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2021-07-31-accounts

Page
Chair's Report
Directors' Report 2-12
Statement
ofTrustees'		 Responsibilities 13
Independent
Auditors'		 Report 14 —16
Accounting
Policies		 17 —18
Consolidated
Statement		 of Financial Activities
Charitable
Company		 Statement of Financial Activities 20
Balance Sheets 21
Consolidated
Cash Flow		 Statement 22
Notes on Accounts 23 - 38

The directors, who are also trustee s of the charity,
dur
Mr Stephen Betts
Ms Ruth Bourne
Mr John Cowling (resigned 29June 2021)
Dr Anni Domingo (appointed 13May 2021)
Mr Mike Drabble (resigned 16July 2021)
Mrs Mojisola Elufowoju (resigned 1 October 2021)
Mrs Surriya Falconer
Mr James Garnett (appointed 13May 2021)
Ms Mary Heyler (resigned 28 May 2021)
Dame Julie Kenny (resigned 29 June 2021)
Lord Kerslake
Ms Eleanor Lang (appointed 13May 2021)
Ms Rosie Neave
Mr Neil MacDonald (appointed 22January 2021)
Ms Kirsten Major (appointed 13May 2021)
Ms Anne Marie Murphy
Mr John Pickering (appointed 13May 2021)
Mr Sioned Richards (appointed 16July 2021)
Mr Giles Searby (resigned 29June 2021)
Mr Arun Singh
Mr Umar Zamman (appointed 13May 2021)

SHEFFIELD THEATRES TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SHEFFIELD THEATRES TRUST The extent to vihich our prrKedures ￿e capable of detecting rregularities, Ind￿Jing fraud is detailed below. The parent charitable company is subj'ect to la￿ and re￿latIonS that directly arvj indirectly affecl the financial slalemenls. Based on our underslandirvJ of the charty arKI Ihe environment bt operales wtlhin. we delermined that the laws and regulations whth were most signrficant ¥Kluded FRS 102 and the Companies Act 2006. We considered the extent to ￿lch norkcompliance with these la￿ and reguLAlions might have a material effect on the financial slalements, including howfraud fflight o¢¢ur. We evaluated management's incentives s￿1 opwrtunilies forfraudulenl manipulalion of the financial statements linduding the risk of override of controls), and determined that the principal risks were relaled to the posling of inappropriate journal enlries lo improve the Charity's result fcrf the period, and management bias in key acc(NJnting estimates. Audit sxocedures performed by the eng&3ement team indvded.. Discussions with management arKI Ihose re$ponsiNe for legal compliance procedures vAthin the pwenl charitable company lo obtain an understanding of the lega and regulatory framework applKable lo the charity and how the charily complies Vith that frameth, induding con5Kleration of known or suspected installces of non-compliance with laws and regulations and fraud.. Reviewing minules of Trustee meetings. Idenirfying and assessing the design effectiveness of controls thal mar0gement has in place to pr&venl and detect fraud and r￿n-complian￿ with law5 and regulation5: Challenging assumptions and judgements made by management in Ihew significant ac¢ounling estimates. Identifying and testing journal entries. in particuLar anyiournal entries FK¥Sted y￿h unusual account combinations or wsled by senior management. There are inherent limitations in the audtt procedures de￿bed above and the more removed non-compliance with law5 and regulations is from the events and transactions reflecled in the financial slalements. the less likely we are lo become aware of it. Also, the risk of not deleclirMJ a materia misslatemenl due to fraud is higher than the risk of not detecting one resulting fr(4m error. as fraud may involve ddiberate concealment by, for example. forgery or intentional misrepresentations, or through cdlusion. A furthw description of our responsibli ities is availabk on the Financial Rep)rting Council's website at www.frc.org.uklayditcKslaudit-assurar￿lwdI1Or-S-re$￿nslt￿liIle$4or-Ihe-audlt-Of-the-r￿descrlptIon-of-1he-audI1or's- responsibililies-for. This description forms pwl of our audil(Y's rewt. This repr￿ is made scAely to the parent charitsble compan￿$ members, as a body, in accordance with Chapter 3 of Part 16 of the Compantes Act 2006. Our a￿rt work has been undertaken so that we might stale lo the parent charitable ¢ompany s members those matters Ve are required lo stale lo them in an auditor's report and for no other purpose. To the fullest exlenl pemiitte(I by law. V￿ do nol accept or assume responsibility lo anyone other than the parent charitable company and the parent charitable CoMpan￿S members as a body, for our audit work, for isre or for the opinKins we have fomied. Simon 8laden, Senior Statutory Auditor For aThJ on behalf Hawsons Chartered Accountants. Slatulcry 17 feLr4•tty Z02I Pegasus House 463a Glossop Road Sheff￿d SIO 2QD 16

