# ## ## ||Page| |---|---| |Index to the Financial Statements|| |Report ofthe Trustees|3-6| |Independent
Auditors'
Report|9-11| |Consolidated
Statement ofFinancial Activities|12| |Charity Statement ofFinancial Activities|13| |Consolidated
and Charity Financial Positions|14| |Group Accounting
Pogcies|15-16| |Notes to the Consolidated
Accounts|17-24| ## ||||Reference and Admlnistr|ve|Details||| |---|---|---|---|---|---|---|---| |Trustees|||||||| |The Trustees of Shoreditch|||Town Hall Trust, who are also directors ofthe charity company|||for the purpose ofcompany|law,| |during the|year to 31March||2021 and since that date have been:||||| |Chairman:|||Stephen
N Robertson||||| |Vice Chair|IActing|Chair:|Penny JWrout||||| |Acting Vice Chair:|||Michael
D Berg||||| |Trustees:|||Heather
D Clark Charrington||||| ||||Tania BHarrison||||| ||||William TC Hodgson||||| ||||Alexandra
K M Jeffreys||||| ||||Jesse Jones||||| ||||Jonathan
D McShane||||| ||||James TPidgeon||||| ||||Cllr Stephen Race||||| |Secretary:|||James Pidgeon||||| |Senior management||team:|James Pidgeon (Director &Chief|Executive)|||| ||||Grant O' Brien (Head ofVenue &|Events)|||| ||||Ida Karimi (Head ofFinance &Administration)||||| ||||Eda Nacar
(Head ofCommunications||&Audiences)||| ||||Sam Evans (Head of Production)||||| |Address and Registered ONce:|||||||| |Shoreditch|Town Hall, 380Old Street, London EC1V9LT||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## |Our Values|Our Values||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||Adventure||||||||||||||||| ||We embrace an adventurous
spirit, relishing
in the unexpected|||||and|the nsw. We constantly||||||champion||a|risk aware|| ||rather than
risk averse approach.||||||||||||||||| ||Collaboration||||||||||||||||| ||We believe that collaborating
with people||from afi backgrounds|||and|walks of life is||||the key||to success.||We value||| ||open, transparent
and robust relationships.||||||||||||||||| ||Entrepreneurialism||||||||||||||||| ||We pride ourselves
on our independency||and efficient use||of|resources. We strive|||||to bs entrepreneurial,|||||creative and|| ||innovative
in everything
we do.||||||||||||||||| ||Progress||||||||||||||||| ||Just like our founders,
we are a flexible, forward-thinking,|||progressive||||organisation|||that|explores new ideas, relishes|||||| ||experimentation,
and chafiengss|outdated|models.||||||||||||||| ||Quality||||||||||||||||| ||We strive to promote ths highest|quality
in everything
we do, whilst|||||remaining||open||to who||interprets
and defines this.||||| |Our Strategic Priorities|||||||||||||||||| |1.|A Welcoming
Home||||||||||||||||| ||We will continue
to preserve,
restore and||develop our landmark
Grade
II listed||||||building,|||championing
our unique|||||| ||history, heritage and architecture|whilst enhancing
our accessibility,||||||openness|and||use|in a modem4ay||||context.|| |2.|Our Programmes||||||||||||||||| ||We will maintain
and strengthen|an inventive,
popular
and|||eclectic||programme||of|cultural,|||community||and live event||| ||activity, animating
our unique spaces, and positioning
the||||Town Hall|||as a leading venue ofcontemporary||||||||culture that|| ||sducates, enriches and inspires|locals and visitors alike.|||||||||||||||| |3.|Proffle &Clarity||||||||||||||||| ||We will build on the Town Hall's|existing brand and profile,|||utilising||digital platforms,||||press||exposure and innovative||||| ||communication
strategies
to develop a clear and strong
identity that|||||||celebrates|representation,|||||inclusion||and|| ||excellence.||||||||||||||||| |4.|Forging Connections||||||||||||||||| ||We will ensure that Shoreditch
Town Hall||is at the centre ofcivic life|||||in Shoreditch||and||East London,
