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||||||Page|
|---|---|---|---|---|---|
|Trustees Reference and Administrative<br>Details||||||
|Report ofthe|Trustees<br>(including<br>Directors' Report)||||2-11|
|Independent|Auditor's<br>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<br>Financial Statements||||18-30|





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||||||202'I|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
|||Notes|||||
|Income and endowments|from:||||||
|Donations<br>and legacies||3|3,563,025|106,870|3,669,895|1,802,232|
|Charitable<br>activities||4|41,167||41,167|336,000|
|Other trading<br>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<br>on:|||||||
|Raising funds||8|763,906||763,906|4,144,007|
|Charitable<br>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<br>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|





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||||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<br>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<br>income funds||20|42,421||42,421||
|Unrestricted|funds:||||||
|- General<br>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|



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|||||Note|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<br>to acquire tangible||fixed assets|||(132,252)|(81,956)|
|Net Cashflow from investing||activities|||(132,252)|(81,956)|
|Net increase<br>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|





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|Depreciat<br>follows:|ion<br>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||



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|2|Financial<br>performance||of|the||charity|charity|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The consolidated<br>statement||of financial||||activities||includes|the results|of the charity's||wholly<br>owned|subsidiaries,||
||Storyhouse<br>Catering<br>Company|||Limited|||and|Storyhouse||Production|Company|Limited,<br>The summary|||financial|
||performance<br>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<br>on charitable||activities||||||||||2,760,313|2,835,252||
||Surplus/(Deficit)<br>for the||year||||||||||948,324|~243,053||
||Tota I funds brought<br>forward||||||||||||479,870||722,923|
||Tota I funds carried<br>forward||||||||||||1,428,194||479,870|
||Represe nte d by:|||||||||||||||
||Unrestricted<br>funds||||||||||||1,091,801||479,870|
||Restricted<br>funds||||||||||||42,421|||
||||||||||||||1,134,222||479,870|





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|Income from donations<br>and legacies|||||
|---|---|---|---|---|
||||Tota<br>I|Total|
||Unrestricted|Restricted|Funds|Funds|
||Funds|Funds|2021|2020|
|Funding|||||
|Members<br>8 Private Giing|221,535||221,535|16,428|
|Sponsorship<br>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<br>Grants|1,655,393||1,655,393|22,116|
||3,563,025|106,870|3,669,895|1,802,232|



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|ncoming<br>|reso|urc|es|from|cha|r|itable<br>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|



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|||||||||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<br>gift aided||to the||charity|||||453,967|
|Retained<br>earnings|||brought forward|||and carried forward||36,553||
|Current assets||||||||342,503|476,377|
|Current<br>liabilities||||||||379,055|476,376|
|Net current assets||||||||(36,552)||
|Called up share|capital|||||||1||
|Retained<br>earnings||||||||(36,553)||
|||||||||(36,552)||





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|Storyhouse<br>Production|Storyhouse<br>Production|Company|Company|Company|Limited|Limited||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The<br>principal<br>activity|of|the|company|||was|that|of theatre|company|production|at Storyhouse,||Chester.|
|The company<br>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<br>expenses|||||||||||3,975||25,728|
|Loss before taxation||||||||||~27,575||~222,528||
|Corporation<br>tax credit|(Theatre||tax||relief)||||||27,575|222,528||
|Profit for the 6na n cia I||year||||||||||||
|Current assets|||||||||||263,786|455,411||
|Current<br>liabilities|||||||||||263,785|455,410||
|Net current assets||||||||||||||
|Called up share capita!||||||||||||||
|Retained<br>earnings||||||||||||||



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|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|





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|9|Costs of|Charitable|Activities|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<br>overheads||||111,482||111,482|117,537|
|||||2,091,137|659,601|12,000|2,762,738|2,835,248|



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



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|Analysis<br>of staff costs and the <br>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|





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|The average number<br>of staff|employed<br>duri|ng<br>the year|was 97, analysed<br>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|||||



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|Tangible<br>Fixed Assets<br>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|





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|15|Investments|||||||
|---|---|---|---|---|---|---|---|
|||||Group||Charity||
|||||2021|2020|2021<br>f|2020f|
||Investments<br>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<br>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<br>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<br>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<br>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<br>in year|||(325,283)||||
||Received<br>in year|||390,885||||
||Deferred income at|31|March 2021|390,885||||





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|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|



|20|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||





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||||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<br>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<br>resources|||||
|As at 31 March 2020|||||
|Analysis<br>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<br>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<br>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|



## 



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|25|Reconciliation<br>o|fgroup net|income resources|to net cash infiow|from group oper|ations|
|---|---|---|---|---|---|---|
||||||2021|2020|
||Net incoming<br>resources||||911,771|(243,049)|
||Theatre tax relief||||(27,575)|(222,528)|
||Depreciation<br>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<br>ofchanges<br>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|



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