2021-03-31-accounts

Reference and Administrative	Details
Trustees' Report				2-7
Auditors' Report				8-10
Statement of Financial Activities (including		Income and Expenditure	Account)	11 - 14
Balance Sheet				15
Cash Flow Statement				16
Notes to the Financial Statements				17-29

L BBell
A H Bowden
S M Catley
D Chatten-Smith
AJ Finney	resigned	12July 2021
8 Hayward
G Hurry	appointed	12July 2021
J Izett	appointed	12July 2021
C Kinnear	resigned	7 May 2021
C Smith (Chair)	appointed	12July 2021
D W C Whelton
J Whiffield	appointed	12July 2021
Secretary
M Cleaver
Chief executtvelday today management
M Cleaver

		2021
		2
Expenditure on charitable activities
Theatrical production costs
Staff costs		419,218	582,104
Fees and direct performance	costs	5,944	2,557,974
Education and outreach		1,255	54,724
Marketing and box office		48,962	168,293
Premises costs		244,132	348,159
Depreciation costs		25,960	33,221
		745,471	3,744,475
Support costs - page 14		883,663	1,358,464
Governance costs - page 14		12,000	22,025
		1,641,134	5,124,964

Fbtsd assets
Tangible assets			11		56,616		53,401
Investments			12		556,823		494,866
					613,439		548,267
Cermet assets
Stocks			18	12,412		21,933
Debtors			'f4	142,772		128,554
Investments			1$	526,454		1,081,523
Cash at bank and	in	hand		2,401,690		1,643,673
Llabllties				3,083,328		2,875,683
Creditors: amounts		falling
due within one year			16	(1,188,322)		(1,464,443)
)tet curtest assets					1,895,006		1,411,240
Total assets less	curmnt
liabilities					2,508,445		1,959,507
Credltom: amounts		falling due
alter more than	one year				(190,000)
					2,318,445		1,959,507
The funds ofthe	charity
Unrestricted funds
- General fund					848,703		786,429
- Designated funds					935,367		933,727
Total unrestricted	funds				1,784,070		1,720,156
Restricted funds			20		534,375		239,351
Total chattty funds					2,318,445		1,959,507

							2021	2020
						Notes	2	2
Cash flows fiom opendlng		acthrltles				22	228,610	(107,616)
Cash Rows fmm Investing		actlvttles:
Dividends,	interest and rents from investments						3,513	16,761
Purchase	oftangible fixed assets						(29,175)	(10,624)
Net cash	provided by Invesbnent		ackvktes				(25,662)	6,137
Change in	cash and cash equivalents		in the	reporting	pediod		202,948	(101,479)
Cash and	cash equivalents	at the beginning		ofthe reporting		period	2,725,196	2,826,675
Cash and	cash equivalents	atthe	end of	the tnpotttng		period	2,928,144	2,725,196
Represented by:
Cash - deposits and investments							526,454	1,081,523
Cash at bank and in hand							2,401,690	1,643,673
							2,928,144	2,725,196

	forth	forth	e year ended 31March	2021
4.	Income from invesbnents			2021	2020
				2
	Fixed asset Invesbnents
	Gains/(losses) on listed	investments	(note 12)	61,957	(8,434)
	Other Investment Income
	Bank interest received			3,513	16,761
0.	Net income forthe year Is			2021	2020
	stated alter charging:			5	2
	Depreciation oftangible	fixed assets		25,960	33,221
	Operating lease rentals			10,104	10,104
	Auditors' remuneration:
	-external audit			8,000	8,000
	-other services			4,000	14,025

	Notes tothe Finan forthe year ended	cial Statements 21 March 2021
7.	Staffcosts and numbers	2021	2020
		2	E
	Stalf cmobs
	Salaries and wages	999,821	1,356,389
	Social security costs	68,113	89,937
	Pension costs	24,039	43,323
		1,091,973	1,489,649

				2021
				2
Total	remuneration	and	benefits	70,568	193,496

up as follo	ws:
				2021	2020
				Number	Number
Management				1	2
Administration		and sales		26	31
Buildings,	production		and technical	26	28
Operations	and	front	of house	63	61
				116	122