EAR ENDED 31 JULY 2021
Unrestricted Restricted 2021 2020
Notes Funds Funds Total Total
6 E E
Incoming Resources
Incoming resources from
generated
funds:
Donations
and legacies		 2 5,265,136 702,400 5,967,536 2,514,259
Other trading
activities		 3 747,947 747,947 1,196,294
Investment
income		 5,194 5,194 38,834
Incoming resources
from
charitable
activities		 4 1,377,673 1,377,673 6,836,856
Total incoming resources 7,395,950 702,400 8,098,350 10,586,243
Resources expended
Raising funds 6,888 6,888 36,830
Fundraising
trading:
Costs ofgoods sold and other costs 502,047 502,047 1,350,029
Charitable
activities		 10 3,966,255 219,629 4,185,884 10,002,065
Other costs 11 17,750 17,750 16,610
Total resources expended 4,492,940 219,629 4,712,569 11,405,534
Net Incoming/(Outgoing)
Resources		 2,903,010 482,771 3,385,781 (819,291)
Tax credit on ordinary
activities		 22 76,878 76,878 275,271
Net Incoming Resources 7 2,979,888 482,771 3,462,659 (544,020)
before Transfers
Transfers
between funds
Net Movement
in Funds		 2,979,888 482,771 3,462,659 (544,020)
Fund balances brought
Forward at 1 August 1,328,410 5,590,726 6,919,136 7,463,156
Fund balances carried 12
forward
at 31 July		 4,308,298 6,073,497 10,381,795 6,919,136

Unrestricted Restricted 2021 2020
Notes Funds Funds Total Total
F
Incoming Resources
Incoming resources from
generated
funds;
Donations
and legacies		 2 3,041,156 702,400 3,743,556 392,054
Other trading activities 3 79,111 79,111 381,124
Investment
income		 5,194 5,194 38,834
Income from intercompany
recharges		 1,708,219 1,708,219 2,790,789
Incoming resources
from
charitable
activities		 4 1,040,664 1,040,664 849,199
Total incoming
resources		 5,874,344 702,400 6,576,744 4,451,999
Resources expended
Raising funds 6,888 6,888 35,130
Charitable
activities		 3,060,878 3,060,878 4,159,055
Other costs 11,750 11,750 9,600
Total resources expended 3,079,516 3,079,516 4,203,785
Net Incoming Resources 2,794,828 702,400 3,497,228 248,214
Fund balances
brought
Forward at 1 August 732,109 732,109 483,895
Fund balances carried
forward at 31July 3,526,937 702,400 4,229,337 732,109

Notes 2021 2020
Group Company Group Company
f f f
FIXEDASSETS
Tangible assets 14 5,530,565 5,817,595
Investment
in subsidiaries		 16 90,234 90,234
Goodwill 17
5,530,565 90,234 5,817,595 90,234
CURRENT ASSETS
Stock 18 26,606 40,216
Debtors 19 1,249,207 790,051 1,443,317 1,103,080
Cash at bank and in hand 20 10,126,953 7,817,238 4,957,386 2,997,375
11,402,766 8,607,289 6,440,919 4,100,455
CREDITORS - Amounts
Falling due within one year 21 6,551,536 4,468,186 5,339,378 3,458,580
NET CURRENT ASSETS 4,851,230 4,139,103 1,101,541 641,875
NET ASSETS 10,381,795 4,229,337 6,919,136 732,109
RESERVES 12
Restricted
funds		 6,073,497 702,400 5,590,726
Designated
funds		 1,077,335 596,000 627,335 196,000
General funds 3,230,963 2,930,937 701,075 536,109
10,381,795 4,229,337 6,919,136 732,109

