MAYFLOWER ACADEMY LTD
{A company limited by guaranteg)
THE REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 March 2022
Company Rggistered number: 12809454
Charity Registered number.. 1194797

MAYFLOWER ACADEMY LTD
(A company limited by guarantee}
THE REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
for the period gnded 27 March 2022
CONTENTS
Pages
Report of the Directors
2-12
Aud(tor's report
13-14
Statement of financial activities
15
Balance sheet
16
Statement of cash flow
17
Notes lo the financial statements
18-26

MAYFLOWER ACADEMY LTD
IA company limlted by guarantee)
REPORT OF THE DIRECTORS
For the perlod ended 27 March 2022
The Directors present their report and consolidated financial statements for the period from 29 March 202110 27
March 2022.
Refgrgncg and administrativg details
Company Registargd number:
12809454
Charlty Registergd number:
1194797
Directors l Trustees:
M H Le Bas (Chair}
S W Pantling
M D Ockwell Iresigned 9 July 2021 } {reappointed 16 September 20221
A J Harrison {resigned 9 July 20211
P Hewill {appoinled 2 July 20211
L Mitchell
S Sesodia (appointed 21 June 20211
S J Stannard (appointed 29 June 2021, resigned 10 July 20221
J M Low lappoinled 27 May 20221
M R Wright {appoinled 27 May 20221
R D Harrison (appointed 23rd September 2022}
H R McBoyle (appointed 23rd September 2022}
Members..
The Mayfiower Theatre Trust
M H Le Bas (Chairl
S W Panlling
P Hewitt
L Mitchell
S Sesodia
S J Slannard
JMLOW
M R Wright
R D Harrison
H R McBoyle
Company Secretary:
C Jones
Chief Executive and Creative Dlrector:
M D Ockwell
Auditors:
Haysmacintyre LLP
10 Queen Street Place
London EC4R 1AG

MAYFLOWER ACADEMY LTD
IA company limited by guarantee)
REPORT OF THE DIRECTORS {conlinued)
For the period ended 27 March 2022
Reference and administrative details (continued)
Bankers".
Sanlander UK PIC
Bridle Road
Boolle
Merseyside
L30 4GB
Solicitors..
Paris Smith LLP
1 London Road
Southampton
Hampshire
S015 2AE
Registered office:
Mayfiower Theatre
Empire Lane
Soulhamplon
Hampshire
S015 1AP
Sitg Addrèss
MAST Maynower Studios
142-144 Above Bar
Soulhamplon
Hampshire
S014 7DU
Board of Directors
The Board of Directors throughout the period and up to the date of this report was made up as follows:_
M H Le Bas (Chairl
S W Panlling
M D Ockwell (resigned 9 July 20211 Ireappoinled 16 September 20221
A J Harrison (resigned 9 July 20211
P Hewitt lappointed 2 July 20211
L MilchelS
S Sesodia (appointed 21 June 2021)
S J Stannard lappoinled 29 June 2021, resigned 10 July 2022)
J M Low (appointed 27 May 20221
M R Wright (appointed 27 May 20221
R D Harrison lappoinled 23rd September 20221
H R Mc8oyle lappoinled 23rd September 20221
The Board's members serve as Directors for the purposes of company law, and Trustees for the purposes of charity
law. They are referred lo as Directors throughout this report.

MAYFLOWER ACADEMY LTD
IA company limited by guarantee}
REPORT OF THE DIRECTORS {conlinuedl
For the period ended 27 March 2022
Structure, governance and management
Governin
D￿Ument
The company is incorporated in England and Wales as a private wmpany limited by guarantee and registered as a
charity with the Charity Commissioners under number 1194797, governed by ils Articles of Association. The financial
5talemenls are prepared in accordance with current statutory requirernenls. the governing document of the company
and the Charities SORP. The primary objectives of the Trust as defined by the Articles of Association are the
encouragement of the arts, the promotion and advan￿ment of education and the cullivalion and improvement of public
education in drarna, mime, opera, singing, music, dance, painting and sculpture, cinema, literature and other arts.
oinlmenl of Directors
Directors are nominated by the Board. The Board reviews the list of members from time to lime lo ensure that all skills
are covered if a vacancy arises. The following criteria for all future Board members have been approved by the Board
of Directors..
Clear business sense and strategic business planning.,
Keen interest in performing arts, community theatre education and outreach
Time available for Board activities.,
Locallregional residence.,
Community focused with knowledge of local businesses and local leaders.,
Representation in one of the following skill sets.. producing, education, community development, retail, finance,
legal, environmental sustainability., and
Commilrnent lo diversity and inclusion.
Director Induction and Trainin
New Directors undergo an orientation session with the Chief Executive and the Company Secretsry lo brief them on
their legal obligations under Charity and Company Law. the contents of the Articles of Association, the committee and
decision making processes, the three year rolling business plan and recent financial performance of the MAL. They
are also issued with an induction pack.
Related Parties
The Mayfiower Theatre Trust IMTTI is currently a member of Maynower Academy Ltd along with 10 individuals. MTT
shares some resources with MAL which are managed by a service level agreement and includes the sharing of key
roles. The MTT Chief Executive and Creative Director, and Finance Director will carry out their respective functions
for MAL and there is further shared resour￿ with MTT, which include 3 members of the executive management team,
(Head of Sales & Marketing, Head of Creative Learning and Head of Human Resources). prograrnrning, finance,
human resources, IT, company secretarial services and box office sales team which are all managed via the sarne
service level agreement.
anisation
MAL is organised so that the Directors meet regulady to direct the management of its affairs. A Chief Executive and
Creative Director is appointed by the Directors lo manage the day lo day operations of MAL. To facilitate effective
operations, the Chief Executive and Creative Director have the delegated authority, within terrns of delegation approved
by the Directors, for operational matters including finance and administTalion, sales and marketing, technical service,
human resources, and programming activity.
Remuneration
for ke
mana
ement
The remuneration of the Chief Executive and Creative Director is agreed by the MTT Board, taking account of the
financial performance of both and MAL,. achievement of key performance indicators., together with
benchmarking against salaries of comparable positions in the industry. The remuneration is commensurate with
similar charities. A proportion of the costs associated with this role are recharged to MAL via the service level
agreement.

