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|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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|||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|
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|||||||||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|
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|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|
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|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|