2021 2020
6
Cash flow from operating activities 5,164,373 (2,917,918)
Cash flow from investing activities
Capital expenditure
—purchase
oftangible
assets		 fixed (4,318)
Capital expenditure
—capital project expenditure
Interest received 5,194 38,834
Net cash flow from investing
activities		 5,194 34,516
Net increase/(decrease) in cash and cash equivalents 5,169,567 (2,883,402)
Cash and cash equivalents
August		 at 1 4,957,386 7,840,788
Cash and cash equivalents at 31 July 10,126,953 4,957,386
Cash and cash equivalents
consists of:
Cash at bank and
in hand		 10,126,953 4,957,386

2021 2021 2020 2020
E E 6 E
Group Company Group Company
Unrestricted
Arts Council
England		 1,520,224 1,829,739
Sheffield City Council 291,600 291,600
Sheffield City Council - Covid-19 Support 181,864
DCMS —Culture Recovery Fund 3,000,000 2,770,224
Ramps on the Moon 7,500 7,500 7,500 7,500
Sheffield Town Trust 1,000 1,000
Directors Scheme (RTYDS) 16,209 16,209
Donations,
Gifts and Legacies		 247,739 247,223 384,420 383,554
Total unrestricted 5,265,136 3,041,156 2,514,259 392,054
Restricted
Garfield Weston Culture Fund 702,400 702,400
5,967,536 3,743,556 2,514,259 392,054

2021 2020
Group Company Group Company
9 E 6 6
Fundraising trading —Offstage 490,243 59,111 739,642 338,624
Limited (note 4a)
Fundraising trading —Crucible 59,490 270,457
Enterprises Limited (note 4b)
Coronavirus job retention scheme 93,601 158,695
Other 104,613 25,000
Management fees 20,000 2,500 42,500
747,947 79,111 1,196,294 381,124
INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Group Company Group Company
6 f F E
Unrestricted
Ticket and related sales 513,269 176,260 6,176,873 214,215
Coronavirus job retention scheme 864,404 864,404 634,983 634,983
Other 25,000
Ticket and related sales 1,377,673 1,040,664 6,836,856 849,198

fstage
Limited		 —P rofi t a nd I oss Accoun t
2021 2020
f f.
Turnover 490,243 739,642
Cost ofsales (26,255) (302,158)
Distribution
costs		 (223,220) (555,077)
Administration (90,832) (69,573)
Other operating income 126,770 245,482
Interest receivable 795
Net profit 276,706 59,111
Retained
earnings		 brought forward 59,111 338,624
Gift aid payments to Sheffield Theatres Crucible Trust (59,111) (338,624)
Retained
in Offstage		 Limited 276,706 59,111
Cost ofgoods sold and other costs included in consolidated statement 2021 2020
offinancial
activities:		 Group Group
f f
Cost ofsales 26,255 302,157
Distribution
costs		 223,220 555,077
Administration 63,332 14,573
Staff recharges (19,078) (86,786)
Interest receivable (795)
293,729 784,226
Less amounts included in governance costs (4,500) (4,530)
289,229 779,696

Crucible Enterprises Limited —Profit Limited —Profit and Loss Account Loss Account
2021 2020
F f
Turnover 59,490 270,457
Cost ofsales (20,628) (119,568)
Distribution
costs		 (96,773) (150,392)
Administration (19,039) (31,230)
Other operating
income		 90,521 25,000
Interest receivable 658
Net profit/(loss) 13,571 (5,075)
Gift aid payments to Sheffield Theatres Trust
Retained
in Crucible Enterprises		 Limited 13,571 (5,075)
Cost ofgoods sold and other costs included in consolidated statement of 2021 2020
financial
activities:		 Group Group
6 6
Cost ofsales 20,628 119,568
Distribution
costs		 96,773 150,392
Administration 14,039 21,230
Interest receivable (658)
131,440 290,532
Less amounts
included		 in governance costs (3,500) (3,250)
127,940 287,282

