REGISTERED CHARITY NUMBER: 1173321
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Wisbech Theatre Trust
Stephenson Smart (East Anglia) Limited
2 The Crescent
Wisbech
Cambridgeshire
PE13 1EH
Wisbech Theatre Trust
Contents of the Financial Statements
for the Year Ended 31 March 2022
|
Page |
Reference and Administrative Details |
1 |
Trustees' Report |
2 to 5 |
Independent Examiner's Report |
6 |
Statement of Financial Activities |
7 |
Statement of Financial Position |
8 to 9 |
Statement of Cash Flows |
10 |
Notes to the Statement of Cash Flows |
11 |
Notes to the Financial Statements |
12 to 23 |
Detailed Statement of Financial Activities |
24 to 25 |
Wisbech Theatre Trust
Reference and Administrative Details for the Year Ended 31 March 2022
Trustees |
Mr K S N Shippey |
|
Mr M Peploe |
|
Mr R M J Williams, Treasurer |
|
Mr J C Salmon |
|
Mr A J Cooper, Secretary |
|
MRs A Nixon, Chairman |
|
Mrs L O'Connor (appointed 1.4.2022) |
|
Mr J P Connolly (appointed 1.4.2022) |
Principal address |
The Angles Theatre |
|
Alexandra Road |
|
Wisbech |
|
Cambridgeshire |
|
PE13 1HQ |
Registered charity number |
1173321 |
Independent examiner |
Stephenson Smart (East Anglia) Limited |
|
2 The Crescent |
|
Wisbech |
|
Cambridgeshire |
|
PE13 1EH |
Solicitors |
Fraser Dawbarns LLP |
|
1-3 York Row |
|
Wisbech |
|
Cambridgeshire |
|
PE13 1EA |
Website |
www.anglestheatre.co.uk |
1
Trustees' Report
for the Year Ended 31 March 2022
Wisbech Theatre Trust
Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2022. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
Policies and objectives
The Charity exists to foster and promote:-
a) the maintenance, improvement and development of the Angles Theatre in Wisbech;
b) the knowledge, understanding and appreciation of the arts amongst the inhabitants of Wisbech and its environs.
Activities for achieving objectives
Thetheatreproducesanannualpantomime,variousmusicalsandplaysaimedatboththeyouthandadult market
and puts on a varietyof professionalperformancesthroughoutthe year.It hires its facilitiesto otherlocalgroups and
adanceschool.Italsorunstermlyclassesthroughitseducationalsubsidiary,SchoolofPerformingArtsLtd, and
annual summer workshops for its youth membership.
Grant making policy
TheCharitymakesgrantsoutofitsrestrictedincomefundforitssubsidiaryundertaking,TheWisbechSchool of
Performing Arts Ltd, which runs educational courses. It makes no other grants.
Achievement and performance
Review of activities
DuetoCOVID-19,thetheatreremainedcloseduntilSeptember2021.Duringthattime,workscontinuedonthe site
including replacement of auditorium seating, new flooring, refurbished gents toilets and dressing room areas.
InApril2021,thetheatrereceivedfundingthroughtheGovernmentsCulturalRecoveryFund(£30,000),which along
with the continuedsupportof local charitiesand Wisbech Town Council,ensured the theatrewould be able to reopen
in September of that year.
InpersonclassesresumedfromSeptemberandworkbeganrebuildingnumbers.InSeptember2021,TheKaty Lilley
SchoolofDancemergedwithTheWisbechSchoolofPerformingArts,meaningboththeatreanddanceare now
offered under the same umbrella.
UponreopeninginSeptember2021,performancesresumedwithproductionsofEducatingRita,ShrekThe Musical,
WaitingForGodandthepantomimeDickWhittington.Unfortunately,duetoCOVIDcaseswithinthecompany, we
reducedthenumberofperformancesofthepantomimefrom20to11.Atthestartof2022sawthereturnof adult
pantomime, this year for an extended run.
