2021-03-31-accounts

Trustees			Jonathan Lang
			Scott Sherrard
			Susan Smith
			William Jackson
			Susan Hallsworth
			Matthew Runham		(Appointed		1 April 2020)
			Laura Catterall		(Appointed		18October 2021)
Executive	Director and Chief		Rosanne Lamont
Executive
Also known		as	The Maltings
Secretary			Rosanne Lamont
Charity number			701194
Company	number		02332073
Registered		office	The Maltings Theatre		&Cinema
			Eastern Lane
			Berwick upon Tweed
			TD15 1AJ
Independent		examiner	RMT Accountants	& Business Advisors		Ltd
			Gosforth Park Avenue
			Newcastle upon Tyne
			NE12 8EG
Bankers			CAF Bank Limited
			25 Kings Hill Avenue
			West Mailing
			Kent
			ME194JQ
Solicitors			Adam Douglas 8	Son
			49/51 Bridge Street
			Berwick upon Tweed
			TD15 1ES

	Page
Trustees' report	1-8
Independent examiner's report
Group Statement offinancial activities	10—11
Group Balance sheet	12 —13
Charity Balance sheet	14-15
Group Statement ofcash flows	16
Notes to the financial statements	17-38

Jonathan Lang
Janette Casson		MBE			(Resigned 23September 2020)
Scott Sherrard
Graham Brown					(Resigned 23 September 2020)
Charles Euan	Duthie Q.C.				(Resigned 1 April 2021)
Susan Smith
William Jackson
Susan Hallsworth
Matthew Runham					(Appointed 1 April 2020)
Laura Catterall					(Appointed 18October 2021)
The maximum		number	oftrustees	is unlimited.
Staff team as	at 31 March 2021
Programming	and Projects Associate:				Daniel Cox
Duty Manager:					Neil Davidson
Housekeeping:					Januario Espejo
Boxoffice:					Ross Graham
Invigilator:					Sarah Graham
Theatre Manager:					Shona Hammon
Communications		Officer.			Eve Johnstone
Executive Director (CEO):					Rosanne Lamont
Head of Visual		Arts:			James Lowther
Box Office:					Cloudy Manningham
Technical Manager.					James Manningham
Invigilator.					Caitlin Mutch
BoxONce:					Charlotte Payne
Invigilator.					Oliver Payne
Heed of Youth		Drama:			Wendy Payne
Technician:					Kirk Sim
Learning & Education			Manager		Val Tobias

Current financial year
			Unrestricted	Restricted	Total	Total
						as restated
			funds	funds	2021	2020
		Notes	E	E	E	E
Income and endowments	from:
Donations and legacies			867,899		867,899	329,700
Charitable activities			67,602		67,602	442,733
Other trading activities			40,749		40,749	340,473
Investments						42
Other income				45,000	45,000	152,474
Total Income			976,250	45,000	1,021,250	1,265,422
Expenditure on:
Raising funds			35,281	12,090	47,371	101,395
Trading subsidiary			151,488		151,488	255,482
Charitable activities		10	444,675	123,709	568,384	784,479
Other		15	4,350	25,030	29,380	132,245
Total resources expended			635,794	160,829	796,623	1,273,601
Tax credits receivable			11,204		11,204	28,250
Gross transfers between funds		26	(98,061)	98,061
Net income/(expenditure)	for the year/
Net movement in funds			253,599	(17,768)	235,831	20,071
Fund balances at 1 April 2020			51,611	149,011	200,622	180,551
Fund balances at 31 March 2021			305,210	131,243	436,453	200,622

			Unrestricted	Restricted	Total
					as restated
			funds	funds	2020
		Notes	E	E	E
Income and endowments	from:
Donations and legacies			329,700		329,700
Charitable activities			428,983	13,750	442,733
Other trading activities			340,473		340,473
Investments			42		42
Other income			13,224	139,250	152,474
Total income			1,112,422	153,000	1,265,422
Expenditure on:
Raising funds			98,683	2,712	101,395
Trading subsidiary			255,482		255,482
Charitable activities		10	706,971	77,508	784,479
Other		15	10,971	121,274	132,245
Total resources expended			1,072,107	201,494	1,273,601
Tax credits receivable			28,250		28,250
Net Income/(expenditure)	for the year/
Net movement In funds			68,565	(48,494)	20,071
Fund balances at 1 April 2019			(16,954)	197,505	180,551
Fund balances at 31 March 2020			51,611	149,011	200,622

