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2022-03-31-accounts

Page
Reference snd Administrative Details ofthe Company, Its Trustees snd Advisers
Trustees'
Report
2-11
Independent Auditors'
Report
on the Financial Statements 12-15
Consolidated Statement of Financial Activities
Consolidated Balance Sheet 17
Company
Balance Sheet
18-19
Consolidated Statement of Cash Rows 20
Notes to the Financial Statements 21 - 43

REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE DETAILS DETAILS DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2022
TfUstees L Bacon
KCame
R Christiansen
L Dean
Sir R Dearlove
A Farnsworth
A Glinsman
SGrady
J lliffe
I Mather, Chairman
D Rapley
A Swarbrick
Company registered
number 03536370
Charity registered
number 1069912
Registered offic 6StEdward's Passage
Cambridge
CB23PJ
Company Secretary V Beechey
Chief Executive Offfcer D Murphy
Independent auditors Peters Elworthy & Moore
Chartered
Accountants
Salisbury House
Station Road
Cambridge
CB1 2LA
Bankers National
Westminster
Bank pic
21 Petty Cury
Cambridge
CB23NE
Senior Management V Beechey, Head of Finance
Team C Brindle, Programming and Productions Manager
K Collins, Head of Marketing and Sales
J Cree, Head of Technical
N Hupe, Head of Development
D Rogers, Executive Director

Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
Note 9
INCOME FROM:
Donations
and grants
3 953,957 2,018,784 2,972,741 1,246,963
Charitable
activities
4 3,090,187 3,090,187 140,208
Other trading
activities:
5
Raising funds and generating
membership
income
188,742 188,742 98,769
Investments 6 37 37 294
Other income 7 29,000 29,000 303,075
TOTAL INCOME 4,261,923 2,018,784 6,280,707 1,789,309
EXPENDITURE ON:
Raising funds and generating
membership
income
8 80,020 80,020 57,634
Charitable
activities
9 3,985,857 96,974 4,082,831 1,740,219
TOTAL EXPENDITURE 4,065,877 96,974 4,162,851 1,797,853
NET MOVEMENT
IN FUNDS
196,046 1,921,810 2,117,856 (8,544)
RECONCILIATION
OF FUNDS:
Total funds brought
forward
1,501,879 1,365,689 2,867,568 2,876,112
Net movement
in funds
196,046 1,921,810 2,117,856 (8,544)
TOTAL FUNDS CARRIED FORWARD 1,697,925 3,287,499 4,985,424 2,867,568

2021
Note 5
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash generated/(used)
in operating
activities
21 2,984,780 (326,361)
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests
and rents from investments
37 294
Purchase oftangible
fixed assets
(376,409) (39,230)
NET CASH USED IN INVESTING ACTIVITIES (376,372) (38,936)
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 2,608,408 (365497)
Cash and cash equivalents
at the beginning
of the year
1,374,288 1,739,585
CASH AND CASH EQUIVALENTS AT THE END OFTHE YEAR 22 3,982,696 1,374,288
The notes on pages 21 to 43form part ofthese financial statements

Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
2 6 2
Donations 48,289 18,784 67,073 153,668
Grants 905,668 2,000,000 2,905,668 1,030,000
Gift in kind 63,295
953,957 2,018,784 2,972,741 1,246,963
TOTAL 2021 1,131,400 115,563 1,246,963

Unrestricted Total Total
funds funds funds
2022 2022 2021
9
Income from performances - admission fees 2,836,966 2,836,966 130,446
Front of house 234,889 234,889 9,762
Other income 18,332 18,332
3,090,187 3,090,187 140,208
TOTAL 2021 140,208 140,208

Unrestricted Total Total
funds funds funds
2022 2022 2021
2 E 8
Membership and fundraising income 188,742 188,742 98,769
TOTAL 2021 98,769 98,769

Unrestricted Total Total
funds funds funds
2022 2022 2021
2 8 6
Interest receivable 37 37 294
TOTAL 2021

Unrestricted Total Total
funds funds funds
2022 2022 2021
2
Government grants 29,000 29,000 303,075
TOTAL 2021 303,075 303,075

Unrestricted Total Total
funds funds funds
2022 2022 2021
E
Fundraising staff costs 80,020 80,020 57,634
TOTAL 2021 57,634 57,634

Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
6 6 6
Theatre running costs 3,770,683 96,974 3,867,657 1,613,118
Front of house costs 215,174 215,174 127,101
3,985,857 96,974 4,082,831 1,740,219
TOTAL 2021 1,662,816 77,403 1,740,219
Summary by expenditure type
Total Total
Staff costs Depreciation Other costs funds funds
2022 2022 2022 2022 2021
2 2 2 2 6
Theatre running costs 813,996 87,116 2,966,545 3,867,657 1,613,118
Front of house costs 135,310 79,864 215,174 127,101
949,306 87,116 3,046,409 4,082,831 1,740,219
TOTAL 2021 974,968 94,372 670,879 'I,740,219

