2022-03-31-accounts

Gate Theatre Company	Limited(the)
Contents
Reference and Administrative Details
Strategic Report
Chief Executive's Report		3to 5
Trustees' Report		6to 10
Independent Examiner's	Report
Statement of Financial Activities		12
Balance Sheet		13
Notes to the Financial Statements		14to27

Reference	and Administrative	and Administrative	and Administrative	Details
Chair				Ms Sharmishta		Chakrabarti
Trustees				Sian Alexander
				David Lakhdhir
				Jan Baister
				Sarah Frankcom
				Rahul Sinha
				Ms Sharmishia		Chakrabarti
				Mr Jason Femandez
				Mr Jonathan Charles Evans
Secretary				Lucy Jane Perman
				Ms Nicola Clemente
Senior Management		I		Nicola Clemenis,		Executive	Director and CEO
Leadership	Team			Stef O'Driscoll,	Interim Artistic Director
Charity Registration		Number		280278
Company	Registration		Number	01495543
				The charity is incorporated			in England	&Wales.
Registered	Office			26 Crowndale	Road
				London
				NW11 1TT
Auditor				Lucraft Hodgson		&Dawes	LLP
				2/4 Ash Lane
				Rustington
				Littlehampton
				West Sussex
				BN16 3BZ

(Including Income Losses)	and Ex	penditure	Account and Stat	ement ofTotal	Recognised Ga	ins and
			Unrestricted E		Total 2022 6	Total 2021 8
Income and Endowments		from:
Donations and legacies		3	843,461	52,500	sas,as1	669,132
Charitable activities		4	5,029		5,029	37,689
Other trading activities		5				600
Investment income		6				29
Total Income			848,533	52,500	901,033	607,550
Expenditure on:
Raising funds			(62,102)		(62,102)	(77,896)
Charitable activities			(507,340)	(3,000)	(510,340)	(498,998)
TotalExpenditure			(589W2)	(3,000)	(572,442)	(576,894)
Net income			279,091	4$,500	328,5$1	30,856
Net movement in funds			279,091	49,500	328/91	30,656
Reconciliation offunds
Total funds brought	forward		282,601	11,714	294,315	263,657
Total funds carried forward		20	561,692	61,214	622,908	294,313

				2022	2021
				6
Fixed assets
Tangible assets			15	3,628	12,569
Current assets
Debtors			16	265,807	104,746
Cash at bank and in hand			17	406,264	213,395
				672,071	318,141
Creditors: Amounts		falling due within one year	18	(52,793)	(36,397)
Net current assets				61a,27s	2s1,744
Net assets				522,908	2$4,313
Funds ofthe charity:
Restricted				61,214	11,714
Unrestricted income		funds
Designated Funds				242,691	47,691
General Funds				31$,001	234,906
Total unrestricted	funds			es1,e$2	2s2,eaa
Total funds			20	622,$06	2$4,313

		Unrestricted
		General	Total 2022	Total 2021
			5	5
Theatre	production	5,029	5,029	37,889
		5028	5029	37889

5 Income	fro	m other trading activities
			Total	Total
			2022	2021
			R	E
Fundraising	events income;
Other evenb		income			500

5 Investment in	co	me
			Unrestricted
			General	2022	Total 2021
				R	K
Interest receivable	and similar income;
Interest receivable		on bank deposits	43			29
						29

				Unmstricted
				General	Total 2022f	Total 2021
Regular	giving					166
Other direct costs income		ofgenerating	voluntary			12
Allocated	support	costs		7,884	7,884	16,238
Staff costs				54,218	54,218	61,480
				62,102	62,102	77,896
				Direct costs 6	Allocated support costs	Total costs
					6
Costs of	generating	donations	and legacies		7,884	7,884
Total for 2022					7,884	7,884
Total for 2021				178	16,238	16,416

				Unrestricted
			Note	General 6	Restricted 6	Total 2022 6	Total 2021
Theatre	production			182,216	3,000	185,216	100,322
Staff costs				250,587		250,587	282,224
Allocated costs	support			36,175		36,175	74,501
Governance		costs	9	38,362		38,362	41,951
				507,340	3000	510,340	4$8,$$8

	Activity undertaken directly	Activity support costs E	Total 2022 R	Total 2021
Theatre production	185,216	36,175	221,3$1	174,823
Staff costs	250,587		2so,say	282,224
	435803	36175	471978	457,047

Governance	costs
				Unrestricted
				General R	Total 2022 R	Total 2021 E
Staffcosts
Wages and	salaries			14,984	14,a84	17,058
Social security costs				740	740		584
Pension costs				222	222		201
Other staff	costs			1,378	1,378	5,355
Independent	examiner fees
Examination	ofthe financial		statements	4,680	4,680	3,000
Other fees	paid to examiners						500
Legal fees				4,886	4,886		150
Depreciation,	amortisation	and	other similar costs	8,941	8,$41	9,755
Other governance costs				2,531	2,531	5,247
				38362	38362	41	951

