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| Year ended 31 March | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Income from donations | and legacies | ||||||
| Grants | |||||||
| ACE Culture Recovery |
Fund | 67,333 | |||||
| St Albans District Council |
16,000 | ||||||
| Garfield Weston Foundation |
8,333 | 11,667 | |||||
| 8,333 | 95,000 | ||||||
| Donations | |||||||
| General donations | 7,079 | 1,820 | |||||
| Support in Kind - VIDEOfeet |
5,000 | 5,000 | |||||
| 12,079 | 6,820 | ||||||
| 20,412 | 101,820 | ||||||
| Income from charitable | activities | ||||||
| Production/project income |
|||||||
| Our Work | 55,710 | 52,782 | |||||
| Our Masks | 78,509 | 81,903 | |||||
| Our Venue | 100,133 | 68,332 | |||||
| 234,352 | 203,017 | ||||||
| Project specific funding | |||||||
| Grants | |||||||
| ACE project grants | 29,650 | 22,657 | |||||
| StAlbans District Council |
7,846 | 3,950 | |||||
| Herts County Council | 900 | 3,319 | |||||
| Neighbourly Charitable |
Trust | 1,000 | |||||
| Colney Heath Parish Council | 500 | ||||||
| Herts Community Foundation |
4,583 | 1,280 | |||||
| Luton & Beds Community | Foundation | 9,900 | |||||
| Paul Hamlyn Foundation |
53,500 | ||||||
| Royal Opera House | 11,253 | 3,000 | |||||
| 117,632 | 35,706 | ||||||
| 351,984 | 238,723 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Charitable activities |
|||||||
| Production/project | costs | ||||||
| Our Work | |||||||
| Direct Costs | 160,134 | 93,938 | |||||
| Support costs | 42,716 | 202,850 | 68,586 | 162,524 | |||
| Our Masks | |||||||
| Direct Costs | 60,244 | 59,502 | |||||
| Support costs | 18,307 | 78,551 | 29,394 | 88,896 | |||
| Our Venue | |||||||
| Direct Costs | 59,767 | 39,730 | |||||
| Support costs | 61,023 | 120,790 | 97,980 | 137,710 | |||
| 402,191 | 389,130 | ||||||
| Governance costs |
3,056 | 4,000 | |||||
| 405,247 | 393,130 |
| Governance costs |
||
|---|---|---|
| Professional/financial | ||
| Accountancy/consultancy | 3,000 | 4,000 |
| Board expenses | 56 | |
| 3,056 | 4,000 |
| (Limited by Guarantee) | (Limited by Guarantee) | (Limited by Guarantee) | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance Sheet | ||||||||
| 31 March | 2023 | |||||||
| 2023 | 2022 | |||||||
| Notes | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 4,612 | 6,432 | ||||||
| Current assets | ||||||||
| Stocks | 10 | 5,436 | 2,696 | |||||
| Debtors | 11 | 11,704 | 1,522 | |||||
| Cash at bank | and in hand | 81,952 | 123,341 | |||||
| 99,092 | 127,559 | |||||||
| Liabilities | ||||||||
| Creditors: amounts | falling | |||||||
| due within one year | 12 | (29,448) | (26,884) | |||||
| Net current assets | 69,644 | 100,675 | ||||||
| Total assets | less current | |||||||
| liabilities | 74,256 | 107,107 | ||||||
| The funds ofthe charity: | ||||||||
| Unrestricted | funds | 15 | ||||||
| General fund |
16,706 | 51,974 | ||||||
| Designated funds |
50,000 | 50,000 | ||||||
| 66,706 | 101,974 | |||||||
| Restricted income funds |
16 | 7,550 | 5,133 | |||||
| Total charity | funds | 74,256 | 107,107 |
| Notes to the Financial Statements | ||
|---|---|---|
| for the year ended 31 March 2023 | ||
| Allocation ofsupport costs and overheads | 2023 f |
2022 f |
| Cost type | ||
| Indirect wages costs | 44,117 | 61,830 |
| Equipment/maintenance | 32,370 | 12,353 |
| Office costs | 5,887 | 678 |
| Recruitment cost |
39 | |
| Telephone | 1,668 | 1,789 |
