Brassneck Theatre Company {A cornpany Ilmliod by guarantaa, not havSng a 6har• eapltal) Annual Report and Unaudlted Flnancial Statements for the flnanclal year ended 31 December 2023 Company Number: N1072517 Charity Number: 105096
Brassneck Theatre Company (A company limited by guarants•, not havlng a share capttal) CONTENTS Pago Reference and Administrative Infomation Dlrectors, Annual Report statement of Dlrectors. Responslbillties Independent Examlnerfs Report Statement of Flnanclal Actlvltles 10 Balance Sheet 11 Notes to the Flnanclal Statements 12-14 Supplementary Informatlon relatlng to the Financial Statements 15
Brassneck Theatre Company IA cornpany Ilmlted by guarantee. not having a share capitsD REFERENCE AND ADMINISTRATIVE INFORMATION Dlrector& Kevin Gamble Maria MGCourt Connla Mccann Niall Murphy Rebecca Dalzell (Appointed 115o024} Carrie-Anne McAlonan-McCrudden (Resigned 12106120231 Mlchael Conlon {Resigned 12106120231 Company Secretary Conn18 Mccann (Appointed 12106120231 Michael Conlon IR8signed 12106120231 Charlty Number In Northern Ireland 105096 Company Nunbgr N1072517 Ro918tsred Offlco and Prfnclpal Addre•8 2 Hannahslown Hlll Hannahstown Belfast Co. Antrim BT17 OLT Northern loland Independent examlner PGR Accountsnls Limf(ed Chart•rfd krounlanls Unlt 2 Channel Wharf 21 Old Channel Road Belfast Co. Antrlm BT3 9DE Northern Ireland
Brassneck Theatre Company IA company limited by guarante8, not having a share capitsll DIRECTORS, ANNUAL REPORT for the finanaal year ended 31 December 2023 The directors present their Directors, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year en(led 31 December 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepèring their financial slal&ments in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Directors, Report contains the information required to be provided in the Directors. Annual Rèport under the statement of Recommendèd Practice ISORPI guelIneS. The directors of the company are also charhty Iruslees for the purpose of charity law and under the company's constf(ution are known as membèrs of the board of trustees. In this report the difectors of Brassneck Theatre Company present a summary of ils purpose. governanca, aclNilles. achievements, and finances for the financial year 31 DecernbeT 2023. Th& company is a registered charity and hence the report and results are presented in 8 forn which complies wlth the requirements of the Companies A¢1 2006 and, although not obliged lo comply with the Slalemenl of Recommended Practice applicab in the UK and Republic of Ireland FRS 102, the organisalion ha5 implemented its reGommendalions where relevant in these flnancial slalemenls. MFsslon, Oblectlv••. and Stratsgy Ml3¥lon Statement By producing qu81ity, professlonal Ihealre, 8ra55neck Theatre Comp4ny conlribulBs lo the re-imaging of Wesl Belfast by endeavouring to break the pre-concepllons that exi31 about this part of our city. The cornpany plays an inlegfal part in everyday West Belfast society by enriching people's lives in the communities that we Serve. Our work reflects all our citizens and is 8ccessibl8 to all. Brassneck The81 Company is also dedicated lo supporting the development of Iccal artists. writers. directors, designers, technicians elc. Brassneck Theatre Company also operates a youth company, 'Br8ssneck Youth., Ils primary focus is nurturing children ¥iid yuuiiu p¥uple by pi'uvldlng Ih8m wllh prof#yylonal #ris tralnlng, maslvrLIu5y¥y, wuiksliuy¥ lu ¥iiwui¥y access and participation in the arts while equipping them with the required 10015 to become the industry professionals of tomorrow. Another key priority of the company is ensuring the accessibility of theatra throughout the human lifecyd8'. from promoting access lo theatre from the very start through education, a3 well as creallng opportunities for children and young peopkry for those considerin9 a careeT in the art5. The vision of Brassneck Theatre Company ig to provide qualty, profossional theatre lo local communitias and further afield by focusing on the development of new writing which addresses themes of identity, history, culture, and religious and racial tolerance. Our productions will continue lo be premiered in Wesl Belfast, before touring extensively across Ireland and further gfield therefore cregting and sustslnlng 8 vibrant, healthy society. Objectives Brassneck Theatre Company has created a six-strand approach to achieving ils Gore values, one that encapsulates both our mission and