2020-09-30-accounts - Wiltons Music Hall

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	Page
Company Information
Chairman's Statement
Trustees' Report
Report ofthe Independent Auditors
Consolidated Statement ofFinancial Activities
Consolidated Statement ofFinancial Position
Company Statement ofFinancial Position	13
Consolidated Statement ofCash Flows	14
Notes to the Consolidated Financial Statements	15

TRUSTEES:	Dr John Gayner
	Melanic Gurney
	James Heaton
	Kathleen Herron
	Andrew Makin
	George Marsh (Chair)
	William Taylor
	Mark Tierney
	Anne Vallely
REGISTERED OFFICE:	Wilton's Music Hall
	Graces Alley
	London
	El SJB
REGISTERED NUMBER:	02553922 (England		and Wales)
CHARITY REGISTERED NUMBER:	1003041
EXECUTIVE DIRECTOR:	Holly Kendrick
INDEPENDENT AUDITORS:	MHA Maclntyre	Hudson
	2 London Wall	Place
	Barbican
	London
	EC2Y 5AU
ACCOUNTANTS:	ansteybond
	1 Charterhouse	Mews
	London
	EC]M 6BB
BANKERS:	Coutts &Co
	440 Strand
	London
	WC2R OQS
CHARITY WEBSITE:	www. wiltons. org.uk

					2020	2019
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
		Notes
INCOME
Donations, subscriptions	and grants		177,465	232,791	410,256	206,441
Charitable activities			892,810		892,810	1,246,984
Other trading activities			464,519		464,519	1,030,958
Investment income			544		544	114
Total			1,535,338	232,791	1,768,129	2,484,497
EXPENDITURE ON
Raising funds			550,443		550,443	693,358
Charitable activities			1,009,077	95,884	1,104,961	1,598,372
Governance			11,830		11,830	13,485
Total			1,571,350	95,884	1,667,234	2,305,215
NET INCOME/(EXPENDITURE)			(36,012)	136,907	100,895	179,282
Net movement in funds		9	~36,012	136,907	100,895	179,282
RECONCILIATION	OF FUNDS
Total funds brought forward			834,965	3 514,384	4,349,349	4 170067
TOTAL FUNDS CARRIED FORWARD			798,953	3,651,291	4,450,244	4,349,349

				2020	2019
		Unrestricted	Restricted	Total	Total
		Fund	Fund	Funds	Funds
	Notes
FIXEDASSETS
Tangible Assets	11	141	32,168	32,309	3,174
Heritage Assets	12		3,467,977	3,467,977	3,537,415
Total		141	3,500,145	3,500,286	3,540,589
CURRENT ASSETS
Stocks	14	8,755		8,755	15,762
Debtors	15	203,733		203,733	217,958
Cash at Bank		716,751	304,753	1,021,504	1,074,654
Total		929,239	304,753	1,233,992	1,308,365
CREDITORS
Amounts falling due within one year	36	~130,427	~153,607	~284,034	~499,605
NET CURRENT ASSETS		798,812	151,146	949,958	808 760
TOTAL ASSETSLESSCURRENT		798,953	3,651,291	4,450,244	4,349,349
LIABILITIES
NET ASSETS		798,953	3,651,291	4,450,244	4,349,349
FUNDS
Unrestricted funds				798,953	834,965
Restricted funds				3,651,291	3,514,384
TOTAL FUNDS				4,450,244	4,349,349

				2020	2019
		Unrestricted	Restricted	Total	Total
		Fund	Fund	Funds	Funds
	Notes
FIXEDASSETS
Tangible Assets	11	141	32,168	32,309	3,174
Heritage Assets	12		3,467,977	3,467,977	3,537,415
Investment in subsidiary	13	100		100	100
Total		241	3,500,145	3,500,386	3,540,689
CURRENT ASSETS
Debtors	15	38,171		38,171	126,209
Cash at Bank		549,977	304,753	854,730	612,649
Total		588,148	304,753	892,901	738,858
CREDITORS Amounts falling due within one year	16	~151,267	~153,607	~304,874	~299,455
NET CURRENT ASSETS		436,881	151,146	588,027	439,403
TOTAL ASSETSLESSCURRENT		437,122	3,651,291	4,088,413	3,980,092
LIABILITIES
NET ASSETS		437,122	3,651,291	4,088,413	3,980,092
FUNDS
Unrestricted funds				437,122	442,677
Restricted funds				3,651,291	3,537,415
TOTAL FUNDS				4,088,413	3,980,092

