| The Hall for Cornwall Trust (Limit |
ed by Guarante |
e) |
|---|---|---|
| Contents | ||
| Page | ||
| Reference and administrative information |
1 —2 | |
| Trustee's annual report (including the strategic |
report) | 3 —22 |
| Independent auditor's report |
23 —26 | |
| Consolidated statement of financial activities |
27 | |
| Charity statement of financial activities |
28 | |
| Consolidated and charity balance sheets |
29 | |
| Statement of cash flow, notes to the statement |
of cash flow | 30 |
| Notes to the financial statements |
31 - 51 |
| incorporating consolid |
ate | d i |
ncome | and expendit | ure account |
) | |||
|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | funds | Restricted | funds | 2022 | 2021 | |||
| Designated | s Operation |
Projects | Capital | ||||||
| project | |||||||||
| F | F | ||||||||
| Income from: | |||||||||
| Donations and legacies |
3 | 55,767 | 3,343,663 | 3,399,430 | 8,786,705 | ||||
| Income from charitable activities: |
|||||||||
| Operation oftheatre and |
arts | ||||||||
| development | 4 | 4,425,603 | 120,436 | 4,546,039 | 592,236 | ||||
| Income from other trading | activities: | ||||||||
| Commercial trading operation |
5 | 201,114 | 201,114 | 5,833 | |||||
| Subsidiary trading operation |
6 | 347,314 | 347,314 | 9,000 | |||||
| Investment income |
246 | 246 | 107 | ||||||
| Other income | 7 | 367,373 | 367,373 | 210,766 | |||||
| Total income | 5,030,044 | 487,809 | 3,343,663 | 8,861,516 | 9,604,647 | ||||
| Expenditure on: |
|||||||||
| Costs ofraising funds: | |||||||||
| Cost of raising voluntary income |
76,042 | 76,042 | 69,495 | ||||||
| Subsidiary trading operation |
6 | 248,379 | 248,379 | 2,312 | |||||
| Expenditure on charitable |
acti vities: | ||||||||
| Operation oftheatre and |
arts | ||||||||
| development | 8 | 4,259,027 | 98,193 | 49,249 | 4,406,469 | 687,470 | |||
| Other | 376,878 | 376,878 | 152,835 | ||||||
| Total expenditure | 4,583,448 | 475,071 | 49,249 | 5,107,768 | 912,112 | ||||
| Net income for the year | 446,596 | 12,738 | 3,294,414 | 3,753,748 | 8,692,535 | ||||
| Transfers between funds | 345,000 | (345,000) | |||||||
| Net movement in funds |
for | ||||||||
| the year before revaluation | 345,000 | 101,596 | 12,738 | 3,294,414 | 3,753,748 | 8,692,535 | |||
| Revaluation of long |
|||||||||
| leasehold property |
(16,250,568) | (16,250,568) | |||||||
| Net movement in funds |
|||||||||
| following revaluation |
345,000 | 101,596 | 12,738 | (12,956,154) | (12,496,820) | 8,692,535 | |||
| Reconciliation offunds: |
|||||||||
| Total funds brought forward | 250,000 | 453,466 | 48,109 | 22,932,151 | 23,683,726 | 14,991,191 | |||
| Total funds carried forward | "' '~ | 595,000 | 555,062 | 60,847 | 9,975,997 | 11,186,906 | 23,683,726 | ||
| The allocation between funds | in 2021 was | as follows: | Incomef | Expenditure E |
Total | ||||
| Unrestricted | 625,919 | (729,948) | {104,029) | ||||||
| Restricted -Projects |
192,089 | (182,164) | 9,925 | ||||||
| Restricted - Long Term Funds |
8,786,639 | 8,786,639 | |||||||
| Total Company | 9,604,647 | (912,112) | 8,692,535 |
| incorporating income |
an | d expe | nditure | account) | |||||
