Charity RegIsttion No. 508829 Company Registraition No. 01415547 (IDgland and Wales) THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMrrED BY CUARANTEE) ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 111 ABE7NRR6 08110rd022 COMPANIES HOUSE A15
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THE OLDItAM COLISEUM THEATrE LIMITED (A COMPANY LIMITED BY GUARANTEE) coNrENTS Page Group Tntees, and Directors. report 1-14 Consolidated independent auditofs rep)rt 15-18 Consolidaied statement of financial activities 19 Consolidated balanc¢ 5h¢d 20 Consolidated Statement of cash flows 21 Notes to the accounts 22-35
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 CHAIR'S FOREWORD It is wth great pleasure that I submit my Report as Chair of the Board of Trustees of Oklham Coliseum Thealre Limited for the year April 2021 to March 2022. Yet again we had to live Vdith Covid throughout much of this last year but al long last we were able to open our doors fulty to audiences for what were wonderful Autumn I Winler and .Spring I Summer seasons. Our panto was back loo, filling our fabulous audilorium full of laughter amidsl the smiling children and adurts whith packed its seats. It is good lo remind ourselves that we are here to entertain and Artislic Director Chris Lawson and his team brought that to us all through our most diverse series of plays. musicals and events. Whether you sat in our auditorium. watched the Coliseum at Oldham Library or interactively from the comfort of your own sofa, we hope you enjoyed our shows. Our other main focus is to connect wlh people fr( across the vthole of our local ccThmunity and beyond. Alongside welcoming audiences to our shows, the Leaming and Engagement Team continue to WO with local organisatKJns. communilies and the wider health and education seNices lo help give people the chance to create and develop their skills in an artistic and cseative environment. This work goes from strength to strength each year. The leam have worked hard to make the theatre as welcoming as possible, and whilst we cannot change Ihe size of the public areas. the revamped bar and shop areas are now more accessible. The front of house and housekeeping team have Vrked hard to make everyone's visit as safe as F4)ssible Covid measures in place throughout the building. The Board of Trustees viish to thank the Chief Executive Officer. Artist Director and all the staff and volunteer leams who have Vrked so hard throughoLrt this last 12 months. It is only through their endeavour that we have been able lo come back from Covid closure so strongly. We also thank those staff who have either retired or left for other career opportunities, for all their commilmenl and we wish them all the very best for their futures. We continue to work with Oklham Counal and Arts Counal England in the ongoing development of a new perfomiance Spa in Oldham. We all remain committed to making this happen and much work has been d¢Me in this last year to further the plans and funding of this new multi-use space, which will be a huge asset for the people of Oldham to use as well as the new home lor Oldham Coliseum. We, like many businesses in lockdown, were rpr.ipienls of Govemment support which (alongside the extra support received from Oldham Council during this timel has enabled us to survive when we unate to operale. Grants from other Foundations and ongoing statutory support from both Oldham Ccwjnal and GMCA allow us to continue to work trf)th as a Iheatre and as a centre of artistic leaming and engagement."Wtlhout the huge financial support from Arts Council England. the Coliseurn would not be able to operate in its present form. We remain indebted lo them for their continued belief in cHJr shared vision and their support of our work.
The Board of Trustees have been fad with some crttical challenges this year and we have undertaken several pieces of work to l(KJk more closely at how we operate both as a board and as an organisation. This has been challenging and added greatly to the time my fellow trustees already commtt in temis of serving on the Board. I wish to thank them all for their huge commitment and viisdom as we continue to evolve as an organisation. Two new Trvslees were fomially appointed throughout this year. bringing additional skills and experttse. We also said a reluctsnl goodbye to Jeremy Woodhou5e who resigned from the Board. We thank him for all his work over several years and wish him well in his role at Chithesler Festival Theatre. Finally we thank all of our supporters. okl and new. for their nb.nLfred support and sponsorship. Your support has been invaluable. We are Ihrilled our stage is lit once again and we l¢yJk forward to seeing you in our theatre in the year ahead. Jan O'connor
General Infonnation Trustees and Directors Jan O'connor (Chairl Cllr Barbara Brownridge Anwar Mi OBE Stuart Brornley (Irom 515121) Brigit Egan (sabbalical) Sandy Hawkins OBE Rachel Jones Sadia Rahman Naseer {from 817121) Martin R(xhe Jeremy Woodhouse (resigned 2112122) Cllr Sam AVH2mdani {Elected Trustee) {OMBC Appointed Trustee) {Elected Trustee) (Elected Trustee) {Elected Trustee) (Elected Trustee) (Elected Trustee) {Elected Trustee) {Elected Trustee) (Elected Trustee) (OMBC Appointed Trustee) Observers representing Coliseum Youth Advisory Board: NIA due to Covid-19 Company Se¢retsry Susan Wildman Registered Office and Trading Address The Oldham Coliseum Theatre Fairbottom Street Oldham OL1 3SW Senior Statutory Auditor Michael Royle BA(Hons)FCA Auditors Chadwick and Company Chartered Accountants and Statutory Auditor Capital House 272 Manchester Road Droylsden Manchester M43 6PW Bankers C&operalive Bank plc 35B The Spindles Oldham OL1 1HE Nal West Bank plc 10 Yofkshire Street Oldham OL1 1QT Virgin Money plc 47 Market Place Oldham OL13A8 Key Officers of the Charity Chief Executive Susan Wildman Artistic Director Chris Lawson
The trustees present their forty4hird report and the audited accounts for the year ended 31 March 2022. Objects and Activities Oldham Collseum's Objects The charity was established lo promote. maintain, improve and advance education by encouraging the arts in general and Contemary music. fine crafts and arts in particular. Activity. Vision and Mission The Coliseum's principal actiwty is the staging of theatrical productions and offering opportunities for beneficiaries to engage in learning activities through participalion in cultural production. Our Vision and Misslon Vlsion The Collseum Theatre's vislon is to enhance and enrich the lives and lrfe chances of the people of Oldham and to inspire a new generation of artists. Mission Values Oldham Coliseum is the leading cultural organisation in Oldham, supporting its vibrant and diverse community with great theatre and opportunities to learn and engage with arts and culture. In support of artistic excellence. we commit to the following values: Innovation.. embracing new ways of working to achieve wsitive change Creativity.. enabling imaginalive ideas to flourish Inclusiveness.. involwng people who might otherwise t marginalised and with a focus on supporting ethnic minority, LGBTQl+ disabled and working- class communities Community: promoting a strong ethos of service to the public, based on teamwork and mutual respect Collaboration.. working with a wide range of stakeholders and partners We will deliver this through collaboration, inspiring artists and our communities to deliver exciting new work; we will do this in spaces and places around Oldham. We will also seek to support the wider cultural sector. creating work of a high quality with an appeal beyond Oldham.
