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|Contents||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details|||
|Trustees'
Report|||||
|Independent
Auditor's|Report|||17|
|Statement of Financial|Activities||—Group|21|
|Statement
of Financial|Activities||—Charity|22|
|Balance Sheet - Group||||23|
|Balance Sheet —Charity||||24|
|Statement of Cash Flows|||||
|Notes to the Financial|Statements|||26|
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|Chair||BQ Monks|(appointed|14June 2021)|
|---|---|---|---|---|
|||R Chapman|(appointed|14June 2021)|
|||S L R Studholme|(resigned|14June 2021)|
|University|of Exeter|M Shore-Nye|||
|nominees:||J Gill|||
|||JT Leyland|(appointed|14June 2021)|
|||A L Smith
0 Harvey|(appointed
(resigned|14June 2021)
14June 2021)|
|||R.McCay-Hines|(resigned|14June 2021)|
|Trustees:||David Balcombe|||
|||Craig Bowden|||
|||James Anthony-Edwards|||
|||Janet Farr|||
|||Catherine
Goodridge|||
|||Helen Hartstein|||
|||Chris Hoar|||
|||Mandy
Ivory-Castile|||
|||S Elghady|(appointed|14June 2021)|
|||SGola|(appointed|14June 2021)|
|||I H McWalter|(retired 31|March 2021)|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|Funds|Funds|
||||2021|2021|2021|2020|2020|2020|
|||Notes||K||||E|
|Income|||||||||
|Donations
and legacies
Charitable
activities
3
Commercial
trading
operations
Investment
income|||29,581
703,781
20,748
35|1,598
498,647|31,179
1,202,428
20,748
35|63,983
1,599,400
275,488
381|9,410
292,748|73,393
1,892,148
275,488
381|
|Total income|||754,145|500,245|1,254,390|1,939,252|302,158|2,241,410|
|Expenditure|||||||||
|Commercial
trading
Charitable
activities|operations
4||18,8'79
663,805|511,521|18,879
1,175,326|266,118
1,598,560|152,664|266,118
1,751,224|
|Total expenditure|||682,684|511,521|1,194,205|1,864,678|152,664|2,017,342|
|Net income|||71,461|(11,276)|60,185|74,574|149,494|224,068|
|Total funds at 1 August||2020|512,331|339,817|852,148|437,757|190,323|628,080|
|Total funds at 31 July||2021|583,792|328,541|912,333|512,331|339,817|852,148|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
||Notes|2021|2021|2021|2020|2020
f|2020|
|Income||||||||
|Donations
and legacies
Charitable
activities
Investment
income|3|38,951
703,781
35|1,598
498,647
-|40,549
1,202,428
35|128,285
1,599,400
381|9,410
292,748
—|137,695
1,892,148
381|
|Total income||742,767|500,245|1„243,012|1,728,066|302,158|2,030,224|
|Expenditure||||||||
|Charitable
activities|4|663,805|511,521|1„175,326|1,598,560|152,664|1,751,224|
|Total expenditure||663,805|511,521|1,175,326|1,598,560|152,664|1,751,224|
|Net income||78,962|(11,276)|67,686|129,506|149,494|279,000|
|Total funds at 1 August|2020|502,960|339,817|842,777|373,454|190,323|563,777|
|Total funds at 31 July|2021|581,922|328,541|910,463|502,960|339,817|842,777|
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|31 July 2021||||||
|---|---|---|---|---|---|
||||Notes|2021|2020|
||||||E|
|Fixed assets||||||
|Intangible
fixed assets
Tangible
fixed assets||||10,913
83,560|10,080
99,480|
|||||94,473|109,560|
|Current assets||||||
|Stock
Debtors
Cash at bank and|in|hand|9
12
13|3,063
361,586
1,059,017|4,413
498,954
621,824|
|||||1,423,666|1,125,191|
|Creditors
-amounts||falling||||
|due within one year|||14|(605,806)|(382,603)|
|Net current assets||||817,860|742,588|
|Net assets||||912,333|852,148|
|Funded by:||||||
|Unrestricted
funds
Restricted funds|||16|583,792
328,541|512,331
339,817|
|Total group funds|||17|912,333|852,148|
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|31 July 2021|||||
|---|---|---|---|---|
|||Notes|2021|2020f|
|Fixed assets|||||
|Intangible
