## |||||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| ## ## ## ## ## ## ## ##