Aims i. Commission. produce and present exceptional work relevant to our communities 2. Develop and support new and emerging talent within Oldham. Greater Manchester and the wider region, wdening access to artists th protected characteristics and supporting artists to develop and express their creativity 3. Provide a range of accessible participatory proiects and establish a centre of educational exllenCe for theatre 4. Develop new arts aUdIenS for the future 5. Ensure a sustainable and well-managed cornpany. defined by good govemance, inclusive leadership and effective financial and environmental stewardship
Summary of the main aclivitles and achievements during 2021-22 OveNiew of the year As reported in our Annual Report for 202Ck21, the Coliseum closed its doors on 16 March 2020 for only the second lime in its history. We did not re-open again to the public until May 2021, with an event celebrating Roma herilage and music. This was the oulcome of a five-year collaboration wtth Roma-led chartty Kaskosan. li is a good example of the work we undertake wth Oldham's communtties, enhanung mental wellbeing through arts activity. Very much in the spiril of our business plan. it exiends 81 we do on stage and demnstrales our commitrnent to Ihe borough of Oldham. This event alkjwed us to test our Covid-safe welcome and to pilot new ways of working. We also welcomed leading politicians into our building- the first non-theatre staff to see the Coliseum stage in over a year- as soon as pemission was given for the hospilalty sector to re-open. We decided to adopl a "most likely scenario" approach and to respond flexibly as the pandemic continued. Our objectives f< 2021-22 were: To provide inspiring leaming experiences that engage a diverse range of children and young people in cultural education and training. and through this. facilitate clear progression routes, so Ihat these young people are supported n pursuing a career in the Ferfoming arts. To further develop and extend the Coliseum's read) into targeted communrties, providing opportunities for partiapanls to explore, connect and refiect on the wotld around them through co-produced theatre projects. To produce a specific and highty relevant programme of cultural production with and for people of British South Asian Heritage. To play a fijll rde in the Oklham Partnership Board, and respond lo the outcome of the decision on the Town Investment Plan by working with the counal and other partners to meet deadlines for adion on a Fdanned new perf0rrnan space. During 2021-22 we delivered the folk)wing: Whodunnit at the Coliseum, a digttawinleradive murder mystery show in cc production with Front Room Prc*Juctions 7 digital micro-commissions A virtual theatre tour and talk pack to 10 EdUCatn Partner Schtsjls Teaching Theatre Pathways to 10 NEET young people, and continued 4 Palhways Neork Legacy sessions with previous participants An Acom digital Live Zrn production in assouation wth Impel Theatre troronto)- 2 Toronto actors and 2 Gm-based actors
Rernole participatory work wth marginalised gr{pS through Full Cirde online and 'Stsmp'. Chateau Ghoul digilal show by Lipservice Start of KALI Theatre wrtters prqect for South Asian Female idenlfying artists (with Leeds Playhouse & Hampstead Theatre) Support for the Children's Shakespeare Festival through online ffilm (in partnership with North West Drama Services) Pride Events induding Cabaret night and showcasing of 2 supported artists {with LGBTQI nettvork and Oklham Pride) A Culture Trail fc primary sch(K)Is, pr(Nnoting physical wellbeing and use of green spaces The Great8St Play in the History of Ihe World, repenIng our drama offer A new Coliseum website, whith went live in July 2020 Outreach sessions with Oldham's Roma young people Love N Stuff, a Coli5eum- produced show directed by Gitika Buttoo. in aSSlatIon with and transferring to Waltord Palace Our successful panto Aladdin 2 Young Rep tours {online and in person), engaging c 300 earfy years, children & families. Some of our work could not go ahead as planned th 7 productions Canlled and 30 performances cancelled as a direct resull of the pandemic. Restrictions introduced during Covid further reduc£d our capacty by 16.897 seats lan eslimated equivalent loss of £116.855)- During 2021-22 the average number of visits to our website per month was between 10.001 and 20.000- a substantial increase on 2021>21. We also generated a similar number of unique visitors. In tems of social media. we have 13.032 follovlers on Twtter, 10.855 on Faceb(M)k and 3,293 on Instagram. We also have followers on Linkedln and YouTube. Last year there were 82 uploads of new content. wilh viwng figures of 20.491 (more than double Ihe previous year). Our total in-year viewing figure lor all content was 43,845. Our leaming activity options offered a total of 206 sessionslevenls in 2021-22, all but two of these for children and young people. A total of 6.782 young people and 50 adults took part.
Public Benefit In shaping our objectives for the year and planning our aclivities. the trustees have considered the Charity Commission's guidance on public benefit. including the charging of fees. The charity relies on the income from grants army from fees and charges lo cover its operating costs. In setting ihe level of fees and charges. nCipallY the price of tickets for theatre shows. the truslees give c(N)sideration to the accessibility to activities for those on low income. offering tickets at discounted rates, including an initialive to encourage attendance at its productions by people under the age of 26. The theatre also offers many free participatory activilies. Anal sis of Public Benefit The types of benefit that these objects wcffiote are to.. advance attendance at and therefore advance apprecialion of beneficiaries in a variety of performance events, induding drama. dance and music-making" advance paCIpatiOn in and therefore advance appreciation of beneficiaries in a variety of artisti¢ fomis, including drama. dan. writing. music-making, ¢yafts and digital arts- provide educational opportunities for benefiaaries through specific training programmes and by partiopation. or attendance al artistic events. facilitate swal integration and cohesion by prowding opportunities for people from dtfferent bacJ(grounds to participate in artistic actrlIeS together, fostering a better understanding of each others cajltures. The performance and participatory programme is constantly under review lo respond to patterns of attendance. and demographic and LK)x office data is analysed lo enable the Company to target under-represented groups. In 2021-22. we continued to respond to the community's needs during the coronavirus pandemic by creating digital and online opportunits'es for particspation and engagement and by offering socially distanced performances for vulnerable and more cautious audience members. The Coliseum ¢tInueS to support the Greater Manchester arts ecology, wrxking in co- operation with the region's theatres and arts organisations. to deliver a comprehensive and diverse programme of work for visitors to Ihe region and its residents. We provide opportunities for emerging companies and artisls. including showcasing platforms through our studio Ihealre. We support universities and drama schools to promote learning within Ihe theatre induslries. We provide a range of opportunities f(K young people in Greater Manchester io develop skills and explore pathways into Ihe creative industries. The aim of our main stage and studio progr8mme is lo enhance the well-being of residents and positively contribute to pla making. whilst supporting the work of emerging artists and local talent. During the pandemic we continued to make our work widely available and supported a wide range of artists through our creative output. Programmes of activity are open to the general public. bul beneficiaries who access the Coliseum's performances and partiapatory work are prinapally resident in the Norlh West region of England and predominantly live within the boroughs of Oldham. Tameside. Rochdale and Manchester.
The Coliseum undertakes to minimise its environmental impact as far as possible. We continue lo make conscious choices about our operations that are respectful of the environment and our use of resources. Volunteers The Coliseum is extremely grateful to the volunteers who work with the company, particularly our team of over 40 Customer Experience Volunteers who are involved in the smooth running of front-of-house activities and give all visitors the best possible welcome to the theatre. Directors, View It Is the view of the board of trustees of Oldham Coliseum Theatre that the actNities carried out during the period April 2021 to March 2022 fulfilled the principal specific aims of the programme outlined above. despite the challenges presented by the coronavirus pandemic. The activty of the charity therefore offers public benefit as it advances appreciation of the perfom)ance and participatory events for beneficiaries during the year. provides diverse educational opportunities and facilitates social integration by providing opportunilies fw people from different backgrounds to parknapate in artistic aclivities together. FINANCIAL REVIEW Principal Funding Sources The charty acknowledges thanks the continuing revenue funding from three principal slakeholders- • Arts Counul England . Greater Manchester Combined Authority . Oldham Counul. The genercHJs investmenls from these organisations enables the charity to deliver ils diverse and ambitious programme of cultural activity. The trustees are thankful to all donors who have financially supported the charity over this last 12 months.
