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|||Page|
|---|---|---|
|Company
Information|||
|Report ofthe Directors||3to8|
|Report ofthe Independent|Auditom|9to 10|
|Consolidated
Statement|of Financial Activities||
|Consolidated
snd Company Balance Sheet||12|
|Consolidated
Cash Flow|Statement|13|
|Notes tothe Consolidated|Financial Statements|14to 25|
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|DIRECTORS AND TRUSTEES:|SJ Boffy||||-Resigned|10/08/2020|10/08/2020|||
|---|---|---|---|---|---|---|---|---|---|
||Lord R O Faulkner|||ofWonmster|-Appointed|22/02/2020||||
||J C Hodges||||-Appointed|10/08/2020||||
||DE Long||||-Resigned|10/08/2020||||
||J EJ Murfin|||||||||
||M W Regsn||||-Appointed|22/02/2020||and resigned|10/08/2020|
||JA Yelland|||||||||
|SECRETARY:|JA Yelland|||||||||
|REGISTERED OFFICE:|Huntingdon|Hall||||||||
||Crowngate|||||||||
||Worcester|||||||||
||Worcestershire|||||||||
||WR1 3LD|||||||||
|REGISTERED COMPANY NUMBER:|02233315|||||||||
|REGISTERED CHARITY NUMBER:|701310|||||||||
|AUDITORS:|Richards Sandy Audit Services||||Limited (Statutory||Auditor)|||
||Thomeloe|House||||||||
||25 Barboume||Road|||||||
||Worcester|||||||||
||WR1 1RU|||||||||
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|CHAR|CHAR|I
AB|||ANY LIMITE|D BYGUARANTEE|||
|---|---|---|---|---|---|---|---|---|
|REP||RT|FDIRE||7 R||THE CHARITY||
|F|R|E||||72020 C n In
d|||
|PjfiEfiEIEJILfiu)IS|||||ERS||||
|The company's||||auditors are;||Richards Sandy Audit Services Limited|||
|||||||Thorneloe|House||
|||||||25 Barboume||Road|
|||||||Worcester|||
|||||||WR1 1RU|||
|The company's||||solicitors are:||Russell snd Co|||
|||||||Holland
House|||
|||||||Church Street|||
|||||||Malvern|||
|||||||Worcester|||
|||||||WR14 2AH|||
|The company's||||bankers are:||Royal Bank|of|Scotland Pic|
|||||||5-9St Nicholas||Street|
|||||||Worcester|||
|||||||WR1 1UR|||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Nou s|Fuiiit
5|Fund
6|2020|2019
5|
|INCOME AND ENDOWMENTS|FROM:||||||
|Donations
and legacies
Charitable
activities
Other trading activities
Investments
Other|||326,814
675,301
158,932
242|58,547|385,361
675,301
158,932
242|258,495
927,666
232,374
509|
|||||||6,000|
|TOTAL INCOME AND ENDOWNMENTS|||1 151289|58 547|1 219836|I 425,044|
|EXPENDITURE ON:|||||||
|Raising funds
Charitable
activities|||58,996
1,020,391|57,155|58,996
1,077,557|84,042
1,432,553|
|TOTAL EXPENDITURE||17|1 079387|57166|1136553|1 516.595|
|NET INCONIE (EXPENDITURE)|||81,902|1,381|83,283|(91,551)|
|TOTAL FUNDS BROUGHT FORWARD|||(4,833)|105,054|100,221|191,772|
|TOTAL FUNDS CARRIED FORWARD|||||||
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|CHARIT
SLECO
LIMIT D
YG|CHARIT
SLECO
LIMIT D
YG|U||||||
|---|---|---|---|---|---|---|---|
|LIDAT
H FL
TATEM||NT||||||
|THE YEAR END
D||||||||
|||Notes tothe
cash flow||Group
2020|Group
2019|Parent
2020|Parent
2019|
|Cash flows from operating
activities:||statement||6|2|6|6|
|Cash generated
from operations||||63,376|35,469|(37,952)|77,432|
|Net cash provided
by operating
activities||||63376|||77432|
|Cash flows from investing
actlvitiesi||||||||
|Purchase oftangible fixed assets
Interest received
Receipt ofdistribution
ofprofits from subsidiary||||(22,194)|(6,402)
509|(22,194)
242
38,746|(6,402)
509
60,311|
|Net cash used in investing
activities||||||||
|Change
in cash and cash equivalents
In the reportlng
period||||4 4|29.
