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2021-12-31-accounts

Page
Chairman's
Report
Report ofthe Trustees 2 to 5
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 18
Detailed Statement ofFinancial Activities 19 to 20

The Trustees have arisk management
strategy
which comprises:
An annual
review ofthe risks the charity may face;
The establishment
ofsystems
and procedures
to mitigate those risks identified
in the plan;
The implementation
of procedures
designed
to minimise
any potential		 impact
on the charity		 should those risks
materialise.
The status ofcurrent mitigation
actions is reported to the Board on a regular basis.
Our key operational
risks are as follows:
Our
most
important
risk,
by
far, continues
to be the
availability		 of sufficient
numbers		 of volunteers with
appropriate
skill sets.
On the downside,
a lack of volunteers
would		 restrict our ability to offer the services we
currently
provide.
There is also a risk that we are unable to capitalize on new opportunities		 that arise.
Dependency
on key members ofstaff: with a full complement
ofstaff		 the focus has been on developing new staff
to improve our operating
resilience,
As our building
ages there
is an increasing
risk of unforeseen
repair		 and maintenance costs: we have in place
regular maintenance
schedules
and activity.
A key element
in the management
offinancial
risk is the setting of the reserves
policy		 and its regular review by
Trustees.
The trust put in the volunteers
who handle cash has been identified
as an acceptable risk by		 the Trustees.
Covid-19 Risk Management:
The global
pandemic
and continuing
regulations
required
ongoing
efforts		 to allow the venue to remain open during
periods when this was permitted.
The existing Covid Secure Risk Assessment
remained
the basis		 for all aspects of the
operation
of Number
8 and Just After 8 charity
shop and all previous
measures
continued		 to remain in place upon
reopening.
Later
in the year we were able to relax our social distancing		 and
mask-wearing		 policies although we
continued
to require mask wearing whilst circulating
in public spaces regardless ofgovernment		 guidelines.
Screens remain
in place at all serving areas and counters
Hand sanitiser stations at every entrance, toilets, and at all work spaces
Revised working
practices
Face shields provided
for all public facing volunteers
and staff
Reduced
capacity
in Auditorium
(with socially
distanced
seating)
continued
until the		 beginning of September.
At this point we returned
to full capacity
in the Auditorium
and all audience		 members
entered		 through
the		 Foyer

Balance Sheet Balance Sheet
31December 2021
31,12.21 31.12.20
Unrestricted Restricted Total Total
funds fund funds funds
Notes f.
FIXEDASSETS
Tangible assets 1,723,026 1,723,026 1,760,745
CURRENT ASSETS
Stocks 12 3,080 3,080 1,304
Debtors 13 15,011 15,011 14,675
Cash at bank and in hand 393,515 393,515 394901
411,606 411,606 410,880
CREDITORS
Amounts
falling due within one year		 14 (49,799) (49,799) (37,690)
NET CURRENT ASSETS 361807 361807 373 190
TOTAL A.SSETSLESSCURRENT
LIABILITIES 2,084,833 2,084,833 2,133,935
NET ASSETS 2 084,833 2,084,833 2 133,935
FUNDS 15
Unrestricted
funds		 2 084 833 2 133935
TOTAL FUNDS 2,084,833 2 133935
Number
8
Cash Flow Statement
for the Year Ended 31December 2021
31.12.21 31.12,20
Notes
Cash flows from operating
activities
Cash generated
from operations		 4,893 ~5I 833)
Net cash provided
by/(used		 in) operating activities 4893 ~51 833)
Cash tlows from investing activities
Purchase oftangible
fixed assets		 (6&355)
Interest received 76 727
Net cash (used in)/provided by investing activities ~6479) 727
Change in cash and cash equivalents in
the reporting
period		 (i/86) (51,106)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 394,901 446007
Cash and cash equivalents at the end of
the reporting
period		 393,515 394901
ACTIVITIES
31.12.21 31.12.20
Net expenditure
for the reporting		 period (as per the Statement of
Financial Activities) (49,102) (40,344)
Adjustments
for:
Depreciation
charges		 44,074 49,528
Interest received (76) (727)
(Increase)/decrease in stocks (1,776) 3,484
(Increase)/decrease in debtors (336) 4,443
Increase/(decrease) in creditors ~12 109 ~68217)
Net cash provided by/(used in) operations 4,893 L51,833)

ANALYSIS OF CHANGES IN NET FUND S
At 1.1.21 Cash flow At 31.12.21
Net cash
Cash at bank and in hand 394901 1386 393 515
394,901 1386 393,515
Total 394901 ~33063 393,515

DONATIO NS
AND LE		 GACIES
31.12.21 31.12.20
Donations 15,100 31,441
Grants ~94 822 92 138
189922 123379
Grants received, included in the above, are as follows:
31.12.21 31.12.20
Wychavon District Council 42,087 34,366
Government Grant ~52 735 ~57 772
~94 822 92 138