The Coliseum Theatre benefitted from finanaal supwrt from the following sources in 2021-22 to support specific proiect-based actiwty: Source Activity supported Support to the Leaming and Educalion programme- LED general Support to the Leaming and Education programme- Roma Connections Support to the Leaming and Education prcKJramme- Teaching Theat Pathways Support to the Leaming and Education prcrt3ramme- Daisy Nook heritage trail Supwrt to the Learning and Education programme- Digttal Ccmmunities Jigsaw Foundation- £5,513 Ideas FurKfj- £28,568 ESF Community Grant- £2.481 GM Action Together- £4.500 Granada Foundation- £5,000 TOTAL £46.062 Business perfonnance Core public funding over the 3-year period has remained constant and additional funding has been obtained again this year as a result of the pandemic. Tolal funding has decreased by £242k from the previous year. Funding has enabled reserves to be strengthened and has supported the continued operabon of the Coliseum. Included in this figure is £26k received from the Coronavirus Job Retention Scheme (2021.. £243k). Financial Results and Resen6 Income has increased to £2.005,493 {2021.- £1,485,186)- Expenditure has increased to £1,767,395 (2021.. £1,186,808). Net InmIng resources in the year are £321,862 (2021.. £314,921). Investments Policy The trustees seek the most appropriate policy for investing fvnds. Investment during the year generated £7712021.. £960). Reserves Policy The amount of unrestricted reserves at 31 March 2022 was £665.805 (2021: £360,159). The level of these reserves is constantly monitore(J. The Irustees consider thal this level of reserves is necessary as a significant amount of its funding is awarded on a project or annual basis and therefore there is no certainty that the level of funding required to continue and develop the company's aclivits.es will be guaranteed. PLANS FOR 2022-23 Our plans for the ccming year include the folk)wryng objectives. We will ensure we welcome family audiences by produong ts¥o family shows and increasing family programming. Our artistic programme will indude- io
A Coliseum prOduCtn of The Jungle Book for a tsmily audience at Easter, Beryl by Maxine Peake and a Coliseurn Premiere of commissioned play We Should definitely have more dancing, by lan Kershaw and Clara Darcy which tours to Edinburgh and regional theatres. and a traditional Christmas panto Robin Hood (a new title in place of Mother Goose) A drama offer which includes a main stage produdion of 'My Voice Was Heard, by ColiseumlRed Ladder. vistting drama Jitney CA>produced by Headlong and Leeds Playhouse and 5 visiting weeks including Northem Broadsides lQuality stet), John Godber Company, GIerBall by Rrfco, Crimes on cent Court and When Darkness Falls 13 visiting one-night events We are supporting artist development through a parlnership project with disabled-led company Vital Exposure and by supporting seven Artislic AS$(lateS. We will develop and support artists and underrepresented groups and wll host a one-week Cullivate Feslival for emerging artists across the region. We will continue to provide inspiring leaming experiences that engage a diverse range of children and young people in cultural education and training, and through this, facilitate clear progression routes. so thal Ihese young peopie are supported in pursuing a career in the performing arts. Our work with young people will include a Children's Shakespeare Festival in partnership with North Wesl Drama serViS. We plan to engage arca 500 young people in our Secondary Education Partnership Stheme and CtInue our Vrk as an Artsmark partner, suppor1ing a minimum of 4 schools through theirArtsmaTkjoumey. Our Teaching Theatre Palhways programme for NEET young wll continue and wll deliver a focused education programme for children who are new arrivals and for Roma children and young people in partnership wth Greenacres School and Kaskosan. We wll also produce a specific and highly relevant programme of cultural production with minorily elhnic communities. in particular people of British SoLrth Asian and Gypsy. Roma and Traveller IGRTI Heritage. This wll indude three Gypsy Jam events and a Khushi Festival in August. We will launch an adult strand of RcK)ts to Routes following Khushi and Continue to work with children and young people from rninortty ethnic backgrounds in partnership wth Kingsway Park High School. We will continue to serve Oldham and enhan the health and wellbeing of Oldham's communities through arts provision thal builds creatiwty and social connections. Our Roma well-being project in partnership wth Kaskosan and Universty of Salford wll continue alongside our work wth Regenda Homes to address loneliness and isolation in Hollinwood. We wll pibl a series of 6 accessible adull acting dasses and expkjre devekfyping a legacy project for Pakistani women engaged in Ageing Equally. in partnership with Chai Projects. We will continue to review our suppliers and seek to buy from Ial suppliers wherever possible. or from suppliers closer to Oldham. The Coliseurn has worked wth Oldham Council throughout 2021-22 on a project to create a new performance space in Oldham. This project, whith awaits the outcome of a final li
business case presented in support of Town Deal funding, wll continue during 2022-23. We will continue lo support the design team delivering this project, helping them to design a building which wll serve as a new home for the Coliseum and which will encourage artistic partnerships across the borough. The year will see us work (M) a business plan which will take us towards this new home. structure and Govemance ststus The Oldham Coliseum Thealre Ltd (the Coliseum) is a company limited by guarantee and registered under the Companies Act 1985, registration number 1415547. Its activities are govemed by its Memorandum and Articles of Association given at Companies House, Cardiff, incorporated on 16 February 1979. as amended on 1 October 1996, 9 July 2003. 28 June 2007 and 1 December 2016. It is a registered charity. charity number 508829. registered 26 June 1979. The Company has been granted exemption from Corporation Tax as a charity under Section 9(4) Income and Corporation Taxes Act 1988. The directors are trustees of the Oldham Coliseum Theatre Ltd. and r1Ve no remuneralion for Iheir services. Membership of Oldham Coltseum Theatre Membership of Oldham Coliseum Theatre is open to any indivKfjual approved and resolved to be admitted by the board of Iruslees. The numtr of members of the Coliseum shall not exceed 50. The cuent mernbership is 8 people, being truslees of the organisation. Appointment and duties of Trustees The policy of Ihe Coliseum is to advertise for new trustees and appoint according io crileria set down in a role description. Trustees can only be appointed from the membership of the Coliseum. The trustees have the power of appointir new trustees al Iheir Board meetings. New trustees are then wnfimied in their posts al the next annual general meeting. Truslees retire after three years. Servi at the annual general meets.ng and may sland for releclion al that meeting, subject to the number of iemis served. On appoinlment trustees receive a written induction which contsins a summary of their legal status and responsibilities. the Coliseum's memorandum and artides of assouation. the most recent business plan and annual report, including audited accounts. The board of trustees meel each month fc etlher a fomal board meeting or focus meeling. Meetings are either on z(M or in person. There have been ten formal, four extraordinary and two infonnal meetings in the past year. The board may have a maximum of 18 members. Of that number up to four members are councillors" are appointed by Oldham Council and two may be appointed by the Greater Manchester Combined Authorily. GMCA irKlicated that Ihey would not be appointing two councilbrs lo serve on the Board in 2021-22. One trustee stepped down in February 2022 and one continued a period of sabbatical. Two were confirmed as trustees following a perK)d as observers. 12
