2023-03-31-accounts - Pegasus Theatre Trust

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have serve	d during the year	and since	the year end	w	ere	as follows:
			J Goller			(Appointed	27 October 2023)
			G LGeary			(Resigned	28 June 2022)
			EHavard			(Resigned	26October 2022)
			R Jones			(Appointecl 27October 23)
			BJ Joshua
			N Lloyd
			EMacDonald
			TPage			(Appointed	8December 2022)
			R Price
			SSansom			(Resigned	26 October 2022)
Reference	and Administrative	Details
Chief Executive Officer			AH Cole
Company Number			03038190
Charity Number			1055305
Registered	Office B,		Pegasus Theatre			Trust
Business address			Magdalen	Road
			Oxford
			OX4 I RE
Principal bankers			Co-operative P0 Box250		Bank pic
			Skelmersdale
			WN8 6WT
independent	examiners		Joshua Kingston BScACA
			Burton Sweet		Limited
			Chartered Accountants
			The Clock Tower
			5 Farleigh Court
			Old Weston	Road
			Flax Bourton
			Bristol BS48	IUR

						31 f	harclt 2023
Stetentettteitinencieinctiuiiiee			~lnco~r~oratii1	an incorn~eond		Ex enditure	Account/
						2023	2022
			Unrestricted	Restricted		Total	Total
				8
Income from;
Grants and	donations	2	359422	13,102		372,524	461,310
Charitable	activities	3	142.398			142,398	117,634
Total income			501,820	13,102		514,922	578,944
Expenditure on:
Raising funds			)4.698			14,698	39,590
Choritable octivities			735,361	38.172		773,533	722,664
Total expenditure			750,059	38,172		788,231	762,254
Net income / (expenditure)		6	f248.239)	{25,070)	(273,309)		{183,310)
Transfers		I?
Net movement in funds		17	f248,239)	f25.070)	{273,309)		[183,310)
Total funds at I April 2022		17	2,531,844	26,766	2,558,610		2,741,919
Total funds at 31	itttarch 2023	17	2,283,605	1,696	2,285,301		2,558,610

							5 r':=ASUS!tlEh) Rf:.!BUS!	5 r':=ASUS!tlEh) Rf:.!BUS!	5 r':=ASUS!tlEh) Rf:.!BUS!
						Trod~6	s ttet&«U c.nd Fin«nol«l		Slnten2ents
								31	M6&rct& 2023
Balance	Sheet at		31March 2023
							Corn~any	No:	03038'I90
							2023		2022
							5
					Note
Fixed Assets
Tangibte Fixed Assets investments					10 11	2,096,759 1			2,270.842
							2,096,760		2,270,843
Current Assets
Debtors Stock Cash at Bank and			in Hand		12 13	36,698 1,190 214,481			30,483 1,309 312,161
							252,369
									343,953
Credftors.	Amounts		Due Within	1 Year	14		~63,828	~56,186
Net Current		Assets
							188,541		287,767
Net Assets
							2,285,301		2,555.610
Funds
Restricted Unrestricted	Funds Funds				18 IB		1.696 2,283,605		26,766 2,531,844
Total Funds
							2.285.301		2.558,610

								31	Morcir 2023
Statement ofCash Flows
							2023		2022
									F.
Net cash fntlow from operating			activities		Notes	A	(89,349)		(27.975)
Non - operational cashflows;
Cash	flows from investing	activities
Interest received Acquisition oftangible fixed assets							(71) (8,260)		(16) (24,811)
Net cash outflow for the year					Notes	IS	97,680		52,802
Notes	to the Cashflow Statement
	Reconciliation ofnet movement			In funds to net cash inflow			from operating	activities
								2023	2022
								R
	Het movemeni in funds				Nofes	C		(273,309)	(183,309)
	Interest received							71	16
	(increase)/decrease	in debtors						(6,2i 51	(10,448)
	(Increase)/decrease	in stock						119	75
	Increase/(decrease)	in creditors						7,642	(16.520)
	Depreciation							182,343	182,211
	Net cash inflow from operating activities						~59,349		~27.975
it,	Analysis ofchanges	in cash during the year
						2023	2022	Change
							8	R
	Cash at bonk and in hand				214,481		312,161	'97,680
						2022	2021	Change
								R
	Cash at bank and in	hand			312,161		364,963	52,802

