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|||||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|||||||
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|||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|
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||||||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|||||
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||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||
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||||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||||
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|||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||
##
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##
|||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||
##
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##
##
||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|
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|Group|Group|
|---|---|
|2022|2021|
|No.|No.|
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##
||||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|
##
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##
||||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|
##
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##
||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)||
##
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##
|||||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|
##
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##
||||||||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|
##
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##
|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|
##
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##
|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|
##
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##
|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|
##
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##
|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|
##
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##
##
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##
|||||||||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)||
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|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|
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