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## 

## 

|R|Quince|G Kirk|
|---|---|---|
|A|Wayne|E Michie (Appointed 26/05/22)|
|B|Littlefair|E Fisher|
|M|Codrington Fernandez|S Whybrew (appointed 10/11/21)|
|B|Howard (Appointed 18/02/21)|S Henderson (Appointed 11/02/21 Resigned 18/05/22)|





## 

|**Risk**|**Level**|**Mitigating**|**Mitigated**|
|---|---|---|---|
|||**action**|**risk**|
|Unable to operate the theatre|High|Sufficient funding resources reserved to sustain core|Medium/|
|physically due to circumstances||stafffor a period of 6 months, table top exercises to|High|
|out of our control. i.e Pandemic||identify most likely scenarios and mitigations.||
|Flu, Natural Disaster||Investigate and take up any and all relevant national||
|||& local qovernment financial and other support.||
|Reduction of revenue grants|High|Continue to work with and build relationships with|Medium|
|||funders.||
|Additional loss of public subsidy|High|Hold regular reviews with funders to assess|Medium|
|in-year destabilising the||likelihood of reductions in funding. Implement an||
|operational plan||annual reserves policy/procedure with a view to||
|||gradually growing company reserves to balance||
|||public subsidy over 5 years.||
|Salaries & fees falling below|Medium|Knowledge of norm rates. Build team approach with|Low|
|industry norms||staff and maintain overall working environment.||
|Child and vulnerable adult|High|Theatre Safeguarding Policy. Staff training, DBS|Low|
|protection||Checks. External licensing where required.||
|The organisation is unable to|Medium|Skills and knowledge sharing sessions held bi-|Low|
|meet operational objectives due||monthly between teams to avoid silo working and||
|to the loss of key staff||single ownership of knowledge||





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## 



## Claire Sutherland 

## 2 December 2022 



|||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2022**|Funds|Funds|2021|
||**Note**||||||(Restated)|
|**Income from**||£|£|£|£|£|£|
|Grants, donations and||||||||
|legacies|2|379,771|115,903|495,674|601,334|86,171|687,505|
|Othertrading activities||||||||
|_Fundraising_||39,100||39,100|8,590||8,590|
|_Front of House activities_||150,389|-|150,389|473||473|
|_Sponsorship_||59,417||59,417|32,333|-|32,333|
|_Other Income_||29,785|-|29,785|19,018|-|19,018|
|Investments||214|-|214|416|-|416|
|Other Income|7|111,090|-|111,090|340,330|-|340,330|
|||--||||||
|||769,766|115,903|885,669|1,002,494|86,171|1,088,665|
|Charitable activities||||||||
|_Operation of theatre and_||||||||
|_artistic programmes_|3|960,469|-|960,469|56,346|-|56,346|
|**Total**||1,730,235|115,903|1,846,138|1,058,840|86,171|1,145,011|
||||--|||||
|**Expenditure on**||||||||
|Raisingfunds||||||||
|_Fundraising costs of grants_||||||||
|_and donations_|6|146,991||146,991|116,348||116,348|
|_Front of House activities_|6|95,286||95,286|3,456||3,456|
|Charitableactivities||||||||
|_Operation of theatre and_||||||||
|_artistic programmes_|5|1,511,473|232,969|1,744,442|746,131|88,788|834,919|
|**Total**||1,753,750|232,969|1,986,719|865,935|88,788|954,723|
||||||||--|
|**Net movement of funds in**||||||||
|**year**|7|(23,515)|(117,066)|(140,581)|192,905|(2,617)|190,288|
|**_Reconciliation offunds_**||||||||
|Total funds brought forward||680,112|4,137,336|4,817,448|487,207|4,139,953|4,627,160|
|**Total funds carried**||656,597|4,020,270|4,676,867|680,112|4,137,336|4,817,448|
|**forward**||||||||





||**Note**|**2022**|||2021|
|---|---|---|---|---|---|
|||£|£|£|£|
|**Fixed assets**||||||
|Tangible assets|11||4,218,582||4,239,902|
|**Current assets**||||||
|Stocks|13|14,522||||
|Debtors|14|107,707||197,299||
|Cash at bank and in hand||873,119||876,724||
|||-||||
|||995,348||972,023||
|**Creditors: amounts falling**||||||
|**due within one year**|15|537,063||496,477||
|**Net current assets**|||458,285||577,546|
|**Net assets**|||4,676,867||4,817,448|
|**Represented by**||||||
|**Funds**||||||
|Unrestricted: -|17|||||
|- General fund|||472,396||611,578|
|- Designatedfund|||184,201||68,534|
||||656,597||680,112|
|Restricted funds|17||4,020,270||4,137,336|
|**Total funds**|||4,676,867||4,817,448|






