| 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 | 16 |
| Year ended 33 | M | ar | ch 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||
| Mr H D H G Barton | ||||||||
| Professor A Borthwick | ||||||||
| Mr C Carmichael | ||||||||
| Mr P A Hermitage | ||||||||
| Mr A T Ironside | ||||||||
| Professor D R Lloyd |
||||||||
| Prof K C Mander | ||||||||
| Dr K E Neales | ||||||||
| Air Marshall C M Nickols |
||||||||
| Mrs H Riva | ||||||||
| Mr H J E Summerfield | ||||||||
| Mrs C Swire | ||||||||
| Mr T Walder | ||||||||
| Auditor | Burgess Hodgson | LLP | ||||||
| Chartered accountants |
8 statutory | auditor | ||||||
| Camburgh House |
||||||||
| 27 New Dover Road | ||||||||
| Canterbury | ||||||||
| Kent | ||||||||
| CT1 3DN | ||||||||
| Bankers | National Westminster |
Bank pic | ||||||
| 11The Parade | ||||||||
| Canterbury | ||||||||
| Kent | ||||||||
| CT1 2SQ |
| Ye | ar end | ed 31 March | 2023 | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Restricted | |||||
| Note | funds E |
funds | Total funds f |
Total funds | ||
| Income and endowments | ||||||
| Donations and legacies Charitable activities |
5 6 |
82,975 375,701 |
82,975 375,701 |
101,268 207,396 |
||
| Fundraising income Investment income |
7 8 |
162,988 1,021 |
162,988 1,021 |
131,524 23 |
||
| Total income | 622,685 | 622,685 | 440,211 | |||
| Expenditure | ||||||
| Expenditure ori raising funds: Costs ofother trading activities Expenditure on charitable activities Other expenditure |
9 10,11 12 |
6,603 619,716 6,360 |
6,603 619,716 6,360 |
6,384 471,666 7,363 |
||
| Total expenditure | 632,679 | 632,679 | 485,413 | |||
| Net (gains)/losses on investments |
14 | 17,779 | 17,779 | (14,047) | ||
| Net expenditure and net funds |
movement | in | (27,773) | (27,773) | (31,155) | |
| Reconciliation offunds |
||||||
| Total funds brought forward |
529,483 | 2,430 | 531,913 | 563,068 | ||
| Transfer between funds |
2,430 | (2,430) | ||||
| Total funds carried forward | 504,140 | 504,140 | 531,913 |
| 31 March 202 | 3 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | E | |||||
| Fixed assets | ||||||
| Investments | 20 | 360,445 | 378,224 | |||
| Current assets | ||||||
| Debtors Cash at bank and |
in | hand | 21 | 4,998 203,237 |
14,636 190,334 |
|
| 208,235 | 204,970 | |||||
| Creditors: amounts | falling | due within one year | 22 | 64,540 | 51,281 | |
| Net current assets | 143,695 | 153,689 | ||||
| Total assets less | current | liabilities | 504,140 | 531,913 | ||
| Net assets | 504,140 | 531,913 | ||||
| Funds ofthe charity | ||||||
| Restricted funds Unrestricted funds |
504,140 | 2,430 529,483 |
||||
| Total charity funds | 25 | 504,140 | 531,913 |
| Year en | ded 31 March 2023 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | ||||
| Cash flows from operating Net expenditure |
activities | (27,773) | (31,155) | |
| Adjustments for: Net (gains)/losses on investments Other interest receivable and similar income Accrued expenses |
17,779 (1,021) 4,810 |
(14,047) (23) 12,576 |
||
| Changes in: Trade and other debtors |
9,638 | (325) | ||
| Trade and other creditors | 8,449 | 11,222 | ||
| Cash generated from operations |
11,882 | (21,?52) | ||
| Interest received | 1,021 | 23 | ||
| Net cash from/(used in) operating activities |
12,903 | (21,729) | ||
| Net increase/(decrease) in Cash and cash equivalents |
