RegiSted Charity Number 1103308 Registered Company Number 0506930? England and Wales Leatherhead Revival Trust Report and Financial Statements 31 March 2021
Leatherhead Revival Trust Trustees. report Th¢ Tru5t¢C5 present their rewrt and financial statements for the year ended 31 March 2021 which are also prepared io meet the requirements for a directors, report and accounts for Companies Act purposes. The financial stsiements comply with the Charilies Act ?01 I: the Companies Act 2006. the Memordndum and Anicles of AsSlKiation. and AccouE]ting and Rew)rting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts tn accordance with the Financial RertIng Stsndard applicable in the UK and Republic of Ireland (FRS 102) {effe¢iive l January 2019). Objectives gnd aetiYitie5 undertaken for the publi¢ benefit The (Trbjects of the charity are: - To advance the Christian faith generdlly: - To advance educ*ion in general: - To provide and maintsin facilities for the beneftt of the cornmunity of Lgatherhead and the surrounding neighbourhiMKI. - The relief of the poor. the sick and the agat The charity h&s the general aim of contributing the quality of life of the people of the local area and b¢yond by expanding their horizons through the provision of anistie events. The strategies employed to achieve th¢ charity's objective5 ar¢: - Making use of the theatre fwilities for worship. educational and artistic events; Making the theathcal fachlities available for commercial. educatithwl and community . Using the iheatre to enhance wcial and culturnl inclusion. The tn15t¢es confimi that ihey have complied with the duty in Seaion 4 of the Charities Act 2006 10 have due regard io the Charity Commisston's general guidance on public benefiL including the guidance on fee charging. The theatre relies on the incoTne from fees and charg4 and grants. to cover its operdiing costs. In setting the level of fee5. charges and concessions. Ihc trustees give consideration to the accessibility of the theatre for thos¢ on low intomes. The trustees have also referred io the guidance Colltsined in the Charity Cornmission's genernl guidance on public benefit when reviewing aims and objrftives and in planning fuiure activities. Achievements aDd ptrforrnanct The trustees and chief executive work to ensure that the theatre is both used and made available for ¢v¢nts which fvlfil the charitable objects and enable5 il lo operdie in a stsble financial environment. The use of the theatre facilities for worship and other Christian a1VitieS It was noi possible for ihe theatre f1[itieS io be used for o¢¢asiollal rneetings which provide worship. prayer and thIng opportunities for the local community this year due to the pandemic related national and regional public hedlth restrictions on owiin& Facilities made available for education The theatre facilities are made available for the provision of education and training events. and used by a Theatre School which provides training in drarn& da¢ and singing. iA)¢al schools were not able to make use of the theatre for their own productions this year and the Shakespeare khools Festival did not take place due to coronavirus related public health national resthct10s.
Leatherhead Revival Trust Trustees. report Achievements and performance (CODtiDued) The Theatre as an artistic venue Public health measures introduced by the Governmeni to contsin the coronavirus pandemie megnt that the theatre was closed for the majority of the year. A very limited number of productions were staged during the year, with audience capacity Constrained by social distsncing requirements. Th¢ programme attracted 1.377 patrons and varied from dance to mS1¢al theatre. Fihn screenings attrathd 988 people and event cinema 1,350 people. The Leatherhead Drama Festival. usually a two week eveni with adult and junior groups taking part. wa5 not able to take place thi5 year. An online gallery Open during the year and hostrd a number of art exhibitions featuring a broad range of wi¥k from sixieen artists. The [h¢thead Theatre R¢rtrtory Company remains dormant at presenL Whilst the trust rernains committed to making theatre a vital and affordable part of life in Ltatherhead and the surrounding community. li has to do so on a financially sustaknable basis. Fingncial review The level of unrestri¢ted income to the trust was 16% lower this year mainly due to th¢ abs¢nce of income from the thre not being fully (Trfftd by the £62288 doThions and £48.143 grJnts received during the year. Unrestricted ¢xpenditure w15 in line with lagi year. Due to the accumulated losses incurred by th¢ theatre Company no income or donion5 were received by the tTU5t from that sourcc this year. Reserves policy The trlltts believe that the unrestricted reservek should be sufficient to meet contracted liabilities. Free reserves of approxam*ely £50.IM)O (?020.' £50.