2020-12-31-accounts

The Montgomery Theatre & Arts Centre The Montgomery Theatre and Arts Centre Limited Annual Report & Financial Statements for the year ending 31st December 2020 Company Re8lStration No= 07963026 Charity Registration No.. 1148489

The Montgomery Theatre and Arts Centre for the year ending 31" December 2020 Page 2 Legal and administrative information Page3-7 Trustees, report Page 8 Independent examinerfs report Page 9 Statement of Financial Activities Page 10 Balance Sheet Page 11- 18 Notes to the Financial Statements

The Montgomery Theatre and Arts Centre for the year ending 31" December 2020 Working Name Charity Number Company Number Registered Office The MontgomeryTheatre and Arts Centre 1148489 07963026 The Montgomery Theatre and Arts Centre, Surrey Street, Shefrield, Sl 2LG Directors and Trustees The directors of the charitable company Ithe charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year were as follows.. (resigned 8 May 20201 Nick Challenger Malcolm Burrell Stephen Ellis John Hudson Glyn lones Richard Powell Joanne Ringrose Sarah Mashford Chair Managlng Director Theresa Keogh Sarah Sharp (Director until 24 August 20211 (Director from 24 August 20211 Legal Status Non-profit making company limited by guarantee and a registered charity Governing Instrument Articles of Association dated 23rd February 2012 Primary Bankers The Co-operative bank P.0. Box 250 Delf House Southwav Skelmersdale WN8 6WT Independent Examiner Nicola Adams ACA DChA BHP LLP 2 Rutland Park Sheffield SIO 2PD

The Montgomery Theatre and Arts Centre for the year ending 31" December 2020 The Trustees are pleased to present their annual trustees, report together with the financial statements of the charity for the year ending 31, December 2020 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 (issued in October 20191. This is the eighth Trustees, Annual Report and Accounts for The Montgomery Theatre and Arts Centre (The Montgomery'l, a registered charity, which, under different names, has been in existence for over 200 years, serving the needs of the people of the city. In 1886 our city centre venue, Montgomery Hall, was built in memory of James Montgomery, a prominent city leader and active promoter of literacy, numeracy and Christian teaching and for the children of Sheffield. The venue ha5 a rich history in the entertainment life of the city, particularly in music, theatre, literature and the arts, and at present comprises a 420 seat theatre as well as a Studio space, a gallery and flexible space for workshops, rehearsals and other creative activities. The focus of the charity remains to serve the needs of the city and honour its heritage and the vision of its founders, by featurinE many community performing arts companies, presenting a programme of professional touring theatre for children and families, supporting local artists by providing space for exhibiting their work, and hosting commercial touring productions. Governing document and organisational structure The Montgomery is governed by its Articles of Association dated 23, February 2012, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006. This established the objects and powers of the charitable company. In the event of the company being wound up members are required to contribute the sum of £1. The trustees and directors who have served during the year are set out on page 2. A board of trustees and directors, which meets regularly, is responsible for overseeing the administration of the charity. In March 2020 one of the Trustees made the decision to resign. The Montgomery undertook an organisational restructure in 2020 due to the Coronavirus pandemic in order to reduce its outgoings and to future proof the organisation for a covid and post-covid theatre landscape. The day to day decisions and running of The Montgomery is overseen by the Managing Director and staff. Their salaries are set by the trustees, with increases in line with inflation subject to budget constraints. In 2020 The Montgomery committed to paying all employed staff the living wage. Risk management The trustees, in conjunction with staff members, have conducted their own review of the major risks to which the Montgomery is exposed, and steps have been taken to mitigate those risks. These procedures are regularly reviewed to ensure that they still meet the needs of the charity. Reserves policy Following a review of future working capital requirements, particularly in the light of the age of our premises, the Trustees have adopted the following reserves policy: it has been agreed that it is prudent for the company to hold working capital equivalent to six month's staff and operational costs, approximately £85k. At 31 December 2020, the free reserves totalled £125,188, which is in excess of the policy at 31 December 2020.

