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|---|---|---|---|---|
|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
of cash flows||||13|
|Notes to the financial|statements|||14-26|
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||||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2022|2022|2022|2021|
|||||Note|5|F|5|F|
|Income from:|||||||||
|Donations
and legacies||||4|1,060,335||1,060,335|4,560,644|
|Investments||||5|10,386|419,591|429,977|465,367|
|Total income|||||1,070,721|419,591|1,490,312|5,026,011|
|Expenditure
on:|||||||||
|Raising funds||||6||342,258|342,258|288,988|
|Charitable
activities||||7|1,818,805|499,826|2,318,631|3,660,637|
|Total expenditure|||||1,818,805|842,084|2,660,889|3,949,625|
|Net (expenditure)/income||before net|||||||
|(losses)/gains
on|investments||||(748,084)|(422,493)|(1,170,577)|1,076,386|
|Realised gains/(losses)
on||investments|||(253)|512,885|512,632|516,165|
|Net movement
in|funds before other||||||||
|recognised
gains/(losses)|||||(748,337)|90,392|(657,945)|1,592,551|
|Other recognised|gains/(losses):||||||||
|(Losses)/gains
on|revaluation||offixed||||||
|asset investments|||||(24,012)|(2,642,454)|(2,666,466)|674,302|
|Net movement
in|funds||||(772,349)|(2,552,062)|(3,324,411)|2,266,853|
|Reconciliation
of|funds:||||||||
|Total funds brought|forward||||1,648,630|5,474,794|7,123,424|4,856,571|
|Net movement
in funds|||||(772,349)|(2,552,062)|(3,324,411)|2,266,853|
|Total funds carried forward||||13|876,281|2,922,732|3,799,013|7,123,424|
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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||Note||F||F|
|Fixed assets|||||||||
|Investments||||10||14,560,483||16,917,859|
|||||||14,560,483||16,917,859|
|Current assets|||||||||
|Debtors|||||421||403||
|Cash at bank|and|in hand|||713,525||1,525,456||
||||||713,946||1,525,859||
|Creditors: amounts||falling|due within one||||||
|year||||12|(11,475,416)||(11,320,294)||
|Net current|liabilities|||||(10,761,470)||(9,794,435)|
|Total assets|less|current|liabilities|||3,799,013||7,123,424|
|Total net assets||||||3,799,013||7,123,424|
|Charity funds|||||||||
|Restricted
funds||||13||876,281||1,648,630|
|Unrestricted|funds|||13||2,922,732||5,474,794|
|Total funds||||||3,799,013||7,123,424|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Note|5|F|
|Cash flows from operating
activities||||||
|Net cash|used
in operating
activities||15|(1 445 450)|744 127|
|Cash flows from investing
activities||||||
|Dividends,|interests
and rents from investments|||429,977|465,367|
|Proceeds|from sale of investments|||2,879,570|2,908,153|
|Purchase|of investments|||(2,671,844)|(3,056,697)|
|Net cash|provided
by investing
activities|||637,703|316,823|
|Change|in cash and cash equivalents
in|the year||(807,747)|1,060,950|
|Cash and|cash equivalents
at the beginning|ofthe year||1,773,457|712,507|
|Cash and cash equivalents
at the end of||the year|16|965,710|1,773,457|
|The notes on pages 14to 26 form part ofthese financial statements||||||
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022|2022|2021|
||8|F|F|F|
|Donations|1,060,335||1,060,335|4,560,644|
|Total 2021|4,549,788|10,856|4,560,644||
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022
8|2022|2022f|2021|
|Dividends|and interest receivable|from listed|||||
|investments|||10,386|419,580|429,966|465,367|
|Bank interest receivable||||11|11||
||||10,386|419,591|429,977|465,367|
|Total 2021|||13,806|451,561|465,367||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022f|2022
F|2021|
|Loan interest||payable||278,750|278,750|223,000|
|Investment|management||charges|63,508|63,508|65,988|
|||||342,258|342,258|288,988|
|Total 2021||||288,988|288,988||
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|||Activities|||
|---|---|---|---|---|
|||undertaken|Total|Total|
|||directly|funds|funds|
|||2022|2022|2021|
|Charitable
activities||2,318,631|2,318,631|3,660,637|
|Total 2021||3,660,637|3,660,637||
|Analysis
ofdirect costs|||||
|||Charitable|Total|Total|
|||activities|funds|funds|
|||2022|2022|2021|
|||F|F|F|
|Theatre Artist|Fund grants|1,671,000|1,671,000|3,163,500|
|Olivier bursaries||68,873|68,873||
|Grants to institutions||451,902|451,902|469,946|
|Theatre Artists|Fund costs|8,851|8,851|25,335|
|Miscellaneous|expenses|3,200|3,200|1,856|
|Theatre Artists|Fund placements|114,805|114,805||
|||2,318,631|2,318,631|3,660,637|
|Total 2021||3,660,637|3,660,637||
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||F|5|
|Go Live|Theatre Proiects||||||50,000|25,000|
|Theatre|Investment
