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2022-03-31-accounts

Page
Reference and Administrative Details ofthe Company, its Trustees and Advisers
Chairman's Statement 2-3
Trustees' Report 4-10
Independent Auditors'
Report		 on the Financial Statements 11 - 14
Consolidated Statement of Financial Activities 15
Consolidated Balance Sheet 16-17
Company
Balance Sheet		 18-19
Consolidated Statement ofCash Flows 20
Notes to the Financial Statements 21-40

Unrestricted Restricted Designated Total Total
funds funds funds funds funds
Note 2022 2022 2022 2022f 2021
Income from:
Donations
and		 legacies 3 2,083,020 1,001 51,000 2,135,021 2,001,932
Charitable
activities		 4 1,783,723 1,783,723 88,706
Other trading
activities		 105,000 105,000
Investments 5 127 127 926
Other income 6 603,596 603,596 740,205
Total income 4,575,466 1,001 51,000 4,627,467 2,831,769
Expenditure
on:
Raising funds 48,661 48,661
Charitable
activities		 7 4,207,107 5,000 4,212,107 2,619,931
Total expenditure 4,255,768 5,000 4,260,768 2,619,931
Net movement in
funds 319,698 (3,999) 51,000 366,699 211,838
Reconciliation of
funds:
Total funds brought
forward 625,738 853,898 491,250 1,970,886 1,759,048
Net movement in funds 319,698 (3,999) 51,000 366,699 211,838
Total funds carried
forward 945,436 849,899 542,250 2,337,585 1,970,886

2022 2021
Note
Fixed assets
Tangible assets 13 161,861 188,715
161,861 188,715
Current assets
Stocks 15 5,833 3,506
Debtors 16 1,020,704 491,502
Cash at bank and in hand 2,644,963 2,497,914
3,671,500 2,992,922
Creditors due within one year 17 (1,495,776) (1,210,751)
Net current assets 2,175,724 1,782, 171
Total net assets 2,337,585 1,970,886
Charity funds
Designated
funds		 18 542,250 491,250
Restdcted
funds		 18 849,899 853,898
Unrestricted
funds		 18 945,436 625,738
Total funds 2,337,585 1,970,886

COMPANY BALANCE SHEET COMPANY BALANCE SHEET
AS AT 31 MARCH 2022
2022 2021
Note F F
Fixed assets
Tangible assets 13 161,861 188,715
Investments 14 201 201
162,062 188,916
Current assets
Debtors 16 508,798 377,762
Cash at bank and in hand 2,577,040 2,234,003
3,085,838 2,611,765
Creditors: amounts falling due within one
year 17 (1,425,536) (1,345,015)
Net current assets 1,660,302 1,266,750
Total net assets 1,822,364 1,455,666
Charity funds
Designated
funds		 18 542,250 491,250
Restricted funds 849,899 853,898
Unrestricted
funds		 430,215 110,518
Total funds 1,822,364 1,455,666

Unrestricted Restricted Designated Total
funds funds funds funds
2022 2022 2022 2022
Other grants and donations 853,765 1,001 51,000 905,766
Grants from Public Funding bodies 1,229,255 1,229,255
2,083,020 1,001 51,000 2,135,021
Unrestricted Restricted Designated Total
funds funds funds funds
2021 2021 2021 2021
E
Other grants and donations 516,927 9,000 246,750 772,677
Grants from Public Funding bodies 1,229,255 1,229,255
1,746,182 9,000 246,750 2,001,932

Unrestricted Total
funds funds
2022 2022
5
Boxoffice income 1,532,167 1,532,167
Other income 954 954
Programmes 28,817 28,817
Bar income 221,785 221,785
1,783,723 1,783,723

Unrestricted Total
funds funds
2021 2021
6
Boxoffice income 64,091 64,091
Other income 17,202 17,202
Programmes 1,473 1,473
Bar income 5,940 5,940
88,706 88,706

