2022-03-31-accounts - M6 Theatre Company Limited

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	8
Report ofthe Independent Auditors	9	to	11
Statement ofFinancial Activities		12
Balance Sheet
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	24

	31M	ARCH 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes			f,
FIXEDASSETS
Tangible assets	13	29,620	84,438	114,058	168,260
CURRENT ASSETS
Debtors	14	115,850		115,850	68,888
Cash at bank and in hand		263+72	24@57	287,629	279,027
		379,122	24@57	403,479	347,915
CREDITORS
Amounts falling duc within one year	15	(21,747)		(21,747)	(44, I51)
NET CURRENT ASSETS		357@75	24+57	381,732	303,764
TOTAL ASSETSLESSCURRENT	LIABILITIES	386,995	108,795	495,790	472,024
NET ASSETS		386,995	108,795	495,790	472,024
FUNDS	17
Unrestricted funds				386,995	282,707
Restricted funds				108,795	189,317
TOTAL FUNDS				495,790	472,024

			F	OR	THE YEAR ENDE	D 31MARCH 2022
						2022	2021
					Notes	f,
Cash flows from operating		activities
Cash generated from operations						10,687	68,580
Net cash provided by operating activities						10,687	68,580
Cash flows from investing		activities
Purchase oftangible fixed assets Sale oftangible fixed assets						(2,163)	(40,367) 1,000
Interest received						78	81
Net cash used in investing	activities					(2,085)	(39,286)
Change in cash and cash	equivalents		in the
reporting period Cash and cash equivalents		at the beginning		of		8,602	29,294
the reporting period						279,027	249,733
Cash and cash equivalents		at the end	ofthe
reporting period						287,629	279,027

					2022f	2021
Net income	for the	reporting	period (as per the Statement ofFinancial
Activities)					23,766	29,288
Adjustments	for:
Depreciation	charges				56+65	55,510
Loss on disposal of		fixed assets				516
Interest received					(78)	(81)
(Increase)/decrease		in debtors			(46,962)	16,480
Decrease in	creditors				(22,404)	(33,133)
Net cash provided		by operations			10,687	68,580
ANALYSIS	OFCHANGES IN NET FUNDS
				At 1.4.21	Cash flow	At312.22
						f
Net cash
Cash at bank	and in	hand		279,027	8,602	287,629
				279,027	8,602	287,629
Total				279,027	8,602	287,629

			Direct	Support
			Costs (see	costs (see
			note 7) f.	note 8) f	Totals
Resources expended	on charitable	activities	545,961	6+77	552438
DIRECT COSTSOF CHARITABLE ACTIVITIES
				2022f	2021
Staffcosts				291,149	217,652
Marketing				13+09	9,962
Production fees				46,460	56,530
Tour costs				23,105	1,212
Sets and costumes				18,168	7,935
Administration				19,515	18,133
Asset costs				22,6?3	27,029
Freelance administration				781	150
Studio Theatre use				54,286	58,882
Depreciation Surplus on disposal	offixed assets			56+65	55,5 l0 516
				545,961	453,511
SUPPORT COSTS
					Governance
					costs
Resources expended	on charitable	activities			6@77

		2022f	2021f
Auditors' remuneration Auditors' remuneration Depreciation - owned Deficit on disposal of	for non audit work assets fixed assets	1,800 4,035 56+65	1,710 4,280 55,510 516

STAFF COSTS
							2022	2021
Wages and salaries							263,411	197,416
Social security costs							14,853	13,124
Other pension costs							12,885	7,112
							291,149	217,652
Four key personnel	received total		emoluments			off155,915during the year,
The average monthly	number ofemployees				during the year was as follows:
							2022	2021
Management and administration staff							9	8
No employees received emoluments				in excess		off60,000.
The full time equivalent		number ofstaff is			9,
COMPARATIVES	FOR THE STATEMENT OFFINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						funds	funds	funds
INCOME FROM
Donations and grants						306,365	118,574	424,939
Charitable activities
Charitable activities						13,997	9,033	23,030
Investment income						81		81
Other income						41,283		41,283
Total						361,726	127,607	489,333
EXPENDITURE ON
Charitable activities
Resources expended	on charitable		activities			327,492	132,553	460,045
Support costs
Total						327,492	132,553	460,045
NKT INCOME/(EXPENDITURE)						34,234	(4,946)	29,288
Transfers between funds						11,700	(11,700)
Net movement in funds						45,934	(16,646)	29,288
RECONCILIATION	OF FUNDS
Total funds brought	forward					236,773	205,963	442,736
TOTAL FUNDS CARRIED FORWARD						282,707	189,317	472,024

