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2023-07-31-accounts

Page
Chair's Report
Directors' Report
Statement
ofTrustees'		 Responsibilities
Independent
Auditors'		 Report 12
Accounting
Policies		 15
Consolidated
Statement		 of Financial Activities 17
Charitable
Company		 Statement of Financial Activities
Balance Sheets 19
Consolidated
Cash Flow Statement		 20
Notes on Accounts 21-37

The directors, who are also trustees of the charity,
during
the year and to the date
Mr Stephen Betts
Ms Ruth Bourne
Dr Anni Domingo
Mr James Garnett
Lord Kerslake (Deceased 1 July 2023)
Ms Eleanor Lang
Mr Neil MacDonald
Ms Ruth McDonald
Ms Kirsten Major
Ms Anne Marie Murphy (Deceased 28 December 2022)
Ms Rosie Neave
Mr John Pickering
Ms Sioned Richards
Mr Arun Singh
Mr Umar Zamman (Resigned 26 August 2022)
Mr Peter Price (Appointed 27 February 2023; Resigned 4 August 2023)

SHEFFIELD THEATRES TRUST INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF SHEFFIELD THEATRES TRUST {continued) The exlenl lo whKh our procedures are capable of detecting wregularilies, indudiThJ fraud 15 detailed below". The parent charitsble company is subjecl to laws and rewlalions that directly and indirectly affect the financial slalements. Based on our understanding of the ch&tty and the environment it operates within, we determined that the laws and regulations whi¢h were most swrfjcant induded FRS 102 and the Companies Act 21))6. We considered the exlenl lo which non.compliance %Mlh these laws and regulatK)ns might have a malerial effect on the financial statements. including ￿v[raud might occur. We evJvaled management's incentives and opportunities for fraLKlulenl manipulation of the finall￿al slalements {indudirwJ the risk of override of conlrolsl. and delermine(I that the principal risks were related lo the posliTrJ of inappropriate ioumal entrw to improve the chariws result for the pwiod. and management bias in key accounting eslimales_ Audit procedures perfomied by Ihe errtJagemenl team induded: Discussions with managemenl aThJ those responsitAe for legal compliance procedures wf(hin the parent charitable company lo oblain an uThjers1a￿IIng o( the legal and regulatory framew(%k appli¢able to the charity and how the ¢harity Comklies wth that franewNk. indLMling consideration ol known ￿ suspected instances of non-compliarKe with laws and regulations arKJ fraud: Rev￿￿n9 minutes of TnJstee meetings.. Identrfying and assessing the design eflecliveness of controls Ihat managemenl has in place to prevent and delect fraud arKI non-compliance wtth laws and regulatK)ns.' Challenging assumptiorks and judgements rnade by rnana9ement in their significant accounting estimates. Identifying and testing journal entries. in particular any journal entries posted with unusual account combinations or posted by senior management. There are inherent limilalions in the audit wocedures described above and the more ￿MOVed non-compliance with laws and rewlalions is from Ihe events arKI tranSa￿lon$ refleded in Ihe finan¢ial statements. the less likely we are to become aware of it. Aso, the risk of not detecling a mater￿1 mis$talemenl due to fraud is higher than the risk of not detecting one resulling from errrK. as fraud may invdve deliberate concealment by. for example, forgery or inlenlional misrepresentations. or through collus￿n. A further deScrip￿n of responsibilities is available on the FinarKk?l Reptyting Coun¢il's website at N¥Ww.frc.org.ukJaJditorslaudit-assurancelwdilor-s-reskN)nsi￿.l1Iie5-Ior-the-audIt-Of-lh￿rI1de$CriPtlon-0f-lheWSUditor.s- responsibililies-for. This de$(*iption fomis part of wr auditorfs report. This report is made sdely to the parent charitable c(Mnpany's rnembers. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Chjr audrt work has been undertaken so that we might slate to the parent ch¥itable company's members those matters we are required lo stale to them in an auditoff s report arKI for no other purpose. To the fullest extent permitted by law. we ¢Jo not accept or assume responsibilily to anyone other than the parent charitable cofflpany and the pwenl charitable company's members as a body. for our audit work, for this report, or fLY the opinions we have f￿me￿. Simon Bl&Jen. Senior Sialutory Auditor For and on behaw Hawsons Chartered Acctyjntsnts. Stalutory Audilor Pegasus House 463a Glossop Road Sheffield S10 2QD 14

