2021-03-31-accounts - Play to the Crowd

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			Page
Report of the Trustees			1 to 13
Report of the Independent		Auditors	14to 16
Statement of Financial	Activities		17
Balance Sheet			18
Cash Flow Statement			19
Notes to the Financial	Statements		20 to 32

Nominated	Chair:	David Hill
Vice Chair:		Mark Byford
Elected Trustees;		David Hill
		Mark Byford
		Anthony Arkwright
		Paul Spencer
		Tamzin Sallis
		Yinnon Ezra
		Amy Eastwood
		Steve Cross
		Shaun Stacey
		Cara Honey
Chief Executive:		Deryck Newland
Company	Secretary:	Jo Marlow

					Unrestricted	Restricted	Total	Total
					funds	funds	2021	2020
				Notes	2	2
INCOME FROM
Grants, donations and		legacies			998,306	462,468	1,460,774	1,039,853
Charitable activities
Charitable operations				7	111,457		111,457	1,254,176
Other trading activities				3&6	38,174	47,157	85,331	225,921
Investment income				4	169		169	1,900
Total					1,148,106	509,625	1,657,731	2,521,850
EXPENDITURE ON
Raising funds
Commercial trading	operations			3&8	39,244	47,157	86,401	150,942
Charitable activities
Charitable operations				9	633,497	339,114	972,611	1,977,570
Total					672,741	386,271	1,059,012	2,128,512
Net income/(expenditure)					475,365	123,354	598,719	393,338
Transfers between	funds			22
Taxation (trading subsidiary			only)
Net movement in funds					475,365	123,354	598,719	393,338
RECONCILIATION	OF FUNDS
Total funds brought		forward			162,700	404,662	567,362	174,024
TOTAL FUNDS CARRIED FORWARD					638,065	528,016	1,166,081	567,362

		Group	Group	Charity	Charity
		2021	2020	2021	2020
	Notes	2
FIXEDASSETS
Tangible assets	16	572,662	597,966	571,454	596,417
Investments	17				1
		572,662	597,966	571,455	596,418
CURRENT ASSETS
Stocks	18	6,909	9,858
Debtors	19	84,595	75,134	78,922	75,134
Cash at bank and in hand		878,104	367,933	876,460	367,933
		969,608	452,925	955,382	443,067
CREDITORS
Amounts falling due within one year	20	(376,189)	(478,529)	(355,731)	(468,672)
NET CURRENT ASSETS		593,419	(25,604)	599,651	(25,605)
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,166,081	572,362	1,171,106	570,813
CREDITORS
Amounts falling due in more than one
year	21		(5,000)		(5,000)
NET ASSETS		1,166,081	567,362	1,171,106	565,813
FUNDS
Restricted funds	23	528,016	404,662	528,016	404,662
Unrestricted funds	23	638,065	162,700	643,090	161,151
TOTAL FUNDS		1,166,081	567,362	1,171,106	565,813

				Group	Group	Charity	Charity
				2021	2020	2021	2020
			Notes	6	2	2
Cash flows from operating		activities
Cash generated	from operations		28	603,411	425,901	601,766	424,197
				603,411	425,901	601,766	424,197
Cash flows from investing		activities
Interest received				169	1,900	169	1,900
Purchase of tangible fixed assets				(93,409)	(558,570)	(93,409)	(556,865)
Acquisition of subsidiary						(1)	(I)
Cash provided	by (used in) investing		activities	(93,240)	(556,670)	(93,241)	(554,966)
Change in cash	and cash equivalents		in the
reporting period				510,171	(130,769)	508,525	(130,769)
Cash and cash	equivalents	at the beginning
of the reporting	period			367,933	498,702	367,933	498,702
Total cash at the end ofthe year				878,104	367,933	876,458	367,933

