2022-03-31-accounts

Reference and administrative information	Reference and administrative information	Reference and administrative information	1
Chair's Report			3
Trustees' annual report	.		..... 5
Independent auditor's	report		17
Consolidated statement	of financial	activities	22
Balance Sheets			23
Consolidated statement	of cash flows.		24
Notes to the financial statements			25

Trustees		Trustees, who are also directors under company	Trustees, who are also directors under company	Trustees, who are also directors under company	law, who served	law, who served	during
		the year and up to the date ofthis report were		as	follows:
		Nigel Pantling [Chair] (resigned 18January	2022)
		Anthony Clare [Chair] (appointed 18January 2022)
		Ibukun Alamutu (appointed 13September	2022)
		Professor Kurt Barling
		Hedda Beeby
		Andrew Cleland-Bogle
		Jonathan Edwards (appointed 9 December	2021)
		Robert Hingley (resigned 18January 2022)
		Mars Lord (resigned 16 November 2021)
		Bharat Mehta
		Rufus Olins
		Jo Parker (resigned 13September 2022)
		Victoria Phillips [Vice chair]
		Joseph Smith (appointed 13September 2022)
		Julia Tyrrell
Key management		Jez Bond, Artistic Director 8 CEO
personnel		Rachael Williams, Executive Director 8 Joint CEO			(resigned	28 December
		2021)
		Lucy Perman, Interim Executive Director (5	January 2022-14 May				2022)
		Vicky Hawkins, Executive Director, appointed		16	May 2022
Founding	Benefactor	Jeremy Bond (1939-2020)

Company	number	07091161 —incorporated	07091161 —incorporated	07091161 —incorporated	in the	United	Kingdom
Charity number		1137223	—registered	in	England	and Wales
Registered	office and	11-13Clifton Terrace
operational	address	Finsbury	Park
		London
		N4 3JP

Bankers	CAF Bank
	Charities	Aid Foundation
	25 Kings	Hill Avenue
	Kings Hill
	West Mailing
	Kent
	ME19 4JQ
Auditors	Saffery Champness		LLP
	71 Queen	Victoria Street
	London
	EC4V 4BE

			Unrestricted	funds	Restricted	2022	2021
			General	Designated	funds	Total	Total
		Note			f.	f
Income from:
Donations and	legacies		334,320		607,452	941,772	1,494,257
Charitable activities			822,827			822,827	61,218
Other trading	activities		243,345			243,345	8,957
Total income			1,400,492		607,452	2,007,944	1,564,432
Expenditure on:
Raising funds			487,431			487,431	278,581
Charitable activities			599,995	83,762	597,969	1,281,726	907,689
Total expenditure			1,087,426	83,762	597,969	1,769,157	1,186,270
Net income /
(expenditure)	for the
year			313,066	(83,762)	9,483	238,787	378,162
Theatre Tax Relief			47,197			47,197
Transfers between
funds		16	(66,042)	66,042
Net movement	in funds
			294,221	(17,720)	9,483	285,984	378,162
Reconciliation	of
funds:
Total funds brought
f0rwarcl			927,378	1,401,245	28,375	2,356,998	1,978,836
Total funds carried
forward			1,221,599	1,383,525	37,858	2,642,982	2,356,998

					Group			Charity
					2022	2021	2022		2021
				Note			f		f
Fixed assets
Tangible assets				10	1,490,399	1,448,346	1,483,732		1,448,346
Investments				11			2		2
					1,490,399	1,448,346	1,483,734		1,448,348
Current assets
Stock				12	3,755
Debtors				13	401,871	235,464	527,735		341,420
Cash at bank and		in	hand		1,242,982	929,818	1,166,227		922,939
					1,648,608	1,165,282	1,693,962		1,264,359
Liabilities
Creditors: amounts			falling
due within one	year			14	(496,025)	(256,630)	(479,517)		(255,898)
Net current assets					1,152,583	908,652	1,214,445		1,008,461
Total net assets					2,642,982	2,356,998	2,698,179		2,456,809
Funds				16
Restricted income		funds			37,858	28,375	37,859		28,375
Unrestricted income			funds:
Designated	funds				1,383,525	1,401,245	1,383,525		1,401,245
General funds Non-charitable		trading			1,276,797	1,027,189	1,276,795		1,027,189
funds					(55,198)	(99,811)
Total unrestricted
funds					2,605,124	2,328,623	2,660,320		2,428,434
Total funds					2,642,982	2,356,998	2,698,'I 79		2,456,809

