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2021-08-31-accounts

General Restricted
Note Fund Fund Capital Fund 2021 2020
INCOMING RESOURCES:
Incoming Resources
from Generated
Funds:
Voluntary
Income:
Donations
and Grants		 471,967 471,967 223,348
Activities for Generating Funds:
Theatre Income 50,313 50,313 873,982
Investment
Income		 228 228 2,427
Fundraising
Events		 618
Other income:
Insurance
Claim Income		 101,017 101,017
Bank Account Switch Income 16,875 16,875
TOTAL INCOMING RESOURCES: 640,400 640,400 1,100,375
RESOURCES EXPENDED:
Cost of Generating
Funds:
Fundraising
Events		 180 180 180
Direct Charitable
Expenditure:
Theatre Costs 58,055 48,288 106,343 218,901
Front ofHouse Costs 14,144 14,144 147,602
Building Maintenance 245,410 245,410 188,889
Other Support Costs 364,997 364,997 574,588
682,786 48,288 731,074 1,130,160
Governance
Costs		 8,000 8,000 8,000
TOTAL RESOURCES EXPENDED: 690,786 48,288 739,074 1,138,160
Net Incoming I(Outgoing) Resources (50,386) (48,288) (98,674) (37,785)
Net Movement
between
Funds
Net Movement
in Funds		 (50,386) (48,288) (98,674) (37,785)
Balance at 1 September 2020 583,242 1,857,414 2,440,656 2,478,441
BALANCE AT 31 AUGUST 2021 532,856 1,809,126 2,341,982 2,440,656

Note 2021 2020
E E"
FIXEDASSETS:
Tangible assets 1,968,603 1,978,311
CURRENT ASSETS:
Stock 6,771 7,055
Debtors 10 97,333 67,835
Cash at bank 976,449 802,970
1,080,553 877,860
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR: 707,174 415,515
NET CURRENT ASSETS: 373,379 462,345
TOTAL ASSETS LESS CURRENT LIABILITIES: 2,341,982 2,440,656
FINANCED BY:
General Fund 532,856 583,242
Restricted
Fund
Capital Fund 1,809,126 1,857,414
2,341,982 2,440,656

2021 2020
Cash flows from activities
Surplus/(Loss)
for the financial year		 (98,674) {37,785)
Adjustments
for:
Depreciation
offixed assets		 73,527 74,666
Disposal offixed assets 0 (24)
Interest
paid		 0 0
Interest received {228) (2,427)
Decrease/(increase)
in receivables		 (29,498) 7,759
Decrease/(increase)
ln inventory		 284 1,655
Increase/(decrease)
in payables		 291,659 (10,296)
Cash from activities 237,070 33,548
Interest paid 0 0
Net cash generated
from activities		 237,070 33,548
Cash flows from investing activities
Purchase offixed assets {63,819} (34,786)
interest received 22& 2,427
Net cash from investing
activities		 {63,591) {32,359)
Net increase/(decrease) in cash and bank 173,479 1,189
Opening
balance cash		 and bank 802,970 801,781
Closing balance cash and bank 976,449 802,970

3.DONATIONS AND GRANTS
General Restricted Total Total
Fund Fund Capital Fund 2021 2020
E f.
Donations:
Other Donations 4,370 4,370 22,187
Grants: 365,938 365,938 23,950
Sundry Income: 103.,659 101,659 177,211
471,967 471,967 223,348
4.DIRECT CHARITABLE INCOME
General Restricted Total Total
Fund Fund Capital Fund 2021 2020
Theatre Income 22.313 22,313 533,583
Front of House income 28,000 28,000 340,399
izrofit on disposal offixed assets
50,313 50,313 873,982
5.DIRECT CHARITABLE EXPENDITURE
General Restricted Total Total
Fund Fund Capital Fund 2021 2020
Theatre Costs 32,816 32,816 144,235
Front of House Costs 14,144 14,144 147,602
Building Maintenance 245,410 245,410 188,889
Fundraising
Costs		 180 180 180
Salaries 341,794 341,794 520,543
Sundries 23,203 23,203 54,045
Depreciation 25,239 48,288 73,527 74,666
Loss on Disposai ofAssets
682,786 48,288 731,074 1,130,160

General Restricted Capital Total Total
Fund Fund Fund 2021 2020
E f E E E
Salaries 341,794 341,794 520,543
Sundries 23,203 23,203 54,045
364,997 364,997 574,588
7.GOYERNANCE COSTS
General Restricted Capital Total Total
Fund Fund Fund 2021 2020
E E E
Audit Fees 8,000 8,000 8,000
8,000 8,000 8,000
8. EMPLOYINENT COSTS
General Restricted Capital Total Total
Fund Fund Fund 2021 2020
g E g E
Stage Productions 17,191 17,191 69,684
Wages &Salaries 260,991 260,991 411,841
National Insurance Costs 22,381 22,381 31,342
Pension costs 5,265 5,265 7,676
Redundancy paym ants 35,966 35,966
341,794 341,794 520,543
2021 2020
Operational Management &BoxOffice
Stage &Technical
Cafe Lounge
BarTeam

Fixtures, Fittings, Fixtures, Fittings,
Land & Theatre Cafg &Theatre Office
Buildings
f		 Improvements
f		 Equipment
f		 Equipment
f		 Total
f
Cost:
As at 31August 2020 455,502 1.s961,811 352,343 28,209 2,797,86S
Additions
in Period		 63,048 771 63,819
Disposals in Period
As at31August 2021 455,502 1,961,811 415,391 28,980 2,861,684
Depreciation:
As at31August 2020 195,761 364,138 237,248 22,407 819,554
Charge in Period 9,052 39,236 23,777 1,462 73,527
Depreciation
on Disposals
As at31August 2021 204,813 403,374 261,025 23,869 893,081
BookValues:
Asat31August 2021 250,6S9 1,558,437 154,366 5,111 1,968,603
Asat31August 2020 259,741 1,S97,673 115,095 5,802 1,978,311
All assets are in use for charitable purposes.
Legal charges exist over the freehold property, to secure the interests of pubgc bodies and other lenders funding its purchase
and the costoftheatre improvements.
10.DEBTORS
2021
f
Trade Debtors 31,800 4,466
Prepayments 31,507 31,462
VAT Receivable 3,808 6,770
Other Debtors 30,218 25,137
97,333 67,835
11.CREDITORS: AIIOUNTS FALLING DUE WITHIN ONE YEAR
2021f 2020
f
Trade Creditors 74,716 20,533
PAYE and National Insurance 5,804 11,280
VAT Payable
Deferred Income - see note 11a 548,507 286,334
Other Creditors 31,432 58,578
Accruais 46,715 38,790
707,174 415415
11a.DEFERRED INCOME
8/fwd Sales Shows
Ticket sales 286,334 321,017 (59,494} 547,857
Other deferred
Income		 650 650
286,334 321,667 i59,494} 54S,507

Land &
Buildings
E
Balance at31August 2020: 1,857,414
Direct Charitable Expenditure -Theatre Improvements
Direct Charitable Expenditure -Depreciation (48,288)
Balance at 31August 2021; 1,809,126

General Restricted Capital
Fund Fund Fund Total
g F. g
Fund balances are represented by:
Tangible
Fixed Assets		 159,477 1,809,126 1,968,603
Current Assets 1,080,553 1,080,553
Creditors: Amounts Falling Due Within One Year (707,174) {707,174)
532,856 1,809,126 2,341,982