4 ~211||11,228|
|Cash and cash eiluivalents
at the||||||||
|beginning
ofthe reporting
period||||||||
|Cash and cash equivalents
at the end||||||||
|ofthe reporting
period||||||||
|N
ST
HECON
OLD
DC||FLOWSTATE|T|||||
|1
RECONCILIATION
OF NET INCOME/(EXPENDITURE)|||TO NET CASH FLOW||FROM OPERATING ACTIVITIES|||
|||||Group|Group|Parent|Parent|
|||||2020
6|2019
f|2020
6|2019
F|
|Net expenditure
forthe reporting
(as per the statement offinancial|period
activities)|||83,283|(91,551)|83,283|(91,551)|
|Adiustments
for:||||||||
|Depreciation
charges
Interest received
Receipt of distribution
of profits from
(Increase)/decrease
in stocks
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors|subsidiary|||40,564
(242)
3,557
12,244
(76,030)|40,551
(509)
5,883
24,865
56,230|40,564
(242)
(36,746)
200
(57,035)
(65,978)|40,551
(509)
(60,311)
14,426
54,204|
|Net cash provided
by operating
activities||||||||
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|ollowing
annual
rates in order to write|offeach asset over its|
|---|---|
|Fixtures, fittings and equipment|:20rE on cost|
|Motor Vehicles|:33%on cost|
|Swan Theatre|:1060on cost|
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|COMPARATIVES FOR THE CONSOLIDATED STATEIEEN|T OF FINANCIAL ACTIVlllES|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Fund|Fund|2IL12|
|||E|E|
|INCOEIE AND ENDOWMENTS FROM:||||
|Donations
and legacies|233,679|24,816|258,495|
|Charitable
activiTies|927,666||927,666|
|Other trading
activities|232,374||232,374|
|Investments|509||509|
|Other|6,000||6,000|
|TOTAL INCOME AND ENDOWNMENTS||||
|EXPENDITURE ON:||||
|Raising funds|84,042||84,042|
|Charitable
activities|1,361,562|50,991|1,432,553|
|TOTAL EXPENDITURE||||
|NET INCOEIE (EXPENDITURE)|(65,376)|(26,175)|(91,551)|
|TOTAL FUNDS BROUGHT FORWARD|60,543|131,229|191,772|
|TOTAL FUNDS CARRIED FORWARD|4833|105054|100221|
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|TANGIBLE FIXEDASSETS|||||||
|---|---|---|---|---|---|---|
||Swan Theatre 8||Fixtures,||||
||Huntlngdon|Hall|Fittings 8|Motor|Group|Parent|
||Improvements||Equipment|Vehicles|Total|Total|
||6||6|6|6|6|
|COST|||||||
|At 1 September 2019|304,871||361,930|24,282|690,883|890,883|
|Additions|15,993||6,201||22,194|22,194|
|Disposals|||||||
|At 31 August 2020|||||||
|DEPRECIATION:|||||||
|At 1 September 2019|201,061||348,141|24,282|573,484|573,484|
|Charge for the year|32,033||8,531||40,564|40,564|
|Eliminated
on disposal|||||||
|At 31August 2020|||||||
|NET BOOK VALUE:|||||||
|At 31August 2020|87,570||11,459||99,029|99,029|
|At 31 August 2019|||13,789||117399|117,399|
|FIXEDASSET INVESTMENTS|||||||
|||||||Unlisted|
|||||||Investments|
|The financial
resul|ts ofArts Ent|erprises
Worcester
Li|mited for the year were as|follows:|
|---|---|---|---|---|
||||2020|2019|
||||6||
||||102,744|148,579|
|Other income|||549||
|Expenditure|||||
|Profit forthe year|||38,746|56,777|
|Gift aid distribution|to charitable|company|||
|Retained earnings|||||
|Aggregate
capital|and reserves||2|2|
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|F R|THEY
D|TA|ST202|||||||
|---|---|---|---|---|---|---|---|---|---|
|9|STOCK|||||||||
|||||Group||Group|Parent||Parent|
|||||~220||~21|~22||~219|
|||||E|||E|||
||Goods held for resale|||||10202|||200|
||||||||||200|
|10|DEBTORS:AMOUNT FALLING DUE WITHIN ONE YEAR|||||||||
|||||Group
2020||Group
2019|Parent
2020||Parent
2019|
|||||E||E|E|||
||Trade debtors|||10,128||27,262|10,128||26,750|
