| Page | ||||
|---|---|---|---|---|
| Reference and adminlstradve | details ofthe Company, | Trustees and advisem | 1-2 | |
| Trustees' report | 3-14 | |||
| Independent | audltom' report |
on the financial statements | 15-17 | |
| Consolidated | statement offinancial activities | 18 | ||
| Consolidated | balance sheet | 19 | ||
| Company balance sheet |
20 | |||
| Consolidated | statement ofcash flows | |||
| Notes to the | financial statements | 22-46 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | fvnds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 6 | 6 | ||||
| Income from: | |||||
| Donations and legacies | 4 | 4,538,932 | 2W2,836 | 6,94'I,768 | 7,513,959 |
| Charitable activities |
5 | 32,119 | 2,849,727 | 2,081,846 | 2,080,473 |
| Other trading activities | 6 | 282,348 | 262,340 | 421,831 | |
| Investments | 7 | 16,013 | 72,684 | 88,697 | 75,540 |
| Other income | 8 | 974,148 | 074,148 | 453,219 | |
| Total income | 4,587,064 | 6,561,743 | 11,148,807 | 10,546,122 | |
| Expenditure on: |
|||||
| Raising funds | 5,806 | 718,225 | 724,111 | 705,515 | |
| Charitable activities |
1,2'78,500 | 4,695,421 | 5,073,$21 | 5,850,218 | |
| Total expenditure | 1&204,386 | 5,413,646 | 6,690,032 | 5,566,734 | |
| Net income before net (losses)/gains | |||||
| on investments | 3,302,678 | 1,148,007 | 4,450,775 | 3,979,388 | |
| Net gosses)/gains on investments |
(50,860) | (282,671) | (342,540) | 319,506 | |
| Net movement in funds |
3,242,809 | 865,426 | 4,108,235 | 4,298,894 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 4,878,810 | 6,168,571 | 11,047,390 | 5,748,496 | |
| Net movement in funds |
3,242,000 | 865,426 | 4,108,235 | 4,298,894 | |
| Total funds carried forward | 8,121,628 | 7,033,097 | 15,155,625 | 11,047,390 |
| COMPANY | COMPANY | BALANCE SHEET | |||
|---|---|---|---|---|---|
| ASAT31 | OCTOBER 2022 | ||||
| Note | 2022 K |
2021f | |||
| Fixed assets | |||||
| Tangible assets | 16 | 8,545,704 | 4,113,200 | ||
| Investments | 17 | 2,715,066 | 2,997.,205 | ||
| 11,260,770 | |||||
| Current assets | |||||
| Debtors | 19 | 2~5,588 | 1,510,231 | ||
| Cash at bank and in hand | 2,'728,207 | 3,680,087 | |||
| 5,173,7$5 | 5,190,318 | ||||
| Creditors: amounts falling due within one |
year | 20 | (1,261,122) | (1,209,959) | |
| Net current assets | S,9'l2,673 | 3,990,349 | |||
| Total assets less current liabilities | 15,173~ | 11,090,754 | |||
| Total net assets | 15,173r443 | 11,090,754 | |||
| Charity funds | |||||
| Restricted funds | 21 | 8,121,628 | 4,878,819 | ||
| Unrestricted funds |
21 | 7,051,815 | 6,211,935 | ||
| Total funds | 15,173,443 | 11,090,754 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 5 | ||||||
| Cash flows from operating | activities | ||||||
| Net cash | used in operating activities |
23 | 3,934,171 | 3,529,059 | |||
| Cash flows from investing | activities | ||||||
| Proceeds | from the sale oftangible fixed assels | 300 | |||||
| Purchase | oftangible fixed assets | (4,842,510) | (2,108,611) | ||||
| Proceeds | from sale ofinvestments | 5,179 | |||||
| Purchase | ofinvestments | (66,288) | (888,325) | ||||
| Net cash used in Investing | activities | (4,908,498) | (2,789,757) | ||||
| Change | in cash and cash | equivalents | in the year | (974,327) | 739,302 | ||
| Cash and | cash equivalents at |