3. OTHER TRADING ACTIVITIES
31.12.21 31.12.20
f.
Charity shop income 28,192 23,833
Catering 41,132 39,699
Films, box office &live event 81,422 107,833
Youth theatre 1,856
Space hire 6,438 11,336
Film/brochure
advertising		 392 3,693
Exhibition
hire and commission		 1,460 1,047
Workshops 9,169 10,336
Merchandising
and voucher sale		 2,666 8,817
Online booking fees 183
171054 208 45D
4. INVESTMENT INCOME
31.12.21 31.12.20
Deposit account interest 76 727
5. RAISING FUNDS
Other trading
activities
31.12.21 31.12.20
Opening
stock		 1,304 4,788
Purchases 54&852 70,963
Closing stock (3,080) (1,304)
Catering 18,437 14,413
Charity
shop expenses		 12,132 12,808
Arts project costs 300
Support costs 246 509 271 132
330 154 373 1DD
6, SUPPORT COSTS
Management Finance Totals
Other trading
activities		 243,558 2,951 246,509

Net income/(e xpenditur e)
is stated after charging/(creditin		 g):
31.12.21 31.12.20
Depreciation - owned assets ~44 074 ~49 528

STAFFCOSTS
31.12.21 31.12,20
Wages and salaries 137,533 143,095
Social security costs 6,871 7,507
Other pension costs 2,468 2,404
246 872 283006
The average monthly number ofemployees during the year was as follows:
31.12.21 31.12.20
7 7

No employees
received emoluments		 in excess of660,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 123,579 123,579
Other trading activities 208,450 208,450
Investment
income		 727 727
Total 332,756 332,756
EXPENDITURE ON
Raising funds 373,100 373,100
NET INCOME/(EXPENDITURE) (40,344) (40,344)

Notes to the Financial Statements - continued
for the Year Ended 31December 2021		 Notes to the Financial Statements - continued
for the Year Ended 31December 2021		 Notes to the Financial Statements - continued
for the Year Ended 31December 2021		 Notes to the Financial Statements - continued
for the Year Ended 31December 2021
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
Unrestricted Restricted Total
funds fund funds
RECONCILIATION OF FUNDS
Total funds brought forward 2,174,279 2,174,279
TOTAL FUNDS CARRIED FORWARD 2 133935 2,133 935
11. TANGIBLE FIXEDASSETS
Long term Leasehold
fixtures Refurbishments improvements
COST
At 1 January 2021 27,570 108,307 1,907,233
Additions
At 31December 2021 27 570 108307 1,907,233
DEPRECIATION
At 1 January 2021 2206 28,223 305,101
Charge for year 1 102 7 220 19263
At 31December 2021 3308 35443 324 364
NET BOOK VALUE
At 31December 2021 24 262 72 864 1,582869
At 31December 2020 25 364 80,084 1 602 132
DigitaVsound
Bcoffice Furniture
equipment &fixtures Totals
COST
At 1 January 2021 47,400 246,852 2,337,362
Additions 1890 4 465 6355
At 31December 2021 49290 251,317 2 343,717
DEPRECIATION
At I January 2021 31,613 209,474 576,617
Charge for year 6,028 10,461 44,074
At 31December 2021 37641 219935 620691
NET BOOK VALUE
At 31 December 2021 11,649 31382 1,723,026
At 31 December 2020 15787 37,378 1,760,745

Notes to the Financial Statements - continued Notes to the Financial Statements - continued
for the Year Ended 31December 2021
12. STOCKS
31.12.21 31.12.20
f f
Stocks ~3080 ~1304
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12,20
f f.
Trade debtors 2,075 156
Other debtors 1,500 1,840
VAT 1,715
Prepayments 11,436 10,964
15,011 ~14 675
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
f
Trade creditors 13,873 4,655
VAT 338
Other creditors 7,325 1,515
Event hire holding account 540 72
Gallery/craft holding account 324
Deferred income 16)892 22,321
Accrued expenses ~10507 ~9127
49,799 ~37 690
15. MOVEMENT IN FUNDS
Net
movement At
At 1.1,21 in funds 31.12.21
f, f
Unrestricted funds
General fund 2,1334135 (49,102) 2,084,833
TOTAL FUNDS ~2133 35 ~49 102) 2,084 833
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
f.
Unrestricted funds
General fund 281,052 (330,154) (49,102)
TOTAL FUNDS 281052 ~330,154) ~49,)02)

Net
movement At
At 1.1,20 in funds 31.12.20
f. f. E
Unrestricted funds
General fund 2,174,279 (40,344) 2,133,935
TOTAL FUNDS 2 174279 ~40,344) 2,133,935
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 332,756 (373,100) (40,344)
TOTAL FUNDS 332,756 )373,100) ~40,344)
A current year 12months and prior year 12months combined position
is as follows:
Net
movement At
At 1.1.20 in funds 31.12.21
f.
Unrestricted funds
General fund 2,174479 (89,446) 2,084,833
TOTAL FUNDS 2 174279 ~89446) 2 084 833
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 613,808 (703,254) (89,446)
TOTAL FUNDS 613,808 )703 254) ~89,446)