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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
4 |
Statement of financial activities (including income and expenditure account) |
5 |
Statement of financial position |
6 |
Notes to the financial statements |
8 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
11 Castle Street |
office |
Bridgwater |
Somerset |
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TA6 3DD |
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Independent examiner |
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7 Castle Street |
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Bridgwater |
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Somerset |
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TA6 3DT |
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Trustee |
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Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2023 |
2022 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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|
|
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Charitable activities |
6 |
|
– |
|
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Other trading activities |
7 |
|
– |
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Investment income |
8 |
|
– |
|
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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Total income |
|
|
|
|
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Costs of other trading activities |
9 |
6,212 |
– |
6,212 |
9,240 |
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Expenditure on charitable activities |
10,11 |
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|
|
|
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Other expenditure |
12 |
|
– |
|
|
||
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||||
Total expenditure |
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|
|
|
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
|
Net (expenditure)/income and net movement in funds |
(
|
|
(
|
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
|
Total funds brought forward |
|
|
|
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
|
Total funds carried forward |
|
|
|
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible fixed assets |
17 |
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Stocks |
18 |
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Debtors |
19 |
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Cash at bank and in hand |
|
|
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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PREPAYMENTS AND ACCRUED INCOME |
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CREDITORS: amounts falling due within one year |
20 |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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NET CURRENT ASSETS |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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ACCRUALS AND DEFERRED INCOME |
|
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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NET ASSETS |
|
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
|
Restricted funds |
|
|
|
Unrestricted funds |
|
|
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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Total charity funds |
22 |
|
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Company Limited by Guarantee |
Statement of Financial Position (continued) |
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Trustee |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Lottery refurbishment |
- |
|
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Grant equipment |
- |
|
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Fixtures and fittings |
- |
|
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Piano |
- |
|
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Equipment |
- |
|
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Art collection |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
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Donations |
2,517 |
– |
2,517 |
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Grants |
– |
12,894 |
12,894 |
|
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
|
|
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||
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
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Donations |
962 |
– |
962 |
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Grants |
32,449 |
3,599 |
36,048 |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
|
|
|
||
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
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Box office receipts |
29,813 |
29,813 |
19,875 |
19,875 |
|
Subscriptions |
554 |
554 |
650 |
650 |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
|
|
|
|
||
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
||
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
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Fundraising activities |
410 |
410 |
72 |
72 |
|
Catering and bar sales |
14,992 |
14,992 |
9,076 |
9,076 |
|
Commission on exhibition sales |
2,199 |
2,199 |
750 |
750 |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
||
|
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
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Lettings |
19,933 |
19,933 |
15,185 |
15,185 |
|
Deposit account interest |
91 |
91 |
5 |
5 |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
|
|
|
|
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
||
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
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Catering and bar purchases |
6,212 |
6,212 |
9,240 |
9,240 |
|
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Direct costs |
49,308 |
7,635 |
56,943 |
|
Support costs |
32,676 |
2,450 |
35,126 |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
|
|
|
||
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Direct costs |
42,674 |
3,589 |
46,263 |
|
Support costs |
25,056 |
– |
25,056 |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
|
|
|
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
||
Activities undertaken directly |
Support costs |
Total funds 2023 |
Total fund 2022 |
||
£ |
£ |
£ |
£ |
||
Direct costs |
56,943 |
– |
56,943 |
46,263 |
|
Governance costs |
– |
35,126 |
35,126 |
25,056 |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
|
|
|
|
||
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
||
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
||
Input VAT disallowed |
|
|
|
|
|
ÍÍÍÍ |
ÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
||
2023 |
2022 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
2,531 |
3,058 |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
|
2023 |
2022 |
|
£ |
£ |
|
Independent examination of the financial statements |
1,935 |
1,575 |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
|
2023 |
2022 |
|
£ |
£ |
|
Wages and salaries |
|
|
Employer contributions to pension plans |
174 |
99 |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
|
|
|
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
|
2023 |
2022 |
|
No. |
No. |
|
Number of staff |
2 |
2 |
ÍÍÍÍ |
ÍÍÍÍ |
|
At 1 Apr 2022 and 31 Mar 2023 |
|
£ |
|
Cost |
|
Lottery refurbishment |
|
Grant equipment |
|
Fixtures and fittings |
|
Piano |
|
Equipment |
|
Art collection |
|
ÄÄÄÄÄÄÄÄÄ |
|
|
|
ÍÍÍÍÍÍÍÍÍ |
|
At 1 Apr 2022 |
Charge for the year |
At 31 Mar 2023 |
|
£ |
£ |
£ |
|
Depreciation |
|||
Lottery refurbishment |
|
|
|
Grant equipment |
|
– |
|
Fixtures and fittings |
|
|
|
Piano |
|
|
|
Equipment |
|
|
|
Art collection |
|
|
|
ÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄ |
|
|
|
|
|
ÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍ |
|
At 31 Mar 2023 |
At 31 Mar 2022 |
|
£ |
£ |
|
Carrying amount |
||
Lottery refurbishment |
|
|
Grant equipment |
– |
– |
Fixtures and fittings |
|
|
Piano |
|
|
Equipment |
|
|
Art collection |
|
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
|
|
|
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
|
2023 |
2022 |
|
£ |
£ |
|
Raw materials and consumables |
|
|
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
|
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
Prepayments and accrued income |
|
|
Other debtors |
|
|
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
|
6,323
|
6,446
|
|
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
|
2023 |
2022 |
|
£ |
£ |
|
Trade creditors |
|
|
Social security and other taxes |
|
|
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
|
|
|
|
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
|
At 1 Apr 2022 |
Income |
Expenditure |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
|
General funds |
89,764 |
70,509 |
(88,857) |
71,416 |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
|
At 1 Apr 2021 |
Income |
Expenditure |
At 31 Mar 2022 |
|
£ |
£ |
£ |
£ |
|
General funds |
89,618 |
79,024 |
(78,878) |
89,764 |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
|
At 1 Apr 2022 |
Income |
Expenditure |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
|
Quayside festival |
10 |
10,394 |
(7,635) |
2,769 |
Theatre protection |
1,964 |
– |
– |
1,964 |
Fairfield Trust |
– |
2,500 |
(2,450) |
50 |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
|
1,974 |
12,894 |
(10,085) |
4,783 |
|
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
|
At 1 Apr 2021 |
Income |
Expenditure |
At 31 Mar 2022 |
|
£ |
£ |
£ |
£ |
|
Quayside festival |
– |
3,599 |
(3,589) |
10 |
Theatre protection |
1,964 |
– |
– |
1,964 |
Fairfield Trust |
– |
– |
– |
– |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
|
1,964 |
3,599 |
(3,589) |
1,974 |
|
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
13,428 |
– |
13,428 |
|
Current assets |
66,922 |
4,773 |
71,695 |
|
Creditors less than 1 year |
(8,924) |
– |
(8,924) |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
Net assets |
71,426 |
4,773 |
76,199 |
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
15,959 |
– |
15,959 |
|
Current assets |
81,617 |
1,974 |
83,591 |
|
Creditors less than 1 year |
(7,812) |
– |
(7,812) |
|
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
||
Net assets |
89,764 |
1,974 |
91,738 |
|
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
||