THE THEATRICAL GUILD (A COMPANY LIMITED BY GUARANTEE) EXECUTIVE COMMITTEE’S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
THE CHARITY FOR BACKSTAGE AND FRONT OF HOUSE COMPANY NUMBER: 00557828 CHARITY NUMBER: 206669
THE THEATRICAL GUILD (LIMITED BY GUARANTEE) CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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Executive Committee’s Report
(Including Statement of Responsibilities) 1-5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
Statement of Cashflows 9
Notes to the Accounts 10-14
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) EXECUTIVE COMMITTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The Executive Committee (who are also Directors of the Charity for the purposes of the Companies Act) present their report and the financial statements for The Theatrical Guild (the Company) for the year ended 31 December 2021 which are also prepared to meet the requirements for a Directors’ report and accounts for Companies Act purposes.
The accounts comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (published in October 2019).
OUR PURPOSES AND ACTIVITIES
The Theatrical (Ladies) Guild was established in 1891 by the actress C.L (Kittie) Carson to 'give relief or assistance to members of the theatrical profession in financial distress'. The purpose of The Theatrical Guild for the public benefit is to be available to help anybody in need, who is or has worked backstage or front of house in professional theatre.
The Charity’s principal activity continues to be to seek funds in order to provide financial support for the beneficiaries of the Charity.
In shaping our objectives for the year and planning our activities, the Executive Committee have considered the Charity Commission’s guidance on public benefit, including the guidance ‘Public Benefit: Running A Charity (PB2)’.
The Executive Committee traditionally meet in person on a monthly basis (with the exception of August) and grants to individuals are determined in these meetings, but during the Covid-19 pandemic, meetings were held on Zoom and decisions on grant making made both via email and during meetings (due to the significant increase in demand for support). The main criterion for assessment is that of financial and emotional need. When making decisions on applications, each case is judged on its own merits, but relevant experience in the profession is required. The Theatrical Guild aims to help to solve the immediate problem and empower individuals to find longer term solutions. Grants are given on a regular basis including emergency support and ‘one off’ requests.
Grants to charitable institutions, such as care homes, are increasingly rare, but are also determined by the Executive Committee. The assessment criteria being the support these institutions provide for The Theatrical Guild’s beneficiaries and the financial requirement of those institutions to continue to provide and/or improve that support.
ACHIEVEMENTS AND PERFORMANCE (INCLUDING FINANCIAL REVIEW AND RESERVES POLICY)
The Investment Policy as set down by the Executive Committee is to generate a high level of income to enable The Theatrical Guild to continue to support its beneficiaries and to protect and grow the capital over the long term.
At the 31st December 2021 the Theatrical Guild investment portfolio was valued at £2,941,159, having appreciated +13.2% in total return terms over the year. Overall it was a positive period, providing investors with the third calendar year in a row of solid positive returns, while over the 8 years to the 31st December 2021 the portfolio has returned +102.9% in total return terms, an annualised return of +7.9% per annum (in total return terms, net of fees).
The Executive Committee actively encourage donations through fundraising and legacies, all of which offer a valuable source of financial help and an effective way of ensuring the continuation of the Charity’s work. Financial bequests, royalties or theatrical memorabilia are welcomed as ways of helping the Theatrical Guild raise additional funding for the benefit of our beneficiaries.
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) EXECUTIVE COMMITTEE’S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
The Theatrical Guild’s level of support of beneficiaries in 2021 totalled 410. These included quarterly support payments, short term grants, one-off grants, access to counselling, educational bursaries, welfare and wellbeing advice and signposting. The majority of support was for emergency need (rent / mortgage payments, food, medical costs, etc.) due to the continuing loss of income and lack of Government support experienced by many theatre workers due to the Covid-19 pandemic.
Examples of some of the support given are:
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A Production Manager from Leeds was given an emergency grant to help him cover his mortgage payments over three months after the tour he was to be working on was cancelled without warning.
