| Page | |
|---|---|
| LegalandAdministrativeDetails | 2 |
| Trustees'Report | 3 |
| IndependentAuditor'sReport | 22 |
| ConsolidatedStatementofFinancialActivities | 26 |
| BalanceSheets | 27 |
| ConsolidatedStatementofCashFlows | 28 |
| NotestotheFinancialStatements | 29 |
| Note | Unrestricted | Restricted | Total2021 | Unrestricted | Restricted | Total2020 | |
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| £ | £ | £ | £ | £ | |||
| INCOMEANDEXPENDITURE | |||||||
| Incomefrom | |||||||
| Donationsandgrants | 2 | 3,027,719 | 234,679 | 3,262,398 | 1,819,568 | 715,957 | 2,535,525 |
| Charitableactivities | 3 | 517,921 | - | 517,921 | 3,010,736 | - | 3,010,736 |
| Othertradingactivities | 4 | 145,231 | - | 145,231 | 835,360 | - | 835,360 |
| Investments | 5 | 1,520 | - | 1,520 | 10,141 | - | 10,141 |
| TotalIncome | 3,692,391 | 234,679 | 3,927,070 | 5,675,805 | 715,957 | 6,391,762 | |
| Expenditureon | |||||||
| RaisingFunds | 6 | 405,140 | - | 405,140 | 671,111 | - | 671,111 |
| Charitableactivities | 7 | 2,806,800 | 313,899 | 3,120,699 | 5,276,471 | 456,648 | 5,733,119 |
| TotalExpenditure | 3,211,940 | 313,899 | 3,525,839 | 5,947,582 | 456,648 | 6,404,230 | |
| NetIncome/(expenditure) fortheyear |
8 | 480,451 | (79,220) | 401,231 | (271,777) | 259,309 | (12,468) |
| FundBalancesBrought Forward |
2,897,963 | 2,994,030 | 5,891,993 | 3,169,740 | 2,734,721 | 5,904,461 | |
| FundBalancesCarried Forward |
3,378,414 | 2,914,810 | 6,293,224 | 2,897,963 | 2,994,030 | 5,891,993 |
| Group | Charity | ||||
|---|---|---|---|---|---|
| Note | 2021 | 2020 | 2021 | 2020 | |
| FIXEDASSETS | £ | £ | £ | £ | |
| Tangibleassets | 11 | 3,964,617 | 4,197,124 | 3,956,713 | 4,191,668 |
| Investments | 12 | - | 100 | 100 | |
| 3,964,617 | 4,197,124 | 3,956,813 | 4,191,768 | ||
| CURRENTASSETS | |||||
| Stocks | 6,255 | 8,269 | — | ||
| Debtors | 14 | 674,525 | 903,632 | 694,309 | 917,241 |
| Cashatbankandinhand | 2,639,259 | 2,078,825 | 2,625,667 | 2,062,797 | |
| 3,320,039 | 2,990,726 | 3,319,976 | 2,980,038 | ||
| CREDITORS:amounts | |||||
| fallingdue | |||||
| withinoneyear | 15 | (991,432) | (1,295,857) | (995,216) | (1,289,015) |
| NETCURRENTASSETS | 2,328,607 | 1,694,869 | 2,324,760 | 1,691,023 | |
| NETASSETS | 6,293,224 | 5,891,993 | 6,281,573 | 5,882,791 | |
| THEFUNDSOFTHE | |||||
| CHARITY/GROUP | |||||
| Restrictedfunds | 17 | 2,914,810 | 2,994,030 | 2,914,810 | 2,994,030 |
| Unrestrictedfunds | |||||
| Tangiblefixedassetfund | 18 | 1,465,060 | 1,533,777 | 1,457,156 | 1,528,321 |
| Designatedfunds | 19 | 1,010,000 | 560,000 | 1,010,000 | 560,000 |
| Generalfunds | 20 | 903,354 | 804,186 | 899,607 | 800,440 |
| 3,378,414 | 2,897,963 | 3,366,763 | 2,888,761 | ||
| 6,293,224 | 5,891,993 | 6,281,573 | 5,882,791 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Cashinflowfromoperatingactivities: | ||||
| Netcashprovidedbyoperatingactivities | A | 598,675 | 762,039 | |
| Cashinflowfrominvestingactivities: | ||||
| Interestfrominvestments | 1,520 | 10,141 | ||
