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