HALL .foi"LOIINIVALL HALL FOR CORNWALL TRUST (Limiled by Guarantee) Trustees, Annual Report and Financial Statements For the year ended 31 March 2023 CompanyRegiStratiOn Number_ 031011543 Charity Regisiration Number 1053028 ## TRUSTEES ANNUAL IIEPORT The trustees present their annual report and audited financial statements for the year ended 31 March 2023 which are prepared to meet statutory reporting and diKiosure requirements. The Financial Statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of AsSOClation, and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing Financial Slalements n accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 effective date l January 2019. HALLFOACORtIwlLLTrusfiLlTh￿l4dtyG￿ir￿rrtCeI￿P￿IR*ptyI4mkc(￿th-Y4aF￿￿Ed11m1T¢h2ozJ 04 ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Unrestricted|Funds|Restricted Funds|Restricted Funds|Yearended|Yearended| |---|---|---|---|---|---|---|---|---| |||Designated|Operations||Projects|Long term|31march|31March| |||||||capttalproject|2023|2022| ||ftdtd||||E|E|1|E| |Income From:||||||||| |Donations and legacies|3|||42.310||17,137|59,447|3,399,430| |Income from chantabie
activities||||||||| |Operation ot theatre and
arts development||||5,778,426|53,087||5,831,513|4,546,039| |income fram other tradhng activities||||||||| |Commercial
trading operation||||217757|||217,757|201114| |Subsidiary
trading operation||||754,508|||754,508|347,314| |Investment
income||||17,088|||17,088|246| |Other income||||5,607|148,604||154,212|367,373| |Total Income||||6,815,696|201,691|17,137|7,034,525|8,861,516| |Expenditure on:||||||||| |Costs ofraising funds'||||||||| |Cost of raising voluntary
income||||13,201|||13,201|76.042| |Subsidiary
trading operation||||552,200|||552,200|248,379| |Expenditure
an charitable
activities||||||||| |Operation oftheatre and arts
development|8|||6,270,556|32,563|1,183.698|7,486,817|4,406,469| |Other|ai||||158,707||158,707|376,878| |Total Expenditure||||6,835,957|191,270|1.183.698|8,210,925|5,107768| |Net (expenditure)/income
fortheyear||||(20,260)|10,421|(1,166,560)|(1,176,400)|3,753,748| |Transfers between
funds||||13,752|(13,752)|||| |Net movement
in funds forthe
year before revaluation||||(6.508)|l3,331)|(1.166.560)|(1,176,400)|3.753,748| |Revaluation oflong
leasehold property||||||||(16,250,5681| |Net movement
in funds
following revaluation||||(6,508)|i3,331)|(1.166.560)|(1,176,400)|i12496,820)| |Reconciliation ofFunds||||||||| |Total Funds Brought Forward||595.000||555,062|60,847|9,975,997|11,186,906|23,683,725| |Total Funds carried forward|1738|595,000||548,554|57,516|8,809,437|10,010,506|11,186,906| |The ailocatton between
funds
tn 2022was||as toilows|||Income|Expenditure||Totat| ||||||E||E|E| |Unrestricted|||||5,375,044|(4,928,448)||446.596| |Restricted
- Praiects|||||487.809|(475,071)||12,738| |Restricted
- Long Term Funds|||||3,343,663|(16,299.817)||(12,956,154)| |Total Company|||||9,206,516|(21,703.366)||(12,496,820)| ## ||||Unrestricted|Unrestricted|Funds|Restricted Funds|Restricted Funds||| |---|---|---|---|---|---|---|---|---|---| ||||Designated|Operations||Projects|Capital prelect|2023|2022| |||Note||E|E|E|E|E|E| ||Income From:||||||||| ||Donations
and legacies|3|||42.310||17,137|59,447|3,399.430| |Income|from charitable
activities:||||||||| ||Operation
oftheatre and
arts development||||5,778,426|53.087||5,831,513|4,546.039| |Income from other trading actiwtles|||||||||| |Commeroal
trading operation|||||217,757|||217,757|201,114| ||Investment