YEAR ENDED 31JULY 2023
Unrestricted Restricted 2023 2022
Funds Funds Total Total
Notes f f f f
Incoming Resources
Incoming resources
from
generated
funds:
Donations
and legacies		 2 2,248,640 504,679 2,753,319 2,479,451
Other trading
activities		 3 2,101,046 2,101,046 1,601,277
Investment
income		 410,960 410,960 40,053
Incoming resources
from
charitable
activities		 4 10,446,553 10,446,553 7,408,082
Total incoming
resources		 15,207,199 504,679 15,711,878 11,528,863
Resources expended
Raising funds 9 23,406 23,406 19,595
Fundraising
trading:
Costs ofgoods sold and other
costs		 2,024.862 2,024.862 1,593,897
Charitable
activities		 10 13,158,216 337,949 13,496.165 10,605,909
Other costs 11 28,000 28.000 19,850
Total resources expended 15,234,484 337,949 15,572,433 12,239,251
Net (Outgoing)/Incoming
Resources		 (27,285) 166,730 139,445 (710,388)
Tax credit on ordinary
activities		 21 799,620 799,620 499,428
Net Incoming Resources
before Transfers 772,335 166,730 939,065 (210,960)
Transfers
between funds		 (184,439) 184,439
Net Movement
in Funds		 587,896 351,169 939,065 (210,960)
Fund balances
brought
Forward at 1 August 4,878,554 5,292,281 10,170,835 10,381,795
Fund balances carried 12
forward
at 31July		 5,466,450 5,643,450 11,109,900 10,170,835

NCLUDING
INCOME AND EX		 PENDITURE ACCOUNT)
Unrestricted Restricted 2023 2022
Total Total Total Total
Notes f F L 6
Incoming Resources
Incoming
resources
from
generated
funds:
Donations
and legacies		 157,976 157,976 162,004
Other trading
activities		 32,500 32,500 42,500
Income from intercompany
Recharges 4,537,859 4,537,859 3,736,068
Investment
income		 131,813 131,813 40,053
Incoming resources
from
charitable
activities		 4 676,259 676,259 531,111
Total incoming
resources		 5,536,407 5,536,407 4,511,736
Resources expended
Raising funds 9 22,942 22,942 19,436
Charitable
activities		 10 5.943,706 5,943,706 4,318,427
Other costs 11 18,800 18,800 625,213
Total resources expended 5,985,448 5,985,448 4,963,076
Net (Outgoing)/Incoming
Resources		 (449,041) (449,041) (451,340)
Fund balances brought
forward at 1 August 3,777,997 3,777,997 4,229,337
Transfer between funds
Fund Balances Carried
Forward
At 31 July		 3,328,956 3,328,956 3,777,997

BALANCE SHE ETS
2023 2022
Group Company Group Company
Notes f F F F
FIXEDASSETS
Tangible assets 14 5,687,628 5,397,536
Investment
in subsidiaries		 15 90,234 90,234
Goodwill 16
5,687,628 90,234 5,397,536 90,234
CURRENT ASSETS
Stock 17 61,116 23,353
Debtors 18 1,592,182 1,627,292 1,878,551 1,339,386
Cash at bank and in hand 19 14,462,423 8,059,421 12,419,424 7,309,155
16,115,721 9,686,713 14,321,328 8,648,541
CREDITORS - Amounts
Falling due within one year 20 10,693,449 6,447,991 9,548,029 4,960,778
NET CURRENT ASSETS 5,422,272 3,238,722 4,773,299 3,687,763
NET ASSETS 11,109,900 3,328,956 10,170,835 3,777,997
RESERVES 12
Restricted funds 5,643,450 5,292,281
Designated
funds		 1,618,768 636,768 1,077,335 596,000
General funds 3,847,682 2,692,188 3,801,219 3,181,997
11,109,900 3,328,956 10,170,835 3,777,997

2023 2022
Notes f f
Cash flow from operating
activities		 2,321,156 2.396,236
Cash flow from investing activities
Capital expenditure
—purchase
oftangible		 fixed assets (689,117) (143,818)
Interest received 410,960 40,053
Net cash flow from investing activities (278,157) (103,765)
Net increase
in cash and cash equivalents		 2,042,999 2,292,471
Cash and cash equivalents at 1 August 12,419,424 10,126.953
Cash and cash equivalents at 31 July 14,462,423 12,419,424
Cash and cash equivalents consists of:
Cash at bank and
in hand		 14,462,423 12,419,424

