R•g18t•r•d nuM￿r. 3313901
Charity numb•r. 1062353
BUNGAY ARTS AND THEATRE SOCIETY
(A company Ilmlt•d by guarantee)
UMAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021

(A Company Ilmltod by guarnnt••)
CONTENTS
R•f•ronce and •dmlnl8trallve dolall8 of lh• Company, Its Twsl••s •nd advh•rn
Trust￿, r•port
Indepgndont •xamlnarf• r•port
Statoment ol ftnan¢hl actlvlt188
8•lance •h•ét
10-11
Noto8 to th• flnantl•l ¥tatomort8
12-25

BUNGAY AIWJ AND THEATRE 8IXIEr
(A IlmA•d by gu*rnnl••)
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY. rrs TRUSTEES AND ADVISER8
FOR THE YEAR ENDED 28 FEBRUARY 2021
P Baker
SLCOX
JWSHay
D A France (appointed 6 June 20211
P R Hokne$
J M Pulman
C L Rkhardwi (re8igned 23 August 2021)
R Sehryn£rome (r88oned 9 February 2021)
C Matthews {reslgned 8 September 2020)
N UshepwocKI l•)pointed 6 June 2021)
Compony rngl•t•r•d
numb•r
3313K11
numb•r
I(￿2353
ft•gl•tsr•d offl¢•
10 Broad Strert Bungay
Suffolk
NR35 1EE
cOm￿nY ••¢r•tary
Ms M Lalrd
A¢counlants
Larking Gowen LLP
Charterwj A¢¢ounlants
lfj'ng Street House
15 Upper Kfing Stre81
Norwich
NR31RB
Page 1

(A company Nmlted by guarnntae)
TRUSTEES, REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2021
The Trustses present their annual report together with the fA)an¢ial statements of th8 Company for the yeaf 1
March 2020 to 28 Febfuary 2021. The Annual report seryes the purw5es of both a Trustees, report and
dirgctors, report under company18w. Thg Trustee8 confimi that the Annual report and finanual statements of the
ch8ritabb company compty with the ojrrent st*utory requirements. the requirements of the charitable companvs
goveming document and the provisions of the Stalemanl of Recc4nmended P[a¢￿ (SORPI applicable lo
charities preparing their a¢￿￿nts in acC￿daNce with the Financk81 Reporting Standard applicable in the UK and
Republic of Ire18nd (FRS102) leffectY¥• 1 January 2019).
Since the Company qualfie8 a8 $mall urKler section 382 of the Compani85 Act 20￿. tha Strategic report
required of medlum and large companies undor the Companies kt 20(￿ IStratsgiG Report and Directors.
Report) ReguLgtion8 2013 has been omrtled.
Obj•Ctiv￿ and act5vlti
. Policlm and obl•th6s
The obletts of the charity are to provth or assist in the provision of facilities for thè r•creatK)n81. educational,
cultural, artl8ttc or otherlgisure pursuits in tho interest of the swl welfare of the inlpbitsnts of Bungay and
surrounding communities. In *Jdrtw)n to the8e objectwes. the maintenancg ar￿ imprOve￿t of th8 Grade 2
list8d Georgian buikling. and its continued use for its original purF4ise as a theatre. are key aims of the truste8S.
b. Vl•ion
Thè ongin81 ￿510n of the founding trustees, i.e. to revive the buildln9 as a viable art8 and theatre centre. ha8
been achieved but the buikling has ncA¥ become much more than just a theatre and ha$ devek¥*d into an
integr81 part of the communtys fabric. Accordingly the vision is now to become one of the l)est arts and theatre
entres in its class in the county. wrth the key otyective of provklillg or assi6ting in the provision of facilities for
the recreab'onal. gducational. culiural. artistic or other feisure pursuits in the interest of the social welfare of the
inhabitants of Bungay and surrounding cornmunities. To facilitate thi$, the trustees have Identified the following
stTatogic otyèclive$:
Maintsin and further improve th8 historic building as a viable atts and theatre centre,.
Ensure the long48m finan￿al vi8bFIty of 8ATS by maximiwng the usage F￿ant￿$1 of the building and
mpleménb'ng new initr8tives.'
Provide a wid8-ranging artistic wogrammè i)pportunibgs for arliytic expression to all mgmbers of the
community;
Increase independence and financial security by ovming tha buikling ￿tright".
Activety engage with the tocal communty {individuals. groups and the commer¢ial #ector) in developing
mutualty beneficial relationships,.
BeLS)me a fc￿$ in Bungay and its surrounds forfiTSt dass errtertainment, catering and 8vent8.
Strategi¢ oty'ective 4 byas ￿hIeVed in 2020- see Revie* ofktrviknes below.
c. Maln act1vl1l￿ undwtak•n to furth•r th• Comp•ny'• purpow for th• public b•n•fit
The tru8t8es have had due regard lo the Charity Commission guidance on public bèn8frt. The activities
undertaken to fvrther the chartys purposes for th8 public benefft are doscribed within a¢hiovements and
perfoThanc*.
Page 2

