Company Registration Number 07972082 (England and Wales) Charity Number 1147697 LICHFIELD GARRICK THEATRE (A company limited by guarantee) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 *ACXIIDYJC" 29102Q024 COMPANIES HOLISÉ
Lichfield Garri¢k Theatre Flnancial Statements Year Ended 31 J[Y 2023 Contents Pagg Charity Reference and AdministratNe Delails Twslees, Annual Report Independent Auditor's Report Consolmlaled Slalement of Financfjal Al#itreS (InckJdirKJ Income end Expenditure Account) 12 Consolidated Balance Sheet 13 Charity Bala8 Sheel Consolidated Statement of Cash Fkn 14 15 Notes to the FinancAal Slalements 16
Lichfield Garrick Theatre Charity Reference and Administrativo Details Year Ended 31 July 2023 Charlty regislratlon number 1147697 Company rnglstratlon numhr 07972082 {Eryland and wa$) Twstoes D F Baker P A Carter J M Bernl {appoinled 20106r20231 E Haslarn {apInted 191C6r20231 D J HAI (apFointed 21106120231 S C P¥rce lappowbted 1W0512023) E L Ryan lappointed 20K612023} E R Shouler (appointed 20106r20231 Chlef Executlvg Offlcer D J Buckroyd {apted 1911212022) Roglst•red offlce Lichlield G8k Castle Dyke LhlIeld Staffordshire WS13 6HR Auditor UHY HackwYOg 14 Park Row Nottir¥Jham NG16GR Bankers HSBC 49 Market Slreet Lichliek1 Staffordshi WS136LB
Lichfield Garrick Theatre Trustees. Annual Report Year Ended 31 July 2023 The Trustees present their report artd the 8udiied financial statements of the charity for the year ¥nded 31 July 2023. The Trustees have ayopled Ihe provisions of the Statemènt Recommended Practice {SORPI "Accounting and Reporting by Charities" IFRS 1021 in pParing Ihe amval reF¢rt and financial slalemenls of the charity. The financial statements have teen Wep0 in 8rdance wth the accounling policies sel out in notes to the accounts and compty wflh the chartty's governing d(KUnl. th¢ Chare$ Act 2011 and Accounting and Reporting by Charit$. Siatement d RKrynmended Practice awlKable to chaiitie5 preparirng their accounts in a¢¢ordan¢g with the Financal RepcrtirrfJ Standard appl8ble in Ihe UK and Republ ol lieland second edrtion blisheé ID O¢tobei 2019 Trustees of the charity The directors of the charrtabkn company a rts Irustees for the purposes of charity law. The Iruslees who have seNed during the year and sirKe the year end were as fdkvs: D F Baker J M Beavmonl1opF4>nted 201061r20231 P A Carter N E Haslam (appointed 191¢M0231 D J Hill (appointed 211(X120231 P Hooper-Keeley (resigned 03103r20231 D L Peh (resigned 01112r20231 S C Price lappxjinted 1810512023) E L Ryan lappoinled 20106r20231 E R Shouler lappoinled 2010612023} W R Smith (resigned 07111120231 J Wright IFe5i9ned 091C6120231 Oblectives and activhtie¥ The objectives and aims of thè Charity arè the advancement of the arts lor the benefit of the public. in particular through the operation of the Lhr1 GarrKk Theatre and the adV8Men1 of•jUcat in relation lo the arts for Ihe benefit ol the public. Public benelit stat•mant The Trustee5 sel and pkn acliwties having fegard to Ihe Chaiity Co15$)n'$ guidance on public benèfit. in¢luding Ihe guitjance on aémBsion charges io programme events. Achievements •nd perfomian¢e The year ended 31 Juty 2023 saw lh¢ re-¢$tablishment of pre£ovKI levets of Ike1 saS aThJ income, driven by in¢rease tyi the nurnber ofperf(xmances offered during Ihe year. a laster-lhan-anticipated post-covid relum ol Ihe th&at'S èsting audiences. and a higher4han•usual 1 of ftst tinw attenders since the lifting of pandemic siriclKJn5. Chnslma$ 2022 provided a particular hi9hlight by breaking all box offKe records and Seeing oveithirty five thousand peopk wsiling the venue in a six week period. Againsl this backdrop, the new ChEI Executive and Senior Management Team have been consullirJ wrfh a wide rarse of stehok%ers and revlemng the strategic direction of the ckanty. Supported by Trustees, including a sMJrsffjcant new intake bringing new arts. community and fin8nci81 sknlls to goverrtante towards the end of Ihe year. tw have now tumed this into a new Business Plan ¢overitYJ Ihe perKJd unl"12028. due lo be published in earty 2024. R8s•rv•s pollcy The Trustee$ ke&p Ihg reserves of the Theatre rwujarty under rewew.
Lichfield Garrick Theatre Trustees, Annual Report Year Ended 31 July 2023 Charity only reserves al 31 Juty 2023 stood at t1.572.274 and thè Trustees are cLfident that Ihts lèv¢1 ol reserves will enab the theatre to continue as a viable entity. inve$iiNJ in the develokynènt ol the theatre buildin9s and facilities in the coming year and exlending the range of admiies undriaken in wrsurt of its chitable obje¢iNes. Funds havo been Iransferrtd to designated fvnd5 for capital improvements. essenb"•l repairs. edv¢#tion and ¢omnwnity pr¢8ramme devebFX))ent and ihe ea0M1¢ valve of¢aprtal 85sets desunaled t¢ future perths. Prlncipal funding sourcos Thè Thgalre's prineipk Ivnding sotsTceis the re¥enue stream from ilsprmary lsineSS. In additk)n to thi5, Lichfidd Distwicl Council SupF$ ihe Theatre in return for seNices to the community. the iole it plays in making b"chfield a vibrant city lor residÈrnls an(1 visitws ak8 recognitw)n of the favou[ab econom umpacl that the Tho8tr& has on Lichlield and its $uffound$. Going ¢onc•m The Trustees have as5es5ed whether Ihere ale any 519nrfKant doubts about the Charity's abiliiy to contsnue as a going concern. In the op4nion of the Twsiees the Theatre is a going concem. 11 has aFpropriale b8nking faci1its"e$ in place. 8 very strong w01n9 reL4tionship with ils stakehobJe(s. stiongty recovered trading income streams. and a heallhy cash flow. In additK)n. the Trustees are not aware of any ertainlIeS. which would mean Ihat the accounts should not be prepared using the goin9 con¢Èrn basis. Plans for lutur• The Theat will conlinye lo provide a diverse. accessbi le progiamme ol hKJh44uality wofessional perforning arts in the heart ol Lichfietd. together wrfh LptUnItIeS for local ytyJrKJ pecwe, communit$ and artists to get involved in creative activilies and contrtjute lo the culural life of thè tity its surrounding area. Structure, Govern•n¢e and Monagement Gov•rnlng documont Llchfield Garrrk Theatre is a regislered Charty, regisi(athJn nurtjer 1147697 and also a company hmited by guaranlee, registsalion number 07972082. govéming document is Ihe ArtleS ol Association of the charitable Company, as arnerKled by Special ResolulKn on 25 February 2021. whh est8blishes the objects and powers thè charitabl8 company. In the event of the Charitab company being wound up menerS are required lo contiibule 8n alr)Unt not exceedirng £1. RecTU•tmont and appointment ol n•w trustees Trustees are recruited based upon the skills and experienc Ihat Ihey hokl and depend&nl on the charity's needs and 8ie appointed at board meetings Ihrou9hout the year_ Orgafii6atlonal 8lru¢ture Thg overall iespon5ibility for the Charrty lies with the Trustee C¥eclors who have delegaled the day-Irday man¥gèmgnl ol the Charily to Il Chief ExecutNe 0tr. The Trustee Oireclors meet regularty 1¢ age strategy, review piogress. reviewfinancial infotm8tson. and discuss policy Bsues. To lacrfilale effective oprab"on. the Chief Execu Offi¢arhas delegated avthortywthin lerms ofref8renc& aN)rO¥ by theTStee$ for sorneoperational mallefs. incIling finat. Induetlon and training of new trtsst•e8 On grrfjoinlmenl every Twstee provided wrth a pack of documents setting out k&y inlormalion on the Charity. New Truslees are iequed to confirm that Ihey have studie(J these (?Men1$ a$ raised any queriesoroblaiTred further infoimalion which they may need. Developments in Charty Law and Price ale and rtartt developments are brought lo notice of Trustees.
