| Page | ||||
|---|---|---|---|---|
| Reference | and Administrative | Details ofthe Charity, its Trustees and Advisers | ||
| Chairman's | Statement | |||
| Trustees' | Report | 3-10 | ||
| Statement | ofTrustees' | Responsibilities | ||
| Independent Auditor's |
Report | on the Financial Statements | 12-15 | |
| Statement | of Financial | Activities | 16 | |
| Balance Sheet | 17-18 | |||
| Statement | ofCash Flows | 19 | ||
| Notes to the Financial | Statements | 20-33 |
| Trustees | Councillor David |
Councillor David |
Stanley, Trustee1 | Stanley, Trustee1 | |||
|---|---|---|---|---|---|---|---|
| Angela Clerkin, |
Trusteet | ||||||
| Rita Beckwith, | Trustees | ||||||
| lan Brown CBE, Chair (resigned 28 | March 2022)2 | ||||||
| Gerald Lidstone, | Trusteea | ||||||
| Lucy Cuthbertson, | Trustees | ||||||
| Nigel Fletcher, | Chair2 | ||||||
| Sophie Hamlet, | Trustee (appointed | 23 April 2021)2 | |||||
| ' | |||||||
| Greenwich Council |
|||||||
| ~ Elected Trustees | |||||||
| Company | registered | ||||||
| number | 00860847 | ||||||
| Charity registered | |||||||
| number | 246186 | ||||||
| Registered | office | Grooms Hill |
|||||
| Greenwich | |||||||
| London | |||||||
| SE108ES | |||||||
| Company | secretary | James Haddrell | |||||
| Chief executive officer | lan Brown CBE | ||||||
| Independent | auditor | MHA Maclntyre | Hudson | ||||
| 6th Floor | |||||||
| 2 London Wall |
Place | ||||||
| London | |||||||
| EC2Y 5AU | |||||||
| Bankers | NatWest | ||||||
| Greenwich South Street |
|||||||
| Greenwich | |||||||
| London | |||||||
| SE109BQ | |||||||
| Solicitors | Grant Saw Solicitors LLP | ||||||
| Wood Wharf Building | |||||||
| Horseferry Place |
|||||||
| Greenwich | |||||||
| London | |||||||
| SE109BB |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| Note | F | ||||
| Income from: | |||||
| Donations and grants |
325,701 | 325,701 | 524,011 | ||
| Charitable activities |
480,727 | 480,727 | (10,689) | ||
| Other trading activities |
16,387 | 16,387 | 7,250 | ||
| Other income | 160,101 | 160,101 | |||
| Total income | 982,916 | 982,916 | 520,572 | ||
| Expenditure on: |
|||||
| Charitable activities |
7 | 1,108,139 | 1,108,139 | 510,425 | |
| Total expenditure | 1,108,139 | 1,108,139 | 510,425 | ||
| Net movement in funds |
(125,223) | (125,223) | 10,147 | ||
| Reconciliation offunds: |
|||||
| Total funds brought |
forward | 18,542 | 18,542 | 8,395 | |
| Net movement in funds |
(125,223) | (125,223) | 10,147 | ||
| Total funds carried | forward | (106,681) | (106,681) | 18,542 |
| 2022 | 2022 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Tangible assets | 11 | 24,734 | 41,396 | ||||
| Investments | 12 | 2 | 2 | ||||
| 24,736 | 41,398 | ||||||
| Current assets | |||||||
| Stocks | 13 | 8,464 | 13,220 | ||||
| Debtors | 14 | 190,957 | 131,807 | ||||
| Cash at bank | and in | hand | 64,864 | 57,041 | |||
| 264,285 | 202,068 | ||||||
| Creditors: Amounts | falling due within one | ||||||
| year | 15 | (395,702) | (224,924) | ||||
| Net current | liabilities | (131,417) | (22,856) | ||||
| Total net liabilities | (106,681) | 18,542 | |||||
| Charity funds | |||||||
| Unrestricted | funds | (106,681) | 18,542 | ||||
| Total funds | (106,681) | 18,542 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | E | |||||
| Cash flows from operating | activities | |||||
| Net cash used in operating |
activities | 16 | 7,823 | 33,281 | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed assets |
(2,699) | |||||
| Cash flows from financing | activities | |||||
| Repayments of borrowing |
(2,769) | |||||
| Change in cash and cash |
equivalents | in | the year | 7,823 | 27,813 | |
| Cash and cash equivalents | at the beginning | ofthe year | 57,041 | 29,228 | ||
| Cash and cash equivalents | at the end | of | the year | 17 | 64,864 | 57,041 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| Donations | 17,344 | 17,344 | |
| Grants | 294,063 | 294,063 | |
| Furlough | income | 14,294 | 14,294 |
| Total 2022 | 325,701 | 325,701 | |
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| Donations | 12,759 | 12,759 | |
| Grants | 332,230 | 332,230 | |
| Furlough | income | 179,022 | 179,022 |
| Total 2021 | 524,011 | 524,011 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| Theatre | Performance | 480,727 | 480,727 |
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| Theatre | Performance | (10,689) | (10,689) |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022f | 2022 | ||
| Rental | income | 16,387 | 16,387 |
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| Rental | income | 7,250 | 7,250 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022f | 2022f | 2021 | |||