nurturing|||||new| ||and existing relationships
with local residents,
businesses,||||schools||and community||||groups||whilst also||developing||| ||diverse and loyal visitors, partners,
funders
and collaborators|||||from|Hackney and further|||||afield.|||||| |6.|Developing
Talent||||||||||||||||| ||Ws will nurture
and develop new|and existing talent, ensuring||||the Town Hall is an||||inspirational||||learning||and|| ||development
hub that provides
transformative
opportunities||||to, and||celebrates||the||skill|and|energy of,||our staff,||| ||artists, and young people.||||||||||||||||| |6.|Resilient Growth||||||||||||||||| ||We will develop the Town Hall's|business|model, income streams,||||environmental|||sustainability||||and good governance|||| ||in order to strengthen
our independency,||malleability
and|long-term||||resilience,|ensuring|||the organisation||||is enjoyed|| ||for generations
to come.||||||||||||||||| ||||Annual
review||2020/21||||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |||Unrestricted|Restricted||Total Funds|Total Funds| |||Funds|Funds|||| ||Notes|5|f||f|5| |Income from:||||||| |Donations
and legacies||||||| |Charitable
activities||416,397|163,124||579,521|289,229| |Other trading
activities||208.961|||208,961|1,053,164| |Investments||179|||179|793| |Other||248|||248|13,291| |Total income||626,785|163|124|788,909|1,356,477| |Expenditure
on:||||||| |Raising funds|6|27,801|||27,801|60,927| |Charitable
activities|9|556,161|168,794||724,955|1,066,291| |Total expenditure||583962|168,794||752,756|1,127,218| |Net operating
Income I(expenditure)||41 823|(5)670)||36 153|229)259| |Transfers
between funds||||||| |Restricted to general|21|(134)||134||| |Net incoming resources for the year||41)689|(5|536)|36~153|229259| |Reconciliation
offunds:||||||| |Total funds brought forward||170,186|172,473||342,659|113.398| |Total funds carried forward||211,875|166,937||378,812|342.657| ## ||||||||2021|2020| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total Funds|Total Funds| ||||||Funds|Funds||| |income from:||||||||| |Donations|and legacies||||33,834||33,834|15,760| |Charitable|activities||||416,227|163,124|579,351|289,229| |Other trading
activities|||||206,815||206,815|968,810| |investments|||||179||179|793| |Other income|||||248||248|108| ||||||657303|163124|020~27|1274700| |Expenditure|on:|||||||| |Raising funds|||||4,030||4,030|13,275| |Charitable|activities||||572,602|168,794|741,396|1,060,541| ||||||576632|160704|745~26|1073016| |Net income|I(expenditure)||and movement|in funds|80,671|(5,670)|75,001|200,884| |Transfers
between||funds|||(134)|134||| |Reconciliation
offunds:||||||||| |Total funds|brought|forward|||167,417|172,473|339,890|139,006| |Total funds|carried|forward|||247,954|166,937|414,891|339,890| ## ## |Consolidated
and Charity Financ
as at 31 March 2021|ial Positions||||| |---|---|---|---|---|---| |||The Grou||The Charl|| |||2021|2020|2021|2020| ||Notes||||| |Fixed assets|||||| |Tangible fixed assets|11,12|1,541|3,081|1,541|3,081| |Investments|13,14|||4|4| |||1,541|3,081|1,545|3,085| |Current assets|||||| |Stocks|15|4,124|4,795||| |Debtors|16|54,807|79,135|123,721|132,577| |Cash at bank and In hand||eoe,o7e|539,244|572,342|480,419| |||667,007|623,174|696,063|612,996| |Creditors: falling due within one year|17|289,736|283,596|282,717|276 191| |Net current assets/(liabilities)||377,271|339,578|413,346|336805| |Net assets||378,812|342,659|414,891|339,890| |The funds ofthe charity|||||| |Unrestricted
funds||211,875|170,186|247,954|167,417| |Restricted funds|22|166,937|172,473|166,937|172,473| |Total charity funds|18,20|378,812|342,659|414,891|339,890| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Group||Charity|| |---|---|---|---|---|---| |2|Net incoming
