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2023-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 7
Report of the Independent Auditor 8 to 10
Consolidated Statement of Financial Activities
Consolidated Statement of Financial Position 12
Statement
of
Financial
Position
13
Consolidated Statement of Cash Flows 14
Notes to the Consolidated Statement ofCash Flows 15
Notes to the Financial Statements 16to 33

Period
Year ended 31.1.21 to
31.3.2023 31.32022
Unrestricted Restricted Total Total
funds funds funds funds
Note E E E. E
INCOME FROM
Donations 3 58,896 432,480 491,376 627,877
Charitable
activities
Operation
oftheatre
and cinema 6 973,180 973,180 677,791
Other trading
activities
199,189 199,189 105,993
Investment
income
1,199 1,199 6
Total income 1,232,464 432,480 1,664,944 1,411,667
EXPENDITURE ON
Raising funds 7 248,085 248,085 200,180
Charitable
activities
Operation
oftheatre
and cinema 8 783,265 494,467 1,277,732 1,013,642
Total expenditure 1,031,350 494,467 1,525,817 1,213,822
NET INCOME/(EXPENDITURE)
Transfers
between
funds
201,114
361
(61,987)
~3613
139,127 197,845
NET MOVEMENT IN FUNDS 201,475 (62,348) 139,127 197,845
RECONCILIATION OF FUNDS 27
Total funds brought forward (34,185) 614,649 580,464 382,619
TOTAL FUNDS CARRIED FORWARD 167,290 552,301 719,591 580,464

31.3.2023 31.3.2022
Unrestricted Restricted Total Total
Note funds
F
funds
F
funds
f
funds
E
FIXEDASSETS
Intangible
assets
Tangible assets
15
16
33,356
136,250
518,773 33,356
655,023
657 261
169,606 518,773 688,379 657,261
CURRENT ASSETS
Stocks 19 4,900 4,900 4,940
Debtors 21 70,818 70,818 70,071
Cash at bank and in hand 305,942 58,592 364,534 463,671
381,660 58,592 440,252 538,682
CURRENT LIABILITIES
Creditors: amounts falling due within one
year 23 ~383976) ~25 064) ~409 040) (615,479)
NET CURRENT (LIABILITIES)/ASSETS ~2,316) 33,528 31,212 ~76797)
TOTAL ASSETS LESSCURRENT
LIABILITIES 167,290 552,301 719,591 580,464
NET ASSETS 167,290 552,301 719,591 580 464
FUNDS 27
Unrestricted
funds
167,290 (34,185)
Restricted
funds
552,301 614,649
TOTALFUNDS 719591 580,464

31.3.2023 31.3.2022
Unrestricted Restricted Total Total
funds funds funds funds
Note 8 E E
FIXEDASSETS
Intangible
assets
Tangible assets
Investments
15
17
18
33,356
135,842
2
518,773 33,356
654,615
2
657,261
2
169,200 518,773 687,973 657,263
CURRENT ASSETS
Stocks 20 4,940
Debtors 22 89,862 89,862 69,543
Cash at bank and in hand 289,089 ~58 592 347,681 463,671
378,951 58,592 437,543 538,154
CURRENT LIABILITIES
Creditors: amounts
year
falling due within one 24 (380,861) (25,064) (405,925) (614,953)
NET CURRENT (LIABILITIES)/ASSETS ~1,910) 33,528 31618 ~76,799)
TOTAL ASSETS LESSCURRENT 167,290 552,301 719,591 580,464
LIABILITIES
NET ASSETS 167,290 552 301 719,591 580,464
FUNDS 27
Unrestricted
funds
167,290 (34,185)
Restricted
funds
552,301 614,649
TOTAL FUNDS ~719 591 580464