fixed assets
Tangible
fixed assets
Investment
in subsidiary||7
8
10|10,913
83,560
1|10,080
99,480
1|
||||94,474|109,561|
|Current assets|||||
|Debtors
Cash at bank and
in|hand|12
13|369,391
1,045,558|603,806
505,252|
||||1,414,949|1,109,058|
|Creditors - Amounts|falling||||
|due within one year||14|(598,960)|(375,842)|
|Net current assets|||815,989|733,216|
|Net assets|||910,463|842,777|
|Funded
by:|||||
|Unrestricted
funds
Restricted funds||16|581,922
328,541|502,960
339,817|
|Total charity funds||17|910,463|842,777|
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|31 July 2021||||||||
|---|---|---|---|---|---|---|---|
|||||||2021f|2020
f.|
|Reconciliation
ofnet|movement||in funds||to|||
|net cash flow from operating
activities:||||||||
|Net movement
in funds||||||60,185|224,068|
|Depreciation||||||36,294|31,223|
|Interest income||||||(35)|(381)|
|Decrease
in stocks||||||1,350|1,705|
|Decrease
in debtors||||||137,368|3,381|
|Increase (decrease)
in|creditors|||||223,203|(159,616)|
|Net cash generated
from operating|||activities|||458,365|100,380|
|Cash flows from investing||activities||||||
|Interest income||||||35|381|
|Acquisition
ofintangible|fixed assets|||||(4,470)|(10,080)|
|Acquisition
oftangible|fixed|assets||||(16,737)|(16,297)|
|Cash used
in investing|activities|||||(21,172)|(25,996)|
|Increase
in cash and|cash|equivalents||in|the year|437,193|74,384|
|Cash and cash equivalents||at the beginning|||ofthe year|621,824|547,440|
|Cash and cash equivalents||at the end of|||the year|1,059,017|621,824|
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|Income from charitable
F498,647of restricted|activities represents
2703,781 of
income (2020:6292,748).|activities represents
2703,781 of
income (2020:6292,748).|unrestricted
incom|e (2020:E|1,599,400) and|
|---|---|---|---|---|---|
|Included
within
grant
government
and other|income
from
charitable
activities
public authorities.||are the
following|amounts|received
from|
|||Group
2021|Charity
2021|Group
2020|Charity
2020|
|||||K||
|Arts Council
Arts Council-Cultural|Recovery Fund|125„000
277,380|125,000
277,380|125,000
0|125,000
0|
|Exeter City Council
Coronavirus
Job Retention Scheme||65,000
189,441|65,000
189,441|90,000
172,801|90,000
172,801|
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|Group and|charity||||
|---|---|---|---|---|
||||Venue Hire L||
|||Production|Wardrobe|Total|
|Production|costs|238,205|10,260|248,465|
|Wages||666„727|28,718|695,445|
|Consultancy||11,264|485|11,749|
|Property costs||66,664|2,871|69,535|
|Depreciation||31,308|1,349|32,657|
|Bank charges||4,138|178|4,316|
|Marketing||45,111|1,943|47,054|
|Travel||63|3|66|
|Office costs
Staff welfare
Governance
Audit fees
Conference
and training||24,388
1,250
24,990
8,293
4,391|1,050
54
1,076
357
190|25,438
1,304
26,066
8,650
4,581|
|Total||1,126,792|48,534|1,175,326|
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||||||
|---|---|---|---|---|
|Group and charity|||Venue Hire L||
|||Production|Wardrobe|Total|
|Costs
Venue and equipment
Boxoffice income
Direct grant support|hire income|1,126,792
(176,586)
(1,004,485)|48,534
(7,606)
(43,266)|1,175,326
(7„606)
(176,586)
(1,047,751)|
|Net cost funded
from|other income|(54,279)|(2,338)|(56,617)|
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||2021|2020|
|---|---|---|
|Wages and salaries
Social security costs
Pension costs|688,765
44,856
11373|803,078
56,300
16,042|
||744,994|875,420|
|The average|number ofemploye|es
(headco|unt)
during|the year was:|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||Number|Number|
|Sales|||||7|25|
|Productions|||||11|24|
