2021-03-31-accounts - Wiltshire Creative

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CONTENTS						Page
Statement ofamended	accounts
Report ofthe Trustees						2 —23
Auditor's report						24 - 26
Consolidated statement	of financial	activities	Bncluding	income and expenditure	account)	27
Balance sheets						28
Consolidated cash flow	statement					29
Notes to the financial statements						30- 49

REFERENCE	REFERENCE	REFERENCE	AND ADMINISTRATIVE DETAILS	AND ADMINISTRATIVE DETAILS	AND ADMINISTRATIVE DETAILS	AND ADMINISTRATIVE DETAILS	AND ADMINISTRATIVE DETAILS
Charity Number:						249169
Company	Number:					00499076
Principal/Registered				Office		Salisbury Playhouse,		Malthouse	Lane, Salisbury,		Wiltshire, SP2 7RA
Auditor:						Azets	Audit Services,	Statutory	Auditor, Secure		House,	Lulworth
						Close,	Chandlers Ford, SO53 3TL
Bankers:						National Westminster		Bank pic,	48	Blue Boar Row, Salisbury,
						Wiltshire, SP1 1BG
Directors and			Trustees
The directors		ofthe charitable				company (the charity) are its trustees				for the purpose of		charity	law and
this report	are		collectively		referred to as the trustees.
The trustees			serving were as			follows:
Directors:							Mr TCrarer (Chair)
							Ms K Barker (Resigned 3		February 2021)
							Mrs H Birchenough
							Mr D Bossom
							Mr T Clay
							Ms K Dalton
							Mr N Frankfort
							Mr R G Harvey
							Mr D J Neale
							Mr J Perry
							Ms P Scott-Garrett
Wiltshire	Council Observer:						Cllr R Clewer
Salisbury		City Council			Observer:		Vacant
Arts Council			England		Observer:		Mr T Newman
Secretary:							Mr RSWarrack
Joint Chief			Executives:				Mr G Machin
							Mr RSWarrack

						As
						adjusted
		Unrestricted	Designated	Restricted	Total	Total
	Note	Funds	Funds	Funds	2021	2020
					f	f
INCOMING RESOURCES
Donations and Legacies
Grant Income		2,577,981		50,000	2,627,981	1,476,999
Donations and GiRs		106050	1 133		107183	160133
		2,684,031	1,133	50,000	2,735,164	1,637,132
Income from Charitable Activities
Operation ofTheatre, Arts Centre and Festival	6	131,715			131,715	2,677,146
Income from Other Trading Activities
Commercial Trading Operations		24,366			24,366	364,256
Busmess Sponsorship
Investmerit Income
Total Incoming Resources		2 840 112	1 133	50000	2891 245	4678 534
RESOURCES EXPENDED
Expenditure on Raising Funds
Fundraising Costs of Grants and Donations	9	12,378			12,378	12,336
Commercial Trading Operations		101,941			101,941	246,858
		114,319			114,319	259,194
Expenditure on Charitable Activities
Operation ofTheatre, Arts Centre and Festival		2,255,294	3618	261 116	2 520 028	5 042 043
Total Resources Expended		2,369,613	3,618	261 116	2,634,347	5 301237
Net Incoming / (Outgoing) Resources		470,499	(2,485)	(211,116)	256,898	(622,703)
Transfers between funds		(31,000)	31,000
NET MOVEMENT OF FUNDS IN YEAR		439,499	28,515	(211,116)	256,898	(622,703)
Reconciliation ofFunds
Total Funds Brought Forward	34	(141,367	764 255	4200 907	4 823,798	5446 501
Total Funds Carried Forward		298,132	792 770	3989791	5,080696	4 823798