The Montgomery Theatre and Arts Centre for the year ending 31" December 2020 Investment policy and objectives The main asset of the Montgomery is its freehold premises, Montgomery Hall. This comprises of three retail units which are leased to tenants in addition to the theatre and other space for our own charitable use. Our tenants provide a financial return combined with sustainability, positive ethical and moral criteria, responsible employment and corporate governance. Covid-19 had an impact on our leaseholder payments which reduced our lease income in the short-term. The Montgomery recognises the need to safeguard and maximise its income. Cash investment is held in the COIF Charities Deposit Fund. Conflict of interest polity The conflict of interest policy is laid down by the Articles of Association, and the Montgomery always endeavours to act in its best interests. Mlssion, vislon and values Our Mission is to provide space and opportunities for the people of Sheffield to discover, develop, experience and share their creativity. Our Vision is to be the most important community theatre and arts centre in Sheffield, where people from all communities, families and young children can share and explore creativity through performance and the arts. Our values are= Honesty: building trust through transparency and ethical choices Care.. showing care and respect to all by being welcoming, warm and kind Co113boration'. responding to the needs of our partners by listening and embracing ideas with a willingness to adapt Courage= following our hearts to work with initiative, enthusiasm, passion and dedication towards a common goal that builds on our history Charitable Objertives To establish and maintain a creative and performing arts centre for the benefit of all. The Montgomery seeks to achieve its objectives through continuing and building relationships with a wide variety of organisations throughout the city and beyond. During the period under review, this has included Sheffield Theatres Trust,. over 25 Community Theatre Companies,. Sheffield Hallam University Performing Arts Department,. Carney Academy; Wanlin Academy of Dance and Performing Arts,. Small Venues Network ISVNI part of the Family Arts Network throughout the South Yorkshire region supported by Arts Council England. The values of the Family Arts Standards are at the forefront of our arts programming and the redevelopment of our venue. We offer a multi-disciplinary family arts experience unique to the City, with facilities available to hire, as well as offering our own programme of creative activities and performances for young people provided by professionals.

The Montgomery Theatre and Arts Centre for the year ending 31" December 2020 Public benefit The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Details of how the charity provides public benefit is included within the achievement and performance section. Volunteers The Montgomery is very involved in the community and relies on voluntary help. Whilst The MontEomery hosts over 40 volunteers we have only utilised 20 during 2020 due to Covid. Our volunteer programme enables lower staff costs than would otherwise be the case. Our volunteers are a diverse range of people ranging from students to retirees. Frlends The Friends of The Montgomery was established in June 2017 in conjunction with some of the amateur theatre groups who use the theatre. Friends pay an annual subscription to be a member. We have an active 'Friends of The Montgomery, group, with a dedicated committee who regularly send newsletters to its members, orBanise fundraising events and social activities. Within the Friends are also The 'Ladies in Lavender, who run coffee morninES usually on the first Saturday of each month, selling homemade cakes and scones, and whom play an integral role in raising funds. To date there are 142 friends. Friends organise fundraising activities to fund ongoing projects at The Montgomery, volunteer for various roles and enjoy social activities. Recruitment and appointment of new trustees New trustees are appointed only when they have the necessary skills and commitment to the charity. The board of trustees assesses the skills of new trustees and provides training as necessarv. Artistic Policy Our Artistic Policy is as follows.. The beating heart for creativity- art in all its glorious forms - begins with the people and communities of our fantastic city, Sheffield. The Montgomery is so much more than an historic building. From the beginning our passion was the development of children, families and the wider communities,. and as a centre for the arts in Sheffield, our aim is to enable people from diverse communities to discover, develop, explore, experience and share their creativity. The Montgomery is the only centre for the arts in Sheffield that has a specific focus on programming outstanding professional theatre productions for young audiences between the ages of 5 and 16, to share with their families. Working with selected partners, we offer creative workshops, classes and experiences for children and their families to explore the world of theatre and encourage their own creativity, developing a relationship with the arts that we hope will last a lifetime. The Montgomery is the most important performance space for the thriving non-professional theatre community in Sheffield. We host and support performances from community groups, schools, colleges and dance academies on our stage, bringing together people from across the diverse range of our communities in shared creative experiences. The Montgomery is an art centre dedicated to the exploration and development of creativity for local people and local community artists, from workshop space to art gallery exhibitions.,