MAYFLOWER ACADEMY LTD
(A company limited by guarantee)
REPORT OF THE DIRECTORS (continued)
For the period endgd 27 March 2022
Introductlon from the Chair
We are delighted lo be reporting on the first trading year for Mayfiower Academy Ltd Ua MAST Maffjower Studios
(MAST}. MAST opened its doors lo its first customer5 in May 2021 with a performance of Rambert 2.. Double Bill.
We are grateful lo all our staff who worked tirelessly lo ensure the building was ready, with COVID-19 restrictions still
in place, having only taken the keys lo the building in November 2020. Initially our staff body was limited in number
so a lol of work for a small number of staff. We have spent the last 12 months building up the number of employees
in line with our strategy. Recruilmenl has been particularly difficLJIt across the nation and that was certainly fe51 al
MAST. By year end we had grown from 10 staff lo 56 staff and over 50 volunteers.
We welcomed 41,202 customers lo 331 performances across both Studio 1 and Studio 2. Our ticket income was
£501,593 and we ended the year with £172,353 surplus. This was higher than forecast largely because of delays lo
delivering activity caused by both ongoing COVID-19 restrictions and delays in recruitment. The delayed activity has
been carried over into the new financial year. With restrictions fully lifting in April 2022 we have already been able lo
deliver the planned activity at a level outlined in the business plan.
Programming this new venue remains challenging as is the nature of mid-scale Ihealre. However, we have developed
an audience for family product with this genre of show performing particularly well in the year with shows such as
F8nlaslically Great Women Who Changed the World, co-produced with Kenny Wax Family Entertainment Ltd, Gangsla
Granny, Zog, Smeds and Smoos and Sarmy Britain. Aside from these family friendly shows we presented a broad
range of genre including Four Quartets, a one-man show starring Ralph Fiennes., inlernalionally renowned Indian
musician Zakir Hussain,. an array of comedians and musicians including Russell Kane, Rhys James, Rich Hall, Simon
Brodkin, Gwenifer Raymond and Marisha Wallace., As part of our community programming we were pleased lo present
Soulhamplon Operatic Society's Legally Blond., plays including Sheila's Island, The Rise and Fall of Littlg VoiGe, When
Darkness Falls,. a production of Black is the Colour of My Voice,. as well as numerous newly created works supporting
the development of local artists.
Our current funding agreement with Arts Council England runs lo March 2023 with £1,085,170 received in the year. In
spring 2022 applications opened for National Portfolio Funding for 2023-2026 and the entire leadership learn, and the
board, contributed lo what we considered a strong appliealion. This is for £2.850million over the 3-year period and we
will hear the outcome of our submission in October 2022. We are very grateful to ACE for their ongoing support and
our regular contscl with our Relationship Manager. We are equally grateful for the support we are receiving frof
Southampton City Council, with £290.000 received in the year. We have secured a further commitment from them lo
March 2023 at the same level.
Our partnerships with other cultural organisalions in the region create a Cultural Hub for the city continued with 7
companies basing their operations with us and collaborating on numerous programming, producing and participation
projects. We are very grateful to Soco Music Project, ZoieLogic Dance Theatre, Artfu5Scribe, Soulhamplon Music
Hub, Opera Up Close, Our Version Media and Sound Pop Academy for their continued engagement and commitment
lo the vision of MAST.
Our work with NT Connections continues lo provide fantastic opportunities for our younger people lo appear in work
created by the Royal National Theatre.
We continue lo be very excited about our plans for MAST and ils contribution to the culture of the city and the region.
We already have a challenging, eclectic, and diverse programme in place for the next financial year and we will be
focussing on audience development supported by the programme and participation work over the coming year.
We would like to thank all our staff for their support over this first year of trading.
Finally, I pay tribute lo my fellow directors and our Company Secretary, for their contributions al meetings and support
of myself and the venue. This ensures excellent governance and a positive approach - across the whole company- lo
all aspects of the business. We are looking forward lo exciting limes ahead.
Malcolm Le Bas
Chair

MAYFLOWER ACADEMY LTD
IA company limited by guarantee)
REPORT OF THE DIRECTORS Iconlinuedl
For the period ended 27 March 2022
Objectlves and actlvitles
The objectives of the charity are..
the encouragement of the arts, the promotion and advancement of education and the cultivation and
improvement of public education in drama, mime, opera, singing, music, dance, painting and sculpture,
cinem8, literature and other arts.,
the development of public appreciation of such art by the provision of a theatre and the presentation of public
performances., and
furthering the social and cultural welfare of the local community and ils neighbourhood and visitors lo the city.
The strategies employed to achieve the charity's objectives are to..
present a broad range of artistic work.,
ensure that the deals with promoters are favourable to the charity and will ensure the return of a surplus at the
end of the financial year.,
focus on involving young people in the arts through participation and engagement to ensure culture plays an
integral part in personal development,. and
introduce activity lo encourage sectors of the community lo experience Ihealre, who may not have engaged
before.
The major areas of activity are.. musicals, opera, dance, drama and comedy.
COVID-19
The year stsrted with stringent COVID-19 restrictions and we opened with social distsncing measures in place. These
measures started lo ease by the end of summer 2021 and by April 2022 had completely lifted. The confidence of our
audiences increased slowly across the year in line with the changes, notably at a different pace depending on
demographic. This experience has been in common with the rest of our sector nationally.
We also developed a pandemic risk register that has been monitored and updated wth each change in events and will
continue lo be so. The ongoing need for this risk register will be addressed in autumn 2022.
Publi¢ Bgngfit MAST
The Directors have had due regard to the Charity Commission's guidance on public benefit.
Our Engage programme had 10,836 engagements with the community during the year. The impact of COVID continued
lo be fell throughout the year but in person activity was undertaken following strict COVID safely guidelines whenever
rules permitted. The strategy for our Engage programme has four main strands.. Youth, Community, Participation and
Education work.
Youth
We offered our first Summer Youth The8lre Project (SYP} Grimm Tales. This had 50 young people in the company. We
were pleased to offer two assistant placement opportunities to students from Solenl University and to work with Iheir
Hair and Make-up students. 3 performances look place playing to 479 audience members.
Our weekly youth theatre sessions for young people, aged 10 - 18 years offered 3 groups the opportunity lo develop
their skills and lalenls, have fun and make friends with other likeminded young people.
The company explored a diverse range of topics throughout their sessions, including opportunities for performance in
events such as the Royal British Legion showcase al Mayfiower Theatre. We were also delighted lo offer our groups
the opportunity to allend a number of performances across both MAST and Maynower Theatre, which included Sleepy
Hollow, Matthew Bourne's NutGrackerl and Fantastically Great Women fft Changed the World. These trips. combined
with our diverse session

