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|||||||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|
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|||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|
##
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##
||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||||||
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|||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||
##
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##
|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|
||||00I-|00I-|W|o
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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|
##
##
##
##
##
##