|||Page| |---|---|---| |Reference and Administmtrve
Details||| |Report ofthe Trustees||2to 11| |Statement ofTrustees Responsibilities||12| |Report ofthe Independent
Auditors||13to 15| |Consolidated
Statement ofFinancial|Activities|16| |Charity Balance Sheet||17| |Consolidated
Balance Sheet||| |Consolidated
Statement ofCash Flows||19| |Notes to the Consolidated
Financial|Statements|20to 29| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |ni(ar|, , ey cvy, ea Responsibility
and Monitoring.
All are
ed
by the Board.| |---|---| |I.|Financia1 Sustainability| |2.|Deliver activity to get audiences back into theatre going as soon as possible.
Delivers
QAdapt change progmmme
that will sustain levels ofac(ivity within reduced overheads.
Transform
the Board, sub committees
and other governance
structures
so (ha( (hey can increasingly
engage and
be more effective in Rndmising.
Programme| ||Keep celebraling
gash working class stories through
Essex on Stage projects.
Develop QTH's role in touring, strategically
and commercially.
Take QTH's talent development
offer toa growing
network ofcreative practitioner's
further, priori(izing
support for diverse artists.| |3.|Build on QTH's digital innovation of2020.
Participation| |4.|Focus on reaohing and articulating
reach tounder represented
and under served people.
Sustain oreative digital participatory
activity, in response tonccd and removing
barriers ofdigital poverty.
Deliver activity that ensures older people retain access to theatre.
Audience Development| |5.|Increasingly
ensure work is seeu by new audionoes,
including
under mpresented
mid under served people,
harnessing
the 2019rapid growth iu new hookers.
Increase (I(e amoun( ofnational
and indusuy
media coverage for QTH's work.
Organisation| ||Focus recruitment
and progression
on diversifying
the workforce
and developing
a culture that retams new
recnuts.| |6.|Transform
the Board, sub committees
and other governance
a(rue(urea so that they are more diverse.
Develop the role ofyoung po(pie in enabling
change within QTH.
Develop the strategy and mnbition for the QNext capital prog(s(mmc.
Impaot and influence| ||Maximise the relationship
between Havering
Changing
and QTH's audience
development,
learning
snd
psrticipa(ion
and talent development
work.
Further explore and establish QTII's Outer East London and South Essex sub regional significance.
Respond to opportuni(ies
to but ld on recen( successful enablhtg
Farmers(slps
around Havering
cul(uml strategy
and Creative People and Places, to develop new partnership
delivery models| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Notes|Unrestricted|Designated|Restricted|31.3.21|31.3.20| |---|---|---|---|---|---|---| |||funds|Funds|funds|Total funds|Total funds| |INCOME FROM:|||g|||g| |Donations
Charitable
activities
Investment
income
Other mcome||59,146
952,746
2,263
434,636||854,212
37,417|59,146
1,806,958
2,263
472,053|142,291
4,303,124
3,296
148,490| |TOTAL||1,448,791||891,629|2,340,420|4,597,201| |EXPENDITURE ON:||||||| |Charitable
actrvities|7|1,333,976||460,622|1,794,598|4,049,824| |TOTAL||1,333,976||460,622|1,794,598|4,049,824| |NET INCOME/(EXPENDITURE)||114,815||431,007|545,822|547,377| |Transfers between
funds||(73,524)||73,524||| |NET MOVEMENT IN FUNDS||41,291||504,531|545,822|547,377| |Total funds brought
