2021-03-31-accounts - HighTide Theatre Limited

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Contents ofthe Financial Statemeats
for the year ended 31March 2021
		Page
Report ofthe Trustees	1	to	8
Report ofthe Indepeadent Auditors	9	to	12
Statement ofFinancial Activities		13
Statement ofFinancial Position		14
Notes to the Financial Statements	15	to	22
Detailed Statement ofFinancial Activities	23	to	24

	fo	r the year e	nded 31March 2	021
					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
HighTide Festival k Co-Producer Income						27,579
Theatre tax credits			(6,074)		(6,074)	7,808
Other production income			7,515		7,515	2,612
Fundraising income		2	457,111		457,111	428,836
Other income			~17610		~17610
Total			476,162		476,162	466,835
EXPENDITURE ON
Charitable activities
Production fees			17,618		17,618	109,641
Creative fees			5,686		5,686	3,363
Accommodation and subsistence			5,020		5,020	33,620
Artistic development			11,181		11,181	21,285
General administrative	costs		10,618		10,618	12,415
Staff costs			155,042		155,042	225,786
Premises costs			75,000		75,000	80,865
Accountancy			6,258		6,258	5,675
Advertising and publicity			4,160		4,160	33,124
Other			9,527		9,527	9,791
Total			300,110		300,110	535,565
NET INCOME/(EXPENDITURE)			176,052		176,052	(68,730)
RECONCILIATION	OF FUNDS
Total funds brought	forward		34,953		34,953	103,683
TOTAL FUNDS CARRIED FORWARD			~211005		~211005	~34 953

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	10	956		956
CURRENT ASSETS
Debtors	11	46,040		46,040	26,550
Cash at bank		177,986		177,986	20,695
		224,026		224,026	47,245
CREDITORS
Amounts falling due within one year	12	(13,977)		(13,977)	(]2,292)
NET CURRENT ASSETS		210,049		210,049	34,953
TOTAL ASSETSLESSCURRENT
LIABILITIES		211,005		211,005	34,953
NET ASSETS		~211 005	—	211,005	~34 953
FUNDS	13
Unrestricted funds				211.005	34,953
TOTAL FUNDS				211,005	~34953

STAFF COSTS
		2021	2020
Wages and salaries Defined contribution	pensions	160,860 ~6760	213,995 ~7655
Total staff costs		167,620	~221 650

The average monthly n	umber ofem	ployees during the year was as	follows;
				2021	2020
Office staff				5	8
No employees received	emoluments	in excess of860,000,
COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
INCOME AND ENDOWMENTS		FROM
Charitable activities
HighTide Festival &Co-Producer		Income	27,579		27,579
Theatre tax credits			7,808		7,808
Other production income			2,612		2,612
Other trading activities			~428 836		~428 836
Total			466,835		466,835
EXPENDITURE ON
Charitable activities
Production fees			109,641		109,641
Creative fees			3,363		3,363
Accommodation and subsistence			33,620		33,620
Artistic development			21,285		21,285
General administrative	costs		12,415		]2,415
Staffcosts			225,786		225,786
Premises costs			80,865		80,865
Accountancy			5,675		5,675
Advertising and publicity			33,124		33,124
		Page 18			continued. ..

	for the year ended 31March	for the year ended 31March	2021	2021	2021
	COMPARATIVES FOR THE STATEMENT OF FINANCIAL		ACTIVITIES - continued
			Unrestricted	Restricted		Total
			fund	fund		funds
					f
	Other		9,791			9,791
	Total		535,565			535,565
	NET INCOME/(EXPENDITURE)		(68,730)			(68,730)
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	103,683			103,683
	TOTAL FUNDS CARRIED FORWARD		~34 953			~34953
10.	TANGIBLE FIXED	ASSETS
						Computer
						equipment
	COST
	Additions					983
	DEPRECIATION
	Charge for year					27
	NET BOOK VALUE
	At 31 March 2021					956
	At 31March 2020
11.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021		2020
				E
	Trade debtors			38,174		5,856
	Other debtors			5,247		17,675
	VAT			~2619		3,019
						~26 550

			Detailed Statement ofFinancial Activities
			for the year ended 31March 2021
				2021	2020
INCOME AND	ENDOWMENTS
Fundraising income
Grants				335,]8]	269,155
Legacies				21,000	50,770
Donations				]00,930	106,731
Sponsorships					2,180
				457,111	428,836
Charitable activities
Income from productions Theatre tax credits				74]5 ~6,074	30,191 7,808
				1,441	37,999
Other income
Furlough income				~]7610
Total incoming resources				476,162	466,835
EXPENDITURE
Charitable activities
Wages				154,477	212,783
Premises costs				75,000	80,865
Production fees and costs				22,638	109,64]
Advertising snd publicity				4,160	33,124
Creative fees					3,363
Accommodation	and	subsistence			33,620
Development and	hospitality			5,686
Artistic development				]1,181	21,285
Staffcosts					13,003
				273,142	507,684
Other
Accommodation	and	subsistence		691	739
Development and	hospitality			4,317	8,159
General administrative		costs		4,519	13
Premises costs					880
				9,527	9,791

		Detailed Statement ofFinancial Activities
		for the year ended 31March 2021
			2021		2020
Support costs
Finance
Bank fees				986	5,125
Information	technology
ITCosts			4,914		3,136
Other
Insurance			2,172		3,360
Subscriptions			2,519			794
Recruitment				ses
Computer equipment				27
			5,283		4,154
Governance	costs
Auditors' remuneration			~6258		~5675
Total resources	expended		~300	110	~535	565
Net income/(expenditure)			~176	052	~68	730)