2022-04-03-accounts

		INDEX
Legal g Administrative information			Pages 3-4
Trustees' Report			Pages 5 -15
Auditors' Report			Pages 16-20
Consolidated Statement ofFinancial		Activities	Page 21
Balance Sheets (consolidated	and company)		Page 22
Statement ofCash Flows			Page 23
Notes tothe financial statements
(consolidated and company)			Pages 24-45

CONSTITUTION
Kingston Theatre Trust	isa company limited	by guarantee	and a registered	charity governed	by its Memorandum
&Articles.
TRUSTEES/DIRECTORS
Sian Alexander (appointed 11May 2021)
Angeilica Bell (resigned	SMay 2022)
Emma D'Souse
Kevin Davis (Formerly RBKNominee)
Simon Edwards (Formerly RBKNominee - resigned 7May 2022. Reappointed				28june 2022)
Chris Foy (Chair)
Yasmin Shahid Hafesji (appointed 6September 2022)
Baroness Sally Hamwee
Molly Hanson-Akins [resigned 16September		2022)
Robin Hutchinson MBE
Councillor Mike Massimi	(RBKNominee appointed 20July 2022)
Luke Nunneley (resigned	7September 2022)
Robert O'Dowd
jason Piper
William Price
David Tallis (resigned 9November 2021]
Councillor Wydeeswaran	Thayalan (RBKNominee appointed		201uly 2022)
Mandy Ure (resigned 26October 2022)
SECRETARY
Dinah Coomes
24-26 High Street
Kingston upon Thames
KT11HL

AUDITORS		Moore (South)	LLP
		Registered Auditors		and Chartered	Accountants
		Priory House
		Pilgrims Court
		Sydenham Road
		Guildford
		Surrey GU1 3RX
BANKERS		Charities Aid Foundation
		West Mailing
		Kent ME194TA
		NatWest Bank	pic
		Market Place
		Kingston upon	Thames
		KT11IX
		Metro Bank pic
		64-66Clarence	Street
		Kingston upon	Thames
		KT11NP
SOLICITORS		Russell-Cooke	LLP
		2Putney I-Iill
		London
		SW1S6AB
REGISTERED	OFFICE	24-26 High Street
		Kingston upon	Thames
		KT1 1HL
REGISTERED	CO. NUMBER	02492984
REGISTERED	CHARITy NO.	1000182

			Restncted	Restricted	Unrestricted	TOTAL
			Capital	Revenue
			2022 E	2022 E	2022 E	2022 f	2021f
Income from:
Donations aud legacies			252,000	809,495	621,284	1,682,779	1,246,313
Charitable activities					1,911,938	1,911,938	595,049
Other trading activities					36,226	36,226	S,957
Imrestments					106	106	110
Tatal income			252,000	809,495	2,569,554	3,631r049	1,847~9
Expenditure on:
Raising funds		6	1,431		180,669	182,113	290,198
Charitable acthstles		7	27,380	822,750	2,243,204	3,093,321	1,489,932
Other		10			25,957	25,957	22,067
Tote Iexpenditure			28,&11	822,750	2,4632I30	3,301+91	1,802rt96
Net Income			223,189	(13,255)	120,224	329,658	45,233
Transfer between	funds		4,000	(4,000)
Net movements	in funds		227,189	(17,255)	118,224	329,65g	45,233
Recandliatlon offunds:
Total funds brought farward			282,267	64,416	811,924	1,158,607	1,113974
Total funds carried forward			509,456	47,161	932,148	1~,265

		9April	2022
		Note	2022	2021	2022	2021
			3April	31March	3April	31March
			Groupf	Group f	Trust f	Trust 6
Fixed assets
Tangible Assets		15a	1,554,947	1,604,22Z	1,554,947	1,604,22Z
Investments		15b	1		1	1
			1,554,948	1,604,222	1,554,948	1,604,223
Current assets
Stock		16	41,604	30,253	41,604	5,695
Debtors		17	489,275	175,465	544,941	225,082
Cash at bank	and in hand		1,040,626	46S,Z03	879,059	423,680
			1,571,505	670,921	1,465,604	654p457
Creditors
Amounts falling due within one year			1,638,188	1,116,S36	1,532,2S7	1,100,073
			1,63S,188	1,116,536	1,532,287	1,100,073
Net current liabilities			[66,6SB)	(445,61Si	f66583)	(445,616)
Net assets			17ut5~265	1tssp607	ZJ488+65	1,158,607
Charity funds
Unrestricted	Funds -general		931,64S	811,924	931,648	811,924
			932,148	S11,924	932,148	811,924
gastric.ed Funds		20	556,617	346,683	556,617
Total charhy	funds		1498p265	1158)607	1~f265	1,15&,607