							As restated
					2021		2020
				Notes	6		8
Fixed assets
Tangible assets				17		136,406	295,482
Heritage assets				18		55,300	55,300
Goodwill				19		7,740	10,320
						199,446	361,102
Current assets
Stocks				21	3,384		6,012
Debtors				22	37,567		52,572
Cash at bank and in		hand			429,091		36,985
					470,042		95,569
Creditors:	amounts	falling	due within
one year				23	(134,333)		(176,903)
Net current	assets/(liabilities)					335,709	(81,334)
Total assets less current			liabilities			535,155	279,768
Creditors:	amounts	falling	due after
more than	one year			24		(98,702)	(79,146)
Net assets						436,453	200,622
Income funds
Restricted	funds			28		131,243	149,011
Unrestricted	funds -	general				305,210	51,611
						436,453	200,622

			2021			2020
						as restated
		Notes			6	6
Fixed assets
Tangible assets		17		130,951		288,657
Heritage assets		18		55,300		55,300
Investments		20		100		100
				186,351		344,057
Current assets
Stocks		21			1,129
Debtors		22	32,669		68,214
Cash at bank and in	hand		416,408		30,036
			449,077		99,379
Creditors: amounts	falling due within
one year		23	(125,769)		(158,369)
Net current assets/(liabilities)				323,308		(58,990)
Total assets less current liabilities				509,659		285,067
Creditors: amounts	falling due after
more than one year		24		(55,382)		(79,146)
Net assets				454,277		205,921
Income funds
Restricted funds		26		131,243		149,011
Unrestricted funds -	general			323,034		56,910
				454,277		205,921

				2021		2020
						as restated
			Notes
Cash flows from operating		activities
Cash generated from operations			29		364,973	30,780
Investing activities
Purchase oftangible fixed	assets					(10,893)
Purchase of subsidiaries						(12,900)
Interest received						42
Net cash used In investing		activities				(23,751)
Financing activities
Proceeds from loans				50,000
Repayment of bank loans				(22,867)		(22,052)
Net cash used In financing		activities			27,133	(22,052)
Net (decrease)/Increase	in	cash and cash
equivalents					392,106	(15,023)
Cash and cash equivalents		at beginning	ofyear		36,985	52,008
Cash and cash equivalents		at end ofyear			429,091	36,985

Donations and legac	ies
						2021	2020
						E	E
Donations and gifts						91,202	70,305
Grants received						776,697	259,395
						867,899	329,700
Grants receivable for core			activities
Northumberland County Council						83,008	83,008
Arts Council England,	North		East			179,633	176,387
Arts Council England	Culture		Recovery Fund			207,000
Arts Council England	Emergency			Response	Fund	51,148
Coronavirus Job Retention		Scheme				248,908
Business Support Grant						7,000
						776,697	259,395

				Theatre	Cinema	Visual Arts	Classes	Total	Total
						and Dance		2021	2020
									as restated
				2021	2021	2021	2021
				6	8	6	6
Sales within	charitable
activities				3,834	674	3,274	40	7,822	404,477
Performance		related
grants						56,782		56,782	33,387
Other income						2,998		2,998	4,869
				3,834	674	63,054	40	67,602	442,733
Analysis by		fund
Unrestricted		funds-
general				3,834	674	63,054	40	67,602	428,983
Restricted	funds								13,750
				3,834	674	63,054	40	67,602	442,733
For the year		ended 31	March	2020
					Theatre	Cinema	Visual Arts	Classes	Total
							and Dance		2020
									As restated
Sales within		charitable	activities		197,092	162,456	34,275	10,654	404,477
Performance		related grants					33,387		33,387
Other income							4,869		4,869
					197,092	162,456	72,531	10,654	442,733
Analysis by fund
Unrestricted		funds - general			197,092	162,456	58,781	10,654	428,983
Restricted	funds						13,750		13,750
					197,092	162,456	72,531	10,654	442,733

				Unrestricted	Unrestricted
				funds	funds
				general	general
				2021	2020
				6	6
Subsidiary	income			39,611	302,183
Bar &confectionery			sales		24,867
Letting				891	8,298
Advertising	income			247	5,125
Other trading		activities		40,749	340,473

		Unrestricted	Unrestricted
		funds	funds
		general	general
		2021	2020
		6
Interest	receivable		42

			2021	2020
			E	E
Turnover			39.611	300,993
Cost ofsales			(10,766)	(77,914)
Gross profit			28,845	223,079
Other income			99,352	1,190
Administration expenses			(140,722)	(229,568)
			(12,525)	(5,299)
The assets and liabilities	ofthe subsidiary	were:
Fixed assets			13,195	17,145
Current assets			25,343	12,053
Creditors due within one	year		(12,942)	(34,397)
Creditors falling due after more than one		year	(43,320)
			(17,724)	(5,199)
Aggregate share capital	and reserves		17,724	5 199

