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2021-03-31-accounts

Trustees L Bacon
KCarne
R Christiansen
LDean
Sir R Dearlove
A Farnsworth
A Glinsman
SGrady
J Iliffe
I Mather,
Chairman
D Rapley
A Swarbrick
Company registered
number 03536370
Charity registered
number 1069912
Registered office 6St Edward's Passage
Cambridge
CB23PJ
Company Secretary VBeechey
Chief Executive Officer D Murphy
Independent auditors Peters Elworthy LMoore
Chartered
Accountants
Salisbury
House
Station Road
Cambridge
CB1 2LA
Bankers National
Westminster
Bank pic
21 Petty Cury
Cambridge
CB23NE
Senior Management VBeechey, Head ofFinance
Team C Brindle, Programming and Productions Manager
K Collins, Head of Marketing and Sales
JCree, Head ofTechnical
N Hupe, Development Director
KKeegan, Executive Assistant to the Chief Executive
D Rogers, Executive Director

As restated
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note E F
INCOME FROM:
Donations
and grants
3 1,131,400 115,563 1,246,963 114,899
Charitable
activities
4 140,208 140,208 4,482,902
Other trading activities: 5
Raising funds and generating
membership
income
98,769 98,769 265,595
Investments 294 294 1,444
Other income 303,075 303,075 9,500
TOTAL INCOME 1,673,746 115,563 1,789,309 4,874,340
EXPENDITURE ON:
Raising funds and generating
membership
income
8 57,634 57,634 113,798
Charitable
activities
9,10 1,662,816 77,403 1,740,219 4,502,250
TOTAL EXPENDITURE 1,720,450 77,403 1,797,853 4,616,048
NET MOVEMENT
IN FUNDS
(46,704) 38,160 (8,544) 258,292
RECONCILIATION
OF FUNDS:
Total funds brought
forward (as
restated) 1,548,583 1,327,529 2,876,112 2,617,820
Net movement
in funds
(46,704) 38,160 (8,544) 258,292
TOTAL FUNDS CARRIED FORWARD 1,501,879 1,365,689 2,867,568 2,876,112

COMPANY BALANCE SHEET COMPANY BALANCE SHEET
AS AT 31 MARCH 2021
As restated
2021 2020
Note K
FIXEDASSETS
Tangible assets 13 1,724,594 1,779,736
Investments 14 103 103
1,724,697 1,779,839
CURRENT ASSETS
Stocks 2,049 8,019
Debtors 15 313,120 278,801
Cash at bank and in hand 1,348,942 1,687,163
1,664,111 1,973,983
Creditors: amounts falling due within one
year 16 (519,452) (875,976)
NET CURRENT ASSETS 1,144,659 1,098,007
TOTAL NET ASSETS 2,869,356 2,877,846
CHARITY FUNDS
Restricted funds 18 1,365,689 1,327,529
Unrestricted
funds
18 1,503,667 1,550,317
TOTAL FUNDS 2,869,356 2,877,846

2021 2020
Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used
in operating
activities
22 (326,361) 317,071
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests
and rents from investments
294 1,444
Purchase oftangible fixed assets (39,230) (96,565)
NET CASH USED IN INVESTING ACTIVITIES (38,936) (95,121)
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR (365,297) 221,950
Cash and cash equivalents
at the beginning
ofthe year
1,739,585 1,517,635
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 23 1,374,288 1,739,585
The notes on pages 21 to 43 form part ofthese financial statements

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021f 2020
Donations 83,105 70,563 153,668 114,899
Grants 985,000 45,000 1,030,000
Gift in kind 63,295 63,295
1,131,400 115,563 1,246,963 114,899
TOTAL 2020 64,899 50,000 114,899

Unrestricted Total Total
funds funds funds
2021 2021 2020
Income from performances -admission fees 130,446 130,446 4,048,459
Front of house 9,762 9,762 379,415
Other income 55,028
140,208 140,208 4,482,902
TOTAL 2020 4,482,902 4,482,902

Unrestricted Total Total
funds funds funds
2021f 2021 2020
98,769 98,769 265,595
265,595 265,595

