## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|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| |12.|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|set out below:|||| |---|---|---|---|---| ||||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| ## ## ## ## ## ## ##