2022-08-31-accounts - The Abbey Theatre Trust (St Albans) Limited

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	Page
Legaland administrativeinformation	1
Chairman's Report	2
Trustees'Report	4
StatementofTrustees' Responsibilities	8
Auditor's Report	I
Statement of Financial Activities	12
Balance Sheet	l3
Notesto the FinancialStatements	14

Gompany Number	00877400 (EnglandandWales)
Charity Number	247839
Principal Address	WestminsterLodge
	HolywellHill
	StAlbans
	Hertfordshire
	AL1 2DL
Auditors	Moore Kingston SmithLLP
	4VictoriaSquare
	StAlbans
	Hertfordshire
	AL13TF
Bankers	Barclays BankPlc
	l6-18St PetersStreet
	StAlbans
	Hertfordshire
	AL1 3NA
Company Secretary	lan Barrett
Directors	PaulDavidson
	TimHoyle(Appointed1stJanuary 2022)
Trustees	PaulDavidson Tim Hoyle (Appointed 1st January2022) lanBarrett	Chair Treasurer Secretary
	Carol Rose (Appointed 6th December2O22)	Membership
	JenniferKilcast(AppointedlstNovemberZ922Training & Development TerencePrince(Appointed 1stJune2022)Production lan Crawford(Appointed1stJune2O22) Technical Elena Markhan (Appointed1stJune2022)Training&Development AngelaStone Production MaureenBukht Front ofHouse
	PhilipReardon lanWilliams	WithoutPortfolio House

18.04.2023

	Notes	Unrest¡icted Funds	Des¡gnated Funds	Restricted Funds	Total Funds 2022	Unrestricted Funds	Designated Funds	Restr¡cted Funds	TotalFunds 2021
		I		Ê	f	€		e	Ê
lncomeandendowments from:
Donations and legacies Charitable activities	2 4	19,222 157,528			'19,222 157,528	42,489 56,253			42,489 56,253
lnvestments	3	230			230	'1,696	351		2,O47
Total		176,980			176,980	100,438	351		100,789
Expend¡ture on: Châritable activities	6	190,512		32,173	222,685	111,415		25,479	136,894
Raising funds	5	920			920	1,076			1,076
Total		191,432		32,173	223,605	1'12,491		25,479	137.970
Netgains/(losses)on¡nvestments9			(86,590)		(86,5e0)		95,691		95,591
Transfers between funds	14					(462,683)	462,683
Netmovementinfunds
Reconc¡l¡ation of funds:
Total funds brought forward		122947	558.725	ac3 037	1 574709	597.683		918516	'1.516.t99
Total funds carriedfoilrard	14	108.495	472.135	a60ß64	1441 494	'122.947	558.725	893037	1.574.709

	Note	2022	2021
		Ê	€
Fixed assets: Tangible assets lnvestments	II	856,458 480,721	887,287 567,31'l
		1,337,179	1,454,598
Current assets:
Stocks	10	2,018	2,017
Debtors	11	13,293	18,354
Cash at bank andin hand		120,546	123,522
		135,857	143,893
Liabilities:
Creditors: Amounts fallingduewithin oneyear	12	31,542	23,782
Netcurrentassets Total net assets		-îõ-¡rs @	120,111 1,574,709
Thefundsof the charity:
Unrestricted funds	14	108,495	122,947
Designated funds	14	472,135	558,725
Restricted funds	14
Building development reserve		1,000	1 000
StAlbans YouthMusicTheatre(SAYMT)		4,750	4 750
Tangible fixed assetreserye		855,1 14	887 287
Totalfunds		1,441,494	1,574,709

		2022			2021
	Unrestricted Funds e	Designated Funds €	Total Funds Ê	UnrestrictedDesignated Funds Funds âÊ		Total Funds €
Deposit interest	230		230	1,696	351	2W

lncome from charitable activities	2022	2021
	Unrestricted	Unrestricted
	Funds	Funds
	â	Â
Ticketand programme sales	90,928	35,752
lncomefromvisitingcompanies,hire ofpremisesandof stagepropertiesandwardrobeitems	22,083	4,943
Members'subscriptions	10,460	9,786
Bar and refreshment sales	34,057	5,772
Programme advertising and sponsorship
	157,528	56,253

Expenditure on RaisingFunds	2022	2021
	Unrestricted	Unrestricted
	Funds	Funds
	€	Ê
Newsletter/Prompt Corner	660	899
Clubactivities	260	177
	920	1,076

