##
##
|Trustees||DrA Hatton-Yeo|MBE - Chair|||
|---|---|---|---|---|---|
|||N JTownsend -|Vice Chair|||
|||R Gauld - Treasurer||||
|||TJ Booker||||
|||DrAPOdon||||
|||C BATyrer||||
|||M Thwaite||||
|||D Rigby||||
|||M C Whitehead||(Appointed|7 July 2020)|
|Secretary||T Fisher||||
|Charity number||501935||||
|Company|number|01077517||||
|Principal address||The Dukes||||
|||Moor Lane||||
|||Lancaster||||
|||United Kingdom||||
|||LA1 1QE||||
|Registered|office|The Dukes||||
|||Moor Lane||||
|||Lancaster||||
|||United
Kingdom||||
|||LA1 1QE||||
|Auditor||Azets Audit Services||||
|||Fleet House||||
|||New Road||||
|||Lancaster||||
|||United
Kingdom||||
|||LA1 1EZ||||
|Bankers||NatWest Bank||||
|||66 Church Street||||
|||Lancaster||||
|||United
Kingdom||||
|||LA1 1LN||||
|Solicitors||Holdens||||
|||2 Castle Hill||||
|||Lancaster||||
|||United
Kingdom||||
|||LA1 1YR||||
##
##
|||Page|
|---|---|---|
|Trustees'
report||1-7|
|Independent
auditor's|report|8-10|
|Statement offinancial|activities|11-12|
|Balance sheet||13|
|Statement
ofcash flows||14|
|Notes to the financial|statements|15-31|
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|Current financial year|Current financial year||||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|||
||||||2021|2021|2021|2020|
|||||Notes|6|6|6|6|
|n om|ents||from||||||
|Donations
and legacies||||3|538,748||538,748|396,449|
|Charitable
activities||||4|311,250|22,467|333,717|999,806|
|Other trading
activities||||5|2,548||2,548|152,143|
|Investments||||6|95||95|378|
|Other income||||7|161,149||161,149|16,154|
|Total income|||||1,013,790|22,467|1,036,257|1,564,930|
|~Ex eni+i~0;|||||||||
|Raising funds||||8|89,068||89,068|161,665|
|Charitable
activities||||9|657,559|70,945|728,504|1,239,508|
|Other||||13|6,316||6,316|17,479|
|Total resources expended|||||752,943|70,945|823,888|1,418,652|
|Net incomingl(outgoing)|||resources before||||||
|transfers|||||260,847|(48,478)|212,369|146,278|
|Gross transfers
between||funds|||14,007|(14,007)|||
|Net income/(expenditure)|||for the yearl||||||
|Net movement
in funds|||||274,854|(62,485)|212,369|146,278|
|Fund balances at 1 April||2020|||190,371|125,476|315,847|169,569|
|Fund balances at 31|March 2021||||465,225|62,991|528,216|315,847|
##
##
##
|Prior financial|year||||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds||
||||Notes|2020
f|2020
6|2020f|
|Income an|nd|rom|||||
|Donations and|legacies|||396,449||396,449|
|Charitable
activities||||918,423|81,383|999,806|
|Other trading
activities||||152,143||152,143|
|Investments||||378||378|
|Other income||||16,154||16,154|
|Total income||||1,483,547|81,383|1,564,930|
|gZg~diture
on:|||||||
|Raising funds|||8|161,665||161,665|
|Charitable
activities|||9|1,157,626|81,882|1,239,508|
|Other|||13|17,479||17,479|
|Total resources expended||||1,336,770|81,882|1,418,652|
|Net incoming/(outgoing)||resources before transfers||146,777|(499)|146,278|
|Gross transfers|between|funds||(4,096)|4,096||
|Net income/(expenditure)||for the year/|||||
|Net movement|in funds|||142,681|3,597|146,278|
|Fund balances|at 1 April|2019||47,690|121,879|169,569|
|Fund balances|at 31 March 2020|||190,371|125,476|315,847|
##
##
##
||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||6||
|Fixed assets|||||||||
