2022-03-31-accounts - Headlong Theatre Limited

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			Page
Report OfThe Trustees			1-8
Statement of Report	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					JAudibert	(Appointed	(Appointed	30th November 2021)
					J Bennett (Deceased			11th January 2022)
					C Donald
					S Ellis
					J Head (Appointed		21st April 2022)
					R Huntrods
					J Hurt
					N Jones
					L Lambley
					D Munday
					T Phillips
					L Wan
					M Whitlum
Charity number					267965
Company	number				01171757
Registered	office				3rd Floor
					207 Waterloo Road
					London
					England
					SE1 SXD
Auditor					Azets Audit Services
					2nd Floor
					Regis House
					45 King William Street
					London
					EC4R 9AN
Bankers					HSBC pic
					65 Commarket Street
					Oxford
					OX1 3HY
Key Management		Personnel:
Artistic Director/Chief			Executive		H Race Roughan		(from 23rd August 2021)
Executive	Director/Chief			Executive	L Maguire	(from 19th April 2022)

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022		2021	2021	2021
		Notes
Income from:
Donations and	legacies		759,072	104,372	863,444	771,261	175,068	946,329
Charitable activities			28,018		28,018	145,100		145,100
Investments			1,236		1,236	2,355		2,355
Total income			788,326	104,372	892,698	918,716	175,068	1,093,784
Charitable activities		6	815,606	77,588	893,194	807,869	202,012	1,009,881
Net (outgoing)/incoming
resources before transfers			(27,280)	26,784	(496)	110,847	(26,944)	83,903
Gross transfers	between
funds			4,372	(4,372)		39,722	(39,722)
Net (expenditure)/income		for
the year/
Net movement	in funds		(22,908)	22,412	(496)	150,569	(66,666)	83,903
Fund balances	at 1 April	2021	573,756	120,136	693,892	423,187	186,802	609,989
Fund balances	at 31 March
2022			550,848	142,548	693,396	573,756	120,136	693,892

				2022		2021
			Notes	K		f
Fixed assets
Tangible assets			10		3,753		2,406
Investments			11		1		1
					3,754		2,407
Current assets
Debtors				116,783		171,705
Cash at bank and in	hand			687,966		712,009
				804,749		883,714
Creditors: amounts	falling due within
one year			13	(115,107)		(192,229)
Net current assets					689,642		691,485
Total assets less current		liabilities			693,396		693,892
Income funds
Restricted funds			14		142,548		120,136
Unrestricted funds				550,848		573,756
					550,848		573,756
					693,396		693,892

				2022		2021
			Notes
Cash flows from operating	activities
Cash (absorbed by)/generated		from
operations					(21,348)		310,379
Investing activities
Purchase oftangible fixed assets				(3,931)		(993)
Investment income received				1,236		2,355
Net cash (used in)/generated		from
investing activities					(2,695)		1,362
Net cash used in financing	activities
Net (decrease)/increase in	cash and		cash
equivalents					(24,043)		311,741
Cash and cash equivalents	at	beginning	ofyear		712,009		400,266
Cash and cash equivalents		at end of	year		687,966		712,009

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
						F	F
Trust funding	and
donations		66,770	104,372	171,142	78,959	92,500	171,459
Grants - Art	Council
England		692,302		692,302	692,302		692,302
BBCFunding						82,568	82,568
		759,072	104,372	863,444	771,261	175,068	946,329

		Operation ofOperation of	Operation ofOperation of
		touring	touring
		theatre	theatre
		2022	2021
Performance	and workshop fees	27,981	75,488
Theatre Tax	Relief	37	69,612
		28,018	145,100

Unrestricted	Unrestricted
funds	funds
2022f	2021 F
1,236	2,355

				Operation of	Operation of
				Touring	Touring
				Theatre	Theatre
				2022	2021
Operation		ofTouring	Theatre	430,917	518,216
Share of	support costs (see note 7)			438,189	466,126
Share of	governance		costs (see note 7)	24,088	25,539
				893,194	1,009,881
Analysis	by fund
Unrestricted		funds		815,606	807,869
Restricted		funds		77,588	202,012
				893,194	1,009,881

Support	costs
		Support	Governance	2022Support costs		Governance	2021
		costs	costs			costs
				f
Staff costs		389,859		389,859	454,078		454,078
Depreciation		2,584		2,584	2,689		2,689
Computer	Expenses	9,683		9,683	9,209		9,209
Marketing	costs	16,820		16,820	150		150
Office expenses		19,243		19,243
Audit fees	and other
services			9,825	9,825		12,287	12,287
Legal and	professional		13,794	13,794		12,753	12,753
Board Expenses			469	469		499	499
		438,189	24,088	462,277	466,126	25,539	491,665
Analysed	between
Charitable	activities	438,189	24,088	462,277	466,126	25,539	491,665

					2022	2021
					Number	Number
					10	12
Employment	costs				2022	2021
Wages and	salaries				389,859	454,078
The number	ofemployees	whose annual	remuneration	was f60,000 or more were:
					2022	2021
					Number	Number
					1	2

Tangible fix	ed asset	s
			Plant and	Fixtures and	Total
			equipment	fittings
Cost
At 1 April 2021			56,569	12,214	68,783
Additions			1,324	2,607	3,931
At 31 March	2022		57,893	14,821	72,714
Depreciation	and impairment
At 1 April 2021			54,655	11,722	66,377
Depreciation	charged	in the year	1,464	1,120	2,584
At 31 March	2022		56,119	12,842	68,961
Carrying amount
At 31 March	2022		1,774	1,979	3,753
At 31 March	2021		1,914	492	2,406

Cost or valuation
At 1 April 2021 &31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021

Debtors
		2022	2021
Amounts falling due within one year:
Trade debtors		18,363	17,137
Other debtors		36,023	51,360
Prepayments	and accrued income	62,397	103,208
		116,783	171,705

Creditors: amounts f	alling due within one year
		2022 E	2021f
Other taxation and social security		849	3,125
Trade creditors		75,758	145,550
Other creditors		14,786	4,817
Accruals and deferred	income	23,714	38,737
		115,107	192,229

			2021
Balance	b/fwd		23,725
Income	Released	in the year	(23,725)
Income	Deferred	In year
Balance	ci'fwd at	31 March 2022

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Analysis of	net assets	between	funds
		Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022		2021	2021	2021
Fund balances at 31
March 2022	are
represented	by:
Tangible assets			3,753		3,753	2,406		2,406
Investments			1		1	1		1
Current assets/(liabilities)		480,984		208,658	689,642	571,349	120,136	691,485
		484,738		208,658	693,396	573,756	120,136	693,892

	2022f	2021
Within one year	39,987	48,789
Between two and five years	73,534	143,402
	113,521	166,191


Cash gener	ated from	operat	io	ns				2022	2021
(Deficit)/surpus for the		year						(496)	83,903
Adjustments	for:
Investment	income recognised			in statement		offinancial	activities	(1,236)	(2,355)
Amortisation	and impairment		of	intangible	assets			2,584	2,689
Movements	in working	capital:
Decrease in	debtors							54,922	311,384
(Decrease)	in creditors							(77,122)	(85,242)
Cash (absorbed by)/generated				from operations				(21,348)	310,379