2021-03-31-accounts

						Page
Reference and Administrative		Details
Trustees' Report						2-17
Auditors' Report						18-20
Statement of Financial	Activities		(including	Income and Expenditure	Account)	21-27
Balance Sheet						28
Cash Flow Statement						29
Notes to the Financial	Statements					30-39
Appendix - charitable	activities	costs analysis

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					(Limited by Guarantee)	(Limited by Guarantee)
					Year ended 31 March	2021
					2021			2020
Income from donations			and	legacies
Donations
Donations					10,598		28,653
Donated facilities					78,818		78,821
						89,416			107,474
Grants
COVID-19 emergency		funding
ACE - Emergency	Response			Fund	119,000
ACE - Culture Recovery			Fund		197,000
LB Haringey - emergency			grant		28,000
HMRC Job Retention		Scheme			130,302		8,342
						474,302			8,342
ACE - NPO funding					132,135		129,748
LB Haringey - revenue		funding			110,000		110,000
Finnish Institute							5,988
						242,135			245,736
Income from donations			and	legacies	carried forward	805,853			353,210

Income from donations	and legacies brought		forward	805,853		353,210
Grants
Project specific funding
ACE - Large Capital Grants			270,148
ACE - Development Fund					31,654
Backstage Trust			20,000
Barnet Summer Activities					5,189
BBCChildren in Need			44,304		35,695
Cadent Foundation			5,633
Capital grants - misc			25,500
Christina Smith Foundation			25,000
Christmas Day donations			36,291
City Bridge Trust			11,818		42,275
Com Exchange			1,200
DDCMS Tampon Tax					45,996
Ernest Hecht Foundation					2,000
Francis Winham Foundation					2,450
Garfield Weston Foundation			100,000
Homes for Haringey			9,500
Homsey Parochial Charities					2,385
Jack Petchey Foundation					750
London Borough of Barnet			1,800
London Borough of Haringey			297,767		11,441
Participation (Community)	- misc		220
Participation (Youth) - misc			999
Paul Rodgers					280
Private donations			131,000
Social Lunch					566
The 29th May Charitable	Trust		5,000
The National Lottery Community		Fund	47,927
Tottenham Grammar School Foundation					6,275
Victoria Wood Trust					60,000
Young Barnet Foundation					386
				1,034,107		247,342
				1,839,960		600,552

					(Limited	by Guarantee)	by Guarantee)
					Year ended 31 March		2021
						2021			2020
Income from	charitable		activities
Operation of The		Centre
Room, studio	and	regular	hires			7,165		114,457
Classes and	courses							53,887
Boxoffice					12,374			225,630
Theatre hire								55,558
In kind support							19,539			449,532
Artists in Residence					55,010			30,000
Emerging companies					25,000			45,000
Transmission								18,252
Classes and	courses				11,935			12,576
Christmas Day					23,276
							115,221			105,828
							134,760			555,360
Other operating		income
Cafe and bar								40,308
Sundry						857		31,124
							857			71,432
							135,617			626,792
Income from	other trading			activities
Fundraising
Fundraising events										5,442
Investment	income
Bank interest	received						61			646
Other income
Theatre Tax	Relief									26,106
										26,106

								(Limited	by	Guarantee)
								Year ended	31 March 2021
										2021	2020
Expenditure		on raising				funds
Fundraising
Fundraising	costs											2,360
Commercial	trading				operations
Purchase costs
												2,360
Expenditure		on charitable					activities
Operation	of	The		Centre
Direct costs								662,151			1,022,570
In kind support								115,221			105,948
								777,372			1,128,518
Support costs		- page			27			128,909			128,216
										906,281		1,256,734
Other operating			expenditure
Support costs		- page			27				1,729		33,451
Governance	costs			-	page	27			6,100		4,750
										7,829		38,201
										914,110		1,294,935

				2021	2020
Support and governance		costs
Support costs
Operation ofThe Centre				128,909	128,216
Other operating	costs - management		costs		9,600
Other operating	costs - finance			1,729	23,851
				130,638	161,667
Governance costs
Professional/financial
Accountancy/other				1,500	1,500
Audit				4,600	3,250
				6,100	4,750

				(Limited by Guarantee)	(Limited by Guarantee)
				Balance Sheet
				31 March	2021
					2021		2020
			Notes
Fixed assets
Tangible assets					1,276,512			367,907
Current assets
Stocks			9			3,618
Debtors			10	96595		51,248
Cash at bank	and	in hand		609,346		218,325
				705,941		273,191
Liabilities
Creditors: amounts		falling
due within one year			11	(376,905)		(97,078)
Net current	assets				329,036			176,113
Total assets	less	current
liabilities					1,605,548			544,020
The funds of the		charity
Unrestricted	funds		14
-General fund					332,121			205,009
- Designated	funds				80,000			15,000
					412,121			220,009
Restricted funds			15		1,193,427			324,011
Total charity	funds				1,605,548			544,020

				2021	2020
			Notes
Cash flows from operating	activities		20	1,301,026	(56,508)
Cash flows from investing	activities:
Dividends, interest and rents from investments				61	646
Purchase ofproperty, plant	and equipment			(910,066)	(99,020)
Net cash provided by investment activities				(910,005)	(98,374)
Change in cash and cash equivalents in the		reporting	period	391,021	(154,882)
Cash and cash equivalents	at the beginning	ofthe reporting
period				218,325	373,207
Cash and cash equivalents	at the end of	the reporting
period				609,346	218,325

