2021-03-31-accounts - Hull Truck Theatre Company Limited

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			Page
Reference and Administrative details
Report ofthe	Trustees		2 to 8
Report ofthe	Independent	Auditors	9to 11
Consolidated	Statement	of Financial Activities	12
Consolidated	Balance Sheet		13
Charity Balance Sheet			14
Consolidated	Cash Flow	Statement	15
Notes to the	Financial Statements		16to 31

				Unrestricted	Unrestricted
				funds-	funds-	Restricted	2021	2020
				General	Designated	funds	Total funds	Total funds
				6			E
		Notes
INCOME
Donations and legacies				38,728			38,728	43,511
Charitable activities
Operation oftheatre				32,916			32,916	834,786
Grants received				1,394,548		229,097	1,623,645	1,114,767
Other trading activities			3	14,630			14,630	168,032
Total income				1,480,822		229,097	1,709,919	2,161,096
EXPENDITURE
Raising funds				10,541			10,541	57,753
Charitable activities
Operation oftheatre				1,127,376	19,357	358,612	1,505,345	2,314,689
Other trading activities								11,672
Total expenditure				1,137,917	19,357	358,612	1,515,886	2,384,114
Net income/(expenditure)				342,905	(19,357)	(129,515)	194,033	(223,018)
Transfers between
funds				~131,000)	131,000
Net movement in
funds				211,905	111,643	(129,515)	194,033	(223,018)
RECONCILIATION	OF
FUNDS
Total funds brought
forward				486,015	375,215	13,615,088	14,476,318	14,699,336
TOTAL FUNDS
CARRIED FORWARD				697,920	486,858	13,485,573	14,670,351	14,476,318

Consolidated Balance Sheet At 31st March 2021
				Group
				2021		2020
		Unrestricted	Restricted	Total		Total
	Notes	funds f	funds f	funds f		funds
FIXEDASSETS
Tangible assets	11	235112	13,402,338	13,637,450		13,768,791
CURRENT ASSETS
Debtors	13	118,512	22,910	141,422		250,622
Cash at bank and in hand		1,217,126	230,002	1,447,128		867,982
		1,335,638	252,912	1,588,550		1,136,604
CREDITORS
Amounts falling due within one year	14	(305,498)	(169„677)	(475,175)		(361,099)
NET CURRENT ASSET'S		1030140	83,335	111337,5	,	777,505
TOTAL ASSETS LESSCURRENT
LIABILITIES		1,265,252	13,485,573	14,750,825		14,566,296
CREDITORS
Amounts falling due after more than one	15
year		(80,474)		(80,474)		(89,978)
NET ASSETS		1,184,778	13,485,573	14,6?0,351		14,476,318
FUNDS	18
Unrestricted general funds				697,920		486,015
Designated funds				486,858		375,215
Unrestricted funds				1,184,778		861,230
Restricted funds				13,485,573		13,615,088
TOTAL FUNDS				14070,351		14,4711,310

Charity Balance Sh At 31stMarch 2021	eet
					Charity
					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6		6	8
FIXEDASSETS
Tangible assets		11	207,601	15,742	223,343	248,842
investments		12	210		210	210
			207,811	~15 742	223,553	249,052
CURRENT ASSETS
Debtors		13	136,622	22,910	159,532	260,331
Cash at bank and in	hand		1,029,540	230,001	1,259,541	668,083
			1,166,162	252,911	1,419,073	928,414
CREDITORS
Amounts falling due within one year		14	(306,090)	(169,677)	(475,767)	(362,813)
NET CURRENT ASSETS			860,0?2	83,234	~943306	565,601
TOTAL ASSETS LESSCURRENT
LIABILITIES			1,067,883	98,976	1,166,859	814,653
CREDITORS
Amounts falling due after more than one		15
year
NET ASSETS			1,067,883	98,976	1,166,859	814,653
FUNDS		18
Unrestricted general	funds				581,025	333,584
Designated funds					486 858	375,215
Unrestricted funds					1,067,883	708,799
Restricted funds					98916	155,854
TOTAL FUNDS					1,166,859	814,653

			Notes	2021 f	2020
Cash flows from operating Cash generated from/(used	activities: in) operations		23	568,533	~714,465)
Net cash provided/(consumed) by operating activities				568,533	~7)4465)
Cash flows from investing activities: Purchase oftangible fixed assets					~30,600)
Net cash used in investing	activities				~30,600)
Cash flows from financing Loan repayments in year	activities:			~9,387)	~9,27) )
Net cash used in financing	activities			~9,387)	~9,277)
Change in cash and cash	equivalents	in the
reporting period				559,146	(154,336)
Cash and cash equivalents	at the beginning
ofthe reporting period				887,982	1,042,318
Cash and cash equivalents	at the end	ofthe
reporting period				1,447,128	887,982

