2022-03-31-accounts

			Page
Reference and Administrative details
Report ofthe	Trustees		2to 10
Report ofthe	Independent	Auditors	11to 13
Consolidated	Statement	of Financial Activities	14
Consolidated	Balance Sheet		15
Charity Balance Sheet			16
Consolidated	Cash Flow	Statement	17
Notes to the	Financial Statements		18to 33

			Unrestricted	Unrestricted
			funds-	funds-	Restricted	2022	2021
			General f	Designated f	funds f	Total funds f	Total funds f
		Notes
INCOME
Donations and legacies Charitable activities			28,403			28,403	38,728
Operation oftheatre			879,125			879,125	291,696
Grants received			1258033		15,372	1,273,405	1,364,865
Other trading activities		3	00055			68,055	14,630
Total income			2,233,615		15,372	2,248,988	1,709,919
EXPENDITURE
Raising funds			32,242			32,242	10,541
Charitable activities
Operation oftheatre			2,057,099	89,581	129,980	2,276,660	1,505,345
Total expenditure			2,009,341	00 501	129,900	2 300,002	1,515,886
Net income/(expenditure)			144,275	(89,581)	(114,608)	(59,914)	194,033
Transfers between funds			~46 647	46647
Net movement in
funds			97,628	(42,934)	(114,608)	(59,914)	194,033
RECONCILIATION	OF
FUNDS
Total funds brought forward			697,920	406,050	13405 573	14,670,351	14476310, ,
TOTAL FUNDS CARRIED FORWARD			795540443,024		13,370,965	140111437	14670,351

At 31stMarch 20	22
					Group
					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	funds f	funds f	funds f	funds f
FIXEDASSETS Tangible assets		11	215906	13,273,70013409 704		13,637,45D
CURRENT ASSETS
Debtors Cash at bank and	in hand	13	250,361 1,337500	07107,	250,361 1,434,667	141,422 1,447,128
			1,587,861	97,167	1,685,028	1,588,550
CREDITORS
Amounts falling due within one year		14	(493,447)		(493,447)	(475,175)
NET CURRENT ASSETS			1,004 414	97,107	1 1$1M1	1,113,375
TOTAL ASSETS	LESSCURRENT
LIABILITIES			1,310,320	13,370,965	14,681,285	14,750,825
CREDITORS
Amounts falling due after more than one		15
year			(70,848)		(70,848)	(80,474)
NET ASSETS			1230472	, 13,370M0	14010427	14,67D,351
FUNDS		18
Unrestricted general funds Designated funds					795,548 443,924	697,920 486,858
Unrestricted funds					1,239,472	1,184,778
Restricted funds					13,370,965	13,485,573
TOTAL FUNDS					14,610,437	14,670,351

At 31stMarch 20	22
					Charity
					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6	6	6
FIXEDASSETS
Tangible assets		11	191,598	9,839	201,437	223,343
Investments		12	210		210	210
			~19'I808	9,839	201,647	223,553
CURRENT ASSETS
Debtors Cash at bank and	in hand	13	266,621 1,128,220	97,167	266,821 1,225,387	159,532 1,259,541
			1,394,841	97,167	1,492,008	1,419,073
CREDITORS
Amounts falling due within one year		14	(488,578)		(488,578)	(475,767)
NET CURRENT ASSETS			906,263	97,167	1,003,430	943,306
NET ASSETS			7~M8 071	107,000	1.200 077	1.705050
FUNDS		18
Unrestricted general funds					654,147	581,025
Designated funds					448 024	480 808
Unrestricted funds					1,098,071	1,067,883
Restricted funds					107,005	98,976
TOTAL FUNDS					1,200 077	1,106,058

for the year ended 31st Ma	rch 2022
			Notes	2022 f	2021
Cash flows from operating activities: Cash (used in)/generated from operations			23	~2,955)	568,533
Net cash (consumedj/provided by operating activities				~2,955)	568,533
Cash flows from financing Loan repayments in year	activities:			~9,506)	~Q.S87)
Net cash used in financing	activities			0506	~9,387)
Change in cash and cash reporting period	equivalents	in the		(12,461)	559,146
Cash and cash equivalents ofthe reporting period	at the beginning			1447 1,29	887,982
Cash and cash equivalents reporting period	at the end	ofthe		1434.697	1,447,128

