|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|