REGISTERED COMPANY NUMBER: NI610699 (Northern Ireland) REGISTERED CHARITY NUMBER: 101894
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024
for
ACCIDENTAL THEATRE LTD
M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
ACCIDENTAL THEATRE LTD
Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 to 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
ACCIDENTAL THEATRE LTD
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024
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 2024. 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
Accidental Theatre creates theatrical productions and outreach & education projects for the public of Northern Ireland. These are for the entertainment, education and inspiration of our audiences and the general public. We use theatrical productions and methodologies as we believe they are the best ways to directly engage, transform and involve the public in our work and in using art to effect change in their lives and in deprived areas of Northern Ireland. Our work is public and directly accessible to all members of our society, with many projects being free or low cost. We aim to inspire communities and individuals through large scale theatrical art that captures the imaginations of large audiences. And then more directly engage and educate the public through less visible outreach work. All of our work focuses upon empowering individuals, and giving voices to the often voiceless in society. Raising levels of well-being in communities through artistic engagement, cultural creativity and creating new opportunities to work and engage in the arts. Theatre can have a transformative impact upon individuals, communities and cultures. Once a person learns how to freely express themselves and recognise the importance of this, their lives are no longer the same. We want every citizen of Northern Ireland to have that chance. And the rest of the world to be able to see and appreciate the unique creativity and culture of this country.
List of Trustees
Chair Mr Richard Phillips
Board Miss Christine Morrow Mr Thomas Clarke Mr Cillian Burns Miss Laura Heather McCamley
1
ACCIDENTAL THEATRE LTD
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Significant activities
In 2023-2024, Accidental Theatre continued to showcase a diverse range of activities and performances, highlighting its commitment to promoting the collision of diverse perspectives, art forms, and unusual collaborations. We continued to be a hub for diverse and eclectic performances, embracing a range of art forms and collaborations. The theatre maintained its commitment to hosting a wide array of events, from comedy and music to theatre and cabaret, thus ensuring that its audience always experienced something new and exciting. Our programming highlights included: Handmade Music, the Accidental Comedy Club, Sonorities Festival, Cosmic Jam, Across Cultures, Hamerama, Diana: The Untold and Untrue Story & Never Seen It Film Club.
During this period, Accidental featured events like an extended evening of improvised and experimental music, as part of the Handmade Music series. This event, started in February 2023 and has grown in strength, included performances from both local and international acts, demonstrating the theatre's focus on vibrant and ambitious storytelling through various art forms. It will initially run for 5 years, in partnership with Sonic Arts Research Centre at Queen's and Moving on Music. It has already created additional events from: Black Triptychs, Terrain Festival and more.
In addition to live performances, Accidental also continued to pioneer a new approach to remote theatrical and streaming production, known as The Belfast Method. This initiative included training opportunities for those interested in live streaming systems and setup, collaborative digital technologies, camera techniques, sound design, video editing, and more. The training was designed to be practical and hands-on, with a focus on live events such as music, theatre, comedy, and improv shows.
Accidental continued to offer Rehearsal Space, Workshop Space, Offices, Meeting Spaces and much more to the local community as well as to further afield. And this remains one of the main activities that Accidental supports the wider Belfast arts community as well as a more general community.
Overall, Accidental Theatre's activities in 2023-2024 illustrated its ongoing dedication to fostering a vibrant and inclusive arts environment in Belfast, with a focus on supporting a range of artistic expressions and collaborations.
Public benefit
Accidental Theatre was established to define a new theatre style indicative of the unique culture and people of Northern Ireland. With specific public benefit stemming from the company's purpose to promote the enjoyment, better understanding and general advancement of the arts and sciences. In particular the art of advanced new theatre making techniques and styles combined with new theatre writing for the benefit of the general public in Northern Ireland.