Unrestricted Total
funds funds
2022 2022
Bank interest 127 127
Unrestricted Total
funds funds
2021 2021
E 6
Bank interest 926 926
6. Other incoming resources
Unrestricted Total
funds funds
2022 2022
E F
Other operating income 97,156 97,156
Hire income 11,053 11,053
Theatre tax relief receivable 495,387 495,387
603,596 603,596
Unrestncted Total
funds funds
2021 2021
5
Other operating income 687,329 687,329
Theatre tax relief receivable 52,876 52,876
740,205 740,205

Unrestricted Restdicted
funds funds Total
2022 2022 2022
F 8 6
Boxoffice expenses 3,928,782 5,000 3,933,782
Governance costs 35,250 35,250
Bar expenditure 243,075 243,075
4,207,107 5,000 4,212,107
Unrestricted
funds Total
2021 2021
F 8
Boxoffice expenses 2,566,163 2,566,163
Governance costs 35,500 35,500
Bar expenditure 18,268 18,268
2,619,931 2,619,931

Activities
undertaken Support Total
directly costs funds
2022f 2022 2022
F
Boxoffice expenses 3,120,727 813,055 3,933,782
Governance costs 35,250 35,250
Bar expenditure 243,075 243,075
3,399,052 813,055 4,212,107

Analysis of expenditure
by activities (c		 ontinued)
Activities
undertaken Support Total
directly costs funds
2021f 2021f 2021
6
Boxoffice expenses 1,915,368 650,795 2,566,163
Governance costs 35,500 35,500
Bar expenditure 18,268 18,268
1,969,136 650,795 2,619,931

2022 2021
6 5
Auditors' remuneration 25,500 24,750
Legal 8 professional 9,750 10,750
35,250 35,500
10. Staffcosts
Group Group Company Company
2022 2021 2022 2021
E E 8
Wages and salaries 1,224,582 1,233,089 1,115,347 1,230,166
Social security costs 89,183 87,685 84,995 87,685
Other pension costs 25,873 22,170 24,890 22,170
1,339,638 1,342,944 1,225,232 1,340,021

Group Group
2022 2021
No. No.
Theatre production 7 8
Theatre operation 12 13
Development &marketing 7 7
Education
&access		 2 2
Administration &finance 4 4
Front ofhouse 41 44
73 78

Computer Stage and
Furniture
and		 and office lighting
fittings
5		 equipment
f		 equipment
5		 Total
5
Cost or valuation
At 1 April 2021 385,181 163,602 448,636 997,419
Additions 9,499 9,499
At 31 March 2022 385,181 173,101 448,636 1,006,918
Depreciation
At 1 April 2021 372,175 162,534 273,995 808,704
Charge for the year 11,340 1,067 23,946 36,353
At 31 March 2022 383,515 163,601 297,941 845,057
Net book value
At 31 March 2022 1,666 9,500 150,695 161,861
At 31 March 2021 13,006 1,068 174,641 188,715
Company
Computer Stage and
Furniture
and		 and office lighting
fittings equipment equipment Total
8
Cost or valuation
At 1 April 2021 343,161 163,602 448,636 955,399
Additions 9,499 9,499
At 31 March 2022 343,161 173,101 448,636 964,898

Company
(continued)
Computer Stage and
Furniture
and		 and office lighting
fittings
2		 equipmentf equipment Total
Depreciation
At 1 April 2021 330,155 162,534 273,995 766,684
Charge for the year 11,340 1,067 23,946 36,353
At 31 March 2022 341,495 163,601 297,941 803,037
Net book value
At 31 March 2022 1,666 9,500 150,695 161,861
At 31 March 2021 13,006 1,068 174,641 188,715

Investments
in subsidiary
companies
company 5
Cost or valuation
At 1 April 2021 201
At 31 March 2022 201
Net book value
At 31 March 2022 201
At 31 March 2021 201