				2020	2019
			Note
Cash flows from operating activities
Net cash provided by operating activities			20	53,141	333,032
Cash flows from investing	activities
Purchase oftangible fixed	assets
Net cash used in investing	activities
Change in cash and cash	equivalents	in year		(53,141)	333,032
Cash and cash equivalents	brought forward			1,074,645	741,613
Cash and cash equivalents	carried forward		21	1,021 504	I 074,645

		Unrestricted	Restricted	Total	Total
		funds	Funds	Funds	Funds
		2020	2020	2020	2019
Appeals and Donations		161,875	232,791	394,666	181,781
Grants
Subscription s		15,590		15,590	24,660
Total donations	and legacies	177,465	232,791	410,256	206,441
Total 2019		110,404	96,037	206,441

			Unrestricted	Restricted	Total	Total
			funds	Funds	Funds	Funds
			2020	2020	2020	2019
Productions,	Events and Educational	Activities	890,810		892,810	1,246,984
Total 2019			1,246,984		1,246,984

	INC	OME FR	OM TRADING AC	TIVITES
				Unrestricted	Restricted	Total	Total
				funds	Funds	Funds	Funds
				2020	2020	2020	2019
Bar and Merchandise			Sales	348,852		348,852	750,889
Theatre Hire				81,451		81,451	266,001
Other	Income			34,216		34,216	14,068
Total				464,519		464,519	1,030,958
Total	2019			1,030,958		1,030,958
6.	INVESTMENT INCOME
				Unrestricted	Restricted	Total	Total
				funds	Funds	Funds	Funds
				2020	2020	2020	2019
Investment		Income - Interest		544		544	114
Total	2019			114		114

	Fundraising		Charitable	Total	Total
	Expenses	Governance	Activities	2020	2019
Staff Costs (Note 10) Support Costs (Note 8) Commercial Trading Costs	109,952 35,478 185,642		460,565 276,765	570,517 312,243 185,642	542,261 366,511 374,400
Productions, events and educational activities	219,371		297,193	516,564	863,171
Restoration and project related activities			26,447	26,447	41,508
Audit and governance review		11,830		11,830	13,485
Freelance staff costs			43,991	43,991	103,879
Total	550,443	11,830	1,104,961	1,667,234	2,305,215
Total 2019	693,358	13,485	1,598,372	2,305,215
8. SUPPORT COSTS
				2020	2019
Premises Costs Office Costs Marketing and Communications Training, temporary staff and other non-salary Accountancy, finance and advisory Amortisation ofheritage assets Depreciation ofFixed assets Legal and Professional Bank Charges Other		costs		76,162 55,490 18,070 2]4 49,821 69,438 3,033 600 38,304 1,1 1 1	104,940 51,326 26,662 760 39,140 69,438 4,124 12,154 56,585 1,382
Total				312,243	366,511
9. NET MOVEMENT IN	FUNDS
Net movement in funds after charging				2020	2019
Amortisation ofheritage assets Depreciation offixed assets Auditor's Remuneration				69,438 3,033 11,830	69,438 4,124 13,485
				84,301	87,048

		2020	2019
Wages	and salaries	520,320	477,360
Social	security cost	32,040	35,636
Pension	costs	18,156	15,265
Shared	success fund		14,000
Total		570,516	542,261

