REGISTERED COMPANY NUMBER: 1049211S (England and Wales)
REGISTERED CHARITY NUMBER.. 1174253
Rè
ort trf the Trustees and
Audited Financial Statements for the Year End8d 31 Mareh 2022
THE BARN THEATRE PROJECT
OMPANY LIMITED BY GUARANTEE
Haines Watts BirThingham LLP
5-6 GrÉènfidd Crescent
Edgbaston
Bimingham
Wesl Midlands
B15 3BE

THE BARN THEATRE PROJECT
nts
IOT the
f the Financlal Statements
ear ended 31 March 2022
Page
Reference and Adrninislr31ive Detail¥
Report of the Trustees
Report of the Independent Auditors
Statement of Finandal Activities
Balance Sheet
10
Cash Row Stal￿Dent
Notès tr) tha Cash Flow Statement
12
Notes to the Flnancial Statements
13 to 20

THE BARN THEATRE PROJECT
Reference and Administrative Details
for the
ear ended 31 March 2022
Trustees
I Carfing ICh8ir}
C C3rfing
S Thaekaberry
J Haywaid
M O'Keele
C Woodd
N Hornby & J Manasseh joined the TTusle8 Board after the year end and at the lime ol slgnlng 2
additional potential Trustees are being considered in order to strengthen the concentration on
Fundraising activities. In addition, a new Fundraising Committee is bdng created.
Reglstered office
Springfield House
45 Welsh Back
Bristol
BS14AG
Registered cornpany numbèr
10492115 (England and Wales)
Règistèred eharty number
1174253
Indèpendent audltors
Haines Waits Bimiingham LLP
5-6 Greenlidd Crescent
Edgbaston
Birmingham
West Midlands
B15 3BE
Page 1

THE BARN THEATRE PROJECT
Re
ort of the Trustees
for the
ear ended 31 March
Th8 trustees who are also directors of thè charity for the purposes of the Companies Act 2006, present their report with
the financial statEment5 01 the charty lor the year end￿ 31 March 2022. The trust88s have adopted the provisions of
Accountin9 and Reporting by Charilies.. Statement of Recommended Pr8¢ti¢o app5icable lo charities preparing their
accounts in accordance with the Finanaal Reporting Standard applicable in tha UK and Republic of Ireland IFRS 1021
(effective 1 January 20191.
Objèctivès and aims
Our charity's purptsses as set out In the 0￿.ectS contained in the companys Memorandum of Assoclation are as fdlows:
'The Charity's objects are restricted specificaly. in each case only for the public benefit to promote. maintain. improve
and enhance access to all aspects of professional and amateur performing art and the devglopment of public
appreciation of such art and lo advance public sducation in relation to it."
Significant activities
Our objectives for the year were to build on and consolidate our previous successes. to continue to develop and create
bold and innovative professional theatre in Cirencesler (The Barn Théatre) and to further develop our ski118d teatlls by
tiaining and recruitmenl of young people. This was tempered wth an over-riding commitment lo overcome the many
hurdles created by Comd. not least the necessity lo modify seating ¢apaclty and add screens, as well as repeated
varialions in programme to contintje a5 we came out of the pandemic. This resulted in a 50Yo reduction in seating
capacitylor much of the year.
The strategies we used to meet IhèsÈ objectives included further development, Iralning and recruItm￿t of our
Proxluction, Technical and Artistic Teams and a key Cr￿Centration on steering the financ8s of thè charity with the
welcome help of Governrnent CRF funding (wa Arts Council England). Throughout we strived to continue to offer quality
innovative theatre with new initiatives also including film and streamlng, both on our own and with partners.
Al the dale of signing, we have annoUn￿d yet again a bold full year creative prograrnme- our best yet- for 2023 despite
severe new finanoal headwinds following the Arts Coun¢il s surprisiro decision, despite previous CRF support and
encouragement, lo decline our application for Portfolio Funding. This has caused a fundamental review of our
fundraising actimties and bdd inveslmeril in a new fundraising team and other initiatives designed to dovelop additional
revenue streams. This change of poliw by ACE has affacted many theatre5 throughout the UK.
The Barn, as dways, bdieves In Itself and backs its proven ability lo succeed via ¢onstant innovation, positivity, and
creativity. all delivered by the efforts of ils comrnitted and talènt8d young team under the measured leadership of an
experienced executive and financid manag￿&￿t team.
Publi¢ bÈnèfit
Thè Trustees have due regard to the guidance on public benefit published by the Charities Ccmmission and believe thè
objectives meet this guidance. Our man activities and who we ty to help are described below. All our ¢harit8ble
aCtI￿tIeS focus on furthering our charitatAe purposos for the wblle benefit.
Who used and benÈflted from our seNlces7
The people of Cirencester, the Cotswolds and furiher afield who saw our pgrformancès. The young people who benefitèd
from our Youth and training programmes, and the amateur and community groups vtho benefited from our outreach
programmes. Aso people who saw and used our streaming services and filming skills developed during lockdown.
Page 2

