## 



|||Page|Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|9|
|Report ofthe Independent|Auditors|10|to|12|
|Statement ofFinancial Activities||13|to|14|
|Balance Sheet|||15||
|Cash Flow Statement|||16||
|Notes to the Cash Flow|Statement||17||
|Notes to the Financial Statements||18|to|33|
|Detailed Statement ofFinancial Activities||34|to|35|





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|||pg<br>  <br>fortheyearended|<br><br> 31March 2021||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM<br>Donations<br>and legacies|||30,461||30,461|16,708|
|Charitable<br>activities<br>Catering<br>Venue hire, PRS and Security|||34,991<br>112,784||34,991<br>112,784|353,414<br>280,530|
|Visual and performing<br>arts promoted <br>Maltings<br>Famham<br>Museum<br>Commission<br>received on artist sales<br>Core funding<br>and other grants<br>Subscriptions||by the|77,983<br>1,253<br>256,057<br>10,167|1,583<br>129,050<br>1,136,983|79,566<br>129,050<br>1,253<br>1,393,040<br>10,167|612,212<br>130,895<br>13,359<br>1,204,746<br>19,202|
|Other trading activities<br>Investment<br>income<br>Other income|||141,625<br>1,090<br>445,964||141,625<br>1,090<br>445,964|273,322<br>7,660|
|Total|||1,112,375|1,267,616|2,379,991|2,912,048|
|EXPENDITURE ON|||||||
|Charitable<br>activities<br>Arts, development<br>and producing<br>Catering<br>Venue hire, PRS and Security|expenditure||69,968<br>9,324<br>1,512|347,743<br>570|417,711<br>9,324<br>2,082|744,640<br>138,853<br>18,522|
|Visual and performing<br>arts promoted<br>Maltings<br>Farnham<br>Museum<br>Market<br>Community<br>Support<br>Other Support Costs<br>Salaries and Wages||by the|23,079<br>270<br>7,538<br>230,982<br>873,408|15,000<br>68,923<br>5,385<br>216,708|38,079<br>68,923<br>270<br>7,538<br>236,367<br>1,090,116|288,590<br>135,886<br>1,051<br>475,595<br>1,209,306|
|Total|||1,216,081|654,329|1,870,410|3,012,443|
|Net gains/(losses)<br>on investments|||45,159||45,159|(31,321)|
|NET INCOME/(EXPENDITURE)|||(58,547)|613,287|554,740|(131,716)|
|Transfers between funds||18|54,377|(54,377)|||
|||||||22,030|
|Tax (paid)/receivable|||||||
|Net movement<br>in funds|||(4,170)|558,910|554,740|(109,686)|
|RECONCILIATION<br>OFFUNDS|||||||
|Total funds brought forward|||1,514,240|918,936|2,433,176|2,542,862|
|TOTAL FUNDS CARRIED FORWARD|||1 510070|1,477,846|2,987,916|2,433,176|





## 

||Consolidated|Balance Sheet||||
|---|---|---|---|---|---|
||31March 2021|||||
|||||2021|2020|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible<br>assets|12|1,363,160|49,781|1,412,941|1,418,894|
|Investments~ASSETS|13|164,024<br>1,527,184|49,814<br>99,595|213,838<br>1,626,779|168,679<br>1,587,573|
|Debtors<br>Cash at bank and in hand|14|202,930<br>34,595|5,724<br>1,383,418|208,654<br>1,418,013|78,547<br>1,034,106|
|||237,525|1,389,142|1,626,667|1,112,653|
|CREDITORS||||||
|Amounts<br>falling due within one year<br>NET~ASSETS|15|(254,639)<br>(17,114)|(10,891)<br>1,378,251|(265,530)<br>1,361,137|(267,050)<br>845,603|
|TOTAL ASSETSLESS~||||||
|LIABILITIES||1,510,070|1,477,846|2,987,916|2,433,176|
|NET ASSETS||1,510,070|1,477,846|2,987,916|2,433,176|
|FUNDS||||||
|Unrestricted<br>funds<br>Restricted funds||||1,510,070<br>1,477,846|1,514,240<br>918,936|
|TOTAL FUNDS||||2,987,916|2,433,176|