We continue to do this through four main strands: o Major Productions o Early Career Artist Support & Facilitation o New Production Research o Community Projects & Productions
The four strands are designed for the creation of new theatrical performance that transcends the traditional ideas of what theatre can be and confounds expectations. Accidental aims to provide support for artists to trailblazer their own way, build their own audiences, learn new skills and provide new benefits to the public of Northern Ireland. Our theatre practices are inspired by different forms, styles and influences, providing the greatest depth and diversity of work available in Northern Ireland.
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.
2
ACCIDENTAL THEATRE LTD
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
NI610699 (Northern Ireland)
Registered Charity number 101894
Registered office
12-13 Shaftesbury Square Belfast Co. Antrim BT2 7DB
Trustees
R Lavery Theatre Director Ms C M Morrow New & Emerging Talent Executive R Phillips Software Engineer (appointed 29/11/2023) Ms C Walker Director (resigned 29/11/2023) Ms L McCamley Production coordinator (appointed 19/3/2024) C Burns Civil Servant (appointed 19/3/2024)
Independent Examiner Seamus McLernon FCA M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
Approved by order of the board of trustees on 04 December 2024 and signed on its behalf by:
.................................................................... R Phillips - Trustee
3
Independent Examiner's Report to the Trustees of Accidental Theatre Ltd
I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages six to fifteen.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the 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.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 65 of the Charities Act
-
follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
-
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
-
That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the 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
-
That there is further information needed for a proper understanding of the accounts to be reached.
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 member of the Institute of Chartered Accountants in Ireland which is one of the listed bodies.
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
Seamus McLernon FCA The Institute of Chartered Accountants in Ireland
M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast BT9 6GH
Date: 04 December 2024
4
ACCIDENTAL THEATRE LTD
Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted ** Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 41,476 - Charitable activities ACNI - Lottery - 35,500 QUB - 5,800 UU - 21,273 The American Ireland - - The Foyle Foundation - - General 2,000 - Belfast City Council - 33,455 Backstage Trust - 32,000 Innovate UK - 50,000 Hire and Rental income 2 68,016 - Total 111,492 178,028 EXPENDITURE ON Raising funds - - Charitable activities ACNI - Lottery - 35,500 QUB - 5,800 UU - 21,273 The American Ireland - - General 161,006 - Belfast City Council - 31,915 Innovate UK - 50,000 Total 161,006 144,488 NET INCOME/(EXPENDITURE) (49,514) 33,540 RECONCILIATION OF FUNDS Total funds brought forward 103,096 - TOTAL FUNDS CARRIED FORWARD 53,582 33,540** |
31/3/24 Total funds £ 41,476 35,500 5,800 21,273 - - 2,000 33,455 32,000 50,000 68,016 289,520 - 35,500 5,800 21,273 - 161,006 31,915 50,000 305,494 (15,974) 103,096 87,122 |
31/3/23 Total funds £ 50,253 44,350 15,178 41,919 17,394 15,000 - - - - 85,101 269,195 18,960 44,350 15,178 41,919 17,395 58,297 - - 196,099 73,096 30,000 103,096 |
|---|---|---|
The notes form part of these financial statements
5
ACCIDENTAL THEATRE LTD
Balance Sheet 31 MARCH 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 22,747 CURRENT ASSETS Debtors 8 6,000 Cash at bank 38,077 44,077 CREDITORS Amounts falling due within one year 9 (13,242) NET CURRENT ASSETS 30,835 TOTAL ASSETS LESS CURRENT LIABILITIES 53,582 NET ASSETS 53,582 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 1,540 32,000 33,540 - 33,540 33,540 33,540 |
31/3/24 Total funds £ 22,747 7,540 70,077 77,617 (13,242) 64,375 87,122 87,122 53,582 33,540 87,122 |
31/3/23 Total funds £ 9,929 5,425 88,822 94,247 (1,080) 93,167 103,096 103,096 103,096 - 103,096 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.
The notes form part of these financial statements
continued...
6
ACCIDENTAL THEATRE LTD
Balance Sheet - continued 31 MARCH 2024
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 04 December 2024 and were signed on its behalf by:
............................................. R Phillips - Trustee
The notes form part of these financial statements
7
ACCIDENTAL THEATRE LTD
Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024
1. 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.
