REGISTERED COMPANY NUMBER: 02163378 (England and Wales) REGISTERED CHARITY NUMBER: 298436
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Prime Theatre
Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
Prime Theatre
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 16 |
Prime Theatre (Registered number: 02163378)
Report of the Trustees for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
As set out in the charity's governing document the charity's objectives are:
To promote, maintain, improve, and advance public education, appreciation and understanding of the arts, particularly by the formulation, preparation, establishment and production of educational plays, festivals and production.
The principal activity of the charity is a theatre company. The charity uses the medium of drama to educate young people about social issues which directly affect their lives.
Public benefit
The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.
Prime Theatre advances education, understanding, inclusion and artistic skills development though the making of theatre. By specialising in theatre and theatre-making projects for children and young adults, Prime Theatre celebrates, inspires and challenges young people to secure the best possible future for us all. We give voice to a major and often-unheard section of our society and work to promote their health and happiness.
Page 1
Prime Theatre (Registered number: 02163378)
Report of the Trustees for the Year Ended 31 March 2022
ACHIEVEMENT AND PERFORMANCE
Trustees and staff planned a careful programme of work in this, protective of our strong reserves and expecting that nether the world nor the children we serve in it would bounce back to normality after Covid-19. We remained responsive to partnership and fundraising opportunities, optimising the reach of our public funds and the positive difference they can make to children and young people.
We developed our digital engagement with young audiences, artists and participants. We ran a mixed programme of activity, online and in person where Covid, safeguarding and premises allowed. We moved back into our home at the Wyvern Theatre in Sept 21 after a temporary residency at The White Horse Federation of Schools Central Office.
We are grateful to a wide range of funders, especially Arts Council England who remained our largest funder as part of its National Portfolio.
Swindon Borough Council entered our funding income again with a direct commission for a new Creative Arts Programme (CAP), referring young people from priority groups (e.g., Care Leavers) to our activities for improvements in mental health, education and employment prospects. The number and diversity of qualifications delivered through CAP secured our second year as a National Arts Award Champion Centre. Several participants received awards for their achievements in this area. We intend for this strand to become central to our charitable objectives and mission: engaging young people with arts and education, especially those from underserved communities.
Professional productions:
-
10 Tiny Plays About Wiltshire: A community project with BBC Radio Wiltshire completed its development stage with writers from the community in early 2020, but recording and transmission were completed in 21-22
-
Windrush: A second year of education activity online and in schools both on Windrush Day (26 June) and Black History Month (October)
-
Mine Own True Self: A Heritage Female Engineers project encouraging primary pupils to create their own inventions and to deepen engagement in science was produced with STEAM: Museum of Railway Life. 5 short films, featuring professional actors and primary pupils were filmed for a teaching resource
Youth productions and theatre training:
-
Youth theatre workshops for actors, when possible, were delivered in person from our temporary base. Numbers and the mixing of age groups were dramatically affected by social distancing measures and new regulations preventing under 16s from mixing with those over this age
-
Youth Theatre benefited from Prime being a partner in LAMDA's Pathways Programme encouraging young creatives into formal training. They experienced free workshops alongside two sixth form colleges
-
We joined an international programme for young LGBTQ+ creatives; 4 Nations - in partnership with youth organisations in Scotland, France, Germany and Canada - Special Education Needs Youth Theatre Workshops ran online and in person where possible funded by Children In Need
Education and Community Programme:
-
Paul Hamlyn Teacher Development Project: This two-year project became a three-year strategy due to Covid. 20 teachers across 8 primaries, continued a series of Active Learning skills developments. Schools reported an increase in creativity across the curriculum, increased confidence and efficacy in teachers and a timely positive impact on the mental health and engagement of pupils within the programme. Schools began individual development projects & activities designed by teachers, supported by Prime and across a wide range of art forms. Schools had a range of performances, visual arts weeks, music projects, creative writing & performance poetry events
-
Rock at the Rocks: We assisted one of our Paul Hamlyn schools in securing additional funds from the Armed Forces Community Covenant to create an outdoor performance at Stonehenge mixing history with performance
Access for All:
-We continued to use restricted funds to support vulnerable children and close the education gap which increased during and after Covid-19
-We continued to support D/deaf children throughout our funded programmes from Postcode Lottery and Wiltshire Community Fund
-Wiltshire Community Fund and #IWill supported our Young Arts Leaders strand building leadership skills and youth voice: this group designed, delivered and commissioned professional artists across a series of free to access online events for children and families
-
Prime took a supportive peer development with SAPAC (South Asian Performing Arts Centre) as they engaged in a long creative and community engagement project increasing access, opportunity and representation in Swindon
-
We secured £50k of Levelling Up capital funding to support Arts Award qualifications in areas of low activity and used this to purchase a new van, creative and technical resources to use in specific communities
Page 2
Prime Theatre (Registered number: 02163378)
Report of the Trustees for the Year Ended 31 March 2022
FINANCIAL REVIEW Financial position
At 31 March 2022, total funds were £323,850.