UNGAY ARTS AND THEATRE SOCIErY
(A compAny lknfft•d by guav•nl••)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
Objortlvu •nd •thltlM {contlnu•d
d. Man•g•mwt and •tafflng
The managomont of the company was 8pIt between the fu114ime Operatson8 Manager. Cory Minns, and the ￿rt-
mè lo￿8hare Pr(yJr8mmè Man&3er (Darren and Laik Ffance}. who were ably assisléd in their roles by Theatre
Assistant Dan Millar. and our ¢Ae8ner Nicola Eastaugh. Tho trustees are deepty grateful lo the staff for all their
efforts. particulaTty during the uncertainty that the pandemic has caused.
Since tha ye8r-end ther• have been tt¥o changes lo staff. Our nvw fulHime Fbsh¢r Centre Manager, Ben 8tyth,
ha8 been recruited and Started in AugusL and Nicola Eastaugh has been replxed by Bl8ke Rackham. The
tru8tees wish them both luth in their new roles and very much hope that they will enjoy their time 8t the theatre.
•. Volunt••rn
We have kept in tauch w4th our preGious %rlunteer6 by a number of nwwslettfjrs during th8 y8ar, giving what
infomation was wmilable in the ligm of tha continu•J uncertainty. We very much hope Ihat they retum once
we are allowed to rewopen and continue to make their invaluabte contsibution, without which Ihe thgatre couldn't
A¢hlv•m•nts and p•rfornian¢•
FollcAving the very sU￿sSIU1 fund4ai6ing initiativ66 that were completed in 201940, whth alivNed the company
lo poy off its prirttP81 creditor {Afchitecturo1 Henlage Fund) and the theatre building outrighL ma￿ 2020
brought very dilfvrent ¢hall8nge8. The spread of a corona virus, subsequently Ugbgllad Covid or C-19, meant *h8t
tho theatre was closed by govgmm6nt decree and all p8rfornianc¢s were cancelled or poswed. A8 meetings
weren't 811(AY8d in th8 theatr8, the tNstees arranggd to meet virtually by Zoom and to manage the busines$
romotety. This invotrrfed fvrtoughing th6 Staff. Suspending seprte contracts where possiblè and purnuing all
availabl8 grant funding in order to meet on•ing expen8e& In addition, tt became clear thal it woukl be possible
to take aLfvantago of the empty buitthng by implementlng 80me major repairs and renovations. As a [￿￿tt of
number of 8ucces8ful applications, grants total￿ng £199k were recaived during the yaar. Wh￿ alkh¥ed a new lrft
to be installed. the refu￿18￿ment of the toi16ts at th8 back of tho buibjing to make COvi￿r￿dfy with touch-
free ffttings arKI a new knr to belgid in the bar.
In addIt￿ to tha grant funding. the trusts89 81¥0 took advantsge of the governmenvs furfouth schem?. Tho
operations team 'off-fu￿U9h. in July and worked on making th8 theatre c¢mFdiant wrth 811 Ihg hy9￿ne
regulations and a safe place lo visit but. in th& absence of tho n•ed for a programme, the posilion of programme
manager was rendered redundanL A8 a re8uh, th• tru8tee8 h&1 very relurtanty to L8*off Oarren and La￿4
Fr•nce who had 8hared the part4ima p08it1on belween thom. Darnn and Laila have played 4 huge part in the
theatre in recent years and will conb'nue to do so. Indeed Darren has ncv# rei￿ned the board and wlll add his
exp6ri8n¢o to the trustee team.
Thern were very féw porfomiances ￿ring the year but trustees did commi8sAin Upshwt to *age the annual
pantomime in accordan¢• with the restrictions then in Sadty the run began prtyni$y￿ty. a surge In
Covid casos haltéd perfomwnces by govemment deeree.

BUNOAY ART8 AND TrIEATRE SOCIErY
{A ¢¢M￿nY Ilm5tod by guaTrnts•)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
Achlw•m•nl• and p•rfomi•nG• I￿ntInU•d
b. Operntlon8
In ¥Yaw of the government r8strldk￿S. normal operotK￿8 ceased and attention was given to making the buikling
Covi&8ecure for st8ff and all usefs of the buikjing. Screen$ and hand sanittsing Sta￿nS have been installgd and
a f¢)gging machine ha$ been purchas&J to $8nrtM th8 auditorium belween shthvs. Vthere possible. service
suppliers were contacted to amend contract8 to fedlth on4Joing operathmal costs and the buibjing was regularty
ned lo ensuré any risk of infection was minimised.
Flnanci•l r•vi•w
. Golng concern
After making appropriate enquiries, the Tru8tee8 have a reasonable &xpecl8tron that the Company ha¥ adgquale
resources to conts'nue in operational existence for Ihe foreseeable future. For this reason. they continue to adopt
the going concern basis in preparing the financial statement& Furthèr detsils regarding the adOp￿n of the going
concem ba￿$ can ￿ found in the accounting policth.
b. RMgrvK pollcy
It is the ¢h8ntys poly to maintain. a8 far 88 15 POS8ibl&. Suffic￿ roseTves to meot day to day requirement8 for
period of Six months.
C. Fln*nc• Rovlow
When the buihling dosed. ffinance ¢JFwation8 were Mtr￿d off-site arKI cor¥Jucted from lh8 trea8urerfs home.
which albwgd all the nomial finance rotrtin88 to ¢¢￿tinue as usual. From a fvnding perspèctive. the theatre ha8
been particularly fortunato lo receive grants from Arts Council EngL7nd, POwer-t￿hang¢ and the Heritag0
L¢)ttery Fund. The8e alk)wed the impfovemont of the building's tscilitigs as report￿ above. We also received a
numbar of grant pgyments from East Suffolk Councbl to maat orwrng Operat￿al costs arKI were able to
part￿spat¢ in the government's fvrbugh scheme, o11(ywing 80% of staff costs to be recoupod between March and
June 2020.
d. Inv•stm•nts polky
Under thè Memorandum of A8woation, the Tru8teets have tho pvwer to make any investrnents whiGh have
board approval.
•. Principal fundlng
Under nomial circumstances the thealro relies on 8eW*enerated fvnds lo finance its daY-t￿daY operations the
absence of on4>Trng revenue grant fvnding. However during tho fo¢k4Jown, the princip81 furKling ha8 been from
grants which Sandr8 Cox has diluenlly pursu¢d and we are very thanlrful to har for her expertise in completing
pkx 8fKI lin￿￿c￿MIng grw*t applications 80 su¢(wsfuMy.
Page 4