4.	INCOME FROM	CH	A	RIT	ABLE	ACTIVI	TIES
										2021	2020
							Operation	of	Grants	Total	Total
							theatre		received	activities	activities
									5	6	E
	Admission fees -	Own		productions			(4,134)			(4,134)	403,674
	Admission fees -	Incoming			productions						334,376
	Co-production income										51,380
	Christmas production			funding			32,000			32,000
	Creative learning	programme					5,050			5,050	45,175
	Artist development		programme								181
	Grants (see analysis			below)					1,623,645	1,623,645	1,114,767
							32,916		1,623,645	1,656,561	1,949,553
	Grants received,	included			in the	above,	are as follows:
										2021	2020
											f
	Hull City Council									258,780	278,780
	Arts Council England			—National		porffolio funding				805,229	790,680
	Arts Council England			—Catalyst							22,233
	HMRC Job Retention			Scheme						305,254	4,497
	Hull City Council	—Local Restrictions								25,285
	Arts Council England			—Culture		Recovery Fund				229,097
	The British Council										10,700
	The Space Funding		Agreement								7,877
										1,623,645	1,114,767
5.	EXPENDITURE
										Support
									Direct costs	costs	Totals
										(See note 6)
									5	E	F
	Raising funds								741	9,800	10,541
	Charitable Activities			Costs:
	Operation oftheatre								569,243	936,102	1,505,345
									569,984	945,902	1,515,886
	Comparative figures								1,183,229	1,200,885	2,384,114
6.	SUPPORT COSTS
										2021	2020
										Raising	Raising
										funds	funds
											E
	Development salaries									9,800	53,068

					2021	2020
					Operation of	Operation of
					theatre	theatre
					6	E
Administration	and operations			salaries	582,708	655,020
Administration					84,472	117,641
Communications and Box Office					68,148	165,757
Buildings and	premises				147,017	171,228
Depreciation,	impairment	and loss on disposal			151,341	161,329
VAT recoverable					(114,667)	(66,563)
Theatre tax relief					(13,395)	(85,383)
Governance	costs				30,478	27,552
					936,102	1,146,581
					2021	2020
					Other	Other
					trading	trading
					activities 6	activities f
Events and catering staff costs						1,236
Governance	costs, included		in	support costs, are as follows:
					2021	2020
					Operation of	Operation of
Governance	costs				theatre	theatre
						F
Trustees' expenses					21	761
Auditors' remuneration					16,200	13,600
Legal and professional fees					14,257	13,191
					30,478	27,552
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is	stated after charging:
					2021	2020
Operating leases - equipment					13,110	14,913
Operating leases - building					15,000	15,000
Auditors' remuneration					16,200	13,600
Depreciation,	impairment	and loss on disposal			151,341	161,329

STAFF COSTS
				2021 f	2020 f
Wages and salaries				704,231	869,012
Social security costs				53,017	68,272
Other pension costs				14,007	16,984
				771,255	954,268
The average monthly	number of employees		during the year was as follows:
				2021	2020
Average number				53	57
No employee received	emoluments	of more	than f60,000 in the year (2020	—f60,000).

		Unrestricted	Unrestricted
		funds-	funds-	Restricted	Total
		General f	Designated f	funds f	funds f
INCOME
Donations and legacies		43,511			43,511
Charitable activities
Operation of theatre		834,786			834,786
Grants received		1,073,957		40,810	1,114,767
Other trading activities		168,032			168,032
Total income		2,120,286		40,810	2,161,096
EXPENDITURE
Raising funds		57,753			57,753
Charitable activities
Operation of theatre		2,051,723	103,590	159,376	2,314,689
Other trading activities		11,672			11,672
Total expenditure		2,121,148	103,590	159,376	2,384,114
Net expenditure		(862)	(103,590)	(118,566)	(223,018)
Transfers between	funds	44,555	~36,939)	~3,569)
Net movement in funds		43,646	(140,529)	(126,135)	(223,018)
RECONCILIATION	OF FUNDS
Total funds brought	forward	442,369	515,744	13,741,223	14,699,336
TOTAL FUNDS CARRIED
FORWARD		486,015	375,215	13,615,088	14,476,318

