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|---|---|---|---|---|
|Charity Information.|||||
|Trustees'<br>Annual<br>Report|||||
|Independent|Auditor's<br>Report|||15|
|Consolidated|Statement<br>of Financial|Activities|.|19|
|Consolidated|Balance Sheet|||20|
|Consolidated|Statement<br>of Cash Flows|||21|
|Notes to the|Financial Statements. ..|||22|





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|2022. Inclu|ded|in Arts Council<br>E|ngland<br>is f1,000,000 from The|Culture<br>Recovery Fu|nd.|
|---|---|---|---|---|---|
||||||12months|
||||||recognition<br>of|
||||For the year<br>ended<br>31March 2021|For the year<br>ended<br>31March 2022|funding<br>for the<br>year ended 31<br>3uly 2022|
||||E|E||
|Leeds City Council|||587,493|540,184|540,184|
|Arts Council|En|land|1 535 853|2 585 811|2 585 811|
||||2,802,511|3,125,995|3,125,995|



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|nd expenditure<br>acco|<br>unt)|<br>||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
||Note|fundsf|funds<br>f|2022|2021<br>f|
|Income from:||||||
|Donations<br>and legacies|2,19|282,734|649,887|932,621|2,620,083|
|Commercial<br>trading<br>operations||475,093||475,093|58,640|
|Income from investments||56,464||56,464|55,289|
|Income from charitable<br>activities|3|5,214,403|540,184|5,754,587|5,650,641|
|Coronavirus<br>job Retention||||||
|Scheme||50,403||50,403|760,537|
|Total income||6,079,097|1,190,071|7,269,168|9,145,190|
|Expenditure<br>on:||||||
|Raising funds||708,742||708,742|567,727|
|Expenditure<br>on charitable||||||
|activities||6,124,708|1,304,520|7,429,228|4,299,674|
|Capital<br>Redevelopment<br>Contribution|21||||(1,181,347)|
|Total Expenditure||6,833,450|1,304,520|8,137,970|3,686,054|
|Net income / (expenditure)||||||
|before other gains / (iosses)||(754,353)|(114,449)|(868,802)|5,459,136|
|(Losses)/gains<br>from investments|12|(19,514)||(19,514)|94,041|
|Net movement<br>in funds||(773I867)|(114I449)|(888r316)|5~5531177|
|Reconciliation<br>offunds:||||||
|Total funds<br>brought<br>forward|19,20|4,420,706|6,178,517|10,599,223|5,046,046|
|Total funds carried forward|19,20|3,646,839|6,064,068|9,710,907|10,599,223|





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|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
||||Note|2022<br>f.|2021f|2022f|2021<br>f.|
|Fixed assets||||||||
|Tangible assets|||11|5,804,835|6,173,998|5,804,835|6,173,998|
|Investments|||12|660,733|680,247|660,735|680,249|
|||||6,465,568|6,854,245|6,465,570|6,854,247|
|Current assets||||||||
|Stocks|||13|37,077|24,808|20,164|13,096|
|Debtors|||14|1,802,876|1,572,776|1,960,680|2,110,537|
|Cash at bank and|in hand|||4,417,601|4,956,170|4,270,840|4,388,893|
|||||6,257,555|6,553,754|6,251,684|6,512,526|
|Current<br>liabilities||||||||
|within<br>one year|||15|(2,072,186)|(1,547,796)|(1,993,789)|(1,457,949)|
|Net current assets||||4,185,369|5,005,958|4,257,895|5,054,577|
|Total assets less current<br>liabilities||||10,650,937|11,860,203|10,723,465|11,908,824|
|Creditors:<br>amounts|falling|due|17|(940,030)|(1,260,980)|(895,030)|(1,215,980)|
|after more than one year||||||||
|||||9,710,907|10,599,223|9,828,435|10,692,844|
|Funds ofthe charity||||||||
|Restricted<br>funds|||19|6,064,068|6,178,517|6,064,068|6,178,518|
|Unrestricted<br>funds|||19|3,646,839|4,420,706|3,764,367|4,514,326|
|||||9,710,907|10,599,223|9,828,435|10,692,844|





