| Contents | |
|---|---|
| COMPANYINFORMATION.,..... | ................3 |
| TRUSTEES REPORT FORTHEYEARENDED31MARCH2023..,.....,..,. | ......-....4 |
| CONSOLIDATEDSTATE MENT OFFINANCIALACTIVITI ES..,..,. | ....... 25 |
| CONSOLIDATED BALANCESHEET | 27 |
| CONSOLIDATED STATEMENT OFCASHFLOWS | LJ |
| NOTESTO THE FINANCIAL STATEMENTS.. | 30 |
| T, ACCOUNTINGPOLICIES |
30 |
| 3. EXPENDITUREONRAISING FUNDS |
34 |
| 7. REMUNERATIONOFTRUSTEES.............-.. |
.36 |
| 9. TANGIBLEFIXED ASSETS |
)t |
| 10.INVESTMENTS | 38 |
| 13.DEFERREDINCOME. | 39 |
| T4.PENSIONS | 39 |
| 17.GROSS TRANSFERSBETWEEN FUNDS.. | 43 |
| 18.RECONCILIATION OF NETMOVEMENT INFUNDSTONET CASH FLOW FROM OPERATING ACTIVITIES | 44 |
| 2T,CONTINGENTASSETSANDLIABILITIES | 46 |
| 22,RELATED PARTYTRANSACTIONS.. | .46 |
| Sir Roger Carr | (Chair) |
|---|---|
| SueButcher | (DeputyChair) |
| SanazAmidi | (appointed 7June2023| |
| MarilynBerk | |
| LadyDeborah Buffini | |
| Kamara Gray | |
| Sandra Honess | (appointed7June2023) |
| ChristopherMarks | |
| Paul Pacifico | (resigned7December 2022) |
| ChristopherSaul | (resigned 23 February 2023) |
| Susan Sloan | |
| Dr ShirleyThompson | |
| Caroline Thomson |
| (lncorporatinganlncome andE | xpenditureAc | count)for theyearending3LMarch2023 | count)for theyearending3LMarch2023 | count)for theyearending3LMarch2023 | ||
|---|---|---|---|---|---|---|
| GeneralDesignatedRestricted Funds Funds Funds |
Total Funds |
Total Funds |
||||
| Nofes | 2023 | 2023 | 2023 | 2023 | 2022 | |
| f000 | f000 | f000 | f000 | f000 | ||
| lncomefrom: | ||||||
| Donationsand Grants: | ||||||
| Grants26,4t5-503 Donations |
122 | - | I,665 | 6,918 2,387 |
9,r23 4,679 |
|
| Charitable activities: | ||||||
| Ticket salesandtourfees | 7,842 | 7,842 | 3,867 | |||
| Outreachand engagement | 228 | 228 | 29 | |||
| Othertradingactivities: | ||||||
| Tradingactivities | 1,,46r | 1,461- | L,3r2 | |||
| Production hire&Co- | 30 | 30 | 1_,O74 | |||
| productionlncome | ||||||
| Programmes&merchandising | r32 | 132 | 69 | |||
| Membershipsubscriptions | 58 | 58 | 59 | |||
| lnvestmentlncome | 225 | 225 | ||||
| Otherincorne | L46 | L46 | 24 | |||
| Totallncome | 17,259 | 2,1.68 | 19,427 | 20,236 | ||
| Expenditureon Raisingfunds |
3 | (7s4]l | (63) | (1) | (818) | (68s) |
| Commercial Trading | (326) | (27], | (3s3) | (387) |
||
| Operations | 3 | |||||
| Charitable activities: | ||||||
| Productionsandperformances | 4 | (15,996) | (1,387) | (666) | (18,049) | (17,355) |
| Outreachand engagement Total Expenditure |
4 | (441) (t7,5L7',1 |
(70) (L,5471 |
(3es) (t,O62l |
(eo6) (20,L26) |
623\ (19,050) |
| Net(expenditure)/income | (2s8) | (L,5471 | t,1t16 (699) | L,186 |
||
| Otherrecognisedgains- Theatretaxrelief |
2,053 | 2,053r,02r | ||||
| Transfersbetweenfunds Net movementinfunds |
17 | (1,s18) 277 |
2,073 526 |
(sss) 551 |
r,354 | 2,207 |