								2023
Core grants						Unrestricted	Restricted	Total
						5
Oxford City	Council					20,000		20,000
Arts Council	England		South-East			305,493		305,493
						325,493		325,493
								2023
Public grants						Unrestricted	Restricted	Total
						K		. 5
Oxfordshire	County Council						6,902	6,902
Oxford City	Council						1,700	1,700
							8,602	8,602
								2023
Other grants	and donations					Unrestricted	Rest'ricted	Total
							5	5
Mr and Mrs JA		Pye's	Charitable		Settlement	10,000		10,000
Cecil Pilkingfon		Charitable		Trust		6,500		&,500
The Helen Harniyn Trust						10,000		10,000
The Weinstock		Fund					2,500	2,500
The Arts Society Oxford							2,000	2,000
Donations from		Individuals				7,429		7,429
						33,929	4,500	38,429
						35'9.422	13,102	372,524

					t'FI.=ASIJ.'	ifIVI'IF, i: Tt IIs1
				iruslc es Repuit and Fincnzir. ;I Slnten, ants
otes	to the financia statements					31 tVt&.~rch 2023
2.	Income from grants and donations		—continued
	Prior year comparison (202)-22)
	Core grants			Unrestricted	Restricted	2022 Total
				f	f	f
	Oxford City Council Arts Council England South-East Covid-19 JRSScheme Grant			24,000 305,493 4,608		24,000 305,493 4,608
				334,101		334,'I 01
						2022
	Public grants			Unrestricted	Restricted	Total
				f	f	f
	Oxfordshire County Council Oxford City Council				1,695 250	1,695 250
	BBCChildren in Need Arts Council, Cultural Recovery				17,876 20,686	17,876 20,686
					40,507	40,507
						2022
	Other grants and donations			Unrestricted	Restricted	Total
				f	f
	Garfield Weston Foundation PF Charitable Trust Mr and Mrs JA Pye's Charitable Cecil Pilkington Charitable Trust Doris Field Trust The Helen Hamlyn Trusf The Barnsbury Charitable Trust Four Acre Trust Lottery Community Fund The Weinstock Fund The Souldern Trust The D'Oyly Carte Trust Photo Oxford	Settlement		13,750 4,167 10,000 2,500 10,000	1,000 1,000 3,000 10,000 2,500 3.000 1,265	13,750 4,167 10,000 2,500 ),000 '10,000 1,000 3,000 10.000 2,500 500 3,000 1,265
	Donations —Corporate Donations from Individuals			290 13,160	3,200 7,370	3,490 20,530
				54,367	32,335	86,702
				388,468	72,842	461,310

									PF&„.nsils	'iiiEAIBE IRUSI
							Tiusfeos	kopott	orvd Finonciot Sioteilsenls
										31 f3orch 2(123
Notes	tothe financial		statements
	Income from		charitable		activities					2023
							Unrestricted	Restricted		Total
	Theatre and		arts education			activity	E,
	Ticket sales						43,158			43,1$8
	Participation		fees				34,589			34,589
	Facilities hire						2,450			2,4$0
	Hire fees (performances)						1,105			1,105
	Cafe Bar sales						3,19?			3,197
	Miscellaneous						1,590			1,$90
	Sponsorship						50,777			50,777
	Thea/re tax	relief								5,532
							142,398			142.398
	Prior yeor comparison			(2021/2022)						2022
							Unrestricted	Restricted		Total
	Theatre and		arts education			activity	E		E	5
	Ticket sales						17,445			17.445
	Participation		fees				29,667			29,667
	Facilities hire						1.192			1,192
	Hire fees (performances)						600			600
	Cafe Barsales						819			819
	Miscellaneous						10,416			10,416
	Sponsorship						51,964		315	52,279
	Theatre tax relief						5,216			5,216
							117.3'l9		315	117,634
4.	Expenditure	on raising		funds					2023	2022
									Total	Total
									K	F.
	Direct costs								13,'1 14	37,913
	Support costs								1,5&4	1.677
									14,698	39,590
5.	Expenditure	on charitable			activities
							Direct		Support	2023
							costs		costs	Total
							E		Z
	Programme						99,650		44,742	144,392
	Producing						56,026		42,529	100,557
	Participation						144,774		41,457	186,231
	Administration						66.741		1,945	68,686
	Premises/ I-ront ot House						65,839		20,155	8$,994
	Depreciation								182,344	182,344
	Governance		costs				3,227		2,102	5,329
							438,259		335,274	773533