8UNGAY ARTS AND THEATrE SOCIETY
IA ¢ompany Ilmlt•d by guarnnt••)
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 28 FEBRUARY 2021
Structur•, 9ov•rnanc• and man•g•m•nt
Gov•mlng docum•nt
Tho tharity 18 controllgd by its wvèming docum￿( 8 deed oftru8( and constilules a limited c(*npany, limited by
guorantee, as defin¢d by the Companles A¢t 2006. At its Annual General Meeting in February 2016 the compary
adoptsd Artides dA¥xtiation whKh have been registered with and •xepknY by ￿ Chanty C¢)rnmi$8ion.
b. Gov•rnan
Vlhiht the management toam ha8 r8sFon￿bIlity for the day-ttsday running of the builjing and 8U the actMtie8
therein. the Tru8tse Directors are aG¢ountable for the successful opration and ffinano81 v&4bilty of the business.
Two trustee5 StIM>J down duiing the y•ar. Ruth Sew Crome ha5 masterryminded our 80¢i81 medi
communication$ as well as plawng a major role in fund raising and advi8ing re the recruitff*nt of new Fishar
Centrg manager. Chris Matthews i8 moving to CteNBdon near Bri8tol hawng been offered a new job. Hg ha6
been an ex¢dlent Trustee. seme881y offering not onty his business expertise but also free printing! Both will
missed.
Al the AGM in Juno. John Putrt8n and Sandra Cox rg8igned by rotali¢)n WKI. having off8thJ thoms8￿ for r
elect￿n. were offiualty reappointed. Darren France and Ntho14s v$hep￿ad wwo ele¢tsd as tN8tee8 and we
welcome tham both to the board.
The b)8rd conlinues to be acute￿ aware of its respon8foll￿es in r•spo¢t of compliance. Tv)t ontywith the relevant
requirements of the Companies Act and the Charibes Comrnis#ion. but a180 child protection. health and safety.
e(yal opportunities and dats prote¢bon.
¢. Oryanlsatlon￿ struG￿r• and d•cl8lonfftklng poll¢l•8
The Board of Trustees ultimatety ￿cOUnta￿l0 for the companys and meets at once a rrthth in
person or virtualty to review and discus8 strateg￿ and OP8Tational Is8ues and finances. The Board deWt&8
authority to the managoment team to managg the d8y404ay isJu•¥ and team of voluntsern upon which
theatrè depends.
The OperatK*ns Managèr is responslble for the day-ttrday running of the bUi￿j1ng, slaffing and a￿leS and the
Progr8mme Manager is re8p)n$ible for the deveknpment and 1mplemntat￿n of the thèatre's pwramme.
Trustw w•Ye or¥Jinalty sdected on tho ba818 of their 1nvofv0m￿t in the fornwtion of the ¢harity. Sub8equentty
Trustses We￿ invited where rt was con$Klered that their experi8n¢e or standing in the community VK•ukl benef
the charity and its aims. With the adopb'on of tho revised Artides of AsscKwknon, any member is entitlod to bo
Tru$loe. subject to nomination by h¥0 membern and 8pproval at a General Meeting of the Company. The board
d. Pollcl88 •dopt•d for th• Inductlon and lrnlnlng olTru8tv•
Trustees are expKtsd lo kncNI or be briefed on thair legal oblyttons undw charity and comp8ny law and
rthrmitt90 deGigionvmaking processes.
Paps

BUNGAY ARTS AND THEATRE SOCIETY
(A company Mmlt•d by guar•nts•)
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 28 FEBRUARY 2021
Strnc￿rol gov•rnanco and manag•mgnt (contlnu•d)
. Risk managom•nt
The Trustees have a duty to identrfy and rtivtew the risks lo which the charity is exposed and to ensure
appropnale control$ are in #ace to provth reasonable assuranco against fraud and error.
The Trustees have discussed the requirements of a risk strategy and beliève Ihey have adequate mOth￿S of
monitoring and controlling the finanaal, ststLrtory, lryal and opèrational risks applutrAg to the tharity.
Plan8 forfulurn porlods
The curfent C-19 wru$ has forced 80rne unprecedented measures on the nat￿n. r*ot ￿$t in the world of Ipie
arts. and th8 trustees have been actNo in addressing thé ullexpected c108ure of the buikling and the resultant
cewtion of its usual fundraising activities. As a r06uII of successful grant applications 8nd PaTticipation in the
govemmenf$
ffijdough scheme. the tho*r8 is rela*￿We￿￿￿rfionfjd to wilhstand ts gXFeCted dur81ion of th• shut-down and
the Irusle95 are planning a 80ft-rwning of the theatre latsr in th8 year, with somg live shm plw'ng to
restricted audian¢¢$. The operations team came '¢ffi-furfough' in Juty and are currnnty working on making thè
theatre compliant with 811 the hyg￿ne regulatM)ns and a safe place to visiL
In tho absence of the need for a programme, the ￿$it￿)n of prog￿rne managerw88 Tende￿d redundant and
the trustees had very reludanty to la*off Darren and LalLq France who had shared the part-time F#)Sition
be￿e¢n them. Darrèn arKI Larfa have pw 8 hug8 part in Ihe the8￿ in reont years and will continue to do so
wilh their running of the Fisher Theatre Youth Group and thair own theatre prcduclkin C£Jmpgny Upsh¢J)l. The
trustees deepty appreciate th￿r orwing o)mmitment to th8atr8 and its adivilies and are very thankful to
them for all their efforts and enthusiasm.
From a govemance perspective, it may be the case th8t the AGM ¢annot be held in its u¥ual way. but thg
trust￿8 will do 9vor￿hin9 P)88ibls to ensure that all relevant processes are undert8ken and communi￿ted to
our members by whatOVor means possible.
Page 6

