2022-03-31-accounts - The Factory Of Creativity

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			Page
Report ofthe Trustees		I	to	6
Report ofthe Independeat Auditors		7	to	9
Consollduted Statenient ofFinancial	Activities		10
Consolidated Balance Sheet
Consolidated Cash Flow Statement			12
Notes to the Consolidated Cash Flow	Statement		l3
Notes to the Consolidateil Financial Statements		l4	to	2l
Detailed Statement ofFinancial Achvitics		22	lo	23

					2021	2021			021
			U	cstrlctul	Rrtl	Ict 'd		Unr stnctcd	Ke Incled
				Fa d 5	Fu I I s		Total 8	f A f	Funds(		7ul*l I
I come end Endo»ment	fr m:	Itales
Donations and lcgamcs				14,9'10		5,165	80,085	56,746		6 9	57,375
Charitable scli ilia
Praduciion				369,726			369,726	tgg,gst			188,857
OI nls				470,869		40,375	511,244	224Xo	24,370		?48,370
Theatre school				37,037			37,037
Other Irsding eon vs ties				19,1'516			19,156
Rc tat Income Omar mcome			6l,253 ~413936				6I,?53 413.936	7,3M 96 559			73M 96,559
Tols I				1,426,897		CC,SIO	1.472,437	573,462	?4,999		598,46 I
Ecpcndilure on:
Ratsmg funds				31,539			3I,539
Chalttablc &ctlvitles
Pruductton				744.199		40,375	784,574	234638	4	370	259 (,08
Ou cmuncc				I BEG?			18c63	6,87'I			6,877
PafroR custs				254,076			251,076	I56,944			156,944
Pronate curls				4,100			4$00	C,MO			4 OtlO
Ptcmiscs costs				92,017			SE017	96,955	7,021		103,976
Other				179419			179D?9	242?9			?CD?9
To 1at				ID?C.IM		40,375	ID64,498	5EE643	31,39I		555,034
Net Income/(cspcnditure)				102,774		5,I65	107,937	49,819	(6,39 I		43,745
Tmnsfers benvccn funds									( 1,27D
Ncl movemcut i» funds				102,774		4,16S	107,939	74,095	()0668)		43,745
RECOCILIATION OF	FU'IDS
Total funrb brought forusrd				80,932		2.629	BSDGI	6 519			39816
Total fuods carried for»&rd				IIO,706		7,794	191,500	80932	,6 9		8356I

		Group		Chorlti'
	Notes	2022 y.	2021 f	2022	2021 f
FINED ARIRTS Tangible assets	12	55/70	66,185	52 056	62 808
Invcstmcnts	13	S5,(70	66,185	(2,057	62,809
CURRENT ASSETS Debtors		IJ,097	10,051	29,174	10,051
Payments and accrued incoiue Cash ol bank gnd in hsiul		169,35( 309,607 492,059	245,881 255,932	169,355 251,410 J49,939	239,253 249304
CREDITORS Amounts falling duc v;irhm ooc year	15	~2J5,986	(154,341)	(20J,539)	1147000)
NET CURRKVT ASSETS /( I,IA0ILITIES)		246,073	167,776	246,400	)0'-,004
TOT ILASSETS LESSCURDS VT LIADILf (if5		301,6J3	167,776	298 457	161813
CREDITORS
Amounts fag ing due after morc Ihon one year		~(110 I J3	(84 215)
NFT ASSETS		191,500	SJJ61	iggnUJ
FUiVDS Unrcstrictcd iiinds Restricted funds TOTAL FUNDS	18	183,706 7,794 191,500	80,932 2,629 83,561	180,520 7,794 189,314	77,969 2,629 80,598

						2022	2021
					Nutm		f
Cosh flows front opernting		activities
Cash generated I'rom nperatiuns Interest paid						40,191 ~400)	134,912 ~4021)
Net cash (used in)/provided		by opemting		activittcs		35,991	130.921
Cash flotvs from investing		activities
Purchase oftnngiblc lixed	assets					~5,710)	(38.528)
N I cash us d in investing	aclivi(ies					~5,710)	(38,528)
Cash llows from flnancing		activitics
Ncw loans in yenr I.onn rellaymcnts in year						43,500 ~10,055)	L4.475)
Net cash provided byl (used		in) financmg		activilies		~33445	(4,475)
Change in cash and cash equivalents			in	the
repurting period Cash nnd cash equivalents the reporting period		at the beginning			uf	63,726 ~245881	87,918 157963
Cash nnd cash equivalents		nt the end	ol'tlte
reporting period						~309607	245.881

