2022-08-31-accounts - The Arts Depot Trust Limited

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fortheyear ended 31Angast 202	2
Rettrrrmce aad Administrat'rve. Details
Report ofthe Trostees	2	to	9
Report ofthe Independent Anditns ConsoMsted~ofFmancial Achvides	10	to 13	12
Consohdated Bahmce Sheet		14
Comtnmy Balance Sheet		15
Cash Flow Statement		16
Notes tothe Cash Flow Statement		17
Noise tolhe Bnsnoid Statenumis	18	to	32

				2022	2021
		Unrestricted	Restricted	Total	Total
	Notes	funds f	funds f	funds E	fundsf
INCOME AND BNDOWMlRKS FROM
Donations and legacies	2	327.273	179	327,452	371,250
Charitable activities
Theatre and projects		1,100,034	136,141	1,236,175	1,247,440
Other trading activities		673,018		673,018	509,764
Investment income		903		903	10
Job Retention Scheme Other income		~31521		~31521	94,558
Total		2,132,749	136,320	2,269,069	2,223,022
EXPBNDITURB ON
Fundraising coats		51,605		51,605	50,936
Other trading activities		108,730		108,730	62,940
Charitable activdies
Theatre and projects		2,037,922	180,635	2418,557	1,458,377
Total		2,198,257	180,635	2,378,892	1,572/53
NBTINCOMB /~ITURB)		(65,508)	(44,315)	(109,823)	650,769
Net gains on invesunents					334
Taxation (paid)/receivable					100
14BTINCOME		(65,508)	(44,315)	(109,823)	651,003
RBCONCILJATION OFFUNDS
Total funds bmoght forward		818,083	190,181	1,008,264	357,261
TOTAL FUNDS~FORWARD		~752 575	~145866	~898441	~1008264

		31August 2021
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes		E	E	E
PIXEDASSETS
Tangible assets Investments	13 14	73,389 ~8028		73,389 ~8028	69,091 8,028
		81,417		81,417	77,119
CURRENT ASSBTS
Stock		1,726		1,726
Debtors Cash atbank and in hand	17	117,633 ~1089173	19D,866	117,633 ~180039	I.88,D39 ~1,268 571
		1,208,532	19D,866	1,399,398	1,456,608
CREDITORS
Amounts falling due within one year	18	(537,374)	(45,000)	(582,374)	(525,465)
NET~ASSBTS		671,158	145,866	817,024	~931 145
TOTALASSBTS LESSCURRENT
LIABILITIES		752,575	145,866	898,441	1,008,264
CREDITORS
Amounts falling due afier more than one year
NETASSETS		752,575	145866	~898 441	1,008,264
PUNDS	20
Unrestricted funds				752,575	8'18,D83
Restricted funds				145,866	190,181
				~898441	~1008.264

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	6		6
PJXSDASSBTS
Tangible assets Investments	13 14	62,926 ~8030		62,926 8,030	49,342 ~8030
		70,956		70,956	57,372
CURRENT ASSETS
Debtors	17	259,558		259,558	225,769
Cash at bank and in hand		717,201	~19D866	908,067	1,10D,449
		976,759	190,866	1,167,625	1,326,218
CRED1TORS
Amounts falling due within one year NET~ASSETS	18	(301,930) ~674829	(45,000) ~145866	(346,930) ~820 695	(376,161) 950057
TOTAL ASSETSLESS~
LIABIUTIES		745,785	145,866	89],651	1,007,429
rtBTASSBIS		745 785	145866	~891651	~1007429
FUNDS	20
Unrestricted funds Restricted funds				'745,785 ~145866	817847 190,182
TOTAL FUNDS				~891651	~1007429

