## 

## 

## 

## 



## 

||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<br>Tim Hoyle (Appointed 1st January2022)<br>lanBarrett|Chair<br>Treasurer<br>Secretary|
||Carol Rose (Appointed 6th December2O22)|Membership|
||JenniferKilcast(AppointedlstNovemberZ922Training & Development<br>TerencePrince(Appointed 1stJune2022)Production<br>lan Crawford(Appointed1stJune2O22)<br>Technical<br>Elena Markhan (Appointed1stJune2022)Training&Development<br>AngelaStone<br>Production<br>MaureenBukht<br>Front ofHouse||
||PhilipReardon<br>lanWilliams|WithoutPortfolio<br>House|





## 

## 

## 

## 







## 

## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 



18.04.2023 



||Notes|Unrest¡icted<br>Funds|Des¡gnated<br>Funds|Restricted<br>Funds|Total Funds<br>2022|Total Funds<br>2022|Unrestricted<br>Funds|Designated<br>Funds|Restr¡cted<br>Funds|TotalFunds<br>2021|
|---|---|---|---|---|---|---|---|---|---|---|
|||I||Ê||f|€||e|Ê|
|lncomeandendowments from:|||||||||||
|Donations and legacies<br>Charitable activities|2<br>4|19,222<br>157,528||||'19,222<br>157,528|42,489<br>56,253|||42,489<br>56,253|
|lnvestments|3|230||||230|'1,696|351||2,O47|
|Total||176,980||||176,980|100,438|351||100,789|
|Expend¡ture on:<br>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:<br>Tangible assets<br>lnvestments|II|856,458<br>480,721|887,287<br>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<br>Total net assets||-îõ-¡rs<br>@|120,111<br>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<br>000|
|StAlbans YouthMusicTheatre(SAYMT)||4,750|4<br>750|
|Tangible fixed assetreserye||855,1 14|887<br>287|
|Totalfunds||1,441,494|1,574,709|







## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

|Donations and|Legacies|||||||
|---|---|---|---|---|---|---|---|
||||2022|||2021||
||Unrestricted<br>Funds<br>€||Restricted<br>Funds<br>t|Total<br>Funds<br>â|Unrestricted<br>Funds<br>Êt|Restricted<br> <br>Funds|Total<br>Funds<br>f|
|Donations|4|944||14,944|12,445||12,445|
|Legacies||278||278|2,254||2,254|
|Covid-19grant|4|000||000|27 790||27 790|
|||||o||||



## 

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



|4|lncome from charitable activities|2022|2021|
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||Funds|Funds|
|||â|Â|
||Ticketand programme sales|90,928|35,752|
||lncomefromvisitingcompanies,hire ofpremisesandof<br>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<br>t||Funds<br>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<br>I||2021<br>â|
||Staffexpenses includes the following employeecosts:||||
||Wages andsalar¡es|28,941||28,310|
||Pension costs|871||846|
|||29,812|:|29,156|





|8|Tangiblefixedassets|Long<br>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||<br>68,781|___887287_|
||Net book value as at 31st August2022|793,784||<br>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<br>Ê|2021<br>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<br>€|2021<br>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<br>Unrestrictedfunds<br>Generalfund|Balanceat<br>01-Sep-21<br>â<br>60,000||MovementinResources<br>IncomeExpenditure<br>[â<br>176,980(191,432)||Transfers<br>â|Balanceat<br>31-Aug-22<br>€<br>45,548|
||Operating reserve||62,947||||62 947|
||||122,947|176,980|(191,432)||108,495|
||Designatedfunds<br>Development reserye||558,725|<br>(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<br>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<br>I|2022<br>t|2022<br>Ê|2022<br>I|2021<br>f|
|Tangible fixed assets<br>Fixedassetinvestments||2,836|472,135|856,458<br>5,750|856,458<br>480,721|887,287<br>567,311|
|Currentassets||135,857|||135,857|143,893|
|Creditorsduewithin one|year|(31,542)|||(31,5421|e3,7e2)|
|Total|_107l51|||||709|



## 

|he aggregate amountspayab|le under operating le|ases expiri|
|---|---|---|
||2022|2021|
||€t||
|Lessthan oneyear|155|155|
|Two to fiveyears|154|309|



##