The Montgomery Theatre and Arts Centre for the year ending 31" December 2020 Achievement and Performance The forced closure of our venue, due to the coronavirus pandemic, drastically reduced our output in 2020. Whilst we were able to take some of our classes online, we were unable to host theatre productions from mid-march onwards. Prior to this we hosted five community companies and three professional children's touring theatre productions. We also hosted our regular classes including Wanlin, Carney Academy and Over 55's dance. We also hosted two art exhibitions in our gallery space,. hosting work from local artists. Future Developments The redevelopment of the venue lies at the heart of our vision for the future. During 2020-21 we continued to work with Southgate and Sarabia Architects to develop three building designs= a current plan, a refurbishment plan and a rebuild plan. In 2021, we are working with RLB who are providing pro bono support to create a cost plan for a refurbishment and a rebuild. We are continuing to progress the redevelopment in 2021 and are seeking to raise funds for a feasibility Study for winter 2021. Going concern There are no material uncertainties in relation to going concern. Further details about the adoption of the going concern basis are given in the accounting policies note. Statement of trustee5' responsibilities in relation to the financial statements The trustees Iwho are also the Directors of The Montgomery Theatre and Arts Centre Limited la company limited by guarantee) for the purposes of company lawl are responsible for preparinB the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. suitable accounting policies and apply them consistently observe the methods and principles in the Charity SORP 2019 IFRS 1021 make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Montgomery Theatre and Arts Centre for the year ending 31" December 2020 This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Approved by the Board and signed on behalf of the Board by Mrs Joanne Ringrose Chair of Trustees Date.. Sep 10. 2021

The Montgomery Theatre and Arts Centre for the year ending 31[st ] December 2020

Independent Examiner's Report to the Trustees of Montgomery Arts Christian Centre Sheffield Ltd

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2020 which are set out on pages 9 to 18.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Nicola Adams ACA DChA

BHP LLP 2 Rutland Park

Sheffield

510 2PD Date: 13 September 2021

8

The Montgomery Theatre and Arts Centre Limited Statement of Financial Activities For the year ending 31st December 2020 Unrestricted Designated Restricted Funds Funds Funds TOTAL TOTAL Notes 2020 2019 INCOME FROM: Donations 3a 127,110 708 127,818 8,493 Charitable activities 3b 34,036 34,036 156,278 Other trading activities 3c 54,719 54,719 55,471 Investments 3d 202 Other income 3e 36,997 36,997 5,000 TOTAL INCOME 252.870 708 253.578 225.444 EXPENDITURE ON= Charitable activities 154,361 991 155,352 253,095 Trading activities 400 400 1,015 TOTAL RESOURCES EXPENDED 154,761 991 155,752 254,110 NET INCOME/{EXPENDITURE) 98,109 (283) 97,826 {28,666) Gross transfer between funds Total funds brought forward TOTAL FUNDS CARRIED FORWARD 187,938 286,047 959 959 6,630 6,347 195,527 293,353 224,193 195,527 Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 11 to 18 form part of these financial statements.

The Montgomery Theatre and Arts Centre Limited Balance Sheet as at 31st December 2020 Unrestricted Restricted 31-Dec-20 31-Dec-19 Funds Funds Total Total Notes Fixed a55etS Tangible assets 161,818 161,818 164,561 Current assets Debtors Cash at bank and in hand Total current assets li 25,830 151,831 177.661 25,830 158,178 184,008 10,913 88,239 99.152 io 6,347 6.347 Creditors: amounts falling due within one year 12 52,473 52,473 68,186 NET CURRENT ASSETS 125,188 6,347 131,535 30,966 NET ASSErs 287,006 6,347 293,353 195,527 Funds of the charity General funds Designated funds Restricted funds 286,047 959 286,047 959 187,938 959 6,347 6,347 6,630 TOTAL FUNDS 287,006 6,347 293,353 195,527 The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relatinE to small companies. Directors, responsibilities: the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accountinE records and the preparation of accounts these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime Approved by the Trustees and signed on their behalf bv: JQ, Mrs Joanne Ringrose Chair of Trustees Date.. Sep 10, 2021 io

