2023-04-30-accounts

South Bank Playhouse Ltd.

Statement of Financial Activities for year ending 30 April 2023

Note Income: Donations and legacies 2 Income from charitable activities: Performances in other venues Income from other trading activities Investment income Grant income Total income Expenditure Expenditure on charitable activities: Operation of theatre 3 Grant disbursement Total expenditure Net income/(expenditure) and net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds carried forward	Total Funds 2022/23 (£) Total Funds 2021/22 (£) 22,707.69 17,913.39 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 0.00
	27,707.69 17,913.39
	19,689.16 17,388.13 5,000.00 0.00
	24,689.16 17,388.13
	3,018.53 525.26 26,411.70 25,886.44
	29,430.23 26,411.70

South Bank Playhouse Ltd.

Balance Sheet as at 30 April 2023

Note Fixed assets Tangible assets 4 Total fixed assets Current assets Debtors Gift Aid to be claimed Prepayment of Royalties Prepayment – Water bill Subscriptions received after year end Cash at bank and in hand Total current assets Liabilities Creditors falling due within one year Buildings insurance premium First Night Insurance Eurofire – Fire Safety Checks Expenses paid after year end Rent for extra month (year end amend) Net current assets Total assets less current liabilities Creditors– falling due after more than one year Buildings insurance premium Net assets The total funds of the charity	2023 (£) 2022 (£) 2,082.69 3,362.77
	2,082.69 3,362.77
	7,917.42 414.00 157.45 0.00 7,788.88 792.00 157.45 250.00 20,784.48 18,459.71
	29,273.75 27,448.04 803.52 3,023.50 360.71 0.00 0.00 0.00 761.98 133.20 480.43 761.98
	1,926.21 4,399.11
	29,430.23 26,411.70 0.00 0.00
	29,430.23 26,411.70
	29,430.23 26,411.70

South Bank Playhouse Ltd.

Statement of Cash Flows for year ending 30 April 2023

Note Cash provided by operating activities 5 Cash flows from investing activities Purchase of leasehold improvements Cash provided by (used in) investing activities Increase (decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Total cash and cash equivalents at the end of the year	2022/23(£) 2021/22(£)
	2,324.77 (2,983.58)
	0.00 (1,329.98)
	0.00 (1,329.98)
	2,324.77 (4,313.56) 18,678.51 22,922.07
	21,003.28 18,678.51

Notes on the accounts

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

South Bank Playhouse Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

b) Preparation of the accounts on a going concern basis

The company’s statement of financial activities shows an increase in funds for the year of £3,018.53, and we assert that the charity is a going concern on this basis.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, 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.

d) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

e) Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Asset Category	Annual rate
Equipment	20%
Leasehold improvements	10%

2. Income from donations and legacies

	2022-23 (£)	2021-22 (£)
Donations from members (incl. Gift Aid)	10,183.13	10,621.88
Donations for performances	8,392.16	3,454.51
Donations for use of premises, props, costumes	3,755.00	3,837.00
Donations for performances by another company	377.40	0.00
Total	22,707.69	17,913.39

3. Analysis of expenditure on charitable activities

Production expenses Payment to other company for performance Insurance Rent Repairs & renewals Heat & light Postage, stationery, household Bank charges & fees Sundry expenses Depreciation & Amortisation Total expenditure	2022-23 (£) 2021-22 (£) 2,429.92 1,259.10 400.00 0.00 865.71 961.71 9,143.72 9,905.70 1,835.95 405.99 2,823.42 2,349.80 182.53 224.76 714.83 1,000.99 13.00 0.00 1,280.98 1,280.98
	24,689.16 17,388.13

4. Tangible fixed assets

Cost At 1st April 2022 Additions Disposals At 30th April 2023 Depreciation At 1st April 2022 Charge for the year At 30th April 2023 Net book value at 31st March 2022 At 30th April 2023	Equipment Leasehold Improvements Total £ £ £ 13,038.38 5,358.71 18,397.09 0.00 0.00 0.00 0.00 0.00 0.00
	13,038.38 5,358.71 18,397.09
	11,388.32 3,646.00 15,034.32 852.08 428.00 1,280.08
	12,240.40 4,074.00 16,314.40
	1,650.06 1,712.71 3,362.77 797.98 1,284.71 2,082.69

5. Reconciliationofnetmovementin fundstonetcashflow	fromoperatingactivi	ties
	2022-23(£)	2021-22(£)
Netmovementin funds	3,018.53	525.26
Add back depreciation charge	1,280.08	1,280.08
Decrease (increase) indebtors
GiftAidpaymentto be claimed	(1,986.63)	(2,074.38)
GiftAidpaymentreceived	1,857.69	0.00
Accrualforsubscription- P McDonagh	250.00	(250.00)
Prepayment- Waterbill	0.00	(157.45)
Prepayment- Royalties	378.00	(792.00)
Increase (decrease) increditors
Buildings insurance premium	(2,219.98)	(2,711.89)
Euro/ire Fire Safety Inspection	(133.20)	(45.61)
Expenses_to_company members	(480.43)	480.43
Additional month'srentdue to year end amend	0.00	761.98
First Night Insurance	360.71	0.00
Netcash providedbyoperatingactivities	2,324.77	(2,953.18)