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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 00815227 (England and Wales)
REGISTERED CHARITY NUMBER: 253606

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

FOR

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

Fortus Audit LLP
Chartered Accountants & Statutory Auditors
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 March 2022

Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 26 
SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2022

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31March2022.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Vision

Bold, relevant and surprising theatre which inspires and entertains.

Mission

Objectives

Public benefit

Asacharity,andwithregardtoCharityCommissionguidance,thetrusteesrecognisetheTrust'sduty to
carryoutitsoperationsforthebenefitofthepublic.Inparticularthetrusteesconsiderthattheworkof the
Trustinthelastyearhasadvancedthearts,cultureandheritageoftheBoroughofScarboroughand its
region for the benefit of a broad audience.

Page 1

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

REPORT OF THE TRUSTEES For The Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Afteradifficult2020/21-throughoutwhichperiodweremainedinlockdownforover50%ofthetime- we
wereatlastabletore-openinMay2021.Wewerehoweveronlyabletooperateat50%ofcapacity until
ourChristmasshow-duetosocialdistancingregulations-whichobviouslyhadanimpacton both
audiencenumbersandonboxofficeincome.Withinthoselimitationshoweverwestillachieveda number
ofsuccesses:ourAyckbournpremiereofTheGirlNextDoorsignificantlyexceededtargetandwas hailed
asoneofthefirstproductionstoreflecttheCovidpandemic;andouradaptationofthebest-selling Ben
MyersnovelTheOffingwasasell-out,receivingafantasticpublicresponseandaringing endorsement
fromtheauthorhimself.Unfortunately,Covidcontinuedtoimpactourprogramme,withanumber of
performanceslostonbothoursummerco-productionofHomeI'mDarlingandourChristmasshow Jack
andtheBeanstalk.Overtheyearwemanagedtoincreaseticketsalestojustover25,000,still considerably
lower than pre-pandemic levels but building slowly from the previous year.

Covidalsocontinuedtoimpactonstaffandaudiencebehaviours.Althoughallstaffreturned from
furloughduringtheyear,therewasanincreaseinpeopleworkingflexibly,withmostofficestaffworking at
leastoneortwodaysaweekfromhome;virtualmeetingsalsocontinuedtobeafeatureofthe working
day,althoughthisdidhavetheadvantageofsupportingmoreregularcontributionsfrom board
members/staff/collaboratorswholivedsomedistancefromthetheatre.Wesawouraudiences returning
toliveperformanceslowlyandinsmallernumbers;somethingreflectedacrosstheindustry,witha general
recognitionthattheatrehasprobablypermanentlylostapproximately15%ofpreviousaudiences. This
underlinestheimportanceoftheworkwecarriedoutovertheyearfocusedaround audience
engagementanddevelopment,supportedbyafurthergrantfromtheCultureRecoveryFund.Over 21/22
thisworkincludedarebrandoftheorganisation,thedevelopmentofanewwebsite(tobelaunched in
thenewfinancialyear)andinvestmentinanewaudiencesegmentationapproachwhichwillallowus to
tailorourcommunicationsinamuchmorestrategicandtargetedway.Wealsoconfirmedthe permanent
role of Digital Media Producer, allowing us to continue to grow our online presence and reach.

Havingmovedourparticipatoryworkonlineduringlockdown,21/22sawagradualreturnto in-person
sessionsandtopre-pandemiclevelsofattendance.Wealsoincreasedtheworkwedidinschools,with a
particularfocusonaddressingtheimpactCovidhadhadontheemotionalwell-beingofchildren and
youngpeople.Oneexternallyfundedproject(supportedbyChildandAdolescentMentalHealth Services)
wascreatedtohelpbuildemotionalresilienceinchildrenandyoungpeople;usingan evaluation
techniqueknownasBoxallprofiling,wewereabletoseea79%improvementinparticipants'abilityto give
purposefulattentionanda45%improvementinemotionalsecurity.Wealsosecuredfundingfrom the
OpportunityAreasprogrammetoworkwithEarlyYearspupilsacrossfiveschoolsintheborough; the
projectsawasignificantimprovementinparticipants'listeningandunderstandingskillsandthe funding
has now been extended for a further year to allow us to work with additional schools.

Wecontinuedtodevelopourcivicrolewithintheboroughandtosupportthecouncilinits ambitious
regenerationplans.InourroleasChairofCOAST(theLocalCulturalEducationand Community
Partnership)weoversawthecommissioningofaCulturalStrategyforSBCandarenowworkingwith them
tohelpdeliverspecificaspects.WewerealsokeycontributorstotheStrongerTownsFundingbid, in
particularinitiatingandthenleadingonplansforayear-roundculturalfestival-TheScarboroughFair -
which has now received confirmed funding and will launch in 2023.

Ourdonorsandmemberscontinuedtobeincrediblygeneroustousthroughouttheyearandhelped us
raiseatotalof£141,484againstouroriginalbudgetof£110,000Muchofthisincomewas unrestricted,
givingustheflexibilitytoinvestfundswheremostneededandhelpingustogrowourprogrammeof new
writing as well as our participatory programme in specific communities.