INCOME FR	OM CHA	RITA	BLE	A	CTIVIT	IES
								2022	2021
						Operation of	Grants	Total	Total
						theatre	received	activities	activities
						8	6	8
Admission fees - Own		productions				379,511		379,511	(4,134)
Admission fees - Incoming			productions			208,190		208,190
Christmas production		funding							32,000
Creative learning programme						32,644		32,644	5,050
Sponsorship Grants (see	analysis	below)				258,780	1273,405	258,780 1,273,405	258,780 1,364,865
						070,125	1 273405	2 152530	1,656,561
Grants received, included in the above, are as follows:
								2022	2021
								E	E
Arts Council	England	—National		portfolio		funding		805,229	805,229
HMRC Job	Retention	Scheme						33,478	305,254
Hull City Council —Local Restrictions Arts Council England —Culture Recovery Fund								24,000 225,649	25,285 229,097
Garfield Weston —Weston			Culture		Fund			169,677
I AM I-und —Outreach		Youth Theatre						15,372
								1,273,405	1,364,865
EXPENDITURE
								Support
							Direct costs	costs	Totals
								(See note 6)
							8	K	E
Raising funds							6,142	26,100	32,242
Charitable	Activities	Costs:
Operation oftheatre							1,008,444	1,268,216	2,276,660
							1,014586	1,294,316	2,308,902
Comparative	figures						500,004	08.002	1,015,800
SUPPORT	COSTS
								2022	2021
								Raising	Raising
								funds	funds
								E	K
Development salaries								26,100	9,800

				2022	2021
				Operation of	Operation of
				theatre 8	theatre f
Administration and operations			salaries	645,387	582,708
Administration				163,569	84,472
Communications and BoxOffice				218,178	68,148
Buildings and premises				244,573	147,017
Depreciation, impairment		and	loss on disposal	147,746	151,341
VAT recoverable				(41,893)	(114,667)
Theatre tax relief				(133,460)	(13,395)
Governance costs				24,116	30,478
				1,268,216	936,102
Governance costs, included in			support costs, are as follows:
				2022	2021
				Operation of	Operation of
Governance costs				theatre	theatre
				8	8
Trustees' expenses				25	21
Auditors' remuneration				15,414	16,200
Legal and professional	fees			8,677	14,257
				24,116	30,478
NET INCONIE/(EXPENDITURE)
Net income/(expenditure)		is stated after charging:
				2022	2021
				8	E
Operating leases - equipment				12,990	13,110
Operating leases - building				15,000	15,000
Auditors' remuneration				15,414	16,200
Depreciation, impairment		and loss on disposal		147,746	151,341

STAFF COSTS
			2022	2021
			8	8
Wages and salaries Social security costs Other pension costs			806,993 61,909 15,494	704,231 53,017 14,007
			884,396	771,255
The average monthly	number ofemployees	during the year was as follows:
			2022	2021
Average number			53	53

OMPARATIVES FO	R THE STATE	MENT OF FINANCI	AL ACTIVITIES
		Unrestricted	Unrestricted
		funds-	funds-	Restricted	Total
		General	Designated	funds	funds
		5	8	6
INCOME
Donations and legacies		38,728			38,728
Charitable activities
Operation oftheatre Grants received		291,696 1,135,768		229,097	291,696 1,364,865
Other trading activities		14,630			14630
Total income		1,480,822		229,097	1,709,919
EXPENDITURE
Raising funds		10,541			10,541
Charitable activities
Operation of theatre		1,127,376	19,357	358,612	1,505,345
Other trading activities
Total expenditure		~1,137917	19,357	358,612	1,515,886
Net income/(expenditure)		342,905	(19,357)	(129,515)	194,033
Transfers between	funds	$131,000)	131,000
Net movement in funds		211,905	111,643	(129,515)	194,033
RECONCILIATION	OF FUNDS
Total funds brought forward		486,015	375,215	13,615,088	14,476,318
TOTAL FUNDS CARRIED FORWARD		697,930	406,05013,405,073		14470,351