2021 2020
6 6
Production
Agreement		 Income 567,828 1,990,833
Cost ofsales
Production
costs		 (565,056) (1,579,913)
Staff costs (75,649) (681,716)
Administration (4,000) (4,475)
Interest receivable
Net loss (76,877) (275,271)
Tax credit on ordinary activates 76,878 275,271
Retained
in Sheffield Crucible Productions		 Limited
Cost ofgoods sold and other costs included in consolidated statement of 2021 2020
financial
activities:		 Group Group
E
Cost of sales
Production costs 565,056 1,579,913
Staff costs 75,649 681,716
Administration 4,475
640,705 2,266,104
Less amounts included in governance costs (4,000) (4,475)
636,705 2,261,629

2021 2020
Group Company Group Company
E F. E E
Staff costs comprised:
Wages and salaries 2,321,381 2,152,871 3,657,305 3,045,493
Social security costs 178,143 167,834 264,830 232,579
Other pension costs 183,743 178,120 232,220 215,198
Redundancy
costs		 98,185 59,407
2,781,452 2,558,232 4,154,355 3,493,270
e average
number
of full time equivalent		 employees for the year was:
2021 2020
Group Company Group Company
Number Number Number Number
Management, finance and
administration 10 10 11 11
Programme,
production		 and technical 34 34 55 55
Education
and		 outreach 5 5 5 5
Marketing
and		 audience development 26 26 32 32
Maintenance, cleaning and
support services 18 18 16 16
Catering, bars and commercial 9 25
Front of house 11 12 12
113 104 156 131

2021 2020
Group Company Group Company
f f f f.
This is stated after charging:
Auditors' remuneration
as auditors 29,750 11,750 28,865 9,600
Depreciation
and amortisation		 287,030 278,311
Operating lease rentals:
Land and buildings 86,000 46,397
And after crediting:
Interest receivable 5,194 5,194 38,834 38,834

2021 2020
Group Group
E
Net outgoing resources 3,462,659 (544,020)
Net interest (receivable) (5,194) (38,834)
Net Incoming/(outgoing) resources from operations 3,457,465 (582,854)
Depreciation and amortisation 287,030 278,311
Decrease
in		 stock 13,610 8,809
Decrease/(increase)
in		 debtors 194,110 (170,919)
Increase/(decrease)
in		 creditors 1,212,158 (2,451,265)
Net cash inflow/(oufflow) from operating activities 5,164,373 (2,917,918)
9 COSTS OF RAISING FUNDS
2021 2020
Group Group
L F
Fundraising 6,888 36,830

10 EXPENDITURE ON CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES
Group Company Group Company
2021 2021 2020 2020
Production
Costs		 E 6 6
Wages and salaries 28,652 28,652 29,252 29,252
Scenery, costumes
and materials		 29,731 3,755 115,628 96
Production
Services		 321,690 1,877,966
Royalties and commissioning fees 2,089 134,484
Additional
directors',		 designers' and
other guests' fees 31,061 26,195 12,267 272
Indirect production
consumables		 27,297 41,586
Miscellaneous 22,722 352 53,258 6,156
Education
project costs		 117,377 94,241 159,788 111,476
Visiting companies fees and other costs 24,180 9,457 3,102,991 32,943
Re-charge to co-producers and
visiting companies 4,555 (375,874)
Hire costs (148) 10,145
Programme
costs		 2,452 30,645 30,033
Licence and subscriptions 1,667 1,437 2,436 1,725
613,325 164,089 5,194,572 211,953
Staff Costs
Wages and salaries 2,105,051 2,104,857 2,828,893 2,807,296
Training,
recruitment		 and other costs 64,899 49,518 11,972 11,033
2,169,950 2,154,375 2,840,865 2,818,329
Establishment
Costs
Rent, rates and insurance 173,310 26,533 179,434 21,542
Heat and power 47,466 60,844 180
Electricity 72,796 143,733
Repairs and renewals 84,564 19,013 214,836 29,405
Waste disposal 4,056 18,110 1,593
Depreciation 219,629 210,540
601,821 45,546 827,497 52,720
Selling Costs
Publicity and advertising 152,665 114,103 384,785 388,596
Boxoffice computer systems 33,513 33,513 51,720 51,720
Ticket printing 711 711 3,329 3,329
Miscellaneous
selling		 costs 4,960 4,961 8,928 8,929
Credit card commission 34,320 34,320 53,111 53,111
Telephone,
postage,		 stationery and
photocopying 23,501 23,584 74,351 74,383
Travel and entertaining 53 53 2,685 2,277
249,723 211,245 578,909 582,345

