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REGISTERED COMPANY NUMBER: 05124613 (England and Wales)
REGISTERED CHARITY NUMBER: 1109381










REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE ROPETACKLE CENTRE TRUST
(A COMPANY LIMITED BY GUARANTEE)

THE ROPETACKLE CENTRE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Cash Flow Statement 8

Notes to the Financial Statements 9 to 17

THE ROPETACKLE CENTRE TRUST (REGISTERED NUMBER: 05124613)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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 2019).

ACHIEVEMENT AND PERFORMANCE
Ropetackle Arts Centre is a multi-award winning arts venue that attracts some of the biggest named performers in the UK. Situated in Shoreham, West Sussex, its aim is to stage events for all tastes and budgets for those living in Adur district and beyond.

The superbly equipped auditorium accommodates 200 seated or 350 standing. There is a separate mezzanine for small events and activities, a bar, and a large foyer which houses our in-house café.

The objects for which the trust was established are:
i) the promotion of the arts for the public benefit, the promotion and advancement of the education and the cultivation and improvement of public education in drama, mime, opera, singing, music, dance, painting and sculpture, cinema, literature and the other arts;
ii) to provide or assist in the provision of facilities for recreation and leisure-time occupation for the benefit of the inhabitants of Adur and the surrounding area, in the interests of social welfare with the object of improving the life of the said inhabitants.

The trustees confirm that the main activities undertaken are to further the charity's purposes for the public benefit; and that they have referred to the Charities Commission's guidance on public benefit when reviewing the company's aims, objectives and activities.

The Ropetackle Centre is run by the community, for the benefit of the community. Its principal activity is the putting on, and giving the people of the Adur district access to, high quality performances by wide ranging professional artists, as well as providing a fully equipped venue for community activities.

It is the trust's aim to extend its community outreach work insofar as this is achievable having regard to the trust's limited resources. It is the trust's policy to ensure that community projects which it undertakes are properly funded and resourced, and (in terms of resource) are not detrimental to the trust's core business of operating the Centre.

With a view to building on our successful, 2023 Arts Council funded project "Folk for All", involving a group of established musicians turning local stories and reminiscences, particularly from elderly people, into folk songs which will be performed in local schools as well as at Ropetackle, we are applying for a further Arts Council grant.

Following discussions with our fundraising consultants, our trustees have decided on a route map towards a prospective application in early 2026 for National Portfolio status.

In view of the importance of the revenue generated by our Friends & Patrons, and our Business Sponsorship schemes, we have appointed a part time Development Manager to increase such revenue.

Ropetackle continues its successful partnership with Shoreham Wordfest.

There are currently 10 trustees, including the recent appointment of Mark Phillips, former Ropetackle Centre Manager.


THE ROPETACKLE CENTRE TRUST (REGISTERED NUMBER: 05124613)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


FINANCIAL REVIEW
The net income for the year was £60,658 (2022: £43,693)

Despite the underlying cost of living concerns, we managed to maintain an encouraging level of ticket sales.

This main source of revenue was enhanced by additional income from both bar sales and room hire activities.

However, as is the typical case with art venues similar to our own, the revenue generated by performance, bar sales and other activities are insufficient to achieve profitability. External sources of revenue are therefore essential.

Although Ropetackle receives grant funding from time to time for various specific projects, it does not receive any grants towards its core operation. It does, however, receive vital extra income from the community by way of its Friends and Patrons Scheme and from business by way of sponsorship.

The trustees are focused on maximising these sources of income.

The overall financial performance, with the benefit of such additional revenue streams, resulted in a modest, but acceptable level of surplus for the year.

Reserves policy
The board has determined that the charity requires reserves of at least £100,000.

At the year end, the charity's funds were £299,285 (2022: £238,627). Further details of reserves can be found in note 23.

STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, incorporated on 11 May 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company. It is governed by its Articles of Association. Under these Articles, the trustees are elected at the annual general meeting (AGM), which the charitable company must hold each year and to which all members are entitled to attend.

A board of trustees controls the charity's activities. The role of the board in the governance of the charity is to be responsible for the overall strategic development of the charity and to drive the organisation forward.

The trustees have identified the range of skills and expertise that will strengthen the board, and nominations for vacant positions are openly sought. New trustees can also be co-opted throughout the year and are then subject to election at the subsequent AGM on the basis of nominations. New trustees are inducted into the workings of the charity and provided with information regarding organisational and board policy and procedures. All new trustees sign a conflict of interest declaration and a statement confirming their eligibility to hold office as trustees.

Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05124613 (England and Wales)

Registered Charity number
1109381

Registered office
The Ropetackle Arts Centre
Little High Street
Shoreham-By-Sea
West Sussex
BN43 5EG


THE ROPETACKLE CENTRE TRUST (REGISTERED NUMBER: 05124613)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


Trustees
P M Allen
L J Durrant
C M Gunter
A I Hodgson
S V Parker
D R Scott
R J Turner
ET Touray
N D Neale Company Director (appointed 13.6.23)
M Phillips (appointed 11.6.24)

Independent Examiner
Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 13 August 2024 and signed on its behalf by:





D R Scott - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE ROPETACKLE CENTRE TRUST


Independent examiner's report to the trustees of The Ropetackle Centre Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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 (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Colin Young BA FCA

Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

21 August 2024

THE ROPETACKLE CENTRE TRUST

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
as restated
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 64,928 38,286 103,214 64,611

Charitable activities 6
Venue operations 649,252 - 649,252 501,751

Other trading activities 4 165,345 5,000 170,345 123,083
Investment income 5 3,504 - 3,504 -
Other income 7 - - - 22,667
Total 883,029 43,286 926,315 712,112

EXPENDITURE ON
Raising funds 8 66,482 - 66,482 51,642

Charitable activities 9
Venue operations 764,925 34,250 799,175 616,777
Total 831,407 34,250 865,657 668,419

NET INCOME 51,622 9,036 60,658 43,693


RECONCILIATION OF FUNDS
Total funds brought forward 234,634 3,993 238,627 194,934

TOTAL FUNDS CARRIED FORWARD 286,256 13,029 299,285 238,627

THE ROPETACKLE CENTRE TRUST (REGISTERED NUMBER: 05124613)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 16 8,750 - 8,750 13,657

CURRENT ASSETS
Stocks 17 6,296 - 6,296 5,575
Debtors 18 39,481 - 39,481 22,794
Cash at bank and in hand 491,468 13,029 504,497 433,852
537,245 13,029 550,274 462,221

CREDITORS
Amounts falling due within one year 19 (259,739 ) - (259,739 ) (212,251 )

NET CURRENT ASSETS 277,506 13,029 290,535 249,970

TOTAL ASSETS LESS CURRENT LIABILITIES 286,256 13,029 299,285 263,627

CREDITORS
Amounts falling due after more than one year 20 - - - (25,000 )

NET ASSETS 286,256 13,029 299,285 238,627
FUNDS 23
Unrestricted funds 286,256 234,634
Restricted funds 13,029 3,993
TOTAL FUNDS 299,285 238,627

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


THE ROPETACKLE CENTRE TRUST (REGISTERED NUMBER: 05124613)

BALANCE SHEET - continued
31 DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13 August 2024 and were signed on its behalf by:





D R Scott - Trustee

THE ROPETACKLE CENTRE TRUST

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
as restated
Notes £    £   

Cash flows from operating activities
Cash generated from operations 26 107,427 75,076
Interest paid (293 ) (1,011 )
Net cash provided by operating activities 107,134 74,065

Cash flows from investing activities
Purchase of tangible fixed assets (4,993 ) (7,045 )
Interest received 3,504 -
Net cash used in investing activities (1,489 ) (7,045 )

Cash flows from financing activities
Loan repayments in year (35,000 ) (9,999 )
Net cash used in financing activities (35,000 ) (9,999 )

Change in cash and cash equivalents in
the reporting period

70,645

57,021
Cash and cash equivalents at the
beginning of the reporting period

433,852

376,831
Cash and cash equivalents at the end of
the reporting period

504,497

433,852

THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Ropetackle Centre Trust is a limited-by-guarantee company incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the Trustees' Report on page 2 of these financial statements. The nature of the charity's operations and principal activities are the promotion of the arts for public benefit, the promotion and advancement of the education, the cultivation and improvement of public education in the arts, and the provision of facilities for recreation and leisure-time occupation.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis since the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for the foreseeable future and consider sufficient funds exist for the charity to be able to continue as a going concern.

Income
All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary income
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Event income
Ticketing income is recognised when the event to which it relates occurs with income relating to future events being deferred.

Bar income
Bar income is recognised when goods are provided to the customer.

Government grants
Government grants which are compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs are recognised in the period in which they become receivable.

Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Costs of generating funds comprise the costs associated with attracting voluntary income.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs. They are incurred directly in support of expenditure on the objects of the charity.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity.

THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

The charity changed their method of depreciating its fixed assets from a 25% on a reducing balance basis to four years on a straight-line basis as this revised method better reflects the charity's use of their fixed assets over their useful lives and is consistent with the charity's replacement cycle.

The change in depreciation method is accounted for in the current year and in any subsequent periods,

Leasehold property improvements - 10% flat rate per annum
Plant and machinery - 25% per annum on a straight line basis
Fixtures and fittings - 25% per annum on a straight line basis
Computer equipment- 25% per annum on a straight line basis

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in expenditure.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. DONATIONS AND LEGACIES
2023 2022
as restated
£    £   
Donations 67,082 59,578
Grants 36,132 5,033
103,214 64,611


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. OTHER TRADING ACTIVITIES
2023 2022
as restated
£    £   
Business friends sponsorship 2,388 -
Ropetackle in the community sponsorship 5,000 -
Bar sales 162,957 123,083
170,345 123,083

5. INVESTMENT INCOME
2023 2022
as restated
£    £   
Deposit account interest 3,504 -

6. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
as restated
Activity £    £   
Ticket sales Venue operations 560,981 429,476
Performance venue hire Venue operations 12,230 10,033
Other lettings and
conferences


Venue operations

16,962

10,420
Booking fees Venue operations 31,338 25,655
Film Club Venue operations 4,080 4,251
Levy charges Venue operations 16,406 16,760
Other Venue operations 3,193 2,400
Commission income Venue operations 4,062 2,756
649,252 501,751

7. OTHER INCOME
2023 2022
as restated
£    £   
Government grants - 22,667

Other income in 2022 comprised Government grant income relating to the Coronavirus Job Retention Scheme.


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RAISING FUNDS

Other trading activities
2023 2022
as restated
£    £   
Purchases 66,482 51,642

9. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 10) Totals
£    £    £   
Venue operations 677,129 122,046 799,175

10. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Venue operations 118,789 3,257 122,046

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
as restated
£    £   
Independent examiner's remuneration 1,052 1,139
Other non-independent examination services 2,205 2,278
Depreciation - owned assets 9,900 3,779

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

During the year, £1,343 (2022: £341) of expenses were incurred that were reimbursed to four trustees.

13. STAFF COSTS
2023 2022
as restated
£    £   
Wages and salaries 145,066 113,420
Social security costs 5,198 2,759
Other pension costs 5,550 2,684
155,814 118,863

The average monthly number of employees during the year was as follows:

2023 2022
as restated
Employees 9 8

THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


13. STAFF COSTS - continued

No employees received emoluments in excess of £60,000.

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
as restated
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 59,600 5,011 64,611

Charitable activities
Venue operations 501,751 - 501,751

Other trading activities 123,083 - 123,083
Other income 2,667 20,000 22,667
Total 687,101 25,011 712,112

EXPENDITURE ON
Raising funds 51,642 - 51,642

Charitable activities
Venue operations 582,781 33,996 616,777
Total 634,423 33,996 668,419

NET INCOME/(EXPENDITURE) 52,678 (8,985 ) 43,693
Transfers between funds 3,854 (3,854 ) -
Net movement in funds 56,532 (12,839 ) 43,693

RECONCILIATION OF FUNDS
Total funds brought forward 178,102 16,832 194,934

TOTAL FUNDS CARRIED FORWARD 234,634 3,993 238,627

15. PRIOR YEAR ADJUSTMENT

The prior year restatement reflects the utilisation of the restricted fund 'Organisational Development' that had been incorrectly allocated to the unrestricted reserve.

This restatement has no financial impact on the statement of financial activity or balance sheet.


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


16. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 333,138 15,600 24,788 2,665 376,191
Additions - 3,408 1,585 - 4,993
At 31 December 2023 333,138 19,008 26,373 2,665 381,184
DEPRECIATION
At 1 January 2023 333,137 10,084 18,579 734 362,534
Charge for year - 4,837 4,106 957 9,900
At 31 December 2023 333,137 14,921 22,685 1,691 372,434
NET BOOK VALUE
At 31 December 2023 1 4,087 3,688 974 8,750
At 31 December 2022 1 5,516 6,209 1,931 13,657

17. STOCKS
2023 2022
as restated
£    £   
Stocks 6,296 5,575

18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 5,717 3,493
Other debtors 6,116 4,364
Prepayments and accrued income 27,648 14,937
39,481 22,794

