## ## ||||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| ||||2022|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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R O| ## ## |16|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|