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||||||2022|2021|
|---|---|---|---|---|---|---|
|Reconciliation<br>ofcashflow from|operating|||activities|||
|Net (expenditure)/income<br>for the year|||||(888,316)|5,553,177|
|Depreciation|||||419,421|427,354|
|Losses/(Gains)<br>on investments|||||19,514|(94,041)|
|(Profits)/Losses<br>on sale of fixed assets||||||700|
|Investment<br>income|||||(56,462)|(55,289)|
|(Increase)/Decrease<br>in stocks|||||(12,269)|7,618|
|(Increase)/Decrease<br>in debtors|||||(230,099)|2,051,413|
|Increase/(Decrease)<br>in creditors|||||218,551|(159,681)|
|Net cash (used in)/provided<br>by|operating|||activities|(470,656)|7,731,251|
|Cash inflow from investing<br>activity|||||||
|Income from investments|||||56,464|55,289|
|Purchase<br>of tangible<br>fixed assets|||||(50,258)|(323,354)|
|Cash inflow from financing<br>activity|||||6,206|(268,065)|
|Payment<br>of finance lease obligations|||||(74,119)|(69,792)|
|Other loans repaid/(advanced)||||||(3,361,242)|
|Cash provided<br>used in financing|activities||||(74,119)|(3,431,034)|
|Change<br>in cash and cash equivalents||in|the year||(538,569)|4,032,152|
|Cash and cash equivalents<br>at the beginning|||of|the year|4,956,170|924,018|
|Cash and cash equivalents<br>at the end of||the|year||4,417,601|4,956,170|
|Analysis ofchanges<br>in net debt|||||||



|nalysis o|fchang|es|in net debt||||
|---|---|---|---|---|---|---|
|||||1August 2021|Cashflows|313uly 2022|
|||||f.|f.|f.|
|Cash at bank and||in|hand|4,956,170|(538,569)|4,417,601|
|Borrowin|s excludin||overdrafts|1 605 341|119 119|1486 222|
|Net debt||||3335829|419450|2931379|





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|2<br>Income from donati|ons|and l|egacies||||
|---|---|---|---|---|---|---|
||||||2022<br>f|2021<br>f|
|Donations<br>(Unrestricted)|||||282,734|1,036,180|
|In addition<br>to the unrestricted|voluntary||income above, the Trust has received||restricted|grant income|
|of E1,190,071 (2021 E1,583,903), which|||is analysed|in note 19.|||
|3<br>Income from charitable||activities|||||
||||||2022|2021|
||||||f.|f.|
|Core funding/performance|grants:||||||
|—Arts Council<br>England||||1,585,811||1,465,670|
|- Culture<br>Recovery<br>Fund||||1,000,000||3,000,000|
|—Leeds City Council|||||540,184|587,493|
|||||3,125,995||5,053,163|
|Income from theatre productions:|||||||
|Admission<br>charges||||1,753,157||408,402|
|Co-production<br>income|||||339,380|70,337|
|Recharge<br>income|||||21,340|675|
|Touring<br>out|||||107,396||
|Creative engagement:<br>education||and event income|||137,077|40,991|
|Other income|||||320,645|77,073|
|||||5,804,990||5,650,641|





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## 

## 

## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
|Income|||||6,794,074|9,045,050|
|Expenditure|on|charitable||activities|(7,394,225)|(3,229,708)|
|Expenditure|on|raising<br>funds|||(244,745)|(262,336)|
|(Losses)/Gains||on|investments||(19,512)|94,041|
|Net movements||in|funds||(864,408)|5,647,047|
|Total funds|brought||forward||10,692,843|5,045,797|
|Total funds|carried||forward||9,828,435|10,692,844|
|Represented||by:|||||
|Restricted|funds||||6,064,068|6,178,518|
|Unrestricted|funds||||3,764,367|4,514,326|
||||||9,828,435|10,692,844|



