| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Theatre, its Trustees and advisers | |||
| Chairman's | statement | |||
| Trustees' report | 3-11 | |||
| Independent | auditors' | report | on the financial statements | 12-15 |
| Consolidated | statement | offinancial activities | 16 | |
| Consolidated | balance sheet | 17 | ||
| Theatre balance sheet | 18 | |||
| Consolidated | statement | ofcash flows | 19 | |
| Notes to the | financial statements | 20-46 |
| Trustees | Mr S Fergusson, | Chair | Chair | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Cllr R M J Bailey | |||||||||
| Mr SA Bates | |||||||||
| Mr P Carvell | |||||||||
| Mr N Dodzo | |||||||||
| Mr W H Glen LLB | |||||||||
| Ms A Hay | |||||||||
| Mr D P Hanson | (appointed | 17June 2021) | |||||||
| Mr CT Huggins | (appointed | 10July 2021) | |||||||
| Mr A F Pollock | |||||||||
| Ms KJ Reid BA | Hons | ||||||||
| Mr A C Skipper | |||||||||
| Mrs R LWarwick MrJ J Wilby |
(resigned 11 February 2021, appointed | 20 July 2021) | |||||||
| Ms N C Daley (appointed | 17June 2021) | ||||||||
| Funding | Body Representatives entitled to attend Board meetings: |
||||||||
| Arts Council England West | Midlands Mr TWildish (Theatre Officer) |
||||||||
| Coventry | City Council | Mr D Cockcroft | (Asst. Director, City Centre 8 | Development | Services) | ||||
| Company | registered | ||||||||
| number | 00593331 | ||||||||
| Charity registered | |||||||||
| number | 219163 | ||||||||
| Registered | office | Belgrade Theatre | |||||||
| Belgrade Square | |||||||||
| Corporation Street |
|||||||||
| Coventry | |||||||||
| West Midlands | |||||||||
| CV1 1GS | |||||||||
| Company | secretary | Ms KJ Reid BA Hons | |||||||
| and Executive Director | |||||||||
| Chief executive officer | Mr W H Glen LLB | ||||||||
| and Artistic Director | |||||||||
| Independentauditors | Dains LLP | ||||||||
| 15Colmore Row | |||||||||
| Birmingham | |||||||||
| B32BH | |||||||||
| Bankers | National Westminster | Bank pic | |||||||
| 24 Broadgate | |||||||||
| Coventry | |||||||||
| CV1 1NE |
| Unrestricted | Restricted | Designated | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| Note | E | |||||
| Income and | ||||||
| endowments from: |
||||||
| Donations and legacies |
2,184,740 | 3,966,068 | 6,150,808 | 3,204,924 | ||
| Charitable activities |
146,482 | 146,482 | 2,693,922 | |||
| Other trading activities |
132,887 | 132,887 | 1,215,365 | |||
| Investments | 383 | 383 | 5,289 | |||
| Total income and endowments |
2,464,492 | 3,966,068 | 6,430,560 | 7,119,500 | ||
| Expenditure on: |
||||||
| Raising funds | 8 | 462'503 | 462,503 | 1,029,745 | ||
| Charitable activities |
9 | 2,121,430 | 904,687 | 37,899 | 3,064,016 | 5,437,223 |
| Total expenditure | 2,583,933 | 904,687 | 37,899 | 3,526,519 | 6,466,968 | |
| Net (expenditure) | ||||||
| /income before |
||||||
| transfers | (119,441) | 3,061,381 | (37,899) | 2,904,041 | 652,532 | |
| Transfers between funds |
20 | 680,150 | (711,150) | 31,000 | ||
| Net movement in |
||||||
| funds before other | ||||||
| recognised gains |
560,709 | 2,350,231 | (6,899) | 2,904,041 | 652,532 | |
| Net movement in funds |
560,709 | 2,350,231 | (6,899) | 2,904,041 | 652,532 | |
| Reconciliation of |
||||||
| funds: | ||||||
