Registered Charity Number 1103308 Registered Company Number 05069302 Englalld and Wales Leatherhead Revival Trust Report and Financial Statements 31 March 2023 Leatherhead Revlval Tn￿t Trustees. rnport The Tn]stres present their re￿1 and financial strteM￿ for the year ended 31 March 2023 which aTe also prepared to med the rwuirements fora directors, r¢FKJrt and accounts for Compani¢s Art PUTPOSes. The finan¢i21 Ststern￿ comply with the Clwities Act 2011. the Companies Act 2006, the Memorandum and Articles of AsyKEati0￿ and ACco￿t￿)g a￿1 R¢FKJrting by Charities: Ststement of Recommended Pra¢ti¢¢ applicable to Charities prepry their Wiunts in XC0rd￿ with the Fina￿1￿ Reporttng Standard 4pplithle in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Objfftiv¢s and activities undert*keD for the public IKnefit The objects of the chatity a￿. . To advan¢¢ th¢ ChTistian tsith generally. - To advance education in general- . To provide and maintsin facilities fwthe benefit of the wnmunity of LeatheTW and the surroundtng neighIN)uEho￿. . The relief of the wx)r. th¢ sick and the agul. The ¢harity has the general aim of eoDtriknW to the qvality of life ofthe pwjk of the local atta and iwond by expanding th¢tr horizons through the provision ofartistic eveDt& The strategies employed to a¢hi¢ve the Chari￿s objectives ar¢: . Making use of the theatre fa¢ilitie5 ￿ w(Kship. educational and artistsc e￿ts. . Making the theatrical r￿llItieS available for Con￿￿￿la1. ell￿til￿ and commmity use" - Using the theatre to enhance social and culturni inclusio The tn￿teeS confirni that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's genernl guidance on public benefi( including the guidance on fte charging. The theatre Telies on the ineome from fees and charges, a￿1 to cover its operating costs. In setting the level of fees, charges and Co￿10￿% the tnts give fAX)sid¢rt1￿ to the ￿¢￿￿11)i1&ty of the theatre for thos¢ The trustees have a]so referred to th¢ guidance Contain￿ in the COMM￿10n'S gen¢Tal guidance on public benefit when reviewing aitns and objrf¢ives and ID planning firtyr¢ ￿tIVIties. Aehievem¢nts and perforn#￿et Th¢ tn￿tee5 and chief executive WO￿ to ensure that the theatre is ith used and mth available for events which fillfil the tharitable objects and eDables it to in a stsbk financial environment. The we of the th¢atre facilities for worship and other Cbristiatt ¥tivilies T7we were various opErt)rt￿lticS for the theatre faeilitie5 to be used by gro￿ for occasional n)eetin85 which provide activiti&4 su¢h as worship. waytt and te&hi F&ilili¢s rnade available for educ*i( The theatre faciliii¢s aTf made available for the provision of educwion and training events, and used by Dandelion Theatre Arts which provides training in dram4 da￿e and singing. IA￿1 schools were able to make U5¢ of the theatre for their pr(￿￿tIOnS this ye4r Jnd the Shakespeare Schools Festival took place ovw two days in November. Lgatherhead Revlval Trust Trustees. rnport Acbi¢v¢ments perforn1￿ce (Continued) The Theatre L8 an artistic venue Our programrne this year attracted 33,875 {2022: 16.864) Wrons and varied from dance, ja7& musical theatre and opera to comedy and pan￿￿]Me. Filtn screeDings attrac*d 4.081 (2022. 2.763) wple and event cinema 1.522 (2022: 934) people. making theatre a vitsl and affordabl¢ FMrt of life ID LeathertJe&J and th¢ SUTrow￿1ng community, it h&8 to do so on a financialty sw5tainthl¢ basi5. FID•n¢ial review The level of uDrestric¢¢d inwme to the trust was £143J26 (2022: £126.966}. tknMtions and grants acc(trunted for £23263 (2022: £59.573) of this ts)tal. Unrestricted ex￿dit￿re was £154.952 (2022.. 153.885). Due to the accumul*¢d 1055¢5 incurred by the theatre company no donations were received ty th¢ trust from that source duriTtg the COUTse of this year. reserves of approxim*ely £50,0￿ (2022: £50.