Page 2

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

REPORT OF THE TRUSTEES For The Year Ended 31 March 2022

Weremaingratefultoourtworevenuefundersfortheircontinuingsupport.Ourfour-year funding
agreementfromArtsCouncilEnglandwasextendedbyoneyearinresponsetothedifficultiescreated by
thepandemic,takingthatagreementtotheendofMarch2023.Afundingapplicationfora further
three-yearagreementwassubmittedinearly2022/23andadecisionisawaitedinOctober2022. Having
securedconfirmationofongoingfundingfromScarboroughBoroughCouncilfor2022/23wewere invited
toapplyforafurtherthreeyearstobringthisfundinginlinewiththatofACE;wereceivedconfirmation of
thisfundingatthestartof2022/23.ThiswasparticularlywelcomeinlightoftheLocal Government
Reorganisationthatcommencedin2021/22andthatwillmeanthatScarboroughBoroughCouncil will
ceasetoexistattheendofMarch2023atthepointatwhichthenewunitaryauthorityofNorth Yorkshire
Councilcomesintobeing.TheagreementwithSBChasgiventhetheatrethesecurityofknowingthat its
localauthorityfundingisinplaceuntilatleast2026,bywhichpointwehopewewillhaveestablished a
strong relationship with NYC.

FINANCIAL REVIEW

Financial review

TheTrustmadeadeficitfortheyearonunrestrictedfundsof£25,404.Theclosingunrestrictedreserves were
£666,829andtotalreserves£1,163,253Aconsequenceofthecurrentlevelofreservesandmore stable
financialpositionwillenabletheTrusttodevelopwithconfidenceitsdynamicartisticprogramme. During
the year a historic over statement of £12,058 of income was identified and disclosed to the auditors.

Principal funding sources

TheTrustsfundingforitscharitableoperationscontinuedtobeprimarilythroughACEand Scarborough
BoroughCouncil.However,fundingtoenablespecificartisticprojectshasbeenreceivedfroma number
ofindividualdonorsandlocalbusinesses;this,togetherwithanumberofone-offlegaciesand the
continued support of our regular donors all contributed to the Trust's financial viability.

Investment policy and objectives

UndertheMemorandumandArticlesofAssociation,thecharityhasthepowertoinvestinanyway the
trustees wish.

TheTrusteeslooktomaintainanappropriatelevelofliquidityincashbalancesforthe operating
requirementsoftheCharity.FundsinexcessofthoserequiredfortheCharity'sshort-term operating
requirementareinvested,onourbehalf,byCCLA.ThefundsmanagedbyCCLAareheldintwo separate
portfolioswithdifferentinvestmentcriteria.Bothportfoliosareregardedascautiousandaimat providing
growthfortheCharity'sinvestment.InvestmentaccountdecisionswillbemadebytheBoardbasedon a
recommendation from the Chair and the Chair of the Finance Task Group.

Reserves policy

Thetrusteeshaveexaminedtherequirementsforreservesinlightofthemainriskstothecharity. Sufficient
securedfundingisinplacetoensurethatthetheatreisabletocontinuetooperateandbeenjoyedby its
stakeholders.ItisthepolicyofScarboroughTheatreTrusttoholdreservesequivalentto3-6 months
operating costs.

FUTURE PLANS

TheTrust'spolicycontinuestobeoneofmaintainingfinancialviabilityalongsideitsstrongartistic vision.
Havingachievedagreedlevelsofunrestrictedreserves,theTrusthavedrawnupplanstoestablish three
Designatedreservestosupportspecificinitiativesfelttobekeytothefuturehealthofthetheatre: a
Governance,Legal&HRFund;anAudienceEngagementFund;andaDynamismFund.Thislatter reserve
willbeinlinewithArtsCouncilEnglandInvestmentPrinciplesandwillgivethetheatretheability to
innovateandtogrow.Alongsidethesemeasures,aprudentapproachwillcontinuetobe adopted
towardsbudgetingandsettingincometargetsfortheannualprogrammeofworkinlightofslower growth,
post-pandemic,toensurethatthetheatrecancontinuetocreatehigh-qualityworkwithinits financial
parameters.

Page 3

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

REPORT OF THE TRUSTEES For The Year Ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

ScarboroughTheatreTrustLimitedisacompanylimitedbyguaranteegovernedbyitsMemorandum and
ArticlesofAssociationdated11August1964andamendedtoallowforcurrentgovernance arrangements
on 29 August 2007. It is registered as a charity with the Charity Commission.

Appointment of new trustees

AssetoutintheArticlesofAssociationthechairoftrusteesisnominatedbytheBoard.North Yorkshire
CountyCouncilnominatesonetrustee.Allmembersarecirculatedwithinvitationstonominate trustees
priortotheAGMadvisingthemoftheretiringtrusteesandrequestingnominationsfortheAGM. When
considering trustees, the Board has regard to the requirement for any specialist skills needed.

Organisation

Theboardoftrusteesadministersthecharity.Theboardmeetsquarterlyandthereisa sub-committee
coveringfinancewhichmeetsquarterly.Theboardestablishedanominationscommitteeresponsible for
developingtheskillsanddiversityofthetrusteemembershipandforplanningrecruitmentand succession
planning.

