2023-03-31-accounts

		Patte
Report OfThe Trustees		t-to
independent auditor's	report	11-13
Statement offinancial	activities
Balance sheet		15
Statement ofcash fiows		16
Notes tothe financial	statements	17-28

Trustees					ACornelius	ACornelius	(Appointed	4 June 2023)
					K Dickens		(Appointed	13June 2023)
					P Dillon		(Appointed	6December 2022)
					SEllis
					L Harvey		(Appointed	6December 2022)
					J Head		(Appointed	21 April 2022)
					C Heaney		(Appointed	14June 2023)
					J Hurt
					P Isaac		(Appointed	25January 2023)
					LLsmbley
					M Phillips
					TRacklin		(Appointed	6 December 2022)
					LWsn
Charity number					2B79B5
Company	number				01171757
Registered	office				3rd Floor
					207 Waterloo Road
					London
					England
					SE1 BXD
Auditor					Azsts Audit	Services
					2nd Floor
					Regis House
					45 King William Street
					London
					EC4R 9AN
Bankers					HSBC pic
					65Cornmarket Street
					Oxford
					OX1 3HY
Key management		personnel:
Artistic DirectorlChief			Executive		H Race Roughen
Executive Director/Chief				Executive	AStscey (to 19April 2022)
					LMaguire	(from 19April 2022)

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Tolal
				funds	funds		funds	funds
			Notes	2023	2023 8	2023 6	2022 f	2022 8	2022 6
~Inc ~etomt
Donations and legacies Charitable activities Investments			3 4 5	732,154 337,303 1,814	80,000	812,154 337,303 1,814	759,072 28,018 1,236	104,372	863,444 28,018 1,236
Total income				1,071,271	80,000	1,151,271	788,326	104,372	892,698
~ExggII~reo: Charitable activities			6	1,076,431	222,549	1,298,980	815,606	77,588	893,194
Gross transfers between funds							4,372	(4,372)
Net expenditure		forthe
year/ Net movement	In funds			(5,160)	(142,549)	(147,709)	(22,908)	22,412	(496)
Fund balances 2022	at	1 April		550,847	142,549	693,396	573,756	120,136	693,892
Fund balances March 2023	at31			545,687		545,687	550,848	142,548	893,396

			2023		2022
		Notes	8		8
Fixed assets
Tangible assets		10		3,236		3,753
Investments		11		1		1
				3,237		3,754
Current assets
Debtors		12	500,095		116,783
Cash at bank and in	hand		405,011		887,968
			905,906		804,749
Creditors: amounts	falling due within
one year		13	(363,456)		(115,107)
Net current assets				542,450		689,642
Total assets less current liabilities				545,687		693,396
Income funds
Restricted funds		14				142,548
Unrestricted funds				545,687		550,840
				545,087		093,390

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		general			general
		2023	2023	2023	2022	2022	2022
		e	e	e	e	e	e
Trust funding	snd
donations		39,852	80,000	119,852	66,770	104,372	171,142
Grants - Art	Council
England		692,302		692,302	692,302		692,302
		732,154	80,000	812,154	759,072	104,372	863,444

			Operation ofOpsration of	Operation ofOpsration of
			Touring	Touring
			Theatre	Theatre
			2023	2022
			6	8
Operation	ofTouring	Theatre	807,773	430,917
Share of	support costs (see note 7)		477,236	438,189
Share cf	governance	costs (see note 7)	13,971	24,088
			1,298,980	893,194
Analysts	by fund
Unrestdcted funds -		general	1,076,431	815,606
Restricted	funds		222,549	77,588
			1,298,980	893,194

Support	costs
		Support	Governance	2023$upporlcosts		Governance	2022
		COStS	COStS			costs
		8	C	6	6	f
Staff costs		368,930		368,930	389,859		389,859
Depreciation		1,557		1,557	2,584		2,584
Computer	Expenses	12,723		12,723	9,683		9,683
Marketing	costs	69,726		69,726	16,820		16,820
0)8ceexpenses		24,3M		24,300	19,243		19,243
Audit fees	and other
services			9,746	9,'746		9,825	9,825
Legal and	professional		4,147	4,147		13,794	13,794
Board Expenses			78	78		469	469
		477,236	13,971	491,207	438,189	24,088	462,277
Analysed	bebveen
Charitable	activities	477,236	13,971	491,207	438,189	24,088	462,277

The average	monthly num	ber ofemploye	es during the	year was:
					2023	2022
					Number	Number
						10
Employment	costs				2023	2022
					0	2
Wages snd salaries					308,930	389,859
The number	ofemployees	whose annual	remuneration	wss more than 200,000
Isas follows:
					202S	2022
					Number	Number
					2	1

Tangible fix	ed asset	s
			Plant and	Fixtures and	Total
			ettutpment f	flttlnas f
Cost
At 1 April 2022			57,893	14,821	72,714
Additions			1,040		1,040
Dlsposals				(12,720)	(12,720)
At 31 March	2023		58,933	2,101	61,034
Depreciation	and impairment
At 1 April 2022			56,119	12,842	68,961
Depreciation	charged	In the year	1,078	479	1,557
Eliminated in	respect	ofdisposals		(12,720)	(12,720)
At 31 March	2023		57,197	601	57,798
Carrying amount
At 31 March	2023		1,736	1,500	3,236
At 31 March	2022		1,774	1,979	3,753

Cost or valuation
At 1 April 2022 8 31March 2023
Canylng amount
At 31 March 2023
At 31 March 2022

Debtors
			2023	2022
Amounts falling due		within one year:	6	6
Trade debtors			316,934	18,363
Other debtors			33,191	36,023
Prepayments	and accrued Income		149,970	62,397
			500,095	116,783
Creditors: amounts		faglng due within one year
			2023	2022
			6	8
Other taxation	and nodal security		'I3,361	849
Trade creditors			178,614	75,758
Other creditors			33,775	14,786
Accruals snd deferred		income	137,706	23,714
			363,456	118,107

			2022	2021
			8	6
Balance	b/fwd			23,725
Income	Released	In the year		(23,725I
Income	Deferred	In year
Balance	c/fwd at	31March 2022

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Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2023 f	2023 f	2023 f	2022 f	2022 f	2022f
Fund balances at 31
March 2023	are
represented	by:
Tangibkr assets		3,236		3,236	3,753		3,753
Investments		1		1	1		1
Current assets/(liabilities)		542,450		542,450	480,984	208,658	689,642
		545,687		545,687	484,738	208,658	693,396

	2023f	2022f
Within one year	39,726	39,987
Between two and five years	9,888	73,534
	49,614 '	113,521

Cash generated from		operatio	ns			2023f	2022f
Ds6cit forths year						(147,709)	(498l
Ad)ustments for:
Investment income	recognised		in statement offinancial		activities	(1,814)	(1,236)
Amortisation and impairment of			intangible	assets		1,557	2,584
Movements in working		capital:
(Increase)/decrease	in	debtors				(383,312)	54,922
Increase/(decrease)	In	creditors				248,349	(77,122)
Cash absorbed by	operations					(282,929)	(21,348)