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A Box Office worker was given an emergency grant and access to counselling after he lost all work and his mother was diagnosed with stage 4 cancer. This has left him struggling with his mental health over his inability to find work as well as the responsibility of caring for his mother.
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A Theatre Manager from Yorkshire was given a grant to fund a series of counselling sessions after the sudden death of her husband leaving her unable to work and the sole provider for her two young sons.
As shown in note 7, the cost of grants (including support costs) were lower than 2020 due to the start of the re-opening of theatres. In 2021, grants amounted to £220,073 (2020: £450,028).
The Theatrical Guild had just over £3.042 million of unrestricted reserves at 31 December 2021 (2020: £2.670 million). The funds are invested to provide the income for The Theatrical Guild to meet the future needs of their beneficiaries, the cost of which the Executive Committee expects to continue to rise. The policy is therefore to maintain sufficient reserves to ensure that this level of need can be funded.
Having reviewed the financial position, the Executive Committee have a reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt a going concern basis in preparing the financial statements. This conclusion takes into consideration the financial effect of the Covid-19 pandemic.
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) EXECUTIVE COMMITTEE’S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Charity number: 206669 Company number: 00557828 Registered office: 11 Garrick Street, London, WC2E 9AR Company secretary: Adam Bambrough (resigned 01/02/2022) OUR ADVISERS Accountants TC Group Bankers Unity Trust Bank plc Stockbrokers JM Finn & Co Ltd EXECUTIVE COMMITTEE Ambassadors Prasanna Puwanarajah Simon Russell Beale CBE President Phyllida Law OBE Vice-Presidents Polly Adams Joanna David Jane How Belinda Lang Barbara Leigh-Hunt Joanna McCallum Liz Robertson Lalla Ward Honorary Treasurer Biddy Hayward
Executive Committee
The Directors of the charitable company (the Charity) are its trustees for the purpose of Charity law. The trustees and officers serving during the year and since the year end were as follows:
Jan Carey (Chair) Michael Carling Claire Carrie (Deputy Chair) Claire Cartwright Brenda Edelstein Alan Hatton Biddy Hayward (Treasurer) Catherine Kodicek (Deputy Chair, resigned 01/10/2021) Sophie Roberts, resigned 01/10/2021 Hugh Sachs
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) REPORT OF THE EXECUTIVE COMMITTEE (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Theatrical Guild (TTG) is a company limited by guarantee incorporated in 1955 to carry on the work of the unincorporated association of the same name. The Theatrical Guild’s governing document is its Memorandum and Articles of Association dated 26 November 1955, as amended 6 June 1956 and 10 October 1968. It is registered as a Charity with the Charity Commission.
Appointment and training of trustees
The President and Chairman who are elected by the Executive Committee are ex officio. The Executive Committee who are 10 in number constitute the Directors of The Theatrical Guild and are elected annually at the Annual General Meeting. A casual vacancy may be filled by the Executive Committee. The Executive Committee are selected for their specific knowledge to keep a balance of skills within the Board. All members of the Executive Committee have opportunities throughout the year to attend training courses provided by advisers.
Organisation
The Charity is organised by the Executive Committee in accordance with its governing document. The Executive Committee meet on a monthly basis (with the exception of August).
Responsibility for day to day management of charity until his resignation in November 2021 is delegated to the General Manager Adam Bambrough.
The arrangements for setting pay and remuneration is handled by the two members of the Board one of whom is an experienced HR professional. This includes a minuted annual review which is approved by all parties in attendance. Remuneration is based on ONS for RPI and CPI inflation rates and achievement during the previous 12 months. The Chair has final approval.
RISK MANAGEMENT
The Directors, who constitute the Executive Committee, are responsible for identifying, assessing and managing risk in the Charity. The Executive Committee consider risk in all appropriate decisions made in Committee meetings and review annually the risks the Charity may face. The Theatrical Guild generally receives the majority of its income from investments and safeguards this interest by working with a reputable stockbroker from an established firm whose performance is managed by the Executive Committee.