MAYFLOWER ACADEMY LTD
{A company lirnited by guarantee)
REPORT OF THE DIRECTORS Iconlinued}
For the pgriod gnded 27 March 2022
content, helped lo broaden the creative aspirations of our participants, as they see the workings of a professional
production first-hand.
The separate production group performed The IT as part of the NT Connections Festival with 8 young people in the
company performing lo 205 audience members.
Our Junior Youth Theatre sessions reached 382 engagements across this year. Our Junior Youth Theatre, which targets
young people aged 7-11, nurtures their interest in theatre and builds their skills as young performers. With sessions
linking lo our wider programming, our Junior Youth Theatre particularly enjoyed focusing on our co-production of
Fantastically Great Women Who Changed the World. and even learnt an extract of one of the productions songs, which
was performed lo families as part of their end of term sharing.
We offered 2 regular groups for young writers aged 14 - 25. Crow's Nest Creative had 129 engagements over 20
sessions and MAST Collective had 123 engagements, also over 20 sessions. These sessions are delivered through
partnership with our Resident Company Artfulscribe and with funding support from the Arts Council of England.
We delivered our first ever Christmas Youth Production ICYPI Peter Pan- An Awfully Bw Musical Adventu￿ with a cast
of 50. We saw an audience of 3,609 attending over 12 performances. Although the cast was affected by COVID, and
understudies were called upon lo perform. no show was cancelled.
Communlty
This year we ran our first development workshops for our Christmas Youth Production of Petgr Pan - An Awfully &g
Musical Adventure. These workshops focused on reaching participants who wouldn't normally engage in our SYP and
CYP projects and gave them a supported opportunity lo access the audition process. These workshops focused on
exploring the themes, settings and characters of the production through drama exercises, and ended with a Q&A with
the Director of the production. We were proud lo partner with our Resident Company Our Version Media lo Connect us
with new groups for this work, including Feed the Community, The United Voices of African Associations and Golden
Eaglets.
Our visual arts programme ran for the first lime this year, operating as a valuable means for engaging communily groups
in free projects that were designed specrfically around their group members. Linking with our wider programming. these
projects focused on a variety of mediums including photography, illustration and creative writing, and engaged with 135
people from groups such as adults living with Dementia, local primary schools, or young people from Southampton's
areas of deprivation.
In addition lo our ongoing visual arts programme, we also ran our first Community Exhibition Takeover project from
September
December. This project focused on pairing community groups with local artists to create a series of
installations which transformed our building into the world of Neverland. In lolal, we reached 461 members of the
community with this project, spanning groups such as No Limits Young Carers, adults living with Dementia, refugees
and asylum seekers from the Soulhamplon and Winchester Visitors Group, Feed the Community, NHS staff and
Mansbridge Primary School.
We were delighted lo form a new partnership with local Dementia charity, Caraway, this year. Our partnership with
Caraway began with their involvement in our Neverland project, before continuing into running a series of Arts for
Oemenlia workshops for them across March. This work was supported by funding from Soulhamplon Voluntary servI￿s
and Soulhamplon City Council's Adult and Community Learning Fund and enabled us lo reach 81 people throughout
the project's lifespan. The project involved a local artist visiting Caraway's memory café sessions across the city,
delivering workshops exploring the importance of early diagnosis, and how people's sense of self had changed since
learning they had Dementia. The project culminated in the creation of a visual arts display tilled °I'm Still Me. which
showcased the collages, prints and poetry created in the sessions.
Ma￿ower'S partnership with Autism Hampshire continued, with Serendipity sessions now taking place monthly al MAST
ma￿oWer Studios. These workshops operate as a social opportunity for adults with Autism and give participants the
opportunity lo explore a new art form each month, while building on their social skills. This year we have enjoyed
sessions in drama, dance, music and talks about our buildings, heritage, current operation and future plans.

