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|||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|
##
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##
|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||||
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||||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||
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|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|
##
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|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|
##
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##
|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||
##
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|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|
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|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|
##
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##
|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|
##
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|||||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|