BUNGAY ARTS AND THEATrE SOCIETY
(A Ilmlt•d by gu•rnntso)
TRUSTEVd' REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
8tat•m•nt of TN•tw•' r••pon•lbllili
The Trus188s {who are also the directors of the Company for the purposes of company law) are respon￿ble for
preparing the Trustw, ￿port ar￿ the finaneAal statements in acojfdance with a￿l¢able law and Uniied
'ngdDm Acwinting stsnda￿S (Untted Kingdom Generalty Awted Accounting Prnctice).
Company18w requires the Tru8tee8 to prepare financial statements for eath finanpgl ￿r. Under company l*.
Trustees must not appro￿ the financbal statements unl￿5 they are satlsf*d that they give a true and faiT
viow of the state of affairs of the Company and of its incoming re￿urceS and applicalion of resources, incI￿ling
its income and expenditure. for that per￿. In preparing these financkgl statements, the Tru81ees are requirèd to..
select Suitab￿ fLcounting Fdicies wl then appty them ¢onsl8tenty.
obaarye th• m•thods and principles of the chali1￿$ SORP (FRS 1021..
make judgments and accounting estimates that are reasonable and pwdent."
stste whether appli¢aN8 UK Accounting Stsndards IFRS 1021 hm been folknyed, subjed to any matsrial
departure8 dist*sed and explained in the financial statements,"
prgparg the financial Statfrments on the going Ixncem b8818 unl888 it 18 inapkyoprfate to presumo that tho
Company Mll continue in business.
The Trustees aro restrf>nsible for keeping adequate w)unting roctyds that are sufftient to SI￿ and explawi
the Compan*s transactions and di6d08e with reasonable actyjracy al any limè the finanaal posthrjn of the
Company arKI enable them to ensure that the financial statements compty with the C(wnpanies Act 2(￿￿. Thoy
are also rn8wJnsible for 88feguarding the 8886ts of the Company and hon¢e for taking roawnable sieps for th
prevention and detection of fraud and other irreguk9rilie&
roved by order of Ihe m*nb•rn of thg t30a￿ ofTN8tees and signed on tsr behall by..
J M Putman
(Trust•el

(A company 11m1t￿ by gUarnTh￿)
INDEPENDEKf EXAMINEifs REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2021
Ind•p•nd•nt examlnfrts r•port to th• Trn•tw of Bungay Art• and Th••tr• Soclty {Ih•
Compan￿)
I report to the charfty Tru8t•e8 on my ex*ninatv)n of the aCC￿nts of the Cuwny for year ended 28
February 2021.
R￿pOnsIbIlItI88 and bas18 of r•port
As the Trustees of the Company land its dire¢tors for the puf[￿09 of company lth¥) you are respons￿ for tho
preparation of the accounts in accordanco with the requirements of the Companies kt 2006 {'the 2006 A¢t').
Having 881isfied myseff that the accounts of tho Company are not required to be audi￿ under Part 16 of the
2006 Act and afe eligible lor independent examination. I report in respect of my examination of the CompanV$
accounts carried out under section 145 of the Ch811￿e& Act 20111'th9 2011 ACV). In carrying out my examinats'on
I have followed the Directions gi￿ by the Charity coMmi￿10n urKler 8ectbn 145151{b) of the 2011 A¢t.
Ind•p•ndenl •xamlnorf8 •tatémtht
I have cOM￿eted my examination. l Confi￿ that no mattern have come to my attenlion in connection the
examination giving ma ￿USe lo believe..
accounting rocords were not kept in resp￿t of the Company as required by 8ectlon 386 of the 20(* Att.
or
the aceounts do not accord with those records,. or
tho accounts do not cc4npty with the accounting requirements of soction 396 of the 2006 Act other Ihan
any requirement that the accounts gNe a Irue and faif view which k8 not a matter considered as part of
an indOF4ndent examinalwjn.. or
the accounts ha￿ not been prepared in accordance wtth the molhc418 and prinap￿S of the Statem•nl of
Recommended Pra¢tice for accounting and roporting by charitias lapplicable lo charit￿$ preparing their
accounts in a¢cordance with tha Financial Repo￿ng Standard applrcable in the UK and Republic of
Ireland IFRS 102)].
I have no conc*m$ and have come attoss no othw mattars in connection wrth the examination to whKh
attention should be drawn in this report in order to ￿able a proper undergtanding of the a¢￿Unts to bg reached.
This TOWt is mado So18￿ ta the Compan￿$ Trustees, 83 a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulation5 2008. My wort( has b8en undertaken $0 that I might state lo thè Company's
Trustees those matters l am required to Statè to them in an Indepèndent examine¢8 report and lor no other
purpose. To the fUl￿$t ex18nt pemiitted by law, I do not 8￿p1 or assume respon8ibility to anyone other than the
Company and the Compan1$ Tw$tees a8 a body. for my work or for thi8 rwrt.
Signed:
Julie Grimmer
Datsd: 8 November 2021
FCA DChA
Larklng Gow•n LLP
Chartored Accountants
King Str¢6t House
15 Upper ￿'n9 Street
Norwich
NR3 1RB
Page 8

eUNGAY ARTS AND THEATRE SOCIEr
IA Company Mmlt•d by guarnfttO•
STATEMEKf OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 28 FEBRUARY 2021
Total
funds
2021
Tot81
lunds
2020
fund•
2021
funds
2021
Inoom• from:
Donations and le9ary8s
Chantable athibes
Other trading activt
Investments
67.986
147,887
10.900
7N18
215,873
10.908
7A18
362,162
160,298
51.475
73
Total In¢om•
Exp•ndltsrn on:
Raising fvnds
CharitabS8 xtsyil
186.222
573,948
4740
45.638
86,112
92.770
14&457
82,106
Total •xpgndltur•
7,746
123,002
130.748
238.227
N•1 Incom•
80,240
(33.395)
43,220
10W
335.721
Transfers funds
15
Not mov•m•nt In fund•
R•con¢1114tlon of luTrd•:
Total funds brought forward
Nel movement in funts
76,616
103,460
335,721
516.745
76,615
516.746
103,480
181.024
335. 721
Totsl fvnd• c•rrl•d foThv•rd
093,360
820.205
516,745
The Slatoment offfinawal ￿tr￿treS Inthde8 all gains and10$8o8 recognised in ts year.
The notes on pages 12 to 25 fom) part of these financial statements.
Page 9

