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|---|---|---|---|---|
|Reference and administrative|||details ofthe Charity, its Trustees and advisers||
|Chairman's|statement|||2-3|
|Trustees' report||||4-19|
|Independent|auditor's|report|on the financial statements|20-23|
|Consolidated|statement|offinancial activities||24|
|Consolidated|balance sheet|||25|
|Charity balance sheet||||26|
|Consolidated|statement|ofcash flows||27|
|Notes to the|financial statements|||28-48|
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
||Note||6|6|F|
|Income from:||||||
|Donations
and legacies
Charitable
activities||61,181|1,457,193
265,712|1,518,374
265,712|966,473
1,777.697|
|Other trading
activities|||108,340|108,340|549,188|
|Investments|||4,120|4,120|8,173|
|Total income||61,181|1,835,365|1,896,546|3,301,531|
|Expenditure
on:||||||
|Raising funds:|10|||||
|Voluntary
income|||180,479|180,479|207,226|
|Fundraising
income|||217,517|217,517|481,326|
|Charitable
activities|11|134'795|1 103'897|1'238'692|3013288|
|Total expenditure||134,795|1,501,893|1,636,688|3,701,840|
|Net income I(expenditure)||(73,614)|333,472|259,858|(400,309)|
|Net movement
in funds||(73,614)|333,472|259,858|(400,309)|
|Reconcglation
offunds:||||||
|Total funds brought
forward||2,408,430|1,945,843|4,354,273|4,754,582|
|Net movement
in funds||(73,614)|333,472|259,858|(400,309)|
|Total funds carried forward||2,334,816|2,279,315|4,614,131|4,354,273|
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||FOR|T|HE YEAR ENDED 31 MARCH 202|1||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|6|
|Cash flows from operating|activities|||||
|Net cash provided
byI(used in) operating|||activities|483,941|(224,729)|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||4,120|8,173|
|Purchase oftangible
fixed assets||||(4,434)|(76,881)|
|Net cash used in investing|activities|||(314)|(68,708)|
|Change
in cash and cash|equivalents|in the year||483,627|(293,437)|
|Cash and cash equivalents|at the beginning||ofthe year|1,176,231|1,469,668|
|Cash and cash equivalents|at the end|ofthe year||1,659,858|1,176,231|
|The notes on pages 28 to48 form part ofthese financial statements||||||
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
|||6|6|6|5|
|Grants|||889,668|889,668|450,386|
|Trusts and donations||61,181|483,880|545,061|371,071|
|Friends ofthe Watermill|||73,270|73,270|126,716|
|Sponsorship|||10,375|10,375|17,300|
|Legacies|||||1,000|
|Total donations|and legacies|61,181|1,457,193|1,518,374|966,473|
|Total 2020||78,478|887.995|966,473||
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|Grants|||||
|---|---|---|---|---|
||||2021
E|2020f|
|Arts Council||England - general grant|458,673|450,386|
|LA grant|||14,035||
|Job retention||scheme grant|416,960||
|Total|||889,668|450,386|
|Sponsorship|||||
||||2021|2020|
||||8|6|
|Sheepdrove||Organic Farm|6,000||
|Du Pre||||2,750|
|Horsey|Lightly||1,750|4,550|
|Saica Pack|||2,625|4,500|
|Heritage|Financial|||5,500|
|Total|||10,375|17,300|
##
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##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021
6|2021f|2020
8|
|Theatre, room and technical||hire|200|200|12,065|
|Restaurant,|bar and other income||108,140|108,140|537,123|
|Total 2021|||108,340|108,340|549,188|
|Total 2020|||549,188|549,188||
##
|Restaurant,
b|ar and other income and expend|iture||
|---|---|---|---|
|||2021|2020|
|||6|5|
|Income||108,140|537,123|
|Cost ofsales||(210,977)|(387,998)|
|Gross surplus||(102,837)|149,125|
|Administration
Net surplus|expense|(6,540)
~159377|(93,328)
55797|
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2020|
||8|6|5|
|Interest|4,120|4,120|8,173|
|Total 2020|8,173|8,173||