							I'ECASV!	Ttt(ATltK	T)iUST
						1(vsteos	i{or&oll Und hoon(.	loi Stsrlernents
								31 IAorch 2023
Notes	to the financial statements
5.	Expenditure on charitable		activiNies (continued)
	Prior year comparison (2021/2022)					Direct	Support		2022
						costs	costs		Total
							R		E
	Programme					60,969	35,561		94,530
	Producing					78,404	35,561		113,9&5
	Participation					1.10.895	36,725		147,420
	Administration					66,457	2,140		48,597
	Premises/ Front of House					83,632	21,079		104,71 1
	Depreciation						182,211		182,211
	Governance costs					6,597	2,433		9,030
						406,954	315,710		722.444
4.	Net income/(expenctlture)
							2023		2022
	This is stated after charging:								E
	Independent examiner's	fee					2,450		5,600
	Depreciation						182,344		182,211
	Staff costs and numbers
							2023		2022
	Staff costs were as follows;						9.
	Wages and salaries						310,454		287,272
	Employer's National Insurance						21,940		20,251
	Employer's pension contributions						7,895		7.817
							340,489		315,340
	No employee earned more		than f60,000 during		the	year.
							2023		2022
							No.		No,
	Average number (headcount)			of employees			'13		13
	The total number ofstaff at		the	year-end was 13.

						2022
				Unrestricted	Restricted	Total
				E		E
income from'.
Grants and	donations			388,468	72,842	461,310
Charitable	activities			117,319	315	117,684
Total income				505,787	73,157	5/8,944
Expenditure on:
Raising funds				39,590		89,590
Charitable	activities			640,704	81,960	722,664
Total expenditure				680,294	81,960	762,254
Net expenciiture				(1/4,50/)	(8,803)	(188,810)
Transfers				15,071	(15,071)
Net movement			in funds	(159.436)	(23,874)	(188,810j
lolal funds	at	1	April 2021	2,961,280	50,639	2,741,'919
Total funds at 81	March 2022			2,531,844	26,765	2,$58,610

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						31 Miarch 207;3

Tangible Fixed Assets
		Fixtures and
		new theatre	Fittings and
	Building	equipment	equipment	Total
	K	5		R
Cost
At I April 2022	4.262,6 I3	523,443	67.858	4,853.914
Additions Disposals		124,561	8.260 $3~808	8,260 ~128.369
At 31 March 2023	4.262,613	398,882	72,310	4,733,805
Depreciation
At I April 2022	2.016421	523,443	43,208	2,583,072
Charge for the year Eliminated on Disposal	170,504	~126,661	1 1,839 i33888	182,343 ~128,369
Al 31 March 2023	2,186,925	398,882	51,239	2,637,046
Net Book Value
At 31 fuiarch 2023	2,075,688		21,07 I	2,0'96,759
At 31 March 2022	2,246, I92		24,650	2,270,842

Debtors
	2023	2022
	5
Trade debtors		2.248
Prepayrnents	I2,670	12,218
Other debtors	24,028	16,017
	36.698	30,483

				I'ErSASUS	TI4fAIHF	TI4fAIHF	IRUST
			Trurtr!!rs	S.~pcII onrS fl/Ior'Ictoi		Slrrlensf.'Irts
					31	Morch 2023
Notes	to the financial statements
13.	Stock
							2022
	Goods for resale			1,190			1,309
14.	Creditors: Amounts due within	1 year		2023			2022
	Trade creditors			20,024			6,582
	Accruals			6,541			8,758
	Deferred income			14,792			18,292
	Amounts owed to grovp undertakings			1			1
	Tax ond social security			9,819			8.376
	Other creditors			12,651		14,177
				63,828		56,186