Financial review
Financial and risk management objectives and policies
ThetrusteesuseQuickBooksaccountingsoftwareandSageforecastingsoftwaretogenerateregularreports and
provide an up to date statement as to the financial position of the trust at any one time.
2
Wisbech Theatre Trust
Trustees' Report for the Year Ended 31 March 2022
Financial review
Principal risks and uncertainties
ThetrusteesarecontinuingtoreviewalloftheCharity'soperationsanddevelopingastrategicplantosetout the
major opportunities available to the Charity and the risks to which it is exposed.
As part of this process, the trustees are reviewing the risk management strategy which comprises:
an annual review of the risks which the Charity may face;
- the establishment of systems and procedures to mitigate those risks identified in the plan;
-theimplementationofproceduresdesignedtominimiseanypotentialimpactontheCharityshouldanyof these
risks materialise.
The trustees have identified certain major risks as follows:
- extension of Covid-19 restrictions which would delay the planned reopening of the Theatre.
- the reduction in local government support to the Charity, currently £1,000 from Wisbech Town Council.
the reduction in donations from a local Charity, currently £1,666 per month.
TheCharityconsidersthatthemosteffectivewaytomitigatetheserisksistoreducecoststoanabsolute minimum
but not at the risk of comprisingthe provisionof a qualityfacilityto our customers,to grow the number of students in
oureducationalsubsidiarycompanyTheWisbechSchoolofPerformingArtsLtdandtoearnestlyseekfunding and
grants to maintain and improve our facilities.
Reserves policy
ThetrusteeshaveexaminedtheCharity'srequirementsforreservesinthelightofthemainriskstothe organisation
andhavetakenstepstosubstantiallyreduceexpenditureintheshorttomediumtermtoturntheCharity's net
currentliabilitiesintonetcurrentassets.Oncethishasbeenachieved,thetrusteeswilllookatthelevelof reserves
needed to run the Charity year on year.
Going concern
Aftermakingappropriateenquiries,thetrusteeshaveareasonableexpectationthattheCharityhas adequate
resourcesto continuein operationalexistencefor the foreseeablefuture.For thisreason,theycontinueto adopt the
going concern basis in preparing the financial statements.
3
Wisbech Theatre Trust
Trustees' Report for the Year Ended 31 March 2022
Future plans
The trustees plans in the next year to:-
a) Undergo capital works to improve the customer experience
b) Oncereopen,rebuildouraudienceprofileandnumbersby more targetedmarketingincludingthe installationof a
modern automated Box Office system, allowing analysis of reports more effectively, following reopening.
c) Enlist the support of professional organisations to increase our donations and charitable income.
d) Expand further the quantity and variety of in house productions by introducing additional experienced directors.
e) Audit the board's skill set and use the results to further improve the board's skill mix and efficiency.
f) Explore further partnerships with the community.
g) Maintainthe level of reserves to mitigatethe relianceupon voluntarydonationsto the Charity,to enable it to meet
its obligations and to expand the activities it undertakes in the Wisbech area.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Charity constitution
TheWisbechTheatreTrustisconstitutedbyadeedoftrustdated10thMay2017forthepurposeoffostering and
promoting the performance arts in Wisbech and the surrounding area.
There have been no changes in the objectives since the last annual report.
Policies adopted for the induction and training of trustees
NewTrusteesmeetwiththecurrentboardandaregivencopiesofthelastfinancialstatements,constitution and
budgets
Organisational structure and decision making
A board of trustees of up to twelve members, who meet monthly, to administer the Charity.
The boardof trusteesis appointedby the members of the WisbechTheatreTrustat each AnnualGeneralMeeting. Of
theboardsoappointed,halfretireeachyearandareeligibleforre-appointment,thosemembersretiring having
servedthelongesttimeinoffice.Additionally,theBoardmayitselfappointmemberstofillanycasualvacancyit has
and these members offer themselves for re-election at the Annual General Meeting following their appointment.