MAYFLOWER ACADEMY LTD
(A company limitod by guarantee)
REPORT OF THE DIRECTORS Icontinued}
For the period gnded 27 March 2022
Our Family Fun Days also began this year al MAST, opening our doors to the families of Soulhamplon lo access free
arts aclivilies. Our most popular activities have included arts and crafts, face painting, drama and music workshops and
scratch performances hosted in Studio 2. We hosted 2 Family Fun Days within this financial year, reaching a total of
328 people. Of those people, over 500k of all families who allended were from Soulhamplon's areas of deprivation, with
41,/0 of the lolal allendees engaging with both MAST and Mayfiower Theatre for the very first time.
Participatlon
Our Maynower Young Company continued this year, reaching 334 engagements over 30 sessions. Our ma￿OWer
Young Company connects with young people aged 18 - 25 and focuses on building theatre making skills, allowing
participants lo explore exciting and varied pieces of work, while also devising their own performances. Participants in
our company have varied interests across all lovels of theatre making, including performing, writing and directing.
Thank Friday il's Improvl ran across 20 sessions this year reaching 91 engagements. These sessions allow adults aged
18+ lo build skills around improvision in a fun and supportive environment. Participants in these sessions span from
those looking lo work professionally within the industry, to those who take part as a hobby.
We have been able lo offer 12 show events and tours this year including pre-show talks, posl-show question and answer
sessions, and company classes, with a lolal of 268 people allending. These events have included company classes
with Rambert and the National Theatre, our Ignition project with Frantic Assembly, a cinematic sound workshop with
Rhum and Clay, touch tours, and public Q&A's on perfomiances such as Who Cares.
Education
This year, performances such as Who Cares and Fantastically Great Women Who Changed the World, were at the
heart of our engagement work with schools. These performan￿$ enabled us to run pre and post show workshops,
Q&As with the producing companies, and exclusive schools, performances. Focussing on important themes such as
understanding the lives of young carers, or plafforming the stories of inspiring women, we were pleased lo connect
with 490 pupils as part of this work, which induded schools such as Bitterne Park, City College and King Edward Vl.
In addition lo show related packages, we also worked with home school groups and local secondary schools such as
Meoncross to provide workshops, theatre tours and talks which cenlred on the varied career opportunities available
across the arts sector.
Engage Fogdback
We are always seeking feedback on our Engage programme and developing our offer in response to this. Below is a
small selection (names have been removed lo protect privacyl-.
"It Was an incredible hvo weeks full of new people, fun gnd memorable moments that I hope to hold on to forevgr."_
SYP Participant
'Re811y ni￿ actiVit￿S with engaging staff, enjoyed ill°_ Parent attending Family Fun Day
"A great, talented cast, wonderful script, fantastic use of music and songs."
CYP audience member
'My son ran up the stairs to find his groups work that hg thoroughly enjoyed taking part in. He said it was nice lo sge his
groups work displayed and then being given the opportunty to watch the [performanceJ afterwards.~
Parent ofyoung
C8rer involved in Neverland project
Financial Revlew
Maynower Academy Ltd Ua MAST ma￿lOWer Studios {MAL} is funded by both Arts Council England and Soulhamplon
City Council. During the period we received £1,085,170 from Arts Council England and £290,000 from Southampton
City Council and we are very grateful lo both organisalions for their support.

MAYFLOWER ACADEMY LTD
IA company limlted by guarant99}
REPORT OF THE DIRECTORS Iconlinuedl
For the period ended 27 March 2022
We presented 331 performances in the period across 2 studios. The lop shows by attendance for the year included our
co-production Fantastically Great Women Who Changed the World with 5,881 in attendance,. our own Christmas
production Peter Pan.. An Awfully Sig Musical Adventure 14,6091,. Gangsta Granny12,3521," Zog {2,3241 and Barmy
Britain12,1401.
Our lolal attendance for the year was 41,202 with lickel sales of £501,593.
We have been building up our ancillary sales offer in our café-bar area, Irialling different offerings, and results have
been beller than originally anticipated. Investment has been in the areas we focussed lo grow the business.. carrying
out ongoing repairs and maintenance,. recruitment., ensuring the IT infrastructure robust and fit for purpose,. and,
crucially, planning and developing our programme and building on relationships with producers.
Total Income for the period was £2,490,483 with costs of £2,318,130 leaving a surplus of £172,353. This will be carried
over in our general reserve lo help us deliver our activity plan in the new financial year.
Fundralslng perfomiance and approach
The charity undertakes fundraising activity to its supporters via direct mail, fundraising events, sponsorship and email
in line with the Fundraising Code of Practice sel by Fundraising Regulator.
Our privacy statement, which is available on our website, outlines how we treat the personal data of our customers.
When you SUPKlOrt us you can be sure of the following..
We will never sell your contact details lo anyon8
We will only contact you rf you have expressed an interest in our work
If we phone you, we will always check you are happy to lake the call
If you ask us lo change how we communicate with you, or slop, we will respect that
We do not engage in cold-calling, door lo door or street fundraising
We strive lo ensure no-one ever feels pressurised lo support our work
All of our activities are open, fair, honest and legal
No complaints about our fundraising activity were received in the last period.
Our fundraising activities included applying for project funding, grant and trust applications, as well as corporate
sponsorship and general donations.
Reserves Policy
The Board regularly reviews the Trust's Reserves Policy in line with the guidance issued by the Charity Commission.
The principal objectives of the Trust are:
1.1. providing for the development of the Studios by undertaking major projects lo keep up-to-dale with
pr(Mluctionlshowlbusinessllegallregulalory developments,.
1.2. providing, where appropriate, for investment lo support the operational strategy of the organisalion,.
1.3. maintaining the viability of the Studio buildings in line with the Planned Preventative Maintenance
Programme.,
1.4. making provision for future development of the Studio bLJildings and facilities,.
1.5. providing sufficient Tinancial comfort" during dark periods. This is a period when no show is programmed,.
The Board recognises that the charity receives substantial funding from Arts Council England {ACEI and
Southampton City Council.
The Board recognises the business needs lo cater for a sudden bul temporary loss of income and has
accordingly agreed lo continue the policy whereby unreslricled funds {which are free reserves of the charity)
are built up and then maintained al a level which equates lo not less than 3 months of unrestricted expenditure.
The Board are of the view that should provide sufficient funds lo cover management, adminislralion and
support costs in order to secure the long term viability of the organisalion.

