2023-03-31-accounts - Northern Stage (Theatrical Productions) Limited

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Contents						Pages
Trustees Report (Including			Directors	Strategic Report)		1 —15
Auditors' Report						16-19
Consolidated	Statement	of	Financial	Activities		20
Comparative	Consolidated		Statement	of Financial Activities		21
Consolidated	Statement	of	Financial	Position		22
Statement of	Financial PosiTion					23
Consalidated	Cash Flaw	Statement				24
Notes tothe	Consolidated		Financial Statements			25-42
The following	pages do not		form part	ofthe statutory	financial
statements
Management	Information					43 —49

Registered	Charitable	Charitable	Company Northern Stage (Theatrical	Company Northern Stage (Theatrical	Company Northern Stage (Theatrical	Company Northern Stage (Theatrical	Productions)		Limited
Directors			RE Boggie				V Kumar
			A Bonner				J Levick
			N Blagburn				A Mann (Resigned				Oct 2022)
			L Collier (Retired Sep 2022)				CSPenn
			S Elliott (Chair)				J Robinson		(Appointed			Dec 2022)
			M S Iqbal				TR Smith
			A Killey				D Treseder
			Prof. J Sanders (Retired Dec2022)				C RThomas
Trustees			The Directors
Key Management			The board consider the		following to be Key Management						Personnel ofthe
Personnel			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 ofDevelopment		&Strategic		Partnerships		—Zoe Hull (Joined Sep
			2022)
			Director of Finance —Helen			Graham
			Director ofParticipation		—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
			16 Northumberland Street
			Newcastle upon Tyne
			NE1 7EL
					Page 4

			Unrestricted	Restricted	Total Funds	Total Funds
		Notes	Funds	Funds	2023	2022
			E	E	E	E
INCOME
Donations and grants		3	62,374	9,550	71,924	120,177
Charitable activities		4	2,940,270	63,775	3,004,045	2,413,781
Other income		5				551,533
TOTAL INCOME			3,002,644	73,325	3,075,969	3,085,491
EXPENDITURE
Charitable activities		6	3,668,373	135,123	3,803,496	3,516,484
TOTAL EXPENDITURE			3,668,373	135,123	3,803,496	3,516,484
Net movement in	funds
before transfers			(665,729)	(61,798)	(727,527)	(430,993)
Transfers between	funds	7	313,640	(313,640)
Net movement in	funds		(352,089)	(375,438)	(727,527)	(430,993)
Total funds brought	forward		1,102,666	3,722,002	4,824,668	5,255,661
Total funds carried	forward		750,577	3,346,564	4,097,141	4,824,668

Comparative State	ment ofFi	nancial Ac	tivity for the yea	r ended 31M lyi	arch 2022
			Unrestricted	Restricted	Total Funds
		Notes	Funds	Funds	2022
INCONIE
Donations and grants		3	44,705	75,472	120,177
Charitable activities		4	2,302,068	111,713	2,413,781
Otherincome		5	356,533	195,000	551,533
TOTAL INCOME			2,703,306	382,185	3,085,491
EXPENDITURE
Charitable activiti es		6	2,680,579	835,905	3,516,484
TOTAL EXPENDITURE			2,680,579	835,905	3,516,484
Net movementin	funds
before transfers			22,727	(453,720)	(430,993)
Transfers beIMeen	funds	7	313,640	(313,640)
Net movementin	funds		336,367	(767,360)	(430,993)
Total funds brought	forvierd		766,299	4,489,362	5,255,661
Total funds carried	formerd		1,102,666	3,722,002	4,824,668

		Notes
FIXEDASSETS
Tangible assets		11		3,455,083		3,741,557
Investments		12
				3,455,083		3,741,557
CURRENTASSETS
Stocks and work in progress		13	15,869		9,288
Debtors		14	561,902		623,428
Cash at bank and in hand			458,982		956,720
			1,036,753		1,589,436
CREDITORS: Amounts	falling
due within one year		15	394,695		506,325
				642,058		1,083,111
TOTAL ASSETS LESS	CURRENT			4,097,141		4,824,668
LIABILITIES
FUNDS
Unrestricted and designated		17		750,577		1,102,666
Restricted		16		3,346,564		3,722,002
				4,097,141		4,824,668

					2023	2022
						E
Cash flows from operating	activities
Net income/(expenditure)					(727,527)	(430,993)
Adjustments for:
Depreciation oftangible fixed	assets				352,680	348,122
Loss on disposal offixed assets						8,391
Changesin:
Stoclol					(6,581)	(3,018)
Trade and other debtors					61,526	(293,575)
Trade and other creditors					(111,630)	261,651
Cash generated from operabons					(431,532)	(109,422)
Net cash from/(used in) operating		activities			(431,532)	(109,422)
Cash flows from investing	activities
Purchase oftangible assets					(66,206)	(93,330)
Disposal oftangible assets
Net cash from/(used in) investing		activities			(66,206)	(93,330)
Net increasei(decrease) in	cash and cash equivalents				(497,738)	(202,752)
Cash and cash equivalents	at beginning		ofyear		956,720	1,159,472
Cash and cash equivalents	at end ofyear				458,982	956,720
Analysis ofchanges in net	debt
			1	Apr 2022	Cash flows	31Mar 2023
						R
Cash and cash equivalents				956,720	(497,738)	458,982
Borrowing s
Total				956,720	(497,738)	458,982

