| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to 12 | |
| Report ofthe Independent | Auditors | 13to 15 |
| Statement of Financial Activities | 16 | |
| Balance Sheet | 17 | |
| Cash Flow Statement | 18 | |
| Notes to the Financial Statements | 19to 31 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||
| Notes | 5 | 5 | F | |||
| INCOME FROM | ||||||
| Grants, donations and legacies |
576,204 | 187,700 | 763,904 | 1,460,774 | ||
| Charitable activities |
||||||
| Charitable operations |
7 | 864,996 | 53,053 | 918,049 | 111,457 | |
| Other trading activities |
3 8 6 | 244,820 | 244,820 | 85,331 | ||
| Investment income |
4 | 180 | 180 | 169 | ||
| Total | 1,686,200 | 240,753 | 1,926,953 | 1,657,731 | ||
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| Commercial trading operations |
3 &8 | 153,933 | 153,933 | 86,401 | ||
| Charitable activities |
||||||
| Charitable operations |
9 | 1,368,692 | 340,690 | 1,709,382 | 972,611 | |
| Total | 1,522,625 | 340,690 | 1,863,315 | 1,059,012 | ||
| Net income/(expenditure) | 163,575 | (99,937) | 63,638 | 598,719 | ||
| Transfers between funds |
22 | (4,414) | 4,414 | |||
| Taxation (trading subsidiary | only) | |||||
| Net movement in funds |
159,161 | (95,523) | 63,638 | 598,719 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 638,065 | 528,016 | 1,166,081 | 567,362 | ||
| TOTAL FUNDS CARRIED FORWARD | 797,226 | 432,493 | 1,229,719 | 1,166,081 |
| Group | Group | Charity | Chanty | ||||
|---|---|---|---|---|---|---|---|
| Notes | 2022 F |
2021f | 2022 F |
2021 E |
|||
| FIXEDASSETS | |||||||
| Tangible assets | 16 | 542,648 | 572,662 | 539,869 | 571,454 | ||
| Investments | 17 | 1 | 1 | ||||
| 542,648 | 572,662 | 539,870 | 571,455 | ||||
| CURRENT ASSETS | |||||||
| Stocks | 18 | 11,020 | 6,909 | ||||
| Debtors | 19 | 130,604 | 84,595 | 167,245 | 78,922 | ||
| Cash at bank and | in | hand | 1,072,128 | 878,104 | 1,033,229 | 876,460 | |
| 1,213,752 | 969,608 | 1,200,474 | 955,382 | ||||
| CREDITORS | |||||||
| Amounts fallmg due |
within one year | 20 | (526,681) | (376,189) | (511,741) | (355,731) | |
| NET CURRENT ASSETS | 687,071 | 593,419 | 688,733 | 599,651 | |||
| TOTAL ASSETS | LESSCURRENT | ||||||
| LIABILITIES | 1,229,719 | 1,166,081 | 1,228,603 | 1,171,106 | |||
| CREDITORS | |||||||
| Amounts falling due |
in more than one | ||||||
| year | 21 | ||||||
| NET ASSETS | 1,229,719 | 1,166,081 | 1,228,603 | 1,171,106 | |||
| FUNDS | |||||||
| Restricted funds | 23 | 432,493 | 528,016 | 432,493 | 528,016 | ||
| Unrestricted funds |
23 | 797,226 | 638,065 | 796,110 | 643,090 | ||
| TOTAL FUNDS | 1,229,719 | 1,166,081 | 1,228,603 | 1,171,106 |
| Group | Group | Charity | Charity | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||
| Notes | 8 | F | |||||
| Cash flows from operating | activities | ||||||
| Cash generated | from operations | 28 | 322,578 | 603,411 | 283,152 | 601,766 | |
| 322,578 | 603,411 | 283,152 | 601,766 | ||||
| Cash flows from investing | activities | ||||||
| Interest received | 180 | 169 | 180 | 169 | |||
| Purchase oftangible fixed assets |
(128,734) | (93,409) | (126,563) | (93,409) | |||
| Acquisition ofsubsidiary |
(1) | ||||||
| Cash provided | by (used in) investing | activities | (128,554) | (93,240) | (126,383) | (93,241) | |
| Change in cash |
and cash equivalents | in the | |||||
| reporting period |
194,024 | 510,171 | 156,769 | 508,525 | |||
