2021-03-31-accounts - UK Storyhouse Limited

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					Page
Trustees Reference and Administrative Details
Report ofthe	Trustees (including Directors' Report)				2-11
Independent	Auditor's Report				12 - 14
Consolidated	Statement of Financial Activities	(including	Income and Expenditure	Account)
Consolidated	and Charity Balance Sheet
Consolidated	Cash Flow Statement				17
Notes to the	Consolidated Financial Statements				18-30

					202'I	2020
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
		Notes
Income and endowments	from:
Donations and legacies		3	3,563,025	106,870	3,669,895	1,802,232
Charitable activities		4	41,167		41,167	336,000
Other trading activities		5	699,778		699,778	4,375,446
Other		7	27,575		27,575	222,528
Tota I income and endowments			4,331,545	106,870	4,438,415	6,736,206
Expenditure on:
Raising funds		8	763,906		763,906	4,144,007
Charitable activities		9	2,698,289	64,449	2,762,738	2,835,248
Total expenditure			3,462,195	64,449	3,526,644	6,979,255
Net income/(expenditure)			869,350	42,421	911,771	(243,049)
Reconciliation offunds
-Tata I funds brought forward			479,872		479,872	722,921
-Total funds carried forward		23	1,349,222	42,421	1,391,643	479,872

			Group	Group	Charity	Charity
			2021	2020	2021	2020
		Notes
Fixed assets
Tangible assets		14	336,203	371,810	336,203	371,810
Investments		15			2	2
			336,203	371,810	336,205	371,812
Current assets
Stocks		'i6	9,430	15,275
Debtors		17	410,732	591,779	158,770	586,021
Cash at bank	and in hand		1,905,909	838,631	1,809,721	774,065
			2,326,071	1,445,685	1,968,491	1,360,086
Liabilities
Amounts falling due within one year		18	(1,270,631)	(1,337,623)	(876,502)	(1,252,028)
Net current	assets		1,055,440	108,062	1,091,989	108,058
Net assets			1,391,643	479,872	1,428,194	479,870
The funds	ofthe charity:
Restricted income funds		20	42,421		42,421
Unrestricted	funds:
- General fund		21	1,055,250	479,872	1,091,801	479,870
- Designated	fund	22	293,972		293,972
Total funds		23	1,391,643	479,872	1,428,194	479,870

				2021	2020
				f
Net Cashf low from operating		activities		1,171,955	(619,784)
Tax received				27,575	222,528
Cashflow from investing	activities
Payments to acquire tangible		fixed assets		(132,252)	(81,956)
Net Cashflow from investing		activities		(132,252)	(81,956)
Net increase in cash and	cash equivalents			1,067,278	(479,212)
Cash and cash equivalents	at	beginning	ofyear	838,631	1,317,843
Cash and cash equivalents	at	the end of	the year	1,905,909	838,631
Cash and cash equivalents		consist of:
Cash at bank and in hand				1,905,909	838,631
Short term deposits
Cash and cash equivalent	at the end ofthe year			1,905,909	838,631

Depreciat follows:	ion is calculated	so as to write off the c	ost of an ass
Fixtures	and fittings	20'%%d on cost and	10'%%d on cost
Motor vehicles		25'%%d on cost
Computer	equipment	25'%%d on cost

Financial performance		of	the		charity	charity
The consolidated statement		of financial				activities		includes	the results	of the charity's		wholly owned	subsidiaries,
Storyhouse Catering Company			Limited			and	Storyhouse		Production	Company	Limited, The summary			financial
performance ofthe charity		alone	is:-
												31 March	31 March
												2021		2020
Income												3,681,062	1,915,704
Theatre Tax Relief												27,575		222,528
Gift aid from Storyhouse	Catering			Company			Limited							453,967
Gift aid from Storyhouse	Production				Company			Limited
												3,708,637	2,592, 'I 99
Expenditure on charitable		activities										2,760,313	2,835,252
Surplus/(Deficit) for the		year										948,324	~243,053
Tota I funds brought forward												479,870		722,923
Tota I funds carried forward												1,428,194		479,870
Represe nte d by:
Unrestricted funds												1,091,801		479,870
Restricted funds												42,421
												1,134,222		479,870