BU14GAY ARTS AND THEATRE 80CIEff
(A company limltod by gu•rnntse}
REGISTERED NUMBER". 3313901
BALANCE 8HEET
AS AT 28 FEBRUARY 2021
28 FobfU•ry
2021
29 F&bnJary
2020
Flxod a•8et8
Tangib￿ assets
11
615.566
504.607
015,565
504,607
Curr•nt
Stocks
DebtoryJ
Cash at bank and In hafkl
12
13
2.532
8.647
116,417
3,907
1.605
35,623
128,$96
41,135
Crwlitor&.' amunts faHfftg due within one
14
(28.997)
Not curr•nt ••8•ts
104,640
12, 138
Totsl I•￿￿1#• ¢urr•nt Ilabllftl•s
516.745
Not •Mtts •xcludlng p•n•lon *•••1
620.205
516, 745
Total not a•••ts
620.206
516, 745
Charlty funds
Reglricted funds
Unrestricted funds
15
26,845
593,360
15
516,745
Total fund•
620,205
516, r45
Page 10

IA Gomyny Ilmlt•d by gu•rnnts•l
REGISTERED NUMBER: 3313901
BALANCE SHEET {COtrmNUED
AS AT 28 FEBRUARY 2021
The CoFYFany was entstled to 8xempb.on frcAn audit under section 477 ofthe Cury)anie8 Act 20CO.
The members ha¥8 not required the c¢ynpw)y to oblain an audtl for tha year in question In ao>xdance with
section 476 of Companies Act 2¢)X.
The Trustees acknwle&Je theK re8p(xis*ititi8s for ¢omthng wth th8 requir¢monts of the A¢t with ￿SpeCt to
accounting reeoYd8 and preparatK>n of financial statements.
The financial 8tatwNnts have bgen prfjpar￿ in accordance with the provi81￿ aWKatile to enltie8 8ubject to
th& 8maM conynie5 regime.
Tho financial statements ware approtsyd and authorised for i88ue by the TTU8tees and signed on their behalf by..
J M Putman
ITfUStael
The notss on pag•s 12 to 25 forni pJrt of these finanual 8t8tements.
Page11

BUNGAY ART8 AND THEATRE SOCIETY
(A cryny Ilmlt•d by gu4rnnts•)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 28 FEBRUARY 2021
Gon•ral Inforniatlon
Tho company r6 a company Ilmtted by guarantee (company no. 3313901, registèred Engaland & Wales).
Tho rnembers of the rymnpany are the Tru8tees named on page 1. In the event of the compgny being
wound up. ￿ liabilty in r88Pe¢t ofthe guarnntO8 18 limited to £10 per member of the ccryany.
The registered office 18 10 Broad Streec Bungay, Suffolk, NR35 1EE.
AccouTrtln9 poll¢l•o
2.1 Ba818 of pr•par4tlon of fin•nclal 8tal•m•nts
The ffinancTral statements have been prepared in accordance with the Chafiknes SORP IFRS 102) -
Accounts'ng and Reporting by Charitie¥.' Statement of Recommended Practtt apPI￿able lo chaiities
preparing their accounts in accordance with the Finan￿al Rep￿n9 Stsnd3rd appluble in the UK
and Republ￿ of Irdand IFRS 102) (effective 1 January 2019), the Financr41 Reporting Standard
applicabbe in the UK and Republic of Ireland (FRS 1021 arKI the Compantes Acl 20(￿.
Bungay Art$ and Theatre sott￿ty meets Ihe definiti'on of a public benefit ents'ty under FRS 102.
Assets and liabilities are initially recc*Jniged at hisioricai c4)¥t or transaction value unless othe￿188
stated in the relevant a¢xounting p)licy.
12 Golng concorn
The nature of the compa￿$ business is such that the Charity relies heavity upon fvnding from
theatre admis6ion$ which has b88n disnjpted due lo restriction8 imposed in light of the
Covi&19 pandemic. Proactive and vigo￿U6 fijndfaising acbvity continuas to lorn a major a8pect of
¢ore activities. The trustses are dili9enty monitoring the situation over th8 COUTse of thè currenl year
by meeting and reportbng on a monthty basL8.
On the ba$ls of this eash Ilow informalK>n and th8 actual trading results in the ¢urrent year, the
IruBteeB consthr it approwiata to prepar¢ the financial stslwts on a golng conorn basis.
2.3 In¢om•
Al income is re¢¢gntsed once the Company has ￿titlement to the income. it 1$ probable that the
inp)mo will b8 tec8ived and the rnnt of inconx rac*Nabl• can be measurod reliably.
Grants are induded in the Statement of financial activitie8 on 8 receivable basis. The balanee of
income ￿¢*￿¢d for sp8￿C purposes but r￿t exp8nded during the wiod 18 8htr#n in the relevant
lunds on the Balan¢e sheeL Where in¢ome is received in advanc• of entiilement of receipt. its
recognition is deferred and induded in creditors a$ deferr•J in&ime. Where entitlement occurs
befc￿e in¢omg is receNed. the in¢om8 is accwed.
Income tax recoverable in relation to invesknwrt income is recogntsed at the time the investment
income is receivable.
Page 12