|Tangible assets||||14||47,971||69,741|
|Current assets|||||||||
|Stocks||||15|670||2,000||
|Debtors||||16|189,303||116,033||
|Cash at bank and||in|hand||442,989||250,926||
||||||632,962||368,959||
|Creditors: amounts|||falling due within||||||
|one year||||17|(152,717)||(122,853)||
|Net current assets||||||480,245||246,106|
|Total assets less||current liabilities||||528,216||315,847|
|Income funds|||||||||
|Restricted funds
lt
tie df|d|||20||62,991||125,476|
|Designated
funds:|||||||||
|Operating
reserve|||||200,000||||
|Other designated||funds|||150,000||||
|||||21|350,000||||
|General unrestricted|||funds||115,225||190,371||
|||||||465,225||190,371|
|||||||528,216||315,847|
##
##
||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||Notes|E||6|||
|Cash flows from operating|activities|||||||
|Cash generated
from operations||25||191,968|||39,519|
|Investing activities||||||||
|Investment
income received|||||378|||
|Net cash generated
from investing||||||||
|activities||||95|||378|
|Net cash used in financing|activities|||||||
|Net increase in cash and cash equivalents||||192,063|||39,897|
|Cash and cash equivalents|at beginning|ofyear||250,926|||211,029|
|Cash and cash equivalents|at end of|year||442,989|||250,926|
##
##
##
##
##
##
##
##
##
##
##
##
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##
##
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##
##
##
##
##
|||Theatre|Independent|Creative Other projects|Creative Other projects|Total|Total|
|---|---|---|---|---|---|---|---|
||||cinema|learning||2021|2020|
||||2021|2021|2021|||
||||8|8|8|||
|Income from|chaditable|||||||
|activities||3,133|16,966|||20,099|686,382|
|Services provided||||||||
|under contract|||||||9,500|
|Performance|related|||||||
|grants||216,213|11,195|7,167|15,300|249,875|186,834|
|Other income||2,419||61,324||63,743|117,090|
|||221,765|28,161|68,491|15,300|333,717|999,806|
|Analysis
by fund||||||||
|Unrestricted
funds||221,765|28,161|61,324||311,250|918,423|
|Restricted funds||||7,167|15,300|22,467|81,383|
|||221,765|28,161|68,491|15,300|333,717|999,806|
||||||learning|||
##
|||||Theatm|Independent|Creative Other projects|Creative Other projects|Total|
|---|---|---|---|---|---|---|---|---|
||||||cinema|||2020|
|||||8|f|8|8|E|
|Income from|charitable||activities|409,028|230,637||46,717|686,382|
|Services provided||under|contract||||9,500|9,500|
|Performance|related grants|||163,000|13,714||10,120|186,834|
|Other income||||||117,090||117,090|
|||||572,028|244,351|117,090|66,337|999,806|
|Analysis
by fund|||||||||
|Unrestricted
funds||||500,765|244,351|117,090|56,217|918,423|
|Restricted funds||||71,263|||10,120|81,383|
|||||572,028|244,351|117,090|66,337|999,806|
##
##
##
||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2020|
||||||8|E|
||Trading|activity income:||Bar and Catering|2,548|152,143|
|6|Investments||||||
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||202'I|2020|
||||||6||
||Interest|receivable|||95|378|
|7|Other income||||||
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||2021|2020|
||||||E|E|
||Theatre|tax|credit||7,131|16,154|
||Coronavirus||job retention|scheme grant|154,018||
||||||161,149|16,154|
##
##
##
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
||||8||
