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





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|The directors, who are|also trustees|of the charity,<br>during<br>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)|





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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

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





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|NCLUDING<br>INCOME AND EX|PENDITURE|ACCOUNT)||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2023|2022|
|||Total|Total|Total|Total|
||Notes|f|F|L|6|
|Incoming Resources||||||
|Incoming<br>resources<br>from||||||
|generated<br>funds:||||||
|Donations<br>and legacies||157,976||157,976|162,004|
|Other trading<br>activities||32,500||32,500|42,500|
|Income from intercompany||||||
|Recharges||4,537,859||4,537,859|3,736,068|
|Investment<br>income||131,813||131,813|40,053|
|Incoming resources<br>from||||||
|charitable<br>activities|4|676,259||676,259|531,111|
|Total incoming<br>resources||5,536,407||5,536,407|4,511,736|
|Resources expended||||||
|Raising funds|9|22,942||22,942|19,436|
|Charitable<br>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<br>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<br>At 31 July||3,328,956||3,328,956|3,777,997|





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## 

|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<br>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<br>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<br>activities||||2,321,156|2.396,236|
|Cash flow from investing|activities|||||
|Capital expenditure<br>—purchase<br>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<br>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<br>in hand||||14,462,423|12,419,424|





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## 

|||2023|2023|2022|2022|
|---|---|---|---|---|---|
||||f|f||
|||Group|Company|Group|Company|
|Unrestricted||||||
|Arts Council<br>England||1,303,416||1,303,416||
|Sheffield<br>City Council||291,600||291,600||
|Sheffield<br>City Council|Covid-19 Support|||17,611||
|DCMS - Cultural<br>Recovery Fund||||700,000||
|Arts Council<br>England|- Ramps on the Moon|479,251||2,175|2,175|
|Department<br>for Work <br>Work|and Pensions - Access to|11,240||||
|Facey Family Foundation||||3,000||
|Directors Scheme (RTYDS)||2,918|2,918|10,049|10,049|
|Donations,<br>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<br>England|Small Capital Fund|385,250||||
|Arts Council<br>England|Kickstart|52,600||||
|GRI Group Ltd||20,000||||
|The Freshgate<br>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|





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## 

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





## 

## 

## 

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





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## 

||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||6|6|
|Production<br>Agreement||Income|||||2,450,657|1,638,502|
|Cost ofsales|||||||||
|Production<br>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<br>in Sheffield Crucible Productions||||Limited|||||
|Cost ofgoods|sold and|other costs Included||in consolidated|statement|of|2023|2022|
|financial<br>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|





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||||||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<br>number<br>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,<br>production||and technical|||60||60|47||47|
|Education<br>and|outreach||||6||6|7||7|
|Marketing<br>and|audience|development|||25||25|24||24|
|Maintenance,|cleaning|and|||||||||
|support services|||||25||25|23||23|
|Catering,<br>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|||





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|Chief Executive|Communications<br>Director*|Communications<br>Director*|
|---|---|---|
|Artistic Director|Customer<br>Experience|Director*|
|Deputy Chief Executive|Finance Director*||
|Associate Artistic Director*|Operations<br>Director*||
||Producer||



|7|NET INCOMING RESOURCES|||||||
|---|---|---|---|---|---|---|---|
||||2023|||2022||
|||Group||Company|Group||Company|
|||E||F|6||E|
||This is stated after charging:|||||||
||Auditors'<br>remuneration|||||||
||as auditors|41,950||18,800|33,800||13,050|
||Depreciation|399,025|||276,847|||
||Operating<br>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<br>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 <br>ACTIVITIES|CHARITABLE|||Group|Company|Group|Company|
|||||2023|2023|2022|2022|
|Production<br>Costs||||f|f|||
|Wages and salaries||||16,299|16,299|37,668|37,443|
|Scenery, costumes<br>and materials||||292,942|429|188,551|6,506|
|Production<br>Services||||2,360,862|(1,369)|1,207,905|(9,979)|
|Royalties and commissioning||fees||88,117|79|96,525|1,536|
|Additional<br>directors',|designers'||and|||||
|other guests' fees||||103,035|18,360|68,331|20,158|
|Indirect production<br>consumables||||59,673|(812)|42,242|230|
|Miscellaneous||||164,168|30,094|53,087|9,516|
|Education<br>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<br>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,<br>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<br>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<br>selling|costs|||9,477|9,684|7,498|7,444|
|Credit card commission||||142,558|142,558|113,936|113,936|
|Telephone,<br>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|





