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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe company,|its Trustees and advisers|1-2|
|Trustees'
report||||3-6|
|Independent
auditors'|report|on the financial statements||7-10|
|Statement offinancial|activities||||
|Balance sheet||||12|
|Statement
ofcash flows||||13|
|Notes to the financial|statements|||14-26|
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|Trustees|Trustees|||Nicholas
Allott OBE|Nicholas
Allott OBE|Nicholas
Allott OBE|
|---|---|---|---|---|---|---|
|||||Kathryn
Bennett|||
|||||Kate Booth (resigned 31 March 2022)|||
|||||Lounica Burns OBE (resigned 29 December 2021)|||
|||||Jonathan
Church|OBE||
|||||Lucy Davies|||
|||||Alexander
Gavin|||
|||||Patrick Gracey (appointed
15December 2021)|||
|||||Niove Janis|||
|||||Rebecca Kane Burton (resigned 6 September 2021)|||
|||||Eleanor Lloyd|||
|||||Catherine
Mallyon||(resigned 29 December 2021)|
|||||Jeremy Meadow|(resigned 29 December 2021)||
|||||Patrick Murphy|||
|||||Dafydd Rogers|||
|||||Edward Snape|||
|||||Adam Speers (resigned 29 December 2021)|||
|||||Dame Rosemary|Squire||
|||||Kenneth Wax|||
|Company||registered|||||
|number||||01928541|||
|Charity|registered||||||
|number||||292559|||
|Registered|||office|32 Rose Street|||
|||||London|||
|||||WC2E 9ET|||
|Independent|||auditors|Nyman
Libson Paul||LLP|
|||||Chartered
Accountants|||
|||||124 Finchley Road|||
|||||London|||
|||||NW3 5JS|||
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|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2021
f|2021
f|2021f|2020f|
|Income from:||||||||
|Donations
and legacies|||4|4,549,788|10,856|4,560,644|4,604,285|
|Investments|||5|13,806|451,561|465,367|467,987|
|Total income||||4,563,594|462,417|5,026,011|5,072,272|
|Expenditure
on:||||||||
|Raising funds|||6||288,988|288,988|62,218|
|Charitable
activities|||7|3,163,500|497,137|3,660,637|4,956,972|
|Totai expenditure||||3,163,500|786,125|3,949,625|5,019,190|
|Net Income/(expenditure)||before net||||||
|(losses)/gains
on|investments|||1,400,094|(323,708)|1,076,386|53,082|
|Realised losses on|investments|||(4,398)|520,563|516,165|(157,446)|
|Net movement
in funds before other||||||||
|recognised
gains/(losses)||||1,395,696|196,855|1,592,551|(104,364)|
|Other recognised|gains/(losses):|||||||
|(Losses)/gains
on revaluation||offixed||||||
|asset investments||||(11,488)|685,790|674,302|(13,550)|
|Net movement
in funds||||1,384,208|882,645|2,266,853|(117,914)|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||264,422|4,592,149|4,856,571|4,974,485|
|Net movement
in funds||||1,384,208|882,645|2,266,853|(117,914)|
|Total funds carried|forward|||1,648,630|5,474,794|7,123,424|4,856,571|
||||BALANCE SHEET|BALANCE SHEET|||
|---|---|---|---|---|---|---|
||||AS AT 31|DECEMBER 2021|||
||||Note|2021f||2020f|
|Fixed assets|||||||
|Investments|||10|16,917,859||15,878,013|
|||||16,917,859||15,878,013|
|Current assets|||||||
|Debtors||||403|||
|Cash at bank|and|in hand||1,525,456|165,341||
|||||1,525,859|165,341||
|Creditors: amounts||falling due within one|||||
|year|||12|(11,320,294)|(11,186,783)||
|Net current|liabilities|||(9,794,435)||(11,021,442)|
|Total assets|less|current liabilities||7,123,424||4,856,571|
|Total net assets||||7,123,424||4,856,571|
|Charity funds|||||||
|Restricted funds|||13|1,648,630||264,422|
|Unrestricted|funds||13|5,474,794||4,592,149|
|Total funds||||7,123,424||4,856,571|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|E||
