| Companies House ', KENTON THEATRE HENLEY-ON-THAMES MANAGEME SOCIETY UMITED rnIE) DIRECtOR5' AND TRUSTEES. REPORT AND FINANCIALSTATEMENT5 FOR THE YEAR ENDED 31 AUGUST 2020 *A9KLCW89• 2411212020 COMPANIES HOUSE 'A9J8FWPI' 0511212020 COMPANIES HOUSE Iii,, A16
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KENTON THEATRE HENLEY-ON-THAMES MANAGEMENT soaETY LIMITEDCTIIF) YEAR ENDED 31 AUGUST2020 INOEX Page Legal and Administrative Information Report of theTrurtees and Dirertors Siatement of Financièl Activities Balance Sheet Note5 foming part of the Financial Ststements 6-12 Independent Examiner's Report 13
KENTON ThEATRE HENLEY-ON-THAMES MANAGEMENT SOCIETY LIMITE LEGAL AND ADMlblSTRATNE INFORMATION FOR THEYEAR TO 31AUGUST2020 Con5titutlon: Kenton Theatre IHenley-on-Thamesl Mana8ement Society limited is a company limite¢S by guarantee and a registered chartty governed by its memorandum and articles of aOcIatiOn. Charity Nvmber 253021 Company Number 906767 Directors and Trustees The directors of the charr(able tompany a its trustees for the purpose of charity law and the articles provide for not less than five and no more than nine trustees. The Secretary and Treasurer Need not beTrusteÈs. Tht Tru5tee5 durin8the ffinanual year and since the year end were as follows.. Chairman.. CTapp- I September 2019 to 31 August 2020 Iresigned as TTUSteel J Huntington- appointed Trustee 25 September 2019. appointed Interirn Chair I September 2020 Secreta L H Walla- resigned as Trustee I September 2020. Appointed Interim Secretary I September 2020 Other elected Trustees.. S Bell (appointed 15eptember 20201 P Burnell (appointed I September 20201 C Colborne (resigned I September 20201 B G Harlin8 (resigned I September 20201 C Hewitt A iane13ppointed I Septernber 20201 D Parsonson (resigned I September 20201 D Scott (C0p1ed 26 November 2019. resigned i September 20201 JR Terry J Wood (appointed l September 20201 Treasurer-. M Jamieson ACMA Inot a Trustee) Rwtere41 Office: The Kenton Theatre New Street Henley-on-Thames RG9 2BS Bankers: Bartlays Hart Street Henley-on-Thames RG9 IAX EC4V 4Er CCLA Senator House 85 Queen WKioria Street London Independent Examiner: N M 5rnith ACA, cfA Villars Haard LLP Chartered Accountants. Registered Auditor and Chartered Tax Advise Boston Wouse NÈnley-on-Thames RG9 IDY Page I
KENTON THEATRE HENIEY-ON-THAMES MANAGEMENT SOCIETY LIMITE REPORT OF THE TRUSTEES AND DIREcfoRS FOR THE YEAR TO 31 AUGUST 2020 The Tnjstees, who are a150 the directors of the charity frjr the purposes of the Companies Arts, are pleased to preserbt their report together with the financial statements of the charity for the year ended 31 August 2020 The legal and administrative information set out on page I forms part of this report. The financial statements comply with current statutory requirements. the memorandurn and articles of association and the Charities SORP IFRSSEI 'Accounting and Reporting by Charibe5.' Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting stsndard for Smaller Entities (the FRSSEI IEffettive l January 20151, and the Companies Act 20c. Structure Go¥ernan¢È and Mana ment The Charity is constituted as a company limited by guarantee and 15 therefore governed by a memDrandum and articles of assocgation. A board of trustees of up to nine members administers the charity. and they are empowered to appoint a Management Committee to carry out the day-to-day work of runnit)8 the theatre. The Tru5tee5 are appointed by the members at the AGM and retirÈ by rotation. Casual va(ancles may be filled bv ctroption by the existing Board, subject to fomal election atthe next AGM. The trustees continuously review the risks to which the theatre may become liable and the implementation of legal and other requirements. Regulèrattention paHI to the dangerareas, and Specific 5eat5 have been allocated for disabled patrons. Ob"ectives and Acti¥itie5 for the Public Benefit The company was formed in 1967 and the memorandurn was amended in 2000 10 read The Company is established to promote. maintain, irnprove