statements of Tr	ade	to th	e C	row	d for	the	y	ear ended	31 Mar	ch 2021	:
												2021	2020
												2
Turnover												79,758	161,797
Cost of sales and administrative					expenses							(86,332)	(122,991)
Profit before tax												(6,574)	38,806
Corporation tax
Profit after tax												(6,574)	38,806
Profits distributed	to	the	charity										(37,257)
Retained in subsidiary												(6,574)	1,549
The assets and liabilities			of	the	subsidiary			were:
Fixed assets												1,208	1,549
Current assets												17,793	28,430
Current liabilities												(24,025)	(28,429)
Net assets												(5,024)	1,550
Aggregate share	capital		and	reserves								(5,023)	1,550
Trade to the Crowd		was	incorporated			on	31stJuly 2019and			commenced		trading in September,
therefore these numbers			only represent				half ayear		of trading	through	this	vehicle. Earlier	in the year
theatre bar financial		activity		was	held	within the charity accounts.
INVESTMENT INCOME
												2021	2020
												2
Deposit account	interest											169	1,900
All investment income is			derived		from	cash		deposits	held within the		United	Kingdom.
GRANTS, DONATIONS			AND LEGACIES
												2021	2020
													2
Donations												320,585	54,584
Grants												1,133,285	849,073
Restoration & maintenance				levy								6,904	136,196
												1,460,774	1,039,853

Grants received, included in the above,	are as fol	lows:
			2021	2020
Winchester City Council Grant			232,057	189,556
Hampshire County Council Grant			73,000	457,000
Arts Council of England			136,627	134,158
Winchester BID				4,000
Foyle Foundation				20,000
Backstage Trust				10,000
Garfield Weston			205,865	30,000
Job Retention Scheme			256,602
DCMS Resources			219,134
Other grants			10,000	4,359
			1,133,285	849,073
OTHER TRADING ACTIVITIES
			2021	2020
			2	2
Front of house ancillary sales
including Trade to the Crowd's trading	operation	(see note 3)	85,331	225,921

		Unrestricted	Restricted	Totals	2020
			2	6
Ticket sales		46,091		46,091	1,034,885
Hatfair other income		19,')69		'I9,169	72,511
Education income		13,991		13,991	56,107
Venue hire		5,228		5,228	42,507
Individual memberships		4,675		4,675	13,807
Corporate support		5,377		5,377	26,315
Theatre tax relief		16,607		16,607	8,044
Other income		319		319
		111,457		111,457	1,254,176
COMMERCIAL TRADING OPERATIONS
Other trading activities
				2021f	2020
Front of house ancillary cost of	sales
including Trade to the Crowd's	trading	operation (see note 3)		86,401	150,942

					Direct	Support
					expenditure	costs	Total	Total
					(see note 10)	(see note 11)	2021	2020
					2	2		2
Charitable	Operations				195,314	777,297	972,611	1,977,570
					195,314	777,297	972,611	1,977,570
DIRECT COSTS OF CHARITABLE ACTIVITIES
							2021	2020
							F
Production		costs					68,886	661,433
Hatfair production				costs			51,389	180,102
Education	workshops				and performances		35,993	40,591
Marketing							32,592	94,837
Boxoffice	costs						6,454	52,075
							195,314	1,029,038
SUPPORT		COSTS
					Management	Finance	Governance	Totals
					2		2	2
Charitable		Operations			648,588	118,371	10,338	777,297
					648,588	118,371	10,338	777,297
							2021	2020
Management
Wages							471,888	638,135
Social security							52,499	56,014
Pensions							9,717	13,638
Insurance							10,032	10,990
Light and heat							28,433	39,152
Telephone							4,288	5,027
Postage and			stationery				11,773	12,556
Sundries							18,902	34,256
Travel expenses							107	3,930
Cleaning							2,791	9,455
Repairs and			maintenance				20,983	43,216
Consultancy							22,640	10,152
Training							1,815	9,342
Recruitment							115	56
Subscriptions							3,649	3,541
Bad debts							5	356
Recoverable			VAT				(11,049)	(19,997)
Legal and		professional
							648,588	869,819

