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2022-03-31-accounts

Page
Reference and Administrative Details ofthe Company, its Trustees and Advisers
Trustees'
Report
Independent Auditors'
Report
on the Financial Statements
Consolidated Statement of Financial Activities 15
Consolidated Balance Sheet 16
Company
Balance Sheet
17-18
Consolidated Statement
of Cash Flows
19
Notes to the Financial Statements 20-45
Trustees Nicholas
Buckland OBE,
Nicholas
Buckland OBE,
Chair Chair
Francis Drake (resigned 21 September 2021)
Sarah Fysh
Shona Godefroy
Bronwen Lacey
James Pidgeon
Paul Woods (resigned 21 September 2021)
Emma-Marie
Huxham
Imogen
Kinchin
Company Registered
Number 01560651
Charity Registered
Number 284545
Registered Office Royal Parade
Plymouth
Devon
PL1 2TR
Chief Executive Adrian
Vinken CBE,OBE, DL (resigned
9January 2022)
James Mackenzie-Blackman (appointed 10January 2022)
Independent Auditors Bishop Fleming LLP
Chartered
Accountants
Salt Quay House
4 North East Quay
Sutton Harbour
Plymouth
PL4 OBN
Bankers NatWest
St Andrew's
Cross
Plymouth
PL4 OHY
Lloyds Bank
8 Royal Parade
Plymouth
PL1 1LX
Solicitors Womble
Bond Dickinson
Ballard House
West Hoe Road
Plymouth
PL1 3AE

Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
Note EOOO 6000 8000 8000
Income from:
Donations
and legacies
3,109 668 3,777 6,964
Charitable
activities
6,154 6,154 883
Other trading
activities
438 438
Investments 2 2 4
Total income 9,703 668 10,371 7,851
Expenditure
on:
Raising funds 300 300 447
Charitable
activities
8,925 1,419 10,344 7,171
Total expenditure 9,225 1,419 10,644 7,618
Net income/(expenditure) 478 (751) (273) 233
Transfers
between
funds 21 (4) 4
Net movement
in funds
474 (747) (273) 233
Reconciliation
offunds:
Total funds brought forward 3,790 11,663 15,453 15,220
Net movement
in funds
474 (747) (273) 233
Total funds carried forward 4,264 10,916 15,180 15,453

2022 2021
Note f000 f000
Fixed assets
Tangible assets 13 11113 11,229
Heritage assets 14 543 563
11,656 11,792
Current assets
Stocks 16 96 43
Debtors 17 433 360
Cash at bank and in hand 10,018 7,853
10,547 8,256
Creditors: amounts falling due within one
year 18 (6,734) (3,727)
Net current assets 3,813 4,529
Total assets less current liabilities 15,469 16,321
Creditors: amounts falling due after more
than one year 19 (49) (560)
Provisions
for liabilities
20 (240) (308)
Total net assets 15,180 15,453
Charity funds
Restricted funds 21 10,916 11,663
Unrestricted
funds:
Designated
funds
21 3,214 2,637
General funds 21 1,050 1,153
Total unrestricted funds 21 4,264 3,790
Total funds 15,180 15,453
2022 2021
Note f000 f000
Fixed assets
Tangible assets 13 11,113 11,229
Heritage assets 14 543 563
Investments 15
11,656 11,792
Current assets
Stocks 16 75 37
Debtors 17 428 372
Cash at bank and in hand 9,973 7,836
10,476 8,245
Creditors: amounts falling due within one
year 18 (6,836) (3,724)
Net current assets 3,640 4,521
Total assets less current liabilities 15,296 16,313
Creditors: amounts falling due after more
than one year 19 (49) (560)
Provisions
for liabilities
20 (240) (308)
Total net assets 15,007 15,445

2022 2021
Note f000 f000
Charity funds
Restricted
funds
10,916 11,863
Unrestricted
funds:
Designated
funds
3,214 2,637
General funds 877 1,145
Total unrestricted funds 4,091 3,782
Total funds 15,007 15,445

2022 2021
f000 6000
Cash flows from operating activities
Net cash used
in operating
activities 2,620 1,064
Cash flows from investing activities
Dividends,
interests and rents from investments
2 4
Purchase oftangible
fixed assets
(457) (206)
Net cash used in investing activities (455) (202)
Change in cash and cash equivalents in the year 2,165 862
Cash and cash equivalents at the beginning ofthe year 7,853 6,991
Cash and cash equivalents at the end of the year 10,018 7,853