31.3.2023 31.3.2022
Notes 6 E
Cash flows from operating
activities:
Cash generated
from operations
Interest paid
(111)
~312)
502,255
~1,943)
Net cash (used in)/provided by operating (423) 500,312
activities
Cash flows from investing activities:
Purchase
of intangible
fixed assets
(33,782) (16,783)
Purchase
of tangible
fixed assets
(63,247)
Sale oftangible
fixed assets
Interest received
75
1,199
Net cash (used In) investing activities (95,755) (16,777)
Cash flows from financing activities:
Loan repayments in period ~2,959) (41,043)
Net cash (used in) financing
activities
~2959) (41,004433)
Change
ln cash
reporting
period
and cash equivalents in the (99,137) 442,492
Cash and cash
ofthe reporting
equivalents
period
at the beginning 463,671 ~21 179
Cash and cash
reporting
period
equivalents at the end ofthe 364,534 463,671

RECONCILIATION
OF NET IN CO ME TO NET CASH FLOW FROM OPE RATING ACTI VITIES
31.3.2023 31.3.2022
6
Net income for the
financial activities)
reporting period (as per the statement of 139,127 197,845
Adjustments
for:
Depreciation
charges
(Profit)/Loss
on disposal offixed assets
65,911
(75)
47,810
870
Interest received (1,199) (6)
Interest
paid
312 1,943
Decrease/(Increase) in stocks 40 (1,579)
(Increase)
in debtors
Increase/(decrease)
in creditors (747)
~203 460
(25,885)
281 257
Net cash provided by operating activities 502 255
ANALYSIS OF CASH AND CASH EQUIVALENTS
6 f
Cash
in hand
90 69
Notice deposits (less than 3 months) 364444 463,602
Total cash and cash equivalents 364 534 463,671
ANALYSIS OF CHANGES
IN
NET DEBT
At 1.1.22 Cash flow At 31.3.23
Net cash
Cash at bank and
in
hand 463,671 ~99,137) 364,534
Debt
Debts falling due within
1 year
~32 959) ~2959) ~30,000)

DONATIONS
Year ended Period 1.2.21
31.3.2023 to 31.3.2022
6
Private donations 53,453 73,709
Business donations 19,164 1,000
Grants 418,759 553,168
491 376 627,877
Grants received,
included
in the above, are as
follows:
Arts Council
England
293,988 380,426
Tewkesbury
Borough Council: Young People's
Mental
Health
Historic England:
High Street Action Zones: Cultural
Programme
National
Heritage: Grant for Stitch Story
Create Gloucestershire:
Kickstart Grants
50,000
26,708
12,316
8,607
7,110
12,317
26,651
Tewkesbury
Abbey. Stitch Story
British Film Institute
7,000
5,000
Watershed 3,150 2,000
Nottingham
Media Horror Project
Climate change
Theatre Trust: Backstage electrics
3,000
2,500
2,450
POTAS 1,575
Historic England
Heritage Schools
Coronavirus
Job Retention
Scheme
1,151 47,215
Tewkesbury
Borough Council Covid Grants
Gloucestershire
County Council: Coronavirus
Prevention
Film London; Young Audiences
Generator Scheme
Gloucestershire
County
Council: Grant for Stitch Story
GFIRST Covid grant
University
ofGloucestershire:
Kick Starting Tourism
grant
Others less than f1,000
Grant ~1314 35,878
17,814
10,000
8,000
2,557
2,200
1,000
418,759 553 168
The Arts Council England
grants are as detailed
below:
Culture
Recovery Fund: Grants
programme
Culture
Recovery Fund: Grants second round
Culture
Recovery Fund: Continuity
support
Culture
Recovery Fund: Sustainability
Engaging
Younger Audiences
293,988
293,988
83,356
123,742
122,870
48,998
1,460
380,426
OTHER TRADING ACTIVITIES
Year ended Period
31.3.2023 1.2.21 to
31.3.2022
6 5
Kiosk and bar 131,512 80,695
Advertising
income
Theatre and room hire
3,865
38,562
2,632
7,250
Other income 6,489 1,785
Theatre Tax Credit 18761 13,631
199,189 105,993

