2021-03-31-accounts

				Page
Reference and Administrative		Details ofthe Company,	its Trustees and Advisers
Trustees' Report				2-10
Independent	Auditors' Report	on the Financial Statements		11-14
Consolidated	Statement of Financial Activities			15
Consolidated	Balance Sheet			16
Company Balance Sheet				17
Consolidated	Statement ofCash Flows			18
Notes tothe	Financial Statements			19-44

Trustees			K Donald
			L Earle
			R Goldsmith
			M Jordan	(resigned		23		March 2021)
			SLoates
			M O' Sullivan		(resigned			15December 2020)
			C Sexton
			N Simone	(resigned		6 October 2020)
			G Singleton
			H N StCyr
			8 N Udeh
			A Venkatesh
			BM Walsh
			J Williams
			RJWood	(resigned		6 October 2020)
			K Mclay (appointed			6	October 2020)
			JWest (appointed 6October 2020, resigned 7 September 2021)
			TProsser	(appointed			7	September	2021)
Company	registered
number			05465412
Charity registered
number			1115546
Registered		office	Quad Market		Place
			Cathedral	Quarter
			Derby
			DE1 3AS
Company	secretary		M R Abbotts
Chief executive officer			V Malhotra
Independent		auditors	PKF Smith	Cooper Audit Limited
			Chartered	Accountants			8 Statutory		Auditors
			St Helen's	House
			King Street
			Cathedral	Quarter
			Derby
			DE1 3EE
Bankers			Barclays Bank		UK PLC
			Leicester
			LE872BB

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2D21	2020
			Note		6	6	6
Income from:
Donations and legacies			2	25,500		25,500	8,590
Charitable activities			3	1,823,266	235,264	2,D58,530	1,722,279
Other trading activities				154,325		154,325	1,070,623
Other income (inc.	exceptional	item of
FNIL (2020:F200,000))				276		276	210,664
Total income				2,003,367	235,264	2,238,631	3,012,156
Expenditure on:
Raising funds				321,062		321,062	895,143
Charitable activities			7	1,351,829	265,285	1,617,114	2,050,223
Total expenditure				1,672,891	265,285	1,938,176	2,945,366
Net income/(expenditure)				330,476	(30,021)	300,455	66,790
Transfers between	funds		19	(29,208)	29,208
Net movement in	funds			301,268	(813)	300,455	66,790
Reconciliation offunds:
Total funds brought	forward			110,579	17,901	128,480	61,690
Net movement in funds				301,268	(813)	300,455	66,790
Total funds carried forward				411,847	17,088	428,935	128,480

				2021		2020
		Note		F		6
Fixed assets
Intangible assets		13		14,187		19,259
Tangible assets		14		108,636		120,867
				122,823		140,126
Current assets
Stocks			7,554		6,239
Debtors: amounts	falling due after more than
one year		17	149,866		156,982
Debtors: amounts	falling due within one year	17	241,981		221,966
Cash at bank and	in hand		542,547		156,053
			941,948		543,242
Creditors: amounts	falling due within one
year		16	(635,836)		(554,888)
Net current assets Iliabilities				306,112		(11,646)
Total net assets				428,935		128,480
Charity funds
Restricted funds		19		17,088		17,901
Unrestricted funds		19		411,847		110,579
Total funds				428,935		128,480

					2021		2020
			Note		6		6
Fixed assets
Intangible assets			13		14,187		19,259
Tangible assets			14		103,009		116,121
Investments			15		1		1
					117,197		135,381
Current assets
Debtors: amounts	falling due after more than
one year			17	149,866		156,982
Debtors: amounts	falling due within	one year	17	236,704		194,576
Cash at bank and	in hand			512,775		147,650
				899,345		499,208
Creditors: amounts	falling due within	one
year			18	(563,561)		(509,716)
Net current assets Iliabilities					335,784		(10,508)
Total net assets					452,981		124,873
Charity funds
Restricted funds			19		17,287		17,901
Unrestricted funds			19		435,694		106,972
Total funds					452,981		124,873