## 

|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets<br>Investments|12<br>13|1,363,160<br>164,026|49,781<br>49,814|1,412,941<br>213,840|1,418,894<br>168,681|
|||1,527,186|99,595|1,626,781|1,587,575|
|CURRENT ASSETS||||||
|Debtors|14|219,702|5,723|225,425|69,949|
|Cash at bank and in hand||34,594|1,383,419|1,418,013|1,034,106|
|||254,296|1,389,142|1,643,438|1,104,055|
|CREDITORS||||||
|Amounts<br>falling due within one year|15|(271,412)|(10,891)|(282,303)|(258,454)|
|NET~ASSETS||(17,116)|1,378,251|1,361,135|845,601|
|TOTAL ASSETSLESSC~||||||
|LIABILITIES||1,510,070|1,477,846|2,987,916|2,433,176|
|NET ASSETS||1,510,070|1,477,846|2,987,916|2,433,176|
|FUNDS|18|||||
|Unrestricted<br>funds||||1,510,070|1,514,240|
|Restricted funds||||1,477,846|918,936|
|TOTAL FUNDS||||2,987,916|2,433,176|






## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash fiows &om operating|activities||||||
|Cash generated<br>&om operations<br>Interest paid<br>Finance costs paid|||||391,992<br>(9,175)|(22,379)<br>(550)<br>~19,657)|
|Net cash provided<br>by/(used|in) operating||activities||382,817|(42,586)|
|Cash fiows &om invesfing|activities||||||
|Purchase offixed asset investments<br>Interest received|||||1,090|(200,000)<br>4,825|
|Dividends<br>received||||||2,835|
|Net cash provided<br>by/(used|in) investing||activities||1,090|(192,340)|
|Cash flows &om financing|activities||||||
|Loan repayments<br>in year||||||(26,806)|
|Change in cash and cash equivalents||in the|||||
|reporting period<br>Cash and cash equivalents|at the beginning|||of|383,907|(261,732)|
|the reporting period||||2|1,034,106|1,295,838|
|Cash and cash equivalents|at the end|ofthe|||||
|reporbng period|||||1,418,013|1,034,106|





## 

||RECONCILIATION<br>OFNET INCOME/(E<br>|XPENDITURE)<br>TONET CASH FL|OW FROM OPERA|ING|
|---|---|---|---|---|
||ACTIVITIES||2021|2020|
||Net income/(expenditure)<br>for the reporting<br>Financial Activities)|period (asper the Statement of|554,740|(109,686)|
||Adjustments<br>for:<br>Depreciation<br>charges<br>(Gain)/losses<br>on investments<br>Interest received||5,953<br>(45,159)<br>(1,090)|104,562<br>31,321<br>(4,825)<br>550|
||Interest paid<br>Finance costs<br>Dividends<br>received<br>Decrease in stocks<br>(Increase)/decrease<br>in debtors<br>Increase/(decrease)<br>in creditors||9,175<br>(130,107)|19,657<br>(2,835)<br>5,544<br>32,336<br>~99,003)|
||Net cash provided by/(used<br>in) operations||391,992|(22,379)|
|2.|ANALYSIS OF CASH AND CASH EQUIVALENTS||2021|2020|
||Cash in hand<br>Notice deposits (less than 3 months)||16,030<br>1,401,983|1,614<br>1 032492|
||Total cash and cash equivalents||1,418,013|1,034,106|



|ANALYSIS OF CHANGES INNET FUNDS||||
|---|---|---|---|
||At 1.4.20|Cash flow|At 31.3.21|
|Net cash<br>Cash at bank and in hand|1,034,106|383,907|1,418,013|
|Total|1,034,106|383,907|1,418,013|





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|DONATIONS<br>AND LEGACIES|||
|---|---|---|
||2021|2020|
|Donations|30,461|16,708|
|OTHER TRADING ACTIVITIES|||
||2021|2020|
|Car park income|68,678|148,151|
|Market income|15,113|56,835|
|Tenancy rental income|57,834|68,336|
||141,625|273,322|





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## 

|INVESTMENT INCOME|||
|---|---|---|
||2021|2020|
|Other fixed asset invest - FII||2,835|
|Deposit account interest|1,090|4,825|
||1,090|7,660|



## 

|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||Activity||||||
|Catering|income|||Catering||||34,991|353,414|
|Venue hire, PRS and|||Security|Venue hire,|PRS and Security|||112,784|280,530|
|Visual and performing|||arts|Visual and performing||arts promoted|by the|||
|promoted|by|the Maltings||Maltings||||74,247|612,212|
|||||Visual and performing||arts promoted|by the|||
|Grants||||Maltings||||2,421||
|Commission||received|on artist|Visual and performing||arts promoted|by the|||
|sales||||Maltings||||2,898||
|Farnham|museum|||Farnham<br>Museum||||12,493|60,396|
|Grants||||Famham<br>Museum||||116,557|70,499|
|Commission||received|on artist|||||||
|sales||||Commission|received|on artist sales||1,253|13,359|
|Grants||||Core funding|and other grants|||1,393,040|1,204,746|
|Subscriptions||||Subscriptions||||10,167|19,202|
|||||||||1,760,851|2,614,358|