resources|2021|2020|2021|2020| ||Netincoming
resources are stated after charging:|E||E|E| ||Auditor's fees - audit services|7,600|7,600|1,850|1,850| ||Auditor's fees - other services|1,750|1,800|1,750|1,800| ||Depreciation - owned assets|1,540|1,540|1,540|1,540| ||Trustees'
emoluments||||| |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |4|Charitable|activities||||Unrestricted|Restricted|Total|Total| ||||||||E|E|E| ||Grant income|||||401,672|163,124|564,796|169,000| ||Ticket &community|||income||11,335||11,335|107,483| ||Ticket booking fees|||||520||520|7,345| ||Merchandise||sales|||2,700||2,700|70| ||Boxoffice commissions||||||||5,331| ||Ticket sales|||||170||170|| |||||||416,397|163,124|579,521|289,229| |||||||||2021|2020| |5|Other trading||activities|||Unrestricted|Restricted|Total|Total| ||||||||E|E|E| ||Office rentals||&service charges|||127,971||127,971|169,951| ||Hall &room|hires||||75,414||75,414|712,288| ||Event staff &||security|costs recovery||3,430||3,430|86,571| ||horeditch|Town Hall Tradin|||Limited||||| ||Bar income|||||2,146||2,146|| |||||||208,961||208,961|1,053,164| |||||||||2021|2020| |s|Investments|||||Unrestricted|Restricted|Total|Total| |||||||E|E||f| ||Bank interest||received|||179||179|793| |||||||179||179|793| ## ## ## ## ## ||||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---|---| |7|Other||||||Unrestricted|Restricted|Total|Total| ||||||||E|8|8|| ||Miscellaneous|income|||||248||248|108| ||Ditch Productions|||Limit||d||||| ||Theatre tax relief refund|||||||||13,183| ||||||||||2021|2020| |8|Raising funds||||||Unrestricted|Restricted|Total|Total| ||||||||8|s||| ||Misc hire recharge|||costs|||80||80|5,474| ||Graphic &website|||design|||2,350||2,350|7,151| ||Advertising
&promotion||||||1,600||1,600|649| ||h
I hT wnH|||IIT|din|Ltd||||| ||Staff costs|||||||||14,334| ||Purchases||||||3,852||3,852|28,731| ||Other costs||||||58||58|4,205| ||Dlt hP
I|n|Llml|||||||| ||Production costs||||||19,815||19,815|| ||Other costs||||||46||46|383| ||||||||27,801||27,801|60,927| ||||||||||2021|2020| |s|Charitable
activities||||||Unrestricted|Restricted|Total|Total| ||||||||E|0|f|| ||Capital work expenditure|||||||2,670|2,670|31,874| ||Community
project|||expenses|||6,039||6,039|13,969| ||Cultural
programme|||costs|||52,350|3,000|55,350|194,848| ||Premises operating|||costs|||137,725||137,725|204,402| ||Staff costs||||||240,191|163,124|403,315|432,453| ||Boxoffice staff||||||8,888||8,888|22,943| ||Repairs, maintenance||||&office administration||101,598||101,598|155,963| ||Board meetings||||||20||20|439| ||Auditors fees||||||9,350||9350|9,400| ||||||||556,161|168,794|724,955|1,066,291| ||||||||Group||Charity|| |10|Staffcosts||||||2021|2020|2021|2020| ||||||||5|5|5|5| ||Staff salaries||||||374,471|405,850|374,471|391,517| ||Staff social security||||||22,315|33,120|22,315|33,120| ||Staff pensions||||||6,529|7,817|6,529|7,817| ||||||||403,315|446,787|403,315|432,453| |No remuneration
was paid to any|Trustee or|their associates for services as a trustee during the year ended 31 March 2021 nor|their associates for services as a trustee during the year ended 31 March 2021 nor|their associates for services as a trustee during the year ended 31 March 2021 nor|their associates for services as a trustee during the year ended 31 March 2021 nor|their associates for services as a trustee during the year ended 31 March 2021 nor| |---|---|---|---|---|---|---| |at 31 March 2020.||||||| |Employees
paid in excess of560,000during||the current year||||| |and previous
year:|||None|None|None|None| |Average number
of(non-casual)|employees|during
the year was:|12|14|12|14| ## ## ## ## |or t|he