The trustees' have had due regard to the guidance published by the Charity Commission on Public Benefit
Related parties
The Charity has one related party, its educational subsidiary The Wisbech School of Performing Arts Ltd .
Principal activities
TheprincipalactivitiesoftheCharityarethefurtheranceofacommunityinvolvementintheperforming, technical
and creative arts and the production of theatrical shows and hire of its facilities in furtherance of its objectives.
4
Trustees' Report
for the Year Ended 31 March 2022
Wisbech Theatre Trust
Statement of trustees' responsibilities
ThetrusteesareresponsibleforpreparingtheTrustees'Reportandthefinancialstatementsinaccordance with
applicablelawandUnitedKingdomAccountingStandards(UnitedKingdomGenerallyAcceptedAccounting Practice)
includingFinancialReportingStandard102"TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland"
ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(Accountsand Reports)
Regulations2008andtheprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsfor each
financialyearwhichgiveatrueandfairviewofthestateofaffairsofthecharityandoftheincomingresources and
applicationofresources,includingtheincomeandexpenditure,ofthecharityforthatperiod.Inpreparing those
financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
time the financialpositionof the charityandto enablethem to ensurethatthe financialstatementscomplywith the
CharitiesAct 2011, the Charity(Accountsand Reports)Regulations2008 and the provisionsof the trust deed. They are
alsoresponsibleforsafeguardingtheassetsofthecharityandhencefortakingreasonablestepsforthe prevention
and detection of fraud and other irregularities.
Approved by order of the board of trustees on 31 January 2023 and signed on its behalf by:
Mr R M J Williams, Treasurer - Trustee
5
Independent Examiner's Report to the Trustees of
Wisbech Theatre Trust
Independent examiner's report to the trustees of Wisbech Theatre Trust
IreporttothecharitytrusteesonmyexaminationoftheaccountsofWisbechTheatreTrust(theTrust)forthe year
ended 31 March 2022.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatnomaterialmattershavecometomy attentioninconnection with
the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Christopher Goad BFP FCA
ICAEW
Stephenson Smart (East Anglia) Limited
2 The Crescent
Wisbech
Cambridgeshire
PE13 1EH
31 January 2023
6
Wisbech Theatre Trust
Statement of Financial Activities for the Year Ended 31 March 2022
Unrestricted
Restricted
fund
funds
Notes
£
£
Income and endowments from
Donations and legacies
2
65,513
33,550
Charitable activities
Refreshment sales
15,831
-
Other premises hire
6,241
-
Equipment hire
1,667
-
Amateur performance costs
29,480
-
Other
995
-
Other trading activities
3
-
-
Investment income
4
2
2
Total
119,729
33,552
Expenditure on
Charitable activities
5
Support costs
70,663
-
Professional performances
(296)
-
General theatre expenses
9,266
-
Refreshment sales
12,345
-
Other premises hire
23
-
Equipment hire
2,195
-
Amateur performance costs
25,533
-
Governance costs
4,560
-
Unrecovered VAT
13,187
-
Total
137,476
-
NET INCOME/(EXPENDITURE)
(17,747)
33,552
Transfers between funds
17
31,001
(31,001)
Net movement in funds
13,254
2,551
Reconciliation of funds
Total funds brought forward
69,288
9,927
Total funds carried forward
82,542
12,478 |
31.3.22
Total
funds
£
99,063
15,831
6,241
1,667
29,480
995
-
4
153,281
70,663
(296)
9,266
12,345
23
2,195
25,533
4,560
13,187
137,476
15,805
-
15,805
79,215
95,020 |
31.3.21
Total
funds
£
184,319
182
-
-
-
-
103
9 |
|
|
184,613 |
|
|
75,635
-
23,784
3,146
28
-
6,542
33,610
13,298 |
|
|
156,043 |
|
|
28,570
- |
|
|
28,570
50,645 |
|
|
79,215 |
