2023-03-31-accounts

Legal and administrative information	Legal and administrative information
Chairman's Statement
Report ofthe Trustees	(incorporating the Strategic Report) forthe year ended
31 March 2023
Independent auditor's	report to the members ofLeicester Theatre Trust Limited
Consolidated statement offinancial activities (including		income and expenditure	account)
for the year ended 31	March 2023
Group and charitable	company baisnce sheets as at 31	March 2023
Group statement ofcashflows for the year ended 31 March 2023
Notes to the financial	statements for the year ended 31	March 2023

ollows:	ollows:
Attended Meetings				Board	F&R	BD	H&S	Governance
lan Squires (Chair	until	6/12/22)		4				3
Liz Blyth
Clir Piers Singh Clair (LCC)			(Regred 16/6/23)
Mike Dalzell (LCC)
Gary Dixon
Shobna Gutati
Helen Hemlman
Sita Mclntosh (Chair from 6/'l2/2022)
Patrick Muhrihill
Jeremy Parr
Savanna Petal (redred		6/12/22)
Mike Phllllpson (resigned		16/5/23)
Cathy Tyson
Bhavesh Unadkat
Barbara Matthews	(appointed		15/2/23

					Unreslrlated	Reslricted	Designated	Total	Total
				Nels	funds	funds	funds	282S	2022
					E	E	E	5	5
!ncoms From
Cona5ons snd	legscum			3	2,484,337	561,935		3,026,272	3,428,832
Chentsbie AcSvltlss - Operation			ofTheatre	4	12,811,290			12,811,290	4.858.124
Other trading scSvltles: Commerdel Trading		Opersaons		5	1.226,481			'1,22$A$1	749,437
fnvsetm ante				6	18,791			1$,791	1,744
Total					16,520,899	561 935		1706 SS4	8835937
expend@ore	On
Raising funds:
GenersSng	Voluntary	Income		8	17D,433			170+%	154,441
Commercial	Trading	Opemttmm		9	1,593,708			1.593,70$	1,168,326
Chert(able AcavtSss - Opersson			ofTheses	1D	14,719,162	544,475		18363,657	7,127,205
Total					1$,483,323	544,475		17,027,7988,450,972
Nst income					37,576	17460		55,038	384,965
Transfers between funds					288,670	140.000	(148,670)
Net movement	In funds				328,246	(122,540)	(148,570)	S8,035	384,965
ReaonciliaSon	affunds
Total funds bmught forward					3,139,770	t90,854	400,000	3,730,824	3,345,659
Teart funds asnied forward					3,466,016	68,314	251,330	3,7$5,6$0	3,73D,624

forthe year en	ded 31 March 202	2
			Unresbictad	Restricted	Designated	Total	Total
		Role	funds	funds	funds	2022	2021
			5	5	5	8	2
Inceme From
Donations and tegacuw		3	2,969,798	458,834		Sr{28,932	4.810.182
Charitable Act{vsse - Opemton ofTfrestre		4	4,656,124			4,656,124
Olbsr Iradlre accuses: Comrnerdal Trading	Opersaons	5	749437			749~
invesbnenls		6	1,T44			1,744	3,030
Total			377103	S34		8 35937	6211606
Expenditure On
ISaneratlng Volvo!erg Income		8	141,530	12,911		154j441	137W3
Commemiat	Trading Opemtlons	9	1,130,790	38,536		1,169428	140,114
Cbadtabte Ac6viSm - Operation ofThaatm		10	6,795512	331,733		7,127a06	4,391,534
Total			S,II67,792	363,180		Sr459g72	4,669,19'i
Net Income			308,311	75.654		384,985	542,415
Transfers bebvean funds			394,872	{394,872)
Net movwnent in funds			704,183	{319,218)		384,965	542,415
Rscondliabcn offunds
Tolal funds brought frrvmrd			Srt35,587	510,072	4M,000	3,345,859	2.803444
Total funds canlad forward			3,139,770	190,854	400,000	3,736,624	3.345,659

Group and c	ha	ritabie	compan	y balance	sheets as at	31 INarch	2023
					Qroup		ChsrBsbte	Company
				Note	202$ f	2022 f	202S	2022
Fixed assets
Tan lblc assets				14	2,$502r$0	2,146,642	2,$502)$0	2,148,642
Current assets
				16	30,412	27,599	30,412	27,599
Debtors					2,999,277	1,174,153	5.835,455	2,080,973
Cash st bank acd	in	harkt			3,543,531	3,710,247	$,543,5$0	3,710,240
Total current ssssls					0,0'73,220	4,911,999	OW9,$97	5,818,018
realtors -amounts		falling	dus	17	(5,1$8,390)	(3,328,017)	(7,974,574)	(4,234,837)
within one sr Nst current sssehr Total assets less cunant liabilities					t/34,024 3,705,000	1,583,982 1~,5231,563,981 3,7,62, 5,050 3,730,623
The sunda cfthe Chsdty
Ftesbicted Funds					60,314	190,054	88,314	t90,854
Unrectdcted Funds					3,465,010	3,139,770	3,480,015	3,139,769
Designated Funds					251,3$0	400,000	251,3SO	400,000
Total Charitable	Funds			20	$,785,000	3,730,024	3,705,859	3,730,623

