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|Contents|||Page|
|---|---|---|---|
|Reference and Administrative||Details||
|Trustees'
Report||||
|Independent
Auditor's|Report||17|
|Statement ofFinancial|Activities - Group||21|
|Statement of Financial|Activities —Charity||22|
|Balance Sheet - Group|||23|
|Balance Sheet —Charity|||24|
|Statement ofCash Flows|||25|
|Notes to the Financial|Statements||26|
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||||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|Funds|Funds|
||||Notes|2022
6|2022
6|2022
6|2021
f|2021
f|2021
6|
|income||||||||||
|Donations
Charitable|and legacies
activities||3|37,733
2,410,884|9,868
253,364|47,601
2,664,248|29,581
703,781|1,598
498,547|31,179
1,202,428|
|Commercial||trading operations||254,492|-|254,492|20,748|-|20,748|
|investment||income||325||.325|35||35|
|Total income||||2,703,434|263,232|2,966,666|754,145|500,245|1,254,390|
|Expenditure||||||||||
|Commercial
Charitable|trading operations
activities
4|||236,944
2,060,498|490,373|236,944
2,550,871|18,879
663,805|511,521|18,879
1,175,326|
|Total expenditure||||2,297,442|490,373|2,787,815|682,684|511,521|1,194,205|
|Net income||||405,992|(227,141)|178,851|71,461|(11,276)|60,185|
|Total funds||at 1 August|2021|583,792|328,541|912,333|512,331|339,817|852,148|
|Total funds||at 31July|2022|989,784|101,400|1,091,184|583,792|328,541|912,333|
##
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2022|2022|2022|2021|2021|2021|
||Notes|6|6|6||6|5|
|Income||||||||
|Donations
and legacies
Charitable
activities
Investment
income|3|39,601
2,410,884
325|34,868
253,364|74,469
2,664,248
325|38,951
703,781
35|1,598
498,647
-|40,549
1,202,428
35|
|Total Income||2,450,810|288,232|2,'739,042|742,767|500,245|1,243,012|
|Expenditure||||||||
|Charitable
activities|4|2,060,498|515,373|2,575,871|663,805|511,521|1,175,326|
|Total expenditure||2,060,498|515,373|2,575,871|663,805|511,521|1,175,326|
|Net Income||390,312|(227,141)|163,171|78,962|(11,276)|67,686|
|Total funds at 1 August|2021|581,922|328,541|910,463|502,960|339,817|842,777|
|Total funds at 31July|2022|972,234|101,400|1,073,634|581,922|328,541|910,463|
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|31 July 2022|||||
|---|---|---|---|---|
|||Notes|20228|2021
8|
|Fixed assets|||||
|intangible
fixed assets||7|6,062|10,913|
|Tangible fixed assets||8|104,509|83,560|
||||110,571|94,473|
|Current assets|||||
|Stock||9|11,030|3,063|
|Debtors||12|539,387|361,586|
|Cash at bank and in|hand|13|9$0,153|1,059,017|
||||1,540,570|1,423,666|
|Creditors - amounts|falling||||
|due within one year||14|(55$,957)|(605,806)|
|Net current assets|||980,613|817,860|
|Net assets|||1,091,184|912,333|
|Funded by:
Unrestricted
funds|||989,784|583,792|
|Restricted funds||16|101,400|326,541|
|Total groupfunds||17|1,091,184|912,333|
##
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|31 July 2022|||||
|---|---|---|---|---|
|||Notes|2022
5|20215|
|Fixed assets|||||
|Intangible
fixed assets
Tangible fixed assets||7
8|6,062
90,769|10,913
83,560|
|Investment
in subsidiary||10|1|1|
||||96,832|94,474|
|Current assets|||||
|Debtors
Cash at bank and in|hand|12
13|676,581
806,764|369,391