TANGIBLE FIXEDASSETS
				Fixtures,
	Long	Freehold	Improve-	fittings
	leasehold	land and	ments to	and
GROUP	property f	buildings 6	property 6	equipment 6	Total E
COST
At 1stApril 2021 and 31"
March 2022	14,014,006	311174	20074	1.291.4'14	10407 000
DEPRECIATION
At 1stApril 2021 Charge for year	1,427,410 122 837	127,209 5,345	9,555 ~2001	1,246,044 ~17763	2,810,218 147,746
At 31stMarch 2022	1,550,047	132,554	11,506	I 002,007	29579,64
NET BOOK VALUE
At 31st March 2022	13203 000	~070 020	10,010	30,007	13,409,704
At 31st March 2021	13,386,506	103,965	10,51040.370		13,637,450
				Fixtures,
		Freehold	Improve-	fittings
CHARITY		land and	ments to	and
		buildings	property	equipment	Total
		E	E	6	E
COST
At 1stApril 2021 and 31"
March 2022		311,174	~10082	751,005	1072201
DEPRECIATION
At 1stApril 2021		127,209	2,208	719,501	848,918
Charge for year		5,345	202	16,359	21,906
At 31stMarch 2022		132,554	2,410	735,860	870,824
NET BOOK VALUE
At 31st March 2022		178,620	7,672	15,145	201,437
At 31stMarch 2021		183,965	7,674	31,504	223,343

FIXEDASSET INVESTMENTS
	Shares in
	group
CHARITY	undertakings
	K
MARKET VALUE
At 1stApril 2021 and 31st March 2022	210
NET BOOK VALUE
At 31st March 2022	210
At 31st March 2021	210

Class ofshare:	holding
Ordinary	100

Class ofshare:	holding
Ordinary	100

Class ofshare:	holding
Ordinary	100

			Group		Charity
		2022 f	2021 f	2022 f	2021 f
Trade debtors		13,396	7,660	10,193	7,660
Amounts owed by group undertakings				160,507	34,209
Other debtors		138,779	62,245	677	46,146
Prepayments and accrued income		98,186	71,517	95,244	71,517
		250,361	141,422	266,621	159,532
CREDITORS: AMOUNTS FALLING DUE		WITHIN ONE	YEAR
			Group		Charity
		2022 f	2021 f.	2022 f	2021 f
Loans (see note 16)		9,625	9,505
Trade creditors		235,977	139,381	234,101	139,357
Amounts owed to group undertakings				13,695	16,057
Social security and other taxes		16,143	11,932	15,244	11,606
Other creditors		23,998	6,669	23,998	3,260
Accruals and deferred income (see	below)	~207 704	307,688	201,540	305,287
		493,447	475,175	45$,578	475,767
			Group		Charity
Deferred Income		2022 f	2021 f	2022 f	2021 f
Deferred income at 1st April 2021		281,871	123,368	281,871	123,368
Resources deferred in the year Amounts released from previous year		136,239 ~281 871)	182,639 ~24,136)	136,239 182,639 ~2973747~24,136
Deferred income at 31st March 2022		136,239	281,871	13I3239	28'1,871
Deferred income comprises the following:
				2022 f	2021 f
Creative learning and other income	in advance			12,957	12,961
Boxoffice receipts in advance				123,282	99,233
Performance related grants					169,677
				136,239	281371,

15.	CREDITORS: AMOUNTS FALLIN	G DUE AFTER MORE	THAN ONE YEA	R
			Group		Charity
		2022 f	2021	2022	2021
	Loans (see note 16)	70,848	80,474
16.	LOANS
			Group		Charity
	Borrowings	2022	2021	2022	2021
	Due within one year Hull City Council Loan	8 9,625	9,505	6
	Due over one year
	Hull City Council Loan:
	Within 1-2years	9,746	9,625
	Within 2-5years	29,979	29,607
	After 5years	31123	41,242
		70,848	80,474