(KXl) are cOnsid¢T￿ suitable. At p￿sellt th¢ ¢haTity has UDrestrId￿ free reserves of £15,496 (2022: £26.993). Tn￿ets are working towards incre&8ing the cutteni l¢vel to align tt more closety with the ￿l1¢y. Inv¢stmeTrt policy The tnL8teffj having re￿ to the liquidity requir￿ of Operati￿ the tn* and to the Teserves ￿lley. 01￿¢ a wlicy of keeping avai]able funds ill an itllerest bearing de￿sIt account gnd seek to achieve a rate of interest which math¢s OT exceeth infiatioo to widerffotbJDllC it h&s not been wible to achieve this aim during the year. Plans lor future peTMMIs Tn￿te¢S continue to s¢¢k further ways of putttllg th¢ theatre to benefftial use for those WIK) aTe disadvantaged in soci¢ty. and to raise fimds to enhance the faciliites of the venue aDd maintsin the fabric of the Grth Il IRSt¢d buildin& ReftreDr¢ and admilli8trative det*i15 Chariry number. 1103308 Company number. 50693¢)2 R¢gi5teTrJ office.. Th¢ directors of the charitrble company (the charity) are its tnjsttts forthe pwp05es of charity law. The tnths and officers who seryed from l April 2022 to the date of this reFW unle55 otherwise stste4 w¢re as follows: RABuIl W E HAffi¢ld T Bayli5s (aNyoin*d 15 Marth 2023) Secretary: W E Haffieid Chief Executive: T C C4ff¢ll Leatherhead Revival Trust Trusteos. r•port StrUCts￿ Govtrnanee aDd M*naeement Governing a(￿uMent Leatherhead Revival Tnjsl is a company limited by guarantee governed by its Memorandum and Articles of Association dated 10 March 2004. It is regisiered &8 a charity with the Cl￿rity Commission. The trustees are the members each of whom agrees to conthTrrtrte such amoum as May be required (ll￿ exceeding £10) in the event of the chority winding up. Appoinlment of trustees As set out in the Articles of A&8ocÉation the tr￿$1¢¢5 ar¢ apwTrinted by resolution of the tr￿Stee5 P&Ss¢d by a majority of the trustees. Th¢ chairnjon of th¢ trustees is ap￿lIKed by the trustees. Th¢ truste¢5 are not subject to retirement by roNion. The t¢Trn of th¢ trustee continues until he or she retires tr 15 r¢moved in accordance with the releyant provisions of the Articles. All tru*¢es are made awdre of the in*Mion th appoint new Iruslees and are invited to nominate new tr￿￿ees. Wben considering candidates for a position as tnLStee the Board hp5 regard to the e4Krtise of the candidate, any specialist skills neede￿ and the likely ability of the WHJidate to discharge the objects of the trust. Trustee induction and ti4ining Trn%t¢es ar¢ briefed on their legal obligation5 WKkr thaTity aDd company Iaw. the Charity Commi55ion guidance on public benefii and fftfonn¢d about the content of the Memorandum and Artic1¢5 of Association, the board and decis10n.ti￿k]llg Pr￿¢55¢5 the Wet and receni fmancia] perforn]anc¢ of the charity. Trusiees are encourag¢d to m¢¢t key employees and visit the opttational I(￿10￿ in order to familiarise thems¢lv¢s wÈth op¢rations, and lo attend appropriate external training events wh¢r¢ the5¢ will f&ilitste the ￿ of their rol¢. (hgani5ation Th¢ trrf)ard of trustees, which can have an unlimited number of mem1￿. thini%ters the charity. The FM)ard nornmlly meets bi-monthly. A ¢hief executive is appointed by the trustees to manage the day-t(￿thY operations of the charity. To facili￿e effective (Jp¢￿10n% the chief eXeC￿1ve de1¢gat￿l authority. within tenns of Related parties None of the ttvstees r¢¢eive remuneration or other benefit from their work with the charity. Any ¢onnection between a trustee or s¢ttior njanager of the charity with a priKlu¢tion company. contracted athor, performer or exhibitor must be disclosed to the IM¥aTd in the same way a8 any other Contr￿ relationship with A related The majority of the ¥ttvities of the charity are c00th￿ through a wholty owned sUbsid￿ry compony. namely the Leatherhead Th¢4tr¢ Company Limited. The EAthethe•d Theatre Repertory Company Limited is Currently dorniani. To ¢nsure full c(hordillation and consis¢ency ttheen the tnw and its subsidiary companies