##
|CONTENTS|||Page|
|---|---|---|---|
|Company
information||||
|Chai Vs Report|||24|
|Trustees' and Directors Annual||Report|5-7|
|Statement ofTrustees'|Responsibilities|||
|Independent
Auditor's|Report||9-11|
|Statement of Financial|Activities||12|
|Balance Sheet|||13|
|Cash Flow Statement|||14|
|Notes to the financial|statements||15-32|
|PRESIDENT|Dame Judi Deneb||||||
|---|---|---|---|---|---|---|
|FOUNDING|Graham
Lamont||||||
|PRESIDENTS|Vicky Robinson
MBE||||||
|VICE PRESIDENTS|Nigel lllman||||||
||Doreen ytlilkinson||||||
|PATRONS|Lord Bragg of Wtgton||||||
||SirTony Cunningham||||||
||Hunter
Davies OBE||||||
||Dame Patricia Routledge|||OBE|||
||Eric Robson OBE||||||
||Richard
Wilson OBE||||||
|DIRECTORSAND
TRUSTEES|Charles Carter *
Kate McLaughlin-Flynn|||*|||
||Anne Chambers||||(Resigned|26/03/2022)|
||DrJimCoxOBE*||||||
||Steve Freeman **|**|||||
||Elizabeth
Freestone||*||(Appointed|06/04/2021)|
||Janaki Fryer-Spedding||||||
||Fiona Lowry*||||(Appointed|06/04/2021)|
||Philip Moorhouse||||(Appointed|06/04/2021)|
||Jenna Omeltschenko||||||
||Geoffrey Hall||||(Resigned|25/09/2021)|
||Godfrey Owen||||(Resigned|25/09/2021)|
||*Member of Finance|Committee|||||
||Member ofArtisgc|Committee|||||
|SECRETARY|Amanda
Leader||||(Appointed|25/09/2021)|
|CHIEF EXECUTIVE|James Cobbold||||||
|KEY MANAGEMENT|Liz Stevenson —Artistic|||Director|||
|PERSONNEL|David Jane —General|Manager|||||
||Rachel Swift- Head|of|Communications||||
|REGISTERED|Theatre
by the Lake||||||
|OFFICE|Lakeside||||||
||Keswick||||||
||Cumbria||||||
||CA12 5DJ||||||
|AUDITORS|Azets Audit Services||||||
||Fleet House||||||
||New Road||||||
||Lancaster||||||
||LA1 1EZ||||||
|MAIN BANKERS|Barclays Bank pic||||||
||Market Square||||||
||Keswick||||||
||Cumbria||||||
||CA12 5BE||||||
|COMPANY NUMBER|1874868||||||
|CHARITY NUMBER|516673||||||
|TELEPHONE|017687 72282||||||
|WEBSITE|www. theatre
thelake.|corn|||||
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|||Notes|Unrestricted|Unrestricted|Restricted|Total|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Funds||Funds|2022|2021||
||||6||6||5||
|INCOME|||||||||
|Donations||||808,167|256699|1 064866|2,210,139||
|Chantable
activities||||407,815||407,815||5,402|
|Other trading activities||||156,705||156,705||52,053|
|Investment
income||||132||132||757|
|Other income||||48,701||48,701||4,289|
|TOTAL INCOME|||I|421 520|||||
|EXPENDITURE|||||||||
|Costs ofraising funds||||98,877||98,877||43,880|
|Costs ofcharitable|activities|||958,057|775,472|1,731,529|1,434,710||
|TOTAL|||I|054 934|775472|1 830
6|I|478590|
|Net (expenditure)|IIncome before||||||||
|transfers
Itaxation||||386,556|(518,773)|(152,187)||795,050|
|Transfers||19|||||||
|Net movement
In funds (net income after taxatlon)||||366,586|(519,773)|(152,187)||795,050|
|Reconciliation
offunda|||||||||
|Trrial funds brought|forward||1,836,490||3,764,945|5,601,435|4,805,385||
|Total funds cerned|forward|19||||Br449,248|5,601,435||
##
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||2|2|8||
|FIXED ASSETS||||||
|Tangible assets|11|4422.188|4,560008|4422,188|4,580,008|
|Intangible assets|12|26.520|27.040|26,520|27,040|
|Investments|13|||200||
|Iotal Fixed Assets||4448,708|4,507,048|4TM8,908|4607248|
|CURRENTASSETS||||||
|Socks|14|ZZI50|2,36T||2,387|
|Debtors|15|1TTr475|153,542|261.135|169,258|
|Cash at bank and in hand||1401,728|1277.153|1304 932|12540TI|