|Fundraisin|and|ublici|||
|Seeking donations,||grants and legacies||1,932|
|~Tr ~in|||||
|Other trading|activities||2,002|62,149|
|Staffcosts|||63,182|70,007|
|Depreciation|and impairment||558||
|Support costs|||23,326|27,577|
|Trading costs|||89,068|159,733|
||||89,068|161,665|
##
##
##
|||Theatre|Independen|Creative|Other|Total|Total|
|---|---|---|---|---|---|---|---|
||||tcinema|learning|projects|2021|2020|
|||2021|2021|2021|2021|||
||||E|E|5|||
|Staff costs||110,412|17,573|26,755||154,740|280,907|
|Depreciation
and||||||||
|impairment||14,756|1,812|4,643||21,211|23,499|
|Production
costs||22,879||||22,879|37,054|
|Film hire and caniage|||7,571|||7,571|100,528|
|Other cinema costs|||1,958|||1,958|11,743|
|Marketing||27,620|2,272|||29,892|54,581|
|Creative learning||||30,615||30,615|23,862|
|Incoming tours||1,376||||1,376|97,011|
|Other expenses|||||||2,288|
|Other projects - Tamasha|||||||4,726|
|Other projects - Bring|me|||||||
|Laughter|||||48,913|48,913|42,229|
|Cinema project costs|||||||14,422|
|SRO BoxOffice costs||15,250||||15,250|11,116|
|Other projects - Sunset||||||||
|screenings|||||6,787|6,787|33,264|
|Other||20,579||||20,579|2|
|||212,872|31,186|62,013|55,700|361,771|737,232|
|Share ofsupport costs||||||||
|(see note 10)||236,225|89,243|30,394||355,862|410,403|
|Share ofgovernance|costs|||||||
|(see note 10)||10,871||||10,871|91,873|
|||459,968|120,429|92,407|55,700|728,504|1,239,508|
|Analysis
by fund||||||||
|Unrestricted
funds||451,043|120,429|79,300|6,787|657,559|1,157,626|
|Restricted funds||8,925||13,107|48,913|70,945|81,882|
|||459,968|120,429|92,407|55,700|728,504|1,239,508|
##
##
##
##
|Forthe year ended|31March 2020||||||
|---|---|---|---|---|---|---|
|||Theatre|Independen|Creative|Other|Total|
||||tcinema|learning|projects|2020|
||||6|6|6|6|
|Staffcosts||203,528|28,321|49,058||280,907|
|Depreciation
and impairment||16,267|1,812|5,420||23,499|
|Production
costs||37,054||||37,054|
|Film hire and carriage|||100,528|||100,528|
|Other cinema costs|||11,743|||11,743|
|Marketing||42,804|11,777|||54,581|
|Creative
learning||||23,862||23,862|
|Incoming
tours||97,011||||97,011|
|Other expenses||2,288||||2,288|
|Other projects - Tamasha|||||4,726|4,726|
|Other projects - Bring|me Laughter||||42,229|42,229|
|Cinema project costs|||14,422|||14,422|
|SRO Box015cecosts||11,116||||11,116|
|Other projects - Sunset screenings|||||33,264|33,264|
|Other|||||2|2|
|||410,068|168,603|78,340|80,221|737,232|
|Share ofsupport costs (see note 10)||253,653|103,774|52,976||410,403|
|Share ofgovernance|costs (see note||||||
|10)||91,873||||91,873|
|||755,594|272,377|131,316|80,221|1,239,508|
|Analysis
by fund|||||||
|Unrestricted
funds||733,169|272,377|118,816|33,264|1,157,626|
|Restricted funds||22,425||12,500|46,957|81,882|
|||755,594|272,377|131,316|80,221|1,239,508|
||||||0||||||||||||||||||||||||
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|||2021|2020|
|---|---|---|---|
|||Number|Number|
|Production - Full time||3|3|
|Front ofhouse|- Full time|3|3|
|Front ofhouse|- Part time|13|10|
|Admininstrative|- Full time|5|6|
|Administrative|- Part time|3|8|
|Creative leering - Full time||1|1|
|Creative learing - Part time|||1|
|Total||28|32|
|Employment|costs|2021f|2020f|
|Wages and salaries||418,411|580,806|