() are considered suitsble. At present the ¢harity has free res¢rves of £45.74] (20?0= £49.105). Investment policy The twstees. having regard to th¢ liquidity requirements of 0[ting the trust and to the reserves pTrlicy, operate a policy of keepang available fvnds in an interest beartng d¢p05ii account and seek to achieve a rate of interest which matches or exceeds inflation. Due to wider ecortonjic ¢ircumstanc¢s it h&s Troi been TM>ssible to achieve this airn during the year. Plans for future pellods Trustees continu¢ to seek fiwther ways of Wing the theatre to more beneficial use for those who ar¢ disadvantaged in society, and to raise fijnds to enhance the ficilities of the venue and maintaTn the fabric of the Grdd¢ 11 lisied building. Reference admiDlStY•tive det8iLs Charity numr.. 1103308 Company number. 5069302 Registered office.. The Theatre. 7 Church StreeL ttatherhea(L Suryey KT22 8DN Th¢ director5 of the charitable company (the ¢hartty) are its trustee5 for the purpose5 of charity law. The trustees and officers who 5¢rved from l April 2020 to the dale of this Teporu lesS otherwise ststed. were as follow5: RABull W E Hatfield
Leatherhead Revival Trust Trustees. report Reference and administr4tiYe detsi15 (continued) sretary. W E Hatfield Chief Executiv¢- T C Caffell Stryctuye. GoY¢rnanee and Man#gemeTrt Governing document Leatherh¢ad Revival Trust l5 a company limited by guarantee governed by its Memorandurn and Articles of Association dated 10 March 2004. It is registered as a charity with the Charity Commission. The tnjstees are th¢ members each of agrtts to ¢0niribe such amount &% may be required (not exceeding £10) the event of the charity winding up. Appointment of InttS As set out in the Articles of As%>ciation the Iee5 are apwTrinted by resoluti{ of the trustees passed by majority of the irustees. The chatnnan of the trustees is appointed by the trustees. The trnstees are not subjeci to reiirement by roiation. The ter¥n of the trustee continues until he or she retires or is removed in accordance with the relevant provisions of the Articles. All trStee$ are made aware of the intention to apw)int new tnjstees and are invited to nominate new trnstees. Ivhen considering candidates for a p05ation as tThstee the Board has regard to the expertise of the candidatr, any specialist Skills neeth¢ and the likely ability of the candidate to discharge the objects of the trust. Trustee induction and training Trnstee5 are briefed on their legal obligations un(kr charity and company law. the Charity Commission guidance oft public beneflt, and infornied atrA)Ut the cont¢nt ofthe Memorandum and Articles of Association. the board and decision-making processe& the budget and recent financial perfonnaD¢e of the charity. Trusiees are encouraged to meet key employees and visii the operational location in order to familiarise themselves with operations. and to attend appropriate external trdining events where these will fdcilitate the undertaking of their role. Organi5ation The board of irnstees, which can have an unlimited number of rnemlw administers the charity. The board norn)ally meets bi-monthly. A chief executave is apind by the frus$ io rnanage the day-to-day operations of the charity. To facilitate effective operdtions, the chief executive has delegatrd authority, within ierm5 of del¢gation approved by the trustees. foT operational rnatters. Related parties None of the tNste¢5 receive r¢Tnuneration or other benefit from their work with the ch8rtty. Any conneetion between a trustee or senior manager of the charity with a production ¢ompany. contra¢ted actor. perfomier or exhibitor must be disclosed to ihe Ix)ard in the same way as any other contractual relationship with a related party. In the current year no such related party irnisactions were reported. The majority of the activities of the charity are conthicted through a wholty owned subsidiary company. namely the Leatherhead Theatre Company Limiied. The Lhcrhtad Theatre Repertory Company Limited is curr¢ntly dorn)ant. To ¢nsure full co-ordination and constst¢rw between th¢ trusi and its subsidiary companies the chief cxccutive is managing director of these companies.