Group Company Group Company
2021 2021 2020 2020
Support Costs 6 6
Wages and salaries 271,070 271,070 277,136 277,137
Training,
recruitment		 and other costs 29,727 29,727 25,999 25,899
Depreciation 62,539 62,909
Telephone,
postage, stationery		 and
photocopym9 3,373 3,323 18,787 18,698
IT maintenance
and peripherals		 99,962 98,040 54,012 53,975
Travel and entertaining 1,742 1,717 16,724 15,710
Professional
charges		 35,745 32,807 58,694 61,745
Bank charges 3,528 3,529 11,692 11,692
Licence and subscriptions 39,550 34,518 22,517 22,433
Miscellaneous 3,829 10,892 11,752 6,419
551,065 485,623 560,222 493,708
Total costs ofcharitable activities 4,185,884 3,060,878 10,002,065 4,159,055

OTHER COSTS
2021 2021 2020 2020
6 6 6
Group Company Group Company
Auditors Remuneration;
Charitable Company 17,750 11,750 16,610 9,600

RESERVES
Group At 1 Aug Incoming Outgoing At 31 July
RESTRICTED 2019f Resources
f		 Resourcesf Transfers
f		 2020
f
Accumulated
Building		 Fund 642,493 12,434 630,059
ACE Restricted Grant
Capital Redevelopment Fund
(Lyceum) 549,248 105,915 443,333
Capital Redevelopment Fund
(Crucible) 4,609,525 92,191 4,517,334
Total Restricted Funds 5,801,266 210,540 5,590,726
UNRESTRICTED
General 1,107,555 10,861,514 11,194,994 (73,000) 701,075
Designated
—artistic research
and development 201,335 201,335
Designated —renewals
and repairs 230,000 230,000
Designated —Capital and
Special Project 123,000 73,000 196,000
Total Unrestricted
Funds		 1,661,890 10,861,514 11,194,994 1,328,410
Total Funds 7,463,156 10,861,514 11,405,534 6,919,136
RESERVES
Group At 1 Aug Incoming Outgoing At 31 July
RESTRICTED 2020
f		 Resources
f.		 Resources
f		 Transfersf 2021
F
Accumulated
Building		 Fund 630,059 12,434 617,625
ACE Restricted Grant
Capital Redevelopment Fund
(Lyceum) 443,333 115,005 328,328
Capital Redevelopment Fund
(Crucible) 4,517,334 92,190 4,425,144
Garfield Weston Culture Fund 702,400 702,400
Total Restricted Funds 5,590,726 702,400 219,629 6,073,497
UNRESTRICTED
General 701,075 7,472,828 4,492,940 (450,000) 3,230,963
Designated —artistic research
and development 201,335 25,000 226,335
Designated
—renewals
and repairs 230,000 25,000 255,000
Designated —Capital and
Special Projects 196000 400,000 596,000
Total Unrestricted
Funds		 1,328,410 7,472,828 4,492,940 4,308,298
Total Funds 6,919,136 8,175,228 4,712,569 10,381,795

Group Unrestricted Restricted
funds funds Total
2020 2020 2020
6 f 6
Tangible fixed assets 226,869 5,590,726 5,817,595
Goodwill
Current assets 6,440,919 6,440,919
Creditors (5,339,378) (5,339,378)
1,328,410 5,590,726 6,919,136
Company Unrestricted Restricted
funds funds Total
2020 2020 2020
f: F
Tangible fixed assets
Investment and subsidiary 90,234 90,234
Current assets 4,100,455 4,100,455
Creditors (3,458,580) (3,458,580)
732,109 732,109
Group Unrestricted Restricted
funds funds Total
2021 2021 2021
F 6 6
Tangible fixed assets 159,468 5,371,097 5,530,565
Goodwill
Current assets 10,700,366 702,400 11,402,766
Creditors (6,551,536) (6,551,536)
4,308,298 6,073,497 10,381,795
Company Unrestricted Restricted
funds funds Total
2021 2021 2021
F 6 6
Tangible fixed assets
Investment and subsidiary 90,234 90,234
Current assets 7,904,889 702,400 8,607,289
Creditors (4,468,186) (4,468,186)
3,526,937 702,400 4,229,337