				2020	2019
Fundraising				I	1
Commercial Activities				24	24
Charitable Activities				32	24
				57	49
1. TANGIBLE FIXEDASSETS
Group and Company	Cost	Musical	Fixtures and	Computers	Total
		Instruments	Fittings &	and IT
			Equipment
Cost at 1 October 2019		17,210	41,244	9,818	68,272
Additions			32,168		32,168
At 30 September 2020		17,210	73,412	9,818	100,440
Depreciation
At 1 October 2019		17,210	38,070	9,8]8	65,098
Charge for the year			3,033		3,033
At 30 September 2020		17,210	41,103	9,818	68,131
Net Book Value
At 30September 2020			32,309		32,309
At 30September 2019			3,174		3,174

Group and Company	Cost						Heritage
							Assets
Cost at 1 October 2019	and 30	September 2020				4,239,023
Impairment
At 1 October 2019							701,608
Charge for the year							69,438
At 30September 2020							771,046
Net Book Value
At 30 September 2020						3,467,977
At 30September 2019						3,537,415
ummary analysis ofHeritage		Asset transactions
		2020	2019	2018	2017	2016	2015
Additions
Assets purchased—					715	46,592	1,843,299
development
Total Additions					715	46,592	1,843,299
Amortisation
Assets purchased-		69,438	69,438	69,438	69,438	69,418	21,918
development
Sub total		69,438	69,438	69,438	69,438	69,418	21,918
3. FIXEDASSET INVESTMENTS
Charity						Shares in group
							undertakings
At 1October2019and	30Sept	ember2020					100

A summary ofthe	tr	ading r	esults are shown b	elow:
						2020		2019
Turnover						652,305		1,199,210
Cost ofSales						(514,966)		(651,980)
Gross Profit						137,339		547,230
Administrative Expenses						(111,646)		(117,544)
Theatre Tax Relief						24,906		7,856
Net Profit						50,599		437,542
Retained earnings	brought		forward			369,357		361,501
Distribution to parent charity						(50,500)		(429,686)
Retained earnings		carried	forward			369,456		369,357
14. STOCKS
					Grou			Charit
				2020	2019		2020	2019
Goods for resale				8,755	15,762
15. DEBTORS
					Grou			Charit
				2020	2019		2020	2019
Trade Debtors				103,771	95,531			8,170
Amounts Owed by		group	undertakings					59,536
Other Debtors				25,388	76,707		25,388	50,808
Prepayments and	accrued		income	41,813	37,864		12,783	7,695
Tax Recoverable				32,761	7,856
				203,733	217,958		38,171	126,209

6. CREDI	TORS: Amounts falling	due within one yea	r
			Grou		Charit
		2020	2019	2020	2019
Trade Creditors		10,507	42,275	9,778	32,976
Amounts Owed	to group undertakings			242,046
Other taxation	and social security	19,814	39,244	19,814	38,186
Other Creditors		49,687	59,684	8,636	13,098
Accruals and deferred income		204,026	358,402	24,600	215,195
		284,034	499,605	304,874	299,455

Deferred	Income						Grou		Charit
						2020	2019	2020	2019
Deferred	income	brought forward				297,835	269,662	162,253	154,991
Amount	deferred	in	the year	for		14,885	162,253	14,885	162,253
charitable	activities
Amount	deferred	in	the year	for		165,887	135,582
trading activities
Amount	released	to	income	earned		(162,253)	(154,991)	(162,253)	(154,991)
from charitable activities
Amount	released	to	income	earning		(135,582)	(114,671)
from trading activities
Deferred	income	carried forward				180,772	297,835	14,885	162,253
7. FINANCIAL			INSTRUMENTS
								2020	2019
Financial	assets	measured at		amortised	cost			103,771	95,531
Financial	liabilities		measured	at amortised		cost		10,507	42,275