Fund|Limited|(I/a Stage One)||||97,326|97,239|
|UK Theatre Association|||||||80,000|80,000|
|National|Student
Drama Festival||||||25,000|25,000|
|Society|of London Theatre|- Workforce||Training|& Development||116,631|60,784|
|Society|of London Theatre|- Access London Theatre|||||420|3,200|
|Parents|in Performing
Arts|||||||2,000|
|UK Theatre Association —Theatre|||Support Line||||16,464|17,947|
|Society|of London Theatre|- Back|on Stage / See it Safely||||45,639|114,447|
|Council|for Dance and Musical Theatre||||||3,284|3,236|
|UK Theatre Association —Subscription||||Support||||33,115|
|Parents|in Performing
Arts|—Remote Working|||Toolkit|||7,500|
|Writers'|Guild ofGreat Britain —New Play Commission|||||Scheme|10,000||
|Dancers|Career Development||||||6,000||
|Other Grants to Institutions|||||||1,138|478|
||||||||451,902|469,946|
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|||Listed|Other||
|---|---|---|---|---|
|||investments|investments|Total|
||||6|F|
||Cost or valuation||||
||At 1 January 2022
Additions|16,669,858
2,671,844|248,001
(2,671,844)|16,917,859|
||Transfers
out
Disposals|(2,879,570)|(570,000)
2,879,570|(570,000)|
||I oss on revaluations
Profit on disposal|(2,666,466)
512,632||(2,666,466)
512,632|
||Management
charges||(63,508)|(63,508)|
||Investment
income reinvested||429,966|429,966|
||At 31 December 2022|14,308,298|252,185|14,560,483|
||Net book value||||
||At 31 December 2022|14,308,298|252,185|14,560,483|
||At 31 December 2021|16,669,858|248,001|16,917,859|
|11.|Debtors||||
||||2022|2021|
||||6||
||Due within one year||||
||Prepayments
and accrued income||421|403|
||||421|403|
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|||2022
6|2021f|
|---|---|---|---|
|Other creditors||11,176,634|11,282,691|
|Accruals and deferred|income|298,782|37,603|
|||11,475,416|11,320,294|
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at 1||||31|
||||January|||Gains/|December|
||||2022f|Income
F|Expenditure|(Losses)|2022
6|
|Unrestricted
funds||||||||
|General|Funds|- all funds|5,474,794|419,591|(842,084)|(2,129,569)|2,922,732|
|Restricted funds||||||||
|The Sir Peter and Lady||||||||
|Saunders|Olivier Bursary Fund||297,819|10,386|(10,000)|(24,265)|273,940|
|Theatre|Artists|Fund|1,350,811|844 024|(1 671 000)||523,835|
|Theatre|Artists|Fund||||||
|Placements||||193,311|(114,805)||78,506|
|Olivier bursary||||23,000|(23,000)|||
||||1,648,630|1,070,721|(1,818,805)|(24,265)|876,281|
|Total of|funds||7,123,424|1,490,312|(2,660,889)|(2,153,834)|3,799,013|
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||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at||||31|
||||1 January|||Gains/|December|
||||2021|Income|Expenditure|(Losses)|2021|
|||||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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||Analysis|of net ass|ets|betwe|en
f|unds -|cur|re|nt y|ear||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Restricted|Unrestricted|Total|
||||||||||||funds|funds|funds|
||||||||||||2022|2022|2022|
|||||||||||||6|6|
||Fixed asset investments||||||||||283,940|14,276,543|14,560,483|
||Current assets||||||||||592,341|121,605|713,946|
||Creditors|due within|one|year||||||||(11,475,416)|(11,475,416)|
||Total||||||||||876,281|2,922,732|3,799,013|
||Analysis|ofnet assets between funds - prior|||||||year|||||
||||||||||||Restricted|Unrestricted|Total|
||||||||||||funds|funds|funds|
||||||||||||2021|2021|2021|
||||||||||||6|F|6|
||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|
|15.|Reconciliation
of net movement|||||in funds to|||net|cash flow|from operating|activities||
|||||||||||||2022|2021|
||||||||||||||F|
||Net
income/expenditure|||for|the|year|(as||per|Statement|of Financial|||
||Activities)|||||||||||(657,945)|1,592,551|
||Adjustments
for:|||||||||||||
||Dividends,|interests|and|rents|from investments|||||||(429,977)|(465,367)|
||Profit on the sale of||fixed assets|||||||||(512,632)|(516,165)|
||Increase|in debtors||||||||||(18)|(403)|
||Increase|in creditors||||||||||155,122|133,511|
||Net cash|provided|by/(used||in) operating|||activities||||(1,445,450)|744,127|
##
||||2022|2021|
|---|---|---|---|---|
|Cash
Cash|in hand
held by investment|managers|713,525
252,185|1,525,456
248,001|
|Total|cash and cash equivalents||965,710|1,773,457|
##
||||||||||At 31|
|---|---|---|---|---|---|---|---|---|---|
|||||||At|1 January||December|
||||||||2022
f|Cash flows|2022f|
|Cash|at|bank|and|in|hand||1,525,456|(811,931)|713,525|
||||||||1,525,456|(811,931)|713,525|
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