12Staff costs The aggregate payroll costs were as follows:
	2022	2021
		8
Staff coals during the year were:
Wages and salaries	300,782	341,153
Social security costs	14,809	16,469
Pension costs	4,440	4,025
Other staff costs	2,098	5,356
	322,129	387,003

charity duri	ng the yea	r expressed as full time equiv	alents was as follows:
			2022		2021
			No		No
Administration				12		15
Production	(including	cast)				6
				12		23

13Indepen	dent examineCs remuneration
		2022	2021
Examination	ofthe financial statements	4,680	3,000
Other fees	to examiners
Taxation compliance services			500

15Tangible fixed assets
	Land and buildings 8	Furniture and equipment	Computer equipment	Total
Cost
At 1 April 2021	221,584	155,061	88,264	484,909
Disposals	(221,584)			(221,584)
At 31 March 2022		155,061	88,264	243,325
Depreciation
At 1 April 2021 Charge forthe year	221,584	149,158 4P9T	81,598 4~	452,340 8,941
Eliminated on disposals	(221,584)			(221,584)
At 31 March 2022		153,655	86,042	239,69T
Net book value
At 31 March 2022		1~	2,222	3,628
At 31 March 2021		5,803	6,686	12,589

16Debtors
		2021
Trade debtors	2,500	1,160
Prepayments	30,373	28,170
Accrued income	227,425	19,500
Other debtors	5,509	55,916
	265807	104,746

17Cash and cash equivalen	ts
		2022	2021
Cash on hand		1,363	1,441
Cash at bank		191,687	200,240
Short-term deposits		213,214	11,714
Cash and cash equivalents	in statement ofcash flows	406,264	213,395

18Creditom: amounts falling due within one year
	2022	2021
Trade creditors	11,597	17,542
Other taxation and social security	6,670	4,364
Other creditors	21,260	5,370
Accruals	13,266	9,121
	52793	36397

20 Funds
		Balance at 2021 5	Incoming 8 resources	Resources expended		Balance at 31 INarch 2022 8
Unrestricted
General
General unrestricted funds		234,008	848,534	(560,441)	(105,000)	319,001
Designated
Relocation		17,691			105,000	212,691
Rebuilding	Better project	30,000				30,000
Total Unrestricted		282,500	848,534	(560,441)		561,602
Restricted
Production	costs		43,000			43,000
Apprenticeships		2,050				2,050
Open Gate		8,308	0,SOO	{3,000)		14,808
Other restricted funds		1,356				1,356
Total restricted		11,714	52,500	(3,000)		61,214
Total funds		294,313	001,034	(572W1)		sn,oos
						Balance at
						31INarch
						2021
Unrestricted
General
General unrestricted funds		187,990	541,501	(520,358)	34,774	234,007
Designated
Artistic spend (gala fundraising)		24,774			(24,774)
Relocation		17,601				17,691
Support spend		10,000			{10,000)
Rebuilding	Better project		30,000			30,000
Total unrestricted		240,455	571,501	(520,358)		282,598

		1 April 2020	incomin g resoume 6	Resources expended	Transfers 6	Balance at 31 INarch 2021 8
Restricted
Production costs		4,000	25,000	(29,000)
Apprenticeships			11,050	(9,000)		2,050
OpenGate		15,915		(8,192)	585	8,308
Other restricted	funds	3,285		(1,344)	(585)	1,356
Total restricted		23,200	36,050	(47,536)		11,714
Total funds		2631655	607,551	(576,894)		294,312

		Unrestricted	Unrestricted
		General	Designated	Restricted	Total funds
			6	6	6
Tangible	fixed assets	3,628			3,628
Current	assets	368,167	242,6$0	61,214	672,071
Current	liabilities	(52,7$3)			(52,793)
Total net assets		319,002	242,690	61,214	622,906
		Unrestricted
		General	Designated	Restricted	Total funds
		8	6	6	F
Tangible	iixed 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

22 Analysis ofnet funds
	At 1 April	Financing	At 31 March
	2021	cash Rows	2022
		6	6
Cash at bank and in hand	213,395	192,869	406,264
Net debt	213,395	192,869	406,264

22Analysis ofnet funds (continued)
	At 1 April	Financing	At 31 March
	2020	cash flows	2021
		5	5
Cash ai bank and in hand	170,786	42,500	213,305
Bank overdraft	(25,000)	25,000
Net debt	145,255	5T,500	213,305