VOLUNTARY INCOME	VOLUNTARY INCOME
			Unrestricted	Restricted	Total Funds
			Funds f	Funds	2023f
Donations	and Grants
North ofTyne Combined		Authority	43,593		43,593
Corporate	Donations		2,900		2,900
Individual	Giving		13,881		13,881
Trusts and Foundations			2,000	9,550	11,550
			62,374	9,550	71,924
			Unrestricted	Restricted	Total Funds
			Funds f.	Fundsf	2022f
Donations	and Grants
Newcastle	Ciiy Council			7,502	7,502
Corporate	Donations		25,000		25,000
Individual	Giving		14,616		14,616
Trusts and Foundations			5,089	67,970	73,059
			44,705	75,472	120,177

		Unrestricted	Restricted	Totai Funds	Total Funds
		Fundsf	Funds f	2023	2022 f
Grants	(see below)	1,665,746	63,775	1,729,521	1,739,959
Earned	income	1,274,524		1,274,524	673,822
		2,940,270	63,775	3,004,045	2,413,781

			Unrestricted	Unrestricted	Restricted	Total Funds	Total Funds
			Funds		Funds	2023	2022
			E		8		K
Grant Income
Arts Council —NPO	Funding		1,591,246			1,591,246	1,591,246
Newcastle University			50,000			50,000
Newcastle Culture	investment
Fund			20,000			20,000	37,000
National Lottery Development
Grant							23,333
HAF (Street Games)					30,845	30,845	83,230
Newcastle City Council		—Youth
Fund					15,450	15,450	5,150
Newcastle City Council—
Winter Wellbeing				500		500
Northurnbria Police					17,480	17,480
Regional Theatre Young
Director's Scheme			4,000			4,000
			1,665,746		63,775	1,729,521	1,739,959

		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2023	2022
		E		8	K
Coronavirus	Job Retention				49,533
Scheme
Cuiture Recovery Fund
Round 2					195,000
Round 3					307,000
					551,533

CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES	EXPENDITURE
			Staff Costs	Depreciation	Other Costs	Total 2023
			K	K	K
Fundraising	costs		26,351		7,634	33,985
Promofion	ofdramatic	arts	1,121,659	352,680	1,931,019	3,405,358
Support costs			229,429		64,797	294,226
Governance	costs		25,492		44,435	69,927
			1,402,931	352,680	2,047,885	3,803,496
			Staff Costs	Depreciation	Other Costs	Total 2022
			K		K
Fundraising	costs		11,783		18,273	30,056
Promofion	ofdramatic	arts	913,288	348,122	1,886,572	3,147,982
Support costs			227,054		73,191	300,245
Governance	costs		25,228		12,973	38,201
			1,177,353	348,122	1,991,009	3,516,484

	2023	2022
Other costs are made up as follows.	K	E
Production/presentation	1,187,011	1,183,211
Marketing	226,769	289,659
Operational	203,423	106,189
Theatre	384,401	351,089
Workshop	46,281	60,861
	2,047,885	1,991,009

			Governance	Support
			costs	costs	Total	Total
			2023	2023	2023	2022
			6	6
Recruitment				26,918	26,918	5,276
Training				8,747	8,747	30,514
Travel and Subsistence			1,331	3,368	4,699	4,634
Hospitality			598	5,385	5,983	1,119
Bank and Credit Card Charges				3,453	3,453	12,217
Audit and Accountancy		Fees	7,000		7,000	6,000
Legal and Professional		Fees	33,701		33,701	2,938
Contribution	To NGCV		100	900	1,000	1,388
HR Costs			387	3,487	3,874	6,874
Licences and Subscriptions			1,149	10,337	11,486	9,699
Postage			51	462	513	217
Stationery			118	1,062	1,180	3,925
Sundries				678	678	1,363
Core Payroll			25,492	229,429	254,921	252,282
			69,927	294,226	364,153	338,446

INFORMATION ON DIRECTORS AND EMP	LOYEES
	2023	2022
	E	E
Staff costs
Gross salaries	1,282,019	1,079,882
Pension costs	25,385	18,428
Social security costs	95,527	79,043
	1,402,931	1,177,353

				1 April	Received	Released	31March
				2022	in year	in year	2023
				E	E	F	K
Newcastle	Gateshead	Cultural	Venues	19,856	10,200	(2,764)	27,292
				19,856	10,200	(2,764)	27,292