Trustee induction and training

Newtrusteesundergotrainingtobriefthemontheirlegalobligationsundercharityandcompanylaw, the
contentoftheMemorandumandArticlesofAssociation,thecommitteeanddecisionmaking processes,
thebusinessplanandrecentfinancialperformanceofthecharity.Trusteesareactivelyencouraged to
attendappropriateexternaltrainingeventswherethesewillfacilitatetheundertakingoftheirrole. In
addition, specific theatre finance training is given to those joining the Finance sub-committee.

Key management remuneration

Thetrusteesconsiderthattheboardalongwiththeseniormanagementteamcomprisethe key
managementpersonnelofthecharityandareinchargeofdirectingandcontrolling,running and
operatingtheTrustonadaytodaybasis.Allthetrusteesgivetheirtimefreelyandnoneare remunerated.
Detailsofexpensesreimbursedduringtheyearareshowninthenotestotheaccounts.Thepayof senior
staffisreviewedannuallyandnormallyincreasedinaccordancewithaverageearnings.Inviewof the
natureofthecharity,thetrusteesbenchmarkagainstpaylevelsinothersimilarorganisationsintheNorth of
England to ensure that the remuneration is fair and not out of line with that generally paid for similar roles.

Risk management

The trustees have a risk management strategy which comprises:

Historically,particularattentionhasfocusedonnonfinancialrisksarisingfromfire,healthandsafety of
artistsandaudience,managementofperformingrightsandfoodhygiene.Akeyelementin the
managementoffinancialriskistheestablishmentofreservesandtheregularreviewofareservespolicy by
trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

00815227 (England and Wales)

Registered Charity number

253606

Page 4

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

REPORT OF THE TRUSTEES For The Year Ended 31 March 2022

Registered office

Stephen Joseph Theatre
Westborough
Scarborough
North Yorkshire
YO11 1JW

Trustees

Mr J G H L Armistead (resigned 3.12.21)
Ms H Boaden
Ms K A Carmichael
Mr D A Chance (appointed 2.9.22)
Ms C Fitzpatrick
Mr C N Groom (resigned 3.12.21)
Mr A J B Smith
Mr M J Wilkinson
Mr A H Wilson
Mr J Lee
Mr R S Lumby
Ms S K S Wright
Mr D T Warner
Ms A Donkor
Mr J Wilkinson

Company Secretary

Ms C Routh

Auditors

Fortus Audit LLP
Chartered Accountants & Statutory Auditors
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

Joint Chief Executives

Ms C Routh
Mr P Robinson

Bankers

Barclays Bank Plc
St. Nicholas Street
Scarborough
YO11 2ZL

Investment Managers

CCLA Investment Management Ltd
85 Queen Victoria Street
London
EC4V 4ET

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Thetrustees(whoarealsothedirectorsofScarboroughTheatreTrustLimitedforthepurposesof company
law)areresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsin accordance
withapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdomGenerally Accepted
Accounting Practice).

Page 5

SCARBOROUGH THEATRE TRUST LIMITED TRADING AS STEPHEN JOSEPH THEATRE

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2022

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgive a
trueandfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresources and
applicationofresources,includingtheincomeandexpenditure,ofthecharitablecompanyfor that
period. In preparing those financial statements, the trustees are required to

Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewith reasonable
accuracyatanytimethefinancialpositionofthecharitablecompanyandtoenablethemtoensure that
thefinancialstatementscomplywiththeCompaniesAct2006.Theyarealsoresponsiblefor safeguarding
theassetsofthecharitablecompanyandhencefortakingreasonablestepsfortheprevention and
detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

Theauditors,FortusAuditLLP,willbeproposedforre-appointmentattheforthcomingAnnual General
Meeting.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

....................................................................
Ms C Routh - Secretary

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SCARBOROUGH THEATRE TRUST LIMITED

Opinion

WehaveauditedthefinancialstatementsofScarboroughTheatreTrustLimited(the'charitable company')
fortheyearended31March2022whichcomprisetheStatementofFinancialActivities,theBalance Sheet,
theCashFlowStatementandnotestothefinancialstatements,includingasummaryof significant
accountingpolicies.Thefinancialreportingframeworkthathasbeenappliedintheirpreparation is
applicablelawandUnitedKingdomAccountingStandards(UnitedKingdomGenerally Accepted
Accounting Practice).

In our opinion the financial statements:

Basis for opinion

WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK)) and
applicablelaw.Ourresponsibilitiesunderthosestandardsarefurtherdescribedinthe Auditors'
responsibilitiesfortheauditofthefinancialstatementssectionofourreport.Weareindependentof the
charitablecompanyinaccordancewiththeethicalrequirementsthatarerelevanttoourauditof the
financialstatementsintheUK,includingtheFRC'sEthicalStandard,andwehavefulfilledourother ethical
responsibilitiesinaccordancewiththeserequirements.Webelievethattheauditevidencewe have
obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcern basis
of accounting in the preparation of the financial statements is appropriate.

Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelating to
eventsorconditionsthat,individuallyorcollectively,maycastsignificantdoubtonthe charitable
company'sabilitytocontinueasagoingconcernforaperiodofatleasttwelvemonthsfromwhen the
financial statements are authorised for issue.

Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribed in
the relevant sections of this report.

Other information

Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisesthe information
includedintheAnnualReport,otherthanthefinancialstatementsandourReportofthe Independent
Auditors thereon.

Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttothe extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheother information
and,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththe financial
statementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If we
identifysuchmaterialinconsistenciesorapparentmaterialmisstatements,wearerequiredto determine
whetherthisgivesrisetoamaterialmisstatementinthefinancialstatementsthemselves.If,basedon the
workwehaveperformed,weconcludethatthereisamaterialmisstatementofthisotherinformation, we
are required to report that fact.  We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SCARBOROUGH THEATRE TRUST LIMITED

Matters on which we are required to report by exception

Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironment obtained
in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

WehavenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresus to
report to you if, in our opinion:

Responsibilities of trustees

AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothe directors
ofthecharitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationof the
financialstatementsandforbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternal control
asthetrusteesdetermineisnecessarytoenablethepreparationoffinancialstatementsthatarefree from
material misstatement, whether due to fraud or error.

Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitable company's
abilitytocontinueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcern and
usingthegoingconcernbasisofaccountingunlessthetrusteeseitherintendtoliquidatethe charitable
company or to cease operations, or have no realistic alternative but to do so.

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SCARBOROUGH THEATRE TRUST LIMITED

Our responsibilities for the audit of the financial statements

Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawhole are
freefrommaterialmisstatement,whetherduetofraudorerror,andtoissueaReportofthe Independent
Auditorsthatincludesouropinion.Reasonableassuranceisahighlevelofassurance,butisnot a
guaranteethatanauditconductedinaccordancewithISAs(UK)willalwaysdetecta material
misstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterial if,
individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomic decisions
of users taken on the basis of these financial statements.

Irregularities,includingfraud,areinstancesofnon-compliancewithlawsandregulations.We design
proceduresinlinewithourresponsibilities,outlinedabove,todetectmaterialmisstatementsinrespect of
irregularities,includingfraud.Theextenttowhichourproceduresarecapableofdetecting irregularities,
including fraud is detailed below:

Weobtainedanunderstandingofthelegalandregulatoryframeworksthatareapplicableto the
companyanddeterminedthatthemostsignificantframeworkswhicharedirectlyrelevantto specific
assertionsinthefinancialstatementsarethosethatrelatetothereportingframework(UKGAAPand the
Companies Act 2006) and the relevant tax compliance regulations in the UK.

Weunderstoodhowthecompanyiscomplyingwiththoseframeworksbymakingenquiries of
managementandthoseresponsibleforlegalandcomplianceprocedures.Wecorroboratedour enquiries
through review of board minutes and discussions with those charged with governance.
Weassessedthesusceptibilityofthecompany’sfinancialstatementstomaterialmisstatement, including
howfraudmightoccur,bydiscussionwithmanagementfromvariouspartsofthebusinessto understand
wheretheyconsideredtherewasasusceptibilitytofraud.Weconsideredtheproceduresandcontrols that
thecompanyhasestablishedtopreventanddetectfraud,andhowthesearemonitored by
management, and also any enhanced risk factors such as performance targets.

Basedonourunderstanding,wedesignedourauditprocedurestoidentifyanynon-compliancewith laws
and regulations identified in the paragraphs above.

Wealsoperformedauditworkovertheriskofmanagementoverrideofcontrols,includingtestingof journal
entriesandotheradjustmentsforappropriateness,evaluatingthebusinessrationaleof significant
transactions outside the normal course of business and reviewing accounting estimates for bias.

Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedon the
FinancialReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.Thisdescriptionforms part
of our Report of the Independent Auditors.

Use of our report

Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter 3
ofPart16oftheCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstateto the
charitablecompany'smembersthosematterswearerequiredtostatetotheminanauditors'report and
fornootherpurpose.Tothefullestextentpermittedbylaw,wedonotacceptorassumeresponsibility to
anyoneotherthanthecharitablecompanyandthecharitablecompany'smembersasabody,for our
audit work, for this report, or for the opinions we have formed.

Richard Buckby FCA (Senior Statutory Auditor)
for and on behalf of Fortus Audit LLP
Chartered Accountants & Statutory Auditors
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

Date: .............................................

Page 9

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For The Year Ended 31 March 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
Operation of theatre
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Operation of theatre
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
21
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
141,605
1,663,536
50,240
99
1,855,480
48,841
1,832,036
1,880,877
(25,397)
(7)
(25,404)
692,233
666,829		 Restricted
funds
£
872
161,332
-
-
162,204
-
384,692
384,692
(222,488)
7
(222,481)
718,905
496,424		 2022
Total
funds
£
142,477
1,824,868
50,240
99
2,017,684
48,841
2,216,728
2,265,569
(247,885)
-
(247,885)
1,411,138
1,163,253		 2021
Total
funds
£
199,113
1,893,255
10,548
619
2,103,535
27,231
1,605,941
1,633,172
470,363
-
470,363
940,775
1,411,138 
The notes form part of these financial statements

