2021-07-31-accounts - Highbury Theatre Centre Limited

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Contents		Pages
Legal and Administrative	Information
Report ofthe Directors	and Trustees	2-4
Auditors Report		5-7
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		10-17
Appendices		18-21

Directors	Trustees	Stephen Bowyer	—Chairman	—Chairman
		Philip Owen —Company		Secretary and Finance		Director
		Sheila Knapman	—Vice	Chair (Resigned	16June 2021)
		Alison Cahill —Vice Chair (Appointed 16June 2021)
		Brian Bird —President (Deceased 12 November				2021)
		Gwen Evans
		Brian Hill- (Deceased15		December 2021)
		Robert Phillips
		Elizabeth Parry
		Sandra Haynes
		Nicholas Whitehouse
		Richard Irons
Registered	Office	Sheffield Road
		Sutton Coldfield
		West Midlands
		B735HD
Bankers		The Co-Operative	Bank	PLC
		1 Balloon Street
		Manchester
		M60 4EP
Auditors		Haslehursts
		88 Hill Village Road
		Four Oaks
		Sutton Coldfield
		West Midlands
		B755BE


Productions	during the year:-			Attendance '/o
Snapshots	(Part 1)	(Socially Distanced	Audience	Max 30)	87'/0
Snapshots	(Part 2)	(Socially Distanced	Audience	Max 30)	84'/0
Deep Cut (Audio and Photographs)		(Socially Distanced	Max 30)		49'/0
Lockdown	in Little Grimley	(Socially Distanced	Max 30)		96'/0
Disturbing	and Delightful	(Socially Distanced	Max 30)		60'/0

			Unrestricted	Unrestricted
			Total Funds	Total Funds
		Notes	2021	2020
Income and endowments	from
Donations, legacies and grants			20,001	16,960
Investment income			34,204	30,651
Charitable activities:
Bar and catering income			356	10,678
Players income			944	10,687
Theatre income			5,449	24,002
Film Club income			393	725
TOTAL INCOME AND ENDOWMENTS			61,347	93,703
EXPENDITURE
Raising Funds			4,657	3,700
Charitable activities			66,076	96,543
TOTAL EXPENDITURE			70,733	100,243
NET (EXPENDITURE)			(9,386)	(6,540)
Other recognised gains/(losses):
Gains/(losses) on revaluation	offixed assets			262,120
NET (EXPENDITURE) INCOME AND NET		MOVEMENT
IN FUNDS FOR THE YEAR			(9,386)	255,580
Reconciliation of Funds
Total funds brought forward			1,816,241	1,560,661
TOTAL FUNDS CARRIED FORWARD			1,806,855	1,816,241

					2021		2020
FIXEDASSETS
Tangible Assets			10		803,605		805,346
Investment properties			11		800,000		800,000
					1,603,605		1,605,346
CURRENT ASSETS
Stock			12	555		647
Debtors			13	17,002		21,069
Cash at bank and	in hand			203,353		204,360
				220,910		226,076
CREDITORS: AMOUNTS		FALLING
DUE WITHIN ONE YEAR			14	(17,660)		(15,181)
NET CURRENT ASSETS					203,250		210,895
TOTAL ASSETS LESSCURRENT
LIABILITIES					1,806,855		1,816,241
NET ASSETS					1,806,855		1,816,241
FUNDS
Unrestricted funds					1,806,855		1,816,241
TOTAL FUNDS			15		1,806,855		1,816,241

INCOME	2021	2020
	E
Donations	64	6,960
Grants	19,937	10,000
	20,001	16,960

	Covid-19 Business Grants wer current year.	Covid-19 Business Grants wer current year.	e received from	Birmingham	City Council	during th
	INVESTMENT INCOME				2021	2020
					F	f
	Bank interest				3,124	(490)
	Rent received				31,080	31,141
					34,204	30,651
4.	INVESTMENT MANAGEMENT		COSTS		2021	2020
						E
	Investment property	letting agents fees			4,657	3,700
	CHARITABLE ACTIVITIES COSTS			Note	2021	2020
	Bar and catering costs				399	6,316
	Development costs				2,761	9,382
	Players —costs				478	8,458
	Theatre —costs				40,853	50,077
	Film Club —costs				306	843
	Depreciation				16,643	16,169
	Governance costs				4,636	5,298
					66,076	96,543
6.	GOVERNANCE COSTS				2021	2020
					E
	Accountancy				1,520	2,395
	Auditors' remuneration				3,116	2,903
					4,636	5,298

