2022-07-31-accounts

Contents
							Page
Charity Reference and		Administrative	Details
Trustees' Annual Report
Independent	Auditor's	Report					8
Consolidated	Statement ofFinancial		Activities	(Including	Income and Expenditure	Account}	12
Consolidated	Balance	Sheet					13
Charity Balance Sheet
Consolidated	Statement ofCash Flows						15
Notes to the	Financial	Statements					16

Year Ended 31July	202	2
					2022		2021
				Unrestricted	Restricted
				funds	funds	Total	Total
			Nots	f.
Income and endowments		from:
Donations and legacies			2	20,163		20,163	17,931
Charitable activities			3	2,239,579	19,633	2,259,212	433,345
Other trading activities			4	242,860		242,860	11,914
Investments			5	1,202		1,202	251
Total Income and endowments				2,503,804	19,633	2,523,437	463,441
Expenditure on:
Raising funds				155,455		155,455	36,094
Charitable activities			6	2,079,840	170,109	2,249,949	1,075,719
Total expenditure				2,235,295	170,109	2,405,404	1,111,813
Net income l(expenditure)				268,509	(150,476)	118,033	(648,372)
Transfers between funds
Transfer to designated	funds		21
Other recognised gains:
Theatre Tax Relief				74,221		74,221	17,134
Coronavirus job retention		scheme			5,248	5,248	204,943
ACE emergency response		grants			135,024	135,024	417,846
Net movement in funds			21	342,730	(10,204)	332,526	(8,449)
Reconciliation offunds:
Total funds brought forward:
General funds			21	365,632		365,632	345,281
Designated funds				451,919		451,919	490,444
Restricted funds			21	-	22,058	22,058	12,333
				817,551	22,058	839,609	848,058
Total funds carried forward:
General funds				518,288		518,288	365,632
Designated funds				641,993		641,993	451,919
Restricted funds			21		11,854	11,854	22,058
				1,160,281	11,854	1,172,135	839,609

			2022	2021
		Hole
Fixed assets
Tangible assets		13	60,425	78,608
			60,425	78,608
Current assets
Stocks		15	11,514	7,129
Debtors		16	201,254	210,736
Cash at bank and in	hand		1,709,340	1,129,673
			1,922,108	1,347,538
Creditors: amounts	falling due within one year	17	(810,398)	{567,537)
Net current assets			1,111,710	780,001
Total assets less current liabilities			1,172,135	858,609
Provisions for liabilities		19		(19,000)
Net assets		22	1,172,135	839,609
Charity Funds
Restricted funds		21	11,854	22,058
Unrestricted funds:
General funds		21	518,288	365,632
Designated funds			641,993	451,919
Total charity funds		21	1 172135	839,609

Charity Balance Sheet	Charity Balance Sheet	Charity Balance Sheet	Charity Balance Sheet
Year Ended 31July 2022					2022	2021
				Note
Fixed assets
Tangible assets Investments				13 14	60,425 2	78,065 2
					60,427	78,067
Current assets
Debtors				16	380,113	358,429
Cash at bank and	in	hand			1,505,513	991,749
					1,885,626	1,350,178
Creditors: amounts		falling	due within one year	17	(778,600)	(551,674)
Net current assets					1,107,026	798,504
Total assets tees	current		liabilities		1,167,453	876,571
Provisions for liabilities						(19,000)
Net assets					1,167,453	857,571
Charity Funds Restricted funds				21	11,854	22,058
Unrestricted funds:
General funds					513,606	383,594
Designated funds				21	641,993	451,919
Total charity funds					1,167,453	857,571

				2022	2021
			Note	F
Cash flow from operating	activities		23	594,773	88,080
Net cash flow from operating activities				594,773	SS,080
Cash flow from investing	activities
Payments to acquire tangible		fixed assets		(16,308)	(36,601)
Interest received				1,202	251
Net cash flow from investing		activities		(15,106)	(36,350)
Net Increase in cash and cash equivalents				579,667	51,730
Cash and cash equivalents		brought forward		1,129,673	1,077,943
Cash and cash equivalents		at carried forward		1,709,340	1,129,673
Cash and cash equivalents		consists of:
Cash at bank and in hand				1,709,340	1,129,673
Cash and cash equivalents		at 31July 2022		1,709,340	1,129,673

fassets and liabilities within the next financi ncome from donations and legacies	al year.
	2022	2021
	F	F
Donations	20,163	17,931
	20,163	17,931