Income from donations and legacies
			Tota I	Total
	Unrestricted	Restricted	Funds	Funds
	Funds	Funds	2021	2020
Funding
Members 8 Private Giing	221,535		221,535	16,428
Sponsorship income	67,900		67,900	46,000
Trusts and Foundations	27,572	96,418	123,990	57,160
Project Funding		10,452	10,452	74,023
Grants receivable
Arts Council England	228,015		228,015	223,895
Cheshire West and Chester Council	1,362,610		1,362,610	1,362,610
Government Grants	1,655,393		1,655,393	22,116
	3,563,025	106,870	3,669,895	1,802,232

ncoming	reso	urc	es	from	cha	r	itable activities
								Unrestricted	Total Funds	Unrestricted
								Funds		Funds
								2021	2021	2020
								f	f
Library operation				Project				4,532	4,532	33,704
Engagement				Project				33,827	33,827	94,397
Ticketing				Project				2,554	2,554	196,573
Other income				Funding			and administration	254	254	11,326
								41,167	41,167	336,000
Other trading		activities
								Unrestricted	Total Funds	Unrestricted
								Funds		Funds
								2021	2021	2020
								f	f
Storyhouse	Production			Company		Limited		372,953	372,953	1,642,584
Storyhouse	Catering		Company		Limited			326,825	326,825	2,732,862
								699,778	699,778	4,375,446

								31 March	31 March
								2021	2020
Turnover								326,825	2,732,862
Cost ofsaies								336,929	2,236,895
Administration	expenses							26,449	42,000
(Loss)/Profit	before			taxation	and	for	the
ftna n cia I year								~36,553	453,967
Amount gift aided		to the		charity					453,967
Retained earnings			brought forward			and carried forward		36,553
Current assets								342,503	476,377
Current liabilities								379,055	476,376
Net current assets								(36,552)
Called up share	capital							1
Retained earnings								(36,553)
								(36,552)

Storyhouse Production	Storyhouse Production	Company	Company	Company	Limited	Limited
The principal activity	of	the	company			was	that	of theatre	company	production	at Storyhouse,		Chester.
The company registragon		number		is	10709994.
											31 March	31	March
											2021		2020
Turnover													f
											372,953	1,642,584
Cost ofsales											396,553	1,839,384
Administration expenses											3,975		25,728
Loss before taxation										~27,575		~222,528
Corporation tax credit	(Theatre		tax		relief)						27,575	222,528
Profit for the 6na n cia I		year
Current assets											263,786	455,411
Current liabilities											263,785	455,410
Net current assets
Called up share capita!
Retained earnings

Other inco	me
						Unrestricted	Total Funds	Unrestricted
						Funds		Funds
						2021	2021	2020
						F	E
Theatre tax	relief					27,575	27,575	222,528
						27,575	27,575	222,528
Costs of raising funds
						Unrestricted	Total Funds	Total Funds
						Funds	2020	2019
Storyhouse	Production		Company		Limited	400,528	400,528	1,865,112
Storyhouse	Catering	Company		Limited		363,378	363,378	2,278,895
						763,906	763,906	4,144,007

Costs of	Charitable	by Activity Type
		Direct	Support	Governance	Total Funds	Total Funds
		Costs	Costs	Costs	2021	2020
Charitable	activites	2,091,137			2,091,137	1,973,125
Management			496,247		496,247	660,020
Finance			51,872	12,000	63,872	84,566
Building overheads			111,482		111,482	117,537
		2,091,137	659,601	12,000	2,762,738	2,835,248

Net incomel(expen	diture) for the year
		2021	2020
			F
This is stated after	charging:
Depreciation		167,859	160,759
Auditors remuneration
-Audit ofthe financial	statements	12,360	12,000
-Accountancy services
Operating lease costs:
—Land and buildings		22,019	'i8,178

Analysis of staff costs and the Total staff costs were as follows:	cost of key management	personnel
	Group	Charity	Group	Charity
	2021	2021	2020	2020
Wages and salaries	1,801,025	1,611,1'!7	1,948,760	1,026,635
Social security costs	139,875	133,501	157,413	133,204
Pension costs	58,261	55,508	67,688	53,642
	1,999,161	1,800,126	2,173,861	1,213,481

The average number of staff	employed duri	ng the year	was 97, analysed by function as follows:
			2021	2020
			Number	Number
Project			8	6
Head o5ce			13	12
Kitchen			7	9
Marketing			5	6
Production			5	5
Cinema			4	2
Touring			1	2
Trading			1	3
Casual staff			53	71
			97
During the year the number	ofemployees	who earned	more than f60,000was as follows:
			2021	2020
			Number	Number
f60,000 - f70,000				1
f70,000 - f80,000
880,000 - F90,000

Tangible Fixed Assets Group and Charity
	Fixtures and	Motor	Computer
	fittings	vehicles	Equipment	Total
				F
Cost
At 1 April 2020	733,052	14,328	193,740	941,120
Additions	132,252			132,252
At 31 March 2021	865,304	14,328	193,740	1,073,372
Depreciation
At 1 April 2020	429,088	10,149	130,073	569,310
Charge for year	124,384	3,582	39,893	167,859
At 3'I March 2021	553,472	13,731	169,966	737,169
Net Book Value
At 31 March 2021	311,832	597	23,774	336,203
At 3'l March 2020	303,964	4,179	63,667	371,810