BUNGAY ARTS AND THEATRE 8OCIEr
{A comp•ny Ilmlt•d by gu•ranto•)
NOTES TO THE FINANCIAL STATEMENTS
FOR The YEAR ENDED 28 FEBRUARY 2021
Accountlng poll¢l•8 Iconllnu•d)
14 Exp•ndltur•
Exponditure 18 rec(¥Jni8ad ¢)nce there is a kgal tx constn￿ti￿ obligaoon to transfer a¢onomic ber
to a third paty, it 18 probable t*￿ a transfer of economlc benefits WIN be f￿￿1r8d in setttèment and
the amount of the obligation tan measured rdiabty. Expenditurn o clasSrf￿d by activty. The costs
of each 8ctsvity are mfth up of the total of direct cosls arKI Shared costs. induding SUPPOrt costs
involved in undgrtaking oaGh activity. Direct costs attributab￿ to a ￿ftgle actsvity are aHocated directty
to Ihat activty. Shared costs ca)ntribule to more than one 8thity and 8uprA)rt costs whid) are
not 8tirlbutab￿ to a Sing￿ acbwty are appOrt￿ned betwogn tho8e activ¢￿ on a b88is consistent with
the use of rwiurce8. Central Stsff costs are allc*3ted on the basis of tlme spen[ and depwiation
thargas allocated on the of th8 as¥efs use.
Expendi￿re on r8i¥ng fund8 Indud88 all expendi￿re inuJff•J by the Company to raise luThd8 for its
h8T[lab￿ purposes and includes costs of all fvndrnising aclivitigs events and non4harilable trading.
ExperKlitiJrn on charitabl8 &twil￿ is in¢urted on dir0¢* urKlertvl(ing thg which furthor the
Compan*s (tytrm. as wetl as any as801i8ted support costs.
AJI expondilure is inclusive of irrecovernble VAT.
2.5 Gov•mm•nt grnnts
Government grants relth'ng to tangt>le fixod a888t8 are treated as deferred income and r*ased to
the Statement of financial activit￿ over the exp8L*ed useful lives of the assets concerned. Other
grants are credited lo the Statement of financial actV4ilies as the relatsd expondilure is incurred.
2.6 Intor•st v•c•l¥ablg
Intgf•St on funds h•kl on dep081t is ncludgd when rewvabl? ond thè amount can be mea6urad
reli8bty by the Company. this is nomialty UFon notifKthn of the interest p•d or payable by th•
institubon with whom Ihe furth are deposited.
2.7 Tanglbh Ilxod au•ts and d•prnelatlon
Tangible fixed assets ar8 inilbalty recognisad * cost After recognition, under the cost model. lang￿&
ffixod 8s9gts are measurnd al cost less accumulat￿ dopreciation and any a¢¢umul8ted impWmi￿)I
losses. All co8t¥ incurred to bring a tsngibla fixed a88et into its intsnded working C1￿￿￿on •hould be
induded in the mga$uremènt of cosL
At ea¢h reporting date the Company assesses whether there is any indKatK>n of iMpalm￿nt If $u¢h
indication ￿$ts, th¢ recoverable amount of the asset i¥ detemined to be the higher of Its fair vak
less costs to sell and tts V￿￿e in u80. An impaimwit Ios8 is reeognised where the Ca￿y7n9 amount
Pa98 13

BUNGAY ARTS AND THEATRE 80CIErY
IA cOM￿nY Ilmlt•d by guaranto•)
NOTES TO THE FINANCIAL STATEMEvrs
FOR THE YEAR ENDED 28 FEBRUARY 2021
Accountlng pollcl•8 l¢ontlnu•d
2.7 Tan9lbl• flx•d 4•uts and dw•clatlon {¢onllnued)
Depreckqtion 1$ charged g) as to aUc¢ate the c08t of tangitrAe fixed a8eots jess their re8idual vglue
over their ttstimated useful lives.
Deprectalion i? provith•J on the folltrwing bases..
Freehokl propety
Propety rostoration and
renovation
Plant and machinery
Fixtur88 and ffttings
2% straight lin8
2% 8tr8ight line
3.33% straight line
15% redu¢ing balance
2.8 Stoek8
Stocks are valL￿d at the hymer of co81 and nel reaiisablg value after making due 8lk)wance for
obg)l&te and slowrfnoving stocks. C08t indudes au direct costs and an appropriate proportion of fixed
and variable overh8ad&
2.9 D•lJtorn
Trade and other debtors are Yecognisod at the 8ettleThnt amount after any trade drscount offered.
Prepayments are valued at the amounl prewd nel of any trade discounts due.
110 Ca#h at bank and In h*nd
Cash at bank and in hand indudes arKI 8hort4emi highty Imiuid invesknents vAth a short matufity
ofthree month$ or less from the date of wuith.on or opening ofthe dep￿11 or similar account.
2.11 Llabllttlo* and provhlon•
Liabilitias are T￿n18ed wthen ther8 is an obligation gt the Balaneo sheet date aB a result of a past
evgnl, it is prOba￿e that a tran8fer of ￿OnoMiC benefit will te required in SettIen￿nt, and the amount
of the sèttlement can be estimated rnlw.
Liabilities ar8 recognised at the amount that the c￿panY antiopatgs it will pty to settle th8 debt or
the amount it has rtrived as advanc£d payTnonts for the goods or SO￿lCe8 6t must provide.
Provisions are measured at the best estimate ol the amounts requir8d to settle the obligalton. Where
the &ff¢ct of th8 time value of money is material, the provision is based on the present valufr of those
amounts, dis¢ounted at the prtrtax di¥count Tate that rellects the risks sp¢¢ffi¢ to the liabilty. The
unwinding of th6 dlseA)unt is recogni88d in the Statement of finartaal actwities 86 a financo cost
2.12 Financlal In8trumont•
The C¢)mpany onty has financial awts and finan￿81 li8bilitles of a kind that qualify ag basic financial
instruments. Basic financial instruments ar& initially recognised at transaclw value and subsequenwy
m88sured at their ¥¢tt18ment Yalue the exception of bank trjans whth are subsequently
measured at amorti8ed cost using the effectivo inlerest method.
Page 14