		Restricted	Total	Unrestricted	Restricted	Total
		funds		funds	funds
				general
		2021		2020	2020	2020
		E		E	E	E
Other	income	45,000	45,000	13,224	139,250	152,474

Raising funds
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	general			general
	2021	2021	2021	2020	2020	2020
	6	6	6	6	6	6
Bar &confectionery
costs				12,508		12,508
Support costs	35,281	12,090	47,371	86,175	2,712	88,887
Trading costs	35,281	12,090	47,371	98,683	2,712	101,395

				Theatre	Cinema	Visual Arts	Total	Total
						and Dance	2021	2020
								as restated
				2021	2021	2021
				6	6	6
Staff costs						57,114	57,114	95,508
Operating	costs			5,051	208	55,518	60,777	278,349
				5,051	208	112,632	117,891	373,857
Share ofsupport costs (see
note 11)				157,511	27,388	255,025	439,924	390,885
Share ofgovernance			costs
(see note	11)				4,442	6,127	10,569	19,737
				162,562	32,038	373,784	568,384	784,479
Analysis	by fund
Unrestricted		funds-
general				121,390	24,879	298,406	444,675	706,971
Restricted	funds			41,172	7,159	75,378	123,709	77,508
				162,562	32,038	373,784	568,384	784,479

	For the year	For the year	For the year	ended	31 March 2020	31 March 2020
							Theatre	Cinema	Visual Arts	Classes	Total
									and Dance		2020
											As restated
										f	8
	Staff costs						14,020		72,280	9,208	95,508
	Operating		costs				85,361	76,664	116,324		278,349
							99,381	76,664	188,604	9,208	373,857
	Share ofsupport costs (see note 11)						188,203	155,130	37,379	10,173	390,885
	Share ofgovernance				costs (see note 11) 9,503			7,833	1,887	514	19,737
							297,087	239,627	227,870	19,895	784,479
	Analysis	by		fund
	Unrestricted			funds -	general		291,054	234,654	161,694	19,569	706,971
	Restricted		funds				6,033	4,973	66,176	326	77,508
							297,087	239,627	227,870	19,895	784,479
11	Supportcosts
						Support costs	Governance costs	2021	Support costs	Governance costs	2020
						8	8		5	8
	Staff costs					249,128		249,128	275,582		275,582
	Depreciation			and
	impairment					157,706		157,706	24,521		24,521
	Boxoffice					10,377		10,377	21,222		21,222
	Premises		&	office costs		51,791		51,791	90,539		90,539
	Marketing					8,378		8,378	31,119		31,119
	General expenses					8,804		8,804	32,516		32,516
	Accountancy						11,680	11,680		24,010	24,010
						486,184	11,680	497,864	475,499	24,010	499,509
	Analysed		between
	Trading					46,260	1,111	47,371	84,614	4,273	88,887
	Charitable		activities			439,924	10,569	450,493	390,885	19,737	410,622
						486,184	11,680	497,864	475,499	24,010	499,509

12	Independent	examiner	remuneration	remuneration
	The analysis	of independent examiner's			remuneration		is as follows:
								2021	2020
								5	5
	Independent	examination	ofthe	charity's	annual	accounts		2,400	2,400
	Non-independent examination			services
	Preparation	ofcharity's	annual	accounts				1,200	1,200

The average	monthly number ofemployees during th	e year was:
		2021	2020
		Number	Number
Full time		8	10
Part time		10	12
		18	22
Employment	costs	2021	2020
		6	6
Wages and salaries		289,063	344,848
Social security costs		12,650	20,303
Other pension costs		4,529	5,939
		306,242	371,090

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	general			general
	2021	2021	2021	2020	2020	2020
	E	E	E	E	F	E
Financing costs	4,350		4,350	10,971		10,971
Other expenditure		25,030	25,030		121,274	121,274
	4,350	25,030	29,380	10,971	121,274	132,245

	2021	2020
	E	E
In respect of;
Studio Refurbishment	147,191

17	Tangible fixed assets	Tangible fixed assets	- Group
				General	ONce	Computer	Studio	Total
				equipment	equipment &	equlpmentrefurbishment
					furnishings
				E	E	E	F
	Cost
	At 1 April 2020			177,147	15,891	34,832	332,230	560,100
	Additions
	At 31 March	2021		177,147	15,891	34,832	332,230	560,100
	Depreciation
	At 1 April 2020			123,687	5,962	31,629	103,340	264,618
	Depreciation	charged	in the year	6,620	1,801	766	2,698	11,885
	Impairment	losses					147,191	147,191
	At 31 March	2021		130,307	7,763	32,395	253,229	423,694
	Carrying amount
	At 31 March	2021		46,840	8,128	2,437	79,001	136,406
	At 31 March	2020		53,460	9,929	3,203	228,890	295,482