Li¢hfield Garrick Theatre Trustees, Annual Report Year Ended 31 July 2023 Kèy managm¢nt fymun¥raiion I dire¢lois grye their lime Iety and no dwe¢lor receive(I remuneratKJn or tsenefit for their work with the charity during the year. Senior stsff remunerat sel compelrtively. n line with mathel condrtions. The Board ol Trustees sels the Chief Ex&xuts've OffrE¢5 remunera1 and rewvws recomrrendati(Ins lor other senior stalr. Related parties and prinelpal funding Any connec1rn iiween Trustees and any KwryluctK>nu)rnpany, actwor rtoMr must be disclosed to Ihe Board in Ihe same way as any contractual relab"onshtO wrth a rek41d paty. The Charity has a slialegic partnershp agreement with the CourKil who provide grnnt 8KI. Receipt of this grant aid supports the ongoing Operat of Ihe thealr8. The Charity has Iwo wholty Own subsidiar. Llie1d Grick (Green Rooml Limiled. which njns Ihe cafwbar lor the Theatre arnd Li¢hfkJ Garti¢k P¥¢ducb"ons Limrtéd. which produces sh(h¥s for the Theatie. Rlsk Maa9•Mon1 The trustees have a duty to identfy and review the risks to whth the Chty is èxp)sed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The senior management team and the Board of Trustees regularfy revw risk Ihrough a wellsiablished risk regi$l¢r. Th8 Primè iisk118s in the abilty of the Theatre to mainlain adequate ve15 of demand and linancial support lor the SerVS it offers wth(n Ihe current econom climate. In the opinion ol the Trustees. ¢he Charity has established resources and &W systems whKh. undeT normal OjnrfitKJr. should alkw the risks hjenlilied by them to bo mrt+Jated lo an x¢eptabb Iwfjl in rts day-to.day ¢)peration$. Trustses, re$pon$ibilities The Trustees (who are also directors of Lichfiekj GaTTick Thealre ftwthe purp)ses of company lawl are responsible for preparing the Trustees. Annual Report and the fmancial statements in ar[dan wrth appIable law and United lthngdom Accouniwig Standard5 (Unrted KingdThn Generdty Ar£epted Accounting Pract). Comparny law requires the trustees lo prepare financk71 slaiements for financHI year, whith gNe a true and fair view of the $tate of affairs of Ihe charitable company and of the irOrning resource5 and applicalion of reswrces. includiry the income and endItu, d the chariiatde c(¥anY for thal perKJd. In preparing Ihesg IanclI slalements, Ihe trustees are required lo.. sèlèct suilable accwnt)g poliCS and then aFpty them consBtentty.' observe the rnethotjs and prin¢iple$ in the Charitses SORP 2019 IFRS 102)., make judgernents and estirnales Ihat are reasonable 8Ad prudent.. ststè whether appIable UK Accounting Stancsards have been foll¢xed, subj-ect to any material dep8rtures disch)sed and explainetl in the finanaal slatemenls,. prepare the financial slalerrents orn the goiNJ concern basis unkss it is inappropriate lo piesume ihal the charitable company wilt contsnye in Operatn. The trustees are re$pongble for kPing adequate accounting CordS that disebse wlh ieJsonable accuracy al any time the lin8Dcial position of the charitable company a1 enaile tIEwn to ensure Ihat the financial statements comply wilh the Ccffipanies Act 20C6. They are abo responsible lof safeguardin9 Ihe assets ol Ihe chaiilable COmP8ny and hence for lakirtg sOn)Ie steps fof Ihe prevention and deteclion of Iraud and olher irregularities. In $0 f¥ a$ the tfustees are aware-. there is no ielevant audit inftwrnal1n of which tF ¢harilable ¢ompany'$ aLKlitor is nare,. and
Lichfield Garrick Thealre Trustees. Annual Report Year Ended 31 July 2023 lh8 trustees have laken all steps Ihal they oughl lo ha taken to make themgel¥es aware ol any relevant audit inforrnation and to estaLSh that the atsdst is aware of that information. Dls¢lo$ur¢ of iTrft¥rmatiOlI to th• audltor¥ We. the directors of the coryany who Olf at Ihe date ol woval of these F4nan¢ial Siaternents a5 Set out )ove each confiim. so lar as we e ¥4¥are. Ihat.. there is no revant audit infoTmal)n of which the eompany's auditors e unaware.. and we ttave iaken all the steps that we Ight lo have taken as directors in order to make ouiselves aware ofary r¢V1 audit inlormotw and to estsl$h Ihat Ihe company's auditois are aware of that information. On behalf ol Ihe board D J Hill. Acting Chalr of Trustees Date". 19102r2024
Hackeryoung UMVHatkrYr¥Jny ILP Lichfield Garrick Theatre Independent Auditor's Report Year Ended 31 July 2023 Opinion We ha¥e auditedlhe finanoal slalemenls oFLthfidd Garrick Theatre vhe'pa¥enlcharilab company l atKI ils 5utssidiafies Ilhe'9roup'l for the year ended 31 July 2023 whth comprise the Cone Siaiemenl ol Finanaal Aclivities Ilncluding IrMe 8nd Expendilure Ac£ounll. Consolwjaled 8aL4nce Sheet. Chariy Bala Sheel. Consolidated Slalemen¢ of Cash Fbws afid noies10 finla1 siatemenis. i[J1) a sumnwry ol snifiCant accJ11ng lueS. The financial reporting framework that has been applied ift Iheii preparalion is applKable Liw and Uniled Kingdom Accounling Standards. Induding Finanrial Reporting Standard 102 The Finanrial Repjrting Standard app"cable in the UK and Rewblic of Ireland {Uniled Kd0ffl Generally Acceptetl Accounting practi). In our opinion Ihe financial siaiement> give a Inje and fair ew ofthe stat¢ ol the gtoup's olthe pareni ¢th3ril3ble cotnpany'$ affairs as at 31 July 2023. and of the group's i19 leICES and apptil ol $[Ce$. indJing its Inc0ft and expeThYllu. lor the year Ihen ended" h2¥e been property wepared ar£ordan wilh United 'Tr9drn Generally Accepted ACC1¥1Y P¥acli¢e: and have been prepared in 8r£ordance th the requien15 of Ihe Companies Act 2006_ 8asis for opinion We cDlLted our aj11 in att0rdae wrth ln1einainaI Slandards on Audi9 (UK) {ISAs {UKII and applicable law. Our responsibilities undef ihose sland3rds are described in Ihe Autlrtorfs SponS1t$llIIs for lhe audit of the finantsal sialemenls 5eclion ol Ouf report. We are independent of the 9roup and rent charitable company in accordance wilh Ihe ethical requirements Ihal ale revanI to our audit of Ihe finanoal slaiemenis in the UK. irsduding the FRC'S Elh21 Siandafd. and we have fijffilled our other elhical s)nsIll1t•es in accordance wilh Ihese wUiremls. We believe Ihal Ihe audil evidertt we have obtained 15 Sutr1 and appropriate to wowde a basis lor ow#)n. ¢on¢lUsi$ tatin9 to 90in9 concern In auditing Ihe finarfial siaiements. we have corK4uded th the Irustees. use of the concem bas of accounting in Ihe preparati of the financial slateMl 15 apprOpte. Based on Ihe work we ha¥e performed. we have en11r any material uncgrt8in1S re181irrtJ to entS of cotylilions Ihal, Individually or collecinfely. may casi $19nifKanl d1b1 or¢ the group or parenl charilable company's abilily to continue s a 90ing nCen foi o k)j OF al leasl Iwdve )nIh5 IrL¥n whw Ihe Financial sleMen1$ are aulhorised lor issue. Our respons4jih.lies and the SpOns"tS ol tr trustees with resFed to gc4ng mncem are 8bed in the relevant secltoThs of Ihi5 report. Olh•r infc+rmalion The ottr infomialion comwi5es Ihe inlo¥rnal¥on induded the 8nrwal iepfml olher Ihan financ1 slalemenls and our audilor's report Ihereoa. The trusiees ale responWe for the olhef in11n81)Tr contained wlhin Ihe slalemenls. Our opinion on the Iioancial slalements does not Ciy4er Ihe other Inlorn1n and, except lo the exlenl olhenwise explicilly slated in our rewt. we do not express any form of assufarxe condusKJn Ihereon. Our responsibi&"IV Is lo re•J the olher informath?n and, in dLX"ng 50. ctX15Kler whether the olher infomialion ts tnalerially Inc>$11 with the fiftancial slalements orour kmvdge obiaÈned in Ihe course of Ihe a11. or olherwise appears io be maleiially missled. 11 we iderslify such malerial inconsisleooe5 or appaietkt male11 misslalemenls. we a required 10 deleimine whelhe¥ tIre is a material missiaiemenl ln the ffinanoal slalemerts or a malerial nThsslalemenl of ihe tslher inforrnalion. If, based Ihe work we have perfd. we o)Th*J(k thal there is a mglefial mi$sialemenl of Ihts other inforrnalion, we arè required to repom Ihai faci We have mlhing lo iepjrt in Ihis feg3rd.
