2021-08-31-accounts - The Abbey Theatre Trust (St Albans) Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Legal and	administrative	information
Chairman's	Report
Trustees'	Report
Statement	ofTrustees'	Responsrbilities
Auditor's Report
Statement	of Financial	Activities
Balance Sheet			13
Notes to the Financial Statements			14

Company	Number	00877400 (England and	00877400 (England and	00877400 (England and	Wales)	Wales)
Charity Number		247839
Principal	Address	Westminster Lodge
		Holywell Hill
		StAlbans
		Herffordshire
		AL1 2DL
Auditors		Moore Kingston		Smith LLP
		4 Victoria Square
		StAlbans
		Herffordshire
		AL1 3TF
Bankers		Barclays Bank	Pic
		16-18StPeters		Street
		StAlbans
		Herffordshire
		AL1 3NA
Company	Secretary	lan Barrett
Directors		Paul Davidson	(appointed			1stJune 2021)
		Peter Hale
		Martin Goodman		(retired	31stMay 2021)
Trustees		Martin Goodman		(retired	31stMay 2021)		Chair
		Paul Davidson	(appointed			1stJune 2021)	Chair
		Peter Hale					Treasurer
		lan Barrett					Secretary
		Mark Coltman					Marketing
		Katherine Barry		(retired 31stMay 2021)			Membership
		Liz Kennedy (appointed 1stJune 2021)					Membership
		Philip Reardon	(retired 31stMay 2021)				Production
		Karen Thomas					Production
		Angels Stone (appointed			3rd August 2021)		Production
		Paul Davidson	(retired 31stMay 2021)				Technical
		Clifford Strafford		(appointed		1stJune 2021)	Technical
		Sinead Donne					Training	& Development
		lan Williams					House
		Gill Strafford (retired 31st			May 2021)		Front of House
		Maureen Bukht		(appointed		1stJune 2021)	Front of House
		Apryl Kelly (retired 31 May				2021)	Without Porffolio
		Philip Reardon	(appointed			1stJune 2021)	Without Porffolio
		Liz Kennedy (retired 31 May 2021)					Without Porffolio

			Unrestricted	Designated	Designated	Restricted	Total Funds	Unrestricted	Resulcted	TotalFunds
		Nrdes	Funds	Funds		Funds	2021	Funds	Furrrln	2020
			5	E		8	5		8	5
Income snd endowments	from:
Donations and lsgaoes			42,469				42,489	39,632		39,632
Charitable activities			56,253				56,253	146,754		146,754
Investments			1,698		351		2,047	3,146		3,146
Total			100,438		351		100789	189,532		189,532
Expenditure on:
Charitable activities			111,415			25,479	136,894	181,826	25479	207,305
Raising funds			1,076				1,078	1,635		1,635
Total			112,491			25,479	137,970	183,461	25,479	208,940
Net gains((losses) cn invesimenls				95,691			95,691	(31,222)		(31,222)
Transfers between funds		14	(462,683)	462,683
Net rnovemsnt in funds			474 736	55II,725		25,47	58,510	25 151	25479	50630
Reconciliation offunds:
Total funds brought forward			597683			918516	I 516198	622 834	943995	1 566829
Total funds carried forward		14	122947	556	725	893,037	1,574,709	597,883	918,516	1,516,199

			Note	2021	2020
				6
Fixed assets:
Tangible assets				887,287	912,766
Investments					471,620
				1,454,598	1,384,386
Current assets:
Stocks			10	2,017	2,204
Debtors			11	18,354	9,858
Cash at bank and in hand				123,522	149,742
				143,893	161,804
Liabilities:
Creditors: Amounts	falling	due within one year	12	23,782	29,991
Net current assets				120,111	131,813
Total net assets				1,574,709	1 516199
The funds ofthe charity:
Unrestricted funds			14	122,947	597,683
Designated funds			14	558,725
Restricted funds			14
Building development		reserve		1,000	1,000
StAlbans Youth	Music	Theatre (SAYMT)		4,750	4,750
Tangible fixed asset reserve				887,287	912,766
Total funds				1,574,709	1,516,199


Income from charitable activit	ies		2021	2020
			Unrestricted	Unrestricted
			Funds	Funds
			6	6
Ticket and programme sales			35,752	84,439
Income from visiting companies, stage properties and wardrobe	hire ofpremises items	and of	4,943	20,775
Members' subscriptions			9,786	10,326
Bar and refreshment sales			5,772	28,314
Programme advertising and sponsorship				295
			56,253	146,754