||**Note**|**2022**|||2021|
|---|---|---|---|---|---|
|||£|£|£|£|
|**Fixed assets**||||||
|Tangible assets|11||4,218,582||4,239,902|
|Investments|12||100||100|
||||4,218,682||4,240,002|
|**Current assets**||||||
|Stocks|13|14,522||||
|Debtors|14|107,607||197,199||
|Cash at bank and in hand||873,119||876,724||
|||995,248||971,923||
|**Creditors: amounts falling**||||||
||15|||||
|**within one year**||537,063||496,477||
|**Net current assets**|||458,185||577,446|
||||-|||
|**Net assets**|||4,676,867||4,817,448|
|**Represented by**||||||
|**Funds**||||||
|Unrestricted: -|17|||||
|- General fund|||472,396||611,578|
|- Designatedfund|||184,201||68,534|
||||656,597||680,112|
|Restrictedfund|17||4,020,270||4,137,336|
|**Total funds**|||4,676,867||4,817,448|






## 

|||**2022**|2021|
|---|---|---|---|
||**Note**|||
|||£|£|
|**_Cashflows generated by/(used by) operating activities_**|24|**51,461**|85,996|
|**Cashflows from investing activities**||||
|Interest income||**214**|416|
|Purchase of tangiblefixed assets||**(55,280)**||
|Net cash provided by investing activities||**(3,605)**|416|
|**_Change in cash and cash equivalents in the year_**||**(3,605)**|86,412|
|**_Cash and cash equivalents at the beginning of the year_**||**876,724**|790,312|
|**_Total cash and cash equivalents at the end of the year_**|25|**873,119**|876,724|





## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



|**2.**|**Income from grants, donations and legacies**|**Income from grants, donations and legacies**||||
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|Total|
||||||2021|
|||**Funds**|**Funds**|**2022**|(Restated)|
||**_Grants_**|£|£|£|£|
||Suffolk County Council|102,000||102,000|102,000|
||West Suffolk Council|61,250||61,250|61,250|
||Cultural Recovery Grant|107,311||107,311|220,579|
||**_Trusts_ &** **_Foundations_**|||||
||Suffolk Community Foundation|-|-|-|1,600|
||Arts Council England||-|-|83,318|
||National Trust||5,450|5,450||
||St Edmunds Trust|||-|7,989|
||Alfred Williams Charitable Trust|500||500|2,500|
||Foyle Foundation|-|20,000|20,000||
||Theatres Trust|-|5,000|5,000|5,000|
||Community Chest Grant|-|-|-|5,000|
||Harris Family Trust|-|||10,000|
||**_Donations_**|||||
||Friends of Theatre Royal|17,776|-|17,776|14,559|
||Others|90,934|85,453|176,387|173,710|
|||379,771|115,903|495,674|687,505|
|**3.**|**Income from charitable activities**|||||
|||**Unrestricted**|**Restricted**|**Total**|Total|
|||**Funds**|**Funds**|**2022**|2021|
|||£|£|£|£|
||Professional events|452,757|-|452,757|47,760|
||Pantomime|440,151||440,151||
||Education programme|15,588||15,588|4,330|
||Amateur events|21,082|-|21,082||
||Agency events|658||658||
||Heritage Tours|568||568||
||Other|29,665|-|29,665|4,256|
|||960,469|-|960,469|56,346|





|||**Fundraising**|||
|---|---|---|---|---|
|||**costs of**|||
||**Theatre**|**grants and**|**2022**|2021|
||**operation**|**donations**|**Total**|Total|
||£|£|£|£|
|**_Support costs_**|||||
|Administration staff|68,763|68,763|137,526|125,102|
|Administration costs|504,683|4,922|509,605|572,884|
|Premises costs|128,574||128,574|60,682|
||-||||
||702,020|73,685|775,705|758,668|
|||=|||