| Purchaseoftangiblefixedassets | (39,761) | (113,698) | ||
| Netcashusedininvestingactivities | (38,241) | (103,157) | ||
| Changeincashandcashequivalentsintheyear | 560,434 | 658,882 | ||
| Cashandcashequivalentsat1April2020 | 2,078,825 | 1,419,943 | ||
| Cashandcashequivalentsat31March2021 | B | 2,639,259 | 2,078,825 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Netincome(expenditure)(asperthestatementoffinancialactivities) | 401,231 | (12,468) |
| Adjustmentsfor: | ||
| Depreciationcharge | 272,268 | 260,911 |
| Interestfrominvestments | (1,520) | (10,141) |
| Decreaseinstocks | 2,014 | 1,108 |
| Decreaseindebtors | 229,107 | 257,264 |
| (Decrease)increaseincreditors | (304,425) | 265,365 |
| Netcashprovidedbyoperatingactivities | 598,675 | 762,039 |
| B Analysisofcashandcashequivalents |
||
| 2021 | 2020 | |
| £ | £ | |
| Cashatbankandinhand | 2,639,259 | 2,078,825 |
| Totalnetfundsandcashandcashequivalents | 2,639,259 | 2,078,825 |
| NCOMEFROMDONATI | ONSANDGRAN | TS | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Restricted | |||
| Funds | Funds | 2021 | Funds | Funds | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| ArtsCouncilgrants | 687,933 | - | 687,933 | 675,504 | - | 675,504 |
| DCMSCRFGrant | 574,000 | 574,000 | ||||
| SmallBusinessGrant | 25,000 | - | 25,000 | |||
| FurloughGrants | 784,292 | - | 784,292 | |||
| Donations | 956,494 | 234,679 | 1,191,173 | 1,144,064 | 715,957 | 1,860,021 |
| Totalfunds | 3,027,719 | 234,679 | 3,262,398 | 1,819,568 | 715,957 | 2,535,525 |
| INCOMEFROMCHARITABLEACTIVITIES | ||
|---|---|---|
| UnrestrictedFunds | ||
| 2021 | 2020 | |
| £ | £ | |
| Theatreoperatingincome | 458,411 | 2,596,724 |
| Theatretaxrelief | 59,510 | 414,012 |
| Totalfunds | 517,921 | 3,010,736 |
| INCOMEFROMOTHERTRADINGACTIVITIES | ||
|---|---|---|
| Unrestricted | Funds | |
| 2021 | 2020 | |
| £ | £ | |
| Corporateactivities | 113,335 | 388,125 |
| Barrevenue | 8,868 | 344,459 |
| Othertheatretrading | 40 | 76,783 |
| Rentalincome | 22,988 | 25,993 |
| Totalfunds | 145,231 | 835,360 |
| INCOMEFROMINVESTMENTS | Unrestricted | Funds |
| 2021 | 2020 | |
| £ | £ | |
| Bankinterest | 1,520 | 10,141 |
| Totalfunds | 1,520 | 10,141 |
| Direct | Support | Direct | Support | |||
|---|---|---|---|---|---|---|
| Activity | Expenditure | Costs | 2021 | Expenditure | Costs | 2020 |
| £ | £ | £ | £ | £ | £ | |
| Donations | 97,824 | 4,079 | 101,903 | 169,065 | 3,736 | 172,801 |
| Fundraisingevents | 36,479 | 1,521 | 38,000 | 36,615 | 1,385 | 38,000 |
| Corporateactivities | 60,373 | 2,517 | 62,890 | 65,410 | 2,232 | 67,642 |
| Barexpenses | 194,247 | 8,100 | 202,347 | 337,051 | 7,407 | 344,458 |
| Othertheatretrading | — | — | — | 46,821 | 1,389 | 48,210 |
| Totalfunds | 388,923 | 16,217 | 405,140 | 654,962 | 16,149 | 671,111 |
| Unrestricted | Restricted | Unrestricted | Restricted | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | Funds | Funds | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Directcostsof | ||||||
| operatingTheatre | 2,694,447 | 301,334 | 2,995,781 | 5,155,420 | 446,172 | 5,601,592 |