Leatherhead Revival Trust Trustees, roport Structure. Cov¢rDanee and Management (contittu¢d) Risk Management The tntstees have a risk-manage¥nent strategy which Comprises". - An annual review of the principal risks and unc¢rtainties the charity may f¢. - The establishment of Systems and proCedUS to mitigate risks identified in the plan: - The implementation of procedures designed to minimise and manage any weniial impact on the charity should those risks MerialiSe. Trustees, responsibilities in relation to fillan¢ig1 statements The charity trustees (wtho are a150 the direthors for the purposes of company law) are responsible for preparing a tru51ees' annual report and financial stsiement5 in accordance with applicable law and United Kingdom Accounting Standards (Uniied Kingdom Genernlly Accepted Accounting Practice). Company law requires the chartty trusttts to prepare financial slatements for each year which give a true and fair view of the state of affairs of the charitsble company and of the incolning resource5 and appliClon of resources, includin¥ the kncome and expendilure, for rtriod. In preparing these financial sratements the trustees are required to.. - select suitable ac¢ounting policies and then apply them consistently. observe the Tn¢thods and principles in the Charities SORP- - Tnake jud¥eTnents and estimates that are reasonable and prudenL - state whether applicable UK accountillg sthndards have been followe(L subject to any material departures disclosed and explained in the financial statements. - prepare the financial staielnents on the going concern basis unles% it is inappropriate to presume that the charity will continue in operation. The tnjstees are r¢SnSible for keeping proper accounting record5 that disc105e with reasonable accur&cy at any time the financial tMTrsition of the charity and enable them io ensure thai the financial staiernents comply with the Companies Aci 2(M)6. They are also responsible for safeguarding the assets of the charity and hence for taking r¢osonable 5t¢ps for the prevention and detection of frdud and other irregularities. Dise105ure of Inforn&tloN to indeptndent ¢x#rNiner Each person who N'as a trustee at the lime this rew)rt was approved confirnis that: - so far as &lhe is aware. there L5 no relevant inforniation. belng informaiion ]eded by the independent examiner in connection with preparing their reporL of which the company's independent examin¢r is unaware: and - has taken all the steps that slhe ought to have taken a trustee in order to make herlhimself aware of any relevant inforn?*ion and to establish the compan5 independent examiner is aware of that infornjation. Small eornpany provisions This report has been prepared in accordance with the proYiSiOTts in Part 15 of the Companies Act 2006 appli¢&ble to cornpanies subjea io the small companies regime. and th¢ recOMndatIOnS of the Statement of Recommended Practice - Ac¢ounting and Reporting by Charities preparing their accounts tn accordance with th¢ Financial Reporting Standard applicable ill the UK and Republic of Ireland (FRS 102) effe¢tive l Januwy 2019.
Leatherhead Revival Trust Trustees, report This reEM)n was approved by the trustees on 17 August 2021 and signed on their behalf by W E Hatfield Chair Th¢ Theatre, 7 Church Street Leatherherf Surr¢y KT22 8DN
Independent examinerfs report to the trustees of Leatherhead Revival Trust (Registered number: 05069302) Independent examiner'5 report to th¢ ¢ru5tees of lxatlk¢rhd Revival Trust ('tb¢ Company.) I repon io ihe charity tNstees on rny examination of the accounts of the Colnpany for th¢ y¢ar ended 31 March 2021. Responsibilities and basis of rewbrt As the charitys trnstees of the Company (and also directors for the purp)ses of ¢ompany law) you are responsible for the pr¢paration of the acwunts in accordance with the requirements of the Companies Act ?006 {'Ihe 2006 Act.). Having satisfied rnyself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for inderÈnd¢nt examination. I r¢port in respect of my examination of your chariiy's accounts as carried out under section 145 of ihe Charitie5 