2022-03-31-accounts - Northern Stage (Theatrical Productions) Limited

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Contents					Pages
Trustees Report (Including			Directors Strategic Report)		1 —15
Auditors' Report					16-19
Statement of	Financial	Activities			20
Comparative	Statement	of	Financial Activities		21
Balance Sheet					22
Cash Flow Statement					23
Notes to the	Financial	Statements			24- 38
The following	pages do not		form part ofthe statutory	financial
statements
Management	Information				39-45

Reference	and Adminis	and Adminis	and Adminis	and Adminis	trative De	tails	tails
Registered	Charitable				Company	Northern Stage (Theatrical		Productions)			Limited
Directors						S Elliott (Chair)				V	Kumar
						C Penn				J	Levick
						Prof. JSanders				C	Thomas
						L Collier				D	Treseder
						K M Proudfoot (Retired Dec			2021)	A	Killey
						TR Smith				R	Boggie (Joined Dec2021)
						N Blagburn				A	Mann	(Joined Dec 2021)
						A Bonner				S	Iqbal (Joined Dec 2021)
Key Management				Personnel		The board consider the following to be Key Management Personnel ofthe charity and have delegated the day-to-day
						management responsibilities:
						Joint Chief Executive	8 Artistic Director				—Natalie		Ibu
						Joint Chief Executive	8, Executive Director-					Kate Denby
						Director ofCommunications			&Sales	—Amy Fawdington
						Director of Finance —Helen			Graham
						Director of Participation —Jill Adamson
						Head ofTechnical and Production —Chris Durant
						Head of Commercial	and Operations			—Peter		Robson
Secretary						H Graham
Registered		Number				02187213
Charity	Number					700055
Business		Address				Northern Stage
&Registered			Office			Barras Bridge
						Newcastle upon Tyne
						NE1 7RH
Auditor						Azets Audit Services,
						Chartered Accountants and			Statutory	Auditor,
						Bulman House
						Regent Centre
						Newcastle upon Tyne
						NE3 3LS
Bankers						Natwest Bank Pic
						16Northumberland Street
						Newcastle upon Tyne
						NE1 7EL

			Unrestricted	Restricted	Total Funds	Total Funds
		Notes	Funds	Funds	2022	2021
			E	8	8	F
INCOME
Donations and grants Chadtable activities Other income		3 4 5	44,705 2,302,068 356,533	75,472 111,713 195,000	120,177 2,413,781 551,533	517,296 1,947,420 826,263
TOTAL INCOME			2,703,306	382,185	3,085,491	3,290,979
EXPENDITURE
Charitable activities		6	2,680,579	835,905	3,516,484	2,498,530
TOTAL EXPENDITURE			2,680,579	835,905	3,516,484	2,498,530
Net movement in before transfers	funds		22,727	(453,720)	(430,993)	792,449
Transfers between	funds	7	313,640	(313,640)
Net movement in	funds		336,367	(767,360)	(430,993)	792,449
Total funds brought	forward		766,299	4,489,362	5,255,661	4,463,212
Total funds carried	forward		1,102,666	3,722, 002	4,824,668	5,255,661

Comparative Sta	tement o	fFinancia	l Activity for	the year ended	31u Sllarch 20	1
			Unresbi cted	Restricted	Total Funds	Total Funds
		Notes	Funds	Funds f	2021 f	2020 f
INCOME
Donations and grants Charitable activities		3 4	76,573 1,777, 614	440,723 169,806	517,296 1,947 420	200,557 3,191,787
Otherincome		5	432,704	393,559	826,263
TOTAL INCOME			2,286,891	1,004,088	3,290,979	3,392,344
EXPENDITURE
Charitable activities		6	2,127,062	371,468	2,498,530	3,780,098
TOTAL EXPENDITURE			2,127,062	371,468	2,498, 530	3,780,098
Net movement in before transfem	funds		159,829	632,620	792,449	(387,754)
Transfers between	funds	7	304,240	(304,240)
Net movement in	funds		464,069	328,380	792,449	(387,754)
Total funds brought	forward		302,230	4,160,982	4,463,212	4,850, 966
Total funds camed	forward		766,299	4,489,362	5,255, 6S1	4,463,212

