**REGISTERED COMPANY NUMBER: 02163378 (England and Wales) REGISTERED CHARITY NUMBER: 298436**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2021**
**for Prime Theatre**
MHA Monahans Chartered Accountants 38-42 Newport Street Swindon Wiltshire SN1 3DR
**Prime Theatre**
## **Contents of the Financial Statements for the Year Ended 31 March 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|16|
**Prime Theatre (Registered number: 02163378)**
## **Report of the Trustees for the Year Ended 31 March 2021**
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 March 2021. 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**
## **Objectives and aims**
As set out in the charity's governing document the charity's objectives are:
To promote, maintain, improve, and advance public education, appreciation and understanding of the arts, particularly by the formulation, preparation, establishment and production of educational plays, festivals and production.
The principal activity of the charity is a theatre company. The charity uses the medium of drama to educate young people about social issues which directly affect their lives.
## **Public benefit**
The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.
Prime Theatre advances education, understanding, inclusion and artistic skills development though the making of theatre. By specialising in theatre and theatre-making projects for children and young adults, Prime Theatre celebrates, inspires and challenges young people to secure the best possible future for us all. We give voice to a major and often-unheard section of our society and work to promote their health and happiness.
Page 1
**Prime Theatre (Registered number: 02163378)**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **ACHIEVEMENT AND PERFORMANCE**
In this year Prime met the global crisis faced by all. From a moment of extreme challenge, we were able to react with speed and innovation. We shifted most activity online and, as a result, engaged far more young people of a greater diversity than ever before. We met our charitable aims and objectives with increased relish and relevance, offering a wider range of creative arts alongside our core theatre offer. We secured over £50k of Restricted Funds to deliver arts and education projects, the majority accredited by Arts Award, a national qualification. We delivered over 3,000 of these awards to young people aged 5-25 years and were recognised for this work as a UK Champion Centre. This helped build a new partnership with Swindon Borough Council, who after cancelling all arts grants for 20-21, were persuaded by our work to move to a commissioning model from Children's Services for 21-22. We are pleased this means Prime is developing strategically as a flexible youth arts agency, with direct referrals to young people previously disengaged from a traditional theatre company model.
## **Professional productions:**
**- Penguins** : When Covid-19 hit our debut international tour came back from the US a month earlier than planned. Though this meant a £4k decrease in ticket income, we honoured contracts and paid our creatives in full.
**- 10 Tiny Plays About Wiltshire** : A community project with BBC Radio Wiltshire completed its development stage with writers from the community, but recording and transmission (planned for the May 2020 Swindon Arts Festival) was postponed to 2022
**- Windrush** : The proposed tour based on the experiences of a young girl arriving in England was replaced by educational activity within the community and online, including the broadcast of poems by young people on BBC Radio Wiltshire. Further professional script development was paused until late 2021
**- Signal Fires** : Prime partnered Out of Joint Theatre company on a digital response as part of UK theatre's response to darkness in our sector. Young people created the script, a manifesto for hope, performed online by a professional actor **- Mine Own True Self** : Our planned actor in role events with STEAM: The Museum of Railway Life, part of our all-female Women Engineers project, become a film project to be completed in late 2021
## **Youth productions and theatre training:**
- Youth theatre workshops for actors and writers ran online for most of the year. When possible, we delivered in person from a temporary base. Numbers and the mixing of age groups were dramatically affected by social distancing measures and new regulations preventing under 16s from mixing with those over this age.
- The physical rehearsals of two youth theatre productions were paused and restarted when possible. For By With became a much smaller digital contribution to the 2021 European Festival of Youth Theatre. Look Up, part of the National Theatre Connections programme was cancelled along with most of this project.
- Lockdown Street: an audio play written by young writers in England and Scotland, was recorded by professional actors and members of Prime Youth Theatre. It was shared online by co-producers Pitlochry Festival Theatre.
## **Education and Community Programme:**
- Paul Hamlyn Teacher Development Project: This two- year project continued online and in person where possible. The Paul Hamlyn Foundation were generous in extending timeframes and made a further grant to Prime of £20k for lost income due to Covid-19.
