2021-03-31-accounts - Canterbury Theatre And Festival Trust

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					Page
Trustees' annual report (incorporating the			director's	report)
Independent auditor's	report to	the members
Statement offinancial	activities	(including	income and
expenditure account)					16
Statement offinancial	position				17
Statement ofcash flows					18
Notes to the financial	statements
The following pages	do not form part ofthe financial statements
Detailed statement offinancial		activities			33
Notes to the detailed	statement	of financial	activities		35

		Period	Period	Period	from 1 January 2	02	0	to 31 M	arch 202	1
Reference		and administrative			details
Registered		charity	name		Canterbury Theatre	and		Festival Trust
Charity	registration		number		279714
Company		registration		number	01480595
Principal	office and		registered		8 Orange Street
office					Canterbury
					Kent
					CT1 2JA
					United Kingdom
The trustees
					Dr K E Neales
					Mr H D H G Barton
					Mr C Carmichael
					Mrs C Glynn-Williams				(Resigned	28 April 2021)
					Mr P A Hermitage
					Mr A T Ironside
					Professor D R Lloyd
					Prof K C Mander
					Air Marshall C M Nickols
					Mr T Pratt				(Deceased	on 10June 2021)
					Mrs H Riva
					Mr H J E Summerfield
					Mrs C Swire
					Mr TWalder
					Professor A Borthwick				(Appointed	23 July 2020)
Auditor					Burgess Hodgson	LLP
					Chartered accountants			8 statutory	auditor
					Camburgh House
					27 New Dover Road
					Canterbury
					Kent
					CT1 3DN
Bankers					National Westminster		Bank pic
					11 The Parade
					Canterbury
					Kent
					CT1 2SQ

Per	iod from	1 Janu	ary 2020 to	31 March	2021
						Year to
			Period from	1 Jan 20to	31 Mar 21	31 Dec 19
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note		F	E	E
Income and endowments
Donations and legacies Charitable activities		5 6	147,699 203,603	1,500	147,699 205,103	98,703 339,843
Fundraising income Investment income		7 8	84,491 156		84,491 156	193,395 470
Total income			435,949	1,500	437,449	632,411
Expenditure
Expenditure on raising funds: Costs ofother trading activities Expenditure on charitable activities Other expenditure		9 10,11 12	780 452,164 4,915	2,000	780 454,164 4,915	5,597 715,804 7,783
Total expenditure			457,859	2,000	459,859	729,184
Net (gains)/losses on investments		14	(12,350)		(12,350)	(47,104)
Net expenditure and net funds	movement	in	(9,560)	(500)	(10,060)	(49,669)
Reconciliation offunds
Total funds brought forward			570,198	2,930	573,128	622,797
Total funds carried forward			560,638	2,430	563,068	573,128

			3'i March 202	1
					31 Mar 21	31 Dec 19
				Note	f	E
Fixed assets
Tangible fixed assets				20		2,762
Investments				21	364,177	351,827
					364,177	354,589
Current assets
Debtors				22	14,311	55,442
Cash at bank and	in	hand			209,346	188,095
					223,657	243,537
Creditors: amounts		falling	due within one year	23	24,766	24,998
Net current assets					198,891	218,539
Total assets less	current		liabilities		563,068	573,128
Net assets					563,068	573,128
Funds ofthe charity Restricted funds					2,430	2,930
Unrestricted funds					560,638	570,198
Total charity funds				27	563,068	573,128

Period fromm Jan	uary 2020 to 31 N	larch 2021
		31 Mar 21	31 Dec 19
		E	E
Cash flows from operating activities Net expenditure		(10,060)	(49,669)
Adjustments for: Depreciation of tangible fixed assets Government grant income Net (gains)/losses on investments Other interest receivable and similar income Accrued income		2,762 (44,959) (12,350) (156) (963)	826 (47,104) (470) (17,507)
Changes in: Trade and other debtors Trade and other creditors		41,131 731	21,953 (11,273)
Cash generated from operations		(23,864)	(103,244)
Interest received		156	470
Net cash used in operating activities		(23,708)	(102,774)
Cash flows from financing activities Government grant income		44,959
Net cash from financing activities		44,959
Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning	equivalents of period	21,251 188,095	(102,774) 290,869
Cash and cash equivalents at end of period		209,346	188,095

value, ove	r the useful economi	c life ofthat asset as foll	c life ofthat asset as foll	ows:
Leasehold	improvement	Over the remaining		term	ofthe lease
Fixtures and fittings		25% straight	line
Marketing	& promotional	33.33%and	20%	straight	line
equipment
Computer	Equipment	25% straight	line

