| Page | ||
|---|---|---|
| Reference and Administrative Details ofthe Company, |
its Trustees and Advisers | |
| Trustees' Report |
2-? | |
| Independent Auditors' Report on the Financial Statements |
8-11 | |
| Consolidated Statement ofFinancial Activities |
12 | |
| Consolidated Statement ofFinancial Position |
13 | |
| Company Statement of Financial Position |
14 | |
| Notes to the Financial Statements | 15-33 |
| SEVEN DIALS | SEVEN DIALS | PLAYHOUSE LIMITED | PLAYHOUSE LIMITED | |||
|---|---|---|---|---|---|---|
| (A Company | Limited | by Guarantee} | ||||
| REFERENCE AND | ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS |
|||||
| FOR THE YEAR ENDED 31 MARCH 2022 | ||||||
| Trustees | Elliot Barnes-Worrell | (resigned | 31 December 2022) | |||
| Faye Castelow | ||||||
| lan Nicol | ||||||
| Andrew Subramaniam, |
Chair | |||||
| Jamie Wilkes | ||||||
| Company | registered | |||||
| number | 01353824 | |||||
| Charity registered | ||||||
| number | 275934 | |||||
| Registered | office | 1ATower Street | ||||
| London | ||||||
| WC2H 9NP | ||||||
| Company | secretary | Andrew Subramaniam |
||||
| Chief Executive | Amanda Davey |
|||||
| Independent | auditors | Nyman Libson Paul LLP |
||||
| Chartered Accountants |
||||||
| Registered Auditors |
||||||
| 124 Finchley Road | ||||||
| London | ||||||
| NW3 5JS | ||||||
| Bankers | Unity Trust Bank Pic | |||||
| 9 Brindley Place | ||||||
| Birmingham | ||||||
| B1 2HB |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | F | ||||
| Income from: | |||||
| Donations and legacies |
231,986 | 231,986 | 407,540 | ||
| Charitable activities |
158,191 | 158,191 | 99,587 | ||
| Other trading activities |
26,859 | 26,859 | 178,946 | ||
| Total income | 417,036 | 417,036 | 686,073 | ||
| Expenditure on: |
|||||
| Raising funds | 8,754 | 8,754 | 1,175 | ||
| Charitable activities |
692,494 | 692,494 | 451,813 | ||
| Total expenditure | 701,24S | 701,248 | 452,988 | ||
| Net (expenditure)iincome | (284,212) | (284,212) | 233,085 | ||
| Transfers between funds |
16 | (463,474) | 463,474 | ||
| Net movement in funds before other |
|||||
| recognised gains |
(463,474) | 179,262 | (284,212) | 233,085 | |
| Other recognised gains: | |||||
| Gains on revaluation offixed assets |
2,637,406 | 2,637,406 | |||
| Net movement in funds |
(463,474) | 2,816,66S | 2,353,194 | 233,085 | |
| Reconciliation offunds: |
|||||
| Total funds brought forward |
463,474 | 361,586 | 825,060 | 591,975 | |
| Net movement in funds |
(463,474) | 2,816,668 | 2,353,194 | 233,085 | |
| Total funds carried forward | 3,178,254 | 3,178,254 | 825,060 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible assets | 12 | 3,814,230 | 1,197,175 | |||
| 3,814,230 | 1,197,175 | |||||
| Current assets | ||||||
| Debtors | 13 | 147,987 | 120,823 | |||
| Cash at bank and in hand | 84,423 | 344,201 | ||||
| 232,410 | 465,024 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 14 | (126,128) | (68,334) | |||
| Net current assets | 106,282 | 396,690 | ||||
| Total assets less current liabilities | 3,920,512 | 1,593,865 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 15 | (742,258) | (768,805) | |||
| Net assets | 3,178,254 | 825,060 | ||||
| Total net assets | 3,178,254 | 825,060 | ||||
| Charity funds | ||||||
| Restricted funds | 16 | 463,474 | ||||
| Unrestricted funds |
16 | 3,178,254 | 361,586 | |||
| Total funds | 3,178,254 | 825,060 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | E | |||||
| Fixed assets | ||||||
| Tangible assets | 12 | 3,813,379 | 1,1S6,040 | |||
| 3,813,379 | 1,196,040 | |||||
| Current assets | ||||||
| Debtors | 13 | 147,987 | 86,187 | |||
| Cash at bank and | in hand | 84,423 | 344,201 | |||
| 232,410 | 430,388 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 14 | (165,148) | (65,834) | |||
| Net current assets | 67,262 | 364,554 | ||||
