REGISTERED COMPANY NUMBER: 07747048 (England and Wales)

REGISTERED CHARITY NUMBER: 1144299

Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2025

for

Zest Theatre

Page

Report of the Trustees

1

to

7

Independent Examiner's Report

8

Statement of Financial Activities

9

Statement of Financial Position

10

to

11

Notes to the Financial Statements

12

to

18

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 March 2025. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objects are specifically restricted to the following:

1. To advance in life and help young people through:

(a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life.

(b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

2. To advance the education of young people in all aspects of the dramatic arts.

3. To advance the education of the public in all aspects of the dramatic arts and the development of public appreciation of such art by the putting on of performances.

Significant activities

In deciding what activities to undertake, the trustees have had due regard to the guidance published by the Charity Commission regarding public benefit.

Zest exists to make space for young people to be heard, using creativity to amplify their voices through theatre and cultural experiences. Our vision is to release the voice of a generation to make the world a better and more creative place.

Founded in 2007, Zest creates work with and for young people under 25 – from theatre productions to youth-led public art and cultural spaces – reaching communities in theatres, festivals, schools, public spaces, and online. Our approach has evolved in recent years to meet rising needs with more responsive and inclusive delivery, including a growing focus on public realm work, mobile youth infrastructure, and sector influence.

In 2023/24, we became an Arts Council England National Portfolio Organisation, receiving multi-year investment to support our artistic programme and operations. We were also appointed Associate Artists at Lincoln Arts Centre, contributing to the venue’s programme and strategic development. These milestones have strengthened our creative ambition and organisational resilience.

Across this period, Zest reached 344,255 people through our programmes - including young people and their wider communities. This impact was delivered nationally and locally: from the virtual, national reach of Future Proof to our Refresh programme amplifying youth voice at in hyper-local communities. Meanwhile, The Zone and the R&D of Sound Board were intentionally Lincoln-based in this year, anchoring innovation in our home community before scaling nationally in 2025/26.

Highlights of the year included:

- Continued youth governance through Future Proof and Future Proof+, including the appointment of two young trustees.

- National delivery of Refresh, including projects in Darlington and South & East Lincolnshire, and a major commission for Arts Council England.

- Design, build, and launch of The Zone, a free, mobile youth space that welcomed 930 young people across Lincoln during summer 2024.

- Completion of R&D for Sound Board, a new unscripted touring show co-created with young people and designed to be staged in festivals and public spaces from 2025.

ACHIEVEMENT AND PERFORMANCE

Measuring Our Impact

In previous years, Zest reported engagement figures using different models depending on the project, sometimes counting the number of unique individuals, and in other cases, total attendance or ticket numbers. This led to inconsistencies across reporting. In 2024/25, we introduced a more consistent and transparent approach across all projects.

We now report two forms of attendance:

Participant Attendance refers to the number of times young people actively participated in workshops, advisory groups, or other participation-based sessions. This figure captures the total number of participatory engagements rather than the number of unique individuals.

Audience Attendance refers to the total number of people who experienced our public-facing work, such as performances and installations. These figures are based on tickets issued, known or estimated footfall.

This shift means our reported figures reflect the full extent of our reach and activity, while acknowledging that individuals may be counted more than once if they engaged with us on multiple occasions. All figures listed below follow this model unless otherwise stated.

Charitable activities

All of the projects listed below worked collectively to allow Zest to fulfil its Charitable Objects in this period:

Future Proof & Future Proof+

Future Proof is Zest’s Youth Advisory Board made up of young people from across the country, all former participants of Zest’s touring productions. Meeting monthly via Zoom, this paid group acts as a core consultancy team, advising on programming, policy, recruitment, and strategy. Approximately 14 young people attend each session. In this period, we appointed our first two young trustees through Future Proof+, our shadow board initiative, and introduced a paid Future Proof Co-Leader role to co-lead sessions and represent the group at Board level.

Participation Sessions: 15

Participant Attendance: 184

Refresh Darlington

For the fourth consecutive year, Zest was commissioned by Darlington Borough Council to deliver Refresh as part of its In2 programme. We worked with Year 6 pupils from three of the borough’s most in-need wards, gathering their thoughts and ideas through creative workshops. Selected quotes were transformed into artworks displayed both inside and outside their schools, amplifying young voices within their immediate communities.

Participation Sessions: 12

Participant Attendance: 263

Audience Attendance: 46,299

Refresh South & East Lincolnshire

Commissioned as part of Zest’s ongoing partnership with South & East Lincolnshire Council Partnership, this edition of Refresh explored the voices and experiences of young people living in East Lindsey, Boston Borough, and South Holland. Through a series of creative workshops co-led by local young people, participants were invited to reflect on their lives, hopes, and challenges. Their words were transformed into large-scale artworks - including flags and banners - which were exhibited in public spaces across the region, from town centres to cultural venues and local events.