Ad 2011 ('the ?01 l Act'l. In carying oui my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 ACL Independent txaminer's statetnent I have completed my examination. I confirni that no matters have come to my attention in connection the examination that gi¥'e me cause io believe.. l. accounting records were not kept in re4%d of the Company as required by section 386 of the 2006 Act: or 2. the accounts do not accord with those records. or 3. the accounts do not comply with ihe accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts giv¢ a true and fair view which is not a matter considercd as part of an independent examination: or 4. the accounts have not been prepared in rdance with the meth(MJs and principles of the Statement of Recotnmended Prdciice for a¢couniing and reporting by charities applicable to charities preparing their accounts in accordance wtth the Firwicial Reporting Standard applioble in the UK and Republi of Ireland (FRS 102). I have no concerns and have come auoss no other rnatters in connection with the examinatiort to whi¢h attention should be drawn in thi5 rwjrt in order to enable a propcr understanding of the acwunts to be reached. H M Day BS¢ (Hons) FCA [hA Tudor John LiTllited Nighttngale House 4648 Fasi Street Ep50m Surrey KT17 IHQ
Leatherhead Revival Trust Statement of financial activities (including income and expendlture account) for the year ended 31 March 2021 Unrestrieted Restrleted funds funds 2021 Total 2020 Total Not¢s Income: Donations and grants 110,431 291 110.722 14.584 Charitable activitie5: Operation of theatre 121,216 Fundraising.. t£ttings & Concerf5 18.IKY) 18.000 17.720 Investments 121 121 47 Total in¢ome 128.552 291 128.843 153.567 Expendlture ofj: Raising funds . LeLttngs 9.234 9,234 8,845 Charitable activiiies: Or¢Tation of theatre Ministy activiiies 146.909 836 147.745 149,371 Total expettditll 156.143 836 156,979 158216 Net {expenditure) #Thd Det movement in fullds for tbe yegr (27.591) (545) 128.136) {4.(A9) Reconciliation of funds: Total funds brought forward Total funds carried forward 98.020 100.116 71.980 104,765 100.116 12 70,429 1.551 The charitable coMpanS incoming resourtts and resou exp¢nded all relate to coniinuing 0tionS. The charitable company has no recognised gains or low other than those included above.
Leatherhead Rèvival Trust (company registration number: 05069302) Balance sheet as at 31 March 2021 Unrestrieted funds Restricted funds 2021 Total 2020 Total Not Fixed assets Tangible assets Investments 523 1,209 1,612 688 523 1211 1.614 Current 855ets Debtors Cash at bank and in hand 60.547 60.578 35.498 96.076 81.904 38.277 120,181 3206 3237 92.839 Creditors: 8mouttt$ f4lling due within one year 10 (23,098) (2.209) (25.307) (21.679) Net eurrettt a55ets 69.741 1.028 70,769 98,502 Totsl thssets le55 curreDt liabilities 70.429 1.551 71.980 100.116 Net a55ets 70.429 1.551 71,980 100,116 Funds Restricted funds Unrestricted fimd$ 1,551 1.551 2.096 98,020 70.429 Total funds 70.429 1,551 71.980 l(M).1 16 The charitable company is entitled to ¢x¢mption from audit Section 477 of th¢ Companies Aci 2006 ror the year ended 31 March 2021. The memb¢rs have not required th¢ charitable cornpany io obtsin an audit of its financial ststements for the year ended 31 March 2021 in xcordance with Section 476 of the Compani Act 2006. The trustees acknowledge their resp>n5ibilities for (a) ensuring that the charitabl¢ company keeps accounting r¢¢ords that comply with Sections 386 atKI 387 of the Companies Act 2(M)6 and (b} preporing financial siatements which give a tru¢ and fair view of the state of alFatrs of the charitable company as at the end of each financial year in accordance with the requirement5 of Section5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2{ relating to fi¥wioial stat¢rnenW so far as applicable io the charitable company. These financial statemenis have been prepared in accordance with the provisions in Part 15 of the Compallies Ad 2006 applicabl¢ to companies Subje io the small companies regime. Approved by th¢ Trustees on 17 August 2021 and SI on their IhaIr by Trustee
