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Company Limited by Guarantee |
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For the Year Ended |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' Annual Report (Incorporating the Director's Report) |
1 |
Trustees' Responsibilities Statement |
11 |
Independent Auditor's Report to the Members |
12 |
Statement of Financial Activities (Including Income and Expenditure Account) |
17 |
Statement of Financial Position |
18 |
Statement of Cash Flows |
19 |
Notes to the Financial Statements |
20 |
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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 |
St Mary at the Walls |
office |
Church Street |
Colchester |
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Essex |
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CO1 1NF |
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(Retired
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(Retired
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(Retired
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(Appointed
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Auditor |
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Chartered accountants & statutory auditor |
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The Old Exchange |
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64 West Stockwell Street |
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Colchester |
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CO1 1HE |
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Bankers |
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9 High Street |
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Colchester |
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Essex |
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25 Kings Hill Avenue |
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Kings Hill |
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West Malling |
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Kent |
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ME19 4JQ |
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Trustee |
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Company Limited by Guarantee |
Trustees' Responsibilities Statement |
|
Company Limited by Guarantee |
Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
The Old Exchange |
64 West Stockwell Street |
Colchester |
CO1 1HE |
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Charitable activities |
6 |
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– |
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Investment income |
7 |
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– |
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Other income |
8 |
– |
– |
– |
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Total income |
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Expenditure on charitable activities |
9,10 |
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Total expenditure |
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Net income and net movement in funds |
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Total funds brought forward |
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-------------- |
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Total funds carried forward |
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Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
|
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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Creditors: amounts falling due within one year |
20 |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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-------------- |
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Restricted funds |
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Unrestricted funds |
|
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-------------- |
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Total charity funds |
22 |
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Trustee |
|
Company Limited by Guarantee |
Statement of Cash Flows |
2024 |
2023 |
|
£ |
£ |
|
Net income |
376,445 |
97,431 |
Adjustments for: |
||
Depreciation of tangible fixed assets |
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|
Other interest receivable and similar income |
(
|
(
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Gains on disposal of tangible fixed assets |
– |
(10,000) |
Changes in: |
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Stocks |
(
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Trade and other debtors |
(
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(
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Trade and other creditors |
(
|
(
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----------- |
----------- |
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Cash generated from operations |