- Special Education Needs Youth Theatre Workshops ran online and in person where possible. A summer school was created as additional activity. Children In Need awarded a Booster grant to deliver additional Arts Awards to this group. - We delivered arts education to the children of Key Workers in lockdowns.
## **Access for All**
-We hosted a Creative Access Trainee from the Global Majority thanks to additional funding from the Mo Siewcharran Fund.
-Additional restricted funds were received to support vulnerable children, raise mental health, and close the education gap which meant we increased delivery to children in low-income families.
-We continued to support D/deaf children throughout our programmes.
-We welcomed an increased number of Looked After Children and Care Leavers to our activity.
## **FINANCIAL REVIEW**
## **Financial position**
At 31 March 2021, total funds were £216,322.
Prime ended the financial year 2020-21 with a large amount of Restricted Funds of £81,983 that were secured to deliver key projects. These funds will be spent as planned and in accordance with funding agreements.
- Unrestricted Funds were utilised by trustees to continue a Strategic Review, develop emerging Artists of Colour with Tangle African Caribbean Theatre and to further develop the international touring of Penguins.
- Designated Funds remain held at agreed levels to meet any appropriate redundancy costs and fees related to any business closure.
Page 2
**Prime Theatre (Registered number: 02163378)**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees are committed to building reserves that would enable the charity to fulfil its obligations, statutory and otherwise, in the event of a cessation of operations. At 31 March 2021 the trustees had designated funds of £34,064 to meet this objective. Total unrestricted funds were £100,275 which includes £6,785 of tangible fixed assets. The amount of reserves held (excluding restricted funds, designated funds and tangible fixed assets) are £93,490.
## **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.
## **Organisational structure**
Day to day management of the charity's affairs is delegate to the Management Team, comprising professional advisors and administrators.
## **Induction and training of new trustees**
The charity provides an induction pack and appropriate training for new trustees.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
In satisfaction of this responsibility, the charity has prepared a Three Year Plan that identifies issues, many of them financial, which might impair the fulfilment of the charity's objectives, unless countered successfully. The Three Year Plan is reviewed annually.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
02163378 (England and Wales)
## **Registered Charity number**
298436
## **Registered office**
The Wyvern Theatre Theatre Square Swindon SN1 1QN
## **Trustees**
E Carter J E Gavin S Hodge P Horwat S M Welsh P Scott-Garrett J Tyrrell B D Newbury E M P Fletcher Rowbotham N R Capstick (appointed 6.7.20) L K Goulden (appointed 6.7.20) J L Pfumojena (appointed 6.7.20) Miss A L Batty (appointed 4.2.21) Miss J Bennett (appointed 4.2.21)
## **Company Secretary**
S C M Wrixon
Page 3
**Prime Theatre (Registered number: 02163378)**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
S G Fraser FCA MHA Monahans Chartered Accountants 38-42 Newport Street Swindon Wiltshire SN1 3DR
Approved by order of the board of trustees on 16 November 2021 and signed on its behalf by:
P Horwat - Trustee
Page 4
**Independent Examiner's Report to the Trustees of Prime Theatre**
## **Independent examiner's report to the trustees of Prime Theatre ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S G Fraser FCA MHA Monahans Chartered Accountants 38-42 Newport Street Swindon Wiltshire SN1 3DR
16 November 2021
Page 5
**Prime Theatre**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
110,389
**Charitable activities**
6
Professional performances
10,298
Youth Theatre
6,754
Outreach & education
4,810
Other trading activities
4
500
Investment income
5
259
**Total**
133,010
**EXPENDITURE ON**
**Charitable activities**
7
Professional performances
18,068
Youth Theatre
9,910
Outreach & education
49,324
**Total**
77,302
**NET INCOME**
55,708
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
78,631
**TOTAL FUNDS CARRIED FORWARD**
134,339|Restricted
funds
£
146,068
-
-
-
-
-
146,068
2,000
10,049
131,619
143,668
2,400
79,583
81,983|2021
Total
funds
£
256,457
10,298
6,754
4,810
500
259
279,078
20,068
19,959
180,943
220,970
58,108
158,214
216,322|2020
Total
funds
£
287,555
11,760
11,610
21,653
-
194|
|---|---|---|---|
||||332,772
176,858
23,118
58,997|
||||258,973|
||||73,799
84,415|
||||158,214|
The notes form part of these financial statements
Page 6
**Prime Theatre (Registered number: 02163378)**
|**Balance Sheet**
**31 March 2021**
Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2021
£
6,785
9,773
213,804
223,577
(14,040)
209,537
216,322
216,322
134,339
81,983
216,322|2020
£
9,788
6,587
149,299
155,886
(7,460)
148,426
158,214
158,214
78,631
79,583
158,214|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 16 November 2021 and were signed on its behalf by:
P Horwat - Trustee
The notes form part of these financial statements
Page 7
**Prime Theatre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1. STATUTORY INFORMATION**
Prime Theatre is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address can be found in the Trustees' Report.