THE BARN THEATRE PROJECT
Re
ort of the Trustees
for the
ear ended 31 March 2022
Strategic report
Financial review
Ticket sales remained depressed during 2021 due to restrictions on number of seats and audience confidence. The
costs of production could not be reduced proportionately and management again did w911 in keeping the overheads at a
manageable level.
Towards the end of the year ti£*et sales recovered substantially due lo the quality and popularity of the productions
staged and the audiences willingness lo re-embraee with theatre following Covid.
Due tr) the effect of Covid during the first part of the year, audience income was seriously restricted. The Charity had to
rdy on grants and donations from local businesses and authorities, induding Govemmenl grants via the Arts cou￿11.
Overall the charity registered a modest surplus for the period of £2.550. This Is an Improvement on the deficit last year of
£8,452 but is still less than the surplus of year ended 31 March 2020 01 £19,333 which was pie-covid. In the
circumstances this is considered a creditable outcome albeit, it would have been impossible without the supp)rt of Arts
Council England. We continue to strive to repay this ¢onfidence in the Barn via tr￿Id cre81ivè programming, cornmilrnent.
and light management.
Unlll mid-November 2022 the Trustees were confident, given previous Government CRF support (via Arts Council
England) and a flourishing reputation despite Covid. of rec￿ving substantia1 support from the Arts Council as a N8lional
Portfolio Organisation, however this was not lo b8, $0 yet again Ihe Barn Theatre is faced with new challenges which we
11 ovgrcom& in our usual innovative and uncompromising approach.
The Founders rx)ntlnu8 to offer actual and contingency support to the Charity during these challenging times.
Investment policy and obièctlves
Aside frorn retaining. whèrè possible, a prudent amount in reserves each year most of the charitl5 funds are to be spent
in the short term so there are currently limited funds available for reserves and long lem investment. Covid has
obviously made thb far more dSfficult.
Reserves pollcy
The Management Committee has exarnined th8 chariils requirements for reserves In light of the main risks to the
oryanisation. Until satisfa¢tory ongoing charitable funding has been obtained this Is not an area that can bè addressed
as concentration has lo be on funding CUTrenl opgrations and aims.
Future plans
The Charity plans to continue and devdop its activities in the foth¢oming years subject lo salisfaclory funding
arrangements. The Trustees condnue to look at CO¥operalive arrangements wth commeraal producers in order lo
capitalise on the future life of its crèations. Much effort is also being expended on developing the sales footprint of the
Theatre outside its imm&li*e a￿0 where its traction is good.
The Calendar Year 2022 Progr8mtne has been the best yet both financially and ¢ritically. Ticket sales in the ¢urr8nt year
are up substantially ￿ntInuing to consolidate the Barn's popularty and reputatlon ltsr innovative theatre. Othèr thealres
in the region report continuod shortfa115 in ticket sales compared with pre-covid results. This bodes well for the Barn
Theatre and together wlh the new focus on furKJrasing makes the challenge of funding the theatre wilhoul Art$ Centre
England Portfolio support a¢higvable.
structure, governan¢• and managémènt
Governing document
The organisation is a charitable (x)mp8ny limlted by guarantee, incorForaled M 22 November 2016 and r￿jIStered as a
charity on 15 August 2017. The Gompany was established under a Memor8ndum of Assoaation which estsblished the
objects and powers of the charitable company and is governed under its Articles of Association. In the ovent of the
Q￿panY boing wound up members are iequired to contribute an amount not gxceeding £10.
Page 3