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.
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.
Plant and machinery
- 25% on reducing balance
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.
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.
continued...
8
ACCIDENTAL THEATRE LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
2. HIRE AND RENTAL INCOME
| HIRE AND RENTAL INCOME | ||
|---|---|---|
| 31/3/24 | 31/3/23 | |
| £ | £ | |
| Rents received | 43,974 | 35,939 |
| Hire | 24,042 | 49,162 |
| 68,016 | 85,101 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31/3/24 | 31/3/23 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | **7,582 ** | 3,310 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31/3/24 | 31/3/23 | |
|---|---|---|
| Core staff | 5 | 5 |
No employees received emoluments in excess of £60,000.
6.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| fund | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 50,252 | 1 | 50,253 |
| Charitable activities | |||
| ACNI - Lottery | - | 44,350 | 44,350 |
| QUB | - | 15,178 | 15,178 |
| UU | - | 41,919 | 41,919 |
| The American Ireland | - | 17,394 | 17,394 |
| The Foyle Foundation | 15,000 | - | 15,000 |
| Hire and Rental income | 85,101 | - | 85,101 |
continued...
9
ACCIDENTAL THEATRE LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| **Unrestricted ** | **Unrestricted ** | Restricted | Restricted | Total | ||
|---|---|---|---|---|---|---|
| fund | funds | funds | ||||
| £ | £ | £ | ||||
| Total | 150,353 | 118,842 | 269,195 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 18,960 | - | 18,960 | |||
| Charitable activities | ||||||
| ACNI - Lottery | - | 44,350 | 44,350 | |||
| QUB | - | 15,178 | 15,178 | |||
| UU | - | 41,919 | 41,919 | |||
| The American Ireland | - | 17,395 | 17,395 | |||
| General | 58,297 | - | 58,297 | |||
| Total | 77,257 | 118,842 | 196,099 | |||
| NET INCOME | 73,096 | - | 73,096 | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 30,000 | - | 30,000 | |||
| TOTAL FUNDS CARRIED FORWARD | 103,096 | - | 103,096 | |||
| 7. | TANGIBLE FIXED ASSETS | |||||
| Plant and | ||||||
| machinery | ||||||
| £ | ||||||
| COST | ||||||
| At 1 April 2023 | 13,239 | |||||
| Additions | 20,400 | |||||
| At 31 March 2024 | 33,639 | |||||
| DEPRECIATION | ||||||
| At 1 April 2023 | 3,310 | |||||
| Charge for year | **7,582 ** | |||||
| At 31 March 2024 | **10,892 ** | |||||
| NET BOOK VALUE | ||||||
| At 31 March 2024 | 22,747 | |||||
| At 31 March 2023 | 9,929 |
continued...
10
ACCIDENTAL THEATRE LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 31/3/24 | 31/3/23 | |
| £ | £ | |
| Other debtors | 1,540 | 5,425 |
| Prepayments and accrued income | 6,000 | - |
| 7,540 | 5,425 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31/3/24 | 31/3/23 | |
| £ | £ | |
| Trade creditors | 9,764 | - |
| Social security and other taxes | 1,077 | - |
| Accruals and deferred income | **2,401 ** | 1,080 |
| 13,242 | 1,080 |
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Belfast City Council Backstage Trust TOTAL FUNDS |
At 1/4/23 £ 103,096 - - - 103,096 |
Net movement in funds £ (49,514) 1,540 32,000 33,540 (15,974) |
At 31/3/24 £ 53,582 1,540 32,000 |
|---|---|---|---|
| 33,540 | |||
| 87,122 |
continued...