|||**Productions**|**Productions**|||||
|---|---|---|---|---|---|---|---|
||||**and**|**Education**||**2022**|2021|
|||**performances**||**programme**||**Total**|Total|
||||£|£||£|£|
||Professional events||**418,264**|-||**418,264**|56,348|
||Co-Productions||**16,476**|-||**16,476**||
||Touring productions|||||||
||Pantomime||**221,449**|-||**221,449**|(8,451)|
||Education & Community|||**199,276**||**199,276**|33,095|
||programme|||||||
||Artistic staff||**25,786**|**8,595**||**34,381**|31,276|
||Box office||**3,971**|-||**3,971**|1,389|
||Marketing||**60,526**|**27,201**||**87,727**|16,667|
||Technical||**51,892**|**1,702**||**53,594**|9,365|
||Operations||**7,285**|-||**7,285**|2,737|
||Support costs (note 4)||**613,229**|**88,790**||**702,019**|692,493|
||||**1,418,878**|**325,564**||**1,744,442**|834,919|
|**6. **|**Analysis of cost of raising funds**|||||||
||||**Other**|**Support**||**2022**|2021|
|||**Staff costs**|**costs**|**costs**||**Total**|Total|
|||£|£||£|£|£|
||Fundraising costs of grants|||||||
||and donations|37,324|35,982|73,685||146,991|116,348|
||Front of house activities|36,191|59,095||-|95,286|3,456|
|||-||||||
|||73,515|95,077|73,685||242,277|119,804|





## 

|This has been arrived at after:|This has been arrived at after:|||
|---|---|---|---|
|Receiving||||
|||**2022**|2021|
|||£|£|
|Government Grants - Business Restrictions Grants||43,600|47,286|
||- Coronavirus Job Retention SchemeGrants|14,456|293,044|
|Charging||||
|||**2022**|2021|
|||£|£|
|Depreciation|- Owned|76,600|57,977|
|Operating leases|- Land & buildings|16,500|16,500|
||- Plant and machinery|2,016|2,050|
|Auditor's remuneration - Statutory audit of charity & consolidated||16,995|18,530|
|accounts||||
||- Tax Compliance Services|1,750|1,500|
||-Audit related assurance services|2,000||
||- Otherservices||2,300|



## 

|s:|||
|---|---|---|
||**2022**|2021|
||**Number**|Number|
|Full time|**20**|15|
|Part time|**46**|42|
||--|--|
||**66**|57|
||=|=|
|Staffcosts consist of:|£|£|
|Wages and salaries|**728,283**|619,081|
|Social security costs|**48,512**|39,146|
|Pension costs|**19,552**|12,638|
||**796,347**|670,865|



## 

## 



## 

## 

|**11.Tangible assets (Charity and Group)**|||||
|---|---|---|---|---|
||**Long**||||
||**Leasehold**||||
||**property**|**Motor**|||
||**improvements**|**Vehicles**|**Equipment**|**Total**|
||£|£|£|£|
|_Cost_|||||
|At 1 April 2021|5,041,255|14,846|283,315|5,339,416|
|Additions|||55,280|55,280|
|Disposals|||(227,046)|{227,046)|
|**At 31 March 2022**|**5,041,255**|**14,846**|**111,550**|**5,167,651**|
|_Depreciation_|||||
|At 1 April 2021|808,919|14,846|275,749|1,099,514|
|Charge for year|57,977||18,623|76,600|
|Disposals|||{227,046)|(227,046)|
|**At 31 March 2022**|866,896|14,846|67,326|949,068|
|_Net book value - owned assets_|||||
|**At 31 March 2022**|**4,174,359**||**44,224**|**4,218,583**|
|At 31 March 2021|4,232,336||7,566|4,239,902|
|**12.lnvestments (Charity only)**|||||
|||||Total|
|||||£|
|**Cost**|||||
|1 April 2021 and 31 March 2022||||**100**|






## 

## 

|**13.Stocks (Charity and Group)**|||||
|---|---|---|---|---|
||||**2022**|2021|
||||`£`|£|
|Goods for resale|||**14,522**||
|**14.Debtors**|||||
||**2022**|**2022**|2021|2021|
||**Group**|**Charity**|Group|Charity|
||£|£|£|£|
|Trade debtors|12,592|12,592|6,662|6,662|
|Other debtors|81,638|18,933|169,348|112,658|
|Prepayments and accrued income|13,477|13,477|21,289|21,289|
|Amounts owed by group undertakings|-|62,605||56,590|
||--||||
||107,707|107,607|197,299|197,199|
|||||-|
|All amounts within debtors fall due for payment within one year.|||||
|**15.Creditors: amounts falling due within one **|**year**||||
||**2022**||2021|2021|
||**2022**||||
||**Group**|**Charity**|Group|Charity|
||£|£|£|£|
|Trade creditors|**47,893**|**47,893**|**23,758**|**23,758**|
|Taxation and social security|**16,984**|**16,984**|**10,562**|**10,562**|
|Other creditors|**24,005**|**24,005**|**17,452**|**17,452**|
|Accruals|**128,426**|**128,426**|**97,454**|**97,454**|
|Deferred income (see note 19)|**319,755**|**319,755**|**347,251**|**347,251**|
||**537,063**|**537,063**|**496,477**|**496,477**|
|||||--|



