## ## ||||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|| |||||che
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eem| ## ## ## |16|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)|