| Company information |
||
|---|---|---|
| Chair's Statement | ||
| Trustees'/Directors' Report |
||
| Independent Auditor's |
Report | 13 |
| Consolidated Statement |
of FinancialActivities | |
| Balance Sheet | 18 | |
| Consolidated Cash flow |
Statement | 19 |
| Notes to the accounts | 20 |
| Unrestricted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Nota | 2023 | 2023 | 2023 | 2023 | 2022 | ||
| EOOD | 6000 | 6000 | EOOO | EOOO | |||
| Income from: | |||||||
| Donations and legacies |
4 | 1,638 | 60 | 1,698 | 4,518 | ||
| Charitable activities |
5 | 3,210 | 3,210 | 2,018 | |||
| Other trading | activities | 6 | 1,304 | 1,304 | 1,067 | ||
| Investments | 7 | 10 | 10 | ||||
| Total incoming | resources | 6,162 | 60 | 6,222 | 7,603 | ||
| Expenditure on: |
|||||||
| Raising funds | 1,161 | 1,161 | 998 | ||||
| Charitable activities |
4,871 | 124 | 1,067 | 6,062 | 5,089 | ||
| Total resources | expended | 6,032 | 124 | 1,067 | 7,223 | 6,087 | |
| Net Income/(expenditure) | 130 | (124) | (1,007) | (1,001) | 1,516 | ||
| Transfers between funds |
(28) | 21 | 7 | ||||
| Net movement | In funds | 102 | (103) | (1,000) | (1,001) | 1,516 | |
| Fund balances | brought forward at 1April 2022 | 19,20 | 516 | 2,479 | 13,320 | 16,315 | 14,799 |
| Fund balances | carried forward ot31 March 2023 | 19,20 | 618 | 2,376 | 12,320 | 15,314 | 16,315 |
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||||
| Note | EOOO | EOOO | EOOO | EOOO | |||
| Fixed assets | |||||||
| Tangible Assets | 13 | 13,860 | 14,737 | 13,860 | 14,737 | ||
| Investments | 14 | ||||||
| 13,860 | 14,737 | 13,860 | 14,737 | ||||
| Current assets | |||||||
| Stocks | 15 | 23 | 23 | 7 | 7 | ||
| Debtors | 16 | 1,006 | 1,158 | 1,099 | 1,400 | ||
| Cash at bank and | in hand | 2,385 | 3,094 | 2,132 | 2,769 | ||
| 3,414 | 4,275 | 3,238 | 4,176 | ||||
| Current liabilities |
|||||||
| Amounts falling due within one year |
17 | (1,702) | (2,145) | (1,594) | (1,961) | ||
| Net current assets | 1,712 | 2,130 | 1,644 | 2,215 | |||
| Total assets less current | liabilities | 15,572 | 16,867 | 15,504 | 16,952 | ||
| Creditors.'amounts | falling due after more | ||||||
| than one year | 18 | (258) | (552) | (258) | (552) | ||
| Total net assets | 15,314 | 16,315 | 15,246 | 16,400 | |||
| Funds | |||||||
| Restricted funds | 20 | 12,320 | 13,320 | 12,320 | 13,320 | ||
| Unrestricted | |||||||
| General funds |
19 | 618 | 516 | 550 | 601 | ||
| Designated funds |
19 | 2,376 | 2,479 | 2,376 | 2,479 | ||
| Total unrestricted | funds | 2,994 | 2,995 | 2,926 | 3,080 | ||
| Total funds | 15,314 | 16,315 | 15,246 | 16,400 |
| Forthe year ended | 31Ma | rch 20 | 23 | ||||
|---|---|---|---|---|---|---|---|
| Gl'o up | |||||||
| 2023 | 2022 | ||||||
| Note | 8000 | 6000 | |||||
| Reconciliation ofnet movement | of | funds to cash flows from operating | activities: | ||||
| Net income/(expenditure) | (1,001) | 1,516 | |||||
| Adjustments for: |
|||||||
| Depreciation | 905 | 782 | |||||
| Investment income |
10 | ||||||
