Registered number.. 03983323
Charity number- 1081752
ST GEORGES THEATRE TRUST
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
CONTENTS
Page
Reference and Admlnlstratlve Detalls of the Company. Its Trustees and Advlsers
Trustees. Report
Independent Examlner's Report
Statement of Financial Activities
10
Balance Sheet
Notes to the Financial Statements
13-29

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2022
Trustees
W Ellis
S Hood lappoinled 25 October 20211
A Johnson
R Pickering lappoinled 25 October 20211
S Scoll
P W￿le
Company registered
number
03983323
Charity registered
number
1081752
Registered office
Sl George's Theatre
King Street
Great Yarmouth
Norfolk
NR30 2PG
Company secretary
J A Goffin
Accountants
Larking Gowen LLP
Chartered Accountants
King Street House
15 Upper King Street
Norwich
NR3 1RB
Solicitors
Hansells
Cambridge House
26 Tombland
Norwich
Norfolk
NR14DS
Page 1

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report together wth the financial statements of the Company for the year 1
April 2021 to 31 March 2022. The Annual Report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the Annual Report and financial statements of the
charitable company comply with the current statutory requirements, the requirements of the charitable companls
governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo
charities preparing their accounts in accordance with the Financial ReFX)rting Standard applicable in the UK and
Republic of Ireland IFRS1021 leffeclive 1 January 20191.
Since the Company qualtfies as small under section 382 of the Companies Act 2006, the Strategic Report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Reportl Regulations 2013 has been omilled.
Objectives and activities
Objectives and activities
The Trust's principal objectives are to advance public education in the arts and to improve and develop public
lasle, appreciation and understanding of the arts in Great Yarmouth and the surrounding district.
The charity will fLJlfil its objectives by..
lal Managing and operating St George's Chapel, the cafe I bar and the adjacent Amenity and Performance
areas to provide a balanced and broad range of cultural aclivrf(ies on the premises including theatre, cinema,
performing arts, arts cenlre, community use, civic purposes, training, and other events {including craft fairs,
antique fairs, trade fairs, banqueting and functions),.
Ibl Operating the cafe I bar for the benefit of the public generally and more specifically for those visiting the
Chapel-
Icl Generating income to maintain (in conjunction with its landlord Great Yarmouth Borough Council) the fabric of
St George's Chapel and the cafe I bar for the long term benefit of the local community.
The Trust will..
Ensure that its income is used only for the purposes set out above.
Only carry out activities at other locations which are ancillary or incidental lo la) and Ibl above.
Page 2

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
Objectives and activities {continuedl
Public Benefit
The Trustees confirm that they have paid due regard lo the Charity Commission guidance on public benefit in
deciding what activities the TrLJSt will undertake.
It is considered that the Trust wll provide public benefit through..
lal Allowing members of the public access, without charge, to the Chapel so as to view its historic and
architectural features for a minimum of 100 hours in each calendar year.,
Ibl Alowing members of the public access without charge to the cafe I bar and amenity areas for the purpose of
rest and recreation.,
Icl The provision of a range of cultural experiences for the commLJnily',
Idl The provision of educational opportunities to open a roule for all ages in to the arts.
Achievements and performance
Review of activities
The theatre and pavilion café were closed until 17th May 2021, due to Covid-19 lock-down reslriclions which had
re-commenced on 4th January 2021. Operating staff were fully furloughed or flexibly furloughed during this time.
On re-opening on Monday 17th May 2021, limits on audience numbers continued for the first part of the year.
There were two main Theatre Productions during the summer - Two by Jim Carb￿right starring Joyce Branagh
and Howard Saddler, and Ghosted an Arts Council commissioned piece by James McDermott, with young
actors, which look place along the seafront Iboth productions were originally planned for the last quarter of 2020-
21 and costs were funded by the first round Cultural Recovery Fund which was received in 2020-211.
Following last year's lockdown pantomime formal, St George's Theatre again worked alongside Norfolk Music
Hub and Sheringham Little Theatre, producing a one-hour long pantomime Jack and the Beanstalk Iwritten by
Nick Earnshawl and which was performed with just foLJr actors. Again, the show was very well received and was
live streamed to schools across the county.
Live music and variety events re-commenced during the year as well as touring theatre pr(￿uCtIOns.
The regular group from Leading Lives for the FABBA sessions returned al the end of April and MAP Connect
Together to hire the theatre. The Access Community Trust hired the theatre space in August 2021 and the
theatre was also used as a vaccination centre during the year. Local schools- Sl George's Primary and Nursery
School and the Novaturienl School also hired the space. Groups hiring the pavilion space include MAP - Chill
Spot Sessions, Youth Admsory Board IYAB}, Menscraft and Opening Doors.
Local Authorities conlinLJed their grant support for the financial year- Great Yarmouth Borough Council1£25kl
and Norfolk County Council1£4.gkl. Other grants and funding have also been obtained including.. the Business
Re-start Grant1£12kl, the DCMS Cultural Recovery Fund1£45.9kl as well as other emergency funding1£10kl-
Other project grants were received during the year including.. Lift Grant £14.7k, Heritage Fund1£1.6kl from the
GYBC Events Programme for a Through the Decades Event at the WatenNays, and a fund of £875 was received
for a Live Interpretation Training Programme with Time and Tide Museum.
Page 3