NET MOVEMENT IN FUNDS
	2023	2022
	E	K
Net movement in funds is stated atter charging:
Auditors remuneration equipment	7,000	6,000
Depreciation	352,680	348,122
Loss on disposal offixed assets		8,391
Operating lease rentals:
Land, buildings and	63,000	78,000

FIXEDA	SS	ET INVESTM	E	NTS
								Group		Charity
						2023			2022	2023	2022
							f		f.	f.	f.
Investment		in subsidiary	undertaking
Northern	Stage Enterprises			Limited						100	100
Ordinary	shares off1each			(100%	held)
Northern	Stage Enterprises			Limited	was incorporated		on	13October 2014		and is incorporated and
registered	in England. The		company		is a wholly-owned subsidiary				ofthe charity and started
trading on 1		January 2023.
The profit	for the period of Northern				Stage	Enterprises	Ltd	was f1,996.The		aggregate	amount of
capital and		reserves was E2,096.
STOCKS	AND WORK IN		PROGRESS
								Group		Charity
						2023			2022	2023	2022
							f.		f	f	f
Stocks and		work in progress		comprise:
Costumes,		materials and merchandise					15,869		9,288	185	9,288
Productions		in progress
							15,869		9,288	185	9,288
DEBTORS
								Group		Charity
						2023			2022	2023	2022
									6	6	f
Trade debtors						31,049			215,090	31,049	215,090
VAT						31,599			22,531	31,599	22,531
Prepaym	ents					131,406			125,611	131,406	125,611
Accrued	income					42,371			139,698	68,450	139,698
Other debtors						325,477			120,498	347,421	120,498
						561,902			623,428	609,925	623,428

CREDIT	ORS: A	mounts	falling due within	one year
				Group		Charity
				2023	2022	2023	2022
Trade creditors				111,524	107,832	107,127	107,832
Taxation	and social security			25,982	21,044	25,982	21,044
Accruals				69,328	90,060	68,762	90,060
Deferred	income	(see below)		14,015	148,823	14,015	148,823
Other creditors				173,846	138,566	177,565	138,666
				394695	506 325	BB3,4&i	506425
				Group		Charity
				2023	2022	2023	2022
							E
Deferred	income
Deferred	income	brought	forward	148,823	5,699	148,823	5,699
Released	in the	year		(147,797)	(2,493)	(147,797)	(2,493)
income deferred		in the year		12,989	145,617	12,989	145,617
Deferred	income	carried	forward	14,015	148,823	14,015	148,823

RESTRICTED FUNDS
			1 April 2022	Inconing	Outgoing (including transfers)	31March 2023
					K
Capital Programme			3,359,523		(279,960)	3,079,563
Catherine Cookson			16,651		(1,387)	15,264
Capital donations			332		(28)	304
Foyle Foundation			53,276		(4,440)	48,836
Hedley Denton			332		(28)	304
Fidelity UK			26,638		(2,220)	24,418
Woifson Foundation			33,297		(2,775)	30,522
Trust House Foundation			16,651		(1,387)	15,264
Bond Dickinson			33,297		(2,775)	30,522
Backstage Trust			16,392		(16,182)	210
Community Foundation	Cultural
Encounters			9,150		(9,150)
Culture Recovery Fund	(Round 1)		79,515		(13,140)	66,375
National Lottery Development		Grant
(20/21)			4,537		(4,537)
Community Foundation	European Theatre		1,000			1,000
Esmee Fairbaim - Reinvent			38,750		(38,750)
National Lottery Development		Grant
(21/22)			6,883		(6,883)
Newcastle City Council	- Youth Fund		3,776	15,450	(19,226)
Newcastle City Council	—BEST		6,002		(1,500)	4,502
Theatre Trust			16,000		(4,000)	12,000
Community Foundation	Creative Futures			3,550	(3,550)
HAF (Streetgam es)				30,845	(30,845)
Joseph Strong Frazer				1,000	(1,000)
Northurnbria Police				17,480		17,480
The Shears Foundation				5,000	(5,000)
			3,722,002	73,325	(448,763)	3,346,564

			Balance at		Expenditure	Balance at
			1 April	Income	(including	31 March
Group			2022f		transfers) f	2023
Designated		funds
Capital refurbishment			100,000			100,000
Delayed activity			150,000		(150,000)
Production	fund		250,000		(250,000)
Innovation	fund				40,000	40,000
General funds			602,666	3,002,644	(2,994,733)	610,577
			1,102,666	3,002,644	(3,354,733)	750,577
18.ANALYSIS	OF ASSETS
Group				Fixed Assets f	Net Current Assets f	T I I2023 f
Restricted		Funds
Capital Programme				3,244,997		3,244,997
Restricted		income funds		82,877	18,690	101,567
Designated		Funds			140,000	140,000
Unrestricted		Funds		127,209	483,368	610,577
				3,455,083	642,058	4,097,141
				Fixed Assets	Net Current Assets	Total 2022
				f	f
Restricted		Funds
Capital Programme				3,539,997		3,539,997
Restricted		income funds		101,517	80,488	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