Group Land and Land and
Buildings Equipment Buildings
(long and (short
leasehold) furniture leasehold) Total
Cost E E E
At 1 August 2020 6,854,510 8,489,080 59,124 15,402,714
Additions
At 31 July 2021 6,854,510 8,489,080 59,124 15,402,714
Depreciation
At 1 August 2020 1,607,764 7,918,231 59,124 9,585,119
Charge for the year 131,982 155,048 287,030
At 31 July 2021 1,739,746 8,073,279 59,124 9,872,149
Net book amounts
At 31 July 2021 5,114,764 415,801 5,530,565
At 1 August 2020 5,246,746 570,849 5,817,595

Country of 2021 2020
registration Company Company
6 f
Offstage Limited
(wholly owned)		 England 90,222 90,222
Sheffield Theatres
Crucible Trust
(limited
by guarantee)		 England
City of Sheffield Theatre Trust
(limited
by guarantee)		 England
Crucible Enterprises
Limited
(wholly owned) England
Sheffield Crucible Productions Limited
(wholly owned) England 10 10
90,234 90,234

2021 2020
Group Group
6 6
Cost 90,220 90,220
Amortisation (90,220) (90,220)
Net book amount
18 STOCKS
2021 2020
Group Group
E
Catering supplies 26,606 40,216
2021 2020
Group Group
E
26,606 40,216

19 DEBTORS
2021 2020
Group Company Group Company
Due within one year: F f F. F.
Trade debtors 33,553 13,313 62,854 3,508
Other debtors 301,352 9,926 456,030 5,363
Prepayments and accrued income 914,302 632,178 924,433 739,449
Amount due from subsidiary companies 134,634 354,760
1,249,207 790,051 1,443,317 1,103,080
20 CASH AT BANK AND IN HAND
2021 2020
Group Company Group Company
F f f F
Cash in hand 8,616 1,874 11,767 1,873
Cash at bank 10,118,337 7,815,364 4,945,619 2,995,502
10,126,953 7,817,238 4,957,386 2,997,375
21 CREDITORS —DUE WITHIN
ONE YEAR
2021 2020
Group Company Group Company
Amounts
falling due within one year		 F f f
Trade creditors 208,871 47,044 107,537 26,993
Other creditors 197,245 197,245 194,802 194,803
Taxation and social security 512,219 295,110 691,737 446,765
Amount due to subsidiary
company		 1,386,755 864,383
Accruals and deferred income 5,633,201 2,542,032 4,345,302 1,925,636
6,551,536 4,468,186 5,339,378 3,458,580

2021 2020
Group Company Group Company
Financial commitments due within 6 E f 6
one year under operating leases;-
Due within 1 year
Other 7,331 7,331 5,484 5,484
Land and buildings 119,633 124,633
Due within 2 to 5 years
Land and buildings 425,200 438,533
Due in more than 5years
Land and buildings 1,731,792 1,838,092
2,283,956 7,331 2,406,742 5,484

EAR ENDED 31JULY 2021
GROUP 2021 2020
6 6
INCOMING RESOURCES
Donations
and Legacies
Revenue grants —general 5,001,188 2,128,839
Education
Trusts and foundations 1,000
Individual
gifts		 247,739 384,420
Regional Theatre Young Directors Scheme 16,209
5,265,136 2,514,259
Activities for generating funds
Management
fees		 32,500 67,500
Profit in trading
subsidiary		 276,706 59,111
(Loss) in trading
subsidiary		 (76,877) (275,271)
(Loss)/profit
in trading
subsidiary		 13,571 (5,075)
245,900 (153,735)
245,900 (153,735)
Investment
income
Bank interest 5,194 38,834
Incoming resources from charitable activities
Boxoffice —own productions 238,033 2,246,235
Boxoffice and tour income —education 12,324 28,285
Boxoffice —visiting companies 12,922 3,373,397
263,279 5,647,917
Post Sheffield
Income		 6,141 8,000
Hire of premises 34,092 43,460
Programme
income		 5,044 66,023
Memberships 85,091 119,905
Miscellaneous
income		 984,026 951,551
1,114,394 1,188,939
Total incoming
resources		 from charitable activities 1,377,673 6,836,856
TOTAL INCOMING RESOURCES 6,893,903 9,236,214