income||||81.024|||81,024|6,934| ||Other income||||112,107|148.604||260,712|402,373| ||Total Income||||6,231,625|201,691|17,137|6,450,454|8,555,890| ||Expenditure
on.||||||||| ||Cost ofraising funds||||||||| |Cost of raising voluntary
income|||||13,201|||13,201|76,042| |Expenditure
on chantabie
activities|||||||||| |Operation oftheatre and arts
development||8|||6,270,556|32.563|1.183,698|7486,817|4.158,366| ||Other|ef||||158,707||158.707|376,878| ||Total Expenditure||||6,283,757|191,270|1.183.698|7,658,725|4,611,286| |Net (expenditure)/income
forthe year|||||(52,132)|10,421|(1,166.560)|(1,208,271)|3944,604| ||Transfers between
funds||||13.752|(13,752)|||| |Net movement
in funds forthe
year before revaluation|||||i38.380)|(3,331)|(1.166.560l|(1.208,271)|3,944.604| ||Revaluation oflong
leasehold property||||||||(16.250,568)| ||Net movement
in funds
following revaluation||||i38.380)|i3,331)|(1,166,560)|(1,208,271)|(12,305,964)| ||Reconciliation ofFunds||||||||| |Total Funds Brought Forward|||595,000||739.088|60,847|9,975,997|11,370.932|23,676,896| |Total Funds carried forward||17,18|595,000||700,708|57,516|8,809,437|10,162.660|11,370.932| |The allocation between
funds
in 2022 was|||as fotlows|||Income|Expenditure||Total| |||||||E||E|E| |Unrestricted||||||5,069.418|(4,431,966)||637,452| |Restricted|—Projects|||||487,809|i475,071)||12,738| |Restncted|—Long Term Funds|||||3.343,663|(16,299,817)||(12,956,154)| |Total Company||||||8,900,890|(21,206,854)||(12,305,964)| ## ## ||||||The|Group|The Charity|The Charity| |---|---|---|---|---|---|---|---|---| ||||||31March|31March|31March|31March| ||||||2023|2022|2023|2022| |||||Note|E|E|E|E| |Fixed assets||||||||| |Tangible assets||||12a|9,132,652|9,491,016|9,123,181|9,477,657| |Investments||||12c|||5|5| ||||||9,132,652|9,491,016|9,123.186|9,477,662| |Current assets||||||||| |Inventories|||||7,559|16,561||| |Debtors|||||738,980|913,972|1,106,949|1,206,247| |Cash at bank and||in hand|||4,316,466|4,043,026|4,069,304|3,867,660| ||||||5,063,005|4,973,559|5,176,253|5,073,907| |Creditors:
due within|amounts
one year||falling|14|(4,185,151)|(3,277,669)|(4,136,778)|(3,180,637)| |Net current|assets||||877,854|1,695,890|1,039.474|1,893,270| |Net assets||||16|10,010,506|11,186,906|10,162,660|11,370,932| |Represented
by."||||||||| |Operations|fund||||548,554|555,062|700,708|739.088| |Designated|funds||||595,000|595,000|595,000|595,000| |Total unrestricted||funds||17|1,143,554|1,150,062|1,295,708|1,334,088| |Pro)ects|||||57,516|60,847|57,516|60,847| |Long term funds|||||8,809,437|9,975,997|8,809,437|9,975,997| |Total restricted
funds||||18|8,866,952|10,036,844|8,866,952|10,036,844| |Total funds|||||10,010,506|11,186,906|10,162,660|11,370,932| ## ||The|Group|The Charity|The Charity| |---|---|---|---|---| ||31March|31March|31March|31March| ||2023|2022|2023|2022| ||E|E|E|E| |Cash flows from operating activities|174,453|7,763,252|203,363|7,576373| |Cash flows from investing activities||||| |Interest tncome|17,088|246|17,088|246| |Purchase oftangible
fixed assets|(18,024)|(4,363,398)|(18,812)|(4,344,503)| |Cash used in investing
activities|(1,116)|i4,363,152)|(1,724)|(4,344,2571| |Cash used in financing activities|100,000|||| |Increase/(decrease)
in cash in the year|273,337|3,400,100|201,639|3,232,116| |Cash at the beginning
ofthe year|4,043,026|642,926|3,867,660|635,544| |Total cash and cash equivalents
atthe end ofthe year|4,316,363|4,043,026|4,069,299|3,867,660| ## ## |Reconciliation|of|net m|ovement|in funds|to net cash f|low from opera|ting
activities:|| |---|---|---|---|---|---|---|---|---| |||||||The Group|The|Charity| ||||||2023|2022|2023|2022| ||||||E|E|E|E| |Net movement