The notes form part of these financial statements
7
Wisbech Theatre Trust
Statement of Financial Position 31 March 2022
Unrestricted
Restricted
fund
funds
Notes
£
£
Fixed assets
Tangible assets
10
86,894
-
Investments
11
1
-
86,895
-
Current assets
Stocks
12
17,998
-
Debtors
13
18,049
-
Cash at bank and in hand
41,361
12,478
77,408
12,478
Creditors
Amounts falling due within one year
14
(58,925)
-
Net current assets
18,483
12,478
Total assets less current liabilities
105,378
12,478
Creditors
Amounts falling due after more than one year
15
(22,836)
-
NET ASSETS
82,542
12,478 |
31.3.22
Total
funds
£
86,894
1
86,895
17,998
18,049
53,839
89,886
(58,925)
30,961
117,856
(22,836)
95,020 |
31.3.21
Total
funds
£
48,354
1 |
|
|
48,355
12,478
34,034
33,775 |
|
|
80,287
(17,878) |
|
|
62,409 |
|
|
110,764
(31,549) |
|
|
79,215 |
The notes form part of these financial statements
8
Wisbech Theatre Trust
Statement of Financial Position - continued
31 March 2022
Funds
17
Unrestricted funds
Restricted funds
Total funds |
82,542
12,478
95,020 |
69,288
9,927 |
|
|
79,215 |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon31January2023 and
were signed on its behalf by:
Mr R M J Williams, Treasurer - Trustee
Mr J C Salmon - Trustee
The notes form part of these financial statements
9
Wisbech Theatre Trust
Statement of Cash Flows for the Year Ended 31 March 2022
Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash provided by financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period |
31.3.22
£
68,858
(111)
68,747
(51,848)
4
(51,844)
8,041
(4,880)
3,161
20,064
33,775
53,839 |
31.3.21
£
1,086
(1,834)
(748)
(10,841)
9
(10,832)
35,716
(7,407)
28,309
16,729
17,046
33,775 |
|
|
|
The notes form part of these financial statements
10
Wisbech Theatre Trust
Notes to the Statement of Cash Flows for the Year Ended 31 March 2022
1. Reconciliation of net income to net cash flow from operating activities
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
Interest paid
Increase in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operations |
31.3.22
£
15,805
13,105
203
(4)
111
(5,520)
15,985
29,173
68,858 |
31.3.21
£
28,570
8,766
-
(9)
1,834
(401)
(19,925)
(17,749)
1,086 |
|
|
|
2. Analysis of changes in net (debt)/funds
At 1.4.21
Cash flow
At
£
£
Net cash
Cash at bank and in hand
33,775
20,064
33,775
20,064
Debt
Debts falling due within 1 year
(5,167)
(11,874)
Debts falling due after 1 year
(31,549)
8,713
(36,716)
(3,161)
Total
(2,941)
16,903 |
31.3.22
£
53,839
53,839
(17,041)
(22,836)
(39,877)
13,962 |
|
|
The notes form part of these financial statements
11
Wisbech Theatre Trust
Notes to the Financial Statements
for the Year Ended 31 March 2022
1. Accounting policies
Basis of preparing the financial statements
The financialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CharitiesAct 2011. The financialstatementshave been preparedunder the historicalcost convention,with the
exception of investments which are included at market value.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probablethat the income will be received and the amountcan be measuredreliably.The following specific
policies are applied to particular categories of income:
-incomefromdonationsorgrantsisrecognisedwhenthereisevidenceofentitlementtothegift,receipt is
probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- incomefromdonatedgoodsismeasuredatthefairvalueofthegoodsunlessthisisimpracticalto measure
reliably,inwhichcasethevalueis derivedfromthecosttothedonorortheestimatedresalevalue. Donated
facilitiesandservicesarerecognisedintheaccountswhenreceivedifthevaluecanbereliablymeasured. No
amounts are included for the contribution of general volunteers.
