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2023-07-31-accounts

Page
Directors' Report
Statement ofTrustees' Responsibilities
Independent Auditors' Report
Accounting Policies 11-12
Statement ofFinancial Activities (Including Income and Expenditure Account)
Balance Sheet 14
Cash Flow Statement
Notes on Accounts 16-25

Legal and administration
details		 Legal and administration
details		 Legal and administration
details		 Legal and administration
details
Official name ofcharity: Sheffield Theatres Crucible Trust
Charity registration number: 1120640
Company registration number: 6035820
Registered Office: 55 Norfolk Street
Sheffield
S1 1DA
Directors and Trustees: Mr. Neil Adleman
Ms Kate Booth
Mr. Matthew
Byam		 Shaw
Dr Anni Domingo
Mr. Richard Huntrods
Mr. Robert Noble
Ms Catherine
Pakenham
Chief Executive: Tom Bird
Bankers: Barclays Bank
1 St Paul's Place
Norfolk Street
Sheffield
612JW
Auditors: Hawsons
Chartered		 Accountants
Statutory Auditors
Pegasus House
463a Glossop Road
Sheffield
S102QD

SHEFFIELD THEATRES CRUCIBLE TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF SHEFFIELD THEATRES CRUCIBLE TRUST {continued) Audltorfs responsibilities for the audit of the financial Statements Our objectives are to obtain reasonable assurance about whether Ihe ffirbancial slalements as a whole are f￿e from material misslatemenl, whether due lo fraud or error. 8nd to iSSL an audilorfs report that includes our opinion. Reasonable assurance is a high level of 85surance. but is not 8 guarantee that an audit conducted in accordance with ISAS {UKI will always detect a maleTiaJ misstatement when rt exists. Misstatements can arise from fraud or error and are Considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic deasions of usefs taken on the basis of these financial 51atemenls. The extent to which our procedwes are capable of detecting iryegularities. including fraud is detailed below". The charitable company is subject to law5 and reguL3tions that directly and indirectty affeet the financial statements. Based on our understanding of the charity and the environment it OFerates within. we determined that the laws and regulations which were most significant included FRS 102 and the Companies Act 2006. We considered the exlenl to which non-compliance with these laws and regulations might have a material effect on the financial stalemenls, including how fraud might occur. We evalued management's in￿ntiVeS and opportunities tor fraudulent manipulation of the financial statements (including the risk of override of contro151, and determined that the principal risks were related lo the posb.ng of inappropriate joumal entries to imwove the charity's result for the period. and management bias in key accountr'ng estimates. ALsdf( procedures perfornied by the engagement team irKluded: Discussions with management arbd those responsible for legal compliance procedures wlhin the charitable company to obtain an understanding ofthe legal and regijlalory framework applicable lo the charity and how the charity complies wth that framework. including consideration of kncA¥n or suspected instances of non- compliance with laws and Tegulations and fraud- Reviewing minutes of Trustee meetings; Identifying and 85sessing the fjesign effectiveness of controls that m￿agement has in place to prevent and detect fraud and non-compliance %Mth laws and regulations.. Challenging assumptions and judgements made by mart￿ement in Iheif significant accounting estimates. Identifying and testing journal entries. in Part￿lIar any joumal entries posted with unusual account combinations or posted by senk)r management. A fLtrther description of OUT responsibilities is available on the Financial Reporting Council's website at www.frc_org.uklauditorslaudit-assurancelauditor-s-responsibilities-for-th&audit-of-the-fildescription-of-the-auditor's• iesponsibilits"es-for. This descriplK)n ft)mis part of our al￿1t0rfs report.