forward||200,227||804,253|1,004,480|457,103| |TOTAL FUNDS CARRIED FORWARD||241,518||1,308,784|1,550,302|1,004,480| ## |||||Charity Balance Sheet||||| |---|---|---|---|---|---|---|---|---| |||||At 31March 2021||||| |||||2021|||2020|| ||||Notes|||||| |FIXED|ASSETS|||||||| |Tangible|assets||11||1,117,049|||716,778| |Investment|||12||100|||100| ||||||1,117,149|||716,878| |CURRENT ASSETS||||||||| |Stock|||13|10,337|||13,867|| |Debtors|||14|91,921|||393,821|| |Cash at bank||||854,934|||650,273|| |||||957,192||I|057 961|| |CREDITORS||||||||| |Amounts|falling due within|one year|15|(524,039)||(770,359)||| |NET CURRENT ASSETS|||||433,153|||287,602| |NET ASSETS|||||1,550,302|||1,004,480| |FUNDS|||18|||||| |Unrestricted
funds
Resnicted
funds|||||241,518
1,308,784|||200,227
804,253| ||||||1,550,302|||1,004,480| ## ||The|Havering
Th|eatre Trust Limited||| |---|---|---|---|---|---| |||Consolidated|Balance Sheet||| |||At 31March 2021|||| ||||2021|2020|| ||Notes||||| |FIXEDASSETS|||||| |Tangible assets|||1,117,049||716,778| ||||1,117,049||716,778| |CURRENT ASSETS|||||| |Stocks|13||10,337|13,867|| |Debtors|14||91,921|393,821|| |Cash at bank||854,934||650,273|| |||957,192||1,057,961|| |CREDITORS|||||| |Amounts
falling due within one year|15|(523,939i||(770,259)|| |NET CURRENT ASSETS|||433,253||287,702| |NET ASSETS|||1,550,302||1,004,480| ||18||||| |Unrestricted
funds
Restricted funds|||241,518
1,308,784||200,227
804,253| ||||1,550,302||1,004,480| ## |||||2021|2020| |---|---|---|---|---|---| ||||Notes||| |Cash flows from operating|activities||||| |Cash generated
from operations||||753,948|699,774| |Net cash intlow from operating
activities||||753,948|699,774| |Investing activities|||||| |Purchasing oftangible fixed
Interest received|assets|||(551,550)
2,263|(660,967)
3,296| |Net cash used in investing|activities|||(549,287)|(657,671)| |Net increase in cash and cash equivalents||||204,661|42,103| |Cash sud cash equivalents
at beginning||ofyear||650,273|608,170| |Cash and cash equivalents|at end of|year||854,934|650,273| |||||2021|2020| |Net income for the year||||545,822|547,377| |Interest Received|||||| |Loss on fixed asset disposal
Depreciation oftangible fixed assets
Decrease in stock||||(2.263)
151,279|(3,296)
361
98,146| |Decrease in debtors||||3,530|4,035| |Decrease in creditors||||301,900|203,640| |||||(246,320)|(150,489)| |Cash inflow from operations||||753,948|699,774| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Total|| |---|---|---|---|---|---| |||Unrestricted|Restricted|2021|2020| |||0|||0| |Grants
Boxoffice
Bar sales
Cafe bar sales
Pmgramme
sales
Confectionery
sales
Foyer events
Theatre lettings
Outreach
Produotion
income
Public acts||819,720
36,890
2,806
5,918
353
4,617
7,907
30,465|854,212|1,673,932
36,890
2,806
5,918
353
4,617
7,907
30,465|1,238,796
1,746,880
180,885
164,640
8,589
61,924
45,127
112,449
70,910
239,000| |Commissioned
Salary recharge|services|15,450
28,620||15,450
28,620|405,304
28,620| |||952,746|854,212|1,806,958|4,303,124| ## ## |Grants received, included
in the above, are as follows:||| |---|---|---| ||2021|2020| |London Borough ofHavering|601,167|451,687| |Arts Council England|868,287|641,776| |C1othworkers
Award||75,000| |Clarion Futures
Tesco|8,333|5,333| |||4,000| |Equity Charitable
Trust
Veolia|50,000|5,000
50,000| |Fowler, Smrth 41Jones