1,045,558|
||||1,483,345|1,414,949|
|Creditors - Amounts|falling||||
|due within one year||14|(506,543)|(598,960)|
|Net current assets|||976,802|815,989|
|Net assets|||1,073,634|910,463|
|Funded by:|||||
|Unrestricted
funds|||972,234|581,922|
|Restricted funds||16|101,400|328,541|
|Total charity funds||17|1,073,634|910,463|
##
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|31 July 2022||||||
|---|---|---|---|---|---|
|||||20228|20218|
|Reconcgiatlon ofnet movement|In funds|to||||
|net cash flow from operating
activities:||||||
|Net movement
in funds||||178,851|60,185|
|Depreciation
and amortisation||||36,672|36,294|
|Interest income||||(325)|(35)|
|(Increase)/decrease
in stocks||||(7,987)|1,350|
|(Increase)/decrease
in debtors||||(177,801)|137,368|
|(Decrease)/increase
in creditors||||(45,849)|223,203|
|Net cash generated
from operating|activities|||(18,419)|458,365|
|Cash flows from Investing
activities||||||
|Interest income||||325|35|
|Acquisition
ofintangible
fixed assets|||||(4,470)|
|Acquisition
oftangible fixed assets||||(52,770)|(16,737)|
|Cash used in investing
activities||||(52,445)|(21,172)|
|(Decrease)/increase
in cash snd|cash equivalents||In the year|(88,884)|437,193|
|Cash and cash equivalents
at the|beginning|ofthe year||1,059,017|621,624|
|Cash and cash equivalents
at the end of||the year||990,153|1,059,017|
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|Grou|||||
|---|---|---|---|---|
|p|||Venue Hire 8||
|||Production|Wardrobe|Total|
|||6|6|5|
|Production|costs|1,137,941|54,149|1,1$2,090|
|Wages||823,429|46,587|870,016|
|Consultancy||16,754|861|17,615|
|Property costs||212,656|10,924|223,580|
|Depreciation||30,267|1,555|31,822|
|Sank charges||12,733|854|13,387|
|Marketing||133,477|6,857|140,334|
|Travel||1,229|63|1,2$2|
|Office costs||25,814|1,318|28,930|
|Staff welfare||4,185|215|4,400|
|Governance||15,506|797|16,303|
|Audit fees||8,465|435|8,900|
|Conference|and training|3,997|205|4,202|
|Total||2,426,253|124,618|2,550,871|
##
|Charity|||||
|---|---|---|---|---|
||||Venue Hire 8||
|||Production|Wardrobe|Total|
|||6|6|5|
|Production|costs|1,137,941|54,149|1,192,080|
|Wages||823,429|46,587|870,016|
|Consultancy||16,754|861|17,815|
|Property costs||237,65$|10,824|?48,580|
|Depreciation
Governance||30,287|1,555|31,822|
|Sank charges||12,733|654|13,387|
|Marketing||133,477|8,857|140,334|
|Travel||1,229|63|1,292|
|Office costs||25,$14|1,316|26,$30|
|Staff welfare||4,185|215|4,400|
|||15,506|797|18,303|
|Audit fees||8,465|435|8,800|
|Conference|and training|3,997|205|4,202|
|Total||2,451,253|124,618|2,575,871|
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|Intangible
fixed assets —group and charity|||
|---|---|---|
||Website|Webaits|
||Costs|Costs|
||2022|2021|
||5|5|
|Cost|||
|At 1 August 2021|14,550|10,080|
|Additions||4,470|
|At 31July 2022|14,550|14,550|
|Amortisation|||
|At 1 August 2021|(3,637)||
|Charge forthe period|(4,851)|(3,637)|
|At 31July 2022|(8,488)|(3,637)|
|Net BookValue|||
|At 31July 2022|6,062|10,013|
|At 31July 2021|10,913|10,080|
##
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|Ye|ar Ended 31 July 2022|||
|---|---|---|---|
|8|Tangible fixed assets|||
||Group|||
|||IT, Fixtures|IT, Fixtures|
