2023-03-31-accounts - Royalty Theatre Sunderland

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Contents	Pages
Trustees' report	I —4
Independent examiner's report
Statement offinancial activities
Balance sheet
Notes to the annual statement ofaccounts	8 —14

The following	The following	page does not form part ofthe
statutory	accounts
Barprofit	and	loss account

						Total	Total
				Unrestricted	Restricted	Funds	Funds
		Notes		Funds	Funds	2023	2022
				g
INCOME
Donations, legacies and	similar incoming resources		2	17		17	23,200
Income from charitable	activities
Theatre receipts				37,290		37,290	27,865
Bar sales				17,988		17,988	14,043
Other income				2,839		2,839	41,012
Income )rom investments				526		526
TOTAL INCOME				58 660		58 660	106 131
EXPENDITURE
Expenditure on charitable		activities
Theatre running costs				62,562		62,562	40,718
Cost ofrunning bar				11,937		11,937	9,738
Other expenditure				2,084		2,084	1,928
Kitchen Refurbishment							1,207
TOTAL EXPENDITURE				76 583		76583	53 591
Net income/(expenditure)				(17,923)		(17,923)	52,540
Transfer between funds
Net movement in funds				17923		~17923	52540
Funds brought forward at 1 April 2022				262,768	59,987	322,755	270,215
FUNDS CARRIED FORWARD AT 31MARCH			2023			~432

		Notes		2023		2022
FIXEDASSETS
Tangible assets		13		189,141		184,532
CURRENT ASSETS
Stock			986		949
Debtors and prepayments		14	3,468		6,420
Cash at bank Cash in hand		15 16	114,695 ~l		133,952 341
			119329		141662
CURRENT LIABILITIES:amounts	falling due
within one year
Creditors and accruals		17
NET CURRENT ASSETS				115691		138223
TOTAL ASSETS				~2		~2
FUNDS		18
Restricted				59,987		59,987
Unrestricted
-designated			189,141		184,532
-general			55 704		78236
				244 845		262 768
						~22

life ofthese fixed assets and their antic	ipated residual va	lue:
Freehold theatre	2%	straight	line
New bar	10%	straight	line
Bar fixtures and fittings	10%	straight	line
Theatre fixtures and fittings	10%	straight	line
Technical fixtures	10%	straight	line

	Income fo	r the year ended 31March 2022 consisted o	ff19,997restricted and f3,203 unrestrict	ed funds
			Unrestricted	Unrestricted
			Funds	Funds
3,	INVESTMENT INCOME		2023	2022
			g
	Bank interest (gross)
			Unrestricted	Unrestricted
			Funds	Funds
4.	THEATRE	RECEIPTS	2023	2022
	Membership	subscriptions	3,725	355
	Ticket sales	(net ofcommission)	29,205	25,710
	Hire ofmain	theatre	4 360	1 800

Unrestricted	Unrestricted	Unrestricted
	Funds	Funds
OTHER INCOME	2023	2022
Sunderlsnd County Council- Covid Support		15,934
Entertainment committee	2
Hiscox Insurance Income	1,726	23,905
Net income from sale ofsweets
Coffees, ice creams and raffle tickets etc		1 173
	2 839
THEATRE RUNNING COSTS	2023	2022
Production costs	1,724	1,389
Royalties	4,045	2,650
Publicity (net ofgrants)	2,378	1,402
Wages and cleaning	10,167	9,846
Repairs and renewals	7,153	1,364
Theatre Canopy Repair (net ofinsurance)		158
Insurance	5,545	3,980
Printing, postage and stationery	374	86
Rates and refuse	1,157	437
Heat, light and water	15,088	6,870
Telephone	543	457
Depreciation	9,802	9,627
LTG conference costs	143	88
Bank charges	411	330
Sum up charges	298	160
Website	607	694
Scripts net ofsales	615	612
Donations	1,590	216
TV licence and software	294	289
Loss on disposal ofassets	475
Flowers for foyer	134
Worldpay charges	19 ~2562	63
Theatre running costs were f62562 (2022:I'40718)ofwhich 862562 was unrestricted	(2022:f40718) and
I:nil was restricted (2022:fail).
Unrestricted		Unrestricted
	Funds	Funds
COSTS OF RUNNING BAR	2023	2022
	g
Cost ofbar sales	11,138	9,571
Expenses	591	34
Depreciation offixtures and fitfings	208 ~3	133

13.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
		Freehold			Technical
		Theatre	New Bar	Theatre	Equipment		Bar	Total
			g
	Cost
	At 1 April 2022 Additions Disposals	193,434 11,999 ~570	7,784	113,383 1,665 ~8318	12,238 685		2,820 745 ~100	329,659 15,094 ~8988
	At 31March 2023						~4
	Depreciation
	At 1 April 2022 Charge for year Disposals	48,874 4,109 ~110	7,783	80,632 4,538 ~8304	5,804 1,155		2,034 208 ~99	145,127 10,010 ~8513
	At 31March 2023						~214	~14
	Net BookValue At 31March 2023				~4
	At 31March 2022				~44			~42
14.	DEBTORS AND PREPAYMENTS						2023	2022
	Other debtors						136
	VAT						3,053	1,408
	Prepayments						279	5012 ~42
15.	CASH AT BANK						2023	2022
	Royal Bank ofScotland pic					~1		133952
16.	CASH IN HAND						2023	2022
	Theatre float						130	100
	Bar						50	58
	Entertainment committee							183
17.	CREDITORS: Amounts	falling due					2023	2022
	within one year
	Other creditors and accruals						3,621	3,236
	VAT						17	203
								343

FUNDS		B/fwd				Balance
		01.04.22	Income	Expenditure	Transfers	31.03,23
Unrestricted Funds
Designated
Capital account		184,532		(10,485)	15,094	189,141
General fund		78236	58 660	~66 098	~15094	55704
Total Unrestricted	Funds			~63
Restricted Funds
Refurbishment fund
Total Funds		22 55				3Q4832
FUNDS —prior year		B/fwd				Balance
		01.04.21	Income	Expenditure	Transfers	31.03.22
Unrestricted Funds
Designated
Capital account		163,924		(9,760)	30,368	184,532
General fund		45 097	86 134	~42 624	~10371	78236
Total Unrestricted	Funds	2 21
Restricted Funds Refurbishment fund		~4	~	~12
Total Funds		~21	~11	~53

ANALYSIS OFNET ASSETS	BETWEEN FUNDS- prior y	ear	ear
	Restricted	Unrestricted
		General	Designated	Total
Fixed assets			184,532	184,532
Net current assets	59,987	78,236		138,223
			~42