Tyne Theatre and Opera House Preservation Trust
(A charitable coinpany limited by guarant¢¢)
TRUSTEES. REPORT AND UNAUDITED FtNANCIAL STATEMENTS
for the year ended
31 March 2021
Company Tho:
ChHrity no:
03874271
1120746

Tyne Theatre and Opera House Preservation Trust
TRUSTEES ANNUAL REPORT
For the y¢ar ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS
TRUSTEES
I'he TNstKS 5¢rvittg duringlhe year amd sin¢6 the y¢ar etKt w¢r¢ 05 follow5.'
H Ging
I R Harri8
B N Sp¢k¢r OBE DL
G O'Brien
A P Butland
J W Lloyd
M J WilTnOt (Chair)
A V Schoficld
J Rt¢haritson
R l)ougal
J Lamb
J J Dougal
P W ChaTnock (Tesigned 31 Marrh 2021)
LOCAL AUTHORITY REPRESENfA TIVES
Coun¢illor S Rahma
Councillor T Cas1Th$
SECRETARY
H Ging
TREASURER
J Lamb
COMPANY NUMBER
03874271
CHARITY NUMBER
1120746
REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS
Tyne Theatr¢ and Op¢r& House
117 Westgate Road
Ne1¥￿11¢ upon Tyne
Tyn¢ 8T￿ W
NEI 4AG
tNDEPENDENT EXAm￿ERs
RSM UK Tax Accountsng Limit¢d
I St Jomes, Gate
Neivcastle u]Jon Tyn6
NEI 4AD
BANKERS
HSBC
110 Grey Sircet
Newcasue upon Tyne
NEI 6JG
SOLICITORS
Sinrons LLP
The Cub¢, Barya¢k Road
N¢ivcast]e u￿n Tync
NE4 6DB

Tyne Theatre and Opera House Preservation Trust
TRUSTEES ANNUAI. RF.PQRT
For th¢ year ended 31 March 2021
The Trustee5, i¥ho are 21so dir¢rlor5 for thr ptsrp0s¢5 of th¢ Q)mpwii¢s A¢L preserÈtth¢ir r¢[￿rt a￿1
The unaudited fu￿￿¢1a[ sla(¢m¢nts of the chaTity foi th¢year ¢nded 31 March 2021.
LFGAL STATUS
Tyn¢ Theatre and Opera House Prcservation Trust is a registered Charity gov¢med by its Memorandum 8nd
Arti¢le$ of Assocwiion. The 15 limitd by gugranl¢r and is a tegi$tered Choyity. number 1120746.
Company number 03874271.
PURPOSE
To op¢rate. own and r¢5tore the Gr8d¢ I listed ￿￿[￿ue VictorTraD Theatr4 the Tync Theatr6 #t￿ Op¢ra House in
NewcHsdc upon Tyne.
MISSION
A ih¢atre for evtryon
VISION
By th¢ end of the 202Qs to be a refurbith¢d ind¢pend¢nt theatre I￿Sting a variety of ¢￿teTt81￿￿¢T11 and ev￿¢5
with wiik app¢al ID the lo¢&1 community and beyond.
OBJECTIVES OF TYNE THEA'fRE AND OPERA HOUSE PRESBRVATION TRUST
Th¢ objects foi'whicli the Trust ¢stablish¢d aTe'.
a) io acquire, Ttstore at￿ preserve for the benefit of the publi¢ at large the Grade Onc Listed Buildii
known The ryne Theatr6 Op¢ra Hous¢.
b) the advanrxmenl of public cduLatioJ in all gspe¢ts of the d￿MatIc arts by thc pre5¢ntalioTi dtwj
production of play5 and othtr cxpirssions of drattla including the commissiojing of new works and the
Inoun¢ing of publio pcrfoLThan¢e5 and the m()untin8 of ¢188ses. exhibition8 ar￿ demonstrations of
drarnatic arfs and thvul￿ l¢chnology',
¢} the ddvanc¢ment of public education in th¢alr¢ t¢dJnology by the pr&￿iVatIOn, ￿nSerVation atxl
exhibition ofmachinery and technology of th¢ p¢rforming arts and the interpretation of surh art¢fa(
their historical ront¢xl'
d) the advan¢ement of public edu¢ailon in all asp¢¢ts of th¢ 8lt$ including music and musi¢ th¢Atr< drwna,
d¢wL?tive and visual arts, donte, b&llet, circu5, music hall and comedy and vari¢ty p¢rforman¢¢.
OUR VALUES
Welcoming
One Teaffl
Pa55ionat¢ about performance
Collaborating with OUT fotnrnunities
Trueto our herilage
Committed lo sustainability
Innovative and forward thinking
REVIEW OF DEVELOPMENI'S Acrivi'i'ir8 ACHIEVF.MF.NTS
I'he ycar cnded 31 Match 2021 w&8 largely a challenging yeaT for th6 Trust to th¢ impact of COVID-19.
The Theatre was ¢los¢d to audienee5 froni MyTLh 2020, and dut lo Govtmment enforced lockdowns. IheT¢ was a
swiÈficanl rrdu¢iion it) oulreach and fundraising a¢iiviti¢s. Th¢ Trust r¢S￿nded by offering a limil¢d number of
Iivc-.8lrcamed events.
In rcccnt years theoper&ting ohmpany hgs gelleia*d Ix)th sth)ng finan¢ial and operational performance resulting
n con501idatsd ann￿￿[ fmancial surpluses for the Trust alld attracling large audi¢n¢¢ nurnbeis into our histori¢
building. Thi$ had up to this poknt PTOV¢tI th¢ su51aitsabilily of the thcalrc and prov&d¢d soine funding for
reinvegtment into the buildin