Hackeryoung IJIIY HKknwYvJn9 IlP 1¢ P R¢:. (rtered Accwniants Lichfield Garri¢k Theatre Independent Auditor's Report Year Ended 31 July 2023 Opinions on olher matt•rs pre5crib by the ¢ompanie5 Act 2006 In our opiN)n. based on the [3en in the tourse ol Ihe audl. the InloFmalv)n given in the t[tees. (Iroyrwiing the Strate Wl for the financi81 Year1 wh¢¢h the finala1 slalemenls are prepared ¢xn%slent with the fanCIal Stslements." aThJ Ibe Irustees. report {ttKLwiraiing the strateg1¢ rep(wtl has l)een ppaed in accordan th aptyicabk legal requiremenls. Matters on whi¢h we a qUIred to report by exception In Ihe l¥Jhl olour ktLowkdge and understanding olihe group a& pareni ¢affttab c4Jnpany and ils erniironmenl Dblained in Ilp course of the aL4Yil. we have t1 Ktentif£d maierial mis51aiemenis in ihtr Iruslees. report. We h8ve nothing lo report rn respect ol Ihe frdlw'ng mallers rela 10 whth Ihe Con7Pae$ Act 26 reqleS us lo reporl to you rf, in ouf opiThon'. adequate accounting record5 have been kept by I1 panI Charla c(mw8ny. or lumS adequale out audil have not been re¢eived from branches not visited by us., or the pareni charitable company s financi slalements are 10 agreement 7Mlh Ihe a¢¢ounling torS and returns.. or ¢ertaFn disclosures of dire¢lor$' remunerat3 spec4fied by law4 Tr)1 made." or we have not received 811 the inEormaiwJn ath1 exOallOnswe fe(Nire fwour audh." Respon$ibtlitie$ of trustees A5 expbined nre fullyin the Iruslees. respons}.1111eS slalernenl sel outthi page 6, Ihe liustee5 Iwhoare also the direct$ of the charilaNe rx)mpary for Ihe purposès olcompany lawl a respse forthe weparaiion ollhe finanoal $18lemenls and for being satisfied Ihal tly gNe 8 Irue aTh1 fail view. and for SL¢h hilemal contro1 as the Iruslee5 delemline is necessary lo enable Ihe preparation offinancial 51alernent5that afe Iree fromma[la mis5leMen1. whelher due lo liaud or eirty. In prepar9 Ihe finanaal $181emenls. the Iruslees afe resporbsible ILY asseswng group's and pareni charitable company's abIlY to continue as a wn9 co. thsdosirg. as appwle. mallers relaled to goin9 0)nr and using the g19 ¢on¢em basis of attounliTrJ Unless the Iruslees eithei intend to liquNJaie Ihe groLTrP or the Pa1 ch8r1re conwany or 10 cease operalions, or have Tr) realislK allernabve iwl lo do so. Auditor's responsibllitle5 lorihe audit of the financial statements Oui objeclwesare to obtain reasmableassvrance ablud whether the finartra stalements as a who freelrom material misslalemenl. wheiher due lo Iraud or err. and lo Issue an audilofs report thal IrKlude& our 0n. Reasonable assurance is a hi9h leyel of assurance. bul is not 3 guaranlee that an aL8it conduded in accordarte walh ISAS IUKI wkll always delect a malerial rrrisslalernenl when it exisls. Mlssiaiemenls can arise frtyn fi3ud w er( and are cw5Kkred material if. indNhluallyor in Ihea99re9aie. Iheycwkl rea5a1Y be i0fi)re It e¢Onldeaw)n$ofU$el$ taken on Ihe basis ol these finawal ateMents. IrglarI¢1es. ¥idudiThJ Iraud. are inslavces OF noTrc(mpliarte wilh kE and wublions. We design prc¢edure5 in bne wilh our responsitmlities, out11rd ab)ve. lo detect malefial misstatements In ospecl of i[Ulari11es, induding traud. The extent to which our procethKe5 a L>pable ol deieciing irre9ulafrJies. itKJut1ing loud is LlelaiO below." Our approach to NJeniify"ny and assessing Ihe risks of Malw1 miss1 fespecl of IrregarlIie$. irludirrfJ Irau¢Y and n0n.cefflpllan with laws and re9ufatws. vras as f.. the engagement partner ensuFed that Ihe enga9emenl leam c£4edNety had Ihe appropriate COmFelee. ¢apabililies and skirts to Klentify or recognise MPlian I(h apble IS 8nd regu181ions.' we Identified the laws and regulations applicable lo the c(xnpany through discussions with direclofs and other managemenl. and from our commer031 knedge arKI expetience of the seclor.. anLI we lo(uged on laws ano re9ulaiv)ns which we cmsideied may have a direct material effecl on Ihe financial slalemenls or Ihe owatn5 of the company. IludI[j Ihe Crynie5 Act 2cx)6, lax31 giSlat and data proleclion, ernploymenl and lallh and safety legi*atK)v.
