## South Bank Playhouse Ltd. 

## Statement of Financial Activities for year ending 30 April 2023 

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





## South Bank Playhouse Ltd. 

## Balance Sheet as at 30 April 2023 

|Note<br>Fixed assets<br>Tangible assets<br>4<br>Total fixed assets<br>Current assets<br>Debtors<br>_Gift Aid to be claimed_<br>Prepayment of Royalties<br>Prepayment – Water bill<br>Subscriptions received after year end<br>Cash at bank and in hand<br>Total current assets<br>Liabilities<br>Creditors falling due within one year<br>_Buildings insurance premium_<br>_First Night Insurance_<br>_Eurofire – Fire Safety Checks_<br>_Expenses paid after year end_<br>_Rent for extra month (year end amend)_<br>Net current assets<br>Total assets less current liabilities<br>Creditors– falling due after more than one<br>year<br>_Buildings insurance premium_<br>Net assets<br>The total funds of the charity|2023 (£)<br>2022 (£)<br>2,082.69<br>3,362.77|
|---|---|
||2,082.69<br>3,362.77|
||7,917.42<br>414.00<br>157.45<br>0.00<br>7,788.88<br>792.00<br>157.45<br>250.00<br>20,784.48<br>18,459.71|
||29,273.75<br>27,448.04<br>803.52<br>3,023.50<br>360.71<br>0.00<br>0.00<br>0.00<br>761.98<br>133.20<br>480.43<br>761.98|
||1,926.21<br>4,399.11|
||29,430.23<br>26,411.70<br>0.00<br>0.00|
||29,430.23<br>26,411.70|
|||
||29,430.23<br>26,411.70|





## South Bank Playhouse Ltd. 

## Statement of Cash Flows for year ending 30 April 2023 

|Note<br>Cash provided by operating activities<br>5<br>Cash flows from investing activities<br>Purchase of leasehold improvements<br>Cash provided by (used in) investing activities<br>Increase (decrease) in cash and cash<br>equivalents in the year<br>Cash and cash equivalents at the beginning of<br>the year<br>Total cash and cash equivalents at the end of<br>the year|2022/23(£)<br>2021/22(£)|
|---|---|
||2,324.77<br>(2,983.58)|
||0.00<br>(1,329.98)|
||0.00<br>(1,329.98)|
||2,324.77<br>(4,313.56)<br>18,678.51<br>22,922.07|
||21,003.28<br>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<br>Payment to other company for performance<br>Insurance<br>Rent<br>Repairs & renewals<br>Heat & light<br>Postage, stationery, household<br>Bank charges & fees<br>Sundry expenses<br>Depreciation & Amortisation<br>Total expenditure|2022-23 (£)<br>2021-22 (£)<br>2,429.92<br>1,259.10<br>400.00<br>0.00<br>865.71<br>961.71<br>9,143.72<br>9,905.70<br>1,835.95<br>405.99<br>2,823.42<br>2,349.80<br>182.53<br>224.76<br>714.83<br>1,000.99<br>13.00<br>0.00<br>1,280.98<br>1,280.98|
|---|---|
||24,689.16<br>17,388.13|





## 4. Tangible fixed assets 

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





## 

|5.<br>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)|