|(Enterprises)<br>Limited||is shown<br>b|elow.|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f.|f.|
|Turnover||||4,024,462|1,368,491|
|Other income —CjRS||government|grants|38,511|41,501|
|Cost of sales||||(3,736,020)|(1,324,260)|
|Gross profit||||326,953|85,732|
|Administrative<br>expenses||||(351,003)|(179,517)|
|Operating<br>profit||||(24,050)|(93,785)|
|Interest<br>receivable||||146|162|
|Operating<br>(loss)/profit||||(23,904)|(93,623)|
|Tax on (loss)/profit|on ordinary||activities|||
|Loss for the financial||year after taxation||||
|||||(23,904)|(93,623)|





## 

## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f.||
|Current assets|||||903,931|1,225,507|
|Creditors:|amounts|falling|due within|one year|(976,209)|(1,273,880)|
|Creditors:|amounts|falling|due after|one year|(45,000)|(45,000)|
|Total net|assets||||(117,278)|(93,373)|
|Share capital and||reserves|||(117,278)|(93,373)|



## 

## 

|, ,<br> <br> <br>from corporation<br>tax under the provisions<br>oftha<br>10<br>Staff costs|t section.||
|---|---|---|
||Group<br>2022|2021|
||f.||
|Wages and salaries|3,116,730|2,528,333|
|Redundancy|1,713|9,052|
|Social security costs|263,141|215,058|
|Pension costs|59,525|57,470|
||3,441,109|2,809,913|



|The average<br>number<br>offull-time<br>equivalent<br>employee<br>period was as follows:|s<br>(including<br>casual and part-time<br>staff)|during<br>th|
|---|---|---|
||Group<br>2022|2021|
||Number|Number|
|Trading|19|12|
|Stage performances|38|36|
|Box office and front of house|44|42|
|Creative<br>Engagement|20|26|
|Administration|38|24|
||159|140|



|2022|2021|
|---|---|
|Number|Number|





## 

## 

## 

## 

## 

## 

|Group an|d company|||||
|---|---|---|---|---|---|
|||||Fixtures,||
|||Freehold<br>land and|Long<br>Leasehold|Fittings<br>and motor||
|||buildings|buildings|vehicles|Total|
|||f.|f.|||
|Cost||||||
|At 31july|2021|467,578|14,041,461|1,518,464|16,027,503|
|Additions||||50,258|50,258|
|Disposals||||||
|At 31july|2022|467,578|14,041,461|1,568,722|16,077,761|
|Depreciation||||||
|At 31july|2021|125,446|8,720,333|1,007,726|9,853,505|
|Provided|in the period|6,537|280,000|132,884|419,421|
|Eliminated|on disposal|||||
|At 31july|2022|131,983|9,000,333|1,140,610|10,272,926|
|Book values||||||
|At 31july|2022|335,595|5,041,128|428,112|5,804,835|
|At 31july|2021|342,132|5,321,128|510,738|6,173,998|





## 

## 

## 

## 

|Group and com|pany||
|---|---|---|
|||Listed|
|||Investments|
|||f.|
|Cost or valuation|||
|At 31july 2021||680,247|
|Less: sale of investments|||
|Net investment|gains/(losses)|(19,514)|
|At 31july 2022||660,733|
|Net book amount|||
|At 31july 2022||660,733|
|At 31july 2021||680,247|



|The allocation<br>of|investments<br>held at the period end w|as as follows:||
|---|---|---|---|
|||2022|2021|
|||f.|f.|
|UK and overseas|equities|394,567|443,707|
|UK and overseas|Fixed interest|67,259|65,593|
|Short term cash deposits||198,907|170,947|
|Book value at 31july||660,733|680,247|
|Historical cost at|31july|551,975|538,064|



## 

## 

|||||||Group<br>2022|2021|Charitable<br>2022|company<br>2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||f.|f.|f.|f.|
|Raw|materials|and|goods|for|resale|37,077|24,808|20,164|13,096|





