South Bank Playhouse Ltd.
Statement of Financial Activities for year ending 30 April
2025
| Note Income: Donatons and legacies 2 Income from charitable actvites: Performances in other venues Income from other trading actvites Investment income Bank Reconciliaton adjustment Total income Expenditure Expenditure on charitable actvites: Operaton of theatre 3 Grant disbursement Total expenditure Net income/(expenditure) and net movement in funds for the year Reconciliaton of funds Total funds brought forward Total funds carried forward |
Total Funds 2024/25 (£) Total Funds 2023/24 (£) 26,039.63 24,779.02 0.00 0.00 0.00 0.00 0.00 0.00 218.80 0.00 |
|---|---|
| 26,258.43 24,779.02 |
|
| 20,695.90 19,346.84 0.00 0.00 |
|
| 20,695.90 19,346.84 |
|
| 5,562.53 5,432.18 34,862.41 29,430.23 |
|
| 40,424.94 34,862.41 |
South Bank Playhouse Ltd.
Balance Sheet as at 30 April 2025
| Note Fixed assets Tangible assets 4 Total fxed assets Current assets Debtors Gif Aid to be claimed Prepayment of Royaltes Prepayment – Water bill Prepayment - Rent Subscriptons received afer year end Subletng received afer year end Investment - held in fxed term acct Cash at bank and in hand Total current assets Liabilites Creditors falling due within one year Buildings insurance premium First Night Insurance Eurofre – Fire Safety Checks Expenses paid afer year end Rent for extra month (year end amend) Total liabilites Net current assets Total assets less current liabilites Creditors– falling due afer more than one year Buildings insurance premium Net assets The total funds of the charity |
2025 (£) 2024 (£) 694.69 1,388.69 |
|---|---|
| 694.69 1,388.69 |
|
| 8,433.11 576.00 206.48 2,285.93 0.00 200.00 10,000.00 9,842.32 0.00 157.45 2,285.93 250.00 0.00 0.00 19,513.87 23,394.48 |
|
| 41,215.39 35,930.18 723.16 1,333.77 0.00 360.71 0.00 0.00 761.98 0.00 0.00 761.98 |
|
| 1,485.13 2,456.46 |
|
| 40,424.94 34,862.41 0.00 0.00 |
|
| 40,424.94 34,862.41 |
|
| 40,424.94 34,862.41 |
South Bank Playhouse Ltd.
Statement of Cash Flows for year ending 30 April 2025
| Note Cash provided by operatng actvites 5 Cash fows from investng actvites Purchase of leasehold improvements Cash provided by (used in) investng actvites 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 |
2024/25(£) 2023/24(£) |
|---|---|
| 5,900.59 2,610.00 |
|
| (10,000.00) 0.00 0.00 0.00 |
|
| (10,000.00) 0.00 |
|
| (4,099.41) 2,610.00 23,613.28 21,003.28 |
|
| 19,513.87 23,613.28 |
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 £5,562.53, 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
| Donatons from members (incl. Gif Aid) Donatons for performances Donatons for use of premises, props, costumes Donatons for performances by another company Total 3. Analysis of expenditure on charitable actvites Producton expenses Payment to other company for performance Insurance Rent Repairs & renewals Heat & light Postage, statonery, household Bank charges & fees Sundry expenses Depreciaton & Amortsaton Total expenditure |
2024-25 (£) 2023-24 (£) 11,210.45 10,372.50 12,279.18 10,706.52 2,550.00 3,700.00 0.00 0.00 26,039.63 24,779.02 2024-25 (£) 2023-24 (£) 3,752.39 2,972.18 0.00 0.00 1,176.84 890.96 9,143.72 9,143.72 2,235.60 1,453.15 3,257.86 3,110.37 189.92 513.02 215.17 556.34 30.40 13.10 694.00 694.00 |
|---|---|
| 20,695.90 19,346.84 |
4. Tangible fixed assets
| Cost At 1st May 2024 Additons Disposals At 30th April 2025 Depreciaton At 1st May 2024 Charge for the year At 30th April 2025 Net book value at 30th April 2024 At 30th April 2025 |
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 |
|
| 12,506.40 4,502.00 17,008.40 266.00 428.00 694.00 |
|
| 12,772.40 4,930.00 17,702.40 |
|
| 531.98 856.71 1,388.69 265.98 428.71 694.69 |
Cs
5. Reconciliation of net movement in funds to net cash flow from operating activities
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|||||||
|---|---|---|---|---|---|
|2024-25|(£)|2023-24|(£)|
|Net movement|in|funds|5,562.53|5,432.18|
|Add|back|depreciation|charge|694.00|694.00|
|Decrease|(increase)|in|debtors|
|Gift Aid payment to be claimed|1,409.21|(1,924.50)|
|Gift Aid payment received|0.00|0.00|
|Accrual for subscription —|P McDonagh|250.00|0.00|
|Subletter payment to be received|(200.00)|0.00|
|Bank Reconciliation|adjustment|(218.80)|0.00|
|Increase|(decrease)|in|creditors|
|Buildings|insurance premium|(610.61)|530.25|
|Prepayment — Rent|0.00|(2,285.93)|
|Prepayment — Royalties|(576.00)|414.00|
|Prepayment|-|Water Bill|(49.03)|0.00|
|Expenses|to|company members|0.00|0.00|
|Additional month’s|rent due|to year end amend|0.00|0.00|
|First Night Insurance|(360.71)|0.00|
|Net cash|provided|by operating|activities|5,900.59|2,610.00|
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Signed:
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a ey
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Examined by:
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bel 4
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John Grattan Treasurer
Christopher Palmer
Date: Z| Z, [ ZOZ6 .