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2021-03-31-accounts

Page
Legal and administrative
information
Trustees' report 2-4
Ratement oftrustees' responsibilities
Independent
examiner's
report
Statement offinancial activities
Statement offinancial position
Notes to the nnancial statements 9-19

Trustees Mr C Richmond (Chair)
Ms SGrantham
Ms C Lister
Mrs A Ollive
MrSThomas
Mr N Stevenson
Mr M Harper-Hardcastle (Appointed 30April 2020)
Ms A Ellison (Appointed 30April 2020)
E Killick
Chariity number 1120663
Company
number		 04267423
Principal address Shine
Harehills
Road
Leeds
LS65HS
Registered office Shine
Harehills
Road
Leeds
LS85HS
Independent examiner N ClemitACA, FCCA
JWPCreers LLP
Chartered Accountants
Genesis 5
Church Lane
York
YO105DQ
Bankers The Co-operative Bank Pic
PO Box250
Delf House
Southvmy
Skelmersdsle
Lancashire
WN6 6WT
Key management pemonnel Mrs WJ Hams -Artistic Director
Ms E Iullick - Executive Director

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1.5 Tangible fixed assets
Tangible fixed assets costing more than 2500 are initially measured
at cost and subsequently
measured
depreciation
and any impairment
losses.		 at cost or valuation,
net of
Depredation
is recognised so as to write offthe cost or valuation
ofassets less their residual
values over their useful lives on the
following bases:
Musical &Stage equipment
25'/ straight
line
Fixtures and frifings
20%straight line
Computers
33%straight
line
The gain or loss ariising
on the disposal
of an asset is determined
as the difference
between
the sale
value ofthe asset, and is recognised
in net income/(expenditure)
for the year.		 proceeds and the carrying
Cash and cash equivalents
Cash and cash equivalents
include cash in hand, deposits
held at call with banks, other short-term
liquid investments
with original
maturities
ofthree months or less, and bank overdratts.
Bank overdrafts
are shown
within borrowings
in current
liabilities.
1.7 Financial instruments
The charity
has elected
to apply the provisions
of Section 11 'Basic Financial
Instruments'
and Section 12 'Other
Financial
Instruments
Issues' of FR S 102to all ofits inanciel instruments.
Financial
instruments
are recognised
in the charity's
balance sheet when the charity becomes party to
ofthe instrument.		 the contractual
provisions
Basic financiai assets
Basic knancial
assets are measured
at transaction
price
including
transaction
rxrsts. Financial
assets dassified as receivable
within one year are not amortised.
Basic financial liabilities
Basic financial
liabilifies
are recognised
at transaction
price. Financial
liabilities
ctassified
as payable
amorlised.		 within
one year are not
Trade creditors are obligations
to pay for goods or services that have been acquired
in the ordinary
suppliers.
Amounts
payable are classified as current liabilities
if payment
is due within one year or less.
as non-current
liabiT5es. Trade creditors are recognised
initially at transaction
price.		 course of operations
from
Ifnot, they are presented
1.8 Leases
Rentals payable
under
operating
leases, induding
any lease incenfives
received, are charged as an expense
on a straight
line
basis over the term ofthe relevant lease.
1.9 Theatre tax relief
Where the company
incurs
qualifying
losses
in respect
of theatre
productions,
the company
has decided
that these
will be
surrendered
for a cash payment
from
HMRC under
the Theatre
Tax Credit regime. The estimated
daims are provided
in the
accounts.
Critical accounting
estimates and judgements
In the application
ofthe charity's
accounting
policies, the trustees
are required
to make judgements,
estimates
and assumptions
about the carping
amount ofassets and liabilities that are not readily apparent
from other sources. The estimates
and associated
assumptions
are based on historiical experience
and other factors that are considered
to be relevant. Actual results
may differ from
these estimates.
The estimates
and underlying
assumptions
are reviewed
on an ongoing basis. Revisions
to accounting
in the periiod in which the estimate
is revised where the revision
afFects only that period, or in the period		 estimates
are recognised
ofthe revision
and future
periods where the revision afierts both current and future periods.

Un rest net ed Restricted Total Unrestricted Restricted Total
furttfs funds funds funds
general general
2021 2021 2021 2020 2020 2020
6 8
Arts Council - Core funding 181,991 181,991 178,703 178,703
Leeds City Council 4,000 6,518 10,518 4,000 4,000
Donations in kind 8,226 8,226
Catalyst match funding 27,139 60,000 87,139
Other donations 121 121 463 500 963
186,112 6,518 192,630 218,531 60,500 279,031

Charitable Chantable
Income Income
2021 2020
5 6
Touring fees (551) 98,819
Services 7,673
Performance
related grants		 45,783 79,580
HMRC furlough grant 31,794
84,699 178,399
Analysis
by fund
Unrestricted
funds - general		 38,916 98,819
Restricted funds 45,783 79,580
84,699 178,399
Performance related grants
Wades charity grant 2,500 2,500
Welcome Trust 4O,0OO
Garfield Weston Foundation grant 'lo,ooo
Foyle Foundation 15,000
DWPAccess to Work 10,080
Sir George Marlin Trust 2,000
Leeds 2023 20,000
Leeds Inspired 1,200
CAF 19,583
Mohn Westlake Arts Trust 2,500
Other
45,783 79,580
Unrestricted Unrestricted
funds funds
general general
2021 2020
2
Interest receivable 673