| Cash and cash | equivalents | at the beginning | |||||
| ofthe reporting | period | 878,104 | 367,933 | 876,460 | 367,933 | ||
| Total cash at the end ofthe year | 1,072,128 | 878,104 | 1,033,229 | 876,458 |
| Improvement to property |
-20% on cost |
|---|---|
| Plant and machinery | -20% on cost |
| Fixtures and fittings | .20% oit cost |
| Computer equipment |
-20% oit cost |
| 2022 | 2021 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| f | f. | ||||||||
| Turnover | 162,124 | 79,758 | |||||||
| Cost ofsales and administrative | expenses | (155,983) | (86,332) | ||||||
| Profit before tax | 6,141 | (6,574) | |||||||
| Corporation | tax | ||||||||
| Profit after | tax | 6,141 | (6,574) | ||||||
| Profits distributed | to the | charity | |||||||
| Retained in subsidiary |
6,141 | (6,574) | |||||||
| The assets | and liabilities | of | the | subsidiary | were: | ||||
| Fixed assets | 2,779 | 1,208 | |||||||
| Current assets | 13,278 | 17,793 | |||||||
| Current liabilities |
(14,940) | (24,025) | |||||||
| Net assets | 1,117 | (5,024) | |||||||
| Aggregate | share | capital | and | reserves | 1,117 | (5,024) | |||
| INVESTMENT INCOME | |||||||||
| 2022 | 2021 | ||||||||
| k | |||||||||
| Deposit account | interest | 180 | 169 | ||||||
| GRANTS, | DONATIONS | AND LEGACIES | |||||||
| zuxx | ZUZ | I | |||||||
| k | |||||||||
| Donations | 59,302 | 320,585 | |||||||
| Grants | 616,737 | 1,133,285 | |||||||
| Restoration | 8 maintenance | levy | 87,865 | 6,904 | |||||
| 763,904 | 1,460,774 |
| Grants received, include |
d in the above, |
are as fo | llows: | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| F | F | ||||||
| Winchester City Council |
Grants | 204,972 | 232,057 | ||||
| Hampshire County Council Grant |
73,000 | ||||||
| Arts Council of England | 136,627 | 136,627 | |||||
| Winchester BID |
1,500 | ||||||
| UK Theatres Trust | 20,000 | ||||||
| Secretary ofState for Work and Pensions | 12,563 | ||||||
| Garfield Weston | 205,865 | ||||||
| Job Retention Scheme | 21,061 | 256,602 | |||||
| DCMS Resources | 219,134 | 219,134 | |||||
| Other grants | 880 | 10,000 | |||||
| 616,737 | 1,133,285 | ||||||
| OTHER TRADING ACTIVITIES | |||||||
| 2022 | 2021 | ||||||
| 6 | 6 | ||||||
| Front of house ancillary | sales | ||||||
| including Trade to the |
Crowd's trading | operation | (see | note 3) | 244,820 | 85,331 | |
| INCOME FROM CHARITABLE ACTIVITIES | |||||||
| Unrestricted F |
Restricted f |
Totals F |
2021f | ||||
| Ticket sales | 786,569 | 786,569 | 46,091 | ||||
| Hatfair other income | 837 | 49,553 | 50,390 | 19,169 | |||
| Education income |
14,800 | 14,800 | 13,991 | ||||
| University ofWinchester |
Investment | 15,000 | 15,000 | ||||
| Venue hire | 5,966 | 5,966 | 5,228 | ||||
| Individual memberships |
7,693 | 7,693 | 4,675 | ||||
| Corporate support |
12,500 | 3,500 | 16,000 | 5,377 | |||
| Theatre tax relief | 20,000 | 20,000 | 16,607 | ||||
| Other income | 1,631 | 1,631 | 319 | ||||
| 864,996 | 53,053 | 918,049 | 111,457 | ||||
| COMMERCIAL TRADING OPERATIONS | |||||||
| Other trading activities |
|||||||
| 2022 | 2021 | ||||||
| f | |||||||
| Front ofhouse ancillary | cost ofsales | ||||||
| including Trade to the |
Crowd's trading | operation | (see | note 3) | 153,933 | 86,401 |
| Direct | Support | |||||||
|---|---|---|---|---|---|---|---|---|
| expenditure | costs | Total | Total | |||||