| Reconciliationof funds: | ||||||
| Netfunds brought forward Net funds carriedforward |
3,1-95 3,472 |
29,426 29,952 |
L,48334,104 3r,897 2,03435,45834,LO4 |
| CONSOLIDATED BALANCESHEET | |||
|---|---|---|---|
| Asat 3l- March2023 | |||
| Notes | 2023 | 2022 | |
| €'000 | f'000 | ||
| Fixed Assets: | |||
| Tangibleassets | I | 21_,855 | 23,265 |
| Currentassets: | |||
| Work inprogress | 139 | 36 | |
| Debtors | 1,1 | 6,048 | 7,052 |
| Cashatbank and inhand | 12,549 | 8,004 | |
| Total currentassets | 18,736 | 092 15 |
|
| Liabilities: | |||
| Creditorsfallingduewithinoneyear | 12 | (5,133) | (4,253) |
| NetCurrentassets | 1"3,603 | 10,839 | |
| Totalassetslesscurrent liabilities | 35,458 | 34,r04 | |
| Creditors fallingdueafteroneyear | |||
| Total netassets | 35,458 | 34,L04 | |
| Thefundsofthecharity: | |||
| Generalfunds | 15 | 3,472 | 3,195 |
| Designated funds | 15 | 29,952 | 29,426 |
| Total unrestricted funds | 33,424 | 32,621_ | |
| Resfficted funds | T6 | 2,034 | 1,,483 |
| Total charity funds | 35,458 | 34,tO4 |
| CHARITY BALANCESHEET Asat 3LMarch2023 |
|||
|---|---|---|---|
| Notes | 2023 | 2022 | |
| f'000 | f'000 | ||
| FixedAssets: | |||
| Tangibleassets | 9 | 21,,855 | 23,265 |
| Currentassets: | |||
| Workinprogress | 139 | 36 | |
| Debtors | t1 | 4,9r0 | 6,954 |
| Cashatbank and inhand | 12,120 | 6,371 | |
| Totalcurrentassets | 17,1,69 | 13,361 | |
| Liabilities: | |||
| Creditorsfallingduewithinone year | 12 | (3,566) | (2,522) |
| Net Currentassets | 13 603 | 10,839 | |
| Totalassetslesscurrent liabilities | 35,458 | 34,I04 | |
| Creditorsfallingdueafterone year | |||
| Total netassets | 35,458 | 34,IO4 | |
| Thefunds ofthecharity: | |||
| General funds | 15 | 3,472 | 3,195 |
| Designatedfunds | 15 | 29,952 | 29,426 |
| Total unrestricted funds | 33,424 | 32,62I | |
| Restrictedfunds | 1,6 | 2,034 | 1,,493 |
| Total charityfunds | 35,458 | 34,LO4 |
| CONSOLI DATEDSTATEM ENT OFCASHFLOWS Asat31March2023 |
|||
|---|---|---|---|
| Notes | 2023 | 2022 | |
| Ê'000 | f'000 | ||
| Cashflowsfromoperating activities: | |||
| Netcashflowprovidedbyoperatingactivities | 18 | 4,437 | L,r94 |
| Cashflowsfrominvestingactivities: | |||
| Bankinterest | 155 | ||
| Purchaseof property,plantandequipment | (47) | (3) | |
| Net cash used in investingactivities | 108 | (3) | |
| Change incash inthereportingperiod | 4,545 | L,r91 | |
| Cashatthebeginning ofthe reportingperiod | 8,004 | 6,813 | |
| Cashattheendofthereportingperiod | L2,549 | 8,004 |
| General | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| Ê000s | f000s | f000s | f000s | |
| ArtsCouncilEngland-revenuefunding | 6,328 | 6,328 | 6,328 | |
| Trustsandfoundations | 87 | 503 | 590 | 69s |
| UKGovernmentCoronavirus Job Retention | ||||
| Scheme | 176 | |||
| 6,4I5 | 503 | 6,9L8 | 7,!99 | |
| Exceotionalfuncii duetooandemic |
||||
