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2022-09-30-accounts
| Reference and administrative information |
Reference and administrative information |
| Trustees |
|
| S Hall (Chair) |
|
| J Ruffer |
|
| L Greig |
|
| K Eld |
|
| N White |
|
| L Fairclough |
(Appointed 25" April 2022) |
| D Barrie |
(Appointed 25" April 2022) |
| Key management personnel |
|
| Al Daulon |
Chief Executive Officer |
|
Executive Producer Kynren and 11Arches Park |
|
Artistic Director |
| A Warnecke |
Directorof Cavalry and Estates |
|
Deputy Executive Producer 11Arches Park |
| G Emerson |
DirectorofTechnical Projects |
| L Robinson |
Head of Cavalry |
| C Boissinot |
Production Advisor |
| K Halfpenny |
Finance Controller |
| Registered office and Principal place of business |
|
| Flatts Farm |
|
| Toronto |
|
| Bishop Auckland |
|
| County Durham |
|
| DL14 7SF |
|
| Charity number |
|
| 1159011 |
|
| Company number |
|
| 09055646 (England & Wales) |
|
| Auditor |
|
|
|
Unrestricted |
Restricted |
Total
Funds |
Total
Funds |
|
Notes |
Funds |
Funds |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and Legacies |
2 |
10,006,000 |
|
10,006,000 |
1,028,937 |
| Tradingactivities |
3 |
1,021,002 |
|
1,021,002 |
1,043,731 |
| Investments |
4 |
3,260 |
|
3,260 |
78 |
| Other |
5 |
227,566 |
|
227,566 |
289,871 |
| Total income |
|
11,257,828 |
|
11,257,828 |
2,362,617 |
| Expenditure on: |
|
|
|
|
|
| Charitableactivities |
6 |
4,058,005 |
|
4,058,005 |
4,108,781 |
| Raisingfunds |
6 |
269,823 |
|
269,823 |
137,809 |
| Total expenditure beforetaxation |
|
4,327,828 |
|
4,327,828 |
4,246,590 |
| Taxation |
|
|
|
|
|
| Total expenditure after taxation |
|
4,327,828 |
|
4,327,828 |
4,246,590 |
| Net movement in funds |
17 |
6,930,000 |
|
6,930,000 |
(1,883,973) |
| Total funds brought forward |
|
22,497,153 |
|
22,497,153 |
24,381,126 |
| Total funds carried forward |
17 |
29,427,153 |
|
29,427,153 |
22,497,153 |
|
|
Group |
|
Charity |
Charity |
|
|
2022 |
2021 |
2022 |
2021 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Intangibleassets |
9 |
727,684 |
920,751 |
727,684 |
920,751 |
| Tangible assets |
10 |
19,207,801 |
19,850,877 |
19,207,801 |
19,850,877 |
| Fixed asset investments |
11 |
|
|
10 |
10 |
|
|
19,935,485 |
20,771,628 |
19,935,495 |
20,771,638 |
| Current assets |
|
|
|
|
|
| Stocks |
12 |
52,860 |
58,015 |
|
|
| Debtors |
13 |
281,450 |
255,166 |
906,761 |
1,603,401 |
| Cash at bank and in hand |
|
9,652,337 |
1,876,816 |
8,824,342 |
392,647 |
|
|
9,986,647 |
2,189,997 |
9,731,103 |
1,996,048 |
| Creditors: Amounts |
|
|
|
|
|
| falling within one year |
14 |
(494,622) |
(464,115} |
(275,915) |
(315,988) |
| Net current assets/ (liabilities) |
|
9,492,025 |
1,725,882 |
9,455,188 |
1,680,060 |
| Total assets less current |
|
29,427,510 |
22,497,510 |
29,390,683 |
22,451,698 |
| liabilities |
|
|
|
|
|
| Provisions for liabilities |
16 |
(357) |
(357) |
|
|
| Net assets |
|
29,427,153 |
22,497,153 |
29,390,683 |
22,451,698 |
| The funds of the charity |
|
|
|
|
|
| Unrestricted funds: |
|
|
|
|
|
| Generalfunds |
17 |
28,304,260 |
