##
##
##
|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||2023|||2022||
|---|---|---|---|---|---|---|---|---|
|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3.|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|
##
##
|6.|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|
##
##
##