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<br>and legacies|||101,937|101,937|33,390|
|Charitable<br>activities|||1,267|1,267|160,057|
|Other trading<br>activities|||150|150|1,490|
|investments|||6|6|91|
|Total lncoNe|||103,360|||
|Expenditure<br>on:||||||
|Raising funcls|||||45|
|Charitable<br>activities|||79,685|79,085|244,590|
|Total expenditure||||||
|Net incomeIIIexpenditure)||l||||
|movement<br>in funds|||24,276|24,278|(49,697)|
|Total funds brought<br>at 1"June 2020|forward||138,967|138,967|187,674|
|Total funds carried|forward|||||
|at31"lNay 2921||||'l62,342|'i38,967|





||||31|At<br>May|2621|At<br>31"May|At<br>31"May|2626|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Tangible assets|||||110,888|||124,654|
|Current assets|||||||||
|Stock<br>Cash at bank and in hand|||2,021<br>120,245|||2,050<br>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<br>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<br>hire<br>Bar 8 catering|||||I,Q54<br>213|||1,054<br>213|111,420<br>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.<br>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<br>Accountancy|support||8 independent||examination|14,2?2<br>1,800||20,211<br>1,800||
|||||||16,072||||






## 

|5.<br>Tangible fixed assets|||||
|---|---|---|---|---|
||Unrestricted|Unrestricted|Restricted||
|Theatre, equipment||Elec'tri Gal|Electrical|Total|
||8 furnishings|Equipment|Equipment||
|Cost<br>Balance at 1"June 2020|568,962|4,335|925|573,322|
|Additions<br>during ihe year|||||
|Balance at31"May 2021|568,062|4,335|925|573,322|
|Accumulated<br>depreciation<br>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.<br>Financial<br>Instruments|6.<br>Financial<br>Instruments|6.<br>Financial<br>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.<br>Unrestric|9.<br>Unrestric|ted<br>funds||||
|---|---|---|---|---|---|
|The following||funds are designated|for specific purposes<br>by the||Trustees:|
||||Resources|Surplus/|Resources|
||||at beginning|(Deficit)|at end|
||||ofYear|'for Year|ofYear|
|Operating<br>Fund<br>Capital Fund|||(46,387)<br>184,454|40,320<br>(16,045)|(6,067)<br>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<br>commitmen<br>property<br>rental were as|ts<br>under non-cancellable<br> follows:|operating<br>lease|s relating to eq|
|---|---|---|---|
|Total future minimum|lease payments:|Fixtures and<br>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|



##