in funds|||||(1,176,400)|I12,496,820)|(1,208,272)|(12,305,964)| |Add back depreciation||charge|||376,568|71,438|373,284|65,902| |Deduct interest income||shown|in investing|activities|(17,088)|(246)|(17,088)|(246)| |Increase in stock|||||9,002|(16,56211||| |Decrease/(increase)|in debtors||||174,992|1,456,267|99,298|1,163,833| |increase
in creditors|||||807,379|2,498,606|956,141|2,402,280| |Revaluation
oflong|leasehold||property|||16,250,568||16,250,568| |Net cash provided
by
atthe end ofthe year||operating activities|||174,453|7,763,252|203,363|7,576,373| ## ## ## ## ## ## ## ## ## |straight
line basis as follo|ws:| |---|---| |Assets
in the course|| |ofcoI13'tructloll|Nil| |Improvements
to|2% per annum of| |leasehold
property|period oflease ifshorter| |Plant and machinery|5%-20%perannum| |Musical instruments|5%per annum| |Computer
equipment|33% —100%per annum| |Computer
software|20%per annum| |Office equipment|10%per annum| ## ## ## ## ## ## |3.Don|ations|a|nd legacies —a|nalysis by fu|nd ty|pe:||||| |---|---|---|---|---|---|---|---|---|---|---| |||||Unrestricted|Funds||Restricted|Funds|Total|Total| |||||Designated|Operations||Proiects|Long term|2023|2022| |||||E||E|E|E||| ||||Public donations|||25|||25|5,767| ||Fun drasing||8maior donations|||||||50,000| ||||Legacies||42,|285|||42,205|| ||||||42,|310|||42,310|55,767| ||Capital project income:|||||||||| |European|Regional||Development
Fund|||||||306,666| |||Arts Council England||||||||1,275,355| ||Cornwall
& Isles of Bcilly LEP
—Getting
Building
Fund|||||||||684,858| |National||Lottery Heritage
Fund||||||||446,406| |Ktckstart wa Arts Counal England||||||||||70,891| |||Trust and Foundations||||||||471,115| ||||Pnvate Donations|||||17,137|17,137|88.372| |||||||||17,137|17,137|3.343,663| ||||Charity||42.310|||17.137|50,447|3,399,430| ## ## |||Unrestricted|Funds|Restricted|Funds|Total|Total| |---|---|---|---|---|---|---|---| |||Designated|Operations|Projects|Long term|2023|2022| |||E|E|E|E||| |Programme/ticket
sales|||4,788,499|||4,788,499|3,499,402| |Theatre Fund|||269.284|||269,284|104,995| |Performance
Hire|||104,720|||104,720|5.730| |Ticketed events and workshops*|||103,879|53,087||156,966|197.820| ||||5,266,382|53,087||5,319,469|3,807947| |Core|funding:||||||| |Arts Council|England||||||| |National Port/olio|/unding||383,359|||383,359|383,206| |Cultural
Recovery Fund|||||||182,170| |Cornwail Counol
Strategic Arts grants|||128,685|||128,685|166.716| |Cornwall|Coun cii||||||| |Covid|Support||||||6,000| ||||512,044|||512,044|738,092| ||Charity||5,778,426|53,087||5,831,513|4,546,039| ## ## |||Unrestricted|Funds|Restricted|Funds||Total|Total| |---|---|---|---|---|---|---|---|---| |||Designated|Operations|Protects|Long|term|2023|2022| |||E|E|E||E||| ||Memberships||189,595||||189,595|186,019| |Gift|aid receipt from HMRC||17,433||||17,433|15,095| ||Letting ofWorkspace||10,729||||10,729|| ||||217,757||||217,757|201.114| ## ## |iary tr|ading|operations|||||| |---|---|---|---|---|---|---|---| ||||Hall for Cornwall||Cornwall|Theatre|| ||||Limited||Productions|Limited|| ||||31March|31March|31 March|31|March .| ||||2023|2022|2023||2022| ||||E|E|E||E| |||Turnover|714,811|347,314|39,697||| ||HMRC receipt||||(30)||| ||Cost ofoperations||658,669|(283,379)||(248,105)|| ||Net profit/(toss)||56,142|63,935|39,667|(248,105)|| |Gift aid donation||to parent|(63,936)|(6,688)|||| |Balance|brought|forward|64,079|6,832|(669,293)|(421,188)|| |Retained|in the subsidiary||56,285|64,079|(629,626)|(669,293)|| |||on a l|ine-by-line
