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|Registered|Registered|name|North East Theatre Trust Limited|North East Theatre Trust Limited|North East Theatre Trust Limited|
|---|---|---|---|---|---|
|Trading|name||Live Theatre|||
|Trustees|||SEmmas|||
||||M F Henry|||
||||M F Percy|||
||||K L H Wlnskell|||
||||S Brown|||
||||J R McKinnell|||
||||8 Hobson|||
||||RSCantrill-Fenwick|||
||||P T H Shevlin|||
||||I A Din|||
||||R M Elgie|||
||||J A Kell|||
|Charity|number||513771|||
|Company||number|01697756|||
|Registered||offic|29 Broad Chare|||
||||Quayside|||
||||Newcastle
upon|Tyne||
||||NE1 3DQ|||
|Telephone|||0191261 2694|||
|Auditor|||Sumer Audltco|Limited||
||||The Beehive, Beehive Ring Road|||
||||London Gatwick|Airport||
||||Gatwlck|||
||||United
Kingdom|||
||||RH6 OPA|||
|Bankers|||L(oyds Bank pic|||
||||102Grey Street|||
||||Newcastle
upon|Tyne||
||||NE99 1SL|||
||||Virgin Money|||
||||131-135Northumberland||Street|
||||Newcastle
upon|Tyne||
||||NE1 7AG|||
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|||Page|
|---|---|---|
|Chief Executive's
Annual|Report|1 —3|
|Trustees'
Report||4 —10|
|independent
Auditor's
Report||11 —13|
|Group Statement
of Financial Activities||14-15|
|Group Balance Sheet||16—17|
|Company
Balance Sheet||18 —19|
|Group Statement
ofCash|Flows|20|
|Notes to the accounts||21 —45|
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|In 2022/23 the charity cont|inued|inued|its fundraising
activiti|its fundraising
activiti|es
in support of d|elivery of its|
|---|---|---|---|---|---|---|
|Revenue
funds raised for|core,||project and Education||and Participation|activities:|
|Arts Council England
(core)||||||F638,255|
|Idlewild Trust||||||f5,000|
|The D'oyly Carte Charitable
John Ellerman
Foundation||Trust||||f4,000
f30,000|
|Hadrian
Trust||||||81,000|
|Newcastle
Culture
Investment|||Fund (NCIF)|||810,000|
|Backstage Trust||||||825,000|
|RFFGibson Trust||||||f3,000|
|John D Fund at The Community|||Foundation|||82,963|
|John Horseman
Trust||||||f5,000|
|Gillian Dickinson
Trust||||||820,000|
|Garrick Charitable
Trust||||||f5,000|
|RW Mann Trust||||||82,000|
|John Thaw Foundation||||||81,000|
|Shears Foundation||||||f5,000|
|29w May 1961Charitable|Trust|||||85,000|
|Esmfie Fairbairn
Foundation||(TASK Grant)||||87,500|
|Lucy Winskell
Fund at the|Community|||Foundation||F825|
|Catherine
Cookson Charitable|||Trust|||821,000|
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|Current financial year||||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|Total|Total|
||||funds|funds|funds|2023|2022|
|||Notes|6|||8|6|
|Income from:||||||||
|Donations
and legacies|||677,264||175,142|852,406|1,426,987|
|Charitable
activities|||187,932|||187,932|114,480|
|Other trading
income|||77,925|||77,925|44,800|
|Investments|||832,131|||832,131|717,904|
|Other income|||220, 140|||220,140|39,732|
|Total income|||1,995,392||175,142|2,170,534|2,343,903|
|Expenditure
on:||||||||
|Raising funds||7|265,697|||265,697|270,906|
|Charitable
activities||8|1,797,166||155,633|1,952,799|1,783,895|
|Other||14|302,120|||302,120|292,094|
|Total resources expended|||2,364,983||155,633|2,520,616|2,346,895|
|Net gains on investments||13|||||335,000|
|Net (outgoing)/incoming||||||||
|resources before transfers|||(369,591)||19,509|(350,082)|332,008|
|Gross transfers
between|funds|23|422,421||(422,421)|||
|Net income/(expenditure)|for the year/|||||||
|Net movement
In funds|||52,830||(402,912)|(350,082)|332,008|
|Fund balances
at 1 April|2022|23|1,333,853|30,000|7,981,390|9,345,243|9,013,235|
