## ||||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| ## ##