The Montgomery Theatre and Arts Centre Limited Notes to the Financial Statements For the year ending 31st December 2020 I. ACCOUNTING POLICIES Basis of preparation The financi31 stat&ments have b&en prepared in accordance with Accounting and Reporting by Ch3rities'. St3tement of Recommend&d Pr3Ctice 3pplicabl& to ch3rities preparing their 3ccounts in accordance with the Financial Reporting Stand8rd applicabl& in the UK and Republic of Ireland IFRS 1021 lissued October 20191 ICh8rities SORP IFRS 10211, the Fin8ncial Reporting St3nd8rd applicable in the UK and R&public of Ireland IFRS 1021 and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially re£ogni5ed at historical cost or transaction value unle55 Otherwise stated in the relevant accounting policy notelsl. The financial 5tatement5 are presented in Sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Income Recognition of income This is included in the Statement of Financial Activities ISOFAI when.. the charity becomes entitled to the resources,. it 15 probable that the income will be received,. and the monetaryvalue can be measured reliablv. Income with related expenditure Where income h>5 related expenditure las Wlth fundraising or contract income) the income ènd related expenditure are reported gross In the SOFA. Incomefrom choritable octivitie5 Income received in advance ol a theatrical performance or provision of other specified services is deferred until the Criteria for income recognition are met. Grtjnts ond donations Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are Included in the SOFA as income when receivable. Donutedservices undfucilitie5 These are only included in income (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources IS the estimated value to the charity of the service or facility received. Volunteer help The value of any voluntary help received is not included in the accounts but Is described in the trustees, annual report. Other income Income relating to the Coronavirus Job Retention Scheme is recognised in the period lor which the funding is claimed. li

The Montgomery Theatre and Arts Centre Limited Notes to the Financial Statements For the year ending 31st December 2020 I. ACCOUNTING POLICIES- continued Investment income This is included in the accounts when receivable. Expenditure Expenditure recognitio Expenditure is recognised once there 15 8 legal or constructive obligation to make a paymentto a third party. it is probabl& that settlement will be required and the amount of obligation can be mea5ur&d reliably. Grant5 P(Tyable without performance condition5 These are only recognised in the account5 when a cornrnitment ha5 been made and there are no conditions to be met relating to a grant which remain in control of the charitv. Support costs Support costs include central functlOn5 and governance costs. Tanglble flxed assets Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year, and cost £1,000 or more. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives, less residual value. The rate applied per annum is a5 follows.. Equipment No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value 15 not le55 than c05t. 25% Funds Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been design3ted for other purpose5. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The airn and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The £05t ol raising and administering such funds are charged against the specific fund. The aim and use ol each restricted fund is set out in the notes to the financial statements. Golng con¢ern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the impact of COVID-19 post year end on level of funds held, cash balances and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure and cash balances are sufficient with the level of reserves for the charity to be able to continue as a going concern. Tax The company is considered to pass the tests set out in Sch. 6, para. l of the Finance Act 2010 and therefore it meets the definition ol a charitable Company for UK corporation tax purposes. Accordingly, the company is potentially exernpt from taxation in respect of income or capital gains received within categorie5 covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 12

The Montgomery Theatre and Arts Centre Limited Notes to the Financial Statements For the year ending 31st December 2020 I. ACCOUNTING POLICIES- continued Employee benefits When employees have rendered service to the ch3rity, short-term employee benefits to which the employees are entitled are recognised at the undi5counted amount expected to be paid in exchange for that service. Debtors and ¢reditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Flnanclal Instruments The company only has financial assets and financial liabilities of a kind that Qualify as basic financial instruments. 8asic financial instruments are initially recognised at transaction value and subsequentlv measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effettive interest method. Cash at bank Cash at bank and in hand includes cash and short-term highly liquid investrnent5 Wlth a short rnaturity of three month5 or les5 from the date ol acquisition or opening of the deposit or Similar account. Judgement5 and key sour(e5 of e5timztion uncertainty The following judgernents (apart from those involving estimates) have been made in the proces5 of applying the above 3ccounting policies that h3ve had the most significant effect on amounts recognised in the fin3ncial 5tatem@nts'. The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and 2. TANGIBLE FIXED ASSETS Equipment Total Cost as at l January 2020 Additions Cost at 31 December 2020 156,207 52,850 209,057 156,207 52,850 209,057 D&preci3tion as at l January 2020 Charge for the year Depreci3tion at 31 December 2020 44,496 2,743 47,239 44,496 2,743 47,239 Net book value at 31 December 2020 Net book value at 31 December 2019 156,207 156,207 5,611 8,354 161,818 164,561 13

