##
##
##
|CONTENTS|||Page|
|---|---|---|---|
|Company
information||||
|Chai Vs Report|||2-3|
|Trustees' and Directors Annual||Report|4-13|
|Statement ofTrustees'|Responsibilities||14|
|Independent
Auditor's|Report||15-17|
|Statement of Financial|Activities||18|
|Balance Sheet|||19|
|Cash Flow Statement|||20|
|Notes to the financial statements|||21-38|
##
|PRESIDENT|Dame Judi Dench||||||
|---|---|---|---|---|---|---|
|FOUNDING|Graham
Larnont||||||
|PRESIDENTS|Vicky Robinson
MBE||||||
|VICE PRESIDENTS|Nigel lllman||||||
||Doreen Wilkinson||||||
|PATRONS|Lord Bragg ofWigton||||||
||SirTony Cunningham||||||
||Hunter Device OBE||||||
||Dame Patricia Routledge OBE||||||
||Edic Robson OBE||||||
||Richard Wilson OBE||||||
|DIRECTORS AND|Charles Carter *||||||
|TRUSTEES|Kate McLaughlin-Flynn
Dr Jim Cox OBE *|*|(Resigned|3/9/2022)|||
||Steve Freeman||||||
||Elizabeth Freestone|"|||||
||Janaki Fryer-Spedding||||||
||Fiona Lowry'||||||
||Philip Moorhouse*||||||
||Jenna Omeltschenko||||||
||*Member ofFinance Committee||||||
||Member ofArtistic Committee||||||
|SECRETARY|Amanda
Leader||||||
|JOINT CEO|Simon Stephens (Executive Director)||||||
|(from 13/3/2023)|Liz Stevenson
(Artistic Director)||||||
|EXECUTIVE DIRECTOR|James Cobbold||(Resigned|28/9/2022)|||
||Simon Stephens||(Appointed|13/3/2023)|||
|ARTISTIC DIRECTOR|Liz Stevenson||||||
|KEY MANAGEMENT|David Jane- General Manager||||||
|PERSONNEL|Amanda Leader- Head|ofFinance|||||
||Rachel SwiR —Head of|Communications|(Resigned 31/3/2023)||||
||Amy Clewes —Producer||||||
||Shelly Ramsdale —Head of Marketing||and Communications||(appointed|19/7/2023)|
|REGISTERED|Theatre by the Lake||||||
|OFFICE|Lakeside||||||
||Keswick||||||
||Cumbria||||||
||CA12 5DJ||||||
|AUDITORS|Azets Audit Services||||||
||Fleet House||||||
||Nsw Road||||||
||Lancaster||||||
||LA1 IEZ||||||
|MAIN BANKERS|Barclays Bank pic||||||
||Market Square||||||
||Keswick||||||
||Cumbria||||||
||CA12 5BE||||||
|COMPANY NUMBER|1874868||||||
|CHARITY NUMBER|516673||||||
|TELEPHONE|01768772282||||||
|WEBSITE|www. theatre
helake. corn||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||urrrsslrlclsd|Rssbfsted|Total|rohri|
|---|---|---|---|---|---|---|---|
|||||Funds|Fllnds|2023|2022|
|||||2|2|2||
|INCOME||||||||
|Oonsfions||||972,297|29,511|1,001,N8|1,064,866|
|Charitable
acfivlties||||1,211,845||Iatf1,845|407,815|
|Other trading
scfivifies||||234,227||||
|Inveshnent
income||||1,723||1,723|132|
|Other income||||295,741||295,741|48,701|
|TOTALINCOME|||||||I678219|
|EXPENOITVRE||||||||
|Costs ofgenerafing||funds||101,495||101,495||
|Costs ofcharitable||activities||2,724,709|215,064|2,938,773|1,731,529|
|TOTAL|||||||I830406|
|Net (expenditure)|Iincome before|||||||
|trarlsfsrs
Ilaxation||||(110,371)|(185,553)|(295,924)|(152187I|
|Transfers|||19|||||
|Net mmmment
in funds (net Income after laxation)||||(110,371)|(185,553)|(295,924)|(152 187)|
|Reconciliation
offunds||||||||
|Total funds bmught||forward|19|2,203,076|3,246,172|5,449,248|5,601,435|
|Total funds carried||forward|19||||5,440,246|
##
##
|||Group|Group|Group|Chargy|Chargy|
|---|---|---|---|---|---|---|
|||2023|2022||2023|2022|
|||2|0||6|2|
|FIXEDASSETS|||||||
|Tangible assets|11|4,270,003|4422 108||4,262A03|4,422100|
|Inlangihs assets|12|I8X00||20.620|48200|20,620|
|Inusslrrrenls|13||||200|200|
|Total Fixed Asseh||rL200A03|4,44!5700||rL200/03||