cash and cash at beginning |
equivalents ofyear |
12,903 190,334 |
(21,729) 209,346 |
| Cash and cash equivalents | at end ofyear | 203,237 | 187,617 |
| Leasehold improvement Fixtures and fittings |
Leasehold improvement Fixtures and fittings |
Over the remaining 25% straight line |
Over the remaining 25% straight line |
term | ofthe lease |
|---|---|---|---|---|---|
| Marketing equipment |
8 promotional | 33.33%and | 20% | straight | line |
| Computer | Equipment | 25% straight | line |
| Donations | and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| F | F | E | |||
| Donations | |||||
| Donations | 76,726 | 76,726 | 91,027 | 91,027 | |
| Gift Aid | 6,249 | 6,249 | 10,241 | 10,241 | |
| 82,975 | 82,975 | 101,268 | 101,268 | ||
| Charitable | activities |
| Charitable acti |
vities | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| Boxoffice/other | events | 349,110 | 349,110 | 174,182 | 174,182 |
| Grants | 26,591 | 26,591 | 33,214 | 33,214 | |
| 375,701 | 375,701 | 207,396 | 207,396 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| Fundraising Sponsorship Subscriptions Advertising Rental 8 other income |
22,468 119,450 9,200 6,870 5,000 |
22,468 119,450 9,200 6,870 5,000 |
14,076 91,850 9,833 10,765 5,000 |
14,076 91,850 9,833 10,765 5,000 |
| 162,988 | 162,988 | 131,524 | 131,524 |
| Rental 8 | other income | other income | , 5,000 162,988 |
, 5,000 162,988 |
, 5,000 131,524 |
, 5,000 131,524 |
|||
|---|---|---|---|---|---|---|---|---|---|
| 8. | Investment | income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| E | F | ||||||||
| Bank interest | receivable | 1,021 | 1,021 | 23 | 23 | ||||
| 9. | Costs ofother trading | activities | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 f |
Funds | 2022 E |
||||||
| Fundraising | costs | 6,603 | 6,603 | 6,384 | 6,384 | ||||
| 10. | Expenditure | on charitable | activities | by fund type | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| E | |||||||||
| Promotion of Support costs |
the arts | 612,470 7,246 |
612,470 7,246 |
463,213 8,453 |
463,213 8,453 |
||||
| 619,716 | 619,716 | 471,666 | 471,666 |
| Expenditur | e on charitable act |
ivities by activity type |
|||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2023 | 2022 | ||
| Promotion Governance |
ofthe arts costs |
612,470 | 7,246 | 612,470 7,246 |
463,213 8,453 |
| 612,470 | 7,246 | 619,716 | 471,666 |
| Other expendit | ure | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| E | |||||
| Unrecoverable | VAT | 3,667 | 3,667 | 5,620 | 5,620 |
| Bank and finance charges | 2,693 | 2,693 | 1,743 | 1,743 | |
| 6,360 | 6,360 | 7,363 | 7,363 |
| 14. | Net gains | /loss | es on investments |
||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| F | E | ||||||
| Gains/(losses) | on investments | (17,779) | (17,779) | 14,047 | 14,047 | ||
| 15. | Auditors | remuneration | |||||
| 2023 | 2022 | ||||||
| Feespay | able | for the audit ofthe financial statements | 5,600 | 5,600 |
| The total staff costs an | d employee | benefits for the reporti | ng period are analysed as fo |
llows: |
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | ||||
| Wages and salaries Social security costs Employer contributions |
to pension | plans | 236,265 20,287 10,590 |
214,500 17,734 11,768 |
| 267,142 | 244,002 |
| llowing ba |
nds, were | : |