## 

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## 

|||||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,<br>recruitment|and|other|costs|78,696|77,897|30,402|30,054|
|Depreciation||||58,570||32,512||
|Telephone,<br>postage, stationery|||and|||||
|photocopying||||16,664|16,561|10,427|10,307|
|IT maintenance<br>and peripherals||||76,823|72,897|63,349|53,001|
|Travel and entertaining||||28,136|26,722|11,410|11,221|
|Professional<br>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<br>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<br>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<br>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<br>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<br>—major repairs||||||||
|and renewals|||255,000|||240,000|495,000|
|Designated<br>—Audience||||||||
|Development||||||165,207|165,207|
|Designated —Production||||||300,000|300,000|
|Designated —Capital and||||||||
|Special Project|||596000|||~124.439|471,561|
|Total Unrestricted<br>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<br>Development|||||||165,207|165,207|
|Designated<br>—Capital and<br>Special Project<br>Total Unrestricted<br>Funds||||596,000<br>3,777,997|5,536,407|5,985,448|124,439|471,561<br>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<br>(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<br>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<br>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<br>and Legacies|||||
|Revenue<br>grants —general|||2,085,507|2,314,802|
|Trusts and foundations||||3,000|
|Individual<br>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<br>fees|||82,500|92,500|
|Profit in trading<br>subsidiary|||813,797|455,088|
|(Loss) in trading<br>subsidiary|||(799,620)|(499,428)|
|(Loss) in trading<br>subsidiary|||(20,492)|(40,780)|
||||76,185|7,380|
|Investment<br>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—<br>education|||16,743|9,462|
|Boxoffice —visiting companies|||5,848,689|4,433,293|
||||8,963,134|5,907,121|
|Post Sheffield<br>Income|||131,170|45,372|
|Hire ofpremises|||129,993|369,940|
|Programme<br>income|||97,459|37,132|
|Memberships|||105,739|83,389|
|Miscellaneous<br>income|||1,019,058|965,128|
||||1,483,419|1,500,961|
|Total incoming<br>resources<br>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<br>charges|||23,406||19,595||
|Charitable<br>activities|||||||
|Sheffield Production|Costs||||||
|Wages and salaries|||16,299||37,668||
|Scenery, costumes<br>and materials|||292,942||188,551||
|Production<br>Services|||2,360,862||1,207,905||
|Royalties and commissioned||fees|88,117||96,525||
|Additional<br>directors' designers'|||||||
|and other guests' fees|||103,035||68,331||
|Indirect production<br>consumables|||59,673||42,242||
|Miscellaneous|||164,168||53,087||
||||3,085,096||1,694,309||
|Education<br>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<br>costs|||51,525||23,041||
|Licence and subscriptions|||969||2,375||
||||4,346,625||3,427,403||
|Total Production<br>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,<br>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<br>Costs||||||
|Stationery/photocopying|||16,664||10,427|
|IT maintenance<br>8 peripherals|||76,823||63,349|
|Travel and entertaining|||28,136||11,410|
|Professional<br>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<br>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<br>resources|||13,182,338||9,934,966|
|Resources expended||||||
|Direct charitable<br>expenditure|||(12,513,512)||(9,828,816)|
|Other expenditure|||(696,110)||(600,768)|
|Exceptional<br>items||||||
|Tax on ordinary<br>activities|||799,620||499,428|
|NET MOVEMENT<br>IN UNRESTRICTED FUNDS|BEFORE|||||
|TRANSFERS|||772,336||4,810|
|TRANSFERS|||(184,439)||565,446|
|NET MOVEMENT<br>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<br>Ltd|||20,000||||
|The Freshgate<br>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<br>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<br>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<br>income|||||||
|Revenue<br>grants —general|||||2,918|12,224|
|Individual<br>gifts|||||155,058|149,780|
||||||157,976|162,004|
|Activities for generating|funds||||||
|Management<br>fees|||||32,500|42,500|
||||||32,500|42,500|
|Income from intercompany|||recharges||4,537,859|3,736,068|
|Investment<br>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<br>Income|||||3,104|323|
|Memberships|||||105,739|83,389|
|Corona virus job retention||fund||||15,993|
|Miscellaneous<br>income|||||435,513|384,339|
||||||544,356|488,044|
|Total incoming<br>resources<br>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<br>charges|||22,942||19,436||
|Charitable<br>activities|||||||
|Sheffield Production|Costs||||||
|Wages and salaries|||16,299||37,443||
|Scenery, costumes<br>and materials|||429||6,506||
|Production<br>Services|||(1,369)||(9,979)||
|Royalties<br>and commissioning||fees|79||1,536||
|Additional<br>directors',|designers'||||||
|and other guests' fees|||18,360||20,158||
|Indirect production<br>consumables|||(812)||230||
|Miscellaneous|||30,094||9,516||
||||63,080||65,410||
|Education<br>project costs|||112,847||148,830||
||||175,927||214,240||
|Visiting Companies|Costs||||||
|Visiting companies fees|||85,343||40,697||
|Programme<br>costs|||49,606||21,996||
|Licence and subscriptions|||184||2,055||
||||135,133||64,748||
|Total production<br>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<br>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<br>selling|costs|9,684||7,444||
|Credit card commission||142,558||113,936||
|Telephone,<br>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<br>Costs|||||
|Stationery/photocopying/postage||16,561||10,307|
|IT Maintenance<br>& peripherals||72,897||53,001|
|Travel and entertaining||26,722||11,221|
|Professional<br>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<br>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<br>resources||5,536,407||4,511,736|
|Resources expended|||||
|Direct charitable<br>expenditure||(4,480,837)||(3,796,659)|
|Other expenditure||(1,504,611)||(554,254)|
|NET MOVEMENT<br>IN UNRESTRICTED FUNDS|||||
|BEFORETRANSFERS||(449,041)||160,823|
|TRANSFERS||||90,237|
|NET MOVEMENT<br>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<br>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<br>ON FUNDS||||(449,041)||(451,340)|