THE BARN THEATRE PROJECT
ort of the Trustees
f r the ear ended 31 March 2022
Structure, governance and management
Recruitment and appointment of new trusto•s
The directors ol the company are also charity truslees for the purposes of charty law and under the company's Article5
are known as members ol the Management Committee. Under the requirernenls of the Memorandum and Artides of
Assoaation the manbers of the Management Committee are required to retire by r(>tation. lan Carling and Chrislintr
Carling have so retired and have been unanimously r￿deCI&ll.
All mtsmbor of the Management Committee give their time voluntarily and received no benefits from the charity. Any
expenses reclaimed from the charity are sel out in th8 notes to thè accounts.
Dufy to the nature of the charity. much of the charities work focuses on young people. The Managèment Committee
seeks to ensure that the needs of this group are appropriately reflected in its policies. Young people form a large part of
the Barn Theatre's management and support teams and these highly involved people are d05dy eonsuSted reoarding Ihe
decisions of the Management Team.
Organlsational structure
The Theatre has a Management Committee that is reSponsi￿e for the strategic dire¢tion and pollcy of the charity. At the
date of slgning the Commlttee has been enhanced by 2 more members with others under consideration having due
regard to itnprove diversity as well as bringing in additional fundraising expertise and experience to the wide variety of
professional backgrounds al￿adY on the committee.
A scheme of delegation is in place and day to day responsibility for the provision of the services rest wth the
CEOIArtistic Director and Exe¢utlve Diie¢tor supported by Productiim, Technical, Marketing and Financ&lAdminislralion
staff. Thè CEOIArtistic Director is responsible for ensuring Ihat the charity delivers the services specified and that key
perforrnance indicators are mel in line with good pradce and artistic excellence. He is also responsiblg for diiving the
important n8w fundraising initiativa.
Induction and tralnlng of now trustoas
Trustees are already familiar with the practical work of the charity. Additionally, trustees are invited and encouragèd to
attend meetings to faTniliarise th￿nselVeS wth the charity and the context wthin which it operates. These arelgd by the
Chair ofthe M8nagemenl Committee and ¢ov8T'.
Thè obligations of Managemènt Committee members.
The main documents which sel out the operational framework f¢X the charity Including the Memorandum and
Artides.
Resourcing and the current financ4al pjsilion a5 set out in the18test published accounts.
Future plans and obJ'8¢1ives.
Related parties
The Trustees are satisfied that transadions wlth rèlated parties are on advantageous arm5-length terms and materially
benefit the charity. Independent Trustees ovetsee any such arrangements. All transactions with rdated parties are
disclosed in the notes lo the accounts.
Risk management
The Management C<Knmitt8e has conducted a revlew of the major risks to which the charity is exposed. A risk T￿ister is
established and will be updated * least 8nnu8lly. Whèrè appropriate. systems or procedures have been established to
mitigate the risks the charity faces.
Significant ext¥nal risks to st*utory fundlng have led to the development of a strategic pl8n which will allow the
Management Committee to Concentrate on developing donafjons from Trusts and Foundalions, individuals and
businesses in addition to other plans to diversify funding and activities. Internal control risks are minimised by the
implementatK)n of procedures for authorisation of all transactions and projects.
Procedures are in place to ensure compliance ￿1th health and safety of Staff, vdunteers. clients and visf(ors to the
theatre.
Statamènt of trusteès. r•sponslbllltlès
The trust8es (who are also th8 dir8Ctor5 of Th8 Barn Theatre Project for the purposes of ￿MpanY lawl are responsible
for preparing the Report of the Trustees and the financial staternents in accordance with applicable law and United
Kingdom Accounting Standards (unit￿ lthngdom Generally Accepted Accounting F￿aCtiCe1.
Page 4

THE BARN THEATRE PROJECT
Re
rt of the Tnjstees
or the
ear ended 31 M8reh 2022
Statement of trustees, responslbllltlès - contlnued
Company law requires the trustees to prepare financial slalements for each financial year whlch give a true and fair wew
of the state of affairs of the charitable company and of th8 incoming resources and application ol resources, including the
income and expenditure. of the oharitsble Gomp8ny for that period. In preparing those financial statements, the trustees
are required to
select suitable accounting policies and then apply them con$islenlly,'
observe the methods and princi￿e$ in the Charity SORP.,
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless il is inappropriate to FY&sume that the charitable
company wi15 ci)ntinue in business.
The trustees are responsible for keeping proper accounling records which disclose tsrith reasonable accuracy al any lime
the financial position of the charitable company and to enable them to en$ure that the financial statements cJ)mply wlh
the Companies Act 2006. They are also respOnsi￿e for safeguarding the assets ol the charitable company and hence li*
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
there is no relevant audit infomiation of which the charitable companys auditors are unaware., and
the trustees have taken all steps that they ought to have tsken lo Make themselves aware of any relevant audf(
information aTrJ to establish that the auditors are aware of that information.
Auditors
The auditors, Haines Watts Bimiingham LLP, we're aFpoinled during the year and wll ba proposed for re-appointment at
the forthcoming Annual General Meeting.
Report of thè trustee
directors. on
incorporating a stratagic report, approv￿￿ by order of the board of trustees, as thè company
-2-.}-.-............... arKJ signed on the board's behajf by..
Page 5

