```
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
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