REGISTERED COMPANY NUMBER: 09187162 (England and Wales) REGISTERED CHARITY NUMBER: 1161483
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
KH THEATRE LIMITED
Calcutt Matthews WBZ Ltd 19 North Street Ashford Kent TN24 8LF
KH THEATRE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Chairman's Report | 1 | ||
| Report of the Trustees | 2 | to | 8 |
| Independent Examiner's Report | 9 | to | 10 |
| Statement of Financial Activities | 11 | ||
| Balance Sheet | 12 | to | 13 |
| Notes to the Financial Statements | 14 | to | 20 |
| Detailed Statement of Financial Activities | 21 | to | 22 |
KH THEATRE LIMITED
CHAIRMAN'S REPORT for the Year Ended 31 December 2022
CHAIR OF TRUSTEE’S REPORT
For the Year Ended 31 December 2022
This was the theatre’s first full year of being open following the covid closures of 2020 and 2021, and it was a pleasure to see audiences returning with increasing confidence and in greater numbers.
A standout production in the first quarter was Freud’s Last Session - which will be released as a feature film starring Anthony Hopkins and Matthew Goode in late 2023. This returned in summer for a second run after its initial success early in the year.
After the unfortunate cancellation of VAULT Festival, the new leadership team curated the Springboard Festival, providing cancelled VAULT Shows preferential terms to support them in staging their work at King’s Head Theatre. And more innovative programming in August saw the creation of the Boys Boys Boys festival of queer-led one-man shows.
Mark Ravenhill directed a re-staging of La Boheme directly before a play written by him, site-responsive about the history of the pub theatre - The Haunting of Susan A. Other notable productions included Bright Half Life and Fame Whore, as the charity's artistic policy under its new leadership developed a refocus towards work with, by and for the LGBTQ+ community. The charity’s collaboration with East 15 through the Stella Wilkie Award continued though with The Benefits of Disabled Sex by Sonny Howes and Under The Rug Theatre.
Developments into the move of the theatre to new premises in Islington Square continue apace, with a move to the new premises in late 2023 now moving closer to becoming a reality. All the trustees and staff are grateful for the support of the Mayor of London through Round Three of his Good Growth Fund, as our key funders for the move, together with the support of our current landlords Young’s, future landlords Cain International, the hugely supportive local authority Islington Council and the local community, who all continue to champion the theatre's plans to move.
After 28 years, this year saw the final cohort of the Queen’s Jubilee award-winning Trainee Resident Director Programme. The theatre will be taking a pause on the programme as it looks to restructure and seek funding to allow paid engagements for future trainee directors. The programme over the last 28 years has helped launch the careers of many directors including Katie Mitchell, Michael Longhurst, Tania Azevedo, Jamie Armitage, Jennifer Davis and Ben Anderson.
The charity’s hard-working staff team is now led by Senior Producer Sofi Berenger, who as well as programming great shows at the pub theatre is working closely with the charity’s newly appointed capital project director Louise Chantal and the trustees on plans for the new theatre.
Also launched was the artist development programme KHT Skillshares. These fortnightly masterclasses from members of the King’s Head team and the wider industry explore a broad range of topics around practical producing and artistic skills.
Overall, it has been a valuable year of renewal for the charity, with much to look forward to in 2023.
James Seabright Chair of Trustees KH THEATRE LIMITED
Page 1
KH THEATRE LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31 December 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Trustees are pleased to present their annual report together with the consolidated financial statements of the charity for the year ending 31 December 2022, which is also a director's report for the purposes of the Companies Act 2006.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Statement of Recommended Practice- Accounting and Reporting by Charities SORP FRS 102 (effective 1 January 2015).
This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's activities remain focused on its stated objectives.
Objectives and Activities
Our principal objectives are:
To present ambitious theatre and opera that supports, develops, and values our artists, staff, audiences, and alumni.
To be the most ethically and socially responsible fringe theatre in the UK known for its challenging work and support of young artists.
To commit to fighting prejudice through the work we stage, the artists and staff we work with and by producing work for minority audience groups.
To promote fair pay for all on the fringe and to create accessible routes for early career artists to stage their work.
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KH THEATRE LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2022
OBJECTIVES AND ACTIVITIES
Significant activities Key Strategies and Activities
Present a broad range of productions covering theatre, opera, and musicals with accessible ticket prices at the King's Head Theatre in London.
Offer opportunities for regular theatre goers to see new work and revivals of work that have not been staged in the UK before.