|---|---|---|
| 2023 | 2022 | |
| No. | No. | |
| 1 | 1 |
| complete Tangible |
insurance polic fixed assets |
y to cover neglect | ofdefaults of i |
ts Trustees | an | d Officers. | |
|---|---|---|---|---|---|---|---|
| Marketing | 8 | ||||||
| Leasehold | Fixtures and | promotional | Computer | ||||
| improvements | fittings | equipment | equipment | Total | |||
| E | |||||||
| Cost | |||||||
| At 1 April | 2022 and | ||||||
| 31 March | 2023 | 45,284 | 2,116 | 6,500 | 20,399 | 74,299 | |
| Depreciation | |||||||
| At 1 April | 2022 and | ||||||
| 31 March | 2023 | 45,284 | 2,116 | 6,500 | 20,399 | 74,299 | |
| Carrying | amount | ||||||
| At 31 March 2023 | |||||||
| At 31 March 2022 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation | |
| At 1 April 2022 | 378,224 |
| Additions | |
| Fair value movements | (17,779) |
| At 31 March 2023 | 360,445 |
| Impairment | |
| At 1 April 2022 and 31 March 2023 | |
| Carrying amount At 31 March 2023 |
360,445 |
| At 31 March 2022 | 378,224 |
| Debtors | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| F | ||||
| Trade debtors Prepayments Other debtors |
and accrued income | 269 4,729 |
2,254 3,438 8,944 |
|
| 4,998 | 14,636 | |||
| Creditors: amounts | falling due within one year | |||
| 2023 | 2022 | |||
| f | ||||
| Trade creditors | 2,743 | 7,183 | ||
| Accruals and deferred income Social security and other taxes Other creditors |
41,544 5,931 14,322 |
22,840 5,873 15,385 |
||
| 64,540 | 51,281 |
| 2023 | 2022 | ||
|---|---|---|---|
| At 1 April 2022 Amount released Amount deferred |
to income in year |
4,557 (4,557) 18,451 |
F 8,050 (8,050) 4,557 |
| At 31 March 2023 | 18,451 | 4,557 |
| At | |||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | 31 Mar 202 | |||||
| 1 Apr 2022 | income | Expenditure | Transfers | losses | 3 | ||
| General funds Designated funds |
526,483 | E 622,685 |
F (632,679) |
2,430 | (17,779) | E 501,140 |
|
| - Grants | 3,000 | 3,000 | |||||
| 529,483 | 622,685 | (632,679) | 2,430 | (17,779) | 504,140 | ||
| At | |||||||
| At | Gains and | 31 Mar 202 | |||||
| 1 Apr 2021 | Income | Expenditure | Transfers | losses | 2 | ||
| General funds Designated funds |
E 557,638 |
440,211 | E (485,413) |
E | 14,047 | E 526,483 |
|
| - Grants | 3,000 | 3,000 | |||||
| 560,638 | 440,211 | (485,413) | 14,047 | 529,483 |
| Restricted | funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||||
| 1 | Apr | 2022 E |
Income E |
Expenditure | Transfers | losses | 31 Mar 2023 E |
||
| Restricted | funds | 2,430 | (2,430) | ||||||
| At | Gains and | At | |||||||
| 1 | Apr | 2021 | Income | Expenditure | Transfers | losses | 31 Mar 2022 | ||
| f. | E | ||||||||
| Restricted | funds | 2,430 | 2,430 |
| 26. | Analysis | of net as | se | ts between funds | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| f. | |||||||
| Investments | 360,445 | 360,445 | |||||
| Current assets | 208,235 | 208,235 | |||||
| Creditors | less than | 1 | year | (64,540) | (64,540) | ||
| Net assets | 504,140 | 504,140 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| E | E | ||||||
| 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 | ||||
| 27. | Analysis | ofchanges | in net debt | ||||
| At | |||||||
| At 1 Apr 2022 | Cash flows | 31 Mar 2023 | |||||
| E | f. | ||||||
| Cash at | bank and | in | hand | 190,334 | 12,903 | 203,237 |