|||Page||
|---|---|---|---|
|Report ofthe Trustees||1 to|6|
|Independent
Examiner's|Report|||
|Statement
of Financial Activities||||
|Balance Sheet||9 to|10|
|Cash Flow Statement||||
|Notes to the Cash Flow|Statement|12||
|Notes to the Financial Statements||13 to|20|
|Detailed Statement of Financial Activities||21 to|22|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|f|E|E|E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||279,796|105,000|384,796|314,741|
|Charitable
activities||||||||
|Opera performances|||||||259,046|
|Activities for generating|funds||3|825||825|53,059|
|Investment
income|||4||43|43||
|Other income|||14|5,905||5,905||
|Total||||286,526|105,043|391,569|626,846|
|EXPENDITURE ON||||||||
|Raising funds||||2,125||2,125|28,105|
|Charitable
activities||||||||
|Opera performances||||130,684||130,684|536,605|
|Governance
costs||||10,128||10,128|10,942|
|Total||||142,937||142,937|575,652|
|NET INCOME||||143,589|105,043|248,632|51,194|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought forward||||21,588||21,588|(29,606)|
|TOTAL FUNDS CARRIED|FORWARD|||165,177|105,043|270,220|21,588|
##
##
|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|E|E|E|f|
|FIXEDASSETS||||||
|Tangible assets|15|2,997|27,082|30,079|14,322|
|CURRENT ASSETS||||||
|Debtors|16|26,658||26,658|77,440|
|Cash at bank and in hand||238,140|77,961|316,101|14,962|
|||264,798|77,961|342,759|92,402|
|CREDITORS||||||
|Amounts
falling due within one year|17|(102,618)||(102,618)|(85,136)|
|NET CURRENT ASSETS||162,180|77,961|240,141|7,266|
|TOTAL ASSETS LESSCURRENT LIABILITIES||165,177|105,043|270,220|21,588|
|NET ASSETS/(LIABILITIES)||165,177|105,043|270,220|21,588|
|FUNDS|18|||||
|Unrestricted
funds||||165,177|21,588|
|Restricted funds||||105,043||
|TOTAL FUNDS||||270,220|21,588|
##
##
|||||2020|2019|
|---|---|---|---|---|---|
||||Notes|E|E|
|Cash flows from operating|activities|||||
|Cash generated
from operations||||330,092|4,454|
|Net cash provided
by operating
activities||||330,092|4,454|
|Cash flows from investing|activities|||||
|Purchase oftangible
fixed|assets|||(28,996)|(1,079)|
|Interest received||||43||
|Net cash used in investing|activities|||(28,953)|(1,079)|
|Change
in cash and cash equivalents||in the||||
|reporting
period||||301,139|3,375|
|Cash and cash equivalents|at the beginning|||||
|ofthe reporting
period||||14,962|11,587|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||316,101|14,962|
##
##
##
##
|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES||
|---|---|---|---|---|---|
|||||2020|2019|
|||||f|f|
|Net income for the reporting|||period (as per the Statement ofFinancial|||
|Activities)||||248,632|51,194|
|Adjustments
for:||||||
|Depreciation
charges||||13,239|16,581|
|Interest received||||(43)||
|Decrease/(increase)|in debtors|||50,782|(8,959)|
|Increase/(decrease)|in creditors|||17,482|(54,362)|
|Net cash provided|by operations|||330,092|4,454|
|ANALYSIS OF CHANGES||IN NET FUNDS||||
||||At 1.12.19|Cash flow|At 30.11.20|
||||f|f|f|
|Net cash||||||
|Cash at bank and in hand|||14,962|301,139|316,101|
||||14,962|301,139|316,101|
|Total|||14,962|301,139|316,101|
##
##
##
##
##
##
##
##
##
##
##
##
|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES||||
|---|---|---|---|---|
||||2020|2019|
||||f|f|
|Donations|and legacies||361,801|279,505|
|Gift Aid|||22,995|35,236|
||||384,796|314,741|
|ACTIVITIES|FOR GENERATING|FUNDS|||
||||2020|2019|
||||f|f|
|Fundraising|activities|||51,730|
|Royalties and commission|||825|1,329|
||||825|53,059|
|INVESTMENT INCOME|||||
||||2020|2019|
||||f|f|
|Deposit account interest|||43||
##
##
##
##
##
##
##
##
##
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||f|f|
|Depreciation|—owned assets||13,239|16,581|
|Payment to|independent|examiner|1,620|1,520|
|Other accountancy
fees|||5,308|6,422|
##
##
##
##
##
|STAFF COST|S||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||f|f|
|Wages and salaries|||||19,999|22,000|
||||||19,999|22,000|
