REGisfERED COMPANY NUMBER: 01528576 (England and Wales REGISTERED CHARrrY NUMBEL. 51100(K) Re rt of the Trustees and Unaudited Financial Statements for the Year Ended 31 DeceffltEr 2023 for The Con est Theatre Trust LTMI Thome Widgery Accountancy Ltd Chartered Accountants 2 WyevaLe Business Park Kings Acre Hereford Herefordshire HR4 7BS
The Con uest Theatre Trust Limited Contents of the Financial Statements for the Year Ended 31 December 2023 Page Report of the Trustees 1 to 7 Independent Examinerfs ReFQrt Statement of Financial Activities Balance Sheet 10 Notes to the Financlal Statements 11 to 16 Detalled Statement of Financial Activities 17 to 18
The Con est Theatre Trust Limited Re rt of the Trustees for the Year Ended 31 December 2023 The trustee5 who are also directors of the charity for the purwses of the Companies Act 2006, present their rewrt with the financial statement5 of the charity for the year ended 31 December 2023. The trustees have aijopted the provision5 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 Republlc of Ireland (FRS 1021 (effective l January 20191. OBJECTIVES AND ACTIVITIES Objectlves and aims The primary object for which the TrLSSt was establlshed is the promotion, maintenance, improvement and advancement of education. particularly by the production of educati¢)nal plays and the encouragement of the arts, including the arts of drama, mime, dance. singing and music, literature, poetry, painting, sculpture, photography, cinema and all other graphic arts and the fine arts. As the main ancillary. The Trust presents, promotes. organises, provide5, manages and pr0dle5 plays, dramas, comedies, operas, operettas, burlesques. fil, radio and television broadcasts. concerts. musical pieces, puppet shows, ballet, and rtational. folk and classical dancingi entertainments and exhibitions and performances. The Trust's objects are all of a charitable nature. Page 1
The Con est Theatre Trust Llmlted Re rt of the Trustees for the Year Ended 1 December 2023 OBJECTIVES AND AcnviTIES Public benefit From 2(X)8, The Trustees, Annual Report of a Charfty has had to include a statement or statements of public be1¢. demonstratlng that the Charity Commission's principle5 have been adhered to. The statements may be dlffused withln the body of the Report rather than explicit. the foliowlng, however. shows how the guidance refers to Conquest Theatre step by step. The two Principles of Public benefit are: 11 There must be an identifiable benefit or tenefits. al It must be clear what the benefits a. b) The benefits must be related to the aims. c} Benefits must be balanced agalnst any detriment or harm. 21 Beneflt must be to the public, or a sectlon of the public. al The beneficiaries must be appropriate to the aims. b) Where benefit is to a section of the public, the opportunity to l)enefit must not be unreasonably restricted by geographical or other restrictions. c) People in poverty Must not be excluded from the opportunity to l)enefit. dl Any private beneflts must be incidental. 1.a} What benefits do we offer? The Conquest Theatre offers opportunlties for attending and participating in a wide varfety of artistic prodLftion, particularly drama, but including cinema, Ilve streaming, music and graphic arts, among others. Its Youth Section is an important and thring section of its activities. We also offer a gathering space for cultural societies such as Lc(al Hlstory and Flower-Arran8ing. The theatre is fully equipped with lightlng, sound, projection, changing and refreshment facllities. The nearest equivalent venues for a similar range of activities are half an hour or more's drive away. 1.bl How do the benefits relate to the alms? The Charitable Objects of the Conquest Theatre Trust are currently stated to be: -to promote, maintain, improve and adVae education, particularly by the productlon of educational plays and the encouragement of the arts, including arts of drama, mime, dance, singing and music, literature, poetry, painting, sculpture, photography and all other graphlc arts and the fine arts, and to fomiulate, prepare and establish schemes therefore." The opportunities offered by the theatre clearly relate directly to these aims. Although it may be said that Involvement in almost any artlstlc activity is educational, this aim is specifically addressed by the Youth Theatre, and the opportunity for adults to improve thelr acting, backstage or front-of.house ability by expertence and the Drama club which meets regularly for just this purpose. 