|Fund balances at 31 March||23||||||
|2023|||1,386,683|30,000|7,578,478|8,995,161|9,345,243|
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|Prior financial year||||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|Total|Total|
|||Notes|funds|funds|funds
8|2022f|2021|
|Income from:||||||||
|Donations
and legacies|||958,044||468,943|1,426,987|2,089,144|
|Charitable
activities|||114,480|||114,480|36,602|
|Other trading
income|||44,800|||44,800|4,234|
|Investments|||717,904|||717,904|503,221|
|Other income|||39,732|||39,732|250|
|Total income|||1,874,960||468,943|2,343,903|2,633,451|
|Expenditure
on:||||||||
|Raising funds||7|270,906|||270,906|239,660|
|Charitable
activities||8|1,741,356||42,539|1,783,895|1,355,519|
|Other||14|292,094|||292,094|307,255|
|Total resources expended|||2,304,356||42,539|2,346,895|1,902,434|
|Net gains on invsstmsnts||13|||335,000|335,000||
|Net (outgoing)/incoming||||||||
|resources before transfers|||(429,396)||761,404|332,008|731,017|
|Gross transfers
between|funds|23|419,204||(419,204)|||
|Net income/(expenditure)|for the yearl|||||||
|Net movement
in funds|||(10,192)||342,200|332,008|731,017|
|Fund balances at 1 April|2021|23|1,344,045|30,000|7,639,190|9,013,235|8,282,218|
|Fund balances at 31 March||23||||||
|2022|||1,333,853|30,000|7,981,390|9,345,243|9,013,235|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|F||||
|Fixed assets|||||||||
|Tangible assets||||16||5,579,161||5,918,715|
|Investment|properties|||15||8,485,000||8,485,000|
|||||||14,064,161||14,401,715|
|Current assets|||||||||
|Stack|||||2,945||3,377||
|Debtors||||19|1,026,282||591,873||
|Cash at bank and in||hand|||182,860||678,776||
||||||1,212,087||1,274,026||
|Creditors:|amounts|falling due within|||||||
|one year||||21|(628,838)||(599,804)||
|Net current|assets|||||583,249||674,222|
|Total assets less current liabilities||||||14,647,410||15,075,937|
|Creditors:|amounts|falling due after|||||||
|more than|one year|||22||(5,652,249)||(5,730,694)|
|Net assets||||||8,995,161||9,345,243|
|Income funds||||23|||||
|Restricted|funds|||||7,205,303||7,608,215|
|Restricted|funds —Fair value reserve|||||373,175||373,175|
|Unrestricted|designated||funds|||30,000||30,000|
|Unrestricted|general|funds||||1,386,683||1,333,853|
|||||||8,995,161||9,345,243|
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||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|||||
|Fixed assets||||||||||
|Tangible assets|||||16||5,579,161||5,916,715|
|Investment|properties||||15||4,485,000||4,485,000|
|Investments|||||||11||11|
||||||||10,064,172||10,401,726|
|Current assets||||||||||
|Debtors|||||19|5,180,873||5,027,885||
|Cash at bank and||in|hand|||94,208||345,807||
|||||||5,275,081||5,373,692||
|Creditors:|amounts||falling due within|||||||
|one year|||||21|(454,630)||(462,268)||
|Net current|assets||||||4,820,451||4,911,424|
|Total assets less||current liabilities|||||14,884,623||15,313,150|
|Creditors:|amounts||falling due after|||||||
|more than|one year||||22||(5,652,249)||(5,730,694)|
|Net assets|||||||9,232,374||9,582,456|
|Income funds||||||||||
|Restricted|funds||||||7,205,303||7,608,215|
|Restricted|funds —Fair|||value reserve|||610,388||610,388|
|Unrestricted|designated|||funds|||30,000||30,000|
|Unrestricted|general||funds||||1,386,683||1,333,853|
||||||||9,232,374||9,582,456|
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash absorbed
by operations|||29|||||
||||||(340,388)||77,847|
|Investing
activities||||||||
|Purchase oftangible
fixed|assets|||(78,102)||(385,233)||