Statement offunds	—Curren	t year
		Balance at				Balance at 30
		I October				September
		2019	income	Expenditure	Transfers	2020
Designated Funds
Building Fund		20,000				20,000
Future Fund		200,000				200,000
Shared Success Fund		3,500				3,500
		223,500				223,500
General Funds
General Funds		611,465	1,535,338	],571,350		575,453
Total Unrestricted	funds	834,965	1,535,338	I 571,350		798,953
Restricted Funds
Phase 2 —Heritage	Lottery	56,089		(1,350)		54,739
Fund
Music Hall Heritage		3,407,576		(69,437)		3,338,139
Property
Beautiful Word Campaign		50,719	232,791	25,097		258,413
		3,514,384	232,791	95,884		3,651,291
Total offunds		4,349,349	1,768,129	1,667,234		4,450,244

Statement	offunds	—prior y	ear
			Balance at				Balance at 30
			1 October				September
			2018	Income	Expenditure	Transfers	2019
Designated Funds
Building	fund		20,000				20,000
Future fund			200,000				200,000
Shared Success fund			17,500		14,000		3,500
			237,500		14,000		223,500
General	Funds
General	Funds		355,874	2,388,460			355,874
Total Unrestricted		funds	593,374	2,388,460			593,374
Restricted Funds
Phase 2 —Heritage Lottery			65,279		(9,190)		56,089
Fund
Music Hall Heritage			3,477,014		(69,438)		3,407,576
Property
Productions, events		and	34,400	13,000	(47,400)
education
Beautiful	Word Campaign			83,037	32,318		50,719
			3,576,693	96,037	158,346		3,514,384
Total of	funds		4,170,067	2,484,497	2,305,215		4,349,349
Summary	offunds —Current		year
			Balance at				Balance at
			1 October				30
			2019	Income	Expenditure	Transfers	September
							2020
Designated	fund		223,500				223,500
General Funds			611,465	1,535,338	1,571,350		575,453
			864,965	1,535,338	1,571,350		798,953
Restricted	Funds		3,514,384	232,791	95,844		3,651,291
Total offunds			4,349,349	1,768,129	1,667,234		4,450,244

ummary		offunds —Prio	r year
			Balance at				Balance at
			1 October				30
			2018	Income	Expenditure	Transfers	September
							2019
Designated		fund	237,500		(14,000)		223,500
General	Funds		355,874	2,388,460	2,132,869		611,465
			593,374	2,388,460	2,146,869		834,965
Restricted		Funds	3,576,693	96,037	158,346		3,514,384
Total of	funds		4,170,067	2,484,497	2,305,215		4,349,349

nalysis	ofnet assets between funds —curren	t year
		Unrestricted	Restricted	Total funds
		funds 2020	funds 2020	2020
Tangible	fixed assets	141	32,168	32,309
Heritage	assets		3,467,977	3,467,977
Current	assets	929,239	304,753	1,233,992
Creditors	due within one year	130,427	153,607	284,034
		798,953	3,651,291	4,450,244

			Unrestricted	Restricted	Total funds
			funds 2019	funds 2019	2019
Tangible	fixed assets		3,174		3,174
Heritage	assets			3,467,977	3,467,977
Current	assets		1,308,365		1,308,365
Creditors	due within	one year	476,574	23,031	499,065
			834,965	3,514,384	4,349,349

0. RECONCILIATION O CTIVITIES	F NET MOVEMENT IN FUNDS TO NE	T CASH FLOW FROM	OPERATING
		2020	2019
Net income for the year (as per Statement ofFinancial Activities)		100,895	193,282
Adjustment for:
Amoitisation ofheritage assets		69,438	69,438
Depreciation offixed assets		3,033	4,124
Fixed Asset additions		(32,169)
Designated fund expenditure			(14,000)
(Increase)/Decrease in stocks		7,007	(295)
(Increase)/Decrease in debtors		14,225	(34,405)
Increase/(decrease) in creditors		215,570	114,887
Net cash provided by operating	activities	53,141	333,032
1. ANALYSIS OF CASH AND CASH EQUIVALENTS
		2020	2019
Cash in hand and in bank		1,021,504	1,074,645
Total		1,021,504	1,074,645