						2022	2021
Net income / (expenditure)		for the period			285,984		378,162
(as per the statement of financial activities)
Depreciation charges					112,501		96,540
Increase	in stocks				(3,755)		1,137
Decrease Increase	in debtors in creditors				(166,407) 239,395		(33,216) (198,165)
Net cash	provided by operating activities					467,718		244,458
Cash flows from investing		activities:
Dividends,	interest and rents from investments
Purchase	offixed assets				(154,554)		(23,792)
Net cash	used in investing	activities				(154,554)		(23,792)
Change in cash and cash		equivalents	in the year			313,164		220,666
Cash and	cash equivalents	at the beginning		of the
year						929,818		709,152
Cash and	cash equivalents	at the end	of	the
year						1,242,982		929,818

			2022			2021
	Unrestricted f	Restricted f	Total	Unrestricted f	Restricted	Total f
Gifts Subscriptions Grants	135,020 33,966 165,334	607,452	135,020 33,966 772,786	586,175 22,502 532,910	352,670	586, 175 22,502 885,580
	334,320	607,452	941,772	1,141,587	352,670	1,494,257

					2022			2021
		Unrestricted f		Restricted f	Total	Unrestricted f	Restricted	Total f
Box office Workshop Other Theatre rental Recharged			655,725 10,392 31,654 120,231		655,725 10,392 31,654 120,231	30 9,933 51,255		30 9,933 51,255
Expenses			4,825		4,825
Total income from
charitable	activities		822,827		822,827	61,218		61,218
ncome from other		trading	activities
						2022		2021
						Totalf		Total f
Cafe bar Production	company					181,200 62,145		386 8,571
						243,345		8,957

	Raising funds	Charitable activities	Governance costs	Support cos'ts	2022 Total
	f		f
Staff costs (Note 7) Production costs	254,148	445,202 278,827	27,632	172,704	899,686 278,827
Premises costs Fundraising costs	12,701 114	6,350		107,954	127,005 114
Advertising and marketing Insurance Travelling and entertainment Office and internet Licence fees	658	103,161 658		18,205 7,860 44,157 823	121,366 7,860 1,316 44,157 823
Sundry Box office costs Professional fees Bank charges	650 361	48,645		1,951 7,731 362	2,601 48,645 7,731 723
Audit and accountancy Cafe bar Irrecoverable VAT Corporation tax charge	67,107		11,680	5,233 31,782	11,680 72,340 31,782
Depreciation				112,501	112,501
	335,739	882,843	39,312	511,263	1,769,157
Support costs	136,459	358,826	15 978	(511 263)
Governance costs	15,233	40,057	(55,290)
Total expenditure 2022	487,431	1,281,726			1,769,157
Total expenditure 2021	278,581	907,689			1,186,270

		Raising	Charitable	Governance	Support	2021
		funcls	activities	costs	costs	Total
		f			f
Staff costs (Note 7)		154,427	411,315	30,064	187,897	783,703
Production costs			74,341			74,341
Premises costs Advertising and		8,490	4,245		72,168	84,903
marketing			35,480		6,261	41,741
Insurance Travelling and					13,271	13,271
entertainment		648	648			1,296
Office and internet					25,250	25,250
Licence fees					784	784
Sundry		1,441			4,322	5,763
Box office costs			23,372			23372
Professional fees					1,350	1,350
Bank charges		743			743	1,486
Audit and accountancy				11,700		11,700
Cafe bar		2,868			319	3,187
Irrecoverable VAT					17,582	17,582
Corporation tax charge
Depreciation					96,540	96,540
		168,618	549,401	41,764	426,487	1,186,270
Support costs		94,650	308,394	23,443	(426,487)
Governance costs		15,313	49,894	(65,207)
Total expenditure	2021	278,581	907,689			1,186,270

This is sta	ted after char	ging/(crediti	ng):
				2022	2021
				Total	Total
					f
Depreciation				112,501	96,540
Operating	lease rentals:
Property				26,249	25,000
Other					8,890
Auditors'	remuneration	(excluding	VAT):
Audit				10,650	9,700