|Interest received||||||||
|Net cash used in investing||activities|||(78,102)||(385,233)|
|Financing
activities||||||||
|Repayment
ofbank loans||||(77,426)||(76,620)||
|Net cash used
In financing||activities|||(77,426)||(76,620)|
|Net increasel(decrease)|in|cash and cash||||||
|equivalents|||||(495,916)||(384,006)|
|Cash and cash equivalents||at beginning|ofyear||678,776||1,062,782|
|Cash and cash equivalents||at end ofyear|||182,860||678,776|
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|Freehold|land and buildings|Over 100years straight
line||
|---|---|---|---|
|Leasehold|land and buildings|Over the term ofthe lease up to a maximum|of20 years|
|||straight
line||
|Plant and|machinery|15-25% reducing
balance||
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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds
f|fundsf|2023
8|2022
5|
|Donations
and giffs|13,988||13,988|4,154|
|Grants receivable|649,831|175,142|824,973|1,411,023|
|Sponsorship|13,445||13,445|11,810|
||677,264|175,142|852,406|1,426,987|
|For the year ended 31 March 2022|958,044|468,943||1,426,987|
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|||Theatre|Education|Total|Total|
|---|---|---|---|---|---|
|||activities|and|2023|2022|
||||participation|||
|Charitable|income|159,557|28,375|187,932|114,480|
|Analysis
by fund||||||
|Unrestricted|funds|159,557|28,375|187,932||
|For the year ended 31 March 2022||||||
|Unrestricted|funds|85,814|28,666||114,480|
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|5|Other trading|Incom|e||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Total|
|||||funds|2023|2022|
|||||f|f|E|
||Bartakes|||62,609|62,609|35,710|
||Bar and buffet|income||5,936|5,936|1,234|
||Venue hire|||9,380|9,380|7,856|
|||||77,925|77,925|44,800|
||For the year|ended|31 March 2022|44,800||44,800|
|6|Investment
Income||||||
|||||Unrestricted|Total|Total|
|||||funds
f|2023|2022f|
||Rental income|||832,131|832,131|717,904|
||Bank interest|receivable|||||
|||||832,131|832,131|717,904|
||For the year|ended|31 March 2022|717,904||717,904|
|7|Raising funds||||||
||||||2023|2022|
||||||F.|6|
||~d||||||
||Support costs (note||9)||30,137|32,325|
||M
in
an||d||||
||Support costs (note||9)||39,026|44,500|
||Trial
gg92I2||||||
||Commercial|trading|operations||191,246|188,568|
||Governance|cost|||5,288|5,513|
||||||196,534|194,081|
||||||265,697|270,906|
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||||||Theatre|Education|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||activities|and|2023|2022|
||||||participation||||
||||||f|8|||
|Staff costs||||||25,000|25,000||
|Production||costs|||377,024||377,024|316,414|
|Education|and participation|||expenses||67,123|67,123|69,284|
|Cleaning|||||11,948|10,455|22,403|43,337|
|IT support|costs||||18,881|6,109|24,990|50,611|
|Insurance|||||23,923|20,933|44,856|44,719|
|Licences|||||2,454||2,454|4,534|
|Light and heat|||||72,174|63,152|135,326|63,487|
|Printing,
postage and|||stationery||1,429|1,250|2,679|4,300|
|Repairs and maintenance|||||24,926|21,810|46,736|71,177|
|Rent, rates||and water|||37,404|32,728|70,132|62,895|
|Subscriptions|||||5,339|4,671|10,010|4,877|
|Telephone||and fax|||1,903|1,665|3,568|5,292|
|Sundries|||||1,419|1,244|2,663|3,238|
||||||578,824|256,140|834,964|744,165|
|Share of support costs (see||||note 9)|943,347|166,473|1,109,820|1,030,616|
|Share ofgovernance|||costs|(see note 9)|6,813|1,202|8,015|9,114|
||||||1,528,984|423,815|1,952,799|1,783,895|
|Analysis|by fund||||||||
|Unrestricted||funds|||1,461,814|335,352|1,797,166||
