Reports and Financial Statements For the year ended 31 Mareh 2024 For Centre for Performance Research Limited (A company limited by guarantee) Company Dumber 02315790 (Englalld and Wales) Charity number 701544
Centre for Performance Research Limited (a eompaDy limited by guarantee) Contents of the Financial Statements For the year ended 31" March 2024 Page Company Information Reporting Accountants, Report Trustees, Report 3&4 Statement of Financial Activities Balance Sheel Notes to Financial Ststements 7- 10
Centre for Perforniance Research Limited (a eompany limited by guarantee) Company Inform8tion st For the year ended 31 March 2024 Directors and Trustees Mr Michael Freeman Mr Keith Lewis Ms Moira Vincentelli Mr Roger Owen Mr Roger Tomlinson Company Number 02315790 Charity Number 701544 Registered Office 6 Science Park Aberystwyth Ceredi¥ion SY23 3AH Accountants A J Foligno FCCA 3 Maes Wyre Llanrhystud Aberystwyth Ceredigion SY23 SAH Page 1
Centre for Performanee Research Limited Accountant's Report For the year ended 311t mAh 2024 We report on the accounts of the Centre for Perfornjance Research Limited for the year ended 31° March 2024. As described on Page 4. the trustees are responsible for the preparation of the financial 51 sratements for the year ended 31 March 2024 set out on pages 3 - 1 O and they consider that the company is exempt from audit under the provtsions of s. 477 of the Companies Act 2006 ('the Act,). We report that: l. The accounts of the company for the year ended 31° March 2024 are in agreement with the accounting records kept by the company under the Act, and 2. Having regard to, and on the basis of, the infomiation in those accounting records, those accounts have been drawn up in a manner consistent with the provisions of the Act so far as is applicable to the company, and 3. Having regard to, and on the basis of, the inforniation in the accounting records, the company satisfied the requiremeryts of s. 477 ofthe Aci for the year ended 31, March 2024. A J Foligno FCCA Chartered Certified Accountant Page 2
Centre for Perforniance Resemrch Limited Report for the Trustees For the year ended 31st March 2024 The Irustees, who are also the direcliws of the charity for the purposes ot the Companies Act, pr&gent their annual report and audited financial statements for the year ended 31" March 2024. The tTUSiees have adopted the provtsions of the Statement of Recommended Praclice (SORP) 'Accounting and Reporting for Charities. issued in October 2013. in preparing the annual report and financi statements of thc charity. Objecis of the charity? principal aetivities and organisatlon ofour work The charity is constiluled as a company limited by guardntee and is therefore governed by a memorandum and articles of &ssociation. The charity's object and principal actlvlty continues to be thai of the promotion arKI development ofthe arts. The charity is organised so that the trustees meet regularly to manage its affairs. Developmenc activities and aehievements this year The company continued ¢0 focus its activities on its specialist publishing programme and book sales and to pursue ils charitsble objectives through this pr(MJuction and dissemination work. The following is5u¢s of volumes 27 and 28 of the specialist journal Performance Re.feai'ch were published during the year: 27.34 '0n Protest,, 27.5 'Th1 Solitary,, 27.&7 '0n Care,. 27.8 '0n Diagrams & the DiagTwnmatic'. 28.7 '0n Blood,, 28.2 '0n Meeting,. and 28.3 '0n Inv&sion'. New book publications appearing during the year under the publishing imprint Perfomiance Research Books, which follows and expands the policy of the PerformancL. Re.fearch,IcJui'iiul were." In Pi'ai*e ofsideways." SIoiyielling.lourneys ofthe Ruih Kanner Thealre Gra, edited by Adi Chawin and Richard Gough. which is the first comprehensive attempl to present Ihe virtuoso perfomiance practices of ihe Ruih Kanner Theatre Group. Throughout twenly-five year5 of innovative work, RKTG - based in Tel Aviv but also perfonning all over Israel and intemationally- h&8 perfected a unique fom) of storytelling theatre. and A £1(.017 ofihe Central- Ea.slern Eurupean Inlenvar Theatre Avanl-Garde, which presents different aspects of the theatre avant-garde prOarnMeS, projects and achievements that took place between