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2021-11-30-accounts

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 tothe Financial Statements 13 to 21
Detailed Statement of Financial Activities 22 to 23

2021 2020
Unrestricted Restricted Total Total
fund fund funds funds
Notes f f f E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 189,525 189,525 384,796
Charitable
activities
Opera performances 260,067 260,067
Activities for generating funds 3 30,175 30,175 825
Investment
income		 4 7 7 43
Other income 14 2,775 2,775 5,905
Total 482,549 482,549 391,569
EXPENDITURE ON
Raising funds 8,684 8,684 2,125
Charitable
activities
Opera performances 570,978 570,978 130,684
Governance
costs		 10,452 10,452 10,128
Other 36,930 36,930
Total 590,114 36,930 627,044 142,937
NET INCOME/(EXPENDITURE) (107,565) (36,930) (144,495) 248,632
RECONCILIATION
OF FUNDS
Total funds brought forward 165,177 105,043 270,220 21,588
TOTAL FUNDS CARRIED FORWARD 57,612 68,113 125,725 270,220

2021 2020
Unrestricted Restricted Total Total
fund fund funds funds
Notes f f f f
FIXEDASSETS
Tangible assets 15 203 16,830 17,033 30,079
CURRENT ASSETS
Debtors 16 62,945 62,945 26,658
Cash at bank and in hand 44,281 63,283 107,564 316,101
107,226 63,283 170,509 342,759
CREDITORS
Amounts
falling due within one year		 17 (49,817) (12,000) (61,817) (102,618)
NET CURRENT ASSETS 57,409 51,283 108,692 240,141
TOTAL ASSETS LESS CURRENT LIABILITIES 57,612 68,113 125,725 270,220
NET ASSETS 57,612 68,113 125,725 270,220
FUNDS 18
Unrestricted
funds		 57,612 165,177
Restricted funds 68,113 105,043
TOTAL FUNDS 125,725 270,220

2021 2020
Notes E E
Cash flows from operating activities
Cash generated
from operations		 (182,889) 330,092
Net cash (used in)/provided by operating activities (182,889) 330,092
Cash flows from investing activities
Purchase oftangible fixed assets (25,655) (28,996)
Interest received 7 43
Net cash used
in investing		 activities (25,648) (28,953)
Change
in cash and cash equivalents		 in the
reporting
period		 (208,537) 301,139
Cash and cash equivalents at the beginning of
the reporting
period		 316,101 14,962
Cash and cash equivalents at the end ofthe
reporting
period		 107,564 316,101

RECONCILIATION
OF NET (EXPENDITURE)/INCOME		 RECONCILIATION
OF NET (EXPENDITURE)/INCOME		 RECONCILIATION
OF NET (EXPENDITURE)/INCOME		 TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
E f
Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities) (144,495) 248,632
Adjustments
for:
Depreciation
charges		 1,771 13,239
Loss on disposal offixed assets 36,930
Interest received (7) (43)
(Increase)/decrease
in debtors		 (36,287) 50,782
(Decrease)/increase
in creditors		 (40,801) 17,482
Net cash (used in)/provided by operations (182,889) 330,092
ANALYSIS OF CHANGES IN NET FUNDS
At 1.12.20 Cash flow At 30.11.21
E E E
Net cash
Cash at bank and in hand 316,101 (208,537) 107,564
316,101 (208,537) 107,564
Total 316,101 (208,537) 107,564

DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES
2021 2020
f f
Donations and legacies 169,827 361,801
Gift Aid 19,698 22,995
189,525 384,796
ACTIVITIES FOR GENERATING FUNDS
2021 2020
f f
Fundraising activities 29,800
Royalties and commission 375 825
30,175 825
INVESTMENT INCOME
2021 2020
f f
Deposit account interest 43

2021 2020
f f
Depreciation —owned assets 1,771 13,239
Deficit on disposal offixed assets 36,930
Payment to independent examiner 1,720 1,620
Other accountancy fees 4,976 5,308