Unrestricted Restricted Total
funds funds funds
2022 2022 2022
6000 f000 6000
GRANTS
Arts Council England - Core 1,207 1,207
Arts Council England - Emergency Funding
Arts Council England - Culture Recovery Fund 1,300 1,300
Arts Council England - Other
Plymouth
City Council
315 315
Engagement & Learning grants 364 364
Donations 19 75 94
CJRS Grants 229 229
Development income 268 268
3,109 668 3,777
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
6000 f000 f000
GRANTS
Arts Council England - Core 1,207 1,207
Arts Council England - Emergency Funding 806 806
Arts Council England - Culture Recovery Fund 1,683 1,683
Arts Council England - Other 4 4
Plymouth
City Council
415 415
Engagement & Learning grants 480 480
Garfield Weston Foundation 301 301
Donations 161 161
CJRS grants 1,812 1,812
Development income 85 10 95
4,361 2,603 6,964

Unrestricted Total Total
funds funds funds
2022 2022 2021
6000 8000 6000
Boxoffice 2,985 2,985 365
Theatre rentals 1,372 1,372 113
Co-producers' contributions 260 260 2
Commercial build activity 1,474 1,474 364
Other 63 63 39
TOTAL 2022 6,154 6,154 883

Unrestricted Total Total
funds funds funds
2022 2022 2021
6000 8000 6000
Catering & retailing 438 438

Unrestricted Total Total
funds funds funds
2022 2022 2021
f000 F000 8000

Unrestricted Restricted Total
funds funds funds
2022 2022 2022
8000 EOOO f000
8,925 1,419 10,344
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
L'000 f000 f000
4,508 2,663 7,171

Activities
undertaken Support Total
dIrectly costs funds
2022 2022 2022
EOOO f000 8000
7,838 2,506 10,344
Activities
undertaken Support Total
directly costs funds
2021 2021 2021
9000 9000 f000
4,924 2,247 7,171

Total Total
funds funds
2022 2021
6000 EQQQ
Staff costs 1,467 1,204
Depreciation 593 706
Marketing, development and hospitality 29 17
Finance 143 124
Cleaning 15 25
ITand administration 167 104
Theatre production and education 61
Loss of disposal of fixed assets 38
Governance costs 31 29
2,506 2,247

Group Group Company Company
2022 2021 2022 2021
6000 6000 6000 EQQQ
Wages and salaries 4,043 3,964 3,951 3,652
Social security costs 320 284 317 271
Contribution to defined contribution pension
schemes 141 136 141 129
4,504 4,384 4,409 4,052

Group Group Company Company
2022 2021 2022 2021
No. No. No. No.
Management and administration 19 24 19 24
Venue staff 22 20 22 20
Production staff 44 53 44 53
Catering staff 62
Cast 2 2
Part-time and casual staff 159 151 152 151
246 310 239 248
Group Group Company Company
2022 2021 2022 2021
No. No. No. No.
Management and administration 21 19 21 19
Venue staff 22 15 22 15
Production staff 46 50 46 50
Catering staff 6
Cast 2 2
Part-time and casual staff 63 63 59 63
154 153 150 147
Group Group
2022 2021
No. No.

Long-term
leasehold Office
property equipment Total
f000 5000 FOOO
COST
At 1 April 2021 18,069 2,272 20,341
Additions 389 68 457
Disposals (131) (131)
At 31 March 2022 18,458 2,209 20,667
DEPRECIATION
At 1 April 2021 7,501 1,610 9,111
Charge for the year 403 170 573
On disposals (131) (131)
At 31 March 2022 7,904 1,649 9,553
NET BOOK VALUE
At 31 March 2022 10,554 560 11,114
At 31 March 2021 10,568 661 11,229

Long-term
leasehold Office
property equipment Total
f000 f000 f000
COST
At 1 April 2021 18,069 2,264 20,333
Additions 389 68 457
Disposals (131) (131)
At 31 March 2022 18,458 2,201 20,659
DEPRECIATION
At 1 Aprii 2021 7,501 1,602 9,103
Charge for the year 403 170 573
On disposals (131) (131)
At 31 March 2022 7,904 1,641 9,545
NET BOOK VALUE
At 31 March 2022 10,554 560 11,114
At 31 March 2021 10,568 661 11,229