|Total Current Assets||1,582,053|1,433,082|4566.067|1,425,7r6|
|CREDITORS||||||
|Amounts
falling due within one year|16||||f431 52&)|
|NETCURRENT ASSETS||1,000,540|994,387|1,000.340|994,18T|
|TOTAL ASSETSLESSCURRENT|LIAEILlllES|5A49248|5,601435|57I49,248|5601435|
|TOTAL NETASSETS||5448248|560f 435|5449248|5.601,435|
|FUNDS||||||
|Unresbimed
Funds|19|2203,076|1,836,490|2203,076|1,836,490|
|Restricmd Funds|19|3246,172|3.764.945|3248,472|3,T64,945|
|||5A48248|5,60f,435|5r449.248|5,601,435|
##
##
|||||||Group|Group|Charity|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2021|2022|2021||
|||||||2|5|5|2||
|Cash flows from operating|activities||||||||||
|Net cash provided
by (used|in) operating||activiTies|||159841||||660 T29|
|Cash flaws from tax cnxlits:|||||||||||
|Theatre tax credit received|||||||133800||||
|Cash flows from investing|activities:||||||||||
|Bank Interest||||||132|757|132||757|
|Purchase ofproperly
plant|and equipment|||||(27,598)|(11,669)|(27,598)||(11,6S9)|
|Website|||||||||||
|Net cash (used in) invesang|activaes||||||||||
|Change
in cash and cash equivalents||in the||year||124,575|825,742|50,861||816,01T|
|Cash and cash equivalents|at the start|ofthe||year|||451411|1254071||438054|
|Cash and cash equivalents|at the end|of|the|year|||||1|254071|
|Reconcigation
ofnet Income/(expenditure)||||to net|cashflow from operating|activities|||||
|Net (expenditure)
per the SoFA||||||(152,187)|790,761|(152,187)||795,050|
|Adjustmenls
for:|||||||||||
|Depreciation
charges||||||185raf8|181,465|185,418||1S1,465|
|Amorbsabon
charges||||||8.320|6,760|8,320||S,760|
|Dividends
and interest from|investments|||||(132)|(757)|(131)||(75T)|
|(Increase)/deaease
in stocks||||||(462)|3,155|2rMT||1,834|
|(Increase)/decrease
in debtors||||||(23,934)|(6,734)|(91,STS)||107,000|
|Increase/(decrease)
in creditors|||||||||||
|Net cash provided
by (used|in) operating||acsvities|||||86 127||860 T29|
|Analysis ofcash and cash|equivalents||||||||||
|Cash in hand||||||1W1,728|1,277,153|1,304,932|1,254,071||
|Total cash and cash equivalents|||||||||||
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|DONATIONS||||||||
|---|---|---|---|---|---|---|---|
||||2022|||2021||
||Unrestricted||Resbtcted|Total|Unmstrlcted|Restricted|Total|
||||f|f||f|f|
|Core grants||||||||
|Arts Counol
England - NPO|615,182|||616,182|625,534||625,534|
|ACE - emergency
funding|||||Ieo,ooo||180,000|
|ACE-CRF1||||||878,492|878,492|
|ACE-CRF2|||87,099|87,699||||
|ACE-CRF3|||135,000|135,000||||
|Cumbria
CountyCouncil|25,000|||25,000|10,000||10,000|
|Aeerdale BC- covid suppon grants|40,000|||40,000|48,925||40,925|
|HMRC —CJRS (furlough)|||||216,997||215,987|
|Other grants|5,500|||5,500||||
|Donetfolis||||||||
|Friends ofTheatre by the Lake|29,432||12,000|41,432|91,355|35,000|126,WS|
|Other donaeons
(incl Gift Aid)|93053||22000||||123830|
|INCOIBE FROM CHARITABLE ACTIVITIES||||||||
|Theatre Performances|395,966|||395,966|1,383||1,383|
|Educacon 8 Participation|11649|||11849|2019||5019|
||407815|||||3 OOO|5402|
|The movement
in deferred box office income is shown||in note 19.||||||
|INCOME FROM OTHER TRADING ACllVITIES||||||||
||||2022|||2021||
||Unrestncted||Restricted|Total|Unrestricted|Resbicted|Total|
||2||f|f||f|f|
|Ftindralsing||||||||
|Business parlnerships||||||||
|Equipment
it costume
hire etc|||||15,353||15,353|