Unrestricted Total Total
funds funds funds
2021f 2021
f.
2020
F
Interest reveivable 294 294 1,444
TOTAL 2020 1,444 1,444
OTHER INCOMING RESOURCES
Unrestricted Total Total
funds funds funds
2021
E
2021f 2020
F
Government grants 303,075 303,075 4,500
Insurance
proceeds
5,000
TOTAL 2021 303,075 303,075 9,500
TOTAL 2020 9,500 9,500

Unrestricted Total Total
funds funds funds
2021 2021f 2020
F
Fundraising staff costs 57,634 57,634 113,798
TOTAL 2020 113,798 113,798

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
F
Theatre running costs 1,535,715 77,403 1,613,118 4,189,797
Front of house costs 127,101 127,101 312,453
1,662,816 77,403 1,740,219 4,502,250
TOTAL 2020 4,418,272 83,978 4,502,250

Total Total
Staffcosts Depreciation Other costs funds funds
2021 2021 2021 2021 2020
K K F
Theatre running costs 859,343 94,372 659,403 1,613,118 4,189,797
Front of house costs 115,625 11,476 127,101 312,453
974,968 94,372 670,879 1,740,219 4,502,250
TOTAL 2020 1,051,154 94,643 3,356,453 4,502,250
Activities
undertaken Support Total Total
directly costs funds funds
2021
E
2021
E
2021f 2020
Theatre running costs 1,300,118 313,000 1,613,118 4,189,797
Front of house costs 127,101 127,101 312,453
1,427,219 313,000 1,740,219 4,502,250
TOTAL 2020 4,180,444 321,806 4,502,250

Theatre
running Total Total
costs funds funds
2021 2021 2020
F
Depreciation 94,372 94,372 94,643
Insurance 32,666 32,666 25,663
Administrative costs 53,404 53,404 74,002
Irrecoverable VAT 66,504 66,504 85,641
Governance costs 66,054 66,054 41,857
313,000 313,000 321,806
TOTAL 2020 321,806 321,806

Group Group Company Company
2021 2020 2021 2020
E F
Wages and salaries 906,559 1,020,745 905,009 1,020,745
Social security costs 82,520 99,761 82,520 99,761
Other pension costs 43,523 44,446 43,523 44,446
1,032,602 1,164,952 1,031,052 1,164,952

Group Group
2021 2020
No. No.
Theatre staff (including front ofhouse) 13 17
Management, administration and support 12 17
25 34
Group Group
2021 2020
No. No.

Assets in
Leasehold Fixtures, the course
improve fittings and of
-ments equipment construction Total
E f.
COST OR VALUATION
At 1 April 2020 (as restated) 1,592,155 883,381 44,644 2,520,180
Additions 2,780 36,450 39,230
At 31 March 2021 1,592,155 886,161 81,094 2,559,410
DEPRECIATION
At 1 April 2020 (as restated) 203,297 537,147 740,444
Charge for the year 31,843 62,529 94,372
At 31 March 2021 235,140 599,676 834,816
NET BOOK VALUE
At 31 March 2021 1,357,015 286,485 81,094 1,724,594
At 31 March 2020 (as restated) 1,388,858 346,234 44,644 1,779,736

Assets in
Leasehold Fixtures, the course
improve fittings and of
-ments equipment construction Total
F E
COST OR VALUATION
At 1 April 2020 (as restated) 1,592,155 873,426 44,644 2,510,225
Additions 2,780 36,450 39,230
At 31 March 2021 1,592,155 876,206 81,094 2,549,455
DEPRECIATION
At 1 April 2020 (as restated) 203,297 527,192 730,489
Charge for the year 31,843 62,529 94,372
At 31 March 2021 235,140 589,721 824,861
NET BOOK VALUE
At 31 March 2021 1,357,015 286,485 81,094 1,724,594
At 31 March 2020 (as restated) 1,388,858 346,234 44,644 1,779,736

Investments
In
subsidiary
companies
COMPANY
COST AND NET BOOK VALUE
At 1 April 2020 103
At 31 March 2021 103