| Staff costs | 399 | 358 |
| Premises costs | 15,623 | 15,945 |
| Subscriptions/licences | 17 | 66 |
| Insurance | 11,215 | 10,648 |
| Marketing/PR | 503 | 465 |
| IT/payroll support |
2,130 | 2,116 |
| HR Support | 899 | 804 |
| Bank charges | 2,207 | 1,696 |
| Legal expenses | 2,250 | 13 |
| Consultancy fees |
2,310 | |
| Depreciation | 2,722 | 84,889 |
| 122,046 | 195,960 |
| 2023 f |
2022f | |||
|---|---|---|---|---|
| Our Work | 42,716 | 68,586 | ||
| Our Masks | 18,307 | 29,394 | ||
| Our Venue | 61,023 | 97,980 | ||
| 122,046 | 195,960 | |||
| Net income/(expenditure) | for the year is | 2023 | 2022 | |
| stated after | charging: | F | ||
| Depreciation | of tangible | fixed assets | 2,722 | 84,889 |
| Independent | Examiner's | remuneration: | ||
| - independent | examination | 3,000 | 3,000 | |
| -other services | 1,000 |
| Staff costs and numbers | 2023 | 2022 |
|---|---|---|
| f | F | |
| Staff costs | ||
| Salaries and wages | 196,666 | 184,066 |
| Social security costs | 10,589 | 9,523 |
| Pension contributions | 5,462 | 5,228 |
| 212,717 | 198,817 |
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| 10 | 10 |
| 9. | Fixed assets | -tangible assets | Long | Fixturesl | |
|---|---|---|---|---|---|
| leasehold | fittlngsf | Total | |||
| property f |
equipment | ||||
| Cost | |||||
| 1 April 2022 | 1,595,362 | 249,358 | 1,844,720 | ||
| Additions | 902 | 902 | |||
| 31 March 2023 | 1,595,362 | 250,260 | 1,845,622 | ||
| Depreciation | |||||
| 1 April 2022 Charge for year |
1,595,362 | 242,926 2,722 |
1,838,288 2,722 |
||
| 31 March 2023 | 1,595,362 | 245,648 | 1,841,010 | ||
| Net book values | |||||
| 31 March 2023 | 4,612 | 4,612 | |||
| 31 March 2022 | 6,432 | 6,432 | |||
| 10. | Stocks | 2023 f |
2022 f |
||
| Stocks | 5,436 | 2,696 | |||
| 11. | Debtors | 2023 f |
2022f | ||
| Trade debtors | 6,019 | 134 | |||
| Other debtors | 910 | ||||
| Prepayments | and accrued income | 5,685 | 478 | ||
| 11,704 | 1,522 |
| 12. | Creditors: amounts within one year |
Creditors: amounts within one year |
Creditors: amounts within one year |
falling | due | 2023 6 |
2022 f |
|---|---|---|---|---|---|---|---|
| Trade creditors | 5,054 | 5,326 | |||||
| Other taxation/social | security | 86 | 4,957 | ||||
| Other creditors | 3,788 | ||||||
| Accruals | 4,020 | 10,601 | |||||
| Deferred | income | (note 13) | 16,500 | 6,000 | |||
| 29,448 | 26,884 | ||||||
| 13. | Deferred | income | |||||
| Balance | at 1 April | 2022 | 6,000 | ||||
| Amount | released | to | incoming | resources | (6,000) | ||
| Amount | deferred | in the year | 16,500 | ||||
| Balance | at 31 March 2023 | 16,500 |
| Unrestricted funds |
Unrestricted funds |
Brought | Incoming | Outgoing | Carried |
|---|---|---|---|---|---|
| forward | resources | resources | forward | ||
| 5 | f | f | |||
| General | fund | 51,974 | 254,764 | (290,032) | 16,706 |
| Designated funds: |
|||||
| Running | costs reserve | 30,000 | 30,000 | ||
| Building | repairs reserve | 20,000 | 20,000 | ||
| 101,974 | 254,764 | (290,032) | 66,706 |
| 17. | Analysis of net assets between funds | ||||
|---|---|---|---|---|---|
| General | Designated | Restricted | Total | ||
| funds | funds | funds | |||
| F | F | E | 6 | ||
| Fund balances at 31 March 2023 | |||||
| are represented by: |
|||||
| Tangible fixed assets | 4,612 | 4,612 | |||
| Net current assets | 12,094 | 50,000 | 7,550 | 69,644 | |
| 16,706 | 50,000 | 7,550 | 74,256 |