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2021-03-31-accounts

Page
Report ofthe Trustees 1 to 9
Report ofthe Independent
Auditors		 10 to 12
Statement ofFinancial Activities 13
Balance Sheet 14 to 15
Notes to the Financial Statements 16 to 24
Detailed Statement ofFinancial Activities 25 to 26

f or the Year Ended 31March 2 021
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 339,428 34,250 373,678 426,098
Charitable
activities
Theatre activities 1,000 1,000 62,751
Investment
income		 341
Other income 1,869 1,869 10,490
Total 342,297 34,250 376,547 499,680
EXPENDITURE ON
Raising funds 35,954 35,954 42,211
Charitable
activities
Theatre activities 204,419 36,820 241,239 473,833
Total 240,373 36,820 277,193 516,044
NET INCOME/(EXPENDITURE) 101,924 (2,570) 99,354 (16,364)
RECONCILIATION OF FUNDS
Total funds brought forward 120,439 15,833 136,272 152,636
TOTAL FUNDS CARRIED FORWARD 222,363 13,263 235,626 136,272

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes
FIXEDASSETS
Intangible
assets		 8,373 8,373 13,873
Tangible assets 854 854 2,728
9,227 9,227 16,601
CURRENT ASSETS
Debtors 35,504 35,504 85,095
Cash at bank and in hand 189,323 13,263 202,586 76,827
224,827 13,263 238,090 161,922
CREDITORS
Amounts
falling due within one year		 10 (11,691) (11,691) (42,251)
NET CURRENT ASSETS 213,136 13,263 226,399 119,671
TOTAL ASSETSLESSCURRENT LIABILITIES 222,363 13,263 235,626 136,272
NET ASSETS 222,363 13,263 235,626 136,272
FUNDS 12
Unrestricted
funds		 222,363 120,439
Restricted funds 13,263 15,833
TOTAL FUNDS 235,626 136,272

INVESTMENT INCOME
2021 2020
Deposit account interest 341
NET INCOME/(EXPENDITURE)
Net income/(expenditure)
is stated after charging/(crediting):
2021 2020
Auditors'
remuneration		 2,100 2,025
Depreciation
- owned assets		 1,874 2,351
Website development
amortisation		 5,500 5,500

The averag e monthly
number ofemployees
during
the ye		 ar was as follows:
2021 2020
Management 1 2
Charitable activities 6 6

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31March 2021		 NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31March 2021		 NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31March 2021
COMPARATIVES (YEAR ENDED 31MARCH 2020)FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 299,252 126,846 426,098
Charitable
activities
Theatre activities 62,751 62,751
Investment
income		 341 341
Other income 10,490 10,490
Total 372,834 126,846 499,680
EXPENDITURE ON
Raising funds 42,211 42,211
Charitable
activities
Theatre activities 330,820 143,013 473,833
Total 373,031 143,013 516,044
NET INCOME/(EXPENDITURE) (197) (16,167) (16,364)
RECONCILIATION OF FUNDS
Total funds brought forward 120,636 32,000 152,636
TOTAL FUNDS CARRIED FORWARD 120,439 15,833 136,272

Website
development
COST
At 1 April 2020 and 31 March 2021 27,500
AMORTISATION
At 1 April 2020 13,627
Charge for year 5,500
At 31March 2021 19,127
NET BOOK VALUE
At 31March 2021 8,373
At 31March 2020 13,873
TANGIBLE FIXEDASSETS
Fixtures
and Computer
fittings equipment Totals
COST
At 1 April 2020 and 31March 2021 7,552 21,964 29,516
DEPRECIATION
At 1 April 2020 6,541 20,247 26,78&
Charge for year 342 1,532 1,874
At 31March 2021 6,883 21,779 28,662
NET BOOK VALUE
At 31March 2021 669 185 854
At 31 March 2020 1,011 1,717 2,728
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Trade debtors 1,176 9,147
Other debtors 1,809
Theatre Tax and Museums and Galleries Exhibition Tax Reliefs 22,826 35,734
VAT 4,701
Prepayments and accrued income 9,693 35,513
35,504 85,095