BUNGAY ARTS AND ThEATRE socirry
(A comp•ny Ilmll•d ty g￿nn1••)
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 28 FEBRUARY 2021
Accountlng pollcl8• Iconthiu•d)
2.13 Pon8lon•
The Company operates a dofined ￿ntrI1>￿tiOn pon8lon scheme and the pen8i0n chwgo ropre8ents
the amounts payable ty the Company to the fijnd in resF*X of the year.
2.14 Fund 1¢￿￿￿tIng
Goneral funda are unrestricted fvnd$ whk* are available lor u8• * the discrotson Of the Trustees in
furtherance of the g6rw81 obi8ctsves of the Company and which have I￿1 been de8ynated for other
pu￿058$.
Rostricted funds are fvnds which arè to bo used in accordance with specific restrictions imp08ed by
donors or whth hav8 been ￿Sed by the Company for particular PUTPOS¢8. The costs of Taising and
admini8tering such fund¥ 8r8 charged against the ¥peok ￿nd. The aim and ￿ of each restricted
fund is Set in th& notes to the finandal statements.
Investment incom&. galn8 and losses are 8ll¢x¥bJ to the appropriate lund.
Incom• from don*tlon• and 10gacl••
Tot•1
fund•
funds
20
fund•
lund$
2020
4,327
131.081
12,479
4.327
199,067
12h79
60,662
101,500
Gronts
Government grants. Job Retention Scheme
Loan wwi¥er- The Architxtural Henbpa Fund
67.986
2tXI.000
67,986
147.867
215073
362, 162
In 2019 The kn)it¢￿￿1 Herrtap FurKI agfead to wabve £200.000 of £331.982 Ic*n balanrA rf
Sufficient funds were rai¥ed to wbstsntialty repay the108n. During the pn.or year Ihe Chaiity mpthented
9overal fundraistTrJ inibatrrfe8 in order lo repay this kjan. In 2020 £343.S78 of the income wa5 re8tri¢led
which relatss to lund6 raised for the repoyThont of The Architectural Horitsge Fund ￿an.
in 2020, £18,584 was unre8tslclod incoTh.
Page 15

BUNOAY ARTS AND TrIEATRE 8ocieTY
IA comp•ry Ilmlt•d by gu*Ante•
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
In¢omo from charftabl• actlvltlo8
Total
fun
2021
Total
funds
2020
fund•
2021
Admissions and th&*rg hire
Hire of premises- 84r
10.881
47
lo￿61
47
124673
31,625
10.908
10,908
160.298
Totsl 2020
160.298
160,298
Income from oth•rtr•ding actlvld
Incomo Irom lundrnl$lng •v•nts
Unr•fjtrfcted
fund
2021
Tot•1
fund•
2021
Tot
funds
2020
Other incoming resources
202
202
Total 2Q20
160
Page 16

IA ¢ompary Ilmlt•d ty gu•rant••
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 28 FEBRUARY 2021
lTrcom• from oth•r tr4dlng actlvMl•s (¢ontinu•d)
In¢Mi• from n¢)n ¢harltabh tr•ding aetlvlll•8
Totsl
fund•
2021
Total
funds
2020
funds
2021
Caf8, bar and restaurant
Fundraising events
Lottery
Dance cla86e8
3,056
371
3.789
46,690
371
3,890
735
7,218
7216
51,315
Tot812020
51,315
51.315
Inv•fjtsn•Dt Incom•
Total
funds
Total
fijnds
2020
tund$
20
Depo66t 8￿nt intorest
13
Total 2020
13
13
Page 17

BUNGAY ARTS AND THEATRe SO¢lErY
(A company Ilmlt•d by guarant•e)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
Anaty•h of •xpgndlturn by acttvltl••
Actlvltlo8
nd•rt•k•n
dlreclly
2021
Support
Total
fund8
2021
Total
lunds
2020
2021
charitsb￿ ￿tr￿tieS
52.889
29,331
2.892
82,220
2A92
141.743
3,714
52,889
32.223
86,112
145.457
Totsl 2020
116,243
29.214
145,457
Anaty•l8 of dlv•¢t ¢o•ts
Totsl
Athloos fund•
2021
Tot
fvnds
2020
Depreciation
Theatre 8nd olher events
Sund
Adverb"sing
L￿ht and hoat
Telephone
Insurance
Rates and water
Computer sofhvare
l)onaltons
22,716
9,430
209
4.279
6.223
1,627
3.924
972
3.509
22,716
9,430
22,41T
69.188
1.071
4643
7.951
1.359
4,371
824
2, 726
693
4,279
6.223
1,627
3,924
52,889
52,889
116.243
Toto12020
116,243
116,243
Page 18

BUNGAY ART8 AND ThEATRE SOCIETY
{A ¢omp•ny Ilmlt•d by gy•f•nts•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
An•ly•l• ol •xp•ndlturn by acovltim (¢ontlnuod)
Analy•b of 8UPPOrt co•t•
Totsl
nds
2021
Total
funds
2020
Acllviti•• Gov•rnanc•
20
20
24.222
1,020
1,083
24.222
1.020
1,083
25,5
Recrufvnt and DBS
othor staff expen8eS
COVID relatgd eyp￿dI1Ur0
Legal f888
A¢eountar
Consuttancy
Bank charyJ8s
520
2,470
70
278
70
724
29,331
2.892
32,223
29.214
Totsl 2020
25.
3,774
29.214
lThd•pendont •xamln•rf• rnmunoratlon
20
2020
Fees Payab￿ to the Compan￿$ indapendent examiner for thè independent
exami￿￿10n of th8 Compan￿$ annual
2.470
2021
2020
Waoas and 8alari88
So¢ial security c08ts
ContritArtion to dgfinod contrknution pension s¢hem8s
48,458
f3
47￿67
,414
Py19