MAYFLOWER ACADEMY LTD
{A company Ilmlted by guarant991
REPORT OF THE DIRECTORS Iconlinuedl
For the perlod ended 27 March 2022
Our Artistic Vision which aims to providing inspiring experiences by maintaining the standard and quality of shows is
based on the same core principles that has seen Mayfiower Theatre establish ils reputation. Our priority in 2022123
The Board also believes that, should il ever become necessary lo close down the charity, costs associated
with such closure would be covered by the value of the business and ils assets.
Descrlptlon of reserves
The charity only has one fund as shown in note 14 to the financial statements.
Unrestricted Fund
The General Reserve represents the remaining accumulated surpluses over the years, intended lo promote
the objects of MAL and be available as opportunities arise. 11 currently stands al £680,333.
Free reserves
Al the period-end the 'free reserve, balance was £526,729 (see note 141. MAL manages ils day-to-day operations
through Ihe effective management of cash and considers that ils current levels of reserves and cash holdings are in
line with expectation, whilst it strives lo maintain healthy levels of 'free reserves,.
Principal rfsks and uncertalntles
The Directors for the company have a risk management strategy which comprises..
A regular review of the risks the charity may face.,
The establishment of systems and procedures to mitigate those risks idenirfied in the plan and,.
The implemenlalion of procedures designed lo minimise any potential impact on MAL should those risks
malerialise.
The Risk Registers across the group have identified 3 key risks this period and are listed below together with brief
summaries of the strategies to manage these risks..
Loss of core funding. Strategies lo manage this risk include monitoring of key funder requirements., maintaining
effective communication with key funders., keeping abreast of industry activity and funding requirements.
2. Ability lo meet forecast capacity levels. Strategies to manage this risk include programming, pricing reviews
and dynamic pricing,. weekly ané monthly reporting tracking the sales of each show against largels., and our
marketing strategy.
3. Threat of cyber fraud. The strategy lo manage this includes the allainmenl of the Cyber Fraud Accredilalion.,
3td party audits and testing of our systems,. and training of staff lo raise awareness. Our staff regulady
undertake training in how to be more cyber aware and are kept informed of lalesl advice from bodies such as
Action Fraud Ilhe National Fraud and Cyber Crime Reporting Cenlrel as well as local police. We have
developed a Security Incident Response plan that sets out how to deal with a cyber-fraud attack with a number
of scenarios addressed.
Financial risk management objectives and pollcles
MAL finances its operations through retained surpluses supported by substantial core funding. The management's
objectives are lo relain sufficient liquid funds lo enable it to meet its day-lo-day obligations as they fall due whilst
oplimising returns on surplus funds. Hedge accounting is not used by MAL.
Plans for future perlods
Mayfiower Academy Ltd tl8 MAST Mayfiower Studios Mission statement is..
To preserve and maintain MAL for the community and provide a diverse programme of quality arts experiences.
To be valuable lo the community and local cultural offer as a creative hub and centre of excellence for culture
in Soulhampton.
To be community focussed with engagement and consultation at ils heart.
10

MAYFLOWER ACADEMY LTD
{A company limited by guarantee)
REPORT OF THE DIRECTORS {¢onlinued)
For the period ended 27 March 2022
will be lo continue lo grow our business, lo miligale risk and lo build our audiences. We will do this through our
operational plan for 2022123 which includes:
programming and audience development including an ongoing assessment of our policy and slralegy.,
further growth of our Engage programme ensuring a positive impact on our community and lo wmplement our
artistic programme.,
consolidating relationships with our core partners
deepening the relalionships with our resident and associate partners
addressing ways lo improve our environmental impact including reducing use of plastics and energy
identifying additional income sources lo diversify our funding streams
ensuring we are considering the diversity in our organisalion al all levels
The financial strategy is aimed al supporting these strategies.

MAYFLOWER ACADEMY LTD
IA company limited by guaranleo)
REPORT OF THE DIRECTORS Iconlinued}
For the perlod ended 27 March 2022
STATEMENT OF DIRECTORS, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Directors are responsible for preparing the Report of the Directors and the financial slalements in accordance with
applic8ble12w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Directors lo prepare financial statements for each financial period which give a true and fair
view of the stale of affairs of the charitable company and of the incoming resources and application of resources,
including the income and expenditure, of the charitable group for that period. In preparing these financial $18lemenls,
the Directors are required lo..
select suitable accounting policies and then apply them consislenlly,.
observe the methods and principles in the Charities SORP,.
make judgments and eslimales that are reasonable and prudent-,
stale whether applicable UK Accounting Sl8ndards have been followed, subject lo any material departures
disclosed and explained in the financial slalemenls., and
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
charitable group will continue in business.
The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy al any
lime the financial p0511ion of the charitable group and enable them lo ensure that the financial slalements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitab5e company, and
the group. and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Direct￿8 are aware..
there is no relevant audit information of which the charitable group's auditor is unaware., and
the Directors have taken all steps that they ought to have taken lo make themselves aware of any relevant
audit information and lo establish that the auditor is aware of that infomalion.
Mombers. interest
The liability of every member is limited to £25 in the event of MAL being wound up.
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section
415A of the Companies Act 2006.
On behalf of the board
MHLeBas
Director
Mayftower Academy Ltd
Empire Lane
Soulhamplon
Hampshire
S015 1AP
Dale.. 9 December 2022
12

MAYFLOWER ACADEMY LTD
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
MAYFLOWER ACADEMY LTD
Opinion
We have audited the financial ststemenls of Mayftower Academy Limited for the period ended 27 March 2022 which comprise
the Statement of financial activities, B818nce sheet, Statement ol cash flow and notes lo the financial statements, including a
summary of significant accounting policies. The financial reporting framework that has been applied in their preparab'on is
appli¢ablg law and United Kingdom Accounting Standards, including Financial Reporting S18ndard 102 The Financial
Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practr'cel.
In our opinion, the fin8n¢ial slalements..
give a true and fair view of the state of the charitable company's affairs as at 27 March 2022 and of the Charitable
company's nel movernenl in funds, including the income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Awpted Accounb'ng Practice., and
have been prepa￿d in accordance with the requirements of the Companies Act 2006.
Basis for opinlon
We conducted our audit in a¢cordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities lor the audit ol the financial
statements section of our ￿port. We are independent of the charitable company in a¢¢ordance with Ihe ethica1 requiremenis
that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled
our other elhi¢al responsibilities in accord8n￿ with these requirements. We believe that the audit eviden￿ we have obtained
is suffirygnl and appropriate lo provide a basis for our opinion.
Con¢luslons relating to going concern
In auditing the financi81 slalemenls. we have concluded that the trustees, use of the going concem basis of a¢￿untIng in the
preparation of the financial slalemenls is appropriate.
Based on the work we have perforrned, we have not idenbfied any material uncertainties relating lo events or conditsons that,
individually or collectively, may cast significant doubl on the Charitable company's ability to continue as 8 going concem for a
period of al least twelve rnonlhs frorn when the finanryal slalements are aLJihorised for issue.
Our responsibilities and the responsibilities of the trustees with resp￿1 to going COn￿M are described in the ￿levant sections
of this report.
Other information
The trustees are responsible for the other infomialion. The other informaty'on comprises the inlomiation included in the Report
of the Directors. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise expliciuy staled in our report, we do not express any fom) of assurance Conclusion thereon.
In connection with our audit of the financial stalemenls, our responsibility is lo read the olher information and, in doing so,
consider wheiher the other information is materially inconsistent with the financial slalemenls or lo our knowledge obtained in
the audit or othe￿ise appears lo be materially misslaled. If we identify such material In¢onsisten¢ies or apparent rnaterial
misstatements, we are required lo determine whether there is a material misslalemenl In the financial statements or a material
misstalemenl ol the other information. If, based on the work we have performed. we Conclude that there is a material
misstalemenl of this other information, we are required to report that fact. We have nothing lo report in this regard.
Opinions on other matters prescribed by tha Companias A¢t 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Report of the D1￿clOr$ for the finanryal year for which the financjal 5ts1emenls are
prepared is consislenl with the financial slalements.. and
the dire¢lors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the
audit, we have not identified material misstalements in the Report of the Directors.
We have nothing to report in respect of the following matters In ￿latiOn lo which the Companies Act 2006 requires us lo report
to you if, in our opinion..
adequate accounting records have not been kept by the charitable company., or
the charitable company financial statements are not in agreement with the accounting records., or
certain disclosures ol Iruslees, remuneration specified by law are not made.. or
we have not re￿iVed all the infomiation and explanations we require for our audit,. or
13

