| Page | |||
|---|---|---|---|
| Members ofthe Board and Professional | Advisers | ||
| Trustees' Annual Report |
2 —9 | ||
| Independent Auditor's Report to the Members |
10-12 | ||
| Statement ofFinancial Activities (incorporating | the | ||
| Income and Expenditure Account) |
13 | ||
| Consolidated Balance Sheet |
14 | ||
| Balance Sheet | 15 | ||
| Notes to the Financial Statements | 16-24 |
| Registered | office: | 209 Marine Road | 209 Marine Road | West | West | |
|---|---|---|---|---|---|---|
| Morecambe | ||||||
| Lancashire | ||||||
| LA4 4BU | ||||||
| Trustees: | Mr Paul Anderton | |||||
| Mr MJShenton | ||||||
| Professor V Toulmin | ||||||
| Mr RRyan (appointed | 1 October 2020) | |||||
| Mr SMatthews Mr M D O' Neil |
(appointed (appointed |
1 October 2020) 1 October 2020) |
||||
| Auditor: | John Potter &Harrison | |||||
| Chartered Accountants |
and | Statutory Auditor | ||||
| 112/114 Whitegate | Drive | |||||
| Blackpool | ||||||
| Lancashire | ||||||
| FY3 9XH | ||||||
| Bankers: | Santander | |||||
| 28 Penny Street | ||||||
| Lancaster | ||||||
| Lancashire | ||||||
| LA1 1UA |
| Total | Total | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |
| fund | fund | 2021 | 2020 | |
| Note | ||||
| Income: | ||||
| Donations and legacies Income from charitable activities: |
38,493 | 27,019 | 65,512 | 18,091 |
| Operation ofa theatre Income from other trading activities: |
52,550 | 443,293 | 495,843 | 26,460 |
| Commercial trading operation |
217 | 217 | 4,571 | |
| Total incoming resources |
91,260 | 470,312 | 561,572 | 49,122 |
| Expenditure: | ||||
| Costs ofraising funds: | ||||
| Commercial trading operation |
(876) | (876) | (5,242) | |
| Expenditure on charitable activities: |
||||
| Operation ofatheatre | (34,922) | (22,336) | (57,258) | (40,925) |
| Total resources expended | (35,798 | (22,336) | (58,134) | (46,167) |
| Net ingoing/(outgoing) resources before transfers |
55,462 | 447,976 | 503,438 | 2,955 |
| Transfer between funds |
||||
| Net income/(expended) resources for the period |
55,462 | 447,976 | 503,438 | 2,955 |
| Total funds brought forward |
289,297 | 289,297 | 286,342 | |
| Total funds carried forward | 344,759 | 447,976 | 792,735 | 289,297 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible assets | 10 | 656,007 | 355,388 | ||
| Current assets | |||||
| Stock on hand | 559 | ||||
| Debtors Cash at bank |
12 | 48,147 214,973 |
1,985 46,259 |
||
| Creditors: Amounts | falling due within one year | 13 | 263,120 11,085 |
48,803 114,894 |
|
| Net current assets | 252,035 | (66,091) | |||
| Total assets less current liabilities | 908,042 | 289,297 | |||
| Creditors: Amounts | falling due after one year | 14 | (115,307) | ||
| Net assets | 792,735 | 289,297 | |||
| Funds | |||||
| Morecambe Winter Gardens Limited Restricted income funds |
15 | (1,324) 447,976 |
(665) | ||
| Unrestricted income |
funds | 16 | 346,083 | 289,962 | |
| Total funds | 17 | 792735 | 289297 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible assets | 10 | 656,007 | 355,388 | |||
| Investments | 11 | 100 | 100 | |||
| 656,107 | 955,488 | |||||
| Current assets | ||||||
| Debtors | 50,241 | 4,296 | ||||
| Cash at bank | 214,103 | 45,072 | ||||
| Creditors: Amounts | falling due within one year | 264,344 (11,085) |
49,368 (114,894) |
|||
| Net current | assets | 253,259 | (65,526) | |||
| Total assets | less current liabilities | 909,366 | 289,962 | |||
| Creditors: Amounts | falling due after one year | (115,307) | ||||
| Net assets | 794,059 | 289,962 | ||||
| Funds | ||||||
| Restricted income funds | 447,976 | |||||
| Unrestricted | income | funds | 346,083 | 289,962 | ||
| Total funds | 794,059 | 289,962 |
| Donations and legacies |
||||
|---|---|---|---|---|
| Total | Total | |||
| Unrestricted | Restricted | Funds | Funds | |
| Funds | Funds | 2021 | 2020 | |
| Donations: | ||||
| Friends ofthe Winter Gardens | 35,429 | 35,429 | 13,040 | |
| Crowd funding | 27,019 | 27,019 | ||
| Other donations | 3,064 | 3,064 | 5,051 | |
| 38,493 | 27,019 | 65,512 | 18,091 |
| A summary ofits | trading results is shown | below:— | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Bar income Fund raising |
217 | 4,571 | ||
| 217 | 4,571 | |||
| Cost ofsales Bank charges |
(559) (317) |
(4,433) (809) |
||
| (876) | (5,242) | |||
| Amount gifted to |