| Interest paid | 21 | 10 | |||||
| Decrease in stocks |
and work in | progress | 4 | ||||
| (Increase)/decrease | in debtors | 152 | (387) | ||||
| (Decrease)/increase | in creditors | (252) | 732 | ||||
| Net cash generated | from | operating | activities | (165) | 2,657 | ||
| Cash flow statement | |||||||
| Cash flows from operating | activities | (165) | 2,657 | ||||
| Cash flows from investing | activities | ||||||
| Purchase offixed assets | (28) | (1,334) | |||||
| Repayments of borrowing |
(485) | (553) | |||||
| Investment income |
(10) | ||||||
| Interest paid |
(21) | (10) | |||||
| Net cash generated | in the | year | (709) | 760 | |||
| Cash and cash equivalents | at the | beginning ofthe year | 3,094 | 2,334 | |||
| Cash and cash equivalents | at the end ofthe year | 2,385 | 3,094 |
| iation is provided on the following |
bases: |
|---|---|
| Long leasehold property |
50years |
| Furniture and fittings |
3to 15years |
| Computer equipment |
3to 5years |
| Event programme equipment |
10years |
| Sundry equipment | 3to 10years |
| Motor vehicles | 5 years |
| Theatre refurbishment | 2 to 50years |
| Income fro | m | donation | s and legacies |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||||
| General | Designated | Restricted | |||||||
| funds | funds | funds | Total funds | Total funds | |||||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||||
| 6000 | 6000 | 6000 | f000 | 6000 | |||||
| Donations | |||||||||
| General | 49 | 49 | 9 | ||||||
| Capital development | project 2020 | 11 | |||||||
| Coventry | Building Society Charitable | Foundation | 60 | 60 | 40 | ||||
| Sir Barry Jackson | 3 | ||||||||
| F Marks | 5 | ||||||||
| Esmee Fairbeirn | |||||||||
| 54 | 60 | 114 | 68 | ||||||
| Grants | |||||||||
| Coventry | City Council | 595 | 595 | 606 | |||||
| Arts Council | England | 960 | 960 | 2,043 | |||||
| Capital development | funding 2020 | 1,109 | |||||||
| Garfield Wesyon | 510 | ||||||||
| Paul Hemlyn | 146 | ||||||||
| 1,555 | 1,555 | 4,414 | |||||||
| Government | grants | ||||||||
| Coronevirus | Job Retention Sceme Income | 10 | |||||||
| Kickstert | Scheme | 29 | 29 | 8 | |||||
| CQVID Relief Restart | Grant | 18 | |||||||
| 29 | 29 | 36 | |||||||
| Total | 1,638 | 60 | 1,698 | 4,518 |
| Income from charltabl ~activities | |||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| General | Designated | Restricts d | |||
| funds | funds | funds | Totalfunds | Totalfunds | |
| 2023 | 2023 | 2023 | 2023 | 2022 | |
| 8000 | 6000 | 8000 | 6000 | 6000 | |
| Box Office | 3,021 | 3,021 | 1,852 | ||
| Grant end other income | 137 | 137 | 135 | ||
| Education | 52 | 52 | 31 | ||
| Tote I | 3,210 | 3,210 | 2,018 |
| 6 | Income from | Income from | trading | activities | |||||
|---|---|---|---|---|---|---|---|---|---|
| unrestricted | |||||||||
| General | Designated | Restricted | |||||||
| funds | funds | funds | Total funds | Total funds | |||||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||||
| EOOO | EOOO | EOOD | f000 | EOOO | |||||
