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|||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|





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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2022|2021|
|||Notes|5||5|F|
|INCOME FROM|||||||
|Grants, donations<br>and legacies|||576,204|187,700|763,904|1,460,774|
|Charitable<br>activities|||||||
|Charitable<br>operations||7|864,996|53,053|918,049|111,457|
|Other trading<br>activities||3 8 6|244,820||244,820|85,331|
|Investment<br>income||4|180||180|169|
|Total|||1,686,200|240,753|1,926,953|1,657,731|
|EXPENDITURE ON|||||||
|Raising funds|||||||
|Commercial<br>trading<br>operations||3 &8|153,933||153,933|86,401|
|Charitable<br>activities|||||||
|Charitable<br>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<br>between<br>funds||22|(4,414)|4,414|||
|Taxation (trading subsidiary|only)||||||
|Net movement<br>in funds|||159,161|(95,523)|63,638|598,719|
|RECONCILIATION<br>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<br>F|2021f|2022<br>F|2021<br>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<br>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<br>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<br>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<br>fixed assets||||(128,734)|(93,409)|(126,563)|(93,409)|
|Acquisition<br>ofsubsidiary|||||||(1)|
|Cash provided|by (used in) investing||activities|(128,554)|(93,240)|(126,383)|(93,241)|
|Change<br>in cash|and cash equivalents||in the|||||
|reporting<br>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|





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|Improvement<br>to property|-20% on cost|
|---|---|
|Plant and machinery|-20% on cost|
|Fixtures and fittings|.20% oit cost|
|Computer<br>equipment|-20% oit cost|



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||||||||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<br>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<br>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||





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|Grants received,<br>include|d<br>in the above,|are as fo|llows:|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||F|F|
|Winchester<br>City Council|Grants|||||204,972|232,057|
|Hampshire<br>County Council Grant|||||||73,000|
|Arts Council of England||||||136,627|136,627|
|Winchester<br>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<br>Trade to the|Crowd's trading|operation|(see|note 3)||244,820|85,331|
|INCOME FROM CHARITABLE ACTIVITIES||||||||
||||Unrestricted<br>F||Restricted<br>f|Totals<br>F|2021f|
|Ticket sales|||786,569|||786,569|46,091|
|Hatfair other income||||837|49,553|50,390|19,169|
|Education<br>income|||14,800|||14,800|13,991|
|University<br>ofWinchester|Investment||15,000|||15,000||
|Venue hire|||5,966|||5,966|5,228|
|Individual<br>memberships|||7,693|||7,693|4,675|
|Corporate<br>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<br>activities||||||||
|||||||2022|2021|
|||||||f||
|Front ofhouse ancillary|cost ofsales|||||||
|including<br>Trade to the|Crowd's trading|operation|(see|note 3)||153,933|86,401|





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||||||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<br>6|Finance<br>6|Governance<br>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|





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|Finance||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||Charitable|Total|
|||||||Operations<br>f|Activities<br>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<br>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'<br>remuneration||||||5,838|7,566|
|Depreciation||- owned assets||||158,148|117,290|
|Deficit on disposal|||offixed assets||||1,081|



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|||2022f|2021<br>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<br>and legacies|998,306|462,468|1,460,774|
|Charitable<br>activities||||
|Charitable<br>Operations|111,457||111,457|
|Other trading<br>activities||||
|Other trading<br>activities|38,174|47,157|85,331|
|Investment<br>income|169||169|
|Total|1,148,106|509,625|1,657,731|
|EXPENDITURE ON||||
|Raising funds||||
|Commercial<br>trading<br>operations|39,244|47,157|86,401|
|Charitable<br>activities||||
|Charitable<br>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<br>in funds|475,365|123,354|598,719|
|RECONCILIATION<br>OF FUNDS||||
|Total funds brought forward|162,700|404,662|567,362|
|TOTAL FUNDS CARRIED FORWARD|638,065|528,016|1,166,081|





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||Improvements|Plant and|Fixtures and|Computer||
|---|---|---|---|---|---|
||to propertyf|machinery|fittings<br>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<br>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<br>f|fittingsf|equipmentf|Total<br>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<br>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|





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|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|



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||||||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|





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|Minimum<br>lease payments<br>under non-cancellable<br>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<br>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<br>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<br>of restricted|||fund movements||||||||
|||||||Balance at|Incoming|Resources||Balance at|
|||||||At 1.4.21<br>E|resourcesf|expended|Transfers<br>5|At31.3.22<br>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<br>of unrestricted||||fund|movements||||||
|||||||Balance at|Incoming|Resources||Balance at|
|||||||At 1.4.20f|resourcesf|expendedf|Transfers<br>5|At 31.3.21f|
|General<br>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|





## 

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|||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 <br>scheme|fund|—Job retention|303,760|(303,760)|||
|||404,662|509,625|(386,271)||528,016|



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||||||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)<br>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|