Income from c	h	ari	tab	le	activities
							2022	2021
							F
Productions							1,589,999	71,561
Technical, marketing				&	booking fees		280,866	18,424
Theatreiroom	hire						61,856	3,250
Retail commission			8	vouchers			12,508	18
Grants							22,133	78,496
Lichfield District Council					service agreement			166,668
Lichfield District Council					strategic partnership	agreement	236,667	83,332
Memberships							3,057	2,314
Other							52,126	9,282
							2,259,212	433,345
Grants received,		included			in the above, are as	follows:
							2022	2021
Lichfield District		Council			Covid-19 Support		6,000	72,750
Other grants							16,133	5,746
							22,133	78,496

		2022	2021
		F	F
Sponsorships		12,807	4,179
Green Room trading	income	230,053	7,735
		242,860	11,914

Analysis ofexpenditur	e on charitable activities
2022	Activities	Support costs	Total
	undertaken
	directly
		F
Theatre	2,120,692	129,257	2,249,949
	2,120,692	129,257	2,249,949

ttributable to unrestric	ted funds.		,
2021	Activities	Support costs	Total
	undertaken
	directly
	F
Theatre	946,724	128,995	1,075,719
	946,724	128,995	1,075,719

Support co	st - 2022
		Basis of	Raising	Theatre	Total
		allocation	funds
Governance	(note 8)	Apportioned	3,460	20,781	24,241
Finance		Apportioned	10,367	4,771	15,138
Information	technology	Apportioned		9,803	9,803
Depreciation		Apportioned	545	33,948	34,492
Health and	safety	Apportioned		6,290	6,290
Pension contributions		Apportioned	210	11,996	12,206
Utilities		Apportioned	5,565	41,669	47,234
Total			20,146	129,257	149,403

Support co	st - 2021
		Basis of	Raising	Theatre	Total
		allocation	funds
Governance	(note 8)	Apportioned	3,500	28,5?0	32,070
Finance		Apportioned	2,087	1,611	3,698
Information	technology	Apportioned	1,320	8,729	10,049
Depreciation		Apportioned	696	73,804	74,500
Health and safety Pension contributions		Apportioned Apportioned	1,505	6,290 9,991	6,290 11,496
Utilities		Apportioned	3,409		3,409
Total			12,517	128,995	141,512

				2022	2021
Auditor's	remuneration		10	15,606	16,425
Legal and	professional	fees		8,635	15,645
				24,241	32,070
Net income for the year
Net income	is stated after charging:
				2022	2021
Depreciation oftangible		fixed assets		34,492	74,500
Hire of plant and equipment				15,800	707

					2022	2021
						F
Fees payable	to the	charity's	auditor for the audit ofthe charity's	annual	7,950	7,950
accounts
Fees payable	to the	charity's	auditor for other services:
Audit ofthe charity's		subsidiaries			3,460	3,400
Examination	ofgrant	claims			750	1,500
Taxation advisory					531	700
Accountancy					2,915	2,875
					7,656	8,475
Total auditor's	remuneration				15,606	16,425

he averag	e monthly number ofempl	oyees during the year was a	s follows:
		2022	2021
		Number	Number
Raising funds		16	11
Charitable	activities	61	61
		77	72

		2022	2021
Wages and salaries		715,278	546,296
Coronavirus job retention Social security	scheme income	(5,248) 48,779	(204,943) 39,872
Pension costs (note 24)		12,206	11,496
		771,015	392,721