					2022	2021	2022	2021
					3April	31Marrh	3April	31March
					Group	Group	Tmst	Trust
					E	E		6
Cash Bows from operating	activities
Net cash provided by operating activities				26	59D,368	222,415		287502
Cash flows from investing	actnities
Dividends and interest from imrestments			and bank		106	110	106	110
Purchase ofproperty, plant and equipment					(15,050)	(85,683)	(15,050)	(85,683)
Invesbnent in production					(1)
Disposal ofpmducuon						9,660
Net cash used in Investing	activities				(14,945)	(75,913)	(14,944)	(85473)
Change in cash and cash equivalents		in the
reporting peiiod					575,423	146,502	455,379	201,929
Cash and cash equivalents	atthe beginning af
reporting period					465,203	318,701	423,680	221,751
Cash and cash equivalents	atthe end	of	the
reporting period						465,203	879,059

The income	was primarily	from the operation ofthe theatr	e.
			2Q22f	2021f
Boxoffice income			1,227,755	172,727
Programme,	catering and	hires income	232,376	28,911
Stakeholder	support		230,000	245,000
Learning &	participation	Income	222407	148,411
			1,911,938	595,049

Income fro	m other trading activities
		2022	2Q21
		f	E
Fundraising	events	1,486
Royalties and touring productions		10,395
Trading subsidiaries		24,345
		36,226	5.957
All income	from other trading activities for 2022 and 2021was unrestricted.
income from investments
		2022	2021f
Interest receivable		106	110
		106	110
All interest	receivable for 2022 and 2021was unrestricted.

Analyds of	expenditure on raising funds
		2022	2021
		E	E
Fundraising	costs ofgrants and donations:
Fundraisers	fees and salaries	88,070	76,216
Other direct	casts	5,317	4/22
Support costs (note 8)		87,295	203/07
Depreciatian	(note 9)	1,431	6,553
		182,113	290,198

				BoxOffice 8		Front of
				Production	teaming &	House &	Total	Total
				income .f	Partid patlan E	Cateringf	2022f	2021 E
Productions				1,534,072			1,534,072	556,075
teaming	&Participation				208,278		20S,278	137,740
Front of	House, Catering		&.Hires			141,317	141,317	143,591
Support	casts	{note8)		861,113	149,635	136,012	1,146,760	601,388
Depreciation		(note 9)		23,348	6,291	33,255	62g94	51,136
				2,418,533	364I2D4	310&584	3093321	1,489,930

8	Agocation	ofsuppo	rt costs
					BoxOffice &		Front of
			Basis of	Raising	Production	Learning &	House &	Total	Total
			Allocation	Funds E	Income r.	Productionf	Catering E	2022 E	2021f
	Marketing		Time	16,557	248,360	39,738	26,492	331,147	154,040
	BoxOffice		BOIncome	12,554	158,410	29,817		200,781	124,138
	Premises		Gross revenue
			generated by
			business activity	29,958	291,344	52,915	55,187	429,404	298,487
	Management	&
	Central resource		Time	22,281	133,685	22,281	44,562	222,809	187,450
	IT		Head count	5,289	25,389	4,231	8,463	43,372	35,064
	Other		Time as per
			management &
			central resources	654	3,925	654	1,308	6,541	5,216
				87,293	861,113	149,636	136,012	1,234,054	804,395
9	Allocation ofdepredation
					BoxOffice &		Front of
			Basis of	Raising	Production	Learning &	Hause &	Total	Total
			Allocation	Funds f	Income	Production E	Catering F.	2022 f	2021 f
	Leasehold		Gross revenue
			generated by
			business activity	743	7,232	1,313	1,370	10,658	10,658
	Bar&Front	of	Identifiable
	House equipment		assets				26,856	26,856	27,?46
	Boiler refurbishment		Gross revenue
			generated by
			business activity	688	66,88	1,214	1,266	9,856	9,856
	Auditorium	project	Identifiable
			assets		9,249			9,249	9,429
	Gallery project		Identifiable
			assets			3,763	3,763	7,256
				1,431	23,349		33,255	64,325	57,689

Other costs
				2022	2021
				E	E
6ovemance costs
External audit				13,000	13,250
Other fees paid toauditors				160	155
Other taxation advice				4,533	4,000
Indemnity Insurance				1,297	1,131
Legal and professional	charges			6,967	3531
				25,957	22,067
All expenditure on other		costs for 2022 and 2021was unrestricted.
Net income/(expenditure)			far the year
This isstated after charging			the fallowing:
				2022	2021
				E	E
Operating lease rentals				57,638	52,340
Depreciation				64,325	57,689
toss on disposal offixed			assets
Auditors remuneration		—Audit		13,000	13,250
Auditors remuneration		—Other services		160	155
Staffand artists' costs				1,644,646	1,177,867

ofremuneration	received by key management personnel is as fogows	:
		2022	2021
			E
Key management	remuneration	272,534	246,528
No(2021-no) trustees are accruing pension arrangements.