Tyne Theatre and Opera House Preservation Trust
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2021
COVID-19 Impact
Dibappointingly. we werc required to close the theatre fn)m March 2020 for thc first time sirtcc the 198S fifc duc
to the COVID-19 UK ttaiional lockdown. This has had a v¢ry significant impact on tht financ¢s of the operating
¢ompttny. The operating company h&$ uiilised th¢ Job Ret¢ntion Scheni& the Bounce Back Loan SchEtn¢ ar
dcf¢rred VAT and PAYE payrnents in order to 511ry1Vf tliis P￿￿(L Th4nkfullyy di¢ upuating company was
aW￿.d￿d a 8rant through the Arts Council's Lknltur¢ R¢wvery l.-Lknd t<)r th¢ period l OctobeT 2020 to 31 M8TGh
2021. All of thi8 tunding has been a Yiial lif¢lith¢ for the Ihearre and the Clllbjre Recovery Fund has allowed it to
stage socially distaTtc¢d ¢v¢nts and helped to fund a busines5 plan rtvirw which giv¥n Cleav direction as we
move outortht pthnd¢mic. Throughout the pand¢mi¢ we h&v¢ hosted online performall¢es.
Ov¢r th¢19s1 s¢veral years, the Trust h35 rclicd hcavily on the performance of the operdting L*mphny tts fvnd the
Th]st's costs and to build reserve5. Given ih¢ itnpact of COVID-19 no ¢oJtribulion$ were received from the
op6rating ￿InpanY in 2021, &lthough re¢¢nt inditrdtiuns suggesl contribution5 are likely to resumE in 2022. The
rrust had built up sUbs￿nti&l cash irseTves prior ID thr imp¥t of the p3ndcmic and so 18 cxpected to continue as
8 8DIiI8 concern foL' the for¢s¢eable fuiure even without 8ny conlribution th¢ operating ¢omp4ny in the n¢oS
future.
Property updst¢
We continue to upgrade th¢ Buditoriuin seats. We hav¢ now upgTaded 60% of seats in the stalls attd Grand Circle
and ive will tontinu¢ this PTOj¢Ct over ihe next few y¢ars &8 w¢ addre59 this imwrtant Df comfort frjr our
audience manbw5.
We are d¢light¢d io have bctn awarded a gran¢ from the Theatres Tru$1 to improve acc¢88Èbility of the the8Ére.
This has b￿￿ US￿ to r¢fvrbish the disabled toilet at the ba￿ of the siilLs and iTttprove Ècctssibility to other
toilets withirt the buildifig.
The l¢ase of the'blue rooms" seeiion of the building to a locel cljarity CaTFL6 to end. W¢ are now ¢xploring
fundingopportuniliw ¢0 red¥velop this gJta to asslst with our ¢haritabl¢ aims. We have b¢en able to itnnicdiately
reopen the link to tliis arca at Gtand Circle lev¢1 in order to r¢instate ihe GetJil¢men'$ toilets at this level.
Tym¢ Theatre & OpEfa House Limlted
Th¢ Trust's subsidiary compafiy* Tyne Th¢atr¢ & Op¢ro House Linjited I'lhc operating company"), Ivas ini(ially
unable to operatc apy live sknws due to the first COVID-19 lockdown. A Small number or￿c￿lS W¢TC lsve
streamed onlin4 and a nurDbeT of socially dÉstanccd events were held towards the end of the ye9r. Th¢ Theatre
fijlly reopened io audiences in July 2021 and mony thows ori8llwlly scheduled during the COVID-19 loGkdvivft
p¢riod have been dtferrd, resulting in a healthy fvttjre p¢rfomiwJ¢e s¢hedul& The operating conipaThy
B¢n¢Yatd turnover of £6,565 12020-. £730,423) 8nd pmfit of f21.490 12020.. £60.618). No gift aid 12020..
£140.370) was paid to the Trust from ihe opcratlTrg company profit&
The exccllertt team members of th¢ operating comp0t)y hav¢ beth 8maxin8 durin8 the pandmiic and it 15 bL'illÈaiit
lo s¢e thern w'eleomlng ¢u$tQJDers into the theatrc again.
Due to the cov1￿19 lockdown, 14 8hows took piaGE iti th¢ y¢ar end¢d M8r¢h 2021 (2020: 211). The operatin8
C4mLpany employed an av¢rage of 114 teArn mtmbers during the year (2020.. 131}, although m¢Ysl staff w¢r¢
placed on fitrlough.
The fitLArt¢ials of th¢ trust and the operating company dre Consolidatcd. Should these results b¢ ¢onsolid&t¢d
they woiild show..
2021
2020
Turnov¢r
Net (deficit) Isurplus
71,775
169.974)
8J3,299
72,594
Tyne Th￿tre PToductltyM$
A prodllction Df RENTw&s Élliti&lly plawi¢d for March 2021 b￿t has now bc¢n d¢ferr¢d to m￿￿h 2022 du¢ to
the impact of COVID 19. The Tyne Theatre Produclton& letmi h8ve h6Jd a numbcrofonliA¢ events.