1.cl Is any detriment or harm attributable to the theatre? In a word, no. The theatre does not detract from any other local actlvlty whlch might be enhanced by its closure, and causes no more dlsruption to the environment than would ensue were it closed or replaced by something else. 2.a) Our beneficiaries. The variety of activities carried out at the Conquest Theatre means that all members of the publlc are p)tential beneficiaries of the education in and encouragement of the arts offered by the Charfty. Membership of the Theatre is open to anybody, and within the membership, everybody has the opportunity to becon** a member of the Nonagement Committee. Geographically• the population of Bromyard (about 5C4JOI is within ten minutes walk. Although there is M longer a Lack of theatre5 in Leominster and Tenbury playgoers from those areas also patronise the Conquest, and various reasons bring people in from the Kiddermlnster. Worcester, Malvern, Ledbury and Hereford areas as well. In terms of artlstlc Interest, opportunities are offered as spectators, participants las performers, technician5, Stage designers, costume designers or in dlrection and rnanagerrnt of a strH)w), or as part of a leisure facility rnanagennt team. The range of activities Include those of particular appeal to a wide range of ages (from pre-primary school to wartime sing-alongs and meetings for the Herefordshire care or8anisation) and artistic tastes. Page 2
The Con uest Theatre Trust Limited rt of the Trustees for the Year Ended 31 December 2023 oWEIVEs AND ACTIVITIES 2.b} Restrictions. ObviolY. any particular activity of the theatre may be of interest only to a minority of the public, but the range of actiwities offered over a year means that nobody of any artistic enthuasM is excluded. For those who have difficulty attending evening performances matinees are offered for popular shows in the aftemoon, and special events (such as film showings) for people who may have mobility problems are also arranged during the day. The Conquest Theatre is fully accessible to wheelchairs, and a hearing loop system is installed. Belng in the centre of town, and surrounded by a car park, the Conquest Theatre is convenient to all its patrons. Occasionally, where appropriate, vehicuLar transfer Is arranged for particular groups. 2.c) The ability to pay. The Conquest Theatre costs about £10,000 a year to malntaln, a staggeringly small sum thanks to its charitable status and the enormous contribution of Its volunteers. Nevertheless, without any maintenance grant, almost the full cost must be nt by ticket sales. A nomial full-price ticket is about £10, which is cheaper than the equivalent at any other theatre within a very wide radius, and concessions are offered for those on pension5, Students and the unwaged. Being a local theatre. most of the audience has a minimal travel cost. The c05t of hire of the theatre by local schcois and soaeties is negotiable and reflects the income of the organisation. so that lack of funds is, a5 far as possible, not an obstacle to the use of the theatre. 2.d> Private benefits. The 'private benefits. provided by the Conquest Theatre consist of fees payable to profes5i0nal slw)ws brought in, payments for seiceS relating to the upkeep of the theatre, and minor incidental costs also dlrectly relating to the aims of the Charity. Page 3
The Con uest Theatre Trust Limlted Re ort of the Trustees for the Year Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE Charitable activities In many ways 2023 was quite a normal one for the Conquest Theatre, but then, how do we define 'normal? The theatre was open for perfonnances for Just over one third of all the day5 of the year, seating an average of just under 60 at each perfomance. Over the year, that came to about 74 "bums on seats." These days Vre split about half and half betvRen live and recorded or transmitted shows. Of the transmissions, about half were films, and tT¥)St of the rest opera, ballet, live-streamed plays from the National Theatre, exhibitions of paintings, and concerts from sh as the Berlin Philharmonic and André Rieu. Of the live sknys, just under half were musical perfonnances, mostly our regular Folk in the Foyer series, under the guardianship of Roger Pugh" with a couple of concerts by the Bromyard Wind Band and visiting musical groups. Two other *ries vthich