2021-03-31-accounts - New Adventures Charity

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			Page
Chair's Introduction			1-2
Trustees' report			3-16
Reference and administrative		details
Independent auditors'	report	on the financial statements	18-21
Consolidated statement	offinancial activities
Consolidated balance sheet			23
Charity balance sheet			24
Consolidated statement	of cash flows		25
Notes to the financial statements			26-45

			REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	ADMINISTRATIVE	DETAILS
			FOR THE YEAR ENDED 31 MARCH 2021
Trustees			J Siddall, Director
			SW D Egan, Director	(resigned 14		December 2020)
			BA Emmanus, Director
			H Protheroe, Director	(resigned 22 July 2021)
			K Shaid, Director (resigned 23 April			2020)
			A A Smith Jones, Director
			K0 Tharp, Director
			PJ M Williams, Director (appointed			8June	2020)
			EJ Bolton (appointed	13September		2021)
			J M Brunjes (appointed		13September 2021)
			J C Riddell (appointed	13September 2021)
			H Morris (appointed 13		September 2021)
			JA A Ward (appointed		13September 2021)
Company	registered
number			06548321
Charity registered
number			1125342
Registered		office	Farnham Maltings
			Bridge Square
			Farnham
			GUS 7QR
Independent		auditors	Nyman Libson Paul LLP
			Chartered Accountants
			Statutory Auditors
			124 Finchley Road
			London
			NW3 5JS

						As restated
		Unrestricted	Restricted	Designated	Total	Total
		funds	funds	funds	funds	funds
		2021	2021	2021	2021	2020
	Note	F			F
Income from:
Donations		1,637,623	102,385		1,740,008	1,352,539
Charitable activities		92,462	13,815		106,277	158,244
Trading activities		493,929			493,929	12,247,678
Investments		3,037			3,037	1,370
Other income		128,412			128,412	666,598
Total income and endowments		2,355,463	116,200		2,471,663	14,426,429
Expenditure on:
Raising funds:
Voluntary income		22,143			22,143	48,456
Trading activities		686,633			686,633	12,948,698
Charitable activities:
Other charitable
activities		1,175,824	41,315		1,217,139	1,162,529
Governance cost		7,588			7,588	3,195
Total expenditure		1,892,188	4'f,315		1,933,503	14,162,878
Net income		463,275	74,885		538,160	263,551
Transfers between
funds	18	(485,000)	395,000	90,000
Net movement in funds		(21,725)	469,885	90,000	538,160	263,551
Reconciliation of
funds. "
Total funds brought forward		125,403		3,345,000	3,470,403	3,206,852
Net movement in funds		(21,725)	469,885	90,000	538,160	263,551
Total funds carried forward		103,678	469,885	3,435,000	4,008,563	3,470,403

	CONSOLIDATED	BALANCE SHEET
	AS AT 31	MARCH 2021
		2021		2020
	Note
Fixed assets
Tangible assets	13	4,855		5,140
Current assets
Production costs	15	291,304
Debtors	16	274,841	1,657,444
Cash at bank and in hand		4,269,936	4,894,614
		4,836,081	6,552,058
Creditors: amounts	falling due within one
year	17	(832,373)	(3,086,795)
Net current assets		4,003,708		3,465,263
Total net assets		4,008,563		3,470,403
Charityfunds
Designated funds		3,435,000		3,345,000
Restricted funds	18	469,885
Unrestricted funds	18	103,678		125,403
Total funds		4,008,563		3,470,403

		CHARITY BALANCE SHEET	CHARITY BALANCE SHEET
		AS AT 31 MARCH 2021
			202'I		2020
		Note
Fixed assets
Tangible assets		13	4,855		5,140
investments		14	7		5
			4,862		5,145
Current assets
Debtors		16	626,338	1,120,451
Cash at bank			3,586,941	2,424,765
			4,2'l2, 279	3,545,216
Creditors: amounts	falling due within one
year		17	(208,685)	(79,963)
Net current assets			4,003,694		3,465,253
Total net assets			4,008,556		3,470,398
Charity funds
Designated funds		18	3,435,000		3,345,000
Restricted funds		18	469,885
Unrestricted funds		18	103,671		125,398
Total funds			4,008,556		3,470,398

