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|||||||Pages|
|---|---|---|---|---|---|---|
|Report ofthe|Trustees|||||1 to 10|
|Independent|Auditors'|Report||||11to 14|
|Statement of|Financial|Activities||(incorporating|the|15|
|income and expenditure|||account)||||
|Balance Sheet||||||16|
|Statement of|Cash Flows|||||17|
|Notes forming|part ofthe||financial|statements||18to 31|
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|||REPORT OF THE TRUSTEES|
|---|---|---|
|||For the year ended 31 March 2022|
|Auditor|||
|Dains Audit Limited|||
|Suite 2, Albion House|||
|2 Etruria Office Village|||
|Forge Lane|||
|Stoke on Trent|||
|Staffordshire|||
|ST1 5RQ|||
|Bankers|||
|Barclays Bank pic|||
|Solicitors|||
|Knights
LLP|||
|The Brampton|||
|Newcastle
under Lyme|||
|Staffordshire|||
|ST5 OQW|||
|Structure,
Governance|and Management||
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|||For|the year ende|d 31 March 202|2|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2022 Total|2021 Total|
||||Note|Fundsf|Fundsf|Fundsf|Fundsf|
|Income from||||||||
|Donations
and Legacies||||91,100|51,312|142,412|252,773|
|Other trading
activities||||46,689||46,689||
|Charitable
activities||||||||
|Programming||||156,674||156,674|(6,955)|
|Provision ofTheatre Activities||||94,801||94,801|23,306|
|Interest received||||85||85|138|
|Total Income||||389,349|51,312|440,661|269,262|
|Expenditure
on raising|funds||10|70,531||70,531|44,852|
|Charitable
activities||||||||
|Programming|||10|141,280|1,595|142,875|16,914|
|Operation
ofTheatre|||10|174,273||174,273|153,720|
|Total expenditure||||386,084|1,595|387,679|215,486|
|Net income I(expenditure)||||3,265|49,717|52,982|53,776|
|Gross transfer
between|funds||18|49,717|(49,717)|||
|Net movement
in funds||||52,982||52,982|53,776|
|Fund balances at the beginning||ofthe year|18|5,027,744|4,589|5,032,333|4,978,557|
|Fund balances at the end of||the year|18|5,080,726|4,589|5,085,315|5,032,333|
|||||A|s at 31 March|2022||||
|---|---|---|---|---|---|---|---|---|---|
||||||Note||2022||2021|
|Fixed assets||||||||||
|Tangible assets|||||14||4,813,698||4,823,293|
|Current assets||||||||||
|Stock|||||15|3,000||||
|Debtors|||||16|9,058||2,030||
|Cash at bank|and in|hand||||324,761||264,002||
|||||||336,819||266,032||
|Liabilities||||||||||
|Creditors: amounts||falling|due under|1 year|17|65,202||56,992||
|Net current assets|||||||271,617||209,040|
|Total assets|less current||liabilities||||5,085,315||5,032,333|
|Restricted funds|||||18|4,589||4,589||
|Designated|fuds||||18|4,783,337||4,785,189||
|Unrestricted|income|funds|||18|||||
|General||||||297,389||242,555||
||||||||5,085,315||5,032,333|
||||Note|2022f|2021
F|
|---|---|---|---|---|---|
|Cash flows from operating||activities||||
|Net cash|generated
from activities||22|61,661|106,319|
|Cash flows from investing||activities||||
|Payments|to acquire tangible|fixed assets|14|(902)||
|Net cash|flow from investing
activities|||||
|Net increase
in cash and cash equivalents||||60,759|106,319|
|Cash and|cash equivalents|at 1 April 2021||264,002|157,683|
|Cash and|cash equivalents|at 31 INarch 2022||324,761|264,002|
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|Donatio|ns|and legacies||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted||
||||funds|funds|Total|
||||2022|2022f|2022f|
|Individual|donations||1,100|1,500|2,600|
