2023-03-31-accounts

Reports
Referenceandadministrativeinformation	1
Trustees'report	2
StatementofTrusteesresponsibilities	19
Independentauditor'sreportonthe
financialstatements	20
Financialstatements
Statementoffinancialactivities
incorporatingincomeandexpenditure
account	25
Balancesheet	27
Statementofcashflows	28
Principalaccountingpolicies	29
Notestothefinancialstatements	33

Trustees	JulieParker
	SaraThompson
	TimothyWalford-Fitzgerald
	PaulMcGeary
	DavidShearing
	AmandaBarker(resigned19April2023)
	ChristineSmith(resigned9September2022)
	DominicHedges
	NehaIssar-Brown
	SonjaLahiff
	AndreaCunningham(resigned22January
	2023)
	MelvinWallace
Registeredaddress	QueensTheatre
	BilletLane
	Hornchurch
	Essex
	RM111QT
Companyregistrationnumber	00524845(EnglandandWales)
Charityregistrationnumber	248680
Auditor	BuzzacottLLP
	130WoodStreet
	London
	EC2V6DL
Bankers	NationalWestminsterBankplc
	SouthStreet
	Romford
	Essex
	RM11RD

Sara Thompson

19 June 2023

					2023	2022
		Unrestricted	Designated	Restricted	Total	Total
		funds	funds	funds	funds	funds
	Notes	£	£	£	£	£
Incomefrom:
Donations	1	37,486	-	-	37,486	78,559
Charitableactivities	2	3,059,595	53,427	472,011	3,584,033	3,082,624
Investmentincome	3	16,475	-	-	16,475	1,719
Otherincome	4	339,542		-	339,542	430,137
Total		3,453,098	53,427	472,011	3,977,536	3,593,039
Expenditureon:
Charitableactivities	5	3,432,359	60,822	672,758	4,165,939	3,213,751
Total		3,432,359	60,822	672,758	4,165,939	3,213,751
Netincome (expenditure)		20,739	(7,395)	(200,747)	(187,403)	379,288
Transfersbetweenfunds	20
Netmovementinfunds		20,739	(7,395)	(200,747)	(187,403)	379,288
Totalfundsbroughtforward		523,000	149,965	1,256,625	1,929,590	1,550,302
Totalfundscarriedforward		543,739	142,570	1,055,878	1,742,187	1,929,590

Sara Thompson

		2023	2023	2022	2022
	Notes	£	£	£	£
Fixedassets
Tangiblefixedassets	10		1,092,412		1,217,481
Investment	11		100		100
			1,092,512		1,217,581
Currentassets
Stock	12	14,345		13,393
Debtors	'13	533,779		306,025
Cashatbankandinhand		1,047,006		1,249,457
		1,595,130		1,568,875
Liabilities
Creditors:amountsfallingdue
withinoneyear	14	(945,455)		(856,866)
Netcurrentassets			649,675		712,009
Netassets			1,742,187		1,929,590
Funds	16
Unrestrictedfunds
♦ Generalfunds			543,739		523,000
♦ Designatedfunds			142,570		149,965
Restrictedfunds			1,055,878		1,256,625
Totalfunds			1,742,187		1,929,590

		2023	2022
	Note	£	£
Cashflowsfromoperatingactivities
Cash(usedin)/generatedfromoperations	A	(169,648)	664,968
Cashflowsfrominvestingactivities
Purchasingoftangiblefixedassets		(49,278)	(272,164)
Interestreceived		16,475	1,719
Netcashusedininvestingactivities		(32,803)	(270,445)
Net(decrease)/increaseincashandcashequivalents		(202,451)	394,523
Cashandcashequivalentsatbeginningofyear		1,249,457	854,934
Cashandcashequivalentsatendofyear		1,047,006	1,249,457

Netincomefortheyear
	2023	2022
	£	£
Net(expenditure)/incomefortheyear(asperthe
statementoffinancialactivities)	(187,403)	379,289
Adjustedfor:
Interestreceived	(16,475)	(1,719)
Depreciationontangiblefixedassets	174,347	171,732
(Increase)instock	(952)	(3,057)
(Increase)indebtors	(227,754)	(214,104)
Increaseincreditors	88,589	332,827
Cash(usedin)/generatedfromoperations	(169,648)	664,968

Donationsandlegacie	s
	Unrestricted	Restricted	2023	2022
	funds	funds	Total	Total
	£	£	£	£
Donations	37,486		37,486	78,559

