2023-03-31-accounts - The Anvil Trust Limited

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						Page
Reference and Administrative		Details
Trustees' Report						2-7
Auditors' Report						8-11
Statement of Financial	Activities		(including	Income and Expenditure	Account)	12 - 15
Balance Sheet						16
Cash Flow Statement						17
Notes to the Financial	Statements					18-30

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						Year ended	31	March 2023	March 2023
								2023			2022
Income from donations				and	legacies
Grants
Arts Council	England	-	NPO funding			141,506				141,506
Arts Council	England	-	CR funding							219,600
Basingstoke	&Deans	Borough			Council	395,000				395,462
HMRC JRSfunding										143,913
									536,506			900,481
Donations
Donations						36,202				20,944
									36,202			20,944
									572,708			921,425
Of total income from fund income.		donations			and legacies received		in	the year, 263,653 (2022 - 2231,235) is				restricted
Income from	charitable			activities
Theatrical production			Income
Ticket income								4,007,254				2,104,887
Hire fees									331,408			209,318
Ancillary income									1,170,063			671,915
Other income									10,628			21,274
Project specific funding
The Linbury Trust						55,000
									55,000
								5,574,353			3,007,394

			2022
Expenditure on charitable activities
Theatrical production costs Staff costs		718,141	588,956
Fees and direct performance	costs	3,387,672	1,909,056
Education and outreach		8,523	5,535
Marketing and box office Premises costs		130,940 333,812	56,145 299,148
Depreciation costs		22,251	24,186
		4,601,339	2,883,026
Support costs - page 15 Governance costs - page 15		1,400,396 13,500	992,491 12,000
		6,015,235	3,887,517


Support and governance	costs
Support costs
General costs		734,563		414,091
Staff costs		654,366		573,177
Bank charges		11,467		5,223
			1,400,396		992,491
Governance costs
Accountancy/other		4,000		4,000
Audit		9,500		8,000
			13,500		12,000
			1,413,896		1,004,491

				2023		2022
			Notes	2
Fixed assets
Tangible assets			10		77,280		50,130
Investments			11		535,273		566,821
					612,553		616,951
Current assets
Stocks			12	27,051		24,389
Debtors			13	227,262		578,565
Investments			14	1,263,788		1,353,559
Cash at bank and	in	hand		2,233,231		2,423,953
Llablltles				3,751,332		4,380,466
Creditors: amounts		falling
due within one year			15	(1,753,923)		(2,483,542)
Net current assets					1,997,409		1,896,924
Total assets less	current
liabilities					2,609,962		2,513,875
Creditors: amounts		falling due
after more than	one year		16		(104,500)		(142,500)
Net assets					2,505,462		2,371,375
The funds ofthe	charity
Unrestricted funds			18
- General fund					866,520		843,788
- Designated funds					1,003,517		948,959
Total unrestricted	funds				1,870,037		1,792,747
Restricted funds			19		635,425		578,628
Total charity funds					2,505,462		2,371,375

						2023	2022
		Notes				2	2
Cash flows from operating	activities					(226,901)	874,938
Cash flows from Investing	activities:
Dividends, interest and rents from		investments				33,809	1,630
Purchase of property, plant	and equipment					(49,401)	(17,700)
Net cash provided by Investment		activities				(15,592)	(16,070)
Cash flows from financing	activities:
Repayments of borrowing						(38,000)	(9,500)
Net cash provided by financing		actlvltles				(38,000)	(9,500)
Change in cash and cash equivalents in the			reporting	period		280,493	849,368
Cash and cash equivalents	at the	beginning	of the reporting		period	3,777,512	2,928,144
Cash and cash equivalents	at the end of		the reporting		period	3,497,019	3,777,512
Represented by:
Cash deposits and investments						1,263,788	1,353,559
Cash at bank and in hand						2,233,231	2,423,953
						3,497,019	3,777,512

	for the year ended 31 M	for the year ended 31 M	arch 2023
4.	Income from Investments		2023	2022
	Bank interest received		33,809	1,630
5.	Net Income for the year Is		2023	2022
	stated after charging:
	Depreciation of tangible	fixed assets	22,251	24,186
	Operating lease rentals		10,104	10,104
	Auditors' remuneration:
	- external audit		9,500	8,000
	- other services		4,000	4,000

	for the year ended	31 March 2023
7.	Staff costs and numbers	2023	2022
			f
	Staff costs
	Salaries and wages	1,256,809	1,094,752
	Social security costs	85,403	76,738
	Pension costs	30,295	28,483
		1,372,507	1,199,973

up as follo	ws:
				2023	2022
				Number	Number
Management				1
Administration		and sales		22	24
Buildings,	production		and technical	43	31
Operations	and	front	of house	76	64
				142	120