Tyne Theatre and Opera House Preservation Trust
TRUSTEES ANNIJAL REPORT
or the year ended 31 March 2021
CoThmunlty and fundrgtstng
The Trust Gontinued lo ttdd a resroration dollation pertick¢t which ha5 been very sucC￿r￿1 in raising vital fvnd5
lo restore the theatre.
Wc T￿W have 84 n8rned Scats iij the auditoriwn and So"fri￿ds, memb¢rship&
I'ours ivEr¢ sU5p￿ded duriÈ)g Ihc Theatre closure. During lockdown ive fLI]n¢d a Ghtsst Lighi Tour which wa5
Posted to You Tubc in July 2020. Live tours restarted in July 2021. These tnclude publiE group and Heritage
0￿￿ Day tours.
Duri#g the year, Iht theatre produced s¢v¢ral s¢ri¢s of liv¢ stream¢d ¢v¢nts from th¢ tkeatr¢'s Bistro b8r in
¢0112boration with lo￿1 rT￿lat]cE arttsts and event induslry pror￿S1onals. raising filnds for the Tyne Theatre &
Opera House Preservation Trust and oih¢r rhariti¢$ in¢luding Th¢ A¢¢tsrs' Benevol¢n¢ Fund. th¢ NHS and th¢
Royal Briiish ttglon.
A $uc¢essful Crowdfutjder can]paigTh was und¢rt¥k¢n as a part of th¢ national #Sav¢OurTh¢atr¢s ¢ampèign.
which i'ai8ed a total of £10,192.
Thc Trust continue to be Intmbers ofiocal working group5 seekillg the dcvclopmentof the city atMI promotion of
Jrt5 and ¢duc8tion in the region.
PUBLIC BENEFIT
Thc Trust's a¢iivitie$ wntinue to develop and foGus on the preservation of thB GTade Lisltd theatre fot the
¢nioyment of the publi¢.
The Tru5tC¢5 hav¢ had r¢gard$ to the Charaty Cornmi5sion guidance on publiG ben¢fit.
GOVERNANCE
Thc Trusl IJ88 to have six full board m¢¢tin8s p¢r ivilh d¢lewdted ¢ommittees and smaller WOrku￿ groups
meeting a5 and whm r¢quir¢d.
RECRUITMENT AND APPOINTMENT OF TRusfEES
The directors of lhc compotw ar¢ also chai'ity Tru8tees for the PULyoses of chariiy law and appoirfed as sy¢h
under the rcquirements of th6 M¢mor8ftdum and Articles of Association. In accordance wilh Article5 of
Associatson. new aP￿l￿tMentS are subjectto confirmation at th¢ Anouol General M¢eAing of the Company.
TRUSTEE tNDUCTION AND TRAtNtNG
1rustee5 given appropriat¢ indu¢iM>n on appoiniment and will be PTovide41 wlth A¢C¢SS approprfaie ¢r8i*ing
uring their appointment to the board.
riNANCIAL REVIBW
The total in¢orne ihis year wa8 £65,210 {2020- £243,246) and Ihe n¢t mov¢m¢nt in Funds was1£91.464)12020-
£152,346). Th¢ ¢xpettditurt Dtt iaisÉng fund5 Wk15 £2,841 (2020.. £7,826) and clwiithle ¢xpendiiur¢ was
£153,833 (2020: £83,074).
At Jl Marth 2021. the Tn]st h8d fr¢¢ Irs¢rve8 of £218,373 (2020: £317.419) (excluding fixed a85els). After the
year the Trt￿l re¢eived no fijrther gift atd payments from Tyne Theatre and Op¢ro Hous¢ Limit¢d12020.'
£nil).
The Trnst has previously widerlaken to budgd for a1￿Ual surplu$ lis operating a¢¢oun¢ in order to build
fmancia] reseives to amelioTate the financial risks a5sociaied W￿¢h loss of tenants or other operational iTApacts on
it5 f￿anCial $e¢urity and lo act &8 seed thnding foT th¢ resto￿l0￿ Dnd dev¢lopm¢nt programm& Although th
Trust has had to utslis¢ 11$ reserves in the last fInancial y¢#r, the Trust ¢xpe¢is to budget for annual surplus in
th¢ financi21 year ended 31 M8rrh 2024.
INVEsfMENf POWERS AND RESTRIcfioNS
In furtlier8n¢¢ ot the atorem¢ntioned objtcts but not furth¢r or oth¢rwis¢ th¢ TnEst shall hav¢ the pow¢rs as
detailed within th¢ Memorartdum of Association.

Tyne Theatre and Opera House Preservation Trust
TRUSTEES ANNIIAI, REPORT
For tELe year ended 31 March 2021
GOtNG CONCERN
The Trusiets are salisfird that th¢ Charity is able to op¢rate for the foreseeable fi]ture, on the basis of reserve
balJn¢e5.
RJSK MANAGEMENT
The Trust has identif1￿ ky ri5k5 as follow8 and developed a management pian to 8meliorate th08e risks..
Sever
High
Risk
eM¢￿t ArtiLbn$
Licence to op¢rate is in place with pepperthrn rcnt.
Reliance on annual swplu5Es from th¢
opeialin8 company for financial
sustainabklity
Better than anlicipal¢d financial perfomiance to
date by tke optrraling company iyhieh makes
reg￿laT contrÈbution5 to thc Trust.
ID th¢ pgnd¢ttLiC pBriod il may tskn some time
for ihe operaling cotnpaay lo rcach its norjnal
oper4ting PBI'furtnance and make subsiatttial
contributions to the 'l'rust. 'I'h¢ 'l'rust l5 aclÈvc in
tlmdi?ising aciiviii¢$ w bridge the gap.
Los5 of thth lic¢[￿ or limitaiion on
usage.
M¢dium
D¢v¢lop improved re1￿l0j￿1IpS with SUJTOUtMling
n¢ighbouTS.
Maintain and ￿P￿dde h￿1th y￿d s&f¢ty poliries.
roi*dures and infraslructWE as a
riate.
Numcrotts fiJt)draisin8 ineomc strc8ms are in
operatiott. including TY￿ Th¢alr¢ Production
rE51oralion levy on Itckels, friends income, name a
scat incom¢, collection bucket5 in (he thralr6 0￿d
th¢ Theatre's Trtjst Kickstgrter scheme.
Routine maiDtenon¢¢ and r¢gular ¢hecks ￿ carried
out.
Limited futJdr&tsin8 opporlunities for
niajoi. refvrbi5hment of theatr
Medium
Majo¥
mainienatsce
emergency
requirement discovcred thethcatre.
High
A prOgr￿ikn¢ of ¢api181 ¢xpeNliiure and iEpairs
continues to evolv¢ to ensure lugh priol'ity
uir6m¢nts are addres$¢d on a cfyse b
¢gs¢ basis.