2023 2023 2022 2022
f f
Group Company Group Company
Unrestricted
Arts Council
England		 1,303,416 1,303,416
Sheffield
City Council		 291,600 291,600
Sheffield
City Council		 Covid-19 Support 17,611
DCMS - Cultural
Recovery Fund		 700,000
Arts Council
England		 - Ramps on the Moon 479,251 2,175 2,175
Department
for Work
Work		 and Pensions - Access to 11,240
Facey Family Foundation 3,000
Directors Scheme (RTYDS) 2,918 2,918 10,049 10,049
Donations,
Gifts and		 Legacies 160,215 155,058 151,600 149,780
Total unrestricted 2,248,640 157,976 2,479,451 162,004
Restricted
Sheffield Lyceum Theatre Trust 20,829
Arts Council
England		 Small Capital Fund 385,250
Arts Council
England		 Kickstart 52,600
GRI Group Ltd 20,000
The Freshgate
Trust		 Foundation 2,000
JG Graves Charitable Trust 5,000
Sheffield Church Burgesses Trust 2,500
Sheffield Town Trust 5,000
Other Donations 11,500
504,679
Total 2,753,319 157,976 2,479,451 162,004

2023 2022
Group Company Group Company
f f f f
Fundraising trading —Offstage 2,098,546 1,232,846
Limited (note 4a)
Fundraising trading —Crucible 358,450
Enterprises Limited (note 4b)
Other 7,481
Management fees 2,500 32,500 2,500 42,500
2,101,046 32,500 1,601,277 42,500
INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Group Company Group Company
f f f f.
Unrestricted
Ticket and related sales 10,446,553 676,259 7,392,089 515,118
Coronavirus job retention scheme 15,993 15,993
10,446,553 676,259 7,408,082 531,111

A summary
of its trading		 A summary
of its trading		 results results results is shown below. below.
Offstage
Limited —Profit		 and Loss Account
2023 2022
6 6
Turnover 2,098,546 1,232,846
Cost ofsales (625,102) (367,867)
Distribution
costs		 (544,484) (442,588)
Administration (73,972) (322,415)
Other operating
income		 136,461
Interest receivable 16,248
Net profit 871,236 236,437
Retained
earnings		 brought forward 236,437 276,706
Gift aid payments (236,437) (276,706)
Retained
in Offstage		 Limited 871,236 236,437
Cost ofgoods sold and other costs included in consolidated statement 2023 2022
offinancial
activities:		 6 6
Group Group
Cost ofsales 625,102 367,867
Distribution
costs		 544,484 442,588
Administration 35,153 23,764
Staff recharges (136,461)
Interest receivable (16,248)
1,188,491 697,758
Less amounts
included		 in governance costs (8,600) (5,500)
1,179,891 692,258

A summary
of its trading		 results is shown results is shown results is shown below. below.
Crucible Enterprises
Limited —Profit and		 Loss Account
2023 2022
f f.
Turnover 358,450
Cost of sales (148,887)
Distribution
costs		 7,912 (221,965)
Administration (28,404) (35,977)
Other operating
income		 7,481
Interest receivable 2,899 118
Net (loss)/profit (17,593) (40,780)
Gift aid payments
to Sheffield Theatres		 Trust
Retained
in Crucible Enterprises		 Limited (17,593) (40,780)
Cost ofgoods sold and
financial
activities:		 other costs included in consolidated statement of 2023
F		 2022
f
Group Group
Cost ofsales 148,887
Distribution
costs		 (7,912) 221,965
Administration 28,404 25,977
Interest receivable (118)
20,492 396,711
Less amounts
included		 in governance costs (4,250)
20,492 392,461

2023 2022
6 6
Production
Agreement		 Income 2,450,657 1,638,502
Cost ofsales
Production
costs		 (2,338,180) (1,649,146)
Staff costs (906,733) (484,571)
Administration (5,364) (4,213)
Interest receivable
Net loss (799,620) (499,428)
Tax credit on ordinary activates 799,620 499,428
Retained
in Sheffield Crucible Productions		 Limited
Cost ofgoods sold and other costs Included in consolidated statement of 2023 2022
financial
activities:		 Group Group
f E
Cost ofsales
Production costs 2,338,180 1,649,146
Staff costs 906,733 484,571
Administration 5,364 4,213
3,250,277 2,137,930
Less amounts included in governance costs (5,350) (4,200)
3,244,927 2,133,730

2023 2023 2022
Group Company Group Company
F. E F.
Staff costs comprised:
Wages and salaries 3,796,481 3,095,410 3,342,951 2,771,318
Social security costs 287,117 262,763 251,782 229,736
Other pension costs 213,415 201,222 201,539 192,358
4,297,013 3,559,395 3,796,272 3,193,412
e average
number
offull-time		 equivalent employees for the year was:
2023 2022
Group Company Group Company
Number Number Number Number
Management, finance and
administration 11 12 12
Programme,
production		 and technical 60 60 47 47
Education
and		 outreach 6 6 7 7
Marketing
and		 audience development 25 25 24 24
Maintenance, cleaning and
support services 25 25 23 23
Catering,
bars		 and commercial 59 44
Front of house 55 55 51 51
241 182 208 164
2023 2022
F60,000 - F69,999
E70,000 - E'79,999
F80,000 - E89,999