- income from contractsfor the supplyof services is recognisedwith the delivery of the contractedservice. This
isclassifiedasunrestrictedfundsunlessthereisacontractualrequirementforittobespentona particular
purpose and returned if unspent, in which case it may be regarded as restricted.
-duetotheCovid-19pandemicandtheclosureofbusinessesunderUKGovernmentlegislation,the Charity
utilisedthe furloughscheme wherebythe Governmentcontributedtowardsthe wage costs of the Charity. The
amountsreceivedarereportedundergrantincomeinthefinancialstatements.The incomeis reportedin the
period that the relief relates.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
Fixtures and fittings
- 20% on reducing balance
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow moving items.
12
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
Wisbech Theatre Trust
1. Accounting policies - continued
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Group accounts
GroupaccountshavenotbeenpreparedbecausetheCharity,asasmallreportingentity,isexemptfrom the
requirementto prepare such accountsunder FinancialReportingStandardapplicablein the UK and Republic of
Ireland (FRS 102) (effective 1 January 2019).
2. Donations and legacies
3.
Donations and legacies |
|
|
Donations
Grants receivable
Subscriptions
HMRC Furlough
Grants received, included in the above, are as follows:
Other grants
Other trading activities
Fundraising events |
31.3.22
£
55,132
42,667
1,264
-
99,063
31.3.22
£
42,667
31.3.22
£
- |
31.3.21
£
32,045
149,708
588
1,978 |
|
|
184,319 |
|
|
31.3.21
£
149,708 |
|
|
31.3.21
£
103 |
13
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
Wisbech Theatre Trust
4.
Investment income
Deposit account interest
5.
Charitable activities costs
Support costs
Professional performances
General theatre expenses
Refreshment sales
Other premises hire
Equipment hire
Amateur performance costs
Governance costs
Unrecovered VAT
6.
Support costs
Management
£
Support costs
68,816
Governance costs
-
Unrecovered VAT
13,187
82,003 |
|
31.3.22
£
4
Support
Direct
costs (see
Costs
note 6)
£
£
-
70,663
(296)
-
9,266
-
12,345
-
23
-
2,195
-
25,533
-
-
4,560
-
13,187
49,066
88,410
Governance
Finance
costs
£
£
1,847
-
-
4,560
-
-
1,847
4,560 |
31.3.21
£
9
Totals
£
70,663
(296)
9,266
12,345
23
2,195
25,533
4,560
13,187
137,476
Totals
£
70,663
4,560
13,187
88,410 |
|
|
|
|
|
|
|
|
14
Wisbech Theatre Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. Support costs - continued
Support costs, included in the above, are as follows:
Wages
Rent
Water
Light and heat
Repairs and renewals
Insurance
Advertising
Health and safety
Office and box office costs
Cleaning
Sundries
Unrecovered VAT
Motor and travel costs
Depreciation of tangible
and heritage assets
Loss on sale of tangible
fixed assets
Interest payable and similar
charges
Bank charges
Accountancy fees
Legal and other
professional
Independent exam fees
Trustee insurance |
Support
Governance
Unrecovered
costs
costs
VAT
£
£
£
4,988
-
-
2,400
-
-
926
-
-
7,878
-
-
9,755
-
-
7,183
-
-
4,985
-
-
1,124
-
-
12,569
-
-
2,712
-
-
1,100
-
-
-
-
13,187
427
-
-
12,455
-
-
203
-
-
111
-
-
1,847
-
-
-
950
-
-
100
-
-
3,150
-
-
360
-
70,663
4,560
13,187 |
31.3.22
Total
activities
£
4,988
2,400
926
7,878
9,755
7,183
4,985
1,124
12,569
2,712
1,100
13,187
427
12,455
203
111
1,847
950
100
3,150
360
88,410 |
31.3.21
Total
activities
£
5,307
600
766
3,832
10,261
6,119
11,976
8,242
9,696
4,797
3,984
13,298
-
7,953
-
1,834
268
450
30,550
2,250
360 |
|
|
|
122,543 |
7. Trustees' remuneration and benefits
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norforthe year
ended 31 March 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended
31 March 2021.
15
Wisbech Theatre Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
8.