vision. To create prDfession81, quality, and accessible theatre and delivering it lo the highest possible standards To develop and nurture our youth members as well as local artists, writers, designers & tgGhniGian8 To be proactive in ¢ontribuling lo the re-imaging of Wesl Belfast To promote Dur plays, through themes of Klenlity, history. culture, and loleranca To reprBsenl IDcal Gomrnunities by provlding them with 8 collective and inclusiv8 voice To collaborate With new and existing funding partners and private sponsors to improve company suslainabilty To develop aUdIenS 81 a loc81, national. and intemational level as well as developing ngw audiences Structure, Govgm¥ncg •nd Managemont Structure Brassneck Theatre Company has 8 m8n8gement committee of up lo 6 members who meet quarterly and are responsible for the strategic direction and policies of the chadty- Al prespnl the charity has 6 member5 from a variety of professional backgrounds relevant lo the work of the charity. A Scheme of delegation 15 in place and day to day responsibility of the services re51 with the Cornpany Manager and Artistic Director. They are Tesponsible for ensuring the charity delivers the services specified and that key performance indicators are mel. Sub-committees are in place to revEw some areas in greater detail e.g. finance and HR, programming, marketing.
Brassneck Theatre Company IA company Ilmltsd by guarants8, not having a share eapltall DIRECTORS, ANNUAL REPORT for the financi81 year ended 31 December 2023 Govemanco The Company was incorporated on 6th May 2009 as Brassneck Theatre Company. The company is constiluled under a Memorandum and is governed under its Artides ofAssociation. There have been amendments to the governing documents in the year. The Company has been registered with the Charity Commission for Northem Iland from 30th June 2016 under registration number NIC105096. Publlc Beneflt Bras5neck Theatre Company mfjel the public benefit requlrement In the following ways.. as slated in our Mission Slalement we were e$lablished in order to satisfy the huge appelile for quality professlonal tho8t in thi$ part of the city. Since 2007 the company has played an Inl8gr81 part In everyday West Belfast society by enriching people's1Sves in the communities that we serve. Ourwork reflects all our citizens and is aSsIble lo all. We have provided a plattom lor Ioc81 artists. writers. musicians, and technicians lo have their voices heard and talents highlighted on a local, national, and international platform. The youth training strand of our work provkles quality. 8ffordabl8 professional slandard perfomiing arts training to children and young people from dtsadvanlaged backgrounds. BraSSTieck Theatre Company h8s been at the forefront of developing new audiences. We premiere all our work in non-tradilional venues such as 50ual dub5 or sports halls lo break down the barner for new audiences. This affords our audience members the opportunlty to see their Stories in a setting that is comfortable and affordablB'lhe benefit of this 18 the promotion of self- value and self-85te8m as our audiences leave feeling valued as citizens when they see their ytories told through the medium of Ihealre. By keeping Ilckel prices low and compelltlve, we find that we eng8ge a large number of citizens who may not Usual attend the theatre on a regular basis. People who m8y consider the arts lo be inaccessible due to class misconceptions or preconception5 that the arts are simply inaccessible to them through their financial or social status. Our prices have not changed for eleven years now. from flagshlp to regional and rural, unlr8dllional venues, thus assuring acce5S to the arts for all our citizens as well as building 4 sustainable sector. Community Development arKI Engagement happens naturally throughoLJI all strand3 of our work,. this is done through the devèlopment of new stories, the nurturlng r>f new writers, actors, teChnlan3, the Opportunity of p8rt1clpalory art$ training lo chlldren and young people, the provision of quality arts in areas where il ia rnoal out ef reaeh. Indirect benefldarfes of our work include young people placed on work experience, a sharing of resources wllh other relev8nl arts companies, contribution to local government strategy and policy, inlervlews with PHD students lo irrform futu rese8rch, contdbutlon al confeTence8. There are no benefits within Br8ssneck'8 work that woukl le8d to any hgrrn. There are also no private beneficiarie$.