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance Icontinuedl
Theatre Productions for 2022 commenced with a youth production of We Will Rock You which was very well
received.
Summer 2022 will see a production of Summer Holiday in conjunction with MT Productions.
St George's Theatre will produce its own full scale family pantomime production of Peter Pan.
The regular hires will continue from Leading Lives for the FABBA sessions, MAP - Chill Spot Sessions, Youth
Advisory Board (YABI, Menscraft and Opening Doors.
Project grants for the 2022123 period have been received from the Norfolk Community FoLJndation - £9,900 from
the Your Big Ideas Fund and £1,995 from the New Endeavours Rangers Fund, and £9,900 from the National
Lottery Community Fund to fund picnics on the plaza and a picnic Jubilee.
The Freemen's Charity donated £30k in July 2022 to support the organisalion.
Following the impact of Covid-19 pandemic we intend to continue our programmes, work with young people and
contribute to the community.
Financial review
. Review of results
The financial results are shown in the Statement of Financial Activities on page 10. A nel loss was generated in
the year amounting lo £70,701 (2021.. net income £146,253> after receipt of a management fee of £25,000
12021.. £25,000) from Great Yarmouth Borough Council and emergency support grants.
The Charity's subsidiary, St George's Trading Limited, generated a turnover of £25,214 12021.. £6,914) and
recorded a loss for the year of £1,462 12021.. loss of £5,2381- As al 31st March 2022 the company had net
liabilrf(ies of £14,21212021.. £12,749). The results of St George's Trading Limited have not been consolidated into
the Trust's accounts as the group is exempl from producing group accounts.
The Charitys interim budget and latest forecast for the new financial year 2022-23 shows the continued
expected financial effect of slowly building up the plays in the theatre following a large period of being closed.
With reduced government support in terms of emergency funding in 2022-23, there will be a negative movement
in funds.
b. Going concem
The Trustees have considered the Charity's position at the time of signing the financial statements. The
considerable support received meant that there were sufficient available funds for the theatre lo continue during
2022-23. However, with uncertainties over future funding and demand for performances, further funds will be
needed to enable the organisation to sel in place plans for 2023-24 that ensure the Theatre can continue lo be
an essential part of the offering lo Great Yarmouth residents and visitors.
Page 4