| (see note 10) | (see note 11) | 2022 | 2021 | |||||
| 6 | f | F | F | |||||
| Charitable | Operations | 778,503 | 930,879 | 1,709,382 | 972,611 | |||
| 778,503 | 930,879 | 1,709,382 | 972,611 | |||||
| 10. | DIRECT COSTS | OF CHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | |||||||
| f | 6 | |||||||
| Production | costs | 493,976 | 68,886 | |||||
| Hatfair production | costs | 161,311 | 51,389 | |||||
| Education workshops | and performances | 25,661 | 35,993 | |||||
| Marketing | 49,362 | 32,592 | ||||||
| Boxoffice costs | 48,193 | 6,454 | ||||||
| 778,503 | 195,314 | |||||||
| 11. | SUPPORT | COSTS | ||||||
| Management 6 |
Finance 6 |
Governance F |
Totalsf | |||||
| Charitable | Operations | 764,349 | 158,148 | 8,382 | 930,879 | |||
| 764,349 | 158,148 | 8,382 | 930,879 | |||||
| 2022 | 2021 | |||||||
| Management | f | |||||||
| Wages | 499,168 | 471,888 | ||||||
| Social security | 43,517 | 52,499 | ||||||
| Pensions | 11,220 | 9,717 | ||||||
| Insurance | 13,582 | 10,032 | ||||||
| Light and heat | 53,058 | 28,433 | ||||||
| Telephone | 3,880 | 4,288 | ||||||
| Postage and | stationery | 14,356 | 11,773 | |||||
| Sundries | 31,442 | 18,902 | ||||||
| Travel expenses | 206 | 107 | ||||||
| Cleaning | 7,230 | 2,791 | ||||||
| Repairs and | maintenance | 48,429 | 20,983 | |||||
| Consultancy | 20,420 | 22,640 | ||||||
| Training | 5,073 | 1,815 | ||||||
| Recruitment | 6,547 | 115 | ||||||
| Subscriptions | 3,055 | 3,649 | ||||||
| Bad debts | 303 | 5 | ||||||
| Recoverable | VAT | 2,863 | (11,049) | |||||
| Legal and professional | ||||||||
| 764,349 | 648,588 |
| Finance | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Charitable | Total | ||||||
| Operations f |
Activities 6 |
||||||
| Depreciation | oftangible | fixed assets | 158,148 | 117,290 | |||
| Loss on sale | oftangible | fixed assets | 1,081 | ||||
| 158,148 | 118,371 | ||||||
| Governance | costs | 2022 | 2021 | ||||
| Charitable | Total | ||||||
| Operations | Activities | ||||||
| F | |||||||
| Auditors remuneration |
5,838 | 7,566 | |||||
| Accounting | fees | 2,136 | 2,370 | ||||
| Bank charges | 408 | 402 | |||||
| 8,382 | 10,338 | ||||||
| NET INCOME/(EXPENDITURE) | -GROUP | ||||||
| Net resources | are | stated | after charging: | ||||
| 2022 | 2021 | ||||||
| 6 | 6 | ||||||
| Auditors' remuneration |
5,838 | 7,566 | |||||
| Depreciation | - owned assets | 158,148 | 117,290 | ||||
| Deficit on disposal | offixed assets | 1,081 |
| 2022f | 2021 8 |
||
|---|---|---|---|
| Wages | and salaries | 585,130 | 540,661 |
| National | insurance | 43,517 | 52,499 |
| Pension | contributions | 11,220 | 9,717 |
| 639,867 | 602,877 |
| 2022 | 2021 | |
|---|---|---|
| Number | Number | |
| Administration | 11 | 11 |
| Boxoffice | 2 | 3 |
| Technical | 4 | 3 |
| Front of house | 5 | 8 |
| 22 | 25 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | 2021 | |
| E | F | ||
| INCOME FROM | |||
| Donations and legacies |
998,306 | 462,468 | 1,460,774 |
| Charitable activities |
|||
| Charitable Operations |
111,457 | 111,457 | |
| Other trading activities |
|||
| Other trading activities |
38,174 | 47,157 | 85,331 |
| Investment income |
169 | 169 | |
| Total | 1,148,106 | 509,625 | 1,657,731 |
| EXPENDITURE ON | |||
| Raising funds | |||
| Commercial trading operations |
39,244 | 47,157 | 86,401 |
| Charitable activities |
|||
| Charitable Operations |
633,497 | 339,114 | 972,611 |