|||8 Fittings|&Fittings|
|||2022|2021|
|||6||
||Cost|||
||At 1 August 2021|225,234|208,497|
||Additions|52,770|16,737|
||At 31July 2022|278,004|225,234|
||Depreciation|||
||At 1 August 2021|(141,674)|(109,017)|
||Charge for the period|(31,821)|(32,657)|
||At 31July 2022|(173,495)|(141,674)|
||Net BookValue|||
||At 31July 2022|104,509|83,560|
||At 31 July 2021|83,560|99,480|
||Charity|||
|||IT, Fixtures|IT, Fixtures|
|||8 Fittings|&Fittings|
|||2022|2021|
|||8|E|
||Cost|||
||At 1 August 2021|213,535|196,798|
||Additions|39,030|16,737|
||At 31July 2022|252,565|213,535|
||Depreciation|||
||At 1 August 2021|(129,975)|(97,318)|
||Charge for the period|(31,821)|(32,657)|
||At 31July 2022|(161,788)|(129,975)|
||Net BookValue|||
||At 31July 2022|90,769|83,560|
||At 31 July 2021|83,560|99,480|
|9|Stock - group|||
|||2022|2021|
|||6|8|
||Goods for resale|11,030|3,063|
##
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|Investments||—|charity|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022||2021|
||||||||||8||8|
|Shares in subsidiary||||||||||||
|Subsidiary|undertakings|||||||||||
|The charitable|||company||has a wholly|owned|subsidiary,|ENT Trading
Limited,
company|||number|
|08543930,a company||||which attends to||the sale offood and beverages|||in the theatre.|The registered||
|oNce ofthis|company|||is Exeter Northcott||Theatre, Stocker||Road, Exeter, EX44QB.||||
|The results of||ENT Trading|||Limited were|as follows:||||||
||||||||||Year ended|Yearended||
||||||||||31Jul 2022|31|Jul 2021|
||||||||||5||5|
|Turnover|||||||||254,492||20,748|
|Cost ofsales|||||||||(117,133)||(25,526)|
|Administrative||expenses|||||||(119,448)||6,645|
|Operating
Profit|||||||||17,911||1,867|
|Donations|||||||||(1,869)||(9,370)|
|Tax|||||||||(363)|||
|Profit (Loss)|for||the year||||||16,679||(7,503)|
||||||||||At||At|
||||||||||31Jul 2022|31Jul 2021||
||||||||||5||6|
|Assets|||||||||208,307||21,005|
|Liabilities|||||||||(190,758)||(19,137)|
|Shareholders'||funds|||||||17,549||1,868|
|Debtors: due||within one year||||||||||
|||||||Group
2022||Charity
2022|Group
2021||Charity
2021|
||||||||6|8|5||6|
|Trade debtors||||||92,884||92,199|24,531||24,531|
|Amount due|from group undertaking|||||||137,341|||12,288|
|Prepayments||||||55,901||55,901|51,084||46,924|
|Other taxes and|||social|security||39,362||39,362|6,493||6,493|
|VAT||||||30,387||30,357|4,876||4,553|
|Other debtors||||||320,853||321,421|274,602||274,602|
|||||||539,387||675,581|361,586||369,391|
##
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|Ye|ar Ended|31 July 2022|31 July 2022|||||
|---|---|---|---|---|---|---|---|
|13|Cash at|bank and In hand||||||
|||||Group|Charity|Group|Charity|
|||||2022|2022|2021|2021|
|||||||6|6|
||Cash at|bank and|in hand|990,153|806,764|1,059,017|1,045,558|
|14|Creditors: due within one year|||||||
|||||Group
2022|Charity
2022|Group
2021|Charity
2021|
||||||5|8||
||Trade creditors|||239,950|186,779|88,025|83,056|
||Deferred|income|(note 15)|3,365|3,385|2,425|2,425|
||Accruals|||28,512|28,512|21,087|21,087|
||Other taxes and social security|||20,820|20,820|12,530|12,530|
||Other creditors|||267,310|2$7,0$7|481,739|479,862|
|||||559,957|506,543|605,806|598,980|