## **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.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.
There are no significant areas of judgements or key sources of estimation uncertainty.
## **Going Concern**
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken exemption from preparing a cash flow statement under the charities SORP (FRS 102) as the charity constitutes a small charity.
## **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 from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **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 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**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stage and office equipment - 20% on straight line basis Motor vehicles - 20% on straight line basis
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
continued...
**Prime Theatre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **2. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Financial risk management**
The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the trustees annual report for information on how risks are managed. The charity does not have any non basic financial instruments.
## **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.
## **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.
## **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 due.
## **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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **3.**
## **DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**|||
|---|---|---|
||2021|2020|
||£|£|
|Donations|1,483|2,626|
|Gift aid|351|-|
|Grants|254,623|284,929|
||256,457|287,555|
Grants received, included in the above, are as follows:
|Arts Council
Other grants
Swindon Borough Council
Wiltshire Community Foundation
Heritage Lottery Fund
Children in Need
Paul Hamlyn Foundation
Arts Award
Church Urban Fund
People's Postcode Lottery
Community Lottery
Creative Access
Government Grant Income:|2021
£
89,555
-
-
16,758
-
2,925
90,000
385
9,000
11,000
30,000
5,000
254,623|2020
£
87,937
54,043
33,600
6,195
10,000
8,154
75,000
10,000
-
-
-
-
284,929|
|---|---|---|
|2021||2020|
|£||£|
|Arts Council England
89,555||87,937|
|Swindon Borough council
-||34,600|
Page 9
continued...
**Prime Theatre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **3. DONATIONS AND LEGACIES - continued**
|Heritage Lottery Fund|-|10,000|
|---|---|---|
|National Lottery|30,000|-|
There were no unfulfilled conditions or other contingencies attached to these grants. The charity has not directly benefited from any other forms of government assistance.
|**4.**
**OTHER TRADING ACTIVITIES**
Shop income
**5.**
**INVESTMENT INCOME**
Deposit account interest
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Professional productions -
ticket sales and other income Professional performances
Grants
Professional performances
Youth Theatre activities -
workshop and other income
Youth Theatre
Outreach & education activity
- workshops and other
income
Outreach & education
Grants received, included in the above, are as follows:
Coronavirus Job Retention Scheme
**7.**
**CHARITABLE ACTIVITIES COSTS**
Professional performances
Youth Theatre
Outreach & education|Direct
Costs
£
9,978
6,456
48,955
65,389|2021
£
500
2021
£
259
2021
£
5,547
4,751
6,754
4,810
21,862
2021
£
4,751
Support
costs (see
note 8)
£
10,090
13,503
131,988
155,581|2020
£
-
2020
£
194
2020
£
11,760
-
11,610
21,653
45,023
2020
£
-
Totals
£
20,068
19,959
180,943|2020
£
-
2020
£
194
2020
£
11,760
-
11,610
21,653|
|---|---|---|---|---|
|||||45,023|
||||220,970||
Page 10
continued...
**Prime Theatre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **8. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
|Governance
Management
costs
£
£
Professional performances
9,888
202
Youth Theatre
13,373
130
Outreach & education
130,999
989
154,260
1,321|Totals
£
10,090
13,503
131,988|
||155,581|
## **9. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2021|2020|
|---|---|---|
||£|£|
|Depreciation - owned assets|3,003|3,149|
|Accountancy and Independent Examination|1,321|1,405|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
During the year ended 31 March 2021 expenses totalling £Nil (2020 - £238).