Finance						2021	2020
						Charitable	Total
						Operations	Activities
Depreciation			of tangible	fixed assets		117,290	63,165
Loss on	sale		of tangible	fixed assets		1,081	5,188
						1 18,371	68,353
Governance			costs			2021	2020
						Charitable	Total
						Operations	Activities
Auditors	remuneration					7,566	7845
Accounting		fees				2,370	1,488
Bank charges						402	1,027
						10,338	10,360
NET INCOME/(EXPENDITURE)					-GROUP

NET INCOME	NET INCOME	/(EXPENDITURE) -GROUP
Net resources		are stated after charging:
			2021	2020
			9	2
Auditors'	remuneration		7,566	7,845
Depreciation		—owned assets	117,290	63,165
Deficit on	disposal of fixed assets		1,081	5,188

During STAFF	the year no trustees (2020:none) were reimb COSTS	ursed for out of pocket expenses.
		2021	2020
		2
Wages	and salaries	540,661	698,824
National	insurance	52,499	58,225
Pension	contributions	9,717	14,241
		602,877	771,290

	2021	2020
	Number	Number
Administration	11	15
Boxoffice	3	4
Technical	3	4
Front of house	8	9
	25	32

		Unrestricted	Restricted	Total
		funds	funds	2020
				2
INCOME FROM
Donations and legacies		301,177	738,676	1,039,853
Charitable activities
Charitable Operations		1,204,219	49,957	1,254,176
Other trading activities
Other trading activities		225,921		225,921
Investment income		1,900		1,900
Total		1,733,217	788,633	2,521,850
EXPENDITURE ON
Raising funds
Commercial trading operations		150,942		150,942
Charitable activities
Charitable Operations		1,593,599	383,971	1,977,570
Total		1,744,541	383,971	2,128,512
Net (expenditure)/income		(11,324)	404,662	393,338
Net movement in funds		(11,324)	404,662	393,338
RECONCILIATION OF FUNDS
Total funds brought	forward	174,024		174,024
TOTAL FUNDS CARRIED FORWARD		162,700	404,662	567,362

TANGIBLE FIXEDASSE	TS - GROUP
	Improvements	Plant and	Fixtures and	Computer
	to property	machinery	fittings	equipment	Total
				2
COST
At 1 April 2020	274,488	181,938	217,650	41,357	715,433
Additions	29,431	59,207	1,489	3,282	93,409
Disposals	(2,137)	(3,800)		(2,294)	(8,231)
At 31 March 2021	301,782	237,345	219,139	42,345	800,611
DEPRECIATION
At 1 April 2020	20,621	64,712	24,666	7,468	117,467
Charge for year	37,848	27,723	42,305	9,755	117,631
Eliminated on disposals	(2,137)	(2,718)		(2,294)	(7,149)
At 31 March 2021	56,332	89,717	66,971	14,929	227,949
NET BOOK VALUE
At 31 March 2021	245,450	147,628	152,168	27,416	572,662
At 31 March 2020	253,867	117,226	192,984	33,889	597,966
TANGIBLE FIXEDASSETS - CHARITY
	Improvements	Plant and	Fixtures and	Computer
	to property	machinery	fittings	equipment	Total
	6
COST
At 1 April 2020	274,488	181,938	215,945	41,357	713,728
Additions	29,431	59,207	1,489	3,282	93,409
Disposals	(2,137)	(3,800)		(2,294)	(8,231)
At 31 March 2021	301,782	237,345	217,434	42,345	798,906
DEPRECIATION
At 1 April 2020	20,621	64,712	24,510	7,468	117,311
Charge for year	37,848	27,723	41,964	9,755	117,290
Eliminated on disposals	(2,137)	(2,718)		(2,294)	(7,149)
At 31 March 2021	56,332	89,717	66,474	14,929	227,452
NET BOOK VALUE
At 31 March 2021	245,450	147,628	150,960	27,416	571,454
At 31 March 2020	253,867	117,226	191,435	33,889	596,417

STOCKS					2021	2020
					6
Bar stock					4,836	6,570
Confectionery	etc				2,073	3,288
					6,909	9,858
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
			Group	Group	Charity	Charity
			2021	2020	2021	2020
				9
Trade debtors			421	2,941	421	2,941
Other debtors	and accrued income		70,707	24,191	65,034	24,191
Prepayments			13,467	48,002	13,467	48,002
			84,595	75,134	78,922	75,134