FOR THE YEAR ENDED 3	1 MARCH 2	021
				2021	2020
				6	5
Cash flows from operating	activities
Net cash used in operating	activities			395,244	(96,010)
Cash flows from investing	activities
Proceeds from the sale oftangible fixed		assets		1,042
Purchase ofintangible assets					(5,110)
Purchase oftangible fixed assets				(9,792)	(14,736)
Net cash used in investing	activities			(8,750)	(19,846)
Cash flows from financing	activities
Net cash provided by financing activities
Change in cash and cash	equivalents	in	the year	386,494	(115,856)
Cash and cash equivalents	at the beginning		ofthe year	156,053	271,909
Cash and cash equivalents	at the end of		the year	542,547	156,053
The notes on pages 19to 44 form part ofthese financial statements

	Unrestricted	Total
	funds	funds
	2021 8	2021f
Donations	25,500	25,500
	Unrestricted	Total
	funds	funds
	2020 8	2020f
Donations	8,590	8,590

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021 6	2021f	2021 6
Derby City Council			100,000		100,000
Derby City Council		(rent in kind)	260,000		260,000
Project grants			60,000	128,880	188,880
Arts Council England			466,176		466,176
Cornavirus Job Retention Scheme			451,053		451,053
.COVID response	funding		432,572		432,572
Other charitable	activities (Note 4)		53,465	106,384	159,849
Total 2021			1,823,266	235,264	2,058,530
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
			6	5	5
Derby City Council			75,000		75,000
Derby City Council		(rent in kind)	260,000		260,000
Project grants			60,700	138,972	199,672
Arts Council England			457,753		457,753
COVID response		funding	19,595		19,595
Other charitable	activities (Note 4)		619,440	90,819	710,259
Total2020			1,492,488	229,791	1,722,279

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021 6	2021f	2021 6
Cinema takings		20,078		20,078
Other fees	and commissions	20,578	106,384	126,962
Advertising	income	508		508
Sponsorship		700		700
Membership		10,218		10,218
Workshop/training		1,383		1,383
		53,465	106,384	159,849
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020f	2020f	2020f
Cinema takings		357,982		357,982
Other fees	and commissions	191,127	90,819	281,946
Advertising	income	27,210		27,210
Membership		39,683		39,683
Workshop/training		3,438		3,438
Total 2020		619,440	90,819	710,259

			Unrestricted	Total
			funds	funds
			2021	2021
			6	6
Cafe bar income			44,688	44,688
Room hire			2,266	2,266
Tech Squad and	Games Time		91,682	91,682
Sponsorship			13,542	13,542
Workshop/training			(600)	(600)
Shop income			2,747	2,747
			154,325	154,325
Marketing costs			(276)	(276)
Premises costs			(943)	(943)
Other trading costs			(90,750)	(90,750)
Professional fees and board		expenses	(48)	(48)
Wages. national	insurance	and pension	(226,917)	(226,917)
Depreciation			(1,985)	(1,985)
Interest payable			(143)	(143)
			(321,062)	(321,062)
			(166,737)	(166,737)

THE YEAR	ENDE	D	3	1 MARCH 2021
						Unrestricted	Total
						funds	funds
						2020 6	2020f
Charity trading		income
Cafe bar income						519,319	519,319
Advertising	income					1,882	1,882
Room and	cinema		hire			48,442	48,442
Tech squad	and	Games Time				111,516	111,516
Sponsorship						8,077	8,077
Fundraising	events					341,247	341,247
Sundry income						5,000	5,000
WorkshopfTraining						4,917	4,917
Shop income						44,236	44,236
						1,084,636	1,084,636
Charity trading expenses
Marketing costs						(468)	(468)
Premises costs						(6,416)	(6,416)
Other trading costs						(570,916)	(570,916)
Professional	fees and			board expenses		(3,071)	(3,071)
Wages and	salaries,			Nl and pension		(312,138)	(312,138)
Depreciation						(2,134)	(2,134)
						(895,143)	(895,143)
						189,493	189,493
						2021	2020
							6
The assets	and liabilities ofthe subsidiary				were:
Assets						84,828	116,136
Liabilities						(108,877)	(112,530)
Total net assets						(24,049)	3,606