There are standing committees of the t*)ard whith at March 2022 were fc finan. audience development & marf(eting. and personnel. All committees report back to the board. Trustees delegate operational managernent of the Coliseum to the Chief Executive, monitoring activity through Board meetings. This tN)sitson is a key officer, accountable to the board, with responsibility for the business fijnctions of the Coliseum. The Chief Executive works ak)ngside the Artistic Diredor: together they make up the Coliseum's Executive team. The Artistic Director is a permanent appointment. The Chief ExecLrtive is on a fixed-te contract to March 2023. The trustees reserve the right to make l¢Jng-tenn strategic decisions concerning the mission. aims and objedives of the company. SLernent of the review of risks The Coliseurn is in receipt of core funding from Arts Council England as a National P(Mtfolio Organisalion {NPO). This funding was extended. on application. for the financial year 2022- 23. A further application for NPO funding has been submitted and a decision is awaited. Throughout 2021-22. the Cdiseum worked to a Business Plan approved by the Board and submitted to Arts Counul England {ACEI. Regular reports were provided to ACE by the Coliseum. A Risk Regisler, which indudes risks relating to Covid-19, is kept by the Chief Executive and shared regularly with the Finance Committee and with the Board. The Coliseum continued to be affected by the coronavirus pandemic throughout 2021-22- it did not re-open following lockdown until May 2021. The theatre mained subject to restiictions throughout this financial year and was affected by the loss of shows (and therefore loss of incorne) due lo Cowd-19. The charity receives approximately 31 % of its inuyne from ticket and ancillary sales. It is therefore vulnerable lo a reduction in sales ince. A realistic approach to sales targets has been taken, with a view lo carefully monitoring the sales and reforecasting if necessary. The theatre programme evolves lo recognise the changing financial climate and the need to both retain existing audiences and attract new ones. The charity continues to mitigate risk by maximising its potential to access external sources of income. such as individual giving. point of sale donations. business sponsorships 2nd partnerships with key stakeholders locally and across Ihe city region. It also applied successfully for additional pandernic-related funding during 2021-22. Statement of Disclosure of Infomiation to Auditors So far as each trustee at the date of approval of this report 15 aware.. There is no relevant audit infomiation of which the company's auditors are unaware- and 13
• The trustees have taken 211 steps that they ought lo have taken to make themselves aware of any relevant audtt information and to establish that the auditors are aware of that informati. Stalement of Trustees, Responsibilities The trustees, who are also the directors of The Oldham Coliseum Theatre Limited {a Company limited by guarantee) for Ihe purpose of company law, are responsible for preparing the Trustees'lDirectors' ReFQrt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AcClnting Practice). Company Law requires the Trustees lo prepare finanaal statements for each financial year which give a true and fair view of the slate of affairs of the company and of the incoming resources and application of resources, including the income and expenditure. of the charitsble company for that year. In preparing these finarrial statemenls. the trustees are required to= select suitable accounting polictes and then apply them consistently observe the methods and principles in the Charities SORP make judgements and eslimates that are reasonable and prudenl stste vthelher applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the financial slatements. and prepare the financial slalements on the going CL)ncern basis unless it is inappropriate to presume that the company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial slatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company arid hence for tsking reasonable steps for the preventK)n and deledion of fraud and other irregularities. Auditors Chadwick and Company have expressed their willingness to accept reappointment. Approved by the Trustees and signed on their behalf by JAN O'CONNOR . Dale.. 5 (ktober 2022 Jan O'connor Director and Chair of the Board of Trustees 14
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMtTED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OFTHE OLDHAM COLISEUM THEATRE LIMrrED (A COMPANY LIMtTED BY GUARANTEE) Opinion We have audited tb¢ consolidated fmancial 5tstements of The Oldham Coliscum Tbeatre Litnited (the 'parent charity,) and its trnding subsidiary for the year ended 31 March 2022 which ¢omprise the consolidaied ststement of fuwicial activities, the consoltdated balance sheeL the consolidated ststement of cath flows and the notes to the consolidated financial ststeTnents, including A summary of si8nificaDt accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom AccountlDg StaDdards. includiDg Finarlcial ReportiDg Stsndard 102 The Fipts7ncial Reporting Siandard applicable in ihe UK and Republic oflreland (United KiDgdoTn Generally Accepted Accounting Practice). In our Opinion, the firyaocial ststetnents.. give a true 8nd fair view of the state of the wp and ctlaritable company's affairs as ai 31 March 2022 and of its incoming resowce5 and application of resources, for the year then ended. have been properly prepared in accordance with Uniied Kingdom Generally Accepted Accouniitig Practice. and have been prepared in a¢cordallce with the requimenLS of the Companies Act 2006. Basis for opinion We conducted our audlt ill #ccordance with ItstentIonaI Sratthds on Auditing (UK) {ISAs IUK)) at applicable law. Our responsibilities under those standards are fither described in the Audz'tOTS responsibilities for the audEi of ihe finonciol S¢oiemenLV section of our report. We are independent of the company in accordance with tbe ethical Tequirements that are relevant to our audit of the finau¢i#l ststetnents in ttrle UK, including the FRC'S Ethical Standar(L aud we havc fidrill our oth¢r rthical respollsibilities in accordance wi¢h these requirements. We believe that the audit evid¢ne¢ we have obtsined is sufficient and appropriate to PTovide a bAsis for our opinion. Conclusions relating to going concern auditing th¢ fllwicial stst¢m¢nts, we hav¢ concluded that the Trustees'ldirectors. use of th¢ going concern basis of ac¢ounting in the preparation of th¢ fLtwi¢ial ststements is approptiate. Based on the work w¢ have perfornied, we have not identified any material Lmcertainties relAting to events or conditions tbat, individually or collectively. may cast signiflcant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Tn]stees with tespect to going concern ar¢ dts¢ribed in the relevant sections of this repotL 15
