| Legal and Administrative: | Backstage Trust (Charity Number 1145887) was established under a Trust Deed |
|---|---|
| dated 30 January 2012. | |
| Trustees: | Dame Susie Sainsbury DBE |
| Mr David Wood | |
| Mr Dominic Flynn | |
| Administrator: | Ms Helen Cave |
| Advisers: | Baroness Genista Mcintosh of Hudnall |
| Professor ian Ritchie CBE RA | |
| Office: | North House |
| 27 Great PeterStreet | |
| London | |
| SW1P 3LN | |
| Charity Number: | 1145887 |
| Bankers: | C Hoare & Co |
| 37 FleetStreet | |
| London | |
| EC4P 4DQ | |
| Solicitors: | Portrait Solicitors (up to 31/07/2022) |
| 21 WhitefriarsStreet | |
| London | |
| EC4Y 8iJ | |
| BDB Pitmans LLP (as from 01/08/2022) | |
| One Bartholomew Close | |
| London | |
| EC1A 7BL | |
| Auditors: | Crowe U.K. LLP |
| 55 Ludgate Hill | |
| London | |
| EC4M 7]W | |
| Investment Powers: | The Trust Deed empowers the Trustees to appoint investment advisers who have |
| discretion to investthe funds oftheTrust within theguidelines established bythe | |
| Trustees. | |
| Objects: | The objects ofthe Trust set out in the Trust Deed are for general charitable |
| purposes. |
| Selection oflargergrants Approved | ||
|---|---|---|
| Arts: | ||
| Belarus Free Theatre | f100,000 | |
| Emergency accommodation for displaced actorswho have effectively been made homeless | ||
| Donmar Warehouse | f100,000 | |
| Continued support of capital works to the building (phase 3 | - improve toilet facilities) | |
| Reading Rep Theatre | £100,000 | |
| Support ofthe ENGAGE community programme | ||
| Talawa Theatre Company | £105,000 | |
| Funding for ‘Talawa Firsts’ showcasing new writing and theatre-making by black | ||
| British artists and creatives | ||
| Coventry CityofCulture | £125,000 | |
| Support for a 2 day production cafled “Faith” (100k plus £25k challenge grant) | ||
| Pitlochry Festival Theatre | £125,000 | |
| £75,000 towards their capitalfunding campaign plus an additional £50,000 challenge grant | ||
| Geese Theatre Company | £146,000 | |
| Support to run the Staging Recovery Community Ensemble project | ||
| English Stage Companyat the RoyalCourt | £150,000 | |
| 3 yearsupport for ‘Participation’, a young people engagement programme | ||
| HallforCornwall | £150,000 | |
| Support towards the capital developmentfund | ||
| Headlong | £160,000 | |
| Funding forthe “Headlong Origins” project | ||
| Garsington Opera | £240,000 | |
| Capital Campaign to create an Arts Hub | ||
| Rose Theatre | £250,000 | |
| Capital grant to redevelop the front of house lobby and auditorium | ||
| Leeds Playhouse | £250,000 | |
| Challenge grant to incentivise matched funding fortheircapital programme | ||
| Jermyn Street Theatre | £300,000 | |
| Core costs to cover critical staffsalaries for 3 years | ||
| Emergency Covid-19 Grants: | ||
| Good Chance Theatre | £105,000 | |
| Cost ofadditional puppeteers due to Covid-19 limitations | ||
| Theatre Development Trust | £250,000 | |
| Additional grant to Theatre Artists Fund for emergency support fortheatre workers |
| Unrestricted | Endowment | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Notes | Funds | Funds | 2022 | 2021 * | |
| £ | £ | £ | £ | ||
| Income and Endowmentsfrom: | |||||
| Donations and gifts | 96,838 | 3,031,250 | 3,128,088 | 4,467,552 | |
| Investments | 559 | - | 559 | 4,205 | |
| Total Income | 97,397 | 3,031,250 | 3,128,647 | 4,471,757 | |
| Expenditure: | |||||
| Charitable activities | |||||
| Grant-making | 2 | 4,265,990 | - | 4,265,990 | 4,010,527 |
| Grant related support costs | 3 | 131,533 | - | 131,533 | 126,459 |