and advance education, particularly by the production of educational plays and the eneouragement of the Arts. including the art5 of drama. mime, dance. stnging and music, artd to formulate. prepare and establish schemes therefor. and to promote the repair, restoration and preservation fof the benefrt of the nation of buildings of beauty or historic interest and in particular of the Kenton Theatre, Henley- on-Thame5 in the County of Oxford". Settion 4 of the Charities Att 2011ft006 requires the chaTitytru5tees to comptywith their duty to have due regard to the public benefit guidance published by the Charity Commission in exercising their powers or duties. The trustee5 confirm that they have referred to thi5 guidance when reviewing the organisation'5 aims and objective5 nd in planning future activities. Achievements and Performance At the start of 2019-20the 8oard hèd oneTrvstee vacancy whith was filletl in NovembÈr 2019. In March 2020, the Theatre Manager left the company. A5 part of measures to control costs due to the closure of the Theatie since March 2020. a replacement has not been recruited with the key responsibilities of this role being covered by the Company Secretary, Tiustees and othEr staff. The position of Artistlc Manager continues to be covered by a contrartor on an interim bas. To comply with Government requirements in response to the Covid-19 crisis. the Trustee5 ordered the closure of the Theatre on 16 March 2020. A date for re-openin8 maInS to be agreed. The Theatre has been fortunate to receive a number of grants totslling £46,0 including a grant of £35,000 from the Arts Council emergency response fund. supported by ihe National Lottery. These grant5 coupled with careful management of the Theatre's underlying CDSt base have made a significant tontribution to the companvs ability to maintsin the Theat duringthe closure and to prepare for reopening. As the grants were made to support the Theatre throughout its anticipated dosure in the 2020 talendaryèar. the Trustee5 have determined to recognise 50% of the total grants 1£23,CX)01 as Income in the 2019-20 financial 5taternents. with the balance to be recognised in rhe next financial year. Page 2
KENTON THEATRE HENLEY-ON-THAMES MANAGEMENT SOCIETY UMITE REPORT OFTHE TRUSTEES AND DIRECTORS CONllNUED FOR TIIE YEAR TO 31 AUGUST Z020 Flnan¢ial Review Despite the closure of theTheatre. the company has marje a Small surplus of approximately £5,000. This includes £23,OCKI income from grants red together with a surplus of £lO,oixI from the Restoration Levy and other Restritted fvnds. Adonation of £IO.O(M)from the profits of the 2019 Pantomime produced by Kenton Theatre Presentations Limited was £3.0( higher than the previous year. The totsl Charity Funds ai 31.8.20 bncreased from £557,OLKI to £561.000. Trustees, Res onsibilities in Relation to the Financial Statements Company law requtres the trustee5 to prepare financial 51atement5 that gTve 4 true and fair view of the State of affairs of the charrty at the end of the finanoal year and of its surplus or deficit for the financial perÈod. In doin8 so the trustees are required to.. select suitable accounting policies and theft apply them conststently: make judgements and estimates that are reasonable and prudent. prepare the financial statements on the 80ill8 concern basi5 unless it is inappropriate to presume that the chaTitywÈ11 continue to operate. The trustees are responsible for maintaining proper accounting records which disclose with asonable aecuracv at any tirne the financial position of the charity and enable them to ensure that the fi'nancial staternent5 complv with the Companies Act 2006. The Trustees are also re5pon5ible for safeguarding the a55ets of the charity ènd hence fortakin£ reasonable step5 for the prevention and detettion of fraud aNd other irregularities. Reserves Pofi Reflecting the current Covid-19 crisis and its irnpart onTheatres, the Trustee5 consider that5ufficient unrestricted tash and short-term deposits should be held to cover further closure of the Theatre and e55Èntial work5 required to prepare the Theatre for re-opening. As at 31 August 2020. the cash balance held in the unrestricted bank account and on shorttem deposit amounted to £142.cKK). The Trustees consider that thi5 will provide cover until March 2021 in the event that the Theatre is required to remain closed up to that date. nde endent Examinèr A resolution will be proposed at the Annual General Meeting that Willars Hayward LLP be re-appointed as independent examiner to the charity for the ensuing year. By order of the Trustees J Huntington (Chair) Date". 