Chief Executive Communications
Director*		 Communications
Director*
Artistic Director Customer
Experience		 Director*
Deputy Chief Executive Finance Director*
Associate Artistic Director* Operations
Director*
Producer
7 NET INCOMING RESOURCES
2023 2022
Group Company Group Company
E F 6 E
This is stated after charging:
Auditors'
remuneration
as auditors 41,950 18,800 33,800 13,050
Depreciation 399,025 276,847
Operating
lease rentals:
Land and buildings 20,300 20,300
Other 83,234 88,647
And after crediting:
Interest receivable 410,960 131,813 40,053 40,053

2023 2022
Group Group
8 f
Net incoming/(outgoing) resources 939,065 (210,960)
Net interest (receivable) (410,960) (40,053)
Net /incoming/(outgoing) resources from operations 528,105 (251,013)
Depreciation 399,025 276,847
(Increase)/decrease in stock (37,763) 3,253
Decrease/(increase) in debtors 286,369 (629,344)
Increase
in creditors		 1,145,420 2,996,493
Net cash inflow from operating activities 2,321,156 2,396,236
9 COSTS OF RAISING FUNDS
2023 2023 2022 2022
Group Company Group Company
6 6 6 6
Fundraising 23,406 22,942 19,595 19,436

EAR ENDED 31JUL Y 2023 Y 2023 Y 2023
10 EXPENDITURE ON
ACTIVITIES		 CHARITABLE Group Company Group Company
2023 2023 2022 2022
Production
Costs		 f f
Wages and salaries 16,299 16,299 37,668 37,443
Scenery, costumes
and materials		 292,942 429 188,551 6,506
Production
Services		 2,360,862 (1,369) 1,207,905 (9,979)
Royalties and commissioning fees 88,117 79 96,525 1,536
Additional
directors',		 designers' and
other guests' fees 103,035 18,360 68,331 20,158
Indirect production
consumables		 59,673 (812) 42,242 230
Miscellaneous 164,168 30,094 53,087 9,516
Education
project costs		 162,849 112,847 446,039 148,830
Visiting companies fees and other costs 5,100,804 85,343 4,010,982 40,697
Re-charge to co-producers and
visiting companies (806,673) (655,464)
Hire costs 46,469
Programme
costs		 51,525 49,606 23,041 21,996
Licence and subscriptions 969 184 2,375 2,055
7,594,570 311,060 5,567,751 278,988
Staff Costs
Wages and salaries 3,104,938 3,104,468 2,663,639 2,664,102
Training,
recruitment		 and other costs 33,164 24,757 36,161 19,717
3,138,102 3,129,225 2,699,800 2,683,819
Establishment
Costs
Rent, rates and insurance 316,199 32,810 267,146 24,971
Heat and power 89,431 54,459
Electricity 222,507 328,657
Repairs and renewals 229,223 86,823 196,497 51,195
Waste disposal 31,639 17,732
Depreciation 337,949 215,770
1,226,948 119,633 1,080,261 76,166
Selling Costs
Publicity and advertising 574,085 588,502 454,379 500,531
Boxoffice computer systems 82,921 97,921 55,455 70,455
Ticket printing 11,855 11,855 5,091 5,091
Miscellaneous
selling		 costs 9,477 9,684 7,498 7,444
Credit card commission 142,558 142,558 113,936 113,936
Telephone,
postage,		 stationery and
photocopying 42,954 42,933 40,512 40,512
Travel and entertaining 4,585 4,524 308 281
868,435 897,977 677,179 738,250

Group Company Group Company
2023 2023 2022 2022
Support Costs F F f F
Wages and salaries 330,239 330,239 362,004 362,004
Training,
recruitment		 and other costs 78,696 77,897 30,402 30,054
Depreciation 58,570 32,512
Telephone,
postage, stationery		 and
photocopying 16,664 16,561 10,427 10,307
IT maintenance
and peripherals		 76,823 72,897 63,349 53,001
Travel and entertaining 28,136 26,722 11,410 11,221
Professional
charges		 20,060 18,297 25,082 25,056
Bank charges 10,304 10,250 11,437 11,437
Licence and subscriptions 35,723 35,723 31,197 30,860
Miscellaneous 12,895 12,786 3,098 7,264
668,110 601,372 580,918 541,204
Donation
to subsidiary		 charity 884,439
Total costs ofcharitable activities 13,496,165 5,943,706 10,605,909 4,318,427