Rotary Club ofBrentwood
City Bridge Trust|100,000|5,000
1,000| |London Commumty
Response Fund|15,145|| |Romford BID|11,000|| |Paul Hamlyn
Foundation|20,000|| ||1,673,932|1,238,796| ## ||||2021|2020| |---|---|---|---|---| |Deposit|account interest||2,263|3,296| |OTHER|INCOME|||| ||||2021|2020| |Furlough
grants
TTR claims|||407,377|| |Insurance
claim income
Other mrscellaneous
income|||21,142
37,417
6,117|112,010
36,480| ||||472,053|148,490| ## ## |||Direst|Support
costs|Total|Direct|Support
costs|Total| |---|---|---|---|---|---|---|---| |||costs|(see note 7)|2021|costs|(see note 7)|2020| |||||||8|| |Theaue operations||1,354,525|427,926|1,782,451|3,564,679|474,026|4,038,705| |Governance|costs||12,147|12,147||11,119|11,119| |||1,354,525|440,073|1,794,598|3,564,679|485,145|4,049,824| |UPPORT|COSTS||||||| |||||Total|||Total| ||||Other|2021|Finance|Other|2020| ||||||||0| |Theatre operations
Auditors
remuneration||5,319|422,607
12,147|427,926
12,147|14,398|459,628
11,119|474,026
11,119| |||5,319|434,754|440,073|14,398|470,747|485,145| ## ## ## ## |STAFF COSTS|||||| |---|---|---|---|---|---| |||||2021|2020| |Wages and salaries
Social security costs
Pension costs||||939,265
59,503|1,594,657
86,794| |||||15,579|30,751| |||||1,014,347|1,712,202| |he average monthly|number ofemployees|during|the year was as follows;||| |||||2021|2020| |||||50|79| ## ## |Group and charity|||||| |---|---|---|---|---|---| ||||Leasehold|Computer|| ||||improvements|equipment|Total| |COST
At I April 2020|||I
775,619|etc
0
78,298|853,917| |Addiuons|||551,550||551,550| |At 31March 2021|||1,311 l69|78,298|1,405,467| |DEPRECIATION|||||| |At I April 2020|||103,937|33,202|137,139| |Charge for the year|||138,667|12,612|151,279| |At 31March 2021|||242,604|45,814|288,418| |NKT BOOKVALUE|||||| |At 31March 2021|||1,084,565|32,484|1,117,049| |At 31March 2020|||671,682|45,096|716,778| |INVESTMENTS|||||| |Charity||||2021|2020| |||||I|| |Investment
in Homchurch|Producuons|Limited||100|100| |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||||I|| |Stocks|||||||| |||||||10,337|13,867| |EBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||| |||||Charity||Group|| |||||2021|2020|2021|2020| |Trade debtors
Amounts
due|&om Hornchurch|Productions|Lunited|I
5,844
23,399|0
60,683
182,416|5,844|0
60,683| |Prepayments
Other debtors|and accrued income|||62,400
278|146,899
3,823|62,400
23,677|146,899
186,239| |||||91,921|393,821|91,921|393,821| ## ## ## ## ||||Charity||Group|Group| |---|---|---|---|---|---|---| |||2021||2020|2021|2020| |Trade creditors||44,|184|144,714|44,184|144,714| |Accruals and deferred income
VAT control
Tax and social security
Other creditors||428,056
11,373
40,426||488,932
34,409
18,543
83,761|428,056
11,373
40,326|488,932
34,409
18,543
83,661| |||524,039||770,359|523,939|770,259| |FINANCIAL INSTRUMENTS||||||| |Group|||||2021|2020| |Carrying
amount|offinancial assets|||||| |Debt instruments|measured
at amortised cost||||31,774|64,506| |Carrying amount|offinancial liabilities|||||| |Measured
at amortised cost|||||248,215|422,933| |Charity|||||2021|2020| |Carrying
amount|offinancial assets|||||| |Debt instruments
measured
at amortised cost|||||55,173|246,922| |Carrying
amount|offinancial liabilities|||||| |Measured at amcrtised cost|||||248,315|423,033| |OPERATING LEASE COMMITMENTS||||||| |At tbe reporting end