4111 2020 Page 3
KENTONTHEATRE HENLEY-ON-niAMES MANAGEMEpif50CIEfY LIMIYED STATEMENTOF FINANCIAL AcfiviTIE5 INCLUPING INCOME & EXPENDITUAE ACCOU FOR THE YEAR ENDED 31 AUGUST 20ZO Funds Totsi Furtds 31.8.2020 3L8.ZD19 General ' nated Restricted INCOKqE AND ENDOWMENTS FROM: Subscriptions. donatfjon5 & grants 38.473 38,473 11.218 Other rrudinq gctiviries Tradlng opevatlons Fundraisine income 47.097 47,(r97 68,414 Inve5rmEnts iyj 634 1.974 haritable artlvities Intome from opemion ofthe thea 164,332 16.548 IB079 199,138 Total 250,346 16.737 267,083 280,744 EXPENDITURE ON: ChaTiloblÈ aCiwiti¢s= Trading opÈration5 Costs of Dperation of the rheatre Management ènd adn4nistration costs Governonce ¢05ts 19.010 144.629 83,792 2.995 19.010 156.668 83.792 2,995 23,928 187.550 88.768 3.450 4.961 7.078 Tatal 1250.4261 14.9611 17.0781 1262,4651 1303.6971 Net incornellexptnditwel 1811 14.9611 4%18 122,9531 Gross traThsfeT5 bets¥een knds Other reco8Thi5ed Bainslllosses) Gains on investmtTht assets io 19 19 1.656 1811 14.9611 9.679 4.637 121.2971 Recond11ao olfunds= Totsl fund5 brought foNard Totsl Fund5 carried forv4rd 114.970 114,889 53,828 48,867 387.7B3 397,462 556.582 561,218 577.880 556,582
KENTON THEATRE HENiEY.ON.THAMES MANAGEMENT SOCIETY LIMITED BAiANCE SHEFr AS AT 31 AUGUST 20ZO Note 31.8.20 31.&19 FIXED ASSETS: Tangible Assets for Charity Use Investments 13 14 450.794 12.441 458,820 3.422 463,235 462,Z42 CURRENT A55Ets: Stock DebtOTS Short Term Deposits Cash at Bank and In Hand 15 16 1.706 18.119 9D.000 Sl.942 3,111 34.759 loo.000 12.787 17 161.767 150,657 CREDITORS.. Ajnounts falling due within one year Credltor5 & Accwals 163.7831 156.3171 NET CURRENf ASSET5: 97,983 94,340 TOTALASSETS LESS CURRENT LIABILITIES: 561.218 556,582 FUNDS OFTHE CHARITY- UnrEstrittÈd Restricted iy 19 163,756 397.462 168.798 387,784 TOTAL CHARITY FUNDS 561.218 556.582 The company is entitled to exemption from audbt under Section 477 of the Companies Att 26 for the year ended 31 A&$t 2020 The trustee5/directors have not required the rompanyto obtsin audit of its financial statements forthe year 31 August 2020 in accordance with Section 476 of the Companies Aa 2006. The trustee5/direrttsr5 acknowledgÈ their rÈ5w)nsibililiÈs foT= lal ensuring that the company keep5 accounti whith mplY with Seabofts 386 and 387 ofthe Companie5 Art 2006 and Ibl preparing financial statements which give a true and faw view of the State of affairy Df the company as at the end of each finanual year and of its5urplus or deffGit for each financial year in acmrdan with the reqtsirements of SectioTrs 394 and 395 and which otherwise tornply with the requirements of the Companies Act 2(16 rekting to financial ststements, $0 far as applicable to the cDrnpanv. These financial statements have been prepared in accordance with the special provi5iDn5 of Part 15 ol the Cornpanies ACE 2006 relating to small companies and with the Financial Reporting Standard forsmaller Entities leffeuive January 20151. The financial statement5 were approved bythe &)ard of Trustees on.......... ... .............. . and were rted on its behalf by: .2020 Page S
