##
##
|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|||
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||||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|
##
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##
##
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##
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##
##
||||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|