Page 10

SCARBOROUGH THEATRE TRUST LIMITED TRADING AS STEPHEN JOSEPH THEATRE

BALANCE SHEET 31 March 2022

Notes
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Stocks
16
Debtors
17
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
21
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2022
£
226,681
100,000
326,681
2,829
381,611
721,503
1,105,943
(269,371)
836,572
1,163,253
1,163,253
666,828
496,425
1,163,253		 2021
£
284,099
-
284,099
1,797
251,577
1,070,749
1,324,123
(197,084)
1,127,039
1,411,138
1,411,138
692,233
718,905
1,411,138		 
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to
charitable companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................
Ms H Boaden - Trustee

The notes form part of these financial statements

Page 11

SCARBOROUGH THEATRE TRUST LIMITED TRADING AS STEPHEN JOSEPH THEATRE

CASH FLOW STATEMENT For The Year Ended 31 March 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2022
£
(234,872)
(234,872)
(14,473)
(100,000)
99
(114,374)
(349,246)
1,070,749
721,503		 2021
£
685,123
685,123
(117,880)
-
619
(117,261)
567,862
502,887
1,070,749		 
The notes form part of these financial statements

Page 12

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE CASH FLOW STATEMENT For The Year Ended 31 March 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase in creditors
Net cash (used in)/provided by operations		 2022
£
(247,885)
71,892
(99)
(1,032)
(130,034)
72,286
(234,872)		 2021
£
470,363
67,124
(619)
3,362
133,316
11,577
685,123

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1.4.21
£
1,070,749
1,070,749
1,070,749		 Cash flow
£
(349,246)
(349,246)
(349,246)		 At 31.3.22
£
721,503
721,503
721,503 
The notes form part of these financial statements

Page 13

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
havebeenpreparedunderthehistoricalcostconventionwiththeexceptionofinvestments which
are included at market value.

ScarboroughTheatreTrustLimitedisacharitableprivatecompanylimitedbyguaranteein England.
Theaddressandplaceofbusinessisgiveninthecharityinformationwithinthetrusteesreport of
thesefinancialstatements.Thenatureofthecharity'soperationsandprincipalactivitiesare to
advancethearts,cultureandheritageoftheboroughofScarboroughbyproviding an
internationally recognised theatre.

The accounts are presented in £ Sterling which is functional currency of the charity.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.

Fordonationsandgrantstoberecognisedthecharitywillhavebeennotifiedoftheamounts and
thesettlementdateinwriting.Ifthereareconditionsattachedtothedonationorgrantand this
requiresalevelofperformancebeforeentitlementcanbeobtainedthenincomeisdeferred until
thoseconditionsarefullymetorthefulfilmentofthoseconditionsiswithinthecontrolofthe charity
and it is probable that they will be fulfilled.

Incomefromtradingactivitiesincludesincomeearnedfromfundraisingeventsand trading
activitiestoraisefundsforthecharity.Incomeisreceivedinexchangeforsupplyinggoods and
services in order to raise funds and is recognised when entitlement has occurred.

Incomereceivedinadvanceofatheatricalperformanceortourisdeferreduntilthe performance
has been delivered and then at that point will be recognised as income in the accounts.

Thetrust'swhollyownedsubsidiary,StephenJosephTheatreEnterprisesLimited,benefitsfrom the
receiptoftheatretaxcreditswhichitreceivesinrelationtoproductionsthatarecloselylinked to
thetheatre'sobjectsandactivities.Asaresult,thecompanydonatesthetaxcredittothetrust and
thisisrecognisedintheaccountsintheperiodtowhichtheclaimrelatestomatchthetreatment in
the subsidiary accounts.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Raising funds

Costsofgeneratingfundsarethosecostsincurredinattractingvoluntaryincomeandgrants, and
those incurred in trading activities that raise funds.

continued...

Page 14

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2022

1. ACCOUNTING POLICIES - continued

Charitable activities

Charitableactivitiesincludeexpenditureassociatedwiththestagingofstageproductions, tours,
exhibitionsandeducationalprogrammesandincludeboththedirectcostsandsupport costs
relating to these activities.

Support costs

Supportcostsincludethoseincurredinthegovernanceofthecharityanditsassetsandare primarily
associated with constitutional and statutory requirements.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Improvements to property- Over remaining period of the lease
Furniture, fixtures, fittings and
equipment- Straight line over 6 years
Motor vehicles- 20% on cost

Tangiblefixedassetsarestatedatcostorvaluationlessaccumulateddepreciation and
accumulatedimpairmentlosses.Costincludescostsdirectlyattributabletomakingthe asset
capable of operating as intended.

Stocks

Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for
obsolete and slow moving items.

Costincludesallcostsofpurchaseandiscalculatedusingthefirst-in,first-outbasis.Provision is
made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Thecharityisexemptfromcorporationtaxonitscharitableactivities.Thecompanyisregistered for
VAT on a partial exemption basis.

Fund accounting

Unrestrictedfundsareavailabletospendonactivitiesthatfurtheranyofthepurposesofthe charity.
Designatedfundsareunrestrictedfundsofthecharitywhichthetrusteeshavedecidedat their
discretiontosetasidetouseforaspecificpurpose.Restrictedfundsaregrantsanddonations which
thedonorhasspecifiedaretobesolelyusedforparticularareasoftheTrust'sworkorfor specific
projects being undertaken by the Trust.