Participation Sessions: 23

Participant Attendance: 764

Audience Attendance: 10,358

Refresh Your Perspective

Commissioned by Arts Council England, Refresh Your Perspective explored the relationship between youth mental health, public health services, and the role of arts and culture in shaping future care. The project was co-designed with members of Future Proof, Zest’s Youth Advisory Board, through a series of creative workshops delivered between January and March 2025. Young people shared powerful insights on the future of the NHS, the challenges facing their generation, and the potential for creative spaces to offer meaningful support. Their words formed the basis of a bold new public artwork, which was installed at the Engaging Communities in Arts and Culture conference at The Lowry in April 2025. As such, this report captures the participation activity, with the installation itself to be reported in the 2025/26 period.

Participation Sessions: 3

Participant Attendance: 32

The Zone

The Zone is Zest’s free-to-access, mobile youth space designed with and for young people aged 11-18. Its creation was shaped by years of research and consultation, including Make Space (2022) and the Lincoln Cultural Compact (2022), which identified a deep need for safe, creative spaces where young people feel they belong. Funded by The National Lottery Community Fund and Lincolnshire Coop, and designed and developed in partnership with AirClad, this pilot phase, delivered across summer 2024, saw The Zone tour three communities in Lincoln: City Square (in the heart of the city centre), Sincil Bank, and Moorlands. Young people were invited to drop in, participate in arts activities, or simply chill - with every element designed to feel welcoming, creative, and responsive to local needs.

Participation Sessions: 66

Participant Attendance: 1,009

Sound Board R&D

Between February and March 2025, Zest undertook the research and development phase for Sound Board, a new unscripted live show co-created with young people. Set to tour in the next financial year, Sound Board is designed to break away from traditional theatre models by being more spontaneous, responsive, and rooted in real conversations with its audience. The show is built around themes of youth voice, identity, and emotional wellbeing - using games, chat, and creative responses to explore what matters most to each local audience. This R&D phase allowed us to test new formats, creative frameworks, and hosting models to ensure the work is flexible, impactful, and scalable. It also forms part of Zest’s wider response to sector challenges - developing new ways to engage young people in public spaces while reducing touring costs, lowering environmental impact, and embedding deeper mental health sensitivity across our practice.

Participation Sessions: 4

Participant Attendance: 80

Refresh Medway

Building on a first phase of delivery in 2023 focused on Chatham, the second phase of Refresh Medway culminated in March 2024 with a final wave of creative workshops and public installations across Gillingham and Strood. Commissioned by Medway Council and the Medway Cultural Education Partnership, the project gathered their insights, opinions, and creative expression through a series of school-based workshops. These words were transformed into large-scale artworks displayed prominently in town centres, civic buildings, and everyday public spaces. Although Zest’s direct delivery concluded in March 2024, the artworks remain in situ throughout 2024/25, continuing to bring visibility, representation, and pride to young people in the region. The audience figures reported here reflect the estimated footfall and exposure during the 2024/25 financial year.

Audience Attendance: 284,532

Youth Homelessness Prevention Project (Rutland)

In 2024–25, Zest delivered a targeted creative education project in Rutland focused on the prevention of youth homelessness. Working in partnership with Rutland County Council, the project used creative workshops in schools to engage young people in open, accessible conversations about housing, independence, and the challenges that can lead to homelessness. Through storytelling, group dialogue, and creative reflection, the programme aimed to equip young people with knowledge, confidence, and support strategies to help prevent future housing insecurity.

Participation Sessions: 20

Participant Attendance: 584

TOTAL PARTICIPATION SESSIONS: 143

TOTAL PARTICIPANT ATTENDANCE: 2,914

TOTAL AUDIENCE ATTENDANCE: 341,189

TOTAL ATTENDANCE: 344,103

It is the trustees view that the requirement to demonstrate public benefit is met by its charitable objectives and by the means of delivery and provision of opportunity for engagement and participation. Specific examples of relevant modes of operation include the wide range of artwork created and the high levels of engagement in participation projects at a time of great uncertainty and crisis for communities. In addition to this we've also maximised opportunities for young people to take part for free, or even as paid opportunities.

FINANCIAL REVIEW

Reserves policy

The charity's free reserve policy aims for free reserves of £34,400 in order to cover three months worth of core costs, including salaries and on costs. At the end of the period, the charity had a positive free reserve of £88,490. The free reserves are calculated by taking the unrestricted reserves balance at the end of the year, less any fixed asset funds. In April 2023, Zest Theatre joined Arts Council England's National Portfolio - receiving £540,000 until 2026 to support our core costs and artistic programme. Arts Council England have since extended this by an extra year until 2027 to provide additional support to organisations through the cost of living crisis. This, together with our bolstered income streams, will see Zest add an additional £10,600 to our free reserves each year until March 2026.