KENTON THEATRE HENLEY-ON-THAMES MAI4AGEMENT SOCIEfY LIMITED CTH E) NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 ACCOUNTING POLICIE5 The principal accounting polKies are summarised below. a. Bas15 of preparfng the financial statpments The financial Statements have been prepared in attordance with the Charities 50RP IFASSEI 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pieparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSEI (effective l January 20151, and the Companies Act 2LKJ6. The financial statement5 havè been PTep3red under the historical cost convention with the exception of investments whith arè induded at mark2tvalue. b. Fund accounting General funds zre unrestricted funds, which arÈ available for use at the discretKJn of the trustees in furtherance of the geneial objÈrtives of the charity. The Designated Fund 15 an unrestricted fund created by the trustees at their discretion for a specific purpose. Restritted fvnds are funds which are to be used in accordan with spetific rèstrirtions Imposed by donor5 Dr which have been raised by the tharity for particular purpose5. The C05t of raising and admtni5tering Such fvnds are charged agaiTr5t the speofic fvnd. The aim and use of each restricted fund are Set out in the notes to the finanual statements. Income All Income is recognised in the Statement of Financial ActNrties once the charity has entitlement to thefunds. it is probablethatthe income will be feceNed, and theamount can be measured reliab. The following specific policies are applied to particular cateÉorTes of ineome-. Voluntsry income is received by way of memberf subscriptions. donations and grants. Members, subscriptions income 15 credited to the Statement of Financial Acti¥it*s when it is receNed. No adju5trnent is made in respect of 5ubstriptions outstanding or re1Ved in advance. Donation5 are included in incoming fesources when they are reteived. Grants are included in incoming resour5 when they are receivable except where the donor5, onditions in respect of grants reiVed for specifK Services have not been fu5filled. then income is deferred until receipt. or where the grant is intended to cover a period of time beyond the date of the Balance Sheet. in such cases income 15 allrtrcated on a pro rata bas15. Gift aid reclaimable on donations to the charity is included as received. The value of services provided by volunteers has not been included in these financial ststements. Investment income is included when recetved by the charty. The income from fttndraising ts shown gross. with the associated c05t5 included in fundraisin8 costs. Incomin8 resource5 from charitable activities are received by way of theatre rentals and productions which are induded in the period in which the letting or production takes place and all other income 15 irKluded in the period in which it i5 Teceived. d. Expenditure liabilities are recognised as expenditu as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is pcobable that a transfer of economic benefits will be required in settlement and the amountof the oblieation can be measured reliably. Expenditure 15 accounted for on an accruals ba51S 35 a liability ¢5 inturred. net of VAT. All cost5 are allocated between the expenditure te80r1e5 of the Statement of Ftnancial Aciivities on a basis designed to reflect the use of the resource. Where costscannot be directly attributed to particular he3ding5, they have been allocated to activities on a basis consistent with use of the résource. The netting- off of expenses and related income 15 only undertaken where the values are not material. Pa8e 6
KENTON THEATRE HENLEY-ON-THAMES MANAGEMENT SOCIETY UMITED ¢*E) NOTES FORMING PART OF THE FINANCIAL STATEMENTS continued FO8 THE YÉAR ENDED 31 AiIGUST 2020 d. Empenditure {conlinuedl Costs of generating funds comprise the costs associated with attratting voluntary incvme and the costs of fundraising. Charitable expenditure comprises those costs incurred by the charity In the delivery of its activities and services for its beneficiaries. ft includes both ujsts thatcan be allocated directly to such artivities and those costs of an indirect natu necessary to support them. Governance costs include those costs associated with Meeting the constitutional and Statutory requirements of the charity and include the Independent Examinees fees and costs