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##
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021f|2021f|2020f|
|Theatre box|office||||204,556|204,556|1,205,102|
|Touring productions|||||16,889|16,889|208,865|
|Outreach|||||||38,788|
|Excel/Federation||ofschools|||||6,647|
|Education
and youth theatre|||||25,233|25,233|111,350|
|Olher theatre|projects||||||7,726|
|Programme|receipts||||3,568|3,568|23,221|
|Tax credit on theatre production||||costs|15.466|15,466|175,998|
|Total 2021|||||265,712|265,712|1,777,697|
|Total 2020|||||1,777,697|1,777,697||
|Expenditure|on|voluntary|income|||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2021f|2021f|2020f|
|Staff costs|||||121,255|121,255|128,950|
|Premises costs|||||5,672|5,672|6,068|
|Office costs|||||5,083|5,083|7,671|
|Fundraising|and|appeal costs|||24,037|24,037|31,712|
|Publicity costs|||||24,432|24,432|32,825|
|Total 2021|||||180,479|180,479|207,226|
|Total 2020|||||207,226|207,226||
##
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##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2021f|2021
6|2021
8|2020
8|
|Production costs||459,590||459,590|2,218,451|
|Management|and administration|288,389||288,389|292,747|
|Support costs|||475,299|475,299|482,975|
|Governance|costs||15,414|15,414|19,115|
|Total2021||747,979|490,713|1,238,692|3,013,288|
|Total 2020||2,511,198|502,090|3,013,288||
##
##
||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
|||||6|6|8|
|Theatre productions||||306,883|306,883|1,427,498|
|Touring productions||||3,243|3,243|409,365|
|Outreach||||51,540|51,540|78,704|
|Excel/Federation||ofschools||||9,499|
|Youth theatre|||39,081|21,537|60,618|195,585|
|Irrecoverable|VAT|||32,983|32,983|67,974|
|Other theatre|projects|||162|162|2,256|
|Programmes||||4,161|4,161|12,938|
|Total 2021|||39,081|420,509|459,590|2,203,819|
|Total 2020|||80,016|2,123,803|2,203,819||
##
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##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021
6|2021f|2020|
|Staffcosts||||181,475|181,475|237,292|
|Premises and|repair costs|||47,857|47,857|9,567|
|Office costs||||5,083|5,083|6,623|
|Insurance||||1,774|1,774|2,568|
|Finance costs||||6.785|6,785|2,020|
|Other management||and administration|costs|37,438|37,438|27,557|
|Depreciation|and loss on disposal|||7,977|7,977|7,120|
|Total 2021||||288,389|288,389|292,747|
|Total 2020||||292,747|292,747||
##
|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021
8|2021f|2020
6|
|Staff costs|||207,835|207,835|198,216|
|Premises and|repair costs||81,342|81,342|80,719|
|Office costs|||5,237|5,237|9,520|
|Insurance|||13,880|13,880|21,831|
|ITrelated costs|||19,243|19,243|30,083|
|Other support|costs||6,844|6,844|19,015|
|Depreciation|and loss on disposal|95,714|45,204|140,918|138,223|
|Total2021||95,714|379,585|475,299|497,607|
|Total2020||96,014|401,593|497,607||
##
##
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##
##
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021|2021|2020|
||||||8|8|8|
||Professional
fees||||14,219|14,219|18,515|
||Trustees'|insurance|||1,195|1,195|600|
||Total 2021||||15,414|15,414|19,115|
|16.|Net income/(expenditure)|||||||
||This is stated after charging:|||||||
|||||||2021|2020|
|||||||8||
||Depreciation
oftangible|||fixed assets:||||
||- owned|by the charitable||group||148,895|162,427|
||Auditor's|remuneration|-|audit||7,190|6,970|
||Auditor's|remuneration|-|other services||4,910|3,485|
||Operating|lease rentals||||5,094|4,952|
||Pension|costs||||24,115|44,226|
##
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##
|Staff costs|||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2021|2020f|2021