(
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Interest received |
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----------- |
----------- |
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Net cash (used in)/from operating activities |
(
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|
----------- |
----------- |
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Purchase of tangible assets |
– |
(
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----------- |
----------- |
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Net cash used in investing activities |
– |
(
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----------- |
----------- |
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Net (Decrease)/Increase in Cash and Cash Equivalents |
(
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|
Cash and Cash Equivalents at Beginning of Year |
1,269,101 |
1,160,470 |
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Cash and Cash Equivalents at End of Year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Improvements to property |
- |
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Furniture & equipment |
- |
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Donations |
32,049 |
– |
32,049 |
|
ACE Small Capital grant |
– |
312,105 |
312,105 |
|
Colchester Borough Council |
48,175 |
– |
48,175 |
|
Arts Council England |
212,024 |
25,000 |
237,024 |
|
Trusts & Foundations fundraising |
23,516 |
33,000 |
56,516 |
|
Essex County Council |
– |
– |
– |
|
Other local authorities |
– |
14,500 |
14,500 |
|
Building project |
– |
3,000 |
3,000 |
|
Escalator project |
– |
48,831 |
48,831 |
|
Aviva |
– |
25,000 |
25,000 |
|
Scavenger |
– |
9,237 |
9,237 |
|
----------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
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Donations |
18,857 |
– |
18,858 |
|
ACE Small Capital grant |
76,393 |
– |
76,393 |
|
Colchester Borough Council |
48,175 |
– |
48,175 |
|
Arts Council England |
196,684 |
– |
196,684 |
|
Trusts & Foundations fundraising |
1,620 |
48,760 |
50,380 |
|
Essex County Council |
– |
12,600 |
12,600 |
|
Other local authorities |
– |
– |
– |
|
Building project |
– |
– |
– |
|
Escalator project |
– |
– |
– |
|
Aviva |
– |
– |
– |
|
Scavenger |
– |
– |
– |
|
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
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Box office |
385,205 |
385,205 |
321,087 |
321,087 |
|
Room hirings |
57,066 |
57,066 |
56,370 |
56,370 |
|
Bar |
216,568 |
216,568 |
205,715 |
205,715 |
|
Other income |
7,801 |
7,801 |
9,774 |
9,774 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Bank interest receivable |
|
|
|
|
|
--------- |
--------- |
-------- |
-------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Gain on disposal of tangible fixed assets held for charity's own use |
– |
– |
|
|
|
----- |
----- |
----- |
----- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Box Office |
690,555 |
80,090 |
770,645 |
|
Bar & Front of House |
133,879 |
– |
133,879 |
|
Support costs |
139,564 |
74,540 |
214,104 |
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-------------- |
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-------------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Box Office |
584,877 |
11,971 |
596,849 |
|
Bar & Front of House |
110,795 |
– |
110,795 |
|
Support costs |
192,493 |
1,151 |
193,644 |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
||
£ |
£ |
£ |
£ |
||
Box Office |
770,645 |
121,458 |
892,103 |
701,629 |
|
Room hirings |
– |
17,993 |
17,993 |
18,394 |
|
Bar & Front of House |
133,879 |
68,285 |
202,164 |
177,925 |
|
Governance costs |
– |
6,368 |
6,368 |
3,340 |
|
----------- |
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-------------- |
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-------------- |
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Box office |
Room hirings |
Bar & Front of House |
Total 2024 |
Total 2023 |
||
£ |
£ |
£ |
£ |
£ |
||
Governance costs |
3,723 |
552 |
2,093 |
6,368 |
3,340 |
|
Repairs & maintenance |
9,786 |
1,450 |
5,502 |
16,738 |
10,732 |
|
Premises costs |
24,253 |
3,593 |
13,635 |
41,481 |
26,523 |
|
Motor & travel |
3,388 |
502 |
1,905 |
5,795 |
8,857 |
|
Telephone, fax & internet |
1,081 |
161 |
608 |
1,850 |
2,219 |
|
Other office costs |
7,472 |
1,107 |
4,201 |
12,780 |
10,508 |
|
Other costs |
10,313 |
1,528 |
5,797 |
17,638 |
18,722 |
|
Wages and salaries |
18,150 |
2,689 |
10,204 |
31,043 |
24,779 |
|
Employers NI |
1,771 |
262 |
996 |
3,029 |
2,274 |
|
Depreciation |
44,920 |
6,655 |
25,254 |
76,829 |
78,475 |
|
Legal & professional |
323 |
48 |
182 |
553 |
7,213 |
|
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125,180 |
18,547 |
70,377 |
214,104 |
193,642 |
||
----------- |
--------- |
--------- |
----------- |
----------- |
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2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