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
Reserves policy
As at 31 March 2022, the Trust had unrestricted free reserves of £70,292 12021= £97,643). The Trust held
£3,68212021.. £44,461) in reslricled funds. The Trustees recognise the need to build up and retain reserves to
provide for unexpected expenditure, for replacement of equipment and to have funds available in case of an
unforeseen downturn in income.
The Trust remews its reserves policy annually. This review encompasses the nature of the income and
expenditure streams, the need lo match variable income with fixed commitments and the nature of the reserves.
The Trustees aim lo build up free reserves equivalent to six months and amounts to £150,000.
d. Plans for future period
The Trust has benefited from funding awards from several courses, and will continue to adopt a policy of seeking
funding to provide community events, develop the work of the YoLJth Theatre Group, ensure accessibility for
minority groups with special needs and provide a wde range of entertainment that is affordable for all. The Trust
continues to work towards audience development with the aim to provide artistic programming for all lasles and
ages.
We are currently working with Norwch Theatre to ensure the sustainability of Sl. George's and the plan is that
from 1st April 2023 we will benefit from their resources, including, marketing, finance, technical and Box Office
services. This will initially be a three year agreement wth the option to extend if both parties are happy to
continue long term.
Structurej governance and management
. Governing document
St George's Theatre Trust is a company limf(ed by guarantee governed by its Memorandum of Articles of
Association. The company operates as a charitable trust, registered with the Charities Commission.
The company adopted new Memorandum and Arbcles of Association on 27 July 2012 and were accepted by the
Charity Commission in January2013.
These were further amended on 5 February 2016 to increase the maximum number of trustees from twelve to
thirteen.
Page 5

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
Structurej governance and management Icontinuedl
b. Recruitment, Appointment and Training of Trustees
The Trustees, who are also directors of the charitable company for the purpose of company law and also the
companls members, throughout the report are collectively referred lo as the Trustees.
The number of Trustees shall be not less than three and not more than thirteen persons. Trustees serve for a
three year term of office and will not normally serve for more than two terms. One third of the Iruslees retire each
year.
Trustees shall be persons who through occupation, employment or othenNise have special knowledge of the
area of benefit or who are otherwise able by virtue of their personal or professional qualtficalions to make a
contribution lo the pursuit of the objects of the charity.
All new Trustees will be provided with..
The governing document of the charity
The latest financial slalement of the charity
And are encouraged lo read Charity Commission guidance notes CC3 - The Essential Trusl8e- °Whal you
need lo know, what you need to do"
In addition, the Trustees are encouraged lo read Charity Commission and other newsletters and to allend
courses designed to keep them abreast of their duties and responsibilities.
The Trustees who served during the year and at the dale of the report are listed on page 1.
c. Risk Management
The Trustees acknowledge the Charity Commission's recommendation for them to undertake a review of the
major risks lo which the trust is exposed. A full review of the risks was completed and policies put in place.
d. Oryanisational Structure
The Trust is administered and controlled by the Trustees who meet quarterly. A Finance Committee also meets
monthly and reports to the Trustees as a body. The day lo day operation and servi￿$ of the Trust are under the
control of a General Manager.
Page 6

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law} are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Company and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any materi81
departures disclosed and explained in the financial statements.,
prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Companls transactions and disclose with reasonable accuracy al any time the financial position of the
Company and enable them lo ensure that the financial slalements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
S Scott
Trustee
Dale..
19/12/2022
Page 7

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Independent Examiner's Report to the Trustees of St Georges Theatre Trust ('the Company'l
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March
2022.
Responslbllltles and Basls of Report
As the Trustees of the Company land ils directors for the purposes of company lawl you are responsible for the
preparation of the a￿ountS in accordance with the requirements of the Companies Act 20061'the 2006 ACVI.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the Companls
accounts carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Acl'l. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145151{bl of the 2011 Act.
Independent Examlner's Statement
During my examination I have identified mallers of concern as there is a material uncertainly over the future
income of the Company as a result of the continuing uncertainly over the Theatre's funding. I draw your attention
lo note 2.2 of the financial slalemenls concerning the ability of the Company to continue as a going concern. The
Trustees have considered the going concern slalus of the Company, measures lo slabilise the position and the
future grant funding opportunities available. Based on additional funding and donations that they are activity
applying for, they have a reasonable expectation that the charity will have adequate resources lo continue in
operational for at least 12 months from the date of signing these financial slalements, and therefore the financial
statements have been prepared on a going concern basis. The financial slalements do not include any of the
adjustments that would result if the Company was unable lo Continue as a going COn￿M.
I confirm that no other matters have come lo my attention in connection with the examination giving me cause lo
believe..
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practi￿ for accounting and reporting by charities applicable lo Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021.
I have no concerns and have come across no other mallers in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
Page 8