OTHER COSTS
2023 2023 2022 2022
f F F
Group Company Group Company
Auditors Remuneration:
Charitable Company 28,000 18,800 19,850 13,050

AR ENDED 31 JULY 2023
12RESERVES
Group At 1 Aug Incoming Outgoing At 31 July
2021 Resources Resources Transfers 2022
RESTRICTED 6 f F 5
Accumulated
Building		 Fund 617,625 12,434 605,191
Garfield Weston Culture Fund 702,400 (565,446) 136,954
Capital Redevelopment Fund
(Lyceum) 328,328 111,145 217,183
Capital Redevelopment Fund
(Crucible) 4,425,144 92,191 4,332,953
Total Restricted Funds 6,073,497 215,770 (565,446) 5,292,281
UNRESTRICTED
General 3,230,963 12,028,291 12,023,481 565,446 3,801,219
Designated —artistic research
and development 226,335 226,335
Designated —renewals
and repairs 255,000 255,000
Designated —Capital and
Special Project 596,000 596,000
Total Unrestricted
Funds		 4,308,298 12,028,291 12,023,481 565,446 4,878,554
Total Funds 10,381,795 12,028,291 12,239,251 10,170,835
RESERVES
Group At 1 Aug Incoming Outgoing At 31 July
2022 Resources Resources Transfers 2023
RESTRICTED 6 f f
Accumulated
Building		 Fund 605,191 12,434 592,757
Garfield Weston Culture Fund 136,954 27,391 109,563
Capital Redevelopment Fund
(Lyceum) 217,183 20,829 104,010 134,002
Capital Redevelopment Fund
(Crucible) 4,332,953 483,850 194,114 184,439 4,807,128
Total Restricted Funds 5,292,281 504,679 337,949 184,439 5,643,450
UNRESTRICTED
General 3,801,219 16,006,819 15,234,484 (725,872) 3,847,682
Designated —artistic research
and development 226,335 (39,335) 187,000
Designated
—major repairs
and renewals 255,000 240,000 495,000
Designated
—Audience
Development 165,207 165,207
Designated —Production 300,000 300,000
Designated —Capital and
Special Project 596000 ~124.439 471,561
Total Unrestricted
Funds		 4,878,554 16,006,819 15,234,484 (184,439) 5,466,450
Total Funds 10,170,835 16,511,498 15,572,433 11,109,900

Company At 1 Aug Incoming Outgoing At 31 July
2021 Resources Resources Transfers 2022
RESTRICTED 6 6 6 6
Garfield Weston Culture Fund 702,400 612,163 (90,237)
Total Restricted Funds 702,400 612,163 (90,237)
UNRESTRICTED
General 2,930,937 4,511,736 4,350,913 90,237 3,181,997
Designated —Capital and
Special Project 596,000 596,000
Total Unrestricted Funds 3,526,937 4,511,736 4,350,913 90,237 3,777,997
Total Funds 4,229,337 4,511,736 4,963,076 3,777,997
RESERVES
Company At 1 Aug Incoming Outgoing At 31 July
2022 Resources Resources Transfers 2023
UNRESTRICTED F f
General 3,181,997 5,536,407 5,985,448 (40,768) 2,692,188
Designated —Audience
Development		 165,207 165,207
Designated
—Capital and
Special Project
Total Unrestricted
Funds		 596,000
3,777,997		 5,536,407 5,985,448 124,439 471,561
3,328,956
Total Funds 3,777,997 5,536,407 5,985,448 3,328,956

Group Unrestricted Restricted
funds funds Total
2022 2022 2022
6 E 6
Tangible fixed assets 105,255 5,292,281 5,397,536
Current assets 14,321,328 14,321,328
Creditors (9,548,029) (9,548,029)
4,878,554 5,292,281 10,170,835
Company Unrestricted Restricted
funds funds Total
2022 2022 2022
6 E
Tangible fixed assets
Investment and subsidiary 90,234 90,234
Current assets 8,648,541 8,648,541
Creditors (4,960,778) (4,960,778)
3,777,997 3,777,997
Group Unrestricted Restricted
funds funds Total
2023 2023 2023
6 f 6
Tangible fixed assets 44,178 5,643,450 5,687,628
Current assets 16,115,721 16,115,721
Creditors (10,693,449) (10,693,449)
5,466,450 5,643,450 11,109,900
Company Unrestricted Restricted
funds funds Total
2023 2023 2023
E 6 F
Tangible fixed assets
Investment and subsidiary 90,234 90,234
Current assets 9,686,713 9,686,713
Creditors (6,447,991) (6,447,991)
3,328,956 3,328,956

