2021-03-31-accounts - Georgian Theatre (Richmond) Trust Ltd

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		Page
Trustees' report		1-5
Statement oftrustees'	responsibilities
Independent auditor's	report	7-10
Statement offinancial	activities
Balance sheet		12-13
Statement ofcash flows		14
Notes to the financial	statements	15-27

				Unrestricted	Restrtcted	Total	Unresbicted	Restricted	Total
				funds	funds		funds	funds
				2021	2021		2020	2020	2020
			Notes	E	E		E	E	E
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Donations and gifis			2	232,696		232,696	149,197		149,197
Charitable activities			3		504,750	504,750	248,213	50,000	298,213
Other trading activtfies			4	375	(403)	(28)	43,756	15,844	59,600
Investments			5	3,695		3,695	6,738		6,738
Total income				236,766	504,347	741,113	447,904	65,844	513,748
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Raising funds			6	2,791		2,791	16,280		16,280
Charitable activities			7	241,477	63,382	304,859	434,978	82,324	517,302
Total resources
expended				244,268	63,382	307,650	451,258	82,324	533,582
Net gains/(losses)		on
investments			10	48,639		48,639	(31,157)		(31,157)
Net incoming/
(outgoing) resources before transfers				41,137	440,965	482,102	(34,511)	(16,480)	(50,991)
Gross transfers
between funds				728,279	(728,279)		43,586	(43,586)
Net movement	in	funds		769,416	(287,314)	482,102	9,075	(60,066)	(50,991)
Fund balances at 1
April 2020				474,447	401,667	876,114	465,372	461,733	927,105
Fund balances	at	31
INarch 2021				1,243,863	114,353	1,358,216	474,447	401,667	876,114

				2021		2020
			Notes			8
Fixed assets
Tangible assets			12		1,032,916		563,930
Investments			13		188,408		257,055
					1,221,324		820,985
Current aeeete
Stocks			14	3,065		4,478
Debtors			16	43,994		46,227
Cash at bank	and in	hand		175,924		67,904
				222,983		118,609
Creditors: amounts		falling due within
one year			16	(86,091)		(63,480)
Net current assets					136,892		55,129
Total assets	less current liabilities				1,358,216		876,114
Income funds
Restricted funds			17		114,353		401,667
Unrestricted	funds				1,243,863		474,447
					1,358,216		876,114

				2021		2020
			Notes	6		6
Cash flows from operating		activities
Cash generated from operations			21		514,784
Investing	activities
Purchase	oftangible fixed assets			(527,745)		(1,200)
Purchase	of investments			(38,708)		(99,326)
Proceeds	on disposal of investments			155,994		94,897
Investment	income received			3,695		6,738
Net cash	(used in)/generated from
investing	activities				(406,764)
Net cash	used in financing	activities
Net Increase In cash and cash equivalents					108,020
Cash and	cash equivalents	at beginning	ofyear		67,904
Cash and	cash equivalents	at end of	year		175,924

Donations and gifts
		Unrestricted	Unrestricted
		funds	funds
		2021f	2020f
Donations and gifts		60,996	126,947
Grants receivable for core activities		171,700	22,250
		232,696	149,197
Grants receivable for core activities
Small Business Grant Fund			20,000
Richmond Town Council		2,250	2,250
Arts Council England - Emergency	Response and Culture Recovery	87,960
Richmondshire Distdct Council - COVID Support		19,796
Coronavirus Job Retention Scheme		59,194
D'Oyly Carte Charitable Trust		2,500
		171,700	22,250

	Charitable	Charitable
	activities	activities
	2021	2020
	6	6
Boxoffice income		222,542
Youth theatre income		25,671
Project grants	504,750	50,000
	504 750	298213
Analysis by fund Unrestricted funds		248,213
Restricted funds	504,750	50,000

Performance related grants	Performance related grants
The Liz and Terry Bramafi Foundation Fund		and Sylvia Crathome		Memorial Trust	50,000	50,000
The Hsmish Ogston Foundation	-Auditorium		Seating Project		375,000
Heating and Ventilation Project					79,750
					504,750	50,000

Other trading activities
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2021f	2021 6	2021 6	2020 6	2020 F	2020 F
Bar, ice cream and catering income				32,394		32,394
Pantomime merchandise				1,208		1,208
Ancillary trading income	375		375	10,154		10,154
Restoration )evy		(403)	(403)	-	15,844	15,844
Other trading activities	375	(403)	(28)	43,756	15,844	59,600

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		E	E
Income	from listed investments	3,694	6,707
Interest	receivable	1	31
		3,695	6,738

Unrestricted	Unrestricted
funds	funds
2021	2020
E	E
1,413	13,900
1,378	2,380
2,791	16,280

Charitable activities
		Direct	Direct
		Charitable	Charitable
		Expenditure	Expenditure
		2021	2020
		E	E
Staff costs		182,489	185,569
Depreciation and impairment		58,759	55,950
Property running costs Office supplies and running	costs	24,610 3,680	35,723 4,454
Marketing and advertising Repairs and maintenance	costs	2,407 7,257	6,233 14,917
Computer consumable expenses		6,392	6,895
Legal and professional fees Staff recruitment and training		11.313	14,458 719
Sundry expenses		574	3,067
Irrecoverable VAT		6,351	20,485
Bank charges		791	4,087
Production share to visiting	companies	84	67,821
In house production expenses			70,599
Youth theatre expenses		90	12,931
Brochure publication costs			13,248
Conservation and museum	costs	62	146
		304,859	517,302
		304,859	517,302
Analysis by fund Unrestricted funds		241,477	434,978
Restricted funds		63,382	82,324
		304,859	517,302