Leatherhead Revival Trust Notes to the financial statements for the year ended 31 March 2021 Statutory tnfomation Leatherhead Revival 1'ru51 is a charitsble COTnpany. limited by guardntee. dotniciled England and Wale& cornpany registration number 05069302 and charity registralion number 1103308. The register¢d office address is The Theatre. Church Str¢¢L LeatheThead. Surrey KT2? 8DN. Accounting policies 2.1 Ac¢ouTrting CODvetttion The financial statements of the charity, which is a public befit eniity under FRS 102, hav¢ been prepared in accordance with the Charities SORP {FRS 102) 'Accoun¢ing and Rew)rting by Charities:Statement of Recommended Prartice applicable io charitie5 preparing their accounts in accordance with the Financial Reporting Sthndard applicable in the UK and Ireland (FRS 102) {effective l January 2019) including update bulletin I, Financial Rewrting Standard 10? The Financial Reporting Stsndard applicable in the UK and Republic of ireland. and the Cornpanies Aa 21M)6. The charity ¢onstitutes a public nefit entity as defined by FRS 10? Assets and liabilities are initially recognised * historical cosi or transaction value unless otherwise ststed in the relevant ac¢ounting policy note(s). 2.2 Preparntion of the fiTranei#l st&¢¢rn¢nts on * going coTh¢¢rn basis The tAte¢S recognise thai the future t*rforn?ance of the charity will inevirablj continue to be impa¢ted by the novel corollavirus {covid-19) which was declared a global pandemic by the World Flealth Organisation in March 2020. In the peritKI Since the financial year end de the charity's operntion5 have been impacied by the pandemic. However. the trustees have currently assessed that the charitv should not b¢ 50 affected by the pandemic it should not regarded as a going concem and ther¢fore the financial statements include no adjustment in this respeci. 2J Group aeeounts The financial ststerneTtts contain tnforntation aknut Leathethead Revival Trnst L% an individual charitable ompany and do not contain consolidated financial infonnation as the parent of the group. The wup constitutes a$ 8 5rnall group in accordance with ihe StstfflJ¢nt of R0MMended Practice and therefore the charhty is exempt fronj preparing group ¥count& 2.4 Intome Income is reeognised when ihe charity has entitlement to the fid$, any PErfonnance conditions have been met. it is probable that the income will be received and the arnowjt can be measured reliably. and in the ase of grants is not defeTred.
Leatherhead Revival Trust Notes to the financial statements for the year ended 31 March 2021 Aecounting wlicies (eonlinued) 2.5 Expenditure and irrecoverabk VAT Expenditure is recognised 01¢ there is a legal or CofLStructive obligation to make 8 paytnenl to a third Frty. il is probable settlerneftt will be required and the amount of the obligalion can be measured reliably. Irrecoverable VAT is charged against th¢ category of expeThJiture for which it was incurred. Costs of geneming fund5 are those incurred in attraciing voluntary income. Governance costs comprise costs which relate to constitutional and sthtutory requirements. Supp)rt costs include central fi]nctÈons and are allocated to cost categories on a basis consisrent with the use of resources. such &5 allotIng operty eosts by fl(x)r areas. staff costs by time spent and other costs by their usage. 2.6 Voluntary help A Certain amouni of time 15 cxpended on the charity's activities which is donated free of charge. It is not )ssible io quantify the value of the time given. and xcordingly it is neither recorded donated income nor as an expense in the financial Statements. 2.7 Tangible fixed assets and deprefiatiDD Tangible fixed assets are ststed in the balan¢e shed at cosr less depreciation which is Calculed at rat¢5 to write off the cost less e5tkmat¢d residual value over their remaining useful lives &s follows: Leasehold prorKrty Leases Equipment ovcr the t¢rm of the lease on a Strdighi line basis over the lerm of the lease on a strdight line basis 250/0 per annurn reducing balan¢¢ basi5 2.8 Opernting kases Rentals payable under operating leases ue chwged on a straight line basis over the tem) of the lease. 