2021-03-31-accounts

Gate Theatre Company	Limited(the)
Contents
Reference and Administrative Details
Strategic Report
Chief Executives' Report		3to 5
Trustees' Report		6to 9
Independent Examiner's	Report	10
Statement of Financial Activities
Balance Sheet		12
Notes to the Financial Statements		13to 27

Reference	and Administrative	and Administrative	and Administrative	Details
Chairman				Joseph Smith
Trustees				Charles Prideaux
				Sian Alexander
				David Lakhdhir
				Nicola Cornwell
				Nicole Newman
				Joseph Smith
				Jan Baister
				Peter Brathwaite
				Sarah Frankcom
				Rahul Sinha
				Diane Morgan
				Rita Laven
Secretary				Mohammad Shawab		Iqbal
Senior Management		I		Ellen McDougall,	Artistic Director
Leadership	Team			Lise Bell, Executive		Director
				Moharnmad Shawab		Iqbal,	Exceutive	Director
Charity Registration		Number		280278
Company	Registration		Number	01495543
				The charity is incorporated			in England	&Wales.
Registered	Office			11 Pembridge Road
				Above Prince Albert		Pub
				London
				W11 3HQ
Auditor				Lucraft Hodgson	&Dawes		LLP
				2/4 Ash Lane
				Rustington
				Littlehampton
				West Sussex
				BN16 3BZ

(Including Income and Ex Losses)	penditure	Account and S	tatement ofTotal	Recognised Ga	ins and
	Note	Unrestricted 6	Restricted K	Total 2021	Total 2020 E
Income and Endowments	from:
Donations and legacies	3	533,082	36,050	569,132	483,497
Charitable activities	4	37,889		37,889	135,586
Other trading activities	5	500		500	15,022
Investment income	6	29		29
Total Income		571,500	36,050	607,550	634,105
Expenditure on:
Raising funds		(77,896)		(77,896)	(69,612)
Charitable activities		(451,462)	(47,538)	(498,998)	(700,866)
Total Expenditure		(529,358)	(47,536)	(576,894)	(770,478)
Net income/(expenditure)		42,142	(11,486)	30,656	(136,373)
Net movement in funds		42,142	(11,486)	30,656	(136,373)
Reconciliation offunds
Total funds brought forward		240,457	23,200	283,657	400,032
Total funds carried forward	21	282,599	11,714	294,313	263,659

Balance Shee	t as	at	31 March 2021
				Note	2021 6	2020 F
Fixed assets
Tangible assets				16	12,569	22,325
Current assets
Debtors				17	104,746	131,918
Cash at bank	and	in hand		18	213,395	170,786
					318,141	302,704
Creditors: Amounts			falling due within one year	19	(36,397)	(61,370)
Net current assets					281,744	241,334
Net assets					294,313	263,659
Funds ofthe	charity:
Restricted					11,714	23,200
Unrestricted	income		funds
Designated Funds					47,691	52,466
General Funds					234,908	187,993
Total unrestricted		funds			282,599	240,459
Total funds				21	294,313	263,659

3 Income from donations	and legacies	and legacies
	Unrestricted
	Designated 8	General 6	Restricted	Total 2021 E	Total 2020
Donations and legacies;
Donations from individuals	30,000	54,239		84,239	30,682
GIR aid reclaimed		19,658		19,658	11,784
Grants, including capital
grants;
Government grants		398,263		398,263	306,330
Grants from other charities			36,050	36,050	96,100
Regular giving and capital donations		30,922		30,922	38,601
	30,000	503,082	36,050	569,132	483,497

4	Income	from charitable activities
			Unrestricted
			General 8	Total 2021 K	Total 2020 8
	Theatre	production	37,889	37,889	135,586
			37,889	3788$	135586
5	Income	from other trading activities

5 Income	from other trading activities
		Unrestricted
		General E	Total 2021 8		Total 2020f
Fundraising	events income;
Other events income		500		500	15,022
		500		500	15022

6	Investment	income	income	income
					Unrestricted
					General	Total 2021
						6
Interest receivable			and similar income;
	Interest receivable			on bank deposits	29		29
					29		29

a) Costs	ofgener	ating donat	ions and le	gacies
					Unrestricted
				Note	General 5		Total 2020
Regular	giving				168		7,178
Marketing	and publicity						214
Other direct costs income		of generating	voluntary		12	12	540
Allocated	support	costs			16,238	16,238	14,654
Staff costs					61,480	61,480	47,026
					77896	77,896	69,612
					Direct costs 5	Allocated support costs 5	Total costs 5
Costs of	generating	donations	and legacies		178	16,238	16,416
Total for 2021					178	16,238	16,416
Total for 2020					7,932	14,654	22,586

				Unrestricted
			Note	General 6	Restricted 5	Total 2021 6	Total 2020f
Theatre	production			52,786	47,536	100,322	346,976
Staff costs				282,224		282,224	241,251
Allocated costs	support			74,501		74,501	67,237
Governance		costs		41,951		41,951	43,402
				451,462	47,536	498998	700,866

	Activity undertaken directly 6	Activity support costs 6	Total 2021 6	Total 2020 6
Theatre production	100,322	74,501	174,823	174,623
Staff costs	282,224		282,224	241,251
	382546	74,501	457 047	416,074