11
ACCIDENTAL THEATRE LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds ACNI - Lottery fund Queens University Ulster University Belfast City Council Backstage Trust Innovate UK TOTAL FUNDS |
Incoming resources £ 111,492 35,500 5,800 21,273 33,455 32,000 50,000 178,028 289,520 |
Resources Movement expended in funds £ £ (161,006) (49,514) (35,500) - (5,800) - (21,273) - (31,915) 1,540 - 32,000 (50,000) - (144,488) 33,540 (305,494) (15,974) |
|---|---|---|
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/22 | in funds | 31/3/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 30,000 | 73,096 | 103,096 |
| TOTAL FUNDS | 30,000 | 73,096 | 103,096 |
continued...
12
ACCIDENTAL THEATRE LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds ACNI - Lottery fund Queens University Ulster University The American Ireland TOTAL FUNDS |
Incoming resources £ 150,353 44,350 15,178 41,919 17,395 118,842 269,195 |
Resources Movement expended in funds £ £ (77,257) 73,096 (44,350) - (15,178) - (41,919) - (17,395) - (118,842) - (196,099) 73,096 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Belfast City Council Backstage Trust TOTAL FUNDS |
At 1/4/22 £ 30,000 - - - 30,000 |
Net movement in funds £ 23,582 1,540 32,000 33,540 57,122 |
At 31/3/24 £ 53,582 1,540 32,000 33,540 87,122 |
|---|---|---|---|
continued...
13
ACCIDENTAL THEATRE LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds ACNI - Lottery fund Queens University Ulster University The American Ireland Belfast City Council Backstage Trust Innovate UK TOTAL FUNDS |
Incoming resources £ 261,845 79,850 20,978 63,192 17,395 33,455 32,000 50,000 296,870 558,715 |
Resources Movement expended in funds £ £ (238,263) 23,582 (79,850) - (20,978) - (63,192) - (17,395) - (31,915) 1,540 - 32,000 (50,000) - (263,330) 33,540 (501,593) 57,122 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
14
ACCIDENTAL THEATRE LTD
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024
| 31/3/24 | 31/3/23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Box Office, Workshops & Books | 34,399 | 43,945 |
| Other income | 7,077 | 6,308 |
| 41,476 | 50,253 | |
| Hire and Rental income | ||
| Rents received | 43,974 | 35,939 |
| Hire | 24,042 | 49,162 |
| 68,016 | 85,101 | |
| Charitable activities | ||
| Grants | 180,028 | 133,841 |
| Total incoming resources | 289,520 | 269,195 |
| EXPENDITURE | ||
| Charitable activities | ||
| Venue Team | 16,208 | 10,351 |
| Equipment and materials | 33,212 | 35,229 |
| Artists costs | 10,766 | - |
| Booker Payments | 254 | 14,737 |
| Property repairs | 1,004 | - |
| Travel | 1,006 | 3,540 |
| Sundries | 1,749 | 138 |
| 64,199 | 63,995 | |
| Support costs | ||
| Management | ||
| Wages | 45,146 | 84,338 |
| Sub-contractors | 51,200 | - |
| Pensions | 2,403 | - |
| Rent & rates | 20,250 | 16,500 |
| Insurance | 668 | 804 |
| Light and heat | 5,284 | 5,300 |
| Telephone | 9,924 | 8,191 |
| Facilities & supplies | 68,750 | 10,326 |
| Advertising | 2,049 | 1,240 |
| Memberships | 645 | 720 |
| Carried forward | 206,319 | 127,419 |
This page does not form part of the statutory financial statements
15
ACCIDENTAL THEATRE LTD
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024
| 31/3/24 | 31/3/23 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Brought forward | 206,319 | 127,419 |
| HMRC Disallowed VAT | 16,034 | - |
| Bad Debt | 5,425 | - |
| Depn of plant & machinery | 7,582 | 3,310 |
| 235,360 | 130,729 | |
| Governance costs | ||
| Accountancy fees | 3,680 | 1,375 |
| Legal fees | 2,255 | - |
| 5,935 | 1,375 | |
| Total resources expended | **305,494 ** | 196,099 |
| Net (expenditure)/income | (15,974) | 73,096 |
This page does not form part of the statutory financial statements
16