||||Page||
|---|---|---|---|---|
|Chairman's<br>Report|||||
|Report ofthe Trustees||2|to|8|
|Independent<br>Examiner's|Report||||
|Statement of Financial|Activities||10||
|Balance Sheet||11|to|12|
|Cash Flow Statement|||13||
|Notes tothe Cash Flow|Statement||14||
|Notes to the Financial Statements||15to||22|
|Detailed Statement of Financial Activities||23|to|24|





## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 



## 

## 

||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|E|E|E|E|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations<br>and legacies||2|43,504||43,504|214,055|
|Charitable<br>activities|||||||
|Encouragement<br>ofthe Arts|||500,328|5,000|505,328|590,143|
|Investment<br>income||3|2,595||2,595|878|
|Other income|||30,719||30,719|139,723|
|Total|||577,146|5,000|582,146|944,799|
|EXPENDITURE ON|||||||
|Raising funds|||1,177|21,725|22,902|35,848|
|Charitable<br>activities|||||||
|Encouragement<br>ofthe Arts|||634,729||634,729|650,035|
|Total|||635,906|21,725|657,631|685,883|
|NET INCOME/(EXPENDITURE)|||(58,760)|(16,725)|(75,485)|258,916|
|RECONCILIATION<br>OF FUNDS|||||||
|Total funds brought forward|||414,615|216,640|631,255|372,339|
|TOTAL FUNDS CARRIED FORWARD|||355,855|199,915|555,770|631,255|





|||||31.12.21|31.12.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|E|E|E|6|
|FIXEDASSETS||||||
|Intangible<br>assets<br>Tangible assets|11<br>12|3,200<br>82,161||3,200<br>82,161|3,622<br>87,252|
|||85,361||85,361|90,874|
|CURRENTASSETS||||||
|Debtors|13|340,796|117,579|458,375|254,933|
|Cash at bank and in hand||90|82,336|82,426|331,477|
|||340,886|199,915|540,801|586,410|
|CREDITORS||||||
|Amounts<br>falling due within one year|14|(70,392)||(70,392)|(46,029)|
|NET CURRENT ASSETS||270,494|199,915|470,409|540,381|
|TOTAL ASSETS LESSCURRENT UABILITIES||355,855|199,915|555,770|631,255|
|NET ASSETS||355,855|199,915|555,770|631,255|
|FUNDS|15|||||
|Unrestricted<br>funds||||355,855|414,615|
|Restricted funds||||199,915|216,640|
|TOTALFUNDS||||555,770|631,255|





## 

## 

|||||31.12.21|31.12.20|
|---|---|---|---|---|---|
||||Notes|E|E|
|Cash flows from operating|activities|||||
|Cash generated<br>from operations||||(249,646)|156,290|
|Net cash (used in)/provided|by operating||activities|(249,646)|156,290|
|Cash flows from investing|activities|||||
|Purchase oftangible<br>fixed|assets|||(2,000)|(3,325)|
|Interest received||||2,595|878|
|Net cash provided<br>by/(used|in) investing||activities|595|(2,447)|
|Change<br>in cash and cash equivalents||in the||||
|reporting<br>period||||(249,051)|153,843|
|Cash and cash equivalents|at the beginning|||||
|ofthe reporting<br>period||||331,477|177,634|
|Cash and cash equivalents|at the end|of||||
|the reporting<br>period||||82,426|331,477|





|RECONCILIATION|OF NET (EXPENDITURE)/INCOME|OF NET (EXPENDITURE)/INCOME|OF NET (EXPENDITURE)/INCOME|TO NET CASH FLOW|FROM OPERATING||
|---|---|---|---|---|---|---|
|ACTIVITIES|||||||
||||||31.12.21|31.12.20|
||||||E|E|
|Net (expenditure)/income||forthe reporting|period|(as per the|||
|Statement ofFinancial Activities)|||||(75,485)|258,916|
|Adjustments<br>for:|||||||
|Depreciation<br>charges|||||7,514|7,698|
|Interest received|||||(2,595)|(878)|
|Theatre Tax Credit|||||(18,854)|(49,087)|
|Other|||||29,449||
|(Increase)/decrease|in debtors||||(192,369)|19,993|
|Increase/(decrease)|in creditors||||2,694|(80,352)|
|Net cash (used in)/provided||by operations|||(249,646)|156,290|



## 

||At 1.1.21|Cash flow|At 31.12.21|
|---|---|---|---|
||E|E|E|
|Net cash||||
|Cash at bank and in hand|331,477|(249,051)|82,426|
||331,477|(249,051)|82,426|
|Total|331,477|(249,051)|82,426|