Governance	costs
			Unrestricted
			General F	Total 2021 E	Total 2020 E
Staff costs
Wages and	salaries		17,058	17,058	12,835
Social security costs			684	684	764
Pension costs			201	201	231
Other staff	costs		5,356	5,356	5,431
Audit fees
Audit ofthe	financial statements				5,480
Independent	examiner fees
Examination	ofthe financial statements		3,000	3,000
Other fees	paid to examiners		500	500
Legal fees			150	150	39
Depreciation,	amortisation	and other similar costs	9,755	9,755	14,312
Other governance costs			5,247	5,247	4,310
			41,951	41,951	43,402

		2021	2020
		E	E
Audit fees			5,480
Depreciation	offixed assets	9,755	14,312

12Staffcosts
The aggregate	payroll costs were as follows:
		2021f	2020 5
Staff costs during the year were:
Wages and salaries		341,153	279,872
Social security	costs	16,469	17,283
Pension costs		4,025	4,952
Other staff costs		5,356	5,431
		367,003	307,538

charity duri	ng the yea	r expressed as full time equiv	alents was as follows:
			2021		2020
			No		No
Administration				15
Production	(including	cast)		8
				23		17

13Independ	ent exa	miner'	s remuneration
				2021
				5
Examination	ofthe financial		statements	3,000
Other fees to examiners
Taxation compliance		services		500
14Auditors'	remuneration
				2020
				8
Audit ofthe financial		statements		5,480
15Taxation
The charity is a registered			charity and is therefore exempt from taxation.

16Tangible fixed assets
	Land and buildings f	Furniture and equipment	Computer equipment	Total
Cost
At 1 April 2020	221,584	155,061	88,264	464,909
At 31 March 2021	221,584	155,061	88,264	464,909
Depreciation
At 1 April 2020	221,584	143,846	77,154	442,584
Charge for the year		5,312	4,444	9,756
At 31 March 2021	221,584	149,158	81,598	452,340
Net book value
At 31 March 2021		5,903	6,666	12,569
At 31 March 2020		11,215	11,110	22,325

17Debtors
	2021	2020
	E	6
Trade debtors	1,160	1,250
Prepayments	28,170	12,832
Accrued income	19,500	22,500
Other debtors	55,916	95,336
	104,746	131,918

					2021	2020
						5
Cash on hand					1,441	2,437
Cash at bank					200,240	139,149
Short-term deposits					11,714	29,200
					213,395	170,786
Bank overdrafts						(25,000)
Cash and cash equivalents			in statement	ofcash flows	213,395	145,786
19Creditors:	amounts	falling due within		one year
					2021	2020
					8	8
Bank overdrafts						25,000
Trade creditors					17,542	11,035
Other taxation	and social	security			4,364	2,946
Other creditors					5,370	4,495
Accruals					9,121	17,894
					36397	61,370

21 Funds
			Incoming resources 6	Resources expended E	T f & ransfers	Balance at 31 March 2021 0
Unrestricted
General
General unrestricted		funds	541,501	(529,358)	34,774	46,917
Designated
Artistic spend (gala fundraising)					(24,774)	(24,774)
Support spend					(10,000)	(10,000)
Rebuilding Better project			30,000			30,000
Total Unrestricted			571,501	(529,358)		42,143
Restricted
Production costs			25,000	(29,000)		(4,000)
Apprenticeships			11,050	(9,000)		2,050
OpenGate				(8,192)	585	(7,607)
Other restricted	funds			(1,344)	(585)	(1,929)
Total restricted			36,050	(47,536)		(11,486)
Total funds			607,551	(576,894)		30,657

			Incoming	Resources	Balance at 31
			resources	expended	March 2020
				6
Unrestricted
General
General unrestricted		funds	530,255	(594,391)	(64,136)
Designated
Artistic spend	(gala	fundraising)		(25,000)	(25,000)
Sound proofing				(8,352)	(6,352)
Support spend				(10,000)	(10,000)
Website project				(7,800)	(7,800)
Total unrestricted			530,255	(643,543)	(113,288)
Restricted
Production costs			60,850	(56,850)	4,000
Associate director				(25,000)	(25,000)
Apprenticeships				(18,000)	(18,000)
OpenGate			43,000	(27,085)	15,915
Total restricted			103,850	(126,935)	(23,085)
Total funds			634,105	(770,478)	(136,373)

		Unrestricted	Unrestricted
		General	Designated	Restricted	Total funds
			6	F	6
Tangible	fixed assets	12,569			12,569
Current	assets	258,736	47,691	11,714	318,141
Current	liabilities	(36,397)			(36,397)
Total net assets		234,908	47,691	11,714	294,313
		Unrestricted
		General f	Designated E	Restricted 6	Total funds 6
Tangible	fixed assets	22,326	(t)		22,325
Current	assets	202,038	77,466	23,200	302,704
Current	liabilities	(35,370)	(25,000)		(61,370)
Total net assets		187,994	52,465	23,200	263,659

23 Analysis of n	et funds
		At 1 April	Financing	At 31 March
		2020	cash flows	2021
		K	8	6
Cash at bank and	in hand		42,609	42,609
Bank overdraR			25,000	25,000
Net debt			sr,sog	sr,sos
		At 1 April	Financing	At 31 March
		2019	cash flows	2020
			6	6
Cash at bank and	in hand		(171,187)	(171,187)
Bank overdraR			(25,000)	(25,000)
Net debt			(196,187)	(196,187)