2021 2020
f f
Wages and salaries 21,000 19,999
21,000 19,999
The average monthly number of employees during the year was as follows:
2021 2020
Management and administration 1 1

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
E E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 279,796 105,000 384,796
Activities for generating funds 825 825
Investment
income		 43 43
Other income 5,905 5,905
Total 286,526 105,043 391,569
EXPENDITURE ON
Raising funds 2,125 2,125
Charitable
activities
Opera performances 130,684 130,684
Governance
costs		 10,128 10,128
Total 142,937 142,937
NET INCOME 143,589 105,043 248,632
RECONCILIATION
OF FUNDS
Total funds brought forward 21,588 21,588
TOTAL FUNDS CARRIED FORWARD 165,177 105,043 270,220
OTHER INCOME

15. TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS
Improvements
to
property Equipment Totals
E E E
COST
At 1st December 2020 108,633 2,993 111,626
Additions 25,655 25,655
Disposals (36,930) (36,930)
At 30th November 2021 97,358 2,993 100,351
DEPRECIATION
At 1st December 2020 80,528 1,019 81,547
Charge for year 1,022 749 1,771
At 30th November 2021 81,550 1,768 83,318
NET BOOK VALUE
At 30th November 2021 15,808 1,225 17,033
At 30th November 2020 28,105 1,974 30,079
16. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
f E
Trade debtors 1,188 5,376
Other debtors 1,023 7,329
Theatre Tax Relief 59,925
Prepayments
and		 accrued income 809 13,953
62,945 26,658

17. CREDITORS: AMOUNTS AMOUNTS AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
E E
Trade creditors 12,386 3,899
Social security and other taxes 564 230
Trustee loans 3,424
Accruals and deferred income 48,867 95,065
61,817 102,618
18. MOVEMENT IN FUNDS
Net
At movement At
1.12.20 in funds 30.11.21
E E f
Unrestricted funds
General fund 165,177 (107,565) 57,612
Restricted funds
New Theatre 105,043 (36,930) 68,113
TOTAL FUNDS 270,220 (144,495) 125,725
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
E E E
Unrestricted funds
General
fund		 482,549 (590,114) (107,565)
Restricted funds
New Theatre (36,930) (36,930)
TOTAL FUNDS 482,549 (627,044) (144,495)

Net
At movement At
1.12.19 in funds 30.11.20
f f 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
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
f f f
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

2021 2020
f f
INCOME AND ENDOWMENTS
Donations
and legacies
Donations
and legacies		 169,827 361,801
Gift Aid 19,698 22,995
189,525 384,796
Activities for generating funds
Fundraising
activities		 29,800
Royalties and commission 375 825
30,175 825
Investment
income
Deposit account interest 43
Charitable
activities
Tickets and other income from opera performances 200,142
Theatre Tax Relief 59,925
260,067
Other income
Coronavirus
Job Retention		 grants 2,775 5,905
Total incoming resources 482,549 391,569
EXPENDITURE
Other trading activities
Fundraising
trading
and other costs		 8,684 2,125
Charitable
activities
Wages 21,000 19,999
Direct expenses ofopera performances 484,455 1,359
Rent and service charges 36,000 36,000
Insurance 1,491 1,517
Telephone 641 453
Postage and stationery 822 747
Advertising,
printing
and		 artwork 12,703 5,066
Carried forward 557,112 65,141

2021 2020
E f
Charitable
activities
Brought forward 557,112 65,141
Sundry expenses 56
Marketing
and public relations		 463 6,792
Ticketing commission 6,319 6,763
Bank charges 5,313 4,091
Depreciation
of improvements		 to property 1,022 12,490
Depreciation
ofoffice equipment		 749 749
Grants to individuals 34,602
570,978 130,684
Other
Loss on sale oftangible fixed assets 36,930
Support costs
Governance
costs
Accountancy
fees		 6,696 6,928
Legal and professional fees 3,756 3,200
10,452 10,128
Total resources expended 627,044 142,937
Net (expenditure)/income (144,495) 248,632