OTHER ORGANISATIONS WITH WHICH THE THEATRICAL GUILD COLLABORATES
The Theatrical Guild is a member of the Combined Theatrical Charities (CTC) and works regularly with its ‘partner’ charities to help and promote the umbrella organisation as well as the fundraising events, known as ‘Acting for Others’. The Charity benefits from the combined knowledge and experience of other theatrical charities particularly those which share the financial assistance of several beneficiaries. The Charity is especially grateful to the Royal Theatrical Fund, Equity Charitable Trust, Royal Variety Charity, Backup, Delfont Mackintosh Theatres, LW Theatres, The Ivor Novello Charities, the Ambassadors Theatre Group and the Stage Management Association.
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) REPORT OF THE EXECUTIVE COMMITTEE (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
FUTURE PLANS AND OBJECTIVES
The Executive Committee continues to review the Theatrical Guild's fundraising strategy in order to meet the increased demand for support from individuals working backstage and front of house.
Promoting the work of the Charity through word of mouth, online presence, social networking, fundraising events and print promotion as well as liaising with theatres throughout the United Kingdom continues to be key objectives. ·
As a result of the pandemic the Executive Committee reviewed and agreed to widen its range of support and going forward it is committed to annually assess its funding for beneficiaries to ensure an - appropriate level of financial aid is given.
STATEMENT OF THE EXECUTIVE COMMITTEE'S RESPONSIBILITIES
The Directors, who constitute the Executive Committee, are responsible for preparing the Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Executive Committee to prepare accounts for each financial year which give a true and fair view of the state of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Executive Committee is required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue in business.
The Executive C mmittee is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report has been prepared in accordance with the provisions of the Companies Act 2006 relating to sm II companies.
Biddy Hayward
Treasurer and member of the Executive Committee
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT TO THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2021
Independent examiner's report to the trustees of The Theatrical Guild
I report on the Charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
Respective responsibilities of Trustees and examiner
As the Charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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(1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or
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(2) the accounts do not accord with those records; or
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(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination: or
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(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Cummins FCCA FCIE
On Behalf of TC Group
Date: 7 September 2022 Office: Steyning, West Sussex
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes Income from: Donations and legacies 4 Charitable activities 5 Investments 6 Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure 7 Net gains on investments 9 Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2021 £ 173,038 40,000 70,274 96,773 380,085 39,293 267,846 307,139 299,355 372,301 2,670,038 3,042,339 |
Total 2020 £ 558,563 70,000 67,674 - |
|---|---|---|
| 696,237 | ||
| 18,826 502,266 |
||
| 521,092 | ||
| 38,509 | ||
| 213,654 2,456,384 |
||
| 2,670,038 |
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
All activities are classified as continuing. There are no recognised gains or losses other than those reported on the statement of financial activities.
All funds are unrestricted.
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2021
| • Notes FIXED ASSETS Tangible assets 8 Investments 9 CURRENT ASSETS Cash held with brokers Accrued income Prepayments Other debtors Cash at bank and in hand Taxation and social security costs CREDITORS:amounts falling due within one year Taxation and social security costs Trade&other creditors Accruals NET CURRENT ASSETS NET ASSETS THE FUNDS OF THE CHARITY Unrestricted funds 10 |
£ 43,691. 111,380 2,500 2,000 5,538 1,560 |
2021 £ 2020 £ 1 2,882,859 2,570,383 2,882,859 2,570,384 70,791 102 48,279 119,172 2,743 8,355 8,420 19,518 159,480 99,654 |
|---|---|---|
| 166,669 3,569 3,620 7,189 |
||
| 3,042,339 2,670,038 3,042,339 2,670,038 3,042,339 2,670,038 |
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
accounts were approved by the Board on..................