Prime ended the financial year 2021-22 with a large amount of Restricted Funds of £104,033 that were secured to deliver key projects. These funds will be spent as planned and in accordance with funding agreements.
Designated Funds remain held at agreed levels to meet any appropriate redundancy costs and fees related to any business closure.
Reserves policy
The trustees are committed to building reserves that would enable the charity to fulfil its obligations, statutory and otherwise, in the event of a cessation of operations. At 31 March 2022 the trustees had designated funds of £75,000 to meet this objective. A designated fund of £15,000 has also been made for emergency replacement of equipment and programming contingency. Total unrestricted funds were £129,817 which includes £35,993 of tangible fixed assets. The amount of free reserves held (excluding restricted funds, designated funds and tangible fixed assets) are £93,824. These funds are in excess of our policy. The trustees acknowledge that with the proposed development of a new cultural quarter in Swindon the charity may need to move premises. These excess reserves will allow the charity to cover the financial costs of any move.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
Day to day management of the charity's affairs is delegate to the Management Team, comprising professional advisors and administrators.
Induction and training of new trustees
The charity provides an induction pack and appropriate training for new trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
In satisfaction of this responsibility, the charity has prepared a Three Year Plan that identifies issues, many of them financial, which might impair the fulfilment of the charity's objectives, unless countered successfully. The Three Year Plan is reviewed annually.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02163378 (England and Wales)
Registered Charity number
298436
Registered office
The Wyvern Theatre Theatre Square Swindon SN1 1QN
Page 3
Prime Theatre (Registered number: 02163378)
Report of the Trustees for the Year Ended 31 March 2022
Trustees
Emma Carter Jamila Gavin Sharon Hodge Pete Horwat Sue Welsh (resigned 9.8.22) Pauline Scott-Garrett Jacob Tyrrell Ben Newbury (resigned 15.3.22) Erin Fletcher-Rowbotham (appointed 13.9.22) Nick Capstick Laura Goulden John Pfumojena Lau Batty Jade Bennett
Company Secretary Sarah Wrixon
Independent Examiner
James Gare DChA FCA Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
Approved by order of the board of trustees on 15 December 2022 and signed on its behalf by:
P Horwat - Trustee
Page 4
Independent Examiner's Report to the Trustees of Prime Theatre
Independent examiner's report to the trustees of Prime Theatre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of DChA FCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Gare DChA FCA Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
16 December 2022
Page 5
Prime Theatre
Statement of Financial Activities
for the Year Ended 31 March 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 119,002 Charitable activities Professional performances 54,614 Youth Theatre 3,757 Outreach & education 35,309 Other trading activities 4 - Investment income 5 19 Total 212,701 EXPENDITURE ON Charitable activities 7 Professional performances 5,687 Youth Theatre 20,600 Outreach & education 150,936 Total 177,223 NET INCOME 35,478 Transfers between funds 18 50,000 Net movement in funds 85,478 RECONCILIATION OF FUNDS Total funds brought forward 134,339 TOTAL FUNDS CARRIED FORWARD 219,817 |
Restricted funds £ 164,085 - - - - - 164,085 - 22,404 69,631 92,035 72,050 (50,000) 22,050 81,983 104,033 |
2022 Total funds £ 283,087 54,614 3,757 35,309 - 19 376,786 5,687 43,004 220,567 269,258 107,528 - 107,528 216,322 323,850 |
2021 Total funds £ 256,457 10,298 6,754 4,810 500 259 |
|---|---|---|---|
| 279,078 | |||
| 20,068 19,959 180,943 |
|||
| 220,970 | |||
| 58,108 - |
|||
| 58,108 158,214 |
|||
| 216,322 |
The notes form part of these financial statements
Page 6
Prime Theatre (Registered number: 02163378)
| Balance Sheet 31 March 2022 Notes FIXED ASSETS Tangible assets 14 CURRENT ASSETS Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 £ 35,993 23,114 276,759 299,873 (12,016) 287,857 323,850 323,850 219,817 104,033 323,850 |
2021 £ 6,785 9,773 213,804 |
|---|---|---|
| 223,577 (14,040) |
||
| 209,537 | ||
| 216,322 | ||
| 216,322 | ||
| 134,339 81,983 |
||
| 216,322 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 15 December 2022 and were signed on its behalf by:
P Horwat - Trustee
The notes form part of these financial statements
Page 7
Prime Theatre
Notes to the Financial Statements for the Year Ended 31 March 2022
1. STATUTORY INFORMATION
Prime Theatre is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address can be found in the Trustees' Report.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.
