
|---|---|---|---|---|---|---|---|---|
| Donations and |
gifts | |||||||
| Greenbelt angels | 404,564 | 404,564 | 402,977 | 402,977 | ||||
| Donations and |
||||||||
| fundraising | 39,250 | 39,250 | 81,271 | 81,271 | ||||
| Trust greenbelt | 28,395 | 28,395 | 3,150 | 3,150 | ||||
| Environmental | levy | 5,203 | 5,203 | |||||
| 443,814 | 33,598 | 477,412 | 484,248 | 3,150 | 487,398 | |||
| Grants receivable for | ||||||||
| core activities | ||||||||
| Pickwell Foundation | 15,000 | 15,000 | ||||||
| Arts Council | 14,975 | 14,975 | ||||||
| Westhill Endowment |
8,000 | 8,000 | ||||||
| 37,975 | 37,975 |
| Charitable | Charitable | ||
|---|---|---|---|
| activities | activities | ||
| 2022 F |
2021f | ||
| Ticket | income | 849,626 | 115,936 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| F | f | ||
| Greenbelt | trading | 335,392 | 12,715 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| 6 | |||
| Rental | income | 203,140 | 198,900 |
| Interest | receivable | 52 | 44 |
| 203,192 | 198,944 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022f | 2021 | ||
| Fundraisin and |
ublicit | ||
| Direct fundraising | costs | 9,589 | 8,339 |
| 7TCh | |||
| NEST expenditure | 157,873 | 135,549 | |
| Trading costs and | costs ofgoods sold | 109,243 | 15,736 |
| Trading costs | 267,116 | 151,285 | |
| 276,705 | 159,624 |
| Charitable | Charitable | |||
|---|---|---|---|---|
| activities | activities | |||
| 2022f | 2021 f |
|||
| Festival | delivery | 806,992 | 123,073 | |
| Festival | operations | costs | 265,767 | 59,137 |
| Festival | content | 223,841 | 24,750 | |
| Festival | marketing | costs | 27,993 | 6,913 |
| Other festival costs | 56,432 | 3,781 | ||
| Volunteer | support | 6,848 | 307 | |
| Trust greenbelt expenditure |
28,395 | 3,150 | ||
| Environmental levy |
5,203 | |||
| 1,421,471 | 221,111 | |||
| Share of | support costs (see note 8) | 416,545 | 348,807 | |
| 1,838,016 | 569,918 | |||
| Analysis | by fund | |||
| Unrestricted funds |
1,770,443 | 566,768 | ||
| Restricted funds |
67,573 | 3,150 | ||
| 1,838,016 | 569,918 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | ||
| costs | costs | costs | costs | ||||
| 6 | 8 | ||||||
| Staff costs | 372,436 | 372,436 | 320,786 | 320,786 | |||
| Office costs | 27,406 | 27,406 | 11,656 | 11,656 | |||
| Legal and | professional | ||||||
| fees | 12,953 | 12,953 | 12,615 | 12,615 | |||
| Audit fees | 3,750 | 3,750 | 3,750 | 3,750 | |||
| 416,545 | 416,545 | 348,807 | 348,807 | ||||
| Analysed | between | ||||||
| Charitable | activities | 416,545 | 416,545 | 348,807 | 348,807 |
| Administration | |
|---|---|
| Employment | costs |
| Wages and salaries |
| 2022 | 2021 |
|---|---|
| Number | Number |
| 2022 E |
2021f |
| 372,436 | 320,786 |
| Fixtures and | Computers | Total | ||||
|---|---|---|---|---|---|---|
| fittings | ||||||
| 6 | ||||||
| Cost | ||||||
| At | 1 January | 2022 | 56,523 | 6,813 | 63,336 | |
| Additions | 3,290 | 3,290 | ||||
| At | 31 December 2022 | 56,523 | 10,103 | 66,626 | ||
| Depreciation | and impairment | |||||
| At | 1 January | 2022 | 20,263 | 3,301 | 23,564 | |
| Depreciation | charged | in the year | 5,459 | 3,334 | 8,793 | |
| At | 31 December 2022 | 25,722 | 6,635 | 32,357 | ||
| Carrying amount |
||||||
| At | 31 December 2022 | 30,801 | 3,468 | 34,269 | ||
| At | 31 December 2021 | 36,260 | 3,511 | 39,771 |
| 12 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Amounts falling due |
within one year: | |||||
| Trade debtors | 12,435 | 2,891 | ||||
| Prepayments | and accrued income | 131,878 | 66,424 | |||
| 144,313 | 69,315 | |||||
| 13 | Creditors: amounts | falling due within | one year | |||
| 2022 | 2021 | |||||
| f | ||||||
| Other taxation | and social security | 59,111 | 15,704 | |||
| Trade creditors | 9,407 | 2,574 | ||||
| Other creditors | 2,728 | 3,809 | ||||
| Accruals and deferred | income | 262,388 | 572,256 | |||
| 333,634 | 594,343 |
| 2022 | 2021 | |
|---|---|---|
| Within one year | 163,000 | 111,000 |
| Between two and five years | 407,250 | |
| 570,250 | 111,000 |
| Movement | in funds | |||||
|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | |||
| 1January | 2022 | resources | expended | 31 December | ||
| 2022 | ||||||
| Trust greenbelt | fund | 28,395 | (28,395) | |||
| Environmental | levy fund | 5,203 | (5,203) | |||
| The Hothouse | venue fund | 15,000 | (15,000) | |||
| Westhill fund |
8,000 | (4,000) | 4,000 | |||
| Playhouse Theatre fund |
14,975 | (14,975) | ||||
| 71,573 | (67,573) | 4,000 |
| Movement in funds |
Movement in funds |
|||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Balance at January 2022 |
Incoming resources |
Resources expended |
Transfers | Balance at 31 December |
|||
| 2022 | ||||||||
| Z | ||||||||
| NEST | fund | 203,140 | (157,873) | (45,267) | ||||
| 203,140 | (157,873) | (45,267) |
| There were no disclosable related party |
There were no disclosable related party |
There were no disclosable related party |
tra | nsactions d |
uring the year (2021 |
—none). | ||
|---|---|---|---|---|---|---|---|---|
| 19 | Cash generated from operations |
2022 | 2021 | |||||
| f | ||||||||
| (Deficit)/surpus for the year |
(70,124) | 127,118 | ||||||
| Adjustments for: |
||||||||
| Investment income recognised Depreciation and impairment |
of | in statement offinancial tangible fixed assets |
activities | (203,192) 8,792 |
(198,944) 7,707 |
|||
| Movements in working capital: |
||||||||
| (Increase) in debtors (Decrease) in creditors |
(74,998) (260,709) |
(37,954) (5,732) |
||||||
| Cash absorbed by operations |
(600,231) | (107,805) |