the two World Wars in a region of Europe thal, squeezed beiween the two mighty werS of Germany and Russia, experienced similar historical danger5 of marginalization and (in many cases literal) colonization and conquest. The development of new title% for future publication continued during the year. Negotiations for a new owner and host for the CPR Resource Centre, 'The Cabinet. and other collections Continued. A small dispersed team continues to be coordinated from the oifice base in Aberystwyth. The Trustees are especially grateful for the efforts of the staff and the General Editor, Richard Gough in delivering the increased publishing progrnmme. Page 3
Report of the Trustw (continued) Tangible fixed assets for use by the charity Details of the movements in fjxed assets are set oul in Note 7 lo the financial statements. Reserves The trustees have deterniined that the free resen held by the organi5ation will need to support the operation of the charity during a period of fund raising to generate additional unrestricted furth towards futu programmes. Risk Review The trustees actively review the major risks which the charity faces and believe that systems are being put in place to mitigate exposure which, combined with the raising of additional unrestricted funds, will provide sufficient resources in the advent of advers¢ conditions. Directora and Trustees All directors of the company are also trustees of the charity and the are no other Iruslees. The tnte have the power to appoint additional truslees as they consider fil lo do so. Stqtement of trustees. responsibilittes The trustees are required by company law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and its financial position at the end of the year. In preparing these financial statements the trustses are required to: Select suitable accounting FK>licies and apply them consistently. Make judgements Ihal are reasonable and prudent State whether the policies adopied are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended prdctice, subject lo any material departures disclosed in the financial statements Prepare Ilie finanLial statements on a going concern basis unless it is inappropriate to assume that the chariiy will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable acLuracy at any timc ihe financial position of the charity and enable them to ensure that Ihe financial statements comply with the Companies Act 2006. They are also responsible for sat"eguarding the assets of the charity and hence for taking re&sonable steps for the prevention and detection of fraud and other Trregularilies. Approval This report was apprnved by the trnstees o behalf by.. 131 Id 4nd signed on their Keith Lewis ITec¥or Page 4
Centre for Performance Researcb LimAted (a company limited by guarantee) Statement of Financial Aclivities for the yer ended 31 Mayth 2024 SUMMARY INCOME AND EXPENDITURE ACCOUNT Total 2023 2024 Notes Incomin8 Resourrys Bank Intcresi Other Income H2 80304 106 76105 Total Ineoming Resources 80746 76211 Resources Expend¢d Direct Charitable expenditure 60706 49929 Management and Administssiion 24268 29509 Total Resour¢es Expended 84974 79438 N¢¢ In¢om5•W(Outgoin&) Resources for the Year before Tr4nsfers 4228 .3227 ExeptionAI items Fund B•l*Dtes brought forward 46908 50135 Fund Balanees earried forward 42680 46908 There wer¢ no unrecoBnised gains or losses for 2024 or 2023. The notes on pages 7 to io forni part of these financial statements
Centre for Perfonnan¢e Research Limited (• eomp•ny limited by guar%ntee) Bglathc¢ Sheet ror th¢ yeor ended 31 March 2024 2023 No FIXED ASSETS Tangible Assets 1&8 CURRENT ASSETS Stock of Books Debtors Cash at Bank and in hand 109)0 50280 67180 61258 72158 CREDITORS Amounts falling due within one year (245) (?5250) NIT CVRREKf ASSETSILIABILITIES 42680 46908 TOTAL ASSETS LESS CURRENT LIABILITIES £42.680 £46.908 FUNDS Unrestricted Funds 42680 46908 TOTAL FUNDS £42,680 £46,908 For the year ending 31st March 2024 the company was entltled to exemptlon from audlt under section 477 of the Comp8nie5 Act 2006 relating to small companies. Directorfs responsibilities- - Tiie members have not required the company io obtain an audit of its accounts for lhe year in quesiion in accordance with section 476. - The directors acknowledge theTr responsibility for ¢omplytng with the requirements of the A with respect accounting records and the pttparntion of account5. The accounts have becn prepared in accordance with the provisions applicable to ¢omp8nies subject to th¢ small ¢ompanios regime. These *tcouttts were apprnved by tht trnsloes om and signed on its behglf by Keiih Lewis DiTector Page 6