Hackeryoung UIIY NJ¢kov ".LiJrnNwl GG8 Lichfield Garri¢k Theatre Independent Auditor's Report Year Ended 31 July 2023 We assessed the susceptibility ol the ¢Jynpany'$ fwnrial Ststennts to malerial fflisstatement. udIng obtaining an uersta1xJIr olhow fvaud might ccoJr, by.. makin9 enquiries ol ttTanagement as to whefe Ihey considered Ihere ¥Ya$ sts5ceptitxfjly 10 fraud. their kfiowtedge ol actual. 5U5pecle<J and alleged Iravd. and con5idelln9 the inlpJn81 ccffitrols in ace to rrwtvjale risks of fraud n.¢0mlan Mth laws and regulalions. To address the risk of frawj Ihfough managem1 Fias and o¥erride of Controls, we.. perfomled an8tylal wcKedure5 lo hlenlify any unusual or K)nshIpS.. lesle¢ journal entrE5 10 identify vrwsual iiansaaions". assessed wliher jmenis aThl assumplws made in delemiirthg the acnI¥j eslimaies were Ind01e ol polenlKal ts"as.' and inveslKJaied the rationale beh¥vJ signrfth)i or unusual transalon$. In iespon5e lo Ihe risk of irregularities aTrJ non-coNWtarKe Wilh law5 and regula15. we designed prc¢edure$ ¥thieh in¢lJded, were not limited lo.. agreeing finw¢ial slatemenl disdo$u$ lo svppothg 6xtsmeTrla1n,. reading the minules of wEelirys oflhose charged with 9overnan¢e; arKI erKuifing offflanagernenl as lo aaual and w)ieniial liligaiN)n aNI daims. Based on our understanding of the group and the Mdu51ry in whKh it opwates. v thitified Ihal the principal risks ol noTr compliance w&lh laws and regu13b.ons relaied 10 Ihe by the 9foL4). whh were contrary to ¥Picable laws and gulalions including fraLod. and we considEd the extent to whith -CLll(.ance might have a malerial effect on Ihe financial slalwnenls. We also considered those laws and regulalion5 that have ty 1cl irnpacl on Ihe preparation of Ihe financial siaiemenls such as the Crynpanies Aci 20C6. We evaluaied management's incenlives and opportunities for f¢avQulenl manipulalion of Ihe finantial slalemenls Imiduding the risk of e[rie ol conlrolsl. and determined Ihal Ihe winapal iisk5 were rebted lo flaled ¥evewe and the 9foL¢P s nel iOme1(eXpendl1} for the year. Audil procedures perfoTme<l included.- iewew of Ihe financial sialemenl disthsures its undertyiry supporting documenlalion, review of (he Trustee Meeting minutes, reewOf correspondence wilh reports lo the re9ulalors where availae. induding wresponderKe with Ihe Charity Comfflis5ion. miewolc0rresp(ence bwlh legal 8dvisors. enqviries olnianagemenl and lesling oliournals and evaluating whelhei the was evwlence ol bias by Ihe ItuslEes Ihal represenled a risk of maiermgl mi5Staiemenl due lo fraud. A rleW of revenve rec4yJThsed wilhin the finanual slaiemenis was also Ufitjertaken lo ensure that inc(Mne has teen recognised in accocdance ¥wth revant C0ting slandards and lo ensure Ihai fevenve is noi maleriaty o¥ersiaieil. There are InhenI limitations fft the audil edU$ des¢rkbed at¢ve and Ihe f1h¥ removed non-compliance with laws and iegvlalions is from the evenls and 1r8nwlK reflected in the finarKial slalemenls, the less likety we beC1Me aware ol il. Also, the risk of nol detecting a rnatwial $S131enl due to fraud 15 h¥Jr than the risk ol not delecting one resuStir¥J from erngr, as Iraud may invthe delibefate conalMent ty. for example, foigery or inlenlional nwsrepie5enialwJns, or through cc41vshy) A further description of our responsib"lil*S for the audrt ol Ihe financial slalemenls is hJcAletl on Ihe Financial Reporfin9 Counril'$ websila at.. les This descriptw forms part ol our aLN1Jlor's pOrt. 10
Hackeryoung (harteredAccovnian Li¢hfield Garrick Theatre Independent Auditor's Report Year Ended 31 July 2023 Use ol our report T$ report ts made solety lo the ¢hafttatrAe company's rrwthts, as a b)dy. in actordance wilh Chapler 3 of Part 16 of Ihe Companies Ac12006. Ouraudilwoth hasbeen dertaken so Ihatwemighl slaieto the than1abcon3nY's members Ihose matier5 we are required lo state lo Ihem in an avdilor's repjrt aThd for olher wfpose. To Ihe lullesl extent pemiilled by law. we¢Jo Th)1 acceptorassume resPsIbIllY10anyOne olher Ihan Ihetharrtabk companyand Ihe charilable cornpany's members ès 8 body. lor audil work. lor Ihis report. ¢y lor Ihe opini$ we have fimied. Andrew Timms (Senior slatory Auditor) For8nd on behallofuHYHacker Yo(g. SlaliitwAuthior Dale: 2810212024 11
Ll¢hfield Garrick Thgatre Consolldated Ststement of Flnan¢lal Actlvltles {In¢luding Income and Expendlture A¢¢ount) Year Endèd 31 July 2023 2023 2022 unAsied R8StsxJ fuTrJs Total Total Income and endowments from: Donations and legleS Charilabk aclwilies Other trading activities Investments 24,158 2.879.577 346.398 26.604 4.6 29,124 9.047 2.888.624 346.398 26.604 20,163 2.259.212 242.860 1,202 Total income and endowments 3.276.737 14,013 3.290,750 2,523,437 Expenditure on: Raising funds Cha¥rtable aGtwilies 197.117 2.83S.115 197,117 11.348 2.846,463 155.455 2.249.949 Total expenditure 3.032,232 11.348 3,048,580 2,405.404 Net Income 11oxp•ndltur•l 244,505 2.&85 247.168 118,033 Transfers betw••n fund8 Transfer to designated lunds 20 Other recognised gains: Thealre Tax Relief 190,059 190.059 74.221 5.248 Coronavirus lob retenb'on schen ACE emer9erKy $nSe g(ants Net movement In funds 135.024 20 434.564 2.S55 437.229 332.526 Reconclllation of funds: Total funds broughl f0Th4ard.' General funds Designated funds Restricted funds 20 518.288 641.993 518.288 641.993 11,854 11,854 11.854 1,172,135 365.632 451,919 22.058 839,609 20 1,160.281 Total funds cariied loM8rd-. General lunds Designated funds Restricted funds 20 643.261 951,584 643,261 951,584 14.519 14 519 14.519 1,609,364 518,288 641.993 11.654 1,172.135 1,594,845 A total of £409,969 of the net Income in the year has been desTgnated ¢0 spend on essential costs in 2024. Total designated funds are £9S1,584 and only E643.261 is available to spend on on90ing operational costs. All income and expendilure derive Ircrfn cctinU1ng ath"vities. The slalement of fi'nanoal actNib'es indudes all gains and h)sses recognisetl during the year. The notes Tri pajes 16 to 35 fofm part of these financial stalen*nls. 12
Llchfield Garrick Theatre Consolidated Balance Sheet Year Ended 31 July 2023 2023 2022 Fixed assets Tarrfjible assels 13 57,270 60,425 57.270 60.425 Current assèts Stocks Debtors Cash at bank and in hand 15 16 15,070 402,109 2.476.147 11.514 201.254 1,709,340 2.893.326 1.922.108 Creditors: amounts f•lllng due wlthin one year 17 11.341,2321 1810,3981 N¢t Current ass•1$ 1,552,094 1.111,710 Total assets less curr4nt liabilitie$ 1,809.364 1,172.135 Provislon8 for Ilablllties N•t atssots 21 1,609,364 1.172.135 Charfty Funds Restricted funds Unrestricled funds.. General funds Designated lunds 20 14,519 11.854 643.261 951.584 518,288 641,993 Total charity funds 20 1,609,364 1,172,135 The finar131 statements were approved and authrm4.sed for Aue by the Board on 1910212024 Signeij on hall ol the LKJard ol twslees". D J Hlll, Acting Chalr of Trustees The notes on pages 16 to 35 loim part ofthese finarKral StalenIS. Company regist18ti nuntei.. 07972082 (Engl* and Wale5} 13
Llchfleld Garrlck Theatre Charity Balance Sheet Year Ended 31 July 2023 2023 2022 Fixed assets Tangib assets InVestrnts 13 14 57.270 60,425 57.272 60,427 Currènt assets DebtL¥S Cash al bank and in hand 16 S76,636 2,243,256 380.113 1,505.S13 2.819,892 1.885,626 Creditors: amounts lalling due within one year 11.3C6,8901 1778.6001 Net current assets 1,513.1)02 1.107.026 Tolal ass•ts l•ss ¢urrgnl Ilablllti 1.572,274 1,167,453 Provislons for liabilities 19 Net assets 1.572.274 1,167.453 Charity Funds Reslricled fund$ Unrestri¢led funds.. General funds Designated funds 20 14.519 11,854 606.171 951.584 513,606 641,993 20 Total Charlty funds 1.572,274 1.167.453 The finan¢i81 stslements were approved and aulhoriseil f(¥ issue by the B¢)ard on 1910212024 Sned on behalf of b)3rd of truslee$ D J Hlll, Acltng Chalr ol Trustees The note5 on pages 16 10 35 fL¥Vn Part of these financial slaleTh*nls. Company reg15trati.on numter.. 07972082 IEngland and Wales) 14
