| Contents | Page | |||||
|---|---|---|---|---|---|---|
| Report ofthe | Board | 3-10 | ||||
| Independent | Auditors | Report | 11-12 | |||
| Consolidated | Statement | of Financial | Activities | 13 | ||
| Consolidated | Balance Sheet | 14 | ||||
| Consolidated | Statement | of Cash Flows | 15 | |||
| Notes forming | part ofthe Consolidated | financial | statements | 16-23 |
| CONSOLIDATED SUMMARY'INCOME |
CONSOLIDATED SUMMARY'INCOME |
AND EXPENDITURE ACCOUNT | AND EXPENDITURE ACCOUNT | AND EXPENDITURE ACCOUNT | ||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Notes | Unrestricted | Restricted | Total | Total | ||
| INCOME | ||||||
| Income from other trading | activities | 2/1.3 | 83,690 | 0 | 83,690 | 208,370 |
| Investment Income |
3 | 1,080 | 0 | 1,080 | 246 | |
| Income from charitable activities |
4/1.3 | 1,089,980 | 76,730 | 1,166,710 | 1,008,734 | |
| Total Income | 1,174,750 | 76,730 | 1,251,480 | 1,217,350 | ||
| EXPENDITURE | ||||||
| Costs ofGenerating Funds |
||||||
| —Fundralslng | 0 | 0 | 0 | 0 | ||
| Charitable Activities |
5/1.4 | 1,064,915 | 102,499 | 1,167,414 | 1,335,162 | |
| Total Resources Expended | 1,064,915 | 102,499 | 1,167,414 | 1,335,162 | ||
| Net Incoming/(Outgoing) | ||||||
| Resources for the year | 109,835 | (25,769) | 84,066 | (117,812) | ||
| Transfers between funds |
17 | 0 | 0 | |||
| Reconciliation offunds |
||||||
| Balances brought forward |
||||||
| As Previously Reported |
17 | 13,828 | 132,826 | 146,654 | 264,466 | |
| Total funds carried forward | 17 | 6123,663 | F107,057 | 6230,720 | 6146654 |
| Notes | Total Funds | Prior Year | |||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Net Cash | used in operating activities |
18 | 1214 1 | 119223 | |
| Cash Flow from Investing actlvltlesr |
|||||
| Interest and dividends | 1,080 | 83 | |||
| Purchase | offurniture and equipment |
(2,940) | (1,440) | ||
| Proceeds | from sale of Investments | 0 | 0 | ||
| Net cash | provided by investing activities |
(1,860) | (1,357) | ||
| Cash Flow from financing activities: |
|||||
| Repayment | of borrowing | ||||
| Receipt of expendable endowment |
|||||
| Net cash | provided by financing activities |
||||
| Change In cash and cash equivalents |
in the year | 119,561 | (120,580) | ||
| Cash and | cash equivalent brought forward |
20,293 | 140,873 | ||
| Cash and | cash equivalent carried forward |
f139,854 | 820,293 |
| Income Generation | Income Generation | Unrestricted | Restricted | 2020 | 2019 | ||
|---|---|---|---|---|---|---|---|
| Professional | & Circomedia | Performances | 35,046 | 35,046 | 53,016 | ||
| St Paula Church Programming |
24,654 | 24,654 | 60,926 | ||||
| Kingswood | Foundation Hire |
9,756 | 9,756 | 54,562 | |||
| Professional | Memberships | 3,871 | 3,871 | 5,765 | |||
| Fundraislng | Income | 4,922 | 4,922 | 10,767 | |||
| Merchandise | Sales | 5,441 | 5,441 | 3,334 | |||
| F83 690 | 60 | F83690 | 8208 370 |
| Income from Charitable | Income from Charitable | Activities | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2020 | 2019 | |||
| Grants and Contracts | ||||||
| Arts Council | 107,367 | 0 | 107,367 | 106,552 | ||
| Arts Council - Catalyst |
Funding | 0 | 0 | 0 | 32,157 | |
| Arts Council - Emergency | Grant | 0 | 76,730 | 76,730 | 0 | |
| BCC - Openness Funding |
27,846 | 0 | 27,846 | 29,750 | ||
| BCC - Covid Support Grant | 10,000 | 0 | 10,000 | 0 | ||
| Heritage Lottery Grant |
0 | 0 | 0 | 10,703 | ||
| Garrick Charitable Trust |
5,000 | 0 | 5,000 | 0 | ||
| Furlough Grant HMRC |
104,042 | 0 | 104,042 | 0 | ||
| 6254 255 | F76730 | F330985 | 6179162 | |||
| Education and Course | Fees | Unrestricted | Restricted | 2020 | 2019 | |