## 

## 

## 

||||Group<br>2022f|Group<br>2022f|2021<br>f|Charitable<br>2022<br>f|company<br>2021<br>f|
|---|---|---|---|---|---|---|---|
|Trade debtors|||120,970||150,427|95,675|134,810|
|Debtors arising|on operations||29,570||7,914|28,116|7,914|
|Other debtors|||896,669||181,818|186,820||
|Other taxes and|social security||21,671||123,225|21,671|123,225|
|Prepayments|||407,082||405,096|403,425|404,997|
|Accrued<br>income|||326,914||704,296|326,914|704,057|
|Amounts<br>owed|by subsidiary|undertaking||||898,059|735,534|
||||1,802,876|1,572,776||1,960,680|2,110,537|



|||||1,802,876|1|,572,776|1,960,680|2,110,537|
|---|---|---|---|---|---|---|---|---|
|15||Creditors: amounts||falling due within one year|||||
|||||Group<br>2022f||2021<br>f|Charitable<br>2022<br>f|company<br>2021<br>f|
|Trade|creditors|||246,594||267,110|232,851|258,620|
|Other|taxes and social security|||80,947||70,259|69,669|65,519|
|Other|creditors|||43,639||167,869|36,758|116,700|
|Finance||lease creditor||58,588||80,094|58,588|80,094|
|Loans|—Leeds City Council|||532,604||264,267|532,604|264,267|
|Amounts||owed to subsidiary|undertaking||||||
|Accruals||||416,035||370,327|375,040|344,879|
|Deferred||income (note 18)||693,779||327,870|688,279|327,870|
|||||2,072,186|1,547,796||1,993,789|1,457,949|



## 

|Future|minimum|minimum|lease payments:|Group<br>2022f|2021<br>f|Charitable<br>2022<br>f|company<br>2021<br>f|
|---|---|---|---|---|---|---|---|
|Amounts|due|within|one year|60,070|76,316|60,070|76,316|
|Amounts|due|in two to five years|||66,599||66,599|
|||||60,070|142,915|60,070|142,915|
|Less future finance|||changes|(1,482)|(10,208)|(1,482)|(10,208)|
|||||58,588|132,707|58,588|132,707|



|Future|minimum|minimum|loan payments:|Group<br>2022f<br>2021<br>f|Group<br>2022f<br>2021<br>f|Charitable<br>2022<br>f|company<br>2021<br>f|
|---|---|---|---|---|---|---|---|
|Amounts|due|within|one year|572,506|286,253|572,506|286,253|
|Amounts|due|in two to five years||948,369|1,234,622|948,369|1,234,622|
|||||1,520,875|1,520,875|1,520,875|1,520,875|
|Less future finance|||changes|(93,241)|(93,241)|(93,241)|(93,241)|
|||||1,427,634|1,427,634|1,427,634|1,427,634|





## 

## 

## 

## 

||Group<br>2022|Group<br>2022|2021|Charitable<br>2022|company<br>2021|
|---|---|---|---|---|---|
||f.||f.|f.|f.|
|Other creditors||||||
|Finance lease creditor|||52,613||52,613|
|Loans - Leeds City Council|895,030|1,163,367||895,030|1,163,367|
|Other loans|45,000||45,000|||
||940,030|1,260,980||895,030|1,215,980|



## 

|||Group<br>2022<br>f.|2021<br>f|Charitable<br>2022<br>f.|company<br>2021<br>f|
|---|---|---|---|---|---|
|At 1 August 2021||327,870|557,482|327,870|557,482|
|Released|in year|(327,870)|(557,482)|(327,870)|(557,482)|
|Deferred|in year|693,779|327,870|688,279|327,870|
|At 31july|2022|693,779|327,870|688,279|327,870|