Brassneck Theatre Company {A company limited by guarantee, not having a 8haT8 capital) DIRECTORS, ANNUAL REPORT for the fin8nci81 year ended 31 December 2023 Revlew of Actlvitles, Achlevements and Perforniance New Writing Bia55neck Theatre Cornpany have been developing, supporting, and nurturing emerging playwrights for the last 17 years. We do this by providing them with a professional platform. In the year 2023 we supported 3 new plays, reaching over 6000 audience members, played at 18 venues nationwide, and employed over 40 artists. Partiapalion Brassneck Youth young training programme provides a platform for children and young people aged 4-18yr5 to participate in quality, affordable perfoTrning arts training. We engaged with over 90 chlldren and young people aged 4- 18 in the year 2023. We collaborated with variou5 youth and art5 on creating work addressing issues around mental ill health and the promotion of positive mental health. We created opportunities lor our member5 to audition for professional theatre, Film and TV, and as a result 7 of our members were engaged in professional contracts in 2023. Our members supported local arts festivals and organi¥ations in the dellvery of their arts programmes by parb'cipaling arKI performing. Bra55neck Youth members worked with over 20 8ddilional professional artists developirrfj skills in many disciplines over the year. We benefited greatly from the addition of new volunteers to our programmes thig year. Collaboratron Brasgned( Wofks Collaboratively wSlh many dlfferenl artistic disciplines and artists thrcughoul all our work. Throughout 2023 we worked on 3 productions and worked with over 40 differant artlsts. We collaborated with Equlty the union to sign 2 bespoke agreements lo improve working conditions for Pertormers, stage manogers and directors. We collaborated with 18 venues and used our own venue lo host a noV0rking event for over 40 artists and 6 organisalions in collaborallon with thè Switchboard Noork. Produdlons 'My Corona, by PBarse Elliott al The Devenish, Bewasl. Roddy Mccorley Heritage Cgntre and n•tlonal tour 'Project Children, by Fionnuala Kennedy al St Comgall's Belfast 'Cinderell8' by Nell Kegry at The Devenlsh, Belf8sI Aw8rd6 and oth•r 6ignifioanl aGtivf(i•s Brassneck Theatre Co funded the Marc O'shea Aisling Bursary. This is a £500 financial bursary for students pursuing career in Performlng Arts. 'PTDj8Ct Children, was nominated for an Aisling Award in the arts & culture category. Flnanclal R•vl•w The Trustees are very appreciative of the continued financial support Ihgt Is provided by ACNI, G8rfield Weston, Andrew Lloyd Webber. Arts and Business Nl, C¢)mmunity Foundation Nl, BBC Children in Need, Halifax Foundation Nl 8nd BCC on project funding. Flnanclal Resutts Al the end of the financial y8ar the company has assets of £129,59312022.' £115,068) and liabilities of £1,300 (2022.. £1,300>. The nel assets of the company have increased by £14,52512022.' £25,106). Golng Concem Having reviewed the resourcxs available the directors believe that the compgny ha8 sufficient resources available to enable il lo continue to meet ils ongoing obligations as and when they fall due for a period of al188sI 12 months from the dale of approval of the financial slatemenls. In forming their assessment, the directors considered the company's current financial position, ils income streams. and 115 lunding requirernents to May 2025. Accordingly. the directors consider il appropriate to continue to adopt the going concern basis in preparation of the financial statements.