|15|Deferred|income||||||
|||||Group|Charity|Group|Charity|
|||||2022|2022
5|2021f|2021|
||Balance|as at 1August 2021||2,425|2,425|3,836|3,836|
||Amount|released|to income from|||||
||charitable
activities
Amount
deferred
in year|||(2,425)
3,365|(2,425)
3,365|(3,836)
2,425|(3,836)
2,425|
||Balance|as at 31|July 2022|3,365|3,365|2,425|2,425|
##
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|Year ended 31July 2|022||||||
|---|---|---|---|---|---|---|
||||Balance at|||Balance at|
||||01/08/2021|Income Expenditure||31/07/2022|
||||6|8||6|
|Restricted Fund|||||||
|Exeter City Council|||43,333|65,000|65,000|43,333|
|Viscount Amory|||8,667||5,000|1,667|
|Heritage
Lottery Fund|||96,928||74,060|24,862|
|John Nettles Donation|||7,527||7,527||
|University ofExeter|||67,214||56,213|11,001|
|Esmde Fairbaim
Foundation|||37,737||37,737||
|Patron Donation|||3,824||2,892|932|
|Western Jerwood Bursary|||6,190||0,1$0||
|Exeter Foundation|||1,845||1,2$0||
|Idlewild Trust|||3,050||3,050||
|The Mackintosh
Foundation|||3,000||3,000||
|National
Lottery|||2,210||2,210||
|Claire Milne|||134|||134|
|Bruce Wake Charitable|Trust||2,000|||2,000|
|Northbrook
Community|Trust||21,180||21,180||
|ESFTech Futures grant|||12,002|(3,352)|8,650||
|Thrive with 5||||4,865|4,065||
|Awards for all||||9,505||0,505|
|Devon County Council||||2,560|2,560||
|Arts Council —CRF3||||122,722|122,722||
|Point ofsale restdcted|donations|||9,868|7,99$|1,860|
|ECC Kickstart|||9,700|43,014|52,714||
|Donation-
Finding
my|voice|||3,000|3,000||
|Patron Donation||||1,050|500|550|
|Veronica Awdry Charitable||Trust||5,000||5,000|
|Total restricted funds|||325,541|263,232|400,373|101,400|
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|Exeter City Council Core Grant|Exeter City Council Core Grant|Exeter City Council Core Grant|Towards|core costs||||||
|---|---|---|---|---|---|---|---|---|---|
|Exeter City Council|||Towards|Kickstart placements||||||
||||Towards|outreach
in low income|communities||||and Young|
|Viscount Amory|||Company|||||||
|HLF|||Towards|Hedtage Lottery Archive|project|||||
|John Nettles|||Towards|Exeter Northcott Futures||||||
|John Nettles - Gift Aid|||Towards|Exeter Northcott Futures||||||
|University ofExeter|||Towards|flying equipment||||||
|University ofExeter|||Towards
Project|funding
for interns for heritage|||Lottery||Archive|
|Esmee Fairbairn
Foundation|||Towards|a Development
&Enterprise||Manager||||
|Esmee Fairbairn|||Towards|Real Views Project||||||
|Patron Donation|||Towards|a new hearing
loop||||||
|Western Jerwood Bursary|||Towards|Fellowship||||||
|Exeter Foundation|||Towards|Digital Streaming
equipment||||||
|Idlewild Trust|||Towards|Exeter Northcott Futures||||||
|The Mackingtosh
Foundation|||Towards|Exeter Northcott Futures||||||
|National
Lottery|||Towards|BSLtraining
and tickets||||||
|Patron Donations|||Towards|NYC bursaries||||||
|The National
Lottery|||Towards|Creative Connections||||||
|Claire Milne|||Towards|evacuation
equipment||||||
|Architectural
Heritage|Fund||Towards|Barnfietd
viability study||||||
|Arts Council England|||Cultural|Recovery Fund 1||||||
|Bruce Wake Charkable|Trust||Towards|stairlift||||||
|Esmee Fairbaim