15	Investments
				Group		Charity
				2021	2020	2021 f	2020f
	Investments in subsidiaries
16	Stocks
				Group		Charity
				2021	2020f	2021	2020
	Stock			9,430	15,275
17	Debtors: Amounts		falling due within one year
				Group		Charity
				2021	2020	'2021	2020
						f	f
	Amounts owed by	group undertakings				15,073	453,967
	Income tax recoverable			250,025	386,838
	Trade debtors			19,13'I	53,382	19,131	53,328
	Other debtors			29,909	13,202	29,909	13,202
	Prepayments and accrued income			111,667	138,357	94,657	65,524
				410,732	591,779	158,770	586,021
18	Liabilities: Amounts		falling due within one year
				Group		Charity
				2021	2020	2021	2020
	Trade creditors			133,502	128,918	123,104	124,000
	Amounts owed to group undertakings						405,523
	PAYE and Social Security			36,244	43,598	36,244	43,598
	VAT			22,541	79,473	22,542	79,473
	Other creditors			25,666	103,313	25,666	103,313
	Accruais and deferred		income	1,052,678	982,321	668,946	496,121
				1,270,631	1,337,623	876,502	1,252,028
	Deferred income
	Deferred income at	1 April 2020		325,283
	Utilised in year			(325,283)
	Received in year			390,885
	Deferred income at	31	March 2021	390,885

Operating	Lease	Commitments
Total future	minimum	lease payments	under non-cancellable	operating	leases are as tollows:
					2021	2020
					F
Within one	year				40,260	22,019
Between one and fi~ years					37,515
					77,775	22,019

Restricted	Restricted	Funds
Group	and	Charity	Balance at			Balance at
			1 April	Incoming	Outgoing	31 March
			2020	Resources	Resources	2021
				F.		F
Youth projects				106,870	64,449	42,421
Festival	funding
				106,870	64,449	42,421

Group and Charity	Balance at			Balance at
	1 April	Incoming	Outgoing	31 March
	2019	Resources	Resources	2020
		F	F	F
Youth projects		93,683	93,683
Festival funding		12,500	12,500
		106,183	106,183

			Group	Charity
			General	General
			Funds	Funds
As at 1 April 2020			479,872	479,870
Incoming	resources		4,331,545	3,601,767
Outgoing	resources		(3,462,195)	(2,695,864)
Transfer	to designated	funds	(293,972)	(293,972)
As at 31 March 2021			1,055,250	1,091,801
			Group	Charity
			General	Generai
			Funds	Funds
			E
As at 1 April 2019			722,921	722,923
Incoming	resources		6,630,023	2,486,016
Outgoing	resources		(6,873,072)	(2,729,069)
As at 31 March 2020			479,872	479,870
Unrestri	cted Funds	- Designated
			Group	Cha rtty
			Designated	Designa ted
			Funds	Funds
				f.
As at 1 April 2020
Incoming	resources		293,972	293,972
Outgoing	resources
As at 31 March 2021			293,972	293,972

			Group	Charity
		Designated		Designated
			Funds	Funds
As at 1 April	2019
Incoming resources
Outgoing resources
As at 31 March 2020
Analysis of Group Net Assets Between Funds
				Total
		Tangible	Net Current	31 March
		Fixed Assets	Assets	2021
		F	2
Restricted	Funds		42,421	42,421
Unrestricted	Funds
General Funds		336,203	719,047	1,055,250
Designated	Funds		293,972	293,972
Total Funds		336,203	1,055,440	1,391,643
				Total
		Tangible	Net Current	31 March
		Fixed Assets	Assets	2020
Restricted	Fund s
Unrestricted	Funds
General Funds		371,810	108,062	479,872
Designated	Funds
Total Funds		371,810	108,062	479,872

As at 1 April 2019	As at 1 April 2019
Incoming	resources
Outgoing	resources
As at 31	March 2020

25	Reconciliation o	fgroup net	income resources	to net cash infiow	from group oper	ations
					2021	2020
	Net incoming resources				911,771	(243,049)
	Theatre tax relief				(27,575)	(222,528)
	Depreciation offixed assets				167,859	160,759
	Decrease/(increase)	in stock			5,845	(2,396}
	(Increase)/decrease	in debtors			181,047	(163,358)
	Increase/(decrease)	in creditors			(66,992)	(149,212)
	Net cash inflow from operating		activities		1,171,955	(619,784)
26	Analysis ofchanges in net		funds
				1 April		31 IVlarch
				2020	Cash Flows	2021
	Cash at bank and	in hand		838,631	1,067,278	1,905,909