##
##
##
||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees||and Advisem||
|Trustees'
Report|||||2-8|
|Trustees'
Responsibilities
Statement||||||
|Independent
Auditors'|Report|on the Financial|Statements|||
|Statement ofFinancial|Activities||||14|
|Balance Sheet||||||
|Statement of Cash Flows|||||16|
|Notes to the FInanclal|Statements||||17 - 34|
|Trustees||Mehmet Ergen (Chair,|resigned as Chair 11November 2021)|resigned as Chair 11November 2021)|resigned as Chair 11November 2021)|
|---|---|---|---|---|---|
|||Abdullah
Tarcsnli,||||
|||Gsbnel Gbadamosi||||
|||Lynne McKenzie||||
|||Jack Shepherd
(resigned 15lylay 2022)||||
|||Ben Todd (appointed|as Trustee and Chair 11 November||2021, resigned as Chair|
|||15 May 2022)||||
|||Andrew
Cripps (appointed
as Trustee and Chair||15May 2022)||
|||Naz Yeni (appointed as Trustee 15May 2022)||||
|Company
number|registered|05242988||||
|Charity registered||||||
|number||1108613||||
|Registered|office|24 Ashwin Drest||||
|||London||||
|||EB3DL||||
|Company|secretary|Leyla Nezli (reiigned|15Msy 2022)|||
|Chair ofTrustees||Mehmet
Ergen (resigned ss Chair 11November||2021)||
|||Ben Todd (appointed|Chair 11November 2021)|||
|Independentauditors||MHA Madntyre
Hudson||||
|||Ch snared
Accountants||||
|||2 Londan Wall Place||||
|||Landon||||
|||EC2Y 5AU||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Tofnf|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021
f|2021|2021
E|2020|
|Income from:|||||||
|Donations
and grants|||516,119|672,690|1.355,606|550,715|
|Charitable
act nnTies|||18,279||16,279|1,113,211|
|Other income|||790||750|00,528|
|Total income|||535,148|672,690|1,407,838|1,754,455|
|Expenditure
on:|||||||
|Charrlable
activities||7,8|87,945|889,163|977,108|2,037,742|
|Total expenditure||||889,163|977,106|2.037,742|
|Net movement
In funds|||447,203|I16,473)|430,730|(283,287)|
|Reconciliation
offunds:|||||||
|Total funds
brought|forward||20,786|2,092,793|2.113,581|2,308,868|
|Net movement
in funds|||447,203|l16,473)|430,730|f283,287)|
|Total funds carded|forward||467,991|2,076,320|2,844,311|2,I13,581|
|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||6||6|
|Fixed assets|||||||
|Tangible assets||12||2,107,994||2,240,454|
|||||2,107,994||2,240,454|
|Current assets|||||||
|Debtors||13|406,966||3B1,990||
|Cash at bank and in hand|||295,493||48,584||
||||702,459||430,574||
|Creditors
amounts|falling due vnthin one||||||
|year||14|(224,048)||(475,362)||
|Net current assets I liabilites||||478,411||(44,788)|
|Total assets less current liabilities||||2,586,405||2,195,666|
|Creditors: amounts
than one year|falling due after more|15||(42,084)||(82,085)|
|Total net assets||||2,544,311||2 113,581|
|Charity funds|||||||
|Restncted funds||16||2,076,320||2,092, 793|
|UnrestrNed
funds||16||467,991||20,7ee|
|Total funds||||2,544,311||2,113,581|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|6||
|Cash flows from operating|activities||||||
|Net cash used
in operating|actwities|||19|294JKO|42,722|
|Cash flows from investing|activities||||||
|Purchase oftangible fixed assets||||12|(1,606)|(9,439)|
|Net cash used in investing|activities||||(1,908)|(8,439)|
|Cash flows from financing|activities||||||
|Repayments
of borrowing||||15,14|(46,346)|fff,288)|
|Net cash used in financing|activities||||(46,348)|(11,288)|
|Change
in cash and cash|equivalents
in|the year|||248.909|22,996|
|Cash and cash equivalents|at the beginning|ofthe year||19|48,594|25,589|
|Cash and cash equivalents|at the end of|the year||19|298,493|49594|
|The notes on pages 17to 34form part ofthese finsnwai|||statements||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
|||||E||
||DonstIons||62,548|38,535|101,386|
||Grants||453,571|833,852|1,287,423|
||Total 2021||516,119|872,690|1,388,809|
||||Unrestricted|Res tn cled|Total|
||||funds|funds|funds|
||||2020f|2020|2020f|
||Donebons||132,486|2000|134.486|