| Supportcosts | 112,353 | 12,565 | 124,918 | 121,051 | 10,476 | 131,527 |
| Totalfunds | 2,806,800 | 313,899 | 3,120,699 | 5,276,471 | 456,648 | 5,733,119 |
| NETINCOME(EXPENDITURE) | Group | |
|---|---|---|
| 2021 | 2020 | |
| £ | ||
| Netincome(expenditure)fortheyearis | ||
| statedaftercharging: | ||
| Depreciationoftangiblefixedassets | 272,268 | 260,911 |
| Auditor'sremuneration | ||
| -auditfees | 18,220 | 17,225 |
| -tax | 2,950 | 2,860 |
| -otherservices | 1,800 | 2,175 |
| 10. | STAFFCOSTSANDDIRECTORS'REMUNERATION | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Totalemoluments: | |||
| Wagesandsalaries | 1,929,611 | 2,879,926 | |
| NationalInsurance | 151,792 | 189,933 | |
| Pensioncontributions | 47,489 | 51,895 | |
| 2,128,892 | 3,121,754 | ||
| 2021 | 2020 | ||
| Number | Number | ||
| Averagenumberofemployees(fulltimeequivalents): | |||
| TheatreArtists(Actors,supernumeraries,extras) | 1 | 19 | |
| TheatreOperation | 21 | 27 | |
| Development&Marketing | 9 | 11 | |
| Education&Access | 4 | 6 | |
| Administration&Finance | 8 | 9 | |
| CateringCompany | 6 | 6 | |
| 49 | 78 |
| Averagenumberofemployees(headcount): | ||
|---|---|---|
| 2021 | 2020 | |
| Number | Number | |
| Charity | 149 | 180 |
| Catering | 22 | 21 |
| 171 | 201 |
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| £60,000-£69,999 | 1 | |
| £70,000-£79,999 | 1 | |
| £80,000-£89,999 | 1 | |
| £110,000-£119,999 | 1 | |
| £120,000-£129,999 | 1 | |
| 2 | 3 |
| TANGIBLEFIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Fixtures, | |||
| landand | Building | fittingsand | ||
| buildings | renovations | equipment | Total | |
| Group | £ | £ | £ | £ |
| Cost | ||||
| At31March2020 | 2,133,229 | 3,594,106 | 2,601,330 | 8,328,665 |
| Additions | - | - | 39,761 | 39,761 |
| At31March2021 | 2,133,229 | 3,594,106 | 2,641,091 | 8,368,426 |
| Accumulateddepreciation | ||||
| At31March2020 | 354,024 | 1,554,369 | 2,223,148 | 4,131,541 |
| Chargefortheyear | 27,476 | 88,638 | 156,154 | 272,268 |
| At31March2021 | 381,500 | 1,643,007 | 2,379,302 | 4,403,809 |
| NetBookValue | ||||
| At31March2021 | 1,751,729 | 1,951,099 | 261,789 | 3,964,617 |
| At31March2020 | 1,779,205 | 2,039,737 | 378,182 | 4,197,124 |
| Freehold | Fixtures, | |||
| landand | Building | fittingsand | ||
| buildings | renovations | equipment | Total | |
| £ | £ | £ | £ | |
| Charity | ||||
| Cost | ||||
| At31March2020 | 2,133,229 | 3,594,106 | 2,576,451 | 8,303,786 |
| Additions | - | - | 34,585 | 34,585 |
| At31March2021 | 2,133,229 | 3,594,106 | 2,611,036 | 8,338,371 |
| Accumulateddepreciation | ||||
| At31March2020 | 354,024 | 1,554,369 | 2,203,725 | 4,112,118 |
| Chargefortheyear | 27,476 | 88,638 | 153,426 | 269,540 |
| At31March2021 | 381,500 | 1,643,007 | 2,357,151 | 4,381,658 |
| NetBookValue | ||||
| At31March2021 | 1,751,729 | 1,951,099 | 253,885 | 3,956,713 |
| At31March2020 | 1,779,205 | 2,039,737 | 372,726 | 4,191,668 |
March2021isshownbelow. |
||
|---|---|---|
| 2021 | 2020 | |