|CURRENTASSETS|||||||
|Stocks|14|2,773||2,000|||
|Demms|16|442,240|Irr,srd||0oo.toe|26t,135|
|Cash st bank and In hand|||||||
|Total Current Assets||1,442A73|1,002053||44130.203|f,dch 007|
|CREDITORS|||||||
|Amourm
raging dus within one year|10||||||
|NET CURRENT ASSETS|||||||
|TOTAL AS8ET8 LESSCURRENT LIAGIUTIE8||||||6440240|
|TOTAL NETA88ETS|||||||
|Umsslrlcled
Funds|19|2,092,706|2203070||2,002,706|2203,070|
|Resbictsd Funds|19||||||
##
##
||||||||Group|Group|Charity|Chsrby|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|2023|2022|
||||||||8|2||4|
|Cash aows from operating|activrTres||||||||||
|Net cash provided
by (used|in) operagng||activities||||||||
|Cash aows from lax credas:|||||||||||
|Theatre tax cmdit received|||||||||||
|Cash flows from Investing|acavltles:||||||||||
|Bank Interest|||||||1.723|132|1,723|t32|
|Purchase ofproperly
plant end equipment|||||||(35,638)|(27,508)|(26A61)|(27,508)|
|Websits|||||||||||
|Net cash (used in) invesgng|activities||||||||||
|Change in cash end cash equivalents||in the||year|||(404dt43)|124,575|(458,774)|50,861|
|Cash and cash equivalents|atthe start|ofthe||year|||1401728|||1254,071|
|Cash and cash equivalents|atthe end|of|the|year||||||1304 032|
|Recancigstlon ofnel Incomei(expenditure)||||lo net cashaow from|opsrallrlg|activities|||||
|Net (expenditure)
per the SoFA|||||||(295,924)|(152187)|(295,924)|(152187I|
|Adjuslmenls
for.|||||||||||
|Depreciation
charges|||||||187,823|185,415|185.966|redone|
|Amorlisation
charges|||||||8,320|8,320|8,329|8,320|
|Dividend* and interest from|investmeras||||||(1,723)|(132)|(1,723)|(131)|
|(Increase)/decmase
in stocks|||||||78|(402)||2,387|
|(Increase)/decrease
in debtors|||||||(264,741)|(23,934)|(338871)|(01,878)|
|Increase/(decrease)
In credilom||||||||||134195|
|Net cash provided
by (used|in) operating||acgvides||||||||
|Analysis ofcash snd cash|equivalents||||||||||
|Cash In hand|||||||987385|1,401,728|036,150|1,304,932|
|Total cash and cash equivalents||||||||||1,304,932|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2|DONATIONS||||||||
|---|---|---|---|---|---|---|---|---|
|||||2023|||2022||
|||Vnrestrtcted||Restrtcted|Tclal|Unrestrtcted|Restricted|Total|
|||2||2|5|5|K|2|
||Cont grmrfs||||||||
||Arts Council England - NPO|615,162|||615,182|615,182||6t5,182|
||ACE - emergency
funding||||||||
||ACE-CRF1||||||||
||ACE-CRF2||||||87,099|87,BI9|
||ACE-CRF3||||||135,000|13$,000|
||Cumbria
Counly Council||1D,DDD||10,060|25,000||25,000|
||Agerdale BC —ocvid support grants|||||40,000|||
||HMRC -CJRS (furlough)||||||||
||Other gmnts||2,50D|29,511|32,011|5,500||5,500|
||Dolmtams||||||||
||Friends ofTheake by the Lake||5,50D||5A00|29,432|12000|41,432|
||Other donations
(incl Gih Aid)||76,366||7$,365|93,053|22000|115053|
||Lsgeces||||262.749||||
|3|INCOME FROM CHARITABLE AcllVITIES||||||||
||Theatre Pertbrmancss|1,199,756|||1,199,756|395,9$5|||
||Education
&Par5cipation||||||||
||The movement
in deferred
box oflice income|is shown|in note|19.|||||
|4|INCOME FROM OTHER TRADING ACllymES||||||||
|||||2023|||2022||
|||unmstrlcted||Restrloled|Total|Unrestricted|Resuicted|Total|
|||||K||2|2|5|
||Fwrdreislrrg||||||||
||Business partnershlps||||||||
||Equlpmenl
8 costume hits stc||||||||
||Room hires||11,127||||||
||Total fundralsing
actlvlgss||||||||
||Trading subsidimy||||||||
