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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|
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||||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|||||
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|||||||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||||||||
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|||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|
##
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||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|
##
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##
||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|
##
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##
|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)|||
##
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##
|||||||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|
##
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##
##