| Department ofDigital,Culture,Media &Sports -CultureRecovery FundL |
820 | |||
| Department ofDigital,Culture,Media & Sports -CultureRecovery Fund3 |
1,I04 | |||
| 1,,924 | ||||
| Total2023 | 6,41.5 | s03 | 6,91_g | 9,r23 |
| fo6l2022 | 8,592 | 531 | 9,r23 |
| RAISINGFUNDS | General | Designated | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | ||
| Notes | 2023 | 2023 | 2023 | 2023 | 2022 | |
| f'000 | €'000 | Ê'000 | f'000 | f'000 | ||
| Supportcosts | 5 | 154 | 63 | t | 218 | 180 |
| Events | 77 | 77 | 176 | |||
| Otherfundraisingcosts | 523 | 523 | 329 | |||
| Total2023 | 754 | 63 | 1 | 818 | 685 | |
| Total 2022 | 633 | 5L | L | 685 |
| COMMERCIAL TRADING | ||||||
|---|---|---|---|---|---|---|
| OPERATIONS | General | Designated | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | ||
| Notes | 2023 | 2023 | 2023 | 2023 | 2022 | |
| f'000 | E'000 | Ê'000 | c'000 | f'000 | ||
| Supportcosts | 5 | 6l | 27 | 94 | r02 | |
| OtherCommercial TradingCost | 259 | 259 | 285 | |||
| Total2023 | 326 | 27 | 353 | 387 | ||
| foál2022 | 357 | 30 | 387 |
| .EXPENDITUREONCHARITAB | LEACTIVIT | IES | |||||
|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | Funds | |||
| Notes | 2023 | 2023 | 2023 | 2023 | 2022 | ||
| f'000 | f'000 | Ê'000 | f'000 | f'000 | |||
| Productions and Performances | |||||||
| Supportcosts | 5 | 3,409 | 87 3 1 |
21 | 4,817 | 4,565 | |
| Productionand rehearsalcosts | 574 | 327 | 901 | 2,850 | |||
| Performancecosts | 4,260 | 4,260 | 2,380 | ||||
| Artists | 3,867 | 318 | 4,185 | 3,998 | |||
| Technical, stage,wardrobe | 902 | 902 | 757 | ||||
| Producing | 218 | 2t8 | 191 | ||||
| Music | 283 | 283 | 338 | ||||
| Medical andwelfare | 467 | 461 | 424 | ||||
| Marketingandpublicity Total2023 |
2,01.6 l_5,996 |
1,387 | 666 | L8,049 2,01-6 |
!7,355 L,852 |
||
| Total 2022 | 14,207 | 2,287 | 861 | L7,355 |
| General | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| l-unds | Funds | Funds | Funds | Funds | ||
| Notes | 2023 | 2023 | 2023 | 2023 | 2022 | |
| f'000 | €'000 | Ê'000 | f'000 | Ê'000 | ||
| Outreachand Engagement | ||||||
| Supportcosts | 5 | 171 | 70 | 1 | 242 | 1,64 |
| Programmecosts | 381 | 381 | 228 | |||
| Programmemanagement& | 270 | 13 | 283 | 23r | ||
| administration Total2023 |
441 | 70 | 395 | 906 | 623 |
|
| Total 2022 | 340 | 47 | 236 | 623 |
| .SUPPORTCOSTS | ||||||
|---|---|---|---|---|---|---|
| Productions | Commercial | |||||
| & | Outreach& | Raising | Trading | Total | Total | |
| Performance | Engagement | Funds | Operations | |||
| 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | |
| Ê'000 | Ê'000 | Ê'000 | Ê'000 | Ê'000 | €'000 | |
| Managementandadministration | 2,r72 | 109 | 98 | 42 | 2,421_ | 2,210 |
| Premises andfacilities | 1,339 | 67 | 61. | 26 | 1_,493 | 1,,346 |
| Depreciation charge Total 2023 |
1,306 4,8r7 |
66 242 |
59 2r8 |
26 94 |
1,457 5,371 |
1_,455 5,011 |