INVESTMENT INCO ME
Year ended Period
31.3.2023 1.2.21 to
31.3.2022f
Interest receivable 1,199 6
INCOME FROM CHARITABLE ACTIVITIES
Year ended Period
31.3.2023 1.2.21 to
31.3.2022
Activity f f
Theatre ticket sales Operation of theatre and cinema 787,726 597,841
Cinema ticket sales Operation of theatre and cinema 99,614 53,811
Booking fees Operation of theatre and cinema 74,761 7,598
Get Creative income Operation of theatre and cinema 11,079 18,541
973,180 677,791
RAISING FUNDS
Year ended Period
31.3.2023 1.2.21 to
31.3.2022
f
Other trading
Kiosk and bar
activities
purchases
55,240 38,293
Kiosk and bar staff costs 45,516 26,199
Costs of Pantomime Production 147329 135688
248 085 200,180
CHARITABLE ACTIVITIES COSTS
Direct costs Support costs Totals
(see note 9)
F
(see note 10) f
Operation
oftheatre
and cinema 847,730 430,002 1 277 732
DIRECT COSTS OF CHARITABLE ACTIVITIES
Year ended Period 1.2.21
31.3.2023f to 31.3.2022f
Staff costs 254,369 229,608
Show costs 330,649 222,961
Advertising 21,546 13,587
Miscellaneous 1,782
Hire of films 70,362 42,541
Credit card charges
Insurance
15,939
4,450
14,545
5,243
Bank charges
Get Creative costs
1,009
34,542
1,831
13,463
Box Office costs 28,139 24,679
Stitch Story costs
Depreciation
21,018
65,707
2,477
47 810
847,730 620,527

Support Governance Totals
costs costs
f f F
Operation
oftheatre
and cinema 339,773 90,229 430,002
Support costs, included in the above, are as follows: Year ended Period 1.2.21
31.3.2023 to 31.3.2022
F 8
Marketing
salaries
Premises expenses
ITcosts
51,851
82,300
9,743
38,158
53,547
12,530
Office expenses
Staff recruitment
and
Advertising
Professional
fees
training 131,087
7,811
36,961
19,783
121,572
9,315
48,949
1,075
(Profit)/Loss
on sale
Interest payable
of tangible fixed assets (75)
312
870
~1943
339,773 287 959
Governance costs
Year ended Period 1.2.21
31.3.2023 to31.3.2022
E E
Administration
salaries
72,678 73,209
Auditor's
remuneration
8,742 5,995
Auditor's
remuneration
for non-audit work 900 900
Professional
fees: governance
Accountancy
fees
7,909 9,201
15,851
90,229 105,156

Net income is stated after charging:
Year ended Period 1.2.21
31.3.2023 to 31.3.2022
f E
Depreciation
- owned assets
(Profit)/Loss
on sale ofassets
Auditors'
remuneration
65,911
(75)
8,742
47,810
870
5,995
Auditors'
remuneration
for non audit services
900 900

STAFF COSTS
Year ended Period 1.2.21
31.3.2023 to 31.3.2022
F F
Wages and salaries
Social security costs
Pension costs
394,405
23,313
6696
345,381
16,954
4 839
424,414 367,174
The average
monthly
number
ofemployees
during
follows:
the period was as
Year ended Period 1.2.21
31.3.2023 to 31.3.2022
Marketing 2 1
Kiosk and bar 2 1
Fundraising
Box office and front ofhouse
1
14
16
Get Creative 2 1
Technical Staff 5 3
Governance 2 1
28 23

COMPARATIVES F OR THE STATEMENT OF F INANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
f f F
INCOME FROM
Donations 514,801 113,076 627,877
Charitable
activities
Operation
oftheatre
and cinema 677,791 677,791
Other trading
activities
Investment
income
105,993
6
105,993
6
Total income 1,298,591 113,076 1,411,667
EXPENDITURE ON
Raising funds 200,180 200,180
Charitable
activities
Operation
oftheatre
and cinema 931,626 82,016 1,013542
Total expenditure I 131,806 82,016 1,213822
NET INCOME 166,785 31,060 197,845
RECONCILIATION OF FUNDS
Total funds brought forward ~200,970) 583,589 31!2619
TOTAL FUNDS CARRIED FORWARD