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE OLDHAM COLISEUM THEATRE LtMITED (A COMPANY LIMITED BY GUARANTEE) Other information The other illforrnation cornprises the infomiation included in the annual report other than the fancIal statements and our auditor's report thcrwn. The Trustees are resp)nsible for the other informatlOD contained wiihin the anDual report. Our opinion on the financial statements does not cover tbe otber iDfornJatioll and, except to the extent otberwise explicitly stated in our r¢porL we do nol cxprcss any foTm of asswance conclusion thereon. Our responsibility 15 to read the other inforniation and. in doing so, consider whether the other information 15 materially inconsistent with tbe fmancial statements oi our knowledge obtained in the course of the audiL or otherwise Appears to be materÈally misstated. If we ideDtify suctrl material inconsi5tencie5 or apparent material rnisstateTnerLts. we are rquired to detern]ine whether this gives rise to a material misStstcnnt in the futIal statements themselves. If. based on th¢ work we have F¢rformed, we Dclud¢ that th¢r¢ is a material tnisstatement of this other inforniatioD. we arc requir¢d to report that fact. We have nothing to report io this regartl Opinions on other m2tters prescribed by the Companies Act 2006 In OUT opinion. based on the work undertaketl in the course of our auth"t: the inforniation given ID the Tte¢S./dIrCctorS. rqx)rL which incbJde5 the directors, report prepared for the purposes of company law. for the finan¢i81 year for which the financial statements are prepared is consistent with the finantial ststernettts. and the directors, report included within tbe Tntees,/dl[C¢torS, report Iw ien prepared in ac¢ordan¢¢ with applicable legal requlrements. Matters on which we are required to report by exception In the light of the knowledge and underswiding of the compally and its envlronment obtained in the course o the audit. we have not identified material In1¢aeDts in the directors, rep)rt included within the TDJStees'l directors, report. We hAve nothing to rert in respect of the following mitters in relxiion to which the Companies Act 2006 requires us to rert to you if. in our opillion." adequate accounting records bave not been kepL or reh]rns adequxte for our auth"t have not been rettived from branches noi visited by us" or the financial statements are not irh Agrecment with the accounting records and returns" or ¢ein disclosures of tsustees, remuneration specified by law are not made. or we have not received 811 the information and explanations we require for our audit. or the Tnte¢S were not entitled to prepare the financial ststemetkts in accor¢Jance with the small Comp8leS regime 2nd lake advantsge of the small companies, cxemptions in preparing the Trustees'ldirectors, r¢port and frotn the r¢quir¢ment io prepare a Strategic reporL Responsibilities of Trustees As explained more fully in the statement of Trustee5'1directors' responsibilities. the Trnstees. who are also the diTectors of the company for the pUoSe of company 18w. Are responsTrble for the prep2rnti0n of the finanei21 Statements aJ]d for being satisfied that they give a twe and fair view, and for such internal ¢ontrol as the Trustees delerniine is necessary to enable the pteparation of fancial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial staments. the Trustees are Tesponsible for assessing the company's ability to ¢ODtinue as a going concern. disclosing. as applicable. matters related to 80ing concem and Ing the 8oinE coneern basis of accounting unless the Ttustees either intend to liquidate the charitablc company or to cease operations. or have uo [115¢ alternative but to do so. 16-
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTtNUED) TO THE TRUSTEES OF THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMtTED BY GUARANTEE) Auditor's respoDsibilities for tbe audit of the statements Our objecliv¢s are to obthin reasonable assurance about whether the financial statements as a whole are free fro niat¢riai misstatcmelll whether due to fraud or etror. aud to issue an auditofs report that includes our opiniou. Reasonable urance is a lll.gh level of assurance but is rkot a guarantee that an audit conthcted &n accordance with JSAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered Material if. individually or in the aggregate. they could reasonably be expected to illfiuence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is avatlable on the Financial Reporting Cowjcil's website at= https.'Ilwww.frc.org.uklauditorsresp)nsibilitses. This description forn part of our auditoVs report. EiteDI to which the audit was considered capable of detecting irregularities, including fraud [egUlaritieS. including frauQ are instsnces of non-compliance with laws and regulAtions. We design procedures in line with our respoDsibilities, ouilined above, to detect maierial misstatements in respect of iegUlar1t1¢5, including fraud. The exient to which our procedures ate capable of detecting irre8ularities, irtcluding fraud. is detailed below. At th¢ planning stage of the audit we gain an understanding of the laws and regulation5 which apply to the Group and how management seek to comply with them. This belps us make appropriate risk assessments. ring the audil w¢ focus on relevant risk areas #nd review ¢ompliance with laws and regulations through making relevant enquiries and cormboratiotb by. foi example, reviewing TnteeS Minutes aDd other dUmeTItiOn. We assess the risk of material mi&statement in the financial statements including as a result of fraud alld undertake procedures including.. J. Review of controls set in place by tt]anagement Il. Enquiry of management as to whether ihey consider fraud or other irregularities may have occuThed or wbere such opp)rtunity might exist llI. Challenge of management assumptions with regard to accounting utimates IV. Identification amd testing of Journal ¢ntries, particularly those which may appear to unusual by size or nature. Because of the inherent limitations of an audiL there is a risk that we will not delect all iregularities, includlng those leading to a material tnisslat¢mcnt in the fllLancial statements or non-compliance with regulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions retlecied in the financial ststements. as we will be I8 likely to become aware of in5tsnces of norL-compliance. The risk of not detecting a material misststement resulting from fraud is higher than for one r¢sultiDg from error as fraud may involve collusion. forgery. international omissions. misrepresentations. or the override of internal control. 17-
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIKITED BY GUARANTEE) JI¥IDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMITED BY GUARANTEE) Use of our report This report is made solely to the charitable compally's members. as a in accordance with Chapter 3 of Part 16 of th¢ Companies Act 2(H16. Our audlt work has been undertaken so that we might state to the charitsble company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent perniined by law. we do not aecepi or assume responsibility to aDyone other than the chan'table company and the charitable company's members as a bCy. for our audit work. for this iepoti or for tbe opillions we bave fornie Michael Royle BA(Hons)FCA (Senior Stathtory Auditor) for 2nd on behalf of Chadwick & Company (Manchester) Limited Chartered Account2nt$ Statulory Auditors Capital House 272 Manehester Road Droylsden Manchester M43 6PW 5 October 2022 Chadwick & Company (Mancbester) Limited is eligible for appointment as auditor of the company by virDJe of its eligibility for appointment as auditor of a company UDder of se¢tion 1212 of th¢ Companies A¢t 2006. 18-
