## 

## 

## 

|||||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 <br>MrJ J Wilby||(resigned 11 February 2021, appointed|||20 July 2021)||
||||Ms N C Daley (appointed||||17June 2021)|||
|Funding|Body Representatives<br>entitled to attend Board meetings:|||||||||
|Arts Council England West|||Midlands<br>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<br>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|||||||





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## 

|||Unrestricted|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|funds|funds|
|||2021|2021|2021|2021|2020|
||Note|E|||||
|Income and|||||||
|endowments<br>from:|||||||
|Donations<br>and legacies||2,184,740|3,966,068||6,150,808|3,204,924|
|Charitable<br>activities||146,482|||146,482|2,693,922|
|Other trading<br>activities||132,887|||132,887|1,215,365|
|Investments||383|||383|5,289|
|Total income and<br>endowments||2,464,492|3,966,068||6,430,560|7,119,500|
|Expenditure<br>on:|||||||
|Raising funds|8|462'503|||462,503|1,029,745|
|Charitable<br>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<br>before|||||||
|transfers||(119,441)|3,061,381|(37,899)|2,904,041|652,532|
|Transfers<br>between<br>funds|20|680,150|(711,150)|31,000|||
|Net movement<br>in|||||||
|funds before other|||||||
|recognised<br>gains||560,709|2,350,231|(6,899)|2,904,041|652,532|
|Net movement<br>in<br>funds||560,709|2,350,231|(6,899)|2,904,041|652,532|
|Reconciliation<br>of|||||||
|funds:|||||||
|Total funds brought<br>forward||23,575|9,884,490|1,987,218|11,895,283|11,242,751|
|Net movement<br>in funds||560,709|2,350,231|(6,899)|2,904,041|652,532|
|Total funds carried<br>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<br>funds||20||1,980,319||1,987,218|
|Restricted funds||20||12,234,721||9,884,490|
|Unrestricted<br>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<br>funds||20||1,980,319||1,987,218|
|Restricted funds||20||12,234,721||9,884,490|
|Unrestricted<br>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<br>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<br>of borrowing||||||(15,440)|(15,440)|
|Interest paid||||||(12,000)|(12,000)|
|Net cash provided<br>by/(used||in) financing||activities||972,560|(27,440)|
|Change<br>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|





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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2021|
||||||E||
|Donations|||||||
|Donations||||||22,784|
|Capital development|||project 2020||233,243|233,243|
|Grants|||||||
|Coventry<br>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<br>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<br>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<br>f|2020<br>f|2020<br>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<br>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<br>oftangible fixed assets:||||
|- owned<br>by charitable|group|542,082|400,905|
|Auditors<br>remuneration||7,150|6,950|
|Operating<br>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<br>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<br>Business<br>Interruption|||Loan||||||
|Scheme|||||33,333||33,333||
|Coventry<br>City Council loan|||||18,012|17,154|18,012|17,154|
|Trade creditors|||||104,613|263,538|95,227|246,924|
|Amounts<br>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 <br>ofthis loan, the government<br>accounted for as a grant.|loan via the Coronavirus<br>Business<br>Interruption<br>Loan <br>will pay any arrangement<br>fees and interest for the||||||Scheme (CBILS).As part<br> first 12months<br>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<br>during|the year|||220,201||522,553|184,627|503,857|
|Amounts<br>released<br>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<br>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<br>funds||||||||
|General Funds|||23,575|2,464,492|(2,583,933)|680,150|584,284|
|Designated<br>funds||||||||
|Leasehold<br>office buildings||||||||
|(FA*)|||229,126||(7,638)||221,488|
|Renewals<br>reserve|||69,473||||69,473|
|Lighting<br>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<br>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<br>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<br>funds|||||||||
|General Funds||||201,690|5,455,825|(5,680,940)|47,000|23,575|
|Designated<br>funds|||||||||
|Leasehold<br>office buildings|||(FA")|236,764||(7,638)||229,126|
|Renewals<br>reserve||||69,473||||69,473|
|Lighting<br>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<br>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<br>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<br>for:||||||||
||Depreciation<br>charges||||||542,082|400,905|
||Interest received||||||(383)|(5,289)|
||Interest paid||||||12,000|12,000|
||Decrease<br>in stocks||||||10,197|14,520|
||Decrease/(increase)||in debtors||||22,469|(394,191)|
||Decrease<br>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<br>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<br>repayable|||on demand||(4,139)|1,350|(2,789)|
||Debt due within<br>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|<br>-cancellable<br>operating<br>leases as follows:|<br><br>|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<br>number|Registered office or<br>principal<br>place of|Principal<br>activity||Class of <br>shares|Holding|
|---|---|---|---|---|---|---|---|
||||business|||||
|Belgrade <br>Limited|Theatre Enterprises|03883084|Belgrade Theatre,<br>Corporation<br>Street,|Trading<br>subsidiary||Ordinary|100%|
||||Coventry,|||||
||||West Midlands,|||||
||||CV1 1GS|||||
|Belgrade <br>Limited|Theatre Productions|09268009|Belgrade Theatre,<br>Corporation<br>Street,|Production<br>theatre|of|Ordinary|100%|
||||Coventry,|performances||||
||||West Midlands,|||||
||||CV1 1GS|||||
|Belgrade|Film 8 Digital Limited|09268085|Belgrade Theatre,|Production|of|Ordinary|100%|
||||Corporation<br>Street,|film 8 digital||||
||||Coventry,|performances||||
||||West Midlands,|||||
||||CV1 1GS|||||





## 

## 

|The financial<br>results ofthe subsidiaries|The financial<br>results ofthe subsidiaries|The financial<br>results ofthe subsidiaries|for the year were:||||
|---|---|---|---|---|---|---|
|Names|||Income|Expenditure|Profit/(Loss)|Net assetsl|
||||||ISurplus/|(liabilities)|
||||||(Deficit) for||
||||||the year||
|Belgrade <br>Belgrade <br>Belgrade|Theatre Enterprises<br> Theatre Productions<br>Film 8, Digital Limited|Limited<br>Limited|348,951<br>248,535<br>53,762|(499,516)<br>(248,535)<br>(53,762)|(150,565)|(150,563)<br>1|