||Grants||301,739|114,491|416,230|
||Total 2020||434,225|116,491|550,716|
|5.|Income from charitable|activities||||
||||Unrestncted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021f|2021f|
|Professional||Theatre|335||
|Talent|Development||2,280||
|Environmental||Susteinstritay|||
|Venue|Operation||15,664|18,664|
|Total|2021||18,279|18,279|
##
##
##
|||Vents fueled|rond|
|---|---|---|---|
|||funds|funds|
|||2020f|2020|
|Professional|Theatre|994,382|99s,382|
|Talent Development||65,026|55.026|
|Environmental|Susteinability|3,091|3,091|
|Venue Operation||60.712|60.712|
|Total 2020||1 113,211|1.113,211|
##
|||||Unrastdcted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021f|2021|
|Theatre|tax|credit|claim|750|780|
|||||Unres tn'c ted|Tofef|
|||||funds|funds|
|||||2020|2020|
|||||6||
|Theatre|tax|credit|claim|90.528||
##
##
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|Professional|Theatre|76,545|729,096|806,641|
|Talent Development||9,706|18,259|28,966|
|Environmental|Sustainebilrty|(1,847l|2,678|1,031|
|Venue Operation||3,34f|138,13I0|141~71|
|Total 2021||87,945|869,183|977,108|
|||ifnfastnc ted|Rostnctsd|Total|
|||futtda|funds|funds|
|||2020f|2020f|2020f|
|Professional|Theatre|1,709,649|165,437|1,875,086|
|Talent Development||57,075|65,488|122,563|
|Environmental|Sustainabilrty|5,045||5.045|
|Venue Operation||24,684|10,364|35.048|
|Total 2020||1,796,453|241,289|2,037, 742|
##
##
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costa|funds|
|||2021|2021|2021|
||||f.|8|
|Professional|Theatre|601,638|204,003|808,841|
|Talent Development||16,092|12,873|28,888|
|Environmental|Sustainabilrty|1,031||1,031|
|Venue Operation||24,107|117,364|141,471|
|Total 2021||642,868|334,240|877,108|
||||Actrvrtias|||
|---|---|---|---|---|---|
||||underf
a)ran|Supporf|Total|
||||directty|costs|funds|
||||2020|2020|2020|
||||9|8||
|Profess|ionel|Theatre|f,312,743|562,343|1,875,086|
|Talent|Development||106.724|15.839|122,563|
|Environmental||Sustainability|5,045||5.045|
|Venue|Operation||13,930|21,118|35,048|
|Total 2|020||1,438,442|599,300|2,037, 742|
##
|||||||Total|Toter|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2021|2020|
||Depreciation|||||134,066|134,728|
||Front of House|||||7,724|79,336|
||Comms and|marketing||||119|f09,563|
||Technical services|||||3,641|63,4f9|
||Governance|costs||||8,000|8,000|
||Utilities|||||11,613|21,060|
||Insurance|||||6,734|5,253|
||Tel ace
mme|||||3,096|5,560|
||Professional|fees||||17.362|8,817|
||Bank interest|||||3,669|4,508|
||Memberships|||||3,640|4,485|
||Office and admin|||||21,179|26,071|
||Travel and subsistence|||||843|4056|
||Rent and rates|||||22,636|49,441|
||Bad debt||||||75,000|
||Buikling cos'Is|||||90,699||
|9.|Governance|costs - Auditors'||remuneration||||
|||||||2021|2020|
|||||||2||
||Fees payable|to the Chanty's|auditor for the audit ofthe Chanty's||annual|||
||accouitis|||||8,000||
##
##
||2021||
|---|---|---|
||E||
|Wages and science|529rtt33|603,283|
|Social secunty costs|33,118|3S505|
|Pension costs|14.644|fS,798|
|||2021|2020|
|---|---|---|---|
|||No.|lVo|
|Full bme|staff|13|f4|
|Equivalent|full time staff from casual worker pool|7|9|
||||22|
##
##
##
||Long4erm||||
|---|---|---|---|---|
||leasehold|Plant and|Computer||
||Pre Petty
6|machinery
6|equipment
6|Total|
|Cost orvaluation|||||
|At 1 April 2020|3,389,541|105,805|10,508|3,505,854|
|Arklitions|||1,606|1,5D6|
|At 31 March 2021|3,389,541|1DSAIDS|12,114|3,507,46D|
|Depreciation|||||
|At 1 April 2020|1.157,599||9,167|1,265,400|
|Charge for the year|13D,529|3.0D1|536|134,066|
|At 31 March 2021|1.26B,128|1D1,636|9,703|1,399,466|
|Net book value|||||
|At 31 March 2021|2,101,413|4,170|2,411|2,107,994|
|At 31lrtemh 2020|2,231,942|7,171|1,341|2,240,454|
##
|||2021|2020|
|---|---|---|---|
|||6||
|Trade debtors||14,861|43,051|
|Other debtors||387,605|327,004|
|Prepayments|and accrued income||11,935|
