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2023-03-31-accounts

Key Risk Key Risk Severity/Impact Risk Management
Actions
Reliance on annual surpluses High A licence
to
operate
is
in place		 with
from the operating company peppercorn
rent.
for financial sustainability
Better
than
anticipated
financial
performance
to
date
by
the
operating
company
has been observed.
To
reduce
reliance
on
the
operating
company,
the Trust
is active
in its		 own
fundraising
activities.
Loss of theatre license or Medium Continue
to develop and expand
limitation on usage. relationships
with surrounding
neighbours
and cominunities.
Maintain
and upgrade
health and safety
policies, procedures
and in&astructure		 as
appropriate.
Limited fundraising Medium Numerous
fundraising
income streams		 are
opportunities for major in operation,
including
Tyne Theatre
refurbishment oftheatre. Productions,
restoration
levy on tickets,
friends incoine, name a seat income,
collection buckets in the theatre and the
Theatre's
Trust Kickstarter scheme.
The Trust is also successfully
working
with athird-party
consultant
to identify
grant funding
opportimities
aligned to
buildin
-related
ro'ects.
Major maintenance emergency High Routine maintenance
and regular checks
requirement discovered in the are carried out.
theatre.
A programme
ofcapital expenditure
and
repairs continues
to evolve to ensure high
priority requirements
are addressed
on		 a
case-b -case basis.

Unrestricted Restricted Total Total
Funds Funds 2023 2022
Note
INCOME FROM:
Donations
and Legacies		 18,515 172,815 191,330 117,701
Investments 461 461 60
Other trading activities 1,337,763 1,337,763 859,120
Other income 2,004 2,004
TOTAL INCOME 1,358,743 172,815 1,531,558 976,881
EXPENDITURE ON:
Raising funds 269,676 269,676 133,719
Charitable
activities		 896,679 71,519 968,198 693,058
TOTAL EXPENDITURE 1,166,355 71,519 1,237,874 826,777
Taxation (967) (967) 13
NET INCOME/(EXPENDITURE) 191,421 101,296 292,717 150,117
TRANSFERS BETWEEN FUNDS 68,326 (68,326)
NET MOVEMENT IN FUNDS 19 259,747 32,970 292,717 150,117
RECONCILIATION OF FUNDS
Total funds brought forward 1,051,634 1,051,634 901,517
Total funds carried forward 1,311,381 32,970 1,344,351 1,051,634
2023 2022
A'ote
FIXEDASSETS
Tangible Assets 12 689,930 626,657
689,930 626,657
CURRENT ASSETS
Stocks 14 20,500 14,634
Debtors 15 179,389 302,115
Cash at bank and in hand 796,425 321,670
996,314 638,419
CREDITORS
Amounts
falling due within one year		 16 (317,261) (179,844)
NET CURRENT ASSETS 679,053 458,575
TOTAL ASSETSLESSCURRENT LIABILITIES 1,368,983 1,085,232
CREDITORS
Due after one year 18 (21,734) (31,667)
PROVISION FOR LIABILITIES 23 (2,898) (1,931)
NET ASSETS 1,344,351 1,051,634
THE FUNDS OF THE CHARITY
Restricted
funds		 19 32,970
Unrestricted
funds		 19 1,311,381 1,051,634
TOTAL CHARITY FUNDS 1,344,351 1,051,634

2023 2022
Note
FIXEDASSETS
Tangible Assets 12 677,059 618,932
Investments 13 1 1
677,060 618,933
CURRENT ASSETS
Debtors 15 101,174 186,274
Cash at bank and in hand 372,897 143,097
474,071 329,371
CREDITORS
Amounts
falling due within one year		 16 (46,592) (25,590)
NET CURRENT ASSETS 427,479 303,781
NET ASSETS 1,104,539 922,714
THE FUNDS OF THE CHARITY
Restricted
funds		 19 32,970
Unrestricted
funds		 19 1,071,569 922,714
TOTAL CHARITY FUNDS 1,104,539 922,714
2023 2022
Notes
Cash flows from operating activities
Cash generated
from operations		 25 567,635 62 899
Net cash inflow from operating
activities		 567,635 (62,899)
Investing
activities
Purchase oftangible
fixed		 assets ~82,947 (3,927)
Net cash used in investing activities (82,947) 3,927
Financing
activities
Repayment
ofloans		 ~(9,933 (8,333)
Net cash used in financing activities (9,933) (8,333)
Net increase in cash and cash equivalents 474,755 (75,159)
Cash and cash equivalents at beginning ofyear 321,670 396,829
Cash and cash equivalents at end ofyear 796,425 321,670

Unrestricted Restricted Total Total
Funds Funds 2023 2022
Donations 16,015 16,015 17,469
Grants 2,500 172,815 175,315 100,232
18,515 172,815 191,330 117,701