						2022	2021
							6
Cash flows from operating	activities
Net income/(expenditure)						(430,993)	792,449
Adjustments for. Depreciation oftangible fixed assets Loss on disposal offixed assets						348,122 8,391	350,218 102
Changesin: Stocks Trade and other debtors Trade and other creditors						(3,018) (293,575) 261,651	5,500 22,761 (114,045)
Cash generated from operations						(109,422)	1,056,985
Net cash from/(used in) operating			activities			(109,422)	1,056,985
Cash flows from investing	activities
Purchase oftangible assets Disposal oftangible assets						(93,330)	(83,385) 250
Net cash from/(used in) investing		activities				(93,330)	(83,135)
Net increase/(decrease) in Cash and cash equivalents	cash and cash at beginning			equivalents ofyear		(202,752) 1,159,472	973,850 185,622
Cash and cash equivalents	at	end ofyear				956,720	1,159,472
Analysis ofchanges in net	debt				1 Apr 2021	Cash flows	31 Mar 2022
					6	F	F
Cash and cash equivalents					1,159,472	(202,752)	956,720
Borrowings
Total					1,159,472	(202,752)	956,720

VOLUNTARY INCOME	VOLUNTARY INCOME	Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		6	6	6
Donations and Grants Newcastle City Council Corporate Donations Individual Giving Trusts and Foundations		25,000 14,616 5,089	7,502 67,970	7,502 25,000 14,616 73,059
		44,705	75,472	120,177
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		6	6	6
Donations	and Grants
Newcastle City Council Corporate Donations Individual GiVing Trusts and Foundations		10,000 12,750 28,823 25,000	440,723	10,000 12,750 28,823 465,723
		76,573	440,723	517,296

		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2022	2021
		6	5
Grants Earned	(see below) income	1,628,246 673,822	111,713	1,739,959 673,822	1,843,052 104,368
		2,302,068	111,713	2,413,781	1,947,420

4.	INCOME FROM	C	HARITABLE	ACTIVITIES (con	tinued)
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2022	2021
				6	6		6
	Grant Income Arts Council - NPO Funding Newcastle University			1,591,246		1,591,246	1,591,246 50,000
	Newcastle Culture		Investment
	Fund			37,000		37,000	32,000
	London Marathon		Trust				1,000
	National Lottery Grant	Development			23,333	23,333	49,940
	National Lottery Covid Response Fund HAF (Street Games) NCC Youth Fund				83,230 5,150	83,230 5,150	84,775 34,091
				1,628,246	111,713	1,739,959	1,843,052
5.	OTHER INCOME			Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2022	2021
				6	6	E
	Coronavirus Job	Retention		49,533		49,533	432,704
	Scheme
	Culture Recovery Round 1		Fund				393,559
	Round 2				195,000	195,000
	Round 3			307,000		307,000
				356,533	195,000	551,533	826,263

				Other
		Staff Costs f	Depreciation f	Costs F	Tote I 2022 f
Fundraising costs Promotion ofdramatic Support costs Governance costs	arts	11,783 913,288 227,054 25,228	348,122	18,273 1,886,572 73,191 12,973	30,056 3,147,982 300,245 38,201
		1,177,353	348,122	1,991,009	3,516,484
				Other
		Staff Costs f	Depreciation f	Costs f	Tots I 2021 f
Fundraising costs Promotion ofdramatic Support costs Governance costs	arts	45,718 1 021 798 154,525 17,170	350,218	15,002 830,475 53,151 10,473	60,720 2,202,491 207,676 27,643
		1,239,211	350,218	909,101	2,498,530

ricted expenditure on Charitable Actigties was F835,905	(2021: f371,468)
Other costs are made up as follows:	2022 F	2021f
Production/presentation Marketing Operational Theatre Workshop	1,183,211 289,659 106,189 351,089 60,861	398,596 79,678 80,500 300,887 49,440
	1,991,009	909,101

INFORMATION ON DIRECTORS AND EMPLOY	EES
	2022 F	2021f
Staff costs
Gross salaries Pension costs	1,079,882 18,428	1,143,154 22, 162
Social security costs	79,043	73,895
	1,177,353	1,239,211

NET MOVEMENT IN FUNDS
	2022f	2021f
Net movement in funds is stated aRer charging: Auditors remuneration Depreciation Loss on disposal offixed assets	6,000 348,122 8,391	6,000 350,218 102
Operating lease rentals: Land, buildings and equipment	78,000	78,000