Heritage
asset
2022
5000
Carrying value at 1 April 2021 563
Depreciation (20)
Net book value at 31 March 2022 543

2022 2021 2020 2019 2018
6000 f000 0000 5000 5000
PURCHASES
Heritage asset 25
TOTAL ADDITIONS
25
CHARGE FOR
DEPRECIATION
Heritage asset (20) (20) (20)
TOTAL CHARGE FOR
IMPAIRIIIIENT
(20) (20) (20)

The finan cial results ofthe subsi diaries
for the year were:
Names Income Expenditure Profit for Net assets
5000 EOOO the period 5000
f000
Talklight Limited 443 (278) 155 173

Group Group Company Company
2022 2021 2022 2021
FOOO 5000 f000 f000
Finished goods and goods for resale 96 43 75 37

Group Group Company Company
2022 2021 2022 2021
f000 f000 f000 f000
DUE WITHIN ONE YEAR
Trade debtors 220 147 220 147
Amounts
owed by group undertakings
17
Other debtors 160 165 159 150
Prepayments and accrued income 49 48 49 48
Deferred taxation 4
433 350 428 372

Group Group Company Company
2022 2021 2022 2021
f000 f000 FOOO f000
Trade creditors 503 42 464 42
Amounts owed to group undertakings 148
Other taxation and social security 340 531 337 531
Other creditors 820 591 817 590
Accruals and deferred income 5,071 2,563 5,070 2,561
6,734 3,727 6,836 3,724

Group Group Company Company
2022 2021 2022 2021
f000 f000 f000 f000
Accruals and deferred income 49 560 49 560

Dilapidation Show
Provisions Provisions Total
FOOO 6000 6000
At 1 April 2021 141 167 308
Additions 172 172
Amounts used (73) (167) (240)
172 240

Balance at
Balance at 1 Transfers 31 March
April 2021 Income Expenditure in/out 2022
6000 FOOO 6000 f000 5000
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Capacity
Building
142 (75) 26 93
Deferred Artistic Funds 524 524
Mayflower
Reserve
200 (39) 39 200
Website Development Reserve 10 10
Drum Refurbishment Reserve 150 (14) 212 348
Digital Strategy Reserve 59 (39) 20
MMI fund 205 205
Staff obligations 1,327 1327
Post Covid support 20 (20)
Anniversary
Celebrations
60 60
Conversations 50 50
Dressing
Room Project
30 30
Governance
Improvements
30 30
Dilapidations 317 317
2,637 (128) 705 3,214
GENERAL FUNDS
General
Funds
1,153 9,703 (9,097) (709) 1,050
TOTAL UNRESTRICTED
FUNDS 3,790 9,703 (9,225) (4) 4,264

Balance at
Balance at 1 Transfers 31 March
April 2021 Income Expenditure in/out 2022
5000 FOOO 6000 6000 5000
RESTRICTED FUNDS
Production
& Education
Centre 4,468 (166) 4,302
Capital
Appeal
Fund 172 (5) 167
Engagement
8
Learning 554 364 (454) 468
Regeneration Project 6,124 (252) 5,872
TRAC Legacy Fund 2 (2)
TRP Christmas Appeal 29 26 (1) 54
Joan Lucas Fund 7 1 8
Adopt a Seat 1 1
Pennon
for YC
Hubs 40 (2) 38
CJRS Grants 229 (229)
Garfield Weston Foundation
Grant 301 (301)
Development 6 (7)
11,663 668 (1,419) 4 10,916
TOTAL OF FUNDS 15,453 10,371 (10,644) 15,180

Balance at
Balance at Transfers 31 March
1 April 2020 Income Expenditure in/out 2021
6000 6000 f000 9000 9000
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Capacity
Building
187 (45) 142
Deferred
Artisitic Funds
524 524
Cultural
Exemption
Reserve 300 (300)
Mayflower Reserve 200 200
Website Development Reserve 47 (41) 10
Cafe Refurbishment Reserve 93 (93)
IT &Telephony
Upgrade
Reserve 70 (70)
Drum Refurbishment Reserve 50 100 150
Digital Strategy Reserve 40 19 59
MMI fund 205 205
Flood repairs 106 (106)
Staff obligations 1,327 1,327
Post Covid support 20 20
1,716 106 (447) 1,262 2,637
GENERAL FUNDS
General Funds - all funds
General Funds 1,780 5,144 (4,509) (1,262) 1,153
1,780 5,144 (4,509) (1,262) 1,153
TOTAL UNRESTRICTED
FUNDS 3,496 5,250 (4,956) 3,790