Going concern

Thanks to Arts Council's significant investment into Zest Theatre, we remain a going concern with £180,000 of public money being awarded each year until March 2027. This new funding has seen nearly double its turnover, expand its team and capacity, increase reach, and bolster our free reserves. This new investment is furthered through a range of new national partnerships, bringing support from local authorities into the charity to support our work.

Financial Review

Zest closes this accounting period with a surplus of £58,632 (2024: surplus of £34,453).

At the time of writing this report Zest Theatre remains a going concern through careful financial management and further development of the company's income.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Zest Theatre is both a company limited by guarantee, as defined by the Companies Act 2006, and a registered charity. Its governing document is the Memorandum and Articles of Association adopted on 19 August 2011, as last amended by special resolution dated 1 February 2016. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

Recruitment and appointment of new trustees

The Directors of the company are also charity trustees for the purposes of charity law and throughout this report are collectively known as the trustees. The existing board of trustees were individually appointed on the strength of their respective background and an obvious enthusiasm and commitment to support the company on an ongoing basis. As set out in the Articles of Association, the board may from time to time and at any time appoint a new trustee to join. The decision to elect new trustees to the board is based upon the availability of suitable candidates with a requisite skills base together with an acknowledgement by the board that additional support would be beneficial in order to assist in the company's development.

Organisational structure

The Board of Trustees administers the charity. The Artistic Director & CEO is responsible for the day-to-day operations of the company. To facilitate effective operation, the Artistic Director & CEO has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment and artistic performance related activity.

Induction and training of new trustees

New trustees are provided with:

- information on their legal obligations under charity law

- access to the mem and arts

- training and access to the full suite of board papers, including the financial performance of the company.

During this induction they meet key employees and other trustees. Trustees are also encouraged to attend projects and view work delivered by Zest Theatre employees.

Establishment and history of Zest Theatre

Zest exists to make space for young people to be heard, using creativity to amplify their voices through theatre and cultural experiences. Established in 2007, we make a range of work for theatres, festivals, public spaces, schools, and digital platforms. Our award-winning work has been described as 'unpretentious' (The Stage) and 'essential' (The Guardian). Our productions and installations actively place the audience right at the heart of the story.

We are passionate about amplifying the voices of young people, creating productions, digital pieces, and public art installations inspired by the needs, lives and imaginations of those aged under 25. Our work releases the voice of a generation to make the world a better, and more creative, place.

We have eclectic tastes and love creating bold new ideas - this means that there is no such thing as a 'Zest Style'; each of our projects are very different. However, innovation, joy, empowerment and accessibility are integral to everything we produce, creating a DNA that is unmistakably Zest's.

We are proudly based in Lincoln and work closely with local partners to support the development of Lincolnshire's arts and culture sector.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07747048 (England and Wales)

Registered Charity number

1144299

Registered office

Barbican Creative Hub

11 St Mary's Street

LINCOLN

Lincolnshire

LN5 7EQ

Trustees

P Holland Producer (resigned 7.2.25)

R Mackenzie Senior Consultant (resigned 31.12.24)

N Ellwood Executive Coach

G Kaur Bains Equality, Diversity and inclusion lead

A Zia Senior Solicitor

R Baynton Associate Professor & Artist

A J Davey Company Director / Hr Director

C W Elmer-Gorry Artistic Director

E J Lugrin Management Consultant

M Hutchinson (appointed 22.1.25)

J Gomez-Ejimbe (appointed 22.1.25)

Independent Examiner

Steve Robinson ACA

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

Bankers

NatWest Bank Plc

225 High Street

LINCOLN

Lincolnshire

LN2 1AZ

Solicitors

Wilkin Chapman

The Maltings

11-15 Brayford Wharf East

LINCOLN

LN5 7AY

Approved by order of the board of trustees on 28 November 2025 and signed on its behalf by:

N Ellwood - Trustee

Independent examiner's report to the trustees of Zest Theatre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

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.

