||||PAGE| |---|---|---|---| |REPORT OF THE DIRECTORS (INCLUDING|STRATEGIC REPORT)||1 to 7| |REPORT OF THE AUDITORS|||8 to 10| |CONSOLIDATED
STATEMENT OF INCOME|||| |CONSOLIDATED
STATEMENT OF FINANCIAL ACTIVITIES|||12| |CONSOLIDATED
STATEMENT OF FINANCIAL|POSITION||13| |CHARITABLE COMPANY
STATEMENT OF FINANCIAL||POSITION|14| |CONSOLIDATED
CASH FLOW STATEMENT|||15| |CHARITABLE COMPANY
CASH FLOW STATEMENT|||16| |NOTES TO THE FINANCIAL
STATEMENTS|||17to 30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |CONSOLIDATED
STATEMENT OF INCO|CONSOLIDATED
STATEMENT OF INCO|ME||||| |---|---|---|---|---|---|---| |For the year ended 31August 2022||||||| |||||Note|2022f|2021f| |THEATRE INCOME||||4|7,921,386|101,509| |Cost of sales|||||(5,722,049)|(391,560)| |GROSS (DEFICIT)/SURPLUS|||||2,199,337|(290,051)| |Operating
expenses|||||(1,818,647)|(2,076,169)| |Other operating
income||||5|665,486|2,184,851| |OPERATING SURPLUS/(DEFICIT)|||||1,046,176|(181,369)| |Investment
income receivable|||||30,712|27,681| |SURPLUS/(DEFICIT)
BEFORE TAXATION|||||1,076,888|(153,688)| |TAXATION||||10||| |SURPLUS/(DEFICIT)
FOR THE FINANCIAL||YEAR|||1,076,888|(153,687)| |(Loss)/Gain
on revaluation
of investments|||||(125,834)|125,087| |TOTAL COMPREHENSIVE
INCOME|FOR THE FINANCIAL||YEAR|18|951,054|(28,601)| |Transfer to revaluation
reserve||||18|125,834|(125,087)| |Transfer to investment
programme|reserve|||18|(215,519)|| |Transfer to contingency
reserve||||18|(502,000)|| |Surplus/(Deficit)
for the year to general||reserve||18|359,369|(153,688)| ## ## |||Note|Unrestricted|Restricted|2022|2021| |---|---|---|---|---|---|---| ||||fundsf|Fundsf|Total fundsf|Total fundsf| |INCOME||||||| |Donations
and legacies:||||||| |Sponsorship
Donations
Grants|||45,016
27,773
592,697||45,016
27,773
592,697|3,025
25,671
2,156,155| |Investment
income|||30,712||30,712|27,681| |Income from||||||| |Charitable
Activities:||||||| |Theatre
income
Theatre tax relief||4|7,921,386||7,921,386|101,509| |TOTAL INCOME|||8,617,584||8,617,584|2,314,041| |EXPENDITURE||||||| |Charitable
Activities:||||||| |Cost of operation
oftheatre||7|7,540,696||7,540,696|2,467,729| |TOTAL EXPENDITURE|||7,540,696||7,540,696|2,467,729| |NET INCOME/(EXPENDITURE)||||||| |FOR THE PERIOD|||1,076,888||1,076,888|(153,688)| |Gain/(Loss)
on revaluation|of|||||| |investments|||(125,834)||(125,834)|125,087| |BALANCE BROUGHT||||||| |FORWARD|||2,113,072||2,113,072|2,141,673| |BALANCE CARRIED FORWARD||18|3,064,126||3,064,126|2,113,072| ## ## |CONSOLIDATED|STATEMENT|OF FINAN|CIAL POSIT|ION||| |---|---|---|---|---|---|---| |As at 31August|2022|||||| |||Note||2022||2021| ||||E|||| |FIXED ASSETS
Tangible assets||12(a)||268,619||329,110| |Investments||12(b)||||| |||||268,619||329,110| |CURRENT ASSETS
Stocks
Debtors
Investments
Cash at bank and|in hand|13
14
15|31,218
324,546
1,113,830
4,583,563||8,938
197,226
1,22I.,991
3,371,553|| ||||6,053,157||4,799,708|| |CREDITORS: FALLING DUE||||||| |WITHIN
ONE YEAR
Advance
bookings
All other creditors||16|2,670,229
587,421||2,633,557
382,189|| ||||3,257,650||3,015,746|| |NET CURRENT ASSETS||||2,795,507||1,783,962| |TOTAL ASSETS LESS CURRENT||||3,064,126||2,113,072| |LIABILITIES||||||| |NET ASSETS||||3,064,126||2,113,072| |Represented
by:
Reserve funds||18||3,064,126||2,113,072| ## ## |As at 31August|2022|||||||| |---|---|---|---|---|---|---|---|---| |||Note|f|2022||f|2021|| |FIXED ASSETS||||||||| |Tangible assets