6	Expenditure on GharitableActivities	2022		2021
		Unrestricted	Unrestricted
		Funds t		Funds g
	Costs dÍrectly attributabletocharitableactivities
	Productions	20,117		7,131
	Otherproductioncosts
	Marketing andprogrammes	10,431		4,536
	Barand refreshments	14,099		4,104
	Support andgovernancecosts
	Theatre buildings maintenance	39,805		9,393
	Theatre services and utilities	30,514		20,461
	Stage,sound and lighting equipment	942		1,564
	lnsurance	12,873		10,176
	Boxoffice, internet sales and computers	16,733		'15,536
	Salaryand national insurance	29,812		29,156
	Other running costs and administrative expenses	10,337		4,753
	Auditors fees	4,849		4,605
		190,512	__111A19_
		Restricted		Restricted
		Funds		Funds
		Ê		Ê
	Support andgovernancecosts
	Depreciation	32,173		25 479
		32,173		25,479
7	Staff costs	2022 I		2021 â
	Staffexpenses includes the following employeecosts:
	Wages andsalar¡es	28,941		28,310
	Pension costs	871		846
		29,812	:	29,156

Tangiblefixedassets	Long Leasehold		EquipmentTotal	EquipmentTotal
	€		€	€
Cost asatlstSeptembe¡ 2021	1,212,053		251,739	1,463,792
Additions			1,344	1,344
Cost as at 31st August 2022	1212,053	25X999		l,465,199
Accumulated depreciationbroughtfonivard	393,547		182,958	576,505
Charge for theyear	24,722		7,451	32,173
Accumulated depreciationcarried forward	418,269		190,409	608,679
Net bookvalueasatlstSeptember2A21	818,506		68,781	___887287_
Net book value as at 31st August2022	793,784		62,674-	s56Æd-

Fixedasset investments
	I
MarketandNet bookvalueasat'lstSeptember2021	567,311
Additions	37,429
Disposals	(74,288)
Revaluation	(4e,731)
MarketandNet bookvalueas at 31stAugust2022	480,721

Thefollowingfixed assetinvestments exceeded 5%ofthe	totalportfolio:
	2022	2021
Morgan StanleylnvntMngt(ACD)Ltd	6%	5o/o
TRowe Price (Lux) Mgt SARL	6%	5o/o
LinkFundSolutionsLtd	7o/o	60/o
Muzinich & ColrelandLimited	5o/o
Egreton Capital Equity Fund	5o/o
Blackrock GBL	5o/o
BH MacroLtd	5o/o
Blackrock ThrogmortonTrustPLC		5o/o
Findlay ParkFundsPLC		5o/o
Morgan StanleylnvManagement		5%
BlackrockFund ManagersLtd		5%
BlackrockAsset ManagementUKLtd		5%
FundsmithLLP		7o/o
l0Stocks	2022	202',1
	€	€
Refreshments and bar stock	2,0ß	_2,01?
IIDebtors	2022	2021
	€	€
Tradedebtors	115	573
Prepayments andaccruedincome	8,390	13,211
VAT debtor	4,788	4,570
	13,293	18,354

12	Creditors				2022 Ê	2021 I
	Accruals				5,414	6,558
	Deferred income from advance	ticket sales			1,643	2,559
	Deferred income from advance	membership subscriptions			1,908	2,375
	Ticket salesforthirdparties'shows				435	1,628
	Socialsecurity and other taxes				1,174	'1,083
	Other creditors				20,968	9,579
					31,542	23,782
l3	Deferred income				2022 €	2021 I
	Deferred lncome at1stSeptember		2021		4,943	3,357
	Resources deferredintheyear				3,551	4,943
	Amounts released frompreviousyears				(4,e43)	(3,357)
	Deferred lncomeat31st August2022				3,55't	4,943
	Deferred income comprises the	following:
	Advance ticket sales				1,643	2,559
	Advance membership subscriptions				1,908	2,375
	Advancehires
					3,551	4,934
14	Statement offunds Unrestrictedfunds Generalfund	Balanceat 01-Sep-21 â 60,000		MovementinResources IncomeExpenditure [â 176,980(191,432)		Transfers â	Balanceat 31-Aug-22 € 45,548
	Operating reserve		62,947				62 947
			122,947	176,980	(191,432)		108,495
	Designatedfunds Development reserye		558,725	(86,590)			472,135
	Restrictedfunds
	Building development fund		1,000				1,000
	Tangible fixed asset reserve		887,287		(32,173)		855,114
	StAlbans Youth Music Theatre(SAYMT)		4,750				4,750
			893,037		(32,173)		860,864
	Totalfunds	1,574,709		90,390	]??9,6qÐ		1,441,494

Analysis of net assets	betweenfunds	betweenfunds
	Unrestricted		Designated	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2022 I	2022 t	2022 Ê	2022 I	2021 f
Tangible fixed assets Fixedassetinvestments		2,836	472,135	856,458 5,750	856,458 480,721	887,287 567,311
Currentassets		135,857			135,857	143,893
Creditorsduewithin one	year	(31,542)			(31,5421	e3,7e2)
Total	_107l51					709