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|---|---|---|---|---|---|---|---|
|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||||||
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|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||||
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||||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|
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||||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|
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||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|
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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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||||||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|
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|||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|
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|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|
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|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|
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|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|
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|
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|
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|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|
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|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|
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|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||||||||
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|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|
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|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|
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|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|
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|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|
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|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||
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||||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|
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|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||||||||||
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|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|
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