Staff costs
31.3.22
£
Wages and salaries
4,988
4,988
The average monthly number of employees during the year was as follows:
31.3.22
Technician
1
Bar
1
2
No employees received emoluments in excess of £60,000.
9.
Comparatives for the statement of financial activities
Unrestricted
Restricted
fund
funds
£
£
Income and endowments from
Donations and legacies
183,718
601
Charitable activities
Refreshment sales
182
-
Other trading activities
103
-
Investment income
2
7
Total
184,005
608
Expenditure on
Charitable activities
Support costs
70,722
4,913
General theatre expenses
5,924
17,860
Refreshment sales
3,146
-
Other premises hire
28
-
Amateur performance costs
6,542
-
Governance costs
33,160
450
Unrecovered VAT
13,298
-
Total
132,820
23,223
NET INCOME/(EXPENDITURE)
51,185
(22,615)
Transfers between funds
(16,769)
16,769
Net movement in funds
34,416
(5,846) |
31.3.21
£
5,307
5,307
31.3.21
1
1
2
Total
funds
£
184,319
182
103
9 |
|
184,613 |
|
75,635
23,784
3,146
28
6,542
33,610
13,298 |
|
156,043 |
|
28,570
- |
|
28,570 |
16
Wisbech Theatre Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. |
Comparatives for the statement of financial activities - continued |
Comparatives for the statement of financial activities - continued |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
fund |
funds |
funds |
|
|
|
£ |
£ |
|
£ |
|
Reconciliation of funds |
|
|
|
|
|
Total funds brought forward |
34,872 |
15,773 |
50,645 |
|
|
Total funds carried forward |
69,288 |
9,927 |
79,215 |
|
10. |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixtures |
|
|
|
|
|
and |
|
|
|
|
|
fittings |
|
|
|
|
|
£ |
|
|
Cost |
|
|
|
|
|
At 1 April 2021 |
|
|
67,609 |
|
|
Additions |
|
|
51,848 |
|
|
Disposals |
|
|
(316) |
|
|
At 31 March 2022 |
|
|
119,141 |
|
|
Depreciation |
|
|
|
|
|
At 1 April 2021 |
|
|
19,255 |
|
|
Charge for year |
|
|
13,105 |
|
|
Eliminated on disposal |
|
|
(113) |
|
|
At 31 March 2022 |
|
|
32,247 |
|
|
Net book value |
|
|
|
|
|
At 31 March 2022 |
|
|
86,894 |
|
|
At 31 March 2021 |
|
|
48,354 |
|
11. |
Fixed asset investments |
|
|
|
|
|
|
|
|
Shares in |
|
|
|
|
|
group |
|
|
|
|
|
undertakings |
|
|
|
|
|
£ |
|
|
Market value |
|
|
|
|
|
At 1 April 2021 and 31 March 2022 |
|
|
1 |
|
|
Net book value |
|
|
|
|
|
At 31 March 2022 |
|
|
1 |
|
|
At 31 March 2021 |
|
|
1 |
|
There were no investment assets outside the UK.
17
Wisbech Theatre Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12.
Stocks
Stocks
13.
Debtors: amounts falling due within one year
Trade debtors
Other debtors
Amounts owed by group
undertakings
VAT
Prepayments and accrued income
14.
Creditors: amounts falling due within one year
Bank loans and overdrafts (see note 16)
Trade creditors
Taxation and social security
Other creditors
15.