				2022	2021
			Notes
Cashflows flom opemting	activities
Cash generated Rom operations				50,256	841,674
Net cash provided by operating activities				50%6	841,674
Cash flows flnm inveshng	aotivifles
Purchase oftangible fixed assets Saleoffixed asset investments				(39,691)	(4,003) 1,553
Interest received				903	10
Net cash used in investing	activities			~38.788
Cash flaws fmm flnsaciag	activities
Loan repayments in year Capital repayments in year					(64,441) ~8838
Net cash used in financing	activities				73,079
Change in cash sad ossh equivalents		in the
eportiag period Cash aad.cash equivaleats ofthe~period.	atthe~			11,468 1368,571	766,155 502.416
Cash and cmh eipavaieats	atthe eod	ofthe
reporbng period				1,280,039	1,268,571

		2022	2021
			g
Net income forthe	eportmg period (as par the Statanssot ofFinancial
Actrrities)		(109,823)	651,003
Adjnstrnents for.
Depreciation charges		35,393	49,865
Donated assets			(9,247)
(Gains)/Losses on Interest received gncrease)/decrease	investments in stocks	(903) (1,726)	(334) (10)
Decrease/(increase) (Decrease)/increase	in debtors in creditors	70,406 ~56909	25,221 ~125176
		~50256	~841674

	At 1,921 8	Crsdrl)ow	A131,8,22 f
Net oagr Cash at back aod in hand	~1368 71	~lt 468	~180039
	~1268 71	11,468	1780039

	forthe year ended 31Augast 20	forthe year ended 31Augast 20	forthe year ended 31Augast 20	forthe year ended 31Augast 20	22
5.	INCOME PROM~ABLE ACTIVITIES
Gmup					2022	2021
				Activity
	Programming			Theatre and projects	567,632	59,502
	Hires			Theatre and pmjects	245,642	88,458
	Grants			Theatre and pmjects	~422 901	1,099,480
					~1236,175	~1,247 440
	Grants received, included	in the above, are as follows:
					2022 6	2021f
	City Bridge Trust				28,475	30,300
	Creative industries Insight	Programme			16,667
	Francis Winham Foundation				2,000
	Frien Barnet Educational	Trust			2,000
	Future Arts Ceutres					7,000
	National Theatre Connections			Festival	4,480	5,450
	Ove Arup Poundation				5,000	5,000
	The Red Hill Trust				2,365	2,300
	Sobell Foundation					5,000
	John Lyons Charity				23,334	33,300
	The Ironmongers Company					5,200
	Young Barnet Poundation				3,020	2,090
	ANew direction				22,500	20,000
	Kx-Thompson-Rothenberg		Foundation		5,000
	Souter Charitable Trust					3,000
	Jesus Hospital Charity				1,150
	John Horniman's Cbildrens		Trust		3,500
	Schools pmject contribunons			from schools involved	1,200
	Arts Council England				286,760	952,440
	GLA Young Londoners Fund				3,750	23,250
	The Hadley Trust Insight School ofArt					5,000 150
	The Arnold Clark Community			Pund	1,000
	Asbley Family Foundation				3,700
	D'Oyly Carte Charitable Trust				3,000
	London Borough ofBarnet I,ords Group Foundation		Fall Prevention		1,000 ~3000
					~422 901	~1099480

6.	RAISING FUNDS
Gmup
	RAISING DONATIONS		AND LBGACIES
								2022	2021
	Other fundrsising costs							~51 605	50,936
								2022	2021
								8	6
	Catering Costs							108730	62940
	Aggregate amounts							160,335	113,876
7.	CHAR%ABLE ACTIV1TOB COSTS
Gmup								Support
							Direct	costs (see
							Costs	note 8)	Totals
	Theatre and projects						~1144681	1,073,876 Governance	2,218,557
8.	SUPPORT COSTS
Group
					Management		Finance	costs	Totals
	Theatre snd projects				8 982351		80209	~ll 316	1,073,876
9.	NBTINCOME/(EXPENDITURE)
Group
	Net income/(expenditure)		is stated after charging/(crediting):
								2022	2021
								8
	Auditors' remuneration							5,566	4,650
	Auditors' remuneration	for	non audit	work				5,750	4,700
	Depreciation - owned assets							35,393	41,227
	Depreciation - assets on	hire purchase		contracts	and finance	leases			~8637