the beginning | ofthe year | 3,780,285 | 3,040,983 | ||
| Cash and cash equivalents | atthe end | ofthe year | 24 | 2,805,958 | 3,760,285 | ||
| The notes | on pages 22to46 form part ofthese finandal | statements |
| l value, over their expec |
ted useful | lives on th |
|---|---|---|
| Wormsley Assets induding | Garden- | 10-15Years |
| &Walled Garden Bam | ||
| Production buildings |
15-50Years | |
| Marquee | 10Years | |
| Opera Equipment | 10Years | |
| Assets under construction | NIL | |
| Office Equipment | 5Years | |
| Auditorium | 10-15Years | |
| Fixtures 8 fittings | 10Years |
| Restricted | Unrestricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2022 f |
2022 f |
2022f | 2021 | ||||||
| Donations | |||||||||
| General Donations | induding | Coronavirus | Support | 886,053 | 886,053 | 1,555,324 | |||
| Friends Donations | 1,012,954 | 1,012,854 | 953,985 | ||||||
| Arts Hub Donations | 3,403,762 | 3,403,762 | 2,716,993 | ||||||
| Subtotal | 3,403,762 | 1,899,007 | 5,302,769 | 5,235,302 | |||||
| Trusts and Foundations | Donations | 456,856 | 456,856 | 855,154 | |||||
| Productions | Syndicate | 523,496 | 523/96 | 885,444 | |||||
| Tax Rsccwary | 154,818 | 503,829 | 658,647 | 537,059 | |||||
| Subtotal | 1,135,170 | 503,829 | 1,638,988 | 2,277,857 | |||||
| Total2022 | 4,538,932 | 2,402,836 | 6,941,768 | 7,513,959 | |||||
| Total 2021 | 4,457,591 | 3,055,368 | 7,513,959 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022f | 2022f | 2021 | ||
| Ticket income | 31,110 | 2,281,719 | 2,312,829 | 1,777,823 | |
| Programme | & libretti sales | 1,009 | 70,794 | 71,803 | 53,818 |
| Concessions | 215,789 | 215,789 | 189,946 | ||
| Sundry sales | 277,956 | 277,956 | 58,169 | ||
| Tour group sponsorship | 3,489 | 3,469 | 917 | ||
| Total 2022 | 32,1'19 | 2,849,727 | 2,881,846 | 2,080,473 | |
| Total 2021 | 2,080,473 | 2,080,473 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| 6 | 6 | |||
| income from subsidiary | 89,611 | 89&611 | 92,841 | |
| Sponsorship | 147,100 | 147&100 | 155,700 | |
| Advertising | tt other income | 22,637 | 22&637 | 17,290 |
| Rental ofopera rights and equipment | 3,000 | 3,000 | 156,000 | |
| Total 2022 | 262,348 | 262,348 | 42f,831 | |
| Total 2021 | 421,831 | 421,831 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| E | 2 | 8 | ||
| Dividend income |
15,983 | 61,735 | 77,718 | 76,276 |
| Bank interest | 30 | 10,949 | 10,878 | 364 |
| Total2022 | 16,013 | 72,684 | 88,697 | 76,640 |
| Total 2021 | 14,007 | 62,633 | 76,540 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | lbnds | |
| 2022 8 |
2022f | 2021 | |
| Theatre tax relief claim | 974,148 | 974,148 | 453,219 |
| Total 2022 | 974,148 | 874,148 | 453,219 |
| Total 2021 | 453,219 | 453,219 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 8 |
2022 | 2022 8 |
2021f | ||
| Fundraising | &press officer | 17,054 | 17,054 | 11,194 | |
| Rent, rates | and utiliTies | 7,730 | 7,730 | 8,687 | |
| General administration | 20,319 | 20,319 | 16,525 | ||
| Computer supplies |
26,336 | 26,336 | 29,996 | ||
| Bank charges | 1,102 | 1,102 | 13,928 | ||
| Investment | costs | 5,886 | 5,888 | 5,179 | |
| Stalf costs | 244,560 | 244,580 | 246,155 | ||
| National insurance costs |
23,661 | 23,661 | 25,674 | ||
| Pension costs | 3,728 | 3,728 | 2,417 | ||
