**REGISTERED COMPANY NUMBER: 01933168 (England and Wales) REGISTERED CHARITY NUMBER: 292448**
## **REPORT OF THE TRUSTEES AND**
**AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **FOR**
## **WOKINGHAM THEATRE**
**WOKINGHAM THEATRE**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Report of the Independent Auditors**|5 to 8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Notes to the Financial Statements**|11 to 17|
|**Detailed Statement of Financial Activities**|18 to 19|
**WOKINGHAM THEATRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities**
The principal activity of the Theatre is to promote the enjoyment of all aspects of theatre in the Wokingham area and to provide facilities and opportunities for its members to participate in such activities.
## **Volunteers**
Theatre membership is open to anyone over the age of 16 against an annual subscription of £20 (£5 for students) and those members work on an unpaid basis to carry out all the activities associated with staging performances, maintaining the building and equipment, administering the Theatre and running the Youth Theatre. Pre-Covid we sold, on average, well over 97% of the tickets available - effectively playing to full houses. To date we have yet to see our audiences return to those levels; we are currently aiming to achieve at least 80% sales on average.
There are no selection criteria for members, and all members receive a monthly newsletter which includes notification of show auditions as well as appeals for assistance in other aspects of the Theatre's activities such as helping Front of House during productions.
## **ACHIEVEMENT AND PERFORMANCE**
We were able to provide a full schedule of eight Productions in 2021-22 following in from previous years which were severely impacted due to Covid.
The Youth Theatre was able to offer a full schedule of in-theatre classes in all three terms and held a showcase in the summer term. In addition, the Youth Theatre had their own Production held over 3 days (4 shows) in February 2022.
The Board is keen to make the Theatre's facilities available to the wider community when it is not required for our own activities. A wide range of Community or commercial groups use the theatre space, and we support this with volunteer staff where needed. We were able to provide 3 full performances for a wide range of local charities to use as part of their fund-raising activities.
WT has used professional 'fight training and intimacy co-ordinator' services for Productions where the Production has required it. We have also used professional Musical Director services for the Youth Theatre Production. We will continue to look to offer further training opportunities to members where budget allows and there is an identified need.
During the year the building development work for the Barn and associated work to the Theatre itself was completed, and this phase of our development project is now considered complete.
Page 1
## **WOKINGHAM THEATRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022**
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
Overall, the Theatre's policy is to identify its accumulated retained profit as a "building fund" to finance future enhancements to the property and its facilities.
The plans for building a Studio are still currently on hold as during the Pandemic our income took a hit, and much of our savings were invested in the Building Development project. We do still hope to proceed with the Studio project, once our reserves return back to somewhere near previous levels.
However, we do still foresee income being reduced with lower ticket sales than pre-pandemic levels. In addition, we are likely to see some financial headwinds with cost-of-living increases - especially with the cost of Electricity which will be a significant challenge in 2023-24 when our current fixed contract expires.
With no large capital project due to start soon, then we have not applied for grants, and so fundraising has been more limited again this year. Previous years included business grants linked to loss of income due to Covid, and so without those this year, the Theatre has received Gift Aid, Donations and Grants to the value of £7,279 during the year.
## **Reserves policy**
The Theatre has no outstanding loans or other financial commitments. Budgets are agreed by the Board at the start of the financial year - based on past expenditure and any planned variation from the norm. Through the monthly financial reporting, the Board is able to ensure that sufficient funds are available to meet anticipated spend.
