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|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.|
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|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|||
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|||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|
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|||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)|
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|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|
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||£||
|---|---|---|
|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||
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|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|
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|||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|
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|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|
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17 January 2023