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
This report is made solely lo the Company's Trustees, as a body, in accordance with Part 4 of the Charities
IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might stsle lo the Companls
Trustees those mallers l am required lo slate to them in an Independent Examiner's Report and for no other
purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the
Company and the Company's Trustees as a body, for my work or for this report.
Signed..
Dated.. 20 December 2022
Joanne Fox BA FCA
Larklng Gowen LLP
Chartered Accounlanls
King Street House
15 Upper King Street
Norwich
NR3 1RB
Page 9

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2022
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from-
Donations and legacies
Charitable activities
Other trading activities
Investrnents
Other income
101.452
67.110
12.628
11
14.725
116.177
67.110
12.628
11
231,259
17,820
22
2.124
2.124
15,056
Total income
183.325
14.725
198.050
264,157
Expenditure on-
Charitable activities
213,247
55,504
268,751
111,904
Total expendlture
213.247
55.504
268.751
117,904
Ngt movgmgnt in funds
129.9221
140.779)
170.701)
146,253
Reconciliation of funds..
Totsl funds brought forward
Nel movement in funds
102.197
129.922)
44.461
140.779)
146.658
170.701)
405
146,253
Total funds carried fonvard
72,275
3,682
75,957
146,658
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 29 form part of these financial stalemenls.
Page 10

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
REGISTERED NUMBER: 03983323
BALANCE SHEET
AS AT 31 MARCH 2022
2022
2021
Note
Fixed assets
Tangible assets
Investments
13
14
1.982
4,553
1.983
4,554
Current assets
Debtors
Cash at bank and in hand
15
49,655
69,433
50,547
134,580
119,088
185, 12T
Creditors.. amounts falling due within one
year
16
{45,1141
(43,023)
Net current assets I liabilities
73.974
142, 104
Total assets less current liabilities
75,957
146,658
Total net assets
75.957
146,658
Charity funds
Restricted funds
17
3,682
72.275
44,467
102, 197
Unrestricted funds
17
Total funds
75.957
146,658
Page11

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
REGISTERED NUMBER: 03983323
BALANCE SHEET ICONTINUEDI
AS AT 31 MARCH 2022
The Company was entitled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company lo obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act wth respect to
accounting records and preparation of financial slalements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
S Scott
Trustee
Dale.. 19/1212022
The notes on pages 13 to 29 form part of these financial slalements.
Page 12

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
General InformatSon
The Trust is a private company limited by guarantee, registered in England and Wales and a registered
charity in England and Wales. The address of the registered office is Sl George's Theatre, King Street,
Great Yarmouth, Norfolk, NR30 2PG. The principal activities of the Trust are detailed within the Trustees
Report.
Accountlng pollcles
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordan￿ with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Sl Georges Theatre Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially re¢ognised al historical cost or transaction value unless otherwise staled in the
relevant accounting policy.
The charity is not required lo prepare ¢onsolidaled accounts in accordance with the Charities Act
2011, and has taken advantage of the option not to prepare consolidated financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the charity and its subsidiary
undertakings comprise a small group.
2.2 Going concern
The Trustees have considered the Charitys position at the lime of signing the financial slatemenls.
The considerable support received meant that there were sufficient available funds for the theatre lo
continue during 2021-22. However, continuing uncertainties over funding sources and demand for
performances exist for the 2022-23 year. Further funds will be needed to enable the organisation lo
set in place plans for 2023-24 that ensure the Theatre can continue lo be an essential part of the
offering lo Great Yarmouth residents and visitors.
The Trustees have considered the above and Concluded that with additional funding and donations
that they are actively applying for, they have a reasonable expectation that the Charity will have
adequate resOLJr￿S to continue in operational existence for at least 12 months from the date of
signing these financial statements.
However, there is no certainty that these further funds would be received, and without these the
Company may not be able to meet ils liabilities as they fall due. This represents a material uncertainty
that casts significant doubt over the Companls ability to continLJe as a going concern. The financial
statements do not include any adjustments that may result from the Trustees being unable to secure
core funding for the 202&24 years.
Page 13

