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2022-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 7
Report ofthe Independent Auditor 8 to 10
Consolidated Statement of Financial Activities
Consolidated Balance Sheet
Balance Sheet
Consolidated Statement ofCash Flows 14
Notes to the Consolidated Statement of Cash Flows 15
Notes to the Financial Statements 16to 28

14 months ended Year ended
31 March 31 January
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Note E F E
INCOME FROM
Donations 514,801 113,076 627,877 444,038
Charitable
activities
Operation
oftheatre and cinema
677,791 677,791 177,659
Other trading
activities
105,993 105,993 31,170
Investment
income
6 6 19
Total income 1,298,591 113,076 1,411,667 652,886
EXPENDITURE ON
Raising funds 200,180 200,180 37,793
Charitable
activities
Operation
oftheatre
and cinema 893,126 82,016 1,013,642 612,111
Total expenditure 1,131,806 82,016 1,213,822 649,904
NET INCOME 166,785 31,060 197,845 2,982
RECONCILIATION OF FUNDS
Total funds brought forward (200,970) 583,589 382,619 379,637
TOTAL FUNDS CARRIED FORWARD ~34,185 614,649 580,464 382,619

31 March 31 January
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Note E F
FIXEDASSETS
Tangible assets 15
105,666 551,595 657,261 689,158
CURRENT ASSETS
Stocks 17 4,940 4,940 3,361
Debtors 18 65,071 5,000 70,071 44,186
Cash at bank and in hand 118,833 344,838 463,671 21,179
188,844 349,838 538,682 68,726
CURRENT LIABILITIES
Creditors: amounts falling due within one
year 20 (328,695) (286,784) (615,479) (333,534)
NET CURRENT (LIABILITIES)/ASSETS )139,851) 63,054 ~76,797) )264,808)
TOTAL ASSETS LESSCURRENT
LIABILITIES (34,185) 614,649 580,464 424,350
CREDITORS
Amounts
falling due after more than one
year 22 (41,731)
NET (LIABILITIES)/ASSETS ~34,185) 614,649 580,464 382,619
FUNDS 25
Unrestricted
funds
(34,185) (200,970)
Restricted funds 614,649 583,589
TOTAL FUNDS 580,464 382,619

31 March 31 January
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Note f.
FIXEDASSETS
Tangible assets 15 105,666 551,595 657,261 689,158
Investments 16 2 2 1
105,668 551,595 657,263
689,159
CURRENT ASSETS
Stocks 17 4,940 4,940 3,361
Debtors 19 64,543 5,000 69,543 42,935
Cash at bank and in hand 118,833 344,838 463,671 21,179
188,316 349,838 538,154 67,475
CURRENT LIABILITIES
Creditors: amounts falling due within one
year 21 (328,169) (286,784) (614,953) (332,284)
NET CURRENT (LIABILITIES)IASSETS )139,853) 63,054 ~76,799) )264,809)
TOTAL ASSETS LESSCURRENT (34,185) 614,649 580,464 424,350
LIABILITIES
CREDITORS
Amounts
falling due after more than one
year 22 (41,731)
NET (LIABILITIES)/ASSETS ~34,185) 614,649 580,464 382,619
FUNDS 25
Unrestricted
funds
(34,185) (200,970)
Restricted funds 614,649 583,589
TOTAL FUNDS 580,464 382,619

31 March 31January
2022 2021
Notes E E
Cash flows from operating activities:
Cash generated
from operations
502,255 17,492
Interest paid ~1,943) ~3,335)
Net cash provided
by operating
activities
500,312 14,157
Cash flows from investing activities:
Purchase
oftangible
fixed assets
(16,783) (949)
Interest received 6 19
Net cash from (used in) investing activities ~16,777) ~930)
Cash flows from financing activities:
New loans
in period
30,000
Loan repayments
in period
)41,043) )32,322)
Net cash from (used in) financing activities ~41,043) ~2,322)
Change
in cash and cash
reporting
period
equivalents in the 442,492 10,905
Cash and cash equivalents
ofthe reporting
period
at the beginning 21,179 10,274
Cash and cash equivalents
reporting
period
at the end ofthe 463,671 21,179