Re
ort of the Inde
ndent Auditors to the Members of
The Barn Theatre Pro
ect
Opinion
We have audited the financial siatements of The Barn Theatre Project Ith8 'charitable companll for the year ended
31 March 2022 which comprise the Statement of Financial ktivities, the Bala￿e Sheet. the Cash Flow Sl8temÉnt and
notes to the financial statements, induding a summary of signthcanl a¢¢ounting pclicies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Pra¢U¢el-
In our opinion the finèneial *at¢m¢nl$-
give a true and faSr wew of thè state ol the charitable company's affairs as al 31 March 2022 and of its incoming
resources and application of resources. including ils income and expenditure. for the year then ended..
have been properly prepared in accordance wth United Kingdorn Gen8r8lly Aeeepted Accounting Practice; and
havè been prepared in accordancè with thè requirements of the Companies Act 2006.
Basis for opinlon
We conducted our aLkYrt in accordance with International Standards on Audthng IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Audltors, responsibilities for the audit ol the financial
statements section of our reporL We arg ind8p8ndènt trl the charitable company in accordance with the ethical
requirements that are relevant lo our audit ot the financlal statements in the UK, including the FRC'S Ethical Standard,
and wo hav& fulfilled our other elhi¢al responslbllitlès In accordance with these requiTernenls. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial ststements, we have eonduded that the trustees. use of the gosng con¢ern basis of accounting in
Ihe preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any materi81 uncèrtainties rdating lo events or conditions
that, individually or collectively. may cast Signifi￿nt doubt on the charitable company's ability lo continue 8$ a going
concem for a period of at least twelve months from when the finanaal slalemenls aré aLJthorisÉd for issue.
Our responsibilities and the responsbilities Df the trustees with respect to going ¢oncern are described in the relevant
sections of this report.
other infomiation
The Iruslees are responsible for the other infomialion. The other infomation comprises the information included in the
Annual Report. other than the financial slalements and our Report of the Independent Auditors Ihereon.
Our opinion on the financial statements does not cover the other information and, except lo the e)rtent otherwise explicitly
stat&J in Dur report. we do not express any form of assurance condusion theretrn.
In connection wrth our audrt of the financial statements, our responsibility Is lo read the other infomiation and, in doing
so. consider whether the other infomiation is materially incon51slent with the finanrial statements or our knowledge
obtained in the audit or otherwise appears to be maleTially misstated. If we identify such material inconsisten¢ies or
apparent material misstalwnents, we are required to dotemine whether this gives rise to a materid misstatemont in the
rinancial ststernent5 themselves. If, based on the work we have perfomed, we condude that there Is a material
misstatement of this other information, we are required io report that fa¢t. Wè have nothing to report in this regard.
Opinions on other mattèrs près¢rib¢d by the Companles Act 2006
In our opinion, based on the work unclertaken in the course of the audit-
the information given in the Report of the Trustees for the financial year for which the financial statements are
prepar8d is consistent with the fin8nc481 *atements,' and
the Report of the Truste8s has been prepared in accordance with applicable legal requirements.
Matter5 on which we are required to report by exception
In the light of the knowledge and Ljnderstanding of the charitable company its environment obtained in the course of
tho audit, we have not identified m*erial misstatements in the Report of the Trustees.
We have nothing to report in respect of the followng matters where the Companies Act 2006 reqUI￿S us to report to you
if, in our opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been received from
branches not visited by us., or
the financial statements are not in 8greement wth the accountlng records and returns,. or
certain disclosures of tru¥tees' rernuneration speclfied by law are not made., or
W9 have not rèceivgd 811 the informab.on and explanations w& raquire for our audit.
Page 6

Rè
ort of the Inde
ndenl Auditors to the M
The Barn Theatre Pro
ert
Responsibilities of trustee$
As expl8in8d more fully in the Statwnenl of Trustees. Responslbillties. the trustees (who are also the directors of thè
charitable company for the purposes of company lawl are responsible lor the pr8paration ol the financial statements and
for being satisfied th8t they giv8 a Inje and fair view, and for such internal control as the trustees detemine is necessary
to enablè th& preparats.on of fin8nual statements that are free from material misStateM￿t, whether due to fraud or error.
In preparing the linanclal stalemenls. the trustees ar& responsible for assessing the charitsble companls ability to
continue as a going conceTn. disdosing, as applicable, matters related to going concern and using the golng concern
basis of accounting unless the trustees either intend lo liquidate the charitable company or lo ¢easg opèrations, or have
no realistic aK8rnativè but to do $0.
Our responsibi1Stl?s for the audit of the financial stat¢m¢nt$
Our objectives are to obtain reasonable assurance about whether th8 financial statements as a whole are free from
material misstatement, whether due to fraud or err￿. and lo issue 8 Report of the Independent Auditors that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guaianlee that an audit conducted in
accordance with ISAS IUK} will always delecl 8 rnaleri81 misststement when It exists. Misstatements can 8rise from fraud
or èrror and ara considered material if, individually or In the aggregale, they could reasonably be expected to infiuen
the economic decisions of users taken on the basis ol these financial statements.
The eXt￿t to which our pro￿ureS are capable of detecting irregularities, including fraud is detailed below..
Irregularitie5, including fraud, are instances of non-compliance with laws and regulations. We design procedures in lire
with our responsibilities, outlined above, lo delecl rnaleri81 misslalements in respect of irregularities, inclu(fjng fraud. The
extent lo which our procedures are capa￿8 of detecting irregularillos, induding fraLJd is delailed below..
W8 obtained an understanding of the legal and regul*ory framework applicable to both the CharIta￿e company itself arKI
the sector in which it operates. We identified areas of laws and regulation5 th* could r8asonably be expected lo have a
material effect on the finanaal statements from our sector experience and through discLJssion wilh the trustees and other
management. The most significant were identified as he Companies Act 2006. tha Charities Act 2011 and the Charitie5
SORP IFRS1021.
We considered the extent of compliance with those laws and regul*ions as part of our procedures on the related
financial statements. Our audit prO￿dureS included..
making enquirie5 of management as lo where they Congder there to be a susceptibility ID fraud and wh&ther
they have any knowledge or suspicion of fraud,-
obtaining an understanding of the internal controls established lo mitigate risk rdated to fraud or
non-compliance with laws and regulations.,
assessing tre design effectiveness of the controls in plac8 tts prwènt and detect fraLYJ',
assessing the risk of management overridè including identifying and testing joumal entries-,
challenging the assumptions and judgements made by management in its significant acctsunling ostimatas.
Whilst our audr( did not identfy any ggnificant matters relating to the dètection of irregularlfjes Including fraud, and
despite the audit being planned and ¢onduetÉd in accordance with ISAS {UKI, there remains an unavoidabl8 risk that
material misstatements in the financial statements may not be detected owing to inherent limitations of the audit. and that
by their very nature. any such instanc&s of fraud or irregularity would likely involve ¢cAlusion, forggry, intantional
misrepresentations. or the override of intemal controls."
A further description of our responsibililies for the audit of the finawial slalemenls 15 located on the Finanaal Reporting
Council's websrte at ww.froorg.uklauditorsresponsibilities. This description fomis part of our Réport of the Independent
Auditors.
Other matters
The fironcial statements of the Charily for Ihe year ended 31 March 2021 were unaudited.
Page 7