|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | funds | Restricted | funds | 2022 | 2021 | |||
| Designated | Operations | Projects | Capital | ||||||
| f | project f |
||||||||
| Income from: | |||||||||
| Donations and legacies |
55,767 | 3,343,663 | 3,399,430 | 8,786,705 | |||||
| Income from charitable activities: |
|||||||||
| Operation oftheatre and |
arts | 4,425,603 | 120,436 | 4,546,039 | 592,236 | ||||
| development | |||||||||
| Income from other tradi ng activities: | |||||||||
| Commercial trading operation |
201,114 | 201,114 | 5,833 | ||||||
| investment income |
6,934 | 6,934 | 6,225 | ||||||
| Other income | 35,000 | 367,373 | 402,373 | 210,766 | |||||
| Total income | 4,724,418 | 487,809 | 3,343,663 | 8,555,890 | 9,601,765 | ||||
| Expenditure on: |
|||||||||
| Costs ofraising funds: | |||||||||
| Cost of raising voluntary | income | 76,042 | 76,042 | 69,495 | |||||
| Expenditure on charitable |
|||||||||
| activities: | |||||||||
| Operation oftheatre and |
arts | ||||||||
| development | 4,010,924 | 98,193 | 49,249 | 4,158,366 | 687,470 | ||||
| Other | 376,878 | 376,878 | 152,835 | ||||||
| Total expenditure | 4,086,966 | 475,071 | 49,249 | 4,611,286 | 909,800 | ||||
| Net income for the year | 637,452 | 12,738 | 3,294,414 | 3,944,604 | 8,691,965 | ||||
| Transfers between funds | 345,000 | (345,000) | |||||||
| Net movement in funds |
for the | ||||||||
| year before revaluation | 345,000 | 292,452 | 12,738 | 3,294,414 | 3,944,604 | 8,691,965 | |||
| Revaluation of long |
|||||||||
| leasehold property |
(16,250,568) | (16,250,568) | |||||||
| Net movement in funds |
|||||||||
| following revaluation |
345,000 | 292,452 | 12,738 | (12,956,154) | (12,305,964} | 8,691,965 | |||
| Reconciliation offunds: |
|||||||||
| Total funds brought forward | 250,000 | 446,636 | 48,109 | 22,932,151 | 23,676,896 | 14,984,931 | |||
| Total funds carried forward | 17,18 | 595,000 | 739.088 | 60,847 | 9,975,997 | 11,370,932 | 23,676,896 | ||
| The allocation between funds | in 2021 | was as | foilows: | Incomef | Expendituref | Totalf | |||
| Unrestricted | 623,037 | (727,636) | (104,599) | ||||||
| Restricted - Projects | 192,089 | (182,164) | 9,925 | ||||||
| Restricted - Long Term Funds |
8,786,639 | 8,786,639 | |||||||
| Total Company | 9,601,765 | (909,800) | 8,691,965 |
| Note | The | Group | The Charity | The Charity | |||||
|---|---|---|---|---|---|---|---|---|---|
| 31 March 2022 | 31 March 2021 | 31 March 2022 | 31 March 2021 | ||||||
| F | f | ||||||||
| Fixed assets | |||||||||
| Tangible assets | 12a | 9,491,016 | 22,343,029 | 9,477,657 | 22,343,029 | ||||
| Investments | 12c | 5 | 5 | ||||||
| 9,491,016 | 22,343,029 | 9,477,662 | 22,343,034 | ||||||
| Current assets | |||||||||
| Inventories | 16,561 | ||||||||
| Debtors | 13 | 913,972 | 2,370,239 | 1,206,247 | 2,370,080 | ||||
| Cash at bank and | in | hand | 4,043,026 | 642,926 | 3,867,660 | 635,544 | |||
| 4,973,559 | 3,013,165 | 5,073,907 | 3,005,624 | ||||||
| Creditors: | amounts | falling | due | ||||||
| within one |
year | 14 | (3,277,669) | (1,672,468) | (3,180,637) | (1,671,762) | |||
| Net current | assets | 1,695,890 | 1,340,697 | 1,893,270 | 1,333,862 | ||||