| fotal2022 | 565 4 |
164 | 180 | toz | 5,01_L |
| NGLISHNATIONALBALLET([imitedby guarantee) egisteredCompany Number: 735040 harity Registrat¡on Number: 274005 .EXPENDITURE |
||
|---|---|---|
| Total | Total | |
| 2023 | 2022 | |
| f'000 | Ê'000 | |
| Thenet income/(expenditure)isstated aftercharging | ||
| Operatingleasesland and buildings,office equipment | 135 | 135 |
| Depreciation chargeontangible fixedassets | 1,,457 | 1,,454 |
| Governancecosts: | ||
| Auditors' remuneration: groupandcharity audit | 47 | 39 |
| Nonauditservices | 9 | L4 |
| Legal costs | 30 | 58 |
| 2023 | 2022 | |
|---|---|---|
| FTE | FTE | |
| Engagement and outreach | 4 | 5 |
| Artisticmanagement | 1,1, | 9 |
| Dancers | 72 | 71, |
| Producing, medical, company management | 1_0 | 8 |
| Orchestra and music management | 1,1, | 1I |
| Technical,stages,wardrobe | 28 | 25 |
| Marketingandcommunications | 8 | 8 |
| Fundraising | 7 | 7 |
| Managementandadministration | 26 | 20 |
| Total | t77 | 164 |
| Total | Total | |
|---|---|---|
| 2023 | 2022 | |
| Ê000s | Ê000s | |
| The aggregate payrollcostsofthese employees were | ||
| Wagesandsalaries | 8,280 | 7,1,38 |
| Socialsecuritycosts | 880 | 761 |
| Pensions | 324 | 315 |
| Totalemployeecosts | 9,484 | 8,2r4 |
| Freelancestaff | 260 | 380 |
| Total | 9 744 | 8,594 |
| NGLISHNATIONALBALLET([imitedbyguarantee) egisteredCompany Number: 735040 harityRegistration Number: ZI4OO5 |
||
|---|---|---|
| Thenumberof employeeswhose emoluments,including | ||
| benefitsin kind,wereinexcessofÊ60,000 was: | 2023 | 2022 |
| €60,000toÊ69,999 | 6 | 4 |
| €70,000tof79,999 Ê80,000toÊ89,999 |
7 1, |
8 t |
| Ê90,000to€99,999 | 2 | 1 |
| f150,000toÊl-59,999 f1"60,000toÊL69,999 |
1 1 |
1, t |
| f1-80,000toÊL89,999 | 1, | |
| f220,0001o f229,999 | 1 | |
| 19 | 17 |
| Group &Charity | Long | Leasehold | Plant & | Furniture & | Total |
|---|---|---|---|---|---|
| Leasehold | lmprovements | Equipment | Fittings | ||
| f000s | f000s | €000s | f000s | Ê000s | |
| Cost | |||||
| tApril2022 | 5,253 | 1,4,810 | 6,436 | 2,044 | 28,543 |
| Additions | 29 | 1"8 | 47 | ||
| 31 March2023 | 5,253 | L4,839 | 6,454 | 2,044 | 28,590 |
| Depreciation | |||||
| 1April2022 | 315 | L,307 | 2,786 | 870 | 5,278 |
| Chargefor theyear 31-March2023 |
105 420 |
313 1,620 |
749 3,535 |
290 1.,1.60 |
1,,45-7 6,735 |
| Netbook value | |||||
| 31 March2023 | 4,833 | 13,219 | 2,9!9 | 884 | 21,,855 |
| 31.March2022 | 9 4, 38 |
l_3,503 | 3,650 | 1.I74 | 23,265 |
| 2023 | 2422 | |
|---|---|---|
| Ê | f | |
| Shares insubsidiaryundertaking | 2 | 2 |
| 2023 | 2022 | |
|---|---|---|
| Ê000s | Ê000s | |
| Turnover | 'J-,200 | 1,,280 |
| Expenditure | (270) | (266) |
| Netprofit | 930 | 1_,014 |
| Reservesbrought forward | (836) | |
| Amount distributedtoEnglishNational Ballet under deedofcovenant | (e30) | (178) |
| Reservescarriedforward | ||
| 2023 | 2022 | |
