2021-03-31-accounts - The Manchester Young People's Theatre Limited

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The Trustees and	The Trustees and	officers ser	ving during the year and since the year end were as follows:	ving during the year and since the year end were as follows:	ving during the year and since the year end were as follows:	ving during the year and since the year end were as follows:	ving during the year and since the year end were as follows:
Key management		personnel	Manchester Young People's Theatre Limited: Trustees and Directors
Chair			Mr S Lindsay	Resigned	3	March 2021
Chair			Mr J Akinola	Appointed		3 March 2021
President			Mr CAustin-Behan	(Resigned	3September		2020-
				Non Trustee role)
University	ofManchester		Mrs J Beggs	Resigned	1	November	2020
representatives:			Mr PJohnson	Resigned	1	December	2020
			Dr K Dorney
Manchester	City	Council	Cllr Alyas	Resigned	3	June 2020
representative:
GMCA representatives:			Cllr J Emsley	Resigned	(21March 2021)
				replacement		pending
Elected trustees:			Mr R Williams	Resigned	1	December	2020
			Cllr A Abdullatif
			Miss A Islam	Resigned	6	August 2020
			Ms RTennenhaus
			Ms G Gibb
			Ms G Flynn
			Mr J Wilkinson
			Ms F Ope
			Ms A Wilson
Secreta ry			Miss VYates	Miss VYates Resigned			30 May
				2021
			Mr M Fenton	From 30 May 2021

(including the	I	nco	me and	E	xpendit	ure Acco	unt)	unt)	unt)
						Note	Unrestricted			Restricted	Total Funds	Total Funds
							Funds			Funds	2021	2020
								f		E	f	f
Income:
Donations & Legacies
Donations									307	8,237	8,544	14,519
Income from charitable		activities:
Grants —core funding								1,101,652			1,101,652	1,084,515
Operation of building artistic programme		and	related						5,648		5,648	89,538
Provision of participatory			activities						41,912	349,709	391,621	197,734
Health &Science										60,850	60,850	79,893
Creative Experts									6,261		6,261	20,533
Capital Refurbishment		Project Grants								738,179	738,179	1,449,145
Income from other trading			activities:
Commercial trading operations									28,170		28,170	10,742
Investment income									372		372	3,285
Insurance claim												17,312
Other Income						10			181,931	193,720	375,651
Total income								1,366,254		1,350,695	2,716,949	2,967,216
Expenditure
Costs ofraising funds:
Commercial trading operations									38,116	43,662	81,778	56,831
Fundraising support	costs								62,967	180	63,147	62,670
Expenditur e on charitable			activities:
Operation of building artistic programme		and	related						946,302	328,979	1,275,281	934,062
Provision of participatory			activities						112,324	191,809	304,133	330,952
Health &.Science									10,870	29,141	40,012	45,891
Creative Experts									3,065		3,065	21,374
Capital Refurbishment		Project							17,113	62,584	79,697	132,988
Total expenditure								1,190,758		656,355	1,847,113	1,584,768
Net income/(expenditure) and net movement in funds for the year									175,496	694,340	869,836	1,382,448
Theatre Tax Relief									16,120		16,120	35,323
									191,616	694,340	885,956	1,417,771
Reconciliation offunds
TotalFunds brought	forward								397,575	7,424,650	7,822,225	6,404,454
Total funds carried forward									589,191	8,118,990	8,708,181	7,822,225
The statement		offinancial		activities		includes	all gains		and losses	recognised in the year.
All income and		expenditure			derive	from continuing		activities.
The notes on	pages		27 to 49		form an integral		part	ofthe financial		statements

	Note	2021	2020
		f	f
Fixed assets
Tangible assets	18	7,526,404	6,976,577
Total Fixed Assets		7,526,404	6,967,577
Current assets
Stock	19		239
Debtors	20	834,585	748,355
Cash at bank and in hand		872,135	599,788
Total Current Assets		1,706,720	1,348,382
Liabilities
Creditors falling due within one year	21	349,015	502,734
Net Current assets		1,377,049	845,648
Creditors falling due over one year	22	175,926
Net assets		8,708,182	7,822,225
The funds ofthe Charity:	23
Unrestricted general funds		429,192	237,575
Designated income funds		160,000	160,000
Restricted income funds		878,180	499,795
Restricted building funds		7,240,810	6,924,855
Total charity funds		8,708,182	7,822,225

					Note	2021	2020
						f	E
Cash used in operating	activities				26	916,478	1,443,322
Cash flows from investing activities
Interest income						372	3,285
Insurance claim							17,312
Sale oftangible fixed assets						(238)
Purchase oftangible fixed assets						(844,268)	(2,758,447)
Cash used in investing	activities					(844,133)	(2,737,850)
Loan from Manchester	City Council					200,000
Cash used in financing	activities					200,000
(Decrease)/increase in	cash and	cash equivalents		in the year		272,347	(1,294,528)
Cash and cash equivalents at the		beginning	ofthe	year		599,788	1,894,316
Total cash and cash equivalents		at the end	ofthe	year		872,135	599,788

