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2021-03-31-accounts

Page
Legal and administrative information
Report ofthe Trustees
Independent auditors' report 13-15
Statement
of		 financial activities 1617
Balance sheet 1B
Statement of cashflows 19
Notes to the accounts 20-36
Trustees: Tim Eyles (Chair)
Richard Baldwin
David Blyth (retired 31 December 2020)
Pam Bone (retired 31 December 2020)
Paul Cartwright
Patrick Dillon
Annie Hampson (appointed 14September 2020)
David lan (retired 30 June 2020)
Richard Johnston
Gary Kemp
Simon Ricketts (retired 31 December 2020)
Jane Spiers (appointed 14September 2020)
Truda Spruyt
Anna Stapleton (retired 11 May 2020)
Katherine Town (appointed 14September 2020)
Director Jon Morgan
Charity number 274637
Principal address 22 Charing Cross Road
London
WC2H OQL
Auditors Saffery Champness LLP
Chartered
Accountants
71Queen Victoria Street
London
EC4V 4BE
Bankers Coutts &Co
440 Strand
London
WC2R OQS
Solicitors Harbottle
& Lewis		 LLP
Hanover
House
14Hanover Square
London
W1R OBE
Investment advisors JM Finn &Co
4Coleman Street
London
EC2R STA

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2021 2020
Notes 6 E
Fixed assets
Tangible assets 54,132 82,752
Investments 1,243,309 856,233
Total fixed assets 1,297,441 938,985
Current assets
Debtors 10 48,450 38,239
Cash at bank and in hand 17,965 366,362
Total current assets 66,415 404,601
Liabilities
Creditors: amounts falling
due within one year 11 261,659 260,570
Net current assets (195,244) 144,031
Total assets less current
liabilities 1,102,197 1,083,016
Net assets 1,102,197 1,083,016
Funds
Restricted funds 112,229 193,965
Unrestricted
funds:
General funds 220,000 220,000
Designated
funds		 769,968 669,051
Total funds 13 1,102,197 1,083,016

2021 2020
Notes 6 6
Cash flows from
operating activities:
Net cash (used in)/provided by (185,152) 172,540
operating
activities		 15
Cash flows from
investing
activities:
Dividends
and interest from
investments 30,934 34,328
Purchase ofequipment (1,545) (752)
Leasehold improvements (80,246)
Proceeds from sale ofinvestments 177,317 82,979
Purchase ofinvestments (419,073) (31,794)
Net cash (used in)/provided by
investing
activities		 (212,367) 4,515
Change
in cash and cash equivalents		 (397,519) 177,055
in the reporting
period
Cash and cash equivalents at the 421,397 244,342
beginning
ofthe reporting		 period
Cash and cash equivalents at the 23,878 421,397
end ofthe reporting
period
Analysis ofcash and cash
equivalents
Cash in hand 17,965 366,362
Cash held as investments 5,913 55,035
Total cash and cash equivalents 2Ql78 421@97

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2021 2020
E E
Trustee expenses 317 2,512
Fees payable to the charity's auditors 5,100 5,330
Meeting costs 267
Annual
report		 1,350 1,250
Other governance costs 7,427 1,945
Total governance costs 14,194 11,304

2021 2020
E E
Depreciation/Amortisation offixed assets 30,164 30,548
Fees payable to the charity's auditors for the charity's annual accounts 5,100 4,900
Fees payable to the charity's auditors for other services 1,120 1,130
Operating
lease rentals —office premises		 36,832 51,965

2021 2020
Number Number
The average number of monthly employees during the year was: FTE:9 FTE:10
(Management,
administration		 and charitable services) Headcount: 10 Headcount: 19
Employment costs
2021 2020
E E
Wages and salaries 380,525 402,449
Employers national insurance costs 37,257 39,073
Employers pension contributions 53,419 50,875
Other staff benefit costs 26 318
Staff recruitment costs 25
Staff welfare 677 2,490
Staff training
and		 professional expenses 1,564 4,246
Volunteer costs 75
473,468 499,551

Cost DNIce Leasehold Total Tangible
Equipment Improvements Assets
&Furniture
E E E
At 1April 2020 74,241 80,246 154,487
Additions 1,545 1,545
Disposals
At 31March 2021 75,786 80,246 156,032
Depreciation/Amortisation
At 1April 2020 55,687 16,049 71,736
Charge for the year 14,115 16,049 30,164
Disposals
At 31March 2021 69,802 32,098 101,900
Net book value
At 31March 2021 5,984 48,148 54,132
At 31March 2020 18,555 64,197 82,752
Fixed asset investments
Market value Listed Listed
Investments Investments
2021 2020
E E
Market value at 1April 2020 801,198 929,404
Acquisitions
at cost		 419,073 31,794
Sales proceeds (177,317) (82,979)
Net realised investment gains 3,420 (11,250)
Net unrealised
investment		 gains 191,022 (65,771)
Market value at31March 2021 1,237,396 801,198
Cash held as investments 5,913 55,035
Total investments
at31March 2021		 1,243,309 856,233
Historical cost
At 31March 2021 925,256
At 31March 2020 676,413