| f000s | Ê000s | |
| Theassetsheldinthesubsidiarytradingcompanywere | ||
| Currentassets | 'J,,546 | 2,078 |
| Currentliabilities | (1.,546) | (2,078) |
| Netassets | ||
| Aggregate share capital andreserves |
| )Company:ENBProductions Limited | ||
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| Shares insubsidiaryundertaking | 2 | 2 |
| 2023 | 2023 | 2022 | 2022 | ||
|---|---|---|---|---|---|
| Group | Charity | Group | Charity | ||
| f000s | f000s | Ê000s | f000s | ||
| Tradedebtors | 208 | 72 | 346 | 9L | |
| Amounts | owedbysubsidiary undertaking | 347 | |||
| VAT | 2,126 | 2,126 | 2,476 | 2,476 | |
| Otherdebtors | 2,056 | 2,056 | 3,235 | 3,231 | |
| Prepayments and accrued income | 1,658 6,O48 |
656 4,9\0 |
99s 7,052 |
809 6,954 |
|
| L2 | CREDITORS | 2023 | 2023 | 2022 | 2022 |
| Group | Charity | Group | Charity | ||
| Ê000s | f000s | Ê000s | f000s | ||
| Tradecreditors | 272 | 272 | 286 | 279 | |
| Amounts | owedtosubsidiary undertaking | 72r | |||
| SocialsecurityandPAYE | 195 | 195 | 190 | 190 | |
| Othercreditors | 929 | 929 | 972 | 972 | |
| Accruals | 1,,227 | L,226 | L,O28 | !,024 | |
| Deferred | income | 2,5r0 5,1_33 |
223 3,566 |
1_,777 4,253 |
57 2,522 |
| 13.DEFERREDINCOME eferredincomecomprisesincomefromfuturepe |
rformancesand | membership | . | |
|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | |
| Group Ê000s |
Charity Ê000s |
GrouP f000s |
Charity Ê000s |
|
| Balancebroughtforwardat1-April | 1_,777 | 57 | 1,,'J_1_6 | L,087 |
| Prioryeardeferred incomereleasedinyear | (s41) | (s7) | (1,116) | (1,087) |
| lncomedeferredinyear | 1,,274 | 223 | 1_,777 | 57 |
| Balancecarriedforward | 2,510 | 223 | 1,,777 | 57 |
| ENGLISHNATIONAL BAILET(Limitedby gu RegisteredCompany Number: 735040 CharityRegistrationNumber: 2L4005 15.UNRESTRICTEDRESERVES |
arantee) | ||||
|---|---|---|---|---|---|
| 2023 | Balanceat | lncome&Expenditure | Transfers | Balance at | |
| lApril | othergains | 31March | |||
| 2022 | 2023 | ||||
| Group: | f000s | Ê000s | €000s | t000s | Ê000s |
| GeneralFunds | 3,L95 | 19,312 (17,517) |
(1,519) |
3,472 | |
| Designated funds: | |||||
| City lsland 2020 ProjectFixed | 22,907 | (1,398) | 47 | 21.,556 | |
| Assetfund | |||||
| Fixed assetfund | 124 | (36) | 88 | ||
| CapitalMaintenanceReserve | 4,94r | (1r_3) | 673 | 5 50L |
|
| Capital Equipment fund | 300 | 300 | |||
| BBCDiana, PrincessofWales | 203 | 203 | |||
| Fund | |||||
| NewWorksfund | 400 | 400 | |||
| Overheadlnflation fund | 450 | 450 | |||
| CRF3Conditional fund | T,IO4 | 1_,104 | |||
| ArtisticDirectorTransition | 350 | 350 | |||
| Periodfund | |||||
| Designated funds | 29,426 | (1,547) | 2,073 | 29,952 | |
| Total UnrestrictedReserves | 32,62I | 1g,3t2 |
(19,064) |
555 | 33,424 |
| 2022 | Balance at | lncome&Expenditure | Transfers | Balanceat | |
| lApril | othergains | 3l-March | |||
| 2021, | 2022 | ||||
