TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12991068 (England and Wales)

Unaudited statutory accounts for the year ended 5 April 2024

Period of accounts

Start date: 1 December 2022

End date: 5 April 2024

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 5 April 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Balance sheet

As at 5 April 2024

Notes 16 months to 5 April 2024 2022


£

£
Fixed assets
Tangible assets: 3 1,883 2,660
Total fixed assets: 1,883 2,660
Current assets
Debtors: 4 62,144 242
Cash at bank and in hand: 41,091 68,295
Total current assets: 103,235 68,537
Creditors: amounts falling due within one year: 5 ( 75,503 ) ( 52,667 )
Net current assets (liabilities): 27,732 15,870
Total assets less current liabilities: 29,615 18,530
Creditors: amounts falling due after more than one year: 6 ( 13,138 )
Provision for liabilities: ( 188 ) ( 505 )
Total net assets (liabilities): 16,289 18,025
Members' funds
Profit and loss account: 16,289 18,025
Total members' funds: 16,289 18,025

The notes form part of these financial statements

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 5 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 18 July 2024
and signed on behalf of the board by:

Name: Naomi Cummings
Status: Director

The notes form part of these financial statements

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

  • 2. Employees

    16 months to 5 April 2024 2022
    Average number of employees during the period 5 0

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 6,647 379 7,026
Additions 1,570 325 1,895
Disposals
Revaluations
Transfers
At 5 April 2024 8,217 704 8,921
Depreciation
At 1 December 2022 4,240 126 4,366
Charge for year 2,339 333 2,672
On disposals
Other adjustments
At 5 April 2024 6,579 459 7,038
Net book value
At 5 April 2024 1,638 245 1,883
At 30 November 2022 2,407 253 2,660

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

4. Debtors

16 months to 5 April 2024 2022
£ £
Prepayments and accrued income 242
Other debtors 62,144
Total 62,144 242

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

5. Creditors: amounts falling due within one year note

16 months to 5 April 2024 2022
£ £
Bank loans and overdrafts 29,855 0
Taxation and social security 5,756 3,260
Accruals and deferred income 20,754 30,269
Other creditors 19,138 19,138
Total 75,503 52,667

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

6. Creditors: amounts falling due after more than one year note

16 months to 5 April 2024
£
Bank loans and overdrafts 13,138
Total 13,138

COMMUNITY INTEREST ANNUAL REPORT

TIN SHED THEATRE COMMUNITY INTEREST COMPANY

Company Number: 12991068 (England and Wales)

Year Ending: 5 April 2024

Company activities and impact

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.

Consultation with stakeholders

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' remuneration

Directors' salaries £69,769

Transfer of assets

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