## Stockport Garrick Theatre Limited ## Treasurer’s Report on the Accounts to 30 April 2021 Due to the pandemic the Theatre has been closed all year to the Public. The only positive from this was our chance to have the Basement refurbishment carried out without affecting other aspects of the Theatre. The main contract was completed in October and the ventilation was done in March. After the year end the flooring has been completed and this just leaves work on heating, sound and lighting together with the purchase of chairs and other incidentals. The cost to the end of the year was £278,000 and subsequent expenditure to date is £15,000. I think people who have seen the area are greatly impressed. I must make mention here of the incredible effort put into the work by Morgan. It is also pleasing to note that it is already being used by our Youth Theatre. ## Production Expenditure This relates to our monthly charge to PagePlay for the maintenance of our website and a survey undertaken with people who have been to see our plays in previous years. ## Bar and Catering A small amount of stock was sold at a discount to our members and the stock value has been reduced to reflect the out of sell date items. ## General Income Subscriptions Membership of 149 is 11% down on last year. The income includes £400 from Douglas Powrie who has become a life member. Your Theatre Lottery We have been members of this lottery for 9 months and we receive 60% of lottery fees paid by our members. Rents- Rental receipts are up to date. The Spinning Top, although they have agreed to a new 20 year lease we are still waiting to agree a schedule of condition. During the last year they have made significant improvements to the premises. Urban Haus asked if their lease renewal could be delayed until September to see what impact the pandemic would have on them. My understanding is that they have been very busy, so hopefully they will want to renew. Donations Several members have kindly made donations with their membership renewal and other events like Faye’s Birthday on Facebook and Helen Edwards birthday donations have been gratefully received. Youth Theatre Understandably income is well down but Faye ably supported by Rachel have continued to engage with the youngsters whether on Facebook or with limited numbers in the main auditorium. Gift Aid Refunds Mainly relates to the people who supported our Crowdfunding project and membership fees. Fundraising Relates to our appeal to raise money for the Basement ventilation. Grants Figure comprises of the following grants: Garfield Weston Foundation £25,000 Foyle Foundation 20,000 Manchester Airport Community 2,950 SMBC Ward Funding 2,450 SMBC re Covid Grants 11,050 Taking account of the £10,000 received in March 2020 and £8,000 received in May 2021 we have received £29,050 in respect of support re Covid. ## General Expenditure Overall general expenditure is 21% down on the previous year. Repairs Main items are boiler repairs £1,965 and emergency lighting £1,359. Mortgage Interest £2,398 relates to the new loan which has an interest rate of 4.5% above bank base rate. Professional Fees Includes £2,350 to Millsons re the basement and £1,320 re property valuation which is £2.2million. Bank Charges Includes £1,500 charged by the Charity Bank for the Loan ## Balance Sheet Fixed Assets Additions in the year were £278,626 re the basement and the depreciation charge was £20,767 calculated at 7.5% of the written down value. In the light of the property valuation we are proposing to reduce the depreciation rate to 4% Debtors Includes £2,348 re gift aid, £961 re royalty and scripts and £696 re insurance prepaid Bank Account The Charity Bank balance was a requirement of the loan in case we were not in a position to make the monthly repayment. Current Liabilities Includes accruals re the basement £8, 740, loan repayments due in the next 12 months £8,262 and £2,042 re rent paid in advance by The Spinning Top. Loan Charity Bank The loan was £100,000 over a 10 year period starting