## ||||Page| |---|---|---|---| |Legal and administrative||information|| |Report ofthe|Trustees||2-13| |Independent|auditors'|report|14-16| |Statement of|financial|activities|17-18| |Balance sheet|||19| |Statement of|cashflows||20| |Notes to the accounts|||21-37| |Trustees:||David Moutrey|OBE|Chair| |---|---|---|---|---| |||Katherine
Town||Vice Chair| |||Paul Cartwright||| |||James Dacre||| |||Suba Das||| |||Stephanie
Hall||| |||Annie Hampson||| |||Richard Johnston||| |||Gary Kemp||| |||Lucy Osborne||| |||Jane Spiers||| |||Truda Spruyt||| |Director||Jon Morgan||| |Charity number||274697||| |Principal address||22 Charing Cross Road||| |||London||| |||WC2H OQL||| |Auditors||Saffery Champness||| |||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||| |||4 Coleman Street||| |||London
EC2R STA||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||la
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0| ## ||||||2023||2022| |---|---|---|---|---|---|---|---| ||||Notes||E||E| |Fixed assets|||||||| |Tangible assets|||||33,171||49,014| |Investments|||||996,271||1,151,602| |Total fixed assets|||||1,029,442||1,200,616| |Current assets|||||||| |Debtors|||10|95,978||41,042|| |Cash at bank|and in|hand||158,537||123,327|| |Total current assets||||254,515||164,369|| |Liabilities|||||||| |Creditors: amounts||falling|||||| |due within one year|||11|178,495||178,190|| |Net current|assets||||76,020||(13,821)| |Total assets|less current||||||| |liabilities|||||1,105,462||1,186,795| |Net assets|||||1,105,462||1,186,795| |Funds|||12||||| |Restricted funds|||||66,692||98,468| |Unrestricted|funds:||||||| |General funds|||||356,129||220,000| |Designated|funds||||682,641||868,327| |Totalfunds|||||1,105,462||1,186,795| ## |||||2023||2022| |---|---|---|---|---|---|---| |||Notes||E||E| |Cash flows from||||||| |operating
activities:||||||| |Net cash (used in)/provided|by|||5,264||(52,264)| |operating
activities||15||||| |Cash flows from||||||| |investing
activities:||||||| |Dividends
and interest from||||||| |investments|||28,462||30,846|| |Purchase ofequipment|||(6,349)||(17,582)|| |Leasehold
improvements||||||| |Proceeds from sale ofinvestments|||195,494||253,326|| |Purchase ofinvestments|||(196,155)||(101,069)|| |Net cash provided
by/(used|in)|||||| |investing
activities||||21,452||165,521| |Change in cash and cash||||26,716||113,257| |equivalents
in the reporting||||||| |period||||||| |Cash and cash equivalents|at the|||137,135||23,878| |beginning
ofthe reporting|period|||||| |Cash and cash equivalents|at the|||163,851||137,135| |end ofthe reporting
period||||||| |Analysis ofcash and cash||||||| |equivalents||||||| |Cash in hand||||158,537||123,327| |Cash held as investments||||5,314||13,808| |Total cash and cash equivalents||||163,851||137,135| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Ia
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0| |||||||||||||||||||||||||IU| ## ## ||||2023|2022| |---|---|---|---|---| ||||E|E| |Trustee expenses|||1,245|740| |Fees payable to the charity's||auditors|8,500|5,290| |Meeting costs|||870|500| |Annual
report|||1,700|1,625| |Other governance|costs||8,512|4,302| |Total governance|costs||20,827|12,457| |||||2023|2022| |---|---|---|---|---|---| |||||E|E| |Depreciation/Amortisation|offixed assets|||22,192|22,700| |Fees payable to the charity's|auditors for the charity's|annual|accounts|8,500|5,850| |Fees payable to the charity's|auditors for other services||||| |Operating