RECONCH. IATION OF NET INCOiVIE TO NFT CASH FI.OW FROVI OPERATING ACTIVITIES 2022	RECONCH. IATION OF NET INCOiVIE TO NFT CASH FI.OW FROVI OPERATING ACTIVITIES 2022	RECONCH. IATION OF NET INCOiVIE TO NFT CASH FI.OW FROVI OPERATING ACTIVITIES 2022	RECONCH. IATION OF NET INCOiVIE TO NFT CASH FI.OW FROVI OPERATING ACTIVITIES 2022	2(l'21
			f	1
Net income fur the reporting Activities)	period	(as per tlie Stsrcment of Financial	107,939	43,745
Adjustnients for:			16325	18,179
Depreciation charges Interest paid Increase in debtors Incrcasc in creditors			4,200 (168,303) ~80 030	4,021 (22,718) ~91 715
Net cAsh (used in)/provided	by operations		~40 191	131.942

ANALYSIS OF CHA'i	G	ES IN NET FUNDS
			At 1.4.21 f	Cash flowf	At 31.3.22 f.
Net cash Cash at bank ond in hand			245,881	63,726	309,607
			245,881	63,726	309,607
Debt Debts falling due within Debts falling due aflcr	I	I year year	(10,456) ~84 215)	(7$17) ~25,928)	(17,973) {110,143)
			~94,671)	~33 445)	{128116)
T			144,582	~21 288)	123294

	DONATIONS AND	LEGAC	IES
			kfnreslricted I'unde E	R	stnclcd I'ands f.	Total 2022 f	Unrestrtcted Funds f R«striclcd Funds f	Total 2021 f
	Donations Subscriptions		35,9 12 ~ 8,978		5,165	41,107 8,978	47,367 9,379 629	47,996 9,379
			44,920	~5196		50,085	~56 746 629	~57 375
	OTHFRTRADIiVG	ACTIVITIES					2022	2021
	Fundraising events Shop income Advertising						9,767 19,104 285
							~29 156
4.	RENTAL INCOG( F.						2022f	2021 f
	Theatre hrte						~GI 7.53	7,300
SL	INCOME FROill CHARITABLE ACTIVITIES						2022	2021
	Ttckct sales I'rogrammc sales nnd Ttckel bookntg I'ecs (innts Theatre school	march	Activity Production Protluction Produetinn Gronts Protluc(Iorr				f 369,793 3,290 37,018 470,8G9 ~37037	175,012 10,567 3,278 248,370
							918,007	437227
	(iran ts rccetvable cere'		llnr 'strictml I utttls E	Itcvtrictcd Funds f		Tnt aI 2022	Httrcstrictcd I.unde Restricted Funds f	Total 2021 k
	tvICC Covid Grams AAs Council En land Grand Trust National I.nner& Ke& Ituntl 3ke I ov e I 1anctn ster		6E46! :118,165 19,86G		25,375 I5,000	6'2,463 343,540 15,000 49,86G	IM,UOI) 5,000 50,0tkl I 000 24,370	192,370 5,000 10,000 1,000
			-130,49.1		40,375	470,869	224,0110 21,370	'248,370

Other trading	Other trading
		2022	2021
		E	E
Purchases		7,539
Coosultnncy	t'ccs	24,000
		31,539

CIIARITABLE AC)1V	ITIES COSTS
	Direct	Support	Total	Direct	Support	Total
	costs	coals	2022	coals	coals	2021
	E	f	P.	E.	/.	f
Production	781,685	2,889	784,574	259,008		259,008
('ovcmancc		18,563	18,563		6,877	6,877
Payroll custs		254,076	254,076		156,944	156,944
Finance costs		4.200	4,200		4,000	4,000
Premises costs	92,017		92,017	103.976		103,976
Other	179,529		179,529	24.229		24,229
	1,053,231	279,728	~I,332 959	387,213	167,821	555,034