EAR ENDED 31JU LY 2 021
GROUP 2021 2020
Direct Direct
Charitable Other Charitable Other
RESOURCES EXPENDED Expenditure Expenditure Expenditure Expenditure
F F F F
Costs ofgenerating voluntary
Income
Fundraising
charges		 6,888 36,830
Charitable
activities
Sheffield Production Costs
Wages and salaries 28,652 29,252
Scenery, costumes
and materials		 29,731 115,628
Production
Services		 321,690 1,877,966
Royalties and commissioned fees 2,089 134,484
Additional
directors'
designers'
and other guests' fees 31,061 12,267
indirect production
consumables		 27,297 41,586
Miscellaneous 22,722 53,258
463,242 2,264,441
Education
project costs		 117,377 159,788
580,619 2,424,229
Visiting Companies Costs
Visiting Companies
fees		 23,583 2,878,828
Other costs 597 224,163
Re-charge to co-producers and
visiting companies 4,555 (375,874)
Hire costs (148) 10,145
Programme
costs		 2,452 30,645
Licence and subscriptions 1,667 2,436
32,706 2,770,343
Total Production
Costs		 613,325 5,194,572
Carried forward 620,213 5,231,402

EAR ENDED 31JULY 2021
GROUP 2021 2020
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
8 6 F 5
Brought forward 620,213 5,231,402
Staff Costs
Wages and salaries 2,105,051 271,070 2,828,893 277,136
Pension costs
Staff training 5,000 19,190 2,795 9,003
Other staff costs 492 2,697 9,177 15,718
Redundancy
costs		 59,407
Staff recruitment 7,840 1,278
2,169,950 300,797 2,840,865 303,135
Establishment Costs
Rent, rates and insurance 173,310 179,434
Heat and power 47,466 60,844
Electricity 72,796 143,733
Repairs and renewals 84,564 214,836
Waste disposal 4,056 18,110
Depreciation 62,539 62,909
382,192 62,539 616,957 62,909
Selling Costs
Publicity and advertising 152,665 384,785
Boxoffice computer systems 33,513 51,720
Ticket printing 711 3,329
Miscellaneous selling costs 4,960 8,928
Credit card commission 34,320 53,111
Telephone,
postage, stationery		 and
Photocopying 23,501 74,351
Travel and entertaining 53 2,685
249,723 578,909
Carried forward 3,422,078 363,336 9,268,133 366,044

EAR ENDED 31 JULY 2021
GROUP 2021 2020
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
F. F F. F
Brought forward 3,422,078 363,336 9,268,133 366,044
Administration Costs
Stationery/photocopying 3,373 18,787
Postage
IT maintenance & peripherals 99,962 54,012
Travel and entertaining 1,742 16,724
Professional
charges		 35,745
Bank charges 3,528 58,694
Licence and subscriptions 39,550 11,692
Security 22,517
Miscellaneous 3,829
Amortisation
of		 goodwill 11,752
187,729 194,178
Governance
Costs
Audit fee 17,750 16,610
TOTAL RESOURCES EXPENDED 3,422,078 568,815 9,268,133 576,832
2021 2020
f f
Total incoming resources 6,893,903 9,236,214
Resources expended
Direct charitable expenditure (3,422,078) (9,268,133)
Other expenditure (568,815) (576,832)
Exceptional
items
Tax on ordinary activities 76,878 275,271
NET MOVEMENT
IN UNRESTRICTED		 FUNDS 2,979,888 (333,480)
STATEMENT OF FINANCIAL ACTIVITIES
MOVEMENT
IN RESTRICTED		 FUNDS
YEAR ENDED 31JULY 2021
GROUP 2021 2020
6 E
RESTRICTED FUNDS RECEIVED
Garfield Weston Culture
Fund		 702,400
TOTAL 702,400
RESTRICTED FUNDS EXPENDED
Accumulated
building
fund		 12,434 12,434
Capital redevelopment 207,195 198,106
TOTAL 219,629 210,540
MOVEMENT ON RESTRICTED
FUNDS BEFORETRANSFERS 482,771 (210,540)
Transfer
NET MOVEMENT
ON
RESTRICTED FUNDS
482,771 (210,540)
TOTAL MOVEMENT ON FUNDS 3,462,659 (544,020)