Cggtt(towg from opgrgtltt ()activttlgg	Cggtt(towg from opgrgtltt ()activttlgg
		Note
Net cash prrwldsd by I(used In) operating	actlvltles	21	255W8	1.535.362
Cash flows from Invssdng actlvltles
Interest reodved Purchase oftangible fixed assets			15,791 (471~)	1,744 (344,441)
Net cash (used In) Invssgng sctlvltles			(452,655)	(342,597)
Clmnge in Gash and cash equivalents			(155,716)	1,153,665
Tclsl cash end cash equivalents stthe sled cf	ths year		3,715~7	2.516,582
Talsl sash and cash equivalents at ths emt	oftha year		3,543,531	3,710,247

3 Donations and le	gacies in	come
			Unrestricted	Restricted	Total	Total
			funds	funds	2023	2022
			2	2	8	8
Grants for general	funding	purposes:
Arts Coundl of England			1,949,280		1,949,280	1,949,242
Leicester City Council			376,339		376,339	415,780
Donations			138,718	11,635	150,353	110,088
Coronavirus Job Retention Scheme						165,258
Government Cultural	Recovery	Fund 3				350,000
Grants for specific	purposes:
Arts Council of England				408,505	408,505
Leicester City Council						21,392
ksadley Trust				20,000	20,000	20,000
Access to Work				51,699	51,899
Government Cultural	Recovery	Fund 2				371,000
RTYDS				10,871	10,871	10,872
National Theatre				26,850	26,850
Backstage Trust				14,400	14,400
Other				17,775	17,775	15000
			2,464,337	561,935	3,028/12	3.426,632

4 Income from Charitable A	ctivities
	Un sstrtcted	Restricted	Designated	Total	Totai
	funds	Funds	funds	2023	2022
	F	8
BoxOffice receipts	7,681,207			7,681,207	2,804,448
Co-production income	2,071,091			2,071,091	195,931
Technical rscharges	440,710			440,710	369,017
Educational income	108,542			108,542
Fundra ising	1'!8,804			118,804	101,370
Programs and hlsrchandlae	119,861			119,681	61,030
Ticket fee income	305,555			305,566	148,264
Theatre Wire income	77,325			77,326	181,859
Sundry income	254,359			254,359	275,767
Theatre tsx relief	1,634,036			1,634,036	433,949
	12,811,290			12,811,290	4,656,124

				Unrestricted	Restricted	Designated	Total	Total
				funds	Funds	funds	2023	2022
				E	6
Catering		(Bar5	Gaf6) Income	875,909			875,909	421,101
Events		income		301,685			361,885	294,261
Other				46,667			48,887	34,0'75
				1,226,461			1,226,481	749437
8	Investment		Income
				Unrestdctsd		Restricted	Total	Total
					funds	funds	2923	2022
						E	E	2
n	Iss	oslva			18791		18,791	'I,744

Curve Produatian	s		Limited	- Profit and Loss		Total	Total
						2023f	2022 6
Income					2,836,178		914,453
Expenses					(4,470,214)		(1 348 331)
fess ass					~	I	4, 7
Loss on ardlna		activities		before taxation	1,634,036)		(433,878)
axon ossono	ma		activities			,038	433,87
Results orthe Financial Tear
Curve Productions			Limited	- Balance Sheet		Total	Total
						2023	2022
							6
Current Assets
Debtors					4,911,724		1,355,984
Cash at bank and	in	hand				1	1
Total assets					4,911,725		1,355,965
Creditors: amounts	falling due			within ane year	(4,911,725)		(1,355,954)
Total liabilities					t 1	~
Net current assets
Capital and Reserves
Share cepiisl
Total Capital and Reserves

6 Casts ofGenerating	Voluntary I	ncome
		Unresbictad	Restricted	Designated	Total		Total
		funds f	funds f	funds f	2023 f		2022
Support costs		170,433			170,433	154Wt
		170,433			170,433	154)441
Notes:
These casts have been	apportioned	according to a management		review afresources as detailed			in note
11.
9 Costs ofCommercial	Trading Operations
		Unrestricted	Resbicted	Designated	Total		Total
		funds	funds	funds	2023		2022
		f	f	f	f.		f
Bars &catering		363,416			383,415	152,713
Events		54,298			64,296		95,752
Support costs		1,175,996			1,175,996	920,850
		1,593,708			1,593,708	1 169325

	Unreshicted funds	Restricted funds	Designated funds	Total 2023	Total 2022
				f	f
Produced shows	6,340,499	504,213		6,844,712	1,554,183
Presented shows	3,310,828			3,31G,828	1,600,559
Projects &Education	145,185	24,882		17G,047	133,882
Ancillary ac5vlty	256,790			256,790	24,134
Fundralsing	12,040	14,400		26,440	19,314
Support casts	4,264,006	1,000		4,265,006	3.507.549
Governance -support costs	388,477			388,477	286,539
Trustees' ex nses	1357			1357
	14,719182	544475		15,263 657	7,127205

