2021-03-31-accounts - Eastern Angles Theatre Company Limited

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	Page
Report ofthe Trustees	1 to11
Independent Examiner's Report	12
Statement of Financial Activities	13
Balance Sheet	14 to 15
Cash Flow Statement
Notes to the Cash Flow Statement	17
Notes to the Financial Statements	18 to 30
Detailed Statement of Financial Activities	31 to 32

for the Year Ended 31 March 20	21
					31.3.21	31.3.20
			Unrestricted	Restricted	Total	Total
		Notes	funds 6	funds 6	funds 6	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	456,963	22,500	479,463	366,063
Charitable activities
Artistic Programme			4		4
Education and Outreach			1,225		1,225
Trading operations - Raising Funds			(96)		(96)	254,627
investment income			182		182	313
Other income						38,628
Total			458,278	22,500	480,778	659,631
EXPENDITURE ON
Charitable activities
Artistic Programme			362,942	16,310	379,252	684,152
Trading operations - Raising Funds			2,235		2,235	9,508
Other			~5342		5,342
Total			370,519	16,310	386,829	693,660
NET INCOME/(EXPENDITURE)			87,759	6,190	93,949	(34,029)
RECONCILIATION OF FUNDS
Total funds brought forward			336,692		336,692	370,721
TOTAL FUNDS CARRIED FORWARD			424,451	6,190	430,641	336,692

331ecceSheel ~31 M rch 20 1
		31.3.21	31.3.20
	Notes	E	F
FIXEDASSETS
Intangible assets	11	99,000
Tangible assets	12	57,301	71,746
Investments	13	1	1
		156,302	71,747
CURRENT ASSETS
Debtors	14	40,545	105,206
Cash at bank and in hand		402,722	241,513
		443,267	346,719
CREDITORS
Amounts falling due within one year	15	(168,928)	(81,774)
NET CURRENT ASSETS		274,339	264,945
TOTAL ASSETSLESSCURRENT
LIABILITIES		430,641	336,692
NET ASSETS		430.641	336.692
FUNDS	17
Unrestricted funds Restricted funds		424,451 ~6190	336,692
TOTAL FUNDS		430,641	336,692

Cash Flow Statement
for he Year Ended 31 March	2021
		31.3.21	31.3.20
	Notes	F
Cash flows from operating	activities
Cash generated from operations 1 Tax paid		125,735 ~65292	33,732 ~4075
Net cash provided by operating activities		~191027	29,657
Cash flows from investing	activities
Purchase ofintangible fixed	assets	(30,000)
Purchase oftangible fixed assets			(16,300)
Interest received		182	313
Net cash used in investing activities		~29,818)	~15,987)
Change in cash and cash
equivalents in the reporting	period	161,209	13,670
Cash and cash equivalents	atthe
beginning ofthe reporting	period	~241 513	227,843
Cash and cash equivalents	at the
end ofthe reporting period		402,722	241,513

				31.3.21 f	31.3.20 6
Net income/(expenditure)		forthe reporting	period (as per
the Statement ofFinancial Adjustments for:		Activities)		93,949	(34,029)
Depreciation charges				15,445	18,341
Interest received				(182)	(313)
Theatre tax relief					35,094
(Increase)/decrease	in debtors			(631)	8,056
Increase in creditors				17,154	6,583
Net cash provided	by operations			125,735	33,732

ANALYSIS OF CHANGES
	At 1.4.20	Cash flow	At31.3.21
	F	E	E
Net cash
Cash at bank and in hand	241,513	161,209	~402 722
	241,513	161,209	402,722
Total	241,513	161,209	402,722

Leasehold improvements	10%- 20%	straight	line
Office Equipment	10%- 25%	straight	line
LXand Sound Equipment	10%straight	line
Computer Equipment	25%straight	line
Seating	10%straight	line
Motor Vehicles	25%straight	line
Site Equipment	10%straight	line

DONATIONS AND LEGACIES
	31.3.21 f	31.3.20 f
Donations	16,203	23,898
Grants	462,055	340,882
Friends and Companions	1,205	1,283
	479,463	366,063