21,374,260 |
28,267,790 |
21,328,805 |
| Designatedfunds |
17 |
1,122,893 |
1,122,893 |
1,122,893 |
1,122,893 |
| Total charity funds |
|
29,427,153 |
22,497,153 |
29,390,683 |
22,451,698 |
|
Note |
2022 |
2021 |
|
|
£ |
£ |
| Cash flows from operating activities |
18 |
8,554,685 |
534,198 |
| Cash flows from investing activities |
|
|
|
| Purchase ofproperty, plant and equipment |
|
(782,424) |
(680,500) |
| Proceedsfrom the sale of property, plant and equipment |
|
|
|
| Interest received |
|
3,260 |
78 |
| Net cash used in investing activities |
|
(779,164) |
(680,422) |
| Net cash (used in)/provided by financing activities |
|
|
|
| lncrease/(decrease) in cash and cash equivalents |
|
7,775,521 |
(146,224) |
| Cash and cash equivalentsatthe beginning ofthe year |
|
1,876,816 |
2,023,040 |
| Cash and cash equivalents at the end of the year |
|
9,652,337 |
1,876,816 |
| Relating to: |
|
|
|
| Cash at bankand in hand |
|
9,652,337 |
1,876,816 |
| Total cash and cash equivalents |
|
9,652,337 |
1,876,816 |
|
Unrestricted |
Restricted |
2022 |
2021 |
|
Funds |
Funds |
Total |
Total |
|
£ |
£ |
£ |
£ |
| Donations |
10,006,000 |
|
10,006,000 |
1,028,937 |
| Total 2021 |
1,028,937 |
|
1,028,937 |
|
| 3 |
Income from trading activities |
|
|
|
|
|
|
Unrestricted |
Restricted |
2022 |
2021 |
|
|
Funds |
Funds |
Total |
Total |
|
|
£ |
£ |
£ |
£ |
|
Ticket sales |
838,393 |
|
838,393 |
911,048 |
|
Retail income |
170,722 |
|
170,722 |
103,495 |
|
Catering income |
11,887 |
|
11,887 |
29,188 |
|
|
1,021,002 |
|
1,021,002 |
1,043,731 |
|
Total 2021 |
1,043,731 |
|
1,043,731 |
|
| 4 |
Investment income |
|
|
|
|
|
|
Unrestricted |
Restricted |
2022 |
2021 |
|
|
Funds |
Funds |
Total |
Total |
|
|
£ |
£ |
£ |
£ |
|
Bank interest |
3,260 |
|
3,260 |
78 |
|
|
3,260 |
|
3,260 |
78 |
|
Total 2021 |
78 |
|
78 |
|
| 5 |
Other income |
|
|
|
|
|
|
Unrestricted |
Restricted |
2022 |
2021 |
|
|
Funds |
Funds |
Total |
Total |
|
|
£ |
£ |
£ |
£ |
|
Other |
227,566 |
|
227,566 |
289,871 |
|
Total 2021 |
289,871 |
|
289,871 |
|
|
|
Unrestricted |
funds |
funds |
|
|
|
|
Direct |
Staff |
|
Support |
Restricted |
2022 |
2021 |
|
costs |
costs |
|
costs |
funds |
Total |
Total |
|
£ |
£ |
|
£ |
£ |
£ |
£ |
| Charitable activities: |
|
|
|
|
|
|
|
| Projectcosts |
1,234,920 |
|
|
|
|
1,234,920 |
1,224,073 |
| Premises costs |
|
|
|
24,512 |
|
24,512 |
31,686 |
| Lightand heat |
|
|
|
104,643 |
|
104,643 |
64,971 |
| Staffcosts(note 8) |
|
414,097 |
|
|
|
414,097 |
531,382 |
| Office costs |
|
|
|
36,353 |
|
36,353 |
58,939 |
| Equipment |
|
|
|
210,430 |
|
210,430 |
64,483 |
| Marketing and advertising |
|
|
|
148,700 |
|
148,700 |
92,986 |
| Travel costs |
|
|
|
37,175 |
|
37,175 |
20,194 |
| Legal and professionalfees |
|
|
|
26,723 |
|
26,723 |
42,457 |
| Consultancyand subcontractor |
|
|
|
121,704 |
|
121,704 |
107,039 |
| Othercosts |
|
|
|
33,453 |
|
33,453 |
16,655 |
| Staffdevelopment |
|
|
|
34,729 |
|
34,729 |
22,204 |
| Governance |
|
|
|
12,000 |
|
12,000 |
2,750 |
| Depreciation |
|
|
1,425,499 |
|
|
1,425,499 |
1,598,686 |
| Amortisation |
|
|