TANGIBLE FIXEDASSE	TS
				Fixtures,
	Long	Freehold	Improve-	fittings
	leasehold	land and	ments to	and
GROUP	property F	buildings f	property F	equipment 6	Total 6
COST
At 1st April 2020	14,814,006	311,174	28,074	1,294,414	16,447,668
Additions
At 31st March 2021	14,814,006	311,174	28,074	1,294,414	16,447,668
DEPRECIATION
At 1st April 2020	1,304,773	121,864	7,553	1,224,687	2,658,877
Charge for year	122,637	5,345	2,002	21,357	151,341
At 31st March 2021	1,427,410	127,209	9,555	1,246,044	2,810,218
NET BOOK VALUE
At 31st March 2021	13,386,596	183,965	18,519	48,370	13,637,450
At 31st March 2020	13,509,233	189,310	20,521	69,727	13,788,791
				Fixtures,
		Freehold	Improve-	fittings
CHARITY		land and	ments to	and
		buildings f	property E	equipment E	Total E
COST
At 1st April 2020		311,174	10„082	751,005	1,072,261
Additions
At 31st March 2021		311,174	10,082	751,005	1,072,261
DEPRECIATION
At 1st April 2020		121,864	2,006	699,549	823,419
Charge for year		5,345	202	19,952	25,499
At 31st March 2021		127,209	2,208	719,501	848,918
NET BOOK VALUE
At 31st March 2021		183,965	7,874	31,504	223,343
At 31st March 2020		189,310	8,076	51,456	248,842

FIXEDASSET INVESTMENTS
	Shares in
	group
CHARITY	undertakingsf
MARKET VALUE
At 1st April 2020 and 31st March 2021	210
NET BOOK VALUE
At 31st March 2021	210
At 31st March 2020	210

			0/
Class ofshare:			holding
Ordinary			100
Hull Truck Events	and Catering	Limited
Registered office: Same as can be found on page			1 ofthese financial statements
Nature ofbusiness:	Events and catering activities

	0/
Class ofshare:	holding
Ordinary	100

							Group		Charity
						2021	2020 f	2021 f	2020 f
	Trade debtors					7,660	12,158	7,660	8,369
	Amounts owed by	group undertakings						34,209	119,071
	Other debtors					62,245	131,160	46,146	25,587
	Prepayments and	accrued	income			71,517	107,304	71,517	107,304
						141,422	250,622	159,532	260,331
14.	CREDITORS: AMOUNTS		FALLING DUE			WITHIN ONE	YEAR
							Group		Charity
						2021 f	2020 f	2021 f	2020 f
	Loans (see note 16)					9,505	9,388
	Trade creditors					139,381	72,718	139,357	72,718
	Amounts owed to	group undertakings						16,057	18,118
	Social security and other taxes					11,932	16,649	11,806	14,495
	Other creditors					6,669	41,436	3,260	41,436
	Accruals and deferred income (see				below)	307,688	220,908	305„287	216,046
						475,175	361,099	475,767	362,813
							Group		Charity
	Deferred Income					2021	2020 f.	2021 f	2020
	Deferred income at 1st April 2020					123,368	133,250	123,368	133,250
	Resources deferred in the year Amounts released from previous			year		182,639 ~24,136)	123,368 ~133,250)	182,639 123,368 ~24,335)~)33,250)
	Deferred income at 31st March			2021		281,871	123,368	281,871	123,368
	Deferred income comprises		the	following:
								2021 f	2020 f
	Creative learning	and other	income		in advance			12,961	8,415
	Boxoffice receipts	in advance						99,233	114,953
	Performance related grants							169,677
								281,871	123,368

			Group		Charity
		2021	2020	2021	2020
		8	5	E	8
	Loans (see note 16)	80,474	89,978
16.	LOANS
			Group		Charity
	Borrowings	2021	2020	2021	2020
	Due within one year	E	f
	Hull City Council Loan	9,505	9,388
	Due over one year
	Hull City Council Loan:
	Within 1-2years	9,625	9,505
	Within 2-5 years	29,607	29,239
	After 5years	41,242	51,234
		80,474	89,978

Minimum lease payments under non	-cancellable operatin	g leases fall due	as follows:
		Group		Charity
	2021 f	2020 8	2021 6	2020 E
Within one year	26,335	38,702	116,335	128,702
Between one and five years	86,068	88,037	446,068	448,037
In more than 5years	130,957	153,097	1,315,957	1,428,097
	243,360	279,836	1,878,360	2,004,836