| Total funds brought forward |
23,575 | 9,884,490 | 1,987,218 | 11,895,283 | 11,242,751 | |
| Net movement in funds |
560,709 | 2,350,231 | (6,899) | 2,904,041 | 652,532 | |
| Total funds carried forward |
584,284 | 12,234,721 | 1,980,319 | 14,799,324 | 11,895,283 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | F | |||||
| Fixed assets | ||||||
| Tangible assets | 14 | 14,054,547 | 12,122,357 | |||
| Current assets | ||||||
| Stocks | 16 | 27,770 | 37,967 | |||
| Debtors | 17 | 770,555 | 793,024 | |||
| Cash at bank and in hand | 2,334,416 | 639,289 | ||||
| 3,132,741 | 1,470,280 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 18 | (1,248„098) | (1,507,857) | |||
| Net current assets Iliabilites | 1,884,643 | (37,577) | ||||
| Total assets less current liabilities | 15,939,190 | 12,084,780 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 19 | (1,139,866) | (189,497) | |||
| Total net assets | 14,799,324 | 11,895,283 | ||||
| Charity funds | ||||||
| Designated funds |
20 | 1,980,319 | 1,987,218 | |||
| Restricted funds | 20 | 12,234,721 | 9,884,490 | |||
| Unrestricted funds |
||||||
| General funds | 20 | 584,284 | 23,575 | |||
| Total funds | 14,799,324 | 11,895,283 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible assets | 14 | 14,054,547 | 12,122,357 | |||
| investments | 15 | 4 | 4 | |||
| 14,054,551 | 12,122,361 | |||||
| Current assets | ||||||
| Stocks | 16 | 20,526 | 20,811 | |||
| Debtors | 17 | 1,016,997 | 828,110 | |||
| Cash at bank and in hand | 2,201,521 | 579,100 | ||||
| 3,239,044 | 1,428,021 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 18 | (1,199,144) | (1,465,602) | |||
| Net current assets Iliabilites | 2,039,900 | (37,581) | ||||
| Total assets less current liabilities | 16,094,451 | 12,084,780 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 19 | (1,139,866) | (189,497) | |||
| Total net assets | 14,954,585 | 11,895,283 | ||||
| Charity funds | ||||||
| Designated funds |
20 | 1,980,319 | 1,987,218 | |||
| Restricted funds | 20 | 12,234,721 | 9,884,490 | |||
| Unrestricted funds |
20 | 739,545 | 23,575 | |||
| Total funds | 14,954,585 | 11,895,283 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | E | ||||||
| Cash flows from operating | activities | ||||||
| Net cash used in operating |
activities | 23 | 3,196,456 | 568,772 | |||
| Cash flows from investing | activities | ||||||
| Interest received | 383 | 5,289 | |||||
| Purchase oftangible fixed assets | (2,474,272) | (1,265,891) | |||||
| Net cash used in investing | activities | (2,473,889) | (1,260,602) | ||||
| Cash flows from financing | activities | ||||||
| Cash inflows from new borrowing | 1,000,000 | ||||||
| Repayments of borrowing |
(15,440) | (15,440) | |||||
| Interest paid | (12,000) | (12,000) | |||||
| Net cash provided by/(used |
in) financing | activities | 972,560 | (27,440) | |||
| Change in cash and cash |
equivalents | in | the year | 1,695,127 | (719,270) | ||
| Cash and cash equivalents | at the beginning | ofthe year | 639,289 | 1,358,559 | |||
| Cash and cash equivalents | atthe end | of | the year | 24 | 2,334,416 | 639,289 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2021 | 2021 | 2021 | ||||
| E | ||||||
| Donations | ||||||
| Donations | 22,784 | |||||