| Net assets | 16 | 11,186,906 | 23,683,726 | 11,370,932 | 23,676,896 | ||||
| Represented by: |
|||||||||
| Operations | fund | 555,062 | 453,466 | 739,08& | 446,636 | ||||
| Designated | funds | 595,000 | 250,000 | 595,000 | 250,000 | ||||
| Total unrestricted | funds | 17 | 1,150,062 | 703,466 | 1,334,088 | 696,636 | |||
| Projects | 60,847 | 48,109 | 60,847 | 48,109 | |||||
| Long term funds | 9,975,997 | 22,932,151 | 9,975,997 | 22,932,151 | |||||
| Total restricted funds |
18 | 10,036,844 | 22,980,260 | 10,036,844 | 22,980,260 | ||||
| Total funds | 11,186,906 | 23,683,726 | 11,370,932 | 23,676,896 |
| or the year | ended 3 | 1March 202 | 2 | ||||
|---|---|---|---|---|---|---|---|
| The | Group | The | Charity | ||||
| 31 March 2022 | 31 March 2021 | 31 March 2022 | 31 March 2021 | ||||
| F | E | ||||||
| Cash provided by operating activities |
7,763,252 | 7,057,501 | 7,576,373 | 7,056,57? | |||
| Cash flows | from investing activities |
||||||
| Interest income |
246 | 107 | 246 | 107 | |||
| Purchase of tangible |
fixed assets | (4,363,398) | (8,666,749) | (4,344,503) | (8,666,749) | ||
| Cash used | in investing | activities | (4,363,152) | (8,666,642) | {4,344,257) | (8,666,642) | |
| Cash used | in financing activities |
||||||
| Increase/(decrease) | in cash in the | year | 3,400,100 | (1,609,141) | 3,232,116 | {1,610,065) | |
| Cash at the | beginning | of the year | 642,926 | 2,252,067 | 635,544 | 2,245,609 | |
| Total cash | and cash equivalents | at the | 4,043,026 | 642,926 | 3,867,660 | 635,544 | |
| end ofthe | year |
| Reconcili | ation of |
ne | t | mov | em | ent in fun |
ds to net cash | flow from ope | rating activi |
ties: | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| The | Group | The | Charity | ||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||
| E | E | ||||||||||
| Net movement in funds |
(12,496,820) | 8,692,535 | (12,305,964) | 8,691,965 | |||||||
| Add back | depreciation | charge | T1,438 | 24,546 | 65,902 | 24,546 | |||||
| Deduct interest income | shown | in | investing | ||||||||
| activities | (246) | {10?) | (246) | (107) | |||||||
| Increase | in stock | {16,561) | |||||||||
| Decrease/(increase) | in | debtors | 1,456,267 | (1,8?9,966) | 1,163,833 | (1,880,220) | |||||
| Increase | in creditors | 2,498,606 | 220,493 | 2,402,280 | 220,393 | ||||||
| Revaluation of |
long | leasehold | |||||||||
| property | 16,250,568 | 16,250,568 | |||||||||
| Net cash | provided | by | operating | activities | 7,T63,252 | 7,057,501 | 7,576,373 | 7,056,577 |
| Donati | o | ns an |
d legac | ies —an | alysis by fund |
type: | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | funds | Total | Total | |||||
| Designated | Operations | Projects | Long term | 2022 | 2021 | |||||
| E | L | |||||||||
| Public donations | 5,767 | 5,767 | 66 | |||||||
| Fundraising 8 major donations |
50,000 | 50,000 | ||||||||
| Growth | Deal | 246,000 | ||||||||
| 55,767 | 55,767 | 246,066 | ||||||||
| Capital | project | income: | ||||||||
| European | Regional | |||||||||
| Development | Fund | 306,666 | 306,666 | 750,554 | ||||||
| Arts Council England | 1,275,355 | 1,275,355 | 1,300,154 | |||||||
| Cornwall | Council | 1,940,672 | ||||||||