MOVEMENT IN FU	ND	S
					Net	Transfers
					movement	Between
				At 1.4.20	in funds	funds	At 31.3.21
							6
Unrestricted funds
General fund			(a)	486,015	342,905	~131,000	697,920
Designated funds:
Repairs and renewals				68,350	(12,497)		55,853
Production costs				46,515			46,515
Staffing costs				37,635	(1,880)		35,755
City of Culture				7,509			7,509
Foyer improvement				10,316			10,316
Inclusion projects				6,415			6,415
Capital projects				23,247			23,247
Digital innovation				29,478			29,478
Resilience reserve				143,750	(4,980)		138,770
Production equipment				2,000			2,000
Green Room						8,000	8,000
Setting the Stage						7,000	7,000
Planning Consultants						10,000	10,000
PR Agency						16,000	16,000
Artistic Projects						50,000	50,000
Reopening						40,000	40,000
Total designated funds			(07	375,215	~11,387	131,000	480,058
Total unrestricted	funds			861,230	323,548		1,184,778
Restricted funds
British Council RSD			(c)	10,003			10,003
ACE Catalyst			(d)	95,851	(6,878)		88,973
ACE Culture Recovery		Fund	(e)
				105,854	(6,878)		98,976
Hull Truck Enterprises		Limited
Ferensway Theatre	Development		(f)	13,509,234	(122,637)		13,386,597
Total restricted funds				13,615,088	~129,515		13,485,573
TOTAL FUNDS				14,476,318	194,033		14,670,351

Net movement in fu	nds,	included in the ab	ove are as follo	ws:
				Incoming	Resources	Movement
				resources	expended	in funds
					8	E
Unrestricted funds
General fund				1,480,822	~7,137,977)	342,905
Designated funds:
Repairs and renewals					(12,497)	(12,497)
Production costs
Staffing Costs					(1,880)	(1,880)
City of culture
Foyer improvement
Inclusion projects
Capital projects
Digital innovation
Resilience reserve					(4,980)	(4,980)
Production equipment
Green Room
Setting the Stage
Planning Consultants
PR Agency
Artistic Projects
Reopening
Total designated funds			(b)		~79,357)	~79,357)
Total unrestricted	funds			1,400,822	~7,757,274)	323,548
Restricted funds
British Council R&D			(c)
ACE Catalyst ACE Culture Recovery		Fund	(d)	229,097	(6,878) ~229,097)	(6,878)
				229,097	(235,975)	(6,878)
Hull Truck Enterprises		Limited
Ferensway Theatre	Development				~722,637)	~122,637)
Total restricted funds				229097	~350,672)	~129,5)5)
TOTAL FUNDS				1,709,919	~1,575,000)	194,033

RELATED PARTY	DISCLOS	DISCLOS	URES
Key management	personnel		ofthe entity	Group and Charity
				2021	2020
				6	f
Remuneration and	benefits			276,597	325,891
Number of employees
The charity paid E1,955(2020			fnil) to a trustee for acting services	during the year. This payment was
made as part ofthe	theatre's	core business objectives.
Entities over which	the entity		has control	2021 6	2020 f
Rent paid to				90,000	90,000
Gift aid from				118,285	93,977
Production costs recharged		to		88,498	865,991
Commissioning fees paid to				75,103	763,698
Balances owed from				34,209	119,071
Balances owed to				16,057	18,118

					Total	Total
					2021 f	2020 6
Turnover					90,000	90,000
Administrative		expenses			~)28,329	~)27,963)
Gross loss					(38,329)	(37,953)
Other operating Interest payable			income and similar expenses		124,020 ~436	123,977 ~204)
Net profit					85,255	85,820
The aggregate			ofthe assets, liabilities	and funds was:
Assets					13,598,490	13,720,750
Liabilities					(7~3,478,979	(13,610,603)
Aggregate	called up share capital and			reserves	119,511	110,147

		Total	Total
		2021	2020
		6	6
Turnover			56,342
Cost ofsales			~11,672)
Gross (loss)/profit			44,670
Administrative	expenses	2,506	~2,276)
Net (loss)/profit		~2,506)	42,394
The aggregate	ofthe assets, liabilities and funds was:
Assets		21,963	64,283
Liabilities		~24,369	~21,789)
Aggregate called up share capital and reserves		~2,406)	42,494