		Group	Group	Charity	Charity
		2021	2020	2021	2020
		6
Trade To The Crowd	Limited			3,567	18,572
Trade creditors		85,408	91,429	86,026	85,388
Social security and other taxes		45,652	30,250	45,652	30,250
VAT		18,505	21,700	(3,893)	712
Other creditors		111,025	150,421	108,780	149,021
Deferred income		115,599	184,729	115,599	184,729
		376,189	478,529	355,731	468,672
CREDITORS: AMOUNTS FALLING DUE IN MORE THAN			ONE YEAR
		Group	Group	Charity	Charity
		2021	2020	2021	2020
			9	6	6
Accruals and deferred	income		5,000		5,000
			5,000		5,000

					Group	Group	Charity	Charity
					2021	2020	2021	2020
					6
Brought	forward				184,729	212,105	184,729	212,105
Amount	released	to	incoming	resources	(184,729)	(212,105)	(184,729)	(212,105)
Amount	deferred	in	year		115,599	184,729	115,599	184,729
Carried	forward				115,599	184,729	115,599	184,729

OPERATING LEASE COMMITMENTS Minimum lease payments under non-cancellable operating	leases fall due as follows:
	2021	2020
	2
Expiring:
Within one year	7,098	7,098
Between one and five years	4,943	12,900
	12,041	19,998

Analysis	of	unre	stricted		fund	movements
							Balance at	Incoming	Resources		Balance at
							At 1.4.20	resources	expendedf	Transfers	At31.3.21
General	fund						6,240	1,144,654	(672,741)		478,153
Designated		Restoration			fund		156,460	3,452			159,912
							162,7011	1,146,106	~672,741		638,065
Analysis	of	restricted		fund movements
							Balance at	Incoming	Resources		Balance at
							At 1.4.20	resources	expended	Transfers	At31.3.21
									2	6
Restricted		fund					404,662		(82,511)		322,151
Restricted		fund	- Garfield Weston					205,865			205,865
Restricted		fund	- Job	retention		scheme		303,760	(303,760)
							404,662	509,625	(386,271)		528,016
Comparatives			for movement			in funds
Analysis	of unrestricted				fund	movements
							Balance at	Incoming	Resources		Balance at
							At 1.4.19	resources	expended	Transfers	At31.3.20
								2	2
General	fund						17,474	1,379,559	(1,390,793)		6,240
Designated		fund					156,550	353,658	(353,748)		156,460
							174,024	1,733,217	(1,744,541)		162,700
Analysis	of restricted			fund movements
							Balance at	Incoming	Resources		Balance at
							At 1.4.19	resources	expended	Transfers	At 31.3.20
Restricted		fund						788,633	(383,971)		404,662
								788,633	(383,971)		404,662

ANALY	SIS OF NET ASSETS BETWE	EN FUNDS
				2021
		Unrestricted	Restricted	Total
		funds	funds	funds
				2
Fixed assets		250,511	322,151	572,662
Current	assets	763,743	205,865	969,608
Current	liabilities	(376,189)		(376,189)
		638,065	528,016	1,166,081

				Group	Group	Charity	Charity
				2021	2020	2021	2020
Net movement in	funds			598,719	393,338	605,293	391,789
Loss on disposal	of	fixed assets		1,082	5,188	1,081	5,188
Depreciation charge				117,631	63,321	117,290	63,165
Interest received				(169)	(1,900)	(169)	(1,900)
Decrease in stocks				2,949	(4,564)		5,294
(Increase)/decrease		in debtors		(9,461)	(9,253)	(3,788)	(9,253)
Increase/(decrease)		in creditors		(107,340)	(20,229)	(1 1 7,941)	(30,086)
				603,411	425,901	601,766	424,197
ANALYSIS OF CHANGES			IN NET FUNDS
					At 1.4.20	Cash flow	At 31.3.21
					2	2	2
Net cash
Cash at bank					367,933	510,171	878,104
					367,933	510,171	878,104