There are no significant areas of judgements or key sources of estimation uncertainty.
Going Concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken exemption from preparing a cash flow statement under the charities SORP (FRS 102) as the charity constitutes a small charity.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stage and office equipment - 20% on straight line basis Motor vehicles - 20% on straight line basis
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
continued...
Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial risk management
The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the trustees annual report for information on how risks are managed. The charity does not have any non basic financial instruments.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
3. DONATIONS AND LEGACIES
| Donations Gift aid Grants |
2022 £ 397 - 282,690 283,087 |
2021 £ 1,483 351 254,623 |
|---|---|---|
| 256,457 |
Grants received, included in the above, are as follows:
| Arts Council Other grants Swindon Borough Council Wiltshire Community Foundation Children in Need Paul Hamlyn Foundation Arts Award Church Urban Fund People's Postcode Lottery Community Lottery Creative Access |
2022 £ 89,555 18,250 74,300 25,695 59,890 - - 15,000 - - - 282,690 |
2021 £ 89,555 - - 16,758 2,925 90,000 385 9,000 11,000 30,000 5,000 |
|---|---|---|
| 254,623 |
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continued...
Prime Theatre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
4. OTHER TRADING ACTIVITIES
| 2022 £ Shop income - INVESTMENT INCOME 2022 £ Deposit account interest 19 INCOME FROM CHARITABLE ACTIVITIES 2022 Activity £ Professional productions - ticket sales and other income Professional performances 6,210 Grants Professional performances 48,404 Youth Theatre activities - workshop and other income Youth Theatre 3,757 Outreach & education activity - workshops and other income Outreach & education 35,309 93,680 Grants received, included in the above, are as follows: 2022 £ Coronavirus Job Retention Scheme 4,796 Kickstart 43,608 48,404 CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 8) £ £ Professional performances 1,464 4,223 Youth Theatre 13,059 29,945 Outreach & education 66,725 153,842 81,248 188,010 SUPPORT COSTS Governance Management costs £ £ Professional performances 4,186 37 Youth Theatre 29,618 327 Outreach & education 152,171 1,671 185,975 2,035 |
2021 £ 500 2021 £ 259 2021 £ 5,547 4,751 6,754 4,810 21,862 2021 £ 4,751 - 4,751 Totals £ 5,687 43,004 220,567 |
2021 £ 500 2021 £ 259 2021 £ 5,547 4,751 6,754 4,810 |
|---|---|---|
| 21,862 | ||
| 2021 £ 4,751 - |
||
| 4,751 | ||
| 269,258 | ||
| Totals £ 4,223 29,945 153,842 |
||
| 188,010 |
5. INVESTMENT INCOME
6. INCOME FROM CHARITABLE ACTIVITIES
7. CHARITABLE ACTIVITIES COSTS
8. SUPPORT COSTS
Page 10
continued...
Prime Theatre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 12,546 | 3,003 |
| Accountancy and Independent Examination | 2,031 | 1,321 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
11. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs |
2022 £ 134,130 5,476 2,750 142,356 |
2021 £ 111,206 7,146 2,567 |
| 120,919 |
Key management personnel for the charity comprises the Chief Executive and the trustees. The total employee benefits for key management personnel of the charity were £51,141 (2021 - £51,266).
The average monthly number of employees during the year was as follows:
| Management team Artists Creative Arts and Arts admin assistants |
2022 2 2 5 9 |
2021 2 2 - |
|---|---|---|
| 4 |
No employees received emoluments in excess of £60,000.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 110,389 Charitable activities Professional performances 10,298 Youth Theatre 6,754 Outreach & education 4,810 Other trading activities 500 Investment income 259 Total 133,010 EXPENDITURE ON Charitable activities Professional performances 18,068 |
Restricted funds £ 146,068 - - - - - 146,068 2,000 |
Total funds £ 256,457 10,298 6,754 4,810 500 259 |
|---|---|---|
| 279,078 | ||
| 20,068 |
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continued...
Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted Restricted Total funds funds funds £ £ £ Youth Theatre 9,910 10,049 19,959 Outreach & education 49,324 131,619 180,943 Total 77,302 143,668 220,970 NET INCOME 55,708 2,400 58,108 RECONCILIATION OF FUNDS Total funds brought forward 78,631 79,583 158,214 TOTAL FUNDS CARRIED FORWARD 134,339 81,983 216,322 13. GOVERNMENT GRANT INCOME 2022 2021 £ £ Arts Council England 89,555 89,555 Swindon Borough council 74,300 - National Lottery - 30,000 H M Revenue and Customs (CJRS + Kickstart) 56,774 4,751 |
Unrestricted Restricted Total funds funds funds £ £ £ Youth Theatre 9,910 10,049 19,959 Outreach & education 49,324 131,619 180,943 Total 77,302 143,668 220,970 NET INCOME 55,708 2,400 58,108 RECONCILIATION OF FUNDS Total funds brought forward 78,631 79,583 158,214 TOTAL FUNDS CARRIED FORWARD 134,339 81,983 216,322 13. GOVERNMENT GRANT INCOME 2022 2021 £ £ Arts Council England 89,555 89,555 Swindon Borough council 74,300 - National Lottery - 30,000 H M Revenue and Customs (CJRS + Kickstart) 56,774 4,751 |
Restricted funds £ 10,049 131,619 143,668 2,400 79,583 81,983 |
Total funds £ 19,959 180,943 |
|---|---|---|---|
| 220,970 | |||
| 58,108 158,214 |
|||
| 216,322 | |||
| 2022 2021 |
|||
| £ £ |
|||
| 89,555 89,555 |
|||
| 74,300 - |
|||
| - 30,000 |
|||
| 56,774 4,751 |
|||
There were no unfulfilled conditions or other contingencies attached to these grants. The charity has not directly benefited from any other forms of government assistance.
14. TANGIBLE FIXED ASSETS
| Stage and office equipment £ COST At 1 April 2021 44,541 Additions 23,504 At 31 March 2022 68,045 DEPRECIATION At 1 April 2021 38,756 Charge for year 8,896 At 31 March 2022 47,652 NET BOOK VALUE At 31 March 2022 20,393 At 31 March 2021 5,785 |
Motor vehicles £ 8,258 18,250 26,508 7,258 3,650 10,908 15,600 1,000 |
Totals £ 52,799 41,754 |
|---|---|---|
| 94,553 | ||
| 46,014 12,546 |
||
| 58,560 | ||
| 35,993 | ||
| 6,785 |
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Prime Theatre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments and accrued income 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes VAT Deferred income Accrued expenses 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds £ Fixed assets 35,993 Current assets 195,840 Current liabilities (12,016) 219,817 18. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 100,275 Designated fund - core costs and redundancy costs 34,064 Designated fund - Emergency replacement of equipment and programming contingency - 134,339 Restricted funds Youth Theatre 9,392 Science Project 5,340 Teacher Development 52,040 Deaf Project 9,295 Looked After 385 Windrush 3,000 £Iwill 2,531 Safer Streets - Rocks project - 4Nations - Young leaders - Creative Arts - DCMS Youth Investment Fund - 81,983 TOTAL FUNDS 216,322 |
Restricted funds £ - 104,033 - 104,033 Net movement in funds £ 35,478 - - 35,478 (6,254) 10,835 (26,805) (9,295) (385) (3,000) (2,531) 25,500 7,475 4,500 4,250 17,760 50,000 72,050 107,528 |
2022 £ 21,388 1,726 23,114 2022 £ 2,079 1,365 - 8,572 12,016 2022 Total funds £ 35,993 299,873 (12,016) 323,850 Transfers between funds £ (5,936) 40,936 15,000 50,000 - - - - - - - - - - - - (50,000) (50,000) - |
2021 £ 7,914 1,859 9,773 2021 £ 2,721 1,092 6,720 3,507 14,040 2021 Total funds £ 6,785 223,577 (14,040) 216,322 At 31.3.22 £ 129,817 75,000 15,000 219,817 3,138 16,175 25,235 - - - - 25,500 7,475 4,500 4,250 17,760 - 104,033 323,850 |
|---|---|---|---|
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continued...