Investments||12(a)
12(b)|||268,619
200|||329,110
200| ||||||268,819|||329,310| |CURRENT ASSETS||||||||| |Stocks
Debtors
Investments
Cash at bank and|in hand|13
14
15|31,218
401,741
1,113,830
4,504,778|||8,938
205,394
1,221,991
3,349,995||| ||||6,051,567|||4,786,318||| |CREDITORS: FALLING DUE||||||||| |WITHIN 0NE YEAR||||||||| |Advance
bookings
All other creditors||16|2,670,229
586,076|||2,633,557
369,006||| ||||3,256,305|||3,002,563||| |NET CURRENT ASSETS||||2,795,262|||1,783,755|| |TOTAL ASSETS LESS CURRENT||||||||| |LIABILITIES||||3,064,081|||2,113,065|| |NET ASSETS||||3,064,081|||2,113,065|| |Represented
by:||||||||| |Reserve funds||18||3,064,081|||2,113,065|| |APPROVED
BYTHE BOARD ON 22||NOVEMBER|2022|||||| |AND SIGNED ON ITS BEHALF BY:||||||||| ## ## ## |||Note|2022|2021| |---|---|---|---|---| ||||6|E| |CASH FLOWS FROM OPERATING ACTIVITIES||||| |Surplus
for the financial
year before taxation|||951,054|(28,601)| |Adjustments
for:
Depreciation|||73,313|74,074| |Loss/(Profit)
on disposal of fixed assets
(Increase)/Decrease
in stock
(Increase)/Decrease
in trade and other debtors
Increase/(Decrease)
in trade and other creditors|||(22,280)
(127,320)
241,903|6,626
94,255
876,104| |Taxation
received||||| |NET CASH GENERATED
FROM OPERATING ACTIVITIES|||1,116,670|1,022,458| |CASH FLOWS FROM INVESTING ACTIVITIES||||| |Purchase
oftangible
fixed assets|||(12,821)|(33,756)| |NET CASH FROM INVESTING ACTIVITIES|||(12,821)|(33,756)| |INCREA5E IN CASH|||1,103,849|988,702| |CASH AND CASH EQUIVALENTS
AT BEGINNING|OF YEAR|21|4,593,544|3,604,842| |CASH AND CASH EQUIVALENTS
AT END OF YEAR||21|5,697,393|4,593,544| ## ## |For the year ended 31August 2022||||| |---|---|---|---|---| |CASH FLOWS FROM OPERATING ACTIVITIES||Note|2022f|2021| |Surplus
for the financial
year
Adjustments
for:|||951,016|(28,601)| |Depreciation
Loss on disposal
offixed assets|||73,313|74,074| |(Increase)/Decrease
in stock
(Increase)/Decrease
in trade and other debtors
Increase/(Decrease)
in trade and other creditors|||(22,280)
(196,348)
253,742|6,626
176,402
867,565| |NET CASH GENERATED
FROM OPERATING ACTIVITIES|||1,059,443|1,096,066| |CASH FLOWS FROM INVESTING ACTIVITIES||||| |Purchase oftangible
fixed assets|||(12,821)|(33,756)| |NET CASH FROM INVESTING ACTIVITIES|||(12,821)|(33,756)| |IN CREA 5E IN CASH|||1,046,622|1,062,310| |CASH AND CASH EQUIVALENTS
AT BEGINNING|OF YEAR|21|4,571,986|3,509,676| |CASH AND CASH EQUIVALENTS
AT END OF YEAR||21|5,618,608|4,571,986| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Theatre income is an|alyse|d
as fo|llows:|||| |---|---|---|---|---|---|---| ||||||2022f|2021f| |Box office income
Other income|||||6,029,567
1,891,819|49,617
51,892| ||||||7,921,386|101,509| |Theatre income consists||ofthe following||categories:||| ||||||2022f|2021f| |Sales of goods
Sales of services|||||829,363
7,092,023|4,775
96,734| ||||||7,921,386|101,509| |OTHER OPERATING|INCOME|||||| ||||||2022f|2021f| |Grants and subsidies|—Covid-19 Support|||Grants|592,697|2,156,155| |Donations
Sponsorship|||||27,773
45,016|25,671
3,025| ||||||665,486|2,184,851| |SURPLUS FOR THE|FINANCIAL||YEAR|||| |is stated after charging/(crediting):||||||| ||||||2022f|2021| |Depreciation
oftangible||fixed assets|||73,313|74,074| |Loss on disposal
of fixed
Auditors'
remuneration||assets|||12,900|12,692| ## ## |NO