## **FUTURE PLANS**
There are no plans to make fundamental changes to the Theatre's annual programme of activities or way of operating. The Board's policy is to maintain and build on our strong position in the community by offering a varied and challenging programme for our members and audiences and by making ourselves accessible to a broad spectrum of the local community.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
01933168 (England and Wales)
## **Registered Charity number**
292448
## **Registered office**
Twyford Road Wokingham Berkshire RG40 5TU
Page 2
**WOKINGHAM THEATRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022**
## **Trustees**
Mr B N Kellett (resigned 17.5.22) Ms S Daykin Mrs D Hogg Mr D A Stacey (resigned 30.7.22) Ms R J Tizzard Mr J C Radburn Mr S Joy Mr L White Mr N Goodhand Mr A P Long Mr T Joy (appointed 15.5.22) Mr A M P Tang (appointed 17.5.22) (resigned 16.9.22) Ms B Hampton (appointed 15.11.22) Mr J C Gold (appointed 15.11.22)
## **Company Secretary**
Ms S De Quidt
## **Auditors**
Vale & West Accountancy Services Limited Chartered Accountants Statutory Auditors Victoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG
## **THE COVID-19 PANDEMIC**
The theatre was able to re-open and to offer a full programme in 2021-22. Unfortunately, there is some reluctance from some patrons to return to the theatre yet, and we are still seeing audience levels below pre-Covid levels.
At the end of the financial year the Theatre had reserves of £773,367 and remains a going concern based upon Trustees forecasts.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Wokingham Theatre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Page 3
**WOKINGHAM THEATRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 3 January 2023 and signed on its behalf by:
Ms S De Quidt - Secretary
Page 4
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WOKINGHAM THEATRE**
## **Opinion**
We have audited the financial statements of Wokingham Theatre (the 'charitable company') for the year ended 31 August 2022 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 August 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 13 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Material uncertainty related to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 5
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WOKINGHAM THEATRE**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 6
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WOKINGHAM THEATRE**
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment,and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance; and
- enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
Page 7
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WOKINGHAM THEATRE**
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Lee Gardner FCA (Senior Statutory Auditor) for and on behalf of Vale & West Accountancy Services Limited Chartered Accountants Statutory Auditors Victoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG
6 February 2023
Page 8
## **WOKINGHAM THEATRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022**
|**31.8.22**
Unrestricted
Restricted
**Total**
fund
fund
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**7,279**
**-**
**7,279**
Other trading activities
4
**182,910**
**-**
**182,910**
Investment income
5
**310**
**-**
**310**
Other income
**2,100**
**-**
**2,100**
**Total**
**192,599**
**-**
**192,599**
**EXPENDITURE ON**
Raising funds
**55,216**
**-**
**55,216**
Other
**106,878**
**-**
**106,878**
**Total**
**162,094**
**-**
**162,094**
**NET INCOME/(EXPENDITURE)**
**30,505**
**-**
**30,505**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**742,862**
**-**
**742,862**
**TOTAL FUNDS CARRIED FORWARD**
**773,367**
**-**
**773,367**|31.8.21
Total
funds
£
28,733
19,765
321
440
49,259
39,143
87,435
126,578
(77,319)
820,181
742,862|
|---|---|
The notes form part of these financial statements
Page 9
## **WOKINGHAM THEATRE**
## **BALANCE SHEET 31 AUGUST 2022**
|Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds:
General fund
**TOTAL FUNDS**|Unrestricted
fund
£
**447,318**
**173,477**
**215,908**
**389,385**
**(63,336)**
**326,049**
**773,367**
**773,367**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**31.8.22**
**Total**
**funds**
**£**
**447,318**
**173,477**
**215,908**
**389,385**
**(63,336)**
**326,049**
**773,367**
**773,367**
**773,367**
**773,367**|31.8.21
Total
funds
£
287,071
279,115
236,167
515,282
(59,491)
455,791
742,862
742,862
742,862
742,862|
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 3 January 2023 and were signed on its behalf by:
Mr S Joy - Trustee
The notes form part of these financial statements
Page 10
**WOKINGHAM THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **1. STATUTORY INFORMATION**
Wokingham Theatre (Registered Company Number: 01933168) is an incorporated charity, limited by guarantee, registered in England and Wales. The company's registered office and principal place of business is Twyford Road, Wokingham, Berkshire, RG40 5TU.
The principal activity of the theatre is to promote the enjoyment of all aspects of theatre in the Wokingham area and to provide facilities and opportunities for its members to participate in such activities.
The presentation currency of the financial statements is the Pound Sterling (£).