|Room hires|6000|||6000||||
|Total fundraising
activities|e,ooo|||6,000|||15,353|
|Trading subsidiary||||||||
|Turnover
&other income|150705|||150705|36700||36 700|
|Total subsidiary
activities|150705||||||38700|
|||||156,705|52053||52,053|
|INVESTMENT INCOME||||||||
||||||2022||2021|
||||||f||8|
|Bank interest received|||||132||757|
||||||||757|
##
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||||||2022|||2021|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total||
|||||2|6|2|6|f|E||
|Generaltng
donations 6grants|||||||||||
|Direct cos'Is||||846||846|||||
|Suppoh costs||||5,313||5.313|5,254|||5,254|
|Governance
costs||||302||302|248|||246|
|Charged to restricted|funds||||||||||
|||||e,461||6,461|5502|||5502|
|Fundreisfng|||||||||||
|Dlfect cone||||6,204||6,204||||9,839|
|Suppohcosts||||5,313||6,313|5,254|||5,254|
|Governance costs||||302||302|248||||
|Charged to restricted|funds||||||||||
|||||11819||11819|15341||||
|Trading subsidiary|||||||||||
|Direct costs||||2,823||2,823|2,746|||2,746|
|Support costs||||77774||77774|20291|||20291|
|Total subsidiary
acawses||||80597|||23037|||2303T|
|Tots Iexpenditure
on|other activities|||98877||98877|43,880||||
|COSTS OF CHARITABLE||ACTIVITIES|||||||||
|costs oimeaee opemtions|||and||||||||
|perfermances
(including||touring)|||||||||
||||||2022|||2021|||
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total||
|||||8|6|2|6|2|6||
|In-house productions'|actors|||89,330||88,330|||||
|In-house productions|creakve|||252,529||252,529|(17,862)|||(17,552)|
|Other direct costs||||648,111||646,111|459,448|||459,448|
|Incoming work: direct|costs||||||||||
|Scxoffice and house|management||||||||||
|Marketing
and publicity||||55,148||55,148|13,665|||13,666|
|Support costs||||616,691||616,691|776,129|||775,129|
|Gcvefrlsnce costs||||28,390||28,390|23,430|||23,430|
|Charged tcress icted|funds||||740986|||442090|||
|||||947,213|740 986|1,688,199|842 721|442090|I|284811|
|Education and pardclpadon|||||||||||
|Direct costs||||18,820||18,820|104,997|||104,997|
|Support costs||||23,302||23,302|43,909|||43,909|
|Governance ccats||||1,208||1,208|993|||993|
|Charged to restricted|funds||||34486||||||
|||||8844|34486|43330||||149899|
##
|8|SUPPORT AND GOVERNANCE|SUPPORT AND GOVERNANCE|COSTS|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||2022|||2021||
||||General|Suppon|Governance|Total|General Support|Governance|Total|
||||||6|f|2|6|8|
||Salaries and related costs|||152,800|11,949|164,748|232037|13,900|245,537|
||Direct governance costs|||||||920|920|
||Premises|||108,614|1,525|200,139|251,372|1,150|252,530|
||General
office|||140,471|1,142|141,813|82072|823|82,895|
||Finanaal|||15,985|14,617|30,582|3,041|7,077|10,118|
||Consultancy
and development|||27,773||27,773|94,522||94,522|
||Depredation|||192,771||193,740|187284|941|188,225|
|||||||768,S9S|850,928|24,820|875,755|
||Appor3aned as:|||||||||
||Gsnerabng
grants and donations|||5,313|302|5,615|5,254|240|5,502|
||Theatre performances|||610,691|20,390|645,081|778,129|23,430|709,550|
||Participation
and outreach|||23,302|1,208|24,510|43,909|993|44,902|
||Fundraising
activities|||5,313|302|5,615|5,254|248|5,502|
||Trading
subsidiary|||77774||77774|20382|(91)|20291|
|||||728,393|30,202|758,595|||875,755|
||Analysis ofgovernance|costs||||||2022
8|2021f|
||External
audit|||||||14,484|7,077|