			2021	2020
			Number	Number
F60,000	-	F69,999
670,000	-	679,999
F80,000	-	689,000

13.	Stocks	2021	2020
		8	8
	Finished goods and goods for resale	12,412	21,933
		12,412	21,933
			2020
	Trade debtors	27,101	52,290
	Other debtors	38,272	27,336
	Prepayments	77,399	48,928
		142,772	128,554

16.	Current asset Inveatmentn	Current asset Inveatmentn	Current asset Inveatmentn
	Cash - deposits and		investments		526,454	1,081,523
16.	Credltom: amounts		falling	due	2021
	within one year				2
	Trade creditors				51,902	106,907
	Amounts owed to	group undertaking			2	2
	Other taxation/social		security		18,013	58,026
	Other creditors				75,948	302,884
	Accruals				122,323	134,761
	Deferred income	(note 18)			920,134	861,863
					1,188,322	1,464,443
17.	Credltotu: amourda		falling	due	2021
	aller mom than	one year
	Other creditors				190,000
16.	Del'erred Income					2020
						R
	Balance brought forward				861,863	745,136
	Amount released	to	incoming	resources		(745,136)
	Amount deferred	in	the year		58,271	861,863
	Balance carried forward				920,134	861,863

19.	Unmstrlcted	fUnds	Brought	Incoming	Outgoing	Transfers	Canted
			forward	resources	resources		forward
			B	B	S	E	2
	General funds		786,429	1,163,666	(1,099,752)	(1,640)	848,703
	Designated	funds:
	Repairs and	maintenance	343,195				343,195
	Boxoffice		104,104				104,104
	Basingstoke	partnerships	48,799			1,000	49,799
	Development	fund	12,565				12,565
	Steinway Piano fund		70,000				70,000
	Programme		120,000				120,000
	Sustainable	environment	80,262			6,362	86,624
	Business development		5,000				5,000
	Strategic review		41,700			37,200	4,500
	Customer experience		33,000				33,000
	Closure impact		75,102			31,478	106,580
			933,727			1,640	935,367
			1,720,156	1,163,666	(1,099,752)		1,784,070

	f	orthe year ended	31Mamh 2021
20.	Restricted funds	Brought	Incoming	Outgoing	Carried
		forward	lssollrces	Issolllcea	forward
		S	K	S	S
	HMRC JRSfunding		541,189	(541,189)
	Great Music ofthe World	230,796	25,551		256,347
	New Dimensions	713		(73)	640
	Musication	7,842	93	(120)	7,815
	Emergency and Reopening		269,573		269,573
		239,351	836,406	(541,382)	534,375

Analysis ofne	t assets between funds
		Gene mt	Designated	Restdcted	Total
		funds	funds	funds
Fund balances	at 31 March 2021	E	2	2	2
are represented	by:
Tangible fixed	assets	56,616			56,616
Investments		556,823			556,823
Net current assets		425,264	935,367	534,375	1,895,006
Long term (liabilities)		(190,000)			(190,000)
		848,703	935,367	534,375	2,318,445

Reconciliation ofnet Income	to ne	t cashllow from op	erating a	ctivities:
				2021	2020
					2
Net income for the reporting	period	per the Statement	of	358,938	189,165
Financial Activities (page 12)
At((ustmenls for:
Depreciation and amortisation				25,960	33.221
(Gains)/losses on investments				(61,957)	8,434
Dividends, interest and rents from investments				(3,513)	(16,761)
Movement in worldng capltah
Decrease in stock				9,521	6,568
Increase/(decrease) in debtors				(14,218)	133,367
(Decrease) in creditors				(86,121)	(461,610)
Net cashllow from operating	activities			228,610	(107,616)

At 31 March 2021 the charitable company had operating leases falling due as follows:	total future commitments under non	-cancellable
	2021	2020
	2	2
Due:
Within one year	8,640	9,190
Between one and five years	5,652	13,877
	14,292	23,067