Group Land and Land and
Buildings Equipment Buildings
(long and (short
leasehold) furniture leasehold) Total
Cost f f. f f
At 1 August 2022 6,854,510 8,632,898 59,124 15,546,532
Additions 689,117 689,117
Disposals (56,789) (59,124) (115,913)
At 31 July 2023 6,854,510 9,265,226 16,119,736
Depreciation
At 1 August 2022 1,871,729 8,218,143 59,124 10,148,996
Charge for the year 126,943 272,082 399,025
Disposals (56,789) (59,124) (115,913)
At 31 July 2023 1,998,672 8,433,436 10,432,108
Net book amounts
At 31 July 2023 4,855,838 831,790 5,687,628
At 1 August 2022 4,982,781 414,755 5,397,536

Country of 2023 2022
registration Company Company
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
England 10 10
(wholly owned)
90,234 90,234

2023 2022
Group Group
F F
Cost 90,220 90,220
Amortisation (90,220) (90,220)
Net book amount
17 STOCKS
2023 2022
Group Group
F. F
Catering supplies 61,116 23,353

2023 2022
Group Company Group Company
Due within one year: f. f F f
Trade debtors 219,432 13,439 169,480 11,750
Other debtors 899,061 5,893 795,717 8,366
Prepayments and accrued income 473,689 211,674 913,354 85,113
Amount due from subsidiary companies 1,396,286 1,234,157
1,592,182 1,627,292 1,878,551 1,339,386
19 CASH AT BANK AND IN HAND
2023 2022
Group Company Group Company
E f f
Cash
in		 hand 14,666 1,110 20,886 1,874
Cash at bank 14,447,757 8,058,311 12,398,538 7,307,281
14,462,423 8,059,421 12,419,424 7,309,155
20 CREDITORS —DUE WITHIN ONE YEAR
2023 2022
Group Company Group Company
Amounts falling due within one year F f E f
Trade creditors 902,952 106,164 1,030,887 82,524
Other creditors 194,802 194,802 194,802 194,802
Taxation and social security 714,917 551,348 964,126 156,887
Amount due to subsidiary
companies		 1,566,689 1,210,702
Accruals and deferred income 8,880,778 4,028,988 7,358,214 3,315,863
10,693,449 6,447,991 9,548,029 4,960,778

2023 2022
Group Company Group Company
Financial commitments due within 8 8 8 8
one year under operating leases:-
Due within 1 year
Other 5,068 5,068 5,038 5,038
Land and buildings 83,238 126,966
Due within 2 to 5 years
Other 5,599 5,599 686 686
Land and buildings 270,200 463,867
Due in more than 5 years
I and and buildings 1,233,171 1,625,292
1,597,276 10,667 2,221,849 5,724

EAR ENDED 31 JULY 2023
GROUP 2023 2022
6 6
INCOMING RESOURCES
Donations
and Legacies
Revenue
grants —general		 2,085,507 2,314,802
Trusts and foundations 3,000
Individual
gifts		 160,215 151,600
Regional Theatre Young Directors Scheme 2,918 10,049
2,248,640 2,479,451
Activities for generating funds
Management
fees		 82,500 92,500
Profit in trading
subsidiary		 813,797 455,088
(Loss) in trading
subsidiary		 (799,620) (499,428)
(Loss) in trading
subsidiary		 (20,492) (40,780)
76,185 7,380
Investment
income
Bank interest 410,960 40,053
Incoming resources from charitable activities
Boxoffice —own productions 3,097,702 1,464,366
Boxoffice and tour income—
education		 16,743 9,462
Boxoffice —visiting companies 5,848,689 4,433,293
8,963,134 5,907,121
Post Sheffield
Income		 131,170 45,372
Hire ofpremises 129,993 369,940
Programme
income		 97,459 37,132
Memberships 105,739 83,389
Miscellaneous
income		 1,019,058 965,128
1,483,419 1,500,961
Total incoming
resources
activities		 from charitable 10,446,553 7,408,082
TOTAL INCOMING RESOURCES 13,201,484 9,934,966