Incomefromcharitableactiv	ities
	Unrestricted	Restricted	2023	2022
	funds	funds	Total	Total
	£	£	£	£
Grants	461,238	472,011	933,249	1,350,012
Boxoffice	1,820,262	-	1,820,262	1,299,992
Barsales	193,621		193,621	104,207
Cafébarsales	144,221	-	144,221	78,187
Confectionarysales	50,853	-	50,853	32,701
Theatrelettings	89,401	-	89,401	18,681
Outreach	106,115		106,115	51,991
Productionincome	152,265	-	152,265	82,100
Commissionedservices	13,000		13,000	18,200
Salaryrecharge	28,620	-	28,620	28,620
QNextincome	53,426	—	53,426	17,933
	3,113,022	472,011	3,585,033	3,082,624

Grantsreceived,includedintheabove,areasfo	llows:
	2023	2022
	£	£
LondonBoroughofHavering	293,482	452,550
GLA	-	10,000
ArtsCouncilEngland	512,129	819,129
ClarionFutures	5,333	5,333
TheLinburyTrust	30,000	—
GarfieldWeston	30,000	—
RomfordBID	18,500	11,000
PaulHamlynFoundation	—	20,000
TheMercuryMall		2,000
CircularEconomy	—	30,000
FoyleFoundation	20,000	—
NationalTheatreSpeakUp	23,805	-
	933,249	1,350,012

Investmentincome
	2023	2022
	£	£
Depositaccountinterest	16,475	1,719

Otherincome
	2023	2022
	£	£
Furloughgrants	-	82,096
TTRclaims	278,282	146,672
Insuranceclaimincome	-	117,587
Othermiscellaneousincome	61,260	34,008
VATrefund	-	49,774
	339,542	430,137

		Support			Support
	Direct	costs(see	2023	Direct	costs(see	2022
	costs	note6)	Total	costs	note7)	Total
	£	£	£	£	£	£
Theatreoperations	3,547,127	601,013	4,148,140	2,645,454	550,868	3,196,322
Governancecosts	-	17,799	17,799	-	17,429	17,429
	3,547,127	618,812	4,165,939	2,645,454	568,297	3,213,751

Supportcosts
	2023	2022
	£	£
Staffcosts	279,602	265,252
Officecosts	102,532	78,047
Trainingandrecruitment	15,173	10,463
Depreciation	170,382	172,048
Othercosts	33,324	25,058
Governancecosts	17,799	17,429
	618,812	568,297
Netincoming/outgoingresources
	2023	2022
	£	£
Thisisstatedaftercharging:
Depreciationofownedfixedassets	174,347	171,732
Auditors'remuneration—auditservices	12,894	12,599
Auditors'remuneration—nonauditservices	2,575	2,500
Auditors'remuneration—taxcomputations	2,330	2,330

Staffcosts
	2023	2022
	£	£
Wagesandsalaries	1,445,547	1,181,684
Socialsecuritycosts	26,169	23,759
Pensioncost	86,721	67,120
	1,558,437	1,272,563

	2023	2022
	£	£
Employees	73	65

angiblefixedassets
	Leasehold	Computer
	improvement	equipment	Total
GroupandCharity	£	£	£
Cost
At1April2022	1,581,384	95,932	1,677,316
Additions	-	49,278	49,278
Disposals	(927)	-	(927)
At31March2023	1,580,457	145,210	1,725,667
Depreciation
At1April2022	398,173	61,662	459,835
Chargefortheyear	155,844	18,503	174,347
Disposals	(927)	—	(927)
At31March2023	553,090	80,165	633,255
Netbookvalue
At31March2023	1,027,367	65,045	1,092,412
At31March2022	1,183,211	34,270	1,217,481

Investments
	2023	2022
Charity	£	£
InvestmentinHornchurchProductionsLimited	100	100

	Income	Expenditure	Netassets
	£	£	£
HornchurchProductionsLimited	751,536	751,536	100

Stocks
	2023	2022
GroupandCharity	£	£
Stocks	14,345	13,394

Debtors:amountsfallingduewithinon	eyear	eyear
	Charity			Group
	2023	2022	2023	2022
	£	£	£	£
Tradedebtors	52,351	11,875	52,351	11,875
AmountsduefromHornchurchProductions
Limited	271,009	146,672	—	—
Prepaymentsandaccruedincome	204,025	141,925	475,034	288,597
Otherdebtors	6,394	5,553	6,394	5,553
	533,779	306,025	533,779	306,025