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities|||15|744,127|(519,834)|
|Cash flows from investing|activities||||||
|Dividends,
interests
and rents from investments|||||465,367|467,987|
|Proceeds from sale of investments|||||2,908,153|2,265,135|
|Purchase of investments|||||(3,056,697)|(2,073,258)|
|Net cash provided
by investing
activities|||||316,823|659,864|
|Change
in cash and cash|equivalents
in|the year|||1,060,950|140,030|
|Cash and cash equivalents|at the beginning|of the year|||712,507|572,477|
|Cash and cash equivalents|at the end of|the year||16|1,773,457|712,507|
|The notes on pages 14to 26 form part ofthese financial|||statements||||
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
|||E|f.||
|Donations|4,549,788|10,856|4,560,644|4,604,285|
|Total 2020|4,593,523|10,762|4,604,285||
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||||||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|funds|
||||||||2021|2021|2021|2020|
|||||||||E|E||
||Dividends|and interest receivable||||from listed|||||
||investments||||||13,806|451,561|465,367|467,504|
||Bank interest receivable|||||||||483|
||||||||13,806|451,561|465,367|467,987|
||Total 2020||||||12,723|455,264|467,987||
|6.|Expenditure||on raising|funds|||||||
||Costs of raising voluntary||||income||||||
|||||||||Unrestricted|Total|Total|
|||||||||funds|funds|funds|
|||||||||2021|2021|2020|
||||||||||E||
||Loan interest payable|||||||223,000|223,000||
||Investment||management|costs||||65,988|65,988|62,218|
|||||||||288,988|288,988|62,218|
||Total 2020|||||||62,218|62,218||
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||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Total|Total|
||||directly|funds|funds|
||||2021|2021f|2020f|
|Charitable|activities||3,660,637|3,660,637|4,956,972|
|Total 2020|||4,956,972|4,956,972||
|Analysis ofdirect costs||||||
||||Charitable|Total|Total|
||||activities|funds|funds|
||||2021|2021|2020f|
|Theatre Artist||Fund grants|3,163,500|3,163,500|4,629,000|
|Grants to institutions|||469,946|469,946|288,007|
|COVID research|||||12,400|
|Theatre Artists Fund costs|||25,335|25,335|26,913|
|Miscellaneous||expenses|648|648|532|
|Governance|costs||1,208|1,208|120|
||||3,660,637|3,660,637|4,956,972|
|Total2020|||4,956,972|4,956,972||
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||||2021|2020|
|---|---|---|---|---|
|Mousetrap
Theatre Projects|||25,000|25,000|
|Theatre Investment
Fund|Limited|(t/a Stage One)|97,239|13,012|
|UK Theatre Association|||80,000|80,000|
|Theatres Trust||||25,000|
|National
Student
Drama|Festival||25,000|25,000|
|Diversity
in Casting|||228|3,006|
|Workforce Training 8 Development|||60,784|76,712|
|Access London Theatre|||3,200|6,217|
|Parents
in Performing
Arts|||2,000|1,000|
|Theatre
Helpline|||17,947|23,701|
|Back on Stage / See it Safely|||114,447|6,123|
|Council for Dance and Musical Theatre|||3,236|3,236|
|UK Theatre Subscription|Support||33,115||
|Remote Working
Toolkit|||7,500||
|Other Grants to Institutions|||250||
||||469,946|288,007|
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|||Listed|Other||
|---|---|---|---|---|
|||investments|investments|Total|
|||F|E|F|
||Cost or valuation||||
||At 1 January 2021|15,330,847|547,166|15,878,013|
||Additions|3,056,697|(3,056,697)||
||Transfers
out||(550,000)|(550,000)|
||Disposals|(2,908,153)|2,908,153||
||Gain on revaluations|674,302||674,302|
||Profit on disposal|516,165||516,165|
||Management
charges||(65,988)|(65,988)|
||Investment
income reinvested||465,367|465,367|
