## **Stockport Garrick Theatre Limited** ## **Treasurer’s Report on the Accounts to 30 April 2023** ## Production Income and Expenditure In the year we have presented 9 productions, 6 as main stage and 3 as studio. Attendances have held at 54% for main stage and improved to 87 % for studio. Regrettably main production attendances are still 10% down on pre pandemic figures. Expenditure has generally been kept to a low figure. ## Bar and Catering Sales have continued to rise mainly as a result of the monthly Comedy Club which usually generates £850 per event. The margin has improved by 2% to 55% ## General Income Subscriptions Membership of 146 is 6% up on last year. Your Theatre Lottery Although up on last year due to them delaying a payment of £344, the current figure is just £6.50 per week due to many members withdrawing from the scheme. Theatre Hire Apart from the Comedy Club which contributed £1650, a tribute band to 10CC generated £1050, and recently an Iranian Theatre Group contributed £900. It is positive that both the Comedy Club and the Iranian Group used the Theatre Downstairs. Rents Rent receipts are up to date. Terms have been agreed with The Spinning Top for a new 20 year lease, the new rent being £750 more at £13,000. The lease document has been signed. The new lease for Urban Haus Design Studio has been forwarded to their Solicitors for agreement. New terms £17,000 for 12 months and then £18,000. Donations £5,000 was bequeathed to the Theatre by the husband of Marjorie Heaps Several members made kind donations of over £100. Youth Theatre An excellent year with most age groups fully taken up. The income of £34,572 is £3,600 higher than 2022. The net contribution after taking account of associated costs and Faye’s fee is £19,208, £4,900 higher than 2022. Gift Aid Refunds Relates to the generous donations received in the year and membership fees. Fundraising A big thank you to Sam Marriott who raised £1,084 from his Mountain Marathon. Grants £5,000 received from The Ardonagh Trust, a Company Sam is involved with. ## General Expenditure Overall general expenditure is just 4% up on the previous year. Repairs No major repairs in the year following the decision to defer the expenditure on the Auditorium lights and ventilation in the Green Room and Dressing Room. Loan Interest Regrettably interest rates have gone up by 4% in the year, meaning that we are now paying 8.5%. Cash flow enabled us to make a lump sum payment of £10,000 in January and the forecast for the next year indicates that we can pay of a further £10,000 in January. Heat and Light We negotiated new contracts for both electricity and gas in September 2021, and although the prices went up by an average of 35%, the figures are well below current rates. The contracts are due for renewal in September 2024. Legal Fees Relate to the lease for the Spinning Top. Balance Sheet Fixed Assets A further £8,000 has been spent on the Theatre Downstairs mainly in relation to the bar and lighting. Debtors Includes £1,212 re gift aid, £7,411 re royalty and scripts, £1,032 re insurance and £1,347 re money due from Ticket Source. Bank Account Now that the pandemic is over we were able to offset the £6,200 against the loan. The balance was and continues to be healthy and will remain above £30,000 in the short term until the ventilation work is undertaken. Current Liabilities Includes loan repayments of £5,360 due in the next year and accruals of £3,072. Also deferred income re Youth Theatre fees for the summer term of £4610. In summary the Theatre made a surplus of £32,397 in the year after charging depreciation of £18,398. ## Post Year End We have produced a budget for the year to 30 April 2024 which shows a surplus of £29,195 before depreciation, based on 6 main productions playing to an audience of 60-65% and 3 studio productions playing to an audience of 80%. The budget includes £5,000 for Auditorium lights and capital expenditure