||Amount due from
-Arts Enterpnses
Other debtors|subsidiary;
Worcester|Limited|14.196||2,709|118,505
14,196||53,866
2,709|
||Prepayments
and|accrued income||||39,712|31|163|33,632|
|||||57|39|||||
|11|CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR|||||||||
|||||Group||Group|Parent||Parent|
|||||2020||2019|2020||2019|
|||||E|||E|||
||Trade creditors|||65,270||90,136|65,131||81,282|
||Payments
received an account
Social security and other taxes
Other creditors|||151,714
4,170
830||195,414
6,665
1,366|151,714
3,535
830||195,414
4,691
1,366|
||Accruals|||||28,292|||23,692|
||Payments
received on account|||||||||
|||||Gmup||Group|Parent||Parent|
|||||~2||2019|2020||2019|
|||||E||E|||E|
||Balance at 1 September 2019
Received during the current year relating tofuture years|||195,414
151,714||163,881
195,414|195,414
151,714||163,881
195,414|
||Opening
creditor released to revenue
Balance at 31August 2020||||||||195,414|
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|16|INCOMING RESOURCES|INCOMING RESOURCES|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Tat@I|
||||||Funds|Funds|Funds|Funds|
||||||2020f|2020f|2020|2019
f|
||Donations and|legacies|||||||
||Grants received|—Worcester City Council|||109,739||109,739|114,258|
||Grants received|- Bransford Trust|||20,000||20,000|35,067|
||Grants received|- Friends ofSwan Theatre||/ Huntingdon|1,500||1,500|5,100|
||Hall||||||||
||Grants received|- COVID-19related|||138,990||138,990||
||Grants received|- other|||3,961|50,500|54,461|61,020|
||Donations
and|legacies received from|individuals||44,931|8,047|52,978|34,341|
||Patron scheme||||2,897||2,897|8,709|
||Legacies||||4796||||
||||||328,814||||
||Charitable
activities||||||||
||Performance
income||||613,060||613,060|798,095|
||Performance
sponsorshiu||||4,629||4,629|22,444|
||Hall hiring fees||||46,283||46,283|87,059|
||Youth Theatre||||6,329||8,329|13,585|
||Rent - Elgar School ofMusic||||5,000||5,000|5,000|
||Technical
Income|||||||1,483|
||Other trading
activities||||||||
||Raffie||||5,903||5,903|12,300|
||100Clubs||||4,315||4,315|5,845|
||Commission||||1,023||1,023|6,211|
||Sundry||||2,418||2,418|11,579|
||Adveriising||||2,603||2,603|5,013|
||Boxoffice booking fees||||39,926||39,926|42,847|
||Sale offood, drinks and merchandise||||102744|||148579|
||||||158,932||||
||Investment
income||||||||
||Bank interest||||242||||
||Other Income||||||||
||Management
fees - Worcester Festival||Ltd|||||6,000|
||TOTAL INCOMING RESOURCES||||1,161,289|58,547|1,219,836|1,425,044|
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|EXPENDITURE|||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
||||2020
5|~220|2020
f|~21f|
|Raising funds|||||||
|100t2ub prizes|||1,880||1,880|2,780|
|Cost offood, drinks and merchandise||held for resale|57116|||81 262|
||||58996||56996|84,042|
|Charitable
Activities|||||||
|Wages and salaries|||309,442||309,442|429,445|
|Administration
subcontractors|||12,923||12,923|9,422|
|Artist fees and other event expenses||- general|274,514||274,514|443,864|
|Artist fees and other event expenses||- pantomime|144,360|5,752|150,112|149,984|
|Technical expenses|||18,927||18.927|21,914|
|Youth Theatre|||9,634||9,634|10,791|
|Swan Theatre School||||||1,000|
|Performing
Rights Society fees|||16,104||16,104|19,361|
|Credit card charges re|5cket sales||11,954||11,954|16,019|
|Brochure and ticket printing|||30,963||30,963|49,061|
|Advertising|||19,869||19,869|21,652|