Employ talented emerging artists and provide a supportive environment for them to develop their craft and advance their careers.
Provide training programmes for emerging directors and producers and support for their continuing professional development.
To take a leadership role in getting the industry to follow our commitment to fair wages on the fringe and only staging work which agrees to pay fair wages.
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KH THEATRE LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31 December 2022
OBJECTIVES AND ACTIVITIES Public benefit ACHIEVEMENT AND PERFORMANCE
Charitable activities
Productions
In 2022, the King's Head Theatre (KHT) continued facing challenges as a result of Covid-19 but started to recover with the charity getting back up to full performance levels, though ticket sales remained at 50% of the pre-pandemic levels. The charity however still produced La Boheme, The Haunting of Susan A, Freud’s Last Session and the Boys Boys Boys festival.
After the cancellation of VAULT Festival, we also provided artists with opportunities to bring their cancelled VAULT shows to us with the Springboard festival with The Silver Bell, Babydoll, Grey Widow, A Partnership, Why I Am An Avocado, Drag Queens vs Zombies, Drag Baby, About 500 and Eating Myself.
6,659 people saw a KHT-produced production, and overall, 24,072 people visited Kings Head Theatre in 2022 compared to 44,855 in 2019.
We also produced our 50th anniversary celebration with KHT50 : From Barstools to Broadway which brought back plays from Timberlake Wertenbaker, Tom Stoppard, Stephen Jeffrey, Bryony Lavery, Victoria Wood and Bill Russell.
Selected reviews included:
“A stimulating show, one that will challenge the audience…truly well-written” - BroadwayWorld on Freud’s Last Session
“The brilliance of the show is just how easily it tells three stories (mixing fact and fiction): The actor’s story spanning 20 years, the story of the Victorian woman and the present-day story of King’s Head Theatre’s upcoming move to its new premises. The King’s Head theatre is central to all three.” - London Pub Theatres Magazine on The Haunting of Susan A
“There’s nothing mediocre about this dark and complex tale” - Daily Mail on Mediocre White Male
Visiting Productions
In 2022, our visiting companies programme brought more work into the charity than our in-house produced work, mostly as a result of Covid-19 as we needed to find new ways to present work with artists. In 2022, there were 12 productions which had a run of two weeks or more presented by Visiting Companies.
This included UK or worldwide premieres of Bright Half Life, Fame Whore, Man of 100 Faces, Lethe and Proud.
In 2022 we had 213 programming proposals submitted, 36% of which ended up on our stage. Our programmed work included 7% disabled-led work, 50% female-led work, 12% working class-led work, 54% LGBTQIA+ -led work and 9% led by people of the global majority.
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KH THEATRE LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31 December 2022
OBJECTIVES AND ACTIVITIES
We received Offie nominations for Jarman, La Boheme, The Haunting of Susan A, Yippee Ki Yay and Harry’s Christmas, and won London Pub Theatre Awards for Cell Outs and Yippee Ki Yay.
Volunteers
Staff Team
In 2022 the artistic programme was overseen by artistic director Mark Ravenhill and Senior Producer Sofi Berenger. Unfortunately, Mark Ravenhill went on extended sick leave mid-year and as his co-director Hannah Price and Executive Director Tom Ryalls left in 2022, Sofi Berenger led the team for the second half of the year.
After the Covid Recovery Fund from Arts Council England was fully spent, and with post-pandemic recovery of income being slower than expected, unfortunately we were not able to retain staff levels as planned, although this was addressed by not re-hiring into roles following the voluntary departure of incumbent staff members. We also had to reduce phone line service hours and reduce operational staffing levels.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Equity and Fair Employment
The King's Head Theatre remains committed to fair employment and has a fantastic relationship with Equity, the UK's largest trade union for the performing arts. We are proud to be one of the very few small-scale unfunded theatres in the UK to have an Equity House Agreement. This has been in place since 2011, at which point it was the first agreement of its kind. Since then, over 300 venues and production companies have signed up to the agreement, which has brought millions of pounds in wages to actors and stage managers.
Gender and Equality Policy
In 2018 the King's Head Theatre implemented a Gender and Equality Policy, furthering our aim to lead the way in making equitable fringe theatre. With immediate effect, we committed to working annually with 50% non-male artists and creatives, and to offer at least 50 hours a year to mentoring and helping emerging companies and championing ethical employment. As the sector continues to recover from the pandemic, and responds to a changing landscape, it is clear we need to re-define some of these benchmarks, and this a continuing process as we also plan for the new venue.
