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|Trustees||Andrew
Griffiths|||||
|---|---|---|---|---|---|---|
|||Chinemerem
McDonald|||||
|||Marika Rose|||||
|||Graham
Wilson|||||
|||Benjamin
Solanky|||||
|||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|||||
|||Jesmond|||||
|||Newcastle
Upon Tyne|||||
|||Tyne and Wear|||||
|||England|||||
|||NE2 1TJ|||||
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|||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|
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|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|
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|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|
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|||||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|
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||||||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|
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|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|
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|||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|
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||||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|
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|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|
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|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|
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|||||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|
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||||||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)||
##
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||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)|