Prime Theatre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 212,701 | (177,223) | 35,478 |
| Restricted funds | |||
| Youth Theatre | 9,890 | (16,144) | (6,254) |
| Science Project | 17,500 | (6,665) | 10,835 |
| Teacher Development | - | (26,805) | (26,805) |
| Deaf Project | 3,195 | (12,490) | (9,295) |
| Looked After | - | (385) | (385) |
| Windrush | 15,000 | (18,000) | (3,000) |
| £Iwill | - | (2,531) | (2,531) |
| Safer Streets | 30,000 | (4,500) | 25,500 |
| Rocks project | 9,700 | (2,225) | 7,475 |
| 4Nations | 4,500 | - | 4,500 |
| Young leaders | 5,000 | (750) | 4,250 |
| Creative Arts | 19,300 | (1,540) | 17,760 |
| DCMS Youth Investment Fund | 50,000 | - | 50,000 |
| 164,085 | (92,035) | 72,050 | |
| TOTAL FUNDS | 376,786 | (269,258) | 107,528 |
Comparatives for movement in funds
| Unrestricted funds General fund Designated fund - core costs and redundancy costs Restricted funds Youth Theatre Science Project Teacher Development Deaf Project Looked After Save a Friend - County Lines Project Windrush £Iwill TOTAL FUNDS |
At 1.4.20 £ 44,567 34,064 78,631 15,366 - 59,022 3,195 - 2,000 - - 79,583 158,214 |
Net movement in funds £ 55,708 - 55,708 (5,974) 5,340 (6,982) 6,100 385 (2,000) 3,000 2,531 2,400 58,108 |
At 31.3.21 £ 100,275 34,064 |
|---|---|---|---|
| 134,339 9,392 5,340 52,040 9,295 385 - 3,000 2,531 |
|||
| 81,983 | |||
| 216,322 |
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continued...
Prime Theatre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Theatre Science Project Teacher Development Deaf Project Looked After Save a Friend - County Lines Project Community Lottery Children In Need Creative Access Windrush £Iwill TOTAL FUNDS |
Incoming resources £ 133,010 - 8,786 70,000 15,195 385 - 30,000 2,925 5,000 9,000 4,777 146,068 279,078 |
Resources Movement expended in funds £ £ (77,302) 55,708 (5,974) (5,974) (3,446) 5,340 (76,982) (6,982) (9,095) 6,100 - 385 (2,000) (2,000) (30,000) - (2,925) - (5,000) - (6,000) 3,000 (2,246) 2,531 (143,668) 2,400 (220,970) 58,108 |
|---|---|---|
Designated funds:
Core costs and redundancy costs - a fund has been set up to designate 3 months of core costs plus redundancy costs.
Emergency replacement of equipment and programming contingency - a fund has been set up to designate . costs for the emergency replacement of equipment and programming contingency.
Restricted funds:
Youth theatre - various donations received to help young people take part in youth theatre.
Science project - a Wiltshire Community Foundation grant to fund the animation of Science & Engineering in Swindon schools
Deaf project - funding received from WCF, Persimmons homes, Postcode Lottery and the Mericos Foundation for activities and access for Dead children and young people
Teacher development - funding from Paul Hamlyn Foundation
Looked after - funding for looked after children to complete Arts Awards
Community Lottery - Funding for Arts Awards projects for vulnerable young people
Children in Need - Funding for Inclusive Youth Theatre
Creative access - Funding for Creative Participation Producer (to support talent from under represented groups to work in the Arts)
Windrush - Funding for Windrush day events
iwill - Funding to create young arts leaders within the community
DCMS Youth Investment Fund - funding from Children in Need to purchase and kit out the Arts Award van.
Creative Arts - Funding for the Creative Arts Programme for young people to engage with creative arts.
Safer Streets - Funding for SBC violence against women film project
Rock around the rocks- Funding for Larkhill Military covenant community project at Stonehenge
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continued...
Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
18. MOVEMENT IN FUNDS - continued
4Nations - Funding for Queer Young People Writing project
Transfers between funds
A transfer of £50,000 from the restricted DCMS Youth Investment Fund to the general fund relates to the purchase of fixed assets.
19. EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined benefit pension scheme. The costs for the period was £2,750 (2021: £2,567). At 31 March 2022, contributions of £451 were payable (2021: £515).
20. RELATED PARTY DISCLOSURES
The Trustee, L Goulden, was paid £755 (2021: £3,460) during the year for freelance work. This payment does not relate to services as a trustee.
There were no other related party transactions during the year.
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