	2022	2021
	8
Wages and salaries	928,431	703,726
Sooial security costs	68,476	54,165
Pension costs	14,039	12600
	1D10946	77D 621

Management Team. The total employee benefits ofthe key maoagemant personn (2021 - 6179,579).	Management Team. The total employee benefits ofthe key maoagemant personn (2021 - 6179,579).	el oftbe charity	were 6187,21
COMPARATIVBS FORTHB STATBMBNT OFFINANCIALACTIVITIBS
	Unrestricted	Restricted	Total
	funds	funds	funds
INCOME AND ENDOWS% FROM		g
Donations and legacies	370,122	1,128	371,250
Charitable activities
Theatre and projects	1,056,550	190,890	1,247,440
Other trading activities Investment income	508,064 10	1,700	509,764 10
Other income	94,558		94,558
Total	~2029304	~193718	~2223 022
EXPENDITURE ON
Raising funds	50,936		50,936
Trading operations	62,940		62,940

				Unrestricted	Restricted	Total
				funds	funds	funds
	Charitable aclivities
	Theatre and projects			1 274,723	183654	145S377
	Tohl			1388,599	183,654	1,572,253
	NBTINCOME / (BXPENDITURB)			640,705	10,064	650,'769
	Net gains on investments Taxation (paid)/receivable			334 ~100		334 ~IOD
	NET INCOME			640,939	10,064	651,003
	RECONCILIATION	OFFUNDS
	Total funds brought forward			177,144	180,117	357,261
	TOTAL FUblDS~FORWARD			~818083	~190 181	~1008264
13.	TANGIBLE FIXEDASSETS
Group			Long	Theatre	Office
			leasehold	equipment	equipment	Totals
			8		f.
	COST
	At 1 September 2021		285,537	125,080	520,349	930,966
	Additions Disposals			~16,744)	39,691 ~211758	39,691 ~228 502
	At 31August 2022		~285 537	108,336	348,282	742,155
	DBFRBCIATION
	At 1 September 2021 Charge for year Eliminated on disposal		244,639 8,060	109,054 12,577 ~16744	508,182 14,756 ~211758	861,875 35,393 ~228 502
	At 31August 2022		~252 699	~104887	311180	~668766
	NBTBOOKVALUE
	At 31August 2022		32,838	3,449	~37 102	73,389
	At 31 August 2021		~40 898	~16 026	12,167	69,091

	Note	s totbe Financial Ststomeah	-
		forthe year ended 31August	2022
13.	TANGIBLE FIXEDASSBTS-	Continued.
Parent		Long	Theatre	Offtce
		leasehold	equipment	equipmeut	Totals
		6	6	8	8
	COST
	At 1 September 2021	281,753	43,440	468,090	793,283
	Additions			32,415	32,415
	Disposals		~16,744	~200 649	~217,392
	At31 August2022	~281 753	~26697	~299856	~608306
	DEPRBCIATION
	At 1 September 2021	240,855	421340	460,746	743,941
	Charge for year Eliminated on disposal	8,060	739 ~16744	10,033 ~200,649	18,832 ~217393)
	At 31August 2022	248,915	26,335	270,130	545,380
	NETBOOKVALUE
	At 31August 2022	32,838	362	~29 726	62,926
	At 31August 2021	40898	1 100	~7344	~49 342

14.	FIXEDASSBTINVESTS	FIXEDASSBTINVESTS
Gmup
			Unlisted
			investments	Totals
				6
	MARKET VALUE
	At 1 September 2021 and	31 August 2022	~8028	~8028
	NETBOOKVALUB
	At 31August 2022		~8028	~8028
	At 31 August 2021		8028	~8028
	There were no investment	assets outside the UK.