| Capital development | project 2020 | 233,243 | 233,243 | |||
| Grants | ||||||
| Coventry City Council |
595,052 | 595,052 | ||||
| Arts Council | England | 959,552 | 1,128,624 | 2,088,176 | ||
| Capital development | funding 2020 | 2,604,201 | 2,604,201 | |||
| Government | grants | |||||
| Coronavirus | Job | Retention Scheme income | 549,595 | 549,595 | ||
| Local Restrictions | Support Grant income | 32,757 | 32,757 | |||
| Retail, Hospitality | and | Leisure Grant Fund income | 25,000 | 25,000 | ||
| Total 2021 | ||||||
| 2,184,740 | 3,966,068 | 6,150,808 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2020 | 2020 | 2020 | ||||
| Donations | ||||||
| Donations | 3,982 | 3,982 | ||||
| Capital development | project | 2020 | 180,373 | 180,373 | ||
| Grants | ||||||
| Coventry City Council |
595,052 | 595,052 | ||||
| Arts Council England | 942,215 | 117,192 | 1,059,407 | |||
| Esmee Fairbaim | Foundation | funding | 38,160 | 38,160 | ||
| STRAPP Project | (Tamasha) | 5,500 | 5,500 | |||
| Capital development | funding | 2020 | 1,322,450 | 1,322,450 | ||
| Total 2020 | ||||||
| 1,541,249 | 1,663,675 | 3,204,924 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| Boxoffice | 72,026 | 72,026 |
| Grant and other income | 74,456 | 74,456 |
| Total 2021 | 146,482 | 146,482 |
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| BoxoNce | 2,404,883 | 2,404,883 |
| Grant and other income | 289,039 | 289,039 |
| Total 2020 | 2,693,922 | 2,693,922 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2021 | ||
| E | |||
| Conferencing | 6,219 | 6,219 | |
| ice cream and merchandise | 1,677 | 1,677 | |
| Production | services | 20,773 | 20,773 |
| Drama classes and workshops | 4,643 | 4,643 | |
| Catering | 99,575 | 99,575 | |
| Total 2021 | 132,887 | 132„887 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2020f | 2020 | ||
| Conferencing | 92,268 | 92,268 | |
| ice cream | and merchandise | 102,035 | 102,035 |
| Production | services | 535,165 | 535,165 |
| Drama classes and workshops | 33,897 | 33,897 | |
| Catering | 452,000 | 452,000 | |
| 1,215,365 | 1,215,365 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021f | 2021 | |||
| interest receivable | 383 | 383 | ||
| Unrestricted | Total | |||
| funds | funds | |||
| 2020 | 2020f | |||
| Interest receivable | 5,289 | 5,289 | ||
| 8. | Expenditure | on raising funds | ||
| Costs ofraising funds | ||||
| Unrestricted | Total | |||
| funds | funds | |||
| 2021 | 2021 | |||
| Fundraising | cost ofgrants and donations | 4,120 | 4,120 | |
| Unrestricted | Total | |||
| funds | funds | |||
| 2020 | 2020 | |||
| Fundraising | cost ofgrants and donations | 8,837 | 8,837 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2021 | ||||
| E | |||||
| Conference | costs | 487 | 487 | ||
| Ice cream and merchandise | costs | 3,582 | 3,582 | ||
| Production | services | costs | 34,500 | 34,500 | |
| Drama and | workshop | costs | 1,004 | 1,004 | |
| Catering costs | 71,344 | 71,344 | |||
| Other staff | costs | 545 | 545 | ||
| Premises costs | 31,220 | 31,220 | |||
| Other costs | 2,191 | 2,191 | |||
| Wages and | salaries | 280,856 | 280,856 | ||
| Social security costs | 23,109 | 23,109 | |||
| 448,838 | 448,838 | ||||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2020 | 2020 | ||||