| Total Expenditure | 4,397,523 | - | 4,397,523 | 4,136,986 | |
| Net (Expenditure)/Income | (4,300,126) | 3,031,250 | (1,268,876) | 334,771 | |
| Transfers between funds | 8 | 4,300,126 | (4,300,126) | ||
| Net movement in funds | - | (1,268,876) | (1,268,876) | 334,771 | |
| Total funds broughtforward | - | 2,423,092 | 2,423,092 | 2,088,321 | |
| Total funds carried forward | - | 1,154,216 | 1,154,216 | 2,423,092 |
| Notes | 2022 | 2022 | 2021 | |
|---|---|---|---|---|
| £ | £ | £ | ||
| CURRENT ASSETS | ||||
| Short term investments | 5 | 1,322,966 | 497,497 | |
| Debtors | 6 | 475,000 | ||
| Cash at bank and in hand | 637,126 | 2,105,944 | ||
| 1,960,092 | 3,078,441 | |||
| LIABILITIES | ||||
| Creditors - amounts failing due within 1 year |
7 | 805,876 | 655,349 | |
| NET CURRENTASSETS | 1,154,216 | 2,423,092 | ||
| NET ASSETS | 1,154,216 | 2,423,092 | ||
| THE FUNDS OF THE CHARITY: | ||||
| Endowment funds | 8 | 1,154,216 | 2,423,092 | |
| 1,154,216 | 2,423,092 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Net Movement in Funds perStatement of Financial Activities | (1,268,876) | 334,771 | |
| Decrease/fIncrease) in debtors | 475,000 | (250,000) | |
| Increase/fDecrease) in creditors | 150,527 | f720,438) | |
| Income from Investments | (559) | (4,205) | |
| Net cash used in operating activities | (643,908) | (639,872) | |
| Cash flows from Investing Activities | |||
| Income from Investments | 559 | 4,205 | |
| Net cash received in InvestingActivities | 559 | 4,205 | |
| Net decrease in cash and cash equivalents | (643,349) | (635,667) | |
| Analysis ofthe balance ofcash as shown inthe balancesheet | |||
| Change in | |||
| 2022 | 2021 | year | |
| £ | £ | £ | |
| Cash at bank and in hand | 637,126 | 2,105,944 | (1,468,818) |
| Short term investments | 1,322,966 | 497,497 | 825,469 |
| Cash and cash equivalents atthe end oftheyear | 1,960,092 | 2,603,441 | (643,349) |
| GRANT EXPENDITURE | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Reconciliation ofgrants payable: | ||
| Commitments at 6 April | 643,100 | 1,361,140 |
| Grants approved in the year | 4,513,970 | 4,065,770 |
| Grants approved in prioryear | 465,000 | 639,500 |
| Grants cancelled in the year | (5,000) | (235,000) |
| Adjustment relatingto USD grant | - | 5,257 |
| Grants not accrued at 5 April | (707,980) | (465,000) |
| 4,265,990 | 4,010,527 | |
| Grants payable forthe year | 4,909,090 | 5,371,667 |
| Grants paid duringthe year | (4,118,482) | (4,728,567) |
| Commitments at 5 April due within one year(note 7) | 790,608 | 643,100 |
| £ | ||
|---|---|---|
| National Theatre | 50,500 | |
| Birmingham Repertory Theatre | 60,000 | |
| CAPA College | 60,000 | |
| Thickskin Theatre | 60,000 | |
| Talawa Theatre Company | 70,000 | |
| Royal Academy of Music | 75,000 | |
| Watershed | 75,000 | |
| Papatango Theatre Company | 85,000 | |
| Geese Theatre Company | 98,000 | |
| Belarus Free Theatre | 100,000 | |
| Cardboard Citizens | 100,000 | |
| English Stage Co at the Royal Court | 100,000 | |
| Reading Rep Theatre | 100,000 | |
| Good Chance Theatre | 105,000 | |
| Coventry City of Culture | 125,000 | |
| Hall For Cornwall | 150,000 | |
| Headlong | 160,000 | |
| Garsington Opera | 170,000 | |
| DonmarWarehouse | 175,000 | |
| Jermyn Street Theatre | 200,000 | |
| Pitlochry Festival Theatre | 200,000 | |
| Leeds Playhouse | 250,000 | |
| Rose Theatre | 250,000 | I |
| Theatre Development Trust | 250,000 | |
| The Old Vic | 300,000 | |
| Grants upto £50,000 were also made | 1,540,590 | |