## 

## 

## 

||||||**At 31**|
|---|---|---|---|---|---|
||||||**March**|
||**At 1 April 2021**|**Income**|**Expenditure**|**Transfers**|**2022**|
||£|£|£|£|£|
|General funds|611,578|1,730,235|(1,753,750)|(115,667)|472,396|
|Designated funds|68,534|-|-|115,667|184,201|
||680,112|1,730,235|(1,753,750)||656,597|
|||-||||





||**At 1 April**||||**At 31 March**|
|---|---|---|---|---|---|
||**2020**|**Income**|**Expenditure**|**Transfers**|**2021**|
||£|£|£|£|£|
|General funds|409,829|1,058,840|(865,935)|8,844|611,578|
|Designatedfunds|77,378|||(8,844)|68,534|
||487,207|1,058,840|(865,935)|-|680,112|



## 

||**At 1 April**|**Income**|**Expenditure**||**At 31 March**|
|---|---|---|---|---|---|
||**2021**|**2022**|**2022**|**Transfers**|**2022**|
||£|£|£|£|£|
|Artisticfund|33,500||-|103,755|131,255|
|Operational fund|35,034||-|11,912|52,946|
|||||--||
||68,534|-|-|115,667|184,201|
||||||=|
||**At 1 April**|**Income**|**Expenditure**||**At 31 March**|
||**2020**|**2021**|**2021**|**Transfers**|**2021**|
||£|£|£|£|£|
|Artistic fund|35,000|-||(1,500)|33,500|
|Operational fund|42,378|-||(7,344)|35,034|
|||||--||
||77,378|||(8,844)|68,534|





||**At 1 April**|||**At 31 March**|
|---|---|---|---|---|
||**2021**|**Income**|**Expenditure**|**2022**|
||£|£|£|£|
|Capital Development Project Fund|3,934,450||(57,977)|**3,876,473**|
|Capital Boiler Replacement Fund||20,000|(4,000)|**16,000**|
|Access Project Fund|12,187|-|(4,616)|**7,571**|
|BeyondWalls Fund|105,121|20,807|(91,058)|**34,870**|
|Seating Fund|7,997|-||**7,997**|
|Small Equipment Fund|1,100|-|(1,100)||
|Black Theatre Live Project Fund|5,882|-|-|**5,882**|
|'Holes' Production||6,500|(6,500)||
|YouthTheatre Production 22/23||2,500|-|**2,500**|
|Youth Bursaries Fund|1,686|-||**1,686**|
|Doorstep Project Fund|13,910|8,415|(22,325)||
|RealisingAmbitions Project Fund|21,085|5,000|(384)|**25,701**|
|Artistic Directors Fund|11,060||-|**11,060**|
|lckworth Volunteers Project Fund|3,075||(1,250)|**1,825**|
|Head East|-|500|-|**500**|
|Tiny Plays Project|-|30,600|(23,820)|**6,780**|
|Commissioning Circle|-|10,000|(9,496)|**504**|
|Downlighters|-|5,000||**5,000**|
|Defibrillator|-|1,350|(1,287)|**63**|
|SEN YouthTheatre|7,989|5,231|(7,362)|**5,858**|
|Covid Restart|1,794|-|(1,794)||
|Youth/Local Engagement|10,000|-|-|**10,000**|
||4,137,336|115,903|(232,969)|**4,020,270**|
||**At 1 April**|||**At 31 March**|
||**2020**|**Income**|**Expenditure**|**2021**|
||£|£|£|£|
|Capital Development Project Fund|3,992,427|-|(57,977)|**3,934,450**|
|Access Project Fund|12,187|-|-|**12,187**|
|BeyondWalls Fund|61,991|64,173|(21,043)|**105,121**|
|Seating Fund|7,997||-|**7,997**|
|Small Equipment Fund|1,163||(62)|**1,100**|
|BlackTheatre Live Project Fund|7,382||(1,500)|**5,882**|
|Premier Bar Project Fund|4,491||(4,491)||
|Youth Bursaries Fund|1,686||-|**1,686**|
|SEN YouthTheatre|-|7,989|-|**7,989**|
|Covid Restart|-|5,000|(3,206)|**1,794**|
|Youth/Local Engagement|-|10,000|-|**10,000**|
|Doorstep Project Fund|13,410|500|-|**13,910**|
|RealisingAmbitions Project Fund|21,084||-|**21,085**|
|Artistic Directors Fund|11,060|-|-|**11,060**|
|lckworth Volunteers Project Fund|3,075||-|**3,075**|
|Mystery Plays Project Fund|2,000|3,000|(5,000)||
||4,139,953|86,171|(88,788)|**4,137,336**|