Tyne Theatre and Opera House Preservation Trust
TRUSTEES ANNUAL REPORT
For the year ended 31 Matrh 2021
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Th¢ Tru$t¢¢s, who are also the dir¢ctOTS of Tyne Th¢alr¢ and Opera Hou5¢ p￿serVation Trust for ih¢ purp05E5 of
company law, are responsible for preparing the Tn]stees' Report and Ilje fIn￿}cial statements in accoj'dance ivslh
kppl1￿b1¢1oW ond United Kingdom Accounting StaT￿￿￿5 (UTrit¢d Kingdom G¢ncTally Acrrpid Arrounling
PractLcel.
Company law requires the ¢harity Trustee8 to prepare firwicial ststemenis for each y¢ar which give 8 true and
fail. view of th¢ slat¢ of affairs of the ¢h&ritable company and of the incomtng resources and application of
soutK5, in¢luding th¢ incomc and ¢xp¢nditUFf. of the chal'jtable ¢ompany foi. thaty¢ar
Ill PTcparing thr financiÈl ststements. the fiust¢¢s required to..
select suitable accounting poli¢i¢s and ihen apply ib¢m ¢onsist¢n¢ly:
obKrve the B)¢thi)&% ortd principle8 in the Charitics SORP.
make judgements ai?d e5timatr6 th&t ar¢ re850n•bl¢ oDd prudent..
Blate whether applirTible UK accounting stsndatds have bttn followed, 5ttbject to any material
d¢p8rniiEs disclosed and explained in thE financial statemertt*', and
prepare th¢ fiDattcial statements on the going concern basis ull1￿ it 15 inappropriate lo pre8urne thatthe
chority will continue in op¥r?tion.
Th¢ Tnjstees are irsponsible for k¢epSng proper accounting recoft18 thai disclose ivith reasonable accuracy at any
tlme tli¢ finat)¢ial posiiton of the charitabl¢ company and ID ¢nabl¢ thEm lo ensure Ihat thr fIT￿nCIal statements
comply with the Companies Act 2006. They are also rcswjnsible for safeguardillg the assets of the charilable
company and h¢n¢e taking I?￿nable Steps for the pr¢v¢ntiory and d¢t¢ttion vf frwd and Dttxer irregtslBTiti¢s.
Thr Trust¢48 are re5ponsibl¢ for the m8in1¢Jwi￿ and inieErity of th¢ ¢orporate 8nd fiA￿Cial inforn)ation
included on the ¢hariiable company's website. Lrgi¥lation in ¢h¢ Unil¢d Kingdum governing tht pr¢parntion and
dissemination of fiiwicia] statements m8y dstTer from leEl51ation in othey jurisdictions.
INDEPENDENT EXAMINER
A resolution to rtrappoint RSM UK Tax and Aceounting Limit¢d Indepentht Examiner for the ensuing year
will bc Proposed at the forth¢oming annual gEneral meeiing.
SMALL COMPANY PROVISIONS
This report has becn prewed in a¢cordance with the provL8ions applicablc to coinpanies et)titled to the small
¢vThpani¢s' exetnption.
On behalf of th¢ Trustecs
M J Wilmoi
Tr￿Stee
Approved by the on I l November 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TYNK THEATRE AND
OPEIL4 HOUSE PRKSERVATION TRUST
I to the 11115teE5 on my ¢wnination of the accounts of the Tyne '[h￿tre and Opera Housc PrGwvation
Trust for the year elided 31 March 2021. whi¢h are set out on pages 8 to 18.
R¢spoDslbilitie5 And bAs15 of r¢porf
As the mjstees of the company (and also its directors for the purposes of ¢ompany lawl you are r￿ponsIbl¢ for
thepr6pai?lioD of the acLxiunts in aCK0rdat￿¢ wilh the JYquireJnents of the Cotnpani¢s A¢t 2006 {'the 2006 Act,).
Having saitsfied myself that the aecthurtts of the ￿MPaThY T￿t requiTed ¢0 be audited under Part 16 of the
2Q06 Act and at¢ ¢liBible for independent ¢xamioaiion. I r¢port in respect of niy examination ofyour charity's
ccounts as wried out undcr S￿1]0￿ 145 of the Charilies A¢t 2011 {'the 2011 Act'l. In carrying out ffly
examiThaÉion I have followed the Directions giv¢n by th¢ Chwity thmmission under stttlon 145 15)Ib) of the
2011 Ad.
All indcpcndellt examination does ]￿t Tnvolvc gathering all th¢ ¢vid¢nce that would br required in an oudit and
consequefttly does not coyer all the m￿er$ iliat an auditor consiikrs in giving their opinion on the gccounts. The
planning alld conduct of en audit goe8 beyond lh¢ limited as%uran¢c that an Inde￿ndent ¢xaminatioo can
provid¢. Consequcntly. I cxpre55 no opiniDn as to 1vhet1￿r the accounts present a 'ttuG and fair vi¢w' and my
Irport 18 limited to tl?oK $p¢¢ifi¢ matters s¢t out in lh¢ i¥wl¢pelldenl ex￿￿1￿£￿'S statement.
Indeppndext ex•rnin*r'8 $latemeDts
I have mpleld my examination. I confirm thBt no mat¢rial Jnattcrs hav¢ com¢ to my att¢n¢ioJ in connection
with the exaniination giving m¢ reasonable cause ￿ belleve that in any in8(eri21 respect:
ccounliDg recoTds were not kept in of th¢ company as required by scction 386 of th¢ 2006 A¢t,'
or
th¢ a¢counts th not accordwiih those rec4Nds' or
the accounts d(b ntst C￿l￿p]Y with the a¢etsunting reouit¢m¢nts of s¢ctiOFJ 396 of thc 2000 Act othm thon
ny requiremenl that th¢ acc4Junts 8IV¢ 4 'trye and fa￿ vieiv, which 15 Tivt a fflalter tonsidered 8s part of
n ind¢pend¢n¢ exominalion. or
Recommended Pr8¢ti¢e: A¢couThting a￿j Reporting by Charities appliceble to charitie5 PFeparing their
accounts wcordance with the Finan¢io1 Reportin8 Standard applicable in th¢ UK a]]d Ircland IFRS
1021.
I hav¢ no concerns an& have £ome across no other matt¢r$ in ¢onnection with the examinatiOD to which att¢tition
sknuld b¢drwn in thi8 re￿rt in ordcT to ¢nable a proper understath(lingof ih¢ a¢counis to be reached.
Sign￿..
Lu6yFobso
N8m¢.. Lucy Robson
Name of applicable listed body: The Jnstitutc of Chart¢red A¢¢ouJtant8 in Eng]and and Wales
Relevant professional qualification or Jn¢tnh¢T5hip of professional body= Chart¢r¢d A¢¢ow)t¥nt
ON BEHALF OF RSM UK TAX AND ACCOU￿r[NG LIMITED
Chdrtered Accountants
18t Jamcs. Qate
Neivcastle UPDn Tyn¢
NEI 4AD
DATE 17111121