Minimum lease payments under non	-cancellable operatin	g leases fall due	as follows:
		Group		Charity
	2022 K	2021 F	2022 6	2021 f
Within one year Between one and five years	23,850 60,661	26,335 86,068	113,850 420,661	116,335 446,068
In more than 5years	132,568	130,957	1,227,568	1,315,957
	217,079	243,360	1,762,079	1,878„360

					Net	Transfers
					movement	Between
				At 1.4.21	in funds	funds	At 31.3.22
					8		5
Unrestricted funds
General fund				097,920	144,275	~46,M7	705040
Designated funds:
Repairs and renewals				55,853	(10,434)		45,419
Production and artistic		costs		96,515		103,485	200,000
Staffing and inclusion costs				42,170	(1,193)		40,977
City of Culture				7,509		P,509)
Capital projects and	foyer			33,563			33,563
Digital innovation				29,478			29,478
Resilience reserve				138,770	(20,000)	(51,783)	66,987
Production equipment				2,000			2,000
Green Room				8,000	(5,677)	(2,323)
Setting the Stage				7,000	(5,534)	(1,466)
Planning Consultants				10,000	(5,480)	(4,520)
PR Agency				16,000	(16,000)	5,500	5,500
Reopening				40,000	(25,263)	(14,737)
Borehole						20,000	20,000
Total designated funds			(b)	486,858	89,581	46,647	443,924
Total unrestricted	funds			1,104,770	54 694		1239472
Restricted funds
British Council R&D			(c)	10,003			10,003
ACE Catalyst			(d)	88,973	(7,343)		81,630
I AM Fund —Outreach		Youth Theatre	(e)	-	15,372		15,372
				98,976	8,029		107,005
Hull Truck Enterprises		Limited
Ferensway Theatre	Development		(f)	13,386,597	(122,637)		13,263,960
Total restricted funds				13405 573	~774.000		13,370,965
TOTAL FUNDS				14,070,351	~50,914	.	14010,437

Net movement in fun	ds,	included in the above	are as follo	ws:
				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	6
Unrestricted funds
General fund				2233010	~2089,341)	144,275
Designated funds:
Repairs and renewals					(10,434)	(10,434)
Production and artistic		costs
Staffing and inclusion costs					(1,193)	(1,193)
City of Culture
Capital projects and	foyer
Digital innovation
Resilience reserve					(20,000)	(20,000)
Production equipment
Green Room					(5,677)	(5,677)
Setting the Stage					(5,534)	(5,534)
Planning Consultants					(5,460)	(5,460)
PR Agency					(16,000)	(16,000)
Ruupu) III)g					(25,263)	(25,263)
Borehole
Total designated funds			(b)		~00.000)	~09 501)
Total unrestricted	funds			2,233,010	~2070022)	54,694
Restricted funds
British Council R&D			(c)
ACE Catalyst I AM Fund —Outreach		Youth Theatre	(d) ) )	15372	(7,343)	(7,343) 15,372
				15,372	P,343)	6,029
Hull Truck Enterprises Limited Ferensway Theatre Development					~)22,037	~024037),
Total restricted funds				15372	~12,0,000	~004,000
TOTAL FUNDS				2 240900	)2200003)	~59,914)

consolidated o the charity. A	n a line by line basis in the SOFA. The total availa summary ofthe results ofthe subsidiary is shown	ble distributable reserve below:	s are gifted
		Total	Total
		2022	2021
		6
Turnover Cost ofsales		26,781 ~7,140
Gross profit/(loss) Administrative expenses		19,641 ~2,802	~2,506)
Net profit/(loss)		18,839	~2,506)
The aggregate	ofthe assets, liabilities and funds was:
Assets		43,410	21,963
Liabilities		~28,977	~24,369)
Aggregate called up share capital and reserves		14,433	~2,406)

the results	oft	he subsidiary is shown below:
			Total	Total
			2022	2021
			6	5
Turnover Cost ofsales			795,926 ~933994	75,103 ~88,498)
Gross loss			(138,068)	(13,395)
Tax on loss			138,068	13,395
Net profit
The aggregate		ofthe assets, liabilities and funds was:
Assets Liabilities			138,068 ~138068	13,395 ~13,395)
Aggregate	called up share capital and reserves