Names Company Company Principal Principal activity Holding Included in
number consolidation
Cambridge Arts Theatre Panto 09834084 Production services 100% Yes
Limited
Cambridge Arts (84 Charing Cross 10255496 Production services 100% Yes
Road) Limited
Cambridge Arts Theatre (Pressure) 11331484 100% Yes
Limited
Roof Garden Restaurants Limited 100% Yes
The financial results ofthe subsidiaries for the year were:
Names Income Expenditure Profit/(Loss) Net assets
F ISurplus/ F
(Deficit) for
the year
F
Cambridge Arts Theatre Panto Limited 123,657 (123,657) 9,836 100
Cambridge Arts (84 Charing Cross (1,030) 1,030 1
Road) Limited
Cambridge Arts Theatre (Pressure) (54) (54) (1,787)
Limited

Group Group Company Company
2021 2020 2021 2020
E F
DUE WITHIN ONE YEAR
Trade debtors 7,166 49,208 7,166 49,208
Amounts
owed by group undertakings
71,901 76,152
Other debtors 113,541 22,313 106,497 22,000
Prepayments and accrued income 127,556 131,441 127,556 131,441
Tax recoverable 39,921 30,085
288,184 233,047 313,120 278,801

Group Group Company Company
2021 2020 2021 2020
F f.
Accruals 102,466 50,593 100,366 42,293
Trade creditors 115,091 130,146 115,095 130,146
Other taxation and social security 18,038 111,222 18,038 111,222
Other creditors 235,539 230,365 235,540 230,366
Deferred income 50,413 361,949 50,413 361,949
521,547 884,275 519,452 875,976
Group Group Company Company
2021 2020 2021 2020
Deferred income at 1 April 2020 361,949 453,915 361,949 453,915
Resources deferred during the year 4,185 361,949 4,185 361,949
Amounts released from previous periods (315,721) (453,915) (315,721) (453,915)
50,413 361,949 50,413 361,949

Balance at 1
April 2020 Balance at
(as 31 March
restated) Income Expenditure 2021
F F
UNRESTRICTED FUNDS
Reserves 1,080,744 1,673,746 (1,720,450) 1,034,040
Designated - Auditorium Refurbishment
project 467,839 467,839
1,548,583 1,673,746 (1,720,450) 1,501,879
RESTRICTED FUNDS
Foyer Fund 1,212,735 (28,107) 1,184,628
I ighting
Equipment
Fund 111,257 (9,408) 101,849
Archiving
Fund
3,537 40,000 (39,888) 3,649
Auditorium Project 45,000 45,000
Panto Wheels 30,563 30,563
1,327,529 115,563 (77,403) 1,365,689
TOTAL OF FUNDS 2,876,112 1,789,309 (1,797,853) 2,867,568

Balance at
Balance at 31 March
1 April 2019 Transfers 2020
(as restated) Income Expenditure in/out (as restated)
UNRESTRICTED FUNDS
Reserves 1,041,307 4,824,340 (4,532,070) (252,833) 1,080,744
Designated -Auditorium
Refurbishment
project
215,006 252,833 467,839
1,256,313 4,824,340 (4,532,070) 1,548,583
RESTRICTED FUNDS
Foyer Fund 1,240,842 (28,107) 1,212,735
Lighting
Equipment
Fund 120,665 (9,408) 111,257
Archiving
Fund
50,000 (46,463) 3,537
1,361,507 50,000 (83,978) 1,327,529
TOTAL OF FUNDS 2,617,820 4,874,340 (4,616,048) 2,876,112

STATEMEN T OF F UNDS (C OMPANY ONLY) - CURRENT YEAR
Balance at 1
April 2020 Balance at
(as Transfers 31 March
restated) Income Expenditure in/out 2021
E F
UNRESTRICTED FUNDS
Reserves 1,082,478 1,673,746 (1,720,396) 1,035,828
Designated - Auditorium
Refurbishment
project
467,839 467,839
1,550,317 1,673,746 (1,720,396) 1,503,667
RESTRICTED FUNDS
Foyer Fund 1,212,735 (28,107) 1,184,628
Lighting
Equipment
Fund 111,257 (9,408) 101,849
Archiving
Fund
3,537 40,000 (39,888) 3,649
Auditorium Project 45,000 45,000
Panto Wheels 30,563 30,563
1,327,529 115,563 (77,403) 1,365,689
TOTAL OF FUNDS 2,877,846 1,789,309 (1,797,799) 2,869,356

