##
|||||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|||||
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##
||||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|
##
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##
##
##
##
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##
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##
##
##
##
##
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##
##
##
||||||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|
##
##
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