lease rentals —office premises||||46,490|43,599| ## ## ## ## |||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---| |||||||||Number|Number| |The average number|||of monthly||employees|during the year was:||FTE:10|FTE;9| |(Management,
administration,|||||and charitable||services)|Headcount: 13|Headcount;
11| |Employment|costs||||||||| |||||||||2023|2022| |||||||||E|E| |Wages and|salaries|||||||491,434|402,122| |Employers|national||insurance|costs||||48,486|37,832| |Employers|pension contributions|||||||60,356|50,293| |Staff recruitment||costs||||||1,419|5,745| |Staff welfare||||||||1,718|1,160| |Staff training
and||professional||expenses||||3,355|1,876| |||||||||606,768|499,028| ||||2023|2022| |---|---|---|---|---| |E60,000|-|E70,000|0|1| |E70,000|-|E80,000|1|0| ## ## ## ## |Cost|||||Office|Leasehold|Total Tangible| |---|---|---|---|---|---|---|---| ||||||Equipment|Improvements|Assets| ||||||lk Furniture||| ||||||E|E|E| |At 1April 2022|||||93,368|80,246|173,614| |Additions|||||6,349||6,349| |Disposals|||||||| |At 31March|2023||||99,717|80,246|179,963| |Depreciation/Amortisation|||||||| |At 1April 2022|||||76,453|48,147|124,600| |Charge for the year|||||6,143|16,049|22,192| |Disposals|||||||| |At 31March|2023||||82,596|64,196|146,792| |Net book value|||||||| |At 31March|2023||||17,121|16,050|33,171| |At 31March|2022||||16,915|32,099|49,014| |Fixed asset investments|||||||| |Market value||||||Listed|Listed| |||||||Investments|Investments| |||||||2023|2022| |||||||E|E| |Market value|at 1April 2022|||||1,137,794|1,237,396| |Acquisitions|at cost|||||196,155|101,069| |Sales proceeds||||||(195,494)|(253,326)| |Net realised|investment||losses|||(28,533)|9,195| |Net unrealised
investment||||losses||(118,965)|43,460| |Market value at31March||||2023||990,957|1,137,794| |Cash held as|investments|||||5,314|13,808| |Total investments||at 31|March 2023|||996,271|1,151,602| |Historical cost|||||||| |At 31March|2023|||||850,414|| |At 31March|2022|||||832,040|| ## ## ## |||2023|2022| |---|---|---|---| |||E|E| |Trade debtors||4,827|5,095| |Prepayments|and accrued income|81,013|29,551| |Amounts
due|from The Theatres Trust|10,138|6,396| |Total debtors||95,978|41,042| ## ||2023|2022| |---|---|---| ||E|E| |Trade creditors|5,231|19,608| |Taxation and social security|844|1,094| |Other creditors and accruals|172,420|157,488| |Total creditors|178,495|178,190| ## ## |12
Funds|||||||| |---|---|---|---|---|---|---|---| |Funds 2023||Funds at|Income|Expenditure|Investment|Transfers|Funds at| |||1April|||gains/|between|31March| |||2022|||(losses)|funds|2023| |Restricted funds||E|E|E|E|E|E| |Theatres Protection
fund|||269,018|(266,802)|||2,216| |TAR Capacity
Building|fund|8,000|34,126|(31,752)|||10,374| |TAR Enhanced
Support|fund|90,468||(36,366)|||54,102| |Total restricted
funds||98,468|303,144|(334,920)|||66,692| |Unrestricted
funds|||||||| |Designated
funds|||||||| |Capital Provision
fund||629,034|||(147,498)|(381,290)|100,246| |Organisational
Development||141,584||||34,841|176,425| |Match Funding
funds:|||||||| |Research Programme|Fund|||||152,800|152,800| |Theatres
Mapping