Unrestricted Unrestricted Restricted
funds funds funds
general general
2021 2020 2020
6 6 6
Fundraiser 2,000
Marketing 48
Salaries 22,977 19,896
22,977 19,944 2,000
? Charitable activities
Charitable Charitable
Expenditure Expenditure
2021 2020
6 6
Depreciation 410
Pre-production costs 7,744 6,562
Production costs 134,231 191,962
Touring costs 29,834 110,375
Travel expenses 86 1,638
Subscnptions 1,636 1,270
173,941 311,807
Share ofsupport costs (see note 8) 75,052 81,440
Share ofgovernance costs (see note 8) 3,973 5,252
252,966 398,499
Analysis by fund
Unrestricted funds - general 181,519 330,263
Unrestricted funds - designated 1,800
Restricted funds 69,647 68,236
252,966 398,499

Support costs
2021 2020
Support costs Governance 2021 Support costs Governance 2020
COSta COSIS
f
Salaries 40,596 40,596 40,808 40,808
Depreciation 521 521 1,446 1,446
Olfice rent and rates 11,663 11,663 10,118 10,118
Telephones
and		 internet 1,345 1,345 944 944
Books, printing and stationery 756 756 613 613
Postage 108 108 171 171
Insurance 3,015 3,015 2,376 2,376
Equipment
and		 ITcosts 2,879 2,879 7,192 7,192
Training 574 574 805 805
Sundry expenses 4,740 4,740 6,379 6,379
Legal and professionalfees 2,730 2,730 2,038 2,038
Finance oflicer 3,859 3,859 4,333 4,333
Business development 2,266 2,266 4,217 4,217
Independent
examiners		 fee 2,490 2,490 4,115 4,115
Annual
report		 1,483 1,483 1,137 1,137
75,052 3,973 79,025 81,440 5,252 86,692
Analysed
between
Charitable
activities		 75,052 3,973 79,025 81,440 5,252 86,692
Independent examiners fees is made up as follows:—
2021 2020
Accountancy fees f1,090 f2,725
Independent examination F1,400 61,390

Employment
costs		 2021 2020
6 8
Wages and salaries 125,528 125,134
Sodal security costs 8,521 9,506
Other pension costs 6,293 6,342
140,342 140,982

Tangible fixed asset s
Musical & Fixtures and Computem Total
Stage gttings
equipment
6
Cost
At 1 April 2020 3,537 14,793 18,779
At 31 March 2021 3,537 14,793 18,779
Depreciation
At 1 April 2020 2,718 449 13,752 16,919
Depreciation
charged		 in the year 410 521 931
At 31 March 2021 3,128 449 14,273 17,850
Carrying
amount
At 31 March 2021 409 520 929
At 31 March 2020 817 1,860
Delrtors
2021 2020
Amounts
falling due		 within one year: 6 6
Trade debtors 661
Theatre tax relief 13,414 33,716
Other debtors 2,590
Prepayments
and accrued income		 6,939 30,821
20,353 67,788

FO R THE YEAR EN R THE YEAR EN R THE YEAR EN DED 3 1MARCH 2021
13 Creditors: amounts falling due within one year
202l 2020
Notes 6 5
Deferred income 14 13,586 47,964
Other creditors 4,320 15,967
Accruals 7,351 4,340
25,257 68,271
14 Deferred income
2021 2020
6 6
Other deferred income 13,586 47,964
2021 2020
6 6
Balance b/f 47,964
Amount released to income in the year (47,964)
Amount deferred in the year 13,586 47,964
13,586 47,964

Balance at Transfem Balance at Expenditure Transfers Balance at
1April 2019 1April 2020 31Nlarch 2021
6 8 6 6 6
Digital fund 8,000 8,000 (1,800) 6,200
Development offuture work 20,000 20,000 20,000
28,000 28,000 (1,800) 26,200

Analysis ofnet assets between funds
Unrestricted Designated Restricted Total
funds funds funds
2021 2021 2021 2021
6 6 2
Fund balances at31 March 2021 are represented by:
Tangible assets 929 929
Current assets/(liabilities) 184,975 26,200 73,252 284,427
185,904 26,200 73,252 285,356
Unrestricted Designated Restricted Total
funds funds funds
2020 2020 2020 2020
f 6 8 6
Fund balances at 31 March 2020 are represented by:
Tangible assets 1,860 1,860
Current assets/(liabili8es) 149,523 28,000 90,500 268,023
151,383 28,000 90,500 269,883

2021 2020
8 8
Within one year 3,580 12,040
Between two and hve years 700 1,400
4,280 13,440