**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:
1. 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
3. 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
4. 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|
Page 9
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|
Page 11
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|
Page 12
continued...
**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|
|---|---|---|---|
Page 13
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|
Page 14
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
Page 15
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.
Page 16