	Grants received, included in the above	, are as follows:
			31.3.21 f	31.3.20 E
	Arts Council England East		224,457	220,832
	Suffolk County Council		21,420	21,000
	Norfolk County Council			500
	Ipswich Borough Council - Revenue grant		7,500	9,375
	Mid Suffolk District Council		900	900
	Babergh District Council		400	400
	Esmee Fairbum Trust 08 H Hampton		12,000	20,000 23,779
	New Heritage Solutions/NLHF			22,596
	Viridor			6,000
	Ganzoni Trust			2,500
	Matthew Linley Creative Projects/Arts	Council Project Grants		13,000
	HMRC - Coronavirus Job Retention Scheme		90,673
	Garrick charitable re Patient Light T&F		2,200
	LEP grant re Gatacre Dev &Covid recovery		12,500
	Heritage Fund re Gatacre Dev &Covid recovery		10,000
	Peterborough City Council Covid grants		20,241
	Esmee Fairbum Trust Covid grant		10,000
	Ipswich Borough Council Covid grants		39,857
	East Suffolk Council Covid Grant		9,907
			462,055	340,882
3.	INVESTMENT INCOME
			31.3.21 f	31.3.20
	Interest receivable - trading		182	313

						31.3.21	31.3.20
			Activity			E
	Programme	and
	refreshment	sale	Artistic Programme
	Fees and box of8ce
	receipts		Education and Outreach			1,225
	Fees and box office
	receipts		Trading operations	- Raising	Funds	(96)	212,022
	Hiring		Trading operations	- Raising	Funds		15,680
	Programme	and
	refreshment	sale	Trading operations	—Raising	Funds		19,562
	Letting (SJM)		Trading operations	- Raising	Funds		7,363
						1,133	254,627
5.	CHARITABLE ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs f	note 6) f	Totals E
	Artistic Programme				76,236	303,016	379,252
	Trading operations - Raising
	Funds				2,235		2,235
					78,471	303,016 Governance	381,487
6.	SUPPORT	COSTS
					Management	costs	Totals
						E
	Other resources expended				1,000	4,342	5,342
	Artistic Programme				286,725	16,291	303,016
					287,725	20,633	308,358

	31.3.21	31.3.20
Depreciation - owned assets	14,445	18,341
LTLease amortisation	~1000

STAFFCOSTS
	31.3.21	31.3.20
Wages and salaries	218,446	228,966
Social security costs	12,616	14,494
Other pension costs	12,759	13,258
	243,821	256,718

ws:
31.3.21	31.3.20
10	11

INTANGIBLE FIXEDASSETS
	LTLease
	F
COST
Additions	100,000
AMORTISATION
Charge for year	1,000
NET BOOK VALUE
At 31 March 2021	99,000
At 31 March 2020

TANGIBLE FIXEDASSETS
				LX &
	Leasehold	Site		Sound
	improvements f	Equipment f	Seating f	Equipment f
COST
At 1 April 2020 and 31 March 2021	19,237	38,206	59,292	59,761
DEPRECIATION
At 1 April 2020	19,037	16,851	55,119	29,025
Charge for year	200	3,734	1,029	5,407
At 31 March 2021	19,237	20,585	56,148	34,432
NET BOOK VALUE
At 31 March 2021		17,621	3,144	25,329
At 31 March 2020	200	21,355	4,173	30,736

for th	e Year Ended 31 March 2021	e Year Ended 31 March 2021
12.	TANGIBLE FIXEDASSETS - continued
			Office	Motor	Computer
			Equipment	vehicles	equipment	Totals
			6	R		6
	COST
	At 1 April 2020 and 31 March 2021		15,647	39,423	~34 785	266,351
	DEPRECIATION
	At 1 April 2020		15,647	24,141	34.785	194,605
	Charge for year			4,075	-	14,445
	At 31 March 2021		15,647	28,216	34,785	209,050
	NET BOOK VALUE
	At 31 March 2021			11,207		57,301
	At 31 March 2020			15,282		71,746
13.	FIXEDASSET INVESTMENTS
						Unlisted
						investments f
	MARKET VALUE
	At 1 April 2020 and 31 March 2021
	NET BOOK VALUE
	At 31 March 2021					1
	At 31 March 2020					1
	There were no investment	assets outside	the UK.
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE			YEAR
					31.3.21	31.3.20
						F
	Trade debtors				33,147	29,340
	Other debtors				4,300	5,975
	Tax				7	65,299
	Prepayments and accrued	income			3,091	4,592
					40,545	105,206

CREDIT	ORS: AMOUNTS FALLING DUE	WITHIN ON	E YEAR
				31.3.21 f	31.3.20 f
Trade creditors				38,132	11,310
Amounts	owed to group undertakings			1	1
Social security and other taxes				4,218	4,147
VAT				10,365	27,415
Other creditors					6,159
Accruals				78,087	19,306
Deferred	income			38,125	13,436
				168,928	81,774
ANALYSIS OF NET ASSETSBETWEEN		FUNDS
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		F	E	6
Fixed assets		156,301		156,301	71,746
Investments		1		1	1
Current	assets	437,077	6,190	443,267	346,719
Current	liabilities	~168,928)		{168,928)	~81,774)
		424,451	6,190	430,641	336,692