## **11. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2021
£
111,206
7,146
2,567
120,919|2020
£
122,340
7,277
2,946|
|---|---|---|
|||132,563|
Key management personnel for the charity comprises the Chief Executive and the trustees. The total employee benefits for key management personnel of the charity were £51,266 (2020 - £51,281).
The average monthly number of employees during the year was as follows:
|Management team
Artists
Administration|2021
2
2
-
4|2020
2
2
1|
|---|---|---|
|||5|
No employees received emoluments in excess of £60,000.
Page 11
continued...
**Prime Theatre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
124,164
**Charitable activities**
Professional performances
11,760
Youth Theatre
11,610
Outreach & education
21,653
Investment income
194
**Total**
169,381
**EXPENDITURE ON**
**Charitable activities**
Professional performances
118,692
Youth Theatre
5,398
Outreach & education
38,643
**Total**
162,733
**NET INCOME**
6,648
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
71,983
**TOTAL FUNDS CARRIED FORWARD**
78,631
**13.**
**TANGIBLE FIXED ASSETS**
Stage and
office
equipment
£
**COST**
At 1 April 2020 and 31 March 2021
44,541
**DEPRECIATION**
At 1 April 2020
35,753
Charge for year
3,003
At 31 March 2021
38,756
**NET BOOK VALUE**
At 31 March 2021
5,785
At 31 March 2020
8,788|Restricted
funds
£
163,391
-
-
-
-
163,391
58,166
17,720
20,354
96,240
67,151
12,432
79,583
Motor
vehicles
£
8,258
7,258
-
7,258
1,000
1,000|Total
funds
£
287,555
11,760
11,610
21,653
194|
|---|---|---|
|||332,772
176,858
23,118
58,997|
|||258,973|
|||73,799
84,415|
|||158,214|
|||Totals
£
52,799
43,011
3,003
46,014
6,785
9,788|
Page 12
continued...
**Prime Theatre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
VAT
Deferred income
Accrued expenses
**16.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
funds
£
Fixed assets
6,785
Current assets
141,594
Current liabilities
(14,040)
134,339
**17.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Designated fund - core costs and
redundancy costs
**Restricted funds**
Youth Theatre
Science Project
Teacher Development
Deaf Project
Looked After
Save a Friend - County Lines Project
Windrush
Social Action
**TOTAL FUNDS**|Restricted
funds
£
-
81,983
-
81,983
At 1.4.20
£
44,567
34,064
78,631
15,366
-
59,022
3,195
-
2,000
-
-
79,583
158,214|2021
£
7,914
-
1,859
9,773
2021
£
2,721
1,092
6,720
3,507
14,040
2021
Total
funds
£
6,785
223,577
(14,040)
216,322
Net
movement
in funds
£
55,708
-
55,708
(5,974)
5,340
(6,982)
6,100
385
(2,000)
3,000
2,531
2,400
58,108|2020
£
180
4,550
1,857
6,587
2020
£
2,607
1,768
-
3,085
7,460
2020
Total
funds
£
9,788
155,886
(7,460)
158,214
At
31.3.21
£
100,275
34,064
134,339
9,392
5,340
52,040
9,295
385
-
3,000
2,531
81,983
216,322|
|---|---|---|---|
Page 13
continued...