6	Expenditure on Charitable	Expenditure on Charitable	Expenditure on Charitable	Activities	Activities		2021	2020
							Unrestricted	Unrestricted
							Fundsf	Funds E
	Coals directly siiributsbie		to charitable		activities
	Productions						7,131	8,622
	Other production costs
	Marketing and programmes						4,536	12,912
	Bar and refreshments						4,104	13,539
	Support and governance		costs
	Theatre buildings maintenance						9,393	12,264
	Theatre services and		utilities				20,461	27,769
	Stage, sound and lighting equipment						1,564	2,271
	Insurance						10,176	10,725
	Boxoffice, internet sales and			computers			15,536	16,565
	Salary and national	insurance					29,156	28,791
	Other running costs	and administrative				expenses	4,753	9,233
	Theatre development		costs					34,418
	Auditors fees						4,605	4,717
							111.415	181,826
							Restricted	Restricted
							Fundsf	Fundsf
	Support and governance		costs
	Depreciation						25,479	25,479
							25,479	25,479
7	Staff costs						2021f	2020f
	Staff expenses includes the following employee costs:
	Wages and salaries						28,310	27,949
	Pension costs						846	842
							29,156	28 791

Tangiblefixedassets
			Long Leasehold	Equipment	Total
				6
Cost as at 1stSeptember	2020		1,212,053	251,739	1,463,792
Additions
Cost as at31stAugust 2021			1,212,053	51,	3,
Accumulated depreciation Charge for the year	brought kb	forward 374,945 0»		176,081 551,026 8»5, 56,505
	5080	00	83.1		5, 66
Net book value as at 31stAugust 2021			818,508	68,781	887 287

	The followmg fixed	asset investments	asset investments
				2021	2020
	Blackrock Throgmorton Trust PLC			5%
	Findlay Park Funds	PLC		5%
	Morgan Stanley inv	Management		50/0
	Blackrock Fund Managers Ltd			5%
	Blackrock Asset Management		UK Ltd	5%
	Fundsmith LLP			7%
	Morgan Stanley Invnt Mngt (ACD) Ltd			5%
	T Rows Price (Lux)	Mgt SARL		5%
	Link Fund Solutions	Ltd		6%
	Blackrock Charities	UK Equity	Fund		48%
	M&G Equities Investment Fund for Chariites				10%
	M&G Episode Income Fund				24%
	Cash from investments sold, on deposit				18%
10	Stocks			2021	2029
					8
	Refreshments and	bar stock			2,204
11	Debtors			2021	2026
				6	2
	Trade debtors			573	152
	Prepayments snd accrued income			13,211	7,617
	VAT debtor			4,570	2,089
				18,354	9,858

12	Creditors					2021f	2020f
	Accruals					6,558	5,784
	Deferred income from advance		ticket sales			2,559	1,037
	Deferred income from advance		membership		subscriptions	2,375	2,320
	Ticket sales for third parties'	shows				1,628	10,368
	Social security and other taxes					1,083	1,055
	Other creditors					9,579 ~23782	9,427 29,991
13	Deferred income					2021	2020
	Deferred Income at 1stSeptember			2020		3,357	7,555
	Resources deferred in the year					4,943	3,357
	Amounts released from previous		years
	Deferred Income at 31stAugust		2021			4,943	3,357
	Deferred income comprises	the	following:
	Advance ticket sales					2,559	1,037
	Advance membership subscriptions					2,375	2,320
	Advance hires
						4,934	3,357
14	Statement offunds		Balance at		Movement	in Resources	Transfers	Balance at
	Unrestricted funds		01-Sep-20 f		Income f	Expenditure f	f	31-Aug-21 f
	General fund Operating reserve Development reserve			60,000 75,000 462,683	100,438	(112,491)	12,053 (12,053) ~99	60,000 62,947
				597,683	100,438	(112,491)	(462,683)	122,947
	Designated funds
	Development reserve				96,042		462,683	558,725
	Restricted funds
	Building development fund			1,000				1,000
	Tangible fixed asset reserve			912,766		(25,479)		887,287
	StAlbans Youth Music Theatre (SAYMT)			4,750				4,750
	Total funds		918,516 ,9 9,199		1, 99	(25,479) ~99 9		893,037 1,574,709