3 INVESTM ENTS
Unrestricted Restricted Total Total
Funds Funds 2023 2022
Interest receivable 461 461 60
4 INCOME FROM OTHER TRADING ACTIVITIES
Unrestricted Restricted Total Total
Funds Funds 2023 2022
f.
Rechargcs ofinsurance and other
costs 6,660 6,660 4,583
Production settlements 47,123 47,123 26,368
Theatre tours 871 871 859
Preservation
fees		 52,533 52,533 10,657
Rental income 1,179
Other revenues 13,341 13,341 7,933
Ticket postage 611 611 344
Settlement recoveries 86,581 86,581 42,943
Ice cream sales 33,067 33,067 18,403
Tuck shop sales 55,662 55,662 65,902
Bar sales 372,098 372,098 143,489
Show income 354,010 354,010 220,291
Settlement hire fees 172,636 172,636 78,443
Eventim charges 86,037 86,037 44,207
Marketing recovered 36,427 36,427 13,086
PRS fees recovered 20,106 20,106 7,169
Insurance settlement 173,264
1,337,763 1,337,763 859,120
Unrestricted Restricted Total Total
Funds Funds 2023 2022
Gift aid 2,004 2,004
2,004 2,004

6 EXPENDITURE ON EXPENDITURE ON CHARITABLE CHARITABLE ACTIVITIES
Unrestricted Restricted Total Total
Funds Funds 2023 2022
DIRECT COSTS
Salaries 597,351 23,913 621,264 411,154
Pension costs 9,194 9,194 7,934
National
Lottery		 heritage fund
charges 39,181 39,181
Architectural
heritage		 fund 8,425 8,425
Total direct costs 606,545 71,519 678,064 419,088
SUPPORT COSTS
Stafftraining 718 718 308
Professional
fees		 17,327 17,327 59,098
Travel 254 254 120
Rent and rates 3,005 3,005 22,009
Light and heat 63,719 63,719 37,067
Insurance 63,967 63,967 68,703
Repairs and maintenance 56,385 56,385 40,647
Printing,
postage and		 stationery 3,175 3,175 1,485
Computer
running		 costs 12,361 12,361 7,499
Cleaning 13,974 13,974 8,996
Sundries 680 680 446
Subscriptions 1,387 1,387 779
Telephone 1,307 1,307 1,361
Advertising 4,197
Hospitality 19
Meeting costs 364 364 116
Bank charges 10,626 10,626 6,799
Depreciation 19,674 19,674 6,131
Governance 19,033 19,033 7,190
Interest payable 1,000 1,000 1,000
Bad debt 1,178 1,178
Total support costs 290,134 290,134 273,970
896,679 71,519 968,198 693,058

Analysis of governance
costs:
Total Total
2023 2022
Accountancy fees 9,283 7, 190
Audit fees 9,750
19,033 7,190
7 COSTS OF GENERATING FUNDS
Total Total
2023 2022
Fundraising costs 17,194 69,257
Bar stock 203,243 44,207
PRS Fees 20,106 7,169
Advertising 29,133 13,086
269,676 133,719
This is stated after charging:
2023 2022
Bank interest receivable (461) (60)
Remuneration paid to Ribchesters Group Limited:
Audit fees 9,750
Remuneration paid to RSM UK Tax and Accounting Limited:
Independent examination 1,350
Accounting services 9,283 5,840
Depreciation ofowned fixed assets 19,674 6,131
Group Charity Group Charity
2023 2023 2022 2022
Theatre staff 72
Charity staff 2
74

Group Charity Group Charity
2023 2023 2022 2022
Wages and salaries 593,594 391,994
Social security costs 27,670 19,160
Staff defined contributions pension costs 9,194 7,934
630,458 419,088

TANGIBLE FIXEDASSETS
Group Freehold Fixtures &
buildings fittings Total
Cost
At 1 April 2022 600,000 68,579 668,579
Additions 82,947 82,947
At 31March 2023 600,000 151,526 751,526
Depreciation
At 1 April 2022 41,922 41,922
Charge for the year 19,674 19,674
Disposals
At 31March 2023 61,596 61,596
Net book value
At 31March 2023 600,000 89,930 689,930
At 31March 2022 600,000 26,657 626,657
TANGIBLE FIXEDASSETS
Charity Freehold Fixtures &
buildings fittings Total
Cost
At
1 April 2022		 600,000 35,559 635,559
Additions 71,186 71,186
At 31March 2023 600,000 106,745 706,745
Depreciation
At 1 April 2022 16,627 16,627
Charge for the year 13,059 13,059
At 31March 2023 29,686 29,686
Net book value
At 31March 2023 600,000 77,059 677,059
At 31March 2022 600,000 18,932 618,932

Group Charity Group Charity
2023 2023 2022 2022
20,500 14,634
20,500 14,634

Group Charity Group Charity
2023 2023 2022 2022
Trade debtors 138,062 56,453 85,288 3,654
VAT recoverable 1,009
Other debtors and prepayments 41,327 44,721 215,818 182,620
179,389 101,174 302,115 186,274

