2022-03-31-accounts

						Page
Reference and administrative				details ofthe Charity,	its Trustees and advisers
Chairman's	statement
Trustees' report						3-14
Trustees' responsibilities			statement			15
Independent	auditor's	report		on the financial statements		16-19
Consolidated	statement		offinancial activities			20
Consolidated	balance sheet					21
Charity balance sheet						22
Consolidated	statement		ofcash flows			23
Notes to the	financial statements					24-43

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
	Note	2022 6	2022 6	2022f	2021 F
Income from:
Donations and legacies		98,351	1,161,317	1,259,668	1,518,374
Charitable activities			1,098,422	1,098,422	265,712
Other trading activities			363,242	363,242	108,340
investments			1,596	1,596	4,120
Total income		98,351	2,624,577	2,722,928	1,896,546
Expenditure on:
Raising funds:
Voluntary income			257,858	257,858	180,479
Fundraising income			322,638	322,638	217,517
Charitable activities		183,962	2,042,605	2,226,567	1,238,692
Total expenditure		183,962	2,623,101	2,807,063	1,636,688
Net income I(expenditure)		(85,611)	1,476	(84,135)	259,858
Net movement in funds		(85,611)	1,476	(84,135)	259,858
Reconciliation offunds;
Tolal funds brought forward		2,334,816	2,279,315	4,614,131	4,354,273
Net movement In funds		(85,611)	1,476	(84,135)	259,858
Total funds carried forward		2,249,205	2,280,791	4,529,996	4,614,131

	FOR	TH	E YEAR ENDED 31 MARCH 202	2
				2022	2021
				6	E
Cash flows from operating	activities
Net cash provided by / (used in) operating			activities	212,961	483,941
Cash flows from investing	activities
Dividends, interests and rents from investments				1,596	4,120
Purchase oftangible fixed assets				(26,774)	(4,434)
Net cash used in investing	activities			(25,178)	(314)
Change in cash and cash	equivalents	in the year		187,783	483,627
Cash and cash equivalents	at the beginning		ofthe year	1,659,858	1,176,231
Cash and cash equivalents	at the end	ofthe year		1,847,641	1,659,858
The notes on pages 24 to 43form part ofthese financial statements

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
		5	5	6	8
Grants			757,554	757,554	889,668
Trusts and donations		98,351	302,993	401,344	545,061
Friends ofthe Watermill			86,520	86,520	73,270
Sponsorship			13,750	13,750	10,375
Legacies			500	500
Total donations	and legacies	98,351	1,161,317	1,259,668	1,518,374
Total2021		61,181	1,457,193	1,518,374

Grants
			2022	2021
			K	E
Arts Council England - general		grant	458,673	458,673
Arts Council England - culture		recovery grant	197,646
Local Authority	grant		33,000	14,035
Job retention	scheme grant		68/35	416,960
Total			757,554	889,668

		2022	2021
Sheepdrove	Organic Farm	6,000	6,000
Horsey Lightly		5,000	1,750
Saica Pack		2,750	2,625
Total		13,750	10,375

			Unrestricted	Total	Total
			funds	funds	funds
			2022 6	2022 6	2021f
Theatre, room and technical		hire	2,026	2,026	200
Restaurant,	bar and other income		361,216	361,216	108,140
Total 2022			363,242	363,242	108,340
Total 2021			108,340	108,340

Restaurant, b	ar and other income and expenditur	e
		2022	2021
Income		361,216	108,140
Cost ofsales		(314,379)	(210,977)
Gross surplus		46,837	(102,837)
Administration	expense	(8,260)	(6,540)
Net deficit		38,577	(109,377)

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
	6
1,596	1,596	4,120
4,120	4,120

					Unrestricted	Total	Total
					funds	funds	funds
					2022	2022	2021f
	Theatre box	office			833,344	833,344	204,556
	Touring productions				19,266	19,266	16,889
	Youth theatre, educa5on and outreach				68,466	68,466	25,233
	Other theatre	projects			2,902	2,902
	Programme	receipts			16,223	16,223	3,568
	Tax credit on theatre production			costs	158,221	158,221	15,466
	Total 2022				1,098,422	1,098,422	265,712
	Total 2021				265,712	265,712
10.	Expenditure	on voluntary	income
					Unrestricted	Total	Total
					funds	funds	funds
					2022	2022	2021
					6		E
	Staff costs				146,324	146,324	121.255
	Premises costs				11,088	11,088	5.672
	Office costs				6,568	6,568	5,083
	Fundralsing	and appeal costs			38,341	38,341	24,037
	Publicity costs				55,537	55,537	24.432
	Total 2022				257,858	257,858	180,479
	Total 2021				180,479	180,479