|Administration|||||4|5|
|Development|and education||||3|3|
|Actors||||||2|
||||||25|59|
|The average|number offull-time|equivalent|employees|during the year was:|||
|Sales||||||10|
|Productions||||||14|
|Administration||||||4|
|Development|and education|||||1|
|Actors||||||4|
||||||15|33|
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|Ye|ar Ended 31 July 2021|||
|---|---|---|---|
|7|Intangible
fixed assets —group and charity|||
|||Website|Website|
|||Costs|Costs|
|||2021|2020|
||||E|
||Cost|||
||At 1 August 2020|10,080||
||Additions|4,470|10,080|
||At 31July 2021|14,550|10,080|
||Amortisation|||
||At 1 August 2020|||
||Charge for the period|(3,637)||
||At 31July|(3,637)||
||Net BookValue|||
||At 31July 2021|10,913|10,080|
||At 31 July 2020|10,080||
|8|Tangible fixed assets|||
||Group|||
|||IT, Fixtures|IT, Fixtures|
|||LFittings|& Fittings|
|||2021|2020|
||Cost|||
||At 1 August 2020|208,497|192,200|
||Additions|16,737|16,297|
||At 31July|225,234|208,497|
||Depreciation|||
||At 1 August 2020
Charge for the period|(109,017)
(32,657)|(77,794)
(31,223)|
||At 31July|(141,674)|(109,017)|
||Net Book Value|||
||At 31July 2021|83,560|99,480|
||At 31 July 2020|99,480|114,406|
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|Ye|ar Ended 31 July 20|21|||
|---|---|---|---|---|
|8|Tangible fixed assets|(continued)|||
||Charity||||
||||IT, Fixtures|IT, Fixtures|
||||LFittings|& Fittings|
||||2021|2020|
||Cost||||
||At 1 August 2020||196,798|180,501|
||Additions||16,737|16,297|
||At 31July 2021||213,535|196,798|
||Depreciation||||
||At 1 August 2020||(97,318)|(66,095)|
||Charge for the period||(32,657)|(31,223)|
||At 31July 2021||(129,975)|(97,318)|
||Net Book Value||||
||At 31July 2021||83,560|99,480|
||At 31 July 2020||99,480|114,406|
|9|Stock - group||||
||||2021|2020|
||Goods for resale||3,063|4,413|
|10|Investments
—charity||||
||||2021|2020|
||Shares
in subsidiary||||
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|The results o|f ENT Trading
Limited wer|e as follows:||||
|---|---|---|---|---|---|
|||||Year ended|Year ended|
|||||31Jul 2021|31Jul 2020|
|Turnover||||20,748|275,488|
|Cost ofsales||||(25,526)|(216,647)|
|Administrative|expenses|||6,645|(49,471)|
|Operating
Profit||||1,867|9,370|
|Donations||||(9,370)|(64,302)|
|(Loss)for the|year|||(7,503)|(54,932)|
|||||At|At|
|||||31Jul 2021|31Jul 2020|
|Assets||||21,005|125,330|
|Liabilities||||(19,137)|(115,960)|
|Shareholders'|funds|||1,868|9,370|
|Debtors: due|within one year|||||
|||Group
2021|Charity
2021|Group
2020|Charity
2020|
||||f.|||
|Trade debtors
Amount
due from group undertaking
Prepayments
Other taxes and social security
VAT
Other debtors||24,531
51,084
6,493
4,876
274,602|24,531
12,288
46,924
6,493
4,553
274,602|7,506
49,666
33,250
12,237
396,295|7,321
109,217
45,506
33,250
12,217
396,295|
|||361,586|369„391|498,954|603,806|
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|Ye|ar Ended|31 July 2021|31 July 2021|||||
|---|---|---|---|---|---|---|---|
|13|Cash at|bank and in hand||||||
|||||Group|Charity|Group|Charity|
|||||2021|2021|2020|2020|
||Cash at|bank and|in hand|1,059,017|1,045,558|621,824|505,252|
|14|Creditors: due within one year|||||||
|||||Group
2021|Charity
2021|Group
2020|Charity
2020|
||Trade creditors|||88,025|83,056|96,660|92,107|
||Deferred|income|(note 15)|2,425|2,425|3,836|3,836|
||Accruals|||21,087|21,087|51,756|50,656|
||Other taxes and social security|||12,530|12,530|11,993|11,993|
||Other creditors|||481,739|479,862|218,358|217,250|
|||||605,806|598,960|382,603|375,842|
|15|Deferred|income||||||
|||||Group|Charity|Group|Charity|