		Notes to the Financial	Statements - continued
14.	forthe year ended 31Augast 2022 FIREDASSETINVESTMEYIE -C~
Panmt			Shares	in
			group		Unlisted
			undertakings		investments	Totals
						f
	MARKET VALUE
	At 1 September 2021 and	31August 2022			~8028	~8030
	NETBOOKVALUE
	At 31August 2022			2	~8028	8,030
	At 31August 2021			2	8,028	8,030
	There were no investment	assets outside the UK.
	Cost or valuation at 31August 2022 is represented		by:
			Shares in
			glcllp		Unlisted
			undertakingsf		investmentsf	Totals f
	Valuation in 2021				334	334
	Cost				~7694	~7696
				2	8,028	8,030

	The company's investments at	The company's investments at	The company's investments at	the balance sheet date in the	the balance sheet date in the	the balance sheet date in the	share capital ofcompanies	include the
	following:
	Arts Depot Pmductions		Limited
	Registered	office: 5 Nether Street, London N12 OGA
	Nature ofbusiness: to		provide	theatrical	and entertainment		facilities
	Class ofshare					holding
	ordinary					100
								2022	2021f
	Aggregate	capital and	reserves					6,791	837
	Profit for the year							~5954	262
15.	RESULTS OFARTS DEPOT PRODUCTIONS~
	The summary	Snancial performance ofthe			subsidiary	alone is:
							2022		2021
	Turnover						958,039		187,511
	Cost ofsales	and administrative		expenses			(952,085)		(187,149)
	Corporation	tax							100
	(Loss)/Profit	for the financial year						5,954	262

16.	forfne year ceded RESULTSOFTHBARTSDEPOT TRUST~	forfne year ceded RESULTSOFTHBARTSDEPOT TRUST~	31August 202	2
	The results ofThe Arts Depot Trust Limited, excluding		those of it' s	whogy owned subsidiary	Arts Depot
	Production Limited are as	follows:		2022	2021
	Income and endowments			1,516,029	2,059,008
	Expenditure on Charitable	Activities		~1631807	~1408601
	Net incoming resources			(115,778)	650,407
	Gain/(loss) on revaluation				334
	Total funds brought forward			~1007,429	356,688
	Total funds carried forward			~891651	~1007429
17.	DBBTORS:AMOUNTS FALLING DUBWITHIN ONB YEAR
Gmup				2022	2021
	Trade debtors			102,514	61,317
	Other debtors			1,963	4,080
	Prepayments and accrued income			13,156	122,642
				117,633	~188039
				2022	2021
	Trade debtors Amounts owed by group undertakings			91)079 153,916	53,668 71.106
	Other debtors			1,963	895
	VAT				709
	Prepaymects and accrued income			12,600	~99391
				259,558	225,769
18.	CREDITORS: AMOUNTS	FALLING DUBWITHIN	ONE YEAR
Gmup				2022	2021
	Trade creditors			160,632	230,677
	Social security and other taxes Other creditors Accrue!a snd deferred income			14,886 85,422 213,192	15,394 61,930 157,033
	Accrued expenses			~108242	~60431
				~582 374	~525465
Parent
				2022	2021
	Trade creditors Social security and other taxes			96,198 15,204	193,272 14,849
	VAT			12,401
	Other creditors			45,897	45,893
	Accruals and deferred income			112,559	67,098
	Accrued expenses			64,671	55.049
				346,930	376,161

LEASING Mi and Parent	REEMENT8
				Non-cancellable	operating
				leases
				2022	2021
				f	8
Within one year				2,963	2,604
Between ona and five years				2,517	866
				~5480	~3470
MOVHMEV INFUNDS
			Net	Transfers
			movement	between	At
		At 1.9,21	in funds	funds	31,8.22
					8
Unrestricted funds
General fund		523,083	16,614		539,697
Designated Fund		295,000	~82 12?)		~212878
		818,083	(65,508)		752,575
Restricted fimds
Arts Education	&Participation	175,200	(29,334)		145,866
Capital fund		481	(481)
Artistic Development		14,500	~14500
		190,181	44315		145,866
TOTAL FUNDS		1008,264	~109823)		~898441
Net movement	in funds, included	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
				8
Umestricted funds
General fund Designated Fund		2,077,749 ~55 000	(2,061,135) ~137133	16,614 ~83 333
		2,132,749	(2,198757)		(65,508)
Restricbxl fimds
Arts Education	k Participation	82,025	(111,359)		(29,334)
Capital fund			(481)		(481)
Artistic Development School Fund		46,095 8,200	(60,595) ~8,200)		(14,500)
		136.320	180635
		3989389	~3378 893	~109,823)