							2022	2021
							f	f.
Salaries and	wages						788,972	694,344
Redundancy	and termination		costs					21,498
Social security costs							51,494	45,590
Employer's	contribution	to	defined	contribution	pension	schemes	13,966	11,216
Other staff	costs						45255	32,553
							899,687	805,201

he charity h	ad	the	following transactions	with its subsidiary companies during	with its subsidiary companies during	the year:
				Park Theatre Cafe Bar		Park	Theatre
					Limited	Productions	Limited
				2022	2021	2022	2021
				f	f	f
Income during		the	year
Expenditure	during		the year	17,200		99,342
Balance receivable			at the year end	(118,455)		(40, 107)

				2022	2021
				Total	Total
					f
UK	Corporation	Tax	credit	47,197

The group		Long term	Fixtures
		leasehold	and	Office
		property	fittings	equipment	Total
Cost		f	f	f	f
At the start of the year Additions in year		1,978,387 66,042	289,460 63,084	49,625 25,428	2,317,472 154,554
At the end	ofthe year	2,044,429	352,544	75,053	2,472,026
Depreciation
At the start of the year Charge for the year		577,142 83,762	243,680 21,828	48,304 6,911	869,126 112,501
At the end	ofthe year	660,904	265,508	55,215	981,627
Net book value
At the end	ofthe year	1,383,525	87,036	19,838	1,490,399
At the start	of the year	1,401,245	45,780	1,321	1,448,346

All ofthe above assets are used fo	r charitable purposes.
The charity
	Long term	Fixtures
	leasehold	an cl	Office
	property	fittings	equipment	Total
	f		f
Cost
At the start ofthe year Additions in year	1,978,387 66,042	289,460 63,084	49,625 16,538	2,317,472 145,664
At the end ofthe year	2,044,429	352,544	66,163	2,463,136
Depreciation
At the start ofthe year Charge for the year	577,142 83,762	243,680 21,828	48,304 4,688	869,126 110,278
At the end ofthe year	660,904	265,508	52,992	979,404
Net book value
At the end ofthe year	1,383,525	87,036	13,171	1,483,732
At the start ofthe year	1,401,245	45,780	1,321	1,448,346

Investments	in subsidiary
companies	at cost

					Park Theatre	Cafe Bar	Park Theatre	Productions
						Limited		Limited
					2022	2021	2022	2021
						f		f
Turnover					181,200	384	401,816
Cost of sales					(57,459)	(3,187)	(355,915)
Gross profit/(loss)					123,741	(2,803)	45„901
Administrative expenses					(119,757)		(836)	(60)
Bank interest							1	1
Operating profit / (loss)					3,984	(2,800)	45,066	(58)
Theatre tax	credit
Profit/(loss)	on ordinary		activities		3,984	(2,800)	45,066	(58)
Distribution to parent Reverse Taxation		under		gift aid			(4,437)	8,570
Profit/(loss)	for the financial			year	3,984	(2,800)	40,629	8,512
Funds					(55,197)	(59,182)		(40,628)

				The group		The charity
				2022	2021	2022	2021
							f
	Finished	goods		3,755
				3,755
1	3.Debtors
				The group		The charity
				2022	2021	2022	2021
				f		f	f
	Amounts	owed to group undertakings				158,564	107,319
	Trade debtors			52,018	49,130	52,018	47,767
	Prepayments		and accrued income	265,531	108,098	225,036	108,098
	VAT debtor			51,508	50,504	59,304	50,504
	Other debtors			32,813	27,732	32,813	27,732
				401,871	235,463	527,735	341,420

			The group		The charity
			2022	2021	2022	2021
					f	f
Amounts	owed to group undertakings
Trade creditors			100,984	24,520	91,713	24,574
Taxation	and social security		16,804	11,782	16,804	11,782
Other creditors			16,200	72,612	15,946	72,616
Accruals	and deferred	income	362,037	147,716	355,054	146,926
			496,025	256,630	479,517	255,898

		General	Designated	Restricted	Total
		unrestricted	funds	funds	funds
Tangible	fixed assets	106,874	1,383,525		1,490,399
Net current assets		1,114,725		37,858	1,152,583
Net assets at 31 March 2022		1,221,599	1,383,525	37,858	2,642,982
b) Analysis	ofgroup net assets between	funds (Prior year)
		General	Designated	Restricted	Total
		unrestricted	funds	funds	funds
			f		f
Tangible	fixed assets	47,101	1,401,245		1,448,346
Net current assets		880,277		28,375	908,652
Net assets at 31 March 2021		927,378	1,401,245	28,375	2,356,998