Lichfield Garri¢k Theatre Consolidated Statement of Cash Flows Year Ended 31 July 2023 2023 2022 Cash Ilow from operating activilies 23 759,850 $94,773 t tash flow from 0rat1Thg activitE•8 759,850 594.773 C08h flow from Investlng a¢t5vities Payments lo acquire tangible thxed assets Interesl received {19,6471 26.604 (16,3081 1.202 Not cash flow from investing aciivili¢s 6,957 115.1061 Net in¢rea8• In Cash and ¢a$h equlvalents 766.807 579.667 Cash and ¢a$h equivalents brought foThvard 1,709.340 1.129.673 Cash and cash •quivalents at carrlod lonvard 2,476,147 1.709,340 Cash and ¢a$h equivalents ¢onslsts of: Cash al bank and in hand 2.476,147 1,709,340 Cash and tash equivalents at 31 July 2023 2.476.147 1.709,340 15
Lichfield Garrick Theatre Notes to the Financial Statements Year Ended 31 July 2023 Summary Of 8lgnlfl¢ant aceountlng p1¢1•$ lal G•n•ral inforniation and basis of preparation Lhr1e10 Garrick Theatre a charitable company liniled ty guar1$9. registered in England & Wales. In the event of the charily being wound up. the liabikiy in respect ol the gvaranlee is limited to £1 memter of the charity. The address of ihe iegisiered office Is given in the legal and administrative infornwtion in these finar131 statements. The nature of the charity's operations and principal activities are that of a Ihealre. The chaiiiy conslitules a PU1¢ benefit enlrty as defined by FRS 102. The financial slalements have been prepared in accordance wilh Accounb"ng and ReF(Srting by Charilie5.' Statement of Recommended Pract appkable lo chanlies weparing their accounts in accordae with the Financial Reporting Standard appli¢able in the UKand Republic of IrelarKI IFRS 1021. the Charibes Acl 2011. the Companies Act 2006 and UK Generalty Aecepled Pract. The f4)arntyal statements are prep8re(J on a going concern basis uThJer the historical ¢x)si convention. The financial slalemenls are presented in stefling whth is the functional cuirency of Ihe charity and founded to the nearesl £. The signilicant accounb'ng policie5 apFAied in Ihe preparatijn of these finarKial staiernents are sel Jt beknw. These policies have been ¢Msislenlty applied to al years presented unless othernise slated. Ibl Fund$ Ullrestred funds are av&lable for use al the d19cretK of the trustees in furthefance of the general rt)jecli¥es of the charity and whth have nol been designaled for olher puiposes. Designated funds comprtse unreslrKted fvnds that have been sel asKle by the truslees for particular purF)0sgs. The aim and use ofeaeh deswnated lund is sei Out the notes to the Iinaneial statemerils. Reslricied fvnds are lunds which are to te usef1 in accordance with specific restrictions imposed by donors ry which have teen raised by the tharity for part18[ oseS. The cost of raisin9 an adminislenng such funds are charged against Ihe Speci fijnd. The aim and use of each reslrncted fund is sel out in the notes to the fmancial stalemenis. Icl 8¥sis ol ¢onsolldatlon The financial statements consolYate the results of the company and its wholy owned subsidiaries Lichfield GaTrick (Green Room) Limiied and Lichliekl Garrick Productions Limited on a line by line ba51S as required by FRS 102. The company has taken advanlageoflhe exerry)lion contained wrthl section 408 ofthe Ccrfnpanies Act 2(K6 mt to present rts own income and expenditure atxount. Idl Income recognition All ineoming resources are included in the Slalemenl ol Financial Activities ISOFAI when Ihe charity is leg enlilled to the income after any performance condila)ns have been mel, the amount caft be rneasure(I reliabty and it is probable that the MII be recewed. Voluntary inco includes al donatK*ns and gifts thatare ofa general nature. reeognised on a receivable baS 16
Lichfield Garrick Theatre Nots5 to Ihe Financial Statements Year Endod 31 July 2023 Incoming $our¢es from chariiabl8 activ?ties includes all income derwing from theat performan¢es ovided lo the company's beneficiarie5 and perforffrdnce related gran15 received undercontraci. As the company has cultvrdl exempbon status lor VAT. n)sl l)x office (ipts are exempt from VAT Income from trading acb"vities includes income eafned from fundraising evenis and trading activities to raise fvnds for the tharity. Income Is recetved in exchange for supplying 9d$ and services in order to raise fvnds and 15 recognised when entsllemenl has cuurred. Income Irom government and Olher grants are recogniseé al tsir value when the charity has enlillemerbt after performance conditions have been met, it is probable that thè income will be recewed and the amount can be rreasured reliabty 11 entityement 15 r1 met then these amounts are deferred. Other itKow includes Theatte Tax Relief is recognised en the charity te¢on5 enlilled lo receive the funds. {•) Exp•nditure rocognitlon All exFendilure is accryjnted for on an aetnMLs basi% and has been dassifd under headings thai Jgregate all costs related to the category. Expendilure is recognised re there is a legal or eonslructsve obligation lo make paynwnis to third parties, il is probable that the selllement will be required and the amount of thè oblffjation can be measured reliabty. It is calegorised unsjerlhe following headings" Costs ol raising funds iludeS Gosts direGUy attribulable lo the oFwatton of the Green Room-. and Expenditure on charitable aciivilies inc1eS those costs attributable lo the operalion of the Ihealre. IrTecoverabJe VAT is charged as an expense against the xlivity which experKfiture ar05e. In Support costs allocatlon Support C051s are those Ihal assist the work of Ihe charity but do not directly represent charitable activitks and include office costs. govemance costs, and adntratIV payroll costs. They are incurred direcity in support ol expenditu on the obiecis of Ihe charty. Waere support costs cannot be direclly atth"buied lo partKular ading$ they have teen albocaled to cost ol rain9 fjjnds and expenditu on charitabk a¢tNities on a basis tt$1$1ent with use of the resour¢e$. The analysis of these o)sts is induded n nole 7. Igl Tanglbfe fixed ass¢ls Tangible fixed assets are slated al cosl lor deen cost) or valualw)n less accumulaied depreciatDn and accumulated impairment k)sses. Cost inclut1es costs directly atiribulable lo making the assel capable of operating as tended. Depreciabon is provtded on al tangib fixed assels. al fates calculated lo write off the cost, less esb'maled resKlual value. ol each assei on a systematsc basis over ils expected useful lite as fdlows". Land and buildings EquiptrEnl Fixiures and fitlings Sothvare - reduong balance or str3hl-ll1e over the term ofthe lease - 50% reduong balan 01 $traryhl-lu)e over 5 years . 50% re(lu¢ing balance or strahl-llle over 5-10 years - 33% reducing balarKe or strat-[lne over 3 years 17
Lichfield Garrlck Theatre Notes to the Flnanclal Slalements Year Ended 31 July 2023 A fvii year of depceualion is charged in the year of acquisibon wrth no depre¢rdln char9ed in the year of dispjsal. (h) Stocks Stocks a slaleo al the bwer of cosl and esb"mated selling pri $S costs lo compkte and sell. Provision is made for damaged. obsolele and slow-moving stock Whe appropriate. (11 Debtorn and credltors recelvable I payable wfjthln one year Debtor5 and Credito th no slated interest rate and receivaNe or payable within one yearare recorded at transaction p. Any losses in9 from impawrrent are recognis&J In exFendibJre. til Impairnient Assets not measured al fair value a reviewed lor any indication that the asset may k Impaired. 11 such indicab.on exists. the re¢ovefabLg arwinl of Ihe asset. or the asset's cash generating unit, 1$ e¥timaled and compared to the carrying amount. Where the Gairying amount exceeds its recoverable amount. an itryaiment loss is recA)ynised in profrt or loss unless the asset is carried al a revalue amount where the impairment loss is a revalualion decrease. Ikl Provi$4M$ ProvisKJns are recognised en the charity has an obligation 81 the b8larnce sheet date as a result of a past event, it is piobable that an outfbw of economi¢ nefrts 11 iequire(l in sellkmenl and the 8nK)unl can t liatY esb"maled. Il) L•a$e8 RtalS payable and rereN8ble under operatsng leases are charged lo the S¢)FA on a straighl-line basis over Ihe period of the lease. Im) Employee btnefrts en ernploYS have rted SeN1 lo the charrty. short-term empknyeo benefrt$ lo which the ernployees are enlilled are recognised at the undionted afrounl expected lo be patd in exchange lor that service. The charltable company and its subSlaneS operated a defined benelrt scheme operaled as a result of ihe TUPE regulations follon9 the Charity takiThJ over Ihe runnirg of the theatre frorn the Council from 1 February 2013. The scheme is not open to new membws ol stsff subsequent Ihal date. The final eligible empkyee resyned du9 the pricrf year. The assets of the schenE are held separatety from those of the gioup In independenlty adminislereil nds. The Trustees a unable lo confirm Ihe tharity's share of undertying 8ssels and lialm'lilles of ihe defined benefit schen and therefore the scheme is accounted lor as a deled contribution Scheme. C¢)nlribulions payable lo the chanlable conwany's pension stheme ale charged to Ihe SOFA in the period lo which they felale. In) Tax The charity is all exempt charity wilhin the meaning of schedule 3 of the Charities A¢1 2011 and is considered lo pass the tests sel out in Paragraph I SclEdule 6 Finance Act 2010 and therefore il meets the definition ol a charitable compary for UK corporation lax purposes. subsKliaries are chargeable lo corpyatKJn tax on their laxatle profits. 18
