2022-03-31-accounts - The Bubble Theatre Company Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			CONTENTS	CONTENTS
					Page
Reference	and administrative		details ofthe Charity,	its Trustees and advisers
Chairman's	statement
Trustees'	report				3-9
Independent auditors'		report	on the financial statements		10-13
Statement	offinancial activities
Income snd expenditure		account			15
Balance sheet					16-17
Statement	ofcash flows
Notes to the financial statements					19-33

Trustees			SirS H W Hughes, Chair (appointed 6 April 2009) MJWebber, Trustee (appointed 13January 2022) J P Weston, Trustee (appointed 13January 2022) G Ashworth, Trustee (appointed 13January 2022) G G Bowers, Trustee (appointed 13January 2022) Or0P Marandos, Trustee (appointed 13January 2022) A M Shields, Trustee (appointed 13January 2022) TSithole, Trustee (appointed 3December 2018) SP Macnee, Trustee (appointed 8 February 2018) SJTimothy, Trustee (appointed 14October 2005) T LEPullen, Trustee (resigned 13January 2022) FJStokes, Trustee (resigned 13January 2022) T Cheltenham, Trustee (appointed 13January 2022)	SirS H W Hughes, Chair (appointed 6 April 2009) MJWebber, Trustee (appointed 13January 2022) J P Weston, Trustee (appointed 13January 2022) G Ashworth, Trustee (appointed 13January 2022) G G Bowers, Trustee (appointed 13January 2022) Or0P Marandos, Trustee (appointed 13January 2022) A M Shields, Trustee (appointed 13January 2022) TSithole, Trustee (appointed 3December 2018) SP Macnee, Trustee (appointed 8 February 2018) SJTimothy, Trustee (appointed 14October 2005) T LEPullen, Trustee (resigned 13January 2022) FJStokes, Trustee (resigned 13January 2022) T Cheltenham, Trustee (appointed 13January 2022)
Company	registered
number			01058397
Charity registered
number			264359
Registered		office	3-5Elephant Lane
			London
			SE164JD
Company	secretary		SP Macnee
Independent		auditors	Barnes Rotfe LLP
			Chartered Accountants
			Statutory Auditor
			Leytonstone House
			Leytonstone
			London
			E111GA
Bankers			National Westminster	Bank
			London Bridge (A) Branch PQ Box35
			10Southwark Street
			London
			SE11TJ
Interim Joint Directors		Executive	Lucy Bradshaw and Marie Vickers

				Building	Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds	funds
				2022	2022	2022	2022	2021
			Note				8
income and
endowments		from:
Donations and		legacies			211,341	138,226	349,567	618,873
Charitable activities
and support costs						82,462	82,462	67,279
Investments						13	13	1
Other income						21,518	21,518	6,212
Total income		and
endowments					211,341	242,219	453,560	592,365
Expenditure	on:
Raising funds						21,342	21,342	21,000
Chaditable activities				20,234	285,496	167,126	472,856	496,316
Total expenditure				20,234	285,496	188,468	494,198	517,316
Net movement		in
funds				(20,234)	(74,155)	53,751	(40,638)	75,049
Reconciliation		of
funds:
Total funds brought
forward				172,386	82,955	59,546	314,887	239,638
Net movement		in funds		(20,234)	(74,155)	53,751	(40,638)	75,049
Total funds carried
forward				152,152	8,800	113,297	274,249	314,867

				Total funds	Total funds
				2022 5	2021f
Gross income in the reporting		period		453,550	592,365
Less: Total expenditure				(473,964)	(497,082)
Net income/(expenditure)	for	the reporting	period	(20rl04)	95,283
The notes on pages 19to	33form part ofthese financial statements.

				2022		2021
		Note				8
Fixed assets
Tangible assets Current assets				152,152		172,819
Debtors		12	100,665		26,618
Cash at bank and in hand			142,091		263,584
			242,756		290,202
Creditors: amounts	falling due within one
year		13	(81,546j		(98,134)
Net current assets				161,210		192,068
Total assets less current Sabilities				313,362		364,887
Creditors: amounts	falling due after more
than one year		14		(39,113)		(50,000)
Total net assets				274,249		314,887
Charity funds
Restricted funds:
Project fund		15	8,800		82,955
Building fund		15	152,152		172,386
Total restricted funds Unrestncted funds		15 15		160,952 113,297		255,341 59,546
Totalfunds				274,249		314,887

	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
	FORTHE YEAR ENDED 3'I MARCH 2022
			2022	2021
			F
Cash flows from operating	activities
Net cash used in operating	activities		(121,506)	112,886
Cash flows from investing	activities
Interest received			13
Net cash provided by investing activities			13
Cash flows from financing	activities
Cash inllows from new borrowing				50,000
Net cash provided by financing activities				50,000
Change in cash and cash	equivalents In	the year	(121,493)	162,887
Cash and cash equivalents	atthe beginning	ofthe year	263,584	100,697
Cash and cash equivalents	atthe end of	the year	142,091	263,584
The notes on pages 19to 33form perl ofthese Anancial statements

						Restricted	Unrestricted	Total
						funds	funds	funds
						2D22	2022	2022
Grants						6	6	6
Age LIK Lewisham and Southwark						420		420
Albion Street Community	Charity					500		5DD
Arts Council National Lottery Project			Grants			12,494		12,494
Arts Council Funding: Culture Recovery Fund							118,475	118,475
Jack Petchey Foundation						850		850
Southwark Council Neighbourhoods			Fund			6,000		6,DDD
The Bntish Land Company	PLC	Community		Investment	Fund	10,000		10,000
Rotherhithe Consolidated BBCChildren in Need	Charities					2,000 250		2,000 250
The ExPat Foundation						13,000		13,000
The National Lottery Community		Fund				36,271		36,271
A New Direction						5,000		5,00D
Walcott Foundation						3,667		3,667
Communication Trust						13,667		13,667
Wakafield & Tetley Trust						2,000		2,000
Umted StSaviour's Charity						24,000		24,000
The City Bridge Trust						25,800		25,800
The London Borough ofSouthwark						1,947	44,000	45,947
Catalyst						5,000		5,000
The Henry Smith Charity							18,000	18,000
Furlough							2,873	2,873
Subtotal detailed disclosure						162,866	183,348	346,214
Donations							3,353	3,353
						211,341	138,226	349,567