RECONCILIATION OF NET INCOME TO NET CASH FLOW OF NET INCOME TO NET CASH FLOW OF NET INCOME TO NET CASH FLOW OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES FROM OPERATING ACTIVITIES FROM OPERATING ACTIVITIES FROM OPERATING ACTIVITIES
31 March 31 January
2022 2021
F E
Net income for the reporting period (as per the statement of
financial activities) 197,845 2,982
Adjustments
for:
Depreciation
charges
47,810 41,865
Loss on disposal of fixed assets 870
Interest received (6) (19)
Interest paid 1,943 3,335
(Increase)/decrease in stocks (1,579) 7,275
(Increase)
in debtors
(25,885) (32,334)
Increase/(decrease) in creditors 281,257 ~5,612)
Net cash provided by operating activities 502,255 17,492
ANALYSIS OF CASH AND CASH EQUIVALENTS
E
Cash
in hand
69 945
Notice deposits (less than 3 months) 463,602 20,234
Total cash and cash equivalents 463,671 21,179
ANALYSIS OF CHANGES
IN NET DEBT
At 1.1.21 Cash flow At 31.3.22
Net cash
Cash at bank and
in
hand 21,179 442,492 463,671
Debt
Debts falling due within
Debts falling due after
1 year
1 year
(32,271)
~41,731)
(688)
41,731
(32,959)
Total ~74,002) 41,043 ~32,959)
~52,823) 483,535 430,712

DONATIONS
AND LEG
ACIES
14months ended Year ended
31 March 31 January
2022 2021
F
Private donations 73,709 39,595
Business donations 1,000 167
Grants 553,168 404,276
627,877 444,038
Grants received,
included
in the above, are as follows:
Arts Council England 380,426 213,000
Government
grants: Coronavirus
Job Retention Scheme 47,215 132,124
Tewkesbury
Borough Council: Covid grants
35,878
Create Gloucestershire: Kickstart grants 26,651
Gloucestershire
County
Council: Coronavirus Prevention Grant 17,814
National
Heritage: Grant
for Stitch Story 12,317
Film London: Young Audiences Generator Scheme 10,000
Gloucestershire
County Council: Grant for Stitch Story
Historic England:
High Street Action Zones: Cultural
Programme
8,000
7,110
GFIRST: Covid grant 2,557
University
ofGloucestershire:
Kick Starting
Watershed
Tourism Grant 2,200
2,000
8,312
British Film Institute 13,840
Tewkesbury
Borough Council
Barnwood
Trust
27,000
10,000
Others less than E1,000 1,000
553,168 404,276
The Arts Council England
grants
are as detailed below:
Culture Recovery Fund: Grants programme 83,356
Culture
Recovery Fund: Grants second round
Culture
Recovery Fund: Continuity
support
Engaging
Younger Audiences
123,742
171,868
1,460
380,426

14 months 14 months 14 months ended Year ended
31 March 31 January
2022 2021
E
Kiosk and bar 80,695 18,704
Advertising
income
2,632 2,085
Theatre and room hire 7,250
Other income 1,785 8,669
Theatre Tax Credit 13,631
Sponsorship
and fundraising
. 1,712
105,993 31,170
INVESTMENT INCOME
14months ended Year ended
31 March 31 January
2022 2021
E
Interest receivable 6 19
INCOME FROM CHARITABLE ACTIVITIES
14 months ended Year ended
31 March 31 January
2022 2021
Activity
Theatre ticket
Cinema ticket
Booking fees
Get Creative
sales
sales
income
Operation
Operation
Operation
Operation
oftheatre
oftheatre
oftheatre
oftheatre
and cinema
and cinema
and cinema
and cinema
597,841
53,811
7,598
18,541
125,140
35,287
12,295
4,937
677,791 177,659
RAISING FUNDS
14 months
ended
Year ended
31 March 31 January
2022 2021
E
Other trading
Purchases
activities 38,293 16,597
Staff costs
Sponsorship
and fundraising
Costs of Pantomime
Production
26,199
135,688
20,931
265
200,180 37,793
CHARITABLE ACTIVITIES COSTS
Direct costs Support costs Totals
(see note 9) (see note 10)
F E E
Operation
of
theatre and cinema 620,527 393,115 1,013,642