## 

## 

## 

|For the year ended <br>3uly 2022|31|Balance at<br>313uly<br>2021|Movement<br>Income|in period<br>Expenditure|Transfers<br>between<br>funds|Balance at<br>313uly<br>2022|
|---|---|---|---|---|---|---|
|Restricted<br>Funds||E||E||E|
|Grants ofa capital nature:|||||||
|Front of House Improvements||109,554||(5,128)||104,426|
|Premises<br>fund - long|leasehold||||||
|theatre<br>complex||5,301,971||(280,000)||5,021,971|
|Total capital grants||5,411,525||(285,128)||5,126,397|
|Grants ofa revenue|nature:||||||
|Theatre of Sanctuary||10,000|10,000|(25,123)||(5,123)|
|Theatre redevelopment|project|38,841|40,250|||79,091|
|Roof Project||421,038|250,000|(16,853)||654,185|
|Leeds City Council|||540,184|(540,184)|||
|The Liz and Terry Bramall|||||||
|Charitable<br>Trust|||||||
|National<br>Lottery Community|||||||
|Fund|||96,569|(96,569)|||
|ACE Celebrating<br>Age||36,030||(36,030)|||
|Esmee Fairbairn|||66,159|(66,159)|||
|Literary<br>fund K Play Enabling||25,233|21,233|(32,237)||14,229|
|Ramps<br>On The Moon||23,108|21,023|||44,131|
|Innovations<br>in Dementia|||4,833|(5,000)||(167)|
|ACE Action Research||99,160||(6,234)||92,926|
|Andrew<br>Lloyd Webber|||||||
|Foundation||12,503||(11,461)||1,042|
|Comic Relief||23,744|19,849|(34,770)||8,823|
|Stage One Theatre Investment|||||||
|Fund||653||(652)|||
|Creative Arts S.Dementia|||||||
|project||352||||352|
|Emerald<br>Foundation||75,000|50,000|(75,000)||50,000|
|Talent Development||(1,827)||||(1,827)|
|Weston Jerwood<br>Fellowship||2,153|6,971|(9,124)|||
|Society for Theatre Research||1,000|0|(996)|||
|Burberry<br>Inspire|||63,000|(63,000)|||
|Total revenue<br>grants||766,992|1,190,071|(1,019,392)||937,671|
|Total Restricted<br>Funds||6g178I517|lf190g071|(ig304g520)||6,064,068|





## 

## 

|For the year to 313uly 2022|For the year to 313uly 2022|Balance at<br>313uly<br>2021|Movement<br>Income|in period<br>Expenditure|Designations|Balance at<br>313uly<br>2022f|
|---|---|---|---|---|---|---|
|Unrestricted<br>Funds|||||||
|Designated:|||||||
|Capital<br>Equipment|fund|87,250|||87,250|174,500|
|Roof Replacement|fund|430,000|150,000||168,000|748,000|
|Grant Specific designations||608,282||(517,305)||90,977|
|Covid-19 Recovery|fund|721,380||(463,503)|500,000|757,877|
|Total Designated|funds|1,846,912|150g000|(980~808)|755g250|1~771g354|
|Unrestricted<br>—general:|||||||
|Unrestricted<br>funds||2,573,794|5,929,097|(6,627,406)||1,875,485|
|Total Unrestricted|Funds|4g420g706|6g079g097|(7g608g214)|755I250|3g646g839|