Asset Category		Annual rat:e
Long term leasehold	buildings	2 —10%
Fixtures and fittings		20 —50%
Computer equipment		25 —33%
Motor vehicles		20%

3
	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2021	2021	2021	2020
	f	f	f	f
Donations	307	8,237	8,544	14,519
	307	8,237	8,544	14,519

4 Unrestric	ted	Grant Incom	e	from	Core Funders
						2021	2020
						f	f
GMCA (Greater		Manchester	Culture		gi. Social Impact Fund)	97,000	97,000
The University		of Manchester				41,080	41,080
Manchester	City Council					30,275	30,000
Arts Council	England —National			Portfolio Organisation		933,297	916,435
						1,101,652	1,084,515

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2021	2021	2021	2020
				f	f	f	f
Income	from theatre	performances		3,648		3,648	54,702
Income	from touring	productions					300
Income	from co-presentations						14,525
Income	from bar 5 merchandise		sales				310
Grime Commission				2,000		2,000
Curious	Minds						701
Live Art	UK —Diverse	Actions					12,000
Arts Council England		—Here and	Now				5,000
Ecclesiastical —Movement for Good Award							1,000
Tesco Bags of Help							1,000
Artistic	programme			5,648		5,648	89,538

6 Income for Provision of	6 Income for Provision of	Participatory	Participatory	Participatory	Activities
					Unrestricted	Restricted	Tot:al	Total
					Funds	Funds	Funds	Funds
					2021	2021	2021	2020
C Change						2,850	2,850
Co Creating Change					625		625
Creative Protagonists						10,923	10,923
Esmee Fairbairn Foundation					29,787		29,787
Far Apart UK						8,000	8,000
Future Fires						8,716	8,716	2,100
MCEP Youth Voice	Pilot					3,000	3,000
Other Income					4,000		4,000
Pop Up Beats								417
Project Lockdown								5,398
PRS								4,750
Radical Reads								1,320
Relative Values								2,290
SAPASS								1,240
Studio School						9,883	9,883
The Agency (Reaching Communities)					7,500	76,268	83,768	118,430
Weston Culture Fund						178,090	178,090
Young Manchester	Youth Action							10,000
Young Manchester/Groundworks						14,980	14,980	13,200
Young Producers programme			(Rochdale)					5,590
Youth R Play Creative Connections				Young		7,000	7,000
Manchester
Youth Music						29,999	29,999	32,999
Provision of Participatory		Activities			41,912	349,709	391,621	197,734

							Restricted	Restricted
							Funds	Funds
							2021	2020
							E	E
Wellcome Trust							60,350	34,500
Radiotherapy		&	Me —UoM Public Programmes					3,850
PHE/BHA I Am		Because		You Are				4,800
Manchester	City		Council					16,863
Curiosity Fund							500	9,880
North West Young People's Development					Trust			10,000
							60,850	79,893
8 Restricted		Grant Income for Capital Redevelopment				Project
							Restricted	Restricted
							Funds	Funds
							2021	2020
							f	f
Arts Council	England —Large Capital Grant						295,489	1,373,645
Arts Council	England —Kickstart						424,799
Wellcome Trust								65,500
Beaverbrooks		Charitable		Trust				10,000
Business Growth			Hub				2,891
Thomas Deane Trust							15,000
							738,179	1,449,145

organisations	and hir	e ofspaces and office hire.
			2021	2020
			f	f
Accountancy	services		16,475	8,292
Speaker &workshop		fees		2,450
Hire ofSpaces			3,820
Office Hires			7,875
			28,170	10,742

10 Other In	come
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2021	2021	2021	2020
HMRC CJRS				132,074		132,074
MCC - Discretionary		Grants		25,000		25,000
MCC- Local	Restrictions		Grants	24,857		24,857
ACE Culture	Recovery Fund				193,720	193,720
				181,931	193,720	375,651

