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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 2024

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 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Cash Flow Statement 6

Notes to the Financial Statements 7 to 14

THE ROPETACKLE CENTRE TRUST (REGISTERED NUMBER: 05124613)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024



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 2024. 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.

The trust continues to expand 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. This work has also been supported by funding from certain corporate sponsors and by a generous donation from an individual.

Revenue generated by our Patrons & Friends (P&F), and our Business Sponsorship schemes, continues to be of critical importance, the Trust having established a team to develop the P&F membership. The Trust is also planning to increase sponsorship revenue, for example, through close working relationships with the Chambers of Commerce.

Recognising the importance of digital marketing, the Trust has increased its staffing resource in this area, focusing on social media, targeted marketing and effective use of audience data.

Ropetackle continues its successful partnership with Shoreham Wordfest.

There are currently 10 trustees.

FINANCIAL REVIEW
The net income for the year was £70,278 (2023: £60,658)

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 Patrons and Friends 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 £200,000.

At the year end, the charity's funds were £369,563 (2023: £299,285). Further details of reserves can be found in note 19.


THE ROPETACKLE CENTRE TRUST (REGISTERED NUMBER: 05124613)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024


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

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
M Phillips (appointed 11/6/2024)

Independent Examiner
Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

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 17 June 2025 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 2024.

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 Limited
15 West Street
Brighton
East Sussex
BN1 2RL

17 June 2025

THE ROPETACKLE CENTRE TRUST

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 71,406 32,294 103,700 103,214

Charitable activities 6
Venue operations 647,449 117 647,566 649,252

Other trading activities 4 182,441 3,750 186,191 170,345
Investment income 5 16,789 - 16,789 3,504
Total 918,085 36,161 954,246 926,315

EXPENDITURE ON
Raising funds 7 73,069 - 73,069 66,482

Charitable activities 8
Venue operations 796,900 13,999 810,899 799,175
Total 869,969 13,999 883,968 865,657

NET INCOME 48,116 22,162 70,278 60,658


RECONCILIATION OF FUNDS
Total funds brought forward 286,256 13,029 299,285 238,627

TOTAL FUNDS CARRIED FORWARD 334,372 35,191 369,563 299,285

THE ROPETACKLE CENTRE TRUST (REGISTERED NUMBER: 05124613)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 14 27,770 - 27,770 8,750

CURRENT ASSETS
Stocks 15 6,250 - 6,250 6,296
Debtors 16 23,053 - 23,053 39,481
Cash at bank and in hand 525,638 35,191 560,829 504,497
554,941 35,191 590,132 550,274

CREDITORS
Amounts falling due within one year 17 (248,339 ) - (248,339 ) (259,739 )

NET CURRENT ASSETS 306,602 35,191 341,793 290,535

TOTAL ASSETS LESS CURRENT LIABILITIES 334,372 35,191 369,563 299,285

NET ASSETS 334,372 35,191 369,563 299,285
FUNDS 19
Unrestricted funds 334,372 286,256
Restricted funds 35,191 13,029
TOTAL FUNDS 369,563 299,285

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 17 June 2025 and were signed on its behalf by:





D R Scott - Trustee

THE ROPETACKLE CENTRE TRUST

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 22 70,139 107,427
Interest paid - (293 )
Net cash provided by operating activities 70,139 107,134

Cash flows from investing activities
Purchase of tangible fixed assets (30,596 ) (4,993 )
Interest received 16,789 3,504
Net cash used in investing activities (13,807 ) (1,489 )

Cash flows from financing activities
Loan repayments in year - (35,000 )
Net cash provided by/(used in) financing activities - (35,000 )

Change in cash and cash equivalents in the
reporting period

56,332

70,645
Cash and cash equivalents at the beginning of
the reporting period

504,497

433,852
Cash and cash equivalents at the end of the
reporting period

560,829

504,497

THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


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.

Sponsorships
Sponsorship income is recognised on a straight line basis over the period to which it relates.

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.

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,


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
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
2024 2023
£    £   
Donations 72,916 67,082
Grants 30,784 36,132
103,700 103,214

4. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Business friends sponsorship 9,580 2,388
Ropetackle in the community sponsorship 1,600 5,000
Bar sales 175,011 162,957
186,191 170,345

5. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 16,789 3,504


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Ticket sales Venue operations 560,045 560,981
Performance venue hire Venue operations 13,586 12,230
Other lettings and conferences Venue operations 15,488 16,962
Booking fees Venue operations 31,839 31,338
Film Club Venue operations 4,550 4,080
Levy charges Venue operations 16,232 16,406
Other Venue operations 1,538 3,193
Commission income Venue operations 4,288 4,062
647,566 649,252

7. RAISING FUNDS

Other trading activities
2024 2023
£    £   
Purchases 73,069 66,482

8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 9) Totals
£    £    £   
Venue operations 673,771 137,128 810,899

9. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Venue operations 132,428 4,700 137,128

10. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Independent examiner's remuneration 1,533 1,052
Other non-independent examination services 3,167 2,205
Depreciation - owned assets 11,576 9,900

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.