TANGIBLE FIXEDASSETS
	Motor
	vehicles	Equipment	Totals
			f,
COST
At l April 2021	39,765	281,681	321,446
Additions		2,163	2,163
At 3l March 2022	39,765	283)844	323,609
DEPRECIATION
At 1 April 2021	10,789	142@97	153,186
Charge for year	7,563	48,802	56/65
At 31 March 2022	18@52	191,199	209451
NET BOOKVALUE
At 31 March 2022	21,413	92,645	114,058
At 31 March 2021	28,976	139,284	168,260
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022	2021
			E
Trade debtors		10,130	1,974
Other debtors			5,373
Film/theatre tax relief		100,000	40,487
Prepayments		5,720	21,054
		115,850	68,888
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022 f	2021f
Trade creditors		1489	466
Social security and other taxes VAT		4,026 2,630	3,612 199
Accrued expenses		7,035	15,291
Deferred income		6,667	24,583
		21,747	44,151

					2022	2021
Between	one	and	five	years	5,800	935

				Net	Transfers
				movement	between	At
		At	1.4.21	in funds	funds	31.3.22
			f
Unrestricted funds
General fund		282,707		102865	2,023	386)995
Restricted funds
Capital Development	Fund		40233	(423)		3,810
RALP - Capital			3,761	(376)		3@85
Participatory Projects		56,930		(38,573)	5/00	23,557
Aiming High Capital		123,493		(46+50)		77,243
The Storm				2,023	(2,023)
Tudor Trust Wellbeing			900	(100)		800
Everything is connected				5)200	(5400)
		189417		(78,499)	(2,023)	108,795
TOTAL FUNDS		472,024		23,766		495,790
Net movement in funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds f
Unrestricted funds
General fund				528,699	(426,434)	102465
Restricted funds
Capital Development RALP - Capital	Fund				(423) (376)	(423) (376)
Participatory Projects				32,954	(71,527)	(38473)
Aiming High Capital The Storm				8$,51	(46,250) (6@28)	(46+50) 2,023
Tudor Trust Wellbeing					(100)	(100)
Everything is connected				6,200	(1,000)	5+00
				47,405	(125804)	(78,499)
TOTAL FUNDS				576,104	(552,338)	23,766

					Net	Transfers
					movement	between	At
				At 1.4.20 f	in funds f	funds	31.3.21
Unrestricted funds
General fund				145,781	35,226	11,700	192,707
Capital Replacement		Fund - Van		992	(992)
Employment Fund				35,000			35,000
Engagement Fund				10,000			10,000
Asset Replacement	Fund			45,000			45,000
				236,773	34,234	11,700	282,707
Restricted funds
Capital Development		Fund		4,707	(474)		4,233
RALP - Capital				4,179	(418)		3,761
AGMA - Capital				646	(646)
participatory projects				47,934	(11,004)	20,000	56,930
Aiming High Capital				148,497	(20,016)	(4,988)	123,493
5Creative Ways To	Wellbeing		CCG		20,000	(20,000)
Tudor Trust Wellbeing					900		900
When We Started Singing					6,785	(6,785)
Homework Support	Covid Emergengy				(73)	73
				205,963	(4,946)	(11,700)	189,317
TOTAL FUNDS				442,736	29388		472,024
Comparative net movement in			funds, included	in the above are as follows;
					Incoming	Resources	Movement
					resources f.	expended f	in funds
Unrestricted funds
General fund					361,726	(326,500)	35,226
Capital Replacement	Fund - Van					(992)	(992)
Restricted funds					361,726	(327,492)	34,234
Capital Development Fund RALP - Capital AGMA - Capital participatory projects Aiming High Capital 5 Creative Ways ToWellbeing			CCG		47,401 23,265 20,000	(474) (418) (646) (58,405) (43,281)	(474) (418) (646) (I1,004) (20,016) 20,000
Tudor Trust Wellbeing When We Started Singing Homework Support Covid Emergengy					2,000 19,940 15,001	(1,100) (13,155) (15,074)	900 6,785 (73)
					127,607	(132,553)	(4,946)
TOTALFUNDS					489,333	(460,045)	29,288

Included within unrestricted general	Included within unrestricted general	Included within unrestricted general	Included within unrestricted general	funds are the following	funds as determined	by the board	oftrustees:-
					Movement in
						yearf	31/03/22 f
Designated	Employment	Fund				20,000	55,000
Designated	Engagement	Fund				20,000	30,000
Designated	Transition &	Sustainability		Fund		30,000	30,000
Designated	Asset Replacement		Fund			10,000	55,000
					90,000	80,000	170,000