## ## |Reference|and Administrative|and Administrative|Details|| |---|---|---|---|---| |||||2 to 7| |Trustees'
Report||||| |Independent|Examiner's|Report||| |Statement|of Financial|Activities||| |||||10| |Balance Sheet||||| |||||11to 21| |Notes to the Financial Statements||||| ## ## ||||||Reference and|Admin| |---|---|---|---|---|---|---| |rustees|||||V J SAllison|| ||||||R N Booth|| ||||||M L Browne|| ||||||C E Burton|| ||||||D Kettle|| ||||||S D Kettle|| ||||||H M Mapletoft|| ||||||R M Precious|| ||||||M Spendlow|| ||||||J M West|| |Secretary|||||D Kettle|| |Registered||Office|||Louth Riverhead|Theatre| ||||||Victoria Road|| ||||||Louth|| ||||||Lincolnshire|| ||||||LN11 OBX|| |Company|Registration|||Number||| |Charity Registration|||Number|||| |Bankers|||||Lloyds Bank pic|| ||||||24 Mercer Row|| ||||||Louth|| ||||||Lincolnshire|| ||||||LN11 9JH|| |Independent||Examiner|||A Millson
ACA|| ||||||Chartered
Accountant|| ||||||139Eastgate|| ||||||Louth|| ||||||Lincolnshire|| ||||||LN11 9QQ|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |(Including
Income a|nd Expenditure|Account and S
and Losses)|tatement ofT|otal Recognise|Gains| |---|---|---|---|---|---| ||||Unrestricted|Restncted|Total| ||||funds|funds|2022| |||Note|K|E|F| |Income and Endowments
Donations
and legacies
Charitable
activities
Investment
income|from:||7,882
277,561
7||7,882
277,561
7| |Total income|||285,450||285,450| |Expenditure
on:
Charitable
activities||6|~(276„266|37,350)|315,616| |Total expenditure|||(278,266)|(37,350)|(315,616)| |Net income/(expenditure)|||7,184|(37,350|30,166)| |Net movement
in funds|||7,184|(37,350)|(30,166)| |Reconciliation
offunds|||||| |Total funds brought
forward|||361,390|1,105,561|1,466,951| |Total funds carried forward||18|368574|1,068,211|1,436,785| ||||Unrestricted|Restncted|Total| ||||funds|funds|2021| |||Note|E||| |Income and Endowments
Donations
and legacies
Charitable
activities
Investment
income|from:||23,001
153,265
14||23,001
153,265
14| |Total income|||176,280||176,280| |Expenditure
on:
Charitable
activities||6|(156,345)|(37,350)|(193,695)| |Total expenditure|||(156,345|(37,350|(193,695)| |Net income/(expenditure)|||19,935|37,350|(17,415)| |Net movement
in funds|||19,935|(37,350)|(17,415)| |Reconciliation
offunds|||||| |Total funds brought
forward|||341,455|1,142,911|1,484,366| |Total funds carried forward||18|361,390|1,105,561|1,466,951| ## ## ||(Registration
number
Balance Sheet as at|: 01155555)
31 May 2022||| |---|---|---|---|---| ||||2022|2021| |||Note||F| |Fixed assets
Tangible assets||13|1,340,701|1,387,233| |Current assets
Stocks
Debtors
Cash at bank and
in hand||14
15
16|5,609
15,113
117,528|3,819
15,564
90,080| ||||138,250|109,463| |Creditors: Amounts|falling due within one year|11|~(42, 166|(29,745)| |Net current assets|||96,084|79,718| |Net assets|||1 436 785|1 466 951| |Funds ofthe charity:||||| |Restricted
income funds
Restricted funds||18|1,068,211|1,105,561| |Unrestricted
income
Unrestricted
funds|funds||368,574|361,390| |Total funds||18|1,436,785|1,466,951| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3
Income||from donations