BUNGAY ARTS AND THEATrE 8OCIErY
(A comyny Ilmil•d by gu•r¥nt••)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 28 FEBRUARY 2021
Staff Go•ts (Contlnuodl
The average number of persofts ¢mployed by the C￿￿partY during the year was as follm:
2020
No.
No.
No employe• re¢etvod remuneration amounting to more than £60.OW in eittw year.
Tho key manag￿￿nt per8onnel of tho charity arn the Trustees. treasurer and the managem&nt team.
The pay and benellts of the manage1r￿nt team during the yew were £25.902 {2020: £28,048).
10. Tru8100s' rnmun•ratlon and •xp•M8•
DurirKJ tho year. no Trustees received any remuneration or othor benefits (2020- £NIL).
During the year ended 28 February 2021. 6xpgnses totalling Q.441 were reimbur8ed or paid directty to 1
Tru$t¢e (2020- £431 to l TA￿188).
11. T•n9lble fix•d a•••ts
Property
rn8tor•tAon
Fmhold
and
Pl*nt •nd Flxtum and
i)rop•rty r•novatJon rn•¢hln•ry
Ilttlng•
Total
Co•t or Valuatlon
At 1 ma￿ 2020
AdJilion8
186.250
649.876
11S,634
3,39S
950.760
33.672
At 28 Febwary 2021
186.260
649,876
30,277
119.029
984,432
Doprociatlon
At 1 March 2020
Charge for the year
60.018
312￿74
12A92
83,261
446,153
22,714
1.009
At 28 February 2021
53,723
325266
1,009
468.867
Page 20

BUNGAY ATh AND THEATr£ 8OCIErY
(A com￿TrY Ilmlt•d by guaranto•)
NOTES TO THE FINANCIAL 8TATEMEKrs
FOR THE YEAR ENDED 28 FEBRUARY 2021
11. Tanqlbl• Ilx•d a•••ts (contlnu•d)
Prop•rty
r••torntlon
Fr••hold
and
Plant and Flxtur•s and
prop•rty ron0v￿On nMGhln•ry
Ilttlngs
Totsl
N•t IM)ok valu•
At 28 FebNary 2021
131,627
324.810
29268
30.160
515,565
At 29 hb1￿￿ 2020
135,232
337,002
32,373
504,60T
12. Stocks
28 F•bruary 29 February
2020
Goods for r8salg
2,$32
3,907
13. D•btorn
28 F•bNary 29 February
2021
2020
Du• wlthln on• y•ar
Trade debtors
Othor debtor¥
8,847
1, 192
413
8,047
1.605
Pw21

BUNGAY ARTS AND THEATRE SOCIErY
(A ¢ompany Ilmlt•d by guarnnts•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENI)ED 28 FEBRUARY 2021
14. Cr•dltorn: Amounts f•lllng du• whhln on• yoar
28 FobNary 29 Febrn?ry
2021
2020
Trade creditors
othèr taxation and 80cial security
Other ¢redilors
Accruals and deferred In¢on
5,600
6.816
3,244
13,337
4,314
2.142
11.462
21.956
28,997
Page 22

8UNGAY ARTS AND ThEATRE SOCIETY
IA eomp•ny Ilmk•d by gu•r4nt••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
15. Stst•m•nt of fund•
statomont of lund8- curr•nt y￿r
Balanu at
Tran•f•r• 28 F•bruary
Inlout
2021
Balance at I
M•r¢h 2020
In¢omo Exp•ndttur•
unr••tr1c￿ fund•
Genaral Fund5
516,74S
186,222
1123,002
593,360
R•8trlctad lund•
P¢y4¥er to Change. COVfD
8UPPOrt
Hwitsge Emerggncy Fund
Pwer to Change- Feasibilty
.006)
(3,396)
(30.0001
7.986
(4,740}
67.986
17,746)
133395)
Totsl ol funds
616,745
234,208
{130,748
620,206
Tho Power to Chang8 COVID support grant was rec¢iv8d to help fvnd revenue and ca￿ts1 yndir4J. The
capital element fvThJ tho r•fU￿1$hm9nt of the tO￿ats. 8 project which will be compleled in th& next
financial y&8r.
Tho Heritsg8 Emeffdancy Fund wa¥ re¢er4ed to supply and install a now lrfl which was ¢omrAeted during
the year.
Page 23

BUNGAY ARTS APKI THEATRE SOCIErf
{A ¢ompany Ilmlt•d by guaran￿)
NOTE8 TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 28 FEBRUARY 2021
15. Statsm•nt of fund• Icontlfiu•d)
Statwn•nt of fund•- prlory•ar
Bal8n¢e at
l M8rch
2019
Balance at
Trnnsfers 29 F&bm8ry
2020
unr￿trICtOd fvnd8
General Funds
161.246
230.370
{233,587)
358,716
516.745
Rostrlctod fund•
Restricted Fund8- all funds
Fowe Foundatwjn
WREN
Loan waivèr and Testsicthl
donations to securè tho
propety
1,968
17,810
(1,968)
(2.672)
(15. 138)
343,578
(343,578)
19,778
343.578
(4.640)
f358, 716)
Total of fund¥
181.024
573,948
(238,227)
516,745
16. ATraty•l• of not a•uts b•lw•on fund•
Analy•lo of nel aM•ts b•tw•en fvnd8- ¢urr•nt yoar
Total
fvnd•
fvnd•
fundi
28 Fobruary 28 F•bru•ry 28 Febrnary
2021
2021
2021
Tangibl8 fixed awts
Current a8sel$
Crgditors due wÈlhin ¢)no year
515.565
99,751
(21.9561
615,665
126,$96
121.9561
26.845
Total
26,845
593.360
620.208
Page 24

BUNGAY AftT8 AND THEATRE SOCIETY
(A company Ilmlt•d by gu•r4nts•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
16. Anaty•ls of n•t ••8Ot• b•tw••n fund• Icontlnu•d
An•ty•l8 ol n•t a•••t• bol*wn fvnd•- prfor yoar
Unrnst
Totsl
nds
lunds
29 Febru8ry 29 F8brn8ry
2020
2020
Tangib10 assets
Current asGets
Creditors due within ono
504,807
41,135
{28,997)
504,607
41.135
128,997)
Total
518,745
516.745
17. P•Mion ¢¢mmltrn•nts
The total pen91￿ ¢ontrlbutions in the year We￿ £2.609 {2020: £1,943). Thorn wwo no aff￿unts unpaid at
the year end.
18. R•l•tod party tran•aclloM
The Company ha8 not efiter¢d into any related party transaction during the year. nor are there any
outstanding b#lan¢es tr*in9 betrween rewj parbes and the Cryny at 28 February 2021.
Pago 25