Lichfield Garri¢k Theatre Notes to the Financial Slatfrments Year Ended 31 July 2023 (ol Going ¢om¢ern The financial slatemenis have been wepared or a w'ng concem basis as the Iruslees lieve that Ihe theatre has sufficEnl 9overnmental support and SeNeS lo continue. The Irustees have considered the level of ld$ held and the expecied level ol income and expen¢Yrture for 12 monlhs from aulhorising these financial slalements. The Lxjdgeted IA>Me and expernliiure is suffi¢ntwrth Ihe level of reserves for the charity lo be able to conmtse as a wng wncefn. Ipl Judgements and kèy sources of èstlmatlon uncertalnty TheTe h8ve been N)ju(Jgements lapartfrom those involvin9 estimalesl made in the process of applyin9 the above accouniing policies that have had a signifK8nl ellect on amounts re¢(NJnised in the financial statements. There are no key aSsumpti$¢0nc0rnlng Ihe future and olher key 50ufces of estimation uncerlainty at the reporting dale that have a signifi1nt risk ol caus1j a material adjustment lo the carrying am1$ ol assets and liabilities within the next financial year. Income from donatlons and 18gacies 2023 2022 Oonallons 29,124 20,163 29.124 20,163 Income from donab¢Ms and kga¢ies was £29.12412022- £20,163) ofwhich £4.96612022- £nil} was altributable lo reslricled and £24.15812022 - £20.163} was attsibLtsble to unreslrthd lunds. 19
Llchfleld Garrick Theatre Notes to the Financial Staternents Year Ended 31 July 2023 Income from ¢h•Titsble activtties 2023 2022 ProductIC5 Technical, marketir¥J & b(xikirwJ fees Thealrelroom hire Retsil commissK)n & vouchers Grants Li¢hlield Dislricl Con¢11 Straleg partnership agreement Memberships Other 2.222.876 354.593 75.445 14,985 9,$47 190,C 4,953 16,225 1.589,999 280.866 61.856 12.508 22.133 236,667 3,057 52,126 2.888.624 2,259.212 Grants rrfeived. included in the Jove. ¥e as folknws.. 2023 2022 Lichfield Di8tricl Council Covid-19 Supwrt Lichfield Dislricl Cotsncil- Wam Sp8ce Other 9rants 6,(100 3.500 6.047 16,133 9,547 22.133 Incoftk from charitable acti¥ib"es was £2.888.624 {2022- £2,259,212) 0fhh £9,04712022- £19.6331 was altr1bUtab to restlted and £2.879.57712022 - £2.239,579) was attributable lo slri¢ted fLmds. Incomo from other trading activities 2023 2022 Sponsorships Green Rcyn trading income 19.408 326,990 12,807 230,053 346,398 242,860 Incom& from other trading &by"e$ was whty att[itrtal¢ lo unre5tricled funds. Income from Investments 2023 2022 Inleie51- deposits 26.604 1,202 26.604 1,202 Income from investments was wholty attTibLrtabte to Un$trted luThJs. 20
Lichfield Garrick Theatre Notes to the Financial Ststements Year Ended 31 July 2023 Attatysl$ of •xp¢ndlturo on charllable activities 2023 tivities undertaken directy Support C4Y31$ Total Theatre 2.694.058 152,425 2.846.463 2,694.058 152.425 2.846.463 £11.348 01 the above cosls were attributable to $trIcted hJr#Js. £2.835.115 01 ihe aLe Costs were 31tributsble to un"¢led fvnds. 2022 Supp)rt costs Total undertaken directy Theatre 2.120.692 129,257 2,249.949 2,120.692 129.257 2,249.949 £170.109 01 the above costs were aitributable to Irthd funds. £2,079.840 of the above ¢osls were allribulable to unrestri¢d funds. Allocalion of $upp¢xl costs Support cost. 2023 Basis ol alkKats"on Raising fvnds The81 Total GOVernar (note 81 Finance Informats"on technokw DeFwialit Health and salety Penston contributJns 4.61S 8.3 30,671 5.340 15,701 22,801 6.290 15,295 56.327 35,286 13.696 15.701 22.801 6,290 15.75S 63.843 7.516 Total 20.947 152,425 173,372 The support costs for Lrtilities for rasing lund5 are made up ol the ovetheads apportiotw and recharged to Green Room based vpon the percsnlage ol flc¥)r space wcupied within the shared premises by the Green Rwm. The £20,947 of support cosls al11ed Io Taising funds is included within lolal expenditure on raising tunds of £197.117 on the face of the Ststemenl of Fmarscial Activities on page 12. 21
Lichfield Garrick Theatre Notes to the Financial Ststements Year Endod 31 July 2023 Support cost- 2022 Basis of allocation Raising fijnds Thealre Total Governance {nole 81 Finance Information teChrlO9Y Oeprecialion Health and safety Pension contn"butions UlilitÈs 20.781 4,771 9.803 33.948 6.290 11.9 41.669 24.241 15,138 9,803 34,492 6,290 12.206 47,234 10.367 545 210 s.5 Total 20.146 129,257 149,403 The support costs for tsbhties for raSsirrfJ fvnds a made up of the overheads apwrtioned and retharged to Green Room based upon the Fercentage of floor Space occupied within the shared premises by the Green RcK)m. The £20.146 of support fX)sls all¢xaled lo raising funds is included wilhin lotal expeThjitU on iaising funds of £155.455 on trE fa of the statennI ol FinatKial ActNilies on page 11. Go¥•rnance costs 2023 2022 Audiloi's remuneralKJn Legal and profesSnal fees 10 18,390 16.89S 15.606 8.635 35.286 24.241 Net income for the year Nel irrne is stated after chargir4J'. 2023 2022 De(¥ecial1L oftsngible ftxed assets 22.802 34,492 Hire of plant and equipment 19.735 15,800 22
Lichfield Garrick Theatre Notes to the Flnancial Ststements Year Ended 31 July 2023 10 Auditor's r•muneration 2023 2022 Fees payatle to the charity's auditor for the audit of the charity's annual accounis 9.620 7.950 Fees payatle lo the charity's audilor for olher seNres.' Audit ol the Charity's subsidiaries Examination ol grant daims Taxati)n advisory AGccuntsncy 4,030 3.460 750 531 2.915 7,656 1.500 3,240 8.770 Total auditorfs remuneration 11 Trvste•s' and key management personnel remuneration and •xp•n$¢$ The trustees neither received nor waived any reMUneratiC during the year12022 - £nill. The lolal amount of empbyee benefi15 receNe(J by key magement Ferwnel is £321,975 12022- £230.625). The Trust constders ils key rnana3ement Fersonnel c4Jmprise the Art"¢ Drreclor & Chief Executive and department heads. The Iruslees had no expenses reimbursed during the year or the wevious year. 12 Staff ¢osts and •mployee bgn•fits The average rTh)nlhty number of employees duiing the year was as follows". 2023 NLAnber 2022 Numtr*r Raising lurbJ5 charitab activities 14 61 To 77 23
Llchfield Gaffick Theatre Notes to the Financial Statements Year Ended 31 July 2023 12 Staff costs and employee bènefits lcontinuedl The totsl staff costs and employees berffits ¥Rre as foll¢YWS'. 2023 2022 Wages and salafies Coronavirus Job relenlKJn scheme In(X Social secuFIty Pen$Tr Costs (note 23} 877,999 715.278 15.2481 46,779 12.206 61,372 15,755 955,126 771,015 No em 0vee$ iec8Ned total empkjyee tefitS (excluding employer pension costs) ol more than £60.000. 13 TangIb fwed ass•ls- Group Land ¥ IIk11rS Fire5 arn1 rrfti Soft*J•re Totsl Cost or valuats'on.. At 1 August 2022 Addition5 At 31 July 2023 53,254 247.125 5.883 9,651 59.137 256,786 91,057 4,103 95,160 11.510 402.946 19.647 422.593 11.510 Oepreciaiion.. At 1 August 2022 Charge loi the yeav At 31 Juty 2023 22,185 227,368 3.684 12,267 25.869 239.635 81,4S8 6.851 88,309 11,S10 342,521 22,802 365.323 11.510 Net book value.. Al 31 Juty 2023 33.268 17.151 6.851 57.270 Al 31 Juty 2022 31.069 19.757 9.599 60.425 The net l)ook value of L4nd and buildings corry>rised'. 2023 2022 Land Long leaséhold imwovéments 26.000 7.268 26,000 5,D69 24.