6|2020
6|
|Wages and salaries|871,785|1,019,203|871,785|1,019,203|
|Social security costs|58,790|73,221|58,790|73,221|
|Other pension costs|24,115|29,594|24,115|29,594|
||954,690|1,122,018|954,690|1,122,018|
||||Group|Group|
|---|---|---|---|---|
||||2021|2020|
||||No.|No.|
|Average|employee|number|49|53|
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##
|||Long-|||||||
|---|---|---|---|---|---|---|---|---|
|||term|||Heating|I|||
||Freehold|leasehold|Theatre|Motor|cooling||Restaurant||
||property
f|property
6|equipment|vehicles
6|equipment|6|equipment
6|Totalf|
|Cost or|||||||||
|valuation|||||||||
|At 1 April 2020|4,044,681|68,596|226,455|15,097|583,443||147,678|5,085,950|
|AddiTions|||4,434||||~|4,434|
|Disposals|||||||(64)|(64)|
|At 31 March|||||||||
|2021|4,044,681|68,596|230,889|15,097|583,443||147,614|5,090,320|
|Depreciation|||||||||
|At 1 April 2020|1,025,859|62,312|179,209|12,679|203,384||131,047|1,614,490|
|Charge for the|||||||||
|year|84,034|786|17,252|605|39,766||6,452|148,895|
|On disposals|||||||(64)|(64)|
|At 31 March|||||||||
|2021|1,109,893|63,098|196,461|13,284|243,150||137,435|1,763,321|
|Net book value|||||||||
|At 31 March|||||||||
|2021|2,934,788|5,498|34,428|1,813|340,293||10,179|3,326,999|
|At 31 March|||||||||
|2020|3,018,822|6,284|47,246|2,418|380,059||16,631|3,471,460|
##
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##
|Name|||Company|Company|Holding|included|in|
|---|---|---|---|---|---|---|---|
||||number|||consolidation||
|Watermill|Theatre Productions|Limited|09280479||100'/o Yes|||
|The financial results ofthe subsidiary|||for the year were:|||||
|||||||Net|assets|
|Watermill|Theatre Productions|Limited||||||
|Stocks||||||||
||||Group|Group|Charity||Charity|
||||2021|2020||2021|2020|
||||8|8||6|E|
|Restaurant|and bar||5,248|7,754||5,248|7,754|
|Merchandise|||307|686||307|686|
||||5,555|8,440||5,555|8,440|
##
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##
|21.|Debtors|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Group
2021|Group
2020|Charity
2021|Charity
2020|
|||||||||6|6|6|6|
||Trade debtors|||||||405|57,350|405|57,350|
||Amounts
owed||by group|||undertakings||||15,466|175,656|
||Other debtors|||||||64,920|189,116|49,453|13,459|
||Prepayments|and accrued income||||||57,590|59,684|57,590|59,684|
|||||||||122,915|306,150|122,914|306,149|
|22.|Creditors: Amounts||||falling due||within one year|||||
|||||||||Group|Group|Charity|Charity|
|||||||||2021|2020|2021|2020|
||||||||||E|6|6|
||Trade creditors|||||||43,515|76,321|43,515|76,321|
||Other taxation||and social security|||||14,825|24,345|14,825|24,345|
||Other creditors|||||||15,834|53,043|15,834|53,043|
||Accruals and|deferred|||income|||427,022|454,299|427,022|454,299|
|||||||||501,196|608,008|501,196|608,008|
|||||||||||Group|Group|
|||||||||||2021
6|2020f|
||Deferred income at|||1|April 2020|||||338,479|335,851|
||Resources deferred|||during the year||||||204,120|338,479|
||Amounts
released from previous||||||periods|||(190,588)|(335,851)|
|||||||||||352,011|338,479|
##
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##
##
|Statement offunds|-|current year|||||
|---|---|---|---|---|---|---|
||||Balance|||Balance at|
||||at 1 April|||31 March|
||||2020|Income|Expenditure|2021|
||||6|6|6|6|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Major capital works|||650,000|||650,000|
|Shorffalls
in BoxOffice||income|500,000|||500,000|
||||1,150800|||1,150,000|
|General funds|||||||
|Generalfunds|||795,843|1,835,365|(1,501,893)|1,129,315|
|Total Unrestricted|funds||1 i)45,843|1,835,365|(1,501,893)|2,279,315|
|Restricted funds|||||||
|Save the Watermill|Appeal||1,951833||(55,949)|1,895,284|
|ACE Sustainable