						Total	Total
		Voluntary f	Charitable	Governance f	Commercial f	2023 f	2022f
Chief Executhrs		23,132	48,284	34,698	11,566	115,660	130,280
Finance 8	Admin	35,953	323,584	215,723	143,815	719,075	382,342
Communications		73,589	551,915	36,794	73,588	735,886	682,858
Artistic		15,389	277,007	15,390		307,786	190,989
Operations			570,938		287,544	958,480	802,207
Hospitality	and Events				446,353	448,353	338,957
Human Resources		17,314	95,226	17,314	43,286	173,142	138,637
Depreciation			221,997		45,469	267,466	218,700
Fundraising		5,056	13,144	2,022		20,222	71,072
Customer	Services		359,285		39,020	399.205	326,727
Ticket Sales			340,455		17,919	356,374	222,997
ICT			138,056	7,670	7,670	153,398	151,280
Creative Progrsmmes			167,544			187,544
Production			1,059,591	56,866	58,866	1,177,323	1,214,486
		170,433	4,265,006	358,477	1.175,996	5,999,912	4,869,532

Department	Voluntary	Charitable	Governance	Commercial
Chief Executive	20%	40%	30%	10%
BFinance 8Admin	5%	45%	30%	20%
Communications	10%	75%	5%	10%
Artistic	5%	90%	5%
Operations		70%		30%
Hospitality and Events				100%
Human Resources	10%	55%	10%	25%
Depreciation		83%		17%
Fundmising	25%	65%	10%
Customer Services		90%		10%
Ticket Sales		95%		8%
1CT		90%		5%
Creative Programmes		100%
Production		90%		5%

employees and trustees ofthe group and charitable	company during the year we	re ss follows
	Total	Total
	2023	2022
Byactivity Executive Management	8
Administration	60
Production and Technical	26
Staffcosts (forthe above persons) Wages snd salaries Social SecurIty Pension costs	2,548~ 245,102 67,894	2,149,036 189,771 55.768
	2,86$,126	2,394,595

Net incoming resources forthe year are stated after char	ging:	ging:
	20232022
Depreciation oftangible fixed assets	268,062	218.700
Loss on disposai oftangible fixed assets	9,234
Operaring lease charges - Land and Buildings	28,000	29,000
Operating lease charges - Other	S,MS	6,762

				2023	2022
				2
Audit services —statutory		audit oftrust and consolidated
accounts				38,370	31,735
Audit services —Statutory		audit ofthe subsidiary	company	2,330	2,035
All other non-audit	services			10,$50	5,900
				48,050	3g670

The Group snd Charitable	Co	mpany:
				Fixtures, fittings, equipment
Cost at 1 April 2022				3,325,775
Additjons				471,490
Assets written off in the year				(40,366)
Cost at31March 2023				3,756,697
Accumulated Depreciation	at	1 April 2022		1,170,133
Charge for the year				256,062
Written olf in the year				(31,134)
Accumu ats epreciation		at31Mere	2023	1,406,001
Net book valuer
At 31March 2023				2,$50&1$6
At 31 March 2022				2,146,642

Notes to the gnanclel stat 15 Stock	Notes to the gnanclel stat 15 Stock	smenta for th	e year ended	31March 2	023(continue	d)
The Group and Charitable		Company			20236	2022f
Consumable	oods				30,412	27,599
18 Debtors
			Group		Charitable	Company
			2023	2022	2023	2022
				6	K
Trade debtors			142,154	245,027	142,154	245,027
Amount due from subsidiary		undertaking			4,911,725	1,355,964
Costs in advance Prepaymenta and accrued Other debtors		income	48,682 2,739~ 69142	85,397 793,340 50,369	48,682 67'i,385 61 509	65,397 344,196 50,389
			2,999W7	1,174,153	SAS5r$5	2,080,973

system licensing fee, insura not received at the balance	system licensing fee, insura not received at the balance	nces and annual s sheet date.	tage maintena	nce	support,	as well as gra	nt Income con
17 Creditors: amounts		falilng due within	one year
			Group			Charitable	Company
			2023		2022	202$	2022
					k	6	8
Trade creditors			525,$11		186,464	526,311	186,464
Amount due to subsidiary Other taxation and social		undertaking security costs	93,131		102,976	2,836,178 93,131	914,453 102,976
Accruals and deferred	income		4,1Lt,342	2,542,226		4,18$,342	2,542,226
Other creditors			336 612		496 351	SS6612	488 718
			5138S98	3	328017	7974574	4234837

18 Re	conciliation ofdeferred income:
Group	and Charitabte Company		2023 f	2022 6
Balance Amount	at 1 April 2022 released to income earned from charitable	activities	1,635,761 (1,838~)	969,972 (525,247)
Amount Amouni	refunded in the year deferred in ear		(299) 2,417,672	(46,657) 1,437,713
Balance	at 31 March 2023		2,417,872	1,835,781