EAR ENDED 31 JU LY 2 021
COMPANY 2021 2020
f f
INCOMING RESOURCES
Voluntary
income
Revenue grants —general 2,793,933 7,500
Education
fundraising
Individual
gifts		 247,223 383,554
Trusts &Foundations 702,400 1,000
3,743,556 392,054
Activities for generating funds
Management
fees		 20,000 42,500
Gift aid 59,111 338,624
79,111 381,124
Income from intercompany recharges 1,708,219 2,790,789
Investment
income
Bank interest 5,194 38,834
Other interest
5,194 38,834
Incoming resources from charitable activities
Boxoffice - own productions 9,750
Boxoffice and tour income - education
Boxoffice —visiting companies 9,669 34,266
9,669 44,016
Memberships 25
Miscellaneous
income		 949,495 754,888
Sponsorship 81,500 50,269
1,030,995 805,182
Total incoming
resources from charitable		 activities 1,040,664 849,198
TOTAL INCOMING RESOURCES 6,576,744 4,451,999

EAR ENDED 31 J ULY 20 21
COMPANY 2021 2020
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
RESOURCES EXPENDED F 6 p f
Costs ofgenerating income
Fundraising
charges		 6,888 35,130
Charitable
activities
Sheffield Production Costs
Wages and salaries 28,652 29,252
Scenery, costumes
and materials		 3,755 96
Production
Services
Royalties and commissioning fees
Additional
directors',		 designers'
and other guests' fees 26,195 272
Indirect production
consumables
Miscellaneous 352 6,156
58,954 35,776
Education
project costs		 94,241 111,476
153,195 147,252
Visiting Companies Costs
Visiting companies fees 9,457 32,943
Hire costs
Programme
costs		 30,033
Licence and subscriptions 1,437 1,725
10,894 64,701
Total production
costs		 164,089 211,953
Carried forward 170,977 247,083

EAR ENDED 31J ULY 2021
COMPANY 2021 2020
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
F 6 E
Brought forward 170,977 247,083
Staff Costs
Wages and salaries 2,104,857 271,070 2,807,296 277,137
Pension costs
Staff training 5,000 19,190 2,795 8,549
Other staff costs (14,889) 2,697 8,238 16,221
Redundancy
costs		 59,407
Staff recruitment 7,840 1,129
2,154,375 300,797 2,818,329 303,036
Establishment Costs
Rent, rates and insurance 26,533 21,542
Heat and power 180
Repairs and renewals 19,013 29,405
Waste disposal 1,593
Depreciation
45,546 52,720
Selling Costs
Publicity and advertising 114,103 388,596
Boxoffice computer systems 33,513 51,720
Ticket printing 711 3,329
Miscellaneous selling costs 4,961 8,929
Credit card commission 34,320 53,111
Telephone,
postage,		 stationery
and photocopying 23,584 74,383
Travel and entertaining 53 2,277
211,245 582,345
Carried forward 2,582,143 300,797 3,700,477 303,036

EAR ENDED 31 JULY 2021
COMPANY 2021 2020
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
f. f f f.
Brought forward 2,582,143 300,797 3,700,477 303,036
Administration
Costs
Stationery/photocopying/postage 3,323 18,698
IT Maintenance
& peripherals		 98,040 53,975
Travel and entertaining 1,717 15,710
Professional
charges		 32,807 61,745
Bank charges 3,529 11,692
Licence and subscriptions 34,518 22,433
Security
Miscellaneous 10,892 6,419
Exceptional
items
184,826 190,672
Governance
Costs
Audit fee 11,750 9,600
TOTAL RESOURCES EXPENDED 2,582,143 497,373 3,700,477 503,308
2021 2020
f
Total incoming
resources		 6,576,744 4,451,999
Resources expended
Direct charitable
expenditure		 (2,582,143) (3,700,477)
Other expenditure (497,373) (503,308)
NET MOVEMENT
IN FUNDS		 3,497,228 248,214