				Total	Total
				2021	2020
				6	6
Turnover				75,103	763,698
Cost ofsales				~88,498	~865,991)
Gross loss				(13,395)	(102,293)
Tax on loss				13,395	102,293
Net profit
The aggregate		ofthe assets, liabilities	and funds was:
Assets				13,395	102,295
Liabilities				~13,395	~102,295)
Aggregate	called up share capital and		reserves

									2021	2020
									E	E
Net income/(expenditure)				for the reporting		period (as	per the
statement offinancial			activities)						194,033	(223,018)
Adjustments	for:
Depreciation	charges								151,341	161,329
Decrease/(increase)		in	debtors						109,232	(4,137)
Increase/(decrease)		in	creditors						113,927	~46,639)
Net cash provided/(consumed)					by operating	activities			568,533	(114,465)
ANALYSIS OF CHANGES				IN NET DEBT
									Other
									non-cash
					At 1.4.20		Cash	flow	changes	At 31.3.21
								E	5
Net cash
Cash at bank	and in hand				887,982		559,146			1,447,128
Debt
Loans falling Loans falling	due within 1 year due after 1 year				(9,388) ~89,978)		9,387		(9,504) 9,504	(9,505) ~80,474)
					~99,388)		9,387			~89,979)
Total					788,616		568,533			1,357,149

			2021	2020
				E
INCOME
Donations and legacies
Donations			38,728	43,511
Other trading activities
Theatre and Beverley	Road	rental income		43,785
Merchandise & programme		sales		8,023
Other income			3,777	36,732
Corporate sponsorship			10,853	23,150
Events and catering income				56,342
			14,630	168,032
Charitable activities
Admission fees - Own	productions		(4,134)	403,674
Admission fees - Incoming		productions		334,376
Creative learning programme			5,050	45,175
Artist development programme				181
Co-production income				51,380
Christmas production	funding		32,000
Grants			1,623,645	1,114,767
			1,656,561	1,949,553
Total incoming resources			1,709,919	2,161,096
EXPENDITURE
Raising donations and legacies
Sponsorship and development			741	4,685
Charitable activities
Production salaries			163,176	224,186
Social security			12,317	17,613
Pensions			3,254	4,381
Own productions			38,527	530,944
Incoming productions			17	249,786
Production overheads			77,621	29,578
Artistic overheads			30,685	12,411
Creative learning programme			8,594	20,295
Project costs			234,077	35,622
Artist development programme				15,312
ACE strategic funds			975	27,980
Other trading activities				10,436
			569,243	1,178,544

for the year en	ded 31st March	2021
			2021	2020
Support costs
Raising funds
Development salaries			9,800	53,068
Administration	and operations	salaries
Wages			531,255	591,758
Social security			40,700	50,660
Pensions			10,753	12,602
			582,708	655,020
Administration
Telephone			10,120	10,279
Post and stationery			1,474	6,226
Repairs and renewals			2,355	2,358
Insurance			20,684	20,060
Travel and subsistence			79	7,616
Bank and other	charges		7,990	23,411
Computer support			21,084	16,947
Office equipment	leasing		13,110	14,913
Staff costs			1,322	8,479
Subscriptions			6,254	7,352
			84,472	117,641
Communications	and BoxOffice
Travel and subsistence			58	3,949
Commissions			(21)	933
Subscriptions			934	3,616
Print and distribution			11,593	66,674
Design and advertising			28,195	55,929
Repairs and renewals			518	483
Website and photography			17,405	9,825
Spektrix charges			9,466	24,348
			68,148	165,757
Buildings and premises
Rent			15,000	15,000
Water and rates			5,827	13,401
Light and heat			32,060	58,438
Insurance			892	892
Security and fire	alarms		6,878	6,829
Repairs and maintenance			75,464	65,891
Service charge			10,896	10,777
			147,017	171,228

for the year ended 31	st March 2021
		2021	2020
Depreciation
Long leasehold		122,637	122,637
Freehold property		5,345	5,345
Improvements to property		2,002	2,001
Fixtures, fittings and equipment		21,357	31,346
Impairment offreehold	property
		151,341	161,329
VAT recoverable		~554,662)	~66,563)
Theatre tax relief		~53,395)	~00,303)
Governance costs
Trustees' expenses		21	761
Auditors' remuneration		16,200	13,600
Legal and Professional		14,257	13,191
		30,478	27,552
Other trading activities
Events and catering salaries			1,236
Total resources expended		1,515,886	2,364,114
Net income/(expenditure)		194,033	~223,0)0)