| Conference | costs | 28,786 | 28,786 | ||
| Icecream and merchandise | costs | 29,521 | 29,521 | ||
| Production services costs |
176,437 | 176,437 | |||
| Drama and | workshop | costs | 9,819 | 9,819 | |
| Catering costs | 173,556 | 173,556 | |||
| Other staff costs | 12,468 | 12,468 | |||
| Premises costs | 45,211 | 45,211 | |||
| Other costs | 2,125 | 2,125 | |||
| Wages and | salaries | 503,286 | 503,286 | ||
| Social security costs | 39,699 | 39,699 | |||
| 1,020,908 | 1,020,908 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2021f | 2021f | 2020f | ||||
| Cost | ofsales | staff | costs | 9,545 | 9,545 |
| Unrestricted | Restricted | Designated | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021f | 2021f | 2021f | 2021f | ||
| Operational | Theatre | 2,121,430 | 904,687 | 37,899 | 3,064,016 |
| Unrestricted | Restricted | Designated | Total | ||
| funds | funds | funds | funds | ||
| 2020f | 2020f | 2020f | 2020f | ||
| Operational | Theatre | 4,651,195 | 748,129 | 37,899 | 5,437,223 |
| Total | |||||
|---|---|---|---|---|---|
| Staffcosts | Depreciation | Other costs | funds | ||
| 2021 | 2021 | 2021f | 2021 | ||
| Operational | Theatre | 1,647,976 | 542,082 | 873,958 | 3,064,016 |
| Total | |||||
| Staff costs | Depreciation | Other costs | funds | ||
| 2020 f |
2020 f |
2020 f |
2020f | ||
| Operational | Theatre | 2,143,945 | 400,905 | 2,892,373 | 5,437,223 |
| Support | Total | |||||
|---|---|---|---|---|---|---|
| Direct costs | costs | funds | ||||
| 2021 | 2021 | 2021 | ||||
| F | ||||||
| Operational | Theatre | 2,464,537 | 599,480 | 3,064,017 | ||
| Support | Total | |||||
| Direct costs | costs | funds | ||||
| 2020f | 2020 | 2020 | ||||
| Operational | Theatre | 4,708,306 | 728,917 | 5,437,223 | ||
| Analysis ofdirect costs | ||||||
| Total | Total | |||||
| funds | funds | |||||
| 2021 | 2020 | |||||
| Wages and | salaries | 1,303,991 | 1,781,567 | |||
| Depreciation | 509,691 | 381,783 | ||||
| Production | costs | 276,227 | 1,840,935 | |||
| Community | education | projects | 10,083 | 23,603 | ||
| Front ofhouse costs | 4,949 | 6,729 | ||||
| Production/activity marketing |
and advertising | 62,855 | 260,983 | |||
| Premises costs | 78,572 | 93,393 | ||||
| Interest payable | 12,000 | 12,000 | ||||
| Professional | and feasibility costs | 206,169 | 307,313 | |||
| 2,464,537 | 4,708,306 |
| Total | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| Wages | and | salaries | 343,985 | 362,378 | |
| Depreciation | 32,391 | 19,122 | |||
| Administration | overheads | 104,633 | 200,619 | ||
| ITcosts | 75,441 | 87,305 | |||
| Legal and professional | charges | 25,310 | 46,421 | ||
| Auditors | remuneration | 7,150 | 6,950 | ||
| Governance | costs | 10,570 | 6,122 | ||
| 599,480 | 728,917 |
| Net income/(expenditure) | |||
|---|---|---|---|
| This is stated after charging: | |||
| 2021 | 2020 | ||
| Depreciation oftangible fixed assets: |
|||
| - owned by charitable |
group | 542,082 | 400,905 |
| Auditors remuneration |
7,150 | 6,950 | |
| Operating lease costs |
57,724 | 29,997 | |
| 606,956 | 437,852 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Wages | and salaries | (including | actors) | 1,759,907 | 2,446,651 |
| Sociai | security and | pension costs | 192,034 | 240,279 | |