			Activities
			undertaken	Support	Total	Total
			directly	costs	funds	funds
			2022 8	2022f	2022 K	2021 8
Production	costs		1,265,685		1,265,685	459,590
Management		and administration	304,620		304,620	288,389
Support costs				640,165	640,165	475,299
Governance		costs		16,097	16,097	15,414
Total 2022			1,570,305	656,262	2,226,567	1,238,692
Total 2021			747,979	490,713	1,238,692

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022 K	2022 6	2022 6	2021f
Theatre productions			984,474	984,474	306,883
Touring productions			13,192	13,192	3,243
Outreach			86,380	86,380	51,540
Youth theatre		88,488	30,563	119,051	60,618
Irrecoverable	VAT		54,232	54,232	32,983
Other theatre	projects				162
Programmas			8,356	8,356	4,161
Total 2022		88,488	1,177,197	1,265,685	459,590
Total 2021		39,081	420,509	459,590

				Unrestricted	Total	Total
				funds	funds	funds
				2022 6	2022	2021f
Staff costs				231,129	231,129	181,475
Premises and	repair costs			19,451	19,451	47,857
Office costs				6,568	6,568	5,083
Insurance				2,724	2,724	1.774
Finance costs						6,785
Other management		and administration	costs	36,365	36,365	37,438
Depreciation	and loss on disposal			8,383	8,383	7,977
Total 2022				304,620	30i4620	288,389
Total 2021				288,389	288,389

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
		5		6	5
Staff costs			262,725	262,725	207,835
Premises and	repair costs		165,334	165,334	81,342
Office costs			6,767	6,767	5,237
Insurance			21,708	21,708	13,880
IT related costs			28,080	28,080	19,243
Other support	costs		12,576	12,576	6,844
Depreciation	and loss on disposal	95,474	47,501	142,975	140,918
Total 2022		95,474	544,691	640,165	475,299
Total 2021		95,714	379,585	475.299

					Unrestricted	Total	Total
					funds	funds	funds
					2022	2022	2021
						6	8
	Professional fees				14,655	14,655	14,219
	Trustees'	insurance			1,442	1,442	1,195
	Total 2022				16,097	16,097	15,414
16.	Net income/(expenditure)
	This is stated after charging:
						2022	2021
							E
	Depreciation oftangible			fixed assets:
	-owned	by the charitable		group		152,647	148,895
	Auditor's	remuneration	-	audit		7,550	7,190
	Auditor's	remuneration	-	other services		5,155	4,910
	Operating	lease rentals				4,785	5,094
	Pension	costs				30,299	24,115

	Group	Group	Charity	Charity
	2022	2021	2022	2021
		6	E	6
Wages and salaries	1,050,129	871,785	1,050,129	871,785
Social security costs	78,310	58,790	78,310	58,790
Other pension costs	30,299	24,115	30,299	24,115
	1,158,738	954,690	1,158,738	954,690

Group	Group
2022	2021
No.	No.
51	49

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	Investments
	in
	subsidiary
	companies
Charity	E
Cost or valuation
At 1 April 2021
At 31 March 2022

	Name					Company	Holding Included	Holding Included	in
						number		consolidation
	Watermill	Theatre Productions		Limited	09280479			100% Yes
	The financial		results ofthe subsidiary		for the year were:
						Income	Expenditure Net		assets
						E		E	E
	Watermill	Theatre Productions		Limited		835,886		(835,886)	1
20.	Stocks
					Group	Group		Charity	Charity
					2022 K 2021f			2022	2021 F
	Restaurant		and bar		8,572	5.248		8,572	5,248
	Merchandise				574		307	574	307
					9,146	5.555		9,146	5,555

21.	Debtors
								Group	Group	Charity	Charity
								2022	2021 8	2022	2021f
	Trade debtors							21,239	405	21,239	405
	Amounts owed by		group			undertakings				158,220	15,466
	Other debtors							163,307	64,920	5,086	49,453
	Prepayments	and	accrued income					75,420	57,590	75,420	57,590
								259,966	122,915	259,965	122,914
22.	Creditors: Amounts				falling due		within one year
								Group	Group	Charity	Charity
								2022	2021	2022	2021
								6	F	6	F
	Trade creditors							62,749	43,515	62,749	43,515
	Other taxation	and social security						43,087	14,825	43,087	14,825
	Other creditors							35,995	15,834	35,995	15,834
	Accruals and	deferred			income			644,839	427,022	644,839	427,022
								786,670	501,196	786,670	501,196
										Group	Group
										2022f	2021f
	Deferred income at			1	April 2021					352,011	338,479
	Resources deferred			during the year						354,162	204,120
	Amounts released		from previous				periods			(214,006)	(190,588)
										492,167	352,011