basi|s in the Grou|p finanoal sta|tements| |---|---|---|---|---|---|---| ||unrestricted|Funds|Restdcted|Funds|Total|Total| ||Designated|Operattons|Projects|Long term|2023|2022| ||E|E|E|E|E|E| |7.Other inctjr)st(cage
Lottery Fund
—Revealing
City Hall|||46.441||46,441|138,953| |HMRC Job Retention Scheme||||||| |Cultural Compact
—Truro|||11,248||11,248|23,000| |HMRC Theatre tax re/und||||||| |City ofCulture Consultancy||||||30.420| |Welcome Back Fund||||||175.000| |Community
Club SPF|||39,030||39,030|| |Kneehigh
Charity Successor|||51,885||51,885|| |Sundry other income||5.607|||5,607|| |Group income||5,607|148,604||154,212|367,373| |Add back subsidiary
income||||||| |Charity Management
6
Licence Fees from subsidiaries||106,500|||106,500|35,000| |Charity other income||112,107|148,604||260,712|402,373| ## ## ## |heatre operations|||||||| |---|---|---|---|---|---|---|---| ||Unrestricted||Funds|Restricted|Funds|Total|Total| ||Designated|Operations||Projects|Long term|2023|2022| |||E|E|E|E|E|E| |Cost of Programme|||3,804,753|||3,804,753|2,438,753| |Cornwall Theatre Productions
(1j|||||||248,103| |Programme
services and use
of premises|||1,314,246|||1,314,246|827,801| |Support and Governance
costs|||660,083|||660,083|493.264| |Othercostst|||||||| |Capital Costs in Year|||||828,937|828,937|| |Cost of Living Payments|||28,145|||28,145|| |Depreciation|||18,524||354.761|373,285|65,902| |Non-recoverable
VAT *|||121,704|||121,704|72,676| |Group total|||5,947,456||1,183.698|yc131,254|4,146.499| |Charity total (excl.1)|||5,947.456||1,183,698|7,131,254|3,898,396| ## |||Unrestricted|Funds|Restricted|Funds||Total|Total| |---|---|---|---|---|---|---|---|---| |||Designated|Operations|Projects|Long|term|2023|2022| |||E|E|E||E|E|E| ||HfC Youth Engagement||153,307|32,563|||185,870|121,000| |Talent|Development
Programme**||70,949||||70.949|76.150| ||Community
Club ***|||||||| ||Arts development||97,155||||97.155|62,820| ||Hentage||1,689||||1,689|| ||Group and Charity total||323,100|32.563|||355,663|259.970| ||Totalcharitable
expenditure
—Group||6.270,556|32,563|1.183,698||7,486,817|4,406,469| ||Total charitable
expenditure
-Charity||6.270,556|32,563|1,183,698||7,486,817|4,158,366| ## |haritab|le ac|tivities —Res|tricted
Funds|||| |---|---|---|---|---|---|---| ||||||Projects|Projects| ||||||2023|2022| ||||||E|E| ||||Group and charity|||| |||Project costs|—Revealing
City Hall||83,092|138,965| |||Cultural Compact||Truro|19,352|19,725| ||||Paul Hamlyn||5,099|12.768| ||||City of Culture|||30.420| ||||Welcome Back|Fund||175,000| |||Project Costs —Development||Fund|12,768|| |project|Costs|—SpF Levelling|Up Community|Club|39,396|| ||||||158,707|376,878| ## ## ## ## |||2023|2022| |---|---|---|---| |||6|E| ||Satanas and wages|2,640,951|1.095.659| ||Sooal secunty costs|150,611|97.731| ||Pension costs|30,071|18461| |Job|Retention Scheme Support||| ||Covid SSP Receipts||(96)| ||Net staff costs|3,02L633|1,211,755| ## ## |||Yearandad|Yearended| |---|---|---|---| |||31March|31March| |||2023|2022| |||E|E| |E90.001|—E100.000||| |E100.001|—E110,000||| ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||||5|E| |Employee|benefits|ofkey|management|personnel|492,505|460,668| ## ||The average monthly|head count|during the year was 92||| |---|---|---|---|---|---| |The|average number of FTE|employees|during the period was||| |||||2023|2022| ||||Theatre operations|37|34 1| ||||Public engagement|4.4|54| ||||Raising funds||| |||Central Management
and services|||8.3| ||||Average
FTE|50.4|478| |5