| Group: | Ê000s | f000s | €000s | Ê000s | f000s |
| GeneralFunds | 3,420 | 19,421. (15,537) |
(4,109) |
3,1_95 | |
| Designated funds: | |||||
| City lsland 2020 ProjectFixed | 23,684 | (1,39o) | 6L3 | 22,907 | |
| Assetfund | |||||
| Fixed assetfund | 165 | (4r) | 1,24 | ||
| Pre-paidProductionExpenditu re | 984 | (s84) | |||
| forNew AkramKhan | |||||
| VATMarkovaHouse Fund | 2,500 | (2,500) | |||
| CapitalMaintenanceReserve | 4,94L | 4,941 | |||
| CRF3ConditionalFund | 1,104 | L,104 | |||
| ArtisticDirector Transitlon | 350 | 350 | |||
| Penodl-und | |||||
| Designatedfu nds | 27,333 | (2,415|4,508 | 29,426 | ||
| Total UnrestrictedReserves | 30,753 19,421(17,9521 | 399 | 32,621_ |
| L6. MOVEMENTS INRESTRI TED FUNDS |
L6. MOVEMENTS INRESTRI TED FUNDS |
||||
|---|---|---|---|---|---|
| 2023 Group and Charity: |
Balanceat lApril |
lncome | ExpenditureTransfers | Balanceat 3l-March |
|
| 2022 | 2023 | ||||
| f000s | €000s | f000s | Ê000s | Ê000s | |
| Outreach and engagement | 260 | 330 | (3e4) | 196 | |
| Production development | \34 | L99 | (327| | 6 | |
| New Worksfund | !24 | 935 | 1,059 | ||
| Talentdevelopment | 509 | 1,49 | (318) | 340 | |
| GoodGrowth fund | 222 | 222 | |||
| Capitalproject-LondonCity | 555 | (sss) | |||
| lsland | |||||
| ArtsCouncilRecoveryPlan | 1,483 234 |
2,1.69 | (r,062)(sss (23) |
2L1 2,034 |
|
| 2022 Group and Charity: |
Balanceat lApril |
lncome | ExpenditureTransfers | Balanceat 3l-March |
|
| 2021, f000s |
Ê000s | Ê000s | f000s | 2422 Ê000s |
|
| Outreach and engagement | r04 | 391 | (23s) | 260 | |
| Production development | 561 | 332 | (7se) | 134 | |
| New Worksfund | 1,24 | r24 | |||
| Talentdevelopment | 590 | (81) | 509 | ||
| GoodGrowth fund | 222 | 222 | |||
| Capitalproject-LondonCity | 399 | (3es) | |||
| lsland | |||||
| ArtsCouncilRecoveryPlan | 257 | (23) | 234 | ||
| 1,,1,44 | 1,936 | (1,099) |
(3ee) | 1,,483 |
| L7.GROSSTRANSFERSBETWEEN FUNDS epreciation andpremisesexpenditure areparto ounrestrictedgeneralfunds. Theyaresubse esignatedor restricted fund. |
ftheCharity'ssupportcosts andare initiallych quentlytransferredtotheappropriateunrestr |
ftheCharity'ssupportcosts andare initiallych quentlytransferredtotheappropriateunrestr |
ftheCharity'ssupportcosts andare initiallych quentlytransferredtotheappropriateunrestr |
arged icted |
|---|---|---|---|---|
| ZOZ3 | UnrestrictedUnrestrictedRestricted | Total | ||
| General Funds |
Designated Funds |
Funds | 2023 Funds |
|
| fO00s | fOOOs |
Ê000s | f000s | |
| TransferofRestrictedLCI(LondonCity | - | 555 | (555) | |
| lsland)FixedAssetFundtoCapital | ||||
| MaintenanceReserve TransfertoBBCDiana, PrincessofWales |
(203) | 203 |
||
| fund | ||||
| TransfertoCapital Equipmentfund TransfertoNew Worksfund |
(300) (400) |
300 400 |
||
| Transfertooverhead lnflationfund | (450) | 450 |
||
| TransfertoCapitalMaintenanceReserve | (165) | 165 |