Grant- Energy Efficient|||442,360||(39,766)|402,594|
|Greenham
Community||Associate Fund|8,158|61,181|(34,229)|35,110|
|Andrew
Lloyd Webber||Foundation|6,679||(4,851)|1,828|
||||2,408,430|61,181|(134,795)|2,334,816|
|Total offunds|||4,354,273|1896,546|(1,636,688)|4,614,131|
##
##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at|||Transfers|31 March|
|||1 April 2019
6|Income|Expenditure
8|in/out
8|2020
f|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Major capital works||1,000,000|||(350,000)|650,000|
|Shortfalls
in BoxOffice|income|300,000|||200,000|500,000|
|Developing
and commissioning|||||||
|work||25,000|||(25,000)||
|Commercial
enterprise||25,000|||(25,000)||
|Development
of digital|capability|5,000|||(5,000)||
|||1,355,000|||(205,000)|1,150,000|
|General funds|||||||
|General funds||893,598|3,223,053|(3,525,808)|205,000|795,843|
|Total Unrestricted
funds||2,248,598|3,223,053|(3,525,808)||1,945,843|
|Restricted funds|||||||
|Save the Watermill
Appeal||2,007,482||(56,249)||1,951,233|
|ACE Sustainable
Grant- Energy|||||||
|Efficient||482,126||(39,766)||442,360|
|Greenham
Community|Associate||||||
|Fund||9,813|62,978|(64,633)||8,158|
|Andrew
Lloyd Webber|||||||
|Foundation||6,563|15,500|(15,384)||6,679|
|||2,505,984|78,478|(176,032)||2,408,430|
|Total offunds||4,754,582|3,301,531|(3,701,840)||4,354,273|
##
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##
|Summary|offunds - current ye|ar||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||||Balance at 1|||31 March|
|||||April 2020|Income|Expenditure|2021|
||||||6|6||
|Designated|funds|||1,150,000|||1,150,000|
|General funds||||795,843|1,835,365|(1,501,893)|1,129,315|
|Restricted|funds|||2,408,430|61,181|(134,795)|2,334,816|
|||||4,354,273|1,896,546|(1,636,688)|4,614,131|
|Summary|offunds - prior year|||||||
||||||||Balance at|
|||Balance at||||Transfers|31 March|
|||1 April|2019|Income|Expenditure|in/out|2020|
||||6|5|E||6|
|Designated|funds|1,355,000||||(205,000)|1,150,000|
|General funds||893,598||3223,053|(3,525,808)|205.000|795,843|
|Restricted|funds|2,505,984||78,478|(176,032)||2,408,430|
|||4,754,582||3,301,531|(3,701,840)||4,354,273|
##
##
##
##
##
|Analysis
Analysis|ofnet assets between funds
of net assets between funds - current year||||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||6||E|
|Tangible|fixed assets|1,978,519|1,348,480|3,326,999|
|Current|assets|356,297|1,432,031|1,788,328|
|Creditors|due within one year||(501,196)|(501,196)|
|Total||2,334,816|2,279,315|4,614,131|
|Analysis|of net assets between funds - prior year||||
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|||5|F|6|
|Tangible|fixed assets|2,074,234|1,397,226|3,471,460|
|Current|assets|334,196|1,156,625|1,490,821|
|Creditors|due within one year||(608,008)|(608,008)|
|||2,408,430|1,945,843|4,354,273|
|27.|Reconciliation
ofnet movement|Reconciliation
ofnet movement|Reconciliation
ofnet movement|in funds|in funds|to|net|cash flow|from|operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Group|Group|
||||||||||||2021|2020|
||||||||||||5|5|
||Net
income/expenditure
for||the|year|(as||per|Statement|of|Financial|||
||Activities)||||||||||259,858|(400,309)|
||Adjustments
for.||||||||||||
||Depreciation
charges||||||||||148,895|162,427|
||Dividends,
interests|and rents|from investments||||||||(4,120)|(8,173)|
||Loss on the sale of|fixed assets||||||||||1,865|
||Decrease
in stocks||||||||||2,885|154|
||Decrease/(increase)|in debtors|||||||||183,235|(3,911)|
||Increase/(decrease)|In creditors|||||||||(106,812)|23,218|
||Net cash provided|by/(used|in) operating|||activities|||||483,941|(224,729)|
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