## ||||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|||| ## ## ## ## ## ## ## ## ## ## |||Ia0|||O
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Cl| ## ## ## ## ## ## ## ## ## ## |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|