17	Tangible fixed assets - Charity	Tangible fixed assets - Charity
			General	Office		Computer	Studio	Total
			equipment	equipment	&	equipment	refurbishment
				furnishings
			6		6	6	6	6
	Cost
	At 1 April 2020		177,147	8,239		33,969	332,230	551,585
	Additions
	At 31 March 2021		177,147	8,239		33,969	332,230	551,585
	Depreciation
	At 1 April 2020		123,687	4,440		31,461	103,340	262,928
	Depreciation charged	in the year	6,620		571	626	2,698	10,515
	Impairment losses						147,191	147,191
	At 31 March 2021		130,307	5,011		32,087	253,229	420,634
	Carrying amount
	At 31 March 2021		46,840	3,228		1,882	79,001	130,951
	At 31 March 2020		53,460	3,799		2,508	228,890	288,657
18	Heritage assets
	At 1 April 2020 and at 31 March 2021							55,300
19	Intangible Fixed assets
								Goodwill
								6
	Cost or valuation
	At 1 April 2020 & 31 March 2021
	Amortisation
	At 1 April 2020							2,580
	Amortisatlon charged	in the year						2,580
	At 31 March 2021							5,160
	Carrying amount
	At 31 March 2021							7,740
	At 31 March 2020							10,320

20	Fixed asset	Inves	tments
								Other
							Investments
								E
	Cost or valuation
	At 1 April 2020 & 31 March 2021							100
	Carrying amount
	At 31 March	2021						100
	At 31 March	2020						100
	Other investments		comprise:				2021f	2020 f
	Investments	in subsidiaries					100	100
21	Stocks
					Group		Charity
					2021	2020	2021	2020
					E	f	E	E
	Shop stock				3,384	6,012		1,129
22	Debtors
					Group		Charity
					2021	2020	2021	2020
	Amounts falling due within			one	E	E	f	E
	Trade debtors					883		662
	Amounts owed by		subsidiary	undertakings			4,378	15,863
	Other debtors				37,567	40,253	28,291	40,253
	Prepayments	and	accrued income			11,436		11,436
					37,567	52,572	32,669	68,214

23	Creditors: amounts	Creditors: amounts	falling due within one year
					Group		Charity
					2021	Restated	2021	2020
						2020		as restated
				Notes		6		6
	Bankloans			26	25,089	17,512	18,409	17,512
	Other taxation and social security				6	12,418		34
	Deferred	income			99,8«	105,736	99,811	105,736
	Trade creditors				6,027	31,688	5,499	29,472
	Accruals				3,400	9,549	2,050	5,615
					134,333	176,903	125,769	158,369
24	Creditors: amounts		falling due after
					Group		Charity
					2021	2020	2021	2020
				Notes	6	6	6	6
	Bank loans				98,702	79,146	55,382	79,146
25	Loans and overdrafts
					Group		Charity
					2021	2020	2021	2020
					6	6	6	6
	Other loans				123,791	96,658	73,791	96,658
	Payable	within one	year		25,089	17,512	18,409	17,512
	Payable	after one year			98,702	79,146	55,382	79,146

Movement	In funds
			Movement ln funds
		Balance at 1	Incoming	Resources	Transfers	Balance at 31
		April 2020	resources	expended		March 2021
		Restated
		6
Unrestricted	funds
General funds		51,611	987,454	(635,794)	(98,061)	305,210
Restricted	funds
Artistic development		72,623		(84,770)	91,405	79,258
Visual Arts	Study	720				720
Awards For	All —Projection
Equipment		42,314		(42,314)	6,656	6,656
Community	Foundation/Business
Enterprise -Web		373				373
Third Age Project		1,290				1,290
Glasgow Boys		8,715		(8,715)
Borderlands		17,976	45,000	(25,030)		37,946
NCC Branding		5,000				5,000
Total restricted funds		149,011	45,000	(160,829)	98,061	131,243
Total funds		200,622	1,021,250	(645,135)		436,453