## 

## 

## 

## 

## 



|2.|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES|AND LEGACIES|||
|---|---|---|---|---|---|---|---|
|||||||31.12.21|31.12.20|
|||||||E|E|
||Donations|||||32,686|208,700|
||Visiting Productions||Rental||In come|4,890|2,475|
||Membership|and Sponsorship||||5,928|2,880|
|||||||43,504|214,055|
|3.|INVESTMENT|INCOME||||||
|||||||31.12.21|31.12.20|
|||||||E|E|
||Interest receivable - trading|||||2,595|878|
|4.|INCOME FROM CHARITABLE ACTIVITIES|||||||
|||||||31.12.21|31.12.20|
|||||||E|E|
||Ticket Sales|||||144,690|243,517|
||Friends Scheme|||||950|1,080|
||Merchandise|||||2,528|2,846|
||Booking Fees|||||7,743|18,334|
||Grants|||||346,970|317,900|
||Gift Aid|||||2,447|6,466|
|||||||505,328|590,143|
||Grants received, included|||in|the above, are as follows:|||
|||||||31.12.21|31.12.20|
|||||||E|E|
||Arts Council England|||||311,970|280,000|
||OAK Foundation||||||15,400|
||5&I Fogel Charitable||Trust||||250|
||Ernest Hecht|Charitable||Foundation|||5,000|
||Foyle Foundation||||||15,000|
||Islington<br>Council|||||30,000|2,250|
||Theatres Trust Charitable|||Fund||5,000||
|||||||346,970|317,900|





## 

|S.|RAISING FUNDS|RAISING FUNDS||||||
|---|---|---|---|---|---|---|---|
||Raising donations|||and legacies||||
|||||||31.12.21|31.12.20|
|||||||6|E|
||Fundraising|||||21,725|14,760|
||Other trading activities|||||||
|||||||31.12.21|31.12.20|
|||||||E|6|
||Purchases|||||1,177|21,088|
||Aggregate|amounts||||22,902|35,848|
|6.|CHARITABLE ACTIVITIES COSTS|||||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 7)|Totals|
||||||E|E|6|
||Encouragement||of|the Arts||||
||||||213,437|421,292|634,729|





## 

## 

||||||Information|Human||
|---|---|---|---|---|---|---|---|
||||Management|Finance|technology|resources|Totals|
||||E|E|E|E|E|
|Encouragement|ofthe|Arts||||||
||||374,625|42,979|748|2,940|421,292|



## 

## 

||||31.12.21|31.12.20|
|---|---|---|---|---|
||||E|E|
|Depreciation|—owned assets||7,091|7,275|
|Hire of plant|and|machinery|1,923|1,804|
|Other operating||leases|29,700|15,544|
|Development|costs amortisation||422|423|



## 

## 

## 

## 

|STAFF|COSTS|||
|---|---|---|---|
|||31.12.21|31.12.20|
|||E|E|
|Wages|and salaries|294,503|290,800|
|Social|security costs|17,465|17,179|
|||311,968|307,979|



|The average monthly|number ofemployees|during the year was as follows:|
|---|---|---|
|Staff|||



|31.12.21|31.12.20|
|---|---|
|12|12|





## 

|INTANGIBLE FIXEDASSET|S|||||||
|---|---|---|---|---|---|---|---|
||||||||Developmen|
||||||||costs|
||||||||E|
|COST||||||||
|At 1January 2021and 31|December 2021||||||4,225|
|AMORTISATION||||||||
|At 1January 2021|||||||603|
|Charge for year|||||||422|
|At 31December 2021|||||||1,025|
|NET BOOK VALUE||||||||
|At 31December 2021|||||||3,200|
|At 31December 2020|||||||3,622|
|TANGIBLE FIXEDASSETS||||||||
|||||Fixtures||||
||Freehold|Plant|and|and||Computer||
||property|machinery||fittings||equipment|Totals|
||E|E||E||E|f|
|COST||||||||
|At 1January 2021|97,487|16,949||5,522||5,501|125,459|
|Additions||||||2,000|2,000|
|At 31December 2021|97,487|16,949||5,522||7,501|127,459|
|DEPRECIATION||||||||
|At 1January 2021|17,438|13,781||3,836||3,152|38,207|
|Charge for year|4,874||792||421|1,004|7,091|
|At 31December 2021|22,312|14,573||4,257||4,156|45,298|
|NET BOOK VALUE||||||||
|At 31December 2021|75,175|2,376||1,265||3,345|82,161|
|At 31December 2020|80,049|3,168||1,686||2,349|87,252|



## 



## 

## 

|DEBTORS:AMOUNTS|F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||31.12.21|31.12.20|
||||E|E|
|Trade debtors|||2,053|7,034|
|Amounts<br>owed by group||undertakings|215,024|203,951|
|Other debtors|||239,134|42,000|
|Prepayments|||2,164|1,948|
||||458,375|254,933|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
||||31.12.21|31.12.20|
||||E|E|
|Trade creditors|||15,484|5,228|
|Amounts<br>owed to group||undertakings|21,669||
|Social security and other||taxes|5,843|4,544|
|VAT|||2,210|1,173|
|Other creditors|||18,466|20,803|
|Accruals and deferred|income||6,720|14,281|
||||70,392|46,029|