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMEIYT OF FLNANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR TB£ YEAR ENDED 31 MARCH 2022 Unrestricted Restricted fund$ futtds getteral Total 2022 Tot)Il 2021 Notes Donations and sponsorship Incoming resources from charitable activities Investments 1.301.513 657,841 77 1,301,513 1.466,510 703,903 17,716 77 960 46.062 Total ineome ,959.431 46.062 2.005,493 1,485.186 enditure on- Raising funds 370 Charitable tiViti¢S 1.691.309 29.846 1,721,155 1,151,726 Other 12 46.240 46.240 34,712 Total re50urtes expended 1.737.549 29,846 1,767,395 1,186,808 Theatre lax relief income 13 83,764 83,764 16,543 Net movement in funds 305.646 16216 321.862 314.921 Fund balances at l April 2021 360.159 22.331 382,490 67.569 Fund balanees at 31 Marcb 2022 665.805 38.547 704,352 382.490 The statetDeni of financial activities also complies with the requirements for all io¢ome and expenditUTe account UDder the Companies Aci 2006. 19-
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMITED BY GUARAIYTEE) CONSOLLDATED AND COMPANY BALANCE SHEET AS AT31 MARCH 2022 2022 Group 2021 Group 2022 Company 2021 Company Notes Fixed assets Tangible assets Investments 15 16 29503 30.415 29.503 1,000 30,415 1.000 29,503 30.415 30,503 31.415 Current assets Stocks Debtors Cash at bank and ID hand 5.808 215.033 837.533 2.072 155,190 520.206 5,808 214,033 837,533 2.072 154.190 520.206 17 1,058,374 677,468 1,057,374 676,468 Creditors: amounts falling due ithRn ottt year 18 {383.525) {325.393) (383.525) (325.393) Net cwrent assets 674.849 352,075 673,849 351.075 Total assets less current liabilities 704.352 382.490 704,352 382,490 Income funds Restricted funds Unrestricted funits- general 22 38,547 665.805 22,331 360.159 38.547 665.805 22,331 360.159 704.352 382.490 704.352 382.490 The financial statements were approved by the board of directors and authorised for issue on 5 Octob¢r 2022 and are $gned on its behalf by.. J O'connor Trustee Company Reglstration No. 01415547 -20-
THE OLDHAM COLISEUM THEATRE LIMrrED (A COMPANY LIKITED BY GUAIL4NTEE) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Notes Casb flows from operating activities Casb generated from opeTrtions 27 324.370 385,546 Investing actlYStles IrChaSe of tangible fixed assets Illterest r¢c¢ived (7.120) 77 {7,779) 960 Net cash used ID investing aetivities (7,043) (6.819) Net eash used in financing activities Net incru5e in cash and txsh tquivalents 317.327 378,727 Cash and cash equivalents at begitming of year 520206 141.479 Cash and cash equivglents at end of ytar 837.533 520,206 21
THE OtIlHAM COLISEUM THEATRE LIMITED (A COMPANY LIMtTED BY GUAIL4NTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting poli¢ies 1.1 Company information The Oldham Coliseum Theatre Limited {a company limited by 8uardDt¢¢) is a pnvate company limited by guarantee in¢orporated in England and Wales. The regIsed office is Fairbottom StreeL Oldham, OLI 3SW. 1.2 AccountiDg Convention The fjnancial statements have been prepared in accordance with the tOTnpans governing document. th¢ Companies Act 2006 and "Accoulllg aDd R¢portiug by Charities.. Stateet of Recommended Practice applicable to charities preparing their ac¢ounlS in a¢¢ordan¢¢ with the FinaT)cial Reporting Stsndkrd applicable in the UK and Republic of Irelhnd (FRS 102)" (as amended for accounting periods commencing frotn l January 2019). The company is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the fijnctional currency of the company. Monetary amounts in these Fu]cial statenLents are munded ro the Dearest £. The fJnanciAI statements have been prepared under the historical Cost ¢onv¢Dtion. The principal ac¢ouDting policies adopted are set out below. These financial statements consolidate the Tesults of the charitable company and its wholly owned traditig subsith"ary. Olllham Coiiseutn Produciions Ltd. A separate Ststement of Financial Activities (SOFA) is not presented because the charitable company has taken advantage of the provisions of $408 of the Companies Act 26. 1.3 Going concern On I l March 2020. Covid-19 was designated a pandemic by the World Health Organisation (WHO). The tNsttts continue to review the impact 00 the business, ensuring provisions are put in place to tnitigate any risk to the tsust's ability to trade as a going concern. At the date of signmg the fmanclal statements. in the opinion of the director4 Covi&19 will not impact on the trust's ability to trade as a going concern. At the time of approving th¢ financial statetueuts. the TsleeS have a rOnable ¢xp¢¢tation that the company has adequate resouTces io ¢oniinu¢ in opeTational existence for the foreseeable future. Thus the Tnte continue to adopt the going conc¢m basis of accounting in preparing the fancIal statements. 1.4 Charitable funds Unrestricted fund5 ar¢ availabl¢ for us¢ at the disctetion of the Ttee$ in furtherance of their charithle objectives. Restricted fijnd This fund is from an uncompleted proje¢L Tbese arc fidS that can only be used for a particul r¢strt¢t¢d purp)se specified by the donor. -22-
THE OLDHAM COLISEUM THEATRE LIMrrED (A COMPANY LIMITED BY GUARANTEE) NOTES TO TILE FINANCJAL STATEMENTS (CONTINUED) FOR THE YEAR EIYDED 31 MARCH 2022 Accounting poliaes {Continued) J.5 Incomin£ resources Income from grants is recolSed when ihe company is legally entitled to it after any perfomian¢e conditions have been D)e4 tbe amounts can be measured reliably. and it is probable that incom¢ will be received. Cash donatioas are recognised on receipt. Other donatiODS are recols¢d once the company has been notified of the donation. unless perfomiance COTJditions require defeal of ihe amount. Income thx rrxoverable in r¢lation w donations received under GiftAid or deeds of covenaot is recognised at.the lime of the donation. Income from trading activities is recognised as the related goods and serYi¢es are provided. Investment income is recognised on a receivable basis. In¢ome is measured at the fair value of the considerntiort re¢eived or re£eivable and represents amounts receivabl¢ for go¢xts and services provided in the norn course of business. net of discow)ts, VAT and other salcs lated tsxes. 1.6 Resources expended Resources expended are included in the Statement of Financial Activities on an accruals basis, exclusive of reclaimable VAT. Expenditrjre is included in the cost category to which it relates to. Support and governance costs are allocated based OD a hd(oUnt of permanent staff working wIt"n a Cbaritsble activity. 1.7 Tangible red assets Tangible fixed assets Are initially measured at Cosi and subsequeotly mwured at cost or valu&tiou, net of depreciation arkd any IpaIrment losses. Depr¢ciation is re¢ognised so as to write off the cost or valuation of Sets less their residual values over their use1 lives on the following bases: Leasehold property Plant and ma¢hinery Fixtures, fittings & equipment Compulcr ¢quiprtLent 20Yo straight line 250/D reducing balance 150/ty reducing balance 21Y/t+ straight line The gain or loss arising on the disw)sal of an asset is deterniined a5 the difference betwcen the sale proceeds and the carrying value of the asseL ond is reco]sed in net incomel(expenditure) for the year. 1.8 Fixed asset investments Investtn¢llts are stst¢d ai market value 8¢ the balance sheet dat< excep¢ for tb¢ shar¢boldiThg in the Charity's subsidiary wkn.ch is stAted at COSL -23-