	Land and	Equipment	Fixtures	SoAware
	buildings		and fittings		Total
	F				F
Cost or valuation:
At 1 August 2021	49,124	240,575	85,428	11,510	386,637
Additions	4,130	6,550	5,628		16,308
At 31 July 2022	53,254	247,125	91,056	11,510	402,945
Depreciation:
At 1 August 2021	17,341	207,610	71,568	11,510	308,029
Charge for the year	4,844	19,757	9,890		34,491
At 31 July 2022	22,185	227,367	81,458	11,510	342,520
Net book value:
At 31 July 2022	31,069	19,758	9,598		60,425
At 31 July 2021	31,783	32,965	13,860		78,608

he n	et book va	lue of land and buildings comprised:
			2022	2021
			E
Land			26,000	26,000
Long	leasehold	improvements	5,069	5,783

			Land and	Equipment	Fixtures	Software
			buildings		and fittings		Total
							F
Cost or valuation:
At 1 August 2021			49,124	240,575	75,691	6,950	372,340
Additions At 31 July 2022			4,130 53,294	6,550 247,125	5,627 81,318	6,950	16,307 388,647
Depreciation:
At 1 August 2021			17,341	207,610	62,374	6,950	294,275
Charge for the year At 31 July 2022			4,844 22,185	19,757 227,367	9,346 71,720	6,950	33,948 328,222
Net book value:
At 31 July 2022			31,069	19,?58	9,598		60,425
At 31 July 2021			31,783	32,965	13,317		78,065
he net book value of land		and buildings	comprised:
						2022	2021
						F
Land Long leasehold	improvements					26,000 5,069	26,000 5,783
ixed Asset Investments		- Company
							Shares in
							gr'oup
						undertakings
							F

Ended tocks	31July 2022 - Group
		2022	2021
			F
Green	Room	11,514	7,129
		11,514	7,129

Green Room s Debtors	tock held is for raising fu	nds. The Theatre	does not hold s	tock.
		2022	2022	2021	2021
		Group	Charity	Group	Charity
		F
Trade debtors		823	709	44,572	44,195
Prepayments	and accrued income	181,486	88,562	138,969	62,967
Other debtors		18,945	18,945	27,195	27,105
Amounts owed by subsidiaries			271,897		224,162
		201,254	380,113	210,736	358,429

		2022	2022	2021	2021
		Group	Charity	Group	Charity
Trade creditors		103,540	94,069	27,537	23,169
Accruals and deferred	income	617,154	602,662	454,619	443,185
Other creditors		50,540	50,333	72,903	72,842
Social security 8 other	taxes	39,164	31,536	12,478	12,478
		810,398	778,600	567,537	551,674

	2022	2021
	F
Not later than one year	5,610	2,155
Later than one and not later than five years	15,716	3,232
	21,326	5,387

		Other	Total
At 1 August 2021		19,000	19,000
Released	during the year	(19,000)	(19,000)
At 31 July	2022

				Total
				E
At 1 August 2021				374,539
Amount	released	to the SOFA during	the year	(374,539)
Amount	deferred	in the year		499,55?
At 31 July 2022				499,557

		Balance				Other	Balance at
		at	Income	Expenditure	Transfers	gains I	31 July
		1 August				(losses)	2022
		2021
		F		F	F	F
General fund		365,632	2,503,804	(2,150,247)	(275,122)	74,221	518,288
Designated
funds:
Theatrical		152,933		(6,550)	150,000		296,383
equipment	fund
Business		50,000			(20,000)		30,000
development
fund
Production		25,000			25,000		50,000
development
fund
Touring		25,000			(25,000)
development
fund
Legal costs	fund	39,000					39,000
Repairs 8		42,500		(4,130)	20,000		58,370
maintenance
fund
Education 8		40,420		(40,420)	53,815		53,815
community	fund
Economic value		52,066		(33,948)	16,307		34,426
ofcapital assets
designated	to
future periods
Green Room		25,000					25,000
refurbishment
fund
Capital					55,000		55,000
improvements
fund
		817,551	2,503,804	(2,235,295)		74,221	1,160,281