Names Country Principal
activity		 Holding
Hampstead Theatre Enterprises England Bar facilities and 100%
Limited commercial
lettings of
theatre
Hampstead Theatre Productions England Production of 100%
Limited theatrical
productions
Hampstead Theatre Ventures England Production of 100%
Limited theatrical
productions
The financial results ofthe subsidiaries
for the year were:
Names Income
Expenditure		 Net assets
E F
Hampstead Theatre Enterprises Limited 220,865
(220,865)		 (9,221)
Hampstead Theatre Productions Limited 105,000
(105,000)		 (9,860)
Hampstead Theatre Ventures Limited 2,803,327
(3,408,770)		 100

Group Group
2022 2021
F
5,833 3,506

Group Group Company Company
2022 2021 2022 2021
5 6 6
Due within one year
Trade debtors 1,525 1,315 1,525 1,315
Amounts
owed by group undertakings		 146,979 241,790
Other debtors 713,972 405,093 55,087 49,563
Prepayments and accrued income 305,207 85,094 305,207 85,094
1,020,704 491,502 508,798 377,762

Group Group Company Company
2022 2021 2022 2021
6 E
Trade creditors 303,807 106,400 288,880 92,904
Amounts owed to group undertakings 178,983
Other taxation and social security 66,318 314,926 66,318 314,917
Other creditors 443,474 260,971 398,140 260,971
Accruals and deferred income 682,177 528,454 672,198 497,240
1,495,776 1,210,751 1,425,536 1,345,015

Balance at
Balance at 1 31 March
April 2021 Income Expenditure 2022
5 F F
General Funds 625,738 4,575,466 (4,255,768) 945,436
Designated funds
Designated Funds - 2020 fund 491,250 51,000 542,250
Restricted funds
The Next Decade Fund 853,898 1,001 (5,000) 849,899
Total of funds 1,970,886 4,627,467 (4,260,768) 2,337,585

Statement offunds - prior year (c ontinued)
Balance at
Balance at 31 March
1 April 2020f Income
6		 Expenditure
F		 2021
6
Unrestricted funds
General
Funds		 669,650 2,576,019 (2,619,931) 625,738
Designated funds
2020 fund 244,500 246,750 491,250
Restricted funds
The Next Decade Fund 844,898 9,000 853,898
Total offunds 1,759,048 2,831,769 (2,619,931) 1,970,886

Balance at
Balance at 1 31 March
Apdl 2021 Income Expenditure 2022
F 8 8 E
General funds 625,738 4,575,466 (4,255,768) 945,436
Designated funds 491,250 51,000 542,250
Restricted funds 853,898 1,001 (5,000) 849,899
1,970,886 4,627,467 (4,260,768) 2,337,585

Summary offunds - prior year
Balance at
Balance at 31 March
1 April 2020 income Expenditure 2021
F F F
General funds 669,650 2,576,019 (2,619,931) 625,738
Designated funds 244,500 246,750 491,250
Restricted funds 844,898 9,000 853,898
1,759,048 2,831,769 (2,619,931) 1,970,886

Reconciliation
of		 net movement in funds to net cas h flow from oper ating
activities
Group Group
2022 2021
F
Net income for the year (as per Statement of Financial Activities) 366,699 211,838
Adjustments
for:
Depreciation
charges		 36,353 44,596
Dividends,
interests		 and rents from investments (127) (926)
Decrease/(increase) in stocks (2,327) 1,101
Decrease/(increase) in debtors (525,812) 99,382
Increase/(decrease) in creditors 456,966 (133,864)
Net cash provided by operating activities 331,752 222,127

Group Group
2022 2021
F
Cash in hand 2,644,963 2,497,914
Total cash and cash equivalents 2,644,963 2,497,914

At 1 April At 31 March
2021 Cash flows 2022
F
Cash at bank and in hand 2,497,914 147,049 2,644,963

payments und er non-cancellable
operating
leases as follows:
Group Group
2022 2021
6 F
Not later than 1year 56,000 56,300
Later than 1 year and not later than 5years 224,000 224,000
Later than 5years 46,667 102,667
326,667 382,967