Lichfield Garrfck Theatre Notes to the Flnancial Slatements Year Ended 31 July 2023 13 Tangible fixed a$s•ts {¢ontlnuedl- Charlty Ind afvj Equ¥% filiures bwbJir4s aThJ rrftirys Total Cost cy valuation.. Al 1 August 2022 Additions Al 31 July 2023 53.254 247.125 5.883 9.fA1 59.137 256.786 81.318 4.103 85.421 6,950 388.647 19,647 408.294 6.950 Depreciation". Al 1 August 2022 Charge lor the year Al 31 July 2023 22.185 227.368 3.684 12.267 25.869 239.635 71,720 6.851 78.570 6,950 328,223 22.802 351,024 6,95C) Nel book Val.. At 31 Juty 2023 33.268 17.151 6.851 57,270 At 31 July 2L122 31,069 19.757 9.598 60.424 The net took vajue of lafid and buiK1ings comprtsed.. 2023 2022 Land Long leaseh(Ad improvements 26.000 7,268 26.ONJ S.C69 14 Flxed Assel Inve$tTh•nts - Company Shares in group undertakings Cost ty Valuati.. Al 1 August 2022 & 31 July 2023 Nel book value." Al 31 Juty 2022 & 31 July 2023 The investment assets ¢)utsJe th9 UK. The Charitab cornwy owns the entire share capitsl of Lichfield GarrKk (Green Rcom) Liffiled and Lid)field GaNKk PrOdUdKS Limited. companie5 inccwpord in England and Wales. The principal aGlivity ol Li¢hfield Garr (Gen Room) Limiled is the OFeration of the restauranl and bar facili at LKhfiekl GarrKk Thealre. At 31 Jvly 2023 company had nel assets of £37.09912022.. £4.6841. The prinapal actsvity ol Lhfield Garrick ProrJuclJ1Ls Limrted is Ihal ol a thealce prc*Juction company. Al 31 July 2023 the ecffnpany had nel assels of £112022- nel assets of£l1. 25
Lichfield Garrick Theatre Note8 to the Flnanclal Staternents Year Ended 31 July 2023 IS Sfock¥-Group 2023 2022 Green R¢xyn 1 S,070 11,514 15,070 11.514 Green Room slock helj B for rai%ing funds. The Theatre does not hdd slrfk. 16 Debto 2023 Group 2023 Charity 2022 Group 2022 Cha¥ity Tiasje deblws Prepayments arKI accrued income Other deblfxs Amounts owed by subsidiaries 16.079 329.777 56.253 16.079 59.402 56,253 444.W)2 823 181,486 18,945 709 88,562 18,945 271.897 402.109 576,636 201,254 380,113 17 Crediior¥: amount$ falling due withln one ye•r 2023 Gf¢JJP 2023 Charity 2022 Group 2022 Charity Trade credilors Accruals 8nd deferie(J inco Other creditors Social security & other taxes 195.883 1.063.511 43,913 37.975 187.965 1.046.157 43.460 29.308 103.540 617,154 50.540 39.164 94,069 602,662 50,333 31.536 1.341.232 1.306.890 810.398 778.600 18 Leases Operabng leases- lee Totd future Thmnimum lease payments undef non-cancellable operaling leases are as lolk)ws." 2023 2022 Not latsr than one year Later than e and not later than five years 5,179 13,659 5.610 15.716 18,838 21.326 26
Lichfield Garrick Thoatre Notes lo the Financial Statements Year Ended 31 July 2023 19 Deferred In¢omo Total At 1 August 2022 Amount ¥elea$8d lo the SOFA during ihe year Amount deferred in the year 499,515 {488.4751 938.310 At 31 JU 2023 949.350 The amount delefred in Ihe year relates to Iheatre show5 that have Occur after the year end. 27
Llchfield Garrick Theatrè Notes to the Flnancial Statements Year Ended 31 July 2023 20 weconciliation - Group Unrestrlcled fundB- 2023 Balance at 1 August 2022 Other gains I Ilosse$} Balance al 31 July 2023 Incon* Expenditure Transfers General fund 518.288 3,276.737 12.931,5821 1409,969} 190.059 643,261 Deslgnated funds: Theatr1 equipmeni fijnd 296.383 (7.5261 288.857 Bus1rsS fjevdopmenl fvnd 30.0 30,0 Produ¢lKJn development funo 50,000 Legal cosis fund 39.000 39,0 Repaits & maintenance nd 58.370 16.238) 50.0 102.132 Educats"on & community lund 53.815 153.8151 85.323 85,323 Econom value of cawtsl assets designaled to future periods 34.426 122.W21 19.646 31.272 Green Roorn refurbishmenl fund 25.C((J 25.000 Cawlal improvements lund 110,C(101 255.CQO 300,000 1,160.281 3.282.526 13.032,2321 190,059 1,594,845 28
Li¢hfield Garrick Theatre Not•s to Ihe Financial Statements Year Ended 31 July 2023 Unrestii¢t•d funds - 2022 Balan at 1 August 2021 Oth gains I Ikjssesl ealance at 31 July 2022 IwJn ExkndrtLwe Translers General fund 365.632 2,503.804 (2.150.247) 1275.1221 74.221 518.288 Designated fund$: TheatiKal equipment fund 152.933 16.550) 150.000 296,383 Business development fund 50.O¢X) (20.OLM)I 30.otrj ProdUctn (kvelopmenl fvnd 25.000 so,000 Touring development fvnd 25.000 (25.C¥)01 Legal costs lund 39.OtX) Repairs & maintenance fund 42.5(Ll 14.1301 20.000 58,370 EdvcatK)n & Ct)mnxJnity ftjnd 40.420 (40.420) 53,815 53.815 EcOnOrn value of capital assets designated lo future periods s2.6 133.9481 16,3D7 34.426 Green Room ielurbishmenl fund 25.000 25.000 Capit81 improvements lund 55.CVJO 55,000 817.551 2.235.295 74.221 1,160.281 29
Lichfield Garrick Theatre Noles to the Finan¢lal Statements Year Ended 31 July 2023 R8strlet4d funds - 2023 83larKe 31 1 August 2022 Olher gains I Ib55esl Balance at 31 Juty 2023 Incoft Expenditure Transfers Ralhbone Tiust I McLay 1.285 11.2851 Caption Carr¢)a@n 69 69 Swinfen Broun Charitable Trust- Lift 2,500 2.SOO Mary Slaler- Lift 4.000 Edward C8dbury - Lift 4,000 4,000 Wafm Space- Lichfield Communrty Lollery I1.Cl Wami Space- City Council (2.5CKII Warrn Space- Donations 3.385 (3.3861 Sebbie Hall Kindness Foundation~ lamily lthets 1,WO (S) 500 Communty Foundation of Staffordshire- Garrk 20 1,C(JO 1.000 The Community Foundation of StaffOrdshi - Ukrainian hlm 1.547 1.547 Swinfen Broun Charitable Trust- Archrtecl DesvJn {2.OLXII
Liehfield Garrick Theatre Notes to the Financial SL•tements Year Ended 31 July 2023 Famity ts"¢kets- Oecernber 2022 (5501 Famity tickets - t)ecember 2023 170 170 Garr[20 projeets 735 735 Spcnsor a Costume (Wnd in the Wluowsl 127 {1271 11.854 14,013 (11.3481 14,519 Restrlcted fund$ . 2022 Balaft al 1 Augusl 2021 other gains I (105se51 Balancg al 31 Juty 2022 Incon* Expendrtuie Tianslers Rathlxsne Trust l LaY 41,280 12,9951 1,285 Garrick Charitable Trust 2.500 12,500) Sainlbury Trust I3.0) Garrick Cares At Chrtstsn8S 709 1709) Caption caMpaD 69 Coronavirus Job Retention Scheft 15.248) 5.248 Swinfen Broun Charitable Trust- Lift 2,5 2,500 Grounthvorks- Tesco- Comm Muxal 11.0001 ary Slater- Lift 4,000 31