		Unrestricted	Total
		funds	funds
		2021f	2021f
Other	income	276	278
		Unrestricted	Total
		funds	funds
		2020	2020
		F	6
Other	income	210,664	210,664

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
		6	6
Charitable	activities	1,351,829	265,285	1,617,114
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020f	2020 f	2020 6
Charitable	activities	1,807,339	242,884	2,050,223

Charita	ble activity expenditure
		2021f	2020 6
Other direct costs		124,143	84,698
Arts programme tt activity		262,594	600,423
Brochures and materials		720	725
Support	costs (Note 9)	1,013,907	1,148,393
Governance costs (Note 9)		42,246	47,849
Wages	and salaries	135,241	146,492
National	insurance	30,844	16,348
Pension	cost	4,364	5,295
Interest	payable	3,055
		1,617,114	2,050,223

		General	Governance	Total
		support	function	funds
		2021	2021	2021
		6	6
Office costs		(698)	(29)	(727)
Premises costs and insurance		420,576	17,524	438,100
Professional	fees and board expenses	12,461	519	12,980
Wages and	salaries	533,088	22,212	555,300
National insurance		7,524	314	7,838
Pension		17,977	749	18,726
Depreciation	and amortisation	22,979	957	23,936
Total 2021		1,013,907	42,246	1,056,153

FOR	THE YEAR E	NDED 31 MARCH	202	1
					General	Governance	Total
					support	function	funds
					2020 5	2020 6	2020f
	Office costs				25,678	1,070	26,748
	Premises costs and insurance				510,869	21,287	532,156
	Professional	fees and board expenses			25,111	1,046	26,157
	Wages and salaries				517,956	21,581	539,537
	National insurance				25,328	1,055	26,383
	Pension				18,722	780	19,502
	Depreciation	and amortisation			24,729	1,030	25,759
	Total 2020				1,148,393	47,849	1,196,242
10.	Auditors' remuneration
						2021	2020
	Fees payable	to the Company's	auditor for the audit ofthe Company's
	annual accounts					7,500	7,500
11.	Staff costs
				Group	Group	Company	Company
				2021f	2020 F	2021 6	2020 6
	Wages and	salaries		907,005	980,748	690,541	686,029
	Social security costs			45,217	54,655	38,682	42,731
	Contribution	to defined contribution		pension
	schemes			27,008	30,292	23,090	24,797
				979,230	1,065,695	752,313	753,557

			Group	Group	Company	Company
			2021	2020	2021	2020
			No.	No.	No.	No.
Charitable	activities		76	74	53	50
Management		and administration	7	7	7	7
			83	81	60	57

NOT FOR	ES TO THE FINANCIAL STATEMENTS THE YEAR ENDED 31 MARCH 2021
13.	Intangible assets
	Group
		Website
		6
	Cost
	At 1 April 2020	25,360
	At 31 March 2021	25,360
	Amortisation
	At 1 April 2020	6,101
	Charge for the year	5,072
	At 31 March 2021	11,173
	Net book value
	At 31 March 2021	14,187
	At 31 March 2020	19,259

Intangible assets (continued)
Company
	Website
	5
Cost
At 1 April 2020	25,360
At 31 March 2021	25,360
Amortisation
At 1 April 2020	6,101
Charge for the year	5,072
At 31 March 2021	11,173
Net book value
At 31 March 2021	14,187
At 31 March 2020	19,259