| 1,951„941 | 2,686,930 |
| Group | Group | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| No. | No. | ||||
| Actors and production | 41 | 65 | |||
| Front ofhouse, catering | and cleaning | 29 | 42 | ||
| Marketing | 6 | 7 | |||
| Administration | 12 | 21 | |||
| 135 | |||||
| The average headcount | expressed as full-time | equivalents | was: | ||
| Group | Group | ||||
| 2021 | 2020 | ||||
| No. | No. | ||||
| Actors and production | 32 | 47 | |||
| Front ofhouse, catering | and cleaning | 14 | 22 | ||
| Marketing | 6 | 6 | |||
| Administration | 11 | 16 | |||
| 63 | 91 |
| Group | Group |
|---|---|
| 2021 | 2020 |
| No. | No. |
| Long-term | Furniture, | |||||
|---|---|---|---|---|---|---|
| Freehold | leasehold | Events | equipment | Assets under | ||
| property | property | equipment | 8 vehicles | construction | Total | |
| Z | ||||||
| Cost orvaluation | ||||||
| At 1 Apnl 2020 | 16,230,062 | 740,026 | 505,920 | 1,934,116 | 19,410,124 | |
| Additions | 334,647 | 2,139,625 | 2,474,272 | |||
| Disposals | (24,736) | (24,736) | ||||
| At 31 March 2021 | 16,230,062 | 740,026 | 505,920 | 2,244,027 | 2,139,625 | 21,859,660 |
| Depreciation | ||||||
| At 1 Apnl 2020 | 5,034,928 | 196,822 | 505,920 | 1,550,097 | 7,287,767 | |
| Charge for the year | 409,772 | 14,801 | 117,509 | 542,082 | ||
| On disposals | (24,736) | (24,736) | ||||
| At 31 March 2021 | 5,444,700 | 211,623 | 505,920 | 1,642,870 | 7,805,113 | |
| Net book value | ||||||
| At 31 March 2021 | 10,7&5,362 | 528,403 | 601,157 | 2,139,625 | 14,054,547 | |
| At 31 March 2020 | 11,195,134 | 543,204 | 384,019 | 12,122,357 |
| Group | Group | Theatre | Theatre | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||||
| E. | ||||||||
| Materials | and | goods | for | resale | 27,770 | 37,967 | 20,526 | 20,811 |
| Group | Group | Theatre | Theatre | ||
|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||
| Due within one year | |||||
| Trade debtors | 60,273 | 283,794 | 29,226 | 259,005 | |
| Amounts owed by group undertakings |
282,992 | 308,747 | |||
| Other debtors | 178,001 | 276,668 | 178,001 | 30,931 | |
| Prepayments | and accrued income | 532,281 | 232,562 | 526,778 | 229,427 |
| 770,555 | 793,024 | 1,016,997 | 828,110 |
| Group | Group | Theatre | Theatre | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||||
| Bank loans and overdrafts | 2,789 | 4,139 | 2,789 | 4,139 | ||||
| Coronavirus Business Interruption |
Loan | |||||||
| Scheme | 33,333 | 33,333 | ||||||
| Coventry City Council loan |
18,012 | 17,154 | 18,012 | 17,154 | ||||
| Trade creditors | 104,613 | 263,538 | 95,227 | 246,924 | ||||
| Amounts owed to group undertakings |
2 | 2 | ||||||
| Other taxation and social security | 32,384 | 51,943 | 32,384 | 51,943 | ||||
| Accruals | 836,766 | 648,530 | 832,770 | 641,573 | ||||
| Deferred income | 220,201 | 522,553 | 184,627 | 503,867 | ||||
| 1,248,098 | 1,507,857 | 1,199,144 | 1,465,602 | |||||
| The Group has obtained a ofthis loan, the government accounted for as a grant. |
loan via the Coronavirus Business Interruption Loan will pay any arrangement fees and interest for the |
Scheme (CBILS).As part first 12months which are |
||||||
| Group | Group | Theatre | Theatre | |||||
| 2021 | 2020 | 2021 | 2020 | |||||
