2020-07-31-accounts

		Page
Chairman's Report
Report ofthe Trustees		2 to 11
Report ofthe Independent	Auditors	12to 13
Statement of Financial Activities		14
Balance Sheet		15
Cash Flow Statement		16
Notes to the Cash Flow Statement		17
Notes to the Financial Statements		18to 27

						2020	2019
				Unrestricted	Restricted	Total funds	Total funds
				fund	funds
			Notes				F
INCOMING RESOURCES
Incoming resources from generated		funds
Voluntary income			5	1,683,479	286,800	1,970,279	1,695,062
Investment income			6	1,037		1,037	598
Incoming resources from charitable		activities	7
Theatre Productions				654,748		654,748	1,198,401
Education				6,000		6,000	15,821
Management fees charged to	UCC			20,000		20,000	20,000
Other				188,591		188,591	25,335
Total incoming resources				2,553,855	286,800	2,840,655	2,955,217
RESOURCES EXPENDED
Costs ofgenerating funds
Costs ofgenerating voluntary	income			136,637		136,637	180,416
Charitable activities
Theatre Productions				2,106,120	74,542	2,180,662	2,534,066
Education				87,781	55,000	142,781	166,253
Total resources expended				2,330,538	129,542	2,460,080	2,880,735
NET INCOMING RESOURCES				223,317	157,258	380,575	74,482
RECONCILIATION OF FUNDS
Total funds brought forward				545,749	25,000	570,749	496,267
TOTAL FUNDS CARRIED FORWARD				769,066	182,258	951,324	570,749

	BALANCE SHEET AT 31JULY 2020
		Company number	- 00480920
		2020	2019
	Notes
FIXEDASSETS
Tangible assets	14		3,103
CURRENT ASSETS
Stocks		9,812	14,002
Debtors	15	454,459	578,987
Cash at bank		875282	280464
		1,339,553	873,453
CREDITORS
Amounts falling due within one year	16	(388,229)	(305,807)
NET CURRENT ASSETS		951324	567,646
TOTAL ASSETSLESSCURRENT	LIABILITIES	951,324	570,749
NET ASSETS		961324	570749
FUNDS	18
Unrestricted funds		449,068	545,749
Designated funds		320,000
Restricted funds		182288	25000
TOTAL FUNDS		951324	570749

					2020	2019
				Notes	F.
Net cash inflow from operating	activities			1	594,818	(73,314)
Capital expenditure and financial		investment		2
Increase in cash in the period					594,818	~73.314)
Reconciliation ofnet cash flow	to	movement	in
net debt
Increase in cash in the period					594818	~73.314)
Change in net debt resulting from	cash flows				594 818	~73,314)
Movement in net debt in the period Net debt at 1 August					594,818 280,464	(73,314) 353,778
Net debt at 31July					875,282	280.454

			2020	2019
			E	F
Net incoming resources			380,575	74,482
Depreciation charges			3,103	5,799
Decrease/(increase)	in stocks		4,190	(2,630)
Decrease/(increase)	in debtors		124,528	(100,654)
Increase/(decrease)	in creditors		82,422	~50,311)
Net cash inflow from operating		activities	584,818	~73.314)

Capital expenditure	and financial	investment	investment
Purchase of tangible	fixed assets
Net cash outflow for capital expenditure			and financial	investment

ANALYSIS OF CHANGES IN NET DEB	T
	At 1/8/19	Cash flow	At 31/7/20
			E
Net cash:
Cash at bank	280,464	594,818	875,282
Total	280,464	594,818	875,282

The theatre r	eceived n	o gif	ts in kind	in the year (2019:None).
						2020	2019
Unrestricted	grants:
Arts Council	England,	London				1,327,875	1,303,884
ACE applied	an inflationary		increase	of1.84%to the grant awarded	to the theatre	in 2019-2020.
INVESTMENT INCOME
						2020	2019
							F
Investments						1,037	598
INCOMING RESOURCES			FROM CHARITABLE ACTIVITIES
						2020	2019
				Activity		E
Unicorn Productions				Theatre Productions		482,447	945,266
Ancillary trading				Theatre Productions		59,329	113,604
Theatre Tax	Relief			Theatre Productions		112,972	139,531
Education Projects				Education		6,000	15,821
Management	fees charged		to UCC	Other		20,000	20,000
Other income				Other income		7,355	25,335
Job Retention	Scheme			Other income		181,236
						669,339	1,259,557
COSTS OF GENERATING			VOLUNTARY INCOME
						2020	2019
							f.
Profile raising						5,928	47,332
Support costs						130,709	133,084
						136637	160,416

			2020 f	2019
Theatre roductions
Production costs			214,614	285,808
Production wages, actors, stage management		and technical staff	474,390	597,911
Fees and co-productions			118,428	106,923
Marketing			184,089	208,637
Venue rental			236,000	236,000
Writers			62,780	110,934
Research 8 development			25,471	43,160
Community projects			16,615	10,670
Access work			1,875	3,084
Support costs (including	non-direct salaries)		846,400	930,939
			2,188,662	2,534,066
Education
Youth Theatre				1,800
Education projects			16,186	25,282
Support costs (including	non-direct salaries)		126,595	139,171
			142 781	166,253
SUPPORT COSTS
			2020 f	2019 f
Salaries and wages			890,880	895,515
Admin 8 overheads			69,591	108,266
Boxoffice charges			21,465	28,969
Front of House			6,540	10,181
Cafh 8 Merchandise			27,945	45,684
Professional fees			12,682	22,836
ITcosts			21,489	18,987
Depreciation			3,103	5,799
Irrecoverable VAT			50,009	66,957
			1,103,704	1,203,194