|Government||grants||50,062|50.062|
|Grants —Other agencies|||90,000|(250)|89,750|
||||91,100|51,312|142,412|
||||Unrestricted|Restricted||
||||funds|funds|Total|
||||2021|2021|2021|
||||f|f|f.|
|Individual|donations|||||
|Government
grants
Grants —Other agencies|||40,171
92,000|84,402
36,200|124,573
128,200|
||||132,171|120,602|252,773|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|Funds|
||||2022f|2021f|
|Cafe / bar sales|||46,180||
|Other trading|income||509||
||||46,689||
|Income from charitable||activities —programming|||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2022f|2021f|
|Ticket sales|||150,322|(7,130)|
|Programming|||6,352|175|
||||156,674|(6,955)|
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|Income from charit|able
|activities —hire ofth|eatre facilitie|s||||
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Unrestricted|
|||||||Funds|Funds|
|||||||2022f|2021f|
|Hire of auditorium,|dance|studio and provision|of educational|facilities||86,941|23,306|
|Meeting
room hire||||||7,860||
|||||||94 801|23,306|
|Analysis ofexpenditure||by activity||||||
|Charitable
activities|||||Direct costs|Support costs|Total|
|2022|||||2022|2022|2022|
|Donations
and legacies||||||56,332|56,332|
|Other trading
activities|||||70,531|18,468|88,999|
|Programming|||||142,875|61,974|204,849|
|Provision oftheatre|activities|||||37,499|37,499|
|Interest received||||||||
|Total|||||213„406|174273|387,679|
|Charitable
activities|||||Direct costs|Support costs|Total|
|2021|||||2021|2021|2021|
|Donations
and legacies||||||140,743|140,743|
|Other trading
activities|||||44,852|12,977|57,829|
|Programming|||||16,914||16,914|
|Provision oftheatre|activities|||||||
|Interest received||||||||
|Total|||||61,766|153,720|215,486|
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||||Restricted|Unrestricted||
|---|---|---|---|---|---|
|Charitable|activities||Reserves|Reserves|Total|
|2022|||2022|2022|2022|
|Donations|and legacies|||90,000|90,000|
|Other trading||activities||70,531|70,531|
|Programming|||1,595|141,280|142,875|
|Provision|of|theatre activities||84,273|84,273|
|Interest received||||||
|Total|||1,595|386084|387,679|
||||Restricted|Unrestricted||
|Charitable|activities||Reserves|Reserves|Total|
|2021|||2021|2021|2021|
|Donations|and legacies||27,442|113,301|140,743|
|Other trading||activities|5,530|52,298|57,828|
|Programming|||3,028|13,886|16,914|
|Provision|of|theatre activities||||
|Interest received||||||
|Total|||36,000|179486|215,486|
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|Analysis of||expenditure:||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted||
||||funds|funds||
|Expenditure||on fundralsing|2022|2022|Totalf|
|Employment||costs|45,958||45,958|
|Supplies|||24,393||24,393|
|Licenses|||180||180|
||||70,531||70,531|
|Charitable|activities —programming|||||
|Employment||costs|25,359||25,359|
|Performance||costs|757|1,595|2,352|
|Bad debts||||||
|Ticket costs|||5,661||5,661|
|Ticket settlements|||109,504||109,504|
|ELS Project||costs||||
||||141,280|1,595|142,875|
|Support costs||||||
|Employment||costs|59,406||59,406|
|Building
running
costs|||54,231||54,231|
|Depreciation|||10,497||10,497|
|Professional||fees and governance|3,450||3,450|
|Consultancy||fees|3,580||3,580|
|Administration||costs|43,109||43,109|
||||174,273||174,273|
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|Analysis