the chief executive is managing direthor of these companies. Risk Management - An annual review of the principal risks and uncertainties the charity may face. - The establithment of systems aAI prYKedures to mitigale risks identified in the plan" - The impl¢Tn¢nlation of procedures designed to minimise and rnanage any ￿tenti￿ impact the charity should those risks materi￿￿¢. Leatherhead Revfval Trust Trustees. report Trusteu, res￿￿$1b1]1tl￿ in rela¢lon to financial sigtemettts Th¢ charity tNsÉees {who are also the dtrectors for the pur￿ of company law) ar¢ T¢S￿nSIble for prep¥ring a In￿e5, annual report and financial Suements in accordance with applicabl¢ law and United Kingdom Awounting Standards (United Kingth)m G•wally Accepted A¢eounting Practice). Company law requires th¢ dwity tntstett to prepare financial sthtern￿ts for each year which give a true and fair view of the state of affairs of the charitable compw #nd of the incoming r¢source5 and application of resources, including the income and e￿uditi￿e. for tha¢ ￿l(￿L In preparing th¢5e financial sts*rn￿ts the trustees are requirul io: - select suitable accouniing and then apply them consistently. . obs¢rv¢ the meth(yl8 and pri￿lPIeS in the Charities SORP; . rnak¢ judgements and cstilnates that are rel￿nable and - stsie whether applicable UK accounting Standa￿ have been followe4 subject w any material departur¢s disclosed and explained in the financial $￿tern￿. . prepare the fmaneixl Statements on the going concern b&8is unltss it is iDaiJww to presume that the chartty will continue in Owion. time the financial p)sition of the charity and enable th¢m ¢0 ensure that the financial staiements comply with the Companies Act 21KJ6. Th¢y are also responsible for safeguarding th¢ assets of the charity attd hence for taking r¢&sonable steps for the pr¢v¢ntion and de*ction of fraud and other inEgu]tiriti¢s. Dlgclosure of infornixtlon to iDdependent exgffjiner Fach person who wa% a trustee at the link thts re￿￿ was aNKoved ¢0nfirn￿ that . so far as sthe is aw8r¢, there is no relevattt infoE￿on. being infornjation needed by the independent examiner is unaware: and - has taken all the 5t¢ps that sthe ought to have taken &8 a trustee in order to make herthirnself awar¢ of any releydnt infonnatiOD and to &%t#blish that the ComrAll￿$ iNkp￿lldent examiner 15 &wat¢ of infornwtion. Small company provisiQnJ Thts report has been PT¢Fored in XC0rd￿ wlth the pn)vision5 in Part 15 of the Cmipanies Act 2(MI6 applicable to Companies subject to the Sn￿11 companies regime, and the recommendations of the Statement of R¢¢ommended Practice- Accounting and ReEM)rting by Charities prewing their accounts in Accordance with the Financial Retrf)rting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) ¢ffe¢tive l January 2019. This report was approved by th¢ tsistees ￿ 16 June 2023 and on their behalf by RABull TnLStee The Theatre. 7 Church Street ttatherh¢a& Sury KTr2 8DN Independent examinerfs report to the trustees of Leatherhead Revival Trust (Registsrod number: 05069302) Independent examltter's rewtrrt to tkne try$lees of IKatheThead Revival Trust {'the Company,) I report to the charity ttUStees on my examinalion of th¢ a￿o￿nts of the CoJDpaDy for the year ended 31 March 2023. Responsibilities and basis of report As the charity's tntsiees of th¢ co1nF￿Y (atKI also its directm for the pws¢s of compfiny law) you are trsponsible for the preparation of the accounts ID xcordantr with th¢ requRrements of the Companies Act 2006 Ohe 2006 Act). Having ￿l$fied myself th* the accounts of the ComtAny are required to be audited under Part 16 of the 2006 Ad and are eligible for indyodent examinaiiorn I report irt of my examin*ion of your cl)arity's accounts as led out under sethion 145 of the Chariti¢s Act 2011 Cthe 2011 Acf). In carrying out my examination I have followed the Directions given by the Charity CotEllnission under