seem to have set up home here are the lectu5 hosted by the Bromyard and District History Society, and a form of Local Desert Island Discs, vthen well-known Bromyard characLers, sLh as John Silver and Mike Cresswell. tell us re than tly were expecting to about their fasanating life-stortes. Wonderful. Tnteresting and various though all these were, almost half the tickets sold were for live performances on the stage, of which the biggest. m05t popukr and highest-eamer was Camelot The Panto, direrted by Nikki Ivison. closely followed by Biq The Musical. directed by Becky Cook. Both Vre slightly unconventional in their way, but tK)th were huge SLKce55es and both eamed nominations for the West Midlands section of the National ODeratic and Dramatic AsxKiation awards. We were also pleased to host Ludwig Theatre Art5 youth production of the Wizard of Oz. and Our Star Theatre's pantomime, hbther Goose, which was a collaborative production mstly involving regular Conquest actors and technicians. Our ovm Youth Theatre produced a Summer Showcase, our whole Drama Group produced a Winter Showcase, and in between there was an entertaining circus-based community theatre production about the famous Bromyard elephants. Add to these various idiosyncratic events such as Poetry In Performance and the Ilve stream of the Coronation of King Charles, and there we have a 'normal' year of production at the Conquest. Less easy to quantffy, mostly because I cant get the data from ticketsource, our prlncipal income stream, are our non-production activities. Our foyer hosts an ever changing art exhibition, and our Saturday coffee-mmings attract regular trtrtings of variou5 local groupsi from the Town Councll to the Women's Institute. Behind the scenes, the coffee-club burrow away constructing scenery and endless little improvements to the infrastructure, and up in the wardrobe, our extremely knowledgeable costume ladies guide a succession of renters through requirements they sometimes havent even realised they needed. In February we were granted planning mIsSIOn for extendlng the COff-shOP area of the Theatre Foyer In both length and width, and fTlling the space betVen the two sides of the L with a ralsed patio. Although funds have accumulated over the Last few years. they are not adequate on their own for the completion of the task, and grants have not been as forthcoming as we had hoped, so consideration has been given to completing the job in stages, and builders have been consulted regarding how to do it. In June we were deeply saddened when Trevor Smith, our former Treasurer and Coffee-club coordinator died after a short illness. From the mment he and Anne arrived in Bromyard. he brought an expeiienced and analytical eye to every aspect of the Theatre, and especially to its finance5, $0 that it was difficult to spend trM)re than a penny Trmthout his querying whether it couldn't have been better spent, or it5 end achieved nK)re cheaply. Although this approach could be frustrating. it bore extremely satisfactory fruit, saving u5 huge affunts in overheads, streamlining our procedures and keeping u5 Up-to-date with recent developments in theatrical affairs. Shortly after his arrival on the management team years ago, he l(K)ked forward to day when the theatre VULd open its doors to public every wkend. I think he must be pleased with the progress he has helped to oversee - except that cofflplacency was never a part of his character, and I'm sure he would have had plenty more ideas if he was still with us. Each in our different ways, we miss his input and his energy. Page 4
The Con est Theatre Trust Limited e rt of the Trustees for the Year Ended 31 December 2023 FINANCIAL RErfIEW rinancial position The results for the year show net income £25,739 {2022: £29,073). Income increased from £107,613 in 2022 to £134,208, this was mostly due the increase in box office income. Expenditure also incread from £78,540 in 2022 to £108,469 due mainly due to higher production and licences costs. Net assets amounted to £456,88412022: £431,145). Reserves and Investment policie5 The current Guidance from the Charity Commission starts from the assuTnption that all Charities Suld spend their income as soon as possible and need to explain why they are retaining some of that income. In the first instance the Theatre has a general policy of retaining about £5.0 in its Current account to cover day to day expenses. Amounts above