| Deferred income at 1 April | 2020 | 522,553 | 942,161 | 503,867 | 853,491 | |||
| Resources deferred during |
the year | 220,201 | 522,553 | 184,627 | 503,857 | |||
| Amounts released from previous |
periods | (522,553) | (942,161) | (503,867) | (853,491) | |||
| 220,201 | 522,553 | 184,627 | 503,867 |
| Group | Group | Theatre | Theatre | ||
|---|---|---|---|---|---|
| 2021f | 2020 | 2021 | 2020 | ||
| Bank loans | 966,667 | 966,667 | |||
| Other loans | 173,199 | 189,497 | 173,199 | 189,497 | |
| 1,139,866 | 189,497 | 1,139,866 | 189,497 | ||
| Included within the above are amounts |
falling | due as follows: | |||
| Group | Group | Theatre | Theatre | ||
| 2021 | 2020 | 2021 | 2020 | ||
| Between one and two years | |||||
| Bank loans | 200,000 | 200,000 | |||
| Other loans | 21,643 | 19,029 | 21,643 | 19,029 | |
| Between two and five years | |||||
| Bank loans | 600,000 | 600,000 | |||
| Other loans | 62,603 | 59,622 | 62,603 | 59,622 | |
| Over five years | |||||
| Bank loans | 166„667 | 166,667 | |||
| Other loans | 88,953 | 110,846 | 88,953 | 110,846 |
| Group | Group | Theatre | Theatre | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| E | ||||||
| Repayable | by | instalments | 88,953 | 110,846 | 88,953 | 110,846 |
| 88,953 | 110,846 | 88,953 | 110,846 |
| Statement offunds | - | current | year | ||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Balance at 31 | |||||
| April 2020f | Income | Expenditure | in/out | March 2021 | |||
| Unrestricted funds |
|||||||
| General Funds | 23,575 | 2,464,492 | (2,583,933) | 680,150 | 584,284 | ||
| Designated funds |
|||||||
| Leasehold office buildings |
|||||||
| (FA*) | 229,126 | (7,638) | 221,488 | ||||
| Renewals reserve |
69,473 | 69,473 | |||||
| Lighting and sound desks |
|||||||
| 2013 (FA ) | 22,603 | (5,617) | 16,986 | ||||
| Capital development | project | ||||||
| 2007 (FA ) | 1,015,000 | 1,015,000 | |||||
| Revenue projects / UK | City of | ||||||
| Culture | 178,000 | 178,000 | |||||
| E-IVlarketing Project |
35,000 | 35,000 | |||||
| Red Lane improvement | 2013 | ||||||
| (FA ) | 213,504 | (7,163) | 206,341 | ||||
| Air cooling project 2012(FA") | 19,662 | (10,011) | 9,651 | ||||
| CNC router project 2015 | |||||||
| (FA ) | 49,850 | (7,470) | 42,380 | ||||
| Capital redevelopment | project | ||||||
| 2020 | 155,000 | (130,000) | 25,000 | ||||
| Restructuring fund |
161,000 | 161,000 | |||||
| 1,987,218 | (37,899) | 31,000 | 1,980,319 | ||||
| Restricted funds | |||||||
| Capital development | project | ||||||
| (FA") | 8,995,873 | (277,972) | 8,717,901 | ||||
| ERDF —capital grant | (FA ) | 9,954 | (1,992) | 7,962 | |||
| Capital redevelopment | |||||||
| project 2020 | 878,663 | 2,837,444 | (327,624) | 3,388,483 | |||
| City ofCulture | 141,005 | (163,852) | 22,847 | ||||
| Culture Recovery Fund | 987,619 | (133,247) | (733„997) | 120,375 | |||
| 9,884,490 | 3,966,068 | (904,687) | (711,150) | 12,234,721 | |||
| Total offunds | 11,895,283 | 6,430,560 | (3,526,519) | 14,799,324 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Transfers | 31 March | ||||||
| 1 April 2019 | Income | Expenditure | in/out | 2020 | ||||
| F | ||||||||
| Unrestricted funds |
||||||||
| General Funds | 201,690 | 5,455,825 | (5,680,940) | 47,000 | 23,575 | |||