EAR ENDED 31JULY2023
Unrestricted Restricted 2023 2022
Notes Funds Funds Total Total
f f f
Incoming Resources
Incoming resources from generated
funds:
Donations
and legacies		 1 3,024,135 184,439 3,208,574 2,587,549
Recharge from parent company 1 483,850 483,850 612,163
Investment
Income		 130,000 130,000
Management
Fees Receivable		 40,000 40,000 40,000
Incoming resources from charitable
activities		 2 3,293,669 3,293,669 1,525,467
Total incoming resources 6,487,804 668,289 7,156,093 4,765,179
Resources expended on:
Raising funds 6 463 463 159
Charitable
activities		 7 6,204,264 233,939 6,438,203 4,599,153
Other 8 4,600 4,600 3,400
Total resources expended 6,209,327 233,939 6,443,266 4,602,712
Net Incoming Resources before
transfers		 278,477 434,350 712,827 162,467
Transfer between funds
Net Movement
in Funds		 278,477 434,350 712,827 162,467
Fund balances brought
forward
at 1 August 542,391 5,075,099 5,617,490 5,455,023
Fund Balances Carried
Forward
At 31July		 820,868 5,509,449 6,330,317 5,617,490

BALANCE SHEET
31JULY 2023
Notes 2023 2022
F
FIXEDASSETS
Tangible assets 5,562,792 5,185,711
CURRENT ASSETS
Debtors 12 1,239,436 1,813,723
Cash at bank and in hand 13 2,424,729 761,562
3,664,165 2,575,285
CREDITORS - Amounts
falling due within one year 14 2,896,640 2,143,506
NET CURRENT ASSETS 767,525 431,779
NET ASSETS 6,330,317 5,617,490
RESERVES
Restricted funds 5,509,449 5,075,099
Designated 792,000 391,334
General fund 28,868 151,057
6,330,317 5,617,490

2023 2022
Notes 6 6
Cash flow from operating activities 2,201,456 518,123
Cash flow from investing activities
Capital expenditure (668,289) (143,819)
Bank Interest Received 130,000
Net cash flow from investing activities (538,289) (143,819)
Net increase
in cash and cash equivalents		 1,663,167 374,304
Cash and cash equivalents at 1 August 761,562 387,258
Cash and cash equivalents at 31 July 2,424,729 761,562
Cash and cash equivalents consists of:
Cash at bank and in hand 2,424,729 761,562

EAR ENDED 31JULY2023 EAR ENDED 31JULY2023
1a
INCOME FROM DONATIONS		 AND LEGACIES
2023 2022
f f
Unrestricted
Arts Council England 1,303,416 1,303,416
Arts Council England - Ramps on the Moon 479,251
Department
for Work		 and Pensions - Access to Work 11,240
Sheffield Theatres Trust 700,000
Sheffield
City Council		 291,600 291,600
SCC Covid-1 9Support 11,007
DCMS - Cultural
Recovery Fund		 700,000
Trusts and Foundations 3,000
Donations
and gifts		 1,975 1,580
Sponsorship 215 240
Gift Aid 236,438 276,706
Total unrestricted 3,024,135 2,587,549
Restricted
Sheffield Theatres Trust 184,439
3,208,574 2,587,549
1b
RECHARGE FROM PARENT		 COMPANY
2023 2022
F f
Restricted
Garfield Weston 612,163
Arts Council England Small Capital Fund 385,250
Arts Council England Kickstart 52,600
GRI Group Ltd 20,000
The Freshgate Trust Foundation 2,000
JG Graves Charitable Trust 5,000
Sheffieid Church Burgesses Trust 2,500
Sheffield Town Trust 5,000
Other Donations 11,500
Total restricted
income		 483,850 612,163

2 INCOME FROM CHARITABLE ACTIVITES
2023 2022
6
Unrestricted
Ticket and related sales 3,215,396 1,498,725
Other 78,273 26,742
3,293,669 1,525,467
3 STAFF PARTICULARS
2023 2022
E F
Staff costs compdised:
Wages and salaries 1,699,815 1,374,997
Social security costs 145,399 127,797
Pension costs 108,578 102,473
1,953,792 1,605,267

4 NET OUTGOING RESOURCES NET OUTGOING RESOURCES
2023 2022
f 5
This is stated after charging
Auditors'
remuneration
as auditors 4,600 3,400
Depreciation 291,208 161,569
Interest Receivable 130,000
Operating
lease rentals:
Other 56,143 48,647
5 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
6 6
Net incoming resources 712,827 162,467
Net interest (receivable) (130,000)
Depreciation 291,208 161,569
Decrease/(Increase) in debtors 574,287 (999,529)
Increase
in creditors		 753,134 1,193,616
Net cash flow from operating
activities		 2,201,456 518,123
6 RESOURCES EXPENDED ON RAISING FUNDS
2023 2022
F 5
Fundraising 463 159