sedion 145(5) (b) of the 2011 Act. cotte1usio￿ r¢lati￿g to goiTrg concern Th¢ accompanying financial statrments lov¢ been preparuj &8SUmi￿ that the cljariry will ¢ontinue a5 a going oncern. As disclosed in Notr 2.2. it 15 recognised by the Trustees that the fumre financial perforniance of the ¢hority will inevitsbly continue to be impacted by th¢ novel coronavin]s (COVllk19) and also by the SI￿lficant increase in otfftting costs caused by a high level of inflation and other factors. The Tn￿{eeS have currently assessed that the charity should b¢ so affected by these matters that it should not be regarded as a going concern and therefore the financial ststements include no adjusmieni in this resped. However, we drdw attention to this on the basis that signifieant uncertainty remains &s to the eventua] ex*nt of the disruption that will be ￿used by these fa¢tors and therefore also the impau oll the elllrity. Indep¢Trd¢n¢ examine￿$ statement I have complded my examination. I ccth thot w tnatt¢r5 have come to my attention in connection with th¢ examination that give me to Eelieve". . accouMing r¢¢ords were Dot kept in respect of the Company as required by se¢tion 386 of the 21YJ6 Act; OT 2. the accounts do Th)t 8¢¢OTd with those records: 3. the accounts do not comply with the accounting requirem￿￿ of 5ectiQD 396 of the 2￿6 Act other than any requir¢rn¢nt that the accounts giv¢ atru¢ and fair view which is not a malter considered as part ofav independent examination. or 4. the accounts have not IKen prepared in a¢corthce with the mdlKxts and winciples of the Statrm¢nt of Recommended Practice for a¢countÉng and reporting by charities applicable to charities preparing th¢ir accounts in acconlanc¢ with the Financial Stsndard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come acrots no i)ther matters in conne¢tion with the examination to which attention should ￿ drnwn in this report in order to eDabl¢ a prow understanding of th¢ a(￿Unts to be reacheAI. H M Day Bsc (Hons) FCA tKhA Tudor John Limi¢¢d Nightingale House 4648 E￿t Stre EpsonL Surrey KT17 IHQ Leatherhead Revlval Trust Statement of financial activities (Including Income and expend1￿18 account) for the year ended 31 March 2023 Unrestrirted Restricted funds funds 2023 Totsl 2022 Total Ineome: Iknnations and grartts 23263 23.543 60,104 Charitsble artÈvitt¢s: Offtion of theatre 111.504 111,504 51,920 8.543 8.543 15,470 Inv¢stm¢Dts 16 16 Total income 143J26 280 143,606 127.497 Expenditsre on: Raising fuN]s: LettiDgs 3J91 3J91 9.236 Charitabl¢ activtlie5: OFerdtion of theatre Ministry activities 151,561 98 151.659 144,780 Total expendltll 154.952 98 155,050 154,016 (expenditure) #ttd net movemeDt in funds for tbe year (11.626) (11.444) (26,519) ReeoDeillallon of T￿nds. Totsl fi]ZKls brought fonvard Total funds earrled forw*rd 43.510 31,884 1,951 2.133 45,461 34,017 71,980 45.461 12 The charitsble compan￿5 incoming resourcts and res(Mtwts expended au relate to ¢ontinuing O￿lOnS. The ¢haritable company tL8 no re¢0￿18 1,5( 8,416 8,250 1,500 2JlO 4,428 1,5(K) 2,310 S.￿28 9.113 17,351 18,174 Trnding Athtty of subsidiaries The clwitable company h&s two wholty owned subsidiaTi¢S. The IEathaW Theatre COm￿nY Limite4 company registration number 4451758. and The Theatr¢ Repertory Company Limite ompany registration nwnber 7677853 which is curr¢ntly dorn)allL Th¢ results for the year to 31 Matth 2023 have not been included within the charity's ffflaT]cial statements. A Surnm￿ of the trading results És sho￿1 below. 