Foreign currencies

Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchange ruling
atthebalancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingatthe rate
ofexchangerulingatthedateoftransaction.Exchangedifferencesaretakenintoaccount in
arriving at the operating result.

Pension costs and other post-retirement benefits

Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributions payable
tothecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in
the period to which they relate.

continued...

Page 15

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

1. ACCOUNTING POLICIES - continued

Going concern

BecauseofthenatureofitsactivitiestheTrust,incommonwithsimilarorganisations,is dependent
ongrantsforitscontinuingexistenceandthereisnoguaranteethatsuchaidwill continue
indefinitely.Thecompanyisalsodependentonitsbankersforworkingcapitalatcertain times.
Theseaccountshavebeendrawnuponagoingconcernbasisontheassumptionthat grant
funding and support from the Trust's bankers will continue.

ThetrusteeshaveconsideredtheimpactofCOVID-19inrelationtotheirassessmentof going
concernandintheiropinionhavetakenallreasonablestepstomitigatethesefactors.Asat the
pointofauthorisingtheaccounts,andfortheforeseeablefuture,thedirectorsconsiderthe going
concernassumptiontostillbeappropriate.Thetrusteesacknowledgethatgiventhe currently
rapidlychangingbusinessandsocialenvironment,therearelikelytobesignificantunknown factors
whichmaypresentthemselves.Suchfactorsareconsideredbythetrusteestorepresenta general
inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs.

Debtors and creditors receivable / payable within one year

Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyear are
recorded at transaction price. Any losses arising are recognised in the profit and loss account.

2. DONATIONS AND LEGACIES

Gifts
Donations		 2022
£
1
142,476
142,477		 2021
£
-
199,113
199,113 
Of the donations received in the year £872 relates to restricted funds (2021 - £1,710).

3. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Sweets and ice creams
Bar sales		 2022
£
16,401
33,839
50,240		 2021
£
2,120
8,428
10,548 
continued...

Page 16

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

4. INVESTMENT INCOME

INVESTMENT INCOME
Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
Activity
Box office income
Operation of theatre
Touring income
Operation of theatre
University income
Operation of theatre
Grants
Operation of theatre
Theatre lettings
Operation of theatre
Miscellaneous income
Operation of theatre
Outreach department
income
Operation of theatre
Government grants
Operation of theatre
Grants received, included in the above, are as follows:
Arts Council
Scarborough Borough Council
North Yorkshire County Council
Other grants
Esme Fairburn Foundation
Phillip Carne Trust
McCain's
Oak Foundation
Culture relief
Garfield Weston		 2022
£
99
2022
£
614,234
42,369
25,000
927,385
7,610
67,792
24,132
116,346
1,824,868
2022
£
759,112
116,604
20,519
1,150
-
15,000
15,000
-
-
-
927,385		 2021
£
619
2021
£
71,506
-
-
1,302,740
1,200
52,779
15,262
449,768
1,893,255
2021
£
649,449
116,604
-
6,000
40,000
10,000
15,000
5,000
222,935
237,752
1,302,740

5. INCOME FROM CHARITABLE ACTIVITIES

Of the grant received in 2022, £161,332 related to restricted funds (2021 - £521,687).

continued...

Page 17

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2022

6. RAISING FUNDS

Other trading activities

Bar, shop, sweets and ice cream purchases
Programmes
Development costs
7.
CHARITABLE ACTIVITIES COSTS
Operation of theatre
8.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rent
Water rates
Insurance
Light and heat
Telephone
Postage and stationery
Publicity and marketing
Guest directors, designers and visiting companies fees
Commissions and royalties
Production expenses
Outreach department expenses
Touring expenses
Motor expenses
Ticket printing
Theatre licences and subscriptions
Repairs and renewals
Cleaning
Miscellaneous administration
Legal and professional fees
Bank charges and interest
Merchant and spektrix charges
Irrecoverable VAT
Bad debts
Fundraising costs
Grant expenditure and transition costs
Depreciation		 Direct
Costs (see
note 8)
£
2,209,328		 2022
£
10,047
13,228
25,566
48,841
Support
costs (see
note 9)
£
7,400
2022
£
819,326
27,500
5,171
19,725
73,553
5,970
7,893
43,444
65,904
62,699
421,863
12,671
20,549
3,188
100
9,120
60,993
13,630
9,770
13,267
2,006
22,793
65,738
(760)
2,991
348,332
71,892
2,209,328		 2021
£
7,897
315
19,019
27,231
Totals
£
2,216,728
2021
£
884,464
27,500
2,827
29,172
32,104
4,910
7,942
29,282
85,603
17,664
31,604
29,508
(266)
2,618
550
7,030
50,046
3,381
5,752
-
2,313
13,501
42,283
5,336
729
213,539
67,124
1,596,516		 
continued...

Page 18

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

9. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Operation of theatre 7,400
Support costs, included in the above, are as follows:
2022 2021
Operation
of Total
theatre activities
£ £
Auditors' remuneration 6,500 5,750
Auditors' remuneration for non audit
work 900 3,675
7,400 9,425
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Auditors' remuneration 6,500 5,750
Auditors' remuneration for non audit work 900 3,675
Depreciation - owned assets 71,891 67,126

10. NET INCOME/(EXPENDITURE)

11. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norfor the
year ended 31 March 2021.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended
31 March 2021.

12. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2022
£
745,395
60,915
13,016
819,326		 2021
£
816,039
54,748
13,677
884,464 
continued...

Page 19

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

12. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:
Fundraising of voluntary income
Operation of theatre		 2022
-
-
-		 2021
1
67
68 
No employees received emoluments in excess of £60,000.

The cost of key management personnel for the year was £302,098.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Operation of theatre
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Operation of theatre
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
197,404
1,371,568
10,548
619
1,580,139
27,231
1,356,042
1,383,273
196,866
495,367
692,233		 Restricted
funds
£
1,709
521,687
-
-
523,396
-
249,899
249,899
273,497
445,408
718,905		 Total
funds
£
199,113
1,893,255
10,548
619
2,103,535
27,231
1,605,941
1,633,172
470,363
940,775
1,411,138 
continued...

Page 20

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

14. TANGIBLE FIXED ASSETS

Furniture,
fixtures,
Improvements
fittings
to
and
property
equipment
£
£
COST
At 1 April 2021
155,167
725,046
Additions
-
14,473
At 31 March 2022
155,167
739,519
DEPRECIATION
At 1 April 2021
12,414
589,100
Charge for year
3,104
66,087
At 31 March 2022
15,518
655,187
NET BOOK VALUE
At 31 March 2022
139,649
84,332
At 31 March 2021
142,753
135,946
FIXED ASSET INVESTMENTS
MARKET VALUE
Additions
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Motor
vehicles
Totals
£
£
13,500
893,713
-
14,473
13,500
908,186
8,100
609,614
2,700
71,891
10,800
681,505
2,700
226,681
5,400
284,099
Unlisted
investments
£
100,000
100,000
-

15. FIXED ASSET INVESTMENTS

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include
the following:

Stephen Joseph Theatre Enterprises Limited

Registered office:

Nature of business: Theatre Productions

%
Class of share:holding
Ordinary100

continued...

Page 21

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

16. STOCKS

Stocks
17.
DEBTORS
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Other debtors
Aggregate amounts		 2022
£
2,829
2022
£
11,331
21,420
177,600
210,351
171,260
381,611		 2021
£
1,797
2021
£
14,696
10,000
45,621		 2021
£
1,797
70,317
181,260
251,577 
OtherdebtorsfallingdueaftermorethanoneyearrelatestoaloanmadetoScarborough Theatre
DevelopmentTrustunderaloanagreementdated9January2015.Undertheagreement,the loan
wasrepayableinfullby31January2020andnointerestisdueifrepaidinfullbythatdate.The loan
was renegotiated in June 2017 to be repaid after 25 years with an interest rate of 0.25% .

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Receipts in advance
Trade creditors
Amounts owed to group undertakings
Social security and other taxes
Accrued expenses		 2022
£
81,363
32,100
12,001
12,806
131,101
269,371		 2021
£
11,312
38,059
12,040
13,003
122,670
197,084

19. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years		 2022
£
27,500
110,000
1,086,250
1,223,750		 2021
£
27,500
110,000
1,113,750
1,251,250 
The above reflect the total amounts payable over the term of the lease for the theatre premises.

continued...

Page 22

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Investments
Current assets
Current liabilities
21.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Benefactors account
Arts Council - Small Capital Grants
New Work & Talent Fund
Esme Fairburn Foundation
Theatres Trust
Phillip Carne Trust
Oak Foundation
Culture Relief Fund
Garfield Weston Foundation
COAST
Mein Trust
Early Years Project
Feast (NYCC)
Yorkshire in Business
TOTAL FUNDS		 Unrestricted
funds
£
55,667
100,000
780,532
(269,371)
666,828
At 1.4.21
£
692,233
26,663
361,512
9,181
29,149
4,307
2,240
9,880
32,221
237,752
5,000
1,000
-
-
-
718,905
1,411,138		 Restricted
funds
£
171,014
-
325,411
-
496,425
Net
movement
in funds
£
(25,398)
(1,681)
(3,104)
-
(29,156)
(2,632)
10,000
(9,880)
(3,266)
(186,378)
(4,855)
(330)
5,560
2,760
475
(222,487)
(247,885)		 2022
Total
funds
£
226,681
100,000
1,105,943
(269,371)
1,163,253
Transfers
between
funds
£
(7)
-
-
-
7
-
-
-
-
-
-
-
-
-
-
7
-		 2021
Total
funds
£
284,099
-
1,324,123
(197,084)
1,411,138
At
31.3.22
£
666,828
24,982
358,408
9,181
-
1,675
12,240
-
28,955
51,374
145
670
5,560
2,760
475
496,425
1,163,253		 
continued...