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5| ## ## ## ## |||||Group|Group|Charity|Charity| |---|---|---|---|---|---|---|---| |||||2023|2022|2023|2022| |||||E|E|E|E| ||||Trade debtors|94,151|182,951|78,628|180,546| |Amount|due from group||undertakings|||383,491|295,375| |Prepayments||and accrued income||100,278|72,156|100,278|72,023| ||||Other debtors|544,551|658,302|544,551|658,303| |||||738,980|913,409|1,106,949|1,206,247| |14.Credit|ors: amounts||falling due within one year and beyond one|||year|| |||||Group|Group|Charity|Charity| |||||2023|2022|2023|2022| |||||5|E|5|E| ||||Trade creditors|276,565|918,780|248,425|862,774| ||||Accruals|437,930|947,994|425,053|944,468| ||Deferred income (note 15)|||3,187,224|1,309,582|3,179,867|1,272,082| |Deferred income (note 15l beyond one year||||56,127||56,127|| |Other creditors including
taxation
and social security||||127,305|101,313|127,305|101,313| |Cornwall||Counal|Revolwng
Loan|100,000||100,000|| |||||4,185,151|3,277,669|4,136,778|3,180,637| ## ## ## |||Group|Group|Charity|Charity| |---|---|---|---|---|---| |||2023|2022|2023|2022| |||E|E|E|E| |Balance at1Apnl2022||1,309,582|77,435|1,272,082|77,435| |Released to incoming|resources|(1,309,582)|(77,435)|(1,272,082)|(77,435l| |Deferred|in the year|3,243,351|1,309,582|3,235,994|1,272,082| |Balance at31|March 2023|3,243,351|1,309,582|3,235,994|1,272,082| ## ## |||Restricted|Funds|Unrestricted|Funds|2023| |---|---|---|---|---|---|---| |||Projects|Long term|Designated|Operations|Total| |||E|E|E|E|6| |Tangible assets|||8,676,123|||8,676,123| |Current assets||57,516|432,318|595,000|4,435,344|5,520,177| |Current|liabilities||(299,004)||(3,886,7891|(4,185,793)| |||57,516|8,809,437|595,000|548,554|10,010,506| ## |||Restricted|Funds|Unrestricted|Funds|2022| |---|---|---|---|---|---|---| |||Proiects|Long term|Designated|Operations|Total| |||E|E|E|E|E| |Tangible assets|||9,491,016|||9,491,016| |Current assets||60,847|873,878|595,000|3.443,834|4,973,559| |Current|liabibties||(388.897)||(2,888,772)|(3,277,669)| |||60,847|9,975,997|595,000|555,062|11,186,906| ## ## |||||Balance at|income|Expenditure|aaiance at| |---|---|---|---|---|---|---|---| |||||1april|and|and|31March| |||||2022|transfers|transfers|2023| |||||E|E|E|5| |Group|||||||| |Unrestricted||funds: Designated|||||| |||Operational|Reserve|400,000|||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||555,062|6,829,449|i6,835,957)|548,554| |Total||unrestricted|funds|1,150,062|6,829,449|)6,835,957)|1,143,554| |Charity|||||||| |Unrestricted||funds: Designated|||||| |||Operational|Reserve|400,000|||400,000| |Matntenance|6 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||739,088|6,245,377|)6,283,757)|700,708| |Total||unrestricted|funds|1,334,088|6,245,377|(6,283,757)|1,295,708| ## |Prior|year|||||||| |---|---|---|---|---|---|---|---|---| ||||||Balance at|Income|Expendtture|Balance at| ||||||1April|and|and|31March| ||||||2021|transfers|transfers|2022| ||||||E|E|E|6| |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||fr 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)|739,088| ||Total||unrestricted|funds|696,636|5,069,418|(4,431,966)|1,334,088| ## ## ## ## |||||||||Balance at|Balance at||Income||Expenditure|Expenditure|Balance|Balance|at| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||1Apnl||and|||and|31March||| ||||||||||2021||transfers|||transfers||2022|| ||||||||||E||E|||E|||5| |||||Group and charity|||||||||||||| ||Restricted funds: Projects||||||||||||||||| ||||Commissioning
Fund||||||11,768|||||||11,768|| |Paul Hamlyn,
Community
Club|||||||||26,413|||||(12,768)||13,645|| |||||Other small funds|||||3,566||120,436|||(98,193)||25,809|| |National||Lottery Heritage