Ilnked to the strategic management of the char. Tangible Ilxed assets and depreciation Fixed assets are recorded at cost less accumulated depreuation. The costs of minor additions are not capitalised. Depreciation 15 provided on tangible fixed assets at annual rates calculated to write off the cost over their expected useful economic life a5 follows- Freehold Property Improvements to Property Carhopy Fixtures & Fittings over 25 years over 10 years 15% on reducing balance StodE Stock 15 included at the lower of r05t or net realisable value. LEGAL ATUs OF THE CHARiri The charity is a company limited by guarantee and has no share caprtal. The liability of each member in thè event of windine vp limited to £1. Page 7
KENfoN THEATRE HENLEY-ON-THAMES MANAGEMENT soaEry LIMITED (rHe) NOTES FORMING PART OF THE FINANCIAL STATEMENTS Dntinued FOR THE YEAII ENDED 31 AUGUST 2020 Voluntary income- sub5cFfjpiions. donaiions & grants Unrestricted Gener81 Deslgnated Funds Fund5 Total 31.8.2020 Funds Total 31.8.Z019 Funds Re5tritted Funds Grants Theat friends, subscriptions Donations 23.OCIJ 2.230 13.243 38.473 23.OiX) 2.230 13.243 38.473 1.660 9,558 11,218 Trnding opEr2tions Incorne frotn bar sales and sale5 of confectionery and cDffee 47,097 47.097 68.414 CDsr of bar sales and sales of confectionery and coffee 19,010 19,010 23,928 In¥estment Income Interest on COIF In¥e5trnent Funds Interest on COIF Cash depD5r( 190 287 347 1.304 670 347 444 190 634 1,974 Inwme from operatir>n of the theatre Letting income Production5 Other income BDX office handling charye Restoration levy 46,6 98.760 10.929 8.D43 16.548 69.133 98.294 2,007 10.188 19.516 98.760 10.929 8.043 16.548 164J32 16.548 180,879 199,138 COMS of operatson of ihetheatre Production5 Costs Costs of caretakerlcleaning Leeal and pfolessional fees Repairs and neal$ PrintinE. Stationery and marketing Telephone Light and heat Rate5 and rubbish collection IT & Technical costs Box offlce administration Provision foi doubrful debt Depreciation and amorti%ation 76,081 5.194 14.250 5.781 17.882 1.759 5.910 3,762 8,563 1,710 76.081 5.194 14,250 5,781 17,882 1,759 5.910 3.762 8.563 1.710 1.500 14,276 78,107 9,975 16,830 4.49S 23,554 1.782 8.175 5.001 9,433 1.684 2.237 4.961 7.078 28.516 144,629 4.961 7.078 156.668 187,550 Pase 8
KENTONTHEATRE HENLEy-oTHAmES MANAGEMENT SOCIETY LIMrrED NOTES FORMING PART OF THE FINANCIAL STATEMENTS continued OR THE YEAR ENDED 31 AUGUST 20 Management and odmini5tration ¢osts Unrestrided General Desi4nated Funds Fund5 Total Funds 31A.2020 Tota5 Funds 31.8.2019 Restrltted Fund5 Theatre Mana8ement Insurances Bank & credit card charges Box Office Managernent Box office computer costs Miscellaneous expenses 30.036 8.686 6,665 21090 10.766 5.550 83.792 30,036 8,6BS 6.665 22.090 10.766 5,550 83,792 39.071 B.839 8,323 12.800 13,478 6.257 88.768 Govern8n¢e costs Independent Exarninert5 fee5 znd other services 2.99S 2.995 3,450 10. Galn5 on Investment Assets Unrealised galn on revaluation of investments 19 19 1,656 11. staff £05tsand tnL4tee$' Temunerallon lil The average number of empbyees during the year was 312019- 51 lill The General Mana8eT was oppointed on a fUltime basis until their resienation in June 2019. The followinB Staff were employed part-time on a regular basis.. 8Dokings manager and Box office rnanager. The Caretaker Ipart-tirnel re518ned in Ioct 20181 and the duties covered by contractors. Other assistan in bar. box offi. general adrnini5tTation and front of house 15 given on avoluntary ba51 Total Fund5 31.8.2010 Total Funds 31.8.2019 UnrerIed Designated Funds Funds Restrirted Fund5 Costs of staff. includin8 emplDyerf5 NIC 36.336 36.336 49,871 liiil No Trustee of the company receNed remuneratK)n in respect of their trusteeship or for anyother SeiCe5 dur(ng the ye4r. TrSteeS may be reimbursed for travel and similar costs incurred (where daimedl buldurin8 the year nothin8 wa5 repaid to any trustee12019- nill. 12. Movertt in total funds for the year 31.8.ZOZO 31.8.2019 This is ststed after charging: Depreciation and Arnorttsaiion 14.277 28,516 Independent Examinerfs Fee extèrnal scnrtiny 2.99S 3.450 Pa8e 9