Biddy Hayward'
Treasurer and member of the Executive Committee
Company Registration No: 00557828
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Cash flows from operating activities: | |||||
| Net income/(expenditure) for the year | 372,301 | 213,654 | |||
| Adjustments for: | |||||
| Depreciation charges | 8 | 1 | 151 | ||
| Dividends and interest from investments | 6 | (70,274) | (67,674) | ||
| (Gains) / losses on investments | (299,355) | (38,509) | |||
| (Increase)/decrease in debtors | (115,778) | 14,795 | |||
| Increase/(decrease) in creditors | (13,889) | 10,319 | |||
| ──────── | ──────── | ||||
| Net cash provided by/(used in) operating activities |
(126,994) | 132,736 | |||
| Cash flows from investing activities: | |||||
| Dividends and interest from investments | 70,274 | 67,674 | |||
| Payments to acquire investments | 9 | (246,120) | (491,901) | ||
| Receipts from sales of investments | 232,999 | 380,331 | |||
| ──────── | ──────── | ||||
| Net cash provided by/(used in) investing activities |
57,153 | (43,896) | |||
| ──────── | ──────── | ||||
| Change in cash and cash equivalents in year |
(69,841) | 88,840 | |||
| Cash and cash equivalents at the beginning of the year |
119,070 | 30,320 | |||
| ──────── | ──────── | ||||
| Cash and cash equivalents at the end of the year |
49,229 | 119,070 | |||
| ════════ | ════════ | ||||
| Cash and cash equivalents above are represented by: | |||||
| Cash at bank and in hand | 43,691 | 48,279 | |||
| Cash held with brokers | 5,538 | 70,791 | |||
| ──────── | ──────── | ||||
| 49,229 | 119,070 | ||||
| ════════ | ════════ |
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. LEGAL STATUS OF CHARITABLE COMPANY
The Theatrical Guild is a charitable company, limited by guarantee, registered in England and Wales. The charitable company’s registered number and registered office address can be found in the Executive Committee’s report.
In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.
2. ACCOUNTING POLICIES
a) Basis of preparation
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
The Theatrical Guild meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties about The Theatrical Guild’s ability to continue as a going concern. This conclusion takes into consideration the financial effect of the Covid-19 pandemic.
b)
Income
Legacy income is accounted for in the Statement of Financial Activities when the Charity is entitled to the income, receipt is probable and when the amount can be quantified with sufficient accuracy.
Donations and other forms of voluntary income are recognised as income when receivable, except insofar as they are incapable of financial measurement. Subscriptions are included in the financial statements at the time they are receivable.
Other trading activities represent income from organised events and are recognised when receivable.
Investment income and other income is accounted for when receivable.
c) Expenditure
Expenditure is accounted for on an accruals basis with any irrecoverable element of VAT included within the item of expense to which it relates.
Expenditure on raising funds includes costs incurred by the Charity in fundraising, publicity and stockbroker fees.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. Grants payable are charged in the year when the offer is approved by trustees and conveyed to the recipient.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include independent examination fees and costs linked to the strategic management of the Charity. These are shown within support costs.
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
All costs are allocated between expenditure categories of the sofa on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned based on estimated usage as a proportion of directly attributable expenditure.
d)
Fixed Assets
An asset is defined as a unit of tangible property which has an economic useful life of more than 12 months and was acquired or produced for a cost of more than £500 including acquisition and installation costs on the same invoice.
Depreciation is provided on all tangible fixed assets in use at rates calculated to write off the cost of each asset over its expected useful life, as follows:
Office equipment - over 5 years.
e)
Investments
Investments are included at fair value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.
f)
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
g) Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments. The Executive Committee seek to use short term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.
h) Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
i) Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Basic financial instruments are recognised at amortised cost.
j)
Funds
Funds held by the Charity are unrestricted funds. These are funds received for use in line with the general objects of the Charity.
k) Operating leases
Rental charges are charged on a straight-line basis over the term of the lease.
l) Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.
The trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
3. TAXATION
The charitable company is registered as a charity and all of its income falls within the exemptions under part 11 of the corporation tax act 2010.