Net income/(expenditure)	for the year is	2021	2020
stated after charging:
Depreciation oftangible	fixed assets	1,461	1,461
Auditors' remuneration
-external audit		4,600	3,250
-other services		1,500	1,500

	2021
Artistic Director Salary	55,244
Artistic Director Pension	395
Executive Director Salary	53,910
Executive Director Pension	1,617

Staff costs and numbers	2021	2020
	F
Staff costs
Salaries and wages	406,410	489,689
Social security costs	29,000	36,620
Pension costs	8,530	10,263
	443,940	536,572

Fixed assets - tangible assets	Property	Fixtures/
	development	fittings/	Total
	costs	equipment
Cost
1 April 2020	363,524	88,119	451,643
Additions	910,066		910,066
31 March 2021	1,273,590	88,119	1,361,709
Depreciation
1 April 2020		83,736	83,736
Charge for year		1,461	1,461
31 March 2021		85,197	85,197
Net book values
31 March 2021	1,273,590	2,922	1,276,512
31 March 2020	363,524	4,383	367,907

9.	Stoc ks		2021	2020
	Stocks			3,618
10.	Debtors		2021	2020
	Trade debtors		23,029	1,746
	Other debtors		47,623	44,155
	Prepayments	and accrued income	25,943	5,347
			96,595	51,248

11.	Creditors: amounts	falling	due	2021	2020
	within one year				E
	Trade creditors			288,720	32,581
	Other taxation/social	security			8,933
	Other creditors			15,311	22,755
	Accruals			7,152	13,115
	Deferred income (note 12)			65,722	19,694
				376,905	97,078

12.	Deferred	income
	Balance	at 1 April	2020		19,694
	Amount	released	to incoming	resources	(19,694)
	Amount	deferred	in the year		65,722
	Balance	at 31 March 2021			65,722

14.	Unrestricted funds	Unrestricted funds	Brought	Incoming	Outgoing	Transfers	Carried
			forward	resources	resources		forward
	General	fund	205,009	811,229	(619,117)	(65,000)	332,121
	Designated funds:
	Capital	development	15,000				15,000
	Impact	Assessment				30,000	30,000
	Building	repairs/maintenance				10,000	10,000
	Hire liability					25,000	25,000
			220,009	811,229	(619,117)		412,121

15.	Restricted	funds	Brought	Incoming	Outgoing	Carried
			forward	resources	resources	forward
				F
	Development fund		307,714	874,415		1,182,129
	Creative Learning		16,297	123,401	(136,172)	3,526
	HMRC Job	Retention Scheme		130,302	(130,302)
	Christmas	Lunch		36,291	(28,519)	7,772
			324,011	1,164,409	(294,993)	1,193,427

16.	Analysis of net assets between	funds
			General	Designated	Restricted	Total
			funds	funds	funds
	Fund balances at 31 March 2021
	are represented by:
	Tangible fixed assets		94,383		1,182,129	1,276,512
	Net current assets		237,738	80,000	11,298	329,036
			332,121	80,000	1,193,427	1,605,548

At 31 March 2021 the company had future minimum leases, with payments falling due as follows:	lease payments under non-cancellabl	e operati
	2021	2020
Due:
Within one year	23,000
Between one and five years	92,000
In over five years	451,375
	566,375

20.	Reconciliation of net income/(expenditure)	Reconciliation of net income/(expenditure)	Reconciliation of net income/(expenditure)	to net cashf low from operating activities
				2021	2020
	Net income/(expenditure) for		the	1,061,528	(29,415)
	reporting period	(as per	the
	statement offinancial	activities)
	Depreciation			1,461	1,461
	Dividends, interest and rents from investments			(«)	(646)
	Decrease in stocks			3,618	(191)
	(Increase)/decrease	in debtors		(45,347)	(8,767)
	Increase/(decrease)	in creditors		279,827	(18,950)
	Net cash inflow from operating		activities	1,301,026	(56,508)

					2021			2020
Charitable activities costs			analysis
Production costs
Staff and salary costs				446,387			523,658
Freelance fees							28,283
Theatre and creative learning				153,609			385,826
Barcosts ofsale				4,593			20,955
Advertising and marketing				34,538			37,169
Office consumables				89			1,052
Sundries				1,293			4,134
Irrecoverable VAT				21,642			21,493
						662,151			1,022,570
Cost equivalent of support			in kind
In kind support - Artists	in	residence		55,010			45,000
In kind support - Emerging		companies		25,000			30,000
In kind support - Transmission							18,252
In kind support - Classes and			courses	11,935			12,696
In kind support - Christmas		Day		23,276
						115,221			105,948
						777,372			1,128,518
Support and governance		costs
Operation of The Centre
Office consumables				1,156			7,081
Rent equivalent ofdonated		facilities		78,818			78,821
Premises expenses				39,812			35,773
Sundries				213			5,080
Depreciation offixtures/fittings/equipment				1,461			1,461
						121,460			128,216
Management
Management costs							9,600
									9,600
Finance
Legal/professional				7,449
Bank charges				229			173
Freelance fees - finance				1,500			23,678
						9,178			23,851
Governance costs						130,638			161,667
Accountancy/other				1,500			1,500
Audit				4,600			3,250
						6,100			4,750
						914,110			1,294,935