Steve Robinson ACA

The Institute of Chartered Accountants in England and Wales

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

28 November 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

2,168

-

2,168

8,241

Charitable activities

Artistic programme

310,898

-

310,898

316,878

Investment income

3

453

-

453

201

Other income

4

52,232

-

52,232

-

Total

365,751

-

365,751

325,320

EXPENDITURE ON

Charitable activities

5

Zest Theatre Core

111,276

-

111,276

135,266

Artistic programme

195,843

-

195,843

155,601

Total

307,119

-

307,119

290,867

NET INCOME

58,632

-

58,632

34,453

RECONCILIATION OF FUNDS

Total funds brought forward

34,993

-

34,993

540

TOTAL FUNDS CARRIED FORWARD

93,625

-

93,625

34,993

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

5,135

-

5,135

1,049

CURRENT ASSETS

Debtors

12

11,238

-

11,238

7,541

Cash at bank

87,218

-

87,218

48,202

98,456

-

98,456

55,743

CREDITORS

Amounts falling due within one year

13

(9,966

)

-

(9,966

)

(21,799

)

NET CURRENT ASSETS

88,490

-

88,490

33,944

TOTAL ASSETS LESS CURRENT LIABILITIES

93,625

-

93,625

34,993

NET ASSETS

93,625

-

93,625

34,993

FUNDS

14

Unrestricted funds

93,625

34,993

TOTAL FUNDS

93,625

34,993

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 28 November 2025 and were signed on its behalf by:

N Ellwood - Trustee

1.	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.

At the period end the balance sheet shows a net current asset of £88,490 and there is a surplus for the period of £58,632.

After reviewing the position after the balance sheet date, Zest remains a going concern, therefore the accounts have been prepared on a going concern basis.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donated services and facilities:

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

The Charity is VAT registered. All figures shown are exclusive of VAT.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Drama and stage equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer and sound equipment

-

33% on cost

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 objectives 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.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Government grants

Government grants which have been accounted for under the accruals model in respect of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

2,014

8,199

Cashback/rewards

154

42

2,168

8,241

3.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

453

201

4.	OTHER INCOME

2025

2024

£

£

Theatre tax relief

52,232

-

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Zest Theatre Core

111,276

-

111,276

Artistic programme

-

195,843

195,843

111,276

195,843

307,119

6.	SUPPORT COSTS

Human

Governance

Management

Finance

resources

costs

Totals

£

£

£

£

£

Artistic programme

183,770

264

2,630

9,179

195,843

7.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Other assurance services

6,854

5,606

Depreciation - owned assets

484

262

Included in governance is fees payable to the reporting accountant with regards to external scrutiny of £3,000 (2024 : £2,550) and other services £3,854 (2024 : £3,056).

Included in income from charitable activities are grants from Arts council england these have been received and spent.

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

9.	STAFF COSTS

Period

Period

1.4.24

1.4.23

to

to

31.3.25

31.3.24

£

£

Wages and salaries

115,867

83,994

Social security costs

6,219

3,000

Pension costs

2,679

1,953

124,765

88,947

The average monthly head count was 5 staff (2024 : 4) and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows:

2025

2024

Direct charitable employees

5

4

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

10.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024 and 31 March 2025

25,000

AMORTISATION

At 1 April 2024 and 31 March 2025

25,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

11.	TANGIBLE FIXED ASSETS

Drama and

Fixtures

Computer

stage

and

and sound

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

2,757

929

1,792

5,478

Additions

4,200

-

370

4,570

At 31 March 2025

6,957

929

2,162

10,048

DEPRECIATION

At 1 April 2024

2,613

211

1,605

4,429

Charge for year

125

179

180

484

At 31 March 2025

2,738

390

1,785

4,913

NET BOOK VALUE

At 31 March 2025

4,219

539

377

5,135

At 31 March 2024

144

718

187

1,049

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,482

4,808

VAT

102

-

Prepayments and accrued income

3,654

2,733

11,238

7,541

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,537

3,065

Social security and other taxes

2,502

5,051

VAT

-

4,527

Other creditors

1,123

5,541

Accruals and deferred income

4,804

3,615

9,966

21,799

14.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

34,993

121,377

(62,657

)

93,713

Arts Council Funding

-

(62,745

)

62,657

(88

)

34,993

58,632

-

93,625

TOTAL FUNDS

34,993

58,632

-

93,625

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

176,751

(55,374

)

121,377

Arts Council Funding

189,000

(251,745

)

(62,745

)

365,751

(307,119

)

58,632

TOTAL FUNDS

365,751

(307,119

)

58,632

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.23

in funds

funds

31.3.24

£

£

£

£

Unrestricted funds

General fund

540

37,429

(2,976

)

34,993

Arts Council Funding

-

(2,976

)

2,976

-

540

34,453

-

34,993

TOTAL FUNDS

540

34,453

-

34,993

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

142,370

(104,941

)

37,429

Arts Council Funding

182,950

(185,926

)

(2,976

)

325,320

(290,867

)

34,453

TOTAL FUNDS

325,320

(290,867

)

34,453

Transfers between funds

Included within transfer of funds is an amount of £62,657 which has been transferred from the general fund to the Arts Council Funding fund. These are both unrestricted funds. This is in relation an overspending in the Arts Council Funding fund.