|Grants received, included<br>in|the above, are as follows:|||
|---|---|---|---|
|||2021|2020|
|Waverley Borough Council|—Revenue funding|33,000|33,000|
|Waverley Borough Council|-Farnham Museum|70,500|70,500|
|Farnham<br>Town Council||13,000|13,000|
|Arts council||1,056,262|953,500|
|Other grants received||35,342|144,220|
|Rothschild||54,924|61,025|
|Helpline||4,000||
|Tackling Loneliness||6,000||
|High Hopes||26,035||
|Government<br>Rebate scheme||82,114||
|Esmee Fairbairn||119,420||
|||1,500,597|1,275,245|





## 

|||||||Support||
|---|---|---|---|---|---|---|---|
||||||Direct|costs (see||
||||||Costs|note 7)|Totals|
|Arts, development||and producing||||||
|expenditure|||||417,711||417,711|
|Catering|||||9,324||9,324|
|Venue hire,|PRS and Security||||2,082||2,082|
|Visual and performing|||arts promoted|by||||
|the Maltings|||||38,079||38,079|
|Farnham<br>Museum|||||68,923||68,923|
|Market|||||270||270|
|Community|Support||||7,538||7,538|
|Other Support Costs|||||(570)|236,937|236,367|
|Salaries and|Wages||||34,215|1,055,901|1,090,116|
||||||577,572|1,292,838|1,870,410|



|SUPPORT COSTS||||||
|---|---|---|---|---|---|
||||Human|Governance||
||Management|Finance|resources|costs|Totals|
|Other Support Costs|198,240|25,408|2,040|11,249|236,937|
|Salaries and Wages|||1,055,901||1,055,901|
||198,240|25,408|1,057,941|11,249|1,292,838|



||||2021|2020|
|---|---|---|---|---|
|Auditors'|remuneration||5,000|5,000|
|Auditors'|remuneration|for non audit work|5,350|6,442|
|Depreciation<br>-owned||assets|5,953|104,562|





## 

## 

## 

|STAFF CO|STS||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||Total|Total|
||||||||Funds|Funds|
|Gross wages|||||||1,081,523|1,109,286|
|Employer's|national|insurance|||||75,610|75,535|
|Pension|||||||31,004|24,233|
||||||||1,188,137|1,209,054|
|The average number||ofemployees|analysed||by function was||||
||||||||2021|2020|
|Administration|||||||13|11|
|Boxoffice|and front ofhouse||||||9|12|
|Operations|||||||17|25|
|ACE Arts|||||||7|8|
|Workshop|and courses||||||3|7|
|Tollrlllg|||||||3|4|
|Catering|||||||15|27|
|Museum|||||||5|6|
||||||||72|100|
|Below is listed the number ofemployees,||||which fell within the following||bands|||
||||||||2021|2020|
|f60,000 —f70,000|||||||||





## 

## 

|Notes to the Financial Statements - continued<br>for the year ended 31March 2021|Notes to the Financial Statements - continued<br>for the year ended 31March 2021|Notes to the Financial Statements - continued<br>for the year ended 31March 2021|Notes to the Financial Statements - continued<br>for the year ended 31March 2021|Notes to the Financial Statements - continued<br>for the year ended 31March 2021|Notes to the Financial Statements - continued<br>for the year ended 31March 2021|||
|---|---|---|---|---|---|---|---|
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||||||||
||||||Unrestricted|Restricted|Total|
||||||fUllds|funds|funds|
|INCOME ANDENDOWS|||FROM|||||
|Donations<br>and legacies|||||16,089|619|16,708|
|Charitable<br>activities||||||||
|Catering|||||353,414||353,414|
|Venue hire, PRS and|Security||||280,530||280,530|
|Visual and performing||arts promoted||by the||||
|Maltings|||||603,899|8,313|612,212|
|Farnham<br>Museum||||||130,895|130,895|
|Commission<br>received|on artist sales||||13,359||13,359|
|Core funding<br>and other||grants|||51,424|1,153,322|1,204,746|
|Subscriptions|||||19,202||19,202|
|Other trading activities|||||273,322||273,322|
|Investment<br>income|||||7,660||7,660|
|Total|||||1,618,899|1,293,149|2,912,048|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|Arts, development<br>and||producing|expenditure||314,859|429,781|744,640|
|Catering|||||138,853||138,853|
|Venue hire, PRS and|Security||||18,522||18,522|
|Visual and performing||arts promoted||by the||||
|Maltings|||||287,088|1,502|288,590|
|Farnham<br>Museum||||||135,886|135,886|
|Market|||||1,051||1,051|
|Other Support Costs|||||371,033|104,562|475,595|
|Salaries and Wages|||||732,853|476,453|1,209,306|
|Total|||||1,864,259|1,148,184|3,012,443|
|Net gains/(losses)<br>on|investments||||(31,321)||~31.321|
|NET INCOME/(EXPENDITURE)|||||(276,681)|144,965|(131,716)|
|Transfers between funds|||||30,686|(30,686)||
|Tax (paid)/receivable|||||22,030||22,030|
|Net movement<br>in funds|||||(223,965)|114,279|(109,686)|
|RECONCILIATION|OFFUNDS|||||||
|Total funds brought<br>forward|||||1,738,205|804,657|2,542,862|
|TOTAL FUNDS CARRIED FORWARD|||||1,514,240|918,936|2,433,176|