Tyne Theatre and Opera House Preservation Trust
s'rATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING ￿COmE AND EXPENDITURE ACCOUNT)
For the ear ended 31 March 2021
Unrestri¢ied
Funds
Resiri¢t¢d
Ilunds
Total
2021
Total
2020
Nole
INCOME FROM..
Donalions artdl*gaGles
39,607
102
25,501
39,607
102
25,501
12.452
322
230872
Other 1p1c￿me
TOTAL tNCOME
65,210
65.210
243,246
EXPENDITURE ON..
R8iSirtg funds
Charitable aGtiYlties
2,841
153,833
2,841
153.833
7.826
83,074
TOTAL EXPENDrruRE
156.674
156,674
90.900
NBT MOVEMEKf IN FUNDS
15
191,464}
(91.464)
152.J46
RECONaLIATION OF FUNDS
Totsl ti]nds brought forward
'lot&l funds ¢aryi¢d fO￿ard
928,468
928,468
776,122
837,IKk4
837,004
928,468
The Statement of FinanGial Activities inCl￿deS all gains and losses rew8nise41 th¢ y¢8r.
All ittcome expen01￿re derive from the charity'5 Continuing op¢ratiON8.

Tyne Theatre and Opera House Preservation Trust
STATEMENT OF FtNANCIAL POSITION
31 ma￿h2o21
2021
2020
Nolg
FIXE,D ASSETS
Tangibl¢ Assets
Investments
618.629
611,047
iu
618.630
611,048
CURRENT ASSETS
D¢bto
Cash at bank ond in tTrand
60 J18
221,541
69,278
323.581
282.059
392.859
CREDITORS
Amounts falling du¢ within one year
12
{63,6851
(75,4391
NEI. CURRENT ASSETS
218,374
317.420
NET ASSETS
837,004
928,468
THE FUNDS OF THE CHARITY
R¢5trid¢d funds
Unrestrlc￿d funds
Is
Is
837,004
928.468
TOTAL CFIARITY FUNDS
837.004
928,468
The company is ¢ntitled tD th¢ ¢xemption from the &udit requirement contained in s¢¢tion 477 of th¢ Companie5
Act 20116 T¢latitJg to small companie& for thr ended 31 March 2021. No member of the ¢ompfyny has
deposiied a notice> pursuant to seclton 476, requiring an audit of thuc f5nan¢io1 stst¢m¢nts.
Th¢ responsibililt¢$ forensuTing that the tharity keq>s accounting records which comply with section 386of the
Act atyd for Wep￿.ing acrollnt% which giv¢ a true and fair view of the 8tate of affBirs of the company a8 at the end
of the fJnan¢ia] ye8r and ofit5 LnwmiD8 resourcEs and appli¥Jliun ofre&otuces. includsng its income 8nd
¢xp¢nditure, foT the fina￿JaI year in accordw¢e with th¢ requiirmrnls of.%cttions 394 2nd 395 and which
oth¢rwise ¢otnply with lh¢ Tcquir¢ments of the Comparties Act 2006 ￿lating lo accounts, so far as applic&ble to
the ¢ompany.
Thc8e fknancial 8ts¢¢menls were approved and authoL'iS¢d for issue by the Truste¢s on I l Novemb￿ 2021
and ar¢ signed on thelr behalf by:
M J Wilmot
Trustce
Tyne Theatre and Opera H0118e PIYSErvatton Tjust
Ilrgisl¢r¢d Company No. 03874271
J Lamb
Twstee