					As adjusted		As adjusted
				Group	Group	Charity	Charity
			Notes	2021	2020	2021	2020
					8	8	8
FIXEDASSETS
Tangible assets			18	4,952,870	5,211,637	4,946,232	5,201,348
Investments						101	101
				4,952,870	5,211,637	4,946,333	5,201,449
CURRENT ASSETS
Stock			20	17,343	29,194	13,382	15,540
Debtors			21	225,110	344,855	387,806	264,312
Cash at bank and	in hand			537,539	44,607	374,677	17,601
				779,992	418,656	775,865	297,453
LIABILITIES
Creditors falling due within		one year	22	(488,833)	(806,498)	(478,107)	(793,237)
NET CURRENT ASSETS/(LIABILITIES)				291,159	(387,842)	297,758	(495,784)
TOTAL ASSETS	LESSCURRENT LIABILITIES			5,244,029	4,823,795	5,244,091	4,705,665
LIABILITIES
Creditors falling due after more than one year			23	(163,333)		(163,333)
NET ASSETS				5,080,696	4,823,795	5,080,758	4,705,665
THE FUNDS OF	THE CHARITY
Restricted income	funds		25	3,989,792	4,200,908	3,989,792	4,200,908
Unrestricted income funds:
General			25	298,134	(141,368)	298,196	(259,498)
Designated			25	792,770	764,255	792,770	764,225
Total unrestricted	funds			1,090,904	622,887	1,090,966	504,757
TOTAL CHARITY	FUNDS			5,080,696	4,823,795	5,080,758	4,705,665
The notes on pages 30 - 49 form part ofthese			accounts.
Approved by tne	board on	Z8 yJnK

															As adjusted
										Notes	2021				2020
											6
N t hP )4	447)			4) )	p	4'	2	t)	ttt	7)	272244				125,825
Cashflowe from investing				activities
Purchase ofTangible		Fixed		Assets							(79,112)				(248,033)
Interest received
											(79,112)				(248,033)
Financing
Interest paid
Net cash provided	by (used) in the year									(b)	492,932			~122,208
Cash at beginning	of	period									44,607				166,815
Cash at bank at end		of	year								537,539				44 447
a) Reconciliation	of	Net incoming/(outgoing)						resources		to net cash inflow from operating			activities
															As adjusted
											2021				2020
Net income / (expenditure)				for reporting			period;
Unrestricted funds											439,499				(371,563)
Restricted funds											(211,116)				(262,787)
Designated funds											28,515				11,644
Net Incoming Resources											256,898				(622,706)
Adjustments for:
Depreciation charges											337,879				334,367
Finance income
Finance costs
Decrease / (Increase)		in	stock								11,851				(4,514)
Decrease / (Increase)		in	debtors								119,745				524,149
(Decrease) / Increase		in	creditors								(154,329)				(105,471)
Loss on disposal offixed			assets
Net cash provided	by	(used		in) operating		activities					572,044				125,825
b) Analysis ofincrease			in	net funds
											01 April 2020		Cash	31	March 2021
												Flows
Cash at Bank and	in Hand										44,607	492,932			537,539
Net Funds											44 607	492 932			537539

		As adjusted
	2021	2020
	E	F
Incoming Resources from:
Grants, Donations and legacies	2,680,693	1,637,132
Charitable activities	131,715	2,677,146
Donation from subsidiary	95,088	93,700
Investment gain
Gross incoming resources	2,907,496	4,407,978
Resources expended on:
Raising funds	(12,378)	(12,336)
Charitable activities	(2,520,028)	(5,042,042)
Total Resources expended	(2,532,406)	(5,054,378)
Net Income i (Expenditure)	375,090	(646,400)
Total funds brought forward	4,705,668	5,352,068
Total funds carried forward	5,080,758	4,705,668
Represented by:
Restricted income funds	3,989,792	4,200,908
Unrestncted income funds	298,196	(259,495)
Designated income funds	792,770	764,225
	5,080,758	4,705,668

DONATIONS AND LEG	ACIES
			2021	2020
			6	E
GRANT INCOME
Unrestricted Funds
Arts Council England —South West			1,332,597	1,246,809
Wiltshire Council			189,389	189,390
HMRC JRS Grant			542,427
ACE- Cultural Recovery	Fund		446,968
Wiltshire Council —Covid-19			25,000
Salisbury City Council			41,600	40,800
			2,577,981	1,476,999
Restricted Funds
SAC Remedial Works			50,000
DONATIONS AND GIFTS
Unrestricted Funds
Donations, business partners, members			106,050	148,489
Designated Funds:
Development —Special Projects			1,133	11,644
			2,735,164	1,637,132
INCONIE FROM CHARITABLE ACTIVITIES
The income was primarily	from the operation	ofthe theatre.
			Unrestricted	Unrestricted
			funds	funds
			2021	2020
Income from Theatre, Arts Centre and Festival
In House/Co-productions	- Ticket Income and	programmes	56,510	1,500,348
Visiting Companies —Ticket income			20,101	911,951
Education and Outreach	work		45,294	154,725
Events & Hiring			(1,147)	66,786
Miscellaneous Income			10.957	43.336
Access Project
Total			131,715	2,677,146