|o|fexpenditure
—31 March 2021:||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted||
||||funds|funds||
||||2021|2021|Total|
|Expenditure||on fundraising||E||
|Employment||costs|40,938||40,938|
|Supplies|||734|3,000|3,734|
|Licenses|||180||180|
||||41,852|3,000|44,852|
|Charitable|activities —programming|||||
|Employment||costs|11,026||11,026|
|Performance||costs|501||501|
|Bad debts|||1,266||1,266|
|Ticket costs|||621||621|
|Ticket settlements|||472|3,028|3,500|
|ELS Project||costs||||
||||13,886|3,028|16,914|
|Charitable|activities —theatre facilities|||||
|Employment||costs|60,503||60,503|
|Building
running
costs|||32,764|20,380|53,144|
|Depreciation|||10,708||10,708|
|Professional||fees and governance||3,300|3,300|
|Consultancy||fees|986|211|1,197|
|Administration||costs|18,787|6,081|24,868|
||||123,748|29,972|153,720|
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||2022|2021|
|---|---|---|
|||F|
|Wages and salaries|104,963|106,345|
|Social security|3,469|4,312|
|Pension cost|1,744|1,810|
||110,174|112,467|
##
|The total nu|mber
of em|ployees
(i|ncluding
part time staff) during
the year was as|follows:|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Fundraising|and trading||||4|5|
|Management|and administration||||||
|Movement|in total funds for the||year is stated after charging:||||
|||||2022||2021|
|||||f|||
|Auditors
remuneration||—external|audit|3,450||3,300|
|Depreciation|oftangible|fixed assets||10,497||10,708|
|Operating
lease rentals||||2,167||1,433|
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|14|Tangible fixed ass|et|s|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Freehold||Furniture,||||
|||||||interest|in|fixtures|&|Computer||
|||||||buildingsf||fittingsf||Equipment
F|Total
F|
||Cost|||||||||||
||As at 1 April 2021|||||4,792,597||93,233||18,883|4,904,713|
||Additions|||||||||902|902|
||As at 31 March 2022|||||4,792,597||93,233||19,785|4,905,615|
||Depreciation|||||||||||
||As at 1 April 2021|||||7,408||56,361||17,651|81,420|
||Charge for the year|||||1,852||8,147||498|10,497|
||As at 31 March 2022|||||9,260||64,508||18,149|91,917|
||Net book value|||||||||||
||As at 31 March 2022|||||4,783,337||28,725||1,636|4,813,698|
||As at 31 March 2021|||||4,785,189||36,872||1,232|4,823,293|
|15|Stock|||||||||||
|||||||||||2022
F|2021f|
||Goods held for resale|||||||||3,000||
|16|Debtors|||||||||||
|||||||||||2022f|2021f|
||Trade debtors|||||||||6,068|1,627|
||Other debtors|||||||||8||
||Prepayments
and accrued|||income||||||2,983|403|
|||||||||||9,058|2,030|
|17|Creditors: amounts||falling|due|within one year|||||||
|||||||||||2022
F|2021f|
||Trade creditors|||||||||11,003|3,262|
||Other creditors and|accruals||||||||54,199|53,730|
|||||||||||65,202|56,992|
||Deferred income|||||||||||
||Deferred
income at 1||April|||||||8,167|7,000|
||Resources deferred|during||the year||||||8,647|8,167|
||Amounts
released|from previous|||year|||||(8,167)|(7,000)|
||Deferred income at 31 March|||||||||8,647|8,167|
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||||||Balance at 1||||Transfer|Balance at 31|
|---|---|---|---|---|---|---|---|---|---|---|
||||||April 2021f|Income
f|Expenditure|f|between funds
f|March 2022
f|
|Unrestricted||funds|||||||||
|General
fund||and|non-||||||||
|charitable
trading|||funds||242,555|389,349|384,232||49,717|297,389|
|Designated||funds|||||||||