Audiences
In 2022, we saw an increase of our local (N postcode) audiences increase from 16% overall to 22% in 2022. We also sold 7.4% of our tickets to Under 30, 1.4% to N1 residents, 1.8% Over 65, 2.9% Student rate and 0.8% Unwaged. We saw a rise from 4% to 11% of our audience under the age of 25, and a decrease of audiences over 66 from 20% to 11%.
Fundraising activities Fundraising
Donations received from our Support The Kings Head fund online totalled £14,984 in 2022, a slight increase from 2021 but still considerable below pre-pandemic levels.
A further £5,800 came from our membership programme.
£15,504 was generated from our bucket collections.
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KH THEATRE LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2022
FINANCIAL REVIEW
Financial position
FINANCIAL REVIEW
The total income for the period was £414,088
Voluntary Income
We received £65,771 in donations.
Theatre and Production Income
We had an income of £322,182 from ticket and merchandise sales.
We received £10,000 in grants and £1,850 from gift aid.
Cost of Charitable Activities
The total expenditure for the period was £577,291
Investment policy and objectives
The trustees, having regard to the liquidity requirements of operating the theatre, have kept available funds in an interest-bearing deposit account and seek to achieve a rate on deposit which matches or exceeds inflation as measured by the retail prices index.
Reserves policy
Investment policy and objectives
The trustees, having regard to the liquidity requirements of operating the theatre, have kept available funds in an interest-bearing deposit account and seek to achieve a rate on deposit which matches or exceeds inflation as measured by the retail prices index.
Reserves policy
The trustees had four months of operating reserves in place by the end of 2022 with £197,152 of unrestricted reserves available and total reserves of £392,567.
There are no concerns regarding the charity's ability to continue to operate.
FUTURE PLANS
Following the resignation of the artistic directors, we will be looking towards new artistic leadership models in 2023 - specifically trialling a Trainee Artistic Director Programme aimed at mid-career artists. The programme for 2023 will initially be managed by the Senior Producer Sofi Berenger, who will also oversee the Trainee Artistic Directors.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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KH THEATRE LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31 December 2022
Anti-Racism Commitment
The King's Head Theatre has always fostered diversity and inclusion, and now, more than ever, we stand with the Black Lives Matter movement. The King's Head Theatre must be a home for everyone to feel welcome to tell their stories and for us collectively, to change our world for the better. To all our artists, audiences, staff and community across the world, know that we will not tolerate racism in any form. We will reflect that in everything we do. And while our doors may currently be shut, we commit anew to reflecting and protecting our exceptional and diverse society. Today and always, we stand with our Black colleagues and with our community as we fight for a more equal world.
Governing Document
KH Theatre Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 24th September 2014. The current members of the company are the Trustees. The liability of the members of the company is limited by guarantee. In the event of the company being wound up during the period of membership or within the year following, members are required to contribute an amount not exceeding £1.
There were 7 members as at 31.12.2022. The Trustees did not receive any benefits in the year.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 09187162 (England and Wales)
Registered Charity number 1161483
Registered office 115 Upper Street
London
N1 1QN
Trustees
Ms M L Lauder
Ms A J Moulson Director (resigned 22.6.22)
J A R Seabright Ms M Waiting R J Williamson
Ms A Mascarenhas Director (resigned 27.4.22)
Ms K Farrell
A Porter Director (appointed 27.4.22)
M Hedges Director (appointed 27.4.22) N Paladina Director (appointed 27.4.22) (resigned 28.7.22) Ms H Williamson (appointed 18.4.23) Ms K Mullan (appointed 18.4.23)
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KH THEATRE LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Calcutt Matthews WBZ
Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF
Approved by order of the board of trustees on 22 December 2023 and signed on its behalf by:
J A R Seabright - Trustee
Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KH THEATRE LIMITED
Independent examiner's report to the trustees of KH Theatre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Association of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Darren Mason Calcutt Matthews WBZ Ltd
Association of Chartered Accountants in England and Wales
19 North Street
Ashford
Kent TN24 8LF
Date: ...........21.12.23.................................