Centre for Performance Research Limited (a company limited by guarantee) Notes to Accounts For the yeAr ended 31" March 2023 J. Accounting Policies 1.1 BAsl$ of prepargtion ofthe accounts The financial st8ments are prepared under the historical cost convention and in accordance with the Financial Reporting StandArd for Smaller Enlities (effective January 2015) and the Companies Act 2006. In preparing the financial slalements the charity follows best prnctiC¢ a5 laid down in the Statement of Recommended Prnctice 'Accouniing and Re)rtIng by Charities. (SORP 2013).. .2 TAngible fixed •sffet$ for use by the eharlty •nd deprttlatlo Tangible fixed asse15 for use by the charity are stated at cost less depreciation. Depreciation is provided at rates ¢alculoted to write off the cost or valuation of fixcd assels. less their estimated re3idu81 value. over the eXpted useful lives on th¢ following ba5CS.' Fixture& fittings and equipment IJ Ill¢ 4 years strai8ht line basis Grnnts receivable for revenue purpose5 are ¢redit¢d to lh¢ income and ¢xpendilure attount when they become due. Grants receivable for purchasing of fixed assets arc credilcd to a Capital Grani Reserve Fund and VItten off over the same rkriod &% the corrcsponding fixed assets. Voluntary income and donations are ac¢ounied for as r¢¢eived by the charity. 1.4 Vlve Added Tax Value adda 18x is not reeoverable by thc charity and as such, is included in the releVt costs in the accounts. 13 Stoek of B(M) Stock of books is valued llt Ihe lower of ¢ost and net realisable value. .6 Management amd gdminiitratlve expuditure Expenditure on management and administration of th¢ charity includes all expenditure nol directly related lo the charitsble activity or fundraising veniures. This consists of Staff costs. telephon< accountancy. bank cherges and depreciation. Page 7
Centre For Perfonnanee Research Limiled (2 Company limited by gu¥raDtee) Notes to the financial statements (coutinued) for the year ended 31st March 2024 OTHER INCOME ry024 2023 Sale of Books Fees & Royalties Editorial Expenses Publication C4ivPToductions- IIAS )ci¢ty of British Theatre Designers Theatre Institute (Warsaw) U C Davies Ruth Kramer Theatre Group Interculturnj Roots MaTfu8eku Sundry 3360 32530 21500 7168 27600 21500 2797 12750 8750 2320 3600 2500 1652 80304 4206 76105 3 DIREcf CHARITABLE EXPENDITURE 2024 2023 Edilin8 Staff Production Cost of Book Sales 24857 33185 2664 60706 26357 19342 4230 49929 MANAGEMENT AND ADMINSTRATION OF THE CHARJT 2024 2023 Staff Costs Travel, accommodation and subsistence Telephonc. postage and ststionery Bank charges and interest Accountancy fees Premises costs Sundry admintstrative costs 8070 1174 1200 373 500 10709 2242 5060 2040 1051 364 500 17164 3330 24268 29509 EXCEpfioiyAL rrEMS 2024 and 2023 None Page 8
Cetstre For PerfonBance Re5urch Limited (# limited by gur•ntee) Notss to the fiD•Mtixl g¢temeots (continued) for the year euded 31st Mar¢h 2024 STAFF COSTS 2024 2023 Gross Salari Employers, N.1. ek. 31737 1190 30349 1103 32927 31452 No remuneration was paid to any of Ihe trustees during the ycar nor any expenses rcimbursed. The average number of employees during the year was l (2023 - 1) of which I w&s employed for managemenl and administration. No employee earned over £50.000 in thc year. TANGIBLE FIXED ASSETS ?024 Fixlures. rittings and equipment COST J8 ar 1st April 2023 addilions 117220 ai 3 1st March 2024 117220 DEPRECIATION as ai Isl April 2023 charge for the period 117220 4$ at 31 st March 2024 117220 NET BOOK VALUE As •t31st mAh 2024 ai 31 st Mah 2023 DEBTORS amounts falling due within one year 2024 2023 tkbtLYS Page 9
CeDtre For Performan¢e Research Llmited (a company limited by guarantee) Notes to the fwaneial Ststements (ntInUed) for the year ended 318t Mareb 2024 CREDITORS amounts falling duc within one year 2024 2023 Tradc CrediioF5 Accrncd Exp¥nditure Defcrred Income 250 1000 24000 500 24(K>O 24500 25250 Psge 10