SUPPORT COSIS
		Human	Governance
	Finuncc f	recon/ccsf	costsf	TnfaLs f
Production		2,889		2,889
Governance			18463	18,563
Payroll costs		219,625		219,625
Finance costs	4 200			4,200
	~4200	222,514	18,563	245,277

12	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
	( louis:		Plant mid	I imures R	Computer
			machinery	fillings	cquipmcni		Tolnls
			6	I	8		6
	COST
	At 1st April 2021		65,691	20,136	10,0 11		95,871
	Additions		4,691	656	360		5,710
	At31 Starch'f022		70,388	20,792	~tg 401	101,581
	DEPRECIATION
	Al I April 2021		19,536	6,771	3,379		29,686
	Charge for year		10,178	2 805	3,.342		16325
	At Mmvh 2022		29,714	9,576	6,721		46,011
	NET BOOK VALUF.
	At 31 March 2022		40,674	11,216	3,680		55,570
	At h(arch 2021		46.158	13,365	6,662		66,185
	Charity:		Pfun t mid	I istures R	Comto i ter
	COST		machinery(	fittings 2	cquipniciit(	Totals 5
	At 1st April 202I		63,442	18,233	9,592	91,267
	Additions		4,694				4,694
	At 31 March 2022		68,136	18,233	~9592	95,961
	DEPRECIATION
	Al I April 2021		19,085	6,085	3,289	28,459
	Charge (oryear At March 2022		9,818 28,903	2.430 8,515	3,198 ~6 487	15,446 43,905
	NET BOOK VALUE
	At 31 March 2022		39,233	9,718	3,105	52,056
	At March 2021		44,357	12,148	6,303	62,808
13	FIXFDASSF1SINVESThfENI'S
						Shores	in
						gi'oup
						undertakings
	GIARKET VALUE
	At April 2021 K March 2022					I
	iVET BOOK VAI.UE
	Ai March 2022
	There ivere no invcsuncnts	outside thc liK

Nature ofhusiness. Trading subsidiary 1	001'/ lnildmg ofOrdinary Stmrcs
Profit nad loss account	2022	2021
		1
Turnover Cost ofsales and adminisirntion Opernting profit Amount giR aided to charity Rcatined in subsidiary	195,279 ~181,056) 14,223 ~(14,000 223	10,436 (9,804) 63'2 (1,000) (368)
Bnlnnce sheet
I ised assets Currmit assets Current liabilities Total Assets	3,515 60,697 ~61,026) 3,186	3,377 29,302 ~(29,716 2,963

			2021	2021	2021	2021
				8	8	2
Trade debtors			13,097	10,051	10/97	10,051
Amouns	orred by group	undertakings	13,097	10,051	18$77 29,174	10,051

CREDITORS: AMOUNTS FALLTNG	DUE )YFTHI	N OiVE Y	EAR
	2022	Group	2021	2022	Chnrity	2021
	8			8		f.
Other loans (s"cnote 17) 'I md c creditors Auiounts oived to group undenakings Social security and other raver Giber creditors Dcl'orred income Accrued cnpcnsns	17,973 13,494 6,207 2,695 192,867 I2,750 24%,986		10,456 5,858 3,664 124,844 9,519 154,34 1	\7,973 13,254 2,695 160,967 8,650 703,539		10,456 22,675 2,889 366-1 100,147 7,469 147,300

CRED	ITO	RS	: A~I	OUVTS IrALLI	IG DUE AFTER	AIORF.	HAN DIVE)EA	R
						Group			Charity
					2022		21021 f.	2022 5		2112 1 (
fiihcr	tonne	la	rnui	171	110,143		81,215	110,143		84,215

	An anal)sls of the maturity	o( tonne ls glvco belo v:		2022	2021
				(	(
	Amounts falltng duc within Other loans	ono year on donand.		17,973	10.456
	Aniounts falling betivecn onc nnd uvu years: Other loaiu. 1-2 years			17,973	10,456
	Anmunts fallmg due bctivccn nvo and five years Other loins - 2-5 years			53,918	31J69
	Ameunts (aRing due In more than live years:
	gepaysblo by instsimenrs:			38,252	42,390
lll	hlOVEMENT IN FUNDS		At 01 04.21	Net niov menr	AI 31.03.22
				in funds
	Unrestricted (unde General I'und		80,932	102,774	8 103,706
	Restricted fuods
	First Curtaio		2,629	5,165	7,794
	Tum On Fcstivai
	The 'iv is		2,629	5,165	~7794
			83,561	107,939	191,500
	Nct movennnt la Ponds included in thc abovo are as t'olloivs:
			Incoming	Rcsuurces	hlovement
	Unrestricted (ands Gcncral tiunl		remurccs ( 1,426,897	expended (1,321,1231	In funds( 102,774
	Restricted funds First Curtain		5, IG5		5, 165
	Turn On fcstiml		16,430	(16,430)
	The Wtz		23,945 45,540	(23945) (40.375)	5,165
	TOTAI. FUNDS		1 472 437	~(I,364 498)	107,939