Re
the Inde
endent Auditors to the Members
The Barn Theatre Pro
ecl
Use of our report
This report is made solely to the charitable company's mwnb&rs, as a body, in accordance wth Chapter 3 of Part 16 of
the Companies Act 2006. Our audlt work has been undertaken so that we might state to the charitable companls
members those matters we are requir￿ to state to th￿n in an auditors, report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and thè
charitable cotnpany's members as a btsdy. tyjr audit work, lor this report, orfor the opinions we have formed.
Andrew Hughes FCA Isenior Slalutory Audilul
for and on behalf of Haines Watts Birmingham LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
West Midlands
B1538E
30-01-2023
Date..
Page 8

THE BARN THEATRE PROJECT
Statement of Financial Aclivtties
for the
ear ended 31 March 2022
2022
Unrestricted
funds
2021
Total
funds
Notes
Incomè and èndowm&nts Irom
Donations and legacies
751,832
541.322
Charitable activitses - productior
Investment income
372.294
305,068
Total
1124133
846.390
Expendlture on
Fund raising costs
54.050
42.581
Charitable activit￿$
Charitable activities overheads
Charitable activities - proJuction5
163,579
903 954
152,205
660.056
Total
1.121583
854,842
NET INCOMEIIEXPENOITURE)
2,550
18,452)
Reconciliation of funds
Total funds brought forward
47.511
55,963
Total fund5 carried forward
50.061
47.511
Th8 notes fomi part of these financAal stat￿ents
Page 9

THE BARN THEATRE PROJE
Balance Sheet
31 March 2022
2022
Unrestricted
funds
2021
Total
funds
Notes
Fixèd assèts
Tangible assets
Investments
12
13
1,095
2.901
2,095
2,901
Current assets
Debtors
Cash at bank and in hand
14
169,397
49,857
53,860
160.726
219.254
214,586
Creditors
Amounts falling due wlhin one year
15
1171.2881
{169.9761
Net ¢urrent assets
44,610
Total ass•ts lèss currènt Ilabllitlès
50,061
47,511
NET ASSETSIILIABILITIESI
50,061
47.511
Funds
UnreslTiCted funds
16
50.061
47,511
Total funds
50,061
47.511
The finartcial statements were approved by the Board of Trustees and authorised for i55Ug on
and were signed on ils behalf by..
I Carling- Trustee
Tho notes fomi part of these finanaal stat￿ents
Page 10

THE BARN THEATRE PROJE
Cash Row Stat￿ent
ren
1 March 2022
ort
2022
2021
Notes
Cash flows from oper¥tin9 a¢tiviti¥$
Cash gènérated from op8rations
Interest paid
1109,8751
140,618
Net cash (used inllwowded by operating activities
109,876)
140.618
Cash flow$ frorn investing activities
Pur¢hase of18ngible fixed assets
Purchase of fixed asset investments
Interest received
11,8031
11,0001
Nel cash used in Investing activ￿08
1.803
Change in cash and cash equival¢nts in
the reporting period
Cash and cash equivalents at th?
beginning of thè rèporting period
1110.8691
138.815
160,726
21.911
ash and cash equivalents at the end gf
the reporting period
49.857
180.726
The notes forni part of these finanaal slalements
Page11

THE BARN THEATRE PROJECT
Notes to the Cash Flow Stslemen
for the
ear ended 31 March 2022
Reconciliation of net incomellexpenditure) to not ¢a$h flow from op•ratlng activitles
2022
2021
Net incornellexpenditu￿) for the reporting period las per the
statement of Financial Activities)
Adjustm¢nts for=
Depreciation charges
Interest re¢eived
Interest paid
{Increaseydecrease in debtors
Increase in creditors
2,550
{8.452}
1.806
171
2.819
1115.5371
1,312
102.562
43.689
Net cash Iused in}Ipro¥ided by operations
109 8751
140.618
Analysls of changès in nèt funds
At 114121
Cash flow
At 3113122
Nèt cash
Cash at bank and in hand
160,726
110,8691
49.857
160 726
110.869
Total
110,869
The notes form part of these financial stst8m&nts
Page 12