## 

|MOVEMENT|IN|FUNDS|||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.1.21|in funds|31.12.21|
|||||E|E|f|
|Unrestricted|funds||||||
|General fund||||414,615|(58,760)|355,855|
|Restricted funds|||||||
|Capital Project||||216,640|(16,725)|199,915|
|TOTAL FUNDS||||631,255|(75,485)|555,770|
|Net movement||in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources<br>E|expended<br>E|in funds<br>f|
|Unrestricted|funds||||||
|General fund||||577,146|(635,906)|(58,760)|
|Restricted funds|||||||
|Capital Project||||5,000|(21,725)|(16,725)|
|TOTALFUNDS||||582,146|(657,631)|(75,485)|





## 

||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.20|in funds|31.12.20|
|||E|E|E|
|Unrestricted|funds||||
|General fund||207,970|206,645|414,615|
|Restricted funds|||||
|Capital Project||164,369|52,271|216,640|
|TOTALFUNDS||372,339|258,916|631,255|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted<br>funds|||||
|General fund||892,528|(685,883)|206,645|
|Restricted funds|||||
|Capital Project||52,271||52,271|
|TOTAL FUNDS||944,799|(685,883)|258,916|
|A current year 12months|and prior year 12months combined|position<br>is as follows:|||
||||Net||
||||movement|At|
|||At 1.1.20|in funds|31.12.21|
|||E|E|E|
|Unrestricted<br>funds|||||
|General fund||207,970|147,885|355,855|
|Restricted funds|||||
|Capital Project||164,369|35,546|199,915|
|TOTAL FUNDS||372,339|183,431|555,770|





## 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources<br>E|expended<br>f|in funds<br>E|
|Unrestricted<br>funds||||
|General fund|1,469,674|(1,321,789)|147,885|
|Restricted funds||||
|Capital Project|57,271|(21,725)|35,546|
|TOTALFUNDS|1,526,945|(1,343,514)|183,431|



## 

## 



## 

|||||31.12.21|31.12.20|
|---|---|---|---|---|---|
|||||E|E|
|INCOME AND ENDOWMENTS||||||
|Donations<br>and legacies||||||
|Donations||||32,686|208,700|
|Visiting Productions||Rental|In come|4,890|2,475|
|Membership<br>and|Sponsorship|||5,928|2,880|
|||||43,504|214,055|
|Investment<br>income||||||
|Interest receivable||-trading||2,595|878|
|Charitable<br>activities||||||
|Ticket Sales||||144,690|243,517|
|Friends Scheme||||950|1,080|
|Merchandise||||2,528|2,846|
|Booking Fees||||7,743|18,334|
|Grants||||346,970|317,900|
|Gift Aid||||2,447|6,466|
|||||505,328|590,143|
|Otherincome||||||
|JRS Grant||||30,719|139,723|
|Total incoming resources||||582,146|944,799|
|EXPENDITURE||||||
|Raising donations|and legacies|||||
|Fundraising||||21,725|14,760|
|Other trading activities||||||
|Purchases||||1,177|21,088|
|Charitable<br>activities||||||
|Actor &Technician||Wages||8,386|5,043|
|Literary Resources||||48|51|
|Commissions||||1&0,939|234,081|
|Boxoffice costs||||24,064|24,097|
|||||213,437|263,272|
|Support costs||||||
|Management||||||
|Wages||||294,503|290,800|
|Carried forward||||294,503|290,800|





## 

|||31.12.21|31.12.20|
|---|---|---|---|
|||E|E|
|Management||||
|Brought forward||294,503|290,800|
|Social security||17,465|17,179|
|Hire of plant|and machinery|1,923|1,804|
|Rent||29,700|15,544|
|Repairs and|Maintenance|6,229|1,778|
|Insurance||2,860|3,064|
|Travel and Subsistence||1,954|7,744|
|Telephone||1,632|1,920|
|Postage and|stationery|607|1,478|
|Advertising||15,728|10,006|
|Sundries||811|128|
|Fixtures and|fittings|421|562|
|Computer<br>equipment||792|1,056|
|||374,625|353,063|
|Finance||||
|Accountancy||22,640|15,889|
|Auditor Fees||1,397|1,397|
|Bank charges||211|149|
|Professional|Consultancy|8,189|4,602|
|Credit and other charges||4,241|4,655|
|Development|costs|423|423|
|Freehold property||4,874|4,874|
|Computer<br>equipment||1,004|783|
|||42,979|32,772|
|Information|technology|||
|Computer<br>Expenses||748|660|
|Human<br>resources||||
|Training||2,940|268|
|Total resources expended||657,631|685,883|
|Net (expenditure)/income||(75,485)|258,916|