||Turnover
&other income||||223100|150,705||160,705|
||Total subsidiary
activises|||||||150705|
||Total income from other activities||||234,227|158,705||156705|
|5|INVESll5ENT INCOME||||||||
|||||||2023||2022|
|||||||K|||
||Bank interest received|||||1,723||132|
|||||||1,723|||
##
##
##
|||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrastrlmed||Restrichd|Tourt|Unrestricted|Reetrialed|Total|
|||||2||2||2|5|5|
|Generedng
dananons 6gnmts|||||||||||
|Direct casts||||||||840||840|
|Support cosh||||6,688|||6,606|5,313||5,313|
|Governance costs|||||332|||302||302|
|Charged to restricted|funds||||||||||
|||||7,020|||||||
|Fundraising|||||||||||
|Direct costs|||||259||209|||0,204|
|Support costs||||6,688|||6,068|5,313||5,313|
|Governance costs|||||332|||302||302|
|Charged to restricted|funds||||||||||
|||||||||||11810|
|Tredirrg srrbsidlsflr|||||||||||
|Direct costs||||22,341|||22,341|2823||2823|
|Support coals||||||||||77774|
|Tolal subsidiary
ac5vities|||||||87198|eo597||8 697|
|COSTSOF CHARITABLE ACTIVITIES|||||||||||
|Costs oftheatns|aperefkrns||end||||||||
|perfrwnmrces
grrcludlrrg||tourlngf|||||||||
|||||||2023|||2022||
|||||Unrestricted||Restricted|Total|Unrestricted|Restrlated|Tahl|
|||||2||2|2|5|5||
|In*ouse productions:|actors|||267,052|||267,052|89,330||89,330|
|Introuse
productions:|creagve|||445,255|||446255|252,529||252,529|
|Other direct costs||||1,249,270|||1,249,270|646,111||046,111|
|Incoming work: direct|souls||||||||||
|Boxofliae snd house|management||||||||||
|Marketing end publicity||||140,486|||140,408|55,148||55,148|
|Suppori costs||||745,785|||746,705|616,601||616,691|
|Governance assis||||31,199|||31,199|28,390||28,390|
|Charged to rsseicted|funds||||||||740,986||
|||||||||047,213|740,986||
|Educaiion and|parricipariarr||||||||||
|Direct costs||||30,722|||30,722|18,820||18,820|
|Support costs||||27,674|||27,574|23,302||23,302|
|Governance
costs||||1,328|||1,328|1,208||1,205|
|Charged to restricte|funds||||||||||
##
##
##
|SUPPORT AND|GOVERN|ANCE|COSTS|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||202$|||2022||
||||General Support||Governance|Total|General Support|Governance|Total|
|||||2||2|8|8|2|
|Salaries and related costs||||176,967|12,316|1th,283|152500|11,040|164,748|
|Direct governance|coals|||||||||
|Pmmi!!ss||||302,862|2,587|305rtsg|108,014|1,525|200,139|
|General oflice||||129,828|1,145|130.973|140,471|1,142|141,513|
|Financial||||21,110|16,172|$7402|15,005|14,017|30,582|
|Consultancy
and|development|||28,609||20.609|27,773||27,773|
|Deprecladon||||193314|971||102771||103740|
|||||eeg,ego||||||
|Apporfioned as:||||||||||
|Generating
grants|and donations|||6,688|332|7,020|5,313|302|5,815|
|Tneabe pedormances||||746,785|31,199|777,984|616,691|28,300|645,051|
|Participation
and|outreach|||27,674|1,328|29,002|23,302|1,208|24,510|
|Fundraislng
aNvibes||||6,688|332|7,020|5,313|302|5,615|
|Trading
subsidiary||||6*855|||77.774||77774|
|Analysis ofgovemanse costs||||||||202$|2022|
|||||||||8|2|
|External
aurlit||||||||15,975|14,484|
|Cosh ofTrustee msebngs,||travel,|administrabon|etc.||||||
|Apporfionment
of|staff costs|||||||10,527|10,405|
##
##
##
##
##
##
##
##
##
|TANGIBLE Fik|gp ASBETB||||||||
|---|---|---|---|---|---|---|---|---|
|||Long Leasehold||||Ogice|||
|||Lend 8|Fhrtlrfes|8|Theatre|Equipment|||
||Gmup|Buildings|Frltln9s||Equtpment|8Software|Tolal||
