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2022-06-30-accounts

PAGE
Trustees'
annual
report (incorporating		 the director's report)
Independent
examiner's
report		 to the Trustees
Statement offinancial activities (including
income and expenditure
account)
Statement offinancial
position
Notes to the financial statements 10
The following
pages do not form part		 ofthe financial statements
Detailed statement
offinancial		 activities 20
Notes to the detailed statement of financial activities 22

Risk Category Principal
Risks		 Mitigation Risk Trend Inherent
Risk
External The forced closure ofthe The Charity
has built up		 No Change High
Theatre for an reserves which provide a
unspecified
period due to		 short-term
buffer, but in a
a pandemic,
leads to a		 longer term pandemic the
decline
in the Charity's		 Charity would
again rely
financial
performance		 on government
support.
and position.

External The Theatre The Theatre The Theatre becomes an becomes an becomes an The Charity's
Council		 Increasing Medium
unattractive venue for monitors the level and
audiences and/or hirers. profitability
ofthird-party
hires.
A project has been
initiated to raise the funds
to modernise
the facilities.
The Charity aims to
prevent audience
decline
by presenting
a balance
programme
oftheatrical
and musical performances
which appeal to a wide
cross section of the
community.
External Competitive disadvantage The Charity's
Council		 Increasing Medium
as a result ofthe monitors
local
development of developments.
A
alternative venues. member of Council is
involved
with the local
organisations
discussing
these matters
Financial Insufficient funds to cover The Council receives No Change Low
ongoing operating costs. monthly
reports of
income, expenditure
and
financial
position.
All
potential
major spend
is
reviewed
and approved
by
Council
in advance.
Financial Condition and age ofthe The building's
structure
is		 No Change Low
property results
in		 an monitored
with
unaffordable major maintenance
carried out
repair. as required.
Inability to operate the Council maintains
a de-
Theatre due to significant minimis
level offinancial
fire or water damage reserves to cover such
making the property eventualities.
unusable. An insurance
policy is
maintained
and there are
third party reviews ofthe
building's
fire protection
equipment
with action
being taken where
necessary.
Technological A cyber or data security Policies and procedures Increasing Medium
issue causes a loss of are in place covering the
funds or a third-party storage of, access to and
claim. use of data and resources.

Operational Failure to attract new attract new attract new Regular membership Increasing Medium
members or people to drives are undertaken
run the Theatre or sit on offering people a range of
Council. activities with which to
become involved.
Members are encouraged
to join Council annually at
the AGM, with individuals
approached
when
it is
thought
they may have
something
to offer.
Operational A significant health and Health
and safety and		 No Change Low
safety related claim due child protection
policies
to injury to an employee are in place and available
or member ofthe public to all members
of the
whilst on the premises. Charity.
The building
is regularly
surveyed
for potential
issues that could cause an
accident or health
issue
with action being taken
where necessary.

REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Penrith
Players Theatre
Charity registration number 1054768
Company registration number 03167924
Principal office and registered The Playhouse
office Auction
Mart Lane
Penrith
Cumbria
CA117JG
THE TRUSTEES
Mr A P Hargreaves
Mr J Rostron
Mr RABird
Mr
I D Baker
Mr M J Collingwood
Mrs L M Hodson
Mrs E JJohnson
Mrs A C Rostron (Resigned 18February 2022)
Mrs N M Binder
COMPANY SECRETARY Mr J Rostron
INDEPENDENT EXAMINER Andrew
Liddle
4 Mason Court
Gillan Way
Penrith 40 Business Park
Penrith
Cumbria
CA11 9GR

2022 2021 2021
Unrestricted Endowment
funds funds Total funds Tota I funds
Note f E f E
Income and endowments
Donations
and legacies		 2,905 2,905 21,392
Other trading
activities		 28,517 28,517 1,737
Investment
income		 9 9 12
Total income 31,431 31,431 23,141
Expenditure
Expenditure
on charitable		 activities 32,108 1,829 33,937 34,456
Total expenditure 32,108 1,829 33,937 34,456
Net expenditure
and net		 movement in funds (677) (1,829) (2,506) (11,315)
Reconciliation
offunds
Total funds brought
forward		 152,026 25,237 177,263 188,578
Total funds carried forward 151,349 23,408 174,757 177,263

Freehold Property Straight line over 50years (endowment funds only)
Furniture 5 Fittings Straight line over 5to 7years
Technical Equipment Straight line over 10years
Central Heating System Straight line over 10to 20years

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f f f f
DONATIONS
Donations 14
GRANTS
Government grant income 2,891 2,891 21,392 21,392
2,905 2,905 21,392 21,392