this will generally be transferred to a savings account such as that with the Cambridge & Counties Bank. Further details on why we are continuing to increase our Cash sifjsets are dealt with below. At the balance sheet date the charity's reserves sttsjd at £456,884 (2022: £431,145), of this balance C24,n8 12022: £19,848) was held in restricted funits. At the balance sheet date "free reserves" were £176,431 {2022: £150,791), these excludes fixed assets, along with any designated and restricted funds at the year end. FisfuRE PLANS The theatre continues to look forward to a major extension to its footprint, following the purchase of part of its adjoining carpark. Planning permlssion for Phase 1, involving the enlargement of the foyer and enhancement of the area Just outside, has been received, and quotations are being sought from builders. This has taken longer than hoped, and it is not clear when we will actually be able to commence work, particularly as we may have to set aside a 'dark' window In our schedule for it to happen wlthout disruption. From a theatrical activity point of view, we hope to increase our number of local amateur productions, eskEcially involving young people from local Youth Theatre organlsations, and to improve and formalise many of our operatlng pollcles, sLh as chaFeroning and safeguardlng. Some modernising of equipment, particularly stage lighting and film projectlon, is also underway. 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 The Conquest Theatre Trust Limited is a Charitable Company originally founded in 1980, whose governing dc(ument. the MerTh)randum and Articles of Association, was redesigned to fit the current Charity Commission rThJdel and adopted by the members nem. con. at the Annual General hketing on 15 September 2021. The Trust is govemed by a Management Committee. each Mernr elected for a nominal three-year temi, with the option to volunteer for re-election, who are also the Directors of the Company and the Trustees of the Trust. Their names are set out below. New member5 of the Management Committee are continually sought, and one third of the current committee have seNed for fewer than five year5. The newly adopted Memorandum and Articles of Association is an amalgam of a previous Memorandum and a succession of Constitutions, of which the last was designed to prepare the Trust to be converted to a Charitable Incorporated Company, which in the end turned out not to be as suitable as we had hoped. The two documents Suffered from several small inconsistencies which have been rectified. The new constitution allows for the to be between 5 and 15 Trustees. These Trustees a sPonSIble for ultimate strategic decisions, and they exerci financial control through regular financial reports. Page 5
The Con uest Theatre TNst Limited rt of the Trustees for the Year Ended 31 December 2023 STRUCTURE, GOVERNANCE AND IiANAGEMEKr Induction and training of new trustees New Trustees wtll be gTven induction and train7ng by a mentor appointed by the Management Committee, who wll show them their legal obligations under Charity and Company law, the Charity commission guidance on public benefit, the content of the Theatre's Memorandum and Articles of Association, all of which are available online, instruct them In the prc(e5ses of the board and give them copies of recent financial statement5. Related partie5 The constitution dS not permit any of the Trustees to be employees of the Trust. Reimbursement of expenses does not violate the constitution, and nor does payment for services ndered, provided those semces have been properly put out to tender and clearly represent the best interests of the Trust. Such a seThice, the regular cleaning of the foyer, auditorium and dressing room5, was undertaken by a Twstee for some mnths during the past year. Risk management The trustees have a duty to identify and rewew the risks to which the charity is exposed and to ensure appropriate controls are In place to prowde reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DAlLs Reglstered C(Mnpany number 01528576 (England and Wales) Reglstered Charity number 511(XlOO Registered offlce 1 Rowberry Street Bromyard Herefordshire HR7 4DU HMSFarey S J E Handley (resigned 28.3.241 P R Rimell S Thomas S Handley J Hugfflan D Lloyd (appointed 3. 5.231 D Duignan (appointed 31. 5.231 S Smith J Thomas R Brown M Dallow A Burke (resigned 28.3.241 P Davies (resigned 28.3.241 The trustees are also directors of the charitable company for the purposes of Company law. Company Secretary HMSFarey Page 6
