2022-03-31-accounts

							Page
Trustees' annual report (incorporating				the	director's	report)
Independent	auditor's	report to	the members
Statement	offinancial	activities	(including		income and
expenditure	account)						13
Statement	offinancial	position					14
Statement	ofcash flows						15
Notes to the financial		statements

Reference	and administrative	and administrative	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			(Died 10June 2021)
				Mrs H Riva
				Mr H J E Summerfield
				Mrs C Swire
				Mr TWalder
				Professor A Borthwick
Auditor				Burgess Hodgson	I LP
				Chartered accountants		&statutory	auditor
				Camburgh House
				27 New Dover Road
				Canterbury
				Kent
				CT1 3DN
Bankers				National Westminster		Bank pic
				11The Parade
				Canterbury
				Kent
				CT1 2SQ

			Y	ear end	ed 31 March	2022
								Period from
								1 Jan 20to
					Year	to 31 Mar	22	31 Mar 21
					Unrestricted	Restricted
					funds	funds	Totalfunds	Total funds
				Note		6	F
Income and endowments
Donations	and legacies				101,268		101,268	147,699
Charitable	activities				207,396		207,396	205,103
Fundraising	income				131,524		131,524	84,491
Investment	income				23		23	156
Total income					440,211		440,211	437,449
Expenditure
Expenditure	on raising funds:
Costs	ofother	trading	activities	9	6,384		6,384	780
Expenditure	on charitable		activities	10,11	471,666		471,666	454,164
Other expenditure				12	7,363		7,363	4,915
Total expenditure					485,413		485,413	459,859
Net gains/losses on		investments		14	(14,047)		(14,047)	(12,350)
Net expenditure and net			movement	in
funds					(31,155)		(31,155)	(10,060)
Reconciliation offunds
Total funds	brought	forward			560,638	2,430	563,068	573,128
Total funds	carried	forward			529,483	2,430	531,913	563,068

			31 March 202	2
				Note	2022 f	2021 f
Fixed assets
Investments				21	378,224	364,177
Current assets
Debtors				22	14,636	14,311
Cash at bank and	in	hand			190,334	209,346
					204,970	223,657
Creditors: amounts		falling	due within one year	23	51,281	24,766
Net current assets					153,689	198,891
Total assets less	current		liabilities		531,913	563,068
Net assets					531,913	563,068
Funds ofthe charity
Restricted funds					2,430	2,430
Unrestricted funds					529,483	560,638
Total charity funds				27	531,913	563,068

	Year en	ded 31 March 202	2
				Period from
				1 Jan 20 to
			2022	31 Mar 21
			F
Cash flows from operating	activities
Net expenditure			(31,155)	(10,060)
Adjustments for:
Depreciation oftangible fixed assets				2,762
Government grant income				(44,959)
Net gains/losses on investments			(14,047)	(12,350)
Other interest receivable and similar income			(23)	(156)
Accrued expenses/(income)			12,576	(963)
Changes in:
Trade and other debtors			(325)	41,131
Trade and other creditors			13,939	6,064
Cash generated from operations			(19,035)	(18,531)
Interest received			23	156
Net cash used in operating activities			(19,012)	(18,375)
Cash flows from financing	activities
Government grant income				44,959
Net cash from financing activities				44,959
Net (decrease)/increase in	cash and cash	equivalents	(19,012)	26,584
Cash and cash equivalents	at beginning	ofyear	209,346	188,095
Cash and cash equivalents	at end ofyear		190,334	214,679

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

					Total Funds
					Period from 1
		Unrestricted	Total Funds	Unrestricted	Jan 20 to 31
		Funds	2022	Funds	Mar 21
Donations
Donations		91,027	91,027	94,791	94,791
Gift Aid		10,241	10,241	7,949	7,949
Grants
Government	grant income			44,959	44,959
		101,268	101,268	147,699	147,699

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		f	F
Boxoffice/other	events	174,182		174,182
Grants		33,214		33,214
		207,396		207,396
				Total Funds
				Period from 1
		Unrestricted	Restricted	Jan 20 to 31
		Funds E	Funds f	Mar 21
Boxoffice/other	events	68,003		68,003
Grants		135,600	1,500	137,100
		203,603	1,500	205,103

Fundraising	income
					Total Funds
					Period from 1
		Unrestricted	Total Funds	Unrestricted	Jan 20 to 31
		Funds f	2022	Funds f	Mar 21
Fundraising		14,076	14,076	2,449	2,449
Sponsorship		91,850	91,850	56,740	56,740
Subscriptions		9,833	9,833	10,367	10,367
Advertising		10,765	10,765	6,205	6,205
Rental &other income		5,000	5,000	8,730	8,730
		131,524	131,524	84,491	84,491
Investment	income
					Total Funds
					Period from 1
		Unrestricted	Total Funds	Unrestricted	Jan 20 to 31
		Funds	2022	Funds	Mar 21
Bank interest	receivable	23	23	156	156
Costs ofother trading activities
					Total Funds
					Period from 1
		Unrestricted	Total Funds	Unrestricted	Jan 20 to 31
		Funds	2022 f	Funds F	Mar21
Fundraising	costs	6,384	6,384	780	780