NET INCONIE/(EXPENDITURE)	2021f	2020 E
This is stated after charging:-
Auditor's remuneration	3,116	2,903
Depreciation	16,643	16,169
Bookkeeping	1,520	2,395
	21,379	21,467

TANGIBLE FIXEDASSETS
	Freehold
	Land &	Plant &
	Buildings	Equipment	Total
Cost
At 1 August 2020	807,230	82,227	889,457
Additions Disposals		15,900 (2,287)	15,900 (2,287)
At 31 July 2021	807,230	95,840	903,070
Depreciation
At 1 August 2020 Charge for the year	67,925 9,745	16,186 6,898	84,111 16,643
Disposals		(1,289)	(1,289)
At 31 July 2021	77,670	21,795	99,465
Net book value
At 31 July 2021	729,560	74,045	803,605
At 31 July 2020	739,305	66,041	805,346

lf freehold land and buildings and invest would have been included at the following	ment properties had not been re historical cost:	valued they
	2021	2020
	E
Cost	1,664,127	1,664,127
Depreciation
Brought forward	91,612	86,265
Charge for the year	5,347	5,347
Carried forward	96,959	91,612
Net book value	1,567,168	1,572,515


INVESTMENT PROPERTIES	2021
Cost
At 1 August 2020	800,000
Revaluation
At 31 July 2021	800,000
At 31 July 2020	800,000

no material in	crease/decrease in the valuation at t	he year end.
STOCKS		2021	2020
			E
Sundry Bar Stocks		555	647
DEBTORS		2021	2020
			E
Trade Debtors		471	491
Prepayments	and accrued income	11,835	15,611
VAT		4,696	4,967
		17,002	21,069

14.	CREDITORS —Amounts	CREDITORS —Amounts	Falling Due Within One Year	Falling Due Within One Year	2021	2020
						F
	Trade creditors				11,777	8,779
	Accruals				5,883	6,402
					17,660	15,181
15.	FUND RECONCILIATION		At			At
			31.7.20	Income	Expenditure	31.7.21
						E
	General	fund	1,816,241	61,347	(70,733)	1,806,855

Income and endowments	Income and endowments	from:			2021		2020
Donations, legacies and grants
Donations				64		6,960
Grants received				19,937		10,000
					20,001		16,960
Investment Income
Bank interest				3,124		(490)
Rents received				31,080		31,141
					34,204		30,651
Income from charitable
activities
Bar sales				128		6,886
Catering sales				228		3,792
Box Office receipts				2,773		25,231
Players —membership				89		1,356
Players —Programme	sales					808
Theatre —Centre membership				201		1,238
Theatre —Commission	from	exhibitions				4
Theatre —Sundry sales						16
Theatre —Hire receipts				1,330		4,236
Film Club				393		725
Made in Sutton income Street Kats income				2,000		1,800
					7,142		46,092
Total Income and Endowments					61,347		93,703
Expenditure
Raising Funds
Investment property management			fees		4,657		3,700
Carried forward					4,657		3,700