| Theatre | tax | relief | 160,101 | 160,101 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2022 | 2022 | 2022 | ||
| F | ||||
| Theatre | Performance | 817,573 | 290,566 | 1,108,139 |
| Activities | ||||
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2021 | 2021 | 2021 | ||
| Theatre | Performance | 278,082 | 232,343 | 510,425 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022f | 2021 | |||||
| Staff costs | 149,358 | 140,507 | ||||
| Depreciation | 16,662 | 13,276 | ||||
| Publicity and |
marketing | 425 | 120 | |||
| Repairs and | maintenance | 8,286 | 3,486 | |||
| Printing, postage and stationery |
1,782 | 2,315 | ||||
| Telephone | 874 | 4,338 | ||||
| Miscellaneous | 16,673 | 1,718 | ||||
| Insurance | 6,575 | 7,638 | ||||
| Licences | 3,530 | 1,064 | ||||
| Utilities and rates | 21,610 | 18,814 | ||||
| Computer expenses |
2,804 | 7,768 | ||||
| Travel and subsistence | 58 | |||||
| Bank and finance charges | 14,068 | 965 | ||||
| Training and |
recruitment | 1,196 | 129 | |||
| Governance | costs | 46,665 | 30,205 | |||
| Total | 290,566 | 232,343 | ||||
| 8. | Governance | costs | ||||
| 2022 | 2021 | |||||
| Auditor's remuneration |
- Audit ofthe financial statements | 10,000 | 10,000 | |||
| Legal and professional | 3,098 | 3,098 | ||||
| Other Governance | costs | 33,567 | 17,107 | |||
| 46,665 | 30,205 |
| 2022 | 2021 | |
|---|---|---|
| Wages and salaries | 312,696 | 283,933 |
| Social security costs | 26,333 | 17,932 |
| Pension costs | 4,652 | 4,343 |
| 343,681 | 306,208 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Office and management | 8 | 8 |
| Theatre Staff | 16 | 12 |
| 24 | 20 |
| Fixtures and | Office | Other fixed | ||
|---|---|---|---|---|
| fittings | equipment | assets | Total | |
| F | E | E | ||
| Cost or valuation | ||||
| At 1 April 2021 | 307,130 | 67,315 | 10,000 | 384,445 |
| At 31 March 2022 | 307,130 | 67,315 | 10,000 | 384,445 |
| Depreciation | ||||
| At 1 April 2021 | 268,632 | 64,417 | 10,000 | 343,049 |
| Charge for the year | 15,694 | 968 | 16,662 | |
| At 31 March 2022 | 284,326 | 65,385 | 10,000 | 359,711 |
| Net book value | ||||
| At 31 March 2022 | 22,804 | 1,930 | 24,734 | |
| At 31March 2021 | 38,498 | 2,898 | 41,396 |
| Principal sub | sidiaries | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The following | was a subsidiary | undertaking | ofthe Charity: | |||||||
| Name | Company | Principal | activity | Class of | Holding | |||||
| number | shares | |||||||||
| Greenwich Theatre Enterprises |
Limited | 02480139 | Dormant | Ordinary | 100% | |||||
| The registered SE108ES |
address of Greenwich |
Theatre Enterprises Limited |
is Grooms | Hill, Greenwich, |
London |
| Name | Net assetsf | ||||
| Greenwich | Theatre Enterprises | Limited | |||
| 13. | Stocks | ||||
| 2022 | 2021f | ||||
| Work in progress |
9,380 | ||||
| Consumables | 8,464 | 3,840 | |||
| 8,464 | 13,220 |
| 2022 | 2021 | ||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 19,884 | 14,988 | |
| Other debtors | 9,711 | 14,990 | |
| Prepayments | and accrued income | 161,362 | 101,829 |
| 190,957 | 131,807 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Trade creditors | 119,031 | 60,769 | |||||
| Other taxation and |
social security | 12,603 | 14,531 | ||||
| Other creditors | 147,399 | 32,805 | |||||
| Accruals | and deferred | income | 116,669 | 116,819 | |||
| 395,702 | 224,924 | ||||||
| 2022 | 2021 | ||||||
| f. | |||||||
| Deferred | income | ||||||
| Deferred | income at 1 | April | 108,819 | 59,142 | |||
| Resources deferred | during | the year | 104,169 | 49,677 | |||
| Amounts | released | from previous | periods | (108,819) | |||
| Deferred | income at | 31 March | 104,169 | 108,819 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||
| Net income/expenditure | for the year (as per Statement | of Financial | |||||||
| Activities) | (125,223) | 10,147 | |||||||
| Adjustments for: |
|||||||||
| Depreciation charges |
16,662 | 13,277 | |||||||
| Gains on investments | 7,800 | ||||||||
| Decrease/(increase) | in stocks | 13 | 4,756 | (3,963) | |||||
| (increase)/decrease | in debtors | 14 | (59,150) | 5/, 799 | |||||
| Increase/(decrease) | in creditors | 15 | 170,778 | (37,880) | |||||
| Net cash provided | by operating | activities | 7,823 | 41,180 | |||||
| 17. | Analysis ofcash and | cash equivalents | |||||||
| 2022 | 2021 | ||||||||
| Cash at bank and in |
hand | 64,864 | 57,041 | ||||||
| Total cash and cash | equivalents | 64,864 | 57,041 | ||||||
| 18. | Analysis ofchanges |
in | net debt | ||||||
| At | 1 April | At 31 March | |||||||
| 2021 | Cash flows | 2022 | |||||||
| f | E | ||||||||
| Cash at bank and in |
hand | 57,041 | 7,823 | 64,864 | |||||
| 57,041 | 7,823 | 64,864 |