|
193,067 |
|
193,067 |
230,276 |
|
1,234,920 |
414,097 |
2,408,988 |
|
|
4,058,005 |
4,108,781 |
| Total 2021 |
1,331,112 |
531,382 |
2,246,287 |
|
|
4,108,781 |
|
| Raising funds |
|
|
|
|
|
|
|
|
|
Unrestricted |
|
Unrestricted |
|
|
|
|
|
General |
|
Designated |
|
2022 |
2021 |
|
|
Funds |
|
|
Funds |
Total |
Total |
|
|
|
£ |
|
£ |
£ |
£ |
| 11Arches Night Show Limited |
|
|
269,823 |
|
|
269,823 |
137,809 |
| Total 2021 |
|
|
137,809 |
|
|
137,809 |
|
|
|
2022 |
2021 |
|
|
£ |
£ |
| Net incoming resources is stated aftercharging/(crediting): |
|
|
|
| Auditor's remuneration: |
- audit |
19,500 |
17,000 |
|
-taxadvisory |
3,500 |
2,750 |
|
- accountancy |
5,400 |
4,500 |
| Operating leasecharges |
|
672 |
4,337 |
| Profiton saleoffixed assets |
|
|
|
| Exchangedifferences |
|
15,856 |
(54) |
|
2022 |
2021 |
|
£ |
£ |
| Staff costs: |
|
|
| Wagesand salaries |
297,094 |
279,945 |
| Social security costs |
57,854 |
179,335 |
| Other pension costs |
41,136 |
63,828 |
| Agency costs |
18,013 |
8,274 |
|
414,097 |
531,382 |
|
2022 |
2021 |
| Staff numbers: |
No. |
No. |
| Theaveragenumberof employeesduringthe yearwere: |
|
|
| Managementand administration |
5 |
8 |
| 9 |
Intangible fixed assets |
|
|
|
|
Group and charity |
|
|
|
|
|
|
Artistic |
|
|
|
Software |
Direction |
Total |
|
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 October2021 |
4,365 |
2,179,347 |
2,183,712 |
|
At 30 September2022 |
4,365 |
2,179,347 |
2,183,712 |
|
Depreciation |
|
|
|
|
At 1 October2021 |
4,365 |
1,258,596 |
1,262,961 |
|
Charge foryear |
|
193,067 |
193,067 |
|
At 30 September2022 |
4,365 |
1,451,663 |
1,456,028 |
|
Net book value |
|
|
|
|
At 30 September2022 |
|
727,684 |
727,684 |
|
At 30 September2021 |
|
920,751 |
920,751 |
|
Freehold |
Assets |
|
Fixtures |
|
|
|
|
Land and |
Under |
Plant and |
and |
Motor |
|
|
|
Buildings |
Construction |
Equipment |
Fittings |
Vehicles |
|
Total |
|
£ |
£ |
£ |
£ |
|
£ |
£ |
| Cost |
|
|
|
|
|
|
|
| At 1 October 2021 |
22,428,372 |
|
6,479,931 |
221,101 |
29,991 |
|
29,159,395 |
| Additions |
331,771 |
361,250 |
4,000 |
81,243 |
4,160 |
|
782,424 |
| At 30 September 2022 |
22,760,143 |
361,250 |
6,483,931 |
302,344 |
34,151 |
|
29,941,819 |
| Depreciation |
|
|
|
|
|
|
|
| At 1 October 2021 |
4,763,933 |
|
4,384,909 |
130,636 |
29,041 |
|
9,308,519 |
| Charge for year |
964,727 |
|
438,956 |
20,797 |
1,019 |
|
1,425,499 |
| At 30 September 2022 |
5,728,660 |
|
4,823,865 |
151,433 |
30,060 |
|
10,734,018 |
| Net book value |
|
|
|
|
|
|
|
| At 30 September 2022 |
17,031,483 |
361,250 |
1,660,066 |
150,911 |
4,091 |
|
19,207,801 |
| At 30 September 2021 |
17,664,439 |
|
2,095,022 |
90,465 |
950 |
|
19,850,877 |
|
Freehold |
Assets |
|
Fixtures |
Fixtures |
|
|
|
|
Land and |
Under |
Plant and |
and |
|
Motor |
|
|
|
Buildings |
Construction |
Equipment |
Fittings |
|
Vehicles |
|
Total |
|
£ |
£ |
£ |
|
£ |
|
£ |
£ |
| Cost |
|
|
|
|
|
|
|
|
| At 1 October 2021 |
22,428,372 |
|
6,479,931 |
218,809 |
|
29,991 |
|
29,157,103 |
| Additions |
331,771 |
361,250 |
4,000 |
81,243 |
|
4,160 |
|
782,424 |
