GLADSTONE THEATRE TRUST ANNUAL REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED ST 31 MAY 2021 CHA ITY NO. 1016452
| Patf icla l3avidsofl | Patf icla l3avidsofl | |||||
|---|---|---|---|---|---|---|
| Valerie Houldin | ||||||
| Joan Mason | ||||||
| David Oliver | ||||||
| Craig Roxby | ||||||
| Janet Roxby | ||||||
| Carol Shickell | ||||||
| Dawn Smith | ||||||
| Keith Taylor | ||||||
| Jane l3avenport | (co-opted June 2021) | |||||
| Professional | Advisers | |||||
| Independent | Examiner | Mr6Wright c/o | LCVS, 151 l3ale Street, Liverpool, | L2 2AH | ||
| Bankers | National Westminster | Bank pic, 93Greendale | Road, Port Sunlight. |
| Total | Total | ||||
|---|---|---|---|---|---|
| 2921 | 2929 | ||||
| E | |||||
| income from: | |||||
| Donattons and legacies |
101,937 | 101,937 | 33,390 | ||
| Charitable activities |
1,267 | 1,267 | 160,057 | ||
| Other trading activities |
150 | 150 | 1,490 | ||
| investments | 6 | 6 | 91 | ||
| Total lncoNe | 103,360 | ||||
| Expenditure on: |
|||||
| Raising funcls | 45 | ||||
| Charitable activities |
79,685 | 79,085 | 244,590 | ||
| Total expenditure | |||||
| Net incomeIIIexpenditure) | l | ||||
| movement in funds |
24,276 | 24,278 | (49,697) | ||
| Total funds brought at 1"June 2020 |
forward | 138,967 | 138,967 | 187,674 | |
| Total funds carried | forward | ||||
| at31"lNay 2921 | 'l62,342 | 'i38,967 |
| 31 | At May |
2621 | At 31"May |
At 31"May |
2626 | |||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Tangible assets | 110,888 | 124,654 | ||||||
| Current assets | ||||||||
| Stock Cash at bank and in hand |
2,021 120,245 |
2,050 83,698 |
||||||
| 122,266 | 85,748 | |||||||
| Liabilities | ||||||||
| Creditors: amounts | falling due within | |||||||
| one year | (70,812) | (72,335) | ||||||
| Net current assets | 51,454 | 13,413 | ||||||
| Total net assets | ||||||||
| The funds ofthe charity: | ||||||||
| Restricted funds | ||||||||
| Unrestricted funds |
9,16 | 162,342 | 138,067 | |||||
| 138,687 |
| b) Charitable | b) Charitable | b) Charitable | activities | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| Funds | Funds | 2621 | 2626 | ||||||
| The provision ofa | community | theatre: | K | ||||||
| Theatre hire Bar 8 catering |
I,Q54 213 |
1,054 213 |
111,420 48,045 |
||||||
| Leverhulme | Drama | Festival | 592 | ||||||
| 'l,267 | Il66,657 | ||||||||
| c) Other | trading activities | ||||||||
| Unrestricted | Total | Total | |||||||
| Funds | 2621 | 2626 | |||||||
| Other fundraising | events | ||||||||
| d) investments | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| Funds | Funds | 2621 | 2626 | ||||||
| Bank interest | 891 | ||||||||
| All income received | in 2020 was unrestricted. | ||||||||
| 4. a) Expenditure |
on: Charitable | activities | |||||||
| Staff | Depr- | Other | Total | Total | |||||
| Costs | eiatio | Costs | 2621 | 2626 | |||||
| The provision | of | a community | theatre | f37,961 | RI3,786 | f27,358 | 279,685 | F244,596 | |
| 2626 | |||||||||
| Direct charitable | expenditure: | ||||||||
| The provision | of | a community | theatre | 63,013 | 222,579 | ||||
| Support 8governance: | |||||||||
| Staff costs Accountancy |
support | 8 independent | examination | 14,2?2 1,800 |
20,211 1,800 |
||||
| 16,072 |
| 5. Tangible fixed assets |
||||
|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | ||
| Theatre, equipment | Elec'tri Gal | Electrical | Total | |
| 8 furnishings | Equipment | Equipment | ||
| Cost Balance at 1"June 2020 |
568,962 | 4,335 | 925 | 573,322 |
| Additions during ihe year |
||||
| Balance at31"May 2021 | 568,062 | 4,335 | 925 | 573,322 |
| Accumulated depreciation Balance at 1'"June 2920 |
444,853 | 2,890 | 448,668 | |
| Charge for the year | 12,321 | 1,445 | 13,766 | |
| Balance at 31"May 2021 | 457,174 | 462,434 | ||
| Net book value at 31"May 2021 | 110,888 | |||
| Net book value at 31"May 2029 | 123,209 | 1,445 | 124,654 |
| 6. Financial Instruments |
6. Financial Instruments |
6. Financial Instruments |
|||
|---|---|---|---|---|---|
| 2626 | |||||
| Carrying | amount | offinancial | assets: | ||
| Debt instruments | measured | at cost | |||
| Carrying | amount | offinancial | liabilities: | ||
| Measured | at cost | ||||
| 2621 | 2626 | ||||
| F | |||||
| Trade creditors | 617 | 2,672 | |||
| Accruals | 130 | 233 | |||
| Deferred | income | 67,482 | 60,688 | ||
| VAT | 2,583 | 8,742 | |||
| 70,812 |
| 9. Unrestric |
9. Unrestric |
ted funds |
|||
|---|---|---|---|---|---|
| The following | funds are designated | for specific purposes by the |
Trustees: | ||
| Resources | Surplus/ | Resources | |||
| at beginning | (Deficit) | at end | |||
| ofYear | 'for Year | ofYear | |||
| Operating Fund Capital Fund |
(46,387) 184,454 |
40,320 (16,045) |
(6,067) 168,409 |
||
| 138,667 |
| Tangible | Other Net | |||||
|---|---|---|---|---|---|---|
| Fixed | Current | |||||
| Assets | Liabilities | Totaii | ||||
| Unrestricted | funds | |||||
| Operating | fund | 62,724 | (68,791) | (6,067) | ||
| Capital fund | 110,888 | 57,521 | 168,409 |
| The financial commitmen property rental were as |
ts under non-cancellable follows: |
operating lease |
s relating to eq |
|---|---|---|---|
| Total future minimum | lease payments: | Fixtures and fittings |
|
| K | |||
| Not later than one year | 1,560 | 1 peppercorn | |
| Later than one year and | not later than five years | 4,290 | 55,000 |
| Later than 5years | 72,000 |