|Restricted||funds|||67,170|88,463|155,633||
||||||1,528,984|423,815|1,952,799||
|For the year ended|||31 March 2022||||||
|Unrestricted||funds|||1,299,078|442,278||1,741,356|
|Restricted||funds|||5,940|36,599||42,539|
||||||1,305,018|478,877||1,783,895|
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|9|Support costs||Support|Governance|Total|Support|Governance|Total|
|---|---|---|---|---|---|---|---|---|
||||costs|costs|2023|costs|costs|2022|
||||F|8|8|8||f|
||Employment
costs||597,917||597,917|533,227||533,227|
||Other staff costs||8,109||8,109|6,705||6,705|
||Depreciation||415,656||415,656|415,458||415,458|
||Marketing
and|publicity|29,588||29,588|19,992||19,992|
||Premises||106,485||106,485|94,363||94,363|
||General administrative||21,228||21,228|37,696||37,696|
||expenses||||||||
||Audit fees|||2,600|2,600||2,600|2,600|
||Accountancy|||5,350|5,350||5,900|5,900|
||Trustees' expenses|||65|65||614|614|
||||1,178,983|8,015|1,186,998|1,107,441|9,114|1,116,555|
||Analysed
between||||||||
||Raising funds||69,163||69,163|76,825||76,825|
||Charitable
activities||1,109,820|8,015|1,117,835|1,030,616|9,114|1,039,730|
||||1,178,983|8,015|1,186,998|1,107,441|9,114|1,116,555|
|10|Ntmovement|infunds|||||2023|2022|
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|Net movement|in funds is stated|after charging/(crediting);|||
|---|---|---|---|---|
|Fees payable|to the company's|auditor|||
|- Audit fees|||2,600|2,600|
|- Non audit fees|||5,350|5,900|
|Depreciation|of owned tangible|fixed assets|415,656|415,458|
|Operating
lease charges|||79,265|82,725|
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|||||||2023f|2022
5|
|---|---|---|---|---|---|---|---|
|The amount
JA Kelt|oftravel|expenses||paid to trustees was:|||~62|
|Remuneration
payable
J A Kelt|||to trustees orconnected persons:|||56 100|55000|
|Employer's
J A Kelt|National|Insurance||conlributions|on above remuneration:|~62|6369|
|Pension
contributions|||relating|to trustees or|connected persons:|||
|JA Kali||||||1 683|1 65|
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|Number of|employee|s|s||||||
|---|---|---|---|---|---|---|---|---|
|The average|monthly|number||employees|during the year was:||||
||||||||2023|2022|
||||||||Number|Number|
|Charitable
activities|||||||15|15|
|Publicity activities|||||||2|2|
|Fundraising|activities||||||2|2|
|Management|and administration||||||6|6|
||||||||25|25|
|Employment|costs||||||2023|2022|
||||||||E||
|Wages and|salaries||||||652,836|599,412|
|Social security costs|||||||49,170|47,032|
|Other pension costs|||||||16,633|21,883|
||||||||718,639|668,327|
|The number|ofemployees||whose annual||remuneration|was 660,000 or more were:|||
||||||||2023|2022|
||||||||Number|Number|
|f60,000 - f69,999|||||||||
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|13|Net gains/Ilosseaj|Net gains/Ilosseaj|on|investments|investments|||
|---|---|---|---|---|---|---|---|
|||||||2023
5|2022f|
||Fair value gain on||investment||properties||335,000|
|14|Other expenditure|||||||
|||||||2023|2022|
|||||||f|E|
||Financing|costs||||302,120|292,094|
|15|Investment|property||- group||||
||||||||2023|
||||||||5|
||Fair value|||||||
||At 1 April 2022||||||8,485,000|
||Fair value|adjustment||||||
||At 31 March 2023||||||8,485,000|
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||2023|
|---|---|
||5|
|Fair value||
|At 1 April 2022|4,485,000|
|Fair value adjustment||
|At 31 March 2023|4,485,000|
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||||Freehold|Leasehold|Plant and|Total|