## 

||forthe year ended 31March 2|forthe year ended 31March 2|forthe year ended 31March 2|021|||
|---|---|---|---|---|---|---|
|12.|TANGIBLE FIXEDASSETS(Group and Company)||||||
||||Improvements|Fixtures|||
||||to|ailtl|Motor||
||||property|fittings|vehicles|Totals|
||COST||||||
||At 1 April 2020 and||||||
||31 March 2021|1,401,297|592,523|352,305|14,545|2,360,670|
||DEPRECIATION||||||
||At 1 April 2020|64,664|510,262|352,305|14,545|941,776|
||Charge for year||5,953|||5,953|
||At 31 March 2021|64,664|516,215|352,305|14,545|947,729|
||NET BOOKVALUE||||||
||At 31 March 2021|1,336,633|76,308|||1,412,941|
||At 31 March 2020|1,336,633|82,261|||1,418,894|
|13.|FIXEDASSETINVESTS||||||
||Group||||||
||||||Listed||
||||||mvestments|Totals|
||MARKET VALUE||||||
||At<br>1 April 2020||||168,679|168,679|
||Revaluations||||45,159|45,159|
||At 31 March 2021||||213,838|213,838|
||NET BOOKVALUE||||||
||At 31 March 2021||||213,838|213,838|
||At 31 March 2020||||168,679|168,679|
||There were no investment|assets outside the UK.|||||
||Company||||||
|||||Listed|Unlisted||
||~TVALUE|||investments|investments|Totals|
||At<br>1 April 2020|||168,679||168,681|
||Revaluations|||45,159||45,159|
||At 31March 2021|||213,838||213,840|
||NET BOOKVALUE||||||
||At 31 March 2021|||213,838|2|213,840|
||At 31March 2020|||168,679|2|168,681|





## 

## 

||||Listed|Unlisted||
|---|---|---|---|---|---|
||||investments|investments|Totals|
|Valuation|in|2020|(31,321)||(31,321)|
|Valuation|in|2021|45,159||45,159|
|Cost|||200,000||200,002|
||||213,838||213,840|



## 

## 

|Famham<br>Maltings<br>Trading Limited<br>Registered office:<br>Nature ofbusiness: Theatre Productions|||||
|---|---|---|---|---|
||sg||||
|Class ofshare:|holding||||
|Ordinary<br>100<br>DEBTORS:AMOUNTS FALLING DUE~ONE YEAR|||||
|Group|||2021|2020|
|Trade debtors|||170,482|19,100|
|Other debtors|||1,625|26,916|
|Prepayments<br>and accrued income|||36,547|32,531|
||||208,654|78,547|
|Company|||2021|2020|
|Trade debtors|||170,482|19,100|
|Amounts<br>owed by group undertakings|||16,773|16,773|
|Other debtors|||1,623|1,545|
|Prepayments<br>and accrued income|||36,547|32,531|
||||225,425|69,949|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|Group|||2021|2020|
|Trade creditors|||61,436|41,383|
|Social security and other taxes||||28,645|
|VAT|||32,445|39,427|
|Other creditors|||150,968|129,968|
|Accrued expenses|||20,681|27,627|
||||265,530|267,050|





## 

## 

|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE<br>Companu|YEAR (Cont)||
|---|---|---|
||2021|2020|
|Trade creditors|61,436|41,383|
|Social security and other taxes||28,645|
|VAT|32,445|39,427|
|Other creditors|167,741|121,372|
|Accrued expenses|20,681|27,627|
||282,303|258,454|