| Depreciation | 1,616 | 1,616 | 836 | ||
| Total 2022 | 5,886 | 346,106 | 351,992 | 360,571 | |
| Total 2021 | 5,179 | 355,392 | 360,571 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| 8 | 8 | 8 | |||
| Expenditure | from subsidiary | 88,600 | 88,600 | 102,817 | |
| Fundraising | &press oflicer | 116,910 | 116,910 | 47,837 | |
| Rent, rates | and utilities | 7,729 | 7,728 | 8,688 | |
| General edministra6on | 18,007 | 18,007 | 29,441 | ||
| Hire ofauditorium/Wallace | Hill Farmhouse | 1,389 | 1,389 | 781 | |
| Wages and | salaries | 121,044 | 121,044 | 138,216 | |
| National insurance costs |
14,936 | 14,836 | 14,564 | ||
| Pension costs | 1,889 | 1,889 | 2,785 | ||
| Depreciation | 1,615 | 1,615 | 836 | ||
| Total2022 | 372,119 | 372,119 | 345,945 | ||
| Total 2021 | 345,945 | 345,945 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2022 8 |
2022 8 |
2022f | 2021 | |
| Opera | 4,814,000 | 573,806 | 5,387,806 | 5,505,469 |
| Learning 6 Par6d pelion | 485,979 | 100,136 | 586,115 | 354,749 |
| Total2022 | 5,299,979 | 673,942 | 5,873,921 | 5,880,218 |
| Total2021 | 5,193,469 | 656,749 | 5,860,218 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Opera | Education | funds | funds | ||||
| 2022f | 2022f | 2022 6 |
2021 6 |
||||
| Depredation | 404,321 | 404,321 | 404,717 | ||||
| Opera performance | fees | 826,853 | 44,629 | 871~2 | 979,559 | ||
| Production teams | 340,660 | 41,418 | 382,078 | 329,786 | |||
| Orchestra fees | 464,780 | 39,065 | 503,845 | 544,802 | |||
| Costumes, sets, props | 525,482 | 32,433 | 557,915 | 578,631 | |||
| Stage 8 technical staff | 708,766 | 38,178 | 746,944 | 570,181 | |||
| Seasonalfees | 113,121 | 1,195 | 114,316 | 86,418 | |||
| Production administration |
58,070 | 1,539 | 59,609 | 86,185 | |||
| Music hire 5 royalties | 21,451 | 3,354 | 24,805 | 16,509 | |||
| Other production costs | 155,282 | 9,159 | 184W1 | 191,945 | |||
| Site costs | 197,434 | 197~ | 226,905 | ||||
| Performance refreshments |
10,410 | 10,410 | 2,440 | ||||
| irrecoverable VAT |
319,497 | 319,4$7 | 331,419 | ||||
| Transport | 106,070 | 4,358 | 110,428 | 85,435 | |||
| Photography | 3,965 | 3,965 | 7,915 | ||||
| Seasonal punting - | programme | 33,431 | 33,431 | 30,044 | |||
| Seasonal costs | 33,037 | 33,037 | 20,738 | ||||
| Facility rent | 316,797 | 316,7$7 | 254,445 | ||||
| Administration expenses |
3,656 | 3,656 | 1,921 | ||||
| Scenery barn rental | 39,148 | 39,148 | 46,940 | ||||
| Health &safety - opera 8 | site | 26,296 | 323 | 26,81$ | 24,366 | ||
| Other costs | 16,886 | 1,800 | 18,686 | 23,120 | |||
| Understudy performance |
costs | 1,584 | 1,584 | ||||
| Recording costs | S5,914 | 6,613 | $2,527 | 50,891 | |||
| Schools, education | and community | projects | 1,089 | 261,915 | 263,004 | 198,157 | |
| Total 2022 | 4,814,000 | 485,979 | 5,2$9,$79 | 5,193,469 | |||
| Total 2021 | 4,955,964 | 237,505 | 5,193,469 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Opera | Education | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 6 | 6 | 6 | |||
| Staffcosts | 354,316 | 91,374 | 445,690 | 431,268 | |
| Depreciafion | 1,346 | 269 | 1,615 | 836 | |
| Fundraising &press officer |
36,571 | 36,571 | 25,191 | ||
| Rent, rates &utilities | 6,440 | 1,288 | 7,728 | 8,668 | |