Creditors: amounts falling due after more than one year
Bank loans (see note 16)
Other creditors |
31.3.22
£
17,998
31.3.22
£
1,220
-
4,177
2,113
10,539
18,049
31.3.22
£
4,400
30,806
(79)
23,798
58,925
31.3.22
£
22,836
-
22,836 |
31.3.21
£
12,478
31.3.21
£
225
12,800
823
10,146
10,040
34,034
31.3.21
£
-
2,673
(141)
15,346
17,878
31.3.21
£
27,949
3,600
31,549 |
|
|
|
18
Wisbech Theatre Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
16. Loans
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Other loans
Amounts falling between one and two years:
Bank loans
Other loans |
31.3.22
£
4,400
12,641
17,041
22,836
-
22,836 |
31.3.21
£
-
5,167 |
|
|
5,167 |
|
|
27,949
3,600 |
|
|
31,549 |
17. Movement in funds
Net
Transfers
movement
between
At 1.4.21
in funds
funds
At
£
£
£
Unrestricted funds
General fund
69,288
(17,747)
31,001
Restricted funds
Air-conditioning fund
8,286
1
-
Almary Green fund
19
-
-
Robert Hall - Seat safety fund
1,622
2,550
-
Building works fund
-
31,001
(31,001)
9,927
33,552
(31,001)
TOTAL FUNDS
79,215
15,805
- |
31.3.22
£
82,542
8,287
19
4,172
- |
|
12,478 |
|
95,020 |
19
Wisbech Theatre Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
17. Movement in funds - continued
Net movement in funds, included in the above are as follows:
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
|
119,729 |
(137,476) |
(17,747) |
Restricted funds |
|
|
|
|
Air-conditioning fund |
|
1 |
- |
1 |
Robert Hall - Seat safety fund |
|
2,550 |
- |
2,550 |
Building works fund |
|
31,001 |
- |
31,001 |
|
|
33,552 |
- |
33,552 |
TOTAL FUNDS |
|
153,281 |
(137,476) |
15,805 |
Comparatives for movement in funds |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
|
|
At 1.4.20 |
in funds |
funds |
At 31.3.21 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
34,872 |
51,185 |
(16,769) |
69,288 |
Restricted funds |
|
|
|
|
Air-conditioning fund |
8,282 |
4 |
- |
8,286 |
Auditorium seating fund |
5,388 |
602 |
(5,990) |
- |
Almary Green fund |
19 |
- |
- |
19 |
Health and safety fund |
605 |
(605) |
- |
- |
Robert Hall - Seat safety fund |
1,479 |
(22,616) |
22,759 |
1,622 |
|
15,773 |
(22,615) |
16,769 |
9,927 |
TOTAL FUNDS |
50,645 |
28,570 |
- |
79,215 |
20
Wisbech Theatre Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
17. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
184,005 |
(132,820) |
51,185 |
Restricted funds |
|
|
|
Air-conditioning fund |
4 |
- |
4 |
Auditorium seating fund |
602 |
- |
602 |
Health and safety fund |
- |
(605) |
(605) |
Robert Hall - Seat safety fund |
2 |
(22,618) |
(22,616) |
|
608 |
(23,223) |
(22,615) |
TOTAL FUNDS |
184,613 |
(156,043) |
28,570 |
A current year 12 months and prior year 12 months combined position is as follows:
Net
Transfers
movement
between
At 1.4.20
in funds
funds
At
£
£
£
Unrestricted funds
General fund
34,872
33,438
14,232
Restricted funds
Air-conditioning fund
8,282
5
-
Auditorium seating fund
5,388
602
(5,990)
Almary Green fund
19
-
-
Health and safety fund
605
(605)
-
Robert Hall - Seat safety fund
1,479
(20,066)
22,759
Building works fund
-
31,001
(31,001)
15,773
10,937
(14,232)
TOTAL FUNDS
50,645
44,375
- |
31.3.22
£
82,542
8,287
-
19
-
4,172
- |
|
12,478 |
|
95,020 |
21
Wisbech Theatre Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
17. Movement in funds - continued
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedinthe above
are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
303,734 |
(270,296) |
33,438 |
Restricted funds |
|
|
|