Nlovernent in funds
			At 1 April				At 31 March
					Expenditur
			2022	Income		1ransfers	2023
			8				B
Restricted funds
Oxfordshire County		(ENB)		6,902	(6.902)
Oxford City Council		(DC)	1,488				1,488
Oxford City Council		(LF)		1,700	(1,700)
O'Oyle Carte			3,000		(3,000)
Lottery Community	Fund		8,000		(8,000}
Weinstock Fund			208	2,500	(2,500)		20$
The Big Give (Dec 21)			13.070		(13,070)
Doris Field Charitable		Trust	'1,000		(1,000}
The Arts Society (Oxford)					(2,000)
			26,766	13,102	(38,172)		1,696
Unrestricted funds
General funds			49,468	501,820	(579,555)	58,184	29,917
Designated funds:
Strategic reserve			154,184			(8,184)	146,000
Asset replacement	fund		52,000			(30.000)	22,000
Young Companies'
Production fund			30,000			(20,000)	'10,000
Building fund			2,246,192		(170,504)		2.075,688
			2,531,844	501,820	(750,059)		2,283,605
Total funds			2,558,610	514,922	(788,231)		2,2&5,301

(2010).The fund is red	(2010).The fund is red	(2010).The fund is red	uced annua	uced annua	lly by the c	harge fordepre	ciation ofthe bu	ilding.
Prior year comparison			(2021/22)
				At	1 April				At 31 Starch
					2021	Income	Expenditure	Transfers	2022
						F.	F.		5
Restricted funds
Oxfordshire Council		(UMSJ			16,364		(13.883}	(2,481)
Oxfordshire County		(ENB)				1,695	(1,695)
Children in Need					10,103	17,876	(15,387)	(12,590)
Oxford City Council		(DCJ			1,488				1,488
Oxford City Council		(CEP}			2,329		(2,329)
Oxford City Council		(SEJ				250	(250)
ACE CRF2						20,686	(20,686)
Dominvs Project						1,500	(1,500)
We Are Purple						150	(150)
Photo Oxford						1.265	(1,265)
Foyle Foundation					12,$00		(12,500}
Clore Foundation					2,857		(2,875)
Cameron iv!acintosh					5,000		(5,000)
D'Oyle Carte						3.000			3,000
Lottery Community	Fund					10,000	(2.000)		8,000
Weinstock Fund						2.500	(2,2'97}		208
The Big Give (Dec 21)						13,070			13,070
Doris Field Charitable			Trust			1,000			1,000
					50,639	73,157	(81,959)	(15,071)	26,766
Unrestricted funds
General funds					46,400	505,787	(509,790}	7,071
Designated funds:
Strategic reserve				154,'I84					'I54,184
Asset replacement	fund			44,000				8,000	52,000
Young Componies'
Production fund				30,000					30,000
Building fund				2,416,696			(170,504)		2,246,192
				2,691.280		505.787	(680,294}	15,071	2,531,844
Total funds				2,741,919		578,944	(762,254)		2,558,610
Ana fust s ofnet assets		between		funds
								Net
							Fixed	Current	Totol

						I:iisA'.l)5 itIFAII; T(ill! I	I:iisA'.l)5 itIFAII; T(ill! I
					lrusloes P,.:porI	u»(l firrovriol Itrslc. m="nts
Notes	to fhe tlnanctol stoternents					31 Morrsh 2023
					Assets	Assets	Funds
	Restricted Unrestricted		Funds Funds			1,696	1,696
	Designated		funds		2,075,688	178,000	2,253,688
	General fund				2l,072	8,845	29,917
	Total funds		as at 31hharch 2023		2,096,760	188,54 I	2,285,301
	Prior year comparison			(2021/2022)		Net
					Fixed	Current	Total
					Assets	Assets	Funds
					f	f	f
	Restricted	Funds				26,766	26,766
	Unrestricted		Funds
	Designated		funds		2,246,192	236,184	2,482,376
	General fund				24,650	24,818	49,46IS
	Total funds		as at 31 hharch 2022		2,270.842	287,768	2,$58,610