KENTON THEATRE HENLEY-ON-TIIAME5 MANAGEMENT SOCIETY UMITED O&E) NOTES FORMING PART OF THE FINANCIALSTATEMENTS continued FOR THEYEAR ENDED 11 AUGUST 20ZO 15. Tanzible fixed assets Freehold hhpro¥emer Pro Pro Fixture5 & Flttin Cano Totsl At I September 2019 Additior15 in the yeai 300.IXKI 179,291 26.589 164,747 4.851 670.627 6,251 At 31 AuSt 2020 180.691 26.5B9 169.598 676,878 Depreclation: At I September 2019 Prowsion forthe year 64.964 6.874 26,589 120,254 7.403 ZII.807 14,277 At 31 August 2020 71.838 26,589 127.657 226,084 Net b¢kValUe= At 31 August 2020 108.853 41.941 450.794 At 31August 2019 3CKJ.000 114.327 44.493 458,820 14. Investrnents 31.8.1020 31.8.2019 AT MARKET VALVE COIF Chariue5 Upit Fi1rS 12.441 3,422 There were no investment assets outside the UK. Yhe h15torical c05t of the abtye InVesknftts at 31 August 2020 is £11.97112019- £2,971) 15. siock 31.8.Z020 31.8.2019 Items for resale in Bar and Coffee Bar 1.706 3.111 1,706 3.111 16. DebtOfS 31.81020 31.8.2019 Trade Debtors Balance wilh K2ntonTheatre Presentations rnIted Prepayrnents & Arcrued Income Social Security & Other Taxe5 Balance with Box OfficeAccount 4,717 7.000 13.767 2.329 6.946 10.000 6.119 18,119 34,759 17. Sh¢)rtterm DePts 31.8.2020 31.B.2019 COIF Charities Deposit Fund gD.DJO ioo,o 90.Tr)0 ioo,ooo P38e 10
KENTON THEATRE HENLEY-ON-THAMES MANAGEMENT 50ClffY UMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS contlnued FOR THE YEAR ENDED 31 AUGUST20ZO 18. Creditors: Amounts f311ingdue wlthin one year 31.8.2020 31.8.201 Tr3dE Creditors Intercompany L03n- Kenton Theatre Presentation5 Limited Deferred incorne- Governrnent and other grants receNed Olher Creditors A¢truals Soual 5ecurrty & OtherTaxes 7,524 22.81)0 23.CQO 3.148 10,801 9.311 63,783 10.9S6 22.562 56,317 19. Movement in funds In¥estment Kains/ Income EX 1105sesl At 1.9.19 At 31.8.20 Unre5tri¢wI fvnd General 114,970 250.345 1250.4261 114,889 Designated Fund Kenton for Keeps General Fund 53.828 14,961) 48.867 Total Unrestricted Funds 168.798 250.345 1255,3881 163,756 Restricted funds General Kenttsn for Keeps Freehold Purchase Fund Resroration Levy Fund Property Improvement Fund 300,IJ 68.765 27,696 56.530 30.2S4 16.736 14.5201 12.5581 19 Total Restritted Fund5 387.784 16.736 17,0781 19 397.462 Total funds 556.582 267.082 1262.4651 19 561,218 Desi n3ted turtd The Kenton for Keeps General Fund con5i5ts offvnds Trised io en5the fvIU of the theatre. and to a5515t ir¢ the cost of future improvements. Re5trirted funds The General Fund resulted fromthe Society5 rnergerwith the Kenton Theat society and repSents a sum that was originallwgiven to them to be held as an income produong investment. The Kenton for Keep5 Freehold Purchase Fund consisls of monie5 raised in previous years toward5 the c05t of the freeholé. The Re5tordtion Levy Fund preSentS ihe additional amounts lewed over and above the cost of theatre tickets to a551st in future restoration projecls. The Property Improvement Fund repiesents the netamount raised forthe new canopy and ongoing irnprovements to the premises. Page 11
XE0 THEATRE HELEY4)TmAMEs P*WAGEMENT SOCIETY LIMFfED cryle) NOTES FORMING PART OF YIIE nNANCIALsfATEMENTS continued FOR THEVEAA OED I AUGUST2020 20. Analysls of metassEt5 bets¥eenfvnds unlestfftt Funds e5trfrted Fund Restorat. Pro lon Le Fund Freehold Purch FLtrnd Genernl FWKI TOVe- Total Funds ments Fund Tanble Fed A55ets Investments Short Term Oeposits Cash at Bank and In Hand OtherNet Current Assets Crtditors & Accntats 14.