2.9 Debtors Trade and other debiors or¢ recognised at the settlement amount du¢ after any discount offered. Prepayments are valued at ihe amount prepaid net of any discounts due. 2.111 Creditors 8nd provlsions Creditor5 and provisions are rrfognised where the charity has a present obligation resulting from a pt event thai will probably resuli in a tsHnsfer of fijnds io a third party and the amount due to settle the obligation can be measured or estimated reliabty. Crediiors and provisions are nomially recognÈsed at their settlement amount after allowing for aTJy trth discounts due. 10
Leatherhead Revival Trust Notes to the financial statements for the year ended 31 MarGh 2021 Accounting policies {contine) 2.1 l Financial instruments The Trust only h&s financial instruments and financial liabilite5 of a kind that qualify as basic financial instruments. These are initially recognised at tf8nsaction Val and sub5¢qU¢lltly measur¢d at thetr settlement valu¢. 2.12 Fund ac¢ovntiDg Unr¢stri¢ied funds comprise accunjulated surpluses and deficits on general funds. They atr available for use ai the discretion of the trnsiees in furtherance of the general charitsble objectives. Restricted fvnd5 ar¢ used in line with donols instructions. The ¢harity holds funds to finance work on the leasehold property and a150 for ministy and overse&s activitie 2.13 Crltieal aecounting judgements *ttd key sources of fstimation uncertaiThty In th¢ application of the charitys accounting policies which are described above, trustees ar¢ r¢quired to Tnake judgements. esiimates and assumptions aEK&ui the carrying value of assets and liabilities th are not readily apparent from oth¢r sources. The esiimaies and underlying assurnptions are based on historical experience and other factors that are considered to be relevant. Actual results rnay differ from those estimates. The estimates and underlying uMptIonS are reviewed on an onging basis. Revisions to accounting estimates are recognised in the period in which the estirnate is revised if the revision affects only that period. or in the peritxl of revision and firture periods if the revision affects Ix)th current and future periods. The key sources of ]mation uncertainty that have a significant effect on the amounts recognised in ihe financial ststements are described belov. Depreciwion A55ets are written over their estimated use1 liv. The acDJal lives of assets may diff¢r from these estimate5. Th¢ lives of tssets are k¢pt under review a] adjusted &5 appropriate. Allo¢ation of costs between activiiies As a small charity many Costs incurred. including staff lime. cover more than one activity. These costs are allocated to activiiies based on the key cost driv¢r5 and best esiimaies of stsff time on each tIVity. Costs of ebarit4ble activities Unrestricted funds Rutricted tunds Total 2021 Total 2020 Operation of theatre Ministry and overseas athivities 146. 836 147.745 149.371 146.909 836 147,745 149.371
Leatherhead Revival Trust Notes to the financial statements for the year ended 31 March 2021 Anly$is of governnee ¥4nd support t(ts The Trust allocates its support COSL8 incurred from unrestrici¢d fi]nd5 shown lOw. Support costs are allocated on a basis consistent with the use of resources. Fundraising Governantt & L¢ttings Aetivitks Totsl 2021 Total 2020 sUprt cost Office costs Salari¢5 Independent examin*ion D¢pr¢¢iatio 9212 1.031 9,21? 8250 1.500 8.034 8.250 1.500 14 2.475 4.744 1,500 2.475 6244 10254 18,973 17,798 Trnding adivity of subsidiaries The charitable company has two wholly owned subsidiaries. The IAtherhead Theatre Company Limited. ompany registration number 4451758, and The Leatherhead Theatre Repertory Company Limited, company registrntion nurnb¢r 7677853 which is currently domiant. The results for the year to 31 Mah 2021 have noi been included within the charitys financial ststrments. A sumrnary of the trading results is thown below. 2021 2020 Turnover Cost of sales 78.937 (140.463) (61.526) (21.853) (48.244) .817 (40.806) 39 631.127 (34?.448) 288,679 (183.832) (65,058) 3,149 42,938 157 Gross profit Premises ¢osts Administrative expenses Other operating income Operating (loss) I profit before interest Interest receivable (Loss) I profit before taxation Taxation (40.767) 43.095 - ij s.8 (34.859) (5,908) 37.187 (L0s5) I profit after taxktion Gift Aid donation to pareni Charity Reiain¢d profit 5 (136) 57,095 12