|||406,968|381.990|
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E||
|Bank loans|||||7,906|14,280|
|Trade creditors|||||39,263|144,848|
|Other taxation|and|social security|||95,741|95,780|
|Other creditors|||||69,136|125887|
|Accruals and deferred|||income||12,000|94.787|
||||||224,046|475,352|
||||||2D21||
|Deferred income at 1 Apnl 2020|||||94,767|48,155|
|Resources deferrerl||during the year|||12,000|94,787|
|Amounts
released||from previous||periods|(94.767)|f48,185)|
||||||12,000|94,787|
##
|Cnati|tom: Amounts
falling due after more tha|n one year||
|---|---|---|---|
|||2021
6|2020f|
|Bank|loans||82,055|
##
##
##
||||Balance at 1|||Transfers|Balance at
31 March|
|---|---|---|---|---|---|---|---|
||||April 2020
6|Inoome|Expenditure|inlout
6|2021
6|
|Unrestrirted
funds||||||||
|Designated
funds||||||||
|Areola Theatre|Ltd|||||123,594|123,594|
|General funds||||||||
|General
Fund|||20,788|535,148|(87,946)|(123,694)|344,397|
|Total Unrestricted||funds|20,789|535,146|(87,945)||467,991|
|Restricted funde||||||||
|Capital fund|||2,D71,501||(121,853)||1,949,648|
|Participation|||5.042||||5,042|
|Artistic Programming|||14,250|17,DDD|(15,706)||15545|
|Joseph Rowntree||Charitable||||||
|Trust||||10,766|(9,176)||1,590|
|Green Areola|||2, DDD|13,275|(2,534)||12,741|
|Covid-19 Funds||||721,998|(721,998)|||
|Facilities||||109,651|(17,897)||91,754|
||||2,092,793|872,690|(889,163)||2,076,320|
|Total offunds|||2,113,581|1.407,838|(977,108)||2.544,311|
##
|Statement|offunds|offunds|—prior|year|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||||||Balarrce al|||31 tufa ref|
||||||1Apnl 2019f|Income
f|Expenditure
f|2020
f|
|Unrestricted||funds|||||||
|General
Fund|||||179,277|1,637,954|(1,796,4531|20,788|
|Restricted|funds||||||||
|Capital fund|||||2.f93354||(121,853)|2.071,501|
|Participation|||||7.237|64,722|(66,917)|5,042|
|Artistic Prog|ramming||||17,000|49,759|(52519J|14,2S0|
|Joseph Rowntree Chantabta||||Trust||2,000||2,000|
||||||2217591|116,49'I|(241,289)|2,092793|
|Total offunds|||||2396,868|1,754,4S5|(2,037,742)|2,113581|
##
|||||||||||||Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||funds|funds|funds|
||||||||||||||2021|2021|2021|
||||||||||||||6||6|
||Tangible|fixed|assets||||||||||158,344|1,949,650|2,107,994|
||Current assets||||||||||||562,177|140,282|702,469|
||Creditors|due|within|one year|||||||||(252,530)|(13,612)|(266,142)|
||Total||||||||||||467,991|2,076,320|2,644,311|
||Analysis|ofnet assets between||||||funds|- prior year|||||||
|||||||||||||Vrvsistnc ted||Restncted|Total|
||||||||||||||funds|funds|funds|
||||||||||||||2020|2020|2020|
||||||||||||||6|T.|2|
||Tangible|fixed|assets||||||||||168.953|2.071.501|2,240 454|
||Current assets||||||||||||409.282|21.292|430,574|
||Creditors|due|within one year||||||||||(475,362)||(475,362)|
||Crsddors|due|in more||than one||year||||||(82,085)||(82,085)|
||Total||||||||||||20,788|2,092,793|2,113,581|
|16.|Reconcgiation||ofnet|||movement||In funds to||net|cash flow|from operating||activities||
|||||||||||||||2021|2020|
||||||||||||||||2|
||Net
income/expenditure|||||for|the|year|(es|per|Statement|of|Financial|||
||Acbvitias)|||||||||||||430,730|(283,287)|
||Adjustments||for:|||||||||||||
||Depreciabon
charges|||||||||||||134,066|134,728|
||(Increase))decrease|||in||debtors||||||||(24,976)|54,983|
||(Dscreasellincrease||||in|creditors||||||||(244,960)|136.298|
||Net cash|provided
by||||operating||activities||||||294,660|42 722|
##
##
||Cash in hend||2021
295,493|2020f
48,584|
|---|---|---|---|---|
||Total cash and cash|equivalents|295,493|48,584|
|20.|Analysis ofchanges|in net debt|||
|||||At 1 April||At 31 March|
|---|---|---|---|---|---|---|
|||||2020|Cash flows|2021|
|Cash|at bank and||in hand||246,909|295,493|
|Debt|due within|1|year|(14,260)|6,354|(7,906)|
|l3ebt|due after|1 year||(82,085)|39,991|(42,094)|
|||||(47,761)|293,254|245,493|
##
##
##