23.	Statement offunds
	Statement offunds	- current year
							Balance at
				Balance at 1			31 March
				April 2021	Income	Expenditure	2022
				K		E	F
	Unrestricted funds
	Designated funds
	Major capital works			650,000			650,000
	Shortfalls in BoxOffice income			500,000			500,000
				1,150,000			1,150,000
	General funds
	General funds			1,129,315	2,624,577	(2,623,101)	1,130,791
	Total Unrestricted	funds		2,279,315	2,624,577	(2,623,101)	2,280,791
	Restricted funds
	Save the Watermill	Appeal		1,895884		(55,709)	1,839,575
	ACE Sustainable Grant - Energy Efficient			402,594		(39,766)	362,828
	Greenham Community		Associate Fund	35,110	82,851	(80,220)	37,741
	Andrew Lloyd Webber		Foundation	1AI28	15,500	(8,267)	9,061
				2,334,816	98,351	(183,962)	2,249,205
	Total offunds			4,614,131	2,722,928	(2,807,063)	4,529,996

						Balance at
			Balance at			31 March
			1 April 2020	Income	Expenditure	2021
			E		6
Unrestricted funds
Designated funds
Major capital works			650,000			650,000
Shorffalls in Box Office		income	500,000			500,000
			1,150,000			1,150,000
General funds
General funds			795,843	1,835,365	(1,501,893)	1,129,315
Total Unrestricted	funds		1,945,843	1,835,365	(1,501,893)	2,279,315
Restricted funds
Save the Watermill	Appeal		1,951,233		(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	1,896,546	(1,636,688)	4,614,131

Summary	offunds - current year
					Balance at
		Balance at 1			31March
		Ap ri I2021 6	Income f	Expenditure	2022 E
Designated	funds	1,150,000			1,150,000
General funds		1,129,315	2,624,577	(2,623,101)	1,130,791
Restricted	funds	2,334,816	98,351	(183,962)	2,249,205
		4,614,131	2,722,928	(2,807,063)	4,529,996
Summary	offunds - prior year
					Balance at
		Balance at			31 March
		1 April 2020	Income	Expenditure	2021
		F	5	E	5
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

	Analysis ofne	t asse	ts	betwee	n f	unds -	curre	nt	year
										Restricted		Unrestricted	Total
											funds	funds	funds
											2022	2022	2022
											6	6	E
	Tangible fixed	assets								1,978,759		1,221,154	3,199,913
	Current assets										270,446	1,846,307	2,116,753
	Creditors due within one year											(786,670)	(786,670)
	Total									2,249,205		2,280,791	4,529,996
	Analysis ofnet assets			between funds - prior				year
										Restricted		Unrestricted	Total
											funds	funds	funds
											2021	2021	2021
											5	f	5
	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
27.	Reconciliation	of net movement				in funds to		net	cash flow	from	operating	activities
												Group	Group
												2022	2021
													F
	Net income/expenditure			for	the	year	(as	per	Statement	of	Financial
	Activities)											(84,135)	259,858
	Adjustments	for:
	Depreciation charges											152,647	148,895
	Dividends, interests		and rents		from investments							(1,596)	(4,120)
	Loss on the sale offixed assets											1213
	Decrease/(increase)		in	stocks								(3,591)	2,885
	Decrease/(increase)		in	debtors								(137,051)	183,235
	Increase/(decrease)		in creditors									285,474	(106,812)
	Net cash provided		by	operating		activities						212,961	483,941

				Group	Group
				2022 6	2021 f
Cash in hand				1,847,641	1,659,858
Total cash and cash	equivalents			1,847,641	1,659,858
Analysis ofchanges	in net debt
			At 1 April		At 31 March
			2021	Cash flows f	2022 6
Cash at bank and in hand			1,659,858	187,783	1,847,641
			1,659,858	187,783	1,847,641
Operating lease commitments
At 31 March 2022 the	Group and the Charity had	commitments	to make future	minimum lease payments
under non-cancellable	operating leases as foNows:
		Group	Group	Charity	Charity
		2022	2021	2022 6	2021f
Not later than 1 year		567	4.115	567	4,115
Later than 1 year and	not later than 5years	6,624	4,100	6,624	4,100
		7,191	8,215	7,191	8,215