		2022	2021
		Number	Number
Raising funds		3	3
Charitable	activities	45	46
Governance		1	1
		49	50

Employees who earned overf60,	000in the year:
		2022	2021
		Number	Number
f60,000-f70,000 E70,000-f80,000 E80.000 -f90,000
The total staff costs and employee	benefits was as follows:
		2022f	2021 E
Wages and salaries		1,208,558	1,063,079
Social security costs		97,943	79,959
Pension costs		22,173	1$,747
		1,328,674	1,161,785
Staff recruitment costs		1,625
Amounts paid to third parties for	artists' fees 8 consultancy	310,647	16,082
Amounts paid ta third parties for	artists' pension costs	3,700
		1,644,646	1,177,867

Tangible fixed assets
		Group			Trust
	Leasehold			Leasehold
	Propertyf	Equipmentf	Totalf	Propertyf	Equipmentf	Totalf
Cost
At 31March 2021	1,334,583	914,006	2,248,589	1334,583	914,006	2,248,589
Additions		15,050	15,050		15,050	15,050
Disposals
At3April2022	1,334,583	929,056	2,263,639	2,334483	929,056	2,263,639
Depreciation
At31March 2021	141,242	503,125	644,367	141,242	503,125	644,367
Charge forperiod	10,658	53,667	64325	10,658	53p667	64325
Eliminated on dlsposals
At 3April 2022	151,900	556,792	708,692	151,900	556,792	70&,692
stet book value
At3April 2022	1,182,683	372,264	1,554,947	1,182,683	372,264	1,554,947
At31March 2021	1p193,341	410W1	1,604,222	1,193,341	410,881	1,604,222

Fixed asset Investments
	Shares in group
	Undertakings
Investments	E
Costs
At31March 2021and 3April 2027
Net BookValue
At 3April 2022
At 31March 2021

Stocks
	Group	Group	Trust	Trust
	2022f	2021f	2022 f	2021f
Stocks for resale		5,695	4,484	5,695
Closing yylP	3?,120	24,558	37,120
	41,604	30,253	41,604	5,695
Debtors
	Group	Group	Trust	Trust
	2022f	2021f	2022f	2021
Trade debtors	151,422	7,770	88,586	4,175
Amount owed by group undertaking			292,716	62,833
Accrued income	119,483	112,488	119,483	112,488
Theatre Tax Credit and Gift Aid	166,633	9,155
other debtors	7,309	543	309	543
Prepaid expenses	44,428	45,509	43,847	45,043
	489,275	175,465	544,941	225,082

		Group	Group	Trust	Trust
		2022 E	2021f	2022f	2021f
Trade creditors		228,339	194,936	221,690	194,936
BoxOffice advance		738,387	406,741	73S,387	406,741
Other tax and sacial security:
VAT		29,430	15,300	22,951	2,837
PAYE		32,641	24,116	31,641	24,116
Other creditors
Accruals and deferred income:
Accrued expenses		350,209	201,443	303,986	197,443
Deferred income		260,182	274,000	213,632	274,000
		1,638,18S	1,116,536	1,532,2&7	1,100,073
The movement in deferred incoine isasfollows:
		Group	Group	Trust	Trust
		2022f	2021 f	2022 f	2021 E
Balance at31March 2021		274,000	121,453	274,000	118,120
Amounts deferred	in the period	260,182	174,ODD	213,632	174,000
Amount released to incoming resources		(274,000)	(21,453)	(274,DOO)	(18,120)
Balance at3April 2022		260,182	274,000	213,632	274,000

	Property		Equipment
	3April	31March	3April	31March
	2022	2021 f.	2022f	2021
Lessthan 1year	30,000	35,000	43,725	47,700
Later than one and not later than five years				27,650