The Con est Theatre Trust Lirnlted rrt of the Trustees f he Year Ended 31 December 2023 REFERENCE AND ADMINISTRATIVE DAlLs Inendent Examiner Mrs Lisa Weaver Thome Widgery AccountarKy Ltd Chartered Accountants 2 Wyevale Business Park King5 Acre Hereford Hereford5hlre HR4 765 Sollcltors Lanyon Bowdler 44 High Street Bromyard HR7 4AE Humfrys & Symond5 1 St. John Street Hereford HR12ND Bankers Lloyds Bank PLC 13 Broad Street Bromyard Herefordshire HR7 4BS Cambridge & Countie5 Bank New Walk Leicester LE16TE Redwood Bank The NexJs Bldg Broadway Letchworth Garden City SG6 3TA Apwoved by order of the trd of trustees on .. 'Io '2 *..... and signed on its behalf by: H M S Farey- Secreta Page 7
Inde endent Examlnerfs Re ort to the Trustees of The Con uest Theatre Trust Llmited Independent examiner's report to the trustees of The Conquest Theatre Trust Llmlted I'the Company I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsfbllltles and basls of report As the charitls trustees of the Company land also its directors for the purposes of company law) you are resFonsible for the preparation of the accounts In accordance with the requirements of the Companies Act 20061.the 2006 Act.). Having satisfied myself that the accounts of the Company are not required to l)e audited under Part 16 of the 2006 Act and are ellglble for independent examination, I report in respect of my examination of your Charits accounts as carried out under Section 145 of the Charltfes Act 2011 1.the 2011 Act'}. In carrying out my examination I have foll0v the Directions given by the Charity Commisslon under Sectlon 145(5) {b) of the 2011 Act. Independent examlnerfs statement I have completed my examlnation. I confirm that no matters have come to my attention in connection with the examinatlon giving me cause to believe: accounting records were not kept in respect of the Company as required by Sectlon 386 of the 2CIJ6 Act" or the accounts do not accord with those records. or the accounts do not comply with the accountlng requirements of Section 396 of the 2LKi6 Act other than any requirement that the accounts give a true and fair vlew whlch is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and princlples of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparlng thelr accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls rewrt in order to enable a proper understanthng of the accounts to be reached. Mrs Lisa Weaver Thorne Widgery Accountancy Ltd Chartered kcountants 2 Wyevale Business Part< Kings Acre Hereford Herefordshire HR4 7BS Page 8
The Con uest Theatre Trust Limited Ststement of Financial Activities Llncorporatin an Income and Ex nditure Account for the Year Ended 31 December 2023 31.12.23 Total funds 31.12.22 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4,061 835 4,896 6,586 Other trading activities Investment income 121,315 3,952 4,045 125,360 3,952 99,693 1,334 Total 129,328 4,880 134,208 107.613 EXPENDITURE ON Raising funds 10,717 10,717 6,565 Charltable activities Theatrical Costs 97.752 97,752 50,035 Other 21,940 Total 108,469 108,469 78,540 INCOME 20,859 4,880 25,739 29,073 RECONCILIATION OF FUNDS Total funds brought forward 411,297 19,848 431,145 402,072 TOTAL FUNDS CARRIED FORWARD 432,156 24,728 456,884 431,145 The notes form part of these financial statements Page 9
The Con 5t Theatre Trust Limited stered number: 01528576 Balance Sheet 31 December 2023 31.12.23 Total funds 31.12.22 Total funds Unrestrlcted fund Restricted funds Note5 FFXED ASSETS Tangible assets 255,725 255.725 260,506 CURRENT ASSErs Stocks Debtors Cash at bank and in haThJ 10 11 1.210 1,661 176.836 2.039 177.787 2,039 202,515 24,728 181,270 24,728 205,998 179,707 CREDITORS Amounts fallir4 due wthin one year 12 (4,8391 14,8391 19,1168) Nrr CURRENT ASSErs 176,431 24,n8 201,159 170,639 TOTAL ASSETS LESS CURRENT LIABILITIES 432,156 24.728 456,884 431,145 NET ASSErs 432,156 24,n8 456,884 431,145 FUNDS Unrestficted fun(14 Restricted funds 13 432,156 24,728 411,297 19.848 TOTAL FUNDS 456.884 431,145 The charitable company Is entltled to exemption from audit under Sectlon 477 of the Companie5 Act 2CQ6 for the year erKled 31 Oecemter 2023. The mefflbers have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2CQ6. The tru5tee5 ackrn)wledge thelr rponsIbl11t7es for lal eruring that the charitsble company