| Course Fees | 677,240 | 0 | 677,240 | 635,870 | ||
| Evening Classes | 139,471 | 0 | 139,471 | 179,922 | ||
| Other Income | 19,014 | 0 | 19,014 | 13,780 | ||
| 6835725 | 60 | F835725 | F829 572 | |||
| Total | F1,089,980 | F76730 | F1 166710 | f1 008734 |
| Total | Recourses Expanded | Recourses Expanded | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||||||||||
| E | ||||||||||||||||
| Total | o | o | )I | oM | ||||||||||||
| Academy Expenditure |
Direct | 420,060 | 0 | 429,660 | ||||||||||||
| Activity Expenditure | Direct | 264,995 | 109,508 | 22 | 73,470 | 00360 | t, | eeg | ||||||||
| IT end Communications | Direct | 16,836 | 14,547 | 1,209 | ||||||||||||
| General Equipment |
end | Maintenance | Direct | 27,131 | 27,131 | |||||||||||
| Training | Direct | 3 059 | 3,850 | |||||||||||||
| Travel Expenses | Direct | 296 | 206 | |||||||||||||
| Admlnistretton Costs |
Direct | 22,302 | 13,080 | e,am | ||||||||||||
| Cga Overheads | Direct | 150,507 | 03,532 | 13,469 | eg,eee | |||||||||||
| Professional Fees |
Direct | 3,670 | 3,670 | |||||||||||||
| General Salaries | Direct | 107,905 | 187,906 | |||||||||||||
| Welfare end Subsistence | Direct | 411 | 411 | |||||||||||||
| RacNl trtt art I | Direct | 155 | 155 | |||||||||||||
| Mlscegeneous | Direct | 594 | 594 | |||||||||||||
| Deprecteeon | Direct | 30,011 | 5,701 | 33,210 | ||||||||||||
| Merchandise | Direct | 2,326 | 2,326 | |||||||||||||
| St Paula Programme | Direct | 12,768 | 0 | 12,760 | ||||||||||||
| Year2020 | 21 167414 | 9453 501 | 6443 | 15 | ED | 673 476 | BI3128 | E | 569 | 009200 | 633 | 210 | ||||
| Year2019 | 61 336 2 |
579 205 | 2471 | 111 | 024 | 419 | 6100 D95 | 2 7 0 | Ee | 342 | ED | 63 | 210 |
| Net Incoming Recourses for the year | Net Incoming Recourses for the year | Net Incoming Recourses for the year | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| This is stated after charging: | ||||||
| Depreciation of owned |
fixed assets | 38,911 | 39,829 | |||
| Rentals paid under operating leases |
105,522 | 81,520 | ||||
| Audit Fee (Including VAT) |
3,480 | 3,480 | ||||
| Staff Costs and Numbers | 2020 | 2019 | ||||
| Gross Wages | 745,428 | 711,217 | ||||
| Pension Contributions |
11,536 | 9,723 | ||||
| Social Security Costs | 46,114 | 45,976 | ||||
| 6803078 | 6766916 | |||||
| No employee received |
emoluments | of more than 860,000 | ||||
| The average number of employees |
during | the year calculated | on full time equivalents | was as follows: | ||
| Chief Executive | 1 | 1 | ||||
| Artistic and Educational | Director | 1 | 1 | |||
| Technical, Front of House end Teaching |
Staff | 35 | 28 | |||
| Administration | 7 | 7 | ||||
| 37 | ||||||
| Trustee Remuneration | and Related Party Transactions | 2020 | 2019 | |||
| Directors Remuneration | ||||||
| The aggregate amount |
ofexpenses | paid | to Board members | was | EO |
| 10 | Tangible fixed assets | Leasehold | Plant, | Fixtures | |
|---|---|---|---|---|---|
| Group | Property | Machinery | |||
| Improvements | and | Vehicle | Total | ||
| Cost | |||||
| As at 1 September 2019 | 564,556 | 221,425 | 785,981 | ||
| Additions | 0 | 2,940 | 2,940 | ||
| As at 31 August 2020 | f564 556 | F224 365 | f788 921 | ||
| Depreciation | |||||
| As at 1 September 2019 | 431,730 | 201,565 | 633,295 | ||
| Charge | 33,210 | 5,701 | 38,911 | ||
| As at 31 August 2020 | F464 940 | f207 266 | f672 206 | ||
| Net Book Value | |||||
| As at 31 August 2019 | f132,826 | f19,860 | 2152,686 | ||
| As at 31 August 2020 | f99,616 | f17,099 | f116,715 |
| Group | Company | ||||
|---|---|---|---|---|---|
| Stocks | 2020 | 2019 | 2020 | 2019 | |
