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2021-03-31-accounts

Directors
Amit Sharma
Andrew Peter Staves
Doreen Foster (appointed 28October 2020)
Erica Whyman
Gareth Machin
Graham
Lister
Grahame
Morris
Jack McNamara
Joanna Read
Leo Skilbeck
l.ivvy Brinson
Natalie ibu
Sarah Frankcom
Theresa Heskins
Company number 8535161(England and Wales)
Charity number 11S9966
Registered office Royal Exchange Theatre Co Ltd
StAnns Square
IVlanchester
M2 7DH
Independent Examiner Cara Turtington FCA DChA
Saffery Charnpness LLP
71Queen Victoria Street
London
EC4V4BE

Directors report
Independent
Examiners		 report
Statement offinancia! activities
Balance sheet
Notes to the financial statements 15-21

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2021 2020
Notes E E
Current assets
Debtors 1,058 15,112
Cash at bank and in hand 532,264 385,152
533,322 400,264
Creditors
Amounts
falling due within one year		 41,486 56,184
Net current assets/(liabilities) 491,836 344,080
Net assets 491,836 344,080
Funds
Unrestricted funds 470,229 341,298
Restricted funds 21,607 2,782
Total funds 11.12 491,836 344,080

3. Income
2021 2020
E
Arts Council Core Funding 188,404 185,000
Trusts and Foundations 90,000 66,000
ADLP project 49,635
Other project grants 26,620
Recruitment income 24,103 12,000
Other income 6,152 2,656
335,279 315,291
Expenditure
Staff costs Direct costs Support Tata I Total
(note 6) costs 2021 2020
E E E E E
Charitable activities 103,909 73,887 9,728 187,524 231,486
103,909 73,887 9,728 187,524 231,486
Direct costs 2021 2020
E E
Placements and residencies 69,617 58,542
ADI P project costs 29,852
Coronavirus and dass project 4,270
73,887 88,394
Support costs
Residency at Young Vic 1&560 1,560
Marketing 5,396
Travel and accommodation 88 6,023
Insurance 1,927 1,479
Administration 184 1,206
Website costs 815 1,089
Bank charges 253 266
Accountancy 4,901 2,100
9,728 19,119
A split ofthe chari table
ac		 tivities
in the p		 rior year is asfol lows:
Staffcosts Direct costs Support Total
(note 6) costs 2020
E 6
Charitable activities 123,973 88,394 19,119 231,486
123,973 88,394 19,119 231,486
Net income/expenditure
2021 2020
Net expenditure is stated after charging: 6 f
Independent examiner's fee 2,100 2,100
6. Staff costs
2021 2020
E
Salaries 93,466 103,015
Employer's
Nl
Pension costs		 5,384
2 992		 10790
=W83
Direct staff costs 101,842 117,188
Freelance support 2,067 6,785
103,909 123,973

Debtors
2021 2020
6
Due within one year
Trade debtors 1,058
Prepayments and accrued income 15,112
Sundry debtors 40
1,058 15,152
Creditors
2021 2020
6 6
Amounts
falling due within one year
Trade creditors 310 26,882
Social security and other taxes 2,891 3,270
Accruals and deferred income 36,027 26,032
Sundry creditors 2,258
41,486 56,184

Funds
Balance income gxpenditure Transfers Balance
1April between 31March
2020 funds 2021
E 6
Unrestricted
funds
General funds 178,798 194,179 (128,960) (55,280) 188,197
Career tracking funds 25,000 10,000 35,000
Programme
funds		 60&OOO 24,103 (2,891) 45,820 127,032
Garfield Weston 17,500 (17;500)
Esmee Fairbairn 60,000 90,000 (30,000) 120,000
Restricted funds
Ramps on the Moon 22,620 (2,620) 20,000
Class & Coronasgrus 4,377 (4,270) 107
Other grant funders (1,282) 1,500
344,080 335,279 (187,523) 491,836

Balance income Expenditure Transfers Balance
1April between 31March
2019 funds 2020
E E. E
Unrestricted
funds
General funds 203,493 219,291 (208,986) (35,000) 178,798
Career tracking funds 15,000 10,000 25,000
Programme
funds		 40,000 20,000 60,000
Garfield Weston (17,500) 35,000 17,500
Esmee Fairbairn 60,000 60,000
Restricted funds
ADLP Project (218) 218
Other grant funders 2,000 6,000 (5,000) (218) 2,782
260,275 315,291 (231,486) 344,080
11. Analysis ofnet assets between funds
Unrestricted Restricted Total 2021
E E E
Debtors 1,058 1,058
Cash at bank 491,923 40,341 532,264
Creditors (22,752) (18,734) (41,486)
470,229 21,607 491,805
Unrestdcted Restricted Total 2020
E E E
Debtors 15,112 15,1.12
Cash at bank 363,636 21.,516 385,152
Creditors (37,450) (18,734) (56,184)
341,298 2,782 344,080