| Boxoffice system and computer | supplies | 25,660 | 673 | 26,333 | 29,998 |
| Bank charges | 24,826 | 5,055 | 29,881 | 28,414 | |
| insurance | 15,812 | 1,216 | 17,028 | 16,179 | |
| Printing, postage 8 stationery | 1,475 | 295 | 1,770 | 1,368 | |
| Telephone & fax |
1,954 | 391 | 2,345 | 2,590 | |
| General administration | 20,018 | 4,909 | 24,$27 | 16,209 | |
| Bookkeeping &accountancy |
1,008 | 202 | 1,210 | 990 | |
| Exchange rate variance | (22,143) | (5,536) | (27,679) | 1,441 | |
| Provision for doubtful debts | 6,720 | 61720 | 9,552 | ||
| Governance costs (note 11) |
99,803 | 99,803 | 95,945 | ||
| Total 2022 | 573,806 | 100,136 | 673,$42 | 866,749 | |
| Total2021 | 549,505 | 117,244 | 686,749 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 8 | |||||||||
| Auditors' remuneration |
15,885 | 14,750 | |||||||
| Other costs | 10,592 | 10,125 | |||||||
| Legal tt professional | fees | 8,588 | 6,070 | ||||||
| Accountancy | fees | 403 | 330 | ||||||
| Wages 8salaries | 63,797 | 82,391 | |||||||
| Depreciation | 538 | 270 | |||||||
| 99,803 | 95,945 | ||||||||
| 12. | Net inceme | ||||||||
| Net income for the year | includes: | ||||||||
| 2022 | 2021 | ||||||||
| 8 | 5 | ||||||||
| Operating lease rentals |
252,418 | 252,416 | |||||||
| Depreciation | oftangible | fixed assets | 409,269 | 407.506 | |||||
| Fees paid to | auditors | for: | |||||||
| -audit | 12,980 | 12,060 | |||||||
| -other services | 2,905 | 2,690 | |||||||
| 677,572 | 574,674 | ||||||||
| 13. | Auditors' remuneration |
||||||||
| 2022 | 2021 | ||||||||
| 8 | 5 | ||||||||
| Fees payable | to the Company's | auditor | for the audit ofthe Group's annual | ||||||
| accounts | 12,980 | 12,060 | |||||||
| Fees payable | to the Company's | auditor | in respect of: | ||||||
| All non-audit | services | not included | above | 2,905 | 2,590 |
| 8 I- |
Csl | CII O CD CO IO |
CS IO OI CO |
OI N Ol |
CO CO 00 N IO |
N CO 'I~ IO Ia |
OI IO Ol OI |
Ol CS |
I OI 00 OI |
CI CO N Of |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CV | OI | |||||||||||||||||||
| CO | OI | ~I Cl |
CO | CO | s | N | ||||||||||||||
| kg $ IL IL |
OO | 00 | CS N |
CO IO |
CO ~0 |
|||||||||||||||
| SI 0 |
O' C0 p.E |
Cal | 0 OI CO |
CS IO |
ss N |
Cs IO IO |
N cc CO IO |
g I |
OI Oc |
ss IO ~0 |
Ip Csl CO Cf |
|||||||||
| CF | ||||||||||||||||||||
| IU | ||||||||||||||||||||
| a | W | IO | OI | sh | ||||||||||||||||
| O CL 0 |
CI f 4, 0' |
~ CO Cs N |
CS Ia |
ID CO CI OIN |
IO h IO |
s | CI OI CO~I N |
SO N |
||||||||||||
| Ul | ||||||||||||||||||||
| 0 t IU |
DD 0 a |
CO Ol ~ Ol Z CII IU IC R IU Ul IU ~~o |
~ CW a00 0 C0 |
IO Ol OI CO CO OI |
CO N N N Ol 00 |
CI W CD |
||||||||||||||
| 0 | COo0 | Ssg | W | CI N |
s | CON | IO IO |
CS CI |
s | I | ||||||||||
| o 0 Q I- Z C C O |
g E '= C 0 E 0 0 CC |
5 CO Vo Z Ul Z go IU IR'. Zg 00 |
CI CO CO CI |
CO IO OI |
~ | ~I CO IO CO IO ID N |
OI IO ~0 IO IO N N~ |
s | IO CO ~II N |
|||||||||||
| Z IL | C 0 0 |
SCat PI C lc |
CO IO OC |
I | I | CO ID N |
~ CO N |
SO I CO IO |
~ | CO | ||||||||||
| CO | CD | |||||||||||||||||||
| Clc | I IL |
IU | ||||||||||||||||||
| CL | ||||||||||||||||||||
| E00 l0C IO |
EW 0 CO |
N Ol IO CON IO |
NN IO N IO |
D SO ~0 Of ~0 |
Ia IO OI I N ~0 |
s | CV | N N IO |
||||||||||||
| CL C0 |
Ol | CO | ||||||||||||||||||
| 8 | ||||||||||||||||||||
| 0 | ||||||||||||||||||||