| Cornwall | 8 Isles | of Scilly | LEP- | |||||||
| Growth | Deal | 1,090,198 | ||||||||
| Cornwall | &Isles | of Scilly | LEP- | |||||||
| Getting | Building Fund |
684,858 | 684,858 | 820,325 | ||||||
| National | Lottery | Heritage | Fund | 446,406 | 446,406 | 857,486 | ||||
| Kickstart | via Arts | Council | 70,891 | 70,891 | 1,520,755 | |||||
| England | ||||||||||
| Trust and | Foundations | 471,115 | 471,115 | 139,500 | ||||||
| Private Donations | 88,372 | 88,372 | 120,995 | |||||||
| 3,343,663 | 3,343,663 | 8,540,639 | ||||||||
| Charity | 55,?67 | 3,343,663 | 3,399,430 | 8,786,705 |
| ncome from ch | aritable activit |
ies | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | funds | Total | Total | |||
| Designated | Operations | Projects | Long | term | 2022 | 2021 | ||
| F | F | E | ||||||
| Programme/ticket | sales | 3,499,402 | 3,499,402 | |||||
| Theatre Fund | 104,995 | 104,995 | ||||||
| Performance Hire |
5,730 | 5,730 | ||||||
| Ticketed events and workshops' | 77,384 | 120,436 | 197,820 | 42,314 | ||||
| 3,687,511 | 120,436 | 3,807,947 | 42,314 | |||||
| Core funding: | ||||||||
| Arts Council England: | ||||||||
| National Portfolio funding |
383,206 | 383,206 | 383,206 | |||||
| Cultural Recovery Fund |
182,170 | 182,170 | ||||||
| Cornwall Council: |
||||||||
| Strategic Arts grants | 166,716 | 166,716 | 166,716 | |||||
| Cornwall Council |
||||||||
| Covid Support | 6,000 | 6,000 | ||||||
| 738,092 | 738,092 | 549,922 | ||||||
| Charity | 4,425,603 | 120,436 | 4,546,039 | 592,236 |
| ommercial trading operatio |
ns | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | funds | Total | Total | ||
| Designated | Operations | Projects | Long | term | 2022 | 2021 | |
| F. | E | F | E | F | |||
| Memberships | 186,019 | 186,019 | |||||
| Gift aid receipt from HMRC | 15,095 | 'l5,095 | 5,833 | ||||
| 201,114 | 201,114 | 5,833 |
| Cornwall | Theatre | |||||
|---|---|---|---|---|---|---|
| Hall for Cornwall | Limited | Productions | Limited | |||
| 2022 | 2021 | 2022 | 2021 | |||
| E | ||||||
| Turnover | 347,314 | 9,000 | ||||
| HMRC receipt | ||||||
| Cost ofoperations | (283,379) | (2,312) | (248,105) | |||
| Net profit/(loss) | 63,935 | 6,688 | (248,105) | |||
| Gift aid donation | to parent | (6,688) | (6,118) | |||
| Balance | brought | forward | 6,832 | 6,262 | (421,188) | (421,188) |
| Retained | in the | subsidiary | 64,079 | 6,832 | (669,293) | (421,188) |
| Other income | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | funds | Total | Total | |
| Designated | Operations | Projects f |
Long term | 2022 | 2021 E |
|
| Heritage Lottery Fund— |
||||||
| Revealing City Hall |
138,953 | 138,953 | 130,109 | |||
| HMRC Job Retention Scheme |
51,572 | |||||
| Cultural Compact —Truro |
23,000 | 23,000 | 29,085 | |||
| HMRC Theatre tax refund | ||||||
| City of Culture Consultancy | 30,420 | 30,420 | ||||
| Welcome Back Fund | 175,000 | 175,000 | ||||
| Group income | ||||||
| 367,373 | 367,373 | 210,766 | ||||
| Add back subsidiary income |
||||||
| Charity Management 8 Licence |
||||||
| Fees from subsidiaries | 35,000 | 35,000 | ||||
| Charity other income | 367,373 | 402,373 | 210,766 |