MOVEMENT	IN FUNDS - amti	mu4
			Net	Transfers
			movement	between	At
		At 1.9.21	in funds f	funds	31.8.22
Unrestricted fimds
General fund		522847	10,660		532,907
Designated Fund		~295 000	~82 122		212,878
		817,247	(71,462)		745,785
Reatdcted fimds
Arts Education	&Participation	175,200	(29334)		145,866
Capital fund		482	(482)
Artistic Development		~14500	~14 00
		~190182	44316		~145866
		1~007429	115778		~891651
Net movement	in funds, included	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended f	losses	in funds
Umesiricted fimds
General fund Designated Fund		1,324,710 55,000	(1,314,050) ~166.166		10,660 ~62.122
Restricted fimda		1,379,710	(1,451,172)		(71,462)
Arts Education &Participation Capital fund Artistic Development School Fund		82,025 46,095 8200	(111,359) (482) (60,595) ~8200)		(29,334) (482) (14,500)
		~136320	180636		~44 316
		~15I6030	~1631808)		~115778)

				Net	Transfers
				movement	between	At
			At 1.9.20	in funds	funds	31.8.21
			6
Unrestricted	feeds
General fund			177,144	420,939	(75,000)	523,083
Designated	Fund			220,000	75,000	295,000
			177,144	640,939		818,083
Restricted funds
Arts Education		Ih Participation	164,000	11,200		175,200
Capital fund			5,617	(5,136)		481
Artistic Development			10,500	4000		14,500
			~180117	10064		~190181
			~357261	~651003		1~008 64

	Incoming	Resources	Gains and	Movement
	resources	expended	losses f	in funds f
Umestricted funds
General fund	1,809,304	(1,388,699)	334	420,939
Designated Fund	220,000			220,000
	2,029,304	(1,388,699)	334	640,939
Restacted Smds
Arts Education dr Participation	86,078	(74,878)		11,200
Capital fund Artistic Development	107,640	(5,136) ~363,666		(5,136) 4,000
	~193718	183654		10,064

MO~	IN FUNDS - conti	nued
			Net	Transfers
			movement	between		At
U~ tbads		At 1.9.20	in funds	funds f		31.8.21
General fund		176,571	420,676	(75,000)		522,247
Designated Fund			220,000	~75	000	~295 000
		176,571	640,676			817,247
R striated fimds
Arts Education	k Participation	164,000	11,200			175,200
Capital fund Artistic Development		5,617 10,500	(5,135) ~4000			482 14,500
		~180 117	~10065			~190182
		~356688	~650 741			1~007,429
Net movement	in funds, included	in the above are as foBows:
		Incoming	Resources	Gains and		Movement
		resources	expended f	losses f		ia funds f
Unresniated funds
General fund		1,645,290	(1,224,948)		334	420,676
Designated Fund		~220000				~220 000
		1,865,290	(1,224,948)		334	640,676
Restricted ttmds
Arts Education	&Participation	86,078	(74,878)			11,200
Capital fund Artistic Development		107,640	(5,135) ~la3 633			(5,135) 4,000
		193718	~183633			~10065
		2,059,008	~1408601)		334	~650 741

		f,
Balance	at 1 September 2021	157,033
Amount	released to incoming resources	(157,033)
Amount	deferred in the year	213,192
Balance	at 31August 2022	213,192

Balance	at 1 September 2021	67,098
Amount	released to incoming resources	(67,098)
Amount	deferred in the year	112,559
Balance	at 31August 2022	112,399