'TANGIBLE FIXEDASS	ETS
	Leasehold Improve- ments	Fixtures anti Fittings	Plant and Equipment	Computer Equipment	Motor Vehicles	Tote I
	E
Cost
As at 1 April 2021 Additions	8,174,573 4,792	682,926 53,947	646,404 26,298	98,249 8,293		9,602, 152 93,330
Disposals	(12,585)					(12,585)
As at 31 March 2022	8,166,780	736,873	672,702	106,542		9,682,897
Depreciation
As at 1 April 2021 Charge for year Disposals	4,288,415 299,319 (4, 194)	657,761 19,665	566,765 20,874	84,471 8,264		5597 412 348,122 (4,194)
As at 31 March 2022	4,583,540	677,426	587,639	92,735		5,941,340
Net Book Value
As at 31 March 2022	3,583,240	59,447	85,063	13,807		3,741,557
As at 31 March 2021	3,886, 158	25,165	79,639	13,778		4,004,740

FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS
		2022	2021
		F	E
Investment in subsidiary Northern Stage Enterprises	undertaking Limited	100	100
Ordinanj shares ofF1 each	(100% held)

			2022	2021
			E	E
Stocks and Costumes,	work in materials	progress comprise: and merchandise	9,288	6,270
Productions	in progress
			9,288	6,270
DEBTORS			2022	2021
			8	E
Trade debtors			215,090	14,248
VAT			22,531	65,711
Prepayments Accrued income Other debtors			125,611 139,698 120,498	81,825 62,254 105,815
			623,428	329,853

CREDITORS: A	mounts	falling due within one year
			2022	2021
			E	F
Trade creditors			107,832	134,307
Taxation and social security Accruals Deferred income (see below) Other creditors			21,044 90,060 148,823 138,666	17,978 40,195 5,699 46,595
			506,425	244,774
			2022	2021
			6	8
Deferred income Deferred income brought forward Released in the year Income defamed in the year			5,699 (2,493) 145,617	32,649 (27,318) 368
Deferred income	carried	forward	148,823	5,699

RESTRICTED FUNDS
	1 April 2021	Incoming	Outgoing (including tran sfe rs) f	31 March 2022
Capital Programme Catherine Cookson Capital donations Foyle Foundation Hedley Denton Fidelity UK Wolfson Foundation Trust House Foundation Bond Dickinson	3,639,483 18,038 360 57,716 360 28,858 36,072 18,038 36,072		(279,960) (1,387) (28) (4,440) (28) (2,220) (2,775) (1,387) (2,775)	3,359,523 16,651 332 53,276 332 26,638 33,297 16,651 33,297
The Shears Foundation Backstage Trust Ballinger BBCChildren in Need	10,000 16,392 12,000 7,000		(10,000) (12,000) (7,000)	16,392
Community Foundation Soul Food Community Foundation Cultural Encounters Community Foundation Creative Futures 2021 Culture Recovery Fund (Round 1) Esmbe Fairbairn - NORTH	7,350 9,903 2,000 212,586 30,000	1,720	(7,350) (753) (3,720) (133,071) (30,000)	9,150 79,515
Garfield Weston -Weston Culture Fund National Lottery Development Grant (20/21) Community Foundation European Theatre Culture Recovery Fund (Round 2) Esmee Fairbaim - Reinvent	320,000 27,134	1,000 195,000 44,250	(320,000) (22,597) (195,000) (5,500)	4,537 1,000 38,750
HAF (Streetgames) Joseph Strong Frazer National Lottery Development Grant (21/22) Newcastle City Council - Youth Fund Newcastle City Council -BEST Theatre Trust		83,230 1,000 23,333 5,150 7,502 20,000	(83,230) (1,000) (16,450) (1,374) (1,500) (4,000)	6,883 3,776 6,002 16,000
	4,489,362	382,185	(1,149,545)	3,722,002

ANALYSIS	OF ASSETS
		Fixed	Net Current	Total 2022
		Assets	Assets
			6
Restricted Funds Capital Programme Restricted income funds		3,539,997 101,517	80,488	3,539,997 182,005
Designated	Funds		500,000	500,000
Unrestricted	Funds	100,143	502,523	602,666
		3,741,657	1,083,011	4,824,668
		Fixed	Net Current	Tots I 2021
		Assets	Assets
		6	6
Restricted Funds Capital Programme Restricted income funds		3,834,997 64,894	589,471	3,834,997 654,365
Designated	Funds		346,200	346,200
Unrestricted	Funds	104,949	315,150	420,099
		4, 004,840	1,250,821	5,255,661

leases as
		Tots I 2022	Tots I 2021
	Buildings F		f
Operating leases which expire: Within one year Within 2-5 years Over 5years	63,000 192,000 364,000	63,000 192,000 364,000	78,000 207,000 412,000
	619,000	619,000	697,000