For|TES TO THE FINANCIAL
STATEMENTS
the year ended 31August 2022|TES TO THE FINANCIAL
STATEMENTS
the year ended 31August 2022|TES TO THE FINANCIAL
STATEMENTS
the year ended 31August 2022||| |---|---|---|---|---|---| |7.|ANALYSIS OF EXPENDITURE
ON CHARITABLE ACTIVITIES||||| ||The|Charity undertakes
one direct charitable|activity only.||| ||(a)|Cost of operation
oftheatre|||| |||||2022f|2021f| |||Show costs
Bar and kiosk supplies
Wages and salaries (net of recharges)
Other costs
Postage, stationery
and telephone
Marketing
Glee choir, education
and workshops
Premises costs
Depreciation
Loss on disposal
of fixed assets||5,007,871
246,263
894,139
130,198
43,992
161,263
675
257,260
73,313|374,461
15,207
731,457
235,150
11,730
159,495
45,371
135,702
74,074| |||Support costs (see 7 (b) below)||725,722|685,082| |||||7,540,696|2,467,729| ||(b)|Analysis of support costs|||| |||The Charity allocates its support costs as follows:|||| |||||2022|2021| |||||6|6| |||Salaries and wages
Office expenses
Professional
charges||645,391
59,191
21,140|610,922
36,960
37,200| |||||725,722|685,082| ## ## ## ## ## |
during
the year|was as follows:||| |---|---|---|---| |||2022|2021| |||No|No| |Non-Executive
Production
Administration|Directors|8
68
17|6
45
19| |||93|70| |The aggregate|payroll costs of these persons were as follows:||| |||2022f|2021f| |Wages and salaries
Social security costs
Pension costs
Redundancy
costs||1,471,045
120,878
40,287|1,180,096
104,803
43,895
172,404| |||1,632,210|1,501,198| |r annum
|was:| |---|---| |2022|2021| |No|No| |Taxable|emoluments
band| |---|---| ||f60,000 - f70,000 per annum
f70,000 - 580,000 per annum
f100,000 - f110,000 per annum| ## ## ## ## ## ## ## ## ||Improvements|||| |---|---|---|---|---| ||to leasehold|Computer|Fixtures and|| |COST:|property f|equipmentf|equipmentf|Totalf| |As at 31August 2021
Additions
Disposals|9,053,657|179,871
7,735|586,369
5,086|9,819,897
12,821| |As at 31 August 2022|9,053,657|187,606|591,455|9,832,718| |DEPRECIATION:||||| |As at 31August 2021
Charge for the year
Eliminated
on disposals|8,996,332
11,660|159,224
12,528|335,230
49,125|9,490,786
73,313| |As at 31 August 2022|9,007,992|171,752|384,355|9,564,099| |BOOK VALUE:||||| |As at 31 August 2022|45,665|15,854|207,100|268,619| |As at 31August 2021|57,325|20,646|251,139|329,110| ## ## |INVESTMENTS||| |---|---|---| ||Shares|in subsidiary| ||undertaking|| ||Group|Charitable| |||Company| |COST
As at 1September 2021||200| |Additions||| |As at 31 August 2022||200| ## ## ## |STOCKS|||||| |---|---|---|---|---|---| |||Group||Charitable|Company| |||2022
f|2021
f|2022
f|2021| |Goods for resale||31,218|8,938|31,218|8,938| |DEBTORS|||||| |||Group||Charitable|Company| |||2022
f|2021
f|2022
f|2021
f| |Trade debtors
Amounts
due
Other debtors
Prepayments|from group undertakings
and accrued income|190,979
45,410
88,157|24,258
89,935
83,033|108,433
159,747
45,404
88,157|24,258
36,704
61,398
83,033| |||324,546|197,226|401,741|205,393| ## ## |For t|he year ended 31August 2022|he year ended 31August 2022|he year ended 31August 2022||||| |---|---|---|---|---|---|---|---| |15.|CURRENT ASSET INVESTMENTS||||||| ||||||Group|Charitable|Company| |||||2022|2021|2022|2021| |||||E|E|I|E| ||Short term deposits||||||| ||Brewin
Dolphin
managed||funds|1,113,830|1,221,991|1,113,830|1,221,991| |||||1,113,830|1,221,991|1,113,830|1,221,991| |16.|ALL OTHER CREDITORS - FALLING DUE WITHIN
