## ## ## ## |||||||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| ## ## ## ## ##