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|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||
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|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||||||
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||||||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$0|3,73D,624|
##
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|forthe year en|ded 31 March 202|2||||||
|---|---|---|---|---|---|---|---|
||||Unresbictad|Restricted|Designated|Total|Total|
|||Role|funds|funds|funds|2022|2021|
||||5|5|5|8|2|
|Inceme From||||||||
|Donations
and tegacuw||3|2,969,798|458,834||Sr{28,932|4.810.182|
|Charitable Act{vsse - Opemton ofTfrestre||4|4,656,124|||4,656,124||
|Olbsr Iradlre accuses:
Comrnerdal
Trading|Opersaons|5|749437|||749~||
|invesbnenls||6|1,T44|||1,744|3,030|
|Total|||377103|S34||8 35937|6211606|
|Expenditure
On||||||||
|ISaneratlng
Volvo!erg Income||8|141,530|12,911||154j441|137W3|
|Commemiat|Trading Opemtlons|9|1,130,790|38,536||1,169428|140,114|
|Cbadtabte Ac6viSm - Operation ofThaatm||10|6,795512|331,733||7,127a06|4,391,534|
|Total|||S,II67,792|363,180||Sr459g72|4,669,19'i|
|Net Income|||308,311|75.654||384,985|542,415|
|Transfers bebvean funds|||394,872|{394,872)||||
|Net movwnent
in funds|||704,183|{319,218)||384,965|542,415|
|Rscondliabcn
offunds||||||||
|Tolal funds brought
frrvmrd|||Srt35,587|510,072|4M,000|3,345,859|2.803444|
|Total funds canlad forward|||3,139,770|190,854|400,000|3,736,624|3.345,659|
##
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|Group and c|ha|ritabie|compan|y balance|sheets as at|31 INarch|2023||
|---|---|---|---|---|---|---|---|---|
||||||Qroup||ChsrBsbte|Company|
|||||Note|202$ 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|
##
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|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|
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|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|
##
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|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|
##
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##
|||||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|
##
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##
|||||||||
|---|---|---|---|---|---|---|---|
|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||||||||
##
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##
|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|
##
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##
|||||||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%|
##
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##
|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|
##
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|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|
##
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##
|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$5|2,080,973|
##
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|system
licensing fee, insura
not received at the balance
|system
licensing fee, insura
not received at the balance
|nces
and annual s
sheet date.|tage maintena|nce|support,|as well as gra|nt Income con|
|---|---|---|---|---|---|---|---|
|17 Creditors: amounts||falilng due within|one year|||||
||||Group|||Charitable|Company|
||||2023||2022|202$|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|
##
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