2021-03-31-accounts - Headlong Theatre Limited

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			Page
Report OfThe Trustees			1-8
Statement ofReport	ofthe Trustees	responsibilities
Independent auditor's	report		10-12
Statement offinancial	activities		13
Balance sheet			14
Statement ofcash flows			15
Notes to the financial	statements		16-28

Trustees					D Munday
					R Huntrods
					N Jones
					P Puwanarajah	(resigned	from the board 19th November	2020)
					T Phillips
					C Donald
					M Whitlum
					LWan
					J Hurt
					S Ellis
					J Bennett
					L Lambley
Charity	number				267965
Company		number			01171757
Registered office					17Risborough	Street
					London
					United Kingdom
					SE1 OHG
Auditor					Azets Audit Services
					2nd Floor
					Regis House
					45 King William	Street
					London
					United Kingdom
					EC4R 9AN
Bankers					HSBC pic
					65 Cornmarket	Street
					Oxford
					OX1 3HY
Key Management			Personnel:
Chief Executive /Artistic				Director	J Herrin (to 31st May 2020)
Chief Executive					A Stacey (from	1stJune	2020)
Executive		Director			A Stacey

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021		2020	2020	2020
		Notes				F
hm~uua;
Donations and legacies		3	771,261	175,068	946,329	758,956	107,500	866,456
Charitable activities		4	145,100		145,100	519,193		519,193
Investments		5	2,355		2,355	3,287		3,287
Total income			918,716	175,068	1,093,784	1,281,436	107,500	1,388,936
ht
Charitable activities		6	807,869	202,012	1,009,881	1,381,438	55,532	1,436,970
Net incoming/
(outgoing) resources
before transfers			110,847	(26,944)	83,903	(100,002)	51,968	(48,034)
Gross transfers
between funds			39,722	(39,722)
Net income/(expenditure)
for the year/
Net movement	in funds		150,569	(66,666)	83,903	(100,002)	51,968	(48,034)
Fund balances at 1
April 2020			423, 187	186,802	609,989	523,189	134,834	658,023
Fund balances	at 31
March 2021			573,756	120,136	693,892	423,187	186,802	609,989

					2021		2020
				Notes	f
Fixed assets
Tangible assets				10		2,406		4,102
Investments				11		1		1
						2,407		4,103
Current assets
Debtors				12	171,705		483,091
Cash at bank and	in	hand			712,009		400,266
					883,714		883,357
Creditors: amounts		falling due within
one year				13	(192,229)		(277,471)
Net current assets						691,485		605,886
Total assets less	current		liabilities			693,892		609,989
Income funds
Restricted funds				14		120,136		186,802
Unrestricted funds						573,756		423,187
						693,892		609,989

					2021		2020
				Notes	E
Cash flows from operating			activities
Cash generated from/(absorbed by)				19
operations						310,379		(169,124)
Investing	activities
Purchase	oftangible fixed	assets			(993)		(550)
Investment	income received				2,355		3,286
Net cash	generated from	investing
activities						1,362		2,736
Net cash	used in financing		activities
Net increase/(decrease)		in cash and		cash
equivalents						311,741		(166,388)
Cash and	cash equivalents		at beginning	ofyear		400,266		566,654
Cash and	cash equivalents		at end of	year		712,009		400,266

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
			K		f		F
Trust funding	and
donations		78,959	92,500	171,459	79,162		79,162
Grants - Art	Council
England		692,302		692,302	679,794		679,794
BBCFunding			82,568	82,568		107,500	107,500
		771,261	175,068	946,329	758,956	107,500	866,456

		Operation	Operation
		oftouring	oftouring
		theatre	theatre
		2021	2020
		E	f
Performance	and workshop fees	75,488	416,361
Royalty Income			11,632
Theatre Tax	Relief	69,612	91,200
		145,100	519,193

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
Interest	receivable	2,355	3,287

				Operation	Operation
				ofTouring	ofTouring
				Theatre	Theatre
				2021	2020
					E
Operation		ofTouring	Theatre	518,216	981,204
Share of	support costs (see note 7)			466,126	446,096
Share of	governance		costs (see note 7)	25,539	9,670
				1,009,881	1,436,970
Analysis	by fund
Unrestricted		funds		807,869	1,381,438
Restricted		funds		202,012	55,532
				1,009,881	1,436,970

Support	costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
		F	E	f	E
Staff costs		454,078		454,078	424,002		424,002
Depreciation		2,689		2,689	5,273		5,273
Bad Debts					236		236
Computer	Expenses	9,209		9,209	8,682		8,682
Finance Costs		150		150	7,903		7,903
Audit fees			12,287	12,287		8,202	8,202
Legal and	professional		12,753	12,753		543	543
Board Expenses			499	499		925	925
		466,126	25,539	491,665	446,096	9,670	455,766
Analysed	between
Charitable	activities	466,126	25,539	491,665	446,096	9,670	455,766

					2021	2020
					Number	Number
					12
Employment	costs				2021	2020
						K
Wages and	salaries				454,078	424,002
The number	ofemployees	whose annual	remuneration	was f60,000 or more were:
					2021	2020
					Number	Number
					2	2

Tangible fix	ed asset	s
			Plant and	Fixtures and	Total
			equipment	fittings
			f
Cost
At 1 April 2020			55,576	12,215	67,791
Additions			993		993
At 31 March	2021		56,569	12,215	68,784
Depreciation	and impairment
At 1 April 2020			52,512	11,177	63,689
Depreciation	charged	in the year	2,143	546	2,689
At 31 March	2021		54,655	11,723	66,378
Carrying amount
At 31 March	2021		1,914	492	2,406
At 31 March	2020		3,064	1,038	4,102

Cost or	valuation
At 1 April	2020 8 31 March 2021
Carrying	amount
At 31 March 2021

Debtors	Debtors
Amounts falling due within one year:		2021f	2020
Trade debtors		17,137	221,347
Other debtors		51,360	57,334
Prepayments	and accrued income	103,208	204,410
		171,705	483,091

Creditors: am	ounts f	alling due within one year
			2021	2020
				E
Other taxation	and social security		3,125	17,746
Trade creditors			145,550	72,497
Amounts owed	to fellow group undertakings			76,710
Other creditors			4,817	34,421
Accruals and deferred		income	38,737	76,097
			192,229	277,471

productio	n is sch	eduled to occur in the following financial y	ear:
				2020
				E
				f
Balance	b/fwd			23,725
Income	Released	in the year		(23,725)
Income	Deferred	In year	14,075
Balance	c/fwd at	31 March 2021	14,075

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Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
				E	F	F
Fund balances at 31
March 2021	are
represented	by:
Tangible assets		2,406		2,406	4,102		4,102
Investments		1		1	1		1
Current assets/
(liabilities)		691,485		691,485	419,301	186,585	605,886
		693,892		693,892	423,404	186,585	609,989

non-cancellable operating leases, which fall due as follo	ws:
	2021	2020
Within one year	48,789	22,789
Between two and five years	71,612	143,402
	120,401	166,191

Cash generated from	operations	operations				2021	2020
Surplus/(deficit) for the	year					83,903	(48,034)
Adjustments for:
Investment income recognised		in	statement	offinancial	activities	(2,355)	(3,287)
Amortisation and impairment of		intangible		assets		2,689	5,273
Movements in working	capital:
Decrease/(increase) in	debtors					311,384	(73,281)
(Decrease) in creditors						(85,242)	(49,795)
Cash generated from/(absorbed			by) operations			310,379	(169,124)