| Total assets less | current liabilities | 3,880,641 | 1,560,594 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 15 | (742,258) | (768,805) | |||
| Total net assets | 3,138,383 | 791,789 | ||||
| Charity funds | ||||||
| Restricted funds | 16 | 463,474 | 463,474 | |||
| Unrestricted funds |
16 | 2,674,909 | 328,315 | |||
| Total funds | 3,138,383 | 791,789 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| F | |||||
| Donations | 6,285 | 6,285 | 62,980 | ||
| Grants (see | analysis | below) | 225,701 | 225,701 | 344,560 |
| 231,986 | 231,986 | 40?,540 | |||
| Analysis of | grants | ||||
| 2022 | 2021 | ||||
| Arts Council | England | 142,181 | 251,000 | ||
| Coronavirus | Job Retention Scheme | 32,592 | 93,560 | ||
| London Borough ofCamden | 50,928 | ||||
| 225,701 | 344,560 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | ||||
| Productions | ||||
| Boxoffice income | 41,326 | |||
| Co-production | income | 20,000 | ||
| Theatre tax relief | 74,692 | |||
| 136,018 | ||||
| Other activities | ||||
| Membership | income | 14,918 | 58,818 | |
| Hire income | 7,255 | 40,769 | ||
| 22,173 | 99,587 | |||
| Total income | from charitable | activities | 158,191 | 99,587 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| E | ||||||
| Other income (VAT refund) | 126,721 | |||||
| Trading income | from subsidiary | - | workshops | 11,577 | 11,577 | 50,885 |
| Bar, programme | and merchandise | income | 15,282 | 15,282 | 1,340 | |
| Total 2022 | 26,859 | 26,859 | 178,946 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022 | 2022 | 2021 |
| F | ||
| 8,754 | 8,754 | 1,175 |
| 1,175 | 1,175 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total | Total | |||
| directly | costs | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| F | F | F | ||||
| Charitabie | expenditure | 414,212 | 278,282 | 692,494 | 451,813 | |
| Total 2021 | 188,728 | 263,085 | 451,813 | |||
| Analysis ofdirect costs | ||||||
| Total | Total | |||||
| funds | funds | |||||
| 2022 | 2021 | |||||
| Staffcosts | 174,855 | 1?2,108 | ||||
| Production | - design fees | 34,912 | ||||
| Production | -cast fees | 40,378 | ||||
| Production | -costume fees | 7,386 | ||||
| Production | -stage, sound and photography | fees | 23,959 | |||
| Production- | technical fees | 5,281 | ||||
| Production | —travel expenditure | 12,247 | ||||
| Production | -Set construction | 100,000 | ||||
| General expenditure | 574 | 1,528 | ||||
| Ticketing fees | 4,928 | |||||
| Tutors fees | 4,620 | 13,577 | ||||
| Website maintenance | 5,072 | 1,515 | ||||
| 414,212 | 188,728 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| Staff costs | 12,425 | 36,962 | ||||
| Subsidiary expenditure |
78,981 | |||||
| ITexpenditure | 12,957 | 2,576 | ||||
| Marketing fees for | rebranding | 19,340 | 1,255 | |||
| PR fees for rebranding | 9,000 | |||||
| General rebranding |
expenditure | 36,897 | 3,2QO | |||
| Rates | 15,537 | 1,182 | ||||
| Electricity | 6,361 | 12,730 | ||||
| Insurance | 8,840 | 3,034 | ||||
| Printing, stationery |
& | photocopying | 16,637 | 12,660 | ||
| General, subsistence | 8 office expenditure | 22,710 | 13,017 | |||
| Provision for bad debts |
10,342 | |||||
| Telephone | 5,002 | 8,325 | ||||
| Bank &credit card | charges | 5,196 | 8,046 | |||
| Interest payable | 33,828 | 27,775 | ||||
| Audit &accountancy | fees | 20,219 | 9,927 | |||
| Consultancy fees |
11,290 | 'I2,417 | ||||
| Legal fees | 1,150 | |||||
| Depreciation | 30,551 | 30,998 | ||||
| 278,282 | 263,085 | |||||
| 9. | Auditors' remuneration |
|||||
| 2022 | 2021 | |||||
| F | ||||||
| Auditors' remuneration |
12,00Q | 11,455 |
| Group | Group | Company | Company | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||
| F | |||||||
| Wages and | salaries | 174,855 | 190,825 | 174,855 | 167,696 | ||
| Social security costs | 11,309 | 15,653 | 11,309 | 10,331 | |||