The wholly owned	trading	subsidiary	subsidiary	Playhouse	Playhouse	Playhouse	Services	Limited,	(company	(company	number 02694718)which is	number 02694718)which is	number 02694718)which is
incorporated in the	United	Kingdom,			pays its	profits to the		charity	by gift aid.		Playhouse	Services Limited
operates the bars,	restaurant,		and	all commercial			trading	operations		carried	on at the Wiltshire		Creative
premises. The charity owns the entire trading results is shown below,					share	capital	of 100 ordinary			shares of	51 each. A	summary of the
											2021		2020
											5		6
Turnover											78,837		364,256
Cost ofsales and administration			costs								(101,941)		(246,858)
Corporation Tax
Net profit /(loss)											(23,104)		117,398
Amount gift aided to the charity			as a	distribution							(95,088)		(93,700)
The assets and liabilities		ofthe eubsidiary				were:
Fixed Assets											6,638		10,289
Current assets											9,488		121,264
Current liabilities											(16,026)		(13,261)
Total net assets											100		118,292
Aggregate share capital and reserves											100		118,292

The wholly owned trading	subsidiary	subsidiary	Salisbury	Salisbury	Playhouse	Productions	Productions	Productions	Limited, (company	Limited, (company	number
09217165)which is incorporated		in the	United	Kingdom,	operates		the in	house	productions	at the	Wiltshire
Creative premises. The charity		owns the entire share capital of				1	ordinary	share of51 each.		A summary of
the trading results is shown	below.
									2021		2020f
Turnover									157,537	1,219,808
Cost ofsales and administration		costs							(176,779)	(1,373,007)
Theatre Tax Credit due									19,242		153,199
Net profit I(loss)
The assets and liabilities ofthe subsidiary				were:
Current assets									177,950		173,319
Current liabilities									(178,0110	(173,380)
Total net assets / (liabilities)									(61)		(61)
Aggregate share capital and reserves									(61)		(61)

consistent	with the use o	fresources.
				Allocated to
				costs
		Wiltshire		ofgenerating		As adjusted
		Creative		voluntary	Total	Total
		operation	Governance	income	2021	2020
		8	F			F
SUPPORT	COSTS:
General office		665,858	6,046	12,091	683,994	868,275
Finance		16,755	21,234		37,989	63,870
Professional	fees	13,366			13,366	13,069
Fundraising	costs			287	287	310
		695,979	27,280	12,378	735,636	945,524

The charity		undertakes d	irect charitable ac	tivities only and d	oes not make gr	ant payments.
							As
			In-House/	Visiting	Education		adjusted
			Co-Production	Company	and	Total	Total
			performances	performances	Outreach	2021	2020
			E	E	E	E	8
Backstage	&other
production	costs		706,996	33,128	24,286	764,410	2,763,552
Production/activity
advertising	&marketing		149,983		7,894	157,877	327,855
Ticket Sales		& front of
house			219,790		11,568	231,358	.365,079
Education	&
outreach					147,553	147,553	31,884
Depreciation			297,913	16,551	16,551	331,014	332,041
Central premises costs			148,102	8,228	8,228	164,557	288,447
Support costs			626,381	34,799	34,799	695,979	910,501
Governance		costs	27,280			27,280	22,688
Total			2,176,444	92,706	250,878	2,520,027	5,042,046

		In House/	Visiting	Education
		Co-Production	Company	and
		performances	performances	Outreach	Total
		F	8		E
Costs		2,176,444	92,706	250,878	2,520,027
Income		(66,320)	(20,101)	(45,294)	(131,715)
Net cost funded	from other income	2,110,124	72,605	205,584	2,388,312

												Total	Total
												2021	2020
												5	5
Salaries	and	wages										1,540,725	2,040,578
National	insurance											118,630	149,954
Pension	costs											35,146	41,353
												1,694,501	2,231,885
Of this the key management					personnel			costs were as follows:
Salaries												383,450	405,795
National	Insurance											42,237	46,481
Pension	Costs											11,092	6,087
												436,779	458,362
Two employees			had	emoluments		in	excess		ofF60,000 (2020:2).
The average		number		of full-time		equivalent			employees	(including	casual and part-time staff)		during the yea
was as	follows:
									2021			2020
					Full-time			Part-time		FTE	Full-time	Part-time	FTE
Theatre						46			23	55	51	86	71
Cafe, bar 8		shop					1		12	5	4	32	15
						47			35	60	55	118	86