Lichfield Garrick Theatre Notes to thè Financial Statements Year Ended 31 July 2023 Edward Cadbury- L 4.000 Arts Counal {135.0241 135.024 Holiday Activities Fund 2.274 12.2741 Sir Barry jacks Trust EY 2.435 {2,4351 The Strassei Foundatson- EY 250 {2501 Kickslart 7.353 17.3531 Lichliel Dislrict Council (Omi¢ronl 6.Q)O I6.[)0) HMRC- SSP fe COVID 321 {3211 SCC- Young Rep 1.000 {1.1) 22.058 19.633 1170,1091 140,272 11,854 Fund de$¢ripti¢n$ Restrfcted funds The Ralhbone Trust l McLay fijnd was to suppjrt denntia fIndty cine. The Arts Couficil Grant was provhjed as emergency fundiNJ in response lo the restic$ imposed as a result ol cOravIN$ pandern. The Garrick Charrtable Tiusl fvnd 4$ a grant for the YouTrJ Director Scheme. The Saintbury Twst. Sir Barry Jackson and the Strasser FnI?ti0ft Ivnds were loi the Early Ye$ Christmas Show Tour. The Garrick Cares at Chrislnw lund were dOnatrIS raised towards the É8fty Yeats Toui. The Caption Caffpaign fund were donations raBe(I to sUprt captioned PerfmarKe5. Mary Slaier. Eoward Cadbury Swinlen Broun funds were grants raised IDwaids the wrchase of a new platforrn lift. The Lichfield th'stncl Ctsjnol grant was emergerq Cov*J-19 supwt 32
Lichfield Garrick Theatre Notes to the Financial SlatsmontS Year End•d 31 July 2023 The Gioundworks- Tesco funding wa5 for a community mu5ic31 pwJecL Coronavlrus Job R8t6ntion sche was a C&JVernrrt stheme to a$1 with employment costs during thè Coronavirus pandeTr. Kickslart was a Government scherne lo asst5t wlh creating jobs for Yn9 reople on UnNersal Credit folknwin9 the Coronaviius pandem. HMRC SSP was a Govemmenl scheft tofund SSP ircurred as a resullolSknesS due to Co(onaviNs. The HolKlay Activilie$ hjrtd was a grant lo provide actNth"e5 for thi[dn during thè schcd holKlays. Thg SCC-Young Rep fvnd was a 9r8nl re¢eNed Irom Staffordshye County Countyl lo assist wilh the Young Rep programme. Warm Space- Lichlield Coff¥nunty L(Itery- was a grant knvards the operation ol a Warm Spa¢e al the Theatre. Warm Space- City Council- was a granl towards Ihe operatn of a Warm Space at the Theatre. Warm Spa- Oonabons- were donati¢)ns reCepd from ujstomers lowards the oper81K)n of a Warm Space at the Theatre. Sethe Hall Kindness Foundat - family trkets- was o grant lowards the Chnstma$ ti¢ket appeals lor 2022 and 2023 which offers ttckets via l¢xal charib.es lo Gl¥"Idn and young people who would not be able to attend without a free bckel. Community Foundab"on of staffordshi GaNK 20 projects - was a grant lowaids Garfick 20 - a pfrane of community projects. school projects and wort. The Conmrunity Foundation ol Staffordshire Ukraran film rrfqect - was a grant from the New Communities Resettlement schen towards sceening ol flms dubbed in Ukrankan for Ukrainian refugees. Swinlen Broun Charitable Trust- Architect Design- wa5 a grantlo eoverarchitect fees for a redesign of ihe front of house spaS in the Theat. Famity Iet$ - December 2022 - were custrHner donations towards the Chfislmas ttd(et appeal whth offers yketS vTra local charities lo chiklren and FeOF* who would not be alle to attend withoLJI 8 tree lickel. FallY IketS - December 2023 - were customer donations towards the Christmas ticket appeal whth offers lickets via local charitses to chihjren and young peo vtho woukj nol be able lo allend wilhoul free tickeL G8rnck20 Projects-were¢ust(Mnw donalv)ns towardsGarrrk20- a prcsramrre ofcknmunity projects. school projects and work F4acements in ¢et•t)n of the Garr4.5 20th bll1hday. spons a Costume in WlkAvsl-were cuslomerdonalions tchvards Ihe costs of ¢ostumes for Wind in the lw$. Designated fvnds The designated fvTrnds reprewt allocatfi$ of general lunds 19 alkN for e55enlial Ihealrical equipment replacement, business development. prtsyuthon ¢Jevelopmenl, touring devekspmenl. legal cosls. repairs and maintenance, education and comrwnity aclr¥ilies, Green Rrn refurbi5hfflenl costs and capital improvement projects. 33
Lichfield Garrick Theatre Note$ ¢0 lh¢ Flnanclal Statements Year Ended 31 July 2023 The econornic value of caprt81 assets designaled to future pemds preSentS the nel Lk value ol the Charity'5 ffixed a5se15. exduding land. lo deprlated through the Statemenl of Financial Activities in ftrture accounting periods acros5 their usefvl econom irte. General lund The general fund represents unrestricted lunds availabfe to eovef ongoing operalK)nal exFendilure. Analysls of n•t assats belween funds Unrestrthd funds [lesJnaled nds Restricled funds Total Fixed assets Cash at bank hand Curient assets Cuirent lL?l1eS Total 57.270 1.510.044 417.179 11,341.2321 643,261 57.270 2.47S,147 417,179 11.341,2321 1,609,364 951.584 14,519 951,584 14.519 22 Reconciliation ol net Incom• to net cash Ilow from operating a¢tl¥itlg$ 2W23 2022 Net incomè I lexpendilurel fc* yeaf befofe transfers ben 15 Inte$t feceivab DetKecralion and Impair1 of tsngible fixed assets Provisions less pay15 Ilncreasel I decrease in stod( Ilncreasel I decrease in debtors Increase l {decreasel in creditors 437.229 {26.6041 22.802 332,526 11.2021 34.492 {3.5561 I2(.855) 530.834 {4.3861 9,482 223.861 Net cash flow frorn OFerab"ng ti¥ll1e5 759,850 594,773 23 Pensions and other p05t-retirement beMfrts The charity operales tK>lh a defined c0ntsibth1r and a defid benefit pension plan lor ils ernployees. (See nole Ilml lor delailsl. The defined benefit pension plan was onty open lo TUPE employees and the final elgible ernoYee resBned dumg the year ending July 2021. The arnount recognised as an expense in the ri0 was £15,755 {2022 - £12.2C61', £15.75512022 - £12.2061 lor the defined contn"bulion scheme and £nil12022 - £rnll lor Ihe defwied benefit s¢heme.
Lichfield Garrlck Theatrg Notes to the Financial Statoments Yèar Ended 31 July 2023 T17e defined conlribulion liability is alkxale(l Eo unrestricte¢ luTrJs. Related party transaclions The group has taken advantage ol the exemFion fc the requireTrnts lo dI105e Iiansaclions with group coryanies elimsn8led cffl cOnSdabOn. The Council provides funding lo the Theatre and had one Trustee Presentate on Ihe Board. In thè year lo July 2023. the Theatre (1ve £3.51Y) {2022 - £nl} in Warm Spaces grant lundin9, £Thil12022 £6,000) in Covid-19 supwi grant fijnding and £190.IXQ 12022". £236,657) undei a slrèiegic P8rtnership agreement. The Theat purchase<l rtnaged services and other non-standard services from ihe Council amounting to £6.29012022 - É6,2901.