						2021	2020
							F
Cash flows from operating			activities
Net cash	used in operating		activities			(620,881)	696,132
Cash flows from investing			activities
Purchase	oftangible fixed assets					(3,797)
Net cash	(used in)/provided		by investing		activities	(3,797)
Change	in cash and cash		equivalents	in	the year	(624,678)	696,132
Cash and	cash equivalents	at the beginning			ofthe year	4,894,614	4,198,482
Cash and cash equivalents			at the end	of	the year	4,269,936	4,894,614
The notes on pages 26 to 45 form part ofthese financial statements

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
Other donations		97,131	102,385	199,516
Grants from	Arts Council	1,317,810		1,317,810
Government	grants	222,682		222,682
		1,637,623	102,385	1,740,008

		Unrestricted	Total
		funds	funds
		2020	2020
Other	donations	58,539	58,539
Grants	from Arts Council	1,294,000	1,294,000
		1,352,539	1,352,539

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
Project income	92,462		92,462
Other income		13,815	13,815
	92,462	13,815	106,277
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
Project income	92,048		92,048
Other income		66,196	66,196
	92,048	66,196	158,244

	Unrestricted	Total
	funds	funds
	2021	2021
Show venue fees - UK	369,875	369,875
Show venue fees - Rest of World	23,447	23,447
Show other income	75,062	75,062
Storage fee income	25,545	25,545
	493,929	493,929

	Income fro	m non charitable trading activities (conti	nued)
			As restated	As restated
			Unrestricted	Total
			funds	funds
			2020	2020
			F	E
	Show venue	fees - UK	9,190,384	9,190,384
	Show venue	fees - Rest of World	3,006,049	3,006,049
	Show other	income	42,953	42,953
	Storage fee	income	8,292	8,292
			12,247,678	12,247,678
7.	Investment	Income

			Unrestncted	Total
			funds	funds
			2021	2021
				E
	Interest receivable		3,037	3,037
			Unrestricted	Total
			funds	funds
			2020	2020
	Interest receivable		1,370	1,370
8.	Other incoming	resources
			Unrestricted	Total
			funds	funds
			2021	2021
	Theatre tax credits		128,412	128,412

Unrestricted	Total
funds	funds
2020	2020
	F
666,598	666,598

		Unrestricted	Total
		funds	funds
		2021	2021
Fundraising	costs	22,143	22,143
Total 2021		22,143	22,143
		Unrestricted	Total
		funds	funds
		2020	2020
			E
Fundraising	costs	48,456	48,456
Total 2020		48,456	48,456

			Unrestricted	Total
			funds	funds
			2021	2021
				E
Show producer		fees	113,364	113,364
Show production		costs	104,738	104,738
Show running	costs		261,429	261,429
Trading account		staff costs	207,102	207,102
Total2021			686,633	686,633

			Unrestricted	Total
			funds	funds
			2020	2020
			E	E
Show producer		fees	1,066,001	1,086,001
Show production		costs	3,037,272	3,037,272
Show running	costs		5,335,406	5,335,406
Trading account		staff costs	3,510,019	3,510,019
Total 2020			12,948,698	12,948,698

				Support	Total
			Direct costs	costs	funds
			2021	2021	2021
			E	E
Various	charitable	activities	841,044	383,683	1,224,727