	Long term	Cinema		Fixtures
	leasehold	and other	Motor	and	Office
	property 6	equipment f	vehicles F	fittings F	equipment 6	Total 6
Cost
At 1 April 2020	266,434	391,525	20,013	195,921	366,729	1,240,622
Additions		4,121	-	-	5,671	9,792
Disposals		(350)	(20,013)			(20,363)
At 31March 2021	266,434	395,296	-	195,921	372,400	1,230,051
Depreciation
At 1 April 2020	194,979	356,009	20,013	192,986	355,768	1,119,755
Charge for the year	3107	11,424	-	657	6,485	21,673
On disposals			(20,013)			(20,013)
At 31 March 2021	198,086	367,433		193,643	362,253	1,121,415
Net book value
At 31 March 2021	68,348	27,863	-	2,278	10,147	108,636
At 31 March 2020	71,455	35,516	-	2,935	10,961	120,867

	Long
	term	Cinema		Fixtures
	leasehold	and other	Motor	and	Office
	property	equipment f	vehicles 6	fittings	equipment	Total
Cost
At 1 April 2020	266,434	369,317	20,013	180,265	366,729	1,202,758
Additions		1,206			5,671	6,877
Disposals		(350)	(20,013)			(20,363)
At 31 March 2021	266,434	370,173	-	180,265	372,400	1,189,272
Depreciation
At 1 April 2020	194,979	338,547	20,013	177,330	355,768	1,086,637
Charge for the year	3,107	9,390	-	657	6,485	19,639
On disposals			(20,013)			(20,013)
At 31 March 2021	198,086	347,937		177,987	362,253	1,086,263
Net book value
At 31 March 2021	68,348	22,236		2,278	10,147	103,009
At 31 March 2020	71,455	30,770	-	2,935	10,961	116,121

	The following	was a subsid		iary undertaking	iary undertaking	ofthe Company:	ofthe Company:	ofthe Company:	ofthe Company:	ofthe Company:
	Name			Company		Registered office or principal					Class of	Holding
				number		place ofbusiness					shares
	Derby Quad	Enterprises		06643908		Quad Market Place,			Cathedral		Ordinary	100M
	Limited					Quarter,	Derby,	DE1 3AS
	The financial	results ofthe		subsidiary	for the	year were:
	Name							Incomef		Expenditure 8		Net assets 8
	Derby Quad	Enterprises	Limited					293,407			321,062	(24,049)
16.	Stocks
											Group	Group
											2021	2020
											6	f
	Shop and Cafe Stock										7,554	8,239
17.	Debtors
							Group		Group		Company	Company
							2021		2020		2021	2020
							6			F	f	F
	Due after more than one			year
	Other debtors					149,866			156,982		149,866	156,982

Debtors (continued	)
					Group	Group	Company	Company
					2021f	2020 5	2021f	2020f
Due within one year
Trade debtors					81,473	36,588	62,966	13,569
Amounts owed by group			undertakings				36,602
Other debtors					70,151	7,527	55,551	7,527
Prepayments and accrued income					40,270	61,698	31,498	57,327
Grants receivable					50,087	116,155	50,087	116,155
					241,981	221,968	236,704	194,578
Creditors: Amounts		falling due		within one year
					Group	Group	Company	Company
					2021f	2020 8	2021 8	2020 8
Trade creditors					147,826	174,675	140,511	126,124
Amounts owed to group			undertakings					67,358
Other taxation and	social security				69,343	39,318	37,186	18,253
Other creditors					12,308	18,469	11,198	17,297
Accruals and deferred		income			406,359	322,426	374,666	280,684
					635,836	554,888	563,561	509,716
					Group	Group	Company	Company
					2021f	2020 F	2021 6	2020f
Deferred income at 1		April 2020			109,434	163,055	109,434	93,366
Resources deferred	during the year				207,946	109,434	207,946	109,434
Amounts released	from previous			periods	(131,795)	(163,055)	(131,795)	(93,366)
					185,585	109,434	185,585	109,434