||Costs ofTrustee meetings,|travel,|admmistration|etc|||||920|
||Apportianment
ofstaf costs|||||||Igr405|13,900|
||Apporborlment
ofsupport|costs||||||5413|2,931|
|||||||||30,201|24,828|
##
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##
|||||2022|2021||
|---|---|---|---|---|---|---|
|ACtare|and|Freelance|Stage Managers|2|||
|||Fees||82,357||5,974|
|||Pension contributions||3,985||45|
|||Employer's|Nl contributions||||
|||||||6,019|
##
|10|Net movement
in total funds forthe year|2022|2021|
|---|---|---|---|
||This is stated after charging|2|f|
||Auditor's
remuneration
(for parent and subsidiary)|6,750|7,077|
||Remuneration
toauditors for other seniices|4,250||
||Depreciation
and smortisation|193,740|181,465|
||Payments
under operating
leases|9,OBB|11,132|
||Trustees'
remuneration|||
||Trusteed expenses|||
##
|11 TANGIBLE FIXEDASSETS|11 TANGIBLE FIXEDASSETS||||||||
|---|---|---|---|---|---|---|---|---|
|||Long Leasehold||||Office|||
|||Land &|Fixtures|&|Theatre|Equipment|||
|Group &Charity||Bugdings|Fltdrigs||Equipment|&Software|Total||
|Cost||5|5||6|6|E||
|As at 1 April 2021||6,778,620|554,502||823,820|197,188|8,354,130||
|Additions||||14,163|2,987|10,448||27,598|
|Disposals|||||||||
|As at 31 hlarch 2022||6,778620|568 665||826,807|207636|8|381728|
|Depreciation|||||||||
|As at 1 Apnl 2021||2,357,927|468,921||770,176|I77,098|3,774,122||
|Provided||134,580|25,585||17,533|7,720||185,418|
|Dlspossls|||||||||
|As at 31 March 2022||2492507|||||3959540||
|Nst BookValue|||||||||
|As at31 March 2022|||||||||
|As at 1April 2021|||||||4,56o,oo6||
|12 INTANGIBLE FIXEDASSETS|||||||||
|Group 8 Charity||||||Website|Total||
|Cost||||||6|||
|As at 1 Apnl 2021||||||33,800||33,800|
|Addieons||||||7,800||7,800|
|As at31March 2022||||||41,600||41,600|
|Amortlsatlon|||||||||
|AS at 1 April 2021||||||6,760||6,760|
|Provided||||||8,320||8,320|
|As at 31 March 2022||||||15,060||15,080|
|Net BookValue|||||||||
|As at31 March 2022||||||26,520||26,520|
|Asat1 Apnl 2021||||||||27,040|
|13 FIXEDASSETINVESTMENTS|||||||||
||||Group||Gmup|Charity|Charity||
||||2022
f||2021|2022
f|2021f||
|Shares
in subsidiary|undertakings|||||200||200|
||||||Gmup|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
|14 STOCKS|||||2022
6|2021f|2022
6|2021
6|
|Consumable
ihms|||||2850|2 387||2387|
|||||||2,387||2387|
|15 DEBTORS|||||||||
|Trade debtors|||||31,134|687|2.319|587|
|VAT refund due|||||17,666|54,250|17,534|53,932|
|08ter' detaom|||||50,519|98,605|50,619|ee,332|
|Inter-company
balances|||||||112,807|26,307|
|Theatre lsxcredit recoverable|||||42,219||42,219||
|Prepayments|||||35,937||35,937||
||||||177475|153,542|261,135|169,258|
|16 CREDITORS: amounts|falling due within one year||||||||
|Trade creditors|||||91,214|165,561|84,921|151,300|
|Taxation and social securily|||||13,984|4,331|13,984|4,331|
|Deferred income - advance||bookings||17|190,240|1,059|190,240|1,059|
|Deferred income - grants and other||||17||23,752||23,752|
|Customer credits|||||104,229|130,277|104,229|139,277|
|Third parly resources||||18|73,160|47376|73.160|47,370|
|Deter creditors|||||22,363|14,292|22.363|14,202|
|Accruals|||||86,323|28,047|76,630|25,142|
|Loan - Cumbna
County Council||||||I5,000||15000|
|||||||||431,529|
|17 MOVEIBENTS IN DEFERRED INCOME|||||||||
||||||||2022
6|2021f|
|Deferred income brought|forward||||||24,811|224,442|
|Released