and legacies|||| |---|---|---|---|---|---| ||||Unrestricted||| |||||Total|Total| ||||General
f|2022f|2021f| |Donations
and legacies;
Donations
and gifts|||7,882|7,882|23,001| ||||7,882|7,882|23,001| ## |Income from charitable
activities|||| |---|---|---|---| ||Unrestricted||| ||funds|Total|Total| ||General|2022|2021| |||F|F| |Other income
Refreshments
Musical
Workshops
Pantomime
Grants receivable
CJRS grants receivable
Prog rammes
Boxoffice
Theatre cards
Lettings and commissions|3,630
27,004
29,078
2,584
20,295
81,963
444
1,251
99,462
752
11,098|3,630
27,004
29,078
2,584
20,295
81,963
444
1,251
99,462
752
11,098|174
1,423
(7,538)
500
131,655
16,045
10,797
22
187| ||277,561|277,561|153,265| ## |Unrestricted|||| |---|---|---|---| ||Total|Total|| |General
f|2022
f|2021
F|| ||||14| ## ## |6
Expenditure
on charita|ble
ac|tivities||||| |---|---|---|---|---|---|---| ||||Unrestricted|||| ||||||Total|Total| |||Note|General
6|Restricted
6|2022
6|2021f| |Cost ofgoods sold
Royalties
& play copies|||14,893
1,495||14,893
1,495|1,228
2,644| |Sets, properties,
costumes
rehearsals|&||24,142||24,142|(2,367)| |Visiting
artists &companies
Publicity
Unclaimable
input tax
Workshop fees|||49,637
17,543
4,099
6,015||49,637
17,543
4,099
6,015|2,834
806
3,951
1,750| |Depreciation,
amortisation
other similar costs|and||15,472|37,350|52,822|53,075| |Staff costs||10|77,610||77,610|68,240| |Allocated
support costs
Governance
costs||7
7|63,886
3,474||63,886
3,474|58,694
2,840| ||||278,266|37,350|315,616|193,695| ## ## |Allocated support costs|||| |---|---|---|---| ||Unrestricted||| |||Total|Total| ||General|2022|2021| ||F|F|8| |Premises costs|40,351|40,351|39,057| |Bank charges and cardnet fees
General office expenses|1,968
21,567|1,968
21,567|320
19,317| ||63,886|63,886|58,694| ## |Governance|costs|||||| |---|---|---|---|---|---|---| ||||Unrestricted|||| |||||Total|Total|| ||||General|2022|2021|| ||||6||8|| |Independent
examiner fees
Examination
ofthe financial
Premises costs||statements|2,961
513|2,961
513|2,697
143|| ||||3,474|3,474|2,840|| |8|Net incoming/outgoing|resources| |---|---|---| |Net|outgoing
resources for|the year include:| |2022|2021f| |---|---| |52,822|53,075| ## ## ## |10Staff costs
The aggregate
payroll costs were as follows:||| |---|---|---| ||2022|2021| ||6|F| |Staff costs during the year were:
Wages and salaries
Pension costs
Other staff costs|66,314
1,003
10,293|57,205
1,003
10,032| ||77,610|68,240| |2022|2021| |---|---| |No|No| |11Independent|11Independent|examiner's|remuneration||| |---|---|---|---|---|---| |||||2022|2021| ||||||F| |Examination|of|the financial|statements|2,961|2,697| ## ## |13Tangible fixed assets|||| |---|---|---|---| ||Land and|Furniture
and|| ||buildings|equipment|Total| ||F|E|E| |Cost|||| |At 1 June 2021
Additions|2,232,940|244,057
6,290|2,476,997
6,290| |At 31 May 2022|2,232,940|250,347|2,483,287| |Depreciation
At 1 June 2021|899,286|190,478|1,089,764| |Charge for the year|44,659|8,163|52,822| |At 31 May 2022|943,945|198,641|1,142,586| |Net book value|||| |At 31 May 2022|1,288,995|51,706|1,340,701| |At 31 May 2021|1,333,654|53579|1 387233| |14Stock|||| |||2022|2021| |||F|E| |Stocks||5,609|3,819| |15Debtors|||| |||2022|2021| |||E|E| |Trade debtors||8,683|8,216| |Prepayments