Tyne Theatre and Opera House Preservation Trust
NOTES TO THE FINANCIAI. STATEMENTS
For the ear ¢ndin
31 March 2021
AcCOuNT￿G POLICIES
BASIS OF ACCOUNTING
These financial statetnents have b¢¢n prepar¢d in I¢￿rdance with "AccountTrttg 82]d Re￿rtIng by
ChaTltie5": Stal¢rneni of Rccommcnded Practic¢ applicabl¢ to charities preparing their a¢couois
accordance with the Financial R¢pc>rting Standard *ppli¢abl¢ itt the UL and Republic of li'eland {FRS 102)
(effective l J&nuary 2015)- (Charities SOIiP (FRS 1021), and the Companies Act 2(￿6.
Tyn¢ Theatre ajid Opera Hou86 Preservwtion Twst is a Charitable Company limited by Guarallle4
rcgist¢¥ed in ￿ng￿lld. The addre85 of the Charity's rcgistered oifict and principal pla¢e of business i& Tytt¢
Theatre and Opeix Hous4 117 Westgaie Rood. N¢w¢astle Upon Tyn¢, Tyne Wear. NEI 4AG.
A8Ms snd liabilities are initSally TetQ8niscd at hisloric&l cost of tr￿18￿Cti0Th vaIue unless otherwi8e stated
n the r¢levaoi a¢¢Ount￿ng policy notc. The fJnwLrial slatem¢nts ar¢ prrp8r¢d in stsrling. whi¢h 1$ the
function81 currency of th¢ thJTity. Monetary amowits are rounded 10 thc nearest £.
In aceordanc£ with FRS102 la$ revised by Update BulletiR I) the Charity not prcKTht¢d a 5tatefflcnt or
G&$h tlows. a$ the Charity is Si￿&11.
Tyn¢ Theatre and Opera Hou$¢ Pr¢s¢rvation Twst meets the defjnition of a public benefit Cntily unthr FRS
102. Th¢ ¢harity extsts for the knefjl of the publÈo through the provision of fa¢ilitic&.
CONSOLIDATION
Th¢ group qualifieB as a Small group and has taken the excmplion under the Companie6 A￿ 2006 from ttLe
r¢quir¢tnent to pr¢pare consolÉdated financial 51alrfft¢nts. CoR5¢quentlys these fin3nciaJ ststemeThts pres¢nt
the financsal position and fjnfjncial p¢rfoirnance of the Company 85 a single entity.
GOtNG CONCERN
FRS 102 Te4uir¢s thaL if appropriate, Ihe Charity's finan¢ia] statem¢ni$ are prepared on the 8offing con¢em
basis. which means that th¢ organisatloll l8 able to op¢raie for th¢ foJEseeable future on the basi8 of known
and reasonable projected r￿UrteS. The Charity ¢oniuJues to Eenerai¢ fvnds fmm rents, donalions and
production5. Th¢rE is suffi¢i¢nt ¢&sh to fwid the Charity's txpenses for the fore5reable future. Ag a
wnscquence. the Triislees beli¢v¢ th¢ aJar£ty is well pl￿ed io manage its busitjess rLSks successti]Ily and
thus Ih¢y hav¢ adopt¢d ¢hc 80ing concern b&8i$ of ac¢owJting in pieparing the finartcial sthi¢menLS.
INCOME
Itjcome is Y¢co8nised in the period in ivhi¢h the Charttable Com￿nY h8$ ¢ntitlem¢nl io the funds, any
condition5 attaGh¢d tD ihe income have bc¢n met. it is probable that the income will b¢ re¢eivcd and ihe
Aniouni ¢an be me8sured ￿liably.
Voluntary incoTh¢ is rtvived by way of 8raThts and donation5 snd is included in full in the
Stalem¢nt of Financial ActiYili¢s ivhen Teceivable.
Invesbnet)t Ol￿rne is included when rE￿1VablE.
R¢Dlai 5￿Come is recorded wlKn it i5 r¢cclvabl
Incoming resources f￿M grants, where related ¢0 p¢rlorn&nce 8nd Spec￿rIe deliverables, aye
accounted for as the Charity e4ms the right to consid¢ratioll by its perftsrn1a1￿e.

Tyne Theatre and Opera House Preservation Trust
NOTES TO THE FINANCIAL STATEMENTS
For th¢
ear ¢tLdin 31 March 2021
ACCOUNTtNG POLICIBS (¢ontimied)
PUNDS AcCOuNT￿G
FuThJs held by the Charily are 6ith¢r:
u￿r￿triCted gen¢ral funds
Thes¢ are fund5 which ¢oD be used in acCOrdall￿ with the charitable objects at thc dTrs¢retion of th¢
Tru5te¢5.
R¥5tyiGt¢d funds
These are fijnds that ¢an ¢)nly be uscd for PBrticuitr restrictcd purposes within th¢ obj¢cls of lh¢ Charity.
R&%tricliot)S 8ris¢ when sp￿Ifted by Ihe donor or when funds ar¢ raised for rArti¢ulèr It￿rICted
purpose5.
EXPENDITURE
Expendilur¢ is all cansidered as exp¢Nliiwe on ch&rit&ble activities. r.xpN￿ltUr¢ is r¢c4wJiscd oncethcre
legal or construGtiv¢ ol>liga¢ion to make a paym¢thi tsi a third paty,. ht is probabl¢ that s¢ttl¢m6nt will b¢
requiitd and Ihe amounl of the obligation e&n be measured ￿lIablY.
Resourcts ¢xp¢nd¢d or¢ included the StatemeDt of Financial Activities on accruals exclusiv¢ of
VAT. They include:
Charitttblc expcaditULE ¢ompris¢s Iliose costs tncuTred by the Chwity i¥ th¢ delivery of its
aotivities and s¢rv*¢es for its ben¢firiari¢s. li includts bolh costs that can b¢ allocated dir¢ctty to
such activities and tlK)s¢ costs of an indireGI nature nc¢usary to support them.
Governance costs in¢lude those costs as8ociat¢d with th¢ m¢¢ting th¢ wns1itutionaJ 8￿d 51atutory
T¢quir¢m¢nts of the ChaTity and incltsdc accountancy fees aRd costs Isnked to the strategic
m2tta8¢ment of the Charity.
All cost8 are allo¢ated between thc cxp¢nditur¢ ¢ateg0ri¢3 of the Statement of wIT￿n(la1 Activiti¢5
tsn a basis designed to T¢flect thc usc of the r&80uJre. Co$ts r¢laiing lo a particular activity are
alloc&ted dire¢ily. oihers aTC apportlDned based on staff tim¢ acro55 PTOjECt worK genw#ting
funds ond goveimance.
TANGIBLE FIXED ASSETS AND DEPRBCIAfioN
Tw]gible fixed asset5 costing £50 or more ar6 rapit4lis¢d. Tangibl¢ fix¢d a$8ets are initb#lly measured ai
costand subwu¢ntly measured ￿ cost le88 accumulated deprecÈation and ￿¢Umulated impairn)ent10sse8.
DepreGj&tion 1$ provided tsngtbk fjxed assets other th￿￿ fre¢hold lond and buildin8B, at rates calculated
so as to write off the ¢o$t of an 853e(1¢55 its estimÈtcd residual value. overth¢ e¢oTh)mi¢ life of thal
1155tt &5 ftsll<)ws:
Fixlures and fittiiJgs- 15% reducing balo
Buildings not (kpreciated &5 lh¢ ¢stimatrd residual value 18 greater the net book value.
Subsequent Gosts, including rq)lacem¢nt paEts are capitali%ed only when it 15 probabl¢ Ihat su¢h costs will
g¢nEratt ￿ture economi¢ benefjts. Arhy T¢plattd port5 or r¢mainiJ8 e4Trying amounts are Ihen
del￿ognIsrd. All othei. costs of repairs and maintcnance ar6 cha￿¢d ￿ the Sta*ment of Financi41
Activili¢s a8 in¢urr¢d.