Production
Costs		 2023 2022
6
Staffing costs 16,299 7,504
Scenery, costumes,
materials		 294,110 189,377
Production
services		 2,370,297 1,207,079
Royalties and commissioning fees 88,117 96,525
Additional
directors',		 designers' and
other guests' fees 92,620 68,331
Indirect production
consumables		 59,554 41,684
Miscellaneous 155,855 45,376
Education
project staffing costs		 108,969 129,808
Education
project costs		 53,880 306,853
Visiting companies fees and other cost 126,053 117,881
Re-charge to co-producers and visiting companies (5,972) (9,238)
Programme
costs		 33,512 6,384
Licence and subscriptions 317 707
3,393,611 2,208,271
StaffCosts
Staffing costs 1,702,789 1,368,869
Training,
recruitment		 and other costs 9,954 (1,374)
1,712,743 1,367,495
Establishment
Costs
Rent, rates and insurance 167,010 148,755
Heat and power 34,238 25,075
Electdicity 117,772 233,800
Repairs and renewals 120,152 85,856
Waste disposal 22,934 12,266
Depreciation 233,939 104,625
696,045 610,377
Selling Costs
Publicity and advertising 237,510 126,688
Boxoffice computer systems 30,765 17,390
Ticket printing 4,406 1,977
Miscellaneous
selling		 costs 2,915 897
Credit card commission 54,009 26,712
Telephone,
postage,		 stationery and
photocopying 9,930 12,158
Travel and entertaining 1,798 89
341,333 185,911

E AR ENDED 31JULY 2023 AR ENDED 31JULY 2023 AR ENDED 31JULY 2023 AR ENDED 31JULY 2023 AR ENDED 31JULY 2023 AR ENDED 31JULY 2023 AR ENDED 31JULY 2023
7 COST OF CHARITABLE ACTIVITIES (continued)
Support Costs 2023 2022
f
Staffing costs 125,734 99,086
Training,
recruitment		 and other costs 22,275 13,484
Depreciation 57,269 31,212
Telephone,
postage,		 stationery and
photocopying 5,076 3,223
IT maintenance
and		 peripherals 25,864 29,475
Travel and entertaining 14,312 4,019
Professional
charges		 5,240 9,126
Bank charges 4,154 4,444
Licence and subscriptions 14,566 12,492
Security 12,043
Miscellaneous 7,938 20,538
294,471 227,099
Total costs of charitable activities 6,438,203 4,599,153
8 OTHER COSTS
Auditors
remuneration:		 4,600 3,400
9 RESERVES
At 1
August		 Incoming Outgoing At 31 July
2021 Resources Resources Transfers 2022
f f f f f
RESTRICTED
Accumulated
Building		 Fund 617,625 12,434 605,191
Garfield Weston Culture Fund 612,163 (475,209) 136,954
Capital Redevelopment Fund 4,425, 145 92,191 4,332,954
Total Restricted Funds 5,042,770 612,163 104,625 (475,209) 5,075,099
UNRESTRICTED
General 20,919 4,153,016 4,498,087 475,209 151,057
Designated —major repairs 165,000 165,000
Designated —artistic
and development		 research 226,334 226,334
Total Unrestricted Funds 412,253 4,153,016 4,498,087 475,209 542,391
Total Funds 5,455,023 4,765,179 4,602,712 5,617,490

RESERVES
At 1 August Incoming Outgoing At 31 July
2022 Resources Resources Transfers 2023
f f
RESTRICTED
Accumulated
Building
Fund		 805,191 12,434 592,757
Garfield Weston Culture Fund 136,954 27,391 109,563
Capital Redevelopment Fund 4,332,954 668,289 194,114 4,807,129
Total Restricted Funds 5,075,099 668,289 233,939 5,509,449
UNRESTRICTED
General 151,057 6,487,804 6,209,327 (400,666) 28,868
Designated —major repairs 165,000 140,000 305,000
Designated —artistic research
and development		 226,334 (39,334) 187,000
Designated —production 300,000 300,000
Total Unrestricted
Funds		 542,391 6,487,804 6,209,327 820,868
TotalFunds 5,617,490 7,156,093 6,443,266 6,330,317