**Prime Theatre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **17. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Youth Theatre
Science Project
Teacher Development
Deaf Project
Looked After
Save a Friend - County Lines Project
Community Lottery
Children In Need
Creative Access
Windrush
Social Action
**TOTAL FUNDS**|Incoming
resources
£
133,010
-
8,786
70,000
15,195
385
-
30,000
2,925
5,000
9,000
4,777
146,068
279,078|Resources
Movement
expended
in funds
£
£
(77,302)
55,708
(5,974)
(5,974)
(3,446)
5,340
(76,982)
(6,982)
(9,095)
6,100
-
385
(2,000)
(2,000)
(30,000)
-
(2,925)
-
(5,000)
-
(6,000)
3,000
(2,246)
2,531
(143,668)
2,400
(220,970)
58,108|Resources
Movement
expended
in funds
£
£
(77,302)
55,708
(5,974)
(5,974)
(3,446)
5,340
(76,982)
(6,982)
(9,095)
6,100
-
385
(2,000)
(2,000)
(30,000)
-
(2,925)
-
(5,000)
-
(6,000)
3,000
(2,246)
2,531
(143,668)
2,400
(220,970)
58,108|
|---|---|---|---|
||||2,400|
||||58,108|
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.19|in funds|31.3.20|
||£|£|£|
|**Unrestricted funds**||||
|General fund|37,919|6,648|44,567|
|Designated fund - core costs and||||
|redundancy costs|34,064|-|34,064|
||71,983|6,648|78,631|
|**Restricted funds**||||
|Youth Theatre|7,212|8,154|15,366|
|CEP|2,500|(2,500)|-|
|This is Our Town|2,720|(2,720)|-|
|Teacher Development|-|59,022|59,022|
|Deaf Project|-|3,195|3,195|
|Save a Friend - County Lines Project|-|2,000|2,000|
||12,432|67,151|79,583|
|**TOTAL FUNDS**|84,415|73,799|158,214|
Page 14
continued...
**Prime Theatre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Youth Theatre
CEP
This is Our Town
Custody project
Peace day riots
Teacher Development
Deaf Project
Looked After
LitWorks
Community Inclusion
Save a Friend - County Lines Project
**TOTAL FUNDS**|Incoming
resources
£
169,381
13,154
-
-
45,666
10,000
75,000
14,433
250
500
388
4,000
163,391
332,772|Resources
Movement
expended
in funds
£
£
(162,733)
6,648
(5,000)
8,154
(2,500)
(2,500)
(2,720)
(2,720)
(45,666)
-
(10,000)
-
(15,978)
59,022
(11,238)
3,195
(250)
-
(500)
-
(388)
-
(2,000)
2,000
(96,240)
67,151
(258,973)
73,799|
|---|---|---|
Designated funds:
Core costs and redundancy costs - a fund has been set up to designate 3 months of core costs plus redundancy costs.
Restricted funds:
Youth theatre - various donations received to help young people take part in youth theatre.
Science project - a Wiltshire Community Foundation grant to fund the animation of Science & Engineering in Swindon schools
This is Our Town - funding from the Heritage Lottery Fund towards young people exploring Swindon's heritage from 1901 to 1913.
CEP - Funding from Wiltshire & Swindon Cultural Education Partnership for the Deaf Project
Deaf project - funding received from WCF, Persimmons homes, Postcode Lottery and the Mericos Foundation for activities and access for Dead children and young people
Save a Friend - County Lines Project - funding from WCF and Wiltshire Police & Crime Commissioner
Community inclusion - funding for Stephen Lawrence Day event
Teacher development - funding from Paul Hamlyn Foundation
Litworks - funding for Arts Award
Looked after - funding for looked after children to complete Arts Awards
Peace day riots - Heritage Lottery funding to provide a day of activities to commemorate Swindon's 1919 Peace Riots through archive tours, exhibitions, dance, drama and musical performances.
Community Lottery - Funding for Arts Awards projects for vulnerable young people
Children in Need - Funding for Inclusive Youth Theatre
Creative access - Funding for Creative Participation Producer (to support talent from under represented groups to work in the Arts)
Page 15
continued...
**Prime Theatre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **17. MOVEMENT IN FUNDS - continued**
Windrush - Funding for Windrush day events
#iwill - Funding to create young arts leaders within the community
## **18. EMPLOYEE BENEFIT OBLIGATIONS**
The charity operates a defined benefit pension scheme. The costs for the period was £2,567 (2020: £2,946). at 31 March 2021, there were no outstanding or prepaid contributions.
## **19. RELATED PARTY DISCLOSURES**
The Trustee, L Goulden, was paid £3,460 during the year for freelance work. This payment does not relate to services as a trustee.
There were no other related party transactions during the year.
Page 16