## 

|For the year ended <br>3uly 2021|31|Balance at<br>313uly<br>2020|Movement<br>Income|in period<br>Expenditure|Transfers<br>between<br>funds|Balance at<br>313uly<br>2021|
|---|---|---|---|---|---|---|
|Restricted<br>Funds||E||E||E|
|Grants ofa capital nature:|||||||
|Front of House Improvements|||128,711|(19,157)||109,554|
|Premises<br>fund - long|leasehold||||||
|theatre<br>complex||5,581,972||(280,000)||5,301,971|
|Total capital grants||5,581,972|128,711|(299,157)||5,411,525|
|Grants ofa revenue|nature:||||||
|Theatre of Sanctuary||10,000||||10,000|
|Theatre redevelopment|project|(802,294)|841,135|||38,841|
|Roof Project|||431,708|(10,670)||421,038|
|Leeds City Council|||587,493|(587,493)|||
|The Liz and Terry Bramall|||||||
|Charitable<br>Trust||32,272||(32,268)|||
|National<br>Lottery Community|||||||
|Fund||6,745||(6,745)|||
|ACE Celebrating<br>Age||9,995|26,035|||36,030|
|Esmee Fairbairn||66,159||(66,159)|||
|Literary<br>fund 5 Play Enabling||21,233|4,000|||25,233|
|Ramps<br>On The Moon||14,998|8,110|||23,108|
|ACE Action Research||105,394||(6,234)||99,160|
|Andrew<br>Lloyd Webber|||||||
|Foundation||2,503|10,000|||12,503|
|Comic Relief||23,744||||23,744|
|Stage One Theatre Investment|||||||
|Fund||8,518||(7,865)||653|
|Creative Arts S.Dementia|||||||
|project||351||||351|
|Emerald<br>Foundation||60,000|50,000|(35,000)||75,000|
|Talent Development||(3,857)|18,500|(16,470)||(1,827)|
|Weston Jerwood<br>Fellowship|||5,704|(3,551)||2,153|
|Society for Theatre Research||1,000||||1,000|
|Burberry<br>Inspire|||60,000|(60,000)|||
|Total revenue<br>grants||(443,239)|2,042,685|(832,455)||766,991|
|Total Restricted<br>Funds||Sg138g733|2g17lg396|(ig131g612)||6,178,517|





## 

|For the year to 313uly 2021|For the year to 313uly 2021|Balance at<br>313uly<br>2020|Movement<br>Income|in period<br>Expenditure|Designations|Balance at<br>313uly<br>2021f|
|---|---|---|---|---|---|---|
|Unrestricted<br>Funds|||||||
|Designated:|||||||
|Capital<br>Equipment|fund|19,817||(19,817)|87,250|87,250|
|Roof Replacement|fund||||430,000|430,000|
|Grant Specific designations|||||608,282|608,282|
|Covid-19 Recovery|fund||||721,380|721,380|
|Total Designated|funds|19,817||(19g817)|lg846~912|1~846gg12|
|Unrestricted<br>—general:|||||||
|Unrestricted<br>funds||(112,504)|6,973,794|(2,440,582)|(1,846,912)|2,573,794|
|Total Funds||(92,687)|6,973,794|(2,460,399)||4,420,706|





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|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
||Note|fundsf|funds<br>f|2021<br>E|2020<br>f|
|Income from:||||||
|Donations<br>and legacies|2,19|1,036,180|1,583,903|2,620,083|1,008,907|
|Commercial<br>trading<br>operations||58,640||58,640|588,915|
|Income from investments||55,289||55,289|57,614|
|Income from charitable<br>activities|3|5,063,148|587,493|5,650,641|6,036,118|
|Coronavirus<br>job Retention||||||
|Scheme||760,537||760,537|621,449|
|Total income||6,973,794|2,171,396|9,145,190|8,313,003|
|Expenditure<br>on:||||||
|Raising funds||262,336|305,391|567,727|741,788|
|Expenditure<br>on charitable||||||
|activities||3,473,453|826,221|4,299,674|7,691,133|
|Capital<br>Redevelopment<br>Contribution|21|(1,181,347)||(1,181,347)||
|Total Expenditure||2,554,442|1,131,612|3,686,054|8,432,921|
|Net income / (expenditure)||||||
|before other gains / (losses)||4,419,352|1,039,784|5,459,136|(119,918)|
|(Losses)/gains<br>from investments|12|94,041|-|94,041|(49,431)|
|Net movement<br>in funds||4r513r393|1r039r784|Sr553r177|(169r349)|
|Reconciliation<br>offunds:||||||
|Total funds<br>brought<br>forward|19,20|(92,687)|5,138,733|5,046,046|5,215,395|
|Total funds carried forward|19,20|4,420,706|6,178,517|10,599,223|5,046,046|