| Contribution | to defined | contribution | pension | ||||
| schemes | 1,116 | 2,592 | 1,116 | 2,592 | |||
| 187,280 | 209,070 | 18?,280 | 180,619 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| No. | No. | No. | No. | ||
| Theatre production | and other charitable | ||||
| activities | 10 | 10 |
| Long-term | ||||
|---|---|---|---|---|
| leasehold | Plant and | Fixtures and | ||
| property | machinery | fittings | Total | |
| F | F | |||
| Cost or valuation | ||||
| At 1 April 2021 | 600,000 | 1,160,337 | 184,596 | 1,944,933 |
| Additions | 10,200 | 10,200 | ||
| Revaluations | 2,039,663 | 2,039,663 | ||
| At 31 March 2022 | 2,639,663 | 1,160,337 | 194,796 | 3,994,796 |
| Depreciation | ||||
| At 1 April 2021 | 162,000 | 406,536 | 179,222 | 747,758 |
| Charge for the year | 6,000 | 23,207 | 1,344 | 30,551 |
| On revalued assets | (168,000) | {429,743) | (597,743) | |
| At 31 March 2022 | 180,566 | 180,566 | ||
| Net book value | ||||
| At 31 March 2022 | 2,639,663 | 1,160,337 | 14,230 | 3,814,230 |
| At 31 March 2021 | 438,000 | 753,801 | 5,374 | 1,197,175 |
| Long-term | ||||
|---|---|---|---|---|
| leasehold | Plant and | Fixtures and | ||
| property | machinery | fittings | Total | |
| E | F | |||
| Cost or valuation | ||||
| At 1 April 2021 | 600,000 | 1,160,337 | 179,815 | 1,940,152 |
| Additions | 10,200 | 10,200 | ||
| Revaluations | 2,039,663 | 2,039,663 | ||
| At 31 March 2022 | 2,639,663 | 1,160,337 | 190,015 | 3,990,015 |
| Depreciation | ||||
| At 1 April 2021 | 162,000 | 406,536 | 175,576 | 744,112 |
| Charge for the year | 6,000 | 23,207 | 1,060 | 30,267 |
| On revalued assets | (16S,QQQ) | (429,743) | (597,743) | |
| At 31 March 2022 | 176,636 | 176,636 | ||
| Net book value | ||||
| At 31 March 2022 | 2,639,663 | 1,160,337 | 13,379 | 3,813,379 |
| At 31 March 2021 | 43S,000 | 753,801 | 4,239 | 1,196,040 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| F | E | ||||
| Freehold property |
432,000 | 438,000 | 432,000 | 438,000 | |
| Plant and machinery | 730,594 | 753,801 | 730,594 | 753,801 | |
| Fixtures and fittings | 14,230 | 5,374 | 13,379 | 4,239 | |
| 1,176,824 | 1,197,175 | 1,175,973 | 1,196,040 | ||
| Debtors | |||||
| Group | Group | Company | Company | ||
| 2022 | 2021 | 2022 | 2021 | ||
| F | F | E | |||
| Due within one year | |||||
| Trade debtors | 2,626 | 9,737 | 2,626 | 9,737 | |
| Amounts owed by group undertakings |
67,139 | ||||
| Other debtors | 33,426 | 111,086 | 33,426 | 9,311 | |
| Prepayments | and accrued income | 37,243 | 37,243 | ||
| Tax recoverable | 74,692 | 74,692 | |||
| 147,987 | 120,823 | 147,987 | 86,187 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2022 | 2Q21 | 2022 | 2021 | ||
| F | E | F | |||
| Bank loans and overdrafts | 45,610 | 26,667 | 45,610 | 26,667 | |
| Trade creditors | 27,623 | 21,493 | 27,623 | 21,493 | |
| Amounts owed to group undertakings |
41,520 | ||||
| Other taxation and social security | 6,871 | 6,564 | 6,871 | 6,564 | |
| Other creditors | 1,123 | 2,72Q | 1,123 | 2,720 | |
| Accruals and deferred | income | 44,901 | 10,890 | 42,401 | 8,390 |
| 126,128 | 68,334 | 165,148 | 65,834 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| F | E | ||||
| Bank | loans | 592,258 | 618,805 | 592,258 | 618,805 |
| Other | loans | 150,000 | 150,000 | 150,000 | 150,000 |
| ?42,258 | 768,805 | ?42,258 | 768,805 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| E | E | F | ||||
| Repayable | by | instalments | 375,983 | 330,472 | 375,983 | 330,472 |
| Analysis | of n | et assets between funds - current year | ||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| E | ||||
| Tangible | fixed | assets | 3,814,230 | 3,814,230 |
| Current | assets | 232,410 | 232,410 | |
| Creditors | due | within one year | (126,128) | {126,128) |
| Creditors | due | in more than one year | (742,258) | (742,258) |
| Total | 3,178,254 | 3,178,254 |