Creditors:amountsfallingduew	ithinoneyear	ithinoneyear
	Charity			Group
	2023	2022	2023	2022
	£	£	£	£
Tradecreditors	154,955	264,193	154,955	264,193
Accrualsanddeferredincome	708,876	546,710	708,876	546,710
VATcontrol	15,850	4,907	15,850	4,907
Othercreditors	65,774	41,056	65,674	40,956
	945,455	856,866	945,355	856,766

	2023	2022
GroupandCharity	£	£
Duewithin1year	43,631	34,517
Duebetween2and5years	139,628	122,579
Dueinover5years	81,568	91,667
	264,827	248,763

Movementinfunds
					At31
	At1April				March
	2022	Income	Expenditure	Transfers	2023
	£	£	£	£	£
Unrestrictedfunds
Generalfund	523,000	3,454,699	(3,433,960)		543,739
Designatedfund—QTransform	82,253	-	(35,822)		46,431
Designatedfund—QNext	67,712	53,427	(25,000)		96,139
Totalunrestrictedfunds	672,965	3,508,126	(3,494,782)	-	686,309
Restrictedfunds
Maintenancegrant		42,000	(42,000)
Educationgrant	—	20,875	(20,875)		—
Essexonstage	53,669	—	(28,669)		25,000
Haveringchanging	250,784	335,331	(377,515)		208,600
TheLinburyTrust	—	30,000	(30,000)		—
NationalTheatreSpeakUp		23,805	(23,805)
TheFoyleFoundation	—	20,000	(20,000)		—
Fixedassets	952,172	-	(129,894)		822,278
Totalrestrictedfunds	1,256,625	472,011	(672,758)		1,055,878
Totalfunds	1,929,590	3,980,137	(4,167,540)		1,742,187
					At
	At1April				31March
	2021	Income	Expenditure	Transfers	2022
	£	£	£	£	£
Unrestrictedfunds
Generalfund	241,518	3,146,946	(2,715,499)	(149,965)	523,000
Designatedfund—QTransform			—	82,253	82,253
Designatedfund—QNext		—		67,712	67,712
Totalunrestrictedfunds	241,518	3,146,946	(2,715,499)	—	672,965
Restrictedfunds
Maintenancegrant		42,000	(42,000)
Educationgrant	—	20,875	(20,875)		—
Essexonstage	53,669	—	—		53,669
Haveringchanging	172,921	383,218	(305,355)		250,784
QNew	—		—		—
Fixedassets	1,082,194		(130,022)	-	952,172
Totalrestrictedfunds	1,308,784	446,093	(498,252)		1,256,625
Totalfunds	1,550,302	3,593,039	(3,213,751)		1,929,590

			Unrestricted
	Restricted	Designated	General
	funds	funds	funds	Total
Group	£	£	£	£
Fundbalancesat31March2023
arerepresentedby:
Tangiblefixedassets	822,278		270,134	1,092,412
Stock	—		14,345	14,345
Debtors	-	-	533,779	533,779
Cashatbank	233,600	142,570	670,836	1,047,006
Creditorsdueinoneyear	—	—	(945,355)	(945,355)
	1,055,878	142,570	543,739	1,742,187
			Unrestricted
	Restricted	Designated	General
	funds	funds	funds	Total
Charity	£	£	£	£
Fundbalancesat31March2023are
representedby:
Tangiblefixedassets	822,278		270,134	1,092,412
Investments	-		100	100
Stock	—		14,345	14,345
Debtors	—	—	533,779	533,779
Cashatbank	233,600	142,570	670,836	1,047,006
Creditorsdueinoneyear	—	—	(945,455)	(945,455)
	1,055,878	142,570	543,739	1,742,187

					2022
		Unrestricted	Designated	Restricted	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
Incomefrom:
Donations	1	78,559		-	78,559
Charitableactivities	2	2,636,531		446,093	3,082,624
Investmentincome	3	1,719	-	-	1,719
Otherincome	4	430,137	-	-	430,137
Total		3,146,946	-	446,093	3,593,039
Expenditureon:
Charitableactivities	5	2,715,499		498,252	3,213,751
Total		2,715,499		498,252	3,213,751
Netincome(expenditure)		431,447		(52,159)	379,288
Transfersbetweenfunds	16	(149,965)	149,965	—	—
Netmovementinfunds		281,482	149,965	(52,159)	379,288
Totalfundsbroughtforward		241,518		1,308,784	1,550,302
Totalfundscarriedforward		523,000	149,965	1,256,625	1,929,590