The Montgomery Theatre and Arts Centre Limited Notes to the Financial Statements For the year ending 31st December 2020 3. INCOME FROM.. Unrestricted Designated Restricted Funds Funds Funds TOTAL TOTAL 2020 2019 al Donations Membership fees Donation5 Grants 20 5,090 122,000 127,110 4,649 165 543 185 5,633 122,000 127,818 8,493 893 3,103 4,497 8,493 2Q19 rorol 3,844 bl Charitable activities Theatre hire Box office charges Show income Roorn hire Project income Resource library subscriptions Marketing 18,745 5,395 5,747 3,437 637 18,745 5,395 5,747 3,437 637 66,799 18,243 37.154 25,580 7,297 120 1,085 156,278 75 34,036 156,278 75 34,036 156,278 2Q19 totol cl Other trading activities Fundraising Commi5510nS Rents Roorn hire Theatre bar 649 498 800 46,433 i.ioo 6,640 SS,471 52,340 52,340 1,730 54,719 55,461 1,730 54,719 55,471 2Q19 totol io dl Investments Investment & Bank Interest 202 202 2019 totol 196 202 el Other Income Coronavirus job retention scheme income Dilapidation payment 36,997 36,997 s.000 5,1)00 36,997 5,0(10 36,997 5,000 2019 totol 4. CHARITABLE ACTIVITIES Note Unrestricted Designated Restricted Funds Funds Funds TOTAL TOTAL 2020 2019 Theatre Hire Programmed Events pro1￿tS Box Office Marketing Staff Costs Support Cost5.. 90 4,069 500 3,138 870 87,342 58,352 154,361 244,885 90 4,760 500 3,138 870 87.342 58,652 155,352 253,095 1,500 27,023 5.166 8,873 7,101 96.743 106,689 253,095 691 300 991 8,210 2Q19 totol 14

The Montgomery Theatre and Arts Centre Limited Notes to the Financial Statements For the year ending 31st December 2020 5. SUPPORT COSTS Unrestricted Designated Restricted Funds Funds Funds TOTAL TOTAL 2020 2019 Staff c05tS Rates 2,312 3,046 13,985 1,390 959 2,219 2,312 3,046 13.985 1,390 959 2,219 300 3,726 15,659 3,529 13,007 4,181 20.824 1,526 11,544 4.234 1,157 15,022 13.129 6,941 660 8.352 2,403 3,240 469 Telecommunications Repairs & renewals Administration Marketing Cleaning Insurance Service and maintenance Equipment D&preci3tion Profe55ional fees Independent examination fees Sundries Bad debt expen5e5 300 3,726 15,659 3,529 2,743 3,839 3,240 1,005 700 58,352 100,174 2,743 3,839 3,240 I,(I)5 700 58,652 106,689 3CN) 6,515 106,689 2Q19 totol 6. TRADING COSTS ACTIVITIES Unrestricted Designated Restricted Funds Funds Funds TOTAL TOTAL 2020 2019 Catering Fundraising Merchandise 400 400 777 12 226 1,015 400 1,015 2Q19 rorol 1,015 7. UNRESTRICTED FUNDS Balance 01-Jan-20 Transferfrom Balance Expenditure General Fund 31-Dec-20 Incorne Current year.. General funds 187,938 187,938 252,870 252A70 154,761 154,761 286,047 286,047 Balance 01-Jan-19 Transfer from Balance Expenditure General Fund 31-Dec-19 Income Prior year.. General funds 212,254 212,254 221,584 221,584 245,900 245,9CN) 187,938 187,938 15