|The average|monthly|number|ofemployees|during the year was as follows:|||
||||||2020|2019|
|Management|and administration||||1|1|
##
##
##
##
##
##
|TANGIBLE FIXED|ASS|ETS||||
|---|---|---|---|---|---|
||||Improvements|||
||||to|||
||||property|Equipment|Totals|
||||E|E|E|
|COST||||||
|At 1st December|2019||81,551|1,079|82,630|
|Additions|||27,082|1,914|28,996|
|At 30th November|2020||108,633|2,993|111,626|
|DEPRECIATION||||||
|At 1st December 2019|||68,038|270|68,308|
|Charge for year|||12,490|749|13,239|
|At 30th November|2020||80,528|1,019|81,547|
|NET BOOK VALUE||||||
|At 30th November|2020||28,105|1,974|30,079|
|At 30th November|2019||13,513|809|14,322|
|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
|||||2020|2019|
|||||E|E|
|Trade debtors||||5,376|4,470|
|Other debtors||||7,329|11,900|
|Theatre Tax Relief|||||60,195|
|Prepayments
and|accrued income|||13,953|875|
|||||26,658|77,440|
##
##
|17.|CREDITORS:|AMOUNTS|AMOUNTS|AMOUNTS|FALLING|DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||||||E|E|
||Trade creditors|||||||3,899|2,983|
||Social security and other||||taxes|||230|239|
||Trustee loans|||||||3,424|3,424|
||Accruals and||deferred|income||||95,065|78,490|
|||||||||102,618|85,136|
|18.|MOVEMENT||IN FUNDS|||||||
|||||||||Net||
||||||||At|movement|At|
||||||||1.12.19|in funds|30.11.20|
||||||||E|E|f|
||Unrestricted|funds||||||||
||General fund||||||21,588|143,589|165,177|
||Restricted funds|||||||||
||New Theatre|||||||105,043|105,043|
||TOTAL FUNDS||||||21,588|248,632|270,220|
||Net movement||in funds,||included|in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
||||||||E|f|E|
||Unrestricted|funds||||||||
||General fund||||||286,526|(142,937)|143,589|
||Restricted funds|||||||||
||New Theatre||||||105,043||105,043|
||TOTAL FUNDS||||||391,569|(142,937)|248,632|
##
##
##
|||||Net||
|---|---|---|---|---|---|
||||At|movement|At|
||||1.12.18|in funds|30.11.19|
||||E|f|f|
|Unrestricted|funds|||||
|General fund|||(29,606)|51,194|21,588|
|TOTAL FUNDS|||(29,606)|51,194|21,588|
|Comparative|net movement|in funds, included|in the above are as follows:|||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||f|f|E|
|Unrestricted|funds|||||
|General fund|||626,846|(575,652)|51,194|
|TOTAL FUNDS|||626,846|(575,652)|51,194|
##
##
##
##
##
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||f|f|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations
and legacies|||361,801|279,505|
|Gift Aid|||22,995|35,236|
||||384,796|314,741|
|Activities for generating|funds||||
|Fundraising
activities||||51,730|
|Royalties and commission|||825|1,329|
||||825|53,059|
|Investment
income|||||
|Deposit account interest|||43||
|Charitable
activities|||||
|Tickets and other income||from opera|||
|performances||||198,851|
|Theatre Tax Relief||||60,195|
|||||259,046|
|Other income|||||
|Coronavirus
Job Retention||grants|5,905||
|Total incoming resources|||391,569|626,846|
|EXPENDITURE|||||
|Other trading activities|||||
|Fundraising
trading
and other costs|||2,125|28,105|
|Charitable
activities|||||
|Wages|||19,999|22,000|
|Direct expenses ofopera||performances|1,359|433,272|
|Rent and service charges|||36,000|36,000|
|insurance|||1,517|1,424|
|Telephone|||453|527|
|Postage and stationery|||747|994|
|Computer
costs||||90|
|Advertising,
printing
and||artwork|5,066|12,142|
|Carried forward|||65,141|506,449|
##
##
||||2020|2019|
|---|---|---|---|---|
||||f|f|
|Charitable
activities|||||
|Brought forward|||65,141|506,449|
|Sundry expenses|||56|28|
|Marketing
and public relations|||6,792|5,504|
|Ticketing commission|||. 6,763|3,709|
|Bank charges|||4,091|4,334|
|Depreciation
of improvements||to property|12,490|16,311|
|Depreciation
ofoffice|equipment||749|270|
|Grants to individuals|||34,602||
||||130,684|536,605|
|Support costs|||||
|Governance
costs|||||
|Accountancy
fees|||6,928|7,942|
|Legal and professional|fees||3,200|3,000|
||||10,128|10,942|
|Total resources expended|||142,937|575,652|
|Net income|||248,632|51,194|