| Turnover | 8,868 | 344,458 |
| Costofsales | (199,874) | (324,043) |
| Gross(loss)profit | (191,006) | 20,415 |
| Administrativeexpenses(netofmanagementfees) | (7,424) | (15,641) |
| Otheroperatingincome | 193,479 | |
| (Loss)profitfortheyear | (4,951) | 4,774 |
| Theassetsandliabilitiesofthissubsidiarywere: | ||
| Fixedassets | 7,904 | 5,456 |
| Currentassets | 19,848 | 26,842 |
| Creditors:amountsfallingduewithinoneyear | (59,529) | (59,124) |
| Totalnetliabilities | (31,777) | (26,826) |
| Aggregatesharecapitalandreserves | (31,777) | (26,826) |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Turnover | 492,221 | 2,826,471 | |||
| Costofsales | (551,731) | (3,240,483) | |||
| Grossloss | (59,510) | (414,012) | |||
| Taxationfortheyear | 59,510 | 414,012 | |||
| Lossfortheyear | |||||
| Theassetsandliabilitiesofthissubsidiarywere: | |||||
| Currentassets | 59,510 | 414,012 | |||
| Creditors:amountsfallingduewithinoneyear | (59,510) | (414,006) | |||
| Totalnetassets | 6 | 6 | |||
| Aggregatesharecapitalandreserves | 6 | 6 | |||
| 14. | DEBTORS | Group | Charity | ||
| 2021 | 2020 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Duewithinoneyear | |||||
| Tradedebtors | 104,529 | 23,423 | 104,529 | 23,423 |
|
| Amountsowedbysubsidiaryundertakings | 79,300 | 427,628 |
|||
| Otherdebtors | 59,524 | 419,322 | 8 | 5,303 |
|
| Productioncostsinadvance | 246,676 | 230,965 | 246,676 | 230,965 |
|
| Prepaymentsandaccruedincome | 263,796 | 229,922 | 263,796 | 229,922 |
|
| 674,525 | 903,632 | 694,309 | 917,241 |
||
| 15. | CREDITORS:amountsfallingdue | Group | Charity | ||
| withinoneyear | 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | ||
| Tradecreditors | 78,927 | 182,492 | 78,788 | 182,331 |
|
| Othertaxationandsocialsecurity | 87,563 | 86,778 | 87,021 | 84,518 |
|
| Othercreditors | 167,455 | 118,275 | 171,920 | 113,854 |
|
| Boxofficereceiptsinadvance | 157,614 | 157,614 | |||
| Accrualsanddeferredincome | 657,487 | 750,698 | 657,487 | 750,698 |
|
| 991,432 | 1,295,857 | 995,216 | 1,289,015 |
| erredincomerelatestogrant,sponsorship,donationan chwillbespentinsubsequentyears. |
dmembershipincomereceivedd | uringtheyear |
|---|---|---|
| 2021 | 2020 | |
| Groupandcharity | £ | £ |
| Deferredincomebroughtforward | 471,600 | 218,840 |
| Releasedintheyear | (470,879) | (108,440) |
| Deferredintheyear | 90,486 | 361,200 |
| Deferredincomecarriedforward | 91,207 | 471,600 |
| 1April | 31March | |||
|---|---|---|---|---|
| 2020 | Income | Expenditure | 2021 | |
| GroupandCharity | ||||
| Productionsfund | 330,584 | 234,679 | (150,010) | 415,253 |
| Capitalfund | 2,663,446 | (163,889) | 2,499,557 | |
| Restrictedfunds | 2,994,030 | 234,679 | (313,899) | 2,914,810 |
| 1April | 31March | |||
| 2019 | Income | Expenditure | 2020 | |
| GroupandCharity | ||||
| Productionsfund | 635,957 | (305,373) | 330,584 | |
| Capitalfund | 2,734,721 | 80,000 | (151,275) | 2,663,446 |
| Restrictedfunds | 2,734,721 | 715,957 | (456,648) | 2,994,030 |
| 1April | Movement | 31March | |