| Designated funds |
||||||||
| Leasehold office buildings |
(FA") | 236,764 | (7,638) | 229,126 | ||||
| Renewals reserve |
69,473 | 69,473 | ||||||
| Lighting and sound desks 2013(FA") |
28,220 | (5,617) | 22,603 | |||||
| Capital development | project 2007 | |||||||
| (FA ) | 1,015,000 | 1,015,000 | ||||||
| Revenue projects / UK | City | ofCulture | 200,000 | (22,000) | 178,000 | |||
| E-Marketing Project |
35,000 | 35,000 | ||||||
| Red Lane improvement | 2013(FA ) | 220,667 | (7,163) | 213,504 | ||||
| Air cooling project 2012 (FA") | 29,673 | (10,011) | 19,662 | |||||
| CNC router project 2015(FA") | 57,320 | (7,470) | 49,850 | |||||
| Capital redevelopment | project 2020 | 155,000 | 155,000 | |||||
| 2,047,117 | (37,899) | (22,000) | 1,987,218 | |||||
| Restricted funds | ||||||||
| Capital development | project (FA ) | 9,273,845 | (277,972) | 8,995,873 | ||||
| ERDF - capital grant | (FA") | 11,946 | (1,992) | 9,954 | ||||
| Esmee Fairbaim Foundation |
funding | 38,160 | (38,160) | |||||
| STRAPP Project (Tamasha) | 5,500 | (5,500) | ||||||
| Capital redevelopment | project 2020 | (291,847) | 1,502,823 | (307,313) | (25,000) | 878,663 | ||
| City ofCulture | 117,192 | (117,192) | ||||||
| 8,993,944 | 1,663,675 | (748,129) | (25,000) | 9,884,490 | ||||
| Total offunds | 11242 751 -1 663675 | (6,466,968) | 11,895,283 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | 31 March | ||||
| April 2020 | Income | Expenditure | in/out | 2021f | ||
| General funds | 23,575 | 2,464,492 | (2,583,933) | 680,150 | 584,284 | |
| Endowment | funds | 1,987,21& | (37,899) | 31,000 | 1,980,319 | |
| Restricted | funds | 9,884,490 | 3,966,068 | (904,687) | (711,150) | 12,234,721 |
| 11,895,283 | 6,430,560 | (3,526,519) | 14,799,324 | |||
| Summary | offunds - prior year | |||||
| Balance at | ||||||
| Balance at | Transfers | 31 March | ||||
| 1 April 2019 | Income | Expenditure | in/out | 2020 | ||
| General funds | 201,690 | 5,455,825 | (5,680,940) | 47,000 | 23,575 | |
| Endowment | funds | 2,047,117 | (37,899) | (22,000) | 1,987,218 | |
| Restricted funds | 8,993,944 | 1,663,675 | (748,129) | (25,000) | 9,884,490 | |
| 11,242,751 | 7,119,500 | (6,466,968) | 11,895,283 |
| Analysis | ofnet assets between funds - | current year | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | ||
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2021 | ||
| F | |||||
| Tangible | fixed assets | 307,980 | 12,234,721 | 1,511,846 | 14,054,547 |
| Current | assets | 2,664,268 | 468,473 | 3,132,741 | |
| Creditors | due within one year | (1,248,098) | (1,248,098) | ||
| Creditors | due in more than one year | (1,139,866) | (1,139,866) | ||
| Total | 584,284 | 12,234,721 | 1,980,319 | 14„799,324 |
| Analysis | ofnet assets between funds - | prior year | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | ||
| funds | funds | funds | funds | ||
| 2020f | 2020 | 2020 | 2020 | ||
| Tangible | fixed assets | 440,191 | 10,132,421 | 1,549,745 | 12,122,357 |
| Current | assets | 1,032,807 | 437,473 | 1,470,280 | |
| Creditors | due within one year | (1,259,926) | (247,931) | (1,507,857) | |
| Creditors | due in more than one year | (189,497) | (189,497) | ||
| Total | 23,575 | 9,884,490 | 1,987,218 | 11,895,283 |
