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|---|---|---|---|
|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|
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|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|
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||||||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|
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##
|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|
##
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##
##
|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|
##
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##
||||||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|
##
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##
##
|||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|