14 months ended Year ended
31 March 31 January
2022 2021
E
Staff costs 229,608 198,676
Show costs 222,961 110,813
Advertising
Miscellaneous
13,587
1,782
29,518
Hire of films 42,541 22,889
Credit card charges
Insurance
14,545
5,243
4,828
11,408
Bank charges
Get Creative costs
1,831
13,463
3,193
18,885
BoxOffice costs 24,679
Stitch Story costs
Depreciation
2,477
47,810
41,865
620,527 442,075
SUPPORT COSTS
Governance
Other costs Totals
F F P
Operation
oftheatre
and cinema 274,354 118,761 393,115
Support costs, included in the above, are as follows: 14 months ended Year ended
31 March 31 January
2022 2021
F
Marketing
salaries
Premises expenses
ITcosts
Office expense
Staff recruitment
and training
Advertising
Loss on sale oftangible
fixed assets
Interest payable
Administration
salaries
38,158
53,547
121,572
9,315
48,949
870
1,943
73,209
35,495
31,563
18,484
10,012
15,380
3,335
12,814
Auditors'
remuneration
5,995 6,500
Auditors'
remuneration
for non audit services 900
ITcosts
Accountancy
Professional
fees
12,530
15,851
10,276
9,350
21,517
5,586
393,115 170,036

14months ended Year ended
31 March 31 January
2022 2021
E
Depreciation -owned assets 47,810 41,866
Loss on sale ofassets 870
Auditors' remuneration 5,995 6,500
Auditors' remuneration for non audit services 900

STAFF COSTS
14 months ended Year ended
31 March 31 January
2022 2021
Wages and salaries
Social security costs
345,381
16,954
266,409
11,817
Pension costs 4,839 3,955
367,174 282,181
The average
monthly
number ofemployees
durin
follows:
g
the period was as
14 months ended Year ended
31 March 31 January
2022 2021
Marketing 1 1
Kiosk and bar 1 3
Fundraising
Boxoffice and front of house 16 12
Take Part 1 1
Technical Staff 3 5
Governance 1 1
23 23

COIVIPARATIVES F OR THE STATEMENT O F FINANCIA L ACTIVITIES
Unrestricted Restricted Total
funds funds funds
F
INCOME FROM
Donations 444,038 444,038
Charitable
activities
Operation
oftheatre
and cinema 177,659 177,659
Other trading
activities
Investment
income
31,170
19
31,170
19
Total income 652,886 652,886
EXPENDITURE ON
Raising funds 37,793 37,793
Charitable
activities
Operation
oftheatre
and cinema 584,687 27,424 612,111
Total expenditure 622,480 27,424 649,904
NET INCOME/(EXPENDITURE) 30,406 (27,424) 2,982
RECONCILIATION OF FUNDS
Total funds brought forward (231,376) 611,013 379,637
TOTAL FUNDS CARRIED FORWARD ~200,970) 583,589 382,619
TANGIBLE FIXEDASSETS —GROUP AND CHARITY
Stage 8
Short cinema Fixtures and Office
leasehold equipment fittings equipment Totals
E E
COST
At 1 February 2021
Additions
Disposals
707,366 161,342
465
205,911
13,995
177,234
2,323
~4,538)
1,251,853
16,783
~4,538)
At 31 March 2022 707,366 161,807 219,906 175,019 1,264,098
DEPRECIATION
At 1 February 2021
Charge for year
Eliminated
on disposal
70,736
33,010
140,088
5,013
187,950
6,528
163,921
3,259
~3,668)
562,695
47,810
~3,668)
At 31 March 2022 103,746 145,101 194,478 163,512 606,837
NET BOOK VALUE
At 31 March 2022 603,620 16,706 25,428 11,507 657,261
At 31 January 2021 636,630 21,254 17,961 13,313 689,158
22

Nature ofbusiness:
Prod
uction of pa ntomime
and other live
shows
Class ofshare: Holding
Ordinary 100 31.3.22 31.1.21
E
Income 135,688 17,133
Expenditure (135,688) (17,133)
Profit
Aggregate
capital and reserves
Roses Theatre Trading Company Limited
Registered
office: Roses
Theatre, Sun Street, Tewkesbury, GL20 5NX
Nature ofbusiness:
Operation
ofcafe and bar
Class ofshare: Holding
Ordinary 100 31.3.22 31.1.21
F
Aggregate
capital and reserves
1 1
17. STOCKS —GROUP AND CHARITY
31.3.22 31.1.21
E
Stocks 4,940 3,361
18. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR - GROUP
31.3.22 31.1.21
E F
Trade debtors 6,696 185
Other debtors 27,295
Prepayments 63,375 16,706
70,071 44,186