The average	monthly number ofemployees during t	he year was:
		2021	2020
		Number	Number
Administrative
Finance
Management
Employment	costs	2021 8	2020f
Wages and salaries		169,251	170,803
Social security costs		9,858	11,144
Other pension costs		3,580	3,622
		182,489	185,569

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			8	F
Revaluation	of	investments	37,220	(32,804)
Gain/(loss)	on	sale ofinvestments	11,419	1,647
			48,639	(31,157)

Tangible	fixed assets	fixed assets
				Freehold	Short	Lighting	Rxtures,	Total
				Property &	Leasehold	Equipment	Rtungs s
				Improvements	Property		Equipment
					Improvements
				5	6
Cost
At 1 April	2020			271,854	1,861,968	94,389	157,121	2,385,332
Additions				93,490	338,644	95,261	350	527,745
Transfer				196,581	(196,581)
At 31 March		2021		561,925	2,004,031	189,650	157,471	2,913,077
Depreciation		and impairment
At 1 April 2020 Depreciation charged			in the year	176,936 3,906	1,443,779 45,735	92,802 5,080	107,885 4,038	1,821,402 58,759
Transfer				32,763	(32,763)
At 31 March		2021		213,605	1,456,751	97,882	111,923	1,880,161
Carrying amount At 31 March 2021				348,320	547,280	91,768	45,548	1,032,916
At 31 March		2020		94,918	418,189	1,587	49,236	563,930

Fixed asset investments
	Listed	Cash in	Total
	Investments	portfolio
	8
Cost orvaluation
At 1 April 2020 Additions	245,956 38,708	11,099	257,055 38,708
Valuation changes	37,220		37,220
Disposals	(138,854)	(5,721)	(144,575)
At 31 March 2021	183,030	5,378	188,408
Carrying amount At 31 March 2021	183,030	5,378	188,408
At 31 March 2020	245,956	11,099	257,055

14	Stocks
			2021	2020
			E	E
	Finished goods and goods for resale		3,065	4,478
15	Debtors
			2021	2020
	Amounts falling due within one year.		E	E
	Other debtors		2,883	5,364
	Prepayments	and accrued income	41,111	40,863
			43,994	46,227
16	Creditors: amounts falling due within one year
			2021	2020
			E	E
	Other taxation	and social security	4,796	5,014
	Trade creditors		13,679	6,216
	Other creditors		6,271	1,527
	Accruals and	deferred income	61,345	50,723
			86,091	63,480

								Movement	Movement	in funds			Movement	Movement	In funds
							Balance at	Incoming	Resources		Transfers	Balance at	incoming	Resources		Transfers	Balance at
							t April 2019	resources	expended			1 April 2020	resources	expended		31	March 2021
							E	E		E		E	E			E	E
Paul lies Learning Centre			Fund				185,268			(5,097)	(42,214)	137,957			(4,129)	(117,477)	16,351
HLF Woodland Scenery		Fund					36,256			(2,415)	125	33,966			(2,393)	(31,573)
HLF Learning	Centre and		Museum		Fund		157,806			(6,230)	(1,204)	150,372			(5,047)	(145,325)
The Liz and	Terry Bramall		Foundation			and
Sylvia Crathorne Memorial			Trust	Fund			59,915	50,000	(45,543)			64,372	50,000	(45,379)			68,993
Restoration	Fund						8,425	15,844		(9,269)		15,000	(403)		(6,434)		8,163
Arts Council	- Capacity	Building		Fund			14,063		(13,770)		(293)
Hamish Ogston Foundation			-Auditorium
Development	Project												375,000			(362,949)	12,051
Heating and	Ventilation	Project											79,750			(70,955)	8,795
							461,733	65,844	(82,324)		(43,586)	401,667	504,347	(63,382)		(728,279)	114,353

Analysts of	net assets	between funds
		Unrestricted	Restricted	Total	Unresbtcted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		6	f		F	6
Fund balances at 31
March 2021	are
represented	by:
Tangible assets		1,032,916		1,032,916	259,728	304,202	563,930
Investments		188,408		188,408	257,055		257,055
Current assets/
(liabilities)		22,539	114,353	136,892	(42,336)	97,465	55,129
		1,243,863	114,353	1,358,216	474,447	401,667	876,114

					2021	2020
					6	f
Within one year					8,101	12,351
Between two and five years					4,404	29,404
In over five years					3,251	72,415
					15,756	114,170
Related party transactions
Remuneration of key management		personnel
The remuneration ofkey management		personnel	is	as follows.
					2021f	2020 6
Aggregate compensation					45,379	45,543
There were no disclosable	related party transactions			during the year (2020 - none).

21	Cash generated from operations	Cash generated from operations			2021	2020f
	Surplus/(deficit) for the year				482,102	(50,991)
	Adjustments for.
	Investment income recognised	in statement	offinancial	activities	(3,695)	(6,738)
	Gain on disposal of investments				(11,419)	(1,647)
	Fair value gains snd losses on	investments			(37,220)	32,804
	Depreciation and impairment oftangible fixed assets				58,759	55,950
	Movements in working capital:
	Decrease in stocks				1,413	50
	Decrease/(increase) in debtors				2,233	(15,172)
	Increase/(decrease) in creditors				22,611	(8,556)
	Cash generated from operations				514,784	5,700
22	Analysis ofchanges in net funds
	The charity had no debt during	the year.