Expenditur	e	on charitable	activities	by fund type
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
Promotion	of	the arts			463,213		463,213
Support costs					8,453		8,453
					471,666		471,666
							Total Funds
							Period from 1
					Unrestricted	Restrtcted	Jan 20 to 31
					Funds f	Funds 5	Mar 21
Promotion	ofthe arts				442,976	2,000	444,976
Support costs					9,188		9,188
					452,164	2,000	454,164
Expenditure on charitable			activities	by activity type
							Total fund
				Activities			Period from 1
				undertaken	Support	Total funds	Jan 20 to 31
				directly 6	costs	2022 E	Mar 21 f
Promotion	ofthe arts			463,213		463,213	444,976
Governance	costs				8,453	8,453	9,188
				463,213	8,453	471,666	454,164
Other expenditure
							Total Funds
							Period from 1
				Unrestricted	Total Funds	Unrestricted	Jan 20 to 31
				Funds	2022	Funds	Mar 21
				E	6		6
Unrecoverable		VAT		5,620	5,620	2,543	2,543
Bank and finance charges				1,743	1,743	2,372	2,372
				7,363	7,363	4,915	4,915

Net gains/los	se	s on in	vestments
							Total Funds
							Period from 1
				Unrestricted	Total Funds	Unrestricted	Jan 20 to 31
				Funds	2022	Funds	Mar21
					6		f
Gains/(losses)		on investments		14,047	14,047	12,350	12,350
Net expenditure
Net expenditure		is stated	after charging/(crediting):
							Period from 1
							Jan 20 to 31
						2022 f	Mar 21
Depreciation	of	tangible	fixed assets				2,762

reimbursement ofexpen Auditors remuneration	ses (2021	:fNil).	,
					Period from
			Year	to	1 Jan 20 to
			31 Mar	22	31 Mar 21
Fees payable for the audit ofthe financial statements			5,600		5,600
Staff costs
The total staff costs and	employee	benefits for the reporting	period are analysed	as	follows:
					Period from
			Year	to	1 Jan 20 to
			31 Mar	22	31 Mar 21
					f
Wages and salaries			214,500		278,272
Social security costs			17,734		24,199
Employer contributions	to pension	plans	11,768		12,823
			244,002		315,294

full-time equivalent employees during the ye	ar is analysed as follows:
		Period from	1
		Jan 20 to	31
	2022	Mar	21
	No.	No.
Administration	6		6
Marketing	1		1
	7		7

The num	ber ofemployees whose remuneration	for the year fell within the following	bands, were	;
			Period from	1
			Jan 20 to	31
		2022	Mar	21
		No.	No.
f60,000	tof69,999	1		1

Tangible	fixed assets
				Marketing	&
		Leasehold	Fixtures and	promotional		Computer
		improvements f.	fittings f	equipment f		equipment f	Total
Cost
At 1 April	2021 and
31 March	2022	45,284	2,116	6,500		20,399	74,299
Depreciation
At 1 April	2021 and
31 March	2022	45,284	2,116	6,500		20,399	74,299
Carrying	amount
At 31 March 2022
At 31 March 2021

Investments
	Listed
	investments
	F
Cost or valuation
At 1 April 2021	364,177
Additions
Fair value movements	14,047
At 31 March 2022	378,224
Impairment
At 1 April 2021 and 31 March 2022
Carrying amount
At 31 March 2022	378,224
At 31 March 2021	364,177

Financial asse Debtors	ts are measured at fair value on the date	ofthe balance sheet.
		2022 f	2021 E
Trade debtors		2,254
Prepayments	and accrued income	3,438	660
Other debtors		8,944	13,651
		14,636	14,311

Creditors: amounts f	alling due within one year
		2022 f	2021
Trade creditors		7,183	1,456
Accruals and deferred	income	22,840	13,757
Social security and other taxes		5,873	5,770
Other creditors		15,385	3,783
		51,281	24,766

Deferred income
		2022	2021 f
At1 Apr21		8,050	5,333
Amount released	to income	(8,050)	(5,333)
Amount deferred	in year	4,557	8,050
At 31 Mar 22		4,557	8,050

The amounts	recog	nised in the financi	al statements for governme	nt grants are as f	ollows:
					Pediod from	1
					Jan 20 to	31
				2022 f	Mar	21
Recognised	in income from donations		and legacies:
Government	grants	income			44,959

			At				Gains and	At
		1 Apr 2021 8		Income	Expenditure	Transfers 8	losses E	31 Mar 2022 f
General funds			557,638	440,211	(485,413)		14,047	526,483
Designated	funds
-Orange Street
maintenance	fund
Designated	funds
-Grants			3,000					3,000
			560,638	440,211	(485,413)		14,047	529,483
			At				Gains and	At
		1	Jan 2020	Income	Expenditure	Transfers F	losses f	31 Mar 2021 f
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	funds
-Grants				3,000				3,000
			570,198	435,949	(457,859)		12,350	560,638

Restricted	funds
				At				Gains and		At
		1	Apr	2021	Income 6	Expenditure 5	Transfers	losses f	31 Mar 2022 5
Restricted	funds			2,430						2,430
				At				Gams and		At
		1	Jan	2020 E	Income 6	Expenditure f	Transfers	losses	31 Mar 2021 f
Restricted	funds			2,930	1,500	(2,000)				2,430
Restricted	funds

28.	Analysis ofnet a	ss	ets between funds
				Unrestricted	Restricted	Total Funds
				Funds	Funds f	2022 f
	Investments			378,224		378,224
	Current assets			202,540	2,430	204,970
	Creditors less than	1	year	(51,281)		(51,281)
	Net assets			529,483	2,430	531,913
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
					5	E
	Tangible fixed assets
	Investments			364,177		364,177
	Current assets			221,227	2,430	223,657
	Creditors less than	1	year	(24,766)		(24,766)
	Net assets			560,638	2,430	563,068
29.	Analysis ofchanges		in net debt
						At
				At 1 Apr 2021	Cash flows	31 Mar 2022
	Cash at bank and	in	hand	209,346	(19,012)	190,334