			2020 f	2019
Depreciation	-owned	assets	3,103	5,799
Other pension	costs		17,526	13,786
Auditors' remuneration		-audit	7,150	7,150

STAFF COSTS
			2020	2019
				F
Wages and salaries			973,373	981,563
Social security costs			73,273	77,542
Other pension costs			17626	13,786
			1.064,172	1,072,891
Staff costs are split:
Support costs —Salaries			890,880	895,515
Charitable activities			173,292	177,376
			1,064172	1,072,891
The average monthly	number ofemployees	during the year was as follows:
			2020	2019
Production			7	9
Communications			3	3
Front of House			6	9
Boxoffice			3	3
Development			3	3
Artistic and Admin			11	9
			33	36

							Plant and
							machinery
							etc
							E
COST
At 1 August 2019and			31	July	2020		281,029
DEPRECIATION
At 1 August 2019							277,926
Charge for year							3,103
At 31 July 2020							281,029
NET BOOK VALUE
At 31 July 2020
At 31 July 2019							3,103
DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
						2020	2019
							F
Trade debtors						4,700	28,094
Amounts owed by participating					interests	205,727	226,370
Other debtors						244,032	324,523
						454 459	578,987
CREDITORS: AMOUNTS				FALLING DUE WITHIN ONE YEAR
						2020	2019
							f
Trade creditors						19,379	78,707
Taxation and social security						17,942	28,479
Other creditors						25,536	10,983
Accruals and deferred		income				325 372	187,638
						388,229	305,807
DEFERRED INCOME
						2020	2019
						E
Balance b/fwd at	1 August					100,925	105,372
Income released	in the		year			(100,925)	(105,372)
Income deferred	in the		year			292,877	100,925
Balance c/fwd at	31 July 2020					292877	100,925

					2020	2019
		Unrestricted	Restricted	Designated	Total funds	Total funds
		fund	funds	funds
			E		f	F
Fixed assets						3,103
Current assets		837,295	182,258	320,000	1,339,553	873,453
Current liabilities		$388,229)			)308,229)	)305.807)
		449 066	102258	320 000	951324	570,749
MOVEMENT IN FUNDS
				Net
				movement in
			At 1/8/19	funds	Transfers	At 31/7/20
					E
Unrestricted fund
General fund			545,749	223,317	(320,000)	449,066
Designated fund					320,000	320,000
Restricted funds
Theatre productions				10,102		10,102
Education programmes			25,000	(25,000)
Community 8 Access				14,800		14,800
Digital				155,356		155,356
Fundraising costs				2,000		2,000
			570,749	380 575		951,324
Net movement in funds,	included	in the above are	as follows:
				Incoming	Resources	Movement in
				resources	expended	funds
					E
Unrestricted funds
General fund				2,553,855	(2,330,538)	223,317
Restricted funds
Theatre productions				18,000	(7,898)	10,102
Education programmes				70,000	(95,000)	(25,000)
Community &Access				14,800		14,800
Digital				178,000	(22,644)	155,356
Fundraising costs				6,000	(4,000)	2,000
TOTAL FUNDS				2,840,655	~2,460,000)	300,575

Comparatives for moveme	nt in fun	ds
				Net
				movement in
			At 1/8/18	funds	At 31/7/19
				E
Unrestricted Funds
General fund			496,267	49,482	545,749
Restricted Funds
Theatre Productions
Education programmes				25,000	25,000
TOTAL FUNDS			496,267	74,482	570,749
Comparative net movement	in funds,	included	in the above are as follows:
			Incoming	Resources	Movement in
			resources	expended	funds
Unrestricted funds
General fund			2,865,217	(2,815,735)	49,482
Restricted funds
Theatre Productions Education Programmes			10,000 80.000	(10000) ~55,0DO)	25,000
TOTAL FUNDS

The charity hold total commitm	ents und	er an operating lease as follows:
			2020		2019
					F
Expiry date:
Within one year			1,057
Between one and five years			1,235
			2,292
COMPARATIVES FOR THE	STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total	funds
		fund	funds
			E		F
INCOMING RESOURCES
Incoming resources from generated		funds
Voluntary income		1,605,062	90,000	1,695,062
Investment income		598			598
Incoming resources from charitable		activities
Theatre Productions		1,198,401		1,198,401
Education		15,821			15,821
Management fees charged to	UCC	20,000			20,000
Other		25,335			25,335
Total incoming resources		2,865,217	90,000	2,955,217
RESOURCES EXPENDED
Cost ofgenerating funds
Costs ofgenerating voluntary	income	180,416		180,416
Charitable activities
Theatre Productions		2,524,066	10,000	2,534,066
Education		111,253	55,000	166,253
Total resources expended		2,815,735	65,000	2,880,735
NET INCOMING RESOURCES		49,482	25,000		74,482
RECONCILIATION OF FUNDS
Total funds brought forward		496,267		496,267
TOTAL FUNDS CARRIED FORWARD		545,749	25,000	570,749