Calcutt Matthews WBZ
Page 9
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KH THEATRE LIMITED
The Institute of Chartered Accountants in England and Wales
Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent TN24 8LF
22 December 2023
Page 10
KH THEATRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 78,124 Charitable activities Encouragement of the Arts 334,032 Investment income 2 1,932 Other income - Total 414,088 EXPENDITURE ON Raising funds 3,044 Charitable activities Encouragement of the Arts 569,747 Total 572,791 NET INCOME/(EXPENDITURE) (158,703) RECONCILIATION OF FUNDS Total funds brought forward 355,855 TOTAL FUNDS CARRIED FORWARD 197,152 |
Restricted fund £ - - - - - - 4,500 4,500 (4,500) 199,915 195,415 |
31.12.22 31.12.21 Total Total funds funds £ £ 78,124 43,504 334,032 505,328 1,932 2,595 - 30,719 414,088 582,146 3,044 22,902 574,247 634,729 577,291 657,631 (163,203) (75,485) 555,770 631,255 392,567 555,770 |
|---|---|---|
The notes form part of these financial statements
Page 11
KH THEATRE LIMITED
BALANCE SHEET
31 December 2022
| Unrestricted fund Notes £ FIXED ASSETS Intangible assets 7 2,777 Tangible assets 8 172,657 175,434 CURRENT ASSETS Debtors 9 127,479 Cash at bank and in hand 130,620 258,099 CREDITORS Amounts falling due within one year 10 (236,381) NET CURRENT ASSETS 21,718 TOTAL ASSETS LESS CURRENT LIABILITIES 197,152 NET ASSETS 197,152 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - 109,816 85,599 195,415 - 195,415 195,415 195,415 |
31.12.22 Total funds £ 2,777 172,657 175,434 237,295 216,219 453,514 (236,381) 217,133 392,567 392,567 197,152 195,415 392,567 |
31.12.21 Total funds £ 3,200 82,161 85,361 458,375 82,426 540,801 (70,392) 470,409 555,770 555,770 355,855 199,915 555,770 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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KH THEATRE LIMITED
BALANCE SHEET - continued
31 December 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2023 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 13
KH THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022
KH THEATRE LIMITED
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Interest receivable - trading | 1,932 | 2,595 | |
| 3. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Depreciation - owned assets | 11,549 | 7,091 | |
| Hire of plant and machinery | - | 1,923 | |
| Other operating leases | 37,200 | 29,700 | |
| Development costs amortisation | 423 | 422 |
- TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
31.12.22 31.12.21
No employees received emoluments in excess of £60,000.
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KH THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 43,504 Charitable activities Encouragement of the Arts 500,328 Investment income 2,595 Other income 30,719 Total 577,146 EXPENDITURE ON Raising funds 1,177 Charitable activities Encouragement of the Arts 634,729 Total 635,906 NET INCOME/(EXPENDITURE) (58,760) RECONCILIATION OF FUNDS Total funds brought forward 414,615 TOTAL FUNDS CARRIED FORWARD 355,855 |
Restricted fund £ - 5,000 - - 5,000 21,725 - 21,725 (16,725) 216,640 199,915 |
Total funds £ 43,504 505,328 2,595 30,719 582,146 22,902 634,729 657,631 (75,485) 631,255 555,770 |
|---|---|---|
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KH THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022
7. INTANGIBLE FIXED ASSETS
| INTANGIBLE FIXED ASSETS | |
|---|---|
| Development | |
| costs | |
| £ | |
| COST | |
| At 1 January 2022 and 31 December 2022 | 4,225 |
| AMORTISATION | |
| At 1 January 2022 | 1,025 |
| Charge for year | 423 |
| At 31 December 2022 | 1,448 |
| NET BOOK VALUE | |
| At 31 December 2022 | 2,777 |
| At 31 December 2021 | 3,200 |
8. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| COST At 1 January 2022 Additions At 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 |
Freehold property £ 97,487 96,091 193,578 22,312 9,679 31,991 161,587 75,175 |
Plant and machinery £ 16,949 5,954 22,903 14,573 718 15,291 7,612 2,376 |
Fixtures and Computer fittings equipment £ £ 5,522 7,501 - - 5,522 7,501 4,257 4,156 316 836 4,573 4,992 949 2,509 1,265 3,345 |
Totals £ 127,459 102,045 |
| 229,504 | ||||
| 45,298 11,549 |
||||
| 56,847 | ||||
| 172,657 | ||||
| 82,161 |