Group Charity Group Charity
2023 2023 2022 2022
E
Bank loan 10,000 10,000
Trade creditors 149,248 12,914 71,557 7,626
Accruals and deferred income 125,741 30,384 74,143 16,409
VAT 13,391 3,294 1,555 1,555
Other creditors 18,881 22,589
317,261 46,592 179,844 25,590
17 DEFERRED INCOME
Group Charity GrouP
2023 2023 2022 2022
E
Balance at 1 April 38,466 48,251
Amounts released to incoming resources (38,466) (48,251)
Amounts deferred in the year 52,525 38,466
Balance at 31March 52,525 38,466
Group Charity Group Charity
2023 2023 2022 2022
Bank loan 21,734 31,667

CREDITORS: Amounts
due falling after		 one year ( continued)
Analysis ofloan repayments:
Group Charity Group Charity
2023 2023 2022 2022
Due within one year 10,000 10,000
Due between
one year and five years		 21,734 31,667
31,734 41,667
ANALYSIS OF CHARITABLE FUNDS
Group
As at As at
I Apr 2022 Income Expenditure Transfers 31Mar 2023
UNRESTRICTED FUNDS
General 1,051,634 1,358,743 (1,167,322) 68,326 1,311,381
RESTRICTED FUNDS
National
Lottery Heritage Fund		 134,714 (63,094) (68,326) 3,294
Architectural
Heritage Fund		 8,425 (8,425)
Theatre's
Trust Charity —LED		 19,891 19,891
James Knott 9,785 9,785
Total restricted
funds		 172,815 (71519) (68,326) 32,970
TOTAL FUNDS 1,051,634 1,531,558 (1,238,841) 1,344,351
Group
As at As at
1 Apr 2021 Income Expenditure Transfers 31Mar 2022
UNRESTRICTED FUNDS
General 901,517 976,881 (826,764) 1,051,634
RESTRICTED FUNDS
TOTAL FUNDS 901,517 976,881 (826,764) 1,051,634

Charity As at As at
1 Apr 2022 Income Expenditure Transfers 31Mar 2023
UNRESTRICTED FUNDS
General 922,714 242,945 (162,416) 68,326 1,071,569
RESTRICTED FUNDS 134,714 (63,094) (68,326) 3,294
National
Lottery Heritage Fund		 8,425 (8,425)
Architectural
Heritage Fund		 19,891 19,891
Theatre's
Trust		 Charity —LED 9,785 9,785
James Knott
172,815 (71,519) (68,326) 32,970
Total restricted funds
TOTAL FUNDS 922,714 415,760 (233,935) 1,104,539
Charity As at As at
1 Apr 2021 Income Expenditure Transfers 31Mar 2022
UNRESTRICTED FUNDS
General 837,004 281,810 (196,100) 922,714
RESTRICTED FUNDS
TOTAL FUNDS 837,004 281,810 (196,100) 922,714
Group 2023
Net current Long term
Fixed assets assets liabilities Provisions Total
Unrestricted
income funds 689,930 646,083 (21,734) (2,898) 1,311,381
Restricted funds 32,970 32,970
~68 P3Q 679 053 ~~4 L2288
Group 2022
Net current Long term
Fixed assets assets liabilities Provisions Total
Unrestricted
income funds 626,657 458,575 (31,667) (1,931) 1,051,634
62+552 ~45
575		 (3 ,667/
Charity 2023
Net current Long term
Fixed assets assets liabilities Provisions Total
Unrestricted
income funds 677,060 394,509 1,071,569
Restricted
funds		 32,970 32,970
~60 42+~ 1M~
Charity 2022
Net current Long term
Fixed assets assets liabilities Provisions Total
Unrestricted
income funds 618 933 303 781 922714
~618
33		 922 714

Group Chmty Group Charity
2023 2023 2022 2022
Deferred tax liability 2,898 1,931

CASH GENERAT ED FROM OPERATIONS 2023 2022
Surplus
for the year		 292,717 150,117
Adjustments
for:
Income tax expense 967
Depreciation oftangible fixed assets 19,674 6,131
Movements
in working
capital:
Decrease/(increase) in debtors 122,726 (223,634)
Decrease/(increase) in stocks (5,866) (9,682)
Increase in deferred income 14,059 48,251
Increase/(decrease) in creditors 123358 ~34 082
Cash generated
from operations		 567 635 ~2
Analysis ofchanges in net de bt
Balance at 1April Cash flows Other non-cash Balance at 31
2022 changes March 2023
Cash and cash equivalents
Cash 321 670 474 755 796425
321,670 474,755 796,425
Borrowings
Debt due within one year (10,000) (10,000)
Debt due after one year ~31 667 9933 21 734
(41,667) 9,933 (31,734)
Total ~280 0 4 688 ~4691