Unrestricted Restricted
funds funds Total
2022 2022 2022
6 6
Tangible fixed assets 110,612 5,075,099 5,185,711
Current assets 2,575,285 2,575,285
Current liabilities (2,143,506) (2,143,506)
542,391 5,075,099 5,617,490
Unrestricted Restricted
funds funds Total
2023 2023 2023
f 6
Tangible Axed assets 53,343 5,509,449 5,562,792
Current assets 3,664,165 3,664,165
Current liabilities (2,896,640) (2,896,640)
820,868 5,509,449 6,330,317

EAR ENDED 31JULY 2023
11
FIXEDASSETS - TANGIBLE
Land and
Buildings Fixtures Plant
Long and and
Leasehold Fittings Equipment Total
Cost E 8 f
At 1 August 2022 6,614,530 1,554,395 5,454,344 13,623,269
Additions 209,037 459,252 668,289
At 31 July 2023 6,614,530 1,763,432 5,913,596 14,291,558
Depreciation
At 1 August 2022 1,676,385 1,398,965 5,362,208 8,437,558
Charge for the year 104,625 64,410 122,173 291,208
At 31 July 2023 1,781,010 1,463,375 5,484,381 8,728,766
Net book value
At 31 July 2023 4,833,520 300,057 429,215 5,562,792
At 1 August 2022 4,938,145 155,430 92,136 5,185,711
12
DEBTORS
2023 2022
Due within one year: 6 F
Trade debtors 79,862 36,839
Other debtors 88,843 285,218
Prepayments
and accrued income		 73,925 662,928
Amount due from fellow subsidiary companies 996,806 828,738
1,239,436 1,813,723
13
CASH AT BANK AND IN HAND
2023 2022
F 6
Cash in hand 2,510 7,869
Cash at bank 2,422,219 753,693
2,424,729 761,562

EAR ENDED 31JU EAR ENDED 31JU LY 2023
14
CREDITORS
2023 2022
Amounts
falling		 due within one year. f 6
Trade creditors 122,807 153,309
Accruals and deferred income 1,242,881 803,961
Amounts
owed		 to fellow subsidiary company 1,172,680 530,557
Amounts
owed		 to parent company 358,272 655,679
2,896,640 2 143506
15
ANALYSIS		 OF CHANGES IN NET FUNDS
At At
1 August Cash 31 July
2022 Flows 2023
E
Cash balances 761,562 1,663,167 2,424,729
16
FINANCIAL		 COMMITMENTS
2023 2022
F 6
Total future minimum lease payments under non-cancellable
operating
leases		 are as follows:
Due in under
1		 year 62,938 36,666
Due in 2to 5years 189,000 102,667
Due in over 5years 837,321 719,342

EAR ENDED 31JULY 2023
2023 2022
INCOMING RESOURCES F f
Voluntary
Income
Art Council England 1,303,416 1,303,416
Art Council England - Ramps on the
Moon		 479,251
Access to Work 11,240
Sheffield Theatres Trust 700,000
Sheffield
City Council		 291,600 291,600
SCC Covid-19 support 11,007
DCMS - Cultural
Recovery		 Fund 700,000
Trusts and Foundations 3,000
Individual
gifts		 2,190 1,820
Gift Aid 236,438 276,706
3,024,135 2,587,549
Activities for generating funds
Management
Fees		 40,000 40,000
investment
income
Bank interest 130,000
Incoming resources from charitable activities
Boxoffice —own productions 2,830,608 1,228,282
Boxoffice and tour income —education 16,743 9,462
Boxoffice —visiting companies 142,232 135,193
2,989,583 1,372,937
Post Sheffieid Tour Income 131,170 45,373
Hire of premises 61,667 74,818
Programme
income		 32,976 5,597
Miscellaneous
income		 78,273 26,742
304,086 152,530
Total incoming
resources		 from charitable activities 3,293,669 1,525,467
TOTAL INCOMING RESOURCES 6,487,804 4,153,016