| Conferencing | 142 | 142 | 74 | ||||||
| Ice cream &merchandise | 93 | 93 | 65 | ||||||
| Production | services | 465 | 465 | 382 | |||||
| Drama classes and workshops | 14 | ||||||||
| Catering | 604 | 532 | |||||||
| 1,304 | 1,067 | ||||||||
| 7 | Investment | Income | |||||||
| unrestricted | |||||||||
| General | Designated | Restricted | |||||||
| funda | funds | funds | Total funds | Total funda | |||||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||||
| f000 | f000 | EOOD | EOOO | EOOO | |||||
| Interest receivable | 10 | 10 | |||||||
| 10 | 10 | ||||||||
| 8 | Expenditure | ||||||||
| unrestricted | |||||||||
| General | Designated | Restricted | |||||||
| funds | funds | funds | Total funda | Total funds | |||||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||||
| f000 | f000 | EOOO | f000 | f000 | |||||
| Expenditure | on raising funds | ||||||||
| Fund raising | cost ofgrants and donations | 10 | 10 | 5 | |||||
| Fund raising | trading expenses | 1,151 | 1,151 | 989 | |||||
| Other trading expenses | 4 | ||||||||
| 1,161 | 1,161 | 998 | |||||||
| Expenditure | on charltabl ~ activities | ||||||||
| Operational | Theatre | 4,792 | 124 | 1,037 | 5,953 | 5,028 | |||
| Educational | activities | 79 | 30 | 109 | 61 | ||||
| 4,871 | 124 | 1,067 | 6,062 | 5,089 | |||||
| Tote I | 6,032 | 124 | 1,067 | 7,223 | 6,087 |
| Support | |||||||
|---|---|---|---|---|---|---|---|
| DirectCosts | Costs | Totalfunds | Totalfunds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| EOOO | EOOO | EOOO | EOOO | ||||
| ExpendIture | on raising | funds | |||||
| Fundraising | cost of grants and donations | 10 | 10 | 5 | |||
| Fundraising | trading expenses | 1,018 | 133 | 1,151 | 989 | ||
| Other trading expenses | 4 | ||||||
| 1,028 | 133 | 1,161 | 998 | ||||
| Expenditure | on charitable | activities | |||||
| OperationalTheatre | 5,082 | 871 | 5,953 | 5,028 | |||
| Educational | activities | 109 | 109 | 61 | |||
| 5,191 | 871 | 6,062 | 5,089 | ||||
| Total | 6,219 | 1,004 | 7,223 | 6,087 | |||
| Net Income/(Expenditure) | |||||||
| This ls stated | after charging | ||||||
| 2023 | 2022 | ||||||
| EOOD | 5000 | ||||||
| Depreciation | of tangible | fixed assets: | |||||
| owned by charitable |
group | 905 | 782 | ||||
| Auditors remuneration |
14 | 21 | |||||
| Operating lease costs |
77 | 55 | |||||
| 996 | 858 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| No. | No. | |||
| Actors and production | 47 | 53 | ||
| Front of house, catering and | cleaning | 55 | 39 | |
| Marketing | 4 | 5 | ||
| Administration | 12 | 10 | ||
| 118 | 107 | |||
| 2023 | 2022 | |||
| f000 | EOOO | |||
| Wages and salaries | (including | actors) | 2,039 | 2,174 |
| Social security and | pension costs | 203 | 193 | |
| 2,242 | 2,367 |
| 2023 | 2022 |
|---|---|
| No. | No. |
| Long-term | Furniture, | |||||
|---|---|---|---|---|---|---|
| Freehold | leasehold | Events | equipment | Assets under | ||
| property | propery | equipment | &vehicles | construction | Total | |
| EOOO | EOOO | EOOO | EOOO | EOOO | EOOO | |