| Merchandise | and Bar Stock | F4,379 | F4,255 | F1 894 | f1,548 |
| Cash at bank | and ln hand | Group | Company | ||
| 2020 | 2019 | 2020 | 2019 | ||
| Cash and Bank Balances | f139,508 | f20,293 | f122 054 | f8,848 | |
| Group | Company | ||||
| Debtors | 2020 | 2019 | 2020 | 2019 | |
| Trade Debtors | 17,483 | 6,173 | 13,092 | 2,172 | |
| Donation Receivable |
0 | 0 | 27,806 | 19,920 | |
| Income Receivable | 47,879 | 30,923 | 47,879 | 30,923 | |
| Other Debtors | and Prepayments | 16,618 | 18,554 | 16,618 | 18,554 |
| f81 980 | F55 650 | f105395 | 671 569 |
| Group | Group | Company | Company | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | CREDITORS: amounts | falling | due wlthlr | 2020 | 2019 | 2020 | 2019 | ||||
| one year | |||||||||||
| Trade Creditors | 29,483 | 24,664 | 29,271 | 23,176 | |||||||
| Other Taxes and Social | Security | Costs | 11,406 | 12,979 | 11,406 | 12,979 | |||||
| Inter Company Account |
0 | 0 | 3,689 | 3,257 | |||||||
| Accrued Expenses | 15,361 | 32,975 | 15,361 | 32,975 | |||||||
| Deferred Income |
53,320 | 11,123 | 53,320 | 11,123 | |||||||
| Other Creditors | 2,292 | 4,489 | 2,292 | 4,489 | |||||||
| Ett t 862 | F86,230 | 6115,339 | 687,999 | ||||||||
| 15 | Operating Leases |
- Land and | Buildings | 2020 | 2019 | ||||||
| Company only |
|||||||||||
| At the year end the | company | had annual | commitments | ||||||||
| under non-cancellable | operating | leases | as set out | ||||||||
| below: | |||||||||||
| Within one year | 106,900 | 106,900 | |||||||||
| Within one and 5years | 109,697 | 210,848 | |||||||||
| Over 5 years | 0 | 5,749 | |||||||||
| 6216597 | 6323,497 | ||||||||||
| 16 | Analysis ofGroup |
Net | Assets | Between | Funds | ||||||
| Unrestricted | Restricted | Total | |||||||||
| Tangible Fixed Assets |
17,099 | 99,616 | 116,715 | ||||||||
| Current Assets | 218,326 | 7,541 | 225,867 | ||||||||
| Current Liabilities |
(111,862) | 0 | (111,862) | ||||||||
| f123563 | 6107157 | 6230 720 | |||||||||
| 17 | Movement ln Funds |
||||||||||
| Group | Incoming | Outgoing | |||||||||
| At | 01.09.19 | Transfers | Resources | Resources | At 31.08.20 | ||||||
| Restricted Funds |
|||||||||||
| - Leasehold Property |
132,826 | 0 | (33,210) | 99,616 | |||||||
| — Emergency Response |
0 | 76,830 | (69,289) | 7,541 | |||||||
| Fund (ACE) | |||||||||||
| Total Restricted Funds | 132,826 | 0 | 76,830 | (102,499) | 107,157 | ||||||
| Unrestricted Funds |
|||||||||||
| General Funds |
13,828 | 0 | 1,174,650 | (1,064,915) | 123,563 | ||||||
| Total Unrestricted | Funds | 13,828 | 0 | 1,174,650 | (1,064,915) | 123,563 | |||||
| Total Funds | 6146654 | 60 | 61,251,480 | 61,167,414 | 6230 720 |
| Reconciliation of net movements in funds to net flowfromoeratin activities |
cash | |
|---|---|---|
| pg |
2020 | 2019 |
| Net Movement in funds Add back depreciation charge Deduct interest income Decrease (increase) in stock Decrease (increase) in debtors Increase (decrease) in creditors |
84,066 38,911 (1,080) 222 (26,330) 25,632 |
(117,812) 39,829 (83) (3,093) (3,138) (34,926) |
| Net cash used ln operating activities |
6121,421 | 6119223 |
| financial acti |
vities is shown belo |
vities is shown belo |
w. | ||||
|---|---|---|---|---|---|---|---|
| income and | Expenditure | 2020 | 2019 | ||||
| Income | 24,654 | 80,926 | |||||
| Expenditure | (12,769) | (26,294) | |||||
| Net Income | 885 | 6463 | |||||
| Retained Earnings |
at beginning | of reporting | period | ||||
| Net Income DIstribution |
for the year to parent charity |
11,885 (11,885) |
54,632 (54,632) |
||||
| Retained Earnings |
at end of reporting | period | 0 |