|Cost||8|8||5|6|8||
|As at 1 April 2022||6,778,620|5$,665||826,807|207,636|8,381,728||
|Additions||||13,628|S,498|16,S14||35,638|
|Dispossis|||||||||
|As at 31March|2023|6,778,620|||||||
|Depreciation|||||||||
|As at 1 April 2022||2,492,507|494,506||787,709|184,818|3,959,540||
|Provided||134,581||23,511|18,204|11,528||187,823|
|Dispossls|||||||||
|As st 31 March|2023||||||||
|Net Bookvalue|||||||||
|AS al 31 March|2023||||||||
|As at I April 2022|||||||4.422 188||
|||Long Leasehold||||Oglce|||
|||Land 6|Fixtures|8|Theatre|Equipment|||
||Charity|Bugdlngs|Fittings||Equipment|8 Sogwars|Total||
|Cost||8|6||8|6|6||
|As at I April 2022||6,778,620|568,665||826,807|207,636|8,381,728||
|Addltlorls||||4,351|5,496|16,514||26,361|
|Disposnls|||||||||
|As at 31March 2023||6778620|497776||801460|215404|8293260||
|Depreciation|||||||||
|As st I April 2022||2,492,507|494,506||787,709|184,818|3,959,540||
|Prouded||134,581||21,656|18,204|11,526||185,966|
|Disposals|||||||||
|As st 31 March 2023|||440 922||775 070|187,598|4|030677|
|Net BookValue|||||||||
|Asst31 March 2023|||||26,390||||
|As at I April 2022|||||39098|22819|4|422 188|
##
##
||||||||Gmlrp|Group|Charity|Charity||
|---|---|---|---|---|---|---|---|---|---|---|---|
|14|STOCKS||||||2023
f|2022
f|202$f|2022f||
||Consumable
items|||||||||||
||||||||2,773|2850||||
|15|DEBTORS|||||||||||
||Trade dsblors||||||54,846|3f,134|17,547||2,319|
||VAT rsfurd due|||||||17,666|2ratI||17,534|
||otlwr debmrs||||||8,112|50,519|8,047||50,619|
||Inter-company
balances||||||||194,983|I|12,007|
||Theatre tax credit recoverable||||||255A75|42210|255,275||42 219|
||Prepaymenls|||||||||||
||||||||442215|||||
|16|CREDITORSr amounts||falling due within one year|||||||||
||Trade credltom||||||US.S8O|01,214|114,738||64,921|
||Taxation and social secudty||||||24,802|13,954|21,264||13,084|
||Deferred
income - advance bookings|||||17|259,298|190,240|259206|100,240||
||Customer credits||||||7$,429|104,229|73A29|IIM,229||
||Third parly resources|||||18||73,100|||73,160|
||Other cmditors||||||1$,976|22363|13,978||22363|
||Accruals||||||||||70,630|
|17|MOVEMENTS
IN DEFERRED INCOME|||||||||||
||||||||||2023|2022||
||||||||||f|5||
||DeFerred income brought||forward||||||190.240|24,611||
||Released
In the year||||||||(190,240)|(10,402)||
||Deferred
in the year|||||||||||
||Deferred income carried||forward|||||||100,240||
|18|THIRD PARTY RESODRCES||||||||2023|2022||
||||||||||f|4||
||Balance brought forward||||||||73,188|47,376||
||Receipts in the year||||||||11,012|71,434||
||Withheld
for theatre|hire|and other charges|||||||||
||Forwarded
to hiring organisationa|||or refunded|to lhsir customers|||||||
||Balance carded fonvard|||||||||||
||SP,|SP,||Wl g
SNf5|Wl g
SNf5|CC
0|||||||||0|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||0|||CC||||||||||||||
|||||0|Cl|||||||||||||
|||W||||||||||||||||
||||||N|||||||||||||
|||I||||||||||||||||
|0
IC||||||||||||||||||
|cr||||||||||||||||||
|8||||||||||||||||||
|CC||||||||||||||||||
|||I||||||||CV|Cf|CC|j=f
Ã||0
CC|C||
|||'R|w|||||||||||||N||
|||||||CC||||||||||||
|||||||0C|||||||rCt|||||
|||||W||W||||||||||||
|||||||I||||||||||||
|||||I||r|||||||||||r|
|||||N||N|||||||||||N|
|N
0
Cl
CC
0 0
ggE0||||0
0|0
0|0
N0
N|0
N||0
Cl|p
N|O
0
N
N|O
0
N||||||
|||||0|Cl|||||||||||r||
|||W||0
O|O
Cr|||||||||||CI||
|NN||||||||||||||||||