Activities
undertaken Support Total Total
directly costs funds funds
2022 2022 2022 2021
2 2 2 6
Theatre running costs 3,540,261 327,396 3,867,657 1,613,118
Front ofhouse costs 215,174 215,174 127,101
3,755,435 327,396 4,082,831 1,740,219
TOTAL 2021 1,427,219 313,000 1,740,219

Theatre
running Total Total
costs funds funds
2022 2022 2021
2 6
Depreciation 67,116 87,116 94,372
Insurance 29,925 29425 32,666
Administrative costs 73,193 73,193 53,404
Irrecoverable VAT 91,682 91,682 66,504
Governance costs 45,460 45,480 66,054
327,396 327,396 313,000
TOTAL 2021 313,000 313,000

Group Group Company Company
2022 2021 2022 2021
2 2 2 2
Wages and salaries 896,049 906,559 896,049 905,009
Social security costs 93,018 82,520 93,018 82,520
Other pension costs 40,259 43,523 40,259 43,523
1,029,326 1,032,602 1,029,326 1,031,052
Group Group
2022 2021
No. No.
Theatre staff (including front of house) 22 23
Management, administration and support 13 15
35
The average headcount expressed as full-time equivalents was:
Group Group
2022 2021
No. No.
Theatre staff (including front of house) 8 13
Management, administration and support 12 12
20 25

Group Group
2022 2021
No. No.

Assets in
Leasehold Fixtures, the course
improve fittings and of
-ments equipment construction Total
2 2 2 2
COST OR VALUATION
At 1 Apjil 2021 1,592,155 886,161 81,094 2,559,410
Additions 10,342 366,067 376,409
At 31 March 2022 1,592,155 896,503 447,161 2,935,819
DEPRECIATION
At 1 April 2021 235,140 599,676 834,816
Charge for the year 31,844 55,272 87,116
At 31 March 2022 266,984 654,948 921,932
NET BOOK VALUE
At 31 March 2022 1,325,171 241,555 447,161 2,013,887
At 31 March 2021 1,357,015 286,485 81,094 1,724,594

Assets In
Leasehold Fixtures, the course
Improve fittings and of
-ments equipment construction Total
2 2 2
COST OR VALUATION
At 1 April 2021 1,592,155 876,206 81,094 2,549,455
Additions 10,342 366,067 376,409
At 31 March 2022 1,592,155 886,548 447,161 2,925,864
DEPRECIATION
At 1 April 2021 235,140 589,721 824,861
Charge for the year 31,844 55/72 87,116
At 31 March 2022 266,984 644,993 911,977
NET BOOK VALUE
At 31 March 2022 1,325,171 241,555 447,161 2,013,887
At 31 March 2021 1,357,015 286,485 81,094 1,724,594

Investments
In
subsidiary
companies
COMPANY 6
COST OR VALUATION
At 1 April 2021 103
AT 31 MARCH 2022 103

The following were subsidia ry
undertak
ings
of the C
ompany,
al
l of which are incorporated in Engla nd:
Names Company Principal activity Holding Included In
number consolidation
Cambridge
Arts Theatre
09834084 Production services 100% Yes
Panto Umited
Cambridge
Arts (84 Charing
10255496 Dormant 100% Yes
Cross Road) Umited
Cambridge
Arts Theatre
11331484 Dormant 100% Yes
(Pressure)
Limited
Roof Garden Restaurants Limited 05426207 Dormant 100% Yes
The financial
results of the
subsidiaries for the year were:
Names Income Expenditure Net assets/
2 6 (liabilities)f
Cambridge
Arts Theatre
441,054 (441,054)
Panto Limited
Cambridge
Arts (84 Charing
Cross Road) Limited
Cambridge
Arts Theatre
(1,787)
(Pressure)
Umited
Roof Garden Restaurants Limited (176,085)

Group Group Company Company
2022 2021 2022 2021
8 8
DUE WITHIN ONE YEAR
Trade debtors 23,289 7,166 23,289 7,166
Amounts
owed by group undertakings
85,169 71,901
Other debtors 158,231 113,541 136,798 106,497
Prepayments and accrued income 157,081 127,556 157,081 127,556
Tax recoverable 34,177 39,921
372,778 288,184 402,337 313,120
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group Group Company Company
2022 2021 2022 2021
8 2 8 6
Accruals 127,046 102,466 125,046 100,366
Trade creditors 151,849 115,091 147,369 115,095
Other taxation and social security 91,744 18,038 91,744 18,038
Other creditors 277,508 235,539 277,509 235,540
Deferred income 743,425 50,413 743,425 50,413
1,391,572 521,547 1,385,093 519,452
Group Group Company Company
2022 2021 2022 2021
2 2 6
Deferred income at 1 April 2021 50,413 361,949 50,413 361,949
Resources deferred during the year 743,425 4,185 743,425 4,185
Amounts
released from previous periods
(50,413) (315,721) (50,413) (315,721)
743,425 50,413 743,425 50,413