					2022	2021
			UrtrcslrKtcrl	Rmtrictcd	Total	Total
			I'unds	I'unde	(uruls	frlllrls
			l	f.	K	5
INCOi&IE AND		ENDOrrVhtgtv TS
Donations and	legacies
Donalions Subscriptions			49,942 ~8978	5,165	55,107 ~8978	48,996 9379
			58,920	5,165	64,085	'.IS,375
Other trading	activities
Fundruising evenls			9,767		9,767
Shop income			19,104		19,104
Advertising Theatre School			285 ~37037		285 37,037
			66,193		66,193
Rental income
'Iheatre hire			61,253		61,253	7,300
Charitable actlvltles
Grants			430,494	40,375	470,869	248,370
Ticket sales			369,793		369,793	175,012
Programme sales and mercb Ticket booking (ees			3,190 37,018		3,190 ~37018	10,(67 3278
			840,595	40475	880,970	437,227
Other income
Management charges			69,035		69,035	S,ooo
IRS Grant			17,210		17,210	80,934
SSPGrant						189
Theatre Tax Relief			1,32,412		132,412
			~2I8657		218,657	86 123
Total incoming		resources	1,245,618	45,540	1,291,158	589,025
EXPENDITURE
Other trading	activities
Purchases			7/39		7,539
Consultanc& fees			24,000		24,OSO
			31539		31,539
Charitable activities
I.lire ofplant and		machinery	38,438		38,438	23,996
Rent olid rrltcs			36,412		36,422	22,929
Insurance			IO,BS2		10,882	6,070
Carried forrvard			tl5,742		85,742	SZ,995

							2022	2021
			(lnr	siricted	Rrstricl	d	Total	Tolal
				Riiiils	I'unde		tunds	funds
				1		f.	f	f
Chnritable activities
Brought forward				85,742			85,742	52,995
Lightand heat				5,592			5,592	2,288
Telephone				I,G53			1,653	1,616
Postage and stationery				6,072			6,072	3,892
Advertising and mcrch				44,572			44,572	40,500
Sundries				716			716	13
Box olTice				65,547			65,547	39,844
Prc.producuon cxpenscs				358,622	40,375		398,997	100,294
Artist travel dt accomniodation				4,258			4,258	2,611
Artists				175,63G			175,636	31,488
Set, costunic and props				27,948			27948	14,842
Theatre staff								14,0G5
Computer expenses				1,797			1,797	1,895
Repair and maintenance				39,082			39,082	33,421
Waste disposal				3,467			3,4G7	5,638
Entertainment and incentives				5,871			5,871	1,200
Licence and subscriptinns				5,126			5,126	1,641
Other (ravel				8,292			8,292	1,965
Website expmises				7,000			7,000	174
Cleaning								135
Health and safety				3,812			3,812	14,571
Plant ond machinery				9,819			9,819	11,100
Fixtures and littings Computer equipmcnt				2,430 3 197			2,430 ~3197	3,037 3.197
				866,251	40,375		906,626	382,422
Support costs
Finance
Otherlnterest								21
Bank loan Inlcrest			~4200				4300	4,000
				4,200			4,200	4,021
Huinau resources
Wages				207,693			207,693	145,328
Social security				11,595			11,595	4,417
Pensions				3,226			3,226	2 228
				222,514			222 514	151,973
Governance costs
Auditors' remuneration				3,000			3,000
Auditors' romuncration	for non-audit	work						5,064
Accountancy (ces Legalfces			7,970 ~7593				7,970 7,593	1,800
				18563			~tg 563	6,864
Total resources expended			~II43 067		~40	75	1,183,442	545,280
Nel income			~I02 551		5,165		~107 716	4L745