2021 2020
E E
Trade debtors 23,826 14,460
Prepayments and accrued income 24,624 20,295
Amounts
due		 from The Theatres Trust 3,484
Total debtors 48,450 38,239

2021 2020
E E
Trade creditors 34,611 1,093
Taxation and social security 12,597 5,519
Other creditors and accruals 214,109 253,958
Amounts
due to The Theatres Trust		 342
Total creditors 261,659 260,570

12
Funds
Funds 2021 Funds at income Expenditure Investment Transfers Funds at
1April gains/ between 31March
2020 (losses) funds 2021
Restricted funds E E E E E
Theatres Protection
fund		 81,736 343,375 (425,111)
TAR Capacity
Building fund		 70,000 (70,000)
TAR Enhanced
Support fund		 112,229 112,229
Covid-19 Response
Fund		 33,000 (33,000)
Total restricted funds 193,965 446,375 (528,111) 112,229
Unrestricted
funds
Designated
funds
Capital Provision
fund		 381,937 194,442 576,379
Organisational
Development		 189,405 (93,525) 95,880
Match Funding
fund		 97,709 97,709
Total designated
funds		 669,051 194,442 (93,525) 769,968
General fund 220,000 559,851 (653,376) 93,525 220,000
Total unrestricted
funds		 889,051 559,851 (653,376) 194,442 989,968
Totalfunds 1,083,016 1,006,226 (1,181,487) 194,442 1,102,197
Funds 2020 Funds at Income Expenditure Investment Transfers Funds at
1April (losses)/ between 31March
2019 gains funds 2020
Restricted funds E E E E E
Resource centre (760) 760
Theatres Protection
fund		 105,506 199,655 (223,425) 81,736
TAR Capacity
Building fund		 35,250 45,000 (91,934) 11,684
TAR Enhanced
Support fund		 112,229 112,229
Total restricted funds 140,756 356,884 (316,119) 12,444 193,965
Unrestricted
funds
Designated
funds
Capital Provision
fund		 458,958 (77,021) 381,937
Organisational
Development		 210,000 (20,595) 189,405
Match Funding fund 125,000 (27,291) 97,709
Total designated
funds		 793,958 (77,021) (47,886) 669,051
General fund 220,000 737,207 (772,649) 35,442 220,000
Total unrestricted
funds		 1,013,958 737,207 (772,649) (77,021) (12,444) 889,051
Totalfunds 1,154,714 1,094,091 (1,088,768) (77,021) 1,083,016

2021 General Designated Restricted Total
E E E E
Tangible fixed assets 54,132 54,132
Investments 473,341 769,968 1,243,309
Current assets (204,778) 271,193 66,415
Current liabilities (102,695) (158,964) (261,659)
Fund balances at31March 2021 220,000 769,968 112,229 1,102,197
2020 General Designated Restricted Total
E E E E
Tangible fixed assets 82,752 82,752
Investments 187,182 669,051 856,233
Current assets (10,272) 414,873 404,601
Current liabilities (39,662) (220,908) (260,570)
Fund balances at 31March 2020 220,000 669,051 193,965 1,083,016

31March 2021the Charitable
Fund had annual
commitments		 under non-cancellable
operating		 leases as follo
2021 2020
E E
Operating lease rentals —office premises
Under one year 43,958 41,458
Between two and five years 116,250 160,208
160,208 201,666

conciliation
ofnet movemen		 t
in funds to		 net cash flow from ope rating
activities
2021 2020
E E
Net income/(expenditure)
for the reporting		 period 19,181 (71,698)
Adjustments
for:
Depreciation
charges		 30,164 30,548
(Gains)/losses
on investments		 (194,442) 77,021
Dividends
and interest from		 investments (30,934) (34,328)
(Increase)/decrease
in debtors		 (10,210) 47,913
Increase/(decrease)
in creditors		 1,089 123,084
Net cash (used in)/provided by operating activities (185,152) 172,540

All grants paid in the year were made grants paid in the year were made grants paid in the year were made towards the protection oftheatres and comprised
the following institutions:		 towards the protection oftheatres and comprised
the following institutions:		 towards the protection oftheatres and comprised
the following institutions:		 towards the protection oftheatres and comprised
the following institutions:
2021 2020
E E
2 Northdown
Ltd		 2,970
Accidental Theatre 5,000
Alexandra
Theatre		 3,300
Alhambra
Theatre Trust		 5,000
Alnwick District Playhouse Trust 5,000
Arts Admin (Toynbee) 5,000
Arun Arts Co Ltd 3,617
Ashby Dramatic Society 5,000
Barn Theatre 3,750
Bernie Grant Arts Centre 5,000
Blackburn
Empire Theatre		 2,037
Blackfriars Theatre And Arts Centre Ltd 5,000
Blue Elephant Theatre 5,000
Brighton Hippodrome
(TAR capacity Building)		 7,000
Bristol Old Vic 4,000
Bromley Little Theatre 5,000
Brookside Theatre 4,715
Burnley Empire (TAR Capacity Building) 10,000
Bury St Edmonds 5,000
Camden
Peoples Theatre		 5,000
Canal Cafd Theatre 2,714
Capital Theatres 4,750
Cast Theatre (Rich Mix) 11,544
Castlegate
Arts Ltd		 5,000
Chapter (Cardiff) Ltd 5,000
Chichester
Festival Theatre		 19,988
Corn Exchange (Newbury) Trust 3,821
Derby Hippodrome
Restoration		 Trust (TAR Capacity Building) 15,000
Eastleigh
Borough Council		 1,395
Eden Court Theatre 16,200
FFIN Dance 3,370
FIFECultural
Trust		 2,491
Friends OfStreatham
Hill Theatre		 (TAR Capacity Building) 6,000
Gateshead
Little Theatre		 5,000
Geoffrey Whltworth
Theatre		 3,000 5,000
Greenwich
Theatre Limited		 3,873 5,000
Hackney Empire Limited 5,000
Hampstead
Theatre
Ltd		 2,440