THE BARN THEATRE PROJE
Notes lo the Financial Statements
for the
ear ended 31 March 2022
Accounting policie¥
Basis of preparing the financial statements
The financial statements of the charitable company. whi¢h is a public benefit entity under FRS 102. have been
prepared in accordance with the Charities SORP IFRS 1021 'Aecounting and Reportin9 by Charities.. Statement
of Recommended Practice applicable to charities preparing théir accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Irdand IFRS 1021 leffeclive 1 January 20191,, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the
Companies Act 20C6. The financial slalements have been pr8pared under the historical cost convention, wth the
exception of Investm￿lS which are included at market value.
Golng eonc•rn
The trustees continue to adopt the going concern assumption as the basis of preparation of th8 charity's financlal
statements. In doing so, the trustees confirm they believe that no material uncertainties e￿$t in th8 foreseeable
future regarding the charity's ability to continue as a 90ing concem.
In addition. the charity has the support of Mr I Carfing who has indicated that where required, support wll be
provided to enable the Charity lo meet thelr Ilatj'lities as they fall due and wlll not be ￿thdrawn within 12 monlhs
from th8 date of approval of these finanaal stalements.
Pr8paratlon of Consolidatèd flnanclal statements
The financsal statements contain infomiation about The Barn Theatre Project as an indiiridual charity and do not
contain consolidated financial information as the parent of a group. The charily Is exempl undw Se¢tion 24.13A
of the Charities SORP IFRS 1021 from the requiremen15 to prepare consdidated financial statement5 as the
subsidiary is not material for the purpose of giving a true and fair view.
Income
All incoming resources are indui5èd in the Statement of Financial Activities {SoFAI when the charity is legally
antitled tts the Incomè aftèr any performance condttions have been met, the amount can be measured reliably
and it is probable that the income bMII be received.
FOT donations to be recognised the charity have been nolthed of the amounts and the settlement date In
writing. If there are conditions attached lo the donation and this requires a level of perforrnancè before
tiilement can be obtained then incchne is deferred unb"I those conditions are fully met or the fulfilment of those
conditions is knrithin the Control of Ihe charty and it is probable that they will be fulfilled.
Income from trading activities includes income earned from ftjnthaising events and trading acti￿￿.￿S to raise
funds for the charity. Income is received in exchange for suppl54ng goods and services in order to raise funds and
is recognised when enlillemenl has occurred.
Expenditure
Liabilities are r￿ognIsed as expenditure as soon as there is a legal or constTU¢tive oNigation committing the
charity to that expenditure, it is probable that a transfer of e¢onomlc 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 dassified under headirvJs that aggregate all cost related to the category. Whère costs cannot be
directly attributed to particulw headings they havg been allocated to activitie5 on a basis consistent wth the use
of resources.
Irrecover8ble VAT is charged a3 an expense against the actimty for which expenditure arose.
Allocation and apportionment of costs
Support costs are those that assist the work of the charity but do not directly represent charitable actiwties and
include office costs, governance costs, adrninistrative payroll cosls. They are incurred dir8dy in support of
expenditure on the objects of the charity and indude project management carried out at Headquarters. Where
support costs cannot be dirertly attributéd to pa￿CUlar headings they have b8en allo¢at6d to cost of raising funds
and expenditure on charitable activitiés on a basis consistent with use of the resource5. Premises costs and other
overheads have been allocated as appropriate..
Fund-raising costs are those incurred in seeking voluntary contribution3 and do not include the costs of
disseminating infom8tion in 8UPPOrt of tha d)aritable activities.
The 8ll8lysis of these costs is induded in the notes.
Page13
continued...

THE BARN THEATRE PROJECT
Notes to the Financial Statements- continued
for the
ear ended 31 March 2022
Accounting policie5- Continued
Tangible fixed assets
Depreciation is provided at the following annual rates In or<ler to wrile off each asset over its estimated useful life.
Fi*cures and fittings
Computer equipment
200k on cost
33CA on cost
Taxation
The charity is exempt from C￿oration t8x on ils charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the chaTitable objectives at the discretion of the Iruslees.
Restricted funds can only be used for parbcular restricted purposes wthin the objects of the ¢h8rity. Restrictions
arise when specified by the donor or when funds a￿ raised frlr particular restricted purposes.
Further explanation of the nature and purpose of each fund is Included in the note5 to the finanaal statements.
Investments
Fixed asset investments are a fomi of finan¢i81 instrument and are initially recognised at their transaclion cost
and subsequently measured al lair value * the Balance sheet date. unless fair value cannot be measured
reliably in which case it is measured at cost less impalrmenl. Investment gains and losses, whether realised or
unieallsed, are combined and shown in a separate heading in thè Statement of financial activities.
IntèT•St r•cèivèblè
Intérast on funds hèld on daposit is included when receivable and the amount can be rneasured rdiably by the
company.. this is n¢Jmially upon notffication of the interest paid or payable by the Bank.
Pensions
The company operates a definwj contribution pènsion scheme. The assets of tho scheme are held separately
from th958 ol the company in an independently administered fund. The pension cost charge represents
contrlbutions payable by the company to the fund. Cf employe8s' personal penslon schemes. as appropriatè.
Debtors and creditors receivablelpayabla wlthln one year
Debtors and creditors with no stated intarest rate and receivable or payable within cffta year are recorded at
transaction price. Any losse5 from impaimient are rec£Jgnised in expenditure.
Cash at bank and in hand
Cash at bank and in hand indudes cash and short terin highly liquid Invèstments with a short maturity of thr8e
months or less from the date of acquisibon or opening of the dgposit or similar account.
Donatl¢n$ and l¢ga¢l¢s
2022
2021
Donations
Grants
Donated servlceg and fadlltles
186,308
565,524
168,184
374.174
751832
541,322
Grants re￿iVed, inc1￿18d In the above. are as follows..
2022
2021
Other grants
565.524
374,174
Page 14
continued...