| IO0 'p0X IC SI CO CS C I- |
0 000 0 I0v sc00 |
N N CI E Z |
C 0 |
0 sa04 C0 |
Cs N 0 0 I OC |
0 4 0 |
N E Z ac |
0 IS P cs 0 |
00. 0 |
N I CI ta0 ac |
00 JC Z |
NN CO N CsJI 0 |
N I CI 0 |
| Lbrted | |||
|---|---|---|---|
| investments | |||
| Group | 6 | ||
| Coat orvaluation | |||
| At 1 November | 2021 | 2,982,186 | |
| Additions | 66,288 | ||
| Revaluations | (348/27) | ||
| At 31October | 2022 | 2,700,046 | |
| Valuation | |||
| The listed investments | have been revalued to reflect their market value at the year end. |
| Investments | ||||||||
|---|---|---|---|---|---|---|---|---|
| In | ||||||||
| subsidiary | Listed | |||||||
| Company | companies f. |
investments f. |
Totalf | |||||
| Cost orvaluation | ||||||||
| At 1 November | 2021 | 15,020 | 2,$82,185 | 2,$$7,205 | ||||
| Additions | 66,288 | 66,288 | ||||||
| Revaluations | (348,427) | (348,427) | ||||||
| At 31 October | 2022 | 15,020 | 2,700,046 | 2,715,066 | ||||
| Principal subsidiaries | ||||||||
| The following | were subsidiary | undertakings | ofthe Company: | |||||
| Names | Company | Holding | ||||||
| number | ||||||||
| Garsington | Opera Enterprises | Ltd | 05511222 | 100'/o | ||||
| Garsington | Opera Productions | Ltd | 09341523 | 100% | ||||
| The financial | results ofthe subsidiadies | for | the year were: | |||||
| Income f |
Expenditure f |
Profitl (Loss) for |
Net Assetsl (Liabilities) |
|||||
| the yearf | ||||||||
| Garsington Garsington |
Opera Enterprises Opera Productions |
Ltd Ltd |
124,347 2,502,$13 |
($6/21) (3/7$W1) |
27,$26 (2,380) |
317 (3,115) |
| Group | Group |
|---|---|
| 2022f | 2021f |
| 22,639 | 16,600 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2022 6 |
2021f | 2022f | 2021 | ||
| Due within one year | |||||
| Trade debtors | 232,671 | 87,503 | 232,671 | 87,503 | |
| Amounts owed by group undertakings |
1,201,228 | 605,694 | |||
| Other debtors | 1,266,320 | 833,899 | 292,104 | 180,130 | |
| Prepayments | and accrued income | 719,585 | 636,904 | 718,585 | 636,904 |
| 2,218,576 | 1,358,108 | 2rl45,588 | 1,610,231 |
| Group | Gmup | Company | Company | |||
|---|---|---|---|---|---|---|
| 2022 8 |
2021 5 |
2022f | 2021 5 |
|||
| Trade creditors | aao,aa3 | 551,825 | 572,282 | 551,825 | ||
| Amounts | owed to group undertakings | 13a,fao | 15,010 | |||
| Other taxation and social security | 25,644 | 22,528 | 25,644 | 22,528 | ||
| Other creditors | 213,028 | 127,526 | 213,028 | 127,528 | ||
| Accruals | and deferred income |
317,533 | 501,105 | $10,888 | 493,078 | |
| 1,137,188 | 1,202,986 | 1,261,122 | 1,209,969 | |||
| Group | Gmup | Company | Company | |||
| 2022 | 2021 | 2022 | 2021 | |||
| 8 | 8 | |||||
| Deferred | income at 1 November | 2021 | 256,334 | 1,153,853 | 256,$$4 | 1,153,853 |
| Resources deferred during the year | 105,778 | 255,334 | 105,778 | 256,334 | ||
| Amounts | released from previous | periods | (258,334) | (1,153,853) | (256,334) | (1,153,853) |
| 105,778 | 256,334 | 105,778 | 256,334 |
| Balance at 1 | Balance at | ||||||
|---|---|---|---|---|---|---|---|
| November | Gainsl | 31October | |||||
| 2021 | Income | Expenditure | (Losses) | 2022 | |||
| 8 | |||||||
| Unrestricted funds |
|||||||
| Designated funds |
|||||||
| Auditorium and infrastructure |
2r400,000 | 2,400,000 | |||||
| Creative and Strategic Development |