STATEMEN T OF F UNDS (C OMPANY ONLY) - PRIOR YE AR
Balance at
31 March
Balance at 1 2020
April 2019 Transfers (as
(as restated) Income Expenditure in/out restated)
F f f F
UNRESTRICTED FUNDS
Reserves 1,041,307 4,824,340 (4,530,336) (252,833) 1,082,478
Designated
-Auditorium
Refurbishment
project
215,006 252,833 467,839
1,256,313 4,824,340 (4,530,336) 1,550,317
RESTRICTED FUNDS
Foyer Fund 1,240,842 (28,107) 1,212,735
Lighting
Equipment
Fund 120,665 (9,408) 111,257
Archiving
Fund
50,000 (46,463) 3,537
1,361,507 50,000 (83,978) 1,327,529
TOTAL OF FUNDS 2,617,820 4,874,340 (4,614,314) 2,877,846
ANALYS IS O F NET AS SETS BETWEEN FU NDS (GROUP) - CURRENT YE AR
Unrestricted Restricted Total
funds funds funds
2021f 2021 2021
F
Tangible fixed assets 438,117 1,286,477 1,724,594
Current assets 1,585,309 79,212 1,664,521
Creditors due within one year (521,547) (521,547)
TOTAL 1,501,879 1,365,689 2,667,568

ANALYS IS O F NET AS SETS BETWEEN FU NDS (GROUP) - PRIOR YEAR
Unrestricted Restricted Total
funds funds funds
2020 (as 2020 (as 2020 (as
restated) restated) restated)
F
Tangible fixed assets 455,744 1,323,992 1,779,736
Current assets 1,977,114 3,537 1,980,651
Creditors due within one year (884,275) (884,275)
TOTAL 1,548,583 1,327,529 2,876,112

ANALYSIS OF NET ASSETS BETWEEN FU NDS (COMPANY ONLY) - CU RRENT YEAR
Unrestricted Restricted
funds funds Total funds
2021 2021 2021
F
Tangible fixed assets 438,117 1,286,477 1,724,594
Investments 103 103
Current assets 1,584,899 79,212 1,664,111
Creditors due within one year (519,452) (519,452)
TOTAL 1,503,667 1,365,689 2,869,356

ANALYSIS OF NET ASSETS B ET WEEN FUND S - P RIOR YEAR (COMPAN RIOR YEAR (COMPAN RIOR YEAR (COMPAN Y ONLY)
Unrestricted Restricted
funds funds Total funds
2020 (as 2020 (as 2020 (as
restated) restated) restated)
Tangible fixed assets 455,744 1,323,992 1,779,736
Investments 103 103
Current assets 1,970,446 3,537 1,973,983
Creditors due within one year (875,976) (875,976)
TOTAL 1,550,317 1,327,529 2,877,846
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Group Group
2021 2020
Net
(expenditure)/income
for
the year (as per Statement of
Financial Activities) (8,644) 258,292
ADJUSTMENTS FOR:
Depreciation
charges
13 94,372 94,643
Dividends,
interests
and rents from investments 6 (294) (1,444)
Decrease/(increase) in stocks 5,970 (1,711)
(Increase)/decrease in debtors (55,137) 44,102
Decrease
in creditors
(362,728) (76,811)
NET CASH (USED IN)/PROVIDED BYOPERATING ACTIVITIES (326,361) 317,071

At 1 April At 31 March
2020 Cash flows 2021
f.
Cash at bank and in hand 1,739,585 (365,297) 1,374,288
1,739,585 (365,297) 1,374,288

payments und er non-cancellable
operating
lease
s as follows:
Group Group Company Company
2021 2020 2021 2020
E
Not later than 1 year 7,211 7,575 7,211 7,575
Later than 1 year and not later than 5years 7,915 15,126 7,915 15,126
15,126 22,701 15,126 22,701