for th	e Year Ended 31 March 2021	e Year Ended 31 March 2021
17.	MOVEMENT IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.4.20 f	in funds f	funds f	31.3.21
	Unrestricted funds
	General fund			106,271	102,204	(100,000)	108,475
	Artistic development	fund		42,823			42,823
	Capital depreciation	fund		75,532	(14,445)		61,087
	Premises fund			82,000			82,000
	Gatacre Centre development		fund	20,000			20,000
	Access and Diversity	fund		10,066			10,066
	Covid Recovery fund					40,000	40,000
	Postponed Activities	fund				50,000	50,000
	Succession fund					10,000	10,000
				336,692	87,759		424,451
	Restricted funds
	LEP Grant re Gatacre Dev &		Covid
	recovery				6,190		6,190
	TOTAL FUNDS			336,692	93,949		430,641

Net movement	in fu	nds, included in the above	are as follows:
			Incoming	Resources	Movement
			resources f	expended	in funds f
Unrestricted	funds
General fund			458,278	(356,074)	102,204
Capital depreciation		fund		~14,445)	~14,445)
			458,278	(370,519)	87,759
Restricted funds
LEP Grant re	Gatacre Dev &Covid
recovery			12,500	(6,310)	6,190
Heritage fund	re Gatacre Dev &
Covid recovery			10,000	/10,000)
			22,500	~16,310	6,190
TOTAL FUNDS			480,778	~386,829)	93,949

Comparatives fo	r m	ovemen	t	in fun	ds
						Net	Transfers
						movement	between	At
					At 1.4.19	in funds	funds	31.3.20
					L	L
Unrestricted funds
General fund					121,959	(15,688)		106,271
Artistic development		fund			23,069		19,754	42,823
Capital depreciation		fund			73,873	(18,341)	20,000	75,532
Premises fund					80,000		2,000	82,000
New vehicle fund					20,000		(20,000)
Gatacre Centre development			fund		20,000			20,000
Access and Diversity		fund					10,066	10,066
					338,901	(34,029)	31,820	336,692
Restricted funds
Catalyst - fundrasing					11,857		(11,857)
Catalyst - new projects					7,897		(7,897)
Access Audience Pavilion fund	Development			Fund	10,066 ~2000		(10,066) ~2,000)
					31,820		~31.620
TOTAL FUNDS
Comparative net	movement		in	funds,	included in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted funds
General fund						659,631	(675,319)	(15,688)
Capital depreciation		fund					~18,341)	~18,341)
						659,631	~693,660	~34,029i
TOTAL FUNDS						659,631	f693,660)	~34,029)

Ea tern An les Theatre Com a	Ea tern An les Theatre Com a	n Ltd
Detailed Statement ofFinancial		Activities
for the Year Ended 31 March	2021
			31.3.21	31.3.20
			E	E
INCOME AND ENDOWIIIIENTS
Donations and legacies
Donations Grants			16,203 462,055	23,898 340,882
Friends and Companions			1,205	1,283
			479,463	366,063
Investment Income
Interest receivable - trading			182	313
Charitable activities
Fees and box office receipts			1.129	212,022
Hiring				15,680
Programme and refreshment	sale		4	19,562
Letting (SJM)				7,363
			1,133	254,627
Other income
Sponsorship and advertising				700
Sundry income Theatre Tax Relief				2,810 35,118
				38,628
Total incoming resources			480,778	659,631
EXPENDITURE
Charitable activities
Fees and artists wages			48,753	152,519
Technical Costs Irrecoverable VAT Programme Costs Bar Expenses			1,855 24 826 1,409	10,998 7,862 1,328 8,180
Marketing Other Direct Costs			5,842 792	44,386 37,012
Carried forward			59,501	262,285

for the Year En		ded 31 Ma	rch	2021
					31.3.21	31.3.20
					E	K
Charitable activities
Brought fonNard Spektrix Service Charges LEP Purchases					59,501 402 6,310	262,285 5,605
HLF Purchases					10,000
Pre production		and production		costs	2,258	25,965
					78,471	293,855
Support costs
Management
Staff Salaries					218,446	228,966
Social security Pensions					12,616 12,759	14,494 13,258
Premises					9,904	33,270
Communications					9,091	23,618
Travel					6,620	49,202
IT					2,844	2,162
Amortisation	ofintangible		fixed assets		1,000
Depreciation assets	oftangible		and	heritage	14,445	~18342
					287,725	383,312
Governance	costs
Insurance					5,275	5,448
Sundries					8,252	9,380
Legal fees Independent	examiner				4,342 2,764	1,665
					20,633	~16493
Total resources		expended			386,829	693,660
Net income/(expenditure)					93,949	~34029)