EAR ENDED 31 JU LY 2 023
GROUP 2023 2022
Direct Direct
Charitable Other Charitable Other
RESOURCES EXPENDED Expenditure Expenditure Expenditure Expenditure
t' 6 f
Costs ofgenerating voluntary
Income
Fundraising
charges		 23,406 19,595
Charitable
activities
Sheffield Production Costs
Wages and salaries 16,299 37,668
Scenery, costumes
and materials		 292,942 188,551
Production
Services		 2,360,862 1,207,905
Royalties and commissioned fees 88,117 96,525
Additional
directors' designers'
and other guests' fees 103,035 68,331
Indirect production
consumables		 59,673 42,242
Miscellaneous 164,168 53,087
3,085,096 1,694,309
Education
project costs		 162,849 446,039
3,247,945 2,140,348
Visiting Companies Costs
Visiting Companies fees 5,100,254 3,968,601
Other costs 550 42,381
Re-charge to co-producers and
visiting companies (806,673) (655,464)
Hire costs 46,469
Programme
costs		 51,525 23,041
Licence and subscriptions 969 2,375
4,346,625 3,427,403
Total Production
Costs		 7,594,570 5,567,751
Carried forward 7,617,976 5,587,346

EAR ENDED 31 J ULY 202 3
GROUP 2023 2022
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
6 6 f 6
Brought forward 7,617,976 5,587,346
Staff Costs
Wages and salaries 3,104,938 330,239 2,663,639 362,004
Staff training 3,219 12,048 8,116 18,329
Other staff costs 29,945 30,529 28,045 2,933
Staff recruitment 36,119 9,140
3,138,102 408,935 2,699,800 392,406
Establishment Costs
Rent, rates and insurance 316,199 267,146
Heat and power 89,431 54,459
Electricity 222,507 328,657
Repairs and renewals 229,223 196,497
Waste disposal 31,639 17,732
Depreciation 58,570 32,512
888,999 58,570 864,491 32,512
Selling Costs
Publicity and advertising 574,085 454,379
Boxoffice computer systems 82,921 55,455
Ticket printing 11,855 5,091
Miscellaneous selling costs 9,477 7,498
Credit card commission 142,558 113,936
Telephone,
postage,		 stationery and
Photocopying 42,954 40,512
Travel and entertaining 4,585 308
868,435 677,179
Carried forward 12,513,512 467,505 9,828,816 424,918

EAR ENDED 31 JULY 2023
GROUP 2023 2022
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
8 f 6 f
Brought forward 12,513,512 467,505 9,828,816 424,918
Administration
Costs
Stationery/photocopying 16,664 10,427
IT maintenance
8 peripherals		 76,823 63,349
Travel and entertaining 28,136 11,410
Professional
charges		 20,060 25,082
Bank charges 10,304 11,437
Licence and subscriptions 35,723 31,197
Miscellaneous 12,895 3,098
200,605 156,000
Governance
Costs
Audit fee 28,000 19,850
TOTAL RESOURCES EXPENDED 12,513,512 696,110 9,828,816 600,768
2023 2022
6 f
Total incoming
resources		 13,182,338 9,934,966
Resources expended
Direct charitable
expenditure		 (12,513,512) (9,828,816)
Other expenditure (696,110) (600,768)
Exceptional
items
Tax on ordinary
activities		 799,620 499,428
NET MOVEMENT
IN UNRESTRICTED FUNDS		 BEFORE
TRANSFERS 772,336 4,810
TRANSFERS (184,439) 565,446
NET MOVEMENT
IN UNRESTRICTED FUNDS		 587,897 570,256

EAR ENDED 31 J ULY 2023
GROUP 2023 2022
6 6
RESTRICTED FUNDS RECEIVED
Sheffield Lyceum Theatre Trust 20,829
Arts Council England Small Capital Fund 385,250
Arts Council England Kickstart 52,600
GRI Group
Ltd		 20,000
The Freshgate
Trust		 Foundation 2,000
JG Graves Charitable Trust 5,000
Sheffield Church Burgesses Trust 2,500
Sheffield Town Trust 5,000
Other Donations 11,500
TOTAL 504,679
RESTRICTED FUNDS EXPENDED
Accumulated
building		 fund 12,434 12,434
Garfield Weston 27,391
Capital redevelopment 298,124 203,336
TOTAL 337,949 215,770
MOVEMENT ON RESTRICTED FUNDS BEFORE
TRANSFERS		 166,730 (215,770)
TRANSFERS 184,439 (565,446)
NET MOVEMENT ON RESTRICTED FUNDS 351,169 (781,216)
TOTAL MOVEMENT ON FUNDS 939,065 (210,960)