Tyne Theatre and Opera House Preservation Trust
NOTES TO THE FINANCIAL STATEMENTS
Forthe
Qar ¢ndin
31 March 2021
ACCOUNTING POLICIES (COllflrt￿edj
rNVESTMENTS
Inv¢8tments are stated ai c4)sl less any provision foT diipinulion in value.
FINANCIAL INSTRUMENTS
Th¢ Chavity has ¢lect¢d to &pply the rffovisions of Section I I "Basie Winanciol IDstrnJm¢nts" of FRS102, in
full to all of its fTrnan¢ial instruments.
All of the ch￿ity'S finan¢ial assets snd fir￿)¢1￿1 liabilities qualify &8 bg3ic finattcial Instrumen￿ Basic
rinancial instruments are initially r¢¢ogniseAI at tran$adion volue al￿ subsequently mea4wed at th¢ir
8ettlem¢nt value.
DEBTORS
Trade atst otherdebtors arc reixbgn15ed at th¢ settlement amounL
CASH AT BANK AND JN HAND
Cash at bank and hatjd inclTMtcs cash in hand and dep)sits held at call with bank&
CREDITORS
Cr¢ditoJs are re￿g￿lSe￿ where the Charity ha8 a pre5cnt obligation rc5ulting froEll a past ¢v¢nl that will
probably reBuIt it] the transfer of all fu]M]s to a ihird p8ily and ihe amotsnt due to settle the obligation Can bc
e4sur¢d or estimated reliably. CTEditOT5 arc TU)rmally ￿rOgniSed at th¢ir $¢ttl¢mcn¢ amount.
CRITICAL ACCOUNI'ING ESTIMATES AND AREAS OF JUDGEMENT
E5timat¢s and jlldgemen18 ar¢ Continually ¢YaiuAied wjd are based on historical experience and other
f8Ctors, including ¢xpectalion of fjJiuTe cvtnts that aTe b¢li¢ved io be r¢gsonable undeT circuin5tartres.
DONATEONS AND LEGACIES
Unrestricted
Fund5
Restricted
Fut￿5
Totsl
2021
Total
2020
Do[￿tiONS
Grants
22.831
16.776
22,83 I
16,776
12,452
39,607
39.607
12,452
Th¢ inwme from donations and leEacies was £39,60712020: £12,452) of whtch £39,607 (2020.. £12,452)
was unre8tri¢t¢d and £nil (2020- £nill w95 ￿$tri￿ed.

Tyne Theatre and Opera House Preservation Trust
NOTES TO THE FtNANCIAI. STATEMENTS
For the
ear ¢ndin
31 ma￿h2O21
JNVESTMENTS
Unirstricted
Funds
Rcstricted
Funds
Toto]
2021
Total
2020
Interest re¢eivoble
102
102
322
The incomE from ittv¢slm¢nts w&8 £10212020.. £3221 of which £102 (2020: £322) was unrestricted.
OTHER INCOME
Unrestri¢ted
Funds
R¢stri¢t¢d
Fund
Tot81
2021
Totsl
2020
R¢chaYges of insurance and oth¢r
costs
Produ¢tion s¢ttlemetLts
Theatre IOUTS
R¢nlal in¢ome
GÈft#id
Dtlapidation5
18,074
1.126
1,224
1.355
3,722
18.074
1,126
1.224
,355
3.722
9,364
36,096
2.354
11,988
141,283
29.387
25,501
25,501
230,472
Oth¢r inwmc was £25.501 {2020- £230,472) of whi¢h£25,50112020.. £230,472) was unr&%tt'icted.
EXPENDITURE ON CHARITABLE Acf(VlTIES
Unrestricted
FuThd8
Restrict
FuTTrds
Total
2021
Tothl
2020
SalaTle6
Prof¢sSiODal f¢¢$
Rent and l'ates
Light and heat
Insurance
Rcpairs and ma2nt¢D&n¢e
Printing, postag¢ and 51atiottcry
Cl¢ening
Sundrie8
'relEphone
Mhoa8em¢ni eharges
Bank charges
D¢preci41ion
AccountsTrcy fcc5
35,474
2.798
2,117
1.166
61,544
44,335
872
333
35,474
2.798
2,117
1.166
61.544
44,335
872
333
4.751
10,370
2,647
38,055
21,414
183
449
605
661
(402)
(10)
2,445
2,500
661
(402)
(10}
1445
2.5(N)
1.950
2,650
153.833
153,833
83,074
Expenditure on chwitsblc aclivities ivas £153,833 (2020: £83,074) ofwhich £153,83312020.. £83,074) was
unrestri¢t¢d 8nd £nil {2020.. thil) wos r¢stri¢ted.