|||||2021|2021|2020|2020|
|||||||K||
||Balance as at 1 August 2020
Amount released to income from
charitable
activities|||3,836
(3,836)|3,836
(3,836)|46,978
(46,978)|43,728
(43,728)|
||Amount|deferred|in year|2,425|2,425|3,836|3,836|
||Balance|as at 31|July 2021|2,425|2,425|3,836|3,836|
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|Year ended 31July 2|0|21|||||
|---|---|---|---|---|---|---|
||||Balance at|||Balance at|
||||01/08/2020|Income Expenditure||31/07/2021|
|Restricted
Fund|||||||
|Exeter City Council|||43,333|65,000|65,000|43,333|
|Viscount Amory|||11,667||5,000|6,667|
|Heritage
Lottery Fund|||138,434||39,506|98,928|
|John Nettles Donation
University
ofExeter
Esmee Fairbairn
Foundation|||12,943
26„952
75,379|53,213
6,250|5,416
12,951
43,892|7,527
67,214
37,737|
|Patron Donation
Western Jerwood Bursary
Exeter Foundation
Gibbons Family Trust|||6,716
14,040
3,143
910||2,892
5,850
1,298
910|3,824
8,190
1,845|
|ldlewild
Trust
The Mackintosh
Foundation|||3,050
3,000|||3,050
3,000|
|National
Lottery
Claire Milne
Bruce Wake Charitable
Northbrook
Community
ESFTech Futures grant||Trust
Trust|250|6,750
9,020
2,000
22,770
13,468|4,790
8,886
1,590
1,466|2,210
134
2,000
21,180
12,002|
|Patron Donation
for NYC bursaries||||200|200||
|LiveWest||||1,000|1,000||
|Architectural
Heritage|Fund|||15„000|15,000||
|Arts Council —CRF2||||91,681|91,681||
|Point ofsale restricted|donations|||598|598||
|ECC Kickstart
Arts council —CRF1||||23,896
183,399|14,196
183,399|9,700|
|Exeter College||||5,000|5,000||
|Patron Donation||||1,000|1,000||
|Total restricted
funds|||339,817|500,245|511,521|328,541|
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||||Balance at|||Balance at|
|---|---|---|---|---|---|---|
||||01/08/2020|Income|Expenditure|31/07/2021|
||||E||||
|Restricted
Fund|||||||
|Arts Council England,||NPO Grant|676||676||
|Exeter City Council Core Grant|||43,333|75,000|75,000|43,333|
|University
ofExeter|||29,000|4,438|6,486|26,952|
|Esmee Fairbairn|Foundation||105,561|5,180|35,362|75,379|
|Patron
Donation|||9,608||2,892|6,716|
|Making the Connection|||300||300||
|Pay It FonNard campaign|||1,845|5,152|6,997||
|Viscount Amory||||15,000|3333|11,667|
|HLF||||143,500|5,066|138,434|
|John Nettles||||20,000|7,057|12,943|
|Western Jerwood|Bursary|||14,040||14,040|
|Michelmores||||258|258||
|Exeter Foundation||||3,900|757|3„143|
|Gibbons
Family Trust||||910||910|
|Noel Coward
Foundation||||7,730|7,730||
|Idlewild Trust||||3,050||3,050|
|The Mackingtosh|Foundation|||3,000||3,000|
|National
Lottery||||1,000|750|250|
|Total restricted
funds|||190,323|302,158|152,664|339,817|
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|Fund balances at 31 July 2021 are represented|by:||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||Fundsf|Fundsf|Fundsf|
|Fixed assets||73,649|20,824|94,473|
|Current assets||1,115,949|307,717|1,423,666|
|Current
liabilities||(605,806)||(605,806)|
|Net assets||583,792|328,541|912,333|
|Fund balances at 31 July 2020 are represented|by:||||
|||Unrestricted|Restricted|Total|
|||Fundsf|Fundsf|Funds|
|Fixed assets||79,844|29,716|109,560|
|Current assets||815,090|310,101|1,125,191|
|Current
liabilities||(382,603)||(382,603)|
|Net assets||512,331|339,817|852,148|
##
|Charity|||||
|---|---|---|---|---|
|Fund balances at 31 July 2021 are represented|by:||||
|||Unrestricted|Restricted|Total|
|||Fundsf|Fundsf|Fundsf|
|Fixed assets||73,650|20,824|94,474|
|Current assets||1,107,232|307,717|1,414,949|
|Current
liabilities||(598,960)||(598,960)|
|Net assets||581,922|328,541|910,463|
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