PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
09818696 (England and Wales)

Unaudited statutory accounts for the year ended 30 August 2024

Period of accounts

Start date: 1 September 2023

End date: 30 August 2024

PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 146
Total fixed assets: 0 146
Current assets
Cash at bank and in hand: 23,604 23,542
Total current assets: 23,604 23,542
Creditors: amounts falling due within one year: 4 ( 4,106 ) ( 3,836 )
Net current assets (liabilities): 19,498 19,706
Total assets less current liabilities: 19,498 19,852
Total net assets (liabilities): 19,498 19,852
Members' funds
Profit and loss account: 19,498 19,852
Total members' funds: 19,498 19,852

The notes form part of these financial statements

PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 August 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 28 May 2025
and signed on behalf of the board by:

Name: Lisbeth Wood
Status: Director

The notes form part of these financial statements

PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 August 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

    Turnover policy

    Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class: office equipment Depreciation method and rate: 25% straight line

    Other accounting policies

    Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). Basis of preparation These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Going concern The financial statements have been prepared on a going concern basis. Tax The tax expense for the period comprises current tax payable. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 639 639
Additions
Disposals
Revaluations
Transfers
At 30 August 2024 639 639
Depreciation
At 1 September 2023 493 493
Charge for year 146 146
On disposals
Other adjustments
At 30 August 2024 639 639
Net book value
At 30 August 2024 0 0
At 31 August 2023 146 146

PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 0 345
Taxation and social security 1,843 1,843
Other creditors 2,263 1,648
Total 4,106 3,836

COMMUNITY INTEREST ANNUAL REPORT

PROSPERO THEATRE COMMUNITY INTEREST COMPANY

Company Number: 09818696 (England and Wales)

Year Ending: 30 August 2024

Company activities and impact

Friday Club – adults with profound disabilities Monday Club – inclusive drama Tuesday Art Club Tuesday Sandwich Club Theatre School – inclusive drama Mind fitness projects in schools Monthly Social Nights Monthly Cinema Club Create Together Collaborative Arts 121 Sessions In year worked with 5,500 young people and adults, using drama as a development tool.

Consultation with stakeholders

Prospero’s stakeholders are members of the community. We sit on a number of committees and are members of numerous community organisations. We regularly work in partnership, for example with – The Arc, The Legion, Caterham Parish in the Valley, Caterham Parish on the Hill, Tanbridge District Council, Surrey County Council, Bletchingley Skills Centre, The Orpheus and Sunnydown School. At the end of every budget, we do an extensive evaluation. We ensure that the results of these are fed into future work.

Directors' remuneration

Directors received income from the CIC in the year as noted in note 6 of the accounts. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 May 2025

And signed on behalf of the board by:
Name: Lisbeth Wood
Status: Director