| Sa | Theatre operations | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | funds | Total | Total | ||
| Designated E |
Operations E |
Projects f |
Long term | 2022 | 2021 E |
||
| Cost of Programme | 2,438,753 | 2,438,753 | |||||
| Cornwall Theatre |
|||||||
| Productions (1) | 248,103 | 248,103 | |||||
| Programme services and use |
|||||||
| of premises | 827,801 | 827,801 | 134,636 | ||||
| Support and Governance | |||||||
| costs | 493,264 | 493,264 | 370,934 | ||||
| Other costs: | |||||||
| Depreciation Non-recoverable VAT " |
16,653 72,676 |
49,249 | 65,902 72,676 |
24,546 11,305 |
|||
| Group total | 4,097,250 | 49,249 | 4,146,499 | 541,421 | |||
| Charity total (excl. 1) | 3,849,147 | 49,249 | 3,898,396 | 541,421 | |||
| Sb | Public engagement | ||||||
| HFC Youth Engagement | 68,305 | 52,695 | 121,000 | 22,842 | |||
| Talent Development Programme '* Community Club *** |
30,652 | 45,498 | 76,150 | 64,456 | |||
| Arts development | 62,820 | 62,820 | 58,751 | ||||
| Group and Charity total | 161,777 | 98,193 | 259,970 | 146,049 | |||
| Total charitable | |||||||
| expenditure —Group |
4,259,027 | 98,193 | 49,249 | 4,406,469 | 687,470 | ||
| Total charitable | |||||||
| expenditure -Charity |
4,010,924 | 98,193 | 49,249 | 4,158,366 | 687,470 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | ||||||
| Marketing, communications |
and digital engagement | 240,200 | 105,973 | |||
| Boxoffice services | 245,057 | 11,934 | ||||
| Premises and Front of |
House team | 199,064 | 16,729 | |||
| Front of House | 138,481 | |||||
| Restructure Costs |
4,999 | |||||
| Group and charity | 827,801 | 134,636 | ||||
| Analysis ofsupport costs | ||||||
| Unrestricted | Unrestricted | |||||
| 2022 | 2021f | |||||
| Finance and ITservices | 274,978 | 211,024 | ||||
| Central administration | and | Directorate | 164,081 | 121,553 | ||
| HR services | 18,726 | 6,460 | ||||
| Group and charity | 457,785 | 339,037 | ||||
| Governance costs | ||||||
| 2022 | 2021 | |||||
| F | ||||||
| Audit, accountancy | and | advisory fees | 20,515 | 14,493 | ||
| Legal and professional | fees | 11,253 | 15,289 | |||
| Trustees' expenses | 3,711 | 2,115 | ||||
| Group and charity | 35,479 | 31,897 | ||||
| Other charitable | activities | |||||
| Restricted | Restricted | |||||
| Funds | Funds | |||||
| Projects | Projects | |||||
| 2022 | 202'I | |||||
| Group and charity | ||||||
| Project costs —Revealing | City Hall | 138,965 | 130,109 | |||
| Cultural Compact Truro |
19,725 | 22,726 | ||||
| Paul Hamlyn | 12,768 | |||||
| City of Culture | 30,420 | |||||
| Welcome Back Fund | 175,000 | |||||
| 376,878 | 152,835 |
| Net inco | me for the year is stated after | charging: | |||
|---|---|---|---|---|---|
| Group | Group | Charity | Charity | ||
| 2022 | 2021 | 2022 | 2021 | ||
| f. | E | ||||
| Operating | leases | 10,112 | 11,779 | 10,112 | 11,779 |
| Depreciation | 71,438 | 24,546 | 65,902 | 24,546 | |
| Auditors' | remuneration | ||||
| Audit fees | 10,500 | 8,900 | 8,500 | 6,500 | |
| Other | 11,925 | 2,550 | 11,625 | 2,275 |
| Staff costs, t Staff costs |
rustee remuneration and expenses and |
cost ofkey management personnel |
|
|---|---|---|---|
| 2022 | 2021 | ||
| Salaries and wages | 1,095,659 | 548,495 | |