|---|---|---|---|---|---|---|
||||land and|land and|machinery||
||||buildings|buildings|||
||||f|f|||
|Cost|||||||
|At 1 April 2022|||3294 615|7820,415|599,358|11,714,388|
|AddiUons||||44,586|33,516|78,102|
|At 31 March|2023||3,294,615|7,865,001|632,874|11,792,490|
|Depreciation|and impairment||||||
|At 1 April 2022|||108,038|5,223,648|465,987|5,797,673|
|Depreciation|charged|in the year|17,947|352,767|44,942|415,656|
|At 31 March|2023||125,985|5,576,415|510,929|6,213,329|
|Carrying
amount|||||||
|At 31 March|2023||3,168,630|2,288,586|121,945|5,579,161|
|At 31 March|2022||3,186,577|2,596,767|133,371|5,916,715|
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||||Freehold|Leasehold|Plant and|Total|
|---|---|---|---|---|---|---|
||||land and|land and|machinery||
||||buildings|buildings|||
||||f|8|||
|Cost|||||||
|At 1 April 2022|||3,294,615|7,820,415|599,358|11,714,388|
|Additions||||44,586|33,516|78,102|
|At 31 March|2023||3,294,615|7,865,001|632,874|11,792,490|
|Depreciation|and impairment||||||
|At 1 April 2022|||108,038|5,223,648|465,987|5,797,673|
|Depreciation|charged|in the year|17,947|352,767|44,942|415,656|
|At 31 March|2023||125,985|5,576,415|510,929|6,213,329|
|Carrying
amount|||||||
|At 31 March|2023||3,168,630|2,288,586|121,945|5,579,161|
|At 31 March|2022||3,186,577|2,596,767|133,371|5,916,715|
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|A summary
ofthe audited
accounts ofthe subsidiaries|A summary
ofthe audited
accounts ofthe subsidiaries|A summary
ofthe audited
accounts ofthe subsidiaries|Isas follows:|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||8|8|
|LiveWorks (Newcastle
upon
Aggregate
amount ofassets
Aggregate
amount of liabilities||Tyne) Limited
and provisions||4,443,331
~4880 534|4,477,702
~4774 8 5|
|Aggregate|amount of net liabilities|||||
|Profit and|loss|||||
|Turnover
(net ofVAT)
Expenses (net ofVAT)
Other gains||||281,000
(241,907)|314,554
(155,103)
175000|
|Net profit
Payments|made to holding
company|||39093
~SS083|334451
~n&ei|
|Net profit|after donations|||||
|||||2023|2022|
||||||E|
||||||as restated|
|Live Trading
Limited
Aggregate
amount ofassets
Aggregate
amount of liabilities||and provisions||484,815
~484 8 4|228,006
~228tl05|
|Aggregate|amount offunds|||||
|Profit and|loss|||||
|Turnover
(net ofVAT)
Expenses (net ofVAT)
Other operating
income (net ofVAT)||||1,157,856
(722,793)
202 554|771,924
(515,076)
~325|
|Net profit
Payments|made to holding
company|||637,617
~~6|289,445
~2~8~5|
|Net profit/(loss)
after donations||||||
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|18|Financial|Instruments|Instruments|Instruments|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023||2022|
||||||||||Group|Company|Group|Company|
||||||||||E|E|E|E|
||Carrying|amount||offinancial|||assets||||||
||Debt instruments|||measured||at amortised||cost|||||
||Equity instruments|||measured|||at cost less|Impairment|||||
||Carrying|amount||offinancial|||liabilities||||||
||Measured|at amortlsed|||cost||||||||
|19|Debtors||||||||||||
|||||||||||2023||2022|
||||||||||Group|Company|Group|Company|
||||||||||E|F|E|E|
||Amounts|falling||due within|||one year:||||||
||Trade debtors||||||||58,613|13,613|7,664||
||Amounts
due
Prepaymsnts||from subsidiary
undertakings
and accrued income||||||967669|4,982,935
184325|584 209|4,797,167
230718|
|20|Loans and overdrafts||||||||||||
|||||||||||2023||2022|
||||||||||Group|Company|Group|Company|
||||||||||E|E|E|E|
||Other loans||||||||||||
||Payable|within|one year||||||31,715|31,715|30,696|30,696|