ear ended 31 March 2021||||| |---|---|---|---|---|---| |11|Tangible gxed assets: Group|Technical|Fixtures 6|Office|| |||equipment|fittings|equipment|Total| |||E|E|E|E| ||Cost||||| ||As at 1 April 2020|11,000|15,401|15,125|41,526| ||As at 31 March 2021|11,000|15,401|15,125|41,526| ||Depreciation||||| ||As at 1 April 2020|11,000|12,320|15,125|38,445| ||Charge for the year||1,540||1,540| ||As at 31 March 2021|11,000|13,860|15,125|39,985| ||Net book value||||| ||As at 31 March 2021||1,541||1,541| ||As at 31 March 2020||3,081||3,081| |12|Tangible fixed assets: Charity|Technical|Fixtures &|Office|| |||equipment|fittings|equipment|Total| ||||E|E|E| ||Cost||||| ||As at 1 April 2020|11,000|15,401|15,125|41,526| ||As at 31 March 2021|11,000|15,401|15,125|41,526| ||Depreciation||||| ||As at 1 April 2020|11,000|12,320|15,125|38,445| ||Charge for ths year||1,540||1,540| ||As at 31 March 2021|11,000|13,860|15,125|39,985| ||Net book value||||| ||As at 31 March 2021||1,541||1,541| ||As at 31 March 2020||3,081||3,081| |13|Investments|Group||Charity|| |||2021|2020|2021|2020| |||E||E|E| ||Market Value||||| ||As at 1 April 2020||||| ||As at 31 March 2021|||4|4| ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |||||||E| |Tangible
fixed assets||||||| |Current assets|||||38,426|42,293| |Current liabilities||due|within|one year|38,426
~43.438|42,293
~8457| ||||||(5,012)|33,836| |Represented
by.||||||| |Share capital||||||2| |Retained
profits||||||33,834| ||||||(5,012)|33,836| |Turnover
Cost ofsales|||||2,146
~3052|84,354
~43.065| |Gross profit|||||(1,706)|41,289| |Administration
expenses|||||37,142|23,215| |Net profit/(loss)|for year||||(38,848)|18,074| |Corporation
tax|charge|||||| |Retained
profit/(loss)|||brought|forward|33,834|15,760| |Retained
profit/(loss)|||cerned|forward|(5,014)|33,834| ## ## ||||2021|2020| |---|---|---|---|---| ||||E|E| |Tangible fixed assets||||| |Current assets|||1,428|22,461| |Current
liabilities: due|within|one year|1,428
~32,488|22,461
~55527| ||||(31,060)|(31,060)| |Represented
by:||||| |Share capital
Retained
profits|||2
~31,062|2
~31,062| ||||(31,060)|(31,060)| |Turnover
Cost ofsales|||22,361
~17.203|(12,132)| |Gross profit|||5,158|(12,132)| |Administration
expenses|||5,158|2,883| |Net profit/(loss)
for year||||(15,015)| |Corporation
tax charge
Retained proW(loss) brought||forward|~37,062|25,315
~41,362| |Retained
profit/(loss)|carried|forward|(31,062)|(31,062)| ## ## ## |or t|he
ear ended 31|March 2021|||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Group||Charity|| |15|Stocks|||||2021f|2020f|2021
f|2020
f| ||Goods for resale|||||4,124|4,795||| |||||||4,124|4,795||| |||||||Group||Charity|| |16|Debtors: amounts|falling due within one||year||2021
f|2020f|2021
f|2020f| ||Operating
debtors|||||7,037|62,484|7,037|61,655| ||Accrued income|||||33,300||33,300|| ||intercompany
account - STHTrading||Limited|||||40,084|3,250| ||intercompany
account - Ditch Productions|||Limited||||28,830|51,021| ||Prepayments|||||14,470|16,651|14,470|16,651| |||||||54,807|79,135|123,721|132,577| |||||||Group||Charity|| |17|Creditors: amounts|falling due within one year||||2021|2020f|2021
f|2020
f| ||Operating
creditors|||||79,639|45,782|78,377|43,826| ||Deposits held|||||53,642|59,497|53,642|59,497| ||VAT liability|||||(333)|1,783|(333)|2,092| ||Payroll taxes||||||(95)||(95)| ||Pension
Fund||||||(22)||(22)| ||Accruals|||||20,718|17,759|14,961|12,001| ||Deferred income|||||136,070|158,892|136,070|158892| |||||||289736|283898|282717|2761~1| ||||||Opening|Resources|Resources|Other|Closing| |18|The funds ofthe Group: current year
~dt dt
d*||||balance|arising
f|utgissd|movements|balance| ||Restricted income funds||||172,473|163,124|(168,794)|134|166,937| ||~n~tn