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2019
		E	E	E	E
Donations
Donations		94,791	94,791	93,173	93,173
Gift Aid		7,949	7,949	5,530	5,530
Grants
Government	grant income	44,959	44,959
		147,699	147,699	98,703	98,703

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				F	E
Boxoffice/other		events		68,003		68,003
Nightly Grants	programme		sales	135,600	1,500	137,100
				203,603	1,500	205,103
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2019
				E	E	F
Boxoffice/other events Nightly programme sales Grants				313,742 3,460 22,141	500	313,742 3,460 22,641
				339,343	500	339,843

Fundraising income
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2019
	E	E	E	F
Fundraising Sponsorship Subscriptions Advertising Rental 8 other income	2,449 56,740 10,367 6,205 8,730	2,449 56,740 10,367 6,205 8,730	3,287 151,000 14,533 13,355 11,220	3,287 151,000 14,533 13,355 11,220
	84,491	84,491	193,395	193,395

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2019
				E	E		F
	Bank	interest receivable		156	156	470	470
9.	Costs	ofother trading	activities

Costs ofot	her trading activi	ties
		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds		2021	Funds		2019
				E	E		E
Fundraising	costs	780		780	5,597		5,597

Expenditur	e on charitable activities	by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		F	F	F
Promotion	of the arts	442,976	2,000	444,976
Support costs		9,188		9,188
		452,164	2,000	454,164
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
		F	F	F
Promotion	of the arts	705,618		705,618
Support costs		10,186		10,186
		715,804		715,804

Expenditure		on charitable activi	ties by activity type
			Activities
			undertaken	Support	Total funds	Total fund
			directly	costs	2021	2019
			F	F	F	F
Promotion Governance	of the arts costs		444,976	9,188	444,976 9,188	705,618 10,186
			444,976	9,188	454,164	715,804
Other expenditure
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2019
			F	F	F	F
Unrecoverable		VAT	2,543	2,543	5,882	5,882
Bank and finance charges			2,372	2,372	1,901	1,901
			4,915	4,915	7,783	7,783

Net (gains)/lo	ss	es on i	nvestments
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2019
				E			E
Gains/(losses)		on investments		12350	12350	47 104	47 104
Net expenditure
Net expenditure		is stated	after charging/(crediting):			31 Mar 21	31 Dec 19
						F	E
Depreciation	of	tangible	fixed assets			2,762	826

									Period from
									1 Jan 20 to	Year to
									31 Mar 21	31 Dec 19
									E
	Fees	payable	for	the	audit	of the	financial	statements	5,600	5,000
17.	Staff	costs

The total	d employee	benefits for the repo	rting period are analysed as f	ollows:
			Period from
			1 Jan 20to	Year to
			31 Mar 21	31 Dec 19
			E	E
Wages and salaries Social security costs Employer contributions	to pension	plans	278,272 24,199 12,823	236,763 20,728 10,572
			315,294	268,063

Tangible fixed assets
			Marketing	8
	Leasehold	Fixtures and	promotional		Computer
	improvements	fittings	equipment		equipment	Total
	E	E	E			E
Cost
At 1 January 2020 and 31 March 2021	45,284	2,116	6,500		20,399	74,299
Depreciation At 1 January 2020 Charge for the period	43,735 1,549	2,116	6,500		19,186 1,213	71,537 2,762
At 31 March 2021	45,284	2,116	6,500		20,399	74,299
Carrying amount
At 31 March 2021
At 31 December 2019	1,549				1,213	2,762

Investments
		Listed
		investments
		E
Cost or valuation
At 1 January	2020	351,827
Additions
Fair value movements		12,350
At 31 March	2021	364,177
Impairment
At 1 January	2020 and 31 INarch 2021
Carrying amount At 31 March 2021		364,177
At 31 December 2019		351,827

Debtors
		31 Mar 21	31 Dec 19
		F	E
Trade debtors			6,567
Prepayments Other debtors	and accrued income	660 13,651	3,272 45,603
		14,311	55,442

			31 Mar 21	31 Dec 19
			F	E
Trade creditors			1,456	1,991
Accruals and deferred		income	13,757	12,003
Social security Other creditors	and other taxes		5,770 3,783	6,197 4,807
			24,766	24,998

Deferred	income
			31 Mar 21	31 Dec 19
			E	E
At 1 Jan	20		5,333
Amount Amount	released deferred	to income in period	(5,333) 8,050	5,333
At 31 Mar 21			8,050	5,333