in the year|||||||(10r402)|(224,442)|
|Deferred
in the year||||||||24,511|
|Deferred
income cerned|forward||||||190,240|24,81I|
|18 THIRD PARTY RESOURCES|||||||2022|2021|
||||||||6||
|Balance brought
forward|||||||47,376|75,181|
|Receipts
in the year|||||||71,434|58,010|
|Wahheld fortheatre hire|and|other charges||||||(853)|
|Forwarded
to hiring organisations|||or refunded to their customers||||||
|Balance carried forward||||||||47,376|
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|||||||Unrestricted|Res'trlcted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Furida|Furids|2022|2021|
||||||||5|5||
|Total incoming resources||||||1,340,923|256,699|1,597,622|2,294,943|
|Total resources expended||||||974337|775472|1,749,809|1,499,593|
|Net (expendikure)
/ income for the||||||||||
|year before transfers|||||||||795,050|
|Subsidiary
undertaking||-commercial and trading|activities|||||||
|A summary
ofthe results||and closing balances ofthe|subsidiary,|TBTL|Services|Ltd, isshown below.||||
||||||||2022||2021|
||||||||6||5|
|Turnover|||||||150,705||20,750|
|Intercompany
adluslments||||||||||
|Activities fcr genemkng|funda trading operations||||||150,705||20,750|
|Cost ofsales||||||2,823||2,746||
|Administration
ii premises||expenses||||77,774||20,291||
|Management
charge||||||||||
|Cost oftrading operasons|||||||80,597||23,037|
||||||||70,107||(2,287)|
|orner income|||||||||15,950|
|Net profit reported
m consolidated
accounts|||||||86,630||13,553|
|Add back intercompany|adjustments|||||||||
|Net profit for the year reported by TBTLServices Ltd|||||||86,630||13,053|
|Gih Aid||||||||||
|Retained
in the subsidiary||||||||||
|As atthe balance sheet|date, the assets and liabilikes||ofme subsidiary||were:|||||
|Current assets|||||||||23,400|
|Creditors: amounts
due|within one year|||||||||
|Represented
by:||||||||||
|Aggregate share capital|and reserves||||||100|||
|Profit and Loss Account|||||||86,630|||
||||||||86,730||100|
##
##
|||||||2022|||2024||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||6|||8||
|Tur'hover||||||||||44,340|
|Intercompany
adjustments|||||||||||
|Activities for generating|funds: trading operations|||||||||(4,289)|
|Cost ofsales||||||||48,629|||
|Intercompany
adjustments||||||||(48,629)|||
|Administration
&premises expenses|||||||||||
|Cost oftrading operations|||||||||||
|Net loss reported
in consolidated|||accounts|||||||(4,289)|
|Add back intercompany|adjustments||||||||||
|Net loss for the year reported||by|Theatre by ihe Lake Productions|Ltd||||||(4,289)|
|Tax Claim||||||||||4289|
|Retained
in the subsidiary|||||||||||
|As atthe balance sheet|dale,|the|assets and liabilities ofthe subsidiary||were:||||||
|Current assets|||||||100|||I0,273|
|Creditors: amounts due|vnthin|one year|||||||||
|||||||||||(00|
|Represented
by:|||||||||||
|Aggregate
share capital|and reserves||||||||||
|Theatre tax credit:|||||||||||
|TTRclaimabie||||||||||(f,695)|
|Deferred tax asset movement||||||||||5,984|
|Credit in accoums||||||||||4,289|
##
|||||At 31Iaarch 2021|Funds designated|At 31 March 2022|
|---|---|---|---|---|---|---|
|Designated
funds:|||||||
|Cu/hurst
Recovery Fund|(1)||||2,527|2,527|
|Expenditure
committed|in 21/22, completed||in 22/23||25,686|25,606|
|Works planned
in 21/22, commissicned||in|22/23||129,365|120,365|
|8lrategic initiatives
and|contingency||||||
|||||||302,570|