			2021		2020
						f
Brought forward			4,657		3,700
Charitable Activities:
Bar purchases		173		4,884
Catering purchases		226		1,432
Development —Repairs and	Maintenance	2,761		9,382
Players —Music & Musicians				150
Players —Scripts				806
Players —Costumes				161
Players —Props				500
Players —Sets		97		1,463
Players —Sound & Light				51
Players —Royalties				2,980
Players —Production sundries		180		746
Players —Programmes				638
Players —St John Ambulance				475
Players —Affiliation fees				36
Players —LTG Membership	8 expenses	105		105
Players —PRS 8 PPL		96		347
Theatre —Rates		65		726
Theatre —Water		2,877		1,887
Theatre —Insurance		7,948		8,163
Theatre —Light 8 Heat		7,768		13,188
Theatre —Telephone		2,080		2,150
Theatre —Postage		15		614
Theatre —Repairs & maintenance		14,989		15,933
Theatre —Printing & Stationery		292		708
Theatre —Marketing &Season Guides		968		1,905
Theatre —Cleaning		49		2,304
Theatre —Bad debts Theatre —Credit Card charges		270		(198) 450
Theatre —Premises Licence		180		180
Theatre —Sundry expenses		154		17
Theatre —Depreciation		16,643		16,169
Theatre —Loss on disposal	offixed assets	998
Film Club —expenses		306		843
Made in Sutton expenses		200		2,050
Street Kats expenses		2,000
Governance Costs			61,440		91,245
Bookkeeping		1,520		2,395
Auditors' remuneration		3,116		2,903
			4,636		5,298
Total Expenditure			70,733		100,243
Net (Outgoing) Resources			(9,386)		(6,540)
Gain on revaluation offixed assets					262,	120
Net movement in funds for	the year		(9,386)		255,580

Bar Income &Expenditure	Account	Account
For the Year Ended 31 July	2021		2021	2020
			E	E
Bar sales			128	6,886
Less: Bar purchases			(173)	(4,884)
(Deficit)/Surplus for the year			(45)	2,002
Catering Income &Expenditure		Account
For the Year Ended 31 July	2021		2021	2020
Catering sales Less: Catering purchases			228 (226)	3,792 (1,432)
Surplus for the year			2	2,360
Film Club Income &Expenditure		Account
For the Year Ended 31 July	2021		2021	2020
				E
Film Club income			393	725
Less: Expenses			(306)	(843)
Surplus/(Deficit) for the year			87	(118)

Development Income &Expenditure	Development Income &Expenditure
For the Year Ended	31 July 2021
			2021		2020
Rental Income			31,080		31,141
Less: Expenditure
Repairs & Maintenance Management fees		2,761 4,657		9,382 3,700
			(7,418)		(13,082)
			23,662		18,059
Other Income
Donations			64		6,960
Interest received Grants received			3,124 19,937		(490) 10,000
Gain on revaluation	offixed assets				262,120
Surplus for the year			46,787		296,649

For the Ye	ar Ended 31 July 2021
			2021		2020
Income
Box Office	receipts	855		8,523
Players membership		89		1,356
Programme	sales			808
			944		10,687
Less: Expenditure
Music & musicians				150
Scripts				806
Costumes				161
Props				500
Sets		97		1,463
Sound & Light				51
Royalties				2,980
Production	sundries	180		746
Programmes				638
St John Ambulance				475
Affiliation fees				36
LTG membership		105		105
PRS & PPL		96		347
			(478)		(8,458)
Surplus for	the year		466		2,229

Highbury Theatre Other Activities Income &Expenditure Account For the Year Ended 31 July 2021
		2021		2020
Income
Box Office receipts	1,918		16,708
Centre membership	201		1,238
Commission from exhibitions			4
Sundry sales			16
Hire ofTheatre	1,330		4,236
Made in Sutton income			1,800
Street Kats income	2,000
		5,449		24,002
Less Expenditure
Rates	65		726
Water	2,877		1,887
Insurance	7,948		8,163
Light & Heat	7,768		13,188
Telephone	2,080		2,150
Postage	15		614
Repairs & Maintenance	12,883		13,304
Printing & Stationery	292		708
Marketing &Season Guides	968		1,905
Cleaning	49		2,304
Audit	3,116		2,903
Bookkeeping	1,520		2,395
Credit Card charges	270		450
Premises Licence	180		180
Fire Alarm contract	902		1,251
Lift maintenance	320		505
Computer support	884		873
Sundry expenses	154		17
Depreciation	16,643		16,169
Made in Sutton expenses Bad debts Street Kats expenses	200 2,000		2,050 (198)
Loss on disposal offixed assets	998
		(62,132)		(71,544)
(Deficit) for the year		(56,683)		(47,542)