||Payable|after|ons year||||||||||
##
##
##
##
||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Group|Company|Group|Company|
||||Notes||E|E|E|
|Other loans|||20|31,715|31,715|30,696|30,696|
|Other taxation
Trade creditors|and social security|||41,443
370,603|41,443
291,903|52,972
294,176|52,972
257,334|
|Other creditors||||3,521|3,521|4,484|4,484|
|Accruals and deferred||income||181556|86048|217476|116782|
|Deferred income ls induded|||in the financial statements|as follows:||||
||||||2023||2022|
|||||Group|Company|Group|Company|
|||||E|E|E||
|Brought forward
Released
in the year
Deferred
in the year||||138,007
(6,055)|42,311
(867)|239,164
(112,328)
11 171|82,939
(40,628)|
|Carried forward||||||||
|Creditors: amounts
falling d|ue after more than one yea|r||||
|---|---|---|---|---|---|
||||2023||2022|
|||Group|Company|Group|Company|
||Notes|E|E|E|E|
|Otherloans|20|||||
##
##
##
##
|Current financial year|||||||||
|---|---|---|---|---|---|---|---|---|
||||Movement||In funds||||
|||Balance|Incoming|Outgoing||Transfers|Fair value|Balance at|
|||at 1Aprilresources||resources||between|gains and|31 March|
|||2022||||funds|losses|2023|
|||E|E||E|E||E|
|~ff
I
df
d|||||||||
|Designated:|||||||||
|Capital maintenance||30,000||||||30,000|
|General:|||||||||
|Revenue reserves||1,333,853|1,995,392|(2,364,983)||422,421||1,386,683|
|Total unrestricted
funds||1,363,853|1,995,392|(2,364,983)||422,421||1,416,683|
|estricted
s|||||||||
|Capital redevelopment
(1995-97)|fund|105||||(16)||89|
|Capital redevelopment|fund||||||||
|(2005-07)||1,469,662||||(266,451)||1,203,211|
|Capital development|||||||||
|(Sustain fund)||177,869||||(19,763)||158,106|
|Capital development
(The Schoolhouse)||564,028||||(51,070)||512,958|
|Capital development
(Live Works)||4,870,963||||(51,643)||4,819,320|
|Capital (Live Theatre)||525,588|679||(2,170)|(33,478)||490,619|
|Education
and Participation|||63,463||(63,463)||||
|Creative Programme|||111,000||(90,000)|||21,000|
|Fair value reserve||373,175||||||373,175|
|Total restricted
funds||7,981,390|175,142|(155,633)||(422,421)||7,578,478|
|Total funds||9,345,243|2,170,534|(2,520,616)||||8,995,161|
##
##
##
##
|Prior financial year|||||||||
|---|---|---|---|---|---|---|---|---|
||||Movement||In funds||||
|||Balance at|Incoming|Outgoing||Transfers|Fair value|Balance st|
|||1 Aprtlresources||resources||between|gains and|31 Ililarch|
|||2021||||funds|losses|2022|
|||f||||8||8|
|~ll
st t|||||||||
|Designated:|||||||||
|Capital maintenance||30,000||||||30,000|
|General:|||||||||
|Revenue reserves||1,344,045|1,874,960|(2,304,356)||419,204||1,333,853|
|Total unrestricted
funds||1,374,045|1,874,960|(2,304,356)||419,204||1,363,853|
|Itest~rict
SL(ttgtjs|||||||||
|Capital redevelopment
(1995-97)|fund|123||||(18)||105|
|Capital redevelopment
(2005-07)|fund|1,736,113||||(266,451)||1,469,662|
|Capital development|||||||||
|(Sustain fund)||197,632||||(19,763)||177,869|
|Capital development|||||||||
|(The Schoolhouse)||615,098||||(51,070)||564,028|
|Capital development
(Live Works)||4,922,606||||(51,643)||4,870,963|
|Capital (Live Theatre)||99,824|463,943||(7,920)|(30,259)||525,588|
|Education
and Participation||29,619|5,000|(34,619)|||||
|Fair value reserve||38,175|||||335,000|373,175|
|Total restricted
funds||7,639,190|468,943|(42,539)||(419,204)|335,000|7,981,390|
|Total funds||9,013,235|2,343,903|(2,346,895)|||335,000|9,345,243|
##
##
##
##
##
##
##
|Arts Council England|||F2,000,000|
|---|---|---|---|
|The Catherine
Cookson Charitable||Trust|f300,000|
|SirJames Knott Trust|||f75,000|