EAR ENDED 31JU LY 2 023
COMPANY 2023 2022
6 t:
INCOMING RESOURCES
Voluntary
income
Revenue
grants —general		 2,918 12,224
Individual
gifts		 155,058 149,780
157,976 162,004
Activities for generating funds
Management
fees		 32,500 42,500
32,500 42,500
Income from intercompany recharges 4,537,859 3,736,068
Investment
income
Bank interest 131,813 40,053
Other interest
131,813 40,053
Incoming resources from charitable activities
Boxoffice - own productions 47,528
Boxoffice —visiting companies 84,375 43,067
131,903 43,067
Hire of premises 4,000
Programme
Income		 3,104 323
Memberships 105,739 83,389
Corona virus job retention fund 15,993
Miscellaneous
income		 435,513 384,339
544,356 488,044
Total incoming
resources
activities		 from charitable 676,259 531,111
TOTAL INCOMING RESOURCES 5,536,407 4,511,736

EAR ENDED 31 J ULY 202 3
COMPANY 2023 2022
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
RESOURCES EXPENDED f E 6 F
Costs ofgenerating income
Fundraising
charges		 22,942 19,436
Charitable
activities
Sheffield Production Costs
Wages and salaries 16,299 37,443
Scenery, costumes
and materials		 429 6,506
Production
Services		 (1,369) (9,979)
Royalties
and commissioning		 fees 79 1,536
Additional
directors',		 designers'
and other guests' fees 18,360 20,158
Indirect production
consumables		 (812) 230
Miscellaneous 30,094 9,516
63,080 65,410
Education
project costs		 112,847 148,830
175,927 214,240
Visiting Companies Costs
Visiting companies fees 85,343 40,697
Programme
costs		 49,606 21,996
Licence and subscriptions 184 2,055
135,133 64,748
Total production
costs		 311,060 278,988
Carried forward 334,002 298,424

COMPANY 2023 2022
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
6 E f f
Brought forward 334,002 298,424
Staff Costs
Wages and salaries 3,104,468 330,239 2,664,102 362,004
Staff training 2,227 11,808 5,000 18,076
Other staff costs 22,530 29,970 14,717 2,838
Staff recruitment 36,119 9,140
3,129,225 408,136 2,683,819 392,058
Establishment
Costs
Rent, rates and insurance 32,810 24,971
Repairs and renewals 86,823 51,195
119,633 76,166
Selling Costs
Publicity and advertising 588,502 500,531
Box office computer systems 97,921 70,455
Ticket printing 11,855 5,091
Miscellaneous
selling		 costs 9,684 7,444
Credit card commission 142,558 113,936
Telephone,
postage,		 stationery
and photocopying 42,933 40,512
Travel and entertaining 4,524 281
897,977 738,250
Carried forward 4,480,837 408,136 3,796,659 392,058

EAR ENDED 31 JULY 2023
COMPANY 2023 2022
Direct Direct
Charitable Other Charitable Other
Expenditure Expenditure Expenditure Expenditure
F 6 6
Brought forward 4,480,837 408,136 3,796,659 392,058
Administration
Costs
Stationery/photocopying/postage 16,561 10,307
IT Maintenance
& peripherals		 72,897 53,001
Travel and entertaining 26,722 11,221
Professional
charges		 18,297 25,056
Bank charges 10,250 11,437
Licence and subscriptions 35,723 30,860
Miscellaneous 12,786 7,264
193,236 149,146
Governance
Costs
Audit fee 18,800 13,050
Transfer to Subsidiary 884,439
TOTAL RESOURCES EXPENDED 4,480,837 1,504,611 3,796,659 554,254
2023 2022
6
Total incoming
resources		 5,536,407 4,511,736
Resources expended
Direct charitable
expenditure		 (4,480,837) (3,796,659)
Other expenditure (1,504,611) (554,254)
NET MOVEMENT
IN UNRESTRICTED FUNDS
BEFORETRANSFERS (449,041) 160,823
TRANSFERS 90,237
NET MOVEMENT
IN UNRESTRICTED FUNDS		 (449,041) 251,060
STATEMENT OF FINANCIAL ACTIVITIES
MOVEMENT IN UNRESTRICTED FUNDS
YEAR ENDED 31 JULY 2023
COMPANY 2023 2022
f f
RESTRICTED FUNDS EXPENDED
Transfer to subsidiary
company		 612,163
TOTAL 612,163
MOVEMENT ON RESTRICTED FUNDS (612,163)
BEFORE
TRANSFERS
TRANSFERS (90,237)
MOVEMENT ON RESTRICTED FUNDS
BEFORE
TRANSFERS (702,400)
TOTAL MOVEMENT
ON FUNDS		 (449,041) (451,340)