Fund
(Revealing
City Hall)|||||||||138,953|||i138,965)|||(9)| |||||Cultural Compact|||||6.359||23,000|||(19,725)||9,634|| ||||Welcome Back Fund||||||||175,000|||(175,000)|||| |||||City of Culture|||||||30,420|||(30,420)|||| ||||||||||48,109||487,809|||(475,071l||60,847|| |Restricted||||Funds: Long term|||||||||||||| ||Property|||Trust Capital Fund||||2,580,000|||||||2,580,000||| |Hall for|Cornwall|||Development
Fund||||20,106,151||3,343,663|||||23,449,814||| |||||Growth Deal 3||||246,000||||||(49,249)||196,751|| |||||||||22,932,151||3,343,663||||(49,249)|26,226,565||| |||Total restricted funds||||||22,980,260|||3,831,472|||(524,320)|26,287,412||| |.Free|Reserves —Group||||||||||||||||| |funds held on||31March 2023, E548,554|||were|||||As the HfC Development|||Fund (at31March 2023)|||and|| |estricted|and|undesignated
funds as disclosed||||||in note||the Growth Deal 3||Fund|relate to assets that have|||been|| |Free reserves are|||that part ofthe charity's|||unrestricted||||deducted|in arriving|at the free reserves above, these|||||| |s that|are freely||available to spend on any of|||||the||funds have not been included||||in the analysis above|||| |ity's purposes||At 31March 2023,the charity's||||||free|||||||||| |rves, after designations,
were in surplus|||||by||E225,338.||||||||||| |||||||||||||2023|||2022||| |||||Total Funds||||at31March|||10,010,506||||11,186,906||| |||||Less HfC Development|||||Asset||(7,350,000)|||l7500.000l|||| |||||Less HfC Development||||FF&EAssets|||(1.594,488)|||(1.750,000l|||| |||||Less Growth|||Deal 3||Assets||(147,746)||||i196,994)||| |||||Less Other Fixed|||||Assets||(40,418)||||(44,022)||| |||||Less Restricted||Proiect|||Grants||(57,516)||||(60.8471||| |||||Less Designated|||||Funds||(595,000)||||(595.000)||| |||||Less HfC Development|||Fund Balance||||||||(529,246)||| ||||||||||||225,338||||510,797||| ## ## ## ## ## ## ## ## ## ## |25.Prior year statement offinan|cial|activities||||| |---|---|---|---|---|---|---| |||Unrestricted|Funds|Restricted Funds||Yearended| |||Designated|Operattons|Projects|Long term|31March| ||||||capital project|2022| ||Note|||E|E|E| |Income From:||||||| |Donations and legacies|3||55,767||3,343,663|3,399,430| |income from chantable
acttvities:||||||| |Operation oftheatre and
arts development|||4,425,603|120,436||4,546,039| |income from other trading
activities||||||| |Commeraal
trading operation|||201,114|||201,114| |Subsidiary
trading operation|||347,314|||347,314| |Investment
income|||246|||246| |Other income|7|||367.373||367,373| |Tote(Income|||5,030,044|487,809|3,343.663|8,861,516| |Expenditure on:||||||| |Costs ofraising funds||||||| |Cost of raising voluntary
income|||76.042|||76,042| |Subsidiary
trading operation|6||248,379|||248,379| |Expenditure
on chantable
activities||||||| |Operation oftheatre and arts development|||4.259,027|98,193|49.249|4,406,469| |Other||||376.878||376,878| |TotalExpenditure|||4,583,448|475,071|49,249|5,107,768| |Net(expenditure)/income
forthe year|9||446.596|12,738|3,294,414|3,753,748| |Transfers between
funds||345.000|l345,000)|||| |Net movement
in funds forthe
year before revaluation||345.000|101.596|12.738|3,294,414|3,753,748| |Revaluation oflong leasehold property|||||(16,250,5681|(16,250,568)| |Net movement
in funds
foaowingrevaluation||345.000|101,596|12,738|l12,956.154)|(12,496,820)| |Reconciliation ofFunds||||||| |Total Funds Brought Forward||250.000|453,466|48,109|22,932,151|23,683.726| |Total Funds carried forward|17.18|595,000|555,062|60,847|9,975,997|1L186,906|