			Artistic	Provision of	Health	Creative	Capital	Total	Total
			programme	participatory	Science	Experts	Re-
				activities	activities		develop
							ment
							Project
								2021	2020
Stock for resale	&
associated costs
Salaries			474,195	156,364	29,141			659,699	582,996
Facilitator fees,				141,431	5,111	3,065		149,607	168,512
project costs R
expenses
Travel,			1,986	6,338	191			8,514	32,856
accommodation		&
subsistence
Specialist fees R.							21,322	21,322	44,868
advice
Production &					5,569			5,569	13,163
touring costs
Artists fees and			30,828					30,828	104,621
box office splits
Commissioning	R		29,652					29,652	25,121
artist
development
Boxoffice and			62,565					62,565	40,397
marketing costs
Premises &			170,263				58,375	228,639	148,082
technical costs
Finance charges			10,193					10,193	2,623
Recruitment &			21,206					21,206	17,810
Training
Bad debts R.write			44					44	(504)
offs
Depreciation			294,438					294,438	124,144
Loss on disposal			(238)					(238)
offixed asset
Governance costs			17,572					17,572	25,777
(see note 11)
Support costs (see			162,577					162,577	134,763
note 11)
Total Ofthe f1,702,187		1,275,281 304,133 40,012 3,065 expenditure in 2020-21(2020:E1,465,265),61,089,850was					79,697 charged to	1,702,187 unrestricted	1,465,265
funds (2020:E1,065,074) and f612,333				to restricted	funds (2020:	6400,191),

				General	Governance	Total	Total	Basis of
				support f	function f	2021 f	2020 f	apportionment
Catering	for Board R		Trustee		1,968	1,968		Direct
Meetings and expenses Chair recruitment		general costs					305 415	Direct
Salaries,	wages	and	related	127,921	6,862	134,783	117,469	Staff time
costs
General	office costs			34,656		34,656	30,609	Direct
Audit R.	tax fees				8,741	8,741	11,742	Direct
Total				162,577	17,572	180,149	160,540

13 Net income/(expenditure) for the year
	2021	2020
This is stated after charging:	f	f
Operating leases —equipment Depreciation	4,106 294,438	9,870 124,144
Loss on disposal offixed assets	238
Audit fees	6,856	9,072
Tax fees	1,885	2,670
	307,523	145,756

Analysis ofstaff costs, trustee remune personnel	ration and expenses, and the	cost of key
	2021	2020
	E	f
Salaries and wages	809,601	760,621
Social security costs Pension costs	72,573 16,868	65,983 15,017
	899,042	841,621

of full-time follows:	equivalent em	ployees (including casual an	d part-time	staff) during	the year wa
				2021	2020
				Number	Number
Permanent	staff including	part time staff on permanent	basis	30	29
16 Related	party transactions

18 Tangible fixed ass	ets
	Land and	Fixtures	Motor	Compute	Total	Total
	buildings	and	vehicles	r	2021	2020
		fittings		Equipme
				nt
				f
Cost:
Brought forward	9,470,746	187,393	15,469	81,797	9,755,405	7,075,520
Additions	779,741	37,210		27,312	844,264	2,758,447
Disposals		(67,411)		(10,748)	(78,160)	(78,562)
Carried forward	10,250,487	157,192	15,469	98,361	10,521,509	9,755,405
Depreciation:
Brought forward	2,535,769	163,575	12,376	67,108	2,778,828	2,733,246
Disposals		(67,411)		(10,748)	(78,160)	(78,562)
Charge for the year	263,403	5,570	3,093	22,370	294,437	124,144
Carried forward	2,799,172	101,734	15,469	78,730	2,995,105	2,778,828
Net book value
Brought forward	6,934,977	23,818	3,093	14,689	6,976,577	4,342,274
Carri ed forwa rd	7,451,314	55,458		19,631	7,526,404	6,976,577

19 Stock
				2021	2020
				f	f
Merchandise					239
					239
20 Debtors
				2021	2020
				f	f
Trade debtors				82,918	113,373
Deferred costs				2,873	3,295
Prepayments		and accrued income		48,734	53,030
Grants receivable				692,190	384,107
VAT receivable				7,870	194,550
				834,585	748,355
21 Creditors:		amounts	falling due within one year
				2021	2020
				f	f
Trade creditors				123,634	414,277
Other creditors				1,106	1,124
Accruals and	deferred		income	174,598	68,676
Taxation and	social security costs			25,603	18,657
Manchester	City Council Loan			24,074
				349,015	502,734

				2021	2020
				f	f
Manchester	City	Council	Loan	175,927
				175,927

Loan	s r	epay	able by instalments:
				2021	2020
				f	f
Due	in	less	than one year	24,074
Due	in	one	to two years	20,051
Due	in	two	to five years	64,649
Due	in	over	five years	91,226
				200,000

						Funds 31
			Balance 1	Incoming	Resources	March
			April 2020	resources	expended	2021
			f	f	f	f
General fund			237,575	1,382,375	1,190,758	429,192
Designated	fund	(Capital
Redevelopment		Project)	160,000			160,000
Total			397,575	1,382,375	1,190,758	589,192