keep5 accounting records that comply with Section5 386 and 387 of Companies Act 2006 and preparing flnancial ststements which give a tnje and falr eW of the state of affair5 of the charitable compary as at the end of each financial year aThJ of its surplLS or deficit for each financial year In accordance with the requirements of Sections 394 and 395 and which otherwise comply th the requlrements of the Companies Act 2[ relatin8 to financial statements, so far as applicable to the charitable company. bl These financial statements have been prepared in accordance with the provisions applicable to charftable companbes subject to the small companies regime. The financial statements were approved by the Board of Trustees and auth0ri5ed for issue .1.4.th..ff)qg...@Q.,X.+.......,...... and were signed on Its kehalf by: S Thomas . Trustee The note5 form part of these financial statements Page 10
The Con est Theatre Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of preparlns the financial statèments The financial statements of the charitable company) which is a public benefit entity under FRS 102, have teen prepared In accordance with the Charities SORP {FRS 102) 'Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of IreLand' and the Companies Act 26. The financial statements have been prepared under the historical cost convention. Going Concern The trustees assess whether the use of going concem 15 appropriate i.e. whether there are any material uncertainties related to events or conditions that may casl significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the company has adequate resources to continue in operational existere for the foreseeable future and there are no material uncertaintie5 about the charitvs ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Income All income is recognised In the Statement of Financlal Activities once the charity has entitlement to the fund5, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recogni5ed as expendlture as S{ a5 there is a legal or constructive obligation commlttlng the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obllgation can be measured reliably. ExFenditure 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 tlw have been allocated to act7Vities on a basis conslstent with the use of resources. Tan8lble fixed assets Depreciation is provided at the followng annual rates in order to Vlte off each asset over its estimated useful life. Debtors Trade and other debtors are recognised at Settiennt amount due. Cash at Bank Cash at bank and in hand includes cash and short term highly liquid investments with a short maturlty of three rnthS or less from the date of opening of the dep051t or similar account. Creditors Creditors and prowsions are recognised where the charity has a present obligatTon 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. Creditor5 and prowsions are nonnally recognised at their settlement amount. Fixed Assets and Depreciation Depreciation is calculated to write off the cost of all fixed a55ets over their estimated useful lives. The rates in use are as follows: Freehold land Theatre buildings Installed Plant Fixtures and fittings Plant and Equipment Ilncluding Theatre Equipment) Nil 1% straight line 5% straight Ilne 10% straight line 20% straight line Page 11 continued...
The Con est Theatre Trust Llmlted Notes to the financial Statements - continLpd for the Year Ended 31 December 2023 ACCOUNTING POUCIES - continued Stocks Stocks are valued at the lower of cost and net realisable value, after makin8 due allowance for obsolete and slow movlng items. Taxatlon The charity is exempt from corporation tax on Its charvtable activvties. Fund accountln8 Unrestrfcted funds can be used in accordance with the charftabie 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 partlcular restrlcted purposes. Further explanation of the nature and purp)se of each fund is included In the notes to the financial statements. DONATIONS AND LEGACIES 31.12.23 31.12.22 Donations Grants mbers subscriptions 1,740 1,279 2,667 2,640 3,156 4,896 6,586 Grants received. included in the above. are as follows: 31.12.23 31.12.22 Herefordshire Councll 2,667 OTHER TrADING AcfiviTIES 31.12.23 31.12.22 Fundraising Box Office Bar sales Coffee. sweets and Icecream Hire Sundry receipts NPower feed in tariff 9,576 82,187 20,811 8,134 3.519 938 195 10,951 60,536 14,541 6.214 5,251 140 2.060 125,360 99,693 Page 12 continued...