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies Icontinuedl
2.3 Income
All income is included in the stslemenl of financial activities when entillemenl has passed lo the
charity, and il is probable that the economic benefits associated with the transaction will flow to the
charity and the amount can be reliably measured. The following specific policies are applied lo
particular categories of income..
Income from donations or grants is recognised when there is evidence of entillemenl, receipt is
probable and ils amount can be measured reliably.
Income from donated goods is measured al the fair value of the g(x)ds unless this is impractical
to measure reliably. in which case the value is derived from the cost to the donor or the estimated
resale value. Donated facilities and services are recognised in the accounts when received if the
value can be reliably measured. No amounts are included for the contribution of general
volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted
service. This is classified as unrestrirted funds unless there is a contractual requirement for it to
be spent on a particular PLJrpose and returned if unspent, in which case it may be regarded as
restricted.
Income from tickets is recognised in the period to which the show relates.
2.4 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings in the Statement of the
financial activities to which il relates..
Expenditure on raising funds includes the costs of all fundraising activities, events and non-
charitable trading aclivilies.
Expenditure on charitable activities includes all costs incurred by the charity in undertaking
activities that further ils charitable aims for the benefit of ils beneficiaries, including those support
costs and costs relating to governance of the charity apportioned to the charitable activities.
Other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All cost are allocated to expenditure categories reflecting the use of the resource. Dire¢l costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute lo on a reasonable, justifiable and ¢onsislenl basis.
Page 14

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies Icontinuedl
2.5 Tanglble flxed assets and depreclatlon
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be
included in the measurement of cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis..
Theatre equipment
Office equipment
200/0 slraighl line
330/0 slraighl line
2.6 Investments
Investments in subsidiaries are valued at cost less provision for impairment.
2.7 Debtors
Trade and other debtors are recognised al the selllemenl amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
2.8 Cash at bank and In hand
Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Llabllltles and provlslons
Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the settlement can be eslimaled reliably.
Liabilities are recognised al the amount that the Company anlicipales il will pay to sellle the debt or
the amount it has received as advanced payments for the goods or services il musl provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tsx discount rate that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page 15

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies Icontinuedl
2.10 Flnanclal Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provision of the inslrumenl.
Basic financial instruments are initially recognised al the amount receivable or payable including any
related transaction costs, unless the arrangement conslilules a financing Iransaclion, where it is
recognised al the present value of the future payments discounted al a market rate of interest for a
similar debt inslrumenl.
2.11 Penslons
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company lo the fund in respect of the year.
2.12 Fund accountlng
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Reslricled funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each reslricled
fund is set out in the notes lo the financial stslemenls.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donatlons and legacles
Unrestrlcted Restrlcted
funds
funds
2022
2022
Total
funds
2022
Donations
Friends membership fees
Grants
4,088
210
4.088
210
97,154
14,725
111.879
101,452
14,725
116.177
Page 16

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Income from donatlons and legacles (contlnuedl
Unreslricled
funds
2021
Restricted
funds
2021
Total
funds
2021
Donations
1,095
785
1,095
785
Friends membership fees
Grants
200, 184
29, 795
229,979
201,464
29, 795
231,259
Incomg from charitablo a¢tivitigS
Unrostrictgd
funds
2022
Total
funds
2022
Box Office admission fees and commission
Hire of premises
50,575
16,535
50.575
16.535
67,110
67,110
Unrestricted
funds
2021
Total
funds
2021
Box Office admission fees and commission
15,246
2,298
15,246
2,298
Hire of premises
Postage charge
Youth Theatre
272
272
17,820
71,820
Page 17

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Income from other tradlng actlvltles
Income from non charltable tradlng actSvltSes
Unrestrlcted
funds
2022
Total
funds
2022
Total
funds
2021
Progamme, merchandise and raffle income
Advertising and sponsorship
501
12,127
501
12,127
12,628
12,628
Investment income
Unrestricted
funds
2022
Total
funds
2022
Bank deposit interest
11
Unrestricted
funds
2021
Total
funds
2021
Bank deposit interest
22
22
Other Incomlng resources
Unrestrlcted
funds
2022
Total
funds
2022
Fudough income
Other income
910
910
1,214
1,214
2,124
2,124
Page 18