Leatherhead Revival Trust Notes to the financial statèments for the year ended 31 March 2021 Total resources expendeil Sttf DepreciatiDD eosts Other rosts Totsl 2021 Tot81 2020 ttttings Charitable activilies Governance 2,475 1,031 4,744 6.759 140.067 1.5(Kl 148.3?6 9234 141,501 6,244 156,979 8,845 143,127 6244 403 403 158.216 Governance- (Xher cosrs ¢omprise inde11 examinion fees of £1,5) (2020: £1.500). Staff costs 2021 2020 Salaries Social security costs 8250 8250 8250 8,250 The salaries paid wer¢ all to key managemeni per51)nllel. The average number of per%5 employed by the Tru during the year Wa8 as follows: 2021 Nutnber 2020 ]Yumber Tnl- administralion No employee received reTnunerdtion in excess of £60.(KK) (2020.. None) for the year. No rernuneration (2020.. £ Nil) was paid io any of the trustees during the year. thwing the year no expenses (2020.. £ Nil) were reimbursed to any truste¢. Other cost5 2021 2020 Premises Activities and events Miscellaneous 139.917 143.038 7.748 6.391 148.326 149,429 13
Leatherhead Revlval Trust Notes to the financial statements for the year ended 31 March 2021 Tanglb]e fixed assets IAsehold property irnprovemeDts Equipment Total Cost At l April 2020 Additions Disposals At 31 March 2021 455.468 69,990 525.458 455,468 69,990 525.458 Depreeiatio At l April ?020 Disposals Charge for the year At 31 March 2021 455.468 68,378 5?3,846 403 403 455,468 68,781 524,249 Net book v41ueJ At 31 March 2021 1.209 1,612 1.209 1,612 At 31 March 2020 Fixed asset investments Cost of Charity sbares in subsidiaries 2021 21120 At 31 March In ihe opinion of the trusiees. the value ot- the charity's invesunent in its 5ub5idiary undertakings. the Leatherhead Theatre Company Limited and the Leathethead Theatre Repertory Company Limited are not materially 1¢s5 than the amount in¢luded in the balance sheet. Debtors 2021 2020 Trnde debtors Prepaymenis and accrued income 60.578 81.9fy1 81.904 60.578 Prepaytnents include £24.(MKI12020- £48.(NXJ) which w&5 deposlted with the landlord as a condition of the lease extension in De¢cmber 2015. It will be offsd agairLSt the reni due for the final quarter of the extended term. which is due on 29 September ?025. 14
Loatherhead Revival Trust Notes to the financial statements for the year ended 31 March 2021 10 Creditors: arnounts fallln¥ due withiii DDe y¢4r 2021 2020 Trade creditors T&xation and s(Kial security Accruals and deferred income 21,598 17.333 3,709 25.307 4,346 21.679 I l Rtttrieted funds Balance at April 2020 Incoming re50urce5 Resour£es B8lance at 31 expended March 2021 Facility projecl Educaiion alld outrwh 291 836 1.545 991 836 1.551 Thc facility project was established to provide for the pur¢has¢ and development of a property which could used to fulfil the objeaives of the Trust. Thi5 fund has been used to finance work on the leasehold property. The education and outreach fund was establishcd to set up an education departm¢nt and a h0O]S and cornmunity ouireach progrdmm¢. 12 A Traly515 of 8$5¢ts betwttn funds Uttrtstricted Restricted funds Totsl funds Funds balances at 31 March 2021 Tangible fixed assets Investment N¢t assets 523 1.209 69.741 70.429 1,028 1.551 70,769 71,980 13 Other fiR&Dci81 commitmeDts At 31 Mah 2021 the charity was wmmitred to making the followtng payments under non-cancellable operating leases.. Land and buildings 2021 2020 Due within l year Due in 1-5 years Due over 5 years 104.0(Ml 390,0(MI 104,000 416,000 78.000 598.000 494.0(M) 15
Leatherhead Revival Trust Notes to the financial statements for the year ended 31 March 2021 14 Related party transaetions During the year trustees and key management personnel donated £2.990 (2020: £2,960) to the charity. No benefits {20?O.. £Nil) were received by donors in recognition of their donations. 16