||
| (1,5L8) | 2,073 | (sss) |
| 2022 | U nrestricted | U nrestricted | Restricted | Total |
|---|---|---|---|---|
| General | Designated | 2022 | ||
| Funds | Funds | Funds | Funds | |
| f000s | Ê000s | f000s | f000s | |
| TransferofRestrictedLCI(LondonCity | 399 | (3ee) | ||
| lsland)FixedAssetFund | ||||
| TransferofDesignatedLCIFund | (2r4) | 21,4 | ||
| TransferofCapitalMaintenanceReserve | (4,941) | 4,94! | ||
| Transfer ofVATMarkova HouseFund | 2,500 | (2,500) | ||
| TransferofCRF3ConditionalFund | (1,104) | 1,1,04 | ||
| Transfer ofArtisticDirector Transition | (3so) | 350 | ||
| PeriodFund | ||||
| (4,1091 | 4,508 | (3ss) | ||
| 18. RECONCILIATION OFNETMOVEMENT IN |
FUNDSTONET CASHFLOWFROM OPERATING | |||
| ACTIVITIES: | ||||
| 2023 | 2022 | |||
| Ê000s | t000s | |||
| Net incomeforthereporting period(asper | ||||
| the Statement ofFinancialActivities) | 1_,354 | 2,207 | ||
| Adjustments for: | ||||
| Depreciationcharge | 1,457 | 1,,454 | ||
| lnterestreceivable | (22s) | |||
| Decrease/(increase)inworkin progress | (103) | 988 | ||
| Decrease/(increase)indebtors | 1,,074 | (1.,71,61 | ||
| Increase/(decrease) increditors | 880 | (1.,739) | ||
| Netcashinflow/(outflow)fromoperatingactivities | 4,437 | 1_,r94 | ||
| lApril | 3L March | |||
| NET DEBT | 2022 | Cashflow | 2023 | |
| Ê000s | f000s | Ê000s | ||
| Cashatbank and inhand | 8,004 | 4,545 | 12,549 |
| 2023 | U nrestricted | U nrestricted | Restricted | Total2023 |
|---|---|---|---|---|
| Group | General Fundsf000s |
Designated Funds Ê000s |
Fundsf000s | Funds Ê000s |
| Fixed assets | 21,,644 | 21,r | 21,855 | |
| Work inprogress | 139 | 139 | ||
| Debtors | 6,048 | 6,048 | ||
| Cashatbank | 2,4r8 | 8,308 | L,823 | 12,549 |
| Creditors | (5,133) | 5,133) | ||
| 3,472 | 29,952 | 2,034 | 35,458 | |
| 2022 | U nrestricted | U nrestricted | Restricted | Total 2A22 |
| Group | General Funds€000s |
Designated Funds€000s |
Fundst000s | Fundsf000s |
| Fixed assets | 23,031 | 234 | 23,265 | |
| Work inprogress | 36 | 36 | ||
| Debtors | 7,052 | 7,052 | ||
| Cashatbank | 360 | 6,395 | 1,249 | 8,004 |
| Creditors | (4,253) | (4,238) | ||
| 3,1-95 | 29,426 | 1,,483 | 34,104 |
| Not later | Laterthan | Laterthan | ToTal2O23 | Tolal2022 | |
|---|---|---|---|---|---|
| thanone | oneyear but | fiveyears | |||
| year | notIater | ||||
| than five | |||||
| years | |||||
| Ê000s | Ê000s | f000s | t000s | Ê000s | |
| Officeequipment | 5 | 2 | 7 | t2 | |
| Landand buildings | 138 | 550 | 550 | 1-,238 | 1,376 |
| 143 | 552 | 550 | 1_,245 | l-,388 |
| Not later | Later than | Laterthan | Total2023 | Tolal2022 | |
|---|---|---|---|---|---|
| thanone | oneyear but | five years | |||
| year | notlater | ||||
| thanfive | |||||
| years | |||||
| Ê000s | f000s | [000s | f000s | Ê000s | |
| Minimum | |||||
| licensepayments | 45 | 24 | 69 | 1,1,4 | |
| 45 | 24 | 69 | tr4 |