| Total | 672,741 | 386,271 | 1,059,012 |
| Net (expenditure)/income | 475,365 | 123,354 | 598,719 |
| Net movement in funds |
475,365 | 123,354 | 598,719 |
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward | 162,700 | 404,662 | 567,362 |
| TOTAL FUNDS CARRIED FORWARD | 638,065 | 528,016 | 1,166,081 |
| Improvements | Plant and | Fixtures and | Computer | ||
|---|---|---|---|---|---|
| to propertyf | machinery | fittings F |
equipment | Total | |
| COST | |||||
| At 1 April 2021 | 301,782 | 237,345 | 219,139 | 42,345 | 800,611 |
| Additions | 13,591 | 103,856 | 2,171 | 9,116 | 128,734 |
| Disposals | (10,637) | (7,283) | (17,920) | ||
| At 31 March 2022 | 315,373 | 330,564 | 221,310 | 44,178 | 911,425 |
| DEPRECIATION | |||||
| At 1 April 2021 | 56,332 | 89,717 | 66,971 | 14,929 | 227,949 |
| Charge for year | 44,766 | 61,646 | 44,086 | 8,250 | 158,748 |
| Eliminated on disposals |
(10,637) | (7,283) | (17,920) | ||
| At 31 March 2022 | 101,098 | 140,726 | 111,057 | 15,896 | 368,777 |
| NET BOOK VALUE | |||||
| At 31 March 2022 | 214,275 | 189,838 | 110,253 | 28,282 | 542,648 |
| At 31 March 2021 | 245,450 | 147,628 | 152,168 | 27,416 | 572,662 |
| TANGIBLE FIXEDASSETS - CHARITY | |||||
| Improvements | Plant and | Fixtures and | Computer | ||
| to property | machinery f |
fittingsf | equipmentf | Total f |
|
| COST | |||||
| At 1 April 2021 | 301,782 | 237,345 | 217,434 | 42,345 | 798,906 |
| Additions | 13,591 | 103,856 | 9,116 | 126,563 | |
| Disposals | (10,637) | (7,283) | (17,920) | ||
| At 31 March 2022 | 315,373 | 330,564 | 217,434 | 44,178 | 907,549 |
| DEPRECIATION | |||||
| At 1 April 2021 | 56,332 | 89,717 | 66,474 | 14,929 | 227,452 |
| Charge for year | 44,766 | 61,646 | 43,486 | 8,250 | 158,148 |
| Eliminated on disposals |
(10,637) | (7,283) | (17,920) | ||
| At 31 March 2022 | 101,098 | 140,726 | 109,960 | 15,896 | 367,680 |
| NET BOOK VALUE | |||||
| At 31 March 2022 | 214,275 | 189,838 | 107,474 | 28,282 | 539,869 |
| At 31 March 2021 | 245,450 | 147,628 | 150,960 | 27,416 | 571,454 |
| 18. | STOCKS | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| 6 | F | |||||||
| Bar stock | 7,846 | 4,836 | ||||||
| Confectionery | etc | 3,174 | 2,073 | |||||
| 11,020 | 6,909 | |||||||
| 19. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| Group | Group | Charity | Charity | |||||
| 2022 | 2021 | 2022 | 2021 | |||||
| 6 | F | 5 | ||||||
| Trade debtors | 9,018 | 421 | 9,018 | 421 | ||||
| Other debtors | and accrued income | 87,265 | 70,707 | 123,906 | 65,034 | |||
| Prepayments | 34,321 | 13,467 | 34,321 | 13,467 | ||||
| 130,604 | 84,595 | 167,245 | 78,922 | |||||
| 20. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| Group | Group | Charity | Charity | |||||
| 2022 | 2021 | 2022 | 2021 | |||||
| f | 5 | F | 6 | |||||
| Trade ToThe | Crowd Limited | 3,567 | ||||||
| Trade creditors | 89,677 | 85,408 | 82,376 | 86,026 | ||||
| Social security | and other | taxes | 20,634 | 45,652 | 20,634 | 45,652 | ||
| VAT | 7,190 | 18,505 | 1,221 | (3,893) | ||||
| Other creditors | 178,908 | 111,025 | 177,238 | 108,780 | ||||
| Deferred income | 230,272 | 115,599 | 230,272 | 115,599 | ||||
| 526,681 | 376,189 | 511,741 | 355,731 | |||||
| 21. | CREDITORS: | AMOUNTS | FALLING DUE IN MORE THAN ONE YEAR | |||||
| Group | Group | Charity | Charity | |||||
| 2022 | 2021 | 2022 | 2021 | |||||
| 5 | F | E |
| Group | Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||||
