## **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 **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |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| **----- End of picture text -----**
Signed: **----- Start of picture text -----**
a ey
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Examined by: **----- Start of picture text -----**
bel 4
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John Grattan Treasurer Christopher Palmer Date: Z| Z, [ ZOZ6 . ## Date: Te ee LOLS