2021-03-31-accounts - Almeida Theatre Company Limited

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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

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

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

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

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