76,829 |
88,476 |
Gains on disposal of tangible fixed assets |
– |
(300) |
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
– |
-------- |
----- |
|
2024 |
2023 |
|
£ |
£ |
|
Independent examination of the financial statements |
– |
1,200 |
----- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Employer contributions to pension plans |
5,814 |
13,101 |
----------- |
----------- |
|
|
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----------- |
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Land and buildings |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 Apr 2023 |
|
|
|
Disposals |
– |
(
|
(
|
----------- |
----------- |
----------- |
|
At 31 Mar 2024 |
|
|
|
----------- |
----------- |
----------- |
|
Depreciation |
|||
At 1 Apr 2023 |
|
|
|
Charge for the year |
|
|
|
Disposals |
– |
(
|
(
|
----------- |
----------- |
----------- |
|
At 31 Mar 2024 |
|
|
|
----------- |
----------- |
----------- |
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Carrying amount |
|||
At 31 Mar 2024 |
|
|
|
----------- |
----------- |
----------- |
|
At 31 Mar 2023 |
|
|
|
----------- |
----------- |
----------- |
|
2024 |
2023 |
|
£ |
£ |
|
Raw materials and consumables |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
|
– |
Prepayments and accrued income |
|
|
Other debtors |
– |
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
----------- |
----------- |
|
|
|
|
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----------- |
|
At 1 Apr 2023 |
Income |
Expenditure |
At 31 Mar 2024 |
|
£ |
£ |
£ |
£ |
|
General funds |
171,763 |
1,024,400 |
(963,998) |
232,165 |
Equipment & capital replacement fund |
276,971 |
– |
– |
276,971 |
Emergency fund |
116,004 |
– |
– |
116,004 |
Projects |
230,595 |
– |
– |
230,595 |
Legacy |
50,000 |
– |
– |
50,000 |
Archiving |
20,000 |
– |
– |
20,000 |
Carbon Insetting |
10,000 |
– |
– |
10,000 |
----------- |
-------------- |
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----------- |
|
875,333 |
1,024,400 |
(963,998) |
935,735 |
|
----------- |
-------------- |
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|
At 1 Apr 2022 |
Income |
Expenditure |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
|
General funds |
179,807 |
880,121 |
(888,165) |
171,763 |
Equipment & capital replacement fund |
276,971 |
– |
– |
276,971 |
Emergency fund |
76,767 |
39,237 |
– |
116,004 |
Projects |
212,595 |
18,000 |
– |
230,595 |
Legacy |
50,000 |
– |
– |
50,000 |
Archiving |
20,000 |
– |
– |
20,000 |
Carbon Insetting |
10,000 |
– |
– |
10,000 |
----------- |
----------- |
----------- |
----------- |
|
826,140 |
937,358 |
(888,165) |
875,333 |
|
----------- |
----------- |
----------- |
----------- |
|
At 1 Apr 2023 |
Income |
Expenditure |
At 31 Mar 2024 |
|
£ |
£ |
£ |
£ |
|
Lottery Building Fund |
10,346 |
1 |
(865) |
9,482 |
Community Bus |
50,000 |
11,000 |
– |
61,000 |
Twinkle Star project |
23,417 |
33,000 |
(37,303) |
19,114 |
The Mum project |
15,760 |
– |
(8,480) |
7,280 |
Older Persons project |
10,212 |
1,400 |
(11,612) |
– |
Game changer |
– |
13,100 |
(8,695) |
4,405 |
Building project |
– |
3,000 |
– |
3,000 |
Escalator |
– |
48,831 |
– |
48,831 |
Aviva |
– |
25,000 |
– |
25,000 |
Scavenger |
– |
9,237 |
– |
9,237 |
ACE |
– |
312,104 |
(73,675) |
238,429 |
Fame Hungary |
– |
14,000 |
(14,000) |
– |
----------- |
----------- |
----------- |
----------- |
|
109,735 |
470,673 |
(154,630) |
425,778 |
|
----------- |
----------- |
----------- |
----------- |
|
At 1 Apr 2022 |
Income |
Expenditure |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
|
Lottery Building Fund |
11,497 |
– |
(1,151) |
10,346 |
Community Bus |
50,000 |
– |
– |
50,000 |
Twinkle Star project |
– |
33,000 |
(9,583) |
23,417 |
The Mum project |
– |
15,760 |
– |
15,760 |
Older Persons project |
– |
12,600 |
(2,388) |
10,212 |
Game changer |
– |
– |
– |
– |
Building project |
– |
– |
– |
– |
Escalator |
– |
– |
– |
– |
Aviva |
– |
– |
– |
– |
Scavenger |
– |
– |
– |
– |
ACE |
– |
– |
– |
– |
Fame Hungary |
– |
– |
– |
– |
--------- |
--------- |
--------- |
----------- |
|
61,497 |
61,360 |
(13,122) |
109,735 |
|
--------- |
--------- |
--------- |
----------- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
54,558 |
247,910 |
302,468 |
|
Current assets |
1,082,634 |
177,867 |
1,260,501 |
|
Creditors less than 1 year |
(201,456) |
– |
(201,456) |
|
-------------- |
----------- |
-------------- |
||
Net assets |
935,736 |
425,777 |
1,361,513 |
|
-------------- |
----------- |
-------------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
368,951 |
10,346 |
379,297 |
|
Current assets |
1,192,342 |
99,389 |
1,291,731 |
|
Creditors less than 1 year |
(685,960) |
– |
(685,960) |
|
-------------- |
----------- |
-------------- |
||
Net assets |
875,333 |
109,735 |
985,068 |
|
-------------- |
----------- |
-------------- |
||
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(68,357) |
|
-------------- |
--------- |
-------------- |
|