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Other Incomlng resources {contlnuedl
Unrestrict8d
funds
2021
Total
funds
2021
Fudough income
15,056
15,056
Analysis of expenditure on charitable activities
Summary byfund type
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Expenditure on charitable activities
213.247
55,504
268.751
Unreslricled
funds
2021
Restricted
funds
2021
Total
funds
2021
Expenditure on charitable activities
98,598
19,306
117,904
Analysis of expenditure by activities
Activities
undertaken
directly
2022
Total
funds
2022
Expenditure on charitable adivities
268,751
268.751
Page 19

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Analysls of expendlture by actlvltles Icontlnuedl
Activities
undertaken
directly
2021
Total
funds
2021
Expenditure on charitsble activities
117,904
117,904
Analysis of direct costs
Total
funds
2022
Activities
2022
Stsff costs
Depreciation
Irrecoverable VAT
Production costs
Travel and subsistence
Repairs and maintenance
77,266
2,571
7,914
70,251
2,572
19,831
77.266
2,571
7,914
70.251
2.572
19,831
F li
Bank charges and interest
Printing, stationary, IT and telephone
Advertising
Insurance
1,653
8,624
5,640
3,684
16,039
19,168
403
1,653
8.624
5.640
3,684
16,039
19.168
403
Professional fees
Heat, light and water
Development fee
Propety rates
Contract Staff
Govemance costs
2,547
28,488
2,100
2,547
28,488
2.100
268,751
268,751
Page 20

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of dlrect costs {contlnuedl
Total
funds
2021
Activities
2021
Stsff costs
61.309
3,143
4, 772
30,313
738
268
61,309
3,143
4, 772
30,313
738
268
Depreciation
Irrecoverable VAT
Production costs
Box office fees
Fees and licences
Travel and subsistence
Repairs and maintenance
Bank charges and interest
Printing, stationary, IT and telephone
Advertising
Insurance
692
16.502
1,289
5,828
744
692
16,502
1,289
5,828
744
3,698
9,607
(25, 184)
90
3,698
9,607
(25, 784)
90
Professional fees
Heat, light and water
Bad debt charge
Sundry expenses
Govemance costs
720
720
3,975
3,975
717,904
177,904
10.
Indgpendgnt examiner's rgmungration
2022
2021
Fees payable to the Company's independent examiner for the independent
examination of the Companls annual accounts
2,100
2,000
Page 21

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
11. Staff costs
2022
2021
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
75,580
655
1,031
60,833
476
77,266
61,309
The average number of persons employed by the Company during the year was as follows..
2022
No.
2021
No.
Employees
No employee received remuneration amounting to more than £60,000 in either year.
During the year £17,8021£16,0261 was paid to key management personnel in respect of salaries.
12.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 £NIL).
During the year ended 31 March 2022, no Trustee expenses have been incurred (2021- £NIL).
Page 22

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
13. Tanglble flxed assets
Office
equipment
Theatre
equipment
Total
Cost or valuation
At 1 April 2021
6,857
28,728
35,585
At 31 March 2022
6,857
28,728
35.585
Depreciation
At 1 April 2021
Charge for the year
5,117
898
25.915
1,673
31.032
2.571
At 31 March 2022
6,015
27,588
33,603
Net book value
At 31 March 2022
842
1,140
1.982
At31 March 2021
1,740
2,873
4,553
Page 23

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
14.
Flxed asset Investments
Investments
in
subsidiary
companies
Cost or valuation
At 1 April 2021
At 31 March 2022
Net book value
At 31 March 2022
Al 37 March 2021
Principal subsidiaries
The following was a subsidiary undertaking of the Company..
Name
Registered office or principal Class of
place of business
shares
Holding
St George's Trading Limited
St George's Theatre, King Street, Ordinary
Great Yamiouth, Norfolk, United
Kingdom, NR30 2PG
The financi81 results of the subsidiary for the year were..
Name
Income
Expenditure
ProfitllLoss)
I Surplusl
(Deficit) for
the year
Net assets
St George's Trading Limited
25,214
126,676}
(1,4621
114,2121
Page 24

