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