Fund||9,102||(4,692)||171,143|175,553| |Theatre Green Book Fund||3,889|17,937|(2,962)||44,652|63,516| |TAR Capacity
Building/||||||14,101|14,101| |TAR Enhanced Support|||||||| |Match Funding - Future||84,718||||(84,718)|| |projects|||||||| |Total designated
funds||868,327|17,937|(7,654)|(147,498)|(48,471)|682,641| |General fund||220,000|854,846|(767,188)||48,471|356,129| |Total unrestricted
funds||1,088,327|872,783|(774,842)|(147,498)||1,038,770| |Total funds||1,186,795|1,175,927|(1,109,762)|(147,498)||1,105,462| ## ## |Funds 2022||Funds at|Income|Expenditure|Investment|Transfers|Funds at| |---|---|---|---|---|---|---|---| |||1April|||gains/|between|31March| |||2021|||(losses)|funds|2022| |Restricted funds||E|E|E|E||E| |Theatres Protection
fund|||247,500|(247,500)|||| |TAR Capacity
Building|fund||46,500|(38,500)|||8,000| |TAR Enhanced Support|fund|112,229||(21,761)|||90,468| |Total restricted funds||112,229|294,000|(307,761)|||98,468| |Unrestricted
funds|||||||| |Designated
funds|||||||| |Capital Provision
fund||576,379|||52,655||629,034| |Organisational
Development||98,599||||42,985|141,584| |Match Funding funds:|||||||| |Research Programme|Fund||||||| |Theatres
Mapping
Fund||10,272||||(1,170)|9,102| |Theatre Green Book Fund||||||3,889|3,889| |TAR Capacity Building/|||||||| |TAR Enhanced
Support|||||||| |Match Funding
- Future||84,718|||||84,718| |projects|||||||| |Total designated
funds||769,968|||52,655|45,704|868,327| |General fund||220,000|749,572|(703,868)||(45,704)|220,000| |Total unrestricted
funds||989,968|749,572|(703,868)|52,655||1,088,327| |Total funds||1,102,197|1,043,572|(1,011,629)|52,655||1,186,795| ## ## ## |13|Analysis ofnet assets between|Analysis ofnet assets between|funds||||| |---|---|---|---|---|---|---|---| ||2023|||General|Designated|Restricted|Total| |||||E|E|E|E| ||Tangible|fixed assets||33,171|||33,171| ||Investments|||313,630|682,641||996,271| ||Current|assets||85,870||168,645|254,515| ||Current|liabilities||(76,542)||(101,953)|(178,495)| ||Fund balances at 31March||2023|356,129|682,641|66,692|1,105,462| ||2022|||General|Designated|Restricted|Total| |||||E|E|E|E| ||Tangible|fixed assets||49,014|||49,014| ||Investments|||283,275|868,327||1,151,602| ||Current|assets||(74,925)||239,294|164,369| ||Current|liabilities||(37,364)||(140,826)|(178,190)| ||Fund balances at31March||2022|220,000|868,327|98,468|1,186,795| ## ## |31March|2023 the Charitable
Fund had annual
commitments|under non-cancellable
operating|leases as foll| |---|---|---|---| |||2023|2022| |||E|E| |Operating|lease rentals —office premises||| |Under one year||48,958|46,458| |Between|two and five years|20,833|69,792| |||69,791|116,250| ## ## |conciliation ofne|t movemen|t
in funds to|net cash flow from ope|rating
activities|| |---|---|---|---|---|---| |||||2023|2022| |||||E|E| |Net (expenditure)/income
for the reporting|||period|(81,333)|84,598| |Adjustments
for:|||||| |Depreciation
charges||||22,192|22,700| |Losses/(gains)
on|investments|||147,498|(52,655)| |Dividends
and interest from||investments||(28,462)|(30,846)| |(Increase)/decrease|in debtors|||(54,936)|7,408| |Increase/(decrease)|in creditors|||305|(83,469)| |Net cash provided|by/(used|in) operating|activities|5,264|(52,264)| ## ## ## |||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---| |||||||||E|E| |An Lanntair