| Group | Group | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Net income for the year | (as per Statement ofFinancial Activities) | 2,904,041 | 652,532 | |||||
| Adjustments for: |
||||||||
| Depreciation charges |
542,082 | 400,905 | ||||||
| Interest received | (383) | (5,289) | ||||||
| Interest paid | 12,000 | 12,000 | ||||||
| Decrease in stocks |
10,197 | 14,520 | ||||||
| Decrease/(increase) | in debtors | 22,469 | (394,191) | |||||
| Decrease in creditors |
(293,950) | (111,705) | ||||||
| Net cash provided | by operating | activities | 3,196,456 | 568,772 | ||||
| 24. | Analysis ofcash and cash equivalents | |||||||
| Group | Group | |||||||
| 2021 | 2020 | |||||||
| Cash in hand |
145,740 | 73,560 | ||||||
| Cash held in deposit | accounts | 2,188,676 | 565,729 | |||||
| Total cash and cash | equivalents | 2,334,416 | 639,289 | |||||
| 25. | Analysis ofchanges | in | net debt | |||||
| At 1 April | At 31 March | |||||||
| 2020 | Cash flows | 2021 | ||||||
| Cash at bank and in hand | 639,289 | 1,695,127 | 2,334,416 | |||||
| Bank overdrafts repayable |
on demand | (4,139) | 1,350 | (2,789) | ||||
| Debt due within 1 year |
(17,154) | (34,191) | (51,345) | |||||
| Debt due after 1 year | (189,497) | (950,369) | (1,139,866) | |||||
| 428,499 | 711,917 | 1,140,416 |
| Group | Group | Theatre | Theatre | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| Contracted | for but not provided | in these | ||||
| financial | statements | |||||
| Acquisition | oftangible fixed assets | 50,000 | 150,000 | 50,000 | 150,000 |
| under non | -cancellable operating leases as follows: |
payments | |
|---|---|---|---|
| Group | Group | ||
| 2021 | 2020 | ||
| E | |||
| Amounts | payable: | ||
| Not later than. 1 year | 54,841 | 32,007 | |
| Later than | 1 year and not later than 5years | 201,909 | 149,067 |
| Later than | 5years | 1,293,903 | 1,298,015 |
| 1,550,653 | 1,479,089 |
| Names | Company number |
Registered office or principal place of |
Principal activity |
Class of shares |
Holding | ||
|---|---|---|---|---|---|---|---|
| business | |||||||
| Belgrade Limited |
Theatre Enterprises | 03883084 | Belgrade Theatre, Corporation Street, |
Trading subsidiary |
Ordinary | 100% | |
| Coventry, | |||||||
| West Midlands, | |||||||
| CV1 1GS | |||||||
| Belgrade Limited |
Theatre Productions | 09268009 | Belgrade Theatre, Corporation Street, |
Production theatre |
of | Ordinary | 100% |
| Coventry, | performances | ||||||
| West Midlands, | |||||||
| CV1 1GS | |||||||
| Belgrade | Film 8 Digital Limited | 09268085 | Belgrade Theatre, | Production | of | Ordinary | 100% |
| Corporation Street, |
film 8 digital | ||||||
| Coventry, | performances | ||||||
| West Midlands, | |||||||
| CV1 1GS |
| The financial results ofthe subsidiaries |
The financial results ofthe subsidiaries |
The financial results ofthe subsidiaries |
for the year were: | |||
|---|---|---|---|---|---|---|
| Names | Income | Expenditure | Profit/(Loss) | Net assetsl | ||
| ISurplus/ | (liabilities) | |||||
| (Deficit) for | ||||||
| the year | ||||||
| Belgrade Belgrade Belgrade |
Theatre Enterprises Theatre Productions Film 8, Digital Limited |
Limited Limited |
348,951 248,535 53,762 |
(499,516) (248,535) (53,762) |
(150,565) | (150,563) 1 |