1,606,750 | 1,606,750 | |||||
| 4,006,750 | 4,006,750 | ||||||
| General funds | |||||||
| General Funds - all | funds | 2,161,821 | 6,561,743 | (5,413,$46) | (282,871) | 3,027,247 | |
| Total Unmstricted | funds | 6,168,571 | 6,5$1,743 | (5~13,646) | (282,671) | 7,033,997 | |
| Restricted funds | |||||||
| Auditorium Appeal fund |
$02,350 | (258,029) | 644,321 | ||||
| Learning and Participation |
fund | 488,975 | (488&975) | ||||
| Opera Production | 523~6 | (523896) | |||||
| Leonard lngrams fund |
676,478 | 16,013 | (13,886) | (es,ses) | 617,73$ | ||
| Arts Hub appeal fund | 3,300,991 | 3,558,580 | 6,859,571 | ||||
| 4,878,819 | 4,587,084 | (1,284,388) | (5$,869) | 8,121,628 | |||
| Total offunds | 11,047,3$0 | 11,148,807 | (e,ese,032) | (342,640) | 16,165,625 |
| Balance at | Balance at | |||||||
|---|---|---|---|---|---|---|---|---|
| 1November | Gaina' | 31October | ||||||
| 2020 | Income | Expenditure | (Losses) | 2021 | ||||
| Designatedfunds | ||||||||
| Auditorium and Infrastructure |
2,400,000 | 2,400,000 | ||||||
| Creative snd Strategic | ||||||||
| Development | 1,606,750 | 1,606,750 | ||||||
| 4,006,750 | 4,006,750 | |||||||
| General funds | ||||||||
| General funds | 997,366 | 6,074,524 | (5,173,052) | 262,983 | 2,161,821 | |||
| Total Unrestricted | funds | 5,004,116 | 6,074,524 | (5,173,052) | 262,983 | 6,168,571 | ||
| Restricted funds | ||||||||
| Auditorium Appeal |
fund | 1,160,380 | (258,030) | 902,350 | ||||
| Learning and Participation |
fund | 237,030 | (237,030) | |||||
| Opera Production | 885,443 | (885,443) | ||||||
| Leonard Ingrams |
fund | 632,134 | (13,179) | 56,523 | 675,478 | |||
| Arts Hub appeal fund | 584,000 | 2,716,991 | 3,300,991 | |||||
| 1,744,380 | 4,471,598 | (1,393,682) | 56,523 | 4,878,819 | ||||
| Total offunds | 6,748,49S | 10,546,122 | (6,566,734) | 319,506 | 11,047,390 |
| Analysis ofnet a | ssets betwee | n | funds - prior year | ||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | |||||
| funds | funds | funds | |||||
| 2021 f |
2021 | 2021 | |||||
| Tangible fixed assets | 2,890,576 | 1,222,624 | 4,113,200 | ||||
| Fixed asset investments | 644,475 | 2,337,710 | 2,982,185 | ||||
| Current assets | 1,344,968 | 3,810,023 | 5,154,991 | ||||
| Creditors due within | one year | (1,200) | (1,201,786) | (1,202,986) | |||
| Total | 4,878,819 | 6,168,571 | 11,047,390 | ||||
| 23. | Reconclgatlon ofnet movement |
in funds to net cash flow | frem operating | activities | |||
| Group | Group | ||||||
| 2022f | 2021 | ||||||
| Net income for the year (as per Statement of Financial Activities) | 4,108,235 | 4,298,894 | |||||
| Adjusbnents for: |
|||||||
| Depreciation charges |
408,269 | 407,506 | |||||
| Gains/(losses) on investments |
348,427 | (319,506) | |||||
| Loss on the sale offixed assets | 437 | ||||||
| Decrease/(increase) | in stocks | (5,838) | 16,870 | ||||
| Decrease/(increase) | in debtors | (860,438) | 100,431 | ||||
| Decrease in creditors |
(65,820) | (975,136) | |||||
| Net cash provided | by operating | activities | 3,934,171 | 3,529,059 | |||
| 24. | Analysis ofcash | and cash equivalents | |||||
| Group | Group | ||||||
| 2022 | 2021 | ||||||
| 8 | |||||||
| Cash in hand | 2,805,958 | 3,780,285 | |||||
| Total cash and cash equivalents | 2,805,858 | 3,780,285 |