Balance at
Balance at Transfers 31 March
1 April 2020 Income Expenditure in/out 2021
F000 6000 FOOO 6000 F000
RESTRICTED FUNDS
Production
&Education
Centre 4,634 (166) 4,468
Capital Appeal Fund 296 (124) 172
Engagement
& Learning
321 480 (247) 554
Regeneration Project 6,417 (293) 6,124
TRAC Legacy Fund 13 (11) 2
TRP Christmas Appeal 29 29
Joan Lucas Fund 5 2 7
AOTP 10 8 (12) 6
CJRS Grants 1,810 (1,810)
Garfield Weston Foundation
Grant 301 301
11,725 2,601 (2,663) 11,663
TOTAL OF FUNDS 15,221 7,851 (7,619) 15,453

Engagement
&
Learning
activ
ities:
Project/Funding At 31
March 2021
Income Expendi-
ture
At 31
March 2022
f000 f000 f000 f000
f000 f000 f000 f000
Our Space
Big Lottery funding
bfwd
25 25
Co-Creating
Change Commission
funding
bfwd
23 23
Donations
and other income
2
Big Lottery Fund 15 15
The Co-Creating Change
Commission 6
London
Marathon
Expenditure
2021 Donations ~40) 3
~40)
Funding
carried
forward 34
Funky Llama
Big
I ottery funding
bfwd
101 101
Big Lottery Fund 31 31
The Claire Milne Trust 10 10
Activity income
Expenditure
10 10
~97)~07)
Funding
carried forward
55
NT Connections
The National Theatre
Funding
NT Connections
Expenditure
bfwd 6 4
6
~0)~0
Funding
carried forward
Dare to Dazzle
BBCChildren
in
Need bfwd 15 15
BBCChildren
in
Expenditure
Need 4 4
~0)~0)
Funding
carried forward
13
Young Company
Create
BBCChildren
in Need bfwd
4
Donations
and other income
1 1
Expenditure
Funding
carried forward
Young Company
Hubs
The Esmee Fairbairn
Foundation
funding
bfwd
27 27
Donations
and other income
1 1
The D'Oyly Carte Charitable Trust 2 2
The Bashir Hilton Foundation 1 1
The Joyce Fletcher Charitable
Expenditure
Trust 3 ~3)) 3
~24)
Funding
carried forward
The Lab Company
The Andrew
Lloyd Webber
Foundation
funding
bfwd
Expenditure
2) 6
~2)
Funding
carried forward
4or More
The Ayla Suvern
Collective
bfwd
Funding
carried forward
With Flying Colours
Arts Council England 320 320
Arts Council England
funding
Expenditure
bfwd 250 ~264) 250
~284)
Funding
carried forward
306
Tiny Tales Schools
Paul Hamblyn
Foundation
received
2022/23
Funding
carried forward
(2)
Playhouse
2022
Funding
carried forward
Mayflower - The National Heritage
Lottery
National
Heritage
funding
bfwd 15
Funding
carried forward
Mayflower - Plymouth
Culture
Plymouth
Culture
30 30
Funding
carried fonvard
30
Mayflower - Arts Council
Art ofthe Possible funding
bfwd 8 ~))) 3
Funding
carried forward
TOTAL RESTRICTED
554 368 ~484) 468

ANALYS IS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
f000 5000 6000
Tangible fixed assets 772 10,341 11,113
Heritage assets 543 543
Current assets 10,515 32 10,547
Creditors due within one year (6,734) (6,734)
Creditors due in more than one year (49) (49)
Provisions for liabilities and charges (240) (240)
TOTAL 4,264 10,916 15,180
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted Restricted Total
funds funds funds
2021 202'I 2021
5000 f000 F000
Tangible fixed assets 465 10,764 11,229
Heritage assets 563 563
Current assets 7,919 336 8,255
Creditors due within one year (3,727) (3,727)
Creditors due in more than one year (560) (560)
Provisions for liabilities and charges (308) (308)
TOTAL 3,789 11,663 15,452

Group Group Company Company
2022 2021 2022 2021
6000 f000 6000 6000