## 



## 

||**General Funds**|**Designated**|**Restricted**|**Total**|
|---|---|---|---|---|
|||**Funds**|**Funds**|**2022**|
||£|£|£|£|
|Tangiblefixed assets|297,885|28,224|3,892,473|4,218,582|
|Net current assets|174,511|155,977|127,797|458,285|
||**472,396**|**184,201**|**4,020,270**|**4,676,867**|
||**General Funds**|**Designated**|**Restricted**|**Total**|
|||**Funds**|**Funds**|**2021**|
||£|£|£|£|
|Tangiblefixed assets|297,885|7,567|3,934,450|4,239,902|
|Net current assets|313,693|60,967|202,886|577,546|
||-||||
||**611,578**|**68,534**|**4,137,336**|**4,817,448**|
||:|||=|





|**19.Analysis of charity net assets between **|**funds**||||
|---|---|---|---|---|
||**General**|**Designated**|**Restricted**|**Total**|
||**Funds**|**Funds**|**Funds**|**2022**|
||£|£|£|£|
|Tangiblefixed assets|297,885|28,224|3,892,473|4,218,582|
|Investments|100||-|100|
|Net current assets|174,411|155,977|127,797|458,185|
||**472,396**|**184,201**|**4,020,270**|**4,676,867**|
||=||||
||**General**|**Designated**|**Restricted**|**Total**|
||**Funds**|**Funds**|**Funds**|**2021**|
||£|£|£|£|
|Tangiblefixed assets|297,885|7,567|3,934,450|4,239,902|
|Investments|100|-|-|100|
|Net current assets|313,593|60,967|202,886|577,446|
||-||||
||**611,578**|**68,534**|**4,137,336**|**4,817,448**|
||||--||
|**20.Deferred income (Charity and Group)**|||||
|||**2022**|2021||
|||£|£||
|Balance at 1 April||**347,251**|319,759||
|Amount released in year||**(347,251)**|(139,611)||
|Amount deferred in year||**319,755**|167,103||
|||**319,755**|347,251||



## 

|chinery are as follows:|||
|---|---|---|
||**2022**|**2021**|
||£|£|
|Amounts due:|||
|within one year|**2,016**|2,000|
|between one and five years|**4,032**|7,167|
||**6,048**|9,167|



|as follows:|||
|---|---|---|
||**2022**|2021|
||£|£|
|Amounts due:|||
|within one year|**12,500**|16,500|
|between one and five years|**50,000**|50,000|
|Afterfive years|**850,000**|862,500|
||-||
||**912,500**|929,000|
||=||





## 

## 

||**2022**|2021|
|---|---|---|
||£|£|
|Costs recharged|**526,503**|76,748|
|Management charges paid|**473,469**|67,077|
|Owed by BSETheatre Productions Limited|**62,605**|56,690|



## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|Net movement infunds|(140,581)|190,288|
|Interest received|(214)|(416)|
|Depreciation|76,600|65,321|
|(lncrease)/decrease in stock|(14,522)|3,132|
|(Decrease) in debtors|89,592|(110,313)|
|lncrease/(decrease) in creditors|40,586|(62,016)|
|Net cashflowfrom operating activities|**51,461**|**85,996**|



|**25.Analysis of changes in net funds**||||
|---|---|---|---|
||**2021**|**Cash Flow**|**2022**|
||£|£|£|
|Cash at bank and in hand|876,724|(3,605)|873,119|





## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|Collected|7,458||
|Fees charged|658||
|Amount included in Other Creditors at 31 March|3,232||



## 

||**As previously**|**As previously**|||
|---|---|---|---|---|
|||**reported**|**Restatement**|**Restated**|
|Grants, donations and|||||
|legacies||719,838|(32,333)|687,505|
|Other TradingActivities||28,081|32,333|60,414|