The Montgomery Theatre and Arts Centre Limited Notes to the Financial Statements For the year ending 31st December 2020 8. DESIGNATED FUNDS B31ance Transferfrorn Expenditure General Fund 31-Dec-20 Balance 01-Jan-20 Income Cijrrent yeor.. Redevelopment fund 959 959 959 959 B31ance Transferfrom Expenditure General Fund 31-Dec-19 Balance 01-Jan-19 Income Prior year.. Redevelopment fund 959 959 959 959 9. RESTRICTED FUNDS B31ance Transferfrom Expenditure General Fund 31-Dec-20 Balance 01-Jan-20 Income Current year.. Sheffield city mission fund Redevelopment fund Godly play Specific purpose Theatre improvement5 Friends of the montgomery 873 1,944 400 1,415 730 1,268 6,630 873 1,984 400 424 730 1,936 6,347 991 668 708 991 Balance 01-Jan-19 Transfer from Balance Expenditure General Fund 31-Dec-19 Incorne Prior year.. Sheffield city mission fund Redevelopment fund Godly play Specific purpose Theatr& improvements Friends ofthe Montgomery 867 1,239 400 946 6,549 979 10,980 873 1.944 400 1,415 730 1,268 6,630 705 1,997 11381 1,290 3A60 1,528 5,681 I,ODi 8,210 The Sheffield City Mission Fund 15 Used to 5ub5idi5e faith work through The Arts. The Redevelopment Fund is used for updating and modernising the building. Godly Play 15 used for the m3intenance of resources boxes. Specific Purpose are fund5 earrnarked for consultant fee5 linked to the long-terrn future of The Montgomery. Theatre Improvements are funds to improve the seatinz and dressing rooms in the theatre. Friends of The Montyomery are funds raised by the committee to be spent on Specific projects as decided by the mernber5. The restricted funds are wholly represented by cash reserves of the charity. 10. CASH AT BANK AND IN HAND Unrestrirted Restritted Fund Fund Total 31-Dec-20 Total 31-Dec-19 Cash at bank and in hand Short Term Deposits 116,199 35,632 151A31 6,347 122,546 35,632 158,178 52,587 35,652 88,239 6.347 16

The Montgomery Theatre and Arts Centre Limited Notes to the Financial Statements For the year ending 31st December 2020 Unrestricted Restricted Total Total 11. DEBTORS Fund Fund 31-Oec-20 31-Dec-19 Trade debtor5 Prepayment5 Other debtors 13,914 11,273 643 25A30 13,914 11,273 643 25.830 9.837 1,076 10,913 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestricted Restricted Total Total Fund 13,374 13.942 10,795 7,198 360 6,480 324 52.473 Fund 31-Oec-20 13,374 13,942 10,795 7,198 360 6,480 324 52A73 31-Dec-19 14,315 10.563 13,619 23,091 3.034 3,240 324 68,186 Trade creditors Income received in advance Venue hire dep051t5 Hirers. box office takings Provision for legal fee5 Other creditors 13. STAFF COSTS AND NUM8ERS 2020 2019 Gr055 wage5 and Salaries Employer's national insurance costs Pension contributions 86.782 1,455 1,417 89,654 104,861 1,028 2,276 108,165 The Montgomery employs 7 employees12019.. 91- equivalent to 3.5 full time staff and op&rates the PAYE schetne. Included in staff c05t5 15 £10.123 relating to redundancy c05t512019.. £nill. Employe&s were engaged in each of th& following 3Ctivities'. 2020 2019 TOTAL TOTAL Activities in furtherance of organisation's objerts Management and administration No ernployee received etnolurnents in exce55 of £60,000 in either year. 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrirted Restritted Fund Fund Total 31-Dec-20 161,818 184,008 152,4731 293,353 Current year.. Tangible 3ssets Current a55et5 Creditors due within one year 161,818 177,661 152,4731 287,006 6,347 6,347 Unrestricted Restricted Fund Fund Total 31-Dec-19 Prior year.. Tangible a55et5 Current assets Creditors due within one ye3r 164,561 92,522 168,1861 188,897 164,561 99,152 168,1861 195,527 6,630 6,630 17

The Montgomery Theatre and Arts Centre Limited Notes to the Financial Statements For the year ending 31st December 2020 IS. TRUSTEES REMUNERATION AND EXPENSES No trustees were remunerated or paid expenses in either year. DonatlOn5 amounting to £1,254 were received frorn trustee512019.. £5791. 16. RELATED PARTYTRANSACTIONS There were no related party transactions in the year12019.. £nill. 18