Expenditure		on c	haritable acti	vities (continued)
						Support	Total
					Direct costs	costs	funds
					2020	2020	2020
							E
Various charitable			activities		853,810	311,9'I4	1,165,724
Analysis of		direct	costs
						Total	Total
						funds	funds
						2021	2020
						E
Offstage activity costs						265,302	199,255
Wages and		salaries				414,483	411,852
Other staff costs						75,007	34,767
Storage Set		up				13,815	66,196
Storage costs						46,332	111,270
Merchandise		costs				4,169	9,011
Advertising	and marketing					21,936	20,491
Green adventures							968
						841,044	853,810
Analysis of		support costs
						Total	Total
						funds	funds
						2021	2020
							E
Wages and	salaries					256,793	183,769
Other staff costs						12,991	19,695
Administrative		expenses				90,028	88,488
Depreciation						4,082	4,566
Rent						12,201	12,201
Governance		costs - Accountancy		and audit costs		7,588	3,195
						383,683	311,914

11.	Auditors'	remuneration
					2021	2020
	Auditor's	remuneration			7,000	7,000
12.	Staff costs
			Group	Group	Charity	Charity
			2021	2020	2021	2020
				F
	Wages and salaries		878,378	4,105,640	671,276	595,621
			878,378	4,105,640	671,276	595,621

	Group	Group
	2021	2020
	No.	No.
Employees	42	153

Group	Group
2021	2020

		NOTES TO THE FINANCIAL STATEMENTS
		FOR THE YEAR ENDED 31 MARCH 2021
13.	Tangible fixed assets
	Group and Charity
			Office
			equipment
	Cost
	At 1 April 2020		24,501
	Additions		3,797
	At 31 March 2021		28,298
	Depreciation
	At 1 April 2020		19,361
	Charge for the year		4,082
	At 31 March 2021		23,443
	Net book value
	At 31 March 2021		4,855
	At 31 March 2020		5,140

	Investments
	in subsidiary
	companies
charity		F
Cost or valuation
At 1 April 2020
Additions
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020


Company Name			Holding	Included	in
				consolidation
New Adventures	Nutcracker	Limited	100%	Yes
New Adventures	Red Shoes	Limited	100%	Yes
New Adventures	PWW Limited		100%	Yes
New Adventures	Cinderella	Limited	100%	Yes
New Adventures	Swan Lake	Limited	1PP%	Yes
New Adventures	R8J Limited		100%	Yes
New Adventures	Midnight Bell Limited		1PP%	Yes

Group	Group
2021	2020
f.
291,304

		Group	Group	Charity	Charity
		2021	2020	2021	2020
		F		E	E
Due within one year
Trade debtors		53,126	497,783	52,295	22,682
Other debtors		115,536	718,510		65,862
Prepayments	and accrued income	106,179	441,151	574,043	1,031,907
		274,841	1,657,444	626,338	1,120,451

			Group	Group	Charity	Charity
			2021	2020	2021	2020
			E	F	E	E
Trade creditors			30,833	238,821	24,680	26,437
Other taxation	and social security		23,736	353,195	23,736	19,158
Other creditors			425,102	1,049,222	3,507	12,160
Accruals and deferred		income	352,702	1,445,557	156,662	22,208
			832,373	3,086,795	208,585	79,963

Statement offunds	- current	year
						Balance at
		Balance at 1			Transfers	31 March
		April 2020 f	Income F	Expenditure F	in/out E	2021 E
Unrestricted funds
General Funds 1		125,403	2,355,463	(1,892,188)	(485,000)	103,678
Designated funds
Deferred Production	and
Artistic Fund		1,000,000			950,000	1,950,000
Organisational Development
Reserve					30,000	30,000
Capital Fund Reserve		1,000,000			(500,000)	500,000
Core Costs Reserve		450,000			25,000	475,000
Digital Reserve		575,000			(275,000)	300,000
R&J Legacy Reserve		70,000			(10,000)	60,000
COVID19 Reserve		250,000			(200,000)	50,000
Deferred offstage Projects					70,000	70,000
		3,345,000			90,000	3,435,000
Restricted funds
Storage fund			13,815	(13,815)
Magic Me			8,750			8,750
Cygnet School			60,000			60,000
Swan School			6,135			6,135
Com pany Support			22,500	(22,500)
Spring Forward			5,000	(5,000)
Nutcracker Reserve					395,000	395,000
			116,200	(41,315)	395,000	469,885
Total offunds		3,470,403	2,471,663	(1,933,503)		4,008,563