			2023	2022
			Number	Number
270,000	-	279,999

Fixed assets - tangible assets	Plant/	Fixtures/	Motor	Bar/	Total
	technical	fittings/	vehicles	catering
	equipment	equipment		equipment
Cost
1 April 2022	531,065	188,011	6,667	137,545	863,288
Additions		19,523		29,878	49,401
31 March 2023	531,065	207,534	6,667	167,423	912,689
Depreciation
1 April 2022	530,126	142,575	6,666	133,791	813,158
Charge for year	938	14,562		6,751	22,251
31 March 2023	531,064	157,137	6,666	140,542	835,409
Net book values
31 March 2023		50,397		26,881	77,280
31 March 2022	939	45,436		3,754	50,130

Fixed Asset Inv	estments
			Subsidiary	Listed	Total
			Undertakings	Investments
			Shares
			2
Cost
1 April 2022				566,819	566,821
Revaluations				(31,548)	(31,548)
31 March 2023				535,271	535,273
Net book values
31 March 2023				535,271	535,273
31 March 2022				566,819	566,821
Subsidiary undertakings
Ordinary shares	in group undertaking	at cost - 22.

12.	Stocks		2023	2022
			2	2
	Finished goods and goods for resale		27,051	24,389
			27,051	24,389
13.	Debtors		2023	2022
			2	2
	Trade debtors		83,095	367,947
	Other debtors		84,959	99,712
	Prepayments	and accrued income	59,208	110,906
			227,262	578,565

			Notes to the Financial Statements
			for the year ended 31 March 2023
14.	Current asset Investments			2023	2022
	Cash - deposits and investments			1,263,788	1,353,559
15.	Creditors: amounts falling		due	2023	2022
	within one year
	Bank loan			38,000	38,000
	Trade creditors			161,206	376,747
	Amounts owed to	group undertaking		2	2
	Other taxation/social security			47,054	64,188
	Other creditors			257,417	375,714
	Accruals			98,897	111,516
	Deferred income	(note 17)		1,151,347	1,517,375
				1,753,923	2,483,542
16.	Creditors: amounts falling		due	2023	2022
	after more than	one year
	Bank loan			104,500	142,500
	The bank loan is	secured by	fixed and floating charges over the charity's	assets.
17.	Deferred Income
	Balance at 1 April	2022			1,517,375
	Amount released	to incoming	resources		(1,517,375)
	Amount deferred	in the year			1,151,347
	Balance at 31 March 2023				1,151,347

Unrestricted	funds	Brought	Incoming	Outgoing	Transfers	Carried
		forward	resources	resources		forward
		2		2		2
Generalfunds		843,788	6,085,669	(5,947,937)	(115,000)	866,520
Designated	funds:
Repairs and	maintenance	343,195				343,195
Box office		104,104				104,104
Baslngstoke	partnerships	49,799				49,799
Development	fund	12,565			5,000	17,565
Steinway Piano fund		70,000			60,000	130,000
Programme		120,000				120,000
Sustainable	environment	86,624				86,624
Business development		5,000			2,875	7,875
Strategic review		2,875			(2,875)
Customer experience		33,000				33,000
Closure impact		76,797		(60,442)		16,355
Exceptional	Utilities	45,000			30,000	75,000
Cost fund
Inclusion &	Diversity				20,000	20,000
		948,959		(60,442)	115,000	1,003,517
		1,792,747	6,085,669	(6,008,379)		1,870,037

f	or the year ended	31 March 202	3
Restricted funds	Brought	Incoming	Outgoing	Carried
	forward	resources	resources	forward
	6		6	2
Great Music of the World	262,340	5,038		267,378
Linbury Trust Fund		55,000		55,000
New Dimensions	611			611
Musication	9,021	3,615		12,636
Emergency and Reopening	306,656		(6,856)	299,800
	578,628	63,653	(6,856)	635,425

Analysis of ne	t assets between funds
		General	Designated	Restricted	Total
		funds	funds	funds
Fund balances	at 31 March 2023	2	2	2	2
are represented	by:
Tangible fixed	assets	77,280			77,280
Investments		535,273			535,273
Net current assets		358,467	1,003,517	635,425	1,997,409
Long term (liabilities)		(104,500)			(104,500)
		866,520	1,003,517	635,425	2,505,462

21.	Analysis of changes	in n	et fun	ds
					Opening		Cash	Other	Closing
					balance		flows	changes	balance
					2		2	2	8
	Cash at bank and in	hand			2,423,953		(190,722)		2,233,231
	Liquid resources				1,353,559		(89,771)		1,263,788
	Debt due within one	year			(38,000)				(38,000)
	Debt due after one year				(142,500)			38,000	(104,500)
					(180,500)			38,000	(142,500)
	Net funds				3,597,012		(280,493)	38,000	3,354,519
22.	Reconciliation of net Income/(expenditure)					to net cashf low from		operating activities
								2023	2022
								2	2
	Net Income/(expenditure)		for	the				134,087	52,930
	reporting period	(as	per	the
	statement of financial	activities)
	Depreciation							22,251	24,186
	(Gains)/losses on investments							31,548	(9,998)
	Dividends, interest and rents from				investments			(33,809)	(1,630)
	(Increase) in stocks							(2,662)	(11,977)
	Decrease/(increase)	in debtors						351,303	(435,793)
	(Decrease)/increase	in creditors						(729,619)	1,257,220
	Net cash oufflow from operating				activities			(226,901)	874,938