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|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|
##
||||2023|||2022||
|---|---|---|---|---|---|---|---|
|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|
##
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##
|||||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|
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||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|
##
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##
||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|||
##
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##
|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|
##
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##
||||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|
##
##
|18.|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|
##
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|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|
##
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|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|
##
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##
|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|
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