THE BARN THEATRE PROJECT
Notes to the Financial Statements- continued
for the
ear ended 31 March 2022
CharStable aetivlties- productions
2022
2021
Ticket Sal&8
Other incom8
AdvertisirKJ Income
299,321
71,162
1.811
304,851
217
372.294
305.068
Inve$tmttTrt income
2022
2021
Deposit account interest
Fund raising costs
Ra5slng donatlons and l•gacl&s
2022
2021
Fund raising costs
54.050
42.123
other trading activities
2022
2021
Bad debts
Support costs
489
458
Aggregatg amounts
42.581
Charitable aetivitltrs eosts
Support
costs (see
note 71
Direct
Costs
Totals
Charitable aLtivities - overheads
Charitable a¢tivlties - prodLJCtSons
155,776
903,954
7,803
163,579
1059,730
7,803
1,067 533
Page15
continued...

THE BARN THEATRE PROJECT
Notes lo the Financial Statements- continu8d
for the
ear ended 31 MaT
22
Support costs
Governance
cosis
Finance
Totals
Charita￿& activilig5- ov8rh8ads
6.000
7,803
Support costs. Included In the obove. are as follows..
Finance
2022
Charitable
activities
overheads
2021
Totsl
activities
Bank charges
Bank int8rest
1.802
3,556
Gov8rnan¢o costs
2022
Charitable
activities
- overheads
2021
Totsl
activit185
Auditors Remuneration
Independent examlnallon fee
6,000
Net in¢omellexpenditurel
Net incomel{expenditurel is staled after chargingllcreditingl:
2022
2021
Auditors Remuneration
Independent examination fee
Depreciation- owned assets
6,000
1,400
2,819
1,806
Trustoe$' remuneration and benefits
There werè no truste8s' remuneration or other benefits for the year ended 31 Marth 2022 nor for the year ended
31 March 2021.
Tru5tees' expenses
There were no trustees. expense5 paid for the year ènded 31 M8rch 2022 nor for the year ended 31 Mar¢h 2021.
10.
Staff costs
Staff costs were as follows..
2022
2021
Wages and salaries
Social security costs
Other pension costs
335.573
27.966
5,283
164,010
10.914
1,645
368.822
176.569
Page 16
continued...

THE BARN THEATRE PROJECT
Notes lo the Financial Statements- conlnued
for the
ear ended 31 March 2022
qo.
Stsff cost$ - continugd
The average monthly number of employee8 dunno the year as follows=
2022
15
2021
10
Theatre based
No employees received emoluments in èxcess of £60.000.
11.
Comparatives for the statement of financial actlvltlas
Unrestricted
funds
Income and endowments from
Donations and legacies
541.322
Ch8Tilable activities produ¢tions
Totsl
846,390
Expenditure on
Fund raising costs
42.581
Charitable a￿l¥ll1e$
Charitable activities ovèrhèads
Charitable activities pr(￿UCtionS
152,205
660,056
Total
854.842
NET INCOMEIIEXPENDITURE)
{8.452)
Reconciliation ot funds
Told funds bTought f<mrd
55,963
Total fund$ ¢arri•d forward
47,511
12.
Tangible flxad assets
Fixttjres
and
frttings
Computer
equipment
Tol85s
Cost
At 1 April 2021 and 31 March 2022
1.064
8,414
.478
D¢preclation
At 1 April 2021
Charge for year
205
213
6.372
6,577
1.806
Al 31 March 2022
418
8,383
Net book valu•
At 31 March 2022
646
1.095
At 31 March 2021
859
2,042
2.901
Pag& 17
Continued...