	Freehold	Leasehold	Plant,	Total
	property and	property and	equipment
	improvements F	improvements 6	and motor vehicles
Cost
As at 1 April 2020	4,101,419	4,064,683	2,213,590	10,379,692
Additions			79,112	79,112
Disposals
As at 31 March 2021	4,101,419	4 064 683	2 262 702	10458804
Depreciation:
As at 1 April 2020	2,565,002	1,302,209	1,300,844	5,168,055
Charge for the year	109,545	107,226	121,108	337,879
Disposals
As at 31 March 2021	2,674,547	1,4II9,435	I 421 952	5 505,934
Net book value:
As at 31 March 2021	1,426,872	2,655,248	870,750	4,952,870
As at 1 April 2020	1,536,417	2,762,474	912,746	5,211,637

	Freehold	Leasehold	Plant,	Total
	property and	property and	equipment
	improvements	improvements	and motor
		6	vehicles
			E
Cost:
As at 1 April 2020	4,101,419	4,064,683	2,185,044	10,351,146
Additions			79,112	79,112
Disposals .
As at 31 March 2021	4,101,419	4,064,683	2,264,156	10,430,258
Depreciation:
As at 1 April 2020	2,565,002	1,302,209	1,282,587	5,149,798
Charge for the year	109,545	107,226	117,457	334,228
Disposals
As at 31 March 2021	2,674,547	1,409,435	1,400,044	5,484,026
Net book value:
As at 31 March 2021	1,426,872	2,655,248	864,112	4,946,232
As at 1 April 2020	1,536,417	2,762,474	902,457	5,201,348


STOCK				Group		Charity
			2021	2020	2021	2020
			5
Raw materials			13,382	15,540	13,382	15,540
Goods for resale			3,961	13,654
			17,343	29,194	13,382	15,540
DEBTORS				Group		Charity
				As		As
				adjusted		adjusted
			2021	2020	2021	2020
			6	F
Trade debtors			21,963	49,274	21,692	48,466
Owed by group undertakings					183,311	79,561
Other debtors			51,133	179,752	31,133	20,800
VAT
Corporation	tax		344	344
Production	expenditure	in advance	62,291	37,407	62,291	37,407
Prepayments	and accrued income		89,379	78,079	89,379	78,079
			225,110	344,856	387,806	264,312

		Group		Charity
		As		As
		adjusted		adjusted
	2021	2020	2021	2020
	F	6	E
Trade creditors	49,298	177,603	47,437	169,000
Deferred income	80,225	198,953	80,225	198,953
Bank loans and overdrafts	11,667		11,667
Tax and social security	121,676	235,732	121,676	235,732
Owed to grou p undertakings
Other creditors	94,374	118,356	90,023	117,757
Accruals	131,593	75,854	127,079	71,795
	488,833	806,498	478,107	793,237


				2021 E	2020 f	2021 E	2020 8
Bank	loans	and	overdrafts	163,333		163,333
				163,333		163,333

ticket sal	es for p	erformances	after the year end.
				Group	Charity
				8	8
Balance	as at 1	April 2020		198,953	198,953
Amount	released	to incoming	resources	(198,953)	(198,953)
Amount	deferred	in year		80,225	80,225
Balance	at 31 March 2021			80,225	80,225

Analysis	of unrestricted	of unrestricted	fund movements
			As adjusted
			Balance at				Fund at
			31 March	Incoming	Resources		31 March
			2020	resources	expended	Transfers	2021
					6		K
General	fund		(259,496)	2,958,304	(2,369,612)	(31,000)	298,196
Designated funds
Capital Capital	building appeal and repairs &other		424,925 170,802				424,925 170,802
Artistic development box office reserve		and	69,000			31,000	100,000
Building R8 R and improvements			69,000				69,000
Development —special projects			30,528	1,133	(3,618)		28,043
Non-charitable trading		funds	118,130	(23,104)	(95,088)		(62)
Total			622,889	2,936,333	(2,468,318)		1,090,904