THE OLDHAM COLISEUM THEATRE LIMrrED (A COMPANY LIMITED BY GUARAI¥TEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2022 Aeeounting policies (Continued) 1.9 Stocks Stocks are stated at the lower of cost and esiimated selling price le&s costs to comple and sell. Cost ¢omprises direcl materials and, where applicable. direct labour costs and those overheads that have been incurred in bringing the siocks to their present locatioo and conth"tioD. Items held for distribution at no or ominal consideration are mwured the lower of replacement cost and c05t. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing. selling and distribution. 1.10 Cash 9nd cash equivalents Cash and cash equivalents include cash in deposits beld at call with banks. other short-terni liquid Investments with original matijrities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in cuent liabilities. 1.11 Finaneial instrument5 The company has elecied to apply the provisions of Se¢tioll 11 'Basic Financial Instruments. aud Sectioo 12 '0ther Financial LDStnJments Issues. of FRS 102 to all of its finaneial illStrumerAts. Fiuancial instruments are reColS¢d itt th¢ mpanY'S balance sheet when th¢ ¢otnpany be¢otn¢s paty to the ¢ontra¢tual provisions of the iDStrumenL Financial assets and liabilities are offset. with the net amounts presented in the flnancial statements, when there is a legally enforceable right to set off the recogll1s Amounts and there is an intentioj to Settle on a net basis or to realise the asset and settle the liability simultaneolY. Basic financial assets Basic fmancial Set$. which include debtols and cash and bank balances. are iniiially measured at transaction price including traT]saction costs attd are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. wbere the transaciion is measured at the PTesent value of the future receipts diSCOUDt¢d at a market rdte of interest. Financial assets classified receivable within one year are not amortise Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initiAlly recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt sfLStnJment is measured at the pr¢sent valu¢ of the futwe payments discounted al a market rnte of interest. Financial liabilities Classified as payable within one year are not amortise Debt instruments are subsquently carried at amortised cosL using the effective interest Tate method. Trade creditors are obligations to pay for gorNts or setvicas that have been a¢quir¢d in the ordinary course of operations from suppliers. Amounts payable are cl&ssified as current liabilities if payment is due within one year or less. If not, they are presellted &8 non-current liabilities. Trade creditors are recognised initially at trawtion price arld subsequently measured at amortised cost using the effe¢tiv¢ inrest method. -24-
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Continued) 1.12 Elnployte benefits The cost of aDy unused boliday eDtstlement is re¢o8nised in the peri in which the employee's services are received. Terniination benefits ar¢ recognised immediaiely as an expense when the company is demonstrably committed to minate the employment of an employee or to provide temiination benefits. 1.13 Retirement benefits The company operdtes a defincd contribuiLODS pension scheme. Contributions are charsed in the accounts as they become payable in aceotdance with the rules of the scheme. 1.14 Staging costs Staging costs are charged to the income and expendittre account in the year in which a production opens. J.J5 Legal status of the charity The charhty is a company limited by guarantee and has no share capitsl. The liability of ¢acb rn¢rnb in the event of a W1ndg up is litnited to £1. 1.16 Theatre tax credits Where the trading subsidiary. Oldham Coliseum Productions Ltd. iDcurs qualifying losses io spect of theatre productiolls. the company bas decided tbAt these will surrendered for 2 eash payment from HNIRC under the Th¢atre Tax Credit regim¢. Where receipt of th¢s¢ lax cr¢dits is virtually certain they are included in the filloucial staiements in th¢ y¢at in which they were incurred. Critical gccounting estimate5 and judgernents In the application of the Company's accounting policies, the Trnsiees are required to make judgemthts, estimates and assumptions about tbe ¢arrying amount of &ssets And liabilities that are not readily apparent from oth¢r sources. The ¢stimat¢$ 2nd associated assumptions xr¢ based on historic21 experience and other factors ihat are considered io be relevant. Actual results may differ from these estimas. In considering the going concern assumplioo, th¢ trustees have had to apply judgem¢ut in relation to the po*ntial impact that Covid-19 may have on the economies the enlity operates in and on th¢ eyjtity. In arriving at this judgeTncnL the trustee5 have considered the fiuancial resilience of the entity and how it would manage any downtswn as a result of the pandemi¢. The estimates and underlyins &8sumptions are reviewed 00 art ongoing basis. Revisions to ac¢ounling estimates e recognised ID the period in which the estllnate is revised where the revision affects only that period. or in the period of the revision and fijture periods wbere the revtsion affects both curent and future periods. 25-
THE OLDHAM COLISEUM THEATRE LIMITED {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Donations and sponsorship 2022 2021 Donations and gifts Grdnts receivable 107.377 1.194.136 30.230 1,436.280 1.301.513 1.466,510 Grants receivable for eore activities Association of Grcater Manchester Authorities Oldham Council Arts Council EnglaDd Culture Recovery Fund Coronavirus Job Reiention Scberne Gatfield Weston Fourtdation 102.430 294,272 615,183 80.934 26.317 75.1} 102,430 163,302 703,491 219.008 243.049 5,000 1.194.136 1,436.280 -26-
THE OLDHAM COLVSEIIMTHEATRE LIMITED IACOMPANYLTMfTED BY GUARAKfEEI NOTES TO THE FINANCIAL STATEMENTS ICONTtNUEDI FOR THE YEAR ENDED 31 MARCH 2022 InrOrnrE rtgourtes from elaritab athvifles Boxoffi¢e- Box 2022 2021 Sales chwiT¥bk auiviD¢5 Perfllnnance rdattdBr4nL8 288.945 240.649 B7.741 19ffj92 20.814 657.841 12.778 4,938 288.945 240.649 87.741 65.754 20.814 703.903 AnÈlysis by futsd Unresrri¢ted fi5nd5-gencraJ 288.Y5 240.649 87.741 19.6Y2 20814 657.841 288,945 2409 87.741 65,754 20814 703.903 For the yearended 31 MArclt 2021 Unrestn¢T¢d fund5-gerat RB5rri¢tedfhuK S.988 12,778 4.938 4.938 5.988 6,850 4.848 -27-
THE OLDHAM COLISEUM THEATRE LIhllTED (A COMPA1 LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (coiwfiNUED) FOR THE YEAR EI¥DED 31 MARCH 2022 Investments 2022 2021 Interesi receivable 77 960 Raising funds 2022 1021 Seeking donations, grants and lega¢i¢s 370 370 -28-
THE OLDHAM COLISEUM THEATRE LIMTfED IA COMPANYLIMfTED BY GUARAFifEEI NOTES TO THE FINANCIALSTATEMENfs (COPINUED) FOR THE YEAR ENDED 31 F+L4RCH 2022 Charltblt attivitiey Totsl 2022 2021 StÈff costs Direcicharitable cxpendity MarketillB 663.461 229.769 3Q782 150. 141.238 17,752 107.989 57J65 27.673 41.671 949,193 470.043 54,534 825,764 9,538 930J112 165J54 69.344 1.473.770 948.887 I Sh8retsfswrt costslsttnC 8) Sbareofgov¢rn3n¢e w5ts lsce 81 12&014 40J85 27J51 &735 I9n 6J47 3.334 l.fkn5 8.929 2.853 187,5(X) 59.885 158,963 43,876 1,098,911 345,146 191573 73,743 Analy515 by fund Utsrtstricted fvtsds. 8tnerai Restricd fuDds I,(Y)8.951 345,146 191573 43,897 29.846 11,782 1.691 J09 29,846 I.IYJ8.911 345.146 191573 73,743 IL,782 1.ni.155 Forth¢ yVAr èttded 31 M*rth 2021 Unr¢smcted fi]nds. Rethctcd funds 782.166 188J52 1656¢ 46.810 I.f7 1622? 1,607 782,166 18BJ52 111561 48.417 16,227