## 

## 

|MOVEMENT IN|FUNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.20|in funds|funds|31.3.21|
|Unrestricted<br>funds||||||
|General fund||1,003,090|10,525|53,814|1,067,429|
|Arts development|and producing|248,911|||248,911|
|2018-2022 projects||249,912|(65,741)|906|185,077|
|Youth Participation||12,327|(3,331)|(343)|8,653|
|||1,514,240|(58,547)|54,377|1,510,070|
|Restricted funds||||||
|Farnham<br>Museum||(4,160)|60,127|(4,000)|51,967|
|Cratt||1,578|1,000||2,578|
|Arts Council England - Catalyst||85,615|(5,025)||80,590|
|Creative case||17,891|(3,282)||14,609|
|Capital Projects||56,141|(5,955)|(405)|49,781|
|NPO 18-22 Arts funding||470,372|471,308|(49,813)|891,867|
|Community<br>Engagement||48,643|15,249|(159)|63,733|
|International<br>Theatre Development||127,214|12,600||139,814|
|Regional Theatre Development||115,642|67,265||182,907|
|||918,936|613,287|(54,377)|1,477,846|
|TOTAL FUNDS||2,433,176|554,740||2,987,916|





## 

## 

||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
|Unrestricted<br>funds|||||
|General fund|1,112,683|(1,147,317)|45,159|10,525|
|2018-2022 projects<br>Youth Participation|(308)|(65,741)<br>(3,023)||(65,741)<br>~3,33I)|
||1,112,375|(1,216,081)|45,159|(58,547)|
|Restricted funds|||||
|Farnham<br>Museum|129,050|(68,923)||60,127|
|Craft|16,000|(15,000)||1,000|
|Arts Council England - Catalyst||(5,025)||(5,025)|
|Creative case|2,385|(5,667)||(3,282)|
|Capital Projects||(5,955)||(5 955)|
|NPO 18-22Arts funding|878,762|(407,454)||471,308|
|Community<br>Engagement|37,618|(22,369)||15,249|
|International<br>Theatre Development|12,500|100||12,600|
|Regional Theatre Development|191,301|(124,036)||67,265|
||1.267.616|~(654,329||613,287|
|TOTAL FUNDS|2,379,991|~1,870,410)|45,159|554,740|





## 

## 

|Comparatives<br>for|movement<br>in funds|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.19|in funds|funds|31.3.20|
|Unrestricted<br>funds||||||
|General fund||1,101,022|(180,043)|82,111|1,003,090|
|Arts development|and producing|267,701|(18,790)||248,911|
|2018-2022 projects||353,500|(52,163)|(51,425)|249,912|
|Youth Participation||15,982|(3,655)||12,327|
|||1,738,205|(254,651)|30,686|1,514,240|
|Restricted funds||||||
|Famham<br>Museum||4,827|(4,991)|(3,996)|(4,160)|
|Craft|||1,578||1,578|
|Arts Council England - Catalyst||92,579|(6,964)||85,615|
|Creative case||19,338|(1,447)||17,891|
|Capital Projects<br>NPO 18-22Arts funding||161,788<br>245,413|(136,251)<br>262,253|30,604<br>(37,294)|56,141<br>470,372|
|Community<br>Engagement||92,660|(14,017)|(30,000)|48,643|
|International<br>Theatre Development||97,022|30,192||127,214|
|Regional Theatre Development||91,030|14,612|10,000|115,642|
|||804,657|144,965|(30,686)|918,936|
|TOTAL FUNDS||2,542,862|(109,686)||2,433,176|





## 

||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted<br>funds|||||||
|General fund|||1,615,616|(1,764,338)|(31,321)|(180,043)|
|Arts development|and producing|||(18,790)||(18,790)|
|2018-2022projects<br>Youth Participation|||3,283|(52,163)<br>(6,938)||(52,163)<br>~3,655)|
||||1,618,899|(1,842,229)|(31,321)|(254,651)|
|Restricted funds|||||||
|Famham<br>Museum|||130,895|(135,886)||(4,991)|
|Craft|||5,000|(3,422)||1,578|
|Arts Council England||—Catalyst|620|(7,584)||(6,964)|
|Creative case|||356|(1,803)||(1,447)|
|Capital Projects||||(136,251)||(136,251)|
|NPO 18-22Arts funding|||952,498|(690,245)||262,253|
|Community<br>Engagement|||35,074|(49,091)||(14,017)|
|International<br>Theatre Development<br>Regional Theatre Development|||35,482<br>133,224|(5,290)<br>~118,612)||30,192<br>14,612|
||||1,293,149|~1,148,184)||144,965|
|TOTAL FUNDS|||2,912,048|(2,990,413)|~31,321)|(109,686)|





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