EAR ENDED 31 J ULY2 023
2023 2022
Direct Dllect
Charitable Charitable
RESOURCES EXPENDED Expenditure Expenditure
E E
Costs ofgenerating voluntary
income
Fundraising
charges		 463 159
Charitable
activities
Sheffield Production Costs
Staffing costs 16,299 7,504
Scenery, costumes, materials 294,110 189,377
Production
services		 2,370,297 1,207,079
Royalties and commissioning fees 88,117 96,525
Additional
directors'		 designers'
and other guests' fees 92,620 68,331
Indirect production consumables 59,554 41,684
Miscellaneous 155,855 45,376
3,076,852 1,655,876
Education project
Education
project staffing costs		 108,969 129,808
Other project costs 53,880 306,853
162,849 436,661
3,239,701 2,092,537
Visiting Companies Costs
Visiting Companies fees 125,503 117,881
Other costs 550
Re-charge to co-producers and
visiting companies (5,972) (9,238)
Programme
costs		 33,512 6,384
Licence and subscriptions 317 707
153,910 115,734
Total Production
Costs		 3,393,611 2,208,271
Cardied forward 3,394,074 2,208,430

EAR ENDED 31J ULY202 3
2023 2022
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
f f f f
Brought forward 3,394,074 2,208,430
Staff Costs
Staffing costs 1,702,789 125,734 1,368,869 99,086
Staff training 1,940 3,783 4,866 7,787
Other staff costs 8,014 7,555 (6,240) 3,188
Staff recruitment 10,937 2,509
1,712,743 148,009 1,367,495 112,570
Establishment Costs
Rent, rates and insurance 167,010 148,755
Heat and Power 34,238 25,075
Electricity 117,772 233,800
Repairs and renewals 120,152 85,856
Waste disposal 22,934 12,266
Depreciation 57,269 31,212
462,106 57,269 505,752 31,212
Selling Costs
Publicity and advertising 237,510 126,688
Boxoffice computer systems 30,765 17,390
Ticket printing 4,406 1,977
Miscellaneous selling costs 2,915 897
Credit card commission 54,009 26,712
Telephone,
postage,		 stationery and
photocopying 9,930 12,158
Travel and entertaining 1,798 89
341,333 185,911
Carried forward 5,910,256 205,278 4,267,588 143,782

EAR ENDED 31 JULY2023
2023 2022
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
6 6 E
Brought forward 5,910,256 205,278 4,267,588 143,782
Administration
Costs
Postage 5,076 3,223
ITmaintenance
&		 peripherals 25,864 29,475
Travel and entertaining 14,312 4,019
Professional
charges		 5,240 9,126
Bank charges 4,154 4,444
Licence and subscriptions 14,566 12,492
Security 12,043
Miscellaneous 7,938 20,538
89,193 83,317
Governance
Costs
Audit fee 4,600 3,400
TOTAL RESOURCES EXPENDED 5,910,256 299,071 4,267,588 230,499
2023 2022
5 6
Total incoming resources 6,487,804 4,153,016
Resources expended
Direct charitable expenditure 5,910,256 4,267,588
Other expenditure 299,071 230,499
NET MOVEMENT
TRANSFERS		 IN UNRESTRICTED FUNDS BEFORE 278,477 (345,071)
TRANSFERS 475,209
NET MOVEMENT IN UNRESTRICTED FUNDS 278,477 130,138

EAR ENDED 31JU LY2023
2023 2022
5 5
RESTRICTED FUNDS RECEIVED
Sheffield Theatres Trust 184,439
Garfield Weston 612,163
Arts Council England
Fund		 Small Capital 385,250
Arts Council England Kickstart 52,600
GRI Group Ltd 20,000
The Freshgate Trust Foundation 2,000
JG Graves Charitable Trust 5,000
Sheffield Church Burgesses Trust 2,500
Sheffield Town Trust 5,000
Other Donations 11,500
TOTAL 668,289 612,163
RESTRICTED FUNDS EXPENDED
Accumulated
Building		 Fund (12,434) (12,434)
Garfield Weston (27,389)
Capital Redevelopment (194,114) (92,191)
TOTAL 233,939 104,625
MOVEMENT
ON RESTRICTED FUNDS
BEFORE		 434,350 507,538
TRANSFERS
TRANSFERS (475,209)
MOVEMENT ON RESTRICTED FUNDS 434,350 32,329
TOTAL MOVEMENT ON FUNDS 712,827 162,467