The Con uest Theatre Trust Limited Notes to the Flnancial Statements . continued for the Year Ended 31 December 2023 INVESTME1 INCOME 31.12.23 31.12.22 Deposit account interest 3,952 1,334 CHARITABLE ACTIVITIES cosrs Direct Costs Supwrt osts Totals Theatiical Costs 70,597 27,155 97,752 Nrr INCOMEI(EXPENDITURE) Net income/(expenditurel Is stated after char8ingllcrediting): 31.12.23 31.12.22 Independent examlnation Depreclatlon - owned assets 2,136 12,157 12,912 TRUSTEES. REMUNERATION AND BENEFTrs There were no twstees. remuneratlon or other benefits for the year ended 31 DeceffltEr 2023 nor for the year ended 31 December 2022. Trustees. expenses During the year reimbursed expenses totalling £15,854 was paid to 7 trustees12022: £11.753 to 8 trustees), COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacles 6,586 6,586 Other trading actlvities Investsnent income 88,792 1,334 10,901 99,693 1,334 Total 96.712 10.901 107,613 EXPENDrruRE ON Raising funds 6,565 6,565 Charftable artivities Theatrical Costs 48,703 1,332 ,035 Other 21,940 21,940 Totsl 77,208 1,332 78,540 INCOME 19,504 9,569 29,073 Page 13 continued...
The Con uest Theatre Trust Limited Notes to the Financial Statements - continLEd for the Year Ended 31 December 2023 COMPARATIVES FOR THE ¥fATEMENT OF FINANCIAL AcnviTIES- contlnued Unrestricted fund Restricted funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 391,793 10,279 402,072 TOTAL FUNDS CARRIED FORWARD 411,297 19,848 431,145 TANGIBLE FIXED AssErs Fixtures and flttlngs Installed Plant Theatre Buildings Plant and machinery Totals COST At 1 January 2023 Additions 97,646 218,438 66,081 58.264 7,376 440.429 7,376 At 31 December 2023 97,646 218,438 66,081 65,640 447.805 DEPRECIATION At 1 January 2023 Charge for year 51,786 1.812 59,911 611 21,317 5,736 179,923 12,157 3,998 At 31 December 2023 50,907 53,598 60,522 27,053 192,080 NEf BOOK VALUE At 31 December 2023 46,739 164.840 5,559 38,587 255,725 At 31 December 2022 50,737 166,652 6,170 36,947 260,506 Included in cost or valuation of Tatre Building5 is frtrhold land of £20,333 which is not depreclated. further piece of Land was purchased in h•Ay 2022 costing £13,001 which is also not depreciated. 10. STOCKS 31.12.23 31.12.22 Stocks 1,210 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Prepayments and accrued income 2,039 1,661 Page 14 contlnued...
The Con uest Theatre Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 12. CREDITORS: AhlOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Trade creditors Accruals and deferred income 2,344 2,495 7,268 1,8 4,839 9,068 13. MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestrlcted funds General fund 411,297 20,859 432,156 Restrfcted funds Restricted fund 19.848 4,880 24,728 TOTAL FUNDS 431,145 25,739 456,884 Net mvement in funds, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted fund5 General fund 129,328 (108,469) 20,859 Restrlcted funds Restricted fund 4,880 4,880 TOTAL FUNDS 134,208 (108,469) 25,739 Comparatives for movement in fund5 Net movement In funds At 31.12.22 At 1.1.22 Unrestrlcted funds General fund 391,793 19,504 411,297 Restrfcted funds Restricted fund 10,279 9,569 19,848 TOTAL FUNDS 402,072 29,073 431,145 Page 15 continued...
The Con uest Tatre Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 13. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 96,712 IT7,208) 19,504 Restricted funds Restricted fund 10,901 (1,3321 9,569 TOTAL FUNDS 107,613 178.540) 29,073 14. RELATED PARTY DISCLOSURES Mrs Janet Hugman, trustee, was paid £nil as a part time cleaner in the year to 31 December 2023 {2022:£515.001. No amounts were outstaniling at the year end12022: £Nill. Mrs Soffe Smith, trustee, was paid for cleaning seryices £571 12022:£230}. No amounts were outstanding at the year end (2022: £Nill. Page 16