Air-conditioning fund |
5 |
- |
5 |
Auditorium seating fund |
602 |
- |
602 |
Health and safety fund |
- |
(605) |
(605) |
Robert Hall - Seat safety fund |
2,552 |
(22,618) |
(20,066) |
Building works fund |
31,001 |
- |
31,001 |
|
34,160 |
(23,223) |
10,937 |
TOTAL FUNDS |
337,894 |
(293,519) |
44,375 |
18. Other financial commitments
At 31 March 2022 the charity had annual commitments under non-cancellable operating leases as follows:
At 31 March 2022 the charity had annual commitments under non-cancellable operating leases as follows: |
At 31 March 2022 the charity had annual commitments under non-cancellable operating leases as follows: |
At 31 March 2022 the charity had annual commitments under non-cancellable operating leases as follows: |
31.3.22
31.3.21 |
|
|
Expiry date: |
£ |
£ |
Between 2 and 5 years |
6,000 |
6,000 |
19. Related party disclosures
DuringtheyearthecharityreceivedincomefromWisbechSchoolofPerformingArtsLtd,a subsidiary,
amountingto £5,752(2021 : £523).At the 31 March2022 the amountowed by WisbechSchoolof Performing
Arts was £4,177 (2021 : £823).
ThecharitypurchasedservicesfromTinFishCreativeCommunicationsLimited,acompanyownedbyMrs A
Nixon,amountingto£5,012(2021:£15,000).Atthe31March2022theamountowedtoTinFish Creative
Communications Limited was £913 (2021 : £Nil).
The charitypurchasedgoodsfrom MP AudioLtd,a companyownedby Mr M Peploe,amountingto £Nil (2021
:£6,473).Atthe31March2022theamountowedtoMPAudioLtdwas£3,600(2021:£7,767)which is
repayable interest free over 12 months.
22
Wisbech Theatre Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
20. Controlling party
The charity has no overall controlling party.
23
Wisbech Theatre Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
Income and endowments
Donations and legacies
Donations
Grants receivable
Subscriptions
HMRC Furlough
Other trading activities
Fundraising events
Investment income
Deposit account interest
Charitable activities
Bar, ice cream and confectionary sales
Facilities hire
Equipment hire
Amateur theatrical performance
Other
Total incoming resources
Expenditure
Charitable activities
Production costs
Repairs and renewals
Sundries
Insurance
Fixtures and fittings
Support costs
Management
Wages
Rent
Carried forward |
31.3.22
£
55,132
42,667
1,264
-
99,063
-
4
15,831
6,241
1,667
29,480
995
54,214
153,281
44,490
3,205
193
528
650
49,066
4,988
2,400
7,388 |
31.3.21
£
32,045
149,708
588
1,978 |
|
|
184,319
103
9
182
-
-
-
- |
|
|
182 |
|
|
184,613
13,650
18,231
806
-
813 |
|
|
33,500
5,307
600
5,907 |
This page does not form part of the statutory financial statements
24
Wisbech Theatre Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
Management
Brought forward
Water
Light and heat
Repairs and renewals
Insurance
Advertising
Health and safety
Office and box office costs
Cleaning
Sundries
Unrecovered VAT
Motor and travel costs
Fixtures and fittings
Loss on sale of tangible fixed assets
Loan
Finance
Bank charges
Governance costs
Accountancy fees
Legal and other professional
Independent exam fees
Trustee insurance
Total resources expended
Net income |
31.3.22
£
7,388
926
7,878
9,755
7,183
4,985
1,124
12,569
2,712
1,100
13,187
427
12,455
203
111
82,003
1,847
950
100
3,150
360
4,560
137,476
15,805 |
31.3.21
£
5,907
766
3,832
10,261
6,119
11,976
8,242
9,696
4,797
3,984
13,298
-
7,953
-
1,834 |
|
|
88,665
268
450
30,550
2,250
360 |
|
|
33,610 |
|
|
156,043 |
|
|
28,570 |
This page does not form part of the statutory financial statements
25