ONE YEAR||||||| |||||Group
2022
2021||Charitable
2022|Company
2021| |||||6|6|E|E| ||Trade creditors
Social security costs and||other|84,795|60,244|84,750|60,199| ||taxation|||40,863|11,838|40,863|| ||Other creditors
Accruals
and deferred
Amounts
due to group|income
undertakings||55,969
405,794|52,288
257,819|55,969
404,394
100|52,288
256,419
100| |||||587,421|382,189|586,076|369,006| ## ## ## ## ## |GROUP|||||||| |---|---|---|---|---|---|---|---| |||Investment|||||| |||programme
reserve
f||Contingency
Reserve
f|Revaluation
Reserve
f|General
reserve
f|Total
f| |At 31 August 2021|||849,046|1,330,000|168,262|(234,236)|2,113,072| |Surplus|for the||||(125,834)|1,076,888|951,054| |financial|year||||||| |Transfer|(to)/from||215,519|502,000||(717,519)|| |general|reserve||||||| |At 31 August 2022|||1,064,565|1,832,000|42,428|125,133|3,064,126| |CHAR ITA8 LE CO M||P|ANY||||| ||||Investment||||| ||||programme
reserve
f|Contingency
Reserve
f|Revaluation
Reserve
f|Genera
I
reserve
f|Total
f| |At 31 August 2021|||849,046|1,330,000|168,262|(234,243)|2,113,065| |Surplus|for the||||(125,834)|1,076,850|951,016| |financial|year||||||| |Transfer|(to)/from||215,519|502,000||(717,519)|| |general|reserve||||||| |At 31August 2022|||1,064,565|1,832,000|42,428|125,088|3,064,081| ## ## ## ## ## ## |||||Group|Charitable|Company| |---|---|---|---|---|---|---| ||||2022
f|2021
f|2022
f|2021
f| |Net incoming
resources|for|the||||| |financial
year|||951,054|(28,601)|951,016|(28,601)| |Increase
in members'
funds|||951,054|(28,601)|951,016|(28,601)| |Members'
funds at beginning||ofyear|2,113,072|2,141,673|2113,065|2,141,666| |Members'
funds at end|of year||3,064,126|2,113,072|3,064,081|2,113,065| |ANALYSIS OF NET ASSETS BETWEEN|||FUNDS|||| |GROUP||||||| |||||Unrestricted|Restricted|Total| |||||fundsf|fundsf|Fundsf| |Fund balances at 31 August||2022 are||||| |represented
by:||||||| |Tangible
fixed assets
Current assets
Creditors:
Falling due|within|one year||268,619
6,053,157
(3,257,650)||268,619
6,053,157
(3,257,650)| |Total net assets|||3,064,126|||3,064,126| ## ## ## ## ||||||Unrestricted|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||Fund balances at|31August||2022 are||fundsf|fundsf|fundsf| ||represented
by:|||||||| ||Tangible fixed assets
Current assets
Creditors:
Falling due within|||one year|268,819
6,051,567
(3,256,305)|||268,819
6,051,567
(3,256,305)| ||Total net assets|||||3,064,081||3,064,081| |21.|COMPONENTS
OF|CASH AND||CASH EQUIVALENTS||||| ||||||Group||Chantable|Company| ||||||2022
f|2021
f|2022
f|2021
f| ||Cash at bank and
in hand
Current asset investments||||4,583,563
1,113,830|3,371,553
1,221,991|4,504,778
1,113,830|3,349,995
1,221,991| ||||||5,697,393|4,593,544|5,618,608|4,571,986| |22.|ANALYSIS OF CHANGES||IN NET FUNDS|||||| ||GROUP|||||At 31
August 2021f|Cash flows
f|At 31
August 2022
f| ||Cash at bank and
in hand
Current asset investments|||||3,371,553
1,221,991|1,212,010
(108,161)|4,583,563
1,113,830| |||||||4,593,544|1,103,849|5,697,393| ## ## ## |ANALYSIS OF CHANGES
IN NET FUNDS|(Continued)||| |---|---|---|---| ||At 31||At 31| ||August 2021
E|Cash flows
f|August 2022
E| |CHARITABLE COMPANY|||| |Cash at bank and
in hand
Current asset investments|3,349,995
1,221,991|1,154,783
(108,161)|4,504,778
1,113,830| ||4,571,986|1,046,622|5,618,608| ## ## ## ## |2022
F|2021f| |---|---| ## ##