Unrestricted	fund	s
			At				Gains and	At
		1	Jan 2020	income	Expenditure	Transfers	losses	31 Mar 2021
			E	E	E	E	E	E
General funds			568,736	432,949	(457,859)	1,462	12,350	557,638
Designated	funds
- Orange Street maintenance fund			1,462			(1,462)
Designated —Grants	funds			3,000				3,000
			570,198	435,949	(457,859)		12,350	560,638
		At 1 Jan 2019		Income	Expenditure	Transfers	Gains and losses	At 31 Dec 2019
General funds			E 618,905	F 631,911	F (729,184)	F	47,104	F 568,736
Designated	funds
- Orange Street maintenance fund			1,462					1,462
Designated	funds
- Grants
			620,367	631,911	(729,184)		47,104	570,198

Restricted	funds
				At				Gains and	At
		1	Jan	2020	Income	Expenditure	Transfers	losses	31 Mar 2021
				E	E	E	E	E	E
Restricted	funds			2,930	1,500	(2,000)			2,430
				At				Gains and	At
		1	Jan	2019	Income	Expenditure	Transfers	losses	31 Dec 2019
Restricted	funds			E 2,430	E 500	E	E		E 2,930

28.	Analysis	of net as	se	ts between funds
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
						E	E
	Tangible fixed assets Investments Current assets Creditors less than 1			year	364,177 221,227 (24,766)	2,430	364,177 223,657 (24,766)
	Net assets				560,638	2,430	563,068
					Unrestncted	Restricted	Total Funds
					Funds	Funds	2019
					E	E	E
	Tangible fixed assets Investments Current assets Creditors less than 1			year	2,762 351,827 240,607 (24,998)	2,930	2,762 351,827 243,537 (24,998)
	Net assets				570,198	2,930	573,128
29.	Analysis	ofchanges		in net debt
					At		At
					1 Jan 2020	Cash flows	31 Nlar 2021
					E	E	E
	Cash at	bank and	in	hand	188,095	21,251	209,346

	Detailed Statement Period from 1 January	of Financial Activities 2020 to 31 March 2021
		Period from
		1 Jan 20to	Year to
		31 Mar 21	31 Dec 19
		f:
Income and	endowments
Donations and legacies Donations		94,791	93,173
Gift Aid		7,949	5,530
Government	grant income	44,959
		147,699	98,703
Charitable activities
Boxoffice/other events		68,003	313,742
Nightly programme sales Grants		137,100	3,460 22,641
		205,103	339,843
Fundraising income Fundraising Sponsorship Subscriptions Advertising Rental 8 other income		2,449 56,740 10,367 6,205 8,730	3,287 151,000 14,533 13,355 11,220
		84,491	193,395
Investment	income
Bank interest	receivable	156	470
Total income		437,449	632,411

	Peri	od from 1 January 2020	to 31 March 2021
			Period from
			1 Jan 20 to	Year to
			31 Mar 21	31 Dec 19
			E	E
Expenditure
Costs ofother trading Fundraising costs	activities		780	5,597
Expenditure on charitable Artist, venue, technical and Nightly programme costs Education costs		activities box office costs	76,085 7,213	321,047 4,447 17,894
Wages and salaries Employers' NIC Pension costs			278,272 24,199 12,823	236,763 20,728 10,572
Rates and water			5,320	6,728
Insurance			3,598	4,950
Office Costs			6,426	9,360
Marketing costs Other staff 8 misc costs			14,085 2,762	14,072 826
Artist, venue, technical and Nightly programme costs		box office costs	20,946 2,435	59,910 8,507
			454,164	715,804
Other expenditure Unrecoverable VAT			2,543	5,882
Bank and finance charges			2,372	1,901
			4,915	7,783
Total expenditure			459,859	729,184
Net (gains)/losses on investments Gains/(losses) on investments			(12,350)	(47,104)
Net expenditure			(10,060)	(49,669)

Peri	od fr	om 1 January 2020	to 31 March 2021	to 31 March 2021
			Period from
			1	Jan 20 to	Year to
			31 Mar 21		31 Dec 19
				F	F
Costs ofother trading activities
Fundraising costs Fundraising costs				780	5,597
Costs ofother trading activities				780	5,597
Expenditure on charitable	activities
Promotion ofthe arts
Activities undertaken directly Artist, venue, technical and box office costs Nightly programme costs Education costs Wages and salaries Employers' NIC Pension costs				76,085 7,213 278,272 24,199 12,823	321,047 4,447 17,894 236,763 20,728 10,572
Rates and water				5,320	6,728
Insurance				3,598	4,950
Office Costs Marketing costs Other staff 8 misc costs				14,085 20,946 2,435	14,072 59,910 8,507
				444,976	705,618
Governance costs
Governance costs - accountancy Governance costs - audit fees		fees		826 5,600	4,360 5,000
Governance costs —depreciation				2,762	826
				9,188	10,186
Expenditure on charitable	activities			454,164	715,804