2021-03-31-accounts - The London International Festival Of Theatre Limited

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					2021	2020
			Notes
Cash flows	from	operating activities	25		293,433	94,336
Cash flows	from	Investing activities:
Dividends, interest		and rents from investments			6
Purchase of	property, plant and equipment				(13,889)	(1,100)
Net cash provided		by Investment activities			(13,883)	(1,100)
Cash flows	from financing activities:
Repayments	of borrowing					(91,071)
Cash inflows	from	new borrowing				30,000
Net cash provided		by Rnanclng activities				(61,071)
Change in cash at		bank and in hand in the	reporting	period	279,550	32,165
Cash at bank	and	in hand at the beginning	ofthe reporting
penod					32,222	57
Cash at bank and		In hand at the end of	the reporting
period					311,772	32,222

4.	income from charitable		activities	2021	2020
(a)	Theatre income
	Boxoffice/fees				45
	Co-production contributions			6,000
	Consultancy/training courses			7,714	21,448
	Sundry income			76	421
				13,790	21,914
(b)	ProJect specific funding
	Grants/donations
	ACE —Business Transition		Support		2,500
	ACE - Investment Funds				4,500
	British Council			9,000	21,500
	Canadian High Commission				1,000
	Goethe-Institut			3,400	21,294
	Institut Francais				5,000
	UK German Connex				860
	Greater London Authority			15,000
	Mercers Company				15,000
	Tottenham Youth Fund				250
	Sackler Trust			50,000	50,000
	The London Community	Foundation			10,000
	Esmee Fairbaim Foundation			40,000	40,000
	Baskins Family Foundation				7,499
				117,400	179,403
				131,190	201,317
6.	Other income			2021	2020
					E
	Theatre tax relief (TTR)			3,711	15,965

6.	Expenditure		on raising funds	on raising funds	on raising funds	on raising funds	on raising funds				2021		2020
	Salaries/fees										62,950		41,795
	Social security costs										3,736		3,581
	Profile development/cultivation										3,510		26,476
											70,196		71,852
7.	Expenditure		on charitable				acthrities		2021			2020
	Lift proJects
	Salaries/fees							99,604			7,779
	Production/technical				costs			32,472			28,301
	2020 Festival		committed			costs					36,042
										132,076			72,122
	Marketing
	Festival campaign			costs				27,377			14,089
										27,377			14,089
	Artistic direction
	Salaries/fees							69,964			69,829
	Social security costs							6,275			5,507
	Programme	research						1,511			8,457
										77,750			83,793
	Community		Engagement
	Salaries/fees							59,841			77,465
	Socal security		costs					4,250			6,812
	Research							35
	Activity costs							65			25,269
										64,191			109,546
										301,394			279,550
	Support costs - page				26					144,395			125,310
	Governance		costs	—page		26				6,887			24,804
										452,676			429,664

				2021	2020
					F
	Support costs
	Overheads			28,665	26,521
	Depreciation offixed assets			7,924	4,730
	Staffcosts			91,526	80,814
	Administration			12,543	8,745
	Professional and	finance		3,737	4,500
	Total support costs			144,395	125,310
	Governance costs
	Board meeting expenses			37	410
	Consultancy				16,144
	Audit/accountancy			6,850	8,250
	Total governance	costs		6,887	24,804
8.	Interest payable			2021	2020
					E
	On loans/overdrafts
9.	Net income/(expenditure)		for the year is	2021	2020
	stated after charging:
	Depreciation oftangible fixed assets			7,924	4,730
	Auditors' remuneration
	—external audit			3,250	4,650
	-other services			3,600	3,600

2021	2020
Number	Number

16.	Fixed assets - tangible assets	Fixed assets - tangible assets
				Office	Production	Total
			Webslte	equipment	equipment
	Cost
	1 April 2020		10,950	17,231		28,181
	Additions			9,096	4,793	13,889
	31 March 2021		10,950	26,327	4,793	42,070
	Depreciation
	1 April 2020		7,300	15,654		22,954
	Charge for year		3,650	3,076	1,198	7,924
	31 March 2021		10,950	18,730	1,198	30,878
	Net book values
	31 March 2021			7,597	3,595	11,192
	31 March 2020		3,650	1,577		5,227
16.	Debtors				2021	2020
	Trade debtors				3,043	7,120
	Other debtors				8,444	12,809
	Prepayments and Accrued income				19,298	144,261
					30,785	164,190
17.	Creditors: amounts	falling due			2021	2020
	within one year				f.
	Trade creditors				54,604	27,020
	Other taxation/social	security			9,194	7,011
	Other creditors				10,089	3,461
	Accruals				14,450	8,287
	Deferred income (note 18)				56,463	37,783
					144,800	83,562

Balance	at 1 April	2020		37,783
Amount	released	to incoming	resources	(37,783)
Amount	deferred	in the year		56,463
Balance	at 31 March 2021			56,463

leases, with payments falling due as follo	ws:
			2021	2020
Due:
Within one year			1,370	1,370
Between two and five years			2,398	3,768
			3,768	5,138
Analysis ofnet assets between funds
	General	Designated	Restricted	Total
	funds	funds	funds
Fund balances at 31 March 2021
are represented by:
Tangible fixed assets	11,192			11,192
Net current assets	95,788	44,000	57,969	197,757
	106,980	44,000	57,969	208,949

24.	Gross Cash Flows					2021		2020
	Returns on investments		and servicing offinance
	Interest received
	Interest paid							(644)
								(644)
	Capital expenditure
	Payments to acquire tangibie assets					(13,889)		(1,100)
25.	Reconciliation ofnet	income/(expenditure)				to net cashflow from operating	activities
						2021		2020
	Net income/(expenditure)		for	the	reporting	90,872		53,150
	period (as per the	statement		of	financial
	activities)
	Depreciation					7,924		4,730
	Dividends, interest and	rents from		investments			(6)
	Decrease in debtors					133,405		86,394
	Increase / (decrease) in		creditors			61,238		(49,938)
	Net cash inflow from	operating		activities		293,433		94,336