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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|
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|||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||||||
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|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|
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||||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|
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|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|
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|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|||
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|||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|
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|||||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|
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|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|
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|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|
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||||||||||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|staff costs an|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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##
|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|
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||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|
##
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|||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)|
##
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##
|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|