| At 30 September 2022 |
22,760,143 |
361,250 |
6,483,931 |
300,052 |
|
34,151 |
|
29,939,527 |
| Depreciation |
|
|
|
|
|
|
|
|
| At 1 October 2021 |
4,763,933 |
|
4,384,909 |
128,344 |
|
29,041 |
|
9,306,227 |
| Charge for year |
964,727 |
|
438,956 |
20,797 |
|
1,019 |
|
1,425,499 |
| At 30 September 2022 |
5,728,660 |
|
4,823,865 |
149,141 |
|
30,060 |
|
10,731,726 |
| Net book value |
|
|
|
|
|
|
|
|
| At 30 September 2022 |
17,031,483 |
361,250 |
1,660,066 |
150,911 |
|
4,091 |
|
19,207,801 |
| At 30 September 2021 |
17,664,439 |
|
2,095,022 |
90,465 |
|
950 |
|
19,850,877 |
| Investments-shares in group undertakings: |
2022 |
2021 |
|
£ |
£ |
| At 1 October2021 and 30 September2022 |
10 |
10 |
|
|
|
|
2022 |
2021 |
|
Summary profit and loss account |
|
|
£ |
£ |
|
Turnover |
|
|
1,021,002 |
1,038,745 |
|
Expenses |
|
|
(987,228) |
(992,930} |
|
Interest received |
|
|
3,055 |
|
|
Net profit before tax |
|
|
36,829 |
45,815 |
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
|
The assets and liabilities of the subsidiary were: |
|
|
|
|
|
Fixed assets |
|
|
|
|
|
Current assets |
|
|
891,255 |
1,588,468 |
|
Creditors: amountsfalling due in one year |
|
|
(854,418} |
(1,542,645) |
|
Provisionsfor liabilities |
|
|
(357) |
(357) |
|
Tatal net assets |
|
|
36,480 |
45,466 |
|
Aggregate share capital and reserves |
|
|
36,480 |
45,466 |
| 12 |
Stocks |
|
|
|
|
|
|
|
Group |
|
Charity |
|
|
2022 |
2021 |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
|
Goods purchased for resale |
52,860 |
58,015 |
|
|
| 13 |
Debtors |
|
|
|
|
|
|
|
Group |
|
Charity |
|
|
2022 |
2021 |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
|
Amounts owed by group undertakings |
|
|
513,350 |
1,353,239 |
|
Otherdebtors |
27,472 |
202,532 |
139,433 |
209,705 |
|
Prepayments and accrued income |
253,978 |
52,634 |
253,978 |
40,457 |
|
|
281,450 |
255,166 |
906,761 |
1,603,401 |
| 14 |
Creditors: Amounts falling due within one year |
|
|
|
|
|
|
|
Group |
|
Charity |
|
|
2022 |
2021 |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
|
Trade creditors |
310,131 |
320,893 |
229,288 |
264,005 |
|
Amounts owed to group undertakings |
|
|
|
|
|
Othertaxation and social security |
13,832 |
6,576 |
13,832 |
6,576 |
|
Othercreditors |
|
11,390 |
|
20,346 |
|
Accruals and deferred income |
170,659 |
125,256 |
32,795 |
25,061 |
|
|
494,622 |
464,115 |
275,915 |
315,988 |
| 15 |
Deferred income |
|
|
|
|
|
|
|
Group |
|
Charity |
|
|
2022 |
2021 |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
|
Balance as at 1 October2021 |
97,812 |
213,959 |
|
|
|
Released from previous years |
(97,812) |
(213,959) |
|
|
|
Resources deferred in the year |
57,903 |
97,812 |
|
|
|
Balance as at 30 September |
57,903 |
97,812 |
|
|
|
2022 |
|
|
|
|
|
2022 |
2021 |
|
£ |
£ |
| Deferredtax liability |
357 |
357 |
| Therewas nodeferredtax liability in thecharity. |
|
|
|
At |
Incoming |
Outgoing |
Transfers |
At30 |
|
1 October |
Resources |
Resources |
Between |
September |
|
2021 |
|
|
Funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| Designatedfunds: |
|
|
|