| Cost or valuation | ||||||
| At 1April 2022 | 18,504 | 740 | 506 | 2,339 | 1,235 | 23,324 |
| Additions | 21 | 7 | 28 | |||
| Transfers | 1,242 | (1,242) | ||||
| At 31March 2023 | 19,746 | 740 | 506 | 2,360 | 23,352 | |
| Depreciation | ||||||
| At 1April 2022 | 6,068 | 226 | 506 | 1,787 | 8,587 | |
| Charge for the year | 751 | 15 | 139 | 905 | ||
| At 31March 2023 | 6,819 | 241 | 506 | 1,926 | 9,492 | |
| Net book value | ||||||
| At 31March 2023 | 12,927 | 499 | 434 | 13,860 | ||
| At 1April 2022 | 12,436 | 514 | 552 | 1,235 | 14,737 |
| Investments | Investments |
|---|---|
| In subsidiary | In subsidiary |
| companies | companies |
| 2023 | 2022 |
| Group | Group | Company | Company | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||||
| EOOO | EOOO | EOOO | EOOO | ||||
| Materials | and | goods for resale | 23 | 23 | |||
| 23 | 23 | 7 | 7 | ||||
| 16 | Debtors | ||||||
| Group | Group | Company | Company | ||||
| 2023 | 2022 | 2025 | 2022 | ||||
| EOOO | EOOD | f000 | EOOO | ||||
| Trade debtors | 233 | 568 | 175 | 451 | |||
| Amounts | owed by group undertakings | 575 | 435 | ||||
| Prepayments | and accrued income | 668 | 384 | 244 | 331 | ||
| Other debtors | 105 | 206 | 105 | 183 | |||
| 1,006 | 1,158 | 1,099 | 1,400 |
| Group | Group | Company | Company | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||||
| EOOO | EOOO | EOOO | EOOO | ||||
| Coronavirus Business Interruption |
Loan Scheme | 200 | 200 | ||||
| Coventry | City Council loan | 20 | 19 | 20 | 19 | ||
| Trade creditors | 334 | 552 | 306 | 476 | |||
| Other taxation | and social security | 41 | 61 | 41 | 61 | ||
| Accruals | 424 | 654 | 385 | 650 | |||
| Deferred | income | 743 | 659 | 702 | 555 | ||
| Other creditors | 140 | 140 | |||||
| 1,702 | 2,145 | 1,594 | 1,961 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||
| EOOO | EOOO | EOOO | EOOO | |||
| Deferred | income at 1April 2022 | 659 | 220 | 555 | 185 | |
| Deferred | during the year | 743 | 659 | 702 | 555 | |
| Released | from previous | periods | (659) | (220) | (555) | (185) |
| Deferred | income at 31March 2023 | 743 | 659 | 702 | 555 |
| Group | Group | Company | Company | |||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||||
| EOOO | EOOO | EOOO | EOOO | |||||
| Bankloans | 267 | 267 | ||||||
| Otherloans | 136 | 155 | 136 | 155 | ||||
| Other creditors | 122 | 130 | 122 | 130 | ||||
| 258 | 552 | 258 | 552 | |||||
| Included within |
the above are amounts | falling due as follows: | ||||||
| Group | Group | Company | Company | |||||
| 2023 | 2022 | 2023 | 2022 | |||||
| EOOO | EOOO | EOOO | EOOO | |||||
| Between one and two years | ||||||||
| Bankloans | 200 | 200 | ||||||
| Otherloans | 21 | 20 | 21 | 20 | ||||
| 21 | 220 | 21 | 220 | |||||
| Between two and five years | ||||||||
| Bankloans | 67 | 67 | ||||||
| Otherloans | 70 | 66 | 70 | 66 | ||||
| 70 | 133 | 70 | 133 | |||||
| Over five years | ||||||||
| Bankloans | ||||||||
| Otherloans | 45 | 70 | 45 | 70 | ||||
| 45 | 70 | 45 | 70 | |||||