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income received in advance of a theatrical performance is deferred until the criteria for income recognition are met.
## **Theatre show tickets**
Sales of tickets for the performances put on by the theatre are recognised on the SOFA when the performances have been completed. Prior to the performances, the revenue generated by the sale of tickets are accounted for as deferred income.
## **Membership donations**
Membership donations are recognised when the donations have been received by the theatre.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliable by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Government grants**
Government grants are recognised in the income and expenditure account so as to match them with expenditure they are intended to contribute. To the extent that a grant is made as a contribution towards expenditure on a fixed asset, the grant is deferred and written off to match the amortisation charge of the fixed asset.
continued...
Page 11
**WOKINGHAM THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## **2. ACCOUNTING POLICIES - continued**
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise the costs of charitable activities including the costs of performances, room hire, and other activities undertaken to further the purposes of the charity and their associated support costs.
- Other expenditure represents items not falling into any other heading.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Tangible fixed assets held for the charities own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:
|Short leasehold|- 2% on cost|
|---|---|
|Fixtures and fittings|- 15% on cost|
|Computer equipment|- Straight line over 3 years|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts.
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
continued...
Page 12
**WOKINGHAM THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## **2. ACCOUNTING POLICIES - continued**
## **Going concern**
Based upon a review of recent trading results, coupled with forecasts prepared on behalf of the Board, the trustees have an expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.
## **3. DONATIONS AND LEGACIES**
## **4.**
|Sponsorship
Donations
Grants
Grants received, included in the above, are as follows:
Other grants
**OTHER TRADING ACTIVITIES**
Membership subscriptions
Ticket sales - box office
Programme sales
Theatre hire charges
Youth group income
Raffle receipts
Box office - refunds|**31.8.22**
**£**
**2,350**
**2,262**
**2,667**
**7,279**
**31.8.22**
**£**
**2,667**
**31.8.22**
**£**
**4,750**
**135,512**
**2,183**
**18,606**
**18,516**
**3,343**
**-**
**182,910**||31.8.21
£
-
9,399
19,334
28,733
31.8.21
£
19,334
31.8.21
£
3,605
15,440
-
1,372
17,626
-
(18,278)
19,765|
|---|---|---|---|
|||||
continued...
Page 13
## **WOKINGHAM THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## **5. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||**31.8.22**|31.8.21|
||**£**|£|
|Deposit account interest|**310**|321|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||**31.8.22**|31.8.21|
||**£**|£|
|Other non-audit services|**-**|1,320|
|Depreciation - owned assets|**42,264**|37,008|
|Auditors' remuneration|**4,602**|6,587|
## **6. NET INCOME/(EXPENDITURE)**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
## **Trustees' expenses**
During the year, total expenses of £23,993 (2021: £19,463) were paid to the trustees in respect of materials purchased in respect of theatrical productions. The number of trustees who received payments from the charity totalled 8 (2021: 8).
## **8. TANGIBLE FIXED ASSETS**
|**COST**
At 1 September 2021
Additions
At 31 August 2022
**DEPRECIATION**
At 1 September 2021
Charge for year
At 31 August 2022
**NET BOOK VALUE**
At 31 August 2022
At 31 August 2021|Short
leasehold
£
**372,558**
**179,836**
**552,394**
**210,880**
**14,644**
**225,524**
**326,870**
161,678|Fixtures
and
fittings
£
**429,825**
**20,760**
**450,585**
**305,490**
**26,756**
**332,246**
**118,339**
124,335|Computer
equipment
Totals
£
£
**32,962**
**835,345**
**1,915**
**202,511**
**34,877**
**1,037,856**
**31,904**
**548,274**
**864**
**42,264**
**32,768**
**590,538**
**2,109**
**447,318**
1,058
287,071|Totals
£
**835,345**
**202,511**|
|---|---|---|---|---|
|||||**548,274**
**42,264**|
|||||**590,538**|
|||||**447,318**|
|||||287,071|
continued...