Tyne Theatre and Opera House Preservation Trust
NOTES TO TFIE F￿ANCIAL STATEMENTS
For the
ear endin 31 March 2021
co&rs OF GENERATING FUNDS
Tota]
2021
Total
2020
Productton costs
Fundraising ¢osts
7,716
iio
2,841
2.841
7.826
Costs of generating fuTMLs wa5 £2,841 (2020- £7,826) of which £2,84112020: £7,826) was unrestri¢ted.
NET MOVEMENT tN FUNDS
ThEs is 51alEd aft¢r ¢hargiDg'.
2021
2020
Battk inleresi receivable
Rcmujeration paid to RSM UK Tax A¢u)unting Limited:
Independent examination
AoLuunting 5¢TVlCts
D¢preciatiott of owned fixrd sssels
(1021
(322)
1,250
1.250
2,445
1,350
1,30
1,950
TAXATION
Th¢ is ¢xempt from fax on itKome and gaiDs fallipg iviihÉth Seuion 505 ofihe T￿e8 Act 1988 or
Section 252 of the TaKatKon tsf Ch8r8¢able Oains Act 1992 to the extent that thes¢ ￿ applied to its
haritablB objccts.

Tyne Theatre and Opera House Preservation Trust
NOTES TO THE FINANCIAI, STATEMENTS
For the
ear ¢ndin
31 March 2021
TANGIBLE FIXED ASSETS
Fr¢¢hol(I
buildings
Fixiur¢s
fitting8
Total
Cost
At l April 2Q20
Additions
600,000
22.215
10,027
622.215
10,027
At 31 M8rch 2021
600,0¢)0
32,242
6J2242
tkpreci8tion
At l ApTiI 2020
Cliarge forthc year
11,168
2,445
11,168
2,445
At 31 Mar¢h 2021
13.613
Net book value
At 31 March 2021
600,000
18,629
11,047
618,629
611,047
At 31 MaLKh 2020
600.000
All tangible assets are h¢ld for clHritable purposes.
10 INVESTMF,NTS
Shares in
Subsidiary
undeFtsking
Co8t
Ai 31 March 2020 and 31 Mar¢h 2021
Net book vs]y¢
At 31 2020 and 31 M8rch 2021
The Charily is a small 8roup thjd 8s such is excmpt fi'om pr¢pBrin8 LX)nsolidated accounts.
Subsidlary und¢rtakinE
Cofftpany number
Prin¢ipal a¢livity
Tyne theatre & Opera
Hou% LKmited
09330825
Th¢ operation of a theatr

Tyne Theatre and Opera House Preservation Trust
NOTES TO THE FINANCIAL STATEMENTS
F'or the
ear endin
31 March 2021
I I DEBTORS
2021
2020
Trad¢ d¢btors
Other debtors and pr¢paym¢nts
3,661
65,617
60,518
60,518
69.278
12 CREDJTORS: Amounts Falling duewithin one year
2021
2020
Trade creditors
A¢¢ruals aod deferred income
T￿¢& and Social secui'ity
60,RRO
2,805
66,465
7,229
1,745
63.685
75.439
13 FJNANCIAL INSTRUMENTS
2021
2020
Financial assets m¢b8ured at amorti8¢d cost..
Equity inséNmcHts Il com less imp8irm¢nl
7,669
FiEJan¢ial liabiliis¢s m¢48ured at amortised cost..
63,685
73,694
14 DEFERRED INCOME
2021
2020
Balance at l April
Amount8 released to incoming r¢sovw¢s
Amounts def¢rr¢d in the year
5,083
(5,083)
alan¢¢ a¢ 31 March

Tyne Theatre and Opera House Preservation Trust
NOTF.S TO THE FtNANCIAL STATEMENTS
For the
ear endin
31 March 2021
15 ANALYSIS OF CHARITABLE FUNDS
Asat
l Apr 2020
Agat
Expenditure 31 Mar 202
ItKome
irNRESTRJcfED FUNDS
General
928.468
65,210
(156,674)
837.004
RESTRICTED FUNDS
TOTAL FUNDS
928.468
65,210
(156,674)
837.004
Asat
Apr 2019
Asat
Ex￿￿titU￿ 3 1 Mar 2020
Income
UNRESTRICTED FUNDS
G¢ncrn
776,122
243.246
(90,900)
928,468
RESTIUCTED FUNDS
TOTAL FUNDS
776.122
243246
{90.9001
928,468
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS
2021
Net curr¢rat
assets
Fixed assets
Total
Unr¢stricied income fi]nd8
618,630
218,374
837,004
618,630
218.374
837,004
2020
Net ¢urtent
Fixed as8ets
Total
ur￿¢Stricted in¢om¢ funds
61 1.048
317,420
928,468
611,Q48
317.420
928,468

Tyne Theatre and Opera House Preservation Trust NOTES TO THE FINANCIAL STATEMENTS For the year ending 31 March 2021 

## 17 COMPANY LIMITED BY GUARANTEE 

The Charitable Company does not have a share capital and is limited by guarantee.  Each member of the Charitable Company undertakes to contribute to the assets of the Charitable Company, in the event of it being wound up such amounts as may be required will not exceed one pound. 

## 18 RELATED PARTY TRANSACTIONS 

The charity had the following transactions /balances with related parties: 

||||Debtor/(Creditor)|balance at|
|---|---|---|---|---|
||Income/(Expenditure)||year-end||
||2021|2020|2021|2020|
||£|£|£|£|
|Tyne Theatre and Opera House Limited|18,074|149,734|-|(27)|
||_______|_______|_______|_______|



## 19     VOLUNTEERS 

“The Charity places great value on the contributions that volunteers make to the organisation. We benefited greatly not only from the considerable time, energy and expertise given by the Board of Trustees, but other volunteers as well, including assistance with repairs and decoration of the theatre building.”