MAYFLOWER ACADEMY LTD
IA company limited by guaranteg)
the trustees were not entitled to prepare the financial statements in accordance with the small companies, legime and
lake advantage of the small companies. exemptions in preparing the trustees, report and from the requirement to
prepare a strategic ￿pOrt.
Rosponslbllltles of trustees for the financial statemonts
As explained MO￿ fully in th& trustees. responsibilities statement set out on page 12, the Iruslees (who are also the directors
of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalements
and for being satisfied that they give a true and fair view, and for such inlernal control as the Iruslees delemine is necessary
to enable the preparation of financial stslements that are free from material misstatement, whether due lo fraud or error.
In preparing the financial ststernents, the trustees are responsible for assessing the charitable company's ability to continue
as a going concern. disclosing, as applicable, maiters related lo going con¢em and using the going concem basis of accounting
unless the trustees either intend lo liquidate the charitable company or lo coase operations, or have no realistic alternative bul
to do so.
Auditorfs responsibilities for the audlt of the flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free IrDm malerial
misstatement, whether due to fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance
is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a
material misstatemenl when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected to Influen￿ the economic decisions of users taken on the basis of
Ihese financial stalemenls.
Irregularibes, induding fraud, a￿ instsn¢es of non-compliance with laws and regulations. We design procedures in line with
our responsibilities. outlined above. lo delecl material misstatements in respect ol irregularities, including fraud. The extent to
which our procedures are Capable of delecling irregularities, including fraud is detailed below..
Based on our understsnding of the group and the environmenl in which it operates, we identified that the princlpal risks of non-
compliance wilh18ws and regulations related lo health and safety and data prolection legislats'on and we Considered the exlenl
to which non-compliance might have a material effect on the ff nancial statements. We also considered those laws and
regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the
Charities Act 2011.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financAal 5talemenls (including
the risk of override of controls). Audit procedures perforrned by the engagement team included..
Discussions with management including consideration of known or suspected instances of non-compliance with laws
and regulation and fraLJd',
Reviewing the controls and procedures relevant lo the preparation of the financial statements to ensure that these
were in place throughout the year, including during the Covid-19 remote working period..
Evaluating management's Controls designed lo prevent and detect irregularities.,
Identifying and lesbng journals, including using daia analytics So￿are in particuSarjoumal entries posted wlh unusual
account combinations, postings by unusual users or with unusual descriptions., and
Challenging assumpts'ons and judgements made by management In their ¢rili¢al accounting estimates, as described
in the accounting policies.
Because of the inherent limitations of an audit, there is a risk that we will not delecl all iThegularilies, including those
leading lo a material misslalemenl in the financial slalemenls or non-compliance with regulation. This risk increases the
more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
stalemenls, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding
irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion,
omission or misrepresenlalion. A further description of our responsibilitses for the audit of the financial slalemenls is located
on (he Financial Reporbng Council's website al.. www.fr¢.o
.uklaudilorsres
onsibililies. This description forms part of our
audilorfs report.
Usa ofour rgport
This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies A¢1 2006. Our Sudil work has been undertaken so Ihat we might state to the charitable company's members those
matters we are required lo slate lo them in an Auditor's report and for no other purpose. To the fullest extent pemitted by law,
we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's
members, as a body, for our audit worf(, lor Ihis report, or for the opinions we have fomied.
Jane Askew Isenior Stalulory Auditor)
For and on behalf of Haysrnacintyre LLP, Statutory Auditor
10 Queen Street Place, London EC4R 1AG
Date.. 13 December 2022
14

MAYFLOWER ACADEMY LTD
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorporatlng the Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
for tho perlod from Incorporatlon untll 27 March 2022
Total
2022
Total
2021
Note
INCOME FROM:
Donations and legacies
Investments
Charitable activities show income
1,431,520
96
1,058,867
1,127,029
585
Total Income
2,490,483
1,127,614
EXPENDITURE ON..
Raising funds..
sponsorship
Charitable aclivilies..
theatre programmes
education and outreach
16,723
2,214,279
87,128
619,509
125
Total expenditure
2,318,130
619,634
Net Sncome for the perlod
172,353
507,980
TOTAL FUNDS AT 28 March 2021
14
507,980
TOTAL FUNDS AT 27 March 2022
680,333
507,980
All income and expenditure in the current and prior year was unreslricled.
The group statement of financial activities has been prepared on the basis that all operations are continuing
operations.
The notes on pages 1810 26 form part of Ihese financial slalemenls.
15

