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