										2022		2021
										6
Net (expenditure)/income				for the reporting		period (as		per	the
statement offinancial			activities)							(59,914)		194,033
Adjustments	for:
Depreciation	charges									147,745		151,341
(Increase)/decrease		in	debtors							(108,939)		109,232
Increase in creditors										~18153		113,927
Net cash (consumed)/provided					by operating		activities			~2,955)		~568533
ANALYSIS OF CHANGES				IN NET DEBT
										Other
										non-cash
						At	1.4.21	Cash flow		changes	At 31.3.22
							8			8		8
Net cash
Cash at bank and in hand					1447.120			~72,401			1,434,667
Debt
Loans falling Loans falling	due within 1 year due after 1 year				(9,505) ~80474,				9,506	(9,626) ~9626	(9,625) ~70,848
					~SS,ÃS				9005	-	~$0473
Total					1,357,149			~2 0500			1	355194

				2022 f	2021 f
INCOME
Donations and legacies
Donations				28,403	38,728
Other trading activities
Theatre and Beverley	Road		rental income	10,440
Merchandise &programme			sales	6,544
Other income				8,991	3,777
Corporate sponsorship				10,329	10,853
Events and catering income				26,781
Third party ticketing income				4,970
				68,055	14,630
Charitable activities
Admission fees - Own productions Admission fees - Incoming productions				379,511 208,190	(4,134)
Creative learning programme				32,644	5,050
Christmas production	funding				32,000
Sponsorship				258,780	258,780
Grants				1,273,405	1,364,865
				2,152,530	1,656 561
Total incoming resources				2,248,988	1,709,919
EXPENDITURE
Raising donations and legacies
Sponsorship and development				6,142	741
Charitable activities
Production salaries				194,275	163,176
Social security				14,904	12,317
Pensions				3,730	3,254
Own productions				538,575	38,527
Incoming productions				150,462	17
Production overheads				29,916	77,621
Artistic overheads				18,939	30,685
Creative learning programme				36,285	8,594
Project costs				12,872	234,077
ACE strategic funds				1,440	975
Other trading activities				7,046
				1000441	569,243

for the year end	ed 31stMarch	2022
			2022	2021
			8	E
Support costs
Raising funds
Development salaries			26,100	9,800
Administration	and operations	salaries
Wages Social security			586,618 47,005	531,255 40,700
Pensions			11,764	10,753
			845 387	582,708
Administration
Telephone			11,959	10,120
Post and stationery			2,094	1,474
Repairs and renewals			486	2,355
Insurance			17,618	20,684
Travel and subsistence			30,949	79
Bank and other	charges		22,057	7,990
Computer support Office equipment leasing			39,946 12,990	21,084 13,110
Staff costs			17,577	1,322
Subscriptions			7,893	6,254
			163,569	84,472
Communications	and BoxOffice
Travel and subsistence			1,256	58
Commissions			421	(21)
Subscriptions			8,858	934
Print and distribution			77,876	11,593
Design and advertising Repairs and renewals			82,081 1,303	28,195 518
Website and photography Spektrix charges			28,217 18,166	17,405 9,466
			218,178	68,148
Buildings and premises Rent			15,000	15,000
Water and rates			8,451	5,827
Light and heat Insurance			96,432 917	32,060 892
Security and fire	alarms		8,529	6,878
Repairs and maintenance			104,348	75,464
Service charge			10,896	10,896
			244,573	147,017

for the year ended 3	1stMarch 2022
		2022	2021
			F
Depreciation
Long leasehold		122,637	122,637
Freehold property		5,345	5,345
Improvements to property		2,001	2,002
Fixtures, fittings and equipment		17,763	21,357
Impairment offreehold	property
		147,746	151 341
VAT recoverable		~44,9$3)	~)14,667)
Theatre tax relief		~733,465	~13395)
Governance costs
Trustees' expenses		25	21
Auditors' remuneration		15,414	16,200
Legal and Professional		8,877	14,257
		24,116	30,478
Other trading activities
Events and catering salaries
Total resources expended		2,308,802	1,515,886
Net (expenditure)/income		~59914	194533