|Social security|costs|24,548|28,943|
|Other pension|costs|25,929|3,503|
|||468,888|613,252|
##
##
|13|Other||||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||2021|2020|
||Financing costs||||6,316|17,479|
||||||6,316|17,479|
|14|Tangible fixed assets||||||
|||||Leasehold|Fixtures and|Total|
|||||improvements|fittings||
||||||6||
||Cost||||||
||At 1 April 2020|||730,701|539,610|1,270,311|
||At 31 March|2021||730,701|539,610|1,270,311|
||Depreciation|and impairment|||||
||At 1 April 2020|||714,545|486,024|1,200,569|
||Depreciation|charged|in the year|8,925|12,846|21,771|
||At 31 March|2021||723,470|498,870|1,222,340|
||Carrying amount||||||
||At 31 March|2021||7,231|40,740|47,971|
||At 31 March|2020||16,156|53,585|69,741|
##
##
##
|16|Debtors|||||
|---|---|---|---|---|---|
|||||2021|2020|
||Amounts
falling due|within one year:|||6|
||Trade debtors|||56,594|73|
||Other debtors|||71,193|35,195|
||Prepayments|||61,516|80,765|
|||||189,303|116,033|
|17|Creditors: amounts
falling due within one year|||||
||||Notes|2021
8|2020f|
||Other taxation and social security|||5,660|7,187|
||Deferred income||18|40,785|37,612|
||Trade creditors|||35,991|30,905|
||Other creditors|||44,000|24,936|
||Accruals|||26,281|22,213|
|||||152,717|122,853|
|18|Deferred income|||||
|||||2021|2020|
|||||8|8|
||Arising from government|grants||5,958||
||Relating to post year end productions|||34,827|37,612|
|||||40,785|37,612|
##
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##
##
||||Balance at|Transfers|Balance st|
|---|---|---|---|---|---|
||||1April 2020f|f.|31 March 2021
f|
|Operating|reserve|||200,000|200,000|
|Capital programme||||80,000|80,000|
|Artistic Programme||Investment||30,000|30,000|
|Audience|Development|||20,000|20,000|
|Capacity|Building|||20,000|20,000|
|||||350,000|350,000|
##
##
##
##
##
##
##
##
|Analysis of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
|||F.|6|F||E|E|
|Fund balances at 31||||||||
|March 2021|are|||||||
|represented|by:|||||||
|Tangible assets||43,740|4,231|47,971|56,585|13,156|69,741|
|Current assets/||||||||
|(liabilities)||414,465|65,780|480,245|133,786|112,320|246,106|
|||458,205|70,011|528,216|190,371|125,476|315,847|
##
|under non-cancellable
operating leases, which
fall due a|
s follows:||
|---|---|---|
||2021f|2020
6|
|Within one year|18,797|36,071|
|Between two and five years|2,871|4,000|
||21,668|40,071|
##
|The remun|
eration
of key management
personnel
isas|follows.||
|---|---|---|---|
|||2021|2020|
|||6|6|
|Aggregate|compensation|48,500|36,740|
##
##
##
|25|Cash generated
from|operations|operations||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||5|5|
||Surplus for the year||||||212,369|146,278|
||Adjustments
for:||||||||
||Investment
income recognised||in statement||offinancial|activities|(95)|(378)|
||Depreciation
and impairment
oftangible|||fixed assets|||21,769|23,499|
||Movements
in working|capital:|||||||
||Decrease in stocks||||||1,330|1,893|
||(Increase)/decrease
in|debtors|||||(73,270)|890|
||Increase/(decrease)
in|creditors|||||26,692|(101,600)|
||Increase/(decrease)
in|deferred|income||||3,173|(31,063)|
||Cash generated
from|operations|||||191,968|39,519|
|26|Analysis ofchanges|in net funds|||||||
||The charity had no debt during||the year.||||||