| The aggregate | amount of liabilities | payable or | ||||||
| repayable | wholly or in part more than 5years after the | |||||||
| Group | Group | Company | Company | |||||
| 2023 | 2022 | 2023 | 2022 | |||||
| EOOO | EOOO | EOOO | EOOO | |||||
| Repayable | by installments | 70 | 45 | 70 | ||||
| 45 | 70 | 45 | 70 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Transfers | 31March | |||||
| 1Aprg 2022 | Income | Expenditure | In/(out) | 2023 | |||
| EOOO | EOOO | EOOO | 4000 | EOOO | |||
| General fund | 516 | 6,162 | (6,032) | (28) | 618 | ||
| Oaslgnated funds |
|||||||
| Fixed assets funds | |||||||
| Leasehold office buildings | 214 | (8) | 206 | ||||
| Lighting end sound desks 2013 | 11 | (6) | 5 | ||||
| Capital development | project 2007 | 1,015 | 1,015 | ||||
| Red Lane improvement | 2013 | 199 | (7) | 192 | |||
| Air cooling project 2012 | 4 | (4) | |||||
| CNC router project 2015 | 35 | (10) | 25 | ||||
| Fixed asset fund | 390 | (85) | 21 | 326 | |||
| 1,868 | (120) | 21 | 1,769 | ||||
| Revanuefunds | |||||||
| Renewals reserve |
69 | 25 | 94 | ||||
| Revenue projects/UK |
City of Culture | legacy | 178 | 178 | |||
| E-Marketing project |
35 | 35 | |||||
| Restructuring fund |
29 | (4) | (25) | ||||
| Contingency fund |
300 | 300 | |||||
| 611 | (4) | 607 | |||||
| Total Oaslgnated funds |
2,479 | (124) | 21 | 2,376 | |||
| Total Unrestricted funds |
2,995 | 6,162 | (6,156) | (7) | 2,994 | ||
| Free reserves | 1,127 | 6,162 | (6,036) | (28) | 1,225 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance et | Transfers | 31March | ||||||
| 1Aprg 2022 | Income | expenditure | In/(out) | 2023 | ||||
| 6000 | 8000 | 5000 | 6000 | 6000 | ||||
| Fixed assets funds | ||||||||
| Capital development | project | 8,440 | (278) | 8,162 | ||||
| ERDF - capital grant | 6 | (2) | 4 | |||||
| Capital redevelopment | project 2020 | 3,063 | l344) | 2,719 | ||||
| Jeg Pub | development | 1,235 | (124) | 7 | 1,118 | |||
| Culture | Recovery Fund | 126 | (38) | 88 | ||||
| 12,870 | (786) | 7 | 12,091 | |||||
| Revenue | funds | |||||||
| City of Culture | 206 | (206) | ||||||
| Jeg Pub | development | 55 | (7) | 48 | ||||
| Paul Hemlyn grant |
146 | (30) | 116 | |||||
| Coventry | Building Society Charitable | Foundation | 40 | 60 | (38) | 62 | ||
| Sir Barry | Jackson | 3 | 3 | |||||
| 450 | 60 | (281) | 229 | |||||
| Total | 13,320 | 60 | (1,067) | 7 | 12,320 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Transfers | 31March | |||||
| 1apr0 2022 | Income | Expenditure | ln/(out) | 2023 | |||
| f000 | 6000 | 6000 | EOOO | EOOO | |||
| Genera(funds | 516 | 6,162 | (6,032) | (28) | 618 | ||
| Designated | funds | 2,479 | (124) | 21 | 2,376 | ||
| Restricted | funds | 13,320 | 60 | (1,067) | 7 | 12,320 | |
| 16,315 | 6,222 | (7,223) | 15,314 | ||||
| 22 | Analysis ofnat assets by fund |
| Unrestricted | Designated | Restricted | |||
|---|---|---|---|---|---|
| funds | funds | funds | Total funds | ||
| 2023 | 2023 | 2023 | 2023 | ||
| EMO | EOOO | 6000 | EOOO | ||