| 6 | F | |||||||
| Brought | forward | 115,599 | 184,729 | 115,599 | 184,729 | |||
| Amount | released | to | incoming | resources | (115,599) | (184,729) | (115,599) | (184,729) |
| Amount | deferred | in | year | 230,272 | 115,599 | 230,272 | 115,599 | |
| Carried | forward | 230,272 | 115,599 | 230,272 | 115,599 |
| Minimum lease payments under non-cancellable operating |
leases fall due as follows: | |
|---|---|---|
| 2022 | 2021 | |
| 6 | ||
| Expiring: | ||
| Within one year | 5,727 | 7,098 |
| Between one and five years | 15,750 | 4,943 |
| 21,477 | 12,041 |
| Analysis o |
f unr | estricte | d | fund | movements | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | |||||||
| At 1.4.21 | resources | expended | Transfers | At 31.3.22 | ||||||
| 5 | 5 | F- | 6 | |||||||
| General fund |
478,153 | 1,642,224 | (1,522,625) | (4,414) | 593,338 | |||||
| Designated | Restoration | fund | 159,912 | 43,976 | 203,888 | |||||
| 638,065 | 1,686,200 | (1,522,625) | (4,414) | 797,226 | ||||||
| Analysis of restricted |
fund movements | |||||||||
| Balance at | Incoming | Resources | Balance at | |||||||
| At 1.4.21 E |
resourcesf | expended | Transfers 5 |
At31.3.22 6 |
||||||
| Restricted | fund | —HCC | 322,151 | (82,511) | 239,640 | |||||
| Restricted | fund | - Garfield Weston | 205,865 | (20,512) | 185,353 | |||||
| Restricted | fund | - Job | retention | scheme | ||||||
| Restricted | fund | —Hat | Fair | 191,180 | (191,180) | |||||
| Restricted | fund | - WCC | TAD | 20,573 | (20,573) | |||||
| Restricted | fund | —Theatres Trust | 20,000 | (24,414) | 4,414 | |||||
| Restricted | fund | - WCC | CIL | 9,000 | (1,500) | 7,500 | ||||
| 528,016 | 240,753 | (340,690) | 4,414 | 432,493 | ||||||
| Comparatives | for movement | in funds | ||||||||
| Analysis of unrestricted |
fund | movements | ||||||||
| Balance at | Incoming | Resources | Balance at | |||||||
| At 1.4.20f | resourcesf | expendedf | Transfers 5 |
At 31.3.21f | ||||||
| General fund |
6,240 | 1,144,654 | (672,741) | 478,153 | ||||||
| Designated | fund | 156,460 | 3,452 | 159,912 | ||||||
| 162,700 | 1,148,106 | (672,741) | 638,065 |
| Balance at | Incoming | Resources | Balance at | |||
|---|---|---|---|---|---|---|
| At 1.4.20 | resources | expended | Transfers | At 31.3.21 | ||
| 6 | 6 | 6 | F | |||
| Restricted | fund | 404,662 | (82,511) | 322,151 | ||
| Restricted | fund | —Garfield Westor | 205,865 | 205,865 | ||
| Restricted scheme |
fund | —Job retention | 303,760 | (303,760) | ||
| 404,662 | 509,625 | (386,271) | 528,016 |
| Group | Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||||
| 6 | 6 | 6 | 8 | |||||
| Net movement | in funds | 63,638 | 598,719 | 57,497 | 605,293 | |||
| Loss on disposal of | fixed assets | 1,082 | 1,081 | |||||
| Depreciation | charge | 158,748 | 117,631 | 158,148 | 117,290 | |||
| interest received | (180) | (169) | (180) | (169) | ||||
| (Increase)/decrease | in stocks | (4,111) | 2,949 | |||||
| (Increase) in |
debtors | (46,009) | (9,461) | (88,323) | (3,788) | |||
| Increase/(decrease) | in creditors | 150,492 | (107,340) | 156,010 | (117,941) | |||
| 322,578 | 603,411 | 283,152 | 601,766 | |||||
| ANALYSIS OF | CHANGES | IN NET FUNDS | ||||||
| At 1.4.21 | Cash flow | At 31.3.22 | ||||||
| E | f | 6 | ||||||
| Net cash | ||||||||
| Cash at bank | 878,104 | 194,024 | 1,072,128 | |||||
| 878,104 | 194,024 | 1,072,128 |