					Balance
					at 31				Fund at
					March	Incoming	Resources		31 March
					2020	resources	expended	Transfers	2021
					E		6		6
Theatre Development			Fund		259,130		(3,835)		255,295
Eda Moore Legacy					49,336		(669)		48,667
SDC Capital Grant					15,580		(13,286)		2,294,
National Lottery Capital			Grant		228,349		(44,320)		184,029
Capital Building Campaign					550,809		(25,021)		525,788
House Development		Fund			16,355		(16,355)
Sustain -Allocated	Capital			Spend	16,688		(11,784)		4,904
Catalyst					1,550		(1)		1,549
ACE - Small Scale	Capital				99,289		(19,248)		80,041
Capital works inc external				lighting	2,771,802		(105,957)		2,665,845
Small capital project					8,481		(4,728)		3,753
Sound and Light					1,610				1,610
Light Up Arts/Kingfisher					3,292				3,292
Pobit Broadcasting	Kit				247				247
Community First Salisbury Arts Centre		2018			26,000				26,000
remedial w'orks					124,850	50,000	(15,912)		158,938
Access Project					27,540				27,540
Total					4,200 908	50,000	261,116		3,989792

ANALYSIS OF CHARI	ANALYSIS OF CHARI	TABL	E FUNDS (continuedj
RESTRICTED FUNDS
Name offund Theatre Development		Fund	Description, nature and purpose ofthe fund Originally this fund arose from capital donations and grants received in order to fund the building of the theatre and extension. Subsequently, specific fundraising appeals have been launched to help finance the theatre's various refurbishment programmes, the general donations for which have also been
			included here. This fund is being depreciated over a period equivalent to the
			estimated useful life ofthe freehold property and improvements.
Eda Moore Legacy			This fund arose from the legacy ofthe late Eda Moore who bequeathed funds to the Theatre for the repair and restoration ofthe theatre building. Under the
			terms of her will, should Salisbury Arts Theatre Limited cease to continue as
			a going concern then any unapplied funds should be held in trust for and transferred to a further named beneficiary. The balance shown at 31 March
			2020 consists ofthe total legacy receivable to date less the amounts so far
Salisbury City Council Capital Grant & National Lottery Grant			depreciated. These funds arose from capital grants received in order to assist the funding ofthe 1996and 1997 theatre refurbishment programmes. These funds are being released to unrestricted funds over a period equivalent tothe estimated useful lives of the qualifying assets to which they relate. The balance shown at 31 March 2020 consists of the total grants received to date less the
			amounts so far depreciated.
Capital Building Campaign House Development Fund			In 2005, the Theatre launched a capital building campaign to raise funds to build a rehearsal space and community and education space. Following th'e successful conclusion of the Capital Building Campaign as the rehearsal space and community and education spaces were commissioned, the House Development Fund was set up to continue fundraising to provide
Arts Council —Sustain			for future capital needs. In October 2009, Arts Council England awarded the Theatre E400,000spread
			over two years, as part of its Sustain Programme, to support the Playhouse during the recession by enabling it to maintain its artistic programme and to
			continue its education, community and audience development programmes.
			The balance shown at 31 March 2020 consists ofthe total funds received less
			the amounts so far depreciated.
Catalyst			During 2012/1 3the Theatre was awarded F120,000 spread over three years, to assist with diversification of income streams and support work towards
			accessing more funding from private sources. Catalyst is provided by investment from Arts Council England, the Heritage Lottery Fund and the
Small Scale Capital			Department of Culture, Media and Sport. During 2015/16 the Theatre was successful in obtaining funding from Arts Council England —small scale capital fund towards improvements In the
			Salberg. This included new seating, lighting and sound as well as improved
			insulation.
Merger	Grant		Funding received from Arts Council England in respect ofthe merger.
Capital	Works		The grants were made in respect of capital expenditure on St Edmunds Church which has been funded mainly by grants from the Arts Council Lottery
			Fund, the Heritage Lottery, Salisbury District Council and a variety of trusts
			and individual donors. The amount released as a credit against expenditure
			each year is equivalent to the amount of depreciation charlIed against that
			expenditure.

Operating leases which expire:
	2021	2020
	8	5
Not later than one year	4,026	4,026
Later than one year and not later than five years	3,733	7,759

there ar	e, therefore	no	pos	sible	unforeseen liabilities.
						2021f	2020 6
Pension	premiums	paid	to	these	schemes	35,146	841,353

							2021	2020
							E	8
Surplus/(deficit)		as	previously	reported			165,663	(536,380)
Adjustments	in	respect ofrecoverable			VAT (2020 is a prior period adjustment)		91,235	(86,323)
							256,898	(622,703)
							2021	2020
							8	8
Total funds	brought		forward as previously			reported	5,034,658	5,571,038
Prior period	adjustments						(210,860)	(124,537)
							4,823,798	5,446,501