| Tangible | fixed assets | 1,769 | 12,091 | 13,860 | |
| Net current assets | 618 | 607 | 229 | 1,454 | |
| 618 | 2,376 | 12,320 | 15,314 |
| At 1April | At 31March | ||||
|---|---|---|---|---|---|
| 2022 | Cash flows | 2023 | |||
| EOOO | EOOO | EOOO | |||
| Cash | at bank and | in hand | 3,094 | (709) | 2,385 |
| Debt | due within | 1year | (219) | 199 | (20) |
| Debt | due after 1 | year | (422) | 286 | (136) |
| 2,453 | (224) | 2,229 |
| Group | Group | ||
|---|---|---|---|
| 2023 | 2022 | ||
| EOOD | EOOD | ||
| Amounts | payable: | ||
| Within one year | 49 | 62 | |
| Between | one and five years | 180 | 183 |
| In over five years | 1,256 | 1,251 | |
| 1,485 | 1,496 |
| Registered | or | or | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company | principal place |
of | Principal | Class | of | |||||||
| Name | number | business | ~ctlvty | shares | Holding | |||||||
| Trading | ||||||||||||
| Belgrade | Theatre Enterprises | Limited | 03883084 | Belgrade Theatre | subsidiary | Ordinary | 100'Vo | |||||
| Corporation | Street | |||||||||||
| Coventry | ||||||||||||
| West Midlands | ||||||||||||
| CV1 1GS | ||||||||||||
| Belgrade | Theatre Productions | Limited | 09268009 | Belgrade Theatre | Production | of | Ordinary | 100'Vo | ||||
| Corporation | Street | theatre | ||||||||||
| Coventry | performances | |||||||||||
| West Midlands | ||||||||||||
| CV1 1GS | ||||||||||||
| Belgrade | Film & Digital Limited | 09268085 | Belgrade Theatre | Production | of | Ordinary | 10094 | |||||
| Corporation | Street | film & | digital | |||||||||
| Coventry | performances | |||||||||||
| West Midlands | ||||||||||||
| CV1 1GS | ||||||||||||
| Profit | for | Nat | ||||||||||
| Income | Expenditure | tha year | assets/ | |||||||||
| OOOO | EOOO | EOOO | EOOO | |||||||||
| Belgrade | Theatre Enterprises | Limited | 1,304 | (1,151) | 153 | 69 | ||||||
| Belgrade | Theatre Productions | Limited | 2,264 | (2,264) | ||||||||
| Belgrade | Film 8 Digital Limited |
| unrestricted | unrestricted | |||||
|---|---|---|---|---|---|---|
| General | Designated | Restricted | ||||
| funds | funds | funds | Total funds | |||
| Note | 2022 | 2022 | 2022 | 2022 | ||
| EOOO | EOOO | 6000 | EOOO | |||
| Income from: | ||||||
| Donations end legacies |
4 | 1,611 | 2,907 | 4,518 | ||
| Charitable activities |
5 | 2,018 | 2,018 | |||
| Other trading activities | 6 | 1,067 | 1,067 | |||
| Investments | 7 | |||||
| Total incoming resources |
4,696 | 2,907 | 7,603 | |||
| Expenditure on: |
||||||
| Raising funds | 998 | 998 | ||||
| Charitable activities |
3,096 | 170 | 1,823 | 5,089 | ||
| Total resources expended | 4,094 | 170 | 1,823 | 6,087 | ||
| Nat income/(expenditure) | 602 | (170) | 1,084 | 1,516 | ||
| Transfers between funds |
(670) | 669 | 1 | |||
| Net movement ln funds |
(68) | 499 | 1,085 | 1,516 | ||
| Fund balances brought forward atI Apri(2021 | 19, | 20 | 584 | 1,980 | 12,235 | 14,799 |
| Fund balances carried forward at31March 2022 | 19, | 20 | 516 | 2,479 | 13,320 | 16,315 |