.Movements in funds (C	urrent	year)
								At 31
		At	1 April	Income &	Expenditure			March
			2021	gains	& losses	Transfers		2022
Restricted funds:			f	f	f		f
ACE - Cultural Recovery Fund ACE - Emergency Recovery				212,500	(212,500)
Fund				200,000	(200,000)
Alex Sweet &Jenny Berrisford				8,000	(8,000)
Annual Fund Chapman Charitable Trust City Bridge - Access				3,901 2,000	(3,901) (2,000)
Programme Claire &Scott Mackin			4,375	13,575 10,000	(13,425) (10,000)			4,525
Deirdra Moynihan				1,000	(1,000)
D'Oyle Carte				4,000	(4,000)
DWP Resource Management				10,319	(10,319)
Garfield Weston Foundation Kickstart Access Media CIC				40,000 12,358	(6,666) (12,358)			33,334
Lady Brittan Anonymous				1,000 5,000	(1,000) (5,000)
Maria Bjornson Memorial Mercer's Charitable				5,000	(5,000)
Foundation			5000		(5,000)
National Lottery			12,000	11,300	(23,300)
Noel Coward Grant Robert Timms				1,370 10,000	1,370 (10,000)
Ron Jacob Simon Godwin			7,000	1,150 50,000	(8, 150) (50,000)
Victoria Wood Foundation				4,980	(4,980)
Total restricted funds		28,375		607,453	(597,969)			37,859
Unrestricted funds:
Designated funds:
Property fund		1,401,245			(83,762)	66,042		1,383,525
Total designated funds		1,401,245			(83,762)	66,042		1,383,525
General funds		1,027,192		864,669	(549,024)	(66,042)		1,276,795
Non-charitable trading	funds	(99,811)		583,017	(538,404)			(55,198)
Total unrestricted funds		2,328,626		1,447,686	(1,171,190)			2,605,122
Pension fund
Totalfunds		2,357,001		2,055,139	(1,769,159)			2,642,981

								At 31
			At	1 April	Income &	Expenditur		March
				2020	gains f	e 8 losses	Transfers f	2021
Restricted funds:
ACE					35,000	(35,000)
City Bridge - Access
Programme				4,375	8,900	(8,900)		4,375
National Lottery					15,250	(15,250)
Garfield Western					20,000	(8,000)		12,000
Creative Learning				4,000	10,000	(7,000)		7,000
Isiington Borough		Council			25,000	(25,000)
Mercer's Charitable
Foundation				5,000	5,000	(5,000)		5,000
Lady Brittan					2,500	(2,500)
ACE - Cultural Recovery Fund					225,000	(225,000)
Annual Fund					6,020	(6,020)
Total restricted	funds			13,375	352,670	(337,670)		28,375
Unrestricted funds:
Designated funds:
Property fund			1,463,999			(79,184)	16,430	1„401,245
Total designated		funds	1,463,999			(79,184)	16,430	1,401,245
General funds			606,985		1,211,374	(774,737)	(16,430)	1,027,189
Non-charitable	trading
funds			(105,521)		388	5,323		(99,811)
Total unrestricted		funds	1,965,461		1,211,762	(848,600)		2,328,623
Total funds			1,978,836		1,564,432	(1,186,270)		2,356,998

			Unrestricted	funds	Restricted	2021
			General	Designated	funds	Total
		Note		f
Income from:
Donations and legacies		2	1,141,587		352,670	1,494,257
Charitable activities		3	61,218			61,218
Other trading activities		4	8,957			8,957
Total income			1,211,762		352,670	1,564,432
Expenditure on:
Raising funds			278,581			278,581
Charitable activities			490,835	79,184	337,670	907,689
Total expenditure		Sa	769,416	79,184	337,670	1,186,270
Net income / (expenditure)
for the year			442,346	(79,184)	15,000	378,162
Theatre Tax Relief
Transfers between	funds	20	(16,430)	16,430
Net income / (expenditure)
and net movement	in funds		425,916	(62,754)	15,000	378,162
Reconciliation offunds:
Total funds brought
forward			501,462	1,463,999	13,375	1,978,836
Total funds carried	forward		927,378	1,401,245	28,375	2,356,998