(iKI 60.231 11.441 27.696 3).000 387,927 12,441 450.79S 12.441 90,000 51,942 19,824 163,7831 90,(XX) 12,9071 12.9071 19,824 163.7831 114.889 48.867 68.765 27.696 3,)0 397.462 561,218 2L Talalion The CornpanywexEfflpt from corptiratth tax on ¥t5 thArilaerby1tj 22. Going Comrn The coronavirus panderrtic has significantly disrupted individyals. personal Iwes and businesses, economie prospects i the UK arsd acros5 the globe. The UK entered lockdown in Marth 2020 with fvrther restrirttons being put in place in November 2020. Thè Trsjstees deem it unlikety that restrictions and social distanting provisiong will be lifted in the near future. The pandemic has afferted the company by the Theatre remaining clDsÈd to public perfomiances since March and the cancellation of the Svmmer 2020 and AUrnn 2020 proBrams. The Trustees have put in place the follov•in8 provisions to protett the cornparty agalnst the ne8ati¥e impact of the coronavirus pandemic.. right control over the Theatre's cost base, . Obtaining grant funding from: the Art5 Council for Eneland ILottery Fundedl, local Huthorlty and Trusts. . Launthing a succèssful local fund raising campaign in AUrnn 2020 The Trustees have contfrnued to prepare the accounts on a going concem basis and the TTU5tees deErn thi5 to be appropriate. The Tyustees do not consider that a material uncertainty about the company's going concern status currently exists. Irb maknng this assessment ihe Trustees have consided the likely irading conditions for a period of twelve Months from the date of approval of these account> Pap J2
KENTON THEATRE HENLEY4)N-THAMES MANAGEMENT SOCIEtY UMITE INDEPENDENT EXAMINEIVS REPORT TO THE TRUSTEES OF KENTON THEATRE HENIEY-ON-THAMES MANAGEMENTSOCIETr LIMITED I report on the financial statements of the tharitsble company for the year ended 31 August 2020, which a set out on pages four to twpfve. Respectl¥e responsibilities of tTUStees and examiner Asthe charitls trustees ofthe ctsmpany land also itsdirettorsforthe purposes of company lawl you ale responsible for the preparation of the financial statements in accordance with the requirements of the Companiès Act 2006 l-the 2006 Arfl. Having bee satisfied that the financial ststements of the company are not requTrred to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in Spect of my examination of your thar15 rinancial statements 35 carried out under secboft 145 of the Charities Act 2011 Ithe -2011 ACVI. In carryine out my examination I have followed the Direciions Ven by the Charity Commissioners under section 14515llbl of the 2011 Act. examine the financial statements under Section 14S of the 2011 Att,. to follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the 2011 Att," and to state whether parttcular matters have eorne to my attention. 8a51$ of independent examinerf rtport My examination wa5 carried out in accordance with the General D¢rect¢ons given by the Chartty Commission. examination includes a review of the accounting record5 kept by the charity and a compartson of the financial ststements presented wtth those record5. It also includes consideration of any unysual icems ordisclosurès in the hnancial statements, and the seeking of explanations from you as trustees concerning any Such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and. consequently. no opinion 15 given as to whether the financial statements present a 'true and fair Vie and the report is limited to those matters set out in the ststement below. Independent examinerfs statement In connection with my examination. no matter has come to my attèntion: which gtves re350nable cavse to believe that. in any material respert, the Tequirements.. to keep accounting records io accordance with section 386 and 387 of the Companies Act 21J)6,' and to prepare financial statements which accord with the acc(Junting records, comply with the acc014nting requirernent5 of Sertion5 394 and 395 of the Companies Act 2006 and with the methods and principles of the Accounting and Reporting by Charitie5= Statement of Recommended Practice applicable to chartties preparing their financial statements in accordance with the Financial Reporting Stèndard for Smaller Entities (the FRSSEI (effective l January 20151 have not been met: or to which. in my opinson, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. N M Smith Aci cfA Vi113TS Hayward LLP Chartered Acctsuntants, Règistered Auditors and Chartered Tax Advi5Èrs Boston House HEnley-on-Thame5 RG9 IDY Date-. 2020 PaÉe 13