|
|
| Land Fund |
1,122,893 |
|
|
|
1,122,893 |
| Generalfunds |
21,374,260 |
11,257,828 |
(4,327,828) |
- |
28,304,260 |
|
22,497,153 |
11,257,828 |
(4,327,828) |
- |
29,427,153 |
| Restricted funds |
|
|
|
|
|
| Total funds |
22,497,153 |
11,257,828 |
(4,327,828) |
- |
29,427,153 |
| Charity |
|
|
|
|
|
|
At |
Incoming |
Outgoing |
Transfers |
At30 |
|
1 October |
Resources |
Resources |
Between |
September |
|
2021 |
|
|
Funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| Designatedfunds: |
|
|
|
|
|
| Land Fund |
1,122,893 |
|
|
|
1,122,893 |
| Generalfunds |
21,328,805 |
10,933,517 |
(3,994,532) |
- |
28,267,790 |
| Total funds |
22,451,698 |
10,933,517 |
(3,994,532) |
- |
29,390,683 |
| Restricted funds |
|
|
|
|
|
| Total funds |
22,451,698 |
10,933,517 |
(3,994,532) |
- |
29,390,683 |
|
At |
Incoming |
Outgoing |
Transfers |
At30 |
|
1 October |
Resources |
Resources |
Between |
September |
|
2020 |
|
|
Funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| Designated funds: |
|
|
|
|
|
| Land Fund |
1,122,893 |
|
|
|
1,122,893 |
| Generalfunds |
23,258,233 |
2,362,617 |
(4,246,590) |
- |
21,374,260 |
| Total funds |
24,381,126 |
2,362,617 |
(4,246,590) |
- |
22,497,153 |
| harity |
|
|
|
|
|
|
At |
Incoming |
Outgoing |
Transfers |
At30 |
|
1 October |
Resources |
Resources |
Between |
September |
|
2020 |
|
|
Funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| Designated funds: |
|
|
|
|
|
| Land Fund |
1,122,893 |
|
|
|
1,122,893 |
| General funds |
23,256,902 |
2,189,702 |
(4,117,799) |
- |
21,328,805 |
| Totalfunds |
24,379,795 |
2,189,702 |
(4,117,799) |
- |
22,451,698 |
|
Unrestricted |
Unrestricted |
Total |
| Fund balances at 30 September 2022 are |
General
Funds |
Designated
Funds |
2022 |
| represented by: |
£ |
£ |
£ |
| Fixed assets |
18,812,592 |
1,122,893 |
19,935,485 |
| Current assets |
9,986,647 |
|
9,986,647 |
| Creditors: amounts duewithin oneyear |
(494,622) |
|
(494,622) |
| Provisions for liabilities |
(357) |
|
(357) |
|
28,304,260 |
1,122,893 |
29,427,153 |
|
Unrestricted |
Unrestricted |
Total |
Fund balances at 30 September 2021 are
represented by: |
General
Funds
£ |
Designated
Funds
£ |
2022
£ |
| Fixed assets |
19,648,735 |
1,122,893 |
20,771,628 |
| Current assets |
2,189,997 |
|
2,189,997 |
| Creditors: amounts duewithin one year |
(464,115) |
|
(464,115) |
| Provisions for liabilities |
(357) |
|
(357) |
|
21,374,260 |
1,122,893 |
22,497,153 |
|
2022 |
2021 |
|
£ |
£ |
| Net movement infunds |
6,930,000 |
(1,883,973) |
| Interest received |
(3,260) |
(78) |
| Depreciation |
1,425,499 |
1,598,683 |
| Amortisation |
193,067 |
230,276 |
| Profit on saleoffixed assets |
|
|
| Decrease in stock |
5,155 |
29,078 |
| (Increase)/decreaseindebtors |
(26,284) |
612,880 |
| lncrease/(decrease) in creditors |
30,508 |
(52,668) |
| Net cash inflow/(outflow) from operating activities |
8,554,685 |
534,198 |
|
Relationship |
Income |
Expenditure |
Year end |
|
|
|
|
balance |
| Lempriere Pringle |
Common trustee |
10,000,000 |
|
|
| The Auckland Project |
Common trustee |
|
(33,629) |
(33,381) |