in October 2020. Stockport Garrick Theatre Ltd Income and Expendltum for the Yew lo 30 Aprll 2021 3¢>Apr-21 30-Apr.20 Prodltalon In¢orne and Expendlture Tickets Pro8rammes le55 Commission OA ￿leS 41212 931 -2882 Net Tlthet Sal•s 39261 Pr¢ps Cast Photographs Tralning Wardrobe & Costume Hire Lighlln8 Set Construction Publicity ROY￿tIeS c*ets Pro8rammes 428 920 7C#) 494 1082 956 3261 6024 71 696 2247 1625 719 Muslcians 719 18504 Pr•durtlon Surplus .?19 20757 Bar ahd Caterlng IrKome arA É¥p•ndJtur• Bar Taktngs Caterlng 19514 796 20310 38 Openlne Stcxk Purchases Closing Stock 1124 1671 8S91 -1124 -758 9138 Bar o1•r1￿ Surplus -328 11172 Gener•1 Income Subscriptions Wardrobe Hire Your Theatre Lottery Theatre ￿pre Rents net of Managernent Costs 3790 431S 252 317 1720 29150 187 41485 26220 950 iii 642 29150 Donation5 Youth Group Fees Gift Aid Refund5 Fundraisin8 Grants 2568 8557 2345 7229 614SI 115820 114707 Stockport Garrick Theatre Ltd Income and Expendlture for the Year to 30 Aprfl 2021 Actual Artual 30-Apr-21 30-Apr-20 General Expendlture Wages Telèphtsnè & Postage Prlnting & Statlonery New51etter 17409 17727 793 2254 393 126 Rates 296 Mortgage Interest Subs¢riptSons General 2484 510 296 324 1560 1917 Repairs & Cleanin8 Heat Light & Water Youth Group Tutorial Professional Fees 8361 14771 6211 7186 6401 13900 3670 5220 Social Group Bank Char8es Vat Partially Exempt Disallowed Legal Fees Insurance 456 2593 851 2608 2110 1250 7026 6196 59412 75490 General Surplus 39217 Summary Productiohs -719 207S7 8ar & Catering General .328 11172 56408 39217 Depreciatlon -20767 .10899 Surplus tor th• Year 34S94 60247 Stockport Garrlck Theatre Ltd BalanG• sheet at 30 Aprll 2021 and 30 Awll 2020 3￿A￿-21 3t>Apr-20 Flxed Assets Land and Buildin85 12921 12921 Eouipment and Fixtures 32960 35537 Theatre Improvements 89047 Auditofium Improvements J18S6 12782 408146 IS0287 Current Assets Stoc Debtors and Prepayments Bank Accounts CAF 8ank Current CAF 8ank Gold Charity Bank 758 4876 1124 $493 4531 46537 62CYJ 202952 57268 203961 Cash 277 344 L•ss Curr•nt Ll•bllitb -24137 .16494 Net Curr•nt Ass•ts 194428 L•ss D•f•ir•d In¢om• Loan Chwlty Bank 87879 Total Net Worth 359309 324715 Represented bv Capitsl Fund at start of ihe year surplus for the period 324715 34594 264468 60247 359309 324715 I have examined ihe Stockport Garrick The3tre Ltd Accounts lor the year to 30 April 2021 wth the books nd vouchers relatin8 there to and have obtained all the explanations that I required. I certify that In my opinlon the Income and Expenditure Accouni and 8alance Sheet accurate￿ reflect the transactions carried ouc on behall OF lh¢ Stockport Garritk T￿atre Ltd by its offkers and members. 21 June 2021 Maxwell Wlld ## Stockport Garrick Theatre Ltd Balance Sheet at 30 April 2021 and 30 April 2020 ||**30-Apr-21**||**30-Apr-20**|| |---|---|---|---|---| |**Fixed Assets**||||| |Land and Buildings||12921||12921| |Equipment and Fixtures||32960||35537| |Theatre Improvements||350409||89047| |Auditorium Improvements||11856||12782| |||**408146**||**150287**| |**Current Assets**||||| |Stock||758||1124| |Debtors and Prepayments||4876||5493| |Bank Accounts||||| |CAF Bank Current|4531||1009|| |CAF Bank Gold|46537||202952|| |Charity Bank|6200||0|| |||57268||203961| |Cash||277||344| |**Less Current Liabilities**||-24137||-16494| |**Net Current Assets**||**39042**||**194428**| |**Less Deferred Income**||0||20000| |**Loan Charity Bank**||87879||0| |**Total Net Worth**||**359309**||**324715**| |**Represented by**||||| |Capital Fund at start of the year|324715||264468|| |Surplus for the period|34594||60247|| |||**359309**||**324715**| I have examined the Stockport Garrick Theatre Ltd Accounts for the year to 30 April 2021 with the books and vouchers relating there to and have obtained all the explanations that I required. I certify that in my opinion the Income and Expenditure Account and Balance Sheet accurately reflect the transactions carried out on behalf of the Stockport Garrick Theatre Ltd by its officers and members. 21 June 2021 Maxwell Wild