Fund reconciTiation (cont.}	Fund reconciTiation (cont.}
TRUST			Balance	Incoming	Outgoing		Closing
			8/F 31March	Resources	Resources	Transfers	3Aprii
			2021				2022
							E
Capital Fund
Boiler			49,949		(9,856)		34,093
Auditorium and Front of	House		163,056	2S2,000	(11,429)	4,000	407,627
Gallery performance space			75,262		(7,526}		67,736
Total Capital Fund			282,267	2$2,000	(28,811)	4,000	509,456
Restncted RevenueFund
LetMe In Festival			3,373				3.373
Intern Scheme			2,500				2,500
Bursary Scheme			2,Q02	1,240	(3,580)	1,251	913
Peter Hall Emerging Artist Fellowship			24,023	15,694	(5,150)		34,567
Youth Outreach			11,081	1,3$0	(10,908)		1,523
Rent
Chdistmas Tree				297	(297)
Mew Wilting Festival			186				1&6
Participate Fund			1,2$1	1,543		(1,251)	1,543
ACE/DCMS Culture Rerovery		Fund		468,225	(468,115)
ACE/QCMS Emergency Response Fund				300&000	(300,000)
Feasihigty Study Front of	House		20,QOQ		(16,000)	(4,000)
Access Fund				4,756	(2,700)		2,056
UKTheatre Love Your Local Theatre				16,500	(16,500)
Total Restricted Revenue	Fund		64,416	809,495	(823,250)	(4,000)	46,661
General Fund			811,924	2,569,554	(2,449,330)
			1,158,607	3,631,049	(3,031,391)		1388,265

Fund reconciliation	(can	t.)
Prior period:
TRUST			Balance	Incoming	Outgoing		Closing
			8/F 29March	Resources	Resources	Transfers	31March
			2020f				2021f
Capital Fund
Bailer			53,805		(9,856)		43,949
Auditodum			172,485		{9,429)		163.056
Gallery performance	space		3,986	72,575	(1,299]		75,262
Total Capital Fund			230,276	72,575	(20,584)		282,267
Restdcted Revenue	Fund
Let Me in Festival			3,373				3,373
intern Scheme			2,500				2,500
Bursary Scheme			2,667		{665)		2,0Q2
Peter Hall Emerging	Artist Fellowship		24,Q23				24,023
Yauth Outreach			22,495		(11,414)		11,081
Rent
Christmas Tree				24Q	(240)
New Writing Festival			186				186
Participate Fund			1,2S1				1,251
ACE/DCMS Culture Recovery Fund				38Q,OQQ	(380,00Q)
Feasibility Study Front of		House		20,000			20,00Q
Total Restricted Revenue		Fund	56,495	400,240	(392,319)		64,416
Unrestricted Designated		Fund
Generalfund			826,603	1,374,616	(1,389,293)		811,924
Total			1,113,374	1,847,429	(1,802,196)		1,158,607

Analysis afg	roup net assets betwee	n funds
				Restricted
		General	Capital	Revenue	Designated	Total
		Fundf	Fund	Fund	Fund	Fundf
Tangible fixed assets		1,04S,491	S09,456			1,554,947
Cash		993,465		47,161		1,iM0,626
Other assets		(1,1Q7,3Q8)				(1,107,308)
		932,148	509,456	47,161		1,488,265
Prior period:
				Restricted
		General	Capital	Revenue	Designated	Total
		Fund E	Fund	Fund f	Fund	Fundf
Tangible fixed assets		1,321,955	282,267			1,604,222
Cash		400,587		64,416		465,203
Other assets		(910,818)				(910,818)
		811,924	2$2,267	64,416		1,158,607
Pension and other past-retirement		benegt commitment
Defined Contribution
				2022		2021
				E
Contributions	payable by the charity	in the period		25,$73		1$,747

				Group	Group	Trust	Trust
				2022	2021	2022	2021
				E	E	E	E
Financial assets
Debt instruments measured at		amortised	cost;
-Trade debtors (note	17)			151,422	7,770	88,587	4,175
—Amounts owed by group undertakings			(note 16)			292,717	62,833
-Other debtors (note	1/)			7,309	543	309	543
-Accrued income (note 17)				119p483	112,488	119,483	112,488
-Cash in hand and at	bank			1,040,626	465,203	8792ISS	423,6SO
				1,318,840	586,004	1380,154	603,719
Financial liabilities
Measured at amortised cost:
—Trade creditors (note 18)				228,339	194,936	221,690	194,936
-Accrued expenses (note 18)				350,209	201,443	303,986	197,443
				5'78,548	396,379	525,676	392,379
Reconciliation ofconsolidated		net income to net cash flow from operating			activities
				Group	Group	Trust	Trust
				2022	2021	2022	2021
				E	E	E	E
Net income for the reporting period				329,6SS	45,233	329,658	45,233
Adjustments for:
Depreciation charges				64,32S	57,689		57,689
Loss on disposal offixed assets
Dividends and interest from investments			and bank	(106)	(110)	(106)	(110)
(Increase) / decrease	in stock			(11,351)	(24,758)	(35,909)	(200)
(Increase) / decrease	in debtors			(313,810)	174,744	(319,859)	177,730
Increase/(decrease)	in rreditors			521/652	(30,383)	432,214	7,160
fiat cash provide d by	operating	activities		590,368	222,415	470,323	28/,502