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KH THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtors VAT Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Amounts owed to group undertakings Social security and other taxes VAT Other creditors Accruals and deferred income 11. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Capital Project TOTAL FUNDS |
At 1.1.22 £ 355,855 199,915 555,770 |
31.12.22 £ 8,382 188,867 36,454 2,684 908 237,295 31.12.22 £ 99,907 61,481 3,483 - 65,018 6,492 236,381 Net movement in funds £ (158,703) (4,500) (163,203) |
31.12.21 £ 2,053 215,024 239,134 - 2,164 |
|---|---|---|---|
| 458,375 | |||
| 31.12.21 £ 15,484 21,669 5,843 2,210 18,466 6,720 |
|||
| 70,392 | |||
| At 31.12.22 £ 197,152 195,415 |
|||
| 392,567 |
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KH THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 414,088 Restricted funds Capital Project - TOTAL FUNDS 414,088 Comparatives for movement in funds At 1.1.21 £ Unrestricted funds General fund 414,615 Restricted funds Capital Project 216,640 TOTAL FUNDS 631,255 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 577,146 Restricted funds Capital Project 5,000 TOTAL FUNDS 582,146 |
Resources Movement expended in funds £ £ (572,791) (158,703) (4,500) (4,500) (577,291) (163,203) Net movement At in funds 31.12.21 £ £ (58,760) 355,855 (16,725) 199,915 (75,485) 555,770 Resources Movement expended in funds £ £ (635,906) (58,760) (21,725) (16,725) (657,631) (75,485) |
|---|---|
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KH THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Capital Project TOTAL FUNDS |
At 1.1.21 £ 414,615 216,640 631,255 |
Net movement in funds £ (217,463) (21,225) (238,688) |
At 31.12.22 £ 197,152 195,415 |
|---|---|---|---|
| 392,567 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows:
| Unrestricted funds General fund Restricted funds Capital Project TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 991,234 (1,208,697) (217,463) 5,000 (26,225) (21,225) 996,234 (1,234,922) (238,688) |
Incoming Resources Movement resources expended in funds £ £ £ 991,234 (1,208,697) (217,463) 5,000 (26,225) (21,225) 996,234 (1,234,922) (238,688) |
|---|---|---|
| (238,688) |
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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KH THEATRE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 65,771 | 32,686 |
| Visiting Productions Rental In come | 6,553 | 4,890 |
| Membership and Sponsorship | 5,800 | 5,928 |
| 78,124 | 43,504 | |
| Investment income | ||
| Interest receivable - trading | 1,932 | 2,595 |
| Charitable activities | ||
| Ticket Sales | 295,871 | 144,690 |
| Friends Scheme | 450 | 950 |
| Merchandise | 6,746 | 2,528 |
| Booking Fees | 19,115 | 7,743 |
| Grants | 10,000 | 346,970 |
| Gift Aid | 1,850 | 2,447 |
| 334,032 | 505,328 | |
| Other income | ||
| JRS Grant | - | 30,719 |
| Total incoming resources | 414,088 | 582,146 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising | - | 21,725 |
| Other trading activities | ||
| Purchases | 3,044 | 1,177 |
| Charitable activities | ||
| Actor & Technician Wages | 7,943 | 8,386 |
| Literary Resources | - | 48 |
| Commissions | 168,102 | 180,939 |
| Box office costs | 20,000 | 24,064 |
| 196,045 | 213,437 |
This page does not form part of the statutory financial statements
Page 21
KH THEATRE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Management | ||
| Wages | 230,629 | 294,503 |
| Social security | 13,832 | 17,465 |
| Hire of plant and machinery | - | 1,923 |
| Rent | 37,200 | 29,700 |
| Repairs and Maintenance | 3,129 | 6,229 |
| Insurance | 2,980 | 2,860 |
| Travel and Subsistence | 2,373 | 1,954 |
| Telephone | 1,239 | 1,632 |
| Postage and stationery | 674 | 607 |
| Advertising | 8,825 | 15,728 |
| Sundries | 1,701 | 811 |
| Plant and machinery | 718 | - |
| Fixtures and fittings | 316 | 421 |
| Computer equipment | - | 792 |
| 303,616 | 374,625 | |
| Finance | ||
| Accountancy | 18,956 | 22,640 |
| Auditor Fees | - | 1,397 |
| Bank charges | 479 | 211 |
| Professional Consultancy | 32,690 | 8,189 |
| Credit and other charges | 8,279 | 4,241 |
| Fines and penalties | 1,505 | - |
| Development costs | 423 | 423 |
| Freehold property | 9,679 | 4,874 |
| Computer equipment | 836 | 1,004 |
| 72,847 | 42,979 | |
| Information technology | ||
| Computer Expenses | 1,505 | 748 |
| Human resources | ||
| Training | 234 | 2,940 |
| Total resources expended | 577,291 | 657,631 |
| Net expenditure | (163,203) | (75,485) |
This page does not form part of the statutory financial statements
Page 22