			Balance at				Other		Balance at
			1 August	Income	Expenditure	Transfers	gains	/	31 July
			2020				(losses)		2021
			F	F	F	F
General	fund		345,281	417,195	(311,956)	(102,022)	17,134		365,632
Designated		funds:
Theatrical			152,933						152,933
equipment		fund
Business			50,000						50,000
development
fund
Production			25,000						25,000
development
fund
Touring			25,000						25,000
development
fund
Legal costs			39,000						39,000
fund
Repairs 8			42,500						42,500
maintenance
fund
Rebrand	fund		10,850		(10,850)
Education	8		37,893		(37,893)	40,420			40,420
community		fund
Covid-19			18,000		(18,000)
reopening	fund
Economic	value		89,268		(73,804)	36,602			52,066
ofcapital	assets
designated		to
future periods
Green Room						25,000			25,000
refurbishment
fund
			835,725	417,195	452,503		17,134		817,551

cted funds - 2022
	Balance at				Other		Balance	at
	1 August 2021	Income	Expenditure	Transfers	gains / (losses)		31 July 2022
	E		F		F
Rathbone Trust /	4,280		(2,995)				1,285
McLay
Garrick Charitable	2,500		(2,500)
Trust
Saintbury Trust	3,000		(3,000)
Garrick Cares At	709		(709)
Christmas
Caption								69
Campaign
Coronavirus Job			(5,248)		5,248
Retention
Scheme
Swinfen Broun	2,500						2,500
Charitable Trust—
Lift
Groundworks- Tesco —Comm	1,000		(1,000)
Musical
Mary Slater —Lift	4,000						4,000
Edward Cadbury -	4,000						4,000
Lift
Arts Council			(135,024)		135,024
Holiday Activities		2,274	(2,274)
Fund
Sir Barry Jackson		2,435	(2,435)
Trust - EY
The Strasser		250	(250)
Foundation - EY

Kickstart		7,353	(7,353)
Lichfield District		6,000	(6,000)
Council (Omicron)
HMRC —SSP re		321	(321)
COVID
SCC —Young		1,000	(1,000)
Rep
	22,058	19,633	(170,109)	140272	11,854

			Balance at				Other		Balance	at
			1 August	Income	Expenditure	Transfers	gains	/	31 July
			2020				(losses}		2021
Youth Board			368		(368}
Rathbone		Trust /	4,280						4,280
McLay
Arts Council				417,846	(417,846)
Garrick Charitable			2,500						2,500
Trust
Saintbury	Trust		3,000						3,000
Garrick Cares At			709						709
Christmas
Caption			69							69
Campaign
Platform	Lift		1,407		(1,407)
Campaign
Theatres	Trust			4,746	(4,746)
Coronavirus		Job		204,943	(204,943)
Retention
Scheme

Note	s to the Financial St	atement	s
Year	Ended 31 July 2022
	Swinfen Broun		2,500		2,500
	Charitable Trust-
	Lift
	Lichfield District		30,000	(30,000)
	Council
	Groundworks-		1,000		1,000
	Tesco —Comm
	Musical
	Mary Slater —Lift		4,000		4,000
	Edward Cadbury-		4,000		4,000
	Lift
		12,333	669,305	(659,580)	22,058

nalysis	of net as	sets betw	een funds
			Unrestricted	Designated	Restricted
			funds	funds	funds	Total
					F	E
Fixed assets			26,000	34,425		60,425
Cash at	bank and	in hand	1,089,918	607,568	11,854	1,709,340
Current	assets		212,768			212,768
Current	liabilities		(810,398)			(810,398)
Total			518,288	641,993	11,854	1,172,135

					2022	2021
Net income /(expenditure)	for year before transfers		between	funds	332,526	(8,449)
Interest receivable					(1,202)	(251)
Depreciation and impairment	oftangible	fixed assets			34,492	74,500
Provisions less payments						(8,103)
(Increase) / decrease in stock					(4,386)	(3,128)
(Increase) / decrease in debtors					9,482	25,209
Increase / (decrease) in creditors					223,861	8,302
Net cash flow from operating	activities				594,773	88,080