t ~fi~ns||||||||| ||General funds||||170,186|625,785|(583,962)|(134)|211,875| ||||||342,659|788,909|(752,756)||378,812| ||||||Opening|Resources|Resources|Other|Closing| |19|The funds ofthe Group: prior year||||balance|arising
f|utglssd|movements|balance| ||~R~tn
t
t~fun||||||||| ||Restricted
income funds||||61,681|169,000|(53,208)|(5,000)|172,473| ||Unrestricted
funds||||||||| ||General funds||||51,720|1,187,477|(1,074,011)|5,000|170,186| ||||||113,401|1,356,477|(1.127,219)||342,659| ## ## ## ||||Opening|Resources|Resources|Other|Closing| |---|---|---|---|---|---|---|---| |20|The funds ofthe charity: current year||balance|arising|utlllsed|movements|balance| |||||E|||| ||~IG G' I dt
d*||||||| ||Restricted income funds||172,473|163,124|(168,794)||166,937| ||Vnrestrfcted
funds||||||| ||General funds||167,417|657,303|(576,632)|(134)|247,954| ||||339,890|820,427|(745,426)||414,891| ||||Opening|Resources|Resources|Other|Closing| |21|The funds ofthe charity: prior year||balance|arising|utlllsed|movements|balance| |||||E|||| ||~R(ringfunds||||||| ||Restricted income funds
~ut *t
II
d||61,681|169,000|(53,208)|(5,000)|172,473| ||General funds||77,325|1,105,700|(1,020,608)|5,000|167,417| ||||139,006|1,274,700|(1,073,816)||339,890| |22|Restricted funds: Group and Charity - current||Opening|Incoming|Resources|Transfers a|Closing| ||year||balance|resources|expended|adjustments|balance| ||||E||E|E|| ||C~ll||19,607||2,670||16,937| ||Backstage trust||150,000||||150,000| ||Cultural
Pro
ramme|Gran|||||| ||Cockayne - Grants forthe Arts and The London||||||| ||Community
Foundation||3,000||3,000||| ||Discover Young Hackney||(134)|||134|| ||Coronavirus
Job Retention Scheme Grant - (CJRS)|||163,124|163,124||| ||||172,473|163,124|168,794|134|166,937| ||Restricted funds: Group and Charity - prior||Opening|Incoming|Resources|Transfers 8|Closing| |23|year||balance|resources|expended|adjustments|balance| ||||E||E|E|E| ||C~IG I G||56,681||37,074||19,607| ||Theatres Trust|||5,000|5,000||| ||Backstage trust|||150,000|||150,000| ||Cultural
Pro
ramme|Grants|5,000|||(5,000)|| ||Cockayne - Grants forthe Arts and The l.ondon||||||| ||Community
Foundation
Discover Young Hackney|||10,000
4,000|7,000
4,134||3,000
~tdd| ||||61,681|169,000|53,208|(5,000)|172,473| ## ## ## |||claims have been paid|to the employees
who|the claims relat|e to.|| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|| |24|Net assets attributable|to funds: Group - current year|funds|funds|funds|Total| ||||E|E|E|E| ||Tangible
fixed assets||3,081|||3,081| ||Current assets||450,701|172,473||623,174| ||Current
liabilities||~283,596|||~283.586| ||Net assets represented|by funds|170,186|172,473||342,659| ||||Unrestricted|Restricted|Endowment|| |25|Net assets attributable|to funds: Charity - current year|funds|funds|funds|Total| ||||E|||E| ||Tangible fixed assets||1,540|||1,540| ||Investments||4|||4| ||Current assets
Current
liabilities||529,126
~282716|166,937||696,063
~282716,| ||Net assets represented|by funds|247,954|166,937||414,891| ||||Unrestricted|Restricted|Endowment|| |26|Net assets attributable|to funds: Group - prior year|funds|funds|funds|Total| ||||E|E|E|E| ||Tangible fixed assets||3,081|||3,081| ||Current assets||450,701|172,473||623,174| ||Current
liabilities||~283,599|||~283.596| ||Net assets represented|by funds|170,186|172,473||342,659| ||||Unrestricted|Restricted|Endowment|| |27|Net assets attributable|to funds: Charity - prior year|funds|funds|funds|Total| ||||E|E|E|E| ||Tangible
fixed assets
Investments
Current assets
Current
liabilities
Net assets represented|by funds|3.081
4
440,523
~2761~1,
172,473
167,417
172,473|||3,081
4
612,996
~276797
339,890| ## ## ## ## ## ## ## ## ##