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|||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||||
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|||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|
##
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|||||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|
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||||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|
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||||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|
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022|2021|
|||F|
|8,754|8,754|1,175|
|1,175|1,175||
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||||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|
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||||||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|
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|||||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|
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||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|
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||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|
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|||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|
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|||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|
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|||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|
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|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|
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