THE OLDHAM COLISEUM THEAM LIMJTED {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR Ei¥DED 31 MARCH 2022 Support costs Support Governanee costs costs 2022 2021 Health and safety Rent, rat¢s and water Insurance Light and heat 'Repairs and maintenance Cleaning Prtillg, postsge atld stationery Telephone Equipment leasing Travelling expenses Recruitment costs St2ff traiDill8 16,042 26.388 11.252 44.527 50.333 9.567 4,921 6.458 9.065 7257 575 E.115 16.042 26.388 11.252 44.527 50.333 9,567 4.921 6,458 9,065 7257 575 1,115 43.365 33,488 l3.893 30.091 27,493 305 1.482 3,984 3,977 692 193 Audit fees Legal arLd profe&8ional Sundries .Subscriptions . Ststutory ¢osts Bad debts Depreciation 7.950 12,787 3.464 11.473 16.179 7.950 12.787 3.464 11.473 16,179 7,750 496 2.882 13,762 5,732 4.766 8,488 8.032 8.032 187.500 59.885 247,385 202,839 Analysed between Charitable activiti 187.500 59.885 247.385 202.839 Auditor's remuneration The analysis of auditovs remuneratiOD is as follows.. Fees payable to the compally's allditor 2nd as50Ciates: 2022 2021 Audit of the 8roup's aTmual accounts 7,950 7,750 -30-
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPAJ¥Y LIMrrED BY CUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTII¥UED) FOR THE YEAR EM)ED 31 MARCH 2022 10 Trustees Board meTnbers were reimbursed a total of £28 (2021 - £nil) to cover travel and other miscellaneous expetts. 11 Employees Number of employees The #verage monthly number of employees duriog the year was.. 2022 Number 202] Number Management Administration Prothiction CLsuals 10 14 10 35 38 Employment Costs 2022 2021 Wages and salaries Social security costs Other pertsion costs 874.455 55,635 19.103 748.520 57.140 20,104 949.193 825,764 There were no employ5 whose anDual remunerntion was £60,CrfX) OT more. During the year key management peTS0[e1 were paid a total of £182,653 {2021- £231,732) in wages. 12 Other 2022 2021 Irrecoverable VAT 46,240 34.712 31
THE OLDHAM COLISEUM THEATRE LIMITED {A COMPAJYY LIMITED BY GuARAEE) NOTES TO THE FINANCIAL STATEMENTS (coNfiNUED) FOR THE YEAR ENDED 31 MARCH 2022 13 Theatre relief income 2022 2021 Theatre tax relief in¢ome 83.764 16,543 14 Transfers Transfers totJlliDg £nil (2021- £1.000) were made from the restricted fimd in favour of the unrestricted Eeneral fund as the reltted projects had been completed. The excess monies were therefor¢ availkble for use in oth¢r unrclated projects and therefore reclassified &$ u[L[tricted funds. 15 TangRble fixed assets GROUP AND CHARITY AJt¢rntion$ Plant and Flxture to long mathinery fittings & leasehold equipment premises Total Cost At l April 2021 Additions 358.765 337.133 1.785 62,082 5,335 757,980 7.120 At 31 March 2022 358.765 338.918 67.417 765,100 Depreciation and impairment At l April 2021 Depreciation charged in th¢ ycar 358.765 315.187 5,750 53,613 2,282 727,565 8,032 At 31 March 2022 358.765 320.937 55,895 735,597 Carrying amount At 31 March 2022 17,981 11,522 29.503 At 31 March 2021 21.946 8,469 30.415 There is an aw¢ment with Oldham Coun¢il to lease the premises for 99 years. although a fornjal lease has not been executed. -32-
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMtTED BY GUARANTEE) NOTES TO THE FINANCIAL STATETs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 16 Fixed asset investments 2022 2021 Notfs Investments in subsidiaries 25 1.000 17 Debtors 2022 Group 2021 Group 2022 Company 2021 Company Amounts f8lliDg due within one year: Trad¢ d¢btors Corporation lax recoverable Amounts due from subsidiary undertikings Other debtors Prepayments and accnjed income 17,439 95,171 3,531 112.651 17,439 3.531 94,171 36,859 65564 111.651 11,457 27,551 36,859 65,564 11,457 27.551 215,033 155.190 214,033 154.190 18 Creditor$: amounts falling due within one year 2022 Group 2021 Group 2022 Cojnpany 2021 Company Other taxation and social security Trade creditors Other creditors Accnjals and defeNed income 14 73,536 52,163 242963 2,713 26,495 39.455 256.730 14,863 73536 52,163 242,963 2.713 26,495 39.455 256,730 J83,525 325,393 383,52S 325,393 19 Deferred income Deferred income is included in the financia] statements as follows.. Box 01cC.. £180.676 (2021- £139.722) relatcs to income received in advance for productions nol yet stArted. Thcttrc hire.. £2.232 {2021- £7.892) relates to incortie received in advance for hiring of the theatre in the D¢Xt financial year. -33-
THE OLDHAM COLISEUM THEATRE LIMtTED (A COMPANY LIMITED BY GUARAThTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 Retirement benefit schemes Defined contribution schemes The company operdies 8 defined contribution pension scheme for all qualifying employees. The assets of the scbeme are held separatrly from those of the company in an independently administered fijnd. The charge ¢0 income and expendittlle in respect of d¢fin¢d ¢ontribution schemes w&$ £19.103 (2021 £20,104). 21 Share Capital The company is limited by guarantee to the exteni of £1 member. 22 Analysis of net assets between funds Unre5Sricted Restricted funds funds 2022 2022 Total To¢al 2022 2021 Fund balauces at 31 March 2022 are tepresented by: Tangible assets cunt &5seL4{liabilities) 29.503 636.302 29.503 674.849 30,415 352,075 38.547 665.805 38,547 704,352 382,490 23 Operating lease eommitments Ai the reporting Cnd dal¢ th¢ wtnpany bad outstanth.ng mMients for tUre minimum l¢as¢ payments under noD-¢on¢ellable operating leases. which f811 due as follows.. 2022 2021 Within OD¢ y¢ar Behveen yO and five years 6.136 6,136 6.136 6.136 12.272 24 Related party transactions Included within the chan"ty's d¢btor5 due withiD one year is £94.171 (2021- £111,651) du¢ from Oldham Coliseum Productions Ltd. the l(MY/o subsidiary.of_The_Oldham. Coliseum Theatre 'LiMi¢ and a eompany in whictrL S Hawkins, J O'CoDnor and S Brotjley (Trustees) are directors. -34-
THE OLDHAM COLISEUM THEATRE LIMITED (A COMPANY LIMED BY GUARANTEE) NOTES TO THE FANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 25 Subsidiaries Detsils of th¢ ¢ompany's subsidiaries at 31 March 2022 are &5 follows: Name of UDdertaking Registered otriee Nature of bu5111ess Class of O/. Held sbares beld Direct Oldhatn Coliseum Productions Ltd En8i#ttd & WaLes Theatre pmduction Ordinary Name of yndertaking Profit10) C2Pital 2nd Reserves Oldham Coliseum Prtsductions Ltd Company numb¢r. 09268457 Registered office.. Coliseum Theatre. Fairbottom Street. Oldham, Greater Mar)chester. OLI 3SW. 26 Results of the cbaritable company The company kn taken advantsge of Section 408 of the Companies Act 2006 and not iticluded its own income and expenditure account in these financial statements. The net inloutgoin8 resources of tbe Compally for the year w&s £321,862 (2021: £314.921). 27 Cash gener2ted from operation5 2022 2021 Surplus for the year 321,862 314,921 Adjusttnents for. Investmeni income recognised in profit or loss Depreciation and impaimient of tangible fixed I1S Corporation tsx rccoverabl¢ Corpordtion tax received (77) 8.032 (74.208) 91,688 (960) 8,488 (16,543) 2,611 Movements in working capitsi: (Increasc)Idecrease in stocks (Increase)Idecrease in debtors Irt¢r¢asel(de¢rease) in creditors (3.736) {77.323) 58,132 2,287 162,539 (87.797) C2sh generated from operxtions 324,370 385.546 -35-