Trustees' expenses

During the year, £1,774 (2023: £1,343) of expenses were incurred that were reimbursed to four trustees.


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. STAFF COSTS
2024 2023
£    £   
Wages and salaries 147,367 145,066
Social security costs 4,929 5,198
Other pension costs 5,958 5,550
158,254 155,814

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

2024 2023
Employees 10 9

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

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 64,928 38,286 103,214

Charitable activities
Venue operations 649,252 - 649,252

Other trading activities 165,345 5,000 170,345
Investment income 3,504 - 3,504
Total 883,029 43,286 926,315

EXPENDITURE ON
Raising funds 66,482 - 66,482

Charitable activities
Venue operations 764,925 34,250 799,175
Total 831,407 34,250 865,657

NET INCOME 51,622 9,036 60,658


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

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


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


14. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 333,138 19,008 26,373 2,665 381,184
Additions - 29,947 - 649 30,596
At 31 December 2024 333,138 48,955 26,373 3,314 411,780
DEPRECIATION
At 1 January 2024 333,137 14,921 22,685 1,691 372,434
Charge for year - 9,044 1,702 830 11,576
At 31 December 2024 333,137 23,965 24,387 2,521 384,010
NET BOOK VALUE
At 31 December 2024 1 24,990 1,986 793 27,770
At 31 December 2023 1 4,087 3,688 974 8,750

15. STOCKS
2024 2023
£    £   
Stocks 6,250 6,296

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,138 5,717
Other debtors 3,602 6,116
Prepayments and accrued income 18,313 27,648
23,053 39,481

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,814 26,021
Social security and other taxes 2,135 2,148
VAT 10,940 8,339
Other creditors 9,660 6,735
Accruals and deferred income 206,790 216,496
248,339 259,739

18. 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.


THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


19. MOVEMENT IN FUNDS
Net
movement At
At 1.1.24 in funds 31.12.24
£    £    £   
Unrestricted funds
General fund 286,256 48,116 334,372

Restricted funds
Film Hub 4,981 (319 ) 4,662
Folk For All 2,492 (300 ) 2,192
Maggie Roberts 556 (556 ) -
Ropetackle In The Community 5,000 (1,355 ) 3,645
AV Tech - 20,475 20,475
South Downs Leisure - 4,217 4,217
13,029 22,162 35,191
TOTAL FUNDS 299,285 70,278 369,563

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 918,085 (869,969 ) 48,116

Restricted funds
Film Hub 2,920 (3,239 ) (319 )
Folk For All - (300 ) (300 )
Maggie Roberts - (556 ) (556 )
Ropetackle In The Community - (1,355 ) (1,355 )
AV Tech 28,124 (7,649 ) 20,475
South Downs Leisure 5,117 (900 ) 4,217
36,161 (13,999 ) 22,162
TOTAL FUNDS 954,246 (883,968 ) 70,278


Comparatives for 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 2024


19. MOVEMENT IN FUNDS - continued

Comparative 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

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

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

The AV Tech grant funding enables the charity to purchase new systems for high-quality music & cultural experiences, delivering a more diverse & sustainable future.

The South Downs Leisure funding is sponsorship income for one year from the 1st October 2024 by Business Friends Sponsorship.

20. EMPLOYEE BENEFIT OBLIGATIONS

The charity made contributions to a defined contribution pension plan, administered by a third party, amounting to £5,958 (2023: £5,550). The full expense is allocated to the unrestricted reserves.

21. RELATED PARTY DISCLOSURES

During the year, the charity purchased performances amounting to £7,973 (2023: £13,497) from R Durrant, spouse of the trustee, L Durrant.


22. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

70,278

60,658
Adjustments for:
Depreciation charges 11,576 9,900
Interest received (16,789 ) (3,504 )
Interest paid - 293
Decrease/(increase) in stocks 46 (721 )
Decrease/(increase) in debtors 16,428 (16,687 )
(Decrease)/increase in creditors (11,400 ) 57,488
Net cash provided by operations 70,139 107,427


23. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash

THE ROPETACKLE CENTRE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


23. ANALYSIS OF CHANGES IN NET FUNDS - continued
Cash at bank and in hand 504,497 56,332 560,829
504,497 56,332 560,829
Total 504,497 56,332 560,829