VAT recoverable||6,430|6,873
475| |||15,113|15,564| |16Cash and cash equivalents|||| |||2022|2021| |||E|E| |Cash on hand
Cash at bank||1,025
116,503|825
89,255| |||117,528|90,080| ## ## ## |17Credi|tors: amo|unts
falling d|ue within one year||| |---|---|---|---|---|---| |||||2022|2021| ||||||F| |Trade creditors||||12,071|6,060| |Other taxation
and||social security|||662| |Accruals||||2,800|2,625| |Deferred|income|||27,295|20,398| |||||42,166|29,745| |||||2022|2021| |||||8|| |Deferred|income at 1 June 2021|||20,398|32,663| |Resources deferred
Amounts
released||in the period
from previous|periods|27,295
(20,398)|20,398
(32,663)| |Deferred|income at year end|||27,295|20,398| ## |18Funds|||||||| |---|---|---|---|---|---|---|---| ||||Balance at 1
June 2021|Incoming
resources
F|Resources
expended
F|Transfers|Balance at 31
May 2022
f| |Unrestricted
funds|||||||| |General|||||||| |Unrestricted
income|fund||352,843|285,450|(278,266)|(7,587)|352,440| |Other|||||||| |Building
maintenance
fund
Seat refurbishment
fund|||5,270
3,277|||7,587|12,857
3,277| ||||8,547|||7,587|16,134| |Total unrestricted
funds|||361,390|285,450|(278,266)||368,574| |Restricted|||||||| |European
Regional
Development
Fund
Lottery grant|grant||167,682
854,284||(6,043)
(28,840)||161,639
825,444| |East Midlands|||||||| |Development
Agency
grant|||53,744||(1,271)||52,473| |East Lindsey
District
Council grant
Louth Town Council||grant|27,018
2,833||(1,101)
(95)||25,917
2,738| |Total restricted
funds|||1,105,561||(37,350)||1,068,211| |Total funds|||1,466,951|285,450|(315,616)||1,436,785| ## ## |Notes||to the|Financial Stat|ements
for t|he Year Ended|31 May 2022|| |---|---|---|---|---|---|---|---| ||||Balance at 1
June 2020|Incoming
resources|Resources
expended|Transfers
F|Balance at 31
May 2021
6| |Unrestricted
funds|||||||| |General|||||||| |Unrestricted
income|fund||333,905|176,280|(156345)|(997)|352 843| |Other|||||||| |Building
maintenance
fund
Seat refurbishment
fund|||5,226
2,324|||44
953|5,270
3,277| ||||7,550|||997|8,547| |Total unrestricted
funds|||341,455|126,255|~)56,345)||361,390| |Restricted|||||||| |European
Regional
Development
Fund
Lottery grant|grant||173,725
883,124||(6,043)
(28,840)||167,682
854,284| |East Midlands|||||||| |Development
Agency
grant|||55,015||(1,271)||53,744| |East Lindsey
District
Council grant
Louth Town Council||grant|28,119
2,928||(1,101)
~95)||27,018
2,833| |Total restricted
funds|||1,142,911||(37,350)||1,105,561| |Total funds|||1,484,366|176,280|(193,695)||1,466,951| |19Analysis
of net assets between|19Analysis
of net assets between|funds|Unrestricted||Total funds| |---|---|---|---|---|---| ||||funds|Restricted|at 31 May| ||||General|funds|2022| |||||F|| |Tangible
Current
Current|fixed assets
assets
liabilities||272,490
138,250
(42,166)|1,068,211|1,340,701
138,250
(42,166)| |Total net assets|||368,574|1,068,211|1,436,785| ## ## |Cash at bank and|in hand| |---|---| |Net debt|| |At|1June|Financing|At 31 May| |---|---|---|---| ||2021|cash flows|2022| ||8|F|| ||90,080|27,448|117,528| ||90,080|27,448|117,528|