2020-12-31-accounts

				Page
Reference and Administrative Details
Report ofthe	Trustees			2 to 11
Report ofthe	Independent Auditors			12to 14
Consolidated	Statement of Financial	Activities		15
Consolidated	and Charitable Company		Balance Sheet	16
Consolidated	Cash Flow Statement			17
Notes to the	Financial Statements			18to 28

REFERENCE AND	REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	ADMINISTRATIVE	ADMINISTRATIVE	DETAILS	DETAILS
Registered		Company			number			2994954 (England				and Wales)
Registered		Charity		number				1042870
Registered		office						77-85 Newington			Causeway
								London
								SE16BD
Trustees								S Hickson
								R N Pearson
								G Semper
								K Serkis
								G Wellman
								H Whitehouse
								TWood
Patrons								Simon Hughes		MP
								Sir Michael Caine
								Andy Serkis
Company		Secretary						C Smyrnios
Key Management:
Chief Executive Officer/Artistic						Director		C Smyrnios
General	Manager							C Beaver —until		June 2021
Youth 8	Community			Director				D Workman
Communications			Manager					S Safavi
Theatre Manager								J Deighan
Technical		&Production			Manager			C Randall —until		December 2019
								C Compson	—from			January 2020
Auditors								Azets Audit Services
								2"' Floor, Regis		House
								45 King William		Street
								London
								EC4R 9AN
Bankers								HSBC
								28 Borough	High Street
								London
								SE1 1YB

						2020	2019
			Notes	Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
INCOME
Donations, grants and		legacies		590,922	1,170,429	1,761,351	648,622
Charitable activities				160,586	48,622	209,208	545,146
Other trading activities				136,573		136,573	301,964
Investment income				252		252	661
Other income				52,109		52,109	7,868
Total				940,442	1,219,051	2,159,493	1,504,261
EXPENDITURE ON
Raising funds			8	181,784		181,784	303,110
Charitable activities			9	590,086	460,351	1,050,437	712,591
Total			10	771,870	460,351	1,232,221	1,015,701
NET INCOME/(EXPENDITURE)				168,572	758,700	927,272	488,560
RECONCILIATION	OF FUNDS
Total funds brought		forward	23	85,429	891,596	977,025	488,465
TOTAL FUNDS CARRIED FORWARD				254,001	1,650,296	1,904,297	977,025

	Notes	GROUP 2020 2019	GROUP 2020 2019	Charitable 2020	Company 2019
				E
FIXEDASSETS
Tangible assets	14	2,806,010	763,900	2,805,410	762,548
Fixed asset investment	15			100	100
CURRENT ASSETS		2,806,010	763,900	2,805,510	762,648
Stocks	16	4,604	8,648
Debtors Cash at bank	17	62,607 576,220	106,539 861,212	77,225 568,898	111,144 855,632
CREDITORS		643,431	976,399	646,123	966,776
Amounts falling due within one year	18	(688,335)	(763,274)	(684,346)	(752,399)
NET CURRENT ASSETS		(44,904)	213,125	(38,223)	214,377
TOTAL ASSETS LESSCURRENT LIABILITIES		2,761,106	977,025	2,767,287	977,025
CREDITORS
Amounts falling due after more than one year	19	(856,809)		(856,809)
NET ASSETS		1,904,297	977,025	1,910,478	977,025
FUNDS
Unrestricted funds Restricted funds	23	254,001 1,650,296	85,429 891,596	260,182 1,650,296	85,429 891,596
TOTAL FUNDS		1,904,297	977,025	1,910,478	977,025

			Notes	GROUP 2020 2019	GROUP 2020 2019	Charitable 2020	Company 2019
				E
Cash used in operating	activities		26	473,182	889,295	471,203	893,486
Cash flows from investing activities
Interest received				252	661	252	661
Disposal oftangible fixed	assets			14,000		14,000
Purchase oftangible fixed	assets			(2,091,816)	(644,862)	(2,091,579)	(643,412)
Cash provided by (used	in) investing	activities		(2,077,564)	(644,862)	(2,077,327)	(643,412)
Cash flows from financing activities
Repayment of borrowings Cash inflows from new borrowings				(17,860) 1,320,000		(17,860) 1,320,000
Interest paid				17,250		17,250
Cash provided by (used	in) financing	activities
				1,319,390		1,319,390
Change in cash and cash equivalents
in the reporting period				(284,992)	245,094	(286,734)	250,074
Cash and cash equivalents at the beginning
Of the reporting period			27	861,212	616,118	855,632	605,558
Cash and cash equivalents at the end
ofthe reporting period			27	576,220	861,212	568,898	855,632