csnostiable
operating|date the charity bad outstanding
leases, which fall due as follows|commitments|for future|minimum|lease agreements|under uon-| |Group and charity|||||2021|2020| |Due within
1year
Due between 2 and
Due in over 5 years|5 years||||35,393
117,540
116,667|28,060
103,825
141,667| ||||||269,600|273,552| ## ## ## ## ## |
2021|||||||| |---|---|---|---|---|---|---|---| ||||At 1.4.20|Income|Expenditure|Transfers|At31.3.21| ||||K||||| |Unrestricted
funds|||||||| |General fund|||200,227|1,448,791|(1,333,976)|(73,524)|241,518| |Total unrestricted||funds|200,227|1&448,791|(1,333,976)|(73,524)|241,518| |Restricted funds|||||||| |Maintenance
grant
Education grant
London Community
Response Fund
Conditions
Survey Work
Essex on stage
Havering
changing
Q New
Fixed Assets|||89,914
60,523
(6,846)
660,662|42,000
20,875
15,145
31,352
292,933
489,324|(42,000)
(20,875)
(15,145)
(31.352)
(36,245)
(180,535)
(4,452)
(130,018)|(478,026)
551,550|53,669
]72,921
1,082,194| |Total restricted
funds|||804453|S91,629|(460,622)|73+24|1408&784| |TOTAL FUNDS|||1,004,4S0|2,340,420|(1,794,598)||1,550,302| |2020|||||||| ||||At 1.4.19|Income|Expenditure|Transfers|At 31.3.20| ||||||8||| |Unrestricted
funds|||||||| |General fund|||277,570|3,753,191|(3,83 1,655)|1,121|200,227| |Designated
funds|||||||| |Q New
Q Transform|||10,000
25,000||(11,379)|(10,000)
(13,621)|| |Total unrestricted|funds||312,570|3,753,191|(3&843&034)|(22,500)|200,227| |Restricted funds|||||||| |Maintenance
grant
Edncanon
grant
Essex on stage
Havering
changing
Q New
Fixed Assets|||58,917
7,410
78,206|42,000
20,875
75,000
85,333
620,802|(42,000)
(20,875)
(44,003)
(24,810)
(235)
(74,867)|(634,823)
657,323|89,914
60,523
(6,846)
660,662| |Total restricted funds|||144,533|844,010|(206,790)|22,500|804,253| |TOTAL FUNDS|||457,103|4,597,201|(4,049,S24)||1,004,480| ## ## ## ## ## |Group||Restricted|Unrestricted|| |---|---|---|---|---| |||funds|funds|Total| |Fund balances at31March 2021are represented|by:|8|8|| |Tangible
fixed assets
Stock||1,082,194|34,855|1,117,049| |Debtors|||10,337|10,337| |Cash at bank
Creditors due m one year||226,590|91,921
628,344
(523,939)|91,921
854,934
(523,939)| |||1,308,784|241,518|1,550,302| |Charity||Restricted|Unrestricted|| |||funds|funds|Total| |Fund balances at 31March 2021are represented|by:|||| |Tangible
fixed assets
Investments||1,082,194|34,855|1,117,049| |Stock|||100|100| |Debtors|||10,337|10,337| |Cash at bank
Creditors
due in one year||226,590|91,921
628,344
(524,039)|91,921
854,934
(524,039)| |||1,308,784|241,518|1,550,302| ## ## ## ## ## ## ||Unrestricted|Designated|Restricted|31.3.20| |---|---|---|---|---| ||funds|Funds|funds|Total funds| |INCOME FROM:||||| |Donations
and legacies
Charitable
activities
Investment
mcome
Other income|79,175
3,522,230
3,296
148,490||63,116
780,894|142,291
4,303,124
3,296
148,490| |Total|3,753,191||844)010|4,597,201| |EXPENDITURE ON:||||| |Charitable
activities|3,831,655|11,379|206,790|4,049,824| |Total|3,831,655|11,379|206,790|4,049,824| |NET INCOME|(78,464)|(11,379)|637,220|547,377| |Transfers
between
funds|1,121|(23,621)|22,500|| |NET MOVEMENT IN FUNDS|(77,343)|(35,000)|659,720|547,377| |Total funds brought
forward|277,570|35,000|144,533|457,103| |TOTAL FUNDS CARRIED FORWARD|200,227||804,253|1,004,480|