2022-03-31-accounts

			Page
Report ofthe Trustees		1	lo	5
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements		9	to	14

						2022	2021
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	f	F		F
INCOME AND ENDOWMENTS		FROM
Donations and legacies				2,070		2,070	3,279
Charitable activities
Operation oftheatre				240,969	3,560	244,529	146,312
Total				243,039	3,560	246,599	149,591
EXPENDITURE ON
Charitable activities
Operation oftheatre				239,754	3,560	243,314	111,872
NET INCOME				3,285		3,285	37,719
RECONCILIATION OF FUNDS
Total funds brought	forward			37,719		37,719
TOTAL FUNDS CARRIED FORWARD				41,004		41,004	37,719

	BALANCE SHEET
	31 INARCH 2022
		2022	2021
CURRENT ASSETS
Debtors		7,119	763
Cash at bank		60546	38853
			39,616
CREDITORS
Amounts falling due within one year	10	(26,661)	(1,897)
NET CURRENT ASSETS		41 004	37,719
TOTAL ASSETS LESSCURRENT
LIABILITIES		41,004	37,719
NETASSETS		41,004	37,719
FUNDS	12
Unrestricted funds		41,004
TOTAL FUNDS		41,004

								2022 f	2021 6
Donations								2,070	3,279
INCOME	FROM		CHARITABLE ACTIVITIES
								2022	2021
					Activity			E
Event Income					Operation	oftheatre		85,262	16,710
Bar &Cafe		Income			Operation	oftheatre		27,286	424
Car Park	Income				Operation	oftheatre		13,374	8,188
Grants					Operation	oftheatre		118,607	120,990
								244,529	146,312
Grants received,			included	m the above,		are as follows:
								2022	2021
									E
Portsmouth		City	Council					22,381	15,000
Arts Council								74,882	35,000
National	Lottery								10,000
Historic England								4,140	22,500
Theatre Trust								800	14,280
Furlough grant PCC Covid Recovery								4,404 12,000	8,853 15,357
								118,607	120,990
CHARITABLE ACTIVITIES					COSTS
								Support
							Direct	costs (see
							Costs	note 5)	Totals
							E	F	E
Operation		oftheatre					240,369	2,945	243,314
SUPPORT		COSTS
								Governance
							Finance	costs f	Totals f
Operation		of theatre					69	2,876	2,945

Support costs	, included	in the above, are as follows
Finance
			2022	2021
			Operation
			of	Total
			theatre	activities
			E	E
Bank charges			69
Governance	costs
			2022	2021
			Operation
			of	Total
			theatre f	activities f
Accountancy	and legal	fees	1,896	1,260
Legal and professional		fees	980	7,964
			2,876	9,224

STAFF CO	STS
		2022	2021
		6	E
Wages and salaries Social security		84,366 4,901	28,699 2,278
Employers	pension costs	2,643
		91,910	30,977

The average	monthly number ofemployees duri	ng the year was as follows:
		2022	2021
Operational	staff	4	4

			FO	FO	R THE YEAR ENDED 31 MARCH 2022	R THE YEAR ENDED 31 MARCH 2022	R THE YEAR ENDED 31 MARCH 2022
	COMPARATIVES	FOR	THE		STATEMENT OF FINANCIAL ACTIVITIES
							Unrestricted	Restricted	Total
							fund	funds	funds
								6	6
	INCOME AND ENDOWMENTS					FROM
	Donations and legacies						3,279		3,279
	Charitable activities
	Operation oftheatre						100,678	45,634	146,312
	Total						103,957	45,634	149,591
	EXPENDITURE ON
	Charitable activities
	Operation oftheatre						66,238	45,634	111,872
	NET INCOME						37,719		37,719
	TOTAL FUNDS CARRIED			FORWARD			37,719		37,719
9.	DEBTORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
								2022	2021
									F
	Trade debtors							1,550	763
	Prepayments and	accrued		income				5,569
								7,119	763
10.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
								2022	2021
								6	6
	Trade creditors								637
	Taxation and social security							486
	Other creditors							26,175	1,260
								26,661	1,897
								2022	2021
								6	6
	Brought forward
	Amount released	to incoming			resources
	Amount deferred	in year						16,676
	Carried forward							16,676

											2022	2021
									Unrestricted	Restricted	Total	Total
									fund	funds	funds	funds
									F	F	F	E
	Current	assets							67,665		67,665	39,616
	Current	liabilities							(26,661)		(26,661)	(1,897)
									41,004		41,004	37,719
12.	MOVEMENT			IN	FUNDS
											Net
											movement	At
										At 1.4.21	in funds	31.3.22
										F	6	E
	Unrestricted			funds
	General	fund								37,719	3,285	41,004
	TOTAL	FUNDS								37,719	3,285	41,004
	Net movement			in funds,		included		in the	above are as follows:
										Incoming	Resources	Movement
										resources	expended	in funds
										F	E	F
	Unrestricted			funds
	General	fund								243,039	(239,754)	3,285
	Restricted funds
	Portsmouth		City		Council					3,560	(3,560)
	TOTAL	FUNDS								246,599	(243,314)	3,285
	Comparatives				for movement		in	funds
											Net
											movement	At
											in funds	31.3.21
											F	F
	Unrestricted			funds
	General	fund									37,719	37,719
	TOTAL	FUNDS									37,719	37,719

Compara	tive	net movement in funds, inc	luded in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted		funds
General	fund		103,958	(66,239)	37,719
Restricted funds
Furlough	grant		8,853	(8,853)
Theatre	Trust		14,280	(14,280)
Historic	England		22,500	(22,500)
			45,633	(45,633)
TOTAL	FUNDS		149,591	(111,872)	37,719