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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|
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||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|
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|||||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|
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|FUNDRAI SING INCOME|||
|---|---|---|
||2021|2020|
|Grants|335,181|269,155|
|Legacies|21,000|50,770|
|Donations|100,930|106,731|
|Sponsorships||~2180|
||~457 111|428.836|
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|INCOME FRO|M CH|ARITABLE|ACTIVITI|ES||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|Hightide
Festival|Income||||||27,579|
|Theatre tax credits||||||(6,074)|7,808|
|Income from productions||||||7,515|2,612|
|||||||1,441|37,999|
|CHARITABLE|ACTIVITIES COSTS|||||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 5)|Totals|
|Production
fees|||||17,618||]7,618|
|Creative fees|||||5,686||5,686|
|Accommodation|and subsistence||||5,020||5,020|
|Artistic development|||||11,181||11,181|
|General administrative||costs||||]0,618|10,618|
|Staffcosts|||||154,477|565|155,042|
|Premises costs|||||75,000||75,000|
|Accountancy||||||6,258|6,258|
|Advertising
and|publicity||||4,160||4,160|
||||||273,142|17,441|290,583|
|SUPPORT COSTS||||||||
|||||Information||Governance||
||||Finance|technology|Other|costs|Totals|
||||f.|||||
|General administrative||costs|986|4,914|4,718||10,618|
|Staffcosts|||||565||565|
|Accountancy||||||~6258|6,258|
||||986|~4914|~5283|~6258|~17 441|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)||is stated|atter charging/(crediting):|||||
|||||||2021|2020|
|Auditors'
remuneration||||||6,258|5,675|
|Depreciation - owned assets||||||27||
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|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. ..|
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||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|
##
||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||8|
||Trade creditors||||||||3,501|2,433|
||Social security|||and other taxes|||||4,476|5,009|
||Accruals|and|deferred||income|||||850|
||Accrued|expenses|||||||~6000|4,000|
||||||||||13,977|12,292|
|13.|MOVEMENT|||IN FUNDS|||||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.4.20|in funds|31.3.21|
||Unrestricted||funds||||||||
||General|fund||||||34,953|176,052|211,005|
||TOTAL|FUNDS||||||~34 953|~176052|211,005|
||Net movement|||in funds, included|||in the above are as follows:||||
|||||||||Incoming|Resources|Movement|
|||||||||resources|expended|in funds|
|||||||||||f.|
||Unrestricted||funds||||||||
||General|fund||||||476,162|(300,1I0)|176,052|
||TOTAL|FUNDS||||||~476 162|~300.110)|176,052|
||Comparatives|||for movement||in|funds||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.4.19|in funds|31.3.20|
||Unrestricted||funds||||||||
||General|fund||||||103,683|(68,730)|34,953|
||TOTAL|FUNDS||||||103,683|~68,730)|~34953|
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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||466,835|(535565)|(68,730)|
|TOTAL FUNDS||466.835|~535 565)|~68,730)|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.4.19|in funds|31.3.21|
|Unrestricted|funds||||
|General fund||103,683|107,322|211,005|
|TOTAL FUNDS||103.683|107,322|211,005|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||942,997|(835,675)|107,322|
|TOTAL|FUNDS||942,997|~835675)|~107322|
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||||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)|