of £4,000 on CCTV and £12,000 on ventilation for the Green Room and Dressing Room. Stockport Garrlck Theatre Ltd Incom• and Expendlture lor tho Year to 30 Aprll 2023 Actual a&Apr-23 Artual 3fyApr-22 Productlon Income and Empendlture Tickets Programmes less Comrnission on Sales 38252 607 -2355 21648 249 -1520 N•tTkket 5•les 36504 20377 Props Cast Photograph5 Wardrobe & Costume Hire LSghting Set Construction Publicity Royalties Pro8rammes Scrlpts 870 47 223 ioio 1669 4177 576 602 155 398 796 1779 4574 1252 10706 9861 Produttion surplus 25798 10516 8ar and Cat•rln8 Income and Expendlwr• Bar Takln85 Catering 27020 821 27841 17837 452 18289 OpeninB Stock Purchases aosing Stotk 1282 14238 -2545 758 -1282 12975 8570 Bar and Caterlng Su￿1￿$ 14866 9719 General Income Subscriptions Wardrobe Hire Your Theatre Lottery Theatre Hlre Rents net ot Mana8ernent Costs Interest Donatif>ns Youth Group Fees Gift Aid Refunds Fundralsing Grants 4188 67 791 4100 29150 356 7812 34572 1212 1496 4290 237 311 82S 29150 6117 30956 2018 1504 10667 86081 Stockport Garrick Theatre Ltd Income and Expenditure for the Year to 30 April 2023 Attual Artual Apr-23 30-Apr-22 General Expendlture Wages Telephone & Postage Printing & Stationery Rate5 23289 22562 1366 1118 643 97 115 Mortgage Interest Subscriptions General 5441 4341 181 446 2579 2066 Repairs & Cleaning Heat Light & Water Youth Group Tutorial Prolessional Fees Social Group Bank Charges Vat Partially Exempt Thsallowed Legal Fees Insurance 5041 6378 11475 11448 15364 16672 -1545 83 118 1498 1232 1628 1787 1062 750 75677 General Surplus 10131 Summ•ry Productions 25798 10516 Bar & Catering General 9719 10131 10404 Depreciation -18398 -18275 Surplus for the Year 32>97 12364 stockport Garrick Theatre Ltd Balance Sheet at 30 Aprll 2023 and 30 Ayll 2022 3fyApr.23 Ftxed Assets Land and Buildt 12921 12921 Equipment and Fixtures 38135 38525 Theatre Improvements 364487 375833 Auditorium Improvements 10264 11026 Current Assets Stock Debtors and Prepaymer Bank Accounts CAF Bank Cu￿ent CAF Bank Gold arity Bank 2545 13656 1282 7114 2447 37302 iioi 26043 62C 39749 33344 Cash 401 215 Less CwFent Lipbilitits -20110 Net Current A￿ts 36241 Less Loro.Term Llabllltles Lo¥n Charlty Bank 57978 79497 Totsl Net Wonth 371673 Rèpresented by Capital Fund at stsrt ol ihe year Surplus for the period 371673 32397 359309 12364 404070 371673 I have examined the Stockport GarrickTheatre Ltd Accounts for the yearto 30 April 2023 with the books nd vouchers relating there to and have obtained all the explanations that I required. I certify that in my opinton the Income and Expenditure Account and Balar￿e Sheet accurate(v reflect the transactions carried out on behalFofthe Stcdport Garrick Theatre Ltd by its officers and members. 20 June 2023 Maxwell Wild IC+,,O O OLf oio'.TrJ le4 ¢1 .0) r Ml .0 Qioio Ln.co,o'O'1giQ "m l O O (Thlo O'r4 0),0 ) P4 V othoo,o.tho ts)Irw ts). #iQ)ILn Ini ¢731 Ln Tri o)m#. Stockport Garrick Theatre Ltd Balance Sheet at 30 April 2023 and 30 April 2022 30-Apr-23 30-Apr-22 Fixed Assets Land and Buildings 12921 12921 Equipment and Fixtures 38135 38525 Theatre Improvements 364487 375833 Auditorium Improvements 10264 11026 425807 438305 Current Assets Stock Debttirs and Prepayments Bank Accounts CAF Bank Current CAF Bank GDld Charity Bank 2545 13656 1282 7114 2447 37302 1101 26043 6200 39749 33344 Cash 401 215 Less Current Liabilities -20110 -29090 Net Current Assets 36241 12865 Less Long-Term LiabilitiÈs Loan Charity Bank 57978 79497 Total Net Worth 404070 371673 Represented bv Capital Fund at start of the year Surplus for the period 371673 32397 359309 12364 404070 371673 I have examined the Stockport Garrick Theatre Ltd Accounts for the year to 30 April 2023 with the books and vouchers relating there to and have obtained all the explanations that I required. I certify that in my opi.nion the Incorne 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. 20June 2023 Maxwel Wild