4. INCOME FROM DONATIONS AND LEGACIES
| 4. INCOME FROM DONATIONS AND LEGACIES |
|
|---|---|
| Donations and grants Legacies 5. INCOME FROM CHARITABLE ACTIVITIES Combined Theatrical Charities 6. INVESTMENT INCOME Income from securities Royalties |
2021 2020 £ £ 136,079 558,563 36,959 - 173,038 558,563 |
| 2021 2020 £ £ 40,000 70,000 40,000 70,000 |
|
| 2021 2020 £ £ 69,833 67,410 391 264 70,274 67,674 |
7. EXPENDITURE
| Staff Other Grant costs Costs funding £ £ £ Raising funds Fund raising expenses - 17,438 - Stockbroker fees - 21,855 - - 39,293 - Charitable activities Grants - - 220,073 Support costs 36,776 10,997 - 36,776 10,997 220,073 Total expenditure 36,776 50,290 220,073 Analysis of support costs (including Governance costs) Wages and salaries Rent General office and administration Independent examiner’s remuneration |
Total 2021 £ 17,438 21,855 39,293 220,073 47,773 267,846 307,139 2021 £ 36,776 5,000 2,697 3,300 47,773 |
Total 2020 £ - 18,826 18,826 450,028 52,238 502,266 521,092 2020 £ 34,233 7,500 7,505 3,000 52,238 |
|---|---|---|
Analysis of support costs (including Governance costs)
Included within wages and salaries above are defined contribution plan pension contributions of £1,581 (2020: £1,642).
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
7. EXPENDITURE (continued)
During the year the charity provided grants to 410 individuals totalling £220,073 (2020: 1,051 individuals totalling £450,028). Details of the grants provided can be found within the Executive Committee’s Report.
The average full-time equivalent number of staff employed by the charity was one (2020: one).
There were no employees whose annual remuneration was £60,000 or more.
The key management personnel of the charitable company comprise of the General Manager who is the only employee.
8. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Cost As at 1 January 2021 & 31 December 2021 Depreciation As at 1 January 2021 Charge for year As at 31 December 2021 Net Book Value As at 31 December 2021 As at 31 December 2020 INVESTMENTS Listed investments Market value at 1 January 2021 Less: disposals at carrying value Add: acquisitions at cost Unrealised gains/(losses) on revaluation Market value at 31 December 2021 Historical cost |
2021 £ 2,570,383 (226,592) 246,120 292,948 2,882,859 1,919,396 |
Office Equipment £ |
|
| 10,646 | |||
| 10,645 1 |
|||
| 10,646 | |||
| - | |||
| 1 | |||
| 2020 £ 2,420,304 (474,511) 491,901 132,689 2,570,383 1,869,287 |
|||
9. INVESTMENTS
The gain on investments of £299,355 (2020: £38,509) as shown in the Statement of Financial Activities comprises of realised gains on sale of investments of £6,407 (2020: losses of £94,180) and unrealised gains on investments held at the year-end of £292,948 (2020: gains of £132,689).
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THE THEATRICAL GUILD (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
10. SUMMARY OF FUND MOVEMENTS
All funds are unrestricted.
| Brought forward Income Expenditure Net gains/(losses) on investments Carried forward NALYSIS ON NET ASSETS Fund balances are represented by: Fixed assets Current assets Creditors: less than one year |
2021 2020 £ £ 2,670,038 2,456,384 380,085 696,237 (307,139) (521,092) 299,355 38,509 |
|---|---|
| 3,042,339 2,670,038 2021 2020 £ £ 2,882,859 2,570,384 166,669 119,172 (7,189) (19,518) |
|
| 3,042,339 2,670,038 |
11. ANALYSIS ON NET ASSETS
12. CONTROL
During the year the charity was controlled by the Executive Committee.
13. RELATED PARTY TRANSACTIONS
None of the Executive Committee (or any persons connected with them) received any remuneration during the year or received any reimbursement of expenditure.
14. COMMITMENTS
At 31 December 2021 the Charity had total commitments under non-cancellable operating leases as follows:
| Due within one year Due between two and five years |
Land and buildings 2021 2020 £ £ 15,150 - 10,300 - |
|---|---|
| 25,450 - |
Lease payments recognised as an expense in the year amounted to £5,000 (2020: £7,500).
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