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|---|---|---|
|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|
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|||||||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|
##
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##
||||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)|
##
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|Capital expenditure|and financial|investment|investment||
|---|---|---|---|---|
|Purchase of tangible|fixed assets||||
|Net cash outflow for capital expenditure|||and financial|investment|
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|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|
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|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|
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||||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|
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|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|
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||||||||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|
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||||||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|
##
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|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||||||
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|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||