|---|---|---|---|
| 2020 | inyear | 2021 | |
| £ | £ | £ | |
| Tangiblefixedassetfund: Charity |
1,528,321 | (71,165) | 1,457,156 |
| Subsidiaries | 5,456 | 2,448 | 7,904 |
| Group | 1,533,777 | (68,717) | 1,456,060 |
| 1April | Movementin | 31March | |
|---|---|---|---|
| 2019 | year | 2020 | |
| £ | £ | £ | |
| Tangiblefixedassetfund: Charity |
1,603,220 | (74,899) | 1,528,321 |
| Subsidiaries | 6,796 | (1,340) | 5,456 |
| Group | 1,610,016 | (76,239) | 1,533,777 |
| 19. | DESIGNATED | 1April | New | 31March |
|---|---|---|---|---|
| 2020 | designation | 2021 | ||
| Groupandcharity | £ | £ | £ | |
| Propertyredevelopmentfund | 400,000 | 400,000 | ||
| Maintenancereserve: | ||||
| Repairsandrenewals | 125,000 | 125,000 | ||
| Equipmentreplacementreserve | 35,000 | 35,000 | ||
| Creative/SpecialSituationreserve | 450,000 | 450,000 | ||
| 560,000 | 450,000 | 1,010,000 | ||
| 1April | Utilised/ | 31March | ||
| 2019 | Released | 2020 | ||
| Groupandcharity | £ | £ | ||
| Propertyredevelopmentfund | 400,000 | 400,000 | ||
| Maintenancereserve: | ||||
| Repairsandrenewals | 125,000 | 125,000 | ||
| Equipmentreplacementreserve | 35,000 | 35,000 | ||
| Creative/SpecialSituationreserve | 150,000 | (150,000) | ||
| Propertyredevelopmentfund | ||||
| 710,000 | (150,000) | 560,000 |
| 21. | ANALYSISOFNETASSETS | Tangible | Netcurrent | 2021 |
|---|---|---|---|---|
| BETWEENFUNDS | fixedassets | assets | Total | |
| £ | £ | £ | ||
| Group | ||||
| Unrestrictedfunds | ||||
| Tangiblefixedassetfund | 1,465,060 | - | 1,465,060 | |
| Designatedfunds | 1,010,000 | 1,010,000 | ||
| Generalfunds | 903,354 | 903,354 | ||
| 1,465,060 | 1,913,354 | 3,378,414 | ||
| Restrictedfunds | 2,499,557 | 415,253 | 2,914,810 | |
| 3,964,617 | 2,328,607 | 6,293,224 | ||
| Fixed | Netcurrent | 2021 | ||
| Charity | assets | assets | Total | |
| £ | £ | £ | ||
| Unrestrictedfunds | ||||
| Tangiblefixedassetfund | 1,457,156 | 1,457,156 | ||
| Designatedfunds | - | 1,010,000 | 1,010,000 | |
| Generalfunds | 100 | 899,507 | 899,607 | |
| 1,457,256 | 1,909,507 | 3,366,763 | ||
| Restrictedfunds | 2,499,557 | 415,253 | 2,914,810 | |
| 3,956,813 | 2,324,760 | 6,281,573 |
| 21. | ANALYSISOFNETASSETS | Tangible | Netcurrent | 2020 |
|---|---|---|---|---|
| BETWEENFUNDS(continued) | fixedassets | assets | Total | |
| £ | £ | £ | ||
| Group | ||||
| Unrestrictedfunds: | ||||
| Tangiblefixedassetfund | 1,533,777 | 1,533,777 | ||
| Designatedfunds | 560,000 | 560,000 | ||
| Generalfunds | 804,186 | 804,186 | ||
| 1,533,777 | 1,364,186 | 2,897,963 | ||
| Restrictedfunds | 2,663,447 | 330,583 | 2,994,030 | |
| 4,197,124 | 1,694,869 | 5,891,993 | ||
| Fixed | Netcurrent | 2020 | ||
| Charity | assets | assets | Total | |
| £ | £ | £ | ||
| Unrestrictedfunds: | ||||
| Tangiblefixedassetfund | 1,528,321 | 1,528,321 | ||
| Designatedfunds | 560,000 | 560,000 | ||
| Generalfunds | 800,440 | 800,440 | ||
| 1,528,321 | 1,360,440 | 2,888,761 | ||
| Restrictedfunds | 2,663,447 | 330,583 | 2,994,030 | |
| 4,191,768 | 1,691,023 | 5,882,791 |