Page 14
## **WOKINGHAM THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
|**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued expenses
Deferred season tickets
Deferred box office
**11.**
**MOVEMENT IN FUNDS**
At 1.9.21
£
**Unrestricted funds**
General fund
**742,862**
**TOTAL FUNDS**
**742,862**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**192,599**
**TOTAL FUNDS**
**192,599**|**31.8.22**
31.8.21
**£**
£
**15,041**
400
**158,436**
278,715
**173,477**
279,115
**31.8.22**
31.8.21
**£**
£
**1,455**
421
**7,263**
6,327
**28**
2,245
**54,590**
50,498
**63,336**
59,491
Net
movement
At
in funds
31.8.22
£
£
**30,505**
**773,367**
**30,505**
**773,367**
Resources
Movement
expended
in funds
£
£
**(162,094)**
**30,505**
**(162,094)**
**30,505**|
|---|---|
Page 15
continued...
## **WOKINGHAM THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
Comparative net movement in funds, included
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1.9.20
in funds
£
£
805,181
(77,319)
15,000
-
820,181
(77,319)
in the above are as follows:
Incoming
resources
£
49,259
49,259|Transfers
between
At
funds
31.8.21
£
£
15,000
742,862
(15,000)
-
-
742,862
Resources
Movement
expended
in funds
£
£
(126,578)
(77,319)
(126,578)
(77,319)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.9.20
£
805,181
15,000
820,181|Net
movement
in funds
£
(46,814)
-
(46,814)|Transfers
between
funds
£
15,000
(15,000)
-|At
31.8.22
£
773,367
-|
|---|---|---|---|---|
|||||773,367|
Page 16
continued...
## **WOKINGHAM THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
241,858
241,858|Resources
Movement
expended
in funds
£
£
(288,672)
(46,814)
(288,672)
(46,814)|
|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2022.
## **13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES**
In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.
Page 17
## **WOKINGHAM THEATRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Sponsorship
Donations
Grants
**Other trading activities**
Membership subscriptions
Ticket sales - box office
Programme sales
Theatre hire charges
Youth group income
Raffle receipts
Box office - refunds
**Investment income**
Deposit account interest
**Other income**
Miscellaneous income
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Productions
Royalties & scripts
Room hire
Technical costs
Youth group expenditure
Box office expenses
Credit card charges
**Support costs**
**Management**
Rent, rates & water
Carried forward|31.8.22
£
**2,350**
**2,262**
**2,667**
**7,279**
**4,750**
**135,512**
**2,183**
**18,606**
**18,516**
**3,343**
**-**
**182,910**
**310**
**2,100**
**192,599**
**8,730**
**7,855**
**1,611**
**9,359**
**18,143**
**7,890**
**1,628**
**55,216**
**7,294**
**7,294**|31.8.21
£
-
9,399
19,334
28,733
3,605
15,440
-
1,372
17,626
-
(18,278)
19,765
321
440
49,259
240
1,085
96
18,448
15,239
3,099
936
39,143
5,968
5,968|
|---|---|---|
This page does not form part of the statutory financial statements
Page 18
## **WOKINGHAM THEATRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022**
|**Management**
Brought forward
Insurance
Light and heat
Telephone
Printing & stationery
Publicity
Sundries
Postage
Photocopying
Licences, fees etc
Maintenance & renewals
Cleaning of premises
**Depreciation**
Short leasehold
Fixtures and fittings
Computer equipment
**Governance costs**
Auditors' remuneration for non audit work
Auditors remuneration
Total resources expended
**Net income/(expenditure)**|31.8.22
£
**7,294**
**3,828**
**16,840**
**1,262**
**174**
**5,370**
**9,972**
**80**
**672**
**706**
**7,226**
**6,588**
**60,012**
**14,644**
**26,756**
**864**
**42,264**
**-**
**4,602**
**4,602**
**162,094**
**30,505**|31.8.21
£
5,968
3,676
9,881
936
20
4,406
4,159
126
1,657
772
4,284
6,631
42,516
7,451
24,455
5,106
37,012
1,320
6,587
7,907
126,578
(77,319)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 19