Brassneck Theatre Company IA company lirnited by 9uarantee, not having a share capital) DIRECTORS. ANNUAL REPORT for the financial year ended 31 December 2023 Dlrectors The directors who served throughout the financial year. eXpt as noted. were as follows.. Carrie-Anne MtAlonan-McCrndden (Resigned 12106120231 Maria Mccourt Connla Mccann Niall Murphy Kevin Gamble Michael Conlon (Resigned 12106120231 Subsequent to the balance sheet date, Rebecca Dalzell was appointed as director on 1 May 2024. The 8ecr&lary who served during the financial year was- Michael Conlon {Resigned 12106120231 Connla Mccann {Appoinled 12106120231 Compllan¢e wlth Soctor-wldw Lgglslatlon and Standards The company engages pro-8Ctively with legis18tion, standards and codes whlch are developed for the sector. Brassneck Theatre Company subscribes lo and is compliant with the following.. The Compgnies Act 2006 The Charities SORP IFRS 1021 Approv•d by the Board of Dlrectors on 16th May 2024 and signed on Its behalf by: Marla Mccourt Director Dale.. 16 May 2024
Brassneck Theatre Company {A eompany Ilmltsd by guarantee, not havlng è sharè eapltsll STATEMENT OF DIRECTORS. RESPONSIBILITIES for the financial year endod 31 December 2023 The direetots are responsible for preparlng the financial ststements in accordance with 8pplicable law and regulations. Company law requires the dirBctor5 to PTep8re financial statements for each financial year. Under that law the diredors have elected lo prepare the financial slalements in accordance with United Kingdom Generally Accepted Accounting Practic£ (United Kingdom Accounting Standards and applicable lawl including FRS 102 "The Fin8ncial Reporting Standanl applicable in the UK and Republic of Ireland" Section IA (Small Entities). Under company law the directors must not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the state of affairs of the ryimpany and of the surplu¥ or deficil of the company for that period. In preparing these finanaal statement5, the directors are required lo.. select suitable accounting policies and appty them consistently., make judgements and estimatss that aTe reasonab and prudent.. stsle whether the financial statements have been prepare(l in accordance with the relevènt financial reporting framework, identify those standards. and note the effect and the reasons for any material departure from those standards,. and prepare the financial statements on the going concem basis unless it is inappropriate to presumEt that the company will continue in operatlon. The director$ ¢onfimi that they h8ve mplIed with the above requirements in preparlng the financial statements. The directors are responslble for keeplng adequate accounllng r8cord$ that ar• sufficiant to show and explaln the company's transactions and disclose with reasonable accuraey al èny lime the flnancial position of the company and enable them lo ensure that the financial slalemenls comply with. They are also r8sponsible lor safeguarding tho assets of the eomp8rty and hence fortaking reasonoble steps forthe pventIOn and delBCtlon Df fraud and other irregularities. Approved by the Board of Dlrnctorn on 16lh May 2024 And •lgned on Its behalf by.. Marla Mccourt Dlr•ctor Dats: 16 May 2024
Brassneck Theatre Company IA company Ilmltsd by gLsarant8e, not having a share capfjtall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF BRASSNECK THEATRE COMPANY I report on the financial statements of Brassned( Theatre Company {or'the charity'l for the financial year ended 31 December 2023, which comprise the Ststement of Financial Aclivilies, the Balance Sheet. and the related notes. Respective responsibilities of dlrectors and examiner As the charity directors you are responsible for the preparation of the accounts in accordance with the lemis 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, il is my responsibility to.. examine the accounts under section 65 of the Chafilies Act (Nothem Ireland) 20081'the Charities Acr) as amended by the Charities Act (Northern Ireland) 2022 where applicable,. follow the procedures laid down in the general Directions given by the Charlty Commission