|Garfield Wsston
Foundation|||f200,000|
|Gillian Dickinson Trust|||f200,000|
|The Monument
Trust|||f150,000|
|Department
for Communities|and|Local Government|f2,189,273|
|The Wolfson Foundation|||f50,000|
|Fidelity UK Foundation|||f75,000|
|Architectural
Heritage
Fund|||F26,100|
##
##
##
##
|Education and Participation|Education and Participation|Education and Participation|||
|---|---|---|---|---|
|The following
grant(s) were received as restricted|||funds|in the year.|
|Newcastle
culture Investment|Fund (NCIF)|||f10,000|
|Backstage Trust||||f25,000|
|John D Fund at The Community||Foundation||f2,963|
|John Horseman
Trust||||f5,000|
|John Thaw Foundation||||F1,000|
|Shears Foundation||||f5,000|
|29"May 1961Charitable
Trust||||f5,000|
|Esmbs Fairbaim
Foundation|(TASK Grant)|||f7,500|
|R W Mann Trust||||f2,000|
##
##
|Creative Programme|Creative Programme|||||
|---|---|---|---|---|---|
|The following
grant(s) were||received as restricted||funds|In the year.|
|Ths O'Oyly Carts|Charitable|Trust|||f4,000|
|Idlswild
Trust|||||f5,000|
|John Ellerman
Foundation|||||f30,000|
|Hadrian
Trust|||||f1,000|
|Gillian Dickinson|Trust||||f20,000|
|Ganick Charitable|Trust||||f5,000|
|Catherine
Cookson Charitable|||Trust||f21,000|
|Regional Theatre|Young Director Scheme||||f25,000|
##
##
|The|1995-97Capital Redevelopment|fund|f16|
|---|---|---|---|
|Ths|2005-07 Capital Redevelopmsnt|fund|f266,451|
|The|2010-11Sustain fund||f19,763|
|The
Live|School House fund
Works||f51,070
f51,643|
|Live|Theatre||f33,478|
##
##
##
|Current financial year||||||
|---|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Fair value|Total|
||funds|funds|funds|reserve||
||f|f|f|6|6|
|Fund balances at 31 March 2023 are||||||
|represented
by;||||||
|Tangible assets|1,761,500||3,817,661||5,579,161|
|Investment
property|4,745,183||3,366,642|373,175|8,485,000|
|Current assets|532,249|30,000|21,000||583,249|
|Long term liabilities|(5,652,249)||||(5,652,249)|
||1,386,683|30,000|7,205,303|373,175|8,995,161|
|Analysis ofnet assets between funds|(continued)|||||
|Prior financial year||||||
||Unrestricted|Designated|Restricted|Fair value|Total|
||funds|funds|funds|I'seervs||
||6|f|6|6||
|Fund balances at 31 March 2022 ars||||||
|represented
by:||||||
|Tangible assets|1,748,512||4,168,203||5,916,715|
|Investment
property|4,745,183||3,366,642|373,175|8,485,000|
|Current assets|570,852|30,000|73,370||674,222|
|Long term liabilities|(5,730,694)||||(5,730,694)|
||1,333,853|30,000|7,608,215|373,175|9,345,243|
##
##
##
##
##
|Name of|undertaking||Nature ofbusiness|Class of|% Held|
|---|---|---|---|---|---|
|||||shareholdlng|Direct Indirect|
|LlveWorks|(Newcastle|upon Tyne) Ltd|Capital management|Ordinary|100.00|
|Live Trading
Limited|||Commercial
operations|Ordinary|100.00|
##
##
##
##
|||||2023f|2022|
|---|---|---|---|---|---|
||Within one year|||73,000|73,000|
||Between two and five years|||365,000|365,000|
||In over five years|||529,250|602,250|
|||||967,250|1,040,250|
|29|Cash generated
from operations|||||
|||||2023|2022|
|||||f|f|
||Surplus/(deficit)
for the year|||(350,082)|332,008|
||Adjustmsnts
for.|||||
||Investment
income recognised|in profit or loss||||
||Fair value gains on investment|properties|||(335,000)|
||Depreciation
and Impairment|oftangible|fixed assets|415,656|415,458|
||Movements
in working
capital:|||||
||(Increase)/decrease
in stock|||432|(1,527)|
||(Increase)
in debtors|||(434,407)|(93,935)|
||Decrease
in creditors|||28,013|(239,157)|
||Cash (absorbed
by)/ from operations|||(340,388)|77,847|
##