MAYFLOWER ACADEMY LTD
IA company limitod by guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
For thg period ended 27 March 2022
2022
2021
Note
FIXED ASSETS
Tangible assets
153,574
100,660
153,574
100,660
CURRENT ASSETS
Stocks
Debtors
Cash al bank and in hand
7,366
230,829
643,934
2,329
70,893
513,468
882,129
586,690
CREDITORS: Amounts falllng due within onè yèar
10
{355,3701
1179,3701
NET CURRENT ASSETS
526,759
407,320
NET ASSETS
680,333
507,980
ACCUMULATED FUNDS
Unrestricted incomo funds
General reserve
12
680,333
507,980
TOTAL FUNDS
680,333
507,980
The financial stslements were approved by the t)oard of Directors on 9 December 2022
and signed on ils behalf by..
The note
onp
s 18 to 26 form part of these financial statements.
Directors
MHLeBas
S Sesodia
16

MAYFLOWER ACADEMY LTD
(A company limited by guaranteè)
STATEMENT OF CASH FLOW
for the period ended 27 March 2022
2021
2021
Notg
CASH FLOWS FROM OPERATING ACTIVITIES
18
216,955
622,949
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Purchase of tangible fixed assets
Proceeds from the sale of fixed assets
96
186,5851
1109,7331
252
CHANGE IN CASH AND CASH EQUIVALENTS
IN THE REPORTING PERIOD
130,466
513,468
RECONCILIATION OF NET CASH FLOWTO
MOVEMENT IN CASH AND INVESTMENTS
Increase in cash in the year
130,466
513,468
MOVEMENT IN CASH AND INVESTMENTS
FOR THE PERIOD
130,466
513,468
Nel cash and investments al the start of the
period
513,468
NET CASH AND INVESTMENTS AT END OF
PERIOD
643,934
513,468

MAYFLOWER ACADEMY LTD
IA ￿MpanY limited by guarantoel
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 27 March 2022
STATUS
The company is limited by guarantee, the liability of each member being limited to £25.
ACCOUNTING POLICIES
Basis of accounting
The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities..
Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicabSe in the UK and Republic of Ireland {FRS 1021 (second edition
effective 1 January 20191- Icharilies SORP IFRS 10211, the Financial Reporting Slandafd applicable in the
UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
Mayfiower Academy Ltd Ua MAST M8yfiower Studios {MAL} meets the definition of a public benefit entity
under FRS 102. Assets and liabilities are initially recognised at histOriC81 cost or transaction value unless
otherwise staled in the relevant accounting policy nolelsl.
PreparatSon of accounts on a going concern basis
The Directors remain confident, with the measures put in place to mitigate income losses attributable lo the
COVID 19 pandemic, in MAL'S ability lo continue as a going concern. The review of our financial position
under worst case scenarios, reserves levels and future plans gives the Directors confidence MAL remains
a going concem for the foreseeable future.
Income
Income primarily represents funding received during the year.
Grants and donations
Grants and donations are recognised where there is entitlement, probability of receipt and the amount can
be measured with sufficient reliability. Such income is only deferred when".
The donor specifies that the grant or donation musl only be used in future accounting periods", or
The donor has imposed conditions that musl be mel before MAL has unconditional entillemenl.
Expenditure
Charitable activities include expenditure associated with the provision of community and education activity
(Engage) and include both the direct costs and support costs relating lo these activities.
Governance costs include those incurred in the governance of MAL and its assets and are primarily
associated with constilulional and slatulory requirements.
Operating lease agreements
Rentals applicable lo operating leases where substantially all of the benefits and risks of ownership remain
with the lessor are charged against the Sialemenl of Financial Activities on a slraight-line basis over the
period of the lease.
Tangible fixed assets and depreciation
Tangible fixed assets are slated al cost, being purchase price, less accumulated depreciation. Items are
capilalised if their individual value exceeds £500 or if they combine lo form an asset whose entire value
exceeds £500. Oeprecialion is provided on all tangible fixed assets, other than long leasehold land, al rates
calculated to write off the cost or valuation, less estimated residual value, of each asset evenly over its
expected useful lrfe, as follows..
Plant and machinery
Fixtures and fittings
Computers and communications
Leased assets (other than buildings)
5 to 20 years slraighl line
3 10 25 years slraighl line
3 to 10 years straight line
over the life of the lease
18

MAYFLOWER ACADEMY LTD
{A company limited by guarant991
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 27 March 2022
Stocks
Stock is valued al the lower of cost, being purchase price, and net realis2ble value, after making allowance
due for obsolete and slow-moving items.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade éiscounl offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash al bank and cash in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where MAL has a present obligation resulting from a past event
that will probably result in the transfer of funds to a Ihiré party and the amount due lo settle the obligation
can be measured or eslimaled reliably. Creditors and provisions are normally recognised at their selllemenl
amount after allowing for any trade discounts due.
Financial instruments
MAL only has financial assets and fsnancial liabilities of a kind that qualify as basic financial inslrumenls.
Basic financial instruments are initially recognised al transaction value and subsequently measured at their
selllemenl value.
Pension costs
MAL operates a defined contribution pension scheme for employees. The assets of the scheme are held
separately from those of MAL. The annual contributions payable are charged lo the Slalemenl of Financial
Activities.
Fund accounting
The nature and purpose of each fund is described in note 14 and on page 9 in the description of reserves.
Liquid resources
Liquid resources indude current asset investments, being monies held in fixed term deposit accounts.
Crltical accountlng Judgements and estlmatlon uncertalnty
There are no critr'cal judgements and eslimales.
DONATIONS AND LEGACIES
2022
2021
Arts Council
Southampton City Council
Other Donations
1,085,170
290,000
56,350
905,804
221,000
225
1,431,520
1,127,029
INVESTMENT INCOME
2022
2021
Bank interest receivable
19

MAYFLOWER ACADEMY LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 27 March 2022
INCOME FROM CHARITABLE ACTIVITIES
2022
2021
Ticket sales and auditorium fees
Booking fee
Rental income
Ancillary trading income
In-house production income
Engage Income
Business Rates Rebate
VAT refund
Miscellaneous inoome
546,803
35,976
60,976
93,579
111,660
46,538
23,482
83,S47
56,306
585
1,058,867
585
ANALYSIS OF EXPENDITURE
Support costs
Other support
Governance
costs
costs
2022
2022
Direct
costs
2022
Total
2022
Raising funds..
-sponsorship
Charitable activities=
theatre programmes
education and outreac
16,723
16.723
1,824,261
87,128
379,618
10,400
2,214,279
87,128
1,928,112
379,618
10,400
2,318,130
Support costs
Other support
Governance
costs
costs
2021
2021
Dirg
costs
2021
Total
2021
Charitable aclDiities'.
theatre programmes
- education and outreach
368,770
125
245,339
5,400
619,509
125
368,895
245,339
5,400
619,634
20