for Northem Ireland under section 6519llbl of the Charities Act.. and slate whether particular matters have come to my attention. Basls of Indèpendent ex•mlnerf5 report I have examined the charity accounts 8$ required under section 65 of the Charities Act and my examSnation was carried out in accordance with the general DirectSons giv&n by the Charity Commission for Northem Ireland under section 6519llbl 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 Ih05e records. It al30 induded consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matter8. An independent examination does not invofve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit go beyond the limited assurance that an independent examination can provide. Consequently, l express no opinion a5 to whether the accounts present a 'lrue and fair view,, and my report is limited to those specific matters sel out in the independent examinels statement. My role is lo state whether any material matlerg have come to my attention giving me reasonable cause to believe.. 1. That acrA)unling records were not kept in accordance with section 63 of the Charities Act (Northern Ireland} 2008 88 amended by the Charities Act (Northern Ireland) 2022 where applicable and section 386 of the Companies Act 2006., 2. That the accounts do not acujrd with those accounting reco9., 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 20C6 and wth the method8 and principles of the Slalement of Recommended Practi¢e'. Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102), and 4. That there 18 further information needed for a proper understanding of the account5 to be reached. Independent examlner'8 statement I have completed my exarnination and have no concerns in respect of the rnatters111 to14} listed above and, in connection with following the Directior)s of the Charity Commission for Northern Ireland. I have found no matters that quire drawing to your attenlion. Mr Jonathan McNeill For and on behalf of PGR Chartered Accountants Unil 2 Channel Wnarf 21 Old Channel Road Belfast, Co Anlrim BT3 9DE Dated:
Brassneck Theatre Company IA company Ilmlted by guaranta•, not havlng a share capltall Company Nurnbèr.. N1072617 STATEMENT OF FINANCIAL ACTNITIES as at 31 Dember 2023 Unrestrlcted Restrlcted Funds Funds 2023 2023 Total Unrestricted Restricted Fund¥ Funds 2022 2022 Total 2023 2022 Not•¥ Incom• Charitable activities Other income 63.080 18,725 175,093 238,173 18,726 17,002 6.655 145,311 500 162,313 7,155 Total Income 81,806 176,093 266,898 23,657 145,811 169,468 Expèndlture Charitable activltie8 Other expenditure 2.842 4,326 21B.337 16,868 221,179 21,194 705 1,440 130,155 12,062 130.860 13,502 Total Expéndlture 7,168 235,205 242,373 2.145 142,217 144,362 Net Incom•ll•xp•ndltur81 Transfers tse0 fiind8 74,637 166,6121 160.1121 56,612 14,625 21,512 {61,052} 3,$94 61,052 25.106 Netrnovement In fund• for tho flnancl¥l y•ar 18,025 13,6001 14,525 {39,5401 64,846 25,106 R•conclllatlon of fund• Balances brought forward al 1 January 2023 108 113,660 113,768 39.648 49,014 88,662 Balances carrled forw•rd at 31 Dernr 2023 18,133 110,160 128,293 108 113,660 113,768 The Slotement of Financial Activilles includes all gains and1088•s recognised in the finanGial year, All income 8nd expendlture relate to conlinulng activrtles. The notes on pages 12 to 14 form part ofthe financK81 stslemts 10
Brassneck Theatre Company IA ¢ompany limited by guarantee. not havlng a share capltal} Company Number.. N1072S17 BALANCE SHEET as at 31 December 2023 2023 2022 Notss Flxed Assets Tangle assets 44,906 51.468 Current Assots Deblo Cash al bank and in hand 23.255 61.432 13,978 49,622 84.687 63,600 Crndltor•: Amounts falllng due wlthln one year (1,300) 11,3001 N•t Curr•nt Aets 83.387 62.300 Total As8ets le•• Curr•nt Ll•bllltl 128,293 113,768 Funds R8slricted trust funds General fund lunrestricted} 110,160 18,133 113,660 108 Total funds 128,293 113,768 These financl818tstements have been prepared In accordance with the special provision5 relating to small componYè¥ wilhln Part 15 of the CompanSes Act 26. For the finanGiaS year ended 31 December 2Q23 the Gompany