||At 31 December 2021|16,669,858|248,001|16,917,859|
||Net book value||||
||At 31 December 2021|16,669,858|248,001|16,917,859|
||At 31 December 2020|15,330,847|547,166|15,878,013|
|11.|Debtors||||
||||2021|2020|
||Due within one year||||
||Prepayments
and accrued income||403||
||||403||
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|||2021|2020|
|---|---|---|---|
|||E|F|
|Other creditors||11,282,691|11,174,836|
|Accruals and deferred|income|37,603|11,947|
|||11,320,294|11,186,783|
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1||||31|
|||||January|||Gains/|December|
|||||2021|Income|Expenditure|(Losses)|2021|
||||||P|F|||
|Unrestricted||funds|||||||
|General|Funds|||4,592,149|462,417|(786,125)|1,206,353|5,474,794|
|Restricted funds|||||||||
|The Sir Peter||and Lady|||||||
|Saunders|Olivier Bursary||Fund|299,899|13,806||(15,886)|297,819|
|Theatre Artists||Fund||(35,477)|4,549,788|(3,163,500)||1,350,811|
|||||264,422|4,563,594|(3,163,500)|(15,886)|1,648,630|
|Total of|funds|||4,856,571|5,026,011|(3,949,625)|1,190,467|7,123,424|
##
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|Stateme|nt of|funds - prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at||||31|
||||1 January|||Gains/|December|
||||2020|income|Expenditure|(Losses)|2020|
||||||F||F|
|Unrestricted||funds||||||
|General|Funds||4,684,173|466,026|(390,190)|(167,860)|4,592,149|
|Restricted funds||||||||
|The Sir Peter and Lady||||||||
|Saunders|Olivier Bursary Fund||290,312|12,723||(3,136)|299,899|
|Theatre Artists||Fund||4,593,523|(4,629,000)||(35,477)|
||||290,312|4,606,246|(4,629,000)|(3,136)|264,422|
|Total of|funds||4,974,485|5,072,272|(5,019,190)|(170,996)|4,856,571|
|Analysis|of net assets between funds - curre|nt year|||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||F|E|E|
|Fixed asset investments||297,819|16,620,040|16,917,859|
|Current|assets|1,350,811|175,048|1,525,859|
|Creditors|due within one year||(11,320,294)|(11,320,294)|
|Total||1,648,630|5,474,794|7,123,424|
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||Restricted|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2020|
|||F|E|
|Fixed asset investments|264,422|15,613,591|15,878,013|
|Current assets||165,341|165,341|
|Creditors due within one year||(11,186,783)|(11,186,?83)|
|Total|264,422|4,592,149|4,856,571|
##
|15.|Reconcili|ation
of|net movem|ent|in fun|ds|to ne|t cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021|2020|
|||||||||||F||
||Net
income/expenditure
for|||the|year|(as|per|Statement|of Financial|||
||Activities)|||||||||1,592,551|(104,364)|
||Adjustments
for:|||||||||||
||Dividends,|interests|and rents|from|investments|||||(465,367)|(467,987)|
||Loss/(profit)
on the||sale offixed assets|||||||(516,165)|157,446|
||Increase|in debtors||||||||(403)||
||increase/(decrease)||in creditors|||||||133,511|(104,929)|
||Net cash|provided|by/(used|in) operating|||activities|||744,127|(519,834)|
|16.|Analysis|ofcash and cash equivalents||||||||||
||||2021|2020|
|---|---|---|---|---|
|Cash|in hand||1,525,456|165,341|
|Cash|held by investment|managers|248,001|547,166|
|Total|cash and cash equivalents||1,773,457|712,507|
##
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|||||||||||At 31|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||At|1|January||December|
|||||||||2021|Cash flows|2021|
|||||||||||E|
|Cash|at|bank|and|in|hand|||165,341|1,360,115|1,525,456|
|||||||||165,341|1,360,115|1,525,456|
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