ants paid in the year (cont in ued)
2021 2020
E E
Hull Truck Theatre 5,000
Hyde Festival Community Association 5,000
Kings Head Theatre 5,000
Kirklees Theatre Trust 4,860
Lancaster Footlights 4,232
Leith Theatre Trust (TAR Capacity Building) 11,000
Lines Inspire Limited 4,699
Litchfield Garrick Theatre 4,746
Live Theatre 1,200
Lowestoft Players 4,920
Lowther Gardens
(Lytham)		 Trust 3,500
Lyric Theatre Hammersmith 3,900
Lyric Theatre
Nl		 18,250
Marina Theatre Trust 4,776
Matchstick Theatre Trust 5,000
Mercury Theatre 5,000
Middlesbrough
Little Theatre Trust		 4,949
Minstead Trust 4,700
Montgomery
Theatre		 5,000
Morecambe
Winter Gardens		 (TAR Capacity Building) 22,000
New Cut Arts 2,560
New Diorama 5,000
North Staffordshire
Theatre		 Trust Ltd 5,000
Northern
Ballet Limited		 2,328
Northern
Stage (Theatrical		 Productions) Ltd 20,000
Norwich Theatre
Royal		 19,750
Old Sorting Office 5,000
Oldbury
Repertory
Players		 912
Paines Plough
Ltd		 5,000
Pavilion Theatre Gorleston 1,532
Pendle Leisure Trust 3,583
Pentameters
Theatre		 3,500
People's Theatre Arts Group 5,000
Peterborough
New Theatre		 (TAR Capacity Building) 7,500
Phoenix Theatre
Blyth		 3,274
Pioneers Theatres
Limited		 5,000
Pitlochry Festival Theatre 4,700
Play ToThe Crowd 5,000
Pleasance Theatre Trust 10,000
Poole Arts Trust Ltd 4,950
Pound Arts Trust 5,000
Race Council Cymru 4,880
Rich Mix Cultural
Foundation		 20,000
Roundhouse
Trust		 4,400
Salford Victoria Theatre Trust (TAR Capacity Building) 21,600
Seaford Musical Theatre 5,000
Sheringham
Little Theatre		 5,000
SirJohn Mills Theatre 20,000
Soho Theatre Walthamstow Granada (TAR Capacity Building) 9,500
Spilsby Theatre
(TAR Capacity Building)		 5,500
Stamford Shakespeare
Company		 2,364

ants paid in the year (con tinued )
2021 2020
6 6
Stanley Halls 5,000
Story Museum 5,000
Studio3Arts 5,000
Swindon
Dance		 3,987 5,000
Swindon
Mechanics
(TAR		 Capacity Building) 23,400
Tavistock Repertory Guarantors Ltd 3,994
Teddington
Theatre Club		 5,000
The Acorn 5,000
The Albany 5,000
The Albert
Hall		 2,835
The Brockley Jack Theatre 4,839
The Coronet Theatre 5,000
The Gate Theatre 2,050
The Georgian Theatre (Richmond) Trust Ltd 20,000
The Groundlings
Theatre		 (TAR Capacity Building) 19,000
The Joseph Rowntree Theatre Ltd 3,000
The Marlowe Trust 20,000
The Playground
Theatre		 5,000
The Spire Arts Ltd 5,000
The Stag Community
Arts		 Centre 5,000
The Theatre Royal Bath Ltd 5,000
The Yard Theatre Ltd 4,000
Theatre Arts Action Trust 5,000
Theatre Peckham 5,000
Traverse Theatre Scotland 5,000
Tynemouth
Priory Theatre		 1,500
Unicorn Theatre 19,089
Unity Theatre 5,000
Upfront
Arts		 4,750
Wakeffeld Theatre Trust 5,000
Warminster
Athenaeum		 Trust 3,522
West Cliff (Tendring) Trust 1,724
Wiltons Music Hall 3,700
Woodend
Arts Limited		 4,800
Worthing Theatres And Museum 1,834
Yvonne Arnaud Theatre 6,400
1-Arts 5,000
Cancelled or reduced grants from prior years:
Chats Palace (cancelled) (5,000)
Stephen Joseph Theatre (reduced) (6,928)
Total grants paid in the year 492,611 313,425