Statement of	funds -curren	t year
						Balance at
		Balance at 1			Transfers	31 March
		April 2020f	Income	Expenditure F	in/out 6	2021 f
Unrestricted	funds
Reserves		110,579	2,003,367	(1,672,891)	(29,208)	411,847
Restricted funds
Other projects	and grants		148,828	(148,828)
FORMAT Festival			86,436	(115,644)	29,208
Capital grants		17,901		(813)		17,088
		17,901	235,264	(265,285)	29,208	17,088
Total offunds		128,480	2,238,631	(1,938,176)		428,935

Statement of	funds - prior y	ear
						Balance at
		Balance at			Transfers	31 March
		1 April 2019 6	Income 6	Expenditure f	in/out 6	2020 6
Unrestricted	funds
Reserves		38,803	2,782,365	(2,702,482)	(8,107)	110,579
Restricted funds
Other projects	and grants		214,102	(180,459)	(33,643)
FORMAT Fesfival			15,689	(57,439)	41,750
Capital grants		22,887		(4,986)		17,901
		22,887	229,791	(242,884)	8,107	17,901
Total offunds		61,690	3,012,156	(2,945,366)		128,480

Analysis	ofnet assets between funds - current year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
		6	6	E
Tangible	fixed assets	91,548	17,088	108,636
Intangible	fixed assets	14,187		14,187
Debtors	due after more than one year	149,866		149,866
Current assets		792,082		792,082
Creditors	due within one year	(635,836)		(635,835)
Total		411,847	17,088	428,935
Analysis	ofnet assets between funds - prior year
		Unrestncted	Restricted	Total
		funds	funds	funds
		2020 8	2020 F	2020f
Tangible	fixed assets	102,966	17,901	120,867
Intangible	fixed assets	19,259		19,259
Debtors due after more than one year		156,982		156,982
Current assets		386,260		386,260
Creditors	due within one year	(554,888)		(554,888)
Total		110,579	17,901	128,480

21.	Reconciliatio	n ofn	et	movem	ent in fund	s t	o net cash flow fro	m operating	activities
									Group	Group
									2021	2020
									6	E
	Net income for the year (as per Statement					of	Financial Activities)		300,455	66,790
	Adjustments	for:
	Depreciation	charges							21,673	23,048
	Amortisation	charges							5,072	4,840
	Loss/(profit) on the sale offixed assets								(692)
	Decrease in	stocks							685	2,508
	Decrease/(increase)		in debtors						(12,897)	99,518
	Increase/(decrease)		in creditors						80,948	(292,714)
	Net cash provided		by/(used		in) operating		activities		395,244	(96,010)
22.	Analysis of	cash and		cash equivalents
									Group	Group
									2021	2020f
	Cash in hand								542,547	156,053
23.	Analysis of	changes		in net debt
								At 1 April		At 31 March
								2020	Cash flows	2021
								5	6	f
	Cash at bank and in		hand					156,053	386,494	542,547

payments	und	er non-cancellable operating lease	s as follows:
			Group	Group	Company	Company
			2021 6	2020 8	2021 8	2020f
Not later than		1 year	8,031	19,501	8,031	19,501
Later than	1 year and not later than 5 years		11,652	19,682	11,652	19,682
			19,683	39,183	19,683	39,183

			Income f	Expenditure 6	Debtors	Creditors 6
Geldards LLP (a partnership with a director		in
common)
-At 31 March 2020 (2021:None)			400	1,200		1,200
University of Derby Theatre Limited	(a
company with a director in common)
-At 31 March 2021			5,000
Derby Museums (a company with a	director	in
common)
-At 31 March 2021 (2020: None)			4,000
C Sexton (director)
-At 31 March 2020 (2021:None)				113
Marketing Derby Limited (a company	with a
director in common)
-At 31 March 2020 (2021:None)				600		360
BWalsh (Director)
-At 31 March 2021					400
-At 31 March 2020			400		400
A Buss (Director)
-At 31 March 2020
K Frain (Key Management)
-At 31 March 2020 (2021:None)				841
LClemente (Key Management)
-At 31 March 2020 (2021:None)				4,041		1,275
H Herve-Petts (Key Management)
-As 31 March 2021 (2020: None)						23