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Trade creditors 3,096 516
Social security and other taxes 2,727
VAT 2,235
Other creditors 85 35,058
Accrued expenses 6,275 3,950
11,691 42,251
2021 2020
Within one year 13,333 16,000
Between one and five years 53,333 64,000
In more than five years 222,222 288,000
288,888 368,000
MOVEMENT IN FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
Unrestricted
funds
General fund 120,439 101,924 222,363
Restricted
funds
Capital project
Hullabaloo
Programme		 10,000
5,833		 ~2,070) 10,000
3,263
15,833 ~2,070) 13,263
TOTAL FUNDS 136,272 99,354 235,626

Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 342,297 (240,373) 101,924
Restricted
funds
Hullabaloo
Programme		 34,250 (36,820) (2,570)
TOTAL FUNDS 376,547 ~277,193) 99,354
Comparatives
(Year Ended 31March 2020) for movement		 in funds
Net
movement At
At 1.4.19 in funds 31.3.20
Unrestricted
funds
General fund 120,636 (197) 120,439
Restricted
funds
Capital project 10,000 10,000
Hullabaloo
Programme		 22,000 ~16,167) 5,833
32,000 ~16,167 15,833
TOTAL FUNDS 152,636 ~16,364) 136,272
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 372,834 (373,031) (197)
Restricted funds
Hullabaloo
Programme		 66,666 (82,833) (16,167)
Great Places Scheme 60,180 ~60,100)
126,846 ~143,013 ~16,167)
TOTAL FUNDS 499,680 (516,044) ~16,364)

Net
movement At
At 1.4.19 in funds 31.3.21
Unrestricted
funds
General fund 120,636 101,727 222,363
Restricted funds
Capital project 10,000 10,000
Hullabaloo
Programme		 22,000 ~18,737) 3,263
32,000 ~18,737) 13,263
TOTAL FUNDS 152,636 82,990 235,626
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 715,131 (613,404) 101,727
Restricted
funds
Hullabaloo
Programme		 100,916 (119,653) (18,737)
Great Places Scheme 60,180 ~60,180)
161,096 ~179,833) ~18,737}
TOTAL FUNDS 876,227 ~793,237) 82,990

CLEVELAN D INDEPENDENT THEATRE COMPANY
LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31March 2021
2021 2020
INCOME AND ENDOWMENTS
Donations
and		 legacies
Gift aid 209
Grant income 118,645 170,996
Donations 109 4,575
Core funding 254,924 250,318
373,678 426,098
Investment
income
Deposit account interest 341
Charitable
activities
Production
income		 1,000 62,751
Other income
Other income 490
Theatre Tax Relief 1,869 10,000
1,869 10,490
Total incoming resources 376,547 499,680
EXPENDITURE
Raising donations and legacies
Wages 33,850 39,484
Social security 2,104 2,727
35,954 42,211
Charitable
activities
Wages 43,576 63,121
Social security 2,641 4,264
Pensions 2,083 2,263
Production
costs		 12,064 14,939
Directors and designers 10,917 18,596
Sets and props 15,260 20,529
Actors fees 2,830 44,338
Musicians
fees		 3,077
Royalties 4,721
Marketing 16,246 45,986
Touring company fees 64,930
Carried forward 105,617 286,764

for the Year Ende d 31March 2021
2021 2020
Charitable
activities
Brought forward 105,617 286,764
Touring travel and subsistence 32 34,914
Management fees 6,177
105,649 327,855
Support costs
Management
Wages 31,704 31,867
Social security 1,376 1,732
Insurance 1,949 1,931
Print, post and stationery 1,071
Sundries 1,398 643
Rent 17,295 20,475
Subscriptions 1,224 2,180
ITsupport
and maintenance		 6,616 7,317
Bank charges 55 385
Leasing ofequipment 239
Repairs and maintenance 7,202 1,553
Professional fees 7,928 7,182
Consultancy fees 350 1,445
Training
and		 welfare 1,925 1,377
Travel and subsistence 637 4,210
Recruitment expenses 693 852
Refreshments 940
VAT manual adjustments 12,161 11,657
Amoitisation ofwebsite 5,500 5,500
Fixtures and fittings 343 389
Computer
equipment		 1,532 1,961
99,888 104,906
Finance
Wages 29,303 34,929
Social security 2,524 2,343
31,827 37,272
Governance costs
Auditors'
remuneration		 2,100 2,025
Accountancy fees 1,775 1,775
3,875 3,800
Total resources expended 277,193 516,044
Net income/(expenditure) 99,354 ~16,364)