|N
I0|||||||0|0
O0||O
CO||||0
O
0|0
O|||
||||||||IW
00|N||N||||uj|e|||
|||||CI
N||IW
CCI|||||||||||Wl|
|||E
g
0|WI|N||N|CV||||N
N|N|||||CW|
##
##
##
##
##
##
##
##
##
##
|27|Parent charity
~ Statement ofFinancial Aelivhies|Parent charity
~ Statement ofFinancial Aelivhies|Parent charity
~ Statement ofFinancial Aelivhies|Parent charity
~ Statement ofFinancial Aelivhies|Parent charity
~ Statement ofFinancial Aelivhies|Parent charity
~ Statement ofFinancial Aelivhies|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Llnwstdcmd|Restrieled|Total|Total||
|||||||||Funds|Funds|2023|2022||
|||||||||6|6|6|E||
||Total incoming
resources|||||||2,628,637|29,511|2,658,148|f,597,622||
||Total resources expended||||||||||1|T49809|
||Net (expenditure)
Iincome forthe||||year||||||||
||before trarefers||||||||||||
|20|Subsidiary
undertaking||-commercial|||and trading aotlvlgss|||||||
||A summary
ofthe resuhs||and closing balances ofthe subsidiary,||||TBTL|Services Ltd, is shown below.|||||
||||||||||||2022||
||||||||||2||E||
||Turnover||||||||223,100|||150,705|
||Intercompany
adjustmenls||||||||||||
||AOTMties for generating|funds:||trading operadons|||||223,100|||150,T05|
||Cost ofsales|||||||22,341||2823|||
||Administration
&premises||expenses|||||w&855||77,774|||
||Management
charge||||||||||||
||Cost oftrading operations|||||||||||60,697|
||||||||||135,904|||70,107|
||Other Income|||||||||||1a523|
||Net prott reported
In consolidated||||accounm||||135,904|||80,630|
||Add back intercompany|sdjustmenls|||||||||||
||Net prolit for the year reported|||by TBTL||Services Ltd|||135,904|||80,030|
||Gst Aid||||||||||||
||Retained
In the subsidiary||||||||||||
||As atIhs balance sheet|date, the assets||||snd liabilities ofthe subsidiary||warn:|||||
||Non cunent assets||||||||7,422||||
||Current assets||||||||203,501|||128,593|
||Creditors: amounts due|within||one|year||||||||
||Represented
by.||||||||||||
||Aggrsgam
share capital|end reserves|||||||100||||
||Pmfit and Loss Account||||||||||||
||||||||||100||||
##
##
||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||||0||E|
|Turrlovsr||||||||||
|Intercompany
adjustments||||||||||
|Activities for generafrng|funds: irading opemfrons|||||||||
|Cost ofsales||||||||||
|Intercompany
adjustments||||||||||
|Administration 0premises expenses||||||||||
|Cost oftrading operations||||||||||
|Net loss reported
in consolidated|||accourds|||||||
|Add back intercompany|adjustments|||||||||
|Nst loss for the year reponed||by Theatre||by lhe Lake Produckons|Ltd|||||
|Tax Claim||||||||||
|Retained
in the subsidiary||||||||||
|As at the balance sheet|date,|Ihe|assets|and liabilisss ofthe subsidiary||wsmr||||
|Current assets||||||||100||
|Creditors
amounts due|within|one year||||||||
|Represented
by:||||||||||
|Aggregate
share capital|and reserves|||||||100||
|Theatm lsx credit:||||||||||
|TTR daimable||||||||||
|Deferred tax asset movement||||||||||
|Credit in accounts||||||||||
##
##
|||||At 31Mech 2022|Funds designated|At 31March 2023|
|---|---|---|---|---|---|---|
|Designated funds:|||||||
|Cultural
Recovery Fund|(1)|||2,527|(2,527)||
|Expenditure
committed|in 21/22, completed||in 22/23|25,686|(25,686)||
|Works planned
In 21/22, oommissioned||in|22/23|120,365|(120,365)||
|Strategic Ini0atives and|con0ngency|||145,000|(146,000)||
|Participation|||||~~275 870||