THE BARN THEATRE PROJECT
Notes to the Financial Statements-
for the
ear ended 31 March 2022
13.
Fixed asset investments
Shares in
group
undertakings
Market value
Additions
Net book value
At 31 March 2022
At 31 March 2021
There were no investment assets Dutsde the UK.
The cornpany's investments al the b818n¢e sheet date In the share ca￿tal of companies include the followlng..
On 5th May 2021. The Barn Theatre Project acquired fjOOVo shareholding in Barn Theatre Enterprises Limlted at
par value. The net assets at the date of acquisition wer$ £19.409.
Barn Theatre Enterprises Limited
Registered office.. Sprir)gfield House, 45 Welsh Baek, Bristol. United lfjngdom. BS14AG
Nature of business.. Support adivities to performing arts
Class of share..
Ordinary
holding
100
2022
2021
Aggregate capital and reserves
1.000
14.
Dèbtors: amounts falling due withln one year
2022
2021
Trade debtors
Other d6btors
Prepayments
22,373
75,281
71.743
3.549
33,692
16,619
169.397
53.860
15.
Credltors: amounts fallln9 due wtthln one year
2022
2021
Trade creditors
SoGi81 security and other taxes
Other creditors
A¢¢ruals and deferred Income
54,056
7.277
1.153
108802
11.389
5,335
967
152,285
171,288
169.976
Page 18
continued...

THE BARN THEATRE PROJE
th Financial Statements- continu&J
for the ear ended 31 KQarch 2022
15.
reditor$- amounts falling due within one year- continu
DeferTed Income
Released to
Incomlng
resources
Asat1
Aprll 2021
D¢ferred in
the year
Asat31
Mareh 2022
Ticket Sale
Donation
102,802
102,802
150.000
150.0001
Total
150.000
150,0001
102,802
102.802
At the balance sheet dale, the charity was holding funds received in advance for services due to be delivere
after the year end and for which enliuement lo the income is not received until the service is delivered.
18.
Funds
Balance
blf
Incorning
resour¢e$
Resoureès
¢xp•ndèd
Balance
Transfers
If
Unrestricted funds
General fund
47,511
1,124.133
1.121.583)
50,061
47.511
1,124,133
1.121.5831
50.061
17.
Related party disclosures
During thè year s8le5 of £4.77812021 £291 and purchases of £130,136 12021 £118,931) were made tolfrom
InglesSde HerStage Llmlted, a c(mpany in which a trustee of The Barn Theatre Proje¢l is a dlrector. At the
year-end there was £38612021 £nill due from this company within trade debtors and £6,48812021 £nill due lo
this company wf(hln Iwde creditors.
During the year sales of £10,015 12021 £5.68618nd purchases ol £nil {2021 £9001 were made tolfrom Barn
Theatrè Enterprises Limited. 8 Company in whi¢h a trustee of The Barn Theatre Project is a director. At the
year*nd thèra w8s £nil12021 £5.3251 duè from this company within trade debtor5 and a loan rÈceivable in other
debtors of £13.50012021 £15.5001.
During the year sales of £3,80812021 £15,284) were made to Associated Theatres Limited. a company in which
a trustee Of The Bam Theatre Prolect Ss a director. At the year-end there was £nil12021 £13,646) due from this
company wthin trada debt¢rs.
During the year sales of £5.000 12021 £nill and purchases 01 £76,500 {2021 £82,497) wara made tolfrc
Techsmart Theatre Services Limited. a company in which a trustee of The Barn Theatre Pr(4e¢t is a director. At
the year-end there were no outstandlng balances with this company12021 £nill.
During the year sales of £8.000 {2021 £nil) were made to 8am Digital Media ￿mi￿￿, a ¢ompany in which a
trustoè ol The Bam Theatre Proje¢t is a dir8¢tor. At the year-ond there was £10,000 12021 £10,000) loan
receivable frotn this corllpany Vvithin other debtors.
During the year sales of £16Q12021 £nill were made to Cirencester Light Opera knmit8d, a eompany in w￿ch a
trustee of The Barn Theatre Project is a director. At the year-end there were no outstanding balances with this
company12021 £nill.
During the year purchases of £12.000 {2021 £12,000) were made from Fosseway Properties Ltd, a company in
which a trustee of The Barn Theatre Projecl is a diredor. At the year-end there were no outstanding balances
with this company12021 £nill.
During the year purchases of £17,800 12021 £3,200) were made from Oldfield Business Services Limited. a
company in which a trustee ol The Barn Theatre Project is a director. At the year-end there was £51,781 12021
£nill due from this wmpany ￿t￿n other debtors. relating to ticket sales held on account.
Pag& 19
continued...

THE BARN THEATRE PROJECT
Notes lo the Financial Statements - continued
nded 31 March 2022
17.
Related party diselosurè$ - eontinu•d
During the yèar purchases of £nil 12021 £1.1001 were made from Newfidd Business Servws Limited. a
company in which a trustee of The Barn Theatre Project IS 8 direotor. At the year-end there were no outstanding
balances wth this company12021 £nill.
Ouring the year a donation of £15.OQKJ12021 £20,000) was received from St James's Place Wealth Management,
a company in which a trustee of Th8 Bam Th6atre Project is a director. Al the year-end there were no
outstanding balanc￿ wlh this company12021 £nill.
During the year donations were re￿iVed of £55.28212021 £nill from Te¢hsmart Theatre Swvices Limited. At the
year-end there were no outstanding balances wlh this corNpany12021 £Th11.
Page 20