|Designated|funds||||4,785,189||1,852|||4,783,337|
|Restricted funds|||||||||||
|Kitchen Project|||||500|||||500|
|ELS|||||1,239|||||1,239|
|Mayors
Fund|||||250|||||250|
|UK Youth Generate||||Fund|2,400|||||2,400|
|YMCA Fund||||||(250)|||250||
|Coronavirus||Job|Retention||||||||
|Scheme||||||50,062|||(50,062)||
|Film Feels||||||1,500|1,595||95||
|Partners
on|creative|||learning|200|||||200|
||||||4,589|51,312|1,595||(49,717)|4,589|
|Total|||||5,032,333|440,661|387,679|||5,085,315|
|Analysis of||fund|movements||—March 2021||||||
||||||Balance at 1||||Transfer|Balance at 31|
||||||April 2020f|Incomef|Expenditure||between funds|March 2021f|
|Unrestricted||funds|||||||||
|General
fund||and|non-||||||||
|charitable
trading|||funds||187,127|148,660|177,634||84,402|242,555|
|Designated||funds|||||||||
|Designated|funds||||4,787,041||1,852|||4,785,189|
|Restricted funds|||||||||||
|Kitchen Project|||||500|||||500|
|ELS|||||1,239|||||1,239|
|Mayors fund|||||250|||||250|
|UK Youth Generate||||Fund|2,400|||||2,400|
|YMCA Fund|||||||||||
|Coronavirus||Job|Retention||||||||
|Scheme||||||84,402|||(84,402)||
|Cultural
Recovery|||Fund|||36,000|36,000||||
|Partners
on||Creative||||200||||200|
|Learning|||||||||||
||||||4,389|120,602|36,000||(84,402)|4,589|
|Total|||||4,978,557|269,262|215,486|||5,032,333|
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|Analysis of net as|sets —31 March 2022|||||
|---|---|---|---|---|---|
|||Restricted|Designated|General||
|||funds|funds|funds|Total|
|||f.|F|F|F|
|Tangible fixed assets|||4,783,337|30,361|4,813,698|
|Current assets||4,589||332,230|336,819|
|Creditors: amounts|falling due within one year|||(65,202)|(65,202)|
|||4,589|4,783,337|297,389|5,085,315|
|||Restricted|Designated|General||
|---|---|---|---|---|---|
|||funds
F|funds
F|fundsf|Totalf|
|Tangible fixed assets|||4,785,189|38,104|4,823,293|
|Current assets||4,589||261,443|266,032|
|Creditors: amounts|falling due within one year|||(56,992)|(56,992)|
|||4,589|4,785,189|242,555|5,032,333|
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|||||2022|2021|
|---|---|---|---|---|---|
||||||F|
|Net movements||in funds||52,982|53,776|
|Add back depreciation|||charge|10,497|10,708|
|Add back loss||on disposal ofassets||||
|Movement|in stock|||(3,002)|3,701|
|Movement|in debtors|||(7,028)|5,834|
|Movements|in|creditors||8,209|32,300|
|||||61,661|106,319|
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|1 April||31 March|
|---|---|---|
|2021|Cash flows|2022|
|F|||
|264,002|60,759|324,761|
|264,002|60,759|324,761|
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||||2022|2021|
|---|---|---|---|---|
||||F||
|Amounts||payable|||
|Within|1|year||903|
|Between||1 and 5years|||
|||||903|
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|he carrying
amounts|o|fthe c|harity's
fin|ancial
in|struments
are as follows:|||
|---|---|---|---|---|---|---|---|
|||||||2022
f|2021
f|
|Financial assets||||||||
|Debt instruments|measured||at amortised cost|||||
|Debtors (Note 16)||||||6,608|1,627|
|Other debtors (Note 16)||||||8||
|Prepayments
and Accrued income (Note 16)||||||2,983|403|
|||||||9,058|2,030|
|Financial
liabilities||||||||
|Measured
at amortised||cost||||||
|Trade creditors
(Note||17)||||11,003|3,262|
|Other creditors
and|accruals||excluding|deferred|income (Note 17)|45,552|45,563|
|||||||56,555|48,825|
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