Statement offunds	Statement offunds	(continued)
Statement offunds		- prior year
			As restated				Balance at
			Balance at	As restated	As restated	Transfers	31 March
			1 April 2019	Income	Expenditure	in/out	2020
				E	F	E
Unrestricted	funds
General Funds 1			126,995	14,360,233	(13,316,825)	(1,045,000)	125,403
Designated	funds
Deferred Production		and
Artistic Fund			800,000			200,000	1,000,000
Organisational	Development
Reserve			50,000			(50,000)
Capital Fund	Reserve		500,000			500,000	1,000,000
Core Costs Reserve			450,000				450,000
Digital Reserve			500,000			75,000	575,000
R&J Legacy	Reserve					70,000	70,000
COVID19 Reserve						250,000	250,000
			2,300,000			1,045,000	3,345,000
Restricted funds
Storage fund				66,196	(66,196)
R&J Reserve			779,857		(779,857)
			779,857	66,196	(846,053)

						Balance at
		Balance at 1			Transfers	31 March
		April 2020	Income	Expenditure	in/out	2021
		E	E	E	E	E
General funds		125,403	2,355,463	(1,892,188)	(485,000)	103,678
Designated	funds	3,345,000			90,000	3,435,000
Restricted	funds		116,200	(41,315)	395,000	469,885
		3,470,403	2,471,663	(1,933,503)		4,008,563
Summary	offunds - prior year
		As restated				Balance at
		Balance at	As restated	As restated	Transfers	31 March
		1 April 2019	Income	Expenditure	in/out	2020
		E		E	E
General funds		126,995	14,360,233	(13,316,825)	(1,045,000)	125,403
Designated	funds	2,300,000			1,045,000	3,345,000
Restricted	funds	779,857	66,196	(846,053)
		3,206,852	14,426,429	(14,162,878)		3,470,403

Analysis	of n	et ass	ets	between fund	s - current year
					Unrestricted	Restricted	Designated	Total
					funds	funds	funds	funds
					2021	2021	2021	2021
					E	E	E	E
Tangible	fixed	assets			4,855			4,855
Current	assets				931,196	469,885	3,435,000	4,836,081
Creditors	due	within	one	year	(832,373)			(832,373)
Total					103,678	469,885	3,435,000	4,008,563

20.	Analysis	of	net	assets	between	funds	(continued)
	Analysis	of	net	assets	between	funds	- prior year

	Analysis	of n	et assets between	funds - prior year
				Unrestricted	Designated	Total
				funds	funds	funds
				2020	2020	2020
						E
	Tangible	fixed	assets	5,140		5,140
	Current	assets		3,207,058	3,345,000	6,552,058
	Creditors	due	within one year	(3,086,795)		(3,086,795)
	Total			125,403	3,345,000	3,470,403
21.	Reconciliation		of net movement	in funds to net cash flow from operating	activities

									Group
								Group	As restated
								2021	2020
								F	F
	Net income	for the year (as			per Statement		of Financial Activities)	538,160	263,551
	Adjustments	for:
	Depreciation	charges						4,082	4,566
	(increase)/decrease			in production		costs		(291,304)	538,975
	Decrease in	debtors						1,382,603	1,777,962
	(Decrease)	in creditors						(2,254,422)	(1,888,922)
	Net cash provided		by/(used		in)	operating	activities	(620,881)	696,132
22.	Analysis of	cash and cash			equivalents
								Group	Group
								2021	2020
								E
	Cash in hand							4,269,936	4,894,614
	Total cash and cash			equivalents				4,269,936	4,894,614