wa8 entilled to exemption from au¢Jrt undgr •pGlion 477 of the Compankrys Act 2006., and no notice has been deposited urKler section 476. The directors confirm that the members have not required the company lo obtain an audit of its finandal slateTnents for the finanual year In questlon in accord8nGry with section 476 of the Companies Act 2006. The directors acknowlèdge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for pparing finanaal statements wh¢ch give a true and fair view of the slate of affairs of the company as al the end of the financial year and ol ils profrt and loss lor the flnandal ye8r in accordance with the requirements of seth'ons 394 and 395 and which otheise comply with the requiiemenis of the Compan*s Act 2006 relating to financial statements. so far as applicable lo the company. The financial statements h8v8 been pr8p8red in accordanc8 with the provision8 appIicAble to Gompanle$ 8ublact to the small companies, regime and in accordance with FRS 102'The Flnancial Reporting Standard applicable In the UK and Republic of Ireland" apptying Section 1A of that Standard. Approv•d by th• Board of DlreGtorn and authorlsed for l¥su• on 16th May 2024 and •lgned on Itg hall by Marla Mccourt Director The note5 on page5 12 to 14 fonm part of the finanryal ststements 11
Brassneck Theatre Company IA cornpany Ilmited by guarantee, not having a sharn capitall NOTES TO THE FINANCIAL STATEMENTS for the ffnanaal year ended 31 December 2023 GENERAL INFORMATION Brassneck Theatre Company is 8 company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 2 Hannahstown Hill, Belfast Co. Anlrim, BT17 OLT, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound Sterling (£1 which is also thè functional currency of the company. Income Voluntary income or capitsl is included in the Statement of Fin8ncial Activities when the company is legally entitled to it, ils financial value can be quantrfied with feasonable certainty and there is reasonable certainly of ils ultimate recèipt. Entitlement to legacies is consldered established when the company has been notified of a distnbution tts be made by the executor5. Income received in advance of due perfemance under a contract 1$ accounted for as deferred income until earned. Grants for activities are recognised as income when the related condition5 for legal entitlement have been mel. All other incom8 is accounted for on an accrual's basis. Unrestricted income relates lo box Off8 fee In¢ome and $triCd Incorne relates lo grant Income. Expgnditure All resourr*s expendèd are accounted for on an accrual's basi$. Charitable acllvlties include ccsls of services and grants, 5UPPQrt costs and depreciation on related 85sets. Coslg of generating funds similarty inclLtde fundr8i5ing aclivitSes. Non-staff costs not attributed lo one category of activity are a15ocated or apportioned pro- Tata lo the staffing of the relevant service. Finance. HR, IT and admini51ralive staff cos15 are directly allribulable lo individual activities by objective. Govern8nce costs are those associated wllh constitutional and 5talulory requirements. Tanglblo flxed assets and depreciation Tangible fixed a35ets for the use of the charty are capilalised if they can be used for more than one year, and cost at least £500. They are staled al cost or al valuatson, less accumulated depreciation. The charge lo depreciation is c8lcu181ed Ic write off the original cost or valuation of tangible fixed 888els, less their eslimatsd resisjual value, over their expected useful lives as follows.. Fixtures, fitting3, and equipment 20% Stralghl Iln• Debtorn Debtors are recognised al the s8tt18mant amount due after 8ny discount offered. Prep8ymenls are valued al the amount prepald net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, bul not yet received at year end, is included in debltsr8. Cash at b•nk and In hand Cash Al bank and in hand comprises cash on deposlt at banks requirlng less than thre8 month$, notice of wlthdrawal. Taxatlon and d•f•rred taxatlon No current or deferred laxalion arises as the company has been granted charltable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME CHARITABLE ACTIVITIES Unro$trl¢ted Restrlctsd Funds Funds 2023 2022 Box office income lunfeslricted} and grant income {reslricledl 63,080 175,093 138.173 162,313 OTHER INCOME Unrestricted Restrfcted Funds Funds 2023 2022 Olher income 6,275 12.450 18,725 7,155 12