INTANGIBLE FIXEDASSETS —GROUP AND CHARI TY
Development
costsf
COST
Additions 33,782
AMORTISATION
Charge for year 426
NET BOOK VALUE
At 31 March 2023 33,356
At 31 March 2022

TANGIBLE FIXEDAS SETS —GRO UP
Stage &
Short cinema Fixtures and Office Assets Totals
leasehold equipment fittings equipment under
construction
F
COST
At 1 April 2022
Additions
707,366
45,742
161,807
612
219,906
175,019
4,822
12,071 1,264,098
63,247
Dieposals ~140,023 ~152,i!69 ~170,699 ~463,591
At 31 March 2023 753,108 22,396 67,037 9,142 12,071 863,754
DEPRECIATION
At 1 April 2022
Charge for year
103,746
34,293
145,101
12,550
194,478
7,531
163,512
11,111
606,837
65,485
Eliminated
on
Disposal ~740 023 ~752 869 ~770,699 ~463 591
At 31 March 2023 138039 17628 49 140 3 924 208,731
NET BOOK VALUE
At 31 March 2023 615,069 4,768 17,897 5,218 12,071 655,023
At 31 March 2022 603,620 16,706 25,428 11,507 657,261

TANGIBLE FIXEDAS SETS -COM PANY
Stage 8
Short cinema Fixtures and Office Assets Totals
leasehold equipment fittings equipment under
construction
6
COST
At 1 April 2022
Additions
707,366
45,742
161,807 219,906 175,019
4,822
12,071 1,264, 098
62,635
Disposals ~740 023 ~752 869 ~770 69tt ~463,591
753 108 21 784 67 037 9,142
DEPRECIATION
At 1 April 2022 103,746 145,101 194,478 163,512 606,837
Charge for year 34,293 12,746 7,531 11,111 65,281
Eliminated
on
Disposal ~740 023 ~752 869 ~170699 463,591
At 31 March 2023 138,039 17,424 49 140 3,924 208,527
NET BOOK VALUE
At 31 March 2023 615069 4 360 17897 5 2111 12071 654,615
Ai 31 M
0 2022
603620 16 706 25 428 11 507 657,261

Nature of business: Nature of business: Production of pantomime
and other live shows
Class ofshare Holding
Ordinary 100 31.3.23
8
31.1.22
Income 170,804 135,688
Expenditure (170,804) (135,688)
Profit
Aggregate capital and reserves
Roses Theatre Trading Company Limited
Registered office: Roses Theatre, Sun Street, Tewkesbury, GL20 5NX
Nature of business: Operation ofcafe and bar
Class ofshare:
Ordinary
Holding
100
31.3.23f 31.1.22
6
Income 60,100
Expenditure (60,100)
Profit
Aggregate capital and reserves
19. STOCKS —GROUP
31.3.23 31.1.22
6 E
Stocks 4,900 4,940
20. STOCKS —CHARITY 31.3.23 31.1.22
6
Stocks 4,940

21. DEBTORS: AMOUNTS
FA
LLING DUE WITHIN ONE YEAR -GROUP
31.3.23 31.1.22
F
Trade debtors 3,626 6,696
VAT 2,605
Prepayments 64,587 63,375
70818 70,071
22. DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR —CHARITY
31.3.23 31.1.22
f
Trade debtors 3,626 6,694
Amounts
owed by group undertakings
VAT
23,701
1,548
Prepayments
and accrued
income 60,987 62,849
89862 69,543
23. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR —GROUP
31.3.23
6
31.1.22
f
Bank loans and overdrafts
Other loans (see note 25)
Trade creditors
(see note 25) 30,000
95,962
2,959
30,000
81,207
Social security
and other taxes
VAT
7,687 8,411
3,801
Other creditors 13,699 33,169
Deferred
income
221,534 433,670
Accrued expenses 40,158 22 262
409 040 615,479
24. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR —CHARITY
31.3.23
f
31.1.22
6
Bank loans and overdrafts (see note 25) 2,959
Other loans (see note 25)
Trade creditors
30,000
94,845
30,000
81,207
Amounts
owed to group undertakings
Social security
and other taxes
VAT
7,687 1,474
8,411
3,801
Other creditors 13,701 33,169
Deferred
income
221,534 433,670
Accrued expenses 38,158 20,262
405,925 614,953