|Telephone|||7,429||7,429|10,125|
|Postage and stationery|||7,142||7,142|9,852|
|Photocopier|||8,640||8,640|10,518|
|Repairs and renewals|||49,883|17,478|67,361|85,912|
|Sundry expenses|||5,483||5,483|11,955|
|Insurance|||8,372||8,372|8,015|
|Water|||2,789||2,789|3,577|
|Electricity|||23,165||23,165|33,887|
|Gas|||16,723||16,723|21,159|
|Depreciation|||6,628|33,936|40,564|40,551|
|Bank charges|||2,521||2,521|3,348|
|Professional fees|||5,511||5,511|4,809|
|Bad debts|||1,708||1,708||
|ggygm~n|||||||
|Auditors
remuneration|||19,360||19,360|14,999|
|Auditors
remuneration|fcr non audit|work|6347|||1 333|
||||||1 077557|1432553|
|TOTAL EXPENDITURE|||1,079,387|57,166|1,136,553|1,516,595|
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|RESTRICTED FUNDS||||||
|---|---|---|---|---|---|
|||As at 1|||As at 31|
|||SePtembsr
2019|||August|
|Swan studio and Huntingdon|Hall project|84,285||(27,530)|56,755|
|New equipment
Satsfiits dish snd screen||12,953|32,000|(4,403)
(2,003)|8,550
29,997|
|Repair fund||316|18,547|(17,478)|1,385|
|Pantomime
Access to sfi performance||4,000
3,500||(4,000)
(1,752)|1,748|
|Youth projects
Waits and Simone show support|||3,000
5,000||3,000
5,000|
||||||106435|
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|||As at 1|||As at 31|
|---|---|---|---|---|---|
|||September
2018|||August|
|Swan studio and Huntingdon|Hall project|111,843||(27,558)|84,285|
|New equipment
Repair fund||19,386|17,316|(6,433)
(17,000)|12,953
316|
|Pantomime
Access to afi performance|||4,000
3,500||4,000
3,500|
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|ANALYS|IS OF GROUP NET ASSETSBETWEEN FUNDS||||
|---|---|---|---|---|
|||Unrestricted|Restdcted|Total|
|||Funds|Funds|Funds|
|||2020f|2020f|2020f|
|FIXEDASSETS|||||
|Tangible|fixed assets|17,715|81,314|99,029|
|CURRENTASSETS|||||
|Stocks||6,645||6,645|
|Debtors||51,369|6,070|57,439|
|Cash at|bank end in hand|247,182|19,052|266,234|
|UABILITIES|||||
|Amounts|falling due within one year|(245,843)||(245,843)|
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|COMPARATIVE A|NALYSIS OF GROUP NE|T ASSETS BETWEEN FUNDS||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|
||||2019
f|2019f|2010
f|
|FIXEDASSETS||||||
|Tangible fixed assets|||20,161|97,238|117,399|
|CURRENT ASSETS||||||
|Stocks|||10,202||10,202|
|Debtors|||69,683||69,683|
|Cash at bank and|in hand||216,994|7,816|224,810|
|LIABILlllES||||||
|Amounts
falling due within one year|||(321,873)||(321.873)|
|NET CURRENT ASSETS|||||100221|
|ANALYSIS OF CHARITABLE COMPANY'S||NET ASSETS BElWEEN FUNDS||||
||||Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|
||||~202f|~22f|~220|
|FIXEDASSETS||||||
|Tangible fixed assets|||17,715|81,314|99,029|
|Investments|||2||2|
|CURRENTASSETS||||||
|Stocks||||||
|Debtors|||167,922|6,070|173,992|
|Cash at bank and|in hand||131,898|19,052|150,950|
|UABILITIES||||||
|Amounts
falling due within one year|||{240,469)||(240,469)|
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||||Unrestricted|Unrestricted|Restricted|Total||
|---|---|---|---|---|---|---|---|
||||Funds||Funds|Funds||
||||2019||2019|2019||
||||||5|6||
|FIXEDASSETS||||||||
|Tangible|fixed assets||20,161||97,238|117,399||
|Investments||||2|||2|
|CURRENTASSETS||||||||
|Stocks||||200|||200|
|Debtors|||116,957|||116,957||
|Cash at|bank and|in hand|164,292||7,816|172,108||
|LIABILlllES||||||||
|Amounts|falling due within one year||(306,445)|||(306,445)||
|NET CURRENT ASSETS|||4|833|105054|100|221|