Page 23

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Benefactors account
Arts Council - Small Capital Grants
Esme Fairburn Foundation
Theatres Trust
Phillip Carne Trust
McCain's Project
Oak Foundation
Culture Relief Fund
Garfield Weston Foundation
COAST
Mein Trust
Early Years Project
Feast (NYCC)
Yorkshire in Business
TOTAL FUNDS		 Incoming
resources
£
1,855,480
872
-
-
-
15,000
15,000
-
109,663
-
-
-
12,445
8,074
1,150
162,204
2,017,684		 Resources
expended
£
(1,880,878)
(2,553)
(3,104)
(29,156)
(2,632)
(5,000)
(15,000)
(9,880)
(112,929)
(186,378)
(4,855)
(330)
(6,885)
(5,314)
(675)
(384,691)
(2,265,569)		 Movement
in funds
£
(25,398)
(1,681)
(3,104)
(29,156)
(2,632)
10,000
-
(9,880)
(3,266)
(186,378)
(4,855)
(330)
5,560
2,760
475
(222,487)
(247,885)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Benefactors account
Arts Council - Small Capital Grants
New Work & Talent Fund
Esme Fairburn Foundation
Theatres Trust
Phillip Carne Trust
Oak Foundation
Culture Relief Fund
Garfield Weston Foundation
COAST
Mein Trust
TOTAL FUNDS		 Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
495,367
196,866
692,233
27,428
(765)
26,663
364,616
(3,104)
361,512
9,181
-
9,181
26,884
2,265
29,149
7,019
(2,712)
4,307
5,280
(3,040)
2,240
5,000
4,880
9,880
-
32,221
32,221
-
237,752
237,752
-
5,000
5,000
-
1,000
1,000
445,408
273,497
718,905
940,775
470,363
1,411,138		 At
31.3.21
£
692,233
26,663
361,512
9,181
29,149
4,307
2,240
9,880
32,221
237,752
5,000
1,000
718,905 
continued...

Page 24

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Benefactors account
Arts Council - Small Capital Grants
Esme Fairburn Foundation
Theatres Trust
Phillip Carne Trust
Oak Foundation
Culture Relief Fund
Garfield Weston Foundation
COAST
Mein Trust
TOTAL FUNDS		 Incoming
resources
£
1,580,139
1,710
-
40,000
(1)
10,000
5,000
222,935
237,752
5,000
1,000
523,396
2,103,535		 Resources
expended
£
(1,383,273)
(2,475)
(3,104)
(37,735)
(2,711)
(13,040)
(120)
(190,714)
-
-
-
(249,899)
(1,633,172)		 Movement
in funds
£
196,866
(765)
(3,104)
2,265
(2,712)
(3,040)
4,880
32,221
237,752
5,000
1,000
273,497
470,363		 
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Benefactors account
Arts Council - Small Capital Grants
New Work & Talent Fund
Esme Fairburn Foundation
Theatres Trust
Phillip Carne Trust
Oak Foundation
Culture Relief Fund
Garfield Weston Foundation
COAST
Mein Trust
Early Years Project
Feast (NYCC)
Yorkshire in Business
TOTAL FUNDS		 At 1.4.20
£
495,367
27,428
364,616
9,181
26,884
7,019
5,280
5,000
-
-
-
-
-
-
-
445,408
940,775		 Net
movement
in funds
£
171,468
(2,446)
(6,208)
-
(26,891)
(5,344)
6,960
(5,000)
28,955
51,374
145
670
5,560
2,760
475
51,010
222,478		 Transfers
between
funds
£
(7)
-
-
-
7
-
-
-
-
-
-
-
-
-
-
7
-		 At
31.3.22
£
666,828
24,982
358,408
9,181
-
1,675
12,240
-
28,955
51,374
145
670
5,560
2,760
475
496,425
1,163,253 
continued...

Page 25

SCARBOROUGH THEATRE TRUST LIMITED
TRADING AS STEPHEN JOSEPH THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2022

21. MOVEMENT IN FUNDS - continued

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
Benefactors account
Arts Council - Small Capital Grants
Esme Fairburn Foundation
Theatres Trust
Phillip Carne Trust
McCain's Project
Oak Foundation
Culture Relief Fund
Garfield Weston Foundation
COAST
Mein Trust
Early Years Project
Feast (NYCC)
Yorkshire in Business
TOTAL FUNDS		 Incoming
resources
£
3,435,619
2,582
-
40,000
(1)
25,000
15,000
5,000
332,598
237,752
5,000
1,000
12,445
8,074
1,150
685,600
4,121,219		 Resources
expended
£
(3,264,151)
(5,028)
(6,208)
(66,891)
(5,343)
(18,040)
(15,000)
(10,000)
(303,643)
(186,378)
(4,855)
(330)
(6,885)
(5,314)
(675)
(634,590)
(3,898,741)		 Movement
in funds
£
171,468
(2,446)
(6,208)
(26,891)
(5,344)
6,960
-
(5,000)
28,955
51,374
145
670
5,560
2,760
475
51,010
222,478

22. RELATED PARTY DISCLOSURES

TwodirectorsalsositontheboardofScarboroughTheatreDevelopmentTrust,whoown the
freehold property from which the company operates.

Duringtheyear,rentof£27,500waspaidtoScarboroughTheatreDevelopmentTrustunderthe terms
of the lease. A loan exists between the two companies as shown in note 17 to the accounts.

23. ULTIMATE CONTROLLING PARTY

The charity is under the control of the board of trustees.

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