| Total Grants Payable perStatement ofFinancial Activities | 4,909,090 |
| ALLOCATION OF SUPPORT COSTS | ||||
|---|---|---|---|---|
| Charitable | Governance | 2022 | 2021 | |
| Activity | Total | Total | ||
| £ | £ | £ | £ | |
| Bank and Custodyfees | 826 | - | 826 | 832 |
| Gift ofStaffTime | 96,838 | - | 96,838 | 92,552 |
| Legal fees | 11,562 | 1,285 | 12,847 | 12,681 |
| Taxation Fees | - | 1,212 | 1,212 | 600 |
| Professional fees | - | 8,829 | 8,829 | 9,750 |
| Office support costs | 5,007 | - | 5,007 | 4,254 |
| Auditors’ remuneration | - | 5,974 | 5,974 | 5,790 |
| 114,233 | 17,300 | 131,533 | 126,459 |
| Unrestricted | Endowment | Total | Funds | |||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | 2021 | |||
| Income and Endowmentsfrom: | ||||||
| Donations and gifts | 92,552 | 4,375,000 | 4,467,552 | |||
| Investments | 4,205 | - | 4,205 | |||
| Total Income | 96,757 | 4,375,000 | 4,471,757 | |||
| Expenditure: | ||||||
| Charitable activities |
||||||
| Grant-making | 2 | 4,010,527 | - | 4,010,527 | ||
| Grant related support costs | 3 | 126,459 | - | 126,459 | ||
| Total Expenditure | 4,136,986 | - | 4,136,986 | |||
| Net (Expenditure)/Income | (4,040,229) | 4,375,000 | 334,771 | |||
| Transfers between funds | 4,040,229 | (4,040,229) | - | |||
| Net movement in funds | - | 334,771 | 334,771 | |||
| Total funds broughtforward | - | 2,088,321 | 2,088,321 | |||
| Total funds carried forward | 2,423,092 | 2,423,092 | ||||
| 5. SHORT TERM INVESTMENTS | ||||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Instant access call accounts with UK banks | 1,322,966 | 497,497 | ||||
| 1,322,966 | 497,497 | |||||
| 6. DEBTORS | ||||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Gift aid tax repayment | - | 475,000 | ||||
| 475,000 | ||||||
| 7. CREDITORS | ||||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Grants payable (note 2) | 790,608 | 643,100 | ||||
| Legal fees | 8,056 | 5,749 | ||||
| Audit fees | 6,000 | 5,900 | ||||
| Taxation fees | 1,212 | 600 | ||||
| 805,876 | 655,349 |
| OTESTO THE ACCOUNTS (continued) ANALYSIS OF NET ASSETS BETWEEN FUNDS |
|||
|---|---|---|---|
| Unrestricted | Expendable | Totals | |
| Funds | Endowment | 2022 | |
| £ | £ | £ | |
| Fund balances at 5 April 2022 are represented by: | |||
| Current assets | 805,876 | 1,154,216 | 1,960,092 |
| Current liabilities | (805,876) | - | (805,876) |
| Total net assets | - | 1,154,216 | 1,154,216 |
| Unrestricted | Expendable | Totals | |
| Funds | Endowment | 2021 | |
| £ | £ | £ | |
| Fund balances at 5 April 2021 are represented by: | |||
| Current assets | 655,349 | 2,423,092 | 3,078,441 |
| Current liabilities | (655,349) | - | (655,349) |
| Total net assets | - | 2,423,092 | 2,423,092 |
| Unrestricted | Expendable | Totals | |
| Movement intheyear | Funds | Endowment | 2022 |
| £ | £ | £ | |
| Opening balance as at 6 April 2021 | - | 2,423,092 | 2,423,092 |
| Total income and endowments | 97,397 | 3,031,250 | 3,128,647 |
| Charitable activities | (4,397,523) | - | (4,397,523) |
| Transfers betweenfunds | 4,300,126 | (4,300,126) | - |
| Closing balance as at 5 April 2022 | - | 1,154,216 | 1,154,216 |
| Unrestricted | Expendable | Totals | |
| Movement in theyear | Funds | Endowment | 2021 |
| £ | £ | £ | |
| Opening balance as at 6Apr11 2020 | - | 2,088,321 | 2,088,321 |
| Total income and endowments | 96,757 | 4,375,000 | 4,471,757 |
| Charitable activities | (4,136,986) | - | (4,136,986) |
| Transfers between funds | 4,040,229 | (4,040,229) | - |
| Closing balance as at 5 April 2021 | - | 2,423,092 | 2,423,092 |
17 January 2023