| Social security | costs | 97,731 | 52,631 |
| Pension costs | 18,461 | 11,519 | |
| Job Retention | Scheme Support | (51,572) | |
| Covid SSP Receipts | (96) | ||
| Net staff costs | 1,211,755 | 561,073 |
| The average number | ofFTEemployees during the period was: |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Theatre operations | 34.1 | 2.6 | |
| Public engagement | 5.4 | 3.8 | |
| Raising funds | 0 | 2.6 | |
| Centra! Management | and services | 8.3 | 6.3 |
| Average FTE | 4T.& | 15.3 |
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| Group | Group | Charity | Charity | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||||||||
| E | ||||||||||||
| Trade debtors | 182,951 | 96,722 | 180,546 | 95,822 | ||||||||
| Amount | due from | related companies | 295,375 | 741 | ||||||||
| Prepayments | and | accrued | income | 72,156 | 32,689 | 72,023 | 32,689 | |||||
| Other debtors | 658,302 | 2,240,828 | 658,303 | 2,240,828 | ||||||||
| 913,409 | 2,370,239 | 1,206,247 | 2,370,080 | |||||||||
| 14 | Creditors: amounts | faiiing due | within | one year | ||||||||
| Group | Group | Charity | Charity | |||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||
| E | E | |||||||||||
| Trade creditors | 918,780 | 110,670 | 862,774 | 110,670 | ||||||||
| Accruals | 947,994 | 1,465,786 | 944,468 | 1,465,080 | ||||||||
| Deferred | income | (note | 15) | 1,309,582 | 77,435 | 1,272,082 | 77,435 | |||||
| Other creditors |
including | taxation | and | social | ||||||||
| security | 101,313 | 18,577 | 101,313 | 18,577 | ||||||||
| 3,277,669 | 1,672,468 | 3,180,637 | 1,671,762 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| E | ||||||
| Balance | at 1 April 2021 | 77,435 | 9,794 | 77,435 | 9,794 | |
| Released | to incoming | resources | (77,435) | (9,794) | (77,435) | (9,794) |
| Deferred | in the year | 1,309,582 | 77,435 | 1,272,082 | 77,435 | |
| Balance | at 31 March | 2022 | 1,309,582 | 77,435 | 1,272,082 | 77,435 |
| Current | year | |||||
|---|---|---|---|---|---|---|
| Restricted | funds | Unrestricted | funds | 2022 | ||
| Projects | Long term | Designated | Operations | Total | ||
| E | F | |||||
| Tangible | assets | 9,491,016 | 9,491,016 | |||
| Current | assets | 60,847 | 873,878 | 595,000 | 3,443,834 | 4,973,559 |
| Current | liabilities | (388,897) | (2,888,772) | (3,277,669) | ||
| 60,847 | 9,975,997 | 595,000 | 555,062 | 11,186,906 | ||
| Prior year | ||||||
| Restricted | funds | Unrestricted | funds | 2021 | ||
| Projects | Long term | Designated | Operations | Total | ||
| E | E | |||||
| Tangible | assets | 22,343,029 | 22,343,029 | |||
| Current | assets | 48,109 | 1,975,179 | 250,000 | 739,877 | 3,013,165 |
| Current | liabilities | (1,386,057) | (286,411) | (1,672,468) | ||
| 48,109 | 22,932,151 | 250,000 | 453,466 | 23,683,?26 |
| Unrestricted funds |
Unrestricted funds |
|||||
|---|---|---|---|---|---|---|
| Current year | ||||||
| Balance at | Income | Expenditure | Balance at | |||
| 1 April | and | and | 31 March | |||
| 2021 | transfers | transfers | 2022 | |||
| E | ||||||
| Group | ||||||
| Unrestricted | funds: Designated | |||||
| Operational | Reserve | 250,000 | 150,000 | 400,000 | ||