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
E f E E
Programme sales 44 44
Play and music receipts 13,543 13,543 621 621
Sponsorship income 600 600
Bar sales 8,668 8,668 468 468
Subscriptions and fundraising 2,286 2,286 548 548
Premises
hire		 3,356 3,356 100 100
Costume
hire		 20 20
28,517 28,517 1,737 1,737
7. INVESTMENT INCOME
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
E E E E
Bank interest receivable 9 9 12 12
8. EXPENDITURE ON CHARITABLE ACTIVITIES BYACTIVITY TYPE
Activities
undertaken Total funds Total funds
directly Support costs 2022 2021
E E E E
Theatre
running		 expenses 32,812 32,812 33,305
Governance costs 1,125 1,125 1,151
32,812 1,125 33,937 34,456
9. NET EXPENDITURE
Net expenditure is stated after charging/(crediting):
2022 2021
E E
Depreciation oftangible fixed assets 4,794 4,852
10. INDEPENDENT EXAMINATION FEES
2022 2021
E E
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 1,110 1,145

Central
Freehold Furniture
&		 Technical heating
property fittings equipment system Total
E E E E E
Cost
At 1July 2021and
30June 2022 161,406 68,792 56,375 22,986 309,559
Depreciation
At 1July 2021 61,442 60,688 55,294 21,300 198,724
Charge for the year 930 2,398 621 845 4,794
At 30June 2022 62,372 63,086 55,915 22,145 203,518
Carrying
amount
At 30June 2022 99,034 5,706 460 841 106,041
At 30June 2021 99,964 8,104 1,081 1,686 110,835

14. STOCKS
2022 2021
E E
Raw materials and consumables 1,635
15. DEBTORS
2022 2021
E E
Trade debtors 230
Prepayments and accrued income 5,063 2,883
Other debtors 1,237 679
6,530 3,562
16. CREDITORS: amounts falling due within one year
2022 2021
f E
Accruals and deferred income 3,490 12,160
17. GOVERNMENT GRANTS
The amounts recognised in the financial statements for government grants are as follows:
2022 2021
E E
Recognised in income from donations and legacies:
Government grants income 2,891 21,392

Unrestric ted funds
At
At 1July 2021 Income Expenditure 30June 2022
f f f f
General funds 152,026 31,431 (32,108) 151,349
At
At 1July 2020
f		 Income
f		 Expenditure
f		 30June 2021
f
General funds 161,512 23,141 (32,627) 152,026
Endowment funds
At
At 1July 2021
f		 Income
f		 Expenditure
f		 30June 2022
f
Endowment Fund
25,237 (1,829) 23,408
25,237 (1,829) 23,408
At
At 1July 2020
f		 Income
f		 Expenditure
f		 30June 2021
f
Endowment Fund 27,066 (1,829) 25,237
27,066 (1,829) 25,237

Unrestricted Endowment Total Funds
Funds Funds 2022
E f E
Tangible fixed assets 82,633 23,408 106,041
Current assets 72,206 72,206
Creditors less than 1year (3,490) (3,490)
Net assets 151,349 23,408 174,757
Unrestricted Endowment Total Funds
Funds Funds 2021
E E E
Tangible fixed assets 85,598 25,237 110,835
Current assets 78,588 78,588
Creditors less than 1year (12,160) (12,160)
Net assets 152,026 25,237 177,263

2022 2021
f E
Income and endowments
Donations
and legacies
Donations 14
Government grant income 2,891 21,392
2,905 21,392
Other trading activities
Programme
sales		 44
Play and music receipts 13,543 621
Sponsorship income 600
Bar sales 8,668 468
Subscriptions and fundraising 2,286 548
Premises
hire		 3,356 100
Costume
hire		 20
28,517 1,737
Investment
income
Bank interest receivable 12
Total income 31,431 23,141

2022 2021
E f
Expenditure
Expenditure
on charitable		 activities
Purchases 5,068 3,735
Wages 2,954 3,000
Rates and water (1,493) 6,775
Light and heat 4,139 2,163
Repairs and maintenance 3,751 7,595
Insurance 3,846 3,774
Other establishment 849 319
Legal and professional fees 1,125 1,151
Other office costs 554 160
Depreciation 4,794 4,852
Costs of production 3,320 159
Visiting company and artist fees 1,999 598
General expenses 430 139
Advertising
and programme		 printing 2,601 36
33,937 34,456
Total expenditure 33,937 34,456
Net expenditure (2,506) (11,315)

2022 2021
E E
Expenditure on charitable activities
Theatre running
expenses
Activities undertaken directly
Purchases 5,068 3,735
Staff costs - wages 2,954 3,000
Rates and water (1,493) 6,775
Light R, heat 4,139 2,163
Repairs g maintenance 3,751 7,595
Insurance 3,846 3,774
Licences 849 319
Office costs 554 160
Depreciation 4,794 4,852
Costs of production 3,320 159
Visiting company and artist fees 1,999 598
General expenses 430 139
Advertising and programme printing 2,601 36
32,812 33,305
Governance costs
Governance costs - accountancy fees 1,110 1,139
Governance costs —legal and other professional fees 15 12
1,125 1,151
Expenditure on charitable activities 33,937 34,456