MAYFLOWER ACADEMY LTD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 27 March 2022
2022
2021
Support costs consist of the following..
Other staff costs
11,8S2
6,516
327,579
33,671
10,400
8,394
47
228,177
8,721
5,400
Finance
Eslablishmenl
Depreciation
Governance
390,018
250,739
Governance costs consist of the following-.
Audilorfs remuneration (excluding VAT}
Other professional fees
8,000
2,400
5,400
10,400
5,400
NET MOVEMENT IN FUNDS
2022
2021
This is slated after charging..
Auditors, remuneration. audit
Depreciation of owned fixed assets
Operating lease rentals - land and buildings
Loss on disposal of fixed assets
8,000
33,671
28,454
5,400
8.721
19,552
100
STAFF COSTS
2022
2021
Wages and salaries
Social security costs
Other pension costs
838,746
54,682
28,058
191,846
5,214
2,552
921,486
199,612
21

MAYFLOWER ACADEMY LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For thg pariod onded 27 March 2022
The average number of full-lime equivalent employees (including casual and part lime staff) during the period was as
follows-
2022
Number
2021
Number
FTE
FTE
Leadership team
Other staff
52
29
59
10
10
No remuneration was paid during the period lo any member of the Board of Direclors12021-. £Nil}. During the
period MAL did not reimburse any Iravelling expenses of the Board of Direclors.12021.. £Nill.
There were no employees whose emoluments amounted lo over £60,000 in the period.
Total leadership team17 employees) remuneration (including salary, pension, bonus payments. and healthcare) is
£230,12412021.' £63,244). The variance is due lo the majority not being recruited until the final quarter of 2020121.
22

MAYFLOWER ACADEMY LTD
{A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the perlod ended 27 March 2022
TANGIBLE FIXED ASSETS
Flxtures
and
fittings
Land and
buildings
Plant and
machingry
Total
Cost:
Al 29 March 2021
Additions
83,711
32,283
25,666
45,784
109,377
86,585
8,518
Al 27 March 2022
8,518
115,994
71,450
195,962
Depreciation:
Al 29 March 2021
Provided during the period
7.767
28.353
950
5,185
8,717
33,671
133
Al 27 March 2022
133
36,120
6,135
42,388
Net book valug:
At 27 March 2022
8,385
79,874
65,315
153,574
At 29 March 2021
75.944
24,716
100,660
DE8TORS
2022
2021
Traee debtors
Other debtors
Prepayments and accrued illcome
26,722
116,103
88,004
2,925
67,968
230,829
70,893
10.
CREDITORS: amounts falllng due within one year
2022
2021
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income
115,244
16,026
9,184
214,916
26,669
6,064
91,969
54,668
355,370
179,370
23

MAYFLOWER ACADEMY LTD
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
Forthe period ended 27 March 2022
11.
ANALYSIS OF DEFERRED INCOME
2022
2021
Deferred income brought fO￿ard
Arnounls released lo income in the period
Amounts deferred in the period
54,668
154,668)
194,605
54,668
Deferred income carried forward
194,605
54,668
12.
RELATED PARry TRANSACTIONS
Ouring the financial year Mayfiower Academy Ltd paid a management fee of £360,422 to Mayfiower Theatre
Trust for the provision of support services under the terms of a Service Level Agreement. Al the year end.
£98,077 was owed by Mayfiower Theatre Trust to Mayf ower Academy Limiled.12021.. £89,975) was owed to
Mayfiower Theatre Trust by ma￿lOWer Academy Limited.
Mrs J Ockwell, spouse of Mr M Ockwell, Chief Executive and Creative Director of Mayfiower Academy Ltd during
2021 provided creative services for the Engage Programme in the period for the remuneration of £9,52512021'.
£2501.
There were no other related paty transactions in the period.
24

MAYFLOWER ACADEMY LTD
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the perlod ended 27 March 2022
13.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
General
accumulatgd
fund
2022
Fixed assets
Current assets
Current liabilities
153,574
766,026
1239,267}
680,333
Unrestrleted
General
accumulated
fund
2021
Fixed assets
Current assets
Current liabilities
100,660
586,690
1179,3701
507,980
14.
FREE RESERVES
The free reserves of MaWlower Academy Ltd sland al £526,759 as al the period
ended 27 March 2022. This figure is made up of:
2022
2021
Unrestricted general lundesignatedl funds
Less fixed assets held in general undesignaled funds
680,333
1153,5741
507,980
1100,660}
526,759
407,320
25

MAYFLOWER ACADEMY LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 27 March 2022
15.
RECONCILIATION OF FUNDS AND MOVEMENTS ON RESERVES
Unrestricted
General
reserve
Total
At 28 March 2021
Income
Expenditure
Gain on investment asset
Transfer
507,980
2,490,483
12,318,130)
507,980
2,490,483
12,318,130)
At 27 March 2022
680,333
680,333
General Resep40
This fund includes the surplus for ma￿oWer Academy Ltd for the period ended 27 March 2022 to be utilised
in the mission and activities of the organisalion.
16.
PENSION COMMITMENTS
MayFTower Academy Ltd operates a defined contribution pension scheme for ils employees. The assets of the
scheme are held separately from those of the company in an independently administered fund.
The charge in the accounts was £28,05812021'. £2,552) and an amount of £8,960 (2021.. £1,9941 was included
in creditors al the peri(xl end.
17.
OPERATING LEASE COMMITMENTS
Al 27 March 2022 the charity had the following commitments under operating leases, prepaid during the year-.
Leasehold
buildings
2022
Leasehold
buildings
2021
Amounts falling due within one year
Amounts falling due in 1-5 years
Amounts falling due in more than 5 years
10,060
30,180
10,060
40,240
40,240
50,300
18.
CAPITAL COMMITMENTS
There were no capital commitments at the 2022 period end.
26