Ltd||||||||20,000|| |Arts At the Old Fire Station||||||||17,030|| |Beccles Public Hall and Theatre||||||||4,700|| |Brewhouse Theatre||||||||5,000|| |Brookside Theatre|||||||||4,782| |Bury St Edmonds|||||||||5,000| |Citizens Theatre|||||||||5,000| |Clapham
Omnibus
Theatre|||||||||5,000| |Dolman Theatre|||||||||4,000| |Doncaster Grand Theatre|||(TAR capacity||Buildi|ng)|||11,500| |Doncaster Performance|Venue Ltd|||||||20,000|| |Dundee Repertory Theatre||||||||5,000|| |Dundee Repertory Theatre|||||||||16,940| |Eastgate Theatre &Arts||Centre||||||5,000|| |Eden Court Theatre||||||||5,000|| |Exeter Phoenix||||||||4,847|| |Finborough
Theatre|||||||||5,000| |Folkestone & Hythe Operatic &Dramatic Soci||||||ety|||5,000| |Georgian Theatre Royal||||||||5,000|| |Hackney
Empire|||||||||5,000| |King's Theatre
Kirkcaldy||(TAR capacity|||Buildin|8)||7,950|7,000| |Kirklees Theatre Trust|||||||||5,000| |Leeds Grand Theatre and|||Opera House|||||19,922|| |Leicester YMCA (The YTheatre)||||||||5,000|| |Lemon Tree, Aberdeen||||||||4,120|| |Lyric Hammersmith
Theatre|||||||||4,900| |Malvern
Cube Youth and||Community||Trust||||5,000|| |Malvern Theatres|||||||||5,000| |Marine Theatre||||||||5,000|| |New Diorama Theatre||||||||7,175|| |Northern
Stage Theatrical|||Ltd|||||5,000|| |Oxford Playhouse||||||||5,000|| |Oxford Playhouse|||||||||20,000| |Pateley Bridge Playhouse|||||||||5,000| |Questors Theatre||||||||5,000|| |Ramsbottom
Coop Hall Heritage Trust|||||(TAR ca||pacity Building)||19,000| |Rich Mix||||||||4,906|| |Robin Hood 'Theatre|||||||||3,039| |Romiley
Little Theatre|||||||||4,540| |Romsey Amateur
Operatic|||and Dramatic Soci|||ety||5,000|| |Royal Court Liverpool|||||||||5,000| |Royal Court Theatre, Bacup||||||||5,000|| |Royal Lyceum
Edinburgh|||||||||20,000| |Seven Dials Playhouse|||||||||5,000| |Shanklin Theatre||||||||5,000|| |Sheppey
Little Theatre|||||||||2,084| |Sheringham
Little Theatre||||||||5,000|| ## |17|Grants paid in the year (continued)|Grants paid in the year (continued)|Grants paid in the year (continued)|||| |---|---|---|---|---|---|---| ||||||2023|2022| ||||||6|6| ||Soho Theatre||||5,000|| ||South
Hill Park Arts||||5,000|| ||Stanley
Halls|||||5,000| ||Thame Players Theatre||||5,000|| ||The Chipping
Norton Theatre||||4,538|| ||The Courtyard
Theatre|||||12,126| ||The Customs House|||||16,520| ||The Derry Playhouse||||5,000|| ||The Garage Trust||||20,000|| ||The Garage Trust|||||5,000| ||The Old Library Bodmin|||||4,155| ||The Roses Theatre|||||11,219| ||The St Paul's Arts Trust||||5,000|| ||The Stables Theatre|||||5,000| ||Theatr Brycheiniog
Cyf|||||5,000| ||Theatre
Royal Winchester|||||20,000| ||Theatro Technis Co Ltd|||||5,000| ||Trinity Theatre and Arts Centre|||||5,000| ||Tyne Theatre and Opera|House|||19,891|| ||Wakefield Theatre Trust||||5,000|| ||Wardrobe
Theatre||||4,920|| ||Warminster
Aetheneum|Trust||||5,000| ||Wilton's
Music Hall|||||3,195| ||Wisbech Theatres Trust|||||5,000| ||Worcester
Live Charitable|||||5,000| ||Workshop Theatre (National||Youth)||5,000|| ||York Citizens Theatre Trust||||4,753|| ||Cancelled or reduced grants||from prior years:|||| ||Peterborough
New Theatre||(TAR Capacity|Building) reduced||(20)| ||Brighton Hippodrome
(TAR Capacity Building) reduced||||(448)|| ||Total grants paid in the year||||274,304|284,980|