Movemen t
in deferred income:
31.3.23 31.1.22
f F
Brought forward
Deferred
in the year
433,670
206,629
212,207
433,670
Released in the year ~418765) (212,207)
221,534 433,670
LOANS
31.3.23 31.1.22
8 E
An analysis of the maturity of loans is given below:
Amounts
falling due within
one year on demand.
Bank loans 2,959
Otherloans 30,000 30,000
30,000 32,959
31.3.23 31.1.22
F
Bank loans 2,959
Other loans 30,000 ~30 000
30,000 32,959

MOVEMENT
IN FUNDS
Net
movement
At 1.4.22 in funds Transfers At 31.3.23
6 F E E
Unrestricted
funds
General (34,185) 201,114 361 167,290
Restricted funds
Capital Campaign
Theatre Seats
546,545
5,050
(30,863)
(1,959)
515,682
3,091
Gloucestershire
County
Council: Grant for Stitch
8,000 (8,000)
Story
Film London Young Audiences
Generator 10,000 (10,000)
Scheme
National
Heritage: Grant for Stitch Story
3,722 (702) 3,020
Arts Council England:
Culture
Recovery Fund, 41,332 (41,332)
Sustainability
Historic England:
High Street
Action Zones- 13,664 7,000 20,664
Cultural
Programme
Tewkesbury
Borough Council
—Young People' s (2,089) 2,089
Mental
Health
Theatre Trust: Backstage Electrics
Tewkesbury
Abbey: Stitch Story
Buck Up Backstage
Historic England
Heritage
Schools
POTAS
2,450
7,000
8,607
701
536
(2,450)
(7,000)
8,607
701
536
614,649 ~61,987 ~361 552,301
TOTALFUNDS 580 464 139,127 ~719 591

Net movement
in funds,
included
in the a
bove ar e as follo ws:
Income Expenditure Movement
in
funds
f
Unrestricted
funds
General 1,232,464 (1,031,350) 201,114
Restricted funds
Capital Campaign
Theatre Seats
(30,863)
(1,959)
(30,863)
(1,959)
Gloucestershire
County Council: Grant for Stitch Story
Film London Young Audiences
Generator
Scheme
National
Heritage: Grant for Stitch Story
Create Gloucestershire
Kickstart
12,316
8,607
(8,000)
(10,000)
(13,018)
(8,607)
(8,000)
(10,000)
(702)
Historic England:
High Street Action Zones: Cultural
40,372 (26,708) 13,664
Programme
Arts Council England:
Culture Recovery Fund,
293,988 (335,320) (41,332)
Sustainability
Tewkesbury
Borough
Council —Young People's
Mental 50,000 (52,089) (2,089)
Health
Theatre Trust Backstage Electrics
Tewkesbury
Abbey: Stitch Story
Buck Up Backstage
Nottingham
Media Horror Project
Climate Change
Restricted
grants ( f1k
Historic England
Heritage
Schools
POTAS
2,450
7,000
8,607
3,000
2,500
914
1,151
1,575
(3,000)
(2,500)
(914)
(450)
~),039)
2,450
7,000
8,607
701
536
432,480 ~494 467) ~61,987)
TOTAL FUNDS 1,664 944 )1,525 817) 139,127

Comparatives
for mo
emen t in fun ds
Net
movement
in
At 1.2.21 funds
8
At 31.1.22
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
Film London Young Audiences
Generator Scheme
National
Heritage: Grant for Stitch Story
Arts Council England.
Culture
Recovery Fund,
8,000
10,000
3,722
41,332
8,000
10,000
3,722
41,332
Sustainability
583 589 ~31 060 614,649
TOTAL FUNDS 382,619 197845 580,464
Comparative
net movement
in funds, included in the above are as follows:
Income Expenditure Movement
in
funds
E E 6
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 ~62,016) 31 060
TOTAL FUNDS