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##
|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/||1051634|
|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|