		Restncted	Unrestrfcted	Total
		funds	funds	funds
Grants		2021f	2021f	2021
A New Direction BBCChildren in Need		38,250 8,770		38,250 8,770
British Land		10,548		10,548
Catalyst		5,000		5,000
Communication Trust Francis Winham Foundation		21,333 5,000		21,333 5,000
LBSouthwark			68,286	68,286
Rotherhithe Consolidated	Charity	3,000		3,000
Royal Opera House		500		500
The Amicable Society's School, Rotherhithe The Big Lottery The Brook Trust The City Bridge Trust The Education Endowment Foundation The Henry Smith Charity The Jack Petchey Achievement Awards		1,000 75,622 12,200 15,000 750	33,800 15,000	1,000 75,622 33,800 12,200 15,000 15,000 750
United StSaviour's		18,250		18,250
Welcotl Foundation		11,000		11,000
Paul Hamlyn Foundation		90,000		90,000
Subtotal detailed disclosure		316,223	117,086	433,309
Donations			28,142	28,142
Government grants			57,422	57,422
Subtotal			85,564	85,564
		316,223	202,650	518,873

		Unreshicted	Total
		funds	funds
		2022	2022
	Theatre fees	82,462	82,462
		Unrestricted	Tata)
		funds	funds
		2021	2021
	Theatre fees	67,279	67,279
6.	Other income
		Unrestricted	Total
		funds	funds
		2022	2022
		F
	Rental income	21,518	21,518
		Unrestricted	Total
		funds	funds
		2021	2021
	Rental income	6,212	6,212

Staff costs
	2022	2021
		5
Wages and salaries	216,613	277,734
Social security costs	15,918	18,581
Other pension oosts	6,777	7,586
	239,308	303,901

			Theatre and
		Building	office
		Improvements	equipment	Total
			6	6
	Cost orvaluation
	At 1 April 2021	323,750	120,384	444,134
	At 3'I March 2022	323,750	120,384	444,134
	Depreciation
	At 1 April 2021	151,364	119,951	271,315
	Charge forthe year	20,234	433	20.667
	At 31 March 2022	171,598	120,384	291,982
	Net book value
	At 31 March 2022	152,152		152,152
	At 31Starch 2021	172,386	433	172,819
12.	Debtors
			2022	2021
			5
	Trade debiom		56,940	9,389
	Other debtors			15,916
	Prepayments and accrued income		43,725	1,313
			100,665	28,618

		2022	2021
Bank loans		10,000
Trade creditors		24,931	10,597
Other taxation and social security		12,654	8,379
Pension fund loan payable		1232	1,451
Other creditors		582
Accruals and deferred	income	32,147	77,707
		81,546	98,134

			2022	2021
			8
Bank loans			39,113	50,000
Included	within the above are amounts	falling due as follows:
			2022	2021
Between	one and two years
Bank loans			10,000	10,000
Between	two and five years
Bank loans			29,113	40,000

		Balance at 1			Balance at 31
		April 2021 f	Income f	Expenditure f	March 2022 f
Unrestricted	funds
General fund		59,111	242,219	(188,035)	113,295
Capital fund		435	~	(433)	2
		59,546	242,219	(188,468)	113,297
Restricted funds
Project fund		82,955	211,341	(285,496)	8,800
Building fund		172,386		(20,234)	152,152
		255,341	211,341	(305,730)	160,952
Total offunds		314,887	453,560	(494,198)	274,249

						Balance at
			Balance at			31inarch
			1April 2020	income	Expenditure	2021
Unrestricted		funds
General fund			46,348	276,142	(263,379)	59,111
Capital fund			870		(435)	435
			47,218	276, 142	(263,814)	59,546
Restricted	funds
Project funcf				316,223	(233,268)	82,955
Building fund			192,620		(20,234)	172,386
			192,620	316,223	(253,502)	255,341
Total offunds			239,838	592,365	(517,316)	314,887

Summar	y	offunds - current year
			Balance at 1			Balance at 31
			April 2021	Income 6	Expenditure 6	March 2022 6
General	funds		59,546	242,219	(188,468)	113,297
Restricted		funds	255,341	211,341	(305,730)	160,952
			314,887	453,560	(494,198)	274,249
Summary		offunds - prior year
						Balance at
			Balance at			31March
			1April 2020 5	Income 8	Expenditure 8	2021
General	funds		47,218	276, 142	(263,8I4)	59,546
Restricted		funds	192,620	318,223	(253,502)	255,341
			239,838	592,365	(517,316)	314,887

					2022	2021
Net income/expenditure		for the year (as per	Statement	of Financial
ActiVities)					(40,638)	75,040
Adjustments for:
Depreciation charges					20,667	20,660
interest received Decrease/(increase)	in	debtors			(13) (74,047)	(f) 7,481
Increase/(decrease)	in	creditors			(31,124)	9,686
Net cash provided	(used in)/by operating		activities		(125,155)	f12,885

canceliable	o	perating leases as follows:
			2522	2021
			5
Not later than		1 year	25,DDD	25,000
Later than	1 year and not later than 5years		1DD,DDD	100,000
Later than	5years		5D,DDD	75,000
			175,DDD	200,000