for the Period Ended 5 April 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 16 months to 5 April 2024 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 6 | ( | |
Provision for liabilities: | ( | ( | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 5 April 2024
Basis of measurement and preparation
for the Period Ended 5 April 2024
16 months to 5 April 2024 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 5 April 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 December 2022 | | | | |||
Additions | | | | |||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 5 April 2024 | | | | |||
Depreciation | ||||||
At 1 December 2022 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 5 April 2024 | | | | |||
Net book value | ||||||
At 5 April 2024 | | | | |||
At 30 November 2022 | | | |
for the Period Ended 5 April 2024
16 months to 5 April 2024 | 2022 | |
---|---|---|
£ | £ | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 5 April 2024
16 months to 5 April 2024 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 5 April 2024
16 months to 5 April 2024 | ||
---|---|---|
£ | ||
Bank loans and overdrafts | | |
Total | |
30th November 2022 - 5th April 2024 (extended end of year)At the end of 2022, TSTC was coming towards a year of having the old post office building in Newport. This building with the support of Newport Council, TGP Cymru, Arts Council of Wales & UK Government Levelling Up funding became a Community Arts & Social Space that hosted creative, community events & activity.Between Nov 22 & Oct 23, The Place hosted 100’s of regular groups including; Jean Genies, Meditation, Yoga, Qi Gong, Flying Start Parent Group. All of which were free to the public and gave people the opportunity to stay in touch with their wellness.On top of regular creative workshops, The Place hosted ‘Week of Wonder’ events during half term, Big Splash Festival, Newport Food Festival and many rehearsals & performances by Wales based artists.In early 2023, TSTC embarked on a 3 month process of Business Development with support of Arts Council of Wales. This allowed their core team of freelancers to interrogate and start actioning the process of applying for long term core funding as part of ACW’s portfolio funding.In Spring 2023, ACW awarded TSTC a grant to develop the Welsh language strand of the organisation. This project was called Bwrlwm Creadigol Cymraeg and was created to develop & research the language & the people who speak it in Newport. We hosted regular workshops at The Place. This project was the most difficult of them all as it was an audience that we had never directly targeted before. Over time this project developed and is continuing into 2024 and is planned to finish in May 2024. TSTC theatrical productions & research and development projects included:- Big Splash walkabout performances with the Public Theatre- Hatch Summer School youth theatre- Newport Food Festival walkabout performances with the Public Theatre- Dark Matter with Cadw- Finding Houdini residency in FranceDuring all of these theatrical productions and R&D projects, community & professional artists blended. Interacting with 1000’s of audience members in Newport, Mid Wales & France.In September 2023, TSTC put in an application for a large amount of funding via Newport City council (Shared Prosperity Fund) to continue & develop the activity at The Place. This funded was awarded between October 2023-March 2025. This funding has allowed the company to hire a dedicated team of staff to manage the building and support local freelancers to plan & deliver workshops, activities & events.Since receiving the funding TSTC and The Place has engaged with over 2,000 public & attendees, whilst offering over 20 events and 100’s of workshops. This is set to increase and continue flourishing into 2024/2025.
Cadw (Welsh Gov funds) - continued consultation and support around developing arts in culturally rich heritage sites (Dark Matter).Arts Council Wales - consultation in the form of Create funding to support Business Development & International projects.Newport City Council Culture & Heritage and Newport Fusion - Further support to continue engagement and events at historical sites and cross projects in development with Pont Transbordeur in Rochefort, France.Development of The Place with SPF funding.Newport Live - Development of Youth Provisions and training opportunities in partnership with The Riverfront Theatre for Hatch Youth Theatre
Directors' salaries £69,769
No transfer of assets other than for full consideration
This report was approved by the board of directors on
18 July 2024
And signed on behalf of the board by:
Name: N Cummings
Status: Director