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts (see note 21) - 10,000
Trade creditors 26,021 20,672
Social security and other taxes 2,148 1,703
VAT 8,339 8,302
Other creditors 6,735 4,521
Accruals and deferred income 216,496 167,053
259,739 212,251


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans (see note 21) - 25,000

21. LOANS

An analysis of the maturity of loans is given below:

2023 2022
as restated
£    £   
Amounts falling due within one year on demand:
Bank loans - 10,000
Amounts falling between one and two years:
Bank loans - 1-2 years - 10,000
Amounts falling due between two and five years:
Bank loans - 2-5 years - 15,000

22. LEASING AGREEMENTS

The company has a 30 year lease until 2037 with Adur District Council. By the terms of this lease, the annual rent is the lower of £40,000 or 40% of the net income in excess of £10,000.

23. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 234,634 51,622 286,256

Restricted funds
Film Hub 2,924 2,057 4,981
Folk For All 1,069 1,423 2,492
Maggie Roberts - 556 556
Ropetackle In The Community - 5,000 5,000
3,993 9,036 13,029
TOTAL FUNDS 238,627 60,658 299,285

THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


23. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 883,029 (831,407 ) 51,622

Restricted funds
Film Hub 5,553 (3,496 ) 2,057
Folk For All 29,733 (28,310 ) 1,423
Maggie Roberts 1,000 (444 ) 556
Love To Move Together 2,000 (2,000 ) -
Ropetackle In The Community 5,000 - 5,000
43,286 (34,250 ) 9,036
TOTAL FUNDS 926,315 (865,657 ) 60,658


Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
£    £    £    £   
Unrestricted funds
General fund 178,102 52,678 3,854 234,634

Restricted funds
Santander Foundation 3,000 - (3,000 ) -
Steam Programme 1,000 - (1,000 ) -
Film Hub 2,496 428 - 2,924
Organisational Development 10,000 (10,000 ) - -
Meal Appeal 336 (482 ) 146 -
Folk For All - 1,069 - 1,069
16,832 (8,985 ) (3,854 ) 3,993
TOTAL FUNDS 194,934 43,693 - 238,627

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 687,101 (634,423 ) 52,678

Restricted funds
Film Hub 3,512 (3,084 ) 428
Organisational Development 20,000 (30,000 ) (10,000 )
Meal Appeal (1 ) (481 ) (482 )
Folk For All 1,500 (431 ) 1,069
25,011 (33,996 ) (8,985 )
TOTAL FUNDS 712,112 (668,419 ) 43,693

The unrestricted fund is used to further the aims of the charity at the discretion of the trustees.

THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


23. MOVEMENT IN FUNDS - continued


The Film Hub restricted reserve is used to provide film performances to people living with Alzheimer's disease.

The Folk For All is a creative exchange between 10 folk local musicians & practitioners, culminating in a series of creative exchange sessions, community performances & school assembly performances.

The Maggie Roberts is ringfenced for 'Can Bears Ski' as an event for deaf schools & one Panto performance, the money will go towards free tickets and interpreter fees.

The Love To Move Together funding is to provide more Love to Move sessions & to increase the number of people with long-term health conditions and people with disabilities that benefit from the Love to Move programme.

The Ropetackle In The Community funding is sponsorship income received by Business Friends Sponsorship.

24. EMPLOYEE BENEFIT OBLIGATIONS

The charity made contributions to a defined contribution pension plan, administered by a third party, amounting to £5,550 (2022: £2,684). The full expense is allocated to the unrestricted reserves.

25. RELATED PARTY DISCLOSURES

During the year, the charity purchased performances amounting to £13,497 (2022: £11,174) from R Durrant, spouse of the trustee, L Durrant.


26. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
as restated
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

60,658

43,693
Adjustments for:
Depreciation charges 9,900 3,778
Interest received (3,504 ) -
Interest paid 293 1,011
Increase in stocks (721 ) (1,020 )
Increase in debtors (16,687 ) (4,116 )
Increase in creditors 57,488 31,730
Net cash provided by operations 107,427 75,076


27. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank and in hand 433,852 70,645 504,497
433,852 70,645 504,497

Debt
Debts falling due within 1 year (10,000 ) 10,000 -
Debts falling due after 1 year (25,000 ) 25,000 -
(35,000 ) 35,000 -
Total 398,852 105,645 504,497