Funding||Plus|Towards|evaluation
support||||||
|Patron Donation|||Donation|for Antigone||||||
|Arts Council - CRF2|||Cultural|Recovery Fund 2||||||
|Northbrook
Community|Trust||Towards|Finding
My Voice (Dept|535)|||||
|UoE|||Towards|refurbishment
ofauditorium||seating||||
|Point ofsale restricted|donations||Towards|support for Artists and Young|||people|||
|Arts Council —CRF3|||Cultural|Recovery Fund 3||||||
|Veronica Awdry Charitable||Trust|Towards|new signage at the Barnfield||Theatre||||
|Patron Donation-
Mrs|Lant||Towards|access measures||||||
|Awards for All|||Towards|Creative Connections||||||
||||Towards|creative classes for parents||with||babies and||
|Thrive with 5|||young children
in Whipton
and Beacon||||Heath|||
||||Towards|community
engagement|and|Creative||||
|Devon County Council|||Connections|||||||
||||Donation|from each ofthree participating||||schools E2k St||
|Donation-
Finding
my Voice|||Luke's,K1kWhipton
Barton|||||||
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|Yearended 31July 20|21|||||
|---|---|---|---|---|---|
|||Balance at|||Balance at|
|||01/08/2020|Income|Expenditure|31/07/2021|
||||8|6|8|
|Restricted Fund||||||
|Exeter City Council||43,333|65,000|65,000|43,333|
|Viscount Amory||11,667||5,000|6,667|
|Hedtage
Lottery Fund||138,434||39,506|98,928|
|John Nettles Donation||12,943||5,416|7,527|
|University ofExeter||26,952|53,213|12,951|67,214|
|Esmee Fairbaim
Foundation||75,379|6,250|43,892|37,737|
|Patron Donation||6,716||2,892|3,824|
|Western Jerwood Bursary||14,040||5,850|8,190|
|Exeter Foundation||3,143||1,298|1,845|
|Gibbons Family Trust||910||910||
|Idlewild Trust||3,050|||3,050|
|The Mackintosh
Foundation||3,000|||3,000|
|National
Lottery||250|6,750|4,790|2,210|
|Claire Milne|||9,020|8,886|134|
|Bruce Wake Charitable|Trust||2,000||2,000|
|Northbrook
Community|Trust||22,770|1,590|21,180|
|ESFTech Futures grant|||13,468|1,466|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|||23,896|14,196|9,700|
|Arts council —CRF1|||183,399|183,399||
|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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|Fund balances at 31 July 2022 are represented|by:||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||Fundsf|Fundsf|Fundsf|
|Fixed assets||98,639|11,932|110,571|
|Current assets||1,451,102|89,468|1,540,570|
|Current
liabilities||(559,957)||(559,957)|
|Net assets||989,784|101,400|1,091,184|
|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|
|Charity|||||
|Fund balances at 31 July 2022 are represented|by:||||
|||Unrestricted|Restricted|Total|
|||Fundsf|Fundsf|Fundsf|
|Fixed assets||84,900|11,932|$6,832|
|Current assets||1,393,877|89,468|1,483,345|
|Current
liabilities||(506,543)||(506,543)|
|Net assets||972,234|101,400|1,073,634|
|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|$10,463|
##
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|At 31 July 2022, the Charity and Group had total f|uture
minimum
lease payments as fol|lows:|
|---|---|---|
||2022
8|2021f|
|In less than one year|35,234|32,488|
|Within two to Rive years|104,486|114,552|
|After more than five years|241,253|305,484|
||380,673|452,524|
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