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2021-03-31-accounts


CONTENTS		PAGE
Trustees' annual report
Independent examiners'	report to the members
Statement offinancial activities
Balance sheet		10
Statement ofcashflows
Notes to the financial statements		12-18

									Total
								Total	Unrestricted
						Unrestricted	Restricted	Funds	Funds
						Funds	Funds	2021	2020
Income:
Income from		chanteble
actlvitres:
Theatre operations								34,262	34,800
Investment	income					22			83
Total Income								34284	34883
Expenditure
Expenditure		on	charitable
activities:
Cost oftheatre			operations		5	34,325		34,325	27,748
Total Expenditure						34,325		34,328	27748
Net (expenditure)/income
and net movement				in funds
for the year						(41)		(41)	6,935
Reconciliation			offunds
Total funds	brought
forward						33,683		33,883	28,748
Transfers
Total funds		carried
forward						33,642		33,642	33,683

		2021	2020
	Notes	5
CURRENT ASSETS
Debtors		31,914	36,252
Cash at bank and in hand		24,287	28,004
Total Current Assets		56,201	64,256
LIABILITIES
Creditors falling due within one year	12	(22,559)	(30,573)
NET CURRENT ASSETS		33,642	33,683
TOTAL ASSETSLESSCURRENT LIABILmES		33,642
THE FUNDS OF THE CHARITY
Restricted income funds
Unrestricted income funds		33,642
TOTAL CHARITY FUNDS	14	33,642	33,683

					2021	2020
					8	8
Cash used in operating	activities			16	(3,739)	7,704
Cash flows from investing activities
interest income
Cash provided by (used	In) Investing	activities
Cash flows from financing activities
Cash used in financing activities
Increase in cash and cash	equivalents	in the	year		(3,717)	7,787
Cash and cash equivalents	at the beginning		ofthe year		28,004	20,217
Total cash and cash equivalents at the end ofthe year						28,004

	Unrestricted	Unrestricted
	Funds	Funds
	2021	2020
Ticket sales		25,873
Support from sponsors	34,213	8,727
Donations	49
	34,262

					Unrestricted	Unrestricted
					Funds	Funds
					2021	2020
Interest	income	from	deposit	account	22

		Children' s	Support of
		programme	new and	Total	Total
			developing	2021	2020
			talent
Production	costs	26,423	2,000	28,423	23,249
Venue hire	costs
Governance	costs (see
note 7)		634		634	634
Support costs (see note 7)		5,268		5,268	3,865
		32,325	2,000	34,325	27,748

directly to suppor	t those activities.
		Support of
	Children's programme	new and developing talent	Total 2021	Total 2020
Costs	(32,325)	(2,000)	(34,325)	(27,748)
Ticket income				25,873
	(32,325)	(2,000)	(34,325)	(1,875)
Direct grant and
sponsorship
support	32,262	2,000	34,262	8,727
Investment
income				83
Net (cost)l income to reserves			~41	9 939

income Net (cost)l income to reserves	income Net (cost)l income to reserves			~	41		83 9 939
Analysis ofgovernance		and support	costs
The charity initially	identifies the costs of its support functions. Itthen identifies those costs
which relate to the	governance function.		Having identiTied		its governance	costs, the
remaining support two key charitable	costs together with the governance activities undertaken (see note 6) in			costs are apportioned between the the year. Refer to the table below
for the basis for apportionment and the			analysis of support		and governance		costs.
At 31 March 2021		General support	Governance function		Total	Basis of apportionment
Freelance costs		4,800			4,800		Operational
ITExpenses							Operational
Independent
examiner fees			821		621		Governance
Legal and other
professional fees			13		13		Governance
Total		5,268	634		5,802

lysis ofgovernance a	nd support cos	ts (continued)
At 31 March 2020	General support	Governance function	Total	Basis of apportionment
Freelance costs	3,487		3,487	Operational
IT Expenses	378		378	Operational
Independent
examiner fees		621	621	Governance
Legal and other
professional fees		13	13	Governance
Total	3865	634	4,499

editors: amoun	ts falling due within one year
		2021	2020
Othercreditors	and accruals	1,702	2,923
Deferred income (see note 13below)		20,857	27,650
		22,559	30,573

and dev	elopment	work fora new c	omedy workshop.
				2021	2020
				6	E
Balances as at 1		April 2020		27,650	13,702
Amount activities	released	to income earned	from charitable	(16,149)	(7,727)
Amount	deferred	in year		9,356	21,675
Balance	as at 31	March 2021		20,857	27,650

Analysi	s ofmove	ments In unrestr	icted funds
		Balance	Incoming	Resources		Funds
		1 April	resources	expended	Transfers	31 March
		2020				2021
General	fund	33683	34284	34325		33642

Analysi	s ofmove	ments In unrestr	icted funds	—prior year
		Balance	Incoming	Resources		Funds
		1 April	resources	expended	Transfers	31 March
		2019				2020
General	fund	26 748	34683	27,748		33,683

			2021
			General	General
			Fund	Fund
Cash	at bank and	in hand	24,287	28,004
Other	net current	assets	9,355	5,679
				33,683

16.Reconciliation of	net	movement	in funds to net cash flow from operating	activities
			2021
Net movement	in funds		(41)		6,935
Deduct interest	income
shown in investing
activities			(22)		(83)
Decrease/(Increase)		in
debtors			4,338		(5,377)
(Decrease)/Increase		in
creditors			(8,014)		6,229
Net cash used	in
operating activities			3,739		7,704