Balance at
Balance at 1 Transfers 31 March
April 2021 Income Expenditure In/out 2022
2 6 E 2 9
UNRESTRICTED FUNDS
Reserves 1,034,040 4,261,923 (4,065,877) (173,595) 1,056,491
Designated -Auditorium
Refurbishment
project
467,839 173,595 641,434
1~501~879 4)261~923 (4)065~877) 1,697,925
RESTRICTED FUNDS
Foyer Fund 1,184,628 (28,108) 1,156,520
Lighting
Equipment
Fund 101,849 (9,408) 92,441
Archiving
Fund
3,649 (3,012) 637
Aucrrtorium Project 45,000 2,005,000 (35,875) 2,014,125
Panto Wheels 30,563 13,784 (20,571) 23,776
1,365,689 2,018,784 (96,974) 3,287,499
TOTALOF FUNDS 2,867,568 6,280,707 (4,162&851) 4,985,424

STATEMEN T OF F UND S (GROUP)- PRIO R YEAR
Balance at
Balance at 31 March
1 April 2020 Income Expenditure 2021
6 6 6
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

STATEMENT OF F UNDS (C OMPANY ONLY) - CURRENT YEAR
Balance at
Balance at 1 Transfers 31 March
April 2021 Income Expenditure in/out 2022
2 2 2 2 2
UNRESTRICTED FUNDS
Reserves 1,035,828 4,261,923 (4,065,877) (173,595) 1,058,279
Designated
- Auditorium
Refurbishment
project
467,839 173,595
1,503,667 4,261,923 (4,065,877) 1,699,713
RESTRICTED FUNDS
Foyer Fund 1,184,628 (28,108) 1,156,520
Lighting
Equipment
Fund 101,849 (9,408) 92,441
Archiving
Fund
3,649 (3,012) 637
Auditorium
Project
45,000 2,005,000 (35,875) 2,014,125
Panto Wheels 30,563 13,784 (20,571) 23,776
1,365,689 2,018,784 (96,974) 3,287,499
TOTAL OF FUNDS 2,869,356 6,280,707 (4,162,851) 4,987,212

STATEMENT OF F UNDS (C OMPANY ONLY) - PRIOR YEA R
Balance at
Balance at 1 Transfers 31March
April 2020 Income Expenditure In/out 2021
E' 8 2
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
Archiving
Fund
30,563 30,563
Restricted
Fund
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
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
2 8 9
Tangible fixed assets 306,491 1,707,396 2,013,887
Current assets 2,783,006 1,580,103 4,363,109
Creditors due within one year (1,391,572) (1,391,572)
TOTAL 1,697,925 3,287,499 4,985,424

ANALYS IS O F NET ASSETSBETWEEN FUN DS (GROUP) - PRIOR YEAR
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
6
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 2,867,568

Unrestricted Restricted
funds funds Total funds
2022 2022
f
Tangible fixed assets 306,490 1,707,397 2,013,887
Investments 103 103
Current assets 2,778,212 1,580,103 4,358,315
Creditors due within one year (1,385,093) (1,385,093)
TOTAL 1,699,712 3,287,500 4,987,212

Unrestricted Unrestricted Restricted
funds funds Total funds
2021 2021 2021
6 6 2
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
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVmES
Group Group
2022 2021
2 2
Net
income/expenditure
for the year (as per Statement of Financial
Activities) 2,117,856 (8,544)
ADJUSTMENTS FOR:
Depreciation
charges
87,116 94,372
Dividends,
interests
and rents from investments (37) (294)
Decrease/(increase) in stocks (5,586) 5,970
(Increase)/decrease in debtors (84,594) (55,137)
Increase/(decrease) in creditors 870,025 (362,728)
NET CASH (USED IN)/PROVIDED BYOPERATING ACTIVmES 2,984,780 (326,361)

payments und er non-cancellable
operating
lease
s as follows:
Group Group Company Company
2022 202'I 2022 2021
2 2 2 2
Not later than 1 year 10,068 7,211 10,068 7,211
Later than 1 year and not later than 5years 10,803 7,915 10,803 7,915
20,871 15,126 20,871 15,126