Year ended 31 March 2020
		Movement In funds
	Balance at 1	Restated	Restated	Transfers		Restated
	April 2019	Incoming	Resources			Balance at 31
		resources	expended			March 2020
		6	6		6
Unrestricted funds
General funds	(16,954)	1,112,422	(1,072,107)			51,611
Restricted funds
Artistic development	86,341		(13,718)			72,623
Visual Arts Study	720					720
Awards For All - Projection
Equipment	43,838		(1,524)			42,314
Community Foundation/Business
Enterprise - Web	373					373
Maltings Youth Theatre
Third Age Project	1,290					1,290
Paul Hamlyn Foundation	33,795		(33,795)
Ace Catalyst	11,442		(11,442)
Berwick Visual Arts	19,706		(19,706)
Glasgow Boys		8,750	(35)			8,715
Borderlands		139,250	(121,274)			17,976
NCC Branding		5,000				5,000
Total restricted funds	197,505	153,000	(201,494)			149,011
Total funds	180,551	1,125,989	(1,035,676)			200,622

27	Analysis	of net assets between	funds	-Group
	Current	financial year
						Unrestricted	Restricted	Total
						E	E	E
	Group
	Fund balances at 31 March 2021		are represented		by:
	Tangible	assets				50,492	85,914	136,406
	Heritage	assets				55,300		55,300
	Goodwill					7,740		7,740
	Current	assets/(liabilities)				290,380	45,329	335,709
	Long term liabilities					(98,702)		(98,702)
						305,210	131,243	436,453
	Charity
	Fund balances at 31 March 2021		are represented		by;
	Tangible	assets				45,037	85,914	130,951
	Heritage	assets				55,300		55,300
	Investments					100		100
	Current	assets/(liabilities)				277,979	45,329	323,308
	Long term liabilities					(55,382)		(55,382)
						323,034	131,243	454,277
	For the	year ended 31 March 2020
						Unrestricted	Restricted	Total
						E	E	E
	Group
	Fund balances at 31 March 2020		are represented		by:
	Tangible	assets				78,385	217,097	295,482
	Heritage	assets				55,300		55,300
	Goodwill					10,320		10,320
	Current	assets/(liabilities)				(13,248)	(68,086)	(81,334)
	Long term liabilities					(79,146)		(79,146)
						51,611	149,011	200,622
	Charity
	Fund balances at 31 March 2020		are represented		by:
	Tangible	assets				71,560	217,097	288,657
	Heritage	assets				55,300		55,300
	Investments					100		100
	Current	assets/(liabilities)				9,096	(68,086)	(58,990)
	Long term liabilities					(79,146)		(79,146)
						56,910	149,011	205,921

								2021	2020
								8	6
	Aggregate compensation							46,818	48,952
29	Cash generated from operations							2021	2020
								8	8
	Surplus for the year							235,831	20,071
	Adjustments for:
	Investment income recognised			in statement		offinancial	activities		(42)
	Depreciation and impairment		oftangible		fixed assets			159,076	26,211
	Amortisation of Goodwill							2,580	2,580
	Movements in working	capital:
	Decrease/(increase) in	stocks						2,628	(4,831)
	Decrease in debtors							15,005	26,620
	(Decrease) in creditors							(44,292)	(69,934)
	(Decrease)/increase in	deferred		income				(5,855)	30,105
	Cash generated from	operations						364,973	30,780

Changes to the bala	nce sheet
		At	31 March 2020
		As previously	Ad]ustment	As restated
		reported
		6	8
Creditors due within	one year
Loans and overdrafts		(17,512)		(17,512)
Taxation		(12,418)		(12,418)
Trade creditors		(31,688)		(31,688)
Deferred income		(40,793)	(64,943)	(105,736)
Accruals		(9,549)		(9,549)
Total creditors due	within one year	(108,360)	(64,943)	(176,903)
Income funds
Restricted funds		149,011		149,011
Unrestricted funds		121,853	(64,943)	56,910
Total funds		270,864	(64,943)	205,921

Changes to	the profit and loss account	the profit and loss account
			Period	ended 31 March		2020
			As previously		Adjustment	As	restated
			reportedf
Income from:
Donations and legacies			329,700				329,700
Performance		related grants	525,233		(82,500)		442,733
Other trading		activities	340,473				340,473
Investments			42				42
Other income			152,474				152,474
			1,347,922		(82,500)	1,265,422
Expenditure	on:
Raising funds			101,395				101,395
Trading subsidiary			255,482				255,482
Operating costs			802,036		(17,557)		784,479
Other			132,245				132,245
			1,291,158		(17,557)		1,273,601
Net gains on		investments	28,250				28,250
Net movement		in funds	85,014		(64,943)		20,071