| Maintenance | & Sinking | Fund Reserve | 105,000 | 105,000 | ||
| Get Creative Reserve | 40,000 | 40,000 | ||||
| Match Funding Reserve |
50,000 | 50,000 | ||||
| Unrestricted | funds: Operations | |||||
| Operations | fund | 453,466 | 5,030,044 | (4,928,448) | 555,062 | |
| Total unrestricted funds |
703,466 | 5,375,044 | (4,928,448) | 1,150,062 | ||
| Charity | ||||||
| Unrestricted | funds: Designated | |||||
| Operational | Reserve | 250,000 | 150,000 | 400,000 | ||
| Maintenance | &Sinking | Fund Reserve | 105,000 | 105,000 | ||
| Get Creative | Reserve | 40,000 | 40,000 | |||
| Match Funding Reserve |
50,000 | 50,000 | ||||
| Unrestricted | funds: Operations | |||||
| Operations fund |
446,636 | 4,724,418 | (4,431,966) | ?39,088 | ||
| Total unrestricted funds |
696,636 | 5,069,418 | (4,431,966) | 1,334,088 |
| Prior year | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Balance at | ||||
| 1 April | and | and | 31 March | ||||
| 2020 | transfers | transfers | 2021 | ||||
| E | |||||||
| Group | |||||||
| Unrestricted | funds: Designated | ||||||
| Operational | Reserve | 250,000 | 250,000 | ||||
| Unrestricted | funds: Operations | ||||||
| Operations | fund | 563,328 | 625,919 | (735,781) | 453,466 | ||
| Total unrestricted | funds | 813,328 | 625,919 | (735,781) | 703,466 | ||
| Charity | |||||||
| Unrestricted | funds: Designated | ||||||
| Operational | Reserve | 250,000 | 250,000 | ||||
| Unrestricted | funds: Operations | ||||||
| Operations | fund | 557,068 | 623,037 | (733,469) | 446,636 | ||
| Total unrestricted | funds | 807,068 | 623,037 | (733,469) | 696,636 |
| Unrestricted | funds | Restricted | funds | Period ended | ||||
|---|---|---|---|---|---|---|---|---|
| Designated | Operations | projects | Long | term | 31 March 2021 | |||
| capital | ||||||||
| E | project f |
|||||||
| Income from: | ||||||||
| Donations and legacies |
66 | 8,786,639 | 8,786,705 | |||||
| Operation oftheatre and |
arts development | |||||||
| 559,341 | 32,895 | 592,236 | ||||||
| Commercial trading operation |
5,833 | 5,833 | ||||||
| Subsidiary trading |
operation | 9,000 | 9,000 | |||||
| Investment income |
107 | 107 | ||||||
| Other income | 51,572 | 159,194 | 210,766 | |||||
| Total income | 625,919 | 192,089 | 8,786,639 | 9,604,647 | ||||
| Expenditure on: |
||||||||
| Costs ofraising funds: | ||||||||
| Cost of raising voluntary | income | 69,495 | 69,495 | |||||
| Subsidiary trading |
operation | 2,312 | 2,312 | |||||
| Expenditure on charitable |
activities: | |||||||
| Operation oftheatre and |
arts development | |||||||
| 658,141 | 29,329 | 687,470 | ||||||
| Other | 152,835 | 152,835 | ||||||
| Total expenditure | 729,948 | 182,164 | 912,112 | |||||
| Net (expenditure)/income | for the period | |||||||
| (104,029) | 9,925 | 8,786,639 | 8,692,535 | |||||
| Transfers between | funds | (5,833) | 5,833 | |||||
| Net movement in |
funds | for the period | ||||||
| (109,862) | 9,925 | 8,792,472 | 8,692,535 | |||||
| Reconciliation of |
funds: | |||||||
| Total funds brought | forward | 250,000 | 563,328 | 38,184 | 14,139,679 | 14,991,191 | ||
| Total funds carried forward | 250,000 | 453,466 | 48,109 | 22,932,151 | 23,683,726 |