Analysis of movements		in restricted
funds
			Balance 1 April 2020	Incoming resources	Resources expended	Transfers	Funds 31 March
			f	f	f	f	f
Building Fund			6,924,855		272,764	588,719	7,240,810
The Agency Phase 3			100,293		31,057		69,236
The Agency extension	1			30,585	25,570		5,015
The Agency extension	2			45,683	13,749		31,934
Esmee Fairbairn Foundation			13,591		13,591
Transport for Greater	Manchester		1,000		1,000
Media Drop 2.0 (Youth Music)			26,302	29,999	41,725		14,576
Wellcome Trust (Health		8,Science
Producer)			21,796	60,350	29,141		53,005
Diverse Actions (Live Art		UK)	1,206				1,206
Capsule 2119			925		45		880
Youth 5 Play (Young Manchester)
Creative Connections				14,980	940		14,040
Creative Protagonists	(Reclaim)			10,923	5,965		4,959
MCEP Youth Voice Pilot
				3,000	1,250		1,750
Future Fires
				8,716	1,530		7,186
Studio School
				9,883	5,455		4,428
C Change project				2,850			2,850
Far Apart				8,000	536		7,464
ACE Culture Recovery	Fund			193,720	136,064		57,656
Weston Culture Fund
				178,090			178,090

Curiosity	Curiosity	Fund	Fund					Curiosity, a partnership between BBCChildren in Need and
								Wellcome, is funding a new arts project for children aged
								15-16 within an area of high deprivation who may be
								disabled or experience mental health.
CASE	programme			(Curious			Minds)	Curious Minds are funding a place for an employee on the
								CASE training programme (Creative Arts School Experts).
North		West		Young			People' s	The North West Young People's Development Trust is
Development			Trust					funding Arts for Mental Health, a six month programme of
								free participatory arts activities for young people, delivered
								by young people.
The	House		is	on	Fire		(Young	Young Manchester is funding a youth social change
Manchester)								symposium to be delivered in Manchester in 2020.
Here	5	Now	(Arts Council				England	Contact is a partner venue on the Future Arts Centres Here
/ Future		Arts	Centres)					5 Now project, a national programme of commissions to
								celebrate the National Lottery's 25'" anniversary.
Manchester			City	Council		Health 5		Manchester City Council are funding a Community Arts
Care Commissioning								Intervention with young parents in Wythenshawe,
Capital Redevelopment						Project		This fund consists of grants and donations to support the
								capital redevelopment project
Young	Manchester-Youth						S. Play	Young Manchester is funding a programme for youth
Creative		Connections						workers and arts professionals to share best practice and
								build new partnerships.
Creative		Protagonists						Young Manchester is funding a grant to co-deliver a 12
								month pilot project that will young people from working
								class backgrounds in Manchester to exploring art and
								activism .
MCEP	Youth		Voice Pilot					Grant to deliver workshops forthe Creative influencers two
								youth boards supporting the work of Manchester Cultural
								Education Partnership.
Future	Fires							Education and Skills Funding Agency is funding a leadership
								programme supporting young people to run their own
								socially engaged arts projects.
Studio	School							The National Lottery Community Fund is funding a music
								project for young people in alternative education or at risk
								ofexclusion.

			Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds	Funds	2021	2020
			f	f	f	f	f
Tangible fixed assets			59,472		7,466,932	7,526,404	6,976,577
Cash at bank and	in	hand	443,047	160,00	269,088	872,135	599,788
Other net		current
assets/(liabilities)			(73,326)		382,969	309,643	245,860
Total			429,193	160,000	8,118,989	8,708,182	7,822,225

	2021	2020
	f	f
Not later than 1year	1,249	3,641
Later than 1year and not later than 5years	988	1,068
	2,476	4,709

					2021	2020
					f	f
Net movement in funds					885,956	1,417,773
Add bacl&	depreciation	charge			294,438	124,144
Deduct interest %insurance			claim (investing	activities)	(372)	(20,597)
Loss/(profit) on disposal of			fixed assets		238
Decrease	in stocl&				239	244
Increase	in debtors				(86,230)	(335,748)
Increase	in creditors				(177,792)	257,506
Net cash	used in operating		activities		916,478	1,443,322

		Balance		Non	Balance
		1April 2020	Cash Flows	Cash Changes	31March 2021
		f	f	f	f
Cash	S.cash equivalents	599,788	272,347		872,135
Loan	from Manchester
City	Council		(200,000)		(200,000)
		599,788	72,347		672,135

		Balances	Balances	Balances	Funds	Funds		Balances	Balances
		Held	at	1	Received	Paid		Held	at
		April						31March
		2020						2021
		f						f
Console.	Code			667
Hate Crime Awareness				40					40
Uniquely	Us			618					626
			1,325				667		666

ofthe commitment conditions ofgrant	is funded by the Arts Co funding.	uncil and this is	subject to their stan	dard terms an	d
				2021	2020
				f	f
Capital expenditure	that has been contracted	but has not been provided for in
the financial statements				57,767	607,756
Capital expenditure	that has been authorised	by the Trustees	but has not yet
been contracted				189,914	65,669
				247 681	673425