company | (659) | (671) | |
| (659) | (671) | |||
| The assets and liabilities ofthe subsidiary | company were:- | |||
| Current assets Creditors: amounts |
falling due within one | year | 870 (2,094) |
2,386 (2,951) |
| 1,224 | (565) | |||
| Aggregate share capital and reserves |
(1,224) | (565) |
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | ||
| Funds | Funds | 2021 | 2020 | ||
| Grants: | |||||
| Theatres Trust National Heritage Historic England Business Interruption grant Coastal Communities Fund Kick Start Tourism grant Theatre ticket sales performances Rents receivable Hire oftheatre |
18,720 21,003 12,827 |
17,600 380,604 40,153 4,936 |
17,600 18,720 380,604 21,003 40,153 4,936 12,827 |
4,400 827 11,546 9,687 |
|
| 52,550 | 443,293 | 495,843 | 26,460 |
| Total | Total | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |
| Funds | Funds | 2021 | 2020 | |
| Repairs and maintenance Premises costs Insurance excess Office costs Accountancy fees Audit fees Governance review Sundry expenses Bank charges Loan interest Depreciation Legal fees |
2,846 22,159 2,364 1,400 600 974 2,868 880 831 |
4,936 8,050 |
2,846 22,159 7,300 1,400 600 8,050 974 2,868 880 831 |
4,750 17,078 5,000 1,289 1,400 600 4,400 183 30 5,022 1,173 |
| Business plan | 9,350 | 9,350 | ||
| 34,922 | 22,336 | 57,258 | 40,925 |
| This is stated after charging: | This is stated after charging: | 2021 | 2020 |
|---|---|---|---|
| Depreciation Bank loan interest Auditors' remuneration: |
880 2,868 |
1,173 5,022 |
|
| - accountancy - audit ofthe financial |
statements | 1,400 600 |
1,400 600 |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Freehold | Acquisition | Fittings dk |
|||
| Property | Costs | Equipment | Total | ||
| Cost | |||||
| At 31March 2020 Additions Disposals |
348,689 301,499 |
3,178 | 12,906 | 364,773 301,499 |
|
| At30March 2021 | 650,188 | 3,178 | 12,906 | 666,272 | |
| Depreciation | |||||
| At 31March 2020 Charge for the period |
9,385 880 |
9,385 880 |
|||
| At30March 2021 | 10,265 | 10,265 | |||
| Net book value | |||||
| At 30March 2021 | 650,188 | 3,178 | 2,641 | 656,007 | |
| Net book value ofrestricted | assets | 301,499 | 301,499 | ||
| At30March 2020 | 348,689 | 3,178 | 3,521 | 355,388 |
| 2021 | 2020 |
|---|---|
| 100 | 100 |
| 12. | Debtors | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Other debtors | 48,147 | 1,985 | ||
| 48,147 | 1,985 | |||
| 13. | Creditors: Amounts | falling due within one year | ||
| 2021 | 2020 | |||
| Other taxes and social | security costs | 110 | ||
| Loan: Charity Bank Lancaster City |
Council | 4,152 | 74,028 | |
| Santander Accruals Deferred income |
4,600 2,333 |
9,280 | ||
| Historic England Theatres Trust |
20,376 11,100 |
|||
| 11,085 | 114,894 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unsecured bank loan (falling due in less than Secured bank loan (falling due in less than 5 Secured bank loan (falling due after 5 years) |
5years) years) |
18,400 16,608 80,299 |
|||||
| 115,307 | |||||||
| 15. | Restricted income funds | ||||||
| Balance at | Incoming | Outgoing | Balance at | ||||
| 31.03.20 | resources | expended | 30.03.21 | ||||
| Theatres Trust Historic England Coastal Communities Fund Kick Start Tourism Grant Crowd Funding |
17,600 380,604 40,153 4,936 27,019 |
(17,400) (4,936) |
200 380,604 40,153 27,019 |
||||
| 470,312 | (22,336) | 447,976 | |||||
| 16. | Unrestricted income funds |
||||||
| Balance at | Incoming | Outgoing | Balance at | ||||
| 31.03.20 | resources | expended | Transfers | 30.03.21 | |||
| Fixed asset fund General funds |
281,360 8,602 |
91,043 | (7,011) | (27,911) - |
253,449 92,634 |
||
| 289,962 | 91,043 | (7,011) | (27,911) | 346,083 |
| Analysis ofnet ass | ets between funds | |||
|---|---|---|---|---|
| Net | ||||
| Tangible | Current | |||
| fixed | assets/ | |||
| assets | (liabilities) | Total | ||
| Restricted income funds: | ||||
| Theatres Trust | 200 | 200 | ||
| Historic England Coastal Communities Crowd Funding |
fund | 235,547 40,153 25,799 |
145,057 1,220 |
380,604 40,153 27,019 |
| 301,499 | 146,477 | 447,976 | ||
| Unrestricted income funds: |
||||
| Morecambe Winter Gardens Limited Designated funds General funds |
253,449 | (1,324) 92,634 |
(1,324) 253,449 92,634 |
|
| 253,449 | 91,310 | 344,759 | ||
| Total funds | 554,948 | 237,787 | 792,735 |