DONATIONS	AND LEGACIES	AND LEGACIES			2020	2019
			Unrestricted	Restricted	Total	Total
			Funds f	Funds f	Funds F	Funds f
Future Playhouse The Wall				1,167,623 2,806	1,167,623 2,806	639,203 4,780
Other donations		and grants	590,922		590,922	4,639
			590,922	1,170,429	1,761,351	648,622

RAISING FUNDS				2020	2019
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
Commercial Front of office operations Expenditure on trading activities Future Playhouse		38,789 142,754 241		38,789 142,754 241	35,866 266,799 445
		181,784		181,784	303,110

CHARIT	ABLE ACTIVITIES			2020	2019
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
				E
Managed Production Youth 8 Community New Venue Costs		590,086	60,635 399,716	590,086 60,635 399,716	585,257 55,563 71,771
		590,086	460,351	1,050,437	712,591

EXPENDITURE		Support costs
	Direct costs	(See note 11)	Total 2020	Total 2019
Managed Production Youth 8 Community New Venue Costs	21,914 60,635 95,516	568,172 304,200	590,086 60,635 399,716	585,257 55,563 71,771
Raising funds	178,065 178,171	872,372 3,613	1,050,437 181,784	712,591 303,110
	356,236	875,985	1,232,221	1,015,701

SUPPORT COSTS
		Establishment	Governance
	Staff costs	costs	costs	Totals
	E	Z
Managed Production New Venue Costs Raising funds	266,343	295,479 304,200	6,350 3,613	568,172 304,200 3,613
	266,343	599,679	9,963	875,985

14.	TANGIBLE FIXEDASSETS
		Assets under	Plant and	Fixtures and	Asset
	CONSOLIDATED	construction	machinery f	fittings	Improvements	Totals
	COST
	At 1 January 2020	715,315	79,348	200,623	14,400	1,009,686
	Additions	2,052,224	39,592			2,091,816
	Disposals				(14,400)	(14,400)
	At 31 December 2020	2,767,539	118,940	200,623		3,087,102
	DEPRECIATION
	At 1 January 2020		72,037	173,349	400	245,786
	Charge for year		8,432	27,274		35,706
	Released on disposal				(400)	(400)
	At 31 December 2020		80,469	200,623		281,092
	NET BOOKVALUE
	At 31 December 2020	2,767,539	38,471			2,806,010
	At 31 December 2019	715,315	7,311	27,274	14,000	763,900
	CHARITY
		Assets under	Plant and	Fixtures and	Asset
		construction	machinery	fittings	Improvements	Totals
				F
	COST
	At 1 January 2020	715,315	74,769	200,623	14,400	1,005,107
	Additions	2,052,224	39,355			2,091,579
	Disposals				(14,400)	(14,400)
	At 31 December 2020	2,767,539	114,124	200,623		3,082,286
	DEPRECIATION
	At 1 January 2020		68,810	173,349	400	242,559
	Charge for year		7,443	27,274		34,717
	Released on disposal				(400)	(400)
	At 31 December 2020		76,253	200,623		276,876
	NET BOOK VALUE
	At 31 December 2020	2,767,539	37,871			2,805,410
	At 31 December 2019	715,315	5,959	27,274	14,000	762,548

RESTRIC	TED FUNDS —Consolida	ted and charity 2019
		At 1Jan 2019	Income	Expenditure	At 31 Dec
			f	E
Restricted funds
Managed	Productions
Theatre	Rental
Youth & The Wall	Community	21,427 12,467	64,345 4,780	(55,563)	30,209 17,247
Future Playhouse		276,708	639,203	(71,771)	844,140
		310,602	708,328	(127,334)	891,596

RECONCILIATION	OF NET INCOME/(EX	PENDITU	RE) TO NET CASH FLOW FR	RE) TO NET CASH FLOW FR	OM OPERATIIN	G ACTIVITIES
			Consolidated		Charitable	Company
			2020	2019	2020	2019
					E	E
Net (expenditure)/income for the
reporting period (as per the statement		of
financial activities)			927,272	488,560	933,453	488,560
Adjustments for:
Depreciation charge			35,706	13,083	34,717	12,064
Interest received Decrease/(increase)	in stocks		(252) 4,044	(661) (1,980)	(252)	(661)
Decrease/(increase) (Decrease)/increase	in debtors in creditors		43,932 (537,520)	(39,816) 430,109	33,919 (530,634)	(34,968) 427,830
Net cash provided	by (used in) operating
activities			473,182	889,295	471,203	892,825
ANALYSIS OF CASH AND CASH EQUIVALENTS
			Consolidated		Charitable	Company
			2020 E	2019	2020 f	2019 f
Short-term deposits			576,220	861,212	568,898	855,632