2023 2022 Turnover CO￿ of sales 631.677 (362.062) 269,615 (213.466) {60215) 7J16 3250 181 (525) 380.910 (250,483) 130.427 (104.811) (50.784) 6.753 (18.415) 38 Gross profit Premises costs Athninistraiiye expe Other opernting income Operating (loss} / profit before intere Interest receivable Interest payable (Loss) I profit before taxatton Taxation (18,377) (Loss) I profit after taxation Gift Aid donation to parent C￿rity Retained profil 18.377 6,765 3,859 Leatherhead Revival Trust Notes to the financial statements for the year ended 31 March 2023 Total resourtts expended Stsff Ikpreelath# OthtT Totsl Tot41 2022 Lettings Charitable activiti¢s 2JlO 962 4.428 7.7(M> 1.081 144.542 1.5 147.123 3,391 145,731 5,928 IS5.050 9236 138,536 6244 154,016 227 227 Governance- Other costs cornprtse Inde￿dent examination fees of £1￿￿ (2022.. £1.5￿). Staff costs 2022 Salarie5 Social security Costs 7,700 8250 7.700 8250 The salaries paid were all to key manag￿t perSODnel. The average Dumber of persons employed by the Tnjst during the year was as follows: 2013 Number 2022 Number No employee rxeived Temuneration in ex¢¢ss of £60.(MKJ (2022.. None) for the year. No Temunerntion (2022: £ Nil) was paid to any of th¢ trustees during the year. IAring the year no expe￿￿eS (2022: £ Nil) were reimbursed to any ITU5tee. Otber rosts 2023 2022 140.181 138.473 Activities and events MAs¢¢llane0￿S 6,942 147.123 6,991 145,464 12 Leatherhead Revival Trust Notes to the financial slatements for the year ended 31 Ma￿h 2023 Tangible Ilxed ￿Sets IAs¢hold Equipment property Improvemettts Total Cost At l Aprhl 2￿22 Additions Disposals At 31 Mar¢h 2023 455.468 525.458 (8,589) 61,401 (8.589} 516.869 455.468 Depyeciation Ai l April 2022 455,468 69.083 (8,524) 227 524,551 (8,524) 227 Charge for the year At 31 March 2023 455,468 60.786 516.254 Net book values At 31 March 2023 615 615 At 31 Mwch 2022 907 907 Fixed gsset lttvestm¢ots C05t of cbartty sharn8 im subsidlari 2023 2022 At 31 March In the opinion of the trust￿ the value of the Charit￿$ investsnem in its subsidiary undertttkin￿, the Leatherhead Theatrc Company Limited and the IAtherhead Th¢atre Repertory Comphny Limited are not rnaterially less than the amount inchhled in the bala￿t slKeL Debtors 2023 2022 TTade debtors 51.498 51.498 51.521 Prepaymerts include £16,￿￿ (2022: £16.(MK)) which wa8 deposited with the landlord &8 a condition of the lease c￿ension in December 2015. li will be offset against the rent due for the final quarter of the exten￿ tern4 which As due ott 29 Septembtt 2025. 13 Leatherhead Revival Trust Notes to the financial statements for the year ended 31 March 2023 10 Credltors: falllng du¢ Tlithltt one y¢•r 2022 Trade ¢r¢ditors T￿atIOn and social security A¢¢n￿lS and def¢Tr¢d income 23,771 488 2,130 26,389 19.400 2207 21.607 11 Reytrleted funds Balance at IDCOrniDg l April 2022 resourc¢5 Resources Balanee ¥4t 31 ¢xpended MAreh 2023 Facility project Edu¢ation and outreach 1.945 98 1127 .951 280 98 2.133 The facility PToject was estsblished to provide for the and developmeni of a property whi¢h could be used io fulfil the objectives of the T￿￿ This fund has be¢n used to work on the lewhold property. The education and outreath fimd was establisl*d to set up an departsnent aTKI a sthools and Community outreach Progrd￿. 12 Analysis of between Unrtrtrieted R&striCt￿l nds funds Total runds Funds balances at 31 Marth 2023 Tangible fixed assets Inveslment Net a55ets 229 615 31.496 31,884 33,400 34,017 2,133 13 Otber financial eomrnitiD¢nts At 31 March 2023 the charity eonllnilled to making the following payments utth non-cancellable operating1¢&8¢S.' and buildiTrgs 2022 2023 Due within l year Due in 1-5 years Due over 5 yeaT5 104.(KN) 182.( 104.000 286,000 286.IMJO 390.000 14 Leatherhead Revival Trust Notss to the financial ststements for the year ended 31 March 2023 14 Related party Iransaetlojbs During the year tTUStees and key management personnel donated £l1.080 (2022.. £10205) to the charity. No benefits (2022.. £Nil) were received by donors in recognition of their donations. The Trust received £1 11.504 (2022.. £51,920) from its subsidiary wmpany Thc L¢atherhead Theatre Company Limiied in respect of ren¢ and s¢rvice charges during the y¢ar. There w¢r¢ no amounts outstanding at the period end (2022: £Nil). 15