DEBTORS:A MOUNTS
FALLING DUE WITHIN ONE Y
EAR —CHARITY
31.3.22 31.1.21
F
Trade debtors 6,694 185
Other debtors 3,294
Prepayments and accrued income 62,849 39,456
69,543 42,935

CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE Y
EAR —GROUP
31.3.22 31.1.21
E E
Bank loans and overdrafts (see note 23) 2,959 32,271
Other loans (see note 23)
Trade creditors
30,000
81,207
36,782
Social security and other taxes 8,411 18,591
VAT 3,801
Other creditors 33,169 1,559
Deferred
income
433,670 212,207
Accrued expenses 22,262 32,124
615,479 333,534

CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE Y
EAR —CHARITY
31.3.22 31.1.21
F E
Bank loans and overdrafts (see note 23) 2,959 32,271
Other loans (see note 23)
Trade creditors
30,000
81,207
36,782
Amounts
owed by group undertakings
Social security and other taxes
VAT
1,474
8,411
3,801
750
18,591
Other creditors 33,169 1,559
Deferred income 433,670 212,207
Accrued expenses 20,262 30,124
614,953 332,284

31.3.22 31.1.21
Bank
Other
loans
loans
(see
(see
note
note
23)
23)
11,731
30,000
41,731

23. LOANS
31.3.22 31.1.21
An analysis of the maturity of loans is given below:
Amounts
falling
due within one year on demand:
Bank loans 2,959 32,271
Other loans 30,000
32,959 32,271
31.3.22 31.1.21
P E
Amounts
falling
between one and two years:
Bank loans 11,731
Other loans 11,250
22,981
Amounts
falling
due between two and five years:
Other loans 18,750
24. SECURED DEBTS
The following secured debts are included within creditors:
31.3.22 31.1.21
E
Bank loans 2,959 44,002
Other loans 30,000 30,000
32,959 74,002

MOVEMENT
IN F
UND S
Net
movement
in
At 1.2.21 funds At 31.3.22
E E F
Unrestricted
funds
General (200,970) 166,785 (34,185)
Restricted funds
Capital Campaign
Theatre Seats
576,254
7,335
(29,709)
(2,285)
546,545
5,050
Gloucestershire
County
Council: Grant for Stitch Story 8,000 8,000
Film London Young Audiences Generator Scheme 10,000 10,000
National
Heritage: Grant for Stitch Story
Arts Council England:
Culture
Recovery
Fund,
3,722
41,332
3,722
41,332
Sustainability
583,589 31,060 614,649
TOTAL FUNDS 382,619 197,845 580,464
Net movement
in
funds, included in the above are as follows:
Income Expenditure Movement
in
funds
F
Unrestricted
funds
General 1,298,591 (1,131,806) 166,785
Restricted funds
Capital Campaign
Theatre Seats
(29,709)
(2,285)
(29,709)
(2,285)
Gloucestershire
County Council: Grant for Stitch Story
Film London Young Audiences
Generator Scheme
National
Heritage: Grant for Stitch Story
Create Gloucestershire
Kickstart
8,000
10,000
12,317
26,651
(8,595)
(26,651)
8,000
10,000
3,722
Historic England: High Street Action Zones: Cultural 7,110 (7,110)
Programme
Arts Council England:
Culture Recovery Fund, 48,998 (7,666) 41,332
Sustainability
113,076 ~82,016) 31,060
TOTAL FUNDS 1,411,667 ~1,213,822) 197,845

Comparative s
for movement
in funds
Net
movement
in
At 1.2.20 funds At 31.1.21
E E
Unrestricted Funds
General (231,376) 30,406 (200,970)
Restricted Funds
Capital Campaign
Theatre Seats
601,719
9,294
(25,465)
~1,959)
576,254
7,335
611,013 27,424 583,589
TOTAL FUNDS 379,637 2,982 382,619
Comparative net movement
in funds,
incl
uded
in the above are as follows
:
Income Expenditure Movement
in
funds
F
Unrestricted funds
General 652,886 (622,480) 30,406
Restricted funds
Capital Campaign
Theatre Seats
(25,465)
~1,959)
(25,465)
~1,959)
~27,424) ~27,424)
TOTAL FUNDS 652,886 ~649,904) 2,982