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
15. Debtors
2022
2021
Due within one year
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
11,180
24,317
14,158
5,080
13,457
32,010
49,655
50,547
16. Credltors: Amounts falllng due wlthln one year
2022
2021
Trade creditors
1,199
19,754
Amounts owed lo group undertakings
Social security and other taxes
Pension fund payable
other creditors
1,230
229
280
1,694
719
16
Accruals and deferred income
42,176
21,439
45,114
43,023
2022
2021
Deferred income brought forward
Released dLJring the year
Deferred during the year
8,110
15,2271
12,082
lQ,310
(4,062)
1,862
14,965
8,110
Deferred income represents funds received from the sale of tickets in advance of future performances and
gift vouchers yet lo be redeemed.
Page 25

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
17. Statement offunds
Statement of funds - current year
Balance at
31 March
2022
Balance at 1
Aprll 2021
Income Expendlture
Unrestricted funds
General Funds - all funds
102,197
183.325
1213,2471
72.275
Restricted funds
Signage Fund
Microphone Fund
Freemans Charity Fund
LIFT Grant
2,054
1,628
25,621
595
2.054
1.628
{25,6211
{15,3201
18,9951
15,5681
14,725
National Lollery Community Fund
Norfolk Community Foundation
8,995
5,568
44,461
14,725
{55,5041
3,682
Total of funds
146,658
198.050
1268,7511
75.957
Signage Fund - includes funds received towards the cost of signage.
Microphone Fund - includes funds received towards the costs of microphones, including £3,221 from
Geoffrey Watling Charity.
Freemans Charity Fund - includes funds received lo help cover stsff costs and other production costs.
LIFT Grant- To assist in the provisionloperation of a Sl Georges Theatre.
Lollery Community Fund - funding received for a PA system and supported funds for the Plaza.
Norfolk Community Foundation funding received to support the safe re-opening of the community cafe
for small community groups.
Norfolk County Council - Norfolk Music Hub. To assist in the provisionloperation of a St Georges
Theatre.
Geoffrey Watling Charity- Funds received for use in Sl George's Community Pavilion Project.
Drum Kit Fund - Donations provided for the purchase of a drum kil for the theatre.
Page 26

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
17. Statement of funds Icontlnuedl
Statement of funds - prlor year
Balance al
31 March
2021
Balance at
l April 2020
Income Expenditure
Unrestricted funds
General Funds - all funds
(33,567)
234,362
(98,598)
102, 197
Restricted funds
Signage Fund
Microphone Fund
Freemans Charity Fund
LIFT Grant
2,054
1,628
30,290
2,054
1,628
25,621
595
(4,669)
(4,405)
(1,000)
(732)
(5,000)
(3,000)
(500)
5,000
9,995
6,300
5,000
3,000
500
National Lottery Community Fund
Norfolk Community Foundation
Norfolk County Council - Norfolk Music Hub
Geoffrey Watling Charity
Drum Kit Funding
8,995
5,568
33,972
29, 795
(19,306)
44,461
Total of funds
405
264,157
(117.904)
146,658
Page 27

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
18. Analysls of net assets between funds
Analysls of net assets between funds - current year
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
1,982
1.982
115,406
145,1141
3,682
119,088
145.114)
Total
72.275
3,682
75.957
Analysis of ngt 0$sots bgtwggn funds- priorygar
Unreslricled
fvnds
2021
Restricted
funds
2021
Total
funds
2021
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
4,553
4,553
140,666
(43,023)
44,461
185, 127
(43,023)
Total
102, 197
44,461
146,658
19.
Pension commitments
The amount recognised in income or expenditure as an expenses in relation to defined contribution plans
Was £1,031 {2021.. £4761. As at the period end contributions of £22912021.. £199) were payable to the
fund.
Page 28

ST GEORGES THEATRE TRUST
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
20. Related party transactions
Steven Scoll, a Trustee of St George's Theatre Limited, is a Director of TMS Media Limited. During the
period Sl Georges purchased services from this company for £2,835 12021= £2,790). A creditor balance
of £11412021.. £5161 was outstanding al the year end.
Alexandra Johnson, a Trustee of St George's Theatre Limited performed work in the form of bookkeeping
for the charity in the period lolalling £Nil {2021.' £1,935). There was no oulstsnding balance due at the
year end.
Page 29