Brassneck Theatre Company {A ¢ompany limited by 9uarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2023 EXPENDITURE CHARITABLE ACTivmES Dlrect Costs Other Costs Support Costs 2023 2022 Expenditure on ch8rilable activities 193.934 27.246 221,179 130,860 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2023 2022 Other expenditure 21,194 21.194 13,502 NET INCOME 2023 2022 Not Incom• is 8tat•d aft•r charglngllcr•diting): Depreciation of tangible assets 16,868 12,062 TANGIBLE FIXED ASSErs Flxtur••, flttlngs and •qulprnent Total Cost Al 1 January 2U23 Addlllons U,bl)4 10,306 8U,Sb4 10,306 Al 31 December 2023 90,870 90,870 Dopreclatlon Al 1 January 2023 Charge for the financi&l year 29,096 16,888 29,096 16,868 Al 31 December 2023 45,964 45,964 N•t book value At 31 December 2023 44,906 44,906 At 31 De¢ember 2022 51,468 51,468 OEBTORS 2023 2022 Prepayménts and aecrued income 23,255 13,978 CREDITORS Amounts falling due wlthln one year 2023 2022 Accruals and deferred In(xJme 1.300 1,300 13
Brassneck Theatre Company IA company limited by guarantse, not havin9 o share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financAal year ended 31 December 2023 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restrleted Funds Funds Total Funds At 1 January 2022 Movement during the flnanclal ye8T 39,648 139,5401 49,014 64.646 88.662 25,106 At 31 Oecember 2022 Movemenl during the financial year 108 18,025 113.660 13,5001 113,768 14,525 At31 Oecemb8r 2023 18,133 110,160 128.293 ANALYSIS OF MOVEMENTS ON FUNDS Balanc8 1 January 2023 Income Expendlture Transfor8 Balance between 31 December funds 2023 Restrlcted fund• Core Fund Youth Fund Projects Fund Bursary Fund 12,580 54,318 46,615 147 33,138 78,955 63.000 (92,4511 {61,1771 {81,0771 15001 65,738 18,507 28.4691 836 19,005 90,603 69 483 113,660 175,093 1235,2051 56,612 110,160 Unrestrlctsd funds General Fund 108 81,805 17,1681 156.6121 18,133 Total funds 113,768 266,898 1242,3731 128,293 ANALYSIS OF NET ASSETS BY FUND Flxed assats Current assets Current Ilabllltlos Totsl Restrlcted trust funds 44.906 65,254 110,160 Unrestricted general funds 19,433 (1,3001 18,133 Nel assets al 31 December 2023 44,906 84,687 11,3001 128,293 10. STATUS The comp8ny is limited by guarantee not having a share capital. The liabllity of the members 15 limited. Every member of the company undertakes lo contribute to the assets of the company in the event of its being wound up while they are members, or within one year Ihereafter, for the payment of the debts 8nd liabilrties of the company contracted before they eeased to be members. and the costs, charges and expenses of winding up, and forthe adjuslTnent af the rights of the contribulois among themselves, such amount as may be required, not exceeding £1. 11. POST-8ALANCE SHEET EVENTS There have been no significant events aff8cting the company since the year*nd. 14
BRASSNECK THEATRE COMPANY IA cornpany Ilmlted by guardnta•, not havlng a shaTr capltaD PPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS THE FINANCIAL YEAR ENDED BER 16
Brassneck Theatre Company IA ¢ompany limited by guarantee. not havln9 J share capitsll SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Slalement foi the financial year ended 31 December 2023 2023 2022 Income Box office and fees income Grants received 63.080 175.093 17.002 145,311 23B,173 162,313 Expenses Salaries and creatives Stsge and productlon costs Insurance ond office running cos18 Advertlsing and website expen5e5 Travelllng, subsistence and hospitality Accountan Bank charges General expenses Depreciation 187,91S 26.019 17.689 490 2,792 3,464 351 6,785 16,868 100,960 10,984 12,800 1,038 630 1,440 75 4,373 12,062 242,373 144,362 Ml¥cgllanoou8 Incoln• Sundry Income 1 B,725 7,155 Not surplus 14.525 25,106 The supplementary informatlon does Ilot fom part of the financial statements 16